Document:

Exhibit 10.11

 

Execution Version

 

SECOND AMENDED AND RESTATED AGREEMENT

OF LIMITED PARTNERSHIP

 

OF

 

OHI HEALTHCARE PROPERTIES

LIMITED PARTNERSHIP

 

Dated as of April 1, 2015

 

THE SECURITIES EVIDENCED HEREBY HAVE NOT
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS
OF ANY STATE AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION, UNLESS IN THE OPINION
OF COUNSEL SATISFACTORY TO THE PARTNERSHIP THE PROPOSED SALE, TRANSFER OR OTHER DISPOSITION MAY BE EFFECTED WITHOUT REGISTRATION
UNDER THE SECURITIES ACT AND UNDER APPLICABLE STATE SECURITIES OR “BLUE SKY” LAWS.

 

    	 

    	 

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	Article 1
	DEFINED TERMS
	 	 	 
	Section 1.1.	Definitions	3
	 	 	 
	Article 2
	ORGANIZATIONAL MATTERS
	 	 	 
	Section 2.1.	Organization	18
	Section 2.2.	Name	18
	Section 2.3.	Registered Office and Agent; Principal Office	19
	Section 2.4.	Power of Attorney	19
	Section 2.5.	Term	20
	 	 	 
	Article 3
	PURPOSE
	 	 	 
	Section 3.1.	Purpose and Business	20
	Section 3.2.	Powers	21
	Section 3.3.	Partnership Only for Purposes Specified	21
	Section 3.4.	Representations and Warranties by the Parties	21
	 	 	 
	Article 4
	CAPITAL CONTRIBUTIONS
	 	 	 
	Section 4.1.	Capital Contributions of the Partners	24
	Section 4.2.	General Partner Interest	24
	Section 4.3.	Units	24
	Section 4.4.	Issuances of Additional Partnership Interests	24
	Section 4.5.	Additional Equity Funding, Capital Contributions	25
	Section 4.6.	Equity Incentive Plan	27
	Section 4.7.	Other Contribution Provisions	28
	 	 	 
	Article 5
	DISTRIBUTIONS
	 	 	 
	Section 5.1.	Distributions of Available Cash	28
	Section 5.2.	Distributions In-Kind	29
	Section 5.3.	Distributions Upon Liquidation	29
	Section 5.4.	Distributions to Reflect Issuance of Additional Units	29

 

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	Article 6
	ALLOCATIONS
	 	 	 
	Section 6.1.	Timing and Amount of Allocations of Net Income and Net Loss	30
	Section 6.2.	Additional Allocation Provisions	30
	Section 6.3.	Tax Allocations	33
	Section 6.4.	Transfer of Interest	34
	 	 	 
	Article 7
	MANAGEMENT AND OPERATIONS OF THE PARTNERSHIP; RIGHTS AND OBLIGATIONS OF THE GENERAL PARTNERS
	 	 	 
	Section 7.1.	Powers of the General Partner	34
	Section 7.2.	Certificate of Limited Partnership	38
	Section 7.3.	Reimbursement of a General Partner	38
	Section 7.4.	Outside Activities of the General Partner	39
	Section 7.5.	Contracts with Affiliates	40
	Section 7.6.	Indemnification	40
	Section 7.7.	Liability of Indemnitees	42
	Section 7.8.	Other Matters Concerning the General Partner	43
	Section 7.9.	Title to Partnership Assets	44
	Section 7.10.	Reliance by Third Parties	44
	 	 	 
	Article 8
	RIGHTS AND OBLIGATIONS OF LIMITED PARTNERS
	 	 	 
	Section 8.1.	Limitation of Liability	44
	Section 8.2.	Management of Business	45
	Section 8.3.	Outside Activities of Limited Partners	45
	Section 8.4.	Return of Capital Contributions	45
	Section 8.5.	Rights of Limited Partners Relating to the Partnership	46
	Section 8.6.	Redemption Rights	46
	Section 8.7.	Adjustment Factor	49
	 	 	 
	Article 9
	BOOKS, RECORDS, ACCOUNTING AND REPORTS
	 	 	 
	Section 9.1.	Records and Accounting	49
	Section 9.2.	Fiscal Year	50
	Section 9.3.	Reports	50
	 	 	 
	Article 10
	TAX MATTERS
	 	 	 
	Section 10.1.	Preparation of Tax Returns	50
	Section 10.2.	Tax Elections	50
	Section 10.3.	Tax Matters Partner	50
	Section 10.4.	Withholding	51

 

    	 

    	 

    

  

	Article 11
	TRANSFERS AND WITHDRAWALS
	 	 	 
	Section 11.1.	Transfer	52
	Section 11.2.	Transfer of the General Partner’s GP Units	52
	Section 11.3.	Transfer of Limited Partners’ Partnership Interests	55
	Section 11.4.	Substituted Limited Partners	56
	Section 11.5.	Assignees	57
	Section 11.6.	General Provisions	57
	 	 	 
	Article 12
	ADMISSION OF PARTNERS
	 	 	 
	Section 12.1.	Admission of Successor General Partner and Additional General Partners	59
	Section 12.2.	Admission of Additional Limited Partners	60
	Section 12.3.	Amendment of Agreement and Certificate of Limited Partnership	60
	 	 	 
	Article 13
	DISSOLUTION AND LIQUIDATION
	 	 	 
	Section 13.1.	Dissolution	60
	Section 13.2.	Winding Up	61
	Section 13.3.	Deemed Contribution and Distribution	62
	Section 13.4.	Rights of Limited Partners	62
	Section 13.5.	Notice of Dissolution	62
	Section 13.6.	Cancellation of Certificate of Limited Partnership	63
	Section 13.7.	Reasonable Time for Winding-Up	63
	Section 13.8.	Waiver of Partition	63
	 	 	 
	Article 14
	AMENDMENT OF PARTNERSHIP AGREEMENT; CONSENTS
	 	 	 
	Section 14.1.	Amendments without Limited Partner Consent	63
	Section 14.2.	Amendments with Limited Partner Consent	65
	Section 14.3.	Meetings of and Actions by the Partners	65
	 	 	 
	Article 15
	LTIP UNITS
	 	 	 
	Section 15.1.	Designation	66
	Section 15.2.	Vesting	66
	Section 15.3.	Adjustments	67
	Section 15.4.	Distributions	68
	Section 15.5.	Allocations	68
	Section 15.6.	Transfers	68
	Section 15.7.	Redemption	69
	Section 15.8.	Legend	69
	Section 15.9.	Conversion to Partnership LP Unit	69
	Section 15.10.	Voting	71
	Section 15.11.	Section 83 Safe Harbor	71

 

    	 

    	 

    

  

	Article 16
	GENERAL PROVISIONS
	 	 	 
	Section 16.1.	Addresses and Notice	72
	Section 16.2.	Interpretation	73
	Section 16.3.	Pronouns and Plurals	73
	Section 16.4.	Further Action	73
	Section 16.5.	Binding Effect	73
	Section 16.6.	Creditors	73
	Section 16.7.	Waiver	73
	Section 16.8.	Counterparts	73
	Section 16.9.	Applicable Law	74
	Section 16.10.	Invalidity of Provisions	74
	Section 16.11.	Limitation to Preserve REIT Status	74
	Section 16.12.	No Rights as Stockholders of Omega REIT	74
	Section 16.13.	No Third Party Beneficiaries	75
	Section 16.14.	Entire Agreement	75

 

	Exhibits	 
	 	 
	Exhibit A	Holders and Units
	Exhibit B	Form of Notice of Redemption
	Exhibit C	Form of Conversion Notice
	Exhibit D	Form of Forced Conversion Notice

 

    	 

    	 

    

 

SECOND AMENDED AND RESTATED

AGREEMENT OF LIMITED PARTNERSHIP

OF

OHI HEALTHCARE PROPERTIES LIMITED PARTNERSHIP

 

This SECOND AMENDED
AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF OHI HEALTHCARE PROPERTIES LIMITED PARTNERSHIP (this “Agreement”)
dated as of April 1, 2015, is entered into by and among Omega Healthcare Investors, Inc., a Maryland corporation (the “Omega
REIT”), as a General Partner and a Limited Partner, OHI Healthcare Properties Holdco, Inc., a Delaware corporation (“Omega
Holdco”), as a General Partner, and Aviv Healthcare Properties Limited Partnership, a Delaware limited partnership (“Aviv
LP”), as a Limited Partner, together with any other Persons who become Partners in the Partnership as provided herein.
Capitalized terms used herein are defined in Article 1 unless otherwise provided.

 

Recitals

 

WHEREAS, the
Partnership was organized as a limited partnership under the name OHI Healthcare Properties Limited Partnership, L.P. pursuant
to and in accordance with the Act by the filing of a Certificate of Limited Partnership of the Partnership (as amended or restated
from time to time in accordance with the terms hereof and of the Act, the “Certificate”) with the Office of
the Secretary of State of the State of Delaware on October 24, 2014;

 

WHEREAS, on
October 24, 2014, Omega REIT, as the initial sole General Partner, and Omega Holdco, as the initial sole Limited Partner, entered
into an Agreement of Limited Partnership of OHI Healthcare Properties Limited Partnership, L.P. (the “Original Agreement”);

 

WHEREAS, on
October 30, 2014, the Partnership, Omega REIT, Omega Holdco, Aviv LP, and Aviv REIT, Inc., a Maryland corporation (“Aviv
REIT”), entered into that certain Agreement and Plan of Merger (the “Merger Agreement”), pursuant
to which Omega REIT agreed to acquire substantially all of the assets of Aviv REIT through a merger of Aviv REIT with and into
Omega Holdco (the “Merger”), which acquisition would include a combination that would result in the acquisition
of all the assets of Aviv LP and substantially all of the assets of Omega REIT by the Partnership;

 

WHEREAS, on
November 19, 2014, the Partnership changed its name to OHI Healthcare Properties Limited Partnership pursuant to and in accordance
with the Act by the filing of an amendment to the Certificate with the Office of the Secretary of State of the State of Delaware;

 

WHEREAS, pursuant
to that certain Omega Contribution and Assumption Agreement dated as of March 30, 2015 (the “Omega Contribution Agreement”),
by and between Omega REIT and the Partnership, Omega REIT contributed, transferred and assigned substantially all of its assets,
business and properties to the Partnership (other than Omega REIT’s direct and indirect equity interests in Omega Holdco
and the Partnership), and in consideration therefor, the Partnership, as between Omega REIT and the Partnership but without implicating
any of the

 

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rights of any third party
whose consent would otherwise be required, (i) assumed and agreed to pay, perform, discharge or otherwise fulfill substantially
all of Omega REIT’s Liabilities (as defined in the Omega Contribution Agreement) and obligations, and (ii) issued One Hundred
Thirty Eight Million Seven Hundred Fifty One Thousand Nine Hundred Forty Four (138,751,944) LP Units to Omega REIT (the “Omega
Contribution”);

 

WHEREAS, on
March 30, 2015, the Board of Directors of Omega REIT approved and adopted certain amendments to its Equity Incentive Plan, which
amendments include, among other changes, as an addition to the types of equity that may be awarded and earned by an eligible participant
in such Equity Incentive Plan, the addition of LTIP Units issued by the Partnership that are convertible into LP Units, all in
accordance with the terms, conditions and limitations as established or otherwise set forth in such Equity Incentive Plan and/or
in this Agreement; and

 

WHEREAS, in
connection with consummation of the transaction contemplated by the Omega Contribution, the adoption of and the amendments to the
Equity Incentive Plan, and the desire of Omega REIT and the Partnership to make grants of LTIP Units to certain participants in
the Equity Incentive Plan, the Partners amended and restated the Original Agreement in its entirety by entering into that certain
First Amended and Restated Agreement of Limited Partnership of the Partnership dated as of March 30, 2015 (the “Existing
Agreement”).

 

WHEREAS, pursuant
to that certain Aviv Contribution and Assumption Agreement dated as of the date hereof (the “Aviv Contribution Agreement”),
Aviv LP contributed, transferred and assigned all of its assets, business and properties to the Partnership, and in consideration
therefore the Partnership, as between Aviv LP and the Partnership but without implicating any of the rights of any third party
whose consent would otherwise be required, (i) assumed and agreed to pay, perform, discharge or otherwise fulfill all the Liabilities
(as defined in the Aviv Contribution Agreement) of Aviv LP, (ii) issued to Aviv REIT one (1) GP Unit and (iii) issued to Aviv LP
Fifty Two Million Nine Hundred Eight Thousand Three Hundred Forty Seven (52,908,347) LP Units (collectively, the “Aviv
Contribution”);

 

WHEREAS, immediately
following the Aviv Contribution and the related satisfaction and discharge of the indentures governing the senior notes previously
issued by Aviv LP and Aviv Healthcare Capital Corporation, the Merger was consummated;

 

WHEREAS, on
the date hereof, in connection with and as a result of the Merger, Omega Holdco, as the surviving corporation in the Merger succeeded
to and became the owner of one (1) GP Unit of the Partnership, as well as Forty Eight Million Five Hundred Seventy Seven Thousand
Three Hundred Eleven (48,577,311) partnership units in Aviv LP that were held by Aviv REIT;

 

WHEREAS, pursuant
to that certain Omega Holdco Contribution and Assumption Agreement, dated as of the date hereof, Omega Holdco contributed, transferred
and assigned to Aviv LP substantially all of Omega Holdco’s assets (other than its Forty Eight Million Five Hundred Seventy
Seven Thousand Three Hundred Eleven (48,577,311) partnership units in Aviv LP), and Omega Holdco agreed to comply with and be bound
by the provisions of the Second Amended and Restated Agreement of Limited Partnership of Aviv Healthcare Properties Limited

 

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Partnership, dated as
of March 26, 2013, as the sole general partner (together with the Aviv Contribution, the “Exchange”);

 

WHEREAS, in
connection with consummation of the Exchange and the Merger, the parties desire to amend and restate the Existing Agreement in
its entirety by entering into this Agreement; and

 

WHEREAS, except
as otherwise expressly provided herein, the parties hereto intend that the affairs of the Partnership shall be managed by the General
Partner.

 

Agreement

 

NOW, THEREFORE,
in consideration of the mutual covenants and agreements contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby agree as follows:

 

Article
1

DEFINED TERMS

 

Section
1.1.         Definitions.

 

The following definitions
shall be for all purposes, unless otherwise clearly indicated to the contrary, applied to the terms used in this Agreement.

 

“Act”
means the Delaware Revised Uniform Limited Partnership Act, as it may be amended from time to time, and any successor to such statute.

 

“Additional
Funds” has the meaning set forth in Section 4.5(a).

 

“Additional
General Partner” means a Person admitted to the Partnership as an additional General Partner pursuant to Section 12.1
and who is shown as such on the books and records of the Partnership.

 

“Additional
Limited Partner” means a Person admitted to the Partnership as an additional Limited Partner pursuant to Section 12.2
and who is shown as such on the books and records of the Partnership.

 

“Adjusted
Capital Account Deficit” means, with respect to any Partner, the deficit balance, if any, in such Partner’s Capital
Account as of the end of the relevant Partnership Year, after giving effect to the following adjustments: (i) decrease such deficit
by any amounts which such Partner is obligated to restore pursuant to this Agreement or is deemed to be obligated to restore pursuant
to Regulations Section 1.704-1(b)(2)(ii)(c) or the penultimate sentence of each of Regulations Sections 1.704-2(i)(5) and 1.704-2(g)(1);
and (ii) increase such deficit by the items described in Regulations Section 1.704-1(b)(2)(ii)(d)(4), (5) and (6). The foregoing
definition of Adjusted Capital Account Deficit is intended to comply with the provisions of Regulations Section 1.704-1(b)(2)(ii)(d)
and shall be interpreted consistently therewith.

 

“Adjustment
Events” has the meaning set forth in Section 15.3.

 

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“Adjustment
Factor” means, as of Effective Date, 1.0; provided, however, that in the event that:

 

(i)          Omega
REIT (a) declares or pays a dividend on its outstanding REIT Shares in REIT Shares or makes a distribution to all holders of its
outstanding REIT Shares in REIT Shares, (b) splits or subdivides its outstanding REIT Shares or (c) effects a reverse stock split
or otherwise combines or reclassifies its outstanding REIT Shares into a smaller number of REIT Shares, the Adjustment Factor shall
be adjusted by multiplying the Adjustment Factor previously in effect by a fraction (1) the numerator of which shall be the number
of REIT Shares issued and outstanding on the record date for such dividend, distribution, split, subdivision, reverse split, combination
or reclassification (assuming for such purposes that such dividend, distribution, split, subdivision, reverse split, combination
or reclassification has occurred as of such time) and (2) the denominator of which shall be the actual number of REIT Shares (determined
without the above assumption) issued and outstanding on the record date for such dividend, distribution, split, subdivision, reverse
split, combination or reclassification; provided, however, that the Adjustment Factor shall not be adjusted if, concurrently
with any of the actions taken with respect to the Omega REIT Shares as described above in this paragraph (i) a number of Units
of the Partnership are issued to all Partners pursuant to Section 4.4(b)(i) such that, after such issuance of Units, the
ratio of Partnership Units owned by Omega REIT, taking into account both Units in the Partnership that are owned by Omega REIT
directly, and indirectly through wholly-owned Affiliates of Omega REIT, to the number of REIT Shares outstanding after the actions
taken in this paragraph (i) is equal to such ratio that existed before such actions;

 

(ii)         Omega
REIT distributes any rights, options or warrants to all holders of its REIT Shares to subscribe for or to purchase or to otherwise
acquire REIT Shares (or other securities or rights convertible into, exchangeable for or exercisable for REIT Shares) at a price
per share less than the Value of a REIT Share on the record date for such distribution (each a “Distributed Right”),
the Adjustment Factor shall be adjusted by multiplying the Adjustment Factor previously in effect by a fraction (a) the numerator
of which shall be the number of REIT Shares issued and outstanding on the record date plus the maximum number of REIT Shares purchasable
under such Distributed Rights and (b) the denominator of which shall be the number of REIT Shares issued and outstanding on the
record date plus a fraction (1) the numerator of which is the maximum number of REIT Shares purchasable under such Distributed
Rights multiplied by the minimum purchase price per REIT Share under such Distributed Rights and (2) the denominator of which is
the Value of a REIT Share as of the record date; provided, however, that, if any such Distributed Rights expire or
become no longer exercisable, then the Adjustment Factor shall be adjusted, effective retroactively to the date of distribution
of the Distributed Rights, to reflect a reduced maximum number of REIT Shares or any change in the minimum purchase price for the
purposes of the above fraction; or

 

(iii)        Omega
REIT shall, by dividend or otherwise, distribute to all holders of its REIT Shares evidences of its indebtedness or assets (including
securities, but excluding any dividend or distribution referred to in paragraph (i) or (ii) above), which evidences of

 

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indebtedness
or assets relate to assets not received by Omega REIT or its Subsidiaries pursuant to a pro rata distribution by the Partnership,
the Adjustment Factor shall be adjusted to equal the amount determined by multiplying the Adjustment Factor in effect immediately
prior to the close of business on the record date by a fraction (1) the numerator of which shall be such Value of a REIT Share
on the record date and (2) the denominator of which shall be the Value of a REIT Share on the record date less the then fair market
value (as determined by the General Partner, whose determination shall be conclusive) of the portion of the evidences of indebtedness
or assets so distributed applicable to one REIT Share.

 

Any adjustments to the Adjustment
Factor shall become effective immediately after the effective date of the event necessitating the adjustment, retroactive to the
record date, if any, for such event.

 

“Affiliate”
means, with respect to any Person, (a) each other Person that, directly or indirectly, owns or controls, whether beneficially or
as a trustee, guardian or other fiduciary, fifty percent (50%) or more of the stock or ownership interest of such Person and (b)
each other Person that controls, is controlled by or is under common control with such Person. For the purpose of this definition,
“control” of a Person shall mean the possession, directly or indirectly, of the power to direct or cause the direction
of such Person’s management or policies, whether through the ownership of voting securities, by contract or otherwise.

 

“Agreement”
has the meaning set forth in the introductory paragraph.

 

“Assignee”
means a Person to whom one or more Units have been Transferred in a manner permitted under this Agreement, but who has not become
a Substituted Limited Partner.

 

“Assumed New
Debt Obligations and Liabilities” has the meaning set forth in
Section 4.5(d).

 

“Available
Cash” means Gross Receipts, reduced by the payment, or accrual for payment, of all business operating expenses and capital
costs relating to the business of the Partnership and its assets, including any and all principal payments, capital expenditures,
management and other fees, interest, and other charges or provisions, including escrow deposits made pursuant to the terms of the
Debt of the Partnership or its Subsidiaries, reserves for current and future working capital requirements, acquisitions of additional
properties, contingencies, reserves, anticipated obligations and other charges or provisions as determined by the General Partner
in its sole and absolute discretion.

 

“Aviv Contribution
Agreement” has the meaning set forth in the Recitals.

 

“Aviv LP”
has the meaning set forth in the preamble hereto.

 

“Aviv LP Dissolution”
has the meaning set forth in Section 11.3(a)(i).

 

“Aviv REIT”
has the meaning set forth in the Recitals.

 

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“Business
Day” means a day of the year on which banks are not required or authorized to close in New York, New York.

 

“Bylaws”
means the Amended and Restated Bylaws of Omega REIT, as amended or supplemented from time to time.

 

“Capital Account”
means, with respect to any Partner, the Capital Account maintained for such Partner in accordance with the following provisions:

 

(a)          To
each Partner’s Capital Account there shall be added (i) the amount of money and the Gross Asset Value of any property (other
than money) contributed to the Partnership by such Partner, (ii) such Partner’s allocable share of Net Income and any items
in the nature of income or gain which are specially allocated pursuant to Article 6
and (iii) the amount of any Partnership liabilities assumed by such Partner or which are secured by any property distributed to
such Partner.

 

(b)          From
each Partner’s Capital Account there shall be subtracted (i) the amount of cash and the Gross Asset Value of any Partnership
property distributed to such Partner pursuant to any provision of this Agreement, (ii) such Partner’s allocable share of
Net Losses and any items in the nature of expenses or losses which are specially allocated pursuant to Article
6 and (iii) the amount of any liabilities of such Partner assumed by the Partnership or which are secured by any property
contributed by such Partner to the Partnership.

 

(c)          In
the event any interest in the Partnership is Transferred in accordance with Article 11,
the transferee shall succeed to the Capital Account of the transferor to the extent it relates to the Transferred interest.

 

(d)          In
determining the amount of any liability for purposes of subsections (a) and (b) above, there shall be taken into account Code Section
752(c) and any other applicable provisions of the Code and Regulations.

 

The foregoing provisions
and the other provisions of this Agreement relating to the maintenance of Capital Accounts are intended to comply with Regulations
Sections 1.704-1(b) and 1.704-2, and shall be interpreted and applied in a manner consistent with such Regulations. For the avoidance
of doubt, in the case of any Partner holding LP Units and LTIP Units, a separate computation will be made of the Partner’s
Economic Capital Account Balance with respect to the Partner’s LTIP Units as a sub-account of the Partner’s Capital
Account.

 

“Capital Account
Limitation” has the meaning set forth in Section 15.9(b).

 

“Capital Contribution”
means, with respect to any Partner, the amount of money and the Gross Asset Value of any property (other than money) contributed
or deemed contributed by such Partner to the Partnership, after reduction for any liabilities to which such property is subject
or which the Partnership assumes with respect to such property.

 

“Cash Amount”
means, with respect to a Tendering Partner, an amount of cash equal to the product of (A) the Value of a REIT Share and (B) such
Tendering Partner’s REIT Shares Amount determined as of the date of receipt by the General Partner of such Tendering Partner’s

 

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Notice of Redemption
or, if such date is not a Business Day, the immediately preceding Business Day.

 

“Certificate”
has the meaning set forth in the Recitals.

 

“Charter”
means the Articles of Amendment and Restatement of Omega REIT, as amended or supplemented from time to time.

 

“Code”
means the Internal Revenue Code of 1986, as amended from time to time, or any successor statute thereto, as interpreted by the
applicable Regulations thereunder. Any reference herein to a specific section or sections of the Code shall be deemed to include
a reference to any corresponding provision of future law.

 

“Common Unit
Economic Balance” means the quotient of (a) the aggregate Capital Account balance attributable to the Common Units
plus the amount of Partner Minimum Gain or Partnership Minimum Gain, in either case, to the extent attributable to the ownership
of Common Units and computed on a hypothetical basis after taking into account all allocations through the date on which any allocation
is made under Section 6.2(a), divided by (b) the number of Common Units outstanding.

 

“Common Units”
means, collectively, the GP Units and the LP Units.

 

“Consent”
means the consent to, approval of or vote in favor of a proposed action by a Partner given in accordance with Article 14.

 

“Constituent
Person” has the meaning set forth in Section 15.9(f).

 

“Conversion
Date” has the meaning set forth in Section 15.9(b).

 

“Conversion
Notice” has the meaning set forth in Section 15.9(b).

 

“Conversion
Right” has the meaning set forth in Section 15.9(a).

 

“Debt”
of any Person means, without duplication: (i) the principal, accreted value, accrued and unpaid interest, accrued and unpaid prepayment
and redemption premiums or penalties (if any), unpaid fees or expenses and other monetary obligations in respect of (A) indebtedness
of such Person for money borrowed and (B) indebtedness evidenced by notes, debentures, bonds or other similar instruments for the
payment of which such Person is responsible or liable; (ii) all obligations of such Person issued or assumed as the deferred purchase
price of property, all earned but unpaid earn-out payments (to the extent the applicable payment obligations remain outstanding),
all conditional sale obligations of such Person and all obligations of such Person under any title retention agreement (but excluding
trade accounts payable and other accrued current liabilities arising in the ordinary course of business of such Person consistent
with past practice (other than the current liability portion of any indebtedness for borrowed money)); (iii) all obligations of
such Person under leases required to be capitalized in accordance with GAAP; (iv) all obligations of such Person for the reimbursement
of any obligor on any letter of credit, banker’s acceptance or similar credit transaction; (v) all indemnification obligations
incurred under any property transition or other similar agreement;

 

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(vi) all obligations
of such Person under any interest rate, collar or swap, or other contract, any currency swap, or agreement relating to a forward,
swap, or other hedging transaction of any type, whether or not for bona fide hedging purposes, (valued at the termination value
thereof); (vii) the liquidation value, accrued and unpaid dividends, prepayment or redemption premiums and penalties (if any),
unpaid fees or expenses and other monetary obligations in respect of any redeemable preferred equity interests of such Person;
(viii) all obligations of the type referred to in clauses (i) through (vii) of any Persons for the payment of which such Person
is responsible or liable, directly or indirectly, as obligor, guarantor, surety or otherwise, including guarantees of such obligations;
and (ix) all obligations of the type referred to in clauses (i) through (viii) of other Persons secured by (or for which the holder
of such obligations has an existing right, contingent or otherwise, to be secured by) any lien on any property or asset of such
Person (whether or not such obligation is assumed by such Person).

 

“Debt Transaction
Costs” has the meaning set forth in Section 4.5(d).

 

“Depreciation”
means, for each Partnership Year or other period, an amount equal to the depreciation, amortization or other cost recovery deduction
allowable for U.S. federal income tax purposes with respect to an asset for such Partnership Year or other period, except that
(a) with respect to any asset the Gross Asset Value of which differs from its adjusted tax basis for U.S. federal income tax purposes
at the beginning of such Partnership Year and which difference is being eliminated by use of the “remedial method”
as defined by Regulations Section 1.704-3(d), Depreciation for such Partnership Year shall be the amount of book basis recovered
for such Partnership Year under the rules prescribed by Regulations Section 1.704-3(d)(2), and (b) with respect to any other asset
the Gross Asset Value of which differs from its adjusted tax basis for U.S. federal income tax purpose at the beginning of such
Partnership Year, Depreciation shall be an amount which bears the same ratio to such beginning Gross Asset Value as the U.S. federal
income tax depreciation, amortization, or other cost recovery deduction for such Partnership Year bears to such beginning adjusted
tax basis; provided, however, that, in the case of clause (b) above, if the U.S. federal income tax depreciation,
amortization or other cost recovery deduction for such Partnership Year is zero, Depreciation shall be determined with reference
to such beginning Gross Asset Value using any reasonable method selected by the General Partner.

 

“Distributed
Right” has meaning set forth in the definition of “Adjustment Factor.”

 

“Earned LTIP
Units” has the meaning set forth in Section 15.2(a).

 

“Earned Unvested
LTIP Units” has the meaning set forth in Section 15.2(a).

 

“Economic
Capital Account Balance” means, with respect to a Holder of LTIP Units, its (a) Capital Account balance plus (b)
the amount of its share of any Partner Minimum Gain or Partnership Minimum Gain, in either case to the extent attributable to its
ownership of LTIP Units.

 

“Effective
Date” means April 1, 2015.

 

“Equity Incentive
Plan” means any equity incentive plan heretofore or hereafter adopted by the Partnership, Omega REIT or Subsidiaries
of the General Partner(s), including the Omega

 

    	8

    	 

    

  

Healthcare Investors,
Inc. 2013 Stock Incentive Plan, the Aviv REIT, Inc. 2013 Long Term Incentive Plan and the Aviv REIT, Inc. 2010 Management Incentive
Plan.

 

“Equity Share
Ownership Limit” means the applicable restriction or restrictions on ownership of capital stock of Omega REIT imposed
under the Charter.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended.

 

“Excepted
Holder” has the meaning set forth in the Charter.

 

“Excepted
Holder Limit” has the meaning set forth in the Charter.

 

“Exchange”
has the meaning set forth in the Recitals.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended.

 

“Existing
Agreement” has the meaning set forth in the Recitals.

 

“Fair Market
Value” means, when applied to any property or other consideration, the fair market value of such property or other consideration,
as reasonably determined by the General Partner.

 

“Forced Conversion”
has the meaning set forth in Section 15.9(c).

 

“Forced Conversion
Notice” has the meaning set forth in Section 15.9(c).

 

“Former Aviv
LPs” has the meaning set forth in Section 6.2(c).

 

“GAAP”
means generally accepted accounting principles in the United States.

 

“General Partner”
means a Person identified as General Partner on Exhibit A, or any successor general partner of the Partnership or Additional
General Partner, in its capacity as a general partner of the Partnership.

 

“General Partner
Interest” means the Partnership Interest held by a General Partner, which Partnership Interest is an interest as a general
partner under the Act. A General Partner Interest shall be expressed as a number of GP Units and shall have the rights and privileges
attributed to a General Partner as specified in this Agreement.

 

“GP Unit”
means a Unit of Interest, other than an LTIP Unit or an LP Unit, which, when expressed as a number, represents a fractional share
of a General Partner’s rights as measured against the Units of Interest of all Partners issued pursuant to Article 4.

 

“Gross Asset
Value” means, with respect to any asset, the asset’s adjusted basis for federal income tax purposes, except as
follows:

 

(a)          The
initial Gross Asset Value of any asset contributed or deemed contributed by a Partner to the Partnership shall be the Fair Market
Value of such asset.

 

    	9

    	 

    

  

(b)          The
General Partner may make an election to adjust the Gross Asset Values of all Partnership property to reflect their respective Fair
Market Values, as of the times listed below:

 

(i)          immediately
prior to the acquisition of additional Units in the Partnership by a new or existing Partner in exchange for more than a de minimis
Capital Contribution, if the General Partner determines that such adjustment is necessary or appropriate to reflect the relative
economic interests of the Partners in the Partnership;

 

(ii)         immediately
prior to the distribution by the Partnership to a Partner of more than a de minimis amount of Partnership property as consideration
for an interest in the Partnership if the General Partner determines that such adjustment is necessary or appropriate to reflect
the relative economic interests of the Partner in the Partnership;

 

(iii)        immediately
prior to the liquidation of the Partnership within the meaning of Regulations Section 1.704-1(b)(2)(ii)(g);

 

(iv)        immediately
prior to the grant of Units in the Partnership (other than a de minimis interest) as consideration for the provision of services
to or for the benefit of the Partnership by an existing Partner acting in a partner capacity, or by a new Partner acting in a partner
capacity or in anticipation of becoming a Partner of the Partnership (including the grant of an LTIP Unit), if the General Partner
reasonably determines that such adjustment is necessary or appropriate to reflect the relative economic interests of the Partners
in the Partnership; and

 

(v)         at
such other times as the General Partner determines are necessary or advisable, including in order to comply with Regulations Sections
1.704-1(b) and
1.704-2.

 

(c)          The
Gross Asset Value of any Partnership property distributed to a Partner shall be adjusted to equal the Fair Market Value of such
asset on the date of distribution.

 

(d)          The
Gross Asset Values of Partnership property shall be increased (or decreased) to reflect any adjustments to the adjusted basis of
such property pursuant to Code Section 734(b) or Code Section 743(b), but only to the extent that such adjustments are taken into
account in determining Capital Accounts pursuant to Regulations Section 1.704-1(b)(2)(iv)(m); provided that Gross Asset
Values shall not be adjusted pursuant to this subparagraph (d) to the extent that the General Partner determines to make an adjustment
pursuant to subparagraph (b) as necessary or appropriate in connection with a transaction that would otherwise result in an adjustment
pursuant to this subparagraph (d).

 

(e)          If
the Gross Asset Value of any Partnership property has been determined or adjusted pursuant to subparagraph (a), (b) or (d), such
Gross Asset Value shall thereafter be adjusted by the Depreciation taken into account with respect to such property for purposes
of computing Net Income and Net Losses.

 

(f)           If
any unvested LTIP Units are forfeited, as described in Section 15.2(b), upon such forfeiture, the Gross Asset Value of the
Partnership’s assets shall be reduced by the amount

 

    	10

    	 

    

  

of any reduction of such
Partner’s Capital Account attributable to the forfeiture of such LTIP Units.

 

“Gross Receipts”
means all cash received by the Partnership from any source, including rents and interest and repayment of loans made by the Partnership
and Capital Contributions, but excluding tenant security deposits and proceeds from any sale, disposition or financing of assets.

 

“Holder”
means either (a) a Partner or (b) an Assignee, owning a Unit, that is treated as a partner of the Partnership for federal income
tax purposes.

 

“Incapacity”
or “Incapacitated” means: (i) as to any individual who is a Partner, death, total physical disability or entry
by a court of competent jurisdiction adjudicating him or her incompetent to manage his or her Person or his or her estate (unless
and until such time as such adjudication of incompetence is reversed or revoked); (ii) as to any corporation or limited liability
company which is a Partner, the filing of a certificate of dissolution, or its equivalent, for the corporation or limited liability
company, as the case may be, or the revocation of its charter; (iii) as to any partnership which is a Partner, the dissolution
and commencement of winding up of the partnership; (iv) as to any estate which is a Partner, the distribution by the fiduciary
of the estate’s entire interest in the Partnership; and (v) as to any trustee of a trust which is a Partner, the termination
of the trust (but not the substitution of a new trustee).

 

“Indemnification
Obligation” means any indemnification obligation owed by the Partnership to the General Partners or their Affiliates
pursuant to Section 7.6, which shall be paid (i) in cash or (ii) by the issuance of LP Units having an aggregate value equal
to the amount of such Indemnification Obligation, in each case, in accordance with the terms of this Agreement.

 

“Indemnitee”
means (i) any Person made a party to an action, suit or proceeding or claiming any loss, damage, liability, expense or other amount
by reason of his, her or its status as (A) a General Partner, a former General Partner or any Person engaged or formerly engaged
to provide management services to the Partnership or its Affiliates or (B) a director, officer, employee, agent, trustee or Affiliate
of the Partnership, a General Partner, a former General Partner or any Person engaged or formerly engaged to provide management
services to the Partnership or its Affiliates, (ii) any Person who is or was serving at the request of a General Partner or a former
General Partner or any Affiliate thereof as a director, officer, employee, agent or trustee of another Person and (iii) such other
Persons (including Affiliates of the Partnership or any General Partner) as the General Partner may designate from time to time,
in its sole and absolute discretion.

 

“IRS”
means the United States Internal Revenue Service or any successor agency.

 

“Limited Partner”
means any Person holding LP Units or LTIP Units as set forth in Exhibit A attached hereto, as such Exhibit A may
be amended from time to time, or any Substituted Limited Partner or Additional Limited Partner, in such Person’s capacity
as a Limited Partner in the Partnership. For the avoidance of doubt, a General Partner may also be a Limited Partner and will have
the rights and powers, and will be subject to the restrictions and liabilities, of a Limited Partner to the extent of its LP Units.

  

    	11

    	 

    

  

“Limited Partner
Interest” means a Partnership Interest of a Limited Partner in the Partnership representing a fractional part of the
Partnership Interests of all Limited Partners and includes any and all benefits to which the holder of such a Partnership Interest
may be entitled as provided in this Agreement, together with all obligations of such Person to comply with the terms and provisions
of this Agreement. A Limited Partner Interest shall be expressed as a number of LP Units.

 

“Liquidating
Event” has the meaning set forth in Section 13.1.

 

“Liquidating
Gains” means any net gain realized in connection with the actual or hypothetical sale of all or substantially all of
the assets of the Partnership (including upon the occurrence of any Liquidating Event or Terminating Capital Transaction), including
but not limited to net gain realized in connection with an adjustment to the Gross Asset Value of Partnership assets under the
definition of Gross Asset Value in Section 1.1 of this Agreement.

 

“Liquidator”
has the meaning set forth in Section 13.2(a).

 

“Loan Documents”
means the loan agreements, indentures and other ancillary documents evidencing, securing, guaranteeing, or otherwise associated
with the Debt of a General Partner or the Partnership, or any of their respective Subsidiaries, from time to time.

 

“LP Unit”
means a Unit of Interest, other than an LTIP Unit or a GP Unit, which, when expressed as a number, represents a fractional share
of a Limited Partner’s rights as measured against the Units of Interest of all Partners issued pursuant to Article 4.

 

“LTIP Unit
Distribution Participation Date” has the meaning set forth in Section 15.4(a).

 

“LTIP Units”
means the Units designated as such having the rights, powers, privileges, restrictions, qualifications and limitations set forth
herein and in the Equity Incentive Plan or any Vesting Agreement relating thereto. LTIP Units can be issued in one or more classes,
or one or more series of any class bearing such relationship to one another as to allocations, distributions, and other rights
as the General Partner shall determine in its sole and absolute discretion subject to Delaware law.

 

“Majority
in Interest of the Outside Limited Partners” means Limited Partners (excluding for this purpose any Limited Partner Interests
held by (i) a General Partner or its Subsidiaries, (ii) any Person of which a General Partner or its Subsidiaries directly or indirectly
owns or controls more than fifty percent (50%) of the voting interests and (iii) any Person directly or indirectly owning or controlling
more than fifty percent (50%) of the outstanding interests of a General Partner) holding more than fifty percent (50%) of the outstanding
Units held by all Limited Partners who are not excluded for the purposes hereof.

 

“Market Price”
has the meaning set forth in the definition of “Value.”

 

“Merger”
has the meaning set forth in the Recitals.

 

“Merger Agreement”
has the meaning set forth in the Recitals.

 

    	12

    	 

    

  

“Net Income”
or “Net Loss” means, for each Partnership Year, an amount equal to the Partnership’s taxable income or
loss for such Partnership Year, determined in accordance with Code Section 703(a) (for this purpose, all items of income, gain,
loss or deduction required to be stated separately pursuant to Code Section 703(a)(1) shall be included in taxable income or loss),
with the following adjustments:

 

(a)          Any
income of the Partnership that is exempt from federal income tax and not otherwise taken into account in computing Net Income or
Net Loss pursuant to this definition of “Net Income” or “Net Loss” shall be added to such taxable income
or loss;

 

(b)          Any
expenditures of the Partnership described in Code Section 705(a)(2)(B) or treated as Code Section 705(a)(2)(B) expenditures pursuant
to Regulations Section 1.704-1(b)(2)(iv)(i), and not otherwise taken into account in computing Net Income or Net Loss pursuant
to this definition of “Net Income” or “Net Loss,” shall be subtracted from such taxable income or loss;

 

(c)          In
the event the Gross Asset Value of any Partnership property is adjusted pursuant to subparagraph (b) or subparagraph (c) of the
definition of “Gross Asset Value,” the amount of such adjustment shall be taken into account as gain or loss from the
disposition of such asset for purposes of computing Net Income or Net Loss;

 

(d)          Gain
or loss resulting from any disposition of property with respect to which gain or loss is recognized for federal income tax purposes
shall be computed by reference to the Gross Asset Value of the property disposed of, notwithstanding that the adjusted tax basis
of such property differs from its Gross Asset Value;

 

(e)          In
lieu of the depreciation, amortization and other cost recovery deductions taken into account in computing such taxable income or
loss, there shall be taken into account Depreciation for such Partnership Year;

 

(f)           To
the extent an adjustment to the adjusted tax basis of any Partnership property pursuant to Code Section 734(b) or Code Section
743(b) is required pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(4) to be taken into account in determining Capital Accounts
as a result of a distribution other than in liquidation of a Partnership Interest, the amount of such adjustment shall be treated
as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases the basis of the asset)
from the disposition of the asset and shall be taken into account for purposes of computing Net Income or Net Loss; and

 

(g)          Notwithstanding
any other provision of this definition of “Net Income” or “Net Loss,” any items of income, gain, loss or
deduction which are specially allocated pursuant to Article 6 shall not be taken
into account in computing Net Income or Net Loss. The amounts of the items of Partnership income, gain, loss or deduction available
to be specially allocated pursuant to Article 6 shall be determined by applying rules
analogous to those set forth in this definition of “Net Income” or “Net Loss.”

 

“New Debt
Obligation” has the meaning set forth in Section 4.5(d).

 

    	13

    	 

    

  

“Nonrecourse
Deductions” has the meaning set forth in Regulations Section 1.704-2(b)(1), and the amount of Nonrecourse Deductions
for a Partnership Year shall be determined in accordance with the rules of Regulations Section 1.704-2(c).

 

“Nonrecourse
Liability” has the meaning set forth in Regulations Section 1.752-1(a)(2).

 

“Notice of
Redemption” means the Notice of Redemption substantially in the form of Exhibit B attached hereto.

 

“Officer”
has the meaning set forth in Section 7.1(c).

 

“Omega Contribution”
has the meaning set forth in the Recitals.

 

“Omega Contribution
Agreement” has the meaning set forth in the Recitals.

 

“Omega Holdco”
has the meaning set forth in the introductory paragraph.

 

“Omega REIT”
has the meaning set forth in the introductory paragraph.

 

“Original
Agreement” has the meaning set forth in the Recitals.

 

“Participating
Facility” means any facility, the ownership interest of which is directly or indirectly owned or leased in full or in
part by the Partnership.

 

“Partner”
means a General Partner or a Limited Partner, and “Partners” means the General Partners and the Limited Partners,
collectively.

 

“Partner Minimum
Gain” means an amount, with respect to each Partner Nonrecourse Debt, equal to the Partnership Minimum Gain that would
result if such Partner Nonrecourse Debt were treated as a Nonrecourse Liability, determined in accordance with Regulations Section 1.704-2
(i)(3).

 

“Partner Nonrecourse
Debt” has the meaning set forth in Regulations Section 1.704-2(b)(4).

 

“Partner Nonrecourse
Deductions” has the meaning set forth in Regulations Section 1.704-2(i)(2), and the amount of Partner Nonrecourse Deductions
with respect to a Partner Nonrecourse Debt for a Partnership Year shall be determined in accordance with the rules of Regulations
Section 1.704-2(i)(2).

 

“Partnership”
means OHI Healthcare Properties Limited Partnership, a Delaware limited partnership, and any successor thereto.

 

“Partnership
Assets” means any and all such interests (direct or indirect) in personal property and real property, including equity
interests in other entities, interests in joint ventures, fee interests, interests in ground leases, interests in mortgages and
Debt instruments, that the Partnership may hold from time to time.

 

    	14

    	 

    

  

“Partnership
Interest” means a Partner’s ownership interest in the Partnership including any and all benefits to which the holder
of such Partnership Interest may be entitled as provided in this Agreement, together with all obligations of such Partner to comply
with the terms and provisions of this Agreement. A Partnership Interest shall be expressed as a number of Units.

 

“Partnership
Minimum Gain” has the meaning given such term in Regulations Section 1.704-2(b)(2), and the amount of Partnership
Minimum Gain, as well as any net increase or decrease in Partnership Minimum Gain, for any Partnership Year shall be determined
in accordance with the rules of Regulations Section 1.704-2(d).

 

“Partnership
Record Date” means a record date established by the General Partner for the distribution of Available Cash pursuant to
Section 5.1, which record date shall generally be the same as the record date established by Omega REIT for a distribution
to its stockholders of some or all of its portion of such distribution received directly or indirectly from the Partnership.

 

“Partnership
Year” has the meaning set forth in Section 9.2.

 

“Percentage
Interest” means, as to a Partner, the percentage determined by dividing the Units owned by such Partner by the total
number of Units then outstanding as specified in Exhibit A attached hereto, as such Exhibit may be amended from time to
time. If the Partnership issues additional classes or series of Partnership Interests other than as contemplated herein, the interest
in the Partnership among the classes or series of Partnership Interests shall be determined as set forth in an amendment to this
Agreement setting forth the rights and privileges of such additional classes or series of Partnership Interests, if any, as contemplated
by Section 4.4. For purposes of computing the Percentage Interest of a Holder of Units in connection with any determination
required to be made under this Agreement, the total number of LTIP Units then outstanding shall be included in such computations
or such fractional portion of each LTIP Unit as may be specified in this Agreement or any operative document governing the provisions
of the Equity Incentive Plan pursuant to which an award of LTIP Units is made.

 

“Person”
means an individual or a corporation, limited liability company, partnership, trust, unincorporated organization, association or
other entity.

 

“Principal
General Partner” means the General Partner designated as such on Exhibit A.

 

“Proposed
Section 83 Safe Harbor Regulations” has the meaning set forth in Section 15.11.

 

“PTP
Safe Harbors” has the meaning set forth in Section 11.6(e).

 

“Publicly
Traded” means listed or admitted to trading on the New York Stock Exchange, the NASDAQ Stock Market or another national
securities exchange, or any successor to the foregoing.

 

“Qualified
REIT Subsidiary” means a qualified REIT Subsidiary of Omega REIT within the meaning of Code Section 856(i)(2).

 

    	15

    	 

    

  

“Qualified
Transferee” means an “Accredited Investor” as defined in Rule 501 promulgated under the Securities Act.

 

“Qualifying
Party” means (a) a Limited Partner set forth on Exhibit A attached hereto, (b) an Additional Limited Partner or
(c) a Substituted Limited Partner succeeding to all or part of the Limited Partner Interest of (i) a Limited Partner set forth
on Exhibit A attached hereto or (ii) an Additional Limited Partner.

 

“Redemption”
has the meaning set forth in Section 8.6(a).

 

“Regulations”
means the Income Tax Regulations promulgated under the Code, as such regulations may be amended from time to time (including corresponding
provisions of succeeding regulations).

 

“Regulatory
Allocations” has the meaning set forth in Section 6.2(b)(vii).

 

“REIT”
means a real estate investment trust qualifying under Code Section 856.

 

“REIT Payment”
has the meaning set forth in Section 16.11.

 

“REIT Requirements”
has the meaning set forth in Section 5.1(c).

 

“REIT Share”
means a share of Omega REIT’s common stock, par value $0.10 per share.

 

“REIT Shares
Amount” means a number of REIT Shares equal to the product of (a) the number of Tendered Units and (b) the Adjustment
Factor in effect on the Specified Redemption Date with respect to such Tendered Units; provided, however, that in
the event that Omega REIT issues to all holders of REIT Shares as of a certain record date rights, options, warrants or convertible
or exchangeable securities entitling Omega REIT’s stockholders to subscribe for or purchase REIT Shares, or any other securities
or property (collectively, the “Rights”), with the record date for such Rights issuance falling within the period
starting on the date of the Notice of Redemption and ending on the day immediately preceding the Specified Redemption Date, which
Rights will not be distributed before the relevant Specified Redemption Date, then the REIT Shares Amount shall also include such
Rights that a holder of that number of REIT Shares would be entitled to receive, expressed, where relevant hereunder, in a number
of REIT Shares determined by the General Partner in good faith.

 

“Rights”
has the meaning set forth in the definition of “REIT Shares Amount.”

 

“Section 83
Safe Harbor” has the meaning set forth in Section 15.11.

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations of the Securities and Exchange Commission
promulgated thereunder.

 

“Service Provider”
has the meaning set forth in Section 4.6.

 

    	16

    	 

    

  

“Specified
Redemption Date” means the tenth (10th) Business Day following receipt by the General Partner of a Notice
of Redemption; provided that if the REIT Shares are not Publicly Traded, the Specified Redemption Date means the thirtieth
(30th) Business Day following receipt by the General Partner of a Notice of Redemption.

 

“Subsidiary”
means, with respect to any Person, (a) any corporation of which an aggregate of more than fifty percent (50%) of the outstanding
stock having ordinary voting power to elect a majority of the board of directors of such corporation (irrespective of whether,
at the time, stock of any other class or classes of such corporation shall have or might have voting power by reason of the happening
of any contingency) is at the time, directly or indirectly, owned legally or beneficially by such Person and/or one or more Subsidiaries
of such Person and (b) any partnership, limited liability company or other entity in which such Person and/or one or more Subsidiaries
of such Person shall have, directly or indirectly, an interest (whether in the form of voting or participation in profits or capital
contribution) of more than fifty percent (50%).

 

“Substituted
Limited Partner” means a Person who is admitted to the Partnership as a Limited Partner pursuant to Section 11.4.

 

“Survivor”
has the meaning set forth in Section 11.2(b)(iii).

 

“Tax Items”
has the meaning set forth in Section 6.3(a).

 

“Tendered
Units” has the meaning set forth in Section 8.6(a).

 

“Tendering
Partner” has the meaning set forth in Section 8.6(a).

 

“Terminating
Capital Transaction” means any sale or other disposition of all or substantially all of the assets of the Partnership
or a related series of transactions that, taken together, result in the sale or other disposition of all or substantially all of
the assets of the Partnership.

 

“Transaction”
has the meaning set forth in Section 11.2(b).

 

“Transfer”
or “Transferred” means, as a noun, any voluntary or involuntary transfer, exchange, sale, pledge, hypothecation,
gift (outright or in trust) or other disposition or encumbrance and, as a verb, voluntarily or involuntarily to transfer, exchange,
sell, pledge, hypothecate, gift (outright or in trust) or otherwise dispose of or encumber; provided, however, that
when the term is used in Article 11, “Transfer” does not include any Redemption of Units by the Partnership
or a General Partner, or acquisition of Tendered Units by a General Partner, pursuant to Section 8.6.

 

“Unearned
LTIP Units” has the meaning set forth in Section 15.2.

 

“Unit”
means a fractional share of a Partnership Interest of a Partner, also referred to as “Unit of Interest.” The
Partnership shall have three types of “Units” or “Units of Interest”— “GP,”
“LP,” and “LTIP”— issued pursuant to Article 4; provided, however, that the
General Partner Interests, the Limited Partner Interests and LTIP Interests shall have the differences in

 

    	17

    	 

    

  

rights and privileges
as specified in this Agreement or, in the case of an LTIP Unit, as specified in an Equity Incentive Plan or any Vesting Agreement
relating thereto.

 

“Unvested
LTIP Units” has the meaning set forth in Section 15.2(a).

 

“Value”
means, on any date of determination with respect to a REIT Share, the average of the daily Market Prices for ten (10) consecutive
trading days immediately preceding the date of determination except that, as provided in Section 4.6(b), the Market Price
for the trading day immediately preceding the date of exercise of a stock option under any Equity Incentive Plan shall be substituted
for such average of daily market prices for purposes of Section 4.6; provided, however, that for purposes
of Section 8.6, the “date of determination” shall be the date of receipt by the General Partner of a Notice
of Redemption or, if such date is not a Business Day, the immediately preceding Business Day. The term “Market Price”
on any date shall mean: (i) if the REIT Shares are listed or admitted to trading on the New York Stock Exchange or another stock
exchange, the last sale price for a REIT Share, regular way, on such date or, in case no such sale takes place on such date, the
average of the closing bid and asked prices for a REIT Share, regular way, on such date, in each case as reported by the New York
Stock Exchange or such other stock exchange on which the REIT Shares are listed or admitted to trading; (ii) if the REIT Shares
are not listed or admitted to trading on the New York Stock Exchange or another stock exchange, the last reported sale price on
such date or, if no sale takes place on such date, the average of the closing bid and asked prices for a REIT Share on such date
or, if no such last reported sale price or closing bid and asked prices are available, the average of the reported high bid and
low asked prices on such date, in each case as reported by a reliable quotation source selected by the General Partner; or (iii)
in the event that no trading price is available for REIT Shares, the fair market value of a REIT Share, as determined in good faith
by the Board of Directors of Omega REIT.

 

“Vested LTIP
Units” has the meaning set forth in Section 15.2(a).

 

“Vesting Agreement”
has the meaning set forth in Section 15.2(a).

 

Article
2

ORGANIZATIONAL MATTERS

 

Section
2.1.         Organization.   The Partnership is
a limited partnership formed pursuant to the provisions of the Act and upon the terms and conditions set forth in this Agreement.
Except as expressly provided herein, the rights and obligations of the Partners and the administration and termination of the Partnership
shall be governed by the Act. The Partnership Interests of each Partner shall be personal property for all purposes.

 

Section
2.2.         Name.   The name of the Partnership
is “OHI Healthcare Properties Limited Partnership.” The Partnership’s business may be conducted under any other
name or names deemed advisable by the General Partner, including in the name of a General Partner or any Affiliate thereof. The
words “Limited Partnership,” “L.P.,” “Ltd.” or similar words or letters shall be included in
the Partnership’s name where necessary for the purposes of complying with the laws of any jurisdiction that so requires.
The General Partner in its sole and absolute discretion may change the name of the Partnership at any time and from time to time
and shall

 

    	18

    	 

    

 

notify the Limited Partners
of such change in the next regular communication to the Limited Partners.

 

Section
2.3.         Registered Office and Agent; Principal Office.  The
address of the registered office of the Partnership in the State of Delaware is located at Corporation Service Company, 2711 Centerville
Road, Wilmington, Delaware 19808, and the registered agent for service of process on the Partnership in the State of Delaware at
such registered office is Corporation Service Company. The principal office of the Partnership is located at 200 International
Circle, Suite 3500, Hunt Valley, Maryland 21030 or such other place as the General Partner may from time to time designate by notice
to the Limited Partners. The Partnership may maintain offices at such other place or places within or outside the State of Delaware
as the General Partner deems advisable.

 

Section
2.4.         Power of Attorney.

 

(a)          Each
Limited Partner and each Assignee constitutes and appoints the General Partner and any Liquidator (and any successor to any thereof
by merger, transfer, assignment, election or otherwise) and each of the authorized officers and attorneys-in-fact of each of the
foregoing, and each of those acting singly, in each case, with full power of substitution, as its true and lawful agent and attorney-in-fact,
with full power and authority in its name, place and stead to:

 

(i)          execute,
swear to, acknowledge, deliver, file and record in the appropriate public offices: (A) all certificates, documents and other instruments
(including this Agreement and the Certificate and all amendments or restatements thereof) that the General Partner or any Liquidator,
as applicable, deems appropriate or necessary to form, qualify or continue the existence or qualification of the Partnership as
a limited partnership (or a partnership in which the limited partners have limited liability) in the State of Delaware and in all
other jurisdictions in which the Partnership may conduct business or own property; (B) all instruments that the General Partner
or any Liquidator, as applicable, deems appropriate or necessary to reflect any amendment, change, modification or restatement
of this Agreement made in accordance with the terms of this Agreement; (C) all conveyances and other instruments or documents that
the General Partner or any Liquidator, as applicable, deems appropriate or necessary to reflect the dissolution and liquidation
of the Partnership pursuant to the terms of this Agreement, including a certificate of cancellation; (D) all instruments relating
to the admission, withdrawal, removal or substitution of any Partner pursuant to, or other events described in, Article
11, Article 12 or Article 13
or the Capital Contribution of any Partner; and (E) all certificates, documents and other instruments relating to the determination
of the rights, preferences and privileges of Units, including any class of Units issued pursuant to Article 4; and

 

(ii)         execute,
swear to, acknowledge and file all ballots, consents, approvals, waivers, certificates and other instruments appropriate or necessary,
in the sole and absolute discretion of the General Partner or any Liquidator, as applicable, to make, evidence, give, confirm or
ratify any vote, consent, approval, agreement or other action which is made or given by the Partners hereunder or is consistent
with the terms of this

 

    	19

    	 

    

 

Agreement or
appropriate or necessary, in the sole and absolute discretion of the General Partner or any Liquidator, as applicable, to effectuate
the terms or intent of this Agreement.

 

Nothing contained in
this Section 2.4 shall be construed as authorizing a General Partner or any Liquidator, as applicable, to amend this Agreement
except in accordance with Article 14 or as may be otherwise expressly provided for in this Agreement.

 

(b)          The
foregoing power of attorney is hereby declared to be irrevocable and a power coupled with an interest, in recognition of the fact
that each of the Partners will be relying upon the power of the General Partner and any Liquidator, as applicable, to act as contemplated
by this Agreement in any filing or other action by it on behalf of the Partnership, and it shall survive and not be affected by
the subsequent Incapacity or bankruptcy of any Limited Partner or Assignee or the Transfer of all or any portion of such Limited
Partner’s or Assignee’s Units or Partnership Interests and shall extend to such Limited Partner’s or Assignee’s
heirs, successors, assigns and personal representatives. Each such Limited Partner or Assignee hereby agrees to be bound by any
representation made by the General Partner or any Liquidator, as applicable, acting in good faith pursuant to such power of attorney;
and each such Limited Partner or Assignee hereby waives any and all defenses which may be available to it to contest, negate or
disaffirm the action of the General Partner or any Liquidator, as applicable, taken in good faith under such power of attorney.
Each Limited Partner or Assignee shall execute and deliver to the General Partner or any Liquidator, as applicable, within fifteen
(15) days after receipt of the General Partner’s or Liquidator’s, as applicable, request therefor, such further designation,
powers of attorney and other instruments as the General Partner or the Liquidator, as the case may be, deems necessary to effectuate
this Agreement and the purposes of the Partnership.

 

Section
2.5.         Term.  The term of the Partnership commenced
on the filing of the Certificate with the Secretary of State of the State of Delaware and the Partnership shall continue in existence
until the termination of the Partnership in accordance with the provisions of Article 13.

 

Article
3

PURPOSE

 

Section
3.1.         Purpose and Business.  The purpose and
nature of the business to be conducted by the Partnership shall be: (a) to hold general partner interests, limited partner interests,
limited liability company interests or other equity interests in, and to serve as general partner or manager of, or such other
positions that control the operations of, any Subsidiary and, in connection therewith, to exercise all of the rights and powers
conferred upon the Partnership as a general partner, manager or other position of control of each such Subsidiary pursuant to the
partnership, operating or other agreement pursuant to which such Subsidiary is owned and operated or otherwise; (b) to conduct
any business that may be lawfully conducted by a limited partnership organized pursuant to the Act; (c) to enter into any other
partnership, joint venture or other similar arrangement to engage in any of the foregoing or to own interests, directly or indirectly,
in any entity engaged, directly or indirectly, in any of the foregoing; and (d) to do anything necessary or incidental to the foregoing;
provided, however, such business and arrangements and interests shall be limited to and conducted in such a manner,
in the General

 

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Partner’s sole
and absolute discretion, so as to permit Omega REIT at all times to be classified as a REIT, unless Omega REIT, in accordance with
its Charter and Bylaws, in its sole and absolute discretion has chosen to cease to qualify as a REIT or has chosen not to attempt
to qualify as a REIT for any reason or reasons whether or not related to the business conducted by the Partnership. Without limiting
the generality of the foregoing, the Partners acknowledge that the status of Omega REIT as a REIT inures to the benefit of all
Partners and not solely to Omega REIT or its Affiliates.

 

Section
3.2.         Powers.

 

(a)          The
Partnership is empowered to do any and all acts and things necessary, appropriate, proper, advisable, incidental to or convenient
for the furtherance and accomplishment of the purposes and business described herein and for the protection and benefit of the
Partnership, including full power and authority, directly or through its ownership interest in other entities, to enter into, perform
and carry out contracts of any kind, borrow money and issue evidences of Debt, whether or not secured by mortgage, deed of trust,
pledge or other lien, acquire and develop real property and personal property and lease, sell, transfer and dispose of real property
and personal property.

 

(b)          Notwithstanding
any other provision in this Agreement, the General Partner may cause the Partnership to take, or to refrain from taking, any action
that, in the judgment of the General Partner, in its sole
and absolute discretion, (i) could adversely affect the ability of Omega REIT to continue to qualify as a REIT, (ii) could
subject Omega REIT to any additional taxes under Code Sections 856 or 857, or Code Section 4981 or any other related or successor
provisions of the Code or (iii) could violate any law or regulation of any governmental body or agency having jurisdiction over
Omega REIT, its securities or the Partnership.

 

Section
3.3.         Partnership Only for Purposes Specified.  The
Partnership shall be a partnership only for tax purposes and the purposes specified in Section 3.1, and this Agreement
shall not be deemed to create a partnership among the Partners with respect to any activities whatsoever other than the activities
within such purposes. Except as otherwise expressly provided in this Agreement, no Limited Partner, in its capacity as such, shall
have any authority to act for, bind, commit or assume any obligation or responsibility on behalf of the Partnership, its properties
or any other Partner. No Partner, in its capacity as a Partner under this Agreement, shall be responsible or liable for any Debt
or obligation of another Partner, nor shall the Partnership be responsible or liable for any Debts or obligation of any Partner,
incurred either before or after the execution and delivery of this Agreement by such Partner, except as to those responsibilities,
liabilities, Debt or obligations incurred or assumed pursuant to and as limited by the terms of this Agreement and the Act.

 

Section
3.4.         Representations and Warranties by the Parties.

 

(a)          Each
Partner (including each Additional Limited Partner or Substituted Limited Partner as a condition to becoming an Additional Limited
Partner or a Substituted Limited Partner, respectively) that is an individual represents and warrants to the Partnership and to
each other Partner that (i) such Partner has the legal capacity to enter into this Agreement and perform such Partner’s obligations
hereunder, (ii) the consummation of the transactions contemplated by

 

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this Agreement will not
result in a breach or violation of, or a default under, any agreement by which such Partner or any of such Partner’s property
is bound, or any statute, regulation, order or other law to which such Partner is subject, (iii) subject to the last sentence
of this Section 3.4(a) such Partner is neither a “foreign person” within the meaning of Code Section 1445(f)
nor a “foreign partner” within the meaning of Code Section 1446(e), (iv) this
Agreement is binding upon, and enforceable against, such Partner in accordance with its terms (subject to applicable bankruptcy,
insolvency, fraudulent conveyance, reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally,
and subject, as to enforceability, to general principles of commercial reasonableness, good faith and fair dealing (regardless
of whether enforcement is sought in a proceeding at law or in equity)), (v) if such Partner is a Substituted Limited Partner or
an Additional Limited Partner but is not an Excepted Holder, such Partner does not own,
directly or indirectly, (A) 9.8% or more of the total combined voting power of all classes of stock entitled to vote, or 9.8% or
more of the total value of all classes of stock, of any corporation that is a tenant of (1) Omega REIT or any Qualified REIT Subsidiary,
(2) the Partnership or (3) any partnership, venture or limited liability company of which Omega REIT, any Qualified REIT Subsidiary
or the Partnership is a member or (B) an interest of 9.8% or more in the assets or net profits of any tenant of (1) Omega REIT
or any Qualified REIT Subsidiary, (2) the Partnership or (3) any partnership, venture or limited liability company of which Omega
REIT, any Qualified REIT Subsidiary or the Partnership is a member and (vi) if such Partner
is a Substituted Limited Partner or an Additional
Limited Partner and is an Excepted Holder, such Partner does
not own, directly or indirectly, REIT Shares in excess of his or her Excepted Holder Limit.
Notwithstanding anything contained herein to the contrary, in the event that the representation contained in the foregoing clause
(iii) would be inaccurate if given by a Partner, such Partner (x) shall not be required to make and shall not be deemed to have
made such representation if it delivers to the General Partner in connection with or prior to its execution of this Agreement written
notice that it may not truthfully make such representation, (y) hereby agrees that it is subject to, and hereby authorizes the
General Partner to withhold, all withholdings to which such a “foreign person” or “foreign partner,” as
applicable, is subject under the Code and (z) hereby agrees to cooperate fully with the General Partner with respect to such
withholdings, including by effecting the timely completion and delivery to the General Partner of all governmental forms required
in connection therewith.

 

(b)          Each
Partner (including each Additional Limited Partner or Substituted Limited Partner as a condition to becoming an Additional Limited
Partner or a Substituted Limited Partner, respectively) that is not an individual represents and warrants to the Partnership and
to each other Partner that (i) such Partner is duly organized under the laws of its state of formation, and has the requisite
power to execute and deliver this Agreement and perform its obligations hereunder, (ii) all transactions contemplated by this Agreement
to be performed by it have been duly authorized by all necessary corporate, limited liability company or partnership action, as
the case may be, including that of its general partner(s), members, committee(s), trustee(s), beneficiaries, directors and/or stockholder(s),
as the case may be, as required, (iii) the consummation of such transactions will not result in a breach or violation of, or a
default under, its partnership agreement, operating agreement, trust agreement, charter or by-laws or other organizational documents,
as the case may be, any agreement by which such Partner or any of such Partner’s property or any of its partners, beneficiaries,
trustees or stockholders, as the case may be, is or are bound, or any statute, regulation, order or other law to which such Partner
or any of its partners, trustees, beneficiaries or stockholders, as the case may be, is or are subject,

 

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(iv) subject to
the last sentence of this Section 3.4(b), such Partner is neither a “foreign person” within the meaning of Code
Section 1445(f) nor a “foreign partner” within the meaning of Code Section 1446(e), (v) this Agreement is binding upon,
and enforceable against, such Partner in accordance with its terms (subject to applicable bankruptcy, insolvency, fraudulent conveyance,
reorganization, moratorium and similar laws affecting creditors’ rights and remedies generally, and subject, as to enforceability,
to general principles of commercial reasonableness, good faith and fair dealing (regardless of whether enforcement is sought in
a proceeding at law or in equity)), (vi) if such Partner is a Substituted Limited Partner or an Additional Limited Partner but
is not an Excepted Holder, neither such Partner nor any of its beneficial owners owns, directly or indirectly, (A) 9.8%
or more of the total combined voting power of all classes of stock entitled to vote, or 9.8% or more of the total value of all
classes of stock, of any corporation that is a tenant of (1) Omega REIT or any Qualified REIT Subsidiary, (2) the Partnership or
(3) any partnership, venture or limited liability company of which Omega REIT, any Qualified REIT Subsidiary or the Partnership
is a member or (B) an interest of 9.8% or more in the assets or net profits of any tenant of (1) Omega REIT or any Qualified REIT
Subsidiary, (2) the Partnership or (3) any partnership, venture, or limited liability company of which Omega REIT, any Qualified
REIT Subsidiary or the Partnership is a member, and (vii) if such Partner is a Substituted Limited Partner or an Additional Limited
Partner and is an Excepted Holder, neither such Partner nor any of its beneficial owners owns, directly or indirectly, REIT Shares
in excess of its Excepted Holder Limit. Notwithstanding anything contained herein to the contrary, in the event that the representation
contained in the foregoing clause (iv) would be inaccurate if given by a Partner, such Partner (x) shall not be required to make
and shall not be deemed to have made such representation if it delivers to the General Partner in connection with or prior to its
execution of this Agreement written notice that it may not truthfully make such representation, (y) hereby agrees that it is subject
to, and hereby authorizes the General Partner to withhold, all withholdings to which such a “foreign person” or “foreign
partner,” as applicable, is subject under the Code and (z) hereby agrees to cooperate fully with the General Partner with
respect to such withholdings, including by effecting the timely completion and delivery to the General Partner of all governmental
forms required in connection therewith.

 

(c)          Each
Partner (including each Additional Limited Partner or Substituted Limited Partner as a condition to becoming an Additional Limited
Partner or Substituted Limited Partner, respectively) represents and warrants that it has acquired its interest in the Partnership
for its own account for investment purposes only and not for the purpose of, or with a view toward, the resale or distribution
of all or any part thereof, nor with a view toward selling or otherwise distributing such interest or any part thereof at any particular
time or under any predetermined circumstances in violation of securities law, except for the anticipated distribution of Units
to Qualified Transferees in connection with the liquidation and dissolution of Aviv LP. Each Partner further represents and warrants
that it is a sophisticated investor, able and accustomed to handling sophisticated financial matters for itself, particularly real
estate investments, and that it has a sufficiently high net worth that it does not anticipate a need for the funds it has invested
in the Partnership in what it understands to be a highly speculative and illiquid investment.

 

(d)          The
representations and warranties contained in Section 3.4(a), Section 3.4(b), and Section 3.4(c) shall survive
the execution and delivery of this Agreement by each Partner (and, in the case of an Additional Limited Partner or a Substituted
Limited Partner, the admission

 

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of such Additional Limited
Partner or Substituted Limited Partner as a Limited Partner in the Partnership) and the dissolution and winding up of the Partnership.

 

Article
4

CAPITAL CONTRIBUTIONS

 

Section
4.1.         Capital Contributions of the Partners.  Each
Partner has made (or shall be deemed to have made) a Capital Contribution to the Partnership and in exchange has been issued Units
in the respective amounts set forth for such Partner on Exhibit A, as the same may be amended from time to time by the General
Partner without the consent of any Limited Partner to the extent necessary to reflect accurately sales, exchanges, conversions
or other Transfers, redemptions, Capital Contributions, the issuance of additional Units or similar events having an effect on
a Partner’s ownership of Units. Except as required by law or as otherwise provided in Section 4.4 or Section 4.5,
no Partner shall be required to make any additional Capital Contributions or loans to the Partnership.

 

Section
4.2.         General Partner Interest.  The Partnership
shall have at least one (1), but may have more than one (1), General Partner.  The Partnership shall have only one (1) General
Partner designated as Principal General Partner.  Except as otherwise specifically stated herein or as the context may otherwise
require, the Principal General Partner, in its sole and absolute discretion and without the consent of the Limited Partners or
other General Partner(s), if any, shall have all of the powers and obligations granted to or imposed on the General Partner hereunder.
The action or inaction, as the case may be, of the Principal General Partner with respect to any of the powers or obligations granted
to or imposed on the General Partner hereunder shall be deemed an exercise of the powers and performance of the obligations generally
delegated to the General Partner hereunder. For purposes of clarity and not in limitation of the foregoing, all references in this
Agreement to the “General Partner” shall be references to the Principal General Partner except as the context may otherwise
require.

 

Section
4.3.         Units.  From and after the Effective Date,
the Partnership shall have three classes of Units: “GP Units,” “LP Units” and “LTIP Units.”
Notwithstanding any provision of this Agreement to the contrary, no class, series, or group of Partners or Partnership Interests
shall exist except as expressly provided in this Agreement or expressly provided by action duly taken in accordance with this Agreement,
and no such class, series, or group of Partners or Partnership Interests shall be entitled to vote, consent, or give approval with
respect to any matter as a class, series, or group except as expressly provided in this Agreement or expressly provided by action
duly taken in accordance with this Agreement.

 

Section
4.4.         Issuances of Additional Partnership Interests.

 

(a)          General.  The
General Partner is hereby authorized to cause the Partnership to issue additional Partnership Interests, in the form of Units,
for any Partnership purpose, at any time or from time to time, to the Partners (including a General Partner) or to other Persons,
and to admit such other Persons as Additional General Partners and/or Additional Limited
Partners, for such consideration and on such terms and conditions as shall be established by the
General Partner in its sole and absolute discretion, all without the approval of
any Limited Partners. Without limiting the foregoing, the General Partner is expressly authorized to cause the

 

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Partnership to issue
Units (i) upon the conversion, redemption or exchange of any Debt or other securities issued by the Partnership, (ii) for less
than Fair Market Value, so long as the General Partner concludes in good faith that such issuance is in the best interests of the
Omega REIT and the Partnership, and (iii) in connection with any merger of any other Person with or into the Partnership or any
Subsidiary of the Partnership if the applicable merger agreement provides that Persons are
to receive Units in exchange for their interests in the Person merging with or into the Partnership or any Subsidiary of the Partnership.
Any additional Partnership Interests shall be issued as Units. Upon the issuance of any additional Units, the General Partner shall
amend Exhibit A as appropriate to reflect such issuance, which such amendment shall not require the consent of any Limited
Partner.

 

(b)          Issuances
to the General Partners.  No additional Units shall be issued to a General Partner unless: (i) the additional Units
are issued to all Partners in proportion to their respective Percentage Interests; (ii) (A) the additional Units are Units issued
in connection with an issuance of REIT Shares and (B) a General Partner contributes or otherwise causes to be transferred to the
Partnership the cash proceeds or other consideration, if any, received in connection with the issuance of such REIT Shares; (iii)
the additional Units are issued upon the conversion, redemption or exchange of Debt or other securities issued by the Partnership;
or (iv) the additional Units are issued to and in connection with the admission of a new Additional General Partner where there
has been a transfer of property having a Fair Market Value equal to the Value of the additional Units transferred to the new Additional
General Partner. In the event that the Partnership issues additional Units pursuant to this Section 4.4(b), the General
Partner shall make such revisions to this Agreement as it determines are necessary to reflect the issuance of such additional Units.

 

Section
4.5.         Additional Equity Funding, Capital Contributions.

 

(a)          General.  The
General Partner may, at any time and from time to time, determine that the Partnership requires additional funds (“Additional
Funds”) for the acquisition of additional Partnership Assets, for the redemption of Units or for such other Partnership
purposes as the General Partner may determine in its sole
and absolute discretion. Additional Funds may be raised by the Partnership, at the election of the General Partner, in any
manner provided in, and in accordance with, the terms of this Section 4.5. No Person shall have any preemptive, preferential
or similar right or rights to subscribe for or acquire any Partnership Interests.

 

(b)          Additional
Capital Contributions.  The Partnership may raise all or any portion of such Additional Funds by accepting additional
Capital Contributions from the Partners (or any Partner, including a General Partner) or from third parties on terms and conditions
as shall be determined by the General Partner. In connection with any such additional Capital Contributions (of cash or property),
the General Partner is hereby authorized and directed to cause the Partnership to issue additional Units and to amend the Percentage
Interests attributable to each Partner. In the event that the Partnership accepts additional Capital Contributions pursuant to
this Section 4.5(b), the General Partner shall make such additional revisions to
this Agreement (including Exhibit A) as are consistent with and necessary to reflect such additional Capital Contributions
and issuance of Units, in each case without the consent of any Limited Partner.

 

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(c)          Issuance
of Securities by Omega REIT.  In the event that Omega REIT issues any additional REIT Shares or other shares of capital
stock in a transaction that does not otherwise result in a change in the Adjustment Factor, Omega REIT shall contribute such cash
or other consideration received in connection with the issuance of such REIT Shares (or other shares of capital stock of Omega
REIT) to the Partnership (or indirectly to any Partnership Subsidiary) in exchange for additional LP Units; provided, however,
that notwithstanding the foregoing, Omega REIT may issue REIT Shares or other shares of capital stock without any such corresponding
contribution or issuance of additional LP Units (i) pursuant to Section 8.6(b), (ii) pursuant to a dividend or distribution
(including any stock split) of REIT Shares or other shares of capital stock to all of the holders of REIT Shares or other shares
of capital stock or (iii) pursuant to share grants or awards made pursuant to any Equity Incentive Plan. In the event of any issuance
by Omega REIT of additional REIT Shares or other shares of capital stock, and a direct or indirect contribution to the Partnership
or any Partnership Subsidiary of the cash proceeds or other consideration received from such issuance, the Partnership shall pay
Omega REIT’s expenses associated with such issuance, including any underwriting discounts or commissions (it being understood
that if the proceeds actually received by Omega REIT are less than the gross proceeds of such issuance as a result of any underwriter’s
discount or other expenses paid or incurred by Omega REIT in connection with such issuance, then Omega REIT shall be deemed to
have made a Capital Contribution to the Partnership, in the amount of the gross proceeds of such issuance and the Partnership shall
be deemed simultaneously to have reimbursed Omega REIT for the amount of such underwriter’s discount or other expenses).
Without limiting the foregoing, Omega REIT is expressly authorized to issue additional REIT Shares or other shares of capital stock,
as the case may be, for less than Fair Market Value, and the General Partner is expressly authorized to cause the Partnership to
issue to Omega REIT or its designee corresponding Units, so long as (a) the General Partner concludes in good faith that such issuance
is in the interests of Omega REIT and the Partnership and (b) Omega REIT transfers, directly or indirectly, all net proceeds from
any such issuance (after deducting any out-of-pocket expenses incurred in connection therewith) directly or indirectly to the Partnership.
Notwithstanding the foregoing, this Section 4.5 shall not apply to any issuance of additional REIT Shares (or other shares
of capital stock of Omega REIT) that is subject to Section 4.6.

 

(d)          Issuance
of Debt Obligations by Omega REIT.  In the event that Omega REIT issues any new debt obligation (the “New
Debt Obligation”), Omega REIT shall contribute the cash or other consideration received in connection with the issuance
of the New Debt Obligation to the Partnership (or indirectly to any Partnership Subsidiary), net of any such proceeds used by Omega
REIT directly to pay costs and expenses incurred in connection with the issuance of such New Debt Obligation (included but not
limited to underwriting, discounts, commissions or fees, and professional fees and expenses) (collectively, “Debt Transaction
Costs”) or to repay, redeem, defease or otherwise refinance other Indebtedness of Omega REIT. In exchange for such contribution
by Omega REIT, the Partnership shall be deemed to have assumed and agreed to pay, perform or otherwise fulfill all of Omega REIT’s
liabilities and obligations with respect to such New Debt Obligation (the “Assumed New Debt Obligations and Liabilities”)
and to reimburse all Omega REIT’s expenses associated with the issuance of the New Debt Obligation, including any Debt Transaction
Costs not paid directly by Omega REIT. Notwithstanding the foregoing provisions of this paragraph, although the Partnership shall
be deemed to have assumed primary responsibility for the Assumed New Debt Obligations and Liabilities, Omega REIT shall remain
and continue as obligor and to be fully liable, whether in its capacity as issuer,

 

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borrower, guarantor,
lessee or otherwise, with respect to all such Assumed New Debt Obligations and Liabilities, and nothing herein shall be deemed
to release Omega REIT from any such Assumed New Debt Obligations and Liabilities, or require Omega REIT to assign or transfer to
the Partnership (or require the Partnership to acquire or succeed to) Omega REIT’s interest as issuer, borrower, guarantor,
lessee or other named obligor of any of the Assumed New Debt Obligations and Liabilities.

 

Section
4.6.         Equity Incentive Plan.

 

(a)          Incentive
Grants to Employees and Independent Directors.  If at any time or from time to time, in connection with an Equity
Incentive Plan, (1) a stock option granted to an employee, contractor or director of the Partnership, Omega REIT or any other Subsidiary
of a General Partner (a “Service Provider”) pursuant to such an Equity
Incentive Plan is validly exercised and REIT Shares are issued to the Service Provider, (2) restricted stock is issued to a Service
Provider for which an election under Section 83(b) of the Code is made by such Service Provider, (3) restricted stock was issued
to a Service Provider for which an election under Section 83(b) of the Code was not made by such Service Provider and the ownership
rights in such stock have vested, (4) restricted stock units granted to a Service Provider vest and REIT Shares are issued
in settlement thereof, or (5) deferred stock units issued to a Service Provider become payable and REIT Shares are issued in settlement
thereof:

 

(i)          To
the extent applicable, the applicable General Partner or Subsidiary of a General Partner,
as soon as practicable after such issuance, shall make or cause to be made a Capital Contribution to the Partnership in an amount
equal to the aggregate exercise price paid in connection with such issuance by such exercising party in connection with the exercise
of such stock option.

 

(ii)         Notwithstanding
the amount of the Capital Contribution actually made pursuant to Section 4.6(a)(i), the applicable
General Partner shall be deemed to have contributed to the Partnership, as a Capital Contribution, an amount equal to the
Value of a REIT Share as of: (A) the date of exercise of an option; (B) the date on which the election under Section 83(b) of the
Code is made with respect to such restricted stock; (C) the date on which the vesting event occurs with respect to restricted stock
as to which no Section 83(b) election was made; or (D) the date of issuance of REIT Shares in connection with the settlement of
restricted stock units or deferred stock units; as the case may be, multiplied by the number of REIT Shares then being issued in
connection therewith, in exchange for a number of GP Units equal to the number of REIT Shares being issued in connection therewith.

 

(b)          Special
Valuation Rule.  In determining the Value of a REIT Share for purposes of this Section 4.6, the following
dates as determined under the Equity Incentive Plan shall be the relevant dates for making such determination of Value of a REIT
Share: (i) in the case of an option, only the trading date immediately preceding the exercise date of the relevant stock option;
(ii) in the case where an election under Section 83(b) of the Code is made with respect to the REIT Shares, the date that the election
is effective; (iii) in the case of a Restricted Stock award for which no election under Section 83(b) of the Code was made upon
issuance of such REIT Shares, the date on which such REIT Shares vest, and (iv) in the case of an issuance of

 

    	27

    	 

    

  

REIT Shares in settlement
of restricted stock units or deferred stock units, the date on which such REIT Shares are issued.

 

(c)          Future
Equity Incentive Plans.  Nothing in this Agreement shall be construed or applied to preclude or restrain a General
Partner from adopting, modifying or terminating any Equity Incentive Plan for the benefit of employees, contractors, directors
or other business associates of a General Partner, the Partnership or any of their Affiliates. The Limited Partners acknowledge
and agree that, in the event that any such plan is adopted, modified or terminated by a General Partner, the Partnership or any
of their Affiliates, amendments to this Section 4.6 may become necessary or desirable and the General Partner is hereby
authorized to make such amendments as it deems, in its sole and absolute discretion, necessary or appropriate in connection therewith
without any consent or approval of the Limited Partners.

 

(d)          Tax
Treatment.  For federal tax purposes, the issuance of REIT Shares, whether as a result of exercise of an option,
concurrent with the making of an election in accordance with Section 83(b) of the Code with respect to restricted stock, the vesting
of previously issued restricted stock for which no Section 83(b) election was made, or the issuance of REIT Shares in connection
with the settlement of restricted stock units or deferred stock units, as described in this Section 4.6 shall be treated
in accordance with Regulations Section 1.1032-3(b), and the following transactions shall be deemed to have occurred: first, the
Capital Contribution described in Section 4.6(a)(ii) shall be deemed to occur; second, the Partnership shall be deemed to
purchase from Omega REIT, the REIT Shares being issued using the cash deemed contributed to the Partnership; and third, the Partnership
shall be deemed to issue the REIT Shares to the exercising party.

 

Section
4.7.         Other Contribution Provisions.  In the
event that any Partner is admitted to the Partnership and is given a Capital Account in exchange for services rendered to the Partnership,
unless otherwise determined by the General Partner in its sole and absolute discretion, such transaction shall be treated by the
Partnership and the affected Partner as if the Partnership had compensated such Partner in cash and such Partner had contributed
the cash to the capital of the Partnership. In addition, with the consent of the General Partner, one or more Limited Partners
may enter into contribution agreements with the Partnership which have the effect of providing a guarantee of certain obligations
of the Partnership.

 

Article
5

DISTRIBUTIONS

 

Section
5.1.         Distributions of Available Cash.

 

(a)          Subject
to the provisions of the applicable Loan Documents and, subject to any adjustments or modifications
required to be made to amounts otherwise required to be distributed in accordance with Section 15.4(a), which adjustments
or modifications are set forth in this Agreement, or in any Vesting Agreement with respect to LTIP Units , the General Partner
shall cause the Partnership to distribute, at least quarterly, all Available Cash generated by the Partnership during such quarter
to the Holders of Units on the Partnership Record Date established with respect to such quarter, pro rata in proportion
to the respective Percentage Interests of such Holders on such Partnership Record Date. Distributions payable with respect to

 

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any Units (other than
LTIP Units) that were not outstanding during the entire quarterly period in respect of which any distribution is made shall be
prorated based on the portion of the period that such Units were outstanding.

 

(b)          Notwithstanding
Section 5.1(a), the General Partner may make distributions of Available Cash to Holders of LTIP Units to the extent permitted
or required in accordance with Section 15.4(b) or Section 15.4(c), including any modification to Section 15.4(b)
or Section 15.4(c) or as may be set forth in any Vesting Agreement, which distributions shall not be considered a distribution
of Available Cash under this Section 5.1(a) to which Holders of Common Units are otherwise entitled to participate.

 

(c)          Subject
to the provisions of the applicable Loan Documents, the General Partner in
its sole and absolute discretion, may distribute to the Holders Available Cash on a more frequent basis and provide for
an appropriate Partnership Record Date. Notwithstanding anything herein to the contrary, the General Partner shall make such reasonable
efforts, as determined in its sole and absolute discretion and consistent with Omega REIT’s
qualification as a REIT, to cause the Partnership to distribute sufficient amounts in cash to enable Omega REIT to pay stockholder
dividends in cash that will (i) satisfy the requirements for its qualification as a REIT under the Code and Regulations (the
“REIT Requirements”) and (ii) except to the extent otherwise determined by the
General Partner, in its sole and absolute discretion, avoid any federal income or
excise tax liability for Omega REIT. Any distributions made pursuant to the authority provided in this Section 5.1(c) shall
otherwise be considered to be a distribution made pursuant, and shall otherwise be required to comply with the requirements of,
Section 5.1(a).

 

(d)          Notwithstanding
the foregoing, any Indemnification Obligation to be paid in cash in accordance with the Merger Agreement shall be made from distributions
that would otherwise have been payable to Partners other than a General Partner.

 

Section
5.2.         Distributions In-Kind.  No right is given
to any Partner to demand and receive property other than cash as provided in this Agreement. The General Partner may determine,
in its sole and absolute discretion, to make a distribution in-kind of Partnership Assets to the Holders of Units, and such assets
shall be distributed in such a fashion as to ensure that the Fair Market Value is distributed and allocated in accordance with
Article 5, Article 6 and Article 10.

 

Section
5.3.         Distributions Upon Liquidation.  Notwithstanding
any of the other provisions of this Article 5, distributions in the year that the Partnership is liquidated pursuant to
Article 13 shall be distributed to the Partners in accordance with Section 13.2.

 

Section
5.4.         Distributions to Reflect Issuance of Additional Units.  In
the event that the Partnership issues additional Units pursuant to the provisions of Article 4, subject to Section 14.1(b),
the General Partner is hereby authorized to make such revisions to this Article 5 as it determines are necessary or desirable
to reflect the issuance of such additional Units.

 

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Article
6

ALLOCATIONS

 

Section
6.1.         Timing and Amount of Allocations of Net Income and Net
Loss.  Subject to the allocation rules of Section 6.2, Net Income or Net Loss for any Partnership year shall
be allocated among Partners in proportion to their respective Percentage Interests.

 

Section
6.2.         Additional Allocation Provisions.  Notwithstanding
the foregoing provisions of this Article 6:

 

(a)          Special
Allocations.

 

(i)          LTIP
Units Special Allocations.  After giving effect to the special allocations set forth
in Section 6.2(b), and notwithstanding the provisions of Section 6.1, any Liquidating Gains shall first
be allocated to holders of LTIP Units until the Economic Capital Account Balances of such holders, to the extent attributable to
their ownership of LTIP Units, is equal in the aggregate to (i) the Common Unit Economic Balance, multiplied by (ii) the number
of LTIP Units held by each holder of LTIP Units. Any such allocations shall be made among the holders of LTIP Units in proportion
to the amounts required to be allocated to each under this Section 6.2(a)(i). The parties agree that the intent of this
Section 6.2(a)(i) and the allocations contemplated by the preceding sentence is to increase the Capital Account balances
of the holders of LTIP Units with respect to their LTIP Units to an amount economically equivalent to the Capital Account balance
of the Partners with respect to their Common Units based on the Common Unit Economic Balance as of the dates such Liquidating Gains
are realized. In the event that Liquidating Gains are allocated under this Section 6.2(a)(i), Net Income and Net Loss allocable
under Section 6.1 shall be recomputed without regard to the Liquidating Gains so allocated.

 

(ii)         Special
Allocations to LTIP Units in the Event of an Other Distribution Under Section 15.4(b), a Liquidating Distribution under Section
15.4(c) or Upon Liquidation. After giving effect to the special allocations set forth in Section 6.2(b), and notwithstanding
the provisions of Section 6.2(a)(i), (i) Net Income, other than Liquidating Gains, shall first be allocated to any Holder
of LTIP Units to the extent any distributions made to a Holder of LTIP Units in accordance with the provisions of Section 15.4(b)
would cause a negative balance in the Capital Account of such Holder with respect to such LTIP Units, and (ii) Net Income, including
Liquidating Gains, shall then be allocated to the extent any distributions made to a Holder of LTIP Units in accordance with the
provisions of Section 15.4(c) or in Liquidation would cause a negative balance in the Capital Account of such Holder with
respect to such LTIP Units. In the event that Net Income is allocated under this Section 6.2(a)(ii), Net Income and Net
Loss allocable under Section 6.2(a)(i) shall be recomputed without regard to the Net Income or Net Loss, including any Liquidating
Gains, allocated under this Section 6.2(a)(ii).

 

(iii)        Forfeiture
Allocations.  Upon a forfeiture of any Unvested LTIP Units by any Partner, gross items of income, gain, loss or deduction
shall be allocated to such Partner if and to the extent required by final Regulations promulgated after the Effective

 

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Date to ensure
that allocations made with respect to all Unvested LTIP Units are recognized under Code Section 704(b).

 

(b)          Regulatory
Allocations.

 

(i)          Minimum
Gain Chargeback.  Except as otherwise provided in Regulations Section 1.704-2(f), notwithstanding any other provision
of this Article 6, if there is a net decrease in Partnership Minimum Gain during
any Partnership Year, each Partner shall be specially allocated items of Partnership income and gain for such Partnership Year
(and, if necessary, subsequent Partnership Years) in an amount equal to such Partner’s share of the net decrease in Partnership
Minimum Gain, as determined under Regulations Section 1.704-2(g). Allocations pursuant to the previous sentence shall be made in
proportion to the respective amounts required to be allocated to each Partner pursuant thereto. The items to be allocated shall
be determined in accordance with Regulations Sections 1.704-2(f)(6) and 1.704-2(j)(2). This Section 6.2(b)(i) is intended
to qualify as a “minimum gain chargeback” within the meaning of Regulations Section 1.704-2(f) which shall be controlling
in the event of a conflict between such Regulations and this Section 6.2(b)(i).

 

(ii)         Partner
Minimum Gain Chargeback.  Except as otherwise provided in Regulations Section 1.704-2(i)(4), and notwithstanding
any other provision of this Article 6 (except Section 6.2(b)(i)), if there
is a net decrease in Partner Minimum Gain attributable to a Partner Nonrecourse Debt during any Partnership Year, each Partner
who has a share of the Partner Minimum Gain attributable to such Partner Nonrecourse Debt, determined in accordance with Regulations
Section 1.704-2(i)(5), shall be specially allocated items of Partnership income and gain for such Partnership Year (and, if necessary,
subsequent Partnership Years) in an amount equal to such Partner’s share of the net decrease in Partner Minimum Gain attributable
to such Partner Nonrecourse Debt, determined in accordance with Regulations Section 1.704-2(i)(4). Allocations pursuant to the
previous sentence shall be made in proportion to the respective amounts required to be allocated to each Partner pursuant thereto.
The items to be so allocated shall be determined in accordance with Regulations Sections 1.704-2(i)(4) and 1.704-2(j)(2). This
Section 6.2(b)(ii) is intended to qualify as a “chargeback of partner nonrecourse debt minimum gain” within
the meaning of Regulations Section 1.704-2(i) which shall be controlling in the event of a conflict between such Regulations and
this Section 6.2(b)(ii).

 

(iii)        Nonrecourse
Deductions and Partner Nonrecourse Deductions.  Any Nonrecourse Deductions for any Partnership Year shall be specially
allocated to the Partners in accordance with their respective Percentage Interests. Any Partner Nonrecourse Deductions for any
Partnership Year shall be specially allocated to the Partner(s) who bears the economic risk of loss with respect to the Partner
Nonrecourse Debt to which such Partner Nonrecourse Deductions are attributable, in accordance with Regulations Sections 1.704-2(b)(4)
and 1.704-2(i).

 

(iv)        Qualified
Income Offset.  If any Partner unexpectedly receives an adjustment, allocation or distribution described in Regulations
Section 1.704-1(b)(2)(ii)(d)(4), (5) or (6), items of Partnership income and gain shall be

 

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allocated,
in accordance with Regulations Section 1.704-1(b)(2)(ii)(d), to the Partner in an amount and manner sufficient to eliminate, to
the extent required by such Regulations, the Adjusted Capital Account Deficit of the Partner as quickly as possible; provided
that an allocation pursuant to this Section 6.2(b)(iv) shall be made if and only to the extent that such Partner would have
an Adjusted Capital Account Deficit after all other allocations provided in this Article 6
have been tentatively made as if this Section 6.2(b)(iv) were not in this Agreement. It is intended that this Section 6.2(b)(iv) qualify and be construed
as a “qualified income offset” within the meaning of Regulations 1.704-1(b)(2)(ii)(d), which shall be controlling in
the event of a conflict between such Regulations and this Section 6.2(b)(iv).

 

(v)         Limitation
on Allocation of Net Loss.  To the extent any allocation of Net Loss would cause or increase an Adjusted Capital
Account Deficit only with respect to any Limited Partner, such allocation of Net Loss shall be reallocated among the other Limited
Partners in accordance with their respective Capital Contributions, subject to the limitations of this Section 6.2(b)(v).
To the extent any allocation of Net Loss would cause or increase an Adjusted Capital Account Deficit as to a General Partner (solely
or in addition to any Limited Partner), such allocation of Net Loss shall be reallocated only to a General Partner in accordance
with its Capital Contribution, subject to the limitations of this Section 6.2(b)(v).

 

(vi)        Section
754 Adjustment.  To the extent an adjustment to the adjusted tax basis of any Partnership Asset pursuant to Code
Section 734(b) or Code Section 743(b) is required, pursuant to Regulations Section 1.704-1(b)(2)(iv)(m)(2) or Regulations Section
1.704-1(b)(2) (iv)(m)(4), to be taken into account in determining Capital Accounts as the result of a distribution to a Partner
in complete liquidation of its interest in the Partnership, the amount of such adjustment to the Capital Accounts shall be treated
as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases such basis) and such
gain or loss shall be specially allocated to the Partners in accordance with their interests in the Partnership in the event that
Regulations Section 1.704-1(b)(2)(iv)(m)(2) applies, or to the Partners to whom such distribution was made in the event that Regulations
Section 1.704-1(b)(2)(iv)(m)(4) applies.

 

(vii)       Curative
Allocation.  The allocations set forth in Section 6.2(b)(i), Section
6.2(b)(ii), Section 6.2(b)(iii), Section 6.2(b)(iv) and Section 6.2(b)(v) (the “Regulatory Allocations”)
are intended to comply with certain regulatory requirements, including the requirements of Regulations Sections 1.704-1(b) and
1.704-2. Notwithstanding the provisions of Section 6.1, the Regulatory Allocations shall be taken into account in allocating
other items of income, gain, loss and deduction among the Partners so that, to the extent possible, the net amount of such allocations
of other items and the Regulatory Allocations to each Partner shall be equal to the net amount that would have been allocated to
each such Partner if the Regulatory Allocations had not occurred.

 

(c)          As
of the Effective Date, the Partnership has incurred, and agrees to use its reasonable best efforts to maintain, Debt in the aggregate
principal amount of not less than One Hundred Million U.S. Dollars ($100,000,000.00), which Debt is not guaranteed by any Person
except direct or indirect Subsidiaries of the Partnership, for so long as the limited partners of

 

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Aviv LP who become Limited
Partners as a result of receiving the LP Units from Aviv LP in connection with the Aviv LP Dissolution and which LP Units were
issued to Aviv LP as of the Effective Date in connection with the Aviv Contribution (such Limited Partners, the “Former
Aviv LPs”), continue to own not less than 10% of the LP Units issued to Aviv LP in the aggregate on the Effective Date.

 

(d)          Provided
that there has not been a change in the Code or applicable Regulations subsequent to the Effective Date prescribing different rules
or methods for the allocation of partnership indebtedness, the Partnership Debt described in Section 6.2(b) shall be allocated
first to Limited Partners that are Former Aviv LPs to the maximum extent possible (including by using the optional method under
Treasury Regulation Section 1.752-3(a)(3) to allocate liabilities to a partner to which “built-in-gain” is allocable
with respect to section 704(c) property or property for which reverse section 704(c) allocations are applicable) to prevent such
Limited Partners from recognizing gain for income tax purposes caused by a reduction in the tax basis of such holders’ Aviv
LP partnership units or LP Units occurring on the date of the Merger as a result of the transactions contemplated in the Merger
Agreement.

 

(e)          For
purposes of determining a Partner’s proportional share of the “excess nonrecourse liabilities” of the Partnership
within the meaning of Regulations Section 1.752-3(a)(3), Partnership profits shall be allocated (i) first to the Partners in accordance with each Partner’s
allocable share of built-in gain under Code Section 704(c) including “reverse 704(c)” allocations to the extent such
built-in gain exceeds the amount of gain described in Regulations Section 1.752-3(a)(2) with respect to such property and (ii)
thereafter any additional “excess nonrecourse liabilities” shall be allocated based on each Partner’s interest
in Partnership profits based on such Partner’s Percentage Interest.

 

Section
6.3.         Tax Allocations.

 

(a)          In
General.  Except as otherwise provided in this Section 6.3, for income tax purposes each item of income, gain,
loss and deduction (collectively, “Tax Items”) shall be allocated among the Partners in the same manner as its
correlative item of “book” income, gain, loss or deduction is allocated pursuant to Section 6.1.

 

(b)          Allocations
Respecting Section 704(c) Revaluations.  Notwithstanding Section 6.3(a), Tax Items with respect to any Partnership
property that is contributed to the Partnership by a Partner shall be shared among the Partners for income tax purposes pursuant
to Regulations promulgated under Code Section 704(c), so as to take into account the variation, if any, between the basis of the
property to the Partnership and its initial Gross Asset Value. The Partnership shall account for such variation under any method
approved under Code Section 704(c) and the applicable regulations as chosen by the General Partner; provided that the
General Partner will elect to use the remedial method pursuant to Regulations Section 1.704-3(d) with respect to those properties
acquired by the Partnership pursuant to the Aviv Contribution Agreement. In the event the Gross Asset Value of any Partnership
property is adjusted pursuant to subparagraph (b) of the definition of Gross Asset Value (provided in Article 1), subsequent
allocations of Tax Items with respect to such property shall take account of the variation, if any, between the adjusted basis
of such property and its Gross Asset Value in the same manner as under Code Section 704(c) and the applicable regulations.

 

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Section
6.4.         Transfer of Interest.  In the event of
a Transfer of all or part of a Partnership Interest (in accordance with the provisions of this Agreement) or the admission of an
Additional Partner (in accordance with the provisions of this Agreement) the Partnership’s taxable year shall close with
respect to the transferor Partner, and such Partner’s distributive share of all items of profits, losses and any other items
of income, gain, loss or deduction shall be determined using the interim closing of the books method under Section 706 of the Code
and Regulations Section 1.706-1(c)(2)(i) or another permissible method selected by the General Partner. Except as otherwise provided
in this Section 6.4, in all other cases in which it is necessary to determine the profits, losses, or any other items allocable
to any period, profits, losses, and any such other items shall be determined on a daily, monthly, or other basis, as determined
by the General Partner using any permissible method under Section 706 of the Code and the Regulations thereunder. All distributions
of Available Cash with respect to which the Partnership Record Date for such distribution is before the date of such transfer,
assignment or Redemption shall be made to the transferor Partner, and all distributions of Available Cash thereafter, in the case
of a transfer or assignment other than a redemption shall be made to the transferee Partner.

 

Article
7

MANAGEMENT AND OPERATIONS
OF THE PARTNERSHIP; RIGHTS AND OBLIGATIONS OF THE GENERAL PARTNERS

 

Section
7.1.         Powers of the General Partner.

 

(a)          The
General Partner shall conduct, direct and exercise full control over all activities of the Partnership. Except as otherwise expressly
provided in this Agreement, all management powers over the business and affairs of the Partnership are exclusively vested in the
General Partner (including those powers described in Section 3.2), and no Limited
Partner, in its capacity as such, shall have any right of control or management over the
business and affairs of the Partnership. In addition to the powers now or hereafter granted to a general partner of a limited partnership
under applicable law or which are granted to the General Partner under any other provision of this Agreement, the General Partner,
subject to Section 14.1, shall have full power and authority to do all things deemed necessary or desirable by it to conduct
the business and affairs of the Partnership, to exercise all powers set forth in Section 3.2
and to effectuate the purposes set forth in Section 3.1, including the power to incur
Debt, the power to enter into agreements and commitments of all kinds, the power to manage, acquire, exchange and dispose of Partnership
Assets, and all ancillary powers necessary or convenient as to the foregoing. It is the intention of the Partners, subject to the
express provisions of this Agreement, that the General Partner’s powers be as broad
as the Act may now or hereafter envision, and that any powers that may be conferred only by contract are deemed to be explicitly
conferred hereby. Without limiting the generality of the foregoing, the following subsections explicitly set forth certain powers
of the General Partner to be exercised on behalf of the Partnership, without any obligation on the part of the General Partner
to obtain consent from any Limited Partner:

 

(i)          the
incurrence of Debt (including making prepayments on loans and borrowing money or selling assets to permit the Partnership to make
distributions to its Partners in such amounts as will permit Omega REIT (so long as Omega REIT desires to maintain or restore its
status as a REIT) to avoid the payment of any federal income tax

 

    	34

    	 

    

  

(including,
for this purpose, any excise tax pursuant to Code Section 4981) and to make distributions to its stockholders sufficient to
permit Omega REIT to maintain or restore REIT status, to pay expenses of a General Partner or any Subsidiaries,
the principal assets of which consist of direct or indirect interests in the Partnership, or otherwise to satisfy the REIT
Requirements);

 

(ii)         the
making of any expenditures, the lending or borrowing of money (including to tenants or operators of properties held by the Partnership),
the assumption, guarantee or other contracting of Debt and other liabilities, the issuance of evidence of Debt and the incurrence
of any obligations deemed necessary for the conduct of the activities of the Partnership;

 

(iii)        the
making of tax, regulatory and other filings or rendering of periodic or other reports to governmental or other agencies having
jurisdiction over the Partnership or the Partnership Assets;

 

(iv)        the
acquisition, disposition, mortgage, pledge, encumbrance, hypothecation, sale, transfer, lease, conveyance or exchange of any, all
or substantially all of the Partnership Assets (including the exercise or grant of any conversion, option, privilege or subscription
right or any other right available in connection with any assets at any time held by the Partnership) or the merger, consolidation,
reorganization, conversion or other combination of the Partnership or any Subsidiary with or into another entity;

 

(v)         the
use of the Partnership Assets (including cash on hand) for any purpose and on any terms it sees fit, including the financing of
the conduct of the operations of the Partnership, Omega REIT or any Subsidiary, the lending of funds to other Persons (including
Subsidiaries) and the repayment of obligations, directly or indirectly, of the Partnership and any Subsidiary,
and the making of contributions, directly or indirectly, to any Subsidiary;

 

(vi)        the
negotiation, execution and performance of any leases, contracts, agreements, conveyances or other instruments that the General
Partner considers useful or necessary to the conduct of the Partnership’s operations or the implementation of the General
Partner’s powers under this Agreement;

 

(vii)       the
distribution of Available Cash or other Partnership Assets in accordance with this Agreement;

 

(viii)      the
creation, by grant or otherwise, of easements and servitudes;

 

(ix)         the
selection and dismissal of outside attorneys, accountants, consultants, contractors and agents of the Partnership, and the determination
of their compensation and other terms of employment or hiring;

 

(x)         the
procurement and maintenance of insurance for the benefit of the Partnership or the Partners deemed necessary or appropriate;

 

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(xi)         the
formation of, or acquisition of an interest in, and the contribution of property to any other limited liability company, limited
or general partnership, joint venture or other relationship that the General Partner deems desirable (including the acquisition
of interests by, and the contributions of property to, directly or indirectly, any Subsidiary of the Partnership from time to time);
provided, however, that, as long as Omega REIT has determined to continue to qualify as a REIT, the General Partner may
not engage in any such formation, acquisition or contribution that would cause Omega REIT to fail to qualify as a REIT;

 

(xii)        the
control of any matters affecting the rights and obligations of the Partnership, including the conduct of litigation, incurring
of legal expenses and settlement of claims, and litigation and the indemnification of any Person against liabilities and contingencies;

 

(xiii)       the
undertaking of any action in connection with any direct or indirect investment, including (A) the acquisition of interests in any
Subsidiary of the Partnership or any direct or indirect investment in any governmental obligation or in any other Person (including
the contribution or loan of funds by the Partnership to such Persons), and (B) acquiring, selling, investing in, holding, owning,
leasing, managing, operating, granting mortgages on and security interests in, and acquiring and making loans secured by, real
property and personal property;

 

(xiv)      the
determination of the Fair Market Value of any Partnership Assets distributed in kind;

 

(xv)       the
amendment of this Agreement (A) to reflect additional Capital Contributions, whether from existing Partners or from third parties,
and the issuance of additional Units and to admit Additional Limited Partners in connection therewith, or (B) to incorporate any
other matter set forth in Section 4.4 or Section 4.5 or any other action or
change affecting the Partnership that the General Partner is allowed to take or make pursuant to the terms and provisions of this
Agreement (including Section 14.1) and that, within the General Partner’s sole
and absolute discretion, should be set forth as an amendment to this Agreement;

 

(xvi)      the
entry into any exchange or transfer incident to any like-kind exchange of Partnership Assets including the sale of one (1) or more
undivided interests in any Partnership Asset to any Person to facilitate any like-kind exchange;

 

(xvii)     the
advance to a General Partner of any tenant security deposit received by the Partnership which advance shall be subject to such
General Partner’s obligation to indemnify the Partnership for the amount of any such
advance without interest as and when the tenant security deposit may be required to be repaid to the tenant by the Partnership;

 

(xviii)    the
taking of any action necessary or appropriate to enable Omega REIT to qualify as a REIT or to maintain or restore its REIT status;
and

 

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(xix)       the
execution, acknowledgment and delivery of any and all instruments to effectuate any and all of the foregoing.

 

(b)          Each
of the Limited Partners agrees that, except as provided in Section 14.1, the General Partner is authorized to execute, deliver
and perform the above-mentioned agreements and transactions on behalf of the Partnership without any further act, approval, consent
or vote of the Partners, notwithstanding any other provision of this Agreement, the Act or any other applicable law, rule or regulation.
None of the execution, delivery or performance by a General Partner, the Partnership or any Affiliate thereof of any transaction
or agreement authorized or permitted by this Agreement shall constitute a breach by a General Partner of any duty that a General
Partner may owe to the Partnership or the Limited Partners or any other Person under this Agreement or of any duty stated or implied
by law or equity.

 

(c)          In
its discretion, the General Partner may appoint one or more officers (each such designated person, an “Officer”)
of the Partnership (who also may be, but need not be, officers of the General Partner), with such titles as designated by the General
Partner.  The General Partner shall have the right, in respect of any of its powers or obligations hereunder, to act on behalf
of the Partnership through any of its Officers and in all such cases under this Section 7.1(c), the same shall constitute
(to the extent of the authority so conferred upon such respective Officer) a delegation by the General Partner, for purposes of
Section 17-403 of the Act, of the General Partner’s rights and powers to manage and control the business and affairs of the
Partnership. Any action taken by an Officer pursuant to authority delegated to such Officer shall constitute the act of and serve
to bind the Partnership.  Any Officer shall act pursuant to such delegated authority until such Officer is removed or replaced
by the General Partner, and Persons dealing with the Partnership are entitled to rely conclusively on the power and authority of
any Officer set forth in this Agreement and any instrument designating such Officer and the authority
delegated to him or her.  Notwithstanding anything herein to the contrary, except for fraud, willful misconduct or gross negligence,
no duly appointed Officer shall have any personal liability whatsoever, to the Partnership or to any Partner for the debts or liabilities
of the Partnership or the Partnership’s obligations hereunder.  As of the Effective Date, following are the individuals
appointed by the General Partner to their respective offices of the Partnership:

 

	NAME	 	TITLE
	C. Taylor Pickett	 	Chief Executive Officer and President
	Daniel J. Booth	 	Chief Operating Officer and Secretary
	Steven J. Insoft	 	Chief Corporate Development Officer
	Robert O. Stephenson	 	Chief Financial Officer, Treasurer and Assistant Secretary
	R. Lee Crabill	 	Senior Vice President – Operations
	Michael D. Ritz	 	Chief Accounting Officer, Vice President and Assistant Secretary
	Samuel H. Kovitz	 	Executive Vice President and Assistant Secretary
	Megan Krull	 	Senior Vice President – Operations and Assistant Secretary
	Thomas H. Peterson	 	Assistant Treasurer

 

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(d)          In
exercising its authority under this Agreement, the General Partner may, but shall be under no obligation to, take into account
the tax consequences to any Partner (including a General Partner) of any action taken (or not taken) by it. Except as may be provided
in a separate written agreement between the Partnership and the Limited Partners, a General Partner and the Partnership shall not
have liability to a Limited Partner under any circumstances as a result of an income tax liability incurred by such Limited Partner
as a result of an action (or inaction) by the General Partner pursuant to its authority under this Agreement; provided,
that the General Partner has acted in good faith and pursuant to its authority under this Agreement.

 

Section
7.2.         Certificate of Limited Partnership.  To
the extent that such action is determined by the General Partner in its sole and absolute discretion to be reasonable and necessary
or appropriate, the General Partner shall file amendments to and restatements of the Certificate and do all the things necessary
to maintain the Partnership as a limited partnership (or a partnership in which the limited partners have limited liability) under
the laws of the State of Delaware and to maintain the Partnership’s qualification to do business as a foreign limited partnership
in each other state, the District of Columbia and each other jurisdiction in which the Partnership is so required to qualify. The
General Partner shall not be required, before or after filing, to deliver or mail a copy of the Certificate or any amendment thereto
to any Limited Partner. The General Partner shall use all reasonable efforts to cause to be filed such other certificates or documents
as may be reasonable and necessary or appropriate for the formation, continuation, qualification and operation of a limited partnership
(or a partnership in which the limited partners have limited liability) in the State of Delaware and any other state, the District
of Columbia and each other jurisdiction in which the Partnership is required to qualify to do business as a foreign limited partnership.

 

Section
7.3.         Reimbursement of a General Partner.

 

(a)          Except
as provided in this Section 7.3 and elsewhere in this Agreement (including the provisions of Article
5 and Article 6 regarding distributions, payments and allocations to which
it may be entitled), a General Partner shall not be compensated for its services as general partner of the Partnership.

 

(b)          A
General Partner shall be reimbursed on a monthly basis, or such other basis as the General Partner may determine in its sole and
absolute discretion, for all direct and indirect expenses incurred by such General Partner or any of its Subsidiaries (other than
Subsidiaries of the Partnership). Such reimbursement shall be in addition to any reimbursement to such General Partner as a result
of indemnification pursuant to Section 7.6. All payments and reimbursements hereunder shall be characterized for federal
income tax purposes as expenses of the Partnership incurred on its behalf, and not as expenses of such General Partner.

 

(c)          If
Omega REIT elects to purchase REIT Shares from its stockholders for the purpose of delivering
such REIT Shares to satisfy an obligation under any dividend reinvestment program or employee stock purchase plan adopted by Omega
REIT, or any similar obligation or arrangement undertaken by Omega REIT in the future, or for the purpose of retiring such REIT
Shares, the purchase price paid by Omega REIT for such REIT Shares and any other expenses incurred by Omega REIT in connection
with such purchase shall be considered expenses of the Partnership and shall be advanced or reimbursed to Omega REIT, subject to
the condition that:

 

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(i) if such REIT Shares
subsequently are re-sold by Omega REIT, the proceeds from such sale shall be contributed to the Partnership by Omega REIT (which
sales proceeds shall include the amount of dividends reinvested under any dividend reinvestment or similar program; provided
that a Redemption of Units pursuant to Section 8.6 would not be considered a sale for such purposes); and (ii) if such REIT
Shares are not retransferred by Omega REIT within thirty (30) days after the purchase thereof, or Omega REIT otherwise determines
not to retransfer such REIT Shares, the General Partner shall cause the Partnership to redeem a number of Units held by Omega REIT
equal to the number of such REIT Shares, as adjusted for stock dividends and distributions, stock splits and subdivisions, reverse
stock splits and combinations, distributions of rights, warrants or options, and distributions of evidences of indebtedness or
assets relating to assets not received by the General Partner pursuant to a pro rata distribution by the Partnership (in
which case such advancement or reimbursement of expenses shall be treated as having been made as a distribution in redemption of
such number of Units held by Omega REIT).

 

(d)          Omega
REIT shall, pursuant to Section 4.6, be treated as having made a Capital Contribution in the amount of all expenses that
Omega REIT incurs relating to the offering of REIT Shares.

 

(e)          If
and to the extent any reimbursements to a General Partner pursuant to Section 7.3 constitute gross income of the General Partner (as opposed to the repayment of advances made by the General
Partner on behalf of the Partnership), such amounts shall constitute guaranteed payments in respect of capital within the meaning
of Code Section 707(c), shall be treated consistently therewith by the Partnership and all Partners and shall not be treated as
distributions for purposes of computing the Partners’ Capital Accounts.

 

Section
7.4.         Outside Activities of the General Partner.  The
Omega REIT shall not, directly or indirectly, enter into or conduct any business, other than in connection with (a) the ownership,
acquisition and disposition of Partnership Interests, (b) the management of the business of the Partnership, (c) if the General
Partner is a reporting company with a class (or classes) of securities registered under the Exchange Act, the operation of the
General Partner as such, (d) financing or refinancing of any type related to the Partnership or its assets or activities, (e) any
of the foregoing activities as they relate to a Subsidiary of the Partnership and (f) such activities as are incidental thereto;
provided, however, that the General Partner may, in its sole and absolute discretion, from time to time hold or acquire
assets in its own name or otherwise other than through the Partnership so long as the General Partner takes commercially reasonable
measures to ensure that the economic benefits and burdens of such Property are otherwise vested in the Partnership, through assignment,
mortgage loan or otherwise or, if it is not commercially reasonable to vest such economic interests in the Partnership, the Partners
shall negotiate in good faith to amend this Agreement, including, without limitation, the definition of “Adjustment Factor,”
to reflect such activities and the direct ownership of assets by the General Partner. Nothing contained herein shall be deemed
to prohibit any General Partner from (i) executing guarantees of Debt of the Partnership for which it would otherwise be liable
in its capacity as General Partner, (ii) incurring New Debt Obligations as provided in Section 4.5(d) or guaranteeing any
New Debt Obligations, (iii) performing its obligations arising out of or in connection with the operation of any Excluded Assets
(as defined in the Omega Contribution Agreement or under documentation relating to any Indebtedness of a General Partner), (iv)
issuing shares of its common stock or other equity interests, or (v) participating in tax,

 

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accounting or other administrative
matters relating to Omega REIT and its consolidated Subsidiaries.

 

Section
7.5.         Contracts with Affiliates.

 

(a)          A
General Partner or any of its Affiliates may lend to the Partnership or any Subsidiary, directly or indirectly, funds needed or
desired by the Partnership or any Subsidiary for such periods of time and on such terms as such General Partner may determine to
be necessary or appropriate. The Partnership or any Subsidiary, as the case may be, shall reimburse such General Partner or its
Affiliates for any costs incurred in connection with the borrowing of funds obtained by a General Partner or its
Affiliates and loaned to the Partnership or the Subsidiary.

 

(b)          The
Partnership may lend to any of its Affiliates, or may lend or contribute funds to Persons in which it has a direct or indirect
equity investment, and such Persons may borrow funds from the Partnership, on terms and conditions established in the sole and
absolute discretion of the General Partner. The foregoing authority shall not create any right or benefit in favor of any Person.

 

(c)          A
General Partner may, or may enter into an agreement for any of its Affiliates to, render services to the Partnership on such terms
and subject to such conditions consistent with this Agreement and applicable law as the General Partner deems appropriate.

 

(d)          The
Partnership may transfer assets to any Affiliate, or to joint ventures, other partnerships, corporations or other business entities
in which it is or thereby becomes a participant upon such terms and subject to such conditions consistent with this Agreement and
applicable law as the General Partner deems appropriate.

 

(e)          Security
deposits required to be paid to tenants that have been retained by any Partner will be reflected as a receivable from such Partner
to the Partnership. Any Partner who holds any security deposit from a tenant of a Participating Facility on behalf of such Participating
Facility shall return such security deposits to the Partnership promptly upon written notice from the Partnership in the event
that the General Partner shall determine that any portion of any security deposit held by any Partner is due and payable to any
tenant, and in the amount the General Partner determines to be due and payable to such tenant. Each Partner hereby indemnifies
the Partnership severally and not jointly with respect to all deposits retained by such Partner. The General Partner shall have
the right to offset any amounts that are due and payable from such Partner against distributions otherwise payable to such Partner
or may reduce such Partner’s Capital Account by reducing such Partner’s Units proportionately.

 

Section
7.6.         Indemnification.

 

(a)          To
the fullest extent permitted by law, the Partnership shall indemnify and hold harmless any Indemnitee from and against any and
all losses, claims, damages, liabilities, joint or several, expenses (including legal fees and expenses), judgments, fines, settlements
and other amounts arising from any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative,
in which any Indemnitee may be involved, or is threatened to be involved, as a party or otherwise, unless it is established that:
(i) the act or omission of the

 

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Indemnitee was material
to the matter giving rise to the proceeding and either was committed with gross negligence, willful misconduct or in bad faith
or was the result of active and deliberate dishonesty; or (ii) in the case of any criminal proceeding, the Indemnitee had reasonable
cause to believe that the act or omission was unlawful. Without limitation, the foregoing indemnity shall extend to any liability
of any Indemnitee, pursuant to a loan guaranty or otherwise, for any Debt or other obligations of the Partnership or any Subsidiary
of the Partnership (including any Debt which the Partnership or any Subsidiary of the Partnership has assumed or taken subject
to), and the General Partner is hereby authorized and empowered, on behalf of the Partnership, to enter into one or more indemnity
agreements consistent with the provisions of this Section 7.6 in favor of any Indemnitee having or potentially having liability
for any such Debt or other obligations. The termination of any action, suit or proceeding by judgment, order, settlement, conviction,
or upon a plea of nolo contendere or its equivalent or any entry of an order of probation prior to judgment, shall not create
a presumption that the Indemnitee did not meet the requisite standard of conduct set forth in this Section 7.6(a). Any indemnification
pursuant to this Section 7.6 shall be made only out of the Partnership Assets.

 

(b)          To
the fullest extent permitted by law, expenses (including legal fees and expenses) incurred by an Indemnitee who is a party to any
claim, demand, action, suit or proceeding shall be paid or reimbursed by the Partnership in advance of the final disposition of
the proceeding upon receipt by the Partnership of a written undertaking by or on behalf of the Indemnitee to repay the amount if
it shall ultimately be determined that the Indemnitee is not entitled to be indemnified as authorized by this Section 7.6
without any requirement to post a bond or provide security for such advance.

 

(c)          The
indemnification provided by this Section 7.6 shall be in addition to any other rights to which an Indemnitee or any other
Person may be entitled under any other agreement entered into by the Partnership, pursuant to any vote of the Partners, as a matter
of law or otherwise, and shall continue as to an Indemnitee who has ceased to serve in such capacity and shall inure to the heirs,
successors, assigns and administrators of the Indemnitee.

 

(d)          The
Partnership may purchase and maintain insurance on behalf of the Indemnitees and such other Persons as the General Partner shall
determine to be necessary or appropriate, against any liability that may be asserted against or expenses that may be incurred by
any such Person in connection with the Partnership’s activities, regardless of whether the Partnership would have the power
to indemnify such Person against such liability under the provisions of this Agreement.

 

(e)          Any
liabilities which an Indemnitee incurs as a result of acting on behalf of the Partnership or a General Partner (whether as a fiduciary
or otherwise) in connection with the operation, administration or maintenance of an employee benefit plan or any related trust
or funding mechanism (whether such liabilities are in the form of excise taxes assessed by the IRS, penalties assessed by the Department
of Labor, restitutions to such a plan or trust or other funding mechanism or to a participant or beneficiary of such plan, trust
or other funding mechanism, or otherwise) shall be treated as liabilities or judgments or fines under this Section 7.6, unless such liabilities arise as a result of (i) such Indemnitee’s willful misconduct or knowing violation
of the law, (ii) any transaction in which such Indemnitee received a personal benefit in violation or breach of any provision of
this Agreement or applicable law or (iii) in the

 

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case of any criminal
proceeding, such Indemnitee had reasonable cause to believe that the act or omission was unlawful.

 

(f)          In
no event may an Indemnitee subject the Limited Partners to personal liability by reason of the indemnification provisions set forth
in this Agreement.

 

(g)          An
Indemnitee shall not be denied indemnification in whole or in part under this Section 7.6 because the Indemnitee had an
interest in the transaction with respect to which the indemnification applies if the transaction was otherwise permitted by the
terms of this Agreement.

 

(h)          The
provisions of this Section 7.6 are for the benefit of the Indemnitees, their heirs, successors, assigns and administrators
and shall not be deemed to create any rights for the benefit of any other Persons. Any amendment, modification or repeal of this
Section 7.6 or any provision hereof shall be prospective only and shall not in any way affect (i) the rights of an Indemnitee
to indemnification under this Section 7.6 or (ii) the limitations on the Partnership’s liability to any Indemnitee
under this Section 7.6, in each case as in effect immediately prior to such amendment, modification or repeal with respect
to claims arising from or relating to matters occurring, in whole or in part, prior to such amendment, modification or repeal,
regardless of when such claims may arise or be asserted.

 

(i)           If
and to the extent any reimbursements to a General Partner pursuant to this Section 7.6 constitute gross income of such General
Partner (as opposed to the repayment of advances made by a General Partner on behalf of the Partnership), such amounts shall constitute
a “guaranteed payment” in respect of capital within the meaning of Code Section 707(c), shall be treated consistently
therewith by the Partnership and all Partners and shall not be treated as distributions for purposes of computing the Partners’
Capital Accounts.

 

Section
7.7.         Liability of Indemnitees.

 

(a)          Notwithstanding
anything to the contrary set forth in this Agreement, no Indemnitee shall be liable or accountable in damages or otherwise to the
Partnership, any Partners or any Assignees, or their successors or assigns, for losses sustained, liabilities incurred or benefits
not derived as a result of errors in judgment or mistakes of fact or law or any act or omission if such Indemnitee acted in good
faith as determined by the General Partner.

 

(b)          The
Limited Partners expressly acknowledge that the General Partners are acting for the benefit of the Partnership, the Limited Partners
and the Omega REIT stockholders, collectively, and that no General Partner is under any obligation to give priority to the separate
interests of the Limited Partners or the Omega REIT stockholders (including the tax consequences to the Limited Partners or the
Omega REIT stockholders) in deciding whether to cause the Partnership to take (or decline to take) any actions. If there is a conflict
between the interests of the Omega REIT stockholders, on the one hand, and the Limited Partners, on the other hand, the General
Partner shall endeavor in good faith to resolve the conflict in a manner not adverse to either the Omega REIT stockholders or the
Limited Partners. No General Partner shall be liable to the Partnership or to any Partner or Assignee for monetary damages for
losses

 

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sustained, liabilities
incurred or benefits not derived in connection with such decisions; provided that such General Partner shall have acted
in good faith.

 

(c)          Any
amendment, modification or repeal of this Section 7.7 or any provision hereof shall be prospective only and shall not in
any way affect the limitations on the liability of an Indemnitee to the Partnership and the Limited Partners under this Section
7.7 as in effect immediately prior to such amendment, modification or repeal with respect to claims arising from or relating
to matters occurring, in whole or in part, prior to such amendment, modification or repeal, regardless of when such claims may
arise or be asserted.

 

Section
7.8.         Other Matters Concerning the General Partner.

 

(a)          The
General Partner may exercise any of the powers granted to it by this Agreement and perform any of the duties imposed upon it hereunder
either directly or by or through its employees or agents. No General Partner shall be responsible for any misconduct or negligence
on the part of any such employee, Officer or agent appointed by the General Partner in good faith.

 

(b)          To
the extent that, at law or in equity, a General Partner has duties (including fiduciary duties) and liabilities relating thereto
to the Partnership or the Limited Partners, such General Partner shall not be liable to the Partnership or to any other Partner
for its good faith reliance on the provisions of this Agreement.

 

(c)          To
the fullest extent permitted by law, no director, manager, officer, member or stockholder of Omega REIT shall be liable to the
Partnership for money damages except for (i) active and deliberate dishonesty established by a nonappealable final judgment
or (ii) actual receipt of an improper benefit or profit in money, property or services.

 

(d)          A
General Partner may rely and shall be protected in acting or refraining from acting upon any resolution, certificate, statement,
instrument, opinion, report, notice, request, consent, order, bond, debenture or other paper or document believed to be genuine
and to have been signed or presented by the proper party or parties.

 

(e)          A
General Partner may consult with legal counsel, accountants, appraisers, management consultants, investment bankers and other consultants
and advisers selected by the General Partner, and any act taken or omitted to be taken in reliance upon the opinion of such Persons
as to matters which such General Partner reasonably believes to be within such Person’s professional or expert competence
shall be conclusively presumed to have been done or omitted in good faith and in accordance with such opinion.

 

(f)           The
General Partner shall have the right, in respect of any of its powers or obligations hereunder, to act through any of its duly
authorized officers and a duly appointed attorney or attorneys-in-fact. Each such attorney shall, to the extent provided by the
General Partner in the power of attorney, have full power and authority to do and perform all and every act and duty that is permitted
or required to be done by the General Partner hereunder.

 

(g)          Notwithstanding
any other provision of this Agreement or the Act, any action of a General Partner on behalf of the Partnership or any decision
of a General Partner to refrain from

 

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acting on behalf of the
Partnership which a General Partner determines in its sole and absolute discretion is necessary or advisable in order (i) to protect
the ability of Omega REIT to continue to qualify as a REIT, (ii) for Omega REIT otherwise to satisfy the REIT Requirements or (iii)
for Omega REIT to avoid incurring any taxes under Code Sections 856 or 857, or Code Section 4981, is expressly authorized under this Agreement and is deemed approved by all of the Limited Partners.

 

Section
7.9.         Title to Partnership Assets.  Title to
Partnership Assets, whether real, personal or mixed and whether tangible or intangible, shall be deemed to be owned by the Partnership
as an entity, and no Partner, individually or collectively with other Partners or Persons, shall have any ownership interest in
such Partnership Assets or any portion thereof. Title to any or all of the Partnership Assets may be held in the name of the Partnership,
a General Partner or one or more nominees, as the General Partner may determine, including Affiliates of a General Partner. Each
General Partner hereby declares and warrants that any Partnership Assets for which legal title is held in the name of such General
Partner or any nominee or Affiliate of such General Partner shall be deemed held by such General Partner for the use and benefit
of the Partnership in accordance with the provisions of this Agreement. All Partnership Assets shall be recorded as the property
of the Partnership on its books and records, irrespective of the name in which legal title to such Partnership Assets is held.

 

Section
7.10.       Reliance by Third Parties.  Notwithstanding
anything to the contrary in this Agreement, any Person dealing with the Partnership shall be entitled to assume that the General
Partner has full power and authority to encumber, sell or otherwise use in any manner any and all Partnership Assets and to enter
into any contracts on behalf of the Partnership, and such Person shall be entitled to deal with the General Partner as if it was
the Partnership’s sole party in interest, both legally and beneficially. Each Partner, in its capacity as such, hereby waives
any and all defenses or other remedies which may be available against any such Person to contest, negate or disaffirm any action
of the General Partner in connection with any such dealing. In no event shall any Person dealing with the General Partner or its
representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity
or expediency of any act or action of the General Partner or its representatives. Each and every certificate, document or other
instrument executed on behalf of the Partnership by the General Partner or its representatives shall be conclusive evidence in
favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such
certificate, document or instrument this Agreement was in full force and effect, (b) the Person executing and delivering such certificate,
document or instrument was duly authorized and empowered to do so for and on behalf of the Partnership and (c) such certificate,
document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding
upon the Partnership.

 

Article
8

RIGHTS AND OBLIGATIONS
OF LIMITED PARTNERS

 

Section
8.1.         Limitation of Liability.  The Limited Partners
shall have no liability under this Agreement except as expressly provided in this Agreement or under the Act. Without limiting
the generality of the foregoing, notwithstanding anything herein to the contrary, except for fraud, willful misconduct or gross
negligence, or pursuant to any express indemnities given to

 

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the Partnership by any
Partner pursuant to any other written instrument, no Partner shall have any personal liability whatsoever, to the Partnership or
to the other Partner(s), for the debts or liabilities of the Partnership or the Partnership’s obligations hereunder, and
the full recourse of the other Partner(s) shall be limited to the interest of that Partner in the Partnership. Without limitation
of the foregoing, and except for fraud, willful misconduct or gross negligence, or pursuant to any such express indemnity, no property
or assets of any Partner, other than its interest in the Partnership, shall be subject to levy, execution or other enforcement
procedures for the satisfaction of any judgment (or other judicial process) in favor of any other Partner(s) and arising out of,
or in connection with, this Agreement.

 

Section
8.2.         Management of Business.  No Limited Partner,
in its capacity as such, or Assignee (other than the General Partner, any of its Affiliates or any officer, director, member, employee,
partner, agent or trustee of the Partnership, the General Partner or any of their respective Affiliates, in its capacity as such,
if such Person shall also be a Limited Partner or Assignee) shall take part in the operation, management or control (within the
meaning of the Act) of the Partnership’s business, transact any business in the Partnership’s name or have the power
to sign documents for or otherwise bind the Partnership. The transaction of the business on behalf of the Partnership by the General
Partner, any Affiliate of the General Partner, any officer, director, member, employee, partner, agent or trustee of the General
Partner, the Partnership or their respective Affiliates, in their capacity as such, shall not affect, impair or eliminate the limitations
on the liability of the Limited Partners or Assignees under this Agreement.

 

Section
8.3.         Outside Activities of Limited Partners.  Subject
to any agreements entered into by a Limited Partner or its Affiliates with a General Partner, the Partnership or any Affiliate
thereof (including any employment agreement), any Limited Partner and any Assignee, officer, director, employee, agent, trustee,
Affiliate, member or shareholder of any Limited Partner shall be entitled to and may have business interests and engage in business
activities in addition to those relating to the Partnership, including business interests and activities that are in direct or
indirect competition with the Partnership or that are enhanced by the activities of the Partnership. Neither the Partnership nor
any Partner shall have any rights by virtue of this Agreement in any business ventures of any Limited Partner or Assignee. Subject
to such agreements, none of the Limited Partners nor any other Person shall have any rights by virtue of this Agreement or the
partnership relationship established hereby in any business ventures of any other Person (other than a General Partner, to the
extent expressly provided herein), and such Person shall have no obligation pursuant to this Agreement, subject to any other agreements
entered into by a Limited Partner or its Affiliates with a General Partner, the Partnership or any Affiliate thereof, to offer
any interest in any such business ventures to the Partnership, any Limited Partner or any such other Person, even if such opportunity
is of a character that, if presented to the Partnership, any Limited Partner or such other Person, could be taken by such Person.

 

Section
8.4.         Return of Capital Contributions.  Except
pursuant Section 5.1(d) or pursuant to the rights of Redemption set forth in Section 8.6, no Limited Partner shall
be entitled to the withdrawal or return of his, her or its Capital Contribution except to the extent of distributions made pursuant
to this Agreement or upon termination of the Partnership as provided herein. No Limited Partner shall (a) have priority over any
other Limited Partner either as to the

 

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return of Capital Contributions
or as to profits, losses, distributions or credits or (b) be entitled to interest on his, her or its Capital Contribution or Capital
Account.

 

Section
8.5.         Rights of Limited Partners Relating to the Partnership.

 

(a)          In
addition to the other rights provided by this Agreement or by the Act, and except as limited by Section 8.5(b), each Limited
Partner shall have the right, for a purpose reasonably related to such Limited Partner’s interest as a limited partner in
the Partnership, upon reasonable written demand with a statement of the purpose of such demand and at such Limited Partner’s
own expense:

 

(i)          to
obtain a copy of the Partnership’s federal, state and local income tax returns for each Partnership Year;

 

(ii)         to
obtain a current list of the name and last known business, residence or mailing address of each Partner, and the date on which
each became a Partner; and

 

(iii)        to
obtain a copy of this Agreement and the Certificate and all amendments hereto or thereto, together with executed copies of all
powers of attorney pursuant to which this Agreement, the Certificate and all amendments thereto have been executed.

 

(b)          Notwithstanding
any other provision of this Section 8.5, the General Partner may keep confidential from the Limited Partners, for such period
of time as the General Partner deems reasonable, any information that (i) the General Partner believes to be in the nature of trade
secrets or other information, the disclosure of which the General Partner in good faith believes is not in the best interests of
the Partnership or any Subsidiary or (ii) the Partnership, any Subsidiary or the General Partner is required by law or by agreements
with third parties to keep confidential.

 

Section
8.6.         Redemption Rights.

 

(a)          Each
Limited Partner shall have the right (subject to the terms and conditions set forth herein and in any other agreement entered into
between the Partnership and such Limited Partner, as applicable) to require the Partnership to redeem all or a portion of the LP
Units held by such Limited Partner (such Units being hereafter referred to as “Tendered Units”) in exchange
for the Cash Amount (a “Redemption”) unless the terms of such Units or a separate agreement entered into between
the Partnership and the holder of such Units provide that such Units are not entitled to a right of Redemption. The Tendering Partner
shall have no right, with respect to any Units so redeemed, to receive any distributions paid on or after the Specified Redemption
Date. Any Redemption shall be exercised pursuant to a Notice of Redemption delivered to the General Partner by the Limited Partner
who is exercising the right (the “Tendering Partner”). The Cash Amount shall be payable to the Tendering Partner
on the Specified Redemption Date; provided, however, that the Partnership shall be entitled to offset against, and
deduct from, the Cash Amount that is payable to the Tendering Partner any amounts payable under or owed by the Tendering Partner
pursuant to any security deposit indemnity agreement between the Tendering Partner and the Partnership or any of its Affiliates.

 

(b)          Notwithstanding
Section 8.6(a), if a Limited Partner has delivered to the General

 

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Partner a Notice of Redemption
then the General Partner may, in its sole and absolute discretion
(subject to the limitations on ownership and transfer of REIT Shares set forth in the Charter), elect to satisfy the Redemption
obligation and acquire some or all of the Tendered Units from the Tendering Partner in exchange for the REIT Shares Amount (as
of the Specified Redemption Date) and, if the General Partner so elects, the Tendering Partner shall sell the Tendered Units to
the General Partner in exchange for the REIT Shares Amount; provided, however, that the Partnership shall be entitled to
offset against, and deduct from, the REIT Shares Amount a number of REIT Shares having a Fair Market Value equal to any amounts
payable under or owed by the Tendering Partner pursuant to any security deposit indemnity agreement between the Tendering Partner
and the Partnership or any of its Affiliates. The Tendering Partner shall have no right to cause the Partnership to redeem such
Tendered Units for the Cash Amount. The General Partner shall give such Tendering Partner written notice of its election on or
before the close of business on the fifth (5th) Business Day after its receipt of the Notice of Redemption, and the
Tendering Partner may elect to withdraw its redemption request at any time prior to the acceptance of the Cash Amount or REIT Shares
Amount by such Tendering Partner. . In connection with an exercise of Redemption rights pursuant to this Section 8.6(b),
the Tendering Partner shall submit the following to the General Partner, in addition to the Notice of Redemption:

 

(i)          such
information, certification or affidavit as the General Partner may reasonably require in connection with the application of the
Equity Share Ownership Limit and other restrictions and limitations of the Charter to any such acquisition;

 

(ii)         such
written representations, investment letters, legal opinions or other instruments necessary, in the General Partner’s view,
to effect compliance with the Securities Act;

 

(iii)        a
written affidavit, dated the same date as the Notice of Redemption, (A) disclosing the actual and constructive ownership, as determined
for purposes of Code Sections 856(a)(6) and 856(h), of REIT Shares by such Tendering Partner and any Affiliate of the Tendering
Partner whose ownership of REIT Shares would be attributed to the Tendering Partner and (B) representing that, after giving effect
to the Redemption or an acquisition of the Tendered Units by the General Partner pursuant to Section 8.6(b), neither the
Tendering Partner nor any such Affiliate will own REIT Shares in excess of the Equity Share Ownership Limit;

 

(iv)        a
written representation that neither the Tendering Party nor any Affiliate of the Tendering Partner whose ownership of REIT Shares
would be attributed to the Tendering Partner has any intention to acquire any additional REIT Shares prior to the closing of the
Redemption or an acquisition of the Tendered Units by the General Partner pursuant to Section 8.6(b) on the Specified Redemption
Date; and

 

(v)         a
“certification of non-foreign status” satisfying the requirements of Regulations Section 1.1445-2(b)(2); and

 

(c)          The
REIT Shares Amount, if applicable, shall be delivered as duly authorized, validly issued, fully paid and nonassessable REIT Shares
and, if applicable, free of any pledge,

 

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lien, encumbrance or
restriction (including any lien, encumbrance or restriction existing under any security deposit indemnity agreement between the
Tendering Partner and the Partnership or any of its Affiliates), other than those provided in the Charter or the Bylaws, the Securities
Act and relevant state securities or blue sky laws. Such REIT Shares shall also bear any legend set forth in the Charter, or deemed
necessary or appropriate by the General Partner under the Securities Act and relevant state securities or blue sky laws. Notwithstanding
any delay in such delivery (but subject to Section 8.6(d)), the Tendering Partner shall be deemed the owner of such REIT
Shares for all purposes, including rights to vote or consent, and receive dividends, as of the Specified Redemption Date.

 

(d)          Each
Limited Partner covenants and agrees with the General Partner that all Tendered Units shall be delivered to the General Partner
free and clear of all liens, claims and encumbrances whatsoever and should any such liens, claims and/or encumbrances exist or
arise with respect to such Tendered Units, the General Partner shall be under no obligation to acquire the same. Each Limited Partner
further agrees that, if any state or local property transfer tax is payable as a result of the transfer of its Tendered Units to
the General Partner (or its designee), such Limited Partner shall assume and pay such transfer tax.

 

(e)          Notwithstanding
the provisions of Section 8.6(a), Section 8.6(b) and Section 8.6(c) or any other provision of this Agreement, a Limited Partner shall not be entitled to exercise the right to
Redemption pursuant to this Section 8.6 if the delivery of REIT Shares to such Limited Partner on the Specified Redemption
Date pursuant to Section 8.6(b) would (i) result in such Limited Partner or any other Person owning, directly or indirectly,
REIT Shares in excess of the Equity Share Ownership Limit or any Excepted Holder Limit and calculated in accordance therewith,
except as otherwise provided in the Charter, (ii) result in REIT Shares being owned by fewer than one hundred (100) persons (determined
without reference to any rules of attribution), (iii) result in Omega REIT being “closely held” within the meaning
of Section 856(h) of the Code, (iv) cause a General Partner to own, actually or constructively, ten percent (10%) or more of the
ownership interests in a tenant (other than a taxable REIT subsidiary) of a General Partner’s, the Partnership’s or
their respective Subsidiary real property, within the meaning of Section 856(d)(2)(B) of the Code, (v) otherwise cause Omega REIT
to fail to qualify as a REIT under the Code, or (vi) cause the acquisition of REIT Shares by such Limited Partner to be “integrated”
with any other distribution of REIT Shares or Units for purposes of complying with the registration provisions of the Securities
Act. The General Partner, in its sole and absolute discretion and without the consent of any other Partner or Person, may waive
the restriction on redemption set forth in this Section 8.6(d).

 

(f)          Notwithstanding
anything herein to the contrary (but subject to Section 8.6(d)), with respect to any Redemption or exchange for REIT Shares
pursuant to this Section 8.6: (i) all Units acquired by a General Partner shall, at the General Partner’s option,
be converted into GP Units or remain outstanding as LP Units; (ii) except as provided in Section 8.6(g), without the consent
of the General Partner, each Limited Partner may effect a Redemption only one (1) time in each fiscal quarter; (iii) without the
consent of the General Partner, each Limited Partner may not effect a Redemption (A) for less than one thousand (1,000) LP Units
or (B) if the Limited Partner holds less than one thousand (1,000) LP Units or such Redemption would otherwise cause the Limited
Partner to hold less than one thousand (1,000) LP Units, all of the LP Units held by such Limited Partner; (iv)
without the consent of the General Partner, no Limited Partner

 

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may effect a Redemption
during the period after the Partnership Record Date with respect to a distribution and before the record date established by Omega
REIT for a distribution to its stockholders of some or all of its portion of such distribution; (v) the consummation of any
Redemption or exchange for REIT Shares shall be subject to the expiration or termination of the applicable waiting period, if any,
under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended; (vi) cause Omega REIT or the Partnership to violate
any Loan Document; (vii) each Tendering Partner shall continue to own all Units subject to any Redemption or exchange for REIT
Shares, and be treated as a Limited Partner with respect to such Units for all purposes of this Agreement, until such Units are
transferred to the General Partner and paid for or exchanged on the Specified Redemption Date, or until a Specified Redemption
Date, and until such time the Tendering Partner shall have no rights as a holder of REIT Shares; (viii) without the Consent of
the General Partner, no Tendering Partner may effect a Redemption within ninety (90) days following the closing of any underwritten
public offering or Rule 144A offering by the REIT or the Partnership generating gross proceeds of $100 million or more.

 

(g)          Nothing
herein (including the limitation set forth in Section 8.6(f)(iii)) shall prohibit the General Partner from, in its sole
and absolute discretion, acquiring Units that have not been tendered for Redemption pursuant to Section 8.6(a) and exchanging
such Units for REIT Shares.

 

(h)          Each
Limited Partner hereby covenants and agrees with the General Partner that it shall not Transfer any REIT Shares issued in exchange
for Tendered Units pursuant to this Section 8.6 for a period of at least one hundred eighty (180) days after the Effective
Date, and thereafter only in accordance with Rule 144 or another applicable exemption from the registration requirements under
the Securities Act, unless a registration statement is then in effect with respect to the resale of such REIT Shares or unless
the General Partner consents to such Transfer in its sole and absolute discretion.

 

Section
8.7.         Adjustment Factor.  The Partnership shall
notify any Limited Partner that is a Qualifying Party, on request, of the then current Adjustment Factor or any change made to
the Adjustment Factor.

 

Article
9

BOOKS, RECORDS, ACCOUNTING
AND REPORTS

 

Section
9.1.         Records and Accounting.  The General Partner
shall keep or cause to be kept at the principal office of the Partnership appropriate books and records with respect to the Partnership’s
business, including all books and records necessary to provide to the Limited Partners any information, lists and copies of documents
required to be provided pursuant to Section 8.5 and Section 9.3. Any records maintained by or on behalf of the Partnership
in the regular course of its business may be kept on, or be in the form of, electronic information servers or other storage devices,
compact discs, photographs, micrographics or any other information storage device; provided that the records so maintained
are convertible into clearly legible written form within a reasonable period of time. The books of the Partnership shall be maintained,
for financial and tax reporting purposes, on an accrual basis in accordance with GAAP. The liabilities and obligations assumed
by the Partnership in connection with the Omega Contribution or pursuant to Section 4.5(d) in connection with the issuance
by the Omega REIT

 

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of any New Debt Obligations
shall be considered to be financial obligations of the Partnership that shall be reflected on the financial books of the Partnership,
and for tax reporting purposes, irrespective of the fact that Omega REIT is the legal obligor with respect to such liabilities.

 

Section
9.2.         Fiscal Year.  The fiscal year of the Partnership
shall be the calendar year (the “Partnership Year”).

 

Section
9.3.         Reports.  The Partnership shall use reasonable
efforts to prepare within one hundred twenty (120) days after the close of each Partnership Year financial statements of the Partnership,
or of Omega REIT if such statements are prepared on a consolidated basis with the Partnership, for such Partnership Year, presented
in accordance with GAAP, which such statements shall be audited by a nationally recognized firm of independent public accountants
selected by the General Partner. Upon written request of any Limited Partner, the Partnership shall mail or otherwise make available
such audited financial statements to such Limited Partner.

 

Article
10

TAX MATTERS

 

Section
10.1.        Preparation of Tax Returns.  The General
Partner shall arrange for the preparation and timely filing of all returns of Partnership income, gains, deductions, losses and
other items required of the Partnership for federal and state income tax purposes and shall use all reasonable efforts to furnish,
within one hundred twenty (120) days of the close of each Partnership Year, the tax information reasonably required by all Partners
for federal and state income tax reporting purposes.

 

Section
10.2.        Tax Elections.  The General Partner shall determine
whether to make any available election pursuant to the Code. The Partnership shall make an election under Code Section 754.

 

Section
10.3.        Tax Matters Partner.

 

(a)          Omega
REIT shall be the “tax matters partner” of the Partnership for federal income tax purposes. Pursuant to Code Section
6223(c), upon receipt of notice from the IRS of the beginning of an administrative proceeding with respect to the Partnership,
the tax matters partner shall furnish the IRS with the name, address and profit interest of each of the Partners; provided
such information is provided to the Partnership by the Limited Partners.

 

(b)          Omega
REIT as tax matters partner shall (without Limited Partner approval) be permitted to:

 

(i)          enter
into any settlement with the IRS with respect to any administrative or judicial proceedings for the adjustment of Partnership items
required to be taken into account by a Partner for income tax purposes (such proceedings being referred to as a “tax audit”
and such judicial proceedings being referred to as “judicial review”). In any such settlement agreement, Omega REIT
may expressly state that such agreement shall bind all Partners to the extent permitted under the Code;

 

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(ii)         seek
judicial review in any court determined by Omega REIT of any final administrative adjustment at the Partnership level of any item
required to be taken into account by a Partner for tax purposes (a “final adjustment”);

 

(iii)        intervene
in any action brought by any other Partner for judicial review of a final adjustment;

 

(iv)        file
a request for an administrative adjustment with the IRS at any time and, if any part of such request is not allowed by the IRS,
file an appropriate pleading (petition or complaint) for judicial review with respect to such request;

 

(v)         enter
into an agreement with the IRS to extend the period for assessing any tax that is attributable to any item required to be taken
into account by a Partner for tax purposes, or an item affected by such item; or

 

(vi)        take
any other action on behalf of the Partners of the Partnership in connection with any tax audit or judicial review proceeding, including
with respect to any state or local tax audit or judicial proceeding.

 

The provisions relating
to indemnification of Omega REIT set forth in Section 7.6 shall be fully applicable to Omega REIT in its capacity as tax
matters partner.

 

(c)          The
tax matters partner shall receive no compensation for its services. All costs and expenses incurred by the tax matters partner
in performing its duties as such (including legal and accounting fees) shall be borne by the Partnership. Nothing herein shall
be construed to restrict the Partnership from engaging an accounting firm to assist the tax matters partner in discharging its
duties hereunder.

 

Section
10.4.        Withholding.  Each Partner hereby authorizes
the Partnership to withhold from or pay on behalf of or with respect to such Partner any amount of federal, state, local or foreign
taxes that the General Partner determines that the Partnership is required to withhold or pay with respect to any amount distributable
or allocable to such Partner pursuant to this Agreement, including any taxes required to be withheld or paid by the Partnership
pursuant to Code Sections 1441, 1442, 1445, 1446, or 1471-1474. Any amount paid on behalf of or with respect to a Partner shall
constitute a loan by the Partnership to such Partner, which loan shall be repaid by such Partner within fifteen (15) days after
notice from the General Partner that such payment must be made unless (a) the Partnership withholds such payment from a distribution
that would otherwise be made to the Partner or (b) the General Partner determines that such payment may be satisfied out of the
available funds of the Partnership which would, but for such payment, be distributed to the Partner. Any amounts withheld pursuant
to the foregoing clauses (a) or (b) shall be treated as having been distributed to such Partner. Each Partner hereby unconditionally
and irrevocably grants to the Partnership a security interest (ranking senior in priority) in such Partner’s Units to secure
such Partner’s obligation to pay to the Partnership any amounts required to be paid pursuant to this Section 10.4.
In the event that a Partner fails to pay any amounts owed to the Partnership pursuant to this Section 10.4 when due, the
General Partner may determine to make the payment to the Partnership on behalf of such defaulting Partner, and in such event shall
be deemed to have loaned such amount to such defaulting Partner and shall

 

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succeed to all rights
and remedies of the Partnership as against such defaulting Partner (including the right to receive distributions). Any amounts
payable by a Partner hereunder shall bear interest at the base rate on corporate loans at large United States money center commercial
banks, as published from time to time in The Wall Street Journal, plus two (2) percentage points (but not higher than the maximum
lawful rate) from the date such amount is due (i.e., fifteen (15) days after demand) until such amount is paid in full.
Each Partner shall take such actions as the General Partner shall reasonably request in order to perfect or enforce the security
interest created hereunder.

 

Article
11

TRANSFERS AND WITHDRAWALS

 

Section
11.1.        Transfer. 

 

(a)          No
part of a Limited Partner Interest (i) shall be subject to the claims of any creditor, any spouse for alimony or support or to
legal process, or (ii) may be voluntarily or involuntarily alienated or encumbered except as may be specifically provided for in
this Agreement.

 

(b)          No
Limited Partner shall Transfer its Partnership Interest, in whole or in part, except (i) pursuant to a Redemption made in accordance
with Section 8.6 or (ii) with the prior written consent of the General Partner (which may be withheld in its sole and absolute
discretion). Any Transfer or purported Transfer of a Partnership Interest not made in accordance with this Article
11 shall be null and void ab initio unless consented to by the General
Partner in its sole and absolute discretion.

 

(c)          Without
limiting Section 11.1(b), no Transfer of any Partnership Interest may be made to: (i) a lender to the Partnership or any
Person who is related (within the meaning of Section 1.752-4(b) of the Regulations) to any lender to the Partnership whose loan
constitutes a Nonrecourse Liability without the consent of the General Partner in
its sole and absolute discretion; provided that as a condition to such consent, the lender will be required to enter
into an arrangement with the Partnership and Omega REIT to redeem or exchange for REIT Shares any Units in which a security interest
is held by such lender concurrently with such time as such lender would be deemed to be a partner in the Partnership for purposes
of allocating liabilities to such lender under Code Section 752; or (ii) any person who is a “foreign person” within
the meaning of Code Section 1445(f) or a “foreign partner” within the meaning of Code Section 1446(e) without the consent of the General Partner in
its sole and absolute discretion.

 

Section
11.2.        Transfer of the General
Partner’s GP Units.

 

(a)          Except
as set forth in this Section 11.2 and except for Transfers to another then-existing General Partner, the General Partner
shall not withdraw from the Partnership and shall not Transfer all or any portion of its GP Units (whether by sale, disposition,
statutory merger or consolidation, liquidation or otherwise) without the Consent of a Majority in Interest of the Outside Limited
Partners, which Consent may be given or withheld in the sole and absolute discretion of
the Limited Partners; provided, however, the Consent of a Majority in Interest of the Outside Limited Partners shall
not be required for Transfers of GP Units to an Affiliate,

 

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another General Partner,
if any, or an Affiliate of another General Partner. Upon any Transfer of such a Partnership Interest pursuant to the Consent of
a Majority in Interest of the Outside Limited Partners and otherwise in accordance with the provisions of this Section 11.2(a),
the transferee shall become a successor General Partner for all purposes herein, and shall be vested with the powers and rights
of the transferor General Partner, and shall be liable for all obligations and responsible for all duties of the General Partner,
once such transferee has executed such instruments as may be necessary to effectuate such admission and to confirm the agreement
of such transferee to be bound by all the terms and provisions of this Agreement with respect to the Partnership Interest so acquired.
It is a condition to any Transfer otherwise permitted hereunder that the transferee assumes, by operation of law or express agreement,
all of the obligations of the transferor General Partner under this Agreement with respect to such Transferred Partnership Interest,
and such Transfer shall relieve the transferor General Partner, in its capacity as such, of
its obligations under this Agreement without the Consent of a Majority in Interest of the Outside Limited Partners. In the event
that the General Partner withdraws from the Partnership, in violation of this Agreement or otherwise, or otherwise dissolves or
terminates, or upon the Incapacity of the General Partner, and such General Partner is the sole General Partner of the Partnership
at such time, all of the remaining Partners may elect to continue the Partnership business by selecting a successor General Partner
in accordance with the Act.

 

(b)          Section
11.2(a) notwithstanding, the General Partner may, without the consent of the Limited Partners, Transfer its General Partner
Interest in connection with any merger, consolidation, share exchange, or sale of all or substantially all of the assets or capital
stock of Omega REIT, sale of all or substantially all of the Partnership’s assets, self-tender offer for all or substantially
all of the outstanding Units, or other business combination or reorganization involving Omega REIT or the Partnership (each, a
“Transaction”) if, as a result of such Transaction, either:

 

(i)          all
Limited Partners will receive, or have the right to elect to receive, for each Unit an amount of cash, securities or other property,
or units or other instruments evidencing the right to receive such cash securities, or other property, in each case equal in value
to the product of the Adjustment Factor and the greatest amount of cash, securities or other property paid in such transaction
to a holder of one (1) REIT Share in consideration of one (1) REIT Share; provided that if, in connection with such transaction,
a purchase, tender or exchange offer shall have been made to and accepted by the holders of more than 50% of the outstanding REIT
Shares, each holder of Units shall be given the option to exchange its Units for the greatest amount of cash, securities or other
property that a Limited Partner would have received had it (A) exercised its Redemption right pursuant to Section 8.6(a)
and (B) sold, tendered or exchanged pursuant to the offer such REIT Shares received upon exercise of the Redemption right immediately
prior to the expiration of the offer; or

 

(ii)         Omega
REIT is the surviving entity in such Transaction and either (A) the holders of REIT Shares do not receive cash, securities or other
property in the Transaction or (B) all holders of Units (other than a General Partner or any Subsidiary of a General Partner) receive
for each Unit an amount of cash, securities or other property having a value (expressed as an amount per REIT Share) that is no
less than the product of the Adjustment Factor and the greatest amount of cash, securities or other property

 

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(expressed
as an amount per REIT Share) received in such transaction by any holder of REIT Shares, or

 

(iii)        following
a Transaction involving the merger, consolidation, share exchange, or sale of all or substantially all of the assets or capital
stock of Omega REIT, (A) substantially all of the assets of the successor or surviving entity following consummation of such Transaction
(the “Survivor”), including all of the assets of the Partnership, excluding units of equity interest held by
a general partner or similar governing body of the Survivor and Units held by a General Partner, as applicable, are either contributed,
directly or indirectly, combined with or otherwise transferred to either the Partnership or another entity that is classified as
a partnership for U.S. federal income tax purposes, and for which the Survivor or an Affiliate serve as the general partner or
manager, and the Limited Partners (which may include the
General Partners in their capacities as Limited Partners)
receive additional Units or units of ownership interest in such other entity with an aggregate Fair Market Value of such
additional Units or units of ownership interest equal to the Fair Market Value of the assets so contributed, combined or transferred
as determined by the Survivor in good faith, and (B) the Survivor expressly agrees to assume all or substantially all of the
obligations of the General Partner or any Affiliate hereunder (or, in lieu thereof, the Survivor may issue a General Partner and/or
its Affiliates one or more notes, the terms of which as to payments of principal and interest mirror any such obligations of a
General Partner or its Affiliates). Upon such contribution, combination, transfer, and assumption, the Survivor shall, without
limiting the provisions of Section 14.1(a), have the right and duty to amend this Agreement as required by this Section
11.2(b)(iii). The Survivor shall in good faith arrive at a new method for the calculation of the Adjustment Factor after any
such merger or consolidation so as to approximate the existing method for such calculation as closely as reasonably possible. Such
calculation shall take into account, among other things, the kind and amount of securities, cash and other property that was receivable
upon such merger or consolidation by a holder of REIT Shares or options, warrants or other rights relating thereto, and which a
holder of Units could have acquired had such Units been exchanged immediately prior to such merger or consolidation. The above
provisions of this Section 11.2(b)(iii) shall similarly apply to successive mergers or consolidations permitted hereunder.

 

(c)          Notwithstanding
the other provisions of this Article 11 (other than Section 11.6(d)), the General Partner Interests of the General Partner may be Transferred, at any time or from time to time,
and without the Consent of any Limited Partners, to any Person that is, at the time of such Transfer, an Affiliate of the General
Partner or any successor thereto, including any Qualified REIT Subsidiary. Any transferee of a General Partner Interest pursuant
to this Section 11.2(c) shall automatically become, without further action or Consent of any Limited Partners, a general
partner of the Partnership, subject to all the rights, privileges, duties and obligations under this Agreement and the Act relating
to a general partner. The provisions of Section 11.2(a) (other than the last sentence thereof), Section 11.2(b) and
Section 11.4 shall not apply to any Transfer permitted by this Section 11.2(c).

 

(d)          Notwithstanding
any other provision of this Article 11 (other than Section 11.6(d)), the Units
held by a General Partner may be Transferred in whole or in part, at any time

 

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and from time to time,
to any Person that is, at the time of such Transfer, a successor to the General Partner or any Qualified REIT Subsidiary.

 

Section
11.3.        Transfer of Limited Partners’ Partnership Interests.

 

(a)          Without
limiting the generality of Section 11.1(b), it is expressly understood and agreed that the General Partner will not, and
will not be required to, consent, pursuant to Section 11.1(b)(ii), to any Transfer of all or any portion of any Partnership Interest unless such Transfer meets each of
the following conditions:

 

(i)          Such
Transfer is (A) made only to a single Qualified Transferee who shall, if requested by the General Partner, provide the information
and representations set forth in Section 8.6(b); provided, however, that for such purposes, all Qualified
Transferees that are Affiliates, or that comprise investment accounts or funds managed by a single Qualified Transferee and its
Affiliates, shall be considered together to be a single Qualified Transferee, (B) an assignment of the Partnership Units received
by Aviv LP pursuant to the Aviv Contribution Agreement made to one or more of Aviv LP’s partners in connection with the dissolution
or liquidation, and winding up of Aviv LP) the “Aviv LP Dissolution”); provided, however, that a recipient
of Partnership Units distributed in connection with the Aviv LP Dissolution has first provided the General Partner with investment
representations and such other information as may be reasonably requested by the General Partner, in such form and substance reasonably
satisfactory to the General Partner, establishing that such recipient is a Qualified Transferee, to effect compliance with the
Securities Act.

 

(ii)         The
transferee in such Transfer assumes by operation of law or express agreement all of the obligations of the transferor Limited Partner
under this Agreement with respect to such Transferred Partnership Interest; provided, that no such Transfer (unless made
pursuant to a statutory merger or consolidation wherein all obligations and liabilities of the transferor Partner are assumed by
a successor corporation or other entity by operation of law) shall relieve the transferor Partner of its obligations under this
Agreement without the approval of the General Partner, in its sole and absolute discretion. Notwithstanding the foregoing, any
transferee of any Transferred Partnership Interest shall be subject to any and all ownership limitations contained in the Charter
that may limit or restrict such transferee’s ability to exercise its Redemption rights, including the Equity Share Ownership
Limit. Any transferee, whether or not admitted as a Substituted Limited Partner, shall take subject to the obligations of the transferor
hereunder. Unless admitted as a Substituted Limited Partner, no transferee, whether by a voluntary Transfer, by operation of law
or otherwise, shall have any rights hereunder, other than the rights of an Assignee as provided in Section 11.5.

 

(iii)        Such
Transfer is effective as of the first day of a fiscal quarter of the Partnership Year.

 

(b)          If
a Limited Partner is subject to Incapacity, the executor, administrator, trustee, committee, guardian, conservator or receiver
of such Limited Partner’s estate shall have all the rights of a Limited Partner, but no more rights than those enjoyed by
other Limited Partners, for

 

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the purpose of settling
or managing the estate, and such power as the Incapacitated Limited Partner possessed to Transfer all or any part of his, her or
its interest in the Partnership. The Incapacity of a Limited Partner shall not cause such Limited Partner to cease to be a Limited
Partner of the Partnership and, in and of itself, shall not dissolve or terminate the Partnership.

 

(c)          In
connection with any proposed Transfer of a Limited Partner Interest, the General Partner shall have the right to receive an opinion
of counsel reasonably satisfactory to it to the effect that the proposed Transfer may be effected without registration under the
Securities Act and will not otherwise violate any federal or state securities laws or regulations applicable to the Partnership
or the Transferred Partnership Interests. If, in the opinion of such counsel, such Transfer would require the filing of a registration
statement under the Securities Act or would otherwise violate any federal or state securities laws or regulations applicable to
the Partnership or the Transferred Partnership Interests, the General Partner may prohibit the proposed Transfer.

 

(d)          Notwithstanding
anything in this Article 11 or Section 8.6 to
the contrary, except with the prior written consent of the General Partner, which may be withheld in the General Partner’s
sole and absolute discretion, a transfer of Units by
a Limited Partner to any Person will not be permitted
by the Partnership, and the General Partner shall
not admit such Person as a Partner, if (i) in the
opinion of legal counsel to the Partnership, (A) the Partnership would
be classified as an association taxable as a corporation for U.S. federal income tax purposes,
or (B) Omega REIT would no longer qualify as a REIT or
would be subject to additional taxes under Code Section 856 or 857, or Code Section 4981, as a result of such transfer of
Units, or (ii) such transfer was effectuated through
an “established securities market” or a “secondary market” (or the substantial equivalent thereof) as those
terms are defined for purposes of Code Section 7704.

 

Section
11.4.        Substituted Limited Partners.

 

(a)          A
transferee of the interest of a Limited Partner pursuant to a Transfer consented to by the General Partner pursuant to Section
11.1(b) may be admitted to the Partnership as a Substituted Limited Partner only with the written consent of the General Partner,
which consent may be given or withheld by the General Partner in its sole and absolute discretion. The failure or refusal by the
General Partner to permit a transferee of any such interests to become a Substituted Limited Partner shall not give rise to any
cause of action against the Partnership or the General Partner. Subject to the foregoing, an Assignee shall not be admitted as
a Substituted Limited Partner until and unless it furnishes to the General Partner (i) evidence of acceptance, in form and substance
satisfactory to the General Partner, of all the terms, conditions and applicable obligations of this Agreement, (ii) a counterpart
signature page to this Agreement executed by such Assignee and (iii) such other documents and instruments as may be required or
advisable, in the sole and absolute discretion of the General Partner, to effect such Assignee’s
admission as a Substituted Limited Partner.

 

(b)          A
transferee who has been admitted as a Substituted Limited Partner in accordance with this Article
11 shall have all the rights and powers and be subject to all the restrictions and liabilities of a Limited Partner
under this Agreement. The admission of any transferee as a Substituted Limited Partner shall be subject to the transferee executing
and delivering to the Partnership an acceptance of all the terms and conditions of this Agreement

 

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(including the provisions
of Section 2.4) and such other documents or instruments as may be required to effect the admission.

 

(c)          Upon
the admission of a Substituted Limited Partner, the General Partner shall amend Exhibit A to reflect the name of the Substituted
Limited Partner and the number of Units held by such Substituted Limited Partner and to eliminate or adjust, as necessary, the
name and number of Units of the predecessor of such Substituted Limited Partner.

 

Section
11.5.        Assignees.  If the General Partner, in
its sole and absolute discretion, does not consent to the admission of any transferee of any Partnership Interest as a Substituted
Limited Partner in connection with a Transfer permitted by the General Partner pursuant to Section 11.1(b), such transferee
shall be considered an Assignee for purposes of this Agreement. An Assignee shall be entitled to all the rights of an assignee
of a holder of a Partnership Interest under the Act, including the right to receive distributions from the Partnership and the
share of Net Income, Net Losses and other items of income, gain, loss, deduction and credit of the Partnership attributable to
the Units assigned to such Assignee and the rights to Transfer the Units only in accordance with the provisions of this Article
11, but shall not be deemed to be a Partner or holder of Units for any other purpose under this Agreement, and shall not be
entitled to effect a Consent or vote or effect a Redemption with respect to such Units on any matter presented to the Limited Partners
for approval (such right to Consent or vote or effect a Redemption, to the extent provided in this Agreement or under the Act,
fully remaining with the transferor Limited Partner). In the event that any such transferee desires to make a further assignment
of any such Units, such Assignee shall be subject to all the provisions of this Article 11 to the same extent and in the
same manner as any Limited Partner desiring to make an assignment of Units.

 

Section
11.6.        General Provisions.

 

(a)          No
Limited Partner may withdraw from the Partnership other than as a result of a permitted Transfer of all of such Limited Partner’s
Units in accordance with this Article 11, with respect to which the transferee becomes
a Substituted Limited Partner, or pursuant to a redemption (or acquisition by Omega REIT) of all of its Units pursuant to a Redemption
under Section 8.6.

 

(b)          Any
Limited Partner who shall Transfer all of his, her or its Units in a Transfer (i) consented to by the General Partner pursuant
to this Article 11 where such transferee was admitted as a Substituted Limited Partner,
(ii) pursuant to the exercise of its rights to effect a redemption of all of its Units pursuant to a Redemption under Section
8.6 or (iii) to Omega REIT, whether or not pursuant to Section 8.6(b), shall cease to be a Limited Partner as of the
effectiveness of the Transfer.

 

(c)          If
any Unit is Transferred in compliance with the provisions of this Article 11, or
is redeemed by the Partnership, or acquired by Omega REIT pursuant to Section 8.6, on any day other than the first day of
a Partnership Year, then Net Income, Net Losses, each item thereof and all other items of income, gain, loss, deduction and credit
attributable to such Unit for such Partnership Year shall be allocated to the transferor Partner or the Tendering Partner, as the
case may be, and, in the case of a Transfer or assignment other than a Redemption, to the transferee

 

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Partner, by taking into
account their varying interests during the Partnership Year in accordance with Code Section 706(d), using the “interim closing
of the books” method or another permissible method selected by the General Partner. Solely for purposes of making such allocations,
each of such items for the calendar month in which a Transfer occurs shall be allocated to the transferee Partner and none of such
items for the calendar month in which a Transfer or a Redemption occurs shall be allocated to the transferor Partner or the Tendering
Partner, as the case may be, if such Transfer occurs on or before the fifteenth (15th) day of the month, otherwise all
such items shall be allocated to the transferor; provided, however, that the General Partner may adopt such other conventions
relating to allocations in connection with Transfers or Redemptions as it deems necessary or appropriate. All distributions of
Available Cash attributable to such Unit with respect to which the Partnership Record Date is before the date of such Transfer,
assignment or Redemption shall be made to the transferor Partner or the Tendering Partner, as the case may be, and, in the case
of a Transfer other than a Redemption, all distributions of Available Cash thereafter attributable to such Unit shall be made to
the transferee Partner.

 

(d)          In
addition to any other restrictions on Transfer contained in this Agreement, in no event may any Transfer or assignment of a Partnership
Interest by any Partner (including any Redemption, any acquisition of Units by Omega REIT or any other acquisition of Units by
the Partnership) be made: (i) to any Person who lacks the legal right, power or capacity to own a Partnership Interest; (ii) in
violation of applicable law; (iii) with respect to LP Units only, of any component portion of a Partnership Interest, such as the
Capital Account, or rights to distributions, separate and apart from all other components of a Partnership Interest; (iv) if such
Transfer could reasonably be expected to cause Omega REIT to cease to comply with the REIT Requirements; (v) if such Transfer could
reasonably be expected to, on advice of legal counsel to the Partnership or the General Partner, cause a termination of the Partnership
for federal or state income tax purposes; (vi) if such Transfer could reasonably be expected to, on advice of legal counsel to
the Partnership, cause the Partnership to cease to be classified as a partnership for federal income tax purposes; (vii) if such
Transfer, on advice of legal counsel to the Partnership or the General Partner, could reasonably be expected to adversely affect
the ability of Omega REIT to continue to qualify as a REIT or subject Omega REIT to any additional taxes under Code Section 857
or Code Section 4981; (viii) if such Transfer could reasonably be expected to cause the Partnership to become, with respect to
any employee benefit plan subject to Title I of ERISA or any plan subject to Code Section 4975, a “party-in-interest”
(as defined in ERISA Section 3(14)) or a “disqualified person” (as defined in Code Section 4975(c)); (ix) to any
benefit plan investor within the meaning of Department of Labor Regulations Section 2510.3-101(f); (x) if such Transfer could reasonably
be expected to, on advice of legal counsel to the Partnership or the General Partner, cause any portion of the assets of the Partnership
to constitute assets of any employee benefit plan pursuant to Department of Labor Regulations Section 2510.3-101; (xi) if such
Transfer requires the registration of such Partnership Interest pursuant to any applicable federal or state securities laws; (xii)
if such Transfer would be effectuated through an “established securities market” or a “secondary market”
(or the substantial equivalent thereof) within the meaning of Code Section 7704) or if such
Transfer causes the Partnership to become a “publicly traded partnership,” as such term is defined in Code Sections
469(k)(2) or 7704(b); or (xiii) if such Transfer subjects the Partnership to regulation under the Investment Company Act of 1940,
as amended, the Investment Advisors Act of 1940, as amended, or ERISA, except in the

 

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case of each of clauses
(iii) through (xii), with prior written consent of the General Partner, which consent may be granted or withheld in its sole and
absolute discretion.

 

(e)          The
General Partner shall monitor the Transfers of Partnership Interests (including any acquisition of Common Units by the Partnership
or the Omega REIT) to determine (i) if such interests could be treated as being traded on an “established securities market”
or a “secondary market (or the substantial equivalent thereof)” within the meaning of Section 7704 of the Code
and the regulations thereunder and (ii) whether such transfers of interests could result in the Partnership being unable to qualify
for the “safe harbors” set forth in Regulations Section 1.7704-1 (or such other guidance subsequently published
by the IRS setting forth safe harbors under which interests will not be treated as “readily tradable on a secondary market
(or the substantial equivalent thereof)” within the meaning of Section 7704 of the Code) (the “PTP Safe Harbors”).
The General Partner shall have the authority (but shall not be required) to take any steps it determines are necessary or appropriate
in its sole and absolute discretion (i) to prevent any trading of interests which could cause the Partnership to become
a “publicly traded partnership,” within the meaning of Code Section 7704, or any recognition by the Partnership
of such transfers, (ii) to ensure that one or more of the PTP Safe Harbors is met and/or (iii) to ensure that the Partnership satisfies
the “qualifying income” exemption of Section 7704(c) of the Code from treatment as a publicly traded partnership
taxable as a corporation.

 

Article
12

ADMISSION OF PARTNERS

 

Section
12.1.       Admission of Successor General Partner and Additional
General Partners. The acquirer of the General Partner’s GP Units pursuant to a Transfer permitted by Section 11.2
or issuance pursuant to Section 4.4, which is proposed to be admitted as an additional or a successor General Partner shall
be admitted to the Partnership as a General Partner, without the consent of any Limited Partner, effective upon such Transfer or
issuance. Upon any such Transfer and the admission of any such transferee as a successor General Partner in accordance with this
Section 12.1, the transferor General Partner shall be relieved of all of its obligations under this Agreement and shall
cease to be a general partner of the Partnership without any separate Consent of the Limited Partners. Any such successor General
Partner, if named to be Principal General Partner in Exhibit A hereto, shall carry on the business of the Partnership without
dissolution. The admission shall be subject to the successor General Partner executing and delivering to the Partnership an acceptance
of all of the terms and conditions of this Agreement and such other documents or instruments as may be required to effect the admission.
In the case of such admission on any day other than the first (1st) day of a Partnership Year, all items attributable
to the Partnership Interests for such Partnership Year shall be allocated between the transferring General Partner and such successor
as provided in Section 11.6(c). Upon any such Transfer, the transferee shall become the successor General Partner (and,
if appropriate, the Principal General Partner) for all purposes herein, and shall be vested with the powers and rights of the transferor
General Partner, and shall be liable for all of the obligations and responsible for all of the duties of the General Partner.

 

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Section
12.2.       Admission of Additional Limited Partners.

 

(a)          A
Person not already a Partner who receives LP Units or an award of LTIP Units in accordance with this Agreement shall be admitted
to the Partnership as an Additional Limited Partner only upon furnishing to the General Partner (i) evidence of acceptance in form
satisfactory to the General Partner of all of the terms and conditions of this Agreement, including the power of attorney granted
in Section 2.4, and (ii) such other documents or instruments as may be required in the sole and absolute discretion
of the General Partner in order to effect such Person’s admission as an Additional Limited Partner.

 

(b)          Notwithstanding
anything to the contrary in this Section 12.2, no Person shall be admitted as an Additional Limited Partner without the
consent of the General Partner in its sole and absolute discretion. The admission of any Person as an Additional Limited Partner
shall become effective on the date upon which the name of such Person is recorded on the books and records of the Partnership,
which shall occur on the last date upon which each of the following conditions has been satisfied: (i) the Capital Contribution
in respect of such Limited Partner is received, (ii) the consent of the General Partner to such admission is obtained and (iii)
the documents required by Section 12.2(a) are furnished to the General Partner. If any Additional Limited Partner is admitted
to the Partnership on any day other than the first (1st) day of a Partnership Year, then Net Income, Net Losses, each
item thereof and all other items allocable among Partners and Assignees for such Partnership Year shall be allocated among such
Limited Partner and all other Partners and Assignees using any method permitted under Code Section 706 as the General Partner determine.
All distributions of Available Cash with respect to which the Partnership Record Date is before the date of such admission shall
be made solely to Partners and Assignees other than the Additional Limited Partner (other than in its capacity as an Assignee,
if applicable) and, except as otherwise agreed to by the Additional Limited Partner and the General Partner,
all distributions of Available Cash thereafter shall be made to all Partners and Assignees including such Additional Limited
Partner.

 

Section
12.3.       Amendment of Agreement and Certificate of Limited Partnership.  For
the admission to the Partnership of any Partner, the General Partner shall take all steps necessary and appropriate under the Act
to amend the records of the Partnership and, if necessary, to prepare as soon as practical an amendment of this Agreement (including
an amendment of Exhibit A) and, if required by law, shall prepare and file an amendment to the Certificate and may for this
purpose exercise the power of attorney granted pursuant to Section 2.4.

 

Article
13

DISSOLUTION AND LIQUIDATION

 

Section
13.1.      Dissolution.  The Partnership shall not
be dissolved by the admission of Substituted Limited Partners or Additional Limited Partners or by the admission of a successor
General Partner or Additional General Partner in accordance with the terms of this Agreement. The Partnership shall dissolve, and
its affairs shall be wound up, upon the first to occur of any of the following (each, a “Liquidating Event”):

 

(a)          an
event of withdrawal (as defined in the Act) of the sole remaining General Partner, unless, within ninety (90) days after the withdrawal,
a Majority in Interest of the Outside Limited Partners Consent, in their sole and absolute discretion, to continue the business
of the

 

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Partnership and to the
appointment, effective as of the date of withdrawal, of a substitute general partner, who shall be a Principal General Partner
for all purposes;

 

(b)          an
election to dissolve the Partnership made by the General Partner in
its sole and absolute discretion, with or without the Consent of a Majority in Interest of the Outside Limited Partners;

 

(c)          the
entry of a decree of judicial dissolution of the Partnership pursuant to the provisions of the Act;

 

(d)          the
occurrence of any sale or other disposition of all or substantially all of the Partnership Assets or a related series of transactions
that, taken together, result in the sale or other disposition of all or substantially all of the Partnership Assets;

 

(e)          the
Redemption (or acquisition by the General Partner) of all Units other than Units held by the General Partner; or

 

(f)          the
Incapacity of the sole remaining General Partner, unless, within ninety (90) days after the event causing such Incapacity, a Majority
in Interest of the Outside Limited Partners Consent to continue the business of the Partnership and to the appointment, effective
as of the date of such Incapacity, of a substitute general partner, who shall be a Principal General Partner for all purposes.

 

Section
13.2.       Winding Up.

 

(a)          Upon
the occurrence of a Liquidating Event, the Partnership shall continue solely for the purposes of winding up its affairs in an orderly
manner, liquidating its assets and satisfying the claims of its creditors and Partners. No Partner shall take any action that is
inconsistent with, or not necessary to or appropriate for, the winding up of the Partnership’s business and affairs. The
sole remaining General Partner or, in the event that there is no remaining General Partner or the sole remaining General Partner
has dissolved, become bankrupt within the meaning of the Act or ceased to operate, any Person elected by a Majority in Interest
of the Outside Limited Partners (the General Partner or such other Person being referred to herein as the “Liquidator”)
shall be responsible for overseeing the winding up and dissolution of the Partnership and shall take full account of the Partnership’s
liabilities and property and the Partnership Assets shall be liquidated as promptly as is consistent with obtaining the fair value
thereof, and the proceeds therefrom shall be applied and distributed in the following order:

 

(i)          First,
to the payment and discharge of all of the Partnership’s debts and liabilities to creditors other than the Partners;

 

(ii)         Second,
to the payment and discharge of all of the Partnership’s debts and liabilities to the General Partner including amounts due
as reimbursements under Section 7.3;

 

(iii)        Third,
to the payment and discharge of all of the Partnership’s debts and liabilities to the Partners, pro rata; and

 

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(iv)        The
balance, if any, in accordance with Section 5.1(a); provided, however, distributions to a Holder of LTIP Units
shall not exceed such Holder’s positive Capital Account Balance with respect to such LTIP Units.

 

No General Partner
shall receive any additional compensation for any services performed pursuant to this Article 13 other than reimbursement
of its expenses as provided in Section 7.3. If any Partner has a deficit balance in its Capital Account, such Partner shall
have no obligation to make any contribution to the capital of the Partnership with respect to such deficit, and such deficit shall
not be considered a debt owed to the Partnership or to any other Person for any purpose whatsoever.

 

(b)          Notwithstanding
the provisions of Section 13.2(a) which require liquidation of the Partnership Assets, but subject to the order of priorities
set forth therein, if prior to or upon dissolution of the Partnership the Liquidator determines that an immediate sale of part
or all of the Partnership Assets would be impractical or would cause undue loss to the Partners, the Liquidator may, in its sole
and absolute discretion, defer for a reasonable time the liquidation of any Partnership Assets except those necessary to satisfy
liabilities of the Partnership (including to those Partners as creditors) and/or distribute to the Partners, in lieu of cash, as
tenants in common and in accordance with the provisions of Section 13.2(a), undivided interests in such Partnership Assets
as the Liquidator deems not suitable for liquidation. Any such distributions in kind shall be made only if in the good faith judgment
of the Liquidator, such distributions in kind are in the best interest of the Partners, and shall be subject to such conditions
relating to the disposition and management of such properties as the Liquidator deems reasonable and equitable and to any agreements
governing the operation of such properties at such time. The Liquidator shall determine the fair market value of any property distributed
in kind using such reasonable method of valuation as it may adopt.

 

Section
13.3.       Deemed Contribution and Distribution.  Notwithstanding
any other provision of this Article 13, in the event the Partnership is liquidated within the meaning of Regulations Section
1.704-1(b)(2)(ii)(g) but no Liquidating Event has occurred, the Partnership Assets shall not be liquidated, the Partnership’s
liabilities shall not be paid or discharged and the Partnership’s affairs shall not be wound up. Instead, the Partnership
shall be deemed to have contributed the Partnership Assets to a new partnership, in exchange for an interest in the new partnership,
which new partnership shall be deemed to have assumed and taken such property subject to all Partnership liabilities. Immediately
thereafter, the Partnership shall be deemed to distribute the interests in the new partnership, in liquidation of the Partnership,
to the General Partner and the Limited Partners, in proportion to the Partners’ respective interests in the Partnership,
for the continuation of the business.

 

Section
13.4.       Rights of Limited Partners.  Except as
otherwise provided in this Agreement, (a) each Limited Partner shall look solely to the Partnership Assets for the return of its
Capital Contribution and (b) no Limited Partner shall have the right or power to demand or receive property from the Partnership.

 

Section
13.5.       Notice of Dissolution.  In the event a
Liquidating Event occurs or an event occurs that would, but for provisions of Section 13.1, result in a dissolution of the
Partnership,

 

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the General Partner shall,
within thirty (30) days thereafter, provide written notice thereof to each of the Partners.

 

Section
13.6.       Cancellation of Certificate of Limited Partnership.  Upon
the completion of the liquidation of the Partnership’s cash, property and other assets as provided in Section 13.2,
the Partnership shall be terminated and the Certificate and all qualifications of the Partnership as a foreign limited partnership
in jurisdictions other than the State of Delaware shall be canceled and such other actions as may be necessary to terminate the
Partnership shall be taken.

 

Section
13.7.       Reasonable Time for Winding-Up.  A reasonable
time shall be allowed for the orderly winding-up of the business and affairs of the Partnership and the liquidation of its assets
pursuant to Section 13.2, in order to minimize any losses otherwise attendant upon such winding-up, and the provisions of
this Agreement shall remain in effect between the Partners during the period of liquidation.

 

Section
13.8.       Waiver of Partition.  Each Partner hereby
waives any right to partition of the Partnership Assets.

 

Article
14

AMENDMENT OF PARTNERSHIP
AGREEMENT; CONSENTS

 

Section
14.1.       Amendments without Limited Partner Consent.

 

(a)          Without
limiting the powers of the General Partner as set forth in Section 7.1, each Limited Partner agrees that the General Partner
(pursuant to its powers of attorney from the Limited Partners and Assignees), without the approval of any Limited Partner or Assignee,
may amend any provision of this Agreement, and execute, swear to acknowledge, deliver, file and record whatever documents may be
required in connection therewith, to:

 

(i)          reflect
a change in the name of the Partnership or the location of the principal place of business of the Partnership;

 

(ii)         reflect
the admission, substitution, withdrawal or removal of Partners in accordance with this Agreement and to amend Exhibit A
in connection with such admission, substitution, withdrawal or removal;

 

(iii)        reflect
a change that, in the sole and absolute discretion of the General Partner is reasonable and necessary or appropriate to qualify
or continue the qualification of the Partnership as a limited partnership or a partnership in which the limited partners have limited
liability under the laws of any state or that is necessary or advisable in the opinion of the General Partner to ensure that the
Partnership will not be taxable as a corporation or an association taxable as a corporation for federal income tax purposes;

 

(iv)        reflect
a change (A) that in the sole and absolute discretion of the General Partner does not adversely affect the Limited Partners in
any material respect (including, but not limited to, Section 11.2(b) to the extent that any amendment to such section, that
in the sole and absolute discretion, of the General Partner, is or may be required to

 

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facilitate
a Transaction) or (B) that is required to effect the intent of the provisions of this Agreement or otherwise contemplated by this
Agreement;

 

(v)         add
to the obligations of the General Partner or surrender any right or power granted to the General Partner to any other Affiliate
of a General Partner for the benefit of the Limited Partners;

 

(vi)        satisfy
the provisions of any order, directive, opinion, ruling or regulation of a federal or state agency or contained in federal or state
law which is binding upon the Partnership;

 

(vii)       reflect
such changes as are determined by the General Partner in its sole and absolute discretion to be necessary or appropriate for Omega
REIT to maintain or restore its status as a REIT or to satisfy the REIT Requirements;

 

(viii)      to
reflect the Transfer of all or any part of a Partnership Interest between the General Partner and any Qualified REIT Subsidiary;

 

(ix)         to
modify the manner in which Capital Accounts are computed (but only to the extent set forth in the definition of “Capital
Account” or contemplated by the Code or the Regulations);

 

(x)          reflect
an amendment that is necessary or advisable in the opinion of the General Partner to prevent the Partnership or Omega REIT or its
directors or officers from in any manner being subjected to the provisions of the Investment Company Act of 1940, as amended, or
the Investment Advisers Act of 1940, as amended;

 

(xi)         reflect
such actions as may be necessary or appropriate to avoid the Partnership Assets being treated for any purpose of ERISA or Code
Section 4975 as assets of any “employee benefit plan” as defined in and subject to ERISA or of any “plan”
subject to Code Section 4975 (or any corresponding provisions of succeeding law) or to avoid the Partnership’s
engaging in a prohibited transaction as defined in Section 406 of ERISA or Code Section 4975(c);

 

(xii)        reflect
an amendment that in the sole and absolute discretion of the General Partner is necessary or desirable in connection with the issuance
of any Units or adoption of any Equity Incentive Plan pursuant to Article 4;

 

(xiii)       reflect
an amendment as may be required in the General Partner’s sole and absolute discretion to comply with provisions of Loan Documents;

 

(xiv)      reflect
any amendment expressly permitted in this Agreement to be made by the General Partner; or

 

(xv)       reflect
any other amendment similar to the foregoing.

 

(b)          Notwithstanding
the foregoing, this Agreement shall not be amended, and no action may be taken by the General Partner, without the Consent of each
Partner adversely

 

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affected if such amendment
or action would (i) convert a Limited Partner’s interest in the Partnership into a General Partner Interest, (ii) modify
the limited liability of a Limited Partner, (iii) alter the rights of any Partner to receive distributions pursuant to Article
5 or Section 13.2(a)(iv), or the allocations specified in Article 6 (except as
permitted pursuant to Section 4.4, Section 4.5 and Section 6.2(c)) or (iv) amend this Section 14.1(b).

 

(c)          Except
as otherwise provided in Section 14.1(a) and Section 14.1(b), amendments to this Agreement shall require the affirmative
consent of the General Partner and of Partners (which, for the avoidance of doubt, may include any General Partner) owning in the
aggregate a majority of the Common Units.

 

Section 14.2.       Amendments with Limited Partner Consent.  Amendments
to this Agreement requiring Consent of the Limited Partners may be proposed only by the General Partner. Following such proposal,
the General Partner shall submit any proposed amendment to the Limited Partners for approval in accordance with Section 14.3.

 

Section 14.3.       Meetings of and Actions by the Partners.

 

(a)          Meetings
of the Partners may be called by the General Partner at its sole and absolute discretion. The call shall state the nature of the
business to be transacted. Notice of any such meeting shall be given to all Partners not less than seven (7) days nor more than
thirty (30) days prior to the date of such meeting. Partners may vote in person or by proxy at such meeting. Whenever the vote
or Consent of Partners is permitted or required under this Agreement, such vote or Consent may be given by proxy or at a meeting
of Partners or may be given in accordance with the procedure prescribed in Section 14.3(b).

 

(b)          Any
action required or permitted to be taken at a meeting of the Partners may be taken without a meeting if a written consent setting
forth the action so taken is signed by the Holders of a majority of the Percentage Interests of the Partners (or such other percentage
as is expressly required by this Agreement for the action in question). Such consent may be in one instrument or in several instruments,
and shall have the same force and effect as a vote of a majority of the Percentage Interests of the Partners (or such other percentage
as is expressly required by this Agreement) at a meeting of the Partners. For purposes of obtaining such consent, the General Partner
may require a response within a reasonable specified time, but not less than ten (10) days, and failure to respond in such time
period shall constitute a Consent that is consistent with the General Partner’s recommendation with respect to the proposal;
provided, however, that an action shall become effective at such time as requisite Consents are received even if
prior to such specified time. Such Consent shall be filed with the General Partner.

 

(c)          Each
Limited Partner may authorize any Person or Persons to act for him, her or it by proxy on all matters in which a Limited Partner
is entitled to participate, including waiving notice of any meeting, or voting or participating at a meeting. Every proxy must
be signed by the Limited Partner or his, her or its attorney-in-fact. No proxy shall be valid after the expiration of eleven (11)
months from the date thereof unless otherwise provided in the proxy (or there is receipt of a proxy authorizing a later date).
Every proxy shall be revocable at the pleasure of the Limited Partner executing it, such revocation to be effective upon the Partnership’s
receipt of written notice of such revocation from the Limited Partner executing such proxy. The use of

 

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proxies will be governed
in the same manner as in the case of corporations organized under the General Corporation Law of Delaware (including Section 212
thereof).

 

(d)          Each
meeting of Partners shall be conducted by the General Partner or such other Person as the General Partner may appoint pursuant
to such rules for the conduct of the meeting as the General Partner or such other Person deems appropriate in its sole and absolute
discretion.

 

(e)          On
matters on which Limited Partners are entitled to vote, each Limited Partner holding Units shall be entitled to cast a number of
votes equal to the number of Units held by such Limited Partner.

 

(f)          Except
as otherwise expressly provided in this Agreement, the Consent of Holders of Partnership Interests representing a majority of the
Partnership Interests of the Limited Partners shall control.

 

Article
15

LTIP UNITS

 

Section
15.1.       Designation.  Section 4.3 establishes
a class of Units in the Partnership designated as the “LTIP Units.” The number of LTIP Units that may be issued
is not limited by this Agreement.

 

Section
15.2.       Vesting.

 

(a)          Generally.  LTIP
Units may, in the sole and absolute discretion of the General Partner, be issued subject to vesting, forfeiture and additional
restrictions on transfer pursuant to the terms of an award, vesting or other similar agreement (a “Vesting Agreement”).
The terms of any Vesting Agreement may be modified by the General Partner from time to time in its sole and absolute discretion,
subject to any restrictions on amendment imposed by the relevant Vesting Agreement or by the Equity Incentive Plan, if applicable.
LTIP Units that were fully vested when issued or that have vested and are no longer subject to forfeiture under the terms of a
Vesting Agreement are referred to as “Vested LTIP Units” and all other LTIP Units shall be treated as “Unvested
LTIP Units.” LTIP Units that are issued subject to the achievement of specified performance criteria are referred to
as “Unearned LTIP Units” until such time as the relevant performance criteria have been met at which time such
LTIP Units are referred to as “Earned LTIP Units.” Earned LTIP Units that are subject to vesting and forfeiture
provisions pursuant to the terms of a Vesting Agreement are referred to as “Earned Unvested LTIP Units.”

 

(b)          Forfeiture.  Unless
otherwise specified in the Vesting Agreement, the Equity Incentive Plan or in any other applicable compensatory arrangement or
incentive program pursuant to which LTIP Units are issued, upon the occurrence of any event specified in such Vesting Agreement,
Equity Incentive Plan, arrangement or program as resulting in either the right of the Partnership or the General Partner to repurchase
LTIP Units at a specified purchase price or some other forfeiture of any LTIP Units, then if the Partnership or the General Partner
exercise such right to repurchase or upon the occurrence of the event causing forfeiture in accordance with the applicable Vesting
Agreement, Equity Incentive Plan, arrangement or program, then the relevant LTIP Units shall immediately, and without any further
action, be

 

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treated as cancelled
and no longer outstanding for any purpose. Unless otherwise specified in the applicable Vesting Agreement, Equity Incentive Plan,
arrangement or program, no consideration or other payment shall be due with respect to any LTIP Units that have been forfeited,
other than any distributions declared with respect to a Partnership Record Date and with respect to such LTIP Units prior to the
effective date of the forfeiture if so provided by the terms of the applicable Vesting Agreement, Equity Incentive Plan, arrangement
or program. Except as otherwise provided in this Agreement (including without limitation Section 6.2(a)(i)) or any agreement
relating to the grant of LTIP Units, in connection with any repurchase or forfeiture of such LTIP Units, if such Holder continues
to hold LTIP Units after such repurchase or forfeiture, the Capital Account balance of the holder of LTIP Units that is attributable
to all of his or her remaining LTIP Units shall be reduced by the amount, if any, needed to reduce such Capital Account balance
to an amount that would equal the target balance contemplated by Section 6.2(a)(i), had such historic calculations under Section 6.2(a)(i) been made only with respect to such holder’s
remaining LTIP Units.

 

Section
15.3.       Adjustments.  The Partnership shall maintain
at all times a one-to-one correspondence between LTIP Units and LP Units for conversion, distribution and other purposes, including
without limitation complying with the following procedures; provided, that the foregoing is not intended to alter the special
allocations pursuant to Section 6.2(a)(i), differences between distributions to be made with respect to LTIP Units and LP
Units pursuant to Section 13.2 and Section 15.4(c) in the event that the Capital Accounts attributable to the LTIP
Units are less than those attributable to LP Units due to insufficient special allocation pursuant to Section 6.2(a)(i)
or related provisions. If an Adjustment Event occurs, then the General Partner shall take any action reasonably necessary, including
any amendment to this Agreement or Exhibit A adjusting the number of outstanding LTIP Units or subdividing or combining
outstanding LTIP Units, to maintain a one-for-one conversion and economic equivalence ratio between LP Units and LTIP Units. The
following shall be “Adjustment Events”: (i) the Partnership makes a distribution on all outstanding LP Units
in Units, (ii) the Partnership subdivides the outstanding LP Units into a greater number of Units or combines the outstanding
LP Units into a smaller number of Units, or (iii) the Partnership issues any Units in exchange for its outstanding LP Units by
way of a reclassification or recapitalization of its LP Units. If more than one Adjustment Event occurs, any adjustment to the
LTIP Units need be made only once using a single formula that takes into account each and every Adjustment Event as if all Adjustment
Events occurred simultaneously. For the avoidance of doubt, the following shall not be Adjustment Events: (x) the issuance of Units
in a financing, reorganization, acquisition or other similar business transaction, (y) the issuance of Units pursuant to any Equity
Incentive Plan or any employee benefit or compensation plan or distribution reinvestment plan, or (z) the issuance of any GP Units
to a General Partner in respect of a Capital Contribution to the Partnership of proceeds from the sale of securities by Omega REIT.
If the Partnership takes an action affecting the LP Units other than actions specifically described above as Adjustment Events
and in the opinion of the General Partner such action would require action to maintain the one-to-one correspondence described
above, the General Partner shall have the right to take such action, to the extent permitted by law, the Equity Incentive Plan
and any other compensatory arrangement or incentive program pursuant to which LTIP Units are issued, in such manner and at such
time as the General Partner, in its sole and absolute discretion, may determine to be reasonably appropriate under the circumstances.
If an amendment is made to this Agreement adjusting the number of outstanding LTIP Units as herein provided, the Partnership shall

 

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promptly file in the
books and records of the Partnership a certificate of the General Partner setting forth a brief statement of the facts requiring
such adjustment, which certificate shall be conclusive evidence of the correctness of such adjustment absent manifest error. Promptly
after filing of such certificate, the Partnership shall mail a notice to each LTIP Unit Holder setting forth the adjustment to
his or her LTIP Units and the effective date of such adjustment.

 

Section
15.4.       Distributions.

 

(a)          Distributions
Generally.  Distributions on the LTIP Units, if authorized, under the provisions of Section 5.1(a) or Section
5.1(c) shall be payable in such amounts as authorized, subject to adjustment or modification as set forth in the Equity Incentive
Plan or any applicable Vesting Agreement and on such dates and in such manner as may be authorized by the General Partner (any
such date, an “LTIP Unit Distribution Participation Date”); provided that, except as otherwise provided
in this Agreement, the Equity Incentive Plan, any applicable Vesting Agreement or by the General Partner with respect to any particular
class or series of LTIP Units, the LTIP Unit Distribution Participation Date shall be the same as the corresponding Partnership
Record Date relating to the corresponding distribution on the LP Units.

 

(b)          Other
Distributions.  Pursuant to Section 5.1(b), and except as otherwise provided in this Agreement, the Equity
Incentive Plan, any applicable Vesting Agreement or by the General Partner with respect to any particular class or series of LTIP
Units, the General Partner may from time to time make, and the Holders of LTIP Units shall be entitled to receive, distributions
(other than distributions upon the occurrence of a Liquidating Event or proceeds from a Terminating Capital Transaction) of Available
Cash in an amount per LTIP Unit equal to the amount of any such distributions that would have been payable to such holders if the
LTIP Units had been LP Units (if applicable, assuming such LTIP Units were held for the entire period to which such distributions
relate) so as to otherwise comply with of the terms of an Equity Incentive Plan, or the terms set forth in any Vesting Agreement.
Such distributions can, but need not be, made proportionately to the of holders of LTIP Units. Any distribution of cash made to
any holders of LTIP Units pursuant to this Section 15.4(b) shall not be considered a distribution of Available Cash under
Section 5.1(a) or Section 5.1(c) to which holders of Common Units otherwise would be entitled to their proportionate
share of such distribution.

 

(c)          Liquidating
Distributions.  Holders of Vested LTIP Units and Earned Unvested LTIP Units shall also be entitled to receive distributions
upon the occurrence of a Liquidating Event or proceeds from a Terminating Capital Transaction in accordance with Section 13.2.

 

Section
15.5.       Allocations.  Holders of LTIP Units shall
be allocated Net Income and Net Loss as set forth in Article 6; for purposes of clarity, generally pursuant to Section
6.1 with respect to distributions made pursuant to Section 15.4(a) and Section 6.2(a)(ii) with respect to distributions
made pursuant to Section 15.4(b) or Section 15.4(c).

 

Section
15.6.       Transfers.  Subject to the terms of any
Vesting Agreement, a holder of LTIP Units shall be entitled to transfer his or her LTIP Units to the same extent, and subject to
the same restrictions as holders of LP Units are entitled to transfer their LP Units pursuant to Article 11.

 

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Section
15.7.       Redemption.  The right to Redemption provided
in Section 8.6 shall not apply with respect to LTIP Units.

 

Section
15.8.       Legend.  Any certificate evidencing an
LTIP Unit shall bear an appropriate legend indicating that additional terms, conditions and restrictions on transfer, including
without limitation any Vesting Agreement, apply to the LTIP Unit.

 

Section
15.9.       Conversion to Partnership LP Unit.

 

(a)          A
holder of Unvested LTIP Units shall have the right (the “Conversion Right”), at his or her option, at any time
to convert all or a portion of his or her Vested LTIP Units into LP Units; provided, however, that such holder may
not exercise the Conversion Right for less than one thousand (1,000) Vested LTIP Units or, if such holder holds less than one thousand
(1,000) Vested LTIP Units, all of the Vested LTIP Units held by such holder. Holders of Unvested LTIP Units and Earned Unvested
LTIP Units shall not have the right to convert such Units into LP Units until they become Vested LTIP Units; provided, however,
that when a holder of LTIP Units is notified of the expected occurrence of an event that will cause his or her Unvested LTIP Units
or Earned Unvested LTIP Units to become Vested LTIP Units, such holder may give the Partnership a Conversion Notice conditioned
upon and effective as of the time of vesting and such Conversion Notice, unless subsequently revoked by the holder, shall be accepted
by the Partnership subject to such condition. In all cases, the conversion of any LTIP Units into LP Units shall be subject to
the conditions and procedures set forth in this Section 15.9.

 

(b)          A
holder of LTIP Units may convert his or her Vested LTIP Units into an equal number of fully paid and non-assessable LP Units, giving
effect to all adjustments (if any) made pursuant to Section 15.3. Notwithstanding the foregoing, in no event may a holder
of LTIP Units convert a number of Vested LTIP Units that exceeds (x) the Economic Capital Account Balance of such holder, to the
extent attributable to his or her ownership of LTIP Units, divided by (y) the Common Unit Economic Balance, in each case as determined
as of the effective date of conversion (the “Capital Account Limitation”). In order to exercise his or her Conversion
Right, a holder of LTIP Units shall deliver a notice (a “Conversion Notice”) to the Partnership (with a copy
to the General Partner) in the form attached as Exhibit C not less than three (3) nor more than ten (10) days prior to a
date (the “Conversion Date”) specified in such Conversion Notice; provided, however, that if the
General Partner has not given to the holder of LTIP Units notice of a proposed or upcoming Transaction at least thirty (30) days
prior to the effective date of such Transaction, then the holder shall have the right to deliver a Conversion Notice until the
earlier of (x) the tenth (10th) day after such notice from the General Partner of a Transaction or (y) the third Business
Day immediately preceding the effective date of such Transaction. Each holder of LTIP Units seeking to convert Vested LTIP Units
represents and warrants to the Partnership that all Vested LTIP Units to be converted pursuant to this Section 15.9 shall
be free and clear of all liens. Notwithstanding anything herein to the contrary, a holder of LTIP Units may deliver a Notice of
Redemption pursuant to Section 8.6 relating to such LP Units in advance of the Conversion Date; provided, however,
that the redemption of such LP Units by the Partnership shall in no event take place until on or after the Conversion Date. For
clarity, it is noted that the objective of this paragraph is to put a holder of LTIP Units in a position where, if he or she so
wishes, the LP Units into which his or her Vested LTIP Units will be converted can

 

    	69

    	 

    

  

be redeemed by the Partnership
pursuant to Section 8.6 simultaneously with such conversion, with the further consequence that, if the General Partner elects
to assume the Partnership’s Redemption obligation with respect to such LP Units under Section 8.6 by delivering to
such holder REIT Shares rather than cash, then such holder of LTIP Units can have such REIT Shares issued to him or her simultaneously
with the conversion of his or her Vested LTIP Units into LP Units. The General Partner shall cooperate with a holder of LTIP Units
to coordinate the timing of the different events described in the foregoing sentence.

 

(c)          The
Partnership, at any time at the election of the General Partner, may cause any number of Vested LTIP Units to be converted (a “Forced
Conversion”) into an equal number of LP Units, giving effect to all adjustments (if any) made pursuant to Section
15.3; provided, however, that the Partnership may not cause a Forced Conversion of any LTIP Units that would
not at the time be eligible for conversion at the option of a holder of LTIP Units pursuant to Section 15.9(b). In order
to exercise its right of Forced Conversion, the Partnership shall deliver a notice (a “Forced Conversion Notice”)
in the form attached hereto as Exhibit D to the applicable Holder of LTIP Units not less than ten (10) nor more than sixty
(60) days prior to the Conversion Date specified in such Forced Conversion Notice.

 

(d)          A
conversion of Vested LTIP Units for which the holder thereof has given a Conversion Notice or the Partnership has given a Forced
Conversion Notice shall occur automatically after the close of business on the applicable Conversion Date without any action on
the part of such holder of LTIP Units other than the surrender of any certificate or certificates evidencing such Vested LTIP Units,
as of which time such holder of LTIP Units shall be credited on the books and records of the Partnership as of the opening of business
on the next day with the number of LP Units into which such LTIP Units were converted. After the conversion of LTIP Units as aforesaid,
the Partnership shall deliver to such holder of LTIP Units, upon his or her written request, a certificate issued by the General
Partner certifying the number of LP Units and remaining LTIP Units, if any, held by such holder immediately after such conversion.
The Assignee of any Limited Partner pursuant to Article 11 may exercise the rights of such Limited Partner pursuant to this
Section 15.9 and such Limited Partner shall be bound by the exercise of such rights by the Assignee.

 

(e)          For
purposes of making future allocations under Section 6.2(a)(i) and applying the Capital Account Limitation, the portion of
the Economic Capital Account Balance of the applicable Holder of LTIP Units that is treated as attributable to his or her LTIP
Units shall be reduced, as of the Conversion Date, by the product of the number of LTIP Units converted and the Common Unit Economic
Balance.

 

(f)          If
the Partnership or Omega REIT shall be a party to any Transaction, other than a Transaction that constitutes an Adjustment Event,
then the General Partner shall, immediately prior to the Transaction, exercise its right to cause a Forced Conversion with respect
to the maximum number of LTIP Units then eligible for conversion, taking into account any allocations that occur in connection
with the Transaction or that would occur in connection with the Transaction if the assets of the Partnership were sold at the Transaction
price or, if applicable, at a value determined by the General Partner in good faith using the value attributed to the LP Units
in the context of the Transaction (in which case the Conversion Date shall be the effective date of the Transaction). In anticipation
of such Forced Conversion and the consummation of the

 

    	70

    	 

    

  

Transaction, the Partnership
shall use commercially reasonable efforts to cause each holder of LTIP Units to be afforded the right to receive in connection
with such Transaction in consideration for the LP Units into which his or her LTIP Units will be converted the same kind and amount
of cash, securities or other property (or any combination thereof) receivable upon the consummation of such Transaction by a holder
of the same number of LP Units, assuming such holder is not a Person with which the Partnership consolidated or into which the
Partnership merged or which merged into the Partnership or to which such sale or transfer was made, as the case may be (a “Constituent
Person”), or an affiliate of a Constituent Person. In the event that holders of LP Units have the opportunity to elect
the form or type of consideration to be received upon consummation of the Transaction, prior to such Transaction the General Partner
shall give prompt written notice to each holder of LTIP Units of such opportunity, and shall use commercially reasonable efforts
to afford such holder the right to elect, by written notice to the General Partner, the form or type of consideration to be received
upon conversion of each LTIP Unit held by such holder into LP Units in connection with such Transaction. If a holder of LTIP Units
fails to make such an election, such holder (and any of its transferees) shall receive upon conversion of each LTIP Unit held by
him or her (or by any of his or her transferees) the same kind and amount of consideration that a holder of LP Units would receive
if such holder of LP Units failed to make such an election. Subject to the rights of the Partnership and Omega REIT under any Vesting
Agreement and the relevant terms of the Equity Incentive Plan, the Partnership shall use commercially reasonable effort to cause
the terms of any Transaction to be consistent with the provisions of this Section 15.9(f) and to enter into an agreement
with the successor or purchasing entity, as the case may be, for the benefit of any holder of LTIP Units whose LTIP Units will
not be converted into LP Units in connection with the Transaction that will (i) contain provisions enabling any holders of LTIP
Units that remain outstanding after such Transaction to convert their LTIP Units into securities as comparable as reasonably possible
under the circumstances to the LP Units and (ii) preserve as far as reasonably possible under the circumstances the distribution,
special allocation, conversion, and other rights set forth in the Agreement for the benefit of the holders of LTIP Units.

 

Section
15.10.     Voting.  Holders of LTIP Units shall have the
same voting rights as Limited Partners holding LP Units, with the holders of LTIP Units voting together as a single class with
the LP Units and having one vote per LTIP Unit, and holders of LTIP Units shall not be entitled to approve, vote on or consent
to any other matter.

 

Section
15.11.     Section 83 Safe Harbor.  Each Partner authorizes
the General Partner to elect to apply the safe harbor (the “Section 83 Safe Harbor”) set forth in proposed Regulations
Section 1.83-3(1) and proposed IRS Revenue Procedure published in Notice 2005-43 (together, the “Proposed Section 83 Safe
Harbor Regulation”) (under which the fair market value of a Partnership Interest that is transferred in connection with
the performance of services is treated as being equal to the liquidation value of the interest) if such Proposed Section 83 Safe
Harbor Regulation or similar Regulations are promulgated as a final or temporary Regulations. If the General Partner determines
that the Partnership should make such election, the General Partner is hereby authorized to amend this Agreement without the consent
of any other Partner to provide that (i) the Partnership is authorized and directed to elect the Section 83 Safe Harbor, (ii) the
Partnership and each of its Partners (including any Person to whom a Partnership Interest, including an LTIP Unit, is transferred
in connection with the performance of services) will comply with all requirements of the Section 83 Safe Harbor with respect to
all Partnership

 

    	71

    	 

    

  

Interests transferred
in connection with the performance of services while such election remains in effect and (iii) the Partnership and each of its
Partners will take all actions necessary, including providing the Partnership with any required information, to permit the Partnership
to comply with the requirements set forth or referred to in the applicable Regulations for such election to be effective until
such time (if any) as the General Partner determines, in its sole and absolute discretion, that the Partnership should terminate
such election. The General Partner is further authorized to amend this Agreement to modify Article 6 to the extent the General
Partner determines in its sole and absolute discretion that such modification is necessary or desirable as a result of the issuance
of any applicable law, Regulations, notice or ruling relating to the tax treatment of the transfer of a Partnership Interests in
connection with the performance of services. Notwithstanding anything to the contrary in this Agreement, each Partner expressly
confirms that it will be legally bound by any such amendment.

 

Article
16

GENERAL PROVISIONS

 

Section
16.1.       Addresses and Notice.

 

(a)          All
notices, demands or other communications required or desired to be given hereunder shall be in writing and shall be deemed to have
been duly given if delivered personally by Federal Express (or other similar overnight courier service), by telecopy transmission
(with transmission confirmed) or by registered or certified mail, return receipt requested, postage prepaid, and addressed as set
forth below:

 

If to the Partnership
or a General Partner:

 

Omega Healthcare Investors, Inc.

200 International Circle, Suite
3500

Hunt Valley, Maryland 21030

Attn:    C. Taylor Pickett

              Robert O. Stephenson

Fax: (410) 427-8820

 

with copies to:

 

Bryan Cave LLP

1201 West Peachtree Street NW

14th Floor

Atlanta, Georgia 30309

Attn: Rick Miller

Fax: (404) 420-0787

 

If to any Limited Partner,
at the address designated for such Limited Partner in the Partnership’s books and records.

 

(b)          Any
party may change such party’s address or telecopy number for the giving of notice specified above by giving notice as herein
provided.

 

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(c)          Any
notice given by personal delivery, by Federal Express (or other similar overnight courier service), or telecopy transmission shall
be deemed given, delivered, received and effective on the date of receipt (or confirmation or answer back for facsimile) of such
delivery (or such other transmission at the address or telecopy number designated pursuant hereto) and any notice given by registered
or certified mail shall be deemed given, delivered, received and effective on the third Business Day following the date on which
it was deposited in the United States postal system.

 

Section
16.2.       Interpretation.  All Article and Section
titles and captions in this Agreement are for convenience only. They shall not be deemed part of this Agreement and in no way define,
limit, extend or describe the scope or intent of any provisions hereof. Except as specifically provided otherwise, all references
herein to Articles, Sections, paragraphs, clauses and other subdivisions refer to the corresponding Articles, Sections, paragraphs,
clauses and other subdivisions of this Agreement; and the words “herein,” “hereof,” “hereby,”
“hereto,” “hereunder” and words of similar import refer to this Agreement as a whole and not to any particular
Article, Section, paragraph, clause or subdivision hereof. All exhibits which are referred to herein or attached hereto are hereby
incorporated by reference. Wherever the words “include,” “includes” or “including” are used
in this Agreement, they shall be deemed to be followed by the words “without limitation,” unless preceded by a negative
predicate.

 

Section
16.3.       Pronouns and Plurals.  Whenever the context
may require, any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms, and the singular
form of nouns, pronouns and verbs shall include the plural and vice versa.

 

Section
16.4.       Further Action.  The parties shall execute
and deliver all documents, provide all information and take or refrain from taking action as may be necessary or appropriate to
achieve the purposes of this Agreement.

 

Section
16.5.       Binding Effect.  This Agreement shall
be binding upon and inure to the benefit of the parties hereto and their heirs, executors, administrators, successors, legal representatives
and permitted assigns.

 

Section
16.6.      Creditors.  Other than as expressly set
forth herein with respect to Indemnitees, none of the provisions of this Agreement shall be for the benefit of, or shall be enforceable
by, any creditor of the Partnership.

 

Section
16.7.      Waiver.  No failure by any party to insist
upon the strict performance of any covenant, duty, agreement or condition of this Agreement or to exercise any right or remedy
consequent upon any breach thereof shall constitute waiver of any such breach or any other covenant, duty, agreement or condition.

 

Section
16.8.      Counterparts.  This Agreement may be executed
in counterparts, all of which together shall constitute one agreement binding on all the parties hereto, notwithstanding that all
such parties are not signatories to the original or the same counterpart. Each party shall become bound by this Agreement immediately
upon affixing its signature hereto.

 

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Section
16.9.       Applicable Law.  This Agreement shall
be construed in accordance with and governed by the laws of the State of Delaware, without regard to the principles of conflicts
of laws.

 

Section
16.10.    Invalidity of Provisions.  If any provision
of this Agreement is or becomes invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of
the remaining provisions contained herein shall not be affected thereby.

 

Section
16.11.     Limitation to Preserve REIT Status.  Notwithstanding
anything else in this Agreement, to the extent that the amount paid, credited, distributed or reimbursed by the Partnership to
the General Partner, or its officers, directors, employees or agents, whether as a reimbursement, fee, expense or indemnity (a
“REIT Payment”), would constitute gross income to the General Partner for purposes of Code Section 856(c)(2)
or Code Section 856(c)(3), then the amount of such REIT Payments, as selected by the General Partner in its sole and absolute discretion
from among items of potential distribution, reimbursement, fees, expenses and indemnities, shall be reduced for any Partnership
Year so that the REIT Payments, as so reduced, for or with respect to Omega REIT, shall not exceed the lesser of:

 

(a)          an
amount equal to the excess, if any, of (i) 4.9% of the total of Omega REIT’s, if any, total gross income (including the amount
of any REIT Payments after application of this Section 16.11) for the Partnership Year over (ii) the amount of gross income
(within the meaning of Code Section 856(c)(2)) derived by Omega REIT from sources other than those described in subsections (A)
through (H) of Code Section 856(c)(2) (including the amount of any REIT Payments after application of this Section 16.11);
or

 

(b)          an
amount equal to the excess, if any, of (i) 24% of the total of Omega REIT’s total gross income (including the amount of any
REIT Payments after application of this Section 16.11) for the Partnership Year over (ii) the amount of gross income (within the meaning of Code Section 856(c)(3))
derived by Omega REIT from sources other than those described in subsections (A) through (I) of Code Section 856(c)(3) (including
the amount of any REIT Payments after application of this Section 16.11); provided, however, that REIT Payments in
excess of the amounts set forth in paragraphs (a) and (b) above may be made if Omega REIT, as a condition precedent, obtains an
opinion of tax counsel that the receipt of such excess amounts shall not adversely affect Omega REIT’s ability to qualify
as a REIT. To the extent that REIT Payments may not be made in a Partnership Year as a consequence of the
limitations set forth in this Section 16.11, such REIT Payments shall carry over and shall be treated as arising
in the following Partnership Year. The purpose of the limitations contained in this Section 16.11 is to prevent Omega REIT
from failing to qualify as a REIT under the Code by reason of Omega REIT’s share of items, including distributions, reimbursements,
fees, expenses or indemnities, receivable directly or indirectly from the Partnership, and this Section 16.11 shall be interpreted
and applied to effectuate such purpose.

 

Section
16.12.     No Rights as Stockholders of Omega REIT.  Nothing
contained in this Agreement shall be construed as conferring upon the holders of Units any rights whatsoever as stockholders of
Omega REIT, including any right to receive dividends or other distributions made to stockholders of Omega REIT or to vote or to
consent or receive notice as stockholders in respect of any meeting of the stockholders of Omega REIT.

 

    	74

    	 

    

  

Section
16.13.     No Third Party Beneficiaries.  The provisions
of this Agreement are solely for the purpose of defining the interests of the Partners, inter se, and no other Person (i.e.,
a Person who is not a signatory hereto or a permitted successor to such signatory hereto), other than as expressly set forth herein
with respect to Indemnitees, shall have any right, power, title or interest by way of subrogation or otherwise, in and to the rights,
powers, title and provisions of this Agreement. No creditor or other third party having dealings with the Partnership (other than
as expressly set forth herein with respect to Indemnitees) shall have the right to enforce the right or obligation of any Partner
to make Capital Contributions or loans to the Partnership or to pursue any other right or remedy hereunder or at law or in equity.
None of the rights or obligations of the Partners herein set forth to make Capital Contributions or loans to the Partnership shall
be deemed an asset of the Partnership for any purpose by any creditor or other third party, nor may any such rights or obligations
be sold, transferred or assigned by the Partnership or pledged or encumbered by the Partnership to secure any debt or other obligation
of the Partnership or any of the Partners.

 

Section
16.14.    Entire Agreement.  This Agreement and the Exhibits
attached hereto contain the entire understanding and agreement among the Partners with respect to the subject matter hereof and
supersedes any other prior written or oral understandings or agreements among them with respect thereto.

 

[Remainder of page intentionally blank;
signature page follows.]

 

    	75

    	 

    

 

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

 

	 	GENERAL PARTNERS:
	 	 
	 	Omega Healthcare Investors, Inc.
	 	 	 
	 	By:	/s/ C. Taylor Pickett
	 	 	C. Taylor Pickett
	 	 	President
	 	 	 
	 	OHI Healthcare Properties Holdco, Inc.
	 	 	 
	 	By:	/s/ C. Taylor Pickett
	 	 	C. Taylor Pickett
	 	 	President
	 	 	 
	 	LIMITED PARTNERS:
	 	 
	 	Omega Healthcare Investors, Inc.
	 	 	 
	 	By:	/s/ C. Taylor Pickett
	 	 	C. Taylor Pickett
	 	 	President
	 	 	 
	 	Aviv Healthcare Properties Limited Partnership
	 	 	 
	 	By: OHI Healthcare Properties Holdco, Inc., 
	 	 	its general partner
	 	 	 
	 	By:	/s/ C. Taylor Pickett
	 	 	C. Taylor Pickett
	 	 	President

 

Second Amended and Restated Agreement of
Limited Partnership

OHI Limited Healthcare Properties Limited
Partnership

  

    	 

    	 

    

 

Exhibit A

 

Holders and Units

 

	 	 	Status	 	Units	 	 	 	 
	Holder	 	General

    Partner	 	Limited

    Partner	 	LTIP
    Unit

    Holder	 	 

        Assignee
	 	 

        GP
        Units
	 	 

        LP
        Units
	 	 

        LTIP
        Units
	 	Capital

    Contribution	 	Interest
    %
	1.   Omega Healthcare Investors, Inc.  	 	X	 	X	 	 	 	 	 	1	 	138,751,944	 	 	 	 	 	 
	2.   OHI Healthcare Properties Holdco, Inc.	 	 X*	 	 	 	 	 	 	 	1	 	 	 	 	 	 	 	 
	3.   Aviv Healthcare Properties Limited Partnership	 	 	 	X	 	 	 	 	 	 	 	52,908,348	 	 	 	 	 	 
	Totals	 	2	 	2	 	-	 	-	 	2	 	191,660,292	 	-	 	 	 	100%

______________________

*Principal General Partner

 

Second Amended and Restated Agreement of
Limited Partnership

OHI Healthcare Properties Limited Partnership

  

    	A-1

    	 

    

 

Exhibit B

 

Form of Notice of Redemption

[Date]

 

Omega Healthcare Investors, Inc.

200 International Circle

Suite 3500

Hunt Valley, MD 21030

Attention: Chief Financial Officer

 

Ladies and Gentlemen:

 

The undersigned, being
a Limited Partner of OHI Healthcare Properties Limited Partnership, a Delaware limited partnership (the “Partnership”),
hereby tenders for Redemption, as defined in and in accordance with the terms of the Second Amended and Restated Agreement of Limited
Partnership of the Partnership, as amended to date (the “Agreement”), the number of Units in the Partnership
set forth below. Terms used but not otherwise defined herein shall have the meaning ascribed thereto in the Agreement. The undersigned:

 

a)
           undertakes to surrender such Units at the closing of the Redemption on the Specified Redemption Date;

 

b)
          directs that the certified check representing the Cash Amount, or the REIT Shares Amount, as applicable, deliverable upon
the closing of such Redemption be delivered to the address specified below, and if REIT Shares are to be delivered, such REIT
Shares be registered or placed in the name(s) and at the address(es) specified below;

 

c)
           represents, warrants and certifies that:

 

		i.	the undersigned has, and at the closing of the Redemption will have, good, marketable and unencumbered
title to such Units, free and clear of all liens, claims and encumbrances whatsoever,

 

		ii.	the undersigned has, and at the closing of the Redemption will have, the full right, power and
authority to tender and surrender such Units as provided herein, and

 

		iii.	the undersigned has obtained the consent or approval of all persons and entities, if any, having
the right to consent to or approve such tender and surrender;

 

d)
         acknowledges that the undersigned will continue to own such Units until the Redemption transaction closes; and

 

Second Amended and Restated Agreement of
Limited Partnership

OHI Healthcare Properties Limited Partnership

 

    	B-1

    	 

    

  

e)           agrees
that, if any state or local property tax is payable as a result of the Redemption, the undersigned shall assume and pay such transfer
tax.

 

	Name of Limited Partner:	 
	 	(Please Print Name as Registered with Partnership)
	 	 
	Number of Units Tendered for Redemption:	 
	 	 
	Date of this Notice:	 
	 	 
	Signature of Limited Partner:	 
	 	 
	Address of Limited Partner:	 
	 	(Street Address)
	 	 
	 	(City)                            (State)                                                  (Zip Code)
	 	 
	Issue Check Payable to:	 
	 	 
	Issue REIT Shares in the name of:	 

 

Second Amended and Restated Agreement of
Limited Partnership

OHI Healthcare Properties Limited Partnership

 

 

    	B-2

    	 

    

 

Exhibit C

 

Form of Conversion Notice

 

NOTICE OF ELECTION BY PARTNER TO CONVERT
VESTED

LTIP UNITS INTO PARTNERSHIP LP UNITS

 

The undersigned Holder
of Vested LTIP Units hereby irrevocably (i) elects to convert the number of Vested LTIP Units in OHI Healthcare Properties Limited
Partnership (the “Partnership”) set forth below into [LP Units] in accordance with the terms of the Second Amended
and Restated Agreement of Limited Partnership of the Partnership, as amended to date; and (ii) directs that any cash in lieu of
[LP Units] that may be deliverable upon such conversion to be deliverable upon such conversion be delivered to the address specified
below. The undersigned hereby represents, warrants, and certifies that the undersigned (a) has title to such Vested LTIP Units,
free and clear of the rights or interests of any other person or entity other than the Partnership; (b) has the full right, power,
and authority to cause the conversion of such Vested LTIP Units as provided herein; and (c) has obtained the consent or approval
of all persons or entities, if any, having the right to consent or approve such conversion.

 

	Name of Holder:	 
	 	(Please Print Name as Registered with Partnership)
	 	 
	Number of Vested LTIP Units to be Converted:	 
	 	 
	Date of this Notice:	 
	 	 
	Signature of Holder:	 
	 	 
		Signature Medallion Guaranteed by:
	 	 
	Address of Holder:	 
	 	(Street Address)
	 	 
	 	(City)                           (State)                                                      (Zip
    Code)
	 	 
	Issue Check Payable to:	 
	 	 
	Social security number of Holder:	 

 

Second Amended and Restated Agreement of
Limited Partnership

OHI Healthcare Properties Limited Partnership

  

    	C-1

    	 

    

 

Exhibit D

 

Form of Forced Conversion Notice

 

NOTICE OF ELECTION BY PARTNERSHIP TO
FORCE CONVERSION

OF VESTED LTIP UNITS INTO PARTNERSHIP LP UNITS

 

OHI Healthcare Properties
Limited Partnership (the “Partnership”) hereby irrevocably elects to cause the number of Vested LTIP Units held
by the Holder set forth below to be converted into [LP Units] as defined in and in accordance with the terms of the Amended
and Restated Agreement of Limited Partnership of the Partnership, as amended to date.

 

	Name of Holder:	 
	 	(Please Print Name as Registered with Partnership)
	 	 
	Number of LTIP Units to be Converted:	 
	 	 
	Date of this Notice:	 

 

Second Amended and Restated Agreement of
Limited Partnership

OHI Healthcare Properties Limited Partnership

 

    	D-1Exhibit 10.12

 

FIRST AMENDMENT TO CREDIT AGREEMENT

 

THIS FIRST AMENDMENT
TO CREDIT AGREEMENT (this “Amendment”) dated as of April 1, 2015 is by and among OMEGA HEALTHCARE INVESTORS,
INC., a Maryland corporation (the “Borrower”), certain subsidiaries of the Borrower identified herein, as
Guarantors, the lenders identified on the signature pages hereto as Existing Lenders (the “Existing Lenders”),
the Persons identified on the signature pages hereto as New Lenders (individually a “New Lender” and collectively,
the “New Lenders”, and, together with the Existing Lenders, the “Lenders”) and BANK OF
AMERICA, N.A., as Administrative Agent.

 

W I T N E S S E T H

 

WHEREAS, the Borrower,
the Guarantors, the Existing Lenders and the Administrative Agent have entered into that certain Credit Agreement dated as of June
27, 2014 as amended, supplemented or otherwise modified prior to the date hereof (the “Existing Credit Agreement”);

 

WHEREAS, the Borrower
has elected to exercise its right to increase the Aggregate Revolving Commitments and to add a tranche of term loans pursuant to
Section 2.01(e) of the Existing Credit Agreement, and certain of the Existing Lenders and the New Lenders have agreed to
provide such Incremental Facilities;

 

WHEREAS, the Borrower,
the Guarantors, certain of the Existing Lenders and the Administrative Agent have agreed to amend the Existing Credit Agreement
as set forth herein;

 

NOW, THEREFORE,
in consideration of these premises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto agree as follows:

 

PART 1

DEFINITIONS

 

SUBPART 1.1    Certain
Definitions. The following terms used in this Amendment, including its preamble and recitals, have the following meanings:

 

“Amended
Credit Agreement” means the Existing Credit Agreement as amended hereby.

 

“First
Amendment Effective Date” is defined in Subpart 3.1.

 

SUBPART 1.2    Other
Definitions. Unless otherwise defined herein or the context otherwise requires, terms used in this Amendment, including its
preamble and recitals, have the meanings provided in the Existing Credit Agreement.

 

PART 2

AMENDMENTS TO 

EXISTING CREDIT AGREEMENT

 

SUBPART 2.1    Effective on (and subject
to the occurrence of) the First Amendment Effective Date, the Existing Credit Agreement (excluding the exhibits and schedules
thereto) is hereby amended

 

    	 

    	 

    

 

and restated in its entirety as set forth in
Exhibit A attached hereto. Except as so amended, the Existing Credit Agreement shall continue in full force and effect.

 

SUBPART 2.2    Schedule
2.01 of the Existing Credit Agreement is hereby deleted in its entirety and replaced with Schedule 2.01 attached to
this Amendment.

 

PART 3

CONDITIONS TO EFFECTIVENESS

 

SUBPART 3.1    First
Amendment Effective Date. This Amendment shall be and become effective as of the date hereof (the “First Amendment
Effective Date”) when all of the conditions set forth in this Part 3 shall have been satisfied, and thereafter
this Amendment shall be known, and may be referred to, as the “First Amendment”.

 

SUBPART 3.2    Execution
of Counterparts of Amendment. The Administrative Agent shall have received counterparts (or other evidence of execution, including
telephonic message or other electronic imaging means, satisfactory to the Administrative Agent) of this Amendment, which collectively
shall have been duly executed on behalf of the Borrower, the Guarantors, Existing Lenders constituting Required Lenders (as defined
in the Existing Credit Agreement), each of the New Lenders and the Administrative Agent.

 

SUBPART 3.3    Notes.
The Administrative Agent shall have received a Note executed by the Borrower in favor of each Lender requesting a Note.

 

SUBPART 3.4    Resolutions.
The Administrative Agent shall have received a certificate of each Credit Party dated as of the First Amendment Effective Date
signed by a Responsible Officer of such Credit Party certifying and attaching resolutions adopted by the board of directors or
equivalent governing body of such Credit Party approving the Incremental Facilities.

 

SUBPART 3.5    Opinions
of Counsel. The Administrative Agent shall have received, in each case dated as of the First Amendment Effective Date and
in form and substance reasonably satisfactory to the Administrative Agent a legal opinion of (i) Kaye Scholer LLP, special New
York and Delaware counsel for the Credit Parties and (ii) special local counsel for the Credit Parties for the states of Maryland
and Ohio, in each case addressed to the Administrative Agent, its counsel and the Lenders.

 

SUBPART 3.6    Officer’s
Certificates. The Administrative Agent shall have received a certificate or certificates executed by a Responsible Officer
of the Borrower as of the First Amendment Effective Date, in a form satisfactory to the Administrative Agent, stating that immediately
prior to and following the transactions contemplated herein, (i) all representations and warranties contained in the Existing
Credit Agreement or any other Credit Document, or which are contained in any document furnished at any time under or in connection
therewith, are true and correct in all material respects on and as of the First Amendment Effective Date, except to the extent
that such representations and warranties specifically relate to an earlier date, in which case they shall be true and correct
in all material respects as of such earlier date, (ii) no Default or Event of Default exists, and (iii) the Borrower is in compliance
with the financial covenants set forth in Section 6.12 of the Existing Credit Agreement on a pro forma basis after giving effect
to the incurrence of the Incremental Facilities on the First Amendment Effective Date.

 

SUBPART 3.7    Acquisition
of Aviv REIT, Inc. The acquisition of Aviv REIT, Inc. by the Borrower shall have been, or shall be simultaneously with the
incurrence of the Incremental Facilities, completed to the satisfaction of the Administrative Agent.

 

    	2

    	 

    

 

SUBPART 3.8    Fees
and Expenses. Payment by the Credit Parties to the Administrative Agent of all fees and expenses relating to the preparation,
execution and delivery of this Amendment which are due and payable on the First Amendment Effective Date, including, without limitation,
payment to the Administrative Agent of the fees set forth in the Engagement Letter.

 

PART 4

LENDER JOINDER

 

From and after the First
Amendment Effective Date, by execution of this Amendment, each New Lender hereby acknowledges, agrees and confirms that, by its
execution of this Amendment, such Person will be deemed to be a party to the Existing Credit Agreement (as amended hereby) and
an “Acquisition Term Loan Lender” and a “Lender” for all purposes of the Existing Credit Agreement (as
amended hereby), and shall have all of the rights and obligations of a Lender thereunder as if it had executed the Existing Credit
Agreement (as amended hereby). Such Person hereby ratifies, as of the date hereof, and agrees to be bound by, all of the terms,
provisions and conditions applicable to the Lenders contained in the Existing Credit Agreement (as amended hereby).

 

PART 5

REVOLVING COMMITMENTS/REVOLVING LOAN

ASSIGNMENTS AND ASSUMPTIONS

 

Each Existing Lender which
is a Revolving Lender hereby sells and assigns, without recourse, to the other Lenders which are Revolving Lenders and to each
New Lender with a Revolving Commitment (as set forth on Schedule 2.01), and each Revolving Lender and New Lender with a
Revolving Commitment hereby purchases and assumes, without recourse, from each such Existing Lender, effective as of the First
Amendment Effective Date, such interests in such Existing Lender’s rights and obligations under the Existing Credit Agreement
(including, without limitation, the Revolving Commitment of and Revolving Loans owed to such Existing Lender on the First Amendment
Effective Date owing to each such Existing Lender which are outstanding on the First Amendment Effective Date) as shall be necessary
in order to give effect to the reallocations of the Revolving Commitments and Revolving Commitment Percentages effected by the
amendment to Schedule 2.01 to the Existing Credit Agreement pursuant to Subpart 2.2 hereof. The Borrower shall pay
an amount required pursuant to Section 3.05 of the Existing Credit Agreement as a result of any prepayment of Revolving Loans as
a result of the foregoing sale and assignment.

 

PART 6

MISCELLANEOUS

 

SUBPART 6.1    Construction.
This Amendment is a Credit Document executed pursuant to the Existing Credit Agreement and shall (unless otherwise expressly indicated
therein) be construed, administered and applied in accordance with the terms and provisions of the Amended Credit Agreement.

 

    	3

    	 

    

 

SUBPART 6.2    Representations
and Warranties. The Borrower hereby represents and warrants that it: (a) has the requisite corporate power and authority to
execute, deliver and perform this Amendment, and (b) is duly authorized to, and has been authorized by all necessary corporate
action, to execute, deliver and perform this Amendment, (c) after giving effect to this Amendment, the representations and warranties
contained in Article V of the Amended Credit Agreement are true and correct in all material respects on and as of the date hereof
upon giving effect to this Amendment as though made on and as of such date (except for those which expressly relate to an earlier
date) and (d) no Default or Event of Default exists under the Existing Credit Agreement on and as of the date hereof upon giving
effect to this Amendment.

 

SUBPART 6.3    Counterparts.
This Amendment may be executed by the parties hereto in several counterparts, each of which shall be deemed to be an original and
all of which shall constitute together but one and the same agreement. Delivery of an executed counterpart of a signature page
of this Amendment by facsimile or other electronic means shall be effective as delivery of a manually executed original counterpart
of this Amendment.

 

SUBPART 6.4    Binding
Effect. This Amendment, the Amended Credit Agreement and the other Credit Documents embody the entire agreement between the
parties and supersede all prior agreements and understandings, if any, relating to the subject matter hereof. These Credit Documents
represent the final agreement between the parties and may not be contradicted by evidence of prior, contemporaneous or subsequent
oral agreements of the parties. Except as expressly modified and amended in this Amendment, all the terms, provisions and conditions
of the Credit Documents shall remain unchanged and shall continue in full force and effect.

 

SUBPART 6.5    GOVERNING
LAW. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

SUBPART 6.6    Severability.
If any provision of this Amendment is determined to be illegal, invalid or unenforceable, such provision shall be fully
severable and the remaining provisions shall remain in full force and effect and shall be construed without giving effect to the
illegal, invalid or unenforceable provisions. 

 

SUBPART 6.7    Affirmation.
Except as specifically amended above, the Credit Documents (and all covenants, terms, conditions and agreements therein), shall
remain in full force and effect, and are hereby ratified and confirmed in all respects by the Borrower. The Borrower covenants
and agrees to comply with all of the terms, covenants and conditions of the Existing Credit Agreement, as otherwise waived, consented
to and amended hereby, notwithstanding any prior course of conduct, waivers, releases or other actions or inactions on Lenders’
part which might otherwise constitute or be construed as a waiver of or amendment to such terms, covenants and conditions. 

 

SUBPART 6.8    No
Waiver. The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided in this Amendment,
operate as a waiver of any right, power or remedy of Lenders, nor constitute a waiver of any provision of any Credit Document or
any other documents, instruments and agreements executed or delivered in connection with any of the foregoing. Except as otherwise
provided for in this Amendment, nothing herein is intended or shall be construed as a waiver of any existing Defaults or Events
of Default under the Credit Documents or any of Lenders’ rights and remedies in respect of such Defaults or Events of Default.

 

[SIGNATURE PAGES FOLLOW]

 

    	4

    	 

    

 

IN WITNESS WHEREOF, each
of the parties hereto has caused a counterpart of this First Amendment to Credit Agreement to be duly executed and delivered as
of the date first above written.

 

	BORROWER:	 	OMEGA HEALTHCARE INVESTORS, INC.
	 	 	 	 
	 	 	By:	/s/ Daniel J. Booth
	 	 	Name:	Daniel J. Booth
	 	 	Title:	Chief Operating Officer

 

	GUARANTORS:	 	OHI ASSET (la), LLC
	 	 	 
	 	 	By:	OHI Healthcare Properties Limited Partnership,
	 	 	 	a Member of such company
	 	 	 	 
	 	 	By:	Omega Healthcare Investors, Inc.,
	 	 	 	the General Partner of such limited
	 	 	 	partnership
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	 	By:	Omega TRS I, Inc.,
	 	 	 	a Member of such company
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer

 

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	 	OHI ASSET, LLC
	 	OHI ASSET (ID), LLC
	 	OHI ASSET (CA), LLC
	 	DELTA INVESTORS I, LLC
	 	DELTA INVESTORS II, LLC
	 	OHI Asset (CO), LLC
	 	COLONIAL GARDENS, LLC
	 	WILCARE, LLC
	 	nrs ventures, l.l.c.
	 	ohi asset (ct) lender, llc
	 	ohi asset (Fl), llc
	 	ohi asset (il), llc
	 	ohi asset (mo), llc
	 	ohi asset (oh), llc
	 	ohi asset (oh) lender, llc
	 	ohi asset (pa), llc
	 	ohi asset ii (ca), llc
	 	ohi asset ii (fl), llc
	 	ohi asset cse-e, llc
	 	ohi asset cse-u, llc
	 	OHI ASSET CSb LLC
	 	OHI ASSET (MI), LLC
	 	OHI ASSET (FL) LENDER, LLC
	 	OHI ASSET HUD WO, LLC
	 	OHI ASSET (MD), LLC
	 	OHI ASSET (TX), LLC
	 	OHI ASSET (IN) WABASH, LLC
	 	OHI ASSET (IN) WESTFIELD, LLC
	 	OHI ASSET (IN) GREENSBURG, LLC
	 	OHI ASSET (IN) INDIANAPOLIS, LLC
	 	OHI ASSET HUD SF, LLC
	 	OHI ASSET (IN) AMERICAN VILLAGE, LLC
	 	OHI ASSET (IN) ANDERSON, LLC
	 	OHI ASSET (IN) BEECH GROVE, LLC
	 	OHI ASSET (IN) CLARKSVILLE, LLC
	 	OHI ASSET (IN) EAGLE VALLEY, LLC
	 	OHI ASSET (IN) ELKHART, LLC
	 	OHI ASSET (IN) FOREST CREEK, LLC
	 	OHI ASSET (IN) FORT WAYNE, LLC
	 	OHI ASSET (IN) FRANKLIN, LLC
	 	OHI ASSET (IN) KOKOMO, LLC
	 	OHI ASSET (IN) LAFAYETTE, LLC
	 	OHI ASSET (IN) MONTICELLO, LLC
	 	OHI ASSET (IN) NOBLESVILLE, LLC
	 	OHI ASSET (IN) ROSEWALK, LLC
	 	OHI ASSET (IN) SPRING MILL, LLC

 

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	 	OHI ASSET (IN) TERRE HAUTE, LLC
	 	OHI ASSET (IN) ZIONSVILLE, LLC
	 	OHI Asset HUD CFG, LLC
	 	OHI ASSET HUD SF CA, LLC
	 	OHI ASSET (TX) HONDO, LLC 
	 	OHI ASSET (MI) HEATHER HILLS, LLC
	 	OHI ASSET (IN) CROWN POINT, LLC
	 	OHI ASSET (IN) MADISON, LLC
	 	OHI ASSET (AR) ASH FLAT, LLC
	 	OHI ASSET (AR) CAMDEN, LLC
	 	OHI ASSET (AR) CONWAY, LLC
	 	OHI ASSET (AR) DES ARC, LLC
	 	OHI ASSET (AR) HOT SPRINGS, LLC
	 	OHI ASSET (AR) MALVERN, LLC
	 	OHI ASSET (AR) MENA, LLC
	 	OHI ASSET (AR) POCAHONTAS, LLC
	 	OHI ASSET (AR) SHERIDAN, LLC
	 	OHI ASSET (AR) WALNUT RIDGE, LLC
	 	OHI ASSET RO, LLC
	 	OHI ASSET (FL) LAKE PLACID, LLC
	 	OHI ASSET HUD DELTA, LLC
	 	OHI ASSET (IN) CLINTON, LLC
	 	OHI ASSET (IN) JASPER, LLC
	 	OHI ASSET (IN) SALEM, LLC
	 	OHI ASSET (IN) SEYMOUR, LLC
	 	OHI ASSET (WV) DANVILLE, LLC
	 	OHI ASSET (WV) IVYDALE, LLC
	 	OHI MEZZ LENDER, LLC
	 	OHI ASSET (TN) JEFFERSON CITY, LLC
	 	OHI ASSET (TN) ROGERSVILLE, LLC
	 	OHI ASSET CHG ALF, LLC
	 	BAYSIDE STREET, LLC
	 	BAYSIDE STREET II, LLC
	 	OHI (IOWA), LLC
	 	OHI (INDIANA), LLC
	 	OHI (ILLINOIS), LLC 
	 	OHIMA, LLC
	 	STERLING ACQUISITION, LLC
	 	OHI (CONNECTICUT), LLC
	 	FLORIDA LESSOR – MEADOWVIEW, LLC
	 	WASHINGTON LESSOR – SILVERDALE, LLC
	 	GEORGIA LESSOR – BONTERRA/PARKVIEW, LLC
	 	ARIZONA LESSOR – INFINIA, LLC
	 	COLORADO LESSOR – CONIFER, LLC
	 	TEXAS LESSOR – STONEGATE GP, LLC
	 	TEXAS LESSOR – STONEGATE LIMITED, LLC

 

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	 	INDIANA LESSOR – WELLINGTON MANOR, LLC
	 	OHI ASSET (FL) LUTZ, LLC
	 	 
	 	By:	OHI Healthcare Properties Limited Partnership,
	 	 	the Sole Member of each such company
	 	 	 	 
	 	By:	Omega Healthcare Investors, Inc.,
	 	 	the General Partner of such limited partnership
	 	 	 	 
	 	 	By: 	/s/ Daniel J. Booth
	 	 	Name:	Daniel J. Booth
	 	 	Title:	Chief Operating Officer

 

	 	3806 CLAYTON ROAD, LLC
	 	245 EAST WILSHIRE AVENUE, LLC
	 	13922 CERISE AVENUE, LLC
	 	637 EAST ROMIE LANE, LLC
	 	523 HAYES LANE, LLC
	 	GOLDEN HILL REAL ESTATE COMPANY, LLC
	 	11900 EAST ARTESIA BOULEVARD, LLC
	 	2400 PARKSIDE DRIVE, LLC
	 	1628 B STREET, LLC
	 	 	 	 	 
	 	 	By:	OHI Asset HUD SF CA, LLC,
	 	 	 	the Sole Member of each such company
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer

 

	 	ENCANTO SENIOR CARE, LLC
	 	OHI ASSET (AZ) AUSTIN HOUSE, LLC
	 	 
	 	 	By:	OHI Asset HUD SF, LLC,
	 	 	 	the Sole Member of each such Company
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer

 

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	 	CFG 2115 WOODSTOCK PLACE, LLC
	 	1200 ELY STREET HOLDINGS CO. LLC
	 	42235 COUNTY ROAD HOLDINGS CO. LLC
	 	2425 TELLER AVENUE, LLC
	 	48 HIGH POINT ROAD, LLC
	 	 	 	 	 
	 	 	By:	OHI Asset HUD CFG, LLC,
	 	 	 	the Sole Member of each of the companies
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	Texas Lessor - Stonegate, LP
	 	 	 	 	 
	 	 	By:	Texas Lessor – Stonegate GP, LLC,
	 	 	 	Its General Partner
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	PV REALTY – WILLOW TREE, LLC
	 	 	 	 	 
	 	 	By:	OHI Asset HUD WO, LLC,
	 	 	 	the Sole Member of such company
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer

 

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	 	PAVILLION NURSING CENTER NORTH, LLC
	 	PAVILLION NORTH PARTNERS, LLC
	 	THE SUBURBAN PAVILION, LLC
	 	 	 	 	 
	 	 	By:	OHI Asset (OH), LLC,
	 	 	 	the Sole Member of each such company
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	OHI ASSET IV (PA) SILVER LAKE, LP
	 	 	 	 	 
	 	 	By:	OHI Asset CSE-U Subsidiary, LLC,
	 	 	 	Its General Partner
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	cse pennsylvania holdings, LP
	 	cse centennial village, lp
	 	 	 	 	 
	 	 	By:	OHI Asset CSE-E Subsidiary, LLC,
	 	 	 	Its General Partner
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer

 

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	 	CSE DENVER ILIFF LLC
	 	CSE FAIRHAVEN LLC
	 	CSE MARIANNA HOLDINGS LLC
	 	CSE TEXARKANA LLC
	 	CSE WEST POINT LLC
	 	CSE WHITEHOUSE LLC
	 	CARNEGIE GARDENS LLC
	 	FLORIDA REAL ESTATE COMPANY, LLC
	 	GREENBOUGH, LLC
	 	LAD I REAL ESTATE COMPANY, LLC
	 	PANAMA CITY NURSING CENTER LLC
	 	SKYLER MAITLAND LLC
	 	SUWANEE, LLC
	 	OHI ASSET CSE-U SUBSIDIARY, LLC
	 	OHI TENNESSEE, LLC
	 	 	 	 	 
	 	 	By:	OHI Asset CSE-U, LLC,
	 	 	 	the Sole Member of each of the companies
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	CSE BLOUNTVILLE LLC
	 	CSE BOLIVAR LLC
	 	CSE CAMDEN LLC
	 	CSE HUNTINGDON LLC
	 	CSE JEFFERSON CITY LLC
	 	CSE MEMPHIS LLC
	 	CSE RIPLEY LLC
	 	 	 	 	 
	 	 	By:	OHI Tennessee, LLC,
	 	 	 	the Sole Member of each of the companies
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer

 

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	 	CSE CORPUS NORTH LLC
	 	CSE JACINTO CITY LLC
	 	CSE KERRVILLE LLC
	 	CSE RIPON LLC
	 	CSE SPRING BRANCH LLC
	 	CSE THE VILLAGE LLC
	 	CSE WILLIAMSPORT LLC
	 	DESERT LANE LLC
	 	NORTH LAS VEGAS LLC
	 	OHI ASSET CSE-E SUBSIDIARY, LLC
	 	 	 	 	 
	 	 	By:	OHI Asset CSE-E, LLC,
	 	 	 	the Sole Member of each of the companies
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	PAVILLION NORTH, LLP
	 	 	 	 	 
	 	 	By:	Pavillion Nursing Center North, LLC,
	 	 	 	its General Partner
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer

 

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	 	OHI ASSET (PA), LP
	 	OHI ASSET II (PA), LP
	 	OHI ASSET III (PA), LP
	 	 	 	 	 
	 	 	By:	OHI Asset (OH), LLC,
	 	 	 	the General Partner of each limited partnership
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	CSE CASABLANCA HOLDINGS LLC
	 	 	 	 	 
	 	 	By:	OHI Asset CSB LLC,
	 	 	 	the Sole Member of such company
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	CSE CASABLANCA HOLDINGS II LLC
	 	 	 	 	 
	 	 	By:	CSE Casablanca Holdings LLC,
	 	 	 	the Sole Member of such company
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer

 

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	 	CSE ALBANY LLC
	 	CSE AMARILLO LLC
	 	CSE AUGUSTA LLC
	 	CSE BEDFORD LLC
	 	CSE CAMBRIDGE REALTY LLC
	 	CSE CANTON LLC
	 	CSE CEDAR RAPIDS LLC
	 	CSE CHELMSFORD LLC
	 	CSE CHESTERTON LLC
	 	CSE CLAREMONT LLC
	 	CSE DENVER LLC
	 	CSE DOUGLAS LLC
	 	CSE ELKTON REALTY LLC
	 	CSE FORT WAYNE LLC
	 	CSE FRANKSTON LLC
	 	CSE GEORGETOWN LLC
	 	CSE GREEN BAY LLC
	 	CSE HILLIARD LLC
	 	CSE HUNTSVILLE LLC
	 	CSE INDIANAPOLIS – CONTINENTAL LLC
	 	CSE INDIANAPOLIS – GREENBRIAR LLC
	 	CSE JEFFERSONVILLE – HILLCREST CENTER LLC
	 	CSE JEFFERSONVILLE – JENNINGS HOUSE LLC
	 	CSE KINGSPORT LLC
	 	CSE LAKE CITY LLC
	 	CSE LAKE WORTH LLC
	 	CSE LAKEWOOD LLC
	 	CSE LAS VEGAS LLC
	 	CSE LAWRENCEBURG LLC
	 	CSE LEXINGTON PARK REALTY LLC
	 	CSE LIGONIER LLC
	 	CSE LIVE OAK LLC
	 	CSE LOWELL LLC
	 	CSE MOBILE LLC
	 	CSE MOORE LLC
	 	CSE NORTH CAROLINA HOLDINGS I LLC
	 	CSE NORTH CAROLINA HOLDINGS II LLC
	 	CSE OMRO LLC
	 	CSE ORANGE PARK LLC
	 	CSE ORLANDO – PINAR TERRACE MANOR LLC
	 	CSE ORLANDO – TERRA VISTA REHAB LLC
	 	CSE PIGGOTT LLC
	 	CSE PILOT POINT LLC
	 	CSE PONCA CITY LLC
	 	CSE PORT ST. LUCIE LLC
	 	CSE RICHMOND LLC
	 	CSE SAFFORD LLC
	 	CSE SALINA LLC
	 	CSE SEMINOLE LLC
	 	CSE SHAWNEE LLC
	 	CSE STILLWATER LLC

 

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	 	CSE TAYLORSVILLE LLC
	 	CSE TEXAS CITY LLC
	 	CSE UPLAND LLC
	 	CSE WINTER HAVEN LLC
	 	CSE YORKTOWN LLC
	 	 	 	 	 
	 	 	By:	CSE Casablanca Holdings II LLC,
	 	 	 	the Sole Member of each of the companies
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	CSE LEXINGTON PARK LLC
	 	 	 	 	 
	 	 	By:	CSE Lexington Park Realty LLC,
	 	 	 	the Sole Member of such company
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	CSE CAMBRIDGE LLC
	 	 	 	 	 
	 	 	By:	CSE Cambridge Realty LLC,
	 	 	 	the Sole Member of such company
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	CSE ELKTON LLC
	 	 	 	 	 
	 	 	By:	CSE Elkton Realty LLC,
	 	 	 	the Sole Member of such company
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer

 

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	 	CSE ARDEN L.P.
	 	CSE KING L.P.
	 	CSE KNIGHTDALE L.P.
	 	CSE LENOIR L.P.
	 	CSE WALNUT COVE L.P.
	 	CSE WOODFIN L.P.
	 	 	 	 	 
	 	 	By:	CSE North Carolina Holdings I LLC,
	 	 	 	the General Partner of each limited partnership
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	OMEGA TRS I, INC.
	 	OHI HEALTHCARE PROPERTIES HOLDCO, INC.
	 	 	 	 	 
	 	By: 	/s/ Daniel J. Booth
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	CSE PINE VIEW LLC
	 	DIXIE WHITE HOUSE NURSING HOME, LLC
	 	OCEAN SPRINGS NURSING HOME, LLC
	 	PENSACOLA REAL ESTATE HOLDINGS I, LLC
	 	PENSACOLA REAL ESTATE HOLDINGS II, LLC
	 	PENSACOLA REAL ESTATE HOLDINGS III, LLC
	 	PENSACOLA REAL ESTATE HOLDINGS IV, LLC
	 	PENSACOLA REAL ESTATE HOLDINGS V, LLC
	 	SKYLER BOYINGTON, LLC
	 	SKYLER FLORIDA, LLC
	 	SKYLER PENSACOLA, LLC
	 	 	 	 	 
	 	By:	OHI Asset HUD Delta, LLC,
	 	 	the Sole Member of each such company
	 	 	 	 	 
	 	By: 	/s/ Daniel J. Booth
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

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	 	OHI ASSET (GA) MOULTRIE, LLC
	 	OHI ASSET (GA) SNELLVILLE, LLC
	 	OHI ASSET (ID) HOLLY, LLC
	 	OHI ASSET (ID) MIDLAND, LLC
	 	OHI ASSET (IN) CONNERSVILLE, LLC
	 	OHI ASSET (MS) BYHALIA, LLC
	 	OHI ASSET (MS) CLEVELAND, LLC
	 	OHI ASSET (MS) CLINTON, LLC
	 	OHI ASSET (MS) COLUMBIA, LLC
	 	OHI ASSET (MS) CORINTH, LLC
	 	OHI ASSET (MS) GREENWOOD, LLC
	 	OHI ASSET (MS) GRENADA, LLC
	 	OHI ASSET (MS) HOLLY SPRINGS, LLC
	 	OHI ASSET (MS) INDIANOLA, LLC
	 	OHI ASSET (MS) NATCHEZ, LLC
	 	OHI ASSET (MS) PICAYUNE, LLC
	 	OHI ASSET (MS) VICKSBURG, LLC
	 	OHI ASSET (MS) YAZOO CITY, LLC
	 	OHI ASSET (NC) WADESBORO, LLC
	 	OHI ASSET (OR) PORTLAND, LLC
	 	OHI ASSET (SC) AIKEN, LLC
	 	OHI ASSET (SC) ANDERSON, LLC
	 	OHI ASSET (SC) EASLEY ANNE, LLC
	 	OHI ASSET (SC) EASLEY CRESTVIEW, LLC
	 	OHI ASSET (SC) EDGEFIELD, LLC
	 	OHI ASSET (SC) GREENVILLE GRIFFITH, LLC
	 	OHI ASSET (SC) GREENVILLE LAURENS, LLC
	 	OHI ASSET (SC) GREENVILLE NORTH, LLC
	 	OHI ASSET (SC) GREER, LLC
	 	OHI ASSET (SC) MARIETTA, LLC
	 	OHI ASSET (SC) MCCORMICK, LLC
	 	OHI ASSET (SC) PICKENS EAST CEDAR, LLC
	 	OHI ASSET (SC) PICKENS ROSEMOND, LLC
	 	OHI ASSET (SC) PIEDMONT, LLC
	 	OHI ASSET (SC) SIMPSONVILLE SE MAIN, LLC
	 	OHI ASSET (SC) SIMPSONVILLE WEST BROAD, LLC
	 	OHI ASSET (SC) SIMPSONVILLE WEST CURTIS, LLC
	 	OHI ASSET (TN) BARTLETT, LLC
	 	OHI ASSET (TN) COLLIERVILLE, LLC
	 	OHI ASSET (TN) MEMPHIS, LLC
	 	OHI ASSET (TX) ANDERSON, LLC
	 	OHI ASSET (TX) BRYAN, LLC
	 	OHI ASSET (TX) BURLESON, LLC
	 	OHI ASSET (TX) COLLEGE STATION, LLC

 

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healthcare investors, inc.

first
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    	17

    	 

    

 

	 	OHI ASSET (TX) COMFORT, LLC
	 	OHI ASSET (TX) DIBOLL, LLC
	 	OHI ASSET (TX) GRANBURY, LLC
	 	OHI ASSET (TX) ITALY, LLC
	 	OHI ASSET (TX) WINNSBORO, LLC
	 	OHI ASSET (UT) OGDEN, LLC
	 	OHI ASSET (UT) PROVO, LLC
	 	OHI ASSET (UT) ROY, LLC
	 	OHI ASSET (VA) CHARLOTTESVILLE, LLC
	 	OHI ASSET (VA) FARMVILLE, LLC
	 	OHI ASSET (VA) HILLSVILLE, LLC
	 	OHI ASSET (VA) ROCKY MOUNT, LLC
	 	OHI ASSET (WA) BATTLE GROUND, LLC
	 	OHI ASSET RO PMM SERVICES, LLC
	 	OHI ASSET (GA) MACON, LLC
	 	OHI ASSET (SC) GREENVILLE, LLC
	 	OHI ASSET (SC) ORANGEBURG, LLC
	 	 	 
	 	By:	OHI Asset RO, LLC,
	 	 	the Sole Member of each such company
	 	 	 
	 	By:	/s/ Daniel J. Booth
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer
	 	 	 
	 	OHI HEALTHCARE PROPERTIES LIMITED PARTNERSHIP
	 	 	 
	 	By:	Omega Healthcare Investors, Inc.,
	 	 	the General Partner of such limited partnership
	 	 	 
	 	By:	/s/ Daniel J. Booth
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

omega
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first
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    	18

    	 

    

 

	 	OHI ASSET MANAGEMENT, LLC
	 	 	 	 	 
	 	 	By:	OHI Healthcare Properties Limited Partnership,
	 	 	 	a Member of such company
	 	 	 	 	 
	 	 	By:	Omega Healthcare Investors, Inc.,
	 	 	 	the General Partner of such limited partnership
	 	 	 	 	 
	 	 	 	By: 	/s/ Daniel J. Booth
	 	 	 	Name:	Daniel J. Booth
	 	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	 	By:	Omega TRS I, Inc.,
	 	 	 	a member of such company
	 	 	 	 	 
	 	 	By:	/s/ Daniel J. Booth
	 	 	Name:	Daniel J. Booth
	 	 	Title:	Chief Operating Officer
	 	 	 	 	 
	 	OHI ASSET (OR) TROUTDALE, LLC
	 	OHI ASSET (PA) GP, LLC
	 	HOT SPRINGS ATRIUM OWNER, LLC
	 	HOT SPRINGS COTTAGES OWNER, LLC
	 	HOT SPRINGS MARINA OWNER, LLC
	 	 	 	 	 
	 	 	By: 	OHI Asset CHG ALF, LLC,
	 	 	 	the Sole Member of such company
	 	 	 	 	 
	 	 	By:	/s/ Daniel J. Booth
	 	 	Name:	Daniel J. Booth
	 	 	Title:	Chief Operating Officer

 

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healthcare investors, inc.

first
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    	19

    	 

    

 

	 	OHI ASSET (PA) WEST MIFFLIN, LP
	 	BALA CYNWYD REAL ESTATE, LP
	 	 	 	 
	 	By: 	OHI Asset (PA) GP, LLC,
	 	 	the General Partner of each limited partnerships
	 	 	 	 
	 	By:	/s/ Daniel J. Booth
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer
	 	 	 	 
	 	BAYSIDE COLORADO HEALTHCARE ASSSOCIATES, LLC
	 	 	 	 
	 	By:	Bayside Street, LLC,
	 	 	the Sole Member of such company
	 	 	 	 
	 	By:	/s/ Daniel J. Booth
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

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healthcare investors, inc.

first
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    	20

    	 

    

 

	 	CANTON HEALTH CARE LAND, LLC
	 	DIXON HEALTH CARE CENTER, LLC
	 	HUTTON I LAND, LLC
	 	HUTTON II LAND, LLC
	 	HUTTON III LAND, LLC
	 	LEATHERMAN PARTNERSHIP 89-1, LLC
	 	LEATHERMAN PARTNERSHIP 89-2, LLC
	 	LEATHERMAN 90-1, LLC
	 	MERIDIAN ARMS LAND, LLC
	 	ORANGE VILLAGE CARE CENTER, LLC
	 	ST. MARY’S PROPERTIES, LLC
	 	 	 	 	 
	 	By:	Bayside Street II, LLC,
	 	 	the Sole Member of such company
	 	 	 	 	 
	 	By:	/s/ Daniel J. Booth
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

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healthcare investors, inc.

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    	21

    	 

    

 

	ADMINISTRATIVE AGENT:	bank of america, n.a.,
	 	as Administrative Agent
	 	 	 
	 	By:	/s/ Yinghua Zhang
	 	Name:	Yinghua Zhang
	 	Title:  	 Director

 

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healthcare investors, inc.

first
amendment to credit agreement

 

    	22

    	 

    

 

	EXISTING LENDERS:	bank of america, n.a., as L/C Issuer, Swing Line  Lender and as a Lender
	 	 	 
	 	By:	/s/ Yinghua Zhang
	 	Name:	Yinghua Zhang
	 	Title:  	 Director

 

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healthcare investors, inc.

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    	23

    	 

    

 

	 	CREDIT AGRICOLE COPORATE AND INVESTMENT BANK,
	 	as a Lender
	 	 	 
	 	By:	/s/ Amy Trapp
	 	Name:	Amy Trapp
	 	Title:	Managing Director
	 	 	 
	 	By:	/s/ John Bosco
	 	Name:	John Bosco
	 	Title:	Director

 

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healthcare investors, inc.

first
amendment to credit agreement

 

    	24

    	 

    

 

	 	JPMORGAN CHASE BANK, N.A.,
	 	as a Lender
	 	 	 
	 	By:	/s/ Brendan M. Poe
	 	Name:	Brendan M. Poe
	 	Title:	Executive Director

 

    	25

    	 

    

 

	 	CITIZENS BANK, NATIONAL ASSOCIATION,
	 	as a Lender
	 	 	 
	 	By:	/s/ Brad Bindas
	 	Name:	Brad Bindas
	 	Title:	Senior Vice President

 

    	26

    	 

    

 

	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
	 	as a Lender
	 	 	 
	 	By:	/s/ Scott O. Connell
	 	Name:	Scott O. Connell
	 	Title:	Director

 

    	27

    	 

    

 

	 	CAPITAL ONE, NATIONAL ASSOCIATION,
	 	as a Lender
	 	 	 
	 	By:	/s/ Scott Rossbach
	 	Name:	Scott Rossbach
	 	Title:	Director

 

    	28

    	 

    

 

	 	MORGAN STANLEY BANK, N.A.,
	 	as a Lender
	 	 	 
	 	By:	/s/ Michael King
	 	Name:	Michael King
	 	Title:	Authorized Signatory

 

    	29

    	 

    

 

	 	ROYAL BANK OF CANADA,
	 	as a Lender
	 	 	 
	 	By:	/s/ Brian Gross
	 	Name:	Brian Gross
	 	Title:	Authorized Signatory

 

    	30

    	 

    

 

	 	SUNTRUST BANK,
	 	as a Lender
	 	 	 
	 	By:	/s/ Joshua Turner
	 	Name:	Joshua Turner
	 	Title:	Vice President

 

    	31

    	 

    

 

	 	BRANCH BANKING AND TRUST COMPANY,
	 	as a Lender
	 	 	 
	 	By:	/s/ Glenn A. Page
	 	Name:	Glenn A. Page
	 	Title:	Senior Vice President

 

    	32

    	 

    

 

	 	SUMITOMO MITSUI BANKING CORPORATION,
	 	as a Lender
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	33

    	 

    

 

	 	STIFEL BANK & TRUST,
	 	as a Lender
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	34

    	 

    

 

	 	SYNOVUS BANK,
	 	as a Lender
	 	 	 
	 	By:	/s/ Conner Parsons
	 	Name:	Conner Parsons
	 	Title:	Associate

 

    	35

    	 

    

 

	 	BANK OF TAIWAN, A REPUBLIC OF CHINA 

BANK ACTING THROUGH ITS LOS ANGELES

 BRANCH,
	 	as a Lender
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	36

    	 

    

 

	 	MEGA INTERNATIONAL COMMERCIAL 

BANK CO., LTD. NEW YORK BRANCH,
	 	as a Lender
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	37

    	 

    

 

	 	LAND BANK OF TAIWAN LOS ANGELES 

BRANCH,
	 	as a Lender
	 	 	 
	 	By:	/s/ Henry C.R. Leu
	 	Name:	Henry C.R. Leu
	 	Title:	SVP & General Manager

 

    	38

    	 

    

 

	 	TAIWAN BUSINESS BANK, LOS ANGELES 

BRANCH,
	 	as a Lender
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	39

    	 

    

 

	 	TAIWAN COOPERATIVE BANK, LTD.,
	 	SEATTLE BRANCH,
	 	as a Lender
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	40

    	 

    

 

	 	FIRST COMMERCIAL BANK, LTD., A 

REPUBLIC OF CHINA BANK ACTING 

THROUGH ITS LOS ANGELES BRANCH,
	 	as a Lender
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	41

    	 

    

 

	 	E. SUN COMMERCIAL BANK, LIMITED, LOS 

ANGELES BRANCH,
	 	as a Lender
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	42

    	 

    

 

	 	HUA NAN COMMERCIAL BANK LTD.,
	 	LOS ANGELES BRANCH,
	 	as a Lender
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	43

    	 

    

 

	NEW LENDERS:	WELLS FARGO BANK, NATIONAL 

ASSOCIATION,
	 	as a New Lender
	 	 	 
	 	By:	/s/ Darin Mulliss
	 	Name:	Darin Mulliss
	 	Title:	Director

 

    	44

    	 

    

 

	 	COMPASS BANK,
	 	as a New Lender
	 	 	 
	 	By:	/s/ Dan Killian
	 	Name:	Dan Killian
	 	Title:	Senior Vice President

 

    	45

    	 

    

 

	 	REGIONS BANK,
	 	as a New Lender
	 	 	 
	 	By:	/s/ Steven W. Mitchell
	 	Name:	Steven W. Mitchell
	 	Title:	Senior Vice President

 

    	46

    	 

    

 

	 	THE HUNTINGTON NATIONAL BANK,
	 	as a New Lender
	 	 	 
	 	By:	/s/ Michael Shiferaw
	 	Name:	Michael Shiferaw
	 	Title:	Vice President

 

    	47

    	 

    

 

Exhibit A

 

AMENDED CREDIT AGREEMENT

 

    	 

    	 

    

 

Schedule 2.01

 

LENDERS
AND COMMITMENTS

 

    	 

    	 

    

 

 

Exhibit A

to

First Amendment to Credit Agreement

 

 

 Published CUSIP Number: 68209GAH3

 

CREDIT AGREEMENT

 

Dated as of June 27, 2014

 

among

 

OMEGA HEALTHCARE INVESTORS, INC.,

as Borrower

 

CERTAIN SUBSIDIARIES OF THE BORROWER

 

REFERRED TO HEREIN AS GUARANTORS,

 

THE LENDERS PARTY HERETO,

 

BANK OF AMERICA, N.A.,

as Administrative Agent, Swing Line Lender and L/C Issuer,

 

and

 

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT
BANK,

 

and

 

J.P.MORGAN CHASE BANK, N.A.,

 

and

 

CITIZENS BANK, NATIONAL ASSOCIATION,

 

as Co-Syndication Agents,

 

and

 

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

as Joint Lead Arranger and Sole Book Runner

 

and

 

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT
BANK,

 

and

 

J.P. MORGAN SECURITIES LLC,

 

and

 

CITIZENS BANK, NATIONAL ASSOCIATION,

 

as Joint Lead Arrangers

 

 

 

    	 

    	 

    

 

TABLE OF CONTENTS

 

	 	 	Page
	 	 	 
	Article I DEFINITIONS AND ACCOUNTING TERMS	1
	 	 	 
	1.01	Defined Terms	1
	1.02	Interpretive Provisions	37
	1.03	Accounting Terms	38
	1.04	Rounding	39
	1.05	References to Agreements and Laws	39
	1.06	Times of Day; Rates	39
	1.07	Letter of Credit Amounts	39
	 	 	 
	Article II COMMITMENTS AND EXTENSION OF CREDITS	39
	 	 	 
	2.01	Commitments	39
	2.02	Borrowings, Conversions and Continuations	44
	2.03	Additional Provisions with respect to Letters of Credit	45
	2.04	Additional Provisions with respect to Swing Line Loans	52
	2.05	Repayment of Loans	55
	2.06	Prepayments	55
	2.07	Termination or Reduction of Commitments	56
	2.08	Interest	56
	2.09	Fees	57
	2.10	Computation of Interest and Fees	59
	2.11	Payments Generally	59
	2.12	Sharing of Payments	61
	2.13	Evidence of Debt	62
	2.14	Cash Collateral	63
	2.15	Defaulting Lenders	64
	2.16	Extension of Revolving Loan Maturity Date	67
	2.17	Extension of Acquisition Term Loan Maturity Date	67
	 	 	 
	Article III TAXES, YIELD PROTECTION AND ILLEGALITY	68
	 	 	 
	3.01	Taxes	68
	3.02	Illegality	70
	3.03	Inability to Determine Rates	71
	3.04	Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurodollar Loans	71
	3.05	Funding Losses	72
	3.06	Matters Applicable to all Requests for Compensation	72
	3.07	Survival	73
	 	 	 
	Article IV CONDITIONS PRECEDENT TO EXTENSION OF CREDITS	73
	 	 	 
	4.01	Conditions to Initial Extensions of Credit	73
	4.02	Conditions to Extensions of Credit	76
	 	 	 
	Article V REPRESENTATIONS AND WARRANTIES	76

 

    	i

    	 

    

 

	5.01	Financial Statements; No Material Adverse Effect	76
	5.02	Corporate Existence and Power	77
	5.03	Corporate and Governmental Authorization; No Contravention	77
	5.04	Binding Effect	77
	5.05	Litigation	78
	5.06	Compliance with ERISA	78
	5.07	Environmental Matters	79
	5.08	Margin Regulations; Investment Company Act	80
	5.09	Compliance with Laws	80
	5.10	Ownership of Property; Liens	80
	5.11	Corporate Structure; Capital Stock, Etc.	80
	5.12	Labor Matters	81
	5.13	No Default	81
	5.14	Solvency	81
	5.15	Taxes	81
	5.16	REIT Status	81
	5.17	Insurance	81
	5.18	Intellectual Property; Licenses, Etc.	82
	5.19	Disclosure	82
	5.20	Anti-Terrorism Laws	82
	 	 	 
	Article VI AFFIRMATIVE COVENANTS	83
	 	 	 
	6.01	Financial Statements	83
	6.02	Certificates; Other Information	84
	6.03	Preservation of Existence and Franchises	86
	6.04	Books and Records	86
	6.05	Compliance with Law	86
	6.06	Payment of Taxes and Other Indebtedness	87
	6.07	Insurance	87
	6.08	Maintenance of Property	87
	6.09	Performance of Obligations	87
	6.10	Visits and Inspections	88
	6.11	Use of Proceeds/Purpose of Loans and Letters of Credit	88
	6.12	Financial Covenants	88
	6.13	Environmental Matters; Preparation of Environmental Reports	89
	6.14	REIT Status	89
	6.15	Additional Guarantors; Withdrawal or Addition of Unencumbered Properties; Release of Guarantors	90
	6.16	Anti-Terrorism Laws	91
	6.17	Compliance With Material Contracts	91
	6.18	Designation as Senior Debt	92
	6.19	Investor Guaranties	92
	 	 	 
	Article VII NEGATIVE COVENANTS	92
	 	 	 
	7.01	Liens	92
	7.02	Indebtedness	93
	7.03	Investments	94

 

    	ii

    	 

    

 

	7.04	Fundamental Changes	95
	7.05	Dispositions	95
	7.06	Change in Nature of Business	96
	7.07	Transactions with Affiliates and Insiders	96
	7.08	Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity	96
	7.09	Negative Pledges	97
	7.10	Use of Proceeds	97
	7.11	Prepayments of Indebtedness	97
	7.12	Stock Repurchases	97
	7.13	Sanctions	98
	 	 	 
	Article VIII EVENTS OF DEFAULT AND REMEDIES	98
	 	 	 
	8.01	Events of Default	98
	8.02	Remedies Upon Event of Default	100
	8.03	Application of Funds	101
	 	 	 
	Article IX ADMINISTRATIVE AGENT	102
	 	 	 
	9.01	Appointment and Authorization of Administrative Agent	102
	9.02	Delegation of Duties	103
	9.03	Liability of Administrative Agent	103
	9.04	Reliance by Administrative Agent	103
	9.05	Notice of Default	104
	9.06	Credit Decision; Disclosure of Confidential Information by Administrative Agent	104
	9.07	Indemnification of Administrative Agent	105
	9.08	Administrative Agent in its Individual Capacity	105
	9.09	Successor Administrative Agent	106
	9.10	Administrative Agent May File Proofs of Claim	106
	9.11	Guaranty Matters	107
	9.12	Other Agents; Arrangers and Managers	107
	 	 	 
	Article X MISCELLANEOUS	108
	 	 	 
	10.01	Amendments, Etc.	108
	10.02	Notices and Other Communications; Facsimile Copies	110
	10.03	No Waiver; Cumulative Remedies	112
	10.04	Attorney Costs, Expenses and Taxes	112
	10.05	Indemnification	113
	10.06	Payments Set Aside	114
	10.07	Successors and Assigns	114
	10.08	Confidentiality	118
	10.09	Set-off	119
	10.10	Interest Rate Limitation	120
	10.11	Counterparts	120
	10.12	Integration	120
	10.13	Survival of Representations and Warranties	120
	10.14	Severability	120

 

    	iii

    	 

    

 

	10.15	Tax Forms	121
	10.16	Replacement of Lenders	123
	10.17	No Advisory or Fiduciary Responsibility	123
	10.18	Source of Funds	124
	10.19	GOVERNING LAW	124
	10.20	WAIVER OF RIGHT TO TRIAL BY JURY	125
	10.21	No Conflict	125
	10.22	USA Patriot Act Notice	125
	10.23	Electronic Execution of Assignments and Certain Other Documents	126
	10.24	Entire Agreement	126
	 	 	 
	Article XI GUARANTY	126
	 	 	 
	11.01	The Guaranty	126
	11.02	Obligations Unconditional	127
	11.03	Reinstatement	128
	11.04	Certain Waivers	128
	11.05	Rights of Contribution	129
	11.06	Guaranty of Payment; Continuing Guaranty	129
	11.07	Keepwell	129

 

    	iv

    	 

    

 

SCHEDULES

 

	2.01	Lenders and Commitments
	5.11	Corporate Structure; Capital Stock
	5.20	Consolidated Parties
	7.01	Liens
	7.02	Indebtedness
	7.03	Investments
	7.09	Negative Pledges
	10.02	Notice Addresses

 

EXHIBITS

 

	A	Form of Loan Notice
	B	Form of Revolving Note
	C	Form of Term Note
	D	Form of Compliance Certificate
	E	Form of Assignment and Assumption
	F	Form of Subsidiary Guarantor Joinder Agreement
	G	Form of Lender Joinder Agreement

 

    	v

    	 

    

 

 

CREDIT AGREEMENT

 

This CREDIT AGREEMENT
(as amended, modified, restated or supplemented from time to time, this “Credit Agreement” or this “Agreement”)
is entered into as of June 27, 2014 by and among OMEGA HEALTHCARE INVESTORS, INC., a Maryland corporation (the “Borrower”)
certain subsidiaries of the Borrower identified herein, as Guarantors, the Lenders (as defined herein), and BANK OF AMERICA, N.A.,
as Administrative Agent, Swing Line Lender and L/C Issuer (each, as defined herein).

 

WHEREAS, the Borrower
has requested that the Revolving Lenders hereunder provide a four-year revolving credit facility in an amount of $1,250,000,000
(the “Revolving Credit Facility”), the Closing Date Term Loan Lenders hereunder provide a term loan facility
in the amount of $200,000,000 (the “Closing Date Term Loan Facility”) and the Acquisition Term Loan Lenders
hereunder provide a term loan facility in the amount of $200,000,000 (the “Acquisition Term Loan Facility” and
together with the Revolving Credit Facility and the Closing Date Term Loan Facility, the “Credit Facilities”),
which Credit Facilities may be increased to an aggregate amount of $1,900,000,000;

 

WHEREAS, to provide
assurance for the repayment of the Loans hereunder and the other Obligations of the Credit Parties, the Borrower will, among other
things, provide or cause to be provided to the Administrative Agent, for the benefit of the holders of the Obligations so guaranteed,
a guaranty of the Obligations by each of the Guarantors pursuant to Article XI hereof;

 

WHEREAS, subject
to the terms and conditions set forth herein, the Administrative Agent is willing to act as administrative agent for the Lenders,
the L/C Issuer is willing to issue Letters of Credit as provided herein, the Swing Line Lender is willing to make Swing Line Loans
as provided herein, and each of the Revolving Lenders is willing to make Revolving Loans and to participate in Letters of Credit
as provided herein in an aggregate amount at any one time outstanding not in excess of such Revolving Lender’s Revolving
Commitment hereunder, each of the Closing Date Term Loan Lenders is willing to make Closing Date Term Loans as provided herein
in an aggregate amount at any one time outstanding not in excess of such Closing Date Term Loan Lender’s Closing Date Term
Loan Commitment hereunder and each of the Acquisition Term Loan Lenders is willing to make Acquisition Term Loans as provided herein
in an aggregate amount at any one time outstanding not in excess of such Acquisition Term Loan Lender’s Acquisition Term
Loan Commitment hereunder.

 

NOW, THEREFORE,
in consideration of these premises and the mutual covenants and agreements contained herein, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto covenant and agree as follows:

 

    	 

    	 

    

 

Article
I

DEFINITIONS AND ACCOUNTING TERMS

 

1.01        Defined
Terms.

 

As used in this Credit
Agreement, the following terms have the meanings set forth below (such meanings to be equally applicable to both the singular and
plural forms of the terms defined):

 

“Acquisition”
with respect to any Person, means the purchase or acquisition by such Person of any Capital Stock in or any asset of another Person,
whether or not involving a merger or consolidation with such other Person.

 

“Acquisition Leverage
Ratio Notice” means a written notice from the Borrower to the Administrative Agent (a) delivered not later than twenty
(20) days following the last day of the initial fiscal quarter in which the Borrower seeks to invoke an adjustment to the Consolidated
Leverage Ratio and/or the Consolidated Unencumbered Leverage Ratio and (b) which describes the Significant Acquisition which formed
the basis for such request (including without limitation, a pro forma calculation of the Consolidated Leverage Ratio and/or the
Consolidated Unencumbered Leverage Ratio, as applicable, immediately prior to and after giving effect to such Significant Acquisition)
and otherwise in form and substance reasonably satisfactory to the Administrative Agent.

 

“Acquisition
Term Loan” has the meaning provided in Section 2.01(d)(ii).

 

“Acquisition Term
Loan Commitment” means, with respect to each Acquisition Term Loan Lender, the commitment of such Acquisition Term Loan
Lender to make its portion of the Acquisition Term Loan to the Borrower pursuant to Section 2.01(d)(ii), in the principal
amount set forth opposite such Acquisition Term Loan Lender’s name on Schedule 2.01; provided that, at any time after
funding of an Acquisition Term Loan, the determinations “Required Lender” shall also be based on the outstanding principal
amount of the such Acquisition Term Loan.  The aggregate principal amount of the Acquisition Term Loan Commitments of
all of the Acquisition Term Loan Lenders as in effect on the First Amendment Effective Date is Two Hundred Million Dollars ($200,000,000).

 

“Acquisition Term
Loan Commitment Percentage” means, at any time, for each Acquisition Term Loan Lender, the percentage of the Acquisition
Term Loan (or aggregate Acquisition Term Loan Commitment, prior to the termination thereof) held by such Acquisition Term Loan
Lender to the aggregate Acquisition Term Loan (or Acquisition Term Loan Commitments) held by all Acquisition Term Loan Lenders,
as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 10.07.  The
Acquisition Term Loan Commitment Percentages as in effect on the First Amendment Effective Date are set forth on Schedule 2.01.

 

“Acquisition Term
Loan Extension Request Date” has the meaning provided in Section 2.17(a).

 

“Acquisition Term
Loan Lenders” means a collective reference to the Lenders holding Acquisition Term Loans.

 

“Acquisition Term
Loan Maturity Date” means the later to occur of (a) June 27, 2017 and (b) if maturity is extended pursuant to Section
2.17, such extended maturity date as determined pursuant to such section.

 

    	2

    	 

    

 

“Adjusted Consolidated
Funded Debt” means, as of any date of determination, the sum of (a) all Consolidated Funded Debt plus (b) the
Consolidated Parties’ pro rata share of Funded Debt attributable to interest in Unconsolidated Affiliates.

 

“Administrative
Agent” means Bank of America in its capacity as administrative agent for the Lenders under any of the Credit Documents,
or any successor administrative agent.

 

“Administrative
Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 10.02,
or such other address or account as the Administrative Agent may from time to time notify the Borrower and the Lenders.

 

“Administrative
Questionnaire” means an Administrative Questionnaire in a form supplied by the Administrative Agent.

 

“Affiliate”
means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or
is Controlled by or is under common Control with the Person specified.

 

“Agent-Related
Persons” means the Administrative Agent, together with its Affiliates (including, in the case of Bank of America in its
capacity as the Administrative Agent, the Arranger), and the officers, directors, employees, agents and attorneys-in-fact of such
Persons and Affiliates.

 

“Aggregate Revolving
Commitments” means the Revolving Commitments of all the Revolving Lenders.

 

“Aggregate Revolving
Committed Amount” has the meaning provided in Section 2.01(a), as increased from time to time pursuant to
Section 2.01(e).

 

“Agreement”
has the meaning provided in the introductory paragraph hereof.

 

“Applicable Maturity
Date” means (a) with respect to the Revolving Loans, the Swing Line Loans and Letters of Credit, the Revolving Loan Maturity
Date; (b) with respect to the Closing Date Term Loan, the Closing Date Term Loan Maturity Date; and (c) with respect to the Acquisition
Term Loan, the Acquisition Term Loan Maturity Date.

 

“Applicable Percentage”
means with respect to any Lender at any time, (a) with respect to such Lender’s Revolving Commitment at any time, the percentage
(carried out to the ninth decimal place) of the Aggregate Revolving Commitments represented by such Lender’s Revolving Commitment
at such time, subject to adjustment as provided in Section 2.15; provided that if the commitment of each Lender to make
Revolving Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section
8.02 or if the Aggregate Revolving Commitments have expired, then the Applicable Percentage of each Lender shall be determined
based on the Applicable Percentage of such Lender most recently in effect, giving effect to any subsequent assignments, (b) with
respect to such Lender’s portion of any outstanding Closing Date Term Loan at any time, the percentage (carried out to the
ninth decimal place) of the outstanding principal amount of such Closing Date Term Loan held by such Lender at such time subject
to adjustment as provided in Section 2.15, (c) with respect to

 

    	3

    	 

    

 

such Lender’s portion
of any outstanding Acquisition Term Loan at any time, the percentage (carried out to the ninth decimal place) of the outstanding
principal amount of such Acquisition Term Loan held by such Lender at such time subject to adjustment as provided in Section
2.15, (d) with respect to such Lender’s Closing Date Term Loan Commitment at any time, the percentage (carried out to
the ninth decimal place) of the aggregate Closing Date Term Loan Commitments of all Lenders represented by such Lender’s
Closing Date Term Loan Commitment at such time, subject to adjustment as provided in Section 2.15 and (e) with respect to
such Lender’s Acquisition Term Loan Commitment at any time, the percentage (carried out to the ninth decimal place) of the
aggregate Acquisition Term Loan Commitments of all Lenders represented by such Lender’s Acquisition Term Loan Commitment
at such time, subject to adjustment as provided in Section 2.15.  The initial Applicable Percentage of each Lender
is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such
Lender becomes a party hereto or in any documentation executed by such Lender pursuant to Section 2.01(e), as applicable.

 

“Applicable Rate”
means, for any applicable period, the appropriate applicable percentage corresponding to the following percentages per annum, based
upon the Debt Ratings at each Pricing Level as set forth below:

 

	Applicable Rate
	 	 	 	 	Revolving Loans	 	 	Term Loan	 	 	 	 	 	 	 
	Pricing	 		 	Eurodollar	 	 	Base Rate	 	 	Eurodollar	 	 	Base Rate	 	 	Letter of	 	 	Facility	 
	Level	 	Debt Rating	 	Loans	 	 	Loans	 	 	Loans	 	 	Loans	 	 	Credit Fee	 	 	Fee	 
	1	 	> A-/A3	 	 	0.925	%	 	 	0.00	%	 	 	1.00	%	 	 	0.00	%	 	 	0.925	%	 	 	0.125	%
	2	 	BBB+/Baa1	 	 	1.00	%	 	 	0.00	%	 	 	1.10	%	 	 	0.10	%	 	 	1.00	%	 	 	0.15	%
	3	 	BBB/Baa2	 	 	1.10	%	 	 	0.10	%	 	 	1.25	%	 	 	0.25	%	 	 	1.10	%	 	 	0.20	%
	4	 	BBB-/Baa3	 	 	1.30	%	 	 	0.30	%	 	 	1.50	%	 	 	0.50	%	 	 	1.30	%	 	 	0.25	%
	5	 	<BBB-/Baa3	 	 	1.70	%	 	 	0.70	%	 	 	1.95	%	 	 	0.95	%	 	 	1.70	%	 	 	0.30	%

 

Each change in the Applicable Rate resulting
from a publicly announced change in the Debt Rating shall be effective, in the case of an upgrade, during the period commencing
on the date of delivery by the Borrower to the Administrative Agent of notice thereof and ending on the day immediately preceding
the effective date of the next such change and, in the case of a downgrade, during the period commencing on the date of the public
announcement thereof and ending on the day immediately preceding the effective date of the next such change.  If at any
time the Borrower or Omega LP has only two (2) Debt Ratings, and such Debt Ratings are split, then: (A) if the difference between
such Debt Ratings is one ratings category (e.g. Baa2 by Moody’s and BBB- by S&P or Fitch), the Applicable Rate shall
be the rate per annum that would be applicable if the higher of the Debt Ratings were used; and (B) if the difference between such
Debt Ratings is two ratings categories (e.g. Baa1 by Moody’s and BBB- by S&P), the Applicable Rate shall be the rate
per annum that would be applicable if the median of the applicable Debt Ratings were used.  If at any time the Borrower
or Omega LP has three (3) Debt Ratings, and such Debt Ratings are split, then: (A) if the difference between the highest and the
lowest such Debt Ratings is one ratings category (e.g. Baa2 by Moody’s and BBB- by S&P or Fitch), the Applicable Rate
shall be the rate per annum that would be applicable if the highest of the Debt Ratings were used; and (B) if the difference between
such Debt Ratings is two ratings categories (e.g. Baa1 by Moody’s and BBB- by S&P or Fitch) or more, the Applicable Rate
shall be the rate

 

    	4

    	 

    

 

per annum that would be applicable if the average
of the two (2) highest Debt Ratings were used; provided, that if such average is not a recognized rating category, then
the Applicable Rate shall be the rate per annum that would be applicable if the second highest Debt Rating of the three were used.  

 

“Approved Fund”
means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of
an entity that administers or manages a Lender.

 

“Arranger”
means, collectively, (i) Merrill Lynch, Pierce, Fenner & Smith Incorporated, in its capacity as joint lead arranger and sole
book runner, (ii) Credit Agricole Corporate and Investment Bank, in its capacity as joint lead arranger, (iii) J.P. Morgan Securities
LLC, in its capacity as joint lead arranger and (iv) Citizens Bank, National Association, in its capacity as joint lead arranger.

 

“Assignee Group”
means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment
advisor.

 

“Assignment and
Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of
any party whose consent is required by Section 10.07(b)), and accepted by the Administrative Agent, in substantially the
form of Exhibit E or any other form (including electronic documentation generated by use of an electronic platform)
approved by the Administrative Agent and, if such assignment and assumption requires its consent, the Borrower.

 

“Attorney Costs”
means and includes all reasonable and documented fees, expenses and disbursements of any law firm or other external counsel and,
without duplication, the allocated reasonable and documented cost of internal legal services and all expenses and disbursements
of internal counsel.

 

“Attributable
Principal Amount” means (a) in the case of capital leases, the amount of capital lease obligations determined in accordance
with GAAP, (b) in the case of Synthetic Leases, an amount determined by capitalization of the remaining lease payments thereunder
as if it were a capital lease determined in accordance with GAAP, (c) in the case of Securitization Transactions, the outstanding
principal amount of such financing, after taking into account reserve amounts and making appropriate adjustments, determined by
the Administrative Agent in its reasonable judgment and (d) in the case of Sale and Leaseback Transactions, the present value (discounted
in accordance with GAAP at the debt rate implied in the applicable lease) of the obligations of the lessee for rental payments
during the term of such lease.

 

“Audited Financial
Statements” means the audited consolidated balance sheet of the Borrower and its Consolidated Subsidiaries for the fiscal
year ended December 31, 2014, and the related consolidated statements of earnings, shareholders’ equity and cash flows
for such fiscal year of the Borrower and its Consolidated Subsidiaries, including the notes thereto; provided, that the
Administrative Agent hereby agrees that the Form 10-K of the Borrower delivered to it by the Borrower and containing information
for the fiscal year ended December 31, 2014 shall

 

    	5

    	 

    

 

constitute all information
required to be delivered as part of the “Audited Financial Statements” for purposes of this Agreement.

 

“Bank of America”
means Bank of America, N.A., together with its successors.

 

“Bankruptcy Code”
means Title 11 of the United States Code, as the same may be amended from time to time.

 

“Bankruptcy Event”
means, with respect to any Person, the occurrence of any of the following: (a) the entry of a decree or order for relief by a court
or governmental agency in an involuntary case under any applicable Debtor Relief Law or any other bankruptcy, insolvency or other
similar law now or hereafter in effect, or the appointment by a court or governmental agency of a receiver, liquidator, assignee,
custodian, trustee, sequestrator (or similar official) of such Person or for any substantial part of its Property or the ordering
of the winding up or liquidation of its affairs by a court or governmental agency and such decree, order or appointment is not
vacated or discharged within ninety (90) days of its filing; or (b) the commencement against such Person of an involuntary case
under any applicable Debtor Relief Law or any other bankruptcy, insolvency or other similar law now or hereafter in effect, or
of any case, proceeding or other action for the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator
(or similar official) of such Person or for any substantial part of its Property or for the winding up or liquidation of its affairs,
and such involuntary case or other case, proceeding or other action shall remain undismissed for a period of ninety (90) consecutive
days, or the repossession or seizure by a creditor of such Person of a substantial part of its Property; or (c) such Person shall
commence a voluntary case under any applicable Debtor Relief Law or any other bankruptcy, insolvency or other similar law now or
hereafter in effect, or consent to the entry of an order for relief in an involuntary case under any such law, or consent to the
appointment of or the taking possession by a receiver, liquidator, assignee, creditor in possession, custodian, trustee, sequestrator
(or similar official) of such Person or for any substantial part of its Property or make any general assignment for the benefit
of creditors; or (d) the filing of a petition by such Person seeking to take advantage of any Debtor Relief Law or any other
applicable Law, domestic or foreign, relating to bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment
of debts, or (e) such Person shall fail to contest in a timely and appropriate manner (and if not dismissed within ninety (90)
days) or shall consent to any petition filed against it in an involuntary case under such bankruptcy laws or other applicable Law
or consent to any proceeding or action relating to any bankruptcy, insolvency, reorganization, winding-up, or composition or adjustment
of debts with respect to its assets or existence, or (f) such Person shall admit in writing, or such Person’s financial statements
shall reflect, an inability to pay its debts generally as they become due.

 

“Base Rate”
means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 0.50%, (b) the rate
of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,”
and (c) the one-month Eurodollar Rate plus one percent (1.00%); and if Base Rate shall be less than zero, such rate shall be deemed
zero for purposes of this Agreement.  The “prime rate” is a rate set by Bank of America based upon various
factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used
as a reference point for pricing some loans, which may be priced at, above, or below such announced rate.  Any change
in the prime

 

    	6

    	 

    

 

rate announced by Bank of
America shall take effect at the opening of business on the day specified in the public announcement of such change.

 

“Base Rate Loan”
means a Loan that bears interest based on the Base Rate.

 

“Borrower”
has the meaning given to such term in the introductory paragraph hereof.

 

“Borrower Materials”
has the meaning provided in Section 6.02.

 

“Borrowing”
means (a) a borrowing consisting of simultaneous Loans of the same Type and, in the case of Eurodollar Loans, having the same Interest
Period, or (b) a borrowing of Swing Line Loans, as appropriate.

 

“Braswell Indebtedness”
means that certain Indebtedness of Regency Health Services, Inc. owing to C. Allen Braswell, Braswell Management,
Inc., Dorothy Norton and Cecil Mays pursuant to that certain Promissory Note Secured by Deeds of Trust in the
original principal amount of $4,114,035 (of which no more than $2,961,607 is outstanding as of the Closing Date).

 

“Businesses”
has the meaning provided in Section 5.07(a).

 

“Business Day”
means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or
are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates to any Eurodollar
Loan, means any such day that is also a London Banking Day.

 

“Capital Lease”
means a lease that would be capitalized on a balance sheet of the lessee prepared in accordance with GAAP.

 

“Capital Stock”
means (a) in the case of a corporation, capital stock, (b) in the case of an association or business entity, any and all shares,
interests, participations, rights or other equivalents (however designated) of capital stock, (c) in the case of a partnership,
partnership interests (whether general or limited), (d) in the case of a limited liability company, membership interests and (e)
any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions
of assets of, the issuing Person.

 

“Capitalization
Rate” means 10.0% for all government reimbursed assets (i.e. skilled nursing facilities, hospitals, etc.) and 7.50% for
all non-government reimbursed assets (i.e. assisted living facilities, independent living facilities, medical office buildings,
etc.).

 

“Cash Collateral”
means cash or deposit account balances pursuant to documentation in form and substance reasonably satisfactory to the Administrative
Agent and the L/C Issuer pledged and deposited with or delivered to the Administrative Agent, for the benefit of the L/C Issuer
and the Revolving Lenders, as collateral for the L/C Obligations.  “Cash Collateralization” and “Cash
Collateralize” have meanings correlative thereto.

 

“Cash Equivalents”
means (a) securities issued or directly and fully guaranteed or insured by the United States or any agency or instrumentality thereof
(provided that the full faith and

 

    	7

    	 

    

 

credit of the United States
is pledged in support thereof) having maturities of not more than twelve months from the date of acquisition, (b) time deposits
and certificates of deposit of (i) any Lender, (ii) any domestic commercial bank of recognized standing having capital and surplus
in excess of $500,000,000 or (iii) any bank whose short-term commercial paper rating from S&P is at least A-1 or the equivalent
thereof or from Moody’s is at least P-1 or the equivalent thereof (each an “Approved Bank”), in each case
with maturities of not more than two hundred seventy (270) days from the date of acquisition, (c) commercial paper and variable
or fixed rate notes issued by any Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or guaranteed
by, any domestic corporation rated A-1 (or the equivalent thereof) or better by S&P or P-1 (or the equivalent thereof) or better
by Moody’s and maturing within six months of the date of acquisition, (d) repurchase agreements entered into by any Person
with a bank or trust company (including any of the Lenders) or recognized securities dealer having capital and surplus in excess
of $500,000,000 for direct obligations issued by or fully guaranteed by the United States in which such Person shall have a perfected
first priority security interest (subject to no other Liens) and having, on the date of purchase thereof, a fair market value of
at least 100% of the amount of the repurchase obligations and (e) Investments (classified in accordance with GAAP as current assets)
in money market investment programs registered under the Investment Company Act of 1940, as amended, that are administered by reputable
financial institutions having capital of at least $500,000,000 and the portfolios of which are limited to Investments of the character
described in the foregoing subclauses hereof.

 

“Change in Law”
means the occurrence, after the Closing Date, of any of the following: (a) the adoption or taking effect of any law, rule, regulation
or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application
thereof by any Governmental Authority or (c) the making or issuance of any request, rule, guideline or directive (whether or not
having the force of law) by any Governmental Authority; provided that notwithstanding anything herein to the contrary, (x)
the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued
in connection therewith and (y) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements,
the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities,
in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted,
adopted or issued.

 

“Change of Control”
means the occurrence of any of the following events: (a) any Person or two or more Persons acting in concert shall have acquired
beneficial ownership, directly or indirectly, of, or shall have acquired by contract or otherwise, or shall have entered into a
contract or arrangement that, upon consummation, will result in its or their acquisition of or control over, voting stock of the
Borrower (or other securities convertible into such voting stock) representing thirty-five percent (35%) or more of the combined
voting power of all voting stock of the Borrower, (b) during any period of up to twenty-four (24) consecutive months, commencing
after the Closing Date, individuals who at the beginning of such twenty-four (24) month period were directors of the Borrower (together
with any new director whose election by the Borrower’s Board of Directors or whose nomination for election by the Borrower’s
shareholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the
beginning of such period or whose election or nomination for election was previously so approved) cease for any reason to constitute
a majority of the directors of the

 

    	8

    	 

    

 

Borrower then in office,
(c) the occurrence of a “Change of Control” or any equivalent term or concept under any of the Senior Note Indentures,
(d) the Borrower ceases to be a general partner of Omega LP or ceases to have the sole and exclusive power to exercise all management
and control over Omega LP, (e) any Person other than the Borrower or Omega Holdco becomes a general partner of Omega LP (except
that temporary ownership by Aviv REIT, Inc. or any of its pre-merger subsidiaries of any general partnership interest(s) in Omega
LP will be permitted, provided that after giving effect to the merger, all of such general partnership interest(s) in Omega LP
theretofore held by Aviv REIT, Inc. or its pre-merger subsidiaries are owned by Omega Holdco), or (f) the Borrower ceases to own,
directly or indirectly, sixty percent (60%) or more of the equity interests in Omega LP.  As used herein, “beneficial
ownership” shall have the meaning provided in Rule 13d-3 of the SEC under the Securities Exchange Act of 1934.

 

“Closing Date”
means the date hereof.

 

“Closing
Date Term Loan” has the meaning provided in Section 2.01(d)(i).

 

“Closing Date
Term Loan Commitment” means, with respect to each Closing Date Term Loan Lender, the commitment of such Closing Date
Term Loan Lender to make its portion of the Closing Date Term Loan to the Borrower pursuant to Section 2.01(d)(i), in the
principal amount set forth opposite such Closing Date Term Loan Lender’s name on Schedule 2.01; provided that, at
any time after funding of a Closing Date Term Loan, the determinations “Required Lender” shall also be based on the
outstanding principal amount of the such Closing Date Term Loan.  The aggregate principal amount of the Closing Date
Term Loan Commitments of all of the Closing Date Term Loan Lenders as in effect on the Closing Date is Two-Hundred Million Dollars
($200,000,000).

 

“Closing Date
Term Loan Commitment Percentage” means, at any time, for each Closing Date Term Loan Lender, the percentage of the Closing
Date Term Loan (or aggregate Closing Date Term Loan Commitment, prior to the termination thereof) held by such Closing Date Term
Loan Lender to the aggregate Closing Date Term Loan (or Closing Date Term Loan Commitments) held by all Closing Date Term Loan
Lenders, as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section
10.07.  The Closing Date Term Loan Commitment Percentages as in effect on the First Amendment Effective Date are
set forth on Schedule 2.01.

 

“Closing Date
Term Loan Lenders” means a collective reference to the Lenders holding Closing Date Term Loans.

 

“Closing
Date Term Loan Maturity Date” means June 27, 2019.

 

“Commitment”
means (a) with respect to each Lender, (i) the Revolving Commitment of such Lender, (ii) the Term Loan Commitment of such Lender,
(b) with respect to the L/C Issuer, the L/C Commitment and (c) with respect to the Swing Line Lender, the Swing Line Commitment.

 

“Commitment Increase
Amendment” has the meaning set forth in Section 2.01(f).

 

“Commodity Exchange
Act” means the Commodity Exchange Act (7 U.S.C. § et seq.).

 

    	9

    	 

    

 

“Compliance Certificate”
means a certificate substantially in the form of Exhibit D.

 

“Confidential
Information” has the meaning provided in Section 10.08.

 

“Consolidated
Adjusted EBITDA” means, for any period, for the Consolidated Parties on a consolidated basis, the sum of (a) Consolidated
EBITDA as of such date plus (b) an amount based on the Special Charges Adjustment (without duplication to the extent included
in the determination of Consolidated Interest Expense and added back to net income in the calculation of Consolidated EBITDA).

 

“Consolidated
EBITDA” means, for any period, for the Consolidated Parties on a consolidated basis, the sum of (a) net income of the
Consolidated Parties, in each case, excluding any non-recurring or extraordinary gains and losses, plus (b) an amount which,
in the determination of net income for such period pursuant to clause (a) above, has been deducted for or in connection with
(i) Consolidated Interest Expense (plus, amortization of deferred financing costs, to the extent included in the determination
of Consolidated Interest Expense per GAAP), (ii) income taxes, and (iii) depreciation and amortization plus (c) to the extent
decreasing net income of the Consolidated Parties for such period, all expenses directly attributable to FIN 46 consolidation requirements,
minus (d) to the extent increasing net income of the Consolidated Parties for such period, all revenue directly attributable
to FIN 46 consolidation requirements, plus (e) to the extent decreasing net income of the Consolidated Parties for such
period, all expenses directly related to owned and operated assets, minus (f) to the extent increasing net income of the
Consolidated Parties for such period, all revenues directly related to owned and operated assets, all determined in accordance
with GAAP.

 

“Consolidated
Fixed Charge Coverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDA to
(b) Consolidated Fixed Charges, in each case, for the most recently completed four (4) fiscal quarters.

 

“Consolidated
Fixed Charges” means, for any period, for the Consolidated Parties on a consolidated basis, the sum of (a) Consolidated
Interest Expense (excluding, for purposes hereof and without duplication, Special Charges to the extent included in the calculation
of Consolidated Interest Expense) for such period, plus (b) current scheduled principal payments of Consolidated Funded
Debt for such period (including, for purposes hereof, current scheduled reductions in commitments, but excluding any payment of
principal under the Credit Documents and any “balloon” payment or final payment at maturity that is significantly larger
than the scheduled payments that preceded it) for a period beginning the day after the date of determination and lasting for the
same length of time as the applicable period referenced at the beginning of this definition, plus (c) dividends and distributions
on preferred stock, if any, for such period, in each case, as determined in accordance with GAAP.

 

“Consolidated
Funded Debt” means, as of any date of determination, the sum of (a) all Funded Debt of the Consolidated Parties determined
on a consolidated basis minus (b) to the extent included in the calculation of Funded Debt of the Consolidated Parties,
the aggregate amount of Funded Debt directly attributable to FIN 46 consolidation requirements, all determined in accordance with
GAAP.

 

    	10

    	 

    

 

“Consolidated
Interest Expense” means, for any period, for the Consolidated Parties on a consolidated basis, all interest expense and
letter of credit fee expense, as determined in accordance with GAAP during such period; provided, that interest expenses
shall, in any event, (a) include the interest component under Capital Leases and the implied interest component under Securitization
Transactions and (b) exclude the amortization of any deferred financing fees.

 

“Consolidated
Leverage Ratio” means, as of any date of determination, the ratio of (a) Adjusted Consolidated Funded Debt to
(b) Consolidated Total Asset Value for the most recently completed fiscal quarter.

 

“Consolidated
Parties” means the Borrower and its Consolidated Subsidiaries, as determined in accordance with GAAP.

 

“Consolidated
Secured Funded Debt” means the aggregate principal amount of Funded Debt of the Borrower or any of its Subsidiaries,
on a consolidated basis, that is secured by a Lien, and shall include (without duplication), the ownership share of such secured
Funded Debt of the Borrower’s or its Subsidiaries’ Unconsolidated Affiliates.

 

“Consolidated
Secured Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Secured Funded Debt to
(b) Consolidated Total Asset Value for the most recently completed fiscal quarter.

 

“Consolidated
Subsidiary” means at any date any Subsidiary or other entity the accounts of which would be consolidated with those of
the Borrower in its consolidated financial statements if such statements were prepared as of such date.

 

“Consolidated
Tangible Net Worth” means, for the Consolidated Parties as of any date of determination, (a) stockholders’ equity
on a consolidated basis determined in accordance with GAAP, but with no upward adjustments due to any revaluation of assets, less
(b) all Intangible Assets, plus (c) all accumulated depreciation, all determined in accordance with GAAP; provided, that
the Consolidated Parties will be permitted to exclude (i.e. add back to stockholder’s equity) up to $35,000,000 in potential
future impairment charges incurred during the term of this Credit Agreement (such exclusions to be clearly reflected, however,
in the calculations of Consolidated Tangible Net Worth delivered to the Administrative Agent by the Borrower from time to time
pursuant to the terms of this Credit Agreement).

 

“Consolidated
Total Asset Value” means the sum of all the following of the Consolidated Parties, without duplication: (a) the
quotient of (1) Net Revenue from all Real Property Assets for the fiscal quarter most recently ended (for Real Property Assets
owned for the prior four (4) fiscal quarters), minus the Net Revenue attributable to each Real Property Asset sold or otherwise
disposed of during such most recently ended quarter, minus the Net Revenue from all Real Property Assets acquired during
the prior four (4) fiscal quarter period, multiplied by four, divided by (2) the Capitalization Rate, plus
(b) the acquisition cost of each Real Property Asset acquired during the prior four (4) fiscal quarter period, plus (c)
the GAAP book value of the Borrower’s Investments permitted by Section 7.03, plus (d) cash and cash equivalents,
plus (e)

 

    	11

    	 

    

 

the Consolidated Parties’
pro rata share of the foregoing items and components attributable to interest in Unconsolidated Affiliates.

 

“Consolidated
Unsecured Debt Yield” means, as of any date of determination, the ratio of (a) Unencumbered Net Revenue plus interest
income from unencumbered Qualified Mortgage Loans (provided, however, the aggregate amount of Qualified Mortgage
Loans attributable to second mortgages or second deeds of trust shall not exceed $150,000,000), as of the end of the most recently
completed fiscal quarter multiplied by four (4) to (b) the Consolidated Unsecured Funded Debt for the most recently
completed fiscal quarter.

 

“Consolidated
Unsecured Funded Debt” mean the aggregate principal amount of Funded Debt of the Borrower or any of its Subsidiaries,
on a consolidated basis, that is not Consolidated Secured Funded Debt.

 

“Consolidated
Unsecured Interest Coverage Ratio” means, as of any date of determination, the ratio of (a) Unencumbered Net Revenue
for the most recently completed fiscal quarter to (b) the Consolidated Unsecured Interest Expense for the most recently
completed fiscal quarter.

 

“Consolidated
Unsecured Interest Expense” means, for any period, for the Consolidated Parties on a consolidated basis, all interest
expense and letter of credit fee expense, as determined in accordance with GAAP during such period, attributable to Borrower and
its Subsidiaries’ aggregate Consolidated Unsecured Funded Debt; provided, that interest expenses shall, in any event,
(a) include the interest component under Capital Leases and the implied interest component under Securitization Transactions and
(b) exclude the amortization of any deferred financing fees.

 

“Consolidated
Unsecured Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Unsecured Funded Debt
to (b) Unencumbered Asset Value for the most recently completed fiscal quarter.

 

“Contractual Obligation”
means, as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking
to which such Person is a party or by which it or any of its property is bound.

 

“Control”
means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a
Person, whether through the ability to exercise voting power, by contract or otherwise.  “Controlling” and
“Controlled” have meanings correlative thereto.  Without limiting the generality of the foregoing, a Person
shall be deemed to be Controlled by another Person if such other Person possesses, directly or indirectly, power to vote twenty-five
percent (25%) or more of the securities having ordinary voting power for the election of directors, managing general partners or
the equivalent.

 

“Credit Agreement”
has the meaning given to such term in the introductory paragraph hereof.

 

“Credit Documents”
means this Credit Agreement, the Notes, the Engagement Letter, each Issuer Document, the Subsidiary Guarantor Joinder Agreements,
the Compliance

 

    	12

    	 

    

 

Certificates and any agreement
creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.14.

 

“Credit Party”
means, as of any date, the Borrower or any Guarantor which is a party to the Credit Agreement as of such date; and “Credit
Parties” means a collective reference to each of them.

 

“Daily Floating
Eurodollar Rate Loan” means a Loan that bears interest at a rate based on the Daily Floating Eurodollar Rate.

 

“Daily Floating
Eurodollar Rate” means, for each day, a fluctuating rate of interest equal to Eurodollar Rate applicable on such day
for an Interest Period of one month beginning two (2) Business Days thereafter.  The Daily Floating Eurodollar Rate
shall be determined and adjusted on each Business Day and shall remain in effect until the next Business Day. If the Daily Floating
Eurodollar Rate is not available at such time for any reason, or if the Administrative Agent determines that no adequate basis
exists for determining the Daily Floating Eurodollar Rate, or that the Daily Floating Eurodollar Rate will not adequately and fairly
reflect the cost to Swing Line Lender of funding the Swing Line Loan, or that any applicable Law or regulation or compliance therewith
by Swing Line Lender prohibits or restricts or makes impossible the charging of interest based on the Daily Floating Eurodollar
Rate, then “Daily Floating Eurodollar Rate” shall be an interest rate equal to the Base Rate then in effect.

 

“Debt Rating”
means, as of any date of determination, the rating as determined by S&P, Moody’s and/or Fitch of the Borrower’s
or Omega LP’s non-credit-enhanced, senior unsecured long-term debt.

 

“Debtor Relief
Laws” means the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of
creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States
or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

 

“Default”
means any event, act or condition that, with notice, the passage of time, or both, would constitute an Event of Default.

 

“Default Rate”
means an interest rate equal to (a) the Base Rate plus (b) the Applicable Rate, if any, applicable to Base Rate Loans plus (c)
two percent (2%) per annum; provided, however, that with respect to a Eurodollar Loan, the Default Rate shall be
an interest rate equal to the interest rate (including any Applicable Rate) otherwise applicable to such Loan plus two percent
(2%) per annum, in each case to the fullest extent permitted by applicable Law.

 

“Defaulting Lender”
means, subject to Section 2.15(b), any Lender that, as reasonably determined by the Administrative Agent, (a) has failed
to perform any of its funding obligations hereunder, including in respect of its Loans or participations in respect of Letters
of Credit or Swing Line Loans, within three Business Days of the date required to be funded by it hereunder, unless, in the case
of any Loan, such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such
Lender’s reasonable determination that one or more conditions precedent to funding (each of which conditions precedent, together
with any

 

    	13

    	 

    

 

applicable default, shall
be specifically identified in such writing) has not been satisfied, (b) has notified the Borrower or the Administrative Agent in
writing that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect
to its funding obligations hereunder or under other agreements in which it commits to extend credit (unless such writing or public
statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s
reasonable determination that a condition precedent to funding (which condition precedent, together with any applicable default,
shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business
Days after request by the Administrative Agent, to confirm in a manner satisfactory to the Administrative Agent that it will comply
with its funding obligations (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c)
upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect
parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had a receiver, conservator,
trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its
business or a custodian appointed for it, or (iii) taken any action in furtherance of, or indicated its consent to, approval of
or acquiescence in any such proceeding or appointment; provided, that a Lender shall not be a Defaulting Lender solely by
virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by
a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction
of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender
(or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender.  Any
determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d)
above, and of the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be
deemed to be a Defaulting Lender (subject to Section 2.15(b)) as of the date established therefor by the Administrative
Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Borrower, the L/C
Issuer, the Swing Line Lender and each other Lender promptly following such determination.

 

“Designated Jurisdiction”
means any country or territory to the extent that such country or territory itself is the subject of any Sanction.

 

“Disposition”
or “Dispose” means the sale, transfer, license, lease or other disposition (including any Sale and Leaseback
Transaction) of any property by any Person, including any sale, assignment, transfer or other disposal, with or without recourse,
of any notes or accounts receivable or any rights and claims associated therewith.

 

“Dollar”
or “$” means the lawful currency of the United States.

 

“Eligible Assignee”
means (a) a Lender; (b) an Affiliate of a Lender; (c) an Approved Fund; and (d) any other Person (other than a natural person)
approved by (i) the Administrative Agent (such approval not to be unreasonably withheld or delayed), and (ii) unless an Event of
Default has occurred and is continuing, the Borrower (each such approval not to be unreasonably withheld or delayed); provided,
that notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrower or any of the Borrower’s
Affiliates or Subsidiaries.

 

    	14

    	 

    

 

“Eligible Ground
Lease” means, at any time, a ground lease (a) under which the Borrower or a Subsidiary of the Borrower is the lessee
or holds equivalent rights and is the fee owner of the improvements located thereon, (b) that has a remaining term of not less
than thirty (30) years; provided, however, with respect to that certain ground lease covering properties located
at 200 Alabama Avenue, Muscle Shoals, Alabama, 500 John Aldridge Drive, Tuscumbia, Alabama and 813 Keeler Lane, Tuscumbia, Alabama,
such remaining term may be less than thirty (30) years provided that the Borrower or such Subsidiary of the Borrower at all times
possesses a valid and enforceable irrevocable option to purchase the fee interest in such properties with no conditions or contingencies
other than the payment of a sum of less than $1,000.00, (c) under which any required rental payment, principal or interest
payment or other payment due under such lease from the Borrower or from such Subsidiary of the Borrower to the ground lessor is
not more than sixty (60) days past due and any required rental payment, principal or interest payment or other payment due
to such Borrower or Subsidiary of the Borrower under any sublease of the applicable real property lessor is not more than sixty (60)
days past due, (d) where no party to such lease is subject to a then-continuing Bankruptcy Event, (e) such ground lease (or
a related document executed by the applicable ground lessor) contains customary provisions protective of any lender to the lessee
and (f) where the Borrower’s or such Subsidiary of the Borrower’s interest in the underlying Real Property Asset or
the lease is not subject to (i) any Lien other than Permitted Liens and other encumbrances acceptable to the Administrative Agent
and the Required Lenders, in their discretion, or (ii) any Negative Pledge.

 

“Engagement Letter”
means the letter agreement dated as of April 28, 2014 among the Borrower, the Arranger and the Administrative Agent, as amended
and modified.

 

“Environmental
Laws” means any and all federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments,
orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution
and the protection of the environment or the release of any materials into the environment, including those related to hazardous
substances or wastes, air emissions and discharges to waste or public systems.

 

“Equity Transaction”
means, with respect to any member of the Consolidated Parties, any issuance or sale of shares of its Capital Stock, other than
an issuance (a) to a Consolidated Party, (b) in connection with a conversion of debt securities to equity, (c) in connection with
the exercise by a present or former employee, officer or director under a stock incentive plan, stock option plan or other equity-based
compensation plan or arrangement, or (d) in connection with any acquisition permitted hereunder.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974.

 

“ERISA Affiliate”
means any trade or business (whether or not incorporated) under common control with the Borrower within the meaning of Section 414(b)
or (c) of the Internal Revenue Code (and Sections 414(m) and (o) of the Internal Revenue Code for purposes of provisions relating
to Section 412 of the Internal Revenue Code).

 

“ERISA Event”
means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by the Borrower or any ERISA Affiliate from a Pension
Plan subject to Section 4063

 

    	15

    	 

    

 

of ERISA during a plan year
in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations that is treated
as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate
from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the filing of a notice of intent
to terminate, the treatment of a Plan amendment as a termination under Sections 4041 or 4041A of ERISA, or the commencement
of proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (e) an event or condition that could reasonably be
expected to constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer,
any Pension Plan or Multiemployer Plan; or (f) the imposition of any liability under Title IV of ERISA, other than for PBGC
premiums due but not delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA Affiliate.

 

“Eurodollar Loan”
means a Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate.”

 

“Eurodollar Rate”
means

 

(a)          For
any Interest Period with respect to a Eurodollar Loan, the rate per annum equal to the London Interbank Offered Rate (“LIBOR”)
or a comparable or successor rate, which rate is approved by the Administrative Agent, as published by Bloomberg (or such other
commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) (in
such case, the “LIBOR Rate”) at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement
of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to
such Interest Period; and if the Eurodollar Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement;

 

(b)          For
any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the LIBOR Rate, at approximately
11:00 a.m., London time, determined two (2) Business Days prior to such date for Dollar deposits with a term of one month commencing
that day;

 

provided, that to the extent a comparable
or successor rate is approved by the Administrative Agent in connection herewith, the approved rate shall be applied in a manner
consistent with market practice; and, provided, further, that to the extent such market practice is not administratively
feasible for the Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the
Administrative Agent.

 

“Event of Default”
has the meaning provided in Section 8.01.

 

“Excluded Swap
Obligation” means, with respect to any Guarantor, any Obligation under any Swap Contract if, and to the extent that,
all or a portion of the Guaranty of such Guarantor of, or the grant under a Credit Document by such Guarantor of a security interest
to secure, such Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act (or the application
or official interpretation thereof) by virtue of such Guarantor’s failure for any

 

    	16

    	 

    

 

reason to constitute an “eligible
contract participant” as defined in the Commodity Exchange Act (determined after giving effect to Section 11.07 and any and
all guarantees of such Guarantor’s Obligations under any Swap Contract by other Credit Parties) at the time the Guaranty
of such Guarantor, or grant by such Guarantor of a security interest, becomes effective with respect to such Obligation.  If
an Obligation under any Swap Contract arises under a Master Agreement governing more than one Swap Contract, such exclusion shall
apply to only the portion of such Obligations that is attributable to Swap Contracts for which such Guaranty or security interest
becomes illegal.

 

“Executive Order”
has the meaning provided in the definition of “Prohibited Person” in this Section 1.01.

 

“Existing Credit
Facility” means that certain Credit Agreement, dated as of December 6, 2012, by and among the Borrower, certain Subsidiaries
of the Borrower, the lenders party thereto and Bank of America, N.A. as administrative agent, as amended, restated or otherwise
modified from time to time prior to the date hereof.

 

“Extension of
Credit” means (a) any Borrowing and (b) any L/C Credit Extension.

 

“Extension Request
Date” has the meaning provided in Section 2.16(a).

 

“Facilities”
has the meaning provided in Section 5.07(a).

 

“Facility Fee”
has the meaning in Section 2.09(b).

 

“Facility Lease”
means a lease or master lease with respect to any Real Property Asset owned or ground leased by any of the Consolidated Parties
as lessor, to a third party Tenant, which, in the reasonable judgment of the Administrative Agent, is a triple net lease such that
such Tenant is required to pay all taxes, utilities, insurance, maintenance, casualty insurance payments and other expenses with
respect to the subject Real Property Asset (whether in the form of reimbursements or additional rent) in addition to the base rental
payments required thereunder such that net operating income to the applicable Consolidated Party for such Real Property Asset (before
non-cash items) equals the base rent paid thereunder; provided, that each such lease or master lease shall be in form and
substance reasonably satisfactory to the Administrative Agent.

 

“FASB”
means the Accounting Standards Codification of the Financial Accounting Standards Board.

 

“FATCA”
means Section 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version
that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official
interpretations thereof, any agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code and any applicable
intergovernmental agreements.

 

“Federal Funds
Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions
with members of the Federal Reserve System arranged by federal funds brokers on such day, as published by the Federal Reserve Bank

 

    	17

    	 

    

 

of New York on the Business
Day immediately succeeding such day; provided, that (a) if such day is not a Business Day, the Federal Funds Rate for such
day shall be such rate on such transactions on the immediately preceding Business Day as so published on the immediately succeeding
Business Day, and (b) if no such rate is so published on such immediately succeeding Business Day, the Federal Funds Rate for such
day shall be the average rate (rounded upward, if necessary, to the next 1/100th of 1%) charged to Bank of America on
such day on such transactions as determined by the Administrative Agent.

 

“First Amendment
Effective Date” means April 1, 2015.

 

“Fitch”
means Fitch Ratings, a Subsidiary of Fimalac, S.A., and any successor thereto.

 

“Foreign Lender”
has the meaning provided in Section 10.15(a)(i).

 

“FRB”
means the Board of Governors of the Federal Reserve System of the United States.

 

“Fronting Exposure”
means, at any time there is a Defaulting Lender, (a) with respect to the L/C Issuer, such Defaulting Lender’s Revolving Commitment
Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such Defaulting Lender’s participation
obligation has been reallocated to other Revolving Lenders or Cash Collateralized in accordance with the terms hereof, and (b)
with respect to the Swing Line Lender, such Defaulting Lender’s Revolving Commitment Percentage of Swing Line Loans other
than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving
Lenders or Cash Collateralized in accordance with the terms hereof.

 

“Fund”
means any Person (other than a natural person) engaged in making, purchasing, holding or otherwise investing in commercial loans
and similar extensions of credit in the ordinary course of its business.

 

“Funded Debt”
means, as to any Person (or consolidated group of Persons) at a particular time, without duplication, all of the following, whether
or not included as indebtedness or liabilities in accordance with GAAP:

 

(a)          all
obligations for borrowed money, whether current or long-term (including the Obligations hereunder), and all obligations evidenced
by bonds, debentures, notes, loan agreements or other similar instruments;

 

(b)          all
purchase money indebtedness (including indebtedness and obligations in respect of conditional sales and title retention arrangements,
except for customary conditional sales and title retention arrangements with suppliers that are entered into in the ordinary course
of business) and all indebtedness and obligations in respect of the deferred purchase price of property or services (other than
trade accounts payable incurred in the ordinary course of business and payable on customary trade terms);

 

(c)          all
direct obligations under letters of credit (including standby and commercial), bankers’ acceptances and similar instruments
(including bank guaranties, surety bonds, comfort letters, keep-well agreements and capital maintenance agreements)

 

    	18

    	 

    

 

to the extent such
instruments or agreements support financial, rather than performance, obligations;

 

(d)          the
Attributable Principal Amount of capital leases and Synthetic Leases;

 

(e)          the
Attributable Principal Amount of Securitization Transactions;

 

(f)           all
preferred stock and comparable equity interests providing for mandatory redemption, sinking fund or other like payments;

 

(g)          Support
Obligations in respect of Funded Debt of another Person (other than Persons in such group, if applicable); and

 

(h)          Funded
Debt of any partnership or joint venture or other similar entity in which such Person is a general partner or joint venturer, and,
as such, has personal liability for such obligations, but only to the extent there is recourse to such Person (or, if applicable,
any Person in such consolidated group) for payment thereof.

 

For purposes hereof, the
amount of Funded Debt shall be determined based on the outstanding principal amount in the case of borrowed money indebtedness
under clause (a) and purchase money indebtedness and the deferred purchase obligations under clause (b), based on the
maximum amount available to be drawn in the case of letter of credit obligations and the other obligations under clause (c),
and based on the amount of Funded Debt that is the subject of the Support Obligations in the case of Support Obligations under
clause (g).  For purposes of clarification, “Funded Debt” of Person constituting a consolidated group
shall not include inter-company indebtedness of such Persons, general accounts payable of such Persons which arise in the ordinary
course of business, accrued expenses of such Persons incurred in the ordinary course of business or minority interests in joint
ventures or limited partnerships (except to the extent set forth in clause (h) above).

 

“Funds From Operations”
means, with respect to any period, the Borrower’s net income (or loss), plus depreciation and amortization and after adjustments
for unconsolidated partnerships and joint ventures as hereafter provided.  Notwithstanding contrary treatment under GAAP,
for purposes hereof, (a) “Funds From Operations” shall include, and be adjusted to take into account, the Borrower’s
interests in unconsolidated partnerships and joint ventures, on the same basis as consolidated partnerships and subsidiaries, as
provided in the “white paper” issued in April 2002 by the National Association of Real Estate Investment Trusts,
a copy of which has been provided to the Administrative Agent and the Lenders and (b) net income (or loss) shall not include gains
(or, if applicable, losses) resulting from or in connection with (i) restructuring of indebtedness, (ii) sales of property, (iii)
sales or redemptions of preferred stock, (iv) revenue or expenses related to owned and operated assets, (v) revenue or expense
related to FIN 46 consolidation requirements or (vi) any other Special Charges.

 

“GAAP”
means generally accepted accounting principles in effect in the United States as set forth in the opinions and pronouncements of
the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of
the Financial Accounting Standards Board from time to time applied on a consistent basis, subject to the provisions of Section 1.03.

 

    	19

    	 

    

 

“Governmental
Authority” means any nation or government, any state or other political subdivision thereof, and any agency, authority,
instrumentality, regulatory body, court, administrative tribunal, central bank or other entity exercising executive, legislative,
judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.

 

“Guaranteed Obligations”
has the meaning given to such term in Section 11.01(a).

 

“Guarantors”
means any Subsidiary of the Borrower that guarantees the loans and obligations hereunder pursuant to the Guaranty, in each case
with their successors and permitted assigns.

 

“Guaranty”
means the guaranty of the Obligations by each of the Guarantors pursuant to Article XI hereof.

 

“Hazardous Material”
means any toxic or hazardous substance, including petroleum and its derivatives regulated under the Environmental Laws.

 

“Healthcare Facilities”
means any skilled nursing facilities, mentally retarded and developmentally disabled facilities, rehab hospitals, long term acute
care facilities, intermediate care facilities for the mentally disabled, medical office buildings, domestic assisted living facilities,
independent living facilities or Alzheimer’s care facilities and any ancillary businesses that are incidental to the foregoing.

 

“Incremental Facilities”
has the meaning provided in Section 2.01(e).

 

“Incremental Facility
Commitment” has the meaning provided in Section 2.01(e)(iii).

 

“Incremental Revolving
Increase” has the meaning provided in Section 2.01(e).

 

“Incremental Term
Loan Facility” has the meaning provided in Section 2.01(e).

 

“Indebtedness”
means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness
or liabilities in accordance with GAAP:

 

(a)          all
Funded Debt;

 

(b)          all
contingent obligations under letters of credit (including standby and commercial), bankers’ acceptances and similar instruments
(including bank guaranties, surety bonds, comfort letters, keep-well agreements and capital maintenance agreements) to the extent
such instruments or agreements support financial, rather than performance, obligations;

 

(c)          net
obligations under any Swap Contract;

 

(d)          Support
Obligations in respect of Indebtedness of another Person; and

 

(e)          Indebtedness
of any partnership or joint venture or other similar entity in which such Person is a general partner or joint venturer, and, as
such, has personal

 

    	20

    	 

    

 

liability for such
obligations, but only to the extent there is recourse to such Person for payment thereof.

 

For purposes
hereof, the amount of Indebtedness shall be determined based on Swap Termination Value in the case of net obligations under Swap
Contracts under clause (c) and based on the outstanding principal amount of the Indebtedness that is the subject of the Support
Obligations in the case of Support Obligations under clause (d).

 

“Indemnified Liabilities”
has the meaning provided in Section 10.05.

 

“Indemnitees”
has the meaning provided in Section 10.05.

 

“Intangible Assets”
means all assets consisting of goodwill, patents, trade names, trademarks, copyrights, franchises, experimental expense, organization
expense, unamortized debt discount and expense, deferred assets (other than prepaid insurance and prepaid taxes), the excess of
cost of shares acquired over book value of related assets and such other assets as are properly classified as “intangible
assets” in accordance with GAAP.

 

“Interest Payment
Date” means, (a) as to any Base Rate Loan (including Swing Line Loans), the last Business Day of each March, June, September and
December and the Applicable Maturity Date and, in the case of any Swing Line Loan, any other dates reasonably determined by
the Swing Line Lender, and (b) as to any Eurodollar Loan (other than Swing Line Loans), the last Business Day of each Interest
Period for such Loan, the date of repayment of principal of such Loan, and where the applicable Interest Period exceeds three months,
the date every three months after the beginning of such Interest Period.  If an Interest Payment Date falls on a date
that is not a Business Day, such Interest Payment Date shall be deemed to be the immediately succeeding Business Day.

 

“Interest Period”
means, as to each Eurodollar Loan, the period commencing on the date such Eurodollar Loan is disbursed or converted to or continued
as a Eurodollar Loan and ending on the date one, two, three or six months thereafter, as selected by the Borrower in its Loan Notice;
provided, that:

 

(a)          any
Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the immediately succeeding Business
Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the immediately preceding
Business Day;

 

(b)          any
Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the calendar month at the end of such Interest Period) shall end on the last Business Day of the calendar month at the end
of such Interest Period; and

 

(c)          no
Interest Period shall extend beyond the Applicable Maturity Date.

 

“Internal Revenue
Code” means the Internal Revenue Code of 1986 as amended.

 

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“Investment”
means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase
or other acquisition of Capital Stock of another Person, (b) a loan, advance or capital contribution to, guaranty or assumption
of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including
any partnership or joint venture interest in such other Person, or (c) the purchase or other acquisition (in one transaction or
a series of transactions) of assets of another Person that constitute a business unit.  For purposes of covenant compliance,
the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in
the value of such Investment.

 

“Investment Grade
Rating” means a Debt Rating of BBB-/Baa3 (or equivalent) or higher from any of Moody’s, S&P or Fitch.

 

“Investor Guarantor”
means any of the limited partners (other than the Borrower or any Subsidiary of the Borrower) of Omega LP that are a party to the
Investor Guaranty.

 

“Investor Guaranty”
means a guaranty which may be executed and delivered by one or more Investor Guarantors in accordance with Section 6.19,
in a form approved by Administrative Agent, which approval shall not be unreasonably withheld, delayed or conditioned, as the same
may be amended, supplemented or otherwise modified from time to time.

 

“IRS”
means the United States Internal Revenue Service.

 

“ISP”
means, with respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute
of International Banking Law & Practice, Inc. (or such later version thereof as may be in effect at the time of issuance).

 

“Issuer Documents”
means with respect to any Letter of Credit, the Letter of Credit Application, and any other document, agreement and instrument
entered into by the L/C Issuer and the Borrower (or any Subsidiary) or in favor of the L/C Issuer and relating to such Letter of
Credit.

 

“Laws”
means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances,
codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental
Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed
duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether
or not having the force of law.

 

“L/C Advance”
means, with respect to each Revolving Lender, such Revolving Lender’s funding of its participation in any L/C Borrowing.

 

“L/C Borrowing”
means any extension of credit resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as
a Borrowing of Revolving Loans.

 

“L/C Cash Collateralization
Date” means the day that is thirty (30) days prior to the Revolving Loan Maturity Date then in effect.

 

    	22

    	 

    

 

“L/C Commitment”
means, with respect to the L/C Issuer, the commitment of the L/C Issuer to issue and to honor payment obligations under Letters
of Credit, and, with respect to each Revolving Lender, the commitment of such Revolving Lender to purchase participation interests
in L/C Obligations up to such Revolving Lender’s Revolving Commitment Percentage thereof.

 

“L/C Committed
Amount” has the meaning provided in Section 2.01(b).

 

“L/C Credit Extension”
means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the renewal or increase
of the amount thereof.

 

“L/C Issuer”
means Bank of America in its capacity as issuer of Letters of Credit hereunder, in each case together with its successors in such
capacity.

 

“L/C Issuer Fees”
has the meaning given such term in Section 2.09(d)(ii).

 

“L/C Obligations”
means, at any time, the sum of (a) the maximum amount available to be drawn under Letters of Credit then outstanding, assuming
compliance with all requirements for drawings referenced therein, plus (b) the aggregate amount of all Unreimbursed Amounts,
including L/C Borrowings.  For purposes of computing the amount available to be drawn under any Letter of Credit, the
amount of such Letter of Credit shall be determined in accordance with Section 1.07.  For all purposes of this
Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder
by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the
amount so remaining available to be drawn.

 

“Lender”
means each of the Persons identified as a “Lender” on the signature pages hereto (and, as appropriate, includes the
L/C Issuer and the Swing Line Lender) and each Person who joins as a Lender pursuant to the terms hereof, together with their respective
successors and assigns.

 

“Lender Joinder
Agreement” means a joinder agreement in the form of Exhibit G, executed and delivered in accordance with
the provisions of Section 2.01(e)(vii).

 

“Lending Office”
means, as to any Lender, the office or offices of such Lender set forth in such Lender’s Administrative Questionnaire or
such other office or offices as a Lender may from time to time notify the Borrower and the Administrative Agent.

 

“Letter of Credit”
means each standby (non-commercial) letter of credit issued hereunder.

 

“Letter of Credit
Application” means an application and agreement for the issuance or amendment of a Letter of Credit in the form from
time to time in use by the L/C Issuer.

 

“Letter of Credit
Expiration Date” means the day that is five (5) Business Days prior to the Revolving Loan Maturity Date then in
effect (or, if such day is not a Business Day, the immediately preceding Business Day).

 

“Letter of Credit
Fee” has the meaning given such term in Section 2.09(d)(i).

 

    	23

    	 

    

 

“LIBOR”
has the meaning provided in the definition of “Eurodollar Rate” in this Section 1.01.

 

“LIBOR Rate”
has the meaning provided in the definition of “Eurodollar Rate” in this Section 1.01.

 

“Lien”
means any mortgage, deed of trust, deed to secured debt, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien
(statutory or other), charge, or preference, priority or other security interest or preferential arrangement of any kind or nature
whatsoever (including any conditional sale or other title retention agreement, and any financing lease having substantially the
same economic effect as any of the foregoing).

 

“LP Credit Agreement”
means that certain Credit Agreement, dated as of April 1, 2015, by and among Omega LP, as borrower, certain subsidiaries of Omega
LP, as guarantors, the financial institutions party thereto from time to time, as lenders, and Bank of America, N.A., as administrative
agent, as amended, restated, supplemented or otherwise modified from time to time.  

 

“Loan”
means any Revolving Loan, Closing Date Term Loan, Acquisition Term Loan or Swing Line Loan and the Base Rate Loans, Eurodollar
Loans and Daily Floating Eurodollar Rate Loans comprising such Loans.

 

“Loan Notice”
means a notice of (a) a Borrowing of Loans (including Swing Line Loans), (b) a conversion of Loans from one Type to the other,
or (c) a continuation of Eurodollar Loans, which, if in writing, shall be substantially in the form of Exhibit A or
such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission
system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

 

“London Banking
Day” means any day on which dealings in Dollar deposits are conducted by and between banks in the London interbank eurodollar
market.

 

“Master Agreement”
has the meaning provided in the definition of “Swap Contract” in this Section 1.01.  

 

“Material Adverse
Effect” means a material adverse effect on (a) the condition (financial or otherwise), operations, business, assets,
liabilities or prospects of the Borrower and its Consolidated Subsidiaries taken as a whole, (b) the ability of the Borrower or
the other Credit Parties, taken as a whole, to perform any material obligation under the Credit Documents, or (c) the rights
and remedies of the Administrative Agent and the Lenders under the Credit Documents.

 

“Material Contract”
means, any agreement the breach, nonperformance or cancellation of which could reasonably be expected to have a Material Adverse
Effect.

 

“Material Group”
has the meaning specified in the definition of “Material Subsidiary.”

 

    	24

    	 

    

 

“Material Subsidiary”
means each Subsidiary or any group of Subsidiaries (a) which, as of the most recent fiscal quarter of the Borrower for which financial
statements have been delivered pursuant to Section 6.01, contributed greater than $10,000,000 of Consolidated EBITDA for
the period of four (4) consecutive fiscal quarters then ended or (b) which contributed greater than $50,000,000 of Consolidated
Total Asset Value as of such date.  A group of Subsidiaries (a “Material Group”) each of which is
not otherwise a Material Subsidiary (defined in the foregoing sentence) shall constitute a Material Subsidiary if the group taken
as a single entity satisfies the requirements of the foregoing sentence.

 

“Moody’s”
means Moody’s Investors Service, Inc.  and any successor thereto.

 

“Mortgage Loan”
means any loan owned or held by any of the Consolidated Parties secured by a mortgage or deed of trust on Real Property Assets.

 

“Multiemployer
Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the Borrower
or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five plan years, has made or been obligated
to make contributions.

 

“Negative Pledge”
means any agreement (other than this Credit Agreement or any other Credit Document) that in whole or in part prohibits the
creation of any Lien on any assets of a Person; provided, however, that an agreement that establishes a maximum ratio
of unsecured debt to unencumbered assets, or of secured debt to total assets, or that otherwise conditions a Person’s ability
to encumber its assets upon the maintenance of one or more specified ratios that limit such Person’s ability to encumber
its assets but that do not generally prohibit the encumbrance of its assets, or the encumbrance of specific assets, shall not constitute
a “Negative Pledge” for purposes of this Credit Agreement.

 

“Net Revenue”
shall mean, with respect to any Real Property Asset for the applicable period, the sum of (a) rental payments received in
cash by the applicable Consolidated Party (whether in the nature of base rent, minimum rent, percentage rent, additional rent or
otherwise, but exclusive of security deposits, earnest money deposits, advance rentals, reserves for capital expenditures, charges,
expenses or items required to be paid or reimbursed by the Tenant thereunder and proceeds from a sale or other disposition) pursuant
to the Facility Leases applicable to such Real Property Asset, minus (b) expenses of the applicable Consolidated Party allocated
to such Real Property Asset, minus (c) to the extent increasing Net Revenue of the Consolidated Parties for such period,
all revenue directly attributable to FIN 46 consolidation requirements.

 

“Non-Defaulting
Lender” means, at any time, each Lender that is not a Defaulting Lender at such time.

 

“Notes”
means a collective reference to the Revolving Notes and the Term Notes; and “Note” means any one of them.

 

“Obligations”
means, without duplication, (a) all advances to, and debts, liabilities, obligations, covenants and duties of, any Credit Party
arising under any Credit Document or otherwise with respect to any Loan or Letter of Credit, whether direct or indirect (including
those

 

    	25

    	 

    

 

acquired by assumption),
absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after
the commencement by or against any Credit Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming
such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding,
(b) all obligations under any Swap Contract of any Credit Party to which a Lender or any Affiliate of a Lender is a party and (c)
all obligations of any Credit Party under any treasury management agreement between any Credit Party and any Lender or Affiliate
of a Lender; provided, however, that the “Obligations” of a Credit Party shall exclude any Excluded Swap
Obligations with respect to such Credit Party.

 

“OFAC”
means the U.S. Department of the Treasury’s Office of Foreign Assets Control.

 

“Omega Holdco”
means OHI Healthcare Properties Holdco, Inc., a Delaware corporation, and its successors.

 

“Omega LP”
means OHI Healthcare Properties Limited Partnership, a Delaware limited partnership, and its successors.

 

“Organization
Documents” means, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or
equivalent or comparable constitutive documents with respect to any non-U.S.  jurisdiction); (b) with respect to any
limited liability company, the certificate or articles of formation or organization and operating agreement; and (c) with respect
to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement
of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its
formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization and,
if applicable, any certificate or articles of formation or organization of such entity.

 

“Outstanding Amount”
means (a) with respect to Revolving Loans and Swing Line Loans on any date, the aggregate outstanding principal amount thereof
after giving effect to any Borrowings and prepayments or repayments of Revolving Loans and Swing Line Loans, as the case may be,
occurring on such date, (b) with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date after
giving effect to any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations
as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit or any
reductions in the maximum amount available for drawing under Letters of Credit taking effect on such date and (c) with respect
to Term Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any Borrowings and prepayments
or repayments of Term Loans, as the case may be, occurring on such date,

 

“Participant”
has the meaning provided in Section 10.07(d).

 

“Patriot Act”
means the USA Patriot Act, Pub. L. No. 107-56 et seq.

 

“PBGC”
means the Pension Benefit Guaranty Corporation.

 

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“Pension Plan”
means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA), other than a Multiemployer
Plan, that is subject to Title IV of ERISA and is sponsored or maintained by the Borrower or any ERISA Affiliate or to which
the Borrower or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or other
plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding five plan
years.

 

“Permitted Liens”
means, at any time, Liens in respect of the Borrower or any of its Subsidiaries permitted to exist at such time pursuant to the
terms of Section 7.01.

 

“Person”
means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental
Authority or other entity.

 

“Plan”
means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) established by the Borrower
or, with respect to any such plan that is subject to Section 412 of the Internal Revenue Code or Title IV of ERISA, any
ERISA Affiliate.

 

“Platform”
has the meaning provided in Section 6.02.

 

“Pro Forma Basis”
shall mean, for purposes of determining the calculation of and compliance with the financial covenants set forth in Section
6.12(a), (b), (c), (d), (f) and (g) hereunder, that the subject transaction shall be deemed to have occurred
as of the first day of the period of four (4) consecutive fiscal quarters ending as of the end of the most recent fiscal quarter
for which annual or quarterly financial statements shall have been delivered in accordance with the provisions of this Credit Agreement.  Further,
for purposes of making calculations on a “Pro Forma Basis” hereunder, (a) in the case of a Disposition, (i) income
statement items (whether positive or negative) attributable to the property, entities or business units that are the subject of
such Disposition shall be excluded to the extent relating to any period prior to the date of the subject transaction, and (ii)
Indebtedness paid or retired in connection with the subject transaction shall be deemed to have been paid and retired as of the
first day of the applicable period; (b) in the case of an Acquisition, (i) income statement items (whether positive or negative)
attributable to the property, entities or business units that are the subject of such Acquisition shall be included to the extent
relating to any period prior to the date of the subject transaction, and (ii) Indebtedness incurred in connection with the subject
transaction shall be deemed to have been incurred as of the first day of the applicable period (and interest expense shall be imputed
for the applicable period utilizing the actual interest rates thereunder or, if actual rates are not ascertainable, assuming prevailing
interest rates hereunder) and (c) in the case of an Equity Transaction, Indebtedness paid or retired in connection therewith shall
be deemed to have been paid and retired as of the first day of the applicable period.

 

“Prohibited Person”
means any Person (i) listed in the annex to, or who is otherwise subject to the provisions of, Executive Order No. 13224 on Terrorist
Financing, effective September 24, 2001, and relating to Blocking Property and Prohibiting Transactions With Persons Who Commit,
Threaten to Commit, or Support Terrorism (the “Executive Order”); (ii) that is owned or controlled by,
or acting for or on behalf of, any person or entity that is listed in the annex to, or is otherwise subject to the provisions,
of the Executive Order; (iii) with whom a Person is prohibited from dealing or otherwise engaging in any transaction by any terrorism
or

 

    	27

    	 

    

 

money laundering Law, including
the Executive Order; (iv) who commits, threatens or conspires to commit or supports “terrorism” as defined in the Executive
Order; (v) that is named as a “specially designated national and blocked person” on the most current list published
by the U.S. Treasury Department Office of Foreign Assets Control at its official website or at any replacement website or other
replacement official publication of such list; or who is an Affiliate of a Person listed in clauses (i) - (v) above.

 

“Property”
means all property owned or leased by a Credit Party or any of its Subsidiaries, both real and personal.

 

“Qualified ECP
Guarantor” means, at any time, each Credit Party with total assets exceeding $10,000,000 or that qualifies at such time
as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an
“eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

 

“Qualified Mortgage
Loan” means any Mortgage Loan that is secured by a first or second mortgage or a first or second deed of trust on Real
Property Assets so long as the mortgagor or grantor with respect to such Mortgage Loan is not delinquent sixty (60) days or more
in interest or principal payments due thereunder.

 

“Qualified REIT
Subsidiary” means the meaning given to such term in the Internal Revenue Code.

 

“Real Property
Asset” means, a parcel of real property, together with all improvements (if any) thereon, owned in fee simple or leased
pursuant to an Eligible Ground Lease by any Person; “Real Property Assets” means a collective reference to each
Real Property Asset.

 

“Register”
has the meaning provided in Section 10.07(c).

 

“Registered Public
Accounting Firm” has the meaning provided in the Securities Laws and shall be independent of the Borrower as prescribed
by the Securities Laws.

 

“Regulation U”
means Regulation U of the FRB, as in effect from time to time.

 

“Regulation X”
means Regulation X of the FRB, as in effect from time to time.

 

“REIT”
means a real estate investment trust as defined in Sections 856-860 of the Internal Revenue Code.

 

“Related Parties”
means, with respect to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents and
advisors of such Person and of such Person’s Affiliates.

 

“Reportable Event”
means any of the events set forth in Section 4043(c) of ERISA, other than events for which the thirty-day notice period has
been waived.

 

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“Request for Extension
of Credit” means (a) with respect to a Borrowing of Loans (including Swing Line Loans) or the conversion or continuation
of Loans, a Loan Notice and (b) with respect to an L/C Credit Extension, a Letter of Credit Application.

 

“Required Lenders”
means, as of any date of determination, two or more Lenders (except to the extent only one Lender exists as of such date) having
at least 50% of (a) the sum of the outstanding principal amount of the Term Loans and the aggregate Commitments or (b) if the aggregate
Commitments and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Article VIII,
Lenders holding in the aggregate at least 50% of the sum of the outstanding principal amount of the Term Loans and the Revolving
Obligations (including, in each case, the aggregate amount of each Revolving Lender’s risk participation and funded participation
in L/C Obligations and Swing Line Loans); provided, that (i) the unfunded Commitments of any Defaulting Lender and (ii)
the portion of the Revolving Obligations held or deemed held by, any Defaulting Lender shall be excluded for purposes of making
a determination of Required Lenders.

 

“Required Revolving
Lenders” means, as of any date of determination, Revolving Lenders having at least 50% of (a) the Aggregate Revolving
Commitments or (b) if the Revolving Commitments and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated
pursuant to Article VIII, Revolving Lenders holding in the aggregate at least 50% of the Revolving Obligations (including,
in each case, the aggregate amount of each Revolving Lender’s risk participation and funded participation in L/C Obligations
and Swing Line Loans); provided, that the unfunded Revolving Commitments of, and the portion of the Revolving Obligations
held or deemed held by, any Defaulting Lender that is a Revolving Lender shall be excluded for purposes of making a determination
of Required Revolving Lenders.

 

“Responsible Officer”
means the chief executive officer, president, chief operating officer and chief financial officer of any Credit Party and solely
for the purposes of notices given pursuant to Article II, any other officer of the applicable Credit Party so designated by any
of the foregoing officers in a notice to the Administrative Agent.  Any document delivered hereunder that is signed by
a Responsible Officer of a Credit Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership
and/or other action on the part of such Credit Party and such Responsible Officer shall be conclusively presumed to have acted
on behalf of such Credit Party.

 

“Revolving Commitment”
means, with respect to each Revolving Lender, the commitment of such Revolving Lender to make Revolving Loans and to share in the
Revolving Obligations hereunder up to such Revolving Lender’s Revolving Commitment Percentage thereof.  The aggregate
principal amount of the Revolving Commitments of all of the Revolving Lenders as in effect on the First Amendment Effective Date
is One Billion Two Hundred Fifty Million Dollars ($1,250,000,000).

 

“Revolving Commitment
Percentage” means, at any time for each Revolving Lender, a fraction (expressed as a percentage carried to the ninth
decimal place), the numerator of which is such Revolving Lender’s Revolving Committed Amount and the denominator of which
is the

 

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Aggregate Revolving Committed
Amount.  The initial Revolving Commitment Percentages are set forth on Schedule 2.01.

 

“Revolving Commitment
Period” means the period from and including the Closing Date to the earlier of (a) in the case of Revolving Loans and
Swing Line Loans, the Revolving Loan Maturity Date, and, in the case of the Letters of Credit, the Letter of Credit Expiration
Date, or (b) the date on which the Revolving Commitments shall have been terminated as provided herein.

 

“Revolving Committed
Amount” means, with respect to each Revolving Lender, the amount of such Revolving Lender’s Revolving Commitment.  The
initial Revolving Committed Amounts are set forth on Schedule 2.01.

 

“Revolving Lenders”
means a collective reference to the Lenders holding Revolving Loans or Revolving Commitments.

 

“Revolving Loans”
has the meaning provided in Section 2.01.

 

“Revolving Note”
means the promissory notes in the form of Exhibit B, if any, given to each Revolving Lender to evidence the Revolving
Loans and Swing Line Loans of such Revolving Lender, as amended, restated, modified, supplemented, extended, renewed or replaced.

 

“Revolving Obligations”
means the Revolving Loans, the L/C Obligations and the Swing Line Loans.

 

“Revolving Loan
Maturity Date” means the later to occur of (a) June 27, 2018 and (b) if maturity is extended pursuant to Section 2.16,
such extended maturity date as determined pursuant to such section; provided however, that, in each such case, if such date is
not a Business Day, the Maturity Dates shall be the preceding Business Day.

 

“S&P”
means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. and any successor thereto.

 

“Sale and Leaseback
Transaction” means, with respect to the Borrower or any Subsidiary, any arrangement, directly or indirectly, with any
person whereby the Borrower or such Subsidiary shall sell or transfer any property, real or personal, used or useful in its business,
whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for
substantially the same purpose or purposes as the property being sold or transferred.

 

“Sanction(s)”
means any international economic sanction or trade embargo administered or enforced by OFAC, the United Nations Security Council,
the European Union, Her Majesty’s Treasury or other relevant sanctions authority.

 

“Sanctioned Person”
means (a) a Person named on the list of “Specially Designated Nationals and Blocked Persons” maintained by OFAC available
at http://www.treasury.gov/resource-center/sanctions/SDN-List/Pages/default.aspx, or as otherwise

 

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published from time to time,
(b) (i) an agency of the government of a Designated Jurisdiction, (ii) an organization controlled by a Designated Jurisdiction,
or (iii) a Person resident in a Designated Jurisdiction, to the extent subject to a sanctions program administered by OFAC or (c)
any Person or Persons owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b).

 

“Sarbanes-Oxley”
means the Sarbanes-Oxley Act of 2002.

 

“SEC”
means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions.

 

“Securities Laws”
means the Securities Act of 1933, the Securities Exchange Act of 1934, Sarbanes-Oxley and the applicable accounting and auditing
principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the Public Company Accounting Oversight
Board, as each of the foregoing may be amended and in effect on any applicable date hereunder.

 

“Securitization
Transaction” means any financing or factoring or similar transaction (or series of such transactions) entered by any
member of the Consolidated Parties pursuant to which such member of the Consolidated Parties may sell, convey or otherwise transfer,
or grant a security interest in, accounts, payments, receivables, rights to future lease payments or residuals or similar rights
to payment to a special purpose subsidiary or affiliate or any other Person.

 

“Senior Notes”
means collectively, the Senior Notes (2022), the Senior Notes (2024A), the Senior Notes (2024B), the Senior Notes (2025) and the
Senior Notes (2027).

 

“Senior Notes
(2022)” means any one of the 6.75% Senior Notes due 2022 issued by the Borrower in favor of the Senior Noteholders
pursuant to the Senior Note Indenture (2022), as such Senior Notes may be amended, restated, supplemented, replaced or otherwise
modified from time to time.

 

“Senior Notes
(2024A)” means any one of the 5.875% Senior Notes due 2024 issued by the Borrower in favor of the Senior Noteholders
pursuant to the Senior Note Indenture (2024A), as such Senior Notes may be amended, restated, supplemented, replaced or otherwise
modified from time to time.

 

“Senior Notes
(2024B)” means any one of the 4.950% Senior Notes due 2024 issued by the Borrower in favor of the Senior Noteholders
pursuant to the Senior Note Indenture (2024B), as such Senior Notes may be amended, restated, supplemented, replaced or otherwise
modified from time to time.

 

“Senior Notes
(2025)” means any one of the 4.50% Senior Notes due 2025 issued by the Borrower in favor of the Senior Noteholders
pursuant to the Senior Note Indenture (2025), as such Senior Notes may be amended, restated, supplemented, replaced or otherwise
modified from time to time.

 

“Senior Notes
(2027)” means any one of the 4.50% Senior Notes due 2027 issued by the Borrower in favor of the Senior Noteholders
pursuant to the Senior Note Indenture (2027), as

 

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such Senior Notes may be
amended, restated, supplemented, replaced or otherwise modified from time to time.

 

“Senior Note Indentures”
means collectively, the Senior Note Indenture (2022), the Senior Note Indenture (2024A), the Senior Note Indenture (2024B), the
Senior Note Indenture (2025) and the Senior Note Indenture (2027).  

 

“Senior Note Indenture
(2022)” means the Indenture, dated as of October 4, 2010 by and among the Borrower and the Senior Noteholders, as the
same may be amended, restated, supplemented, replaced or otherwise modified from time to time.

 

“Senior Note Indenture
(2024A)” means the Indenture, dated as of March 19, 2012 by and among the Borrower and the Senior Noteholders, as the
same may be amended, restated, supplemented, replaced or otherwise modified from time to time.

 

“Senior Note Indenture
(2024B)” means the Indenture, dated as of March 11, 2014 by and among the Borrower and the Senior Noteholders, as the
same may be amended, restated, supplemented, replaced or otherwise modified from time to time.

 

“Senior Note Indenture
(2025)” means the Indenture, dated as of September 11, 2014 by and among the Borrower and the Senior Noteholders, as
the same may be amended, restated, supplemented, replaced or otherwise modified from time to time.

 

“Senior Note Indenture
(2027)” means the Indenture, dated as of March 18, 2015 by and among the Borrower and the Senior Noteholders, as the
same may be amended, restated, supplemented, replaced or otherwise modified from time to time.

 

“Senior Noteholder”
means any one of the holders from time to time of the Senior Notes.

 

“Significant Acquisition”
means any acquisition or investment (in one or a series of related transactions) with an aggregate consideration in excess of $200,000,000.

 

“Solvent”
means, with respect to any person on a particular date, that on such date (a) the fair value of the property of such Person is
greater than the total amount of liabilities, including, without limitation, contingent liabilities, of such Person, (b) the present
fair saleable value of the assets of such Person is not less than the amount that will be required to pay the probable liability
of such Person on its debts as they become absolute and matured, (c) such Person is able to realize upon its assets and pay its
debts and other liabilities, contingent obligations and other commitments as they mature, (d) such Person does not intend to, and
does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay as such debts and liabilities
mature, and (e) such Person is not engaged in a business or a transaction, and is not about to engage in a business or a transaction,
for which such Person’s property would constitute unreasonably small capital after giving due consideration to the prevailing
practice in the industry in which such Person is engaged.  In computing the amount of contingent liabilities at any time,
it is intended that such liabilities will be computed at the amount which, in light of all the facts and circumstances existing
at such time, represents the amount that can reasonably be expected to become an actual or matured liability.

 

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“Special Charges”
means, for any period, for the Consolidated Parties on a consolidated basis, all charges, costs or expenses of the Consolidated
Parties related to any of the following:

 

(a)          cash
litigation charges incurred by the Consolidated Parties; provided, that such amount shall not exceed an aggregate amount
of $10,000,000 during the term of this Credit Agreement and any such amounts in excess of $10,000,000 shall not be included in
the determination of the Special Charges Adjustment for any period;

 

(b)          non-cash
charges associated solely with respect to the write-down of the value of accounts due to straight-line rent;

 

(c)          other
than as set forth in clause (b) immediately above, additional non-cash charges associated with the write-down of the value of accounts
and/or notes receivable of the Consolidated Parties; provided, that such amount shall not exceed an aggregate amount of
$35,000,000 during the term of this Credit Agreement and any such amounts in excess of $35,000,000 shall not be included in the
determination of the Special Charges Adjustment for any period;

 

(d)          non-cash
charges related to preferred stock redemptions and non-cash compensation expenses relating to restricted stock awards, stock options
or similar equity based compensation awards;

 

(e)          non-cash
charges incurred by the Consolidated Parties in association with the write-down of the value of any real properties;

 

(f)           to
the extent applicable, the satisfaction of outstanding unamortized loan fees with respect to the Existing Credit Facility;

 

(g)          any
other non-cash charges associated with the sale or settlement by any Consolidated Party of any Swap Contract; and

 

(h)          charges
related to acquisition deal related costs.

 

“Special Charges
Adjustment” means, for any period, the amount which has been deducted for or in connection with any Special Charges (without
duplication among such items or items taken into account for previous period) in the determination of net income for the applicable
period for which a given Consolidated EBITDA calculation has been performed.

 

“Specified Loan
Party” has the meaning provided in Section 11.07.

 

“Subsidiary”
of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority
of the shares of securities or other interests having ordinary voting power for the election of directors or other governing body
(other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially
owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both,
by such Person.  Unless otherwise provided, “Subsidiary” shall refer to a Subsidiary of the Borrower.

 

    	33

    	 

    

 

“Subsidiary Guarantor”
means (a) Omega LP, (b) Omega Holdco, (c) each Subsidiary of the Borrower as of the Closing Date other than the Unrestricted Subsidiaries,
and (d) each Subsidiary of the Borrower subsequently created or acquired which becomes a Subsidiary Guarantor pursuant to Section
6.15(a) hereof.

 

“Subsidiary Guarantor
Joinder Agreement” means a joinder agreement in the form of Exhibit F to be executed by each new Subsidiary
of the Borrower that is required to become a Subsidiary Guarantor in accordance with Section 6.15(a) hereof.

 

“Support Obligations”
means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect
of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”)
in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase
or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease
property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of
the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other
financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor
to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee
in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss
in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation
of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person.  The amount of any
Support Obligations shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation,
or portion thereof, in respect of which such Support Obligation is made or, if not stated or determinable, the maximum reasonably
anticipated liability in respect thereof as determined by the guaranteeing Person in good faith.

 

“Swap Contract”
means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity
swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign
exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate
swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any
master agreement, and (b) any and all transactions of any kind, and the related confirmations, that are subject to the terms
and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association,
Inc., any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with
any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master
Agreement.

 

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“Swap Termination
Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable
netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out
and termination values determined in accordance therewith, such termination values, and (b) for any date prior to the date referenced
in clause (a), the amounts determined as the mark-to-market values for such Swap Contracts, as determined based upon one or
more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include
a Lender or any Affiliate of a Lender).

 

“Swing Line Borrowing”
means a borrowing of a Swing Line Loan pursuant to Section 2.01(c).

 

“Swing Line Commitment”
means, with respect to the Swing Line Lender, the commitment of the Swing Line Lender to make Swing Line Loans, and with respect
to each Revolving Lender, the commitment of such Revolving Lender to purchase participation interests in Swing Line Loans.

 

“Swing Line Committed
Amount” has the meaning provided in Section 2.01(c).

 

“Swing Line Lender”
means Bank of America in its capacity as such, together with any successor in such capacity.

 

“Swing Line Loans”
has the meaning provided in Section 2.01(c).

 

“Synthetic Lease”
means any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet financing arrangement
that is considered borrowed money indebtedness for tax purposes but is classified as an operating lease under GAAP.

 

“Tenant”
means any Person who is a lessee with respect to any lease held by a Consolidated Party as lessor or as an assignee of the lessor
thereunder.

 

“Term Loan Commitment”
means, with respect to each Term Loan Lender, the commitment of such Term Loan Lender to make its portion of the Term Loan to the
Borrower pursuant to Section 2.01(d), in the principal amount set forth opposite such Term Loan Lender’s name on Schedule
2.01; provided that, at any time after funding of a Term Loan, the determinations “Required Lender” shall also
be based on the outstanding principal amount of the such Term Loan.  

 

“Term Loan Commitment
Percentage” means, at any time, for each Term Loan Lender, the percentage of the aggregate Term Loan (or aggregate Term
Loan Commitment, prior to the termination thereof) held by such Term Loan Lender to the aggregate Term Loan (or aggregate Term
Loan Commitments) held by all Term Loan Lenders, as such percentage may be modified in connection with any assignment made in accordance
with the provisions of Section 10.07.  

 

“Term Loan”
means, collectively, the Closing Date Term Loan and the Acquisition Term Loan.

 

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“Term Loan Lenders”
means a collective reference to the Lenders holding Closing Date Term Loans or Acquisition Term Loans.

 

“Term Note”
means the promissory note in the form of Exhibit C, if any, given to each Term Loan Lender to evidence the Term Loan of
such Term Loan Lender, as amended, restated, modified, supplemented, extended, renewed or replaced.

 

“Threshold Amount”
means $25,000,000.

 

“Type”
means, with respect to any Revolving Loan or Term Loan, its character as a Base Rate Loan or a Eurodollar Loan.

 

“UCP”
means, with respect to any Letter of Credit, the “Uniform Customs and Practice for Documentary Credits”.  

 

“Unconsolidated
Affiliates” means an Affiliate of the Borrower whose financial statements are not required to be consolidated with the
financial statements of the Borrower in accordance with GAAP.

 

“Unencumbered
Asset Value” means the sum of the following, without duplication: (a) the quotient of (1) Unencumbered Net Revenue
for the prior fiscal quarter (for Real Property Assets owned for the prior four (4) fiscal quarters), minus the Unencumbered
Net Revenue attributable to each Unencumbered Property sold or otherwise disposed of during such most recently ended quarter, minus
the Unencumbered Net Revenue from any Unencumbered Property acquired during the prior four (4) fiscal quarter period, multiplied
by four, divided by (2) the Capitalization Rate plus (b) the acquisition cost of each Unencumbered Property acquired during the
prior four (4) fiscal quarter period plus (c) the book value of unencumbered Qualified Mortgage Loans; provided, that when
calculating the Unencumbered Asset Value, (i) the aggregate occupancy of all Unencumbered Properties contributing to the Unencumbered
Asset Value, reported as of the last day of the most recently ended fiscal quarter period of the Borrower, shall be at least 78%
of in-service beds and (ii) the aggregate amount of Qualified Mortgage Loans attributable to second mortgages or second deeds of
trust added pursuant to clause (c) of this definition shall not exceed $250,000,000.

 

“Unencumbered
Net Revenue” means, for any period, Net Revenue from all Unencumbered Properties.

 

“Unencumbered
Property” means, for any Real Property Asset, the following criteria:

 

(a)          to
the best of Borrower’s knowledge, does not have any title, survey, environmental, condemnation or condemnation proceedings,
or other defects that would give rise to a materially adverse effect as to the value, use of or ability to sell or finance such
property;

 

(b)          is
not subject to a Negative Pledge or encumbered by a mortgage, deed of trust, lien, pledge, encumbrance or other security interest,
in each case, to secure Funded Debt, other than the Braswell Indebtedness;

 

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(c)          100%
owned in fee simple absolute or with a leasehold interest or similar arrangement providing the right to occupy Real Property Asset
pursuant to an Eligible Ground Lease, in either case, by the Borrower or a direct or indirect Subsidiary of the Borrower;

 

(d)          shall
be located in the United States;

 

(e)          is
occupied or available for occupancy (subject to final tenant improvements);

 

(f)           is
leased to a third party Tenant and operated by a third party operator;

 

(g)          the
Tenant at such facility is not delinquent sixty (60) days or more in rent payments.

 

“Unencumbered
Property Certificate” means a certificate signed by a Responsible Officer of the Borrower in a form to be agreed upon
between the Administrative Agent and the Borrower in their reasonable discretion.

 

“Unfunded Pension
Liability” means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over
the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension
Plan pursuant to Section 412 of the Internal Revenue Code for the applicable plan year.

 

“United States”
or “U.S.” means the United States of America.

 

“Unreimbursed
Amount” has the meaning provided in Section 2.03(c)(i).

 

“Unrestricted
Subsidiaries” means the “Unrestricted Subsidiaries” as such term is defined from time to time in the Senior
Note Indentures; provided, that to the extent the Senior Note Indentures are, for any reason, all terminated, the term “Unrestricted
Subsidiaries” shall, for the remainder of the term of this Agreement, have the meaning assigned to such term in the Senior
Note Indentures immediately prior to the termination thereof.

 

“Wholly Owned”
means, with respect to any direct or indirect Subsidiary of any Person, that 100% of the Capital Stock with ordinary voting power
issued by such Subsidiary (other than directors’ qualifying shares and investments by foreign nationals mandated by applicable
Law) is beneficially owned, directly or indirectly, by such Person.

 

1.02        Interpretive
Provisions.

 

With reference to this
Credit Agreement and each other Credit Document, unless otherwise provided herein or in such other Credit Document:

 

(a)          The
meanings of defined terms are equally applicable to the singular and plural forms of the defined terms.

 

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(b)           (i)          The
words “herein,” “hereto,” “hereof” and “hereunder” and words of similar import
when used in any Credit Document shall refer to such Credit Document as a whole and not to any particular provision thereof.

 

(ii)         Unless
otherwise provided or required by context, Article, Section, Exhibit and Schedule references are to the Credit Document
in which such reference appears.

 

(iii)        The
term “including” is by way of example and not limitation.

 

(iv)        The
term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports, financial
statements and other writings, however evidenced, whether in physical or electronic form.

 

(c)          In
the computation of periods of time from a specified date to a later specified date, the word “from” means “from
and including”; the words “to” and “until” each mean “to but excluding”; and the word
“through” means “to and including.”

 

(d)          Section headings
herein and in the other Credit Documents are included for convenience of reference only and shall not affect the interpretation
of this Credit Agreement or any other Credit Document.

 

1.03        Accounting
Terms.

 

(a)          All
accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including
financial ratios and other financial calculations) required to be submitted pursuant to this Credit Agreement shall be prepared
in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that
used in preparing the Audited Financial Statements except as otherwise specifically prescribed herein.

 

(b)          The
Borrower will provide a written summary of material changes in GAAP or in the consistent application thereof with each annual and
quarterly Compliance Certificate delivered in accordance with Section 6.02(a).  If at any time any change
in GAAP or in the consistent application thereof would affect the computation of any financial ratio or requirement set forth in
any Credit Document, and either the Borrower or the Required Lenders shall object in writing to determining compliance based on
such change, then such computations shall continue to be made on a basis consistent with the most recent financial statements delivered
pursuant to Section 6.01(a) or (b) as to which no such objection has been made.

 

(c)          Determinations
of the calculation of and compliance with the financial covenants set forth in Section 6.12(d), (f) and (g)
hereunder shall be made on a Pro Forma Basis.

 

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1.04        Rounding.

 

Any financial ratios required
to be maintained by the Borrower pursuant to this Credit Agreement shall be calculated by dividing the appropriate component by
the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and
rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

 

1.05        References
to Agreements and Laws.

 

Unless otherwise expressly
provided herein, (a) references to Organization Documents, agreements (including the Credit Documents) and other contractual instruments
shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but
only to the extent that such amendments, restatements, extensions, supplements and other modifications are not prohibited by any
Credit Document; and (b) references to any Law shall include all statutory and regulatory provisions consolidating, amending,
replacing, supplementing or interpreting such Law.

 

1.06        Times
of Day; Rates.

 

Unless otherwise provided,
all references herein to times of day shall be references to Eastern time (daylight or standard, as applicable).

 

The Administrative Agent
does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration,
submission or any other matter related to the rates in the definition of “Eurodollar Rate” or with respect to any comparable
or successor rate thereto.

 

1.07        Letter
of Credit Amounts.

 

Unless otherwise specified
herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect
at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any
Issuer Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such
Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases,
whether or not such maximum stated amount is in effect at such time.

 

Article
II

COMMITMENTS AND EXTENSION OF CREDITS

 

2.01        Commitments.

 

Subject to the terms and
conditions set forth herein:

 

(a)           Revolving
Loans.  During the Revolving Commitment Period, each Revolving Lender severally agrees to make revolving credit loans
(the “Revolving Loans”) to the Borrower in Dollars on any Business Day; provided, that after giving effect
to any such Revolving Loan, (i) with regard to the Revolving Lenders collectively, the aggregate outstanding principal amount of
Revolving Obligations shall not exceed

 

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ONE BILLION
TWO HUNDRED FIFTY MILLION DOLLARS ($1,250,000,000), (as increased or decreased from time to time pursuant to this Credit Agreement,
the “Aggregate Revolving Committed Amount”) and (ii) with regard to each Revolving Lender individually, such
Revolving Lender’s Revolving Commitment Percentage of Revolving Obligations shall not exceed its respective Revolving Committed
Amount.  Revolving Loans may consist of Base Rate Loans, Eurodollar Loans, or a combination thereof, as provided herein,
and may be repaid and reborrowed in accordance with the provisions hereof.

 

(b)           Letters
of Credit.  During the Revolving Commitment Period, (i) the L/C Issuer, in reliance upon the commitments of the Revolving
Lenders set forth herein, agrees (A) to issue Letters of Credit for the account of Borrower on any Business Day, (B) to
amend or extend Letters of Credit previously issued hereunder, and (C) to honor drafts under Letters of Credit; and (ii) the Revolving
Lenders severally agree to purchase from the L/C Issuer a participation interest in the Letters of Credit issued hereunder in an
amount equal to such Revolving Lender’s Revolving Commitment Percentage thereof; provided, that (A) the aggregate
principal amount of L/C Obligations shall not exceed an amount equal to TWENTY-FIVE MILLION DOLLARS ($25,000,000)
(as such amount may be adjusted in accordance with the provisions hereof, the “L/C Committed Amount”), (B) with
regard to the Revolving Lenders collectively, the aggregate principal amount of Revolving Obligations shall not exceed the Aggregate
Revolving Committed Amount and (C) with regard to each Revolving Lender individually, such Revolving Lender’s Revolving Commitment
Percentage of Revolving Obligations shall not exceed its respective Revolving Committed Amount.  Subject to the terms
and conditions hereof, the Borrower’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Borrower
may obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed.

 

(c)           Swing
Line Loans.  During the Revolving Commitment Period, the Swing Line Lender may, in its discretion and in reliance
upon the agreements of the other Lenders set forth in this Section 2.01(c) and Section 2.04, make revolving credit
loans (the “Swing Line Loans”) to the Borrower on any Business Day; provided, that (i) the aggregate
principal amount of Swing Line Loans shall not exceed an amount equal to ONE HUNDRED MILLION DOLLARS ($100,000,000)
(as such amount may be adjusted in accordance with the provisions hereof, the “Swing Line Committed Amount”),
(ii) with respect to the Revolving Lenders collectively, the aggregate principal amount of Revolving Obligations shall not exceed
the Aggregate Revolving Committed Amount and (iii) the Borrower shall not use the proceeds of any Swing Line Loan to refinance
any outstanding Swing Line Loan.  Swing Line Loans shall be Daily Floating Eurodollar Rate Loans, and may be repaid and
reborrowed in accordance with the provisions hereof.  Immediately upon the making of a Swing Line Loan, each Revolving
Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a participation
interest in such Swing Line Loan in an amount equal to the product of such Revolving Lender’s Revolving Commitment Percentage
thereof.  No Swing Line Loan shall remain outstanding for longer than five (5) Business Days.  Notwithstanding
anything herein to the contrary, the Swing Line Lender shall not be under any obligation to make any Swing Line Loan if any Revolving

 

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Lender is at that
time a Defaulting Lender, unless the Swing Line Lender has entered into arrangements, including the delivery of Cash Collateral,
satisfactory to the Swing Line Lender (in its sole discretion) with the Borrower or such Defaulting Lender to eliminate the Swing
Line Lender’s actual or potential Fronting Exposure (after giving effect to Section 2.15(a)(iv)) with respect
to the Defaulting Lender arising from either the Swing Line Loan then proposed to be made or all Swing Line Loans as to which the
Swing Line Lender has actual or potential Fronting Exposure, as it may elect in its sole discretion.  The Swing Line
Lender shall promptly notify the Borrower if it has suspended the availability of Swing Line Loans.

 

(d)           Term
Loans.  

 

(i)           Each
Closing Date Term Loan Lender severally agrees to make term loans (each a “Closing Date Term Loan”) to the Borrower
in Dollars on the Closing Date; provided, that after giving effect to any such Closing Date Term Loan, (i) with regard to
the Closing Date Term Loan Lenders collectively, the aggregate outstanding principal amount of Closing Date Term Loans shall not
exceed TWO HUNDRED MILLION DOLLARS ($200,000,000), and (ii) with regard to each Closing Date Term Loan Lender individually,
such Closing Date Term Loan Lender’s Closing Date Term Loan Commitment Percentage of outstanding Closing Date Term Loans
shall not exceed its respective Closing Date Term Loan Commitment.  

 

(ii)          Each
Acquisition Term Loan Lender severally agrees to make term loans (each an “Acquisition Term Loan”) to the Borrower
in Dollars on the First Amendment Effective Date; provided, that after giving effect to any such Acquisition Term Loan,
(i) with regard to the Acquisition Term Loan Lenders collectively, the aggregate outstanding principal amount of Acquisition Term
Loans shall not exceed TWO HUNDRED MILLION DOLLARS ($200,000,000), and (ii) with regard to each Acquisition Term
Loan Lender individually, such Acquisition Term Loan Lender’s Acquisition Term Loan Commitment Percentage of outstanding
Acquisition Term Loans shall not exceed its respective Acquisition Term Loan Commitment.

 

(iii)         Term
Loans may consist of Base Rate Loans, Eurodollar Loans, or a combination thereof, as provided herein.  Term Loans may
be repaid in whole or in part at any time but amounts repaid on the Term Loan may not be reborrowed.

 

(e)          Increases
of the Aggregate Revolving Commitments; Addition of Incremental Term Loan Facilities.  The Borrower shall have the
right, upon at least five (5) Business Days’ prior written notice to the Administrative Agent, to increase the Aggregate
Revolving Commitments (each such increase, an “Incremental Revolving Increase”) or to add one or more tranches
of term loans (each an “Incremental Term Loan Facility”; each Incremental Term Loan Facility and each Incremental
Revolving Increase are collectively referred to as “Incremental Facilities”), provided that

 

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(i)           the
aggregate principal amount of all Incremental Facilities incurred after the First Amendment Effective Date shall not exceed $250,000,000;

 

(ii)          no
Default or Event of Default shall exist on the effective date of any Incremental Facility or would exist after giving effect to
any such Incremental Facility;

 

(iii)         no
existing Lender shall be under any obligation to provide any commitment to an Incremental Facility (an “Incremental Facility
Commitment”) and any such decision whether to provide an Incremental Facility Commitment shall be in such Lender’s
sole and absolute discretion;

 

(iv)         each
Incremental Facility Commitment shall be in a minimum principal amount of $5,000,000 and in integral multiples of $1,000,000 in
excess thereof (or such lesser amounts as the Administrative Agent and the Borrower may agree);

 

(v)          each
Person providing an Incremental Facility Commitment shall qualify as an Eligible Assignee;

 

(vi)         the
Borrower shall deliver to the Administrative Agent:

 

(A)         a
certificate of each Credit Party dated as of the date of such increase signed by a Responsible Officer of such Credit Party certifying
and attaching resolutions adopted by the board of directors or equivalent governing body of such Credit Party approving such Incremental
Facility;

 

(B)         a
certificate of the Borrower dated as of the effective date of such Incremental Facility signed by a Responsible Officer of the
Borrower certifying that, before and after giving effect to such Incremental Facility, (I) the representations and warranties of
each Credit Party contained in Article V or any other Credit Document, or which are contained in any document furnished
at any time under or in connection herewith or therewith, shall be true and correct in all material respects on and as of the date
of such increase, except to the extent that such representations and warranties specifically refer to an earlier date, in which
case they shall be true and correct in all material respects as of such earlier date, and (II) no Default or Event of Default exists;

 

(C)         any
new or amended and restated Notes (to the extent requested by the Lenders) to reflect such Incremental Facilities;

 

(D)         opinions
of legal counsel to the Credit Parties, addressed to the Administrative Agent and each Lender (including each Person providing
an Incremental Facility Commitment), dated as of the effective date of such Incremental Facility, in form and substance reasonably
satisfactory to the Administrative Agent; and

 

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(E)         all
fees required under any engagement letter due in connection with the syndication of the commitments to fund such Incremental Facility
by the Arranger;

 

(vii)        the
Administrative Agent shall have received documentation from each Person providing an Incremental Facility Commitment evidencing
its Incremental Facility Commitment and its obligations under this Agreement in form and substance reasonably acceptable to the
Administrative Agent, including, without limitation a Lender Joinder Agreement substantially in the form of Exhibit G
attached hereto or other arrangement reasonably acceptable to the Administrative Agent;

 

(viii)       in
the case of any Incremental Revolving Increase with respect to the Aggregate Revolving Commitments, (A) if any Revolving Loans
are outstanding on the date of such increase, (I) each Lender providing such Incremental Revolving Increase shall make Revolving
Loans, the proceeds of which shall be applied by the Administrative Agent to prepay the Revolving Loans of the existing Revolving
Lenders, in an amount necessary such that after giving effect thereto the outstanding Revolving Loans are held ratably among all
the Revolving Lenders and (II) the Borrower shall pay an amount required pursuant to Section 3.05 as a result of any such
prepayment of Revolving Loans of existing Revolving Lenders and (B) such Incremental Revolving Increase shall be on the exact same
terms and pursuant to the exact same documentation applicable to such existing Revolving Loans; and

 

(ix)          in
the case of an Incremental Term Loan Facility and subject to the requirements of clauses (e)(i) through (vii) above, upon notice
to the Administrative Agent (which shall promptly notify the Lenders), the Borrower may, from time to time, request an increase
to the Term Loan Commitments, or one or more additional term loan tranches.  At the time of sending such notice, the
Borrower (in consultation with the Administrative Agent) shall specify the time period within which each Lender is requested to
respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Lenders).

 

The Incremental Facility Commitments
and credit extensions thereunder shall constitute Commitments and Obligations under, and shall be entitled to all the benefits
afforded by, this Credit Agreement and the other Credit Documents, and shall, without limiting the foregoing, benefit equally and
ratably from the Guaranty.

 

(f)           If
any amendment to this Credit Agreement is required to give effect to any addition of Incremental Facilities pursuant to and in
accordance with Section 2.01(e), then such amendment shall be effective if executed by the Credit Parties, each Lender providing
such Incremental Facility Commitment and the Administrative Agent (each such amendment is a “Commitment Increase Amendment”).

 

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2.02        Borrowings,
Conversions and Continuations.

 

(a)           Each
Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurodollar Loans shall be made upon the
Borrower’s irrevocable notice to the Administrative Agent, which may be given by (i) telephone or (ii) a Loan Notice.  Each
such notice must be received by the Administrative Agent not later than 11:00 a.m. (A) with respect to Eurodollar Loans, three (3)
Business Days prior to, or (B) with respect to Base Rate Loans, on the requested date of, the requested date of any Borrowing,
conversion or continuation.  Each telephonic notice pursuant to this Section 2.02(a) must be confirmed promptly
by delivery to the Administrative Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of
the Borrower.  Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing, conversion or continuation
shall be in a principal amount of (i) with respect to Eurodollar Loans, $1,000,000 or a whole multiple of $1,000,000 in excess
thereof or (ii) with respect to Base Rate Loans, $500,000 or a whole multiple of $100,000 in excess thereof.  Each Loan
Notice (whether telephonic or written) shall specify (i) whether the applicable request is with respect to Revolving Loans, Closing
Date Term Loans or Acquisition Term Loans, (ii) whether such request is for a Borrowing, conversion, or continuation, (ii) the
requested date of such Borrowing, conversion or continuation (which shall be a Business Day), (iii) the principal amount of Loans
to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed, converted or continued, and (v) if applicable, the
duration of the Interest Period with respect thereto.  If the Borrower fails to specify a Type of Loan in a Loan Notice
or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made
as, or converted to, Base Rate Loans.  Any automatic conversion to Base Rate Loans shall be effective as of the last
day of the Interest Period then in effect with respect to the applicable Eurodollar Loans.  If the Borrower requests
a Borrowing of, conversion to, or continuation of Eurodollar Loans in any Loan Notice, but fails to specify an Interest Period,
the Interest Period will be deemed to be one month.

 

(b)           Following
receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender, as applicable, of the amount of its Revolving
Commitment Percentage, Closing Date Term Loan Commitment Percentage or Acquisition Term Loan Commitment Percentage of the applicable
Loans, as the case may be, and if no timely notice of a conversion or continuation is provided by the Borrower, the Administrative
Agent shall notify each Lender of the details of any automatic conversion to Base Rate Loans described in the preceding subsection.  In
the case of a Borrowing, each Lender, as applicable, shall make the amount of its Loan available to the Administrative Agent in
immediately available funds at the Administrative Agent’s Office not later than 2:00 p.m. on the Business Day specified
in the applicable Loan Notice.  Upon satisfaction of the applicable conditions set forth in Section 4.02
(and, if such Borrowing is the initial Extension of Credit, Section 4.01), the Administrative Agent shall make all
funds so received available to the party referenced in the applicable Loan Notice in like funds as received by the Administrative
Agent either by (i) crediting the account of the applicable party on the books of the Administrative Agent with the amount
of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable
to) the Administrative Agent by the Borrower; provided, however,

 

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that if, on the
date the Loan Notice with respect to such Borrowing is given by the Borrower, there are Swing Line Loans or L/C Borrowings outstanding,
then the proceeds of such Borrowing shall be applied, first, to the payment in full of any such L/C Borrowings, second, to the
payment in full of any such Swing Line Loans, and third, to the party identified in the applicable Loan Notice as provided above.

 

(c)           Except
as otherwise provided herein, without the consent of the Required Lenders, (i) a Eurodollar Loan may be continued or converted
only on the last day of an Interest Period for such Eurodollar Loan and (ii) any conversion into, or continuation as, a Eurodollar
Loan may be made only if the conditions to Extension of Credits in Section 4.02 have been satisfied.  During
the existence of a Default or Event of Default, (i) no Loan may be requested as, converted to or continued as a Eurodollar Loan
and (ii) at the request of the Required Lenders, any outstanding Eurodollar Loan shall be converted immediately to a Base Rate
Loan.

 

(d)          The
Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest Period
for Eurodollar Loans upon determination of such interest rate.  The determination of the Eurodollar Rate by the Administrative
Agent shall be conclusive in the absence of manifest error.  At any time that Base Rate Loans are outstanding, the Administrative
Agent shall notify the Borrower and the Lenders of any change in Bank of America’s prime rate used in determining the Base
Rate promptly following the public announcement of such change.

 

(e)          After
giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same
Type, there shall not be more than ten (10) Interest Periods in effect with respect to Loans.

 

2.03        Additional
Provisions with respect to Letters of Credit.

 

(a)           Obligation
to Issue or Amend.

 

(i)           The
L/C Issuer shall not issue any Letter of Credit if:

 

(A)         the
issuance of such Letter of Credit would violate one or more policies of the L/C Issuer; or

 

(B)         such
Letter of Credit is in an initial amount less than $50,000, is to be denominated in a currency other than Dollars or is not a standby
letter of credit.

 

(ii)          The
L/C Issuer shall be under no obligation to issue any Letter of Credit if:

 

(A)         any
order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain the L/C
Issuer from issuing such Letter of Credit, or any Law applicable to the L/C Issuer or any request or directive (whether or not
having the force of law) from any Governmental Authority with jurisdiction over

 

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the L/C Issuer
shall prohibit, or request that the L/C Issuer refrain from, the issuance of letters of credit generally or such Letter of Credit
in particular or shall impose upon the L/C Issuer with respect to such Letter of Credit any restriction, reserve or capital requirement
(for which the L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon the L/C
Issuer any unreimbursed loss, cost or expense that was not applicable on the Closing Date and that the L/C Issuer in good faith
deems material to it;

 

(B)         the
expiry date of such requested Letter of Credit would occur more than twelve (12) months after the date of issuance or last renewal,
unless the Required Revolving Lenders have approved such expiry date;

 

(C)         the
expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the Revolving
Lenders have approved such expiry date;

 

(D)         one
or more applicable conditions contained in Section 4.02 shall not then be satisfied and the L/C Issuer shall have received
written notice thereof from any Revolving Lender or any Credit Party at least one Business Day prior to the requested date of issuance
of such Letter of Credit;

 

(E)         any
Revolving Lender is at that time a Defaulting Lender, unless the L/C Issuer has entered into arrangements, including the delivery
of Cash Collateral, satisfactory to the L/C Issuer (in its sole discretion) with the Borrower or such Revolving Lender to eliminate
the L/C Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.15(a)(iv)) with respect to
the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other
L/C Obligations as to which the L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion; or

 

(F)         the
Revolving Commitments have been terminated pursuant to Article VIII.

 

(iii)         The
L/C Issuer shall be under no obligation to amend any Letter of Credit if:

 

(A)         the
L/C Issuer would have no obligation at such time to issue such Letter of Credit in its amended form under the terms hereof; or

 

(B)         the
beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit.

 

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(iv)         The
L/C Issuer shall not amend any Letter of Credit if:

 

(A)         one
or more applicable conditions contained in Section 4.02 shall not then be satisfied and the L/C Issuer shall have received
written notice thereof from any Revolving Lender or any Credit Party at least one Business Day prior to the requested date of amendment
of such Letter of Credit; or

 

(B)         the
Revolving Commitments have been terminated pursuant to Article VIII.

 

(b)           Procedures
for Issuance and Amendment.

 

(i)           Each
Letter of Credit shall be issued or amended, as the case may be, upon the request of the Borrower delivered to the L/C Issuer (with
a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible
Officer of the Borrower.  Such Letter of Credit Application may be sent by facsimile, by United States mail, by overnight
courier, by electronic transmission using the system provided by the L/C Issuer, by personal delivery or by any other means acceptable
to the L/C Issuer.  Such Letter of Credit Application must be received by the L/C Issuer and the Administrative Agent
not later than 11:00 a.m. at least two (2) Business Days (or such later date and time as the L/C Issuer may agree in
a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as the case may be.  In
the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and
detail satisfactory to the L/C Issuer: (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business
Day); (B) the amount thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents
to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by
such beneficiary in case of any drawing thereunder; and (G) such other matters as the L/C Issuer may require.  In the
case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form
and detail satisfactory to the L/C Issuer (A) the Letter of Credit to be amended; (B) the proposed date of amendment thereof (which
shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may require.

 

(ii)         Promptly
after receipt of any Letter of Credit Application, the L/C Issuer will confirm with the Administrative Agent (by telephone or in
writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Borrower and, if not,
the L/C Issuer will provide the Administrative Agent with a copy thereof.  Upon receipt by the L/C Issuer of confirmation
from the Administrative Agent that the requested issuance or amendment is permitted in accordance with the terms hereof, then,
subject to the terms and conditions hereof, the L/C Issuer shall, on the requested date, issue a

 

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Letter of Credit
for the account of the applicable Person or enter into the applicable amendment, as the case may be, in each case in accordance
with the L/C Issuer’s usual and customary business practices.  Immediately upon the issuance of each Letter of
Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the L/C Issuer
a risk participation in such Letter of Credit in an amount equal to the product of such Revolving Lender’s Revolving Commitment
Percentage of such Letter of Credit.

 

(iii)         Promptly
after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to
the beneficiary thereof, the L/C Issuer will also deliver to the Borrower and the Administrative Agent a true and complete copy
of such Letter of Credit or amendment.

 

(c)           Drawings
and Reimbursements; Funding of Participations.

 

(i)           Upon
any drawing under any Letter of Credit, the L/C Issuer shall notify the Borrower and the Administrative Agent thereof.  Not
later than 11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit (each such date, an “Honor
Date”), the Borrower shall reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount
of such drawing.  If the Borrower fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly
notify each Revolving Lender of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”),
and the amount of such Revolving Lender’s Revolving Commitment Percentage thereof.  In such event, the Borrower
shall be deemed to have requested a Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed
Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate
Loans, the amount of the unutilized portion of the Aggregate Revolving Commitments or the conditions set forth in Section 4.02.  Any
notice given by the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone
if immediately confirmed in writing; provided, that the lack of such an immediate confirmation shall not affect the conclusiveness
or binding effect of such notice.

 

(ii)          Each
Revolving Lender (including the Revolving Lender acting as L/C Issuer) shall upon any notice pursuant to Section 2.03(c)(i)
make funds available to the Administrative Agent for the account of the L/C Issuer at the Administrative Agent’s Office in
an amount equal to its Revolving Commitment Percentage of the Unreimbursed Amount not later than 1:00 p.m. on the Business
Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii),
each Revolving Lender that so makes funds available shall be deemed to have made a Revolving Loan that is a Base Rate Loan to the
Borrower in such amount.  The Administrative Agent shall remit the funds so received to the L/C Issuer.

 

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(iii)         With
respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of Base Rate Loans for any reason, the Borrower
shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced,
which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate.  In
such event, each Revolving Lender’s payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii)
shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Revolving
Lender in satisfaction of its participation obligation under this Section 2.03.

 

(iv)         Until
each Revolving Lender funds its Revolving Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C
Issuer for any amount drawn under any Letter of Credit, interest in respect of such Revolving Lender’s Revolving Commitment
Percentage of such amount shall be solely for the account of the L/C Issuer.

 

(v)          Each
Revolving Lender’s obligation to make Revolving Loans or L/C Advances to reimburse the L/C Issuer for amounts drawn under
Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected
by any circumstance, including (A) any set-off, counterclaim, recoupment, defense or other right that such Revolving Lender may
have against the L/C Issuer, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of a
Default or Event of Default, (C) non-compliance with the conditions set forth in Section 4.02, or (D) any other occurrence,
event or condition, whether or not similar to any of the foregoing.  No such making of an L/C Advance shall relieve or
otherwise impair the obligation of the Borrower to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer
under any Letter of Credit, together with interest as provided herein.

 

(vi)         If
any Revolving Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required
to be paid by such Revolving Lender pursuant to the foregoing provisions of this Section 2.03(c) by the time specified
in Section 2.03(c)(ii), the L/C Issuer shall be entitled to recover from such Revolving Lender (acting through the
Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the
date on which such payment is immediately available to the L/C Issuer at a rate per annum equal to the Federal Funds Rate from
time to time in effect.  A certificate of the L/C Issuer submitted to any Revolving Lender (through the Administrative
Agent) with respect to any amounts owing under this clause (vi) shall be conclusive absent manifest error.

 

(d)           Repayment
of Participations.

 

(i)           At
any time after the L/C Issuer has made a payment under any Letter of Credit and has received from any Revolving Lender such Revolving

 

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Lender’s L/C
Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the
account of the L/C Issuer any payment in respect of the related Unreimbursed Amount or interest thereon (whether directly from
a Credit Party or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative
Agent will distribute to such Revolving Lender its Revolving Commitment Percentage thereof (appropriately adjusted, in the case
of interest payments, to reflect the period of time during which such Revolving Lender’s L/C Advance was outstanding) in
the same funds as those received by the Administrative Agent.

 

(ii)           If
any payment received by the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(i) is
required to be returned under any of the circumstances described in Section 10.06 (including pursuant to any settlement
entered into by the L/C Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account
of the L/C Issuer its Revolving Commitment Percentage thereof on demand of the Administrative Agent, plus interest thereon from
the date of such demand to the date such amount is returned by such Revolving Lender, at a rate per annum equal to the Federal
Funds Rate from time to time in effect.

 

(e)          Obligations
Absolute.  The obligations of the Borrower to reimburse the L/C Issuer for each drawing under each Letter of Credit
and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with
the terms of this Credit Agreement under all circumstances, including the following:

 

(i)            any
lack of validity or enforceability of such Letter of Credit, this Credit Agreement, any other Credit Document or any other agreement
or instrument relating thereto;

 

(ii)           the
existence of any claim, counterclaim, set-off, defense or other right that the Borrower may have at any time against any beneficiary
or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting),
the L/C Issuer or any other Person, whether in connection with this Credit Agreement, the transactions contemplated hereby or by
such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction;

 

(iii)          any
draft, demand, certificate or other document presented under such Letter of Credit proving to be forged, fraudulent, invalid or
insufficient in any respect or any statement therein being untrue or inaccurate in any respect; or any loss or delay in the transmission
or otherwise of any document required in order to make a drawing under such Letter of Credit;

 

(iv)          any
payment by the L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not strictly comply
with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of

 

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Credit to any Person
purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or
other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection
with any proceeding under any Debtor Relief Law;

 

(v)           any
other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that
might otherwise constitute a defense available to, or a discharge of, the Borrower;

 

(vi)          waiver
by the L/C Issuer of any requirement that exists for the L/C Issuer’s protection and not the protection of the Borrower or
any waiver by the L/C Issuer which does not in fact materially prejudice the Borrower; or

 

(vii)         honor
of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the form of a draft.

 

The Borrower shall promptly examine a copy
of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with
the Borrower’s instructions or other irregularity, the Borrower will immediately notify the L/C Issuer.  The Borrower
shall be conclusively deemed to have waived any such claim against the L/C Issuer and its correspondents unless such notice is
given as aforesaid.

 

(f)           Role
of L/C Issuer.  Each Revolving Lender and the Borrower agree that, in paying any drawing under a Letter of Credit,
the L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents
expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the
authority of the Person executing or delivering any such document.  None of the L/C Issuer, any Agent-Related Person
nor any of the correspondents, participants or assignees of the L/C Issuer shall be liable to any Revolving Lender for (i) any
action taken or omitted in connection herewith at the request or with the approval of the Lenders or the Required Lenders, as applicable;
(ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness,
validity or enforceability of any document or instrument related to any Letter of Credit or Letter of Credit Application.  The
Borrower hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter
of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Borrower from
pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement.  None
of the L/C Issuer, any Agent-Related Person, nor any of the respective correspondents, participants or assignees of the L/C Issuer,
shall be liable or responsible for any of the matters described in clauses (i) through (v) of Section 2.03(e);
provided, however, that anything in such clauses to the contrary notwithstanding, the Borrower may have a claim against
the L/C Issuer, and the L/C Issuer may be liable to the Borrower, to the extent, but only to the extent, of any direct, as opposed
to consequential or exemplary, damages suffered by the Borrower which the Borrower proves were caused by the L/C Issuer’s
willful misconduct or gross negligence or the L/C Issuer’s willful failure to pay

 

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under any Letter
of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms
and conditions of a Letter of Credit.  In furtherance and not in limitation of the foregoing, the L/C Issuer may accept
documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice
or information to the contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring
or assigning or purporting to transfer or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in
whole or in part, which may prove to be invalid or ineffective for any reason.  The L/C Issuer may send a Letter of Credit
or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication message
or overnight courier, or any other commercially reasonable means of communicating with a beneficiary.

 

(g)          [Reserved].

 

(h)          Applicability
of ISP and UCP; Limitation of Liability.  Unless otherwise expressly agreed by the L/C Issuer and the Borrower when
a Letter of Credit is issued, the rules of the ISP shall apply to each Letter of Credit.  Notwithstanding the foregoing,
the L/C Issuer shall not be responsible to the Borrower for, and the L/C Issuer’s rights and remedies against the Borrower
shall not be impaired by, any action or inaction of the L/C Issuer required or permitted under any Laws, order or practice that
is required or permitted to be applied to any Letter of Credit or this Agreement, including the law or any order of a jurisdiction
where the L/C Issuer or the beneficiary is located, the practice stated in the ISP or the UCP, as applicable, or in the decisions,
opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade
– International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law and Practice, whether
or not any Letter of Credit chooses such law or practice.

 

(i)           Letter
of Credit Fees.  The Borrower shall pay Letter of Credit fees as set forth in Section 2.09.

 

(j)           Conflict
with Letter of Credit Application.  In the event of any conflict between the terms hereof and the terms of any Issuer
Document, the terms hereof shall control.

 

2.04        Additional
Provisions with respect to Swing Line Loans.

 

(a)          Borrowing
Procedures.  Each Swing Line Borrowing shall be made upon the Borrower’s irrevocable notice to the Swing Line
Lender and the Administrative Agent, which may be given by (i) telephone or (ii) a Loan Notice.  Each such notice must
be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date,
and shall specify (A) the amount to be borrowed, which shall be a minimum of $100,000, and (B) the requested borrowing date, which
shall be a Business Day.  Each telephonic notice pursuant to this Section 2.04(a) must be confirmed promptly by delivery
to the Swing Line Lender and the Administrative Agent of a written Loan Notice, appropriately completed and signed by a

 

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Responsible Officer
of the Borrower.  Promptly after receipt by the Swing Line Lender of any telephonic Loan Notice, the Swing Line Lender
will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Loan
Notice and, if not, the Swing Line Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof.  Unless
the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request
of any Revolving Lender) prior to 2:00 p.m. on the date of the proposed Swing Line Borrowing (1) directing the Swing Line
Lender not to make such Swing Line Loan as a result of the limitations set forth in this Article II, or (2) that one or more
of the applicable conditions specified in Section 4.02 is not then satisfied, then, subject to the terms and conditions
hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing date specified in such Loan Notice, make the
amount of its Swing Line Loan available to the Borrower by crediting the account of the Borrower on the books of the Swing Line
Lender in immediately available funds.

 

(b)          Refinancing.

 

(i)            The
Swing Line Lender at any time in its sole and absolute discretion may request, on behalf of the Borrower (which hereby irrevocably
authorizes the Swing Line Lender to so request on its behalf), that each Revolving Lender make a Revolving Loan that is a Base
Rate Loan in an amount equal to such Revolving Lender’s Revolving Commitment Percentage of Swing Line Loans then outstanding.  Such
request shall be made in writing (which written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance
with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal
amount of Base Rate Loans, the unutilized portion of the Revolving Commitments or the conditions set forth in Section 4.02.  The
Swing Line Lender shall furnish the Borrower with a copy of the applicable Loan Notice promptly after delivering such notice to
the Administrative Agent.  Each Revolving Lender shall make an amount equal to its Revolving Commitment Percentage of
the amount specified in such Loan Notice available to the Administrative Agent in immediately available funds for the account of
the Swing Line Lender at the Administrative Agent’s Office not later than 2:00 p.m. on the day specified in such Loan
Notice, whereupon, subject to Section 2.04(b)(ii), each Revolving Lender that so makes funds available shall be deemed
to have made a Revolving Loan that is a Base Rate Loan to the Borrower in such amount.  The Administrative Agent shall
remit the funds so received to the Swing Line Lender.

 

(ii)           If
for any reason any Swing Line Loan cannot be refinanced by such a Borrowing of Revolving Loans in accordance with Section 2.04(b)(i),
the request for Revolving Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by the Swing
Line Lender that each of the Revolving Lenders fund its risk participation in the relevant Swing Line Loan and each Revolving Lender’s
payment to the Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.04(b)(i) shall be
deemed payment in respect of such participation.

 

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(iii)          If
any Revolving Lender fails to make available to the Administrative Agent for the account of the Swing Line Lender any amount required
to be paid by such Revolving Lender pursuant to the foregoing provisions of this Section 2.04(b) by the time specified
in Section 2.04(b)(i), the Swing Line Lender shall be entitled to recover from such Revolving Lender (acting through
the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to
the date on which such payment is immediately available to the Swing Line Lender at a rate per annum equal to the Federal Funds
Rate from time to time in effect.  A certificate of the Swing Line Lender submitted to any Revolving Lender (through
the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error.

 

(iv)          Each
Revolving Lender’s obligation to make Revolving Loans or to purchase and fund risk participations in Swing Line Loans pursuant
to this Section 2.04(b) shall be absolute and unconditional and shall not be affected by any circumstance, including
(A) any set-off, counterclaim, recoupment, defense or other right that such Revolving Lender may have against the Swing Line
Lender, the Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default or Event of
Default, (C) non-compliance with the conditions set forth in Section 4.02, or (D) any other occurrence, event
or condition, whether or not similar to any of the foregoing.  No such purchase or funding of risk participations shall
relieve or otherwise impair the obligation of the Borrower to repay Swing Line Loans, together with interest as provided herein.

 

(c)          Repayment
of Participations.

 

(i)            At
any time after any Revolving Lender has purchased and funded a risk participation in a Swing Line Loan, if the Swing Line Lender
receives any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such Revolving Lender its Revolving
Commitment Percentage of such payment (appropriately adjusted, in the case of interest payments, to reflect the period of time
during which such Revolving Lender’s risk participation was funded) in the same funds as those received by the Swing Line
Lender.

 

(ii)           If
any payment received by the Swing Line Lender in respect of principal or interest on any Swing Line Loan is required to be returned
by the Swing Line Lender under any of the circumstances described in Section 10.06 (including pursuant to any settlement
entered into by the Swing Line Lender in its discretion), each Revolving Lender shall pay to the Swing Line Lender its Revolving
Commitment Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the
date such amount is returned, at a rate per annum equal to the Federal Funds Rate.  The Administrative Agent will make
such demand upon the request of the Swing Line Lender.

 

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(d)          Interest
for Account of Swing Line Lender.  The Swing Line Lender shall be responsible for invoicing the Borrower (by delivery
of an invoice or other notice to the Borrower) for interest on the Swing Line Loans.  Until each Revolving Lender funds
its Revolving Loan or risk participation pursuant to this Section 2.04 to refinance such Revolving Lender’s Revolving
Commitment Percentage of any Swing Line Loan, interest in respect thereof shall be solely for the account of the Swing Line Lender.

 

(e)          Payments
Directly to Swing Line Lender.  The Borrower shall make all payments of principal and interest in respect of the
Swing Line Loans directly to the Swing Line Lender.

 

2.05        Repayment
of Loans.

 

(a)          Revolving
Loans.  The Borrower shall repay to the Revolving Lenders on the Revolving Loan Maturity Date the aggregate principal
amount of Revolving Loans outstanding on such date.

 

(b)          Swing
Line Loans.  The Borrower shall repay each Swing Line Loan on the earliest to occur of (i) the date five (5)
Business Days after such Loan is made and (ii) the Revolving Loan Maturity Date.

 

(c)          Closing
Date Term Loans.  The Borrower shall repay to the Closing Date Term Loan Lenders on the Closing Date Term Loan Maturity
Date the aggregate principal amount of Closing Date Term Loans outstanding on such date.

 

(d)          Acquisition
Term Loans.  The Borrower shall repay to the Acquisition Term Loan Lenders on the Acquisition Term Loan Maturity
Date the aggregate principal amount of Acquisition Term Loans outstanding on such date.

 

2.06        Prepayments.

 

(a)          Voluntary
Prepayments.  The Loans may be repaid in whole or in part without premium or penalty (except, in the case of Loans
other than Base Rate Loans, amounts payable pursuant to Section 3.05); provided, that (i) notice thereof must
be in form acceptable to the Administrative Agent and be received by 11:00 a.m. by the Administrative Agent (A) at least three (3)
Business Days prior to the date of prepayment of Eurodollar Loans, and (B) on the Business Day prior to the date of prepayment
of Base Rate Loans, and (ii) any such prepayment shall be in a minimum principal amount of $1,000,000 and integral multiples of
$1,000,000 in excess thereof, in the case of Eurodollar Loans, and a minimum principal amount of $500,000 and integral multiples
of $100,000 in excess thereof, in the case of Base Rate Loans, or, in each case, the entire principal amount thereof, if less.  Each
such notice of voluntary repayment hereunder shall be irrevocable and shall specify the date and amount of prepayment and the Loans
and Types of Loans which are to be prepaid.  The Administrative Agent will give prompt notice to the applicable Lenders
of any prepayment on the Loans and the Lender’s interest therein.  Prepayments of Eurodollar Loans hereunder shall
be accompanied by accrued interest thereon and breakage amounts, if any, under Section 3.05.

 

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(b)          Mandatory
Prepayments.  If at any time (A) the Outstanding Amount of Revolving Obligations shall exceed the Aggregate Revolving
Committed Amount, (B) the Outstanding Amount of L/C Obligations shall exceed the L/C Committed Amount, (C) the Outstanding Amount
of Swing Line Loans shall exceed the Swing Line Committed Amount, immediate prepayment will be made on the Revolving Loans, Swing
Line Loans and/or to provide Cash Collateral to the L/C Obligations in an amount equal to such excess; provided, however,
that Cash Collateral will not be provided to the L/C Obligations hereunder until the Revolving Loans and Swing Line Loans have
been paid in full.

 

(c)          Application.  Within
each Loan, prepayments will be applied first to Base Rate Loans, then to Eurodollar Loans in direct order of Interest Period maturities.  In
addition:

 

(i)            Voluntary
Prepayments.  Voluntary prepayments shall be applied as specified by the Borrower.  Voluntary prepayments
on the Revolving Obligations and on the Term Loans will be paid by the Administrative Agent to the Revolving Lenders and the Term
Loan Lenders, as the case may be, ratably in accordance with their respective interests therein.

 

(ii)           Mandatory
Prepayments.  Mandatory prepayments on the Revolving Obligations will be paid by the Administrative Agent to the
Revolving Lenders ratably in accordance with their respective interests therein; provided, that mandatory prepayments in
respect of the Revolving Commitments under subsection (b) above shall be applied to the respective Revolving Obligations as
appropriate.

 

2.07        Termination
or Reduction of Commitments.

 

The Revolving Commitments
and the Term Loan Commitments hereunder may be permanently reduced in whole or in part by notice from the Borrower to the Administrative
Agent; provided, that (i) any such notice thereof must be received by 11:00 a.m. at least five (5) Business Days
prior to the date of reduction or termination and any such prepayment shall be in a minimum principal amount of $5,000,000 and
integral multiples of $1,000,000 in excess thereof; and (ii) the Revolving Commitments may not be reduced to an amount less than
the Revolving Obligations then outstanding.  The Administrative Agent will give prompt notice to the Lenders, as the
case may be, of any such reduction in Revolving Commitments and/or Term Loan Commitments.  Any reduction of the Revolving
Commitments and/or Term Loan Commitments shall be applied to the respective Commitment of each such Lender according to its Revolving
Commitment Percentage and/or Term Loan Commitment Percentage thereof.  All commitment or other fees accrued until the
effective date of any termination of the Commitments shall be paid on the effective date of such termination.

 

2.08        Interest.

 

(a)          Subject
to the provisions of subsection (b) below, (i) each Eurodollar Loan (other than Swing Line Loans) shall bear interest on the
outstanding principal

 

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amount thereof
for each Interest Period at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate; (ii)
each Loan that is a Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing
date at a rate per annum equal to the Base Rate plus the Applicable Rate; and (iii) each Swing Line Loan shall bear interest on
the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Daily Floating Eurodollar
Rate plus the Applicable Rate for Revolving Loans which are Eurodollar Loans.

 

(b)          If
any amount payable by the Borrower under any Credit Document is not paid when due (without regard to any applicable grace periods),
whether at stated maturity, by acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest
rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Law.  Furthermore,
upon the written request of the Required Lenders, while any Event of Default exists, the Borrower shall pay interest on the principal
amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate
to the fullest extent permitted by applicable Law.  Accrued and unpaid interest on past due amounts (including interest
on past due interest) shall be due and payable upon demand.

 

(c)          Interest
on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may
be specified herein.  Interest hereunder shall be due and payable in accordance with the terms hereof before and after
judgment, and before and after the commencement of any proceeding under any Debtor Relief Law.

 

2.09        Fees.

 

(a)          [Reserved.]

 

(b)          Facility
Fee.  From and after the Closing Date, the Borrower agrees to pay to the Administrative Agent for the ratable benefit
of the Revolving Lenders, a facility fee at a per annum rate equal to the Applicable Rate times the actual daily amount
of the Aggregate Revolving Committed Amount (as such amount may be reduced pursuant to Section 2.07 above), regardless of
usage, or, if the Aggregate Revolving Commitments have terminated, on the outstanding amount of all Revolving Loans, Swing Line
Loans and L/C Obligations, (the “Facility Fee” and collectively, for all the Revolving Lenders, the “Facility
Fees”).  To the extent applicable, the Facility Fee shall accrue at all times during the Revolving Commitment
Period (and thereafter so long as Revolving Obligations shall remain outstanding), including periods during which the conditions
to Extensions of Credit in Section 4.02 may not be met, and shall be payable quarterly in arrears on the last day of
each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the
Revolving Loan Maturity Date (and, if applicable, thereafter on demand); provided, that, pursuant to Section 2.15(a)(iii),
(i) no Facility Fee shall accrue on the Revolving Commitment of a Defaulting Lender so long as such Revolving Lender shall be a
Defaulting Lender and (ii) any Facility Fee accrued with respect to the Revolving

 

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Commitment of a
Defaulting Lender during the period prior to the time such Revolving Lender became a Defaulting Lender and unpaid at such time
shall not be payable by the Borrower so long as such Revolving Lender shall be a Defaulting Lender.  The Administrative
Agent shall distribute the Facility Fee to the Revolving Lenders pro rata in accordance with the respective Revolving Commitments
of the Revolving Lenders.

 

(c)          Upfront
and Other Fees.  The Borrower agrees to pay to the Administrative Agent for the benefit of the Lenders the upfront
and other fees provided in the Engagement Letter.

 

(d)          Letter
of Credit Fees.

 

(i)            Letter
of Credit Fee.  In consideration of the L/C Commitment hereunder, the Borrower agrees to pay to the Administrative
Agent for the ratable benefit of the Revolving Lenders an annual fee (the “Letter of Credit Fee”) with respect
to each Letter of Credit issued hereunder equal to (A) the Applicable Rate per annum multiplied by (B) the average daily maximum
amount available to be drawn under such Letter of Credit (whether or not such maximum amount is then in effect under such Letters
of Credit) from the date of issuance to the date of expiration.  The Letter of Credit Fee shall be computed on a quarterly
basis in arrears and shall be payable quarterly in arrears on the first Business Day after the end of each March, June, September and
December, commencing on the first such date to occur after the Closing Date, and on the Letter of Credit Expiration Date (and,
if applicable, thereafter on demand); provided, however, any Letter of Credit Fees otherwise payable for the account
of a Defaulting Lender with respect to any Letter of Credit as to which such Defaulting Lender has not provided Cash Collateral
satisfactory to the L/C Issuer pursuant to Section 2.03 shall be payable, to the maximum extent permitted by applicable
Law, to the other Revolving Lenders in accordance with the upward adjustments in their respective Revolving Commitment Percentage
allocable to such Letter of Credit pursuant to Section 2.15(a)(iv), with the balance of such fee, if any, payable to the
L/C Issuer for its own account.

 

(ii)           L/C
Issuer Fees.  In addition to the Letter of Credit Fee, the Borrower agrees to pay to the L/C Issuer for its own account
without sharing by the other Revolving Lenders (A) with the issuance of each such Letter of Credit, a fronting fee of one eighth
of one percent (0.125%) per annum on the maximum amount available to be drawn under Letters of Credit issued by it from the
date of issuance to the date of expiration, and (B) upon the issuance, amendment, negotiation, transfer and/or conversion
of any Letters of Credit or any other action or circumstance requiring administrative action on the part of the L/C Issuer with
respect thereto, customary charges of the L/C Issuer with respect thereto (collectively, the “L/C Issuer Fees”).

 

(e)          Administrative
Agent’s Fees.  The Borrower agrees to pay the Administrative Agent such fees as provided in the Engagement
Letter or as may be otherwise agreed by the Administrative Agent and the Borrower from time to time.

 

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(f)           Other
Fees.

 

(i)            The
Borrower shall pay to the Arranger and the Administrative Agent for their own respective accounts fees in the amounts and at the
times specified in the Engagement Letter.  Such fees shall be fully earned when paid and shall not be refundable for
any reason whatsoever.

 

(ii)           The
Borrower shall pay to the Lenders such fees as shall have been separately agreed upon in writing in the amounts and at the times
so specified.  Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

 

2.10        Computation
of Interest and Fees.

 

All computations of interest
for Base Rate Loans shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.  All
other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in
more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year).  Interest shall accrue
on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which
the Loan or such portion is paid; provided, that any Loan that is repaid on the same day on which it is made shall, subject
to Section 2.11(a), bear interest for one day.

 

2.11        Payments
Generally.

 

(a)          All
payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff.  Except
as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent, for the
account of the Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately
available funds not later than 2:00 p.m. on the date specified herein.  The Administrative Agent will promptly distribute
to each Lender its Revolving Commitment Percentage, Acquisition Term Loan Commitment Percentage or Closing Date Term Loan Commitment
Percentage, as applicable (or other applicable share as provided herein) of such payment in like funds as received by wire transfer
to such Lender’s Lending Office.  All payments received by the Administrative Agent after 2:00 p.m. shall
be deemed received on the immediately succeeding Business Day and any applicable interest or fee shall continue to accrue.

 

(b)          Subject
to the definition of “Interest Period,” if any payment to be made by the Borrower shall come due on a day other than
a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing
interest or fees, as the case may be.

 

(c)          Unless
the Borrower or any Lender has notified the Administrative Agent, prior to the date (or in the case of any Base Rate Loan, prior
to 12:00 (Noon) on the date of such Borrowing) any payment is required to be made by it to the Administrative Agent hereunder,
that the Borrower or such Lender, as the case may be,

 

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will not make such
payment, the Administrative Agent may assume that the Borrower or such Lender, as the case may be, has timely made such payment
and may (but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto.  If
and to the extent that such payment was not in fact made to the Administrative Agent in immediately available funds, then:

 

(i)            if
the Borrower fails to make such payment, each Lender shall forthwith on demand repay to the Administrative Agent the portion of
such assumed payment that was made available to such Lender in immediately available funds, together with interest thereon in respect
of each day from and including the date such amount was made available by the Administrative Agent to such Lender to the date such
amount is repaid to the Administrative Agent in immediately available funds at the Federal Funds Rate from time to time in effect;
and

 

(ii)           if
any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Administrative Agent the amount thereof
in immediately available funds, together with interest thereon for the period from the date such amount was made available by the
Administrative Agent to the Borrower to the date such amount is recovered by the Administrative Agent (the “Compensation
Period”) at a rate per annum equal to the Federal Funds Rate from time to time in effect.  If such Lender pays
such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in the applicable
Borrowing.  If such Lender does not pay such amount forthwith upon the Administrative Agent’s demand therefor,
the Administrative Agent may make a demand therefor upon the Borrower, and the Borrower shall pay such amount to the Administrative
Agent, together with interest thereon for the Compensation Period at a rate per annum equal to the rate of interest applicable
to the applicable Borrowing.  Nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its
Commitment or to prejudice any rights that the Administrative Agent or the Borrower may have against any Lender as a result of
any default by such Lender hereunder.

 

A notice of the Administrative Agent to any
Lender or the Borrower with respect to any amount owing under this subsection (c) shall be conclusive, absent manifest error.

 

(d)          If
any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing
provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent because the
conditions to the applicable Extension of Credit set forth in Section 4.02 are not satisfied or waived in accordance
with the terms hereof or for any other reason, the Administrative Agent shall return such funds (in like funds as received from
such Lender) to such Lender, without interest.

 

(e)          The
obligations of the Term Loan Lenders hereunder to make Term Loans and of the Revolving Lenders hereunder to make Revolving Loans
and to fund participations in Letters of Credit and Swing Line Loans are several and not joint.  The

 

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failure of any
Lender to make any Loan or to fund any such participation on any date required hereunder shall not relieve any other Lender of
its corresponding obligation to do so on such date, nor relieve Borrower from any obligations hereunder to the Lenders which fulfill
such obligations and no Lender shall be responsible for the failure of any other Lender to so make its Loan or purchase its participation.

 

(f)           Nothing
herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute
a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner.

 

(g)          If
at any time insufficient funds are received by or are available to the Administrative Agent to pay fully all amounts of principal,
L/C Borrowings, interest and fees then due hereunder, such funds shall be applied (i) first, toward costs and expenses (including
Attorney Costs and amounts payable under Article III) incurred by the Administrative Agent and each Lender, (ii) second, toward
repayment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of
interest and fees then due to such parties, and (iii) third, toward repayment of principal and L/C Borrowings then due hereunder,
ratably among the parties entitled thereto in accordance with the amounts of principal and L/C Borrowings then due to such parties.

 

2.12        Sharing
of Payments.

 

If any Lender shall obtain
on account of the Loans made by it, or the participations in L/C Obligations or in Swing Line Loans held by it (excluding any amounts
applied by the Swing Line Lender to outstanding Swing Line Loans and excluding any amounts received by the L/C Issuer and/or Swing
Line Lender to secure the obligations of a Defaulting Lender to fund risk participations hereunder), any payment (whether voluntary,
involuntary, through the exercise of any right of set-off, or otherwise, but excluding any payments made to a Lender in error by
the Administrative Agent (which such payments shall be returned by the Lender to the Administrative Agent immediately upon such
Lender’s obtaining knowledge that such payment was made in error)) in excess of its ratable share (or other share contemplated
hereunder) thereof, such Lender shall immediately (a) notify the Administrative Agent of such fact, and (b) purchase from the other
Lenders such participations in the Loans made by them and/or such subparticipations in the participations in L/C Obligations or
Swing Line Loans held by them, as the case may be, as shall be necessary to cause such purchasing Lender to share the excess payment
in respect of such Loans or such participations, as the case may be, pro rata with each of them; provided, however,
that (i) if all or any portion of such excess payment is thereafter recovered from the purchasing Lender under any of the circumstances
described in Section 10.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion),
such purchase shall to that extent be rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid
therefor, together with an amount equal to such paying Lender’s ratable share (according to the proportion of (A) the amount
of such paying Lender’s required repayment to (B) the total amount so recovered from the purchasing Lender) of any interest
or other amount paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest
thereon and (ii) the provisions of this Section shall

 

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not be construed to apply
to (A) any payment made by or on behalf of the Borrower pursuant to and in accordance with the express terms of this Agreement
(including the application of funds arising from the existence of a Defaulting Lender), (B) the application of Cash Collateral
provided for in Section 2.14, or (C) any payment obtained by a Lender as consideration for the assignment of or sale of
a participation in any of its Loans or subparticipations in L/C Obligations or Swing Line Loans to any assignee or participant,
other than an assignment to any Credit Party or any Subsidiary thereof (as to which the provisions of this Section shall apply).  The
Borrower agrees that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by law,
exercise all its rights of payment (including the right of set-off, but subject to Section 10.09) with respect to such
participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation.  The
Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error) of participations
purchased under this Section and will in each case notify the Lenders following any such purchases or repayments.  Each
Lender that purchases a participation pursuant to this Section shall from and after such purchase have the right to give all
notices, requests, demands, directions and other communications under this Credit Agreement with respect to the portion of the
Obligations purchased to the same extent as though the purchasing Lender were the original owner of the Obligations purchased.

 

2.13        Evidence
of Debt.

 

(a)          The
Extension of Credits made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by
the Administrative Agent in the ordinary course of business.  The accounts or records maintained by the Administrative
Agent and each Lender shall be conclusive absent manifest error of the amount of the Extension of Credits made by the Lenders to
the Borrower and the interest and payments thereon.  Any failure to so record or any error in doing so shall not, however,
limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations.  In
the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative
Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest
error.  The Borrower shall execute and deliver to the Administrative Agent a Note for each Lender, requesting a Note,
which Note shall evidence such Lender’s Loans in addition to such accounts or records.  Each Lender may attach
schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect
thereto.

 

(b)          In
addition to the accounts and records referred to in subsection (a), each Lender and the Administrative Agent shall maintain
in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in
Letters of Credit and Swing Line Loans.  In the event of any conflict between the accounts and records maintained by
the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and records of the
Administrative Agent shall control in the absence of manifest error.

 

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2.14        Cash
Collateral.

 

(a)          Certain
Credit Support Events.  Upon the request of the Administrative Agent or the L/C Issuer (i) if the L/C Issuer has
honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (ii)
if, as of the L/C Cash Collateralization Date, any L/C Obligation remains outstanding, the Borrower shall be deemed to have requested
a Borrowing of Base Rate Loans in the amount of the then Outstanding Amount of all L/C Obligations (determined as of the date of
such L/C Borrowing or the L/C Cash Collateralization Date, as the case may be) and to the extent of unavailability of Base Rate
Loans, the Borrower shall immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.  In the
event that the Borrower is deemed to have requested a Borrowing of Base Rate Loans on the L/C Cash Collateralization Date, the
Borrower hereby authorizes the L/C Issuer and the Administrative Agent to deposit the proceeds of such borrowing directly into
a deposit account with the Administrative Agent in order the Cash Collateralize the L/C Obligations.  At any time that
there shall exist a Defaulting Lender, immediately upon the request of the Administrative Agent, the L/C Issuer or the Swing Line
Lender, the Borrower shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover all Fronting Exposure
(after giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by the Defaulting Lender).

 

(b)          Grant
of Security Interest.  All Cash Collateral (other than credit support not constituting funds subject to deposit)
shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America.  The Borrower, and to the extent
provided by any Revolving Lender, such Revolving Lender, hereby grants to (and subjects to the control of) the Administrative Agent,
for the benefit of the Administrative Agent, the L/C Issuer and the Revolving Lenders (including the Swing Line Lender), and agrees
to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property
so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such
Cash Collateral may be applied pursuant to Section 2.14(c).  If at any time the Administrative Agent determines
that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent as herein provided, or
that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other obligations secured thereby,
the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative
Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency.

 

(c)          Application.  Notwithstanding
anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.14 or Sections
2.03, 2.04, 2.06, 2.15 or 8.02 in respect of Letters of Credit or Swing Line Loans shall be held
and applied to the satisfaction of the specific L/C Obligations, Swing Line Loans, obligations to fund participations therein (including,
as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) and other obligations for which
the Cash Collateral was so provided, prior to any other application of such property as may be provided for herein.

 

(d)          Release.  Cash
Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or other obligations shall be released promptly
following (i)

 

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the elimination
of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender
status of the applicable Revolving Lender (or, as appropriate, its assignee following compliance with Section 11.07(b)))
or (ii) the Administrative Agent’s good faith determination that there exists excess Cash Collateral; provided, however,
(x) that Cash Collateral furnished by or on behalf of a Credit Party shall not be released during the continuance of a Default
or Event of Default (and following application as provided in this Section 2.14 may be otherwise applied in accordance with
Section 8.03), and (y) the Person providing Cash Collateral and the L/C Issuer or Swing Line Lender, as applicable, may
agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations.

 

2.15        Defaulting
Lenders.

 

(a)          Adjustments.  Notwithstanding
anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that
Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:

 

(i)            Waivers
and Amendments.  Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with
respect to this Agreement shall be restricted as set forth in the definitions of “Required Lenders” and “Required
Revolving Lenders” and Section 10.01.

 

(ii)           Defaulting
Lender Waterfall.  Any payment of principal, interest, fees or other amounts received by the Administrative Agent
for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise)
or received by the Administrative Agent from a Defaulting Lender pursuant to Section 10.09 shall be applied at such time
or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such
Defaulting Lender to the Administrative Agent hereunder; second, in the case of a Defaulting Lender that is a Revolving
Lender, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the L/C Issuer or Swing Line Lender
hereunder; third, in the case of a Defaulting Lender that is a Revolving Lender, to Cash Collateralize the L/C Issuer’s
Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.14; fourth, as the Borrower
may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting
Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth,
in the case of a Defaulting Lender that is a Revolving Lender, if so determined by the Administrative Agent and the Borrower, to
be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding
obligations with respect to Loans under this Agreement and (y) Cash Collateralize the L/C Issuer’s future Fronting Exposure
with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with
Section 2.14; sixth, to the payment of any amounts owing to the Lenders, the L/C Issuer or Swing Line Lender as a
result of

 

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any judgment of a
court of competent jurisdiction obtained by any Lender, the L/C Issuer or the Swing Line Lender against such Defaulting Lender
as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default
or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent
jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its
obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent
jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or L/C Borrowings in respect
of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters
of Credit were issued at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment
shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior
to being applied to the payment of any Loans of, or L/C Obligations owed to, such Defaulting Lender until such time as all Loans
and funded and unfunded participations in L/C Obligations and Swing Line Loans are held by the Lenders pro rata in accordance with
the Commitments hereunder without giving effect to Section 2.15(a)(iv). Any payments, prepayments or other amounts paid
or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral
pursuant to this Section 2.15(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably
consents hereto.

 

(iii)          Certain
Fees.

 

(A)         Each
Defaulting Lender shall not be entitled to receive fees payable under Section 2.09(b) for any period during which that Lender
is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have
been paid to each such Defaulting Lender).

 

(B)         Each
Defaulting Lender shall be entitled to receive Letter of Credit Fees for any period during which that Lender is a Defaulting Lender
only to the extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided Cash
Collateral pursuant to Section 2.14.

 

(C)         With
respect to any fee payable under Section 2.09 or any Letter of Credit Fee not required to be paid to any Defaulting Lender
pursuant to clause (A) or (B) above, the Borrower shall (x) pay to each Non-Defaulting Lender that portion of any
such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in L/C Obligations
or Swing Line Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to the
L/C Issuer and Swing Line Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to

 

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the extent allocable
to such L/C Issuer’s or Swing Line Lender’s Fronting Exposure to such Defaulting Lender, and (z) not be required to
pay the remaining amount of any such fee.

 

(iv)          Reallocation
of Applicable Percentages to Reduce Fronting Exposure.  In the case of a Defaulting Lender that is a Revolving Lender,
all or any part of such Defaulting Lender’s participation in L/C Obligations and Swing Line Loans shall be reallocated among
the Non-Defaulting Lenders that are Revolving Lenders in accordance with their respective Applicable Percentages (calculated without
regard to such Defaulting Lender’s Commitment) but only to the extent that (x) the conditions set forth in Section 4.02
are satisfied at the time of such reallocation (and, unless the Borrower shall have otherwise notified the Administrative Agent
at such time, the Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time),
and (y) such reallocation does not cause the Applicable Percentage of Revolving Obligations of any Non-Defaulting Lender to
exceed such Non-Defaulting Lender’s Revolving Commitment.  No reallocation hereunder shall constitute a waiver
or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting
Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following
such reallocation.

 

(v)           Cash
Collateral, Repayment of Swing Line Loans.  If the reallocation described in clause (a)(iv) above cannot,
or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under
applicable Law, (x) first, prepay Swing Line Loans in an amount equal to the Swing Line Lenders’ Fronting Exposure and (y)
second, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures set forth in Section 2.14.

 

(b)          Defaulting
Lender Cure.  If the Borrower, the Administrative Agent, the Swing Line Lender and the L/C Issuer agree in writing
that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the
effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect
to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other
Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and
unfunded participations in Letters of Credit and Swing Line Loans to be held on a pro rata basis by the Lenders in accordance with
their Applicable Percentages (without giving effect to Section 2.15(a)(iv)), whereupon such Lender will cease to be
a Defaulting Lender provided that no adjustments will be made retroactively with respect to fees accrued or payments made
by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to
the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute
a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.

 

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2.16        Extension
of Revolving Loan Maturity Date.

 

(a)          Requests
for Extension.  The Borrower may, at its option, on a one-time basis, by notice to the Administrative Agent (who
shall promptly notify the Revolving Lenders) not earlier than one hundred twenty (120) days and not later than thirty (30) days
prior to the initial Revolving Loan Maturity Date (the date of such notice, the “Extension Request Date”), elect
to extend the Revolving Loan Maturity Date for an additional year from the Revolving Loan Maturity Date then in effect hereunder.

 

(b)          Conditions
to Effectiveness of Extensions.  Notwithstanding the foregoing, the extension of the Revolving Loan Maturity Date
pursuant to this Section shall not be effective unless:

 

(i)            no
Default or Event of Default exists on the Extension Request Date and the date of such extension;

 

(ii)           the
representations and warranties of the Credit Parties contained in this Credit Agreement and the other Credit Documents are true
and correct in all material respects on and as of the Extension Request Date and the date of such extension, other than those representations
and warranties which specifically refer to an earlier date, in which case they are true and correct in all material respects as
of such earlier date; provided, for purposes of this Section 2.16, the representations and warranties contained in
Subsections (a) and (b) of Section 5.01 shall be deemed to refer to the most recent statements furnished pursuant
to clauses (a) and (b), respectively, of Section 6.01;

 

(iii)          the
Administrative Agent shall have received, for the benefit of the Revolving Lenders (to be allocated on a pro rata basis after giving
effect to such extension) from the Borrower an extension fee in aggregate amount equal to 0.15% of the Aggregate Revolving Commitments
on the date of such extension.

 

(c)          Conflicting
Provisions.  This Section shall supersede any provisions in Section 10.01 to the contrary.

 

2.17        Extension
of Acquisition Term Loan Maturity Date.

 

(a)          Requests
for Extension.  The Borrower may, at its option, by notice to the Administrative Agent (who shall promptly notify
the Acquisition Term Loan Lenders) not earlier than one hundred twenty (120) days and not later than thirty (30) days prior to
the then applicable Acquisition Term Loan Maturity Date (the date of such notice, the “Acquisition Term Loan Extension
Request Date”), elect to extend the Acquisition Term Loan Maturity Date twice, the first extension until June 27, 2018
and the second extension until June 27, 2019.  

 

(b)          Conditions
to Effectiveness of Extensions.  Notwithstanding the foregoing, the extension of the Acquisition Term Loan Maturity
Date pursuant to this Section shall not be effective unless:

 

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(i)            no
Default or Event of Default exists on the Acquisition Term Loan Extension Request Date and the date of such extension;

 

(ii)           the
representations and warranties of the Credit Parties contained in this Credit Agreement and the other Credit Documents are true
and correct in all material respects on and as of the Acquisition Term Loan Extension Request Date and the date of such extension,
other than those representations and warranties which specifically refer to an earlier date, in which case they are true and correct
in all material respects as of such earlier date; provided, for purposes of this Section 2.17, the representations
and warranties contained in Subsection (a) of Section 5.01 shall be deemed to refer to the most recent statements
furnished pursuant to clauses (a) and (b), respectively, of Section 6.01;

 

(iii)          the
Administrative Agent shall have received, for the benefit of the Acquisition Term Loan Lenders (to be allocated on a pro rata basis
after giving effect to such extension) from the Borrower (A) in the case of the first extension of the Acquisition Term Loan Maturity
Date, an extension fee in aggregate amount equal to 0.10% of the outstanding principal amount of the Acquisition Term Loan on the
date of such extension and (B) in the case of the second extension of the Acquisition Term Loan Maturity Date, an extension fee
in aggregate amount equal to 0.20% of the outstanding principal amount of the Acquisition Term Loan on the date of such extension.

 

(c)          Conflicting
Provisions.  This Section shall supersede any provisions in Section 10.01 to the contrary.

 

Article
III

TAXES, YIELD PROTECTION AND ILLEGALITY

 

3.01        Taxes.

 

(a)           (i)            Any
and all payments by any Credit Party to or for the account of the Administrative Agent or any Lender under any Credit Document
shall be made free and clear of and without deduction for any and all present or future taxes, duties, levies, imposts, deductions,
assessments, fees, withholdings or similar charges, and all liabilities with respect thereto, excluding, in the case of the Administrative
Agent and each Lender, taxes imposed on or measured by its overall net income, and franchise and excise taxes imposed on it (in
lieu of net income taxes), as a result of a present or former connection between the Administrative Agent or such Lender and the
jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or therein
(other than any such connection arising solely from the Administrative Agent’s or such Lender’s having executed, delivered
or performed its obligations or received a payment under, or enforced, this Credit Agreement or any other Credit Document) (all
such non-excluded taxes, duties, levies, imposts, deductions, assessments, fees, withholdings or similar charges, and liabilities
being hereinafter referred to as “Taxes”).  

 

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(ii)           If
any Credit Party or the Administrative Agent shall be required by the Internal Revenue Code to withhold or deduct any taxes, including
both United States Federal backup withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make
such deductions as are determined by the Administrative Agent to be required, (B) the Administrative Agent shall timely pay the
full amount withheld or deducted to the relevant taxation authority in accordance with the Internal Revenue Code, and (C) to the
extent that the withholding or deduction is made on account of Taxes, the sum payable by the applicable Credit Party shall be increased
as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to
additional sums payable under this Section 3.01) the applicable recipient receives an amount equal to the sum it would have received
had no such withholding or deduction been made.

 

(iii)          If
any Credit Party or the Administrative Agent shall be required by any Laws other than the Internal Revenue Code to deduct any Taxes
from or in respect of any sum payable under any Credit Document to the Administrative Agent or any Lender, (A) the sum payable
by the applicable Credit Party shall be increased as necessary so that after making all required deductions (including deductions
applicable to additional sums payable under this Section), each of the Administrative Agent and such Lender receives an amount
equal to the sum it would have received had no such deductions been made, (B) such Credit Party or the Administrative Agent shall
make such deductions, (C) such Credit Party or the Administrative Agent shall pay the full amount deducted to the relevant taxation
authority or other authority in accordance with applicable Laws, and (D) within thirty (30) days after the date of such payment,
such Credit Party shall furnish to the Administrative Agent (which shall forward the same to such Lender) the original or a certified
copy of a receipt evidencing payment thereof.

 

(b)          In
addition, the Borrower agrees to pay any and all present or future stamp, court or documentary taxes or charges or similar levies
which arise from any payment made under any Credit Document or from the execution, delivery, performance, enforcement or registration
of, or otherwise with respect to, any Credit Document (hereinafter referred to as “Other Taxes”).  For
the avoidance of doubt, “Other Taxes” shall not include any taxes assessed on the net or gross income of a taxpayer,
regardless of whether such taxes are designated excise or property taxes.

 

(c)           (i)             If
the Borrower shall be required to deduct or pay any Taxes or Other Taxes from or in respect of any sum payable under any Credit
Document to the Administrative Agent or any Lender, the Borrower shall also pay to the Administrative Agent or to such Lender,
as the case may be, at the time interest is paid, such additional amount that the Administrative Agent or such Lender specifies
is necessary to preserve the after-tax yield (after factoring in all taxes, including taxes imposed on or measured by net income)
that the Administrative Agent or such Lender would have received if such Taxes or Other Taxes had not been imposed.

 

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(ii)          Each
Lender shall, and does hereby, severally indemnify, and shall make payment in respect thereof within ten (10) days after demand
therefore, (x) the Administrative Agent against any Taxes attributable to such Lender (but only to the extent that any Credit Party
has not already indemnified the Administrative Agent for such Taxes and without limiting the obligation of the Credit Parties to
do so) and (y) the Administrative Agent and the Credit Parties, as applicable, against any taxes excluded from the definition of
Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent or a Credit Party in connection
with any Credit Document, and any reasonable expenses arising therefrom or with respect thereto whether or not such taxes were
correctly or legally imposed or asserted by the relevant taxation authority.  A certificate as to the amount of such
payment or liability delivered to any Lender by the Administrative Agent to set off and apply any and all amounts at any time owing
to such Lender under this Agreement or any other Credit Document against any amount due to the Administrative Agent under this
clause (ii).  

 

(d)          The
Borrower agrees to indemnify the Administrative Agent and each Lender for (i) the full amount of Taxes and Other Taxes (including
any Taxes or Other Taxes imposed or asserted by any jurisdiction on amounts payable under this Section) that are paid by the Administrative
Agent and such Lender and that are the responsibility of the Borrower, (ii) amounts payable under Section 3.01(c)
and (iii) any liability (including additions to tax, penalties, interest and expenses) arising therefrom or with respect thereto,
in each case whether or not such Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental
Authority.  Each of the Credit Parties agree, jointly and severally, to indemnify the Administrative Agent for any amount
which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 3.01(c)(ii)
above.  Payment under this subsection (d) shall be made within thirty (30) days after the date the Lender or the
Administrative Agent makes a written demand therefor.

 

(e)          For
purposes of determining withholding Taxes imposed under the FATCA, from and after the First Amendment Effective Date, the Borrower
and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Loans as not
qualifying as a "grandfathered obligation" within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

 

3.02        Illegality.

 

If any Lender determines
that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable
Lending Office to make, maintain or fund Eurodollar Loans, or to determine or charge interest rates based upon the Eurodollar Rate,
then, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to make
or continue Eurodollar Loans or to convert Base Rate Loans to Eurodollar Loans shall be suspended until such Lender notifies the
Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist.  Upon
receipt of such notice, the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay or,
if applicable, convert all Eurodollar Loans

 

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of such Lender to Base Rate
Loans, either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar
Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Loans.  Upon
any such prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted.  Each
Lender agrees to designate a different Lending Office if such designation will avoid the need for such notice and will not, in
the good faith judgment of such Lender, otherwise be materially disadvantageous to such Lender.

 

3.03        Inability
to Determine Rates.

 

If the Required Lenders
determine that for any reason adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested
Interest Period with respect to a proposed Eurodollar Loan, or that the Eurodollar Rate for any requested Interest Period with
respect to a proposed Eurodollar Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the
Administrative Agent will promptly so notify the Borrower and each Lender.  Thereafter, the obligation of the Lenders
to make or maintain Eurodollar Loans shall be suspended until the Administrative Agent (upon the instruction of the Required Lenders)
revokes such notice.  Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion
to or continuation of Eurodollar Loans or, failing that, will be deemed to have converted such request into a request for a Borrowing
of Base Rate Loans in the amount specified therein.

 

3.04        Increased
Cost and Reduced Return; Capital Adequacy; Reserves on Eurodollar Loans.

 

(a)          If
any Lender determines that as a result of any Change in Law, or such Lender’s compliance therewith, there shall be any increase
in the cost to such Lender of agreeing to make or making, funding or maintaining Eurodollar Loans or (as the case may be) issuing
or participating in Letters of Credit, or a reduction in the amount received or receivable by such Lender in connection with any
of the foregoing (excluding for purposes of this subsection (a) any such increased costs or reduction in amount resulting
from (i) Taxes or Other Taxes (as to which Section 3.01 shall govern), (ii) changes in the basis of taxation of
overall net income or overall gross income by the United States or any foreign jurisdiction or any political subdivision of either
thereof under the Laws of which such Lender is organized or has its Lending Office, and (iii) reserve requirements contemplated
by Section 3.04(c)), then from time to time upon demand of such Lender (with a copy of such demand to the Administrative
Agent), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost or
reduction.

 

(b)          If
any Lender determines that any Change in Law regarding capital adequacy or liquidity requirements, or compliance by such Lender
(or its Lending Office) therewith, has the effect of reducing the rate of return on the capital of such Lender or any corporation
controlling such Lender as a consequence of such Lender’s obligations hereunder (taking into consideration its policies (and
the policies of such Lender’s holding company) with respect to capital adequacy and such Lender’s desired return on
capital), then from time to time upon demand of such Lender (with a copy of such

 

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demand to the Administrative
Agent), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such reduction.

 

(c)          The
Borrower shall pay to each Lender, as long as such Lender shall be required to maintain reserves with respect to liabilities or
assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional
interest on the unpaid principal amount of each Eurodollar Loan equal to the actual costs of such reserves allocated to such Loan
by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which shall be due and payable
on each date on which interest is payable on such Loan; provided, the Borrower shall have received at least fifteen (15)
days’ prior written notice (with a copy to the Administrative Agent) of such additional interest from such Lender.  If
a Lender fails to give notice fifteen (15) days prior to the relevant Interest Payment Date, such additional interest shall be
due and payable fifteen (15) days from receipt of such notice.

 

3.05        Funding
Losses.

 

Upon demand of any Lender
(with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such
Lender harmless from any loss, cost or expense incurred by it as a result of:

 

(a)          any
continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the
Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);

 

(b)          any
failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert
any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or

 

(c)          any
assignment of a Eurodollar Loan on a day other than the last day of the Interest Period therefor as a result of a request by the
Borrower pursuant to Section 10.16;

 

including any loss of anticipated profits and
any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable
to terminate the deposits from which such funds were obtained.  The Borrower shall also pay any customary administrative
fees charged by such Lender in connection with the foregoing.

 

For purposes of calculating amounts payable
by the Borrower to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar
Loan made by it at the Eurodollar Rate used in determining the Eurodollar Rate for such Loan by a matching deposit or other borrowing
in the London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such Eurodollar Loan
was in fact so funded.

 

3.06        Matters
Applicable to all Requests for Compensation.

 

(a)          A
certificate of the Administrative Agent or any Lender claiming compensation under this Article III and setting forth the additional
amount or amounts to

 

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be paid to it hereunder
shall be conclusive in the absence of manifest error.  In determining such amount, the Administrative Agent or such Lender
may use any reasonable averaging and attribution methods.

 

(b)          Upon
any Lender’s making a claim for compensation under Section 3.01 or 3.04, the Borrower may replace such
Lender in accordance with Section 10.16.

 

3.07        Survival.

 

All of the Borrower’s
obligations under this Article III shall survive termination of the Commitments and repayment of all other Obligations hereunder.

 

Article
IV

CONDITIONS PRECEDENT TO EXTENSION OF CREDITS

 

The obligation of each
Lender to make Extensions of Credit hereunder is subject to satisfaction of the following conditions precedent:

 

4.01        Conditions
to Initial Extensions of Credit.

 

The obligation of the Lenders
to make the initial Extension of Credit hereunder is subject to the satisfaction of such of the following conditions in all material
respects on or prior to the Closing Date as shall not have been expressly waived in writing by the Administrative Agent and Lenders.

 

(a)          Credit
Documents, Organization Documents, Etc.  The Administrative Agent’s receipt of the following, each of which
shall be originals or facsimiles (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible
Officer of the signing Credit Party, each dated the Closing Date (or, in the case of certificates of governmental officials, a
recent date before the Closing Date) and each in form and substance satisfactory to the Administrative Agent:

 

(i)            executed
counterparts of this Credit Agreement and the other Credit Documents;

 

(ii)           a
Note executed by the Borrower in favor of each Lender requesting a Note;

 

(iii)          copies
of the Organization Documents of each Credit Party (not included in (iv) below) certified to be true and complete as of a recent
date by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation or organization, where applicable,
and certified by a secretary or assistant secretary of such Credit Party to be true and correct as of the Closing Date;

 

(iv)          with
respect to the Credit Parties that were credit parties or subsidiary guarantors under the Existing Credit Facility, a certificate
by a secretary or assistant secretary of such Credit Parties that the Organization

 

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Documents delivered
to the Administrative Agent in connection with the Existing Credit Facility are still in full force and effect and have not been
amended, restated, replaced or otherwise modified since the closing of the Existing Credit Facility;

 

(v)           such
certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each
Credit Party as the Administrative Agent may require evidencing the identity, authority and capacity of each Responsible Officer
thereof authorized to act as a Responsible Officer in connection with this Credit Agreement and the other Credit Documents to which
such Credit Party is a party; and

 

(vi)          such
documents and certifications as the Administrative Agent may reasonably require to evidence that each Credit Party is duly organized
or formed, and is validly existing, in good standing and qualified to engage in business in the jurisdiction of their incorporation
or organization.

 

(b)          Opinions
of Counsel.  The Administrative Agent shall have received, in each case dated as of the Closing Date and in form
and substance reasonably satisfactory to the Administrative Agent a legal opinion of (i) Kaye Scholer LLP, special New York and
Delaware counsel for the Credit Parties and (ii) special local counsel for the Credit Parties for the states of Maryland and Ohio,
in each case addressed to the Administrative Agent, its counsel and the Lenders.

 

(c)          Officer’s
Certificates.  The Administrative Agent shall have received a certificate or certificates executed by a Responsible
Officer of the Borrower as of the Closing Date, in a form satisfactory to the Administrative Agent, stating that (i) each Credit
Party is in compliance with all existing financial obligations (whether pursuant to the terms and conditions of this Credit Agreement
or otherwise), (ii) all governmental, shareholder and third party consents and approvals, if any, with respect to the Credit Documents
and the transactions contemplated thereby have been obtained, (iii) no action, suit, investigation or proceeding is pending or
threatened in any court or before any arbitrator or governmental instrumentality that purports to affect any Consolidated Party
or any transaction contemplated by the Credit Documents, if such action, suit, investigation or proceeding could have a Material
Adverse Effect, (iv) immediately prior to and following the transactions contemplated herein, each of the Credit Parties shall
be Solvent, and (v) immediately after the execution of this Credit Agreement and the other Credit Documents, (A) no Default or
Event of Default exists and (B) all representations and warranties contained herein and in the other Credit Documents are true
and correct in all material respects.

 

(d)          Financial
Statements.  Receipt by the Administrative Agent and the Lenders of (i) pro forma projections of financial statements
(balance sheet, income and cash flows) for each of the fiscal years of the Consolidated Parties through December 31, 2018 and (ii)
such other information relating to the Consolidated Parties as the Administrative Agent may reasonably require in connection with
the structuring and syndication of credit facilities of the type described herein.

 

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(e)          Opening
Compliance Certificate.  Receipt by the Administrative Agent of a Compliance Certificate as of the Closing Date signed
by a Responsible Officer of the Borrower and including (i) pro forma calculations for the current fiscal quarter based on the amounts
set forth in the unaudited financial statements for the fiscal quarter ending March 31, 2014 and taking into account any Extension
of Credit made or requested hereunder as of such date and (ii) pro forma calculations of all financial covenants contained herein
for each of the following four (4) fiscal quarters (based on the projections set forth in the materials delivered pursuant
to clause (d) of this Section 4.01).

 

(f)           Unencumbered
Property Certificate.  Receipt by the Administrative Agent of an Unencumbered Property Certificate as of the Closing
Date signed by a Responsible Officer of the Borrower.

 

(g)          Consents/Approvals.  The
Credit Parties shall have received all approvals, consents and waivers, and shall have made or given all necessary filings and
notices as shall be required to consummate the transactions contemplated hereby without the occurrence of any default under, conflict
with or violation of (i) any applicable Law or (ii) any agreement, document or instrument to which any Credit Party is a party
or by which any of them or their respective properties is bound, except for such approvals, consents, waivers, filings and notices
the receipt, making or giving of which would not reasonably be likely to (A) have a Material Adverse Effect, or (B) restrain or
enjoin, impose materially burdensome conditions on, or otherwise materially and adversely affect the ability of the Borrower or
any other Credit Party to fulfill its respective obligations under the Credit Documents to which it is a party.

 

(h)          Material
Adverse Change.  No material adverse change shall have occurred since December 31, 2013 in the condition (financial
or otherwise), business, assets, operations, management or prospects of the Borrower and its Consolidated Subsidiaries, taken as
a whole.

 

(i)           Litigation.  There
shall not exist any pending or threatened action, suit, investigation or proceeding against any Credit Party or any of their Affiliates
that could reasonably be expected to have a Material Adverse Effect or could otherwise materially and adversely affect the transactions
set forth herein or contemplated hereby.

 

(j)           Repayment
of Existing Credit Facility.  Receipt by the Administrative Agent of satisfactory evidence that the Existing Credit
Facility has been simultaneously repaid in full and terminated.

 

(k)          Fees
and Expenses.  Payment by the Credit Parties to the Administrative Agent of all fees and expenses relating to the
preparation, execution and delivery of this Credit Agreement and the other Credit Documents which are due and payable on the Closing
Date, including, without limitation, payment to the Administrative Agent of the fees set forth in the Engagement Letter.

 

Without limiting the generality
of the provisions of Section 9.03, for purposes of determining compliance with the conditions specified in this Section 4.01,
each Lender that has

 

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signed this Agreement shall
be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder
to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received
notice from such Lender prior to the proposed Closing Date specifying its objection thereto.

 

4.02        Conditions
to Extensions of Credit.

 

The obligation of any Lender
to make any Extension of Credit hereunder is subject to the satisfaction of such of the following conditions on or prior to the
proposed date of the making of such Extension of Credit:

 

(a)          The
Administrative Agent shall receive the applicable Request for Extension of Credit and the conditions set forth in Section 4.01
for the initial Extension of Credit shall have been met as of the Closing Date;

 

(b)          No
Default shall have occurred and be continuing immediately before the making of such Extension of Credit and no Default shall exist
immediately thereafter;

 

(c)          The
representations and warranties of the Borrower made in or pursuant to the Credit Documents shall be true in all material respects
on and as of the date of such Extension of Credit;

 

(d)          (i)
Immediately following the making of such Extension of Credit the sum of the outstanding principal balance of the Revolving Obligations
shall not exceed the Aggregate Revolving Committed Amount and (ii) with respect to Term Loans, the amount of such requested Extension
of Credit shall not exceed the aggregate available Term Loan Commitments.

 

The making of such Extension of Credit hereunder
shall be deemed to be a representation and warranty by the Borrower on the date thereof as to the facts specified in clauses (b),
(c), and (d) of this Section.

 

Article
V

REPRESENTATIONS AND WARRANTIES

 

The Credit Parties represent
and warrant, as applicable, to the Administrative Agent and the Lenders that:

 

5.01        Financial
Statements; No Material Adverse Effect.

 

(a)          The
Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby,
except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Consolidated Parties as of the
date thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout
the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities,
direct or contingent, of the Consolidated Parties as of the date thereof, including liabilities for taxes, material commitments
and Indebtedness.

 

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(b)          [Reserved].

 

(c)          During
the period from December 31, 2013, to and including the Closing Date, there has been no sale, transfer or other disposition by
any Consolidated Party of any material part of the business or Property of the Consolidated Parties, taken as a whole, and no purchase
or other acquisition by any of them of any business or property (including any Capital Stock of any other Person) material in relation
to the consolidated financial condition of the Consolidated Parties, taken as a whole, in each case, which is not reflected in
the foregoing financial statements or in the notes thereto and has not otherwise been disclosed in writing to the Lenders on or
prior to the Closing Date.

 

(d)          The
financial statements delivered pursuant to Section 6.01(a) and (b) have been prepared in accordance with GAAP
(except as may otherwise be permitted under Section 6.01(a) and (b)) and present fairly (on the basis disclosed
in the footnotes to such financial statements) the consolidated financial condition, results of operations and cash flows of the
Consolidated Parties as of such date and for such periods.

 

(e)          Since
the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate,
that has had or could reasonably be expected to have a Material Adverse Effect.

 

5.02        Corporate
Existence and Power.

 

Each of the Credit Parties
is a corporation, partnership or limited liability company duly organized or formed, validly existing and in good standing under
the laws of its jurisdiction of incorporation or organization, has all organizational powers and all material governmental licenses,
authorizations, consents and approvals required to carry on its business as now conducted and is duly qualified as a foreign entity
and in good standing under the laws of each jurisdiction where its ownership, lease or operation of property or the conduct of
its business requires such qualification, other than in such jurisdictions where the failure to be so qualified and in good standing
would not, in the aggregate, have a Material Adverse Effect.

 

5.03        Corporate
and Governmental Authorization; No Contravention.

 

The execution, delivery
and performance by each Credit Party of each Credit Document to which such Person is party, have been duly authorized by all necessary
corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Person’s Organization
Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, (i) any Contractual
Obligation to which such Person is a party or (ii) any order, injunction, writ or decree of any Governmental Authority or
any arbitral award to which such Person or its property is subject; or (c) violate any Law (including Regulation U or Regulation X
issued by the FRB).

 

5.04        Binding
Effect.

 

This Credit Agreement has
been, and each other Credit Document, when delivered hereunder, will have been, duly executed and delivered by each Credit Party
that is a party thereto.  This Credit Agreement constitutes, and each other Credit Document when so delivered

 

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will constitute, a legal,
valid and binding obligation of such Credit Party, enforceable against each Credit Party that is a party thereto in accordance
with its terms except as enforceability may be limited by applicable Debtor Relief Laws and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law).

 

5.05        Litigation.

 

There are no actions, suits,
proceedings, claims or disputes pending or, to the knowledge of the Responsible Officers of the Credit Parties, threatened at law,
in equity, in arbitration or before any Governmental Authority, by or against any Credit Party or against any of its properties
or revenues that (a) purport to affect or pertain to this Credit Agreement or any other Credit Document, or any of the transactions
contemplated hereby or (b) either individually or in the aggregate, can reasonably be expected to be determined adversely, and
if so determined to have a Material Adverse Effect.

 

5.06        Compliance
with ERISA.

 

(a)          Each
Plan is in compliance in all material respects with the applicable provisions of ERISA, the Internal Revenue Code and other Federal
or state Laws.  Each Plan that is intended to qualify under Section 401(a) of the Internal Revenue Code has received
a favorable determination letter from the IRS or an application for such a letter is currently being processed by the IRS with
respect thereto and, to the knowledge of the Responsible Officers of the Credit Parties, nothing has occurred which would prevent,
or cause the loss of, such qualification.  The Borrower and each ERISA Affiliate have made all required contributions
to each Plan subject to Section 412 of the Internal Revenue Code, and no application for a funding waiver or an extension
of any amortization period pursuant to Section 412 of the Internal Revenue Code has been made with respect to any Plan.

 

(b)          There
are no pending or, to the knowledge of the Responsible Officers of the Credit Parties, threatened claims (other than routine claims
for benefits), actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be
expected to have a Material Adverse Effect.  Neither the Borrower nor any ERISA Affiliate or, to the knowledge of the
Responsible Officers of the Credit Parties, any other Person has engaged in any prohibited transaction or violation of the fiduciary
responsibility rules under ERISA or the Internal Revenue Code with respect to any Plan that has resulted or could reasonably be
expected to result in a Material Adverse Effect.

 

(c)           (i)             No
ERISA Event has occurred or is reasonably expected to occur; (ii) no Pension Plan has any Unfunded Pension Liability; (iii) the
Borrower nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability under Title IV of ERISA with
respect to any Pension Plan (other than premiums due and not delinquent under Section 4007 of ERISA); (iv) the Borrower nor
any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred which, with the giving
of notice under Section 4219 of ERISA, would result in such liability) under Sections 4201 or 4243 of ERISA with respect
to a Multiemployer Plan; and (v) the

 

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Borrower nor any
ERISA Affiliate has engaged in a transaction that could be subject to Sections 4069 or 4212(c) of ERISA.

 

5.07        Environmental
Matters.

 

Except as could not reasonably
be expected to have a Material Adverse Effect:

 

(a)          To
the knowledge of the Responsible Officers of the Borrower, each of the facilities and real properties owned, leased or operated
by any Credit Party or any Subsidiary (the “Facilities”) and all operations at the Facilities are in compliance
with all applicable Environmental Laws in all material respects and there is no violation, in any material respect, of any Environmental
Law with respect to the Facilities or the businesses operated by any Credit Party or any Subsidiary at such time (the “Businesses”),
and there are no conditions relating to the Facilities or the Businesses that are likely to give rise to liability under any applicable
Environmental Laws.

 

(b)          To
the knowledge of the Responsible Officers of the Borrower, none of the Facilities contains, or has previously contained, any Hazardous
Materials at, on or under the Facilities in amounts or concentrations that constitute or constituted a violation of, or could give
rise to liability under, applicable Environmental Laws.

 

(c)          To
the knowledge of the Responsible Officers of the Borrower, no Credit Party nor any Subsidiary has received any written or verbal
notice of, or inquiry from any Governmental Authority regarding, any violation, alleged violation, non-compliance, liability or
potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Facilities
or the Businesses, nor does any Responsible Officer of the Borrower have knowledge or reason to believe that any such notice will
be received or is being threatened.

 

(d)          To
the knowledge of the Responsible Officers of the Borrower, Hazardous Materials have not been transported or disposed of from the
Facilities, or generated, treated, stored or disposed of at, on or under any of the Facilities, in each case by or on behalf of
any Credit Party or any Subsidiary in violation of, or in a manner that is likely to give rise to liability under, any applicable
Environmental Law.

 

(e)          To
the knowledge of the Responsible Officers of the Borrower, no judicial proceeding or governmental or administrative action is pending
or threatened, under any Environmental Law to which any Credit Party or any Subsidiary is or will be named as a party, nor are
there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial
requirements outstanding under any Environmental Law with respect to any Credit Party, any Subsidiary, the Facilities or the Businesses.

 

(f)           To
the knowledge of the Responsible Officers of the Borrower, there has been no release or threat of release of Hazardous Materials
at or from the Facilities, or arising from or related to the operations (including, without limitation, disposal) of any Credit
Party or any Subsidiary in connection with the Facilities or otherwise in

 

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connection with
the Businesses, in violation of or in amounts or in a manner that is likely to give rise to liability under any applicable Environmental
Laws.

 

5.08        Margin
Regulations; Investment Company Act.

 

(a)          No
Credit Party is engaged or will engage, principally or as one of its important activities, in the business of purchasing or carrying
margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or
carrying margin stock and no part of the Letters of Credit or proceeds of the Loans will be used, directly or indirectly, for the
purpose of purchasing or carrying any margin stock.

 

(b)          None
of the Credit Parties are (i) required to be registered as an “investment company” under the Investment Company Act
of 1940 or (ii) subject to regulation under any other Law which limits its ability to incur the Obligations.

 

5.09        Compliance
with Laws.

 

Each of the Borrower and
each of its Subsidiaries is in compliance in all material respects with the requirements of all Laws and all orders, writs, injunctions
and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ,
injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply
therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

 

5.10        Ownership
of Property; Liens.

 

Each of the Borrower and
each of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all applicable
Real Property Assets, except for Permitted Liens and such defects in title as could not, individually or in the aggregate, reasonably
be expected to have a Material Adverse Effect.  Set forth on the most recently delivered Unencumbered Property Certificate
required pursuant to Section 6.02, is a list of all Unencumbered Properties (Unencumbered Asset Value).  The
Unencumbered Properties listed on the Unencumbered Property Certificate are the same as the properties listed on the corresponding
certificate most recently delivered by Omega LP pursuant to Section 6.02 of the LP Credit Agreement.  The Property of
the Borrower and its Subsidiaries is subject to no Liens, other than Permitted Liens.

 

5.11        Corporate
Structure; Capital Stock, Etc.

 

Set forth on Schedule 5.11
is a complete and accurate list of each Credit Party and each Subsidiary of any Credit Party, together with (a) jurisdiction of
organization, (b) number of shares of each class of Capital Stock outstanding, (c) number and percentage of outstanding shares
of each class owned (directly or indirectly) by any Credit Party or any Subsidiary and (d) U.S. taxpayer identification number.  Subject
to Section 7.03, the Borrower has no equity Investments in any other Person other than those specifically disclosed on Schedule 5.11,
as such schedule may be updated from time to time pursuant to Section 6.02.  The outstanding Capital

 

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Stock owned by any Credit
Party are validly issued, fully paid and non-assessable and free of any Liens, warrants, options and rights of others of any kind
whatsoever.

 

5.12        Labor
Matters.

 

There are no collective
bargaining agreements or Multiemployer Plans covering the employees of the Borrower as of the Closing Date and the Borrower (a) has
not suffered any strikes, walkouts, work stoppages or other material labor difficulty within the last five (5) years or (b) to
the knowledge of the Responsible Officers of the Borrower there has not been any potential or pending strike, walkout or work stoppage.  No
unfair labor practice complaint is pending against the Borrower.

 

5.13        No
Default.

 

Neither the Borrower nor
any of its Subsidiaries is in default under or with respect to any Contractual Obligation that could, either individually or in
the aggregate, reasonably be expected to have a Material Adverse Effect.

 

5.14        Solvency.

 

Immediately before and
immediately after giving effect to this Agreement, (a) the Borrower is Solvent and (b) the other Credit Parties are Solvent on
a consolidated basis.

 

5.15        Taxes.

 

The Borrower and its Subsidiaries
have filed all Federal, state and other material tax returns and reports required to be filed, and have paid all Federal, state
and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income
or assets otherwise due and payable, except those which are being contested in good faith by appropriate proceedings diligently
conducted and for which adequate reserves have been established in accordance with GAAP.  To the knowledge of the Responsible
Officers of the Borrower, there is no proposed tax assessment against any Credit Party that would, if made, have a Material Adverse
Effect.

 

5.16        REIT
Status.

 

The Borrower is taxed as
a “real estate investment trust” within the meaning of Section 856(a) of the Internal Revenue Code and each of
the Credit Parties (other than the Borrower) are Qualified REIT Subsidiaries.

 

5.17        Insurance.

 

The Real Property Assets
of the Borrower and its Subsidiaries are insured, to Borrower’s knowledge, with financially sound and reputable insurance
companies not Affiliates of the Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried
by companies engaged in similar businesses and owning similar properties in localities where the Borrower or the applicable Subsidiary
operates.

 

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5.18        Intellectual
Property; Licenses, Etc.

 

The Borrower and its Subsidiaries
own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises,
licenses and other intellectual property rights that are reasonably necessary for the operation of their respective businesses,
without conflict with the rights of any other Person, except, in each case, where the failure to do so could not reasonably be
expected to have a Material Adverse Effect.  To the knowledge of the Credit Parties, no slogan or other advertising device,
product, process, method, substance, part or other material now employed, or now contemplated to be employed, by the Borrower or
any Subsidiary infringes upon any rights held by any other Person except where such infringement could not reasonably be expected
to have a Material Adverse Effect.  No claim or litigation regarding any of the foregoing is pending or, to the knowledge
of the Borrower, threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse
Effect.

 

5.19        Disclosure.

 

Each Credit Party has disclosed
to the Administrative Agent and the Lenders all agreements, instruments and corporate or other restrictions to which it or any
of its Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be
expected to result in a Material Adverse Effect.  To each Credit Party’s knowledge, no report, financial statement,
certificate or other information furnished (whether in writing or orally) by or on behalf of any Credit Party to the Administrative
Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered
hereunder or under any other Credit Document (in each case, as modified or supplemented by other information so furnished) contains
any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of
the circumstances under which they were made, not misleading; provided, that, with respect to projected financial information,
each Credit Party represents only that, to each Credit Party’s knowledge, such information was prepared in good faith based
upon assumptions believed to be reasonable at the time, with the understanding that certain of such information is prepared or
provided by each Credit Party based upon information and assumptions provided to such Credit Parties by Tenants of such Credit
Parties.

 

5.20        Anti-Terrorism
Laws.

 

No Consolidated Party,
any Affiliate thereof, or any of their respective officers, employees, directors or agents is an “enemy” or an “ally
of the enemy” within the meaning of Section 2 of the Trading with the Enemy Act of the United States of America (50
U.S.C. App. §§ 1 et seq.) (the “Trading with the Enemy Act”), as amended.  No Consolidated
Party, any Affiliate thereof, or any of their respective officers, employees, directors or agents is in violation of (a) the
Trading with the Enemy Act, as amended, (b) any of the foreign assets control regulations of the United States Treasury Department
(31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto, (c) the Patriot
Act or (d) the Laws of any applicable jurisdiction related to bribery or anti-corruption.  Set forth on Schedule 5.20
is the exact legal name of each Consolidated Party, the state of incorporation or organization, the chief executive office, the
principal place of business, the jurisdictions in which the Consolidated

 

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Parties are qualified to
do business, the federal tax identification number and organization identification number of each of the Consolidated Parties as
of the Closing Date.  The Borrower has implemented and maintains in effect policies and procedures designed to ensure
compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and agents with anti-corruption
Laws and applicable Sanctions.

 

5.21 OFAC.

 

No Consolidated Party,
any Affiliate thereof, or any of their respective officers, employees, directors or agents (a) is a Sanctioned Person, (b) has
any of its assets in Designated Jurisdictions, or (c) derives any of its operating income from investments in, or transactions
with, Sanctioned Persons or Designated Jurisdictions.  No part of the proceeds of any Loans hereunder will be used directly
or indirectly to fund any operations in, finance any investments or activities in or make any payments to a Sanctioned Person or
a Designated Jurisdiction or for any payments to any governmental official or employee, political party, official of a political
party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business
or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended and in effect
from time to time.

 

Article
VI

AFFIRMATIVE COVENANTS

 

The Borrower hereby covenants
and agrees (on its own behalf and on behalf of the other Credit Parties, as applicable) that until the Obligations, together with
interest, fees and other obligations hereunder, have been paid in full and the Revolving Commitments hereunder shall have terminated:

 

6.01        Financial
Statements.

 

The Borrower shall deliver
to the Administrative Agent (and the Administrative Agent shall disseminate such information pursuant to the terms of Section 6.02
hereof), in form and detail reasonably satisfactory to the Administrative Agent and the Required Lenders:

 

(a)          as
soon as available, but in any event within ninety (90) days after the end of each fiscal year of the Borrower (or if earlier, the
date that is five (5) days after the reporting date for such information required by the SEC), a consolidated balance sheet of
the Consolidated Parties as at the end of such fiscal year, and the related consolidated statements of earnings, shareholders’
equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal
year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of a Registered
Public Accounting Firm of nationally recognized standing reasonably acceptable to the Required Lenders, which report and opinion
shall be prepared in accordance with generally accepted auditing standards and applicable Securities Laws and shall not be subject
to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such
audit; provided, that the Administrative Agent hereby agrees that a Form 10-K of the Borrower in form similar

 

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to that delivered
as part of the Audited Financial Statements shall satisfy the requirements of this Section 6.01(a); and

 

(b)          as
soon as available, but in any event within forty-five (45) days after the end of each of the first three (3) fiscal quarters of
each fiscal year of the Borrower (or if earlier, the date that is five (5) days after the reporting date for such information required
by the SEC), a consolidated balance sheet of the Consolidated Parties as at the end of such fiscal quarter, and the related consolidated
statements of earnings, shareholders’ equity and cash flows for such fiscal quarter and for the portion of the Borrower’s
fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the
previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by a Responsible
Officer of the Borrower as fairly presenting the financial condition, results of operations, shareholders’ equity and cash
flows of the Consolidated Parties in accordance with GAAP, subject only to normal year-end audit adjustments and the absence of
footnotes; provided, that the Administrative Agent hereby agrees that a Form 10-Q of the Borrower in form similar to that
delivered to the SEC shall satisfy the requirements of this Section 6.01(b).

 

6.02        Certificates;
Other Information.

 

The Borrower shall deliver
to the Administrative Agent (and the Administrative Agent shall disseminate such information pursuant to the terms of this Section 6.02),
in form and detail reasonably satisfactory to the Administrative Agent and the Required Lenders:

 

(a)          concurrently
with the delivery of the financial statements referred to in Sections 6.01(a) and (b), (i) a duly completed
Compliance Certificate signed by a Responsible Officer of the Borrower; which shall include, without limitation, calculation of
the financial covenants set forth in Section 6.12 and an update of Schedule 5.11, if applicable and (ii) a duly
completed Unencumbered Property Certificate;

 

(b)          within
thirty (30) days after the end of each fiscal year of the Borrower, beginning with the fiscal year ending December 31, 2014,
an annual operating forecast of the Borrower containing, among other things, pro forma financial statements for the then current
fiscal year and updated versions of the pro forma financial projections delivered in connection with Section 4.01(d)
hereof;

 

(c)          promptly
after any request by the Administrative Agent, copies of any detailed audit reports, management letters or recommendations submitted
to the board of directors by the independent accountants of the Borrower (or the audit committee of the board of directors of the
Borrower) in respect of the Borrower (and, to the extent any such reports, letters or recommendations are prepared separately for
any one or more of the Credit Parties, such Credit Party) by independent accountants in connection with the accounts or books of
the Borrower (or such Credit Party) or any audit of the Borrower (or such Credit Party);

 

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(d)          promptly
after the same are available, (i) copies of each annual report, proxy or financial statement or other report or communication sent
to the stockholders of the Borrower, and copies of all annual, regular, periodic and special reports and registration statements
which the Borrower may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of
1934 or to a holder of any Indebtedness owed by the Borrower in its capacity as such holder and not otherwise required to be delivered
to the Administrative Agent pursuant hereto and (ii) upon the request of the Administrative Agent, all reports and written information
to and from the United States Environmental Protection Agency, or any state or local agency responsible for environmental matters,
the United States Occupational Health and Safety Administration, or any state or local agency responsible for health and safety
matters, or any successor agencies or authorities concerning environmental, health or safety matters;

 

(e)          promptly
upon receipt thereof, a copy of any other report or “management letter” submitted by independent accountants to the
Borrower in connection with any annual, interim or special audit of the books of the Borrower;

 

(f)           promptly
upon any Responsible Officer of the Borrower becoming aware thereof, notice of any matter that has resulted or could reasonably
be expected to result in a Material Adverse Effect and any other Default or Event of Default;

 

(g)          within
ten (10) days upon any Responsible Officer of the Borrower becoming aware thereof, reports detailing income or expenses of any
assets directly owned or operated, or which will be included on the balance sheet for purposes of FIN 46, other than as previously
disclosed in the Borrower’s Form 10-K, 10-Q or any other publicly available information;

 

(h)          promptly,
such additional information regarding the business, financial or corporate affairs of the Credit Parties, or compliance with the
terms of the Credit Documents, as the Administrative Agent or any Lender (through the Administrative Agent) may from time to time
reasonably request; and

 

(i)           promptly
upon any announcement by Moody’s, S&P or Fitch of any change or possible change in a Debt Rating.

 

Documents required to be delivered pursuant
to Section 6.01(a) or (b) or Section 6.02(b), (c), or (d) may be delivered electronically
and if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides
a link thereto on the Borrower’s website on the Internet at the website address listed on Schedule 10.02; or
(ii) on which such documents are posted by the Administrative Agent (on the Borrower’s behalf) on IntraLinks/IntraAgency
or another relevant website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party
website or whether sponsored by the Administrative Agent); provided, that: (A) the Borrower shall deliver paper copies of
such documents to the Administrative Agent or any Lender (through the Administrative Agent) that requests the Borrower to deliver
such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender
(through the Administrative Agent) and (B) the Borrower shall notify (which may be by

 

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facsimile or electronic mail) the Administrative
Agent and each Lender (through the Administrative Agent) of the posting of any such documents (each Lender to which delivery of
such documents shall be made by posting to any such website shall have been given access to such website on or prior to the date
of such posting) and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents.
The Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above,
and in any event shall have no responsibility to monitor compliance by the Borrower or the other Credit Parties with any such request
for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

 

The Borrower hereby acknowledges that (x)
the Administrative Agent will make available to the Lenders materials and/or information provided by or on behalf of the Borrower
hereunder (collectively, the “Borrower Materials”) by posting the Borrower Materials on SyndTrak or another
similar electronic system (the “Platform”) and (y) certain of the Lenders may be “public-side” Lenders
(i.e., Lenders that do not wish to receive material non-public information with respect to the Borrower or its securities)
(each, a “Public Lender”). The Borrower hereby further agrees that (ww) all Borrower Materials that are to be
made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean
that the word “PUBLIC” shall appear prominently on the first page thereof (xx) by marking Borrower Materials “PUBLIC,”
the Borrower shall be deemed to have authorized the Administrative Agent and the Lenders to treat such Borrower Materials as either
publicly available information or not material information (although it may be sensitive and proprietary) with respect to the Borrower
or its securities for purposes of United States federal and state securities laws (provided, however, that to the
extent such Borrower Materials constitute Confidential Information, they shall be treated as set forth in Section 10.08);
(yy) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated
as “Public;” and (zz) the Administrative Agent shall be entitled to treat any Borrower Materials that are not marked
“PUBLIC” as being suitable only for posting on a portion of the Platform not marked as “Public.”

 

6.03        Preservation
of Existence and Franchises.

 

Each Credit Party shall,
and shall cause each of its Subsidiaries to, do all things necessary to preserve and keep in full force and effect its legal existence,
rights, franchises and authority. Each Credit Party shall remain qualified and in good standing in each jurisdiction in which the
failure to so qualify and be in good standing could have a Material Adverse Effect.

 

6.04        Books
and Records.

 

Each Credit Party shall,
as shall cause each of its Subsidiaries to, keep complete and accurate books and records of its transactions in accordance with
good accounting practices on the basis of GAAP.

 

6.05        Compliance
with Law.

 

Each Credit Party shall,
and shall cause each of its Subsidiaries, to comply with all Laws, rules, regulations and orders, and all applicable restrictions
imposed by all Governmental

 

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Authorities, applicable
to it and all of its real and personal property, except in such instances in which (a) such requirement of Law or order, writ,
injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply
therewith could not reasonably be expected to have a Material Adverse Effect.

 

6.06        Payment
of Taxes and Other Indebtedness.

 

Each Credit Party shall,
and shall cause each of its Subsidiaries to, pay and discharge (or cause to be paid or discharged) (a) all taxes (including, without
limitation, any corporate or franchise taxes), assessments and governmental charges or levies imposed upon it, or upon its income
or profits, or upon any of its properties, before they shall become delinquent, unless the same are being contested in good faith
by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Borrower
or such Subsidiary, (b) all lawful claims (including claims for labor, materials and supplies) which, if unpaid, might give rise
to a Lien (other than a Permitted Lien) upon any of its properties, and (c) except as prohibited hereunder, all of its other
Indebtedness as it shall become due.

 

6.07        Insurance.

 

Each Credit Party shall,
and shall cause each of its Subsidiaries to, maintain (or caused to be maintained) with financially sound and reputable insurance
companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds
customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily
carried under similar circumstances by such other Persons. Each Credit Party shall, and shall cause each of its Subsidiaries to,
provide prompt notice to the Administrative Agent following such Credit Party’s receipt from the relevant insurer of any
notice of termination, lapse or cancellation of such insurance.

 

6.08        Maintenance
of Property.

 

Each Credit Party shall,
and shall cause each of its Subsidiaries to, maintain, preserve and protect (or caused to be maintained, preserved and protected)
all of its Unencumbered Properties and all other material property and equipment necessary in the operation of its business in
good working order and condition, in each case, in a manner consistent with how such Person maintained its Unencumbered Properties
and other material property on the Closing Date, ordinary wear and tear excepted.

 

6.09        Performance
of Obligations.

 

The Credit Parties
will pay and discharge at or before maturity, or prior to expiration of applicable notice, grace and curative periods, all their
respective material obligations and liabilities, including, without limitation, tax liabilities, except where the same may be contested
in good faith by appropriate proceedings, and will maintain, in accordance with GAAP, appropriate reserves for the accrual of any
of the same.

 

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6.10        Visits
and Inspections.

 

Subject to the rights
of Tenants, each Credit Party shall, and shall cause each of its Subsidiaries to, permit representatives or agents of any Lender
or the Administrative Agent, from time to time, and, if no Event of Default shall have occurred and be continuing, after reasonable
prior notice, but not more than twice annually and only during normal business hours to: (a) visit and inspect any of its Real
Property Assets to the extent any such right to visit or inspect is within the control of such Person; (b) inspect and make extracts
from their respective books and records, including but not limited to management letters prepared by independent accountants; and
(c) discuss with its principal officers, and its independent accountants, its business, properties, condition (financial or otherwise),
results of operations and performance. If requested by the Administrative Agent, the Borrower or the Credit Parties, as applicable,
shall execute an authorization letter addressed to its accountants authorizing the Administrative Agent or any Lender to discuss
the financial affairs of the Borrower or any other Credit Party with its accountants.

 

6.11        Use
of Proceeds/Purpose of Loans and Letters of Credit.

 

The Borrower shall
use the proceeds of all Loans and use Letters of Credit only for the purpose of (a) on the Closing Date to refinance existing Indebtedness
of the Credit Parties under the Existing Credit Facility and (b) on and after the Closing Date to finance general corporate working
capital (including asset acquisitions, and acquiring or improving, directly or indirectly, income producing Healthcare Facilities
and Investments incidental or related thereto), capital expenditures or other corporate purposes of the Borrower and the other
Credit Parties (to the extent not inconsistent with the Credit Parties’ covenants and obligations under this Credit Agreement
and the other Credit Documents).

 

6.12        Financial
Covenants.

 

(a)          Consolidated
Leverage Ratio. The Borrower shall cause the Consolidated Leverage Ratio, as of the end of any fiscal quarter, to be equal
to or less than 60%; provided however, notwithstanding the foregoing, following any Significant Acquisition by the
Borrower or any Subsidiary or Subsidiaries of the Borrower, and following the delivery of an Acquisition Leverage Ratio Notice,
the Borrower shall have the ability to increase the applicable Consolidated Leverage Ratio to be less than or equal to 65% with
respect to the fiscal quarter during which such Significant Acquisition occurs and the next two (2) fiscal quarters thereafter.

 

(b)          Consolidated
Secured Leverage Ratio. The Borrower shall cause the Consolidated Secured Leverage Ratio, as of the end of any fiscal quarter,
to be equal to or less than 30%.

 

(c)          Consolidated
Unsecured Leverage Ratio. The Borrower shall cause the Consolidated Unsecured Leverage Ratio, as of the end of any fiscal quarter,
to be equal to or less than 60%; provided however, notwithstanding the foregoing, following any Significant Acquisition
by the Borrower or any Subsidiary or Subsidiaries of the Borrower, and following the delivery of an Acquisition Leverage Ratio
Notice, the Borrower shall have the ability to increase the applicable Consolidated Unsecured

 

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Leverage Ratio
to be less than or equal to 65% with respect to the fiscal quarter during which such Significant Acquisition occurs and the next
two (2) fiscal quarters thereafter.

 

(d)          Consolidated
Fixed Charge Coverage Ratio. The Borrower shall cause the Consolidated Fixed Charge Coverage Ratio, as of the end of any fiscal
quarter, to be equal to or greater than 1.50 to 1.00.

 

(e)          Consolidated
Tangible Net Worth. The Borrower shall cause the Consolidated Tangible Net Worth as of the end of any fiscal quarter to be
equal to or greater than the sum of (i) $1,644,768,000 plus (ii) an amount equal to 75% of the net cash proceeds
received by the Consolidated Parties from Equity Transactions subsequent to March 31, 2014.

 

(f)           Consolidated
Unsecured Debt Yield. The Borrower shall cause the Consolidated Unsecured Debt Yield, as of the end of any fiscal quarter,
to be equal to or greater than 12.0%.

 

(g)          Consolidated
Unsecured Interest Coverage Ratio. The Borrower shall cause the Consolidated Unsecured Interest Coverage Ratio, as of the end
of any fiscal quarter, to be equal to or greater than 2.00 to 1.00.

 

(h)          Distribution
Limitation. During the continuance of an Event of Default, the Borrower shall only pay distributions sufficient to maintain
its status as a REIT; provided, that following any Event of Default resulting from nonpayment or bankruptcy, or if the outstanding
Loans have been accelerated then the Borrower shall not make any distributions. Notwithstanding anything to the contrary contained
in this Section 6.12(h), the Borrower may make distributions payable solely in the form of common stock of the Borrower.

 

6.13        Environmental
Matters; Preparation of Environmental Reports.

 

The Borrower will,
and will cause each of its Subsidiaries to, comply in all material respects with all Environmental Laws in respect of its Real
Property Assets.

 

6.14        REIT
Status.

 

The Borrower will,
and will cause each of its Subsidiaries to, operate its business at all times so as to satisfy all requirements necessary to qualify
and maintain the Borrower’s qualification as a real estate investment trust under Sections 856 through 860 of the Internal
Revenue Code. The Borrower will maintain adequate records so as to comply in all material respects with all record-keeping requirements
relating to its qualification as a real estate investment trust as required by the Internal Revenue Code and applicable regulations
of the Department of the Treasury promulgated thereunder and will properly prepare and timely file with the IRS all returns and
reports required thereby.

 

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6.15        Additional
Guarantors; Withdrawal or Addition of Unencumbered Properties; Release of Guarantors.

 

(a)          Upon
the acquisition, incorporation or other creation of any direct or indirect Subsidiary of the Borrower which owns an Unencumbered
Property and/or provides a guaranty of the Senior Notes or other unsecured Funded Debt and to the extent such Subsidiaries have
not been designated as Unrestricted Subsidiaries, the Borrower shall (i) cause such Subsidiary to become a Subsidiary Guarantor
hereunder through the execution and delivery to the Administrative Agent of a Subsidiary Guarantor Joinder Agreement on or before
the deadline for the delivery of the Compliance Certificate required pursuant to Section 6.02(a) following the fiscal
quarter in which the foregoing conditions for becoming a Subsidiary Guarantor are met, and (ii) cause such Subsidiary to deliver
such other documentation as the Administrative Agent may reasonably request in connection with the foregoing, including, without
limitation, certified resolutions and other organizational and authorizing documents of such Subsidiary, favorable opinions of
counsel to such Subsidiary (which shall cover, among other things, the legality, validity, binding effect and enforceability of
the documentation referred to above), all in form, content and scope reasonably satisfactory to the Administrative Agent.

 

(b)          The
Borrower may add and withdraw Real Property Assets from the pool of Unencumbered Properties without the consent of the Administrative
Agent; provided, that (i) in the case of addition of a Real Property Asset owned or leased by a Consolidated Party that
is not a Credit Party, the owner of the Real Property Asset shall have complied with the requirements of clause (a)(i) of this
Section 6.15 and (ii) in the case of withdrawal of a Real Property Asset, the Borrower shall have (x) given notice thereof
to the Administrative Agent, together with a written request to release the owner of the subject Real Property Asset from the Guaranty,
where appropriate, in accordance with the provisions hereof and (y) delivered to the Administrative Agent a Compliance Certificate
demonstrating compliance with the financial covenants in Section 6.12 on a pro forma basis as if such Real Property Asset had been
released as of the first day of the relevant period. In the case of withdrawal of a subject Property from the pool of Unencumbered
Properties entitling the owner of the subject Real Property Asset to a release from the Guaranty hereunder, the Administrative
Agent shall acknowledge (in writing delivered to the Borrower upon written request of the Borrower) withdrawal of the subject Real
Property Asset and release of Guaranty of the owner in respect thereof (excepting a situation where an Event of Default shall then
exist and be continuing, or where withdrawal of the subject Real Property Asset would cause the pool of Unencumbered Properties
to be insufficient to support the outstanding Obligations, which in either such case, the owner of the subject Real Property Asset
shall not be released from its Guaranty hereunder until such time as the foregoing conditions no longer exist). Notwithstanding
anything to the contrary in this Agreement, if the removal of any Unencumbered Properties would have the effect of curing all existing
Events of Default, Borrower shall be permitted to withdraw such Real Property Assets, and any Event of Default with respect thereto
shall be deemed cured as of the date of such withdrawal. In no event shall a Real Property Asset be added to, or released from,
the pool of Unencumbered Properties unless such Real Property Asset is substantially concurrently therewith added to, or released
from, as the case may be, the pool of Unencumbered Properties included under the LP Credit Agreement.

 

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(c)          Notwithstanding
the requirements set forth in clauses (a) or (b) of this Section 6.15, in the event that (i) the Borrower or Omega
LP has received two (2) Investment Grade Ratings and (ii) any Person acting as a Guarantor (other than Omega Holdco and Omega LP)
is no longer obligated to provide a guarantee of any indebtedness of the Borrower for borrowed money evidenced by bonds, debentures,
notes or other similar instruments in an amount of at least $50,000,000 (excluding any amounts outstanding pursuant to this Credit
Agreement or the LP Credit Agreement) or would be automatically released from its guarantee obligations of any such indebtedness
upon its release from the Guaranty, then such Person shall be automatically released as a party to the Credit Documents (the “Release”).
In such an event, the Borrower will notify the Administrative Agent that, pursuant to this Section 6.15(c), such Person
shall be released and, in accordance with Section 9.11, the Administrative Agent shall (to the extent applicable) deliver
to the Credit Parties such documentation as is reasonably necessary to evidence the Release.

 

Notwithstanding the
foregoing, (A) as set forth in Section 6.18 below, the Obligations shall remain a senior unsecured obligation, pari
passu with all other senior unsecured Funded Debt of the Borrower, Omega LP and Omega Holdco and (B) to the extent that following
any such Release, any Real Property Asset owned by an otherwise released or to be released Guarantor that is obligated in respect
of outstanding recourse debt for Funded Debt shall not be deemed an Unencumbered Property for purposes of this Agreement.

 

6.16        Anti-Terrorism
Laws.

 

None of the Credit
Parties nor any of their respective Affiliates (i) will conduct any business or will engage in any transaction or dealing with
any Prohibited Person, including making or receiving any contribution of funds, goods or services to or for the benefit of any
Prohibited Person, (ii) will deal in, or will engage in any transaction relating to, any property or interests in property blocked
pursuant to the Executive Order; or (iii) will engage in or will conspire to engage in any transaction that evades or avoids, or
has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in the Executive Order or the
Patriot Act. The Borrower covenants and agrees to execute and/or deliver to Administrative Agent any certification or other evidence
requested from time to time by Administrative Agent in its sole discretion, confirming the Borrower’s compliance with this
Section including, without limitation, any documentation which is necessary for ongoing compliance with any anti-money laundering
Laws applicable to any Lender.

 

6.17        Compliance
With Material Contracts.

 

Each Credit Party shall,
and shall cause each of its Subsidiaries to, perform and observe all the material terms and provisions of each Material Contract
to be performed or observed by it, maintain each such Material Contract in full force and effect, enforce each such Material Contract
in accordance with its terms, take all such action to such end as may be from time to time reasonably requested by the Administrative
Agent and, upon the reasonable request of the Administrative Agent, make to each other party to each such Material Contract such
demands and requests for information and reports or for action as any Credit Party is entitled to make under such Material Contract.

 

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6.18        Designation
as Senior Debt.

 

Each Credit Party shall,
and shall cause each of its Subsidiaries to, ensure that all Obligations are designated as “Senior Indebtedness” and
are at least pari passu with all unsecured debt of such Credit Party and each Subsidiary.

 

6.19        Investor
Guaranties.

 

The Administrative
Agent and the Lenders have agreed to accept from time to time, upon the request of Borrower, one or more Investor Guaranties. 
No Investor Guarantor shall be a person with whom Administrative Agent or any Lender is prohibited by applicable law from doing
business, and Borrower shall deliver such information as Administrative Agent may reasonably request to verify the foregoing.

 

Article
VII

NEGATIVE
COVENANTS

 

The Borrower hereby
covenants and agrees (on its own behalf and on behalf of the other Credit Parties, as applicable) that until the Obligations, together
with interest, fees and other obligations hereunder, have been paid in full and the Revolving Commitments hereunder shall have
terminated:

 

7.01        Liens.

 

No Credit Party shall,
nor shall they permit any Subsidiary to, at any time, create, incur, assume or suffer to exist any Lien upon any of its assets
or revenues, whether now owned or hereafter acquired, other than the following:

 

(a)          Liens
pursuant to any Credit Document;

 

(b)          Liens
(other than Liens imposed under ERISA) for taxes, assessments or governmental charges or levies (including pledges or deposits
in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security
legislation) not yet due and payable or which are being contested in good faith and by appropriate proceedings diligently conducted,
if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP;

 

(c)          statutory
Liens of landlords and Liens of carriers, warehousemen, mechanics, materialmen and suppliers and other Liens imposed by law or
pursuant to customary reservations or retentions of title arising in the ordinary course of business; provided, that such Liens
secure only amounts not overdue for more than thirty (30) days or are being contested in good faith by appropriate proceedings
for which adequate reserves determined in accordance with GAAP have been established;

 

(d)          deposits
to secure the performance of bids, trade contracts and leases (other than Indebtedness not otherwise permitted pursuant to Section 7.02),
statutory

 

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obligations,
surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business;

 

(e)          zoning
restrictions, easements, rights-of-way, restrictions, restrictive covenants, encroachments, protrusions, sets of facts that an
accurate and up to date survey would show and other similar encumbrances affecting real property which, in the aggregate, are not
substantial in amount, and which do not in any case materially detract from the value of the property subject thereto or materially
interfere with the ordinary conduct of the business of the applicable Person;

 

(f)           Liens
securing judgments for the payment of money (or appeal or other surety bonds relating to such judgments) not constituting an Event
of Default under Section 8.01(h);

 

(g)          leases
or subleases (and the rights of the tenants thereunder) granted to others not interfering in any material respect with the business
of any Credit Party or any Subsidiary;

 

(h)          any
interest of title of a lessor under, and Liens arising from UCC financing statements (or equivalent filings, registrations or agreements
in foreign jurisdictions) relating to, leases permitted by this Agreement;

 

(i)           Liens
in existence as of the Closing Date as set forth on Schedule 7.01 and any renewals or extensions thereof; provided,
that the property covered thereby is not materially changes;

 

(j)           Liens
pursuant to the Braswell Indebtedness; and

 

(k)          other
Liens incurred in connection with Consolidated Funded Debt as long as, after giving effect thereto, the Credit Parties are in compliance
with the financial covenants in Section 6.12, on a pro forma basis as if such Lien had been incurred as of the last
day of the most recent fiscal quarter for which financial statements have been delivered pursuant to Section 6.01 (or
if such Lien exists as of the Closing Date, as of September 30, 2012); provided, that the Credit Parties may not grant a
mortgage, deed of trust, lien, pledge, encumbrance or other security interest, in each case, to secure Funded Debt with respect
to any Unencumbered Property or the Capital Stock in any Subsidiary except in favor of the Lenders.

 

7.02        Indebtedness.

 

No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, create, incur, assume or suffer to exist any Indebtedness, except:

 

(a)          Indebtedness
under the Credit Documents;

 

(b)          Indebtedness
in connection with intercompany Investments permitted under Section 7.03;

 

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(c)          obligations
(contingent or otherwise) existing or arising under any Swap Contract; provided, that (i) such obligations are (or were)
entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities,
commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities
issued by such Person, and not for purposes of speculation or taking a “market view”; and (ii) such Swap Contract does
not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions
to the defaulting party;

 

(d)          without
duplication, Guaranties by a Credit Party or any Subsidiary in respect of any Indebtedness otherwise permitted hereunder;

 

(e)          Indebtedness
set forth in Schedule 7.02 (and renewals, refinancing and extensions thereof); provided, that the amount of
such Indebtedness is not increased at the time of such refinancing, renewal or extension except by an amount equal to a reasonable
premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by
an amount equal to any existing commitments utilized thereunder (for purposes of clarity, it is understood that Funded Debt on
Schedule 7.02 is included in calculating the financial covenants in Section 6.12); and

 

(f)           other
Funded Debt (including any portion of any renewal, financing, or extension of Indebtedness set forth in Schedule 7.02
to the extent such portion does not meet the criteria set for the in the proviso of clause (e) above) as long as, after giving
effect thereto, the Credit Parties are in compliance with the financial covenants in Section 6.12, on a pro forma basis
as if such Indebtedness had been incurred as of the last day of the most recent fiscal quarter for which financial statements have
been delivered pursuant to Section 6.01 (or if such Indebtedness exists as of the Closing Date, as of March 31, 2014).

 

7.03        Investments.

 

No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, make any Investments, except:

 

(a)          Investments
held in the form of cash or Cash Equivalents;

 

(b)          Investments
in any Person that is a Credit Party prior to giving effect to such Investment;

 

(c)          Investments
by any Subsidiary that is not a Credit Party in any other Subsidiary that is not a Credit Party;

 

(d)          Investments
consisting of (i) extensions of credit in the nature of the performance of bids, (ii) accounts receivable or notes receivable arising
from the grant of trade contracts and leases (other than credit) in the ordinary course of business, and (iii) Investments
received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary
in order to prevent or limit loss;

 

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(e)          Guaranties
permitted by Section 7.02;

 

(f)           Investments
existing as of the Closing Date and set forth in Schedule 7.03; and

 

(g)          Investments
in or related to Healthcare Facilities and Investments as described in Section 6.11 (including, without limitation, Investments
of the type set forth in subclauses (i)-(iv) of this clause (g)); provided, however, that after giving effect to
any such Investments, (i) the aggregate amount of Investments consisting of unimproved land holdings shall not, at any time, exceed
5% of Consolidated Total Asset Value, (ii) the aggregate amount of Investments consisting of Mortgage Loans, notes receivables
and mezzanine loans shall not, at any time, exceed 30% of Consolidated Total Asset Value, (iii) the aggregate amount of Investments
consisting of construction in progress shall not, at any time, exceed 15% of Consolidated Total Asset Value and (iv) the aggregate
amount of Investments in Unconsolidated Affiliates shall not, at any time, exceed 20% of Consolidated Total Asset Value; provided,
further, that the aggregate amount of all Investments made pursuant to clauses (i), (ii), (iii) and (iv) above shall not, at any
time, exceed 35% of Consolidated Total Asset Value.

 

7.04        Fundamental
Changes.

 

No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, merge, dissolve, liquidate, consolidate with or into another Person;
provided, that, notwithstanding the foregoing provisions of this Section 7.04, (a) the Borrower may merge or
consolidate with any of its Subsidiaries provided that the Borrower is the continuing or surviving Person, (b) any Consolidated
Party (including any Unrestricted Subsidiary) may merge or consolidate with any other Consolidated Party; provided, that
if a Credit Party is a party to such transaction, such Credit Party shall be the continuing or surviving Person, (c) any Subsidiary
Guarantor may be merged or consolidated with or into any other Subsidiary Guarantor and (d) any Subsidiary that is not a Credit
Party may dissolve, liquidate or wind up its affairs at any time; provided, that such dissolution, liquidation or winding
up, as applicable, could not reasonably be expected to have a Material Adverse Effect.

 

7.05        Dispositions.

 

No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, make any Disposition or enter into any agreement to make any Disposition,
except:

 

(a)          Dispositions
of obsolete or worn out Property, whether now owned or hereafter acquired, in the ordinary course of business;

 

(b)          Dispositions
of inventory in the ordinary course of business;

 

(c)          Dispositions
of equipment or Property to the extent that (i) such Property is exchanged for credit against the purchase price of similar replacement
property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement
Property; provided, that if the Property disposed of is an

 

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Unencumbered
Property it is removed from the calculation of Unencumbered Asset Value.

 

(d)          Dispositions
of Property by any Subsidiary to a Credit Party or to a Wholly Owned Subsidiary; provided, that if the transferor of such
property is a Credit Party, the transferee thereof must be a Credit Party;

 

(e)          Dispositions
permitted by Section 7.04;

 

(f)           Dispositions
by the Borrower and its Subsidiaries not otherwise permitted under this Section 7.05; provided, that (i) at
the time of such Disposition, no Default or Event of Default exists and is continuing (that would not be cured by such Disposition)
or would result from such Disposition and (ii) after giving effect thereto, the Credit Parties are in compliance with the financial
covenants in Section 6.12, on a pro forma basis as if such Disposition had been incurred as of the last day of the
most recent fiscal quarter for which financial statements have been delivered pursuant to Section 6.01; and

 

(g)          real
estate leases entered into in the ordinary course of business.

 

Notwithstanding anything
above, any Disposition pursuant to clauses (a) through (f) shall be for fair market value.

 

7.06        Change
in Nature of Business.

 

No Credit Party shall,
nor shall they permit any Subsidiary to, engage in any material line of business substantially different from those lines of business
conducted by the Borrower and its Subsidiaries on the date hereof or any business substantially related or incidental thereto.

 

7.07        Transactions
with Affiliates and Insiders.

 

No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, enter into any transaction of any kind with any officer, director
or Affiliate of the Borrower, whether or not in the ordinary course of business, other than on fair and reasonable terms substantially
as favorable to such Credit Party or Subsidiary as would be obtainable by such Credit Party or Subsidiary at the time in a comparable
arm’s length transaction with a Person other than a director, officer or Affiliate; provided, that the foregoing restriction
shall not apply to transactions between or among the Credit Parties.

 

7.08        Organization
Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity.

 

No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly:

 

(a)          Amend,
modify or change its Organization Documents in a manner materially adverse to the Lenders.

 

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(b)          Make
any material change in (i) accounting policies or reporting practices, except as required by GAAP, FASB, the SEC or any other
regulatory body, or (ii) its fiscal year.

 

(c)          Without
providing ten (10) days prior written notice to the Administrative Agent, change its name, state of formation or form of organization.

 

7.09        Negative
Pledges.

 

No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, enter into, assume or otherwise be bound, by any Negative Pledge
other than (i) any Negative Pledge contained in an agreement entered into in connection with any Indebtedness that is permitted
pursuant to Section 7.02; (ii) any Negative Pledge required by law; (iii) Negative Pledges contained in (x) the agreements
set forth on Schedule 7.09; (y) any agreement relating to the sale of any Subsidiary or any assets pending such sale; provided,
that in any such case, the Negative Pledge applies only to the Subsidiary or the assets that are the subject of such sale; or (z)
any agreement in effect at the time any Person becomes a Subsidiary so long as such agreement was not entered into in contemplation
of such Person becoming a Subsidiary and such restriction only applies to such Person and/or its assets, and (iv) customary provisions
in leases, licenses and other contracts restricting the assignment thereof, in each case as such agreements, leases or other contracts
may be amended from time to time and including any renewal, extension, refinancing or replacement thereof; provided, that,
with respect to any amendment, renewal, extension, refinancing or replacement of an agreement described in clause (iii), such amendment,
renewal, extension, refinancing or replacement does not contain restrictions of the type prohibited by this Section 7.09
that are, in the aggregate, more onerous in any material respect on the Borrower or any Subsidiary than the restrictions, in the
aggregate, in the original agreement.

 

7.10        Use
of Proceeds.

 

No Credit Party shall,
nor shall they permit any Subsidiary to, directly or indirectly, use the proceeds of any Extension of Credit, whether directly
or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation
U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally
incurred for such purpose.

 

7.11        Prepayments
of Indebtedness.

 

If a Default or Event
of Default exists and is continuing or would be caused thereby, no Credit Party shall, nor shall they permit any Subsidiary to,
directly or indirectly, prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner,
or make any payment in violation of any subordination terms of, any Indebtedness, except the prepayment of Extensions of Credit
in accordance with the terms of this Agreement.

 

7.12        Stock
Repurchases.

 

If a Default or Event
of Default exists and is continuing or would be caused thereby, the Borrower shall not make any payment (whether in cash, securities
or other Property), including any sinking fund or similar deposit, for the purchase, redemption, retirement, defeasance,

 

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acquisition, cancellation
or termination of any of its Capital Stock or any option, warrant or other right to acquire any such Capital Stock other than the
repurchase of warrants or stock in an aggregate amount not to exceed $100,000,000 during the term of this Agreement.

 

7.13        Sanctions.

 

Permit any Loan or
the proceeds of any Loan, directly or indirectly, (a) to be lent, contributed or otherwise made available to fund any activity
or business in any Designated Jurisdiction; (b) to fund any activity or business of any Person located, organized or residing in
any Designated Jurisdiction or who is the subject of any Sanctions; or (c) in any other manner that will result in any violation
by any Person (including any Lender, Arranger, Administrative Agent, L/C Issuer or Swing Line Lender) of any Sanctions or anti-corruption
Laws.

 

Article
VIII

EVENTS
OF DEFAULT AND REMEDIES

 

8.01        Events
of Default.

 

The occurrence and
continuation of any of the following shall constitute an Event of Default:

 

(a)          Non-Payment.
Any Credit Party fails to pay when and as required to be paid herein, (i) any amount of principal of any Loan or any L/C Obligation,
(ii) within five (5) days after the same becomes due, any interest on any Loan or on any L/C Obligation or any Facility Fee, or
(iii) within ten (10) days after the earlier of (A) a Responsible Officer of the Borrower or any Credit Party becoming aware that
the same has become due or (B) written notice from the Administrative Agent to the Borrower, any other fee payable herein or any
other amount payable herein or under any other Credit Document becomes due; or

 

(b)          Specific
Covenants. Any Credit Party fails to perform or observe any term, covenant or agreement contained in (i) any of Sections
6.01 6.02 or 6.10 within ten (10) days after the same becomes due or required or (ii) any of Sections 6.03,
6.06, 6.11, 6.12, 6.14, 6.15 or 6.18 or Article VII; or

 

(c)          Other
Defaults. Any Credit Party fails to perform or observe any other covenant or agreement (not specified in subsection (a)
or (b) above) contained in any Credit Document on its part to be performed or observed and such failure continues for thirty (30)
days after the earlier of (i) a Responsible Officer of the Borrower or any Credit Party becoming aware of such Default or (ii)
written notice thereof by the Administrative Agent to the Borrower (or, if such failure cannot be reasonably cured within such
period, sixty (60) days, so long as the applicable Credit Party has diligently commenced such cure and is diligently pursuing completion
thereof); or

 

(d)          Representations
and Warranties. Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of any
Credit Party and contained in this Credit Agreement, in any other Credit Document, or in any

 

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document delivered
in connection herewith or therewith shall be incorrect or misleading in any material respect when made or deemed made; or

 

(e)          Cross-Default.
(i) there occurs any event of default under (x) any of the Senior Note Indentures or (y) the LP Credit Agreement; (ii) any Credit
Party or any Subsidiary (A) fails to perform or observe (beyond the applicable grace or cure period with respect thereto, if any)
any Contractual Obligation if such failure could reasonably be expected to have a Material Adverse Effect, (B) fails to make any
payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise and beyond the applicable
grace or cure period with respect thereto, if any) in respect of any Indebtedness (other than Indebtedness hereunder and Indebtedness
under Swap Contracts) or otherwise fails to observe or perform any other agreement or condition relating to any such Indebtedness
or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of
which event of default is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of
such holder or holders) to cause, with the giving of notice if required, such Indebtedness to be demanded or to become due or to
be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem
such Indebtedness to be made, prior to its stated maturity, or cash collateral in respect thereof to be demanded, in each case
to the extent such Indebtedness or other obligation is in an amount, individually or in the aggregate, (including undrawn committed
or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more
than the Threshold Amount; or (iii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract)
resulting from (A) any event of default under such Swap Contract as to which such Credit Party or Subsidiary is the Defaulting
Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which such
Credit Party or Subsidiary is an Affected Party (as so defined) and, in either event, the Swap Termination Value owed by such Credit
Party or Subsidiary as a result thereof is greater than the Threshold Amount; or

 

(f)           Insolvency
Proceedings, Etc. Any Credit Party or any Material Subsidiary institutes or consents to the institution of any proceeding under
any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any
receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part
of its properties; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed
and the appointment continues undischarged or unstayed for ninety (90) calendar days; or any proceeding under any Debtor Relief
Law relating to such Person or to all or any material part of its property is instituted without the consent of such Person and
continues undismissed or unstayed for ninety (90) calendar days, or an order for relief is entered in any such proceeding; or

 

(g)          Inability
to Pay Debts; Attachment. (i) Any Credit Party or any Material Subsidiary becomes unable or admits in writing its inability
or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process
in an amount in excess of the Threshold Amount is issued or levied

 

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against all
or any material part of the properties of any such Person and is not released, vacated or fully bonded within sixty (60) days after
its issue or levy; or

 

(h)          Judgments.
There is entered against a Credit Party or any Subsidiary (i) any one or more final judgments or orders for the payment of
money in an amount, individually or in the aggregate, exceeding the Threshold Amount (to the extent not covered by independent
third-party insurance as to which the insurer does not dispute coverage), or (ii) any one or more non-monetary final judgments
that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either
case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of ten
(10) consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in
effect; or

 

(i)           ERISA.
(i) An ERISA Event occurs with respect to a Plan which has resulted in liability of any Credit Party or any Subsidiary under Title IV
of ERISA to the Plan or the PBGC in an aggregate amount in excess of the Threshold Amount, or (ii) any Credit Party or any ERISA
Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its
withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of the Threshold
Amount; or

 

(j)           Invalidity
of Credit Documents; Guaranty. (i) Any Credit Document, at any time after its execution and delivery and for any reason other
than as expressly permitted hereunder or as a result of satisfaction in full of all the Obligations, ceases to be in full force
and effect; or any Credit Party contests in any manner the validity or enforceability of any Credit Document; or any Credit Party
denies that it has any or further liability or obligation under any Credit Document, or purports to revoke, terminate or rescind
any Credit Document; or (ii) except as the result of or in connection with a dissolution, merger or disposition of a Subsidiary
Guarantor not prohibited by the terms of this Credit Agreement, the Guaranty shall cease to be in full force and effect, or any
Guarantor hereunder shall deny or disaffirm such Guarantor’s obligations under such Guaranty, or any Guarantor shall default
in the due performance or observance of any term, covenant or agreement on its part to be performed or observed pursuant to the
Guaranty; or

 

(k)          Change
of Control. There occurs any Change of Control.

 

8.02        Remedies
Upon Event of Default.

 

If any Event of Default
occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders,
upon written notice to the Borrower in any instance, take any or all of the following actions:

 

(a)          declare
the commitment of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated,
whereupon such commitments and obligation shall be terminated;

 

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(b)          declare
the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable
hereunder or under any other Credit Document to be immediately due and payable, without presentment, demand, protest or additional
notice of any kind, all of which are hereby expressly waived by the Borrower;

 

(c)          require
that the Borrower Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount thereof); and

 

(d)          exercise
on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Credit Documents or applicable
law;

 

provided, however, that upon
the occurrence of an actual or deemed entry of an order for relief with respect to the Borrower under the Bankruptcy Code of the
United States, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall
automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall
automatically become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid
shall automatically become effective, in each case without further act of the Administrative Agent or any Lender.

 

8.03        Application
of Funds.

 

After the exercise
of remedies in accordance with the provisions of Section 8.02 (or after the Loans have automatically become immediately
due and payable and the L/C Obligations have automatically been required to provide Cash Collateral as set forth in the proviso
to Section 8.02), any amounts received on account of the Obligations shall be applied by the Administrative Agent in
the following order:

 

First, to payment
of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including Attorney Costs and amounts
payable under Article III) payable to the Administrative Agent in its capacity as such;

 

Second, to payment
of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable
to the Lenders (including Attorney Costs and amounts payable under Article III), ratably among the Lenders in proportion
to the amounts described in this clause Second payable to them;

 

Third, to payment
of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans and L/C Borrowings,
ratably among the Lenders and the L/C Issuer in proportion to the respective amounts described in this clause Third held by them;

 

Fourth, to (a)
payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings, and (b) Cash Collateralize
that portion of the L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit, ratably among such parties
in proportion to the respective amounts described in this clause Fourth held by them;

  

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Fifth, to payment
of that portion of the Obligations constituting obligations under Swap Contracts between any Credit Party and any Lender or Affiliate
of any Lender (including, without limitation, payment of breakage, termination or other amounts owing in respect of any Swap Contract
between any Credit Party and any Lender, or any Affiliate of a Lender, to the extent such Swap Contract is permitted hereunder);
and

 

Last, the balance,
if any, after all of the Obligations have been indefeasibly paid in full, to the Borrower or as otherwise required by Law.

 

Subject to Section 2.03(d),
amounts used to provide Cash Collateral for the aggregate undrawn amount of Letters of Credit pursuant to clause Fourth above shall
be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit as Cash Collateral
after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations,
if any, in the order set forth above.

 

Excluded Swap Obligations with respect
to any Guarantor shall not be paid with amounts received from such Guarantor or such Guarantor’s assets, but appropriate
adjustments shall be made with respect to payments from other Credit Parties to preserve the allocation to Obligations otherwise
set forth above in this Section.

 

Article
IX

ADMINISTRATIVE
AGENT

 

9.01        Appointment
and Authorization of Administrative Agent.

 

(a)          Each
Lender hereby irrevocably appoints, designates and authorizes the Administrative Agent to take such action on its behalf under
the provisions of this Credit Agreement and each other Credit Document and to exercise such powers and perform such duties as are
expressly delegated to it by the terms of this Credit Agreement or any other Credit Document, together with such powers as are
reasonably incidental thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in any other Credit
Document, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, nor
shall the Administrative Agent have or be deemed to have any fiduciary relationship with any Lender or participant, and no implied
covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Credit Agreement or any other
Credit Document or otherwise exist against the Administrative Agent. Without limiting the generality of the foregoing sentence,
the use of the term “agent” herein and in the other Credit Documents with reference to the Administrative Agent is
not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable
Law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative
relationship between independent contracting parties.

 

(b)          The
L/C Issuer shall act on behalf of the Revolving Lenders with respect to any Letters of Credit issued by it and the documents associated
therewith, and the L/C Issuer shall have all of the benefits and immunities (i) provided to the Administrative Agent in this Article IX
with respect to any acts taken or omissions suffered by the L/C

 

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Issuer in connection
with Letters of Credit issued by it or proposed to be issued by it and the applications and agreements for letters of credit pertaining
to such Letters of Credit as fully as if the term “Administrative Agent” as used in this Article IX
and in the definition of “Agent-Related Person” included the L/C Issuer with respect to such acts or
omissions, and (ii) as additionally provided herein with respect to the L/C Issuer.

 

9.02        Delegation
of Duties.

 

The Administrative
Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Credit Document by
or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may
perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory
provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such
sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided
for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence
or misconduct of any sub-agents that it selects in the absence of gross negligence or willful misconduct.

 

9.03        Liability
of Administrative Agent.

 

No Agent-Related Person
shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Credit Agreement
or any other Credit Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct
in connection with its duties expressly set forth herein), or (b) be responsible in any manner to any Lender or participant for
any recital, statement, representation or warranty made by any Credit Party or any officer thereof, contained herein or in any
other Credit Document, or in any certificate, report, statement or other document referred to or provided for in, or received by
the Administrative Agent under or in connection with, this Credit Agreement or any other Credit Document, or the validity, effectiveness,
genuineness, enforceability or sufficiency of this Credit Agreement or any other Credit Document, or for any failure of any Credit
Party or any other party to any Credit Document to perform its obligations hereunder or thereunder. No Agent-Related Person shall
be under any obligation to any Lender or participant to ascertain or to inquire as to the observance or performance of any of the
agreements contained in, or conditions of, this Credit Agreement or any other Credit Document, or to inspect the properties, books
or records of any Credit Party or any Affiliate thereof.

 

9.04        Reliance
by Administrative Agent.

 

(a)          The
Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication, signature,
resolution, representation, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone message, electronic
mail message, statement or other document or conversation believed by it to be genuine and correct and to have been signed, sent
or made by the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to any Credit Party),
independent accountants and other experts selected by the Administrative Agent. The Administrative Agent shall be fully justified
in failing or

 

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refusing to
take any action under any Credit Document unless it shall first receive such advice or concurrence of the Required Lenders as it
deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction by the Lenders against any and all
liability and expense that may be incurred by it by reason of taking or continuing to take any such action. The Administrative
Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Credit Agreement or any other Credit
Document in accordance with a request or consent of the Required Lenders (or such greater number of Lenders as may be expressly
required hereby in any instance) and such request and any action taken or failure to act pursuant thereto shall be binding upon
all the Lenders.

 

(b)          For
purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed this
Credit Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter
required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent
shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.

 

9.05        Notice
of Default.

 

The Administrative
Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default, except with respect
to defaults in the payment of principal, interest and fees required to be paid to the Administrative Agent for the account of the
Lenders, unless the Administrative Agent shall have received written notice from a Lender or the Borrower referring to this Credit
Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default.” The Administrative
Agent will notify the Lenders of its receipt of any such notice. The Administrative Agent shall take such action with respect to
such Default or Event of Default as may be directed by the requisite Lenders in accordance herewith; provided, however,
that unless and until the Administrative Agent has received any such direction, the Administrative Agent may (but shall not be
obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall
deem advisable or in the best interest of the Lenders.

 

9.06        Credit
Decision; Disclosure of Confidential Information by Administrative Agent.

 

Each Lender acknowledges
that no Agent-Related Person has made any representation or warranty to it, and that no act by the Administrative Agent hereafter
taken, including any consent to and acceptance of any assignment or review of the affairs of any Credit Party or any Affiliate
thereof, shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Lender as to any matter,
including whether Agent-Related Persons have disclosed material information in their possession (in each case, except to the extent
the Administrative Agent has confirmed to any Lender in writing the satisfaction of conditions to funding as of the Closing Date).
Each Lender represents to the Administrative Agent that it has, independently and without reliance upon any Agent-Related Person
and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the
business, prospects, operations, property, financial and other condition and creditworthiness of the Credit Parties and their respective
Subsidiaries, and all applicable bank or other regulatory

 

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Laws relating to the
transactions contemplated hereby, and made its own decision to enter into this Credit Agreement and to extend credit to the Borrower
and the other Credit Parties hereunder. Each Lender also represents that it will, independently and without reliance upon any Agent-Related
Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis,
appraisals and decisions in taking or not taking action under this Credit Agreement and the other Credit Documents, and to make
such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other
condition and creditworthiness of the Borrower and the other Credit Parties. Except for notices, reports and other documents expressly
required to be furnished to the Lenders by the Administrative Agent herein, the Administrative Agent shall not have any duty or
responsibility to provide any Lender with any credit or other information concerning the business, prospects, operations, property,
financial and other condition or creditworthiness of any of the Credit Parties or any of their respective Affiliates that may come
into the possession of any Agent-Related Person.

 

9.07        Indemnification
of Administrative Agent.

 

Whether or not the
transactions contemplated hereby are consummated, the Lenders shall indemnify upon demand each Agent-Related Person (to the extent
not reimbursed by or on behalf of any Credit Party and without limiting the obligation of any Credit Party to do so), pro rata,
and hold harmless each Agent-Related Person from and against any and all Indemnified Liabilities incurred by it; provided,
however, that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities
to the extent determined in a final, nonappealable judgment by a court of competent jurisdiction to have resulted from such Agent-Related
Person’s own gross negligence or willful misconduct; provided, however, that no action taken in accordance
with the directions of the Required Lenders shall be deemed to constitute gross negligence or willful misconduct for purposes of
this Section. Without limitation of the foregoing, each Lender shall reimburse the Administrative Agent upon demand for its ratable
share of any costs or out-of-pocket expenses (including Attorney Costs) incurred by the Administrative Agent in connection with
the preparation, execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal
proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Credit Agreement, any other
Credit Document, or any document contemplated by or referred to herein, to the extent that the Administrative Agent is not reimbursed
for such expenses by or on behalf of the Borrower. The undertaking in this Section shall survive termination of the Commitments,
the payment of all other Obligations and the resignation of the Administrative Agent.

 

9.08        Administrative
Agent in its Individual Capacity.

 

Bank of America and
its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, acquire equity interests in
and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with each of the Credit
Parties and their respective Affiliates as though Bank of America were not the Administrative Agent or the L/C Issuer hereunder
and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, Bank of America or
its Affiliates may receive information regarding any Credit Party or its Affiliates (including information that may be

 

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subject to confidentiality
obligations in favor of such Credit Party or such Affiliate) and acknowledge that the Administrative Agent shall be under no obligation
to provide such information to them. With respect to its Loans, Bank of America shall have the same rights and powers under this
Credit Agreement as any other Lender and may exercise such rights and powers as though it were not the Administrative Agent or
the L/C Issuer, and the terms “Lender” and “Lenders” include Bank of America
in its individual capacity.

 

9.09        Successor
Administrative Agent.

 

The Administrative
Agent may resign as Administrative Agent upon thirty (30) days’ notice to the Lenders; provided, that any such
resignation by Bank of America shall also constitute its resignation as L/C Issuer and Swing Line Lender. If the Administrative
Agent resigns under this Credit Agreement, the Required Lenders shall appoint from among the Lenders a successor administrative
agent for the Lenders, which successor administrative agent shall be consented to by the Borrower at all times other than during
the existence of an Event of Default (which consent of the Borrower shall not be unreasonably withheld or delayed). If no successor
administrative agent is appointed prior to the effective date of the resignation of the Administrative Agent, the Administrative
Agent may appoint, after consulting with the Lenders and the Borrower, a successor administrative agent from among the Lenders.
Upon the acceptance of its appointment as successor administrative agent hereunder, the Person acting as such successor administrative
agent shall succeed to all the rights, powers and duties of the retiring Administrative Agent, L/C Issuer and Swing Line Lender
and the respective terms “Administrative Agent,” “L/C Issuer” and “Swing Line Lender” thereafter
shall mean such successor administrative agent, Letter of Credit issuer and swing line lender, and the retiring Administrative
Agent’s appointment, powers and duties as Administrative Agent shall be terminated and the retiring L/C Issuer’s and
Swing Line Lender’s rights, powers and duties as such shall be terminated, without any other or further act or deed on the
part of such retiring L/C Issuer or Swing Line Lender or any other Lender, other than the obligation of the successor L/C Issuer
to issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or to
make other arrangements satisfactory to the retiring L/C Issuer to effectively assume the obligations of the retiring L/C Issuer
with respect to such Letters of Credit. After any retiring Administrative Agent’s resignation hereunder as Administrative
Agent, the provisions of this Article IX and Sections 10.04 and 10.05 shall inure to its benefit
as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Credit Agreement. If no successor
administrative agent has accepted appointment as Administrative Agent by the date thirty (30) days following a retiring Administrative
Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become
effective and the Lenders shall perform all of the duties of the Administrative Agent hereunder until such time, if any, as the
Required Lenders appoint a successor agent as provided for above.

 

9.10        Administrative
Agent May File Proofs of Claim.

 

In case of the pendency
of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial
proceeding relative to any Credit Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation
shall then be due and payable as herein expressed or by declaration or otherwise and

 

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irrespective of whether
the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding
or otherwise:

 

(a)          to
file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations
and all other Obligations (other than obligations under Swap Contracts to which the Administrative Agent is not a party) that are
owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders and
the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders
and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders and the Administrative
Agent under Sections 2.03(i), 2.09 and 10.04) allowed in such judicial proceeding; and

 

(b)          to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

 

and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender
to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of
such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses,
disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative
Agent under Sections 2.09 and 10.04.

 

Nothing contained herein shall be deemed
to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization,
arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize the Administrative
Agent to vote in respect of the claim of any Lender in any such proceeding.

 

9.11        Guaranty
Matters.

 

The Lenders irrevocably
authorize the Administrative Agent, at its option and in its discretion, to release any Person (other than Omega LP and Omega Holdco)
from its obligations under the Guaranty if (a) such Person ceases to be a Subsidiary as a result of a transaction permitted hereunder,
(b) such Person is no longer required to be a Guarantor pursuant to Section 6.15(c) or (c) such Person has been designated
as an Unrestricted Subsidiary. Upon the release of any Person pursuant to this Section 9.11, the Administrative Agent shall
(to the extent applicable) deliver to the Credit Parties, upon the Credit Parties’ request and at the Credit Parties’
expense, such documentation as is reasonably necessary to evidence the release of such Person from its obligations under the Credit
Documents.

 

9.12        Other
Agents; Arrangers and Managers.

 

None of the Lenders
or other Persons identified on the facing page or signature pages of this Credit Agreement as a “syndication agent,”
“documentation agent,” “co-agent,” “book manager,” “lead manager,” “arranger,”
“lead arranger” or “co-arranger” shall have any right, power, obligation, liability, responsibility or
duty under this Credit Agreement other than, in the

 

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case of such Lenders,
those applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders or other Persons so identified shall
have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges that it has not relied, and will
not rely, on any of the Lenders or other Persons so identified in deciding to enter into this Credit Agreement or in taking or
not taking action hereunder.

 

Article
X

MISCELLANEOUS

 

10.01      Amendments,
Etc.

 

No amendment or waiver
of, or any consent to deviation from, any provision of this Credit Agreement or any other Credit Document shall be effective unless
in writing and signed by the Borrower, the Guarantors (if applicable) and the Required Lenders and acknowledged by the Administrative
Agent, and each such amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose
for which it is given; provided, however, that:

 

(a)          unless
also signed by each Lender directly affected thereby, no such amendment, waiver or consent shall:

 

(i)          extend
or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02), it being
understood that the amendment or waiver of an Event of Default or a mandatory reduction or a mandatory prepayment in Commitments
shall not be considered an increase in Commitments,

 

(ii)         waive
non-payment or postpone any date fixed by this Credit Agreement or any other Credit Document for any payment of principal, interest,
fees or other amounts due to any Lender hereunder or under any other Credit Document,

 

(iii)        reduce
the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or any fees or other amounts payable
hereunder or under any other Credit Document; provided, however, that only the consent of the Required Lenders shall
be necessary (A) to amend the definition of “Default Rate” or to waive any obligation of the Borrower to pay interest
at the Default Rate or (B) to amend any financial covenant hereunder (or any defined term used therein) even if the effect of such
amendment would be to reduce the rate of interest on any Loan or L/C Borrowing or to reduce any fee payable hereunder,

 

(iv)        change
any provision of this Credit Agreement regarding pro rata sharing or pro rata funding with respect to (A) the making of advances
(including participations), (B) the manner of application of payments or prepayments of principal, interest, or fees, (C) the manner
of application of reimbursement obligations from drawings under Letters of Credit, or (D) the manner of reduction of commitments
and committed amounts,

 

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(v)         change
any provision of this Section 10.01(a), the definition of “Required Lenders”, the definition of “Required
Revolving Lenders” or any other provision hereof specifying the number or percentage of Lenders required to amend, waive
or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, or

 

(vi)        release
the Borrower, Omega LP, Omega Holdco or all or substantially all of the Subsidiary Guarantors from their obligations hereunder
(other than as provided herein or as appropriate in connection with transactions permitted hereunder);

 

(b)          unless
also signed by the L/C Issuer, no such amendment, waiver or consent shall affect the rights or duties of the L/C Issuer under this
Credit Agreement or any Letter of Credit Application relating to any Letter of Credit issued or to be issued by it;

 

(c)          unless
also signed by the Swing Line Lender, no such amendment, waiver or consent shall affect the rights or duties of the Swing Line
Lender under this Credit Agreement; and

 

(d)          unless
also signed by the Administrative Agent, no such amendment, waiver or consent shall affect the rights or duties of the Administrative
Agent under this Credit Agreement or any other Credit Document;

 

provided, however, that notwithstanding
anything to the contrary contained herein, (i) no Defaulting Lender shall have any right to approve or disapprove any amendment,
waiver or consent hereunder, except that, without the prior written consent of such Lender, (A) no Commitment of such Lender may
be increased or extended, (B) the terms and conditions of this proviso may not be amended or otherwise modified and (C) no other
amendment or other modification to this Agreement or any Note that would disproportionately affect a “Defaulting Lender”
may be effective, (ii) each Lender is entitled to vote as such Lender sees fit on any bankruptcy or insolvency reorganization plan
that affects the Loans, (iii) each Lender acknowledged that the provisions of Section 1126(c) of the Bankruptcy Code of the
United States supersedes the unanimous consent provisions set forth herein, (iv) the Required Lenders may consent to allow a Credit
Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and (v) a Commitment Increase Amendment to
give effect to any addition of Incremental Facilities shall be effective if executed by the Credit Parties, each Lender providing
such Incremental Facility Commitment and the Administrative Agent.

 

Notwithstanding any provision herein to
the contrary, this Agreement may be amended with the written consent of the Administrative Agent and the Borrower (i) to add
one or more Incremental Facilities to this Agreement subject to the limitations in Sections 2.01(e) and (f) and to
permit the extensions of credit and all related obligations and liabilities arising in connection therewith from time to time outstanding
to share ratably (or on a basis subordinated to the existing Loans and Commitments hereunder) in the benefits of this Agreement
and the other Credit Documents with the obligations and liabilities from time to time outstanding in respect of the existing Loans
and Commitments hereunder, and (ii) in connection with the foregoing, to permit, as deemed

 

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appropriate by the Administrative Agent,
the Lenders providing such Incremental Facilities to participate in any required vote or action required to be approved by the
Required Lenders or by any other number, percentage or class of Lenders hereunder.

 

10.02      Notices
and Other Communications; Facsimile Copies.

 

(a)          General.
Unless otherwise expressly provided herein, all notices and other communications provided for hereunder shall be in writing (including
by facsimile transmission). All such written notices shall be mailed certified or registered mail, faxed or delivered to the applicable
address, facsimile number or (subject to subsection (c) below) electronic mail address, and all notices and other communications
expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

 

(i)          if
to any Credit Party, the Administrative Agent, the L/C Issuer or the Swing Line Lender, to the address, facsimile number, electronic
mail address or telephone number specified for such Person on Schedule 10.02 or to such other address, facsimile number,
electronic mail address or telephone number as shall be designated by such party in a notice to the other parties; and

 

(ii)         if
to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative
Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by
such party in a notice to any Credit Party, the Administrative Agent, the L/C Issuer and the Swing Line Lender.

 

Notices sent by hand or overnight courier
service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by facsimile
shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be
deemed to have been given at the opening of business on the next Business Day for the recipient). Notices delivered through electronic
communications to the extent provided in subsection (b) below, shall be effective as provided in such subsection (b).

 

(b)          Electronic
Communications. Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communication
(including e-mail, FpML messaging and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent;
provided, that the foregoing shall not apply to notices to any Lender pursuant to Article II if such Lender has notified
the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative
Agent or the Borrower may, in its respective discretion, agree to accept notices and other communications to it hereunder by electronic
communications pursuant to procedures approved by it; provided, that approval of such procedures may be limited to particular
notices or communications.

 

(c)          The
Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW)
DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER

 

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MATERIALS OR
THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY
OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT
OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER
MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent
Parties”) have any liability to the Borrower, any Lender, the L/C Issuer or any other Person for losses, claims, damages,
liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative
Agent’s transmission of Borrower Materials or notices through the Platform, any other electronic platform or electronic messaging
service, or through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined
by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from the gross negligence or willful
misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have any liability to the
Borrower, any Lender, the L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as
opposed to direct or actual damages).

 

(d)          Effectiveness
of Facsimile Documents and Signatures. Credit Documents may be transmitted and/or signed by facsimile. The effectiveness of
any such documents and signatures shall, subject to applicable Law, have the same force and effect as manually-signed originals
and shall be binding on all Credit Parties, the Administrative Agent and the Lenders. The Administrative Agent may also require
that any such documents and signatures be confirmed by a manually-signed original thereof; provided, however, that
the failure to request or deliver the same shall not limit the effectiveness of any facsimile document or signature.

 

(e)          Reliance
by Administrative Agent and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon any notices
(including telephonic notices permitted under Section 2.02(a)) purportedly given by or on behalf of the Borrower even if
(i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other
form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof.
The Borrower shall indemnify each Agent-Related Person and each Lender from all losses, costs, expenses and liabilities resulting
from the reliance by such Person on each notice purportedly given by or on behalf of the Borrower. All telephonic notices to and
other communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto
hereby consents to such recording.

 

(f)           Change
of Address, Etc. Each of the Borrower, the Administrative Agent, the L/C Issuer and the Swing Line Lender may change its address,
telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other
Lender may change its address, telecopier or telephone 

 

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number
for notices and other communications hereunder by notice to the Borrower, the Administrative Agent, the L/C Issuer and the
Swing Line Lender. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the
Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic
mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender.

 

10.03      No
Waiver; Cumulative Remedies.

 

No failure by any Lender
or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder
shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies,
powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided
by law.

 

Notwithstanding anything
to the contrary contained herein or in any other Credit Document, the authority to enforce rights and remedies hereunder and under
the other Credit Documents against the Credit Parties or any of them shall be vested exclusively in, and all actions and proceedings
at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance
with Section 8.02 for the benefit of all the Lenders; provided, however, that the foregoing shall not prohibit
(a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its
capacity as Administrative Agent) hereunder and under the other Credit Documents, (b) the L/C Issuer or the Swing Line Lender from
exercising the rights and remedies that inure to its benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as the
case may be) hereunder and under the other Credit Documents, (c) any Lender from exercising setoff rights in accordance with Section
10.09 (subject to the terms of Section 2.12), or (d) any Lender from filing proofs of claim or appearing and filing
pleadings on its own behalf during the pendency of a proceeding relative to any Credit Party under any Debtor Relief Law; and provided,
further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Credit Documents,
then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 8.02
and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.12,
any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by
the Required Lenders.

 

10.04      Attorney
Costs, Expenses and Taxes.

 

The Credit Parties
agree (a) to pay directly to the provider thereof or to pay or reimburse the Administrative Agent for all reasonable and documented
costs and expenses incurred in connection with the development, preparation, negotiation and execution of this Credit Agreement
and the other Credit Documents, the preservation of any rights or remedies under this Credit Agreement and the other Credit Documents,
and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions
contemplated hereby or thereby are consummated), and the consummation and administration of the transactions contemplated hereby
and thereby, including all Attorney Costs and (b) to pay or

 

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reimburse the Administrative
Agent and each Lender for all reasonable costs and expenses incurred following an Event of Default in connection with the enforcement,
attempted enforcement, or preservation of any rights or remedies under this Credit Agreement or the other Credit Documents (including
all such costs and expenses incurred during any “workout” or restructuring in respect of the Obligations and during
any legal proceeding, including any proceeding under any Debtor Relief Law), including all Attorney Costs. The foregoing costs
and expenses shall include all search, filing, recording, title insurance and appraisal charges and fees and taxes related thereto,
and other reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and the reasonable and documented
cost of independent public accountants and other outside experts retained by the Administrative Agent or any Lender. All amounts
due under this Section 10.04 shall be payable within twenty (20) Business Days after written invoice therefor is received
by the Borrower. The agreements in this Section shall survive the termination of the Commitments and repayment of all other
Obligations.

 

10.05      Indemnification.

 

The Credit Parties
shall indemnify and hold harmless each Agent-Related Person, each Lender and their respective Affiliates, directors, officers,
employees, counsel, agents, trustees, advisors and attorneys-in-fact (collectively the “Indemnitees”) from and
against any and all liabilities, obligations, losses, damages, penalties, claims, litigation, investigation, proceeding, demands,
actions, judgments, suits, costs, expenses and disbursements (including Attorney Costs) of any kind or nature whatsoever (subject
to the provisions of Section 3.01 with respect to Taxes and Other Taxes) that may at any time be imposed on, incurred
by or asserted against any such Indemnitee (whether by a Credit Party or any other party) in any way relating to or arising out
of or in connection with (a) the execution, delivery, enforcement, performance or administration of any Credit Document or any
other agreement, letter or instrument delivered in connection with the transactions contemplated thereby or the consummation of
the transactions contemplated thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related
Parties only, the administration of this Agreement and the other Credit Documents, (b) any Commitment, Loan or Letter of Credit
or the use or proposed use of the proceeds therefrom (including any refusal by the L/C Issuer to honor a demand for payment under
a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter
of Credit), or (c) any actual or threatened claim, litigation, investigation or proceeding relating to any of the foregoing, whether
based on contract, tort or any other theory (including any investigation of, preparation for, or defense of any pending or threatened
claim, investigation, litigation or proceeding) and regardless of whether any Indemnitee is a party thereto (all the foregoing,
collectively, the “Indemnified Liabilities”); provided, that such indemnification shall not, as to any
Indemnitee, be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, litigation, investigation,
proceeding, demands, actions, judgments, suits, costs, expenses or disbursements are determined to have resulted from the gross
negligence or willful misconduct of any Indemnitee. No Indemnitee shall be liable for any damages arising from the use by others
of any information or other materials obtained through SyndTrak or other similar information transmission systems in connection
with this Credit Agreement, and no Indemnitee shall have any liability for any indirect or consequential damages relating to this
Credit Agreement or any other Credit Document or arising out of its activities in connection herewith or therewith (whether before
or after the Closing Date). All amounts that may become due under this Section 10.05 shall be

 

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payable within twenty
(20) Business Days after written invoice therefor is received by the Borrower. The agreements in this Section 10.05
shall survive the resignation of the Administrative Agent, the assignment by any Lender of any of its interests hereunder, the
replacement of any Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all the other Obligations.

 

10.06      Payments
Set Aside.

 

To the extent that
any payment by or on behalf of the Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent or any
Lender exercises its right of set-off, and such payment or the proceeds of such set-off or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative
Agent or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding
under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended
to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such set-off had
not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount
so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment
is made at a rate per annum equal to the Federal Funds Rate from time to time in effect.

 

10.07      Successors
and Assigns.

 

(a)          The
provisions of this Credit Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns permitted hereby, except that neither the Borrower nor any other Credit Party may assign or otherwise transfer any
of its rights or obligations hereunder without the prior written consent of each Lender and no Lender may assign or otherwise transfer
any of its rights or obligations hereunder except (i) to an Eligible Assignee in accordance with the provisions of subsection (b)
of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii)
by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) or (i) of this Section
(and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Credit Agreement,
expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors
and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly
contemplated hereby, the Indemnitees) any legal or equitable right, remedy or claim under or by reason of this Credit Agreement.

 

(b)          Any
Lender may at any time, with notice to the Borrower and, unless (1) an Event of Default has occurred and is continuing at the time
of such assignment or (2) the assignment is to a Lender, an Affiliate of such Lender or an Approved Fund, the consent of the Borrower
(such consent not to be unreasonably withheld or delayed), assign to one or more Eligible Assignees all or a portion of its rights
and obligations under this Credit Agreement (including all or a portion of its Commitment and the Loans (including for purposes
of this subsection (b), participations in L/C Obligations and in

 

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Swing Line
Loans) at the time owing to it); provided, that (i) except in the case of an assignment of the entire remaining amount of
the assigning Lender’s Commitment and the Loans at the time owing to it or in the case of an assignment to a Lender or an
Affiliate of a Lender or an Approved Fund with respect to a Lender, the aggregate amount of the Commitment (which for this purpose
includes Loans outstanding thereunder) subject to each such assignment, determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment
and Assumption, as of the Trade Date, shall not be less than $5,000,000 unless each of the Administrative Agent and, so long as
no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld
or delayed) provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments
from members of an Assignee Group to a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group)
will be treated as a single assignment for purposes of determining whether such minimum amount has been met; (ii) each partial
assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under
this Credit Agreement with respect to the Loans or the Commitment assigned, except that this clause (ii) shall not apply to
rights in respect of Swing Line Loans; (iii) any assignment of a Commitment must be approved by the Administrative Agent and,
with respect to any assignment of a Revolving Commitment, the L/C Issuer and the Swing Line Lender (each such consent not to be
unreasonably withheld or delayed), unless the Person that is the proposed assignee is itself a Lender (whether or not the proposed
assignee would otherwise qualify as an Eligible Assignee); (iv) the parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided,
however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in
the case of any assignment and (v) no such assignment shall be made to (A) the Borrower or any of the Borrower’s Affiliates
or Subsidiaries, (B) any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would
constitute any of the foregoing Persons described in this clause (B), or (C) a natural person. In connection with any assignment
of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition
to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative
Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by
the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the
Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting
Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment
liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon)
and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swing
Line Loans in accordance with its Revolving Commitment Percentage. Notwithstanding the foregoing, in the event that any assignment
of rights and obligations of any Defaulting Lender hereunder shall become effective under

 

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applicable
Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting
Lender for all purposes of this Agreement until such compliance occurs. Subject to acceptance and recording thereof by the Administrative
Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption,
the Eligible Assignee thereunder shall be a party to this Credit Agreement and, to the extent of the interest assigned by such
Assignment and Assumption, have the rights and obligations of a Lender under this Credit Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Credit
Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations
under this Credit Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of
Sections 3.01, 3.04, 3.05, 10.04 and 10.05 with respect to facts and circumstances occurring
prior to the effective date of such assignment). Upon request, the Borrower (at its expense) shall execute and deliver a Note to
the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Credit Agreement that does not
comply with this subsection shall be treated for purposes of this Credit Agreement as a sale by such Lender of a participation
in such rights and obligations in accordance with subsection (d) of this Section.

 

(c)          The
Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at the Administrative Agent’s
Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of
the Lenders, and the Commitments of, and principal amounts of the Loans and L/C Obligations owing to, each Lender pursuant to the
terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest
error, and the Borrower, the Administrative Agent and the Lenders may treat each Person whose name is recorded in the Register
pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary.
In addition, the Administrative Agent shall maintain on the Register information regarding the designation, and revocation of designation,
of any Lender as a Defaulting Lender. The Register shall be available for inspection by the Borrower at any reasonable time and
from time to time upon reasonable prior notice. In addition, at any time that a request for a consent for a material or other substantive
change to the Credit Documents is pending, any Lender wishing to consult with other Lenders in connection therewith may request
and receive from the Administrative Agent a copy of the Register.

 

(d)          Any
Lender may at any time, without the consent of, or notice to, the Borrower, the Administrative Agent, the L/C Issuer or the Swing
Line Lender, sell participations to any Person (other than a natural person or the Borrower or any of the Borrower’s Affiliates
or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations
under this Credit Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s participations
in L/C Obligations and/or Swing Line Loans) owing to it); provided, that (i) such Lender’s obligations under this
Credit Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance
of such obligations and (iii) the Borrower, the Administrative Agent and the other Lenders shall

 

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continue to
deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Credit Agreement.
Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the
sole right to enforce this Credit Agreement and to approve any amendment, modification or waiver of any provision of this Credit
Agreement; provided, that such agreement or instrument may provide that such Lender will not, without the consent of the
Participant, agree to any amendment, waiver or other modification that extends the time for, reduces the amount or alters the application
of proceeds with respect to such obligations and payments required therein that directly affects such Participant. Subject to subsection (e)
of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04
and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b)
of this Section. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.09
as though it were a Lender; provided, such Participant agrees to be subject to Section 2.12 as though it were
a Lender.

 

(e)          A
Participant shall not be entitled to receive any greater payment under Section 3.01 or 3.04 than the applicable
Lender would have been entitled to receive with respect to the participation sold to such Participant. A Participant that would
be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Borrower is
notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply
with Section 10.15 as though it were a Lender.

 

(f)           Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Credit Agreement (including
under its Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal
Reserve Bank; provided, that no such pledge or assignment shall release such Lender from any of its obligations hereunder
or substitute any such pledgee or assignee for such Lender as a party hereto.

 

(g)          Notwithstanding
anything to the contrary contained herein, any Lender that is a Fund may (without notice to or the consent of any of the parties
hereto) create a security interest in all or any portion of the Loans owing to it and the Note, if any, held by it to the trustee
for holders of obligations owed, or securities issued, by such Fund as security for such obligations or securities; provided,
that unless and until such trustee actually becomes a Lender in compliance with the other provisions of this Section 10.07,
(i) no such pledge shall release the pledging Lender from any of its obligations under the Credit Documents and (ii) such trustee
shall not be entitled to exercise any of the rights of a Lender under the Credit Documents even though such trustee may have acquired
ownership rights with respect to the pledged interest through foreclosure or otherwise.

 

(h)          Notwithstanding
anything to the contrary contained herein, if at any time Bank of America assigns all of its Commitment and Loans pursuant to subsection (b)
above, Bank of America may, (i) upon thirty (30) days’ notice to the Borrower and the Lenders, resign as L/C Issuer
and/or (ii) upon thirty (30) days’ notice to the Borrower, resign as Swing Line Lender. In the event of any such resignation
as L/C Issuer or Swing

 

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Line Lender,
the Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swing Line Lender hereunder (with the
consent of the Lender so-appointed); provided, however, that no failure by the Borrower to appoint any such successor
shall affect the resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case may be. If Bank of America resigns
as L/C Issuer, it shall retain all the rights and obligations of the L/C Issuer hereunder with respect to all Letters of Credit
outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the
right to require the Lenders to make Revolving Loans that are Base Rate Loans or fund risk participations in Unreimbursed Amounts
pursuant to Section 2.03(c)). If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the
Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of
such resignation, including the right to require the Lenders to make Revolving Loans that are Base Rate Loans or fund risk participations
in outstanding Swing Line Loans pursuant to Section 2.04(b).

 

10.08      Confidentiality.

 

Each of the Administrative
Agent and the Lenders agrees to maintain the confidentiality of Confidential Information, except that Confidential Information
may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel
and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature
of such Confidential Information and instructed to keep such Confidential Information confidential); (b) to the extent requested
by any regulatory authority or self regulatory body; (c) to the extent required by applicable Law or regulations or by any subpoena
or similar legal process; (d) to any other party to this Credit Agreement; (e) in connection with the exercise of any remedies
hereunder or any suit, action or proceeding relating to this Credit Agreement or the enforcement of rights hereunder (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Confidential Information
and instructed to keep such Confidential Information confidential); (f) subject to an agreement containing provisions substantially
the same as those of this Section, to (i) any Eligible Assignee of or Participant in, or any prospective Eligible Assignee of or
Participant in, any of its rights or obligations under this Credit Agreement or (ii) any direct or indirect contractual counterparty
or prospective counterparty (or such contractual counterparty’s or prospective counterparty’s professional advisor)
to any credit derivative transaction relating to obligations of the Credit Parties; (g) with the consent of the Borrower; (h) to
the extent such Confidential Information (i) becomes publicly available other than as a result of a breach of this Section
or (ii) becomes available to the Administrative Agent or any Lender on a nonconfidential basis from a source other than the Borrower;
(i) to the National Association of Insurance Commissioners or any other similar organization (it being understood that the Persons
to whom such disclosure is made will be informed of the confidential nature of such Confidential Information and instructed to
keep such Confidential Information confidential); or (j) to any nationally recognized rating agency that requires access to a Lender’s
or an Affiliate’s investment portfolio in connection with ratings issued with respect to such Lender or Affiliate. In addition,
the Administrative Agent and the Lenders may disclose the existence of this Credit Agreement and information about this Credit
Agreement to market data collectors, similar service providers to the lending industry, and service providers to the Administrative
Agent and

 

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the Lenders in connection
with the administration and management of this Credit Agreement, the other Credit Documents, the Commitments, and the Extension
of Credits. Any Person required to maintain the confidentiality of Confidential Information as provided in this Section shall
be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the
confidentiality of such Confidential Information as such Person would accord to its own confidential information. “Confidential
Information” means all information received from any Credit Party relating to any Credit Party, any of the other Consolidated
Parties, or its or their business, other than any such information that is available to the Administrative Agent or any Lender
on a nonconfidential basis prior to disclosure by any Credit Party; provided, that, in the case of information received
from a Credit Party after the date hereof, such information is clearly identified in writing at the time of delivery as confidential.

 

Each of the Administrative
Agent, the Lenders and the L/C Issuer acknowledges that (a) the Confidential Information may include material non-public information
concerning the Borrower or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material
non-public information and (c) it will handle such material non-public information in accordance with applicable Law, including
Federal and state securities Laws.

 

10.09      Set-off.

 

In addition to any
rights and remedies of the Lenders provided by law, upon the occurrence and during the continuance of any Event of Default, each
Lender and each of its Affiliates are authorized at any time and from time to time, without prior notice to the Borrower or any
other Credit Party, any such notice being waived by the Borrower (on their own behalf and on behalf of each Credit Party) to the
fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or
final) at any time held by, and other indebtedness at any time owing by, such Lender or Affiliate to or for the credit or the account
of the respective Credit Parties against any and all Obligations owing to such Lender hereunder or under any other Credit Document,
now or hereafter existing, irrespective of whether or not the Administrative Agent or such Lender shall have made demand under
this Credit Agreement or any other Credit Document and although such Obligations may be contingent or unmatured or denominated
in a currency different from that of the applicable deposit or indebtedness; provided, that in the event that any Defaulting
Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative
Agent for further application in accordance with the provisions of Section 2.15 and, pending such payment, shall be segregated
by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent and the Lenders,
and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the
Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, the L/C Issuer
and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff)
that such Lender, the L/C Issuer or their respective Affiliates may have. Each Lender and the L/C Issuer agrees to notify the Borrower
and the Administrative Agent promptly after any such setoff and application; provided, that the failure to give such notice
shall not affect the validity of such setoff and application.

 

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10.10      Interest
Rate Limitation.

 

Notwithstanding anything
to the contrary contained in any Credit Document, the interest paid or agreed to be paid under the Credit Documents shall not exceed
the maximum rate of non-usurious interest permitted by applicable Law (the “Maximum Rate”). If the Administrative
Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to
the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In determining whether the interest
contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the
extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than
interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or
unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

 

10.11      Counterparts.

 

This Credit Agreement
may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute
one and the same instrument.

 

10.12      Integration.

 

This Credit Agreement,
together with the other Credit Documents, comprises the complete and integrated agreement of the parties on the subject matter
hereof and thereof and supersedes all prior agreements, written or oral, on such subject matter. In the event of any conflict between
the provisions of this Credit Agreement and those of any other Credit Document, the provisions of this Credit Agreement shall control;
provided, that the inclusion of specific supplemental rights or remedies in favor of the Administrative Agent or the Lenders
in any other Credit Document shall not be deemed a conflict with this Credit Agreement. Each Credit Document was drafted with the
joint participation of the respective parties thereto and shall be construed neither against nor in favor of any party, but rather
in accordance with the fair meaning thereof.

 

10.13      Survival
of Representations and Warranties.

 

All representations
and warranties made hereunder and in any other Credit Document or other document delivered pursuant hereto or thereto or in connection
herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been
or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative
Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge
of any Default or Event of Default at the time of any Extension of Credit, and shall continue in full force and effect as long
as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding.

 

10.14      Severability.

 

If any provision of
this Credit Agreement or the other Credit Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity
and enforceability of the remaining

 

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provisions of this Credit
Agreement and the other Credit Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith
negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes
as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular
jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

10.15      Tax
Forms.

 

(a)          (i)
Each Lender that is not a “United States person” within the meaning of Section 7701(a)(30) of the Internal Revenue
Code (a “Foreign Lender”) shall deliver to the Administrative Agent, prior to receipt of any payment subject
to withholding under the Internal Revenue Code (or upon accepting an assignment of an interest herein), two duly signed completed
copies of either IRS Form W-8BEN or any successor thereto (relating to such Foreign Lender and entitling it to an exemption
from, or reduction of, withholding tax on all payments to be made to such Foreign Lender by the Borrower pursuant to this Credit
Agreement) or IRS Form W-8ECI or any successor thereto (relating to all payments to be made to such Foreign Lender by the
Borrower pursuant to this Credit Agreement) or such other evidence satisfactory to the Borrower and the Administrative Agent that
such Foreign Lender is entitled to an exemption from, or reduction of, U.S. withholding tax, including any exemption pursuant to
Section 881(c) of the Internal Revenue Code. Thereafter and from time to time, each such Foreign Lender shall (A) promptly
submit to the Administrative Agent such additional duly completed and signed copies of one of such forms (or such successor forms
as shall be adopted from time to time by the relevant United States taxing authorities) as may then be available under then current
United States laws and regulations to avoid, or such evidence as is satisfactory to the Borrower and the Administrative Agent of
any available exemption from or reduction of, United States withholding taxes in respect of all payments to be made to such Foreign
Lender by the Borrower pursuant to this Credit Agreement, (B) promptly notify the Administrative Agent of any change in circumstances
that would modify or render invalid any claimed exemption or reduction, and (C) take such steps as shall not be materially disadvantageous
to it, in the reasonable judgment of such Lender, and as may be reasonably necessary (including the re-designation of its Lending
Office) to avoid any requirement of applicable Law that the Borrower make any deduction or withholding for taxes from amounts payable
to such Foreign Lender.

 

(ii)         Each
Foreign Lender, to the extent it does not act or ceases to act for its own account with respect to any portion of any sums paid
or payable to such Lender under any of the Credit Documents (for example, in the case of a typical participation by such Lender),
shall deliver to the Administrative Agent on the date when such Foreign Lender ceases to act for its own account with respect to
any portion of any such sums paid or payable, and at such other times as may be necessary in the determination of the Administrative
Agent (in the reasonable exercise of its discretion), (A) two duly signed completed copies of the forms or statements required
to be provided by such Lender as set forth above, to establish the portion of any such sums paid or payable with respect to which
such Lender

 

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acts for its
own account that is not subject to U.S. withholding tax, and (B) two duly signed completed copies of IRS Form W-8IMY (or any
successor thereto), together with any information such Lender chooses to transmit with such form, and any other certificate or
statement of exemption required under the Internal Revenue Code, to establish that such Lender is not acting for its own account
with respect to a portion of any such sums payable to such Lender.

 

(iii)        The
Borrower shall not be required to pay any additional amount to any Foreign Lender under Section 3.01 (A) with respect
to any Taxes required to be deducted or withheld on the basis of the information, certificates or statements of exemption such
Lender transmits with an IRS Form W-8IMY pursuant to this Section 10.15(a) or (B) if such Lender shall have failed
to satisfy the foregoing provisions of this Section 10.15(a); provided, that if such Lender shall have satisfied
the requirement of this Section 10.15(a) on the date such Lender became a Lender or ceased to act for its own account
with respect to any payment under any of the Credit Documents, nothing in this Section 10.15(a) shall relieve the Borrower
of their obligation to pay any amounts pursuant to Section 3.01 in the event that, as a result of any change in any
applicable Law, treaty or governmental rule, regulation or order, or any change in the interpretation, administration or application
thereof, such Lender is no longer properly entitled to deliver forms, certificates or other evidence at a subsequent date establishing
the fact that such Lender or other Person for the account of which such Lender receives any sums payable under any of the Credit
Documents is not subject to withholding or is subject to withholding at a reduced rate.

 

(b)          Upon
the request of the Administrative Agent, each Lender that is a “United States person” within the meaning of Section 7701(a)(30)
of the Internal Revenue Code shall deliver to the Administrative Agent two duly signed completed copies of IRS Form W-9. If
such Lender fails to deliver such forms, then the Administrative Agent may withhold from any interest payment to such Lender an
amount equivalent to the applicable back-up withholding tax imposed by the Internal Revenue Code, without reduction.

 

(c)          If
a payment made to a Lender under any Credit Document would be subject to U.S. federal withholding Tax imposed by FATCA if such
Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b)
or 1472(b) of the Internal Revenue Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent
at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent
such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code)
and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the
Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied
with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for
purposes of this clause (c), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

 

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10.16      Replacement
of Lenders.

 

To the extent that
Section 3.06(b) provides that the Borrower shall have the right to replace a Lender as a party to this Credit Agreement,
or if any Lender is a Defaulting Lender, the Borrower may, upon notice to such Lender and the Administrative Agent, replace such
Lender by causing such Lender to assign its Commitment (with the related assignment fee to be paid by the Borrower) pursuant to
Section 10.07(b) to one or more Eligible Assignees procured by the Borrower; provided, however, that
if the Borrower elects to exercise such right with respect to any Lender pursuant to such Section 3.06(b), they shall
be obligated to replace all Lenders that have made similar requests for compensation pursuant to Section 3.01 or 3.04.
The Borrower shall pay in full all principal, interest, fees and other amounts owing to such Lender through the date of replacement
(including any amounts payable pursuant to Section 3.05). Any Lender being replaced shall execute and deliver an Assignment
and Assumption with respect to such Lender’s Commitment and outstanding Loans and participations in L/C Obligations and Swing
Line Loans.

 

10.17      No
Advisory or Fiduciary Responsibility.

 

In connection with
all aspects of each transaction contemplated hereby, the Borrower acknowledges and agrees, and acknowledges its respective Affiliates’
understanding, that: (a) the credit facility provided for hereunder and any related arranging or other services in connection therewith
(including in connection with any amendment, waiver or other modification hereof or of any other Credit Document) are an arm’s-length
commercial transaction between the Borrower and its respective Affiliates, on the one hand, and the Administrative Agent, the Arranger
and the Lenders, on the other hand, and each Credit Party is capable of evaluating and understanding and understands and accepts
the terms, risks and conditions of the transactions contemplated hereby and by the other Credit Documents (including any amendment,
waiver or other modification hereof or thereof); (b) in connection with the process leading to such transaction, the Administrative
Agent and the Arranger each is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary,
for the Borrower or any of its respective Affiliates, stockholders, creditors or employees or any other Person; (c) neither the
Administrative Agent nor the Arranger has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the
Borrower with respect to any of the transactions contemplated hereby or the process leading thereto, including with respect to
any amendment, waiver or other modification hereof or of any other Credit Document (irrespective of whether the Administrative
Agent or the Arranger has advised or is currently advising the Borrower or any of its respective Affiliates on other matters) and
neither the Administrative Agent nor the Arranger has any obligation to the Borrower or any of its respective Affiliates with respect
to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Credit Documents;
(d) the Administrative Agent and the Arranger and their respective Affiliates may be engaged in a broad range of transactions that
involve interests that differ from those of the Borrower and its respective Affiliates, and neither the Administrative Agent nor
the Arranger has any obligation to disclose any of such interests by virtue of any advisory, agency or fiduciary relationship;
and (e) the Administrative Agent and the Arranger have not provided and will not provide any legal, accounting, regulatory
or tax advice with respect to any of the transactions contemplated hereby (including any amendment, waiver or other modification

 

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hereof or of any other
Credit Document) and each Credit Party has consulted its own legal, accounting, regulatory and tax advisors to the extent it has
deemed appropriate. Each Credit Party hereby waives and releases, to the fullest extent permitted by law, any claims that it may
have against the Administrative Agent and the Arranger with respect to any breach or alleged breach of agency or fiduciary duty.

 

10.18      Source
of Funds.

 

Each of the Lenders
hereby represents and warrants to the Borrower that at least one of the following statements is an accurate representation as to
the source of funds to be used by such Lender in connection with the financing hereunder:

 

(a)          no
part of such funds constitutes assets allocated to any separate account maintained by such Lender in which any employee benefit
plan (or its related trust) has any interest;

 

(b)          to
the extent that any part of such funds constitutes assets allocated to any separate account maintained by such Lender, such Lender
has disclosed to the Borrower the name of each employee benefit plan whose assets in such account exceed ten percent (10%) of the
total assets of such account as of the date of such purchase (and, for purposes of this subsection (b), all employee benefit
plans maintained by the same employer or employee organization are deemed to be a single plan);

 

(c)          to
the extent that any part of such funds constitutes assets of an insurance company’s general account, such insurance company
has complied with all of the requirements of the regulations issued under Section 401(c)(1)(A) of ERISA; or

 

(d)          such
funds constitute assets of one or more specific benefit plans that such Lender has identified in writing to the Borrower.

 

As used in this Section, the terms “employee
benefit plan” and “separate account” shall have the respective meanings provided in Section 3 of ERISA.

 

10.19      GOVERNING
LAW.

 

(a)          THIS
AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, the LAW OF THE
STATE OF NEW YORK applicable to agreements made and to be performed entirely within such
State, WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES; PROVIDED, THAT THE ADMINISTRATIVE Agent
AND EACH LENDER SHALL RETAIN ALL RIGHTS ARISING UNDER FEDERAL LAW.

 

(b)          ANY
LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT MAY BE BROUGHT IN THE COURTS OF THE STATE
OF NEW YORK SITTING IN NEW YORK COUNTY OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE, AND BY EXECUTION AND DELIVERY
OF THIS AGREEMENT, THE BORROWER, THE CREDIT PARTIES, THE ADMINISTRATIVE Agent AND

 

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EACH LENDER
CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWER, THE CREDIT
PARTIES, THE ADMINISTRATIVE Agent AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION,
INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER
HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY CREDIT DOCUMENT OR OTHER DOCUMENT RELATED
THERETO. EACH OF THE BORROWER, THE CREDIT PARTIES, THE ADMINISTRATIVE Agent AND
EACH LENDER WAIVES PERSONAL SERVICE OF ANY SUMMONS, COMPLAINT OR OTHER PROCESS, WHICH MAY BE MADE BY ANY OTHER MEANS PERMITTED
BY THE LAW OF SUCH STATE.

 

10.20      WAIVER
OF RIGHT TO TRIAL BY JURY.

 

EACH PARTY TO THIS
AGREEMENT HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION ARISING UNDER ANY
CREDIT DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH
RESPECT TO ANY CREDIT DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND
WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION
OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART
OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR
RIGHT TO TRIAL BY JURY.

 

10.21      No
Conflict.

 

To the extent there
is any conflict or inconsistency between the provisions hereof and the provisions of any other Credit Document, this Credit Agreement
shall control.

 

10.22      USA
Patriot Act Notice.

 

Each Lender and the
Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrower that pursuant to the requirements
of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”),
it is required to obtain, verify and record information that identifies the Borrower (and to the extent applicable, the other Credit
Parties), which information includes the name and address of the Borrower (and to the extent applicable, the other Credit Parties)
and other information that will allow such Lender or the Administrative Agent, as applicable, to identify the Borrower (and to
the extent applicable, the other Credit Parties) in accordance with the Act. The Borrower shall, promptly following a request by
the Administrative Agent or any Lender, provide all documentation and other information that the Administrative Agent or such Lender
reasonably requests in order to comply

 

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with its ongoing obligations
under applicable “know your customer” and anti-money laundering rules and regulations, including the Act.

 

10.23      Electronic
Execution of Assignments and Certain Other Documents.

 

The words “execute,”
“execution,” “signed,” “signature” and words of like import in or related to any document to
be signed in connection with this Agreement and the transaction contemplated hereby (including without limitation Assignment and
Assumptions, amendments or other modifications, Loan Notices, waivers and consents) shall be deemed to include electronic signatures
or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a
manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided
for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State
Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided
that notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligations to agree to accept
electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures
approved by it.

 

10.24      Entire
Agreement.

 

This Credit Agreement
and the other Credit Documents represent the final agreement AMONG the parties and may not be contradicted by evidence of prior,
contemporaneous, or subsequent oral agreements of the parties. There are no unwritten oral agreements AMONG the parties.

 

Article
XI

GUARANTY

 

11.01      The
Guaranty.

 

(a)          Each
of the Guarantors, unless released pursuant to Section 6.15(c) and Section 9.11, hereby jointly and severally guarantees to the
Administrative Agent and each of the holders of the Obligations, as hereinafter provided, as primary obligor and not as surety,
the prompt payment of the Obligations (the “Guaranteed Obligations”) in full when due (whether at stated maturity,
as a mandatory prepayment, by acceleration, as a mandatory Cash Collateralization or otherwise) strictly in accordance with the
terms thereof. The Guarantors hereby further agree that if any of the Guaranteed Obligations are not paid in full when due (whether
at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory Cash Collateralization or otherwise), the Guarantors
will, jointly and severally, promptly pay the same, without any demand or notice whatsoever, and that in the case of any extension
of time of payment or renewal of any of the Guaranteed Obligations, the same will be promptly paid in full when due (whether at
extended maturity, as a mandatory prepayment, by acceleration, as a mandatory Cash Collateralization or otherwise) in accordance
with the terms of such extension or renewal.

 

(b)          Notwithstanding
any provision to the contrary contained herein, in any of the other Credit Documents or Swap Contracts, if any Guarantor is deemed
to have

 

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been rendered
insolvent as a result of its guarantee obligations under this Section 11.01 and not to have received reasonable equivalent
value in exchange therefor, then, in such an event, the liability of such Guarantor under this Section 11.01 shall be limited
to the maximum amount of the Obligations of the Borrower that such Guarantor may guaranty without rendering the obligations of
such Guarantor under this Section 11.01 void or voidable under any fraudulent conveyance or fraudulent transfer law.

 

11.02      Obligations
Unconditional.

 

The obligations of
the Guarantors under Section 11.01 are joint and several, absolute and unconditional, irrespective of the value, genuineness,
validity, regularity or enforceability of any of the Credit Documents, other documents relating to the Obligations, or Swap Contracts,
or any other agreement or instrument referred to therein, or any substitution, compromise, release, impairment or exchange of any
other guarantee of or security for any of the Guaranteed Obligations, and, to the fullest extent permitted by applicable Laws,
irrespective of any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or defense of
a surety or guarantor, it being the intent of this Section 11.02 that the obligations of the Guarantors hereunder shall
be absolute and unconditional under any and all circumstances. Each Guarantor agrees that such Guarantor shall have no right of
subrogation, indemnity, reimbursement or contribution against the Borrower or any other Guarantor for amounts paid under this Article XI
until such time as the Obligations have been irrevocably paid in full and the Commitments relating thereto have expired or been
terminated. Without limiting the generality of the foregoing, it is agreed that, to the fullest extent permitted by applicable
Laws, the occurrence of any one or more of the following shall not alter or impair the liability of any Guarantor hereunder, which
shall remain absolute and unconditional as described above:

 

(a)          at
any time or from time to time, without notice to any Guarantor, the time for any performance of or compliance with any of the Guaranteed
Obligations shall be extended, or such performance or compliance shall be waived;

 

(b)          any
of the acts mentioned in any of the provisions of any of the Credit Documents, other documents relating to the Guaranteed Obligations,
or any Swap Contract between any Credit Party and any Lender, or any Affiliate of a Lender or any other agreement or instrument
referred to in the Credit Documents, other documents relating to the Guaranteed Obligations, or such Swap Contracts shall be done
or omitted;

 

(c)          the
maturity of any of the Guaranteed Obligations shall be accelerated, or any of the Obligations shall be modified, supplemented or
amended in any respect, or any right under any of the Credit Documents, other documents relating to the Guaranteed Obligations,
or any Swap Contract between any Credit party and any Lender, or any Affiliate of a Lender, or any other agreement or instrument
referred to in the Credit Documents, other documents relating to the Guaranteed Obligations, or any Swap Contract shall be waived
or any other guarantee of any of the Guaranteed Obligations or any security therefor shall be released, impaired or exchanged in
whole or in part or otherwise dealt with;

 

    	127

    	 

    

 

(d)          any
Lien granted to, or in favor of, the Administrative Agent or any of the holders of the Guaranteed Obligations as security for any
of the Guaranteed Obligations shall fail to attach or be perfected; or

 

(e)          any
of the Guaranteed Obligations shall be determined to be void or voidable (including for the benefit of any creditor of any Guarantor)
or shall be subordinated to the claims of any Person (including any creditor of any Guarantor).

 

With respect to its
obligations hereunder, each Guarantor hereby expressly waives diligence, presentment, demand of payment, protest notice of acceptance
of the guaranty given hereby and of extensions of credit that may constitute Guaranteed Obligations, notices of amendments, waivers
and supplements to the Credit Documents and other documents relating to the Guaranteed Obligations, or the compromise, release
or exchange of collateral or security, and all notices whatsoever, and any requirement that the Administrative Agent or any holder
of the Guaranteed Obligations exhaust any right, power or remedy or proceed against any Person under any of the Credit Documents
or any other documents relating to the Guaranteed Obligations or any other agreement or instrument referred to therein, or against
any other Person under any other guarantee of, or security for, any of the Obligations.

 

11.03      Reinstatement.

 

Neither the Guarantors’
obligations hereunder nor any remedy for the enforcement thereof shall be impaired, modified, changed or released in any manner
whatsoever by an impairment, modification, change, release or limitation of the liability of the Borrower, by reason of the Borrower’s
bankruptcy or insolvency or by reason of the invalidity or unenforceability of all or any portion of the Guaranteed Obligations.
The obligations of the Guarantors under this Article XI shall be automatically reinstated if and to the extent that
for any reason any payment by or on behalf of any Person in respect of the Guaranteed Obligations is rescinded or must be otherwise
restored by any holder of any of the Obligations, whether as a result of any proceedings pursuant to any Debtor Relief Law or otherwise,
and each Guarantor agrees that it will indemnify the Administrative Agent and each holder of Guaranteed Obligations on demand for
all reasonable costs and expenses (including all reasonable fees, expenses and disbursements of any law firm or other counsel)
incurred by the Administrative Agent or such holder of Guaranteed Obligations in connection with such rescission or restoration,
including any such costs and expenses incurred in defending against any claim alleging that such payment constituted a preference,
fraudulent transfer or similar payment under any Debtor Relief Law; provided, that such indemnification shall not be available
to the extent that such costs and expenses are determined to have resulted from the gross negligence or willful misconduct of the
Administrative Agent or such holder of the Guaranteed Obligations.

 

11.04      Certain
Waivers.

 

Each Guarantor acknowledges
and agrees that (a) the guaranty given hereby may be enforced without the necessity of resorting to or otherwise exhausting
remedies in respect of any other security or collateral interests, and without the necessity at any time of having to take recourse
against the Borrower hereunder or against any collateral securing the Guaranteed Obligations or otherwise, (b) it will not
assert any right to require the action first be taken against

 

    	128

    	 

    

 

the Borrower or any other
Person (including any other Guarantor) or pursuit of any other remedy or enforcement any other right and (c) nothing contained
herein shall prevent or limit action being taken against the Borrower hereunder, under the other Credit Documents or the other
documents and agreements relating to the Guaranteed Obligations or from foreclosing on any security or collateral interests relating
hereto or thereto, or from exercising any other rights or remedies available in respect thereof, if neither the Borrower nor the
Guarantors shall timely perform their obligations, and the exercise of any such rights and completion of any such foreclosure proceedings
shall not constitute a discharge of the Guarantors’ obligations hereunder unless as a result thereof, the Guaranteed Obligations
shall have been paid in full and the Commitments relating thereto shall have expired or been terminated, it being the purpose and
intent that the Guarantors’ obligations hereunder be absolute, irrevocable, independent and unconditional under all circumstances.

 

11.05      Rights
of Contribution.

 

The Guarantors hereby
agree as among themselves that, in connection with payments made hereunder, each Guarantor shall have a right of contribution from
each other Guarantor in accordance with applicable Laws. Such contribution rights shall be subordinate and subject in right of
payment to the Guaranteed Obligations until such time as the Guaranteed Obligations have been paid in full and the Commitments
relating thereto shall have expired or been terminated, and none of the Guarantors shall exercise any such contribution rights
until the Guaranteed Obligations have been paid in full and the Commitments relating thereto shall have expired or been terminated.

 

11.06      Guaranty
of Payment; Continuing Guaranty.

 

The guarantee in this
Article XI is a guaranty of payment and not of collection, and is a continuing guarantee, and shall apply to all Guaranteed
Obligations whenever arising until such time as the Guaranteed Obligations have been paid in full and the Commitments relating
thereto shall have expired or been terminated.

 

11.07      Keepwell.

 

Each Credit Party that
is a Qualified ECP Guarantor at the time the Guaranty in this Article XI by any Credit Party that is not then an “eligible
contract participant” under the Commodity Exchange Act (a “Specified Loan Party”) or, if applicable, at
the time the grant of a security interest under the Credit Documents by any such Specified Loan Party, in either case, becomes
effective with respect to any obligation under any Swap Contract, hereby jointly and severally, absolutely, unconditionally and
irrevocably undertakes to provide such funds or other support to each Specified Loan Party with respect to such Obligation as may
be needed by such Specified Loan Party from time to time to honor all of its obligations under the Credit Documents in respect
of such Obligation on (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering
such Qualified ECP Guarantor’s obligations and undertakings under this Article XI voidable under applicable Debtor Relief
Laws, and not for any greater amount). The obligations and undertakings of each applicable Credit Party under this Section shall
remain in full force and effect until the Obligations have been indefeasibly paid and performed in full. Each Credit Party intends
this Section to 

 

    	129

    	 

    

 

constitute, and
this Section shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each
Credit Party that would otherwise not constitute an Eligible Contract Participant for any Swap Obligation for all purposes of
the Commodity Exchange Act.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK -

SIGNATURE PAGES AND SCHEDULES AND EXHIBITS
TO FOLLOW]

 

    	130

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Credit Agreement to be duly executed as of the date first above written.

 

	BORROWER:	OMEGA HEALTHCARE INVESTORS, INC.
	 	 
	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	GUARANTORS:	OHI ASSET (la), LLC
	 	 	 
	 	By:	OHI Healthcare Properties Limited Partnership,
	 	 	a Member of such company
	 	 	 
	 	By:	Omega Healthcare Investors, Inc.,
	 	 	the General Partner of such limited partnership

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	By:	Omega TRS I, Inc.,
	 	 	a Member of such company

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

OMEGA HEALTHCARE INVESTORS, INC.

CREDIT AGREEMENT

 

 

    	 

    	 

    

 

	 	OHI ASSET, LLC
	 	OHI ASSET (ID), LLC
	 	OHI ASSET (CA), LLC
	 	DELTA INVESTORS I, LLC
	 	DELTA INVESTORS II, LLC
	 	OHI Asset (CO), LLC
	 	COLONIAL GARDENS, LLC
	 	WILCARE, LLC
	 	nrs ventures, l.l.c.
	 	ohi asset (ct) lender, llc
	 	ohi asset (Fl), llc
	 	ohi asset (il), llc
	 	ohi asset (mo), llc
	 	ohi asset (oh), llc
	 	ohi asset (oh) lender, llc
	 	ohi asset (pa), llc
	 	ohi asset ii (ca), llc
	 	ohi asset ii (fl), llc
	 	ohi asset cse-e, llc
	 	ohi asset cse-u, llc
	 	OHI ASSET CSb LLC
	 	OHI ASSET (MI), LLC
	 	OHI ASSET (FL) LENDER, LLC
	 	OHI ASSET HUD WO, LLC
	 	OHI ASSET (MD), LLC
	 	OHI ASSET (TX), LLC
	 	OHI ASSET (IN) WABASH, LLC
	 	OHI ASSET (IN) WESTFIELD, LLC
	 	OHI ASSET (IN) GREENSBURG, LLC
	 	OHI ASSET (IN) INDIANAPOLIS, LLC
	 	OHI ASSET HUD SF, LLC
	 	OHI ASSET (IN) AMERICAN VILLAGE, LLC
	 	OHI ASSET (IN) ANDERSON, LLC
	 	OHI ASSET (IN) BEECH GROVE, LLC
	 	OHI ASSET (IN) CLARKSVILLE, LLC
	 	OHI ASSET (IN) EAGLE VALLEY, LLC
	 	OHI ASSET (IN) ELKHART, LLC
	 	OHI ASSET (IN) FOREST CREEK, LLC
	 	OHI ASSET (IN) FORT WAYNE, LLC
	 	OHI ASSET (IN) FRANKLIN, LLC
	 	OHI ASSET (IN) KOKOMO, LLC
	 	OHI ASSET (IN) LAFAYETTE, LLC
	 	OHI ASSET (IN) MONTICELLO, LLC
	 	OHI ASSET (IN) NOBLESVILLE, LLC
	 	OHI ASSET (IN) ROSEWALK, LLC
	 	OHI ASSET (IN) SPRING MILL, LLC

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	OHI ASSET (IN) TERRE HAUTE, LLC
	 	OHI ASSET (IN) ZIONSVILLE, LLC
	 	OHI Asset HUD CFG, LLC
	 	OHI ASSET HUD SF CA, LLC
	 	OHI ASSET (TX) HONDO, LLC 
	 	OHI ASSET (MI) HEATHER HILLS, LLC
	 	OHI ASSET (IN) CROWN POINT, LLC
	 	OHI ASSET (IN) MADISON, LLC
	 	OHI ASSET (AR) ASH FLAT, LLC
	 	OHI ASSET (AR) CAMDEN, LLC
	 	OHI ASSET (AR) CONWAY, LLC
	 	OHI ASSET (AR) DES ARC, LLC
	 	OHI ASSET (AR) HOT SPRINGS, LLC
	 	OHI ASSET (AR) MALVERN, LLC
	 	OHI ASSET (AR) MENA, LLC
	 	OHI ASSET (AR) POCAHONTAS, LLC
	 	OHI ASSET (AR) SHERIDAN, LLC
	 	OHI ASSET (AR) WALNUT RIDGE, LLC
	 	OHI ASSET RO, LLC
	 	OHI ASSET (FL) LAKE PLACID, LLC
	 	OHI ASSET HUD DELTA, LLC
	 	OHI ASSET (IN) CLINTON, LLC
	 	OHI ASSET (IN) JASPER, LLC
	 	OHI ASSET (IN) SALEM, LLC
	 	OHI ASSET (IN) SEYMOUR, LLC
	 	OHI ASSET (WV) DANVILLE, LLC
	 	OHI ASSET (WV) IVYDALE, LLC
	 	OHI MEZZ LENDER, LLC
	 	OHI ASSET (TN) JEFFERSON CITY, LLC
	 	OHI ASSET (TN) ROGERSVILLE, LLC
	 	OHI ASSET CHG ALF, LLC
	 	BAYSIDE STREET, LLC
	 	BAYSIDE STREET II, LLC
	 	OHI (IOWA), LLC
	 	OHI (INDIANA), LLC
	 	OHI (ILLINOIS), LLC 
	 	OHIMA, LLC
	 	STERLING ACQUISITION, LLC
	 	OHI (CONNECTICUT), LLC
	 	FLORIDA LESSOR – MEADOWVIEW, LLC
	 	WASHINGTON LESSOR – SILVERDALE,
	 	GEORGIA LESSOR – BONTERRA/PARKVIEW, LLC
	 	ARIZONA LESSOR – INFINIA, LLC
	 	COLORADO LESSOR – CONIFER, LLC
	 	TEXAS LESSOR – STONEGATE GP, LLC
	 	TEXAS LESSOR – STONEGATE LIMITED, LLC

  

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	INDIANA LESSOR – WELLINGTON MANOR, LLC
	 	OHI ASSET (FL) LUTZ, LLC
	 	 	 
	 	By:	OHI Healthcare Properties Limited Partnership,
	 	 	the Sole Member of each such company
	 	 	 
	 	By:	Omega Healthcare Investors, Inc.,
	 	 	the General Partner of such limited partnership

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	3806 CLAYTON ROAD, LLC
	 	245 EAST WILSHIRE AVENUE, LLC
	 	13922 CERISE AVENUE, LLC
	 	637 EAST ROMIE LANE, LLC
	 	523 HAYES LANE, LLC
	 	GOLDEN HILL REAL ESTATE COMPANY, LLC
	 	11900 EAST ARTESIA BOULEVARD, LLC
	 	2400 PARKSIDE DRIVE, LLC
	 	1628 B STREET, LLC

 

	 	By:	OHI Asset HUD SF CA, LLC,
	 	 	the Sole Member of each such company

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	ENCANTO SENIOR CARE, LLC
	 	OHI ASSET (AZ) AUSTIN HOUSE, LLC

 

	 	By:	OHI Asset HUD SF, LLC,
	 	 	the Sole Member of each such Company

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	CFG 2115 WOODSTOCK PLACE, LLC
	 	1200 ELY STREET HOLDINGS CO. LLC
	 	42235 COUNTY ROAD HOLDINGS CO. LLC
	 	2425 TELLER AVENUE, LLC
	 	48 HIGH POINT ROAD, LLC

 

	 	By:	OHI Asset HUD CFG, LLC,
	 	 	the Sole Member of each of the companies

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	Texas Lessor - Stonegate, LP

 

	 	By:	Texas Lessor – Stonegate GP, LLC,
	 	 	Its General Partner

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	PV REALTY – WILLOW TREE, LLC

 

	 	By:	OHI Asset HUD WO, LLC,
	 	 	the Sole Member of such company

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	PAVILLION NURSING CENTER NORTH, LLC
	 	PAVILLION NORTH PARTNERS, LLC
	 	THE SUBURBAN PAVILION, LLC

 

	 	By:	OHI Asset (OH), LLC,
	 	 	the Sole Member of each such company

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	OHI ASSET IV (PA) SILVER LAKE, LP

 

	 	By:	OHI Asset CSE-U Subsidiary, LLC,
	 	 	Its General Partner

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	cse pennsylvania holdings, LP
	 	cse centennial village, lp

 

	 	By:	OHI Asset CSE-E Subsidiary, LLC,
	 	 	Its General Partner

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	CSE DENVER ILIFF LLC
	 	CSE FAIRHAVEN LLC
	 	CSE MARIANNA HOLDINGS LLC
	 	CSE TEXARKANA LLC
	 	CSE WEST POINT LLC
	 	CSE WHITEHOUSE LLC
	 	CARNEGIE GARDENS LLC
	 	FLORIDA REAL ESTATE COMPANY, LLC
	 	GREENBOUGH, LLC
	 	LAD I REAL ESTATE COMPANY, LLC
	 	PANAMA CITY NURSING CENTER LLC
	 	SKYLER MAITLAND LLC
	 	SUWANEE, LLC
	 	OHI ASSET CSE-U SUBSIDIARY, LLC
	 	OHI TENNESSEE, LLC

 

	 	By:	OHI Asset CSE-U, LLC,
	 	 	the Sole Member of each of the companies

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	CSE BLOUNTVILLE LLC
	 	CSE BOLIVAR LLC
	 	CSE CAMDEN LLC
	 	CSE HUNTINGDON LLC
	 	CSE JEFFERSON CITY LLC
	 	CSE MEMPHIS LLC
	 	CSE RIPLEY LLC

 

	 	By:	OHI Tennessee, LLC,
	 	 	the Sole Member of each of the companies

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	CSE CORPUS NORTH LLC
	 	CSE JACINTO CITY LLC
	 	CSE KERRVILLE LLC
	 	CSE RIPON LLC
	 	CSE SPRING BRANCH LLC
	 	CSE THE VILLAGE LLC
	 	CSE WILLIAMSPORT LLC
	 	DESERT LANE LLC
	 	NORTH LAS VEGAS LLC
	 	OHI ASSET CSE-E SUBSIDIARY, LLC

 

	 	By:	OHI Asset CSE-E, LLC,
	 	 	the Sole Member of each of the companies

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	PAVILLION NORTH, LLP

 

	 	By:	Pavillion Nursing Center North, LLC,
	 	 	its General Partner

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	OHI ASSET (PA), LP
	 	OHI ASSET II (PA), LP
	 	OHI ASSET III (PA), LP

 

	 	By:	OHI Asset (OH), LLC,
	 	 	the General Partner of each limited partnership

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	CSE CASABLANCA HOLDINGS LLC

 

	 	By:	OHI Asset CSB LLC,
	 	 	the Sole Member of such company

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	CSE CASABLANCA HOLDINGS II LLC

 

	 	By:	CSE Casablanca Holdings LLC,
	 	 	the Sole Member of such company

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	CSE ALBANY LLC
	 	CSE AMARILLO LLC
	 	CSE AUGUSTA LLC
	 	CSE BEDFORD LLC
	 	CSE CAMBRIDGE REALTY LLC
	 	CSE CANTON LLC
	 	CSE CEDAR RAPIDS LLC
	 	CSE CHELMSFORD LLC
	 	CSE CHESTERTON LLC
	 	CSE CLAREMONT LLC
	 	CSE DENVER LLC
	 	CSE DOUGLAS LLC
	 	CSE ELKTON REALTY LLC
	 	CSE FORT WAYNE LLC
	 	CSE FRANKSTON LLC
	 	CSE GEORGETOWN LLC
	 	CSE GREEN BAY LLC
	 	CSE HILLIARD LLC
	 	CSE HUNTSVILLE LLC
	 	CSE INDIANAPOLIS – CONTINENTAL LLC
	 	CSE INDIANAPOLIS – GREENBRIAR LLC
	 	CSE JEFFERSONVILLE – HILLCREST CENTER LLC
	 	CSE JEFFERSONVILLE – JENNINGS HOUSE LLC
	 	CSE KINGSPORT LLC
	 	CSE LAKE CITY LLC
	 	CSE LAKE WORTH LLC
	 	CSE LAKEWOOD LLC
	 	CSE LAS VEGAS LLC
	 	CSE LAWRENCEBURG LLC
	 	CSE LEXINGTON PARK REALTY LLC
	 	CSE LIGONIER LLC
	 	CSE LIVE OAK LLC
	 	CSE LOWELL LLC
	 	CSE MOBILE LLC
	 	CSE MOORE LLC
	 	CSE NORTH CAROLINA HOLDINGS I LLC
	 	CSE NORTH CAROLINA HOLDINGS II LLC
	 	CSE OMRO LLC
	 	CSE ORANGE PARK LLC
	 	CSE ORLANDO – PINAR TERRACE MANOR LLC
	 	CSE ORLANDO – TERRA VISTA REHAB LLC
	 	CSE PIGGOTT LLC
	 	CSE PILOT POINT LLC
	 	CSE PONCA CITY LLC
	 	CSE PORT ST. LUCIE LLC
	 	CSE RICHMOND LLC
	 	CSE SAFFORD LLC
	 	CSE SALINA LLC
	 	CSE SEMINOLE LLC
	 	CSE SHAWNEE LLC
	 	CSE STILLWATER LLC

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	CSE TAYLORSVILLE LLC
	 	CSE TEXAS CITY LLC
	 	CSE UPLAND LLC
	 	CSE WINTER HAVEN LLC
	 	CSE YORKTOWN LLC

 

	 	By:	CSE Casablanca Holdings II LLC,
	 	 	the Sole Member of each of the companies

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	CSE LEXINGTON PARK LLC

 

	 	By:	CSE Lexington Park Realty LLC,
	 	 	the Sole Member of such company

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	CSE CAMBRIDGE LLC

 

	 	By:	CSE Cambridge Realty LLC,
	 	 	the Sole Member of such company

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	CSE ELKTON LLC

 

	 	By:	CSE Elkton Realty LLC,
	 	 	the Sole Member of such company

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	CSE ARDEN L.P.
	 	CSE KING L.P.
	 	CSE KNIGHTDALE L.P.
	 	CSE LENOIR L.P.
	 	CSE WALNUT COVE L.P.
	 	CSE WOODFIN L.P.

 

	 	By:	CSE North Carolina Holdings I LLC,
	 	 	the General Partner of each limited partnership

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	OMEGA TRS I, INC.
	 	OHI HEALTHCARE PROPERTIES HOLDCO, INC.

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	CSE PINE VIEW LLC
	 	DIXIE WHITE HOUSE NURSING HOME, LLC
	 	OCEAN SPRINGS NURSING HOME, LLC
	 	PENSACOLA REAL ESTATE HOLDINGS I, LLC
	 	PENSACOLA REAL ESTATE HOLDINGS II, LLC
	 	PENSACOLA REAL ESTATE HOLDINGS III, LLC
	 	PENSACOLA REAL ESTATE HOLDINGS IV, LLC
	 	PENSACOLA REAL ESTATE HOLDINGS V, LLC
	 	SKYLER BOYINGTON, LLC
	 	SKYLER FLORIDA, LLC
	 	SKYLER PENSACOLA, LLC

 

	 	By:	OHI Asset HUD Delta, LLC,
	 	 	the Sole Member of each such company

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	OHI ASSET (GA) MOULTRIE, LLC
	 	OHI ASSET (GA) SNELLVILLE, LLC
	 	OHI ASSET (ID) HOLLY, LLC
	 	OHI ASSET (ID) MIDLAND, LLC
	 	OHI ASSET (IN) CONNERSVILLE, LLC
	 	OHI ASSET (MS) BYHALIA, LLC
	 	OHI ASSET (MS) CLEVELAND, LLC
	 	OHI ASSET (MS) CLINTON, LLC
	 	OHI ASSET (MS) COLUMBIA, LLC
	 	OHI ASSET (MS) CORINTH, LLC
	 	OHI ASSET (MS) GREENWOOD, LLC
	 	OHI ASSET (MS) GRENADA, LLC
	 	OHI ASSET (MS) HOLLY SPRINGS, LLC
	 	OHI ASSET (MS) INDIANOLA, LLC
	 	OHI ASSET (MS) NATCHEZ, LLC
	 	OHI ASSET (MS) PICAYUNE, LLC
	 	OHI ASSET (MS) VICKSBURG, LLC
	 	OHI ASSET (MS) YAZOO CITY, LLC
	 	OHI ASSET (NC) WADESBORO, LLC
	 	OHI ASSET (OR) PORTLAND, LLC
	 	OHI ASSET (SC) AIKEN, LLC
	 	OHI ASSET (SC) ANDERSON, LLC
	 	OHI ASSET (SC) EASLEY ANNE, LLC
	 	OHI ASSET (SC) EASLEY CRESTVIEW, LLC
	 	OHI ASSET (SC) EDGEFIELD, LLC
	 	OHI ASSET (SC) GREENVILLE GRIFFITH, LLC
	 	OHI ASSET (SC) GREENVILLE LAURENS, LLC
	 	OHI ASSET (SC) GREENVILLE NORTH, LLC
	 	OHI ASSET (SC) GREER, LLC
	 	OHI ASSET (SC) MARIETTA, LLC
	 	OHI ASSET (SC) MCCORMICK, LLC
	 	OHI ASSET (SC) PICKENS EAST CEDAR, LLC
	 	OHI ASSET (SC) PICKENS ROSEMOND, LLC
	 	OHI ASSET (SC) PIEDMONT, LLC
	 	OHI ASSET (SC) SIMPSONVILLE SE MAIN, LLC
	 	OHI ASSET (SC) SIMPSONVILLE WEST BROAD, LLC
	 	OHI ASSET (SC) SIMPSONVILLE WEST CURTIS, LLC
	 	OHI ASSET (TN) BARTLETT, LLC
	 	OHI ASSET (TN) COLLIERVILLE, LLC
	 	OHI ASSET (TN) MEMPHIS, LLC
	 	OHI ASSET (TX) ANDERSON, LLC
	 	OHI ASSET (TX) BRYAN, LLC
	 	OHI ASSET (TX) BURLESON, LLC
	 	OHI ASSET (TX) COLLEGE STATION, LLC

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	OHI ASSET (TX) COMFORT, LLC
	 	OHI ASSET (TX) DIBOLL, LLC
	 	OHI ASSET (TX) GRANBURY, LLC
	 	OHI ASSET (TX) ITALY, LLC
	 	OHI ASSET (TX) WINNSBORO, LLC
	 	OHI ASSET (UT) OGDEN, LLC
	 	OHI ASSET (UT) PROVO, LLC
	 	OHI ASSET (UT) ROY, LLC
	 	OHI ASSET (VA) CHARLOTTESVILLE, LLC
	 	OHI ASSET (VA) FARMVILLE, LLC
	 	OHI ASSET (VA) HILLSVILLE, LLC
	 	OHI ASSET (VA) ROCKY MOUNT, LLC
	 	OHI ASSET (WA) BATTLE GROUND, LLC
	 	OHI ASSET RO PMM SERVICES, LLC
	 	OHI ASSET (GA) MACON, LLC
	 	OHI ASSET (SC) GREENVILLE, LLC
	 	OHI ASSET (SC) ORANGEBURG, LLC

 

	 	By:	OHI Asset RO, LLC,
	 	 	the Sole Member of each such company
	 	 	 
	 	By:	 
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer
	 	 	 
	 	OHI HEALTHCARE PROPERTIES LIMITED PARTNERSHIP
	 	 	 
	 	By:	Omega Healthcare Investors, Inc.,
	 	 	the General Partner of such limited partnership
	 	 	 
	 	By:	 
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	OHI ASSET MANAGEMENT, LLC
	 	 	 
	 	By:	OHI Healthcare Properties Limited Partnership,
	 	 	a Member of such company
	 	 	 
	 	By:	Omega Healthcare Investors, Inc.,
	 	 	the General Partner of such limited partnership

 

	 	By:	 

	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	By:	Omega TRS I, Inc.,
	 	 	a member of such company
	 	 	 
	 	By:	 
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer
	 	 	 
	 	OHI ASSET (OR) TROUTDALE, LLC
	 	OHI ASSET (PA) GP, LLC
	 	HOT SPRINGS ATRIUM OWNER, LLC
	 	HOT SPRINGS COTTAGES OWNER, LLC
	 	HOT SPRINGS MARINA OWNER, LLC
	 	 	 
	 	By:	OHI Asset CHG ALF, LLC,
	 	 	the Sole Member of such company
	 	 	 
	 	By:	 
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	OHI ASSET (PA) WEST MIFFLIN, LP
	 	BALA CYNWYD REAL ESTATE, LP
	 	 	 
	 	By:	OHI Asset (PA) GP, LLC,
	 	 	the General Partner of each limited partnerships
	 	 	 
	 	By:	 
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

	 	BAYSIDE COLORADO HEALTHCARE ASSSOCIATES, LLC
	 	 	 
	 	By:	Bayside Street, LLC,
	 	 	the Sole Member of such company
	 	 	 
	 	By:	 
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	CANTON HEALTH CARE LAND, LLC
	 	DIXON HEALTH CARE CENTER, LLC
	 	HUTTON I LAND, LLC
	 	HUTTON II LAND, LLC
	 	HUTTON III LAND, LLC
	 	LEATHERMAN PARTNERSHIP 89-1, LLC
	 	LEATHERMAN PARTNERSHIP 89-2, LLC
	 	LEATHERMAN 90-1, LLC
	 	MERIDIAN ARMS LAND, LLC
	 	ORANGE VILLAGE CARE CENTER, LLC
	 	ST. MARY’S PROPERTIES, LLC
	 	 	 
	 	By:	Bayside Street II, LLC,
	 	 	the Sole Member of such company
	 	 	 
	 	By:	 
	 	Name:	Daniel J. Booth
	 	Title:	Chief Operating Officer

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	ADMINISTRATIVE AGENT:	bank of america, n.a.,
	 	as Administrative Agent
	 	 	 
	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 LENDERS:	bank of america, n.a., as L/C Issuer, Swing Line Lender and as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

 

    	 

    	 

    

 

	 	CREDIT AGRICOLE COPORATE AND INVESTMENT BANK,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

    	 

    	 

    

 

	 	JPMORGAN CHASE BANK, N.A.,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	CITIZENS BANK, NATIONAL ASSOCIATION,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	CAPITAL ONE, NATIONAL ASSOCIATION,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	MORGAN STANLEY BANK, N.A.,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	ROYAL BANK OF CANADA,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	SUNTRUST BANK,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	BRANCH BANKING AND TRUST COMPANY,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	SUMITOMO MITSUI BANKING CORPORATION,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	STIFEL BANK & TRUST,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	SYNOVUS BANK,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	BANK OF TAIWAN, A REPUBLIC OF CHINA BANK ACTING THROUGH ITS LOS ANGELES BRANCH,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD. NEW YORK BRANCH,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	LAND BANK OF TAIWAN LOS ANGELES BRANCH,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	TAIWAN BUSINESS BANK, LOS ANGELES BRANCH,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	TAIWAN COOPERATIVE BANK, LTD.,
	 	SEATTLE BRANCH,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	FIRST COMMERCIAL BANK, LTD., A REPUBLIC OF CHINA BANK ACTING THROUGH ITS LOS ANGELES BRANCH,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	E. SUN COMMERCIAL BANK, LIMITED, LOS ANGELES BRANCH,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	HUA NAN COMMERCIAL BANK LTD.,
	 	LOS ANGELES BRANCH,
	 	as a Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	 	as a New Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	COMPASS BANK,
	 	as a New Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	REGIONS BANK,
	 	as a New Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

 

	 	THE HUNTINGTON NATIONAL BANK,
	 	as a New Lender

 

	 	By:	 

	 	Name:	 
	 	Title:	 

 

OMEGA
HEALTHCARE INVESTORS, INC.

CREDIT
AGREEMENT

 

    	 

    	 

    

  

Exhibit B

Schedule 2.01

 

LENDERS
AND COMMITMENTS

 

	Lender	Revolving

    Commitment	Revolving

    Commitment

    Percentage	Closing Date Term

    Loan Commitment	Closing Date Term

    Loan Commitment

    Percentage	Acquisition Term

    Loan Commitment	Acquisition Term

    Loan Commitment

    Percentage
	 	 	 	 	 	 	 
	Bank
    of America, N.A.	$103,083,333.33	8.246666666%	$19,916,666.67	9.958333333%	$10,048,387.09	5.024193545%
	Crédit
    Agricole Corporate and Investment Bank	$103,083,333.33	8.246666666%	$19,916,666.67	9.958333333%	$10,048,387.09	5.024193545%
	JPMorgan
    Chase Bank, N.A.	$103,083,333.33	8.246666666%	$19,916,666.67	9.958333333%	$10,048,387.09	5.024193545%
	Citizens
    Bank, National Association	$103,083,333.33	8.246666666%	$19,916,666.67	9.958333333%	$10,048,387.09	5.024193545%
	The
    Bank of Tokyo-Mitsubishi UFJ, Ltd.	$81,333,333.33	6.506666666%	$15,666,666.67	7.833333333%	$7,967,741.94	3.983870970%
	Capital
    One, National Association	$81,333,333.33	6.506666666%	$15,666,666.67	7.833333333%	$7,967,741.94	3.983870970%
	Morgan
    Stanley Bank, N.A.	$81,333,333.33	6.506666666%	$15,666,666.67	7.833333333%	$7,967,741.94	3.983870970%
	Royal
    Bank of Canada	$81,333,333.33	6.506666666%	$15,666,666.67	7.833333333%	$7,967,741.94	3.983870970%
	SunTrust
    Bank	$81,333,333.33	6.506666666%	$15,666,666.67	7.833333333%	$7,967,741.94	3.983870970%
	Branch
    Banking and Trust Company	$50,030,303.03	4.002424242%	$8,333,333.33	4.166666667%	$16,636,363.64	8.318181820%
	Sumitomo
    Mitsui Banking Corporation	$41,666,666.67	3.333333334%	$8,333,333.33	4.166666667%	-	-
	Stifel
    Bank & Trust	$20,833,333.33	1.666666666%	$4,166,666.67	2.083333333%	-	-
	Synovus
    Bank	$20,833,333.33	1.666666666%	$4,166,666.67	2.083333333%	$5,000,000.00	2.500000000%
	Bank
    of Taiwan, a Republic of China Bank acting through its Los
    Angeles Branch	$16,666,666.67	1.333333334%	$3,333,333.33	1.666666667%	-	-

 

    	 

    	 

    

  

	Mega
    International Commercial Bank Co., Ltd., New York Branch	$15,000,000.00	1.200000000%	$3,000,000.00	1.500000000%	-	-
	Land
    Bank of Taiwan, Los Angeles Branch	$12,500,000.01	1.000000001%	$2,499,999.99	1.250000000%	$5,000,000.00	2.500000000%
	Taiwan
    Business Bank, Los Angeles Branch	$12,500,000.01	1.000000001%	$2,499,999.99	1.250000000%	-	-
	Taiwan
    Cooperative Bank, Ltd., Seattle Branch	$12,500,000.01	1.000000001%	$2,499,999.99	1.250000000%	-	-
	First
    Commercial Bank, Ltd., a Republic of China Bank acting through its Los Angeles Branch	$8,333,333.33	0.666666666%	$1,666,666.67	0.833333333%	-	-
	E.
    Sun Commercial Bank, Limited, Los Angeles Branch	$4,166,666.67	0.333333334%	$833,333.33	0.416666667%	-	-
	Hua
    Nan Commercial Bank Ltd., Los Angeles Branch	$3,333,333.33	0.266666666%	$666,666.67	0.333333333%	-	-
	Wells
    Fargo Bank, National Association	$81,333,333.34	6.506666667%	-	-	$23,634,408.60	11.817204300%
	Compass
    Bank	$72,142,857.14	5.771428571%	-	-	$28,857,142.86	14.428571430%
	Regions
    Bank	$50,030,303.03	4.002424242%	-	-	$24,969,696.97	12.484848485%
	The
                                         Huntington National Bank

         
	$9,129,870.13	0.730389610%	-	-	$15,870,129.87	7.935064935%
	Total:	$1,250,000,000.00	100.000000000%	$200,000,000.00	100.000000000%	$200,000,000.00	100.000000000%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00243-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00243-of-00352.parquet"}]]