<SEC-DOCUMENT>0000895345-25-000346.txt : 20251105
<SEC-HEADER>0000895345-25-000346.hdr.sgml : 20251105
<ACCEPTANCE-DATETIME>20251105080845
ACCESSION NUMBER:		0000895345-25-000346
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20251105
DATE AS OF CHANGE:		20251105

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SONIDA SENIOR LIVING, INC.
		CENTRAL INDEX KEY:			0001043000
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-NURSING & PERSONAL CARE FACILITIES [8050]
		ORGANIZATION NAME:           	08 Industrial Applications and Services
		EIN:				752678809
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-53101
		FILM NUMBER:		251451896

	BUSINESS ADDRESS:	
		STREET 1:		16301 QUORUM DRIVE
		STREET 2:		SUITE 160A
		CITY:			ADDISON
		STATE:			TX
		ZIP:			75001
		BUSINESS PHONE:		9727705600

	MAIL ADDRESS:	
		STREET 1:		16301 QUORUM DRIVE
		STREET 2:		SUITE 160A
		CITY:			ADDISON
		STATE:			TX
		ZIP:			75001

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAPITAL SENIOR LIVING CORP
		DATE OF NAME CHANGE:	19970724

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Conversant Capital LLC
		CENTRAL INDEX KEY:			0001850901
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		25 DEFOREST AVENUE, 3RD FLOOR
		CITY:			SUMMIT
		STATE:			NJ
		ZIP:			07901
		BUSINESS PHONE:		9175153729

	MAIL ADDRESS:	
		STREET 1:		25 DEFOREST AVENUE, 3RD FLOOR
		CITY:			SUMMIT
		STATE:			NJ
		ZIP:			07901
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
<headerData>
<submissionType>SCHEDULE 13D/A</submissionType>
<previousAccessionNumber>0000895345-21-000958</previousAccessionNumber>
<filerInfo>
<filer>
<filerCredentials>
<cik>0001850901</cik>
<ccc>XXXXXXXX</ccc>
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<liveTestFlag>LIVE</liveTestFlag>



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<formData>
<coverPageHeader>
<amendmentNo>7</amendmentNo>
<securitiesClassTitle>Common Stock, $0.01 par value per share</securitiesClassTitle>
<dateOfEvent>11/04/2025</dateOfEvent>
<previouslyFiledFlag>false</previouslyFiledFlag>
<issuerInfo>
<issuerCIK>0001043000</issuerCIK>
<issuerCUSIP>140475203</issuerCUSIP>
<issuerName>SONIDA SENIOR LIVING, INC.</issuerName>
<address>
<com:street1>Conversant Capital LLC</com:street1>
<com:street2>25 Deforest Avenue, Attn: Paul Dumaine</com:street2>
<com:city>Summit</com:city>
<com:stateOrCountry>NJ</com:stateOrCountry>
<com:zipCode>07901</com:zipCode>
</address>
</issuerInfo>
<authorizedPersons>
<notificationInfo>
<personName>Conversant Capital LLC</personName>
<personPhoneNum>908-466-5100</personPhoneNum>
<personAddress>
<com:street1>25 Deforest Avenue</com:street1>
<com:street2>Attn: Paul Dumaine</com:street2>
<com:city>Summit</com:city>
<com:stateOrCountry>NJ</com:stateOrCountry>
<com:zipCode>07901</com:zipCode>
</personAddress>
</notificationInfo>
<notificationInfo>
<personName>With a copy to: John M. Bibona</personName>
<personPhoneNum>(212) 859-8000</personPhoneNum>
<personAddress>
<com:street1>Fried,Frank,Harris,Shriver&amp;Jacobson LLP</com:street1>
<com:street2>One New York Plaza</com:street2>
<com:city>New York</com:city>
<com:stateOrCountry>NY</com:stateOrCountry>
<com:zipCode>100004</com:zipCode>
</personAddress>
</notificationInfo>
</authorizedPersons>
</coverPageHeader>
<reportingPersons>
<reportingPersonInfo>
<reportingPersonCIK>0001892127</reportingPersonCIK>
<reportingPersonName>Conversant Dallas Parkway (A) LP</reportingPersonName>
<memberOfGroup>b</memberOfGroup>
<fundType>OO</fundType>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>7438005</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>7438005</sharedDispositivePower>
<aggregateAmountOwned>7438005</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>35.3</percentOfClass>
<typeOfReportingPerson>PN</typeOfReportingPerson>
<commentContent>(1) The shared voting and dispositive power identified in rows (8) and (10), and the aggregate amount of shares identified as beneficially owned in row (11), each reflect the sum of (i) 5,266,159 shares of Common Stock, (ii) 1,203,308 shares of Common Stock issuable upon conversion of 38,742 shares of Series A Preferred Stock of the Issuer, and (iii) 968,538 shares of Common Stock issuable upon exercise of warrants of the Issuer.&#13;
&#13;
(2) The percent of class identified in row (13) is calculated based on the sum of (i) 18,770,006 outstanding shares of Common Stock as of October 31, 2025, per the Issuer, plus (ii) 1,281,205 shares of Common Stock issuable in the aggregate upon conversion of the Series A Preferred Stock held by Conversant Dallas Parkway (A) L.P. and Conversant Dallas Parkway (B) LP, plus (iii) 1,031,250 shares of Common Stock issuable in the aggregate upon exercise of the Issuer warrants held by Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP.</commentContent>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0001892128</reportingPersonCIK>
<reportingPersonName>Conversant Dallas Parkway (B) LP</reportingPersonName>
<memberOfGroup>b</memberOfGroup>
<fundType>OO</fundType>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>850353</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>850353</sharedDispositivePower>
<aggregateAmountOwned>850353</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>4</percentOfClass>
<typeOfReportingPerson>PN</typeOfReportingPerson>
<commentContent>(1) The shared voting and dispositive power identified in rows (8) and (10), and the aggregate amount of shares identified as beneficially owned in row (11), each reflect the sum of (i) 709,744 shares of Common Stock, (ii) 77,897 shares of Common Stock issuable upon conversion of 2,508 shares of Series A Preferred Stock of the Issuer, and (iii) 62,712 shares of Common Stock issuable upon exercise of warrants of the Issuer.&#13;
&#13;
(2) The percent of class identified in row (13) is calculated based on the sum of (i) 18,770,006 outstanding shares of Common Stock as of October 31, 2025, per the Issuer, plus (ii) 1,281,205 shares of Common Stock issuable in the aggregate upon conversion of the Series A Preferred Stock held by Conversant Dallas Parkway (A) L.P. and Conversant Dallas Parkway (B) LP, plus (iii) 1,031,250 shares of Common Stock issuable in the aggregate upon exercise of the Issuer warrants held by Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP.</commentContent>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0002016872</reportingPersonCIK>
<reportingPersonName>Conversant Dallas Parkway (D) LP</reportingPersonName>
<memberOfGroup>b</memberOfGroup>
<fundType>OO</fundType>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>1032216</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>1032216</sharedDispositivePower>
<aggregateAmountOwned>1032216</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>4.9</percentOfClass>
<typeOfReportingPerson>PN</typeOfReportingPerson>
<commentContent>(1) The shared voting and dispositive power identified in rows (8) and (10), and the aggregate amount of shares identified as beneficially owned in row (11), each reflect an aggregate of 1,032,216 shares of Common Stock.&#13;
&#13;
(2) The percent of class identified in row (13) is calculated based on the sum of (i) 18,770,006 outstanding shares of Common Stock as of October 31, 2025, per the Issuer, plus (ii) 1,281,205 shares of Common Stock issuable in the aggregate upon conversion of the Series A Preferred Stock held by Conversant Dallas Parkway (A) L.P. and Conversant Dallas Parkway (B) LP, plus (iii) 1,031,250 shares of Common Stock issuable in the aggregate upon exercise of the Issuer warrants held by Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP.</commentContent>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0002032036</reportingPersonCIK>
<reportingPersonName>Conversant Dallas Parkway (F) LP</reportingPersonName>
<memberOfGroup>b</memberOfGroup>
<fundType>OO</fundType>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>648942</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>648942</sharedDispositivePower>
<aggregateAmountOwned>648942</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>3.1</percentOfClass>
<typeOfReportingPerson>PN</typeOfReportingPerson>
<commentContent>(1) The shared voting and dispositive power identified in rows (8) and (10), and the aggregate amount of shares identified as beneficially owned in row (11), each reflect an aggregate of 648,942 shares of Common Stock.&#13;
&#13;
(2) The percent of class identified in row (13) is calculated based on the sum of (i) 18,770,006 outstanding shares as of October 31, 2025, per the Issuer, plus (ii) 1,281,205 shares of Common Stock issuable in the aggregate upon conversion of the Series A Preferred Stock held by Conversant Dallas Parkway (A) L.P. and Conversant Dallas Parkway (B) LP, plus (iii) 1,031,250 shares of Common Stock issuable in the aggregate upon exercise of the Issuer warrants held by Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP.</commentContent>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0002034747</reportingPersonCIK>
<reportingPersonName>Conversant PIF Aggregator A, LP</reportingPersonName>
<memberOfGroup>b</memberOfGroup>
<fundType>OO</fundType>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>1607592</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>1607592</sharedDispositivePower>
<aggregateAmountOwned>1607592</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>7.6</percentOfClass>
<typeOfReportingPerson>PN</typeOfReportingPerson>
<commentContent>(1) The shared voting and dispositive power identified in rows (8) and (10), and the aggregate amount of shares identified as beneficially owned in row (11), each reflect an aggregate of 1,607,592 shares of Common Stock.&#13;
&#13;
(2) The percent of class identified in row (13) is calculated based on the sum of (i) 18,770,006 outstanding shares of Common Stock as of October 31, 2025, per the Issuer, plus (ii) 1,281,205 shares of Common Stock issuable in the aggregate upon conversion of the Series A Preferred Stock held by Conversant Dallas Parkway (A) L.P. and Conversant Dallas Parkway (B) LP, plus (iii) 1,031,250 shares of Common Stock issuable in the aggregate upon exercise of the Issuer warrants held by Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP.</commentContent>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0001850910</reportingPersonCIK>
<reportingPersonName>Conversant GP Holdings LLC</reportingPersonName>
<fundType>OO</fundType>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>9969516</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>9969516</sharedDispositivePower>
<aggregateAmountOwned>9969516</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>47.3</percentOfClass>
<typeOfReportingPerson>OO</typeOfReportingPerson>
<commentContent>(1) The shared voting and dispositive power identified in rows (8) and (10), and the aggregate amount of shares identified as beneficially owned in row (11), each reflect the sum of (i) 7,657,061 shares of Common Stock, (ii) 1,281,205 shares of Common Stock issuable upon conversion of 41,250 shares of Series A Preferred Stock of the Issuer, and (iii) 1,031,250 shares of Common Stock issuable upon exercise of warrants of the Issuer.&#13;
&#13;
(2) The percent of class identified in row (13) is calculated based on the sum of (i) 18,770,006 outstanding shares of Common Stock as of October 31, 2025, per the Issuer, plus (ii) 1,281,205 shares of Common Stock issuable in the aggregate upon conversion of the Series A Preferred Stock held by Conversant Dallas Parkway (A) L.P. and Conversant Dallas Parkway (B) LP, plus (iii) 1,031,250 shares of Common Stock issuable in the aggregate upon exercise of the Issuer warrants held by Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP.</commentContent>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0001596522</reportingPersonCIK>
<reportingPersonName>Simanovsky Michael</reportingPersonName>
<fundType>OO</fundType>
<citizenshipOrOrganization>X1</citizenshipOrOrganization>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>11407779</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>11407779</sharedDispositivePower>
<aggregateAmountOwned>11407779</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>54.1</percentOfClass>
<typeOfReportingPerson>IN</typeOfReportingPerson>
<commentContent>(1) The shared voting and dispositive power identified in rows (8) and (10), and the aggregate amount of shares identified as beneficially owned in row (11), each reflect the sum of (i) 9,095,324 shares of Common Stock, (ii) 1,281,205 shares of Common Stock issuable upon conversion of 41,250 shares of Series A Preferred Stock of the Issuer, and (iii) 1,031,250 shares of Common Stock issuable upon exercise of warrants of the Issuer.&#13;
&#13;
(2) The percent of class identified in row (13) is calculated based on the sum of (i) 18,770,006 outstanding shares of Common Stock as of October 31, 2025, per the Issuer, plus (ii) 1,281,205 shares of Common Stock issuable in the aggregate upon conversion of the Series A Preferred Stock held by Conversant Dallas Parkway (A) L.P. and Conversant Dallas Parkway (B) LP, plus (iii) 1,031,250 shares of Common Stock issuable in the aggregate upon exercise of the Issuer warrants held by Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP.</commentContent>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0001850901</reportingPersonCIK>
<reportingPersonName>Conversant Capital LLC</reportingPersonName>
<memberOfGroup>b</memberOfGroup>
<fundType>OO</fundType>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>11407779</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>11407779</sharedDispositivePower>
<aggregateAmountOwned>11407779</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>54.1</percentOfClass>
<typeOfReportingPerson>IA</typeOfReportingPerson>
<typeOfReportingPerson>OO</typeOfReportingPerson>
<commentContent>(1) The shared voting and dispositive power identified in rows (8) and (10), and the aggregate amount of shares identified as beneficially owned in row (11), each reflect the sum of (i) 9,095,324 shares of Common Stock, (ii) 1,281,205 shares of Common Stock issuable upon conversion of 41,250 shares of Series A Preferred Stock of the Issuer, and (iii) 1,031,250 shares of Common Stock issuable upon exercise of warrants of the Issuer.&#13;
&#13;
(2) The percent of class identified in row (13) is calculated based on the sum of (i) 18,770,006 outstanding shares of Common Stock as of October 31, 2025, per the Issuer, plus (ii) 1,281,205 shares of Common Stock issuable in the aggregate upon conversion of the Series A Preferred Stock held by Conversant Dallas Parkway (A) L.P. and Conversant Dallas Parkway (B) LP, plus (iii) 1,031,250 shares of Common Stock issuable in the aggregate upon exercise of the Issuer warrants held by Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP.</commentContent>
</reportingPersonInfo>
<reportingPersonInfo>
<reportingPersonCIK>0002034835</reportingPersonCIK>
<reportingPersonName>Conversant Private GP LLC</reportingPersonName>
<fundType>OO</fundType>
<citizenshipOrOrganization>DE</citizenshipOrOrganization>
<soleVotingPower>0</soleVotingPower>
<sharedVotingPower>1607592</sharedVotingPower>
<soleDispositivePower>0</soleDispositivePower>
<sharedDispositivePower>1607592</sharedDispositivePower>
<aggregateAmountOwned>1607592</aggregateAmountOwned>
<isAggregateExcludeShares>N</isAggregateExcludeShares>
<percentOfClass>7.6</percentOfClass>
<typeOfReportingPerson>OO</typeOfReportingPerson>
<commentContent>(1) The shared voting and dispositive power identified in rows (8) and (10), and the aggregate amount of shares identified as beneficially owned in row (11), each reflect the aggregate of 1,607,592 shares of Common Stock.&#13;
&#13;
(2) The percent of class identified in row (13) is calculated based on the sum of (i) 18,770,006 outstanding shares of Common Stock as of October 31, 2025, per the Issuer, plus (ii) 1,281,205 shares of Common Stock issuable in the aggregate upon conversion of the Series A Preferred Stock held by Conversant Dallas Parkway (A) L.P. and Conversant Dallas Parkway (B) LP, plus (iii) 1,031,250 shares of Common Stock issuable in the aggregate upon exercise of the Issuer warrants held by Conversant Dallas Parkway (A) LP and Conversant Dallas Parkway (B) LP.</commentContent>
</reportingPersonInfo>
</reportingPersons>
<items1To7>
<item1>
<securityTitle>Common Stock, $0.01 par value per share</securityTitle>
<issuerName>SONIDA SENIOR LIVING, INC.</issuerName>
<issuerPrincipalAddress>
<com:street1>Conversant Capital LLC</com:street1>
<com:street2>25 Deforest Avenue, Attn: Paul Dumaine</com:street2>
<com:city>Summit</com:city>
<com:stateOrCountry>NJ</com:stateOrCountry>
<com:zipCode>07901</com:zipCode>
</issuerPrincipalAddress>
<commentText>This Amendment No. 7 ("Amendment No. 7") further amends and supplements the original statement on Schedule 13D filed by Conversant Dallas Parkway (A), L.P. ("Investor A"), Conversant Dallas Parkway (B), L.P. ("Investor B"), Conversant GP Holdings LLC ("Conversant GP"), Conversant Capital LLC ("Conversant Capital"), and Michael J. Simanovsky on November 12, 2021 (the "Original Schedule 13D"), as previously amended by them by the amended statement on Schedule 13D filed on October 17, 2024 ("Amendment No. 6"), Amendment No. 5 filed on August 21, 2024 ("Amendment No. 5"), Amendment No. 4 filed on March 26, 2024 ("Amendment No. 4"), Amendment No. 3 filed on February 6, 2024 ("Amendment No. 3"), Amendment No. 2 filed on November 6, 2023 ("Amendment No. 2") and Amendment No. 1 filed on July 7, 2023 ("Amendment No. 1"). Amendment No. 4 was the initial statement on Schedule 13D for Conversant Dallas Parkway (D), L.P. ("Investor D") regarding the Issuer. Amendment No. 5 was the initial statement on Schedule 13D for Conversant PIF Aggregator A L.P. ("Aggregator A") and Conversant Private GP LLC ("Conversant Private GP") regarding the Issuer. Amendment No. 6 was the initial statement on Schedule 13D for Conversant Dallas Parkway (F), L.P. ("Investor F") regarding the Issuer. Investor A, Investor B, Investor D, Aggregator A and Investor F together are the "Conversant Investors," and they, together with Conversant GP, Conversant Capital, Conversant Private GP and Mr. Simanovsky are, the "Reporting Persons". The Original Schedule 13D, as previously amended, remains in effect except to the extent that it is amended, restated or superseded by information contained in this Amendment No. 7, provided that with respect to any Item amended herein, if such Item is incorporated by reference into any other Item in the Original Schedule 13D, as previously amended, such incorporation by reference is also amended hereby. Capitalized terms used and not defined in this Amendment No. 7 have the meanings set forth in the Original Schedule 13D, as previously amended.</commentText>
</item1>
<item3>
<fundsSource>Item 3 of the Original Schedule 13D, as previously amended, is hereby amended to incorporate the disclosure set forth in Item 4 hereof regarding the Equity Financing.</fundsSource>
</item3>
<item4>
<transactionPurpose>Item 4 of the Original Schedule 13D, as previously amended, is hereby amended by the addition of the following description of events involving the Reporting Persons and the Issuer.&#13;
&#13;
As disclosed on a Current Report on Form 8-K filed by the Issuer with the Commission on November 5, 2025 ("Issuer 8-K"), the Issuer entered into a definitive agreement and plan of merger (the "Merger Agreement") with SSL Sparti LLC, a Delaware limited liability company and a wholly-owned subsidiary of the Issuer ("Holdco"), Sparti Merger Sub, Inc., a Maryland corporation and a wholly-owned subsidiary of Holdco ("SNDA Merger Sub"), CNL Healthcare Properties, Inc., a Maryland corporation ("CNL") and CHP Merger Corp., a Maryland corporation and a wholly-owned subsidiary of CNL. The Merger Agreement provides, among other things and subject to the terms and conditions in the Merger Agreement, for a business combination of the Issuer and CNL, through a series of steps ending with a forward merger of SNDA Merger Sub with and into CNL, with SNDA Merger Sub surviving the merger (the "CNL Merger"), as a result of which the Issuer will own 100% of the issued and outstanding shares of CNL. In connection with the execution of the Merger Agreement and the transactions contemplated thereby, Investor A and Investor B granted certain consents and waived certain antidilution rights arising under the existing Investor Rights Agreement and the Certificate of Designation of the Series A Preferred Stock. Concurrently with the execution of the Merger Agreement, the Issuer entered into an investment agreement (the "Investment Agreement") with Investor A, Aggregator A, CPIF Sparti SAF, L.P. ("CPIF"), and CPIF K Co-Invest SPT A, L.P. ("CPIF K" and, together with Aggregator A, Investor A and CPIF, collectively, the "IA Conversant Investors"), pursuant to which the IA Conversant Investors agreed to fund to the Issuer an aggregate amount of $100,000,005.84 in exchange for the issuance by the Issuer of 3,739,716 shares of Common Stock at a price of $26.74 per share immediately prior to the CNL Merger (the "Equity Financing"). Proceeds from the Equity Financing will be used by the Issuer to fund a portion of the cash merger consideration payable under the Merger Agreement. The Investment Agreement includes representations and warranties by the Issuer substantially similar to those under the Merger Agreement and representations and warranties by the IA Conversant Investors customary for a private financing of this type, and customary covenants of the parties, including the Issuer's compliance with interim operating covenants subject to the IA Conversant Investors' consent (not be unreasonably withheld, conditioned or delayed). The IA Conversant Investors' closing on the Equity Financing is conditioned on the execution of the Merger Agreement, satisfaction or waiver of mutual closing conditions and the Issuer's closing conditions under the Merger Agreement, and the Issuer's confirmation of occurrence of the CNL Merger substantially concurrently with the issuance of Common Stock in connection with the Equity Financing. The Issuer's closing conditions include a bringdown of the IA Conversant Investors' representations and warranties and material compliance with their covenants, and delivery by the IA Conversant Investors of the purchase price and IRS Forms W-9. The Investment Agreement may be terminated by the parties only upon their mutual agreement or upon certain customary conditions, including that the Equity Financing shall have been enjoined, that the Merger Agreement shall have been terminated, or that the CNL Merger shall not have been consummated by May 29, 2026. The Investment Agreement contains mutual indemnities by parties for breach of certain representation and warranties and post-closing covenants capped at the purchase price. The Issuer is responsible for the IA Conversant Investors' legal and other expenses in connection with the Equity Financing subject to the $2,000,000 cap. The IA Conversant Investors are entitled to 15% of the Company Termination Fee (as defined in the Merger Agreement) if the Issuer becomes entitled to such fee under the Merger Agreement. The Issuer entered into a substantially similar investment agreement with the other current investor in the Issuer, Silk Partners, LP ("Silk").&#13;
&#13;
At the closing of the Equity Financing, the IA Conversant Investors, Investor B, Investor D and Investor F (collectively, the "Post-Merger Conversant Investors"), Silk and the Issuer will enter into an amended and restated Investor Rights Agreement (the "IRA") to be effective as of the CNL Merger. Pursuant to the IRA, among other things, prior to the date that is (A) on or prior to the Company's 2029 annual meeting of stockholders, the date on which the Post-Merger Conversant Investors and their affiliates (the "Conversant Parties") beneficially own less than the lesser of (I) 4% of the outstanding shares of Common Stock and (II) the number of shares of Common Stock owned by Silk and its affiliates as of the Equity Financing closing date), and (B) after the Company's 2029 annual meeting of stockholders, the date on which the Conversant Parties beneficially own less than 5% of the outstanding shares of Common Stock, the Conversant Parties will have the right to designate a member of the Issuer's board of directors (the "Board"). If the Conversant Parties beneficially own at least 15% of the outstanding shares of Common Stock, they will have the right to designate two members of the Board, and they will have the right to designate three members of the Board if they beneficially own at least 20% of outstanding shares of Common Stock. Additionally, the Conversant Parties will have the right to designate the Board's chairperson so long as the Conversant Parties own at least 5% of Common Stock and the right to designate a member of the Board's Nominating and Governance Committee so long as the Conversant Parties own at least 10% of Common Stock. Although no designations to the Board will be effective before the effective time of the CNL Merger, the Conversant Parties expect to appoint Michael Simanovsky, Conversant Capital's Managing Partner, as a member and the chairperson of the Board, to join Robert Grove, Conversant Capital's Principal, and Benjamin P. Harris, who now serve on the Board. These individuals would represent the Conversant Parties' three designees. The Reporting Persons anticipate that the Conversant Parties' designees to the Board will, in performance of their duties as members of the Board, participate in discussions with the other members of the Board, as well as with the Issuer's management, employees, advisors and investors, and other persons, that may relate to any or all of the matters described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.&#13;
&#13;
The IRA will also provide that for so long as the Conversant Parties beneficially own at least 15% of the outstanding shares of Common Stock, the Issuer will not without Investor A's consent undertake certain fundamental or significant actions or transactions, such as changing the Issuer's business, entering into any merger or acquisition in excess of certain agreed limits, issuing debt or equity beyond certain agreed limits, transferring equity of the Issuer's subsidiaries, entering into change of control agreements, liquidating or dissolving the Issuer, or engaging in certain preferential transactions in respect of the Issuer securities ranked junior to its Series A Preferred Stock. Further, the IRA will provide that for so long as the Conversant Parties beneficially own at least 14.9% of the outstanding shares of Common Stock, the Conversant Parties will remain entitled to certain pre-emptive rights with respect to certain issuances of the Issuer equity securities. Common Stock held by the Conversant Parties will not be subject to the contractual transfer restrictions, however, for eighteen months following the closing of the Equity Financing, the Conversant Parties will be subject to standstill pursuant to which they will not (i) participate in nominating or removing any Board member (other than a director designees by the Conversant Parties) or in changing the composition of the Board, or engaging in a proxy solicitation, and (ii) initiating or proposing to call a special meeting of the Issuer's stockholders.&#13;
&#13;
The Post-Merger Conversant Investors, Silk, PF Investors, LLC (together with Silk, the "Silk Investors"), and, together with the Post-Merger Conversant Investors, collectively, the "Investors") and the Issuer have also agreed that at the closing of the Equity Financing they will enter into an amended and restated Registration Rights Agreement (the "RRA") to be effective as of the CNL Merger, pursuant to which, among other things, the Issuer will be obligated to prepare and file, as soon as reasonably practicable following the Equity Financing closing and no later than three (3) months thereafter, a shelf registration statement registering the resale of all Issuer equity securities acquired by the Conversant Parties prior to and pursuant to the Equity Financing. The Issuer will further agree to use its reasonable best efforts to cause the registration statement to become effective as soon as practicable after the filing and to maintain the effectiveness of the registration statement until the termination of the RRA. If the shelf registration described above is not effective and not available for use by the Investors then the Investors will be entitled to "demand" registration of their Issuer equity securities, with the Post-Merger Conversant Investors having 2 demand registration rights. Additionally, the Investors may request up to 4 takedowns within any 12-month period, subject to certain limitations, including a minimum aggregate offering price of $10,000,000. The Investors will have piggyback registration rights whenever the Issuer proposes to register its equity securities. In connection with the foregoing, the Post-Merger Conversant Investors will also agree that for so long as they beneficially own 5% or more of Common Stock, they will agree to enter into customary lock-up agreements (not to exceed 60 days) with managing underwriters in connection with underwritten offerings of the Issuer's equity securities. The RRA will terminate upon the earlier of (1) the date when all securities held by the Investors have been sold, and (2)  the later of (i) the date when the Post-Merger Conversant Investors or the Silk Investors, as applicable, are able to sell all of its securities pursuant to Rule 144 without being subject to volume or manner of sale limitations thereunder and (ii) the Post-Merger Conversant Investors or the Silk Investors, as applicable, together with their affiliates, beneficially own less than 10% of Common Stock.&#13;
&#13;
The Reporting Persons expect to review from time to time their investment in the Issuer and may, depending on the market and other conditions, determine to: (i) subject to the terms and conditions of the RRA, increase or decrease their position in the Issuer through, among other things, the purchase or sale of shares of Common Stock and/or other equity, debt, derivative securities or other instruments that are convertible into Common Stock, or are based upon or relate to the value of shares of Common Stock (collectively, "Securities") on the open market or in private transactions, including through a trading plan created under Rule 10b5-1(c) or otherwise, on such terms and at such times as the Reporting Persons may deem advisable and/or (ii) enter into transactions that increase or hedge its economic exposure to shares of Common Stock or other Securities without affecting the Reporting Persons' beneficial ownership of Common Stock or other Securities. Such transactions may take place at any time and without prior notice. There can be no assurance, however, that any Reporting Person or any of their affiliates will take any such actions.&#13;
&#13;
The Reporting Persons may, from time to time, engage in discussions with members of the Issuer's management and Board, other current and prospective holders of the Issuer's equity and debt securities, industry analysts, existing or potential strategic partners or competitors, investment and financing professionals, equity and debt financing sources and other third parties regarding a variety of matters relating to the Issuer, which (in addition to the matters discussed above) may include, among other things, the Issuer's business, management, capital structure, capital allocation, corporate governance, board composition and strategic alternatives and direction, and may take other steps seeking to bring about changes to increase shareholder value as well as pursue other plans or proposals that relate to or could result in any of the matters set forth in paragraphs (a) through (j), inclusive, of the instructions to Item 4 of Schedule 13D.&#13;
&#13;
Except as set forth herein and to the extent that the Reporting Persons may have influence over the corporate activities of the Issuer, including activities of the Conversant Parties' designees to the Board, that may relate to the items described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, the Reporting Persons do not have any present plan or proposal that relate to or would result in any of the matters set forth in subparagraphs (a) through (j) of Item 4 of Schedule 13D.&#13;
&#13;
Subject to the terms and conditions of the Investment Agreement, IRA and RRA, the Reporting Persons reserve the right to change their intention with respect to any and all matters referred to in this Item 4.&#13;
&#13;
The foregoing description of the Investment Agreement, IRA, RRA and the Equity Financing set forth herein and in Item 3 does not purport to be complete and is subject to, and is qualified in its entirety by, reference to the full texts of the Investment Agreement, and substantially final forms of the IRA and the RRA which are attached to the Investment Agreement, filed by the Issuer with the Commission on November 5, 2025, as Exhibit 10.1 to the Issuer's Current Report on Form 8-K and incorporated herein by reference.</transactionPurpose>
</item4>
<item5>
<percentageOfClassSecurities>With respect to each Reporting Person, the information set forth in rows 11 and 13 of the applicable cover page is incorporated herein by reference.</percentageOfClassSecurities>
<numberOfShares>With respect to each Reporting Person, the information set forth in rows 7-10 of the applicable cover page is incorporated herein by reference.</numberOfShares>
<transactionDesc>Not applicable.</transactionDesc>
<listOfShareholders>Except for clients of Conversant Capital or another investment advisor subsidiary of Conversant Capital who may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, Common Stock, Series A Preferred Stock or Warrants, if any, held in managed accounts, no person, other than the Reporting Persons are known by the Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any Common Stock, Series A Preferred Stock or Warrants described in this Schedule 13D, other than indirect interests of investors in the Conversant Parties.</listOfShareholders>
<date5PercentOwnership>Not applicable.</date5PercentOwnership>
</item5>
<item6>
<contractDescription>The disclosure set forth above in Item 4 regarding the Investment Agreement, the IRA and the RRA is incorporated herein by reference, but qualified in its entirety by reference to the full texts of the Investment Agreement, and substantially final forms of the IRA and the RRA which are attached to the Investment Agreement. See Item 7.</contractDescription>
</item6>
<item7>
<filedExhibits>Item 7 is hereby amended by the addition of the following exhibits:&#13;
&#13;
Exhibit 1.11 - Investment Agreement, dated as of November 4, 2025, by and among Sonida Senior Living, Inc., Conversant PIF Aggregator A LP, CPIF Sparti SAF, L.P., Conversant Dallas Parkway (A) LP and CPIF K Co-Invest SPT A, L.P. (incorporated by reference herein to Exhibit 10.1 of the Issuer's Current Report on Form 8-K filed with the Commission on November 5, 2025).&#13;
&#13;
Exhibit 1.12 - Voting Agreement, dated as of November 4, 2025, by and among CNL Healthcare Properties, Inc., Conversant Dallas Parkway (A) LP, Conversant Dallas Parkway (B) LP, Conversant Dallas Parkway (D) LP, Conversant Dallas Parkway (F) LP, and Conversant PIF Aggregator A LP.</filedExhibits>
</item7>
</items1To7>
<signatureInfo>
<signaturePerson>
<signatureReportingPerson>Conversant Dallas Parkway (A) LP</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Paul Dumaine</signature>
<title>Conversant GP Holdings LLC, its general partner, By Paul Dumaine, General Counsel and Chief Compliance Officer</title>
<date>11/05/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Conversant Dallas Parkway (B) LP</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Paul Dumaine</signature>
<title>Conversant GP Holdings LLC, its general partner, By Paul Dumaine, General Counsel and Chief Compliance Officer</title>
<date>11/05/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Conversant Dallas Parkway (D) LP</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Paul Dumaine</signature>
<title>Conversant GP Holdings LLC, its general partner, By Paul Dumaine, General Counsel and Chief Compliance Officer</title>
<date>11/05/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Conversant Dallas Parkway (F) LP</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Paul Dumaine</signature>
<title>Conversant GP Holdings LLC, its general partner, By Paul Dumaine, General Counsel and Chief Compliance Officer</title>
<date>11/05/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Conversant PIF Aggregator A, LP</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Paul Dumaine</signature>
<title>Conversant Private GP LLC, its general partner, By Paul Dumaine, General Counsel and Chief Compliance Officer</title>
<date>11/05/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Conversant GP Holdings LLC</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Paul Dumaine</signature>
<title>Paul Dumaine, General Counsel and Chief Compliance Officer</title>
<date>11/05/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Simanovsky Michael</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Paul Dumaine</signature>
<title>Paul Dumaine, Attorney-in-fact for Michael J. Simanovsky</title>
<date>11/05/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Conversant Capital LLC</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Paul Dumaine</signature>
<title>Paul Dumaine, General Counsel and Chief Compliance Officer</title>
<date>11/05/2025</date>
</signatureDetails>
</signaturePerson>
<signaturePerson>
<signatureReportingPerson>Conversant Private GP LLC</signatureReportingPerson>
<signatureDetails>
<signature>/s/ Paul Dumaine</signature>
<title>Paul Dumaine, General Counsel and Chief Compliance Officer</title>
<date>11/05/2025</date>
</signatureDetails>
</signaturePerson>
</signatureInfo>
</formData>

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<DOCUMENT>
<TYPE>EX-1.12
<SEQUENCE>2
<FILENAME>ex-1_12.htm
<DESCRIPTION>VOTING AGREEMENT
<TEXT>
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    <div style="text-align: right;"><font style="font-weight: bold;">Exhibit 1.12</font><br>
      <br>
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    <div style="margin-bottom: 12pt; font-weight: bold; text-align: center;">VOTING AGREEMENT</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">This Voting Agreement (this &#8220;<u>Agreement</u>&#8221;), dated as of November 4, 2025, is entered into by and among CNL Healthcare Properties, Inc., a Maryland corporation (the &#8220;<u>Company</u>&#8221;), Conversant
      Dallas Parkway (A) LP (&#8220;<u>Conversant A</u>&#8221;), Conversant Dallas Parkway (B) LP (&#8220;<u>Conversant B</u>&#8221;), Conversant Dallas Parkway (D) LP (&#8220;<u>Conversant D</u>&#8221;), Conversant Dallas Parkway (F) LP (&#8220;<u>Conversant F</u>&#8221;), and Conversant PIF Aggregator
      A LP (&#8220;<u>CPIF</u>&#8221; and, together with Conversant A, Conversant B, Conversant D, and Conversant F, &#8220;<u>Conversant</u>&#8221;) and, together with the Company, each a &#8220;<u>Party</u>&#8221; and together the &#8220;<u>Parties</u>&#8221;). Capitalized terms used but not defined
      herein shall have the meanings given to them in the Merger Agreement (as defined below).</div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">
      <div style="margin-bottom: 12pt; font-weight: bold; text-align: center;">RECITALS</div>
      <div style="text-indent: 36pt; margin-bottom: 12pt;">WHEREAS, concurrently with the execution and delivery of this Agreement, (i) Sonida Senior Living, Inc., a Delaware corporation (&#8220;<u>Parent</u>&#8221;), (ii) the Company, (iii) Sparti Merger Sub, Inc., a
        Maryland corporation and an indirect wholly-owned subsidiary of Parent (&#8220;<u>SNDA Merger Sub</u>&#8221;), (iv) SSL Sparti LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of Parent and (v) CHP Merger Corp., a Maryland
        corporation and a wholly-owned subsidiary of Company are entering into an Agreement and Plan of Merger (as may be amended, restated, modified or supplemented from time to time, the &#8220;<u>Merger Agreement</u>&#8221;), which provides for, among other things,
        a business combination of Parent and the Company, subject to the terms and conditions set forth therein (collectively, the &#8220;<u>Transactions</u>&#8221;);</div>
    </div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">
      <div style="text-indent: 36pt; margin-bottom: 12pt;">WHEREAS, as of the date hereof, Conversant is the record and/or &#8220;beneficial owner&#8221; (within the meaning of Rule 13d-3 under the Exchange Act) of, and has sole voting power over, the number of shares
        of (i) Series A Convertible Preferred Stock, par value $0.01 per share (the &#8220;<u>Series A Preferred Stock</u>&#8221;) of Parent, and (ii) common stock, par value $0.01 per share of Parent (the &#8220;<u>Common Stock</u>&#8221;, and together with the Series A
        Preferred Stock, the &#8220;<u>Parent Stock</u>&#8221;) set forth opposite Conversant A&#8217;s, Conversant B&#8217;s, Conversant D&#8217;s, Conversant F&#8217;s, and CPIF&#8217;s name on <u>Schedule A</u> hereto under the heading &#8220;Owned Shares&#8221; (such shares of Series A Preferred Stock
        and Common Stock, the &#8220;<u>Owned Shares</u>&#8221;), being all of the shares of the Parent Stock owned of record or beneficially by Conversant and its Affiliates as of the date hereof, other than the shares of Common Stock issuable upon conversion of the
        Series A Preferred Stock and the shares of Common Stock issuable upon the exercise of certain warrants to purchase shares of Common Stock at a price of $40.00 per share (&#8220;<u>Warrants</u>&#8221;) held by Conversant;</div>
      <div style="text-indent: 36pt; margin-bottom: 12pt;">WHEREAS, in connection with the Transactions, Parent is soliciting the vote of its stockholders with respect to certain matters described below;</div>
      <div style="text-indent: 36pt; margin-bottom: 12pt;">WHEREAS, as a condition and an inducement to the Company&#8217;s willingness to enter into the Merger Agreement, the Company has required that Conversant agree, and Conversant has agreed, to enter into
        this Agreement with respect to the Covered Shares (defined below); and</div>
      <div style="text-indent: 36pt; margin-bottom: 12pt;">WHEREAS, the Company desires that Conversant agrees, and Conversant is willing to agree, subject to the limitations herein, not to Transfer (defined below) any of the Covered Shares, and to vote
        the Covered Shares in a manner so as to approve the Supported Matters (defined below).</div>
      <div style="text-indent: 36pt; margin-bottom: 12pt;">NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements herein contained, and intending to be legally bound hereby, Conversant and the Company hereby agree as
        follows:</div>
      <div style="margin-bottom: 12pt; text-indent: 24.5pt;">1.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;" class="TRGRRTFtoHTMLTab">&#160;</font><u>Agreement to Vote the Owned Shares; Proxy</u>.</div>
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        <div>1.1<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;" class="TRGRRTFtoHTMLTab">&#160;</font><u>Agreement to Vote</u>. Beginning on the date hereof until the Termination Date (as defined below), at the Parent
          Stockholder Meeting or any other meeting of the stockholders of Parent (&#8220;<u>Parent Stockholders</u>&#8221;) at which any of the Supported Matters (defined below) are presented for a vote of Parent Stockholders, including any postponement, recess or
          adjournment thereof, Conversant agrees to vote (including via proxy) (or cause to be voted (including via proxy)) all of the Owned Shares and any additional shares of Common Stock acquired by Conversant or any of its Affiliates, including upon
          the conversion or Series A Preferred Stock or exercise of Warrants, after the date hereof and prior to the Termination Date (collectively, and together with the Owned Shares and the New Parent Stock (defined below), the &#8220;<u>Covered Shares</u>&#8221;)
          as follows: (a) in favor of (i) the issuance of shares of Common Stock in connection with the Transactions (the &#8220;<u>Share Issuance</u>&#8221;), (ii) the amendment to the Amended and Restated Certificate of Incorporation of Parent to increase the number
          of authorized shares of Common Stock thereunder, (iii) the approval of any proposal to adjourn or postpone any Parent Stockholder Meeting to a later date if Parent proposes or requests such postponement or adjournment due to insufficient votes to
          approve the matters contemplated by this <u>Section 1.1</u>, and (iv) the approval of any other proposal to be voted upon by the Parent Stockholders, the approval of which is necessary for the consummation of the Transactions, including the
          Equity Purchase, the First Merger and the Second Merger, but, in each case, only to the extent that such Covered Shares are entitled to be voted on such proposal by Conversant or its Affiliates; <u>provided</u>, <u>however</u>, that the
          foregoing shall not require Conversant to vote, or cause any of their Affiliates to vote, in favor of the Transactions, including the Equity Purchase, the First Merger and the Second Merger, and the Merger Agreement if the Company shall have
          amended or waived, prior to receipt of the Parent Stockholder Approval (other than any amendment or waiver that would require the further approval of the Parent Stockholders), any term or condition of the Merger Agreement in any manner that is or
          would reasonably be expected to be materially adverse to Conversant (a &#8220;<u>Conversant Adverse Amendment Proposal</u>&#8221;) unless consented to in writing by Conversant (such consent not to be unreasonably withheld, conditioned or delayed), and (b)
          against (i) any proposal, action or agreement that would result in any condition set forth in the Merger Agreement not being satisfied or not being fulfilled prior to the Termination Date, or (ii) any other proposal, action or agreement that
          would reasonably be expected to prevent, materially impede, materially delay or adversely affect the consummation of the Transactions (clauses (a) and (b) collectively, the &#8220;<u>Supported Matters</u>&#8221;, it being understood that a Conversant Adverse
          Amendment Proposal shall not constitute a Supported Matter). Conversant agrees to, and agrees to cause its applicable Affiliates to, be present, in person or by proxy, at every meeting of Parent Stockholders, including any postponement, recess or
          adjournment thereof, or in any other circumstance, however called, to vote on the Supported Matters (in the manner described in this <u>Section 1.1</u>) so that the Covered Shares will be counted for purposes of determining the presence of a
          quorum at such meeting, or otherwise cause the Covered Shares to be counted as present thereat for purposes of establishing a quorum, but, in each case, only if Conversant or its Affiliate, as applicable, is the holder of Covered Shares as of the
          record date for the applicable meeting of Parent Stockholders. For the avoidance of doubt, other than with respect to the Supported Matters, Conversant and its Affiliates do not have any obligation to vote the Covered Shares in any particular
          manner and, with respect to such other matters (other than the Supported Matters), Conversant and its Affiliates shall be entitled to vote the Covered Shares in its sole discretion. Conversant agrees its obligations pursuant to this <u>Section
            1.1</u> shall not be changed or altered as a result of the Parent Board having withdrawn the Parent Board Recommendation or resolved to no longer make the Parent Board Recommendation or if the Joint Proxy Statement/Prospectus shall fail to
          contain the Parent Board Recommendation.<br>
        </div>
        <div style="margin-top: 12pt; text-indent: 54pt;">1.2<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;" class="TRGRRTFtoHTMLTab"></font><u>Irrevocable Proxy</u>. Conversant hereby revokes any and all previous
          proxies or powers of attorney with respect to the Covered Shares. Conversant hereby irrevocably constitutes and appoints as its true and lawful proxy and attorney-in-fact the Company, with full power of substitution and resubstitution, to cause
          the Covered Shares to be present, and to vote the Covered Shares, in accordance with <u>Section 1.1</u> at the Parent Stockholder Meeting or any other meeting of Parent Stockholders at which any of the Supported Matters are presented for a vote
          of Parent Stockholders (including any postponement, recess or adjournment thereof) prior to the Termination Date at which any Supported Matters are to be considered, if and only if Conversant (a) fails to be counted as present, to consent or to
          vote in a timely manner, (b) is prohibited from voting due to applicable Law, or (c) attempts to vote in a manner inconsistent with the terms of <u>Section 1.1</u>. The power of attorney granted hereunder shall authorize the Company to execute
          and deliver any documentation required by this Agreement on behalf of Conversant failing to do so within one Business Day after request of the Company. Conversant and the Company (or its substitute hereunder) shall have the right to vote the
          Covered Shares in accordance with this Agreement on the matters set forth in <u>Section 1.1</u> and Conversant shall be obligated to so vote the Covered Shares. Notwithstanding the foregoing, Conversant shall retain at all times the right to
          vote (or not vote) Covered Shares (or to direct how such Covered Shares shall be voted or not voted) in Conversant&#8217;s sole discretion on matters other than Supported Matters. This proxy and power of attorney granted hereunder is coupled with an
          interest, is given as an additional inducement of the Company to enter into the Merger Agreement and shall be irrevocable prior to the Termination Date, at which time any such proxy shall automatically terminate. The Company may terminate this
          proxy with respect to Conversant at any time at its sole election by written notice provided to Conversant.</div>
        <div style="margin-top: 12pt; text-indent: 54pt;"> <br>
        </div>
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          <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">2</font></div>
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          <div style="margin-top: 12pt; margin-bottom: 12pt; text-indent: 24.5pt;">2.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;" class="TRGRRTFtoHTMLTab">&#160;</font><u>Termination</u>. This Agreement shall terminate
            automatically and without further action of the parties hereto upon the earlier to occur of: (a) the valid termination of the Merger Agreement in accordance with its terms, (b) the Equity Purchase Effective Time (such date, the &#8220;<u>Termination
              Date</u>&#8221;), or (c) such date and time as any Conversant Adverse Amendment Proposal is effected without Conversant&#8217;s prior written consent (such consent not to be unreasonably withheld, conditioned or delayed); <u>provided</u>, that the
            provisions set forth in <u>Sections 3.2</u>, and <u>9</u> through <u>21</u> hereof shall survive the termination of this Agreement, and in the case of <u>Section 15</u>, only with respect to specific enforcement of covenants in the other
            surviving provisions; <u>provided</u>, that no such termination shall relieve any party from any liability or damages resulting from any willful and material breach of any of its covenants or agreements set forth in this Agreement prior to
            such termination of this Agreement. For purposes of this Agreement &#8220;<u>willful and material breach</u>&#8221; means a deliberate action taken by the breaching Party or a deliberate failure to act by the breaching Party that it is required to take
            under this Agreement that the breaching Party actually knows would, or would reasonably be expected to, be or cause a material breach of this Agreement.</div>
        </div>
      </div>
    </div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">
      <div style="margin-bottom: 12pt; text-indent: 24.5pt;">3.<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;" class="TRGRRTFtoHTMLTab">&#160;</font><u>Certain Covenants of Conversant</u>.</div>
      <div style="margin-bottom: 12pt; text-indent: 54pt;">3.1<font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;" class="TRGRRTFtoHTMLTab">&#160;</font><u>Restrictions on Transfers and Purchases</u>.</div>
      <div style="margin-bottom: 12pt; text-indent: 54pt; margin-left: 45pt;">&#160; 3.1.1.&#160;&#160;&#160; Beginning on the date hereof until the earlier of (i) the Termination Date and (ii) the last day of the Closing VWAP period, Conversant hereby covenants and agrees
        that, except as expressly contemplated pursuant to this Agreement, Conversant shall not, directly or indirectly (a) Transfer (defined below) or enter into any contract or agreement for the Transfer of, any Covered Shares or the Warrants or
        beneficial ownership or voting power thereof or therein, (b) grant or purport to grant any proxies or powers of attorney, deposit any Covered Shares into a voting trust or enter into any similar agreement (other than this Agreement), arrangement,
        or understanding with any person with respect to any Covered Shares that is inconsistent with this Agreement, (c) acquire any Parent Stock or (d) commit or agree to take any of the foregoing actions. Notwithstanding anything to the contrary in this
        Agreement, Conversant may Transfer any or all of the Covered Shares to any of Conversant&#8217;s Affiliates; provided, that, prior to and as a condition to the effectiveness of such Transfer, such transferee shall have executed and delivered to the
        Company a counterpart of this Agreement pursuant to which such transferee shall be bound by all of the terms and provisions of this Agreement. Any Transfer in violation of this Section 3.1 shall be void ab initio. If any involuntary Transfer of any
        Covered Shares shall occur, the transferee (which term, as used herein, shall include any and all transferees and subsequent transferees of the initial transferee) shall take and hold such Covered Shares subject to all of the restrictions,
        liabilities and rights under this Agreement, which shall continue in full force and effect until the Termination Date.<br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">3</font></div>
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      <div style="margin-bottom: 12pt; text-indent: 54pt; margin-left: 45pt;">3.1.2.&#160;&#160;&#160; Additional Purchases.&#160; Conversant agrees that any shares of Parent Stock and any other shares of capital stock or other equity that Conversant acquires beneficial
        ownership of after the execution of this Agreement and prior to the Termination Date (the &#8220;New Parent Stock&#8221;) shall be subject to the terms and conditions of this Agreement to the extent as and shall constitute Covered Shares, and Conversant shall
        promptly notify the Company of the existence of any New Parent Stock.<br>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 54pt; margin-left: 45pt;">3.1.3.&#160;&#160;&#160; &#8220;Transfer&#8221; as used herein, means any direct or indirect offer, sale, lease, assignment, encumbrance, loan, pledge, grant of a security interest, hypothecation,
        disposition or other transfer (by operation of law or otherwise) either voluntary or involuntary, or entry into any contract, option or other arrangement or understanding with respect to any offer, sale, lease, assignment, encumbrance, loan,
        pledge, hypothecation, disposition or other transfer (by operation of law or otherwise), of any capital stock or interest in any capital stock (or any security convertible or exchangeable into such capital stock), including in each case through the
        Transfer of any Person or any interest in any Person; provided, that any transaction shall not constitute a Transfer so long as such transaction does not in any way limit the ability of Conversant A, Conversant B, Conversant D, Conversant F, or
        CPIF to vote its Covered Shares in accordance with the terms of this Agreement. <br>
      </div>
    </div>
    <br>
    <div style="margin-bottom: 12pt; text-indent: 54pt;">3.2<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;"> </font><u>Documentation and Information</u>. Conversant shall permit and hereby
      consents to and authorizes Parent and the Company to publish and disclose in all documents and schedules filed with the SEC, and any press release or other disclosure document that Parent and the Company reasonably determines to be necessary in
      connection with the Merger Agreement and any of the Transactions, including a copy of this Agreement, the identity of Conversant and its ownership of Covered Shares and the nature of Conversant&#8217;s commitments and obligations under this Agreement.
      Conversant and its Affiliates shall reasonably cooperate with Parent and the Company, including providing such other information regarding Conversant and its Affiliates reasonably requested by Parent and the Company, in connection with the filings
      and notifications to be made with the SEC and other Governmental Authorities in connection with the Transactions.</div>
    <div style="margin-bottom: 12pt; text-indent: 54pt;">
      <div style="margin-bottom: 12pt; text-indent: 24.5pt;">4.<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Representations and Warranties of Conversant</u>. Each of Conversant A,
        Conversant B, Conversant D, Conversant F, and CPIF hereby represents and warrants to the Company as follows:</div>
      <div style="margin-bottom: 12pt; text-indent: 54pt;">4.1<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Due Authority</u>. Each of Conversant A, Conversant B, Conversant D,
        Conversant F, and CPIF is a legal entity duly organized, validly existing and in good standing under the laws of its jurisdiction of formation. Each of Conversant A, Conversant B, Conversant D, Conversant F, and CPIF has all requisite corporate or
        other similar power and authority and has taken all corporate or other similar action necessary (including approval by the board of directors or applicable corporate or other bodies) to execute, deliver, comply with and perform its obligations
        under this Agreement in accordance with the terms hereof and to consummate the transactions contemplated hereby, and no other action on the part of or vote of holders of any equity securities of Conversant A, Conversant B, Conversant D, Conversant
        F, and CPIF is necessary to authorize the execution and delivery of, compliance with and performance by Conversant A, Conversant B, Conversant D, Conversant F, and CPIF of this Agreement. This Agreement has been duly executed and delivered by
        Conversant A, Conversant B, Conversant D, Conversant F, and CPIF and, assuming the due execution and delivery of this Agreement by the Company, constitutes a valid and binding agreement of each of Conversant A, Conversant B, Conversant D,
        Conversant F, and CPIF enforceable against each of Conversant A, Conversant B, Conversant D, Conversant F, and CPIF in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
        moratorium and other similar laws affecting or relating to creditors&#8217; rights generally.</div>
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        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">4</font></div>
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      <div style="margin-bottom: 12pt; text-indent: 54pt;">4.2<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>No Conflict</u>. The execution and delivery of, compliance with and
        performance of this Agreement by each of Conversant A, Conversant B, Conversant D, Conversant F, and CPIF do not and will not (a) conflict with or result in any violation or breach of any provision of the certificate of formation or operating
        agreement or similar organizational documents of Conversant A, Conversant B, Conversant D, Conversant F, and CPIF, (b) conflict with or result in a violation or breach of any applicable Law, or (c) require any consent by any Person under,
        constitute a default, or an event that, with or without notice or lapse of time or both, would constitute a default under, or cause or permit, or give to others any right to, the termination, cancellation, amendment or acceleration of, or result in
        the creation of a Lien on any of the Covered Shares under any contract, note, bond, mortgage, indenture, agreement, lease, license, permit, franchise or other instrument or obligation binding upon Conversant A, Conversant B, Conversant D,
        Conversant F, and CPIF, or to which any of its properties, rights or other assets are subject, except in the case of clauses (b) and (c) above, any such violation, breach, conflict, consent, default, termination, acceleration, cancellation or loss
        that would not, individually or in the aggregate, reasonably be expected to restrict, prohibit or impair or materially impede or delay the performance by Conversant A, Conversant B, Conversant D, Conversant F, and CPIF of its obligations under this
        Agreement.</div>
      <div style="margin-bottom: 12pt; text-indent: 54pt;">4.3<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Consents</u>. No consent, approval, order or authorization of, or
        registration, declaration or filing with, any Governmental Authority or any other Person, is required by or with respect to Conversant A, Conversant B, Conversant D, Conversant F, and CPIF in connection with the execution and delivery of this
        Agreement or the performance by Conversant A, Conversant B, Conversant D, Conversant F, and CPIF of its obligations under this Agreement, except (a) as required by the rules and regulations promulgated under the Exchange Act, the Securities Act, or
        state securities, takeover and &#8220;blue sky&#8221; laws, (b) the applicable rules and regulations of the SEC or any applicable stock exchange, or (c) as would not, individually or in the aggregate, reasonably be expected to restrict in any material respect,
        prohibit, impair in any material respect or materially impede or delay the performance by any of Conversant A, Conversant B, Conversant D, Conversant F, and CPIF of its obligations under this Agreement.</div>
      <div style="margin-bottom: 12pt; text-indent: 54pt;">4.4<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Ownership.</u> Each of Conversant A, Conversant B, Conversant D,
        Conversant F, and CPIF is, as of the date hereof, the record and beneficial owner of the Owned Shares opposite such Person&#8217;s name on Schedule A attached hereto, with the sole voting power over such Owned Shares, and all of which Owned Shares are
        free and clear of any Liens, other than (a) as disclosed in the Schedule 13D filed by Conversant A, Conversant B, Conversant GP Holdings LLC, Michael J. Simanovsky, and Conversant Capital LLC with the SEC on November 12, 2021 (as amended, the &#8220;<u>Schedule
          13D</u>&#8221;), (b) those created by this Agreement or (c) those arising under applicable securities laws that would not reasonably be expected to (i) impair in any material respect the ability of each of Conversant A, Conversant B, Conversant D,
        Conversant F, and CPIF to perform its obligations under this Agreement or (ii) prevent or material impede or delay the consummation of any of the transactions contemplated by this Agreement. Except as disclosed in the Schedule 13D, as of the date
        hereof, none of Conversant A, Conversant B, Conversant D, Conversant F, and CPIF owns, of record or beneficially, any shares of capital stock of Parent, or other rights to acquire shares of capital stock of Parent, in each case other than the Owned
        Shares and the Warrants. The Schedule 13D filing persons have the sole right to dispose of the Owned Shares, and none of the Owned Shares is subject to any pledge, disposition, transfer, voting agreement, proxy, power of attorney or other
        agreement, arrangement or restriction, except as contemplated by this Agreement or as set forth in the Schedule 13D. As of the date hereof, Conversant has not entered into any agreement to Transfer any Owned Shares and no person has a right to
        acquire any of the Owned Shares held by Conversant.</div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">5</font></div>
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      <div style="margin-bottom: 12pt; text-indent: 54pt;">4.5<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Absence of Litigation</u>. As of the date hereof, there is no legal action
        pending against, or, to the knowledge of Conversant, threatened against or affecting Conversant that would reasonably be expected to prevent or impair the ability of Conversant to perform its obligations under this Agreement.</div>
      <div style="margin-bottom: 12pt; text-indent: 24.5pt;">5.<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Non-Survival of Representations and Warranties</u>. The representations
        and warranties contained herein shall not survive the Termination Date.</div>
      <div style="margin-bottom: 12pt; text-indent: 24.5pt;">6.<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Certain Adjustments</u>. In the event of a stock split, stock dividend or
        distribution, or any change in the Parent Stock by reason of any split-up, reverse stock split, recapitalization, combination, reclassification, exchange of shares or the like, the terms &#8220;Parent Stock&#8221;, &#8220;Owned Shares&#8221; and &#8220;Covered Shares&#8221; shall be
        deemed to refer to and include such shares as well as all such stock dividends and distributions and any securities into which or for which any or all of such shares may be changed or exchanged or which are received in such transaction.</div>
      <div style="margin-bottom: 12pt; text-indent: 24.5pt;">7.<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Further Assurances</u>. Conversant shall, from time to time, execute and
        deliver, or cause to be executed and delivered, such additional or further consents, documents and other instruments as the Company may reasonably request to the extent necessary to effect the transactions contemplated by this Agreement.
        <div><br>
        </div>
        <div style="margin-bottom: 12pt; text-indent: 24.5pt;">8.<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Notices</u>. All notices, requests, claims, consents, demands and other
          communications under this Agreement shall be in writing and delivered (i) in person, (ii) by electronic mail including a .pdf attachment, or (iii) sent by prepaid overnight courier, to the parties at the following addresses (or at such other
          addresses as shall be specified by the applicable party by like notice):</div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 24.5pt;"> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">6</font></div>
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      <div style="margin-bottom: 12pt; text-indent: 24.5pt;"><br>
        <div style="margin-left: 72pt; margin-bottom: 12pt;">if to Conversant to:</div>
        <div style="margin-left: 72pt;">c/o Conversant Capital LLC</div>
        <div style="margin-left: 72pt;">25 Deforest Avenue</div>
        <div style="margin-left: 72pt;">Summit, NJ 07901</div>
        <div style="margin-left: 72pt;">Attn:&#160;&#160; Paul Dumaine</div>
        <div style="margin-left: 72pt;">Email: pdumaine@conversantcap.com</div>
        <div><br>
        </div>
        <div style="margin-left: 72pt; margin-bottom: 12pt;">with a copy (which will not constitute notice) to:</div>
        <div style="margin-left: 72pt;">Fried, Frank, Harris, Shriver &amp; Jacobson LLP</div>
        <div style="margin-left: 72pt;">One New York Plaza</div>
        <div style="margin-left: 72pt;">New York, NY 10004</div>
        <div style="margin-left: 72pt;">Attn:&#160;&#160; John M. Bibona</div>
        <div style="margin-left: 72pt; margin-bottom: 12pt;">Email: john.bibona@friedfrank.com</div>
        <div style="margin-left: 72pt; margin-bottom: 12pt;">if to the Company (prior to the Termination Date) to:</div>
        <div style="margin-right: 72pt; margin-left: 72pt; margin-bottom: 12pt;">
          <div>CNL Healthcare Properties, Inc.<br>
          </div>
          <div>450 South Orange Avenue, Suite 1400<br>
          </div>
          <div>Orlando, FL 32801</div>
          <div>Attention: Tracey B. Bracco, Esq.</div>
          <div style="margin-bottom: 12pt;">Email: tracey.bracco@cnl.com</div>
        </div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 24.5pt;"> <br>
      </div>
      <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
        <div class="BRPFPageNumberArea" style="text-align: center;"><font class="BRPFPageNumber" style="font-size: 8pt; font-weight: normal; font-style: normal;">7</font></div>
        <div style="page-break-after: always;" class="BRPFPageBreak">
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      <div style="margin-bottom: 12pt; text-indent: 24.5pt;"><br>
        <div>
          <div style="margin-left: 72pt;">with a copy (which shall not constitute notice) to:</div>
        </div>
        <div>&#160;<br>
        </div>
        <div>
          <div style="margin-left: 72pt;">Arnold &amp; Porter Kaye Scholer LLP</div>
        </div>
        <div>
          <div style="margin-left: 72pt;">3 Embarcadero Center, 10<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> Floor</div>
        </div>
        <div>
          <div style="margin-left: 72pt;">San Francisco, CA 94111</div>
        </div>
        <div style="margin-bottom: 12pt;">
          <div style="font-size: 12pt; margin-left: 72pt;"> <font style="font-size: 10pt;">Attention:&#160;Edward A. Deibert</font></div>
          <div style="font-size: 12pt;">
            <div style="font-size: 10pt; margin-left: 72pt;">Email: edward.deibert@arnoldporter.com</div>
          </div>
        </div>
      </div>
      <div style="margin-bottom: 12pt; text-indent: 24.5pt;"><br>
        All notices, requests, claims, consents, demands and other communications under this Agreement shall be deemed duly given or made when delivered, which may be evidenced by a signed delivery receipt or notification of a refusal to accept notice from
        a delivery service. For the avoidance of doubt, counsel for any party may send notices, requests, claims, consents demands or other communications on behalf of such party.</div>
      <div style="margin-bottom: 12pt; text-indent: 24.5pt;">9.<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Interpretation</u>. Where a reference in this Agreement is made to a
        section or schedule, such reference shall be to a section of or schedule to this Agreement unless otherwise indicated. If a term is defined as one part of speech (such as a noun), it shall have a corresponding meaning when used as another part of
        speech (such as a verb). Unless the context of this Agreement clearly requires otherwise, words importing the masculine gender shall include the feminine and neutral genders and vice versa, and the definitions of terms contained in this Agreement
        are applicable to the singular as well as the plural forms of such terms. The words &#8220;includes&#8221; or &#8220;including&#8221; shall mean &#8220;including without limitation,&#8221; the words &#8220;hereof,&#8221; &#8220;hereby,&#8221; &#8220;herein,&#8221; &#8220;hereunder&#8221; and similar terms in this Agreement shall
        refer to this Agreement as a whole and not any particular section or article in which such words appear, the word &#8220;extent&#8221; in the phrase &#8220;to the extent&#8221; shall mean the degree to which a subject or other thing extends and such phrase shall not mean
        simply &#8220;if,&#8221; any reference to a law shall include any rules and regulations promulgated thereunder, and any reference to any law in this Agreement shall mean such law as from time to time amended, modified or supplemented.
        <div><br>
        </div>
        <div style="margin-bottom: 12pt; text-indent: 24.5pt;">10.<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Entire Agreement</u>. This Agreement (along with the documents
          referenced herein) collectively constitute the entire agreement, and supersede all other prior agreements, understandings, representations and warranties both written and oral, among the parties hereto, with respect to the subject matter hereof.</div>
        <div style="margin-bottom: 12pt; text-indent: 24.5pt;">11.<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>No Third-Party Beneficiaries</u>. This Agreement shall be binding upon
          and inure solely to the benefit of the parties hereto and their respective successors and permitted assigns, and nothing in this Agreement, express or implied, is intended to or shall confer upon any other Person any right, benefit or remedy of
          any nature whatsoever under or by reason of this Agreement. Notwithstanding the foregoing, Parent shall be an intended third-party beneficiary of this Agreement and shall be entitled to enforce the provisions of this Agreement that confer rights
          or benefits upon it.</div>
        <div style="margin-bottom: 12pt; text-indent: 24.5pt;">12.<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Governing Law; Waiver of Jury Trial</u>. This Agreement, and all
          Actions (whether at Law, in contract or in tort) that may be based upon, arise out of or be related to this Agreement or the negotiation, execution or performance of this Agreement, shall be governed by, and construed in accordance with, the laws
          of the State of Maryland, without giving effect to any choice or conflicts of Law principles (whether of the State of Maryland or any other jurisdiction) that would cause the application of the Laws of any jurisdiction other than the State of
          Maryland. Each of the parties (a) irrevocably consents to the service of the summons and complaint and any other process (whether inside or outside the territorial jurisdiction of the Chosen Courts) in any Action arising out of or relating to
          this Agreement, for and on behalf of itself or any of its properties or assets, in accordance with <u>Section 8</u> or in such other manner as may be permitted by applicable law, but nothing in this <u>Section 12</u> will affect the right of
          any party to serve legal process in any other manner permitted by applicable law, (b) irrevocably and unconditionally consents and submits itself and its properties and assets in any Action to the exclusive general jurisdiction of the Chosen
          Courts in the event that any dispute or controversy arises out of or relates to this Agreement, (c) irrevocably and unconditionally agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave
          from any Chosen Court, (d) agrees that any Action arising out of or relating to this Agreement will be brought, tried and determined only in the Chosen Courts, (e) waives any objection that it may now or hereafter have to the venue of any such
          Action in the Chosen Courts or that such Action was brought in an inconvenient court and agrees not to plead or claim the same, and (f) agrees that it will not bring any Action arising out of or relating to this Agreement in any court other than
          the Chosen Courts. Each of the parties agrees that a final judgment in any Action in the Chosen Courts will be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by applicable law. EACH
          PARTY HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY SUIT, ACTION OR OTHER PROCEEDING (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF THIS
          AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY (A) CERTIFIES THAT NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH PARTY WOULD NOT, IN THE EVENT OF ANY ACTION, SUIT OR PROCEEDING, SEEK TO
          ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT, BY, AMONG OTHER THINGS, THE MUTUAL WAIVER AND CERTIFICATIONS IN THIS <u>SECTION</u><u> 12</u>.</div>
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      <div style="margin-bottom: 12pt; text-indent: 24.5pt;"> <br>
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        <div style="margin-bottom: 12pt; text-indent: 24.5pt;">13.<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Assignment; Successors</u>. Except in connection with a permitted
          Transfer pursuant to <u>Section 3.1</u> or as otherwise provided herein, neither this Agreement nor any of the rights, interests or obligations under this Agreement may be assigned or delegated, in whole or in part, by operation of law or
          otherwise, by any party hereto without the prior written consent of the other parties hereto, and any such assignment without such prior written consent shall be null and void. Subject to the preceding sentence, this Agreement will be binding
          upon, inure to the benefit of, and be enforceable by, the parties hereto and their respective successors and assigns.</div>
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          which monetary damages, even if available, would not be an adequate remedy would occur in the event that the parties hereto do not perform the provisions of this Agreement (including any party hereto failing to take such actions that are required
          of it hereunder in order to perform its obligations under this Agreement) in accordance with its specified terms or otherwise breach such provisions. The parties hereto acknowledge and agree that (a) the parties hereto will be entitled, in
          addition to any other remedy to which they are entitled at law or in equity, to an injunction, specific performance and other equitable relief to prevent breaches (or threatened breaches) of this Agreement or to enforce specifically the terms and
          provisions hereof without the requirement of posting any bond, (b) the parties hereto will not assert that a remedy of monetary damages would provide an adequate remedy for such breach and (c) the right of specific enforcement is an integral part
          of the transactions contemplated hereby and without that right, neither the Company nor Conversant would have entered into this Agreement.</div>
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          Action based upon, arising out of, or related to this Agreement, or the negotiation, execution or performance of this Agreement, may only be brought against the entities that are expressly named as parties hereto and then only with respect to the
          specific obligations set forth herein with respect to such party. No past, present or future director, officer, employee, incorporator, manager, member, general or limited partner, stockholder, equityholder, controlling person, Affiliate, agent,
          attorney or other Representative of any party hereto or any of their successors or permitted assigns or any direct or indirect director, officer, employee, incorporator, manager, member, general or limited partner, stockholder, equityholder,
          controlling person, Affiliate, agent, attorney, Representative, successor or permitted assign of any of the foregoing, shall have any liability to Conversant or the Company for any obligations or liabilities of any party under this Agreement or
          for any Action (whether in tort, contract or otherwise) based on, in respect of or by reason of the transactions contemplated hereby or in respect of any written or oral representations made or alleged to be made in connection herewith.</div>
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          or the application thereof, becomes or is declared by a court of competent jurisdiction to be illegal, void or unenforceable, the remainder of this Agreement will continue in full force and effect and the application of such provision to other
          Persons or circumstances will be interpreted so as reasonably to effect the intent of the parties hereto. The parties hereto further agree to replace such void or unenforceable provision of this Agreement with a valid and enforceable provision
          that will achieve, to the extent possible, the economic, business and other purposes of such void or unenforceable provision.</div>
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          executed in counterparts, each of which shall be deemed an original and all of which together shall be deemed one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the Parties and
          delivered to the other Parties (including by means of electronic delivery). Facsimile and electronic (e.g., .pdf format) transmission of any signed original document shall be deemed the same as delivery of an original. Each Party intends that any
          electronic signatures complying with the U.S. federal ESIGN Act of 2000 (including DocuSign) constitute original signatures binding upon such Party and that an electronic copy or counterpart of this Agreement containing signatures (original or
          electronic) of such Party shall be deemed to be an original counterpart of this Agreement.</div>
        <div style="margin-bottom: 12pt; text-indent: 24.5pt;">18.<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Amendment; Waiver</u>. This Agreement may be amended by the parties
          hereto, and the terms and conditions hereof may be waived, only by an instrument in writing signed on behalf of each of the parties hereto, or, in the case of a waiver, by an instrument signed on behalf of the party waiving compliance and, to the
          extent any such waiver affects the rights or benefits conferred upon Parent, Parent. No failure or delay on the part of a party in the exercise of any right or remedy hereunder shall impair such right or power or be construed to be a waiver of,
          or acquiescence in, any breach of any representation, warranty or agreement herein, nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or of any other right or power.</div>
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          acknowledge that each party to this Agreement has been represented by counsel in connection with this Agreement and the transactions contemplated by this Agreement. Accordingly, any rule of law or any legal decision that would require
          interpretation of any claimed ambiguities in this Agreement against the drafting party has no application and is expressly waived.</div>
        <div style="margin-bottom: 18pt; text-indent: 24.5pt;">20.<font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt;">&#160;</font><u>Action in Parent Stockholder Capacity Only</u>. The parties
          acknowledge that this Agreement is being entered into by Conversant solely in its capacity as a record and/or beneficial owner of the Covered Shares, and nothing in this Agreement shall in any way restrict or limit the ability of Conversant, any
          of its Affiliates or any of their respective Representatives who is a director or officer of Parent or any of Parent&#8217;s Subsidiaries to take, or refrain from taking, any action in his or her capacity as a director or officer of Parent or any of
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        Conversant D, Conversant F, and CPIF agrees that in connection with any acquisitions of New Parent Stock or Transfers (to the extent permitted) of Covered Shares by any of such party, such party will, as promptly as practicable following the
        completion thereof, notify Company in writing of such acquisition or Transfer and the parties will update Schedule A hereto to reflect the effect of such acquisition or Transfer.</div>
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        <div style="text-align: center;">[<font style="font-style: italic;">Signature pages follow</font>]</div>
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            <div style="margin-left: 261pt; font-weight: bold;"><br>
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                    <td style="width: 16%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 11.98%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 1.01%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 10.3%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 25.8%;" colspan="1" rowspan="1">&#160;</td>
                  </tr>
                  <tr>
                    <td style="width: 17.92%;" rowspan="1">&#160;</td>
                    <td style="width: 17%;" rowspan="1">&#160;</td>
                    <td style="width: 16%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 11.98%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 1.01%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 10.3%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 25.8%;" colspan="1" rowspan="1"><font style="font-weight: bold;">CONVERSANT DALLAS PARKWAY (F) LP</font></td>
                  </tr>
                  <tr>
                    <td style="width: 17.92%;" rowspan="1">&#160;</td>
                    <td style="width: 17%;" rowspan="1">&#160;</td>
                    <td style="width: 16%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 11.98%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 1.01%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 10.3%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 25.8%;" colspan="1" rowspan="1">By: Conversant GP Holdings LLC, its general partner</td>
                  </tr>
                  <tr>
                    <td style="width: 17.92%;" rowspan="1">&#160;</td>
                    <td style="width: 17%;" rowspan="1">&#160;</td>
                    <td style="width: 16%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 11.98%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 1.01%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 10.3%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 25.8%;" colspan="1" rowspan="1">
                      <div>By:&#160; <u> /s/ Michael Simanovsky</u></div>
                      <div>Name: Michael Simanovsky<br>
                      </div>
                      <div>Title:&#160;&#160; Managing Member</div>
                    </td>
                  </tr>
                  <tr>
                    <td style="width: 17.92%;" rowspan="1">&#160;</td>
                    <td style="width: 17%;" rowspan="1">&#160;</td>
                    <td style="width: 16%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 11.98%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 1.01%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 10.3%;" colspan="1" rowspan="1">&#160;</td>
                    <td style="width: 25.8%;" colspan="1" rowspan="1">&#160;</td>
                  </tr>

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            <div style="margin-left: 261pt; font-weight: bold; clear: both;"> <br>
            </div>
          </div>
        </div>
      </div>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="width: 100%;" class="BRPFPageFooter">
        <div style="text-align: center;">[<font style="font-style: italic;">Signature Page to Voting Agreement</font>]</div>
      </div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0);"></div>
      <div id="BRPFPageHeader">
        <div><br>
        </div>
      </div>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" border="0" style="font-family: 'Times New Roman',Times,serif; font-size: 10pt; color: rgb(0, 0, 0); width: 100%;" id="zae5319e3046443559539e62f14386ad9">

          <tr>
            <td style="width: 31%;">
              <div>&#160;</div>
            </td>
            <td style="width: 11%;">
              <div>&#160;</div>
            </td>
            <td style="width: 15%;">
              <div>&#160;</div>
            </td>
            <td style="width: 12%;">
              <div>&#160;</div>
            </td>
            <td style="width: 1%;">
              <div>&#160;</div>
            </td>
            <td style="width: 10%;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%;">
              <div>
                <div style="font-weight: bold;">CONVERSANT PIF AGGREGATOR A LP</div>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 31%;">
              <div>&#160;</div>
            </td>
            <td style="width: 11%;">
              <div>&#160;</div>
            </td>
            <td style="width: 15%;">
              <div>&#160;</div>
            </td>
            <td style="width: 12%;">
              <div>&#160;</div>
            </td>
            <td style="width: 1%;">
              <div>&#160;</div>
            </td>
            <td style="width: 10%;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%;">
              <div>By: Conversant Private GP LLC, its general partner <br>
              </div>
            </td>
          </tr>
          <tr>
            <td style="width: 31%;">
              <div>&#160;</div>
            </td>
            <td style="width: 11%;">
              <div>&#160;</div>
            </td>
            <td style="width: 15%;">
              <div>&#160;</div>
            </td>
            <td style="width: 12%;">
              <div>&#160;</div>
            </td>
            <td style="width: 1%;">
              <div>&#160;</div>
            </td>
            <td style="width: 10%;">
              <div>&#160;</div>
            </td>
            <td style="width: 20%;">
              <div>By:&#160; <u> /s/ Michael Simanovsky</u></div>
              <div>Name: Michael Simanovsky<br>
              </div>
              <div>Title:&#160;&#160; Managing Member</div>
            </td>
          </tr>

      </table>
    </div>
    <div style="clear: both;"> <br>
    </div>
    <div> <br>
    </div>
    <div class="BRPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
      <div style="width: 100%;" class="BRPFPageFooter">
        <div>
          <div style="text-align: center;">[<font style="font-style: italic;">Signature Page to Voting Agreement</font>]</div>
        </div>
      </div>
      <div class="BRPFPageBreak" style="page-break-after: always;">
        <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: rgb(0, 0, 0); background-color: rgb(0, 0, 0);"></div>
      <div id="BRPFPageHeader">
        <div><br>
        </div>
      </div>
    </div>
    <div> <br>
    </div>
    <div style="text-indent: 36pt; margin-bottom: 12pt;">
      <div style="margin-bottom: 18pt; font-weight: bold;">
        <div style="text-align: center;"><u>Schedule A</u> </div>
        <div><br>
        </div>
        <br>
        <div style="margin-bottom: 18pt; font-weight: bold; text-align: center;">Owned Shares</div>
        <div style="margin-bottom: 18pt; font-weight: bold;">
          <table cellspacing="0" cellpadding="0" border="0" align="center" id="zafa8e05561f44d3b9b398d61d4148bfc" style="width: 60%; color: #000000; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">

              <tr>
                <td style="width: 16%; vertical-align: middle; background-color: rgb(182, 182, 182); border-color: rgb(0, 0, 0); border-style: solid; border-width: 1px;" rowspan="2">
                  <div style="font-weight: bold; text-align: center;">Party</div>
                </td>
                <td style="width: 39.6%; vertical-align: middle; background-color: rgb(182, 182, 182); border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);" rowspan="2">
                  <div style="font-weight: bold; text-align: center;">Stockholder</div>
                </td>
                <td style="vertical-align: middle; background-color: rgb(182, 182, 182); border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);" colspan="2">
                  <div style="font-weight: bold; text-align: center;">Owned Shares</div>
                </td>
              </tr>
              <tr>
                <td style="width: 22%; vertical-align: middle; background-color: rgb(182, 182, 182); border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="font-weight: bold; text-align: center;">Series A Preferred Stock</div>
                </td>
                <td style="width: 21.79%; vertical-align: middle; background-color: rgb(182, 182, 182); border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);">
                  <div style="font-weight: bold; text-align: center;">Common Stock</div>
                </td>
              </tr>
              <tr>
                <td style="width: 16%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">Conversant A</div>
                </td>
                <td style="width: 39.6%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">Conversant Dallas Parkway (A) LP</div>
                </td>
                <td style="width: 22%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">38,742</div>
                </td>
                <td style="width: 21.79%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">5,266,159</div>
                </td>
              </tr>
              <tr>
                <td style="width: 16%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">Conversant B</div>
                </td>
                <td style="width: 39.6%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">Conversant Dallas Parkway (B) LP</div>
                </td>
                <td style="width: 22%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">2,508</div>
                </td>
                <td style="width: 21.79%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">709,744</div>
                </td>
              </tr>
              <tr>
                <td style="width: 16%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">Conversant D</div>
                </td>
                <td style="width: 39.6%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center; text-indent: 0pt;">Conversant Dallas Parkway (D) LP</div>
                </td>
                <td style="width: 22%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">&#8212;</div>
                </td>
                <td style="width: 21.79%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">1,032,216</div>
                </td>
              </tr>
              <tr>
                <td style="width: 16%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">Conversant F</div>
                </td>
                <td style="width: 39.6%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">Conversant Dallas Parkway (F) LP</div>
                </td>
                <td style="width: 22%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">&#8212;</div>
                </td>
                <td style="width: 21.79%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">648,942</div>
                </td>
              </tr>
              <tr>
                <td style="width: 16%; vertical-align: middle; border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">CPIF</div>
                </td>
                <td style="width: 39.6%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">Conversant PIF Aggregator A LP</div>
                </td>
                <td style="width: 22%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">&#8212;</div>
                </td>
                <td style="width: 21.79%; vertical-align: middle; border-right: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
                  <div style="text-align: center;">1,607,592</div>
                </td>
              </tr>

          </table>
        </div>
      </div>
      <div style="margin-bottom: 18pt; font-weight: bold; clear: both;"><u> <br>
        </u></div>
      <div style="margin-bottom: 18pt; font-weight: bold;"><u> </u><u> </u></div>
      <div style="margin-bottom: 18pt; font-weight: bold;"><u> <br>
        </u></div>
      <div style="margin-bottom: 18pt; font-weight: bold;"><u> <br>
        </u></div>
      <div style="margin-bottom: 18pt; font-weight: bold;"><u> <br>
        </u></div>
      <div style="margin-bottom: 18pt; font-weight: bold;"><u> <br>
        </u></div>
    </div>
  </div>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
