500,000 Shares ADCARE HEALTH SYSTEMS, INC. UNDERWRITING AGREEMENTUnderwriting Agreement • October 23rd, 2013 • Adcare Health Systems, Inc • Services-skilled nursing care facilities • New York
AdCare Health Systems, Inc., an Ohio corporation (the “Company”), proposes, subject to the terms and conditions of this Underwriting Agreement (this “Agreement”), to issue and sell to the public through MLV & Co. LLC (“MLV”), who is acting as the representative (the “Representative”) of the several underwriters (the “Underwriters”) named in Schedule I hereto, on a best efforts basis, an aggregate of up to 500,000 shares of the Company’s 10.875% Series A Redeemable Cumulative Preferred Stock, no par value per share (the “Securities”).
