Four Corners Property Trust, Inc. - Term Loan Agreement

Four Corners Property Trust, Inc. (the "Company") and its subsidiary, Four Corners Operating Partnership, LP (the "Borrower"), entered into a Term Loan Agreement with The Huntington National Bank as administrative agent. The agreement provides for a senior unsecured delayed draw term loan facility of up to $200.0 million, with $50.0 million funded at closing. The facility includes an accordion feature to increase commitments by an additional $100.0 million under certain conditions. Interest rates are based on SOFR plus an applicable margin or an alternate base rate plus an applicable margin, determined by the Company's credit rating. The loan facility matures on April 6, 2033. The Company and its subsidiary, Four Corners GP, LLC,Guaranteed the obligations under the agreement. The agreement contains customary covenants, including restrictions on debt, mergers, asset sales, and distributions, as well as financial covenants related to leverage and coverage ratios. Events of default are also defined, which could lead to termination of the facility and acceleration of repayment.