STOR STORE Capital Corporation

Effective February 3, 2023, STORE Capital LLC (the “Company”) entered into employment agreements (each, an “Employment Agreement”) with each of the following executive officers:

The Employment Agreements provide that each officer will serve in the specified role for an initial term of three years, with automatic one-year renewal terms unless either party provides notice of non-renewal to the other party not less than 90 days before the termination of the then existing term.

Pursuant to the Employment Agreements, each officer (i) will be paid an annual base salary, (ii) will be eligible to receive an annual cash incentive bonus based on the achievement of certain performance metrics over each fiscal year, and (iii) will be eligible to receive a grant under a long-term incentive plan (“LTIP”) based on the achievement of certain performance metrics over a three-year period performance period. The initial annual base salary, initial target bonus amount (the “Target Bonus Amount”), and initial target LTIP grant for each officer are as set forth in the table below:

In addition, the Employment Agreements provide that, if an officer’s employment is terminated by the Company without “cause” or by the officer for “good reason” (each as defined in the Employment Agreements), such officer will be entitled to receive certain severance benefits in addition to accrued obligations (as defined in the Employment Agreements), including (i) an amount equal to a multiple of such officer’s base salary in effect on the date of termination (1.5x in the case of Ms. Fedewa, and 1x in the case of the other officers), (ii) an amount equal to such officer’s Target Bonus Amount, (iii) 12 months of COBRA continuation coverage at the rate such officer would have paid under the Company’s group health benefit plans and (iv) a prorated LTIP payment based on the Board’s determination of actual performance for the entire performance period. The Employment Agreements contain customary restrictive covenants, including confidentiality, non-competition and non-solicitation provisions, that apply during the term of employment with the Company and for 12 months thereafter.

The foregoing description of the Employment Agreements does not purport to be complete and is qualified in its entirety by the full text of the Employment Agreements, copies of which will be timely filed as exhibits to an upcoming periodic report in accordance with applicable rules and regulations of the Securities and Exchange Commission.