13D Filing: Park City Capital, Llc and Adcare Health Systems Inc (NYSEMKT:ADK)

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CUSIP No. 000650W300 13D/A

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SIGNATURE

After reasonable inquiry
and to the best of our knowledge and belief, the undersigned certify that the information set forth in this Statement is true,
complete and correct.

In accordance with
Rule 13d-1(k)(1)(iii) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing
on behalf of each of them of this Statement on Schedule 13D with respect to the Common Stock of the Company.

Dated: March 27, 2017

PARK CITY CAPITAL OFFSHORE MASTER, LTD. PARK CITY CAPITAL, LLC
By: /s/ Michael J. Fox By: /s/ Michael J. Fox
Michael J. Fox, Michael J. Fox,
Director Manager
PCC SOF GP LLC MICHAEL J. FOX
By: /s/ Michael J. Fox By: /s/ Michael J. Fox
Michael J. Fox, Michael J. Fox
Managing Member
PARK CITY CAPITAL SPECIAL OPPORTUNITY FUND, LP
By: PCC SOF GP LLC, its general partner
By: /s/ Michael J. Fox
Michael J. Fox,
Managing Member

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