Exhibit 10.2
 
FIRST AMENDMENT TO
PURCHASE AND SALE AGREEMENT
 
THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (this “First Amendment”) is
made by and between GR IRF I, LP, a Texas limited partnership (“Seller”), and
GLOBAL REHAB DALLAS, LP, a Delaware limited partnership (“Buyer”).  Terms
appearing herein with the first letter thereof capitalized and which are not
otherwise defined shall have the respective meanings set forth in the Contract.

R E C I T A L S:

A.       WHEREAS, Seller and Buyer entered into that certain Purchase and Sale
Agreement, dated effective as of July 19, 2010 (the “Contract”), for the
purchase and sale of real property and certain improvements thereon located at
1340 Empire Central Drive, Dallas, Dallas County, Texas (the “Property”);

B.       WHEREAS, Seller and Buyer desire to amend the Contract, all as more
particularly set forth herein.

A G R E E M E N T S:

NOW, THEREFORE, for Ten Dollars ($10.00) and other good and valuable
consideration, receipt and sufficiency of which are hereby acknowledged, the
parties hereto hereby agree as follows:

1.       Section 3.6 of the Contract is hereby amended to clarify that Buyer’s
right to terminate the Contract pursuant to the terms set forth in Section
3.6(c), and to receive a return of the Earnest Money Deposit upon such
termination, shall be effective notwithstanding the fact that the Due Diligence
Period may have expired prior to the deadline for Buyer to send its Title Notice
or, if applicable, to elect an option under 3.6(c)(i)-(iii).

2.       Section 3.6(b) of the Contract is hereby amended to extend Buyer’s
deadline to send its Title Notice until July 19, 2010.

3.       Except as expressly modified herein, all of the terms and conditions of
the Contract shall remain in full force and effect.

4.       This First Amendment may be executed in multiple counterparts, each of
which shall be deemed an original but all of which, together, shall constitute
one and the same instrument.

[SIGNATURES ON FOLLOWING PAGE ]
 
 
 

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IN WITNESS WHEREOF, Seller and Buyer have executed this First Amendment as of
the 19th day of July, 2010.

 
SELLER:
           
GR IRF I, LP,
 
a Texas limited partnership
           
By:
GR IRF Managers, LLC,
   
a Texas limited liability company,
   
its General Partner
                                 
By:
/s/ Jason K. Dodd
       
Jason K. Dodd, Manager

 

 
BUYER:
               
GLOBAL REHAB DALLAS, LP,
 
a Delaware limited partnership
               
By:
Global Rehab Dallas GP, LLC, sole
   
general partner
                 
By:
CGI Healthcare Operating Partnership, LP,
     
sole member
                   
By:
Cornerstone Healthcare Plus
       
REIT, Inc., sole general partner
                                                 
By:
/s/ Terry G. Roussel
           
Terry G. Roussel
         
President and CEO

 
 
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