EXHIBIT 10.2

 

FIRST AMENDMENT TO LEASE AGREEMENT

 

THIS FIRST AMENDMENT TO LEASE AGREEMENT (this “First Amendment”) is entered into
as of May 30, 2003 by and between SNH CHS PROPERTIES TRUST, a Maryland real
estate investment trust (“Landlord”), and FVE-CHS LLC, a Delaware limited
liability company (“Tenant”).

 

W I T N E S S E T H :

 

WHEREAS, Landlord and Tenant are parties to that certain Lease Agreement dated
as of October 25, 2002 (the “Lease”), for nine (9) properties, as more
particularly described in the Lease; and

 

WHEREAS, Landlord and Tenant wish to amend the Lease to add three (3) additional
properties, subject to and upon the terms and conditions hereinafter provided;

 

NOW, THEREFORE, in consideration of the foregoing and for other consideration,
the mutual receipt and legal sufficiency of which are hereby acknowledged,
Landlord and Tenant hereby agree as follows:

 

1.             THE DEFINITION OF “AGREEMENT” SET FORTH IN ARTICLE 1 OF THE LEASE
IS HEREBY AMENDED BY DELETING THE EXISTING DEFINITION AND INSERTING THE
FOLLOWING IN PLACE THEREOF:

 

“Agreement” shall mean this Lease Agreement, including Exhibits A-1 through A-12
hereto, as it and they may be amended from time to time as herein provided.

 

2.             THE DEFINITION OF “MINIMUM RENT” SET FORTH IN ARTICLE 1 OF THE
LEASE IS HEREBY AMENDED BY DELETING THE EXISTING DEFINITION AND INSERTING THE
FOLLOWING IN PLACE THEREOF:

 

“Minimum Rent” shall mean an amount equal to Six Million Nine Hundred
Thirty-Five Thousand and 00/100 Dollars ($6,935,000.00) per annum.

 

3.             THE DEFINITION OF “LEASED PROPERTY” SET FORTH IN SECTION 2.1 OF
THE LEASE IS HEREBY AMENDED BY DELETING SUBPARAGRAPH (A) THEREOF AND REPLACING
IT THE WITH THE FOLLOWING:

 

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(a)           those certain tracts, pieces and parcels of land, as more
particularly described in Exhibits A-1 through A-12, attached hereto and made a
part hereof (the “Land”);

 

4.             EXHIBITS A-10 THOUGHT A-12 ATTACHED HERETO ARE HEREBY ADDED TO
THE LEASE AS EXHIBITS A-10 THROUGH A-12.

 

5.             AS AMENDED HEREBY, THE LEASE IS HEREBY RATIFIED AND CONFIRMED.

 

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IN WITNESS WHEREOF, the parties hereto have executed this First Amendment under
seal as of the date first written above.

 

 

LANDLORD:

 

 

 

SNH CHS PROPERTIES TRUST

 

 

 

By:

/s/ John R. Hoadley

 

 

 

Name:  John R. Hoadley

 

 

 

Title:  Treasurer

 

 

 

 

TENANT:

 

 

 

FVE-CHS LLC

 

 

 

By:

/s/ Bruce J. Mackey, Jr.

 

 

 

Name:  Bruce J. Mackey, Jr.

 

 

 

Title:  Treasurer

 

 

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OMITTED EXHIBITS

 

The following exhibits to the First Amendment to Lease Agreement have been
omitted:

 

Exhibit A-10

Dominion Village at Chesapeake

 

 

Exhibit A-11

Dominion Village at Poquoson

 

 

Exhibit A-12

Dominion Village at Williamsburg

 

The Registrant agrees to furnish supplementally a copy of the foregoing omitted
exhibits to the Securities and Exchange Commission upon request.

 

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