EXECUTION COPY
Exhibit 10.3
 
FIRST AMENDMENT TO
PURCHASE AND SALE AGREEMENT
AND ESCROW INSTRUCTIONS
BY AND BETWEEN
THE SELLER PARTIES IDENTIFIED HEREIN
(“Seller”)
and
MPT OPERATING PARTNERSHIP, L.P.,
a Delaware limited partnership
(“Buyer”)
Dated effective as of March 28, 2008
 

 

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FIRST AMENDMENT TO
PURCHASE AND SALE AGREEMENT
AND ESCROW INSTRUCTIONS
     THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS
(this “Amendment”) is made effective as of March 28, 2008 (the “Effective
Date”), by and between HCP, INC. (formerly known as Health Care Property
Investors, Inc.), a Maryland corporation (“HCP”), FAEC HOLDINGS (BC), LLC, a
Delaware limited liability company (“FAEC”), HCPI TRUST, a Maryland real estate
trust (“HCPIT”), HCP DAS PETERSBURG VA, LP, a Delaware limited partnership
(“HCPDAS”), and TEXAS HCP HOLDING, L.P., a Delaware limited partnership (“THH”,
and together with HCP, HCPIT, HCPDAS and FAEC collectively, “Seller”), and MPT
OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“Buyer”).
RECITALS

A.   Buyer and Seller entered into that certain Agreement of Purchase and Sale
dated as of March 13, 2008 (the “Purchase Agreement”), for the purchase and sale
of certain properties more particularly described therein. All capitalized terms
used but not defined in this Amendment shall have the same meanings as set forth
in the Purchase Agreement.   B.   Buyer and Seller wish to amend the Purchase
Agreement as set forth below.

AGREEMENT
          NOW, THEREFORE, in consideration of the mutual covenants contained
herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Buyer and Seller agree that the
Purchase Agreement is amended as follows:

1.   Closing Date. In the first sentence of Section 4.1(a) of the Purchase
Agreement, “March 28, 2008” is hereby replaced with “March 31, 2008”, such that
the Closing Date under the
Purchase Agreement shall be March 31, 2008.   2.   Continuity of Purchase
Agreement. Except as amended by this Amendment, the Purchase Agreement remains
in full force and effect and is hereby ratified and confirmed.   3.  
Counterparts. This Amendment may be executed in counterparts, all such executed
counterparts shall constitute the same agreement, and the signature of any party
to any counterpart shall be deemed a signature to, and may be appended to, any
other counterpart.   4.   Electronically Transmitted Signatures. Telecopied
signatures or signatures sent by electronic mail may be used in place of
original signatures on this Amendment. Seller and Buyer intend to be bound by
the signatures on the telecopied or electronically mailed document, are aware
that the other party will rely on the telecopied or electronically mailed
signatures, and hereby waive any defenses to the enforcement of the terms of
this Amendment based on the

 

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    form of signature. Following any facsimile or electronic mail transmittal,
the party shall promptly deliver the original instrument by reputable overnight
courier in accordance with the notice provisions of the Purchase Agreement.
 
5.   Severabilitv. If any provision of this Amendment is determined by a court
of competent jurisdiction to be invalid or unenforceable, the remainder of this
Amendment shall nonetheless remain in full force and effect.   6.   Governing
Law. This Amendment shall be governed by and construed in accordance with the
laws of the State of New York without regard to any principle or rule of law
that would require the application of the law of any other jurisdiction.

[Signature Pages Follow]

2

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     IN WITNESS WHEREOF, the parties hereto have duly executed this Amendment as
of the Effective Date.

                      SELLER:    
 
                    HCP, INC.,
a Maryland corporation      
 
                    By:   /s/ Brian J. Maas         Name:   Brian J. Maas      
  Its:   SVP    

                      FAEC HOLDINGS (BC), LLC,
a Delaware limited liability company    
 
                    By:   HCP, INC., a Maryland corporation
its Sole Member    
 
               
 
      By:   /s/ Brian J. Maas    
 
      Name:   Brian J. Maas    
 
      Its:   SVP    

                      HCP DAS PETERSBURG VA, LP,
a Delaware limited partnership    
 
                    By:   HCP DAS PETERSBURG VA GP, LLC,
a Delaware limited liability company, its General Partner    
 
               
 
      By:   /s/ Brian J. Maas    
 
      Name:   Brian J. Maas    
 
      Its:   SVP    
 
                    TEXAS HCP HOLDING, L.P.,
a Delaware limited partnership    
 
                    By:   TEXAS HCP G.P., INC.,
a Delaware corporation, its General Partner    
 
               
 
      By:   /s/ Brian J. Maas    
 
      Name:   Brian J. Maas    
 
      Its:   SVP    

Signature Page

 

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                      HCPI TRUST,
a Maryland real estate trust    
 
                    By:   /s/ Brian J. Maas         Name:   Brian J. Maas    
 
  Its:   SVP        

Signature Page

 

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  BUYER:        
 
                    MPT OPERATING PARTNERSHIP, L.P.,
a Delaware limited partnership    
 
               
 
  By:   MEDICAL PROPERTIES TRUST, LLC,
a Delaware limited liability company, its General Partner    
 
               
 
      By:   MEDICAL PROPERTIES TRUST, INC.,
a Maryland corporation, its Sole Member

             
 
  By:   /s/ Emmett E McLean
 
  Name:   Emmett E McLean
 
  Its:   Executive Vice President and COO

Signature Page