Exhibit 10.2
 LEASE AGREEMENT,
   SNH LTF PROPERTIES LLC,
   LTF REAL ESTATE COMPANY, INC.




---



##### 



Table of Contents
 PageARTICLE 1 DEFINITIONS
    
    
    11.1
    
    Acquiring Guarantor
    
    
    11.2
    
    Additional Charges
    
    
    11.3
    
    Affiliated Person
    
    
    21.4
    
    Agreement
    
    
    21.5
    
    Applicable Laws
    
    
    21.6
    
    Award
    
    
    21.7
    
    Business Day
    
    
    31.8
    
    Capital Addition
    
    
    31.9
    
    Capital Expenditure
    
    
    31.10
    
    Change in Control
    
    
    31.11
    
    Claims
    
    
    31.12
    
    Code
    
    
    31.13
    
    Commencement Date
    
    
    41.14
    
    Condemnation
    
    
    41.15
    
    Condemnor
    
    
    41.16
    
    Date of Taking
    
    
    41.17
    
    Default
    
    
    41.18
    
    Disbursement Rate
    
    
    41.19
    
    Easement Agreement
    
    
    41.20
    
    Encumbrance
    
    
    41.21
    
    Entity
    
    
    51.22
    
    Environment
    
    
    51.23
    
    Environmental Obligation
    
    
    51.24
    
    Environmental Notice
    
    
    51.25
    
    Equity Interest
    
    
    51.26
    
    Event of Default
    
    
    51.27
    
    Extended Terms
    
    
    51.28
    
    Facility Mortgage
    
    
    51.29
    
    Facility Mortgagee
    
    
    51.30
    
    Fair Market Value
    
    
    51.31
    
    Financial Officers Certificate
    
    
    61.32
    
    Financials
    
    
    61.33
    
    Fiscal Year
    
    
    61.34
    
    Fitness Center
    
    
    61.35
    
    Fixed Term
    
    
    61.36
    
    Fixtures
    
    
    61.37
    
    FMV Rent
    
    
    61.38
    
    GAAP
    
    
    71.39
    
    Government Agencies
    
    
    71.40
    
    Guarantor
    
    
    71.41
    
    Guaranty
    
    
    71.42
    
    Hazardous Substances
    
    
    71.43
    
    Immediate Family
    
    
    81.44
    
    Impositions
    
    
    91.45
    
    Insurance Requirements
    
    
    101.46
    
    Interest Rate
    
    
    101.47
    
    Land
    
    
    10
 i




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##### 



Table of Contents
 Page1.48
    
    Landlord
    
    
    101.49
    
    Landlord Default
    
    
    101.50
    
    Landlord Liens
    
    
    101.51
    
    Lease Year
    
    
    111.52
    
    Leased Improvements
    
    
    111.53
    
    Leased Intangible Property
    
    
    111.54
    
    Leased Personal Property
    
    
    111.55
    
    Leased Property
    
    
    111.56
    
    Legal Requirements
    
    
    111.57
    
    Lien
    
    
    111.58
    
    LTF
    
    
    121.59
    
    LTF Guaranty
    
    
    121.60
    
    Management Agreement
    
    
    121.61
    
    Manager
    
    
    121.62
    
    Minimum Rent
    
    
    121.63
    
    Notice
    
    
    121.64
    
    Offer
    
    
    121.65
    
    Officers Certificate
    
    
    121.66
    
    Overdue Rate
    
    
    121.67
    
    Parent
    
    
    121.68
    
    Permitted Encumbrances
    
    
    131.69
    
    Permitted Use
    
    
    131.70
    
    Person
    
    
    131.71
    
    Property
    
    
    131.72
    
    Qualified Appraiser
    
    
    131.73
    
    Rent
    
    
    131.74
    
    Rent Adjustment Rate
    
    
    131.75
    
    SEC
    
    
    131.76
    
    Security Deposit
    
    
    131.77
    
    State
    
    
    141.78
    
    Subsidiary
    
    
    141.79
    
    Substitute Property
    
    
    141.80
    
    Substitution Date
    
    
    141.81
    
    Successor Landlord
    
    
    141.82
    
    Tangible Net Worth
    
    
    141.83
    
    Tenant
    
    
    141.84
    
    Tenants Personal Property
    
    
    151.85
    
    Term
    
    
    151.86
    
    Unsuitable for Its Permitted Use
    
    
    151.87
    
    Work
    
    
    16ARTICLE 2 LEASED PROPERTY AND TERM
    
    
    162.1
    
    Leased Property
    
    
    162.2
    
    Condition of Leased Property
    
    
    172.3
    
    Fixed Term
    
    
    182.4
    
    Extended Terms
    
    
    182.5
    
    Substitution of Properties; Sale of Non-Economic Property, Etc.
    
    
    19ARTICLE 3 RENT
    
    
    24
 
 ii




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##### 



Table of Contents
 Page3.1
    
    Rent
    
    
    243.2
    
    Late Payment of Rent, Etc.
    
    
    293.3
    
    Net Lease
    
    
    293.4
    
    No Termination, Abatement, Etc.
    
    
    29ARTICLE 4 USE OF THE LEASED PROPERTY
    
    
    304.1
    
    Permitted Use
    
    
    304.2
    
    Compliance with Legal/Insurance Requirements, Etc.
    
    
    314.3
    
    Environmental Matters
    
    
    32ARTICLE 5 MAINTENANCE AND REPAIRS
    
    
    345.1
    
    Maintenance and Repair
    
    
    345.2
    
    Tenants Personal Property
    
    
    365.3
    
    Yield Up
    
    
    365.4
    
    Management Agreement
    
    
    37ARTICLE 6 IMPROVEMENTS, ETC.
    
    
    386.1
    
    Improvements to the Leased Property
    
    
    386.2
    
    Salvage
    
    
    39ARTICLE 7 LIENS
    
    
    397.1
    
    Liens
    
    
    397.2
    
    Subordination of Landlords Lien
    
    
    39ARTICLE 8 PERMITTED CONTESTS
    
    
    40ARTICLE 9 INSURANCE AND INDEMNIFICATION
    
    
    419.1
    
    General Insurance Requirements
    
    
    419.2
    
    Waiver of Claims and Subrogation
    
    
    459.3
    
    Miscellaneous
    
    
    459.4
    
    No Separate Insurance
    
    
    469.5
    
    Indemnification of Landlord
    
    
    46ARTICLE 10 CASUALTY
    
    
    4710.1
    
    Insurance Proceeds
    
    
    4710.2
    
    Damage or Destruction
    
    
    4710.3
    
    Damage Near End of Term
    
    
    4910.4
    
    Tenants Property
    
    
    5010.5
    
    Restoration of Tenants Property
    
    
    5010.6
    
    No Abatement of Rent
    
    
    5010.7
    
    Waiver
    
    
    50ARTICLE 11 CONDEMNATION
    
    
    5011.1
    
    Total Condemnation, Etc.
    
    
    5011.2
    
    Partial Condemnation
    
    
    5011.3
    
    No Abatement of Rent
    
    
    5211.4
    
    Temporary Condemnation
    
    
    5211.5
    
    Allocation of Award
    
    
    52ARTICLE 12 DEFAULTS AND REMEDIES
    
    
    5312.1
    
    Events of Default
    
    
    5312.2
    
    Remedies
    
    
    5612.3
    
    Tenants Waiver
    
    
    5712.4
    
    Application of Funds
    
    
    5712.5
    
    Landlords Right to Cure Tenants Default
    
    
    58ARTICLE 13 HOLDING OVER
    
    
    58ARTICLE 14 LANDLORD DEFAULT
    
    
    58
 iii




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##### 



Table of Contents
 PageARTICLE 15 PURCHASE RIGHTS
    
    
    59ARTICLE 16 SUBLETTING AND ASSIGNMENT
    
    
    6016.1
    
    Subletting and Assignment
    
    
    6016.2
    
    Required Sublease Provisions
    
    
    6316.3
    
    Permitted Sublease
    
    
    6416.4
    
    Sublease Limitation
    
    
    65ARTICLE 17 ESTOPPEL CERTIFICATES AND FINANCIAL STATEMENTS
    
    
    6517.1
    
    Estoppel Certificates
    
    
    6517.2
    
    LTF Financial Statements
    
    
    6517.3
    
    Other Financial Statements
    
    
    6717.4
    
    General
    
    
    68ARTICLE 18 LANDLORDS RIGHT TO INSPECT
    
    
    69ARTICLE 19 EASEMENTS
    
    
    6919.1
    
    Grant of Easements
    
    
    6919.2
    
    Exercise of Rights by Tenant
    
    
    7019.3
    
    Permitted Encumbrances
    
    
    70ARTICLE 20 RIGHT OF FIRST OFFER
    
    
    7020.1
    
    Right of First Offer
    
    
    7020.2
    
    Attornment
    
    
    7120.3
    
    General
    
    
    71ARTICLE 21 REPRESENTATIONS AND WARRANTIES
    
    
    7221.1
    
    Representations of Tenant
    
    
    7221.2
    
    Representations of Landlord
    
    
    73ARTICLE 22 FACILITY MORTGAGES
    
    
    7422.1
    
    Landlord May Grant Liens
    
    
    7522.2
    
    Subordination of Lease
    
    
    7522.3
    
    Notice to Mortgagee and Superior Landlord
    
    
    77ARTICLE 23 ADDITIONAL COVENANTS OF TENANT
    
    
    7723.1
    
    Prompt Payment of Indebtedness
    
    
    7723.2
    
    Conduct of Business
    
    
    7723.3
    
    Maintenance of Accounts and Records
    
    
    7823.4
    
    Notice of Litigation, Etc.
    
    
    7823.5
    
    Liens and Encumbrances
    
    
    78ARTICLE 24 MISCELLANEOUS
    
    
    7824.1
    
    Limitation on Payment of Rent
    
    
    7824.2
    
    No Waiver
    
    
    7924.3
    
    Remedies Cumulative
    
    
    7924.4
    
    Severability
    
    
    7924.5
    
    Acceptance of Surrender
    
    
    7924.6
    
    No Merger of Title
    
    
    8024.7
    
    Conveyance by Landlord
    
    
    8024.8
    
    Quiet Enjoyment
    
    
    8024.9
    
    No Recordation
    
    
    8024.10
    
    Notices
    
    
    8124.11
    
    Construction
    
    
    8224.12
    
    Counterparts; Headings
    
    
    8324.13
    
    Applicable Law, Etc.
    
    
    8324.14
    
    Right to Make Agreement
    
    
    8324.15
    
    Attorneys Fees
    
    
    84
 iv




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##### 



LEASE AGREEMENT
 THIS LEASE AGREEMENT SNH LTF PROPERTIES
LLC LTF REAL ESTATE COMPANY, INC. Tenant
 WITNESSETH :
 WHEREAS, Article 1 Exhibits A-1  A-4
 WHEREAS
 NOW, THEREFORE,
 ARTICLE 1
 DEFINITIONS
  1.1  Acquiring Guarantor 
 1.2  Additional Charges  Section
3.1.2




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##### 



1.3  Affiliated Person 
 1.4  Agreement  Exhibits A-1 through
A-4
 1.5  Applicable Laws 
 1.6  Award 
 -2-




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##### 



1.7  Business Day 
 1.8  Capital Addition 
 1.9  Capital Expenditure 
 1.10 Change in Control
 1.11  Claims  Article 8
 1.12  Code 
 -3-




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##### 



1.13  Commencement Date 
 1.14  Condemnation 
 1.15  Condemnor 
 1.16  Date of Taking 
 1.17  Default 
 1.18  Disbursement Rate  The Wall Street Journal provided however
 1.19  Easement Agreement  Section 19.1
 1.20  Encumbrance  Section 22.1
 -4-




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##### 



1.21  Entity 
 1.22  Environment 
 1.23  Environmental Obligation  Section
4.3.1
 1.24  Environmental Notice  Section
4.3.1
 1.25 Equity Interest
 1.26  Event of Default  Section
12.1
 1.27  Extended Terms  Section 2.4
 1.28  Facility Mortgage  Article 22
 1.29  Facility Mortgagee 
 1.30  Fair Market Value 
 -5-




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##### 



1.31  Financial Officers Certificate  Section 17.2
 1.32  Financials 
 1.33  Fiscal Year 
 1.34  Fitness Center 
 1.35  Fixed Term  Section 2.3
 1.36  Fixtures  Section 2.1(d)
 1.37  FMV Rent 
 -6-




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##### 



Section
3.1.1(c)
 1.38  GAAP 
 1.39  Government Agencies 
 1.40 Guarantor Section 16.1
 1.41 Guaranty
 1.42 Hazardous Substances
  -7-




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##### 



et seq et seq
      1.43  Immediate Family 
 -8-




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##### 



1.44  Impositions  provided however Section 3.1.2
 -9-




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##### 



1.45  Insurance Requirements 
 1.46  Interest Rate 
 1.47  Land  Section 2.1(a)
 1.48  Landlord 
 1.49  Landlord Default  Article 14
 1.50  Landlord Liens  provided however Landlord Lien
 -10-




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##### 



1.51  Lease Year 
 1.52  Leased Improvements  Section
2.1(b)
 1.53  Leased Intangible Property 
 1.54  Leased Personal Property  Section
2.1(e)
 1.55  Leased Property  Section 2.1
 1.56  Legal Requirements 
 1.57  Lien 
 -11-




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##### 



1.58  LTF 
 1.59 LTF Guaranty
 1.60 Management Agreement
 1.61  Manager 
 1.62  Minimum Rent 
 1.63  Notice  Section 24.10
 1.64  Offer  Section 2.5
 1.65  Officers Certificate 
 1.66  Overdue Rate  per annum
 1.67  Parent 
 -12-




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##### 



1.68  Permitted Encumbrances 
 1.69  Permitted Use  Section 4.1.1
 1.70  Person 
 1.71  Property  Section 2.1
 1.72  Qualified Appraiser
 1.73  Rent 
 1.74 Rent Adjustment Rate The Wall Street Journal Section 2.5
 1.75  SEC 
 1.76  Security Deposit  Section
16.1
 -13-




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##### 



1.77  State 
 1.78  Subsidiary 
 1.79  Substitute Property 
 1.80  Substitution Date 
 1.81  Successor Landlord  Section
22.2
 1.82  Tangible Net Worth 
 1.83  Tenant 
 -14-




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##### 



1.84  Tenants Personal Property 
 1.85  Term  Section 2.4
 1.86  Unsuitable for Its Permitted Use 
 -15-




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##### 



Section 10.2.4
 1.87  Work  Section 10.2.4
 ARTICLE 2
 LEASED PROPERTY AND TERM
 2.1 Leased Property . Property Leased Property
 Exhibits A-1 through A-4 Land
 Leased
Improvements
   -16-




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##### 



Fixtures
 Leased Personal Property
   2.2 Condition of Leased Property .
 -17-




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##### 



2.3 Fixed Term . Fixed Term
 2.4 Extended Terms . Extended Term Extended
Terms
 th rd th th th Section 3.1.1(b)
 -18-




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##### 



Section 2.4
 2.5 Substitution of Properties; Sale of Non-Economic Property, Etc.
 Substitution of Properties. Section
2.5 Substitute
Properties Substitute Property Substitution Date
 Substitution Procedures
 (i)
    
    If Tenant shall initiate a substitution pursuant to Section
2.5(a) or 2.5(b), Landlord shall have a period of thirty (30) days within
which to review the designated property or properties and such additional
information to determine if it conforms to the requirements of Sections
2.5(a), 2.5(b) and 2.5(c).(ii)
    
    Landlord shall not be obligated to substitute a property as set forth in this
Section 2.5 unless (i) Landlord shall determine the Fair Market
 -19-




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##### 



Value
of the Substitute Property is not less than the Fair Market Value of the
Property proposed to be replaced immediately before such substitution and (ii)
the delivery of an opinion of counsel for Landlord confirming that (w) the
substitution of the Substitute Property for such Property will qualify as an
exchange solely of property of a like-kind under Section 1031 of the Code, in
which, generally, except for boot, no gain or loss will be recognized by
Landlord, (x) the substitution will not result in ordinary recapture income to
Landlord pursuant to Section 1250(d)(4) of the Code or any other provision of
the Code, (y) the substitution will result in income, if any, to Landlord of a
type described in Section 856(c)(2) or (3) of the Code and will not result in
the tax imposed under Section
857(b)(6) of the Code, and (z) the substitution, together with all other
substitutions made or requested by Tenant, during the relevant time period,
will not jeopardize the qualification of Landlord as a real estate
investment trust under Sections 856-860 of the Code. Landlord shall use
reasonable efforts to obtain such opinion.
 (iii)
    
    The Rent under this Agreement shall not be affected by any
substitution.
  (i)
    
    Current appraisals or other evidence satisfactory to Landlord, in its reasonable
discretion, as to the then current Fair Market Value and the projected residual
values of such Substitute Property and the Property as to which such
substitution is being made;(ii)
    
    All available revenue data relating to the Substitute Property for
the period from the date of opening for business of the Fitness Center on such
Substitute Property to the date of Tenants
 -20-




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##### 



most recent Fiscal Year end, or for
the most recent three (3) years, whichever is less;
 (iii)
    
    An Officers Certificate certifying that (A) the Substitute
Property has been accepted by Tenant for all purposes of this Agreement and
there has been no unrepaired material damage to the improvements located
thereon, nor is any Condemnation pending or threatened with respect thereto;
(B) all appropriate permits, licenses and certificates (including, but not
limited to, a permanent, unconditional certificate of occupancy and all
licenses, permits and approvals) which are necessary to permit the use of the
Substitute Property in accordance with the provisions of this Agreement have
been obtained
and are in full force and effect; (C) under applicable zoning and land use
laws, ordinances, rules and regulations, the Substitute Property may be used
for the purposes contemplated by this Agreement and all necessary
subdivision approvals, if any, have been obtained; (D) there are no
mechanics or materialmens liens outstanding or threatened to the knowledge
of Tenant against the Substitute Property arising out of or in connection
with the construction of the improvements thereon, other than those being
contested by Tenant pursuant to Article 8; (E) to the best knowledge
of Tenant, there exists no Default or Event of Default, and no defense,
offset or claim with respect to any sums payable by Tenant hereunder; and
(F) any exceptions to Landlords title to the Substitute Property shall not
materially interfere with the intended use of the Substitute Property by
Tenant;(iv)
    
    A limited warranty deed or local equivalent (together with a
landlord estoppel certificate in form and substance satisfactory to Landlord in
its sole discretion) conveying to Landlord title to the Substitute Property
free and clear of any liens or encumbrances, except those approved by Landlord;(v)
    
    An amendment duly executed, acknowledged and delivered by Tenant,
in form and substance
 -21-




---



##### 



satisfactory to Landlord, amending this Agreement to
correct the legal description of the Land and make such other changes herein as
may be necessary or appropriate under the circumstances;
 (vi)
    
    Counterparts of a standard owners policy of title insurance covering the Substitute
Property (or a valid, binding, unconditional commitment therefor), dated as of
the Substitution Date, in current form and including mechanics and
materialmens lien coverage, issued to Landlord by a title insurance company
and in the form reasonably satisfactory to Landlord, which policy shall (A)
insure (x) Landlords fee title estate
to the Substitute Property, subject to no liens or encumbrances except those
approved by Landlord and (y) that any restrictions affecting the Substitute
Property have not been violated; (B) be in an amount at least equal to the
Fair Market Value of the Substitute Property; and (C) contain such
affirmative coverage endorsements as Landlord shall reasonably request;(vii)
    
    Such third party diligence, including, without limitation,
environmental assessment reports, zoning and building evaluations and other
investigations and materials pertaining to the Property (including, without
limitation, all roofs, electric, mechanical and structural elements, and HVAC
systems) as Landlord may reasonably require;(viii)
    
    Certificates of insurance with respect to the Substitute Property fulfilling the
requirements of Article 9;(ix)
    
    Payment by Tenant of all reasonable costs and expenses paid or incurred by Landlord
in connection with the substitution and conveyance of the Substitute Property
and the Property being replaced, including, but not limited to, (A) reasonable
fees and expenses of counsel, (B) all printing expenses, (C) the amount of
filing, registration and recording taxes and fees of federal, state, county and
other municipal authorities, agencies and other governmental
 -22-




---



##### 



bodies, including,
without limitation, all registries of deeds, (D) the cost of preparing and
recording, if appropriate, a release of such Property from the lien of any
mortgage (but not any amounts, costs or charges payable under any such
mortgage), (E) brokers fees and commissions, (F) documentary stamp and
transfer taxes and any bulk sales, excise or like tax, (G) title insurance
charges and premiums, and (H) escrow fees; and
 (x)
    
    Such other certificates, documents, opinions of counsel and other
instruments as may be reasonably required by Landlord.
   Sale of Non-Economic Property . Section
2.5(d) Offer
 -23-




---



##### 



ARTICLE 3
 RENT
 3.1 Rent .
 3.1.1 Minimum Rent .
 Payments th th
 -24-




---



##### 



Payment Date th th th th
 Increases in Minimum Rent . th st nd rd th th th Section 3.1.1(b)(i) rd th th th
 Extended Term Rent .
 -25-




---



##### 



Section
3.1.1(b) Section 3.1.1(b)
 Adjustments of Minimum Rent Following Disbursements Under Sections 10.2.3 and
11.2 . Sections 10.2.3 and 11.2 per annum
 Adjustments of Minimum Rent Following Partial Lease Termination Section 2.5
 -26-




---



##### 



3.1.2 Additional Charges . Additional
Charges
 Impositions . Article 8
 -27-




---



##### 



Article 8
 provided however
 Utility Charges .
 Insurance Premiums . Article 9
 Other Charges . Sections 4.3.2 and 9.5
 Reimbursement for Additional Charges .
 -28-




---



##### 



3.2 Late Payment of Rent, Etc.
  3.3 Net Lease .
 3.4 No Termination, Abatement, Etc.
 -29-




---



##### 



ARTICLE 4
 USE OF THE LEASED PROPERTY
 4.1 Permitted Use .
 4.1.1 Permitted Use . Article 10 Article 11 Article 6
 -30-




---



##### 



4.1.2 Necessary Approvals .
 4.1.3 Lawful Use, Etc.
 4.2 Compliance with Legal/Insurance Requirements, Etc. Article 8
 -31-




---



##### 



4.3 Environmental Matters
 4.3.1 Restriction on Use, Etc. Environmental Notice Environmental Obligation
 -32-




---



##### 



Article
8
 4.3.2 Indemnification of Landlord . Indemnitees Indemnitee
 -33-




---



##### 



Section 4.3
 4.3.3 Survival . Section 4.3
 ARTICLE 5
 MAINTENANCE AND REPAIRS
 5.1 Maintenance and Repair
 5.1.1 Tenants General Obligations .
 -34-




---



##### 



Section 5.1.1 Article 10 Article 11 Section 4.3
 5.1.2 Landlords Obligations
 5.1.3 Nonresponsibility of Landlord, Etc.
  -35-




---



##### 



5.2 Tenants Personal Property . Article
15 Section 7.2
 5.3 Yield Up . Article 15
 -36-




---



##### 



Article 10 Article 11
  5.4 Management Agreement Section 5.4 Section 16.1. Section 5.4 inter alia
 -37-




---



##### 



ARTICLE 6
 IMPROVEMENTS, ETC.
 6.1 Improvements to the Leased Property .
 -38-




---



##### 



6.2 Salvage . Article
5
 ARTICLE 7
 LIENS
 7.1 Liens . Article 8 Article
16 Article 8 Article 8 Article 22
 7.2 Subordination of Landlords Lien . Article 15
 -39-




---



##### 



ARTICLE 8
 PERMITTED CONTESTS
 Claims
 -40-




---



##### 



Article 8
 ARTICLE 9
 INSURANCE AND INDEMNIFICATION
 9.1 General Insurance Requirements .
  -41-




---



##### 



Article 10
 -42-




---



##### 



Article 9
 Section 9.1(a)
 -43-




---



##### 



Section
9.1(a) Section
9.1(a)
 Section 9.1(a)
 Article 9 Section 9.1(a) Article 9
 -44-




---



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Section 9.1(a)(i)
  Section 9.1(a)(i) Section 9.1(a)(iv) Section 9.1(a)(vi) Section 9.1(a)(ii) Section
9.1(a)(v)
 9.2 Waiver of Claims and Subrogation .
 9.3 Miscellaneous . Article
10
 -45-




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9.4 No Separate Insurance . Article 9
 9.5 Indemnification of Landlord .
 -46-




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Section 9.5 Section 4.3
 ARTICLE 10
 CASUALTY
 10.1 Insurance Proceeds . Article 9 Section 10.2 provided however Section 10.2.4 Section 10.2.1 Section 10.2.1
 10.2 Damage or Destruction
 -47-




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10.2.1 Damage or Destruction of Leased Property
 10.2.2 Partial Damage or Destruction . Section 10.2.3 Section
10.2.4
 10.2.3 Insufficient Insurance Proceeds . Section 9.1 provided however Section 3.1.1(d)
 10.2.4 Disbursement of Proceeds . Section 10.2 Work
 -48-




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Article 10
 10.3 Damage Near End of Term . Section 10.1 or
10.2
 -49-




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10.4 Tenants Property .
 10.5 Restoration of Tenants Property .
 10.6 No Abatement of Rent . Article 10
 10.7 Waiver .
 ARTICLE 11
 CONDEMNATION
 11.1 Total Condemnation, Etc. Section 11.5
 11.2 Partial Condemnation .
 -50-




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Section 11.2 provided however Section 3.1.1(d)
  -51-




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Section 11.2
 11.3 No Abatement of Rent . Article 11
 11.4 Temporary Condemnation .
 11.5 Allocation of Award . Section 11.4 Section 11.5
 -52-




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Section 11.2
 ARTICLE 12
 DEFAULTS AND REMEDIES
 12.1 Events of Default . Event of Default
  Article
9
 provided however
 -53-




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-54-




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Article 10 Article 11 Article 6
 Article 8
 Article 16
 Section 16.1
   -55-




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12.2 Remedies . Section
12.1
  -56-




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12.3 Tenants Waiver . SECTION 12.1 OR
12.2 ARTICLE 12
 12.4 Application of Funds .
 -57-




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12.5 Landlords Right to Cure Tenants Default .
 ARTICLE 13
 HOLDING OVER
  ARTICLE 14
 LANDLORD DEFAULT
  -58-




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Landlord Default
 ARTICLE 15
 PURCHASE RIGHTS
  -59-




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ARTICLE 16
 SUBLETTING AND ASSIGNMENT
 16.1 Subletting and Assignment . Section 16.3
 Section 16.1 provided however Successor Tenant Required Net Worth
 -60-




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Security Deposit Section 16.1
 Section 16.1
  -61-




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Section 16.1
 Section 16.1
 -62-




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Section 16.1 Section
16.1
 16.2 Required Sublease Provisions .
 -63-




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Section 16.2 Section 16.1
 16.3 Permitted Sublease Section 16.2 Section 16.4
 -64-




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Section 16.1
 16.4 Sublease Limitation .
 ARTICLE 17
 ESTOPPEL CERTIFICATES AND FINANCIAL STATEMENTS
 17.1 Estoppel Certificates . Section 17.1
 17.2 LTF Financial Statements.
 -65-




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Section 17.4
    -66-




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17.3 Other Financial Statements .
  Section 17.4
  -67-




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17.4 General .
  -68-




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ARTICLE 18
 LANDLORDS RIGHT TO INSPECT
  ARTICLE 19
 EASEMENTS
 19.1 Grant of Easements .
   -69-




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19.2 Exercise of Rights by Tenant .
 19.3 Permitted Encumbrances . Article 19
 ARTICLE 20
 RIGHT OF FIRST OFFER
 20.1 Right of First Offer. ROFO
Notice ROFO Purchase Price ROFO Acceptance Notice
 -70-




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Article 20 Article 20 Article 20
 Article 20
 20.2 Attornment . Article 20 provided that
 20.3 General .
 -71-




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ARTICLE 21
 REPRESENTATIONS AND WARRANTIES
 21.1 Representations of Tenant
 Status and Authority of Tenant
 Action of Tenant
 No Violations of Agreements .
 Litigation .
 -72-




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Compliance With Law .
 Hazardous Substances .
 21.2 Representations of Landlord
 -73-




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Status and Authority of Landlord .
 Action of Landlord .
 No Violations of Agreements .
 Litigation .
 ARTICLE 22
 -74-




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FACILITY MORTGAGES
 22.1 Landlord May Grant Liens . Encumbrance
 22.2 Subordination of Lease . provided that Article 22 provided that Section 22.2 Superior Lease Superior Landlord Superior Mortgage
 -75-




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Superior
Mortgagee
 Successor Landlord
 -76-




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22.3 Notice to Mortgagee and Superior Landlord . Section 22.1 Article 14
 ARTICLE 23
 ADDITIONAL COVENANTS OF TENANT
 23.1 Prompt Payment of Indebtedness .
 23.2 Conduct of Business .
 -77-




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23.3 Maintenance of Accounts and Records .
 23.4 Notice of Litigation, Etc.
 23.5 Liens and Encumbrances . Section 7.1
 ARTICLE 24
 MISCELLANEOUS
 24.1 Limitation on Payment of Rent .
 -78-




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ipso facto
 24.2 No Waiver .
 24.3 Remedies Cumulative .
 24.4 Severability .
 24.5 Acceptance of Surrender .
 -79-




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24.6 No Merger of Title .
 24.7 Conveyance by Landlord .
 24.8 Quiet Enjoyment . Article 22
 24.9 No Recordation .
 -80-




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24.10 Notices
     
  
 -81-




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24.11 Construction .
 -82-




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24.12 Counterparts; Headings .
 24.13 Applicable Law, Etc.
  24.14 Right to Make Agreement .
 -83-




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24.15 Attorneys Fees
 -84-




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IN WITNESS WHEREOF
 LANDLORD:
SNH LTF PROPERTIES LLCBy:
    /s/ David J. HegartyDavid J. HegartyPresidentTENANT:
LTF REAL ESTATE COMPANY, INC.By:Its:




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IN WITNESS WHEREOF
 LANDLORD:
SNH LTF PROPERTIES LLCBy:David J. HegartyPresidentTENANT:
LTF REAL ESTATE COMPANY, INC.By:
    /s/ Eric J. BussIts: -84-




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EXHIBITS A-1 through A-4
 Land
 [See attached copies.
 -86-




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Exhibit A-l
 Legal Description of Alpharetta, Georgia Property




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Exhibit A-2
 Legal Description of Romeoville, Illinois Property




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Exhibit A-3
 Legal Description of Allen, Texas Property




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Exhibit A-4
 Legal Description of Omaha, Nebraska Property