Exhibit 10.1

 

FOURTH AMENDMENT TO MASTER LEASE AND SECURITY AGREEMENT

 

This FOURTH AMENDMENT TO MASTER LEASE AND SECURITY AGREEMENT (this “Amendment”) is made and entered into as of April     , 2012, by and between the parties signatory hereto, as lessors (collectively, “Lessor”) and HCR III Healthcare, LLC, as lessee (“Lessee”).

 

RECITALS

 

A.            Lessor is the current “Lessor” and Lessee is the current “Lessee” pursuant to that certain Master Lease and Security Agreement dated as of April 7, 2011, as amended by that certain First Amendment to Master Lease and Security Agreement dated as of April 7, 2011, as further amended by that certain Second Amendment to Master Lease and Security Agreement dated as of May 16, 2011 and by that certain Third Amendment to Master Lease and Security Agreement dated as of January 10, 2012 (as so amended, the “Master Lease”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Master Lease.

 

B.            Lessee’s obligations under the Master Lease are guaranteed by HCR ManorCare, Inc., a Delaware corporation, successor in interest to HCR ManorCare, LLC, a Delaware limited liability company, pursuant to that certain Guaranty of Obligations dated as of April 7, 2011 (as the same may have been or may hereafter be further amended, modified or reaffirmed from time to time in accordance with the terms thereof, the “Guaranty”).

 

C.            Lessor and Lessee desire to enter into this Amendment to modify the definition of the “Land” set forth in the Master Lease.

 

AGREEMENT

 

NOW THEREFORE, in consideration of the foregoing Recitals and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Lessor and Lessee hereby agree as follows:

 

1.             Recitals.  The foregoing recitals are adopted by Lessor and Lessee as true and correct and, by this reference, are incorporated herein as if set forth herein in full.

 

2.             Definition of Land.  The Master Lease is hereby amended by deleting Section 1.1(a) thereof in its entirety and replacing it with the following:

 

“(a)         the tracts, pieces and parcels of property or properties more particularly described in and located at the addresses set forth in Exhibit A-1, Exhibit A-2, Exhibit A-3 and Exhibit A-4 attached hereto and all easements, rights and appurtenances (with respect to each of the foregoing, whether now existing or hereafter created or acquired) relating thereto (collectively, the “Land”);”.

 











 

3.             Effect of Amendment. All references in the Master Lease to the “Master Lease” shall be deemed to be references to the Master Lease as amended hereby.

 

4.             Full Force and Effect; Acknowledgement. The Master Lease, as hereby amended, shall remain and continue in full force and effect.

 

5.             Counterparts; Facsimile or Electronically Transmitted Signatures. This Amendment may be executed in any number of counterparts, all of which shall constitute one and the same instrument. Signatures transmitted by facsimile or other electronic means may be used in place of original signatures on this Amendment, and Lessor and Lessee both intend to be bound by the signatures on the document transmitted by facsimile or such other electronic means.

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the day and year first written above.

 

 

	
 
    	
“LESSOR”
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES, LP, a Delaware limited   partnership
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
HCP I-B Properties, LLC, a Delaware limited liability company, its   General Partner
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP WEST VIRGINIA PROPERTIES, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF ALEXANDRIA VA, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF ARLINGTON VA, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF MIDWEST CITY OK, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF OKLAHOMA CITY (NORTHWEST),   LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF OKLAHOMA CITY (SOUTHWEST),   LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF TULSA OK, LLC, a Delaware limited   liability company
    


 

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HCP PROPERTIES-ARDEN COURTS OF ANNANDALE VA,   LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-CHARLESTON OF HANAHAN SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-COLUMBIA SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-FAIR OAKS OF FAIRFAX VA, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-IMPERIAL OF RICHMOND VA, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-LEXINGTON SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-MEDICAL CARE CENTER-LYNCHBURG VA,   LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-OAKMONT EASTGREENVILLE SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-OAKMONT OF UNION SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-OAKMONT WESTGREENVILLE SC, LLC, a Delaware limited   liability company
    


 

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HCP PROPERTIES-STRATFORD HALL OF RICHMOND VA,   LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-WEST ASHLEY-CHARLESTON SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP MARYLAND PROPERTIES, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Susan M. Tate
    
	
 
    	
 
    	
Name:
    	
Susan M. Tate
    
	
 
    	
 
    	
Title:
    	
Executive Vice President
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
“LESSEE”
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCR III HEALTHCARE, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Matthew S. Kang
    
	
 
    	
 
    	
Name:
    	
Matthew S. Kang
    
	
 
    	
 
    	
Title:
    	
Vice President
    


 

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CONSENT, REAFFIRMATION AND AGREEMENT OF GUARANTOR

 

Guarantor hereby (i) reaffirms all of its obligations under the Guaranty, (ii) consents to the foregoing Amendment and (iii) agrees that its obligations under the Guaranty shall extend to Lessee’s duties, covenants and obligations pursuant to the Master Lease, as amended pursuant to the foregoing Amendment.

 

 

	
 
    	
HCR MANORCARE, INC., a Delaware corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Matthew S. Kang
    
	
 
    	
 
    	
Name:
    	
Matthew S. Kang
    
	
 
    	
 
    	
Title:
    	
Vice President