Document:

EX-10.1

 Exhibit 10.1 

FORM OF NOTE 

THIS SECURITY HAS BEEN ACQUIRED FOR INVESTMENT AND HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE
SECURITIES LAWS AND MAY NOT BE SOLD, TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS IT HAS BEEN REGISTERED UNDER SUCH ACT AND ALL SUCH OTHER APPLICABLE LAWS OR AN EXEMPTION FROM REGISTRATION IS AVAILABLE THEREFROM. 

UNSECURED PROMISSORY NOTE 
  

			
	 $[•]
	 	[•], 2014                    

 FOR VALUE RECEIVED, subject to the terms and conditions stated below, GreenHunter Resources, Inc., a Delaware
corporation (the “Company” or the “Maker”), hereby promises to pay to the order of [•] (the “Holder”), at the Holder’s address stated in this Note or such other
address as the holder of this unsecured note (the “Note”) shall designate from time to time in lawful money of the United States of America in immediately available funds, on [•] (the “Maturity
Date”), the principal amount of [•] Dollars and No/100 Dollars ($[•]) with interest on the principal amount from the date hereof (the “Interest Rate”) to accrue at the rate of fifteen percent
(15%) per annum simple interest until the outstanding principal balance and any accrued interest are paid in full; provided that the Interest Rate shall accrue at the lower of (i) the rate of seventeen percent (17%) per annum simple
interest or (ii) the maximum rate permitted by applicable law, during any period in which an Event of Default (as defined below) continues. Interest shall be calculated on the basis of actual number of days elapsed over a year of 360 days, with
months of 30 days. All payments received by the Holder hereunder will be applied first to costs of collection, if any, and the balance to accrued interest and then to principal. 

Payments on this Note shall be made as follows: 

Accrued but unpaid interest shall be payable monthly on the first of each month of the term of this Note. Principal and remaining accrued but
unpaid interest shall be due and payable on the Maturity Date. 
 The Maker may prepay this Note, in whole or in part, at any time before
the Maturity Date. Any optional prepayment (and, as applicable, any payment or prepayment required in connection with an Event of Default (as defined below)) made on or prior to the Maturity Date shall be accompanied by a prepayment fee equal to all
interest on this Note that would have been due after such prepayment through the end of the Maturity Date, if no payment of principal was made prior to the end of the Maturity Date, calculated based upon the Interest Rate in effect as of such
prepayment. 
  

	1.	Events of Default. The outstanding principal balance on this Note (together with all interest accrued thereon) shall, at the option of the Holder hereof, become immediately due and payable without notice
or demand, upon the happening of any one of the following specified events (each, an “Event of Default”): 

  

	 	(i)	the occurrence of a default under the terms of the Note; 

  

	 	(ii)	a material breach by the Company of any provision of the Pledge and Security Agreement, provided that such breach shall not be deemed an Event of Default, if such breach is cured prior to the thirty-first
(31st) day following written notice of such breach from the Holder or the Collateral Agent; 

  

	 	(iii)	the making by the Company of a general assignment for the benefit of creditors; 

  

	 	(iv)	the filing of any petition or the commencement of any proceeding by the Company or any endorser or guarantor of this Note for any relief under any bankruptcy or insolvency laws, or any laws relating to the relief of
debtors, readjustment of indebtedness, reorganizations, compositions, or extensions; 

  

	 	(v)	the filing of any petition or the commencement of any proceeding against the Company or any endorser or guarantor of this Note for any relief under any bankruptcy or insolvency laws, or any laws relating to the relief
of debtors, readjustment of indebtedness, reorganizations, compositions, or extensions, which proceeding is not dismissed within sixty (60) days; or 

	 	(vi)	any acquisition of the Company, whether by merger, sale of assets or other transaction. 

 Upon the occurrence
of any Event of Default (other than an Event of Default as specified in Section 1(iv) or Section 1(v)) and so long as such Event of Default is continuing, the Holder may, at its option and upon written notice of acceleration given to the
Company, declare the entire unpaid portion of the principal amount and all unpaid accrued interest under the Notes due and payable. If an Event of Default specified in Section 1(iv) or Section 1(v) occurs and is continuing, then the entire
unpaid portion of the principal amount and all unpaid accrued interest under the Notes shall automatically, and without any notice or any other action on the part of the Holder, become due and payable immediately. Prior to or after any notice of
acceleration given to the Company, the Holder may waive any Event of Default that has occurred hereunder and its consequences. Whenever any Event of Default hereunder shall have been waived as permitted by this Section 1, such Event of Default
shall for all purposes of this Note be deemed to have been cured and to be not continuing. 
  

	2.	Representations and Warranties of the Company. The Company hereby represents and warrants to the Holder that: 

  

	I.	Authorization and Delivery. This Note has been duly authorized and executed by the Company and when delivered will be the valid and binding obligation of the Company enforceable in accordance with its
terms. 

  

	 	(i)	No Inconsistency. The execution and delivery of this Note will not violate any provision of the Company’s Certificate of Incorporation and Bylaws, (ii) contravene any law, governmental rule or
regulation, judgment or order applicable to the Company, (iii) contravene any provision of, or constitute a default under, any indenture, mortgage, contract or other instrument of which the Company is a party or by which it is bound or
(iv) require the consent or approval of, the giving of notice to, the registration with the taking of any action in respect of or by, any federal, state or local government authority or agency or other person. 

 

	3.	Miscellaneous. 

  

	II.	Expenses. The Company agrees to pay the Holder’s reasonable costs (including reasonable attorney’s fees) incurred in connection with the preparation and execution of this Note and any
related documentation and the Holder’s reasonable costs (including reasonable attorney’s fees) in collecting and enforcing this Note. 

  

	 	(i)	Successors and Assigns. The terms and conditions of this Note shall inure to the benefit of and be binding upon the respective successors and permitted assigns of the parties. Nothing in this Note, express or
implied, is intended to confer upon any party other than the parties hereto or their respective successors and permitted assigns any rights, remedies, obligations, or liabilities under or by reason of this Note, except as expressly provided in this
Note. 

  

	 	(ii)	Waiver or Amendment. No waiver of any obligation of the Company under this Note or any amendment to this Note shall be effective without the written consent of the Holder hereof. A waiver by the Holder of any
right or remedy under this Note on any occasion shall not be a bar to exercise of the same right or remedy on any subsequent occasion or of any other right or remedy at any time. 

 

	 	(iii)	Delays or Omissions. It is agreed that no delay or omission to exercise any right, power or remedy accruing to the Holder, upon any breach or default of the Company under this Note, shall impair any such right,
power or remedy, nor shall it be construed to be a waiver of any such breach or default, or any acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a
waiver of any other breach or default theretofore or thereafter occurring. It is further agreed that any waiver, permit, consent or approval of any kind or character by the Holder of any breach or default under this Note, or any waiver by the Holder
of any provisions or conditions of this Note must be in writing and shall be effective only to the extent specifically set forth in writing and that all remedies, either under this Note, or by law or otherwise afforded to the Holder, shall be
cumulative and not alternative. 

	 	(iv)	Notice. Any notice required or permitted under this Note shall be in writing and shall be deemed to have been given on the date of delivery, if personally delivered to the party to whom notice is to be given, or
on the fifth business day after mailing, if mailed to the party to whom notice is to be given, by certified mail, return receipt requested, postage prepaid, and addressed as follows: 

If to the Company, at: 
 GreenHunter Resources, Inc. 

1048 Texan Trail 
 Grapevine, Texas 76051 

Attn: Morgan F. Johnston, Senior Vice President 
  

			
	 If to the Holder, at:

	 
	 
	 
	 Attn:
	 	 

 or, in each case, to the most recent address, specified by written notice, given to the sender pursuant to this
paragraph. 
  

	 	(v)	Waiver by Company. The Company hereby expressly waives presentment, demand, and protest, notice of demand, dishonor and nonpayment of this Note, and all other notices or demands of any kind in connection with the
delivery, acceptance, performance, default or enforcement hereof or enforcement of the security herefor, and hereby consents to any delays, extensions of time, renewals, waivers or modifications that may be granted or consented to by the Holder with
respect to the time of payment or any other provision hereof. 

  

	 	(vi)	Severability. In the event any one or more of the provisions of this Note shall for any reason be held to be invalid, illegal or unenforceable, in whole or in part or in any respect, or in the event that any one
or more of the provisions of this Note operate or would prospectively operate to invalidate this Note, then and in any such event, such provision or provisions only shall be deemed null and void and shall not affect any other provision of this Note
and the remaining provisions of this Note shall remain operative and in full force and effect and in no way shall be affected, prejudiced or disturbed thereby. 

  

	 	(vii)	Governing Law. This Note shall be governed by and construed and enforced in accordance with the laws of the State of Texas, without regard to conflicts of law principles. 

 

			
	GREENHUNTER RESOURCES, INC.
		
	By:	 	 
	Name:	 	Morgan F. Johnston
	Title:	 	Sr. VP, General Counsel and SecretaryFirst Amendment to Purchase and Sale Agreement dated as of November 11, 2013

 Exhibit 10.1 

FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT 

This First Amendment to Purchase and Sale Agreement (this “Amendment”) is dated as of November 11, 2013 but
retroactively effective as of November 6, 2013 (the “Effective Date”), and is made by and between each of the parties named on Schedule “1” attached hereto (each, individually a “Seller” and,
collectively, “Sellers”), and CHP Partners, LP, a Delaware limited partnership (“Purchaser”). 

WITNESSETH: 
 WHEREAS, Sellers
and Purchaser have entered into the Purchase and Sale Agreement dated as of October 7, 2013 (the “Original Purchase Agreement”). The Original Purchase Agreement, as amended by this Amendment, shall hereinafter be referred to as
the “Purchase Agreement”. All capitalized terms used in this Amendment that are not otherwise defined in this Amendment shall have the meanings ascribed to such terms in the Original Purchase Agreement. 

WHEREAS, Sellers and Purchaser desire to amend the Original Purchase Agreement, all upon the terms and conditions set forth in this Amendment,
to make certain modifications to the Original Purchase Agreement, as more specifically set forth in this Amendment. 
 NOW THEREFORE, in
consideration of the mutual promises hereinafter set forth and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1. Definitions. 
 (a)
Article I of the Original Purchase Agreement is hereby amended by adding the following terms thereto: 
 “A&A of Plainfield
Management Agreement.” As set forth in Section 2.9(b). 
 “Bryan AL Property.” That certain Property located
at 4091 Eastchester Drive, Bryan, Texas. 
 “Bryan IL Property.” That certain Property located at 3801 E. Crest Drive,
Bryan, Texas. 
 “Cedar Park Property.” That certain Property located at 2200 S. Lakeline Boulevard, Cedar Park, Texas.

 “Closing Notice.” As set forth in Section 7.1(b). 

“Integrated.” As set forth in Section 2.9(a). 

“JEA.” As set forth in Section 2.9(a). 

“Last Property” or “Last Properties.” The Property or Properties with the latest occurring Closing Date.

 “Notice Deadline” (i) for each of the Plainfield Property and the Cedar
Park Property, January 14, 2014, (ii) for each of the Bryan IL Property and the Bryan AL Property, February 14, 2014 and (iii) for each of the Remaining Properties, March 16, 2014. 

“Plainfield Management Agreement.” As set forth in Section 2.9(b). 

“Plainfield Manager.” As set forth in Section 2.9(b). 

“Plainfield Property.” That certain Property located at 12446 S. Van Dyke Road, Plainfield, Illinois. 

“Plainfield Seller.” As set forth in Section 2.9(b). 

“Remaining Properties” (i) the Mansfield IL Property, (ii) that certain Property located at 4800 Briarwood Avenue,
Midland, Texas, (iii) that certain Property located at 200 East Debbie Lane, Mansfield, Texas and (iv) that certain Property located at 6102 Grand Court Road, San Angelo, Texas.” 

(b) Article I of the Original Purchase Agreement is hereby amended by amending and restating the term “Management Documents” as
follows: 
 “Management Documents.” As set forth in Section 2.9(a).” 

(c) Article I of the Original Purchase Agreement is hereby amended by deleting each of the following terms therefrom: (i) “Licensing
Date”, (ii) “Section 8.5 Extension Right”, (iii) “Extension Notice” and (iv) “Extended Closing Date Property” or “Extended Closing Date Properties”. 

2. Deposit. 
 (a)
Section 2.2(a) of the Original Purchase Agreement is hereby deleted in its entirety and replaced with the following: 
 “(a)
Within one (1) business day after the Effective Date, Purchaser shall deliver to Escrow Agent, in Good Funds, the sum of Nine Hundred Thirty Five Thousand and NO/100 Dollars ($935,000.00) (together with all interest accrued thereon, the
“Initial Deposit”). If this Agreement is not terminated pursuant to Section 2.3, within one (1) business day after the expiration of the Due Diligence Period, Purchaser shall deliver to Escrow Agent, in Good Funds, as an
additional deposit, the sum of Two Million Eight Hundred Five Thousand and NO/100 Dollars ($2,805,000.00) (together with all interest accrued thereon, the “Additional Deposit”; the Initial Deposit together with the Additional
Deposit shall hereinafter individually and collectively be referred to as the “Deposit”). The Deposit shall be non-refundable to Purchaser, except (i) if a condition precedent to Purchaser’s obligations as set forth in
Section 10.2 below is not satisfied or cured as of the Closing Date and such failure is not due to a default by Purchaser, or (ii) as specifically provided in Section 2.3, Section 4.3, Section 9.4, Section 10.3 or
Section 11.2 below, and in any such event Purchaser’s right to such refund will survive any termination of this Agreement. The Deposit shall be held by Escrow Agent until the earlier of (i) the Closing Date on which the Purchaser
or its designee acquires the Last Property or Last Properties (in which case the Deposit shall be applied to the Allocated Purchase Price(s) for such Property or Properties) or (ii) the date on which this Agreement is terminated in accordance
with its terms (in which case the Deposit shall be paid to Sellers unless, under the express terms of the provision pursuant to which this Agreement is terminated Purchaser is entitled to a refund of the Deposit).” 

  
 2 

 (b) Sellers will prepare an amendment to the Escrow Agreement to reflect the terms of
Section 2(a) of this Amendment (the “Escrow Agreement Amendment”) and cause the Escrow Agreement Amendment to be executed by the Escrow Agent on or prior to the end of the Due Diligence Period. 

3. Due Diligence Period. The following sentence shall be added to the end of Section 2.3 of the Original Purchase Agreement: 

“Purchaser hereby acknowledges and agrees that, if the Termination Notice is not delivered on or prior to the expiration of the Due
Diligence Period, despite the fact that all of the Properties may not close on the same Closing Date, Purchaser (or its designee(s)) is (are) obligated to, and shall, purchase all of the Properties except to the extent that this Agreement is
terminated with respect to any Property in accordance with Section 14.12 of this Agreement.” 
 4. Allocated Purchase
Price. The following provision shall be added to the Original Purchase Agreement as Section 2.7(c): 
 “(c) The Allocated
Purchase Price for each Property shall be increased (but not decreased) on a Property by Property basis to account for any increases (but not decreases) in the Property’s performance in accordance with the terms of Exhibit “N”.
Additionally, to the extent that on any Closing Date, capital gain tax rates have increased from their level on December 31, 2013, then the Allocated Purchase Price (as adjusted in accordance with “Exhibit N”) for each Property
to be acquired by Purchaser on such Closing Date will be increased by the product of One Million Five Hundred Thousand Dollars ($1,500,000) multiplied by the quotient of the Allocated Purchase Price for such Property divided by the Purchase
Price.” 
 5. Management Agreements. 

(a) Section 2.9 of the Original Purchase Agreement is hereby deleted in its entirety and replaced with the following: 

“2.9 Negotiation and Execution of Management Documents. 

(a) Each Facility that is currently managed by Integrated Senior Living LLC, a Texas limited liability company, or RES ICD Management, LP, a
Texas limited partnership d/b/a/ Integrated Property Management (collectively, “Integrated”) will continue to be managed by Integrated following the Closing Date for the Facility and each Facility that is currently managed by Jerry
Erwin Associates, Inc. (d/b/a JEA Senior Living), a Washington corporation (“JEA”) will continue to be managed by JEA following the Closing Date for the Facility. On or before the Effective Date, and continuing through the end of
the Due Diligence Period, Purchaser shall negotiate in good faith with each of Integrated and JEA to agree to a form of management agreement and manager pooling agreement, as applicable (collectively, the “Management Documents”).
The form(s) of Management Documents agreed to by Purchaser and Integrated will be attached hereto as Exhibit “O” and the form(s) of Management Documents agreed to by Purchaser and JEA will be attached hereto as Exhibit
“P”. Purchaser or its designee and Integrated or JEA, as applicable, shall enter into the Management Documents for a Facility, substantially in the form attached hereto as Exhibit “O” or Exhibit “P”,
as applicable, on the Closing Date for the Facility. 

  
 3 

 (b) On the Closing Date for the Plainfield Property, Purchaser shall, at its sole cost and
expense, assume and agree to pay all sums and to perform, fulfill and comply with all other covenants and obligations that are to be paid, performed and complied with by Plainfield Care Group, LLC, a Delaware limited liability company
(“Plainfield Seller”) under the Management Agreement dated as of October 2, 2008 by and between Horizon Bay Management II, L.L.C., a Delaware limited liability company (“Plainfield Manager”) and Plainfield
Seller (the “Plainfield Management Agreement”) that first arise or accrue on and after the Closing Date for the Plainfield Property. On or before the Effective Date, and continuing through the end of the Due Diligence Period,
Purchaser shall negotiate in good faith with Plainfield Seller to agree to a form of Assignment and Assumption of the Plainfield Management Agreement, which form shall be attached hereto as Exhibit “Q” (the “A&A of
Plainfield Management Agreement”) and entered into as of the Closing Date for the Plainfield Property.” 
 (b)
Section 7.2(s) of the Original Purchase Agreement is hereby deleted in its entirety and replaced with the following: 
 “(s) (i)
For each Property (other than the Plainfield Property), a termination of property management agreement executed by the applicable Seller (or, as the case may be, the applicable SNF Subsidiary) and Manager and, (ii) for the Plainfield Property,
the A&A of Plainfield Management Agreement;” 
 6. Closing Date. Section 7.1 of the Original Purchase Agreement is
hereby deleted in its entirety and replaced with the following: 
 “7.1 Closing Date. 

(a) The “Closing Date” for purposes of this Agreement shall be, with respect to each Property, the date set forth, or deemed
to be set forth, in the Closing Notice for the Property; provided, however, that Sellers shall have the right, at its option, to extend the Closing Date as set forth in Section 4.3 and Section 9.4 herein and either Sellers or Purchaser
shall have the right, at their option, to extend the Closing Date as set forth in Section 2.12 and Section 8.4 herein. In clarification of the foregoing, each Property may close on a different Closing Date. Further, wherever in this
Agreement the term Closing Date is used, it should be deemed, without further action, to mean the Closing Date for the Property or Properties being transferred on such Closing Date, and the provisions of this Agreement relating to events occurring
at the Closing shall relate only to the Property or Properties being transferred at such Closing. For example, if the Closing Date for the Plainfield Property is February 10, 2014 and the Closing Date for the Mansfield IL Property is
April 10, 2014, the Survival Date for the Plainfield Property will be November 10, 2014 and the Survival Date for the Mansfield IL Property will be January 10, 2015. 

(b) On the date that is at least forty-five (45) days prior to the date on which Purchaser intends to acquire a Property, Purchaser shall
deliver to the applicable Seller written notice (the “Closing Notice”) of the date on which Purchaser intends to proceed to Closing on the Property, which date shall be (x) not less than forty-five (45) days after the date
of the Closing Notice and (y) (i) for each of the Plainfield Property and the Cedar Park Property, no 

  
 4 

 
later than February 28, 2014, (ii) for each of the Bryan IL Property and the Bryan AL Property, no later than March 31, 2014 and (iii) for each of the Remaining Properties, no
later than April 30, 2014. If Purchaser has not delivered the Closing Notice to the applicable Seller on or prior to the Notice Deadline for a Property, Purchaser will be deemed to have delivered the Closing Notice to the applicable Seller on
the Notice Deadline for such Property and deemed to have provided, in such deemed Closing Notice, that the Closing of such Property will take place on the date that is forty-five (45) days after the Notice Deadline.” 

7. Deed. Section 7.2(a) of the Original Purchase Agreement is hereby deleted in its entirety and replaced with the following: 

“(a) (i) For the Plainfield Property, a special warranty deed in the form and content attached hereto as Exhibit “C-1”
and (ii) for each Property that is located in Texas, (x) assuming the Purchaser or its designee acquires another Property located in Texas on the same Closing Date as it acquires the Property, a special warranty deed substantially in the
form and content attached hereto as Exhibit “C-2” covering each of the Properties that are to be acquired by Purchaser or its designee(s) as of the Closing Date and (y) assuming the Purchaser or its designee acquires no other
Property located in Texas on the same Closing Date as it acquires the Property, a special warranty deed substantially in the form and content attached hereto as Exhibit “C-3” covering the Property, in each case prepared and executed
by the applicable Seller(s) and acknowledged before a Notary Public in the manner provided under the laws of the State of Illinois or the State of Texas, as applicable, reflecting the sale and transfer to Purchaser of the Real Property and
Improvements owned by such Seller(s) (collectively, the “Deeds”), subject only to those Permitted Exceptions applicable to such Property or Properties, as applicable.” 

8. Closing Costs. The following sentence is added to the end of Section 7.6 of the Original Purchase Agreement: 

“Notwithstanding the fact that Sellers shall be responsible for the cost of the premium for the base property title insurance policy, on
the Closing Date on which the Purchaser or its designee acquires the Last Property or Last Properties, Purchaser shall be responsible to pay to Sellers an amount equal to the difference between the aggregate premium actually paid by Sellers for the
base title insurance policies for the Properties located in Texas and the premium that would have been paid by Sellers for the base title insurance policy if all of the Properties located in Texas had closed on a single Closing Date.” 

9. Licensing Cooperation. Section 8.1(b) of the Original Purchase Agreement is hereby deleted in its entirety and replaced with
the following: 
 “(b) Prior to Closing, Purchaser shall use its commercially reasonable efforts to apply for and diligently pursue all
required licenses and approvals necessary to permit Purchaser to operate the Licensed Facilities as assisted living, Alzheimer’s care or skilled nursing facilities, as applicable, and to participate in Medicare and Medicaid, as applicable,
under Purchaser’s name or the name of Purchaser’s assignee (“Purchaser Permits”). In furtherance of the preceding sentence, for each Licensed Facility, Purchaser (i) shall provide the applicable Seller with a copy of
the substantially complete application prior to the end of the Due Diligence Period and (ii) shall file the application and other documents required by the applicable governmental or administrative agency or authority by the date on which it is
necessary to do so in order to 

  
 5 

 
satisfy, on or prior to the Closing Date for the applicable Licensed Facility, the conditions set forth in Section 10.1(c) and Section 10.2(c) of this Agreement, which date shall, in no
event, be later than forty (40) days prior to the Closing Date for the Licensed Facility.” 
 10. Intentionally Omitted.
Section 8.5 of the Original Purchase Agreement is hereby deleted in its entirety and replaced with “Intentionally Omitted.” 

11. Exhibits. 
 (a) The
legal description for the Bryan IL Property attached as Page 5 of Exhibit “A-2” to the Original Purchase Agreement is hereby deleted in its entirety and replaced with the legal description attached hereto as Exhibit
“A”. 
 (b) Exhibit “N” to the Original Purchase Agreement is hereby deleted in its entirety and replaced
with Exhibit “N” attached hereto. 
 12. Further Amendment. Sellers and Purchaser shall use commercially reasonable
efforts to enter into a Second Amendment to the Purchase Agreement on or prior to the end of the Due Diligence Period pursuant to which (i) Exhibit “C-3”, Exhibit “O”, Exhibit “P” and
Exhibit “Q” will be added to and become part of the Purchase Agreement and (ii) Exhibit “C-2” and Exhibit “M” to the Original Purchase Agreement will be replaced with revised forms that reflect
the terms of this Amendment. 
 13. Ratification. All terms and conditions of the Original Purchase Agreement, not amended pursuant
to this Amendment, are hereby ratified and confirmed and remain in full force and effect. 
 14. Counterparts. This Amendment may be
executed in any number of counterparts each of which shall constitute one and the same instrument, and each party hereto may execute this Amendment by signing any such counterpart. Any facsimile or electronic (which shall include electronic
attachments in ‘pdf’ or ‘tif’ formats containing counterparts of the signature page(s)) signatures to this Amendment shall be deemed originals for purposes of determining the enforceability of this Amendment. 

15. Further Assurances. The parties agree to execute and deliver any further documents or other instruments with respect to the
amendments set forth in this Amendment as may reasonably be deemed necessary or appropriate to effect the amendments set forth in this Amendment. 

16. Binding Effect. Each and every term and provision of this Amendment shall be binding upon and shall inure to the benefit of the
parties and their respective heirs, successors, personal representatives and assigns. 
 17. Incorporation of Recitals. The recitals
hereto are incorporated herein as part of this Amendment. 
 [The Remainder of This Page Is Intentionally Left Blank] 

  
 6 

 IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to Purchase and Sale
Agreement effective as of the Effective Date. 
  

					
	SELLERS:
	
	 MIDLAND CARE GROUP, LP,
 a Texas
limited partnership

		
	By:	 	 Midland Care Group GP, LLC,

a Texas limited liability company,
 its general
partner

		 
		 
			
		 	By:	 	/s/ Craig W. Spaulding
		 		 	Craig W. Spaulding
		 		 	Manager
	
	 BRYAN AL INVESTORS, LP,

a Texas limited partnership

		
	By:	 	 Bryan AL Investors GP, LLC,

a Texas limited liability company,
 its general
partner

		 
		 
			
		 	By:	 	/s/ Craig W. Spaulding
		 		 	Craig W. Spaulding
		 		 	Manager
	
	 BRYAN SENIOR INVESTORS, LP,

a Texas limited partnership

		
	By:	 	 Bryan Senior Investors GP, LLC,

a Texas limited liability company,
 its general
partner

		 
			
		 	By:	 	/s/ Craig W. Spaulding
		 		 	Craig W. Spaulding
		 		 	Manager

  
 [Signatures continue
on the next page] 

  
 S-1 

 
					
	 MANSFIELD AL GROUP, LP,

a Texas limited partnership

		
	By:	 	 Mansfield AL Group GP, LLC,

a Texas limited liability company,
 its general
partner

		 
		 
			
		 	By:	 	/s/ Craig W. Spaulding
		 		 	Craig W. Spaulding
		 		 	Manager
	
	 CEDAR PARK AL GROUP, LP,

a Texas limited partnership

		
	By:	 	 Cedar Park AL Group GP, LLC

a Texas limited liability company,
 its general
partner

		 
		 
			
		 	By:	 	/s/ Craig W. Spaulding
		 		 	Craig W. Spaulding
		 		 	Manager
	
	 WATERVIEW AT MANSFIELD INVESTORS,

L.P., a Texas limited partnership

		
	By:	 	 Waterview at Mansfield GenPar, LLC,

a Texas limited liability company,
 its general
partner

		 
		 
			
		 	By:	 	/s/ Richard E. Simmons
		 		 	Richard E. Simmons
		 		 	Manager
	
	 PLAINFIELD CARE GROUP, LLC,

a Delaware limited liability company

		
	By:	 	/s/ Craig W. Spaulding
		 	Craig W. Spaulding
		 	Manager

  
 [Signatures continue
on the next page] 

  
 S-2 

 
					
	 SAN ANGELO CARE GROUP, LP,

a Texas limited partnership

		
	By:	 	 San Angelo Care Group GP, LLC,

a Texas limited liability company,
 its general
partner

		 
		 
			
		 	By:	 	/s/ Craig W. Spaulding
		 		 	Craig W. Spaulding
		 		 	Manager

 [PURCHASER’S SIGNATURE FOLLOWS] 

  
 S-3 

 
							
	PURCHASER:
	
	CHP PARTNERS, LP, a Delaware limited partnership
		
	By:	 	CHP GP, LLC, a Delaware limited liability company, its general partner
			
		 	By:	 	CNL Healthcare Properties, Inc., a Maryland corporation, its sole member
				
		 		 	By:	 	/s/ Tracey B. Bracco
		 		 	Name:	 	Tracey B. Bracco
		 		 	Title:	 	Vice President

  
 S-4 

 Schedule “1” 

 

	1.	Midland Care Group, LP, a Texas limited partnership 

  

	2.	Cedar Park AL Group, LP, a Texas limited partnership 

  

	3.	Bryan AL Investors, LP, a Texas limited partnership 

  

	4.	Bryan Senior Investors, LP, a Texas limited partnership 

  

	5.	Mansfield AL Group, LP, a Texas limited partnership 

  

	6.	Waterview at Mansfield Investors, L.P., a Texas limited partnership 

  

	7.	Plainfield Care Group, LLC, a Delaware limited liability company 

  

	8.	San Angelo Care Group, LP, a Texas limited partnership 

  
 Schedule 1, Page 1 

 Exhibit A 

Watercrest at Bryan (Bryan, TX) 

(Intentionally Omitted) 

  
 Exhibit A, Page 1 

 EXHIBIT “N” 

NOI PURCHASE PRICE INCREASE CALCULATION 

The purchase price for each Property: 
  

	(a)	that closes on or before December 31, 2013 shall be: 

 The Allocated Purchase Price 

 

	(b)	that closes after December 31, 2013 but before February 1, 2014 shall be: 

 The Allocated
Purchase Price plus an amount (but only to the extent that such amount is positive) equal to: 
 (NOI #1) less (Baseline NOI) divided by (Baseline Cap Rate)

  

	(c)	that closes after January 31, 2014 but before March 1, 2014 shall be: 

 The Allocated Purchase
Price plus an amount (but only to the extent that such amount is positive) equal to: 
 (NOI #2) less (Baseline NOI) divided by (Baseline Cap Rate) 

 

	(d)	that closes after February 28, 2014 but before April 1, 2014 shall be: 

 The Allocated
Purchase Price plus an amount (but only to the extent that such amount is positive) equal to: 
 (NOI #3) less (Baseline NOI) divided by (Baseline Cap Rate)

  

	(e)	that closes after March 31, 2014 shall be: 

 The Allocated Purchase Price plus an amount (but only
to the extent that such amount is positive) equal to: 
 (NOI #4) less (Baseline NOI) divided by (Baseline Cap Rate) 

For the avoidance of doubt, a purchase price increase shall nonetheless be applicable if a Property with negative Baseline NOI increases (e.g., become closer
to or above zero) NOI #1, NOI #2, NOI #3, or NOI #4, as applicable, above its Baseline NOI, even if such NOI #1, NOI #2, NOI #3, or NOI #4, as applicable, remains negative. 

The amount of the purchase price for any Property that is in excess of the Allocated Purchase Price for such Property (if any) (any such amount, the
“Earnout”) shall be determined and paid to the applicable Seller as an earnout within forty-five (45) days of the last day of the month in which the Closing Date for such Property occurs. 

The Earnout paid to each Seller under this Exhibit “N” (i) with respect to any Property that closes after December 31, 2013 but
before March 1, 2014, shall in no event exceed three percent (3%) of the Allocated Purchase Price for the Property, (ii) with respect to any Property that closes after February 28, 2014 but on or before April 1, 2014, shall
in no event exceed four percent (4%) of the Allocated Purchase Price for the Property and (iii) with respect to any Property that closes after March 31, 2014, shall in no event exceed five percent (5%) of the Allocated Purchase
Price for the Property. 

  
 Exhibit N, Page 1 

 For purposes of this Exhibit “N”, the following definitions shall apply: 

Baseline Cap Rate shall mean Baseline NOI divided by the Allocated Purchase Price. 

Baseline NOI shall mean Net Operating Income for the Property for the period of August 1, 2013 through October 31, 2013, annualized.

 Net Operating Income shall mean Property revenues less Property expenses (including management fees, but excluding capital expenses). 

NOI #1 shall mean Net Operating Income for the Property for the period commencing November 1, 2013 and ending January 31, 2014,
annualized. 
 NOI #2 shall mean Net Operating Income for the Property for the period commencing December 1, 2013 and ending
February 28, 2014, annualized. 
 NOI #3 shall mean Net Operating Income for the Property for the period commencing January 1, 2014
and ending March 31, 2014, annualized. 
 NOI #4 shall mean Net Operating Income for the Property for the period commencing
February 1, 2014 and ending April 30, 2014, annualized. 

  
 Exhibit N, Page 2

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