Document:

Exhibit

EXHIBIT 10.1

SECOND AMENDMENT TO
PURCHASE AND SALE AGREEMENT 
AND JOINT ESCROW INSTRUCTIONS

THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT AND JOINT ESCROW INSTRUCTIONS (this “Amendment”) is made and entered into as of October 12, 2016 (the “Execution Date”), by and among GAHC4 CULLMAN AL MOB I, LLC, a Delaware limited liability company (“GAHC4 I”), GAHC4 CULLMAN AL MOB II, LLC, a Delaware limited liability company (“GAHC4 II”), GAHC4 SYLACAUGA AL MOB, LLC, a Delaware limited liability company (“GAHC4 Sylacauga”), CULLMAN POB PARTNERS I, LLC, a Delaware limited liability company (“Cullman I”), CULLMAN POB II, LLC, a Delaware limited liability company (“Cullman II”), and HCP COOSA MOB, LLC, a Delaware limited liability company (“Coosa”), and consented to by Chicago Title Insurance Company (“Escrow Agent”).  GAHC4 I, GAHC4 II and GAHC4 Sylacauga are sometimes each referred to herein as a “Buyer” and are sometimes collectively referred to herein as “Buyers.”  Cullman I, Cullman II and Coosa are sometimes each referred to herein as a “Seller” and are sometimes collectively referred to herein as “Sellers.”  
R E C I T A L S
A.    WHEREAS, each of Buyers, as assignees of GAHC4 Iron MOB Portfolio, LLC, a Delaware limited liability company (“Iron Portfolio”), Sellers and Escrow Agent are parties to that certain Purchase and Sale Agreement and Joint Escrow Instructions dated as of August 11, 2016, as amended by that certain First Amendment to Purchase and Sale Agreement and Joint Escrow Instructions dated as of September 12, 2016 by and among Iron Portfolio, Sellers and Escrow Agent, and as assigned by Iron Portfolio to each Buyer pursuant to those certain Partial Assignments and Assumption of Purchase and Sale Agreement and Joint Escrow Instructions, each dated as of September 22, 2016  (as amended and assigned, the “Agreement”), for the purchase and sale of certain real property and improvements located in Cullman, Cullman County, Alabama and Sylacauga, Talladega County, Alabama (collectively, the “Property”) under the terms and conditions as more particularly described in the Agreement; and
B.    WHEREAS Buyers and Sellers desire to amend the Agreement as set forth herein.
A G R E E M E N T
NOW, THEREFORE, in consideration of the mutual covenants contained in this Agreement and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Buyers and Sellers hereby agree, and instruct Escrow Agent, as follows:
		
	1.
	Recitals and Definitions.  The foregoing Recitals are true and correct and are hereby incorporated herein by reference.  All terms used herein are as defined in the Agreement unless otherwise defined in the Amendment.

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	2.
	Amendment to Article 7.  Article 7 of the Agreement is amended to add a new Section 7.5.8 as follows:

7.5.8    Coosa Valley Credit.  Buyers shall receive a credit from Sellers at Closing in the amount of FORTY THOUSAND AND NO/100 DOLLARS ($40,000.00) for certain capital expenditures relating to the HVAC controls for the third (3rd) floor of Coosa Valley (the “HVAC Work”) pursuant to Section 30(a) of that certain Building Lease Agreement, dated April 14, 1999, currently between Coosa and Sylacauga Health Care Authority (as amended, the “Coosa Space Lease”).  Buyers agree to complete the HVAC Work after the Closing in accordance with the terms of the Coosa Space Lease and subject to Sellers’ reasonable approval thereof.  Buyers shall use commercially reasonable efforts to keep Sellers informed of their progress with respect to the HVAC Work and shall provide Sellers with copies of invoices related thereto.  If the actual cost for such HVAC Work as reasonably approved by Sellers exceeds $40,000.00, Sellers agree to reimburse Buyers for the excess cost in connection with the true-up set forth in Section 7.5.4 of the Agreement.  If Buyers expend less than $40,000.00 for such HVAC Work as reasonably approved by Sellers, Buyers agree to promptly refund the actual cost difference to Sellers, or deduct any such amount from any true-up amounts owed to Buyers under Section 7.4.5 of the Agreement; provided that Sylacauga Health Care Authority accepts the HVAC Work as unconditionally complete.
		
	3.
	Consent of the Escrow Agent.  The Escrow Agent hereby joins in the execution of this Amendment for purposes of consenting to and accepting the terms of this Amendment.

		
	4.
	Counterparts.  This Amendment may be executed in as many counterparts as may be deemed necessary and convenient, and by the different parties hereto on separate counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute one and the same instrument. Originals transmitted by facsimile or electronic mail shall be considered original in all respects.

		
	5.
	Governing Law.  This Amendment and the legal relations between the parties hereto shall be governed by and construed and enforced in accordance with the laws of the State of Alabama, without regard to its principles of conflicts of law.

		
	6.
	Entire Agreement.  The Agreement, as amended by this Amendment, including all exhibits attached and incorporated herein by reference, constitutes the entire agreement between Buyers and Sellers pertaining to the subject matter hereof and supersedes all prior discussions, agreements, understandings, letters of intent, negotiations and discussions, whether oral or written, of the parties, and there are no warranties, representations or other agreements, express or implied, made to either party by the other party in connection with the subject matter hereof except as specifically set forth in the Representation Documents.

		
	7.
	Modification; Waiver.  No supplement, modification, waiver or termination of or under this Amendment or any obligation hereunder shall be binding unless executed in writing by the party against whom enforcement is sought.  No waiver of any provision of this Amendment shall be deemed or shall constitute a waiver of any other provision hereof 

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(whether or not similar), nor shall such waiver constitute a continuing waiver unless otherwise expressly provided.  Except as otherwise specifically set forth in this Amendment, the excuse or waiver of the performance by a party of any obligation of the other party under this Amendment shall only be effective if evidenced by a written statement signed by the party so excusing or waiving.  No delay in exercising any right or remedy shall constitute a waiver thereof, and no waiver by Sellers or Buyers of the breach of any covenant of this Amendment shall be construed as a waiver of any preceding or succeeding breach of the same or any other covenant or condition of this Amendment.
		
	8.
	Binding Effect.  Subject to and without waiver of the provisions of the Agreement or otherwise, all of the rights, duties, benefits, liabilities and obligations of the parties under this Amendment shall inure to the benefit of, and be binding upon, their respective successors and assigns.  Except as specifically set forth or referred to herein, nothing herein expressed or implied is intended or shall be construed to confer upon or give to any person or entity, other than the parties hereto and their successors or permitted assigns, any rights or remedies under or by reason of this Amendment.

		
	9.
	Miscellaneous.  All other terms and conditions of the Agreement not specifically modified or supplemented by this Amendment shall remain unchanged and in full force and effect, and the Agreement, as supplemented by this Amendment, is hereby ratified and confirmed.  Capitalized terms used herein but not otherwise defined shall have the meanings assigned to them in the Agreement.

[Remainder of Page Left Blank Intentionally]

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

BUYERS:
	
						
	GAHC4 CULLMAN AL MOB I, LLC,

	a Delaware limited liability company

	 
	 
	 
	 
	 
	 

	 
	By:
	GAHC4 Iron MOB Portfolio, LLC, a

	 
	 
	Delaware limited liability company, Its Sole

	 
	 
	Member

	 
	 
	 
	 
	 
	 

	 
	 
	By:
	Griffin-American Healthcare REIT IV

	 
	 
	 
	Holdings, LP, a Delaware limited partnership,

	 
	 
	 
	Its Sole Member

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	By:
	Griffin-American Healthcare REIT

	 
	 
	 
	 
	IV, Inc., a Maryland corporation, Its

	 
	 
	 
	 
	General Partner

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	By:
	/s/ Jeffrey T. Hanson

	 
	 
	 
	 
	Name:
	Jeffrey T. Hanson

	 
	 
	 
	 
	Its:
	Chief Executive Officer

	
						
	GAHC4 CULLMAN AL MOB II, LLC,

	a Delaware limited liability company

	 
	 
	 
	 
	 
	 

	 
	By:
	GAHC4 Iron MOB Portfolio, LLC, a

	 
	 
	Delaware limited liability company, Its Sole

	 
	 
	Member

	 
	 
	 
	 
	 
	 

	 
	 
	By:
	Griffin-American Healthcare REIT IV

	 
	 
	 
	Holdings, LP, a Delaware limited partnership,

	 
	 
	 
	Its Sole Member

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	By:
	Griffin-American Healthcare REIT

	 
	 
	 
	 
	IV, Inc., a Maryland corporation, Its

	 
	 
	 
	 
	General Partner

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	By:
	/s/ Jeffrey T. Hanson

	 
	 
	 
	 
	Name:
	Jeffrey T. Hanson

	 
	 
	 
	 
	Its:
	Chief Executive Officer

Signature Page to Second Amendment

	
						
	GAHC4 SYLACAUGA AL MOB, LLC,

	a Delaware limited liability company

	 
	 
	 
	 
	 
	 

	 
	By:
	GAHC4 Iron MOB Portfolio, LLC, a

	 
	 
	Delaware limited liability company, Its Sole

	 
	 
	Member

	 
	 
	 
	 
	 
	 

	 
	 
	By:
	Griffin-American Healthcare REIT IV

	 
	 
	 
	Holdings, LP, a Delaware limited partnership,

	 
	 
	 
	Its Sole Member

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	By:
	Griffin-American Healthcare REIT

	 
	 
	 
	 
	IV, Inc., a Maryland corporation, Its

	 
	 
	 
	 
	General Partner

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	By:
	/s/ Jeffrey T. Hanson

	 
	 
	 
	 
	Name:
	Jeffrey T. Hanson

	 
	 
	 
	 
	Its:
	Chief Executive Officer

Signature Page to Second Amendment

SELLERS:
	
			
	CULLMAN POB PARTNERS I, LLC,

	a Delaware limited liability company

	 
	 
	 

	By:
	/s/ Glenn Preston

	 
	Name:
	Glenn Preston

	 
	Title: 
	Senior Vice President

	
			
	CULLMAN POB II, LLC,

	a Delaware limited liability company

	 
	 
	 

	By:
	/s/ Glenn Preston

	 
	Name:
	Glenn Preston

	 
	Title: 
	Senior Vice President

	
			
	HCP COOSA MOB, LLC,

	a Delaware limited liability company

	 
	 
	 

	By:
	/s/ Glenn Preston

	 
	Name:
	Glenn Preston

	 
	Title: 
	Senior Vice President

Signature Page to Second Amendment

The undersigned Escrow Agent hereby accepts the foregoing Amendment.

ESCROW AGENT:
	
		
	CHICAGO TITLE INSURANCE COMPANY

	 
	 

	By:
	/s/ Neal J. Miranda

	 
	Neal J. Miranda, VP & Senior Counsel

	 
	HCP-SSGA to AHI #16002033 (AL x 3)

Signature Page to Second AmendmentEXHIBIT
10.1

 

Agreement
on Equity Transfer

 

	Transferor:
    Xili Wang 	(hereinafter
    referred to as “Party A”)
	ID
    Card No.: 420104196707150843	 
	 	 
	Transferee:
    Zhixiong Wei 	(hereinafter
    referred to as “Party B”)
	ID
    Card No.: 430524197303182439	 

 

Shenzhen
CCPower Corporation (hereinafter referred to as “the Company”), established in Shenzhen City on March 13, 2003, has
registered capital of total RMB 10 million Yuan, in which Party A has 100% equities and willing to transfer 100% equities to Party
B while Party B is willing to accept it. The agreement on equity transfer is reached through consultation and pursuant to the
regulations of “Company Law of the People’s Republic of China” and “Contract Law of the People’s
Republic of China”.

 

	I.		The
                                         price of equity transfer, payment term and method of transfer amount:

 

	 	1.
    	Party
    A holds 100% equities of the company. According to the regulations of articles of corporation, Party A pays capital of RMB
    10 million Yuan. Now, Party A transfers all equities of the company to Party B at the price of RMB 1 Yuan.
	 	 	 
	 	2.
    	According
    to the currency and capital amount specified in the previous article, Party B shall pay the transfer amount to Party B in
    full one time in cash (or through bank transfer) within three months as of the date when the agreement takes into effect.

 

	II.		The
                                         transferor shall guarantee that the equities to be transferred to transferee have complete
                                         right of disposition. Also, there is no pledge for the equity and it is not sealed off
                                         and not claimed for by the third party. Otherwise, the transferor should undertake all
                                         legal and economic responsibilities caused thereupon.

 

	III.		Undertaking
                                         of company’s profit & loss (including credit and debt)

 

	 	1.	After
    the agreement takes into effect, the transferee shall share company’s profit and undertake corresponding risks and losses
    (including the credit and debt of the share shall be shared and undertaken before transferred) according to the proportion
    of transferred equities.
	 	 	 
	 	2.
    	In
    case of the loss to the transferee after transferee becomes the company’s shareholder due to the transferor’s
    failure to inform Party B of all debts of the company’s equity before transfer when signing the agreement, the transferee
    is entitled to claim for compensation from the transferor.

 

    	 

    	 

    

 

	IV.		Liabilities
                                         for breach of the agreement:

 

		1.	Once
                                         the agreement takes into effect, both parties should execute it consciously. Any party
                                         should undertake responsibility according to the regulations of the law and this agreement
                                         in case of fail to comprehensively execute the obligations according to the regulations
                                         of the agreement.

 

		2.	The
                                         transferee cannot go through the formalities of the change of the registration as scheduled
                                         or the transferee is severely affected to realize the purpose of the agreement herein
                                         due to the transferor. The transferor shall pay liquidated damages to the transferee
                                         according to 1% of the transfer amount paid by the transferee. In case of the losses
                                         to the transferee due to transferor’s breach of the contract, the amount of the
                                         liquidated damages paid by the transferor shall not be less than the actual profit. Or
                                         another compensation must be paid by the transferor.

 

	V.		Alteration
                                         and termination of this agreement

 

This
agreement may be alter or terminated upon agreement reached by the transferor and transferee through consultation. In case that
the agreement is altered or terminated by mutual agreement, both parties should separately sign another agreement for alternation
or termination of this agreement.

 

	VI.		Related
                                         expenses

 

The
related expenses arising from the transfer process of the equity should be borne by both parties through consultation (such as
expenses causing by witness, appraisal or auditing, industrial and commercial registration, etc.).

 

	VII.		Dispute
                                         settlement method

 

Any
disputes arising from or relating to this agreement shall be solved through both parties’ consultation. In the event of
failure in reaching an agreement, both parties agree upon submitting disputes to Shenzhen Arbitration Committee for arbitration.

 

	VIII.		Entry-into-force
                                         conditions

 

This
agreement takes into effect after signed by both parties (if the company is foreign-invested enterprise, the agreement will take
into effect after reported to the approval authority for approval). After the agreement takes into effect, the formalities of
the change of the registration should be gone through at Market Supervision Administration of Shenzhen Municipality (hereinafter
referred to as Marker Supervision Administration).

 

	IX.		This
                                         agreement is made in six copies with each held by both transferor and transferee and
                                         the rest filed to related departments for record.

 

	Transferor:	/s/
    Xili Wang	 	Transferee:	 /s/
    Zhixiong Wei
	 	 	 	 	 
	 	 	 	Shenzhen
    City, August 25, 2016

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