Document:

EX-10.2

 Exhibit 10.2 

AMENDMENT TO PURCHASE AND SALE AGREEMENT 

THIS AMENDMENT TO PURCHASE AND SALE AGREEMENT (this “Amendment”) is entered into effective as of August 19, 2013,
between RAIDER RANCH, LP, a Texas limited partnership (“Seller”), and CHP PARTNERS, LP, a Delaware limited partnership (“Purchaser”). 

RECITALS 
 A.
Seller and Purchaser have entered into a Purchase and Sale Agreement, dated as of July 3, 2013 (the “Agreement”), with respect to certain properties defined therein as the “Property” (this, and other initially
capitalized terms used in this Amendment without definition shall have the same meanings ascribed to such terms in the Agreement). 
 B.
Seller is the “Declarant” as described in that certain Declaration of Covenants, Conditions and Restrictions for Villas at Raider Ranch recorded as instrument number 2008043899 in the Official Records of Lubbock County, Texas (the
“Declaration”), and in connection with the purchase and sale contemplated by the Agreement, Seller has agreed to assign all of its rights, title, and interest as “Declarant” under the Declaration to Purchaser. 

C. Accordingly, Seller and Purchaser now wish to modify the terms of the Agreement as set forth in this Amendment. 

NOW, THEREFORE, for and in consideration of the foregoing recitals, which are incorporated herein, and other good and valuable
consideration, the receipt and sufficiency of which are acknowledged, 
 Purchaser and Seller agree as follows: 

1. Assignment of Declarant’s Rights. The following is hereby added to the Agreement as Section 7.2(q): 

“(q) Seller shall execute and deliver to Purchaser an Assignment and Assumption of Apartment Owner’s Rights in the form attached
hereto as Exhibit 7.2(q).” 
 2. Exhibit 7.2(q). Exhibit 7.2(q) attached hereto is hereby added to the Agreement as Exhibit
7.2(q) thereof. 
 3. Due Diligence Period and Additional Deposit. Purchaser hereby confirms that the Due Diligence Period expires as
of 5:00 p.m. (Eastern Time) on the date hereof, and that Purchaser has elected to proceed to Closing upon the terms and conditions set forth in the Purchase Agreement. Accordingly, Purchaser waives its right to deliver a Termination Notice as set
forth in Section 2.3 of the Purchase Agreement and confirms its obligation to deliver the Additional Deposit to Escrow Agent on or before Tuesday, August 20, 2013. 

4. Miscellaneous: Except as expressly modified herein, the Agreement remains in full force and effect and Purchaser and Seller ratify
and affirm the Agreement as modified herein. 

 
This Amendment may be executed in one or more counterparts, each of which shall be deemed an original and all of which shall constitute the same instrument. This Amendment may be executed via
facsimile or by “PDF scanned signature” and that facsimile or PDF shall be deemed an original for all purposes. If a provision of this Amendment conflicts with a provision of the Agreement, this Amendment shall supersede and control. All
capitalized terms and phrases used in this Amendment, if not defined in this Amendment, shall have the same meaning as assigned to them in the Agreement. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 2 

 
					
	 SELLER:
  

RAIDER RANCH, LP,
 a Texas limited
partnership

		
	By:	 	 Raider Ranch GP, LLC,
 a Texas
limited liability company,
 its sole general partner

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

  

  
 S-1 

Signature Page to Amendment to Purchase and Sale Agreement (Raider Ranch Land) 

 
							
	 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-2 

Signature Page to Amendment to Purchase and Sale Agreement (Raider Ranch Land) 

 EXHIBIT 7.2(q) 

ASSIGNMENT AND ASSUMPTION OF DECLARANT’S RIGHTS 
  

			
	 THE STATE OF TEXAS
	  	§
		  	§
	 COUNTY OF LUBBOCK
	  	§

 THIS ASSIGNMENT AND ASSUMPTION OF DECLARANT’S RIGHTS (this “Assignment”) is made as of
                , 2013 (the “Effective Date”), by and between RAIDER RANCH, LP, a Texas limited partnership (“Assignor”), and
CHP RAIDER RANCH TX SENIOR HOUSING OWNER, LLC, a Delaware limited liability company (“Assignee”). 
 Recitals: 

A. The Declaration of Covenants, Conditions and Restrictions for Villas at Raider Ranch was recorded under Document No. 2008043899 in the Real Property
Records of Lubbock County, Texas (the “Records”) and was amended by the First Amendment to Declaration of Covenants, Conditions and Restrictions for Villas at Raider Ranch which was recorded under Document No. 2009040454 in the
Records and the Second Amendment to Declaration of Covenants, Conditions and Restrictions for Villas at Raider Ranch which was recorded immediately prior to this Assignment in the Records (as amended, the “Declaration”). Capitalized
terms used but not defined in this Assignment shall have the meanings ascribed to them in the Declaration. 
 B. Pursuant to the Purchase and Sale Agreement
dated as of July 3, 2013, by and among Assignor, as seller, and CHP Partners, LP, a Delaware limited partnership (“Original Purchaser”), as purchaser, as such Purchase and Sale Agreement may be amended from time to time
(collectively, “Purchase Agreement”), and as such Purchase Agreement was assigned, pursuant to the Assignment of the Purchase Agreement dated as of
                         , 2013, by Original Purchaser to Assignee and other parties listed therein, Assignor is
conveying to Assignee that certain vacant parcel of real property located at 6548 43rd Street, Lubbock, TX 79407, as described on Exhibit A-1 of the Purchase Agreement and by this
reference incorporated herein (the “Property”). In connection with the transfer of the Property, Assignor is assigning to Assignee its rights as Declarant under the Declaration. 

C. Pursuant to Section 14.1 of the Declaration, a transfer of the rights and obligations of the Declarant set forth in the Declaration shall not be
effective unless it is in a written instrument signed by the Declarant and duly recorded in the County Clerk Official Records of Lubbock County, Texas. 

  
 Exhibit 7.2(q)-1 

 NOW THEREFORE, in consideration of the foregoing premises, of TEN and NO/100 DOLLARS ($10.00) in
hand paid by Assignee, and of other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor and Assignee hereby agree as follows: 

1. Assignment. Assignor hereby grants, transfers, assigns, delivers and conveys to Assignee as of the Effective Date, all of Assignor’s right,
title and interest as Declarant pursuant to the Declaration. Assignor remains responsible for all liabilities and obligations as Declarant pursuant to the Declaration which accrue and/or relate to the period prior to the Effective Date. 

2. Assumption. Assignee hereby assumes, and agrees to be bound by, all obligations and liabilities of Assignor as Declarant under the Declaration which
shall arise or be incurred, or which are required to be performed, on and after the Effective Date. 
 3. Indemnities. Assignor hereby agrees to
indemnify, defend and hold Assignee harmless from and against any and all losses, damages, liabilities and expenses (including reasonable attorneys’ fees, court costs and litigation expenses) which Assignee may suffer, sustain or incur in
connection with or with respect to the obligations, if any, of Declarant to the Villa Owners pursuant to the Declaration which accrue prior to the Effective Date. Assignee hereby agrees to indemnify, defend and hold Assignor harmless from and
against any and all losses, damages, liabilities and expenses (including reasonable attorneys’ fees, court costs and litigation expenses) which Assignor may suffer, sustain or incur in connection with or with respect to the obligations, if any,
of Declarant to the Villa Owners pursuant to the Declaration which accrue on or subsequent to the Effective Date. 
 4. Modification. This Assignment
may not be modified except in a writing signed by both parties. 
 5. Binding Effect. This Assignment shall inure to the benefit of, and be binding
upon, each of the parties hereto and their respective successors and assigns. 
 6. Applicable Law. This Assignment shall be governed by, and
construed in accordance with, the laws of the State of Texas. 
 7. Recitals. The recitals are herein incorporated into this Assignment. 

8. Counterparts. This Assignment may be executed in multiple counterparts, each of which shall be an original and all of which together shall
constitute one and the same instrument. 
 9. Further Assurances. Each party agrees to execute and deliver to the other party other or further
assurances of the provisions of this Assignment as the other party may from time to time reasonably request. 
 [Signatures appear on the
following page] 

  
 Exhibit 7.2(q)-2 

 IN WITNESS WHEREOF, Assignor and Assignee have executed this Assignment and Assumption as of the
Effective Date. 
  

					
	 ASSIGNOR:
  

RAIDER RANCH, LP, a Texas limited partnership

		
	By:	 	 Raider Ranch GP, LLC, a Texas

limited liability company, its general partner

			
		 	By:	 	 
		 		 	 Craig W. Spaulding
 Manager

  

			
	 STATE OF TEXAS
	  	§
		  	 §

	 COUNTY OF DALLAS
	  	§

 BEFORE ME, the undersigned, a Notary Public in and for the State of Texas, on the
             day of             , 2013, personally appeared Craig W. Spaulding, Manager of Raider Ranch GP, LLC, a
Texas limited liability company, the General Partner of Raider Ranch, LP, a Texas limited partnership, and acknowledged that he executed the foregoing document on behalf of said company and limited partnership. 

 

	
	   

	Notary Public

 My Commission Expires:
                         

  
 Exhibit 7.2(q)-3 

 ASSIGNEE: 

CHP RAIDER RANCH TX SENIOR HOUSING 
 OWNER, LLC, a Delaware
limited liability company 
  

			
	By:	 	 
	Name:	 	 
	Title:	 	 

  

			
	 STATE OF ________
	  	§
		  	 §

	 COUNTY OF ________
	  	§

 BEFORE ME, the undersigned, a Notary Public in and for the State of
            , on the              day of
            , 2013, personally appeared             ,
             of CHP Raider Ranch TX Senior Housing Owner, LLC, a Delaware limited liability company, and acknowledged that he executed the foregoing document on behalf of said
company. 
  

	
	   

	Notary Public

 My Commission Expires:
                     

  
 Exhibit 7.2(q)-4EX-10.3

 Exhibit 10.3 

AMENDMENT TO PURCHASE AND SALE AGREEMENT 

THIS AMENDMENT TO PURCHASE AND SALE AGREEMENT (this “Amendment”) is entered into effective as of August 19, 2013,
between RR AL CARE GROUP LIMITED PARTNERSHIP, a Delaware limited partnership (“RR AL”), and RR IL CARE GROUP LIMITED PARTNERSHIP, a Delaware limited partnership (“RR IL”; and together with RR AL, the
“Sellers”), and CHP PARTNERS, LP, a Delaware limited partnership (“Purchaser”). 

RECITALS 
 A.
Sellers and Purchaser have entered into a Purchase and Sale Agreement, dated as of July 3, 2013 (the “Agreement”), with respect to certain properties defined therein as the “Club at Raider Ranch” and the
“Isle at Raider Ranch” (these, and other initially capitalized terms used in this Amendment without definition shall have the same meanings ascribed to such terms in the Agreement). 

B. Following the Effective Date of the Agreement, RR AL was named as a defendant in that certain lawsuit known as Jennifer McClesky v.
Brookdale Senior Living, et al., Cause No. 20135078885, in the 237 District Court, Lubbock County, Texas, relating to events that allegedly occurred at the Isle at Raider Ranch. 

C. RR IL is the “Apartment Owner” as described in that certain Declaration of Covenants, Conditions and Restrictions for
Villas at Raider Ranch recorded as instrument number 2008043899 in the Official Records of Lubbock County, Texas (the “Declaration”), and in connection with the purchase and sale contemplated by the Agreement, RR IL has agreed to
assign all of its rights, title, and interest as “Apartment Owner” under the Declaration to Purchaser. 
 D. Sellers have
agreed to escrow the estimated cost to replace the fencing surrounding the pool area at the Club at Raider Ranch. 
 E. Accordingly,
Sellers and Purchaser now wish to modify the terms of the Agreement as set forth in this Amendment. 
 NOW, THEREFORE, for and in
consideration of the foregoing recitals, which are incorporated herein, and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, 

Purchaser and Seller agree as follows: 
 1.
Retained Liabilities. The last sentence of Section 2.6 of the Agreement is hereby deleted and replaced with the following: 

“Further, all liabilities, claims, and obligations related to or incurred by RR AL in connection with that certain litigation known as
Jennifer McClesky v. Brookdale Senior Living, et al., Cause No. 20135078885, in the 237 District Court, Lubbock County, Texas (the “Litigation”), shall be a Retained Liability of RR AL. RR AL

 
hereby agree to indemnify, defend, protect, and hold harmless Purchaser, its affiliates, owners, members, partners, employees, lenders, agents, and representatives, from and against any and all
claims relating to the Litigation (such indemnification obligation to terminate at such time as RR AL and Raider Ranch L.P. are no longer parties to the Litigation (provided that at such time Purchaser has incurred no liability, loss, or expense in
connection with the Litigation), provided, however, that if RR AL and/or Raider Ranch L.P. are ever added back to the Litigation, the indemnity set forth herein shall again be operative from the date that RR AL and/or Raider Ranch L.P. are added
back to the litigation until RR AL and Raider Ranch L.P. are once again no longer parties to the Litigation. The terms of this Section 2.6 shall survive Closing.” 

2. Assignment of Apartment Owner’s Rights. The following is hereby added to the Agreement as Section 7.2(v): 

“(v) RR IL shall execute and deliver to Purchaser an Assignment and Assumption of Apartment Owner’s Rights in the form attached
hereto as Exhibit 7.2(v).” 
 3. Exhibit 7.2(v). Exhibit 7.2(v) attached hereto is hereby added to the Agreement as Exhibit
7.2(v) thereof. 
 4. Replacement Fencing. Sellers hereby agree to escrow with the Title Company, pursuant to an escrow agreement
reasonably acceptable to the parties thereto (the “Fence Escrow Agreement”), at Closing the amount of Fifteen Thousand Eight Hundred and No/100ths Dollars ($15,800.00) (the “Pool Escrow”), which Manager shall use to
replace the existing fencing surrounding the pool area (the “Pool Fencing”) at the Club at Raider Ranch following Closing. The Pool Escrow shall be Seller’s sole obligation with respect to the condition and replacement of the
Pool Fencing. Upon the Manager causing the lien free completion of the replacement of the Pool Fencing in accordance with all requirements under applicable laws, regulations and ordinances and receiving payment therefor in accordance with the terms
of the Fence Escrow Agreement, any remaining balance in the Fence Escrow shall be returned to Sellers. 
 5. Due Diligence Period and
Additional Deposit. Purchaser hereby confirms that the Due Diligence Period expires as of 5:00 p.m. (Eastern Time) on the date hereof, and that Purchaser has elected to proceed to Closing upon the terms and conditions set forth in the Purchase
Agreement. Accordingly, Purchaser waives its right to deliver a Termination Notice as set forth in Section 2.3 of the Purchase Agreement and confirms its obligation to deliver the Additional Deposit to Escrow Agent on or before Tuesday,
August 20, 2013. 
 6. Miscellaneous: Except as expressly modified herein, the Agreement remains in full force and effect and
Purchaser and Seller ratify and affirm the Agreement as modified herein. This Amendment may be executed in one or more counterparts, each of which shall be deemed an original and all of which shall constitute the same instrument. This Amendment may
be executed via facsimile or by “PDF scanned signature” and that facsimile or PDF shall be deemed an original for all purposes. If a provision of this Amendment conflicts with a provision of the Agreement, this Amendment shall supersede
and control. All capitalized terms and phrases used 

  
 2 

 
in this Amendment, if not defined in this Amendment, shall have the same meaning as assigned to them in the Agreement. 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 3 

 
					
	 SELLERS:
  

RR AL CARE GROUP LIMITED PARTNERSHIP,

a Delaware limited partnership

		
	By:	 	 RR Care Gen-Par, L.L.C.,
 a Delaware
limited liability company,
 its general partner

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

	
	 RR IL CARE GROUP LIMITED PARTNERSHIP,

a Delaware limited partnership

		
	By:	 	 RR Care Gen-Par, L.L.C.,
 a Delaware
limited liability company,
 its general partner

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

  

  
 S-1 

Signature Page to Amendment to Purchase Agreement (Raider Ranch) 

 
							
	 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-2 

Signature Page to Amendment to Purchase Agreement (Raider Ranch) 

 EXHIBIT 7.2(v) 

ASSIGNMENT AND ASSUMPTION OF APARTMENT OWNER’S RIGHTS 

 

			
	THE STATE OF TEXAS	  	§
		  	§
	COUNTY OF LUBBOCK	  	§

 THIS ASSIGNMENT AND ASSUMPTION OF APARTMENT OWNER’S RIGHTS (this “Assignment”) is made as of
                , 2013 (the “Effective Date”), by and between RR IL CARE GROUP LIMITED PARTNERSHIP, a Delaware limited partnership
(“Assignor”), and CHP RAIDER RANCH TX OWNER, LLC, a Delaware limited liability company (“Assignee”). 

Recitals: 
 A. The Declaration of
Covenants, Conditions and Restrictions for Villas at Raider Ranch was recorded under Document No. 2008043899 in the Real Property Records of Lubbock County, Texas (the “Records”) and was amended by the First Amendment to
Declaration of Covenants, Conditions and Restrictions for Villas at Raider Ranch which was recorded under Document No. 2009040454 in the Records and the Second Amendment to Declaration of Covenants, Conditions and Restrictions for Villas at
Raider Ranch which was recorded immediately prior to this Assignment in the Records (as amended, the “Declaration”). Capitalized terms used but not defined in this Assignment shall have the meanings ascribed to them in the
Declaration. 
 B. Pursuant to the Purchase and Sale Agreement dated as of July 3, 2013, by and among Assignor, as seller, and CHP Partners, LP, a
Delaware limited partnership (“Original Purchaser”), as purchaser, as such Purchase and Sale Agreement may be amended from time to time (collectively, “Purchase Agreement”), and as such Purchase Agreement was
assigned, pursuant to the Assignment of the Purchase Agreement dated as of                          , 2013, by
Original Purchaser to Assignee and other parties listed therein, Assignor is conveying to Assignee that certain assisted living facility commonly known as the Club at Raider Ranch, as more particularly described in the Purchase Agreement (the
“Property”). In connection with the transfer of the Property, Assignor is assigning to Assignee its rights as Apartment Owner under the Declaration. 

NOW THEREFORE, in consideration of the foregoing premises, of TEN and NO/100 DOLLARS ($10.00) in hand paid by Assignee, and of other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor and Assignee hereby agree as follows: 
 1. Assignment.
Assignor hereby grants, transfers, assigns, delivers and conveys to Assignee as of the Effective Date, all of Assignor’s right, title and interest as Apartment Owner pursuant to the Declaration. Assignor remains responsible for all liabilities
and obligations as Apartment Owner pursuant to the Declaration which accrue and/or relate to the period prior to the Effective Date. 

  
 Exhibit 7.2(v)-1 

 2. Assumption. Assignee hereby assumes, and agrees to be bound by, all obligations and liabilities of
Assignor as Apartment Owner under the Declaration which shall arise or be incurred, or which are required to be performed, on and after the Effective Date. 

3. Indemnities. Assignor hereby agrees to indemnify, defend and hold Assignee harmless from and against any and all losses, damages, liabilities and
expenses (including reasonable attorneys’ fees, court costs and litigation expenses) which Assignee may suffer, sustain or incur in connection with or with respect to the obligations, if any, of Apartment Owner to the Villa Owners pursuant to
the Declaration which accrue prior to the Effective Date. Assignee hereby agrees to indemnify, defend and hold Assignor harmless from and against any and all losses, damages, liabilities and expenses (including reasonable attorneys’ fees, court
costs and litigation expenses) which Assignor may suffer, sustain or incur in connection with or with respect to the obligations, if any, of Apartment Owner to the Villa Owners pursuant to the Declaration which accrue on or subsequent to the
Effective Date. 
 4. Modification. This Assignment may not be modified except in a writing signed by both parties. 

5. Binding Effect. This Assignment shall inure to the benefit of, and be binding upon, each of the parties hereto and their respective successors and
assigns. 
 6. Applicable Law. This Assignment shall be governed by, and construed in accordance with, the laws of the State of Texas. 

7. Recitals. The recitals are herein incorporated into this Assignment. 

8. Counterparts. This Assignment may be executed in multiple counterparts, each of which shall be an original and all of which together shall
constitute one and the same instrument. 
 9. Further Assurances. Each party agrees to execute and deliver to the other party other or further
assurances of the provisions of this Assignment as the other party may from time to time reasonably request. 
 [Signatures appear on the
following page] 

  
 Exhibit 7.2(v)-2 

 IN WITNESS WHEREOF, Assignor and Assignee have executed this Assignment and Assumption as of the
Effective Date. 
  

					
	 ASSIGNOR:
  

RR IL CARE GROUP LIMITED PARTNERSHIP,

a Delaware limited partnership

		
	By:	 	 RR Care Gen-Par, L.L.C.
 a Delaware
limited liability company,
 its general partner

			
		 	By:	 	 
		 	Name:	 	Craig W. Spaulding
		 	Title:	 	Manager

  

			
	STATE OF TEXAS	  	§
		  	§
	COUNTY OF DALLAS	  	§

 BEFORE ME, the undersigned, a Notary Public in and for the State of Texas, on the
             day of             , 2013, personally appeared Craig W. Spaulding, Manager of RR Care Gen-Par, L.L.C.,
a Delaware limited liability company, the General Partner of RR IL Care Group Limited Partnership, a Delaware limited partnership, and acknowledged that he executed the foregoing document on behalf of said company and limited partnership. 

 

	
	   

	Notary Public

 My Commission Expires:
                     

  
 Exhibit 7.2(v)-3 

			
	 ASSIGNEE:
  

CHP RAIDER RANCH TX OWNER, LLC,
 a Delaware limited liability
company

		
	By:	 	 
	Name:	 	 
	Title:	 	 

  

			
	STATE OF _________	  	§
		  	§
	COUNTY OF _________	  	§

 BEFORE ME, the undersigned, a Notary Public in and for the State of
            , on the              day of
            , 2013, personally appeared             ,
             of CHP Raider Ranch TX Senior Housing Owner, LLC, a Delaware limited liability company, and acknowledged that he executed the foregoing document on behalf of said
company. 
  

	
	   

	Notary Public

 My Commission Expires:
                         

  
 Exhibit 7.2(v)-4

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