Document:

Exhibit 10.39

 

Exhibit
10.39

	 	 	 	 	 

THIRD AMENDMENT TO THE

ASSET PURCHASE AGREEMENT

          THIS THIRD AMENDMENT TO THE ASSET PURCHASE AGREEMENT (“Third Amendment”) is made and entered
into as of December 18, 2002, by and among VILLA HOMES WEST, INC., D/B/A WOODSIDE MANAGEMENT GROUP,
RIDGEWOOD MANOR, LLC, PARKVIEW REAL ESTATE, LTD., WOODSIDE PROPERTIES I, LTD., AND WOODSIDE
PROPERTIES II, LTD. (collectively as “Seller”) and OP MAUMEE, INC., RE MAUMEE, INC., OP CAREY,
INC., RE CAREY, INC., OP1 FREMONT, INC., RE1 FREMONT, INC., OP2 FREMONT, INC., RE2 FREMONT, INC.,
OP KENTON, INC. (collectively as “Buyer”).

WITNESSETH:

          WHEREAS, Seller and Buyer entered into a certain Asset Purchase Agreement as of August 30,
2002, whereby Buyer agreed to purchase from Seller certain nursing homes owned by Seller and
located throughout Ohio, as specifically set forth in said Asset Purchase Agreement (the
“Agreement”);

          WHEREAS, a set of facts had arisen that caused the parties to supplement and amend certain
terms of the Agreement as of September 30, 2002 (the “First Amendment”), and again on October 18,
2002 (the “Second Amendment”); and

          WHEREAS, an additional set of facts has arisen that has caused the parties to desire to
supplement and amend certain terms of the Agreement, as set forth in this Third Amendment.

          NOW, THEREFORE, for and in consideration of the premises, and the agreements, covenants,
representations and warranties hereinafter set forth, and other good and valuable consideration,
the receipt and adequacy of all of which are forever acknowledged and confessed, the parties
hereto, intending to be legally bound hereby, agree as follows:

          1. For the purpose of the Agreement and the two prior Amendments to said Agreement, and as the
context requires, the term, “Seller”, as previously defined, and the term “Real Estate”, as
previously defined, shall include the following two limited liability companies which hold title to
the real property associated with Eaglewood Care Center and Ravenwood Care Center:

          (a) Woodside Real Estate I. Ltd.. Woodside Real Estate I, Ltd. is a duly organized
and validly existing Ohio limited liability company, whose sole member is Patrick T. Kriner.
Woodside Real Estate I, Ltd. owns the real property located at 1821 East Findlay Street, Carey,
Ohio 43316, upon which property is located Eaglewood Care Center.

          (b) Woodside Real Estate II, Ltd.. Woodside Real Estate II, Ltd. is a duly organized
and validly existing Ohio limited liability company, whose sole member is Patrick T.

 

 

Kriner. Woodside Real Estate II, Ltd. owns the real property located at 911 W. Pattison
Avenue, Kenton, Ohio 43326, upon which property is located Ravenwood Care Center.

          2. Without the necessity of reprinting or interlineating Woodside Real Estate I, Ltd. and
Woodside Real Estate II, Ltd. in the original Asset Purchase Agreement of the two prior Amendments
thereto, execution by the parties hereto shall constitute an acknowledgment by the parties that
where and when appropriate and for any and all purposes, Woodside Real Estate I, Ltd., and Woodside
Real Estate II, Ltd., sometimes referred to as “Seller”, and “Real Property” shall be incorporated
into and be a binding part of the parties’ Agreement.

          3. In all other respects, the parties hereto ratify and confirm the remaining terms of the
Agreement.

          IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be executed in
multiple originals by their duly authorized officers, all as of the date and year first above
written. This Third Amendment may be executed and delivered in multiple counterparts and each such
counterpart shall be deemed an original, but all such counterparts shall together constitute one
and the same Third Amendment.

	 	 	 	 	 
	BUYER:                           	OP MAUMEE, INC.

 	 
	 	By:  	/s/ Lawrence R. Deering
 	 
	 	Name:  	Lawrence R. Deering 	 
	 	Title:  	Chairman and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	RE MAUMEE, INC.

 	 
	 	By:  	/s/ Lawrence R. Deering
 	 
	 	Name:  	Lawrence R. Deering 	 
	 	Title:  	Chairman and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	OP CAREY, INC.

 	 
	 	By:  	/s/ Lawrence R. Deering
 	 
	 	Name:  	Lawrence R. Deering 	 
	 	Title:  	Chairman and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	RE CAREY, INC.

 	 
	 	By:  	/s/ Lawrence R. Deering
 	 
	 	Name:  	Lawrence R. Deering 	 
	 	Title:  	Chairman and Chief Executive Officer 	 

-2-

 

	 	 	 	 	 

	 	 	 	 	 
	 	OP1 FREMONT, INC.

 	 
	 	By:  	/s/ Lawrence R. Deering
 	 
	 	Name:  	Lawrence R. Deering 	 
	 	Title:  	Chairman and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	RE1 FREMONT, INC.

 	 
	 	By:  	/s/ Lawrence R. Deering
 	 
	 	Name:  	Lawrence R. Deering 	 
	 	Title:  	Chairman and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	OP2 FREMONT, INC.

 	 
	 	By:  	/s/ Lawrence R. Deering
 	 
	 	Name:  	Lawrence R. Deering 	 
	 	Title:  	Chairman and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	RE2 FREMONT, INC.

 	 
	 	By:  	/s/ Lawrence R. Deering
 	 
	 	Name:  	Lawrence R. Deering 	 
	 	Title:  	Chairman and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	OP KENTON, INC.

 	 
	 	By:  	/s/ Lawrence R. Deering
 	 
	 	Name:  	Lawrence R. Deering 	 
	 	Title:  	Chairman and Chief Executive Officer 	 
	 

	 	 	 	 	 
	SELLER:                          	VILLA HOMES WEST, INC., D/B/A

WOODSIDEMANAGEMENT GROUP

 	 
	 	By:  	/s/ Patrick T. Kriner
 	 
	 	Name:  	Patrick T. Kriner 	 
	 	Title:  	President 	 
	 

	 	 	 	 	 
	 	RIDGEWOOD MANOR, LLC

 	 
	 	By:  	/s/ Patrick T. Kriner
 	 
	 	Name:  	Patrick T. Kriner 	 
	 	Title:  	Member 	 

-3-

 

	 	 	 	 	 

	 	 	 	 	 
	 	PARKVIEW REAL ESTATE, LTD.

 	 
	 	By:  	/s/ Patrick T. Kriner
 	 
	 	Name:  	Patrick T. Kriner 	 
	 	Title:  	Member 	 
	 

	 	 	 	 	 
	 	WOODSIDE PROPERTIES I, LTD.

 	 
	 	By:  	/s/ Patrick T. Kriner
 	 
	 	Name:  	Patrick T. Kriner 	 
	 	Title:  	Member 	 
	 

	 	 	 	 	 
	 	WOODSIDE PROPERTIES II, LTD.

 	 
	 	By:  	/s/ Patrick T. Kriner
 	 
	 	Name:  	Patrick T. Kriner 	 
	 	Title:  	Member 	 
	 

	 	 	 	 	 
	 	WOODSIDE REAL ESTATE I, LTD.

 	 
	 	By:  	/s/ Patrick T. Kriner
 	 
	 	Name:  	Patrick T. Kriner 	 
	 	Title:  	Member 	 
	 

	 	 	 	 	 
	 	WOODSIDE REAL ESTATE II, LTD.

 	 
	 	By:  	/s/ Patrick T. Kriner
 	 
	 	Name:  	Patrick T. Kriner 	 
	 	Title:  	Member 	 

-4-Exhibit 10.40

 

Exhibit
10.40

	 	 	 	 	 

FOURTH AMENDMENT TO THE

ASSET PURCHASE AGREEMENT

BY AND AMONG

VILLA HOMES WEST, INC., D/B/A WOODSIDEMANAGEMENT GROUP,

RIDGEWOOD MANOR, LLC,

PARKVIEW REAL ESTATE, LTD.,

WOODS1DE PROPERTIES I, LTD.,

WOODSIDE PROPERTIES II, LTD.,

WOODSIDE REAL ESTATE I, LTD.,

WOODSIDE REAL ESTATE II, LTD.

(COLLECTIVELY AS “SELLER”)

AND

OP MAUMEE, INC.,

RE MAUMEE, INC.,

OP CAREY, INC.,

RE CAREY, INC.,

OP1 FREMONT, INC.,

RE1 FREMONT, INC.,

OP2 FREMONT, INC.,

RE2 FREMONT, INC.,

OP KENTON, INC.

(COLLECTIVELY AS “BUYER”)

Dated as of December 31, 2002

 

 

FOURTH AMENDMENT TO THE

ASSET PURCHASE AGREEMENT

THIS FOURTH AMENDMENT TO THE ASSET PURCHASE AGREEMENT (“FOURTH Amendment”) is made and entered into
as of December 31, 2002, by and among VILLA HOMES WEST, INC., D/B/A WOODSIDE MANAGEMENT GROUP,
RIDGEWOOD MANOR, LLC, PARKVIEW REAL ESTATE, LTD., WOODSIDE PROPERTIES I, LTD., WOODSIDE PROPERTIES
II, LTD., WOODSIDE REAL ESTATE I, LTD., AND WOODSIDE REAL ESTATE II, LTD., (collectively as
“Seller”) and OP MAUMEE, INC., RE MAUMEE, INC., OP CAREY, INC., RE CAREY, INC., OP1 FREMONT, INC.,
RE1 FREMONT, INC., OP2 FREMONT, INC., RE2 FREMONT, INC., OP KENTON, INC. (collectively as “Buyer”).

WITNESSETH:

     WHEREAS, Seller and Buyer entered into a certain Asset Purchase Agreement as of August 30,
2002, whereby Buyer agreed to purchase from Seller certain nursing homes owned by Seller and
located throughout Ohio, as specifically set forth in said Asset Purchase Agreement (the
“Agreement”);

     WHEREAS, a set of facts had arisen that caused the parties to supplement and amend certain
terms of the Agreement, as set forth in the First Amendment as of September 30, 2002 (the “First
Amendment”), again on October 18, 2002 (the “Second Amendment”), and again on December 18, 2002
(the “Third Amendment”);

     WHEREAS, an additional set of facts has arisen that has caused the parties to desire to
supplement and amend certain terms of the Agreement, as set forth in this Fourth Amendment.

     NOW, THEREFORE, for and in consideration of the premises, and the agreements, covenants,
representations and warranties hereinafter set forth, and other good and valuable consideration,
the receipt and adequacy of all of which are forever acknowledged and confessed, the parties
hereto, intending to be legally bound hereby, agree as follows:

     1. Article 3, Closing, is hereby amended at Section 3.1 to provide that Closing shall
occur “on or before January 31, 2003, or as soon thereafter as practicable once all conditions set
forth in Articles 8 and 9 of the Agreement have been met, or at such later or earlier date and/or
such other location as the parties hereby may mutually agree in writing or as otherwise provided in
this Agreement (the “Closing Date”). In the event that the Closing Date is to occur after February
28, 2003, the consent of the parties shall be necessary for additional extensions, which consent
shall not be unreasonably withheld. The Closing shall be effective as of 12:01 a.m. then
prevailing eastern time on the day following the Closing Date (the “Effective Time”).”

     2. Article 11, at Section 11.1, shall be amended at subsection (vi), by substituting the date
“January 31, 2003, as qualified in Section 3.1 of the Fourth Amendment”, instead of December 31,
2002.

 

 

     3. In all other respects, the parties hereby ratify and confirm the remaining terms of the
Agreement.

     IN WITNESS WHEREOF, the parties hereto have caused this FOURTH Amendment to be executed in
multiple originals by their duly authorized officers, all as of the date and year FOURTH above
written. This FOURTH Amendment may be executed and delivered in multiple counterparts and each
such counterpart shall be deemed an original, but all such counterparts shall together constitute
one and the same FOURTH Amendment.

	 	 	 	 	 
	BUYER:                           	OP MAUMEE, INC.

 	 
	 	By:  	/s/ Lawrence R. Deering
 	 
	 	Name:  	Lawrence R. Deering 	 
	 	Title:  	Chairman and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	RE MAUMEE, INC.

 	 
	 	By:  	/s/ Lawrence R. Deering
 	 
	 	Name:  	Lawrence R. Deering 	 
	 	Title:  	Chairman and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	OP CAREY, INC.

 	 
	 	By:  	/s/ Lawrence R. Deering
 	 
	 	Name:  	Lawrence R. Deering 	 
	 	Title:  	Chairman and Chief Executive Officer 	 
	 

	 	 	 	 	 
	 	RE CAREY, INC.

 	 
	 	By:  	/s/ Lawrence R. Deering
 	 
	 	Name:  	Lawrence R. Deering 	 
	 	Title:  	Chairman and Chief Executive Officer 	 
	 

	 	 	 	 	 
	SELLER:                          	VILLA HOMES WEST, INC., D/B/A

WOODSIDEMANAGEMENT GROUP

 	 
	 	By:  	/s/ Patrick Kriner
 	 
	 	Name:  	Patrick Kriner 	 
	 	Title:  	President 	 

-2-

 

	 	 	 	 	 

	 	 	 	 	 
	 	RIDGEWOOD MANOR, LLC

 	 
	 	By:  	/s/ Patrick Kriner
 	 
	 	Name:  	Patrick Kriner 	 
	 	Title:  	Member 	 
	 

	 	 	 	 	 
	 	PARKVIEW REAL ESTATE, LTD.

 	 
	 	By:  	/s/ Patrick Kriner
 	 
	 	Name:  	Patrick Kriner 	 
	 	Title:  	Member 	 
	 

	 	 	 	 	 
	 	WOODSIDE PROPERTIES I, LTD.

 	 
	 	By:  	/s/ Patrick Kriner
 	 
	 	Name:  	Patrick Kriner 	 
	 	Title:  	Member 	 
	 

	 	 	 	 	 
	 	WOODSIDE PROPERTIES II, LTD.

 	 
	 	By:  	/s/ Patrick Kriner
 	 
	 	Name:  	Patrick Kriner 	 
	 	Title:  	Member 	 
	 

	 	 	 	 	 
	 	WOODSIDE REAL ESTATE I, LTD.

 	 
	 	By:  	/s/ Patrick T. Kriner
 	 
	 	Name:  	Patrick T. Kriner 	 
	 	Title:  	Member 	 
	 

	 	 	 	 	 
	 	WOODSIDE REAL ESTATE II, LTD.

 	 
	 	By:  	/s/ Patrick T. Kriner
 	 
	 	Name:  	Patrick T. Kriner 	 
	 	Title:  	Member 	 

-3-

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