Document:

ex10_16b.htm

 

 

FOURTH AMENDMENT TO

SECOND CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

THIS FOURTH AMENDMENT TO SECOND CONSOLIDATED AMENDED AND RESTATED MASTER LEASE (“Lease”) is executed and delivered as of this 1st day of October, 2010 and is entered into by OHI ASSET III (PA) TRUST, a Maryland business trust (“Lessor”), the successor by merger to OHI Asset II (OH), LLC, a Delaware limited liability company, and Ohio Lessor – Waterford & Crestwood, Inc., a Maryland corporation, the address of which is 200 International Circle, Suite 3500, Hunt Valley, MD 21030, OMG MSTR LSCO, LLC, an Ohio limited liability company (“Lessee One”), the successor by merger to CSC MSTR LSCO, LLC, and OMG LS LEASING CO., LLC, an Ohio limited liability company (“Lessee Two”, and collectively with Lessee One, “Lessee”), the address of which is 4700 Ashwood Drive, Suite 200, Cincinnati, OH 45241.

 

RECITALS

 

The circumstances underlying the execution and delivery of this Lease are as follows:

 

A. Lessee and Lessor have executed and delivered to each other a Second Consolidated Amended and Restated Master Lease dated as of April 18, 2008, as amended by a First Amendment to Second Consolidated Amended and Restated Master Lease dated as of July 31, 2009, a Second Amendment to Second Consolidated Amended and Restated Master Lease dated as of November 3, 2009, and a Third Amendment to Second Consolidated Amended and Restated Master Lease dated as of April 1, 2010 (the “Existing Master Lease”) pursuant to which Lessee leases from Lessor certain healthcare facilities located in Ohio and Pennsylvania.

B. Lessor and Lessee desire to amend the Existing Master Lease to provide for (i) the extension of a loan from Lessor to Lessee for the purposes of acquiring fixtures, equipment and other personal property for certain of the Facilities, and (ii) extend the term of the Existing Master Lease until April 20, 2022.

The parties agree as follows:

1. Definitions.

(a)           Any capitalized term used but not defined in this Amendment will have the meaning assigned to such term in the Existing Master Lease.

(b)           In addition to the other definitions contained herein, when used in this Amendment the following term shall have the following meaning:

Capex Note: means the Secured Capital Improvements Promissory Note dated as of the date of this Amendment from Lessee in favor of Lessor in the aggregate principal amount of Two Million Dollars ($2,000,000).

(c)           The following definition defined in §2.1 of the Existing Master Lease is hereby amended in its entirety as follows:

 

Expiration Date: means April 30, 2022 if the second Renewal Option has not been exercised, or April 30, 2032, if the second Renewal Option has been exercised but not the third Renewal Option, or April 30, 2042, if the third Renewal Option has been exercised.

 

(d)           From and after the date of this Amendment, each reference in the Transaction Documents to the Existing Master Lease, means the Existing Master Lease as modified by this Amendment.

 

2. Capex Loan.  Lessor hereby agrees to make the loan evidenced by the Capex Note for the purposes, and pursuant to the terms, set forth in the Capex Note.    In consideration of Lessor agreeing to make such loan, effective as of the “Due Date” as defined in the Capex Note, Lessee and each the Sublessees hereby transfers, assigns, and conveys to Lessor all right, title and interest in and to all fixtures, equipment and other property acquired with the proceeds of the loans evidenced by the Capex Note.  The Capex Note shall constitute a Transaction Document.

3. Section 1.3.  Section 1.3 of the Existing Master Lease is amended and restated in its entirety as follows:

1.3           Option to Renew.  Lessee is hereby granted three (3) successive options to renew this Lease.  The first option to renew has been exercised and is for the period of February 1, 2007 thru April 30, 2022.  Two additional options to renew shall be for a period of ten (10) Lease Years each, for a maximum Term if such options are exercised of approximately thirty-four (34) Lease Years.  Lessee’s exercise of the second and third options to renew this Lease are subject to the following terms and conditions (which conditions may be waived by Lessor in its sole discretion):

 

(a) An option to renew is exercisable only by Notice to Lessor at least one hundred and eighty (180) days, and not more than three hundred sixty (360) days, prior to the expiration of the Initial Term (or prior to the expiration of the preceding Renewal Term, as the case may be);

 

(b) No Event of Default or Unmatured Event of Default shall have occurred and be continuing either at the time a renewal option is exercised or at the commencement of a Renewal Term;

 

(c) During a Renewal Term, all of the terms and conditions of this Lease shall remain in full force and effect;

 

(d) Lessee may exercise its options to renew with respect to all (and no fewer than all) of the Leased Properties; and

 

(e) Lessee may only exercise an option to renew if the Option to Extend (as defined in the Maryland Loan Agreement) for a corresponding period of years is also exercised such that the Maturity Date (as defined in the Maryland Loan Agreement) and the Expiration Date are the same date.

 

4. Costs and Expenses.  Lessee shall pay Lessor’s reasonable costs and expenses, including reasonable attorneys fees, incurred in connection with this Amendment.

5. Execution and Counterparts.  This Amendment may be executed in any number of counterparts, each of which, when so executed and delivered, shall be deemed to be an original, but when taken together shall constitute one and the same Amendment.

6. Headings.  Section headings used in this Amendment are for reference only and shall not affect the construction of the Amendment.

7. Enforceability of Transaction Documents.  Except as expressly and specifically set forth herein, the Transaction Documents remain unmodified and in full force and effect.  In the event of any discrepancy between any other Transaction Document and this Amendment, the terms and conditions of this Amendment will control and such other Transaction Document is deemed amended to conform hereto.

SIGNATURE PAGES FOLLOW

 

 

  

  

  

Signature Page to

FOURTH AMENDMENT TO SECOND

CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

 

LESSOR:

 

OHI ASSET III (PA) TRUST

	
  

	
By:

	
OHI Asset (PA), LLC, a Delaware limited liability company, its sole trustee

By:      Omega Healthcare Investors, a Maryland

corporation, its sole member

 

By:         /s/ Daniel J. Booth   

Name:           Daniel J. Booth

Title:           Chief Operating Officer

 

 

THE STATE OF                          MARYLAND     )

)

COUNTY OF                                BALTIMORE    )

 

This instrument was acknowledged before me on the 13th day of October  , 2010, by Daniel J. Booth, the Chief Operating Officer of Omega Healthcare Investors, Inc., a Maryland corporation, the sole member of OHI Asset (PA), LLC, a Delaware limited liability company, the sole trustee of OHI Asset III (PA) Trust, a Maryland business trust, on behalf of said business trust.

 

 

 

                     Judith A. Jacobs   

Notary Public   State of Maryland

County of Baltimore

My commission expires May 12, 2012

 

                    

 

                                                                         Signature Page  of 2

  

  

  

Signature Page to

FOURTH AMENDMENT TO SECOND

CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

 

LESSEE:

 

OMG MSTR LSCO, LLC

By:           HEALTH CARE HOLDINGS, LLC,

its Sole Member

 

By:           /s/ Charles R. Stoltz   

Name:         Charles R. Stoltz

Title:           Treasurer

 

 

OMG LS LEASING CO., LLC

By:           OMG RE HOLDINGS, LLC,

its Sole Member

 

By:          /s/ Charles R. Stoltz   

Name:         Charles R. Stoltz

Title:           Treasurer

 

THE STATE OF OHIO               )

               )

COUNTY OF   HAMILTON      )

 

This instrument was acknowledged before me on the 7th   day of October   , 2010, by Charles R. Stoltz, the Treasurer of HEALTH CARE HOLDINGS, LLC, an Ohio limited liability company, the sole member of OMG MSTR LSCO, LLC, an Ohio limited liability company, and of OMG RE HOLDINGS, LLC, an Ohio limited liability company, the sole member of OMG LS LEASING CO., LLC, an Ohio limited liability company, on behalf of said companies.

 

       Monica R. Humbert     

Notary Public   State of Ohio

My commission expires 07/28/2012

 

                                                                   Signature Page  of 2

  

  

  

Joinder to

FOURTH AMENDMENT TO SECOND

CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

The undersigned hereby join in Section 2 of this Amendment.

 

SUBLESSEES:

BELMORE LEASING CO., LLC

WYANT LEASING CO., LLC

BRECKSVILLE LEASING CO., LLC

JARVIS LEASING CO., LLC

KOLBE LEASING CO., LLC

PEARL LEASING CO., LLC

PEARL II LEASING CO., LLC

PEARL III LEASING CO., LLC

MERIT LEASING CO., LLC

FALLING LEASING CO., LLC

FRONT LEASING CO., LLC

MIDLAND LEASING CO., LLC

GARDEN LEASING CO., LLC

SKYLINE (PA) LEASING CO., LLC

OLD LEASING CO., LLC

EMERY LEASING CO., LLC

AVIS LEASING CO., LLC

HERITAGE (OHIO) LEASING CO., LLC

GARDEN II LEASING CO., LLC

WATER LEASING CO., LLC

SOUTH II LEASING CO., LLC

SOUTH I LEASING CO., LLC

SOUTH III LEASING CO., LLC

FAIRCHILD (MD) LEASING CO., LLC

ROCKY RIVER LEASING CO., LLC

CLIME LEASING CO., LLC

ROYCE LEASING CO., LLC

EAST WATER LEASING CO., LLC

By:          /s/ Charles R. Stolz   

Name:         Charles R. Stolz

Title:           CFO and Treasurer

                                                                      Joinder Page  of 2

  

  

  

Joinder to

FOURTH AMENDMENT TO SECOND

CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

 

	
STATE OF OHIO

	
)

	  	
) SS

	
COUNTY OF HAMILTON

	
)

The foregoing instrument was acknowledged before me this 7th    day of  October     , 2010, by Charles R. Stoltz, who is the CFO and Treasurer of each of the above listed companies, on behalf of such companies.

 

	  
	
          Monica R. Humbert    , Notary Public  Hamiltion    County, Ohio   

My Commission Expires: 7/28/2012

 

 

                                                               Joinder Page  of 2ex10_16c.htm

 

FIFTH AMENDMENT TO

SECOND CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

THIS FIFTH AMENDMENT TO SECOND CONSOLIDATED AMENDED AND RESTATED MASTER LEASE (“Lease”) is executed and delivered as of this 31st day of December, 2010 and is entered into by OHI ASSET III (PA) TRUST, a Maryland business trust (“Lessor”), the successor by merger to OHI Asset II (OH), LLC, a Delaware limited liability company, and Ohio Lessor – Waterford & Crestwood, Inc., a Maryland corporation, the address of which is 200 International Circle, Suite 3500, Hunt Valley, MD 21030, OMG MSTR LSCO, LLC, an Ohio limited liability company (“Lessee One”), the successor by merger to CSC MSTR LSCO, LLC, and OMG LS LEASING CO., LLC, an Ohio limited liability company (“Lessee Two”, and collectively with Lessee One, “Lessee”), the address of which is 4700 Ashwood Drive, Suite 200, Cincinnati, OH 45241.

 

RECITALS

 

The circumstances underlying the execution and delivery of this Lease are as follows:

 

A. Lessee and Lessor have executed and delivered to each other a Second Consolidated Amended and Restated Master Lease dated as of April 18, 2008, as amended by a First Amendment to Second Consolidated Amended and Restated Master Lease dated as of July 31, 2009, a Second Amendment to Second Consolidated Amended and Restated Master Lease dated as of November 3, 2009, a Third Amendment to Second Consolidated Amended and Restated Master Lease dated as of April 1, 2010, and a Fourth Amendment to Second Consolidated Amended and Restated Master Lease dated as of October 1, 2010 (the “Existing Master Lease”) pursuant to which Lessee leases from Lessor certain healthcare facilities located in Ohio and Pennsylvania.

B. Lessor and Lessee desire to amend the Existing Master Lease to provide for the payment of additional rent in connection with the transfer to Lessee or a Sublessee of .

The parties agree as follows:

1. Definitions.

(a)           Any capitalized term used but not defined in this Amendment will have the meaning assigned to such term in the Existing Master Lease.

(b)           In addition to the other definitions contained herein, when used in this Amendment the following term shall have the following meaning:

“Bed Additional Rent” means:

 

(1)           During the period from September 1, 2010 thru December 31, 2011, the monthly sum of Four Thousand Six Hundred Sixty Six and 66/100 Dollars ($4,666.66);

(2)           For the Lease Year commencing on January 1, 2012, an annual amount equal to the product of Fifty Six Thousand Dollars ($56,000) multiplied by (i) one hundred percent (100%) plus (ii) the lesser of (a) two (2) times the increase in the CPI (expressed as a percentage) and (b) two and one half percent (2.5%); and

(3)           For the subsequent Lease Year, the product of (A) the Bed Additional Rent for the previous Lease Year multiplied by (i) one hundred percent (100%) plus (ii) the lesser of (a) two (2) times the increase in the CPI (expressed as a percentage) and (b) two and one half percent (2.5%); and

(c)           The following definition defined in §2.1 of the Existing Master Lease is hereby amended in its entirety as follows:

 

Rent:  Collectively, Base Rent, the Golden Years Additional Rent, the Bed Additional Rent and Additional Charges.

 

(d)           From and after the date of this Amendment, each reference in the Transaction Documents to the Existing Master Lease, means the Existing Master Lease as modified by this Amendment.

 

2. Bed Additional Base Rent.   Commencing as of September 1, 2010, Lessee shall pay the Bed Additional Rent pursuant to the terms and conditions of Article III of the Lease.

3. Sections 9.3.2 and 9.3.3.  Sections 9.3.2 and 9.3.3 of the Existing Master Lease are hereby amended by deleting the words “December 31, 2010” in each place it occurs in each Section and inserting the words “December 31, 2011” in place thereof.

4. Schedule 9.3.  Schedule 9.3 to the Existing Master Lease is hereby amended and restated in its entirety by Schedule 9.3 to this Amendment.

5. Section 38.4.  Section 38.4 of the Existing Master Lease is amended and restated in its entirety as follows:

38.4           Option Price.  If Lessee exercises its option to purchase the Lessee Option Property as set forth in this Lease, the purchase price for the Lessee Option Property (the “Lessee Purchase Price”) to be paid by Lessee shall be equal to the greater of (i) the Minimum Purchase Price (listed below) plus the Golden Years Addition Minimum Purchase Price, and (ii) the Allocated Purchase Price (listed below) plus the Golden Years Addition Purchase Price plus 50% of the amount, if any, that (A) the Fair Market Value of the Lessee Option Facilities on the date of exercise of the option exceeds (B) the Allocated Purchase Price plus the Golden Years Addition Purchase Price.

 

	
Facility

	 	
Allocated Purchase Price

	 	 	
Minimum Purchase Price

	 
	
Northwestern Center

	 	$	5,378,350.46	 	 	$	6,393,168.57	 
	
Columbus Center

	 	$	5,395,043.01	 	 	$	6,413,010.77	 
	
Golden Years Healthcare Center

	 	$	3,219,706.84	 	 	$	3,827,219.65	 
	
Oak Grove Center

	 	$	2,334,560.33	 	 	$	2,775,058.61	 
	
Total

	 	$	16,327,660.65	 	 	$	19,408,457.60	 

The Lessee Purchase Price shall be payable by Lessee in immediately available funds at closing.  The Lessee Option Deposit shall be applied against the Lessee Purchase Price at closing. Lessee shall also pay the cost of any revenue or transfer stamps required to be affixed to the deeds, and all reasonable expenses, disbursements and reasonable attorneys’ fees incurred by Lessor in the sale transaction.

6. Costs and Expenses.  Lessee shall pay Lessor’s reasonable costs and expenses, including reasonable attorneys fees, incurred in connection with this Amendment.

7. Execution and Counterparts.  This Amendment may be executed in any number of counterparts, each of which, when so executed and delivered, shall be deemed to be an original, but when taken together shall constitute one and the same Amendment.

8. Headings.  Section headings used in this Amendment are for reference only and shall not affect the construction of the Amendment.

9. Enforceability of Transaction Documents.  Except as expressly and specifically set forth herein, the Transaction Documents remain unmodified and in full force and effect.  In the event of any discrepancy between any other Transaction Document and this Amendment, the terms and conditions of this Amendment will control and such other Transaction Document is deemed amended to conform hereto.

SIGNATURE PAGES FOLLOW

 

  

  

  

Signature Page to

FIFTH AMENDMENT TO SECOND

CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

 

LESSOR:

 

OHI ASSET III (PA) TRUST

	
  

	
By:

	
OHI Asset (PA), LLC, a Delaware limited liability company, its sole trustee

By:           Omega Healthcare Investors, a Maryland

corporation, its sole member

 

By:           /s/ Daniel J. Booth                                

Name:           Daniel J. Booth

Title:           Chief Operating Officer

 

 

THE STATE OF MARYLAND        )

                      )

COUNTY OF  BALTIMORE            )

 

This instrument was acknowledged before me on the 28th day of December, 2010, by Daniel J. Booth, the Chief Operating Officer of Omega Healthcare Investors, Inc., a Maryland corporation, the sole member of OHI Asset (PA), LLC, a Delaware limited liability company, the sole trustee of OHI Asset III (PA) Trust, a Maryland business trust, on behalf of said business trust.

 

Notary Public

 

                    Judith A. Jacobs

 

                                                               Baltimore County, MD My Commission Expires:  May 12, 2012

 

                                                             Signature Page  of 2

  

  

  

Signature Page to

FIFTH AMENDMENT TO SECOND

CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

 

LESSEE:

 

OMG MSTR LSCO, LLC

By:           HEALTH CARE HOLDINGS, LLC,

its Sole Member

 

By:           /s/ Charles R. Stoltz                                

Name:           Charles R. Stoltz

Title:           Treasurer

 

 

OMG LS LEASING CO., LLC

By:           OMG RE HOLDINGS, LLC,

its Sole Member

 

By:           /s/ Charles R. Stoltz                                

Name:           Charles R. Stoltz

Title:           Treasurer

 

THE STATE OF OHIO                                            )

)

COUNTY OF HAMILTON                                     )

 

This instrument was acknowledged before me on the 29thday of December, 2010, by Charles R. Stoltz, the Treasurer of HEALTH CARE HOLDINGS, LLC, an Ohio limited liability company, the sole member of OMG MSTR LSCO, LLC, an Ohio limited liability company, and of OMG RE HOLDINGS, LLC, an Ohio limited liability company, the sole member of OMG LS LEASING CO., LLC, an Ohio limited liability company, on behalf of said companies.

 

Notary Public

 

Kathleen M. Portman

 

State of Ohio

 

My Commission Expires 3-28-2012

 

                                                                Signature Page  of 2

  

  

  

Joinder to

FIFTH AMENDMENT TO SECOND

CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

The undersigned hereby ratify and affirm their respective Guaranties, Pledge Agreements, Security Agreements, Subordination Agreements and other Transaction Documents, and acknowledge and agree that the performance of the Loan Agreement and the Master Lease and obligations described therein are secured by their Guaranties, Pledge Agreements, Security Agreement, Subordination Agreement and other Transaction Documents on the same terms and conditions in effect prior to this Amendment.

 

CITY VIEW BORROWERS:

CITY VIEW NURSING & REHAB, LLC

CLEVELAND NH ASSET, LLC

By:           /s/ Charles R. Stolz                                

Name:           Charles R. Stolz

Title:           CFO and Treasurer

MARYLAND BORROWERS:

BEL PRE LEASING CO, LLC

RIDGE (MD) LEASING CO, LLC

MARLBORO LEASING CO, LLC

FAYETTE LEASING CO, LLC

LIBERTY LEASING CO, LLC

HOWARD LEASING CO, LLC

PALL MALL LEASING CO, LLC

WASHINGTON (MD) LEASING CO, LLC

MARYLAND NH ASSET, LLC

By:           /s/ Charles R. Stolz                                

Name:           Charles R. Stolz

Title:           CFO and Treasurer

SUBLESSEES:

BELMORE LEASING CO., LLC

WYANT LEASING CO., LLC

BRECKSVILLE LEASING CO., LLC

JARVIS LEASING CO., LLC

KOLBE LEASING CO., LLC

PEARL LEASING CO., LLC

PEARL II LEASING CO., LLC

PEARL III LEASING CO., LLC

MERIT LEASING CO., LLC

FALLING LEASING CO., LLC

FRONT LEASING CO., LLC

MIDLAND LEASING CO., LLC

GARDEN LEASING CO., LLC

SKYLINE (PA) LEASING CO., LLC

OLD LEASING CO., LLC

EMERY LEASING CO., LLC

AVIS LEASING CO., LLC

HERITAGE (OHIO) LEASING CO., LLC

GARDEN II LEASING CO., LLC

WATER LEASING CO., LLC

SOUTH II LEASING CO., LLC

SOUTH I LEASING CO., LLC

SOUTH III LEASING CO., LLC

FAIRCHILD (MD) LEASING CO., LLC

ROCKY RIVER LEASING CO., LLC

CLIME LEASING CO., LLC

ROYCE LEASING CO., LLC

EAST WATER LEASING CO., LLC

By:           /s/ Charles R. Stolz                                

Name:           Charles R. Stolz

Title:           CFO and Treasurer

                                                                Ratification - Page  of 7

  

  

  

Joinder to

FIFTH AMENDMENT TO SECOND

CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

GUARANTORS:

RESIDENT CARE CONSULTING CO., LLC

HEALTH CARE FACILITY MANAGEMENT, LLC

OMG ASSET OWNERSHIP, LLC

OMG RE LEASING CO., LLC

OMG RE HOLDINGS, LLC

By:           /s/ Charles R. Stoltz                                

Name:           Charles R. Stoltz

Title:           CFO and Treasurer

                                                                   Ratification - Page  of 7

  

  

  

Joinder to

FIFTH AMENDMENT TO SECOND

CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

MANAGERS:

CARNEGIE (OHIO) MANAGEMENT CO., LLC

GARDEN MANAGEMENT CO., LLC

MIDLAND (OHIO) MANAGEMENT CO., LLC

SKYLINE (PA) MGMT CO, LLC

HERITAGE (OHIO) MGMT CO, LLC

AVIS (OHIO) MGMT CO, LLC

SUBURBAN (OHIO) MGMT CO, LLC

OLD MGMT CO, LLC

BELMORE MGT. CO., LLC

WYANT MGT. CO., LLC

BRECKSVILLE MGT CO., LLC

JARVIS MGT. CO., LLC

KOLBE MGT. CO., LLC

PEARL (OHIO) MGT. CO., LLC

PEARL II MGT. CO., LLC

PEARL III MGT. CO., LLC

MERIT (OHIO) MGT. CO., LLC

FALLING MGT. CO., LLC

FRONT MGT. CO., LLC

Each an Ohio limited liability company

By:           /s/ Charles R. Stoltz                                

Name:           Charles R. Stoltz

Title:           CFO and Treasurer

(Managers continued on next page)

                                                                     Ratification - Page  of 7

  

  

  

Joinder to

FIFTH AMENDMENT TO SECOND

CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

MANAGERS (continued):

WATER MGMT. CO., LLC

SOUTH II MGMT. CO., LLC

SOUTH I MGMT. CO., LLC

SOUTH III MGMT. CO., LLC

FAIRCHILD MGMT. CO., LLC

ROCKY RIVER MGMT. CO., LLC

CLIME MGMT. CO., LLC

ROYCE MGMT. CO., LLC

EAST WATER MGMT. CO., LLC

	
  

	
BEL PRE MGMT. CO., LLC

RIDGE (MD) MGMT. CO., LLC

MARLBORO MGMT. CO., LLC

FAYETTE MGMT. CO., LLC

LIBERTY MGMT. CO., LLC

HOWARD MGMT. CO., LLC

PALL MALL MGMT. CO., LLC

WASHINGTON (MD) MGMT. CO., LLC

Each an Ohio limited liability company

By:           /s/ Charles R. Stoltz                                

Name:           Charles R. Stoltz

Title:           CFO and Treasurer

                                                               Ratification - Page  of 7

  

  

  

Joinder to

FIFTH AMENDMENT TO SECOND

CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

CONSULTANTS:

CARNEGIE (OHIO) CONSULTING CO., LLC

GARDEN CONSULTING CO., LLC

MIDLAND CONSULTING CO., LLC

SKYLINE (PA) CONSULTING CO, LLC

HERITAGE (OHIO) CONSULTING CO, LLC

AVIS (OHIO) CONSULTING CO, LLC

SUBURBAN (OHIO) CONSULTING CO, LLC

OLD CONSULTING CO, LLC

BELMORE CONSULTING CO., LLC

WYANT CONSULTING CO., LLC

BRECKSVILLE CONSULTING CO., LLC

JARVIS CONSULTING CO., LLC

KOLBE CONSULTING CO., LLC

PEARL CONSULTING CO., LLC

PEARL II CONSULTING CO., LLC

PEARL III CONSULTING CO., LLC

MERIT CONSULTING CO., LLC

FALLING CONSULTING CO., LLC

FRONT CONSULTING CO., LLC

Each an Ohio limited liability company

By:           RESIDENT CARE CONSULTING, LLC, their sole member

By:           /s/ Charles R. Stoltz                                

Name:           Charles R. Stoltz

Title:           CFO and Treasurer

 

                                                                 Ratification - Page  of 7

  

  

  

Joinder to

FIFTH AMENDMENT TO SECOND

CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

 

	
STATE OF OHIO

	
)

	  	
) SS

	
COUNTY OF HAMILTON

	
)

The foregoing instrument was acknowledged before me this 29th day of December, 2010, by Charles R. Stoltz, who is the CFO and Treasurer of each of the above listed companies, on behalf of such companies.

 

	  
	
Kathleen M. Portman, Notary Public

Hamilton                      County, Ohio                                

My Commission Expires: 3-28-2012

 

                                                               Ratification - Page  of 7

  

  

  

Schedule 9.3 to

FIFTH AMENDMENT TO SECOND

CONSOLIDATED AMENDED AND RESTATED MASTER LEASE

Multiple Facilities

Improvements Schedule

Funds will be allocated per Facility as follows:

	
Facility

	
Address

	
City

	
ST

	 	
Allocation of $3.0M CAP-EX (1)

	 
	
Chardon Healthcare Center

	
620 Water Street

	
Chardon

	
OH

	 	 	75,000.00	 
	
Commons at Greenbriar (ALF)

	
8060 South Avenue

	
Boardman

	
OH

	 	 	10,000.00	 
	
Greenbriar Center (a/k/a Greenbriar North)

	
8064 South Avenue

	
Boardman

	
OH

	 	 	135,000.00	 
	
Greenbriar Rehabilitation Hospital

	
8064 South Avenue, Ste. One

	
Boardman

	
OH

	 	 	10,000.00	 
	
Kent Care Center

	
1290 Fairchild Avenue

	
Kent

	
OH

	 	 	80,000.00	 
	
Northwestern Center

	
570 North Rocky River Drive

	
Berea

	
OH

	 	 	125,000.00	 
	
Columbus Center

	
4301 Clime Road, North

	
Columbus

	
OH

	 	 	145,000.00	 
	
Golden Years Healthcare Center

	
(P.O. Box 1148) 2125 Royce Street

	
Portsmouth

	
OH

	 	 	45,000.00	 
	
Oak Grove Center

	
620 East Water Street

	
Deshler

	
OH

	 	 	-	 
	  	  	
 

Total

	  	 	$	625,000	 

Specific improvements, budgets, and plans must be approved prior to the commencement of any improvement.

 

                                                           Schedule 9.3 - Page  of 1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}]]