Document:

Exhibit
10.1

 

PURCHASE
AND SALE AGREEMENT

 

This
PURCHASE AND SALE AGREEMENT (this “Agreement”) is dated as of October 26, 2021 by and between (1) MCA Naples, LLC,
a Tennessee limited liability company (“Seller”), and (2) D&M Carpenter Enterprises, LTD., a Texas limited partnership
(“Carpenter”), and (3) Darrell K. Buckley and Beth Buckley, JTWROS (“Buckley” and together with
Carpenter, each a “Purchaser” and, collectively, the “Purchasers”).

 

RECITALS

 

WHEREAS,
Seller is the owner and holder of the title to the property set forth on Exhibit A attached hereto (the “Property”)
and desires to sell to each of the Purchasers an undivided interest in the Property;

 

WHEREAS,
each Purchaser and the Seller desire to hold all of the undivided interests in the Property as Tenants in Common under the terms and
provisions of that certain Tenants in Common Agreement (the “TIC Agreement”) that provides that each of the Purchasers
and the Seller hold their interests under the TIC Agreement (the “TIC Interest”) as provided therein;

 

NOW,
THEREFORE, for and in consideration of the foregoing, and the representations, warranties and other terms contained in this Agreement,
and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending
to be legally bound hereby, agree as follows:

 

ARTICLE
1.

CONVEYANCE AND PURCHASE PRICE

 

	1.1.	Subject
    of Conveyance. Seller irrevocably agrees to sell, transfer and assign to each Purchaser at the Closing (as defined in Section
    6.1 hereof) the undivided interest in the Property described in Schedule I, attached hereto (a “Property Interest”),
    and each Purchaser agrees to purchase and accept such Property Interest to be purchased by such Purchaser pursuant to the terms and
    subject to the conditions set forth in this Agreement. Each Property Interest shall be conveyed to each Purchaser free and clear
    of all Liens (as defined in Section 1.4 hereof) other than Permitted Liens (as defined in Section 1.4 hereof).
	 	 
	1.2.	Purchase
    Price. The purchase price to be paid by each Purchaser to Seller for the Property Interest is as provided in Schedule I, attached
    hereto (the “Purchase Price”) on the Closing Date. The Purchase Price shall be payable in advance of the Closing
    as determined by the Seller and the Purchasers.
	 	 
	1.3.	No
    Further Interest. Seller acknowledges and agrees that effective upon Closing, the Property Interests shall be transferred, assigned
    and conveyed to each Purchaser, and Seller shall have no further right, title or interest in the Property other than holding a Property
    Interest that will be subject to the terms and provisions of the TIC Agreement.

 

    	 

    	 

    

 

	1.4.	Definitions.
    As used in this Agreement, the following terms have the following meanings:

 

(a)
“Governmental Authority” means any government or agency, bureau, board, commission, court, department, official, political
subdivision, tribunal or other instrumentality of any government, whether federal, state or local, domestic or foreign.

 

(b)
“Knowledge” means, with respect to Seller, the actual knowledge of the executive officers of Seller, or any of them, without
inquiry.

 

(c)
“Leases” means the leases and occupancy agreements with respect to the Property in existence on the date of this Agreement.

 

(d)
“Liens” means all pledges, claims, liens, charges, restrictions, controls, easements, rights of way, exceptions, reservations,
leases, licenses, grants, covenants and conditions, encumbrances and security interests of any kind or nature whatsoever.

 

(e)
“Material Adverse Effect” means any material adverse change in any of the condition of the Property including the or any
improvements thereon.

 

(f)
“Permitted Liens” means any (i) Liens recorded as an encumbrance on the title to the Property as of the date of this Agreement,
including without limitation, the existing first or senior mortgage loan in favor of the lender of such loan; (ii) Liens for non-delinquent
taxes; (iii) zoning and other law generally applicable to the districts in which the Property is located; (iv) easements for public utilities,
encroachments, rights of access and/or other non-monetary matters that do not materially interfere with the use of the Property; (v)
Liens arising in the ordinary course of business; (vi) rights of tenants under leases and those claiming by, through or under such tenants,
(vii) rights of lessors underground and other leases of portions of the Property; and (viii)any exceptions contained in the title policies
relating to the Property as of the Closing Date.

 

(g)
“Person” means an individual, corporation, partnership, limited liability company, joint venture, association, trust, unincorporated
organization or other entity.

 

(h)
“Tax” or “Taxes” means any and all taxes, duties, assessments or governmental charges, imposts, levies or other
assessments, fees or other charges imposed by any Governmental Authority, including federal, state, provincial, local or foreign income,
gross receipts, license, payroll, employment-related, excise, goods and services, harmonized sales, severance, stamp, occupation, premium,
windfall profits, customs duties, capital stock, franchise, profits, withholding, social security, unemployment, disability, real property,
personal property, sales, use, transfer, registration, value added, alternative or add-on minimum, estimated, or other tax of any kind
whatsoever, including any interest, penalty, or addition thereto, whether disputed or not.

 

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ARTICLE
2.

REPRESENTATIONS AND WARRANTIES

 

	2.1.	Representations
    and Warranties by each Purchaser. Each Purchaser hereby represents and warrants to Seller that, as to such Purchaser and not
    to any other Person, the following statements are true, correct and complete as of the date of this Agreement and will be true, correct
    and complete as of the Closing Date:

 

(a)
Organization and Power; Due Authorization; Enforceability. Such Purchaser, if not an individual, is duly organized, validly existing
and in good standing under the laws of the State of its organization, and has full right, power and authority to enter into this Agreement
and to perform all of its obligations under this Agreement. If such Purchaser is not an individual, the execution and delivery by such
Purchaser of this Agreement and the performance by such Purchaser of its obligations hereunder have been duly authorized by all requisite
action of such Purchaser and require no further action or approval of such Purchaser’s members, partners, stockholders, managers,
board of directors, trustees or of any other individuals or entities in order to constitute this Agreement as a binding and enforceable
obligation of such Purchaser. This Agreement constitutes the legal, valid and binding obligation of such Purchaser, enforceable against
such Purchaser in accordance with its terms, except as such enforceability may be limited by bankruptcy or the application of equitable
principles.

 

(b)
Compliance With Laws and Policies. The execution and delivery of this Agreement and the consummation of this transaction will not result
in any violation of, or default under, or result in the acceleration of (1) any obligation under the charter, bylaws, limited liability
company agreement, partnership agreement, declaration of trust or other organizational documents of such Purchaser, or any mortgage,
indenture, Lien, agreement, note, contract, or instrument to which such Purchaser is a party or by which such Purchaser is bound, or
(2) permit, judgment, decree, order, restrictive covenant, statute, law, ruling, ordinance, rule or regulation applicable to such Purchaser.

 

(c)
Litigation. There is no action, suit or proceeding pending against or affecting such Purchaser in any court or before any arbitrator
or before any federal, state, municipal, or other governmental department, commission, board, bureau, agency or instrumentality which
could reasonably be expected to (1) in any manner raise any question affecting the validity or enforceability of this Agreement, (2)
materially and adversely affect the business, financial position, or results of operations of such Purchaser or (3) materially and adversely
affect the ability of such Purchaser to perform its obligations hereunder.

 

(d)
No Consents. Each consent, approval, authorization, order, license, certificate, permit, registration, designation or filing by or with
any governmental agency or body necessary for the execution and delivery of this Agreement by such Purchaser and the performance by such
Purchaser of its obligations hereunder has been obtained or will be obtained on or before the Closing Date.

 

(e)
OFAC. Such Purchaser is not a person or entity with whom Seller is restricted from doing business under regulations of the Office of
Foreign Asset Control of the Department of the Treasury (“OFAC”) (including, but not limited to, those named on OFAC’s
Specially Designated and Blocked Persons list) or under any statute, executive order (including, but not limited to, the September 24,
2001, Executive Order Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism),
or other governmental action and is not and shall not engage in any dealings or transaction or be otherwise associated with such person
or entities. Such Purchaser is not acting, directly or indirectly for, or on behalf of, any person, group, entity or nation named by
any Executive Order (including the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions With Persons Who
Commit, Threaten to Commit, or Support Terrorism) or the United States Treasury Department as a terrorist, “Specially Designated
National and Blocked Person,” or other banned or blocked person, entity, or nation pursuant to any law that is enforced or
administered by OFAC, and is not engaging in the transactions contemplated by this Agreement, directly or indirectly, on behalf of, or
instigating or facilitating such transactions, directly or indirectly, on behalf of, any such person, group, entity or nation.

 

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(f)
Tax Treatment. Each Purchaser represents and warrants that it has obtained from its own counsel advice regarding the tax consequences
of the acquisition of the Property Interests by such Purchaser pursuant to the terms of this Agreement and that Seller has not made any
representation to such Purchaser regarding the tax treatment of the transactions contemplated by this Agreement, and further represents
and warrants that it has not relied on Seller or any representatives or counsel of Seller for any tax advice.

 

	2.2.	Representations
    by Seller. Seller hereby represents and warrants to each Purchaser that the following statements are true, correct, and complete
    as of the date of this Agreement and will be true, correct, and complete as of the Closing Date:

 

(a)
Organization and Power; Due Authorization. Seller is duly organized, validly existing and in good standing under the laws of its state
of its organization. Seller has full right, power and authority to enter into this Agreement and to perform all of its obligations under
this Agreement; and the execution and delivery by Seller of this Agreement and the performance by Seller of its obligations hereunder
have been duly authorized by all requisite action of Seller and require no further action or approval of Seller’s members, or of
any other individuals or entities, as applicable, in order to constitute this Agreement as a binding and enforceable obligation of Seller.
This Agreement constitutes the legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms,
except as such enforceability may be limited by bankruptcy or the application of equitable principles.

 

(b)
Compliance With Laws and Policies. The execution and delivery of this Agreement and the consummation of this transaction will not result
in any violation of, or default under, or result in the acceleration of (1) any obligation under the charter, limited liability company
agreement, or other organizational documents of Seller, or any mortgage, indenture, Lien, agreement, note, contract, or instrument to
which Seller is a party or by which Seller or, to the Knowledge of Seller, the Property, is bound or (2) permit, judgment, decree, order,
restrictive covenant, statute, law, ruling, ordinance, rule or regulation applicable to Seller or, to the Knowledge of Seller, the Property
or the use or construction thereof.

 

(c)
Litigation. There is no action, suit or proceeding pending or, to the Knowledge of Seller, threatened, against or affecting Seller’s
right to enter into this Agreement and perform its obligations hereunder in any court or before any arbitrator or before any federal,
state, municipal or other governmental department, commission, board, bureau, agency or instrumentality.

 

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(d)
Good Title. Seller is the sole record and beneficial owner of the Property. Seller has good and valid title to the Property. Except for
Permitted Liens, each Property Interest is free and clear of all Liens and at the Closing will be sold to each Purchaser free and clear
of all Liens. No other Person or entity has an option to purchase or a right of first refusal to purchase any Property Interest nor are
there any agreements or understandings with respect to the ownership or disposition of any Property Interest that would adversely affect
Seller’s ability to perform its obligations hereunder or any Purchaser’s rights to its Property Interest following the Closing.

 

(e)
No Consents. Each consent, approval, authorization, order, license, certificate, permit, registration, designation or filing by or with
any governmental agency or body necessary for the execution and delivery by Seller of this Agreement and the performance by Seller of
its obligations hereunder has been obtained or will be obtained on or before the Closing Date. Each consent or approval required under
any charter, limited liability company agreement or other organizational documents, or any contract or agreement of Seller, or among
the members of Seller, relating to indebtedness or otherwise, necessary for the execution and delivery by Seller of this Agreement and
performance by Seller of its obligations hereunder has been obtained or will be obtained on or before the Closing Date.

 

(f)
Actions Prior to Closing. From the date hereof until the Closing Date, Seller shall not take any action or fail to take any action the
result of which would reasonably be expected to (1) have a Material Adverse Effect on the Property, or any Purchaser’s ownership
purchased hereunder thereof, or (2) cause any of the representations and warranties contained in this Section 2.2 to be untrue as of
the Closing Date.

 

(g)
Bankruptcy with respect to Seller. No Act of Bankruptcy has occurred with respect to Seller. As used herein, “Act of Bankruptcy”
means if Seller or any equity holder, partner, manager or director thereof shall (A) apply for or consent to the appointment of, or the
taking of possession by, a receiver, custodian, trustee or liquidator of itself or of all or a substantial part of its property, (B)
admit in writing its inability to pay its debts as they become due, (C) make a general assignment for the benefit of its creditors, (D)
file a voluntary petition or commence a voluntary case or proceeding under the Federal Bankruptcy Code (as now or hereafter in effect),
(E) be adjudicated bankrupt or insolvent, (F) file a petition seeking to take advantage of any other law relating to bankruptcy, insolvency,
reorganization, receivership, dissolution, winding-up or composition or adjustment of debts, (G) fail to controvert in a timely and appropriate
manner, or acquiesce in writing to, any petition filed against it in an involuntary case or proceeding under the Federal Bankruptcy Code
(as now or hereafter in effect) or (H) take any entity action for the purpose of effecting any of the foregoing.

 

(h)
Brokerage Commission. Seller has not engaged the services of any real estate agent, broker, finder or any other Person for any brokerage
or finder’s fee, commission or other amount with respect to the transactions described herein, except as otherwise disclosed to
each Purchaser.

 

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(i)
No Other Interests. Seller does not own any interest in the Property other than its ownership of the deed to the Property which will
be subject to the TIC Agreement at the Closing.

 

(j)
Real Property.

 

(i)
To the Knowledge of Seller, Seller has not received from any Governmental Authority written notice of any material violation of any laws
applicable (or alleged to be applicable), to the extent compliance is not the responsibility of the tenants under the Leases, to the
Property, or any part thereof, that has not been corrected.

 

(ii)
There are no Liens as a result of any delinquent taxes on the Property.

 

(k)
Prior to the Closing Date, Seller shall not take or omit to take any action to cause any Lien to attach to the Property, except for Permitted
Liens.

 

(l)
(A) To the Knowledge of Seller, (B) to the extent compliance is not the responsibility of the tenants under the Leases, and (C) except
for matters not reasonably likely to cause a Material Adverse Effect to Seller, the Property, the Property is in compliance with all
applicable present and future federal, state and local laws, statutes, ordinances, rules, regulations, standards, policies and other
governmental directives or requirements, as well as common law, relating to the protection of human health or the environment, Hazardous
Materials (as hereinafter defined), liability for, or costs of, other actual or threatened danger to human health or the environment
(collectively, the “Environmental Laws”). As used herein, “Hazardous Materials” shall mean “Hazardous
Material,” “Hazardous Substance,” “Pollutant or Contaminant,” and “Petroleum” and “Natural
Gas Liquids,” as those terms are defined or used in Section 101 of the Comprehensive Environmental Response, Compensation and Liability
Act of 1980 (42 U.S.C. Sections 9601 et seq.), as amended, and any other substances regulated because of their effect or potential effect
on public health and the environment, including, without limitation, PCBs, lead paint, asbestos, urea formaldehyde, radioactive materials,
putrescible materials, and infectious materials Environmental Laws.

 

(m)
To the Knowledge of Seller, no condemnation or eminent domain proceedings are pending or have been threatened in writing against the
Property.

 

(n)
OFAC. Seller is not a person or entity with whom any Purchaser is restricted from doing business under regulations of OFAC (including,
but not limited to, those named on OFAC’s Specially Designated and Blocked Persons list) or under any statute, executive order
(including, but not limited to, the September 24, 2001, Executive Order Blocking Property and Prohibiting Transactions With Persons Who
Commit, Threaten to Commit, or Support Terrorism), or other governmental action and is not and shall not engage in any dealings or transaction
or be otherwise associated with such person or entities. Seller is not acting, directly or indirectly for, or on behalf of, any person,
group, entity or nation named by any Executive Order (including the September 24, 2001, Executive Order Blocking Property and Prohibiting
Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism) or the United States Treasury Department as a terrorist,
“Specially Designated National and Blocked Person,” or other banned or blocked person, entity, or nation pursuant
to any law that is enforced or administered by OFAC, and is not engaging in the transactions contemplated by this Agreement, directly
or indirectly, on behalf of, or instigating or facilitating such transactions, directly or indirectly, on behalf of, any such person,
group, entity or nation.

 

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(o)
Foreign Persons. Seller is not a “foreign person” within the meaning of Section 1445(f) or Section 1446(f) of the
Internal Revenue Code of 1986, as amended (the “Code”).

 

ARTICLE
3.

INDEMNIFICATION

 

	3.1.	Survival
    of Representations and Warranties; Remedy for Breach.

 

(a)
Subject to Section 3.5 hereof, all representations and warranties of Seller contained in this Agreement or in any Schedule, Exhibit,
certificate or affidavit delivered pursuant to this Agreement shall survive the Closing for a period of six (6) months.

 

(b)
Subject to the limitations set forth in Section 3.4 hereof, following the Closing, Seller shall be liable under this Agreement for monetary
damages (or otherwise) for breach of any of its representations, warranties, covenants and obligations contained in this Agreement or
in any Schedule, Exhibit, certificate or affidavit delivered by Seller pursuant thereto.

 

	3.2.	General
    Indemnification.

 

(a)
From and after the Closing Date, Seller shall indemnify, hold harmless and defend each Purchaser and each of their respective officers,
directors, employees, stockholders, partners, agents and affiliates (each of which is an “Indemnified Party” and collectively
the “Indemnified Parties”), from and against any and all claims, losses, damages, liabilities and expenses, including,
without limitation, interest, penalties, amounts paid in settlement, reasonable attorneys’ fees, costs of investigation, judicial
or administrative proceedings or appeals therefrom and costs of attachment or similar bonds (collectively, “Losses”)
asserted against, imposed upon or incurred by the Indemnified Party, to the extent resulting from any breach of a representation, warranty
or covenant of Seller contained in this Agreement, or in any Schedule, Exhibit, certificate or affidavit delivered by Seller pursuant
thereto. In each case, Seller shall only bear the fees, costs or expenses in connection with the employment of one counsel and any necessary
local counsel (regardless of the number of Indemnified Parties).

 

(b)
Seller shall also indemnify and hold harmless the Indemnified Parties from and against any and all Losses asserted against, imposed upon
or incurred by the Indemnified Parties to the extent resulting from a third-party claim against Seller and relating to the Property Interest
purchased by the applicable Purchaser hereunder to the extent such claim is to matters that occurred prior to the Closing and the action
of the Seller.

 

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(c)
With respect to any indemnification claim by an Indemnified Party pursuant to this Section 3.2, to the extent available, each Purchaser
agrees to use diligent good faith efforts to pursue and collect any and all available proceeds and benefits of any right to defense under
any insurance policy that covers the matter which is the subject of the indemnification prior to seeking indemnification from Seller
until all proceeds and benefits, if any, to which such Purchaser or any other Indemnified Party is entitled pursuant to such insurance
policy have been exhausted; provided, however, that such Purchaser and any other Indemnified Party may make a claim under this Section
3.2 even if an insurance coverage dispute is pending, in which case, if the Indemnified Party later receives insurance proceeds with
respect to any Losses paid by Seller for the benefit of any Indemnified Party, then the Indemnified Party shall reimburse Seller in an
amount equivalent to such proceeds in excess of any deductible amount pursuant to Section 3.2(a) hereof up to the amount actually paid
(or deemed paid) by Seller to the Indemnified Party in connection with such indemnification (it being understood that all costs and expenses
incurred by Seller with respect to insurance coverage disputes shall constitute Losses paid by Seller for purposes of Section 3.2(a)
hereof).

 

(d)
Any Losses that are payable to any Purchaser under the provisions of this Section 3.2, shall be payable only by assignment of payments
to Seller as a holder of a TIC Interest under the TIC Agreement.

 

	3.3.	Notice
    and Defense of Claims. As soon as reasonably practicable after receipt by the Indemnified Party of notice of any liability or
    claim incurred by or asserted against the Indemnified Party that is subject to indemnification under this Article III, the Indemnified
    Party shall give notice thereof to Seller, including liabilities or claims to be applied against the indemnification deductible established
    pursuant to Section 3.4 hereof; provided that failure to give notice to Seller will not relieve Seller from any liability that it
    may have to any Indemnified Party, unless, and only to the extent that, such failure (a) shall have caused prejudice to the defense
    of such claim or (b) shall have materially increased the costs or potential liability of Seller by reason of the inability or failure
    of Seller (due to such lack of prompt notice) to be involved in any investigations or negotiations regarding any such claim. Such
    notice shall describe in reasonable detail the facts known to such Indemnified Party giving rise to such claim, and the amount or
    good faith estimate of the amount of Losses arising therefrom. Unless prohibited by law, such Indemnified Party shall deliver to
    Seller, promptly after such Indemnified Party’s receipt thereof, copies of all notices and documents received by such Indemnified
    Party relating to such claim. The Indemnified Party shall permit Seller, at Seller’s option and expense, to assume the defense
    of any such claim by counsel selected by Seller and reasonably satisfactory to the Indemnified Party, and to settle or otherwise
    dispose of the same; provided, however, that the Indemnified Party may at all times participate in such defense at its sole expense;
    and provided further, however, that Seller shall not, in defense of any such claim, except with the prior written consent of the
    Indemnified Party in its sole and absolute discretion, consent to the entry of any judgment or enter into any settlement that does
    not include as an unconditional term thereof the giving by the claimant or plaintiff in question to all Indemnified Parties a full
    and complete release of all liabilities in respect of such claims, or that does not result only in the payment of money damages which
    are paid (or deemed paid) in full by Seller. If Seller shall not have undertaken such defense within twenty (20) days after such
    notice, or within such shorter time as may be reasonable under the circumstances to the extent required by applicable law, then the
    Indemnified Party shall have the right to undertake the defense, compromise or settlement of such liability or claim on behalf of
    and for the account of Seller and at Seller’s sole cost and expense (subject to the limitations in Section 3.4 hereof).

 

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	3.4.	Limitations
    on Indemnification under Section 3.2(a).

 

(a)
Seller shall not be liable under Section 3.2(a) hereof unless and until the total amount recoverable by the Indemnified Parties under
Section 3.2(a) exceeds one percent (1%) of the Purchase Price payable by such applicable Purchaser and then only to the extent of such
excess. Seller’s total liability for indemnification shall not exceed five percent (5%) of the Purchase Price payable by the Purchasers.

 

(b)
Notwithstanding anything contained herein to the contrary, before taking recourse against any assets of Seller and subject to the limitations
set forth in the following sentence, the Indemnified Parties shall look, first to available insurance proceeds (including without limitation
any title insurance proceeds, if applicable) in accordance with Section 3.2(c) hereof, and then to indemnification under this Article
III. Notwithstanding anything to the contrary in this Agreement, except in the case of fraud or in the event of Losses relating to a
third-party claim, Seller shall not be liable to the Indemnified Parties for any indirect, special or consequential damages, loss of
profits, Taxes relating to tax years beginning on or after the Closing, loss of value or other similar speculative damages asserted or
claimed by the Indemnified Parties.

 

	3.5.	Limitation
    Period.

 

(a)
Any claim for indemnification under Section 3.2 hereof must be asserted in writing by the Indemnified Party, stating the nature of the
Losses and the basis for indemnification therefor on or prior to the first (1st) anniversary of the Closing.

 

(b)
If asserted in writing on or prior to the date specified in Section 3.5(a) hereof for the applicable claim, any claims for indemnification
pursuant to Section 3.2 hereof shall survive until resolved by mutual agreement between Seller and the Indemnified Party or by arbitration
or court proceeding.

 

	3.6.	Sole
    and Exclusive Remedy. From and after the Closing, except in the case of fraud, the indemnification under this Article III shall
    be the sole and exclusive (A) remedy of the Indemnified Parties against Seller for any inaccuracy in or breach of any representation
    or warranty contained in this Agreement and (B) monetary remedy of the Indemnified Parties against Seller for any failure to perform
    or comply with any covenant or obligation in this Agreement.

 

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ARTICLE
4.

COVENANTS

 

	4.1.	Covenants.

 

(a)
Satisfaction of Conditions. Seller hereby covenants that Seller shall (A) use commercially reasonable efforts and diligence in order
to satisfy all of the conditions to the Closing set forth herein and (B) cooperate and assist in each Purchaser’s efforts to satisfy
all of the conditions to the Closing set forth herein, and agrees that each Purchaser shall not have any obligation to consummate the
Closing hereunder unless and until such conditions have been satisfied or waived by each Purchaser in writing. Seller shall, prior to
the Closing, and in any event prior to March 30, 2022, obtain the consent of the current mortgage lender or refinance the Property to
the sale of the Property Interests under this Agreement and for the Purchasers and Seller to hold their Property Interests under the
TIC Agreement.

 

(b)
No Disposition or Encumbrance of Property. From the date hereof through the Closing, except as specifically contemplated by this Agreement,
Seller shall not, without the prior written consent of each Purchaser, (i) sell, transfer (or agree to sell or transfer) or otherwise
dispose of, or cause the sale, transfer or disposition of (or agree to do any of the foregoing) all or any portion of the Property or
(ii) mortgage, assign, pledge or otherwise encumber in any manner the Property other than to refinance any existing indebtedness and
except as otherwise agreed by the each Purchaser or which refinancing reduces the financing costs of the Property.

 

(c)
Ordinary Course of Business. From the date hereof through the Closing, and except as specifically contemplated by this Agreement or as
otherwise agreed by each Purchaser, Seller shall conduct its business in the ordinary course of business consistent with past practice
and, to the extent within its control, cause the Property to be operated in the ordinary course of business consistent with past practice.

 

ARTICLE
5.

CONDITIONS PRECEDENT TO THE CLOSING

 

	5.1.	Conditions
    to Each Purchaser’s Obligation. In addition to any other conditions set forth in this Agreement, each Purchaser’s
    obligation to consummate the Closing is subject to the timely satisfaction of each of the conditions and requirements set forth in
    this Section 5.1, all of which shall be conditions precedent to each Purchaser’s obligations under this Agreement.

 

(a)
Representations and Warranties. The representations and warranties made by Seller pursuant to this Agreement shall be true and correct
as of the Closing as though such representations and warranties were made at the Closing.

 

(b)
Performance. Seller shall have performed and complied with all agreements and covenants that it is required to perform or comply with
pursuant to this Agreement prior to the Closing, including having delivered each of the items set forth in Section 6.2 hereof.

 

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(c)
Legal Proceedings. No order, statute, rule, regulation, executive order, injunction, stay, decree, or restraining order shall have been
enacted, entered, promulgated or enforced by any court of competent jurisdiction or governmental entity that restrains, prohibits or
otherwise invalidates the consummation of the transactions contemplated by this Agreement, and no litigation or governmental proceeding
seeking such an order shall be pending or threatened.

 

(d)
Consents and Approvals. All necessary approvals and consents of governmental and private parties, including, without limitation, all
ground lessors, tenants, other parties to service contracts, lenders and ratings agencies, partners, members or stockholders of Seller,
to effect the transactions contemplated by this Agreement, shall have been obtained.

 

	5.2.	Conditions
    to Seller’s Obligation. In addition to any other conditions set forth in this Agreement, Seller’s obligation to consummate
    the Closing is subject to the timely satisfaction of each of the conditions and requirements set forth in this Section 5.2, all of
    which shall be conditions precedent to Seller’s obligations under this Agreement.

 

(a)
Representations and Warranties. The representations and warranties made by each Purchaser pursuant to this Agreement shall be true and
correct as of the Closing Date as though such representations and warranties were made at the Closing.

 

(b)
Performance. Each Purchaser shall have performed and complied in all material respects with all agreements and covenants that it is required
to perform or comply with pursuant to this Agreement prior to the Closing.

 

(c)
Legal Proceedings. No order, statute, rule, regulation, executive order, injunction, stay, decree, or restraining order shall have been
enacted, entered, promulgated or enforced by any court of competent jurisdiction or governmental entity that prohibits the consummation
of the transactions contemplated by this Agreement, and no litigation or governmental proceeding seeking such an order shall be pending
or threatened.

 

ARTICLE
6.

CLOSING AND CLOSING DOCUMENTS

 

	6.1.	Closing.
    The consummation and closing of the transactions contemplated pursuant to this Agreement (the “Closing”) shall
    take place by electronic transmission of closing documents to the extent possible, promptly following satisfaction of the conditions
    to the Closing set forth herein (the “Closing Date”), or as otherwise set by agreement of the parties.
	 	 
	6.2.	Seller’s
    Deliveries. At the Closing, Seller shall deliver the following to each Purchaser in addition to all other items required to be
    delivered to each Purchaser by Seller:

 

(a)
A duly executed counterpart of the Tenant in Common Agreement in the form that has been accepted by each Purchaser.

 

    	11

    	 

    

 

(b)
FIRPTA Certificate. An affidavit from Seller certifying pursuant to Section 1445 and Section 1446(f) of the Code that Seller, or if Seller
is an entity disregarded from its owner, Seller’s regarded owner, is not a foreign corporation, foreign partnership, foreign trust,
foreign estate or foreign person (as those terms are defined in the Code and the Treasury Regulations promulgated thereunder).

 

(c)
Other Documents. Any other document or instrument reasonably requested by each Purchaser or required hereby.

 

	6.3.	Each
    Purchaser’s Deliveries. At the Closing, each Purchaser shall deliver the Purchase Price payable by such Purchaser that
    has not been paid by the deposit paid by such Purchaser in the amount that has been agreed by such Purchaser and Seller, as conclusively
    evidenced by a receipt for such deposit, by one or more wire transfers of immediately available federal funds to an account, or accounts,
    designated in writing by Seller, and shall deliver a duly executed counterpart of the Tenant in Common Agreement in the form that
    has been accepted by Seller.
	 	 
	6.4.	Default
    Remedies. If any party defaults in performing any of such party’s obligations under this Agreement, the other party shall
    have all rights and remedies available to it at law or in equity resulting from Seller’s default, including without limitation,
    the right to seek specific performance of this Agreement, including, for the avoidance of doubt, Seller’s obligation to convey
    the Property Interest to each Purchaser. The parties acknowledge and agree that the failure of a condition precedent to occur, notwithstanding
    the good faith and commercially reasonable efforts of the applicable party, shall not be a default hereunder.

 

ARTICLE
7.

MISCELLANEOUS

 

	7.1.	Notices.
    Any notice to be given or other document or payment to be delivered by any party to any other party hereunder may be delivered in
    person, or may be deposited in the United States mail, duly certified or registered, return receipt requested, with postage prepaid,
    or by Federal Express or other similar overnight delivery service, and addressed to the party at the addresses provided by such party.
    Any party hereto from time to time, by written notice to the others, may designate a different address that shall be substituted
    for the one above specified. Unless otherwise specifically provided for herein, all notices, payments, demands or other communications
    given hereunder shall be in writing and shall be deemed to have been duly given and received (i) upon personal delivery, or (ii)
    as of the fifth business day after mailing by United States registered or certified mail, return receipt requested, postage prepaid,
    addressed as set forth above, or (iii) the immediately succeeding business day after deposit with Federal Express or other similar
    overnight delivery system. In addition to the foregoing, if a party has authorized the delivery of a notice by electronic mail, then
    a notice may be delivered to such party as so authorized.
	 	 
	7.2.	Entire
    Agreement; Third-Party Beneficiaries. This Agreement, including, without limitation, the exhibits attached hereto, constitutes
    the entire agreement and supersedes each prior agreement and understanding, whether written or oral, among the parties regarding
    the subject matter of this Agreement. This Agreement is not intended to confer any rights or remedies on any Person other than the
    parties hereto.

 

    	12

    	 

    

 

	7.3.	Amendment.
    This Agreement may not be amended except by an instrument in writing signed on behalf of each of the parties hereto.
	 	 
	7.4.	Governing
    Law.

 

(a)
This Agreement shall be governed by and construed in accordance with the laws of the State of Florida, exclusive of conflict or choice
of law rules. Each party hereto agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions
contemplated by this Agreement (whether brought against a party hereto or its respective affiliates, directors, officers, shareholders,
partners, members, employees or agents) shall be, except to the extent otherwise required by applicable law, commenced exclusively in
the state and federal courts sitting in Bexar County, Texas. Each party hereto hereby irrevocably submits to the exclusive jurisdiction
of the state and federal courts sitting in such county for the adjudication of any dispute hereunder or in connection herewith or with
any transaction contemplated hereby or discussed herein (including with respect to the enforcement of any provision of this Agreement),
and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject
to the jurisdiction of any such court, that such suit, action or proceeding is improper or is an inconvenient venue for such proceeding.

 

(b)
Each party hereto hereby irrevocably waives personal service of process and consents to process being served in any such suit, action
or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party
at the address in effect for notices to it under this Agreement and agrees that such service shall constitute good and sufficient service
of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner
permitted by law.

 

	7.5.	Attorney
    Fees. Subject to any Award in arbitration as provided in this Agreement, if any action or proceeding is instituted between all
    or any of the parties arising from or related to or with this Agreement, the party prevailing in such action or arbitration shall
    be entitled to recover from the other parties to such action all of its or their costs of action or arbitration, including, without
    limitation, reasonable attorneys’ fees and costs as fixed by the court or arbitrator therein.
	 	 
	7.6.	Binding
    Arbitration.

 

(a)
Any dispute, controversy or claim arising out of or relating to this contract, including the formation, interpretation, breach or termination
thereof, including whether the claims asserted are arbitrable, will be referred to and finally determined by arbitration in accordance
with the JAMS Arbitration Rules. The tribunal will consist of one arbitrator. The place of arbitration will be San Antonio, Texas or
the closest location to such city that JAMS has a location for arbitration. Judgment upon the award (the “Award”)
rendered by the arbitrator may be entered in any court having jurisdiction thereof.

 

    	13

    	 

    

 

(b)
The parties shall maintain the confidential nature of the arbitration proceeding and the Award, including the arbitration proceeding
(the “Hearing”), except as may be necessary to prepare for or conduct the arbitration hearing on the merits, or except
as may be necessary in connection with a court application for a preliminary remedy, a judicial challenge to an Award or its enforcement,
or unless otherwise required by law or judicial decision.

 

(c)
In any arbitration arising out of or related to this Agreement, the arbitrator is not empowered to award punitive or exemplary damages,
except where permitted by statute, and the parties waive any right to recover any such damages.

 

(d)
In any arbitration arising out of or related to this Agreement, the arbitrator may not award any incidental, indirect or consequential
damages, including damages for lost profits.

 

(e)
This Agreement and the rights of the parties hereunder shall be governed by and construed in accordance with the laws of the State of
Texas, exclusive of conflict or choice of law rules.

 

(f)
The parties acknowledge that this Agreement evidences a transaction involving interstate commerce.

 

(g)
Notwithstanding the provision in the preceding paragraph with respect to applicable substantive law, any arbitration conducted pursuant
to the terms of this Agreement shall be governed by the Federal Arbitration Act (9 U.S.C., Secs. 1-16).

 

(h)
In any arbitration arising out of or related to this Agreement, the arbitrator shall award to the prevailing party, if any, the costs
and attorneys’ fees reasonably incurred by the prevailing party in connection with the arbitration.

 

(i)
If the arbitrator determines a party to be the prevailing party under circumstances where the prevailing party won on some but not all
of the claims and counterclaims, the arbitrator may award the prevailing party an appropriate percentage of the costs and attorneys’
fees reasonably incurred by the prevailing party in connection with the arbitration.

 

	7.7.	Counterparts.
    This Agreement may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall
    be an original, but all such counterparts shall together constitute one and the same instrument. Each counterpart may consist of
    a number of copies hereof, each signed by less than all, but together signed by all of the parties hereto. Each party hereto may
    rely upon the facsimile or electronic pdf email signature of any other party as if such signature were an original signature.
	 	 
	7.8.	Headings.
    Headings of the Articles and Sections of this Agreement are for convenience only and shall be given no substantive or interpretive
    effect whatsoever.
	 	 
	7.9.	Incorporation.
    All Exhibits attached hereto and referred to herein are hereby incorporated herein and made a part hereof for all purposes as if
    fully set forth herein.

 

    	14

    	 

    

 

	7.10.	Severability.
    Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be
    ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and
    provisions of this Agreement or affecting the validity or enforceability of any of the terms or provisions of this Agreement in any
    other jurisdiction. If any provision of this Agreement is so broad as to be unenforceable, the provision shall be interpreted to
    be only so broad as is enforceable.
	 	 
	7.11.	Waiver
    of Conditions. The conditions to the obligations hereunder of each party hereto are for the sole benefit of such party and may
    be waived by such party in whole or in part to the extent permitted by applicable law.
	 	 
	7.12.	1031
    Exchange. Each party (herein, the “Exchanging Party”) may consummate the sale or purchase, as the case may
    be, of the Property Interest as part of a so-called like-kind exchange (the “Exchange”) pursuant to Section 1031
    of the Code and the parties hereby agree to reasonably cooperate with each other with respect to an Exchange, provided that: (i)
    the Exchanging Party shall effect the Exchange through an assignment of this Agreement, or its rights under this Agreement, to a
    qualified intermediary (as that term is defined in the Treasury Regulation Section 1.1031(k) – 1(g)(4) (iii)) and the other
    party to this Agreement shall not be required to acquire or hold title to any real property or sell the Property Interest to any
    other third party, as the case may be, for purposes of consummating the Exchange, (ii) the Exchanging Party shall pay any additional
    costs that would not otherwise have been incurred by either party had the Exchanging Party not consummated the sale or purchase,
    as the case may be, through the Exchange and (iii) the Exchanging Party shall, and hereby does, indemnify, and hold the other party
    harmless from any loss, cost, damages, liability or expense which may arise or which the other party may suffer in connection with,
    an Exchange. The other party shall not by this Agreement or acquiescence to the Exchange (1) have its rights under this Agreement
    affected or diminished in any manner or (2) be responsible for compliance with or be deemed to have warranted to the Exchanging Party
    that the Exchange in fact complies with Section 1031 of the Code; nor shall the terms or provisions of this Agreement be modified,
    amended or extended thereby.
	 	 
	7.13.	Securities
    Law Compliance. Each Purchaser specifically acknowledges that the common stock of Clearday, Inc., an affiliate of Seller is traded
    publicly under the trading symbol “CLRD.” Each Purchaser further expressly acknowledges that it is aware that the securities
    laws of the United States prohibit any person who has received from an issuer material, non-public information, including information
    concerning the matters that are the subject of this agreement, from purchasing or selling securities of such issuer or from communicating
    such information to any other person.

 

[Signature
Page Follows.]

 

    	15

    	 

    

 

IN
WITNESS WHEREOF, this Agreement has been entered into effective as of the date first written above.

 

	SELLER:	 
	 	 
	MCA
    Naples, LLC	 
	A
    Tennessee Limited Liability Company	 
	 	 	 
	By:	 	 
	Name:	James
    T. Walesa	 
	Title:	CEO	 

 

[Signature
page to the Purchase Agreement]

 

    	 

    	 

    

 

	PURCHASER	 
	 	 	 	 
	D&M
    Carpenter Enterprises, Ltd., a Texas limited partnership	 
	By:	D&M Carpenter Management, Inc., a Texas corporation	 
	 	 	 
	 	Its general partner	 
	 	 	 	 
		By:	            	 
		Name:	Donald
    R. Carpenter, Jr.,	 
		Title:	President	 

 

[Signature
page to the Purchase Agreement]

 

    	 

    	 

    

 

	PURCHASER	 
	 	 
	Darrell
    K. Buckley and Beth Buckley, JTWROS	 
	 	 
	 	 
	Darrell
    K. Buckley	 
	 	 
	 	 
	Beth
    Buckley	 

 

[Signature
page to the Purchase Agreement]

 

    	 

    	 

    

 

Exhibit
A

Legal
Description of Property

PARCEL
1:

 

A
FEE INTEREST IN A PORTION OF LOTS 13, 14, AND 15, NAPLES IMPROVEMENT CO’S LITTLE FARMS, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 

FROM
THE SOUTHWEST CORNER OF LOT 12, NAPLES IMPROVEMENT CO’S LITTLE FARMS, AS RECORDED IN PLAT BOOK 2, PAGE 2, PUBLIC RECORDS OF
COLLIER COUNTY, FLORIDA, RUN N. 89 DEGREES 26’ 51” E., ALONG THE SOUTH LINE OF SAID LOT 12, FOR 20.00 FEET TO A POINT ON
THE EAST RIGHT OF WAY LINE OF GOODLETTE-FRANK ROAD; THENCE RUN N. 00 DEGREES 39’ 49” W., PARALLEL WITH THE WEST LINE OF
SAID LOT 12 FOR 10,00 FEET ALONG SAID EAST LINE OF GOODLETTE-FRANK ROAD; THENCE RUN N. 00 DEGREES 39’ 49” W., FOR 580.00
FEET ALONG SAID EAST LINE OF GOODLETTE-FRANK ROAD TO THE POINT OF BEGINNING OF THE TRACT HEREIN DESCRIBED; THENCE CONTINUE N. 00
DEGREES 39’ 49” W., FOR 420.00 FEET ALONG SAID EAST LINE OF GOODLETTE-FRANK ROAD; THENCE RUN N. 89 DEGREES 20’
11” E., FOR 196.54 FEET; THENCE RUN S. 30 DEGREES 28’ 42” E., FOR 396.02 FEET; THENCE RUN S. 59 DEGREES 31’
18” W., FOR 153.66 FEET; THENCE RUN S. 89 DEGREES 20’ 11” W. FOR 260.12 FEET TO THE POINT OF BEGINNING.

 

PARCEL
2:

 

AN
EASEMENT INTEREST IN A PARCEL OF LAND LYING IN AND BEING PARTS OF LOTS 12 AND 13, NAPLES IMPROVEMENT CO’S LITTLE FARMS, AS RECORDED
IN PLAT BOOK 2, PAGE 2, OF THE PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 

COMMENCING
AT THE SOUTHWEST CORNER OF LOT 12, NAPLES IMPROVEMENT CO’S LITTLE FARMS, AS RECORDED IN PLAT BOOK 2, PAGE 2, OF THE PUBLIC RECORDS
OF COLLIER COUNTY, FLORIDA; THENCE RUN ALONG THE SOUTH LINE OF SAID LOT 12, NORTH 89 DEGREES 26’ 51” EAST, 20.00 FEET; THENCE
ALONG A LINE LYING 20.00 FEET EAST OF AND PARALLEL WITH THE WEST LINE OF LOTS 12 AND 13 OF SAID NAPLES IMPROVEMENTS CO’S LITTLE
FARMS, NORTH 00 DEGREES 39’ 49” WEST, 10.00 FEET TO THE POINT OF BEGINNING OF THE HEREIN DESCRIBED PARCEL OF LAND; THENCE
CONTINUE NORTH 00 DEGREES 39’ 49” WEST, 580.00 FEET;

 

THENCE
NORTH 89 DEGREES 20’ 11” EAST, 55.00 FEET; THENCE SOUTH 00 DEGREES 39’

 

49”
EAST 580.00 FEET; THENCE SOUTH 89 DEGREES 20’ 11” WEST FOR 55.00 FEET TO THE POINT OF BEGINNING.

 

(BEARINGS
ARE BASED ON THE WEST LINE OF LOT 12, NAPLES IMPROVEMENT CO’S LITTLE FARMS AS BEING NORTH 00 DEGREES 39’ 49” WEST.)

 

PARCEL
3:

 

TOGETHER
WITH EASEMENT AS SET FORTH IN DRAINAGE EASEMENT RECORDED IN OFFICIAL RECORDS BOOK 2213, PAGE 1291, OF THE PUBLIC RECORDS OF COLLIER COUNTY,
FLORIDA.

 

Parcel
Identification Number: 61941600100

 

    	 

    	 

    

 

Form
of Acceptable Tenant in Common Agreement

 

[attached
hereto]Exhibit
10.2

 

TENANTS
IN COMMON AGREEMENT

 

THIS
TENANTS IN COMMON AGREEMENT (this “Agreement”) is entered into and shall be effective as of ______________
_____, 20____, by and between (1) MCA Naples, LLC, a Tennessee limited liability company (“Clearday”), and
(2) D&M Carpenter Enterprises, LTD., a Texas limited partnership (“Carpenter”), and (3) Darrell K. Buckley
and Beth Buckley, JTWROS (“Buckley” and, together Carpenter and Clearday and with any other persons or parties
who acquire an interest and assume the rights and obligations hereunder by written instrument, each sometimes referred to as a “Tenant
in Common” or collectively as the “Tenants in Common”), with reference to the facts set forth
below.

 

R
E C I T A L S:

 

WHEREAS,
each of the Tenants in Common own an undivided tenant in common interest (each, an “Interest”, and collectively,
the “Interests”), in certain real property and improvements thereon, located at 2626 Goodlette-Frank N Rd,
Naples, Florida, as more particularly described in Exhibit A, attached hereto and incorporated herein (the “Property”).
The percentage interest in the Property of any Tenant in Common, as adjusted from time to time pursuant to the terms hereof, shall be
such Tenant in Common’s “TIC Percentage” and the TIC Percentage of each Tenant in Common as of the date
of this Agreement is set forth in Schedule I, attached hereto and incorporated herein; and

 

WHEREAS,
the Tenants in Common desire to enter into this Agreement to (a) provide for the orderly administration of their rights and responsibilities
as to each other and as to others and (b) delegate authority and responsibility for the intended further operation and management of
the Property.

 

NOW,
THEREFORE, in consideration of the mutual covenants and conditions contained in this Agreement and for other good and valuable consideration,
the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto agree as set forth below.

 

	1.	Nature
                                            of Relationship Between Co-Tenants.

 

1.1
Tenants in Common Relationship; No Partnership. The Tenants in Common each shall hold their respective undivided tenancy in common
interests in the Property (the “Interests”) as tenants-in-common. The Tenants in Common do not intend by this
Agreement to create a partnership or joint venture among themselves, but merely to set forth the terms and conditions upon which each
of them shall hold their respective Interests. In addition, the Tenants in Common do not intend to create a partnership or joint venture
with the Property Manager (as defined below). Therefore, each Tenant in Common hereby elects to be excluded from the provisions of Subchapter
K of Chapter 1 of the Internal Revenue Code of 1986, as amended (the “Code”), with respect to the tenancy in
common ownership of the Property. The exclusion elected by the Tenants in Common hereunder shall commence with the execution of this
Agreement.

 

1.2
Reporting as Direct Owners and Not a Partnership. Each Tenant in Common hereby covenants and agrees to report on such Tenant in
Common’s respective federal and state income tax returns all items of income, deduction and credits that result from its Interests.
All such reporting shall be consistent with the exclusion of the Tenants in Common from Subchapter K of Chapter 1 of the Code, commencing
with the first taxable year following the execution of this Agreement. Further, each Tenant in Common covenants and agrees not to notify
the Commissioner of Internal Revenue (“Commissioner”) that it desires that Subchapter K of Chapter 1 of the
Code apply to the Tenants in Common.

 

    	 

     

    

 

1.3
Indemnity. Each Tenant in Common hereby agrees to indemnify, protect, defend and hold the other Tenant in Common free and harmless
from all costs, liabilities, tax consequences and expenses (for example, taxes, interest and any penalties), including, without limitation,
attorneys’ fees and costs, which may result from any Tenant in Common so notifying the Commissioner in violation of this Agreement
or otherwise taking a contrary position on any tax return, report or other document. Notwithstanding anything in this Agreement to the
contrary, no Tenant in Common shall act in such a manner as to cause a default to occur under any loan (and associated loan documents)
secured by the Property, including the Mortgage Loan (as hereinafter defined) and the Mortgage Loan Documents (as hereinafter defined).

 

1.4
No Agency. No Tenant in Common is authorized to act as agent for, to act on behalf of, or to do any act that will bind, any other
Tenant in Common, or to incur any obligations with respect to the Property.

 

	2.	Management.

 

2.1
Property Management Agreement. Concurrently with the acquisition of the Property, the Tenants in Common will enter into a Management
and Leasing Agreement (the “Property Management Agreement”) with Clearday Management Ltd., a Texas corporation
(the “Property Manager”). Except as otherwise provided herein, pursuant to the Property Management Agreement,
the Property Manager shall be the sole and exclusive manager of the Property to act on behalf of the Tenants in Common with respect to
the management, operation, maintenance and leasing of the Property until the Property Management Agreement is terminated in accordance
with its terms. All of the terms, covenants and conditions of the Property Management Agreement are hereby incorporated herein. The Property
Management Agreement shall be renewable no less frequently than annually. Fees paid to the Property Manager shall not depend in whole
or in part on the income or profits derived by any person from the Property and shall not exceed the fair market value of the Property
Manager’s services.

 

2.2
Property Management Services. The Property Manager’s services shall be limited to customary services typically performed
to manage the Property on behalf of the Tenants in Common, such as collecting rents, paying property taxes and insurance premiums, arranging
for repair and maintenance of the Property, utilities, heat, air conditioning, trash removal, parking for the Property and paying such
expenses, and providing other customary services. The amount of rent paid by a lessee shall not be based on a percentage of net income,
cash flow, increases in equity, or otherwise depend in whole or in part on the income or profits derived by the lessee.

 

2.3
Accounts, Books and Records and Statements. The Property Manager, on behalf of the Tenants in Common, shall open and maintain
all accounts necessary or desirable in connection with ownership of the Property, shall maintain adequate books and records of the Property
operations, and shall provide monthly reports to the Tenants in Common on the operations of the Property.

 

	3.	Decisions
                                            of the Tenants in Common.

 

3.1
Approvals. The Tenants in Common shall unanimously approve (i) decisions of the Property Manager regarding leases or subleases,
deed restrictions, or grants of easement of/on all or any portion of the Property, provided that the conveyance of leases or subleases
or portions of the Property pursuant to contracts with third parties that have been previously approved by the Tenants in Common shall
not require the further approval of the Tenants in Common, (ii) any sale or exchange of the Property, (iii) any indebtedness or loan,
and any negotiation or refinancing thereof, secured by a lien on the Property, (iv) any successor or replacement Property Manager, (v)
annual budgets for development and operations of the Property, (vi) any contracts, renewals and amendments thereof, and any transactions
with parties affiliated with any Tenant in Common or the Property Manager including the Property Management Agreement, and (vii) any
successor or replacement Property Manager. Whenever this Agreement provides that the Tenants in Common shall be entitled to vote upon
a matter, each Tenant in Common shall be entitled to vote in proportion to its TIC Percentage.

 

    	2

     

    

 

3.2
Meetings. There shall be no scheduled or periodic meetings of the Tenants in Common, but a meeting of the Tenants in Common may
be called by the Property Manager or by any Tenant in Common by providing written notice of such meeting to all parties hereto not less
than ten (10) nor more than sixty (60) days prior to the date of such meeting (unless all Tenants in Common agree to an earlier date).
The notice shall state the nature of the business to be discussed at the meeting. The Property Manager and each Tenant in Common shall
exert reasonable efforts to attend such meeting (or participate in such meeting via telephone).

 

3.3
Approval of Existing Property Loan. The Tenants in Common are concurrently herewith assuming a commercial mortgage loan (the “Mortgage
Loan”)in the initial principal amount and by the Lender (together with any of its or their respective affiliates and/or
any of its or their respective successors and/or assigns, being referred to herein as the “Lender”) that is
described on Schedule II, attached hereto and incorporated herein, which loan may be increased from time to time, and in connection therewith,
entering into various documents evidencing and securing the Mortgage Loan, secured by a blanket lien on the Property, but may execute
contribution and indemnity agreements, subordinate to the Lender’s Loan, to share the liability as between the Tenants in Common
in proportion to their TIC Percentage. The execution and delivery by the Tenants in Common of all documents, instruments and agreements
in connection with the Mortgage Loan (collectively, the “Mortgage Loan Documents”) conclusively evidences that
such execution and delivery has been duly authorized by all requisite action on the part of the Tenants in Common as tenants in common
under this Agreement. In addition, for so long as any obligations of the Tenants in Common under the Mortgage Loan remain outstanding,
the Tenants in Common shall comply with the covenants and restrictions set forth in the Mortgage Loan Documents. For the avoidance of
doubt, the Tenants in Common acknowledge and accept that a failure to timely comply with Sections 5.2, 10, or 11.8
of this Agreement shall be a default under the Mortgage Loan as to which the cure period has elapsed.

 

	4.	Income
                                            and Liabilities; Bank Accounts. 

 

4.1
Except as otherwise provided herein and in the Property Management Agreement, each of the Tenants in Common shall be entitled to all
benefits and obligations of ownership of the Property based on their TIC Percentage. Accordingly, each of the Tenants in Common shall
(a) be entitled to all benefits of ownership of the Property, on a gross and not a net basis, including, without limitation, all items
of income, revenue and proceeds from sale or refinance or condemnation of the Property, in proportion to their respective TIC Percentage,
and (b) bear, and shall be liable for, payment of all expenses of ownership of the Property, on a gross and not a net basis, including
by way of illustration, but not limitation, all operating expenses and expenses of sale or refinancing or condemnation, in proportion
to their respective TIC Percentage; except for such amounts as may be reasonably determined by the Property Manager to be retained for
reserves or improvements in accordance with the Property Management Agreement.

 

    	3

     

    

 

4.2
Bank Accounts. Subject to the Mortgage Loan Documents, the funds, income and revenues of the Property shall be deposited in such
separate co-tenancy bank account or accounts in such bank or banks as shall be determined by, and in the sole discretion of the Tenants
in Common. The Tenants in Common shall be entitled to receive copies of monthly bank statements from all accounts maintained for the
benefit of the Property or the Tenants in Common. In all events, subject to the Mortgage Loan Documents, the Property Manager shall cause
the disbursement to the Tenants in Common of their respective shares of net revenues from the Property (the “TIC Proceeds”)
within three (3) months from the date of receipt of those revenues.

 

	5.	Co-Tenant’s
                                            Obligations. The Tenants in Common each agree to perform such acts as may be reasonably
                                            necessary to carry out the terms and conditions of this Agreement and the Mortgage Loan Documents,
                                            including, without limitation:

 

5.1
Documents. Executing documents required in connection with a sale or refinancing of the Property in accordance with Section
6 below and such additional documents as may be required under this Agreement or may be reasonably required to effect the intent
of the Tenants in Common with respect to the Property or any loans encumbering the Property.

 

5.2
Additional Funds. Each Tenant in Common will be responsible for its TIC Percentage of costs, fees, expenses and any future cash
needed in connection with the acquisition, financing, ownership, operation and maintenance of the Property, including, for the avoidance
of doubt, any and all deposits and acquisition and financing costs that may have been incurred prior to the effective date of this Agreement.
If a Tenant in Common (the “Defaulting Owner”) fails for any reason to timely contribute its proportionate
share of funds required by this Agreement, within sixty (60) days of such failure, the other Tenant in Common who has made the required
contribution (the “Non Defaulting Owner”) shall have the obligation to contribute all of the amount which the
Defaulting Owner has failed to contribute (on behalf of the Defaulting Owner) (a “Required TIC Loan”). The
Non Defaulting Owner shall be entitled to the repayment of the Required TIC Loan from TIC Proceeds attributable to the Defaulting Owner’s
share of such TIC Proceeds and prior to the disbursement of such TIC Proceeds to the Defaulting Owner.

 

	6.	Sale
                                            or Encumbrance of Property.

 

6.1
Approval. Notwithstanding any other provisions of this Agreement, any sale or exchange of the Property, and any loan encumbering
the Property and any sale of the Property, shall be subject to unanimous approval by the Tenants in Common.

 

6.2
Disbursement of Loan or Sales Proceeds. Notwithstanding any other provisions of this Agreement, each Tenant in Common’s
share of the proceeds of a loan encumbering the Property or sale of the Property shall be applied at the closing of the loan or the sale
as set forth below.

 

6.2.1
To the extent necessary, the proceeds shall first be used to pay in full its share of any loans encumbering title to the Property.

 

6.2.2
To the extent necessary, the proceeds shall next be used to pay in full any unsecured loan made to such Tenant in Common with respect
to the Property.

 

6.2.3
The proceeds shall next be used to pay its share of all outstanding costs and expenses incurred in connection with the financing, holding,
marketing and sale of the Property, including, without limitation, loan fees, lender expenses, title fees, attorneys’ fees and
similar costs and expenses.

 

    	4

     

    

 

6.2.4
The proceeds shall next be used to pay all outstanding fees and costs as set forth in the Property Management Agreement.

 

6.2.5
Any proceeds remaining shall be paid to such Tenant in Common.

 

	7.	Transfer
                                            or Encumbrance. Except as specifically provided in this Agreement and subject to compliance
                                            with applicable securities laws and the Mortgage Loan Documents secured by the Property,
                                            each Tenant in Common may sell, transfer, convey, pledge, encumber or hypothecate their Interest
                                            or any part thereof, provided that any transferee shall take such Interests subject to this
                                            Agreement. No Tenant in Common may transfer or assign any of their respective Interest to
                                            any person that directly or indirectly conducts the business of providing residential care
                                            services, including assisted living care, memory care, and similar services) without the
                                            approval of all of the Tenants in Common.
	 	 
	8.	No
                                            Right of Partition. The Tenants in Common agree that neither of the Tenants in Common
                                            (nor any of their successors-in-interest) shall have the right at any time to file a complaint
                                            or institute any proceeding at law or in equity to have the Property partitioned in accordance
                                            with and to the extent provided by applicable law. The Tenants in Common acknowledge and
                                            agree that the restriction on partition of the Property is required by the Lender and is
                                            consistent with customary commercial lending practices.
	 	 
	9.	Bankruptcy.
                                            The Tenants in Common agree that the following shall constitute an “Event of
                                            Bankruptcy” with respect to any Tenant in Common (and in any of his successors-in-interests):
                                            if a receiver, liquidator or trustee is appointed for any Tenant in Common, if any Tenant
                                            in Common becomes insolvent, makes an assignment for the benefit of creditors or admits in
                                            writing his inability to pay its debts generally as they become due, if any petition for
                                            bankruptcy, reorganization, liquidation or arrangement pursuant to federal bankruptcy law,
                                            or similar federal or state law shall be filed by or against, consented to, or acquiesced
                                            in by, any Tenant in Common; provided, however, if such appointment, adjudication, petition
                                            or proceeding was involuntary and not consented to by such Tenant in Common then, upon the
                                            same not being discharged, stayed or dismissed within sixty (60) days thereof. To avoid the
                                            inequity of a forced sale and the potential adverse effect on the investment of the other
                                            Tenants in Common, the Tenants in Common agree that, as a condition precedent to entering
                                            into this Agreement, the Tenant in Common causing such Event of Bankruptcy shall follow the
                                            buy-sell procedure set forth in Section 10.
	 	 
	10.	Buy-Sell
                                            Procedure. Subject to the terms of the Mortgage Loan Documents, or

 

(i)
upon a Tenant in Common defaulting its obligations under this Agreement (including, but limited to, for filing a partition), or

 

(ii)
upon the occurrence of an Event of Bankruptcy in accordance with Section 9, or

 

    	5

     

    

 

(iii)
in the event a Tenant in Common sues another Tenant in Common or any guarantor of the Lender’s Loan to the Tenants in Common (each,
an “Event of Default”), the Tenant in Common defaulting under this Agreement, or the subject of the Event of
Bankruptcy, or suing another Tenant in Common or Loan guarantor, (hereinafter, “Seller”) shall first make a
written offer (“Offer”) to sell its undivided Interest to the other Tenant in Common at a price equal to (a)
the Fair Market Value (as defined below) of the Seller’s undivided Interest minus (b) Seller’s proportionate share of any
selling, prepayment or other costs that would apply in the event the Property was sold on the date of the offer. The other Tenant in
Common shall be entitled to purchase the selling Tenant in Common’s undivided Interest in the Property. “Fair Market
Value” shall mean (1) the TIC Percentage represented by the of Seller’s undivided Interest; multiplied by (2) the
fair market value of the Property reduced by liabilities secured by the Property or liabilities taken subject to) on the date the Offer
is made as determined in accordance with the procedures set forth below. The other Tenants in Common shall have twenty (20) days after
delivery of the Offer to accept the Offer. If any of the other Tenants in Common (any Tenant in Common electing to accept the Offer,
being a “Purchaser”) accepts the Offer, Seller and each Purchaser shall commence negotiation of the Fair Market
Value within fifteen (15) days after the Offer is accepted. If the parties do not agree, after good faith negotiations, within ten (10)
days, then each party shall submit to each other a proposal containing the Fair Market Value the submitting party believes to be correct
(each a “Proposal”). If each Purchaser, on the one hand, or Seller, on the other, fails to timely submit a
Proposal, the Proposal that was timely submitted by a Purchaser or by the Seller shall determine the Fair Market Value. If there is more
than one Purchaser that submitted a Proposal, then the Proposal with the largest Fair Market Value shall be the Proposal of both Purchasers.
If no Purchaser and the Seller does not timely submit Proposals, then the Fair Market Value shall be determined by final and binding
arbitration in accordance with the procedures set forth below. Purchasers and Seller shall meet, telephonically or at a mutually agreeable
location, within seven (7) days after delivery of the last Proposal and make a good faith attempt to mutually appoint a certified MAI
real estate appraiser who shall have been active full-time over the previous five (5) years in the appraisal of comparable properties
located in Naples, Florida to act as the arbitrator. If each Purchaser and Seller are unable to agree upon a single arbitrator, then
the real estate appraisers listed in Schedule III, attached hereto, and incorporated herein, shall be retained as the person to determine
the fair value of the Property for use in computed the Fair Market Value of the Interest being sold by the Seller. The cost of the arbitrators
shall be paid equally by Seller and Purchasers pro rata on the basis of their respective TIC Percentages. The arbitration shall be conducted
in San Antonio, Texas, in accordance with applicable Florida law, as modified by this Agreement. The parties agree that Federal Arbitration
Act, Title 9 of the United States Code, shall not apply to any arbitration hereunder. The parties shall have no discovery rights in connection
with the arbitration. The decision of the arbitrator(s) may not be submitted to any court of competent jurisdiction by the party designated
in the decision. BY EXECUTING THIS AGREEMENT, EACH TENANT IN COMMON AGREES TO HAVE ANY DISPUTE ARISING OUT OF THE MATTERS INCLUDED IN
THE ARBITRATION OF DISPUTES PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED BY ILLINOIS LAW AND EACH TENANT IN COMMON KNOWINGLY
GIVES UP ANY RIGHTS IT MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL. BY EXECUTING THIS AGREEMENT EACH TENANT
IN COMMON GIVES UP ITS JUDICIAL RIGHTS TO APPEAL. IF YOU REFUSE TO SUBMIT TO ARBITRATION AFTER AGREEING TO THIS PROVISION, YOU MAY BE
COMPELLED TO ARBITRATE UNDER THE AUTHORITY OF ILLINOIS LAW. EACH TENANT IN COMMON’S AGREEMENT TO THIS ARBITRATION PROVISION IS
VOLUNTARY. Once the Fair Market Value is determined, each Purchaser shall be obligated to acquire the Seller’s Interest, pro rata
on the basis of the TIC Percentages of the Purchasers. For the avoidance of doubt, the closing of the purchase of the Seller’s
Interest shall occur at or through a mutually agreeable title company where the Property is located within ninety days (90) of an Event
of Default, whether by agreement or arbitration. Closing costs and prorations shall be allocated as is standard practice where the Property
is located.

 

    	6

     

    

 

	11.	General
                                            Provisions.

 

11.1
Mutuality; Reciprocity; Runs With the Land. Except as otherwise provided herein all provisions, conditions, covenants, restrictions,
obligations and agreements contained herein are made for the direct, mutual and reciprocal benefit of each and every part of the Property;
shall be binding upon and shall inure to the benefit of each of the Tenants in Common and their respective heirs, executors, administrators,
successors, assigns, devisees, representatives, lessees and all other persons acquiring any undivided Interest in the Property or any
portion thereof whether by operation of law or any manner whatsoever (collectively, “Successors”); shall create
mutual, equitable servitudes and burdens upon the undivided Interest in the Property of each Tenant in Common in favor of the Interest
of every other Tenant in Common; shall create reciprocal rights and obligations between the respective Tenants in Common, their Interests
in the Property, and their Successors; and shall, as to each of the Tenants in Common and their Successors operate as covenants running
with the land, for the benefit of the other Tenants in Common pursuant to applicable law. Except as otherwise provided herein it is expressly
agreed that each covenant contained herein (i) is for the benefit of and is a burden upon the undivided Interests in the Property of
each of the Tenants in Common, (ii) runs with the undivided Interest in the Property of each Tenant in Common and (iii) benefits and
is binding upon each Successor owner during its ownership of any undivided Interest in the Property, and each owner having any interest
therein derived in any manner through any Tenant in Common or Successor. Every person or entity who now or hereafter owns or acquires
any right, title or interest in or to any portion of the Property is and shall be conclusively deemed to have consented and agreed to
every restriction, provision, covenant, right and limitation contained herein, whether or not such person or entity expressly assumes
such obligations or whether or not any reference to this Agreement is contained in the instrument conveying such interest in the Property
to such person or entity. The Tenants in Common agree that, subject to the restrictions on transfer contained herein, any Successor shall
become a party to this Agreement upon acquisition of an undivided Interest in the Property as if such person was a Tenant in Common initially
executing this Agreement.

 

11.2
Beneficiary. The Tenants in Common agree that Lender and any holder of any loan secured by the Property are express beneficiaries
and intended third party beneficiaries of this Agreement and that certain provisions are directly enforceable by Lender and any holder
of any loan secured by the Property.

 

11.3
Mortgage Loan Documents. Notwithstanding anything to the contrary contained in this Agreement, so long as all or any portion of
the Mortgage Loan, or any other loan secured by the Property, remains outstanding, the following shall govern and control:

 

11.3.1
The terms and provisions of this Agreement (including any Tenant in Common’s option to purchase, right of first refusal or first
offer or similar rights) shall be subject and subordinate to the terms and provisions of any and all loan documents, including the Mortgage
Loan Documents, and including any limitations restricting the transfer of the Property.

 

11.3.2
Any disbursement of income to the Tenants in Common will be subject and subordinate to the terms and provisions of any and all loan documents,
including the Mortgage Loan Documents, and to the payment of current debt service and reserves due and owing with respect to any loan
secured by the Property, including the Mortgage Loan, and payment, on a current basis, of the operating expenses of the Property.

 

    	7

     

    

 

11.3.3
The Tenants in Common hereby acknowledge that it would be difficult for Lender to administer the Mortgage Loan if a single party (the
“Notice Owner”) were not designated to give and receive all notices required to be given to or received from
the Tenants in Common under the Mortgage Loan Documents. Therefore, the Tenants in Common designate Clearday as the Notice Owner, and
agree that:

 

(a)
all notices required to be given to the Tenants in Common hereunder shall be given to Notice Owner at the address for the Tenants in
Common in the Mortgage Loan Documents or at such other address of which notice shall have been given to Lender pursuant to the Mortgage
Loan Documents;

 

(b)
except for notices from a Tenant in Common as to a matter personal to such Tenant in Common (i.e., those matters involving such
Tenant in Common and not involving either the Property or any other Tenants in Common), all notices to Lender from the Tenants in Common
shall be given solely by the Notice Owner, and Lender is hereby authorized to act in reliance thereon;

 

(c)
Lender shall be authorized to deal exclusively with Notice Owner with respect to matters involving the obligations of the Tenants in
Common under the Mortgage Loan Documents, without consultation with or notice to any other party comprising the Tenants in Common;

 

(d)
Notice Owner shall have the power and authority to make all decisions in respect of the administration of the Mortgage Loan;

 

(e)
Lender shall not be required to accept notice from any party comprising the Tenants in Common other than the Notice Owner, except for
a notice from all entities comprising the Tenants in Common designating another party comprising the Tenants in Common as the Notice
Owner; and

 

(g)
any change in the Notice Owner shall be subject to the approval of Lender not to be unreasonably withheld, which approval may be conditioned,
in part, upon demonstration to Lender’s satisfaction that such Notice Owner has experience in owning and operating properties comparable
to the Property.

 

11.3.4
The Tenants in Common hereby agree that each Tenant in Common is jointly and severally liable for the Mortgage Loan and all obligations
under the Mortgage Loan Documents.

 

11.3.5
The right of any Tenant in Common to be indemnified by the other Tenant in Common shall be fully subordinated to the terms and provisions
of the Mortgage Loan Documents or any other loan documents relating to the Property.

 

11.3.6
Each Tenant in Common waives any lien rights it may have with respect to the Property or the Interest of the other Tenant in Common.

 

11.3.7
This Agreement may not be amended, terminated or assigned without the prior written consent of Lender. For the avoidance of doubt, a
non-substantive, immaterial amendment shall not require Lender’s prior consent, but the parties shall provide Lender with a copy
of such amendment within five (5) business days of its execution.

 

    	8

     

    

 

11.3.8
Any right of a Tenant in Common under this Agreement to purchase the Interest of the other Tenant in Common is subject and subordinate
to the rights of Lender or any holder of any loan secured by the Property, and each Tenant in Common confirms and agrees that its purchase
or acquisition of the Interest of the other Tenant in Common shall be subject and encumbered by the lien of the Mortgage Loan Documents
and any other loan documents.

 

11.3.9
In the event of any conflict between the terms of this Agreement and the terms of the Mortgage Loan Document, the provisions of the Mortgage
Loan Documents shall control and govern.

 

11.3.10
At no time shall there be more than three (3) Tenants in Common with respect to the Property.

 

11.3.11
For so long as the Mortgage Loan is outstanding, each Tenant in Common shall be a “special purpose bankruptcy remote entity”
and all of the legal and beneficial interest in which is owned by an “Accredited Investor” as defined in Regulation D, as
promulgated under the Securities Act of 1933.

 

11.4
Binding Arbitration. Any controversy arising out of or related to this Agreement or the breach thereof or an investment in the
Interests shall be settled by arbitration in Chicago, Illinois, in accordance with the rules of The American Arbitration Association,
and judgment entered upon the award rendered may be enforced by appropriate judicial action pursuant to Florida law. The arbitration
panel shall consist of one member, which shall be the mediator if mediation has occurred or shall be a person agreed to by each party
to the dispute within 30 days following notice by one party that it desires that a matter be arbitrated. If there was no mediation and
the parties are unable within such 30-day period to agree upon an arbitrator, then the panel shall be one arbitrator selected by the
San Antonio, Texas office of The American Arbitration Association, which arbitrator shall be experienced in the area of real estate and
who shall be knowledgeable with respect to the subject matter area of the dispute. The losing party shall bear any fees and expenses
of the arbitrator, other tribunal fees and expenses, reasonable attorneys’ fees of both parties, any costs of producing witnesses
and any other reasonable costs or expenses incurred by it or the prevailing party or such costs shall be allocated by the arbitrator.
The arbitration panel shall render a decision within thirty (30) days following the close of presentation by the parties of their cases
and any rebuttal. The parties shall agree within thirty (30) days following selection of the arbitrator to any prehearing procedures
or further procedures necessary for the arbitration to proceed, including interrogatories or other discovery; provided, in any event
each Tenant in Common shall be entitled to discovery in accordance with Illinois law.

 

11.5
Attorneys’ Fees. If any action or proceeding is instituted between all or any of the Tenants in Common arising from or related
to or with this Agreement, the Tenant in Common or Tenants in Common prevailing in such action or arbitration shall be entitled to recover
from the other Tenant in Common or Tenants in Common all of its or their costs of action or arbitration, including, without limitation,
reasonable attorneys’ fees and costs as fixed by the court or arbitrator therein.

 

    	9

     

    

 

11.6
Entire Agreement. This Agreement, together with the Property Management Agreement, constitutes the entire agreement between the
parties hereto pertaining to the subject matter hereof and all prior and contemporaneous agreements, representations, negotiations and
understandings of the parties hereto, oral or written, are hereby superseded and merged herein.

 

11.7
Governing Law. This Agreement shall be governed by and construed under the internal laws of the State of Florida without regard
to choice of law rules.

 

11.8
Modification. Except as otherwise provided in Section 11.3.7, no modification, waiver, amendment, discharge or change of
this Agreement shall be valid unless the same is in writing and signed by the party against which the enforcement of such modification,
waiver, amendment, discharge or change is or may be sought. The assumption of a new Tenant in Common of this Agreement through the acquisition
of an undivided Interest in the Property, whether pursuant to the execution of a new Tenants in Common Agreement with identical terms
as this Agreement, the execution of a counterpart of this Agreement or the execution of an assignment and assumption instrument applicable
to this Agreement, shall not constitute a modification of this Agreement requiring the consent to, or execution of, such instrument by
the other Tenants in Common under this Agreement.

 

11.9
Notice and Payments. Any notice to be given or other document or payment to be delivered by any party to any other party hereunder
may be delivered in person, or may be deposited in the United States mail, duly certified or registered, return receipt requested, with
postage prepaid, or by Federal Express or other similar overnight delivery service, and addressed to the Tenants in Common at the addresses
specified in Exhibit B, attached hereto and incorporated herein. Any party hereto may from time to time, by written notice to
the others, designate a different address which shall be substituted for the one above specified. Unless otherwise specifically provided
for herein, all notices, payments, demands or other communications given hereunder shall be in writing and shall be deemed to have been
duly given and received (i) upon personal delivery, or (ii) as of the third business day after mailing by United States registered or
certified mail, return receipt requested, postage prepaid, addressed as set forth above, or (iii) the immediately succeeding business
day after deposit with Federal Express or other similar overnight delivery system.

 

11.10
Successors and Assigns. All provisions of this Agreement shall inure to the benefit of and shall be binding upon the successors-in-interest,
assigns and legal representatives of the parties hereto.

 

11.11
Term. This Agreement shall commence as of the date of recordation and shall terminate at such time as the Tenants in Common or
their successors-in-interest or assigns no longer own the Property as tenants-in-common.

 

11.12
Waivers. No act of any Tenant in Common shall be construed to be a waiver of any provision of this Agreement, unless such waiver
is in writing and signed by the Tenant in Common affected. Any Tenant in Common hereto may specifically waive any breach of this Agreement
by any other Tenant in Common, but no such waiver shall constitute a continuing waiver of similar or other breaches.

 

11.13
Counterparts. This Agreement may be executed in counterparts, each of which, when taken together, shall be deemed one fully executed
original.

 

11.14
Severability. If any portion of this Agreement shall become illegal, null or void or against public policy, for any reason, or
shall be held by any court of competent jurisdiction to be illegal, null or void or against public policy, the remaining portions of
this Agreement shall not be affected thereby and shall remain in full force and effect to the fullest extent permissible by law.

 

    	10

     

    

 

11.15
Time is of the Essence. Time is of the essence of each and every provision of this Agreement.

 

11.16
Representations and Warranties. Each Tenant in Common represents and warrants that all state and federal securities laws and regulations
have been and will be complied with in connection with the solicitation, offering and sale of Tenant in Common interests. Each Tenant
in Common further represents and acknowledges that the Property is “single asset real estate” as defined in 11 U.S.C. §101(51B)
and pursuant to 11 U.S.C. §362(d)(3).

 

11.17
Memorandum. The Tenants in Common acknowledge and agree that they will execute and record the Memorandum of Tenants in Common
Agreement in the land records of Collier County, Florida, in the form of Exhibit C attached hereto, in lieu of the recordation
of this Tenants in Common Agreement.

 

[The
remainder of this page intentionally left blank. Signature page follows.]

 

    	11

     

    

 

IN
WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date set forth above.

 

	 	TENANTS IN COMMON:  
	 	 	 
	 	MCA Naples, LLC  
	 	A Tennessee Limited Liability Company  
	 	 	 
	 	By:  	 
	 	Name:	James T. Walesa
	 	Title:	CEO

 

	 	D&M Carpenter Enterprises, Ltd., a
    Texas limited partnership
	 	 	 
	 	By:	D&M Carpenter Management, Inc.,
	 	 	a Texas corporation
	 	 	Its general partner
	 	 	 
	 	By:	 
	 	Name:	Donald R. Carpenter, Jr.,
	 	Title:	President

 

	 	Darrell K. Buckley and Beth Buckley,
    JTWROS
	 	 
	 	 
	 	Darrell K. Buckley  
	 	 
	 	 
	 	Beth Buckley   

 

[SIGNATURE PAGE TO TENANTS IN COMMON AGREEMENT]

 

    	 

     

    

 

EXHIBITS

 

	Exhibit
    “A”	 	Description
    of the Property
	 	 	 
	Exhibit
    “B”	 	Tenants
    in Common and Percentage Interests
	 	 	 
	Exhibit
    “C”	 	Memorandum
    of Tenants in Common Agreement

 

SCHEDULES

 

	I	TIC
    Percentage of each Tenant in Common as of the date of this Agreement
	II	Mortgage
Loan Description and Identification of the Lender
	III	Real
estate appraisers to be used to determine the fair market value of the Property

 

    	 

     

    

 

EXHIBIT
“A”

 Description
of Property

 

LEGAL
DESCRIPTION OF PROJECT

PARCEL
1:

 

A
FEE INTEREST IN A PORTION OF LOTS 13, 14, AND 15, NAPLES IMPROVEMENT CO’S LITTLE FARMS, MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 

FROM
THE SOUTHWEST CORNER OF LOT 12, NAPLES IMPROVEMENT CO’S LITTLE FARMS, AS RECORDED IN PLAT BOOK 2, PAGE 2, PUBLIC RECORDS OF COLLIER
COUNTY, FLORIDA, RUN N. 89 DEGREES 26’ 51” E., ALONG THE SOUTH LINE OF SAID LOT 12, FOR 20.00 FEET TO A POINT ON THE EAST
RIGHT OF WAY LINE OF GOODLETTE-FRANK ROAD; THENCE RUN N. 00 DEGREES 39’ 49” W., PARALLEL WITH THE WEST LINE OF SAID LOT 12
FOR 10,00 FEET ALONG SAID EAST LINE OF GOODLETTE-FRANK ROAD; THENCE RUN N. 00 DEGREES 39’ 49” W., FOR 580.00 FEET ALONG SAID
EAST LINE OF GOODLETTE-FRANK ROAD TO THE POINT OF BEGINNING OF THE TRACT HEREIN DESCRIBED; THENCE CONTINUE N. 00 DEGREES 39’ 49”
W., FOR 420.00 FEET ALONG SAID EAST LINE OF GOODLETTE-FRANK ROAD; THENCE RUN N. 89 DEGREES 20’ 11” E., FOR 196.54 FEET; THENCE
RUN S. 30 DEGREES 28’ 42” E., FOR 396.02 FEET; THENCE RUN S. 59 DEGREES 31’ 18” W., FOR 153.66 FEET; THENCE RUN
S. 89 DEGREES 20’ 11” W. FOR 260.12 FEET TO THE POINT OF BEGINNING.

 

PARCEL
2:

 

AN
EASEMENT INTEREST IN A PARCEL OF LAND LYING IN AND BEING PARTS OF LOTS 12 AND 13, NAPLES IMPROVEMENT CO’S LITTLE FARMS, AS RECORDED
IN PLAT BOOK 2, PAGE 2, OF THE PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA, BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS:

 

COMMENCING
AT THE SOUTHWEST CORNER OF LOT 12, NAPLES IMPROVEMENT CO’S LITTLE FARMS, AS RECORDED IN PLAT BOOK 2, PAGE 2, OF THE PUBLIC
RECORDS OF COLLIER COUNTY, FLORIDA; THENCE RUN ALONG THE SOUTH LINE OF SAID LOT 12, NORTH 89 DEGREES 26’ 51” EAST, 20.00
FEET; THENCE ALONG A LINE LYING 20.00 FEET EAST OF AND PARALLEL WITH THE WEST LINE OF LOTS 12 AND 13 OF SAID NAPLES IMPROVEMENTS
CO’S LITTLE FARMS, NORTH 00 DEGREES 39’ 49” WEST, 10.00 FEET TO THE POINT OF BEGINNING OF THE HEREIN DESCRIBED
PARCEL OF LAND; THENCE CONTINUE NORTH 00 DEGREES 39’ 49” WEST, 580.00 FEET;

 

THENCE NORTH 89
DEGREES 20’ 11” EAST, 55.00 FEET; THENCE SOUTH 00 DEGREES 39’

 

49” EAST 580.00 FEET; THENCE SOUTH 89 DEGREES
20’ 11” WEST FOR 55.00 FEET TO THE POINT OF BEGINNING.

 

(BEARINGS
ARE BASED ON THE WEST LINE OF LOT 12, NAPLES IMPROVEMENT CO’S LITTLE FARMS AS BEING NORTH 00 DEGREES 39’ 49” WEST.)

 

PARCEL
3:

 

TOGETHER
WITH EASEMENT AS SET FORTH IN DRAINAGE EASEMENT RECORDED IN OFFICIAL RECORDS BOOK 2213, PAGE 1291, OF THE PUBLIC RECORDS OF COLLIER COUNTY,
FLORIDA.

 

Parcel
Identification Number: 61941600100

 

    	 

    	 

    

 

EXHIBIT
“B”

 

Tenants
in Common and Percentage Interests

 

Maintained
in the books and records of the Property Manager

 

	Tenants
    in Common	 	Percentage
    Interest
	 	 	 
	MCA
    Naples, LLC

     

    8800
    Village Drive

    Suite
    106

    San
    Antonio, Texas 78217
	 	%
	 	 	 
	D&M
    Carpenter Enterprises, LTD.

     

    [address
    provided to each other Tenant in Common]
	 	%
	 

    Darrell
    K. Buckley and Beth Buckley, JTWROS

     

    [address
    provided to each other Tenant in Common]
	 	%

 

    	 

     

    

 

EXHIBIT
“C”

FORM
OF MEMORANDUM OF TENANTS IN COMMON AGREEMENT

 

	RECORDING
    REQUESTED BY	)
	 	)
	[●]	))
	[●]	)
	[●]	)
	Attention:
    [●]	)
		

                                                                                 

	 	Above
    Space for Recorder’s Use

 

MEMORANDUM
OF TENANTS IN COMMON AGREEMENT

 

THIS
MEMORANDUM OF TENANTS IN COMMON AGREEMENT (the “Memorandum”) is dated as of _______________________, ____ , by and between

 

(1)
MCA Naples, LLC, a Tennessee limited liability company (“Clearday”), and

 

(2)
D&M Carpenter Enterprises, LTD., a Texas limited partnership (“Carpenter”), and

 

(3)
Darrell K. Buckley and Beth Buckley, JTWROS (“Buckley” and, together Carpenter and Clearday and with any other persons
or parties who acquire an interest and assume the rights and obligations hereunder by written instrument, each sometimes referred to
as a “Tenant in Common” or collectively as the “Tenants in Common”)

 

A.
The Tenants in Common have entered into that certain Tenants in Common Agreement dated of even date hereof (the “TIC Agreement”),
pertaining to certain real property more particularly described on Exhibit A attached hereto (the “Property”).

 

		B.	The
                                            Tenants in Common have previously obtained or assumed a loan in the original principal amount
                                            of

$_________________
from ___________________, for the financing of the Property (“Loan”) and, in connection therewith, entering into various
documents evidencing and securing the Loan (the “Loan Documents”), including but not limited to the mortgage recorded as
a lien against the Property (the “Security Instrument”).

 

C.
This Memorandum is made and entered into solely for the purpose of providing notice of the TIC Agreement to all third parties.

 

NOW,
THEREFORE, for valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Tenants in Common hereby declare
and agree:

 

1.
The Tenants in Common hereby created a tenancy-in-common in order to coordinate all actions taken with respect to the Property pursuant
to the terms and provisions of the TIC Agreement. The TIC Agreement is hereby incorporated by this reference as if set forth herein in
full.

 

2.
The Tenants in Common have subordinated and hereby expressly subordinate the TIC Agreement to the Loan Documents, including the lien
established pursuant to the Security Instrument.

 

3.
All communications with the Tenants in Common under this Agreement, including any inquiries regarding the specific terms of the TIC Agreement,
should be addressed to MCA Naples, LLC, 8800 Village Drive, Suite 106, San Antonio, Texas 78217, Attn: CEO .

 

4.
To the extent of any inconsistency between the terms of the TIC Agreement and this Memorandum, the terms of the TIC Agreement shall prevail
and control.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK.

 

SIGNATURES
APPEAR ON THE FOLLOWING PAGES.]

 

    	[EXHIBIT C]

    	 

    

 

IN
WITNESS WHEREOF, the parties have executed this Memorandum as of the date set forth above.

 

	TENANTS IN COMMON:  	 
	 	 
	MCA Naples, LLC  	 
	A Tennessee Limited Liability Company  	 
	 	 	 
	By:  	 	 
	Name:	James T. Walesa	 
	Title:	CEO	 

 

	D&M Carpenter Enterprises, Ltd., a
    Texas limited partnership  	 
	 	 	 
	By:  	D&M Carpenter Management, Inc., a Texas corporation	 
	 	Its general partner	 
	 	 	 
	By:	 	 
	Name:	Donald R. Carpenter, Jr.,	 
	Title:	President	 

 

	Darrell K. Buckley and Beth Buckley,
    JTWROS  	 
	 	 
	 	 
	Darrell K. Buckley	 
	 	 
	 	 
	Beth Buckley	 

 

    	[EXHIBIT C]

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