Document:

Unassociated Document

    
      
        Exhibit
10.2

         

      

    

    
      FIRST AMENDMENT
TO

      PURCHASE AND SALE
AGREEMENT

       

      THIS FIRST AMENDMENT TO PURCHASE AND
SALE AGREEMENT (this “First Amendment”) is made by and between GR IRF I, LP, a
Texas limited partnership (“Seller”), and GLOBAL REHAB DALLAS, LP, a Delaware
limited partnership (“Buyer”).  Terms appearing herein with the first
letter thereof capitalized and which are not otherwise defined shall have the
respective meanings set forth in the Contract.

      

      R E C I T A L
S:

      

      A.      
WHEREAS,
Seller and Buyer entered into that certain Purchase and Sale Agreement, dated
effective as of July 19, 2010 (the “Contract”), for the purchase and sale of
real property and certain improvements thereon located at 1340 Empire Central
Drive, Dallas, Dallas County, Texas (the “Property”);

      

      B.      
WHEREAS,
Seller and Buyer desire to amend the Contract, all as more particularly set
forth herein.

      

      A G R E E M E N T
S:

      

      NOW,
THEREFORE, for Ten Dollars ($10.00) and other good and valuable consideration,
receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:

      

      1.      
Section
3.6 of the Contract is hereby amended to clarify that Buyer’s right to terminate
the Contract pursuant to the terms set forth in Section 3.6(c), and to receive a
return of the Earnest Money Deposit upon such termination, shall be effective
notwithstanding the fact that the Due Diligence Period may have expired prior to
the deadline for Buyer to send its Title Notice or, if applicable, to elect an
option under 3.6(c)(i)-(iii).

      

      2.      
Section
3.6(b) of the Contract is hereby amended to extend Buyer’s deadline to send its
Title Notice until July 19, 2010.

      

      3.      
Except as
expressly modified herein, all of the terms and conditions of the Contract shall
remain in full force and effect.

      

      4.      
This
First Amendment may be executed in multiple counterparts, each of which shall be
deemed an original but all of which, together, shall constitute one and the same
instrument.

      

      [SIGNATURES
ON FOLLOWING PAGE ]

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
WITNESS WHEREOF, Seller and Buyer have executed this First Amendment as of the
19th day of July, 2010.

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  	 
      	
                                                          SELLER:

                                                        
	 
      	 
      	 
      	 
      	 
      
	 
      	
                                                          GR
      IRF I, LP,

                                                        
	 
      	
                                                          a
      Texas limited partnership

                                                        
	 
      	 
      	 
      	 
      	 
      
	 
      	
                                                          By:

                                                        	
                                                          GR
      IRF Managers, LLC,

                                                        
	 
      	 
      	
                                                          a
      Texas limited liability company,

                                                        
	 
      	 
      	
                                                          its
      General Partner

                                                        
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                                                          By:

                                                        	
                                                          /s/ Jason K. Dodd

                                                        	 
      
	 
      	 
      	 
      	
                                                          Jason
      K. Dodd,
Manager

                                                        

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      	 
      	
                                                                                              BUYER:

                                                                                            
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	
                                                                                              GLOBAL
      REHAB DALLAS, LP,

                                                                                            
	 
      	
                                                                                              a
      Delaware limited partnership

                                                                                            
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	
                                                                                              By:

                                                                                            	
                                                                                              Global
      Rehab Dallas GP, LLC, sole

                                                                                            
	 
      	 
      	
                                                                                              general
      partner

                                                                                            
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                                                                                              By:

                                                                                            	
                                                                                              CGI
      Healthcare Operating Partnership, LP,

                                                                                            
	 
      	 
      	 
      	
                                                                                              sole
      member

                                                                                            
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                                                                                              By:

                                                                                            	
                                                                                              Cornerstone
      Healthcare Plus

                                                                                            
	 
      	 
      	 
      	 
      	
                                                                                              REIT,
      Inc., sole general partner

                                                                                            
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	
                                                                                              By:

                                                                                            	
                                                                                              /s/ Terry G. Roussel

                                                                                            	 
      
	 
      	 
      	 
      	 
      	 
      	
                                                                                              Terry
      G. Roussel

                                                                                            
	 
      	 
      	 
      	 
      	 
      	
                                                                                              President
      and CEO

                                                                                            

                                                                                    

                                                                                     

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        -2-Unassociated Document

    
      
        Exhibit
10.3

         

      

    

    
      SECOND AMENDMENT
TO

      PURCHASE AND SALE
AGREEMENT

       

      THIS SECOND AMENDMENT TO PURCHASE AND
SALE AGREEMENT (this “First Amendment”) is made by and between GR IRF I, LP, a
Texas limited partnership (“Seller”), and GLOBAL REHAB DALLAS, LP, a Delaware
limited partnership (“Buyer”).  Terms appearing herein with the first
letter thereof capitalized and which are not otherwise defined shall have the
respective meanings set forth in the Contract.

      

      R E C I T A L
S:

      

      A.           WHEREAS,
Seller and Buyer entered into that certain Purchase and Sale Agreement, dated
effective as of July 14, 2010, amended by that certain First Amendment to
Purchase and Sale Agreement dated July 19, 2010 (the “Contract”), for the
purchase and sale of real property and certain improvements thereon located at
1340 Empire Central Drive, Dallas, Dallas County, Texas (the
“Property”);

      

      B.           WHEREAS,
Seller and Buyer desire to amend the Contract, all as more particularly set
forth herein.

      

      A G R E E M E N T
S:

      

      NOW,
THEREFORE, for Ten Dollars ($10.00) and other good and valuable consideration,
receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:

      

      1.           The
Contract is hereby amended to provide that Section 9.2(i) shall survive Closing
for one (1) year.

      

      2.           Except
as expressly modified herein, all of the terms and conditions of the Contract
shall remain in full force and effect.

      

      3.           This
Second Amendment may be executed in multiple counterparts, each of which shall
be deemed an original but all of which, together, shall constitute one and the
same instrument.

      

      [SIGNATURES
ON FOLLOWING PAGE ]

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      IN
WITNESS WHEREOF, Seller and Buyer have executed this Second Amendment as of the
17th day of August, 2010.

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  	 
      	
                                                          SELLER:

                                                        
	 
      	 
      	 
      	 
      	 
      
	 
      	
                                                          GR
      IRF I, LP,

                                                        
	 
      	
                                                          a
      Texas limited partnership

                                                        
	 
      	 
      	 
      	 
      	 
      
	 
      	
                                                          By:

                                                        	
                                                          GR
      IRF Managers, LLC,

                                                        
	 
      	 
      	
                                                          a
      Texas limited liability company,

                                                        
	 
      	 
      	
                                                          its
      General Partner

                                                        
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                                                          By:

                                                        	
                                                          /s/ Jason K. Dodd

                                                        	 
      
	 
      	 
      	 
      	
                                                          Jason
      K. Dodd,
Manager

                                                        

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            	 
      	
                                                                                                    BUYER:

                                                                                                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	
                                                                                                    GLOBAL
      REHAB DALLAS, LP,

                                                                                                  
	 
      	
                                                                                                    a
      Delaware limited partnership

                                                                                                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	
                                                                                                    By:

                                                                                                  	
                                                                                                    Global
      Rehab Dallas GP, LLC, sole

                                                                                                  
	 
      	 
      	
                                                                                                    general
      partner

                                                                                                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                                                                                                    By:

                                                                                                  	
                                                                                                    CGI
      Healthcare Operating Partnership, LP,

                                                                                                  
	 
      	 
      	 
      	
                                                                                                    sole
      member

                                                                                                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                                                                                                    By:

                                                                                                  	
                                                                                                    Cornerstone
      Healthcare Plus

                                                                                                  
	 
      	 
      	 
      	 
      	
                                                                                                    REIT,
      Inc., sole general partner

                                                                                                  
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	 
      	
                                                                                                    By:

                                                                                                  	
                                                                                                    /s/ Terry G. Roussel

                                                                                                  	 
      
	 
      	 
      	 
      	 
      	 
      	
                                                                                                    Terry
      G. Roussel

                                                                                                  
	 
      	 
      	 
      	 
      	 
      	
                                                                                                    President
      and
CEO

                                                                                                  

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

    

    
      
         

      

      
        -2-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00177-of-00352.parquet"}]]