Document:

Exhibit

Exhibit 10.123

SECOND AMENDMENT TO ASSET PURCHASE AGREEMENT
THIS SECOND AMENDMENT TO ASSET PURCHASE AGREEMENT (this “Second Amendment”) is made effective as of the 30th day of September, 2015 (the “Effective Date”), notwithstanding the actual date of execution, by and between RIVERCHASE VILLAGE ADK, LLC, a Georgia limited liability company (“Seller”) and OMEGA COMMUNITIES, LLC, a Florida limited liability company (“Purchaser”).
RECITALS
WHEREAS, Seller and Purchaser previously entered into that certain Asset Purchase Agreement dated June 11, 2015, as amended by that certain First Amendment thereto dated August 6, 2015 (the “First Amendment”), for the sale and purchase of the real property described therein (as amended by the First Amendment, the “Agreement”); and
WHEREAS, Seller and Purchaser acknowledge that it is in their mutual interest to enter into this Amendment to make certain changes to the Agreement as set forth below.
AGREEMENT
NOW, THEREFORE, in consideration of the foregoing recitals, the mutual covenants and conditions hereinafter contained, and other good and valuable consideration, the receipt of sufficiency of which are hereby acknowledged, the undersigned Seller and Purchaser do hereby covenant, declare, acknowledge and agree as follows:
1.All defined terms and words set forth in this Second Amendment shall have the same meaning and definitions as set forth in the Agreement unless specifically provided otherwise in this Second Amendment.

2.(a)    Purchaser previously deposited the Initial Deposit (as such term is defined in the Agreement) with the Title Company in the amount of $100,000.00, which such Initial Deposit was released to Seller upon execution of the First Amendment.  Seller hereby acknowledges receipt of the Initial Deposit. As of the date hereof, Buyer has not deposited any additional earnest money.  The Initial Deposit shall be held and disbursed in accordance with the First Amendment.

(b)    Upon execution of this Second Amendment, Purchaser shall deliver to the Title Company additional earnest money in the amount of Two Hundred Thousand and 00/100 Dollars ($200,000.00) (the “Additional Earnest Money Deposit”) pursuant to wire transfer instructions to be provided by the Title Company.  The Initial Deposit and the Additional Earnest Money Deposit shall collectively constitute the “Earnest Money Deposit” described in the Agreement.  Simultaneous with the execution of this Second Amendment, Purchaser, Seller, the Title Company and Sage Management, LLC (“Sage”) shall enter into that certain Escrow Agreement (the “Escrow Agreement”) with respect to certain management fees that Sage asserts are owed to it by Seller.  In the event that the purchase of the Transferred Assets closes in accordance with the terms of the Agreement, the Title Company shall hold and disburse the Additional Deposit as 

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“Escrow Funds” in accordance with the terms and conditions of the Escrow Agreement.  In the event that the purchase of the Transferred Assets does not close on or before the Closing Date, the Title Company shall hold and disburse the Additional Earnest Money Deposit as “Earnest Money Deposit” in accordance with the terms and conditions of the Agreement.  The parties agree that if the purchase of the Transferred Assets closes and the Additional Earnest Money Deposit is disbursed in accordance with the Escrow Agreement, Purchaser shall receive a credit at Closing in the amount of the Additional Earnest Money Deposit.

3.     Section 12.1(a) is hereby deleted in its entirety and replaced with the following:
“12.1(a) The Closing hereunder shall take place through an escrow closing by release of documents and funds held in escrow by the Title Company on a mutually agreeable date that is on or before November 30, 2015.”
4.In the event of a conflict between the terms and provisions of this Second Amendment and terms and provisions of the Agreement, the terms and provisions of this Second Amendment shall prevail. Except as set forth herein, the terms and provisions of the Agreement shall remain in full force and effect.

5.This Second Amendment may be executed in counterparts and by facsimile by the parties hereto and each shall be considered an original insofar as the parties hereto are concerned, and together said counterparts shall comprise one single document.

[Signatures on Following Page]

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IN WITNESS WHEREOF, the undersigned parties have executed this Second Amendment on the dates set forth immediately beneath their respective signatures, but effective as of the date first above written.

SELLER:

RIVERCHASE VILLAGE ADK, LLC,
a Georgia limited liability company

                            
By:    /s/ Christopher F. Brogdon
Name:    Christopher F. Brogdon
Title:    Manager

PURCHASER: 

OMEGA COMMUNITIES, LLC,
a Florida limited liability company

                            
By:    /s/ Patrick L. Trammell
Name:    Patrick L. Trammell
Title:    CEO

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Exhibit 10.124

SECOND AMENDMENT TO LEASE AGREEMENT

THIS SECOND AMENDMENT TO LEASE AGREEMENT (the “Amendment”) is made and entered into as of the 14th day of September, 2015, by and between COOSA NURSING ADK, LLC, a Georgia limited liability company (“Landlord”) and C.R. OF COOSA VALLEY, LLC, a Georgia limited liability company (“Tenant”).  

W I T N E S S E T H:

WHEREAS, Landlord and Tenant have entered into that certain Lease Agreement dated as of September 22, 2014 as amended by that certain First Amendment to Lease Agreement dated as of November 21, 2014 for that certain skilled nursing facility located at 513 Pine View Avenue, Glencoe, Alabama 35905 (as amended, the “Lease”); and

WHEREAS, Landlord and Tenant desire to amend the Lease as hereinafter set forth.
    
NOW, THEREFORE, for and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, paid by each party to the other, the receipt and sufficiency of which are hereby acknowledged, and the mutual covenants and benefits flowing between the parties, Landlord and Tenant, intending to be legally bound, do hereby covenant and agree as follows:

1.Capitalized Terms.  Unless otherwise defined herein, all capitalized words and phrases used herein shall have the same meanings ascribed to them in the Lease.

2.Term.  Section 1 of the Lease is hereby deleted in its entirety and the following substituted in lieu thereof: 

1.    Term.  The “Term” of this Lease is fifteen (15) years beginning on September 1, 2015 and ending on August 31, 2030. A “Lease Year” is the twelve (12) month period beginning on September 1, 2015 and each anniversary thereof during each year of the Term.  For purposes hereof, “Termination Date” shall mean the last day of the Term or the earlier date on which this Lease may be terminated as provided herein.    
3.Rent.  Sections 2.1 and 2.2 of the Lease are hereby deleted in their entirety and the following substituted in lieu thereof: 

2.    Rent.  During the Term, Tenant shall pay in advance to Landlord on or before the first day of each month the following amounts as Rent: 
2.1    First Lease Year.  Commencing with the Rent due on September 1, 2015, Rent shall be equal to Seventy-six Thousand and 00/100 Dollars ($76,000.00) per month through the end of the first Lease Year. 

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2.2    Subsequent Lease Years.  During the Lease Years two (2) through five (5), Rent shall increase each Lease Year by two percent (2%) over Rent paid during the immediately preceding Lease Year.  Commencing with the sixth (6th) Lease Year and during each subsequent Lease Year through the end of the Term, Rent shall increase each Lease Year by two and one-half percent (2.5%) over Rent paid during the immediately preceding Lease Year. 

4.Agreement in Effect.  Except as herein specifically provided, all other terms and provisions of the Lease shall remain in full force and effect, and are hereby ratified and reaffirmed by the parties.

[Signatures on Following Page]

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.

LANDLORD:

COOSA NURSING ADK, LLC,
a Georgia limited liability company 

 
By:    /s/ William McBride
Name:    William McBride
Title:    Manager

TENANT:

C.R. OF COOSA VALLEY, LLC,
a Georgia limited liability company  

By:    /s/ Michael E. Winget, Sr.
Name:    Michael E. Winget, Sr.
Title:    Manager
 

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Exhibit 10.125

SECOND AMENDMENT TO LEASE AGREEMENT

THIS SECOND AMENDMENT TO LEASE AGREEMENT (the “Amendment”) is made and entered into as of the 14th day of September, 2015, by and between ATTALLA NURSING ADK, LLC, a Georgia limited liability company (“Landlord”) and C.R. OF ATTALLA, LLC, a Georgia limited liability company (“Tenant”).  

W I T N E S S E T H:

WHEREAS, Landlord and Tenant have entered into that certain Lease Agreement dated as of September 22, 2014 as amended by that certain First Amendment to Lease Agreement dated as of November 21, 2014 for that certain skilled nursing facility located at 915 Stewart Avenue, Attalla, Alabama 35954 (as amended, the “Lease”); and

WHEREAS, Landlord and Tenant desire to amend the Lease as hereinafter set forth.
    
NOW, THEREFORE, for and in consideration of the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration, paid by each party to the other, the receipt and sufficiency of which are hereby acknowledged, and the mutual covenants and benefits flowing between the parties, Landlord and Tenant, intending to be legally bound, do hereby covenant and agree as follows:

1.Capitalized Terms.  Unless otherwise defined herein, all capitalized words and phrases used herein shall have the same meanings ascribed to them in the Lease.

2.Term.  Section 1 of the Lease is hereby deleted in its entirety and the following substituted in lieu thereof: 

1.    Term.  The “Term” of this Lease is fifteen (15) years beginning on September 1, 2015 and ending on August 31, 2030. A “Lease Year” is the twelve (12) month period beginning on September 1, 2015 and each anniversary thereof during each year of the Term.  For purposes hereof, “Termination Date” shall mean the last day of the Term or the earlier date on which this Lease may be terminated as provided herein.    
3.Rent.  Sections 2.1 and 2.2 of the Lease are hereby deleted in their entirety and the following substituted in lieu thereof: 

2.    Rent.  During the Term, Tenant shall pay in advance to Landlord on or before the first day of each month the following amounts as Rent: 
2.1    First Lease Year.  Commencing with the Rent due on September 1, 2015, Rent shall be equal to Ninety-one Thousand and 00/100 Dollars ($91,000.00) per month through the end of the first Lease Year. 

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2.2    Subsequent Lease Years.  During the Lease Years two (2) through five (5), Rent shall increase each Lease Year by two percent (2%) over Rent paid during the immediately preceding Lease Year.  Commencing with the sixth (6th) Lease Year and during each subsequent Lease Year through the end of the Term, Rent shall increase each Lease Year by two and one-half percent (2.5%) over Rent paid during the immediately preceding Lease Year. 

4.Agreement in Effect.  Except as herein specifically provided, all other terms and provisions of the Lease shall remain in full force and effect, and are hereby ratified and reaffirmed by the parties.

[Signatures on Following Page]

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IN WITNESS WHEREOF, the undersigned have executed this Amendment as of the date first above written.

LANDLORD:

ATTALLA NURSING ADK, LLC,
a Georgia limited liability company 

 
By:    /s/ William McBride
Name:    William McBride
Title:    Manager

TENANT:

C.R. OF ATTALLA, LLC,
a Georgia limited liability company  

By:    /s/ Michael E. Winget, Sr.
Name:    Michael E. Winget, Sr.
Title:    Manager
 

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