Document:

EXHIBIT
10.2

 

	
   

  	
  1145 19th Street, NW

  
	
   

  	
  Washington,
  DC

  

 

SECOND
AMENDMENT TO PURCHASE AGREEMENT

 

THIS SECOND
AMENDMENT TO PURCHASE AGREEMENT (this “Amendment”) is made as
of May 20,  2009
by and between HUB PROPERTIES TRUST,
a Maryland real estate investment trust (the “Seller”), and SENIOR HOUSING PROPERTIES TRUST, a Maryland
real estate investment trust (the “Purchaser”).

 

W I T N E S S E T H

 

WHEREAS, the Seller
and the Purchaser executed a Purchase and Sale Agreement dated as of May 5,
2008, as amended by that certain First Amendment to Purchase Agreement, dated December 23,
2008 (as amended, the “Purchase Agreement”), with respect to the
Property (this and other capitalized terms used and not otherwise defined
herein shall have the meanings given such terms in the Purchase Agreement)
described in Exhibit A hereto; and

 

WHEREAS, the Seller
and the Purchaser now wish to amend the Purchase Agreement subject to and upon
the terms and conditions set forth herein;

 

NOW, THEREFORE, for good and
valuable consideration and in consideration of the mutual covenants of the
parties hereto, the mutual receipt and legal sufficiency of which is hereby
acknowledged, Landlord and Tenant hereby agree as follows:

 

1.                                       Section 2.2 is hereby
deleted in its entirety and the following is inserted in substitution therefor:

 

2.2           Closing.  The purchase and sale of the Property shall
be consummated at a closing (the “Closing”) to be held at the offices of
Sullivan & Worcester LLP, One Post Office Square, Boston,
Massachusetts, or at such other location as the Seller and the Purchaser may
agree, at 10:00 a.m., local time, on May 20, 2009 (the “Closing Date”).

 

2.                                       As amended
hereby, the Agreement is in full force and effect and is hereby ratified and
confirmed.

 

3.                                       This Amendment may be executed in a number of identical counterparts.  If so executed, each counterpart is to be
deemed an original for all purposes, and all such counterparts shall,
collectively, constitute one agreement. 
Such executed 

 

 

counterparts may be delivered by facsimile or by e-mail
(in .pdf format) and any such counterparts so delivered shall be deemed
original documents for all purposes.

 

4.             The
Declaration of Trust of the Seller, a copy of which is duly filed with the
Department of Assessments and Taxation of the State of Maryland, provides that
the name “Hub Properties Trust” refers to the trustees under such Declaration
of Trust collectively as trustees, but not individually or personally, and that
no trustee, officer, shareholder, employee or agent of the Seller shall be held
to any personal liability, jointly or severally, for any obligation of, or
claim against, the Seller.  All persons
dealing with the Seller in any way shall look only to the assets of the Seller
for the payment of any sum or the performance of any obligation.

 

5.             The
Declaration of Trust of the Purchaser, a copy of which is duly filed with the
Department of Assessments and Taxation of the State of Maryland, provides that
the name “Senior Housing Properties Trust” refers to the trustees under such
Declaration of Trust collectively as trustees, but not individually or
personally, and that no trustee, officer, shareholder, employee or agent of the
Purchaser shall be held to any personal liability, jointly or severally, for
any obligation of, or claim against, the Purchaser.  All persons dealing with the Purchaser in any
way shall look only to the assets of the Purchaser for the payment of any sum
or the performance of any obligation.

 

[Signature page follows.]

 

 

IN WITNESS
WHEREOF, the Seller and the Purchaser have executed this Amendment under seal
as of the date above first written.

 

	
  WITNESS:

  	
   

  	
  SELLER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  HUB PROPERTIES TRUST, a Maryland real estate
  investment trust

  
	
  /s/
  Diane Bastianelli

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  John C. Popeo

  
	
   

  	
   

  	
   

  	
  John
  C. Popeo,Treasurer and Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
  WITNESS:

  	
   

  	
  PURCHASER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  SENIOR HOUSING PROPERTIES TRUST

  
	
   

  	
   

  	
   

  
	
  /s/
  Diane Bastianelli

  	
   

  	
  By:

  	
  /s/
  David J. Hegarty

  
	
   

  	
   

  	
   

  	
  David
  J. Hegarty, President

  

 

 

EXHIBIT A

 

Address of Property

 

1145 19th Street, N.W., Washington, D.C.Converted by EDGARwiz

		
	Boyer Separation Release

	Exhibit 10.1

PECO II, Inc. 

RELEASE AND WAIVER AGREEMENT

CONCERNING MY SEPARATION FROM EMPLOYMENT

1.

I, Jacquie L. Boyer, who resides at 10815 Jackson Drive, Eden Prairie, MN  55347 have agreed to accept a Separation Benefit, upon my separation from employment with PECO II, Inc. (the Company).

2.

I understand that, upon my signature, and that of a representative of the Company, this Agreement between the Company and me will govern the terms of my separation.  I understand that my employment will end effective June 30, 2009.

3.

I acknowledge that I have received all salary earned and accrued through the effective date of my separation.

4.

I understand that the Company is providing the Separation Benefit as a special benefit to me, in return for this Agreement.  I understand that the Separation Benefit is over and above what I would normally receive upon separation.  I will also be paid for unused earned vacation pay for calendar year 2009.

5.

I understand that the Separation Benefit provided under this Agreement shall be $66,795.

6.

I understand that my receipt of the Separation Benefit in no way affects any right I may have to receive continued medical coverage under COBRA (the Consolidated Omnibus Budget Reconciliation Act).  I further understand that the complete terms of my release and waiver agreement, and all the terms of my separation are contained in this single Agreement.  I am relying on no information or representation concerning my separation, other than the terms set out in this Agreement.

7.

I understand that under this Agreement the final date for exercising my stock options shall be December 31 2009.

8.

I understand that under this Agreement the Company shall give consideration to utilizing me as a consultant for Sales Force tasks that can benefit from my capabilities through August 31, 2009.

The payment for services will be $5,000 for July 2009 and $5,000 for August, 2009.  

9.

In consideration of the Separation Benefit, I waive and release any right that I may have to bring any claim, to litigate, or seek settlement, damages or liabilities regarding; (1) my employment with the Company or any other entity affiliated with the Company; (2) termination of employment; (3) the Company’s offer of and my acceptance of the Separation Benefit (my “Waiver”) and; (4) violation of any 

		
	Boyer Separation Release

	Exhibit 10.1

federal, state or local law, regulation, order or other requirement of law, breach of contract, commission of a civil wrong or otherwise by the Company.

10.

My Waiver shall apply to the Company, any parent corporation of the Company, their respective affiliates, successors, and assigns, and all of their past and present employees, officers, agents, shareholders and directors, as well as all administrators, service providers, and fiduciaries (as the term fiduciary is defined under the Employee Retirement Income Security Act of 1974, as amended (ERISA), of any employee benefit plan sponsored by such persons.  None of these parties admits any liability or responsibility of any sort in connection with any matter described in this Agreement.

11.

I realize there are many laws and regulations prohibiting employment discrimination or otherwise regulating employment or claims related to employment pursuant to which I may have rights or claims.  My Waiver includes, but is not limited to claims arising under federal, state, or local laws prohibiting employment discrimination on the basis of age, race, color, national origin, gender, religion, disability, or veteran status, including but not limited to claims arising under; (1) Title VII of the Civil Rights Act of 1964, as amended, including the Equal Employment Opportunity Act of 1972; (2) the Age Discrimination in Employment Act of 1967, as amended (the “ADEA”); (3) the Americans with Disabilities Act of 1990; (4) the National Labor Relations Act, as amended; (5) the Employee Retirement Income Security Act of 1974, as amended (“ERISA”); (6) the Civil Rights Act of 1991; (7) the Worker Adjustment and Retraining Notification Act of 1988; (8) the Family and Medical Leave Act; (9) 42 U.S.C. Section 1981; (10) the Older Workers Benefit Protection Act of 1990; as amended; and (11) the Ohio Civil Rights Statute.  My Waiver extends to all such claims, even if I do not currently know or believe that a claim exists.  I intend to waive and release any rights I may have under these and other laws, and under laws of contract and tort, but I do not intend to waive nor am I waiving (A) any rights or claims that may arise under the ADEA after the date that I sign this Agreement or (B) any claim that I may have under ERISA to a vested pension benefit or (C) applicable workers compensation and unemployment benefit laws.

12.

I understand that the Company will provide me with twenty-one (21) calendar days to consider this Agreement, beginning with the date that I first received this Agreement.  During these twenty-one (21) days, I may consider whether or not to accept the Separation Benefit and to enter into this Agreement.  I understand that although I may sign this Agreement before the twenty-one (21) calendar days have elapsed, that I am under no obligation to do so.

13.

I understand that after signing this Agreement, and dating it as of my signature date, I shall have an additional seven (7) calendar days within which to revoke both this signed Agreement and my agreement to accept the Separation Benefit.  I understand that my acceptance of, and the Company’s obligation to provide the Separation Benefit shall therefore not become effective or enforceable until this seven (7) 

		
	Boyer Separation Release

	Exhibit 10.1

calendar day period has passed.  If I revoke this Agreement within this seven (7) calendar day period, I will give notice in writing to the Company, which I may do by mail and by fax, to the attention of Jocelyn Koozer, Director of Human Resources.

14.

I reaffirm my agreement to comply with all prior agreements with, rules and policies of, the Company concerning proprietary, confidential and/or trade secret information of the Company.  I will hold all of the Company’s confidential information in strictest secrecy and confidence.  I will not directly or indirectly, take, use or disclose (or enable anyone else to take, use or disclose) any of the Company’s confidential information.  The terms of this Agreement shall be deemed to be confidential between the parties hereto except when obligated by law.

The Company’s confidential information includes all trade secrets, proprietary and other information that was disclosed to or acquired by me during my employment that related to the business of the Company and is not generally available to the public, or generally known to the Company’s competitors.  Confidential information includes without limitation; customer lists, requirements for products and related customer information; suppliers identities and products; bid and pricing information and product discount information pertaining to original equipment and spare parts.  Confidential information also includes any techniques, processes, or combinations thereof, compilations of information, records and specifications utilized or owned by the Company, development, marketing, business methods, strategies, policies or business opportunities.

15.

I understand the Company advises me to consult with an attorney, before I sign this Agreement.

16.

I acknowledge I have read this Agreement and that I have had an opportunity to question Company benefits personnel concerning the Separation Benefit that I will receive, following my separation.  I acknowledge that my decision to sign this Agreement is voluntary, and has been made without duress or coercion.  I understand the financial and legal implications of my Waiver and my entering into this Agreement.

17.

This Agreement shall be deemed to have been made within, and shall be interpreted, construed and enforced in accordance with the laws for the State of Ohio.  This Agreement and my Waiver are binding upon me, my successors, heirs and assigns.

18.

If one or more of the provisions or terms of this Agreement shall be ruled unenforceable, the Company may elect to enforce the remainder of this Agreement, or cancel it and get back from me, my successors or assigns or otherwise, any consideration paid.

		
	Boyer Separation Release

	Exhibit 10.1

Signed by the parties on the dates indicated below.

			
	Jacquie L. Boyer

	 
	/s/ JACQUIE L. BOYER

	Print Name – Jacquie L. Boyer

	 
	Signature

			
	 
	 
	July 6, 2009

	 
	 
	Date of Signature

State of Minnesota

:

:   SS

County of Hennepin

:

On this 6th day of July 2009, before me, personally came Jacquie L. Boyer, known to me to be the individual described in, and who executed the foregoing Release and Waiver and duly acknowledged to me he executed the same.

In witness whereof, I hereunto set my hand and official seal.

			
	 
	 
	/s/ ARCHANA HANDA

	 
	 
	Notary Public

			
	 
	PECO II, Inc.

	 
	 
	 

	 
	 
	 

	John G. Heindel

	By:

	/s/  JOHN G. HEINDEL

	Print Name – John G. Heindel

	 
	Signature

			
	 
	 
	Chairman/President/CEO/CFO

	 
	 
	Title of Officer

			
	 
	 
	July 7, 2009

	 
	 
	Date Accepted

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