Document:

Exhibit
10.22

 

PARTIAL
TERMINATION OF AND FIRST AMENDMENT TO

AMENDED AND RESTATED MASTER LEASE AGREEMENT

(LEASE NO. 2)

 

THIS
PARTIAL TERMINATION OF AND FIRST AMENDMENT TO AMENDED AND RESTATED MASTER LEASE
AGREEMENT (LEASE NO. 2) (this “Amendment”) is made and entered into as of November 1,
2009 by and among each of the parties identified on the signature pages hereof
as a landlord (collectively, “Landlord”) and each of the parties
identified on the signature pages hereof as a tenant (jointly and
severally, “Tenant”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to the terms of that certain
Amended and Restated Master Lease Agreement (Lease No. 2), dated as of August 4,
2009 (“Amended Lease No. 2”), Landlord leases to Tenant, and Tenant
leases from Landlord, the Leased Property (this and other capitalized terms
used but not otherwise defined herein having the meanings given such terms in
Amended Lease No. 2), all as more particularly described in Amended Lease No. 2;
and

 

WHEREAS, on or about the date hereof, SPTIHS
Properties Trust has sold certain real property and related improvements located at 300 Cedar Street, Tarkio,
Missouri, all as more
particularly described on Exhibit A-29 to Amended Lease No. 2 (the “Tarkio
Property”); and

 

WHEREAS, in connection with the sale of the
Tarkio Property, Landlord and Tenant wish to amend Amended Lease No. 2 to
terminate Amended Lease No. 2 with respect to the Tarkio Property;

 

NOW,
THEREFORE, in
consideration of the mutual covenants herein contained and other good and valuable
consideration, the mutual receipt and legal sufficiency of which are hereby
acknowledged, Landlord and Tenant hereby agree that, effective as of the date
hereof, Amended Lease No. 2 is hereby amended as follows:

 

1.                                       Partial Termination of Lease. 
Amended Lease No. 2 is terminated with respect to the Tarkio
Property and neither Landlord nor Tenant shall have any further rights or
liabilities thereunder with respect to the Tarkio Property from and after the
date hereof, except for those rights and liabilities which by their terms
survive the termination of Amended Lease No. 2.

 

 

 

2.                                       Definition of Minimum Rent. 
The defined term “Minimum Rent” set forth in Section 1.68 of
Amended Lease No. 2 is hereby deleted in its entirety and replaced with
the following:

 

“Minimum
Rent”  shall mean the sum of Forty-Eight Million
Sixty-Six Thousand Seven Hundred Eighty-Six Dollars and 37/100s Dollars
($48,066,786.37) per annum.

 

3.                                       Schedule 1.  Schedule 1 to
Amended Lease No. 2 is hereby deleted in its entirety and replaced with Schedule
1 attached hereto.

 

4.                                       Exhibit A.  Exhibit A
to Amended Lease No. 2 is hereby amended by deleting Exhibit A-29
attached thereto in its entirety and replacing it with “Intentionally Deleted.”

 

5.                                       Ratification. 
As amended hereby, Amended Lease No. 2 is hereby ratified and
confirmed.

 

[Remainder
of page intentionally left blank;

signature
pages follow]

 

2

 

IN WITNESS WHEREOF, the parties have caused
this Amendment to be duly executed as a sealed instrument as of the date first
above written.

 

	
   

  	
  LANDLORD:

  
	
   

  	
   

  
	
   

  	
  SPTIHS PROPERTIES TRUST

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  SPTMNR PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  SNH/LTA PROPERTIES GA LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  SNH/LTA PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  O.F.C. CORPORATION

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  SNH CHS PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  CCC OF KENTUCKY TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  

 

3

 

	
   

  	
  LEISURE PARK VENTURE LIMITED PARTNERSHIP

  
	
   

  	
   

  
	
   

  	
  By:

  	
  CCC Leisure Park Corporation,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  CCDE SENIOR LIVING LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  CCOP SENIOR LIVING LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  CCC PUEBLO NORTE TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  CCC RETIREMENT COMMUNITIES II, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  Crestline Ventures LLC,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  CCC INVESTMENTS I, L.L.C.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
					

 

4

 

	
   

  	
  CCC FINANCING I TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  CCC FINANCING LIMITED, L.P.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  CCC Retirement Trust,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  SNH SOMERFORD PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  HRES1 PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
					

 

5

 

	
   

  	
  TENANT:

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Francis R.
  Murphy III

  
	
   

  	
   

  	
  Francis R. Murphy III

  
	
   

  	
   

  	
  Treasurer

  
	
   

  	
   

  
	
   

  	
  FS
  TENANT HOLDING COMPANY TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Francis R.
  Murphy III

  
	
   

  	
   

  	
  Francis R. Murphy III

  
	
   

  	
   

  	
  Treasurer

  
	
   

  	
   

  
	
   

  	
  FS COMMONWEALTH LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Francis R. Murphy
  III

  
	
   

  	
   

  	
  Francis R. Murphy III

  
	
   

  	
   

  	
  Treasurer

  
	
   

  	
   

  
	
   

  	
  FS PATRIOT LLC

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Francis R. Murphy
  III

  
	
   

  	
   

  	
  Francis R. Murphy III

  
	
   

  	
   

  	
  Treasurer

  

 

6

 

SCHEDULE 1

 

PROPERTY-SPECIFIC INFORMATION

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit

  	
   

  	
  Property Address

  	
   

  	
  Base Gross

  Revenues

  (Calendar Year)

  	
   

  	
  Base Gross

  Revenues

  (Dollar Amount)

  	
   

  	
  Commencement

  Date

  	
   

  	
  Interest Rate

  	
   

  
	
  A-1

  	
   

  	
  Ashton Gables in
  Riverchase 

  2184 Parkway Lake Drive

  Birmingham, AL 35244

  	
   

  	
  2009

  	
   

  	
  N/A

  	
   

  	
  08/01/2008

  	
   

  	
  8

  	
  %

  
	
  A-2

  	
   

  	
  Lakeview Estates

  2634 Valleydale Road

  Birmingham, AL 35244

  	
   

  	
  2009

  	
   

  	
  N/A

  	
   

  	
  08/01/2008

  	
   

  	
  8

  	
  %

  
	
  A-3

  	
   

  	
  Forum at Pueblo Norte

  7090 East Mescal Street

  Scottsdale, AZ 85254

  	
   

  	
  2005

  	
   

  	
  $

  	
  11,470,312

  	
   

  	
  01/11/2002

  	
   

  	
  10

  	
  %

  
	
  A-4

  	
   

  	
  La Salette Health and Rehabilitation
  Center

  537 East Fulton Street

  Stockton, CA 95204

  	
   

  	
  2005

  	
   

  	
  $

  	
  7,726,002

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-5

  	
   

  	
  Thousand Oaks Health
  Care Center

  93 West Avenida de Los Arboles

  Thousand Oaks, CA 91360

  	
   

  	
  2005

  	
   

  	
  $

  	
  8,087,430

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-6

  	
   

  	
  Skyline Ridge
  Nursing & Rehabilitation Center

  515 Fairview Avenue

  Canon City, CO 81212

  	
   

  	
  2005

  	
   

  	
  $

  	
  4,104,100

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-7

  	
   

  	
  Springs Village Care
  Center

  110 West Van Buren Street

  Colorado Springs, CO 80907

  	
   

  	
  2005

  	
   

  	
  $

  	
  4,799,252

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-8

  	
   

  	
  Willow Tree Care
  Center

  2050 South Main Street

  Delta, CO 81416

  	
   

  	
  2005

  	
   

  	
  $

  	
  4,310,982

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-9

  	
   

  	
  Cedars
  Healthcare Center

  1599 Ingalls Street

  Lakewood, CO 80214

  	
   

  	
  2005

  	
   

  	
  $

  	
  6,964,007

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-10

  	
   

  	
  Millcroft

  255 Possum Park Road

  Newark, DE 19711

  	
   

  	
  2005

  	
   

  	
  $

  	
  11,410,121

  	
   

  	
  01/11/2002

  	
   

  	
  10

  	
  %

  
	
  A-11

  	
   

  	
  Forwood Manor

  1912 Marsh Road

  Wilmington, DE 19810

  	
   

  	
  2005

  	
   

  	
  $

  	
  13,446,434

  	
   

  	
  01/11/2002

  	
   

  	
  10

  	
  %

  
	
  A-12

  	
   

  	
  Foulk Manor South

  407 Foulk Road

  Wilmington, DE 19803

  	
   

  	
  2005

  	
   

  	
  $

  	
  4,430,251

  	
   

  	
  01/11/2002

  	
   

  	
  10

  	
  %

  

 

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit

  	
   

  	
  Property Address

  	
   

  	
  Base Gross

  Revenues

  (Calendar Year)

  	
   

  	
  Base Gross

  Revenues

  (Dollar Amount)

  	
   

  	
  Commencement

  Date

  	
   

  	
  Interest Rate

  	
   

  
	
  A-13

  	
   

  	
  Shipley Manor

  2723 Shipley Road

  Wilmington, DE 19810

  	
   

  	
  2005

  	
   

  	
  $

  	
  9,333,057

  	
   

  	
  01/11/2002

  	
   

  	
  10

  	
  %

  
	
  A-14

  	
   

  	
  Forum at Deer Creek

  3001 Deer Creek

  Country Club Blvd.

  Deerfield Beach, FL 33442

  	
   

  	
  2005

  	
   

  	
  $

  	
  12,323,581

  	
   

  	
  01/11/2002

  	
   

  	
  10

  	
  %

  
	
  A-15

  	
   

  	
  Springwood Court

  12780 Kenwood Lane

  Fort Myers, FL 33907

  	
   

  	
  2005

  	
   

  	
  $

  	
  2,577,612

  	
   

  	
  01/11/2002

  	
   

  	
  10

  	
  %

  
	
  A-16

  	
   

  	
  Fountainview

  111 Executive Center Drive

  West Palm Beach, FL 33401

  	
   

  	
  2005

  	
   

  	
  $

  	
  7,920,202

  	
   

  	
  01/11/2002

  	
   

  	
  10

  	
  %

  
	
  A-17

  	
   

  	
  Morningside of Athens

  1291 Cedar Shoals Drive

  Athens, GA 30605

  	
   

  	
  2006

  	
   

  	
  $

  	
  1,560,026

  	
   

  	
  11/19/2004

  	
   

  	
  9

  	
  %

  
	
  A-18

  	
   

  	
  Marsh View Senior
  Living

  7410 Skidaway Road

  Savannah, GA 31406

  	
   

  	
  2007

  	
   

  	
  $

  	
  2,108,378

  	
   

  	
  11/01/2006

  	
   

  	
  8.25

  	
  %

  
	
  A-19

  	
   

  	
  Pacific Place

  20937 Kane Avenue

  Pacific Junction, IA 51561

  	
   

  	
  2005

  	
   

  	
  $

  	
  848,447

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-20

  	
   

  	
  West Bridge
  Care &

  Rehabilitation

  1015 West Summit Street

  Winterset, IA 50273

  	
   

  	
  2005

  	
   

  	
  $

  	
  3,157,928

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-21

  	
   

  	
  Meadowood Retirement
  Community

  2455 Tamarack Trail

  Bloomington, IN 47408

  	
   

  	
  2009

  	
   

  	
  N/A

  	
   

  	
  11/01/2008

  	
   

  	
  8

  	
  %

  
	
  A-22

  	
   

  	
  Woodhaven Care Center

  510 West 7th Street

  Ellinwood, KS 67526

  	
   

  	
  2005

  	
   

  	
  $

  	
  2,704,674

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-23

  	
   

  	
  Lafayette at Country
  Place

  690 Mason Headley Road

  Lexington, KY 40504

  	
   

  	
  2005

  	
   

  	
  $

  	
  4,928,052

  	
   

  	
  01/11/2002

  	
   

  	
  10

  	
  %

  
	
  A-24

  	
   

  	
  Lexington Country Place

  700 Mason Headley Road

  Lexington, KY 40504

  	
   

  	
  2005

  	
   

  	
  $

  	
  8,893,947

  	
   

  	
  01/11/2002

  	
   

  	
  10

  	
  %

  
	
  A-25

  	
   

  	
  Braintree
  Rehabilitation

  Hospital

  250 Pond Street

  Braintree, MA 02184

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  10/01/2006

  	
   

  	
  9

  	
  %

  

 

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit

  	
   

  	
  Property Address

  	
   

  	
  Base Gross

  Revenues

  (Calendar Year)

  	
   

  	
  Base Gross

  Revenues

  (Dollar Amount)

  	
   

  	
  Commencement

  Date

  	
   

  	
  Interest Rate

  	
   

  
	
  A-26

  	
   

  	
  New England
  Rehabilitation

  Hospital

  2 Rehabilitation Way

  Woburn, MA 01801

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  10/01/2006

  	
   

  	
  9

  	
  %

  
	
  A-27

  	
   

  	
  HeartFields at Bowie

  7600 Laurel Bowie Road

  Bowie, MD 20715

  	
   

  	
  2005

  	
   

  	
  $

  	
  2,436,102

  	
   

  	
  10/25/2002

  	
   

  	
  10

  	
  %

  
	
  A-28

  	
   

  	
  HeartFields at
  Frederick

  1820 Latham Drive

  Frederick, MD 21701

  	
   

  	
  2005

  	
   

  	
  $

  	
  2,173,971

  	
   

  	
  10/25/2002

  	
   

  	
  10

  	
  %

  
	
  A-29

  	
   

  	
  Intentionally
  deleted.

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  
	
  A-30

  	
   

  	
  Ainsworth Care Center

  143 North Fullerton Street

  Ainsworth, NE 69210

  	
   

  	
  2005

  	
   

  	
  $

  	
  1,603,922

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-31

  	
   

  	
  Morys Haven

  1112 15th Street

  Columbus, NE 68601

  	
   

  	
  2005

  	
   

  	
  $

  	
  2,440,714

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-32

  	
   

  	
  Exeter Care Center

  425 South Empire Avenue

  Exeter, NE 68351

  	
   

  	
  2005

  	
   

  	
  $

  	
  1,705,397

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-33

  	
   

  	
  Wedgewood Care Center

  800 Stoeger Drive

  Grand Island, NE 68803

  	
   

  	
  2005

  	
   

  	
  $

  	
  4,000,565

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-34

  	
   

  	
  Logan Valley Manor

  1035 Diamond Street

  Lyons, NE 68038

  	
   

  	
  2005

  	
   

  	
  $

  	
  2,271,714

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-35

  	
   

  	
  Crestview Healthcare
  Center

  1100 West First Street

  Milford, NE 68405

  	
   

  	
  2005

  	
   

  	
  $

  	
  2,284,407

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-36

  	
   

  	
  Utica Community Care Center

  1350 Centennial Avenue

  Utica, NE 68456

  	
   

  	
  2005

  	
   

  	
  $

  	
  1,950,325

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-37

  	
   

  	
  Leisure Park

  1400 Route 70

  Lakewood, NJ 08701

  	
   

  	
  2005

  	
   

  	
  $

  	
  14,273,446

  	
   

  	
  01/07/2002

  	
   

  	
  10

  	
  %

  
	
  A-38

  	
   

  	
  Franciscan Manor

  71 Darlington Road

  Patterson Township,

  Beaver Falls, PA 15010

  	
   

  	
  2006

  	
   

  	
  $

  	
  4,151,818

  	
   

  	
  10/31/2005

  	
   

  	
  9

  	
  %

  
	
  A-39

  	
   

  	
  Mount Vernon of
  Elizabeth

  145 Broadlawn Drive

  Elizabeth, PA 15037

  	
   

  	
  2006

  	
   

  	
  $

  	
  2,332,574

  	
   

  	
  10/31/2005

  	
   

  	
  9

  	
  %

  

 

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Exhibit

  	
   

  	
  Property Address

  	
   

  	
  Base Gross

  Revenues

  (Calendar Year)

  	
   

  	
  Base Gross

  Revenues

  (Dollar Amount)

  	
   

  	
  Commencement

  Date

  	
   

  	
  Interest Rate

  	
   

  
	
  A-40

  	
   

  	
  Overlook Green

  5250 Meadowgreen Drive

  Whitehall, PA 15236

  	
   

  	
  2006

  	
   

  	
  $

  	
  3,878,300

  	
   

  	
  10/31/2005

  	
   

  	
  9

  	
  %

  
	
  A-41

  	
   

  	
  Myrtle Beach Manor

  9547 Highway 17 North

  Myrtle Beach, SC 29572

  	
   

  	
  2005

  	
   

  	
  $

  	
  6,138,714

  	
   

  	
  01/11/2002

  	
   

  	
  10

  	
  %

  
	
  A-42

  	
   

  	
  Morningside of Anderson

  1304 McLees Road

  Anderson, SC 29621

  	
   

  	
  2006

  	
   

  	
  $

  	
  1,381,775

  	
   

  	
  11/19/2004

  	
   

  	
  9

  	
  %

  
	
  A-43

  	
   

  	
  Heritage Place at
  Boerne

  120 Crosspoint Drive

  Boerne, TX 78006

  	
   

  	
  2009

  	
   

  	
  N/A

  	
   

  	
  02/07/2008

  	
   

  	
  8

  	
  %

  
	
  A-44

  	
   

  	
  Forum at Park Lane

  7831 Park Lane

  Dallas, TX 75225

  	
   

  	
  2005

  	
   

  	
  $

  	
  13,620,931

  	
   

  	
  01/11/2002

  	
   

  	
  10

  	
  %

  
	
  A-45

  	
   

  	
  Heritage Place at
  Fredericksburg

  96 Frederick Road

  Fredericksburg, TX 78624

  	
   

  	
  2009

  	
   

  	
  N/A

  	
   

  	
  02/07/2008

  	
   

  	
  8

  	
  %

  
	
  A-46

  	
   

  	
  Greentree
  Health &

  Rehabilitation Center

  70 Greentree Road

  Clintonville, WI 54929

  	
   

  	
  2005

  	
   

  	
  $

  	
  3,038,761

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-47

  	
   

  	
  Pine Manor Health Care
  Center

  Village of Embarrass

  1625 East Main Street

  Clintonville, WI 54929

  	
   

  	
  2005

  	
   

  	
  $

  	
  4,337,113

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-48

  	
   

  	
  ManorPointe - Oak Creek
  Independent Senior Apartments and

  Meadowmere - 

  Mitchell Manor - Oak Creek

  700 East Stonegate Drive and 701 East Puetz Road

  Oak Creek, WI 53154

  	
   

  	
  2009

  	
   

  	
  N/A

  	
   

  	
  01/04/2008

  	
   

  	
  8

  	
  %

  
	
  A-49

  	
   

  	
  River Hills West

  Healthcare Center

  321 Riverside Drive

  Pewaukee, WI 53072

  	
   

  	
  2005

  	
   

  	
  $

  	
  9,211,765

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-50

  	
   

  	
  The Virginia
  Health &

  Rehabilitation Center

  1451 Cleveland Avenue

  Waukesha, WI 53186

  	
   

  	
  2005

  	
   

  	
  $

  	
  6,128,045

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %Exhibit 10.25

 

FIRST
AMENDMENT TO

AMENDED AND RESTATED MASTER LEASE AGREEMENT

(LEASE NO. 4)

 

THIS
FIRST AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT (LEASE NO. 4) (this “Amendment”) is made and
entered into as of October 1, 2009 by and among each of the parties
identified on the signature pages hereof as a landlord (collectively, “Landlord”),
and each of the parties identified on the signature pages hereof as a
tenant (jointly and severally, “Tenant”).

 

W I T N E S S E T H:

 

WHEREAS, pursuant to the terms of that certain
Amended and Restated Master Lease Agreement (Lease No. 4), dated as of August 4,
2009 (“Amended Lease No. 4”), Landlord leases to Tenant, and Tenant
leases from Landlord, the Leased Property (this and other capitalized terms used
but not otherwise defined herein having the meanings given such terms in
Amended Lease No. 4), all as more particularly described in Amended Lease No. 4;
and

 

WHEREAS, on or about the date hereof, SNH CHS
Properties Trust has acquired certain real property and related improvements
known as Brandon Woods at Alvamar, and
located at 1501 Inverness Drive, Lawrence, Kansas 66047, as more
particularly described on Exhibit A-26 attached hereto (the “Brandon
Woods Property”); and

 

WHEREAS, in connection with the acquisition of the
Brandon Woods Property, SNH CHS Properties Trust desires to lease the Brandon
Woods Property to Five Star Quality Care Trust and Five Star Quality Care Trust
desires to lease the Brandon Woods Property from SNH CHS Properties Trust; and

 

WHEREAS, SNH CHS Properties Trust, the other
entities comprising Landlord, Five Star Quality Care Trust and the other
entities comprising Tenant wish to amend Amended Lease No. 4 to include
the Brandon Woods Property;

 

NOW,
THEREFORE, in
consideration of the mutual covenants herein contained and other good and
valuable consideration, the mutual receipt and legal sufficiency of which are
hereby acknowledged, Landlord and Tenant hereby agree that, effective as of the
date hereof, Amended Lease No. 4 is hereby amended as follows:

 

 

 

1.             Definition of Minimum Rent.  The defined term “Minimum Rent” set forth in Section 1.68
of Amended Lease No. 4 is hereby deleted in its entirety and replaced with
the following:

 

“Minimum
Rent”  shall mean the sum of Twenty-Two Million
Seven Hundred Forty-Seven Thousand Three Hundred Sixty-Nine and 09/100s Dollars
($22,747,369.09) per annum.

 

2.             Leased Property.  Section 2.1 of Amended Lease No. 4
is hereby amended by deleting subsection (a) therefrom in its entirety and
replacing it with the following:

 

(a)           those certain tracts, pieces and
parcels of land as more particularly described on Exhibits A-1 through A-26
attached hereto and made a part hereof (the “Land”).

 

3.             Schedule 1.  Schedule 1 to Amended Lease No. 4 is
hereby deleted in its entirety and replaced with Schedule 1 attached
hereto.

 

4.             Exhibit A.  Exhibit A to Amended Lease No. 4 is
hereby amended by adding Exhibit A-26 attached hereto immediately
following Exhibit A-25 to the Amended Lease No. 4.

 

5.             Ratification.  As amended hereby, Amended Lease No. 4
is hereby ratified and confirmed.

 

[Remainder
of page intentionally left blank;

signature
pages follow]

 

2

 

IN WITNESS WHEREOF, the parties have executed
this Amendment as a sealed instrument as of the date above first written.

 

	
   

  	
  LANDLORD:

  
	
   

  	
   

  
	
   

  	
  SNH SOMERFORD PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SNH NS PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SNH/LTA PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SPTIHS PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  SNH CHS PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  

 

3

 

	
   

  	
  SNH/LTA PROPERTIES GA LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  CCOP SENIOR LIVING LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  David J. Hegarty

  
	
   

  	
   

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  TENANT:

  
	
   

  	
   

  
	
   

  	
  FIVE STAR QUALITY CARE TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Francis R. Murphy
  III

  
	
   

  	
   

  	
  Francis R. Murphy III

  
	
   

  	
   

  	
  Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  FIVE STAR QUALITY CARE - NS
  TENANT, LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Francis R. Murphy
  III

  
	
   

  	
   

  	
  Francis R. Murphy III

  
	
   

  	
   

  	
  Treasurer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  FS TENANT HOLDING COMPANY TRUST

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Francis R. Murphy
  III

  
	
   

  	
   

  	
  Francis R. Murphy III

  
	
   

  	
   

  	
  Treasurer

  

 

4

 

EXHIBIT
A-26

 

Brandon Woods at Alvamar

1501 Inverness Drive

Lawrence, KS 66047

 

Certain attachments to the Exhibits to this agreement have been
omitted. The Company agrees to furnish supplementally copies of any of the
omitted attachments to the Exhibits to the Securities and Exchange Commission
upon request.

 

 

SCHEDULE 1

 

PROPERTY-SPECIFIC INFORMATION

 

	
  Exhibit

  	
   

  	
  Property Address

  	
   

  	
  Base Gross Revenues

  (Calendar Year)

  	
   

  	
  Base Gross Revenues

  (Dollar Amount)

  	
   

  	
  Commencement

  Date

  	
   

  	
  Interest 

  Rate

  	
   

  
	
  A-1

  	
   

  	
  Somerford Place -
  Stockton 

  3530 Deer Park Drive 

  Stockton, CA 95219

  	
   

  	
  2009

  	
   

  	
  N/A

  	
   

  	
  03/31/2008

  	
   

  	
  8

  	
  %

  
	
  A-2

  	
   

  	
  La Villa Grande Care
  Center 

  2501 Little Bookcliff Drive 

  Grand Junction, CO 81501

  	
   

  	
  2005

  	
   

  	
  $

  	
  5,205,189

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-3

  	
   

  	
  Court at Palm-Aire 

  2701 North Course Drive 

  Pompano Beach, FL 33069

  	
   

  	
  2007

  	
   

  	
  $

  	
  12,992,201

  	
   

  	
  09/01/2006

  	
   

  	
  8.25

  	
  %

  
	
  A-4

  	
   

  	
  Southland Care Center 

  606 Simmons Street 

  Dublin, GA 31021

  	
   

  	
  2005

  	
   

  	
  $

  	
  5,335,403

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-5

  	
   

  	
  Autumn Breeze
  Healthcare Center 

  1480 Sandtown Road 

  Marietta, GA 30008

  	
   

  	
  2005

  	
   

  	
  $

  	
  5,208,341

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-6

  	
   

  	
  Northlake Gardens 

  1300 Montreal Road 

  Tucker, GA 30084

  	
   

  	
  2006

  	
   

  	
  $

  	
  2,240,421

  	
   

  	
  06/03/2005

  	
   

  	
  9

  	
  %

  
	
  A-7

  	
   

  	
  Westridge Quality 

  Care & Rehabilitation 

  600 Manor Drive 

  Clarinda, IA 51632

  	
   

  	
  2005

  	
   

  	
  $

  	
  2,933,641

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-8

  	
   

  	
  Brenden Gardens 

  900 Southwind Road 

  Springfield, IL 62703

  	
   

  	
  2007

  	
   

  	
  $

  	
  1,802,414

  	
   

  	
  09/01/2006

  	
   

  	
  8.25

  	
  %

  
	
  A-9

  	
   

  	
  Overland Park
  Place 

  6555 West 75th Street 

  Overland Park, KS 66204

  	
   

  	
  2005

  	
   

  	
  $

  	
  2,539,735

  	
   

  	
  10/25/2002

  	
   

  	
  10

  	
  %

  
	
  A-10

  	
   

  	
  Morningside of Mayfield
  

  1517 West Broadway 

  Mayfield, KY 42066

  	
   

  	
  2006

  	
   

  	
  $

  	
  1,197,256

  	
   

  	
  11/19/2004

  	
   

  	
  9

  	
  %

  
	
  A-11

  	
   

  	
  The Neighborhood of
  Somerset 

  100 Neighborly Drive 

  Somerset, KY 42503

  	
   

  	
  2007

  	
   

  	
  $

  	
  1,893,629

  	
   

  	
  11/05/2006

  	
   

  	
  8.25

  	
  %

  

 

 

	
  A-12

  	
   

  	
  Centennial Park

  Retirement Village

  510 Centennial Circle

  North Platte, NE 69101

  	
   

  	
  2009

  	
   

  	
  N/A

  	
   

  	
  02/17/2008

  	
   

  	
  8

  	
  %

  
	
  A-13

  	
   

  	
  Westgate Assisted
  Living 

  3030 South 80th Street 

  Omaha, NE 68124

  	
   

  	
  2006

  	
   

  	
  $

  	
  2,210,173

  	
   

  	
  06/03/2005

  	
   

  	
  9

  	
  %

  
	
  A-14

  	
   

  	
  NewSeasons at Cherry
  Hill 

  490 Cooper Landing Road 

  Cherry Hill, NJ 08002*

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  12/29/2003

  	
   

  	
  10

  	
  %

  
	
  A-15

  	
   

  	
  NewSeasons at Mount
  Arlington 

  2 Hillside Drive 

  Mount Arlington, NJ 07856*

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  12/29/2003

  	
   

  	
  10

  	
  %

  
	
  A-16

  	
   

  	
  NewSeasons at New
  Britain 

  800 Manor Drive 

  Chalfont, PA 18914*

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  12/29/2003

  	
   

  	
  10

  	
  %

  
	
  A-17

  	
   

  	
  NewSeasons at Clarks
  Summit 

  950 Morgan Highway 

  Clarks Summit, PA 18411*

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  12/29/2003

  	
   

  	
  10

  	
  %

  
	
  A-18

  	
   

  	
  NewSeasons at
  Exton 

  600 North Pottstown Pike 

  Exton, PA 19341*

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  12/29/2003

  	
   

  	
  10

  	
  %

  
	
  A-19

  	
   

  	
  NewSeasons at Glen
  Mills (Concordville) 

  242 Baltimore Pike 

  Glen Mills, PA 19342*

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  12/29/2003

  	
   

  	
  10

  	
  %

  
	
  A-20

  	
   

  	
  NewSeasons at Tiffany
  Court 

  700 Northampton Street 

  Kingston, PA 18704*

  	
   

  	
  N/A

  	
   

  	
  N/A

  	
   

  	
  12/29/2003

  	
   

  	
  10

  	
  %

  
	
  A-21

  	
   

  	
  Morningside of
  Greenwood 

  116 Enterprise Court 

  Greenwood, SC 29649

  	
   

  	
  2006

  	
   

  	
  $

  	
  1,322,836

  	
   

  	
  06/03/2005

  	
   

  	
  9

  	
  %

  
	
  A-22

  	
   

  	
  Montevista at Coronado 

  1575 Belvidere Street 

  El Paso, TX 79912

  	
   

  	
  2005

  	
   

  	
  $

  	
  8,149,609

  	
   

  	
  01/11/2002

  	
   

  	
  10

  	
  %

  

 

“*” indicates New Seasons Property

 

 

	
  A-23

  	
   

  	
  Dominion Village at Poquoson

  531 Wythe Creek Road

  Poquoson, VA 23662

  	
   

  	
  2005

  	
   

  	
  $

  	
  1,359,832

  	
   

  	
  5/30/2003

  	
   

  	
  10

  	
  %

  
	
  A-24

  	
   

  	
  Morningside in the West
  End 

  3000 Skipwith Road 

  Richmond, VA 23294

  	
   

  	
  2006

  	
   

  	
  $

  	
  3,792,363

  	
   

  	
  11/19/2004

  	
   

  	
  9

  	
  %

  
	
  A-25

  	
   

  	
  Worland
  Healthcare & 

  Rehabilitation Center 

  1901 Howell Avenue 

  Worland, WY 82401

  	
   

  	
  2005

  	
   

  	
  $

  	
  3,756,035

  	
   

  	
  12/31/2001

  	
   

  	
  10

  	
  %

  
	
  A-26

  	
   

  	
  Brandon Woods at
  Alvamar 
 1501 Inverness Drive, 

  Lawrence, KS 66047

  	
   

  	
  2010

  	
   

  	
  N/A

  	
   

  	
  10/01/2009

  	
   

  	
  8.75

  	
  %

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}]]