Document:

Exhibit 10.1

 

FIFTH AMENDMENT TO MASTER LEASE AND SECURITY AGREEMENT

 

This FIFTH AMENDMENT TO MASTER LEASE AND SECURITY AGREEMENT (this “Amendment”) is made and entered into as of May 4, 2012, by and between the parties listed as “Lessor” on the signature page hereto, as lessors (collectively, “Lessor”), and HCR III Healthcare, LLC, as lessee (“Lessee”).

 

RECITALS

 

A.                                   Lessor is the current “Lessor” and Lessee is the current “Lessee” pursuant to that certain Master Lease and Security Agreement dated as of April 7, 2011, as amended by that certain First Amendment to Master Lease and Security Agreement dated as of April 7, 2011, that certain Second Amendment to Master Lease and Security Agreement dated as of May 16, 2011, that certain Third Amendment to Master Lease and Security Agreement dated as of January 10, 2012 and that certain Fourth Amendment to Master Lease and Security Agreement dated as of April 18, 2012 (as so amended, the “Master Lease”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Master Lease.

 

B.                                     Lessee’s obligations under the Master Lease are guaranteed by HCR ManorCare, Inc., a Delaware corporation, successor in interest to HCR ManorCare, LLC, a Delaware limited liability company, pursuant to that certain Guaranty of Obligations dated as of April 7, 2011 (as the same may have been or may hereafter be further amended, modified or reaffirmed from time to time in accordance with the terms thereof, the “Guaranty”).

 

C.                                     Lessor and Lessee desire to enter into this Amendment to provide for the addition of the Additional Riverview Senior Living Community Land (defined below) to the “Leased Property” that is subject to the Master Lease.

 

AGREEMENT

 

NOW THEREFORE, in consideration of the foregoing Recitals and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Lessor and Lessee hereby agree as follows:

 

1.                                       Recitals.  The foregoing recitals are adopted by Lessor and Lessee as true and correct and, by this reference, are incorporated herein as if set forth herein in full.

 

2.                                       Clarification.  Solely for the purpose of clarification, the term “Land” as set forth in the Master Lease is agreed to include the real property described on Exhibit A hereto (the “Riverview Senior Living Community Land”), which real property also is identified on Exhibit A-1 to the Master Lease as “500 Centennial Drive, East Peoria, IL 61611”.

 

3.                                       Amendment.  The Master Lease is hereby amended to modify the term “Land” to add the real property described on Exhibit B hereto (the “Additional Riverview Senior Living Community Land”) and Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, as part of the Leased Property, all of Lessor’s rights, title and interests in and to the Additional Riverview Senior Living Community Land and all improvements located thereon, subject to all of the terms, conditions, and provisions of the Master Lease, as it is hereby, and

 

 

may be hereafter, clarified, amended, modified, restated and/or replaced.  All references in the Master Lease to “500 Centennial Drive, East Peoria, IL 61611” or to the Riverview Senior Living Community Land shall be deemed to refer to both the Riverview Senior Living Community Land and the Additional Riverview Senior Living Community Land.

 

4.                                       Effect of Amendment. All references in the Master Lease to the “Master Lease” shall be deemed to be references to the Master Lease as amended hereby.

 

5.                                       Full Force and Effect; Acknowledgement. The Master Lease, as hereby amended, shall remain and continue in full force and effect.

 

6.                                       Counterparts; Facsimile or Electronically Transmitted Signatures. This Amendment may be executed in any number of counterparts, all of which shall constitute one and the same instrument. Signatures transmitted by facsimile or other electronic means may be used in place of original signatures on this Amendment, and Lessor and Lessee both intend to be bound by the signatures on the document transmitted by facsimile or such other electronic means.

 

[NO FURTHER TEXT ON THIS PAGE]

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the day and year first written above.

 

	
 
    	
“LESSOR”
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES, LP, a Delaware limited   partnership
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
HCP I-B Properties, LLC, a Delaware limited liability company, its   General Partner
    
	
 
    	
 
    	
 
    
	
 
    	
HCP WEST VIRGINIA PROPERTIES, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF ALEXANDRIA VA, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF ARLINGTON VA, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF MIDWEST CITY OK, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF OKLAHOMA CITY (NORTHWEST),   LLC, a Delaware limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF OKLAHOMA CITY (SOUTHWEST),   LLC, a Delaware limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF TULSA OK, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES-ARDEN COURTS OF ANNANDALE VA,   LLC, a Delaware limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES-CHARLESTON OF HANAHAN SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-COLUMBIA SC, LLC, a Delaware limited   liability company
    

 

S-1

 

	
 
    	
HCP PROPERTIES-FAIR OAKS OF FAIRFAX VA, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES-IMPERIAL OF RICHMOND VA, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES-LEXINGTON SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES-MEDICAL CARE CENTER-LYNCHBURG VA,   LLC, a Delaware limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES-OAKMONT EAST-GREENVILLE SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES-OAKMONT OF UNION SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES-OAKMONT WEST-GREENVILLE SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES-STRATFORD HALL OF RICHMOND VA,   LLC, a Delaware limited liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP PROPERTIES-WEST ASHLEY-CHARLESTON SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
HCP MARYLAND PROPERTIES, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Susan M. Tate
    
	
 
    	
 
    	
Name: 
    	
Susan M. Tate
    
	
 
    	
 
    	
Title: 
    	
Executive Vice President
    

 

S-2

 

	
 
    	
“LESSEE”
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
HCR III HEALTHCARE, LLC, a Delaware limited   liability company
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Matthew S. Kang
    
	
 
    	
 
    	
Name: 
    	
Matthew S. Kang
    
	
 
    	
 
    	
Title: 
    	
Vice President
    

 

S-3

 

CONSENT, REAFFIRMATION AND AGREEMENT OF GUARANTOR

 

Guarantor hereby (i) reaffirms all of its obligations under the Guaranty, (ii) consents to the foregoing Amendment and (iii) agrees that its obligations under the Guaranty shall extend to Lessee’s duties, covenants and obligations pursuant to the Master Lease, as amended pursuant to the foregoing Amendment.

 

	
 
    	
HCR MANORCARE, INC., a Delaware   corporation
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Matthew S. Kang
    
	
 
    	
 
    	
Name:
    	
Matthew S. Kang
    
	
 
    	
 
    	
Title:
    	
Vice President
    

 

S-4

 

Exhibit A

 

Riverview Senior Living Community Land

 

Fac #

510 & 542
  Address
  500 Centennial Dr

City/Town
 East Peoria
  County

Tazwell

State

IL

 

A part of the Southeast Quarter of Section 14 and the Northeast Quarter of Section 23, all in Township 26 North, Range 4 West of the Third Principal Meridian, being more particularly described as follows with bearings for descriptive purposes only: Commencing at the Southwest corner of the Southeast Quarter of said Section 14; thence North 00 degrees 49 minutes 39 seconds West, along the West line of the Southeast Quarter of said Section 14, a distance of 163.04 feet to a monument found; thence South 89 degrees 50 minutes 20 seconds East, a distance of 79.06 feet to a point on the Southerly right-of-way line of proposed Highview Road Extension; thence South 22 degrees 39 minutes 20 seconds East, a distance of 35.90 feet to a point; thence South 73 degrees 29 minutes 09 seconds East a distance of 440.00 feet to the point of beginning of the tract described herein; thence South 68 degrees 50 minutes 46 seconds East, a distance of 236.42 feet to a point; thence North 52 degrees 50 minutes 25 seconds East a distance of 204.52 feet to a point; thence North 48 degrees 48 minutes 09 seconds East, a distance of 183.71 feet to a point; thence North 57 degrees 14 minutes 51 seconds East, a distance of 310.50 feet to a point; thence North 63 degrees 57 minutes 16 seconds East, a distance of 178.08 feet to a point; thence North 82 degrees 36 minutes 17 seconds East a distance of 76.74 feet to a point; the last 8 courses being along the aforementioned Southerly right-of-way line of proposed Highview Road Extension; thence South 20 degrees 50 minutes 02 seconds East, a distance of 226.22 feet to a point; thence South 73 degrees 55 minutes 56 seconds East a distance of 643.12 feet to a point; thence South 14 degrees 42 minutes 38 seconds East, a distance of 182.78 feet to an iron pipe found; thence South 70 degrees 20 minutes 17 seconds West a distance of 313.27 feet to an iron pipe found; thence South 75 degrees 55 minutes 34 seconds West a distance of 218.86 feet to an iron pipe found; thence North 76 degrees 23 minutes 31 seconds West, a distance of 205.17 feet to an iron pipe found; thence South 61 degrees 24 minutes 20 seconds West, a distance of 139.38 feet to an iron pipe found; thence South 44 degrees 30 minutes 38 seconds West a distance of 219.71 feet to an iron pipe found; thence South 01 degrees 47 minutes 49 seconds West, a distance of 296.00 feet to an iron pipe set; thence North 39 degrees 23 minutes 35 seconds West a distance of 204.80 feet to an iron pipe found; thence North 89 degrees 54 minutes 41 seconds West, a distance of 250.93 feet to an iron pipe found; thence South 82 degrees 26 minutes 17 seconds West a distance of 273.04 feet to an iron pipe found; thence South 57 degrees 32 minutes 26 seconds West a distance of 224.00 feet to an iron pipe set; thence North 15 degrees 22 minutes 54 seconds East, a distance of 561.59 feet to a point; thence North 18 degrees 35 minutes 10 seconds West, a distance of 249.14 feet to the Point of Beginning, shown as Tract I on a certain Plat recorded April 18, 1983 in Plat Book “FF”, page 62, situated in Tazewell County, Illinois. 

 

A-1

 

Exhibit B

Additional Riverview Senior Living Community Land

 

A part of Tract 2, as recorded in Plat Book “FF”, pages 62-65 at the Tazewell County Recorder’s Office, being a part of the Southeast Quarter of Section 14, Township 26 North, Range 4 West of the Third Principal Merdian, Tazewell County, Illinois, Further described as follows:

 

Commencing at the Southeast corner of said Southeast Quarter of Section 14, said corner reset by monument record 2008-7153 at the Tazewell County Recorder’s Office; Thence South 89 degrees 46 minutes 20 seconds West, along the South line of said Southeast Quarter, a distance of 38.71 feet to the Westerly Right of Way line of Oakwood Road; the following 3 courses are along said Westerly right of way line, thence in a Northeasterly direction on a curve concave to the Southeast, with a radius of 392.76 feet and an arc length of 124.46 feet and being subtended by a chord bearing North 22 degrees 01 minutes 00 seconds East, a distance of 123.94 feet; Thence North 31 degrees 10 minutes 14 seconds East, a distance of 33.48 feet; Thence North 19 degrees 51 minutes 22 seconds West, a distance of 25.47 feet to the Southerly right of way line of Centennial drive; the following 4 courses are along said Southerly right of way line, Thence North 58 degrees 52 minutes 19 seconds West, a distance of 38.44 feet; Thence North 71 degrees 15 minutes 51 seconds West, a distance of 205.14 feet; Thence North 74 degrees 19 minutes 07 seconds West, a distance of 409.08 feet; Thence North 80 degrees 33 minutes 23 seconds West, a distance of 233.10 feet to the point of beginning.

 

Thence South 00 degrees 39 minutes 42 seconds East, a distance of 254.81 feet; Thence North 73 degrees 55 minutes 10 seconds West, a distance of 200.00 feet; Thence North 20 degrees 49 minutes 56 seconds West, a distance of 226.22 feet to said Southerly right of way of Centennial Drive; the following 2 courses are along said Southerly right of way line, Thence North 82 degrees 36 minutes 23 seconds East, a distance of 111.79 feet; Thence South 80 degrees 33 minutes 23 seconds East, a distance of 161.00 feet to the Point of Beginning and containing 1.263 arces, more or less, and subject to Easements, restrictions and right of way of record. The above described tract has been surveyed and recorded in Plat Book “Ill”, page 113 at the Tazewell County Recorder’s Office.

 

B-1Exhibit 10.2

 

[Marion, Ohio - #1672]

 

SIXTH AMENDMENT TO MASTER LEASE AND SECURITY AGREEMENT

 

This SIXTH AMENDMENT TO MASTER LEASE AND SECURITY AGREEMENT (this “Amendment”) is made and entered into as of May 30, 2012, by and between the parties signatory hereto, as lessors (collectively, “Lessor”) and HCR III Healthcare, LLC, as lessee (“Lessee”).

 

RECITALS

 

A.            Lessor is the current “Lessor” and Lessee is the current “Lessee” pursuant to that certain Master Lease and Security Agreement dated as of April 7, 2011, as amended by that certain First Amendment to Master Lease and Security Agreement dated as of April 7, 2011, as further amended by that certain Second Amendment to Master Lease and Security Agreement dated as of May 16, 2011, Third Amendment to Master Lease and Security Agreement dated as of January 10, 2012, Fourth Amendment to Master Lease and Security Agreement dated as of April 18, 2012 and Fifth Amendment to Master Lease and Security Agreement dated as of May 5, 2012 (as so amended, the “Master Lease”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Master Lease.

 

B.            Lessee’s obligations under the Master Lease are guaranteed by HCR ManorCare, Inc., a Delaware corporation, successor in interest to HCR ManorCare, LLC, a Delaware limited liability company, pursuant to that certain Guaranty of Obligations dated as of April 7, 2011 (as the same may have been or may hereafter be further amended, modified or reaffirmed from time to time in accordance with the terms thereof, the “Guaranty”).

 

C.            The Master Lease covers the “Leased Property” of the Pool 1 Facilities described on Exhibit A-1 to the Master Lease, the Pool 2 Facilities described on Exhibit A-2 to the Master Lease, the Pool 3 Facilities described on Exhibit A-3 to the Master Lease and the Pool 4 Facilities described on Exhibit A-4 to the Master Lease.

 

D.            Reference is made to the Pool 1 Facility identified on Exhibit A-1 to the Master Lease as “Heartland of Marion,” located on the Land identified on said Exhibit as 400 Barks Road West, Marion, Ohio (the “Original Heartland of Marion Land”).

 

E.             Lessee desires to expand or cause the expansion of Heartland of Marion in order to complete a 16-bed addition (the “Marion Expansion Project”), which is a Pre-Existing Project listed on Schedule 10.1 of the Master Lease.

 

 

F.             Concurrently herewith and in consideration of Lessor’s confirmation of the Marion Expansion Project, Lessee has caused to be conveyed to HCP Properties, LP, a Delaware limited partnership and a Lessor, the real property described on Exhibit A hereto (the “Additional Heartland of Marion Land”), which real property is owned by an affiliate of Lessee, and which adjoins, and is adjacent to, the Original Heartland of Marion Land.

 

G.            Lessee desires to lease the Additional Heartland of Marion Land from Lessor, for the construction of, at Lessee’s sole cost and expense, the Marion Expansion Project.

 

H.            Lessor is willing to lease the Additional Heartland of Marion Land to Lessee for the purposes described above and on the terms set forth in the Master Lease, as amended hereby.

 

I.              Lessor and Lessee desire to enter into this Amendment to provide for the addition of the Additional Heartland of Marion Land to the “Leased Property” which is the subject of the Master Lease.

 

AGREEMENT

 

NOW THEREFORE, in consideration of the foregoing Recitals and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Lessor and Lessee hereby agree as follows:

 

1.             Recitals.  The foregoing recitals are adopted by Lessor and Lessee as true and correct and, by this reference, are incorporated herein as if set forth herein in full.

 

2.             Heartland of Marion Land. The Master Lease is hereby amended to modify the “Land” to add the Additional Heartland of Marion Land thereto and Lessor hereby leases to Lessee, and Lessee hereby leases from Lessor, as part of the Leased Property, all of Lessor’s right, title and interest in and to the Additional Heartland of Marion Land and any improvements currently and to be located thereon, subject to all of the terms, conditions and provisions of the Master Lease, as it is hereby, and may be hereafter, amended, modified, restated or otherwise modified.

 

3.             Effect of Amendment. All references in the Master Lease to the “Master Lease” shall be deemed to be references to the Master Lease as amended hereby.

 

4.             Full Force and Effect; Acknowledgement. The Master Lease, as hereby amended, shall remain and continue in full force and effect. Without limiting the generality of the foregoing, Lessee acknowledges that the Marion Expansion Project contemplates Capital Additions and/or material structural alterations to the Leased Property which are subject to the Master Lease, including, without limitation, Sections 10.1 and 10.2 thereof, and nothing herein shall be construed as a Lessor’s waiver of the requirements set forth therein.  Notwithstanding the foregoing, Lessor acknowledges that the Marion Expansion Project is a Pre-existing Project as set forth in Schedule 10.1.

 

2

 

5.             Counterparts; Facsimile or Electronically Transmitted Signatures. This Amendment may be executed in any number of counterparts, all of which shall constitute one and the same instrument. Signatures transmitted by facsimile or other electronic means may be used in place of original signatures on this Amendment, and Lessor and Lessee both intend to be bound by the signatures on the document transmitted by facsimile or such other electronic means.

 

6.             Fees and Costs. Pursuant to Lessee’s obligations under Section 42.2 of the Master Lease, Lessee hereby agrees to pay to Lessor a sum equal to $20,000.00 as reimbursement for Lessor’s actual out-of-pocket costs and expenses incurred in connection with the review of Lessee’s request and the preparation, negotiation and documentation of this Amendment, which amount shall constitute Additional Charges under the Master Lease.

 

[NO FURTHER TEXT ON THIS PAGE]

 

3

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the day and year first written above.

 

 

	
 
    	
“LESSOR”
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES, LP, a Delaware limited   partnership
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
HCP I-B Properties, LLC, a Delaware limited liability company, its   General Partner
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
HCP WEST VIRGINIA PROPERTIES, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF ALEXANDRIA VA, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF ARLINGTON VA, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF MIDWEST CITY OK, LLC, a Delaware limited liability   company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF OKLAHOMA CITY (NORTHWEST),   LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF OKLAHOMA CITY (SOUTHWEST),   LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES OF TULSA OK, LLC, a Delaware limited   liability company
    

 

S-1

 

	
 
    	
HCP PROPERTIES-ARDEN COURTS OF ANNANDALE VA,   LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-CHARLESTON OF HANAHAN SC, LLC, a Delaware limited liability   company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-COLUMBIA SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-FAIR OAKS OF FAIRFAX VA, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-IMPERIAL OF RICHMOND VA, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-LEXINGTON SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-MEDICAL CARE CENTER-LYNCHBURG VA,   LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-OAKMONT EAST-GREENVILLE SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-OAKMONT OF UNION SC, LLC, a Delaware limited liability   company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-OAKMONT WEST-GREENVILLE SC, LLC, a Delaware limited   liability company
    

 

S-2

 

	
 
    	
HCP PROPERTIES-STRATFORD HALL OF RICHMOND VA,   LLC, a Delaware limited liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP PROPERTIES-WEST ASHLEY-CHARLESTON SC, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
HCP MARYLAND PROPERTIES, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Susan M. Tate
    
	
 
    	
 
    	
Name:
    	
Susan M. Tate
    
	
 
    	
 
    	
Title:
    	
Executive Vice President
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
“LESSEE”
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
HCR III HEALTHCARE, LLC, a Delaware limited   liability company
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Matthew S. Kang
    
	
 
    	
 
    	
Name:
    	
Matthew S. Kang
    
	
 
    	
 
    	
Title:
    	
Chief Financial Officer
    

 

S-3

 

[Marion, Ohio - #1672]

 

CONSENT, REAFFIRMATION AND AGREEMENT OF GUARANTOR

 

Guarantor hereby (i) reaffirms all of its obligations under the Guaranty, (ii) consents to the foregoing Amendment and (iii) agrees that its obligations under the Guaranty shall extend to Lessee’s duties, covenants and obligations pursuant to the Master Lease, as amended pursuant to the foregoing Amendment.

 

 

	
 
    	
HCR MANORCARE, INC., a Delaware   corporation
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/ Steven M. Cavanaugh
    
	
 
    	
 
    	
Name:
    	
Steven M. Cavanaugh
    
	
 
    	
 
    	
Title:
    	
Chief Operating Officer
    

 

Consent, Reaffirmation and Agreement

 

 

EXHIBIT A

 

Additional Heartland of Marion Land

 

Being Part of Outlot 731, Section 34, Township 5 South, Range 15 East, City of Marion, Marion County, State of Ohio; Being part of a tract now or formerly owned by Health Care & Retirement Corporation of America (O.R. 795 Pg. 690); and being more particularly described as follows;

 

Beginning at an existing 1” dia. iron pin located at the Northwest Corner of Lot 18221 in Adcare Subdivision (P.B. 13 pg. 5); thence N 1° 01’ 35” W (for basis of bearing, see Plat Book 13 Pg. 5, Marion County Recorder’s Office) for a distance of 15.00 feet to a 5/8” dia. iron pin set on a point of curve; thence Northeasterly along a curve to the right having a radius of 476.90 feet for an arc distance of 133.74 feet (chord N 7° 00’ 30” E 133.30 feet) to a 1” dia. iron pin set; thence N 88° 58’ 40” E for a distance of 506.37 feet to a 1” dia. iron pin set on Grantor’s East Line; thence along Grantor’s East Line S 1° 01’ 35” E for a distance of 147.00 feet to an existing 1” dia. iron pin on the North Line of said Lot 18221; thence along said North Line S 88° 58’ 40” W for a distance of 525.00 feet to an existing 1” dia. iron pin on the Northwest Corner of said Lot and the point of beginning.

 

Containing 1.753 acres more or less, and being subject to legal highways, easements, restrictions, and agreements of record. This description prepared from a survey performed by Thomas L. Boblenz, Registered Surveyor 5719, and dated September 12, 2011. All 5/8” & 1” dia. iron pins set have a plastic identity cap with the following caption, “TLB & Associates.”

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