Document:

EX-10.2

SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT 

AND ESCROW INSTRUCTIONS

THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS (“Second
Amendment”) is made and entered into as of this 4th day of May, 2011 by and between
BRYANT MOB MEDICAL COMPLEX, LLC, a Delaware limited liability company (“Seller”); and G&E
HC REIT II BRYANT MOB, LLC, a Delaware limited liability company, its successors and assigns
(“Buyer”).

Recitals

WHEREAS, Seller and Buyer are parties to that certain Purchase and Sale Agreement and Escrow
Instructions, dated as of April 20, 2011 (the “Original Purchase Agreement”), as amended by
a First Amendment To Purchase and Sale Agreement and Escrow Instructions dated April 29, 2011
(collectively, the “Purchase Agreement”);

WHEREAS, the Purchase Agreement automatically terminated on May 2, 2011 due to the failure of
Buyer to provide an Approval Notice pursuant to Section 3.5 of the Purchase Agreement; and

WHEREAS, Seller and Buyer desire to reinstate and further amend the Purchase Agreement as set
forth below;

Agreement

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and for other good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Seller and
Buyer hereby agree as follows:

1. Recitals. The recitals set forth above are true and correct and are hereby
incorporated in their entirety. Capitalized terms not otherwise defined herein shall have the
meanings attributed to them in the Purchase Agreement.

2. Due Diligence Period. Notwithstanding anything to the contrary contained in the
Purchase Agreement, the parties hereby acknowledge and agree that the definition of “Due
Diligence Period” set forth in Section 3.2 of the Purchase Agreement as “from the
Effective Date until May 2, 2011 (such period being the “Due Diligence Period”)” is hereby
deleted and replaced with “from the Effective Date until May 6, 2011 (such period being the
“Due Diligence Period”).” Notwithstanding anything to the contrary contained in the
Purchase Agreement, the parties shall cooperate using reasonable efforts to agree upon any matters
and/or documents contemplated under the Purchase Agreement to be agreed upon on or prior to the
expiration of the Due Diligence Period.

3. Title and Survey Objections. Notwithstanding anything to the contrary contained in
the Purchase Agreement, the parties hereby acknowledge and agree to the following:

(a) The first sentence of Section 3.5 of the Original Purchase Agreement shall be
deleted in its entirety and replaced with the following: “At any time on or before expiration of
the Due Diligence Period, Buyer shall have the right to approve or disapprove in Buyer’s sole and
absolute discretion, title and survey to the Property and zoning for the Property, by providing
written notice to Seller disapproving such matters for purposes of this Article 3
(“Disapproval Notice”).”

(b) Section 2.3 of the Original Purchase Agreement shall be deleted in its entirety
and replaced with the following:

“2.3 Seller’s Right to Cure Title Objections. On or before Thursday, May 5, 2011,
Seller shall notify Buyer in writing of Seller’s election to cure, at Seller’s sole expense, any
Title and Survey Objections received by Seller on or before May 2, 2011 or Seller’s election, in
its sole and absolute discretion, not to cure such Title and Survey Objections (“Seller’s Response
Notice”). Prior to giving notice of an election not to cure such Title and Survey Objections,
Seller will consult with Buyer in an attempt to resolve such Title and Survey Objections and if the
same is reasonably susceptible of being resolved, will cooperate with Buyer at no cost or expense
to Seller except for time in resolving such Title and Survey Objections. To the extent Buyer
provides any Title and Survey Objections on or after May 4, 2011, the Seller shall use its
reasonable efforts to provide Seller’s Response Notice with respect to said Title and Survey
Objections on or before noon Eastern time on Friday, May 6, 2011. If Seller notifies Buyer in
accordance with the preceding sentences that Seller is unable or unwilling to cure any of the Title
and Survey Objections, then Buyer may either terminate this Agreement (whereupon this Agreement
shall terminate and the parties shall have no further obligations to or recourse against each other
except for matters that expressly survive termination) or proceed to Closing and accept title to
the Property subject to the Title and Survey Objections (except as otherwise set forth in this
Agreement), without any abatement of the Purchase Price, or any liability or obligation on the part
of Seller by reason of such Title and Survey Objections, except as otherwise set forth in this
Agreement. If Buyer fails to notify Seller of its election to terminate before the expiration of
the Due Diligence Period, then Buyer shall be deemed to have waived such Title and Survey
Objections and the same, if any, shall be deemed acceptable to Buyer hereunder, except as otherwise
set forth in this Agreement.”

4. Schedule 4.1.10(a). The parties hereby agree that Schedule 4.1.10(a)
attached to this Second Amendment shall be added to the Original Purchase Agreement as Schedule
4.1.10(a) for all purposes thereof.

5. Reinstatement and Ratification. The parties hereby agree that the Purchase
Agreement is hereby reinstated and except as specifically herein amended, all terms, provisions,
conditions and exhibits contained in the Purchase Agreement are hereby confirmed, ratified and
restated and shall remain unmodified and in full force and effect. In the event that any provision
of this Second Amendment shall conflict with the terms, provisions, conditions, and exhibits of the
Purchase Agreement, the terms of this Second Amendment shall govern and control.

6. Counterparts; Signatures. This Second Amendment may be executed in any number of
counterparts and by each of the undersigned on separate counterparts, and each such counterpart
shall be deemed to be an original, but all such counterparts put together shall constitute but one
and the same Second Amendment. Signatures to this Second Amendment transmitted by .pdf, electronic
mail or other electronic means shall be treated as originals in all respects for purposes of this
Second Amendment.

7. Successors and Assigns. This Second Amendment shall be binding upon and shall
inure to the benefit of the parties hereto and their respective successors and assigns.

[Remainder of Page Intentionally Left Blank; Signatures Follow on Next Page]

1

IN WITNESS WHEREOF, the parties have executed this Second Amendment as of the date indicated
in the preamble above.

BUYER:

G&E HC REIT II BRYANT MOB, LLC,

a Delaware limited liability company

By: /s/ Danny Prosky

Name: Danny Prosky

Its: Authorized Signatory

SELLER:

	 
	BRYANT MOB MEDICAL COMPLEX, LLC,

a Delaware limited liability company

	By its Manager:

	Landmark Healthcare Properties Fund, LLC, a Delaware series limited liability

company, on behalf of its Bryant MOB Series

	By its sole Member:

	Landmark Healthcare Companies LLC, a Delaware limited liability company

	By: /s/ Nicholas F. Checota

	Nicholas F. Checota

President

[Signature page to Second Amendment to Purchase and Sale Agreement and Escrow Instructions]

2EX-10.3

SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT 

AND ESCROW INSTRUCTIONS

THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS (“Second
Amendment”) is made and entered into as of this 4th day of May, 2011 by and between
HOME HEALTH MEDICAL COMPLEX, LLC, a Delaware limited liability company (“Seller”); and G&E
HC REIT II BENTON HOME HEALTH MOB, LLC, a Delaware limited liability company, its successors and
assigns (“Buyer”).

Recitals

WHEREAS, Seller and Buyer are parties to that certain Purchase and Sale Agreement and Escrow
Instructions, dated as of April 20, 2011 (the “Original Purchase Agreement”), as amended by
a First Amendment to Purchase and Sale Agreement and Escrow Instructions dated April 29, 2011
(collectively, the “Purchase Agreement);

WHEREAS, the Purchase Agreement automatically terminated on May 2, 2011 due to the failure of
Buyer to provide an Approval Notice pursuant to Section 3.5 of the Purchase Agreement; and

WHEREAS, Seller and Buyer desire to reinstate and further amend the Purchase Agreement as set
forth below;

Agreement

NOW, THEREFORE, in consideration of the mutual covenants contained herein, and for other good
and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Seller and
Buyer hereby agree as follows:

1. Recitals. The recitals set forth above are true and correct and are hereby
incorporated in their entirety. Capitalized terms not otherwise defined herein shall have the
meanings attributed to them in the Purchase Agreement.

2. Due Diligence Period. Notwithstanding anything to the contrary contained in the
Purchase Agreement, the parties hereby acknowledge and agree that the definition of “Due
Diligence Period” set forth in Section 3.2 of the Purchase Agreement as “from the
Effective Date until May 2, 2011 (such period being the “Due Diligence Period”)” is hereby
deleted and replaced with “from the Effective Date until May 6, 2011 (such period being the
“Due Diligence Period”)”. Notwithstanding anything to the contrary contained in the
Purchase Agreement, the parties shall cooperate using reasonable efforts to agree upon any matters
and/or documents contemplated under the Purchase Agreement to be agreed upon on or prior to the
expiration of the Due Diligence Period.

3. Title and Survey Objections. Notwithstanding anything to the contrary contained in
the Purchase Agreement, the parties hereby acknowledge and agree to the following:

(a) The first sentence of Section 3.5 of the Original Purchase Agreement shall be
deleted in its entirety and replaced with the following: “At any time on or before expiration of
the Due Diligence Period, Buyer shall have the right to approve or disapprove in Buyer’s sole and
absolute discretion, title and survey to the Property and zoning for the Property, by providing
written notice to Seller disapproving such matters for purposes of this Article 3
(“Disapproval Notice”).”

(b) Section 2.3 of the Original Purchase Agreement shall be deleted in its entirety
and replaced with the following:

“2.3 Seller’s Right to Cure Title Objections. On or before Thursday, May 5, 2011,
Seller shall notify Buyer in writing of Seller’s election to cure, at Seller’s sole expense, any
Title and Survey Objections received by Seller on or before May 2, 2011 or Seller’s election, in
its sole and absolute discretion, not to cure such Title and Survey Objections (“Seller’s Response
Notice”). Prior to giving notice of an election not to cure such Title and Survey Objections,
Seller will consult with Buyer in an attempt to resolve such Title and Survey Objections and if the
same is reasonably susceptible of being resolved, will cooperate with Buyer at no cost or expense
to Seller except for time in resolving such Title and Survey Objections. To the extent Buyer
provides any Title and Survey Objections on or after May 4, 2011, the Seller shall use its
reasonable efforts to provide Seller’s Response Notice with respect to said Title and Survey
Objections on or before noon Eastern time on Friday, May 6, 2011. If Seller notifies Buyer in
accordance with the preceding sentences that Seller is unable or unwilling to cure any of the Title
and Survey Objections, then Buyer may either terminate this Agreement (whereupon this Agreement
shall terminate and the parties shall have no further obligations to or recourse against each other
except for matters that expressly survive termination) or proceed to Closing and accept title to
the Property subject to the Title and Survey Objections (except as otherwise set forth in this
Agreement), without any abatement of the Purchase Price, or any liability or obligation on the part
of Seller by reason of such Title and Survey Objections, except as otherwise set forth in this
Agreement. If Buyer fails to notify Seller of its election to terminate before the expiration of
the Due Diligence Period, then Buyer shall be deemed to have waived such Title and Survey
Objections and the same, if any, shall be deemed acceptable to Buyer hereunder, except as otherwise
set forth in this Agreement.”

4. Ground Lease Estoppel. The parties hereby acknowledge and agree that Exhibit
I to the Original Purchase Agreement shall be deleted in its entirety and replaced with
Exhibit A attached to this Second Amendment for all purposes of the Purchase Agreement,
including, without limitation, Section 5.4.4 of Original Purchase Agreement, as modified
hereby. The second sentence of Section 5.4.4 of the Original Purchase Agreement shall be deleted
in its entirety and replaced with the following: “The Ground Lease Estoppel shall be in a form
substantially similar to Exhibit “I” attached hereto.”

5. Easement Estoppel. Notwithstanding anything to the contrary contained in the
Purchase Agreement, the parties acknowledge and agree that the first sentence of Section 5.4.3
thereof shall be deleted in its entirety and replaced with the following:

“5.4.3 No later than three (3) Business Days prior to the Closing Date, the Seller shall have
obtained an estoppel certificate (the “Estoppel Certificate”) in the form substantially similar to
the form attached hereto as Exhibit D executed by Saline County, Arkansas.”

The parties hereby acknowledge and agree that Exhibit D to the Purchase Agreement shall be
deleted in its entirety and replaced with Exhibit B attached to this Second Amendment for
all purposes of the Purchase Agreement, including, without limitation, Section 5.4.3
thereof, as modified hereby.

6. Schedule 4.1.10(a). The parties hereby agree that Schedule 4.1.10(a)
attached to this Second Amendment shall be added to the Original Purchase Agreement as Schedule
4.1.10(a) for all purposes thereof.

7. Reinstatement and Ratification. The parties hereby agree that the Purchase
Agreement is hereby reinstated and except as specifically herein amended, all terms, provisions,
conditions and exhibits contained in the Purchase Agreement are hereby confirmed, ratified and
restated and shall remain unmodified and in full force and effect. In the event that any provision
of this Second Amendment shall conflict with the terms, provisions, conditions, and exhibits of the
Purchase Agreement, the terms of this Second Amendment shall govern and control.

8. Counterparts; Signatures. This Second Amendment may be executed in any number of
counterparts and by each of the undersigned on separate counterparts, and each such counterpart
shall be deemed to be an original, but all such counterparts put together shall constitute but one
and the same Second Amendment. Signatures to this Second Amendment transmitted by .pdf, electronic
mail or other electronic means shall be treated as originals in all respects for purposes of this
Second Amendment.

9. Successors and Assigns. This Second Amendment shall be binding upon and shall
inure to the benefit of the parties hereto and their respective successors and assigns.

[Remainder of Page Intentionally Left Blank; Signatures Follow on Next Page]

1

IN WITNESS WHEREOF, the parties have executed this Second Amendment as of the date indicated
in the preamble above.

BUYER:

G&E HC REIT II BENTON HOME HEALTH MOB, LLC,

a Delaware limited liability company

By: /s/ Danny Prosky

Name: Danny Prosky

Its: Authorized Signatory

SELLER:

	 
	HOME HEALTH MEDICAL COMPLEX, LLC,

a Delaware limited liability company

	By its Manager:

	Landmark Healthcare Properties Fund, LLC, a Delaware series limited liability

company, on behalf of its Home Health Series

	By its sole Member:

	Landmark Healthcare Companies LLC, a Delaware limited liability company

	By: /s/ Nicholas F. Checota

	Nicholas F. Checota

President

[Signature page to Second Amendment to Purchase and Sale Agreement and Escrow Instructions]

2

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