Document:

EX 10.68.40 HRT Lease Termination Henderson

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    to 10-Q

    This
      instrument was prepared by:

    David
      J.
      White 

    Baker,
      Donelson, Bearman, 

    Caldwell
      & Berkowitz, P.C.

    211
      Commerce Street, Suite 1000

    Nashville,
      Tennessee 37201

    

     

    LEASE
      TERMINATION AGREEMENT

     

    THIS
      LEASE TERMINATION AGREEMENT
      (the
“Termination”) is dated as of March
      ___,
      2007,
      and effective at the Effective Time (as defined in Section
      1
      hereof),
      and is by and among HR
      ACQUISITION OF SAN ANTONIO, LTD.,
      an
      Alabama limited partnership (f/k/a Capstone Capital of San Antonio, Ltd. d/b/a
      Cahaba of San Antonio, Ltd.) (the “Landlord”), with an address of 3310 West End
      Avenue, Suite 700, Nashville, Tennessee 37203, and ESC
      IV, L.P. (d/b/a
      Texas-ESC IV, L.P.), a Washington limited partnership (the “Tenant”), with an
      address of 3131 Elliott Avenue, Suite 500, Seattle, Washington
      98121.

    

    PRELIMINARY
      STATEMENTS

     

    A. Pursuant
      to that certain Lease Agreement identified on Exhibit
      A
      attached
      hereto (the “Lease”), Tenant leased from Landlord the premises more particularly
      described as the “Leased Property” in the Lease (the “Premises”).

     

    B. In
      conjunction with the conveyance of the Premises by Landlord to Tenant, Landlord
      and Tenant wish to agree and consent to the termination of the Lease.

     

    TERMS

     

    NOW,
      THEREFORE,
      in
      consideration of the sum of Ten and No/100 Dollars ($10.00) and other good
      and
      valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, and the mutual promises contained in this Termination, the
      parties, intending to be legally bound, agree as follows:

     

    1. Landlord
      and Tenant hereby agree and consent to the termination of the Lease, effective
      as of ______ __.m. (Central Time) on the date hereof (the “Effective Time”);
      provided, however, that Tenant is not released from any liabilities, duties
      or
      obligations under the Lease that arose or accrued prior to the Effective Time,
      including, without limitation, the obligation, responsibility or liability
      for
      the payment to Landlord or any other person or entity for any losses,
      liabilities, damages, injuries, penalties, fines, costs, expenses, claims and
      other amounts of any and every kind whatsoever (including, without limitation,
      reasonable attorneys’ fees and expenses) that
      relate to (a) the Lease; (b) Tenant’s occupancy of the Premises or the
      improvements thereon; (c) the use
      or
      enjoyment of any appurtenances, easements, rights and privileges belonging
      to
      the Premises by Tenant or its invitees, officers,
      contractors, subcontractors, agents, representatives or employees;
      or (d)
causes
      of
      action, claims, suits, actions or other proceedings (i) pending at the Effective
      Time or (ii) filed or made at or after the Effective Time and relating to
events
      occurring or liabilities or obligations arising or accruing prior to the
      Effective Time.

    
      
        Kingsley
          Place of Henderson

        Henderson,
          Rusk County, Texas

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    2. Tenant
      hereby releases and forever discharges Landlord from all known or unknown causes
      of action, claims, suits, actions, demands or other proceedings of any kind
      that
      Tenant has as of the Effective Time or may have after the Effective Time on
      account of or in any way arising out of or related to the Lease or the
      Premises.

    

    3. This
      Termination shall be construed and interpreted in accordance with the laws
      of
      the State in which the Premises are located.

    

    4. This
      Termination shall inure to the benefit of the successors and assigns of the
      parties hereto.

    

    5. This
      Termination may be executed in any number of counterparts, each of which shall
      be deemed an original hereof and all of which together shall constitute but
      one
      Termination. In the event of any conflict between the terms of this Termination
      and the terms of the Lease, the terms of this Termination shall govern and
      shall
      be controlling.

     

    
      
        Kingsley
          Place of Henderson

        Henderson,
          Rusk County, Texas

        N
          MXP
          613028 v2

        2429630-000277
          3/12/2007

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      parties hereto have executed this instrument effective on the date set forth
      above.

     

    LANDLORD:

    

    HR
      ACQUISITION
      OF SAN ANTONIO,

    LTD.,
      an
      Alabama limited partnership

    

    By: Healthcare
      Acquisition of Texas, Inc., 

    an
      Alabama corporation

    its
      General Partner

    

    By: /s/
      John
      M.
      Bryant, Jr. 

    John
      M.
      Bryant, Jr.,

    Senior
      Vice President and General    Counsel

    
      
        Kingsley
          Place of Henderson

        Henderson,
          Rusk County, Texas

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    TENANT:

    

    ESC
      IV, L.P.,
      a

    Washington
      limited partnership

    

    By: ESC
      G.P.
      II, Inc., 

    a
      Washington corporation

    its
      General Partner

    

    By: /s/
      Eric
      Mendelsohn  

    Eric
      Mendelsohn,

    Authorized
      Signatory 

    
      
        Kingsley
          Place of Henderson

        Henderson,
          Rusk County, Texas

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    STATE
      OF
      TENNESSEE

    COUNTY
      OF
      DAVIDSON

    

    BEFORE
      ME, the undersigned authority, on this day personally appeared John M. Bryant,
      Jr., known to me to be the person whose name is subscribed to the foregoing
      instrument, and known to me to be the Senior Vice President and General Counsel
      of Healthcare Acquisition of Texas, Inc., an
      Alabama corporation and general partner of HR
      ACQUISITION OF SAN ANTONIO, LTD.,
      an
      Alabama limited partnership, and acknowledged to me that he executed said
      instrument for the purposes and consideration therein expressed, in the capacity
      therein stated and as the act and deed of said limited partnership.

     

    Given
      under my hand and seal of office this _14th_ day of March, 2007.

     

    

    /s/
      Ruth Anne Caruthers

    Name: Ruth
      Anne Caruthers  

    Notary
      Public, State of _Tennessee_

    My
      Commission Expires:  08/08/2010 

    

    [NOTARIAL
      SEAL]

    
      
        Kingsley
          Place of Henderson

        Henderson,
          Rusk County, Texas

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    STATE
      OF
      ___Washington_____

    COUNTY
      OF
      _King_____

    

    BEFORE
      ME, the undersigned authority, on this day personally appeared Eric Mendelsohn,
      known to me to be the person whose name is subscribed to the foregoing
      instrument, and known to me to be the Authorized Signatory of ESC G.P. II,
      Inc.,
      a Washington corporation and general partner of ESC
      IV, L.P.,
      a
      Washington limited partnership, and acknowledged to me that he executed said
      instrument for the purposes and consideration therein expressed, in the capacity
      therein stated and as the act and deed of said limited partnership.

     

    Given
      under my hand and seal of office this __14th_ day of March, 2007.

     

    

    /s/
      Nadia S. Reynolds   

    Name: Nadia
      S. Reynolds   

    Notary
      Public, State of __ Washington __

    My
      Commission Expires:  06/15/2010 

    

    [NOTARIAL
      SEAL]

    
      
        Kingsley
          Place of Henderson

        Henderson,
          Rusk County, Texas

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Exhibit
      A

    to
      Lease Termination

    

    Description
      of Lease

     

    Lease
      Agreement, dated as of December 31, 1996, by and between Capstone Capital of
      San
      Antonio, Ltd. (d/b/a Cahaba of San Antonio, Ltd.), as lessor, and Integrated
      Living Communities of Henderson, Inc., as lessee;

    

    as
      amended by First Amendment to Lease Agreement, dated as of December 1, 1997,
      by
      and between Capstone Capital of San Antonio, Ltd. (d/b/a Cahaba of San Antonio,
      Ltd.), and Integrated Living Communities of Henderson, Inc.;

    

    and
      as
      assigned by Assignment and Assumption Agreement, dated as of May 9, 2002, by
      and
      by among Capstone Capital of San Antonio, Ltd. (d/b/a Cahaba of San Antonio,
      Ltd.), Integrated Living Communities of Henderson, L.P. (successor-in-interest
      to Integrated Living Communities of Henderson, Inc.), HB-ESC V, L.P., and Daniel
      R. Baty;

    

    and
      as
      amended by Second Amendment to Lease Agreement, dated as of May 9, 2002, by
      and
      among Capstone Capital of San Antonio, Ltd. (d/b/a Cahaba of San Antonio, Ltd.),
      HB-ESC V, L.P., and Daniel R. Baty;

    

    and
      as
      assigned by Assignment and Assumption of Lease Agreement (With Consent), dated
      as of December 31, 2003, by and by among HR Acquisition of San Antonio, Ltd.
      (f/k/a Capstone Capital of San Antonio, Ltd. d/b/a Cahaba of San Antonio, Ltd.),
      HB-ESC V, L.P., ESC IV, L.P. (d/b/a Texas-ESC IV, L.P.), Emeritus Corporation,
      and Daniel R. Baty;

    

    and
      as
      amended by Third Amendment to Lease Agreement, dated as of June 30, 2005, by
      and
      among HR Acquisition of San Antonio, Ltd. (f/k/a Capstone Capital of San
      Antonio, Ltd.), ESC IV, L.P. (d/b/a Texas-ESC IV, L.P.), Emeritus Corporation,
      and Daniel R. Baty; and

    

    and
      as
      evidenced by a Short Form Memorandum and Assignment and Assumption of Lease
      and
      Right of First Refusal, dated as of May 9, 2002, by and between Integrated
      Living Communities of Henderson, L.P. (formerly Integrated Living Communities
      of
      Henderson, Inc.), and HB-ESC V, L.P., recorded at Volume 2322, Page 284 of
      the
      Real Property Records of Rusk County, Texas;

    

    and
      as
      subject to the Absolute Assignment of Rents and Leases, dated as of May 9,
      2002,
      by and between Capstone Capital of San Antonio, Ltd. d/b/a Cahaba of San
      Antonio, Ltd., and HB-ESC V, L.P., recorded at Volume 2322, Page 716 of the
      Real
      Property Records of Rusk County, Texas;

    

    and
      subject to the Absolute Assignment of Rents and Leases, dated as of December
      31,
      2003, by and between HR Acquisition of San Antonio, Ltd. (f/k/a Capstone Capital
      of San Antonio, Ltd. d/b/a Cahaba of San Antonio, Ltd.), and ESC IV, L.P. (d/b/a
      Texas-ESC 

    
      
        Kingsley
          Place of Henderson

        Henderson,
          Rusk County, Texas

         

        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IV,
      L.P.), recorded at Volume 2439, Page 505 of the Real Property Records of Rusk
      County, Texas;

    

    and
      as
      otherwise amended, modified, extended or assigned.

    
      
        Kingsley
          Place of Henderson

        Henderson,
          Rusk County, TexasEX 10.82.5 HCPI Master Lease Amendment no. 6

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    to 10-Q

    SIXTH
      AMENDMENT TO AMENDED AND RESTATED MASTER LEASE

     

     

    THIS
      SIXTH AMENDMENT TO AMENDED AND RESTATED MASTER LEASE (this “Amendment”) is dated
      as of March ___, 2007 (the “Effective Date”), and is among
      HEALTH CARE PROPERTY INVESTORS, INC., a Maryland corporation (“HCP”), HCPI
      TRUST, a Maryland real estate trust (“HCP Trust”), EMERITUS REALTY V, LLC, a
      Delaware limited liability company (“ER-V”), ESC-LA
      CASA GRANDE, LLC, a Delaware limited liability company
      (“La
      Casa Grande”) and TEXAS HCP HOLDING, L.P., a Delaware limited partnership
      (“Texas HCP,” and together with HCP, HCP Trust, ER-V and La Casa Grande,
“Lessor”), on the one hand, and EMERITUS CORPORATION, a Washington corporation
      (“Emeritus”), ESC III, L.P., a Washington limited partnership d/b/a TEXAS-ESC
      III, L.P. (“Texas ESC”), EMERITUS
      PROPERTIES II, INC.,
      a
      Washington corporation (“Emeritus II”), EMERITUS
      PROPERTIES III, INC.,
      a
      Washington corporation (“Emeritus III”), EMERITUS
      PROPERTIES V, INC.,
      a
      Washington corporation (“Emeritus V”), EMERITUS
      PROPERTIES XIV, LLC,
      a
      Washington limited liability company (“Emeritus XIV”), ESC-BOZEMAN,
      LLC,
      a
      Washington limited liability company (“ESC Bozeman”) and ESC-NEW
      PORT RICHEY, LLC,
      a
      Washington limited liability company (“ESC New Port Richey”) (collectively and
      jointly and severally, as “Lessee”), on
      the
      other hand, with respect to the following:

     

    RECITALS

     

    A. Lessor
      is
      the current “Lessor” and Lessee is the current “Lessee” pursuant to that certain
      Amended and Restated Master Lease dated as of September 18, 2002 (the “Original
      Master Lease”), as amended by that certain First Amendment to Amended and
      Restated Master Lease dated August 31, 2003 (the “First Amendment”), that
      certain Second Amendment to Amended and Restated Master Lease dated January
      26,
      2004 (the “Second Amendment”), that certain Third Amendment to Amended and
      Restated Master Lease dated April 22, 2004 (the “Third Amendment”), that certain
      Fourth Amendment to Amended and Restated Master Lease dated July 30, 2004 (the
      “Fourth Amendment”), and that certain Fifth Amendment to Amended and Restated
      Master Lease dated December 13, 2005 (the “Fifth Amendment,” and together with
      the First Amendment, Second Amendment, Third Amendment, Fourth Amendment and
      Fifth Amendment and the Original Master Lease, the “Master Lease”), covering the
      Leased Property of thirty-five (35) separate Alzheimer’s care, congregate care,
      assisted-living and/or skilled nursing care Facilities, all as more particularly
      described in the Master Lease. All capitalized terms used in this Amendment
      and
      not defined or modified herein shall have the meanings assigned to such terms
      in
      the Master Lease.

     

    B. The
      obligations of Lessee under the Lease are guaranteed pursuant to that certain
      Guaranty of Obligations dated as of July 28, 2004 (as amended and reaffirmed
      from time to time, the “Guaranty”), executed by Daniel R. Baty, an individual
      (“Guarantor”), in favor of Lessor, as “Owner.”

     

    C. Upon
      and
      subject to the terms of that certain Purchase and Sale Agreement and Joint
      Escrow Instructions dated as of March __, 2007 (as the same may be amended
      or
      modified from time to time in accordance with the terms thereof, the “SC
      Purchase Agreement”), between HCP Trust, as “Seller,” and Emeritus, as “Buyer,”
HCP Trust has agreed to sell to Emeritus and Emeritus has agreed to buy from
      HCP
      Trust, the Leased Property of the Easley, SC 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (Countryside)
      Facility, the Easley, SC (Summit Place) Facility and the Spartanburg, SC
      Facility (collectively, the “SC Purchased Facilities,” and each a “SC Purchased
      Facility”).

     

    D. In
      connection with the “Closing” of the transactions contemplated by the SC
      Purchase Agreement, and as a condition thereto, Lessor and Lessee desire to
      amend the Master Lease (i) to remove from the Leased Property thereof the Land,
      Leased Improvements, Related Rights, Fixtures, and Lessor’s Personal Property
      relating to each of the SC Purchased Facilities, (ii) to terminate the Lease
      with respect thereto (but not the Leased Property of any other Facility) and
      (iii) to amend the Master Lease in certain other particulars, all as more
      particularly set forth herein.

     

    AMENDMENT

     

    NOW,
      THEREFORE, in consideration of the foregoing and other good and valuable
      consideration, receipt of which is hereby acknowledged, the parties hereto
      hereby agree as follows:

     

    1. Amendment
      and Termination With Respect to the SC Purchased Facilities.
      As of
      the Effective Date, the Master Lease is hereby amended to remove all references
      to the SC Purchased Facilities, and each of them, and the Master Lease shall
      be
      terminated with respect to the Leased Property of each of the SC Purchased
      Facilities. The provisions of Section 5.2 of the Original Master Lease shall
      apply with respect to such termination of the Lease with respect to each of
      the
      SC Purchased Facilities. Notwithstanding the foregoing, the following
      obligations of Lessee under the Master Lease, shall be preserved and continue
      subsequent to the Effective Date:

     

    (a) Lessee
      shall remain responsible for and shall indemnify and hold Lessor harmless from
      and against any and all claims, liabilities, damages, actions and causes of
      action, costs and expenses, including reasonable attorneys’ fees, for which
      Lessee is responsible pursuant to the Master Lease with respect to the SC
      Purchased Facilities, and each of them, and which accrue or have accrued before
      the Effective Date; and

     

    (b) Lessee
      shall remain responsible for all obligations of the “Lessee” under the Master
      Lease which accrue or have accrued before the Effective Date until full and
      complete payment and/or performance of the same, including payment of all Rent
      with respect to the SC Purchased Facilities through the Effective
      Date.

     

    2. Cash
      Security Deposit.
      Lessor
      and Lessee acknowledge that as of February 1, 2007, Lessee had on deposit with
      Lessor pursuant to Article XXI of the Original Master Lease a Cash Security
      Deposit in the approximate amount of $5,554,524, of which approximately
      $1,401,195 was allocable to the SC Purchased Properties. In addition, as of
      February 22, 2007, the accrued and unpaid interest on such Cash Security Deposit
      was approximately $1,925,637. Notwithstanding anything to the contrary in
      Article XXI of the Original Master Lease, as amended to date, Lessor and Lessee
      agree as follows:

     

    (a) Upon
      the
      Closing under the SC Purchase Agreement, Lessee shall be entitled to cause
      Lessor to apply all or a portion of the sum of the following to the purchase
      price payable under the SC Purchase Agreement: (i) that portion of the Cash
      Security Deposit allocable to the SC Properties, plus (ii) all accrued and
      unpaid interest on the entire Cash Security 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    Deposit
      as of the Closing Date, plus (iii) up to an additional $1,158,000.00 of the
      Cash
      Security Deposit. 

     

    (b) 
      The
      amount of such additional portion of the current Cash Security Deposit which
      Lessee elects to apply towards the purchase price payable under the SC Purchase
      Agreement pursuant to clause (iii) of subsection (a) above and the SC Purchase
      Agreement shall be referred to herein as the “Security Amount Deficit.”
Commencing on the first (1st)
      day of
      the first full calendar month following the Closing under the SC Purchase
      Agreement, and on or before the first (1st)
      day of
      each calendar month thereafter, Lessee shall replenish the Security Amount
      Deficit by either depositing with Lessor one or more letters of credit or cash
      pursuant to Article XXI of the Original Master Lease in amount not less than
      $20,000 per month until the Security Amount Deficit is fully restored and Lessee
      has on deposit with Lessor either one or more letters of credit or a Cash
      Security Deposit in aggregate amount equal to the applicable Letter of Credit
      Amount for each Facility remaining subject to the terms of the Master Lease,
      as
      hereby amended. Lessor and Lessee acknowledge and agree that Lessee shall not
      be
      entitled to receive any accrued interest payable on any portion of the Cash
      Security Deposit pursuant to Article XXI of the Original Master Lease, as
      amended, until such time as the Security Amount Deficit is fully restored and
      Lessee has on deposit with Lessor either one or more letters of credit or a
      Cash
      Security Deposit in aggregate amount equal to the applicable Letter of Credit
      Amount for each Facility remaining subject to the terms of the Master Lease,
      as
      hereby amended, and all such accrued interest otherwise payable under the Master
      Lease on such Cash Security Deposit shall be retained by Lessor as part of
      the
      Cash Security Deposit. 

     

     

    (c) From
      and
      after the Effective Date, the phrase “at an annual rate equal to nine percent
      (9%)” appearing in Section 21.5 of the Original Master Lease shall be amended to
      read “at an annual rate equal to the
      Federal Funds Target Rate in effect from time to time.” For purposes of such
      Section 21.5 of the Original Master Lease, as hereby amended, “Federal Funds
      Target Rate” shall mean the applicable “target rate” or “intended federal funds
      rate” as announced from time to time by the Federal Open Markets Committee (or
      any successor thereto) (the “FOMC”) for overnight federal fund loans between
      depository institutions that are members of the Federal Reserve System of the
      United States, or if such “target rate” or “intended federal funds rate” ceases
      to be established or announced by the FOMC, such other comparable rate as
      reasonably selected by Lessor.

     

     3. Financial
      Statements.
      

     

    (a)In
      lieu
      of the financial reporting requirements set forth in Section 25.1.2(c) of the
      Original Master Lease, from and after the Effective Date of this Amendment,
      Lessee shall furnish to Lessor within forty-five (45) days after the end of
      each
      month from and after the Effective Date of this Amendment, all unaudited monthly
      financial reports for each Facility that Lessee produces for reporting purposes
      and detailed statements of income and detailed operational statistics regarding
      occupancy rates, patient and resident mix and patient and resident rates by
      type
      for each such Facility for each calendar month. Lessee agrees to provide updated
      unaudited Facility financial reports within (60) days of each calendar
      quarter-end and within (90) days of each year-end should any adjustments impact
      any Facility.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    (b) A
      new
      Section 25.3 is hereby added to the Original Master Lease to read in its
      entirety as follows:

     

    “25.3 Lessee’s
      Submission of Certificates/Statements in Electronic Format.
      Lessee
      shall be obligated to furnish Lessor with all certificates and statements
      required under this Article XXV by (i) delivery of printed copies of the same
      to
      Lessor at its address set forth in Article XXXIII below or any other address
      that Lessor may from time to time designate in writing and (ii) electronic
      delivery of the same to Lessor in Microsoft® Office Excel format (or such other
      format as Lessor may from time to time reasonably require) at any electronic
      mail address that Lessor may from time to time designate in
      writing.”

     

    4. Representations
      and Warranties of Lessee.
      As of
      the Effective Date hereof, each Lessee represents and warrants to the Lessor
      as
      follows:

     

    (a) Lessee
      is
      duly organized and validly existing under the laws of its state of
      organization/formation, is qualified to do business and in good standing in
      the
      State and has full power, authority and legal right to execute and deliver
      this
      Amendment and to perform and observe the provisions of this Amendment to be
      observed and/or performed by Lessee.

     

    (b) This
      Amendment has been duly authorized, executed and delivered by Lessee, and
      constitutes and will constitute the valid and binding obligations of Lessee
      enforceable against Lessee in accordance with its terms, except as such
      enforceability may be limited by creditors rights, laws and general principles
      of equity.

     

    (c) Lessee
      is
      solvent, has timely and accurately filed all tax returns required to be filed
      by
      Lessee, and is not in default in the payment of any taxes levied or assessed
      against Lessee or any of its assets, or subject to any judgment, order, decree,
      rule or regulation of any governmental authority which would, in each case
      or in
      the aggregate, adversely affect Lessee’s condition, financial or otherwise, or
      Lessee’s prospects or the Leased Property.

     

    (d) No
      consent, approval or other authorization of, or registration, declaration or
      filing with, any governmental authority is required for the due execution and
      delivery of this Amendment, or for the performance by or the validity or
      enforceability of this Amendment against Lessee.

     

    (e) The
      execution and delivery of this Amendment and compliance with the provisions
      hereof will not result in (i) a breach or violation of (A) any Legal Requirement
      applicable to Lessee or any Facility now in effect; (B) the organizational
      or
      charter documents of such party; (C) any judgment, order or decree of any
      governmental authority binding upon Lessee; or (D) any agreement or instrument
      to which Lessee is a counterparty or by which it is bound; or (ii) the
      acceleration of any obligation of Lessee.

     

    5. Reaffirmation
      of Master Lease.
      Lessor
      and Lessee hereby acknowledge, agree and reaffirm that the Master Lease, as
      hereby amended, is and the parties intend the same for all purposes to be
      treated as a single, integrated and indivisible agreement and economic unit.
      

     

    6. Full
      Force and Effect; Counterparts; Facsimile Signatures.
      Except
      as hereby amended, the Master Lease shall remain in full force and effect
      (including with respect to 

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    the
      Leased Property of the balance of the Facilities). This Amendment may be
      executed in any number of counterparts, all of which shall constitute one and
      the same instrument. Telecopied signatures may be used in place of original
      signatures on this Amendment, and Lessor and Lessee both intend to be bound
      by
      the signatures of the telecopied document.

     

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    IN
      WITNESS WHEREOF, the parties have caused this Amendment to be executed and
      attested by their respective officers, members or partners thereunto duly
      authorized.

     

    “LESSOR”

     

    HEALTH
      CARE PROPERTY INVESTORS, INC.,

     

    a
      Maryland corporation

     

    

     

    By: /s/
      Brian
      J. Maas

     

    Its: Senior
      Vice President

     

    

     

    HCPI
      TRUST,

     

    a
      Maryland real estate trust

     

    

     

    By: 
      /s/
      Brian J. Maas

     

    Its: Senior
      Vice President 

     

    TEXAS
      HCP
      HOLDING, L.P.,

     

    a
      Delaware limited partnership

     

    

     

    By: Texas
      HCP
      G.P., Inc.,

     

    a
      Delaware corporation,

     

    its
      general partner

     

    By:
      /s/
      Brian J. Maas

     

    Its:
      Senior Vice President

     

    EMERITUS
      REALTY V, LLC,

     

    a
      Delaware limited liability company

     

    

     

    By: Health
      Care Property Investors, Inc.,

     

    a
      Maryland corporation,

     

    its
      sole
      member

     

    By:
      /s/
      Brian J. Maas

     

    Its:
      Senior Vice President

     

    ESC-LA
      CASA GRANDE, LLC, a

     

    a
      Delaware limited liability company

     

    By: Health
      Care Property Investors, Inc.,

     

    a
      Maryland corporation,

     

    its
      sole
      member

     

    By:
      / s/
      Brian J. Maas

     

    Its:
      Senior Vice President

     

    
      
        
        

      

      
        S-1

        
          

        

      

      
        
        

      

    

    “LESSEE”

    

    EMERITUS
      CORPORATION,

    a
      Washington corporation

    

    By: /s/
      Eric
      Mendelsohn

    Its: Director
      of Real Estate and Legal Affairs

    

    ESC
      III,
      L.P.,

     

    a
      Washington limited partnership

     

    d.b.a.
      Texas - ESC III, L.P.

     

    By: ESC
      G.P.
      II, Inc.,

     

    a
      Washington corporation,

     

    its
      general partner

     

    By:
      /s/
      Eric Mendelsohn

    Its:
      Director of Real Estate and Legal Affairs

    

    EMERITUS
      PROPERTIES II, INC.,
      a
      Washington corporation 

     

    By: /s/
      Eric
      Mendelsohn

    Its: Director
      of Real Estate and Legal Affairs

    

    EMERITUS
      PROPERTIES III, INC.,
      a
      Washington corporation 

     

    By: /s/
      Eric
      Mendelsohn

    Its:
       Director
      of Real Estate and Legal Affairs

    

    EMERITUS
      PROPERTIES V, INC.,
      a
      Washington corporation

     

    By: /s/
      Eric
      Mendelsohn

    Its: Director
      of Real Estate and Legal Affairs

    

    EMERITUS
      PROPERTIES XIV, LLC,
      a
      Washington limited liability company 

     

    
      	 	
              By:

            	
              EMERITUS
                CORPORATION,

            

    

    a
      Washington corporation 

    

    By:
      /s/
      Eric Mendelsohn 

    Its:
      Director of Real Estate and Legal Affairs 

    

    
      
        
        

      

      
        S-2

        
          

        

      

      
        
        

      

    

    ESC-BOZEMAN,
      LLC,
      a
      Washington limited liability company 

     

    
      	 	
              By:

            	
              EMERITUS
                CORPORATION,

            

    

    a
      Washington corporation 

    

    By:
      /s/
      Eric Mendelsohn 

    Its: Director
      of Real Estate and Legal Affairs 

    

     

    ESC-NEW
      PORT RICHEY, LLC,
      a
      Washington limited liability company 

     

    
      	 	
              By:

            	
              EMERITUS
                CORPORATION,

            

    

    a
      Washington corporation 

    

    By:
      /s/
      Eric Mendelsohn 

    Its: Director
      of Real Estate and Legal Affairs 

    

    

    

    

    
      
        
        

      

      
        S-3

        
          

        

      

      
        
        

      

    

    CONSENT,
      REAFFIRMATION AND AGREEMENT OF GUARANTOR

     

    The
      undersigned Guarantor hereby (i) reaffirms all of its obligations under the
      Guaranty, (ii) consents to the foregoing Amendment, and (iii) agrees that the
      Guaranty as hereby reaffirmed, and shall extend to the Master Lease, as so
      amended.

     

    

     

    /s/
      Daniel R. Baty

    Daniel
      R.
      Baty, an individual

    

    
      
        
        

      

      
        S-4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]