Document:

Exhibit 10.8

 

 

AMENDED AND RESTATED PLEDGE OF SHARES OF BENEFICIAL INTEREST AGREEMENT

THIS AMENDED AND RESTATED PLEDGE OF SHARES OF BENEFICIAL INTEREST AGREEMENT (this “Agreement”) is made and given as of May 6, 2005 by FSQ, INC., a Delaware corporation (the “Pledgor”), for the benefit of the parties identified as the Secured Parties on the signature page hereof (together with their respective successors and assigns, collectively, the “Secured Parties”).

W I T N E S S E T H:

WHEREAS, the Secured Parties and Five Star Quality Care Trust, a Maryland business trust (the “Tenant”), entered into that certain Second Amended and Restated Lease, dated as of November 19, 2004 (the “Second Amended Lease”), pursuant to which the Secured Parties lease to the Tenant and the Tenant leases from the Secured Parties certain properties as more particularly described in the Second Amended Lease; and 

WHEREAS, pursuant to the Second Amended Lease, Five Star Quality Care, Inc., a Maryland corporation which is the parent of the Tenant’s parent (the “Guarantor”), executed certain Guaranty Agreements dated as of December 31, 2001 and October 25, 2002, as the same have been confirmed from time to time (as so confirmed, collectively, the “Guaranty”) for the benefit of certain of the Secured Parties, pursuant to which the Guarantor guarantees all of the payment and performance obligations of the Tenant with respect to the Second Amended Lease; and

WHEREAS, pursuant to the Second Amended Lease, the Guarantor entered into that certain Pledge of Shares of Beneficial Interest Agreement dated as of December 31, 2001, as the same has been confirmed from time to time (as so confirmed, the “Original Pledge Agreement”), pursuant to which the Guarantor pledged all of the shares of beneficial interest in the Tenant to certain of the Secured Parties as security for the payment and performance of (i) all of the obligations of the Tenant to the Secured Parties with respect to the Second Amended Lease and other related documents and (ii) all of the obligations of the Guarantor to the Secured Parties with respect to the Guaranty and other related documents; and

WHEREAS, the Pledgor currently owns all of the outstanding shares of beneficial interest in the Tenant and is a wholly-owned subsidiary of the Guarantor; and

 

 

 

 

 

 

WHEREAS, the Pledgor and the Secured Parties wish to amend and restate the Original Pledge Agreement to reflect the current ownership of the Tenant, subject to and upon the terms and conditions herein set forth;

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the mutual receipt and legal sufficiency of which are hereby acknowledged, the Pledgor and the Secured Parties agree that the Original Pledge Agreement is hereby amended and restated, effective as of the date hereof, to read as follows:

Section 1.  Certain Terms.  Capitalized terms used and not otherwise defined in this Agreement shall have the meanings ascribed to such terms in the Second Amended Lease.  The Second Amended Lease, the Incidental Documents and the Guaranty are herein collectively referred to as the “Transaction Documents.”

Section 2.  Pledge.  The Pledgor hereby pledges to the Secured Parties all of the shares of beneficial interest in the Tenant (the “Pledged Shares”) listed in Exhibit A attached hereto and all other shares of beneficial interest in the Tenant in which the Pledgor may have rights from time to time and any other securities or other investment property and other collateral of the Pledgor now owned or hereafter acquired which under this Agreement are required to be pledged to the Secured Parties, and in each case, all certificates representing such Pledged Shares or other investment property or collateral, and all rights, options, warrants, stock or other securities or other property which may
hereafter be received, receivable or distributed in respect of the Pledged Shares, together with all proceeds of the foregoing, including, without limitation, all dividends, cash, notes, securities or other property from time to time acquired, receivable or otherwise distributed in respect of, or in exchange for, the foregoing, (the Pledged Shares and any additional securities or collateral pledged hereunder, collectively, the “Pledged Collateral”), and the Pledgor hereby grants to the Secured Parties a security interest in all of the Pledged Collateral and the proceeds thereof as security for the due and punctual payment and performance of the Secured Obligations (as hereinafter defined).

The Pledgor has delivered to and deposited with the Secured Parties any and all certificates or other instruments representing the Pledged Collateral and undated trust share powers endorsed in blank, as security for the payment and performance of all of the Secured Obligations.  If in the future 

 

	
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the Pledgor possesses or controls any other certificates or other instruments representing the Pledged Collateral, the Pledgor shall immediately and without notice deliver the same to the Secured Parties together with undated trust share powers endorsed in blank, as security for the payment and performance of all of the Secured Obligations.

Section 3.  Secured Obligations.  For purposes of this Agreement, the term “Secured Obligations” shall mean the payment and performance of each and every obligation of the Tenant and the Guarantor under the Transaction Documents or relating thereto, whether now existing or hereafter arising, and including, without limitation, the payment of the full amount of the Rent payable under the Second Amended Lease.

Section 4.  Representations of the Pledgor.  The Pledgor covenants that the Pledged Shares are duly and validly pledged to the Secured Parties in accordance with law and the Pledgor shall warrant and defend the Secured Parties’ right, title and security interest in and to the Pledged Shares against the claims and demands of all persons whomsoever.  The Pledgor represents and warrants to the Secured Parties that the Pledgor has good and marketable title to all the Pledged Shares, free and clear of all claims, mortgages, pledges, liens, security interests and other encumbrances of every nature whatsoever; that the Pledged Shares are not subject to any restriction on transfer contained in the Declaration of Trust or any other charter documents of the Tenant or in any agreement or instrument to
which the Tenant or the Pledgor is a party or by which the Tenant or the Pledgor is bound which would prohibit or restrict the pledge of the Pledged Shares hereunder or the disposition thereof upon default hereunder; that all of the Pledged Shares have been duly and validly issued and are fully paid for and nonassessable; and that the Pledged Shares constitute all of the presently issued and outstanding shares of the beneficial interests of the Tenant.

Section 5.  Covenants of the Pledgor.  The Pledgor hereby covenants and agrees that it shall not sell, convey or otherwise dispose of any of the Pledged Collateral nor create, incur or permit to exist any pledge, mortgage, lien, charge, encumbrance or any security interest whatsoever with respect to any of the Pledged Collateral or the proceeds thereof, other than the liens on and security interests in the Pledged Collateral created hereby.  The Pledgor further covenants and agrees that it shall not consent to or approve the issuance of any additional shares of beneficial interest in the Tenant.  The Pledgor further 

 

	
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covenants and agrees that, until the Secured Obligations are paid in full, the Pledgor shall not change the state of its incorporation or its corporate name without providing the Secured Parties with thirty (30) days’ prior written notice and making all filings and taking all such other actions as the Secured Party determines are necessary or appropriate to continue or perfect the security interest granted hereunder.

Section 6.  Filing of financing statements etc.  The Pledgor authorizes the Secured Parties to file from time to time one or more financing statements describing the Pledged Collateral.  The Pledgor will cooperate with the Secured Parties at their request from time to time in obtaining control agreements in form and substance reasonably satisfactory to the Secured Parties with respect to any collateral investment property, deposit accounts, or other Pledged Collateral as to which the Secured Parties determine such agreements are necessary or appropriate to perfect the security interest granted hereunder.

Section 7.  Distributions, Etc.  Upon the dissolution, winding up, liquidation or reorganization of the Tenant, whether in bankruptcy, insolvency or receivership proceedings or upon an assignment for the benefit of creditors or any other marshalling of the assets and liabilities of the Tenant, if any sum shall be paid or any property shall be distributed upon or with respect to any of the Pledged Collateral, such sum shall be paid over to the Secured Parties, to be held as collateral security for the Secured Obligations.  If any dividend shall be declared on any of the Pledged Collateral (excluding cash dividends), or any share of beneficial interest or fraction thereof shall be issued pursuant to any split of beneficial interests involving any of the Pledged Collateral, or any distribution of
capital shall be made on any of the Pledged Collateral, or any property shall be distributed upon or with respect to the Pledged Collateral pursuant to recapitalization or reclassification of the capital of the Tenant, the shares or other property so distributed shall be delivered to the Secured Parties to be held as collateral security for the Secured Obligations.

Section 8.  Event of Default.  For purposes of this Agreement, the term “Event of Default” shall mean (a) the occurrence of an Event of Default under the Transaction Documents; (b) the failure of the Guarantor to comply with any of its covenants or obligations under the Guaranty and the continuation thereof for a period of ten (10) Business Days after written notice thereof; (c) the failure of the Pledgor to 

 

	
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comply with any of its covenants or obligations under this Agreement and the continuation thereof for a period of ten (10) Business Days after written notice thereof; or (d) any representation or warranty contained herein or made by the Pledgor in connection herewith shall prove to have been false or misleading in any material respect when made.

Section 9.  Remedies.  (a) Upon the occurrence and during the continuance of an Event of Default, the Secured Parties may cause all or any of the Pledged Collateral to be transferred into its name or into the name of its nominee or nominees, subject to the provisions of the Uniform Commercial Code or other applicable law.

(b)  Upon the occurrence and during the continuance of an Event of Default, the Secured Parties shall be entitled to exercise the voting power with respect to the Pledged Collateral, to receive and retain, as collateral security for the Secured Obligations, any and all dividends or other distributions at any time and from time to time declared or made upon any of the Pledged Collateral, and to exercise any and all such rights of payment, conversion, exchange, subscription or any other rights, privileges or options pertaining to the Pledged Collateral as if it were the absolute owner thereof, including, without limitation, all such rights under the Declaration of Trust or any other charter document of the Tenant, and further including, without limitation, the right to exchange, at its discretion, any and all of the Pledged Collateral upon the merger, consolidation, reorganization,
recapitalization or other readjustment of the Tenant, upon the exercise of any such right, privilege or option pertaining to the Pledged Collateral, and in connection therewith, to deposit and deliver any and all of the Pledged Collateral with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as the Secured Parties may determine.

(c)  Upon the occurrence and during the continuance of an Event of Default, the Secured Parties shall have all of the rights and remedies of a secured party under the Uniform Commercial Code or other applicable law and shall have the right to sell, resell, assign and deliver all or any of the Pledged Collateral in one or more parcels at any exchange or broker’s board or at public or private sale.  The Secured Parties shall give the Pledgor at least ten (10) days’ prior written notice of the time and place of any public sale thereof or of the time after which any private sale or any other intended disposition 

 

	
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thereof is to be made.  Any such notice shall be deemed to meet any requirement hereunder or under any applicable law (including the Uniform Commercial Code) that reasonable notification be given of the time and place of such sale or other disposition.  Such notice may be given without any demand of performance or other demand, all such demands being hereby expressly waived by the Pledgor to the extent permitted by applicable law.  All such sales shall be at such commercially reasonable price or prices as the Secured Parties shall deem best and either for cash or on credit or for future delivery (without assuming any responsibility for credit risk).  At any such sale or sales, the Secured Parties may purchase any or all of the Pledged Collateral to be sold thereat upon such terms as the Secured Parties may deem best.  Upon any such sale or sales, the Pledged Collateral so purchased shall be held by the
purchaser absolutely free from any claims or rights of any kind or nature of the Pledgor, including any equity of redemption and any similar rights, all such equity of redemption and any similar rights being hereby expressly waived and released by the Pledgor to the extent permitted by applicable law.  In the event any consent, approval or authorization of any governmental agency will be necessary to effectuate any such sale or sales, the Pledgor shall execute, and hereby agrees to cause the Tenant to execute, all such applications or other instruments as may be required.  The proceeds of any such sale or sales, together with any other additional collateral security at the time received and held hereunder, shall be received and applied:  first, to the payment of all costs and expenses of such sale, including attorneys’ fees; and second, to the payment of the Secured Obligations in such
order of priority as the Secured Parties shall determine; and any surplus thereafter remaining shall be paid to the Pledgor or to whomever may be legally entitled thereto (including, if applicable, any subordinated creditor of the Pledgor).

The Pledgor recognizes that the Secured Parties may be unable to effect a public sale of all or a part of the Pledged Collateral by reason of certain prohibitions contained in the Securities Act of 1933, and may be compelled to resort to one or more private sales to a restricted group of purchasers who will be obliged to agree, among other things, to acquire such Pledged Collateral for their own accounts, for investment and not with a view to the distribution or resale thereof.  The Pledgor agrees that private sales so made may be at prices and upon other terms less favorable to the seller than if such Pledged Collateral were sold at public sales, and that the Secured Parties shall have no obligation to delay sale of any such Pledged Collateral 

 

	
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for the period of time necessary to permit such Pledged Collateral to be registered for public sale under the Securities Act of 1933.  The Pledgor agrees that private sales made under the foregoing circumstances may be deemed to have been made in a commercially reasonable manner.  Nothing herein shall be deemed to require the Pledgor to effect a registration of the Pledged Collateral under the Securities Act of 1933.

(d)  Upon the occurrence and during the continuance of any Event of Default, the Secured Parties, in their discretion, may demand, sue for and/or collect any money or property at any time due, payable or receivable, to which it may be entitled hereunder, on account of or in exchange for any of the Pledged Collateral.  Upon the occurrence and during the continuance of any Event of Default, the Secured Parties shall further have the right, for and in the name, place and stead of the Pledgor, to execute endorsements, assignments, or other instruments of conveyance or transfer with respect to all or any of the Pledged Collateral.

(e)  The Secured Parties shall not be obligated to do any of the acts hereinabove authorized and in the event that the Secured Parties elect to do any such act, the Secured Parties shall not be responsible to the Pledgor, other than for gross negligence or willful misconduct.

(f)  The Secured Parties shall have no obligation to marshal any assets in favor of the Pledgor, or against or in payment of the Secured Obligations or any other obligation owed to the Secured Parties by the Pledgor or any other person.

Section 10.  Rights of Secured Parties.  No course of dealing between the Pledgor and the Secured Parties nor any failure to exercise, nor any delay in exercising, on the part of the Secured Parties, any right, power or privilege hereunder or under any of the Secured Obligations, shall operate as a waiver thereof; nor shall any single or partial exercise of any right, power or privilege hereunder or thereunder preclude any other or further exercise thereof or the exercise of any other right, power or privilege.  The rights and remedies herein provided and provided under any of the Secured Obligations are cumulative and are in addition to, and not exclusive of, any rights or remedies provided by law, including, without limitation, the rights and remedies of a Secured Parties under the Uniform Commercial Code.

Section 11.  Assignment, Etc.  No waiver by the Secured Parties or by any other holder of Secured Obligations of any 

 

	
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default shall be effective unless in writing nor operate as a waiver of any other default or of the same default on a future occasion.  In the event of a sale or assignment by any Secured Party of its interest under the Transaction Documents, such Secured Party may assign or transfer its rights and interest under this Agreement in whole or in part to the purchaser or assignee of such interest, whereupon such purchaser or purchasers shall become vested with all of the powers and rights given to such Secured Party hereunder, and such Secured Party shall thereafter be forever released and fully discharged from any liability or responsibility thereafter arising hereunder with respect to the rights and interests so assigned.

Section 12.  Duty of Secured Parties.  Beyond the exercise of reasonable care to assure the safe custody of the Pledged Collateral while held hereunder, the Secured Parties shall have no duty or liability to collect any sums due in respect thereof or to protect or preserve rights pertaining thereto, and shall be relieved of all responsibility for the Pledged Collateral upon surrendering the same to the Pledgor.

Section 13.  Waivers, Etc.  To the extent permitted by applicable law, the Pledgor, on its own behalf and on behalf of its successors and assigns, hereby waives presentment, demand, payment, notice of dishonor, protest and, except as otherwise provided herein, all other demands and notices in connection with this Agreement or the enforcement of the rights of the Secured Parties hereunder or in connection with any Secured Obligations.  The Secured Parties may release, supersede, exchange or modify any collateral security it may from time to time hold and release, surrender or modify the liability of any third party without giving notice hereunder to the Pledgor.  The Secured Parties shall be under no duty to exhaust its rights against any such collateral security or any such third party before
realizing on the Pledged Collateral.  Such modifications, changes, renewals, releases or other actions shall in no way affect the Pledgor’s obligations hereunder.

The Pledgor further waives any right it may have under the Constitution of the Commonwealth of Massachusetts (or under the constitution of any other state in which the any of the Pledged Collateral may be located), or under the Constitution of the United States of America, to notice (except for notice specifically required hereby) or to a judicial hearing prior to the exercise of any right or remedy provided by this Agreement to the Secured Parties, and waives its rights, if any, to set aside or invalidate any sale duly consummated in accordance with 

 

	
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the foregoing provisions hereof on the grounds (if such be the case) that the sale was consummated without a prior judicial hearing.  THE PLEDGOR’S WAIVERS UNDER THIS SECTION 13 HAVE BEEN MADE VOLUNTARILY, INTELLIGENTLY AND KNOWINGLY AND AFTER THE PLEDGOR HAS BEEN APPRISED AND COUNSELED BY ITS ATTORNEYS AS TO THE NATURE THEREOF AND ITS POSSIBLE ALTERNATIVE RIGHTS.

Section 14.  Further Assurances as to Collateral; Attorney-in-Fact.  From time to time hereafter, the Pledgor shall execute and deliver, or will cause to be executed and delivered, such additional instruments, certificates or documents (including, without limitation, financing statements, renewal statements, collateral assignments and other security documents), and shall take all such actions, as the Secured Parties may reasonably request, for the purposes of implementing or effectuating the provisions of this Agreement or of more fully perfecting or renewing the Secured Parties’ rights with respect to the Pledged Collateral (or with respect to any additions thereto or replacements or proceeds thereof or with respect to any other property or assets hereafter acquired by the Pledgor which may
be deemed to be a part of the Pledged Collateral) pursuant hereto and thereto.  The Secured Parties are hereby appointed the attorney-in-fact, with full power of substitution, of the Pledgor for the purpose of carrying out the provisions of this Agreement and taking any action, including, without limitation, executing, delivering and filing applications, certificates, instruments and other documents and papers with governmental authorities, and executing any instruments, including without limitation, assignments, conveyances and transfers which are required to be taken or executed by the Pledgor under this Agreement, on its behalf and in its name which appointment is coupled with an interest, is irrevocable and durable and shall survive the subsequent dissolution, disability or incapacity of the Pledgor.

Section 15.  Notices.  (a) Any and all notices, demands, consents, approvals, offers, elections and other communications required or permitted under this Agreement shall be deemed adequately given if in writing and the same shall be delivered either in hand, by telecopier with electronic confirmation of receipt, or by mail or Federal Express or similar expedited commercial carrier, addressed to the recipient of the notice, postpaid and registered or certified with return receipt requested (if by mail), or with all freight charges prepaid (if by Federal Express or similar carrier).

 

 

	
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(b)  All notices required or permitted to be sent hereunder shall be deemed to have been given for all purposes of this Agreement upon the date of electronic confirmation of receipt, in the case of a notice by telecopier, and, in all other cases, upon the date of receipt or refusal, except that whenever under this Agreement a notice is either received on a day which is not a Business Day or is required to be delivered on or before a specific day which is not a Business Day, the day of receipt or required delivery shall automatically be extended to the next Business Day.

(c)  All such notices shall be addressed,

if to the Secured Parties to:

 

c/o Senior Housing Properties Trust 

400 Centre Street

Newton, Massachusetts  02458

Attn:  Mr. David J. Hegarty

[Telecopier No. (617) 796-8349]

 

if to the Pledgor to:

c/o Five Star Quality Care, Inc.

400 Centre Street

Newton, Massachusetts  02458

Attn:  Mr. Evrett W. Benton

[Telecopier No. (617) 332-2261]

(d)  By notice given as herein provided, the parties hereto and their respective successor and assigns shall have the right from time to time and at any time during the term of this Agreement to change their respective addresses effective upon receipt by the other parties of such notice and each shall have the right to specify as its address any other address within the United States of America or to such other address as the party to whom such notice is directed may have designated in writing to the other parties hereto.

Section 16.  Successors and Assigns.  This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, and the term “Secured Parties” shall be deemed to include any other holder or holders of any of the Secured Obligations.  Where the context so permits or requires, terms defined herein in the singular number shall include the plural, and in the plural number, the singular.  This Agreement may be executed in any number of 

 

	
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counterparts and by the different parties on separate counterparts, each of which, when so executed and delivered, shall be an original and all of which shall together constitute one and the same agreement.

Section 17.  Appointment of Agent for Secured Parties.  Each of the Secured Parties hereby appoints SPTMNR Properties Trust as its agent for the following purposes under this Agreement (including, without limitation, the full power and authority to act of the Secured Parties’ behalf for such purposes): (i) to give or receive notices, demands, claims and other communications on behalf of the Secured Parties under this Agreement and (ii) to receive and hold any and all certificates or other instruments representing the Pledged Collateral which are to be delivered from time to time by the Pledgor to the Secured Parties in accordance with the terms and conditions of this Agreement.

Section 18.  Reinstatement.  This Agreement shall continue to be effective, or be reinstated, as the case may be, if at any time any amount received by the Secured Parties in respect of the Pledged Collateral is rescinded or must otherwise be restored or returned by the Secured Parties upon the insolvency, bankruptcy, dissolution, liquidation or reorganization of the Pledgor or upon the appointment of any intervenor or conservator of, or trustee or similar official for the Pledgor or any substantial part of its or property, or otherwise, all as though such payments had not been made.

Section 19.  Restrictions on Transfer.  To the extent that any restrictions imposed by the Declaration of Trust or any other charter documents of the Tenant or any other document or instrument would in any way affect or impair the pledge of the Pledged Collateral hereunder or the exercise by the Secured Parties of any right granted hereunder including, without limitation, the right of the Secured Parties to dispose of the Pledged Collateral upon the occurrence of any Event of Default, the Pledgor hereby waives such restrictions, and the Pledgor hereby agrees that it will take any action which the Secured Parties may reasonably request in order that the Secured Parties may obtain and enjoy the full rights and benefits granted to the Secured Parties by this Agreement free of any such restrictions.

Section 20.  Applicable Law.  This Agreement and any other instruments executed and delivered to evidence, complete or perfect the transactions contemplated hereby and thereby shall be interpreted, construed, applied and enforced in accordance 

 

	
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with the laws of the Commonwealth of Massachusetts applicable to contracts between residents of Massachusetts which are to be performed entirely within Massachusetts regardless of (i) where any such instrument is executed or delivered; or (ii) where any payment or other performance required by any such instrument is made or required to be made; or (iii) where any breach of any provision of any such instrument occurs, or any cause of action otherwise accrues; or (iv) where any action or other proceeding is instituted or pending; or (v) the nationality, citizenship, domicile, principal place of business, or jurisdiction of organization or domestication of any party; or (vi) whether the laws of the forum jurisdiction otherwise would apply the laws of a jurisdiction other than the Commonwealth of Massachusetts; or (vii) any combination of the foregoing.

Section 21.  Arbitration. The Secured Parties or the Pledgor may elect to submit any dispute hereunder that has an amount in controversy in excess of $250,000 to arbitration hereunder.  Any such dispute shall be resolved in accordance with the Commercial Arbitration Rules of the American Association then pertaining and the decision of the arbitrators with respect to such dispute shall be binding, final and conclusive on the parties.

In the event the Secured Parties or the Pledgor shall elect to submit any such dispute to arbitration hereunder, the Secured Parties and the Pledgor shall each appoint and pay all fees of a fit and impartial person as arbitrator with at least ten (10) years’ recent professional experience in the general subject matter of the dispute.  Notice of such appointment shall be sent in writing by each party to the other, and the arbitrators so appointed, in the event of their failure to agree within thirty (30) days after the appointment of the second arbitrator upon the matter so submitted, shall appoint a third arbitrator.  If either the Secured Parties or the Pledgor shall fail to appoint an arbitrator, as aforesaid, for a period of twenty (20) days after written notice from the other party to make such appointment, then the arbitrator appointed by the party having made such appointment
shall appoint a second arbitrator and the two (2) so appointed shall, in the event of their failure to agree upon any decision within thirty (30) days thereafter, appoint a third arbitrator.  If such arbitrators fail to agree upon a third arbitrator within forty five (45) days after the appointment of the second arbitrator, then such third arbitrator shall be appointed by the American Arbitration Association from its qualified panel of arbitrators, and shall be a person having at least ten (10) years’ recent professional experience as to 

 

	
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the subject matter in question.  The fees of the third arbitrator and the expenses incident to the proceedings shall be borne equally between the Secured Parties and the Pledgor, unless the arbitrators decide otherwise.  The fees of respective counsel engaged by the parties, and the fees of expert witnesses and other witnesses called for the parties, shall be paid by the respective party engaging such counsel or calling or engaging such witnesses.

The decision of the arbitrators shall be rendered within thirty (30) days after appointment of the third arbitrator.  Such decision shall be in writing and in duplicate, one counterpart thereof to be delivered to the Secured Parties and one to the Pledgor.  A judgment of a court of competent jurisdiction may be entered upon the award of the arbitrators in accordance with the rules and statutes applicable thereto then obtaining.

The Secured Parties and the Pledgor acknowledge and agree that, to the extent any such dispute shall involve any Manager and be subject to arbitration pursuant to such Manager’s Management Agreement, the Secured Parties and the Pledgor shall cooperate to consolidate any such arbitration hereunder and under such Management Agreement into a single proceeding.

Section 22.  Severability.  In case any one or more of the provisions contained in this Agreement should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired thereby, but this Agreement shall be reformed and construed and enforced to the maximum extent permitted by applicable law.

Section 23.  Entire Contract.  This Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and shall supersede and take the place of any other instruments purporting to be an agreement of the parties hereto relating to the subject matter hereof.

Section 24.  Headings; Counterparts.  Headings in this Agreement are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.  This Agreement may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument, and in pleading or proving any provision of this Agreement, it shall not be necessary to produce more than one of such counterparts.

 

 

	
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Section 25.  Nonliability of Trustees.  THE DECLARATIONS OF TRUST ESTABLISHING CERTAIN OF THE SECURED PARTIES, COPIES OF WHICH, TOGETHER WITH ALL AMENDMENTS THERETO (THE “DECLARATIONS”), ARE DULY FILED WITH THE DEPARTMENT OF ASSESSMENTS AND TAXATION OF THE STATE OF MARYLAND, PROVIDE THAT THE NAMES “HRES2 PROPERTIES TRUST,” “SPTIHS PROPERTIES TRUST,” “SPT-MICHIGAN TRUST,” “SPTMNR PROPERTIES TRUST,” “SNH CHS PROPERTIES TRUST” AND “SNH/LTA PROPERTIES TRUST” REFER TO THE TRUSTEES UNDER EACH DECLARATION COLLECTIVELY AS TRUSTEES, BUT NOT INDIVIDUALLY OR PERSONALLY, AND THAT NO TRUSTEE, OFFICER, SHAREHOLDER, EMPLOYEE OR AGENT OF SUCH SECURED PARTIES SHALL BE HELD TO ANY PERSONAL LIABILITY,
JOINTLY OR SEVERALLY, FOR ANY OBLIGATION OF OR CLAIM AGAINST, SUCH SECURED PARTIES.  ALL PERSONS DEALING WITH THE SECURED PARTIES, IN ANY WAY, SHALL LOOK ONLY TO THE ASSETS OF THE SECURED PARTIES FOR THE PAYMENT OF ANY SUM OR THE PERFORMANCE OF ANY OBLIGATION.

Section 26.  Amendment and Restatement.  This Agreement amends, restates and replaces in its entirety the Original Pledge Agreement, as the same may have been amended from time to time.

 

	
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WITNESS the execution hereof under seal as of the date above first written.

PLEDGOR:

FSQ, Inc.,

a Delaware corporation

By:     /s/ Bruce J. Mackey Jr.

Bruce J. Mackey Jr.

Treasurer and Chief Financial Officer

 

SECURED PARTIES:

HRES2 Properties Trust, a Maryland real estate investment trust, SPTIHS Properties Trust, a Maryland real estate investment trust, SPT-Michigan Trust, a Maryland business trust, SPTMNR Properties Trust, a Maryland real estate investment trust, SNH CHS Properties Trust, a Maryland real estate investment trust, Ellicott City Land I, LLC, a Delaware limited liability company, Ellicott City Land II, LLC, a Delaware limited liability company, SNH/LTA Properties Trust, a Maryland real estate investment trust, and SNH/LTA
Properties GA LLC, a Maryland limited liability company

By:     /s/ John R. Hoadley

John R. Hoadley

Treasurer of each of the foregoing entities

 

 

	
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Exhibit 10.8

 

 

 

EXHIBIT A

Pledged Shares of Beneficial Interest

[The following exhibit has been
omitted and will be supplementally

furnished to the Securities and Exchange Commission on request.]Exhibit 10.9

 

CONFIRMATION OF GUARANTEES AND CONFIRMATION  

AND AMENDMENT OF OTHER INCIDENTAL DOCUMENTS

THIS CONFIRMATION OF GUARANTEES AND CONFIRMATION AND AMENDMENT OF OTHER INCIDENTAL DOCUMENTS (this “Confirmation”) is made as of June 3, 2005 by FIVE STAR QUALITY CARE, INC., a Maryland corporation (the “Guarantor”), FIVE STAR QUALITY CARE TRUST, a Maryland business trust (the “Tenant”), FSQ, INC., a Delaware corporation (the “Tenant Pledgor”), each of the parties identified on the signature page hereof as a subtenant pledgor (collectively, the
“Subtenant Pledgors”) and each of the parties identified on the signature page hereof as a subtenant (collectively, the “Subtenants”) for the benefit of each of the parties identified on the signature page hereof as a landlord (collectively, the “Landlords”).

W I T N E S S E T H :

WHEREAS, pursuant to the terms of that certain Second Amended and Restated Lease Agreement, dated as of November 19, 2004, as amended by that certain First Amendment of Lease dated as of May 17, 2005 (as so amended, the “Consolidated Lease”), the Landlords lease to the Tenant, and the Tenant leases from the Landlords, certain property, all as more particularly described in the Consolidated Lease; and

WHEREAS, the payment and performance obligations of the Tenant with respect to the Consolidated Lease are guaranteed by those certain Guaranty Agreements described on Exhibit A attached hereto (collectively, the “Guarantees”); and

WHEREAS, the payment and performance obligations of the Tenant with respect to the Consolidated Lease are further secured by the other Incidental Documents (this and other capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Consolidated Lease); and

WHEREAS, pursuant to a Second Amendment to Second Amended and Restated Lease Agreement, dated as of the date hereof (the “Second Amendment”), the Consolidated Lease is being amended to add certain properties, as more particularly described in the Second Amendment;

WHEREAS, the Tenant intends to sublease the properties being added to the Consolidated Lease pursuant to the Second Amendment to certain affiliates of the Tenant (collectively, the “Subleases”);

 

 

 

WHEREAS, in connection with, and as a condition precedent to, the execution of the Second Amendment by the Landlords, the Landlords have required that the parties hereto confirm that the Guarantees and the other Incidental Documents remain in full force and effect and apply to the Consolidated Lease as amended by the Second Amendment;

WHEREAS, on May 6, 2005, the Guarantor undertook a corporate reorganization that resulted in changes in ownership of certain of the Subtenants, among other things; and

WHEREAS, in connection with the corporate reorganization of the Guarantor and the execution of the Second Amendment and the Subleases, the parties hereto wish to amend certain of the Incidental Documents, including (i) the Security Agreement, dated as of December 31, 2001, by and among certain of the Subtenants and certain of the Landlords, as amended and confirmed from time to time (the “Subtenant Security Agreement”); (ii) the Security Agreement, dated as of December 31, 2001, by and among the Tenant and certain of the Landlords, as amended and confirmed from time to time (the “Tenant Security Agreement”); and (iii) the Second Amended and Restated Pledge of Stock and Membership Interests Agreement, dated as of May 6, 2005, made by the Subtenant
Pledgors for the benefit of the Landlords, as amended and confirmed from time to time (the “Subtenant Pledge Agreement”), all subject to and upon the terms and conditions herein set forth;

NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the mutual receipt and legal sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

1.              Joinder by Subtenants.  Each of the Subtenants that is not otherwise a party to the Subtenant Security Agreement or that certain Security Agreement dated as of October 25, 2002, by and among certain of the Subtenants and certain of the Landlords, as amended and confirmed from time to time, hereby joins in the Subtenant Security Agreement as if it had originally executed and delivered the Subtenant Security Agreement as a “Subtenant” thereunder.  Each of the Subtenants that is not otherwise a party to the Subtenant Guaranty (as defined in Exhibit A hereof) hereby joins in the Subtenant Guaranty as if it had originally executed and delivered the Subtenant Guaranty as a “Subtenant” thereunder.

2.   
           Amendment of Subtenant Security Agreement.  The Subtenant Security
Agreement is hereby amended by (i) replacing Exhibit A attached thereto with Schedule 1 attached hereto;

 

 

 

 (ii) replacing Schedule 1
attached thereto with Schedule 2 attached hereto; and (iii) replacing Schedule 2 attached thereto
with Schedule 3 attached hereto.

3.              Amendment of Tenant Security Agreement.  The Tenant Security Agreement is hereby amended by replacing Schedule 2 attached thereto with Schedule 4 attached hereto.

4.              Amendment of Subtenant Pledge Agreement.  The Subtenant Pledge Agreement is hereby amended by (i) replacing Exhibit A attached thereto with Schedule 5 attached hereto; and (ii) replacing Exhibit B attached thereto with Schedule 6 attached hereto.

5.              Confirmation of Guarantees.  Each of the parties to the Guarantees hereby confirms that all references in the Guarantees to the “Master Lease” or the “Lease” shall refer to the Consolidated Lease as amended by the Second Amendment and the Guarantees are hereby ratified and confirmed in all respects.

6.              Confirmation of Other Incidental Documents.  Each of the parties to the Incidental Documents (other than the Guarantees) hereby confirms that all references in such Incidental Documents to the “Master Lease” or the “Lease” shall refer to the Consolidated Lease as amended by the Second Amendment and that such Incidental Documents, as amended by this Confirmation, are hereby ratified and confirmed in all respects.

7.              No Impairment, Etc.  The obligations, covenants, agreements and duties of the guarantors under the Guarantees shall not be impaired in any manner by the execution and delivery of the Second Amendment, the Guarantees, the other Incidental Documents, or any amendments, changes or modifications thereof, and in no event shall any ratification or confirmation of such Guarantees or such other Incidental Documents, or the obligations, covenants, agreements and the duties of the guarantors thereunder or of the parties under the other Incidental Documents, including, without limitation, this Confirmation, be required in connection with any such amendment, change or modification.

 

[Signatures on following page.]

 

 

 

IN WITNESS WHEREOF, the parties hereto have caused this Confirmation to be duly executed, as a sealed instrument, as of the date first set forth above.

GUARANTOR:

 

FIVE STAR QUALITY CARE, INC.

By:          /s/ Bruce J. Mackey Jr.

Bruce J. Mackey Jr.

Treasurer, Chief Financial Officer and Assistant Secretary

 

TENANT:

 

FIVE STAR QUALITY CARE TRUST

By:          /s/ Bruce J. Mackey Jr.

Bruce J. Mackey Jr.

Treasurer, Chief Financial Officer and Assistant Secretary

 

TENANT PLEDGOR:

 

FSQ, INC.

By:          /s/ Bruce J. Mackey Jr.

Bruce J. Mackey Jr.

Treasurer, Chief Financial Officer and Assistant Secretary

 

 

 

 

 

 

SUBTENANT PLEDGORS:

 

FSQ, INC., FIVE STAR QUALITY CARE TRUST, FVEST. JOE, INC., FIVE STAR QUALITY CARE-CA, INC., FIVE STAR QUALITY CARE-CA II, INC., FIVE STAR QUALITY CARE-CO, INC., THE HEARTLANDS RETIREMENT COMMUNITY-ELLICOTT CITY I, INC., FIVE STAR QUALITY CARE-GA, INC., FIVE STAR QUALITY CARE-IA, INC., FIVE STAR QUALITY CARE-NE, INC., FIVE STAR QUALITY CARE-WI, INC. and LIFETRUST AMERICA, INC.

By:          /s/ Bruce J. Mackey Jr.

Bruce J. Mackey Jr.

Treasurer, Chief Financial Officer and Assistant Secretary of each of the foregoing entities

 

LIFETRUST PROPERTIES, L.L.C.

 

	
            By:
 	
            LifeTrust America Inc.,
 
	
             
	
            Its Sole Member
 	
             

By:          /s/ Bruce J. Mackey Jr.

Bruce J. Mackey Jr.

Treasurer, Chief Financial Officer and Assistant Secretary

 

 

 

 

 

SUBTENANTS:

 

FIVE STAR
QUALITY CARE-AZ, LLC, FIVE STAR QUALITY CARE-CA, LLC, FIVE STAR QUALITY CARE-CA II, LLC, FIVE STAR QUALITY
CARE-COLORADO, LLC, FIVE STAR QUALITY CARE-CT, LLC, FIVE STAR QUALITY CARE-GA, LLC, FIVE STAR QUALITY
CARE-IA, LLC, FIVE STAR QUALITY CARE-KS, LLC, FIVE STAR QUALITY CARE-MD, LLC, FIVE STAR QUALITY CARE-MO,
LLC, FIVE STAR QUALITY CARE-NE, LLC, FIVE STAR QUALITY CARE-NC, LLC FIVE STAR QUALITY CARE-WI, LLC, FIVE
STAR QUALITY CARE-WY, LLC, FIVE STAR QUALITY CARE-VA, LLC, FIVE STAR QUALITY CARE-CA, INC., FIVE STAR
QUALITY CARE-IA, INC., FIVE STAR QUALITY CARE-NE, INC., MORNINGSIDE OF GALLATIN, LLC, THE HEARTLANDS
RETIREMENT COMMUNITY – ELLICOTT CITY I, INC. and MORNINGSIDE OF BELMONT, LLC

By:          /s/ Bruce J. Mackey Jr.

Bruce J. Mackey Jr.

Treasurer, Chief Financial Officer and Assistant Secretary of each of the foregoing entities

 

 

 

 

 

MORNINGSIDE OF ANDERSON, L.P., MORNINGSIDE OF ATHENS, LIMITED PARTNERSHIP, MORNINGSIDE OF COLUMBUS, L.P., MORNINGSIDE OF DALTON, LIMITED PARTNERSHIP, MORNINGSIDE OF EVANS, LIMITED PARTNERSHIP, MORNINGSIDE OF GREENWOOD, L.P. and MORNINGSIDE OF KENTUCKY, LIMITED PARTNERSHIP

 

	
            By:
 	
            LifeTrust America, Inc.,
 

General Partner of each of the foregoing entities

By:          /s/ Bruce J. Mackey Jr.

Bruce J. Mackey Jr.

Treasurer, Chief Financial Officer and Assistant Secretary

MORNINGSIDE OF BELLGRADE, RICHMOND, LLC, MORNINGSIDE OF CHARLOTTESVILLE, LLC, MORNINGSIDE OF NEWPORT NEWS, LLC and MORNINGSIDE OF SKIPWITH – RICHMOND, LLC

 

	
            By:
 	
            LifeTrust America, Inc.,
 

Member of each of the foregoing entities

By:          /s/ Bruce J. Mackey Jr.

Bruce J. Mackey Jr.

Treasurer, Chief Financial Officer and Assistant Secretary

 

 

 

 

 

LANDLORD:

 

HRES2 PROPERTIES TRUST,

SPTIHS PROPERTIES TRUST,

SPT-MICHIGAN TRUST,

SPTMNR PROPERTIES TRUST,

SNH CHS PROPERTIES TRUST,

ELLICOTT CITY LAND I, LLC, 

ELLICOTT CITY LAND II, LLC, 

SNH/LTA PROPERTIES TRUST and

SNH/LTA PROPERTIES GA LLC

By:          /s/ John R. Hoadley

John R. Hoadley
Treasurer of each of the foregoing entities

 

 

 

 

EXHIBIT A

 

GUARANTEES

 

	
            1.
 	
            Guaranty Agreement, dated as of December 31, 2001, made by Guarantor in favor of HRES2 Properties Trust, SPTIHS Properties Trust, SPT-Michigan Trust and SPTMNR Properties Trust.
 

 

	
            2.
 	
            Guaranty Agreement, dated as of October 25, 2002, made by Guarantor in favor of SNH CHS Properties Trust.
 

 

	
            3.
 	
            Guaranty Agreement, dated as of October 25, 2002, made by certain of the Subtenants in favor of SNH CHS Properties Trust (the “Subtenant Guaranty”).
 

 

The Guarantees were confirmed pursuant to (i) that certain Confirmation of Guarantees and Security Documents, dated as of March 1, 2004, made by certain of the parties hereto; (ii) that certain Confirmation of Guarantees and Other Incidental Documents, dated as of June 23, 2004, made by certain of the parties hereto; and (iii) that certain Confirmation of Guarantees and Other Incidental Documents, dated as of November 19, 2004, made by certain of the parties hereto.

 

 

 

 

SCHEDULE 1

 

EXHIBIT A

SUBLEASES

	
            1.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-AZ, LLC, a Delaware limited liability company, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, and Certain Affiliates of Five Star Quality Care, Inc.
 
	
            2.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-CA, LLC, a Delaware limited liability company, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust and Certain Affiliates of Five Star Quality Care, Inc., and that certain Partial Amendment and Termination of Sublease dated May 6, 2005 by and between Five Star Quality Care Trust, and Five Star Quality Care-CA, LLC.
 
	
            3.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-Colorado, LLC, a Delaware limited liability company, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust and Certain Affiliates of Five Star Quality Care, Inc.
 
	
            4.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-CT, LLC, a Delaware limited liability company, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust and Certain Affiliates of Five Star Quality Care, Inc.
 
	
            5.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-IA, LLC, a Delaware limited liability company, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust and Certain Affiliates of Five Star Quality Care, Inc.
 

 

 

 

 

 

	
            6.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-KS, LLC, a Delaware limited liability company, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust and Certain Affiliates of Five Star Quality Care, Inc.
 
	
            7.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-MO, LLC, a Delaware limited liability company, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust and Certain Affiliates of Five Star Quality Care, Inc.
 
	
            8.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-WI, LLC, a Delaware limited liability company, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust and Certain Affiliates of Five Star Quality Care, Inc.
 
	
            9.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-WY, LLC, a Delaware limited liability company, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust and Certain Affiliates of Five Star Quality Care, Inc.
 
	
            10.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-CA, Inc., a Delaware corporation, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust and Certain Affiliates of Five Star Quality Care, Inc.
 
	
            11.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-IA, Inc., a Delaware corporation, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust and Certain Affiliates of Five Star Quality Care, Inc.
 

 

 

 

 

 

	
            12.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-NE, Inc., a Delaware corporation, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust and Certain Affiliates of Five Star Quality Care, Inc.
 
	
            13.
 	
            Sublease Agreement, dated March 1, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, and The Heartlands Retirement Community - Ellicott City I, Inc., a Maryland corporation.
 
	
            14.
 	
            Sublease Agreement, dated June 23, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-MO, LLC, a Delaware limited liability company.
 
	
            15.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, and Morningside of Skipwith-Richmond, LLC, a Delaware limited liability company.
 
	
            16.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, and Morningside of Newport News, LLC, a Delaware limited liability company.
 
	
            17.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, and Morningside of Charlottesville, LLC, a Delaware limited liability company.
 
	
            18.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, and Morningside of Bellgrade, Richmond, LLC, a Delaware limited liability company.
 
	
            19.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, and Morningside of Gallatin, LLC, a Delaware limited liability company.
 
	
            20.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, and Morningside of Anderson, L.P., a Delaware limited partnership.
 

 

 

 

 

 

	
            21.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, and Morningside of Kentucky, Limited Partnership, a Delaware limited partnership.
 
	
            22.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, and Morningside of Evans, Limited Partnership, a Delaware limited partnership.
 
	
            23.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, and Morningside of Athens, Limited Partnership, a Delaware limited partnership.
 
	
            24.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, and Morningside of Columbus, L.P., a Delaware limited partnership.
 
	
            25.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, and Morningside of Dalton, Limited Partnership, a Delaware limited partnership.
 
	
            26.
 	
            Sublease Agreement, dated May 6, 2005, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-CA II, LLC, a Delaware limited liability company.
 
	
            27.
 	
            Amended and Restated Sublease Agreement, dated June 3, 2005, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-GA, LLC, a Delaware limited liability company.
 
	
            28.
 	
            Amended and Restated Sublease Agreement, dated June 3, 2005, by and between Five Star Quality Care Trust, a Maryland business trust, and Five Star Quality Care-NE, LLC, a Delaware limited liability company.
 
	
            29.
 	
            Sublease Agreement, dated June 3, 2005, by and between Five Star Quality Care Trust, a Maryland business trust, and Morningside of Belmont, LLC, a Delaware limited liability company.
 
	
            30.
 	
            Sublease Agreement, dated June 3, 2005, by and between Five Star Quality Care Trust, a Maryland business trust, and Morningside of Greenwood, L.P., a Delaware limited partnership.
 

 

 

 

 

 

SCHEDULE 2

 

SCHEDULE 1

	
            Subtenant Name, Organizational Structure

& Corporate Identification Number:
  	
            Chief Executive Office & Principal Place of Business:
  	
            Other Names
  
	
            Five Star Quality Care-AZ, LLC, 

a Delaware limited liability company

No:_________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-AZ, LLC
 
	
            Five Star Quality Care-CA, LLC, 

a Delaware limited liability company

No:_________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-CA, LLC
 
	
            Five Star Quality Care-CA, INC., 

a Delaware corporation

No:_________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-CA, Inc.
 
	
            Five Star Quality Care-Colorado, LLC, 

a Delaware limited liability company

No:_________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-Colorado, LLC
 
	
            Five Star Quality Care-CT, LLC,

a Delaware limited liability company No:_________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-CT, LLC
 
	
            Five Star Quality Care-GA, LLC,

a Delaware limited liability company

No:_________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-GA, LLC
 
	
            Five Star Quality Care-IA, LLC,

a Delaware limited liability company

No:_________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-IA, LLC
 
	
            Five Star Quality Care-IA, INC., 

a Delaware corporation

No:_________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-IA, INC.
 
	
            Five Star Quality Care-KS, LLC,

a Delaware limited liability company

No:________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-KS, LLC
 
	
            Five Star Quality Care-MO, LLC,

a Delaware limited liability company

No:_________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-MO, LLC
 
	
            Five Star Quality Care-NE, LLC,

a Delaware limited liability company

No:_________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-NE, LLC
 
	
            Five Star Quality Care-NE, INC., 

a Delaware corporation

No:_________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-NE, Inc.
 
	
            Five Star Quality Care-WI, LLC,

a Delaware limited liability company

No:_________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-WI, LLC
 
	
            Five Star Quality Care-WY, LLC,

a Delaware limited liability company

No:_________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            SHOPCO-WY, LLC
 

 

 

 

 

 

 

 

	
            Subtenant Name, Organizational Structure

& Corporate Identification Number:
  	
            Chief Executive Office & Principal Place of Business:
  	
            Other Names
  
	
            The Heartlands Retirement Community - Ellicott City I, Inc., a Maryland corporation

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Morningside of Skipwith-Richmond, LLC, a Delaware limited liability company

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Morningside of Newport News, LLC, a Delaware limited liability company

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Morningside of Charlottesville, LLC, a Delaware limited liability company

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Morningside of Bellgrade, Richmond, LLC, a Delaware limited liability company

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Morningside of Gallatin, LLC, a Delaware limited liability company

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Morningside of Anderson, L.P., a Delaware limited partnership

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Morningside of Kentucky, Limited Partnership, a Delaware limited partnership

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Morningside of Evans, Limited Partnership, a Delaware limited partnership

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Morningside of Athens, Limited Partnership, a Delaware limited partnership

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Morningside of Columbus, L.P., a Delaware limited partnership

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Morningside of Dalton, Limited Partnership, a Delaware limited partnership

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Five Star Quality Care-CA II, LLC, a Delaware limited liability company

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Morningside of Belmont, LLC, a Delaware limited liability company

No.  ___________________________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 
	
            Morningside of Greenwood, L.P., a Delaware limited partnership

No.  ______________________
 	
            400 Centre Street

Newton, MA  02458
 	
            None.
 

 

 

 

SCHEDULE 3

 

SCHEDULE 2

The Facilities

	
            State:
  	
            Facility:
  	
            Subtenant:
  
	
            ARIZONA:
 	
            LA MESA HEALTHCARE CENTER

2470 S. Arizona Avenue

Yuma, AZ  85364

 
 	
            Five Star Quality Care-AZ, LLC
 
	
             
 	
            SUNQUEST VILLAGE OF YUMA

265 E. 24th Street

Yuma, AZ  85364

 
 	
            Five Star Quality Care-AZ, LLC
 
	
            CALIFORNIA:
 	
            LANCASTER HEALTHCARE CENTER

1642 West Avenue J

Lancaster, CA  93534

 
 	
            Five Star Quality Care-CA, LLC
 
	
             
 	
            LA SALETTE HEALTH AND REHABILITATION CENTER

537 E. Fulton Street

Stockton, CA  95204

 
 	
            Five Star Quality Care-CA II, LLC
 
	
             
 	
            THOUSAND OAKS HEALTH CARE CENTER

93 W. Avenida de Los Arboles

Thousand Oaks, CA  91360

 
 	
            Five Star Quality Care-CA II, LLC
 
	
             
 	
            VALLEY VIEW

9120 Woodman Boulevard

Arleta, CA  91331

 
 	
            Five Star Quality Care-CA, INC.
 
	
             
 	
            VAN NUYS HEALTH CARE CENTER

6835 Hazeltine Street

Van Nuys, CA  91405

 
 	
            Five Star Quality Care-CA, LLC
 
	
            COLORADO:
 	
            CHERRELYN HEALTHCARE CENTER

5555 South Elati Street

Littleton, CO  80120

 
 	
            Five Star Quality Care-Colorado, LLC
 
	
             
 	
            CEDARS HEALTHCARE CENTER

1599 Ingals Street

Lakewood, CO  80214

 
 	
            Five Star Quality Care-Colorado, LLC
 

 

 

 

	
            State:
  	
            Facility:
  	
            Subtenant:
  
	
             
 	
            LA VILLA GRANDE CARE CENTER

2501 Little Bookcliff Drive

Grand Junction, CO  81501

 
 	
            Five Star Quality Care-Colorado, LLC
 
	
             
 	
            MANTEY HEIGHTS REHABILITATION & CARE CENTER

2835 Patterson Road

Grand Junction, CO  81501

 
 	
            Five Star Quality Care-Colorado, LLC
 
	
             
 	
            SKYLINE RIDGE NURSING & REHABILITATION CENTER

515 Fairview

Canon City, CO  81212

 
 	
            Five Star Quality Care-Colorado, LLC
 
	
             
 	
            SPRINGS VILLAGE CARE CENTER

110 West Van Buren

Colorado Springs, CO  80907

 
 	
            Five Star Quality Care-Colorado, LLC
 
	
             
 	
            WILLOW TREE CARE CENTER

2050 South Main

Delta, CO  81416

 
 	
            Five Star Quality Care-Colorado, LLC
 
	
            CONNECTICUT:
 	
            CLIFTON HOUSE REHABILITATION CENTER

181 Clifton Street

New Haven, CT  06513

 
 	
            Five Star Quality Care-CT, LLC
 
	
             
 	
            HEALTH CENTER OF GREATER WATERBURY

177 Whitewood Road

Waterbury, CT  06705

 
 	
            Five Star Quality Care-CT, LLC
 
	
            GEORGIA:
 	
            AUTUMN BREEZE HEALTHCARE CENTER

1480 Sandtown Road

Marietta, GA  30060

 
 	
            Five Star Quality Care-GA, LLC
 
	
             
 	
            COLLEGE PARK HEALTHCARE CENTER

1765 Temple Avenue

College Park, GA  30337

 
 	
            Five Star Quality Care-GA, LLC
 
	
             
 	
            MORNINGSIDE OF ATHENS
 1291 Cedar Shoals Drive
 Athens, Georgia  30605

 
 	
            Morningside of Athens, Limited Partnership
 

 

 

 

 

 

 

 

	
            State:
  	
            Facility:
  	
            Subtenant:
  
	
             
 	
            MORNINGSIDE OF COLUMBUS
 7100 South Stadium Drive
 Columbus, Georgia  31909
 
 	
            Morningside of Columbus, L.P.
 
	
             
 	
            MORNINGSIDE OF DALTON
 2470 Dug Gap Road
 Dalton, Georgia  30720
 
 	
            Morningside of Dalton, Limited Partnership
 
	
             
 	
            MORNINGSIDE OF EVANS
 353 N. Belair Road
 Evans, Georgia  30809
 
 	
            Morningside of Evans, Limited Partnership
 
	
             
 	
            NORTHLAKE GARDENS
 1300 Montreal Road
 Tucker, Georgia  30084
 
 	
            Five Star Quality Care-GA, LLC
 
	
             
 	
            SOUTHLAND CARE CENTER

606 Simmons Street

Dublin, GA  31021

 
 	
            Five Star Quality Care-GA, LLC
 
	
            IOWA:
 	
            NORTHCREST CARE & REHABILITATION

34 Northcrest Drive

Council Bluffs, IA  51503

 
 	
            Five Star Quality Care-IA, LLC
 
	
             
 	
            PACIFIC PLACE

20937 State Highway 385

Pacific Junction, IA  51561

 
 	
            Five Star Quality Care-IA, LLC
 
	
             
 	
            PARK PLACE

114 East Green Street

Glenwood, IA  51534

 
 	
            Five Star Quality Care-IA, INC.
 
	
             
 	
            PRAIRIE RIDGE CARE & REHABILITATION

308 Prairie Street

Mediapolis, IA  52637

 
 	
            Five Star Quality Care-IA, LLC
 
	
             
 	
            UNION PARK HEALTH SERVICES

2348 East 9th Street

Des Moines, IA  50316

 
 	
            Five Star Quality Care-IA, INC.
 
	
             
 	
            WEST BRIDGE CARE & REHABILITATION

1015 West Summit

Winterset, IA  50273

 
 	
            Five Star Quality Care-IA, LLC
 

 

 

 

 

 

 

	
            State:
  	
            Facility:
  	
            Subtenant:
  
	
             
 	
            WESTRIDGE QUALITY CARE & REHABILITATION

600 Manor Drive

Clarinda, IA  51632

 
 	
            Five Star Quality Care-IA, LLC
 
	
            KANSAS:
 	
            WOODHAVEN CARE CENTER

510 W 7th Street

Ellinwood, KS  67526

 
 	
            Five Star Quality Care-KS, LLC
 
	
            KENTUCKY:
 	
            MORNINGSIDE OF MAYFIELD
 1517 West Broadway
 Mayfield, Kentucky  42066
 
 	
            Morningside of Kentucky, Limited Partnership
 
	
            MARYLAND:
 	
            HEARTLANDS AT ELLICOTT CITY
 3004 North Ridge Road
 Ellicott City, Maryland  21043
 
 	
            The Heartlands Retirement Community - Ellicott City I, Inc.
 
	
            MISSOURI:
 	
            ARBOR VIEW (BEVERLY MANOR)
 1317 North 36th Street
 St. Joseph, Missouri  64506
 
 	
            Five Star Quality Care-MO, LLC
 
	
             
 	
            NORTHVIEW MANOR

300 Cedar Street

Tarkio, MO  64491

 
 	
            Five Star Quality Care-MO, LLC
 
	
            NEBRASKA:
 	
            AINSWORTH CARE CENTER

143 North Fullerton

Ainsworth, NE  69210

 
 	
            Five Star Quality Care-NE, LLC
 
	
             
 	
            ASHLAND CARE CENTER

1700 Furnace Street

Ashland, NE  68003

 
 	
            Five Star Quality Care-NE, LLC
 
	
             
 	
            BLUE HILL CARE CENTER

414 North Wilson Street

Blue Hill, NE  68930

 
 	
            Five Star Quality Care-NE, LLC
 
	
             
 	
            CENTRAL CITY CARE CENTER

2720 South 17th Avenue

Central City, NE  68462

 
 	
            Five Star Quality Care-NE, INC.
 
	
             
 	
            CRESTVIEW HEALTHCARE CENTER

1100 West First Street

Milford, NE  68405

 
 	
            Five Star Quality Care-NE, LLC
 

 

 

 

 

 

 

 

	
            State:
  	
            Facility:
  	
            Subtenant:
  
	
             
 	
            EXETER CARE CENTER

425 South Empire Avenue

Exeter, NE  68351

 
 	
            Five Star Quality Care-NE, INC.
 
	
             
 	
            GRETNA COMMUNITY CARE CENTER

700 South Highway 6

Gretna, NE  68028

 
 	
            Five Star Quality Care-NE, LLC
 
	
             
 	
            LOGAN VALLEY MANOR

1035 Diamond Street

Lyons, NE  68038

 
 	
            Five Star Quality Care-NE, LLC
 
	
             
 	
            MORYS HAVEN

1112 15th Street

Columbus, NE  68601

 
 	
            Five Star Quality Care-NE, INC.
 
	
             
 	
            ROSE BROOK CARE CENTER

Route 1 Box 83A

Edgar, NE  68935

 
 	
            Five Star Quality Care-NE, INC.
 
	
             
 	
            SUTHERLAND CARE CENTER

333 Maple

Sutherland, NE  69165

 
 	
            Five Star Quality Care-NE, LLC
 
	
             
 	
            UTICA COMMUNITY CARE CENTER

1350 Centenial Avenue

Utica, NE  68456

 
 	
            Five Star Quality Care-NE, INC.
 
	
             
 	
            WAVERLY CARE CENTER

11041 North 137th Street

Waverly, NE  68462

 
 	
            Five Star Quality Care-NE, LLC
 
	
             
 	
            WEDGEWOOD CARE CENTER

800 Stoeger Drive

Grand Island, NE  68803

 
 	
            Five Star Quality Care-NE, LLC
 
	
             
 	
            WESTGATE ASSISTED LIVING
 3030 South 80th Street
 Omaha, Nebraska  68124
 
 	
            Five Star Quality Care-NE, LLC
 
	
            SOUTH CAROLINA:
 	
            MORNINGSIDE OF ANDERSON
 1304 McLees Road
 Anderson, South Carolina  29621
 	
            Morningside of Anderson, L.P.
 

 

 

 

 

 

 

 

	
            State:
  	
            Facility:
  	
            Subtenant:
  
	
             
 	
            MORNINGSIDE OF GREENWOOD
 116 Enterprise Court
 Greenwood, South Carolina 29649
 
 	
            Morningside of Greenwood, L.P.
 
	
            TENNESSEE:
 	
            MORNINGSIDE OF GALLATIN
 1085 Hartsville Pike
 Gallatin, Tennessee  37066
 
 	
            Morningside of Gallatin, LLC
 
	
             
 	
            MORNINGSIDE OF BELMONT
 1710 Magnolia Boulevard
 Nashville, Tennessee  37212
 
 	
            Morningside of Belmont, LLC
 
	
            VIRGINIA:
 	
            MORNINGSIDE OF CHARLOTTESVILLE
 491 Crestwood Drive
 Charlottesville, Virginia 22903
 
 	
            Morningside of Charlottesville, LLC
 
	
             
 	
            MORNINGSIDE OF BELLGRADE
 2800 Polo Parkway
 Midlothian, Virginia  28113
 
 	
            Morningside of Bellgrade, Richmond, LLC
 
	
             
 	
            MORNINGSIDE OF NEWPORT NEWS
 655 Denbigh Boulevard
 Newport News, Virginia  23608
 
 	
            Morningside of Newport News, LLC
 
	
             
 	
            MORNINGSIDE IN THE WEST END
 3000 Skipwith Road
 Richmond, Virginia  23294
 
 	
            Morningside of Skipwith-Richmond, LLC
 
	
            WISCONSIN:
 	
            CHRISTOPHER EAST HEALTH & REHABILITATION CENTER

1132 E. Knapp Street

Milwaukee, WI  53202

 
 	
            Five Star Quality Care-WI, LLC
 
	
             
 	
            GREENTREE HEALTH & REHABILITATION CENTER

70 Greentree Road

Clintonville, WI  54929

 
 	
            Five Star Quality Care-WI, LLC
 
	
             
 	
            PINE MANOR HEALTHCARE CENTER

Route 4, Box 549

Clintonville, WI  54929

 
 	
            Five Star Quality Care-WI, LLC
 

 

 

 

 

 

 

 

	
             
 	
            RIVER HILLS WEST HEALTHCARE CENTER

321 Riverside Drive

Pewaukee, WI  53072

 
 	
            Five Star Quality Care-WI, LLC
 
	
             
 	
            SUNNY HILLS HEALTH CARE CENTER

4325 Nakoma Road

Madison, WI  53711

 
 	
            Five Star Quality Care-WI, LLC
 
	
             
 	
            THE VIRGINIA HEALTH & REHABILITATION CENTER

1451 Cleveland Avenue

Waukesha, WI  53186

 
 	
            Five Star Quality Care-WI, LLC
 
	
             
 	
            WOODLAND HEALTHCARE CENTER

18741 West Bluemound Road

Brookfield, WI  53045

 
 	
            Five Star Quality Care-WI, LLC
 
	
            WYOMING:
 	
            LARAMIE CARE CENTER

503 South 18th Street

Laramie, WY  82070

 
 	
            Five Star Quality Care-WY, LLC
 
	
             
 	
            WORLAND HEALTHCARE & REHABILITATION CENTER

1901 Howell Avenue

Worland, WY  82401

 
 	
            Five Star Quality Care-WY, LLC
 

 

 

 

 

SCHEDULE 4

 

SCHEDULE 2

 

THE FACILITIES

 

ARIZONA:

 

	
            LA MESA HEALTHCARE CENTER
 	
             

	
             
	
            2470 S. Arizona Avenue
 
	
             
	
            Yuma, Arizona  85364
 	
             

			

 

	
            SUNQUEST VILLAGE OF YUMA
 	
             

	
             
	
            265 E. 24th Street
 	
             

	
             
	
            Yuma, Arizona  85364
 
				

 

CALIFORNIA:

 

	
            LANCASTER HEALTHCARE CENTER
 	
             

	
             
	
            1642 West Avenue J
 	
             

	
             
	
            Lancaster, California  93534
 
				

 

	
            LA SALETTE HEALTH AND REHABILITATION CENTER
 
	
             
	
            537 E. Fulton Street
 	
             

	
             
	
            Stockton, California  95204
 	
             

				

 

	
            THOUSAND OAKS HEALTH CARE CENTER
 	
             

	
             
	
            93 W. Avenida de Los Arboles
 	
             

	
             
	
            Thousand Oaks, California  91360
 
				

 

	
            VALLEY VIEW
 	
             

	
             
	
            9120 Woodman Boulevard
 	
             

	
             
	
            Arleta, California  91331
 
				

 

	
            VAN NUYS HEALTH CARE CENTER
 	
             

	
             
	
            6835 Hazeltine Street
 	
             

	
             
	
            Van Nuys, California  91405
 
				

 

COLORADO:

 

	
            CEDARS HEALTHCARE CENTER
 	
             

	
             
	
            1599 Ingals Street
 	
             

	
             
	
            Lakewood, Colorado  80214
 
				

 

 

	
            CHERRELYN HEALTHCARE CENTER
 	
             

	
             
	
            5555 South Elati Street
 	
             

	
             
	
            Littleton, Colorado  80120
 
				

 

 

 

 

 

 

	
            LA VILLA GRANDE CARE CENTER
 	
             

	
             
	
            2501 Little Bookcliff Drive
 	
             

	
             
	
            Grand Junction, Colorado  81501
 
				

 

	
            MANTEY HEIGHTS REHABILITATION & CARE CENTER
 
	
             
	
            2835 Patterson Road
 	
             

	
             
	
            Grand Junction, Colorado  81501
 	
             

				

 

	
            SKYLINE RIDGE NURSING & REHABILITATION CENTER
 
	
             
	
            515 Fairview
 	
             

	
             
	
            Canon City, Colorado  81212
 	
             

				

 

	
            SPRINGS VILLAGE CARE CENTER
 	
             

	
             
	
            110 West Van Buren
 	
             

	
             
	
            Colorado Springs, Colorado  80907
 
				

 

	
            WILLOW TREE CARE CENTER
 	
             

	
             
	
            2050 South Main
 	
             

	
             
	
            Delta, Colorado  81416
 
				

 

CONNECTICUT:

 

	
            CLIFTON HOUSE REHABILITATION CENTER
 
	
             
	
            181 Clifton Street
 	
             

	
             
	
            New Haven, Connecticut  06513
 	
             

				

 

	
            HEALTH CENTER OF GREATER WATERBURY
 
	
             
	
            177 Whitewood Road
 	
             

	
             
	
            Waterbury, Connecticut  06705
 
			

 

GEORGIA:

 

	
            AUTUMN BREEZE HEALTHCARE CENTER
 
	
             
	
            1480 Sandtown Road
 	
             

	
             
	
            Marietta, Georgia  30060
 	
             

				

 

	
            COLLEGE PARK HEALTHCARE CENTER
 	
             

	
             
	
            1765 Temple Avenue
 	
             

	
             
	
            College Park, Georgia  30337
 
				

 

	
            MORNINGSIDE OF ATHENS
 	
             

	
             
	
            1291 Cedar Shoals Drive
 
	
             
	
            Athens, Georgia  30605
 	
             

				

 

	
            MORNINGSIDE OF COLUMBUS
 	
             

	
             
	
            7100 South Stadium Drive
 
	
             
	
            Columbus, Georgia  31909
 
			

 

 

 

 

 

 

	
            MORNINGSIDE OF DALTON
 	
             

	
             
	
            2470 Dug Gap Road
 	
             

	
             
	
            Dalton, Georgia  30720
 
				

 

	
            MORNINGSIDE OF EVANS
 	
             

	
             
	
            353 N. Belair Road
 	
             

	
             
	
            Evans, Georgia  30809
 
				

 

	
            NORTHLAKE GARDENS
 	
             

	
             
	
            1300 Montreal Road
 	
             

	
             
	
            Tucker, Georgia  30084
 
				

 

	
            SOUTHLAND CARE CENTER
 	
             

	
             
	
            606 Simmons Street
 	
             

	
             
	
            Dublin, Georgia  31021
 
				

 

IOWA:

 

	
            NORTHCREST CARE & REHABILITATION
 
	
             
	
            34 Northcrest Drive
 	
             

	
             
	
            Council Bluffs, Iowa  51503
 
			

 

	
            PACIFIC PLACE
 	
             

	
             
	
            20937 State Highway 385
 	
             

	
             
	
            Pacific Junction, Iowa  51561
 
				

 

	
            PARK PLACE
 	
             

	
             
	
            114 East Green Street
 
	
             
	
            Glenwood, Iowa  51534
 
			

 

	
            PRAIRIE RIDGE CARE & REHABILITATION
 
	
             
	
            308 Prairie Street
 	
             

	
             
	
            Mediapolis, Iowa  52637
 	
             

				

 

	
            UNION PARK HEALTH SERVICES
 	
             

	
             
	
            2348 East 9th Street
 	
             

	
             
	
            Des Moines, Iowa  50316
 
				

 

	
            WEST BRIDGE CARE & REHABILITATION
 
	
             
	
            1015 West Summit
 	
             

	
             
	
            Winterset, Iowa  50273
 	
             

				

 

	
            WESTRIDGE QUALITY CARE & REHABILITATION
 
	
             
	
            600 Manor Drive
 	
             

	
             
	
            Clarinda, Iowa  51632
 	
             

				

 

 

 

 

 

 

KANSAS:

 

	
            WOODHAVEN CARE CENTER
 	
             

	
             
	
            510 W 7th Street
 	
             

	
             
	
            Ellinwood, Kansas  67526
 
				

 

KENTUCKY:

 

	
            Morningside of Mayfield
 	
             

	
             
	
            1517 West Broadway
 	
             

	
             
	
            Mayfield, Kentucky  42066
 
			

 

MARYLAND:

 

	
            HEARTLANDS AT ELLICOTT CITY
 	
             

	
            3004 North Ridge Road
 	
             

	
            Ellicott City, Maryland  21043
 
			

 

MISSOURI:

 

	
            ARBOR VIEW (BEVERLY MANOR)
 	
             

	
             
	
            1317 North 36th Street
 	
             

	
             
	
            St. Joseph, Missouri  64506
 
				

 

	
            NORTHVIEW MANOR
 	
             

	
             
	
            300 Cedar Street
 	
             

	
             
	
            Tarkio, Missouri  64491
 
				

 

NEBRASKA:

 

	
            AINSWORTH CARE CENTER
 	
             

	
             
	
            143 North Fullerton
 	
             

	
             
	
            Ainsworth, Nebraska  69210
 
				

 

	
            ASHLAND CARE CENTER
 	
             

	
             
	
            1700 Furnace Street
 	
             

	
             
	
            Ashland, Nebraska  68003
 
				

 

	
            BLUE HILL CARE CENTER
 	
             

	
             
	
            414 North Wilson Street
 	
             

	
             
	
            Blue Hill, Nebraska  68930
 
				

 

	
            CENTRAL CITY CARE CENTER
 	
             

	
             
	
            2720 South 17th Avenue
 	
             

	
             
	
            Central City, Nebraska  68462
 
				

 

 

 

 

 

 

	
            CRESTVIEW HEALTHCARE CENTER
 	
             

	
             
	
            1100 West First Street
 	
             

	
             
	
            Milford, Nebraska  68405
 
			

 

	
            EXETER CARE CENTER
 	
             

	
             
	
            425 South Empire Avenue
 
	
             
	
            Exeter, Nebraska  68351
 
			

 

	
            GRETNA COMMUNITY CARE CENTER
 
	
             
	
            700 South Highway 6
 	
             

	
             
	
            Gretna, Nebraska  68028
 
			

 

	
            LOGAN VALLEY MANOR
 	
             

	
             
	
            1035 Diamond Street
 	
             

	
             
	
            Lyons, Nebraska  68038
 
				

 

	
            MORYS HAVEN
 	
             

	
             
	
            1112 15th Street
 	
             

	
             
	
            Columbus, Nebraska  68601
 
				

 

	
            ROSE BROOK CARE CENTER
 	
             

	
             
	
            Route 1 Box 83A
 	
             

	
             
	
            Edgar, Nebraska  68935
 
				

 

	
            SUTHERLAND CARE CENTER
 	
             

	
             
	
            333 Maple
 	
             

	
             
	
            Sutherland, Nebraska  69165
 
				

 

	
            UTICA COMMUNITY CARE CENTER
 
	
             
	
            1350 Centenial Avenue
 	
             

	
             
	
            Utica, Nebraska  68456
 
			

 

	
            WAVERLY CARE CENTER
 	
             

	
             
	
            11041 North 137th Street
 	
             

	
             
	
            Waverly, Nebraska  68462
 
				

 

	
            WEDGEWOOD CARE CENTER
 	
             

	
             
	
            800 Stoeger Drive
 	
             

	
             
	
            Grand Island, Nebraska  68803
 
				

 

	
            WESTGATE ASSISTED LIVING
 	
             

	
             
	
            3030 South 80th Street
 	
             

	
             
	
            Omaha, Nebraska  68124
 
				

 

 

 

 

 

 

SOUTH CAROLINA:

 

	
            MORNINGSIDE OF ANDERSON
 	
             

	
             
	
            1304 McLees Road
 	
             

	
             
	
            Anderson, South Carolina  29621
 
				

 

	
            MORNINGSIDE OF GREENWOOD
 	
             

	
             
	
            116 Enterprise Court
 	
             

	
             
	
            Greenwood, South Carolina 29649
 
				

 

TENNESSEE:

 

	
            MORNINGSIDE OF GALLATIN
 	
             

	
             
	
            1085 Hartsville Pike
 	
             

	
             
	
            Gallatin, Tennessee  37066
 
				

 

	
            MORNINGSIDE OF BELMONT
 	
             

	
             
	
            1710 Magnolia Boulevard
 	
             

	
             
	
            Nashville, Tennessee  37212
 
				

 

VIRGINIA:

 

	
            MORNINGSIDE OF CHARLOTTESVILLE
 	
             

	
             
	
            491 Crestwood Drive
 	
             

	
             
	
            Charlottesville, Virginia 22903
 
				

 

	
            MORNINGSIDE OF BELLGRADE
 	
             

	
             
	
            2800 Polo Parkway
 	
             

	
             
	
            Midlothian, Virginia  28113
 
				

 

	
            MORNINGSIDE OF NEWPORT NEWS
 	
             

	
             
	
            655 Denbigh Boulevard
 	
             

	
             
	
            Newport News, Virginia  23608
 
				

 

	
            MORNINGSIDE IN THE WEST END
 	
             

	
             
	
            3000 Skipwith Road
 	
             

	
             
	
            Richmond, Virginia  23294
 
				

 

WISCONSIN:

 

	
            CHRISTOPHER EAST HEALTH & REHABILITATION CENTER
 
	
             
	
            1132 E. Knapp Street
 	
             

	
             
	
            Milwaukee, Wisconsin  53202
 	
             

				

 

 

	
            GREENTREE HEALTH & REHABILITATION CENTER
 
	
             
	
            70 Greentree Road
 	
             

	
             
	
            Clintonville, Wisconsin  54929
 	
             

				

 

 

 

 

 

 

	
            PINE MANOR HEALTHCARE CENTER
 	
             

	
             
	
            Route 4, Box 549
 	
             

	
             
	
            Clintonville, Wisconsin  54929
 
				

 

	
            RIVER HILLS WEST HEALTHCARE CENTER
 
	
             
	
            321 Riverside Drive
 	
             

	
             
	
            Pewaukee, Wisconsin  53072
 	
             

				

 

	
            SUNNY HILLS HEALTH CARE CENTER
 
	
             
	
            4325 Nakoma Road
 	
             

	
             
	
            Madison, Wisconsin  53711
 
			

 

	
            THE VIRGINIA HEALTH & REHABILITATION CENTER
 
	
             
	
            1451 Cleveland Avenue
 	
             

	
             
	
            Waukesha, Wisconsin  53186
 	
             

				

 

	
            WOODLAND HEALTHCARE CENTER
 	
             

	
             
	
            18741 West Bluemound Road
 	
             

	
             
	
            Brookfield, Wisconsin  53045
 
				

 

WYOMING:

 

	
            LARAMIE CARE CENTER
 	
             

	
             
	
            503 South 18th Street
 	
             

	
             
	
            Laramie, Wyoming  82070
 
				

 

	
            WORLAND HEALTHCARE & REHABILITATION CENTER
 
	
             
	
            1901 Howell Avenue
 	
             

	
             
	
            Worland, Wyoming  82401
 	
             

				

 

 

 

 

 

 

SCHEDULE 5

 

EXHIBIT A

Subleases

	
            1.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-AZ, LLC, a Delaware limited liability company, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.
 
	
            2.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-CA, LLC, a Delaware limited liability company, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants, and that certain Partial Amendment and Termination of Sublease dated May 6, 2005 by and between Five Star Quality Care Trust, as sublandlord, and Five Star Quality Care-CA, LLC, as subtenant.
 
	
            3.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-Colorado, LLC, Delaware limited liability company, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.
 
	
            4.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-CT, LLC, a Delaware limited liability company, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.
 
	
            5.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-IA, LLC, a Delaware limited liability company, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among 
 

 

 

 

 

Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.

	
            6.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-KS, LLC, a Delaware limited liability company, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.
 
	
            7.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-MO, LLC, a Delaware limited liability company, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.
 
	
            8.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-WI, LLC, a Delaware limited liability company, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.
 
	
            9.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-WY, LLC, a Delaware limited liability company, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.
 
	
            10.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-CA, Inc., a Delaware corporation, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.
 
	
            11.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-IA, Inc., a Delaware corporation, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among 
 

 

 

 

 

Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.

	
            12.
 	
            Sublease Agreement, dated December 31, 2001, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-NE, Inc., a Delaware corporation, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.
 
	
            13.
 	
            Sublease Agreement, dated October 25, 2002, by and between FVE-CHS LLC (predecessor by merger to Five Star Quality Care Trust), as sublandlord, and Five Star Quality Care-MD, LLC, a Delaware limited liability company, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.
 
	
            14.
 	
            Sublease Agreement, dated October 25, 2002, by and between FVE-CHS LLC (predecessor by merger to Five Star Quality Care Trust), as sublandlord, and Five Star Quality Care-NC, LLC, a Delaware limited liability company, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.
 
	
            15.
 	
            Sublease Agreement, dated October 25, 2002, by and between FVE-CHS LLC (predecessor by merger to Five Star Quality Care Trust), as sublandlord, and Five Star Quality Care-VA, LLC, a Delaware limited liability company, as subtenant, as amended by that certain First Amendment to Sublease Agreement, dated May 30, 2003, by and between FVE-CHS LLC (predecessor by merger to Five Star Quality Care Trust), as sublandlord, and Five Star Quality Care-VA, LLC, as subtenant, and that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.
 
	
            16.
 	
            Sublease Agreement, dated September 30, 2003, by and between FVE-CHS LLC (predecessor by merger to Five Star Quality Care Trust), as sublandlord, and Five Star Quality Care-CA, LLC, a Delaware limited liability company, as subtenant, as amended by that certain Letter Agreement dated March 1, 2004 by and among Five Star Quality Care 
 

 

 

 

 

Trust, as sublandlord, and Certain Affiliates of Five Star Quality Care, Inc., as subtenants.

	
            17.
 	
            Sublease Agreement, dated March 1, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and The Heartlands Retirement Community - Ellicott City I, Inc., a Maryland corporation, as subtenant.
 
	
            18.
 	
            Sublease Agreement, dated June 23, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-MO, LLC, a Delaware limited liability company, as subtenant.
 
	
            19.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Morningside of Skipwith-Richmond, LLC, a Delaware limited liability company, as subtenant.
 
	
            20.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Morningside of Newport News, LLC, a Delaware limited liability company, as subtenant.
 
	
            21.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Morningside of Charlottesville, LLC, a Delaware limited liability company, as subtenant.
 
	
            22.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Morningside of Bellgrade, Richmond, LLC, a Delaware limited liability company, as subtenant.
 
	
            23.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Morningside of Gallatin, LLC, a Delaware limited liability company, as subtenant.
 
	
            24.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Morningside of Anderson, L.P., a Delaware limited partnership, as subtenant.
 
	
            25.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Morningside of Kentucky, Limited Partnership, a Delaware limited partnership, as subtenant.
 

 

 

 

 

 

	
            26.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Morningside of Evans, Limited Partnership, a Delaware limited partnership, as subtenant.
 
	
            27.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Morningside of Athens, Limited Partnership, a Delaware limited partnership, as subtenant.
 
	
            28.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Morningside of Columbus, L.P., a Delaware limited partnership, as subtenant.
 
	
            29.
 	
            Sublease Agreement, dated November 19, 2004, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Morningside of Dalton, Limited Partnership, a Delaware limited partnership, as subtenant.
 
	
            30.
 	
            Sublease Agreement, dated May 6, 2005, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-CA II, LLC, a Delaware limited liability company, as subtenant.
 
	
            31.
 	
            Amended and Restated Sublease Agreement, dated June 3, 2005, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-GA, LLC, a Delaware limited liability company, as subtenant.
 
	
            32.
 	
            Amended and Restated Sublease Agreement, dated June 3, 2005, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Five Star Quality Care-NE, LLC, a Delaware limited liability company, as subtenant.
 
	
            33.
 	
            Sublease Agreement, dated June 3, 2005, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Morningside of Belmont, LLC, a Delaware limited liability company, as subtenant.
 
	
            34.
 	
            Sublease Agreement, dated June 3, 2005, by and between Five Star Quality Care Trust, a Maryland business trust, as sublandlord, and Morningside of Greenwood, L.P., a Delaware limited partnership, as subtenant.
 

 

 

 

 

 

SCHEDULE 6

 

EXHIBIT B

Pledged Interests

 

All of the stock, membership interests or other ownership interests in the following entities:

 

	
            1.
 	
            Five Star Quality Care-AZ, LLC
 	
             

	
            2.
 	
            Five Star Quality Care-CA, LLC
 	
             

	
            3.
 	
            Five Star Quality Care-CA II, LLC
 	
             

	
            4.
 	
            Five Star Quality Care-Colorado, LLC
 	
             

	
            5.
 	
            Five Star Quality Care-CT, LLC
 	
             

	
            6.
 	
            Five Star Quality Care-GA, LLC
 	
             

	
            7.
 	
            Five Star Quality Care-IA, LLC
 	
             

	
            8.
 	
            Five Star Quality Care-KS, LLC
 	
             

	
            9.
 	
            Five Star Quality Care-MD, LLC
 	
             

	
            10.
 	
            Five Star Quality Care-MO, LLC
 	
             

	
            11.
 	
            Five Star Quality Care-NC, LLC
 	
             

	
            12.
 	
            Five Star Quality Care-NE, LLC
 	
             

	
            13.
 	
            Five Star Quality Care-VA, LLC
 	
             

	
            14.
 	
            Five Star Quality Care-WI, LLC
 	
             

	
            15.
 	
            Five Star Quality Care-WY, LLC
 	
             

	
            16.
 	
            Morningside of Skipwith-Richmond, LLC
 	
             

	
            17.
 	
            Morningside of Newport News, LLC
 	
             

	
            18.
 	
            Morningside of Charlotteville, LLC
 	
             

	
            19.
 	
            Morningside of Bellgrade, Richmond, LLC
 	
             

	
            20.
 	
            Morningside of Gallatin, LLC
 	
             

	
            21.
 	
            Morningside of Anderson, L.P.
 	
             

	
            22.
 	
            Morningside of Kentucky, Limited Partnership
 	
             

	
            23.
 	
            Morningside of Evans, Limited Partnership
 	
             

	
            24.
 	
            Morningside of Athens, Limited Partnership
 	
             

	
            25.
 	
            Morningside of Columbus, L.P.
 	
             

	
            26.
 	
            Morningside of Dalton, Limited Partnership
 	
             

	
            27.
 	
            Five Star Quality Care-CA, Inc.
 	
             

	
            28.
 	
            Five Star Quality Care-IA, Inc.
 	
             

	
            29.
 	
            Five Star Quality Care-NE, Inc.
 	
             

	
            30.
 	
            The Heartlands Retirement Community-Ellicott City I, Inc.
 
	
            31.
 	
            Morningside of Belmont, LLC
 	
             

	
            32.
 	
            Morningside of Greenwood, L.P.

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