Document:

Exhibit 10.1

 

LEASE REALIGNMENT AGREEMENT

 

This
Lease Realignment Agreement (this “Agreement”) is made August 4,
2009, among Senior Housing Properties Trust (“SNH”) and its subsidiaries
listed on the signature page to this Agreement (together with SNH, the “SNH
Parties”) and Five Star Quality Care, Inc. (“Five Star”) and
its subsidiaries listed on the signature page to this Agreement (together
with Five Star, the “Five Star Parties” and together with the SNH
Parties, the “Parties”).

 

RECITAL

 

Certain
of the SNH Parties and certain of the Five Star Parties are, respectively,
landlords and tenants under the leases listed on Schedule A
(collectively, the “Leases”) of skilled nursing, intermediate care,
independent living, assisted living, special care and group home facilities,
rehabilitation hospital, clinic or professional level health or medical
services facilities, and other healthcare properties identified in the Leases
(collectively, “Leased Properties”).

 

To
facilitate a term loan (“Term Loan”) to be made to SNH FM Financing LLC,
a wholly owned subsidiary of SNH (“SNH Financing”), by Citibank, N.A. (“Citibank”),
the Parties have agreed to (a) amend and restate the Leases numbered 1-4
on Schedule A (collectively, as amended and restated, the “Amended
and Restated Leases”) to, inter alia,
change the pools of Leased Properties demised thereunder and to further amend
(the “First Amendment”) the Amended and Restated Lease under which the
Leased Properties identified on Schedule B (the “Mortgaged Properties”)
will be leased (the “Term Loan Lease”), (b) amend and restate the
security agreements from the tenants under the Amended and Restated Leases
(collectively, the “Amended and Restated Security Agreements”), (c) amend
and restate certain of the subleases under the Amended and Restated Leases,
(collectively, the “Amended and Restated Subleases”), (d) amend and
restate the security agreements from the subtenants under the Amended and
Restated Subleases (collectively, the “Amended and Restated Subtenant
Security Agreements”), (e) amend and restate the Five Star guarantees
and the subtenants’ guarantees of the Amended and Restated Leases
(collectively, the “Amended and Restated Guarantys”), (f) terminate
all pledges of equity interests of tenants and subtenants under the Leases and
an assignment and security agreement with respect to reserves for furniture,
fixtures and equipment thereunder (collectively, the “Termination Agreements”),
(g) the sale by certain of the Five Star Parties to the SNH Party that is
the landlord under the Term Loan Lease of furniture, fixtures and equipment
(the “FF&E”) located at the Mortgaged Properties, (h) the
pledge by certain of the Five Star Parties to Citibank of inventory and
equipment used at the Mortgaged Properties and leases, rents, contracts and
accounts receivable relating to or arising from operation of the Mortgaged
Properties pursuant to Subordination, Assignment and Security Agreements (the “SASAs”)
and certain further amendments to the Term Loan Lease as provided therein, and (i) conform
certain reporting and operational obligations of those Five Star Parties which
are tenants and/or operators of the Mortgaged Properties to those required by
the Term Loan.

 

In
addition, to facilitate the Term Loan, certain of the Five Star Parties have
been in negotiation with Citibank with respect to agreements and instruments to
be executed and delivered by them in connection therewith and with Wachovia
Bank, National Association (“Wachovia”) with respect to amendments to
their credit facility with Wachovia.

 

 

In
connection with all of the foregoing, the Parties have agreed to certain
accommodations to facilitate the Term Loan.

 

Now,
therefore, the Parties agree:

 

1.                                       Execution and Delivery. 
Contemporaneously with the closing of the Term Loan, the Amended and
Restated Leases, the First Amendment, the Amended and Restated Security
Agreements, the Amended and Restated Subleases, the Amended and Restated
Subtenant Security Agreements, the Amended and Restated Guarantys, the
Termination Agreements, the SASAs, bills of sale for the FF&E and all other
agreements, instruments and documents required in connection therewith will be
executed and delivered by the SNH Parties and the Five Star Parties which are
parties thereto in the forms agreed to by such Parties.

 

2.                                       Common Stock. 
Contemporaneously with the closing of the Term Loan, SNH will purchase
and Five Star will sell 3,200,000 shares of Five Star’s common stock, par value
$0.01 (the “FVE Common Stock”), and Five Star and SNH will enter into a
Registration Rights Agreement in the form of Exhibit A (the “Registration
Rights Agreement”); provided, however, that Five Star shall not issue the
FVE Common Stock to SNH until Five Star receives notification from the NYSE
Amex LLC of the NYSE Amex LLC’s approval for listing with the NYSE Amex LLC the
FVE Common Stock to be issued by Five Star to SNH pursuant to this Section 2.  Five Star agrees to submit within five
business days of the date of this Agreement a listing application with the NYSE
Amex LLC for listing approval with the NYSE Amex LLC of the FVE Common Stock.

 

3.                                       Consideration. 
In consideration for the purchase and sale of the FF&E, the FVE
Common Stock and certain other accommodations afforded the SNH Parties by the
FVE Parties as contemplated by this Agreement and the other agreements,
instruments and documents executed and delivered in connection with the
transactions contemplated hereby, and as reimbursement for certain internal
costs of the Five Star Parties, contemporaneously with the closing of the Term
Loan, SNH will pay Five Star $18,600,000 in cash and effect the rent reduction
provided in Section 5 hereof.

 

4.                                       Expenses.  Upon receipt
of invoices and in addition to the payment provided in Section 3 hereof,
SNH will pay all past and future out-of-pocket costs and expenses, including
attorney’s fees, incurred by the Five Star Parties in connection with or
arising from the negotiation and closing of the transactions contemplated by
this Agreement (but not costs and expenses of continued maintenance or
compliance) and the other agreements, instruments and documents executed and
delivered in connection with the transactions contemplated hereby, including
all past and future costs and expenses in connection with or arising from the
organization (but not the continued maintenance) of additional subsidiaries and
licensing.

 

5.                                       Rent Reduction. 
Minimum Rent (defined in the Amended and Restated Leases) for the
Amended and Restated Lease which includes the Leased Properties known as the
New England Rehabilitation Hospital and the Braintree Rehabilitation Hospital
will, upon closing of the Term Loan, be reduced by an annual amount equal to
$2,000,000 until the expiration or sooner termination of the Fixed Term (as
defined in that Amended and Restated Lease).

 

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6.                                       Uneconomic Properties. 
So long as the First Amendment is effective (as such amendment may be
amended or modified from time to time), if the tenant under the Term Loan Lease
reasonably determines that it is no longer economically practical to operate a
Mortgaged Property as it is then operated and desires to market such Mortgaged
Property for sale or to replace such Mortgaged Property with another property
which is not then a Mortgaged Property, then upon notice to SNH with supporting
information, to the extent SNH Financing may then do so in compliance with its
covenants under the Term Loan, and so long as SNH Financing would not be
subject to any make-whole or similar payment, the landlord under the Term Loan
Lease will reasonably cooperate with the tenant and negotiate in good faith
with Citibank (or its successors) to permit such a sale or replacement of such
Mortgaged Property, subject to any required prepayment of the Term Loan not
being in excess of the sale proceeds if the Mortgaged Property is sold or, if
the Mortgaged Property is to be replaced, to no prepayment being required, and
to permit an amendment of the Term Loan Lease to reduce the Minimum Rent
(defined in the Term Loan Lease) upon such sale, consistent with the terms of
the Term Loan Lease as in effect immediately prior to the effectiveness of the
First Amendment, or upon such replacement, to adjust the Minimum Rent, if
appropriate, on terms acceptable to the landlord and tenant.  To the extent such sale or replacement could
not be done by SNH Financing in compliance with its covenants under the Term
Loan, SNH Financing shall negotiate in good faith with Citibank (or its
successors) to obtain the consent of Citibank (or its successors) to such sale
or replacement, subject to the other qualifications of the immediately
preceding sentence.

 

7.                                       Cooperation. 
Each of the Parties will use commercially reasonable efforts to take, or
cause to be taken, all actions and to do, or cause to be done, all things
necessary, proper or advisable to consummate and make effective the
transactions contemplated by this Agreement and to cooperate with each other in
connection with the foregoing, whether before or after the closing of the Term
Loan.  Additionally, the Five Star
Parties will timely provide the SNH Parties with information and documentation
reflecting the historical cost basis of the Five Star Parties in the FF&E.

 

8.                                       Redemption and Compliance. 
Five Star shall not and shall cause its subsidiaries not to offer to
redeem or redeem any shares of Five Star common stock if as a result of such
redemption the FVE Common Stock issued to SNH by Five Star pursuant to this
Agreement would then represent more than 9.8% of the then issued and outstanding
shares of Five Star common stock; provided for these purposes, shares issued to
officers and employees which are subject to vesting or similar restrictions
shall not be deemed to be issued and outstanding.  Five Star will reasonably cooperate with any
SNH request involving SNH’s compliance with section 856(d)(2)(B) of the
Internal Revenue Code of 1986, as amended (including the applicable attribution
rules of section 856(d)(5)).

 

9.                                       Transfer Restrictions. 
Subject to ownership limitations in Five Star’s governing instruments,
as they may be in effect from time to time, for so long as Five Star may have
net operating loss carryforwards or similar tax benefits which may be applied
to Five Star’s future taxable income and the application of such loss carryforwards
or benefits may be limited as a result of ownership changes in Five Star’s
stock pursuant to applicable tax law, regulations or rules, SNH shall not sell,
dispose or otherwise transfer, or offer to do the same, without Five Star’s
prior written consent (not to be unreasonably withheld, conditioned or
delayed), any shares of the FVE Common Stock.

 

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10.                                 Indemnity.  Should any of
the Parties default in its obligations under the Term Loan or any agreement,
document or instrument executed in connection therewith, such defaulting
Parties will pay or reimburse any other Party for any cost, expense, loss or
damage suffered or incurred by such other Party as a result of such default.

 

11.                                 Representations and Warranties of Five
Star Parties.  The Five Star Parties represent and warrant
to the SNH Parties that:

 

(a)                                  Organization. 
Each of the Five Star Parties is duly organized, validly existing and in
good standing under the laws of its jurisdiction or organization and has full
corporate, trust, limited liability company or limited partnership power and
authority to conduct its business as it is now being conducted and to own,
operate or lease its properties and assets.

 

(b)                                 Authorization. 
Each of the Five Star Parties has all requisite corporate, trust,
limited liability company or limited partnership power and authority to execute
and deliver this Agreement and the other agreements, documents or instruments
which it is required to execute and deliver in connection with this Agreement
and the transactions contemplated hereby and to perform its respective
obligations hereunder and thereunder. 
The execution and delivery by each of the Five Star Parties of this
Agreement and the other agreements, documents or instruments which they are
required to execute and deliver in connection with this Agreement and the
transactions contemplated hereby and the consummation by each of the
transactions contemplated hereby have been duly authorized by all necessary
corporate, trust, limited liability company or limited partnership action.  This Agreement and the other agreements,
documents or instruments required to be executed and delivered by each of the
Five Star Parties in connection this Agreement and the transactions contemplated
hereby has been duly and validly executed and delivered by each of the Five
Star Parties party thereto and, assuming due authorization, execution and
delivery by each of the other Parties, constitutes the legal, valid and binding
obligation of such Five Star Parties, enforceable against each of the Five Star
Parties in accordance with its terms, except as such enforcement may be subject
to (i) bankruptcy, insolvency, reorganization, moratorium, fraudulent
transfer or other similar laws relating to creditors’ rights generally, (ii) general
principles of equity (whether applied in a proceeding at law or in equity) and (iii) any
implied covenant of good faith and fair dealing.

 

(c)                                  No Violation. 
The execution and delivery by each of the Five Star Parties of this
Agreement and the agreements, documents or instruments required to be executed
and delivered by them in connection with the transactions contemplated hereby
does not, and the consummation by each of them of the transactions contemplated
hereby will not, (i) conflict with, or result in any violation of or
default under, any provision of the governing instruments of the Five Star
Parties; (ii) conflict with or result in any violation of or default
under, any law or judgment applicable to any such entity, or to which any of
their respective properties are subject; or (iii) conflict with, or, with
or without notice or the lapse of time, result in a breach, termination (or
right of termination) or violation of or default under the terms of any
agreement, contract, indenture or other instrument to 

 

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which any such entity is a party or subject, or to
which any of its respective properties are subject.

 

(d)                                 Approvals.  The execution
and delivery by each of the Five Star Parties of this Agreement and the
agreements, documents or instruments required to executed and delivered by them
in connection with this Agreement and the other transactions contemplated
hereby and the consummation by it of the transactions contemplated hereby do
not require the consent, approval, order, or authorization of any person under
any agreement, contract, indenture or other instrument or laws to which any
Five Star Party is a party or subject or to which any of its respective properties
are subject, and no declaration, filing or registration with any governmental
entity is required by any such entity in connection with the execution and
delivery of this Agreement and the consummation by it of the transactions
contemplated by this Agreement, except for consents which have been obtained
and filings required under securities laws.

 

(e)                                  FF&E.  The Five Star
Parties have, or will have at the closing of the Term Loan, title to all of the
FF&E, free and clear of any liens or encumbrances, subject to SNH’s right
and obligation to acquire the FF&E pursuant to this Agreement.

 

(f)                                    Common Shares. 
The FVE Common Stock to be issued to SNH, when issued in accordance with
the terms of this Agreement, will be duly authorized, validly issued, fully
paid and non-assessable and not subject to any preemptive rights and issued in
compliance with all applicable laws.  As
of the date of this Agreement and after giving effect to the issuance of the
FVE Common Stock, the FVE Common Stock to be issued to SNH by Five Star will
represent approximately 9.03% of the issued and outstanding shares of common
stock of Five Star.

 

12.                                 Representations and Warranties of SNH. 
The SNH Parties represent and warrant to the Five Star Parties:

 

(a)                                  Organization.  Each of the
SNH Parties is duly organized, validly
existing and in good standing under the laws of its jurisdiction or
organization and has full corporate, real estate investment trust, limited
liability company or limited partnership power and authority to conduct its business
as it is now being conducted and to own, operate or lease its properties and
assets.

 

(b)                                 Authorization. 
Each of the SNH Parties has all requisite corporate, trust, limited
liability company or limited partnership power and authority to execute and deliver
this Agreement and the other agreements, documents or instruments which it is
required to execute and deliver in connection with this Agreement and the
transactions contemplated hereby and to perform its respective obligations
hereunder and thereunder.  The execution
and delivery by each of the SNH Parties of this Agreement and the other
agreements, documents or instruments which they are required to execute and
deliver in connection with this Agreement and the transactions contemplated
hereby and the consummation by each of the transactions contemplated hereby
have been duly authorized by all necessary corporate, trust, limited liability
company or limited partnership action. 
This Agreement and the other agreements, documents or instruments
required to be executed and delivered by each of the SNH Parties in connection
this 

 

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Agreement and the transactions contemplated hereby has
been duly and validly executed and delivered by each of the SNH Parties party
thereto and, assuming due authorization, execution and delivery by each of the
other Parties, constitutes the legal, valid and binding obligation of such SNH
Parties, enforceable against each of the SNH Parties in accordance with its
terms, except as such enforcement may be subject to (i) bankruptcy,
insolvency, reorganization, moratorium, fraudulent transfer or other similar
laws relating to creditors’ rights generally, (ii) general principles of
equity (whether applied in a proceeding at law or in equity) and (iii) any
implied covenant of good faith and fair dealing.

 

(c)                                  No Violation. 
The execution and delivery by each of the SNH Parties of this Agreement
and the agreements, documents or instruments required to be executed and
delivered by them in connection with the transactions contemplated hereby does
not, and the consummation by each of them of the transactions contemplated
hereby will not, (i) conflict with, or result in any violation of or
default under, any provision of the governing instruments of any of the SNH
Parties; (ii) conflict with or result in any violation of or default
under, any law or judgment applicable to any such entity, or to which any of
their respective properties are subject; or (iii) conflict with, or, with
or without notice or the lapse of time, result in a breach, termination (or
right of termination) or violation of or default under the terms of any
agreement, contract, indenture or other instrument to which any such entity is
a party or subject, or to which any of its respective properties are subject.

 

(d)                                 Approvals.  The execution
and delivery by each of the SNH Parties of this Agreement and the agreements,
documents or instruments required to executed and delivered by them in
connection with this Agreement and the other transactions contemplated hereby
and the consummation by it of the transactions contemplated hereby do not
require the consent, approval, order, or authorization of any person under any
agreement, contract, indenture or other instrument or laws to which any SNH
Party is a party or subject or to which any of its respective properties are
subject, and no declaration, filing or registration with any governmental
entity is required by any such entity in connection with the execution and
delivery of this Agreement and the consummation by it of the transactions
contemplated by this Agreement, except for consents which have been obtained
and filings required under securities laws.

 

(e)                                  Private Placement.

 

(i)                                     SNH is (A) an “accredited investor”
within the meaning of Rule 501 of Regulation D promulgated under the
Securities Act of 1933, as amended (the “Securities Act”); (B) aware
that the sale of the FVE Common Stock to it is being made in reliance on a
private placement exemption from registration under the Securities Act and (C) acquiring
the FVE Common Stock for its own account.

 

(ii)                                  SNH understands and agrees that the FVE
Common Stock is being offered in a transaction not involving any public
offering within the meaning of the Securities Act, that the FVE Common Stock
has not been registered under the Securities Act and that the FVE Common Stock
may be offered, resold, pledged 

 

6

 

or otherwise transferred only (A) in a
transaction not involving a public offering, (B) pursuant to an exemption
from registration under the Securities Act, or (C) to Five Star or one of
its subsidiaries, in each of cases (A) through (C) in accordance with
any applicable securities laws of any State of the United States, and that it will
notify any subsequent purchaser of the FVE Common Stock from it of the resale
restrictions referred to above, as applicable.

 

(iii)                               SNH understands that, unless sold
pursuant to a registration statement that has been declared effective under the
Securities Act or in compliance with Rule 144 promulgated thereunder, Five
Star may require that the FVE Common Stock will bear a legend or other
restriction substantially to the effect provided in Section 14(a) hereof.

 

(iv)                              SNH:

 

(A)                              is able to fend for itself in the
transactions contemplated hereby;

 

(B)                                has such knowledge and experience in financial and business
matters as to be capable of evaluating the merits and risks of its prospective
investment in the FVE Common Stock; and

 

(C)                                has the ability to bear the economic
risks of its prospective investment and can afford the complete loss of such
investment.

 

(v)                                 SNH acknowledges that (A) it has
conducted its own investigation of Five Star and the terms of the FVE Common
Stock, (B) it has had access to Five Star’s public filings with the
Securities and Exchange Commission and to such financial and other information
as it deems necessary to make its decision to purchase the FVE Common Stock,
and (C) has been offered the opportunity to conduct such review and analysis
of the business, assets, condition, operations and prospects of Five Star and
its subsidiaries and to ask questions of Five Star and received answers
thereto, each as it deemed necessary in connection with the decision to
purchase the FVE Common Stock.  SNH
further acknowledges that it has had such opportunity to consult with its own
counsel, financial and tax advisors and other professional advisers as it
believes is sufficient for purposes of the purchase of the FVE Common Stock.

 

(vi)                              SNH understands that Five Star will rely
upon the truth and accuracy of the foregoing representations, acknowledgements
and agreements.

 

13.                                 Issuance of Common Shares. 
It is agreed that the issuance of the FVE Common Stock will not
constitute a prohibited Change of Control (defined in the Term Loan Lease).

 

14.                                 Legends.  SNH
understands and agrees that any certificate or account statement representing
the FVE Common Stock shall bear legends or other restrictions substantially to
the 

 

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following effect (it being agreed that if the FVE Common Stock is not
certificated, other appropriate restrictions shall be implemented to give
effect to the following):

 

(a)                                  “THIS SECURITY WAS ORIGINALLY ISSUED IN A
TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF
1933, AS AMENDED, (THE “SECURITIES ACT”), AND THIS SECURITY MAY NOT BE
OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR
AN APPLICABLE EXEMPTION THEREFROM.  THE
HOLDER OF THIS SECURITY AGREES FOR THE BENEFIT OF THE COMPANY THAT THIS
SECURITY MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (A) IN
A TRANSACTION NOT INVOLVING A PUBLIC OFFERING, (B) PURSUANT TO ANY OTHER
EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, INCLUDING
RULE 144 PROMULGATED UNDER THE SECURITIES ACT (IF AVAILABLE), OR (C) PURSUANT
TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF
CASES (A) THROUGH (C) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS
OF ANY STATE OF THE UNITED STATES.”;

 

(b)                                 “THIS SECURITY IS SUBJECT TO AND MAY ONLY
BE TRANSFERRED IN ACCORDANCE WITH THE TERMS OF THE LEASE REALIGNMENT AGREEMENT,
DATED AS OF AUGUST [_], 2009, AMONG SENIOR HOUSING PROPERTIES TRUST, FIVE STAR
QUALITY CARE, INC. AND CERTAIN OF THEIR RESPECTIVE SUBSIDIARIES, A COPY OF
WHICH IS ON FILE WITH THE SECRETARY OF FIVE STAR QUALITY CARE, INC.”;

 

(c)                                  any legend generally appearing on
certificates or account statements for the Company’s shares; and

 

(d)                                 any legend required by applicable state
securities laws.

 

15.                                 No Amendment of Financing Documents. 
None of the SNH Parties shall enter, effect or cause any amendment or
modification to the Term Loan or any other agreement, document or instrument
with respect thereto if such amendment or modification would be materially
adverse to Five Star without the prior written consent of FVE (not to be
unreasonably withheld, conditioned or delayed) and any other applicable FVE
Party.

 

16.                                 Arbitration.

 

(a)                                  Any disputes, claims or controversies
between any SNH Party on the one hand and any Five Star Party on the other hand
(i) arising out of or relating to this Agreement or the transactions
contemplated hereby, or (ii) brought by or on behalf of any shareholder of
either SNH or Five Star (which, for purposes of this Section 16, shall
mean any shareholder of record or any beneficial owner of shares of either SNH
or Five Star, or any former shareholder of record or beneficial owner of shares
of either SNH or Five Star), either on its own behalf, on behalf of either SNH
or Five Star or on behalf of any series or class of shares of either SNH or
Five Star or shareholders of either SNH or Five Star against either SNH or Five
Star or any trustee, director, officer, manager 

 

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(including Reit Management & Research LLC or
its successor), agent or employee of either SNH or Five Star, including
disputes, claims or controversies relating to the meaning, interpretation,
effect, validity, performance or enforcement of this Agreement, the declaration
of trust or the bylaws of SNH or the charter or bylaws of Five Star (all of
which are referred to as “Disputes”) or relating in any way to such a
Dispute or Disputes, shall on the demand of any party to such Dispute be
resolved through binding and final arbitration in accordance with the
Commercial Arbitration Rules (the “Rules”) of the American
Arbitration Association (“AAA”) then in effect, except as modified
herein.  For the avoidance of doubt, and
not as a limitation, Disputes are intended to include derivative actions
against trustees, directors, managers or officers of either SNH or Five Star
and class actions by a shareholder of either SNH or Five Star against those
individuals or entities and either SNH and Five Star.

 

(b)                                 There shall be three arbitrators.  If there are (i) only two parties to the
Dispute, each party shall select one arbitrator within 15 days after receipt by
respondent of a copy of the demand for arbitration and (ii) more than two
parties to the Dispute, all claimants, on the one hand, and all respondents, on
the other hand, shall each select, by the vote of a majority of the claimants
or the respondents, as the case may be, one arbitrator.  The two party-nominated arbitrators shall
jointly nominate the third and presiding arbitrator within 15 days of the
nomination of the second arbitrator.  If
any arbitrator has not been nominated within the time limit specified herein,
then the AAA shall provide a list of proposed arbitrators in accordance with
the Rules, and the arbitrator shall be appointed by the AAA in accordance with
a listing, striking and ranking procedure, with each party having a limited
number of strikes, excluding strikes for cause. 
For the avoidance of doubt, the arbitrators appointed by the parties to
such Dispute may be affiliates or interested persons of such parties but the
third arbitrator elected by the party arbitrators or by the AAA shall be
unaffiliated with either party.

 

(c)                                  The place of arbitration shall be Boston,
Massachusetts unless otherwise agreed by the parties.

 

(d)                                 There shall be only limited documentary
discovery of documents directly related to the issues in dispute, as may be
ordered by the arbitrators.

 

(e)                                  In rendering an award or decision (the “Award”),
the arbitrators shall be required to follow the laws of The Commonwealth of
Massachusetts.  Any arbitration
proceedings or Award rendered hereunder and the validity, effect and
interpretation of this arbitration agreement shall be governed by the Federal
Arbitration Act, 9 U.S.C. §1 et seq.  The
Award shall be in writing and may, but shall not be required to, briefly state
the findings of fact and conclusions of law on which it is based.

 

(f)                                    Except to the extent expressly provided
by this Agreement or as otherwise agreed between the parties, each party
involved in a Dispute shall bear its own costs and expenses (including
attorneys’ fees), and the arbitrators shall not render an award that would
include shifting of any such costs or expenses (including attorneys’ fees) or,
in a derivative case or class action by a shareholder of either SNH or Five
Star, award any portion of SNH’s or Five Star’s award to the claimant or the
claimant’s attorneys.  Each 

 

9

 

party (or, if there are more than two parties to the
Dispute, all claimants, on the one hand, and all respondents, on the other
hand, respectively) shall bear the costs and expenses of its (or their)
selected arbitrator and the parties (or, if there are more than two parties to
the Dispute, all claimants, on the one hand, and all respondents, on the other
hand) shall equally bear the costs and expenses of the third appointed
arbitrator.

 

(g)                                 The Award shall be final and binding upon
the parties thereto and shall be the sole and exclusive remedy between such
parties relating to the Dispute, including any claims, counterclaims, issues or
accounting presented to the arbitrators. 
Judgment upon the Award may be entered in any court having
jurisdiction.  To the fullest extent
permitted by law, no application or appeal to any court of competent
jurisdiction may be made in connection with any question of law arising in the
course of arbitration or with respect to any award made except for actions
relating to enforcement of this agreement to arbitrate or any arbitral award
issued hereunder and except for actions seeking interim or other provisional
relief in aid of arbitration proceedings in any court of competent
jurisdiction.

 

(h)                                 Any monetary award shall be made and
payable in U.S. dollars free of any tax, deduction or offset.  The party against which the Award assesses a
monetary obligation shall pay that obligation on or before the 30th day following
the date of the Award or such other date as the Award may provide.

 

17.                                 Miscellaneous.

 

(a)                                  No Waiver.  No failure by
any Party to insist upon the strict performance of any term hereof or to
exercise any right, power or remedy consequent upon a breach thereof shall
constitute a waiver of any such breach or of any such term.  To the maximum extent permitted by law, no
waiver of any breach shall affect or alter this Agreement, which shall continue
in full force and effect with respect to any other then existing or subsequent
breach.

 

(b)                                 Severability. 
Any clause, sentence, paragraph, section or provision of this Agreement
held by a court of competent jurisdiction to be invalid, illegal or ineffective
shall not impair, invalidate or nullify the remainder of this Agreement, but
rather the effect thereof shall be confined to the clause, sentence, paragraph,
section or provision so held to be invalid, illegal or ineffective, and this
Agreement shall be construed as if such invalid, illegal or ineffective
provisions had never been contained therein.

 

(c)                                  Notices.

 

(i)                                     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 telecopy with written acknowledgment
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).

 

10

 

(ii)                                  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 acknowledged receipt, in the case of a notice by
telecopy, 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.

 

(iii)                               All such notices shall be addressed,

 

if to any SNH Party:

 

Senior Housing Properties
Trust

400 Centre Street

Newton, Massachusetts  02458

Attn:  David J. Hegarty, President

Facsimile:  (617) 796-8349

 

with a copy to (which
shall not constitute notice):

 

Sullivan &
Worcester LLP

One Post Office Square

Boston, Massachusetts  02109

Attn:  Richard Teller

Facsimile: (617) 338-2880

 

if to any Five Star
Party:

 

Five Star Quality Care, Inc.

400 Centre Street

Newton, Massachusetts  02458

Attn:  Bruce J. Mackey, Jr.,
President

Facsimile:  (617) 658-1751

 

with a copy to (which
shall not constitute notice):

 

Skadden,
Arps, Slate, Meagher & Flom LLP

One Beacon Street

Boston, Massachusetts  02108

Attn.:  Louis A. Goodman

Facsimile:  (617) 573-4822

 

(iv)                              By notice given as herein provided, the
Parties and their respective successors 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 and 

 

11

 

facsimile numbers 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.

 

(d)                                 Waiver;
Successors and Assigns.   Neither this Agreement nor any provision
hereof may be changed, waived, discharged or terminated except by an instrument
in writing signed by the Party to be charged. 
All the terms and provisions of this Agreement shall be binding upon and
inure to the benefit of the Parties and their respective successors and
assigns.

 

(e)                                  Counterparts;
Headings.   This Agreement may
be executed in two or more counterparts, each of which shall constitute an
original, but which, when taken together, shall constitute but one instrument
and shall become effective as of the date hereof when copies hereof, which,
when taken together, bear the signatures of each of the Parties shall have been
signed.  Headings in this Agreement are
for purposes of reference only and shall not limit or affect the meaning of the
provisions hereof.

 

(f)                                    Applicable Law,
Etc.  Except as to matters regarding the internal
affairs of a Party and issues of or limitations on any personal liability of
the shareholders, members and limited partners and trustees, directors,
managers and general partners of a Party, as to which the laws of a Party’s
jurisdiction of formation or organization shall govern, this Agreement shall be
interpreted, construed, applied and enforced in accordance with the laws of The
Commonwealth of Massachusetts without giving effect to the principles of
conflicts of laws thereof that would require the application of any law of
another jurisdiction.

 

(g)                                 Attorneys’ Fees. 
If any lawsuit or arbitration or other legal proceeding arises in
connection with the interpretation or enforcement of this Agreement solely
among the Parties, the prevailing Party therein shall be entitled to receive
from the other Party the prevailing Party’s costs and expenses, including
reasonable attorneys’ fees incurred in connection therewith, in preparation
therefor and on appeal therefrom, which amounts shall be included in any
judgment therein.

 

(h)                                 Non-liability of Trustees and Directors.

 

(i)                                     THE DECLARATIONS OF
TRUST ESTABLISHING CERTAIN OF THE PARTIES, COPIES OF WHICH, TOGETHER WITH ALL
AMENDMENTS THERETO OR RESTATEMENTS THEREOF (THE “DECLARATIONS”), ARE DULY FILED
IN THE OFFICE OF THE STATE DEPARTMENT OF ASSESSMENTS AND TAXATION OF MARYLAND
PROVIDE THAT NO TRUSTEE, OFFICER, SHAREHOLDER, EMPLOYEE OR AGENT OF SUCH
PARTIES SHALL BE HELD TO ANY PERSONAL LIABILITY, JOINTLY OR SEVERALLY, FOR ANY
OBLIGATION OF, OR CLAIM AGAINST, SUCH PARTIES. 
ALL PERSONS DEALING WITH SUCH PARTIES, IN ANY WAY, SHALL LOOK ONLY TO
THE ASSETS OF SUCH PARTIES FOR THE PAYMENT OF ANY SUM OR THE PERFORMANCE OF ANY
OBLIGATION.

 

12

 

(ii)                                  A COPY OF THE ARTICLES OF INCORPORATION,
AS IN EFFECT ON THE DATE HEREOF, OF FIVE STAR, TOGETHER WITH ALL AMENDMENTS AND
SUPPLEMENTS THERETO, IS DULY FILED IN THE OFFICE OF THE STATE DEPARTMENT OF
ASSESSMENTS AND TAXATION OF MARYLAND.  NO
DIRECTOR, OFFICER, SHAREHOLDER, EMPLOYEE OR AGENT OF FIVE STAR SHALL BE HELD TO
ANY PERSONAL LIABILITY, JOINTLY OR SEVERALLY, FOR ANY OBLIGATION OF, OR CLAIM
AGAINST, FIVE STAR.  ALL PERSONS DEALING
WITH FIVE STAR, IN ANY WAY, SHALL LOOK ONLY TO THE ASSETS OF FIVE STAR FOR THE
PAYMENT OF ANY SUM OR THE PERFORMANCE OF ANY OBLIGATION.

 

Signatures
appear on the pages to follow

 

13

 

Executed
under seal as of the date first above written.

 

	
   

  	
  SENIOR HOUSING PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  SNH FM FINANCING TRUST

  
	
   

  	
   

  
	
   

  	
  ELLICOTT CITY LAND I, LLC

  
	
   

  	
   

  
	
   

  	
  SNH SOMERFORD PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  SPTMNR PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  SNH/LTA PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  SPTIHS PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  SNH CHS PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  SNH/LTA PROPERTIES GA LLC

  
	
   

  	
   

  
	
   

  	
  SPTMNR PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  SNH/LTA PROPERTIES GA LLC

  
	
   

  	
   

  
	
   

  	
  SNH/LTA PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  O.F.C. CORPORATION

  
	
   

  	
   

  
	
   

  	
  SNH CHS PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  CCC OF KENTUCKY TRUST

  
	
   

  	
   

  
	
   

  	
  LEISURE PARK VENTURE LIMITED PARTNERSHIP

  
	
   

  	
  By:

  	
  CC
  Leisure Park Corporation,

  
	
   

  	
   

  	
  its
  General Partner

  
	
   

  	
   

  
	
   

  	
  CCDE SENIOR LIVING LLC

  
	
   

  	
   

  
	
   

  	
  CCOP SENIOR LIVING LLC

  
	
   

  	
   

  
	
   

  	
  CCC PUEBLO NORTE TRUST

  
	
   

  	
   

  
	
   

  	
  CCC RETIREMENT COMMUNITIES II, L.P.

  
	
   

  	
  By:

  	
  Crestline Ventures LLC,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  
	
   

  	
  CCC INVESTMENTS I, L.L.C.

  
	
   

  	
   

  
	
   

  	
  CCC FINANCING I TRUST

  
	
   

  	
   

  
	
   

  	
  CCC FINANCING LIMITED, L.P.

  
	
   

  	
  By:

  	
  CCC
  Retirement Trust,

  
	
   

  	
   

  	
  its
  General Partner

  
	
   

  	
   

  
	
   

  	
  SNH SOMERFORD PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  HRES 1 PROPERTIES TRUST

  

 

 

14

 

	
   

  	
  SNH NS PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  SNH/LTA PROPERTIES TRUST

  
	
   

  	
   

  
	
   

  	
  SNH/LTA PROPERTIES GA LLC

  
	
   

  	
   

  
	
   

  	
  CCOP SENIOR LIVING LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ David J. Hegarty

  
	
   

  	
   

  	
  Name:

  	
  David J. Hegarty

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  FIVE STAR QUALITY CARE, INC.

  
	
   

  	
   

  
	
   

  	
  FVE FM FINANCING, INC.

  
	
   

  	
   

  
	
   

  	
  FIVE STAR QUALITY CARE TRUST

  
	
   

  	
   

  
	
   

  	
  FS TENANT HOLDING COMPANY TRUST

  
	
   

  	
   

  
	
   

  	
  FS COMMONWEALTH LLC

  
	
   

  	
   

  
	
   

  	
  FS PATRIOT LLC

  
	
   

  	
   

  
	
   

  	
  FIVE STAR QUALITY CARE — NS TENANT,

  
	
   

  	
  LLC

  
	
   

  	
   

  
	
   

  	
  ANNAPOLIS
  HERITAGE PARTNERS, LLC

  
	
   

  	
   

  
	
   

  	
  COLUMBIA
  HERITAGE PARTNERS, LLC

  
	
   

  	
   

  
	
   

  	
  ENCINITAS
  HERITAGE PARTNERS, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-AZ, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-CA, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-COLORADO, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-FL, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-GA, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-GHV, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-IA, INC.

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-IA, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-MN, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-MO, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-MS, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-NE, INC.

  

 

15

 

	
   

  	
  FIVE
  STAR QUALITY CARE-NE, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-VA, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-WI, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-WY, LLC

  
	
   

  	
   

  
	
   

  	
  FREDERICK
  HERITAGE PARTNERS, LLC

  
	
   

  	
   

  
	
   

  	
  FRESNO
  HERITAGE PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP

  
	
   

  	
  By:
   Hamilton Place, LLC, its General Partner

  
	
   

  	
   

  
	
   

  	
  HAGERSTOWN
  HERITAGE PARTNERS, LLC

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF BELMONT, LLC

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF COLUMBUS, L.P.

  
	
   

  	
  By:
   LifeTrust America, Inc., its
  General Partner

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF DALTON, LIMITED PARTNERSHIP

  
	
   

  	
  By:
   LifeTrust America, Inc., its
  General Partner

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF EVANS, LIMITED PARTNERSHIP

  
	
   

  	
  By:
  LifeTrust America, Inc., its General Partner

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF GALLATIN, LLC

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF KENTUCKY, LIMITED PARTNERSHIP

  
	
   

  	
  By:
  LifeTrust America, Inc., its General Partner

  
	
   

  	
   

  
	
   

  	
  NEWARK
  HERITAGE PARTNERS I, LLC

  
	
   

  	
   

  
	
   

  	
  NEWARK
  HERITAGE PARTNERS II, LLC

  
	
   

  	
   

  
	
   

  	
  REDLANDS
  HERITAGE PARTNERS, LLC

  
	
   

  	
   

  
	
   

  	
  ROSEVILLE
  HERITAGE PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP

  
	
   

  	
  By:
   Hamilton Place, LLC, its General
  Partner

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-CA II, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-IN, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-KS, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-MD, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-TX, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-WI, LLC

  
	
   

  	
   

  
	
   

  	
  FS
  LAFAYETTE TENANT TRUST

  

 

16

 

	
   

  	
  FS
  LEISURE PARK TENANT TRUST

  
	
   

  	
   

  
	
   

  	
  FS
  LEXINGTON TENANT TRUST

  
	
   

  	
   

  
	
   

  	
  FS
  TENANT POOL I TRUST

  
	
   

  	
   

  
	
   

  	
  FS
  TENANT POOL II TRUST

  
	
   

  	
   

  
	
   

  	
  FS
  TENANT POOL III TRUST

  
	
   

  	
   

  
	
   

  	
  FS
  TENANT POOL IV TRUST

  
	
   

  	
   

  
	
   

  	
  FSQC-AL,
  LLC

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF ANDERSON, L.P.

  
	
   

  	
  By:
  LifeTrust America, Inc., its General Partner

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF ATHENS, LIMITED PARTNERSHIP

  
	
   

  	
  By:
  LifeTrust America, Inc., its General Partner

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-IL, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-KS, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-NJ, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-VA, LLC

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF GREENWOOD, L.P.

  
	
   

  	
  By:
  LifeTrust America, Inc.

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF SKIPWITH-RICHMOND,

  
	
   

  	
  LLC

  
	
   

  	
   

  
	
   

  	
  STOCKTON
  HERITAGE PARTNERS, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-MD, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-NC, LLC

  
	
   

  	
   

  
	
   

  	
  FIVE
  STAR QUALITY CARE-SAVANNAH, LLC

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF BELLGRADE, RICHMOND,

  
	
   

  	
  LLC

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF CHARLOTTESVILLE, LLC

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF NEWPORT NEWS, LLC

  
	
   

  	
   

  
	
   

  	
  THE
  HEARTLANDS RETIREMENT

  COMMUNITY-ELLICOTT CITY I, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bruce J. Mackey Jr.

  
	
   

  	
   

  	
  Name:

  	
  Bruce J. Mackey Jr.

  
	
   

  	
   

  	
  Title:

  	
  President

  

 

17

 

SCHEDULE A

Leases

 

1.                                       Amended and Restated Master Lease
Agreement (Lease No. 1), dated as of June 30, 2008, by and among
Ellicott City Land I, LLC, Ellicott City Land II, LLC, SNH CHS Properties
Trust, SPTIHS Properties Trust, SPTMNR Properties Trust, SNH/LTA Properties
Trust, SNH/LTA Properties GA LLC, and Savannah Square, Inc. (as Landlord)
and Five Star Quality Care Trust (as Tenant);

 

2.                                       Amended and Restated Master Lease
Agreement (Lease No. 2), dated as of June 30, 2008, by and among CCC
Financing I Trust, CCC of Kentucky Trust, CCC Ohio Healthcare Trust, CCC Pueblo
Norte Trust, CCC Investments I, L.L.C., CCCP Senior Living LLC, CCDE Senior
Living LLC, CCFL Senior Living LLC, CCOP Senior Living  LLC, CCSL Senior Living LLC, LTJ Senior
Communities LLC, CCC Financing Limited, L.P., CCC Retirement Trust, CCC
Retirement Communities II, L.P., HRES1 Properties Trust, Leisure Park Venture
Limited Partnership and Panther Holdings Level I, L.P., (as Landlord) and FS
Commonwealth LLC, FS Patriot LLC, FS Tenant Holding Company Trust, and FS
Tenant Pool III Trust (as Tenant);

 

3.                                       Amended and Restated Master Lease
Agreement (Lease No. 3), dated as of June 30, 2008, by and among SNH
Somerford Properties Trust, SPTIHS Properties Trust, and SPTMNR Properties
Trust (as Landlord) and Five Star Quality Care Trust (as Tenant), as amended;

 

4.                                       Amended and Restated Master Lease
Agreement (Lease No. 4), dated as of August 1, 2008, by and between
SNH NS Properties Trust (as Landlord) and Five Star Quality Care - NS Tenant,
LLC (as Tenant);

 

5.                                       Lease Agreement, dated as of November 19,
2004, by and among MSD — Macon, LLC, MSD — Beaufort, LLC, MSD — Camden, LLC,
MSD — Hartsville, LLC, MSD — Lexington, LLC, MSD — Orangeburg, LLC, MSD —
Seneca, LLC, MSD — Cullman, LLC, MSD — Madison, LLC, MSD — Sheffield, LLC, MSD —
Bowling Green, LLC, MSD — Paducah, LLC, MSD — Conyers, LLC, MSD — Gainesville,
LLC, MSD — Cleveland, LLC and MSD — Cookeville, LLC (as Landlord) and
Morningside of Macon, LLC, Morningside of Beaufort, LLC, Morningside of Camden,
LLC, Morningside of Hartsville, LLC, Morningside of Lexington, LLC, Morningside
of Orangeburg, LLC, Morningside of Seneca, L.P., Morningside of Cullman, LLC,
Morningside of Madison, LLC, Morningside of Sheffield, LLC, Morningside of
Bowling Green, LLC, Morningside of Paducah, LLC, Morningside of Conyers, LLC,
Morningside of  Gainesville, LLC,
Morningside of  Cleveland, LLC and
Morningside of Cookeville, LLC;

 

6.                                       Lease Agreement, dated as of November 19,
2004, by and among MSD - Jackson, LLC, MSD - Knoxville, LLC, MSD - Franklin,
LLC, and MSD - Hopkinsville, LLC (as Landlord) and Morningside of Jackson, LLC,
Morningside of Knoxville, LLC, Morningside of Franklin, LLC and Morningside of
Hopkinsville, Limited Partnership (as Tenant); and

 

 

7.                                       Master Lease Agreement, dated as of September 1,
2008, by and among SNH RMI Fox Ridge Manor Properties LLC, SNH RMI Jefferson
Manor Properties LLC, SNH RMI McKay Manor Properties LLC, SNH RMI Northwood
Manor Properties LLC, SNH RMI Oak Woods Manor Properties LLC, SNH RMI Park
Square Manor Properties LLC, SNH RMI Smith Farms Manor Properties LLC, and SNH
RMI Sycamore Manor Properties LLC, (as Landlord) and Five Star Quality
Care-RMI, LLC (as Tenant).

 

2

 

SCHEDULE B

Mortgaged Properties

 

	
  Forum
  at Desert Harbor

  
	
  13840
  North Desert Harbor Drive

  
	
  Peoria,
  AZ 85381

  
	
   

  
	
  Forum
  at Tucson

  
	
  2500
  North Rosemont Blvd.

  
	
  Tucson,
  AZ 85712

  
	
   

  
	
  The
  Remington Club I

  
	
  16925
  Hierba Drive

  
	
  San
  Diego, CA 92128

  
	
   

  
	
  The
  Remington Club II

  
	
  16916
  Hierba Drive

  
	
  San
  Diego, CA 92128

  
	
   

  
	
  Rio
  Las Palmas

  
	
  877
  East March Lane

  
	
  Stockton,
  CA 95207

  
	
   

  
	
  Foulk
  Manor North

  
	
  1212
  Foulk Road

  
	
  Wilmington,
  DE 19803

  
	
   

  
	
  Park
  Summit at Coral Springs

  
	
  8500
  Royal Palm Blvd.

  
	
  Coral
  Springs, FL 33065

  
	
   

  
	
  Coral
  Oaks

  
	
  900
  West Lake Road

  
	
  Palm
  Harbor, FL 34684

  
	
   

  
	
  Savannah Square

  
	
  One Savannah Square Drive

  
	
  Savannah, GA 31406

  
	
   

  
	
  Forum at the Crossing

  
	
  8505 Woodfield Crossing Blvd.

  
	
  Indianapolis,
  IN 46240

  
	
   

  
	
  Forum
  at Overland Park

  
	
  3501
  West 95th Street

  
	
  Overland
  Park, KS 66206

  
	
   

  
	
  Forum at Brookside

  
	
  200
  Brookside Drive

  
	
  Louisville,
  KY 40243

  
	
   

  
	
  Gables at Winchester

  
	
  299 Cambridge Street

  
	
  Winchester, MA 01890

  
	
   

  
	
  HeartFields
  at Easton

  
	
  700
  Port Street

  
	
  Easton, MD 21601

  

 

 

	
  Heartlands at Ellicott
  City

  
	
  3004
  North Ridge Road

  
	
  Ellicott
  City, MD 21043

  
	
   

  
	
  Heartlands
  at Severna Park

  
	
  715
  Benfield Road

  
	
  Severna
  Park, MD 21146

  
	
   

  
	
  Aspenwood

  
	
  14400 Homecrest Road

  
	
  Silver Springs, MD 20906

  
	
   

  
	
  HeartFields
  at Cary

  
	
  1050
  Crescent Green Drive

  
	
  Cary,
  NC 27511

  
	
   

  
	
  Montebello

  
	
  10500 Academy Road

  
	
  Albuquerque, NM 87111

  
	
   

  
	
  Forum at Knightsbridge

  
	
  4590 and 4625
  Knightsbridge Blvd.

  
	
  Columbus, OH 43214

  
	
   

  
	
  Forum
  at Memorial Woods

  
	
  777
  North Post Oak Road

  
	
  Houston,
  TX 77024

  
	
   

  
	
  Forum at Lincoln Heights

  
	
  311 West Nottingham Road

  
	
  San
  Antonio, TX 78209

  
	
   

  
	
  Forum
  at Woodlands

  
	
  5055
  W Panther Creek Drive

  
	
  Woodlands,
  TX 77381

  
	
   

  
	
  Morningside of
  Charlottesville

  
	
  491
  Crestwood Drive

  
	
  Charlottesville,
  VA 22903

  
	
   

  
	
  HeartFields at
  Fredericksburg

  
	
  20 HeartFields Lane

  
	
  Fredericksburg, VA 22405

  
	
   

  
	
  Morningside
  of Bellgrade

  
	
  2800
  Polo Parkway

  
	
  Midlothian,
  VA 23113

  
	
   

  
	
  Morningside of Newport News

  
	
  655 Denbigh Boulevard

  
	
  Newport
  News, VA 23608

  
	
   

  
	
  Meadowmere
  - Northshore Assisted Living

  
	
  10803
  North Port Washington Road

  
	
  Mequon, WI 53092

  

 

4Exhibit 10.2

 

SEVENTH AMENDMENT TO CREDIT AND SECURITY AGREEMENT

 

THIS
SEVENTH AMENDMENT TO CREDIT AND SECURITY AGREEMENT (this “Amendment”)
dated as of August 4, 2009 by and among FIVE STAR QUALITY CARE, INC. (the “Borrower”),
each of the parties identified as “Guarantor” on the signature pages hereto
(each a “Guarantor”), and WACHOVIA BANK, NATIONAL ASSOCIATION, as Lender
(the “Lender”).

 

WHEREAS,
the Borrower and the Lender have entered into that certain Credit and Security
Agreement dated as of May 9, 2005 (as amended and in effect
immediately prior to the date hereof, the “Credit Agreement”);

 

WHEREAS,
the Borrower has informed the Lender that Senior Housing Properties Trust (“SNH”)
intends to enter into certain financing (the “SNH Financing”) with Citibank,
N.A. (with its successors and assigns, the “SNH Lender”).  Pursuant to the SNH Financing, the New
Landlord (as hereinafter defined) will grant mortgages encumbering each of the
properties listed on Schedule 1.1(c) attached hereto (each an “Affected
Property” and collectively the “Affected Properties”) in favor of
the SNH Lender;

 

WHEREAS,
concurrently with the SNH Financing, title to the Affected Properties (except
for the Affected Property known as “Heartlands at Ellicott City”) will
be transferred from the current owners of such Affected Properties to SNH FM
Financing LLC (“Financing LLC”) or its immediate parent, SNH FM
Financing Trust (“Financing Trust”), each a wholly owned subsidiary of
SNH.  Financing LLC, Financing Trust and
Ellicott City Land I, LLC, a wholly owned subsidiary of SNH and the owner of
the Affected Property known as “Heartlands at Ellicott City” (with Financing
LLC and Financing Trust, collectively, the “New Landlord”) will lease
each of the Affected Properties to FVE FM Financing, Inc., a wholly owned
subsidiary of the Borrower (the “New Tenant”), who will sublease each
Affected Property to the applicable Provider that currently operates such
Affected Property, as such Providers are listed on Schedule 1.1(d) attached
hereto (“Relevant Existing Providers”), and to each Released Guarantor
(defined below);

 

WHEREAS,
in connection with the SNH Financing, the Borrower requests that the Lender
release each Provider listed on Schedule 1.1(e) attached hereto from
the Liens granted in favor of the Lender and from its respective obligations
under the Guaranty (each a “Released Guarantor” and collectively the “Released
Guarantors”);

 

WHEREAS,
as a condition to the SNH Financing, among others, the SNH Lender requires that
the New Tenant and each Relevant Existing Provider and each Released Guarantor
execute a subordination, assignment and security agreement (each an “SASA”
and collectively the “SASAs”) for each Affected Property in favor of the
SNH Lender.  Further, the SNH Lender
requires that, on or after the closing of the SNH Financing, the Relevant
Existing Providers transfer all licenses, permits and other operating assets
relating to each Affected Property to one

 

 

or
more separate, single purpose, wholly owned Subsidiaries of the Borrower (each,
a “New Operator”); and

 

WHEREAS,
the Borrower and the Lender desire to amend certain provisions of the Credit
Agreement on the terms and conditions contained herein.

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged by the parties hereto, the parties hereto hereby
agree as follows:

 

Section 1.  Specific
Amendments to Credit Agreement.  The
parties hereto agree that the Credit Agreement is amended as follows:

 

(a)                                  The Credit
Agreement is amended inserting the following new definitions into Section 1.1:

 

“Affected Account” means an Account of a Relevant Existing
Provider or a Released Guarantor that is generated by, and only by, the
operation of an Affected Property by such Relevant Existing Provider or
Released Guarantor, as applicable.

 

“Affected Property” means each of the
Properties listed on Schedule 1.1(c) attached hereto that will be
encumbered by mortgages in favor of the SNH Lender to secure the SNH Financing.

 

“New Landlord” means, collectively, SNH FM Financing LLC, its
immediate parent, SNH FM Financing Trust, and Ellicott City Land I, LLC, each a
wholly owned subsidiary of SNH.

 

“New Operator” means, for each Affected Property, the wholly
owned, single purpose subsidiary of the Borrower to which the Relevant Existing
Provider or Released Guarantor that operates such Affected Property will, on or
after the consummation of the SNH Financing, transfer all of such Person’s
licenses, permits and other operating assets relating to such Affected
Property.

 

“New Tenant” means FVE FM Financing, Inc., a wholly
owned Subsidiary of the Borrower to whom the New Landlord has, as of the
Seventh Amendment Date, leased each Affected Property in connection with the
SNH Financing.

 

“Released Guarantors” means each
Provider listed on Schedule 1.1(e) attached hereto.

 

“Relevant Existing Provider” means each Provider listed on Schedule
1.1(d) attached hereto.

 

2

 

“SASA” means each subordination, assignment and security
agreement relating to the SNH Financing and executed by a Relevant Existing
Provider, a Released Guarantor or a New Operator for each Affected Property
that such Person operates.

 

“Seventh Amendment Date” means August 4, 2009.

 

“SNH Credit Agreement” means that certain Master Credit
Facility Agreement dated as of August 4, 2009 by and among the SNH Lender
and SNH, as borrower, as amended from time to time in accordance with Section 10.7.

 

“SNH Financing” means that certain Term Loan made by the SNH
Lender in the original principal amount of $512,934,000 pursuant to the SNH
Credit Agreement.

 

“SNH Lender” means Citibank, N.A., and
its successors and assigns.

 

“SNH Loan Documents” means the SNH
Credit Agreement, each SASA, each mortgage encumbering an Affected Property and
each other agreement, document and instrument executed and delivered in
connection therewith, each as amended from time to time in accordance with Section 10.7.

 

(b)                                 The Credit
Agreement is further amended by adding the following new clause (i) to the
end of the definition of “Permitted Liens” set forth in Section 1.1:

 

“(i)                               the Liens
created by the SASAs executed and delivered by each Relevant Existing Provider,
each Released Guarantor and each New Operator.”

 

(c)                                  The Credit
Agreement is further amended by deleting each reference to “Agreement Date” in
Sections 7.1(b) and 7.1(cc) and substituting in its place a reference to “Seventh
Amendment Date”, and by deleting the reference to “Agreement Date” in the last
sentence of Section 7.1(f) and substituting in its place a reference
to “Seventh Amendment Date.”

 

(d)                                 The Credit
Agreement is further amended by inserting the following at the end of Section 8.16:

 

“Notwithstanding
the foregoing, a Relevant Existing Provider shall not be required to execute
and deliver a collateral assignment of a Lease of an Affected Property entered
into by such Relevant Existing Provider and the New Tenant.”

 

(e)                                  The Credit
Agreement is further amended by deleting the “.” following clause (f) of Section 10.3,
replacing it with a “; and” and inserting the following new clause (g) into
Section 10.3 in appropriate alphabetical order:

 

3

 

“(g)                           The SNH
Financing.”

 

(f)                                    The Credit
Agreement is further amended by deleting the reference to “Schedule 7.1.(f)” in
clause (ii) of Section 10.4(a) and substituting in its place a
reference to “Schedule 10.4(a)”.

 

(g)                                 The Credit
Agreement is further amended by deleting the “.” following clause (c) of Section 10.5,
replacing it with a “; and” and inserting the following new clause (d) into
Section 10.5 in appropriate alphabetical order:

 

“(d)                           Subject to
compliance with Section 5.3., a wholly owned Subsidiary of the Borrower
may liquidate, wind up or dissolve itself (or suffer any liquidation or
dissolution) so long as (i) if the liquidating or dissolving Subsidiary is
a Loan Party, any and all assets of such Subsidiary are transferred to a Loan
Party or such Person that shall become a Guarantor if required under Section 8.12 at the time of the effectiveness
of such transfer, (iii) immediately prior to such liquidation or
dissolution, and immediately thereafter and after giving effect thereto, no
Default or Event of Default is or would be in existence, and (iv) if the
liquidating or dissolving Subsidiary is a Loan Party, the Borrower shall give
the Lender notice of any such liquidation or dissolution promptly following the
effectiveness thereof.”

 

(h)                                 The Credit
Agreement is further amended by restating the last sentence of Section 10.5
in its entirety and substituting in its place the following:

 

“Notwithstanding the
foregoing, no Loan Party shall sell, transfer or otherwise convey any of its
right, title or interest in, to or under any of the Collateral of such Loan
Party; provided, however, that each Relevant Existing Provider and each
Released Guarantor may transfer to the New Operators such Relevant Existing
Provider’s and such Released Guarantor’s licenses, permits and other operating
assets that relate to, and only relate to, each Affected Property that such
Relevant Existing Provider or such Released Guarantor operates.”

 

(i)                                     The Credit
Agreement is further amended by deleting Section 10.7 in its entirety and
substituting in its place the following:

 

“Section 10.7 Modification of Organizational
Documents, Shared Services Agreement and SNH Loan Documents.

 

The Borrower shall not, and shall not permit any Subsidiary or other
Loan Party to, amend, supplement, restate or otherwise modify its articles or
certificate of incorporation, by-laws, operating agreement, declaration of
trust, partnership agreement or other applicable organizational document if
such amendment, supplement, restatement or other modification could reasonably
be expected to have a Material Adverse Effect. 
Notwithstanding the foregoing, no Trust shall amend the provisions of
its declaration of trust relating to SPC Debt. 
The

 

4

 

Borrower
shall not amend, supplement, restate or otherwise modify the Shared Services
Agreement if such amendment, supplement, restatement or other modification
could reasonably be expected to have a Material Adverse Effect.  The Borrower shall not, and shall not permit
any Subsidiary or other Loan Party to, amend, supplement, restate or otherwise
modify any of the SNH Loan Documents if (a) a Relevant Existing Operator
is in any way obligated under the SNH Loan Documents and (b)such amendment,
supplement, restatement or other modification is materially adverse to the
rights and interests of the Lender hereunder.”

 

(j)                                     The Credit
Agreement is further amended by deleting Section 10.10(a) in its
entirety and substituting in its place the following:

 

“(a)                            Deposit Accounts and Lockboxes for Account Collections.  The Borrower shall not, and
shall not permit any Provider to, establish any lockbox or deposit account into
which any Proceeds of Accounts will be deposited, or cause or permit to be
deposited, any cash, checks, drafts or similar items representing Proceeds of
Accounts in any deposit accounts, other than the Government Lockboxes, the
Provider Accounts and the Borrower Accounts or direct or permit any Account
Debtor to remit payments on the Accounts other than to the applicable Provider
Account, Government Lockbox or Borrower Account.  Except as otherwise expressly permitted under
Section 8.13., the Borrower Accounts and Provider Accounts shall be
subject to an Account Control Agreement at all times.  Notwithstanding the foregoing, the Relevant
Existing Providers and the Released Guarantors may deposit and may cause to be
deposited the proceeds of Affected Accounts, and only of Affected Accounts,
into lockboxes or deposit accounts other than the Government Lockboxes, the
Provider Accounts or the Borrower Accounts.”

 

(k)                                  The Credit
Agreement is further amended by inserting the new Schedules 1.1(c),
1.1(d), 1.1(e) and 10.4(a) attached hereto in appropriate numerical
and alphabetical order.

 

(l)                                     The Credit
Agreement is further amended by deleting Schedules 1.1(b), 7.1(b), 7.1(f) and
7.1(cc) in their entireties and substituting in their place Schedules 1.1(b),
7.1(b), 7.1(f) and 7.1(cc), respectively, each of which is attached
hereto.

 

Section 2.  Release
of Certain Guarantors; Excluded Subsidiaries.  Subject to the satisfaction of the conditions
set forth in Section 4 below, the Lender hereby releases each of the
Released Guarantors from its obligations under Article XII of the Credit
Agreement and the Lender further hereby releases its Lien on such Released
Guarantor’s Collateral.  In addition, subject
to the satisfaction of the conditions set forth in Section 4 hereof, each
of the New Tenant, each New Operator and each Released Guarantor shall be
deemed to be an Excluded Subsidiary; provided, however, (i) the New Tenant
shall not be deemed to be an Excluded Subsidiary if it leases Properties other
than Affected Properties, (ii) no New Operator shall be deemed to be an
Excluded Subsidiary if it operates a Property other than an Affected Property
and (iii) a Released

 

5

 

Guarantor
shall not be deemed to be Excluded Subsidiary if such Released Guarantor is a
Provider with respect to a Property other than an Affected Property.  Subject to the satisfaction of the conditions
set forth in Section 4 below, the Lender hereby authorizes each Released
Guarantor to file a termination statement with respect to each existing UCC-1
financing statement, which termination shall be in form and substance
satisfactory to the Lender, showing such Released Guarantor as debtor and the
Lender as Secured Party.

 

Section 3.  Release
of Lien.  Subject to the satisfaction
of the conditions set forth in Section 4 below, the Lender releases its
Lien on all right, title and interest of each Relevant Existing Provider
(collectively, the “Relevant Released Collateral” of such Relevant
Existing Provider) to the following property:

 

(a)                                  all Affected
Accounts;

 

(b)                                 deposit account
number 2000049281642 at Wachovia Bank, N.A., in which is deposited all revenue
generated by, and only by, the operation of an Affected Property by the
Relevant Existing Providers;

 

(c)                                  all Chattel
Paper of such Relevant Existing Provider but only to the extent generated by,
and only by, the operation of an Affected Property by such Relevant Existing
Provider;

 

(d)                                 all Supporting
Obligations relating to any of the foregoing;

 

(e)                                  all books and
records pertaining to any of the foregoing (including without limitation,
customer lists, credit files, computer programs, printouts and other computer
materials and records);

 

(f)                                    all Leases
entered into by any Relevant Existing Providers with respect to, and only to,
the Affected Properties; and

 

(g)                                 all accessions
to, substitutions for, and all replacements, products and proceeds of the
foregoing (including without limitation, proceeds of insurance policies
insuring any of the foregoing).

 

The
Lender does not release any other Collateral of any Relevant Existing Providers
from the Lender’s Lien in the Collateral of the Relevant Existing Providers,
and each Relevant Existing Provider reaffirms its grant of its Lien to the
Lender in such other Collateral.  Subject
to the satisfaction of the conditions set forth in Section 4 below, the
Lender hereby authorizes each Relevant Existing Provider to file an amendment
to each existing UCC-1 financing statement, which amendment shall be in form
and substance satisfactory to the Lender, describing the assets covered by
security interests granted by such Relevant Existing Provider to the Lender to
reflect the release of the Relevant Released Collateral.

 

6

 

Section 4.  Conditions
Precedent.  The effectiveness of this
Amendment is subject to receipt by the Lender of each of the following, each in
form and substance satisfactory to the Lender:

 

(a)                                  A counterpart
of this Amendment duly executed by the Borrower and each Guarantor;

 

(b)                                 An Amended and
Restated Collateral Assignment of Lease (Lease No. 1) duly executed by
each “Assignor” party thereto, and a Release and Consent (Lease No. 1)
duly executed by each “Landlord” party thereto, in each case in substantially
the forms attached hereto as Exhibits A-1 and A-2;

 

(c)                                  An Amended and
Restated Collateral Assignment of Lease (Lease No. 2) duly executed by
each “Assignor” party thereto, and a Release and Consent (Lease No. 2)
duly executed by each “Landlord” party thereto, in each case in substantially
the forms attached hereto as Exhibits B-1 and B-2;

 

(d)                                 A Collateral
Assignment of Lease (Lease No. 4) duly executed by each “Assignor” party
thereto, and a Release and Consent (Lease No. 4) duly executed by each “Landlord”
party thereto, in each case in substantially the forms attached hereto as
Exhibits C-1 and C-2;

 

(e)                                  Each of the
items required by Section 8.12(a) of the Credit Agreement with respect
to each Subsidiary listed on Exhibit D attached hereto in order to cause
such Subsidiary to become a Guarantor under the Credit Agreement;

 

(f)                                    Executed copies
of the SNH Loan Documents certified by a Responsible Officer to be true,
correct and complete;

 

(g)                                 Executed copies
of (i) the Amended and Restated Master Lease Agreement (Lease No. 1)
dated as of August 4, 2009 by and among certain affiliates of SNH, as
Landlord, and Five Star Quality Care Trust, as Tenant, (ii) the Amended
and Restated Master Lease Agreement (Lease No. 2) dated as of August 4,
2009 by and among certain affiliates of SNH, as Landlord, and Five Star Quality
Care Trust, FS Commonwealth LLC, FS Patriot LLC and FS Tenant Holding Company
Trust, as Tenants, and (iii) the Amended and Restated] Master Lease
Agreement (Lease No. 4) dated as of August 4, 2009 by and among
certain affiliates of SNH, as Landlord, and Five Star Quality Care Trust, Five
Star Quality Care — NS Tenant, LLC and FS Tenant Holding Company Trust, as
Tenants; and

 

(h)                                 Such other
documents, instruments and agreements as the Lender may reasonably request.

 

Section 5.  Effectiveness.
Upon satisfaction of the conditions precedent contained in Section 4, this
Amendment shall be deemed to be effective as of the date hereof.

 

7

 

Section 6.  Representations.  The Borrower represents and warrants to the
Lender that:

 

(a)                                  Authorization.  The Borrower has the right and power, and has
taken all necessary action to authorize it, to execute and deliver this
Amendment and to perform its obligations hereunder and under the Credit
Agreement, each as amended by this Amendment, in accordance with their
respective terms.  This Amendment has
been duly executed and delivered by a duly authorized officer of the Borrower
and this Amendment, the Credit Agreement, each as amended by this Amendment, is
a legal, valid and binding obligation of the Borrower enforceable against the
Borrower in accordance with its respective terms except as (i) the
enforceability thereof may be limited by bankruptcy, insolvency or similar laws
affecting creditors rights generally and (ii) the availability of
equitable remedies may be limited by equitable principles of general
applicability.

 

(b)                                 Compliance with
Laws, etc.  The
execution and delivery by the Borrower of this Amendment and the performance by
the Borrower of this Amendment and the Credit Agreement, each as amended by
this Amendment, in accordance with their respective terms, do not and will not,
by the passage of time, the giving of notice or otherwise:  (i) require any Governmental Approval or
violate any Applicable Law relating to any Loan Party; (ii) conflict with,
result in a breach of or constitute a default under the organizational
documents of any Loan Party, or any indenture, agreement or other instrument to
which any Loan Party is a party or by which it or any of its respective
properties may be bound; or (iii) result in or require the creation or
imposition of any Lien upon or with respect to any property now owned or
hereafter acquired by any Loan Party.

 

(c)                                  No Default.  No Default or Event of Default has occurred
and is continuing as of the date hereof nor will exist immediately after giving
effect to this Amendment.

 

Section 7.  Reaffirmation
of Representations by Borrower.  The
Borrower hereby repeats and reaffirms all representations and warranties made
by the Borrower to the Lender in the Credit Agreement and the other Loan
Documents to which it is a party on and as of the date hereof and after giving
effect to this Amendment with the same force and effect as if such
representations and warranties were set forth in this Amendment in full.

 

Section 8.  Reaffirmation
of Guaranty by Guarantors.  Each
Guarantor (other than a Released Guarantor) hereby reaffirms its continuing
obligations to the Lender under Article XII of the Credit Agreement and
agrees that the transactions contemplated by this Amendment shall not in any
way affect the validity and enforceability of its obligations under Article XII
of the Credit Agreement, or reduce, impair or discharge the obligations of such
Guarantor thereunder.

 

Section 9.  Certain
References.  Each reference to the
Credit Agreement in any of the Loan Documents shall be deemed to be a reference
to the Credit Agreement, as amended by this Amendment.

 

8

 

Section 10.  Expenses.  The Borrower shall reimburse the Lender upon
demand for all costs and expenses (including attorneys’ fees) incurred by the
Lender in connection with the preparation, negotiation and execution of this
Amendment and the other agreements and documents executed and delivered in
connection herewith.

 

Section 11.  Benefits.  This Amendment shall be binding upon and
shall inure to the benefit of the parties hereto and their respective
successors and assigns.

 

Section 12.  GOVERNING
LAW.  THIS AMENDMENT SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK APPLICABLE TO CONTRACTS EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE.

 

Section 13.  Effect.  Except as expressly herein amended, the terms
and conditions of the Credit Agreement and the other Loan Documents remain in
full force and effect.  The amendments
contained herein shall be deemed to have prospective application only, unless
otherwise specifically stated herein.

 

Section 14.  Counterparts.  This Amendment may be executed in any number
of counterparts, each of which shall be deemed to be an original and shall be
binding upon all parties, their successors and assigns.

 

Section 15.  Definitions.  All capitalized terms not otherwise defined
herein are used herein with the respective definitions given them in the Credit
Agreement.

 

[Signatures on Next Page]

 

9

 

IN
WITNESS WHEREOF, the parties hereto have caused this Seventh Amendment to
Credit and Security Agreement to be executed as of the date first above
written.

 

	
   

  	
  THE BORROWER:

  
	
   

  	
   

  
	
   

  	
  FIVE STAR QUALITY CARE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bruce J.
  Mackey Jr.

  
	
   

  	
   

  	
  Name:

  	
  Bruce J. Mackey Jr.

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  THE LENDER:

  
	
   

  	
   

  
	
   

  	
  WACHOVIA BANK, NATIONAL ASSOCIATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Matthew
  Ricketts

  
	
   

  	
   

  	
  Name:

  	
  Matthew Ricketts

  
	
   

  	
   

  	
  Title:

  	
  Director

  

 

[Signatures Continued on
Next Page]

 

 

[Signature Page to Seventh Amendment to Credit and
Security Agreement

with Five Star Quality Care, Inc.]

 

	
   

  	
  THE GUARANTORS:

   

  ALLIANCE
  PHARMACY SERVICES, LLC

  FIVE
  STAR QUALITY CARE-CA, INC.

  FIVE
  STAR QUALITY CARE-IA, INC.

  FIVE
  STAR QUALITY CARE-NE, INC.

  FIVE
  STAR QUALITY CARE-AZ, LLC

  FIVE
  STAR QUALITY CARE-CA, 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-MO, LLC

  FIVE
  STAR QUALITY CARE-NE, LLC

  FIVE
  STAR QUALITY CARE-WI, LLC

  FIVE
  STAR QUALITY CARE-WY, LLC

  FIVE
  STAR QUALITY CARE-FL, LLC

  FIVE
  STAR QUALITY CARE-KS, LLC

  FIVE
  STAR QUALITY CARE-MD, LLC

  FIVE
  STAR QUALITY CARE-NC, LLC

  FIVE
  STAR QUALITY CARE-VA, LLC

  FS
  LAFAYETTE TENANT TRUST

  FS
  LEISURE PARK TENANT TRUST

  FS
  LEXINGTON TENANT TRUST

  FS
  TENANT POOL I TRUST

  FS
  TENANT POOL II TRUST

  FS
  TENANT POOL III TRUST

  FS
  TENANT POOL IV TRUST

  MORNINGSIDE
  OF BELMONT, LLC

  MORNINGSIDE
  OF GALLATIN, LLC

  MORNINGSIDE
  OF SPRINGFIELD, LLC

  FSQC
  FUNDING CO., LLC

  FIVE
  STAR QUALITY CARE-CA II, LLC

  FIVE
  STAR QUALITY CARE TRUST

  FS
  TENANT HOLDING COMPANY TRUST

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bruce J.
  Mackey Jr.

  
	
   

  	
   

  	
  Name:

  	
  Bruce J. Mackey Jr.

  
	
   

  	
   

  	
  Title:

  	
  President

  

 

[Signatures
Continued on Next Page]

 

 

[Signature Page to Seventh Amendment to Credit and
Security Agreement

with Five Star Quality Care, Inc.]

 

	
   

  	
  THE GUARANTORS (cont.):

   

  MORNINGSIDE OF ALABAMA,
  L.P.

  MORNINGSIDE OF ANDERSON,
  L.P.

  MORNINGSIDE OF ATHENS,
  LIMITED PARTNERSHIP

  MORNINGSIDE OF COLUMBUS,
  L.P.

  MORNINGSIDE OF DALTON,
  LIMITED PARTNERSHIP

  MORNINGSIDE OF DECATUR,
  L.P.

  MORNINGSIDE OF EVANS,
  LIMITED PARTNERSHIP

  MORNINGSIDE OF GREENWOOD,
  L.P.

  MORNINGSIDE OF KENTUCKY,
  LIMITED PARTNERSHIP

   

  By:     LIFETRUST
  AMERICA, INC., its General Partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bruce J.
  Mackey Jr.

  
	
   

  	
   

  	
  Name:

  	
  Bruce
  J. Mackey Jr.

  
	
   

  	
   

  	
  Title:

  	
  President

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  ANNAPOLIS HERITAGE PARTNERS, LLC

  COLUMBIA HERITAGE PARTNERS, LLC

  ENCINITAS HERITAGE PARTNERS, LLC

  FIVE STAR QUALITY CARE - SAVANNAH, LLC

  FREDERICK HERITAGE PARTNERS, LLC

  FSQ PHARMACY HOLDINGS LLC

  HAGERSTOWN HERITAGE PARTNERS, LLC

  NEWARK HERITAGE PARTNERS I, LLC

  NEWARK HERITAGE PARTNERS II, LLC

  REDLANDS HERITAGE PARTNERS, LLC

  STOCKTON HERITAGE PARTNERS, LLC,

    each a Delaware
  limited liability company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bruce J.
  Mackey Jr.

  
	
   

  	
   

  	
         Bruce
  J. Mackey Jr.

  
	
   

  	
   

  	
         President

  
						

 

 

[Signature Page to Seventh Amendment to Credit and
Security Agreement

with Five Star Quality Care, Inc.]

 

	
   

  	
  THE GUARANTORS (cont.):

   

  FIVE STAR QUALITY CARE -
  GHV, LLC

  FIVE STAR QUALITY CARE -
  IL, LLC

  FIVE STAR QUALITY CARE -
  IN, LLC

  FIVE STAR QUALITY CARE -
  MN, LLC

  FIVE STAR QUALITY CARE -
  MS, LLC

  FIVE STAR QUALITY CARE -
  NJ, LLC

  FIVE STAR QUALITY CARE -
  NS OPERATOR, LLC

  FIVE STAR QUALITY CARE -
  NS OWNER, LLC

  FIVE STAR QUALITY CARE -
  NS TENANT, LLC

  FIVE STAR QUALITY CARE -
  OBX OPERATOR, LLC

  FIVE STAR QUALITY CARE -
  OBX OWNER, LLC

  FIVE STAR QUALITY CARE -
  TX, LLC

  FS COMMONWEALTH LLC

  FS PATRIOT LLC

  FSQC-AL, LLC,

    each a Maryland limited liability company

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bruce J.
  Mackey Jr.

  
	
   

  	
   

  	
         Bruce
  J. Mackey Jr.

  
	
   

  	
   

  	
         President

  
	
   

  	
   

  
	
   

  	
  MORNINGSIDE
  OF CONCORD, LLC

  MORNINGSIDE
  OF GASTONIA, LLC

  MORNINGSIDE
  OF GREENSBORO, LLC

  MORNINGSIDE
  OF RALEIGH, LLC

  MORNINGSIDE
  OF WILLIAMSBURG, LLC,

    each a Delaware limited liability company

   

  By:  LIFETRUST AMERICA, INC., its sole member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bruce J.
  Mackey Jr.

  
	
   

  	
   

  	
         Bruce
  J. Mackey Jr.

  
	
   

  	
   

  	
         President

  

 

 

[Signature Page to Seventh Amendment to Credit and
Security Agreement

with Five Star Quality Care, Inc.]

 

	
   

  	
  THE GUARANTORS (cont.):

   

  MORNINGSIDE OF FAYETTE,
  L.P.

  MORNINGSIDE OF PARIS,
  L.P.,

    each a Delaware limited partnership

   

  By:  LIFETRUST AMERICA, INC., its general
  partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Bruce J.
  Mackey Jr.

  
	
   

  	
   

  	
   

  	
  Bruce
  J. Mackey Jr.

  
	
   

  	
   

  	
   

  	
  President

  
	
   

  	
   

  
	
   

  	
  FRESNO HERITAGE PARTNERS, A CALIFORNIA LIMITED
  PARTNERSHIP

  ROSEVILLE HERITAGE PARTNERS, A CALIFORNIA LIMITED
  PARTNERSHIP

   

  By:  SOMERFORD PLACE LLC, its general partner

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Bruce J.
  Mackey Jr.

  
	
   

  	
   

  	
   

  	
  Bruce
  J. Mackey Jr.

  
	
   

  	
   

  	
   

  	
  President

  

 

 

SCHEDULE 1.1(b)

 

MATERIAL PROVIDERS

 

Five Star Quality Care-AZ, LLC (Delaware)

 

Five Star Quality Care-CA, LLC (Delaware)

 

Five Star Quality Care-Colorado, LLC (Delaware)

 

Five Star Quality Care-FL, LLC (Delaware)

 

Five Star Quality Care-GA, LLC (Delaware)

 

Five Star Quality Care - GHV, LLC
(Maryland)

 

Five Star Quality Care-IA, Inc.  (Delaware)

 

Five Star Quality Care-IA, LLC (Delaware)

 

Five Star Quality Care - IN, LLC  (Maryland)

 

Five Star Quality Care - KS, LLC  (Delaware)

 

Five Star Quality Care - MN, LLC  (Maryland)

 

Five Star Quality Care-MO, LLC (Delaware)

 

Five Star Quality Care-NE, Inc. (Delaware)

 

Five Star Quality Care-NE, LLC  (Delaware)

 

Five Star Quality Care - NJ, LLC  (Maryland)

 

Five Star Quality Care - NS Operator,
LLC  (Maryland)

 

Five Star Quality Care — OBX Operator,
LLC (Maryland)

 

Five Star Quality Care-WI, LLC (Delaware)

 

Five Star Quality Care-WY, LLC (Delaware)

 

FS Commonwealth LLC (Maryland)

 

FS Lafayette Tenant Trust (Maryland)

 

FS Leisure Park Tenant Trust (Maryland)

 

FS Lexington Tenant Trust (Maryland)

 

FS Patriot LLC (Maryland)

 

FSQ Pharmacy Holdings LLC (Delaware)

 

FS Tenant Pool I Trust (Maryland)

 

FS Tenant Pool II Trust (Maryland)

 

FS Tenant Pool III Trust (Maryland)

 

 

SCHEDULE 1.1(c)

 

AFFECTED PROPERTIES

 

	
  Affected Properties

  	
   

  	
  Existing Operator

  	
   

  	
  New Operator

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Foulk Manor North and located at 1212 Foulk Road,
  Wilmington, Delaware

  	
   

  	
  FS
  Tenant Pool I Trust, a Maryland business trust (“FVE Pool I Trust”)

  	
   

  	
  Five
  Star Foulk Manor North LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Park Summit at Coral Springs and located at 8500 Royal Palm
  Boulevard, Coral Springs, Florida.

  	
   

  	
  FVE
  Pool I Trust

  	
   

  	
  Five
  Star Coral Springs LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Montebello and located at 10500 Academy Road, Albuquerque,
  New Mexico.

  	
   

  	
  FVE
  Pool I Trust

  	
   

  	
  Five
  Star Montebello LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Forum at Lincoln Heights and located at 311 West Nottingham
  Road, San Antonio, Texas

  	
   

  	
  FVE
  Pool I Trust

  	
   

  	
  Five
  Star Lincoln Heights LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Remington Club I and II and located at 16925 and 16916
  Hierba Drive, San Diego, California.

  	
   

  	
  FS
  Tenant Pool II Trust, a Maryland business trust (“FVE Pool II Trust”)

  	
   

  	
  Five
  Star Remington Club LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Coral Oaks and located at 900 West Lake Road, Palm Harbor,
  Florida

  	
   

  	
  FVE
  Pool II Trust

  	
   

  	
  Five
  Star Coral Oaks LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Forum at the Crossing and located at 8505 Woodfield
  Crossing Boulevard, Indianapolis, Indiana

  	
   

  	
  FVE
  Pool II Trust

  	
   

  	
  Five
  Star Crossing LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Gables at Winchester and located at 299 Cambridge Street,
  Winchester, Massachusetts

  	
   

  	
  FVE
  Pool II Trust

  	
   

  	
  Five
  Star Gables LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Forum at Woodlands and located at 5055 West Panther Creek
  Drive, The Woodlands, Texas.

  	
   

  	
  FVE
  Pool II Trust

  	
   

  	
  Five
  Star Woodlands LLC

  

 

 

	
  Affected Properties

  	
   

  	
  Existing Operator

  	
   

  	
  New Operator

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Forum at Desert Harbor and located at 13840 North Desert
  Harbor Drive, Peoria, Arizona.

  	
   

  	
  FS
  Tenant Pool III Trust, a Maryland business trust (“FVE Pool III Trust”)

  	
   

  	
  Five
  Star Desert Harbor LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Forum of Tucson and located at 2500 N. Rosemont Boulevard,
  Tucson, Arizona

  	
   

  	
  FVE
  Pool III Trust

  	
   

  	
  Five
  Star Tucson Forum LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Forum at Overland Park and located at

  3501 West 95th Street, Overland

  Park, Kansas.

  	
   

  	
  FVE
  Pool III Trust

  	
   

  	
  Five
  Star Overland Park LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Forum at Brookside and located at 200 Brookside Drive,
  Louisville, Kentucky.

  	
   

  	
  FVE
  Pool III Trust

  	
   

  	
  Five
  Star Brookside LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Forum at Knightsbridge and located at 4590 and 4625
  Knightsbridge Boulevard, Columbus, Ohio.

  	
   

  	
  FVE
  Pool III Trust

  	
   

  	
  Five
  Star Knightsbridge LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Forum at Memorial Woods and located at 777 North Post Oak
  Road, Houston, Texas

  	
   

  	
  FVE
  Pool III Trust

  	
   

  	
  Five
  Star Memorial Woods LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as HeartFields at Easton and located at 700 Port Street,
  Easton, Maryland

  	
   

  	
  Five
  Star Quality Care—MD, LLC, a Delaware limited liability company (“FVE MD
  LLC”)

  	
   

  	
  Five
  Star Easton Heartfields LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Heartlands at Severna Park and located at 715 Benfield
  Road, Severna Park, Maryland.

  	
   

  	
  FVE
  MD LLC

  	
   

  	
  Five
  Star Severna Park LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Aspenwood and located at 14400 Homecrest Road, Silver
  Springs, Maryland.

  	
   

  	
  FVE
  MD LLC

  	
   

  	
  Five
  Star Aspenwood LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Rio Las Palmas and located at 877 East March Lane,
  Stockton, California.

  	
   

  	
  Five
  Star Quality Care—CA, LLC, a Delaware limited liability company

  	
   

  	
  Five
  Star Rio Las Palmas LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as HeartFields at Cary and located at 1050 Crescent Green
  Drive, Cary, North Carolina.

  	
   

  	
  Five
  Star Quality Care—NC, LLC, a Delaware limited liability company

  	
   

  	
  Five
  Star Cary Heartfields LLC

  

 

 

	
  Affected Properties

  	
   

  	
  Existing Operator

  	
   

  	
  New Operator

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Savannah Square and located at One Savannah Square Drive,
  Savannah, Georgia.

  	
   

  	
  Five
  Star Quality Care—Savannah, LLC, a Delaware limited liability company

  	
   

  	
  Five
  Star Savannah Square LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as HeartFields at Fredericksburg and located at 20 HeartFields
  Lane, Fredericksburg, Virginia.

  	
   

  	
  Five
  Star Quality Care—VA, LLC, a Delaware limited liability company

  	
   

  	
  Five
  Star Frederick Heartfields LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Meadowmere — Northshore Assisted Living and located at
  10803 North Port Washington Road, Mequon, Wisconsin.

  	
   

  	
  Five
  Star Quality Care—WI, LLC, a Delaware limited liability company

  	
   

  	
  Five
  Star Northshore LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Morningside of Bellgrade and located at 2800 Polo Parkway,
  Midlothian, Virginia.

  	
   

  	
  Morningside
  of Bellgrade, Richmond, LLC, a Delaware limited liability company

  	
   

  	
  Five
  Star Morningside Bellgrade LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Morningside of Charlottesville and located at 491 Crestwood
  Drive, Charlottesville, Virginia.

  	
   

  	
  Morningside
  of Charlottesville, LLC, a Delaware limited liability company

  	
   

  	
  Five
  Star Morningside Charlottesville LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Morningside of Newport News and located at 655 Denbigh
  Boulevard, Newport News, Virginia.

  	
   

  	
  Morningside
  of Newport News, LLC, a Delaware limited liability company

  	
   

  	
  Five
  Star Newport News LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  facility known as Heartlands at Ellicott City and located at 3004 North Ridge
  Road, Ellicott City, Maryland.

  	
   

  	
  The
  Heartlands Retirement Community—Ellicott City I, Inc., a Maryland
  corporation

  	
   

  	
  Five
  Star Ellicott City LLC

  

 

 

SCHEDULE 1.1(d)

 

RELEVANT EXISTING PROVIDERS

 

Five
Star Quality Care-MD, LLC

Five
Star Quality Care-CA, LLC

Five
Star Quality Care-VA, LLC

Five
Star Quality Care-WI, LLC

FS
Tenant Pool I Trust

FS
Tenant Pool II Trust

FS
Tenant Pool III Trust

 

 

SCHEDULE 1.1(e)

 

RELEASED GUARANTORS

 

Five
Star Quality Care-NC, LLC

Five
Star Quality Care-Savannah, LLC

Morningside
of Bellgrade, Richmond, LLC

Morningside
of Charlottesville, LLC

Morningside
of Newport News, LLC

The
Heartlands Retirement Community-Ellicott City I, Inc.

 

 

SCHEDULE 7.1(b)

 

OWNERSHIP STRUCTURE

 

See attached organizational chart for equity
interest holdings information.

 

	
  Subsidiaries (Jurisdiction of Organization)

  	
   

  	
  Provider/Material

  Subsidiary and/or

  Excluded

  Subsidiary

  	
   

  	
  Equity Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Affiliates
  Insurers Limited (Bermuda)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Alliance
  Pharmacy Services, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Annapolis
  Heritage Partners, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  CCC
  Boynton Beach, Inc. (Delaware)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Columbia
  Heritage Partners, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Emerson
  Management Holdings, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Encinitas
  Heritage Partners, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Advertising, Inc. (Delaware)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Aspenwood LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Brookside LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Cary Heartfields LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Coral Oaks LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Coral Springs LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Crossing LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Desert Harbor LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  

 

 

	
  Subsidiaries (Jurisdiction of Organization)

  	
   

  	
  Provider/Material

  Subsidiary and/or

  Excluded

  Subsidiary

  	
   

  	
  Equity Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Easton Heartfields LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Ellicott City LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Foulk Manor North LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Frederick Heartfields LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Gables LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Insurance, Inc. (Maryland)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Lincoln Heights LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Knightsbridge LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star MD Homes LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Memorial Woods LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Montebello LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Morningside Bellgrade LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Morningside Charlottesville LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Newport News LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Northshore LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Overland Park LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  

 

 

	
  Subsidiaries (Jurisdiction of Organization)

  	
   

  	
  Provider/Material

  Subsidiary and/or

  Excluded

  Subsidiary

  	
   

  	
  Equity Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Procurement Group Trust (Maryland)

  	
   

  	
   

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care Trust (Maryland)

  	
   

  	
   

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Ainsworth, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Ashland, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-AZ, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Blue Hill, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-CA II, Inc. (Maryland)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-CA II, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-CA, Inc. (Delaware)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-CA, LLC (Delaware)

  	
   

  	
  Provider,
  Material Subsidiary

  	
   

  	
  Membership
  interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Central City, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-CO, Inc. (Maryland)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Colorado, LLC (Delaware)

  	
   

  	
  Provider,
  Material Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Columbus, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-CT, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Edgar, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Exeter, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Farmington, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  

 

 

	
  Subsidiaries (Jurisdiction of Organization)

  	
   

  	
  Provider/Material

  Subsidiary and/or

  Excluded

  Subsidiary

  	
   

  	
  Equity Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-FL, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-GA, Inc. (Delaware)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-GA, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-GHV, LLC (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Grand Island, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Gretna, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Howell, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-IA, Inc. (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-IA, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - IL, LLC (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - IN, LLC (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-KS, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Lyons, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-MD, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-MI, Inc. (Delaware)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-MI, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Milford, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - MN, LLC (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  

 

 

	
  Subsidiaries (Jurisdiction of Organization)

  	
   

  	
  Provider/Material

  Subsidiary and/or

  Excluded

  Subsidiary

  	
   

  	
  Equity Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-MO, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - MS, LLC (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - MVSP, LLC (Maryland)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-NC, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-NE, Inc. (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-NE, LLC (Delaware)

  	
   

  	
  Provider,
  Material Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - NJ, LLC (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - NS Operator, LLC (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - NS Owner, LLC (Maryland)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - NS Tenant, LLC (Maryland)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - OBX Operator, LLC (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - OBX Owner, LLC (Maryland)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - Richmond, LLC (Maryland)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - RMI, LLC (Maryland)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - Savannah, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - Somerford, LLC (Maryland)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Sutherland, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  

 

 

	
  Subsidiaries (Jurisdiction of Organization)

  	
   

  	
  Provider/Material

  Subsidiary and/or

  Excluded

  Subsidiary

  	
   

  	
  Equity Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care - TX, LLC (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Utica, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-VA, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-Waverly, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-WI, Inc. (Delaware)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-WI, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Quality Care-WY, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Rehabilitation and Wellness Services, LLC (Maryland)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Remington Club LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Rio Las Palmas LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Savannah Square LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Seabury LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Severna Park LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Tucson Forum LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Five
  Star Woodlands Forum LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Frederick
  Heritage Partners, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Fresno
  Heritage Partners, a California Limited Partnership (California)

  	
   

  	
  Provider

  	
   

  	
  Partnership
  Interests

  

 

 

	
  Subsidiaries (Jurisdiction of Organization)

  	
   

  	
  Provider/Material

  Subsidiary and/or

  Excluded

  Subsidiary

  	
   

  	
  Equity Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FS
  Commonwealth LLC (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FS
  Lafayette Tenant Trust (Maryland)

  	
   

  	
  Provider,
  Material Subsidiary

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FS
  Leisure Park Tenant Trust (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FS
  Lexington Tenant Trust (Maryland)

  	
   

  	
  Provider,
  Material Subsidiary

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FS
  Patriot LLC (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FS
  Tenant Holding Company Trust (Maryland)

  	
   

  	
   

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FS
  Tenant Pool I Trust (Maryland)

  	
   

  	
  Provider,
  Material Subsidiary

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FS
  Tenant Pool II Trust (Maryland)

  	
   

  	
  Provider,
  Material Subsidiary

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FS
  Tenant Pool III Trust (Maryland)

  	
   

  	
  Provider,
  Material Subsidiary

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FS
  Tenant Pool IV Trust (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FSQ
  Crown Villa Business Trust (Maryland)

  	
   

  	
   

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FSQ
  Overland Park Place Business Trust (Maryland)

  	
   

  	
   

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FSQ
  Pharmacy Holdings, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FSQ
  Rio Las Palmas Business Trust (Maryland)

  	
   

  	
   

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FSQ
  The Palms at Fort Myers Business Trust (Maryland)

  	
   

  	
   

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FSQ
  Villa at Riverwood Business Trust (Maryland)

  	
   

  	
   

  	
   

  	
  Shares
  of Beneficial Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FSQ, Inc.
  (Delaware)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  

 

 

	
  Subsidiaries (Jurisdiction of Organization)

  	
   

  	
  Provider/Material

  Subsidiary and/or

  Excluded

  Subsidiary

  	
   

  	
  Equity Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FSQ/LTA
  Holdings Inc. (Delaware)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FSQC
  Tellico Village LLC (Maryland)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FSQC-AL,
  LLC (Maryland)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  FVEST.JOE, Inc.
  (Delaware)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Hagerstown
  Heritage Partners, LLC (Delaware)

  	
   

  	
  Provider 

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Hamilton
  Place, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Heartland
  Pharmacy Care, Inc. (Nebraska)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Heartland
  Promotions, Inc. (Nebraska)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LifeTrust
  America, Inc. (Tennessee)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LifeTrust
  Properties, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LTA
  Management Services of Florida, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  LTA
  Management Services, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  Holdings of Concord, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  Holdings of Gastonia, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  Holdings of Greensboro, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  Holdings of Raleigh, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  Holdings of Williamsburg, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Alabama, L.P. (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Partnership
  Interests

  

 

 

	
  Subsidiaries (Jurisdiction of Organization)

  	
   

  	
  Provider/Material

  Subsidiary and/or

  Excluded

  Subsidiary

  	
   

  	
  Equity Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Anderson, L.P. (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Athens, Limited Partnership (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Beaufort, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Bellgrade, Richmond, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Belmont, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Bowling Green, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Camden, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Charlottesville, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Cleveland, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Columbus, L.P. (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Concord, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Conyers, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Cookeville, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Cullman, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Dalton, Limited Partnership (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Decatur, L.P. (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Partnership
  Interests

  

 

 

	
  Subsidiaries (Jurisdiction of Organization)

  	
   

  	
  Provider/Material

  Subsidiary and/or

  Excluded

  Subsidiary

  	
   

  	
  Equity Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Evans, Limited Partnership (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Fayette, L.P. (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Franklin, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Gainesville, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Gallatin, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Gastonia, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Georgia, L.P. (Delaware)

  	
   

  	
   

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Greensboro, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Greenwood, L.P. (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Hartsville, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Hopkinsville, Limited Partnership (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Jackson, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Kentucky, Limited Partnership (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Knoxville, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Lexington, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Macon, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  

 

 

	
  Subsidiaries (Jurisdiction of Organization)

  	
   

  	
  Provider/Material

  Subsidiary and/or

  Excluded

  Subsidiary

  	
   

  	
  Equity Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Madison, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Montgomery, Limited Partnership (Delaware)

  	
   

  	
   

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Newport News, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Orangeburg, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Paducah, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Paris, L.P. (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Raleigh, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Seneca, L.P. (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Sheffield, LLC (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Skipwith-Richmond, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of South Carolina, L.P. (Delaware)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Springfield, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Tennessee, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Morningside
  of Williamsburg, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  National
  LTC Pharmacy Services LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Newark
  Heritage Partners I, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  

 

 

	
  Subsidiaries (Jurisdiction of Organization)

  	
   

  	
  Provider/Material

  Subsidiary and/or

  Excluded

  Subsidiary

  	
   

  	
  Equity Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Newark
  Heritage Partners II, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  O.F.C.
  Properties, LLC (Indiana)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Orthopedic
  Rehabilitation Systems LLC (Maryland)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Parkville
  Heritage Partners, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Progress
  Pharmacy Ltd. (Delaware)

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Redlands
  Heritage Partners, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Rockville
  Heritage Partners, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Roseville
  Heritage Partners, a California Limited Partnership (California)

  	
   

  	
  Provider

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Senior
  Living Insurance Co., Ltd.

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Senior
  Living of Boynton Beach Limited Partnership (Delaware)

  	
   

  	
   

  	
   

  	
  Partnership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Somerford
  Emerson Management, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Somerford
  of Williamsville LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Somerford
  Place LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Somerford
  Wayne Management, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Somerford
  West Orange Management, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Stockton
  Heritage Partners, LLC (Delaware)

  	
   

  	
  Provider

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  Heartlands Retirement Community — Ellicott City I, Inc. (Maryland)

  	
   

  	
  Excluded
  Subsidiary

  	
   

  	
  Common
  Stock

  

 

 

	
  Subsidiaries (Jurisdiction of Organization)

  	
   

  	
  Provider/Material

  Subsidiary and/or

  Excluded

  Subsidiary

  	
   

  	
  Equity Interest

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The
  Heartlands Retirement Community — Ellicott City II, Inc. (Maryland)

  	
   

  	
   

  	
   

  	
  Common
  Stock

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Toms
  River Heritage Partners, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Wayne
  Management Holdings, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  West
  Orange Management Holdings, LLC (Delaware)

  	
   

  	
   

  	
   

  	
  Membership
  Interests

  

 

 

SCHEDULE 7.1(f)

 

Leases

 

1.               Amended and Restated Master Lease
Agreement (Lease No. 1) dated as of August 4, 2009 by and among
certain affiliates of Senior Housing Properties Trust, as Landlord, and Five
Star Quality Care Trust, as Tenant.

 

2.               Amended and Restated Master Lease
Agreement (Lease No. 2) dated as of August 4, 2009 by and among
certain affiliates of Senior Housing Properties Trust, as Landlord, and Five
Star Quality Care Trust, FS Commonwealth LLC, FS Patriot LLC, and FS Tenant
Holding Company Trust, as Tenants.

 

3.               Amended and Restated Master Lease
Agreement (Lease No. 4) dated as of August 4, 2009 by and among
certain affiliates of Senior Housing Properties Trust, as Landlord, and Five
Star Quality Care Trust, Five Star Quality Care — NS Tenant, LLC, and FS Tenant
Holding Company Trust, as Tenants.

 

4.               Master Lease Agreement, dated as of April 1,
2002, by and among certain affiliates of Five Star Quality Care, Inc., as
Landlord, and certain other affiliates of Five Star Quality Care, Inc., as
Tenant, as amended.

 

5.               Master Lease Agreement, dated as of July 1,
2008, between Five Star Quality Care-NS Owner, LLC, as Landlord, and Five Star
Quality Care-NS Operator, LLC, as Tenant.

 

6.               Master Lease Agreement, dated as of December 3,
2008, by and between Five Star Quality Care - OBX Owner, LLC, as Landlord, and
Five Star Quality Care - OBX Operator, LLC, as Tenant.

 

Subleases

 

Subleases under Amended
and Restated Master Lease Agreement (Lease No. 1)

 

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.

 

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-Colorado, LLC, Delaware limited
liability company, as subtenant, as amended.

 

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-IA, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

 

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-WY, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

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, Inc., a Delaware corporation,
as subtenant, as amended.

 

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-NE, Inc., a Delaware
corporation, as subtenant, as amended.

 

7.              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.

 

8.              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, as amended.

 

9.              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, as amended.

 

10.        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, as amended.

 

11.        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, as amended.

 

12.        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, as amended.

 

13.        Sublease Agreement, dated October 31,
2005, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Five Star Quality Care-GHV, LLC, a Maryland limited
liability company, as subtenant, as amended.

 

14.        Sublease Agreement, dated September 1,
2006, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Five Star Quality Care-FL, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

15.        Sublease Agreement, dated October 1,
2006, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Five Star Quality Care-MS, LLC, a Maryland limited
liability company, as subtenant, as amended.

 

 

16.        Second Amended and Restated Sublease
Agreement, dated November 1, 2006, 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, as amended.

 

17.        Second Amended and Restated Sublease
Agreement, dated November 6, 2006, 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, as amended.

 

18.        Amended and Restated Sublease Agreement,
dated January 1, 2007, 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, as amended.

 

19.        Second Amended and Restated Sublease Agreement, dated February 17,
2008, 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, as amended.

 

20.        Sublease Agreement, dated March 1,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Five Star Quality Care-MN, LLC, a Maryland limited
liability company, as subtenant, as amended.

 

21.        Sublease Agreement, dated March 31,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Annapolis Heritage Partners, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

22.        Sublease Agreement, dated March 31,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Columbia Heritage Partners, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

23.        Sublease Agreement, dated March 31,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Encinitas Heritage Partners, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

24.        Sublease Agreement, dated March 31,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Frederick Heritage Partners, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

25.        Sublease Agreement, dated March 31,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Fresno Heritage Partners, A California Limited Partnership,
as subtenant, as amended.

 

26.        Sublease Agreement, dated March 31,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Hagerstown Heritage Partners, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

 

27.        Sublease Agreement, dated March 31,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Newark Heritage Partners I, LLC, a Delaware limited liability
company, as subtenant, as amended.

 

28.        Sublease Agreement, dated March 31,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Newark Heritage Partners II, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

29.        Sublease Agreement, dated March 31,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Redlands Heritage Partners, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

30.        Sublease Agreement, dated March 31,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Roseville Heritage Partners, A California Limited
Partnership, as subtenant, as amended.

 

31.        Amended and Restated Sublease Agreement,
dated as of August 4, 2009, by and between Five Star Quality Care Trust, a
Maryland business trust, as sublandlord, and Five Star Quality Care-VA, LLC, a
Delaware limited liability company, as subtenant.

 

32.        Amended and Restated Sublease Agreement,
dated as of August 4, 2009, 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.

 

Subleases under Amended
and Restated Master Lease Agreement (Lease No. 2)

 

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-Colorado, LLC, Delaware limited
liability company, as subtenant, as amended.

 

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-IA, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

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-KS, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

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-MO, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

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-NE, Inc., a Delaware
corporation, as subtenant, as amended.

 

 

6.              Sublease Agreement, dated January 11,
2002, by and between FS Tenant Holding Company Trust, a Maryland business
trust, as sublandlord, and FS Leisure Park Tenant Trust, a Maryland business
trust, as subtenant, as amended.

 

7.              Sublease Agreement, dated January 11,
2002, by and between FS Tenant Holding Company Trust, a Maryland business
trust, as sublandlord, and FS Lafayette Tenant Trust, a Maryland business
trust, as subtenant, as amended.

 

8.              Sublease Agreement, dated January 11,
2002, by and between FS Tenant Holding Company Trust, a Maryland business
trust, as sublandlord, and FS Lexington Tenant Trust, a Maryland business
trust, as subtenant, as amended.

 

9.              Sublease Agreement, dated as of the January 11,
2002, by and between FS Tenant Holding Company Trust, a Maryland business
trust, as sublandlord, and FS Tenant Pool IV Trust, a Maryland business trust,
as subtenant, as amended.

 

10.        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, as amended.

 

11.        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, as amended.

 

12.        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, as amended.

 

13.        Sublease Agreement, dated October 31,
2005, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Five Star Quality Care-GHV, LLC, a Maryland limited
liability company, as subtenant, as amended.

 

14.        Second Amended and Restated Sublease
Agreement, dated November 1, 2006, 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, as amended.

 

15.        Sublease Agreement, dated February 7,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Five Star Quality Care-TX, LLC, a Maryland limited
liability company, as subtenant, as amended.

 

16.        Second Amended and Restated Sublease
Agreement, dated February 17, 2008, 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, as amended.

 

17.        Sublease Agreement, dated as of August 1,
2008, between Five Star Quality Care Trust, a Maryland business trust, as
sublandlord, and FSQC-AL, LLC, a Maryland limited liability company, as
subtenant.

 

 

18.        Sublease Agreement, dated as of November 1,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Five Star Quality Care-IN, LLC, a Maryland limited
liability company, as subtenant.

 

19.        Amended and Restated Sublease Agreement,
dated as of August 4, 2009, by and between Five Star Quality Care Trust, a
Maryland business trust, as sublandlord, and Five Star Quality Care-MD, LLC, a
Delaware limited liability company, as subtenant.

 

20.        Amended and Restated Sublease Agreement,
dated as of August 4, 2009, 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.

 

21.        Amended and Restated Sublease Agreement,
dated as of August 4, 2009, by and between FS Tenant Holding Company
Trust, a Maryland business trust, as sublandlord and FS Tenant Pool I Trust, a
Maryland business trust, as subtenant.

 

22.        Amended and Restated Sublease Agreement,
dated as of August 4, 2009, by and between FS Tenant Holding Company
Trust, a Maryland business trust, as sublandlord, and FS Tenant Pool II Trust,
a Maryland business trust, as subtenant.

 

23.        Amended and Restated Sublease Agreement,
dated as of August 4, 2009, by and between FS Tenant Holding Company
Trust, a Maryland business trust, as sublandlord, and FS Tenant Pool III Trust,
a Maryland business trust, as subtenant.

 

Subleases under Amended and Restated Master Lease
Agreement (Lease No. 4)

 

24.        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.

 

25.        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.

 

26.        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.

 

27.        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.

 

28.        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, as amended.

 

 

29.        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, as amended.

 

30.        Sublease Agreement, dated September 1,
2006, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Five Star Quality Care-FL, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

31.        Sublease Agreement, dated September 1,
2006, by and between Five Star Quality Care Trust, a Maryland business trust,
as Sublandlord, and Five Star Quality Care-IL, LLC, a Maryland limited
liability company, as Subtenant, as amended.

 

32.        Second Amended and Restated Sublease
Agreement, dated November 1, 2006, 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, as amended.

 

33.        Second Amended and Restated Sublease
Agreement, dated November 6, 2006, 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, as amended.

 

34.        Second Amended and Restated Sublease
Agreement, dated February 17, 2008, 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, as amended.

 

35.        Sublease Agreement, dated March 31,
2008, by and between Five Star Quality Care Trust, a Maryland business trust,
as sublandlord, and Stockton Heritage Partners, LLC, a Delaware limited
liability company, as subtenant, as amended.

 

36.        Confirmatory Sublease Agreement, dated as
of June 30, 2008, but effective as of October 25, 2002, 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.

 

37.        Sublease Agreement, dated as of July 1,
2008, by and between Five Star Quality Care-NS Tenant, LLC, a Maryland limited
liability company, as sublandlord, and Five Star Quality Care-GHV, LLC, a
Maryland limited liability company, as subtenant.

 

38.        Sublease Agreement, dated as of July 1,
2008, by and between Five Star Quality Care-NS Tenant, LLC, a Maryland limited
liability company, as sublandlord, and Five Star Quality Care-NJ, LLC, a
Maryland limited liability company, as subtenant.

 

39.        Amended and Restated Sublease Agreement,
dated as of August 4, 2009, by and between Five Star Quality Care Trust, a
Maryland business trust, as sublandlord, and Five Star Quality Care-VA, LLC, a
Delaware limited liability company, as subtenant.

 

 

40.        Amended and Restated Sublease Agreement,
dated as of August 4, 2009, by and between FS Tenant Holding Company
Trust, a Maryland business trust, as sublandlord and FS Tenant Pool I Trust, a
Maryland business trust, as subtenant.

 

 

SCHEDULE 7.1(cc)

 

DEPOSIT ACCOUNT

 

	
  Bank

  	
   

  	
  Name

  	
   

  	
  Purpose

  	
   

  	
  Account #

  	
   

  	
  Type

  	
   

  	
   

  
	
  Corporate

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Concentration

  	
   

  	
  1135638907

  	
   

  	
  Concentration 

  	
   

  	
  Primary Borrower Account

  
	
  Wachovia 

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Concentration

  	
   

  	
  2000027339804

  	
   

  	
  Depository

  	
   

  	
  Sweeps to account no.
  1135638907

  
	
  Wachovia 

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  GVT Dep.

  	
   

  	
  2000027399817

  	
   

  	
  Depository

  	
   

  	
  Primary Provider Account
  (sweeps to account no. 2000027339804)

  
	
  Wachovia 

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Non Wachovia Dep

  	
   

  	
  2000027339820

  	
   

  	
  Depository

  	
   

  	
  Primary Borrower Account
  (sweeps to account no. 2000027339804)

  
	
  Wachovia 

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Wachovia Dep

  	
   

  	
  2003207613318

  	
   

  	
  Depository

  	
   

  	
  Primary Borrower Account
  (local collections) (sweeps to account no. 2000027339804)

  
	
  First National

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Westgate Gift Shop
  Deposits

  	
   

  	
  11300003

  	
   

  	
  Deposits

  	
   

  	
  Sweeps to account no.
  2000027339820

  
	
  Wachovia 

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Ellicott City Gift Shop
  Deposits

  	
   

  	
  2000028302746

  	
   

  	
  Depository

  	
   

  	
  Sweeps to account no.
  2003207613318

  
	
  Wachovia 

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Wachovia Dep

  	
   

  	
  2000049281642

  	
   

  	
  Depository

  	
   

  	
  For payments from
  Affected Properties only 

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Government
  Lockboxes:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  None

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Government
  Lockbox Accounts:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  None

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

	
  Disbursement
  Accounts:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Garnishments/PR Taxes
  Disb.

  	
   

  	
  1108201552

  	
   

  	
  Disbursement

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Accounts Payable

  	
   

  	
  1135638702

  	
   

  	
  Disbursement

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Payroll-Facility

  	
   

  	
  1135638699

  	
   

  	
  Disbursement

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Payroll-Corporate

  	
   

  	
  1135638680

  	
   

  	
  Disbursement

  	
   

  	
   

  
	
  Wachovia 

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Wachovia Dep

  	
   

  	
   

  	
   

  	
  Disbursement

  	
   

  	
  Master Tenant’s Account (disbursement
  account for Fannie Mae Lease Agreement lease payments)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Accounts
  Being Closed:

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Monroe Bank

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Meadowood

  	
   

  	
  4296251

  	
   

  	
  Checking

  	
   

  	
   

  
	
  Monroe Bank

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Meadowood

  	
   

  	
  4297362

  	
   

  	
  Reserved Money Market

  	
   

  	
   

  
	
  Monroe Bank

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Meadowood

  	
   

  	
  4247323

  	
   

  	
  Depository 

  	
   

  	
   

  
	
  Monroe Bank

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Meadowood

  	
   

  	
  4269202

  	
   

  	
  Depository 

  	
   

  	
   

  
	
  JP Morgan Chase Bank

  	
   

  	
  Five Star Quality
  Care, Inc.

  	
   

  	
  Meadowood

  	
   

  	
  000000714637675

  	
   

  	
  Operating acct

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  NER

  	
   

  	
  Concentration

  	
   

  	
  1309162708

  	
   

  	
  Disbursement

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Braintree

  	
   

  	
  Concentration

  	
   

  	
  1309162767

  	
   

  	
  Disbursement 

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Heartland

  	
   

  	
  Concentration

  	
   

  	
  1305121179

  	
   

  	
  Disbursement 

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Royal Hills

  	
   

  	
  Concentration

  	
   

  	
  1137419110

  	
   

  	
   Disbursement

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Southcoast

  	
   

  	
  Concentration

  	
   

  	
   

  	
   

  	
   Disbursement

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Braintree Rehab Hyannis

  	
   

  	
  Concentration

  	
   

  	
  1312293281

  	
   

  	
   

  	
   

  	
   

  
	
  First National

  	
   

  	
  Heartland LTC

  	
   

  	
  Concentration

  	
   

  	
  22633578

  	
   

  	
  Deposits

  	
   

  	
   

  
	
  JP Morgan

  	
   

  	
  Virginia Rehab

  	
   

  	
  Concentration

  	
   

  	
  623471091

  	
   

  	
  Deposits

  	
   

  	
   

  
	
  JP Morgan

  	
   

  	
  Brookfield Rehab

  	
   

  	
  Concentration

  	
   

  	
  623471109

  	
   

  	
  Deposits

  	
   

  	
   

  
	
  Wachovia

  	
   

  	
  Wachovia Progress
  Pharmacy

  	
   

  	
  Concentration

  	
   

  	
  2000041007426

  	
   

  	
  Deposits

  	
   

  	
   

  
	
  Wachovia

  	
   

  	
  Wachovia Progress
  Pharmacy

  	
   

  	
  Concentration

  	
   

  	
  2000031710325

  	
   

  	
  Deposits

  	
   

  	
   

  

 

 

	
  Restricted
  Cash

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  American International
  Companies

  	
   

  	
  Somerford Corp

  	
   

  	
  Somerford

  	
   

  	
  4623

  	
   

  	
  Cash Collarteral

  	
   

  	
   

  
	
  The Private Bank

  	
   

  	
  Sunrise (insurance)

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Checking

  	
   

  	
   

  
	
  Monroe Bank

  	
   

  	
  Meadowood

  	
   

  	
  Security Deposit

  	
   

  	
  2094

  	
   

  	
  Checking

  	
   

  	
   

  
	
  Comerica

  	
   

  	
  Park Lane

  	
   

  	
  Security Deposit

  	
   

  	
  1880409923

  	
   

  	
  Checking

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Fountainview

  	
   

  	
  Security Deposit

  	
   

  	
  130619-002-6

  	
   

  	
  Checking

  	
   

  	
   

  
	
  Wachovia

  	
   

  	
  Coral Oaks

  	
   

  	
  Security Deposit

  	
   

  	
  1090012742789

  	
   

  	
  Checking

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Park Summit

  	
   

  	
  Security Deposit

  	
   

  	
  130619-001-8

  	
   

  	
  Money Market

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Montevista

  	
   

  	
  Security Deposit

  	
   

  	
  131039-769-1

  	
   

  	
  Money Market

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Montebello

  	
   

  	
  Security Deposit

  	
   

  	
  130619-004-2

  	
   

  	
  Money Market

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Forwood Manor

  	
   

  	
  Security Deposit

  	
   

  	
  130844-883-7

  	
   

  	
  Money Market

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Leisure Park

  	
   

  	
  Security Deposit

  	
   

  	
  131039-771-3

  	
   

  	
  Money Market

  	
   

  	
   

  
	
  Bradford Bank

  	
   

  	
  Ellicott City

  	
   

  	
  Security Deposit

  	
   

  	
  6000129244

  	
   

  	
  Money Market

  	
   

  	
   

  
	
  Citizen

  	
   

  	
  Aspenwood

  	
   

  	
  Security Deposit

  	
   

  	
  113381-539-9

  	
   

  	
  Money Market

  	
   

  	
   

  

 

 

SCHEDULE 10.4(a)

 

LIENS IN EXISTENCE AS OF THE AGREEMENT DATE

 

41.        Amended Master Lease
Agreement dated January 11, 2002 between certain affiliates of Senior
Housing Properties Trust, as landlord, and FS Tenant Holding Company Trust and
FS Tenant Pool III Trust, as tenant, as amended by the First Amendment to
Amended Master Lease Agreement dated October 1, 2002 and Second Amendment
to Amended Master Lease Agreement dated March 1, 2004.

 

42.        Second Amended and Restated
Lease Agreement dated November 19, 2004 between certain affiliates of
Senior Housing Properties Trust, as landlord, and Five Star Quality Care Trust,
as tenant.

 

43.        Master Lease Agreement dated
as of April 1, 2002 between certain affiliates of Five Star Quality Care, Inc.,
as landlord, and Certain Other Affiliates of Five Star Quality Care, Inc.,
as tenant, as amended by a Partial Termination and Amendment of Lease dated as
of September 30, 2003.

 

44.        Lease Agreement dated November 19,
2004 between certain affiliates of Senior Housing Properties Trust, as
landlord, and certain affiliates of Five Star Quality Care, Inc., as
tenant (relating to 16 sites subject to GMAC/FNMA financing).

 

45.        Lease Agreement dated November 19,
2004 between certain affiliates of Senior Housing Properties Trust and certain
affiliates of Five Star Quality Care, Inc., as tenant (relating to 4 sites
subject to GMAC/FNMA financing).

 

46.        Master Lease dated as of November 19,
2004 between HCPI Trust, as landlord, and Morningside of South Carolina, L.P.,
as tenant.

 

47.        Guaranty of Obligations
dated as of November 19, 2004, by Five Star Quality Care, Inc. in
favor of HCPI Trust.

 

48.        Second Amended and Restated
Pledge of Stock and Membership Interests Agreement dated as of May 6,
2005, by certain affiliates of Five Star Quality Care, Inc. for the
benefit of certain affiliates of Senior Housing Properties Trust.

 

49.        Amended and Restated Pledge
of Shares of Beneficial Interest Agreement dated as of May 6, 2005, by FSQ, Inc.
for the benefit of certain affiliates of Senior Housing Properties Trust.

 

50.        Pledge of Shares of
Beneficial Interest Agreement dated as of January 11, 2002, by FSQ, Inc.
for the benefit of certain affiliates of Senior Housing Properties Trust.

 

51.        Pledge of Membership
Interests Agreement dated as of January 11, 2002 by FS Tenant Holding
Company Trust for the benefit of certain affiliates of Senior Housing
Properties Trust.

 

 

52.        Security Agreement dated as
of December 31, 2001, between Five Star Quality Care Trust and certain
affiliates of Senior Housing Properties Trust, as amended and confirmed from
time to time.

 

53.        Security Agreement dated as
of December 31, 2001, between certain affiliates of Five Star Quality Care, Inc.
and certain affiliates of Senior Housing Properties Trust, as amended and confirmed
from time to time.

 

54.        Security Agreement dated as
of January 11, 2002, between FS Tenant Holding Company Trust and certain
affiliates of Senior Housing Properties Trust, as amended and confirmed from
time to time.

 

55.        Security Agreement dated as
of January 11, 2002, between certain affiliates of Five Star Quality Care, Inc.
and certain affiliates of Senior Housing Properties Trust, as amended and
confirmed from time to time.

 

56.        Security Agreement dated as
of October 25, 2002 between Five Star Quality Care Trust (as successor by
merger of FVE-CHS, LLC) and SNH CHS Properties Trust, as amended and confirmed
from time to time.

 

57.        Security Agreement dated as
of October 25, 2002, between certain affiliates of Five Star Quality Care, Inc.
and SNH CHS Properties Trust, as amended and confirmed from time to time.

 

58.        Assignment and Security
Agreement (FF&E Reserve) dated as of October 1, 2002, between FS
Tenant Holding Company Trust, FS Tenant Pool III Trust and certain affiliates
of Senior Housing Properties Trust, as amended and confirmed from time to time.

 

59.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Beaufort, LLC, Fannie Mae and Morningside of Beaufort, LLC.

 

60.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD —
Bowling Green, LLC, Fannie Mae and Morningside of Bowling Green, LLC.

 

61.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Camden, LLC, Fannie Mae and Morningside of Camden, LLC.

 

62.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Cleveland, LLC, Fannie Mae and Morningside of Cleveland, LLC.

 

63.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Conyers, LLC, Fannie Mae and Morningside of Conyers, LLC.

 

64.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Cookeville, LLC, Fannie Mae and Morningside of Cookeville, LLC.

 

 

65.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Cullman, LLC, Fannie Mae and Morningside of Cullman, LLC.

 

66.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Gainesville, LLC, Fannie Mae and Morningside of Gainesville, LLC.

 

67.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Hartsville, LLC, Fannie Mae and Morningside of Hartsville, LLC.

 

68.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Lexington, LLC, Fannie Mae and Morningside of Lexington, LLC.

 

69.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Macon, LLC, Fannie Mae and Morningside of Macon, LLC.

 

70.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Madison, LLC, Fannie Mae and Morningside of Madison, LLC.

 

71.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Orangeburg, LLC, Fannie Mae and Morningside of Orangeburg, LLC.

 

72.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Paducah, LLC, Fannie Mae and Morningside of Paducah, LLC.

 

73.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Seneca, LLC, Fannie Mae and Morningside of Seneca, LLC.

 

74.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Sheffield, LLC, Fannie Mae and Morningside of Sheffield, LLC.

 

75.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Franklin, LLC, Fannie Mae and Morningside of Franklin, LLC.

 

76.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Hopkinsville, LLC, Fannie Mae and Morningside of Hopkinsville, LLC.

 

77.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Jackson, LLC, Fannie Mae and Morningside of Jackson, LLC.

 

78.        Subordination, Assignment
and Security Agreement, dated as of November 19, 2004, between MSD -
Knoxville, LLC, Fannie Mae and Morningside of Knoxville, LLC.

 

79.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Beaufort, LLC and
MSD - Beaufort, LLC, as debtors, and Fannie Mae, as secured party.

 

80.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Bowling Green, LLC
and MSD — Bowling Green, LLC, as debtors, and Fannie Mae, as secured party.

 

 

81.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Camden, LLC and MSD
- Camden, LLC, as debtors, and Fannie Mae, as secured party.

 

82.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Cleveland, LLC and
MSD - Cleveland, LLC, as debtors, and Fannie Mae, as secured party.

 

83.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Conyers, LLC and MSD
- Conyers, LLC, as debtors, and Fannie Mae, as secured party.

 

84.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Cookeville, LLC and
MSD - Cookeville, LLC, as debtors, and Fannie Mae, as secured party.

 

85.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Cullman, LLC and MSD
- Cullman, LLC, as debtors, and Fannie Mae, as secured party.

 

86.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Gainesville, LLC and
MSD - Gainesville, LLC, as debtors, and Fannie Mae, as secured party.

 

87.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Hartsville, LLC and
MSD - Hartsville, LLC, as debtors, and Fannie Mae, as secured party.

 

88.        UCC Financing Statements, dated
as of November 19, 2004, listing Morningside of Lexington, LLC and MSD -
Lexington, LLC, as debtors, and Fannie Mae, as secured party.

 

89.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Macon, LLC and MSD -
Macon, LLC, as debtors, and Fannie Mae, as secured party.

 

90.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Madison, LLC and MSD
- Madison, LLC, as debtors, and Fannie Mae, as secured party.

 

91.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Orangeburg, LLC and
MSD - Orangeburg, LLC, as debtors, and Fannie Mae, as secured party.

 

92.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Paducah, LLC and MSD
- Paducah, LLC, as debtors, and Fannie Mae, as secured party.

 

93.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Seneca, LLC and MSD
- Seneca, LLC, as debtors, and Fannie Mae, as secured party.

 

94.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Sheffield, LLC and
MSD - Sheffield, LLC, as debtors, and Fannie Mae, as secured party.

 

95.        UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Franklin, LLC and
MSD - Franklin, LLC, as debtors, and Fannie Mae, as secured party.

 

 

96.             UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Hopkinsville, LLC
and MSD - Hopkinsville, LLC, as debtors, and Fannie Mae, as secured party.

 

97.             UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Jackson, LLC and MSD
- Jackson, LLC, as debtors, and Fannie Mae, as secured party.

 

98.             UCC Financing Statements,
dated as of November 19, 2004, listing Morningside of Knoxville, LLC and
MSD - Knoxville, LLC, as debtors, and Fannie Mae, as secured party.

 

99.             UCC Financing Statement,
dated as of February 4, 2004, listing FS Tenant Pool I Trust, as debtor,
and certain subsidiaries of Senior Housing Properties Trust, as secured
parties.

 

100.       UCC Financing Statement,
dated as of February 4, 2004, listing FS Tenant Pool II Trust, as debtor,
and certain subsidiaries of Senior Housing Properties Trust, as secured
parties.

 

101.       UCC Financing Statement,
dated as of February 4, 2004, listing FS Tenant Pool III Trust, as debtor,
and certain subsidiaries of Senior Housing Properties Trust, as secured
parties.

 

102.       UCC Financing Statement,
dated as of February 4, 2004, listing FS Tenant Pool IV Trust, as debtor,
and certain subsidiaries of Senior Housing Properties Trust, as secured
parties.

 

103.       Mortgage, dated as of September 26,
2001, made by Morningside of Fayette, L.P. for the benefit of Berkshire
Mortgage Finance Bethesda Limited Partnership.

 

104.       Security Agreement, dated as
of September 26, 2001, by and between Morningside of Fayette, L.P. and
Berkshire Mortgage Finance Bethesda Limited Partnership.

 

105.       Regulatory Agreement for
Multifamily Housing Projects, dated as of September       ,
2001, between Morningside of Fayette, L.P. and Secretary of Housing and Urban
Development, recorded with the Fayette County Registry in Book 2001, Page 4510.

 

106.       UCC Financing Statements,
listing Morningside of Fayette, L.P. as the debtor and Berkshire Mortgage
Finance Bethesda Limited Partnership as the secured party.

 

107.       Deed of Trust, dated as of May 24,
2001, made by Morningside Holdings of Greensboro, LLC (successor in interest of
Concord Assisted Living Retirement Community, L.L.C.) to James M. Tanner, Jr.,
Trustee for the benefit of Highland Mortgage Company, recorded with the
Cabarrus County Registry of Deeds in Book 3261, Page 132.

 

108.       Regulatory Agreement, dated
as of May 24, 2001, between Morningside Holdings of Greensboro, LLC
(successor in interest of Concord Assisted Living Retirement Community, L.L.C.)
and Secretary of Housing and Urban Development, recorded with the Cabarrus
County Registry of Deeds in Book 3261, Page 139.

 

 

109.       Regulatory Agreement, dated
as of
              ,
2002, by and between Morningside of Greensboro, LLC and Secretary of Housing and
Urban Development, recorded with the Cabarrus County Registry of Deeds in Book
4060, Page 93.

 

110.       Security Agreement, dated as
of October 1, 2002, by and among Morningside of Greensboro, LLC, Highland
Mortgage Company and Secretary of Housing and Urban Development.

 

111.       Deed of Trust and Assignment
of Rents, Profits and Income, dated as of January 16, 1998, made by
Morningside Holdings of Gastonia, LLC (successor in interest of Gastonia
Assisted Living Retirement Community, Inc.) to James M. Tanner, Jr.,
Trustee for the benefit of Reilly Mortgage Group, Inc. (successor in
interest of Highland Mortgage Company), recorded with the Gaston County
Registry of Deeds in Book 2744, Page 634, as assigned by assignment
recorded with said Deeds on March 15, 2001 in Book 3205, Page 799.

 

112.       Regulatory Agreement for
Multifamily Housing Projects, dated as of January 16, 1998, between
Morningside Holdings of Gastonia, LLC (successor in interest of Gastonia
Assisted Living Retirement Community, Inc.) and Secretary of Housing and
Urban Development, recorded with the Gaston County Registry of Deeds in Book
2744, Page 642.

 

113.       Security Agreement, dated as
of January 16, 1998, made by Morningside Holdings of Gastonia, LLC
(successor in interest of Gastonia Assisted Living Retirement Community, Inc.)
for the benefit of Reilly Mortgage Group, Inc. (successor in interest of
Highland Mortgage Company).

 

114.       Regulatory Agreement Nursing
Homes, dated as of
              ,
2002, by and between Morningside of Gastonia, LLC and Secretary of Housing and
Urban Development, recorded with the Gaston County Registry of Deeds in Book
3547, Page 75.

 

115.       Security Agreement, dated as
of October 1, 2002, by and among Morningside of Gastonia, LLC, Reilly
Mortgage Group, Inc. and Secretary of Housing and Urban Development.

 

116.       Deed of Trust, dated as of May 24,
2001, made by Morningside Holdings of Greensboro, LLC (successor in interest of
Greensboro Assisted Retirement Community, L.L.C.) to James M. Tanner, Jr.,
trustee for the benefit of Highland Mortgage Company, recorded with the
Guilford County Registry of Deeds in Book 5234, Page 611.

 

117.       Regulatory Agreement, dated
as of May 21, 2001, between the Morningside Holdings of Greensboro, LLC
(successor in interest of Greensboro Assisted Retirement Community, L.L.C.) and
Secretary of Housing and Urban Development, recorded with the Guilford County
Registry of Deeds in Book 5234, Page 619.

 

118.       Regulatory Agreement, dated
as of
              ,
2002, by and between Morningside of Greensboro, LLC and Secretary of Housing
and Urban Development, recorded with the Guilford County Registry of Deeds in
Book 5630, Page 239.

 

 

119.       Security Agreement, dated as
of October 1, 2002, by and among Morningside of Greensboro, LLC, Highland
Mortgage Company and Secretary of Housing and Urban Development.

 

120.       Deed of Trust and Assignment
of Rents, Profits and Income (Multifamily), dated as of September 1, 1995,
made by Morningside Holdings of Raleigh, LLC (successor in interest of
Manorhouse Associates of Raleigh, L.P.) to James N. Tanner, Jr., Trustee
for the benefit of Reilly Mortgage Group, Inc. (successor in interest of
Highland Mortgage Company), recorded with the Wake County Registry of Deeds in
Book 6658, Page 556, as assigned by assignment recorded with said Deeds on
March 1, 2001 in Book 8825, Page 2239.

 

121.       Regulatory Agreement, dated
as of September 1, 1995, between Morningside Holdings of Raleigh, LLC
(successor in interest of Manorhouse Associates of Raleigh, L.P.) and Secretary
of Housing and Urban Development, recorded with the Wake County Registry of
Deeds in Book 6658, Page 564.

 

122.       Regulatory Agreement Nursing
Homes, dated as of
              ,
2002, by and between Morningside of Raleigh, LLC and Secretary of Housing and
Urban Development, recorded with the Wake County Registry of Deeds in Book
9642, Page 1525.

 

123.       Security Agreement, dated as
of October 1, 2002, by and among Morningside of Raleigh, LLC, Reilly
Mortgage Group, Inc. and Secretary of Housing and Urban Development.

 

124.       Deed of Trust and Assignment
of Rents, Profits and Income (Multifamily), dated as of June 21, 2000,
made by Morningside Holdings of Raleigh, LLC (successor in interest of
Manorhouse Associates of Raleigh, L.P.) to James N. Tanner, Jr., Trustee
for the benefit of Highland Mortgage Company, recorded with the Wake County
Registry of Deeds in Book 8620, Page 2490.

 

125.       Regulatory Agreement, dated
as of June 21, 2000, between Morningside Holdings of Raleigh, LLC
(successor in interest of Manorhouse Associates of Raleigh, L.P.) and Secretary
of Housing and Urban Development, recorded with the Wake County Registry of
Deeds in Book 8620, Page 2500.

 

126.       Security Agreement, dated as
of June 21, 2000, made by Morningside Holdings of Raleigh, LLC (successor
in interest of Manorhouse Associates of Raleigh, L.P.) for the benefit of
Highland Mortgage Company and Secretary of Housing and Urban Development.

 

127.       Regulatory Agreement Nursing
Homes, dated as of
              ,
2002, by and between Morningside of Raleigh, LLC and Secretary of Housing and
Urban Development, recorded with the Wake County Registry of Deeds in Book
9642, Page 1525.

 

128.       Security Agreement, dated as
of October 1, 2002, by and among Morningside of Raleigh, LLC, Highland
Mortgage Company and Secretary of Housing and Urban Development.

 

 

129.       Deed of Trust, dated as of March 7,
1997, made by Morningside of Paris, L.P. for the benefit of Robert W. Fidler,
Trustee and Mellon Mortgage Company, and recorded with the Henry County
Registry in Book 284, Page 904.

 

130.       Regulatory Agreement for
Multifamily Housing Projects, dated as of March 7, 1997, between
Morningside of Paris, L.P. and Secretary of Housing and Urban Development,
recorded with the Henry County Registry in Book 284, Page 911.

 

131.       Security Agreement, dated as
of March 7, 1997, between Morningside of Paris, L.P. and Mellon Mortgage
Company.

 

132.       Second Deed of Trust, dated
as of January 27, 2000, made by Morningside of Paris, L.P. for the benefit
of Robert W. Fidler, Trustee and Patrician Financial Company Limited
Partnership, and recorded with the Henry County Registry in Book 13, Page 706.

 

133.       Regulatory Agreement for
Multifamily Housing Projects, dated as of January 27, 2000, between
Morningside of Paris, L.P. and Secretary of Housing and Urban Development,
recorded with the Henry County Registry in Book 13, Page 713.

 

134.       Security Agreement, dated as
of January 27, 2000, between Morningside of Paris, L.P. and Patrician
Financial Company Limited Partnership.

 

135.       Deed of Trust, dated as of November 14,
1997, made by Morningside Holdings of Williamsburg, LLC (successor in interest
of Williamsburg Assisted Living Retirement Community, Inc.) to Ronald E.
Sweeney for the benefit of Highland Mortgage Company, recorded with the Clerk’s
Office of the Circuit Court of James City County, Virginia, as Instrument No. 97018430.

 

136.       Regulatory Agreement, dated
as of November 18, 1997, between Morningside Holdings of Williamsburg, LLC
(successor in interest of Williamsburg Assisted Living Retirement Community, Inc.)
and Secretary of Housing and Urban Development, recorded with the Clerk’s
Office of the Circuit Court of James City County, Virginia, as Instrument No. 97018431.

 

137.       Regulatory Agreement, dated
as of
              ,
2002, by and between Morningside of Williamsburg, LLC and Secretary of Housing
and Urban Development.

 

138.       Security Agreement, dated as
of October 1, 2002, by and among Morningside of Williamsburg, LLC,
Highland Mortgage Company and Secretary of Housing and Urban Development.

 

139.       Mortgage, dated as of April 19,
2004, by Five Star Quality Care-Howell, LLC for the benefit of Love Funding
Corporation.

 

140.       Regulatory Agreement, dated
as of April 19, 2004, between Five Star Quality Care-Howell, LLC and
Secretary of Housing and Urban Development.

 

 

141.       Security Agreement, dated as
of April 19, 2004, among Five Star Quality Care-Howell, LLC, Secretary of
Housing and Urban Development and Love Funding Corporation.

 

142.       UCC Financing Statements,
naming Five Star Quality Care-Howell, LLC as debtor and Secretary of Housing
and Urban Development and Love Funding Corporation as secured parties.

 

143.       Regulatory Agreement
(Nursing Homes), dated as of April 19, 2004, between Five Star Quality
Care-MI, LLC and Secretary of Housing and Urban Development.

 

144.       Security Agreement, dated as
of April 19, 2004, between Five Star Quality Care-MI, LLC and Love Funding
Corporation.

 

145.       UCC Financing Statements,
naming Five Star Quality Care-MI, LLC as debtor and Love Funding Corporation as
secured party.

 

146.       Assignment of Nursing Home
License, dated as of April 19, 2004, between Five Star Quality Care-MI,
LLC and Love Funding Corporation.

 

 

EXHIBIT A-1

 

FORM OF AMENDED AND RESTATED COLLATERAL ASSIGNMENT OF LEASE (LEASE
NO. 1)

 

 

EXHIBIT A-2

 

FORM OF RELEASE AND CONSENT (LEASE NO. 1)

 

 

EXHIBIT B-1

 

FORM OF AMENDED AND RESTATED COLLATERAL ASSIGNMENT OF LEASE (LEASE
NO. 2)

 

 

EXHIBIT B-2

 

FORM OF RELEASE AND CONSENT (LEASE NO. 2)

 

 

EXHIBIT C-1

 

FORM OF COLLATERAL ASSIGNMENT OF LEASE (LEASE NO. 3)

 

 

EXHIBIT C-2

 

FORM OF RELEASE AND CONSENT (LEASE NO. 3)

 

 

EXHIBIT D

 

NEW GUARANTORS

 

Annapolis Heritage Partners, LLC

Columbia Heritage Partners, LLC

Encinitas Heritage Partners, LLC

Five Star Quality Care - GHV,
LLC

Five Star Quality Care - IL, LLC

Five Star Quality Care - IN,
LLC

Five Star Quality Care - MN,
LLC

Five Star Quality Care - MS, LLC

Five Star Quality Care - NJ,
LLC

Five Star Quality Care - NS
Operator, LLC

Five Star Quality Care — NS Owner, LLC

Five Star Quality Care — NS Tenant, LLC

Five Star Quality Care — OBX Operator, LLC

Five Star Quality Care — OBX Owner, LLC

Five Star Quality Care - TX, LLC

Frederick Heritage Partners, LLC

Fresno Heritage Partners, a California Limited
Partnership

FS Commonwealth LLC

FS Patriot LLC

FSQC-AL, LLC

FSQ Pharmacy Holdings LLC

Hagerstown Heritage Partners, LLC

Morningside of Concord, LLC

Morningside of Fayette, L.P.

Morningside of Gastonia, LLC

Morningside of Paris, L.P.

Morningside of Greensboro, LLC

Morningside of Raleigh, LLC

Morningside of Williamsburg, LLC

Newark Heritage Partners I, LLC

Newark Heritage Partners II, LLC

Redlands Heritage Partners, LLC

Roseville Heritage Partners, a California Limited
Partnership

Stockton Heritage Partners, LLC

 

 

 

 

 

 

 

 

 

 

 

Certain Schedules and
Exhibits to this agreement have been omitted and will be furnished
supplementally to the Securities and Exchange Commission upon request.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00161-of-00352.parquet"}]]