Document:

fve_Ex10_10

		
			Exhibit 10.10
		

		
			AMENDMENT NO. 3 TO THE 
CREDIT AND SECURITY AGREEMENT
		

		
			This AMENDMENT NO. 3 (this “Amendment”) dated as of March 13, 2015, by and among Five Star Quality Care, Inc., a Maryland corporation (the “Borrower”), the Subsidiaries of the Borrower party hereto as “Guarantors” (the “Guarantors”), each of the Lenders party hereto (the “Lenders”), and JFIN BUSINESS CREDIT I LLC (as assignee of Jefferies Finance LLC), as Administrative Agent and Collateral Agent (together with its successors and assigns, the “Agent”).
		

		
			WHEREAS, the Borrower, the Guarantors, the Lenders, the Agent and certain other parties have entered into that certain Credit and Security Agreement dated as of March 18, 2010 (as amended and as the same may from time to time be further amended or otherwise modified, the “Credit Agreement”);  and 
		

		
			WHEREAS, the Borrower has requested and the Lenders and the Agent have agreed to make certain amendments to the Credit Agreement as hereinafter provided; 
		

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

		
			Section 1.  Amendments.
		

		
			(a)The parties hereto hereby agree that the term “EBITDA” in Section 1.01 of the Credit Agreement is hereby amended, effective as of October 1, 2014, by deleting such definition in its entirety and inserting the following in lieu thereof:
		

		
			‘“EBITDA” shall mean, with respect to Borrower and its consolidated Subsidiaries for any period (without duplication): (A) net income (loss) of such Persons for such period determined on a consolidated basis, exclusive of the following (but only to the extent included in determination of such net income (loss)):  (i) depreciation and amortization, including amortization of intangibles pursuant to Statement of Financial Accounting Standards number 141 and the like; (ii) Interest Expense; (iii) income tax expense; (iv) extraordinary or non-recurring non-cash losses, (v) extraordinary or non-recurring cash losses or charges (excluding any extraordinary or non-recurring cash losses or charges of the type set forth in the immediately following subclauses (vi) or (vii)) in aggregate amount from the Closing Date until March 31, 2015 (after which date no such losses or charges may be added back), not to exceed $4,000,000 and not to exceed in the aggregate $2,000,000 during any period of four consecutive fiscal quarters, (vi) the accrual of non-recurring cash charges in an aggregate amount not to exceed $8,500,000 in connection with Medicare compliance deficiencies, and (vii) an amount up to $2,500,000 in the aggregate for legal fees and other expenses in connection with the charges set forth in the immediately preceding subclause (vi), minus (B) (i) the aggregate amount of cash payments made with respect to the charges set forth in the subclause (A)(vi) above, (ii) extraordinary or non-recurring non-cash gains, and (iii) extraordinary or non-recurring cash gains in excess in the aggregate amount since the Closing Date of $4,000,000 or in excess in the aggregate of $2,000,000 during any period of four 
		

		
			 
		

		
			 
		

		

		

		 

 

		 
		

		
			consecutive fiscal quarters.  If Borrower or any Subsidiary has acquired or disposed of (whether by purchase, merger, or otherwise), any of the assets of, or a majority of the Equity Interests in, a Person or a division, line of business or other business unit of a Person during the relevant period for determining compliance with the financial covenants set forth in Section 6.01, EBITDA for the relevant period shall be calculated for such purposes on a Pro Forma Basis.  Any such pro forma calculations may include operating and other expense reductions and other adjustments for such period resulting from any acquisition that is being given pro forma effect to the extent that such operating and other expense reductions and other adjustments (a) are of the type that would be permitted pursuant to Article Xl of Regulation S‐X or (b) are reasonably consistent with the purposes of Regulation S‐X as determined in good faith by Borrower and agreed to by the Administrative Agent.’
		

		
			Section 2.  Effect of Amendment.  The Agent and the Lenders agree that after giving effect to the terms of this Amendment, the Borrower and its Subsidiaries shall not be deemed, solely by virtue of their failure to comply with Medicare billing, recordkeeping, reporting and related practices prior to March 31, 2015, to be unable make or renew, in compliance with Section 4.02 of the Credit Agreement, any representation and warranty under the paragraphs set forth below (subject to the qualifications and limitations set forth below), so long as in each case, at the time such representation is made or renewed, the Borrower is in compliance with its financial covenants under Section 6.01 of the Credit Agreement and is otherwise in compliance with the terms and conditions of the Credit Agreement:
		

		
			(a)Section 3.01 (e) of the Credit Agreement other than the second to last sentence of such Section which shall be required to be given, but, solely with respect to the effect of Medicare billing, recordkeeping, reporting and related practices prior to March 31, 2015, shall be subject to a “Material Adverse Effect” qualifier;
		

		
			(b)Section 3.01(w) of the Credit Agreement other than the last sentence which shall be required to be given, but, solely with respect to the effect of Medicare billing, recordkeeping, reporting and related practices prior to March 31, 2015, shall be subject to a “Material Adverse Effect” qualifier;
		

		
			(c)Section 3.01(x); and
		

		
			(d)Section 3.01 (y) of the Credit Agreement which shall be required to be given, but, solely with respect to the effect of Medicare billing, recordkeeping, reporting and related practices prior to March 31, 2015, shall be subject to a “Material Adverse Effect” qualifier.
		

		
			Section 3.  Conditions to Effectiveness.  The effectiveness of this Amendment is subject to the satisfaction of the following conditions, in each case, to the satisfaction of the Agent:
		

		
			(a)Amendment.  The Agent shall have received this Amendment duly executed by each party hereto; 
		

		
			(b)No Default.  The Borrower and each other Loan Party shall be in compliance in all material respects with all the terms and provisions of the Credit Agreement and in each other 
		

		

		

		 

		

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			Loan Document on its part to be observed or performed, and immediately after giving effect hereto, no Default shall have occurred and be continuing;
		

		
			(c)Representations and Warranties.  After giving effect to this Amendment, each of the representations and warranties made by any Loan Party set forth in Loan Document shall be true and correct in all material respects on and as of the date of this Amendment with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects on and as of such earlier date); provided that any representation and warranty that is qualified as to “materiality”, “Material Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects on such respective dates;
		

		
			(d)Officers’ Certificate.  The Agent shall have received a certificate, dated the date of the Amendment and signed by the chief executive officer or the chief financial officer of Borrower, confirming compliance with the conditions precedent set forth in this Section 4; and
		

		
			(e)Costs and Expenses.  The Borrower shall have paid to the Agent all costs and expenses (including reasonable attorneys’ fees) required to be paid in connection with this Amendment.
		

		
			Section 4.  Miscellaneous.
		

		
			(a)Representations by each Loan Party.  Each Loan Party hereby repeats and reaffirms all representations and warranties made by such Loan Party to the Lender in the Credit Agreement and the other Loan Documents to which it is a party with the same effect as though made on and as of the date of this Amendment (after giving effect to this Amendment), except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects on and as of such earlier date).  Each Loan Party hereby represents and warrants that this Amendment has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation enforceable in accordance with its terms, except as such enforceability may be limited by (i) bankruptcy, insolvency or other similar laws affecting creditors’ rights generally and (ii) general principles of equity.
		

		
			(b)Reaffirmation of Guaranty by Guarantors.  Each Guarantor hereby reaffirms its continuing obligations to the Lenders and the Agent under Article VII of the Credit Agreement.
		

		
			(c)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.  This Amendment shall be a Loan Document under the Credit Agreement.
		

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

		

		

		 

		

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

		
			(f)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.
		

		
			(g)Effect.  Except as expressly herein modified, the terms and conditions of the Credit Agreement and the other Loan Documents remain in full force and effect.
		

		
			(h)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.
		

		
			 
		

		

		

		 

		

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			(i)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]
		

		
			 
		

		
			 
		

		

		

		 

		

			5

		

 

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

		
			 
		

			
					
						 

					
					
						FIVE STAR QUALITY CARE, INC., as Borrower

				
	
					
						 

					
					
						By:

					
					
						/s/ Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Treasurer and Chief Financial Officer

				

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			[Signature Page – Amendment No. 3]

		

 

		
		

		
			 
		

			
					
						 

					
					
						JFIN BUSINESS CREDIT I LLC,
as Administrative Agent, Collateral Agent and a Lender

				
	
					
						 

					
					
						By:

					
					
						/s/ J. Paul McDonnell

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						J. Paul McDonnell

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Managing Director

				

		
			 
		

			
					
						 

					
					
						CIT FINANCE LLC,

					
						as a Lender

				
	
					
						 

					
					
						By:

					
					
						/s/ William J. Fitzgerald

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						William J. Fitzgerald

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Director

				

		
			 
		

		
			 
		

		

		

		 

		

			[Signature Page – Amendment No. 3]

		

 

		
		

		
			 
		

			
					
						 

					
					
						GUARANTORS:

					
						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-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

					
						FIVE STAR QUALITY CARE-CA II, LLC

					
						FIVE STAR QUALITY CARE TRUST

				
	
					
						 

					
					
						By:

					
					
						/s/ Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Treasurer and Chief Financial Officer

				

		
			 
		

		

		

		 

		

			[Signature Page – Amendment No. 3]

		

 

		
		

		
			 
		

			
					
						 

					
					
						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/ Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Treasurer and Chief Financial Officer

				

		
			 
		

			
					
						 

					
					
						ANNAPOLIS HERITAGE PARTNERS, LLC

					
						COLUMBIA HERITAGE PARTNERS, LLC

					
						ENCINITAS HERITAGE PARTNERS, LLC

					
						FREDERICK HERITAGE PARTNERS, LLC

					
						HAGERSTOWN HERITAGE PARTNERS, LLC

					
						MORNINGSIDE OF CONCORD, LLC

					
						MORNINGSIDE OF GASTONIA, LLC

					
						MORNINGSIDE OF GREENSBORO, LLC

					
						MORNINGSIDE OF RALEIGH, LLC 

					
						MORNINGSIDE OF PARIS, LLC

					
						MORNINGSIDE OF WILLIAMSBURG, 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/ Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Treasurer and Chief Financial Officer

				

		
			 
		

		

		

		 

		

			[Signature Page – Amendment No. 3]

		

 

		
		

		
			 
		

			
					
						 

					
					
						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 – NORTH CAROLINA, 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/ Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Treasurer and Chief Financial Officer

				

		
			 
		

		

		

		 

		

			[Signature Page – Amendment No. 3]

		

 

		
		

		
			 
		

			
					
						 

					
					
						MORNINGSIDE OF FAYETTE, L.P.,

					
						  a Delaware limited partnership

				
	
					
						 

					
					
						By:

					
					
						LIFETRUST AMERICA, INC., its general
partner

				
	
					
						 

					
					
						By:

					
					
						/s/ Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Treasurer and Chief Financial Officer

				

		
			 
		

		
			 
		

			
					
						 

					
					
						FRESNO HERITAGE PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP 

					
						ROSEVILLE HERITAGE PARTNERS, A CALIFORNIA LIMITED PARTNERSHIP 

				
	
					
						 

					
					
						By:

					
					
						SOMERFORD PLACE LLC, its general
partner

				
	
					
						 

					
					
						By:

					
					
						/s/ Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Name:

					
					
						Paul Hoagland

				
	
					
						 

					
					
						 

					
					
						Title:

					
					
						Treasurer and Chief Financial Officer

				

		
			 
		

		 

		

			[Signature Page – Amendment No. 3]fve_Ex10_25

		
			Exhibit 10.25
		

		
			PARTIAL TERMINATION OF AND TWELFTH AMENDMENT TO
AMENDED AND RESTATED MASTER LEASE AGREEMENT
(LEASE NO. 1)
		

		
			THIS PARTIAL TERMINATION OF AND TWELFTH AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT (LEASE NO. 1) (this "Amendment") is made and entered into as of October 31, 2014 by and among each of the parties identified on the signature pages hereof as a landlord (collectively, "Landlord") and each of the parties identified on the signature pages hereof as a tenant  (jointly and severally, "Tenant").
		

		
			W I T N E S S E T H:
		

		
			WHEREAS, pursuant to the terms of that certain Amended and Restated Master Lease Agreement (Lease No. 1), dated as of August 4, 2009, as amended by that certain Partial Termination of and First Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of October 1, 2009, that certain Second Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of November 17, 2009, that certain Third Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of December 10, 2009, that certain Partial Termination of and Fourth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of August 1, 2010, that certain Fifth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of May 1, 2011,  that certain Partial Termination of and Sixth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of June 1, 2011, that certain Seventh Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of June 20, 2011,  that certain Eighth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of August 31, 2012, that certain Partial Termination of and Ninth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of August 1, 2013, that certain Partial Termination of and Tenth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of January 22, 2014, and that certain Partial Termination of and Eleventh Amendment to Amended and Restated Master Lease Agreement (Lease No. 1), dated as of October 1, 2014 (as so amended, "Amended Lease No. 1"),  Landlord leases to Tenant, and Tenant leases from Landlord, the Leased Property (this and other capitalized terms used but not otherwise defined herein having the meanings given such terms in Amended Lease No. 1), all as more particularly described in Amended Lease No. 1; and
		

		
			WHEREAS, simultaneously herewith, SPTMNR Properties Trust is selling a portion of the Leased Property consisting of the real property and related improvements known as (i) La Mesa Healthcare Center and located at 2470 S. Arizona Avenue, Yuma, Arizona, as more particularly described on Exhibit A-1 to Amended Lease No. 1 (the “La Mesa Property”), and (ii) Sunquest Village of Yuma and located at 265 E. 24th Street, Yuma, Arizona, as more particularly described on Exhibit A-2 to Amended Lease No. 1 (the “Sunquest Property” and together with the La Mesa Property, collectively, the "Yuma Properties"); and
		

		
			WHEREAS, in connection with the foregoing,  SPTMNR Properties Trust and the other entities comprising Landlord and Five Star Quality Care Trust and the other entities comprising Tenant wish to amend Amended Lease No. 1 to terminate Amended Lease No. 1 with respect to the Yuma Properties;
		

		

		

		 

 

		
		

		
			NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the mutual receipt and legal sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree that, effective as of the date hereof, Amended Lease No. 1 is hereby amended as follows:
		

		
			1.Partial Termination of Amended Lease No. 1.  Amended Lease No. 1 is terminated with respect to the Yuma Properties and neither Landlord nor Tenant shall have any further rights or liabilities thereunder with respect to the Yuma Properties from and after the date hereof, except for those rights and liabilities which by their terms survive the termination of Amended Lease No. 1.
		

		
			2.Definition of Minimum Rent.  The defined term "Minimum Rent" set forth in Section 1.68 of Amended Lease No. 1 is deleted in its entirety and replaced with the following:
		

		
			"Minimum Rent"  shall mean the sum of Fifty Eight Million Four Hundred Forty-Five Thousand Twenty-Four and 19/100 Dollars ($58,445,024.19) per annum.
		

		
			3.Schedule 1.  Schedule 1 to Amended Lease No. 1 is deleted in its entirety and replaced with Schedule 1 attached hereto.
		

		
			4.Exhibit A.  Exhibit A to Amended Lease No. 1 is amended by (a) deleting the text of Exhibit A-1 and Exhibit A-2 attached thereto in their entirety and replacing each with “Intentionally Deleted”.
		

		
			5.Ratification.  As amended hereby, Amended Lease No. 1 is hereby ratified and confirmed.
		

		
			 
		

		
			[Remainder of page intentionally left blank; signature pages follow]
		

		
			 
		

		

		

		 

 

		
		

		
			IN WITNESS WHEREOF, the parties have executed this Amendment as a sealed instrument as of the date above first written.
		

		
			 
		

			
					
						 

					
					
						 

				
	
					
						 

					
					
						LANDLORD:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						SNH SOMERFORD PROPERTIES TRUST

				
	
					
						 

					
					
						SPTMNR PROPERTIES TRUST

				
	
					
						 

					
					
						SNH/LTA PROPERTIES TRUST

				
	
					
						 

					
					
						SPTIHS PROPERTIES TRUST

				
	
					
						 

					
					
						SNH CHS PROPERTIES TRUST

				
	
					
						 

					
					
						SNH/LTA PROPERTIES GA LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ David J. Hegarty

				
	
					
						 

					
					
						 

					
					
						David J. Hegarty

				
	
					
						 

					
					
						 

					
					
						President of each of the foregoing entities

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						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

				
	
					
						 

					
					
						MSD – COOKEVILLE, LLC

				
	
					
						 

					
					
						MSD – JACKSON, LLC

				
	
					
						 

					
					
						MSD – KNOXVILLE, LLC 

				
	
					
						 

					
					
						MSD – FRANKLIN, LLC

				
	
					
						 

					
					
						MSD – HOPKINSVILLE, LLC

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ David J. Hegarty

				
	
					
						 

					
					
						 

					
					
						David J. Hegarty

				
	
					
						 

					
					
						 

					
					
						President of each of the foregoing entities

				

		
			 
		

		

		

		 

 

		
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						TENANT:

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						FIVE STAR QUALITY CARE TRUST

				
	
					
						 

					
					
						MORNINGSIDE OF KNOXVILLE, LLC

				
	
					
						 

					
					
						MORNINGSIDE OF FRANKLIN, LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						/s/ Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						President of each of the foregoing entities

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						MORNINGSIDE OF MACON, LLC

				
	
					
						 

					
					
						MORNINGSIDE OF SENECA, L.P.

				
	
					
						 

					
					
						MORNINGSIDE OF HOPKINSVILLE, LIMITED PARTNERSHIP

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						LIFETRUST AMERICA, INC., 

				
	
					
						 

					
					
						 

					
					
						a Tennessee corporation, its General Partner/Member (as applicable)

				
	
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						President and Chief Executive Officer

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						MORNINGSIDE OF BEAUFORT, LLC

				
	
					
						 

					
					
						MORNINGSIDE OF CAMDEN, LLC

				
	
					
						 

					
					
						MORNINGSIDE OF HARTSVILLE, LLC

				
	
					
						 

					
					
						MORNINGSIDE OF LEXINGTON, LLC

				
	
					
						 

					
					
						MORNINGSIDE OF ORANGEBURG, LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						MORNINGSIDE OF SOUTH CAROLINA, L.P.,
a Delaware limited partnership, its Sole Member

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						LIFETRUST AMERICA, INC., 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						a Tennessee corporation, its General Partner

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						President and Chief Executive Officer

				

		
			 
		

		
			 
		

		
			[Signature Page: Partial Termination of and Twelfth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1)]
		

		

		

		 

 

		
		

			
					
						

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						MORNINGSIDE OF CULLMAN, LLC

				
	
					
						 

					
					
						MORNINGSIDE OF MADISON, LLC

				
	
					
						 

					
					
						MORNINGSIDE OF SHEFFIELD, LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						MORNINGSIDE OF ALABAMA, L.P., a Delaware limited partnership, its Sole Member

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						LIFETRUST AMERICA, INC.,

				
	
					
						 

					
					
						 

					
					
						 

					
					
						a Tennessee corporation, its General Partner

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						President and Chief Executive Officer

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						MORNINGSIDE OF BOWLING GREEN, LLC

				
	
					
						 

					
					
						MORNINGSIDE OF PADUCAH, LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						MORNINGSIDE OF KENTUCKY,
LIMITED PARTNERSHIP, a Delaware
limited partnership, its Sole Member

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						LIFETRUST AMERICA, INC.,

				
	
					
						 

					
					
						 

					
					
						 

					
					
						a Tennessee corporation, its General Partner

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						President and Chief Executive Officer

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			[Signature Page: Partial Termination of and Twelfth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1)]
		

		

		

		 

 

		
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						MORNINGSIDE OF CONYERS, LLC

				
	
					
						 

					
					
						MORNINGSIDE OF GAINESVILLE, LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						MORNINGSIDE OF GEORGIA, L.P.,
a Delaware limited partnership, its Sole Member

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						LIFETRUST AMERICA, INC.,

				
	
					
						 

					
					
						 

					
					
						 

					
					
						a Tennessee corporation, its General Partner

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						President and Chief Executive Officer

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						MORNINGSIDE OF CLEVELAND, LLC

				
	
					
						 

					
					
						MORNINGSIDE OF COOKEVILLE, LLC

				
	
					
						 

					
					
						MORNINGSIDE OF JACKSON, LLC

				
	
					
						 

					
					
						 

				
	
					
						 

					
					
						By:

					
					
						MORNINGSIDE OF TENNESSEE, LLC,
a Delaware limited liability company, its Sole Member

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						By:

					
					
						/s/ Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						Bruce J. Mackey Jr.

				
	
					
						 

					
					
						 

					
					
						 

					
					
						President and Chief Executive Officer

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			[Signature Page: Partial Termination of and Twelfth Amendment to Amended and Restated Master Lease Agreement (Lease No. 1)]
		

		

		

		 

 

		
		

		
			SCHEDULE 1
		

		
			 
		

		
			PROPERTY-SPECIFIC INFORMATION
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
						Exhibit

					
					
						
Property Address

					
					
						Base Gross Revenues

					
						(Calendar Year)

					
					
						Base Gross Revenues

					
						(Dollar Amount)

					
					
						Commencement
Date

					
					
						Interest Rate

				
	
					
						A-1

					
					
						Intentionally Deleted.

					
					
						N/A

					
					
						N/A

					
					
						N/A

					
					
						N/A

				
	
					
						A-2

					
					
						Intentionally Deleted.

					
					
						N/A

					
					
						N/A

					
					
						N/A

					
					
						N/A

				
	
					
						A-3

					
					
						Somerford Place - Encinitas

					
						1350 South El Camino Real

					
						Encinitas, CA  92024

					
					
						2009

					
					
						$3,092,467

					
					
						03/31/2008

					
					
						8%

				
	
					
						A-4

					
					
						Somerford Place - Fresno

					
						6075 North Marks Avenue

					
						Fresno, CA  93711

					
					
						2009

					
					
						$3,424,896

					
					
						03/31/2008

					
					
						8%

				
	
					
						A-5

					
					
						Lancaster Healthcare Center

					
						1642 West Avenue J

					
						Lancaster, CA  93534

					
					
						2005

					
					
						$6,698,648

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-6

					
					
						Somerford Place – Redlands

					
						1319 Brookside Avenue

					
						Redlands, CA  92373 

					
					
						2009

					
					
						$3,065,084

					
					
						03/31/2008

					
					
						8%

				
	
					
						A-7

					
					
						Somerford Place - Roseville

					
						110 Sterling Court

					
						Roseville, CA  95661

					
					
						2009

					
					
						$2,802,082

					
					
						03/31/2008

					
					
						8%

				
	
					
						A-8

					
					
						Leisure Pointe

					
						1371 Parkside Drive

					
						San Bernardino, CA  92404

					
					
						2007

					
					
						$1,936,220

					
					
						09/01/2006

					
					
						8.25%

				
	
					
						A-9

					
					
						Van Nuys Health Care Center

					
						6835 Hazeltine Street

					
						Van Nuys, CA  91405

					
					
						2005

					
					
						$3,626,353

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-10

					
					
						Mantey Heights 
Rehabilitation & Care Center

					
						2825 Patterson Road

					
						Grand Junction, CO  81506

					
					
						2005

					
					
						$5,564,949

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-11

					
					
						Cherrelyn Healthcare Center

					
						5555 South Elati Street

					
						Littleton, CO  80120

					
					
						2005

					
					
						$12,574,200

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-12

					
					
						Somerford House and Somerford Place – Newark I & II

					
						501 South Harmony Road and

					
						4175 Ogletown Road

					
						Newark, DE  19713

					
					
						2009

					
					
						$6,341,636

					
					
						03/31/2008

					
					
						8%

				
	
					
						A-13

					
					
						Tuscany Villa Of Naples 
(aka Buena Vida)

					
						8901 Tamiami Trail East 

					
						Naples, FL  34113

					
					
						2008

					
					
						$2,157,675

					
					
						09/01/2006

					
					
						8.25%

				
	
					
						A-14

					
					
						Intentionally Deleted.

					
					
						N/A

					
					
						N/A

					
					
						N/A

					
					
						N/A

				
	
					
						A-15

					
					
						Morningside of Columbus

					
						7100 South Stadium Drive

					
						Columbus, GA  31909

					
					
						2006

					
					
						$1,381,462

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-16

					
					
						Morningside of Dalton 

					
						2470 Dug Gap Road

					
						Dalton, GA  30720

					
					
						2006

					
					
						$1,196,357

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-17

					
					
						Morningside of Evans

					
						353 North Belair Road

					
						Evans, GA  30809

					
					
						2006

					
					
						$1,433,421

					
					
						11/19/2004

					
					
						9%

				

		
			 
		

		

		

		 

 

		
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
						Exhibit

					
					
						
Property Address

					
					
						Base Gross Revenues

					
						(Calendar Year)

					
					
						Base Gross Revenues

					
						(Dollar Amount)

					
					
						Commencement
Date

					
					
						Interest Rate

				
	
					
						A-18

					
					
						Vacant Land Adjacent to Morningside of Macon

					
						6191 Peake Road

					
						Macon, GA  31220

					
					
						2006

					
					
						N/A

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-19

					
					
						Intentionally Deleted.

					
					
						N/A

					
					
						N/A

					
					
						N/A

					
					
						N/A

				
	
					
						A-20

					
					
						Union Park Health Services

					
						2401 East 8th Street

					
						Des Moines, IA  50316

					
					
						2005

					
					
						$4,404,678

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-21

					
					
						Park Place

					
						114 East Green Street

					
						Glenwood, IA  51534

					
					
						2005

					
					
						$8,109,512

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-22

					
					
						Prairie Ridge Care & Rehabilitation

					
						608 Prairie Street

					
						Mediapolis, IA  52637

					
					
						2005

					
					
						$3,234,505

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-23

					
					
						Ashwood Place

					
						102 Leonardwood

					
						Frankfort, KY  40601

					
					
						2007

					
					
						$1,769,726

					
					
						09/01/2006

					
					
						8.25%

				
	
					
						A-24

					
					
						Somerford Place - Annapolis

					
						2717 Riva Road

					
						Annapolis, MD  21401

					
					
						2009

					
					
						$3,917,902

					
					
						03/31/2008

					
					
						8%

				
	
					
						A-25

					
					
						Somerford Place - Columbia

					
						8220 Snowden River Parkway

					
						Columbia, MD  21045

					
					
						2009

					
					
						$3,221,426

					
					
						03/31/2008

					
					
						8%

				
	
					
						A-26

					
					
						Somerford Place - Frederick

					
						2100 Whittier Drive

					
						Frederick, MD  21702

					
					
						2009

					
					
						$5,088,592

					
					
						03/31/2008

					
					
						8%

				
	
					
						A-27

					
					
						Somerford Place - Hagerstown

					
						10114 & 10116 Sharpsburg Pike

					
						Hagerstown, MD  21740

					
					
						2009

					
					
						$4,066,761

					
					
						03/31/2008

					
					
						8%

				
	
					
						A-28

					
					
						The Wellstead of Rogers 

					
						20500 and 20600 

					
						South Diamond Lake Road

					
						Rogers, MN  55374

					
					
						2009

					
					
						$12,646,616

					
					
						03/01/2008

					
					
						8%

				
	
					
						A-29

					
					
						Intentionally Deleted.

					
					
						N/A

					
					
						N/A

					
					
						N/A

					
					
						N/A

				
	
					
						A-30

					
					
						Hermitage Gardens of Oxford

					
						1488 Belk Boulevard

					
						Oxford, MS  38655

					
					
						2007

					
					
						$1,816,315

					
					
						10/01/2006

					
					
						8.25%

				
	
					
						A-31

					
					
						Hermitage Gardens of Southaven

					
						108 Clarington Drive

					
						Southaven, MS  38671

					
					
						2007

					
					
						$1,527,068

					
					
						10/01/2006

					
					
						8.25%

				
	
					
						A-32

					
					
						Ashland Care Center

					
						1700 Furnace Street

					
						Ashland, NE  68003

					
					
						2005

					
					
						$4,513,891

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-33

					
					
						Blue Hill Care Center

					
						414 North Wilson Street

					
						Blue Hill, NE  68930

					
					
						2005

					
					
						$2,284,065

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-34

					
					
						Central City Care Center

					
						2720 South 17th Avenue

					
						Central City, NE  68462

					
					
						2005

					
					
						$2,005,732

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-35

					
					
						Intentionally deleted.

					
					
						N/A

					
					
						N/A

					
					
						N/A

					
					
						N/A

				
	
					
						A-36

					
					
						Gretna Community Living Center

					
						700 South Highway 6

					
						Gretna, NE  68028

					
					
						2005

					
					
						$3,380,356

					
					
						12/31/2001

					
					
						10%

				

		
			 
		

		

		

		 

 

		
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
						Exhibit

					
					
						
Property Address

					
					
						Base Gross Revenues

					
						(Calendar Year)

					
					
						Base Gross Revenues

					
						(Dollar Amount)

					
					
						Commencement
Date

					
					
						Interest Rate

				
	
					
						A-37

					
					
						Sutherland Care Center

					
						333 Maple Street

					
						Sutherland, NE  69165

					
					
						2005

					
					
						$2,537,340

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-38

					
					
						Waverly Care Center

					
						11041 North 137th Street

					
						Waverly, NE  68462

					
					
						2005

					
					
						$3,066,135

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-39

					
					
						Intentionally deleted.

					
					
						N/A

					
					
						N/A

					
					
						N/A

					
					
						N/A

				
	
					
						A-40

					
					
						Ridgepointe

					
						5301 Brownsville Road

					
						Pittsburgh, PA  15236

					
					
						2006

					
					
						$1,944,499

					
					
						10/31/2005

					
					
						9%

				
	
					
						A-41

					
					
						Mount Vernon of South Park

					
						1400 Riggs Road

					
						South Park, PA  15129

					
					
						2006

					
					
						$2,718,057

					
					
						10/31/2005

					
					
						9%

				
	
					
						A-42

					
					
						Morningside of Gallatin

					
						1085 Hartsville Pike

					
						Gallatin, TN  37066

					
					
						2006

					
					
						$1,343,801

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-43

					
					
						Walking Horse Meadows

					
						207 Uffelman Drive

					
						Clarksville, TN  37043

					
					
						2007

					
					
						$1,471,410

					
					
						01/01/2007

					
					
						8.25%

				
	
					
						A-44

					
					
						Morningside of Belmont

					
						1710 Magnolia Boulevard

					
						Nashville, TN  37212

					
					
						2006

					
					
						$3,131,648

					
					
						06/03/2005

					
					
						9%

				
	
					
						A-45

					
					
						Dominion Village at Chesapeake

					
						2856 Forehand Drive

					
						Chesapeake, VA  23323

					
					
						2005

					
					
						$1,416,951

					
					
						05/30/2003

					
					
						10%

				
	
					
						A-46

					
					
						Dominion Village at Williamsburg

					
						4132 Longhill Road

					
						Williamsburg, VA  23188

					
					
						2005

					
					
						$1,692,753

					
					
						05/30/2003

					
					
						10%

				
	
					
						A-47

					
					
						Intentionally Omitted

					
					
						N/A

					
					
						N/A

					
					
						N/A

					
					
						N/A

				
	
					
						A-48

					
					
						Brookfield Rehabilitation and Specialty Care (aka Woodland Healthcare Center)

					
						18741 West Bluemound Road

					
						Brookfield, WI  53045

					
					
						2005

					
					
						$13,028,846

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-49

					
					
						Meadowmere – 

					
						Southport Assisted Living

					
						8350 and 8351 Sheridan Road

					
						Kenosha, WI  53143

					
					
						2009

					
					
						$2,170,645

					
					
						01/04/2008

					
					
						8%

				
	
					
						A-50

					
					
						Meadowmere – 

					
						Madison Assisted Living

					
						5601 Burke Road

					
						Madison, WI  53718

					
					
						2009

					
					
						$2,136,654

					
					
						01/04/2008

					
					
						8%

				
	
					
						A-51

					
					
						Sunny Hill Health Care Center

					
						4325 Nakoma Road

					
						Madison, WI  53711

					
					
						2005

					
					
						$3,237,633

					
					
						12/31/2001

					
					
						10%

				
	
					
						A-52

					
					
						Mitchell Manor Senior Living

					
						5301 West Lincoln Avenue

					
						West Allis, WI  53219

					
					
						2009

					
					
						$12,348,104

					
					
						01/04/2008

					
					
						8%

				
	
					
						A-53

					
					
						Laramie Care Center

					
						503 South 18th Street

					
						Laramie, WY  82070

					
					
						2005

					
					
						$4,473,949

					
					
						12/31/2001

					
					
						10%

				

		
			 
		

		

		

		 

 

		
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
						Exhibit

					
					
						
Property Address

					
					
						Base Gross Revenues

					
						(Calendar Year)

					
					
						Base Gross Revenues

					
						(Dollar Amount)

					
					
						Commencement
Date

					
					
						Interest Rate

				
	
					
						A-54

					
					
						Haven in Highland Creek

					
						5920 McChesney Drive

					
						Charlotte, NC  28269

					
						 

					
						Laurels in Highland Creek 
6101 Clark Creek Parkway 

					
						Charlotte, NC  28269

					
					
						2010

					
					
						$6,454,157

					
					
						11/17/2009

					
					
						8.75%

				
	
					
						A-55

					
					
						Haven in the Village 

					
						at Carolina Place

					
						13150 Dorman Road 

					
						Pineville, NC  28134

					
						 

					
						Laurels in the Village

					
						at Carolina Place

					
						13180 Dorman Road 

					
						Pineville, NC  28134

					
					
						2010

					
					
						$7,052,425

					
					
						11/17/2009

					
					
						8.75%

				
	
					
						A-56

					
					
						Haven in the Summit

					
						3 Summit Terrace 

					
						Columbia, SC  29229

					
					
						2010

					
					
						$2,308,737

					
					
						11/17/2009

					
					
						8.75%

				
	
					
						A-57

					
					
						Haven in the Village at Chanticleer 
355 Berkmans Lane 

					
						Greenville, SC  29605

					
					
						2010

					
					
						$2,197,919

					
					
						11/17/2009

					
					
						8.75%

				
	
					
						A-58

					
					
						Intentionally Deleted

					
					
						N/A

					
					
						N/A

					
					
						N/A

					
					
						N/A

				
	
					
						A-59

					
					
						Haven in Stone Oak 
511 Knights Cross Drive

					
						San Antonio, TX  78258

					
						 

					
						Laurels in Stone Oak 

					
						575 Knights Cross Drive San Antonio, TX  78258

					
					
						2010

					
					
						$6,584,027

					
					
						11/17/2009

					
					
						8.75%

				
	
					
						A-60

					
					
						Eastside Gardens
2078 Scenic Highway North
Snellville, GA 30078

					
					
						2010

					
					
						$1,766,628

					
					
						12/10/2009

					
					
						8.75%

				
	
					
						A-61

					
					
						Crimson Pointe

					
						7130 Crimson Ridge Drive

					
						Rockford, IL  61107

					
					
						2012

					
					
						$2,568,827

					
					
						05/01/2011

					
					
						8%

				
	
					
						A-62

					
					
						Talbot Park

					
						6311 Granby Street

					
						Norfolk, VA 23305

					
					
						2012

					
					
						$3,866,871

					
					
						06/20/2011

					
					
						7.5%

				
	
					
						A-63

					
					
						The Landing at Parkwood Village

					
						1720 Parkwood Boulevard

					
						Wilson, NC  27893

					
					
						2012

					
					
						$4,318,990

					
					
						06/20/2011

					
					
						7.5%

				
	
					
						A-64

					
					
						Aspenwood 

					
						14400 Homecrest Road Silver Spring, MD 20906

					
					
						2005

					
					
						$4,470,354

					
					
						10/25/2002

					
					
						10%

				
	
					
						A-65

					
					
						HeartFields at Easton
700 Port Street

					
						Easton, MD 21601

					
					
						2005

					
					
						$2,545,887

					
					
						10/25/2002

					
					
						10%

				
	
					
						A-66

					
					
						Morningside of Macon

					
						6191 Peake Road

					
						Macon, GA  31220

					
					
						2006

					
					
						$1,298,541

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-67

					
					
						Morningside of Beaufort

					
						109 Old Salem Road

					
						Beaufort, SC  29902

					
					
						2006

					
					
						$1,337,453

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-68

					
					
						Morningside of Camden

					
						719 Kershaw Highway

					
						Camden, SC  29020

					
					
						2006

					
					
						$1,595,035

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-69

					
					
						Morningside of Hartsville

					
						1901 West Carolina Avenue

					
						Hartsville, SC  29550

					
					
						2006

					
					
						$1,507,131

					
					
						11/19/2004

					
					
						9%

				

		
			 
		

		

		

		 

 

		
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
						Exhibit

					
					
						
Property Address

					
					
						Base Gross Revenues

					
						(Calendar Year)

					
					
						Base Gross Revenues

					
						(Dollar Amount)

					
					
						Commencement
Date

					
					
						Interest Rate

				
	
					
						A-70

					
					
						Morningside of Lexington

					
						218 Old Chapin Road

					
						Lexington, SC  29072

					
					
						2006

					
					
						$1,638,422

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-71

					
					
						Morningside of Orangeburg

					
						2306 Riverbank Drive

					
						Orangeburg, SC  29118

					
					
						2006

					
					
						$1,129,764

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-72

					
					
						Morningside of Seneca

					
						15855 Wells Highway

					
						Seneca, SC  29678

					
					
						2006

					
					
						$1,684,477

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-73

					
					
						Morningside of Cullman

					
						2021 Dahlke Dr. NE

					
						Cullman, AL  32058

					
					
						2006

					
					
						$1,413,633

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-74

					
					
						Morningside of Madison

					
						49 Hughes Road

					
						Madison, AL  35758

					
					
						2006

					
					
						$1,531,206

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-75

					
					
						Morningside of Sheffield

					
						413 D. D. Cox Boulevard

					
						Sheffield, AL  35660

					
					
						2006

					
					
						$1,495,038

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-76

					
					
						Morningside of Bowling Green

					
						981 Campbell Lane

					
						Bowling Green, KY  42104

					
					
						2006

					
					
						$1,458,781

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-77

					
					
						Morningside of Paducah

					
						1700 Elmdale Road

					
						Paducah, KY  42003

					
					
						2006

					
					
						$2,012,245

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-78

					
					
						Morningside of Conyers

					
						1352 Wellbrook Circle

					
						Conyers, GA  30012

					
					
						2006

					
					
						$1,646,910

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-79

					
					
						Morningside of Gainesville

					
						2435 Limestone Parkway

					
						Gainesville, GA  30501

					
					
						2006

					
					
						$1,453,250

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-80

					
					
						Morningside of Cleveland

					
						2900 Westside Drive, N.W.

					
						Cleveland, TN  37312

					
					
						2006

					
					
						$1,212,846

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-81

					
					
						Morningside of Cookeville

					
						1010 East Spring Street

					
						Cookeville, TN  38501

					
					
						2006

					
					
						$1,513,932

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-82

					
					
						Morningside of Jackson

					
						1200 North Parkway

					
						Jackson, TN  38305

					
					
						2006

					
					
						$1,787,155

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-83

					
					
						Williamsburg Villas

					
						A Morningside Community

					
						3020 Heatherton Way

					
						Knoxville, TN  37920

					
					
						2006

					
					
						$2,728,841

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-84

					
					
						Morningside of Franklin

					
						105 Sunrise Circle

					
						Franklin, TN  37067

					
					
						2006

					
					
						$1,582,509

					
					
						11/19/2004

					
					
						9%

				
	
					
						A-85

					
					
						Morningside of Hopkinsville

					
						4190 Lafayette Road

					
						Hopkinsville, KY  42240

					
					
						2006

					
					
						$1,444,246

					
					
						11/19/2004

					
					
						9%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00242-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00242-of-00352.parquet"}]]