Document:

AMENDMENT

AMENDMENT

THIS AMENDMENT (this “Amendment”) is made and entered into as of the 22nd day of January, 2015 (the “Effective Date”) by and between 1310 THIRD STREET, LLC, a Delaware limited liability company (“Seller”), IHS ACQUISITION NO. 140, INC., a Delaware corporation (“Existing Operator”), and GLOBAL HEALTHCARE REIT, INC., a Utah corporation (“Purchaser”).

RECITALS

Purchaser and Seller are parties to that certain Purchase and Sale Agreement dated as of December 16, 2014 (the “Purchase Agreement”); and

Purchaser and Seller desire to amend the Purchase Agreement on the terms hereinafter set forth.

In consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration paid by Purchaser to Seller, the receipt and sufficiency of which are hereby acknowledged, Seller and Purchaser agree as follows:

1.

Capitalized Terms.  Capitalized but undefined terms used in this Amendment shall have the meanings set forth in the Purchase Agreement.

2.

Closing Date.   Section 1.1 of the Purchase Agreement is hereby amended to change the definition of the term Closing Date from “January 31, 2015” to “February 27, 2015”. 

3.

Ratification.  Except to the extent amended hereby, Purchaser and Seller ratify and confirm that all other terms and conditions of the Purchase Agreement remain in full force and effect.

4.

Counterparts.  This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, and all of which shall be taken to be one and the same Amendment, for the same effect as if all parties hereto had signed the same signature page, and a facsimile copy of an executed counterpart shall constitute the same as delivery of the original of such executed counterpart.  Any signature page of this Amendment (whether original or facsimile) may be detached from any counterpart of this Amendment (whether original or facsimile) without impairing the legal effect of any signatures thereof and may be attached to another counterpart of this Amendment (whether original or facsimile) identical in form hereto but having attached to it one or more additional signature pages (whether original or facsimile).

[Signatures on next page]

HNZW/Amendment to Purchase and Sale Agreement _ Corpus Christi.DOC (Corpus Christi)/4232-13

IN WITNESS WHEREOF, the undersigned have caused this Amendment to be duly executed as of the day and year first above written.

SELLER:

1310 THIRD STREET, LLC,

a Delaware limited liability company

By:

__/s/ Brian Reynolds 

Name:

Brian Reynolds

Title:

Manager 

EXISTING OPERATOR:

IHS ACQUISITION NO. 140, INC.,

a Delaware corporation

By:

_/s/ Brian Reynolds 

Name:

Brian Reynolds

Title:

Secretary

PURCHASER:

GLOBAL HEALTHCARE REIT, INC.,

a Utah corporation

By: 

__/s/ Christopher F. Brogdon 

Name:

Christopher F. Brogdon

Title: 

President

        

HNZW/Amendment to Purchase and Sale Agreement _ Corpus Christi.DOC (Corpus Christi)/4232-13AMENDMENT

AMENDMENT

THIS AMENDMENT (this “Amendment”) is made and entered into as of the 22nd day of January, 2015 (the “Effective Date”) by and between 112 RUTHLYNN DRIVE, LLC, a Delaware limited liability company (“Seller”), IHS ACQUISITION NO. 138, INC., a Delaware corporation (“Existing Operator”), and GLOBAL HEALTHCARE REIT, INC., a Utah corporation (“Purchaser”).

RECITALS

Purchaser and Seller are parties to that certain Purchase and Sale Agreement dated as of December 16, 2014 (the “Purchase Agreement”); and

Purchaser and Seller desire to amend the Purchase Agreement on the terms hereinafter set forth.

In consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration paid by Purchaser to Seller, the receipt and sufficiency of which are hereby acknowledged, Seller and Purchaser agree as follows:

1.

Capitalized Terms.  Capitalized but undefined terms used in this Amendment shall have the meanings set forth in the Purchase Agreement.

2.

Closing Date.   Section 1.1 of the Purchase Agreement is hereby amended to change the definition of the term Closing Date from “January 31, 2015” to “February 27, 2015”. 

3.

Ratification.  Except to the extent amended hereby, Purchaser and Seller ratify and confirm that all other terms and conditions of the Purchase Agreement remain in full force and effect.

4.

Counterparts.  This Amendment may be executed in any number of counterparts, each of which shall be deemed an original, and all of which shall be taken to be one and the same Amendment, for the same effect as if all parties hereto had signed the same signature page, and a facsimile copy of an executed counterpart shall constitute the same as delivery of the original of such executed counterpart.  Any signature page of this Amendment (whether original or facsimile) may be detached from any counterpart of this Amendment (whether original or facsimile) without impairing the legal effect of any signatures thereof and may be attached to another counterpart of this Amendment (whether original or facsimile) identical in form hereto but having attached to it one or more additional signature pages (whether original or facsimile).

[Signatures on next page]

HNZW/Amendment to Purchase and Sale Agreement _ Longview.DOC (Longview)/4232-13

IN WITNESS WHEREOF, the undersigned have caused this Amendment to be duly executed as of the day and year first above written.

SELLER:

112 RUTHLYNN DRIVE, LLC,

a Delaware limited liability company

By:

_/s/ Brian Reynolds ___

Name:

Brian Reynolds

Title:

Manager 

EXISTING OPERATOR:

IHS ACQUISITION NO. 138, INC.,

a Delaware corporation

By:

__/s/ Brian Reynolds ___

Name:

Brian Reynolds

Title:

Secretary

 

PURCHASER:

GLOBAL HEALTHCARE REIT, INC.,

a Utah corporation

By: 

___/s/ Christopher F. Brogdon 

Name:

Christopher F. Brogdon

Title: 

President

        

HNZW/Amendment to Purchase and Sale Agreement _ Longview.DOC (Longview)/4232-13ASSIGNMENT OF SALES CONTRACT

ASSIGNMENT AND ASSUMPTION 

FOR VALUE RECEIVED, GLOBAL HEALTHCARE REIT, INC., (“Assignor”), hereby transfers and assigns unto LV NURSING HOME, LLC, a Georgia limited liability company (“Assignee”), all of Assignor’s right, title and interest in and to that certain Purchase and Sale Agreement effective as of December 16, 2014, (the “Agreement”), relating to the Facility (as defined in the Agreement) commonly known as “Heritage at Longview Healthcare Center”, and located at 112 Ruthlynn Drive, Longview, Texas 75605.  Assignee hereby assumes all obligations of Assignors under the Agreement with respect to such Facility.

IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be duly executed and delivered as of the 22 day of January, 2015.

[Signatures on Next Page]

HNZW/489497_2.doc/4232-13 

 

ASSIGNOR:

Global Healthcare REIT, Inc.,

a Utah corporation

By:__ _/s/ Christopher F. Brogdon

      Christopher F. Brogdon, President 

ASSIGNEE:

LV Nursing Home, LLC,

a Georgia limited liability company

By:__ _/s/ Christopher F. Brogdon

      Christopher F. Brogdon, Manager 

HNZW/489497_2.doc/4232-13ASSIGNMENT OF SALES CONTRACT

ASSIGNMENT AND ASSUMPTION 

FOR VALUE RECEIVED, GLOBAL HEALTHCARE REIT, INC., (“Assignor”), hereby transfers and assigns unto EP NURSING HOME, LLC, a Georgia limited liability company (“Assignee”), all of Assignor’s right, title and interest in and to that certain Purchase and Sale Agreement effective as of December 16, 2014, (the “Agreement”), relating to the Facility (as defined in the Agreement) commonly known as “Mountain View Healthcare”, and located at 1600 Murchison Road, El Paso, Texas 79902.  Assignee hereby assumes all obligations of Assignors under the Agreement with respect to such Facility.

IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be duly executed and delivered as of the 22 day of January, 2015.

[Signatures on Next Page]

HNZW/489496_2.doc/4232-13 

 

ASSIGNOR:

Global Healthcare REIT, Inc.,

a Utah corporation

By:_ _/s/ Christopher F. Brogdon

      Christopher F. Brogdon, President 

ASSIGNEE:

EP Nursing Home, LLC,

a Georgia limited liability company

By:_ _/s/ Christopher F. Brogdon

      Christopher F. Brogdon, Manager 

HNZW/489496_2.doc/4232-13ASSIGNMENT OF SALES CONTRACT

ASSIGNMENT AND ASSUMPTION 

FOR VALUE RECEIVED, GLOBAL HEALTHCARE REIT, INC., (“Assignor”), hereby transfers and assigns unto CC NURSING HOME, LLC, a Georgia limited liability company (“Assignee”), all of Assignor’s right, title and interest in and to that certain Purchase and Sale Agreement effective as of December 16, 2014, (the “Agreement”), relating to the Facility (as defined in the Agreement) commonly known as “Harbor View Care Center”, and located at 1310-1314 Third Street, Corpus Christi, Texas 78404.  Assignee hereby assumes all obligations of Assignors under the Agreement with respect to such Facility.

IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be duly executed and delivered as of the 22 day of January, 2015.

[Signatures on Next Page]

HNZW/489491_2.doc/4232-13 

 

ASSIGNOR:

Global Healthcare REIT, Inc.,

a Utah corporation

By:___/s/ Christopher F. Brogdon 

      Christopher F. Brogdon, President 

ASSIGNEE:

CC Nursing Home, LLC,

a Georgia limited liability company

By:__ _/s/ Christopher F. Brogdon

      Christopher F. Brogdon, Manager 

HNZW/489491_2.doc/4232-13ASSIGNMENT OF SALES CONTRACT

ASSIGNMENT AND ASSUMPTION 

FOR VALUE RECEIVED, GLOBAL HEALTHCARE REIT, INC., (“Assignor”), hereby transfers and assigns unto GP NURSING HOME, LLC, a Georgia limited liability company (“Assignee”), all of Assignor’s right, title and interest in and to that certain Purchase and Sale Agreement effective as of December 16, 2014, (the “Agreement”), relating to the Facility (as defined in the Agreement) commonly known as “Grand Prairie Healthcare Center”, and located at 820 Small Street, Grand Prairie, Texas 75050.  Assignee hereby assumes all obligations of Assignors under the Agreement with respect to such Facility.

IN WITNESS WHEREOF, Assignor and Assignee have caused this Assignment to be duly executed and delivered as of the 22 day of January, 2015.

[Signatures on Next Page]

HNZW/489495_2.doc/4232-13 

 

ASSIGNOR:

Global Healthcare REIT, Inc.,

a Utah corporation

By:__ _/s/ Christopher F. Brogdon

      Christopher F. Brogdon, President 

ASSIGNEE:

GP Nursing Home, LLC,

a Georgia limited liability company

By:___ _/s/ Christopher F. Brogdon

      Christopher F. Brogdon, Manager 

HNZW/489495_2.doc/4232-13

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