SEC Contract Filing

Filing Date: 2016-11-17

Document Content:
<DOCUMENT>
<TYPE>EX-10.12
<SEQUENCE>13
<FILENAME>exh1012-lafayette4thamendt.htm
<DESCRIPTION>EXHIBIT 10.12
<TEXT>
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<div><a name="sBE18BBE8E51103568E2A070E03CBC286"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.12</font></div></div><div><br></div><div style="line-height:120%;padding-top:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">FOURTH AMENDMENT TO ASSET PURCHASE AGREEMENT</font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">THIS FOURTH AMENDMENT TO ASSET PURCHASE AGREEMENT (this &#8220;Amendment&#8221;) is entered into as of October 17, 2016 by and between HANNIE DEVELOPMENT, INC., a Louisiana business corporation (&#8220;Seller&#8221;), and SENIORS INVESTMENTS II, LLC a Delaware limited liability company (&#8220;Buyer&#8221;). </font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, Seller and Buyer previously entered into that certain Asset Purchase Agreement (the &#8220;Original Agreement&#8221;, and as amended from time to time, the &#8220;Agreement&#8221;) dated as of March 31, 2016 with respect to certain premises commonly known as &#8220;Rosewood Retirement &amp; Assisted Living&#8221; located in the City of Lafayette, Louisiana, more particularly described on </font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Schedule 3.1(a)</font><font style="font-family:inherit;font-size:10pt;">&#32;to the Agreement. </font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">WHEREAS, the parties desire to make certain modifications to the Agreement as are more particularly described herein.</font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: </font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">1.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Defined Terms</font><font style="font-family:inherit;font-size:10pt;">. All capitalized terms used and not defined herein shall have the meanings given to them in the Agreement. </font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">2.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Extension of the Study Period</font><font style="font-family:inherit;font-size:10pt;">. The definition of &#8220;Study Period&#8221; (as defined in Section 12.1 of the Agreement) shall be amended in its entirety to mean &#8220;the period beginning on the Effective Date and ending at 11:59 PM PST on November 11, 2016&#8221; such that the Study Period shall expire at 11:59 PM PST on November 11, 2016. All references in the Agreement to the &#8220;expiration of the Study Period&#8221; shall be deemed to occur at 11:59 PM PST on November 11, 2016.</font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">3.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Closing Date</font><font style="font-family:inherit;font-size:10pt;">. Clause (A) of the third sentence of Section 5.1 of the Agreement is hereby deleted and replaced in its entirety with the following: &#8220;on November 30, 2016&#8221;.</font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">4.&#160;&#160;&#160;&#160;</font><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Other Portfolio Closing Condition</font><font style="font-family:inherit;font-size:10pt;">. Section 13.1(s) of the Agreement is hereby deleted in its entirety.</font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">5.&#160;&#160;&#160;&#160;Except as expressly modified hereby, the Agreement is hereby ratified and shall remain in full force and effect, enforceable in accordance with its terms.&#8221;</font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">6.&#160;&#160;&#160;&#160;This Amendment may be executed in multiple counterparts, which taken together shall constitute one and the same instrument, and executed counterparts may be delivered via facsimile or e-mail, the parties agreeing to be bound by such delivery. </font></div><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">7.&#160;&#160;&#160;&#160;In the event of any inconsistency between this Amendment and the Agreement, the terms of this Amendment shall govern.</font></div><div><br></div><div><div style="line-height:120%;font-siz