SEC Contract Filing

Filing Date: 2016-05-09

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>3
<FILENAME>hcp-20160331ex103e04a32.htm
<DESCRIPTION>EX-10.3
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;">EXHIBIT 10.3</font>

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 <a name="_GoBack"></a><font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">ADDENDUM #4 TO MASTER LEASE AND SECURITY AGREEMENT</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">This ADDENDUM #4 TO MASTER LEASE AND SECURITY AGREEMENT (this </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Addendum</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;)</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;"> is made and entered into as of February 16, 2016, by and between the parties signatory hereto, as lessors (collectively, </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Lessor</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;)</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;"> and HCR III Healthcare, LLC, as lessee (&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Lessee</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;).</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:12pt;">A.&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">Lessor is the current &#x201C;Lessor&#x201D; and Lessee is the current &#x201C;Lessee&#x201D; pursuant to that certain Master Lease and Security Agreement dated as of April 7, 2011 (as the same may have been amended, restated or otherwise modified prior to the date hereof, the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Master Lease</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Master Lease.</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:12pt;">B.&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">Lessee&#x2019;s obligations under the Master Lease are guaranteed by HCR ManorCare, Inc., a Delaware corporation, successor in interest to HCR ManorCare, LLC, a Delaware limited liability company, pursuant to that certain Guaranty of Obligations dated as of April 7, 2011 (as the same may heretofore have been or may hereafter be further amended, modified or reaffirmed from time to time in accordance with the terms thereof, the </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Guaranty</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;).</font>
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 <font style="display:inline;font-family:Times New Roman,Times,serif;color:#000000;font-size:12pt;">C.&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">Pursuant to Section 12 of that certain Tenth Amendment to Master Lease and Security Agreement, dated as of March 29, 2015 and effective as of April 1, 2015 (the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Tenth Amendment</font><font style="dis