SEC Contract Filing

Filing Date: 2015-08-10

Document Content:
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<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>d28624dex104.htm
<DESCRIPTION>EXHIBIT 10.4
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<TITLE>Exhibit 10.4</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.4 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GUARANTY OF MASTER LEASE </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>THIS GUARANTY OF MASTER LEASE </B>(this &#147;<B>Guaranty</B>&#148;) is executed as of July&nbsp;30, 2015 (the &#147;Effective Date&#148;)
by <B>PRISTINE SENIOR LIVING, LLC</B>, an Indiana limited liability company (&#147;<B>PSL</B>&#148;), <B>CHRISTOPHER T. COOK</B>, an individual (&#147;<B>CTC</B>&#148;), and <B>STEPHEN C. RYAN</B>, an individual (&#147;<B>SCR</B>&#148;; individually
or collectively as PSL, CTC and SCR, as the context requires, &#147;<B>Guarantor</B>&#148;), in favor of <B>CTR PARTNERSHIP, L.P.</B>, a Delaware limited partnership (&#147;<B>Landlord</B>&#148;). </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>R&nbsp;&nbsp;E&nbsp;&nbsp;C&nbsp;&nbsp;I&nbsp;&nbsp;T&nbsp;&nbsp;A&nbsp;&nbsp;L&nbsp;&nbsp;S</U></B> </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>A. </B>A certain Master Lease of even date herewith (the &#147;<B>Lease</B>&#148;) has been entered into by and between Landlord, on the
one hand, and certain entities identified in the Lease as &#147;Tenant&#148; (collectively, &#147;<B>Tenant</B>&#148;), on the other. All initially-capitalized terms used and not otherwise defined herein shall have the same meanings given such terms
in the Lease. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>B. </B>Guarantor acknowledges and agrees that this Guaranty is given in accordance with the requirements of the Lease
and that Landlord would not have been willing to enter into the Lease unless Guarantor was willing to execute and deliver this Guaranty. </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>AGREEMENT</U></B> </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW,
THEREFORE</B>, in consideration of Landlord entering into the Lease with Tenant, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Guarantor agrees as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>1. <U>Guaranty</U></B>. (A)&nbsp;PSL, jointly and severally, and (B)&nbsp;CTC and SCR, severally but not jointly as more particularly
provided hereinbelow, hereby absolutely and unconditionally guarantee to Landlord the following (collectively, the &#147;<B>Guaranteed Obligations</B>&#148;): </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) payment in full by Tenant of all Rent (including, without limitation, Base Rent and Additional Rent) and other amounts due
under the Lease in the manner and at the time prescribed in the Lease; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) the full, complete and timely performance by
Tenant of all covenants, indemnities and other obligations under the Lease, including, without limitation, any indemnity or other obligations of Tenant that survive the expiration or earlier termination of the Lease; </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c) the accuracy and truthfulness in all material respects of all of the representations and warranties made by Tenant under
the Lease; and </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d) all costs of collection or enforcement incurred by Landlord in exercising any remedies provided for in
the Lease, whether at law or in equity, with respect to the matters set forth in clauses (a)&nbsp;through (c), inclusive, above. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>2.
<U>Performance by Guarantor</U></B>. If any Rent or other amount due under the Lease shall not be paid, or any obligation not performed as required by the Lease, then upon demand by Landlord, Guarantor shall pay, within ten (10)&nbsp;days of demand
by Landlord, such sums and perform such obligations as required by the Lease, without regard to: </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) any defense, set-off or counterclaim which Guarantor or Tenant may have or
assert; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:4%; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b) whether Landlord shall have instituted any suit, action or proceeding or exhausted its remedies or taken any
steps to enforce any rights against Tenant or any other person to collect all or any part of such sums, either pursuant to the provisions of the Lease or at law or in equity (it being understood that this is a guaranty of payment and not collection,
and Guarantor&#146;s liability for such payment shall be primary); or </P> <