Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Sentio Healthcare Properties Inc | v195160_8k.htm |
| EX-10.1 - EX-10.1 - Sentio Healthcare Properties Inc | v195160_ex10-1.htm |
| EX-99.1 - EX-99.1 - Sentio Healthcare Properties Inc | v195160_ex99-1.htm |
| EX-10.3 - EX-10.3 - Sentio Healthcare Properties Inc | v195160_ex10-3.htm |
Exhibit
10.2
FIRST AMENDMENT
TO
PURCHASE AND SALE
AGREEMENT
THIS FIRST AMENDMENT TO PURCHASE AND
SALE AGREEMENT (this “First Amendment”) is made by and between GR IRF I, LP, a
Texas limited partnership (“Seller”), and GLOBAL REHAB DALLAS, LP, a Delaware
limited partnership (“Buyer”). Terms appearing herein with the first
letter thereof capitalized and which are not otherwise defined shall have the
respective meanings set forth in the Contract.
R E C I T A L
S:
A.
WHEREAS,
Seller and Buyer entered into that certain Purchase and Sale Agreement, dated
effective as of July 19, 2010 (the “Contract”), for the purchase and sale of
real property and certain improvements thereon located at 1340 Empire Central
Drive, Dallas, Dallas County, Texas (the “Property”);
B.
WHEREAS,
Seller and Buyer desire to amend the Contract, all as more particularly set
forth herein.
A G R E E M E N T
S:
NOW,
THEREFORE, for Ten Dollars ($10.00) and other good and valuable consideration,
receipt and sufficiency of which are hereby acknowledged, the parties hereto
hereby agree as follows:
1.
Section
3.6 of the Contract is hereby amended to clarify that Buyer’s right to terminate
the Contract pursuant to the terms set forth in Section 3.6(c), and to receive a
return of the Earnest Money Deposit upon such termination, shall be effective
notwithstanding the fact that the Due Diligence Period may have expired prior to
the deadline for Buyer to send its Title Notice or, if applicable, to elect an
option under 3.6(c)(i)-(iii).
2.
Section
3.6(b) of the Contract is hereby amended to extend Buyer’s deadline to send its
Title Notice until July 19, 2010.
3.
Except as
expressly modified herein, all of the terms and conditions of the Contract shall
remain in full force and effect.
4.
This
First Amendment may be executed in multiple counterparts, each of which shall be
deemed an original but all of which, together, shall constitute one and the same
instrument.
[SIGNATURES
ON FOLLOWING PAGE ]
IN
WITNESS WHEREOF, Seller and Buyer have executed this First Amendment as of the
19th day of July, 2010.
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SELLER:
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GR
IRF I, LP,
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a
Texas limited partnership
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By:
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GR
IRF Managers, LLC,
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a
Texas limited liability company,
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its
General Partner
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By:
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/s/ Jason K. Dodd
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|||
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Jason
K. Dodd,
Manager
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||||
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BUYER:
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||||||
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GLOBAL
REHAB DALLAS, LP,
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||||||
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a
Delaware limited partnership
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||||||
|
By:
|
Global
Rehab Dallas GP, LLC, sole
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|||||
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general
partner
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By:
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CGI
Healthcare Operating Partnership, LP,
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sole
member
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By:
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Cornerstone
Healthcare Plus
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|||||
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REIT,
Inc., sole general partner
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By:
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/s/ Terry G. Roussel
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Terry
G. Roussel
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President
and CEO
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