LEASE AGREEMENTLease Agreement • May 15th, 2017 • Adcare Health Systems, Inc • Services-skilled nursing care facilities
THIS LEASE AGREEMENT (this “Lease”) is entered into as of the 22nd day of March, 2017 (the “Execution Date”) by and between MEADOWOOD PROPERTY HOLDINGS, LLC a Georgia limited liability company (“Landlord”) and CRM OF MEADOWOOD, LLC, a Georgia limited liability company (“Tenant”), for the improved real property described on Exhibit “A-1” (the “Premises”), on which Premises is located that certain 85 unit assisted living and memory care facility located at 509 Pineview Avenue, Glencoe, Alabama 35905, including the “Landlord Personal Property” associated therewith described on Exhibit “A-2” (the Landlord Personal Property together with the Premises, being collectively the “Facility”). Certain capitalized terms used in this Lease are defined on Exhibit “B”.
GUARANTYGuaranty • May 15th, 2017 • Adcare Health Systems, Inc • Services-skilled nursing care facilities • Maryland
THIS GUARANTY (this “Guaranty”) is made as of April 6, 2017 by ADCARE HEALTH SYSTEMS, INC., a Georgia Corporation, its successors and assigns (“Guarantor”) to and for the benefit of CONGRESSIONAL BANK, a Maryland chartered commercial bank (“Lender”).
ASSET PURCHASE AGREEMENTAsset Purchase Agreement • May 15th, 2017 • Adcare Health Systems, Inc • Services-skilled nursing care facilities • Alabama
THIS ASSET PURCHASE AGREEMENT (the “Agreement”) is made and entered into as of March 8, 2017 (the “Effective Date”), by and between MEADOWOOD RETIREMENT VILLAGE, LLC, an Alabama limited liability company, and MEADOWOOD PROPERTIES, LLC, an Alabama limited liability company, (hereinafter collectively referred to as “Sellers”), and ADCARE HEALTH SYSTEMS, INC., a Georgia corporation (or its designated Affiliate) (hereinafter referred to as “Purchaser”).
