FOURTH AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT (LEASE NO. 2)

Exhibit 10.10

FOURTH AMENDMENT TO
AMENDED AND RESTATED MASTER LEASE AGREEMENT
(LEASE NO. 2)

THIS FOURTH AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT (LEASE NO. 2) (this “Amendment”) is made and entered into as of July 22, 2011, by and among each of the parties identified on the signature pages hereof as a landlord (collectively, “Landlord”) and each of the parties identified on the signature pages hereof as a tenant (jointly and severally, “Tenant”).

W I T N E S S E T H:

WHEREAS, pursuant to the terms of that certain Amended and Restated Master Lease Agreement (Lease No. 2), dated as of August 4, 2009, as amended by that certain Partial Termination of and First Amendment to Amended and Restated Master Lease Agreement (Lease No. 2), dated as of November 1, 2009, that certain Partial Termination of and Second Amendment to Amended and Restated Master Lease Agreement (Lease No. 2), dated as of August 1, 2010, and that certain Third Amendment to Amended and Restated Master Lease Agreement (Lease No. 2), dated as of June 20, 2011 (as so amended, “Amended Lease No. 2”), Landlord leases to Tenant, and Tenant leases from Landlord, the Leased Property (this and other capitalized terms used but not otherwise defined herein having the meanings given such terms in Amended Lease No. 2), all as more particularly described in Amended Lease No. 2; and

WHEREAS, simultaneously herewith, SNH/LTA Properties Trust (“SNH/LTA”) has acquired the senior living facility known as Palms at St. Lucie West located at 000 X.X. Xxxxxxxx Xxxxxxxxx, Xxxx Xx. Xxxxx, Xxxxxxx, as more particularly described on Exhibit A-52 attached hereto (the “Palms at St. Lucie West Property”); and

WHEREAS, SNH/LTA wishes to lease the Palms at St. Lucie West Property to Five Star Quality Care Trust (“FSQC Trust”) and FSQC Trust wishes to lease the Palms at St. Lucie West Property from SNH/LTA; and

WHEREAS, SNH/LTA and the other entities comprising Landlord, and FSQC Trust and the other entities comprising Tenant, wish to amend Amended Lease No. 2 to include the Palms at St. Lucie West Property;

NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration, the mutual receipt and legal sufficiency of which are hereby acknowledged, Landlord and Tenant hereby agree that, effective from and after the date hereof, Amended Lease No. 2 is hereby amended as follows:

1.             Definition of Minimum Rent.  The defined term “Minimum Rent” set forth in Section 1.67 of Amended Lease No. 2 is deleted in its entirety and replaced with the following:

“Minimum Rent”  shall mean the sum of Fifty-Two Million One Hundred Eighty-Five Thousand Four Hundred Sixty-Five and 89/100 Dollars ($52,185,465.89) per annum.

2.             Leased Property.  Section 2.1 of Amended Lease No. 2 is amended by deleting subsection (a) therefrom in its entirety and replacing it with the following:

(a)           those certain tracts, pieces and parcels of land as more particularly described on Exhibits A-1 through A-52 attached hereto and made a part hereof (the “Land”).

3.             Schedule 1.  Schedule 1 to Amended Lease No. 2 is deleted in its entirety and replaced with Schedule 1 attached hereto.

4.             Exhibit A.  Exhibit A to Amended Lease No. 2 is amended by adding Exhibit A-52 attached hereto immediately following Exhibit A-51 to Amended Lease No. 2.

8.             Ratification.  As amended hereby, Amended Lease No. 2 is hereby ratified and confirmed.

2

IN WITNESS WHEREOF, the parties have executed this Amendment as a sealed instrument as of the date above first written.

	LANDLORD:
	SPTIHS PROPERTIES TRUST
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President
	SPTMNR PROPERTIES TRUST
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President
	SNH/LTA PROPERTIES GA LLC
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President
	SNH/LTA PROPERTIES TRUST
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President
	O.F.C. CORPORATION
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President
	SNH CHS PROPERTIES TRUST
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President
	CCC OF KENTUCKY TRUST
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President

3

	LEISURE PARK VENTURE LIMITED PARTNERSHIP
	By:		CCC Leisure Park Corporation,
			its General Partner
			By:	/s/ Xxxxx X. Xxxxxxx
				Xxxxx X. Xxxxxxx
				President
	CCDE SENIOR LIVING LLC
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President
	CCOP SENIOR LIVING LLC
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President
	CCC PUEBLO NORTE TRUST
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President
	CCC RETIREMENT COMMUNITIES II, L.P.
	By:		Crestline Ventures LLC,
			its General Partner
			By:	/s/ Xxxxx X. Xxxxxxx
				Xxxxx X. Xxxxxxx
				President
	CCC INVESTMENTS I, L.L.C.
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President

4

	CCC FINANCING I TRUST
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President
	CCC FINANCING LIMITED, L.P.
	By:		CCC Retirement Trust,
			its General Partner
			By:	/s/ Xxxxx X. Xxxxxxx
				Xxxxx X. Xxxxxxx
				President
	SNH SOMERFORD PROPERTIES TRUST
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President
	HRES1 PROPERTIES TRUST
	By:	/s/ Xxxxx X. Xxxxxxx
		Xxxxx X. Xxxxxxx
		President

5

	TENANT:
	FIVE STAR QUALITY CARE TRUST
	By:	/s/ Xxxxxx X. Xxxxx
		Xxxxxx X. Xxxxx
		Vice President
	FS TENANT HOLDING COMPANY TRUST
	By:	/s/ Xxxxxx X. Xxxxx
		Xxxxxx X. Xxxxx
		Vice President
	FS COMMONWEALTH LLC
	By:	/s/ Xxxxxx X. Xxxxx
		Xxxxxx X. Xxxxx
		Vice President
	FS PATRIOT LLC
	By:	/s/ Xxxxxx X. Xxxxx
		Xxxxxx X. Xxxxx
		Vice President

6

EXHIBIT A-52

Palms at St Lucie West

000 X.X. Xxxxxxxx Xxxxxxxxx

Xxxx Xx. Xxxxx, Xxxxxxx

LEGAL DESCRIPTION

Assisted Living:

Xxx 0, xx XX. XXXXX XXXX XXXX XX. 000, according to the Plat thereof, recorded in Plat Book 39, pages 26 and 26A, of the Public Records of St. Lucie County, Florida

and

Villas:

Condominium Xxxxx 0 xxx 0, Xxxxxxxx 0; Xxxx 0, Xxxxxxxx 2; Xxxxx 0, 0 xxx 0, Xxxxxxxx 0; Xxxxx 0 xxx 0, Xxxxxxxx 0; Xxxxx 0, 0 xxx 0, Xxxxx 5; Xxxxx 0, 0, 0 xxx 0, Xxxxxxxx 6; Xxxxx 0, 0 xxx 0, Xxxxxxxx 0; Xxxxx 0, 0, 0 xxx 0, Xxxxxxxx 8, of Paradise Villas, a Condominium, according to the Declaration of Condominium recorded in Official Record Book 2471, page 1137, and all subsequent amendments thereto, together with its undivided share in the common elements, of the Public Records of St. Lucie County, Florida

and

Independent Living:

Condominium Xxxx 0, Xxxxxxxx 0 of Paradise Villas, a Condominium, according to the Declaration of Condominium recorded in Official Record Book 2471, page 1137, and all subsequent amendments thereto, together with its undivided share in the common elements, of the Public Records of St. Lucie County, Florida.

SCHEDULE 1

PROPERTY-SPECIFIC INFORMATION

Exhibit		Property Address		Base Gross Revenues (Calendar Year)		Base Gross Revenues (Dollar Amount)		Commencement Date		Interest Rate
A-1		Ashton Gables in Riverchase 0000 Xxxxxxx Xxxx Xxxxx Xxxxxxxxxx, XX 00000		2009		N/A		08/01/2008		8%
X-0		Xxxxxxxx Xxxxxxx 0000 Xxxxxxxxxx Xxxx Xxxxxxxxxx, XX 00000		2009		N/A		08/01/2008		8%
A-3		Forum at Pueblo Norte 0000 Xxxx Xxxxxx Xxxxxx Xxxxxxxxxx, XX 00000		2005		$11,470,312		01/11/2002		10%
A-4		La Salette Health and Rehabilitation Center 000 Xxxx Xxxxxx Xxxxxx Xxxxxxxx, XX 00000		2005		$7,726,002		12/31/2001		10%
A-5		Thousand Oaks Health Care Center 93 West Avenida de Los Arboles Xxxxxxxx Xxxx, XX 00000		2005		$8,087,430		12/31/2001		10%
X-0		Xxxxxxx Xxxxx Nursing & Rehabilitation Center 000 Xxxxxxxx Xxxxxx Xxxxx Xxxx, XX 00000		2005		$4,104,100		12/31/2001		10%
X-0		Xxxxxxx Xxxxxxx Care Center 000 Xxxx Xxx Xxxxx Xxxxxx Xxxxxxxx Xxxxxxx, XX 00000		2005		$4,799,252		12/31/2001		10%
A-8		Willow Tree Care Center 0000 Xxxxx Xxxx Xxxxxx Xxxxx, XX 00000		2005		$4,310,982		12/31/2001		10%
A-9		Cedars Healthcare Center 0000 Xxxxxxx Xxxxxx Xxxxxxxx, XX 00000		2005		$6,964,007		12/31/2001		10%
X-00		Xxxxxxxxx 000 Xxxxxx Xxxx Xxxx Xxxxxx, XX 00000		2005		$11,410,121		01/11/2002		10%
X-00		Xxxxxxx Xxxxx 0000 Xxxxx Xxxx Xxxxxxxxxx, XX 00000		2005		$13,446,434		01/11/2002		10%
X-00		Xxxxx Xxxxx Xxxxx 000 Xxxxx Xxxx Xxxxxxxxxx, XX 00000		2005		$4,430,251		01/11/2002		10%
A-13		Xxxxxxx Manor 0000 Xxxxxxx Xxxx Xxxxxxxxxx, XX 00000		2005		$9,333,057		01/11/2002		10%
A-14		Forum at Deer Creek 0000 Xxxx Xxxxx Xxxxxxx Xxxx Xxxx. Xxxxxxxxx Xxxxx, XX 00000		2005		$12,323,581		01/11/2002		10%
A-15		Springwood Court 00000 Xxxxxxx Xxxx Xxxx Xxxxx, XX 00000		2005		$2,577,612		01/11/2002		10%
A-16		Fountainview 000 Xxxxxxxxx Xxxxxx Xxxxx Xxxx Xxxx Xxxxx, XX 00000		2005		$7,920,202		01/11/2002		10%

Exhibit		Property Address		Base Gross Revenues (Calendar Year)		Base Gross Revenues (Dollar Amount)		Commencement Date		Interest Rate
A-17		Morningside of Athens 0000 Xxxxx Xxxxxx Xxxxx Xxxxxx, XX 00000		2006		$1,560,026		11/19/2004		9%
X-00		Xxxxx View Senior Living 0000 Xxxxxxxx Xxxx Xxxxxxxx, XX 00000		2007		$2,108,378		11/01/2006		8.25%
A-19		Pacific Place 00000 Xxxx Xxxxxx Xxxxxxx Xxxxxxxx, XX 00000		2005		$848,447		12/31/2001		10%
A-20		West Bridge Care & Rehabilitation 0000 Xxxx Xxxxxx Xxxxxx Xxxxxxxxx, XX 00000		2005		$3,157,928		12/31/2001		10%
A-21		Meadowood Retirement Community 0000 Xxxxxxxx Xxxxx Xxxxxxxxxxx, XX 00000		2009		N/A		11/01/2008		8%
A-22		Woodhaven Care Center 000 Xxxx 0xx Xxxxxx Xxxxxxxxx, XX 00000		2005		$2,704,674		12/31/2001		10%
A-23		Lafayette at Country Place 000 Xxxxx Xxxxxxx Xxxx Xxxxxxxxx, XX 00000		2005		$4,928,052		01/11/2002		10%
A-24		Lexington Country Place 000 Xxxxx Xxxxxxx Xxxx Xxxxxxxxx, XX 00000		2005		$8,893,947		01/11/2002		10%
A-25		Braintree Rehabilitation Hospital 000 Xxxx Xxxxxx Xxxxxxxxx, XX 00000		N/A		N/A		10/01/2006		9%
A-26		New England Rehabilitation Hospital 0 Xxxxxxxxxxxxxx Xxx Xxxxxx, XX 00000		N/A		N/A		10/01/2006		9%
A-27		HeartFields at Bowie 0000 Xxxxxx Xxxxx Xxxx Xxxxx, XX 00000		2005		$2,436,102		10/25/2002		10%
A-28		HeartFields at Xxxxxxxxx 0000 Xxxxxx Xxxxx Xxxxxxxxx, XX 00000		2005		$2,173,971		10/25/2002		10%
A-29		Intentionally deleted.		X/X		X/X		X/X		X/X
A-30		Intentionally deleted.		X/X		X/X		X/X		X/X
A-31		Morys Haven 0000 00xx Xxxxxx Xxxxxxxx, XX 00000		2005		$2,440,714		12/31/2001		10%
A-32		Intentionally deleted.		N/A		N/A		N/A		N/A
A-33		Wedgewood Care Center 000 Xxxxxxx Xxxxx Xxxxx Xxxxxx, XX 00000		2005		$4,000,565		12/31/2001		10%
A-34		Intentionally deleted.		X/X		X/X		X/X		X/X
X-00		Xxxxxxxxx Xxxxxxxxxx Center 0000 Xxxx Xxxxx Xxxxxx Xxxxxxx, XX 00000		2005		$2,284,407		12/31/2001		10%
A-36		Utica Community Care Center 0000 Xxxxxxxxxx Xxxxxx Xxxxx, XX 00000		2005		$1,950,325		12/31/2001		10%
X-00		Xxxxxxx Xxxx 0000 Xxxxx 00 Xxxxxxxx, XX 00000		2005		$14,273,446		01/07/2002		10%

Exhibit		Property Address		Base Gross Revenues (Calendar Year)		Base Gross Revenues (Dollar Amount)		Commencement Date		Interest Rate
A-38		Franciscan Manor 00 Xxxxxxxxxx Xxxx Xxxxxxxxx Xxxxxxxx Xxxxxx Xxxxx, XX 00000		2006		$4,151,818		10/31/2005		9%
X-00		Xxxxx Xxxxxx of Xxxxxxxxx 000 Xxxxxxxxx Xxxxx Xxxxxxxxx, XX 00000		2006		$2,332,574		10/31/2005		9%
A-40		Overlook Green 0000 Xxxxxxxxxxx Xxxxx Xxxxxxxxx, XX 00000		2006		$3,878,300		10/31/2005		9%
X-00		Xxxxxx Xxxxx Xxxxx 0000 Xxxxxxx 00 Xxxxx Xxxxxx Xxxxx, XX 00000		2005		$6,138,714		01/11/2002		10%
A-42		Morningside of Xxxxxxxx 0000 XxXxxx Xxxx Xxxxxxxx, XX 00000		2006		$1,381,775		11/19/2004		9%
X-00		Xxxxxxxx Xxxxx at Boerne 000 Xxxxxxxxxx Xxxxx Xxxxxx, XX 00000		2009		N/A		02/07/2008		8%
A-44		Forum at Park Lane 0000 Xxxx Xxxx Xxxxxx, XX 00000		2005		$13,620,931		01/11/2002		10%
X-00		Xxxxxxxx Xxxxx at Fredericksburg 00 Xxxxxxxxx Xxxx Xxxxxxxxxxxxxx, XX 00000		2009		N/A		02/07/2008		8%
X-00		Xxxxxxxxx Xxxxxx & Xxxxxxxxxxxxxx Xxxxxx 00 Xxxxxxxxx Xxxx Xxxxxxxxxxxx, XX 00000		2005		$3,038,761		12/31/2001		10%
X-00		Xxxx Xxxxx Xxxxxx Xxxx Xxxxxx Xxxxxxx xx Xxxxxxxxx 0000 Xxxx Xxxx Xxxxxx Xxxxxxxxxxxx, XX 00000		2005		$4,337,113		12/31/2001		10%
A-48		ManorPointe - Oak Creek Independent Senior Apartments and Meadowmere - Xxxxxxxx Xxxxx - Oak Creek 000 Xxxx Xxxxxxxxx Xxxxx and 000 Xxxx Xxxxx Xxxx Xxx Xxxxx, XX 00000		2009		N/A		01/04/2008		8%
X-00		Xxxxx Xxxxx Xxxx Healthcare Center 000 Xxxxxxxxx Xxxxx Xxxxxxxx, XX 00000		2005		$9,211,765		12/31/2001		10%
A-50		The Virginia Health & Rehabilitation Center 0000 Xxxxxxxxx Xxxxxx Xxxxxxxx, XX 00000		2005		$6,128,045		12/31/2001		10%
X-00		0000 Xxxxxxx Xxxxx Xxxxxxxxxx, Xxxxxxxx		0000		N/A		06/20/2011		7.5%
X-00		Xxxxx xx Xx. Xxxxx Xxxx 000 X.X. Cashmere Boulevard Port St. Lucie, Florida		2012		N/A		07/22/2011		7.5%