THIRD AMENDMENT TO THE ASSET PURCHASE AGREEMENT
Exhibit
10.39
THIRD AMENDMENT TO THE
ASSET PURCHASE AGREEMENT
ASSET PURCHASE AGREEMENT
THIS THIRD AMENDMENT TO THE ASSET PURCHASE AGREEMENT (“Third Amendment”) is made and entered
into as of December 18, 2002, by and among VILLA HOMES WEST, INC., D/B/A WOODSIDE MANAGEMENT GROUP,
RIDGEWOOD MANOR, LLC, PARKVIEW REAL ESTATE, LTD., WOODSIDE PROPERTIES I, LTD., AND WOODSIDE
PROPERTIES II, LTD. (collectively as “Seller”) and OP MAUMEE, INC., RE MAUMEE, INC., OP XXXXX,
INC., RE XXXXX, INC., OP1 FREMONT, INC., RE1 FREMONT, INC., OP2 FREMONT, INC., RE2 FREMONT, INC.,
OP KENTON, INC. (collectively as “Buyer”).
WITNESSETH:
WHEREAS, Seller and Buyer entered into a certain Asset Purchase Agreement as of August 30,
2002, whereby Buyer agreed to purchase from Seller certain nursing homes owned by Seller and
located throughout Ohio, as specifically set forth in said Asset Purchase Agreement (the
“Agreement”);
WHEREAS, a set of facts had arisen that caused the parties to supplement and amend certain
terms of the Agreement as of September 30, 2002 (the “First Amendment”), and again on October 18,
2002 (the “Second Amendment”); and
WHEREAS, an additional set of facts has arisen that has caused the parties to desire to
supplement and amend certain terms of the Agreement, as set forth in this Third Amendment.
NOW, THEREFORE, for and in consideration of the premises, and the agreements, covenants,
representations and warranties hereinafter set forth, and other good and valuable consideration,
the receipt and adequacy of all of which are forever acknowledged and confessed, the parties
hereto, intending to be legally bound hereby, agree as follows:
1. For the purpose of the Agreement and the two prior Amendments to said Agreement, and as the
context requires, the term, “Seller”, as previously defined, and the term “Real Estate”, as
previously defined, shall include the following two limited liability companies which hold title to
the real property associated with Eaglewood Care Center and Ravenwood Care Center:
(a) Woodside Real Estate I. Ltd.. Woodside Real Estate I, Ltd. is a duly organized
and validly existing Ohio limited liability company, whose sole member is Xxxxxxx X. Xxxxxx.
Xxxxxxxx Real Estate I, Ltd. owns the real property located at 0000 Xxxx Xxxxxxx Xxxxxx, Xxxxx,
Xxxx 00000, upon which property is located Eaglewood Care Center.
(b) Woodside Real Estate II, Ltd.. Woodside Real Estate II, Ltd. is a duly organized
and validly existing Ohio limited liability company, whose sole member is Xxxxxxx X.
Xxxxxx. Xxxxxxxx Real Estate II, Ltd. owns the real property located at 000 X. Xxxxxxxx
Xxxxxx, Xxxxxx, Xxxx 00000, upon which property is located Ravenwood Care Center.
2. Without the necessity of reprinting or interlineating Woodside Real Estate I, Ltd. and
Woodside Real Estate II, Ltd. in the original Asset Purchase Agreement of the two prior Amendments
thereto, execution by the parties hereto shall constitute an acknowledgment by the parties that
where and when appropriate and for any and all purposes, Woodside Real Estate I, Ltd., and Woodside
Real Estate II, Ltd., sometimes referred to as “Seller”, and “Real Property” shall be incorporated
into and be a binding part of the parties’ Agreement.
3. In all other respects, the parties hereto ratify and confirm the remaining terms of the
Agreement.
IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be executed in
multiple originals by their duly authorized officers, all as of the date and year first above
written. This Third Amendment may be executed and delivered in multiple counterparts and each such
counterpart shall be deemed an original, but all such counterparts shall together constitute one
and the same Third Amendment.
BUYER: | OP MAUMEE, INC. |
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By: | /s/ Xxxxxxxx X. Xxxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxxx | |||
Title: | Chairman and Chief Executive Officer | |||
RE MAUMEE, INC. |
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By: | /s/ Xxxxxxxx X. Xxxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxxx | |||
Title: | Chairman and Chief Executive Officer | |||
OP XXXXX, INC. |
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By: | /s/ Xxxxxxxx X. Xxxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxxx | |||
Title: | Chairman and Chief Executive Officer | |||
RE XXXXX, INC. |
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By: | /s/ Xxxxxxxx X. Xxxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxxx | |||
Title: | Chairman and Chief Executive Officer |
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OP1 FREMONT, INC. |
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By: | /s/ Xxxxxxxx X. Xxxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxxx | |||
Title: | Chairman and Chief Executive Officer | |||
RE1 FREMONT, INC. |
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By: | /s/ Xxxxxxxx X. Xxxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxxx | |||
Title: | Chairman and Chief Executive Officer | |||
OP2 FREMONT, INC. |
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By: | /s/ Xxxxxxxx X. Xxxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxxx | |||
Title: | Chairman and Chief Executive Officer | |||
RE2 FREMONT, INC. |
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By: | /s/ Xxxxxxxx X. Xxxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxxx | |||
Title: | Chairman and Chief Executive Officer | |||
OP KENTON, INC. |
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By: | /s/ Xxxxxxxx X. Xxxxxxx | |||
Name: | Xxxxxxxx X. Xxxxxxx | |||
Title: | Chairman and Chief Executive Officer | |||
SELLER: | VILLA HOMES WEST, INC., D/B/A WOODSIDEMANAGEMENT GROUP |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | President | |||
RIDGEWOOD MANOR, LLC |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Member |
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PARKVIEW REAL ESTATE, LTD. |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Member | |||
WOODSIDE PROPERTIES I, LTD. |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Member | |||
WOODSIDE PROPERTIES II, LTD. |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Member | |||
WOODSIDE REAL ESTATE I, LTD. |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Member | |||
WOODSIDE REAL ESTATE II, LTD. |
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By: | /s/ Xxxxxxx X. Xxxxxx | |||
Name: | Xxxxxxx X. Xxxxxx | |||
Title: | Member |
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