NOTE MODIFICATION AGREEMENT
THIS NOTE MODIFICATION AGREEMENT (this "Agreement") is made as of
June 30, 1998, by and between CONNECTICUT SUBACUTE CORPORATION, a Delaware
corporation ("Borrower"), and HRPT PROPERTIES TRUST, formerly known as Health
and Retirement Properties Trust, a Maryland real estate investment trust
("Lender").
W I T N E S S E T H :
WHEREAS, pursuant to an Amended and Restated Working Capital
Promissory Note, dated July 29, 1996 (as amended, the "Note"), made by Borrower
to the order of Lender, Lender made a loan (the "Loan") to Borrower in the
original principal amount of up to Four Million Dollars ($4,000,000); and
WHEREAS, Borrower and Lender now wish to extend the maturity
date of the Loan;
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, Lender and Borrower hereby
agree as follows:
1. The Maturity Date (as such term is defined in the Note) of the
Note is hereby extended to June 30, 1999.
2. As amended hereby, the Note is ratified and confirmed and declared
to be in full force and effect.
IN WITNESS WHEREOF, Borrower and Lender have executed this Agreement
under seal as of the date above first written.
BORROWER:
CONNECTICUT SUBACUTE CORPORATION
By: /s/ Xxxx X. Xxxxxxxxxxx
----------------------------
Its: President
LENDER:
HRPT PROPERTIES TRUST
By: /s/ Xxxxx X. Xxxxxxx
----------------------------
Its: President
