PARTIAL TERMINATION OF AND SEVENTH AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT (LEASE NO. 2)

Exhibit 10.14

PARTIAL TERMINATION OF AND SEVENTH AMENDMENT TO
AMENDED AND RESTATED MASTER LEASE AGREEMENT
(LEASE NO. 2)

THIS PARTIAL TERMINATION OF AND SEVENTH AMENDMENT TO AMENDED AND RESTATED MASTER LEASE AGREEMENT (LEASE NO. 2) (this “Amendment”) is made and entered into as of June 1, 2014, 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, that certain Third Amendment to Amended and Restated Master Lease Agreement (Lease No. 2), dated as of June 20, 2011, that certain Fourth Amendment to Amended and Restated Master Lease Agreement (Lease No. 2), dated as of July 22, 2011, that certain Fifth Amendment to Amended and Restated Master Lease Agreement (Lease No. 2), dated as of August 31, 2012, and that certain Partial Termination of and Sixth Amendment to Amended and Restated Master Lease Agreement (Lease No. 2), dated as of September 19, 2013 (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;

WHEREAS, SPTMNR Properties Trust (“SPTMNR”) and Five Star Quality Care-WI, LLC. have agreed to sell the Properties known as (a) Greentree Health & Rehabilitation Center, located at 00 Xxxxx Xxxx Xxxx, Xxxxxxxxxxxx, Xxxxxxxxx (the “Greentree Property”)and (b) Pine Manor Healthcare Center, located at 0000 Xxxx Xxxx Xxxxxx, Xxxxxxx of Embarrass, Clintonville, Wisconsin (the “Pine Manor Property” and, together with the Greentree Property, collectively, the “Wisconsin Sale Properties”); and

WHEREAS, in connection with the sale of the Wisconsin Sale Properties, Landlord and Tenant wish to amend Amended Lease No. 2 to terminate Amended Lease No. 2 with respect to the Wisconsin Sale Properties effective as of the date hereof.

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 as of the date hereof, Amended Lease No. 2 is hereby amended as follows:

1. Partial Termination of Lease.  Amended Lease No. 2 is terminated with respect to the Wisconsin Sale Properties and neither Landlord nor Tenant shall have any further rights or liabilities thereunder with respect to the Wisconsin Sale Properties from and after the date

hereof, except for those rights and liabilities which by their terms survive the termination of Amended Lease No. 2.

2. 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 Sixty-Two Million Two Hundred Twenty-Six Thousand Two Hundred Ninety-Two and 26/100 Dollars ($62,226,292.26) per annum.

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 deleting each of Exhibit A-46 and Exhibit A-47 attached thereto in their respective entireties and replacing each of them with “Intentionally Deleted.”

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

[Remainder of page intentionally left blank; signature pages follow]

2

IN WITNESS WHEREOF, the parties have caused this Amendment to be duly executed as a sealed instrument as of the date first above 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

5

	TENANT:
	FIVE STAR QUALITY CARE TRUST
	By:	/s/ Xxxxx X. Xxxxxx Xx.
		Xxxxx X. Xxxxxx Xx.
		President
	FS TENANT HOLDING COMPANY TRUST
	By:	/s/ Xxxxx X. Xxxxxx Xx.
		Xxxxx X. Xxxxxx Xx.
		President

6

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		$	2,121,622		08/01/2008		8	%
X-0		Xxxxxxxx Xxxxxxx 0000 Xxxxxxxxxx Xxxx Xxxxxxxxxx, XX 00000		2009		$	2,692,868		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 00 Xxxx Xxxxxxx xx Xxx Xxxxxxx Xxxxxxxx Xxxx, XX 00000		2005		$	8,087,430		12/31/2001		10	%
A-6		Skyline Ridge 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	%
A-18		Xxxxx View Senior Living 0000 Xxxxxxxx Xxxx Xxxxxxxx, XX 00000		2007		$	2,108,378		11/01/2006		8.25	%
X-00		Xxxxxxx Xxxxx 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		$	12,061,814		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		Intentionally deleted.		X/X		X/X			X/X		X/X
A-26		Intentionally deleted.		N/A		N/A			N/A		N/A
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.		N/A		N/A			N/A		N/A
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		$	1,469,683		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		$	1,386,771		02/07/2008		8	%
A-46		Intentionally deleted.		X/X		X/X			X/X		X/X
A-47		Intentionally deleted.		X/X		X/X			X/X		X/X
X-00		XxxxxXxxxxx - Xxx Xxxxx Independent Senior Apartments and Meadowmere - Xxxxxxxx Xxxxx - Oak Creek 000 Xxxx Xxxxxxxxx Xxxxx and 000 Xxxx Xxxxx Xxxx Xxx Xxxxx, XX 00000		2009		$	4,189,440		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	%
A-51		Reserve at Greenbriar 0000 Xxxxxxx Xxxxx Xxxxxxxxxx, Xxxxxxxx		0000		$	2,508,269		06/20/2011		7.5	%
X-00		Xxxxx xx Xx. Xxxxx Xxxx 000 X.X. Xxxxxxxx Xxxxxxxxx Xxxx Xx. Xxxxx, Xxxxxxx		0000		$	2,903,642		07/22/2011		7.5	%
A-53		Forum at Desert Harbor 00000 Xxxxx Xxxxxx Xxxxxx Xxxxx Xxxxxx, XX 00000		2005		$	9,830,918		01/11/2002		10.0	%
A-54		Forum at Tucson 0000 Xxxxx Xxxxxxxx Xxxx. Xxxxxx, XX 00000		2005		$	13,258,998		01/11/2002		10.0	%
X-00		Xxxx Xxxxxx at Coral Springs 0000 Xxxxx Xxxx Xxxx. Xxxxx Xxxxxxx, XX 00000		2005		$	11,229,677		01/11/2002		10.0	%

Exhibit		Property Address		Base Gross Revenues (Calendar Year)		Base Gross Revenues (Dollar Amount)			Commencement Date		Interest Rate
A-56		Gables at Winchester 000 Xxxxxxxxx Xxxxxx Xxxxxxxxxx, XX 00000		2005		$	6,937,852		01/11/2002		10.0	%
A-57		Forum at Memorial Xxxxx 000 Xxxxx Xxxx Xxx Xxxx Xxxxxxx, XX 00000		2005		$	19,734,400		01/11/2002		10.0	%