LEASE Between BIP SUB I, INC., a Delaware corporation as “Landlord” and EMERITUS CORPORATION, a Washington corporation as “Tenant” Dated: February 25, 2005 To be Effective as of March 1, 2005Lease • May 13th, 2005 • Emeritus Corp\wa\ • Services-nursing & personal care facilities • California
Contract Type FiledMay 13th, 2005 Company Industry JurisdictionThis “Lease” is entered into as of November 15, 2004 to be effective as of November 17, 2004 (the “Effective Date”) between BIP SUB I, INC., a Delaware corporation (“Landlord”), and EMERITUS CORPORATION, a Washington corporation (“Tenant”), for the real property and improvements thereon (the “Facility”) as legally described on Exhibit A and the “Landlord Personal Property” associated therewith as described in Exhibit B or as may be acquired after the Effective Date (collectively, the “Premises”), operating as a licensed assisted living facility (the “Business”). In consideration of the mutual covenants, conditions and agreements set forth herein, Landlord hereby leases the Premises to Tenant for the Term upon the terms and conditions provided below. Certain capitalized terms used in this Lease are defined on Exhibit D.
LEASELease • January 27th, 2005 • Emeritus Corp\wa\ • Services-nursing & personal care facilities • Maryland
Contract Type FiledJanuary 27th, 2005 Company Industry JurisdictionMonthly financial reports concerning the Business at the Facility consisting of: (1) a balance sheet; (2) a reasonably detailed income statement showing, among other things, Gross Revenues; (3) total patient days; (4) occupancy; and (5) payor mix. Thirty (30) days after the end of each calendar month