MASTER LEASE AGREEMENT (I) Between LTC PROPERTIES, INC. AND TEXAS-LTC LIMITED PARTNERSHIP as Lessor and ASSISTED LIVING CONCEPTS, INC. AND EXTENDICARE HEALTH SERVICES, INC. as Lessee Dated: January 31, 2005Master Lease Agreement • June 7th, 2006 • Assisted Living Concepts Inc • Services-nursing & personal care facilities • New York
THIS MASTER LEASE AGREEMENT (this “Lease”) is made effective as of January 31, 2005, by and between LTC PROPERTIES, INC., a Maryland corporation and TEXAS-LTC LIMITED PARTNERSHIP, a Texas limited partnership (collectively, “Lessor”), on the one hand, and ASSISTED LIVING CONCEPTS, INC. (“ALC”), a Nevada corporation and EXTENDICARE HEALTH SERVICES, INC. (“Extendicare”), a Delaware corporation (collectively, “Lessee”), on the other, subject to the terms, conditions and contingencies set forth below.
