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 Agreement • May 13th, 2005 • Emeritus Corp\wa\ • Services-nursing & personal care facilities • California
This “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.
LEASE AGREEMENT BETWEEN HCRI WILBURN GARDENS PROPERTIES, LLC AND EMERITUS CORPORATION March 31, 2005Lease Agreement • May 13th, 2005 • Emeritus Corp\wa\ • Services-nursing & personal care facilities • Virginia
GUARANTY OF LEASEGuaranty of Lease • May 13th, 2005 • Emeritus Corp\wa\ • Services-nursing & personal care facilities • Texas
THIS GUARANTY OF LEASE (this “Guaranty”) is executed as of March 1, 2005 by EMERITUS CORPORATION, a Washington corporation (“Guarantor”), in favor of QR LUBBOCK TEXAS PROPERTIES, L.P., a Texas limited partnership (“Landlord”).
