0001104659-12-032645 Sample Contracts

GUARANTY
Guaranty • May 3rd, 2012 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Ohio
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SECURITY AGREEMENT
Security Agreement • May 3rd, 2012 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Georgia

This Security Agreement (hereinafter called “Agreement”) is between APH&R PROPERTY HOLDINGS, LLC (hereinafter the “Debtor”) and METRO CITY BANK (hereinafter called “Secured Party”).

PREPARED BY AND WHEN RECORDED RETURN TO: Reid H. Harbin, Esq. Harbin & Miller, LLC
Mortgage and Security Agreement • May 3rd, 2012 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Georgia
LOAN AGREEMENT
Loan Agreement • May 3rd, 2012 • Adcare Health Systems Inc • Services-skilled nursing care facilities • Georgia

THIS LOAN AGREEMENT, made and entered into this 30 day of April, 2012, by and between APH&R PROPERTY HOLDINGS, LLC (the “Borrower”) and METRO CITY BANK (“Lender”).

COLLATERAL ASSIGNMENT OF CERTIFICATE OF DEPOSIT
Collateral Assignment of Certificate of Deposit • May 3rd, 2012 • Adcare Health Systems Inc • Services-skilled nursing care facilities

This Collateral Assignment of Certificate of Deposit entered into as of this 30 day of April, 2012, by and between APH&R PROPERTY HOLDINGS, LLC (hereinafter referred to as “Borrower”) and Metro City Bank (hereinafter referred to as “Bank”):

PURCHASE AGREEMENT
Purchase Agreement • May 3rd, 2012 • Adcare Health Systems Inc • Services-skilled nursing care facilities • South Carolina

THIS PURCHASE AGREEMENT (this “Agreement”), dated as of the 27th day of April, 2012 (the “Effective Date”), is made by and between ADCARE PROPERTY HOLDINGS, LLC, an Ohio limited liability company or its designee (“Purchaser”), on the one hand, and 1761 PINEWOOD HOLDINGS, LLC, a Delaware limited liability company (“Seller”).

SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • May 3rd, 2012 • Adcare Health Systems Inc • Services-skilled nursing care facilities

THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT (“Second Amendment”) is made and entered into as of April 30, 2012, by and between GYMAN PROPERTIES, LLC, an Arkansas limited liability company (“Seller’’), and ADCARE PROPERTY HOLDINGS, LLC, an Ohio limited liability company or its permitted assigns (“Purchaser”).

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