OPERATIONS TRANSFER AGREEMENTOperations Transfer Agreement • April 29th, 2013 • CNL Healthcare Properties, Inc. • Real estate investment trusts • Arkansas
THIS OPERATIONS TRANSFER AGREEMENT (the “OTA Agreement”) is made and entered into on April 23, 2013 (the “Execution Date”), to be effective as of the Closing Date under the Purchase Agreement (as defined herein) (the “Effective Date”), by and among BHC PROPERTIES, LLC, an Arkansas limited liability company (“BHC”), WHC PROPERTIES, LLC, an Arkansas limited liability company (“WHC”), SHC PROPERTIES, LLC, an Arkansas limited liability company (“SHC”), NHC PROPERTIES, LLC, an Arkansas limited liability company (“NHC”), MHC PROPERTIES, LLC, an Arkansas limited liability company (“MHC”), JHC PROPERTIES, LLC, an Arkansas limited liability company (“JHC”), LVRC PROPERTIES, LLC, an Arkansas limited liability company (“LVRC”; BHC, WHC, SHC, NHC, MHC, JHC and LVRC are each individually referred to as a “Seller” and, collectively, as the “Sellers”), BATESVILLE HEALTHCARE CENTER, LLC, an Arkansas limited liability company (“Batesville Operator”); WEST MEMPHIS HEALTHCARE CENTER, LLC, an Arkansas lim
ASSET PURCHASE AGREEMENTAsset Purchase Agreement • April 29th, 2013 • CNL Healthcare Properties, Inc. • Real estate investment trusts • Arkansas
This Asset Purchase Agreement (the “Agreement”) is made and entered into on April 23, 2013 (the “Effective Date”), by and among BHC PROPERTIES, LLC, an Arkansas limited liability company (“BHC”), WHC PROPERTIES, LLC, an Arkansas limited liability company (“WHC”), SHC PROPERTIES, LLC, an Arkansas limited liability company (“SHC”), NHC PROPERTIES, LLC, an Arkansas limited liability company (“NHC”), MHC PROPERTIES, LLC, an Arkansas limited liability company (“MHC”) and JHC PROPERTIES, LLC, an Arkansas limited liability company (“JHC”; JHC, BHC, WHC, SHC, NHC and MHC, are each individually referred to as a “Seller” and, collectively, as the “Sellers”), and CHP PARTNERS, LP, a Delaware limited partnership, and its assigns in accordance with Section 9.01 hereof (“Purchaser”).
