PURCHASE AND SALE AGREEMENT by and among SELLERS (AS DEFINED HEREIN), DOUGLAS M. CECIL, OLIVER K. CECIL, JR., DOROTHY DEAN CECIL, JENI CECIL FEESER, BETH CREECH CECIL, JOHN BARBER AND TERESA J. CECIL, AS TRUSTEE OF THE TERESA J. CECIL REVOCABLE TRUST...Purchase and Sale Agreement • August 8th, 2024 • National Healthcare Corp • Services-skilled nursing care facilities • Delaware
THIS PURCHASE AND SALE AGREEMENT (this “Agreement”) is entered into and effective as of May 31, 2024 (the “Execution Date”), by and among the entities set forth on Annex A hereto (each, a “Seller”, and collectively, “Sellers”); Douglas M. Cecil (“Doug Cecil”), Oliver K. Cecil, Jr. (“Oliver Cecil”), Dorothy Dean Cecil (“Dean Cecil”), Jeni Cecil Feeser (“Jeni Feeser”), Beth Creech Cecil (“Beth Cecil”), John P. Barber (“John Barber”) and Teresa J. Cecil, as Trustee of the Teresa J. Cecil Revocable Trust U/A dated July 20, 2006, as amended and restated on February 15, 2023 (“Teresa Cecil” and, together with Doug Cecil, Oliver Cecil, Dean Cecil, Jeni Feeser Beth Cecil and John Barber, the “Owners” and each, an “Owner”; Owners and Sellers, collectively, the “Seller Parties”); NHC/OP, L.P., a Delaware limited partnership and/or its designee(s) (“Purchaser”), and Douglas M. Cecil, in his capacity as the Sellers’ Representative (the “Sellers’ Representative”). Sellers, Owners, Purchaser and the
