Letter Amendment to Master Lease Agreement between HRES1 Properties Trust and FS Patriot LLC & FS Commonwealth LLC
This letter agreement, dated July 13, 2006, is between HRES1 Properties Trust and FS Patriot LLC and FS Commonwealth LLC. It clarifies that, under their existing Master Lease Agreement, any transfer of ownership or issuance of a new license requires approval from the Massachusetts Department of Public Health. The parties confirm this understanding by signing the letter, ensuring compliance with state regulatory requirements.
Exhibit 10.1
HRES1 Properties Trust
400 Centre Street
Newton, MA 02458
July 13, 2006
FS Patriot LLC
FS Commonwealth LLC
400 Centre Street
Newton, MA 02458
Master Lease Agreement
dated as of March 3, 2006
Ladies and Gentlemen:
Reference is made to the captioned agreement (as amended, the “Lease”). Capitalized terms used and not otherwise defined in this letter are used with the meanings ascribed to such terms in the Lease.
The purpose of this letter is to confirm our understanding and agreement that, notwithstanding anything to the contrary set forth in the Lease, including, but not limited to, Section 5.3, there can be neither a transfer of ownership nor a new license issued without the approval of the Department of Public Health of The Commonwealth of Massachusetts.
Please confirm your agreement with the foregoing by signing this letter below where indicated and returning a signed copy to me.
Very truly yours,
HRES1 PROPERTIES TRUST
By: /s/ David J. Hegarty
|
| David J. Hegarty, President |
ACKNOWLEDGED AND AGREED:
FS PATRIOT LLC
FS COMMONWEALTH LLC
By: /s/ Bruce J. Mackey, Jr.
|
| Bruce J. Mackey, Jr., Treasurer |
