Notice of Termination of Purchase and Sale Agreement between LV Nursing Home, LLC and 112 Ruthlynn Drive, LLC
LV Nursing Home, LLC, as the purchaser, formally notifies 112 Ruthlynn Drive, LLC, the seller, of its decision to terminate the Purchase and Sale Agreement originally dated December 16, 2014, and amended on January 22, 2015. The agreement involved the sale of property and was previously assigned to LV Nursing Home, LLC by Global Healthcare REIT, Inc. The letter also demands the return of the deposit as stipulated in the agreement. This notice is sent in accordance with the terms set out in Section 3.2 of the Purchase Agreement.
GLOBAL HEALTHCARE REIT, INC.
TWO BUCKHEAD PLAZA
3050 PEACHTREE ROAD NW, SUITE 355
ATLANTA, GEORGIA 30305
January 28, 2015
BY FAX ###-###-####
AND BY FEDERAL EXPRESS
112 Ruthlynn Drive, LLC
1422 Clarkview Road
Baltimore, Maryland 21209
Attn: Brian K. Reynolds
Re:
Purchase and Sale Agreement dated as of December 16, 2014 by and among 112 Ruthlynn Drive, LLC (“Seller”), IHS Acquisition No. 138, Inc. (“Existing Operator”), and Global Healthcare REIT, Inc. (“Global”), as amended by amendment dated January 22, 2015 (“Purchase Agreement”), which Purchase Agreement was assigned by Global to LV Nursing Home, LLC (“Purchaser”) pursuant to Assignment and Assumption dated January 22, 2015
Dear Mr. Reynolds:
Pursuant to Section 3.2 of the Purchase Agreement, this letter shall serve as Purchaser’s notice of termination of the Purchase Agreement and demand for return of the Deposit.
Sincerely,
LV Nursing Home, LLC
By:_ _/s/ Christopher F. Brogdon
Christopher F. Brogdon,
Manager
Global Healthcare REIT, Inc.
By:_ _/s/ Christopher F. Brogdon
Christopher F. Brogdon,
President
cc:
Steven Rosenfeld, Esq. (via fax and Federal Express)
Gregory D. Hughes, Esq. (via fax and Federal Express)
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