Common stock offered by us
EX-10.41 42 j1470001exv10w41.htm EXHIBIT 10.41 Exhibit 10.41
Exhibit 10.41
FIFTH AMENDMENT TO THE
ASSET PURCHASE AGREEMENT
BY AND AMONG
VILLA HOMES WEST, INC., D/B/A WOODSIDEMANAGEMENT GROUP,
RIDGEWOOD MANOR, LLC,
PARKVIEW REAL ESTATE, LTD.,
WOODSIDE PROPERTIES I, LTD.
WOODSIDE PROPERTIES II, LTD.
WOODSIDE REAL ESTATE I, LTD.
WOODSIDE REAL ESTATE II, LTD.
RIDGEWOOD MANOR, LLC,
PARKVIEW REAL ESTATE, LTD.,
WOODSIDE PROPERTIES I, LTD.
WOODSIDE PROPERTIES II, LTD.
WOODSIDE REAL ESTATE I, LTD.
WOODSIDE REAL ESTATE II, LTD.
(COLLECTIVELY AS SELLER)
AND
OP MAUMEE, INC.,
RE MAUMEE, INC.,
OP CAREY, INC.,
RE CAREY, INC.,
OP1 FREMONT, INC.,
RE1 FREMONT, INC.,
OP2 FREMONT, INC.,
RE2 FREMONT, INC.,
OP KENTON, INC.
RE MAUMEE, INC.,
OP CAREY, INC.,
RE CAREY, INC.,
OP1 FREMONT, INC.,
RE1 FREMONT, INC.,
OP2 FREMONT, INC.,
RE2 FREMONT, INC.,
OP KENTON, INC.
(COLLECTIVELY AS BUYER)
Dated as of February 27, 2003
FIFTH AMENDMENT TO THE
ASSET PURCHASE AGREEMENT
ASSET PURCHASE AGREEMENT
THIS FIFTH AMENDMENT TO THE ASSET PURCHASE AGREEMENT (FIFTH Amendment) is made and entered into as of February 27, 2003, by and among VILLA HOMES WEST, INC., D/B/A WOODSIDE MANAGEMENT GROUP, RIDGEWOOD MANOR, LLC, PARKVIEW REAL ESTATE, LTD., WOODSIDE PROPERTIES I, LTD., WOODSIDE PROPERTIES II, LTD., WOODSIDE REAL ESTATE I, LTD., AND WOODSIDE REAL ESTATE II, LTD., (collectively as Seller) and OP MAUMEE, INC., RE MAUMEE, INC., OP CAREY, INC., RE CAREY, INC., OP1 FREMONT, INC., RE1 FREMONT, INC., OP2 FREMONT, INC., RE2 FREMONT, INC., OP KENTON, INC. (collectively as Buyer).
WITNESSETH:
WHEREAS, Seller and Buyer entered into a certain Asset Purchase Agreement as of August 30, 2002, whereby Buyer agreed to purchase from Seller certain nursing homes owned by Seller and located throughout Ohio, as specifically set forth in said Asset Purchase Agreement (the Agreement);
WHEREAS, a set of facts had arisen that caused the parties to supplement and amend certain terms of the Agreement, as set forth in the First Amendment as of September 30, 2002 (the First Amendment), again on October 18, 2002 (the Second Amendment), again on December 18, 2002 (the Third Amendment), and again on December 31, 2002 (the Fourth Amendment);
WHEREAS, an additional set of facts has arisen that has caused the parties to desire to supplement and amend certain terms of the Agreement, as set forth in this FIFTH Amendment.
NOW, THEREFORE, for and in consideration of the premises, and the agreements, covenants, representations and warranties hereinafter set forth, and other good and valuable consideration, the receipt and adequacy of all of which are forever acknowledged and confessed, the parties hereto, intending to be legally bound hereby, agree as follows:
1. Over the course of due diligence, the parties have discovered that certain of the Seller names as referenced throughout the Agreement, as amended, are not exactly the same names that are registered with the Ohio Secretary of State. Hence, for all purposes of the Agreement, and all its amendments, the parties agree that the correct registered names of the Sellers for all intents and purposes are as follows: Villa Homes West, Inc., an Ohio for-profit corporation, doing business as Ridgewood Manor, Parkside Manor Assisted Living, and Parkview Care Center; Ridgewood Real Estate, LLC; Woodside Real Estate I, Ltd., an Ohio limited liability company; Woodside Properties I, Ltd., an Ohio limited liability company, d/b/a Eaglewood Care Center; Parkview Real Estate, LLC, an Ohio limited liability company; Woodside Real Estate II, Ltd., an Ohio limited liability company; Woodside Properties II, Ltd., an Ohio limited liability company, doing business as Ravenwood Care Center.
2. The parties acknowledge that there is no record of the existence of Woodside Management Group in the Office of the Secretary of State of Ohio as either a trade or fictitious name.
3. In all other respects, the parties hereby ratify and confirm the remaining terms of the Agreement.
IN WITNESS WHEREOF, the parties hereto have caused this Fifth Amendment to be executed in multiple originals by their duly authorized officers, all as of the date and year first above written. This Fifth Amendment may be executed and delivered in multiple counterparts and each such counterpart shall be deemed an original, but all such counterparts shall together constitute one and the same Fifth Amendment.
BUYER: | OP MAUMEE, INC. | |||
By: | /s/ Lawrence R. Deering | |||
Name: | Lawrence R. Deering | |||
Title: | Chairman and Chief Executive Officer | |||
RE MAUMEE, INC. | ||||
By: | /s/ Lawrence R. Deering | |||
Name: | Lawrence R. Deering | |||
Title: | Chairman and Chief Executive Officer | |||
OP CAREY, INC. | ||||
By: | /s/ Lawrence R. Deering | |||
Name: | Lawrence R. Deering | |||
Title: | Chairman and Chief Executive Officer | |||
RE CAREY, INC. | ||||
By: | /s/ Lawrence R. Deering | |||
Name: | Lawrence R. Deering | |||
Title: | Chairman and Chief Executive Officer | |||
OP1 FREMONT, INC. | ||||
By: | /s/ Lawrence R. Deering | |||
Name: | Lawrence R. Deering | |||
Title: | Chairman and Chief Executive Officer |
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RE1 FREMONT, INC. | ||||
By: | /s/ Lawrence R. Deering | |||
Name: | Lawrence R. Deering | |||
Title: | Chairman and Chief Executive Officer | |||
OP2 FREMONT, INC. | ||||
By: | /s/ Lawrence R. Deering | |||
Name: | Lawrence R. Deering | |||
Title: | Chairman and Chief Executive Officer | |||
RE2 FREMONT, INC. | ||||
By: | /s/ Lawrence R. Deering | |||
Name: | Lawrence R. Deering | |||
Title: | Chairman and Chief Executive Officer | |||
OP KENTON, INC. | ||||
By: | /s/ Lawrence R. Deering | |||
Name: | Lawrence R. Deering | |||
Title: | Chairman and Chief Executive Officer | |||
SELLER: | VILLA HOMES WEST, INC., D/B/A WOODSIDEMANAGEMENT GROUP | |||
By: | /s/ Patrick T. Kriner | |||
Name: | Patrick T. Kriner | |||
Title: | President | |||
RIDGEWOOD REAL ESTATE, LLC | ||||
By: | /s/ Patrick T. Kriner | |||
Name: | Patrick T. Kriner | |||
Title: | Member | |||
PARKVIEW REAL ESTATE, LTD. | ||||
By: | /s/ Patrick T. Kriner | |||
Name: | Patrick T. Kriner | |||
Title: | Member |
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WOODSIDE PROPERTIES I, LTD. | ||||
By: | /s/ Patrick T. Kriner | |||
Name: | Patrick T. Kriner | |||
Title: | Member | |||
WOODSIDE PROPERTIES II, LTD. | ||||
By: | /s/ Patrick T. Kriner | |||
Name: | Patrick T. Kriner | |||
Title: | Member | |||
WOODSIDE REAL ESTATE I, LTD. | ||||
By: | /s/ Patrick T. Kriner | |||
Name: | Patrick T. Kriner | |||
Title: | Member | |||
WOODSIDE REAL ESTATE II, LTD. | ||||
By: | /s/ Patrick T. Kriner | |||
Name: | Patrick T. Kriner | |||
Title: | Member | |||
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