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EX-2.1 - EX-2.1 - SUNRISE SENIOR LIVING INCw76123exv2w1.htm
EX-2.3 - EX-2.3 - SUNRISE SENIOR LIVING INCw76123exv2w3.htm
EX-10.5 - EX-10.5 - SUNRISE SENIOR LIVING INCw76123exv10w5.htm
EX-31.2 - EX-31.2 - SUNRISE SENIOR LIVING INCw76123exv31w2.htm
EX-10.2 - EX-10.2 - SUNRISE SENIOR LIVING INCw76123exv10w2.htm
EX-10.6 - EX-10.6 - SUNRISE SENIOR LIVING INCw76123exv10w6.htm
EX-10.9 - EX-10.9 - SUNRISE SENIOR LIVING INCw76123exv10w9.htm
EX-31.1 - EX-31.1 - SUNRISE SENIOR LIVING INCw76123exv31w1.htm
EX-10.4 - EX-10.4 - SUNRISE SENIOR LIVING INCw76123exv10w4.htm
EX-10.7 - EX-10.7 - SUNRISE SENIOR LIVING INCw76123exv10w7.htm
EX-10.3 - EX-10.3 - SUNRISE SENIOR LIVING INCw76123exv10w3.htm
EX-32.2 - EX-32.2 - SUNRISE SENIOR LIVING INCw76123exv32w2.htm
EX-10.1 - EX-10.1 - SUNRISE SENIOR LIVING INCw76123exv10w1.htm
EX-10.8 - EX-10.8 - SUNRISE SENIOR LIVING INCw76123exv10w8.htm
EX-32.1 - EX-32.1 - SUNRISE SENIOR LIVING INCw76123exv32w1.htm
EX-10.14 - EX-10.14 - SUNRISE SENIOR LIVING INCw76123exv10w14.htm
EX-10.13 - EX-10.13 - SUNRISE SENIOR LIVING INCw76123exv10w13.htm
EX-10.31 - EX-10.31 - SUNRISE SENIOR LIVING INCw76123exv10w31.htm
EX-10.19 - EX-10.19 - SUNRISE SENIOR LIVING INCw76123exv10w19.htm
EX-10.20 - EX-10.20 - SUNRISE SENIOR LIVING INCw76123exv10w20.htm
EX-10.16 - EX-10.16 - SUNRISE SENIOR LIVING INCw76123exv10w16.htm
EX-10.17 - EX-10.17 - SUNRISE SENIOR LIVING INCw76123exv10w17.htm
EX-10.29 - EX-10.29 - SUNRISE SENIOR LIVING INCw76123exv10w29.htm
EX-10.28 - EX-10.28 - SUNRISE SENIOR LIVING INCw76123exv10w28.htm
EX-10.32 - EX-10.32 - SUNRISE SENIOR LIVING INCw76123exv10w32.htm
EX-10.23 - EX-10.23 - SUNRISE SENIOR LIVING INCw76123exv10w23.htm
EX-10.22 - EX-10.22 - SUNRISE SENIOR LIVING INCw76123exv10w22.htm
EX-10.21 - EX-10.21 - SUNRISE SENIOR LIVING INCw76123exv10w21.htm
EX-10.15 - EX-10.15 - SUNRISE SENIOR LIVING INCw76123exv10w15.htm
EX-10.12 - EX-10.12 - SUNRISE SENIOR LIVING INCw76123exv10w12.htm
EX-10.18 - EX-10.18 - SUNRISE SENIOR LIVING INCw76123exv10w18.htm
EX-10.11 - EX-10.11 - SUNRISE SENIOR LIVING INCw76123exv10w11.htm
EX-10.10 - EX-10.10 - SUNRISE SENIOR LIVING INCw76123exv10w10.htm
10-Q - 10-Q - SUNRISE SENIOR LIVING INCw76123e10vq.htm
EX-10.30 - EX-10.30 - SUNRISE SENIOR LIVING INCw76123exv10w30.htm
         
Exhibit 2.2
FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT
     THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT (“First Amendment”) is dated as of this 7th day of October, 2009, and is made by and between each of the parties named on Exhibit “A” hereto (each, individually, “Seller” and, collectively, “Sellers”), and BLC Acquisitions, Inc., a Delaware corporation (“Purchaser”).
     WHEREAS, Sellers and Purchaser are parties to that certain Purchase and Sale Agreement dated as of the date hereof (the “Purchase and Sale Agreement”);
     NOW, THEREFORE, for valuable consideration, including the promises, covenants, representations and warranties hereinafter set forth, the receipt and adequacy of which are hereby acknowledged, the parties, intending to be legally and equitably bound, agree as follows:
     1. Sellers will indemnify Purchaser for any liabilities or obligations relating to the Properties, or arising from any Seller’s operations, and accruing prior to the Closing, whether or not disclosed, subject to the Limitations on Purchaser’s Post-Closing Claims set forth in Section 9.3 of the Purchase and Sale Agreement.
     2. The Earnest Money Deposit shall be delivered to Escrow Agent by wire transfer of immediately available federal funds no later than 2 p.m. New York time on October 8, 2009 in accordance with the wire transfer instructions set forth on Exhibit B attached hereto. The Earnest Money Deposit is absolutely non-refundable to the Purchaser in all events and circumstances, except that the Earnest Money Deposit shall be promptly returned to the Purchaser if (a) (i) the requisite lenders under the Sunrise Senior Living, Inc. line of credit agented by Bank of America (the “LOC”) do not irrevocably approve the transactions contemplated by the Purchase and Sale Agreement by 5 p.m. New York time on October 19, 2009 or (ii) the condition set forth in Section 8.1(c) fails because such approvals are no longer in force and effect any time prior to the Closing, (b) all of the conditions to Seller’s obligation to close are met and Seller nonetheless refuses to close, or (c) the Board of Directors of Sunrise Senior Living, Inc. shall not ratify Sellers’ execution of this First Amendment and the Purchase and Sale Agreement prior to 1 p.m. New York time on October 8, 2009.
     3. Purchaser shall have the right to terminate the Purchase Agreement if Sellers fail to receive the irrevocable approvals to the transactions contemplated by the Purchase and Sale Agreement from the requisite lenders under the LOC by 5 p.m. New York time on October 19, 2009.
     4. Section 8.1(c) of the Purchase Agreement shall be deleted and the following inserted in lieu thereof: “Sellers have received the irrevocable approvals to the transactions contemplated by the Purchase and Sale Agreement from the requisite lenders under the LOC and such approvals shall be and remain in full force and effect.”

 


 

     5. Sellers will give Purchaser a credit against the Purchase Price equal to 50% of the accrual for sick time reflected in Sellers’ respective financial statements as of the Closing Date, capped at $150,000.
     6. The governing law of the Purchase and Sale Agreement and this First Amendment is Delaware law.
     7. If Seller defaults under the Purchase and Sale Agreement for any reason other than Purchaser’s default, and Purchaser elects, or is deemed to elect, to terminate the Purchase and Sale Agreement, Seller shall reimburse Purchaser’s documented out-of-pocket costs and expenses up to $500,000.
     8. The foregoing provisions of this First Amendment supersede any provisions in the Purchase and Sale Agreement that are inconsistent with the terms of this First Amendment, and the Purchase and Sale Agreement will be deemed modified hereby as necessary to give full effect to the provisions of this First Amendment. Except as modified by this First Amendment, the Purchase and Sale Agreement remains in full force and effect in accordance with its terms.
     9. Sellers and Purchaser agree to negotiate in good faith, promptly following execution of this First Amendment and receipt of the Earnest Money Deposit, (i) to modify the Purchase and Sale Agreement to be consistent with this First Amendment and to consider clarifications to the Purchase and Sale Agreement that may be requested by Purchaser provided that no such clarifications shall alter the economic substance of the contemplated transaction and (ii) to update and finalize the exhibits and schedules to the Purchase and Sale Agreement. If Purchaser and Sellers are unable to agree to any such modification or clarification of the terms of the Purchase and Sale Agreement, this First Amendment and the Purchase and Sale Agreement shall remain in full force and effect.
     10. Sellers’ execution of this First Amendment and the Purchase and Sale Agreement is subject to ratification by the Board of Directors of Sunrise Senior Living, Inc. prior to 1 p.m. New York time on October 8, 2009. If Sellers do not confirm to Purchaser that Board ratification has been obtained by 1 p.m. New York time on October 8, 2009, this First Amendment and the Purchase and Sale Agreement shall be deemed to be void ab initio and of no force and effect.
[Signatures appear on following page.]

 


 

     IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to be executed as of the 7th day of October, 2009.
         
  PURCHASER:


BLC ACQUISITIONS, INC.
 
 
  By:   /s/ T. Andrew Smith    
    Name:   T. Andrew Smith   
    Title:   Executive Vice President   
 
SELLERS:
SUNRISE OF SANTA ROSA
         
Sunrise Assisted Living Limited Partnership VIII
 
   
By:   Sunrise Senior Living Investments, Inc.,      
  its general partner     
       
 
     
By:   /s/ Gregory Neeb    
  Name:   Gregory Neeb     
  Title:   President     
 
SUNRISE OF COLORADO SPRINGS


Karrington of Colorado Springs Ltd.
 
 
By:   Karrington Operating Company, Inc.,      
  its sole member     
       
 
     
By:   /s/ David Haddock      
  Name:   David Haddock     
  Title:   Vice President & Secretary     
 
[Signatures continue on next page.]

 


 

         
SUNRISE OF WEST HARTFORD


Sunrise West Hartford Assisted Living, LLC
 
   
By:   Sunrise Senior Living Investments, Inc.,      
  its sole member     
       
 
     
By:   /s/ Gregory Neeb      
  Name:   Gregory Neeb     
  Title:   President     
 
SUNRISE OF WILTON


Sunrise Wilton Assisted Living, L.L.C.
 
   
By:   Sunrise Development, Inc.,      
  its sole member     
       
 
     
By:   /s/ Gregory Neeb      
  Name:   Gregory Neeb     
  Title:   President     
 
SUNRISE OF AUGUSTA


Sunrise Augusta Assisted Living Limited Partnership
 
   
By:   Sunrise Senior Living Investments, Inc.,      
  its general partner     
       
 
     
By:   /s/ Gregory Neeb      
  Name:   Gregory Neeb     
  Title:   President     
 
SUNRISE OF CARMEL


Sunrise Carmel Assisted Living, L.L.C.
 
   
By:   Sunrise Senior Living Investments, Inc.,      
  its sole member     
       
 
     
By:   /s/ Gregory Neeb      
  Name:   Gregory Neeb     
  Title:   President     
 
[Signatures continue on next page.]

 


 

         
  SUNRISE AT FALL CREEK


Sunrise Fall Creek Assisted Living, L.L.C.
 
 
  By:   Sunrise Senior Living Investments, Inc.,    
    its sole member   
       
 
     
  By:   /s/ Gregory Neeb    
    Name:   Gregory Neeb   
    Title:   President   
 
  SUNRISE OF FORT WAYNE


Sunrise Fort Wayne Assisted Living, L.L.C.
 
 
  By:   Sunrise Senior Living Investments, Inc.,    
    its sole member   
       
 
     
  By:   /s/ Gregory Neeb    
    Name:   Gregory Neeb   
    Title:   President   
 
  SUNRISE AT WILLOW LAKE


Sunrise Willow Lake Assisted Living, L.L.C.
 
 
  By:   Sunrise Senior Living Investments, Inc.,    
    its sole member   
       
 
     
  By:   /s/ Gregory Neeb    
    Name:   Gregory Neeb   
    Title:   President   
 
  SUNRISE OF ANN ARBOR


Sunrise Ann Arbor Assisted Living, L.L.C.
 
 
  By:   Sunrise Senior Living Investments, Inc.,    
    its sole member   
       
 
     
  By:   /s/ Gregory Neeb    
    Name:   Gregory Neeb   
    Title:   President   
 
[Signatures continue on next page.]

 


 

         
SUNRISE OF ALBUQUERQUE


Karrington of Albuquerque Ltd.
 
 
By:   Karrington Operating Company, Inc.,    
  its sole member   
       
 
     
By:   /s/ David Haddock    
  Name:   David Haddock   
  Title:   Vice President & Secretary
       
 
SUNRISE OF SOUTH CHARLOTTE


Sunrise South Charlotte NC Senior Living, LLC
 
 
By:   Karrington Operating Company, Inc.,    
  its sole member   
       
 
     
By:   /s/ David Haddock    
  Name:   David Haddock   
  Title:   Vice President & Secretary
 
SUNRISE OF BATH


Sunrise Bath Assisted Living, L.L.C.
 
 
By:   Sunrise Senior Living Investments, Inc.,    
  its sole member     
 
     
By:   /s/ Gregory Neeb    
  Name:   Gregory Neeb  
  Title:   President   
 
SUNRISE OF ENGLEWOOD


Karrington of Englewood Ltd.
 
 
By:   Karrington Operating Company, Inc.,    
  its sole member   
     
 
     
By:   /s/ David Haddock    
  Name:   David Haddock   
  Title:   Vice President & Secretary   
 
[Signatures continue on next page.]

 


 

         
SUNRISE AT FINNEYTOWN


Karrington of Finneytown Ltd.
 
 
By:   Karrington Operating Company, Inc.,    
  its sole member   
     
 
   
By:   /s/ David Haddock    
  Name:   David Haddock   
  Title:   Vice President & Secretary
 
 
SUNRISE AT KENWOOD

Karrington of Kenwood Ltd.

By: Karrington Operating Company, Inc.,
       its sole member 
 
 
   
By:   /s/ David Haddock    
  Name:   David Haddock   
  Title:   Vice President & Secretary   
 
SUNRISE AT OAKWOOD


Karrington of Oakwood Ltd.
 
 
By:   Karrington Operating Company, Inc.,    
  its sole member   
     
 
   
By:   /s/ David Haddock    
  Name:   David Haddock   
  Title:   Vice President & Secretary   
 
SUNRISE OF WOOSTER


Sunrise Wooster Assisted Living, L.L.C.
 
 
By:   Sunrise Senior Living Investments, Inc.,    
  its sole member   
     
 
   
By:   /s/ Gregory Neeb    
  Name:   Gregory Neeb  
  Title:   President   
 
[Signatures continue on next page.]

 


 

         
SUNRISE OF MONROEVILLE


Sunrise Monroeville Assisted Living, L.L.C.
 
 
By:   Sunrise Senior Living Investments, Inc.,    
  its sole member   
     
 
   
By:   /s/ Gregory Neeb    
  Name:   Gregory Neeb   
  Title:   President   
 
VIRGINIA BEACH ESTATES


Sunrise Virginia Beach Estates, LLC
 
 
By:   Sunrise Senior Living Investments, Inc.,    
  its sole member   
     
 
   
By:   /s/ Gregory Neeb    
  Name:   Gregory Neeb   
  Title:   President   
 
SUNRISE OF SOUTH HILLS


Karrington Operating Company, Inc.
 
 
By:   /s/ David Haddock    
  Name:   David Haddock   
  Title:   Vice President & Secretary