EX-10.4 4 a12-13830_1ex10d4.htm EX-10.4

Exhibit 10.4

ACCESSION AGREEMENT

THIS ACCESSION AGREEMENT, dated as of December 1, 2011, is entered into by SNH CALI TENANT LLC, a Delaware limited liability company (the “Company”).

RECITALS:

The Company has entered into a Management Agreement (the “Management Agreement”) with FVE Managers, Inc., a Maryland corporation (“Manager”), dated as of December 1, 2011, with respect to the assisted living facility known as Tiffany Court and located at 1866 San Miguel Drive, Walnut Creek, California (“Tiffany Court”).

Manager and certain affiliates of the Company are parties to that certain Pooling Agreement, dated as of May 12, 2011, by and among the Manager and the parties listed on Schedule A thereto (the “Pooling Agreement”). Capitalized terms used in this Accession Agreement without definition shall have the meanings given to such terms in the Pooling Agreement.

The Company desires to become a party to the Pooling Agreement with respect to Tiffany Court.

NOW, THEREFORE:

The Company hereby accedes and becomes a party to the Pooling Agreement as an Additional TRS, agrees to be bound by the provisions of the Pooling Agreement with respect to Tiffany Court, and acknowledges that provisions of the Management Agreement will be superseded as provided therein, on and after the date first above written.

IN WITNESS WHEREOF, this Accession Agreement has been duly executed and delivered by the Company with the intention of creating an instrument under seal.

| COMPANY: |
| SNH CALI TENANT LLC,
| a Delaware limited liability company
| By: | /s/ Richard A. Doyle
|  | Richard A. Doyle
|  | President

ACCEPTED:

FVE MANAGERS, INC., |
a Maryland corporation |
By: | /s/ Bruce J. Mackey Jr. |
| Bruce J. Mackey Jr.
| President

Schedule to Exhibit 10.4

There are 11 accession agreements to the Pooling Agreement with FVE Managers, Inc., a representative form of which is filed herewith. The other 10 accession agreements, with the respective parties and applicable to the respective communities listed below, are substantially identical in all material respects to the representative form of accession agreement filed herewith.

Entity |  | Facility |  | Date
SNH BRFL Tenant LLC |  | 22601 Camino Del Mar, Boca Raton, Florida 33433 |  | December 15, 2011
SNH CCMD Tenant LLC |  | 8100 Connecticut Avenue, Chevy Chase, Maryland 20815 |  | December 15, 2011
SNH PLFL Tenant LLC |  | 8500 West Sunrise Boulevard, Plantation, Florida 33322 |  | December 15, 2011
SNH Teaneck Tenant LLC |  | 655 Pomander Walk, Teaneck, New Jersey 07666 |  | December 15, 2011
SNH SE Tenant TRS, Inc. |  | 1371 South Ocean Boulevard, Pompano Beach, Florida 33062 |  | December 15, 2011
SNH SE Tenant TRS, Inc. |  | 2480 North Park Road, Hollywood, Florida 33021 |  | December 15, 2011
SNH SE Tenant TRS, Inc. |  | 3201 Plumas Street, Reno, Nevada 89509 |  | December 15, 2011
SNH SE Tenant TRS, Inc. |  | 200 Terrace Lane, Priceville, Alabama 35603 |  | February 1, 2012
SNH SE Daniel Island Tenant LLC |  | 320 Seven Farms Drive, Charleston, South Carolina 29492 |  | May 29, 2012
SNH SE SG Tenant LLC |  | 1010 Lake Hunter Circle, Mount Pleasant, South Carolina 29464 937 Bowman Road, Mount Pleasant, South Carolina 29464 |  | July 1, 2012