RiverMead Disclosure Statement July 2026

: Dated July 31, 2026

RiverMead

150 RiverMead Road

Peterborough, NH 03458

A CONTINUING CARE RETIREMENT COMMUNITY LOCATED IN PETERBOROUGH, NEW HAMPSHIRE

NOTICE: New Hampshire law requires RiverMead to provide all prospective Residents with this Disclosure Statement at least 24 hours before the initial transfer of funds and before the prospective Resident signs any contract with RiverMead.

NOTICE: The Department of Insurance has issued a Certificate of Authority to RiverMead. The issuance of a Certificate of Authority does not constitute approval, recommendation, or endorsement of the RiverMead facility by the Department, nor is it evidence of, nor does it attest to, the accuracy or completeness of the information set out in the Disclosure Statement.

NOTICE TO PURCHASERS: THIS DISCLOSURE STATEMENT IS FOR INFORMATIONAL PURPOSES ONLY. PURCHASERS SHOULD ASCERTAIN FOR THEMSELVES THAT THE UNIT OFFERED MEETS THEIR PERSONAL REQUIREMENTS. THE NEW HAMPSHIRE DEPARTMENT OF INSURANCE AND THE DEPARTMENT OF HEALTH AND HUMAN SERVICES HAS NEITHER APPROVED NOR DISAPPROVED THE MERITS OF THIS DISCLOSURE STATEMENT. BE SURE TO READ CAREFULLY ALL DOCUMENTS BEFORE YOU SIGN THEM.

NOTICE: THIS MATTER INVOLVES A SUBSTANTIAL FINANCIAL PAYMENT AND A LEGALLY BINDING CONTRACT. IT DOES NOT INVOLVE THE PURCHASE OR LEASE OF REAL ESTATE. IN EVALUATING THE DISCLOSURE STATEMENT AND THE CONTRACT PRIOR TO ANY COMMITMENT, IT IS RECOMMENDED THAT YOU CONSULT WITH AN ATTORNEY AND FINANCIAL ADVISOR OF YOUR CHOICE, IF YOU SO ELECT, WHO CAN REVIEW THESE DOCUMENTS WITH YOU. THIS ARRANGEMENT CARRIES WITH IT SOME RISK. MAKE SURE TO HAVE YOUR LAWYER AND FINANCIAL ADVISOR REVIEW THE CONTRACT AND DISCLOSURE STATEMENT WITH YOU.

NOTICE: You have the right to cancel the continuing care contract within 15 days after signing without obligation, except for certain described services and charges outlined in the continuing care contract. You will receive a full refund of your entrance fee less only disclosed charges during the 15-day rescission period to be paid within 45 days of request of written notice of rescission.

Name and Type of Organization

RiverMead is the trade name of PETERBOROUGH RETIREMENT COMMUNITY AT UPLAND FARM, INC., a New Hampshire not-for-profit corporation which has obtained exemption from federal income taxes as a charitable organization described under Section 501(c)(3) of the Internal Revenue Code (“RiverMead” or “Provider”). RiverMead’s charitable purposes are to establish, own and operate facilities for older citizens and the provision of related services. RiverMead funds these activities through entrance fees and monthly service fees paid by residents, and by incurring customary commercial indebtedness or by borrowing the proceeds from tax-exempt bond financings when necessary or appropriate.

Relationships or Affiliations

RiverMead has a clinical affiliation with Monadnock Community Hospital, located at 452 Old Street Road, Peterborough, New Hampshire 03458. The purpose of this affiliation is to ensure a close working relationship with the hospital as it provides on-site and off-site medical services to the Residents of RiverMead who elect to receive and pay for such services. Monadnock Community Hospital does not have any financial responsibility to RiverMead or its Residents.

On August 31, 2022, The RiverMead Group (“Group”) was organized exclusively to support and further the charitable purposes and activities of RiverMead and such other not-for-profit charitable organizations which are described in Sections 501(c)(3) and 509(a) of the Internal Revenue Code of 1986, as amended (the “Code”) and that join the System described below (together with RiverMead, each a “Participant Organization”). In furtherance of its role, Group is expressly empowered to:

(a) Establish, maintain, and govern an integrated system of senior living communities and related social service organizations (the “System”) for the effective and efficient delivery of housing, food services, health services, and other services in support of older adults (the “System Services”);

(b) Serve as the sole corporate member of RiverMead and each subsequent Participant Organization, and as the coordinating organization for the System; and

(c) Provide centralized management, administrative and other similar functions; design and implement long-term strategic planning for the System; develop key strategic relationships and alliances and identify new Participant Organizations to join the System; develop policies and methodologies for the effective and efficient delivery of the System Services to older adults throughout the System; and conduct other similar activities, all solely for the support and benefit of the System and the Participant Organizations.

In limitation of, and not in addition to, the purposes stated above, Group will be operated exclusively to support RiverMead and each Participant Organization and to further their respective charitable missions, and only in such a manner so that the Corporation remains qualified as an entity exempt from federal income taxation under Section 501(c)(3) of the Code and is not a private foundation pursuant to Section 509(a) of the Code. Currently, Group has no financial responsibilities to RiverMead or its Residents.

Group’s business address is 150 RiverMead Road, Peterborough, New Hampshire 03458. Until another Participant Organization joins the System in addition to RiverMead, the RiverMead Board of Trustees appoints from among its Trustees those individuals who serve as the Group Board of Trustees. Thereafter, the RiverMead Board of Trustees will retain the power to nominate for mandatory election more than fifty percent (50%) of Group’s Board of Trustees. To facilitate Group’s supportive role, RiverMead has reserved to Group the right to approve certain major decisions of the RiverMead Board of Trustees, including the adoption of annual operating and capital budgets, nominations to the RiverMead Board of Trustees, transfers to unaffiliated organizations with a value in excess of $1 Million, and the incurrence of debt in excess of $1 Million. The Charitable Trusts Director of the New Hampshire Attorney General’s Office has opined that supporting organizations like Group have a limited fiduciary duty to the organizations they support (like RiverMead) when exercising these reserved approval rights. Group also has the authority to assess RiverMead and any other Participant Organizations for Group’s operating costs and, after another Participant Organization joins the System, for reasonable financial reserves to fund Group’s activities in operating the System.

Board of Trustees and Officers

RiverMead is governed by a voluntary Board of Trustees. The Board consists of individuals who have extensive experience in business, finance, medicine, state and local public service, higher education, law, and social services. At least three Trustees must be a Resident of RiverMead with a least one Resident Trustee from each campus. No present active Trustee or Officer has ever been convicted of a felony; had a court order or injunctive relief served on him or her; ever filed for bankruptcy or had financial actions taken against them; any interest in any supplier or potential suppliers of services; contributed or sold supplies or materials of any kind to RiverMead except for the following:

The Volunteer Board of Trustees is comprised of residents, residents’ family members, waitlist members, and local people with varied and expansive backgrounds in finance, business, law, and medicine. These dedicated board members volunteer their time to help set the strategic plan and guarantee RiverMead's fiscal health and operational success for decades to come.

Joe Caracappa, Chair of the Board of Trustees

Peterborough, NH

Mr. Caracappa is a real estate investor and small business owner with two laundromats in Boston and a carwash in Nashua. He graduated from Columbia University with an undergraduate degree in Operations Research. Joe was the head of sales at a Boston-based robotics company, he was the Vice President and Chief Information Officer for C&S Wholesale Grocers in the early 2000’s, and he was the Executive Vice President for the Footstar Corporation in the 90’s. Before that he also worked as the Senior Director of Information Systems at the Novartis Corporation from 1991 to 1993 and he was a Senior Manager at Anderson Consulting from 1981 to 1984. Joe is an avid volunteer, and he served as President and Treasurer of Monadnock Art / Friends of Dublin Art Colony. Joe is also the Trustee (Stearns Farm, Finance & Strategy Committee Member) of Peterborough Players. He has been married to his wife Linda for 34 years and he is the father of three children.

Peter Imhoff, Vice Chair

Dublin, NH

Mr. Imhoff is a retired Managing Director who oversaw Public Finance. Mr. Imhoff is a graduate of St. Lawrence University (BA - Government) and Columbia University (MBA - Finance). He was the Managing Director at Dillon, Read & Co. Inc., a NY-based investment bank. He was primarily responsible for over $40 billion in financing programs for entities such as the NY Metropolitan Transportation Authority, NYC Municipal Assistance Corporation, NYS Local Government Assistance Corporation, numerous toll roads, healthcare, and educational facilities. After moving to New Hampshire, he served on multiple local notfor-profit boards and town committees. His primary efforts were on behalf of the Dublin School, where as Board President, he oversaw the revitalization of the physical and financial health of the school. Later he served as the Dublin School’s first Communication Director and Chief Financial Officer. He can often be found on Beach Hill with his wife Teresa and their two loving German Short-Haired Pointers.

Carole Monroe, Treasurer

Dublin, NH

With over thirty years of experience in technology and leadership, Ms. Monroe is a valuable addition to the RiverMead Board. She has a strong background in organizational leadership, business operations, and technology, leading multiple organizations through change and establishing effective teams. As the former CEO at ValleyNet Inc., the Executive Director at New Hampshire FastRoads and in various roles at Franklin Pierce University, including Chief Information Officer, she has developed short-term and long-range strategic plans for all business units. Currently, she works as a Broadband Consultant with various municipalities and broadband providers in New Hampshire and Vermont.

Ms. Monroe has achieved several milestones throughout her career. She managed the development of a 1,500-mile broadband network in Vermont, the construction of a 247-mile fiber-optic broadband network in western New Hampshire, organized an annual institutional scholarship and need-based financial aid budget of $19.3 million, and developed an acclaimed integrated approach to student services.

Ms. Monroe was co-chair of Monadnock Connect, a predecessor to New Hampshire FastRoads, founded in 2001. She was also a member of the Monadnock Economic Development Corporation board of directors and served as the Chair of the Monadnock Community Hospital board. She holds an MBA in

finance from the University of Connecticut and a bachelor's degree in marketing from Western Connecticut University.

Beth Fernald, Secretary

Sharon, NH

Mrs. Fernald is an attorney who has worked privately in both Massachusetts and New Hampshire. Beth is a graduate of Wheaton College (MA) summa cum laude and earned a JD from Boston College Law School, magna cum laude. After nearly 20 years in private practice, first in Boston and later with the Bradley Law Firm in Keene, Beth began a second career as a diplomat with the U.S. State Department and served in Guatemala, the Czech Republic, Washington, DC, Belize, Paraguay, and the U.S. UN Mission in Kenya. Beth has also served on the Boards of Andy’s Summer Playhouse, and the Parent Guidance Center, and Chaired the Sharon Zoning Board of Adjustment. She currently serves on the Sharon Conservation Commission. In 2020 she became a licensed Yoga Instructor. She is married to her husband Mark, and they have lived in Sharon for 30 years. They have raised two children.

Gerald “Jerry” Galus, Trustee

Peterborough, NH

Mr. Galus is a retired Accountant. He was born in Honolulu, Hawaii before moving to Philadelphia to attend Wharton School of the University of Pennsylvania and, immediately thereafter, to Ann Arbor to attend the Ross School of Business at the University of Michigan. After obtaining his MBA Jerry began his working career in New York City, where he joined the audit staff of a major accounting firm and, in the following year, attained his Certified Public Accountant license. He ultimately became a partner in the firm of Ernst & Young, located in NYC. The last 18 years of his career were centered on coordinating his firm’s services to multinational companies throughout the European and the Asia-Pacific regions while based in Amsterdam, Hong Kong & Singapore. In Peterborough, Jerry has been a member of the Peterborough Planning Board, the Peterborough Economic Development Authority, and chairs two town advisory boards to the Board of Selectmen. One of those boards is that of the South Peterborough Tax

Incentive Funding commission which advises regarding infrastructure improvements in the district in which RiverMead is located.

Tori Haring-Smith, Trustee

Peterborough, NH

Dr. Haring-Smith served as President of Washington & Jefferson College for more than a decade, leading a period of major growth and innovation. A lifelong advocate for education and access, she has strengthened institutions through strategic planning, fundraising, and faculty engagement.

Thomas Ferenc, Trustee

Hancock, NH

Mr. Ferenc has recently retired as a Public High School Principal. He has served in the public school system since 1996 and before that, he had various roles in the private industry. He is a licensed, certified teacher, principal, and superintendent in multiple states. Additionally, he holds degrees from Southern Connecticut State University, Antioch College, and Plymouth State University. He has garnered recognition as an award-winning, nationally recognized principal and has earned the Vermont Principal of the Year Award in 2012.

Mr. Ferenc resides in Hancock, NH, with his spouse Christie, whom he has been married to for forty-five years. He is a proud father of one son and has three wonderful grandchildren.

Cynthia McGuire, Trustee

Peterborough, NH

Mrs. McGuire is the President and CEO of Monadnock Community Hospital. Cynthia has a Master of Science Degree in Healthcare Administration from Sage Graduate School in Troy, NY. She has over 25 years of experience working in a variety of healthcare settings and was previously the Chief Operating Officer with Adirondack Health based in Saranac Lake, NY. She has served on many nonprofit boards over

the last several years including the Russell Sage Evening College Alumni Board of Trustees, the YMCA, the Pendragon Theatre in Saranac Lake, N.Y., the Adirondack Housing Development Corporation, and the NYS Health Care Managers Association (ACHE Chapter). Cynthia is the Past Chair of the New Hampshire Hospital Association Board, Past-Chair of the NHHA Advocacy Task Force, Chair Elect of the NHHA Rural Health Coalition and is a member of the Section Small or Rural Hospitals Regional Policy Board 1 of the American Hospital Association and currently serves on the Peterborough Players Board. She and her husband, Harry, currently reside in Peterborough, NH.

John H. Morison, III, Trustee

Mont Vernon, NH

Mr. Morison currently holds the positions of Chair, CEO, and President at Hitchiner Manufacturing. He obtained a Bachelor of Arts degree in Economics from the University of New Hampshire in 1976. His career began as an inside sales representative in the Stellite Division of Cabot Corporation. In 1978, he was promoted to the position of regional sales manager in France, and in 1980, he became the regional sales manager in Brazil. He was later appointed as the regional sales manager for all of Latin America in 1981. He joined Hitchiner in 1983 and rose through the ranks to become the organization's president in 1994.

Aside from his role at Hitchiner, Mr. Morison has been involved in various area organizations such as the New Hampshire Business and Industry Association, Currier Museum of Art, New Hampshire Public Television, UNH Foundation, and Upland Farm LLC.

Dan Perli, Trustee

Milford, NH

Dr. Perli is Chief Medical Officer at Monadnock Community Hospital, where he leads initiatives in quality improvement and clinical excellence. Board-certified in internal medicine, he brings extensive experience in hospital leadership and a commitment to advancing community health.

Peter Rotch, Resident Trustee

Peterborough, NH

Mr. Rotch is a retired Business Lawyer. He attended Dartmouth College and the University of Chicago Law School. He practiced law, and was a shareholder/director, with McLane Middleton, a Manchester, NH law firm. His practice focused on business and financial transactions including representing banks and commercial lenders. Mr. Rotch serves on the board of the Monadnock Conservancy, a land trust in the Monadnock Region. He has served on the board of The White Mountain School, the NH chapter of The Nature Conservancy and the New Hampshire Symphony. He has been a member of the Amherst, NH Village District and the Amherst, NH Historic District Commission. At RiverMead, he has served as a member of the Residents’ Council including terms as president and treasurer. He has also been involved with resident-run Saturday hikes, RiverMedia, the fitness committee, and the current issues committee. Prior to moving to RiverMead, he and his wife Susan lived in Amherst, NH for 37 years.

Mary Ellen Spencer, Resident Trustee

Peterborough, NH

Mrs. Spencer is a retired Business Leader, Higher Education Worker, and has held roles in Public Accounting. Her degrees include a B.A. from SUNY Cortland and an M.Ed. from Boston University. Her professional career spanned a variety of industries including secondary and higher education, public accounting in non-accountant roles and in the field of aging. In Vermont, she was the Director of the Champlain Valley Agency on Aging, Director of the Vermont Office on Aging, and the Director of The Converse Home, a non-profit assisted living and memory care facility. Mary Ellen was also an active community volunteer and held leadership roles in including serving as President of the United Way Board, President of the First Congregation Church, and President of the Fund-Raising Board of Fletcher Allen Health Care, the local medical center. She is a recipient of the City of Burlington’s Allen F. Gear Award for Public Service.

Peter Tibbetts, Trustee

Dublin, NH

Mr. Tibbetts is a business executive with broad experience in technology, operations, and corporate leadership. Having guided both entrepreneurial and multinational organizations, he is known for driving strategic growth and fostering innovation across diverse industries.

Mary Vallier-Kaplan, Resident Trustee

Peterborough, NH

Ms. Vallier-Kaplan brings years of experience and knowledge in community health systems and strategic planning from local, state, and national perspectives to RiverMead. She holds a B.S. in Nursing from the University of North Carolina at Chapel Hill and a Master's Degree in Health Services Administration from the University of Michigan School of Public Health.

Ms. Vallier-Kaplan founded Community Hospice of Greater Nashua and was the founding COO & VP of the Program for Endowment for Health. Additionally, she has served as a consultant for the Southern NH Medical Center and the Robert Wood Johnson Foundation.

Being an active member of the Monadnock Region Community, she has been associated with various organizations such as the Mariposa Museum and the Nubanusit Neighborhood & Farm. She currently serves as a Trustee of the Peterborough Players. She has also contributed her services to organizations across the state, including Home Health and Hospice Care, NH Oral Health Coalition, the Governor's Commission on Medicaid Managed Care, and the Hollis School Board/Budget Committee. Ms. VallierKaplan is an active resident of RiverMead and has served on the Residents' Council.

Corporate Officers

Lara Shea, Chief Executive Officer

Lara Shea has enjoyed working in the long-term care industry since high school. She was on RiverMead’s opening team back in 1995, working for two years as a dining room server. Since then, Lara has worked

her way up in the long-term care field, working as an Activities Assistant, Sales and Marketing Assistant, Admissions and Marketing Director, Memory Care Director, Assistant Executive Director, CEO of ScottFarrar in Peterborough, NH and today as CEO of RiverMead.

Lara was born and raised in Peterborough, NH. She received her bachelor’s degree in Public Relations from the University of Rhode Island and her master’s degree in Eldercare Administration from Lasell College in Newton, MA.

Currently, Lara chairs the Education Committee, Monadnock Employee Forum, ConVal High School Region

14 ATC Regional Advisory Committee and South Peterborough TIF Advisory Board. In addition, she is an adjunct professor at Franklin Pierce University. Lara and her husband Jamieson live in Peterborough, NH.

Martin James (Jaime) Conley III, Chief Financial & Operations Officer

Jaime joined RiverMead as CFO in December of 2014 after serving for eight years as the Controller and Director of Financial Operations of Givens Estates, a continuing care retirement community in Asheville, NC. His areas of responsibility included the company’s financial reporting process, treasury services, contractual agreements, corporate compliance initiatives, and the preparation of annual budgets and longrange forecasts. Earlier, Jaime was Financial Auditor for the State of North Carolina and an Accounting Instructor at the University of North Carolina at Wilmington where he earned a Bachelor of Science degree in Business Administration and a Master of Science in Accountancy. Jaime serves on the Board of Trustees of LeadingAge Maine & New Hampshire as Treasurer, is a member of the Board of Directors of the New Hampshire Health and Education Facilities Authority, is a member of the Monadnock Community Hospital Audit Committee and was previously a member of the Town of Peterborough’s Master Plan Housing Subcommittee. Jaime currently lives in Concord, NH with his wife and three children.

Contracts

Peterborough Retirement Community at Upland Farm, Inc. has entered into a number of contracts for services to be provided to RiverMead. Those ongoing contracts, which may exceed $25,000 annually, are for various services including network administration, security services, insurance, and food service

management.

Location and Description of RiverMead

RiverMead consists of two campuses: the original “Mead” campus and the second campus, “The Village,” which opened in April of 2013. The two campuses are directly adjacent to one another and consist of a total of 180 Independent Living residences, and 102 Health Center residences. Independent Living residences vary in size from one-bedroom apartments to three-bedroom cottages. The Community is constructed on approximately 90 acres in Peterborough, New Hampshire located between the intersection of New Hampshire Routes 101 and 202. It is a partially wooded site, which is bordered by undeveloped land and the Contoocook River.

The Community is open to persons aged 62 and over (hereinafter “Resident”). Residents who will occupy independent apartments must be able to demonstrate that they are in good health, able to live independently, and capable of meeting their financial responsibilities. All parts of the Community are residential in nature with beautiful green spaces, landscaping, and gardens. The Community was created to be an integrated town within a town which interacts with Peterborough as a whole. The goal of the Community is to allow its residents to enjoy an enriched lifestyle with cultural, recreational, and educational opportunities.

Development of the Original “Mead” Community

The overall development cost of RiverMead’s original Mead campus was $37,000,000, including approximately $22,000,000 related to design, construction, site cost, land, furnishings and equipment and other direct expenses of the Project. This cost includes a substantial amount to fund interest payments and establish a Reserve Fund and an Operating Reserve Fund. RiverMead was financed through the issuance of approximately $28,000,000 of tax-exempt bonds through the New Hampshire Higher Educational and Health Facilities Authority

Expansion of the Community: The Village Campus

In 2006, RiverMead purchased approximately 34 acres of land across from its existing campus (the “Nelson

Lot”) as a strategic investment in the advancement of several key goals and objectives identified by RiverMead residents and the Board of Trustees. These goals and objectives, or qualitative improvements to RiverMead, included:

• Further the mission, values, and vision of RiverMead.

• Increase the selection of healthcare options and lifestyle amenities offered to existing RiverMead residents.

• Optimize RiverMead operating costs through greater economies of scale and efficiencies of operations.

• Expand the provision of the senior living services and retirement options and offer a greater variety of lifestyle choices to additional people within RiverMead’s primary market service area.

With these objectives in mind and as a result of a market analysis and market feasibility study, RiverMead authorized the Village expansion project in 2008, the scope of which included:

• 30 independent living units in a multi-story apartment wing

• 10 independent living cottages

• 20 one-bedroom assisted living units in a one-story wing

• a one-story community center to include specialty areas and amenity areas for the use of the entire RiverMead campus (as well as the necessary service and “back of house” spaces on a lower level)

• 30 structured parking stalls

The common area on the Village campus includes 30 covered parking stalls, multiple dining venues, a “bring your own” pub, a multifunction meeting room, a fitness center with a Jacuzzi and other recreational and public areas for the use of all residents of RiverMead.

The total direct cost for constructing and equipping The Village was $23.9 million, financed by the proceeds of tax-exempt revenue bonds issued through the New Hampshire Health and Education Facilities Authority in 2011. In addition to contributing the land, RiverMead funded all pre-construction expenditures and other costs that would not qualify for tax-exempt financing.

Expansion of the Community: The 2017 Master Planning Project

In 2015 the RiverMead senior management team and Board of Trustees developed a master site plan for updating and improving the RiverMead facilities and meeting the needs of its residents (the “Master Site Plan”). The Master Site Plan consists of:

• 4 new Independent Living cottages

• 2 new villa-style buildings each containing 12 Independent Living apartments

• Replacement of the maintenance building

• Additions and renovations to dining venues and other common areas on the Village Campus

• Additions and renovations to dining venues and other common areas on the Mead Campus and

• Additions to and renovations of the Health Center

• Addition of a Fitness Center located adjacent to the existing pool on the Mead Campus

The direct costs of constructing and equipping the Master Site Plan totaled approximately $46.3M and were financed from the proceeds of the issuance by entrance fees on new units and the issuance of $34.5M of New Hampshire Health and Education Facilities Authority tax-exempt bonds on December 28, 2017.

Planned Expansion of the Community – The 2026 Master Planning Project

Expansion of Independent Living

A key priority for the Board in this planning cycle is the potential addition of new Independent Living units. As demand for Independent Living continues to grow, the Board is exploring ways to expand housing options while preserving the character, accessibility, and comfort that our current residents value.

Enhancements to the Mead Campus

As part of this broader planning effort, the Master Plan also significant improvements to the community’s original Mead campus, including replacing the exterior siding and windows of most building on this campus.

These upgrades will refresh the building’s appearance, improve comfort, and support long-term sustainability and maintenance goals.

Comprehensive Landscaping and Site Planning

In addition to building improvements, the Board is undertaking a community-wide evaluation of our landscaping and outdoor spaces. This includes developing a comprehensive landscaping plan to:

• Enhance curb appeal and outdoor enjoyment

• Improve accessibility and wayfinding

• Create cohesive, welcoming outdoor areas across the full campus

This landscaping plan will be integrated into the overall Master Plan to ensure that buildings, open spaces, and future growth align cohesively.

Services and Amenities

The services and amenities of RiverMead (comprised of the original “Mead” campus and the new “Village” campus) are listed below and are also identified in the attached Residence and Care Agreement (some services vary for those residents entering under Exhibit C: The Health Center

– Direct Admission Residence and Care Agreement):

A. Community Center

Residents may use the dining rooms, lounges, lobbies, library, social and recreational facilities, and other public areas of the Community Center, which RiverMead has made available for the use, and enjoyment of the Residents of RiverMead. Such use is subject to reasonable rules, established by RiverMead, which shall be applicable to all Residents.

B.

Health Center

RiverMead will supply assisted living and memory care in the on-site Health Center when medically necessary without any increase in the then-current monthly fee, except for the

charge for two extra meals per day and other expenses not covered in the Residence and Care Agreement. If accommodations are not immediately available in the on-site Health Center, RiverMead will be responsible to pay for similar services at an off-site healthcare facility. The Resident would be transferred back to the Health Center as soon as accommodations become available.

As stated in the Residence and Care Agreement, RiverMead does not provide skilled or longterm nursing care to its Residents.

C. Food Services

1. Meal Services

Two nutritionally balanced meals a day are available at the Community Center. One meal a day is included in the Monthly Service Fee. Residents may elect to take additional meals at the prevailing extra charge.

2. Tray Service

Tray service is provided in the Living Accommodation during minor, short-term illnesses of 14 days or less when approved by RiverMead's Director of Health Services or his/her designee for the one meal a day included in the Monthly Fee. If additional meals and tray service are required, a charge will be incurred by the Resident for the additional meals not covered in the Monthly Fee.

3. Guest Meals

Guest meals are provided for guests of the Resident at the Community. Fees for guest meals may be charged to the Resident and will be reflected on the Resident’s monthly statement.

D. Environmental Services

Certain housekeeping services are provided every other week at no additional charge in the Resident’s Living Accommodation On an periodic basis, more extensive housekeeping service is provided and includes cleaning windows and moving furniture. Residents are responsible for maintaining their Living Accommodation in a clean and sanitary condition. Additional housekeeping services are available to the Resident at an additional charge.

E. Facilities

Furnishings, appliances, and other property and equipment supplied by the Community is repaired and maintained or replaced by the Community. Repairs, maintenance, and replacement of the Resident's personal property are the responsibility of the Resident.

F. Utilities

Sewer, water, electricity, heat, air conditioning, cable tv, internet and trash removal are furnished at no additional cost to the Resident. The Resident is responsible for the cost of telephone service to the Living Accommodation.

G. Grounds

Basic groundskeeping, including lawn service and common area gardens, is furnished at no additional cost to the Resident.

H. Gardens

Ground-floor Residents and Residents of cottages may plant flowers, greenery, and other non- wild, non-food-bearing plants around their patio areas in dimensions determined by the Community. A portion of the campus of the Community will be designated for Resident garden plots for the growing of vegetables and flowers. Residents may reserve these garden plots at no additional charge.

I. Local Transportation

RiverMead provides local transportation for Residents to shopping centers, banks, and other points of common interest on a scheduled basis, as well as individual trips to physicians, dentists, hospitals, and other healthcare providers within the local area of the Community in the event other conveyance is unavailable and transportation is requested in advance.

J. Activities

RiverMead provides a planned schedule of social, cultural, educational, recreational, and religious activities. RiverMead reserves the right to pass on to the Resident the costs incurred in providing programs which require special materials, admission fees, charter bus service, or other outside expenses.

K. Emergency Service

An emergency call system is located within each Living Accommodation. Any emergency call received from a Resident will be answered twenty-four hours a day, seven days a week.

L. Storage Areas

A storage area, capable of being locked, is available for use by Residents of the Independent Living Apartment Units. Each Cottage has at least one garage with space for additional storage.

M. Taxes

RiverMead is responsible for any real estate taxes assessed to the Community.

N. Beautician/Barber Services

Beautician and Barber services are available to the Residents in the Community at an additional charge to the Resident.

O. Country Store

A Country Store is available to Residents during scheduled hours of operation. Purchases will be an additional charge to Residents.

P. Parking

Lighted and well-maintained parking areas are available to Residents at no additional charge. A covered parking space is available to Residents of the Independent Living Apartment Units at an additional charge.

Services to be Provided at Other Locations

RiverMead will provide all the services noted above at RiverMead. The only possible exception, as noted in Paragraph B above, is if the on-site Health Center is at full occupancy and a Resident must be temporarily provided care at another local facility.

Waitlist Process, Entrance Fees, Monthly Fees, and Refunds

Waitlist Process

For a description of RiverMead’s waitlist, entrance fee payments, and residency process, please see Exhibit F: Waitlist, Entrance Fee, and Residency Process.

Entrance Fees

Residents of Independent Living Units at RiverMead can choose from four different Entrance Fee plans, the Traditional Plan, the 50% Refundable Plan and the 90% Refundable Plan. The Traditional plan offers a lower Entrance Fee with a declining refund over time. The Traditional Entrance Fee will be reduced by 4% upon initial occupancy and then by 2% per month of occupancy until the amount to be refunded is reduced to zero. The 50% Refundable Plan requires a higher Entrance Fee, which will be reduced by 4% upon initial occupancy and then by 2% per month of occupancy until the amount to be refunded is reduced to 50% of the Entrance Fee paid. The 90% Refundable plan requires the highest Entrance Fee and allows for a minimum of 90% of the

Entrance Fee to be refunded at all times. The Entrance Fee paid by Residents moving directly into Supported Residential Care in the Health Center will be reduced by 4% per month of occupancy until the amount to be refunded is reduced to zero. There is a non-refundable additional person fee required under each plan if more than one person occupies a unit.

Notice of Entrance Fee increases will be given in advance of that increase taking effect. The Board of Trustees reserves the right to increase the Entrance Fees, determine the amount of increase, or change the timing of any planned increases, for any units. Once a Residence and Care Agreement is executed, the Entrance Fee identified in that Agreement shall not change.

A current schedule of Entrance Fees can be found in Exhibit D: Entrance Fees and Monthly Service Fees.

Monthly Fees

Residents must pay a Monthly Service Fee to the Community for services provided. This Monthly Service Fee is based on the projected cost of operating the Community. The monthly fees will be reviewed by the Board of Trustees and adjustments made periodically if the Board of Trustees deems it necessary to meet the financial needs of operating RiverMead. Residents will be given 60 days’ written notice of an increase in the Monthly Service Fees. An additional Monthly Service Fee is charged for double occupancy of a unit. A current schedule of Monthly Service Fees can be found in Exhibit D: Entrance Fees and Monthly Service Fees.

Refunds

The Residence and Care Agreement may be rescinded by the Resident, without penalty, by giving RiverMead written notice within 15 days of the date of its execution by the Resident. The Resident's deposit will be returned without interest within 45 days of receipt of the written notice of rescission. After the initial 15-day period, the Residence and Care Agreement may be terminated prior to and after occupancy, and refunds will be granted, in accordance with the provisions of the Residence and Care Agreement.

Reserve Funding and Entrance Fee Deposits

Continuing Care Retirement Communities, in accordance with the laws of the state of New Hampshire, are required to maintain reserve funds prior to occupancy by residents. The reserve funds must equal the sum of 12 months’ interest and principal payments of the total long-term debt of the organization and 2 months’ operating expenses, which relates to lifecare residents.

RiverMead maintains a balance of eligible cash and investments well in excess of this requirement. These reserve funds are maintained in a separate account and segregated from RiverMead’s operating funds, but they are encumbered by the liens on all of RiverMead’s assets held by the bond trustee(s) in connection with the long-term financing of RiverMead’s construction and expansion as described above.

New Hampshire law does not require RiverMead to place Entrance Fee deposits (described above) into a segregated escrow account if RiverMead has occupancy equal to or greater than eighty percent (80%) of its independent living units, has days cash on hand of more than 100 days, and there is no violation of New Hampshire RSA 420-D (the law governing continuing care communities like RiverMead) or any material loan covenants. RiverMead currently meets these requirements; therefore, the Entrance Fee deposits are not segregated from RiverMead’s operating funds or placed into escrow. Any obligation to return Entrance Fee deposits becomes a liability of RiverMead and the recipient of the refund becomes a general creditor until the refund is received. If RiverMead were to default on its long-term indebtedness, then the repayment of that debt would take priority over any outstanding obligation to refund Entrance Fee deposits.

Financial Statements

RiverMead prepares monthly, quarterly, and annual financial statements. Monthly and audited annual financial statements are made available to all interested parties, including Residents. Management encourages Resident interest in the organization’s financial reporting and promotes an “open door” policy for Residents to discuss current and historic financial performance. RiverMead’s most recent audited financial statements are included as Exhibit A: Audited Financial Statements to the Disclosure

Statement. Inquiries related to RiverMead’s financial performance can be directed to its Chief Financial Officer at 603.371.0431.

Resident Bill of Rights

The RiverMead Board of Trustees has adopted a Resident Bill of Rights. A copy is attached as Exhibit G: Resident Bill of Rights.

Independent Auditors' Report

To the Board of Trustees of Peterborough Retirement Community at Upland Farm, Inc. d/b/a RiverMead

Opinion

We have audited the financial statements of Peterborough Retirement Community at Upland Farm, Inc. d/b/a RiverMead (RiverMead), which comprise the balance sheets as of December 31, 2025 and 2024, and the related statements of operations, changes in net deficit and cash flows for the years then ended, and the related notes to the financial statements.

In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of RiverMead as of December 31, 2025 and 2024, and the results of its operations, changes in its net deficit and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America (GAAP)

Basis for Opinion

We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of RiverMead and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Responsibilities of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of the financial statements in accordance with GAAP, and for the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about RiverMead's ability to continue as a going concern within one year after the date that the financial statements are available to be issued

Auditors' Responsibilities for the Audit of the Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP is a licensed CPA firm that provides assurance services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and are not licensed CPA firms.

In performing an audit in accordance with GAAS, we:

 Exercise professional judgment and maintain professional skepticism throughout the audit.

 Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.

 Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of RiverMead's internal control. Accordingly, no such opinion is expressed.

 Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.

 Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about RiverMead's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings and certain internal control-related matters that we identified during the audit.

Philadelphia, Pennsylvania

April 10, 2026

Peterborough Retirement Community at Upland Farm, Inc.

December 31, 2025 and 2024

Statements of Changes in Net Deficit d/b/a RiverMead

Years Ended December 31, 2025 and 2024

Statements of Cash Flows Peterborough

Years Ended December 31, 2025 and 2024

Peterborough Retirement Community at Upland Farm, Inc.

d/b/a RiverMead

Notes to Financial Statements

December 31, 2025 and 2024

1.Nature of Operations and Summary of Significant Accounting Policies

Nature of Operations

Peterborough Retirement Community at Upland Farm, Inc. d/b/a RiverMead (RiverMead) was organized in 1991 as a New Hampshire not-for-profit corporation to own, maintain and operate a continuing care retirement community, which provides housing, healthcare and other related services to its residents. The community, located in Peterborough, New Hampshire, consists of independent living cottages, villas and apartments and a health center. RiverMead is comprised of 180 independent living units, 67 assisted living units and 35 memory support units.

RiverMead evaluated subsequent events for recognition or disclosure through April 10, 2026 the date the financial statements were available to be issued.

Cash and Cash Equivalents

For purposes of the statements of cash flows, cash and cash equivalents and restricted cash and cash equivalents include investments in highly liquid debt instruments with an initial maturity date of three months or less.

Accounts Receivable, Residents

Accounts receivables are reported net of an allowance for credit losses to represent the RiverMead's estimate of expected losses at the balance sheets date. The adequacy of the allowance for credit losses is reviewed on an ongoing basis, using historical payment trends, write-off experience, analyses of receivable portfolios by payor source and aging of receivables, a review of specific accounts, as well as expected future economic conditions and market trends, and adjustments are made to the allowance as necessary.

Investments and Investment Risk

Investments in equity securities with readily determinable fair values and all investments in debt securities are measured at fair value in the balance sheets. Investment income or loss (including realized and unrealized gains and losses on investments, interest and dividends) is included in revenues and gains in excess of expenses unless the income or loss is restricted by donor or law. Interest income is measured as earned on the accrual basis. Dividends are measured based on the ex-dividend date. Purchases and sales of securities and realized gains and losses are recorded on a trade-date basis.

RiverMead's investments are comprised of a variety of financial instruments. Management of RiverMead's investment portfolio is governed by its investment policy and overseen by the Board of Trustees. The fair values reported in the balance sheets are subject to various risks including changes in the equity markets, the interest rate environment and general economic conditions. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the fair value of investment securities, it is reasonably possible that the amounts reported in the balance sheets could change materially in the near term.

Assets Whose Use is Limited

Assets whose use is limited includes assets held in trust for the benefits of residents and donorrestricted assets. Amounts available to meet current liabilities of RiverMead have been classified as current assets in the balance sheets.

d/b/a RiverMead

Notes to Financial Statements

December 31, 2025 and 2024

Property and Equipment

Property and equipment acquisitions are stated at cost. RiverMead's policy is to capitalize expenditures for major improvements and charge maintenance and repair expense for expenditures, which do not extend the useful lives of the related assets. Depreciation is computed on the straight-line method based on the estimated useful lives of each class of depreciable asset.

Estimated Useful Lives (Years)

Vehicles 5

Furniture and equipment 5-10

Land improvements 10-20

Building improvements 10-20

Buildings 40

Debt Issuance Costs

Debt issuance costs are being amortized over the term of the related debt using the straight-line method, which approximates the effective interest method. Amortization expense, which is included as a component of interest expense, was $66,988 in both 2025 and 2024.

Prepaid Revenue

Residents are charged monthly service fees, which are billed one month in advance. Advance billings for monthly fees are recorded as prepaid revenue in the accompanying balance sheets and recognized as resident service fees revenues when earned. Additionally, any charges to residents not included in the monthly fees are charged at the end of each month.

Derivative Financial Instruments

RiverMead entered into interest rate swap agreements, which are considered derivative financial instruments, to manage its interest rate risk on its long-term debt. The interest rate swap agreements are reported at fair value in the balance sheets and related changes in fair value are reported in the statements of operations as a change in fair value of derivative financial instruments.

Net (Deficit) Assets

Net (deficit) assets, revenues, gains and losses are classified based on the existence or absence of donor-imposed restrictions. Accordingly, net (deficit) assets and changes therein are classified and reported as follows:

Net Deficit Without Donor Restrictions - All revenue not restricted by donors is accounted for in net deficit without donor restrictions.

Net Assets With Donor Restrictions - Net assets subject to donor-imposed restrictions. Some donor-imposed restrictions are temporary in nature, such as those that will be met by the passage of time or other events specified by the donor. Other donor-imposed restrictions are perpetual in nature, where the donor stipulates those resources be maintained in perpetuity. All revenues restricted by donors as to either timing or purpose of the related expenditures or required to be maintained in perpetuity as a source of investment income are accounted for in net assets with donor restrictions. When a donor restriction expires, that is when a stipulated time restriction ends, or purpose restriction is accomplished; net assets with donor restrictions are reclassified to net deficit without donor restrictions.

d/b/a RiverMead

Notes to Financial Statements

December 31, 2025 and 2024

Benevolent Assistance

RiverMead has a policy of providing benevolent assistance to residents who are unable to pay the full cost of care and services. Such residents are identified based on financial information obtained from the resident and subsequent review and analysis. Since RiverMead does not expect to collect the normal charges for services provided, charges for benevolent assistance are not included in revenue. Benevolent assistance provided to residents was $178,764 in 2025 and $128,706 in 2024.

Obligation to Provide Future Services

RiverMead engages an actuary to periodically calculate the present value of the net cost of future service and use of facilities to be provided to current residents and compares that amount with the balance of deferred revenues from advance fees. If the present value of the net obligation to provide future service and use of facilities (discounted at 5.0%) exceeds the deferred revenue from advance fees, a liability is recorded with the corresponding charge to income. Because no excess was calculated, no liability was recorded at December 31, 2025 and 2024.

Resident Service and Health Center Fees

Fee revenues are reported at the amount that reflects the consideration RiverMead expects to receive from residents in exchange for the services provided. Performance obligations are determined based on the nature of the services provided. Fee revenue is recognized as performance obligations are satisfied.

Resident service fee revenues are primarily comprised of assisted living, memory support and independent living revenue streams, which are primarily derived from providing housing and services to life-care residents at a stated daily or monthly fee, net of any explicit or implicit price concessions. RiverMead has determined that the services included in the stated daily or monthly fee for each level of care represents a series of distinct services that have the same timing and pattern of transfer. Therefore, RiverMead considers the services provided to residents in each level of care to be one performance obligation which is satisfied over time as services are provided. As such, assisted living, memory support and independent living revenues are recognized on a daily or month-to-month basis as services are rendered.

Payment terms and conditions for RiverMead's resident service fees vary by contract type, although terms generally require payment to be made within 10 days. Fee revenues for recurring and routine monthly services are generally billed monthly in advance. Fee revenues for ancillary services are generally billed monthly in arrears. Resident service fees collected from residents in advance are classified as prepaid revenue in the accompanying balance sheets until the performance obligations are satisfied at which point they are included in resident service fees revenues.

d/b/a RiverMead

Notes to Financial Statements

December 31, 2025 and 2024

Advance Fees

RiverMead offers three residence and care agreement options: a traditional agreement, a 50% refund agreement and a 90% refund agreement. Under the traditional agreement, refunds are equal to the first person advance fee paid less a sum equal to 4% for the first month of residence and 2% per month for additional months of residence. Under the 50% refund agreements, refunds are equal to the first-person advance fee paid less a sum equal to 4% for the first month of residence and 2% per month for additional months of residence, to a minimum of 50%. Under the 90% refund agreement, refunds are generally equal to 90% of the first person advance fee paid. A second person advance fee is also charged but is not refundable. Refunds are payable within 30 days of the termination of a residence and care agreement and payment of an advance fee by a new resident for the independent living unit vacated by the resident. Contractual refund obligations under existing resident agreements approximate $41,362,000 and $38,800,000 at December 31, 2025 and 2024, respectively.

The guaranteed refund component of advance fees is not amortized to income and is classified as refundable fees and deposits in the accompanying balance sheets.

Nonrefundable entrance fees are generally billed and collected in advance of move-in. Revenues collected from residents in advance are recognized as deferred revenue from entrance fees until the performance obligations are satisfied and are included in deferred revenues from advanced fee in the accompanying balance sheets. RiverMead applies the practical expedient in Accounting Standards Codification (ASC) 606 and therefore does not disclose amounts for remaining performance obligations that have original expected durations of one year or less.

Revenue from nonrefundable advance fees is recognized by amortizing the nonrefundable advance fee using the straight-line method over the annually adjusted, estimated life expectancies of the residents, which approximates the period of time the goods and services outlined in residence and care agreements are expected to be transferred to residents and RiverMead's performance obligations are to be satisfied. The unamortized portion of advance fees is classified as deferred revenues from advance fees in the accompanying balance sheets. Amortization of advance fees was $6,488,680 in 2025 and $5,928,100 in 2024.

Both the refundable and nonrefundable portion of advance fees are generally collected from residents in advance of move-in.

Contract Balances

Contract assets represent the RiverMead's right to consideration in exchange for goods or services that RiverMead has transferred to a resident when that right is conditioned on something other than the passage of time (for example, RiverMead's future performance). RiverMead does not have any contract assets. Contract liabilities represent RiverMead's obligation to transfer goods or services to a resident for which RiverMead has received consideration (or the amount is due) from the resident.

RiverMead's beginning and ending liabilities are separately presented on the balance sheets as of December 31, 2025 and 2024. Contracts liabilities as of December 31, 2023 are as follows:

d/b/a RiverMead

Notes to Financial Statements

December 31, 2025 and 2024

Income Taxes

RiverMead is a not-for-profit corporation as described in Section 501(c)(3) of the Internal Revenue Code (IRC) and is exempt from federal income taxes on its income under Section 501(a) of the IRC.

RiverMead accounts for uncertainty in income taxes using a recognition threshold of more-likely-than-not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is met. Management determined that there were no tax uncertainties that met the recognition threshold in 2025 or 2024.

Revenues and Gains in Excess of Expenses

The statements of operations includes the determination of revenues and gains in excess of expenses. Changes in net deficit without donor restrictions which are excluded from revenues and gains in excess of expenses, consistent with industry practice, include contributions of long-lived assets (including assets acquired using contributions which by donor restriction were to be used for the purposes of acquiring such assets).

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

2. Liquidity and Availability of Resources

The following reflects RiverMead's financial assets as of the balance sheets dates available for general use within one year:

RiverMead maintains investments, which serves to fund future projects and capital needs, provide liquidity for operations, to meet the New Hampshire Department of Insurance liquid reserve requirements and provide investment earnings. As assets in RiverMead's Investments are not intended for general expenditures within one year, they are not included in assets available for general expenditures within one year. However, funds in investments fund could be drawn upon if the governing body approves that action.

d/b/a RiverMead

Notes to Financial Statements

December 31, 2025 and 2024

As part of RiverMead's liquidity management plan a target balance has been determined for the amount of unrestricted cash to be held in RiverMead's operating account. Should the balance in RiverMead's operating account be anticipated to consistently be above this target, surplus funds may be transferred to investments and invested in accordance with RiverMead's investment policy.

The New Hampshire Insurance Department requires licensed Continuing Care Communities to maintain liquid reserves in an amount equal to 12 months' principal and interest payments plus that portion of two months' operating expenses which relates to life care residents. As of the balance sheets date, the New Hampshire Insurance Department liquid reserve requirement for RiverMead was approximately $8,979,000 at December 31, 2025 and $8,743,000 at December 31, 2024, which RiverMead satisfied with a combination of cash and cash equivalents and investments.

3. Fair Value Measurements, Investments and Assets Whose Use is Limited

RiverMead measures its investments and assets whose use is limited at fair value on a recurring basis in accordance with accounting principles generally accepted in the United States of America.

For financial instruments required to be measured at fair value on a recurring basis, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is measured using a hierarchy prioritizing the inputs used in determining valuations into three levels. The level within the fair value hierarchy is based on the lowest level input that is significant to the fair value measurement.

The levels of the fair value hierarchy are as follows:

Level 1 - Unadjusted quoted prices in active mark ets that are accessible to RiverMead for identical instruments.

Level 2 - Significant inputs, other than Level 1 inputs that are observable either directly or indirectly for substantially the full term of the instruments through corroboration with observable market data.

Level 3 - Significant unobservable inputs.

The following tables present financial instruments measured and disclosed at fair value at December 31, 2025 and 2024, by caption on the balance sheets:

Peterborough Retirement Community at Upland Farm, Inc.

d/b/a RiverMead

Notes to Financial Statements

December 31, 2025 and 2024

The following provides a reconciliation of the amounts included in fair value hierarchy to the amounts reported in the accompanying balance sheets at December 31:

Assets held in trust for benefit of residents are comprised of cash and cash equivalents at December 31, 2025 and 2024.

Exchange traded and mutual funds are valued at quoted market prices in active markets, which are considered Level 1 inputs.

The Community Development Financial Institution (CDFI) investment is a loan to New Hampshire Community Loan Fund, Inc. using donor-restricted assets and is valued at carrying value, which approximates fair value. The loan bears interest at 5% per annum with accrued interest being utilized for resident support in accordance with donor restrictions.

4. Property and Equipment

Property and equipment consist of the following at December 31:

5. Deferred Revenues From Advance Fees

Deferred revenues from advance fees consist of the following at December 31:

The Employee Retention Credit (ERC), which was included as part of the Coronavirus Aid, Relief and Economic Security (CARES) Act and amended by the Consolidated Appropriations Act (CAA), the American Rescue Plan Act (ARPA) and the Infrastructure Investment and Jobs Act (IIJA), incentivizes employers severely impacted by the COVID-19 pandemic to retain their employees when they might otherwise find it difficult to do so. The fully refundable tax credit is allowed against the employer's share of employment taxes for qualified wages paid after March 12, 2020 and before October 1, 2021. Credits in excess of the tax amounts paid by an employer are treated as overpayments and are also refunded to the employer. The ERC is calculated as a percentage of qualified wages (as defined in the CARES Act, as amended) paid by an eligible employer.

RiverMead averaged more than 100 full-time employees (FTEs), but less than 500 FTEs during 2019, therefore, it was considered a small employer during 2021. As a small employer in 2021, all of RiverMead's otherwise qualified wages were eligible. For 2021, the ERC equaled 70% of an employee's qualified wages up to $10,000 per employee per calendar quarter with a maximum annual credit of $21,000 for each employee. RiverMead applied for ERC credits totaling $2,763,495 and received $1,338,760 during 2025 and $1,344,735 during 2024 for the quarters ending March 31, 2021 and June 30, 2021.

d/b/a RiverMead

Notes to Financial Statements

December 31, 2025 and 2024

RiverMead accounts for this federal funding in accordance with Financial Accounting Standards Board (FASB) ASC 958-605 guidance for conditional contributions and, accordingly, revenues are measured and recognized when barriers are substantially met. RiverMead believes that it qualified for the ERC under the Internal Revenue Service's (IRS) eligibility requirements under the partial suspension provisions. However, given the subjectivity in the eligibility assessment, RiverMead did not recognize the ERC funds as revenue until the barriers were substantially met, or the statute of limitations expired. During 2025, the statute of limitations expired for the quarters ending March 31, 2021 and June 30, 2021 and accordingly, RiverMead recognized Employee Retention Credit revenue of $2,683,495 in the statement of operations. Rivermead also recognized interest income of $657,830 in connection with the ERC funds during 2025.

7. Long-Term Debt

Series 2013 Bonds

On December 23, 2013, the New Hampshire Health and Education Facilities Authority (the Authority) issued on behalf of RiverMead $13,550,000 tax-exempt revenue bonds (the Series 2013 Bonds). The proceeds from the Series 2013 Bonds were used to refund the outstanding balance of the Authority's Series 1998 Bonds. The Series 2013 Bonds are due in varying monthly installments through July 1, 2028. On December 23, 2013, a bank entered into a Bond Purchase Agreement (the Series 2013 Agreement) with RiverMead and the Authority to purchase all of the Series 2013 Bonds. The Series 2013 Agreement originally expired on December 1, 2023. On December 28, 2017, the bank owning the Series 2013 Bonds amended the Series 2013 Agreement to hold the bonds through their final maturity. The interest rate on the Series 2013 Bonds was 4.26% and 5.12% at December 31, 2025 and 2024.

Series 2017 Bonds

On December 28, 2017, the Authority issued on behalf of RiverMead $34,500,000 tax-exempt revenue bonds (the Series 2017 Bonds) consisting of $4,500,000 Series 2017A Bonds and $30,000,000 Series 2017B Bonds. The proceeds from the Series 2017 Bonds were used to finance an expansion and renovation project on RiverMead's current campus. The Series 2017A Bonds were fully drawn down in September of 2018 and the Series 2017B Bonds were fully drawn down in April of 2022. In 2019, the Series 2017A Bonds were fully repaid from proceeds from advance fees on newly constructed independent living units. Principal and interest payments of the Series 2017B Bonds are scheduled through January 1, 2046. On October 27, 2020, the bank owning the Series 2017 Bonds amended the Series 2017 Agreement to hold the bonds through October 1, 2030.

On December 28, 2017, a bank entered into a Bond Purchase Agreement (the Series 2017 Agreement) with RiverMead and the Authority to purchase all of the Series 2017 Bonds. In accordance with the terms of the Series 2017 Agreement, the 2017 Bonds bear interest, which is payable monthly, at a variable rate based on 79% of SOFR plus a credit spread as defined in the Series 2017 Agreement. The interest rate on the Series 2017 Bonds was 4.26% and 5.12% at December 31, 2025 and 2024.

2020 Taxable Loan and Series 2021 Bonds

On October 27, 2020, a bank issued a taxable loan to RiverMead (the 2020 Taxable Loan), the proceeds of which were used to fully defease all callable maturities of the Series 2011 Bonds as of the Series 2011 Bonds' call date. Also, on October 27, 2020, RiverMead and the bank entered into a Forward Purchase Agreement to provide RiverMead with an option to request the issuance of tax-exempt bonds (the Series 2021 Bonds) and the purchase of the Series 2021 Bonds by the bank. RiverMead exercised this option on April 2, 2021, which was not considered an advance refunding, as described in IRS Section 149(d)(5), of the Series 2011 Bonds.

Peterborough Retirement Community at Upland Farm, Inc.

d/b/a RiverMead

Notes to Financial Statements

December 31, 2025 and 2024

In accordance with the terms of the Series 2021 Bonds, interest is payable monthly at a variable rate based on 79% of SOFR plus a credit spread as defined in the loan agreement. The interest rate on the Series 2021 Bonds was 4.50% and 5.39% at December 31, 2025 and 2024, respectively. The bank's commitment to hold the Series 2021 Bonds currently expires October 1, 2030 and may be extended at the sole discretion of the bank. Principal and interest payments of the Series 2021 Bonds are scheduled through July 1, 2041.

Collateral

The Series 2013 Bonds, the Series 2017 Bonds and the Series 2021 Bonds are collateralized by a security interest in the gross receipts of RiverMead and are additionally collateralized by substantially all of RiverMead's assets. In addition to the aforementioned, RiverMead must meet all requirements of certain other various covenants under these long-term debt agreements.

RiverMead is subject to a Debt Service Coverage Ratio and Days Cash on Hand requirement in connection with these long-term debt agreements.

Long-Term Debt Summary

debt at December 31 is as follows:

Scheduled principal repayments on long-term debt are as follows:

d/b/a RiverMead

Notes to Financial Statements

December 31, 2025 and 2024

Derivative Financial Instruments

RiverMead entered into interest rate swap contracts to hedge the interest rate risk on variable interest rate debt. Under these interest rate swap contracts, RiverMead agreed to pay an amount equal to a specific fixed rate of interest times a notional principal amount and to receive in return an amount equal to a specified variable rate of interest times the same notional principal amount.

The first forward swap has a notional amount of $3,851,000 as of January 1, 2024 and completely hedges the interest rate on the outstanding principal of the Series 2013 Bonds until they are paid in full. The effective date of the first swap was January 1, 2024 and the termination date is July 1, 2028. The first swap converts the variable component of the Series 2013 Bond's rate of interest to a fixed rate of 2.14%. The notional amount was $2,809,000 as of December 31, 2025.

The second forward swap hedges the variable component of the rate of interest on the Series 2017 Bonds up to a notional amount of $30,000,000 based on the projected draw and subsequent amortization schedules of the Series 2017 Bonds. On October 20, 2020, RiverMead amended the second forward swap agreement to a) more closely align the notional amount of the swap with the underlying debt (the Series 2017 Bonds), b) convert the variable component of the Series 2017 Bond's rate of interest to a fixed rate of 1.88% and c) extend the termination date to October 1, 2030. The notional amount was $26,060,304 as of December 31, 2025.

On October 20, 2020, RiverMead entered into a third forward interest rate swap contract to completely hedge interest rate risk on the projected principal amount of the Series 2021 Bonds from the anticipated date of issuance through October 1, 2030. The third swap converts the variable component of the Series 2021 Bond's rate of interest to a fixed rate of 0.72%. The notional amount was $18,511,637 as of December 31, 2025.

The interest rate swaps are recorded on the balance sheets at fair value and were valued as an asset of $2,469,600 and $4,004,203 at December 31, 2025 and 2024, respectively. Net interest received related to the interest rate swaps amounted to $987,998 and $1,403,605 for the years ended December 31, 2025 and 2024, respectively, which is included in interest expense.

8. Net Assets

Net assets with donor restrictions are restricted for the following purposes at December 31:

Investments to be held in perpetuity, the income from which is expendable to support financial assistance and community projects

9. Functional Expenses

RiverMead provides residential living services and general healthcare services to its residents. Expenses related to providing these services are as follows for the years ended December 31:

and

The financial statements report certain expense categories that are attributable to more than one resident and healthcare service or general and administration function. Therefore, these expenses require an allocation on a reasonable basis that is consistently applied. Costs not directly attributable to a function, including depreciation and interest are allocated based on a square footage basis.

10. Concentration of Credit Risk

RiverMead maintains cash in bank deposit accounts, which may exceed federally insured limits. RiverMead has not experienced any losses from maintaining cash accounts in excess of federally insured limits. Management believes it is not subject to any significant credit risk on its cash accounts.

d/b/a RiverMead

Notes to Financial Statements

December 31, 2025 and 2024

11.Contingencies

Senior Living Services Industry

The senior living services industry is subject to numerous laws, regulations and administrative directives of federal, state and local governments and agencies. Compliance with these laws, regulations and administrative directives is subject to future government review and interpretation as well as regulatory actions unknown or unasserted at this time. Government activity continues to increase with respect to investigations and allegations concerning possible violations by healthcare providers of fraud and abuse statutes and regulations, which could result in the imposition of significant fines and penalties as well as significant repayments for resident services previously billed. Management is not aware of any material incidents of noncompliance; however, the possible future financial effects of this matter on RiverMead, if any, are not determinable.

Litigation

RiverMead periodically finds itself a defendant in legal suits that have developed in the normal course of business. RiverMead maintains professional liability insurance on a claims-made basis with limits of coverage which management believes to be adequate. No accrued claims liability has been recorded at December 31, 2025 and 2024. Although it is impossible to determine the ultimate resolution of matters that remain unresolved at this time, RiverMead believes that the matters will be resolved without significant negative financial impact.

RESIDENCE AND CARE AGREEMENT

Updated July 31, 2026

THIS CONTRACT DOES NOT PROVIDE YOU WITH ANY RIGHT TO RECEIVE THE FOLLOWING CARE: (i) LONG-TERM NURSING CARE REQUIRING 24-HOUR NURSING SUPERVISION OR SKILLED NURSING CARE; (ii) ACUTE CARE; OR (iii) ANY OTHER CARE OUTSIDE THE SCOPE OF OUR SUPPORTED RESIDENTIAL HEALTH CARE FACILITY LICENSE.

RIVERMEAD

I. INTRODUCTION

Peterborough Retirement Community at Upland Farm, Inc. (the “PROVIDER”), a New Hampshire non-profit corporation, operates a continuing care retirement community for individuals age 62 or older, known as RiverMead and located in Peterborough, New Hampshire (the “COMMUNITY”). PROVIDER seeks to provide quality continuing care to residents in well-designed surroundings and with services so that residents may enjoy an independent lifestyle, having the contentment of knowing that additional supported services and care are available if ever needed, all in accordance with NH RSA 420-D and the rules promulgated thereunder

The Provider’s Health Center, as described below, is licensed by the New Hampshire Department of Health and Human Services as a Supported Residential Health Care Facility pursuant to NH Administrative Rules He-P 805, et seq., and provides all levels of care within the scope of its license, including Assisted Living Care, Memory Support Care, Rehabilitation Services, Respite and Convalescent Care, and Long-Term Nursing Services not requiring 24-hour nursing supervision (collectively the “Health Center Services”).

This Residence and Care Agreement (the “Agreement”) is made between PROVIDER and (“RESIDENT” , or when two people are named in this Agreement, each of them, and the survivor of them). RESIDENT, having signed this Agreement, wishes to live at the COMMUNITY and to enjoy, consistent with the rights and welfare of other residents, the facilities, and services provided in the COMMUNITY as defined below.

This (Traditional, 50% Refundable or 90% Refundable) Agreement is made and entered into between PROVIDER and RESIDENT on ,20 , with an anticipated date of residency of , 20__ as a commitment by RESIDENT and PROVIDER to the terms and conditions set forth in this Agreement.

II. OBLIGATIONS OF THE PROVIDER

Beginning with the date (the “Residency Date”) on which RESIDENT is provided full access to, and use of, one of the living units (the "Living Accommodation”) in the COMMUNITY and is afforded all rights described in this Agreement, PROVIDER agrees to make the Living Accommodation available to RESIDENT for RESIDENT’S life, together with the facilities, services and Health Center Services provided in this Agreement. RESIDENT’S Living Accommodation and Residency Date will be documented on the Residency Date Confirmation Form attached as Schedule III (the “Residency Confirmation Form”) and incorporated into this Agreement by reference.

The Living Accommodation will include, but not be limited to, a complete kitchen with refrigerator, dishwasher, microwave, and a range with oven, any additional appliances as may be offered by PROVIDER in the Living Accommodation selected by RESIDENT, an emergency call system, a smoke detector, a sprinkler system, paint and flooring, window coverings, and such other furnishings, appliances, and amenities included with PROVIDER’s current renovation standards and/or required by applicable law. Any additional amenities or substitutions to the items normally offered in the Living Accommodations shall be at the expense of RESIDENT and be specifically set forth as an addendum to this Agreement.

If RESIDENT wishes to make upgrades to the Living Accommodation outside of PROVIDER’S current standard package, RESIDENT may make such request to PROVIDER pursuant to its current policies and procedures. Requests will be granted at PROVIDER’S sole discretion and all costs of any RESIDENT requested upgrades, including any costs to return the LIVING ACCOMODATION to PROVIDER’S then current standards, will be the responsibility of RESIDENT and collected from RESIDENT prior to any RESIDENT requested upgrades being initiated. All RESIDENT requested upgrades become property of PROVIDER and payments for any RESIDENT requested upgrades are non-refundable to RESIDENT.

III. DESCRIPTION OF FACILITIES AND SERVICES

A. Community Center

RESIDENT may use the dining rooms, lounges, lobbies, library, social and recreational facilities, and other public areas of the Community Center which PROVIDER has made available for the use and enjoyment of the residents of the COMMUNITY. Such use is subject to reasonable rules, established by the PROVIDER, which shall be applicable to all RESIDENTS.

B. Health Center

PROVIDER will supply the Health Center Services in the on-site Health Center when medically necessary without any increase in the then current monthly fee, except for the charge for two extra meals per day, laundry and other expenses not covered in this

Agreement. These additional costs will be billed to RESIDENT at a daily rate established by PROVIDER from time to time for all days or portion thereof that a room in the Health Center is occupied by RESIDENT. If accommodations are not immediately available in the on-site Health Center, PROVIDER will be responsible for paying for similar services at an off-site long term care facility. RESIDENT will be transferred back to the Health Center as soon as accommodations become available.

C. Ancillary Services

PROVIDER may offer ancillary healthcare services by staff of PROVIDER or auxiliary health care professionals to RESIDENTS in their Independent Living, Assisted Living, and Memory Support Living Accommodations at an additional charge. Some services may qualify for Medicare coverage, but PROVIDER does not participate in the federal Medicare or Medicaid programs. Ancillary Services may include the following:

1. Home Health

PROVIDER’S Home Health department may be contracted for additional services. Services may include laboratory services, assessments, wellness visits, companionship, organizational services, and pet care. Services are provided by LNAs, RNs, and Nursing Aides, depending on the nature of the services.

2.

Rehabilitation

PROVIDER offers on-site rehabilitation services including: physical therapy, occupational therapy, speech therapy, low-vision therapy, fitness services, and medical equipment evaluation and recommendations.

3.

Nurse Practitioner

RESIDENTS can schedule appointments with a Nurse Practitioner for visits in their Living Accommodations. The Nurse Practitioner can also be utilized as a Primary Care Practitioner for RESIDENTS who choose to do so.

4.

On-Site Dermatology

PROVIDER offers a full-service mobile dermatology group with the ability to diagnose, prescribe for, and treat dermatological conditions.

D. Food Services

1.

Meal Services

Two nutritionally balanced meals a day will be available at the Community Center. One meal a day is included in the Monthly Service Fee. RESIDENT may elect to take additional meals at the prevailing extra charge.

2. Tray Service

Tray service will be provided in the Living Accommodations during minor short-term illnesses of 14 days or less when approved by the PROVDER'S Director of Health Services or his/her designee for the one meal a day included in the Monthly Fee. If

additional meals and tray service are required, a charge will be incurred by RESIDENT for the additional meals not covered in the Monthly Fee.

3. Private Dining Room

Two private dining rooms are available for family gatherings or other special occasions for RESIDENT, subject to reservation and availability. Food Service can be provided in the Private Dining Room for an additional charge.

4. Guest Meals

Guest meals will be provided for guests of RESIDENT at the COMMUNITY. Fees for guest meals may be charged to RESIDENT and will be reflected on RESIDENT'S monthly statement.

E Housekeeping

Light Housekeeping services generally will be provided every other week at no additional charge in RESIDENT'S Living Accommodation. RESIDENT'S bed linens will be cleaned weekly at no additional charge. On an annual basis, heavy housekeeping service will be provided and shall include cleaning windows and moving furniture. RESIDENT is responsible for maintaining Living Accommodation in a clean and sanitary condition. Additional housekeeping services will be available to RESIDENT at an additional charge.

F. Maintenance

Furnishings, appliances, and other property and equipment supplied by the COMMUNITY will be repaired and maintained or replaced by the COMMUNITY. Repairs, maintenance, and replacement of Resident's personal property will be the responsibility of the Resident.

G Utilities

Sewer, water, electricity, heat and air conditioning, cable tv or similar media streaming service, internet and trash removal will be furnished at no additional cost to RESIDENT. RESIDENT is responsible for the cost of telephone service to the Living Accommodation.

H Grounds

Basic groundskeeping, including lawn service and common area gardens, will be furnished at no additional cost to RESIDENT.

I. Gardens

Ground floor residents and residents of cottages may plant flowers, greenery and other non-wild, non-food-bearing plants around their patio areas in dimensions determined by the COMMUNITY. A portion of the campus of the COMMUNITY will be designated for resident garden plots for the growing of vegetables and flowers. Residents may reserve these garden plots at no additional charge.

J. Local Transportation

PROVIDER will provide scheduled local transportation for residents to shopping centers, banks and other points of common interest, as well as individual trips to physicians, dentists, hospitals, and other health care providers within the local area of the COMMUNITY in the event other conveyance is unavailable and transportation is requested in advance at no additional cost to RESIDENT.

K. Activities

PROVIDER will provide a planned schedule of social, cultural, educational, recreational and religious activities. PROVIDER reserves the right to pass on to RESIDENT the costs incurred in providing programs which require special materials, admission fees, charter bus service or other outside expenses.

L Emergency Service

An emergency call system will be located within each Living Accommodation. Any emergency call received from a RESIDENT will be answered twenty-four hours a day, seven days a week.

M Storage Areas

A storage area, capable of being locked, will be available for use by RESIDENT of each apartment unit. Each cottage unit has a garage with extra space for storage.

N. Taxes

PROVIDER is responsible for any real estate taxes assessed to the COMMUNITY.

O Beautician/Barber Services

Beautician and Barber services will be available to RESIDENT in the COMMUNITY at an additional charge to RESIDENT.

P. Country Store

A Country Store will be available to RESIDENT during scheduled hours of operation. Purchases will be an additional charge to RESIDENT.

Q. Parking

Lighted and well-maintained parking areas will be available to RESIDENT at no additional charge. Covered parking on the Mead campus may be available to residents of an apartment at an additional charge.

IV. CARE IN THE HEALTH CENTER

The RESIDENT is entitled to receive Health Center Services in the Health Center as needed, without an increase in the then current Monthly Service Fee, except for the daily charge for additional meals and services described in Section III(B) above. RESIDENT will have the right to be treated, at his or her option and expense, by any physician of his or her choice. On or prior to the Residency Date, or in any event upon admission to the

Health Center, RESIDENT, if competent, or RESIDENT’S representative, if RESIDENT is not competent, shall designate such physician as RESIDENT'S attending physician and shall keep PROVIDER informed of any change. PROVIDER will not be responsible for the cost of physician services, including RESIDENT'S attending physician, or hospital services, nor will PROVIDER be responsible for the cost of private duty nursing, medicine, drugs, durable medical equipment, prescribed therapy, and the like. PROVIDER shall not be responsible for any service rendered outside the Health Center except as described in Section III(B) or Section IV(B). Transfer of RESIDENT to a hospital of his or her choice may take place at the request of RESIDENT or RESIDENT'S representative or when deemed to be medically necessary by the PROVIDER’s Director of Health Services or his/her designee after consultation with RESIDENT'S attending physician and RESIDENT or RESIDENT'S representative.

A. Health Center Services

1. Location of Services

Accommodations in the Health Center will be provided if RESIDENT’S health care needs cannot be adequately met in the Living Accommodation. If RESIDENT needs temporary or permanent Health Center Services, as determined by RESIDENT'S physician or PROVIDER'S Director of Health Services or his/her designee, then PROVIDER will provide the needed Health Center Services in the Health Center. RESIDENT'S private physician may attend to RESIDENT in the Health Center.

2. Temporary Basis

If RESIDENT needs Health Center Services on a temporary basis, as determined by RESIDENT'S physician and/or PROVIDER'S Director of Health Services or his/her designee, then RESIDENT will relocate temporarily to a Health Center accommodation RESIDENT will return to the Living Accommodation when the temporary Health Care Services no longer are needed.

3. Permanent Basis

If RESIDENT needs Health Center Services on a permanent basis, as determined by the Care Coordination Committee described below, then RESIDENT will relocate permanently to a Health Center accommodation and release the Living Accommodation as described in Paragraph 4 and in Section V(E) below. Thereafter, the term “Living Accommodation” as used in this Agreement will refer to RESIDENT’s Health Center accommodation where appropriate.

4. Care Coordination Committee

All decisions involving permanent transfer of RESIDENT to the Health Center will be made by a Care Coordination Committee consisting of at least PROVIDER’s Director of Health Services or other representative of the Health Center, Resident Services Director and/or designee, a nurse (Registered Nurse (RN) or higher) familiar with the condition and care of the RESIDENT, and RESIDENT or a personal representative of RESIDENT if so legally designated. The private physician of the RESIDENT will be involved as appropriate and requested by RESIDENT. If RESIDENT is (or in the case of double

occupancy both RESIDENTS are) permanently transferred to the Health Center, PROVIDER shall have the right to assign the Living Accommodation for residency to others.

B. Illness or Accident Away from the COMMUNITY

If RESIDENT suffers an accident or illness while away from the COMMUNITY, PROVIDER will have no responsibility to pay for RESIDENT'S medical, surgical, or hospital care incurred or resulting from such accident or illness. PROVIDER will be responsible to pay a licensed health facility an amount that shall not exceed PROVIDER'S current cost for providing a RESIDENT with care in the Health Center. RESIDENT shall return to the COMMUNITY as soon as medically possible, as determined by PROVIDER'S Director of Health Services in consultation with RESIDENT'S attending physician at the other health facility. After RESIDENT returns to the COMMUNITY, PROVIDER shall assume its responsibility to provide those services as deemed necessary by PROVIDER'S Director of Health Services and/or RESIDENT’S attending physician as provided in this Agreement. In the event RESIDENT suffers an accident or illness while away from the COMMUNITY, RESIDENT shall continue to pay the Monthly Service Fee.

C. Services Not Provided in the Community

The COMMUNITY is not licensed to care for persons who are afflicted with psychiatric, psychotic, contagious or dangerous condition or disease, or who require a ventilator, total parental nutrition (TPN), intravenous (IV) therapy, services associated with a new tracheostomy within thirty (30) days, and similar services customarily provided in an acute care facility. If PROVIDER'S Director of Health Services, Care Coordination Committee, or their designees determine that RESIDENT’S continued presence in the COMMUNITY poses a threat to self or others or is detrimental to the health or peace of RESIDENT or other residents, then PROVIDER may transfer RESIDENT to an institution of PROVIDER’S choosing and RESIDENT shall continue to pay the Monthly Service Fee. PROVIDER shall then be responsible to pay said institution an amount not to exceed the cost of caring for the RESIDENT in the Health Center of the COMMUNITY.

D. Medical Insurance to be Maintained by RESIDENT

RESIDENT will maintain, at RESIDENT'S cost, Medicare Part A and B and one supplemental health insurance policy acceptable to PROVIDER and shall furnish to PROVIDER such evidence of coverage as it may from time to time request to cover the cost of medical treatment for RESIDENT or for medicine, drugs, prescribed therapy and the like. RESIDENT shall be responsible for paying the cost of the before mentioned items that are not covered by insurance. PROVIDER does not participate in the Medicare or Medicaid programs, although some third party providers of ancillary services might participate and they will bill Medicare directly.

V. COST TO RESIDENT

A.

Entrance Fee

RESIDENT agrees to pay the COMMUNITY a First Person Entrance Fee of $_________________ (the “Entrance Fee” or the “First Person Entrance Fee”), a portion of which is refundable as described below, plus a non-refundable Second Person Entrance Fee of $ ____________ (if the Living Accommodation is to be occupied by two people). The Entrance Fee and Second Person Entrance Fee (if applicable) (collectively the “Total Entrance Fees”) are to be paid by RESIDENT as described in Paragraphs B and C below.

B.

Entrance Fee Deposit

RESIDENT agrees to pay Thirty Five Percent (35%) of the Total Entrance Fees, an amount of $ __ (the “Entrance Fee Deposit”), within seven (7) days of accepting an offer for a Living Accommodation. Any Wait List Deposit paid by RESIDENT will be credited to the Entrance Fee Deposit.

C. Payment of Balance of Entrance Fees

The balance of the Total Entrance Fees, an amount of $_________ , is to be paid prior to the Residency Date, but in no event later than sixty (60) days following the date on which RESIDENT accepted PROVIDER’s offer of the Living Accommodation and paid the first monthly service fee (the “Acceptance Date”), which due date is _________, 20__ unless this time is extended in writing by PROVIDER in its discretion.

D. Monthly Service Fee

On the Acceptance Date, RESIDENT shall pay to the COMMUNITY the first Monthly Service Fee in an amount determined by PROVIDER based on the size of the Living Accommodation and the number of persons who reside in the Living Accommodation. Subsequent Monthly Service Fees shall be due on, and paid no later than, the tenth (10th) day of each month during the term of this Agreement. An additional late payment service charge of 2% will be added to Monthly Service Fee payments for each month such payment is not received when due. The Monthly Service Fee shall be prorated for any partial month in which Resident begins or ends occupancy at the COMMUNITY. The Monthly Service Fee may be adjusted by PROVIDER from time to time to reflect changes in the cost to PROVIDER of achieving the COMMUNITY’S purposes. PROVIDER agrees that, in the exercise of its sole discretion, which shall be binding on RESIDENT, it will endeavor to maintain the Monthly Service Fee at the lowest feasible figure which in the judgment of PROVIDER is consistent with sound financial operation and maintenance of the quality of service the COMMUNITY was designed to provide. RESIDENT will be notified in writing of any Monthly Service Fee adjustment at least sixty (60) days in advance. In addition to adjusting the Monthly Service Fee from time to time, PROVIDER will maintain reserve funds required by New Hampshire law and shall maintain other reserve funds, which are specifically dedicated to the support and financial security of the COMMUNITY.

The present Monthly Service Fee is $_________ per month for single occupancy plus an additional $____________per month for double occupancy of a Living Accommodation.

E. Change of Accommodation

1. Permanent Transfer to Health Center or Other Health Care Facility

PROVIDER will declare RESIDENT'S Living Accommodation vacant if RESIDENT has been permanently transferred to the Health Center or another health care facility. RESIDENT will be charged the current appropriate Monthly Service Fee the RESIDENT would pay for the Living Accommodation vacated plus an additional monthly charge for the additional services provided in the Health Center, as described in Section III(B) above. No refund of any portion of the Entrance Fee will be due or made as a result of the transfer.

2.Relocation from Health Center Back to Living Accommodation

Following permanent transfer to the Health Center, in the event RESIDENT should recover and be able to live independently in the Living Accommodation, PROVIDER will, as soon as possible, provide to RESIDENT a Living Accommodation similar to that previously occupied. RESIDENT shall be charged the current Monthly Service Fee for the Living Accommodation previously vacated or the Monthly Service Fee for the new Living Accommodation, whichever is smaller.

3.Transfer of One of Two RESIDENTS Sharing a Living Accommodation

If two RESIDENTS occupy a Living Accommodation and one of them is permanently transferred to the Health Center or another health care facility, they will be charged the Monthly Service Fee that they would have been charged had both of them remained in their Living Accommodation plus the additional Health Center monthly charge described above. Neither RESIDENT will be due or receive a refund of any portion of the Entrance Fee at the time of transfer.

4. Transfers Between Living Accommodation

If a single RESIDENT chooses, or two RESIDENTS sharing a Living Accommodation choose, to move to a different Living Accommodation, then RESIDENT will be permitted to do so, subject to availability and PROVIDER’s determination in accordance with its then current policy on changes between Living Accommodations Commencing with the date of the move, RESIDENT will pay the then current Monthly Service Fee for the new Living Accommodation.

If the total current Entrance Fee(s) for the new Living Accommodation is/are greater than the total Entrance Fee(s) previously paid by RESIDENT, then RESIDENT will provide an additional Entrance Fee which represents the difference between the Entrance Fee(s) RESIDENT has/have already paid and the then current Entrance Fee(s) required for the larger Living Accommodation at the time of transfer. Current Entrance Fee(s) for the unit being moved into will include both first- and second-person Entrance Fee amounts, as applicable, and will be consistent with the original refundability type selected upon execution of this Agreement.

No refund of any portion of the Entrance Fee will be due or made as a result of the transfer.

5. Other Conditions of Transfer in Independent Living Accommodation.

If RESIDENT asks to move to a different Living Accommodation and PROVIDER approves such move, such move shall not terminate the Residence and Care Agreement, but RESIDENT shall execute an amendment to the Agreement and pay the then applicable Monthly Fee for the newly occupied Living Accommodation and shall pay the difference between the Entrance Fee paid and the then applicable Entrance Fee for the newly occupied Living Accommodation, if higher, as outlined above.

If lower, RESIDENT will not be entitled to a refund of the difference between the amount paid and the then applicable Entrance Fee of the newly occupied Living Accommodation.

Upon transfer to another Independent Living Accommodation, RESIDENT agrees to pay a fee, as determined by PROVIDER, for renovation of the Independent Living Accommodation RESIDENT is vacating. This fee shall consist of payment of one additional month’s monthly service fee for RESIDENT at the current rate for the Living Accommodation being vacated, the costs associated with bringing the Independent Living Accommodation being vacated in line with the COMMUNITY’s then current standard layout, furnishings and fixtures for that type of Living Accommodation and any other charges as determined by PROVIDER.

If RESIDENT is transferred permanently to the Health Center (Assisted Living or Memory Support) within two (2) years of having moved to an Independent Living Accommodation with a lower monthly service fee, RiverMead will adjust RESIDENT’s Monthly Service Fee back to the then current monthly service fee the Resident would have been paying in the vacated Independent Living Accommodation.

6. Provider Required Transfer in Living Accommodation

PROVIDER reserves the right, at its sole discretion, to require RESIDENT to move to a Health Center or Independent Living Accommodation of similar size and condition if PROVIDER reasonably determines that RESIDENT’s Living Accommodation needs to be vacated to permit repairs or renovations thereto, or needs to be modified of reconfigured to accommodate new or different use of the Living Accommodation, or as a result of any other circumstances reasonably determined by PROVIDER to justify such transfer.

PROVIDER will provide reasonable notice of not less than sixty (60) days to allow time for RESIDENT to prepare for the move. PROVIDER also will arrange for the prompt and convenient moving of RESIDENT’s belongings and personal furnishings at PROVIDER’s expense. PROVIDER will ensure that the finishings, fixtures, and other features of the new Living Accommodation are similar to those of Living Accommodation being vacated. No additional Entrance Fee payments will be required of RESIDENT for any moves required by PROVIDER. RESIDENT’s Monthly Service Fee will remain at the rate of the previous Living Accommodation until termination of RESIDENCE AND CARE

AGREEMENT or at which time Resident changes Living Accommodation as outlined in Section V(E).

VI. CONDITIONS OF RESIDENCY

A. Resident's Right of Occupancy

RESIDENT'S right to occupy the Living Accommodation at the COMMUNITY shall exist and continue during RESIDENT'S lifetime for so long as RESIDENT complies with the terms of this Agreement, unless the Agreement is terminated in accordance with the provisions of Sections VII and VIII below. Resident's right of occupancy under this Agreement is not assignable and no such rights or benefits under this Agreement shall inure to the representatives of RESIDENT.

B. Demise of RESIDENT Sharing Living Accommodation

In the event of the death of one of the RESIDENTS in a Living Accommodation with double occupancy, there will be no change in the surviving RESIDENT'S Living Accommodation and the Monthly Service Fee shall be reduced to the single occupancy rate.

C. Occupancy of Living Accommodation by RESIDENT Only

No one other than the RESIDENT named in this Agreement shall have a right of occupancy in the Living Accommodation without the express written consent of the PROVIDER’s CEO unless otherwise permitted pursuant to guest policies established by PROVIDER.

D. Accident Caused by RESIDENT

PROVIDER shall not be liable for any claims, damages or expenses, including attorneys’ fees and court costs, resulting from any injury or death to persons and any damages to property caused by, resulting from, attributable to or in any way connected with the negligent or intentional act or omission of RESIDENT. Resident is advised to obtain liability insurance to cover such situations.

E. Removal of RESIDENT'S Property Upon Termination of Residency

RESIDENT or RESIDENT'S estate will be responsible for promptly removing all of RESIDENT'S furniture, possessions and property from the Independent Living Accommodation. If removal of RESIDENT'S property is not accomplished within thirty (30) days after termination of residency for any reason, PROVIDER may remove and store such furniture, possessions and property at the expense of RESIDENT or RESIDENT'S estate. PROVIDER will bill RESIDENT or RESIDENT’S estate for all days RESIDENT’s furniture, possessions or property remain in the Independent Living Accommodation or in storage during or following the expiration of the 30-day period.

RESIDENT or RESIDENT'S estate will be responsible for promptly removing all of RESIDENT'S furniture, possessions and property from the Health Center Living Accommodation, if applicable If removal of RESIDENT'S property is not accomplished

within fourteen (14) days after termination of residency in the Health Center for any reason, PROVIDER may remove and store such furniture, possessions and property at the expense of RESIDENT or RESIDENT'S estate. PROVIDER will bill RESIDENT or RESIDENT’S estate for all days RESIDENT’s furniture, possessions or property remain in the Health Center Living Accommodation or in storage during or following the expiration of the 14-day period.

F. Responsibility of Protection of RESIDENT’S Property

Furnishings within the Living Accommodation shall be provided by RESIDENT, except as stated in Section II. Furnishings provided by RESIDENT shall not interfere with the health, safety and general welfare of other residents. PROVIDER shall not be responsible for the loss of any property belonging to RESIDENT or RESIDENT’S estate due to theft, disappearance, fire or any other cause, unless the care of said property is specifically accepted in writing by PROVIDER. RESIDENT shall be required, at his or her expense, to provide insurance sufficient to protect against such loss.

G. Rights to Real and

Personal Property

The rights and privileges granted to RESIDENT by this Agreement do not include any right, title or interest in, or to any part of, the personal property, land, buildings or improvements (including upgrades to the Living Accommodation requested and paid for by RESIDENT) owned or administered by PROVIDER. The right of RESIDENT hereunder is only a right to occupy.

H. Appointment of Legal Guardian

If RESIDENT becomes unable to properly care for himself/herself or his/her property and if RESIDENT has made no other designation of a person or legal entity to serve as guardian or power of attorney or the person so designated by RESIDENT is unavailable or cannot be communicated with in spite of good faith efforts, then RESIDENT authorizes PROVIDER to initiate legal guardianship proceedings as provided by law at RESIDENT'S expense. No employee or board member of PROVIDER or employee of any firm providing management services to PROVIDER or member of their families will be eligible to become attorney-in-fact or guardian of RESIDENT.

I. Responsibility of Resident to Maintain the Living Accommodation

RESIDENT will maintain the Living Accommodation in a clean, sanitary and orderly condition so that the Living Accommodation, when surrendered, shall be in as good a condition as at the commencement of occupancy, normal wear and tear excepted.

J. Residents' Bill of Rights; Residents’ Council

PROVIDER has adopted the Residents’ Bill of Rights attached as Schedule IV. RESIDENT will have the right to exercise RESIDENT’s rights under the Resident Bill of Rights without impediment or retaliation by PROVIDER. The residents of PROVIDER have formed an elected Residents' Council, the members of which are chosen by the Residents. The Residents' Council acts in an advisory capacity to the Staff of the COMMUNITY and serves to facilitate the exchange of ideas between Residents and Staff.

The management of the COMMUNITY and CEO will hold regular meetings with Residents for the purpose of free discussion of policies, programs, services, financial matters, etc.

K. General Facility Regulations

RESIDENT agrees to comply with COMMUNITY’S rules and regulations as set forth in the Resident Handbook, which will cover such things as use of public areas, normal operating hours of activity areas, behavioral expectations for the protection of COMMUNITY’s residents and staff and for the peaceful enjoyment of COMMUNITY by others, and similar items for the well-being of all RESIDENTS. Change of these day-today operating rules and regulations not specifically covered by this Agreement will be made only after consultation with Residents' Council officers and adequate notice given to RESIDENTS to ensure the health, safety and welfare of all RESIDENTS. The Resident Handbook, and all of COMMUNITY’ rules and regulations are incorporated into and made a part of this Agreement by reference.

L. Responsibilities of Residents and Community for Repair and Maintenance

PROVIDER will perform and provide necessary repairs, maintenance and replacement of the COMMUNITY structure and building equipment. Repairs, maintenance and replacement of the property of RESIDENT will be the responsibility of RESIDENT.

M. Structural Changes in the Living Accommodation

Any structural or other physical change of any kind to the Living Accommodation may be made only upon the written approval of PROVIDER, the task to be accomplished using materials and workers approved and supervised by PROVIDER. The cost of any change requested by RESIDENT will be borne by RESIDENT unless otherwise agreed to in writing by PROVIDER. The approval of any change requested by RESIDENT will be conditioned upon the agreement by RESIDENT to bear the expense of the later restoration of the Living Accommodation to its original condition, unless otherwise approved in writing by PROVIDER.

N. Policy Concerning Pets

RESIDENT shall have the right to maintain in the Living Accommodation certain small domestic pets, as approved in advance by PROVIDER’s management personnel and in accordance with PROVIDER’s then current policies and procedures. No pet shall be allowed to be a nuisance to other Residents and must be properly cared for at all times. Pets are not permitted in the common areas or in RiverMead vehicles.

O. Guest Privileges

RESIDENT has the right to have guests visit the Living Accommodation, but such visits shall be limited to eight (8) consecutive days, unless special permission is granted by PROVIDER'S CEO. Guests must abide by all policies of PROVIDER, including its Guest Policy, which may be revised at PROVIDER’s sole discretion to best meet the needs of the COMMUNITY. Visiting children must be carefully supervised as RESIDENT must

respectfully consider other Residents in the COMMUNITY. The only charge for such guests is for meals that they consume in the Dining Room.

P. Telephone Responsibility of Resident

RESIDENT may install a telephone in RESIDENT'S Living Accommodation at RESIDENT'S own expense. RESIDENT is responsible for paying the charges for such services to the provider of the service.

Q. Change in Laws

If changes are made to any of the statutes or regulations applicable to this Agreement, PROVIDER shall have the right to modify this Agreement to conform to changes in the law.

R. Marriage of RESIDENT

1. To a Non-Resident

If RESIDENT marries, the spouse must meet PROVIDER’s residency requirements then in effect. PROVIDER may amend the RESIDENCE AND CARE AGREEMENT of the current RESIDENT to include the spouse. Upon execution of this amendment, the then current Additional Monthly Service Fee and Entrance Fee for a second person shall be applicable.

If the spouse does not meet the then current requirements for residency, the spouse may not live in the Living Accommodation but may periodically visit the Living Accommodation. Such visits shall be limited to eight (8) consecutive days, unless special permission is granted by PROVIDER'S CEO. Guests must abide by all policies of PROVIDER, including its Guest Policy, which may be revised at PROVIDER’s sole discretion to best meet the needs of the COMMUNITY. Under these circumstances, RESIDENT may elect to terminate this Agreement as provided in Section VII.

Additionally, RESIDENT spouses not covered under a RESIDENCE AND CARE AGREEMENT may not receive services from PROVIDER (except with the express approval of PROVIDER).

2. To Another Resident

If RESIDENT marries another RESIDENT, the RESIDENT giving up his/her Living Accommodation shall receive a refund based upon the policy governing voluntary termination as provided in Section IX.

VII. TERMINATION BY RESIDENT

A. This Agreement may be rescinded by RESIDENT, without penalty, by written notice to PROVIDER given within fifteen (15) days from the date of its execution by RESIDENT. If RESIDENT properly rescinds within this period, PROVIDER shall refund to RESIDENT within 15 days of receipt of written notice of rescission, without interest: (i) the Entrance Fee Deposit paid by RESIDENT under Section V(B) above, and (ii) the

first month’s Monthly Service Fee paid by RESIDENT upon acceptance of PROVIDER’s offer of the Living Accommodation. A form of rescission notice is attached as Schedule II.

B. Prior to residency in the COMMUNITY, in the event of (i) death of RESIDENT, or (ii) the inability of RESIDENT to occupy a Living Accommodation because of injury, illness or other incapacity which would make it inappropriate to accept residency, this Agreement shall terminate and PROVIDER shall refund, within forty-five (45) days of receipt of written notice, (1) the Entrance Fee Deposit paid to PROVIDER by RESIDENT and (2) the first month’s Monthly Service Fee paid by RESIDENT upon acceptance of PROVIDER’s offer of the Living Accommodation. RESIDENT will not owe any additional amounts to PROVIDER. In the event a second person is a party to this Agreement, RESIDENT shall, in the event of the death or inability of the second person to occupy a Living Accommodation because of injury, illness or other incapacity which would make it inappropriate to accept residency, have the option to leave this Agreement in force or to terminate this Agreement under this Section VII(B). If RESIDENT decides to leave this Agreement in force and move to the COMMUNITY as a single person, PROVIDER will refund, within forty-five (45) days of receipt of written notice, the Second Person Entrance Fee Deposit.

C. After the expiration of fifteen (15) days from the date of execution of this Agreement by Resident and before the Living Accommodation selected by RESIDENT is available for occupancy, RESIDENT may terminate this Agreement for reasons other than those specified in Section VII(B) above. PROVIDER shall refund to RESIDENT the amount of the Entrance Fee Deposit heretofore paid to PROVIDER by RESIDENT in accordance with Section V, no later than forty-five (45) days after a new resident has signed an Agreement and the latter of the following has occurred: (i) the new resident paid the applicable Entrance Fee Deposit for a Living Accommodation of the type reserved by RESIDENT; and (ii) the rescission period applicable to the new resident’s Agreement has expired.

D. If the Living Accommodation is ready for residency and RESIDENT fails to occupy the Living Accommodation within (60) days of the Acceptance Date (unless a written extension is granted by PROVIDER), this Agreement shall be automatically extended and the Monthly Service Fee will be payable in accordance with Section V(D) unless RESIDENT terminates this Agreement pursuant to Section VII(C) or PROVIDER terminates this Agreement pursuant to Section VIII.

E. After the Residency Date, RESIDENT, if he or she is competent, or, if he or she is not competent, RESIDENT'S representative, may terminate this Agreement at any time during which RESIDENT has been transferred to an appropriate hospital or other facility pursuant to Section IV hereof. Prior to termination of this Agreement pursuant to this Subsection, RESIDENT or RESIDENT'S representative shall give PROVIDER thirty (30) days written notice and shall pay the Monthly Service Fee until the expiration of such

time. RESIDENT shall be entitled to a refund of a portion of the Entrance Fee in accordance with the terms of Section IX.

F. After the Residency Date, RESIDENT may terminate this Agreement for any reason other than the circumstances described in Section VII(E) above, provided only that RESIDENT shall give the PROVIDER ninety (90) days advance written notice, and shall pay the Monthly Service Fee until the expiration of such time.

RESIDENT shall be entitled to a refund of a portion of the Entrance Fee in accordance with the terms of Section IX.

G. If, after becoming RESIDENTS of the COMMUNITY, joint RESIDENTS of a single Living Accommodation decide to separate or divorce, the RESIDENTS could request several alternative living arrangements. Those alternatives and the conditions associated with each follow:

1. Both Residents request continued residence at the COMMUNITY, with one continuing to occupy the Living Accommodation and one moving to another Living Accommodation. In such case, the RESIDENT occupying the new Living Accommodation shall apply for admission and execute a new Residence and Care Agreement. The RESIDENT occupying the new Living Accommodation will pay the then applicable Entrance Fee, less a credit for the Second Person Entrance Fee previously paid. Both RESIDENTS will pay the then applicable Monthly Fee for the living accommodation they occupy.

2. One RESIDENT decides to leave the COMMUNITY. In such case, the remaining RESIDENT will pay the then applicable Single Person Monthly Fee and there shall be no Entrance Fee refund at that time.

3. Both RESIDENTS decide to leave the COMMUNITY. In such case, the standard refund provisions of this Agreement as set forth in Section IX shall prevail.

H. If, after becoming RESIDENTS of the COMMUNITY, one RESIDENT of a jointly occupied Living Accommodation dies and the survivor continues to occupy the Living Accommodation, the survivor shall pay the then applicable Single Person Monthly Fee. There shall be no refund of the Entrance Fee at that time.

VIII. TERMINATION BY PROVIDER

PROVIDER may terminate this Agreement only upon at least sixty (60) days’ written notice and only upon the occurrence of any of the following events (called an "Event of Termination”).

A. Termination of the Agreement is necessary for the RESIDENT’s welfare.

B. The health or safety of RESIDENT or of other RESIDENTS of the COMMUNITY is endangered by RESIDENT’s continued presence in the Community.

C. Failure of RESIDENT to pay the balance of the Entrance Fee, any Monthly Service Fee or other charges when due, unless paid in full within the 60-day notice period or a mutually satisfactory written arrangement is made as identified in Section X(B).

D. RESIDENT’s violation of any other provision of the Agreement, including but not limited to Resident’s covenants, obligations, representations and warranties contained in this Agreement, and COMMUNITY’s policies and procedures incorporated into this Agreement by reference (See Section VI(K) above).

If RESIDENT corrects such Event of Termination within sixty (60) days from the date of actual notice, then this Agreement shall not be terminated unless an Event of Termination arises in the future, in which case the process described in this Section VIII must be followed again.

If RESIDENT fails to correct an Event of Termination within the notice/correction period described above, then this Agreement shall terminate at the expiration of the applicable correction period.

Notwithstanding the foregoing, PROVIDER may terminate this Agreement upon less than sixty (60) days’ but reasonable notice by written determination, made by at least two (2) doctors, one of whom is not an employee or associated with the COMMUNITY, that RESIDENT is a danger to himself or others while remaining in the COMMUNITY, or that other exigent circumstances exist

The written determination shall state: (i) that the determination is made in good faith; (ii) the reasons supporting the determination that RESIDENT is a danger to himself/herself or others or other similar exigent circumstances; (iii) the basis for the conclusion that there is no less restrictive alternative to dismissal, discharge or cancellation, as the case may be, for abating the dangerousness of RESIDENT or other exigent circumstance, and (iv) the basis for the conclusion that the danger is such that a notice period of less than sixty (60) days is appropriate and reasonable. Each of RESIDENT and PROVIDER shall have the right to obtain a second medical assessment at their own expense prior to RESIDENT's removal from the COMMUNITY or the filing of an action for termination in a court of competent jurisdiction.

In the event of termination by PROVIDER, RESIDENT’S refund, if any, will be calculated in the manner set forth in Section IX.

IX. REFUND OF ENTRANCE FEE

A. If RESIDENT dies or terminates residency at the COMMUNITY, RESIDENT or RESIDENT’S designee shall be entitled to a refund equal to the First Person Entrance

Fee paid, less 4% for the first month of residency and 2% per month for each additional month of residency until the refund is reduced to the Minimum Refundable Amount of the First Person Entrance Fee paid as determined by the contract type outlined in Schedule I – Residency and Payments Schedule.

For the contract type selected in Section I, the minimum refund of the First Person Entrance Fee is as follows:

Contract Type

Traditional Contract

50% Refundable Contract

90% Refundable Contract

Minimum Refundable Amount

0% of the First Person Entrance Fee

50% of the First Person Entrance Fee

90% of the First Person Entrance Fee

No portion of the Second Person Entrance Fee shall be refundable, except during the 15-day right of rescission period.

B. The refund shall also be minus all amounts due to the COMMUNITY for unpaid Monthly Fees and any late payment service charges, advances made by the COMMUNITY pursuant to Section X, and any other amounts due to the COMMUNITY such as storage fees. No portion of the Second Person Entrance Fee is refundable. The COMMUNITY will make the refund no later than 45 days after a new resident pays the then applicable Entrance Fee for the Living Accommodation vacated by RESIDENT. In the case of joint occupancy of a Living Accommodation, no refund will be made until both RESIDENTS have died or terminated residency at the COMMUNITY. No refund will be made upon transfer of a RESIDENT or RESIDENTS, in the case of joint occupancy of a Living Accommodation, to the Health Center on a temporary or permanent basis.

C. If RESIDENT suffers from hardship as defined, from time to time, in the New Hampshire Insurance Department's rules promulgated under NH RSA 420-D, and terminates this Agreement, the refund of the Entrance Fee as determined pursuant to Section IX. A. above, shall be returned to the RESIDENT not later than 12 months from the date of termination if occupancy at the COMMUNITY is 80% or greater, and not later than 24 months from the date of termination if occupancy at the COMMUNITY is less than 80%. In the event of dispute as to the existence of hardship, the COMMUNITY shall provide RESIDENT with written notice of the grounds for denial and include the statement required by such rules regarding the availability of and contact information for the Consumer Service Division of the New Hampshire Insurance Department.

X. COVENANTS OF PROVIDER

A. PROVIDER covenants and agrees that it is and shall be the declared intent and policy of PROVIDER not to terminate the residency of RESIDENT solely by reason

of the financial inability of RESIDENT to pay the total Monthly Service Fee if such inability is not caused by RESIDENT’s transfer of its assets to third parties or RESIDENT’s negligent expenditure of his/her assets. If RESIDENT is unable to meet the financial obligations to PROVIDER, RESIDENT agrees to liquidate personal assets in order to meet said obligations. RESIDENT will also provide to PROVIDER financial information which will justify that the Resident is unable to pay the total Monthly Fee. When RESIDENT establishes facts to justify the need for financial assistance, PROVIDER will, if it can do so and without impairing the ability of the COMMUNITY to operate on a sound financial basis, subsidize RESIDENT'S monthly Service Fee. In the event financial assistance is granted, RESIDENT shall be liable to PROVIDER for the full amount of the subsidy received by RESIDENT which will be charged first against RESIDENT'S refundable portion of the Entrance Fee and, to the extent of any deficiency amount if thereafter, shall be due and payable at such time as RESIDENT has sufficient funds therefore, and otherwise should be due and payable from and enforceable against RESIDENT'S estate. In the case of PROVIDER subsidizing RESIDENT'S Monthly Service Fee, PROVIDER reserves the right to require RESIDENT to transfer to a smaller living accommodation when available, in order to reduce the Monthly Service Fee.

B. PROVIDER will honor RESIDENT’s rights under the Resident Bill of Rights and allow RESIDENT to exercise those rights without impediment or retaliation by PROVIDER.

C. PROVIDER will prepare and maintain a disaster recovery plan designed to allow for the continuation of PROVIDER’s services to residents to the extent reasonably feasible following a disaster or other significant unanticipated event. The disaster recover plan will be made available to the COMMUNITY’s residents for review.

XI. COVENANTS OF RESIDENT

RESIDENT covenants and agrees:

A. To comply with all present and future rules adopted by PROVIDER for the convenience, comfort and safety of all Residents of the COMMUNITY.

B. To promptly pay PROVIDER all payments as provided in and required by this Agreement.

C. To seek to maintain the ideals set forth in Section I of this Agreement.

D. To complete such forms as may be requested by PROVIDER as required for insurance, regulatory and other purposes which may require disclosure of personal data and information about RESIDENT.

E. Not to impair RESIDENT’S ability to meet financial obligations of RESIDENT under this Agreement, by transferring assets without fair consideration.

F. To abide by all other terms of this Agreement.

XII. REPRESENTATION AND WARRANTIES OF PROVIDER

PROVIDER represents and warrants that PROVIDER has full authority to enter into this Agreement.

XIII. REPRESENTATIONS AND WARRANTIES OF RESIDENT

A. RESIDENT represents and warrants to PROVIDER that all facts stated on any forms or applications submitted by RESIDENT or on behalf of RESIDENT to PROVIDER are true and complete and are the basis for residency.

B. RESIDENT represents and warrants to PROVIDER that RESIDENT has not made a gift or loan of RESIDENT'S property in contemplation of execution of this Agreement.

XIV. MISCELLANEOUS

A. This Agreement contains all the representations and agreements made by the parties for the purposes set forth in Section I. Agreements or representations not contained in this Agreement shall be unenforceable unless they are set forth in writing and executed by PROVIDER and RESIDENT or as set forth in the Resident Handbook.

B. The invalidity of all or any part of any restriction, condition or other provision of this Agreement shall not impair or affect in any way the validity or enforceability of the rest of this Agreement. Likewise, the failure of any party to meet his/her obligations under any one or more of the Sections of this Agreement, with the exception of the satisfaction of the conditions precedent, shall in no way void or alter the remaining obligations of the parties.

C. It is expressly understood and agreed by the parties that this Agreement does not transfer nor grant to RESIDENT any interest in real or personal property owned by PROVIDER.

D. This Agreement shall he construed and enforced under the laws of the State of New Hampshire.

E. This Agreement has been executed on behalf of PROVIDER by its duly authorized agent, and no officer, trustee, agent, or employee of PROVIDER shall have personal liability under this Agreement to RESIDENT under any circumstances.

F. PROVIDER reserves the right to establish different Entrance Fee amounts, and Monthly Service Fees for persons assuming residence at the COMMUNITY after the date of this Agreement.

.

G. PROVIDER recognizes RESIDENT’S right to privacy and its responsibility to limit entrance to the Living Accommodation to legitimate emergencies and to notify RESIDENT of scheduled work in advance.

H. RESIDENT recognizes and accepts the right of PROVIDER to enter RESIDENT'S Living Accommodation in order to carry out the purpose and intent of this Agreement. Such right of entrance shall be for the purpose of:

1. Performance of scheduled housekeeping duties.

2. Response to any medical alert system.

3. Response to the fire alert system.

4. Entrance if RESIDENT is reported missing or as not having respond to calls.

5. Scheduled or emergency maintenance.

I. It is understood that any authority or responsibility given by this Agreement to PROVIDER'S CEO or Director of Health Services may be delegated by him/her to any one or more other members of PROVIDER'S staff.

J. RESIDENT agrees to provide PROVIDER with the following information at the time of occupancy: name and address of attorney or executor; a person designated as RESIDENT'S personal representative to assist in matters requiring decisions concerning RESIDENT; persons to be notified in case of emergency.

K. RESIDENT agrees to execute a durable power of attorney to carry out the terms of this Agreement on RESIDENT'S behalf in the event of the incapacity of RESIDENT to act in his/her own behalf. A copy of said power of attorney will be made available to PROVIDER and filed in the Office of the Director of Resident Services.

L. PROVIDER shall have the right to adopt policies, procedures, and rules regarding residence consistent with the provisions of this Agreement. RESIDENT agrees to observe the rules and regulations adopted by PROVIDER.

M. The COMMUNITY’S Residents will be members of the Residents’ Association, which will elect a Residents’ Council from among the RESIDENTS.

N. PROVIDER may enter into agreements with other RESIDENTS or nonresidents which may contain terms different from those contained in this Agreement. Despite such difference, this Agreement alone sets forth RESIDENT’S rights and obligations with respect to RESIDENT'S care and residence at the COMMUNITY. RESIDENT shall have no right to determine the admission, terms of admission, placement

or dismissal of any other RESIDENT and RESIDENT shall not be deemed the third party beneficiary of any agreement between PROVIDER and any other RESIDENT or nonresident.

O. The failure of PROVIDER in any one or more instances to insist upon strict performance, observance or compliance by RESIDENT with any terms or provisions of this Agreement shall not be construed to be a waiver of its right to insist upon strict compliance by RESIDENT with all of the terms and provisions of this Agreement.

XV. DISCLOSURE STATEMENT

A. RESIDENT acknowledges that he (she) (they) has (have) received at least 24 hours before signing this Agreement and read, the RiverMead Disclosure Statement (the "Disclosure Statement”) dated __________, which includes a copy of this Agreement, a copy of the Resident Bill of Rights, and a fee schedule.

B. Descriptions of the health and financial conditions required for an applicant to be accepted as a RESIDENT are set forth in the Disclosure Statement, which descriptions are incorporated herein by reference. After occupancy by RESIDENT of a Living Accommodation, PROVIDER is obligated to permit continued residency by RESIDENT unless the Agreement is terminated in accordance with Section VII or VIII. Reference is also made to Section X setting forth the policy of PROVIDER to subsidize Monthly Service Fees under certain circumstances of need.

C. No special escrow account has been established for the purpose of holding reserves after the operation of the COMMUNITY has commenced. Reference is made to the Disclosure Statement for a discussion of the use of deposits prior to occupancy and initial reserves after occupancy. The reserves set forth are the estimates and assumptions of PROVIDER which are believed to be reasonable and in compliance with New Hampshire law, but which estimates cannot be guaranteed. All assets of PROVIDER are under the control and direction of its Board of Trustees, information about whom is set forth in the Disclosure Statement, which information is incorporated herein by reference.

[The Remainder of this Page Intentionally is Left Blank: Signature Page Follows]

By my signature, I/We certify that I/We have read this Agreement, its terms and conditions and that I/We hereby agree to be bound by such terms and conditions.

NOTICE TO THE RESIDENT: YOU HAVE THE RIGHT TO CANCEL THIS CONTRACT OR AGREEMENT BY SENDING OR DELIVERING WRITTEN NOTICE OF CANCELLATION TO THE PROVIDER BY MIDNIGHT OF THE 15TH CALENDAR DAY FOLLOWING THE DAY ON WHICH IT WAS EXECUTED BY BOTH PARTIES. SUCH CANCELLATION IS WITHOUT PENALTY, AND ALL DEPOSITS MADE BY YOU SHALL BE PROMPTLY REFUNDED, EXCEPT FOR THE APPLICATION FEE AND FOR EXPENSES INCURRED BY THE PROVIDER AT THE RESIDENT'S SPECIFIC REQUEST, PROVIDED THAT SUCH EXPENSES ARE ITEMIZED AND SUPPORTED BY APPROPRIATE DOCUMENTATION.

AFTER THIS 15-DAY CANCELLATION PERIOD, YOU HAVE THE RIGHT TO CANCEL THIS CONTRACT FOR ANY REASON ANYTIME BY 90 DAYS WRITTEN NOTICE. IF YOU CANCEL THE CONTRACT IN THIS MANNER, YOU MAY BE ENTITLED TO A FULL OR PARTIAL REFUND OF YOUR ENTRANCE FEE, AS PROVIDED ELSEWHERE IN THE CONTRACT. HOWEVER, YOU MAY HAVE TO WAIT FOR RE-PAYMENT OF ANY FUNDS OWED TO YOU BY THE PROVIDER UNTIL YOUR UNIT IS UNDER CONTRACT AND THE RESCISSION PERIOD HAS PASSED FOR THE FUTURE RESIDENT.

Resident Date Resident Date

Peterborough Retirement Community at Upland Farm, Inc., d/b/a RiverMead

By:

Authorized Representative Date

Residency and Payment Schedule

Resident Right of Rescission Form

Residency Date Confirmation Form

Article 1. Introduction and Definitions

Peterborough Retirement Community at Upland Farm, Inc. (the “Provider”), a New Hampshire non-profit corporation, operates a LifePlan Community (continuing care community) for individuals age 62 or older, known as RiverMead and located in Peterborough, New Hampshire (the “Community”). The Provider seeks to provide quality continuing care in well-designed surroundings so that residents may enjoy a dignified lifestyle, with the assurance that supportive services and care are available if needed, all in accordance with New Hampshire RSA 420-D and the rules promulgated thereunder.

The Provider’s Health Center is licensed by the New Hampshire Department of Health and Human Services as a Supported Residential Health Care Facility pursuant to New Hampshire Administrative Rules He-P 805, et seq., and provides the levels of care within the scope of that license, including Assisted Living Care, Memory Support Care, Rehabilitation Services, Respite and Convalescent Care, and long-term nursing services not requiring 24hour nursing supervision (collectively, the “Health Center Services”).

This Health Center Residence and Care Agreement (the “Agreement”) is made between the Provider and _______________________________ (the “Resident,” or, when two people are named, each of them and the survivor of them), who, having signed this Agreement, wishes to live at the Community and to receive the facilities and Health Center Services described below.

1.1 Defined terms

The following capitalized terms have the meanings given here wherever they appear in this Agreement:

• “Agreement” means this Health Center Residence and Care Agreement, including its exhibits and the documents incorporated by reference.

• “Provider” means Peterborough Retirement Community at Upland Farm, Inc., a New Hampshire non-profit corporation, doing business as RiverMead.

• “Community” means RiverMead, the continuing care community operated by the Provider in Peterborough, New Hampshire.

• “Resident” means the individual who signs this Agreement; when two people sign, it means each of them and the survivor of them.

• “Living Accommodation” means the unit in the Health Center made available to the Resident under this Agreement.

• “Residency Date” means the date on which the Resident moves into and occupies the Living Accommodation.

• “Health Center Services” means the levels of care provided within the scope of the Provider’s He-P 805 license Assisted Living Care, Memory Support Care, Rehabilitation Services, Respite and Convalescent Care, and long-term nursing services not requiring 24-hour nursing supervision.

• “Community Fee” means the one-time fee described in Section 5.2; it equals one month’s Monthly Service Fee and does not constitute an “entrance fee” under RSA 420-D.

• “Monthly Service Fee” means the recurring monthly charge described in Section 5.3.

• “Disclosure Statement” means the RiverMead Disclosure Statement furnished to the Resident under Article 12, which includes a copy of this Agreement, the Patients’ Bill of Rights, the standard disclosure summary, and the fee schedule.

• “Patients’ Bill of Rights” means the rights set forth in RSA 151:21, provided and posted as described in Section 6.1.

• “Resident Handbook” means the Community’s rules, policies, and procedures incorporated into this Agreement by reference under Section 6.8.

• “Care Coordination Committee” means the committee described in Section 4.2.

Article 2. The Living Accommodation and the Provider’s Obligations

2.1 Right of occupancy

Beginning on the Residency Date and continuing for the Resident’s life, the Provider will make the Living Accommodation available to the Resident, together with the facilities and Health Center Services provided in this Agreement, for so long as the Resident complies with the terms of this Agreement, unless the Agreement is terminated under Article 7 or Article 8. The right of occupancy is personal to the Resident, is not assignable, and confers no right, title, or interest in any real or personal property of the Provider only a right to occupy.

2.2 The Living Accommodation

The Living Accommodation may include a kitchenette with refrigerator and microwave, an emergency call system, a smoke detector and sprinkler system, flooring, paint, window coverings, and such other furnishings, appliances, and amenities as required by applicable law. Additional amenities or substitutions requested by the Resident are at the Resident’s expense and must be set forth in an addendum to this Agreement.

Article 3. Services and Facilities

3.1 Core services

As a resident of the Health Center, the Resident will receive the core services required of a Supported Residential Health Care Facility, including: staff present in the facility whenever a resident is present; 24-hour protective oversight of each resident’s functioning, safety, whereabouts, and health status; emergency response and crisis intervention; assistance with activities of daily living as needed (such as dressing, bathing, ambulation, and reminders); assistance with taking and ordering medications as determined by the resident’s ability to manage medications safely; three nutritionally balanced meals and snacks daily; housekeeping, laundry, and maintenance; a planned activities program; and assistance in arranging medical and dental appointments and transportation.

3.2 Levels of care; transfers within the Health Center

The Health Center Services include Assisted Living Care, Memory Support Care, Rehabilitation Services, Respite and Convalescent Care, and long-term nursing services not requiring 24-hour nursing supervision. If the Resident’s needs change, the Resident may be transferred to a different level of care within the Health Center as provided in Article 4. If an appropriate accommodation is not immediately available on site, the Provider will be responsible for paying for similar services at an off-site long-term care facility, and the Resident will be transferred back to the Health Center as soon as an accommodation becomes available. If the Resident requires continuing nursing care or monitoring within the scope of the Provider’s He-P 805 license including shortterm medical care during convalescence from illness or injury the Provider will employ or contract for nursing personnel as required by He-P 805.15(b); where the Resident’s needs would require 24-hour nursing supervision

or otherwise exceed the Provider’s license, the Provider will assist the Resident in transitioning to an appropriate setting as provided in Article 8.

3.3 Medication management

The Provider will provide medication management services consistent with its He-P 805 license and the Resident’s ability to manage medications safely as determined by the New Hampshire Care Assessment for Residential Services (CARES) Tool. The Provider’s medication management policy, including the services provided and any associated charges not included in the Monthly Service Fee, is described in the Resident Handbook and the Disclosure Statement.

3.4 Food services

Three nutritionally balanced meals per day and daily snacks are served in the Health Center dining room and are included in the Monthly Service Fee. Tray service is available in the Living Accommodation during short-term illnesses of 14 days or less when approved by the Provider’s Director of Health Services or designee. Private dining rooms, guest meals, and similar services are available for an additional charge.

3.5 Housekeeping, maintenance, utilities, and grounds

Housekeeping is provided weekly at no additional charge. The Provider repairs, maintains, and replaces Community-supplied furnishings and equipment; the Resident is responsible for the Resident’s own property. Sewer, water, electricity, heat and air conditioning, basic television or streaming service, internet, and trash removal are furnished at no additional cost; the Resident is responsible for telephone service. Basic groundskeeping and designated resident garden plots are provided at no additional charge. The Monthly Service Fee also includes the basic grooming and personal-hygiene supplies necessary for residents to maintain grooming and personal hygiene, such as soap, shampoo, toothpaste, a toothbrush, and toilet paper; the Provider is not responsible for the cost of any specific brand of product requested by the Resident.

3.6 Activities, transportation, and emergency response

The Provider provides a planned schedule of social, cultural, educational, recreational, and religious activities; local transportation to medical and similar appointments when requested in advance and other conveyance is unavailable, at no additional cost (emergency transportation excepted); and an emergency call system in each Living Accommodation answered 24 hours a day, seven days a week.

3.7 Ancillary and additional-charge services

The Provider may offer or arrange for ancillary services including home health, on-site rehabilitation (physical, occupational, speech, and low-vision therapy), nurse-practitioner visits, virtual care, audiology, and on-site dermatology at an additional charge. Other services available for an additional charge include beautician/barber and dry-cleaning services, private dining, guest meals, storage, the country store, and parking, as described in the Disclosure Statement and Resident Handbook. The Provider’s policies on arranging for third-party services (such as a hairdresser or cable television), acting as a billing agent for third-party services, and monitoring third-party services contracted directly by the Resident and provided on the premises are described in the Resident Handbook and the Disclosure Statement.

3.8 Medicare and Medicaid

The Provider does not participate in the federal Medicare or Medicaid programs, although some third-party providers of ancillary services may participate and may bill Medicare directly. Certain ancillary services may qualify for Medicare coverage. The Resident must maintain Medicare Part A and Part B and one supplemental health insurance policy acceptable to the Provider (see Section 4.5).

3.9 Services not provided

The Community is not licensed to care for persons who are afflicted with a psychiatric, psychotic, contagious, or dangerous condition or disease; who require a ventilator, total parenteral nutrition, services associated with a new tracheostomy within 30 days; or who require services customarily provided in an acute-care or skillednursing facility requiring 24-hour nursing supervision. Care that exceeds the Provider’s He-P 805 license or that the Provider cannot safely meet is outside the scope of this Agreement, and the Provider will assist the Resident in transitioning to an appropriate setting as provided in Article 8.

Article 4. Care, Transfers, and Care Coordination

4.1

Care in the Health Center

The Resident is entitled to care in the Health Center as needed, without an increase in the then-current Monthly Service Fee. The Resident has the right to be treated, at the Resident’s option and expense, by a physician of the Resident’s choice, who shall be designated as the Resident’s attending physician. The Provider is not responsible for the cost of physician or hospital services, private-duty nursing, medicine, drugs, durable medical equipment, prescribed therapy, or similar items, nor for any service rendered outside the Health Center except as described in Section 3.2 or Section 4.3.

4.2 Care Coordination Committee; transfers between levels of care

Decisions involving a permanent transfer of the Resident to a different level of care within the Health Center will be made by a Care Coordination Committee consisting of at least the Provider’s Director of Health Services or designee, the Resident Services Director or designee, a nurse (Registered Nurse or higher) familiar with the condition and care of the Resident, and the Resident or the Resident’s personal representative if legally designated. The Resident’s private physician will be involved as appropriate and as requested by the Resident. Transfers are only considered when there is a clinical need for a different level of care or environment. The Provider is unable to consider requests for room transfers based on personal preference, room location or size, convenience or any other nonclinical reason. The Provider’s policy and procedures for changes in Health Center living accommodations is included in the Resident Handbook. Any financial adjustment resulting from a transfer will be made in accordance with this Agreement and the fee schedule.

4.3 Illness or accident away from the Community

If the Resident suffers an accident or illness while away from the Community, the Provider has no responsibility to pay for the resulting medical, surgical, or hospital care, but will be responsible to pay a licensed health facility an amount not exceeding the Provider’s current cost of providing care in the Health Center. The Resident will return to the Community as soon as medically possible, as determined by the Director of Health Services in consultation with the attending physician, and will continue to pay the Monthly Service Fee during the absence.

4.4 Temporary absence and bed-hold

In the event of a temporary absence (for hospitalization, rehabilitation, or other reasons), the Resident’s rights to return to the Living Accommodation, and any charges payable during the absence, are governed by RSA 151:25 and the Provider’s bed-hold policy stated in the Resident Handbook. The Resident will continue to pay the Monthly Service Fee during a temporary absence unless otherwise required by law.

4.5 Medical insurance to be maintained by the Resident

The Resident will maintain, at the Resident’s cost, Medicare Part A and Part B and one supplemental health insurance policy acceptable to the Provider, and will furnish evidence of coverage on request.

4.6 Involuntary change of room or bed

Apart from a transfer between levels of care under Section 4.2, if the Provider requires an involuntary change in the Resident’s room or bed location within the Health Center, the Provider will give the Resident (and the Resident’s guardian, agent, or personal representative, as applicable) at least fourteen (14) days’ advance written notice, together with reasonable accommodation of the Resident’s individual needs and preferences. If the change is required to protect the health, safety, or well-being of the Resident or other residents, notice will be given as soon as practicable.

Article 5. Financial Terms

5.1 Rate Schedule and Selected Rate

The Monthly Service Fee and the Community Fee under this Agreement are determined by the Living Accommodation. Provider has selected the applicable rate below (one option only); Provider and Resident(s) confirm the selection by initialing where indicated. The “2nd Person — Additional Room (80%)” rate applies when a second person occupies a separate room; the “2nd Person — Shared Room (60%)” rate applies when two people share one Living Accommodation. The Community Fee equals one month’s Monthly Service Fee, per person.

Rates shown are 2026 monthly amounts and are subject to adjustment under Section 5.4. The specific fee amounts for this Resident are entered in Sections 5.2 (Community Fee) and 5.3 (Monthly Service Fee).

Rate selected and confirmed — Provider (RiverMead) initials: __________ Resident initials: __________

Resident initials: __________ Date: __________

5.2 Community Fee

The Resident agrees to pay a one-time First Person Community Fee of $______________, plus a one-time Second Person Community Fee of $______________ if the Living Accommodation is occupied by two people, for a Total Community Fee of $______________. The Community Fee equals one month’s Monthly Service Fee. Payment of the Community Fee is made when the Resident or the Resident’s legal guardian executes this Agreement.

5.3 Monthly Service Fee

Beginning on the Residency Date, the Resident will pay a Monthly Service Fee determined by the Provider based on the size of the Living Accommodation and the number of occupants. The Monthly Service Fee is due and payable in advance by the 25th day of the preceding month; a late charge of 2% will be added to any payment not received when due. The Monthly Service Fee is prorated for any partial month and accrues from the Residency Date for the period of the Resident’s actual occupancy, including any occupancy occurring during the rescission period described in Section 7.1.

5.4

Notice of changes to the Monthly Service Fee

The Provider will give the Resident at least sixty (60) days’ written notice of any adjustment to the Monthly Service Fee. The Provider will endeavor to keep the Monthly Service Fee at the lowest figure consistent with sound financial operation and the quality of services the Community is designed to provide. Periodic payments under this Agreement are billed monthly and are not prepaid in a lump sum; if any periodic payment for care is ever paid in a lump sum, it will not be changed during the period covered, except where the Resident is receiving federal or state assistance and the change is mandated by those programs.

5.5 Refundability of the Community Fee

The Community Fee is non-refundable, except that the Provider will refund the Community Fee in full if (i) the Resident rescinds under Section 7.1 during the 15-day rescission period, or (ii) the Agreement terminates under Section 7.2 (death or incapacity before the Residency Date). In each case the refund is subject only to the prorata Monthly Service Fee, ancillary charges, and other applicable fees billed for any period of actual occupancy on or after the Residency Date (see Section 7.1). The Community Fee is fully earned upon occupancy; upon the death of the Resident after the Residency Date, no portion of the Community Fee is refundable or payable to the Resident’s estate.

5.6 Advance payments and refunds

The amount and purpose of any advance payment required by the Provider, and the Provider’s policy for refunding advance payments, are stated in this Article 5 and in the Disclosure Statement. Refunds due under this Agreement are paid without interest within the periods stated in Article 7.

5.7 Reserves

The Provider maintains the reserves required by New Hampshire law. The Provider’s liquid reserve is calculated and held in qualified assets in accordance with RSA 420-D:8. Because the Community currently satisfies the statutory safe harbor in RSA 420-D:10, III (Independent Living occupancy above 80%, more than 100 days’ cash on hand, and no covenant violation), no entrance-fee escrow is required. Additional discussion of reserves appears in the Disclosure Statement.

Article 6. Resident Rights and Conditions of Residence

6.1 Patients’ Bill of Rights

The Provider complies with the Patients’ Bill of Rights set forth in RSA 151:21 and its policy for implementing those rights under RSA 151:20. A current copy of the Patients’ Bill of Rights and the Provider’s implementation policy is included in the Disclosure Statement and posted in a public area of the Health Center. By signing this Agreement, the Resident acknowledges receiving the Patients’ Bill of Rights, in writing and orally, before or at admission. For purposes of clarity, as a licensed facility the Health Center and its Residents are governed by the Patients’ Bill of Rights under RSA 151:21. The independent-living residents’ bill of rights under RSA 420-D:12-a applies to independent-living residents in the Community and does not apply to Health Center direct-admission Residents.

6.2

Grievances

The Resident has the right to voice grievances and recommend changes in policies and services free from restraint, interference, coercion, discrimination, or reprisal. The Provider’s grievance procedure including how to submit a grievance, the timeline for response, and escalation is set forth in the Resident Handbook, which is incorporated into this Agreement by reference.

6.3 Freedom from abuse, neglect, and exploitation; reporting

The Resident has the right to be free from abuse, neglect, and exploitation. The Provider maintains, and follows, policies and procedures for receiving, reporting, and responding to reports of suspected abuse, neglect, or exploitation in accordance with RSA 161-F:46 and RSA 169-C:29, as described in the Resident Handbook.

6.4 Long-term care ombudsman

The Resident has the right to contact the Office of the Long-Term Care Ombudsman. Contact information for the Ombudsman, and for the federally designated protection-and-advocacy agency, is provided in the Resident Handbook and is available from the Provider on request.

6.5 Advance directives

The Resident has the right to formulate advance directives, including a living will and a durable power of attorney for health care under RSA 137-J. Information about advance directives is provided to the Resident, and the Provider will document and honor the Resident’s advance directives in accordance with law.

6.6 Management of resident funds

The Provider will hold or manage the Resident’s personal funds only upon the Resident’s written authorization. Any funds so held will be handled, accounted for, and returned in accordance with RSA 151:24, including a final accounting and return of all personal funds and possessions not later than ten (10) days after discharge, or, upon death, to the duly appointed representative of the Resident’s estate.

6.7 Occupancy; double occupancy; demise

No person other than the named Resident may occupy the Living Accommodation without the written consent of the Provider’s CEO, except as permitted by the Provider’s guest policies. Overnight guests may stay overnight for up to 14 consecutive days or a total of 14 days in any 30-day period, but no guest may stay overnight more than 30 days in a year. Upon the death of one of two residents sharing a Living Accommodation, the survivor

remains in the Living Accommodation and the Monthly Service Fee is reduced to the single-occupancy rate. If a Resident marries or a second person wishes to join the Resident in the Living Accommodation, the second person must qualify for and be accepted into residency and execute this Agreement or an amendment; upon acceptance, the applicable Second Person Community Fee and second-person Monthly Service Fee (the Additional Room or Shared Room rate shown in Section 5.1) will apply. No portion of the Community Fee is refunded by reason of a change in occupancy.

6.8 House rules and Resident Handbook

The Resident agrees to comply with the Community’s rules and regulations set forth in the Resident Handbook, which covers use of common areas, behavioral expectations for the protection of staff and other residents and the peaceful enjoyment of the Community, and similar matters. The Resident Handbook and the Community’s rules and regulations are incorporated into this Agreement by reference. Changes to day-to-day operating rules will be made only with adequate notice to residents.

6.9 Privacy and the Provider’s right of entry

The Provider recognizes the Resident’s right to privacy and will limit entry to the Living Accommodation to legitimate purposes scheduled housekeeping, response to the medical-alert or fire-alert system, scheduled or emergency maintenance, scheduled medication or activities-of-daily-living assistance, and welfare checks and will provide advance notice of scheduled work where practicable.

6.10 Resident’s property; removal on termination

Furnishings provided by the Resident must not interfere with the health, safety, and welfare of other residents. The Provider is not responsible for loss of the Resident’s property unless the Provider has accepted care of it in writing, and the Resident is encouraged to maintain insurance. Upon termination of residency, the Resident or the Resident’s estate will promptly remove the Resident’s property; if not removed within fourteen (14) days, the Provider may remove and store it at the Resident’s expense and may bill for the days the property remains in the Living Accommodation or in storage.

6.11 Guardianship

If the Resident becomes unable to care for the Resident or the Resident’s property and has made no effective designation, the Resident authorizes the Provider to initiate guardianship proceedings as provided by law, at the Resident’s expense. No employee or board member of the Provider, or of any firm providing management services to the Provider, or a member of their families, is eligible to serve as the Resident’s attorney-in-fact or guardian.

6.12 Smoking; staff training; AED

The Provider’s policy on smoking, whether the Provider’s personnel are trained in cardiopulmonary resuscitation and first aid, and whether an automated external defibrillator (AED) is available on site are stated in the Resident Handbook and the Disclosure Statement.

6.13 Residents’ Council

The residents have formed an elected Residents’ Council that acts in an advisory capacity and facilitates the exchange of ideas between residents and staff. Management and the CEO hold regular meetings with residents to discuss policies, programs, services, and financial matters.

6.14 Disaster recovery plan

The Provider maintains a separate written disaster recovery plan (the RiverMead Disaster Plan), which is reviewed and updated periodically. A comprehensive summary is made available to all Residents. In addition, a copy of the Provider’s fire safety plan, including fire-drill actions, will be made available to and reviewed with the Resident (and the Resident’s guardian, personal representative, or agent) at the time of admission, and a summary of the Resident’s responsibilities will be provided to the Resident.

Article

7. Termination by the Resident

7.1 Rescission within 15 days

This Agreement may be rescinded by the Resident, without penalty, by written notice to the Provider given within fifteen (15) days from the date the Resident executes it. The Resident is not required to occupy a Living Accommodation before the rescission period expires. If the Resident properly rescinds within this period, the Provider will refund to the Resident, within forty-five (45) days of receipt of the written notice of rescission and without interest, the full Community Fee paid under Section 5.2 and the first month’s Monthly Service Fee except that, if the Resident has occupied a Living Accommodation on or after the Residency Date, the Provider may deduct from the refund or separately bill: (i) a pro-rata Monthly Service Fee for each day from the Residency Date through the date the Provider receives the notice of rescission; (ii) charges for ancillary or additional services furnished at the Resident’s request during that period; and (iii) any other applicable fees incurred by or at the request of the Resident during that period, each itemized and supported by documentation. A form of rescission notice is attached as Exhibit A.

7.2 Death or incapacity before the Residency Date

Prior to the Residency Date, in the event of (i) the death of the Resident or (ii) the inability of the Resident to occupy a Living Accommodation because of injury, illness, or other incapacity that makes residency inappropriate, this Agreement terminates and the Provider will refund, within forty-five (45) days of receipt of written notice, the Community Fee and the first month’s Monthly Service Fee, less only any expenses incurred before the Residency Date at the Resident’s specific request, itemized and documented. If a second person is a party, that person’s death or incapacity gives the Resident the option to keep this Agreement in force (with refund of the Second Person Community Fee within 45 days) or to terminate it under this Section.

7.3 Failure to occupy

If the Living Accommodation is ready and the Resident fails to occupy it within sixty (60) days of the Residency Date (absent a written extension), this Agreement is automatically extended and the Monthly Service Fee is payable under Section 5.3 unless the Resident terminates under this Article 7 or the Provider terminates under Article 8.

7.4 Termination during a transfer to a hospital or other facility

After the Residency Date, the Resident (or the Resident’s representative) may terminate this Agreement at any time during which the Resident has been transferred to a hospital or other facility, upon thirty (30) days’ written notice and payment of the Monthly Service Fee until the notice period expires.

7.5 Voluntary termination on 90 days’ notice

After the Residency Date, the Resident may terminate this Agreement for any other reason upon ninety (90) days’ advance written notice and payment of the Monthly Service Fee until the notice period expires.

Article 8. Transfer or Discharge by the Provider

8.1 Permitted grounds

The Provider may transfer or discharge the Resident, after appropriate planning, only for one or more of the following reasons: (a) medical reasons or the Resident’s welfare; (b) the health or safety of the Resident, of other residents of the Community, or of the Community’s staff or other members of the Community is endangered by the Resident’s continued presence; (c) the Community ceases to operate; or (d) nonpayment of the Community Fee balance, the Monthly Service Fee, or other charges when due. The Resident will not be involuntarily discharged solely because the Resident becomes eligible for Medicaid.

8.2 Notice and opportunity to cure

Except as provided in Section 8.4, the Provider will give the Resident at least sixty (60) days’ written notice of an event of termination, and the Resident will have at least sixty (60) days from the date of notice to correct it (for nonpayment, by paying in full or making a mutually satisfactory written arrangement). If the Resident corrects the event within the applicable period, this Agreement will not be terminated unless a further event of termination arises. A Resident who is delinquent in payment of the Community Fee balance, the Monthly Service Fee, or other charges may remain in the Living Accommodation during the 60-day cure period; if the delinquency is not cured within that period, the Resident must vacate the Living Accommodation upon the effective date of termination, subject to Sections 8.3 and 8.4 and the financial-assistance covenant in Article 9.

8.3 Involuntary transfer or discharge procedure

Any involuntary transfer or discharge will be carried out in accordance with RSA 151:26 and RSA 420-D. For cancellation of this Agreement as a continuing care contract, the Provider will give the Resident at least sixty (60) days’ written notice as provided in Section 8.2 and RSA 420-D:16-a, except where exigent circumstances permit shorter reasonable notice under Section 8.4; the RSA 151:26 transfer-or-discharge procedure, including its 30-day notice, governs the mechanics of any discharge from the licensed Health Center and will run concurrently with the 60-day period. Written notice will be given at least thirty (30) days before the transfer or discharge (or as soon as practicable in the circumstances permitted by RSA 151:26, II(b), such as an emergency, a threat to the health or safety of others, an improvement in the Resident’s health, or a stay of fewer than 30 days). The written notice will state: (1) the reason for the transfer or discharge, including the specific factual basis constituting just cause, if any; (2) the effective date; (3) the location to which the Resident will be transferred or discharged; (4) the name, address, and telephone number of the Long-Term Care Ombudsman and of the federally designated protection-and-advocacy agency; (5) notice of the Resident’s right to challenge the cancellation by requesting a hearing with the Provider or its representatives, and of the Resident’s right to a prompt full or partial refund of any amounts owed to the extent provided in this Agreement or by law; and (6) the following statement of appeal rights:

YOU HAVE A RIGHT TO APPEAL THE FACILITY’S DECISION TO TRANSFER OR DISCHARGE YOU. IF YOU THINK YOU SHOULD NOT HAVE TO LEAVE THIS FACILITY, YOU MAY FILE AN APPEAL IN SUPERIOR OR PROBATE COURT.

A copy of the notice will be provided to the Resident, the Resident’s personal representative or legal guardian, the Ombudsman, and the protection-and-advocacy agency, and placed in the Resident’s record. A petition by the Resident to enjoin the transfer or discharge stays it pending the court’s decision. The Provider will assist the Resident in transitioning to an appropriate setting, including where the Resident’s care needs exceed what the Provider can provide.

8.4 Expedited transfer for danger or exigent circumstances

The Provider may transfer the Resident on less than 60 days’ but reasonable notice upon a written determination, made in good faith by at least two physicians (one of whom is not employed by or associated with the Community), that the Resident is a danger to self or others or that other exigent circumstances exist. The determination will state the basis for the conclusion, that there is no less-restrictive alternative, and why a shorter notice period is reasonable. Each of the Resident and the Provider may obtain a second medical assessment, at its own expense, before the Resident’s removal or the filing of an action for termination.

Article 9. Financial Assistance (Provider Covenant)

It is the declared intent and policy of the Provider not to terminate the residency of the Resident solely by reason of the Resident’s financial inability to pay the Monthly Service Fee. If the Resident establishes the need for assistance — having liquidated personal assets for payments to Provider (and not in violation of Article 10(d) below) and furnished financial information — the Provider will subsidize the Monthly Service Fee but only if it can do so without impairing the Community’s ability to operate on a sound financial basis. Any subsidy is a recoverable obligation of the Resident, deducted first from any amount then refundable to the Resident and otherwise payable from the Resident’s assets or estate when funds are available. The Provider may require the Resident to transfer to a smaller Living Accommodation, when available, to reduce the Monthly Service Fee.

Article 10. Covenants of the Resident

The Resident covenants to: (a) comply with the Provider’s present and future reasonable rules for the convenience, comfort, and safety of all residents; (b) promptly pay all amounts due under this Agreement; (c) complete such forms as the Provider reasonably requires for insurance, regulatory, and care purposes; (d) not impair the Resident’s ability to meet financial obligations by transferring assets without fair consideration; and (e) abide by all other terms of this Agreement.

Article 11. Representations and Warranties

The Provider represents and warrants that it has full authority to enter into this Agreement. The Resident represents and warrants that all facts stated in any application or form submitted to the Provider are true and complete and form the basis for residency, and that the Resident has not made a gift or loan of property in contemplation of this Agreement.

Article 12. Disclosure Statement and Acknowledgments

12.1 Disclosure Statement

The Resident acknowledges receiving, at least 24 hours before signing this Agreement, the RiverMead Disclosure Statement dated ________________, which includes a copy of this Agreement, the Patients’ Bill of Rights, the

standard disclosure summary, and a fee schedule, and acknowledges having read it (or having had it read to the Resident) and understanding its contents.

12.2 Health and financial conditions; continued residency

The health and financial conditions required for acceptance as a resident are described in the Disclosure Statement and incorporated by reference. After the Resident occupies a Living Accommodation, the Provider is obligated to permit continued residency unless this Agreement is terminated under Article 7 or Article 8.

Article 13. General Provisions

(a) Entire agreement. This Agreement, together with the documents incorporated by reference, contains the entire agreement of the parties; representations not contained in it are unenforceable unless in a writing executed by both parties or set forth in the Resident Handbook. (b) Severability. The invalidity of any provision does not affect the remainder. (c) Governing law. This Agreement is governed by New Hampshire law. (d) No personal liability. No officer, trustee, agent, or employee of the Provider has personal liability under this Agreement. (e) Change in law. If statutes or regulations applicable to this Agreement change, the Provider may modify this Agreement to conform to the change. (f) Delegation. Authority given to the Provider’s CEO or Director of Health Services may be delegated to other staff. (g) Different terms for others. The Provider may enter into agreements with other residents on different terms; this Agreement alone governs this Resident’s rights and obligations, and the Resident is not a third-party beneficiary of any other agreement.

[The Remainder of this Page Intentionally is Left Blank]

Acknowledgment and Signatures

By signing below, I/we certify that I/we have read this Agreement and agree to be bound by its terms and conditions.

NOTICE TO THE RESIDENT: YOU HAVE THE RIGHT TO CANCEL THIS CONTRACT OR AGREEMENT BY SENDING OR DELIVERING WRITTEN NOTICE OF CANCELLATION TO THE PROVIDER BY MIDNIGHT OF THE 15TH CALENDAR DAY FOLLOWING THE DAY ON WHICH IT WAS EXECUTED BY BOTH PARTIES. SUCH CANCELLATION IS WITHOUT PENALTY, AND ALL DEPOSITS MADE BY YOU SHALL BE PROMPTLY REFUNDED, EXCEPT FOR THE APPLICATION FEE AND FOR EXPENSES INCURRED BY THE PROVIDER AT THE RESIDENT’S SPECIFIC REQUEST, PROVIDED THAT SUCH EXPENSES ARE ITEMIZED AND SUPPORTED BY APPROPRIATE DOCUMENTATION. AFTER THIS 15-DAY CANCELLATION PERIOD, YOU HAVE THE RIGHT TO CANCEL THIS CONTRACT FOR ANY REASON ANYTIME BY 90 DAYS WRITTEN NOTICE. IF YOU CANCEL THE CONTRACT IN THIS MANNER, YOU MAY BE ENTITLED TO A FULL OR PARTIAL REFUND OF YOUR ENTRANCE FEE, AS PROVIDED ELSEWHERE IN THE CONTRACT. HOWEVER, YOU MAY HAVE TO WAIT FOR REPAYMENT OF ANY FUNDS OWED TO YOU BY THE PROVIDER UNTIL YOUR UNIT IS UNDER CONTRACT AND THE RESCISSION PERIOD HAS PASSED FOR THE FUTURE RESIDENT.

Resident Peterborough Retirement Community at Upland Farm, Inc. d/b/a RiverMead

By: ____________________________________ Date: ______________

Authorized Representative

Exhibit A. Resident’s Right of Rescission

Any individual who executes this Residence and Care Agreement with RiverMead may rescind and cancel it, without penalty or forfeiture, by giving written notice of the decision to cancel within fifteen (15) days of the date of execution. The Resident is not required to move into RiverMead before the expiration of the fifteen-day rescission period. No other agreement or statement signed by the Resident waives this right.

If you cancel within the fifteen (15) day rescission period, RiverMead will refund the Community Fee and the first month’s Monthly Service Fee, except that, if you have already moved into a Living Accommodation, RiverMead may retain or bill a pro-rata Monthly Service Fee for the days you occupied the Living Accommodation, charges for ancillary services provided at your request, and any other applicable charges, each itemized and supported by documentation. Any remaining amounts will be refunded promptly, without penalty or forfeiture.

The attached Residence and Care Agreement was executed on ________________. To cancel, complete and submit this form to the RiverMead marketing office by ________________ (if mailed, postmarked no later than ________________, addressed to RiverMead, 150 Rivermead Road, Peterborough, NH 03458).

NOTICE: I (we) hereby notify RiverMead that I (we) wish to cancel the Residence and Care Agreement executed on ________________. I (we) understand that, as long as this notice is given within fifteen (15) days of execution, any deposit will be refunded promptly, without penalty or forfeiture, subject to the occupancy charges described above. _______________________________________

Date: ______________

Signature

Received by RiverMead: ____________________________ Date: ______________

PERSON-CENTERED CARE

When your loved one comes directly into assisted living or our specialized memory support neighborhood, you can have peace of mind knowing that their fee rate will not increase based on the level of care that they are receiving.

2026 RATES

Assisted Living Studio:

Assisted Living One-Bedroom:

Memory Support Studio:

$10,790 per month

$14,127 per month

$11,881 per month

Services and amenities for enhanced levels of care at RiverMead include:

24/7 Nursing & Personal Care

Three Nutritious Meals per Day

Medication Management

Transportation to Shopping & Medical Appointments

Housekeeping & Laundry

Coordination of Medical Care

Life Enrichment, Recreation & Exercise

*There is a one-time non-refundable community fee equal to the first monthly service fee due upon admission.

2026

GUEST ACCOMMODATIONS

SERVICES & FACILITIES

MISCELLANEOUS

HEALTH CENTER

Ancillary Charges

Health Center Service Package $28.00 per day Medical Supplies Varies

TRANSPORTATION

Personal Transportation Service

per half hour**

Accompanied by Nurse: LPN or RN $48.00 per half hour*

Accompanied by Aide: PCA, LNA or MNA $36.00 per half hour* *One Hour Minimum Charge ** Two Hour Minimum Charge

If a resident needs a nurse or aid to accompany them there will be an additional charge.

If a resident cancels transportation within 24 hours of appointment, they will be billed the two hour minimum charge.