Document:

January 9, 2009 Amendment of Memorandum of Master Lease

 Exhibit 10.2 
  
  
 AMENDMENT TO 
 MEMORANDUM OF LEASE AND 
 SPECIFIC PROPERTY
LEASE AMENDMENT 
 BY AND AMONG 
 KINDRED HEALTHCARE, INC., 
 KINDRED HEALTHCARE OPERATING, INC., AND 
 VENTAS REALTY, LIMITED PARTNERSHIP 
  
  
  

							
		 	            Master Lease No.:	 	3	 	
				
		 	            Facility No.:	 	GA #645	 	
				
		 	            Property Address:	 	26 Tower Road	 	
		 		 	Marietta, Georgia	 	
		 		 	(Cobb County)	 	
				
		 	            Index No.:	 	3-15	 	

 AMENDMENT TO MEMORANDUM OF LEASE 
 AND SPECIFIC PROPERTY LEASE AMENDMENT 
 THIS AMENDMENT TO MEMORANDUM OF LEASE AND SPECIFIC PROPERTY LEASE AMENDMENT (hereinafter this “Amendment” ) is dated as of the 9th day of January, 2009, and is between VENTAS REALTY, LIMITED
PARTNERSHIP, a Delaware limited partnership (together with its successors and assigns, “Lessor”) having an office at 10350 Ormsby Park Place, Suite 300, Louisville, Kentucky 40223, and KINDRED HEALTHCARE, INC., a Delaware
corporation formerly known as Vencor, Inc. (“Kindred”), and KINDRED HEALTHCARE OPERATING, INC., a Delaware corporation formerly known as Vencor Operating, Inc. (“Operator”; Operator, jointly and severally with
Kindred and permitted successors and assignees of Operator and Kindred, “Tenant”), both having an office at 680 South 4th Avenue,
Louisville, Kentucky 40202. 
 RECITALS 
 A. Lessor and Tenant have heretofore entered into (i) a certain Amended and Restated Master Lease Agreement No. 3 dated as of April 20, 2001 (the “2001 Lease”), (ii) a certain Second Amended and Restated Master
Lease Agreement No. 1 dated as of April 27, 2007 (as the same may have been or may hereafter be amended, amended and restated, supplemented, modified, renewed, extended or replaced, the “Lease”), which superseded the 2001
Lease and demises to Tenant, among other properties, the real property described in Exhibit A attached hereto and made a part hereof, together with the improvements thereon (the “Premises”), and (iii) a Memorandum of
Lease (the “Memorandum”) dated as of April 20, 2001, and recorded on May 2, 2001, with the Clerk of Superior Court Cobb County, Georgia, Book 13358, Page 6028, which Memorandum provides record notice of the Lease, as it
applies to the Premises. 
 B. Contemporaneously herewith, the City of Marietta is purchasing a portion of the Premises legally described in
Exhibit B attached hereto and made a part hereof (the “Parcel”). 
 C. Lessor and Tenant desire to amend the Lease,
as it relates to the Premises, and to amend the Memorandum. 
 NOW, THEREFORE, in consideration of the premises and other good and valuable
consideration, the parties hereby agree as follows: 
 1. Effective as of the date of this Agreement, the Memorandum, and the Lease as it
applies to the Premises, are amended: (a) to terminate the Memorandum and the Lease as they apply to the Parcel, and (b) to confirm and adopt, as the revised legal description for the Premises, the amended legal description (the
“Amended Premises”) that is attached hereto and made a part hereof as Exhibit C. 
 2. This Amendment is being
executed solely to give notice of the Lease, as it relates to the Amended Premises, and to amend the Memorandum and the Lease as they apply to the Amended Premises, and is not intended to amend the Lease in any respect other than as expressly

 
provided in Paragraph 1 above. Without limitation of the foregoing, Lessor and Tenant acknowledge and agree that the Lease relates to the Amended Premises
and multiple other properties and that, as provided in the Lease, the Lease demises all of such properties as a unified commercial operating lease and Lessor is not obligated, and may not be required, to lease less than all of such properties
pursuant to the Lease. 
 3. This Amendment may be signed in any number of counterparts, each of which shall be an original, with the same
effect as if the signatures thereto were upon the same instrument. 
 [Signature Page Follows] 

 IN WITNESS WHEREOF, the parties hereto have executed these presents the day and year first above
written. 
  

			
	TENANT:
	
	KINDRED HEALTHCARE, INC., a Delaware corporation
		
	By:	 	 /s/ Richard Myers

	Name:	 	Richard Myers
	Title:	 	Vice President – Real Estate Counsel
	
	KINDRED HEALTHCARE OPERATING, INC., a Delaware corporation
		
	By:	 	 /s/ Richard Myers

	Name:	 	Richard Myers
	Title:	 	Vice President – Real Estate Counsel

					
	
	LESSOR:
	
	VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware limited partnership
		
	By:	 	Ventas, Inc., a Delaware corporation, its general partner
			
		 	By:	 	 /s/ T. Richard Riney

		 		 	T. Richard Riney, Executive Vice President, General Counsel and Secretary

  

 3 

 Acknowledgments 
  

							
	STATE OF KENTUCKY	 	)	 		  	
		 		 	)	  	ss
	COUNTY OF JEFFERSON	 	)	 		  	

 On September 12, 2008, before me, Jenny McGarry personally appeared Richard Myers, the
VP-Real Estate Counsel of KINDRED HEALTHCARE, INC., a Delaware corporation, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that
he/she executed the same in his/her authorized capacity, and that by his/her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. 
 WITNESS my hand and official seal. 
  

			
	Signature	 	 /s/ Jenny McGarry

  

			
	(This area for official seal)	  	My Commission Expires: 2/16/2012

  

							
	STATE OF KENTUCKY	 	)	 		  	
		 		 	)	  	ss
	COUNTY OF JEFFERSON	 	)	 		  	

 On September 12, 2008, before me, Jenny McGarry personally appeared Richard Myers, the
VP-Real Estate Counsel of KINDRED HEALTHCARE OPERATING, INC., a Delaware corporation, personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged
to me that he/she executed the same in his/her authorized capacity, and that by his/her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. 
 WITNESS my hand and official seal. 
  

			
	Signature	 	 /s/ Jenny McGarry

  

			
	(This area for official seal)	  	My Commission Expires: 2/16/2012

  

 4 

							
	STATE OF KENTUCKY	 	)	 		  	
		 		 	)	  	ss
	COUNTY OF JEFFERSON	 	)	 		  	

 On September 10, 2008, before me, Terri Parker personally appeared T. Richard Riney, who is
personally known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacity, as the Executive Vice
President, General Counsel and Secretary of Ventas, Inc., a Delaware corporation, in its capacity as the general partner of Ventas Realty, Limited Partnership, a Delaware limited partnership, and that by his signature on the instrument the aforesaid
corporation executed the instrument, as the general partner and on behalf of the aforesaid limited partnership. 
 WITNESS my hand and
official seal. 
  

			
	Signature	 	 /s/ Terri Parker

 (This area for official seal) 
 Notary Public, State at Large, KY 
 My commission expires Jan 6, 2009 
  

 5 

 EXHIBIT A 
 Premises 
 All that tract or parcel of land lying and
being in Land Lot 1015 of the 16th District, and Second Section of Cobb County, Georgia, being in the City of Marietta, being more particularly
described as follows: 
 BEGINNING at a stake in the pavement at the intersection of the northerly side of Tower Road and the easterly side of Campbell Hill
Street and running thence north 2 degrees 00 minutes west along the easterly side of Campbell Hill Street 100.1 feet to a point; thence continuing northerly along the easterly side of Campbell Hill Street and following the curvature thereof 140 feet
to a point; thence north 10 degrees 19 minutes east along the easterly side of Campbell Hill Street 139.7 feet to the southerly line of property now or formerly owned by Dr. Robt. T. Sessions; thence easterly along said line 327.4 feet, more or
less to a iron pin on the westerly side of Church Street; thence south 8 degrees 22 minutes east along the westerly side of Church Street 182.5 feet to an iron pin, point and corner; thence south 88 degrees 23 minutes west 229.0 feet to an iron pin,
point and corner; thence south 3 degrees 55 minutes west 100 feet to an iron pin; thence south 0 degrees 25 minutes east 105.9 feet to a mark on the back of the curb of the northerly side of Tower Road; thence westerly along the northerly side of
Tower Road and following the curvature thereof 150.9 feet to the point of beginning. 
 Being the same property conveyed by Warranty Deed from Ventas, Inc.,
a Delaware corporation, as successor by merger to First Healthcare Corporation, a Delaware corporation, to Ventas Realty, Limited Partnership, a Delaware limited partnership, dated September 30, 1998, filed for record November 24, 1998,
and recorded in Deed Book 11918, Page 120, in the Office of the Clerk of the Superior Court of Cobb County, Georgia. 

 EXHIBIT B 
 Parcel 
 All that tract or parcel of land lying and
being in Land Lot 1015 of the 16th District, and Second Section of Cobb County, Georgia, being in the City of Marietta, being more particularly
described as follows: 
 Beginning at a point 19.54 feet right of and opposite Station 53+52.37 on the construction centerline of SR 5 at Tower Road on
Georgia Highway Project No. CSST-0006-00 (867); running thence S 75°47’33.6” E a distance of 5.47 feet to a point 25.00 feet right of and opposite station 53+52.04 on said construction centerline laid out for CAMPBELL HILL; thence S
10°44’19.6” W a distance of 92.94 feet to a point 25.00 feet right of and opposite station 52+59.10 on said construction centerline laid out for CAMPBELL HILL; thence southwesterly 31.002 feet along the arc of a curve (said curve
having a radius of 100.000 feet and a chord distance of 30.878 feet on a bearing of S 19°37’14.9” W) to the point 25.00 feet right of and opposite station 52+35.85 on said construction centerline laid out for CAMPBELL HILL; thence
northeasterly 1.502 feet along the arc of a curve (said curve having a radius of 511.758 feet and a chord distance of 1.502 feet on a bearing of N 9°53’19.2” E) to the point 24.53 feet right of and opposite station 52+36.92 on said
construction centerline laid out for CAMPBELL HILL; thence northeasterly 26.040 feet along the arc of a curve (said curve having a radius of 511.758 feet and a chord distance of 26.037 feet on a bearing of N 11°27’10.0” E) to the point
20.58 feet right of and opposite station 52+56.77 on said construction centerline laid out for CAMPBELL HILL; thence N 10°09’45.5” E a distance of 57.55 feet to a point 19.96 feet right of and opposite station 53+13.68 on said
construction centerline laid out for CAMPBELL HILL; thence N 10°07’44.2” E a distance of 38.69 feet back to the point of beginning. Containing 0.013 acres more or less. 

 EXHIBIT C 
 Amended Premises 
 All that tract or parcel of land
lying and being in Land Lot 1015 of the 16th District, and Second Section of Cobb County, Georgia, being in the City of Marietta, being more
particularly described as follows: 
 BEGINNING at a stake in the pavement at the intersection of the northerly side of Tower Road and the easterly side of
Campbell Hill Street and running thence north 2 degrees 00 minutes west along the easterly side of Campbell Hill Street 100.1 feet to a point; thence continuing northerly along the easterly side of Campbell Hill Street and following the curvature
thereof 140 feet to a point; thence north 10 degrees 19 minutes east along the easterly side of Campbell Hill Street 139.7 feet to the southerly line of property now or formerly owned by Dr. Robt. T. Sessions; thence easterly along said line
327.4 feet, more or less to a iron pin on the westerly side of Church Street; thence south 8 degrees 22 minutes east along the westerly side of Church Street 182.5 feet to an iron pin, point and corner; thence south 88 degrees 23 minutes west 229.0
feet to an iron pin, point and corner; thence south 3 degrees 55 minutes west 100 feet to an iron pin; thence south 0 degrees 25 minutes east 105.9 feet to a mark on the back of the curb of the northerly side of Tower Road; thence westerly along the
northerly side of Tower Road and following the curvature thereof 150.9 feet to the point of beginning. 
 Being the same property conveyed by Warranty Deed
from Ventas, Inc., a Delaware corporation, as successor by merger to First Healthcare Corporation, a Delaware corporation, to Ventas Realty, Limited Partnership, a Delaware limited partnership, dated September 30, 1998, filed for record
November 24, 1998, and recorded in Deed Book 11918, Page 120, in the Office of the Clerk of the Superior Court of Cobb County, Georgia. 
 Less and
Excepting the following described portion: 
 Beginning at a point 19.54 feet right of and opposite Station 53+52.37 on the construction centerline of SR 5
at Tower Road on Georgia Highway Project No. CSST-0006-00 (867); running thence S 75°47’33.6” E a distance of 5.47 feet to a point 25.00 feet right of and opposite station 53+52.04 on said construction centerline laid out for CAMPBELL
HILL; thence S 10°44’19.6” W a distance of 92.94 feet to a point 25.00 feet right of and opposite station 52+59.10 on said construction centerline laid out for CAMPBELL HILL; thence southwesterly 31.002 feet along the arc of a curve
(said curve having a radius of 100.000 feet and a chord distance of 30.878 feet on a bearing of S 19°37’14.9” W) to the point 25.00 feet right of and opposite station 52+35.85 on said construction centerline laid out for CAMPBELL HILL;
thence northeasterly 1.502 feet along the arc of a curve (said curve having a radius of 511.758 feet and a chord distance of 1.502 feet on a bearing of N 9°53’19.2” E) to the point 24.53 feet right of and opposite station 52+36.92 on
said construction centerline laid out for CAMPBELL HILL; thence northeasterly 26.040 feet along the arc of a curve (said curve having a radius of 511.758 feet and a chord distance of 26.037 feet on a bearing of N 11°27’10.0” E) to the
point 20.58 feet right of and opposite station 52+56.77 on said construction centerline laid out for CAMPBELL HILL; thence N 10°09’45.5” E a distance of 57.55 feet to a point 19.96 feet right of and opposite station 53+13.68 on said
construction centerline laid out for CAMPBELL HILL; thence N 10°07’44.2” E a distance of 38.69 feet back to the point of beginning. Containing 0.013 acres more or less.Form of Stock Bonus Award Agreement

 Exhibit 10.4 
 STOCK BONUS AWARD AGREEMENT 
 THIS AGREEMENT is made as of this
             day of                      between Kindred Healthcare, Inc.,
a Delaware corporation and its successors (the “Company”), and                      (the “Participant”). 
 WHEREAS, the Company adopted and maintains the Kindred Healthcare, Inc. 2001 Stock Incentive Plan, Amended and Restated (the “Plan”);

 WHEREAS, the Plan provides for the award to participants in the Plan of stock bonuses of common stock of Kindred Healthcare, Inc., par
value $.25 per share (the “Common Stock”). 
 NOW THEREFORE, in consideration of the premises and the mutual covenants hereinafter
set forth, the parties hereto hereby agree as follows: 
 1. Grant of Stock Bonus. Pursuant and subject to the terms and conditions
set forth herein and in the Plan, the Company hereby grants to the Participant                      shares of Common Stock (the
“Shares,” and this grant shall be referred to herein as the “Award”). The Shares shall vest only in accordance with the provisions of this Agreement and of the Plan. The certificates representing the Shares, together with stock
powers duly authorized in blank by the Participant, shall be deposited with the Company to be held by it until the Shares vest in accordance with Section 3 hereof or are forfeited in accordance with Section 4. All capitalized terms used
herein and not defined herein shall have the meanings assigned to them in the Plan. 
 2. Non-Transferability. Prior to the vesting of
the Shares as described in Section 3 hereof, neither the Shares nor the rights represented thereby shall be assignable, transferable, pledged or otherwise encumbered under any circumstances. In addition, the Shares and the rights represented
thereby shall not be assignable or transferable for 90 days after the date of this Agreement. Such 90 day transfer restriction shall not subject the Shares to a substantial risk of forfeiture. Any purported or attempted transfer of such Shares or
such rights in contravention of this Section 2 shall be null and void and shall result in the immediate forfeiture of the Shares. 
 3.
Vesting of Shares. 
 (a) Except as provided in Section 3(b) and Section 4, the Shares subject to this Award shall vest and
become fully transferable without restriction on                     ,
            . 
 (b) Notwithstanding the foregoing, in the event of
(1) a Change in Control or (2) the death or Disability of the Participant, the Shares shall automatically vest, all restrictions 

  

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on the Shares shall lapse and the Company shall deliver to Participant a certificate representing the Shares; provided, however, in no event may the vesting
of any Shares held by an Participant subject to Section 16(b) of the Exchange Act be accelerated until such time as the vesting would not violate Section 16(b). 
 4. Forfeiture of Shares. If the employment of the Participant with the Company shall terminate for any reason other than death or Disability, all of the Shares which have not vested in accordance with
Section 3 of this Agreement shall be forfeited and reconveyed to the Company by Participant without additional consideration and Participant shall have no further rights with respect thereto. 
 5. Modification and Waiver. Except as provided in the Plan with respect to determinations of the Committee and subject to the Company’s right
to amend the Plan, neither this Agreement nor any provision hereof can be changed, modified, amended, discharged, terminated or waived orally or by any course of dealing or purported course of dealing, but only by an agreement in writing signed by
the Participant and the Company. No such agreement shall extend to or affect any provision of this Agreement not expressly changed, modified, amended, discharged, terminated or waived or impair any right consequent on such a provision. The waiver of
or failure to enforce any breach of this Agreement shall not be deemed to be a waiver or acquiescence in any other breach thereof. 
 6.
Rights as Stockholder. Participant shall be considered a stockholder of the Company with respect to all the Shares and shall have all rights appurtenant thereto, including the right to vote or consent to all matters that may be
presented to the stockholders and to receive all dividends and other distributions paid on such Shares. 
 7. Adjustment Upon Changes in
Common Stock 
 (a) In the event of any change in the capitalization of the Company or other corporate change or transaction involving
the Company or its securities, the Committee shall make equitable adjustments in the number and class of shares subject to the Award outstanding on the date on which such change occurs. 
 (b) In the event of (i) a dissolution or liquidation of the Company, (ii) a sale of all or substantially all of the Company’s assets,
(iii) a merger or consolidation involving the Company in which the Company is not the surviving corporation or (iv) a merger or consolidation involving the Company in which the Company is the surviving corporation but the holders of shares
of Common Stock receive securities of another corporation and/or other property, including cash, the Committee shall either: 
 (i) cancel
each Share outstanding immediately prior to such event (whether or not then vested), and, in full consideration of such cancellation, pay to the 

  

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Participant an equitable amount in cash for each Share equal to the value of the property (including cash) received by the holder of a share of Common Stock;
or 
 (ii) provide for the exchange of each Share outstanding immediately prior to such event (whether or not then vested) for an option, a
stock appreciation right or a share of restricted stock with respect to, as appropriate, some or all of the property which a holder of the number of shares of Common Stock subject to the Award would have received in such transaction and, incident
thereto, make an equitable adjustment in the exercise price of the option or stock appreciation right, or the number of shares or amount of property subject to the option, stock appreciation right or share of restricted stock, or, if appropriate,
provide for a cash payment to the Participant in partial consideration for the exchange of the Shares. 
 8. Governing Law. This
Agreement shall be governed by and construed in accordance with the laws of the State of Delaware. 
 9. Participant Acknowledgment.
The Participant hereby acknowledges receipt of a copy of the Plan and a Plan prospectus. 
 10. Incorporation of Plan. All terms and
provisions of the Plan are incorporated herein and made part hereof as if stated herein. If any provision hereof and of the Plan shall be in conflict, the terms of the Plan shall govern. 
 11. Entire Agreement. This Agreement and the Plan represent the final, complete and total agreement of the parties hereto respecting the Shares
and the matters discussed herein and this Agreement supersedes any and all previous agreements and understandings, whether written, oral or otherwise, relating to the Shares and such matters. 
 12. No Contract of Employment. This Agreement shall not confer upon the Participant any right with respect to the continuation of such
Participant’s employment by the Company or prohibit the Company at any time from terminating such employment or increasing or decreasing the base salary or other compensation for such Participant. 
  

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 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly executed by its duly authorized
officer and said Participant has hereunto signed this Agreement on the Participant’s own behalf, thereby representing that the Participant has carefully read and understands this Agreement and the Plan, as of the day and year first above
written. 
  

			
	KINDRED HEALTHCARE, INC.
	
	  

	By:	 	Richard A. Lechleiter
	Title:	 	Executive Vice President and
		 	Chief Financial Officer
	
	  

	[Name of Participant]

  

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