Document:

Exhibit 4.2

 Exhibit 4.2 
 FIRST AMENDMENT TO 
 AMENDED AND RESTATED RIGHTS AGREEMENT 
 This First Amendment to Amended and Restated Rights Agreement, dated as of this 18th day of August, 2006 (this “Amendment”), is between Sizeler Property Investors, Inc., a Maryland corporation (the “Company”), and The Bank
of New York, a New York banking corporation (the “Rights Agent”). 
 WHEREAS, the Company and the Rights Agent constitute all of
the parties to that certain Amended and Restated Rights Agreement dated as of August 6, 1998 and restated as of August 2, 2005 by and among the Company and the Rights Agent (the “Amended and Restated Rights Agreement”);

 WHEREAS, the Company has delivered an appropriate certificate as described in Section 26 of the Amended and Restated Rights
Agreement; 
 WHEREAS, pursuant to Section 26 of the Amended and Restated Rights Agreement, the Company desires and directs the Rights
Agent to amend the Amended and Restated Rights Agreement as set forth below; and 
 WHEREAS, all capitalized terms not otherwise defined
herein shall have the meanings ascribed to such terms in the Amended and Restated Rights Agreement. 
 NOW, THEREFORE, in consideration of
the premises and the mutual agreements herein contained, and intending to be legally bound hereby, the parties hereto do hereby agree as follows: 
 Section 1. Recitals. 
 The recitals are hereby incorporated into this Amendment as if hereinafter set forth. 
 Section 2. Amendments to Section 1. 
 (a) The first sentence of Section 1(a) of the Amended and Restated Rights Agreement is hereby amended by deleting the word “or” immediately prior to the “(iv)” and adding the following: 
 “, and (v) each of Acquiror and Merger Sub and each of their Affiliates and Associates shall not be or become an “Acquiring Person”
as the result of the execution and delivery of, or the consummation of the transactions set forth in, the Merger Agreement, or any action taken by the Board of Directors of the Company or any committee thereof relating to the Merger (as defined in
the Merger Agreement) or any public announcement relating to the Merger.” 

 (b) Section 1(g) of the Amended and Restated Rights Agreement relating to the definitions of
“Beneficial Owner” and “beneficially own” is amended by adding the following at the end thereof: 
 “Notwithstanding
anything contained in this Agreement to the contrary, neither Acquiror and Merger Sub nor any of their Affiliates or Associates shall be deemed to be the Beneficial Owner of, nor to beneficially own, any shares of Common Stock of the Company solely
by virtue of the approval, execution or delivery of the Merger Agreement, or the consummation of the Merger and the other transactions contemplated by the Merger Agreement.” 
 (c) Section 1 of the Amended and Restated Rights Agreement is amended by adding the following at the end thereof: 
 “(tt) The following additional terms have the meanings indicated: 
 “Acquiror” shall mean Revenue Properties Company Limited, a corporation formed under the laws of Ontario. 
 “Merger” shall mean the merger of the Company with and into Merger Sub with Merger Sub surviving in accordance with the Maryland General Corporation Law upon the terms and subject to the conditions set forth in the Merger
Agreement. 
 “Merger Agreement” shall mean the Agreement and Plan of Merger, to be entered into by and among the Company, Acquiror
and Merger Sub.” 
 “Merger Sub” shall mean Revenue Properties (Sizeler) Inc., a wholly-owned subsidiary of Acquiror and a
Maryland corporation. 
 Section 3. Expiration Date. 
 Section 7(a) of the Amended and Restated Rights Agreement is hereby amended by deleting in its entirety the following text “(iii) the expiration of the Rights pursuant to Section 13(d) (the earliest of
(i), (ii) and (iii) being herein referred to as the “Expiration Date”).” and replacing it with the following: 
 “, (iii) the expiration of the Rights pursuant to Section 13(d), or (iv) the time immediately prior to the Effective Time (as defined in the Merger Agreement) of the Merger; whereupon the Rights shall expire (the earlier
of (i), (ii), (iii) and (iv) being herein referred to as the “Expiration Date”).” 
  

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 Section 4. New Section 34. 
 The following is added as a new Section 34 to the Agreement: 
 “Section 34. Acquiror, Meger Sub, Merger, etc. 
 Notwithstanding anything in this
Agreement to the contrary, none of the approval, execution or delivery of the Merger Agreement or the consummation of the Merger and the other transactions contemplated by the Merger Agreement shall cause (i) Acquiror, Merger Sub or any of
their Affiliates or Associates to be deemed an Acquiring Person, (ii) a Stock Acquisition Date to occur, (iii) a Distribution Date to occur in accordance with the terms hereof, which Distribution Date, if any, shall instead be indefinitely
deferred until such time as the Board of Directors may otherwise determine, or (iv) a Triggering Event.” 
 Section 5. New
Section 35. 
 The following is added as a new Section 35 to the Agreement: 
 “Section 35. Termination Upon Expiration Date. 
 Notwithstanding anything to the contrary in this Agreement, upon the Expiration Date and without any further action, this Agreement, the Rights, and the right to exercise the Rights provided for hereunder shall
terminate and be of no further force void.” 
 Section 6. Severability. 
 If any term, provision, covenant or restriction of this Amendment is held by a court of competent jurisdiction or other authority to be invalid, void or
unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Amendment shall remain in full force and effect and shall in no way be affected, impaired or invalidated. 
 Section 7. Governing Law. 
 This
Amendment shall be deemed to be a contract made under the laws of the State of Maryland (excluding the choice of law provisions) and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to
contracts made and to be performed entirely within such State; provided, however, that the rights and obligations of the Rights Agent shall be governed by and construed in accordance with the laws of the State of New York. 
  

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 Section 8. Counterparts. 
 This Amendment may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all
such counterparts shall together constitute but one and the same instrument. 
 Section 9. Effect of Amendment. 
 Except as expressly modified herein, the Amended and Restated Rights Agreement shall remain in full force and effect. 
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and their
respective corporate seals to be hereunto affixed and attested, all as of the day and year first above written. 
  

									
	Attest:	 		 	SIZELER PROPERTY INVESTORS, INC.
				
	/s/ Guy M. Cheramie	 		 	By:	 	/s/ Thomas A. Masilla, Jr.
	Name:	 	Guy M. Cheramie	 		 	Name:	 	Thomas A. Masilla, Jr.
	Title:	 	CFO	 		 	Title:	 	President
			
	Attest:	 		 	THE BANK OF NEW YORK
				
	/s/ John I. Sivertsen	 		 	By:	 	/s/ Margaret Villani
					
	Name: 	 	John I. Sivertsen	 		 	Name: 	 	Margaret Villani
	Title:	 	Vice President	 		 	Title:	 	Assistant Vice PresidentStock Unit Award Agreement

 Exhibit 10.1 
 NATIONWIDE HEALTH PROPERTIES, INC. 
 2005 PERFORMANCE INCENTIVE PLAN 
 STOCK UNIT AWARD AGREEMENT 
 THIS
STOCK UNIT AWARD AGREEMENT (this “Agreement”) is dated as of August 15, 2006 by and between Nationwide Health Properties, Inc., a Maryland corporation (the “Corporation”), and Douglas M. Pasquale (the
“Executive”). 
 WITNESSETH 
 WHEREAS, pursuant to the Nationwide Health Properties, Inc. 2005 Performance Incentive Plan (the “Plan”), the Corporation has granted to the Executive effective as of the date hereof (the
“Award Date”), a credit of stock units under the Plan (the “Award”), upon the terms and conditions set forth herein and in the Plan. 
 NOW THEREFORE, in consideration of services rendered and to be rendered by the Executive, and the mutual promises made herein and the mutual benefits to be derived therefrom, the parties agree as follows:

 1. Defined Terms. Capitalized terms used herein and not otherwise defined herein shall have the meaning assigned to
such terms in the Plan. 
 2. Grant. Subject to the terms of this Agreement, the Corporation hereby grants to the
Executive an Award with respect to an aggregate of 120,967.74 stock units (subject to adjustment as provided in Section 7.1 of the Plan) (the “Stock Units”). As used herein, the term “stock unit” shall mean a
non-voting unit of measurement which is deemed for bookkeeping purposes to be equivalent to one outstanding share of the Corporation’s Common Stock (subject to adjustment as provided in Section 7.1 of the Plan) solely for purposes of the
Plan and this Agreement. The Stock Units shall be used solely as a device for the determination of the payment to eventually be made to the Executive if such Stock Units vest pursuant to Section 3. The Stock Units shall not be treated as
property or as a trust fund of any kind. 
 3. Vesting. Subject to Section 8 below, the Award shall vest and become
nonforfeitable with respect to fifty percent (50%) of the total number of Stock Units (subject to adjustment under Section 7.1 of the Plan) on the fifth anniversary of the Award Date, and with respect to ten percent (10%) of the total
number of Stock Units (subject to adjustment under Section 7.1 of the Plan) on each of the sixth through tenth anniversaries of the Award Date. 
 4. Continuance of Employment. The vesting schedule requires continued employment or service through each applicable vesting date as a condition to the vesting of the applicable installment of the
Award and the rights and benefits under this Agreement. Except as expressly provided in Sections 8(b) and 8(c), employment or service for only a portion of the vesting period, even if a substantial portion, will not entitle the Executive to any
proportionate vesting or avoid or mitigate a termination of rights and benefits upon or following a termination of employment or services as provided in Section 8 below or under the Plan. 
 Nothing contained in this Agreement or the Plan constitutes an employment or service commitment by the Corporation, confers upon the Executive any right
to remain employed by or 

 
in service to the Corporation or any Subsidiary, or affects the right of the Corporation or any Subsidiary to increase or decrease the Executive’s other
compensation or benefits. Nothing in this paragraph, however, is intended to adversely affect any independent contractual right of the Executive without his consent thereto. 
 5. Dividend and Voting Rights. 
 (a) Limitations on Rights Associated with Units. The Executive shall have no rights as a stockholder of the Corporation, no dividend rights (except as expressly provided in Section 5(b) with respect
to Dividend Equivalent Rights) and no voting rights, with respect to the Stock Units and any shares of Common Stock underlying or issuable in respect of such Stock Units until such shares of Common Stock are actually issued to and held of record by
the Executive. No adjustments will be made for dividends or other rights of a holder for which the record date is prior to the date of issuance of the stock certificate. 
 (b) Dividend Equivalent Rights. In the event that the Corporation pays an ordinary cash dividend on its Common Stock and the
related dividend payment record date occurs at any time after the Award Date and before all of the Stock Units subject to the Award have either been paid pursuant to Section 7 or terminated pursuant to Section 8, the Corporation shall
credit the Executive as of the last day of the calendar quarter in which such record date occurs (the “Crediting Date”) with an additional number of Stock Units equal to (i) the per-share cash dividend paid by the Corporation
on its Common Stock with respect to such record date, multiplied by (ii) the total number of outstanding and unpaid Stock Units (including any dividend equivalents previously credited hereunder) (with such total number adjusted pursuant to
Section 7.1 of the Plan and/or Section 9 hereof) subject to the Award as of such record date, divided by (iii) the fair market value of a share of Common Stock (as determined under the Plan) on the Crediting Date. Any Stock Units
credited pursuant to the foregoing provisions of this Section 5(b) shall be subject to the same vesting, payment and other terms, conditions and restrictions as the original Stock Units to which they relate. No crediting of Stock Units shall be
made pursuant to this Section 5(b) with respect to any Stock Units which, as of such record date, have either been paid pursuant to Section 7 or terminated pursuant to Section 8. Notwithstanding the above, 46/92 (the number of days
remaining in the quarter after the Award Date divided by the total number of days in the quarter) of the dividend payable September 1, 2006, shall be payable in additional stock units on and applicable to the Stock Units and shall be credited on the
Crediting Date of September 30, 2006. 
 (c) Special Crediting Date. Notwithstanding Section 5(b), if the
vesting of the Award is accelerated in whole or in part pursuant to a Change in Control Event as provided in Section 7.2 of the Plan or a termination of the Executive’s employment pursuant to Section 8 hereof (an “Acceleration
Event”), and the Corporation pays an ordinary cash dividend on its Common Stock for which the related dividend payment record date occurs during the calendar quarter in which the Acceleration Event occurs and before the occurrence of such
Acceleration Event, a Crediting Date shall be deemed to have occurred on the date of such Acceleration Event (a “Special Crediting Date”), and the Corporation shall credit the Executive as of such Special Crediting Date with an
additional number of Stock Units equal to (i) the per-share cash dividend paid by the Corporation on its Common Stock with respect to each such record date, multiplied by (ii) the total number of outstanding and unpaid Stock Units
(including any dividend equivalents previously credited hereunder) (with such total number adjusted pursuant to Section 7.1 of the Plan and/or Section 9 hereof) subject to the Award as of such record date, divided by (iii) the fair
market value of a share of Common Stock on the Special Crediting Date. Any Stock Units credited pursuant to the foregoing provisions of this Section 5(c) shall be subject to the 

 
same vesting, payment and other terms, conditions and restrictions as the original Stock Units to which they relate. No crediting of Stock Units shall be
made pursuant to this Section 5(c) with respect to any Stock Units which, as of such record date, have either been paid pursuant to Section 7 or terminated pursuant to Section 8. For purposes of clarity, the Executive will not be
entitled to a credit of additional Stock Units under both Section 5(b) and this Section 5(c) with respect to any one dividend payment record date. 
 6. Restrictions on Transfer. Neither the Award, nor any interest therein or amount or shares payable in respect thereof may be sold, assigned, transferred, pledged or otherwise disposed of,
alienated or encumbered, either voluntarily or involuntarily. The transfer restrictions in the preceding sentence shall not apply to (a) transfers to the Corporation, or (b) transfers by will or the laws of descent and distribution.

 7. Timing and Manner of Payment of Stock Units. Except as provided below with respect to an Acceleration Event, on or as
soon as administratively practical after the last day of any calendar quarter in which any Stock Units subject to the Award became vested, the Corporation shall deliver to the Executive a number of shares of Common Stock (either by delivering one or
more certificates for such shares or by entering such shares in book entry form, as determined by the Corporation in its discretion) equal to the number of such Stock Units that vested during such calendar quarter (including any vested Stock Units
credited in respect of Dividend Equivalent Rights for such calendar quarter pursuant to Section 5(b) hereof); provided, however, that the Executive may elect, on a form and in a manner prescribed by the Administrator, to defer any such payment
of vested Stock Units, provided that such election must be made no less than twelve (12) months before such payment would otherwise be made, must defer such payment for a period of not less than five (5) years, and must otherwise comply
with any applicable requirements of Section 409A of the Code. Notwithstanding the foregoing sentence, upon the occurrence of an Acceleration Event, the Stock Units that have vested as of the date of such Acceleration Event (after giving effect
to any accelerated vesting in connection with such event and the crediting of any Dividend Equivalent Rights pursuant to Section 5(c) hereof) shall be paid promptly after such Acceleration Event. The Corporation’s obligation to deliver
shares of Common Stock or otherwise make payment with respect to vested Stock Units is subject to the condition precedent that the Executive or other person entitled under the Plan to receive any shares with respect to the vested Stock Units deliver
to the Corporation any representations or other documents or assurances required pursuant to Section 8.1 of the Plan. The Executive shall have no further rights with respect to any Stock Units that are paid pursuant to this Section 7 or
that terminate pursuant to Section 8. 
 8. Effect of Termination of Employment. 
 (a) General. Subject to Sections 8(b) and 8(c), the Executive’s Stock Units shall terminate to the extent such units
have not become vested prior to the first date the Executive is no longer employed by the Corporation or one of its Subsidiaries, regardless of the reason for the termination of the Executive’s employment with the Corporation or a Subsidiary,
whether with or without cause, voluntarily or involuntarily. If any unvested Stock Units are terminated hereunder, such Stock Units shall automatically terminate and be cancelled as of the applicable termination date without payment of any
consideration by the Corporation and without any other action by the Executive, or the Executive’s beneficiary or personal representative, as the case may be. 

 (b) Death or Disability. Notwithstanding Section 8(a) or any other
provision of this Agreement or the Plan, in the event that the Executive’s employment with the Corporation and its Subsidiaries terminates due to the Executive’s death or Disability (as defined below): 
  

	 	•	 	at any time prior to the fifth anniversary of the Award Date, the Award shall vest and become nonforfeitable with respect to 1.6667% of the total number of Stock Units (subject
to adjustment under Section 7.1 of the Plan) for each month of Executive’s employment with the Corporation (measured with reference to monthly anniversaries of the Award Date) after the Award Date and ending with the date of such
termination of the Executive’s employment (rounded up to the nearest whole share); and 

  

	 	•	 	at any time on or after the fifth anniversary of the Award Date, the Award shall become fully vested and nonforfeitable as of the date of such termination of the Executive’s
employment. 

 For purposes of this Section 8(b), the term “Disability” shall have the meaning ascribed
to such term in that certain Employment Agreement dated September 30, 2003 by and between the Corporation and the Executive (the “Employment Agreement”). Any Stock Units subject to the Award that are not vested after giving
effect to the foregoing provisions of this Section 8(b) shall terminate as of the date of termination of the Executive’s employment. If any unvested Stock Units are terminated hereunder, such Stock Units shall automatically terminate and
be cancelled as of the applicable termination date without payment of any consideration by the Corporation and without any other action by the Executive, or the Executive’s beneficiary or personal representative, as the case may be. 

(c) Certain Terminations of Employment. Notwithstanding Section 8(a) or any other provision of this Agreement or the
Plan, in the event that the Executive’s employment with the Corporation and its Subsidiaries is terminated (i) by the Corporation or a Subsidiary without Cause (as such term is defined in the Employment Agreement, and other than due to the
Executive’s death or Disability) or (ii) by the Executive for Good Reason (as such term is defined in the Employment Agreement), the Award shall become fully vested and nonforfeitable as of the date of such termination of the
Executive’s employment. 
 9. Adjustments Upon Specified Events. The Administrator may accelerate payment and
vesting of the Stock Units in such circumstances as it, in its sole discretion, may determine. In addition, upon the occurrence of certain events relating to the Corporation’s stock contemplated by Section 7.1 of the Plan (including,
without limitation, an extraordinary cash dividend on such stock), the Administrator shall make adjustments in accordance with such section in the number of Stock Units then outstanding and the number and kind of securities that may be issued in
respect of the Award. No such adjustment shall be made with respect to any ordinary cash dividend for which dividend equivalents are credited pursuant to Section 5(b). 

 10. Tax Withholding. Subject to Section 8.1 of the Plan and such rules and
procedures as the Administrator may impose, upon any distribution of shares of Common Stock in respect of the Stock Units, the Corporation shall automatically reduce the number of shares to be delivered by (or otherwise reacquire) the appropriate
number of whole shares, valued at their then fair market value (with the “fair market value” of such shares determined in accordance with the applicable provisions of the Plan), to satisfy any withholding obligations of the Corporation or
its Subsidiaries with respect to such distribution of shares at the minimum applicable withholding rates. In the event that the Corporation cannot legally satisfy such withholding obligations by such reduction of shares, or in the event of a cash
payment or any other withholding event in respect of the Stock Units, the Corporation (or a Subsidiary) shall be entitled to require a cash payment by or on behalf of the Executive and/or to deduct from other compensation payable to the Executive
any sums required by federal, state or local tax law to be withheld with respect to such distribution or payment. 
 11.
Notices. Any notice to be given under the terms of this Agreement shall be in writing and addressed to the Corporation at its principal office to the attention of the Chief Financial Officer, and to the Executive at the
Executive’s last address reflected on the Corporation’s records, or at such other address as either party may hereafter designate in writing to the other. Any such notice shall be given only when received, but if the Executive is no longer
an employee of the Corporation, shall be deemed to have been duly given by the Corporation when enclosed in a properly sealed envelope addressed as aforesaid, registered or certified, and deposited (postage and registry or certification fee prepaid)
in a post office or branch post office regularly maintained by the United States Government. 
 12. Plan. The Award and
all rights of the Executive under this Agreement are subject to the terms and conditions of the provisions of the Plan, incorporated herein by reference. The Executive agrees to be bound by the terms of the Plan and this Agreement. The Executive
acknowledges having read and understanding the Plan, the Prospectus for the Plan, and this Agreement. Unless otherwise expressly provided in other sections of this Agreement, provisions of the Plan that confer discretionary authority on the Board or
the Administrator do not (and shall not be deemed to) create any rights in the Executive unless such rights are expressly set forth herein or are otherwise in the sole discretion of the Board or the Administrator so conferred by appropriate action
of the Board or the Administrator under the Plan after the date hereof. 
 13. Entire Agreement. This Agreement
and the Plan together constitute the entire agreement and supersede all prior understandings and agreements, written or oral, of the parties hereto with respect to the subject matter hereof. The Plan and this Agreement may be amended pursuant to
Section 8.6 of the Plan. Such amendment must be in writing and signed by the Corporation. The Corporation may, however, unilaterally waive any provision hereof in writing to the extent such waiver does not adversely affect the interests of the
Executive hereunder, but no such waiver shall operate as or be construed to be a subsequent waiver of the same provision or a waiver of any other provision hereof. 
 14. Limitation on Executive’s Rights. Participation in the Plan confers no rights or interests other than as herein provided. This Agreement creates only a contractual obligation on the part
of the Corporation as to amounts payable and shall not be construed as creating a trust. Neither the Plan nor any underlying program, in and of itself, has any assets. The Executive 

 
shall have only the rights of a general unsecured creditor of the Corporation with respect to amounts credited and benefits payable, if any, with respect to
the Stock Units, and rights no greater than the right to receive the Common Stock as a general unsecured creditor with respect to Stock Units, as and when payable hereunder. 
 15. Counterparts. This Agreement may be executed simultaneously in any number of counterparts, each of which shall be deemed an
original but all of which together shall constitute one and the same instrument. 
 16. Section Headings. The section
headings of this Agreement are for convenience of reference only and shall not be deemed to alter or affect any provision hereof. 
 17. Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of Maryland without regard to conflict of law principles thereunder. 
 18. Construction. It is intended that the terms of the Award will not result in the imposition of any tax liability pursuant to
Section 409A of the Code. The Agreement shall be construed and interpreted consistent with that intent. 
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 IN WITNESS WHEREOF, the Corporation has caused this Agreement to be executed on its behalf and the
Executive has hereunto set his hand as of the date and year first above written. 
  

									
	NATIONWIDE HEALTH PROPERTIES, INC.	 		 	EXECUTIVE
	A Maryland corporation	 		 	
					
	 By:
	 	 /s/ Abdo H. Khoury
	 		 		 	 /s/ Douglas M. Pasquale

		 		 		 	 Douglas M. Pasquale

	 Print Name: Abdo H. Khoury
	 		 		 	
					
	 Its:
	 	Senior Vice President and
Chief Financial and Portfolio Officer

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