Document:

Side Letter

 Exhibit 10.10 

 
 

  

			
	 Ventas Realty, Limited Partnership
	  	 10350 Ormsby Park Place
 Suite 300
 Louisville, KY 40223
 T 502.357-9000
 F 502.357-9029

May 23, 2012 
 Kindred Healthcare, Inc.

 Kindred Healthcare Operating, Inc. 

680 South Fourth Street 
 Louisville, KY
40202-2612 
  

	 	Re:	Second Amended and Restated Master Lease Agreement Nos. 1, 2, 3 and 4, each dated April 27, 2007 and each by and among Ventas Realty, Limited Partnership, as
lessor, and Kindred Healthcare, Inc. and Kindred Healthcare Operating, Inc., as tenant (as heretofore amended or modified, individually a “Master Lease” and collectively, the “Master Leases”)

 Dear Ladies and Gentlemen: 
 Reference is made to the Master Leases. Capitalized terms that are used herein and not otherwise defined shall have the same meanings herein as in the Master Leases. 

Pursuant to this letter, Lessor and Tenant hereby agree as follows: 

 

	 	1.	Attached hereto as Exhibit A is a list of fifty-four (54) skilled nursing facilities (each, a “Terminating Leased Property”), as to which the
Master Lease applicable thereto is terminating as to such Terminating Leased Property as of April 30, 2013 (or such earlier date as specified below). Notwithstanding anything to the contrary in the Master Leases, Lessor and Tenant hereby amend
each of the Master Leases as follows: 

  

	 	(a)	To facilitate the transfers and transitions described below in this Section 1, Lessor and Tenant hereby agree to amend the Master Leases as follows, effective as
of the date of this letter: 

  

	 	i.	In the case of Second Amended and Restated Master Lease Agreement No. 1: 

 

	 	    	(x) The definition of "Base Rent" contained in such Master Lease is hereby amended and restated in its entirety to read as follows: 

  
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May 23, 2012 
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 “"Base Rent": (a) For any period prior to May 23, 2012, rent
at the annual rate applicable for such period under this Lease prior to its amendment by that certain letter agreement dated May 23, 2012 between Lessor and Tenant, (b) for the period from May 23, 2012 to April 30,
2013, rent at an annual rate equal to One Hundred Nine Million Five Hundred Eighty-Seven Thousand Forty-Two and 56/100 Dollars ($109,587,042.56) per annum, and (c) for a particular Rent Calculation Year thereafter, an annual rental amount equal
to the sum of (i) the Prior Period Base Rent, plus (ii) if the Patient Revenues for the calendar year preceding the commencement of such Rent Calculation Year equaled or exceeded seventy-five percent (75%) of the Adjusted Base Patient
Revenues, two and seven-tenths percent (2.7%) of the Prior Period Base Rent. Notwithstanding the foregoing, nothing contained in this definition shall limit the applicability of Section 19.2 and Section 19.3
hereof.” 
  

	 	(y)	Exhibit C to such Master Lease is hereby amended and restated in its entirety to read as set forth in Exhibit A-1 attached to and made a part of this letter.

  

	 	ii.	In the case of Second Amended and Restated Master Lease Agreement No. 2: 

 

	 	(x)	The definition of "Base Rent" contained in such Master Lease is hereby amended and restated in its entirety to read as follows: 

“"Base Rent": (a) For any period prior to May 23, 2012, rent at the annual rate applicable for such period under this Lease prior to
its amendment by that certain letter agreement dated May 23, 2012 between Lessor and Tenant, (b) for the period from May 23, 2012 to April 30, 2013, rent at an annual rate equal to Sixty-Four Million Nine Hundred Seventy-One
Thousand One Hundred Thirty-Eight and 90/100 Dollars ($64,971,138.90) per annum, and (c) for a particular Rent Calculation Year thereafter, an annual rental amount equal to the sum of (i) the Prior Period Base Rent, plus (ii) if
the Patient Revenues for the calendar year preceding the commencement of such Rent Calculation Year equaled or exceeded seventy-five percent (75%) of the Adjusted Base Patient Revenues, the product of (x) the Prior Period Base Rent times
(y)(1) two and twenty-five hundredths percent (2.25%), if the CPI Increase, expressed as a percentage, applicable to such Rent Calculation Year is less than 2.25%, (2) four percent (4%), if the CPI Increase, expressed as a percentage,
applicable to such Rent Calculation Year is greater than 4%, or (3) the CPI Increase, expressed as a percentage, applicable to such Rent Calculation Year, in all other cases. Notwithstanding the foregoing, nothing contained in this definition
shall limit the applicability of Section 19.2 and Section 19.3 hereof.” 

  
 Kindred Healthcare, Inc.

 Kindred Healthcare Operating, Inc. 

May 23, 2012 
 Page 3 

 

	 	(y)	Exhibit C to such Master Lease is hereby amended and restated in its entirety to read as set forth in Exhibit A-2 attached to and made a part of this letter.

  

	 	iii.	In the case of Second Amended and Restated Master Lease Agreement No. 3: 

 

	 	(x)	The definition of "Base Rent" contained in such Master Lease is hereby amended and restated in its entirety to read as follows: 

“"Base Rent": For any period prior to May 23, 2012, rent at the annual rate applicable for such period under this Lease prior to its
amendment by that certain letter agreement dated May 23, 2012 between Lessor and Tenant, (b) for the period from May 23, 2012 to April 30, 2013, rent at an annual rate equal to Forty Million Three Hundred Thirty-Two Thousand
Two Hundred Sixty-Nine and 81/100 Dollars ($40,332,269.81) per annum, and (c) for a particular Rent Calculation Year thereafter, an annual rental amount equal to the sum of (i) the Prior Period Base Rent, plus (ii) if the Patient
Revenues for the calendar year preceding the commencement of such Rent Calculation Year equaled or exceeded seventy-five percent (75%) of the Adjusted Base Patient Revenues, two and seven-tenths percent (2.7%) of the Prior Period Base
Rent. Notwithstanding the foregoing, nothing contained in this definition shall limit the applicability of Section 19.2 and Section 19.3 hereof.” 

 

	 	(y)	Exhibit C to such Master Lease is hereby amended and restated in its entirety to read as set forth in Exhibit A-3 attached to and made a part of this letter.

  

	 	iv.	In the case of Second Amended and Restated Master Lease Agreement No. 4: 

 

	 	(x)	The definition of "Base Rent" contained in such Master Lease is hereby amended and restated in its entirety to read as follows: 

“"Base Rent": (a) For any period prior to May 23, 2012, rent at the annual rate applicable for such period under this Lease prior to
its amendment by that certain letter agreement dated May 23, 2012 between Lessor and Tenant, (b) for the period from May 23, 2012 to April 30, 2013, rent at an annual rate equal to Forty-Seven Million Sixteen Thousand Two
Hundred Twenty-Four and 69/100 Dollars ($47,016,224.69) per annum, and (c) for a particular Rent 

  
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May 23, 2012 
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Calculation Year thereafter, an annual rental amount equal to the sum of (i) the Prior Period Base Rent, plus (ii) if the Patient Revenues for the calendar year preceding the
commencement of such Rent Calculation Year equaled or exceeded seventy-five percent (75%) of the Adjusted Base Patient Revenues, two and seven-tenths percent (2.7%) of the Prior Period Base Rent. Notwithstanding the foregoing, nothing
contained in this definition shall limit the applicability of Section 19.2 and Section 19.3 hereof” 
  

	 	(y)	Exhibit C to such Master Lease is hereby amended and restated in its entirety to read as set forth in Exhibit A-4 attached to and made a part of this letter.

  

	 	    	(b) At Lessor’s request, from time to time from and after the date of this letter, Lessor may notify Tenant of its election to require that a Terminating Leased
Property or Terminating Leased Properties identified by Lessor in its notice (each, a “Transfer Notice”) be transferred and transitioned as provided in this letter; 

 

	 	    	 (c) Each Transfer Notice shall specify the date (subject to extension as described below, the applicable “Transfer Date”) on which
such transfer and transition is to occur with respect to the identified Terminating Leased Property(ies), which Transfer Date shall be not less than forty-five (45) days after Tenant’s receipt of the applicable Transfer Notice (provided,
however, that (i) if the Transfer Date specified by Lessor in its Transfer Notice is less than ninety (90) days after Tenant’s receipt of such Transfer Notice, then, if Tenant shall reasonably and in good faith determine (which
determination shall be made as soon as practicable) that an extension of the specified Transfer Date is required due to the requirements of the Worker Adjustment and Retraining Notification Act, then, as soon as practicable, but in any event within
fifteen (15) days of such determination by Tenant, Tenant shall so notify Lessor in writing, and the Transfer Date that was specified in Lessor’s Transfer Notice shall be extended to such later date set forth in such notice by Tenant by
which the requirements of the Worker Adjustment and Retraining Notification Act shall be satisfied (which date shall not, in any event, be later than the ninetieth (90th) day after Tenant’s receipt of such Transfer Notice) and (ii) Lessor shall have the right, at its
option by written notice to Tenant from time to time, to extend the Transfer Date (but not beyond April 30, 2013)); 

  

	 	    	(d) The expiration date of the Term for the Terminating Leased Property(ies) identified in Lessor’s applicable Transfer Notice shall be the Transfer Date with
respect thereto, as established pursuant to subsection (c) above; 

  

	 	    	 (e) Each of Lessor and Tenant shall comply with the provisions of Section 40.3 of the Master Leases, and any other applicable provisions of the
Master Leases relating to transfer of operations, in connection with any such early transition and transfer of any Terminating Leased Property(ies) identified from time to time by Lessor (and, in

  
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May 23, 2012 
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addition, as of the applicable Transfer Date with respect to each Terminating Leased Property, Tenant and the applicable replacement operator identified by Lessor shall enter into an Operations
Transfer Agreement that is usual and customary for facilities comparable to the Terminating Leased Property(ies) and otherwise in a form mutually and reasonably agreed upon by Tenant and such replacement operator); and 

 

	 	    	(f) Unless Lessor otherwise notifies Tenant in writing that Tenant may commence a “Facility Termination” (as defined in the Master Leases) with respect to a
Terminating Leased Property, Tenant shall continue to operate such Terminating Leased Property, and Lessor shall have obligations relating to reimbursement of operating deficits (or, if Tenant elects to forego its rights to reimbursement of
operating deficits, Lessor shall be obligated to allow Tenant to pay reduced Base Rent with respect to such Terminating Leased Property as provided in Section 40.3 (and the parties hereby agree that Tenant may make such an election with respect
to a Terminating Leased Property by written notice to Lessor delivered at any time within fifteen (15) days following the termination of the applicable Master Lease with respect to such Terminating Leased Property)), as if Lessor had procured a
“Qualified Successor” and issued a timely “Section 40.3 Notice” (as defined in the Master Leases) with respect thereto (it being agreed that, if Lessor has issued a Transfer Notice with respect to a particular Terminating Leased
Property but, as of the Transfer Date applicable thereto, Lessor is not prepared to complete a transfer and transition of such Terminating Leased Property to a replacement operator, from and after such Transfer Date Lessor and Tenant shall continue
to have the post-expiration and other obligations referenced in Section 40.3 of the applicable Master Lease, as amended by this subsection (f), relating to such Terminating Leased Property). 

 

	 	2.	 An affiliate of Tenant, Kindred Hospitals West, LLC (“Scottsdale Tenant”), and an affiliate of Lessor, Nationwide Health Properties,
LLC (as the successor by merger to Nationwide Health Properties, Inc.) (“Scottsdale Landlord”), are parties to that certain Lease dated as of November 15, 2001 (the “Scottsdale Lease”), pursuant to which
Scottsdale Tenant leases a hospital facility in Scottsdale, Arizona (the “Scottsdale Facility”). Notwithstanding anything to the contrary in the Master Leases or in the Scottsdale Lease, Tenant hereby agrees that, if Scottsdale
Tenant elects to terminate the Scottsdale Lease pursuant to, and in accordance with the terms of, Section 2.3.2 and any other applicable provisions of the Scottsdale Lease, then, in addition to causing Scottsdale Tenant to comply with such
Section 2.3.2, and such other applicable provisions, of the Scottsdale Lease, Tenant shall cause Scottsdale Tenant to shut down and close, remove and relocate all patients/residents, terminate all subleases, vendor and service contracts and
other agreements that Scottsdale Tenant may have entered into with respect to the Scottsdale Facility and fully vacate the Scottsdale Facility, within 90 days of Scottsdale Tenant’s issuance of its notice of such election, in compliance with
all laws and regulatory requirements relating thereto. In connection with such termination, Tenant shall cause Scottsdale Tenant and Lessor shall cause Scottsdale Landlord to execute and deliver a termination agreement in the form of Exhibit B
hereto, which agreement shall be dated as of the 

  
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May 23, 2012 
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effective date of the termination of the Scottsdale Lease (the “Termination of Lease Agreement”; such effective date, the “Termination Date”), and Tenant shall
cause Operator to execute and deliver the Guarantor Consent that is part of such agreement. Prior to the Termination Date, Tenant shall cooperate, and shall cause Scottsdale Tenant to cooperate, and Lessor shall cooperate, and shall cause Scottsdale
Landlord to cooperate, in determining the “Security Deposit Amount”, the “Interest”, “Tax Escrow Amount”, the amount of the tax escrow held by Scottsdale Landlord as of the Termination Date and the amount of the
“Termination Payment” (as each such term is defined in the Termination of Lease Agreement), and such parties shall insert such amounts into the Termination of Lease Agreement prior to execution thereof. 

 

	 	3.	Contemporaneously herewith, Lessor and Tenant are entering into a certain Master Lease Agreement No. 5 bearing even date herewith, relating to ten
(10) hospitals which are currently Leased Properties under the Master Leases and which will, as of May 1, 2013, result in the demising of such Leased Properties under such Master Lease Agreement No. 5, rather than the Master Leases.
Lessor and Tenant agree that, when such change of lease takes effect, each such Leased Property shall be excluded from the Leased Properties under the applicable Master Lease in accordance with the provisions of Section 40.16 of such applicable
Master Lease. 

  

	 	4.	Section 7.2.7(m) of each of the Master Leases is hereby amended and restated in its entirety to read as follows effective as of May 23, 2012:

  

	 	(a)	In the case of Second Amended and Restated Master Lease Agreement No. 1: 

 

	 	    	“(m) Notwithstanding anything to the contrary contained in this Section 7.2 or elsewhere in this Lease, Tenant agrees that, from and after the Effective Date,
the aggregate number of beds licensed for the delivery of hospital care that (i) are sold or delicensed pursuant to Section 7.2.7 of any ML Lease or (ii) are otherwise sold or delicensed in any manner or for any reason, in the case of
either of subsection (i) or (ii) at any time while the Hospital Facility(ies) to which such licensed beds relate are or were leased pursuant to any ML Lease (even if any such Hospital Facility ceases to be leased pursuant to any ML Lease),
must at all times be equal to or less than seventy-one (71) such beds.” 

  

	 	(b)	In the case of Second Amended and Restated Master Lease Agreement No. 2: 

 

	 	    	“(m) Notwithstanding anything to the contrary contained in this Section 7.2 or elsewhere in this Lease, Tenant agrees that, from and after the Effective Date,
the aggregate number of beds licensed for the delivery of hospital care that (i) are sold or delicensed pursuant to Section 7.2.7 of any ML Lease or (ii) are otherwise sold or delicensed in any manner or for any reason, in the case of
either of subsection (i) or (ii) at any time while the Hospital Facility(ies) to which such licensed beds relate are or were leased pursuant to any ML Lease (even if any such Hospital Facility ceases to be leased pursuant to any ML Lease),
must at all times be equal to or less than sixty-seven (67) such beds.” 

  
 Kindred Healthcare, Inc.

 Kindred Healthcare Operating, Inc. 

May 23, 2012 
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	 	(c)	In the case of Second Amended and Restated Master Lease Agreement No. 3: 

 

	 	    	“(m) Notwithstanding anything to the contrary contained in this Section 7.2 or elsewhere in this Lease, Tenant agrees that, from and after the Effective Date,
the aggregate number of beds licensed for the delivery of hospital care that (i) are sold or delicensed pursuant to Section 7.2.7 of any ML Lease or (ii) are otherwise sold or delicensed in any manner or for any reason, in the case of
either of subsection (i) or (ii) at any time while the Hospital Facility(ies) to which such licensed beds relate are or were leased pursuant to any ML Lease (even if any such Hospital Facility ceases to be leased pursuant to any ML Lease),
must at all times be equal to or less than thirty-four (34) such beds.” 

  

	 	(d)	In the case of Second Amended and Restated Master Lease Agreement No. 4: 

 

	 	    	“(m) Notwithstanding anything to the contrary contained in this Section 7.2 or elsewhere in this Lease, Tenant agrees that, from and after the Effective Date,
the aggregate number of beds licensed for the delivery of hospital care that (i) are sold or delicensed pursuant to Section 7.2.7 of any ML Lease or (ii) are otherwise sold or delicensed in any manner or for any reason, in the case of
either of subsection (i) or (ii) at any time while the Hospital Facility(ies) to which such licensed beds relate are or were leased pursuant to any ML Lease (even if any such Hospital Facility ceases to be leased pursuant to any ML Lease),
must at all times be equal to or less than sixty-one (61) such beds.” 

  

	 	5.	In the case of each Master Lease, the term “Leases” shall mean and refer to the leases listed in Exhibit E to such Master Lease and Master Lease
Agreement No. 5 referenced above in this letter. 

  

	 	6.	In the case of each Master Lease, the notice address for Lessor is amended to read as follows: 

“Ventas Realty, Limited Partnership 

c/o Ventas, Inc. 
 353 N. Clark Street, Suite 300 
 Chicago, Illinois 60654

 Attention: Legal Department 

with a copy to: 
 Ventas Realty, Limited Partnership 
 c/o Ventas, Inc. 

353 N. Clark Street, Suite 3300 
 Chicago, Illinois 60654 
 Attention: Asset Management”

  
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May 23, 2012 
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	 	7.	In order to induce Lessor to enter into this letter and Master Lease Agreement No. 5 referenced above, Tenant hereby represents and warrants to Lessor that
Tenant’s entry into this letter and the aforesaid Master Lease Agreement No. 5 does not require that any consent or approval first be obtained from any lender or other third party. In order to induce Tenant to enter into this letter and
Master Lease Agreement No. 5 referenced above, Lessor hereby represents and warrants to Tenant that Lessor’s entry into this letter and the aforesaid Master Lease Agreement No. 5 does not require that any consent or approval first be
obtained from any lender or other third party. 

  

	 	8.	Lessor hereby represents and warrants that, as of the date hereof, Scottsdale Landlord is not aware of any default by Scottsdale Tenant under the Scottsdale Lease or
any event that, but for the passage of time or the giving of notice, would result in a default by Scottsdale Tenant under the Scottsdale Lease. 

 ***** 

  
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May 23, 2012 
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 If you are in agreement with the foregoing matters, please execute and return to the
undersigned the enclosed copy of this letter. 
  

					
	 Very truly yours,
  

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, Chief Administrative
 Officer, General Counsel and Secretary

 AGREED AND ACCEPTED: 
 KINDRED HEALTHCARE, INC., 
 a Delaware corporation 

 

			
	By:	 	/s/ Gregory C. Miller
	 Name: Gregory C. Miller
 Its: Chief Development Officer

 KINDRED HEALTHCARE OPERATING, INC., 
 a Delaware corporation 
  

			
	By:	 	/s/ Gregory C. Miller
	 Name: Gregory C. Miller
 Its: Chief Development Officer

  
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May 23, 2012 
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 JOINDER 

For the avoidance of doubt and although it is not required to do so, the undersigned, as the joint and several Lessor with Ventas Realty,
Limited Partnership under certain of the Master Leases (with respect to Facilities 4614 and 4619), hereby joins in this letter for the purpose of evidencing its consent thereto, joinder therein and agreement to be bound thereby. 

 

			
	VENTAS, INC., a Delaware corporation
		
	By:	 	/s/ T. Richard Riney
		 	 T. Richard Riney, Executive Vice President,
 Chief Administrative Officer, General Counsel and Secretary

 EXHIBIT A 

 

			
	112	  	 Royal Oaks Health Care and Rehab

	132	  	 Madison Healthcare and Rehab

	155	  	 Savannah Rehab and Nursing

	158	  	 Bellingham Health Care and Rehab Services

	216	  	 Boise Health and Rehab

	230	  	 Crosslands Rehab and Healthcare

	278	  	 Oakview Nursing and Rehab

	280	  	 Fountain Circle Health and Rehab

	327	  	 Laurel Ridge Rehab and Nursing

	406	  	 Muncie Health and Rehab

	407	  	 Parkwood Health Care

	453	  	 Medford Rehab and Healthcare

	462	  	 Queen Anne Healthcare

	483	  	 Sage View Care

	506	  	 Presentation Nursing and Rehab

	507	  	 Country Rehab and Nursing

	514	  	 Sachem Skilled Nursing and Rehab

	526	  	 The Eliot Healthcare

	529	  	 Bolton Manor Nursing and Rehab

	539	  	 Newton and Wellesley Alzheimer

	544	  	 Augusta Rehab

	545	  	 Eastside Rehab and Living

	546	  	 Winship Green Nursing

	547	  	 Brewer Rehab and Living

	549	  	 Kennebunk Nursing and Rehab

	550	  	 Norway Rehab and Living

	555	  	 Brentwood Rehab and Nursing

	562	  	 Andrew House Healthcare

	569	  	 Chillicothe Nursing and Rehab

	577	  	 Minerva Park Nursing and Rehab

	582	  	 Colony House Nursing and Rehab

	591	  	 Dover Rehab and Living

	635	  	 Coshocton Health and Rehab

	640	  	 Las Vegas Healthcare and Rehab

	641	  	 Torrey Pines Care

	645	  	 Specialty Care of Marietta

	655	  	 Federal Heights Rehab and Nursing

	704	  	 Guardian Care of Roanoke Rapids

	711	  	 Kinston Rehab and Healthcare

	724	  	 Rehab and Health of Gastonia

	738	  	 Bay View Nursing and Rehab

	767	  	 Colony Oaks Care

	770	  	 Vallhaven Care

	771	  	 Kennedy Park Medical and Rehab

	784	  	 Northfield Centre for Health and Rehab

	806	  	 Chapel Hill Rehab and Healthcare

	822	  	 Primacy Healthcare and Rehab

	824	  	 Specialty Healthcare and Rehab of Mobile

	826	  	 Harbour Pointe Medical and Rehab

	851	  	 Villa Campana Health Care

	853	  	 Kachina Point Health Care and Rehab

	859	  	 Malley Healthcare and Rehab

	873	  	 Brighton Care

	1224	  	 Chestnut Terrace Nursing and Rehab

		  	 

 EXHIBIT A-1 
 Exhibit C for Second Amended and Restated Master Lease Agreement No. 1 
  

											
	ID	  	Name	  	 Annual
 Base Rent
Commencing
May 23, 2012
	 	  	Percentage of
Master Lease
Commencing
May 23, 2012	 
	112	  	 Royal Oaks Health Care and Rehabilitation Center
	  	 	2,744,033.94	  	  	 	2.5040	% 
	113	  	 Southwood Health & Rehabilitation Center
	  	 	1,187,760.60	  	  	 	1.0839	% 
	114	  	 Arden Rehabilitation and Healthcare Center
	  	 	1,036,871.76	  	  	 	0.9462	% 
	127	  	 Northwest Continuum Care Center
	  	 	532,092.96	  	  	 	0.4855	% 
	132	  	 Madison Healthcare and Rehabilitation Center
	  	 	503,006.22	  	  	 	0.4590	% 
	137	  	 Sunnybrook Healthcare and Rehabilitation Specialists
	  	 	991,690.20	  	  	 	0.9049	% 
	140	  	 Wasatch Care Center
	  	 	543,530.64	  	  	 	0.4960	% 
	150	  	 The Tunnell Center for Rehabilitation & Heathcare
	  	 	3,209,172.00	  	  	 	2.9284	% 
	165	  	 Rainier Vista Care Center
	  	 	1,801,094.04	  	  	 	1.6435	% 
	167	  	 Canyonwood Nursing and Rehab Center
	  	 	1,321,101.00	  	  	 	1.2055	% 
	180	  	 Vancouver Health & Rehabilitation Center
	  	 	746,292.60	  	  	 	0.6810	% 
	188	  	 Cypress Pointe Rehabilitation and Health Care Centre
	  	 	1,075,052.04	  	  	 	0.9810	% 
	191	  	 Silas Creek Manor
	  	 	637,415.28	  	  	 	0.5817	% 
	198	  	 Harrington House Nursing and Rehabilitation Center
	  	 	1,633,093.56	  	  	 	1.4902	% 
	218	  	 Canyon West Health and Rehabilitation Center
	  	 	785,639.28	  	  	 	0.7169	% 
	221	  	 Lewiston Rehabilitation & Care Center
	  	 	685,534.92	  	  	 	0.6256	% 
	247	  	 St. George Care and Rehabilitation Center
	  	 	1,242,238.44	  	  	 	1.1336	% 
	280	  	 Fountain Circle Health and Rehabilitation
	  	 	358,004.43	  	  	 	0.3267	% 
	327	  	 Laurel Ridge Rehabilitation and Nursing Center
	  	 	476,005.89	  	  	 	0.4344	% 
	335	  	 Lawton Healthcare Center
	  	 	1,561,528.08	  	  	 	1.4249	% 
	406	  	 Muncie Health & Rehabilitation Center
	  	 	1,871,023.14	  	  	 	1.7073	% 
	409	  	 Mountain Valley Care & Rehabilitation Center
	  	 	435,496.80	  	  	 	0.3974	% 
	416	  	 Park Place Health Care Center
	  	 	1,419,088.56	  	  	 	1.2949	% 
	433	  	 Parkview Acres Care and Rehabilitation Center
	  	 	664,399.56	  	  	 	0.6063	% 
	441	  	 Mountain Towers Healthcare and Rehabilitation Center
	  	 	844,473.84	  	  	 	0.7706	% 
	452	  	 Sunnyside Care Center
	  	 	554,374.68	  	  	 	0.5059	% 
	462	  	 Queen Anne Healthcare
	  	 	1,705,021.09	  	  	 	1.5559	% 
	482	  	 Wind River Healthcare and Rehabilitation Center
	  	 	835,537.80	  	  	 	0.7624	% 
	483	  	 Sage View Care Center
	  	 	796,009.85	  	  	 	0.7264	% 
	501	  	 Blue Hills Alzheimer’s Care Center
	  	 	1,380,531.60	  	  	 	1.2598	% 
	507	  	 Country Rehabilitation and Nursing Center
	  	 	1,313,016.24	  	  	 	1.1981	% 
	516	  	 Hammersmith House Nursing Care Center
	  	 	864,190.56	  	  	 	0.7886	% 
	518	  	 Timberlyn Heights Nursing and Rehabilitation Center
	  	 	716,085.00	  	  	 	0.6534	% 
	529	  	 Bolton Manor Nursing and Rehabilitation Center
	  	 	1,769,021.88	  	  	 	1.6143	% 
	537	  	 Quincy Rehabilitation and Nursing Center
	  	 	824,101.08	  	  	 	0.7520	% 
	550	  	 Norway Rehabilitation & Living Center
	  	 	356,004.40	  	  	 	0.3249	% 
	555	  	 Brentwood Rehabilitation and Nursing Center
	  	 	281,003.48	  	  	 	0.2564	% 
	560	  	 Franklin Woods Nursing and Rehabilitation Center
	  	 	524,610.60	  	  	 	0.4787	% 
	562	  	 Andrew House Healthcare
	  	 	299,003.70	  	  	 	0.2728	% 
	567	  	 The Crossings East Campus
	  	 	722,356.44	  	  	 	0.6592	% 
	572	  	 Winchester Place Nursing and Rehabilitation Center
	  	 	974,448.00	  	  	 	0.8892	% 
	573	  	 Eagle Pond Rehabilitation and Living Center
	  	 	1,676,246.40	  	  	 	1.5296	% 
	577	  	 Minerva Park Nursing and Rehabilitation Center
	  	 	855,010.58	  	  	 	0.7802	% 
	581	  	 Blueberry Hill Skilled Nursing & Rehabilitation Center
	  	 	1,491,028.20	  	  	 	1.3606	% 
	582	  	 Colony House Nursing and Rehabilitation Center
	  	 	1,490,018.43	  	  	 	1.3597	% 

											
	ID	  	Name	  	 Annual
 Base Rent
Commencing
May 23, 2012
	 	  	Percentage of
Master Lease
Commencing
May 23, 2012	 
	588	  	 Walden Rehabilitation and Nursing Center
	  	 	1,255,450.32	  	  	 	1.1456	% 
	591	  	 Dover Rehabilitation and Living Center
	  	 	1,020,012.62	  	  	 	0.9308	% 
	593	  	 Hanover Terrace Healthcare
	  	 	1,257,231.48	  	  	 	1.1472	% 
	635	  	 Coshocton Health & Rehabilitation Center
	  	 	737,009.12	  	  	 	0.6725	% 
	640	  	 Las Vegas Healthcare and Rehabilitation Center
	  	 	1,406,017.39	  	  	 	1.2830	% 
	655	  	 Federal Heights Rehabilitation and Nursing Center
	  	 	669,008.27	  	  	 	0.6105	% 
	660	  	 Savannah Specialty Care Center
	  	 	669,988.20	  	  	 	0.6114	% 
	704	  	 Guardian Care of Roanoke Rapids
	  	 	2,054,025.41	  	  	 	1.8743	% 
	707	  	 Rehabilitation and Nursing Center of Monroe
	  	 	1,024,038.96	  	  	 	0.9345	% 
	724	  	 Rehabilitation and Health Center of Gastonia
	  	 	1,497,018.52	  	  	 	1.3661	% 
	738	  	 Bay View Nursing and Rehabilitation Center
	  	 	1,872,023.15	  	  	 	1.7083	% 
	745	  	 Aurora Care Center
	  	 	666,964.56	  	  	 	0.6086	% 
	767	  	 Colony Oaks Care Center
	  	 	184,002.28	  	  	 	0.1679	% 
	769	  	 North Ridge Medical and Rehabilitation Center
	  	 	961,245.60	  	  	 	0.8772	% 
	775	  	 Sheridan Medical Complex
	  	 	492,720.60	  	  	 	0.4496	% 
	776	  	 Woodstock Health and Rehabilitation Center
	  	 	765,636.12	  	  	 	0.6987	% 
	784	  	 Northfield Centre for Health and Rehabilitation
	  	 	988,012.22	  	  	 	0.9016	% 
	806	  	 Chapel Hill Rehabilitation and Healthcare Center
	  	 	599,007.41	  	  	 	0.5466	% 
	825	  	 Nansemond Pointe Rehabilitation and Healthcare Center
	  	 	1,823,764.08	  	  	 	1.6642	% 
	829	  	 River Pointe Rehabilitation and Healthcare Center
	  	 	805,807.80	  	  	 	0.7353	% 
	868	  	 Lebanon Country Manor
	  	 	587,854.56	  	  	 	0.5364	% 
	884	  	 Masters Health Care Center
	  	 	1,193,823.12	  	  	 	1.0894	% 
	4602	  	 Kindred Hospital - South Florida - Coral Gables
	  	 	2,063,198.88	  	  	 	1.8827	% 
	4618	  	 Kindred Hospital - Oklahoma City
	  	 	1,182,121.44	  	  	 	1.0787	% 
	4619	  	 Kindred Hospital - Pittsburgh
	  	 	1,483,785.12	  	  	 	1.3540	% 
	4628	  	 Kindred Hospital - Chattanooga
	  	 	1,328,386.20	  	  	 	1.2122	% 
	4633	  	 Kindred Hospital - Louisville
	  	 	4,264,385.64	  	  	 	3.8913	% 
	4637	  	 Kindred Hospital - Chicago (North Campus)
	  	 	4,299,151.44	  	  	 	3.9230	% 
	4638	  	 Kindred Hospital - Indianapolis
	  	 	1,853,981.16	  	  	 	1.6918	% 
	4652	  	 Kindred Hospital - North Florida
	  	 	4,373,265.36	  	  	 	3.9907	% 
	4656	  	 Kindred Hospital - Arizona - Phoenix
	  	 	1,709,292.24	  	  	 	1.5598	% 
	4680	  	 Kindred Hospital - St. Louis
	  	 	1,901,976.48	  	  	 	1.7356	% 
	4690	  	 Kindred Hospital - Chicago (Northlake Campus)
	  	 	2,752,408.56	  	  	 	2.5116	% 
	4822	  	 Kindred Hospital - San Francisco Bay Area
	  	 	3,296,502.36	  	  	 	3.0081	% 
	4842	  	 Kindred Hospital - Westminster
	  	 	7,410,733.56	  	  	 	6.7624	% 
	4848	  	 Kindred Hospital - San Diego
	  	 	1,403,932.56	  	  	 	1.2811	% 
		  		  	  
	  
	 	  	  
	  
	 
		  		  	 	109,587,042.56	  	  	 	100.0000	% 

 EXHIBIT A-2 
 Exhibit C for Second Amended and Restated Master Lease Agreement No. 2 
  

											
	ID	  	Name	  	Annual
Base Rent
Commencing
May 23, 2012	 	  	Percentage of
Master Lease
Commencing
May 23, 2012	 
	111	  	 Rolling Hills Health Care Center
	  	 	387,289.92	  	  	 	0.5961	% 
	168	  	 Lakewood Healthcare Center
	  	 	1,138,605.12	  	  	 	1.7525	% 
	216	  	 Boise Health and Rehabilitation Center
	  	 	745,009.21	  	  	 	1.1467	% 
	222	  	 Nampa Care Center
	  	 	472,181.40	  	  	 	0.7268	% 
	223	  	 Weiser Rehabilitation & Care Center
	  	 	748,874.16	  	  	 	1.1526	% 
	278	  	 Oakview Nursing and Rehabilitation Center
	  	 	628,007.77	  	  	 	0.9666	% 
	282	  	 Maple Manor Health Care Center
	  	 	776,544.12	  	  	 	1.1952	% 
	289	  	 San Luis Medical and Rehabilitation Center
	  	 	1,190,707.92	  	  	 	1.8327	% 
	294	  	 Windsor Estates Health & Rehab Center
	  	 	611,784.00	  	  	 	0.9416	% 
	407	  	 Parkwood Health Care Center
	  	 	1,228,015.19	  	  	 	1.8901	% 
	508	  	 Crawford Skilled Nursing and Rehabilitation Center
	  	 	956,859.60	  	  	 	1.4727	% 
	513	  	 Hallmark Nursing and Rehabilitation Center
	  	 	1,320,451.44	  	  	 	2.0324	% 
	532	  	 Hillcrest Nursing and Rehabilitation Center
	  	 	1,240,907.16	  	  	 	1.9099	% 
	534	  	 Country Gardens Skilled Nursing & Rehabilitation Center
	  	 	916,898.88	  	  	 	1.4112	% 
	545	  	 Eastside Rehabilitation and Living Center
	  	 	341,004.22	  	  	 	0.5249	% 
	549	  	 Kennebunk Nursing and Rehabilitation Center
	  	 	156,001.93	  	  	 	0.2401	% 
	584	  	 Franklin Skilled Nursing and Rehabilitation Center
	  	 	787,200.96	  	  	 	1.2116	% 
	592	  	 Greenbriar Terrace Healthcare
	  	 	2,681,790.00	  	  	 	4.1277	% 
	634	  	 Cambridge Health & Rehabilitation Center
	  	 	1,599,621.48	  	  	 	2.4620	% 
	641	  	 Torrey Pines Care Center
	  	 	2,606,032.23	  	  	 	4.0111	% 
	706	  	 Guardian Care of Henderson
	  	 	744,006.12	  	  	 	1.1451	% 
	711	  	 Kinston Rehabilitation and Healthcare Center
	  	 	1,712,021.18	  	  	 	2.6350	% 
	726	  	 Guardian Care of Elizabeth City
	  	 	1,127,511.60	  	  	 	1.7354	% 
	743	  	 Desert Life Rehabilitation and Care Center
	  	 	1,363,664.88	  	  	 	2.0989	% 
	744	  	 Cherry Hills Health Care Center
	  	 	543,446.88	  	  	 	0.8364	% 
	766	  	 Colonial Manor Medical and Rehabilitation Center
	  	 	1,856,356.08	  	  	 	2.8572	% 
	780	  	 Columbus Health and Rehabilitation Center
	  	 	427,469.76	  	  	 	0.6579	% 
	822	  	 Primacy Healthcare and Rehabilitation Center
	  	 	357,004.42	  	  	 	0.5495	% 
	826	  	 Harbour Pointe Medical and Rehabilitation Center
	  	 	1,750,021.65	  	  	 	2.6935	% 
	842	  	 Bay Pointe Medical and Rehabilitation Center
	  	 	332,590.44	  	  	 	0.5119	% 
	1224	  	 Chestnut Terrace Nursing and Rehabilitation Center
	  	 	116,001.43	  	  	 	0.1785	% 
	1228	  	 Lafayette Nursing and Rehab Center
	  	 	2,446,277.40	  	  	 	3.7652	% 
	4611	  	 Kindred Hospital - Bay Area St. Petersburg
	  	 	3,882,292.56	  	  	 	5.9754	% 
	4612	  	 Kindred Hospital - Kansas City
	  	 	4,363,869.00	  	  	 	6.7166	% 
	4615	  	 Kindred Hospital - Sycamore
	  	 	3,860,443.80	  	  	 	5.9418	% 
	4653	  	 Kindred Hospital - Tarrant County (Fort Worth Southwest)
	  	 	2,688,806.28	  	  	 	4.1385	% 
	4654	  	 Kindred Hospital (Houston Northwest)
	  	 	3,230,741.04	  	  	 	4.9726	% 
	4668	  	 Kindred Hospital - Fort Worth
	  	 	2,294,462.52	  	  	 	3.5315	% 
	4674	  	 Kindred Hospital - Central Tampa
	  	 	4,886,625.60	  	  	 	7.5212	% 
	4807	  	 Kindred Hospital - Ontario
	  	 	6,453,739.56	  	  	 	9.9332	% 
		  		  	  
	  
	 	  	  
	  
	 
		  		  	 	64,971,138.90	  	  	 	100.0000	% 

 EXHIBIT A-3 
 Exhibit C for Second Amended and Restated Master Lease Agreement No. 3 
  

											
	ID	  	Name	  	Annual
Base Rent
Commencing
May 23, 2012	 	  	Percentage of
Master Lease
Commencing
May 23, 2012	 
	116	  	 Pettigrew Rehabilitation and Healthcare Center
	  	 	641,336.40	  	  	 	1.5901	% 
	143	  	 Raleigh Rehabilitation & Healthcare Center
	  	 	819,154.44	  	  	 	2.0310	% 
	155	  	 Savannah Rehabilitation & Nursing Center
	  	 	1,236,015.29	  	  	 	3.0646	% 
	230	  	 Crosslands Rehabilitation & Healthcare Center
	  	 	627,007.76	  	  	 	1.5546	% 
	269	  	 Meadowvale Health and Rehabilitation Center
	  	 	562,320.48	  	  	 	1.3942	% 
	281	  	 Riverside Manor Healthcare Center
	  	 	631,140.12	  	  	 	1.5649	% 
	307	  	 Lincoln Nursing Center
	  	 	1,028,342.76	  	  	 	2.5497	% 
	453	  	 Medford Rehabilitation and Healthcare Center
	  	 	1,528,018.90	  	  	 	3.7886	% 
	506	  	 Presentation Nursing & Rehabilitation Center
	  	 	220,002.72	  	  	 	0.5455	% 
	514	  	 Sachem Skilled Nursing & Rehabilitation Center
	  	 	1,105,013.67	  	  	 	2.7398	% 
	539	  	 Newton and Wellesley Alzheimer Center
	  	 	2,228,027.56	  	  	 	5.5242	% 
	544	  	 Augusta Rehabilitation Center
	  	 	702,008.68	  	  	 	1.7406	% 
	547	  	 Brewer Rehabilitation and Living Center
	  	 	1,773,021.93	  	  	 	4.3960	% 
	554	  	 Westgate Manor
	  	 	909,426.24	  	  	 	2.2548	% 
	563	  	 The Crossings West Campus
	  	 	662,253.60	  	  	 	1.6420	% 
	568	  	 Parkway Pavilion Healthcare
	  	 	1,471,178.76	  	  	 	3.6476	% 
	587	  	 River Terrace Healthcare
	  	 	911,166.24	  	  	 	2.2591	% 
	645	  	 Specialty Care of Marietta
	  	 	821,010.15	  	  	 	2.0356	% 
	694	  	 Wedgewood Healthcare Center
	  	 	718,011.60	  	  	 	1.7802	% 
	713	  	 Guardian Care of Zebulon
	  	 	660,127.44	  	  	 	1.6367	% 
	770	  	 Vallhaven Care Center
	  	 	874,010.81	  	  	 	2.1670	% 
	773	  	 Mount Carmel Medical and Rehabilitation Center
	  	 	1,188,604.20	  	  	 	2.9470	% 
	774	  	 Mt. Carmel Health & Rehabilitation Center
	  	 	2,425,928.88	  	  	 	6.0149	% 
	782	  	 Danville Centre for Health and Rehabilitation
	  	 	589,175.76	  	  	 	1.4608	% 
	824	  	 Specialty Healthcare & Rehabilitation Center of Mobile
	  	 	714,008.83	  	  	 	1.7703	% 
	851	  	 Villa Campana Health Care Center
	  	 	240,002.97	  	  	 	0.5951	% 
	873	  	 Brighton Care Center
	  	 	1,260,015.58	  	  	 	3.1241	% 
	1237	  	 Wyomissing Nursing and Rehabilitation Center
	  	 	876,689.04	  	  	 	2.1737	% 
	4635	  	 Kindred Hospital - San Antonio
	  	 	1,988,809.44	  	  	 	4.9311	% 
	4644	  	 Kindred Hospital - Brea
	  	 	2,548,531.80	  	  	 	6.3188	% 
	4647	  	 Kindred Hospital - Las Vegas (Sahara)
	  	 	1,303,335.36	  	  	 	3.2315	% 
	4660	  	 Kindred Hospital - Mansfield
	  	 	984,323.88	  	  	 	2.4405	% 
	4662	  	 Kindred Hospital - Greensboro
	  	 	2,319,195.00	  	  	 	5.7502	% 
	4673	  	 Kindred Hospital - Boston North Shore
	  	 	981,282.60	  	  	 	2.4330	% 
	4688	  	 Kindred Hospital - Boston
	  	 	711,645.36	  	  	 	1.7645	% 
	4876	  	 Kindred Hospital - South Florida - Hollywood
	  	 	2,072,125.56	  	  	 	5.1376	% 
		  		  	  
	  
	 	  	  
	  
	 
		  		  	 	40,332,269.81	  	  	 	100.0000	% 

 EXHIBIT A-4 
 Exhibit C for Second Amended and Restated Master Lease Agreement No. 4 
  

											
	ID	  	Name	  	Annual
Base Rent
Commencing
May 23, 2012	 	  	Percentage of
Master Lease
Commencing
May 23, 2012	 
	131	  	 Harrison Health and Rehabilitation Centre
	  	 	766,866.12	  	  	 	1.6311	% 
	146	  	 Rose Manor Healthcare Center
	  	 	1,072,868.64	  	  	 	2.2819	% 
	148	  	 Village Square Nursing and Rehabilitation Center
	  	 	1,080,852.00	  	  	 	2.2989	% 
	158	  	 Bellingham Health Care and Rehabilitation Services
	  	 	797,009.86	  	  	 	1.6952	% 
	209	  	 Valley View Health Care Center
	  	 	688,707.60	  	  	 	1.4648	% 
	213	  	 Wildwood Health Care Center
	  	 	2,095,970.16	  	  	 	4.4580	% 
	225	  	 Aspen Park Healthcare
	  	 	403,970.40	  	  	 	0.8592	% 
	277	  	 Rosewood Health Care Center
	  	 	794,887.44	  	  	 	1.6907	% 
	290	  	 Bremen Health Care Center
	  	 	558,426.12	  	  	 	1.1877	% 
	350	  	 Valley Gardens Health Care & Rehabilitation Center
	  	 	1,237,197.96	  	  	 	2.6314	% 
	481	  	 South Central Wyoming Healthcare and Rehabilitation
	  	 	497,090.04	  	  	 	1.0573	% 
	503	  	 Brigham Manor Nursing and Rehabilitation Center
	  	 	974,891.52	  	  	 	2.0735	% 
	517	  	 Oakwood Rehabilitation and Nursing Center
	  	 	439,309.08	  	  	 	0.9344	% 
	526	  	 The Eliot Healthcare Center
	  	 	1,240,015.34	  	  	 	2.6374	% 
	542	  	 Den-Mar Rehabilitation and Nursing Center
	  	 	441,299.04	  	  	 	0.9386	% 
	546	  	 Winship Green Nursing Center
	  	 	504,006.23	  	  	 	1.0720	% 
	559	  	 Birchwood Terrace Healthcare
	  	 	1,064,905.08	  	  	 	2.2650	% 
	566	  	 Windsor Rehabilitation and Healthcare Center
	  	 	1,234,792.56	  	  	 	2.6263	% 
	569	  	 Chillicothe Nursing & Rehabilitation Center
	  	 	992,012.27	  	  	 	2.1099	% 
	570	  	 Pickerington Nursing & Rehabilitation Center
	  	 	646,879.20	  	  	 	1.3759	% 
	571	  	 Logan Health Care Center
	  	 	750,946.20	  	  	 	1.5972	% 
	585	  	 Great Barrington Rehabilitation and Nursing Center
	  	 	493,503.12	  	  	 	1.0496	% 
	723	  	 Guardian Care of Rocky Mount
	  	 	1,141,746.96	  	  	 	2.4284	% 
	765	  	 Eastview Medical and Rehabilitation Center
	  	 	1,209,056.64	  	  	 	2.5716	% 
	771	  	 Kennedy Park Medical & Rehabilitation Center
	  	 	1,337,016.54	  	  	 	2.8437	% 
	785	  	 Hillcrest Health Care Center
	  	 	1,956,880.44	  	  	 	4.1621	% 
	787	  	 Woodland Terrace Health Care Facility
	  	 	886,913.52	  	  	 	1.8864	% 
	791	  	 Whitesburg Gardens Health Care Center
	  	 	1,830,630.48	  	  	 	3.8936	% 
	853	  	 Kachina Point Health Care and Rehabilitation Center
	  	 	1,737,021.48	  	  	 	3.6945	% 
	859	  	 Malley Healthcare and Rehabilitation Center
	  	 	1,666,020.61	  	  	 	3.5435	% 
	864	  	 Harrodsburg Health Care Center
	  	 	779,302.20	  	  	 	1.6575	% 
	1231	  	 Oak Hill Nursing and Rehabilitation Center
	  	 	1,388,146.44	  	  	 	2.9525	% 
	4614	  	 Kindred Hospital - Philadelphia
	  	 	1,076,324.04	  	  	 	2.2893	% 
	4645	  	 Kindred Hospital - South Florida Ft. Lauderdale
	  	 	2,258,308.20	  	  	 	4.8033	% 
	4658	  	 Kindred Hospital - Tucson
	  	 	825,634.92	  	  	 	1.7561	% 
	4664	  	 Kindred Hospital - Albuquerque
	  	 	1,766,326.92	  	  	 	3.7568	% 
	4665	  	 Kindred Hospital - Denver
	  	 	1,983,604.32	  	  	 	4.2190	% 
	4666	  	 Kindred Hospital - New Orleans
	  	 	544,771.92	  	  	 	1.1587	% 
	4685	  	 Kindred Hospital - Houston
	  	 	3,907,977.48	  	  	 	8.3120	% 
	4871	  	 Kindred - Chicago - Lakeshore
	  	 	1,944,135.60	  	  	 	4.1350	% 
		  		  	  
	  
	 	  	  
	  
	 
		  		  	 	47,016,224.69	  	  	 	100.0000	% 

 EXHIBIT B 
 TERMINATION OF LEASE AGREEMENT 
 THIS TERMINATION OF LEASE AGREEMENT
(this “Agreement”) is dated as of [        ], 2012, by and between NATIONWIDE HEALTH PROPERTIES, LLC, a Delaware limited liability company (“Landlord”) and
KINDRED HOSPITALS WEST, LLC, a Delaware limited liability company (“Tenant”). 
 Recitals

 WHEREAS, Nationwide Health Properties, Inc., a Maryland corporation and predecessor in interest to Landlord
(“NHPI”), and Tenant entered into that certain Lease dated as of November 15, 2001 (the “Lease”); 
 WHEREAS, on July 1, 2011, NHPI merged into a subsidiary of Ventas, Inc. and in connection with such merger Landlord became the landlord under the Lease; 

WHEREAS, pursuant to that certain Lease Termination Notice dated as of [        ], 2012,
Tenant exercised its right under Section 2.3.2 of the Lease to terminate the Lease as of [        ], 2012 (the “Termination Date”), such termination to be effective on the
Termination Date; and 
 WHEREAS, pursuant to this Agreement, Landlord and Tenant desire to agree on certain additional
matters related to such termination, all as more particularly hereinafter set forth. 
 NOW, THEREFORE, for and in
consideration of Ten Dollars ($10.00) in hand paid, the premises and mutual covenants and agreements herein contained, and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as
follows: 
  

	 	1.	Recitals. The foregoing Recitals are adopted herein as if repeated in full. 

 

	 	2.	Defined Terms. Capitalized terms used and not defined herein shall have the meanings set forth in the Lease. 

 

	 	3.	Termination Rent. 

  

	 	a.	 Landlord acknowledges and agrees that: (i) Landlord is currently holding the Security Deposit in the amount of $450,000 [SUCH AMOUNT SHALL BE
REDUCED, IF BETWEEN THE DATE OF THE LETTER AGREEMENT AND THE TERMINATION DATE, THE APPLICABLE AMOUNT OF THE SECURITY DEPOSIT THAT IS HELD BY LANDLORD IS REDUCED IN ACCORDANCE WITH THE TERMS OF THE LEASE]; (ii) the amount of earned and
unpaid interest on the Security Deposit is $[        ] (the “Interest”; the Interest, if any, together with the Security Deposit, the “Security Deposit Amount”);
(iii) Landlord is holding the Tax Escrow in the amount of $[        ] and the amount of the Tax Escrow that applies to the period after the Termination Date (the “Post-Termination
Period”) is $[        ] (the “Tax Escrow Amount”; the Tax Escrow Amount, together with the Security Deposit Amount, the “Credits”); and (iv) on
or prior to the date hereof, Landlord has received $[        ]1 (the “Termination Payment”). 

  

 

	1 	 Note to draft: this amount to be $900,000 minus the Credits. 

	 	b.	Landlord and Tenant acknowledge and agree that the amount of the Termination Rent is equal to $900,000. 

 

	 	c.	Landlord acknowledges and agrees that: (i) the Credits are hereby applied to the Termination Rent due under the Lease; (ii) the Credits, together with the
Termination Payment, constitute the full amount of Termination Rent due under the Lease; and (iii) Tenant has satisfied its obligations under the Lease for payment of the Termination Rent. 

 

	 	d.	Notwithstanding Section 3(c), if Landlord or Tenant reasonably determines based on written notices, bills or invoices from the applicable taxing authority
that a discrepancy exists between the Tax Escrow Amount credited to the Termination Rent as set forth above and the amount of the Tax Escrow Amount that was actually owed to Landlord and/or that should have been payable by Tenant under the Lease,
then either Landlord shall promptly make a reconciling payment to Tenant, or Tenant shall promptly make a reconciling payment to Landlord, as applicable, so that the amount of Termination Rent received by Landlord (after taking into account any
reconciling payments required under this Section 3(d), the Credits and the Termination Payment) is equal to, and does not exceed, $900,000. 

  

	 	4.	Termination of Lease. Landlord and Tenant agree that the Lease shall be terminated as of the Termination Date. Tenant’s obligations under the Lease
shall survive the termination of the Lease as provided in Section 39 of the Lease. Landlord acknowledges that, as of the Termination Date, Landlord is not aware of any default by Tenant under the Lease or any event that, but for the passage of
time or the giving of notice, would result in a default under the Lease, other than [            ]. Landlord and Tenant agree that nothing contained in this Agreement shall affect or limit
the obligations of their respective affiliates which are parties to that certain letter agreement dated May 23, 2012 by and among Kindred Healthcare, Inc., Kindred Healthcare Operating, Inc. and Ventas Realty, Limited Partnership.

  

	 	5.	Transfer of Patients. Landlord acknowledges and agrees that, notwithstanding any condition or restriction in the Lease on the transfer of patients
(including without limitation Section 15 and Section 21 of the Lease), on or prior to the Termination Date Tenant has transferred patients that were receiving services at the Premises (“Patients”) to another location
leased and operated by one or more affiliates of Tenant and, except as required by applicable law, Tenant shall not be required to maintain any licensure or certification of the facility located on the Premises beyond the date that the last of such
Patients is so transferred or is discharged from such facility. 

  

	 	6.	Further Assurances. Landlord and Tenant agree to execute, acknowledge, deliver, file, record and publish such further instruments and documents, and do
all such other acts and things as may be required by law, or as may be reasonably required to carry out the intent and purposes of this Agreement. 

	 	7.	Miscellaneous. In the event of any inconsistencies between the terms of this Agreement and Lease, the terms of this Agreement shall govern. This Agreement
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. Any counterpart delivered by facsimile, .pdf or other electronic means shall have the
same import and effect as original counterparts and shall be valid, enforceable and binding for the purposes of this Agreement. 

 [END OF PAGE – SIGNATURE PAGES FOLLOW] 

 IN WITNESS WHEREOF, Landlord and Tenant have duly executed this Agreement as of the date first above
written. 
  

			
	Landlord:
	
	NATIONWIDE HEALTH PROPERTIES, LLC, a Delaware limited liability company
		
	By:	 	 
	Name:
	Title:

  

			
	Tenant:
	
	KINDRED HOSPITALS WEST, LLC, a Delaware limited liability company
		
	By:	 	 
	Name:
	Title:

 GUARANTOR CONSENT 

The undersigned Guarantor hereby joins in, agrees to and consents to the foregoing Agreement; agrees to be bound thereby; and further
agrees that its Guaranty of Lease dated November 15, 2001 relating to the Lease includes Tenant’s obligations under the foregoing Agreement and under the Lease, as amended or otherwise affected by the foregoing Agreement. 

 

			
	KINDRED HEALTHCARE OPERATING, INC., a Delaware corporation
		
	By:	 	 
	Name:
	Title:Exhibit 10.26

 Exhibit 10.26 
 INTELSAT S.A. 
 AMENDED AND RESTATED 

2008 SHARE INCENTIVE PLAN 
 (Amended and Restated as of                     ) 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
		
	 1. Establishment, Purpose and Types of Awards
	  	 	1	  
		
	 2. Definitions
	  	 	1	  
	 Affiliate
	  	 	1	  
	 Applicable Exchange
	  	 	1	  
	 Awards
	  	 	1	  
	 BC Investors
	  	 	1	  
	 Board
	  	 	1	  
	 Cause
	  	 	2	  
	 Change in Control
	  	 	2	  
	 Closing
	  	 	2	  
	 Closing Date
	  	 	2	  
	 Code
	  	 	2	  
	 Committee
	  	 	2	  
	 Disability
	  	 	2	  
	 Disaffiliation
	  	 	3	  
	 Exchange Act
	  	 	3	  
	 Fair Market Value
	  	 	3	  
	 Grant Agreement
	  	 	3	  
	 Grant Date
	  	 	3	  
	 Incentive Share Options
	  	 	3	  
	 Individual Agreement
	  	 	3	  
	 Initial Public Offering
	  	 	3	  
	 Investor Group
	  	 	3	  
	 Investors
	  	 	3	  
	 Management Group
	  	 	3	  
	 Management Shareholders Agreement
	  	 	3	  
	 Nonqualified Share Options
	  	 	4	  
	 Parent
	  	 	4	  
	 Participant
	  	 	4	  
	 Performance Award
	  	 	4	  
	 Performance Measure
	  	 	4	  
	 Performance Period
	  	 	4	  
	 Permitted Holder
	  	 	4	  
	 Person
	  	 	4	  
	 Phantom Shares
	  	 	4	  
	 Restricted Shares
	  	 	5	  
	 Rollover Awards
	  	 	5	  
	 Rule 16b-3
	  	 	5	  
	 Securities Act
	  	 	5	  
	 Shares
	  	 	5	  
	 Share Option
	  	 	5	  

					
	 Share Purchase Agreement
	  	 	5	  
	 Share Appreciation Rights
	  	 	5	  
	 Silver Lake
	  	 	5	  
	 Subsidiary
	  	 	5	  
	 Termination of Employment
	  	 	5	  
		
	 3. Administration
	  	 	6	  
	 (a) Procedure
	  	 	6	  
	 (b) Secondary Committees and Sub-Plans
	  	 	6	  
	 (c) Powers of the Committee
	  	 	6	  
	 (d) Limited Liability
	  	 	7	  
	 (e) Indemnification
	  	 	8	  
	 (f) Effect of Committee’s Decision
	  	 	8	  
	 (g) Grant Agreements
	  	 	8	  
		
	 4. Shares Available Under the Plan
	  	 	8	  
		
	 5. Participation
	  	 	9	  
		
	 6. Share Options
	  	 	9	  
	 (a) Grant of Option
	  	 	9	  
	 (b) Exercise Price
	  	 	10	  
	 (c) Payment
	  	 	10	  
	 (d) Terms of Options
	  	 	10	  
	 (e) Restrictions on Incentive Share Options
	  	 	10	  
	 (f) Other Terms and Conditions
	  	 	11	  
		
	 7. Restricted Shares and Restricted Share Units
	  	 	11	  
	 (a) In General
	  	 	11	  
	 (b) Vesting Conditions and Other Restrictions
	  	 	11	  
	 (c) Share Issuance and Shareholder Rights
	  	 	12	  
		
	 8. Share Appreciation Rights and Phantom Shares
	  	 	13	  
	 (a) Award of Share Appreciation Rights
	  	 	13	  
	 (b) Restrictions of Tandem Share Appreciation Rights
	  	 	13	  
	 (c) Amount of Payment upon Exercise of Share Appreciation Rights
	  	 	13	  
	 (d) Form of Payment upon Exercise of Share Appreciation Rights
	  	 	13	  
	 (e) Phantom Shares
	  	 	14	  
		
	 9. Performance Awards
	  	 	14	  
		
	 10. Withholding and Reporting of Taxes
	  	 	14	  
		
	 11. Transferability
	  	 	15	  
		
	 12. Adjustments; Corporate Transactions
	  	 	15	  
		
	 13. Termination and Amendment
	  	 	16	  

					
	 (a) Amendment or Termination by the Board
	  	 	16	  
	 (b) Amendments by the Committee
	  	 	16	  
	 (c) Amendments to Awards
	  	 	16	  
		
	 14. Non-Guarantee of Employment
	  	 	16	  
		
	 15. Written Agreement
	  	 	16	  
		
	 16. Non-Uniform Determinations
	  	 	16	  
		
	 17. Listing and Registration
	  	 	17	  
		
	 18. Compliance with Securities Law
	  	 	17	  
		
	 19. No Trust or Fund Created
	  	 	17	  
		
	 20. No Limit on Other Compensation Arrangements
	  	 	17	  
		
	 21. No Restriction of Corporate Action
	  	 	18	  
		
	 22. Governing Law
	  	 	18	  
		
	 23. Plan Subject to Articles of Incorporation
	  	 	18	  
		
	 24. Effective Date; Termination Date
	  	 	18	  
		
	 25. Section 409A
	  	 	18	  

 INTELSAT S.A. 
 AMENDED AND RESTATED 
 2008 SHARE INCENTIVE PLAN 

 

	1.	Establishment, Purpose and Types of Awards 

 Intelsat S.A. (formerly known as Intelsat Global Holdings S.A. and referred to herein as the “Company”) hereby establishes the Intelsat S.A. Amended and Restated 2008 Share Incentive Plan
(the “Plan”). The purpose of the Plan is to promote the long-term growth and profitability of the Company by (i) providing incentives to improve shareholder value and to contribute to the growth and financial success of the
Company, and (ii) enabling the Company and its Subsidiaries to attract, retain and reward the best available persons for positions of substantial responsibility. 
 The Plan permits the granting of Awards in the form of Incentive Share Options, Nonqualified Share Options, Restricted Shares, Restricted Share Units, Share Appreciation Rights, Phantom Shares and
Performance Awards in each case as such term is defined below, and any combination of the foregoing. 
 The Plan was assumed by
the Company from Intelsat Global, Ltd. (formerly known as Serafina Holdings Limited) on March 30, 2012. The Plan was originally adopted on February 1, 2008 (effective February 4, 2008), amended and restated as of May 6, 2009,
amended on March 30, 2012 and amended and restated as of             , 2012. As of             , 2012 no new Awards may be
issued under the Plan; it being understood that Awards relating to the termination of the Company’s Unallocated Bonus Plan (the “Unallocated Bonus Plan Awards”) and the anti-dilution provisions of the letter agreements between
the Company and certain Participants, each dated May 6, 2009, ancillary to the Management Shareholders Agreement (the “Anti-Dilution Awards”), shall be granted and effective as of the same date. 

 

	2.	Definitions 

 Under this
Plan, except where the context otherwise indicates, the following definitions apply: 
 (a) “Affiliate” and
“Associate” shall have the meanings contemplated by Rule 12b-2 of the Exchange Act (or any successor rule). 

(b) “Applicable Exchange” means a securities exchange, the Nasdaq Stock Market or a similar exchange or market.

 (c) “Awards” shall mean Incentive Share Options, Nonqualified Share Options, Restricted Shares, Restricted
Share Units, Share Appreciation Rights, Phantom Shares and Performance Awards and any combination of the foregoing. 
 (d)
“BC Investors” shall have the meaning set forth in the Management Shareholders Agreement. 
 (e)
“Board” shall mean the Board of Directors of the Company. 

 (f) “Cause” means, unless otherwise provided in a Grant Agreement,
(i) “Cause” as defined in any Individual Agreement to which the applicable Participant is a party as of the date of grant of an applicable Award, or (ii) if there is no such Individual Agreement or if it does not define Cause:
(A) conviction of the Participant for committing a felony under federal law or the law of the state in which such action occurred, (B) dishonesty in the course of fulfilling the Participant’s employment duties, (C) willful and
deliberate failure on the part of the Participant to perform such Participant’s employment duties in any material respect, or (D) before a Change in Control, such other events as shall be determined by the Committee. 

(g) “Change in Control” shall mean (i) the acquisition by any individual, entity or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Exchange Act), other than any Permitted Holder (or any person or group that is an Affiliate or associate of a Permitted Holder), of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) of more than 50%, indirectly or directly, of the voting securities of the Company (other than any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any of its Subsidiaries) or
(ii) consummation of an amalgamation, a merger or consolidation of the Company or any direct or indirect Subsidiary thereof with any other entity or a sale or other disposition of all or substantially all of the assets of the Company following
which the voting securities of the Company that are outstanding immediately prior to such transaction cease to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity (or the entity that owns
substantially all of the Company’s assets either directly or through one or more subsidiaries) or any Parent or other Affiliate thereof) at least 50% of the combined voting power of the securities of the Company or, if the Company is not the
surviving entity, such surviving entity (or the entity that owns substantially all of the Company’s assets either directly or through one or more subsidiaries) or any Parent or other Affiliate thereof, outstanding immediately after such
transaction, except that no Change of Control shall occur under this clause (ii) if such amalgamation, merger or consolidation is with any of those certain Person(s) described in the resolutions of the Compensation Committee of the Board dated
December 29, 2008. 
 (h) “Closing” shall have the meaning set forth in the Share Purchase Agreement.

 (i) “Closing Date” shall have the meaning set forth in the Share Purchase Agreement. 

(j) “Code” shall mean the United States Internal Revenue Code of 1986, as amended, and any regulations issued
thereunder. 
 (k) “Committee” shall mean the Board or a committee of the Board appointed pursuant to
Section 3 of the Plan to administer the Plan. 
 (l) “Disability” means (i) “Disability” as
defined in any Individual Agreement to which the Participant is a party as of the date of grant of an applicable Award, (ii) if there is no such Individual Agreement or it does not define “Disability,” (A) permanent and total
disability as determined under the Company’s long-term disability plan applicable to the Participant, or (B) if there is no such plan applicable to the Participant, “Disability” as determined by the Committee. 

  
 2 

 (m) “Disaffiliation” means a Subsidiary of the Company ceasing to be a
Subsidiary for any reason (including, without limitation, as a result of a public offering, or a spinoff or sale by the Company, of the shares of the Subsidiary) or a sale of a division of the Company. 

(n) “Exchange Act” shall mean the U.S. Securities Exchange Act of 1934, as amended from time to time. 

(o) “Fair Market Value” shall mean (i) if the Shares are traded on an Applicable Exchange, the closing sales price
of the Shares reported on such Applicable Exchange on the relevant date, or, if there is no such sale on that date, then on the last preceding date on which such a sale was reported; or (ii) if the Shares are not traded on an Applicable
Exchange on such date, the fair market value as determined in good faith by the Committee. 
 (p) “Grant
Agreement” shall mean a written or electronic agreement (which may include an Individual Agreement) between the Company and a grantee memorializing the terms and conditions of an Award granted pursuant to the Plan. 

(q) “Grant Date” shall mean the date on which the Committee acts to grant an Award to a grantee or such other date as
the Committee shall so designate at the time of taking such action. 
 (r) “Incentive Share Options” shall mean
Share Options that meet the requirements of Code Section 422. 
 (s) “Individual Agreement” means an
employment, consulting or similar agreement between a Participant and the Company and/or one of its Subsidiaries, entered into on or after February 4, 2008. 
 (t) “Initial Public Offering” means the initial public offering of the Company’s common shares registered under a Registration Statement on Form F-1 (File No. 333-181527).

 (u) “Investor Group” shall mean the BC Investors and Silver Lake. 

(v) “Investor” shall mean each member of the Investor Group. 

(w) “Management Group” shall mean the group consisting of the directors, executive officers and other management
personnel of the Company or any Parent of the Company, as the case may be, on                      together with (i) any new directors whose
election by such boards of directors or whose nomination for election by the shareholders of the Company or any Parent of the Company, as applicable, was approved by a vote of a majority of the directors of the Company, then still in office who were
either directors on                      or whose election or nomination was previously so approved and (ii) executive officers and other
management personnel of the Company hired at a time when the directors on the Closing Date together with the directors so approved constituted a majority of the directors of the Company. 

(x) “Management Shareholders Agreement” shall mean that certain Management Shareholders Agreement by and among the
Company, the Investors and the other shareholders named therein dated as of February 4, 2008, as amended from time to time. 

  
 3 

 (y) “Nonqualified Share Options” shall mean Share Options that do not meet
the requirements of Code Section 422. 
 (z) “Parent” shall mean, with respect to any Person, any other
Person of which such Person is a direct or indirect Subsidiary. 
 (aa) “Participant” shall mean a prospective
or actual director, officer or full-time or part-time employee of the Company or any Subsidiary of the Company, who is granted an Award under the Plan. 
 (bb) “Performance Award” shall mean an Award under Section 9 hereof. 
 (cc) “Performance Measure” shall mean the following performance measures selected by the Committee to measure performance of the Company or any Subsidiary or other business division of
same for a Performance Period, whether in absolute or relative terms: basic or diluted earnings per share; earnings per share growth; revenue; operating income; net income (either before or after taxes); earnings and/or net income before interest
and taxes; earnings and/or net income before interest, taxes, depreciation and amortization; Consolidated EBITDA (as such term or similar term is used in the debt instruments of the Company or its Subsidiaries); return on capital; return on equity;
return on assets; net cash provided by operations; free cash flow; backlog; share price; economic profit; economic value; total shareholder return; gross margins, and/or costs, and such other performance measures as may be selected by the Committee.

 (dd) “Performance Period” means a period over which the achievement of targets for Performance Measures is
determined. 
 (ee) “Permitted Holder”” shall mean (i) an Investor or an
Affiliate of an Investor, (ii) the Management Group, (iii) a Person or group that was an Affiliate of the Company immediately prior to the acquisition in question, or (iv) any Person or group (within the meaning of
Section 13(d)(3) or 14(d)(2) of the Exchange Act) the members of which include any of the Permitted Holders specified in clauses (i), (ii) and/or (iii) above and that (directly or indirectly) hold or acquire beneficial ownership of
the voting securities of the Company (a “Permitted Holder Group”), so long as no Person or other “group” (other than Permitted Holders specified in clauses (i) - (iii) above) owns of record more than 50% on a fully diluted
basis of the voting securities held by such Permitted Holder Group. Any one or more Persons or groups whose acquisition of beneficial ownership constitutes a Change of Control in respect of which a Change of Control Offer, as defined in the
Indenture governing Intelsat Jackson Holdings S.A.’s 7  1/2 % Senior Notes Due April 2021, is made in accordance with the requirements of such indenture will thereafter, together
with its (or their) Affiliates, constitute an additional Permitted Holder or Permitted Holders, as applicable. 
 (ff)
“Person”” shall mean an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture, governmental authority or other entity of whatever
nature. 
 (gg) “Phantom Shares” shall mean Awards under Section 8(e). 

  
 4 

 (hh) “Restricted Shares” and “Restricted Share Units”
shall mean Awards under Section 7. 
 (ii) “Rollover Awards” shall mean all “rollover”
Class A Restricted Shares and “rollover” Options originally awarded pursuant to the Intelsat Holdings, Ltd. 2005 Share Incentive Plan, as amended, and set forth on Schedule 1 hereto, which effective as of May 6, 2009 have been
governed solely by the Plan and/or the applicable Grant Agreement hereunder. 
 (jj) “Rule 16b-3” shall mean
Rule 16b-3 as in effect under the Exchange Act on the effective date of the Plan, or any successor provision prescribing conditions necessary to exempt the issuance of securities under the Plan (and further transactions in such securities) from
Section 16(b) of the Exchange Act, or any successor provision. 
 (kk) “Securities Act” shall mean the
U.S. Securities Act of 1933, as amended. 
 (ll) “Shares” shall mean the common shares of the Company, nominal
value U.S. $0.01 per share (and any stock or other securities into which such common shares may be converted or into which they may be exchanged). 
 (mm) “Share Option” shall mean a Nonqualified Share Option or an Incentive Share Option. 
 (nn) “Share Purchase Agreement” shall mean that certain Share Purchase Agreement dated as of June 19, 2007, by and among Intelsat Global, Ltd. and Serafina Acquisition Limited, a
Bermuda exempted company, Intelsat Holdings, Ltd., a Bermuda company, and the shareholders signatory thereto. 
 (oo)
“Share Appreciation Rights” shall mean Awards under Section 8(a) to (d). 
 (pp) “Silver
Lake” shall have the meaning set forth in the Management Shareholders Agreement. 
 (qq) “Subsidiary”
and “Subsidiaries” shall mean any corporation, partnership, joint venture or other entity during any period in which at least a 50% voting, equity or profits interest is owned, directly or indirectly, by the Company or any successor
to the Company. 
 (rr) “Termination of Employment” means the termination of the applicable Participant’s
employment with, or performance of services for, the Company and any of its Subsidiaries provided that in each case such “Termination of Employment” constitutes a “separation from service” within the meaning of Treasury
Regulation Section 1.409A-1(h). Unless otherwise determined by the Committee, if a Participant’s employment with the Company and its Subsidiaries terminates but such Participant continues to provide services to the Company and its
Subsidiaries in a non-employee capacity, such change in status shall not be deemed a Termination of Employment. Unless otherwise determined by the Committee, a Participant employed by, or performing services for, a Subsidiary or a division of the
Company and its Subsidiaries shall be deemed to incur a Termination of Employment if, as a result of a Disaffiliation, such Subsidiary, or division ceases to be a Subsidiary or division, as the case may be, and the Participant does not immediately
hereafter become an employee of, or service 

  
 5 

 
provider for, the Company or another Subsidiary. Temporary absences from employment because of illness, vacation or leave of absence and transfers among the Company and its Subsidiaries shall not
be considered Terminations of Employment. 
  

	3.	Administration 

 (a)
Procedure. The Plan shall be administered by the Board. In the alternative, the Board may delegate authority to the Compensation Committee of the Board to administer the Plan on behalf of the Board or such other Committee as the Compensation
Committee may designate, subject to such terms and conditions as the Board may prescribe. Following such time as any Shares are registered under Section 12(b) or 12(g) of the Exchange Act, and subject to any applicable transition rules, such
Committee shall consist of not less than two (2) members of the Board (or such greater number as may be required by applicable law or the rules of an Applicable Exchange), each of whom shall be a “non-employee director” within the
meaning of Rule 16b-3 or any successor rule or similar import, and an “outside director” within the meaning of Code Section 162(m) and the regulations promulgated thereunder and, to the extent required by an Applicable Exchange, an
“outside director” within the meaning of such Applicable Exchange. The Board may delegate to such Committee any or all of its duties and powers under the Plan. The Committee shall continue to administer the Plan on behalf of the Board
until otherwise directed by the Board. 
 (b) Secondary Committees and Sub-Plans. The Board may, in its sole discretion,
bifurcate the duties and powers of the Committee by establishing one or more secondary Committees to which certain duties and powers of the Board hereunder are delegated (each of which shall be regarded as a “Committee” under the Plan with
respect to such duties and powers), or delegate all of its duties and powers hereunder to a single Committee. Additionally, if permitted by applicable law, the Board or Committee may delegate any or all of its duties and powers hereunder to the
Chief Executive Officer and/or to other senior officers of the Company subject to such conditions and limitations as the Board or Committee shall prescribe. However, only the Committee described under Section 3(a) may designate and grant Awards
to Participants who are subject to Section 16 of the Exchange Act. The Committee shall also have the power to establish sub-plans (which may be included as appendices to the Plan or the respective Grant Agreements), which may constitute
separate schemes, for the purpose of establishing schemes which meet any special tax or regulatory requirements of countries other than the United States. Any such interpretations, rules, administration and sub-plans shall be consistent with the
basic purposes of the Plan. 
 (c) Powers of the Committee. The Committee shall have all the powers vested in it by the
terms of the Plan, such powers to include authority, in its sole and absolute discretion, to grant Awards under the Plan, prescribe Grant Agreements evidencing such Awards and establish programs for granting Awards. The Committee shall have full
power and authority to take all other actions necessary to carry out the purpose and intent of the Plan, including, but not limited to, the authority to: 
 (i) determine the Participants to whom, and the time or times at which Awards shall be granted; 

  
 6 

 (ii) determine the types of Awards to be granted; 

(iii) determine the number of Shares and/or amount of cash to be covered by or used for reference purposes for each Award;

 (iv) to determine the terms and conditions of each Award granted hereunder, based on such factors as the
Committee shall determine, including without limitation establishing in its discretion performance criteria that must be satisfied before an Award vests and/or becomes payable, the term during which an Award is exercisable, and the period, if any,
following a grantee’s Termination of Employment with the Company or any of its Subsidiaries during which the Award shall remain exercisable; 
 (v) subject to Section 13, to modify, amend or adjust the terms and conditions of any Award, at any time or from time to time; 

(vi) to adopt, alter and repeal such administrative rules, guidelines and practices governing the Plan as it shall from
time to time deem advisable; 
 (vii) to interpret the terms and provisions of the Plan and any Award issued
under the Plan (and any agreement relating thereto); 
 (viii) to establish any “blackout” period that
the Committee in its sole discretion deems necessary or advisable; 
 (ix) to otherwise administer the Plan;

 (x) accelerate the time in which an Award may be exercised or in which an Award becomes payable and waive or
accelerate the lapse, in whole or in part, of any restriction or condition with respect to an Award; 
 (xi)
establish objectives and conditions, including targets for Performance Measures, if any, for earning Awards and determining whether Awards will be paid after the end of a Performance Period; and 

(xii) subject to the provisions of Section 409A of the Code, permit the deferral of, or require a Participant to
defer such Participant’s receipt of, the delivery of Shares and/or cash under an Award that would otherwise be due to such Participant and establish rules and procedures for such payment deferrals. 

The Committee shall have full power and authority to administer and interpret the Plan and to adopt such rules, regulations, agreements, guidelines and
instruments for the administration of the Plan as the Committee deems necessary, desirable or appropriate in accordance with the Company’s Articles of Incorporation. 
 (d) Limited Liability. To the maximum extent permitted by law, no member of the Board or Committee or its delegate shall be liable for any action taken or decision made in good faith relating to
the Plan or any Award thereunder. 

  
 7 

 (e) Indemnification. The members of the Board and Committee and any delegate shall be
indemnified by the Company in respect of all their activities under the Plan in accordance with the procedures and terms and conditions set forth in the Company’s Articles of Incorporation. The foregoing right of indemnification shall not be
exclusive of any other rights of indemnification to which such persons may be entitled under the Company’s Memorandum of Association, as a matter of law, or otherwise. 
 (f) Effect of Committee’s Decision. All actions taken and decisions and determinations made by the Committee or a delegate on all matters relating to the Plan pursuant to the powers vested in
it hereunder shall be in the Committee’s or its delegate’s sole and absolute discretion and, except as may be otherwise provided in any Grant Agreement, shall be conclusive and binding on all parties concerned, including the Company, its
shareholders, any Participants in the Plan and any other employee of the Company, and their respective successors in interest. 

(g) Grant Agreements. The terms and conditions of each Award, as determined by the Committee, shall be set forth in a written
Grant Agreement, which shall be delivered to the Participant receiving such Award upon, or as promptly as is reasonably practicable following, the grant of such Award. The effectiveness of an Award shall be subject to the Grant Agreement’s
being signed by the Company and/or the Participant receiving the Award unless specifically so provided by the Committee. Grant Agreements may be amended only in accordance with Section 13 hereof. 

 

	4.	Shares Available Under the Plan 

 (a) Subject to Section 4(b) and to the adjustments as provided in Section 12 of the Plan, the aggregate number of Shares that may be delivered or purchased or used for reference purposes (with
respect to Share Appreciation Rights or Phantom Shares) with respect to Awards granted under the Plan, including with respect to Incentive Share Options, shall not exceed an aggregate of
                , plus an aggregate of                  Shares that may be delivered or
purchased with respect to the Anti-Dilution Awards. Except as set forth in Section 4(b): (i) if any Award, or portion of an Award, issued under the Plan, expires or terminates unexercised, becomes unexercisable or is forfeited or otherwise
terminated, surrendered or canceled as to any Shares without the delivery by the Company (or, in the case of Restricted Shares, without vesting) of Shares or if any Award is settled in cash and not in Shares, the Shares subject to such Award shall
thereafter be available for further Awards under the Plan; (ii) if the exercise price of any Share Option and/or the tax withholding obligations relating to any Award are satisfied by delivering Shares to the Company (by either actual delivery
or by attestation), only the number of Shares issued net of the Shares delivered or attested to shall be deemed delivered for purposes of the limits set forth in this Section 4(a); and (iii) to the extent any Shares subject to an Award are
withheld to satisfy the exercise price (in the case of a Share Option) and/or the tax withholding obligations relating to such Award, such Shares shall not be deemed to have been delivered for purposes of the limits set forth in this
Section 4(a). 
 (b) Notwithstanding Section 4(a) and subject to the adjustments as provided in Section 12 of the
Plan, an additional                  Shares shall be available for issuance under the Plan pursuant to the exercise or vesting of Rollover Awards. Notwithstanding
Section 4(a): (i)

  
 8 

 
no Shares subject to any Rollover Award, or portion of a Rollover Award, that expires or terminates unexercised, becomes unexercisable or is forfeited or otherwise terminated, surrendered or
canceled as to any Shares without the delivery by the Company (or, in the case of Restricted Shares, without vesting) of Shares or settled in cash and not in Shares, (whether on, prior to or following the date of this Amendment and Restatement of
the Plan) shall thereafter be available for further Awards under the Plan; (ii) if the exercise price of any Rollover Award and/or the tax withholding obligations relating to any Rollover Award (whether on, prior to or following the date of
this Amendment and Restatement of the Plan) are satisfied by delivering Shares to the Company (by either actual delivery or by attestation), all Shares subject to such Rollover Award shall be deemed delivered for purposes of the limits set forth in
this Section 4(b); and (iii) to the extent any Shares subject to a Rollover Award are withheld to satisfy the exercise price and/or the tax withholding obligations relating to such Rollover Award (whether on, prior to or following the date
of this Amendment and Restatement of the Plan), all such Shares shall be deemed to have been delivered for purposes of the limits set forth in this Section 4(b). 
 (c) Shares available under the Plan may be, in any combination, authorized but unissued Shares and Shares that are repurchased in the market, and canceled by the Company. In no event will any Award, or
portion of an Award, issued under the Plan result in the issuance of Shares for an amount less than their underlying aggregate par value. 
  

	5.	Participation 

Participation in the Plan shall be open to all prospective and actual officers and other regular full-time and part-time employees and all
prospective and actual directors of the Company, or of any Subsidiary of the Company, as may be selected by the Committee from time to time. Notwithstanding the foregoing, participation in the Plan with respect to Awards of Incentive Share Options
shall be limited to employees of the Company or of any Subsidiary of the Company. 
 Awards may be granted to such Participants
and for or with respect to such number of Shares as the Committee shall determine, subject to the limitations in Section 4(a). A grant of any type of Award made in any one year to a Participant shall neither guarantee nor preclude a further
grant of that or any other type of Award to such person in that year or subsequent years. 
  

	6.	Share Options 

 Subject to
the other applicable provisions of the Plan, the Committee may from time to time grant to Participants Awards of Nonqualified Share Options and/or Incentive Share Options. The Share Option granted shall be subject to the following terms and
conditions. 
 (a) Grant of Option. The grant of a Share Option shall be evidenced by a Grant Agreement, executed by the
Company and the grantee, stating the number of Shares subject to the Share Option evidenced thereby, the exercise price and the terms and conditions of such Share Option, in such form as the Committee may from time to time determine. 

  
 9 

 (b) Exercise Price. The price per Share payable upon the exercise of each Share
Option shall not be less than one hundred percent (100%) of the Fair Market Value of the Shares on the Grant Date. 
 (c)
Payment. Share Options may be exercised in whole or in part by payment of the exercise price of the Shares to be acquired in accordance with the provisions of the Grant Agreement, and/or such rules and regulations as the Committee may have
prescribed, and/or such determinations, orders, or decisions as the Committee may have made. Payment may be made in cash (or cash equivalents acceptable to the Committee) or to the extent permitted by the Committee and permitted by applicable law,
in Shares, or by such other means as the Committee may prescribe. The Fair Market Value of Shares delivered on exercise of Share Options shall be determined as of the date of exercise. 

If the Shares are registered under Section 12(b) or 12(g) of the Exchange Act, the Committee, subject to applicable law and such
limitations as it may determine, may authorize payment of the exercise price, in whole or in part, by delivery of a properly executed exercise notice, together with irrevocable instructions, to: (i) a brokerage firm to deliver promptly to the
Company the aggregate amount of sale or loan proceeds to pay the exercise price and any withholding tax obligations that may arise in connection with the exercise, and (ii) the Company to deliver the certificates for such purchased Shares
directly to such brokerage firm (or register the Shares in the name of such brokerage firm). 
 (d) Terms of Options. The
term during which each Share Option may be exercised shall be determined by the Committee; provided, however, that in no event shall a Share Option be exercisable more than ten years from the date it is granted unless otherwise
determined by the Committee. Prior to the exercise of the Share Option and delivery of the Share certificates represented thereby (or registration of such Shares), the grantee shall have none of the rights of a shareholder with respect to any Shares
represented by an outstanding Share Option. 
 (e) Restrictions on Incentive Share Options. Incentive Share Option Awards
granted under the Plan shall comply in all respects with Code Section 422 and, as such, shall meet the following additional requirements: 
 (i) Grant Date. An Incentive Share Option must be granted within ten (10) years of the earlier of the Plan’s adoption by the Board of Directors or approval by the Company’s
shareholders. 
 (ii) Exercise Price and Term. The exercise price of an Incentive Share Option shall not
be less than one hundred percent (100%) of the Fair Market Value of the Shares on the date the Share Option is granted and the term of the Share Option shall not exceed ten years. Also, the exercise price of any Incentive Share Option granted
to a grantee who owns (within the meaning of Code Section 422(b)(6), after the application of the attribution rules in Code Section 424(d)) more than ten percent (10%) of the total combined voting power of all classes of shares of the
Company or any Subsidiary of the Company shall be not less than one hundred ten percent (110%) of the Fair Market Value of the Shares on the grant date and the term of such Share Option shall not exceed five years. 

  
 10 

 (iii) Maximum Grant. The aggregate Fair Market Value (determined as
of the Grant Date) of Shares of the Company with respect to which all Incentive Share Options first become exercisable by any grantee in any calendar year under this or any other plan of the Company and its Subsidiaries may not exceed One Hundred
Thousand Dollars (U.S. $100,000) or such other amount as may be permitted from time to time under Code Section 422. To the extent that such aggregate Fair Market Value shall exceed One hundred Thousand Dollars (U.S. $100,000), or other
applicable amount, such Share Options to the extent of the Shares in excess of such limit shall be treated as Nonqualified Share Options. In such case, the Company may designate the Shares that are to be treated as Shares acquired pursuant to the
exercise of an Incentive Share Option. 
 (iv) Grantee. Incentive Share Options shall only be issued to
employees of the Company or of a Subsidiary of the Company. 
 (v) Designation. No Share Option shall be
an Incentive Share Option unless so designated by the Committee at the time of grant or in the Grant Agreement evidencing such Share Option. 
 (vi) Shareholder Approval. No Share Option issued under the Plan shall be an Incentive Share Option unless the Plan is approved by the shareholders of the Company within twelve (12) months of
its adoption by the Board in accordance with the Company’s Articles of Incorporation and governing law relating to such matters. 
 (f) Other Terms and Conditions. Share Options may contain such other provisions, not inconsistent with the provisions of the Plan, as the Committee shall determine appropriate from time to time.

  

	7.	Restricted Shares and Restricted Share Units 

 (a) In General. Subject to the other applicable provisions of the Plan and applicable law, the Committee may at any time and from time to time grant Restricted Shares or Restricted Share Units to
Participants, in such amounts and subject to such vesting conditions, other restrictions and conditions for removal of restrictions as it determines. Unless determined otherwise by the Committee or set forth otherwise in any Award Agreement,
Participants receiving Restricted Shares or Restricted Share Units are not required to pay the Company cash consideration therefore (except as may be required for applicable tax withholding). 

(b) Vesting Conditions and Other Restrictions. Each Award for Restricted Shares and Restricted Share Units shall be evidenced by a
Grant Agreement or other documentation that specifies the applicable vesting conditions and other restrictions, if any, on such Award, the duration of such restrictions, and the time or times at which such restrictions shall lapse with respect to
all or a specified number of the Restricted Shares that are part of the Award. Notwithstanding the foregoing, the Committee may reduce or shorten the duration of any vesting or other restriction applicable to any Restricted Shares or Restricted
Share Units awarded to any grantee under the Plan. 

  
 11 

 (c) Share Issuance and Shareholder Rights. 

(i) Restricted Shares. Share certificates with respect to Shares granted pursuant to a Restricted Share Award may
be issued, and/or Shares may be registered, at the time of grant of the Restricted Share Award. Any Share certificates shall bear an appropriate legend with respect to the restrictions applicable to such Restricted Share Award and the grantee may be
required to deposit the certificates with the Company during the period of any restriction thereon and to execute a blank share power or other instrument of transfer therefore. No portion of Restricted Shares may be sold, transferred, assigned,
pledged or otherwise encumbered or disposed of by the Participant until such portion of Restricted Shares becomes vested, and any purported sale, transfer, assignment, pledge, encumbrance or disposition shall be void and unenforceable against the
Company. If Share certificates have been issued with a legend as provided above, then as soon as administratively practicable after the lapsing of the restrictions with respect to any Restricted Shares, the Company shall deliver to the Participant
or his or her personal representative, in book-entry or certificate form, the formerly Restricted Shares that do not bear any restrictive legend making reference to a Grant Agreement. Such Shares shall be free of restrictions, except for any
restrictions required under Federal securities laws and other applicable law. Except as otherwise provided by the Committee or in an applicable Grant Agreement, during the period of restriction following issuance of Restricted Share certificates (or
registration of the Restricted Shares), the grantee shall have all of the rights of a holder of Shares, including but not limited to the right to receive dividends (or amounts equivalent to dividends) and to vote with respect to the Restricted
Shares. The Committee, in its discretion, may provide that any dividends or distributions paid with respect to Shares subject to the unvested portion of a Restricted Share Award will be subject to the same restrictions as the Restricted Shares to
which such dividends or distributions relate, and that cash dividends may be held in custody or otherwise by the Company. 
 (ii) Restricted Share Units. Certificates for the Shares subject to a Restricted Share Unit shall be issued, and/or Shares shall be registered, upon vesting and lapse of any other restrictions with
respect to the issuance of Shares under such Award. The grantee will not be entitled to vote such Shares or to any of the other rights of shareholders during the period prior to issuance of the certificates for such A Shares and/or the registration
of the Shares. An Award of Restricted Share Units may provide the Participant with the right to receive amounts equivalent to dividends and distributions paid with respect to Shares subject to the Award while the Award is outstanding, which payments
may, in the Committee’s discretion, either be made currently or credited to an account for the Participant, and may be settled in cash or Shares, all as determined by the Committee. Unless otherwise determined by the Committee or in an
applicable Grant Agreement with respect to a particular Award, each outstanding Restricted Share Unit shall accrue such dividend equivalents, which amounts will be paid only when and if the Restricted Share Unit (on which such dividend equivalents
were accrued) vests and becomes payable. To the extent that a Restricted Share Unit does not vest or is cancelled, any accrued and unpaid dividend equivalents shall be forfeited. 

  
 12 

	8.	Share Appreciation Rights and Phantom Shares 

 (a) Award of Share Appreciation Rights. Subject to the other applicable provisions of the Plan, the Committee may at any time and from time to time grant Share Appreciation Rights to Participants,
either on a free-standing basis (without regard to or in addition to the grant of a Share Option) or on a tandem basis (related to the grant of an underlying Share Option), as it determines. Share Appreciation Rights granted in tandem with or in
addition to a Share Option may be granted either at the same time as the Share Option or at a later time; provided, however, that a tandem Share Appreciation Right shall not be granted with respect to any outstanding Incentive Share
Option Award without the consent of the grantee. Share Appreciation Rights shall be evidenced by Grant Agreements, executed by the Company and the grantee, stating the number of Shares subject to the Share Appreciation Right evidenced thereby and
the terms and conditions of such Share Appreciation Right, in such form as the Committee may from time to time determine. The term during which each Share Appreciation Right may be exercised shall be determined by the Committee. Unless otherwise
determined by the Committee, in no event shall a Share Appreciation Right be exercisable more than ten years from the date it is granted. The grantee shall have none of the rights of a shareholder with respect to any Shares represented by a Share
Appreciation Right. 
 (b) Restrictions of Tandem Share Appreciation Rights. Share Appreciation Rights granted in tandem
with Share Options shall be exercisable only to the same extent and subject to the same conditions as the Share Options related thereto are exercisable. The Committee may, in its discretion, prescribe additional conditions to the exercise of any
such tandem Share Appreciation Right. 
 (c) Amount of Payment upon Exercise of Share Appreciation Rights. Unless
otherwise determined by the Committee in a Grant Agreement at the time of grant, each Share Appreciation Right shall entitle the grantee to receive, subject to the provisions of the Plan and the Grant Agreement, a payment having an aggregate value
equal to the product of (i) the excess of (A) the Fair Market Value on the exercise date of one Share over (B) the base price per A Share specified in the Grant Agreement (which shall be no less than the Fair Market Value of a Share
on the Grant Date), times (ii) the number of Shares specified by the Share Appreciation Right, or portion thereof, that is exercised. In the case of exercise of a tandem Share Appreciation Right, such payment shall be made in exchange for the
surrender of the unexercised related Share Option (or applicable portion or portions thereof). 
 (d) Form of Payment upon
Exercise of Share Appreciation Rights. Payment by the Company of the amount receivable upon or following any exercise of a Share Appreciation Right may be made by the delivery of Shares or cash, or any combination of Shares and cash, as
determined in the sole discretion of the Committee from time to time. If upon settlement of the exercise of a Share Appreciation Right a grantee is to receive a portion of such payment in Shares, the number of Shares shall be determined by dividing
such portion by the Fair Market Value of a Share on the exercise date. No fractional Shares shall be used for such payment and the Committee shall determine whether cash shall be given in lieu of such fractional Shares or whether such fractional
Shares shall be eliminated. 

  
 13 

 (e) Phantom Shares. The grant of Phantom Shares shall be evidenced by a Grant
Agreement, executed by the Company and the grantee that incorporates the terms of the Plan and states the number of Phantom Shares evidenced thereby and the terms and conditions of such Phantom Shares in such form as the Committee may from time to
time determine. Phantom Shares granted to a Participant shall be credited to a bookkeeping reserve account solely for accounting purposes and shall not require a segregation of any of the Company’s assets. Each Phantom Share shall represent the
value of one Share. Phantom Shares shall become payable in whole or in part in such form, at such time or times and pursuant to such conditions in accordance with the provisions of the Grant Agreement, and/or such rules and regulations as the
Committee may prescribe, and/or such determinations, orders or decisions as the Committee may make. Except as otherwise provided in the applicable Grant Agreement, the grantee shall have none of the rights of a shareholder with respect to any Shares
represented by a Phantom Share as a result of the grant of a Phantom Share to the grantee. Phantom Shares may contain such other provisions, not inconsistent with the provisions of the Plan, as the Committee shall determine desirable or appropriate
from time to time. 
  

	9.	Performance Awards 

 The
Committee, in its discretion, may establish targets for Performance Measures for selected Participants and authorize the granting, vesting, payment and/or delivery of Performance Awards in the form of Incentive Share Options, Nonqualified Share
Options, Restricted Shares, Restricted Share Units, Share Appreciation Rights, Phantom Shares and/or cash to such Participants upon achievement of such targets for Performance Measures during a Performance Period. The Committee, in its discretion,
shall determine the Participants eligible for Performance Awards, the targets for Performance Measures to be achieved during each Performance Period, and the type, amount, and terms and conditions of any Performance Awards. Performance Awards may be
granted either alone or in addition to other Awards made under the Plan. 
  

	10.	Withholding and Reporting of Taxes 

 The Company may require, as a condition to the grant of any Award under the Plan, vesting or exercise pursuant to such Award or to the delivery of certificates for or registration of Shares issued or
payments of cash to a grantee pursuant to the Plan or a Grant Agreement, that the grantee pay to the Company (or the applicable Subsidiary), in cash or, if approved by the Company (or the applicable Subsidiary), in Shares, including Shares acquired
upon grant of the Award or exercise of the Award, valued at Fair Market Value on the date as of which the withholding tax liability is determined, an amount sufficient to satisfy any U.S. federal, state, local or non-U.S. taxes of any kind
(including the Participant’s FICA obligation) required by law to be withheld with respect to any taxable event under the Plan. The Company (or the applicable Subsidiary), to the extent permitted or required by law, shall have the right to
deduct from any payment of any kind (including salary or bonus) otherwise due to a grantee any federal, state or local taxes of any kind or any applicable taxes or other required withholding of any other jurisdiction required by law to be withheld
with respect to the grant, vesting, exercise or payment of or under any Award under the Plan or a Grant Agreement, or to retain or sell a sufficient number of the Shares to be issued to such grantee to cover any such taxes. The Company or any of its
Subsidiaries shall comply with any applicable tax reporting requirements of any 

  
 14 

 
jurisdiction imposed on it by law with respect to the granting, vesting, exercise and/or payment of Awards. Notwithstanding any other provision of the Plan, the number of Shares which may be
withheld with respect to the issuance, vesting, exercise or payment of any Award in order to satisfy the Participant’s federal, state, and local income and payroll tax liabilities with respect to the issuance, vesting, exercise or payment of
the Award shall be limited to the number of Shares which have a Fair Market Value on the date of withholding equal to the aggregate amount of such liabilities based on the minimum statutory withholding rates for U.S. federal, state, local and
non-U.S. income tax and payroll tax purposes that are applicable to such supplemental taxable income. 
  

	11.	Transferability 

 No Award
granted under the Plan shall be transferable by a grantee otherwise than by will or the laws of descent and distribution. Unless otherwise determined by the Committee in accordance with the provisions of the immediately preceding sentence, an Award
may be exercised during the lifetime of the grantee, only by the grantee or, during the period the grantee is under a legal disability, by the grantee’s guardian or legal representative. Notwithstanding the foregoing, an Award other than an
Incentive Share Option may, in the Committee’s sole discretion, be transferable by gift or domestic relations order to (i) the grantee’s child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling,
niece, nephew, mother-in-law, father-in-law, daughter-in-law, son-in-law, brother-in-law or sister-in-law, including adoptive relationships (such persons, “Family Members”), (ii) a company, partnership, limited liability company or
other business entity whose only shareholders, partners or members, as applicable are the grantee and/or Family Members, or (iii) a trust in which the grantee and/or Family Members have all of the beneficial interests, and subsequent to any
such transfer any Award may be exercised by any such transferee. 
  

	12.	Adjustments; Corporate Transactions 

 In the event of (i) a share dividend, share split, reverse share split, share combination, or recapitalization, an extraordinary dividend or similar event affecting the capital structure of the
Company (other than, for the avoidance of doubt, a normal cash dividend), or (ii) a merger, consolidation, amalgamation, scheme of arrangement, acquisition of property or shares, separation, spinoff, reorganization, share rights offering,
liquidation, Disaffiliation, or similar event affecting the Company or any of its Subsidiaries (each, a “Corporate Transaction”), the Committee or the Board shall make such substitutions or adjustments as it deems appropriate and
equitable to, (A) the aggregate number and kind of Shares or other securities reserved for issuance and delivery under the Plan; (B) the number and kind of Shares or other securities subject to outstanding Awards; and (C) the exercise
price of outstanding Share Options and Share Appreciation Rights. In the case of Corporate Transactions, such adjustments may include, without limitation, (1) the cancellation of outstanding Awards in exchange for payments of cash, property or
a combination thereof having an aggregate value equal to the value of such Awards, as determined by the Committee or the Board in its sole discretion (it being understood that in the case of a Corporate Transaction with respect to which holders of
Shares receive consideration other than publicly traded equity securities of the ultimate surviving entity, any such determination by the Committee that the value of a Share Option or Share Appreciation Right shall for this purpose be deemed to
equal the excess, if any, of the value of the 

  
 15 

 
consideration being paid for each Share pursuant to such Corporate Transaction over the exercise price of such Share Option or Share Appreciation Right shall conclusively be deemed valid); and
(2) the substitution of other property of equal value (including, without limitation, cash or other securities of the Company and securities of entities other than the Company) for the Shares subject to outstanding Awards. 

 

	13.	Termination and Amendment 

(a) Amendment or Termination by the Board. The Board, without further approval of the shareholders of the Company, may amend or
terminate the Plan or any portion thereof at any time, except that no amendment shall become effective without approval of the shareholders of the Company if shareholder approval is necessary to comply with any tax or regulatory requirement or rule
of any Applicable Exchange. 
 (b) Amendments by the Committee. The Committee shall be authorized to make minor or
administrative amendments to the Plan as well as amendments to the Plan that may be dictated by requirements of U.S. federal or state laws or any non-U.S. laws applicable to the Company or that may be authorized or made desirable by such laws.

 (c) Amendments to Awards. The Committee may amend any outstanding Award in any manner as provided in Section 12.
In addition, the Committee may otherwise modify or amend any outstanding Award to the extent that the Committee would have had the authority to make such Award as so amended; provided that the Committee shall not have the power to terminate
any outstanding unvested Awards, other than pursuant to the terms thereof, without the Participant’s prior written consent. 
  

	14.	Non-Guarantee of Employment 

 Nothing in the Plan or in any Grant Agreement thereunder shall confer any right on an employee to continue in the employ of the Company or any Subsidiary of the Company or shall interfere in any way with
the right of the Company or any Subsidiary of the Company to terminate an employee at any time. 
  

	15.	Written Agreement 

 Each
Grant Agreement entered into between the Company and a grantee with respect to an Award granted under the Plan shall incorporate the terms of this Plan and shall contain such provisions, not inconsistent with the provisions of the Plan, as may be
established by the Committee. 
  

	16.	Non-Uniform Determinations 

The Committee’s determinations under the Plan (including without limitation determinations of the persons to receive Awards, the
form, amount and time of such Awards, the terms and provisions of such Awards and the agreements evidencing same) need not be uniform and may be made by it selectively among persons who receive, or are eligible to receive, Awards under the Plan,
whether or not such persons are similarly situated. 

  
 16 

	17.	Listing and Registration 

If the Company determines that the listing, registration or qualification upon any Applicable Exchange or under any law of Shares subject
to any Award is necessary or desirable as a condition of, or in connection with, the granting of same or the issue or purchase of Shares thereunder, no such Award may be exercised in whole or in part and no restrictions on such Award shall lapse,
unless such listing, registration or qualification is effected free of any conditions not acceptable to the Company. 
  

	18.	Compliance with Securities Law 

 The Company may require that a grantee, as a condition to exercise of an Award, and as a condition to the delivery of any share certificate (or registration of shares), provide to the Company, at the time
of each such exercise and each such delivery (or registration), a written representation that the Shares being acquired shall be acquired by the grantee solely for investment and will not be sold or transferred without registration or the
availability of an exemption from registration under the Securities Act and applicable state securities laws and other applicable laws. The Company may also require that a grantee submit other written representations that will permit the Company to
comply with U.S. federal and applicable state securities laws in connection with the issuance of the Shares, including representations as to the knowledge and experience in financial and business matters of the grantee and the grantee’s ability
to bear the economic risk of the grantee’s investment. The Company may require that the grantee obtain a “purchaser representative” as that term is defined in applicable federal and state securities laws. Any Share certificates for
Shares issued pursuant to this Plan may bear a legend restricting transferability of the Shares unless such Shares are registered or an exemption from registration is available under the Securities Act and applicable securities laws of the states of
the U.S. and other applicable laws. The Company may notify its transfer agent to stop any transfer of Shares not made in compliance with these restrictions. Shares shall not be issued with respect to an Award granted under the Plan unless the
exercise of such Award and the issuance and delivery of Share certificates (or registration) for such Shares pursuant thereto shall comply with all relevant provisions of law, including, without limitation, the Securities Act, the Exchange Act, the
rules and regulations promulgated thereunder and the requirements of any Applicable Exchange, and shall be further subject to the approval of counsel for the Company with respect to such compliance to the extent such approval is sought by the
Committee. 
  

	19.	No Trust or Fund Created 

Neither the Plan nor any Award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship
between the Company and a grantee or any other person. To the extent that any grantee or other person acquires a right to receive payments from the Company pursuant to an Award, such right shall be no greater than the right of any unsecured general
creditor of the Company. 
  

	20.	No Limit on Other Compensation Arrangements 

 Nothing contained in the Plan shall prevent the Company or any of its Subsidiaries from adopting or continuing in effect other compensation arrangements (whether such arrangements

  
 17 

 
be generally applicable or applicable only in specific cases), including without limitation the granting of Share Options, Restricted Shares, Restricted Share Units, Share Appreciation Rights or
Phantom Share Units otherwise than under the Plan. 
  

	21.	No Restriction of Corporate Action 

 Nothing contained in the Plan shall be construed to limit or impair the power of the Company or any of its Subsidiaries to make adjustments, reclassifications, reorganizations, or changes in its capital
or business structure, or to amalgamate, merge or consolidate, liquidate, sell or transfer all or any part of its business or assets or, except as otherwise provided herein, or in a Grant Agreement, to take other actions which it deems to be
necessary or appropriate. No employee, beneficiary or other person shall have any claim against the Company or any of its Subsidiaries as a result of such action. 
  

	22.	Governing Law 

 The
validity, construction and effect of the Plan, of Grant Agreements entered into pursuant to the Plan, and of any rules, regulations, determinations or decisions made by the Board or Committee relating to the Plan or such Grant Agreements, and the
rights of any and all persons having or claiming to have any interest therein or thereunder, shall be determined in accordance with applicable federal laws and the laws of Delaware. Unless otherwise provided in the Grant Agreement, recipients of an
Award under the Plan are deemed to submit to the exclusive jurisdiction and venue of the courts of Delaware, to resolve any and all issues that may arise out of or relate to the Plan or any related Grant Agreement. 

 

	23.	Plan Subject to Articles of Incorporation 

 This Plan is subject to the Company’s Articles of Incorporation, as they may be amended from time to time. 
  

	24.	Effective Date; Termination Date 

 The Plan was originally effective as of February 4, 2008, and was most recently amended as of
                    . As of             , 2012 no new Awards may be issued under the
Plan; it being understood that the Unallocated Bonus Plan Awards and the Anti-Dilution Awards shall be granted and effective as of the same date. Subject to other applicable provisions of the Plan, all Awards made under the Plan on or prior to such
date shall remain in effect until such Awards have been satisfied or terminated in accordance with the Plan and the terms of such Awards. Upon the expiration, satisfaction or termination of all Awards made under the Plan on or prior to such date,
the Plan shall terminate automatically and all obligations and liabilities associated hereunder shall be irrevocably discharged without any further recourse. 
  

	25.	Section 409A 

 To the
extent applicable, the Plan and Grant Agreements shall be interpreted in accordance with Section 409A of the Code and United States Department of Treasury regulations and other interpretive guidance issued thereunder. Notwithstanding any
provision of the Plan to the contrary, in the event that the Committee determines that any Share Option or 

  
 18 

 
other Award may be subject to Section 409A of the Code, the Committee reserves the right (without any obligation to do so or to indemnify the Participant for any failure to do so) to adopt
such amendments to the Plan and the applicable Grant Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Committee determines are necessary or
appropriate to (a) exempt the Share Option from Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Share Option, or (b) comply with the requirements of Section 409A of
the Code and related Department of Treasury guidance and thereby avoid the application of penalty taxes under such Section 409A. 
 If any Participant is deemed to be a “specified employee” for purposes of Section 409A(a)(2)(B)(i) of the Code at the time of his separation from service with the Company, to the extent
delayed distributions with respect to any Award held by such Participant (after taking into account all exclusions applicable to such distributions under Section 409A) is required in order to avoid a prohibited distribution under
Section 409A(a)(2)(B)(i) of the Code, such distributions will not be made prior to the date which is six months after the Participant’s separation from service (or, if earlier, the date of the Participant’s death). 

  
 19

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