Document:

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                                                                    Exhibit 10.2

                         MEDICAL PROPERTIES TRUST, INC.
                           2004 EQUITY INCENTIVE PLAN

             FORM OF AWARD AGREEMENT FOR NON-QUALIFIED STOCK OPTION
                         AWARDED TO INDEPENDENT DIRECTOR

THIS AWARD AGREEMENT (the "Agreement") is made and entered into effective as of
_________________, by and between MEDICAL PROPERTIES TRUST, INC., a Maryland
corporation (the "Company"), and ____________________ (the "Participant"),
pursuant to the Medical Properties Trust, Inc. 2004 Equity Incentive Plan, as it
may be amended and restated from time to time (the "Plan"). Capitalized terms
used but not defined herein shall have the meanings set forth in the Plan.

                                   WITNESSETH:

WHEREAS, the Participant is an Independent Director; and

WHEREAS, pursuant to the Plan and subject to the execution of this Agreement,
the Committee has granted, and the Participant desires to receive, an Award.

NOW, THEREFORE, for and in consideration of the premises, the mutual promises
and covenants herein contained, and other good and valuable consideration, the
receipt, adequacy and sufficiency of which are hereby acknowledged, the parties
hereto do hereby agree as follows:

ARTICLE I AWARD OF OPTION. On the date specified on Exhibit A attached hereto
(the "Date of Grant") but subject to the execution of this Agreement, the
Company granted to the Participant an Award in the form of a Non-Qualified Stock
Option (the "Option") to purchase from the Company the number of shares of
Common Stock (the "Shares") set forth on said Exhibit A for the price per Share
(the "Option Price") set forth on said Exhibit A.

ARTICLE II EFFECT OF PLAN. The Option is in all respects subject to, and shall
be governed and determined by, the provisions of the Plan (all of the terms of
which are incorporated herein by reference) and to any rules which might be
adopted by the Board or the Committee with respect to the Plan to the same
extent and with the same effect as if set forth fully herein. The Participant
hereby acknowledges that all decisions and determinations of the Committee shall
be final and binding on the Participant, his beneficiaries and any other person
having or claiming an interest in the Option.

ARTICLE III VESTING AND EXERCISEABILITY OF OPTION. The Option shall vest and may
be exercised and the Shares may be purchased as the result of such exercise only
during the period set forth on Exhibit A attached hereto (the "Exercise
Period").

     (a) Accelerated Vesting and Exercisability. Notwithstanding the foregoing
provisions of this Paragraph, the Option shall vest and become exercisable with
respect to all of the Shares then subject to the Option immediately before the
earliest of:

          (i) the occurrence of a Change of Control while the Participant is a
     Director;
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          (ii) the termination of the Participant's status as a Director on
     account of the Participant's death; and

          (iii) the effective date of the termination of the Participant's
     status as a Director on account of the Participant's Permanent Disability.

     (b) Forfeiture With Respect to Unvested Shares. Notwithstanding the
foregoing provisions of this Paragraph, immediately upon the effective date of
the termination of the Participant's status as a Director (the "Termination
Date") for any reason not described in Paragraph 3(a), the Option shall be
forfeited and shall not be exercisable with respect to any of the Shares as to
which the Option is not vested and exercisable on the Termination Date.

     (c) Exercise Following Termination as Director. Exercise of the Option
following the Termination Date shall be subject to the following additional
terms and conditions:

          (i) If the Participant's status as a Director terminates on account of
     the Participant's death or Permanent Disability, the Option may be
     exercised with respect to all of the Shares at any time after the
     Termination Date and on or before the earlier of (1) the first anniversary
     of the Termination Date and (2) the last day of the Exercise Period.

          (ii) If the Participant's status as a Director terminates for any
     reason other than the Participant's death or Permanent Disability, the
     Option may be exercised with respect to the Shares which, as of the
     Termination Date, are vested and exercisable at any time after the
     Termination Date and on or before the earlier of (i) the last day of the
     three (3) month period immediately following the Termination Date and (ii)
     the last day of the Exercise Period.

          (iii) Notwithstanding any other provision hereof, in no event may the
     Option be exercised at any time after the Termination Date with respect to
     any Shares as to which the Option was not vested and exercisable on the
     Termination Date.

ARTICLE IV METHOD OF EXERCISE. The Option shall be exercised only by compliance
with the applicable provisions of Article 5 of the Plan. Upon demand by the
Company, the Participant shall deliver to the Company, at the time of any
complete or partial exercise of the Option, a written representation that the
Shares being acquired upon such exercise are being acquired for investment and
not for resale or with a view to the distribution thereof. Upon such demand, the
delivery of such representation prior to the delivery of any Shares issued upon
exercise of the Option and prior to the expiration of the Exercise Period shall
be a condition precedent to the right of the Participant or any other persons to
purchase Shares hereunder.

ARTICLE V SURRENDER OF AGREEMENT ON EXERCISE. In case of any exercise of the
Option, this Agreement shall be surrendered to the Company. The Company shall
thereupon cause to be issued and delivered to the Participant (or, in the event
of a cashless exercise, to the Participant's broker-dealer), as soon as
reasonably may be done in accordance with the terms of the Plan, a certificate
or certificates representing the Shares so purchased and fully paid for. In the
event of a partial exercise of the Option, the Company shall endorse on Exhibit
B attached hereto the fact that the Option has been partially exercised on such
date, setting forth the number of Shares as to which the Option has been
exercised on such date and the number of Shares then remaining subject to the
Option, and return this Agreement to the Participant.

                                       2
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ARTICLE VI NO ASSIGNMENT. The Option is personal to the Participant and may not
in any manner or respect be assigned or transferred otherwise than by will or
the laws of descent and distribution, and is exercisable during the
Participant's lifetime only by the Participant.

ARTICLE VII AUTHORITY OF COMMITTEE. Notwithstanding any provision of the Plan or
of this Award Agreement to the contrary, the Committee, in its sole and
exclusive discretion, shall have the power at any time to (a) accelerate the
vesting and exercisability of the Option including, without limitation,
acceleration to such a date that would result in the Option becoming fully and
immediately vested and exercisable or (b) waive any restrictions of the Option.

ARTICLE VIII TERMINATION. This Agreement shall terminate on the earliest of:

     SECTION 1. the date on which the Option is exercised with respect to all of
the Shares then subject to the Option;

     SECTION 2. the date on which the Option is forfeited; and

     SECTION 3. the expiration of the Exercise Period for all of the Shares.

ARTICLE IX GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the laws of the State of Alabama, applied without giving effect
to any conflict-of-law principles. The invalidity or unenforceability of any
particular provision of this Agreement shall not affect the other provisions
hereof, and this Agreement shall be construed in all respects as if such invalid
or unenforceable provisions were omitted.

ARTICLE X BINDING EFFECT. This Agreement shall be binding upon and shall inure
to the benefit of each of the parties hereto and their respective executors,
administrators, personal representatives, legal representatives, heirs, and
successors in interest.

ARTICLE XI COUNTERPART EXECUTION. This Agreement may be executed in any number
of counterparts, each of which shall be considered an original, and such
counterparts shall, together, constitute and be one and the same instrument.

ARTICLE XII WITHHOLDING. The Company shall have the power and the right to
deduct or withhold, or require the Participant to remit to the Company, an
amount sufficient to satisfy federal, state and local taxes (including the
Participant's FICA obligation) required by law to be withheld with respect to
any taxable event arising as a result of the grant or exercise of the Option.
With respect to withholding required upon the exercise of the Option, the
Participant may elect, subject to the approval of the Committee, to satisfy the
withholding requirement, in whole or in part, by having the Company withhold
Shares having a Fair Market Value on the date as of which the tax is to be
determined equal to the minimum statutory total tax which could be imposed on
the transaction. All such elections shall be irrevocable, made in writing,
signed by the Participant, and subject to any restrictions or limitations that
the Committee, in its sole discretion, deems appropriate.

                    [Signatures to appear on following page]

                                       3
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IN WITNESS WHEREOF, the Company and the Participant have executed and delivered
this Agreement as of the day and year first written above.

                                        MEDICAL PROPERTIES TRUST, INC.

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        ----------------------------------------

                                       4
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                                    EXHIBIT A

                                       TO

AWARD AGREEMENT, dated as of ________________________, between MEDICAL
PROPERTIES TRUST, INC. and ___________________________.

          (1)  Date of Grant:

          (2)  Total Shares Subject to Option:

          (3)  Option Price per Share:

          (4)  Vesting Schedule:

<TABLE>
<CAPTION>
 Number of Shares
Exercisable During     First Day of      Last Day of
 Exercise Period     Exercise Period   Exercise Period
------------------   ---------------   ---------------
<S>                  <C>               <C>

</TABLE>
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                                    EXHIBIT B

                                       TO

AWARD AGREEMENT, dated _____________________, between MEDICAL PROPERTIES TRUST,
INC. and ______________________________.

                                PARTIAL EXERCISE

<TABLE>
<CAPTION>
 Date of   No. of Shares   No. of Shares     Signature of
Exercise     Purchased       Remaining     Endorsing Officer
--------   -------------   -------------   -----------------
<S>        <C>             <C>             <C>

--------   -------------   -------------   -----------------

--------   -------------   -------------   -----------------

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--------   -------------   -------------   -----------------

--------   -------------   -------------   -----------------

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--------   -------------   -------------   -----------------

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</TABLE><PAGE>
                                                                    EXHIBIT 10.3

                              AMENDED AND RESTATED
                         MEDICAL PROPERTIES TRUST, INC.
                           2004 EQUITY INCENTIVE PLAN

                  FORM OF AWARD AGREEMENT FOR RESTRICTED STOCK
                            FOR INDEPENDENT DIRECTOR

THIS AWARD AGREEMENT (the "Agreement') is made and entered into as of
____________________ by and between MEDICAL PROPERTIES TRUST, INC., a Maryland
corporation (the "Company"), and ______________________ (the "Participant")
pursuant to the Amended and Restated Medical Properties Trust, Inc. 2004 Equity
Incentive Plan, as it may be further amended and restated from time to time (the
"Plan"). Capitalized terms used but not defined herein shall have the same
meanings set forth in the Plan.

                                   WITNESSETH:

WHEREAS, pursuant to the Plan and subject to the execution of this Agreement,
the Committee has granted, and the Participant desires to receive, an Award.

NOW, THEREFORE, for and in consideration of the premises, the mutual promises
and covenants herein contained, and other good and valuable consideration, the
receipt, adequacy and sufficiency of which are hereby acknowledged, the parties
hereto do hereby agree as follows:

ARTICLE I AWARD OF RESTRICTED STOCK. On the date specified on Exhibit A attached
hereto (the "Date of Award") and conditional upon the execution of this
Agreement, the Company awarded to the Participant an Award (the "Award") in the
form of the number of shares of Restricted Common Stock (the "Shares") as is set
forth on Exhibit A from the authorized and unissued or treasury Common Stock at
and for the purchase price set forth on Exhibit A.

ARTICLE II RESTRICTIONS. The Shares as to which the restrictions shall not have
lapsed and which are not vested shall be forfeited upon effective date of the
termination of the Participant's status as a Director; provided, however, that
all unvested Shares shall be 100% vested and no longer subject to forfeiture
immediately before the effective date of the termination of the Participant's
status as a Director if such termination is due to (A) the Participant's death
or (B) the Participant becoming Permanently Disabled. The Shares may not be
sold, transferred, pledged, assigned or otherwise alienated or hypothecated
until such restrictions lapse and the Shares vest. During the period prior to
the lapse of such restrictions and the vesting of such Shares, any stock
dividends paid with respect to the Shares shall be subject to the same
restrictions and vesting period as the Shares with respect to which they are
paid.

ARTICLE III CERTIFICATES FOR SHARES OF RESTRICTED COMMON STOCK. Certificates
respecting the Shares shall be registered in the Participant's name or the
Shares shall be issued to the Participant through the book-entry system, as
determined by the Company.

ARTICLE IV SECURITIES LAW RESTRICTIONS. Acceptance of this Agreement shall be
deemed to constitute the Participant's acknowledgement that the Shares shall be
subject to such restrictions and conditions on any resale and on any other
disposition as the Company shall deem necessary under any applicable laws or
regulations or in light of any stock exchange requirements.
<PAGE>
ARTICLE V LEGEND. In order to enforce the restrictions imposed on the Shares,
the certificates representing such Shares shall bear the following legend:

     THESE SHARES ARE HELD SUBJECT TO THE TERMS OF THE 2004 EQUITY INCENTIVE
     PLAN ("THE PLAN") AND SUCH SHARES MAY ONLY BE TRANSFERRED IN ACCORDANCE
     WITH THE TERMS THEREOF. A COPY OF THE PLAN IS AVAILABLE AT THE OFFICE OF
     THE COMPANY.

Such legend shall be removed as the restrictions lapse with respect to such
Shares and the Shares vest.

ARTICLE VI  MISCELLANEOUS.

     SECTION 1. The Participant's rights under this Agreement can be modified,
suspended or canceled only in accordance with the terms of the Plan. This
Agreement may not be changed orally, but may be changed only by an agreement in
writing signed by the party against whom enforcement of any waiver, change,
modification or discharge is sought.

     SECTION 2. The invalidity or unenforceability of any provision hereof shall
in no way affect the validity of enforceability of any other provision of this
Agreement.

     SECTION 3. This Agreement shall bind all parties, their respective heirs,
executors, administrators and assigns. Nothing contained herein shall be
construed as an authorization or right of any party to assign their respective
rights or obligations hereunder and the Participant shall have no right to
assign this Agreement, and any such attempted assignment shall be ineffective.
This Agreement shall be binding upon the Company and its successors or assigns.

     SECTION 4. This Agreement shall be subject to the applicable provisions,
definitions, terms and conditions set forth in the Plan, all of which are
incorporated by this reference in this Agreement and the terms of the Plan shall
govern in the event of any inconsistency between the Plan and this Agreement.

     SECTION 5. This Agreement shall be interpreted and construed according to
and governed by the laws of the State of Alabama.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.

                                        MEDICAL PROPERTIES TRUST, INC.

                                        By:
                                            ------------------------------------
                                        Name:
                                              ----------------------------------
                                        Title:
                                               ---------------------------------

                                        ----------------------------------------
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                                    EXHIBIT A

                                       TO

AWARD AGREEMENT FOR RESTRICTED STOCK dated as of ___________________ between
Medical Properties Trust, Inc. and ____________________.

1.   Date of Award:

2.   Number of Shares of Restricted Common Stock:

3.   Purchase Price per Shares:

4.   Vesting Schedule:

<TABLE>
<CAPTION>
                   Date Restrictions Lapse
Number of Shares       and Shares Vest
----------------   -----------------------
<S>                <C>

</TABLE>

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