Document:

EX-10.1

SECOND AMENDMENT OF EMPLOYMENT AGREEMENT

THIS SECOND AMENDMENT (this “Amendment”), made as of 17th day of January, 2012 and
effective as of December 31, 2011, of the Employment Agreement, dated as of May 28, 2006 and as
amended and restated as of December 17, 2008, and as further amended by First Amendment of
Employment Agreement made as July 19, 2011 (as amended, the “Original Agreement”), by and
between Loral Space & Communications, Inc., a Delaware corporation (hereinafter referred to as the
“Company”) and Michael B. Targoff (the “Executive”);

W I T N E S S E T H:

WHEREAS, Executive has been employed by the Company pursuant to the Original Agreement through the
end of its employment term on December 31, 2011 and thereafter, at will;

WHEREAS, the Company desires to continue to employ Executive subject to the terms of the Original
Agreement retroactive to the expiration of the employment term thereunder, as modified by this
Amendment, and Executive desires to enter into this Amendment and to accept such continued
employment, subject to the terms and provisions of the Original Agreement as modified by this
Amendment.

NOW, THEREFORE, in consideration of the promises and mutual covenants contained herein and for
other good and valuable consideration, the receipt and sufficiency of which are mutually
acknowledged, the Company and the Executive hereby amend the Original Agreement, effective as of
December 31, 2011, as follows:

1. Section 2 of the Original Agreement is hereby amended and restated in its entirety
as follows:

The term of Executive’s employment under this Agreement shall begin as of
March 1, 2006, and, unless sooner terminated as provided in Section 6, shall
conclude on December 31, 2012 (the “Term”).

2. The first sentence of Section 4(a) of the Original Agreement is hereby amended and
restated in its entirety as follows:

In consideration of the services rendered by the Executive under this
Agreement, the Company shall pay the Executive a base salary (the “Base
Salary”) at the rate of $950,000 per calendar year for calendar years prior
to 2011, at the rate of $1,094,525 per calendar year for calendar year 2011,
and for calendar years 2012 and thereafter, at the rate of $1,127,361 per
calendar year.

3. Except as otherwise set forth herein, the Original Agreement (and, for the avoidance of
doubt, Schedule I thereto) shall remain unchanged and in full force and effect.

1

LORAL SPACE & COMMUNICATIONS INC.

By: /s/ Avi Katz

Name: Avi Katz

Title: Senior Vice President, General Counsel

and Secretary

MICHAEL B. TARGOFF

/s/ Michael B. Targoff

LORAL HOLDINGS CORPORATION (solely for purposes of Section 14(m) of the Original Agreement)

By: By: /s/ Avi Katz

Name: Avi Katz

Title: Senior Vice President and Secretary

SPACE SYSTEMS/LORAL, INC. (solely for purposes of Section 14(m) of the Original Agreement)

By: By: /s/ Avi Katz

Name: Avi Katz

Title: Senior Vice President and Secretary

2EX-10.1

January 10, 2012

Owner and Operator Sellers

c/o Wellington Healthcare Services, L.P.

20 Mansell Court East

Suite 200

Roswell, Georgia 30076

Attention: Mr. Philip M. Rees

	 	 	 	RE: Purchase and Sale Agreement dated as of September 29, 2011 by and among the
Sellers identified in the signature blocks below, Wellington Healthcare Services, L.P.
and G&E HC REIT II Southeastern SNF Portfolio, LLC (the “Purchase and Sale Agreement”;
capitalized terms used herein have the same meanings as set forth in the Purchase and
Sale Agreement)

Dear Mr. Rees:

By this letter agreement, Purchaser confirms that the Purchase and Sale Agreement is amended
to include the following as new Section 14.20 thereof:

“14.20 HUD Approval. This Agreement is expressly
conditioned upon preliminary approval by HUD of the transaction as
set forth in Form 92266, Application for Transfer of Physical
Assets, and supporting documents submitted to HUD. No transfer
of any interest in any project under this Agreement shall be
effective prior to such HUD approval. Purchaser will not take
possession of any project nor assume benefits of any project
ownership prior to such approval by HUD. Purchaser, its successors
and assigns shall have no right upon any breach by Seller hereunder
to seek damages, directly or indirectly, from any project which is
the subject of this transaction, including from any assets, rents,
issues or profits thereof, and Purchaser shall have no right to
effect a lien upon any such project or the assets, rents, issues or
profits thereof.”

Please confirm the Sellers’ agreement with the foregoing by executing this letter agreement
below.

Sincerely,

G&E HC REIT II SOUTHEASTERN SNF PORTFOLIO, LLC

By: /s/ Danny Prosky

Name: Danny Prosky

Title: Authorized Signatory

Acknowledged and agreed as of the date set forth above:

	 	 	 
	SELLERS:	 	 
	FALLIGANT AVENUE ASSOCIATES, L.P.

By: /s/ James J. Andrews

	 	LTC CONSULTING, L.P.

By: /s/ James J. Andrews
	 

	 	 
	Name: James J. Andrews

Title: President

	 	Name: James J. Andrews

Title: President
	IVAN ASSOCIATES, L.P.

By: /s/ James J. Andrews

	 	CONGRESS STREET PARTNERS, L.P.

By: /s/ James J. Andrews
	 

	 	 
	Name: James J. Andrews

Title: President

	 	Name: James J. Andrews

Title: President
	MCGEE ROAD ASSOCIATES, L.P.

By: /s/ James J. Andrews

	 	ENGLAND ASSOCIATES, L.P.

By: /s/ James J. Andrews
	 

	 	 
	Name: James J. Andrews

Title: President

	 	Name: James J. Andrews

Title: President
	POWDER SPRINGS ROAD ASSOCIATES, L.P.

By: /s/ James J. Andrews

	 	PHARR COURT ASSOCIATES, L.P.

By: /s/ James J. Andrews
	 

	 	 
	Name: James J. Andrews

Title: President

	 	Name: James J. Andrews

Title: President
	RED RIVER ASSOCIATES, L.P.

By: /s/ James J. Andrews

	 	IRVING PLACE ASSOCIATES, L.P.

By: /s/ James J. Andrews
	 

	 	 
	Name: James J. Andrews

Title: President

	 	Name: James J. Andrews

Title: President
	SAN ALEJANDRO ASSOCIATES, L.P.

By: /s/ James J. Andrews

	 	HAMILTON MILL ASSOCIATES, L.P.

By: /s/ James J. Andrews
	 

	 	 
	Name: James J. Andrews

Title: President

	 	Name: James J. Andrews

Title: President

	 	 	 

	 	 	 
	SAN CARLOS ASSOCIATES, L.P. FACILITY INVESTMENTS, L.P.
	By: /s/ James J. Andrews

	 	By: /s/ James J. Andrews
	 

	 	 
	Name: James J. Andrews

Title: President

	 	Name: James J. Andrews

Title: President
	TENNESSEE PROPERTY ASSOCIATES, L.P.

By: /s/ James J. Andrews

	 	SOUTH PARKWAY ASSOCIATES, L.P.

By: /s/ James J. Andrews
	 

	 	 
	Name: James J. Andrews

Title: President

	 	Name: James J. Andrews

Title: President
	WEST POINT ROAD ASSOCIATES, L.P.

By: /s/ James J. Andrews

	 	WELLINGTON HEALTHCARE PROPERTIES, L.P.

By: /s/ James J. Andrews
	 

	 	 
	Name: James J. Andrews

Title: President

	 	Name: James J. Andrews

Title: President
	WEST STREET ASSOCIATES, L.P.

By: /s/ James J. Andrews

	 	RIVERSIDE HEALTHCARE, L.P.

By: /s/ James J. Andrews
	 

	 	 
	Name: James J. Andrews

Title: President

	 	Name: James J. Andrews

Title: President
	SELLER GUARANTOR:

	 	

	 

	 	

	WELLINGTON HEALTHCARE SERVICES, L.P.

By: /s/ James J. Andrews

	 	

	 

	 	

	Name: James J. Andrews

Title: PresidentEX-10.2

PARTIAL ASSIGNMENT AND ASSUMPTION

OF

PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS

(Rockdale)

THIS PARTIAL ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS
(“Assignment”) is entered into as of this 10th day of January, 2012 (the “Effective
Date”), by and between G&E HC REIT II SOUTHEASTERN SNF PORTFOLIO, LLC, a Delaware limited liability
company (“Assignor”), and G&E HC REIT II ROCKDALE SNF, LLC, a Delaware limited liability company
(“Assignee”).

WITNESSETH:

WHEREAS, Wellington Healthcare Services, L.P. and the various selling parties identified on
Exhibit A hereto (collectively, “Sellers”) and Assignor entered into an Purchase and Sale
Agreement and Escrow Instructions dated as of September 29, 2011 (the “Purchase Agreement”),
pursuant to which Sellers agreed to sell, and Assignor agreed to purchase (subject to the terms and
conditions contained therein), certain real property located at 1510 Renaissance Drive, Conyers,
Georgia (the “Rockdale Property”), in addition to certain other parcels of property as more
particularly discussed in the Purchase Agreement;

WHEREAS, Assignor desires to assign, transfer and convey to Assignee all of Assignor’s right,
title, and interest in and to the Purchase Agreement as same relate to the purchase of the Rockdale
Property;

WHEREAS, Assignee desires to accept said assignment and to assume Assignor’s rights and
obligations under the Purchase Agreement as same relate to the purchase of the Rockdale Property,
upon the terms and conditions hereinafter set forth; and

WHEREAS, capitalized terms not otherwise defined herein shall have the meanings ascribed to
them in the Purchase Agreement.

NOW, THEREFORE, for and in consideration of the sum of Ten and 00/100ths Dollars ($10.00) and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Assignor and Assignee agree as follows:

	 	1.	 	Assignment. Assignor hereby assigns, transfers and conveys to Assignee
all of Assignor’s right, title and interest in and to the Purchase Agreement related to
the purchase of the Rockdale Property. Assignor acknowledges and agrees that,
notwithstanding the terms of this Assignment, Assignor shall remain liable to Sellers
for any of the obligations under the Purchase Agreement relating to the Rockdale
Property.

	 	2.	 	Assumption. Assignee hereby accepts the foregoing assignment and,
effective as of the Effective Date, assumes and agrees to perform and be bound by all
of the terms, covenants, and conditions prospectively to be observed or performed by
“Purchaser” under or pursuant to the Purchase Agreement as related to the purchase of
the Rockdale Property.

	 	3.	 	Binding Effect. This instrument shall be binding upon and shall inure
to the benefit of the parties hereto and their respective successors and assigns.

[Signature page follows.]

WHEREOF, the parties, individually or by their respective duly-authorized officers,
have caused this Assignment to be executed in counterparts, each of which shall be deemed to be an
original document, on the date first above written.

	 
	ASSIGNOR:

	 

	G&E HC REIT II SOUTHEASTERN

SNF PORTFOLIO, LLC,

a Delaware limited liability company

By: /s/ Danny Prosky

	 

	Name: Danny Prosky

Title: Authorized Signatory

	ASSIGNEE:

	 

	G&E HC REIT II ROCKDALE SNF, LLC, a Delaware limited liability company

By: /s/ Danny Prosky

	 

	Name: Danny Prosky

Title: Authorized Signatory

1

Exhibit A

Sellers

	 	 	 	 	 
	FACILITY NAME	 	OWNER SELLER	 	OPERATOR SELLER
	Rockdale Healthcare Center (GA)

	 	Falligant Avenue Associates, L.P.
	 	LTC Consulting, L.P.
	 

	 	 
	 	 
	Sea Breeze Health Care Center

(AL)

	 	

Ivan Associates, L.P.
	 	

Congress Street Partners, L.P.
	 

	 	 
	 	 
	New London Health Center (GA)

	 	McGee Road Associates, L.P.
	 	England Associates, L.P.
	 

	 	 
	 	 
	Nurse Care of Buckhead (GA)

	 	Powder Springs Road Associates,

L.P.
	 	

Pharr Court Associates, L.P.
	 

	 	 
	 	 
	Nurse Care of Shreveport (LA)

	 	Red River Associates, L.P.
	 	Irving Place Associates, L.P.
	 

	 	 
	 	 
	Bell Minor Home (GA)

	 	San Alejandro Associates, L.P.
	 	Hamilton Mill Associates, L.P.
	 

	 	 
	 	 
	Westminster Commons (GA)

	 	San Carlos Associates, L.P.
	 	Facility Investments, L.P.
	 

	 	 
	 	 
	Parkway Health and

Rehabilitation Center (TN)

	 	Tennessee Property Associates,

L.P.
	 	

South Parkway Associates, L.P.
	 

	 	 
	 	 
	Millington Healthcare Center

(TN)

	 	West Point Road Associates, L.P.
	 	Wellington Healthcare

Properties, L.P.
	 

	 	 
	 	 
	Riverside Health Care Center

(GA)

	 	

West Street Associates, L.P.
	 	

Riverside Healthcare, L.P.
	 

	 	 
	 	 

2

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