Document:

Master Lease No.1 Partial Lease Termination Agreement

 EXHIBIT 10.80 
  

  
 MASTER LEASE NO. 1
PARTIAL LEASE TERMINATION AGREEMENT 
  
 BY AND AMONG

  
 KINDRED HEALTHCARE, INC. 
 (f/k/a Vencor, Inc.), 
  
 KINDRED HEALTHCARE OPERATING, INC. 
 (f/k/a Vencor Operating, Inc.), 
  
 AND 
  
 VENTAS REALTY, LIMITED PARTNERSHIP 
  

 MASTER LEASE NO. 1 PARTIAL LEASE TERMINATION AGREEMENT 
  
 THIS MASTER LEASE NO. 1 PARTIAL LEASE TERMINATION AGREEMENT
(hereinafter this “Agreement” ) is dated as of the 11th day of December, 2003, and is by and among VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware limited partnership (together with its successors and assigns,
“Lessor”), having an office at 4360 Brownsboro Road, Suite 115, Louisville, Kentucky 40207, and KINDRED HEALTHCARE, INC., a Delaware corporation (f/k/a Vencor, Inc.) (“Kindred”), and KINDRED HEALTHCARE
OPERATING, INC., a Delaware corporation (f/k/a Vencor Operating, Inc.) (“Operator”; Operator, jointly and severally with Kindred and permitted successors and assignees of Operator and Kindred, “Tenant”), both
having an office at 680 South 4th Avenue, Louisville, Kentucky 40202. 
  
 RECITALS 
  
 A. Lessor and Tenant entered into a certain Amended and Restated Master Lease Agreement No. 1 dated as of April 20, 2001 (as
the same may have been or may hereafter be amended, amended and restated, supplemented, modified, severed, renewed, extended or replaced, the “Lease”), demising to Tenant certain properties. 
  
 B. Lessor and Tenant entered into an Agreement for Sale of Real Estate and
Master Lease Amendments dated November 5, 2003 (as the same may have been heretofore amended, amended and restated, supplemented, modified, renewed, extended or replaced, the “Sale/Amendment Agreement”). 
  
 C. Pursuant to the Sale/Amendment Agreement, Lessor and Tenant desire to
terminate the Lease as it applies to certain of the Leased Properties demised pursuant to the Lease, on the terms set forth in this Agreement. 
  
 NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the parties hereby agree as follows: 
  
 1. Capitalized Terms. All capitalized terms used herein and not
defined herein shall have the meaning ascribed thereto in the Lease. 
  
 2. Partial Lease Termination. Effective as of the date hereof, the Lease shall terminate with respect to the Leased Properties described on Exhibit A attached to and made a part of this Agreement in accordance with the terms
of Section 40.16 of the Lease, and Tenant shall remain obligated to perform all of its indemnification obligations and other liabilities and obligations under the Lease that survive such termination in accordance with the terms of such
Section 40.16, Section 24.1 of the Lease and any other applicable provisions of the Lease. 
  
 3. Termination Fee. Simultaneously with Lessor’s and Tenant’s entry into this Agreement, Tenant shall pay to Lessor, by wire transfer of
immediately available funds to such wire transfer account(s) as Lessor may specify in writing, the sum of Two Million Seven Hundred Sixty Five Thousand Eight Hundred Sixty One and No/100 Dollars ($2,765,861.00) in consideration of Lessor’s
agreement to terminate the Lease as it applies to the Leased Properties referenced in Paragraph 2 above. 

 4. No Other Amendments. Except as provided in this Agreement, the Lease remains in full force and
effect without modification. 
  
 5. Successors and Assigns.
This Agreement and the covenants and agreements herein contained shall be binding upon and inure to the benefit of Lessor and Tenant and their respective heirs, devisees, successors and assigns. 
  
 6. Integrated Agreement; Modifications; Waivers. This Agreement
constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes any and all prior representations, understandings and agreements, whether written or oral. Each of the parties hereto acknowledges
that it has not relied upon, in entering into this Agreement, any representation, warranty, promise or condition not specifically set forth in this Agreement. No supplement, modification or waiver of any provision of this Agreement shall be binding
unless executed in writing by the party to be bound thereby. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar), nor shall such waiver constitute a
continuing waiver unless otherwise expressly provided. 
  
 7.
Headings and Captions. The headings and captions of the paragraphs of this Agreement are for convenience of reference only and shall not affect the meaning or interpretation of this Agreement or any provision hereof. 
  
 8. Gender and Number. As used in this Agreement, the neuter shall
include the feminine and masculine, the singular shall include the plural, and the plural shall include the singular, except where expressly provided to the contrary. 
  
 9. Severability. In the event that any paragraph, section, sentence, clause or phrase contained in this Agreement
becomes or is held by any court of competent jurisdiction to be illegal, null or void or against public policy, the remaining paragraphs, sections, sentences, clauses or phrases contained in this Agreement shall not be affected thereby. 

 
 10. Counterparts. This Agreement and any amendment to 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. 
  
 [Signature Page Follows] 
  

 2 

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

					
	 TENANT:
  
 KINDRED HEALTHCARE, INC., a Delaware corporation formerly known as Vencor, Inc.

		
	 By:
	 	 /s/ Joseph Landenwich

	 Name:
	 	 Joseph Landenwich

	 Title:
	 	Vice President of Corporate Legal Affairs and Corporate Secretary
	
	 TENANT:
  
 KINDRED HEALTHCARE OPERATING, INC., a Delaware corporation formerly known as Vencor Operating, Inc.

		
	 By:
	 	 /s/ Joseph Landenwich

	 Name:
	 	 Joseph Landenwich

	 Title:
	 	Vice President of Corporate Legal Affairs and Corporate Secretary
	
	 LESSOR:
  
 VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware limited partnership

		
	 By:
	 	Ventas, Inc., a Delaware corporation, its general partner
			
	 	 	 By:
	 	 /s/T. Richard Riney

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

  

 3 

 Acknowledgments 
  

			
	STATE OF KENTUCKY	 	 )

	 	 	 )

	COUNTY OF JEFFERSON	 	 )

  
 This 5th day of
December, 2003, personally came before me Tracey Maxwell, a Notary Public in and for said County and State, Joseph Landenwich, who being by me duly sworn, says that he is the Vice President of Corporate Legal Affairs and
Corporate Secretary of KINDRED HEALTHCARE, INC., a Delaware corporation, and that the seal affixed to the foregoing instrument in writing is the corporate seal of said corporation, and that said writing was signed and sealed by him on behalf of
such corporation by its authority duly given. And the said Vice President of Corporate Legal Affairs and Corporate Secretary acknowledged the said writing to be the act and deed of said corporation. 
  
 WITNESS my hand and notarial stamp/seal this 5th day of
December, 2003. 
  

			
	 	 	 /s/Tracey Maxwell

	 	 	 Notary Public

  
 My Commission Expires:

  

			
	December 19, 2006
	[Notarial Stamp/Seal]

  

			
	STATE OF KENTUCKY	 	 )

	 	 	 )

	COUNTY OF JEFFERSON	 	 )

  
 This 5th day of
December, 2003, personally came before me Tracey Maxwell, a Notary Public in and for said County and State, Joseph Landenwich, who being by me duly sworn, says that he is the Vice President of Corporate Legal Affairs and
Corporate Secretary of KINDRED HEALTHCARE OPERATING, INC., a Delaware corporation, and that the seal affixed to the foregoing instrument in writing is the corporate seal of said corporation, and that said writing was signed and sealed by him on
behalf of such corporation by its authority duly given. And the said Vice President of Corporate Legal Affairs and Corporate Secretary acknowledged the said writing to be the act and deed of said corporation. 
  
 WITNESS my hand and notarial stamp/seal this 5th day of
December, 2003. 
  

			
	 	 	 /s/ Tracey Maxwell

	 	 	 Notary Public

  
 My Commission Expires:

  

			
	 December 19, 2006

	[Notarial Stamp/Seal]

  

 4 

			
	STATE OF KENTUCKY	 	 )

	 	 	 )

	COUNTY OF JEFFERSON	 	 )

  
 This 11th day
of December, 2003, personally came before me Kimberly S. Tobin, a Notary Public in and for said County and State, T. Richard Riney, who being by me duly sworn, says that he is the Executive Vice President, General Counsel and Secretary
of VENTAS, INC., a Delaware corporation, in its capacity as the general partner of VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware limited partnership, and that the seal affixed to the foregoing instrument in writing is the corporate seal of said
corporation, and that said writing was signed and sealed by him on behalf of such corporation by its authority duly given, in its aforesaid general partner capacity on behalf of the aforesaid limited partnership. And the said Executive Vice
President, General Counsel and Secretary acknowledged the said writing to be the act and deed of said corporation, acting in such general partner capacity. 
  
 WITNESS my hand and notarial stamp/seal this 11th day of December, 2003. 
  

			
	 	 	 /s/ Kimberly S. Tobin

	 	 	 Notary Public

  
 My Commission Expires:

  

			
	 November 26, 2006

	[Notarial Stamp/Seal]

  

 5 

 CONSENT 
  
 The undersigned hereby consents to the terms of the foregoing instrument. 
  
 JPMORGAN CHASE BANK (formerly THE CHASE MANHATTAN BANK, successor by merger to MORGAN GUARANTY TRUST COMPANY OF NEW YORK), as administrative
agent and Collateral Agent under that certain $120,000,000 credit agreement, dated as of April 20, 2001, as amended, and as administrative agent and Collateral Agent under that certain $300,000,000 credit agreement, dated as of April 20, 2001, as
amended 
  

			
	 By:
	 	 /s/ James S. Ely, III

		
	 Name:
	 	 James S. Ely, III

		
	 Title:
	 	 Managing Director

  

			
	STATE OF NEW YORK	 	 )

	 	 	 )

	COUNTY OF NEW YORK	 	 )

  
 This 5th day of
December, 2003, personally came before me Bernadette M. Sullivan, a Notary Public in and for said County and State, James S. Ely, III, who being by me duly sworn, says that he is the Managing Director of JPMORGAN CHASE
BANK, a New York banking corporation, and that the seal affixed to the foregoing instrument in writing is the corporate seal of said corporation, and that said writing was signed and sealed by him on behalf of such corporation by its
authority duly given. And the said Managing Director acknowledged the said writing to be the act and deed of said corporation. 
  
 WITNESS my hand and notarial stamp/seal this 5th day of December, 2003. 
  

			
	 	 	 /s/Bernadette M. Sullivan

	 	 	 Notary Public

  
 My Commission Expires: 
  

			
	 June 30, 2006

	 [Notarial Stamp/Seal]

  

 6 

 Exhibit A 
  

Terminated Leased Properties 
  
 Master Lease No. 1 
  

					
	        1.	  	 Kindred Hospital Minnesota
	  	 - MN #4659

			
	        2.	  	 Lexington Center for Health & Rehab
	  	 - KY #783

			
	        3.	  	 Briarwood Health Care Nursing Center
	  	 - MA #527

			
	        4.	  	 West Roxbury Manor
	  	 - MA #538

			
	        5.	  	 Family Heritage Med. & Rehab Center
	  	 - WI #772Master Lease No. 2 Amendment Agreement

  
 EXHIBIT 10.81 

  
 MASTER LEASE NO. 2
AMENDMENT AGREEMENT 
  
 BY AND AMONG 
  
 KINDRED HEALTHCARE, INC. 
 (f/k/a Vencor, Inc.), 
  
 KINDRED HEALTHCARE OPERATING, INC. 
 (f/k/a Vencor Operating, Inc.), 
  
 AND 
  
 VENTAS REALTY, LIMITED PARTNERSHIP 
  

  

 MASTER LEASE NO. 2 AMENDMENT AGREEMENT 
  
 THIS MASTER LEASE NO. 2 AMENDMENT AGREEMENT (hereinafter this
“Agreement” ) is dated as of the 11th day of December, 2003, and is by and among VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware limited partnership (together with its successors and assigns, “Lessor”), having
an office at 4360 Brownsboro Road, Suite 115, Louisville, Kentucky 40207, and KINDRED HEALTHCARE, INC., a Delaware corporation (f/k/a Vencor, Inc.) (“Kindred”), and KINDRED HEALTHCARE OPERATING, INC., a Delaware
corporation (f/k/a Vencor Operating, Inc.) (“Operator”; Operator, jointly and severally with Kindred and permitted successors and assignees of Operator and Kindred, “Tenant”), both having an office at 680 South
4th Avenue, Louisville, Kentucky 40202. 
  
 RECITALS 
  
 A. Lessor and Tenant entered into a certain Amended and Restated Master Lease Agreement No. 2 dated as of April 20, 2001 (as the same may have been or may
hereafter be amended, amended and restated, supplemented, modified, severed, renewed, extended or replaced, the “Lease”), demising to Tenant certain properties. 
  
 B. Lessor and Tenant entered into an Agreement for Sale of Real Estate and Master Lease Amendments dated November 5, 2003
(as the same may have been heretofore amended, amended and restated, supplemented, modified, renewed, extended or replaced, the “Sale/Amendment Agreement”). 
  
 C. Immediately prior hereto and pursuant to the Sale/Amendment Agreement, Lessor and Tenant entered into a certain Master
Lease No. 2 Partial Lease Termination Agreement bearing even date herewith (the “Partial Lease Termination”), pursuant to which the Lease was terminated as it applied to certain properties. 
  
 D. Lessor and Tenant desire to amend the Lease as it applies to the remaining
Leased Properties, after the aforesaid termination, on the terms set forth in this Agreement. 
  
 NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the parties hereby agree as follows: 
  

1. Capitalized Terms. All capitalized terms used herein and not defined herein shall have the meaning ascribed thereto in the Lease. 

 
 2. Base Rent and Current Rent Amendments. Relative to the
definitions of “Base Rent” and “Current Rent” contained in Section 2.1 of the Lease, Lessor and Tenant agree that the Base Rent and Current Rent for the Leased Properties remaining under the Lease after the termination
referenced in the Partial Lease Termination shall, for the period from December 12, 2003 through April 30, 2004, be equal to Forty Million Six Hundred One Thousand Five Hundred Fifty Two and 86/100 Dollars ($40,601,552.86) per annum, and, for Rent

  

 2 

 
Calculation Years thereafter, Base Rent and Current Rent shall be determined as set forth in subsection (d) of the definition of “Base Rent” or
subsection (b) of the definition of “Current Rent”, as applicable, contained in such Section 2.1, in each case subject to the provisions of such definitions relative to the Reset Option and to the provisions of Article XIX
relative to the amount of the Base Rent and Current Rent during Extended Terms. 
  
 3. New Exhibit C. Effective as of December 12, 2003, Exhibit C to the Lease shall be amended and restated in its entirety to read as set forth in Attachment 1 to this Agreement. 
  
 4. New Exhibit D. Exhibit D to the Lease is hereby amended and
restated in its entirety to read as set forth in Attachment 2 to this Agreement. 
  
 5. Exhibit A Amendments. Tenant and Lessor hereby further amend the Lease in the manner provided in Exhibit A attached hereto and made a part hereof. 
  
 6. No Other Amendments. Except as provided in this Agreement, the
Lease remains in full force and effect without modification. 
  
 7. Successors and Assigns. This Agreement and the covenants and agreements herein contained shall be binding upon and inure to the benefit of Lessor and Tenant and their respective heirs, devisees, successors and assigns. 

 
 8. Integrated Agreement; Modifications; Waivers. This Agreement
constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes any and all prior representations, understandings and agreements, whether written or oral, with respect to such subject matter. Each
of the parties hereto acknowledges that it has not relied upon, in entering into this Agreement, any representation, warranty, promise or condition not specifically set forth in this Agreement. No supplement, modification or waiver of any provision
of this Agreement shall be binding unless executed in writing by the party to be bound thereby. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar),
nor shall such waiver constitute a continuing waiver unless otherwise expressly provided. 
  
 9. Headings and Captions. The headings and captions of the paragraphs of this Agreement are for convenience of reference only and shall not affect the meaning or interpretation of this Agreement or any
provision hereof. 
  
 10. Gender and Number. As used in
this Agreement, the neuter shall include the feminine and masculine, the singular shall include the plural, and the plural shall include the singular, except where expressly provided to the contrary. 
  
 11. Severability. In the event that any paragraph, section, sentence,
clause or phrase contained in this Agreement becomes or is held by any court of competent jurisdiction 

  

 3 

 
to be illegal, null or void or against public policy, the remaining paragraphs, sections, sentences, clauses or phrases contained in this Agreement shall not
be affected thereby. 
  
 12. Counterparts. This Agreement
and any amendment to 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. 
  
 [Signature Page Follows] 
  

 4 

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

			
	TENANT:
	
	 KINDRED HEALTHCARE, INC., a
 Delaware
corporation formerly known as
 Vencor, Inc.

		
	By:	 	/s/ Joseph Landenwich
	 	 	

	Name:	 	Joseph Landenwich
	Title:	 	Vice President of Corporate Legal Affairs and Corporate Secretary

  

			
	TENANT:
	
	 KINDRED HEALTHCARE OPERATING,
 INC., a Delaware corporation formerly
 known as Vencor Operating, Inc.

		
	By:	 	/s/ Joseph Landenwich
	 	 	

	Name:	 	Joseph Landenwich
	Title:	 	Vice President of Corporate Legal Affairs and Corporate Secretary

  

					
	LESSOR:
	
	 VENTAS REALTY, LIMITED
 PARTNERSHIP, a Delaware limited
 partnership

		
	By:	 	Ventas, Inc., a Delaware corporation, its general partner
			
	 	 	By:	 	/s/ T. Richard Riney
	 	 	 	 	

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

  

 5 

 Acknowledgments 
  

			
	STATE OF KENTUCKY	 	)
	 	 	)
	COUNTY OF JEFFERSON	 	)

  
 This 5th day of
December, 2003, personally came before me Maria Colville, a Notary Public in and for said County and State, Joseph Landenwich, who being by me duly sworn, says that he is the Vice President of Corporate Legal Afairs and Corporate Secretary of
KINDRED HEALTHCARE, INC., a Delaware corporation, and that the seal affixed to the foregoing instrument in writing is the corporate seal of said corporation, and that said writing was signed and sealed by him on behalf of such corporation by its
authority duly given. And the said Vice President of Corporate Legal Afairs and Corporate Secretary acknowledged the said writing to be the act and deed of said corporation. 
  
 WITNESS my hand and notarial stamp/seal this 5th day of December, 2003. 
  

	
	
	/s/ Maria Colville
	

	Notary Public

  

	
	My Commission Expires:
	
	March 22, 2004
	[Notarial Stamp/Seal]

  

			
	STATE OF KENTUCKY	  	)
	 	  	)
	COUNTY OF JEFFERSON	  	)

  
 This 5th day of
December, 2003, personally came before me Maria Colville, a Notary Public in and for said County and State, Joseph Landenwich, who being by me duly sworn, says that he is the Vice President of Corporate Affairs and Corporate Secretary of KINDRED
HEALTHCARE OPERATING, INC., a Delaware corporation, and that the seal affixed to the foregoing instrument in writing is the corporate seal of said corporation, and that said writing was signed and sealed by him on behalf of such corporation by its
authority duly given. And the said Vice President of Corporate Affairs and Corporate Secretary acknowledged the said writing to be the act and deed of said corporation. 
  
 WITNESS my hand and notarial stamp/seal this 5th day of December, 2003. 
  

	
	
	/s/ Maria Colville
	

	Notary Public

  

	
	My Commission Expires:
	
	March 22, 2004
	[Notarial Stamp/Seal]

  

 6 

			
	STATE OF KENTUCKY	 	)
	 	 	)
	COUNTY OF JEFFERSON	 	)

  
 This 11th day of
December, 2003, personally came before me Dana J. Baker, a Notary Public in and for said County and State, T. Richard Riney, who being by me duly sworn, says that he is the Executive Vice President, General Counsel and Secretary of VENTAS, INC., a
Delaware corporation, in its capacity as the general partner of VENTAS REALTY, LIMITED PARTNERSHIP, a Delaware limited partnership, and that the seal affixed to the foregoing instrument in writing is the corporate seal of said corporation, and that
said writing was signed and sealed by him on behalf of such corporation by its authority duly given, in its aforesaid general partner capacity on behalf of the aforesaid limited partnership. And the said Executive Vice President, General Counsel and
Secretary acknowledged the said writing to be the act and deed of said corporation, acting in such general partner capacity. 
  
 WITNESS my hand and notarial stamp/seal this      day of
                    , 2003. 
  

	
	
	/s/ Dana J. Baker
	

	Notary Public

  

	
	My Commission Expires:
	
	March 28, 2005
	[Notarial Stamp/Seal]

  

 7 

 CONSENT 
  
 The undersigned hereby consents to the terms of the foregoing instrument. 
  
 JPMORGAN CHASE BANK (formerly THE CHASE MANHATTAN BANK, successor by merger to MORGAN GUARANTY TRUST COMPANY OF NEW YORK), as administrative
agent and Collateral Agent under that certain $120,000,000 credit agreement, dated as of April 20, 2001, as amended, and as administrative agent and Collateral Agent under that certain $300,000,000 credit agreement, dated as of April 20, 2001, as
amended 
  

			
		
	By:	 	/s/ James S. Ely, III
	 	 	

	Name:	 	James S. Ely, III
	Title:	 	Managing Director

  

			
	STATE OF NEW YORK	 	)
	 	 	)
	COUNTY OF NEW YORK	 	)

  
 This 5th day of
December, 2003, personally came before me Bernadette M. Sullivan, a Notary Public in and for said County and State, James S. Ely, III, who being by me duly sworn, says that he is the Managing Director of JPMORGAN CHASE BANK, a New York banking
corporation, and that the seal affixed to the foregoing instrument in writing is the corporate seal of said corporation, and that said writing was signed and sealed by him on behalf of such corporation by its authority duly given. And the said
Managing Director acknowledged the said writing to be the act and deed of said corporation. 
  
 WITNESS my hand and notarial stamp/seal this 5th day of December, 2003. 
  

	
	
	/s/ Bernadette M. Sullivan
	

	Notary Public

  

	
	My Commission Expires:
	
	June 30, 2006
	[Notarial Stamp/Seal]

  

 8 

 Exhibit A 
  
 Additional Amendments to Lease 
  
 Lessor and Tenant hereby further amend the Lease in the following respects: 
  

	(a)	Section 1.3.5 of the Lease is hereby amended by deleting therefrom the reference to “Lessor” and substituting in its place a reference to “Ventas, Inc.”.

  

	(b)	The definition of “Master Lease Leased Properties” contained in Section 2.1 of the Lease is hereby amended and restated in its entirety as follows: “
“Master Lease Leased Properties”: The Leased Properties under Amended and Restated Master Lease Agreement No. 2 dated as of the Effective Date and entered into by Ventas Realty, Limited Partnership and Tenant, exclusive of any
Leased Properties that, pursuant to Section 40.17 below or the corresponding section of such Amended and Restated Master Lease Agreement No. 2 or of any New Lease derived, directly or indirectly, therefrom, are transferred into a New Master
Lease in accordance with the requirements of any such Section 40.17.” 

  

	(c)	The definition of “Medicaid” contained in Section 2.1 of the Lease is hereby amended by deleting therefrom the reference to “XVIII” and substituting in
its place a reference to “XIX”. 

  

	(d)	The definition of “Tax Refund Escrow Agreement” contained in Section 2.1 of the Lease is hereby amended by deleting therefrom the reference to “Lessor”
and substituting in its place a reference to “Ventas Realty, Limited Partnership.” 

  

	(e)	The penultimate sentence of Section 6.2 of the Lease is hereby amended by deleting therefrom the words “disposed of in accordance” and substituting in their place
the words “dispose of the same in accordance”. 

  

	(f)	The second sentence of Section 22.1 of the Lease is hereby amended and restated in its entirety as follows: “Lessor has heretofore approved the Leasehold Mortgages dated
April 20, 2001 securing the Tenant Senior Secured Notes and the Exit Financing, provided that such approval shall not constitute an agreement by Lessor to be bound by the terms of any such Leasehold Mortgage.” 

  

	(g)	 The last sentence of Section 25.1.11 of the Lease is hereby amended and restated in its entirety as follows: “To the extent that any of the Master Lease
Leased Properties are the subject of a New Lease derived, directly or indirectly, from Amended and Restated Master Lease Agreement No. 2, Tenant shall continue to have the right to assign or sublet such Master Lease Leased Properties upon compliance
with this Section 25.1.11 or the corresponding section of such New Lease, as applicable, but such right to assign or sublet, whether under Section 25.1.11 of Amended and Restated Master Lease Agreement No. 2 or the 

  

 1 

	 	 
corresponding section of any and all New Leases derived, directly or indirectly, from Amended and Restated Master Lease Agreement No. 2, shall never exceed
ten percent (10%) in the aggregate of the nursing centers included within the Master Lease Leased Properties or two (2) hospitals included within the Master Lease Leased Properties.” 

  

	(h)	Article XXVI of the Lease is hereby amended by adding thereto the following new Section 26.4: “Section 26.4 Non-Ventas Lessors. Notwithstanding anything to
the contrary contained in this Article XXVI, if and for so long as the lessor under this Lease is not a Ventas Lessor, Tenant (a) shall not be required under this Lease to provide to such non-Ventas Lessor Facility-specific information
related to Facilities or Leased Properties which are not included in this Lease, (b) shall exclude from consolidated facility information that is required under Section 26.1 of this Lease facility information which relates to Facilities or
Leased Properties not included in this Lease, and (c) shall continue to be required to provide information relative to Tenant, as opposed to Leased Properties and Facilities, on the same basis as such information is provided to a Ventas
Lessor.” 

  

	(i)	Section 36.1.1 of the Lease is hereby amended by deleting therefrom the reference to “general partner” and substituting in its place a reference to
“Affiliate.” 

  

	(j)	Section 40.14(i)(D) of the Lease is hereby amended by deleting therefrom the reference to “Lessor” and substituting in its place a reference to “Ventas, Inc.
or Lessor.” 

  

	(k)	Section 40.15(a)(xi) of the Lease is hereby amended and restated in its entirety as follows: “If the New Lease relates to a single Leased Property, the New Lease shall
provide that (1) because, for example, such New Lease may thereafter be amended by agreement of Lessor and Tenant to include one or more other leased properties or such New Lease may thereafter be combined with a Second Lease pursuant to Section
40.18 of such new Lease, with such New Lease as the Section 40.18 Lease, Lessor and Tenant under such New Lease have, in creating such New Lease as a “New Lease” under Section 40.15 of one of the other Combined Leases,
nevertheless retained in such New Lease references to multiple Leased Properties and provisions and terms that apply to multiple Leased Properties and (2) without limitation of and subject to Sections 16.10, 19.1, 25.1.11 and
40.18 of such New Lease and all other leases demising any of the Master Lease Leased Properties, for so long as such New Lease relates to a single Leased Property, the aforesaid references to multiple Leased Properties, and the aforesaid
provisions and terms applicable to multiple Leased Properties, shall, if the context so requires in light of such New Lease relating to only a single Leased Property, be treated as references to a single Leased Property or as provisions and terms
applicable to a single Leased Property”. 

  

 2 

 ATTACHMENT 1 
  
 Exhibit C 
  
 Allocation Schedule – Applicable Transferred Property Percentages 
  

							
	 Facility ID

	  	 Facility Name

	  	Base Rent
Commencing
July 1, 2003

	  	Percentage of Master
Lease Commencing 

	 111
	  	Rolling Hills Health Care Center	  	371,436.44	  	0.9148%
	 136
	  	LaSalle Healthcare Center	  	182,179.90	  	0.4487%
	 168
	  	Lakewood Healthcare Center	  	697,238.22	  	1.7173%
	 216
	  	Hillcrest Rehab Care Center	  	922,212.49	  	2.2714%
	 222
	  	Nampa Care Center	  	622,026.52	  	1.5320%
	 223
	  	Weiser Rehab & Care Center	  	287,890.17	  	0.7091%
	 278
	  	Oakview Nursing & Rehab Center	  	492,015.84	  	1.2118%
	 282
	  	Maple Manor Healthcare Center	  	471,350.80	  	1.1609%
	 289
	  	San Luis Medical & Rehab Center	  	568,815.51	  	1.4010%
	 294
	  	Windsor Estates Health & Rehab Center	  	779,758.96	  	1.9205%
	 320
	  	Magnolia Gardens Care Center	  	741,035.60	  	1.8251%
	 407
	  	Parkwood Health Care Center	  	434,672.84	  	1.0706%
	 420
	  	Maywood Acres Healthcare Center	  	343,754.57	  	0.8467%
	 508
	  	Crawford Skilled Nursing & Rehab Center	  	594,530.70	  	1.4643%
	 513
	  	Hallmark Nursing & Rehab Center	  	230,284.03	  	0.5672%
	 532
	  	Hillcrest Nursing Center	  	524,504.49	  	1.2918%
	 534
	  	Country Gardens Skilled. Nursing & Rehab	  	490,427.22	  	1.2079%
	 545
	  	Eastside Rehab & Living Center	  	574,747.39	  	1.4156%
	 549
	  	Kennebunk Nursing Center	  	533,953.66	  	1.3151%
	 578
	  	West Lafayette Rehab & Nursing Center	  	401,492.25	  	0.9889%
	 584
	  	Franklin Skilled. Nursing & Rehab Center	  	337,023.49	  	0.8301%
	 592
	  	Greenbriar Terrace Healthcare	  	2,543,902.86	  	6.2655%
	 634
	  	Cambridge Health & Rehab Center	  	1,064,888.49	  	2.6228%
	 641
	  	Torrey Pines Care Center	  	100,794.66	  	0.2483%
	 690
	  	Wasatch Valley Rehabilitation	  	496,550.83	  	1.2230%
	 706
	  	Guardian Care of Henderson	  	260,612.76	  	0.6419%
	 711
	  	Kinston Rehab and Healthcare Center	  	555,693.51	  	1.3687%
	 726
	  	Guardian Care of Elizabeth City	  	460,774.77	  	1.1349%
	 743
	  	Desert Life Rehab & Care Center	  	686,863.25	  	1.6917%
	 744
	  	Cherry Hills Health Care Center	  	794,327.90	  	1.9564%
	 766
	  	Colonial Manor Medical & Rehab Center	  	607,649.19	  	1.4966%

  

 1 

							
	 Facility ID

	  	 Facility Name

	  	Base Rent
Commencing
July 1, 2003

	  	Percentage of Master
Lease Commencing 

	 780
	  	Columbus Health & Rehab Center	  	1,119,667.62	  	2.7577%
	 804
	  	Rehab & Health Center of Birmingham	  	691,060.09	  	1.7021%
	 822
	  	Primacy Healthcare & Rehab Center	  	1,282,643.57	  	3.1591%
	 826
	  	Harbour Point Med. & Rehab Center	  	346,406.02	  	0.8532%
	 842
	  	Bay Pointe Medical & Rehab Center	  	479,740.62	  	1.1816%
	 1224
	  	Health Havens Nursing & Rehab Center	  	304,239.52	  	0.7493%
	 1228
	  	Lafayette Nursing & Rehab Center	  	1,305,488.55	  	3.2154%
	 4611
	  	Kindred Hospital Bay Area St. Petersburg Campus	  	2,572,890.96	  	6.3369%
	 4612
	  	Kindred Hospital Kansas City	  	2,283,937.33	  	5.6252%
	 4615
	  	Kindred Hospital Sycamore	  	2,208,811.75	  	5.4402%
	 4653
	  	Kindred Hospital Tarrant County Ft Worth SW Campus	  	756,750.93	  	1.8638%
	 4654
	  	Kindred Hospital Houston NW Campus	  	1,216,166.24	  	2.9954%
	 4668
	  	Kindred Hospital Ft. Worth	  	833,807.95	  	2.0536%
	 4674
	  	Kindred Hospital Central Tampa	  	2,405,810.97	  	5.9254%
	 4807
	  	Kindred Hospital Ontario	  	4,620,721.43	  	11.3807%
	 	  	 	  	
	  	

	 	  	Total	  	40,601,552.86	  	100.0000%
	 	  	 	  	
	  	

  

 2 

 ATTACHMENT 2 
  
 EXHIBIT D 
 Renewal Groups 
  
 Master Lease #2

  

													
	 	  	Facility ID

	  	 Name

	  	City

	  	State

	  	Lease Expiration
Date

	  	Renewal Group
Number

	 1
	  	4807	  	Kindred Hospital Ontario	  	Ontario	  	CA	  	April 30, 2013	  	#1
	 2
	  	4615	  	Kindred Hospital – Sycamore	  	Sycamore	  	IL	  	April 30, 2013	  	#1
	 3
	  	4612	  	Kindred Hospital – Kansas City	  	Kansas City	  	MO	  	April 30, 2013	  	#1
	 4
	  	222	  	Nampa Care Center	  	Nampa	  	ID	  	April 30, 2013	  	#1
	 5
	  	513	  	Hallmark Nursing & Rehab. Ctr	  	New Bedford	  	MA	  	April 30, 2013	  	#1
	 6
	  	592	  	Greenbrier Terrace Healthcare	  	Nashua	  	NH	  	April 30, 2013	  	#1
	 7
	  	842	  	Bay Pointe Medical & Rehab. Centre	  	Virginia Beach	  	VA	  	April 30, 2013	  	#1
	 8
	  	4611	  	Kindred Hospital – St. Petersburg	  	St. Petersburg	  	FL	  	April 30, 2008	  	#2
	 9
	  	545	  	Eastside Rehab. and Living Center	  	Bangor	  	ME	  	April 30, 2008	  	#2
	 10
	  	549	  	Kennebunk Nursing Center	  	Kennebunk	  	ME	  	April 30, 2008	  	#2

  

 1 

													
	 	  	Facility ID

	  	 Name

	  	City

	  	State

	  	Lease Expiration
Date

	  	Renewal Group
Number

	 11
	  	711	  	Guardian Care of Kinston	  	Kinston	  	NC	  	April 30, 2008	  	#2
	 12
	  	1224	  	Health Havens Nursing & Rehab. Ctr.	  	E. Providence	  	RI	  	April 30, 2008	  	#2
	 13
	  	826	  	Harbour Pointe Med. & Rehab. Ctr.	  	Norfolk	  	VA	  	April 30, 2008	  	#2
	 14
	  	320	  	Magnolia Gardens Care Center	  	Burlingame	  	CA	  	April 30, 2008	  	#2
	 15
	  	216	  	Hillcrest Rehab. Care Center	  	Boise	  	ID	  	April 30, 2008	  	#2
	 16
	  	407	  	Parkwood Health Care Center	  	Lebanon	  	IN	  	April 30, 2008	  	#2
	 17
	  	278	  	Oakview Nursing & Rehab. Ctr.	  	Calvert City	  	KY	  	April 30, 2008	  	#2
	 18
	  	822	  	Primacy Healthcare & Rehab Ctr.	  	Memphis	  	TN	  	April 30, 2008	  	#2
	 19
	  	690	  	Wasatch Valley Rehabilitation	  	Salt Lake City	  	UT	  	April 30, 2008	  	#2
	 20
	  	641	  	Torrey Pines Care Center	  	Las Vegas	  	NV	  	April 30, 2008	  	#2
	 21
	  	4654	  	Kindred Hospital (Houston Northwest Campus)	  	Houston	  	TX	  	April 30, 2010	  	#4
	 22
	  	223	  	Weiser Rehabilitation and Care Ctr.	  	Weiser	  	ID	  	April 30, 2010	  	#4
	 23
	  	111	  	Rolling Hills Health Care Center	  	New Albany	  	IN	  	April 30, 2010	  	#4
	 24
	  	294	  	Windsor Estates Health & Rehab. Ctr.	  	Kokomo	  	IN	  	April 30, 2010	  	#4
	 25
	  	780	  	Columbus Health & Rehab. Center	  	Columbus	  	IN	  	April 30, 2010	  	#4
	 26
	  	282	  	Maple Manor Healthcare Center	  	Greenville	  	KY	  	April 30, 2010	  	#4

  

 2 

													
	 	  	Facility ID

	  	 Name

	  	City

	  	State

	  	Lease Expiration
Date

	  	Renewal Group
Number

	 27
	  	136	  	LaSalle Healthcare Center	  	Durham	  	NC	  	April 30, 2010	  	#4
	 28
	  	706	  	Guardian Care of Henderson	  	Henderson	  	NC	  	April 30, 2010	  	#4
	 29
	  	726	  	Guardian Care of Elizabeth City	  	Elizabeth City	  	NC	  	April 30, 2010	  	#4
	 30
	  	4653	  	Kindred Hospital – Tarrant County (Fort Worth Southwest Campus)	  	Ft. Worth	  	TX	  	April 30, 2010	  	#5
	 31
	  	4668	  	Kindred Hospital Ft. Worth	  	Ft. Worth	  	TX	  	April 30, 2010	  	#5
	 32
	  	743	  	Desert Life Rehab. & Care Center	  	Tucson	  	AZ	  	April 30, 2010	  	#5
	 33
	  	420	  	Maywood Acres Healthcare Center	  	Oxnard	  	CA	  	April 30, 2010	  	#5
	 34
	  	744	  	Cherry Hills Health Care Center	  	Englewood	  	CO	  	April 30, 2010	  	#5
	 35
	  	578	  	West Lafayette Rehab. & Nsg. Ctr.	  	West Lafayette	  	OH	  	April 30, 2010	  	#5
	 36
	  	634	  	Cambridge Health & Rehab. Center	  	Cambridge	  	OH	  	April 30, 2010	  	#5
	 37
	  	168	  	Lakewood Healthcare Center	  	Lakewood	  	WA	  	April 30, 2010	  	#5
	 38
	  	289	  	San Luis Medical & Rehab. Center	  	Greenbay	  	WI	  	April 30, 2010	  	#5
	 39
	  	766	  	Colonial Manor Medical & Rehab. Ctr.	  	Wausau	  	WI	  	April 30, 2010	  	#5
	 40
	  	4674	  	Kindred Hospital – Central Tampa	  	Tampa	  	FL	  	April 30, 2010	  	#6
	 41
	  	804	  	Rehab. & Health Ctr. of Birmingham	  	Birmingham	  	AL	  	April 30, 2010	  	#6

  

 3 

													
	 	  	Facility ID

	  	 Name

	  	City

	  	State

	  	Lease Expiration
Date

	  	Renewal Group
Number

	 42
	  	1228	  	Lafayette Nsg. & Rehab. Ctr.	  	Fayetteville	  	GA	  	April 30, 2010	  	#6
	 43
	  	508	  	Crawford Skilled Nsg. & Rehab. Ctr.	  	Fall River	  	MA	  	April 30, 2010	  	#6
	 44
	  	532	  	Hillcrest Nursing Home	  	Fitchburg	  	MA	  	April 30, 2010	  	#6
	 45
	  	534	  	Country Gardens Sk. Nsg. & Rehab.	  	Swansea	  	MA	  	April 30, 2010	  	#6
	 46
	  	584	  	Franklin Sk. Nsg. & Rehab. Center	  	Franklin	  	MA	  	April 30, 2010	  	#6

  

 4

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