Exhibit 10.2
AMENDMENT TO
MEMORANDUM OF LEASE AND
SPECIFIC PROPERTY LEASE
AMENDMENT
BY AND AMONG
KINDRED HEALTHCARE, INC.,
KINDRED HEALTHCARE OPERATING, INC.,
AND
VENTAS REALTY, LIMITED
PARTNERSHIP
|
|
|
|
|
|
|
|
|
Master
Lease No.:
|
|
3
|
|
|
|
|
|
|
|
|
Facility
No.:
|
|
GA
#645
|
|
|
|
|
|
|
|
|
Property
Address:
|
|
26 Tower
Road
|
|
|
|
|
|
|
Marietta,
Georgia
|
|
|
|
|
|
|
(Cobb
County)
|
|
|
|
|
|
|
|
|
Index
No.:
|
|
3-15
|
|
|
AMENDMENT TO MEMORANDUM OF
LEASE
AND SPECIFIC PROPERTY LEASE
AMENDMENT
THIS AMENDMENT TO
MEMORANDUM OF LEASE AND SPECIFIC PROPERTY LEASE AMENDMENT
(hereinafter this “ Amendment ” ) is dated as of
the 9th day of January, 2009, and is between VENTAS REALTY, LIMITED
PARTNERSHIP, a Delaware limited partnership (together with its
successors and assigns, “ Lessor ”) having an
office at 10350 Ormsby Park Place, Suite 300, Louisville, Kentucky
40223, and KINDRED HEALTHCARE, INC., a Delaware corporation
formerly known as Vencor, Inc. (“ Kindred ”),
and KINDRED HEALTHCARE OPERATING, INC., a Delaware corporation
formerly known as 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 4
th
Avenue, Louisville,
Kentucky 40202.
RECITALS
A. Lessor and Tenant have heretofore
entered into (i) a certain Amended and Restated Master Lease
Agreement No. 3 dated as of April 20, 2001 (the
“2001 Lease”), (ii) a certain Second Amended and
Restated Master Lease Agreement No. 1 dated as of
April 27, 2007 (as the same may have been or may hereafter be
amended, amended and restated, supplemented, modified, renewed,
extended or replaced, the “ Lease ”), which
superseded the 2001 Lease and demises to Tenant, among other
properties, the real property described in Exhibit A
attached hereto and made a part hereof, together with the
improvements thereon (the “ Premises ”), and
(iii) a Memorandum of Lease (the “ Memorandum
”) dated as of April 20, 2001, and recorded on
May 2, 2001, with the Clerk of Superior Court Cobb County,
Georgia, Book 13358, Page 6028, which Memorandum provides record
notice of the Lease, as it applies to the Premises.
B. Contemporaneously herewith, the
City of Marietta is purchasing a portion of the Premises legally
described in Exhibit B attached hereto and made a part
hereof (the “ Parcel ”).
C. Lessor and Tenant desire to amend
the Lease, as it relates to the Premises, and to amend the
Memorandum.
NOW, THEREFORE, in consideration of
the premises and other good and valuable consideration, the parties
hereby agree as follows:
1. Effective as of the date of this
Agreement, the Memorandum, and the Lease as it applies to the
Premises, are amended: (a) to terminate the Memorandum and the
Lease as they apply to the Parcel, and (b) to confirm and
adopt, as the revised legal description for the Premises, the
amended legal description (the “ Amended Premises
”) that is attached hereto and made a part hereof as
Exhibit C .
2. This Amendment is being executed
solely to give notice of the Lease, as it relates to the Amended
Premises, and to amend the Memorandum and the Lease as they apply
to the Amended Premises, and is not intended to amend the Lease in
any respect other than as expressly
provided in Paragraph 1 above. Without
limitation of the foregoing, Lessor and Tenant acknowledge and
agree that the Lease relates to the Amended Premises and multiple
other properties and that, as provided in the Lease, the Lease
demises all of such properties as a unified commercial operating
lease and Lessor is not obligated, and may not be required, to
lease less than all of such properties pursuant to the
Lease.
3. This Amendment 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]
IN WITNESS WHEREOF,
the parties hereto have executed
these presents the day and year first above written.
|
|
|
|
TENANT:
|
|
|
KINDRED
HEALTHCARE, INC., a Delaware corporation
|
|
|
|
By:
|
|
|
|
Name:
|
|
Richard
Myers
|
|
Title:
|
|
Vice President
– Real Estate Counsel
|
|
|
KINDRED
HEALTHCARE OPERATING, INC., a Delaware corporation
|
|
|
|
By:
|
|
|
|
Name:
|
|
Richard
Myers
|
|
Title:
|
|
Vice President
– Real Estate Counsel
|
|
|
|
|
|
|
|
LESSOR:
|
|
|
VENTAS REALTY,
LIMITED PARTNERSHIP, a Delaware limited partnership
|
|
|
|
By:
|
|
Ventas, Inc., a
Delaware corporation, its general partner
|
|
|
|
|
|
By:
|
|
|
|
|
|
|
T. Richard
Riney, Executive Vice President, General Counsel and
Secretary
|
3
Acknowledgments