Exhibit 10.3

AMENDMENT TO COLLATERAL ASSIGNMENT OF INTERESTS

THIS AMENDMENT TO COLLATERAL ASSIGNMENT OF INTERESTS (this “Amendment”), is made
as of May 15, 2017, by and between CARTER VALIDUS OPERATING PARTNERSHIP II, LP,
a Delaware limited partnership (“Assignor”) and KEYBANK NATIONAL ASSOCIATION
(“KeyBank”), as Agent for itself and the other Lenders (the “Lenders”) from time
to time a party to the Credit Agreement (as hereinafter defined) (KeyBank, in
its capacity as Agent, is hereinafter referred to as “Agent”).
W I T N E S S E T H:
WHEREAS, the Assignor, KeyBank, Agent and the other Lenders are party to that
certain Second Amended and Restated Credit Agreement dated as of December 22,
2015, as amended by that certain First Amendment to Second Amended and Restated
Credit Agreement and Amendment to Other Loan Documents dated September 30, 2016
(as the same has been and may be further varied, extended, supplemented,
consolidated, amended, replaced, renewed, modified or restated, the “Credit
Agreement”); and
WHEREAS, pursuant to the Credit Agreement, Assignor executed that certain
Collateral Assignment of Interests in favor of Agent, dated as of December 17,
2014, as amended by that certain First Amendment to Collateral Assignment of
Interests dated as of December 23, 2014 by and between Assignor and Agent, that
certain Second Amendment to Collateral Assignment of Interests dated as of
December 31, 2014, that certain Amendment to Collateral Assignment of Interests
dated as of February 17, 2015, that certain Amendment to Collateral Assignment
of Interests dated as of April 1, 2015, that certain Amendment to Collateral
Assignment of Interests dated as of June 1, 2015, that certain Amendment to
Collateral Assignment of Interests dated as of June 12, 2015, that certain
Amendment to Collateral Assignment of Interests dated as of July 22, 2015, that
certain Amendment to Collateral Assignment of Interests dated as of July 24,
2015, that certain Amendment to Collateral Assignment of Interests dated as of
August 19, 2015, that certain Amendment to Collateral Assignment of Interests
dated as of August 28, 2015, that certain Amendment to Collateral Assignment of
Interests dated as of August 31, 2015, that certain Amendment to Collateral
Assignment of Interests dated as of October 14, 2015, that certain Amendment to
Collateral Assignment of Interests dated as of December 22, 2015, that certain
Amendment to Collateral Assignment of Interests dated as of February 3, 2016,
that certain Amendment to Collateral Assignment of Interests dated as of March
17, 2016, that certain Amendment to Collateral Assignment of Interests dated as
of June 1, 2016, that certain Amendment to Collateral Assignment of Interests
dated as of September 23, 2016, that certain Amendment to Collateral Assignment
of Interests dated as of November 8, 2016, that certain Amendment to Collateral
Assignment of Interests dated as of February 28, 2017, and that certain
Amendment to Collateral Assignment of Interests dated as of March 31, 2017 (as
the same has been and may be further varied, extended, supplemented,
consolidated, amended, replaced, renewed, modified or restated, the “Assignment
of Interests”), to provide security for the Secured Obligations (as defined in
the Assignment of Interests); and
WHEREAS, the parties hereto desire to amend the Assignment of Interests as set
forth herein.
NOW, THEREFORE, for and in consideration of the sum of Ten and No/100 ($10.00),
the mutual covenants, promises, and agreements set forth hereinbelow, and for
other good and valuable consideration, the receipt, adequacy, and sufficiency of
which are hereby acknowledged, the parties do hereby covenant and agree as
follows:

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1.Definitions. Capitalized terms used in this Amendment, but which are not
otherwise expressly defined in this Amendment, shall have the respective
meanings given thereto in the Credit Agreement.

2.Modification of the Assignment of Interests. The parties hereto do hereby
modify and amend the Assignment of Interests as follows:

(a)By modifying Exhibit “A” attached to the Assignment of Interests by adding
the table set forth on Exhibit “A” attached to this Amendment and made a part
hereof to the end of Exhibit “A” attached to the Assignment of Interests.
Assignor and Agent hereby agree that the term “Company” and “Companies” as used
in the Assignment of Interests shall include each of the Companies set forth on
Exhibit “A” attached to this Amendment (each, a “New Company” and collectively,
the “New Companies").

3.References to Assignment of Interests. All references in the Loan Documents to
the Assignment of Interests shall be deemed a reference to the Assignment of
Interests, as modified and amended herein.

4.Representations. The Assignor represents and warrants to Agent and the Lenders
as follows:

(a)Authorization. The execution, delivery and performance of this Amendment and
the transactions contemplated hereby (i) are within the authority of the
Assignor, (ii) have been duly authorized by all necessary proceedings on the
part of the Assignor, (iii) do not and will not conflict with or result in any
breach or contravention of any provision of law, statute, rule or regulation to
which the Assignor is subject or any judgment, order, writ, injunction, license
or permit applicable to the Assignor, (iv) do not and will not conflict with or
constitute a default (whether with the passage of time or the giving of notice,
or both) under any provision of the articles of incorporation, bylaws, operating
agreement, partnership agreement, declaration of trust or other charter
documents of, or any mortgage, indenture, agreement, contract or other
instrument binding upon, the Assignor or any of its properties or to which
Assignor is subject, (v) do not and will not result in or require the imposition
of any lien or other encumbrance on any of the properties, assets or rights of
the Assignor other than the liens and encumbrances created by the Loan Documents
as amended hereby.

(b)Enforceability. The execution and delivery of this Amendment are valid and
legally binding obligations of Assignor enforceable in accordance with the terms
and provisions hereof, except as enforceability is limited by bankruptcy,
insolvency, reorganization, moratorium or other laws relating to or affecting
generally the enforcement of creditors’ rights and the effect of general
principles of equity.

(c)Approvals. The execution, delivery and performance of this Amendment and the
transactions contemplated hereby do not require the approval or consent of any
Person or the authorization, consent, approval of or any license or permit
issued by, or any filing or registration with, or the giving of any notice to,
any court, department, board, commission or other governmental agency or
authority other than those already obtained and the filing of UCC financing
statements in the appropriate records office with respect hereto.

(d)Reaffirmation. Assignor hereby repeats and reaffirms all representations and
warranties, as modified hereby, made by it to the Agent in the Assignment of
Interests on and as of the date hereof with the same force and effect as if such
representations and warranties were set forth in this Amendment in full, except
to the extent that such representations and warranties expressly relate solely
to an earlier date (in which case such representations and warranties shall have
been true and accurate on and as of such earlier date) and except for changes in
factual circumstances or transactions not prohibited by the Loan Documents.

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5.No Default. By execution hereof, the Assignor certifies that no Default or
Event of Default has occurred and is continuing.

6.Ratification. Except as hereinabove set forth, all terms, covenants and
provisions of the Assignment of Interests remain unaltered and in full force and
effect, and the parties hereto do hereby expressly ratify and confirm the
Assignment of Interests as modified and amended herein and the other Loan
Documents. Nothing in this Amendment shall be deemed or construed to constitute,
and there has not otherwise occurred, a novation, cancellation, satisfaction,
release, extinguishment or substitution of the Secured Obligations (as defined
in the Assignment of Interests).

7.Acknowledgment of the Assignor. The Assignor hereby acknowledges, represents
and agrees that the Assignment of Interests, as modified and amended herein,
remains in full force and effect and constitutes the valid and legally binding
obligation of the Assignor enforceable against the Assignor in accordance with
its respective terms, and that the execution and delivery of this Amendment does
not constitute, and shall not be deemed to constitute, a release, waiver or
satisfaction of the Assignor’s obligations under the Loan Documents.

8.Grant of Security Interest; No Impairment; Continuing Security Interest.

(a)As security for the prompt payment and performance by Assignor of each and
all of the indebtedness, liabilities, duties, responsibilities and obligations
whether such indebtedness, liabilities, duties, responsibilities and obligations
are now existing or are hereafter created or arising under the Assignment of
Interests or any other Loan Document, Assignor does hereby transfer, assign,
pledge, convey, and grant to Agent, and does hereby grant a security interest to
Agent in, all of Assignor’s right, title and interest in and to all Collateral
referred to in Paragraph 2 of the Assignment of Interests with respect to the
New Companies.

(b)Except as otherwise expressly provided herein, nothing herein contained shall
in any way (a) impair or affect the validity and priority of the lien of the
Assignment of Interests as to the Collateral (as defined in the Assignment of
Interests) originally encumbered prior to the date of this Amendment, (b) alter,
waive, annul or affect any provision, condition or covenant in the Loan
Documents, or (c) affect or impair any rights, powers or remedies under the Loan
Documents.

(c)In furtherance of the foregoing, Assignor hereby acknowledges, represents and
agrees that the Assignment of Interests, as amended by this Amendment, creates a
continuing security interest in the Collateral (including all Collateral with
respect to the New Companies) and shall (x) remain in full force and effect
until the indefeasible payment in full of the Obligations and the Lenders have
no further obligation to make any advances or issue Letters of Credit under the
Credit Agreement, (y) be binding upon Assignor and its permitted heirs,
successors and assigns, and (z) inure, together with the rights and remedies of
Agent hereunder and thereunder, to the benefit of Agent and the Lenders and
their respective successors, transferees and assigns.

9.Amendment as Loan Document. This Amendment shall constitute a Loan Document.

10.Counterparts. This Amendment may be executed in any number of counterparts,
all of which taken together shall constitute one and the same instrument, and
any of the parties hereto may execute this Amendment by signing any such
counterpart.

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11.Governing Law. THIS AMENDMENT SHALL PURSUANT TO SECTION 5-1401 OF THE NEW
YORK GENERAL OBLIGATIONS LAW BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE
INTERNAL LAWS OF THE STATE OF NEW YORK.

12.Final Agreement. This Amendment REPRESENTS THE FINAL AGREEMENT BETWEEN THE
PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR
SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL
AGREEMENTS BETWEEN THE PARTIES.

13.Miscellaneous. This Amendment shall be effective upon the execution hereof by
Assignor and Agent and shall be binding upon and shall inure to the benefit of
the parties hereto and their respective permitted successors,
successors-in-title and assigns as provided in the Credit Agreement. All
captions in this Amendment are included herein for convenience of reference only
and shall not constitute part of this Amendment for any other purpose.

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IN WITNESS WHEREOF, the parties hereto, acting by and through their respective
duly authorized officers and/or other representatives, have duly executed this
Amendment, under seal, as of the day and year first above written.

ASSIGNOR:

CARTER VALIDUS OPERATING PARTNERSHIP II, LP, a Delaware limited partnership
By:
Carter Validus Mission Critical REIT II, Inc., a Maryland corporation, its
general partner

By:    /s/ Lisa Collado
Name: Lisa Collado
Title: Authorized Agent

AGENT:
KEYBANK NATIONAL ASSOCIATION, a national banking association, as Agent
By:    /s/ Kristin Centracchio
Name: Kristin Centracchio
Title: Vice President

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EXHIBIT “A”
COMPANIES
NAME OF ENTITY
FORMATION DOCUMENTS
STATE OF FORMATION
TYPE OF INTEREST
CERTIFICATE NUMBER
DCII-1400 Crossbeam Drive, LLC
Certificate of Formation filed on January 17, 2017 with the Secretary of the
State of Delaware and Limited Liability Company Agreement of DCII-1400 Crossbeam
Drive, LLC dated as of March 15, 2017
Delaware
100% of the limited liability company interests
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DCII-1400 Crossbeam Dr., LP
Certificate of Limited Partnership filed on January 19, 2017 with the Secretary
of the State of Delaware and Limited Partnership Agreement of DCII-1400
Crossbeam Dr., LP dated as of January 19, 2017
Delaware
100% of the limited partnership interests
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