EXHIBIT 10.1
SETTLEMENT AGREEMENT
THIS AGREEMENT is made on 4 September 2019
BETWEEN:
(1)
WELLTOWER INC., of 4500 Dorr Street, Toledo, Ohio 43615 (“Welltower” or “the
Company”); and

(2)
JOHN GOODEY, whose address is Springfield Nurseries, Bekesbourne Lane,
Bekesbourne, England CT4 5DX (“Mr Goodey” or “you”).

RECITALS
(A)
Mr Goodey was initially employed by HCN Management Services Limited as Senior
Vice President – International, based in the United Kingdom under a contract of
employment dated 6 May 2014 (the “Original Employment Contract”). The Original
Employment Contract was amended and assigned to Welltower with effect from 3
October 2017 in connection with Mr Goodey’s promotion to Executive Vice
President and Chief Financial Officer of Welltower, by means of a Deed of
Assignment and Amendment dated 6 December 2017 (the “Assigned and Amended
Employment Contract”).

(B)
So as to better perform his duties as Executive Vice President and Chief
Financial Officer of Welltower, Mr Goodey relocated from the United Kingdom to
the United States of America on 1 November 2018 and continued to perform his
duties for Welltower under the terms of a letter agreement dated 31 October 2018
(the “Letter Agreement”). In accordance with the terms of the Letter Agreement,
Mr Goodey’s rights under the Original Employment Agreement as amended and
assigned under the Assigned and Amended Employment Contract terminated with
effect from close of business on 31 October 2018.

(C)
On 4 September 2019 (the “Effective Date”), Mr Goodey stepped down from his role
as Executive Vice President and Chief Financial Officer of Welltower following
his return to the United Kingdom and his employment with Welltower will
terminate in accordance with the terms of this Agreement on 20 September 2019
(the “Termination Date”).

(D)
Welltower is entering into this Agreement for itself and as agent for and
trustee of all its Group Companies.

(E)
Mr Goodey is entering into this Agreement on 4 September 2019 having received
independent legal advice from the Adviser a qualified lawyer as such term is
defined in Section 203 of the Employment Rights Act 1996 as to the terms and
effect of this Agreement and is aware that he has those potential claims against
Welltower which are listed and have been raised in clause 6.

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THE PARTIES AGREE AS FOLLOWS:
1.
DEFINITIONS

1.1
In this Agreement the following terms shall have the meanings set out below:

“Adviser” means Caroline Walker of Cavendish Law (SRA ID 515905); and
“Group Company” and “Group Companies” shall mean Welltower and any group
undertaking (as defined in Section 1161(5) of the Companies Act 2006 and
supplemented by Section 1162 of the Companies Act 2006) or any associated body
corporate (as defined in Section 256 of the Companies Act 2006) for the time
being of Welltower and any of its subsidiary undertakings (as defined in Section
1162 of the Companies Act 2006) and any undertaking in which Welltower or any
Group Company holds 50% of the voting rights or which is otherwise considered by
Welltower to be a joint venture of any Group Company.
“Programs” shall mean the Welltower Inc. 2005 Long-Term Incentive Plan,
Welltower Inc. 2016 Long-Term Incentive Plan, Welltower Inc. 2017-2019 Long-Term
Incentive Program – Bridge – 1, Welltower Inc. 2017-2019 Long-Term Incentive
Program – Bridge 2, Welltower Inc. 2018-2020 Long-Term Incentive Program and
Welltower Inc. 2019-2021 Long-Term Incentive Program.
1.2
The headings in this Agreement are inserted for convenience only and shall not
affect its construction.

1.3
A reference to a particular law is a reference to it as it is in force for the
time being taking account of any amendment, extension, or re-enactment and
includes any subordinate legislation for the time being in force made under it.

1.4
Unless the context otherwise requires, a reference to one gender includes a
reference to other genders.

1.5
Unless the context otherwise requires, words in the singular include the plural
and in the plural include the singular.

1.6
The schedules to this Agreement form part of (and are incorporated into) this
Agreement.

2.
TERMINATION OF EMPLOYMENT AND DIRECTORSHIPS

2.1
With effect from the Effective Date, Mr Goodey will cease to serve as
Welltower’s Chief Financial Officer and as an Executive Vice President of
Welltower. Mr Goodey will carry out such reasonable handover duties as are
specifically requested by Welltower’s Chief Executive Officer or new Chief
Financial Officer but shall not undertake any other duties or enter into any
premises of any Group Company. Mr Goodey will continue to receive his salary and
other contractual benefits under the Letter Agreement up to and including the
Termination Date but shall not be entitled to receive any sums in respect of
bonus, save as set out in this Agreement. Following the Effective Date, Mr
Goodey shall not incur any business related expenses save to the extent
reasonable and necessary in order to carry out handover duties specifically
requested by Welltower’s Chief Executive Officer or new Chief Financial Officer.

2.2
The parties hereby acknowledge and agree that Mr Goodey’s employment with
Welltower under the Letter Agreement, and his right to receive all remuneration
and benefits thereunder, will terminate by mutual agreement on the Termination
Date. Notwithstanding the termination of Mr Goodey’s employment, he will remain
entitled to tax preparation assistance in accordance with the provisions of
Clause 2. (Tax Preparation Assistance) of Section E. (Assistance & Allowances)
of his Transfer Letter dated August 17, 2018 (the “Transfer Letter”), the
remaining terms of such Transfer Letter having been superseded and of no further
effect. For the avoidance of doubt this will include assistance in filing Mr
Goodey’s UK tax return for tax year 2018-2019.

2.3
Welltower hereby consents to Mr Goodey retaining the mobile telephone number
currently allocated to his work mobile telephone on the basis that Mr Goodey
will be responsible for the cost of all telephone

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calls following the Termination Date and Welltower will cooperate in the
transfer of such mobile telephone number to a handset owned by Mr Goodey.
2.4
Mr Goodey hereby resigns with effect from the Effective Date any and all other
positions Mr Goodey holds (i) with Welltower, (ii) with any Group Company, or
(iii) with any other organization as to any position held at the request of, as
a representative of, or for the benefit of Welltower. Mr Goodey agrees to take
any additional necessary steps and sign any additional documentation that may be
reasonably requested by Welltower, which Welltower in good faith shall endeavor
to complete within 90 days of the Effective Date, in order to give full effect
or confirmation of such resignations.

2.5
Without prejudice to his obligations under clause 2.4 above, Mr Goodey will
execute a letter of resignation in the form set out in schedule 4 hereto on the
Effective Date.

3.
LONG-TERM INCENTIVE PROGRAM AND BONUS

3.1
Provided Mr Goodey has previously returned to Welltower a copy of this Agreement
signed by him and the letter in schedule 1 signed by the Adviser and further
provided he satisfies the provisions of this Agreement and his obligations under
the Programs, the instalment of Mr Goodey’s 2017 Promotion Equity Grant which is
due to vest in October 2019 will continue to vest on such date notwithstanding
the prior termination of Mr Goodey’s employment with Welltower and shall settle
in shares of the Company’s common stock par value $1.00 per share, and along
with the bonus described at clause 3.3 below, shall serve as consideration of
the waiver of claims in clause 6 below and Mr Goodey’s confidentiality
obligations under clause 10.1 below; and the treatment of all of Mr Goodey’s
outstanding restricted stock, restricted stock units or other equity awards with
performance-based vesting shall be determined in accordance with the long-term
incentive plan, and any other plans, pursuant to which such awards were granted
and the applicable award agreement. Except as otherwise provided in this clause
3.1, all of Mr. Goodey’s other outstanding restricted stock, restricted stock
units or other equity awards with time-based vesting shall terminate and be
cancelled on the Termination Date.

3.2
Except as expressly otherwise provided herein, any benefits payable under the
Company’s 2017-2019 Long-Term Incentive Program – Bridge 1, 2017-2019 Long-Term
Incentive Program – Bridge 2, 2018-2020 Long-Term Incentive Program and
2019-2021 Long-Term Incentive Program shall be governed by the terms of such
Plan or Program, as the case may be, and the separate form of Waiver and Release
of Claims required thereunder, which is attached hereto as Schedule 2.

3.3
Subject to and conditional upon Mr Goodey complying with his obligations under
this Agreement (including, without limitation, those restrictive covenants by
which he are bound, whether by contract, policy of Welltower or its affiliates,
or applicable law) Mr Goodey shall receive a pro-rated annual bonus for 2019 in
respect of the period up to the Termination Date, payable at the time that
Welltower pays bonuses to its executive officers for 2019 (but no later than
March 15, 2020) with the individual performance component of this annual bonus
scored at Performance Rating of 2. Company performance component will be as of
12/31/2019. The amount of this bonus is estimated to be USD $535,838.

4.
CONTRIBUTION TOWARDS LEGAL FEES

4.1
Welltower shall contribute up to £1,000 (including any disbursements but
excluding VAT) towards the legal fees incurred by Mr Goodey in reaching this
Agreement. This payment shall be made directly to the legal advisers following
receipt of appropriate invoices addressed to Mr Goodey in accordance with
section 413A of the Income Tax (Earnings and Pensions) Act 2003.

5.
CONDITION PRECEDENT

The payments and benefits referred to in clauses 3 and 4 above (the
“Settlement”) shall be subject to clauses 6 and 7 below.
6.
WAIVER AND RELEASE OF CLAIMS

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6.1
Mr Goodey agrees that he has carefully considered all the facts and
circumstances relating to his employment and its termination and accepts the
Settlement and other terms of this Agreement in full and final settlement of:

(a)
the following particular claims against Welltower or any Group Company and its
or their officers or employees (each of which is hereby intimated and waived):

(i)
for breach of contract or wrongful dismissal;

(ii)
for unfair dismissal, under section 111 of the Employment Rights Act 1996;

(iii)
for unfair dismissal under section 103A of the Employment Rights Act 1996;

(iv)
in relation to the right to a written statement of reasons for dismissal, under
section 93 of the Employment Rights Act 1996;

(v)
for a statutory redundancy payment, under section 163 of the Employment Rights
Act 1996;

(vi)
in relation to an unlawful deduction from wages or unlawful payment, under
section 23 of the Employment Rights Act 1996;

(vii)
in relation to written employment particulars and itemised pay statements, under
section 11 of the Employment Rights Act 1996;

(viii)
in relation to working time or holiday pay, under regulation 30 of the Working
Time Regulations 1998;

(ix)
for direct or indirect discrimination, harassment or victimisation related to
age, under section 120 of the Equality Act 2010;

(x)
for less favourable treatment on the grounds of part-time status, under
regulation 8 of the Part-Time Workers (Prevention of Less Favourable Treatment)
Regulations 2000;

(xi)
for less favourable treatment on the grounds of fixed-term status, under
regulation 7 of the Fixed-Term Employees (Prevention of Less Favourable
Treatment) Regulations 2002;

(xii)
in relation to personal injury, whether or not Mr Goodey is aware or ought
reasonably to be aware of such claims at the date of this agreement,

(b)
the following additional claims against Welltower or any Group Company and its
or their officers or employees (each of which is hereby intimated and waived):

(i)
for unlawful detriment, under section 48 of the Employment Rights Act 1996 or
section 56 of the Pensions Act 2008;

(ii)
in relation to parental rights and flexible working, under sections 80 and 80H
of the Employment Rights Act 1996;

(iii)
for equal pay or equality of terms under sections 120 and 127 of the Equality
Act 2010;

(iv)
for direct or indirect discrimination, harassment or victimisation related to
sex, marital or civil partnership status or gender reassignment under section
120 of the Equality Act 2010;

(v)
for direct or indirect discrimination, harassment or victimisation related to
race under section 120 of the Equality Act 2010;

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(vi)
for direct or indirect discrimination, harassment or victimisation related to
disability, perceived disability, discrimination arising from disability, or
failure to make adjustments under section 120 of the Equality Act 2010;

(vii)
for direct or indirect discrimination, harassment or victimisation related to
religion or belief under section 120 of the Equality Act 2010;

(viii)
for direct or indirect discrimination, harassment or victimisation related to
sexual orientation, under section 120 of the Equality Act 2010;

(ix)
for harassment under the Protection from Harassment Act 1997;

(x)
for failure to comply with obligations under the Human Rights Act 1998;

(xi)
for failure to comply with obligations under the Data Protection Act 2018;

(xii)
for failure to comply with obligations under the General Data Protection
Regulation ((EU) 2016/679);

(xiii)
arising as a consequence of the United Kingdom's membership of the European
Union,

(c)
any and all claims, actions, causes of action, demands, obligations, grievances,
suits, losses, debts and expenses (including attorney’s fees and costs), damages
and claims in law or in equity of any nature whatsoever, known or unknown,
suspected or unsuspected, Mr Goodey ever had, now has, or may ever have (whether
under common law, statute, state, federal, European Union law or otherwise)
whether in the United States of America, the United Kingdom or any other country
or jurisdiction against Welltower, any Group Company and any of its past or
present subsidiaries, divisions, joint ventures, affiliates, related entities,
predecessors, merged entities and parent entities, benefit plans, and all of
their respective past and present officers, directors, stockholders, employees,
partners, members, managers, owners, consultants and advisors, benefit plan
administrators and trustees, agents, attorneys, insurers, representatives,
affiliates and all of their respective successors and assigns (collectively, the
“Welltower Released Parties”) up to and including the date of this Agreement.
Without limiting the generality of the foregoing, subject to clause 6.2 below,
the claims Mr Goodey is waiving include, but are not limited to, (a) any claims,
demands, and causes of action alleging violations of public policy, or of any
federal, state, or local law, statute, regulation, executive order, or
ordinance, or of any duties or other obligations of any kind or description
arising in law or equity under foreign, federal, state, or local law,
regulation, ordinance, or public policy having any bearing whatsoever on the
terms or conditions of Mr Goodey’s employment with or by Welltower or the
termination or resignation of Mr Goodey’s employment with Welltower or any
association or transaction with or by Welltower; (b) all claims of
discrimination or harassment on the basis of age, sex, race, national origin,
religion, sexual orientation, disability, veteran status or any other legally
protected category; (c) all claims under Title VII of the Civil Rights Act of
1964, the Americans with Disabilities Act, the Age Discrimination in Employment
Act, the Older Workers Benefit Protection Act, the Fair Labor Standards Act, the
Genetic Information Nondiscrimination Act, 42 U.S.C. § 1981, and all other
federal, state and local fair employment and anti-discrimination laws, all as
amended, including without limitation the Ohio Civil Rights Act, O.R.C. §
4112.01 et seq., the Ohio Age Discrimination in Employment Act, O.R.C. §
4112.14, the Ohio Uniformed Services Employment and Reemployment Act, O.R.C. §§
5903.01, 5903.02; (d) all claims under the Worker Adjustment and Retraining
Notification Act and similar state and local statutes, all as amended; (e) all
claims under the National Labor Relations Act, as amended; (f) all claims under
the Family and Medical Leave Act and other federal, state and local leave laws,
all as amended; (g) all claims under the Employee Retirement Income Security
Act, as amended (except with respect to accrued vested benefits under any
retirement or 401(k) plan in accordance with the terms of such plan and
applicable law); (h) all claims under the Sarbanes-Oxley Act of 2002, the False
Claims Act, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the
Securities Exchange Act of 1934, the Commodity Exchange Act, the Consumer
Financial Protection Act, the American Recovery and Reinvestment Act, the
Foreign Corrupt Practices Act, and the EU Competition

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Law, all as amended; (i) all claims of whistleblowing and retaliation under
federal, state and local laws, including without limitation the Ohio
Whistleblower Protection Act, O.R.C. § 4113.51 et. seq., Ohio statutory
provisions regarding retaliation/discrimination for pursuing a workers
compensation claim; (j) all claims under the Ohio Minimum Fair Wages Act, O.R.C.
§ 4111.01 et seq.; (k) all claims under the Ohio Wage Payment Act, O.R.C. §
4113.15; (l) all claims under any principle of common law or sounding in tort or
contract; (m) all claims concerning any right to reinstatement; (n) all claims
under the Immigration Reform and Control Act; (o) all claims under the Fair
Credit Reporting Act; (p) all claims under The Equal Pay Act; (q) all claims for
attorneys’ fees, costs, damages or other relief (monetary, equitable or
otherwise), whether under foreign, federal, state or local law, whether
statutory, regulatory or common law, to the fullest extent permitted by law; and
(r) all claims under any policy, agreement, contract, understanding or promise,
written or oral, formal or informal, between any of the Welltower Released
Parties and Mr Goodey and Mr Goodey unconditionally, knowingly and voluntarily
releases, remises, and forever discharges irrevocably waives any such claims or
rights of action which he now has or may become aware of hereafter. Further,
each of the persons and entities released herein is intended to and shall be a
third-party beneficiary of this Agreement.
6.2
This release of claims at Clause 6.1 (c) does not affect or waive: (a) benefits
and/or the right to seek benefits under applicable workers’ compensation and/or
unemployment compensation statutes; (b) any claims Mr Goodey may have for his or
her own vested accrued employee benefits under the terms of Welltower’s health,
welfare, or retirement benefit plans as of Mr Goodey’s last day of employment
with Welltower, as amended by this Agreement; (c) any right to pursue claims
which by law cannot be waived by signing this Agreement; (d) Mr Goodey’s rights
to indemnification under any indemnification agreement he has with Welltower or
any other Welltower Released Party and/or under Welltower’s or any Welltower
Released Party’s charter or bylaws, or to whatever coverage Mr Goodey may have
under Welltower’s or any Welltower Released Party’s directors’ and officers’
insurance policy for acts and omissions when Mr Goodey was an officer or
director of Welltower or of any Welltower Released Party; or (e) Mr Goodey’s
right to enforce this Agreement.

6.3
If any claim is not subject to release, to the extent permitted by law, Mr
Goodey waives any right or ability to be a class or collective action
representative or to otherwise participate in any putative or certified class,
collective or multi-party action or proceeding based on such a claim in which
Welltower or any other Welltower Released Party is a party.

6.4
Mr Goodey intends that this release of claims cover all claims described above,
whether or not known to him. Mr Goodey further recognises the risk that,
subsequent to the execution of this Agreement, he may incur loss, damage or
injury which he attributes to the claims encompassed by this release. Mr Goodey
also expressly waives and relinquishes, to the fullest extent permitted by law,
any and all rights he may have under California Civil Code Section 1542, or the
comparable provisions of the laws of any other jurisdiction, which provides as
follows:

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR OR RELEASING
PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF
EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE MATERIALLY
AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.”
7.
WARRANTIES

7.1
Mr Goodey represents and warrants that:

7.1.1
he has no claims against Welltower, any Group Company or any Welltower Released
Parties other than those raised in clause 6.1(a), (b) and (c);

7.1.2
he is not guilty of any act or omission which would entitle Welltower to
summarily dismiss him without notice or compensation;

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7.1.3
he has not filed, caused to be filed, or presently is a party to any claim
against any Welltower Released Party and that there has been no assignment or
other transfer of any interest in any claim by Mr Goodey that is covered by the
release set forth in Clause 6.

7.1.4
(a) Mr Goodey has been paid and/or has received all compensation, wages,
bonuses, commissions, and/or benefits which are considered earned and therefore
due and payable as of the date he signs this Agreement; (b) Mr Goodey has been
granted any leave to which he was entitled under his Letter Agreement, the
Family and Medical Leave Act or related state or local leave or disability
accommodation laws; (c) Mr Goodey has no known workplace injuries or
occupational diseases; (d) Mr Goodey has not been retaliated against for
reporting any allegations of wrongdoing by Welltower or its officers; (e) Mr
Goodey has not been prohibited, restricted or otherwise interfered with by any
Welltower Released Party from communicating with any Governmental Agency as
described in clause 10.3 below; and (f) all of Welltower’s decisions regarding
Mr Goodey’s pay and benefits through the date of Mr Goodey’s execution of this
Agreement were, to Mr Goodey’s knowledge, not discriminatory based on age, sex,
race, national origin, religion, sexual orientation, disability, veteran status
or any other classification protected by law.

7.1.5
he has not divulged any proprietary or confidential information of Welltower and
will continue to maintain the confidentiality of such information consistent
with Welltower’s policies and Mr Goodey’s agreement(s) with Welltower and/or
common law. Mr Goodey hereby represents and warrants that he has not breached
any of his obligations under Section 4 of the Welltower Inc. 2017-2019 Long-Term
Incentive Program-Bridge 1, the 2017-2019 Long-Term Incentive Program – Bridge
2, the 2018-2020 Long-Term Incentive Program, and the 2019-2021 Long-Term
Incentive Program (the “Programs”) and hereby ratifies and affirms such
obligations, which shall continue in full force and effect in accordance with
their terms. Mr Goodey understands and agrees that upon any violation of the
provisions of Section 4 of the Programs, any and all payment or benefits under
the Programs shall immediately stop and Mr Goodey shall be obligated to return
to Welltower any amounts previously paid to him under the Programs.

7.2
Mr Goodey acknowledges that Welltower has relied on the warranties set out above
in entering into this Agreement and that Welltower shall be released from any
obligation to make any payment or provide any benefit to Mr Goodey hereunder in
the event that the information so warranted proves inaccurate.

8.
TAX INDEMNITY

8.1
The deductions for tax and other statutory deductions made from the Settlement
by Welltower are in accordance with Welltower's current understanding of the tax
regime. However Mr Goodey agrees to be responsible for the payment of any
further tax and other statutory deductions (whether the same are payable in the
United Kingdom, the United States of America or elsewhere) in respect of all and
any part of the Settlement and to indemnify Welltower and each and every Group
Company (and to keep Welltower and each and every Group Company indemnified on a
continuing basis) against all and any liabilities to taxation or statutory
deductions (including any interest, fines, penalties, surcharges, costs and
expenses) which they may incur in respect of or by reason of all and any part of
the Settlement.

9.
COMPANY PROPERTY

9.1
Mr Goodey warrants that to the extent reasonably possible (i) he will return to
Welltower all documents (including copies), software, credit or charge cards and
any other property belonging to any of the Group Companies on or before the
Leaving Date (“Group Company Property”); (ii) he has not downloaded any
information or software belonging to Welltower or any Group Company; (iii) he
has disclosed to Welltower any passwords or computer access codes relevant to
the business of Welltower or any Group Company; and (iv) all correspondence or
e-mails belonging to Welltower and held on Mr Goodey’s personal computer have
been permanently deleted.

9.2
Mr Goodey undertakes to return to Welltower forthwith any Group Company Property
which may come into his possession or control in the future.

10.
CONFIDENTIAL INFORMATION

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10.1
Without prejudice to Mr Goodey’s common law and contractual obligations, and
subject always to Clauses 10.2 and 10.3 below, and in consideration of the
amounts set forth in clause 3 above less such deductions Welltower is required
by law to make, Mr Goodey shall continue to be bound by the obligations relating
to the protection of confidential information, intellectual property and
post-employment restrictive covenants set out in the the Programs including any
confidentiality, non-disparagement, non-solicitation and non-compete referred to
therein as a separate and independent obligation of this Agreement and as if the
terms of the same were set out for the first time herein and that he will,
without limitation to the forgoing, keep the terms of this Agreement
confidential.

10.2
The parties both acknowledge and understand that the purpose of this Agreement
is not to prevent, discourage or improperly influence the reporting of matters
that are properly disclosable to the courts, to other law enforcement bodies, or
under regulatory law or under the Public Interest Disclosure Act 1998 and
nothing in this Agreement will restrict Mr Goodey’s right to disclose
information on the terms of the settlement if required:

10.2.1
by any order of any court of competent jurisdiction or any regulatory, judicial,
governmental or similar body or taxation authority of competent jurisdiction;

10.2.2
by any law or reporting requirement;

10.2.3
in order to instruct legal or professional advisers provided that Mr Goodey
procures that any such adviser agrees to keep the information confidential;

10.2.4
in order to disclose any matter that may reasonably be considered to be a
criminal or professional or regulatory offence in the laws or regulations of any
country, or to assist in the investigation of any such offence;

10.2.5
in order to make a protected disclosure pursuant to the Public Interest
Disclosure Act 1998 (as amended);

10.3
Furthermore, nothing contained in this Agreement shall limit Mr Goodey’s ability
to file a charge or complaint with the Equal Employment Opportunity Commission,
the National Labor Relations Board, the Occupational Safety and Health
Administration, the Securities and Exchange Commission or any other federal,
state or local governmental agency or commission (each a “Government Agency”).
Mr Goodey further understands that this Agreement does not limit his ability to
communicate with any Government Agency or otherwise participate in any
investigation or proceeding that may be conducted by any Government Agency,
including providing documents or other information, without notice to Welltower.
However, to the maximum extent permitted by law, Mr Goodey agrees that if such a
charge or complaint is made, he shall not be entitled to recover any individual
monetary relief or other individual remedies. This Agreement does not limit or
prohibit Mr Goodey’s right to receive an award for information provided to any
Government Agency to the extent that such limitation or prohibition is a
violation of law.

11.
INDEPENDENT LEGAL ADVICE

11.1
Mr Goodey warrants that:

11.1.1
he has received independent legal advice from the Adviser, a qualified lawyer
acting in his or her professional capacity and who holds a current practising
certificate, as to the terms and effect of this Agreement and, in particular,
its effect on his ability to pursue his rights before an Employment Tribunal or
court of competent jurisdiction in England and Wales;

11.1.2
that there was in force, when the Adviser gave the advice referred to in this
paragraph, a policy of insurance covering claims in respect of any loss which
may arise in consequence of the advice, as required by section 203 of the
Employment Rights Act 1996 and section 147 of the Equality Act 2010, and also
that, that lawyer is an independent adviser for the purposes of section 147 of
the Equality Act 2010; and

11.1.3
he shall provide Welltower with a letter in the form set out in schedule 1
signed by the Adviser.

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12.
COMPLIANCE WITH LEGISLATION

The conditions regulating compromise contracts, compromise agreements and
settlement agreements (as applicable) under section 147(3) of the Equality Act
2010, section 203(3) of the Employment Rights Act 1996, regulation 35(3) of the
Working Time Regulations 1998, section 14 of the Employment Relations Act 1999,
regulation 9 of the Part-time Workers (Prevention of Less Favourable Treatment)
Regulations 2000, regulation 10 of the Fixed Term Employees (Prevention of Less
Favourable Treatment) Regulations 2002 and section 58 of the Pensions Act 2008
are satisfied.
13.
REPAYMENT PROVISIONS

If Mr Goodey
(a)
breaches any material term of this Agreement; or

(b)
raises any grievance in writing with Welltower or any Group Company before or
within four months of the Leaving Date;

(c)
lodges a subject access request under Article 15 of the General Data Protection
Regulation ((EU) 2016/679) with any Group Company; or

(d)
commences proceedings against Welltower or any Group Company in breach of this
Agreement

then, without prejudice to the rights of Welltower or any Group Company to
enforce the terms of this Agreement or any claw back provisions contained within
or relating to the Programs or otherwise, he will pay to Welltower on demand by
way of liquidated damages an amount equivalent to: (i) in the case of (a) above,
the damages suffered by Welltower as a result of the breach; or (ii) in the case
of (b) or (c) above, the aggregate value of the Settlement or (iii), in the case
of (d) above, the value of any damages, account of profits or other compensation
sought by Mr Goodey, or the amount which could be awarded in such proceedings,
and in both cases Welltower's costs in connection with such breach or
proceedings subject, however to a maximum of the amount of any payments made
under this Agreement and any such payment shall be recoverable as a debt.
14.
FUTURE COOPERATION

Mr Goodey acknowledges that he possesses Confidential Information and agrees
that he shall reasonably cooperate with Welltower in order to effectuate a
smooth and orderly transition of his knowledge, expertise and experience,
including, without limitation, responding to Welltower's requests for
information, identifying outstanding matters and the status thereof, and
identifying and explaining the location of files and materials (including
computer files) maintained by Mr Goodey during his employment with Welltower.
Subject always to Clause 10.2 and 10.3 above, Mr Goodey agrees to cooperate with
and make himself readily available, on a reasonable basis, to Welltower or its
professional advisers, as Welltower may request, to assist in any matter,
including but not limited to giving truthful testimony in any litigation or
potential litigation, over which Mr Goodey may have knowledge, information or
expertise and without requiring payment or compensation save for reimbursement
of out of pocket expenses and to notify of any contact by any party or an
advisor (or their insurer) to any party involved in any such dispute or
Litigation. Mr Goodey agrees that he will not counsel or assist any legal
representatives, other advisors or their clients in the presentation or
prosecution of any disputes, differences, grievances, claims, charges or
complaints by any third party against Welltower or any Group Company or its
directors, officers, employees, partners or members, unless under a subpoena or
other court order to do so, and then only to the extent required by law. Mr
Goodey further agrees as soon as is reasonably practicable and in any event
within three working days of receipt to (a) notify Welltower upon receipt of any
court order, subpoena or legal discovery device that seeks or might require the
disclosure or production of the existence or terms of this Agreement; and (b)
furnish a copy of such subpoena or legal discovery device to Welltower.
15.
NO ADMISSION OF WRONGDOING

1117452.17     9

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The parties agree that neither this Agreement nor the furnishing of the
consideration for this Agreement shall be deemed or construed at any time for
any purpose as an admission by any Welltower Released Party of wrongdoing or
evidence of any liability or unlawful conduct of any kind.
16.
ADDITIONAL FORMALITIES

16.1
Welltower hereby advises Mr Goodey to consult with an attorney licensed to
practice law in one or more jurisdictions in the United States of America of his
choosing prior to signing this Agreement. Mr Goodey understands and agrees that
he has the right and has been given the opportunity to review this Agreement
with such an attorney. Mr Goodey acknowledges and agrees that the payments and
benefits provided by Welltower under the terms of the Programs are sufficient
consideration to require him to comply with his obligations under this
Agreement. Mr Goodey represents that he has read this Agreement and understands
its terms and that he enters into this Agreement freely, voluntarily, and
without coercion. Except as otherwise provided in Clause 16.2, MR GOODEY, FREELY
AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS AGREEMENT INTENDING
TO WAIVE, SETTLE AND RELEASE ALL CLAIMS HE HAS OR MIGHT HAVE AGAINST EACH AND
EVERY WELLTOWER RELEASED PARTY AS OF THE DATE OF EXECUTION OF THIS AGREEMENT.

16.2
Mr Goodey acknowledges and agrees that: (a) He has been given at least
twenty-one (21) days during which to review and consider the provisions of this
Agreement, although he may at his discretion, knowingly and voluntarily, sign
and return the Agreement at any earlier time, but Mr Goodey may not sign and
return the Agreement until on or after his or her last day of employment with
Welltower; ; (b) modification of this Agreement does not restart this twenty-one
(21)-day consideration period; (c) Mr Goodey is waiving rights or claims which
may be waived by law in exchange for consideration that is not otherwise due
him, including claims and rights under the Age Discrimination in Employment Act
of 1967, as amended (the “ADEA”), and as otherwise described in this Agreement;
(d) rights or claims that may arise after the date this Agreement is executed,
including those arising under the ADEA, are not waived by this Agreement; (e) at
any time within seven (7) days after signing this Agreement, Mr Goodey may
revoke this Agreement; and (f) this Agreement is not enforceable until the
revocation period has passed without a revocation.

16.3
To revoke this Agreement, Mr Goodey must send a written statement of revocation
delivered by certified mail and email to Welltower Inc., Attn: General Counsel,
4500 Dorr Street, Toledo, OH 43615, Email: MMcQueen@welltower.com . This
revocation must be received no later than the seventh (7th) day following Mr
Goodey’s execution of this Agreement. If no such revocation occurs, this
Agreement shall become effective on the eighth (8th) day following execution of
this Agreement.

16.4
In the event that Mr Goodey revokes this Agreement, it shall have no force or
effect, and Mr Goodey shall have no right to receive or retain any payments and
benefits provided by Welltower under the terms of the Programs.

16.5
Mr Goodey affirms and agrees that he has not divulged any proprietary or
confidential information of Welltower and will continue to maintain the
confidentiality of such information consistent with Welltower’s policies and Mr
Goodey’s agreement(s) with Welltower, any Group Company and/or common law. Mr
Goodey hereby represents and warrants that he has not breached any of his
obligations under Section 4 of the Programs and hereby ratifies and affirms such
obligations, which shall continue in full force and effect in accordance with
their terms. Mr Goodey understands and agrees that upon any violation of the
provisions of Section 4 of the Programs, any and all payment or benefits under
the Programs and/or this Agreement shall immediately stop and Mr Goodey shall be
obligated to immediately pay to Welltower an amount equal to the aggregate of
any sums previously paid to him under the Programs and/or this Agreement.

17.
WITHOUT PREJUDICE STATUS

Once executed by both parties this Agreement will form an open and binding
agreement notwithstanding the fact that the front sheet is marked “without
prejudice” and “subject to contract”.
18.
THIRD PARTIES RIGHTS

1117452.17     10

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The Contracts (Rights of Third Parties) Act 1999 shall only apply to this
Agreement in relation to Welltower, any Group Company and the Welltower Released
Parties. No person other than the parties to this Agreement, the Group Companies
and the Welltower Released Parties shall have any rights under it and it will
not be enforceable by any person other than those parties.
19.
ENTIRE AGREEMENT

19.1
The terms of this Agreement constitute the entire agreement between the parties
in respect of the termination of Mr Goodey’s employment and supersede any
previous agreement between them linked to the termination of Mr Goodey’s
employment. The parties acknowledge that they are not entering into this
Agreement in reliance upon any representation, warranty or undertaking which is
not contained or referred to in this Agreement. The terms of this Agreement do
not replace or supersede any provision of the Letter Agreement as amended by
this Agreement, nor do they replace or supercede any terms of the Programs
including any confidentiality, non-disparagement, non-solicitation and
non-compete referred to therein.

19.2
No variation of this Agreement shall be binding on either party unless and to
the extent that the same is recorded in a written document executed by the
parties. No waiver by Welltower or any Group Company of any term, provision or
condition of this Agreement or of any breach by Mr Goodey of any such term,
provision or condition shall be effective unless it is in writing (excluding
e-mail) and signed by Welltower. No failure to exercise nor any delay in
exercising any right or remedy hereunder by Welltower or any Group Company shall
operate as a waiver thereof or of any other right or remedy hereunder, nor shall
any single or partial exercise of any right or remedy by Welltower or any Group
Company prevent any further or other exercise thereof or the exercise of any
other right or remedy.

20.
SEVERABILITY

If any provision or part of a provision of this Agreement shall be or become
void or unenforceable for any reason, this shall not affect the validity of that
provision or any remaining provisions of this Agreement in this or any other
jurisdiction and the provision may be severable and if any provision would be
treated as valid and effective if part of the wording was deleted, it shall
apply with such modifications as necessary to make it valid and effective.
21.
COUNTERPARTS

This Agreement may be executed by counterparts which together shall constitute
one agreement. Either party may enter into this Agreement by executing a
counterpart and this Agreement shall not take effect until it has been executed
by both parties. Delivery of an executed counterpart or a signature page by
facsimile or scanned via email shall take effect as delivery of an executed
counterpart of this Agreement following which the relevant party shall give the
other the original of such page as soon as reasonably practicable thereafter.
22.
GOVERNING LAW AND JURISDICTION

22.1
This Agreement shall be governed by and construed in accordance with the law of
England and Wales.

22.2
Each party irrevocably agrees to submit to the non-exclusive jurisdiction of the
courts of England and Wales over any claim or matter arising under or in
connection with this Agreement.

1117452.17     11

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IN WITNESS whereof this Agreement has been executed as a deed and delivered on
the date first above written.

Signed and Delivered as a deed by )
JOHN GOODEY            )
in the presence of:            )     /s/ John Goodey
Witness signature:      /s/ Kerri Moat
Witness name:          Kerri Moat
Witness address:           149 High St.
Garlinge
Margate, CT9 5LY
Witness occupation:     Retired R.M.N.

Signed and Delivered as a deed by        )
WELLTOWER INC.            )
acting by Matthew McQueen,        )
in the presence of:            ) /s/ Matthew McQueen
Witness signature:     /s/ Michelle Pawlecki
Witness name:          Michelle Pawlecki
Witness address:          4500 Dorr St.
Toledo, OH 43615

Witness occupation:      Executive Assistant

1117452.17     12

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SCHEDULE 1    
1    Letter from Adviser
[To be typed on the headed notepaper of [the law firm acting for the
individual]]
______ 2019
Dear Sirs
Re: Welltower Inc. ("Welltower") and John Goodey ("Mr Goodey")
We refer to the agreement between Welltower and Mr Goodey, our client, dated
______ 2019, a copy of which is attached (the “Settlement Agreement”) and
confirm that:
1.
[name of adviser] has given Mr Goodey independent advice as to the terms and
effect of the Settlement Agreement and, in particular, (i) its effect on his
ability to pursue his rights before an employment tribunal or court; and (ii)
the meaning and effect of this clause and clause 11 of the Settlement Agreement
and the circumstances in which Mr Goodey is free to use or disclose information
in accordance with the provisions of this clause 12.2;

2.
[name of adviser] is a solicitor of the Senior Courts of England and Wales and
holds (and held at the time the advice was given) a current practising
certificate issued by The Solicitors Regulation Authority;

3.
[firm] holds, and held at the time the advice was given, a current policy of
insurance or an indemnity provided for members of a profession or professional
body covering the risk of a claim by Mr Goodey in respect of any loss arising in
consequence of the advice; and

4.
neither [firm] nor [name of adviser] acted for Welltower or any Group Company in
relation to the termination of Mr Goodey's employment with Welltower or the
Settlement Agreement and we consider [name of adviser] to be an independent
adviser for the purposes of section 147 of the Equality Act 2010.

Yours faithfully

[Name of adviser]
for and on behalf of
[firm]

1117452.17     13

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SCHEDULE 2    
Waiver and Release of Claims

WAIVER AND RELEASE OF CLAIMS
UNDER THE
2005 LONG-TERM INCENTIVE PLAN
2016 LONG-TERM INCENTIVE PLAN
2017-2019 LONG-TERM INCENTIVE PROGRAM – BRIDGE 1
2017-2019 LONG-TERM INCENTIVE PROGRAM – BRIDGE 2
2018-2020 LONG-TERM INCENTIVE PROGRAM
2019-2021 LONG-TERM INCENTIVE PROGRAM
This WAIVER AND RELEASE OF CLAIMS (this “Agreement”) is made by and between
Welltower Inc. (the “Company”) and John Goodey on behalf of himself and his
agents, heirs, executors, administrators, successors and assigns (collectively
referred to herein as “Employee”).
1.    General Release of Claims.
1.1.
General Release of All Claims. In exchange for the payments and benefits
provided by the Company under the terms of the Welltower Inc. 2005 Long-Term
Incentive Plan, Welltower Inc. 2016 Long-Term Incentive Plan, Welltower Inc.
2017-2019 Long-Term Incentive Program – Bridge – 1, Welltower Inc. 2017-2019
Long-Term Incentive Program – Bridge 2, Welltower Inc. 2018-2020 Long-Term
Incentive Program and Welltower Inc. 2019-2021 Long-Term Incentive Program (the
“Programs”), which Employee acknowledges and agrees provide adequate
consideration to which Employee would not otherwise be entitled, Employee
unconditionally, knowingly and voluntarily releases, remises, and forever
discharges the Company and any of its past or present subsidiaries, divisions,
joint ventures, affiliates, related entities, predecessors, merged entities and
parent entities, benefit plans, and all of their respective past and present
officers, directors, stockholders, employees, partners, members, managers,
owners, consultants and advisors, benefit plan administrators and trustees,
agents, attorneys, insurers, representatives, affiliates and all of their
respective successors and assigns (collectively, the “Company Released
Parties”), from any and all claims, actions, causes of action, demands,
obligations, grievances, suits, losses, debts and expenses (including attorney’s
fees and costs), damages and claims in law or in equity of any nature
whatsoever, known or unknown, suspected or unsuspected, Employee ever had, now
has, or may ever have against any Company Released Party up to and including the
day on which Employee signs this Agreement. Without limiting the generality of
the foregoing, subject to Section 1.2 below, the claims Employee is waiving
include, but are not limited to, (a) any claims, demands, and causes of action
alleging violations of public policy, or of any federal, state, or local law,
statute, regulation, executive order, or ordinance, or of any duties or other
obligations of any kind or description arising in law or equity under foreign,
federal, state, or local law, regulation, ordinance, or public policy having any
bearing whatsoever on the terms or conditions of Employee’s employment with or
by the Company or the termination or resignation of Employee’s employment with
the Company or any association or transaction with or by the Company; (b) all
claims of discrimination or harassment on the basis of age, sex, race, national
origin, religion, sexual orientation, disability, veteran status or any other
legally protected category; (c) all claims under Title VII of the Civil Rights
Act of 1964, the Americans with Disabilities Act, the Age Discrimination in
Employment Act, the Older Workers Benefit Protection Act, the Fair Labor
Standards Act, the Genetic Information Nondiscrimination Act, 42 U.S.C. § 1981,
and all other federal, state and local fair employment and anti-discrimination
laws, all as amended, including without limitation the Ohio Civil Rights Act,
O.R.C. § 4112.01 et seq., the Ohio Age Discrimination in Employment Act, O.R.C.
§ 4112.14, the Ohio Uniformed Services Employment and Reemployment Act, O.R.C.
§§ 5903.01, 5903.02; (d) all claims under the Worker Adjustment and Retraining
Notification Act and similar state and local statutes, all as amended; (e) all
claims under the National Labor Relations Act, as amended; (f) all claims under
the Family and Medical Leave Act and other federal, state and local leave laws,
all as amended; (g) all claims under the

1117452.17     14

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Employee Retirement Income Security Act, as amended (except with respect to
accrued vested benefits under any retirement or 401(k) plan in accordance with
the terms of such plan and applicable law); (h) all claims under the
Sarbanes-Oxley Act of 2002, the False Claims Act, the Dodd-Frank Wall Street
Reform and Consumer Protection Act, the Securities Exchange Act of 1934, the
Commodity Exchange Act, the Consumer Financial Protection Act, the American
Recovery and Reinvestment Act, the Foreign Corrupt Practices Act, and the EU
Competition Law, all as amended; (i) all claims of whistleblowing and
retaliation under federal, state and local laws, including without limitation
the Ohio Whistleblower Protection Act, O.R.C. § 4113.51 et. seq., Ohio statutory
provisions regarding retaliation/discrimination for pursuing a workers
compensation claim; (j) all claims under the Ohio Minimum Fair Wages Act, O.R.C.
§ 4111.01 et seq.; (k) all claims under the Ohio Wage Payment Act, O.R.C. §
4113.15; (l) all claims under any principle of common law or sounding in tort or
contract; (m) all claims concerning any right to reinstatement; (n) all claims
under the Immigration Reform and Control Act; (o) all claims under the Fair
Credit Reporting Act; (p) all claims under The Equal Pay Act; (q) all claims for
attorneys’ fees, costs, damages or other relief (monetary, equitable or
otherwise), whether under foreign, federal, state or local law, whether
statutory, regulatory or common law, to the fullest extent permitted by law; and
(r) all claims under any policy, agreement, contract, understanding or promise,
written or oral, formal or informal, between any of the Company Released Parties
and Employee. Further, each of the persons and entities released herein is
intended to and shall be a third-party beneficiary of this Agreement.
1.2.
Claims Not Released. This release of claims does not affect or waive: (a)
benefits and/or the right to seek benefits under applicable workers’
compensation and/or unemployment compensation statutes; (b) any claims Employee
may have for his own vested accrued employee benefits under the terms of the
Company’s health, welfare, or retirement benefit plans as of Employee’s last day
of employment with the Company; (c) any right to pursue claims which by law
cannot be waived by signing this Agreement; (d) Employee’s rights to
indemnification under any indemnification agreement he has with the Company or
any other Company Released Party and/or under the Company’s or any Company
Released Party’s charter or bylaws, or to whatever coverage Employee may have
under the Company’s or any Company Released Party’s directors’ and officers’
insurance policy for acts and omissions when Employee was an officer or director
of the Company or of any Company Released Party; or (e) Employee’s right to
enforce this Agreement and the Settlement Agreement between the Company and
Employee, dated September [3], 2019 (the “Settlement Agreement”) (including, for
the avoidance of doubt, his rights with respect to the equity awards described
in Schedule 3 of the Settlement Agreement).

1.3.
Government Agencies. Notwithstanding any other provision in this Agreement to
the contrary, nothing contained in this Agreement limits Employee’s ability to
file a charge or complaint with the Equal Employment Opportunity Commission, the
National Labor Relations Board, the Occupational Safety and Health
Administration, the Securities and Exchange Commission or any other federal,
state or local governmental agency or commission (each a “Government Agency”).
Employee further understands that this Agreement does not limit Employee’s
ability to communicate with any Government Agency or otherwise participate in
any investigation or proceeding that may be conducted by any Government Agency,
including providing documents or other information, without notice to the
Company. However, to the maximum extent permitted by law, Employee agrees that
if such a charge or complaint is made, Employee shall not be entitled to recover
any individual monetary relief or other individual remedies. This Agreement does
not limit or prohibit Employee’s right to receive an award for information
provided to any Government Agency to the extent that such limitation or
prohibition is a violation of law.

1.4.
Collective/Class Action Waiver. If any claim is not subject to release, to the
extent permitted by law, Employee waives any right or ability to be a class or
collective action representative or to otherwise participate in any putative or
certified class, collective or multi-party action or proceeding based on such a
claim in which the Company or any other Company Released Party is a party.

1117452.17     15

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1.5.
Release of Unknown Claims.    Employee intends that this release of claims cover
all claims described above, whether or not known to Employee. Employee further
recognizes the risk that, subsequent to the execution of this Agreement,
Employee may incur loss, damage or injury which Employee attributes to the
claims encompassed by this release. Employee also expressly waives and
relinquishes, to the fullest extent permitted by law, any and all rights he may
have under California Civil Code Section 1542, or the comparable provisions of
the laws of any other jurisdiction, which provides as follows:

“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING
PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF
EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY
AFFECTED HIS OR HER SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY.”
2.    Acknowledgments and Affirmations.
2.1.
Employee affirms that Employee has not filed, caused to be filed, or presently
is a party to any claim against any Company Released Party. Employee also
represents and warrants that there has been no assignment or other transfer of
any interest in any claim by Employee that is covered by the release set forth
in Section 1.

2.2.
Employee affirms that (a) except for the benefits referred to in Section 1.2(b)
above, Employee has been paid and/or has received all compensation, wages,
bonuses, commissions, and/or benefits which are considered earned and therefore
due and payable as of the date Employee signs this Agreement; (b) Employee has
been granted any leave to which Employee was entitled under the Family and
Medical Leave Act or related state or local leave or disability accommodation
laws; (c) Employee has no known workplace injuries or occupational diseases; (d)
Employee has not been retaliated against for reporting any allegations of
wrongdoing by the Company or its officers; (e) Employee has not been prohibited,
restricted or otherwise interfered with by any Company Released Party from
communicating with any Governmental Agency as described in Section 1.3 above;
and (f) all of the Company’s decisions regarding Employee’s pay and benefits
through the date of Employee’s execution of this Agreement were, to Employee’s
knowledge, not discriminatory based on age, sex, race, national origin,
religion, sexual orientation, disability, veteran status or any other
classification protected by law.

2.3.
Employee affirms and agrees that Employee has not divulged any proprietary or
confidential information of the Company and will continue to maintain the
confidentiality of such information consistent with the Company’s policies and
Employee’s agreement(s) with the Company and/or common law. Employee hereby
represents and warrants that he has not breached any of his obligations under
Section 4 of the Programs and hereby ratifies and affirms such obligations,
which shall continue in full force and effect in accordance with their terms.
Employee understands and agrees that upon any violation of the provisions of
Section 4 of the Programs, any and all payment or benefits under the Programs
shall immediately stop and Employee shall be obligated to return to the Company
any amounts previously paid to Employee under the Program.

3.
No Admission of Wrongdoing. Employee and the Company agree that neither this
Agreement nor the furnishing of the consideration for this Agreement shall be
deemed or construed at any time for any purpose as an admission by any Company
Released Party of wrongdoing or evidence of any liability or unlawful conduct of
any kind.

4.
Consultation with Attorney; Voluntary Agreement. The Company hereby advises
Employee to consult with an attorney of his choosing prior to signing this
Agreement. Employee understands and agrees that Employee has the right and has
been given the opportunity to review this Agreement with an attorney. Employee
acknowledges and agrees that the payments and benefits provided by the Company
under the terms of the Programs are sufficient consideration to require him to
comply with his obligations under

1117452.17     16

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this Agreement. Employee represents that he has read this Agreement and
understands its terms and that he enters into this Agreement freely,
voluntarily, and without coercion. Except as otherwise provided in Section 1.2,
EMPLOYEE, FREELY AND KNOWINGLY, AND AFTER DUE CONSIDERATION, ENTERS INTO THIS
AGREEMENT INTENDING TO WAIVE, SETTLE AND RELEASE ALL CLAIMS EMPLOYEE HAS OR
MIGHT HAVE AGAINST EACH AND EVERY COMPANY RELEASED PARTY AS OF THE DATE OF
EXECUTION OF THIS AGREEMENT.
5.
Effective Date; Revocation. Employee acknowledges and agrees that: (a) Employee
has been given at least twenty-one (21) days during which to review and consider
the provisions of this Agreement, although he may at his discretion, knowingly
and voluntarily, sign and return the Agreement at any earlier time, but Employee
may not sign and return the Agreement until on or after his last day of
employment with the Company; (b) modification of this Agreement does not restart
this twenty-one (21)-day consideration period; (c) Employee is waiving rights or
claims which may be waived by law in exchange for consideration that is not
otherwise due to Employee, including claims and rights under the Age
Discrimination in Employment Act of 1967, as amended (the “ADEA”), and as
otherwise described in this Agreement; (d) rights or claims that may arise after
the date this Agreement is executed, including those arising under the ADEA, are
not waived by this Agreement; (e) at any time within seven (7) days after
signing this Agreement, Employee may revoke this Agreement; and (f) this
Agreement is not enforceable until the revocation period has passed without a
revocation.

To revoke this Agreement, Employee must send a written statement of revocation
delivered by certified mail to Welltower Inc., Attn: Chief Executive Officer,
4500 Dorr Street, Toledo, OH 43615. This revocation must be received no later
than the seventh (7th) day following Employee’s execution of this Agreement. If
no such revocation occurs, this Agreement shall become effective on the eighth
(8th) day following execution of this Agreement.
In the event that Employee revokes this Agreement, it shall have no force or
effect, and Employee shall have no right to receive or retain any payments and
benefits provided by the Company under the terms of the Programs.
6.
Severability. In the event that any one or more of the provisions of this
Agreement shall be held to be invalid, illegal or unenforceable, the validity,
legality and enforceability of the remainder of the Agreement shall not in any
way be affected or impaired thereby.

7.
Waiver. No waiver by either party of any breach by the other party of any
condition or provision of this Agreement to be performed by such other party
shall be deemed a waiver of any other provision or condition at the time or at
any prior or subsequent time. This Agreement and the provisions contained in it
shall not be construed or interpreted for or against either party because that
party drafted or caused that party’s legal representative to draft any of its
provisions.

8.
Governing Law. This Agreement shall be construed in accordance with and governed
by the laws of the State of Ohio, without regard to principles of conflict of
laws of such state.

9.
Headings. All descriptive headings in this Agreement are inserted for
convenience only and shall be disregarded in construing or applying any
provision of this Agreement.

10.
Counterparts. This Agreement may be executed in counterparts, each of which
shall be deemed an original but all of which together shall constitute one and
the same instrument.

[Signature Page Follows]

1117452.17     17

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IN WITNESS WHEREOF, this Agreement has been duly executed as of the dates
written below.

WELLTOWER, INC
 
 
EXECUTIVE

By:
/s/ Matthew McQueen
 
 
/s/ John Goodey

Name:
Matthew McQueen
 
 
John Goodey

Title:
Senior Vice President - General Counsel and Corporate Secretary
 
 
 

Date:
5 September 2019
 

Date:
5 September 2019

1117452.17     18

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SCHEDULE 3    
Equity Awards

 
 
Earned Equity - Accelerated Vesting of Unvested Units
3,600 units
October 2019 vesting of the promotion equity award of restricted stock granted
in October 2017
30,741 units
Performance-based units granted with the 2017-2019 Bridge 1, 2017-2019 Bridge 2,
2018-2020 LTIP, and 2019-2021 LTIP; based on company performance (as of 2Q-2019,
certified by the Compensation Committee) and prorated by time-worked of
applicable performance period
 
 
$3,049,137
Estimated value as of closing stock price on 8/16/19 of $88.79;
estimated accrued dividends of $164,894.58 are not included
 
 

1117452.17     19

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SCHEDULE 4
1    Letter of Resignation
4 September 2019
Dear Sirs
I resign as a director and/or officer of the companies listed below with
immediate effect and confirm that I have no claims against any of the companies
listed below arising out of the termination of my directorships and offices:
Lawrence Care (Maids Moreton) Limited
Oakland Care Centre Limited
Restful Homes I Holding Company Ltd.
Camelia Care Limited
Restful Homes (Birmingham) Limited
Restful Homes Developments Ltd.
Restful Homes (Milton Keynes) Ltd.
HCN UK Investments Limited
Aurora Propco 2 Limited
Hawthorns Retirement Group UK Limited
Hawthorns Retirement UK Limited
Hawthorns Retirement Management Limited
Welltower OM Member REIT LLC
Welltower Inc.
I agree to complete any further documentation or instrument to effect such
resignation.
Yours faithfully
/s/ John Goodey
John Goodey

1117452.17     20