Amended and Restated Share Redemption Plan




 Exhibit 4.4 

AMENDED AND RESTATED SHARE REDEMPTION PROGRAM 

The board of directors of Wells Core Office Income REIT, Inc., a Maryland corporation (the “Company”), has adopted a
Share Redemption Program (the “SRP”), the terms and conditions of which are set forth below. Capitalized terms shall have the same meaning as set forth in the Company’s charter unless otherwise defined herein. 

1. Share Redemption. Subject to the terms and conditions of this SRP, including the limitations on redemptions set forth in
paragraph 3 and the procedures for redemption set forth in paragraph 4, the Company will redeem such number of shares of the Company’s Common Stock (“Shares”) as requested by a stockholder or the authorized representative of a
stockholder. 
 2. Redemption Price. The price at which the Company will redeem a Share depends on whether the redemption
is sought within two years of a stockholder’s death or Qualifying Disability (as defined in paragraph 6 below). The redemption of a Share that is not sought within two years of a stockholder’s death or Qualifying Disability is referred to
as an “Ordinary Redemption.” 
 a. The price that the Company will pay to redeem a Share
pursuant to an Ordinary Redemption is as follows: 
 i. prior to the date on which the Company completes its
offering stage, 91.0% of the price paid to acquire the Share from the Company; and 
 ii. on or after the date on
which the Company completes its offering stage, 95.0% of (x) the estimated per share value of the Common Stock, as determined by the Company’s advisor or another firm chosen for that purpose less (y) the aggregate distributions
per Share of any net sale proceeds from the sale of one or more of the Company’s assets, or other special distributions so designated by the Board of Directors, distributed to stockholders after the estimated per share value is determined (the
“Valuation Adjustment”). 
 b. The price that the Company will pay to redeem a Share within two
years of a stockholder’s death or Qualifying Disability (as defined in paragraph 6 below) is as follows: 

i. prior to the date on which the Company completes its offering stage, the price paid to acquire the Share from the
Company; and 
 ii. on or after the date on which the Company completes its offering stage, (x) the
estimated per share value of the Common Stock, as determined by the Company’s advisor or another firm chosen for that purpose less (y) the Valuation Adjustment. 

The Company’s offering stage will be complete 18 months after the termination of an offering of Shares by the Company if no other
offering of Shares commenced within such 18-month period. An “offering” referred to in the foregoing sentence (i) shall be a public offering or a private offering if the private offering is to third parties and is deemed sufficiently
robust by the Company’s Board of Directors as to be the basis for establishing a fair market value for the Shares and (ii) shall not include offerings on behalf of selling stockholders or offerings related to any distribution reinvestment
plan, employee benefit plan, or the redemption of interests in Wells Core Office Income Operating Partnership, L.P., the Company’s operating partnership. On or after the date on which the Company completes its offering stage, the Company will
report the redemption price in its annual report and three quarterly reports publicly filed with the Securities and Exchange Commission. 

3. Limitations on Redemption. Notwithstanding anything contained in this SRP to the contrary, the Company’s obligation to
redeem Shares pursuant to paragraph 1 hereof is limited as follows: 
 a. The Company will not redeem any share
that has been transferred for value by a stockholder. After a transfer for value, the transferee and all subsequent holders of the share are not eligible to participate in the SRP. 

b. The Company will not make an Ordinary Redemption of a Share until such Share has been issued and outstanding for at
least one year, provided that, if the 








 
Company is redeeming all of a stockholder’s Shares, then the Company will redeem Shares purchased by such stockholder pursuant to the Company’s distribution reinvestment plan even if
such Shares have not been issued and outstanding for at least one year. 
 c. The Company will not redeem Shares
on any Redemption Date (as defined in paragraph 4 below) to the extent that such redemptions would cause the amount paid for Ordinary Redemptions during the 12-month period ending on such Redemption Date to exceed 50% of the net proceeds from sales
of Shares under the Company’s distribution reinvestment plan during such 12-month period. 
 d. The Company
will not redeem Shares on any Redemption Date to the extent that such redemptions would cause the aggregate number of shares redeemed during the 12-month period ending on such Redemption Date to exceed 5% of the weighted-average number of shares
outstanding in such 12-month period. 
 e. The Company will not redeem Shares on any Redemption Date to the
extent that such redemptions would cause the aggregate amount paid for all redemptions during the 12- month period ending on such Redemption Date to exceed 100% of the net proceeds from the Company’s distribution reinvestment plan during such
12-month period. 
 4. Procedures for Redemption. The Company will redeem Shares on the last business day of each month
(each such date, a “Redemption Date”). For a stockholder’s Shares to be eligible for redemption on a given Redemption Date, the Company must receive a written redemption request from the stockholder or from an authorized
representative of the stockholder setting forth the number of Shares requested to be redeemed at least five business days before the Redemption Date. If the Company cannot repurchase all Shares presented for redemption in any month because of the
limitations on redemption set forth in paragraph 3, then the Company will honor redemption requests on a pro rata basis, except that (i) if a pro rata redemption would result in a stockholder owning less than half of the minimum amount required
by applicable state law (the “Minimum Purchase Requirement”), then the Company would redeem all of such stockholder’s Shares; and (ii) if a pro rata redemption would result in a stockholder owning more than half but less
than all of the Minimum Purchase Requirement, then the Company would not redeem any Shares that would reduce a stockholder’s ownership of Shares below the Minimum Purchase Requirement. 

If the Company does not completely satisfy a redemption request at month-end because the Company did not receive the request in time or
because of the limitations on redemption set forth in paragraph 3, then the Company will treat the unsatisfied portion of the redemption request as a request for redemption at the next Redemption Date funds are available for redemption, unless the
redemption request is withdrawn. Any stockholder can withdraw a redemption request by sending written notice to the Company at the address set forth in paragraph 8, provided such notice is received before the Redemption Date. 

5. Special Provisions upon the Death or Qualifying Disability of a Stockholder. Notwithstanding anything herein to the contrary,
the Company will treat redemption requests sought within two years of a stockholder’s death or Qualifying Disability differently than Ordinary Redemptions, as follows: 

a. There is no requirement that Shares be issued and outstanding for at least one year before being redeemed; 

b. The special redemption pricing terms set forth in paragraph 2.b. will apply. 

c. The limitations on redemptions set forth in paragraph 3.b. and paragraph 3.c. do not apply. 

Except as specifically set forth in this paragraph 5, redemptions upon the death or Qualifying Disability of a stockholder are subject to
the same limitations and terms and conditions as other redemptions, including the limitations on redemptions set forth in paragraph 3 and the redemption request procedures set forth in paragraph 4.









 
A stockholder that is a trust may only redeem on the terms available in connection with the death or Qualifying Disability of a stockholder if the deceased or disabled was the sole beneficiary of
the trust or if the only other beneficiary of the trust was the spouse of the deceased or disabled. 
 6. Qualifying
Disability Determinations. In order for a stockholder’s disability to entitle such stockholder to the special redemption terms described in paragraph 5 (a “Qualifying Disability”), (1) the stockholder must receive a
determination of disability based upon a physical or mental condition or impairment arising after the date the stockholder acquired the Shares to be redeemed, and (2) such determination of disability must be made by the governmental agency
responsible for reviewing the disability retirement benefits that the stockholder could be eligible to receive (the “Applicable Government Agency”). The Applicable Government Agencies are limited to the following: (i) if the
stockholder paid Social Security taxes and, therefore, could be eligible to receive Social Security disability benefits, then the Applicable Governmental Agency is the Social Security Administration or the agency charged with responsibility for
administering Social Security disability benefits at that time if other than the Social Security Administration; (ii) if the stockholder did not pay Social Security taxes and, therefore, could not be eligible to receive Social Security
disability benefits, but the stockholder could be eligible to receive disability benefits under the Civil Service Retirement System (“CSRS”), then the Applicable Governmental Agency is the U.S. Office of Personnel Management or the
agency charged with responsibility for administering CSRS benefits at that time if other than the Office of Personnel Management; or (iii) if the stockholder did not pay Social Security taxes and, therefore, could not be eligible to receive
Social Security benefits but suffered a disability that resulted in the stockholder’s discharge from military service under conditions that were other than dishonorable and, therefore, could be eligible to receive military disability benefits,
then the Applicable Governmental Agency is the Department of Veterans Affairs or the agency charged with the responsibility for administering military disability benefits at that time if other than the Department of Veterans Affairs. 

A disability determination by a governmental agency for purposes other than those listed above, including but not limited to
worker’s compensation insurance, administration or enforcement of the Rehabilitation Act or Americans with Disabilities Act, or waiver of insurance premiums will not be considered a Qualifying Disability. Redemption requests following an award
by the Applicable Governmental Agency of disability benefits must be accompanied by: (1) the investor’s initial application for disability benefits and (2) a Social Security Administration Notice of Award, a U.S. Office of Personnel
Management determination of disability under CSRS, a Department of Veterans Affairs record of disability-related discharge or such other documentation issued by the Applicable Governmental Agency that the Company deems acceptable and that
demonstrates an award of the disability benefits. 
 Because the following disabilities do not entitle a worker to Social
Security disability benefits, they will not be considered Qualifying Disabilities, except in the limited circumstances when the investor is awarded disability benefits by the other Applicable Governmental Agencies described above: 

a. disabilities occurring after the legal retirement age; 

b. temporary disabilities; and 

c. disabilities that do not render a worker incapable of performing substantial gainful activity. 

7. Termination, Suspension or Amendment of the SRP by the Company. The Company may amend, suspend or terminate the SRP for any
reason upon 30 days’ notice to the Company’s stockholders. The Company is not restricted in the manner in which it may notify stockholders of an amendment, suspension or termination of the SRP. 

The SRP provides stockholders a limited ability to redeem Shares for cash until a secondary market develops for the Shares. If and when
such a secondary market develops, the SRP will terminate automatically. 
 8. Address for Notice of Redemption
Requests. Stockholders who desire to redeem their shares must provide written notice to Wells Investment Securities, at 6200 The Corners Parkway, Suite 250, Norcross, GA 30092, ATTN: Investor Services. 








 9. Liability of the Company. The Company shall not be liable for any act done in good
faith or for any good faith omission to act. 
 10. Governing Law. The SRP shall be governed by the laws of the State of
Maryland.