Document:

Exhibit 4.2

 

HEALTH
CARE PROPERTY INVESTORS, INC.

 

Officers’
Certificate

 

February 17, 2006

 

We, Mark A. Wallace and Edward J. Henning, do hereby
certify that we are the duly elected Senior Vice President and Chief Financial
Officer, and Senior Vice President, General Counsel and Corporate Secretary,
respectively, of Health Care Property Investors, Inc., a Maryland
corporation (the “Company”). We further certify that, pursuant to resolutions
of the Board of Directors of the Company, or a duly authorized committee
thereof, duly adopted by unanimous written consent in lieu of a meeting on
December 10, 2003 and at a meeting of the Finance Committee of the Board
of Directors on February 10, 2006 and attached hereto as Exhibit A-1, a
series of Securities of the Company shall be established pursuant to
Section 301 of the Indenture dated as of September 1, 1993 (the “Indenture”)
between the Company and The Bank of New York, as trustee. We further certify
that, pursuant to resolutions of the Finance Committee of the Board of
Directors of the Company, duly adopted at a meeting on February 10, 2006 and
attached hereto as Exhibit A-1, the aggregate initial offering price of
the Notes of said series shall be $400,000,000; and that said series shall have
the following terms and provisions:

 

(i)            the title of such series of Securities shall be “Medium-Term
Notes, Series G” (referred to herein as the “Notes”);

 

(ii)           subject
to being increased by the Company pursuant to a subsequent Officers’
Certificate, the Notes which may be authenticated and delivered under the
Indenture shall be limited to $400,000,000 aggregate initial offering price
(except for Notes authenticated and delivered upon registration or transfer of,
or in exchange for, or in lieu of, other Notes pursuant to Section 304,
305, 306, 906 or 1107 of the Indenture);

 

(iii)          the Notes shall be issuable as Registered Securities only,
without coupons, in denominations of $1,000 or in any amount in excess thereof
which is an integral multiple of $1,000;

 

(iv)          unless
otherwise specified by any Chairman, President, Chief Executive Officer, Chief
Financial Officer or any Executive Vice President or Senior Vice President of
the Company (the “Designated Officers”) and set forth in the applicable Note,
Notes issued in the form of permanent global certificates shall be dated the
date of their issuance;

 

(v)           the principal amount of each Note shall be determined by any
one of the Designated Officers and shall be set forth in the applicable Note;

 

(vi)          the
date on which the principal of each of the Notes shall be payable shall be a
Business Day nine months or more from the date of issuance as selected by the
Purchaser and agreed to by the Company, as determined by either of the
Designated Officers and set forth in the applicable Note;

 

 

(vii)         the
rate or rates at which each of the Notes shall bear interest shall be
established by the Company as determined by any of the Designated Officers and
set forth in the applicable Note, and may be either a fixed interest rate or
may vary from time to time in accordance with one or more interest rate
formulas;

 

(viii)        the Interest Payment Dates and the Regular Record Dates with
respect to each Note shall be specified by the Company as determined by any of
the Designated Officers and set forth in the applicable Note;

 

(ix)           interest on each Note shall be calculated on the basis
specified by the Company with respect to such Note as determined by any of the
Designated Officers and set forth in the applicable Note;

 

(x)            no Additional Amounts shall be paid in respect of the Notes;

 

(xi)           principal
and interest payable with respect to the Notes shall be payable, Notes may be
surrendered for registration of transfer and exchange, and notices or demands
to or upon the Company in respect of the Notes and the Indenture may be served,
at the Corporate Trust Office of The Bank of New York, located at 101 Barclay
Street-8W, New York, New York 10286;

 

(xii)          if
provided on the face of a Note, such Note may, prior to its Stated Maturity, be
subject to redemption, in whole or in part, at the option of the Company or be
subject to repayment, in whole or in part, at the option of the Holder or both;
the Company shall specify, as determined by any of the Designated Officers and
set forth in the applicable Note, the period or periods within which, the price
or prices at which and the other terms and conditions upon which such Notes may
be redeemed and/or repaid, if any;

 

(xiii)         unless otherwise specified by the Company in a subsequent
Officers’ Certificate, the Notes will not be subject to any sinking fund;

 

(xiv)        unless
specified by the Company as determined by any of the Designated Officers and
set forth in the applicable Note, the Notes shall be issued in the form of one
or more Book-Entry Securities, and the Depositary for such Notes shall be The
Depository Trust Company or its nominee, and the beneficial owners of interests
in any such Book-Entry Securities may not exchange any such interests (except
as provided by Section 305 of the Indenture);

 

(xv)         if
other than the principal amount of any Note is to be paid upon the declaration
of acceleration of the Maturity of any Note pursuant to Section 502 of the
Indenture, such amount shall be specified by the Company, as determined by any
of the Designated Officers and set forth in the applicable Note;

 

(xvi)        if
specified by the Company as determined by any of the Designated Officers and
set forth in the applicable Note, the amount of payments of principal of and
any premium or interest on the Notes may be determined with reference to an
index, formula or other method or methods; the Company shall specify, as
determined by any of

 

 

the Designated Officers and set forth in the
applicable Note, the terms and conditions upon which and the manner in which
such amounts shall be determined and paid or payable;

 

(xvii)       there are no deletions from, modifications of or additions
to the Events of Default or covenants of the Company with respect to the Notes;

 

(xviii)      The
Bank of New York shall act as Trustee with respect to the Notes;

 

(xix)         any other terms with respect to the Notes may be specified
by the Company as determined by any of the Designated Officers and set forth in
the applicable Note;

 

(xx)          the
Notes may have such other terms as are provided in the forms of certificate
used to evidence the Notes approved in an Officers’ Certificate of the Company,
dated as of the date hereof, pursuant to Section 201 of the Indenture;

 

(xxi)         Each
Designated Officer is hereby authorized to communicate, from time to time
through the use of facsimile transmission or by telephone (immediately
confirmed in writing at any time on the same date), the foregoing terms of any
Note and any other instructions related thereto to the Trustee or any
authenticating agent or paying agent regarding the completion and delivery of
such Note;

 

(xxii)        The
Trustee and any authenticating agent and paying agent shall be entitled to rely
on the information provided to it or them in accordance with the foregoing
paragraphs until such time as the Trustee and such authenticating agent and
paying agent receive a subsequent certificate from the Company deleting or
amending any of the information set forth therein; and

 

(xxiii)       The
Notes, when completed as contemplated by the foregoing paragraphs, will set
forth the terms required to be set forth in this certificate pursuant to
Section 301 of the Indenture, and said terms are incorporated herein by
reference.

 

We further certify, having read the Indenture,
including Sections 303 and 501 thereof, and the definitions in the Indenture
relating thereto and certain other corporate documents and records, and having
made such examination or investigation as we deemed necessary to enable us to
express an informed opinion, that all conditions precedent to the
authentication and delivery of the Notes have been complied with and, to the
best of our knowledge, no event which is, or after notice or lapse of time
would become, an Event of Default with respect to any of the Securities has
occurred and is continuing.

 

Capitalized terms used herein that are not otherwise
defined shall have the meanings ascribed thereto in the Indenture.

 

[SIGNATURE
PAGE FOLLOWS]

 

 

IN WITNESS WHEREOF, the undersigned have executed this
Officers’ Certificate as of the date first written above.

 

 

	
   

  	
  By:

  	
  /s/ Mark A. Wallace

  
	
   

  	
  Mark
  A. Wallace

  
	
   

  	
  Senior
  Vice President and

  Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Edward J. Henning

  
	
   

  	
  Edward
  J. Henning

  
	
   

  	
  Senior
  Vice President, General Counsel

  and Corporate Secretary

  

 

 

Exhibit A-1
to Officers’ Certificate

Resolutions of Board of Directors and Finance Committee of Board of DirectorsExhibit 4.3

 

FIXED RATE GLOBAL MEDIUM-TERM NOTE

 

The
following legend is for inclusion only in Book-Entry Securities for which The
Depository Trust Company serves as Depositary — Unless this
certificate is presented by an authorized representative of The Depository
Trust Company, a New York corporation (“DTC”), to the Company or its agent for
registration of transfer, exchange or payment, and any certificate issued is
registered in the name of Cede & Co. or in such other name as is requested
by an authorized representative of DTC and any payment is made to Cede &
Co. or to such other entity as is requested by an authorized representative of
DTC, any transfer, pledge or other use hereof for value
or otherwise by or to any Person is wrongful inasmuch as the registered
owner hereof, Cede & Co., has an interest herein.

 

The
following legend is for inclusion only in Book-Entry Securities — UNLESS AND
UNTIL IT IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN CERTIFICATED FORM, THIS
NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF
THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER
NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A
SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.

 

	
  REGISTERED

  	
   

  	
   

  	
   

  	
  PRINCIPAL AMOUNT

  
	
  No. FXR-1

  	
   

  	
  CUSIP NO. 42217J

  	
   

  	
  $                                  

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  HEALTH CARE PROPERTY INVESTORS, INC.

  MEDIUM-TERM NOTE, SERIES G

  (FIXED RATE)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ORIGINAL ISSUE DATE:

  	
   

  	
  INTEREST RATE:

  	
   

  	
  STATED MATURITY DATE:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  INTEREST PAYMENT
  DATES:

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  INITIAL REDEMPTION

  DATE:

  	
   

  	
  INITIAL
  REDEMPTION

  PERCENTAGE:

  	
   

  	
  ANNUAL REDEMPTION

  PERCENTAGE REDUCTION:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  OPTIONAL
  REPAYMENT DATE(S):

  	
   

  	
   

  	
   

  	
   

  
									

 

 

	
  DAY COUNT
  CONVENTION

  	
   

  	
   

  	
   

  	
   

  
	
  o
  30/360 FOR THE PERIOD FROM

  	
   

  	
   

  	
   

  	
  TO

  
	
  o
  ACTUAL/360 FOR THE PERIOD FROM

  	
   

  	
   

  	
   

  	
  TO

  
	
  o
  ACTUAL/ACTUAL FOR THE PERIOD FROM

  	
   

  	
   

  	
   

  	
  TO

  
	
   

  	
   

  	
   

  
	
  ADDENDUM
  ATTACHED:

  	
   

  	
  ORIGINAL ISSUE
  DISCOUNT:

  
	
  ý
  Yes

  	
   

  	
  o
  Yes

  
	
  o
  No

  	
   

  	
  o
  No

  
	
   

  	
   

  	
  Total Amount of
  OID:

  
	
   

  	
   

  	
  Yield to
  Maturity:

  
	
   

  	
   

  	
  Initial Accrual
  Period:

  

 

OTHER PROVISIONS:

 

 

Each
time the Company files a Pricing Supplement with the Securities and Exchange
Commission, the Pricing Supplement will govern the terms of the issuance of the
Securities and the first two pages of this Fixed Rate Global Medium-Term Note
will be completed bearing the nine-digit CUSIP Number and the principal amount
issued. Such Pricing Supplement will be attached to this Fixed Rate Global
Medium-Term Note.

 

2

 

HEALTH
CARE PROPERTY INVESTORS, INC., a Maryland corporation (“Issuer” or the “Company,”
which terms include any successor corporation under the Indenture hereinafter
referred to), for value received, hereby promises to pay to Cede & Co., or
registered assigns, the Principal Amount specified above on the Stated Maturity
Date specified above (except to the extent redeemed or repaid prior to the
Stated Maturity Date), and to pay interest thereon at the Interest Rate per
annum specified above, until such Principal Amount is paid or duly made available
for payment. Reference herein to “this Note,” “hereof,” “herein” and comparable
terms shall include an Addendum hereto if an Addendum is specified above.

 

The
Company will pay interest on each Interest Payment Date specified above,
commencing on the first Interest Payment Date specified above next succeeding
the Original Issue Date specified above, and on the Stated Maturity Date or any
Redemption Date or Optional Repayment Date (the date of each such Stated
Maturity Date, Redemption Date and Optional Repayment Date and the date on
which principal or an installment of principal is due and payable by
declaration of acceleration pursuant to the Indenture being referred to
hereinafter as a “Maturity” with respect to principal payable on such date); provided,
however, that if the Original Issue Date is between a record date (as
defined below) and the next succeeding Interest Payment Date, interest payments
will commence on the Interest Payment Date immediately following the next
succeeding record date to the registered Holder on such next succeeding record
date. Except as provided above, interest payments will be made on the Interest
Payment Dates shown above. Unless otherwise specified above, the “record date”
shall be the date 15 calendar days (whether or not a Business Day) immediately
preceding the applicable Interest Payment Date. Interest on this Note will
accrue from and including the most recent Interest Payment Date to which
interest has been paid or duly provided for or, if no interest has been paid,
from the Original Issue Date specified above, to, but excluding such Interest
Payment Date, as the case may be. If the Maturity or an Interest Payment Date
falls on a day which is not a Business Day as defined below, the payment due on
such Maturity or Interest Payment Date will be paid on the next succeeding
Business Day with the same force and effect as if made on such Maturity or
Interest Payment Date, as the case may be, and no interest shall accrue with
respect to such payment for the period from and after such Maturity or Interest
Payment Date. The interest so payable and punctually paid or duly provided for
on any Interest Payment Date will as provided in the Indenture be paid to the
Person in whose name this Note is registered at the close of business on the
record date for such Interest Payment Date. Any such interest which is payable,
but not punctually paid or duly provided for on any Interest Payment Date
(herein called “Defaulted Interest”), shall forthwith cease to be payable to
the registered Holder on such record date, and may be paid to the Person in
whose name this Note is registered at the close of business on a Special Record
Date (which shall be not more than 15 nor less than ten days prior to the date
of payment of such Defaulted Interest) established by notice given by mail by
or on behalf of the Company to the Holder of this Note not less than ten days
preceding such Special Record Date, all as more fully provided in the
Indenture.

 

Payment
of interest on this Note will be made at the office or agency of the Company
maintained by the Company for such purpose in the Borough of Manhattan, The
City of New York, in such coin or currency of the United States of America as
at the time of payment is legal tender for payment of public and private debts;
provided, however, that at the option of the Company, payment of
interest due other than at Maturity may be made by check mailed to the address
of the Person entitled thereto as such address shall appear in the registry
books of the

 

3

 

Company;
and provided, further, that the payment of the principal of and
interest on this Note on any Optional Repayment Date(s), if any, indicated
above shall be made upon satisfaction of the provisions herein; and provided,
further, that AT THE OPTION OF THE COMPANY, the Holder of Notes with an
aggregate principal amount of $10,000,000 or more will be entitled to receive
payments of interest on this Note (other than at Maturity) by wire transfer of
immediately available funds if appropriate wire transfer instructions have been
received in writing by the Trustee (as defined below) not less than 15 days
prior to the applicable Interest Payment Date. Such wire instructions, upon
receipt by the Trustee, shall remain in effect until revoked by such Holder.

 

Payment
of principal or premium, if any, at the Maturity of this Note will be made in
immediately available funds upon presentation of this Note at the office or
agency of the Company maintained by the Company for such purpose in the Borough
of Manhattan, The City of New York, or at such other place as the Company may
designate. Payment of interest due at Maturity will be made to the person to
whom payment of the principal of this Note shall be made.

 

Unless
the certificate of authentication hereon has been executed by or on behalf of
the Trustee under the Indenture, by the manual signature of one of its
authorized signatories, this Note shall not be entitled to any benefit under
the Indenture or be valid or obligatory for any purpose.

 

This
Note is one of a duly authorized series of Securities (hereinafter called the “Securities”)
of the Company designated as its Medium-Term Notes, Series G (the “Notes”). The
Notes are issued and to be issued under an Indenture dated as of
September 1, 1993 (herein called the “Indenture”) between the Company and
The Bank of New York, a corporation incorporated under the laws of the State of
New York, as trustee (the “Trustee,” which term includes any successor trustee
with respect to the Notes under the Indenture), to which Indenture and all
indentures supplemental thereto reference is hereby made for a statement of the
respective rights, duties and obligations thereunder of the Company, the
Trustee and the Holders of the Notes and the terms upon which the Notes are to
be authenticated and delivered. The terms of individual Notes may vary with
respect to interest rates or interest rate formulas, issue dates, maturity,
redemption, repayment and otherwise. The Notes may be issued from time to time
in an aggregate initial offering price up to $400,000,000, which amount may be
increased if duly authorized by the Company.

 

Except
as otherwise provided in the Indenture, this Note will be issued in global form
only registered in the name of the Depositary or its nominee. This Note will
not be issued in definitive form, except as otherwise provided in the
Indenture, and ownership of this Note shall be maintained in book-entry form by
the Depositary for the accounts of participating organizations of the
Depositary.

 

Unless
otherwise provided above and in accordance with the provisions herein, this
Note is not subject to any sinking fund and is not redeemable or repayable
prior to the Stated Maturity Date.

 

4

 

If so
provided above, this Note may be redeemed by the Company on any date on and
after the Initial Redemption Date, if any, specified above. If no Initial
Redemption Date is set forth above, this Note may not be redeemed prior to the
Stated Maturity Date. On and after the Initial Redemption Date, if any, this
Note may be redeemed at any time in whole or from time to time in part in
increments of $1,000 (provided that any remaining principal hereof shall be at
least $1,000) at the option of the Company at the applicable Redemption Price
(as defined below) together with accrued interest hereon at the applicable rate
payable to the date of redemption (each such date, a “Redemption Date”), on
written notice to the Holder hereof given not more than 60 nor less than 30
days prior to the Redemption Date and in accordance with the provisions of the
Indenture. In the event of redemption of this Note in part only, a new Note for
the unredeemed portion hereof shall be issued in the name of the Holder hereof
upon the surrender hereof.

 

Unless
otherwise specified above, the “Redemption Price” shall initially be the
Initial Redemption Percentage, specified above, of the principal amount of this
Note to be redeemed and shall decline at each anniversary of the Initial
Redemption Date, shown above, by the Annual Redemption Percentage Reduction, if
any, specified above, of the principal amount to be redeemed until the
Redemption Price is 100% of such principal amount.

 

This
Note may be subject to repayment at the option of the Holder on any Optional
Repayment Date(s), if any, indicated above. If no Optional Repayment Date(s)
are set forth above, this Note may not be so repaid at the option of the Holder
hereof prior to the Stated Maturity Date. On any Optional Repayment Date, this
Note shall be repayable in whole or in part in increments of $1,000 (provided
that any remaining principal hereof shall be at least $1,000) at the option of
the Holder hereof at a repayment price, unless otherwise specified above, equal
to 100% of the principal amount to be repaid, together with interest thereon
payable to the date of repayment. For this Note to be repaid in whole or in
part at the option of the Holder hereof, this Note must be received, with the
form entitled “Option to Elect Repayment” below duly completed, by the Trustee
at its Corporate Trust Office, or such other address of which the Company shall
from time to time notify the Holders of the Notes, not more than 60 nor less
than 30 days prior to the related Optional Repayment Date. Exercise of such
repayment option by the Holder hereof shall be irrevocable. With respect to
Notes represented by global securities, any option for repayment may be
exercised by the Depositary, on behalf of the owners of the beneficial interest
in the Notes represented by such global securities, by delivering a written
notice substantially similar to the above-referenced form, duly completed, to
the Trustee at the place and within the time period described above. All such
notices shall be irrevocable.

 

Interest
payments on this Note shall include interest accrued from, and including, the
Original Issue Date indicated above, or the most recent date to which interest
has been paid or duly provided for, to, but excluding, the related Interest
Payment Date or Maturity, as the case may be, until the Principal Amount is
paid or made available for payment. Unless otherwise specified on the first
page of this Note, interest payments for this Note shall be computed and paid
on the basis of a 360-day year of twelve 30-day months.

 

As
used herein, “Business Day” means, unless otherwise specified above, any day,
other than Saturday or Sunday, that is neither a legal holiday nor a day on
which banking institutions

 

5

 

are
authorized or required by law, regulation or executive order to close in The
City of New York.

 

Any
provision contained herein with respect to the calculation of the rate of
interest applicable to this Note, its payment dates or any other matter
relating hereto may be modified as specified in an Addendum relating hereto if
so specified above.

 

The
Notes shall have the Events of Default as set forth in Section 501 of the
Indenture. If an Event of Default with respect to the Notes shall occur and be
continuing, the principal of all the Notes may be declared due and payable in
the manner and with the effect provided in the Indenture.

 

The
Indenture permits, with certain exceptions as therein provided, the amendment
thereof and the modification of the rights and obligations of the Company and
the rights of the Holders of the Securities of each series to be affected under
the Indenture at any time by the Company and the Trustee with the consent of
the Holders of 66 2/3% in aggregate principal amount of the Outstanding
Securities of each series affected thereby. The Indenture also contains
provisions permitting the Holders of specified percentages in aggregate
principal amount of the Securities of each series at the time Outstanding, on
behalf of the Holders of all Securities of such series, to waive compliance by
the Company with certain provisions of the Indenture and certain past defaults
under the Indenture and their consequences. Any such consent or waiver by the
Holder of this Note shall be conclusive and binding upon such Holder and upon
all future Holders of this Note and of any Note issued upon the registration of
transfer hereof or in exchange herefor or in lieu hereof whether or not
notation of such consent or waiver is made upon this Note.

 

This
Note is subject to satisfaction, discharge and defeasance as provided in
Article Four of the Indenture.

 

No
reference herein to the Indenture and no provision of this Note or of the
Indenture shall alter or impair the obligation of the Company, which is
absolute and unconditional, to pay the principal of, premium, if any, and
interest on this Note at the time, place and rate, and in the coin or currency
herein prescribed.

 

The
Indenture imposes certain limitations on the ability of the Company to incur
indebtedness and consolidate, merge or transfer all or substantially all of the
Company’s assets. These limitations are subject to certain qualifications and
exceptions, and reference is made to the Indenture for a description thereof.

 

As
provided in the Indenture and subject to certain limitations therein set forth,
the transfer of this Note may be registered on the registry books of the
Company, upon surrender of this Note for registration of transfer at the office
or agency of the Company maintained by the Company for such purpose in the
Borough of Manhattan, The City of New York, duly endorsed by, or accompanied by
a written instrument of transfer in form satisfactory to the Company and the
Trustee duly executed by, the Holder hereof or by its attorney duly authorized
in writing, and thereupon one or more new Notes, of authorized denominations
and for the same aggregate principal amount, having the identical Original
Issue Date, Stated Maturity and provisions with

 

6

 

respect
to payment of interest and redemption or repayment prior to Stated Maturity
will be issued to the designated transferee or transferees.

 

The
Notes are issuable only in registered form without coupons in denominations of
$1,000 and integral multiples thereof. As provided in the Indenture and subject
to certain limitations therein set forth, the Notes are exchangeable for a like
aggregate principal amount of Notes as requested by the Holder surrendering the
same.

 

No
service charge shall be made by the Company or the Trustee for any such
registration of transfer or exchange, but the Company may require payment of a
sum sufficient to cover any tax or other governmental charge that may be
imposed in connection therewith (other than exchanges pursuant to the Indenture
not involving any transfer).

 

Prior
to due presentment of this Note for registration of transfer, the Company, the
Trustee and any agent of the Company or the Trustee may treat the Person in
whose name this Note is registered as the owner hereof for all purposes,
whether or not this Note be overdue, and neither the Company, the Trustee nor
any such agent shall be affected by notice to the contrary.

 

If
money for the payment of principal or interest remains unclaimed for three
years, the Trustee or any paying agent will pay the money back to the Company
at its request. After any such payment, Holders entitled to the money, as an
unsecured creditor, must look to the Company for payment and all liability of
the Trustee or such paying agent with respect to such money shall cease.

 

The
terms of this Note include those stated in the Indenture and those made part of
the Indenture by the Officers’ Certificate delivered pursuant thereto and the
Trust Indenture Act. This Note is subject to all such terms, and Noteholders
are referred to the Indenture and said Act for a statement of them.

 

No
stockholder, director, officer, employee or incorporator as such, past, present
or future, of the Company or any successor corporation shall have any liability
for any obligations of the Company under this Note or the Indenture or for any
claim based on, or in respect of or by reason of, such obligations or their
creation. Each holder of a Note by accepting a Note waives and releases all
such liability. The waiver and release are part of the consideration for the
issue of this Note.

 

The
Trustee under the Indenture, in its individual or any other capacity, may deal
with the Company as if it were not Trustee.

 

This
Note shall be governed by and construed in accordance with the laws of the
State of California.

 

All
terms used in this Note which are defined in the Indenture shall have the
meanings assigned to them in the Indenture.

 

7

 

IN
WITNESS WHEREOF, the Company has caused this instrument to be duly executed,
manually or in facsimile, and an imprint or facsimile of its corporate seal to
be imprinted hereon.

 

 

	
  [FACSIMILE OF SEAL]

  	
  HEALTH CARE
  PROPERTY

  INVESTORS, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
  Mark Wallace

  
	
   

  	
   

  	
  Senior Vice
  President and

  
	
   

  	
   

  	
  Chief Financial
  Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Attest:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
   

  	
  Edward J.
  Henning

  	
   

  
	
   

  	
  Senior Vice
  President, General

  Counsel and Corporate Secretary

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Dated:                              ,
  2006

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  CERTIFICATE OF
  AUTHENTICATION

  	
   

  	
   

  
	
  This is one of
  the Securities of the series

  designated herein referred to in the

  within-mentioned Indenture.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  THE BANK OF NEW
  YORK

  	
   

  	
   

  
	
  as Trustee

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
   

  
	
  Authorized Signatory

  	
   

  	
   

  
							

 

 

OPTION TO ELECT
REPAYMENT

 

The
undersigned hereby irrevocably request(s) and instruct(s) the Company to repay
this Note (or portion hereof specified below) pursuant to its terms at a price
equal to the principal amount hereof together with interest to the repayment
date, to the undersigned, at

 

                                                                                                                                                                                                                    .

(Please print or typewrite name and address of the undersigned)

 

For
this Note to be repaid, the Trustee must receive at its Corporate Trust Office,
or at such other place or places of which the Company shall from time to time
notify the Holder of this Note, not more than 60 nor less than 30 days prior to
the Optional Repayment Date, if any, shown on the face of this Note, this Note
with this “Option to Elect Repayment” form duly completed.

 

If
less than the entire principal amount of this Note is to be repaid, specify the
portion hereof (which shall be increments of $1,000) which the Holder elects to
have repaid $                        
and specify the denomination or denominations (which shall be $1,000 or an
integral multiple thereof) of the Notes to be issued to the Holder for the
portion of this Note not being repaid (in the absence of any such
specification, one such Note will be issued for the portion not being repaid) $                          .

 

 

	
  Date:

  	
   

  	
   

  	
   

  
	
   

  	
  The signature on
  this Option to Elect Repayment must correspond with the name as written upon
  the face of this Note in every particular, without alteration or enlargement
  or any change whatever.

  
	
   

  	
   

  
	
   

  	
   

  
	
  Signature
  Guarantee:

  	
   

  
	
   

  	
   

  
	
   

  	
   

  

 

 

ASSIGNMENT/TRANSFER
FORM

 

FOR
VALUE RECEIVED the undersigned registered Holder hereby sell(s), assign(s) and
transfer(s) unto (insert Taxpayer Identification no.)                                                                                                                                                                                       

(Please print or typewrite name and address including
postal zip code of assignee)                                                                                 

                                                                                                            

the within Note and all rights thereunder, hereby
irrevocably constituting and appointing                                                                       

                                                                                                                                                                                                                     

attorney to transfer said Note on the books of the
Company with full power of substitution in the premises.

 

 

	
  Dated:

  	
   

  	
   

  	
   

  
	
   

  
	
   

  
	
  NOTICE:

  	
  The signature of the registered Holder on this
  assignment must correspond with the name as written upon the face of the
  within instrument in every particular, without alteration or enlargement or
  any change whatsoever.

  
	
   

  
	
  Signature
  Guarantee:

  
	
   

  
	
   

  
					

 

2

 

ABBREVIATIONS

 

The
following abbreviations, when used in the inscription on the face of this
instrument, shall be construed as though they were written out in full
according to applicable laws or regulations.

 

	
  TEN COM — as
  tenants in common

  	
   

  	
   

  
	
  UNIF GIFT MIN
  ACT —

  	
                                                Custodian                                     
  

  	
   

  	
   

  
	
   

  	
  (cust)

  	
  (Minor)

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Under Uniform
  Gifts to Minors Act

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  (State)

  	
   

  	
   

  
										

 

TEN ENT — as tenants by
the entireties

JT TEN — as joint tenants with right of survivorship
and not as tenants in common

 

Additional
abbreviations may also be used though not in the above list.

 

3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00097-of-00352.parquet"}]]