Document:

Exhibit

Exhibit 10.42
THIRD AMENDED AND RESTATED SUBORDINATION OF ADVISORY FEES 
The undersigned CARTER VALIDUS ADVISORS II, LLC, a Delaware limited liability company, (the “Advisor”), which provides advisory services with respect to certain investment opportunities on behalf of CARTER VALIDUS MISSION CRITICAL REIT II, INC., a Maryland corporation (“REIT”) and CARTER VALIDUS OPERATING PARTNERSHIP II, LP, a Delaware limited partnership (“Borrower”), acknowledges that this Third Amended and Restated Subordination of Advisory Fees (this “Agreement”) is being executed and delivered to satisfy a certain obligation of Borrower set forth in that certain Third Amended and Restated Credit Agreement dated as of even date herewith (herein, together with all supplements, amendments and restatements thereto, referred to as the “Credit Agreement”) by and among Borrower, KEYBANK NATIONAL ASSOCIATION, a national banking association (“KeyBank”), individually and as administrative agent (“Agent”) for itself and the other lending institutions from time to time party to the Credit Agreement (collectively, the “Lenders”).  Any capitalized terms used herein but not defined herein shall have the same meanings as are ascribed to them in the Credit Agreement.
REIT, Borrower and Advisor hereby agree with Agent as follows:
1.Advisor acknowledges and understands that this Agreement is being executed and delivered to satisfy a certain obligation of Borrower pursuant to the Credit Agreement.
2.    For purposes hereof, “Advisory Agreement” shall mean that certain Amended and Restated Advisory Agreement, dated June 10, 2014, by and among Advisor, REIT and Borrower, and as may be amended, supplemented or otherwise modified from time to time in accordance with the terms of this Agreement.
3.    Any rights and claims of Advisor against REIT and/or Borrower under the Advisory Agreement for the payment of compensation are and shall be subject and subordinate in all respects to (i) the Loan Documents and the rights and claims of the Agent and the Lenders thereunder, and (ii) any and all modifications, amendments, renewals, restatements or substitutions of the Loan Documents; provided, however, Advisor shall be entitled to receive, on a monthly basis, its fees for services rendered in accordance with the Advisory Agreement pursuant to the payment procedures outlined therein.  This Section 3 shall be self-operative and no further instrument of subordination shall be required.  If requested, however, REIT, Borrower or Advisor shall execute and deliver such further instruments as the Agent may deem reasonably necessary to effectuate this subordination.
4.    In furtherance of Section 3 above, Advisor hereby subordinates any and all right of compensation, indemnification and reimbursement of fees and expenses under the Advisory Agreement to all of the Obligations, and agrees with Agent that upon the occurrence and during the continuance of an “Event of Default” (as defined in the Credit Agreement) (a) Advisor shall not demand or accept any such payment under or in respect of the Advisory Agreement, and (b) Advisor shall not take any action to obtain any interest in any of the security described in and encumbered by the Loan Documents, if any, because of any such obligation; provided, however, that, if Agent so requests, such compensation, indemnification or reimbursement shall be collected, enforced and received by Advisor as trustee for Agent and be paid over to Agent on account of the Obligations.  
5.    This Agreement shall inure to the benefit of the Agent, the Lenders and their respective successors and assigns.  In the event of any inconsistency or conflict with the provisions of this Agreement and the provisions of the Advisory Agreement, the provisions of this Agreement shall control.
6.    Advisor agrees that it shall not change, amend, modify or terminate the Advisory Agreement to impose additional obligations on Borrower or REIT, to alter the timing of payments due thereunder or in any other material respect without the Agent’s prior written approval in each instance, which approval shall not be unreasonably withheld.  If Advisor does so amend, modify or terminate the Advisory Agreement in violation of this Section 6, such amendment, modification or termination shall be void ab initio. 
7.    This Agreement shall pursuant to Section 5-1401 of the New York General Obligations Law be governed by, and construed in accordance with, the internal laws of the State of New York.
8.    Without limiting the generality of any other provisions contained herein or in the other Loan Documents, no failure on the part of the Agent or the Lenders to exercise, and no delay in exercising, any right hereunder or under any of the other Loan Documents shall operate as a waiver thereof, nor shall any single or partial exercise of any right preclude any other or further exercise thereof or the exercise of any other right.  The rights and remedies of the Agent and the Lenders provided herein and in the other Loan Documents are cumulative and are in addition to, and are not exclusive of, any rights or remedies provided by law or in equity.
9.    Advisor represents and warrants to the Agent that as of the date hereof (i) the Advisory Agreement is in full force and effect and (except as reflected in copies delivered to Agent) has not been amended, modified, assigned, terminated or supplemented, (ii) Advisor is not in default under the provisions of the Advisory Agreement and there is no condition which, with the giving of notice and/or the lapse of time, would constitute such a default and (iii) to the best of Advisor’s knowledge, neither REIT nor Borrower is in default under the provisions of the Advisory Agreement and there is no condition which, with the giving of notice and/or the lapse of time, would constitute such a default.
10.    This Agreement may not be amended, modified, terminated or supplemented without the written approval of each of Advisor, REIT, Borrower and the Agent.
11.    This Agreement may be executed in several counterparts, each of which shall constitute an original and all of which together shall constitute one and the same instrument. 
12.    This Agreement amends, restates and supersedes in all respects that certain Second Amended and Restated Subordination of Advisory Fees dated December 22, 2015 by Advisor and agreed and consented to by Borrower, REIT and Agent.
[Signatures Begin on the Following Page]

IN WITNESS WHEREOF, the Advisor has executed and delivered this Agreement as of the _27_ day of _April____, 2018.

ADVISOR:
CARTER VALIDUS ADVISORS II, LLC, a Delaware limited liability company
By:/s/ Todd M. Sakow     
Name: Todd M. Sakow
Title:   Chief Financial Officer and Treasurer

[Signatures Continued On Next Page]

AGREED AND CONSENTED TO:
REIT:
CARTER VALIDUS MISSION CRITICAL REIT II, INC., a Maryland corporation
By:/s/ Todd M. Sakow     
Name: Todd M. Sakow
Title:   Chief Financial Officer and Treasurer
(SEAL)

[Signatures Continued On Next Page]

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

		
	By:
	/s/ Todd M. Sakow    

Name: Todd M. Sakow
Title:   Chief Financial Officer and Treasurer
(SEAL)

[Signatures Continued On Next Page]

AGREED AND CONSENTED TO:
AGENT:
KEYBANK NATIONAL ASSOCIATION, as Agent
By:/s/ Kristin Centracchio     
Name: Kristin Centracchio 
Title:   Vice PresidentExhibit

Exhibit 10.43
JOINDER AGREEMENT
THIS JOINDER AGREEMENT (“Joinder Agreement”) is executed as of April 27, 2018, by HCII-1601 WEST HEBRON PARKWAY, LLC, a Delaware limited liability company  (the “Joining Party”) and delivered to KeyBank National Association, as Agent, pursuant to §5.5 of that certain Second Amended and Restated Credit Agreement dated as of December 22, 2015, as amended by that certain First Amendment to Second Amended and Restated Credit Agreement and Amendment to Other Loan Documents dated September 30, 2016, and that certain Second Amendment to Second Amended and Restated Credit Agreement dated October 6, 2017 (as the same has been and may be further varied, extended, supplemented, consolidated, amended, replaced, renewed, modified or restated, the “Credit Agreement”), by and among Carter Validus Operating Partnership II, LP (the “Borrower”), KeyBank National Association, for itself and as Agent, and the other Lenders from time to time party thereto.  Terms used but not defined in this Joinder Agreement shall have the meanings defined for those terms in the Credit Agreement. 
RECITALS
A.    Joining Party is required, pursuant to §5.5 of the Credit Agreement, to become an additional Subsidiary Guarantor under the Guaranty, the Indemnity Agreement and the Contribution Agreement.
B.    Joining Party expects to realize direct and indirect benefits as a result of the availability to the Borrower of the credit facilities under the Credit Agreement.
NOW, THEREFORE, Joining Party agrees as follows:
AGREEMENT
1.Joinder.  By this Joinder Agreement, Joining Party hereby becomes a “Subsidiary Guarantor” and a “Guarantor” under the Credit Agreement, the Guaranty, the Indemnity Agreement and the other Loan Documents with respect to all the Obligations of the Borrower now or hereafter incurred under the Credit Agreement and the other Loan Documents, and a “Subsidiary Guarantor” under the Contribution Agreement.  Joining Party agrees that such Joining Party is and shall be bound by, and hereby assumes, all representations, warranties, covenants, terms, conditions, duties and waivers applicable to a “Subsidiary Guarantor” and a “Guarantor” under the Credit Agreement, the Guaranty, the Indemnity Agreement, the other Loan Documents and the Contribution Agreement.
2.Representations and Warranties of Joining Party.  Joining Party represents and warrants to Agent that, as of the Effective Date (as defined below), except as disclosed in writing by Joining Party to Agent on or prior to the date hereof and approved by the Agent in writing (which disclosures shall be deemed to amend the Schedules and other disclosures delivered as contemplated in the Credit Agreement), the representations and warranties contained in the Credit Agreement and the other Loan Documents applicable to a “Guarantor” or “Subsidiary Guarantor” are true and correct in all material respects as applied to Joining Party as a Subsidiary Guarantor and a Guarantor on and as of the Effective Date as though made on that date.  As of the Effective Date, all covenants and agreements in the Loan Documents and the Contribution Agreement of the Subsidiary Guarantors apply to the Joining Party and no Default or Event of Default shall exist or might exist upon the Effective Date in the event that the Joining Party becomes a Subsidiary Guarantor.
3.Joint and Several.  Joining Party hereby agrees that, as of the Effective Date, the Guaranty, the Contribution Agreement and the Indemnity Agreement heretofore delivered to the Agent and the Lenders shall be a joint and several obligation of Joining Party to the same extent as if executed and delivered by Joining Party, and upon request by Agent, will promptly become a party to the Guaranty, the Contribution Agreement and the Indemnity Agreement to confirm such obligation.
4.Further Assurances.  Joining Party agrees to execute and deliver such other instruments and documents and take such other action, as the Agent may reasonably request, in connection with the transactions contemplated by this Joinder Agreement.
5.GOVERNING LAW.  THIS AGREEMENT SHALL BE DEEMED TO BE A CONTRACTUAL OBLIGATION UNDER, AND SHALL, PURSUANT TO NEW YORK GENERAL OBLIGATIONS LAW SECTION 5-1401, BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.
6.Counterparts.  This Joinder Agreement may be executed in any number of counterparts which shall together constitute but one and the same agreement.
7.Effective Date.  The effective date (the “Effective Date”) of this Joinder Agreement is April 27, 2018. 
[SIGNATURES ON FOLLOWING PAGE]
1.

IN WITNESS WHEREOF, Joining Party has executed this Joinder Agreement under seal as of the day and year first above written.
“JOINING PARTY”
HCII-1601 WEST HEBRON PARKWAY, LLC,
a Delaware limited liability company 

		
	By:
	Carter Validus Operating Partnership II, LP, a Delaware limited partnership, its sole member

		
	By:
	Carter Validus Mission Critical REIT II, Inc., a Maryland corporation, its General Partner

By:/s/ Lisa Collado     
Name:     Lisa Collado 
Title:    Authorized Agent
    
ACKNOWLEDGED:
KEYBANK NATIONAL ASSOCIATION, as Agent
By:/s/ Kristin Centracchio        
Name: Kristin Centracchio 
Title:   Vice President

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