Document:

Exhibit 10.2

 

Execusion Version

AMENDED AND RESTATED

GUARANTY OF RECOURSE
OBLIGATIONS

 

This AMENDED AND RESTATED
GUARANTY OF RECOURSE OBLIGATIONS (this “Guaranty”) is executed as of December 20, 2019 by HEALTHCARE
TRUST OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“Guarantor”), for the benefit
of CAPITAL ONE, NATIONAL ASSOCIATION, a national banking association, as administrative agent for the Lenders under the
hereinafter described Loan Agreement (together with its successors and permitted assigns in such capacity, “Administrative
Agent”), and the Lenders.

 

W I
T N E S S E T H:

 

WHEREAS, pursuant to
one or more promissory notes, dated of even date herewith, executed by the parties listed on Schedule I
attached hereto (individually and collectively, as the context may require, “Borrower”), and payable
to the order of Lenders in the aggregate principal amount of Three Hundred Seventy-eight Million Five Hundred Thousand and No/100
Dollars ($378,500,000.00) (together with all renewals, modifications, increases, extensions, restatements and replacements thereof,
collectively, the “Note”), Borrower has become indebted, and may from time to time be further indebted,
to Lenders with respect to a loan (the “Loan”) which is made pursuant to that certain Amended and Restated
Loan Agreement, dated of even date herewith, among Borrower, Administrative Agent, Lenders and the other parties from time to time
thereto (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”);

 

WHEREAS, Lenders are
not willing to make the Loan, or otherwise extend credit, to Borrower unless Guarantor unconditionally guarantees payment and performance
to Administrative Agent and Lenders of the Guaranteed Obligations (as herein defined); and

 

WHEREAS, Guarantor
is the owner of direct or indirect interests in Borrower, and Guarantor will directly or indirectly benefit from Lenders’
making the Loan to Borrower.

 

A
G R E E M E N T S:

 

NOW, THEREFORE, as
an inducement to Lenders to make the Loan to Borrower and to extend such additional credit as Lenders may from time to time agree
to extend under the Loan Documents, and for other good and valuable consideration, the receipt and legal sufficiency of which
are hereby acknowledged, Guarantor does hereby agree as follows:

 

1.           
DEFINED TERMS. All capitalized terms used herein and not otherwise defined
shall have the meanings assigned to such terms in the Loan Agreement.

 

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2.           
THE GUARANTY.

 

2.1             
Guaranty of Obligation.

 

(a)              
Guarantor hereby irrevocably and unconditionally guarantees to Administrative Agent and Lenders and their respective successors
and permitted assigns the payment and performance of the Guaranteed Obligations as and when the same shall be due and payable,
whether by lapse of time, by acceleration of maturity or otherwise. Guarantor hereby irrevocably and unconditionally covenants
and agrees that it is liable for the Guaranteed Obligations as a primary obligor.

 

(b)              
Notwithstanding anything herein or in the Loan Documents to the contrary, Guarantor shall have no liability for the Guaranteed
Obligations of Borrower or other matters hereunder resulting solely from the actions of Administrative Agent, any Lender and or
any of their nominees or designees and first occurring from and after Administrative Agent’s or any Lender’s (or any
such nominee’s or designee’s) exercise of voting rights, foreclosure or an assignment-in-lieu thereof of the direct
or indirect ownership interests of Borrowers by Administrative Agent or such Lender (or such nominee or designee) pursuant to
the terms of that certain Pledge and Security Agreement, the Loan Agreement or the other Loan Documents or otherwise.

 

2.2             
Definition of Guaranteed Obligations. As used herein, the term “Guaranteed Obligations”
means the obligations or liabilities of Borrower to Administrative Agent and Lenders for which Administrative Agent, on behalf
of Lenders, has recourse against Borrower, or with respect to which such Borrower is personally liable to Administrative Agent
and Lenders, pursuant to Article 12.1 of the Loan Agreement. Notwithstanding the foregoing, the “Guaranteed Obligations”
of Guarantor shall not include Excluded Hedge Agreement Obligations of Guarantor.

 

2.3             
Continuing Guaranty; Guaranty of Payment. This Guaranty is a continuing guaranty of the Guaranteed Obligations,
and Guarantor agrees that the obligations of Guarantor to Administrative Agent and Lenders hereunder shall be primary obligations,
shall not be subject to any counterclaim (other than any compulsory counterclaims), set-off, abatement, deferment or defense (other
than the defense of payment) based upon any claim that Guarantor may have against Administrative Agent, any Lender, Borrower or
any other Person. Guarantor shall be regarded, and shall be in the same position, as the principal debtors with respect to the
Guaranteed Obligations. Guarantor agrees that any notice or directive given at any time to Administrative Agent or any Lender which
is inconsistent with the first sentence of this Section 2.3 shall be null and void and may be ignored by Administrative
Agent and Lenders, and, in addition, may not be pleaded or introduced as evidence in any litigation relating to this Guaranty for
the reason that such pleading or introduction would be at variance with the written terms of this Guaranty, unless Administrative
Agent and Lenders have specifically agreed otherwise in writing.

 

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2.4             
Liability of Guarantor Not Affected. This Guaranty shall remain in full force and effect without regard to,
and shall not be released, discharged or affected in any way by any circumstances or condition, including, without limitation:

 

(a)              
the attempt or the absence of any attempt by Administrative Agent (on behalf of Lenders) to obtain payment or performance
by Borrower or Guarantor (this being a guaranty of payment and performance and not of collection);

 

(b)              
delay by Administrative Agent (on behalf of Lenders) in enforcing or absence of action to enforce Guarantor’s obligations
hereunder or of any other party under the Loan Documents, or any prior partial exercise by Administrative Agent (on behalf of Lenders)
of any right or remedy hereunder or under any of the other Loan Documents;

 

(c)              
the fact that Borrower is not liable for the payment or performance of the Obligations, or any portion thereof, for any
reason whatsoever, Guarantor being liable for the Guaranteed Obligations notwithstanding that Borrower may not be;

 

(d)              
any renewal, extension, substitution, modification, settlement, compromise, replacement of or indulgence with respect to,
the Obligations, all of which Administrative Agent (on behalf of Lenders) is hereby authorized to make pursuant to the Loan Agreement;

 

(e)              
any sale, exchange, release, surrender or other disposition of, or realization upon, any collateral securing the Obligations,
or any amendment, waiver, settlement or compromise of any guaranties of the Obligations, or any other obligation of any Person
with respect to the Loan Documents;

 

(f)               
the acceptance by Administrative Agent (on behalf of Lenders) of any additional security for the Obligations;

 

(g)              
the lack of genuineness, validity, regularity or enforceability of or amendment, waiver or consent by Administrative Agent
(on behalf of Lenders) with respect to, any provision of any instrument evidencing, securing or otherwise relating to the Obligations,
or any part thereof, including without limitation, the other Loan Documents;

 

(h)              
the existence, value or condition of, or the failure by Administrative Agent (on behalf of Lenders) to take any steps to
perfect, maintain, or enforce, the security interests or remedies under the Loan Documents, or to preserve the rights to or protect
any security or collateral, for the Obligations granted to Administrative Agent (for the benefit of Lenders);

 

(i)                
any voluntary or involuntary bankruptcy, insolvency, reorganization, arrangement, readjustment, assignment for the benefit
of creditors, composition, receivership, liquidation, marshalling of assets and liabilities or similar event or proceedings with
respect to Borrower or Guarantor or any other Person, as applicable, or any of their respective properties (each, an “Insolvency
Proceeding”), or any action taken by Administrative Agent (on behalf of Lenders), any trustee or receiver or by any
court in any such proceeding;

 

(j)                
the failure by Administrative Agent (on behalf of Lenders) to file or enforce a claim against the estate (either in an Insolvency
Proceeding or other proceeding) of Borrower or Guarantor or any other Person;

 

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(k)              
in any proceeding under Title 11 of the United States Code (11 U.S.C. Section 101 et seq.), as amended
(the “Bankruptcy Code”): (i) any election by Administrative Agent or any Lender under Section 1111(b)(2)
of the Bankruptcy Code, (ii) any borrowing or grant of a security interest by Borrower as a debtor-in-possession under Section 364
of the Bankruptcy Code, (iii) the inability of Administrative Agent (on behalf of Lenders) to enforce the Obligations against
Borrower by application of the automatic stay provisions of Section 362 of the Bankruptcy Code, or (iv) the disallowance,
under Section 502 of the Bankruptcy Code, of all or any portion of Administrative Agent’s or any Lender’s claim(s)
against Borrower for repayment of the Obligations;

 

(l)                
the failure of Guarantor to receive notice of any intended disposition of the collateral for the Obligations;

 

(m)              
any merger or consolidation of Borrower into or with any other entity, or any sale, lease or transfer of any of the assets
of Borrower or Guarantor to any other Person;

 

(n)              
any change in the ownership of Borrower, or any change in the relationship between Borrower and Guarantor or any termination
of any such relationship;

 

(o)              
the death, incapacity, insanity, disability, dissolution or other change in status of Borrower or Guarantor;

 

(p)              
the making of additional loans to Borrower, the increase or reduction of the maximum principal amount of the Obligations,
the increase or reduction in the interest rate provided in the Note, or any other modification, amendment, release or waiver of
the terms of the Loan Documents;

 

(q)              
the absence, impairment or loss of any right of reimbursement or subrogation or other right or remedy of Guarantor; and

 

(r)               
any other action or circumstance which might otherwise constitute a legal or equitable discharge or defense of Borrower,
Guarantor (other than the defense of payment by Guarantor) or any other guarantor.

 

To the maximum extent
permitted under applicable law, Guarantor hereby expressly waives and surrenders any defense to its liability under this Guaranty
based upon any of the foregoing acts, omissions, agreements, waivers or matters, whether or not Guarantor had notice or knowledge
of same. It is the purpose and intent of this Guaranty that the obligations of Guarantor hereunder shall be absolute and unconditional
under any and all circumstances.

 

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2.5              Rights
of Administrative Agent. Administrative Agent is hereby authorized, without notice to or demand of Guarantor and
without affecting the liability of Guarantor hereunder, to take any of the following actions from time to time on behalf of
Lenders as and to the extent it may be permitted to do so under the Loan Documents, and neither Administrative Agent nor any
Lender shall incur any liability to Guarantor as a result thereof, and no such action shall impair or release the
Guaranteed Obligations of Guarantor or any of them under this Guaranty:

 

(a)              
increase or decrease the amount of, or renew, extend, accelerate or otherwise change the time, place or terms for payment
of, or other terms relating to, the Obligations, or otherwise modify, amend or change the terms of any promissory note or other
agreement evidencing, securing or otherwise relating to any of the Obligations, including, without limitation, the making of additional
advances thereunder;

 

(b)              
accept and apply any payments on or recoveries against the Obligations from any source, and any proceeds of any security
therefor, to the Obligations in such manner, order and priority as Administrative Agent may elect in Administrative Agent’s
sole discretion;

 

(c)              
take, hold, sell, exchange, dispose of, release or otherwise dispose of all or any property pledged, mortgaged or conveyed,
or in which Administrative Agent has been granted a lien (for the benefit of Lenders), as security for the Obligations or the payment
of this Guaranty;

 

(d)              
settle, release, compromise, collect or otherwise liquidate the Obligations or any portion thereof;

 

(e)              
accept, hold, substitute, add or release any other guaranty or endorsements of the Obligations;

 

(f)               
take any action under or in respect of the Loan Documents in the exercise of any remedy, power or privilege contained therein
or available to Administrative Agent at law, equity or otherwise, or waive or refrain from exercising any such remedies, powers
or privileges;

 

(g)              
amend or modify, in any manner whatsoever, the Loan Documents;

 

(h)              
extend or waive the time for any Person’s performance of, or compliance with, any term, covenant or agreement on its
part to be performed or observed under the Loan Documents, or waive such performance or compliance or consent to a failure of,
or departure from, such performance or compliance;

 

(i)                
release anyone who may be liable in any manner for the payment of any amounts owed by Borrower, Guarantor or any Borrower
Party to Administrative Agent or Lenders under the Loan Documents;

 

(j)                
modify or terminate the terms of any intercreditor or subordination agreement pursuant to which claims of other creditors
of Guarantor, Borrower or any Borrower Party are subordinated to the claims of Administrative Agent or any Lender under the Loan
Documents; and

 

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(k)               
at any time after maturity of the Obligations, appropriate and apply toward payment of the Guaranteed Obligations any moneys,
credits, or other property belonging to Guarantor in accounts opened or used in connection with the Collateral at any time held
by or coming into the possession of Administrative Agent or any Lender or any affiliates thereof, whether for deposit or otherwise.

 

2.6             
Subordination. All indebtedness now or hereafter owing by Borrower to Guarantor for borrowed money or otherwise
is hereby subordinated to the payment of the Obligations, and, following and during the continuance of any Event of Default hereunder
or under any of the other Loan Documents, Guarantor shall not accept payment of all or any portion of such subordinated indebtedness
until satisfaction in full of the Obligations. All security interests, liens and encumbrances which Guarantor now or hereafter
may have upon any of the assets of Borrower is hereby subordinated to all security interests, liens and encumbrances heretofore,
now or hereafter granted to Administrative Agent (for the benefit of Lenders) pursuant to any of the Loan Documents. For the avoidance
of doubt, this Section 2.6 shall in no event preclude Guarantor’s right to receive distributions from Borrower
directly or indirectly from time to time, to the extent the same are otherwise permitted under the terms of the Loan Agreement
and other Loan Documents.

 

2.7             
Joint and Several Liability. The liability of all of the parties constituting Guarantor is joint and several.
In addition, Guarantor’s obligations hereunder are joint and several with any other person now or hereafter obligated under
the Loan Documents for the Guaranteed Obligations and are independent of any obligations of Guarantor under the Loan Documents.
A separate action or actions may be brought and prosecuted against Guarantor, whether or not action is brought against any other
person or whether or not any other person is joined in such action or actions.

 

3.           
GUARANTOR’S ADDITIONAL WAIVERS.

 

3.1             
Statutes of Limitation. Guarantor irrevocably waives all statutes of limitation as a defense to any action
or proceeding brought against Guarantor, Borrower or any Borrower Party by Administrative Agent or any Lender, to the fullest extent
permitted by law.

 

3.2              Election
of Remedies. If Administrative Agent may, under applicable law, proceed to realize benefits under any of the Loan
Documents giving Administrative Agent (for the benefit of Lenders) a lien upon any collateral owned by Borrower or any other
Borrower Party, either by judicial foreclosure or by non-judicial sale or enforcement, Administrative Agent may, at its sole
option, determine which of such remedies or rights it may pursue without affecting any of Administrative Agent’s rights
and remedies under this Guaranty. If, in the exercise of any of Administrative Agent’s rights and remedies
against Borrower, or Guarantor or any other Person liable with respect to the Obligations, Administrative Agent shall forfeit
any of the rights or remedies available to Administrative Agent (on behalf of Lenders), including any right to enter a
deficiency judgment against Borrower, whether because of any applicable laws pertaining to “election of remedies”
or the like, Guarantor hereby consents to such action by Administrative Agent, as applicable, and waives any claim or defense
based upon such action, even if such action by Administrative Agent shall result in a full or partial loss of any rights of
subrogation which Guarantor might otherwise have had but for such action by Administrative Agent. Any election of remedies
which results in the denial or impairment of the right of Administrative Agent (on behalf of Lenders) to seek a deficiency
judgment against Borrower shall not impair Guarantor’s obligation to pay the full amount of the Guaranteed Obligations,
and Guarantor hereby irrevocably waives any defense based upon an election of remedies made by Administrative Agent (on
behalf of Lenders) or any other election afforded to Administrative Agent pursuant to applicable law, including, without
limitation, (a) any election to proceed by judicial or nonjudicial foreclosure or by Uniform Commercial Code sale or by
deed or assignment in lieu thereof, or any election of remedies which destroys or otherwise impairs the subrogation rights of
the Guarantor or the rights of the Guarantor to proceed against Borrower or any other Person for reimbursement, or both,
(b) the waiver by Administrative Agent or any Lender, either by action or inaction of Administrative Agent or any Lender
or by operation of law, of a deficiency judgment against Borrower, and (c) any election pursuant to an Insolvency
Proceeding.

 

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3.3             
Rights of Subrogation and Other Rights. Guarantor hereby:

 

(a)              
expressly and irrevocably waives (for so long as the Loan or any portion thereof remains outstanding), on behalf of itself
and its successors and assigns (including any surety) (i) any and all rights at law or in equity to seek subrogation, contribution,
indemnification or any other form of reimbursement or repayment from Borrower or any other Person now or hereafter primarily or
secondarily liable for any of the Guaranteed Obligations for any disbursements made by Guarantor under or in connection with this
Guaranty, (ii) all claims of any kind or type against Borrower as a result of any payment made by Guarantor to Administrative
Agent for the account of Lenders, and (iii) any right to participate in any security now or hereafter held by Administrative
Agent (for the benefit of Lenders). In furtherance, and not in limitation, of the foregoing, Guarantor agrees that any payment
to Administrative Agent for the account of Lenders pursuant to this Guaranty shall be deemed a contribution to the capital of the
applicable Borrower or other obligated party and shall not constitute Guarantor a creditor of such Borrower or such other party.

 

(b)              
further acknowledges and agrees that (i) this waiver is intended to benefit Administrative Agent and Lenders and shall
not limit or otherwise affect Guarantor’s liability hereunder or the enforceability of this Guaranty, (ii) Administrative
Agent and Lenders and their respective successors and assigns are intended third party beneficiaries of the waivers and agreements
set forth in this Section 3.3 and their rights under this Section 3.3 shall survive payment in full of
the Guaranteed Obligations but only for so long as the Loan or any portion thereof remains outstanding, and (iii) to the extent
the waiver of its rights of subrogation as set forth herein is found by a court of competent jurisdiction to be void or voidable
for any reason, any rights of subrogation Guarantor may have against Borrower or against any collateral or security for any of
the Guaranteed Obligations shall be junior and subordinate to any rights Administrative Agent and Lenders may have against Borrower
and to all right, title and interest Administrative Agent (for the benefit of Lenders) may have in such collateral or security.

 

3.4              Demands
and Notices. Guarantor irrevocably waives all presentments, demands for performance, protests, notices of protest,
notices of dishonor, notice of acceleration to Borrower, any other Person or any other party with respect to the Loan or the
Guaranteed Obligations, notices of acceptance of this Guaranty and of the existence, creation or incurring of new or
additional Obligations, notices of defaults by Borrower or any other Person liable for all or any portion of the Guaranteed
Obligations and demands and notices of every kind that may be required to be given by any statute or rule or law.

 

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3.5             
Borrower Information. Guarantor irrevocably waives (a) any duty of Administrative Agent or Lenders to
advise Guarantor of any facts that may now or hereafter be known to Administrative Agent or any Lender regarding Borrower regardless
of whether Administrative Agent or any Lender has reason to believe that any such facts materially increase the risk beyond that
which Guarantor intends to assume or has reason to believe that such facts are unknown to Guarantor, Guarantor acknowledging that
Guarantor is fully responsible for being and keeping informed of the financial conditions and affairs of Borrower; and (b) any
defense based on any claim that Guarantor’s obligations exceed or are more burdensome than those of Borrower.

 

3.6             
Limitation of Liability. Guarantor irrevocably waives any impairment, modification, change, release or limitation
of the liability of, or stay of actions or lien enforcement proceedings against Borrower or Guarantor, their property, or their
estate in bankruptcy, resulting from the operation of any provision of the state or federal bankruptcy laws, or from the decision
of any court.

 

3.7             
Lack of Diligence. Guarantor irrevocably waives any and all claims or defenses based upon lack of diligence
in: (a) collection of any Obligations; (b) protection of any collateral or other security for the Indebtedness or Obligations;
or (c) realization upon any collateral or under any of the other Loan Documents.

 

3.8             
Other Defenses. Guarantor irrevocably waives any other defenses (other than the defense of payment), set-offs
or counterclaims (except for compulsory counterclaims) which may be available to Borrower, or any other Guarantor, and any and
all other defenses now or at any time hereafter available to Guarantor (including without limitation those given to sureties) at
law or in equity, including but not limited to any defenses based upon:

 

(a)              
the incapacity, lack of authority, death or disability of Borrower, any other Guarantor or Person;

 

(b)              
the failure of Administrative Agent to commence an action against Borrower or any other Person or to proceed against or
exhaust any security held by Administrative Agent, for the benefit of Lenders, at any time or to pursue any other remedy whatsoever
at any time;

 

(c)               
the consideration for this Guaranty;

 

(d)              
any acts or omissions of Administrative Agent or any Lender which vary, increase or decrease the risk of Guarantor (except
to the extent that such acts or omissions constitute gross negligence or fraud, or were made in bad faith);

 

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(e)              
the application by Borrower of the proceeds of the Loan for purposes other than the purposes represented by Borrower to
Administrative Agent or any Lender or intended or understood by Administrative Agent, any Lender or Guarantor;

 

(f)               
any statute or rule of law which provides that the obligation of a surety must be neither larger in amount nor in any other
aspects more burdensome than that of a principal;

 

(g)              
Administrative Agent’s election (on behalf of Lenders), in any proceeding instituted under the Bankruptcy Code, of
the application of Section 1111(b)(2) of the Bankruptcy Code or any successor statute; and

 

(h)              
any borrowing or any grant of a security interest under Section 364 of the Bankruptcy Code.

 

3.9             
Nature of Waivers. It is agreed among Guarantor, Administrative Agent and Lenders that the waivers set forth
in this Guaranty (both in this Section and elsewhere) are of the essence of the transaction contemplated by the Loan Documents
and that, but for this Guaranty and such waivers, Administrative Agent and Lenders would decline to enter into the Loan Agreement.

 

3.10           
California Provisions. Guarantor hereby waives, to the maximum extent permitted by California Civil Code Section 2856
and/or other applicable law, all suretyship rights and defenses which might otherwise be available to Guarantor under or pursuant
to California Civil Code Sections 2787 through 2855 inclusive.

 

(a)              
Guarantor hereby waives all rights and defenses that Guarantor may have because Borrower’s debt is secured by real
property. This means, among other things:

 

(i)                
Administrative Agent may collect from Guarantor without first foreclosing on any real or personal property collateral pledged
by Borrower;

 

(ii)               
If Administrative Agent (on behalf of Lenders) forecloses on any real property collateral pledged by Borrower:

 

(A)            
The amount of the debt may be reduced only by the price for which that collateral is sold at the foreclosure sale, even
if the collateral is worth more than the sale price.

 

(B)             
Administrative Agent may collect from Guarantor even if Administrative Agent, by foreclosing on the real property collateral,
has destroyed any right Guarantor may have to collect from Borrower.

 

This is an unconditional and irrevocable
waiver of any rights and defenses Guarantor may have because Borrower’s debt is secured by real property. These rights and
defenses include, but are not limited to, any rights or defenses based upon Sections 580a, 580b, 580d or 726 of the California
Code of Civil Procedure.

 

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(b)              
Guarantor hereby waives all rights and defenses arising out of an election of remedies by Administrative Agent (on behalf
of Lenders), even though that election of remedies, such as non-judicial foreclosure with respect to security for a guaranteed
obligation, has destroyed Guarantor’s rights of subrogation and reimbursement against Borrower by the operation of Section 580d
of the California Code of Civil Procedure or otherwise.

 

Without limiting the generality of the
foregoing, Guarantor hereby expressly: (a) waives any and all benefits which might otherwise be available to it under California
Civil Code Sections 2809, 2810, 2819, 2839, 2845 through 2847, 2849, 2850, 2899 and 3433, and California Code of Civil Procedure
Sections 580a, 580b, 580d and 726, or any similar statutes of other states; (b) acknowledges that Section 2856 of
the California Civil Code authorizes and validates waivers of a guarantor’s rights of subrogation and reimbursement and certain
other rights and defenses available to Guarantor under California law; and (c) waives all rights of subrogation, reimbursement,
indemnification and contribution and all other rights and defenses that are or may become available by reason of Sections 2787
to 2855, inclusive, of the California Civil Code.

 

4.           
REPRESENTATIONS, WARRANTIES AND COVENANTS. Guarantor represents, warrants
and covenants to Administrative Agent and Lenders as follows:

 

4.1             
Financial Statements. All financial statements and other financial information furnished or to be furnished
to Administrative Agent by or on behalf of Guarantor (a) are or will be true and correct in all material respects and do or
will fairly represent the financial condition of Guarantor (including all contingent liabilities) in each case as of the date stated
on such statements or materials or otherwise as of the date delivered, and (b) were or will be prepared in accordance with
generally accepted accounting principles, consistently applied. There has been no material adverse change in Guarantor’s
financial condition since the dates of the statements most recently furnished Administrative Agent.

 

4.2             
No Defaults. There is no existing event of default, and no event has occurred which with the passage of time
and/or the giving of notice will constitute an event of default, under any agreement to which Guarantor is a party, which event
of default could reasonably be expected to have a material adverse effect on Guarantor’s ability to perform the Guaranteed
Obligations under this Guaranty, and neither the execution and delivery of this Guaranty nor compliance with the terms and provisions
hereof will violate any presently existing provision of law or any presently existing regulation, order, writ, injunction or decree
of any court or governmental department, commission, board, bureau, agency or instrumentality, or constitute a default under, any
agreement to which Guarantor is a party or by which Guarantor or its property is bound.

 

4.3              No
Litigation. Except as set forth on Schedule 4.3 attached
hereto, there are no actions, suits or proceedings pending or, to Guarantor’s knowledge, threatened against
Guarantor before any court or any governmental, administrative, regulatory, adjudicatory or arbitrational body or agency of
any kind which, if decided adversely, could reasonably be expected to materially adversely affect performance by Guarantor of
such Guarantor’s obligations pursuant to and as contemplated by the terms and provisions of this Guaranty.

 

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4.4             
No Defenses. As of the date of this Guaranty, Guarantor’s obligations under this Guaranty are not subject
to any offsets or defenses against Administrative Agent or Lenders of any kind.

 

4.5             
Organization. Guarantor is a limited partnership duly organized, validly existing and in good standing under
the laws of the State of Delaware with its principal place of business c/o Healthcare Trust, Inc., 405 Park Avenue, New York,
New York  10022, Attention: Healthcare General Counsel.

 

4.6             
Governing Documents. A true, complete and correct copy of the limited partnership agreement creating Guarantor
and any amendments thereto, the certificate of limited partnership and all other documents creating and governing Guarantor (collectively,
the “Guarantor Documents”) have been furnished to Administrative Agent. The Guarantor Documents constitute
the entire agreement among the partners of Guarantor and are binding upon and enforceable against each of such partners in accordance
with their terms.

 

4.7             
Existence. Guarantor shall preserve and keep in full force and effect its existence under the laws of its
state of formation. Guarantor shall not wind up, liquidate, dissolve or reorganize, except pursuant to any Transfer that is expressly
permitted under the Loan Documents. Guarantor shall not terminate or permit the termination of the Guarantor Documents without
the prior written consent of Administrative Agent. Guarantor shall not change (i) its name, identity or organizational structure,
(ii) the location of its chief executive office or its place of business, or (iii) its state of organization, unless
with respect to each of (i), (ii) or (iii) above, Administrative Agent has been notified in writing in advance.

 

5.           
COVENANTS.

 

5.1             
No Defenses. Guarantor agrees that its obligations under this Guaranty shall not be subject to any counterclaims
(other than compulsory counterclaims), offsets or defenses (other than the defense of payment) against Administrative Agent or
any Lender of any kind which may arise in the future.

 

5.2             
Financial Information. Guarantor hereby agrees, as a material inducement to Lenders to make the Loan to Borrower,
to furnish to Administrative Agent the financial statements required of Guarantor under the Loan Agreement. Guarantor hereby warrants
and represents unto Administrative Agent and Lenders that any and all balance sheets, net worth statements and other financial
data which may hereafter be given to Administrative Agent with respect to Guarantor will at the time of such delivery be true and
accurate as of the date of such balance sheets, net worth statements or other financial data.

 

 

AMENDED AND RESTATED GUARANTY
OF RECOURSE OBLIGATIONS – Page 11

HTI MOB Portfolio (Upsizing)

 

     

     

    

 

5.3             
Minimum Shareholders’ Equity.

 

(a)              
Until the Guaranteed Obligations have been paid in full, the shareholders’ equity on the balance sheet of the REIT
determined in accordance with generally accepted accounting principles, consistently applied, is now and shall at all times during
the term of this Guaranty be equal to or greater than Five Hundred Million and No/100 Dollars ($500,000,000.00) (“Minimum
Shareholders’ Equity”).

 

(b)              
Notwithstanding anything to the contrary in this Guaranty, in the event that Guarantor fails to maintain a Minimum Shareholders’
Equity equal to the amount set forth in Section 5.3(a) (the “Replacement Guarantor Trigger Event”),
then Guarantor may propose to Lenders and Administrative Agent a Person to assume the obligations of Guarantor under this Guaranty
(“Replacement Guarantor”). The identity, experience, financial condition and creditworthiness of Replacement
Guarantor shall be acceptable to Lenders and Administrative Agent in their sole discretion, acting reasonably. Upon approval by
Lenders and Administrative Agent, such Replacement Guarantor shall execute and deliver to Administrative Agent for the benefit
of Lenders such agreements, certificates, opinions and other information as Lenders and Administrative Agent may reasonably require
to evidence such replacement. If a required Replacement Guarantor (i) is not proposed by Guarantor and approved by Lenders
and Administrative Agent in accordance with this Section 5.3(b), or (ii) does not execute and/or deliver all agreements,
certificates, opinions and other information as provided above, in each case within thirty (30) days following a Replacement
Guarantor Trigger Event, then an Event of Default shall be deemed to have occurred. Guarantor shall deliver to Administrative Agent
a payment in the amount of all remaining unpaid reasonable out of pocket costs and expenses incurred by Administrative Agent and
Lenders in connection with the replacement, including but not limited to, Administrative Agent’s and Lenders’ reasonable
attorneys’ fees and expenses.

 

6.           
EVENTS OF DEFAULT. Any of the following shall constitute an “Event
of Default” hereunder:

 

6.1             
Event of Default under Loan Documents. The occurrence of an “Event of Default” as defined in the
Loan Agreement with respect to representations or covenants regarding the Guarantor.

 

6.2             
Failure to Perform. (a) Guarantor fails to perform any of its obligations under this Guaranty or any
other breach of this Guaranty occurs and Guarantor fails to cure such failure or breach within ten (10) days after receipt
of written notice of the same from Administrative Agent to Guarantor; however, Guarantor shall have an additional thirty (30)
days to cure such failure if (i) such failure does not involve the failure to make payments on a monetary obligation, (ii) such
failure cannot reasonably be cured within ten (10) days, and (iii) Guarantor is diligently undertaking to cure such default;
(b) this Guaranty is revoked or terminated by Guarantor; or (c) any representation or warranty made or given by or on
behalf of Guarantor to Administrative Agent under the Loan Documents or the Environmental Indemnity proves to be false or misleading
in any material respect when made.

 

AMENDED AND RESTATED GUARANTY
OF RECOURSE OBLIGATIONS – Page 12

HTI MOB Portfolio (Upsizing)

 

     

     

    

 

7.           
MISCELLANEOUS.

 

7.1             
Enforcement. Administrative Agent shall have the right to enforce this Guaranty in a separate action against
one or more Persons comprising Guarantor, or by an action against Guarantor and some or all of the other Persons obligated under
the Loan Documents, or any combination of the foregoing.

 

7.2             
Revival and Reinstatement. This Guaranty shall remain in full force and effect and continue to be effective
should any petition be filed by or against Borrower or any Borrower Party for liquidation or reorganization, should Borrower or
Borrower Party become insolvent or make an assignment for the benefit of creditors or should a receiver or trustee be appointed
for all or any significant part of Borrower or Borrower Party’s assets. This Guaranty shall continue to be effective or be
reinstated, as the case may be, if at any time payment and performance of the Guaranteed Obligations, or any part thereof, is,
pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by Administrative Agent or
any Lender, whether as a “voidable preference”, “fraudulent conveyance”, or otherwise, all as though such
payment or performance had not been made to Administrative Agent (for the account of Lenders) or to any Lender in the first place.
In the event that any payment of any Guaranteed Obligation, or any part thereof, is rescinded, reduced, restored or returned, the
Guaranteed Obligations shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored
or returned.

 

7.3             
No Marshaling. Administrative Agent has no obligation to marshal any assets in favor of Guarantor, or against
or in payment of (a) any of the Guaranteed Obligations, or (b) any other obligation owed to Administrative Agent or Lenders
by Guarantor, Borrower or any other Person.

 

7.4             
No Modification, Waiver or Release Without Writing. Except as may otherwise be expressly set forth herein
or as agreed to in writing by Administrative Agent, this Guaranty may not be modified, amended, revised, revoked, terminated, changed
or varied in any way whatsoever, nor shall any waiver of any of the provisions of this Guaranty be binding upon Administrative
Agent or any Lender, except as expressly set forth in a writing duly executed by Administrative Agent (on behalf of Lenders). No
waiver by Administrative Agent (on behalf of Lenders) of any default shall operate as a waiver of any other default or the same
default on a future occasion, and no action by Administrative Agent (on behalf of Lenders) permitted hereunder shall in any way
affect or impair Administrative Agent’s or any Lender’s rights or the obligations of Guarantor under this Guaranty.

 

7.5              Assignment;
Successors and Assigns. No Guarantor may assign such Guarantor’s obligations or liability under this Guaranty.
Subject to the preceding sentence, this Guaranty shall be binding upon the parties hereto and their respective heirs,
executors, successors, representatives and assigns and shall inure to the benefit of the parties hereto and their
respective successors and permitted assigns. Subject to and in accordance with the terms of the Loan Agreement, Lenders may,
without notice to anyone, sell or assign the Guaranteed Obligations, the Note or other Loan Documents or any part thereof, or
grant participations therein, and in any such event each and every permitted assignee or direct holder of all or any of the
Guaranteed Obligations shall have the right to enforce this Guaranty, by suit or otherwise for the benefit of such permitted
assignee or direct holder, as fully as if herein by name specifically given such right, but Administrative Agent shall have
an unimpaired right, prior and superior to that of any such permitted assignee or direct holder, to enforce this Guaranty for
the benefit of Lenders.

 

AMENDED AND RESTATED GUARANTY
OF RECOURSE OBLIGATIONS – Page 13

HTI MOB Portfolio (Upsizing)

 

     

     

    

 

7.6             
Integration. This Guaranty is the entire agreement of Guarantor with respect to the subject matter of this
Guaranty, provided that this Guaranty shall not in any way limit or abrogate the obligations of Guarantor under the other Loan
Documents to which Guarantor is a party and under the Environmental Indemnity Agreement.

 

7.7             
Rights Cumulative. All of Administrative Agent’s and each Lender’s rights under this Guaranty
and the other Loan Documents are cumulative. The exercise of any one right does not exclude the exercise of any other right given
in this Guaranty or the other Loan Documents or any other right of Administrative Agent or Lenders not set forth in this Guaranty
or the other Loan Documents.

 

7.8             
Severability. Whenever possible each provision of this Guaranty shall be interpreted in such manner as to
be effective and valid under applicable law, but if any provision of this Guaranty shall be prohibited by or invalid under such
law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of
such provision or the remaining provisions of this Guaranty.

 

7.9             
Material Inducement; Consideration. Guarantor acknowledges and agrees that Administrative Agent and Lenders
are specifically relying upon the representations, warranties, agreements and waivers contained herein and that such representations,
warranties, agreements and waivers constitute a material inducement to Administrative Agent and Lenders to accept this Guaranty
and to enter into the Loan Agreement and the transaction contemplated therein. Guarantor further acknowledges that it expects to
benefit from Lenders’ extension of financing accommodations to Borrower because of its relationship to Borrower, and that
it is executing this Guaranty in consideration of that anticipated benefit.

 

7.10           
Cooperation. Guarantor acknowledges that Lenders and their successors and permitted assigns may (i) sell,
transfer or assign all or a portion of the Loan to one or more investors, or (ii) participate the Loan to one or more investors,
in either case subject to the terms of the Loan Agreement. Guarantor shall cooperate with Administrative Agent in effecting any
such transaction and shall provide such information and documents relating to Guarantor, as Administrative Agent may reasonably
request in connection therewith, including information concerning its business and operations that Administrative Agent may reasonably
request; provided, however, Administrative Agent shall reimburse up to $1,000 of Guarantor’s reasonable and documented out
of pocket costs and expenses incurred in connection with Administrative Agent’s requests hereunder. Administrative Agent
shall be permitted to share all such information with the proposed transferees and participants, provided such parties agree to
keep such information confidential.

 

7.11           
Counterparts. This Guaranty may be executed in counterparts, each of which shall be deemed an original, but
all of which, when taken together, shall be deemed one and the same agreement.

 

AMENDED AND RESTATED GUARANTY
OF RECOURSE OBLIGATIONS – Page 14

HTI MOB Portfolio (Upsizing)

 

     

     

    

 

7.12           
Governing Law. The provisions of Section 11.27 (Governing Law) of the Loan Agreement are incorporated
herein by reference as though fully set forth herein.

 

7.13           
Assignment of Rights in Insolvency Proceedings. In the event any Insolvency Proceeding is instituted by or
against Borrower, whether voluntary or involuntary, Administrative Agent (on behalf of Lenders) shall have the right to: (a) file
claims in any such proceeding on behalf of Guarantor; and (b) vote Guarantor’s claims in any such proceeding.

 

7.14           
Time of Essence. Time is of the essence in this Guaranty.

 

7.15           
Notice. Any notice required or permitted to be given under this Guaranty shall be in writing and either shall
be mailed by certified mail, postage prepaid, return receipt requested, or sent by overnight air courier service, or personally
delivered to a representative of the receiving party, or sent by facsimile (provided an identical notice is also sent simultaneously
by mail, overnight courier, or personal delivery as otherwise provided in this Section 7.15). All such communications
shall be mailed, sent or delivered, addressed to the party for whom it is intended at its address set forth below.

 

	To Guarantor:	c/o Healthcare Trust Operating Partnership, L.P.

 405 Park Avenue, 4th Floor

 New York, New York 10022

 Attention: Healthcare General Counsel
	 	 
	With a copy to:	Eversheds Sutherland LLP
 1114 Avenue of the Americas, 40th Floor
 New York, New York 10036-7703 

Attention: John J. Busillo, Esq.
 Facsimile: (212) 389-5099  
	 	 
	To Administrative Agent:	Capital One, National Association 

77 W. Wacker Drive, 10th Floor 

Chicago, Illinois 60601

 Attention: Jeffrey Muchmore, Credit Executive

 Facsimile: (855) 332-1699
 Reference: HTI/MOB Portfolio  
	 	 
	And a copy to:	Capital One, National Association

 5804 Trailridge Drive

 Austin, Texas 78731 

Attention: Diana Pennington, Senior Director, Associate 

General Counsel

 Facsimile: (855) 438-1132
 Reference: HTI/MOB Portfolio

 

AMENDED AND RESTATED GUARANTY
OF RECOURSE OBLIGATIONS – Page 15

HTI MOB Portfolio (Upsizing)

 

     

     

    

 

	And a copy to:	Capital One, National Association

 77 W. Wacker Drive, 10th Floor 

Chicago, Illinois 60601 

Attention: Dan Eppley, Senior Director 

Facsimile: (855) 544-4044 

Reference: HTI/MOB Portfolio  
	 	 
	And a copy to:	Capital One, National Association

 77 W. Wacker Drive, 10th Floor 

Chicago, Illinois 60601 

Attention: Jason LaGrippe, Vice President 

Facsimile: (312) 739-3870 

Reference: HTI/MOB Portfolio

 

Any notice or request so addressed and
sent by United States mail or overnight courier shall be deemed to be given on the earliest of (1) when actually delivered,
(2) on the first (1st) Business Day after deposit with an overnight air courier service, or (3) on the
third (3rd) Business Day after deposit in the United States mail, postage prepaid, in each case to the address
of the intended addressee. Any notice or request so delivered in person shall be deemed to be given when receipted for by, or actually
received by Administrative Agent or Guarantor, as the case may be. If given by facsimile, a notice or request shall be deemed given
and received when the facsimile is transmitted to the party’s facsimile number specified above and confirmation of complete
receipt is received by the transmitting party during normal business hours or on the next Business Day if not confirmed during
normal business hours, and an identical notice is also sent simultaneously by mail, overnight courier, or personal delivery as
otherwise provided in this Section 7.15. If given by electronic mail, a notice shall be deemed given and received when
the electronic mail is transmitted to the recipient’s electronic mail address specified above and electronic confirmation
of receipt (either by reply from the recipient or by automated response to a request for delivery receipt) is received by the sending
party during normal business hours or on the next Business Day if not confirmed during normal business hours, and an identical
notice is also sent simultaneously by mail, overnight courier or personal delivery as otherwise provided in this Section 7.15.
Except for facsimile and electronic mail notices sent as expressly described above, no notice hereunder shall be effective if sent
or delivered by electronic means. Any party may designate a change of address by written notice to the other by giving at least
ten (10) days prior written notice of such change of address.

 

7.16            
Parties in Interest. Except as expressly set forth herein, nothing in this Guaranty, whether express or implied,
is intended to confer any rights or remedies under or by reason of this Guaranty on any person other than Administrative Agent
and Lenders and their respective successors and permitted assigns, nor is anything in this Guaranty intended to relieve or discharge
the obligations or liability of any third persons to Administrative Agent and Lenders, nor shall any provision give any third persons
other than Administrative Agent and Lenders and their respective successors and permitted assigns any right of subrogation over
or against Guarantor.

 

AMENDED AND RESTATED GUARANTY
OF RECOURSE OBLIGATIONS – Page 16

HTI MOB Portfolio (Upsizing)

 

     

     

    

 

7.17            
Venue. GUARANTOR HEREBY CONSENTS TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN THE STATE
OF NEW YORK AND IRREVOCABLY AGREES THAT, SUBJECT TO ADMINISTRATIVE AGENT’S ELECTION, ALL ACTIONS OR PROCEEDINGS ARISING OUT
OF OR RELATING TO THIS GUARANTY MAY BE LITIGATED IN SUCH COURTS. GUARANTOR EXPRESSLY SUBMITS AND CONSENTS TO THE JURISDICTION OF
THE AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS. GUARANTOR HEREBY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS
AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE UPON GUARANTOR BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED,
ADDRESSED TO GUARANTOR, AT THE ADDRESS SET FORTH IN THIS GUARANTY AND SERVICE SO MADE SHALL BE DEEMED COMPLETE TEN (10) DAYS
AFTER THE SAME HAS BEEN POSTED.

 

7.18         
Waiver of Jury Trial. GUARANTOR, AND BY THEIR ACCEPTANCE OF THIS GUARANTY, ADMINISTRATIVE AGENT AND LENDERS,
HEREBY WAIVE THEIR RESPECTIVE RIGHTS TO A TRIAL BY JURY IN ANY ACTION OR PROCEEDING BASED UPON, OR RELATED TO, THE SUBJECT MATTER
OF THIS GUARANTY AND THE BUSINESS RELATIONSHIP THAT IS BEING ESTABLISHED. THIS WAIVER IS KNOWINGLY, INTENTIONALLY AND VOLUNTARILY
MADE BY GUARANTOR, AND BY THEIR ACCEPTANCE OF THIS GUARANTY, ADMINISTRATIVE AGENT AND LENDERS. ADMINISTRATIVE AGENT, LENDERS AND
GUARANTOR ACKNOWLEDGE THAT NEITHER ADMINISTRATIVE AGENT, LENDERS, NOR ANY PERSON ACTING ON BEHALF OF ADMINISTRATIVE AGENT OR ANY
LENDER HAS MADE ANY REPRESENTATIONS OF FACT TO INDUCE THIS WAIVER OF TRIAL BY JURY OR HAS TAKEN ANY ACTIONS WHICH IN ANY WAY MODIFY
OR NULLIFY ITS EFFECT. GUARANTOR, ADMINISTRATIVE AGENT AND LENDERS ACKNOWLEDGE THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER
INTO A BUSINESS RELATIONSHIP, THAT GUARANTOR, ADMINISTRATIVE AGENT AND LENDERS HAVE ALREADY RELIED ON THIS WAIVER IN ENTERING INTO
THIS GUARANTY AND THAT EACH OF THEM WILL CONTINUE TO RELY ON THIS WAIVER IN THEIR RELATED FUTURE DEALINGS. GUARANTOR, ADMINISTRATIVE
AGENT AND LENDERS FURTHER ACKNOWLEDGE THAT THEY HAVE BEEN REPRESENTED (OR HAVE HAD THE OPPORTUNITY TO BE REPRESENTED) IN THE SIGNING
OF THIS GUARANTY AND IN THE MAKING OF THIS WAIVER BY INDEPENDENT LEGAL COUNSEL.

 

7.19          Waivers.
THE WAIVERS SET FORTH IN THIS GUARANTY (INCLUDING, WITHOUT LIMITATION, SECTIONS 7.17 AND 7.18 ABOVE) ARE
KNOWINGLY, INTENTIONALLY, AND VOLUNTARILY MADE BY GUARANTOR, AND GUARANTOR ACKNOWLEDGES THAT NEITHER ADMINISTRATIVE AGENT NOR
ANY LENDER, NOR ANY PERSON ACTING ON BEHALF OF ADMINISTRATIVE AGENT OR ANY LENDER, HAS MADE ANY REPRESENTATIONS OF FACT TO
INDUCE THESE WAIVERS OR IN ANY WAY TO MODIFY OR NULLIFY THEIR EFFECT. GUARANTOR FURTHER ACKNOWLEDGES THAT IT HAS
BEEN REPRESENTED (OR HAS HAD THE OPPORTUNITY TO BE REPRESENTED) IN THE SIGNING OF THIS GUARANTY AND IN THE MAKING OF THESE
WAIVERS BY INDEPENDENT LEGAL COUNSEL, SELECTED OF ITS OWN FREE WILL, AND THAT IT HAS HAD THE OPPORTUNITY TO DISCUSS THESE
WAIVERS WITH COUNSEL.

 

AMENDED AND RESTATED GUARANTY
OF RECOURSE OBLIGATIONS – Page 17

HTI MOB Portfolio (Upsizing)

 

     

     

    

 

7.20         
Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL IN ALL RESPECTS
BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND
PERFORMED IN SUCH STATE (WITHOUT REGARD TO THE PRINCIPLES OF CONFLICT OF LAWS, OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE
GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK) AND APPLICABLE UNITED STATES FEDERAL LAW.

 

7.21       Amendment
and Restatement. Guarantor agrees that this Guaranty is given as a continuation, modification and extension of the Guaranty
of Recourse Obligations dated as of June 30, 2019 (the “Original Guaranty”) by Guarantor in favor of
Administrative Agent and shall not constitute a novation of the Original Guaranty. Notwithstanding the modifications effected by
this Guaranty of the representations, warranties and covenants of Guarantor contained in the Original Guaranty, Guarantor acknowledges
and agrees that any causes of action or other rights created in favor of the Administrative Agent and Lenders arising out of the
representations and warranties of Guarantor contained in the Original Guaranty (but only with respect to the period of time prior
to the date hereof) shall survive the execution and delivery of this Guaranty. All indemnification and guaranty obligations of
Guarantor pursuant to the Original Guaranty (including any arising from a breach of the representations thereunder), but only with
respect to the period of time prior to the date hereof, shall survive the amendment and restatement of the Original Guaranty pursuant
to this Guaranty.

 

REMAINDER OF PAGE INTENTIONALLY BLANK

SIGNATURE PAGE FOLLOWS

 

AMENDED AND RESTATED GUARANTY
OF RECOURSE OBLIGATIONS – Page 18

HTI MOB Portfolio (Upsizing)

 

     

     

    

 

SIGNATURE PAGE TO AMENDED AND RESTATED
GUARANTY OF RECOURSE OBLIGATIONS

 

EXECUTED as of the day
and year first above written.

 

	 	HEALTHCARE TRUST OPERATING PARTNERSHIP, L.P.,
	 	a Delaware limited partnership
	 	 
	 	By:	/s/Michael Anderson
	 	Name:	 Michael Anderson
	 	Title:	Authorized Signatory

 

	STATE OF   New York          )

 

	 	) ss.

 

	COUNTY OF   New York       )

 

This instrument was
acknowledged before me on December 12, 2019, by Michael Anderson, Authorized Signatory of HEALTHCARE TRUST OPERATING PARTNERSHIP,
L.P., a Delaware limited partnership, on behalf of said limited partnership.

 

	 	/s/Julia Grace
	 	Notary Public, State of New York

 

AMENDED AND RESTATED GUARANTY
OF RECOURSE OBLIGATIONS – Signature Page

HTI MOB Portfolio (Upsizing)

 

     

     

    

 

SCHEDULE I

 

BORROWER LIST

 

		1.	ARHC CSDOUGA01, LLC

		2.	ARHC BGBOWMD01, LLC

		3.	ARHC CAROCMI02, LLC

		4.	ARHC CAROCMI01, LLC

		5.	ARHC UCELKCA01, LLC

		6.	ARHC BRHBGPA01, LLC

		7.	ARHC CHHBGPA01, LLC

		8.	ARHC FOMBGPA01, LLC

		9.	ARHC FMMUNIN02, LLC

		10.	ARHC MVMVNWA01, LLC

		11.	ARHC CPHAMVA01, LLC

		12.	ARHC ESMEMTN01, LLC

		13.	ARHC BLHBGPA01, LLC

		14.	ARHC MSHBGPA01, LLC

		15.	ARHC PCSHVMS01, LLC

		16.	ARHC PVPHXAZ01, LLC

		17.	ARHC AORMDVA01, LLC

		18.	ARHC AHHFDCA01, LLC

		19.	ARHC CMCNRTX01, LLC

		20.	ARHC LMPLNTX01, LLC

		21.	ARHC SCVSTCA01, LLC

		22.	ARHC GMCLKTN01, LLC

		23.	ARHC PRPEOAZ05 TRS, LLC

		24.	ARHC PRPEOAZ01, LLC

		25.	ARHC CSCLWFL01, LLC

		26.	ARHC DELVSNV01, LLC

		27.	ARHC DELVSNV02, LLC

		28.	ARHC WIGNFWI01, LLC

		29.	ARHC WISMLWI01, LLC

		30.	ARHC SAVENFL01, LLC

		31.	ARHC PCLMYPA01, LLC

		32.	ARHC PPLVLGA01, LLC

		33.	ARHC WISTFWI01, LLC

 

AMENDED AND RESTATED GUARANTY
OF RECOURSE OBLIGATIONS – Schedule I

HTI MOB Portfolio (Upsizing)

 

     

     

    

 

EXECUTION
VERSION

 

SCHEDULE
4.3

 

Disclosed
Litigation

 

None

 

AMENDED AND RESTATED GUARANTY
OF RECOURSE OBLIGATIONS – Schedule 4.3

HTI MOB Portfolio (Upsizing)Exhibit 10.3

EXECUTION VERSION

 

AMENDED AND RESTATED

HAZARDOUS MATERIALS INDEMNITY AGREEMENT

 

THIS AMENDED AND RESTATED
HAZARDOUS MATERIALS INDEMNITY AGREEMENT (the “Agreement”) is made as of December 20, 2019, by THE PARTIES
LISTED ON Schedule I attached hereto (collectively, the “Borrowers”), and HEALTHCARE
TRUST OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“Principal”) (together with Borrowers,
individually and collectively, the “Indemnitor”), for the benefit of CAPITAL ONE, NATIONAL ASSOCIATION,
a national banking association, as administrative agent for the Lenders under the hereinafter described Loan Agreement (together
with its successors and permitted assigns in such capacity, “Administrative Agent”), for the benefit
of the Lenders.

 

RECITALS

 

A.               
Contemporaneously with the execution of this Agreement, Borrowers have executed
and delivered to Administrative Agent and Lenders that certain Amended and Restated Loan Agreement (as amended, modified, supplemented
or restated from time to time, the “Loan Agreement”), among Borrowers, Administrative Agent, Lenders
and the other parties from time to time party thereto, and one or more promissory notes (as renewed, amended, increased and extended
from time to time, and together with all notes executed in renewal, extension, replacement and substitution therefor, collectively,
the “Notes”) in the aggregate principal amount of Three Hundred Seventy-eight Million Five Hundred Thousand
and No/100 Dollars ($378,500,000.00) in evidence of the loan (as renewed, amended, increased and extended from time to time, the
“Loan”) made by Lenders to Borrowers.

 

B.                
The Loan is secured in part by those certain Deeds of Trust, Assignment of Leases and Rents, Security Agreement and Fixture
Filing; Mortgages, Assignment of Leases and Rents, Security Agreement and Fixture Filing; Leasehold Deeds of Trust, Assignment
of Leases and Rents, Security Agreement and Fixture Filing; and Leasehold Mortgages, Assignment of Leases and Rents, Security Agreement
and Fixture Filing, each dated the date hereof given by Borrowers to Administrative Agent (for the benefit of Lenders) (collectively,
the “Mortgages”). The Mortgages encumber Borrowers’ interest in and to the real and personal property
described in the Mortgages (collectively, the “Mortgaged Property”).

 

C.                
Lenders have required, as a condition of funding the Loan, that Indemnitor indemnify and hold Administrative Agent and Lenders
harmless against and from certain obligations for which Administrative Agent or Lenders may incur liability, by reason of the threat
or presence of any Hazardous Materials (as defined herein) at the Mortgaged Property, all as more particularly described herein.

 

D.               
Principal is the owner of a direct or indirect interest in Borrowers, and Principal will directly benefit from Lenders’
making the Loan to Borrowers.

 

NOW, THEREFORE, in
consideration of the premises, Ten and No/100 Dollars ($10.00), and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Indemnitor, intending to be legally bound, hereby agrees as follows:

 

AMENDED AND RESTATED ENVIRONMENTAL INDEMNITY
AGREEMENT - Page 1

HTI MOB Portfolio (Upsizing)

 

     

     

    

 

EXECUTION VERSION

 

1.                 
Recitals. The foregoing recitals are incorporated into this Agreement by this reference.

 

2.                 
Certain Definitions. As used herein, the following terms have the meanings indicated:

 

2.1             
“Environmental Laws” means any federal, or applicable state or local law (whether imposed by statute,
ordinance, rule, regulation, administrative or judicial order, or common law), now or hereafter enacted, governing the environment
or natural resources, or Hazardous Materials, including, without limitation, such laws governing or regulating (a) the use,
generation, storage, removal, recovery, treatment, handling, transport, disposal, control, release discharge of, or exposure to,
Hazardous Materials, or (b) requiring notification or disclosure of releases of Hazardous Materials or other environmental
conditions whether or not in connection with a transfer of title to or interest in property.

 

2.2             
“Hazardous Materials” means (a) petroleum or chemical products, whether in liquid, solid,
or gaseous form, or any fraction or by-product thereof, (b) asbestos or asbestos-containing materials, (c) polychlorinated
biphenyls (PCBs), (d) radon gas, (e) underground storage tanks, (f) any explosive or radioactive substances, (g) lead
or lead-based paint, (h) any other substance, material, waste or mixture which is listed, defined, or otherwise determined
by any governmental authority to be hazardous, toxic, dangerous or otherwise regulated, controlled or giving rise to liability
under any Environmental Laws, (i) any excessive moisture, mildews, mold or other fungi in quantities and/or concentrations
that could reasonably be expected to pose a risk to human health or the environment, or (j) any elements, materials, compounds,
mixtures, chemicals, wastes, pollutants, contaminants or substances known to cause cancer or reproductive toxicity, that, because
of its quantity, concentration, or physical or chemical characteristics, exposure is regulated by any governmental authority having
jurisdiction over human health and safety, natural resources or the environment, or which poses a significant present or potential
hazard to human health and safety, or to the environment, if released into the workplace or the environment. “Hazardous
Materials” excludes common office, cleaning and maintenance supplies in sufficient quantities to permit the efficient
operation of businesses at the Mortgaged Property, provided that such supplies are stored, contained and otherwise dealt with in
accordance with applicable Environmental Laws, and biomedical waste and other hazardous substances or materials used or generated
in the ordinary course of business at the Mortgaged Property, lawfully permitted at the Mortgaged Property by applicable law and
disposed of in full compliance with Environmental Laws.

 

2.3              “Liabilities”
means any loss, claim, investigation, remediation, demand, obligation, debt, damage, lien, liability (including without
limitation strict liability), penalty, fine, charge, lawsuit, action or other proceeding, order, judgment, adjudication,
injunctive relief, award, fee, cost, expense, personal injury, injury to property or natural resources, or amount paid in
settlement of any of the foregoing, including without limitation reasonable out-of-pocket attorneys’ fees and expenses
and other costs of investigation, or defense, including, but not limited to, those incurred upon any appeal or in connection
with responding to subpoenas, third parties or otherwise, out-of-pocket expenses of consultants and expert
witnesses, investigatory fees, remediation costs and fees, whether incurred in connection with any judicial or administrative
proceeding, pursuant to any voluntary cleanup program, or otherwise. The term “Liabilities”
specifically excludes compensatory, consequential, exemplary, special and punitive damages imposed unless paid to a third
party.

 

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EXECUTION VERSION

 

2.4             
“Site Assessment” means an environmental engineering report for the Mortgaged Property prepared
by an engineer reasonably selected by Administrative Agent and engaged by Borrower, and in a manner satisfactory to Administrative
Agent, based upon an investigation relating to and making appropriate inquiries concerning the existence of Hazardous Materials
on or about the Mortgaged Property, and the past or present discharge, disposal, release or escape of any such substances, all
consistent with ASTM Standard E1527-93 (or any successor thereto published by ASTM) and good customary and commercial practice.

 

Other capitalized terms
used in this Agreement and not defined shall have the meanings assigned to such terms in the Loan Agreement.

 

3.                 
Indemnity.

 

3.1             
In accordance with the terms of the Loan Agreement, all risk of loss associated with non-compliance with Environmental Laws,
or with the presence of any Hazardous Materials at, upon, within, or otherwise affecting the Mortgaged Property lies solely with
the Indemnitor and the Indemnitor has agreed to bear all risks and costs associated with any loss, damage or liability therefrom,
including all costs of removal of Hazardous Materials or other remediation required by Administrative Agent or by law. Indemnitor
shall at all times indemnify, defend and hold Administrative Agent and Lenders, their respective affiliates, shareholders, partners,
members, directors, officers, employees, agents, successors and assigns (individually and collectively, “Indemnitees”)
harmless from and against any and all Liabilities incurred by Indemnitees, whether as mortgagee under the Mortgages, as a mortgagee
in possession, or as successor-in-interest to Borrowers by foreclosure deed or deed in lieu of foreclosure, and whether based in
contract, tort, implied or express warranty, strict liability, criminal or civil statute or common law, including those Liabilities
arising from the joint, concurrent or comparative negligence of Administrative Agent or Lenders and including any Liabilities arising
out of or associated, in any way, with the following:

 

(a)              
the non-compliance of the Borrowers or the Mortgaged Property with Environmental Laws;

 

(b)              
any discharge or release of Hazardous Materials, the threat of discharge or release of any Hazardous Materials or the storage
or presence of any Hazardous Materials affecting the Mortgaged Property in violation of Environmental Law;

 

(c)              
any personal injury (including wrongful death) or property damage (real or personal) arising out of or related to the discharge
or release of Hazardous Materials, the threat of discharge or release of any Hazardous Materials or the storage or presence of
any Hazardous Materials affecting the Mortgaged Property in violation of Environmental Law;

 

(d)               any
lawsuit brought or threatened, settlement reached, or government order relating to the discharge or release of
Hazardous Materials, the threat of discharge or release of any Hazardous Materials or the storage or presence of any
Hazardous Materials affecting the Mortgaged Property in violation of Environmental Law;

 

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EXECUTION VERSION

 

(e)              
a material breach of any representation, warranty or covenant contained in any of the Loan Documents relating to Hazardous
Materials or Environmental Laws not cured within any applicable grace or notice period; and

 

(f)               
the imposition of any environmental lien encumbering the Mortgaged Property;

 

provided, however, Indemnitor shall not
be liable under such indemnification (i) to the extent such Liabilities result solely from any Indemnitee’s gross negligence
or willful misconduct as determined by a final non-appealable judgment of a court of competent jurisdiction, (ii) matters
resulting solely from the actions or omissions of any Indemnitee taken after any such parties or any third parties have taken title
to, or exclusive possession of the Property, (iii) solely out of Hazardous Materials in or on the Property or any violations
of Environmental Law that were not present prior to the date that Administrative Agent, any Lender or any assignee, designee or
nominee thereof or any other Person takes possession of or acquires title to the Property whether by foreclosure of the Mortgaged
Property, foreclosure of the Pledged Interests (as defined in the Assignment of Ownership Interests), exercise of power of sale,
acceptance of a deed or assignment-in-lieu of foreclosure, or otherwise.

 

3.2             
Indemnitor’s obligations under this Agreement shall arise upon the discovery of the presence of any Hazardous Materials
in violation of Environmental Law, whether or not the Environmental Protection Agency, any other federal agency or any state or
local environmental agency has taken or threatened any action in connection with the presence of any Hazardous Materials and whether
or not the existence of any such Hazardous Materials or potential liability on account thereof is disclosed in the Site Assessment,
and subject to the previous paragraph in Section 3.1 above and Section 3.3 below, shall continue notwithstanding
the repayment of the Loan or any transfer or sale of any right, title and interest in the Mortgaged Property (by foreclosure, deed
in lieu of foreclosure or otherwise).

 

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EXECUTION VERSION

 

3.3              Indemnitor
hereby acknowledges and agrees that the provisions of this Agreement shall supersede any provisions in the Loan Documents
which in any way limit the liability of Indemnitor (including those contained in Article 12 of the Loan Agreement), and
that Indemnitor shall be personally liable for any and all obligations arising under this Agreement even if the amount
of liability incurred exceeds the amount of the Loan. Subject to Section 3.1 above and the below provisions of this Section
3.3, all of the representations, warranties, covenants and indemnities of this Agreement shall survive the repayment of
the Notes and/or the release of the lien of the Mortgages from the Mortgaged Property and shall survive the transfer of any
or all right, title and interest in and to the Mortgaged Property by Borrowers to any party. Indemnitor hereby acknowledges
and agrees that, notwithstanding anything contained in any of the Loan Documents to the contrary, this Agreement and the
obligations of Indemnitor under this Agreement shall not be secured by the Mortgages or any other Loan Documents or any other
mortgage, deed of trust or other security document securing any obligations of Borrowers in connection with the Loan.
Notwithstanding the foregoing or anything contained in this Agreement or any other Loan Documents to the contrary, if,
(a) at any time after the third anniversary of repayment in full of the Debt, whether at maturity, as a result of
acceleration, in connection with prepayment or otherwise, or (b) with respect to any Project that is released from the
lien of the applicable Security Instrument in accordance with the terms of Section 2.18 of the Loan Agreement, at
any time after the third anniversary of the effective date of such release, Administrative Agent is provided with an updated
Site Assessment of the related Project indicating, to Indemnitee’s reasonable satisfaction, that there are no Hazardous
Materials located on, in, above or under such Project in violation of any applicable Environmental Laws, then the obligations
and liabilities of Indemnitor under this Agreement shall cease and terminate with respect to such Projects. Notwithstanding
the provisions of this Agreement to the contrary, the liabilities and obligations of Indemnitor hereunder shall not apply to
the extent that such liabilities and obligations arose solely from Hazardous Substances that: (y) were not present on or
a threat to any Project prior to the date that Administrative Agent, any Lender or its nominee or designee acquired title to
such Project, or to the Pledged Interests of the Indemnitor owning such Project, whether by foreclosure, exercise of power of
sale or otherwise, and (z) were not the result of any act or negligence of Indemnitor or any of
Indemnitor’s affiliates, agents or contractors.

 

3.4             
Notwithstanding any provision in this Agreement or elsewhere in the Loan Documents, or any rights or remedies granted by
the Loan Documents, Administrative Agent and Lenders do not waive and expressly reserve all rights and benefits now or hereafter
accruing to Administrative Agent and Lenders under the “security interest” or “secured creditor” exception
under applicable Environmental Laws, as the same may be amended. No action taken by Administrative Agent or Lenders pursuant to
the Loan Documents shall be deemed or construed to be a waiver or relinquishment of any such rights or benefits under the “security
interest exception.”

 

3.5             
A separate right of action hereunder shall arise each time Administrative Agent or Lenders acquire knowledge of any violation
of any of the terms hereof. Separate and successive actions may be brought hereunder to enforce any of the provisions hereof at
any time and from time to time. No action hereunder shall preclude any subsequent action, and Indemnitor hereby waives and covenants
not to assert any defense in the nature of splitting of causes of action or merger of judgments.

 

3.6             
Upon written request by Administrative Agent, Indemnitor shall defend Administrative Agent and Lenders (and if requested
by Administrative Agent, in the name of Administrative Agent for the benefit of Lenders) by attorneys and other professionals reasonably
approved by Administrative Agent. Notwithstanding the foregoing, Administrative Agent may, in its reasonable discretion, engage
its own attorneys and other professionals to defend or assist it, and, at the option of Administrative Agent, its attorneys shall
control the resolution of any claim or proceeding, provided that no compromise or settlement shall be entered without Indemnitor’s
consent, which consent shall not be unreasonably withheld. Upon demand, Indemnitor shall pay or, in the sole and absolute discretion
of Administrative Agent, reimburse Administrative Agent for the payment of reasonable fees and disbursements of attorneys, engineers,
environmental consultants, laboratories and other professionals in connection therewith.

 

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EXECUTION VERSION

 

4.                 
Covenants of Indemnitor.

 

4.1             
Indemnitor shall (i) comply in all respects with applicable Environmental Laws and undertake reasonable steps to the
protect the Mortgaged Property from Hazardous Materials; (ii) notify Administrative Agent promptly following Indemnitor’s
discovery of any spill, discharge, release or presence of any Hazardous Material at, upon, under, within or otherwise affecting
the Mortgaged Property; (iii) promptly remove any Hazardous Materials and remediate the Mortgaged Property to the extent required
by and in full compliance with applicable Environmental Laws; and (iv) promptly forward to Administrative Agent copies of
all orders, notices, permits, applications or other written communications and reports received by Indemnitor in connection with
any spill, discharge, release or the presence of any Hazardous Material or any other matters regulated by the Environmental Laws,
as they may affect the Mortgaged Property or Indemnitor.

 

4.2             
Indemnitor shall not cause and shall prohibit any other Person from (i) causing any spill, discharge or release, or
the use, storage, generation, manufacture, installation, or disposal, of any Hazardous Materials at, upon, under, within or about
the Mortgaged Property or the transportation of any Hazardous Materials to or from the Mortgaged Property, (ii) installing
any underground storage tanks at the Mortgaged Property in each case in violation of applicable Environmental Law, or (iii) conducting
any activity that requires a permit or other government or quasi-government authorization under Environmental Laws without the
prior written consent of Administrative Agent.

 

4.3             
Indemnitor shall provide to Administrative Agent, at Indemnitor’s expense promptly upon the written request
of Administrative Agent from time to time, a Site Assessment or, if required by Administrative Agent, an update to any existing
Site Assessment, to assess the presence or absence of any Hazardous Materials and the potential costs in connection with abatement,
cleanup or removal of any Hazardous Materials found on, under, at or within the Mortgaged Property, in each case in violation of
applicable Environmental Law. Indemnitor shall pay the cost of no more than one such Site Assessment or update in any twelve (12)-month
period, unless (a) Administrative Agent’s request for a Site Assessment is based on information provided under Section 4.1,
or (b) there exists credible evidence that there is reasonably likely to be Hazardous Materials at or near the Mortgaged Property,
a breach of representations under Section 8, or an Event of Default relating to a failure to comply with applicable
Environmental Law, in which case any such Site Assessment or update shall be at Indemnitor’s expense.

 

5.                 
Reliance. Indemnitor recognizes and acknowledges that in making the Loan and accepting the Mortgages and the
other Loan Documents, Administrative Agent and Lenders are expressly and primarily relying on the truth and accuracy of the warranties
and representations set forth herein and in the Loan Documents without any obligation to investigate the Mortgaged Property and
notwithstanding any investigations of the Mortgaged Property by Administrative Agent or Lenders; that such reliance exists on the
part of Administrative Agent and Lenders prior hereto; that such warranties and representations are a material inducement to Lenders
in making the Loan and accepting the Mortgages and other Loan Documents; and that Lenders would not be willing to make the Loan
and accept the Mortgages in the absence of such warranties and representations.

 

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EXECUTION VERSION

 

6.                 
Unimpaired Liability. The liability of Indemnitor under this Agreement shall in no way be limited or impaired
by, and Indemnitor hereby consents to and agrees to be bound by, any amendment or modification of the provisions of the Notes,
the Mortgages, the Loan Agreement or any other Loan Documents. In addition, the liability of Indemnitor under this Agreement shall
in no way be limited or impaired by (a) the unenforceability of the Notes, Mortgages, Loan Agreement or any other Loan Document
against Borrowers and/or any guarantor or Borrower Party; (b) any release or other action or inaction taken by Administrative
Agent on behalf of Lenders with respect to the Mortgaged Property, the Loan, the Borrowers and/or any other Borrower Party, whether
or not the same may impair or destroy any subrogation rights of the Indemnitor, or constitute a legal or equitable discharge of
any surety or indemnitor; (c) the existence of any collateral or other security for the Loan, and any requirement that Administrative
Agent or Lenders pursue any of such collateral or other security, or pursue any remedies it may have against Borrowers and/or any
other Borrower Party; (d) any requirement that Administrative Agent or Lenders provide notice to or obtain Indemnitor’s
consent to any modification, increase, extension or other amendment of the Loan; (e) any right of subrogation (until payment
in full of the Loan and the expiration of any applicable preference period and statute of limitations for fraudulent conveyance
claims); (f) any payment by Borrowers to Administrative Agent or Lenders if such payment is held to be a preference or fraudulent
conveyance under bankruptcy laws or Administrative Agent or Lenders are otherwise required to refund such payment to Borrowers
or any other party; (g) any voluntary or involuntary bankruptcy, receivership, insolvency, reorganization or similar proceeding
affecting Borrowers or any of their assets; (h) any extensions of time for performance required by the Notes, the Mortgages,
the Loan Agreement or any of the other Loan Documents; (i) except as otherwise specifically provided herein, any sale or transfer
of all or part of the Mortgaged Property; (j) any exculpatory provision in the Notes, the Mortgages, the Loan Agreement or
any of the other Loan Documents limiting Administrative Agent’s or Lenders’ recourse to the Mortgaged Property or to
any other security for the Notes, or limiting Administrative Agent’s or Lenders’ rights to a deficiency judgment against
any Indemnitor; (k) the accuracy or inaccuracy of the representations and warranties made by the Borrowers under the Notes,
the Mortgages, the Loan Agreement or any of the other Loan Documents or herein; (l) the release of the Borrowers or any other
Person from performance or observance of any of the agreements, covenants, terms or condition contained in the Notes, Mortgages,
Loan Agreement or any of the other Loan Documents by operation of law, any Borrower’s voluntary act, or otherwise; (m) the
release or substitution in whole or in part of any security for the Notes; or (n) Administrative Agent’s failure to
record the Mortgages or file any UCC financing statements (or Administrative Agent’s improper recording or filing of any
thereof) or to otherwise perfect, protect, secure or insure any security interest or lien given as security for the Notes; and,
in any such case, whether with or without notice to Indemnitors and with or without consideration.

 

7.                  Enforcement.
Administrative Agent may enforce, on behalf of Lenders, the obligations of the Indemnitor without first resorting to or
exhausting any security or collateral or without first having recourse to the Notes, the Mortgages, or any other Loan
Document or any of the Mortgaged Property, through foreclosure proceedings or otherwise, provided, however, that
nothing herein shall inhibit or prevent Administrative Agent, on behalf of Lenders, from suing on the Notes, foreclosing, or
exercising any power of sale under, the Mortgages, or exercising any other rights and remedies it may have under the Loan
Documents. It is not necessary for an Event of Default to have occurred for Administrative Agent, on behalf of Lenders, to
exercise its rights pursuant to this Agreement.

 

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EXECUTION VERSION

 

8.                 
Indemnitor’s Representations and Warranties.

 

8.1             
Representations Regarding Indemnitor. Indemnitor hereby represents and warrants with respect to Indemnitor
that:

 

(a)              
it has the full power and authority to execute and deliver this Agreement and to perform its obligations hereunder; the
execution, delivery and performance of this Agreement by Indemnitor has been duly and validly authorized; and all requisite corporate/partnership/company
action has been taken by Indemnitor to make this Agreement valid and binding upon Indemnitor, enforceable in accordance with its
terms;

 

(b)              
its execution of, and compliance with, this Agreement is in the ordinary course of business of that Indemnitor and will
not result in the breach of any term or provision of the charter, by-laws, partnership or trust agreement, articles of organization,
operating agreement or other governing instrument of that Indemnitor or result in the breach of any term or provision of, or conflict
with or constitute a default under or result in the acceleration of any obligation under any agreement, indenture or loan or credit
agreement or other instrument to which the Indemnitor or the Mortgaged Property is subject, or result in the violation of any law,
rule, regulation, order, judgment or decree to which the Indemnitor or the Mortgaged Property is subject;

 

(c)              
there is no action, suit, proceeding or investigation pending or, to the best of Indemnitor’s knowledge, threatened
against it which, either in any one instance or in the aggregate, could reasonably be expected to result in a Material Adverse
Change, or in any material impairment of the right or ability of Indemnitor to carry on its business substantially as now conducted,
or which would draw into question the validity of this Agreement or of any action taken or to be taken in connection with the obligations
of Indemnitor contemplated herein, or which would be likely to impair materially the ability of Indemnitor to perform under the
terms of this Agreement;

 

(d)              
it does not believe, nor does it have any reason or cause to believe, that it cannot perform each and every covenant contained
in this Agreement;

 

(e)              
no approval, authorization, order, license or consent of, or registration or filing with, any governmental authority or
other person, and no approval, authorization or consent of any other party (that has not already been obtained) is required in
connection with entering into this Agreement; and

 

(f)               
this Agreement constitutes a valid, legal and binding obligation of Indemnitor, enforceable against it in accordance with
the terms hereof.

 

8.2             
Representations Regarding the Mortgaged Property. Indemnitor hereby represents and warrants with respect to
the Mortgaged Property that except as may be disclosed in the Site Assessment:

 

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EXECUTION VERSION

 

(a)              
no Hazardous Material is now or, to the best of Indemnitor’s knowledge, was formerly used, stored, generated, manufactured,
installed, treated, discharged, disposed of or otherwise present at, under or within the Mortgaged Property or, to Borrower’s
knowledge, any property adjacent to the Mortgaged Property and no Hazardous Material since Borrower’s ownership of the Mortgaged
Property was removed or transported from the Mortgaged Property;

 

(b)              
all permits, licenses, approvals and filings required by Environmental Laws for the operation of the Mortgaged Property
have been obtained, and the use, operation and condition of the Mortgaged Property, does not violate any Environmental Laws;

 

(c)              
no civil, criminal or administrative action, suit, claim, hearing, investigation or proceeding is pending or threatened
in writing, nor have any settlements been reached by or with any parties or any liens imposed in connection with the Mortgaged
Property concerning Hazardous Materials or Environmental Laws;

 

(d)              
no underground storage tanks exist on any part of the Mortgaged Property; and

 

(e)              
Indemnitor has not received any notice from any Person, public or private, alleging any violation of or potential liability
under any Environmental Law with regard to the Mortgaged Property, nor has Indemnitor, or to Indemnitor’s knowledge, any
third party prior owner, tenant or other occupant of the Mortgaged Property, received any administrative order or entered into
any administrative consent order with any governmental agency with respect to Hazardous Materials on or at the Mortgaged Property.

 

9.                 
Interest. In the event that Administrative Agent incurs any obligations, costs or expenses under this Agreement,
Indemnitor shall pay Administrative Agent promptly on demand, and if such payment is not received within ten (10) Business
Days, interest on such amount shall, after the expiration of the ten (10) Business Day period, accrue at the Default Rate
until such amount, plus interest, is paid in full.

 

10.             
Joint and Several Liability. In the event that this Agreement is executed by more than one party as Indemnitor,
the liability of such parties is joint and several. In addition, Indemnitor’s obligations hereunder are joint and several
with any other person now or hereafter obligated under the Loan Documents and are independent of any obligations of Indemnitor
under the Loan Documents. A separate action or actions may be brought and prosecuted against Indemnitor, whether or not action
is brought against any other person or whether or not any other person is joined in such action or actions.

 

11.             
Notices. Any notice required or permitted to be given under this Agreement shall be in writing and shall be
mailed by certified mail, postage prepaid, return receipt requested, or sent by overnight air courier service, or personally delivered
to a representative of the receiving party, or sent by telecopy (provided an identical notice is also sent simultaneously by mail,
overnight courier, or personal delivery as otherwise provided in this Section 11). All such communications shall be
mailed, sent or delivered, addressed to the party for whom it is intended at its address set forth below:

 

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EXECUTION VERSION

 

	If to Indemnitor:	c/o Healthcare Trust Operating
    Partnership, L.P.
	 	405 Park Avenue, 4th Floor
	 	New York, New York 10022
	 	Attention: Healthcare General Counsel
	 	 
	with a copy to	Eversheds Sutherland LLP
	 	1114 Avenue of the Americas, 40th Floor
	 	New York, New York 10036-7703
	 	Attention: John J. Busillo, Esq.
	 	Facsimile: (212) 389-5099

 

	To Administrative Agent:	
        Capital One, National Association

        77 W. Wacker Drive, 10th Floor

        Chicago, Illinois 60601

        Attention: Jeffrey Muchmore, Credit Executive

        Facsimile: (855) 332-1699

        Reference: HTI/MOB Portfolio

         

	And a copy to:	Capital One, National Association

        5804 Trailridge Drive

        Austin, Texas 78731

        Attention: Diana Pennington, Senior Director,
        Associate General Counsel

        Facsimile: (855) 438-1132

        Reference: HTI/MOB Portfolio

         

	And a copy to:	
        Capital One, National Association

        77 W. Wacker Drive, 10th Floor

        Chicago, Illinois 60601

        Attention: Dan Eppley, Senior Director

        Facsimile: (855) 544-4044

        Reference: HTI/MOB Portfolio

         

	And a copy to:	
        Capital One, National Association

        77 W. Wacker Drive, 10th Floor

        Chicago, Illinois 60601

        Attention: Jason LaGrippe, Vice President

        Facsimile: (312) 739-3870

        Reference: HTI/MOB Portfolio

 

 

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EXECUTION VERSION

 

Any communication so addressed and
mailed shall be deemed to be given on the earliest of (1) when actually delivered, (2) on the
first (1st) Business Day after deposit with an overnight air courier service, (3) on the
third (3rd) Business Day after deposit in the United States mail, postage prepaid, in each case to the
address of the intended addressee, and any communication so delivered in person shall be deemed to be given when receipted
for by, or actually received by Lender or Indemnitor, as the case may be, or (4) if given by telecopy, when transmitted
to the party’s telecopy number specified above and confirmation of complete receipt is received by the transmitting
party during normal business hours or on the next Business Day if not confirmed during normal business hours, and an
identical notice is also sent simultaneously by mail, overnight courier, or personal delivery as otherwise provided in this Section 11.
Any party may designate a change of address by written notice to the other by giving at least ten (10) days prior
written notice of such change of address.

 

12.             
Waivers. No course of dealing on the part of Administrative Agent, Lenders, or their respective officers,
employees, consultants or agents, nor any failure or delay by Administrative Agent or Lenders with respect to exercising any right,
power or privilege of Administrative Agent or Lenders hereunder, shall operate as a waiver thereof.

 

13.             
Severability. If any clause or provision herein contained operates or would prospectively operate to invalidate
this Agreement in whole or in part, then such clause or provision shall be held for naught as though not contained herein, and
the remainder of this Agreement shall remain operative and in full force and effect.

 

14.             
Inconsistencies Among the Loan Documents. Nothing contained herein is intended to modify in any way the obligations
of Indemnitor under the Loan Agreement, the Notes, the Mortgages or any other Loan Document.

 

15.             
Successors and Assigns. This Agreement shall be binding upon Indemnitor’s successors, assigns and representatives
and shall inure to the benefit of Administrative Agent, Lenders and their respective successors and permitted assigns.

 

16.             
Controlling Laws. This Agreement shall be governed by and construed according to the laws of the State of
New York, without regard to conflicts of laws principles.

 

17.             
Construction. Whenever the context requires, all words used in the singular will be construed to have been
used in the plural, and vice versa, and each gender will include any other gender. The captions of the sections of this Agreement
are for convenience only and do not define or limit any terms or provisions. The word “include(s)” means “include(s),
without limitation,” and the word “including” means “including, but not limited to.” No listing of
specific instances, items or matters in any way limits the scope or generality of any language of this Agreement. Time is of the
essence in the performance of this Agreement by Indemnitor.

 

18.              Waiver
of Jury Trial. TO THE MAXIMUM EXTENT PERMITTED BY LAW, INDEMNITOR AND ADMINISTRATIVE AGENT (ON ITS BEHALF AND ON
BEHALF OF THE LENDERS) HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY
LITIGATION BASED HEREON, ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE
OF DEALING, STATEMENT (WHETHER VERBAL OR WRITTEN) OR ACTION OF EITHER PARTY OR ANY EXERCISE BY ANY PARTY OF THEIR RESPECTIVE
RIGHTS HEREUNDER OR IN ANY WAY RELATING TO THE LOAN OR THE MORTGAGED PROPERTY (INCLUDING ANY ACTION TO RESCIND OR CANCEL THIS
AGREEMENT, AND ANY CLAIM OR DEFENSE ASSERTING THAT THIS AGREEMENT WAS FRAUDULENTLY INDUCED OR IS OTHERWISE VOID OR VOIDABLE).
THIS WAIVER IS A MATERIAL INDUCEMENT FOR LENDERS TO MAKE THE LOAN.

 

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EXECUTION VERSION

 

19.             
Venue. INDEMNITOR HEREBY CONSENTS TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN
THE STATE OF NEW YORK AND IRREVOCABLY AGREES THAT, SUBJECT TO ADMINISTRATIVE AGENT’S ELECTION, ALL ACTIONS OR PROCEEDINGS
ARISING OUT OF OR RELATING TO THIS AGREEMENT SHALL BE LITIGATED IN SUCH COURTS. INDEMNITOR EXPRESSLY SUBMITS AND CONSENTS TO THE
JURISDICTION OF THE AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS. INDEMNITOR HEREBY WAIVES PERSONAL SERVICE
OF ANY AND ALL PROCESS AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE UPON INDEMNITOR BY CERTIFIED OR REGISTERED MAIL,
RETURN RECEIPT REQUESTED, ADDRESSED TO INDEMNITOR, AT THE ADDRESS SET FORTH IN THIS AGREEMENT AND SERVICE SO MADE SHALL BE DEEMED
COMPLETE TEN (10) DAYS AFTER THE SAME HAS BEEN POSTED.

 

20.             
Transfer of Loan. Indemnitor acknowledges that any Lender may, at
any time, subject to and in accordance with the terms of the Loan Agreement, sell, transfer or assign all or any part of its interest
in the Notes, the Loan Agreement, the Mortgages, this Agreement and the other Loan Documents, and any or all servicing rights with
respect thereto, or grant participations therein or issue mortgage pass-through certificates or other securities evidencing a beneficial
interest in a rated or unrated public offering or private placement as more fully set forth in the Loan Agreement, which terms
are incorporated herein by reference. Indemnitor agrees to cooperate, as and to the extent set forth in the Loan Agreement, with
Administrative Agent in connection with any such transfer made or as may be reasonably requested by Administrative Agent. Indemnitor
shall also furnish, and Indemnitor hereby consents to Administrative Agent furnishing to any such prospective transferee or participant,
as and to the extent set forth in the Loan Agreement, any and all information concerning the financial condition of the Indemnitor
and any and all information as may be reasonably requested by Indemnitee or any prospective transferee or participant in connection
with any sale, transfer or participation interest, provided such prospective transferee or participant agree to keep such information
confidential.

 

21.             
Counterparts. This Agreement may be executed in multiple counterparts, each of which shall constitute an original,
but all of which shall constitute one document.

 

22.             
California Provisions. Indemnitor hereby waives, to the maximum extent permitted by California Civil Code
Section 2856 and/or other applicable law, all suretyship rights and defenses which might otherwise be available to Indemnitor
under or pursuant to California Civil Code Sections 2787 through 2855 inclusive.

 

22.1         
Indemnitor hereby waives all rights and defenses that Indemnitor may have because the Borrowers’ debt is secured by
real property. This means, among other things:

 

AMENDED AND RESTATED ENVIRONMENTAL INDEMNITY
AGREEMENT - Page 12

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EXECUTION VERSION

 

(a)              
Lender may collect from Indemnitor without first foreclosing on any real or personal property collateral pledged by the
Borrowers;

 

(b)              
If Lender forecloses on any real property collateral pledged by the Borrowers:

 

(i)       For
purposes of this Agreement the amount of the debt may be reduced only by the price for which that collateral is sold at the foreclosure
sale, even if the collateral is worth more than the sale price.

 

(ii)       Lender
may collect from Indemnitor even if Lender, by foreclosing on the real property collateral, has destroyed any right Indemnitor
may have to collect from Borrowers.

 

This is an unconditional and irrevocable
waiver of any rights and defenses Indemnitor may have because the Borrowers’ debt is secured by real property. These rights
and defenses include, but are not limited to, any rights or defenses based upon Sections 580a, 580b, 580d or 726 of the California
Code of Civil Procedure.

 

22.2         
Indemnitor hereby waives all rights and defenses arising out of an election of remedies by Lender, even though that election
of remedies, such as non-judicial foreclosure with respect to security for a guaranteed obligation, has destroyed Indemnitor’s
rights of subrogation and reimbursement against Borrowers by the operation of Section 580d of the California Code of Civil
Procedure or otherwise.

 

22.3         
Without limiting the generality of the foregoing, Indemnitor hereby expressly: (a) waives any and all benefits which
might otherwise be available to it under this Agreement under California Civil Code Sections 2809, 2810, 2819, 2839, 2845
through 2847, 2849, 2850, 2899 and 3433, and California Code of Civil Procedure Sections 580a, 580b, 580d and 726, or any
similar statutes of other states; (b) acknowledges that Section 2856 of the California Civil Code authorizes and validates
waivers of a guarantor's rights of subrogation and reimbursement and certain other rights and defenses available to Indemnitor
under California law; and (c) in connection with this Agreement and except as otherwise provided herein, waives all rights
of subrogation, reimbursement, indemnification and contribution and all other rights and defenses that are or may become available
by reason of Sections 2787 to 2855, inclusive, of the California Civil Code.

 

AMENDED AND RESTATED ENVIRONMENTAL INDEMNITY
AGREEMENT - Page 13

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EXECUTION VERSION

 

23.               Amendment
and Restatement. Indemnitor agrees that this Agreement is given as a continuation, modification and extension of the
Hazardous Materials Indemnity Agreement dated as of June 30, 2019 (the “Original Agreement”) by
certain Indemnitors in favor of Administrative Agent and shall not constitute a novation of the Original Agreement.
Notwithstanding the modifications effected by this Agreement of the representations, warranties and covenants of Indemnitor
contained in the Original Agreement, but subject to Indemnitor’s rights under Article 3 hereof, each Indemnitor
acknowledges and agrees that any causes of action or other rights created in favor of the Indemnified Parties and Lenders
arising out of the representations and warranties of Indemnitors contained in the Original Agreement (but only with respect
to the period of time prior to the date hereof) shall survive the execution and delivery of this Agreement/Guaranty. Subject
to Indemnitor’s rights under Article 3 hereof, all indemnification and guaranty obligations of
Indemnitor/Guarantor pursuant to the Original Agreement (including any arising from a breach of the representations
thereunder) but only with respect to the period of time prior to the date hereof, shall survive the amendment and restatement
of the Original Agreement pursuant to this Agreement.

 

[Signatures Begin on the Following Page]

 

AMENDED AND RESTATED ENVIRONMENTAL INDEMNITY
AGREEMENT - Page 14

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EXECUTION VERSION

 

IN WITNESS WHEREOF,
Indemnitor has executed this Amended and Restated Hazardous Materials Indemnity Agreement as of the date first above written.

 

	 	INDEMNITOR:
	 	 
	 	ARHC CSDOUGA01, LLC
	 	ARHC BGBOWMD01, LLC
	 	ARHC CAROCMI02, LLC
	 	ARHC CAROCMI01, LLC
	 	ARHC UCELKCA01, LLC
	 	ARHC BRHBGPA01, LLC
	 	ARHC CHHBGPA01, LLC
	 	ARHC FOMBGPA01, LLC
	 	ARHC FMMUNIN02, LLC
	 	ARHC MVMVNWA01, LLC
	 	ARHC CPHAMVA01, LLC
	 	ARHC ESMEMTN01, LLC
	 	ARHC BLHBGPA01, LLC
	 	ARHC MSHBGPA01, LLC
	 	ARHC PCSHVMS01, LLC
	 	ARHC PVPHXAZ01, LLC
	 	ARHC AORMDVA01, LLC
	 	ARHC AHHFDCA01, LLC
	 	ARHC CMCNRTX01, LLC
	 	ARHC LMPLNTX01, LLC
	 	ARHC SCVSTCA01, LLC
	 	ARHC GMCLKTN01, LLC
	 	ARHC PRPEOAZ05 TRS, LLC
	 	ARHC PRPEOAZ01, LLC
	 	ARHC CSCLWFL01, LLC
	 	ARHC DELVSNV01, LLC
	 	ARHC DELVSNV02, LLC
	 	ARHC WIGNFWI01, LLC
	 	ARHC WISMLWI01, LLC
	 	ARHC SAVENFL01, LLC
	 	ARHC PCLMYPA01, LLC
	 	ARHC PPLVLGA01, LLC
	 	ARHC WISTFWI01, LLC,
	 	each a Delaware limited liability company
	 	 
	 	By:	/s/Michael Anderson
	 	Name: 	Michael Anderson
	 	Title:	Authorized Signatory

 

AMENDED AND RESTATED ENVIRONMENTAL INDEMNITY
AGREEMENT – Signature Page

HTI MOB Portfolio (Upsizing)

 

     

     

    

 

EXECUTION VERSION

 

	 	HEALTHCARE TRUST OPERATING PARTNERSHIP, L.P., a Delaware limited partnership
	 	 
	 	By:	Healthcare Trust, Inc., a Maryland corporation, its general partner
	 	 
	 	 	By:	 /s/Michael Anderson
	 	 	Name:	Michael Anderson
	 	 	Title:	Authorized Signatory

 

AMENDED AND RESTATED ENVIRONMENTAL INDEMNITY
AGREEMENT – Signature Page

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EXECUTION VERSION

 

SCHEDULE I

 

LIST OF BORROWERS

 

		1.	ARHC CSDOUGA01, LLC

		2.	ARHC BGBOWMD01, LLC

		3.	ARHC CAROCMI02, LLC

		4.	ARHC CAROCMI01, LLC

		5.	ARHC UCELKCA01, LLC

		6.	ARHC BRHBGPA01, LLC

		7.	ARHC CHHBGPA01, LLC

		8.	ARHC FOMBGPA01, LLC

		9.	ARHC FMMUNIN02, LLC

		10.	ARHC MVMVNWA01, LLC

		11.	ARHC CPHAMVA01, LLC

		12.	ARHC ESMEMTN01, LLC

		13.	ARHC BLHBGPA01, LLC

		14.	ARHC MSHBGPA01, LLC

		15.	ARHC PCSHVMS01, LLC

		16.	ARHC PVPHXAZ01, LLC

		17.	ARHC AORMDVA01, LLC

		18.	ARHC AHHFDCA01, LLC

		19.	ARHC CMCNRTX01, LLC

		20.	ARHC LMPLNTX01, LLC

		21.	ARHC SCVSTCA01, LLC

		22.	ARHC GMCLKTN01, LLC

		23.	ARHC PRPEOAZ05 TRS, LLC

		24.	ARHC PRPEOAZ01, LLC

		25.	ARHC CSCLWFL01, LLC

		26.	ARHC DELVSNV01, LLC

		27.	ARHC DELVSNV02, LLC

		28.	ARHC WIGNFWI01, LLC

		29.	ARHC WISMLWI01, LLC

		30.	ARHC SAVENFL01, LLC

		31.	ARHC PCLMYPA01, LLC

		32.	ARHC PPLVLGA01, LLC

		33.	ARHC WISTFWI01, LLC

 

AMENDED AND RESTATED ENVIRONMENTAL INDEMNITY
AGREEMENT – Schedule I

HTI MOB Portfolio (Upsizing)

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