Document:

Exhibit

        
Exhibit 10.4

FIRST AMENDMENT TO

EMPLOYEE AND DIRECTOR
INCENTIVE RESTRICTED SHARE PLAN OF
AMERICAN REALTY CAPITAL NEW YORK CITY REIT, INC.
 
WHEREAS, American Realty Capital New York City REIT, Inc. (the “Company”) maintains the Employee and Director Incentive Restricted Share Plan (the “Plan”);
 
WHEREAS, pursuant to Section 9 of the Plan, the Board of Directors of the Company (the “Board”) may at any time amend the Plan; and
 
WHEREAS, the Board desires to amend the Plan as set forth herein.
 
NOW, THEREFORE, pursuant to Section 9 of the Plan, effective as of August 8, 2017:

		
	1.
	The definition of “Advisory Agreement” in Section 1.2 is hereby deleted and replaced in its entirety with:

 “‘Advisory Agreement’ shall mean that agreement dated November 15, 2015, by and among the Company, the Advisor and New York City Operating Partnership, L.P., as may be amended from time to time.”

		
	2.
	The definition of “Fair Market Value” in Section 1.2 is hereby deleted and replaced in its entirety with:

 “‘Fair Market Value’ means with respect to Shares: 

		
	(i)
	If the Shares are listed on any established stock exchange or a national market system, their Fair Market Value shall be the closing sales price for the Shares, or the mean between the high bid and low asked prices if no sales were reported, as quoted on such system or exchange (or, if the Shares are listed on more than one exchange, then on the largest such exchange) for the date the value is to be determined (or if there are no sales or bids for such date, then for the last preceding business day on which there were sales or bids), as reported in The Wall Street Journal.

		
	(ii)
	If the Shares are regularly quoted by a recognized securities dealer but selling prices are not reported, or if there is no secondary trading market for the Shares, their Fair Market Value shall be the Company’s estimated net asset value per Share, calculated pursuant to the valuation guidelines adopted by the Board and published by the Company.”

		
	3.
	Section 6.1 is hereby deleted and replaced in its entirety with the following: 

        
Exhibit 10.4

“Automatic Grant.  Without further action of the Board or the Committee, Non-Employee Directors shall receive an Award of a number of Restricted Shares equal to the quotient of (A) 30,000 divided by (B) the Fair Market Value of a Share as of the Grant Date of such Award, and such Award shall be made on each of (i) the date of such Non-Employee Director’s initial election to the Board and (ii) the date of each annual stockholders’ meeting of the Company thereafter and, in each case, notwithstanding Section 5.1(c), each such date will be the Grant Date of such Award.”
 
IN WITNESS WHEREOF, the Board has approved the amendment to the Plan as set forth herein and authorized the undersigned officer of the Company to execute this amendment and the undersigned has caused this amendment to be executed this 8th day of August, 2017.

HEALTHCARE TRUST, INC.
    
By:  /s/ Edward M. Weil, Jr.                
Name: Edward M. Weil, Jr.
Title: Executive Chairman, Chief Executive Officer, President and SecretaryEX-4.5

 Exhibit 4.5 
  

					
	Number *0*	 		  	                        Shares *0*
			
		 		  	SEE REVERSE FOR IMPORTANT
		 		  	NOTICE ON TRANSFER RESTRICTIONS
		 		  	AND OTHER INFORMATION

 INVESCO MORTGAGE CAPITAL INC. 

a Corporation Formed Under the Laws of the State of Maryland 

THIS CERTIFIES THAT **Specimen** 
 is the owner
of **Zero (0)** 
 fully paid and nonassessable shares of 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock, $0.01 par value per share,
of 
 Invesco Mortgage Capital Inc. 

(the “Corporation”) transferable on the books of the Corporation by the holder hereof in person or by its duly authorized attorney, upon surrender
of this Certificate properly endorsed. This Certificate and the shares represented hereby are issued and shall be held subject to all of the provisions of the charter of the Corporation and the bylaws of the Corporation and any amendments thereto.

 IN WITNESS WHEREOF, the Corporation has caused this Certificate to be executed on its behalf by its duly authorized officers this
            day of             , 2017. 
  

							
	  
	  		  	  
	 	(SEAL)
	 [Name]
 Secretary
	  		  	 [Name]
 President
	 	

 IMPORTANT NOTICE 

The Corporation will furnish to any stockholder, on request and without charge, a full statement of the information required by
Section 2-211(b) of the Corporations and Associations Article of the Annotated Code of Maryland with respect to the designations and any preferences, conversion and other rights, voting powers, restrictions, limitations as to dividends and
other distributions, qualifications, and terms and conditions of redemption of the stock of each class which the Corporation has authority to issue and, if the Corporation is authorized to issue any preferred or special class in series, (i) the
differences in the relative rights and preferences between the shares of each series to the extent set, and (ii) the authority of the Board of Directors to set such rights and preferences of subsequent series. The foregoing summary does not
purport to be complete and is subject to and qualified in its entirety by reference to the charter of the Corporation, a copy of which will be sent without charge to each stockholder who so requests. Such request must be made to the Secretary of the
Corporation at its principal office. 
 The shares represented by this Certificate are subject to restrictions on Beneficial Ownership and
Constructive Ownership and Transfer for the purpose, among others, of the Corporation’s maintenance of its qualification as a Real Estate Investment Trust under the Internal Revenue Code of 1986, as amended (the “Code”). Subject to
certain further restrictions and except as expressly provided in the Corporation’s charter, (i) no Person may Beneficially Own or Constructively Own shares of the Corporation’s Common Stock in excess of 9.8% (in value or number of
shares) of the outstanding shares of Common Stock of the Corporation unless such Person is an Excepted Holder (in which case the Excepted Holder Limit shall be applicable); (ii) no Person may Beneficially Own or Constructively Own shares of
Capital Stock of the Corporation in excess of 9.8% (in value or number of shares) of the total outstanding shares of Capital Stock of the Corporation, unless such Person is an Excepted Holder (in which case the Excepted Holder Limit shall be
applicable); (iii) no Person may Beneficially Own or Constructively Own Capital Stock that would result in the Corporation being “closely held” under Section 856(h) of the Code or otherwise cause the Corporation to fail to
qualify as a REIT; and (iv) no Person may Transfer shares of Capital Stock if such Transfer would result in the Capital Stock of the Corporation being owned by fewer than 100 Persons. Any Person who Beneficially Owns or Constructively Owns or
attempts to Beneficially Own or Constructively Own shares of Capital Stock which causes or will cause a Person to Beneficially Own or Constructively Own shares of Capital Stock in excess or in violation of the above limitations must immediately
notify the Corporation. If the restrictions on transfer or ownership provided in (i), (ii) or (iii) above are violated, the shares of Capital Stock represented hereby will be automatically transferred to a Trustee of a Trust for the
benefit of one or more Charitable Beneficiaries. In addition, the Corporation may redeem shares upon the terms and conditions specified by the Board of Directors in its sole discretion if the Board of Directors determines that ownership or a
Transfer or other event may violate the restrictions described above. Furthermore, if the ownership restriction provided in (iv) above would be violated or upon the occurrence of certain events, attempted Transfers in violation of the
restrictions described above may be void ab initio. All capitalized terms in this legend have the meanings defined in the charter of the Corporation, as the same may be amended from time to time, a copy of which, including the
restrictions on transfer and ownership, will be furnished to each holder of Capital Stock of the Corporation on request and without charge. Requests for such a copy may be directed to the Secretary of the Corporation at its principal office. 

 
  

KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN 

OR DESTROYED, THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A 

CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE. 
  

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

 

							
	TEN COM	  	- as tenants in common	  	UNIF GIFT MIN ACT	  	                    Custodian
	TEN ENT	  	- as tenants by the entireties	  		  	(Custodian)             (Minor)
	JT TEN	  	- as joint tenants with right of	  		  	under Uniform Gifts to Minors Act of
		  	  survivorship and not as tenants	  		  	                                      
          
		  	  in common	  		  	(State)

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

FOR VALUE RECEIVED,
                            HEREBY SELLS, ASSIGNS AND TRANSFERS UNTO 

 

			
	  
	  	
	(Please Print or Typewrite Name and Address, Including Zip Code, of Assignee)	  	
		
	  
	  	
	(Please Insert Social Security or other Identifying Number of Assignee)	  	

                          
  (            ) shares of 7.50% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock of the Corporation represented by this Certificate and does hereby irrevocably
constitute and appoint                             attorney to transfer the said shares of 7.50%
Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock on the books of the Corporation, with full power of substitution in the premises. 
 Dated
                                         
        
  

			
	  
	  	
		  	NOTICE: The Signature To This Assignment Must Correspond With The

 Name As Written Upon The Face Of The Certificate In 

Every Particular, Without Alteration Or Enlargement Or Any Change Whatever. 

  
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