Document:

Exhibit

EXHIBIT 10.5
OMNIBUS ASSIGNMENT AND AMENDMENT TO
THE PROPERTY MANAGEMENT AND LEASING AGREEMENTS
OF THE ENTITIES LISTED ON EXHIBIT A

This OMNIBUS ASSIGNMENT AND AMENDMENT TO THE PROPERTY MANAGEMENT AND LEASING AGREEMENTS  (this “Agreement”) is entered into as of October 4, 2019 (the “Effective Date”), by and among (i) the entities listed on Exhibit A attached hereto and made a part hereof (collectively, the “Owners”), (ii) CARTER VALIDUS REAL ESTATE MANAGEMENT SERVICES, LLC, a Delaware limited liability company (the “Assignor”) and (iii) CARTER VALIDUS REAL ESTATE MANAGEMENT SERVICES II, LLC, a Delaware limited liability company (the “Assignee”).

W I T N E S S E T H :

WHEREAS, pursuant to the Property Management and Leasing Agreements by and among each Owner and the Assignor (the “Management Agreements”), Assignor serves as manager and tenant coordinating agent of the properties that are the subject of the respective Management Agreements;

WHEREAS, pursuant to that certain Agreement and Plan of Merger (the “Merger Agreement”) by and among Carter Validus Mission Critical REIT II, Inc. (“REIT II”), Carter Validus Operating Partnership II, LP (“OP II”), Carter/Validus Mission Critical REIT, Inc. (“REIT I”), Carter/Validus Operating Partnership, LP (“OP I”)  and Lightning Merger Sub, LLC (the “Merger  Agreement”), dated as of April 11, 2019, REIT I will merge with and into Merger Sub (the “Merger”) and, as a result, OP I will become a subsidiary of REIT II;

WHEREAS, OP I owns the equity interests in each entity that owns a Property (each an “Owner”) and, collectively, the “Owners”); and

WHEREAS, immediately prior to the Merger Effective Time (as defined in the Merger Agreement) and pursuant to Section 8.3 of each of the Management Agreements, the Assignee has agreed to acquire, and the Assignor has agreed to assign, transfer, convey and deliver to the Assignee, all of the Assignor’s rights, titles and interests in the Management Agreements.

NOW THEREFORE, in consideration of the mutual covenants and promises contained herein and for other good and valuable consideration the receipt and adequacy of which are hereby acknowledged, the Parties hereby agree as follows:

1.Assignment and Assumption. Effective as of the date hereof, upon the terms and subject to the conditions set forth herein:

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(i)Effective immediately prior to the Merger Effective Time, Assignor hereby assigns, transfers, conveys and delivers to Assignee, all of Assignor’s rights, titles and interests in and to the Management Agreements; and
(ii)    Effective immediately prior the Merger Effective Time, Assignee hereby (a) acquires all of Assignor’s rights, titles and interests in the Management Agreements, agrees to be bound by each of the Management Agreements and shall be deemed the “Manager” pursuant to each of the Management Agreements as of the date hereof, and (b) unconditionally and irrevocably assumes, undertakes and agrees, subject to valid claims and defenses, to pay, satisfy, perform and discharge in full, as and when due, and release and discharge Assignee and its successors and assigns completely and forever from, all obligations and liabilities of any kind arising out of, or required to be performed under, the Management Agreements, in each case, solely to the extent arising from and after the date hereof; provided, however, that (x) it is understood and agreed that no Assignee shall assume any obligation or claim arising out of the performance of, or failure to perform under, any Management Agreement to the extent relating to an act or omission prior to the date hereof or to the extent that such obligation or claim is attributable to any period prior to the date hereof (the “Retained Liabilities”) (and any third party shall be required to look solely to Assignor with respect to any claims relating to such Retained Liabilities), and (y) Assignor hereby agrees to indemnify, reimburse, defend and hold harmless Assignee, its affiliates and representatives from and against any and all damages of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against them, in any way by any third party relating to or arising out of any Retained Liabilities.
(iii)    In accordance with Section 8.3 of each Management Agreement, the Owners hereby consent to the assignment.
2.Further Assurances.  The Parties covenant and agree to take such actions and execute and deliver such further deeds, assignments or other transfer documents, in each case, as a Party may reasonably request, to effectively contribute, transfer, assign and convey, and to evidence such contribution, transfer, assignment and conveyance of, the interests in the Management Agreements, if any.

3.Assignor Representations and Warranties.  

(i)    Assignor hereby represents and warrants to Assignee as follows:
(a)    Existence and Power.  It is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware and has all power and authority required to carry on its business as now conducted.
(b)    Authorization.  Subject to the receipt of the consent of each of the Owners, it has all requisite corporate or similar power, authority and legal capacity to execute and delivery, as applicable, this Agreement and to perform its obligations hereunder.  The execution, delivery and performance of this Agreement have been duly approved by all requisite action on it and its applicable subsidiaries’ parts.  This Agreement has been executed and delivered by it or such affiliate, as applicable, and, assuming the due authorization, execution 

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and delivery by the other parties hereto and thereto, constitutes or will constitute a legal, valid and binding obligation of it and such applicable subsidiaries, enforceable against each such person in accordance with its terms, subject to the Equitable Exceptions.
(c)    Non-Contravention.  The execution, delivery and performance by it of this Agreement does not and will not, directly or indirectly, (a) violate, contravene or conflict with any provision of the organizational documents of such person, (b) contravene or conflict with, or constitute a violation of, any applicable order or provisions of any applicable law binding upon or applicable to any such person, (c) require it or any of its respective subsidiaries to make or obtain any registration, filing, application, notice, consent, approval, order, qualification, authorization, designation, declaration or waiver with, to or from any governmental authority or any other person, or (d) require a consent, approval or waiver from, or notice to, any party to any contract to which it or any of its respective affiliates (other than REIT I, OP I and their respective subsidiaries) is a party.
4.Amendments. Each Management Agreement is hereby amended as follows.

		
	(a)
	Section 8.1 (Notices - Manager):   

Manager: CARTER VALIDUS REAL ESTATE MANAGEMENT SERVICES II, LLC
c/o Carter & Associates, L.L.C
4890 W. Kennedy Blvd., Suite 650
Tampa, FL 33609    
Attention:  Legal Department

5.Entire Agreement.  This Agreement together with the respective Management Agreements constitute the entire agreement and understanding among the Parties in respect of the subject matter hereof and thereof and supersedes all prior and contemporaneous arrangements, agreements and understandings, both oral and written, whether in term sheets, presentations or otherwise among the Parties, or between any of them, with respect to the subject matter hereof and thereof.

6.Governing Law.  This Agreement shall be governed by and construed in accordance with the internal laws of the State of Delaware, without regard to the choice of laws provisions thereof.

7.Titles. The titles and captions of the Articles, Sections and paragraphs of this Agreement are included for convenience of reference only and shall have no effect on the construction or meaning of this Agreement.

8.Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and it will not be necessary in making proof of this 

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Agreement or the terms of this Agreement to produce or account for more than one of such counterparts.  All counterparts shall constitute one and the same instrument.  Each party may execute this Agreement via a facsimile (or transmission of a .pdf file) of this Agreement.  In addition, facsimile or .pdf signatures of authorized signatories of the parties shall be valid and binding and delivery of a facsimile or .pdf signature by any party shall constitute due execution and delivery of this Agreement.

[Remainder of Page Left Intentionally Blank; Signature Pages Follow]

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IN WITNESS WHEREOF, the undersigned have executed and delivered this Agreement as of the date first above written.
	
	
	ASSIGNOR:

	CARTER VALIDUS REAL ESTATE MANAGEMENT SERVICES, LLC,

	a Delaware limited liability company

	 

	By: Carter/Validus REIT Investment Management Company, LLC, a Florida limited liability company, its sole member

	 

	By: /s/ Michael A. Seton
Name: Michael A. Seton 
Title:   Chief Executive Officer 

Signature Page to Assignment and Amendment 

	
	
	ASSIGNEE:

	CARTER VALIDUS REAL ESTATE MANAGEMENT SERVICES II, LLC

	 

	By: Carter Validus REIT Management Company II, LLC, a Florida limited liability company, its sole member

	 

	By: /s/ Kay C. Neely

	Name: Kay C. Neely 

	Title:   Chief Financial Officer  

Signature Page to Assignment and Amendment 

	
	
	OWNERS:

	 

	HC-760 OFFICE PARKWAY, LLC

	HC-2501 W. WILLIAM CANNON DR, LLC

	HC-14024 QUAIL POINTE DRIVE, LLC,

	each a Delaware limited liability company

	 

	By:Carter/Validus Operating Partnership, LP,

	a Delaware limited partnership, its sole member

	 

	By:Carter Validus Mission Critical REIT II, LLC,

	a Maryland limited liability company, its general partner

	 

	By:Carter Validus Mission Critical REIT II, Inc.,

	a Maryland corporation, its sole member

	 

	 

	By: /s/ Kay C. Neely

	Name:  Kay C. Neely

	Title:    Chief Financial Officer

Signature Page to Assignment and Amendment

	
	
	HC-2727 E. LEMMON AVENUE, LLC

	HC-8451 PEARL STREET, LLC

	HC-4499 ACUSHNET AVENUE, LLC

	HC-17322 RED OAK DRIVE, LLC

	HC-1940 TOWN PARK BOULEVARD, LLC

	HC-4201 WILLIAM D. TATE AVENUE, LLC

	HC-2257 KARISA DRIVE, LLC

	HC-3873 N. PARKVIEW DRIVE, LLC

	HC-3436 MASONIC DRIVE, LLC

	HC-3001 NORTH AUGUSTA NATIONAL DRIVE, LLC

	HC-1946 TOWN PARK BOULEVARD, LLC

	HC-5330 N LOOP 1604 WEST, LLC

	HC-10323 STATE HIGHWAY 151, LLC

	HC-5101 MEDICAL DRIVE, LLC

	HC-4810 N. LOOP 289, LLC

	HC-7502 GREENVILLE AVENUE, LLC

	HC-42570 SOUTH AIRPORT ROAD, LLC

	HC-200 BLOSSOM STREET, LLC

	HC-116 EDDIE DOWLING HIGHWAY, LLC

	HCP-SELECT MEDICAL, LLC

	HC-5330L N. LOOP 1604 WEST, LLC

	HCP-DERMATOLOGY ASSOCIATES, LLC

	HC-1101 KALISTE SALOOM ROAD, LLC

	HC-800 EAST 68TH STREET, LLC

	HC-5829  29 PALMS HIGHWAY, LLC,

	each a Delaware liability company

	 

	By:Carter/Validus Operating Partnership, LP,

	a Delaware limited partnership, its sole member

	 

	By:Carter Validus Mission Critical REIT II, LLC,

	a Maryland limited liability company, its general partner

	 

	By:Carter Validus Mission Critical REIT II, Inc.,

	a Maryland corporation, its sole member

	 

	By: /s/ Kay C. Neely

	Name: Kay C. Neely

	Title:   Chief Financial Officer

Signature Page to Assignment and Amendment 

	
	
	HC- 40055 BOB HOPE DRIVE, LLC

	HC-77-840 FLORA ROAD, LLC

	HC-6879 US HIGHWAY 98 WEST, LLC

	HC-601 REDSTONE AVENUE WEST, LLC

	HC-1026 MAR WALT DRIVE, NW, LLC

	HC-2234 COLONIAL BLVD., LLC

	HC-2270 COLONIAL BLVD., LLC

	HC-8991 BRIGHTON LANE, LLC

	HC-1120 LEE BOULEVARD, LLC

	HC-7751 BAYMEADOWS RD. E., LLC

	HC-#2 PHYSICIANS PARK DR., LLC

	HC-6160 S. FORT APACHE ROAD, LLC

	HC-52 NORTH PECOS ROAD, LLC

	HC-187 SKYLAR DRIVE, LLC

	HC-860 PARKVIEW DRIVE NORTH, UNITS A&B, LLC

	HC-6310 HEALTH PKWY., UNITS 100&200, LLC

	HCP-PAM WARM SPRINGS, LLC,

	each a Delaware liability company

	 

	By:Carter/Validus Operating Partnership, LP,

	a Delaware limited partnership, its sole member

	 

	By:Carter Validus Mission Critical REIT II, LLC,

	a Maryland limited liability company, its general partner

	 

	By:Carter Validus Mission Critical REIT II, Inc.,

	a Maryland corporation, its sole member

	 

	 

	By: /s/ Kay C. Neely

	Name: Kay C. Neely

	Title:   Chief Financial Officer

Signature Page to Assignment and Amendment 

	
	
	HC-239 S. MOUNTAIN BOULEVARD, LP,

	a Delaware limited partnership

	 

	By:HC-239 S. Mountain Boulevard Management, LLC,

	a Delaware limited liability company, its general partner

	 

	By:Carter/Validus Operating Partnership, LP,

	a Delaware limited partnership, its sole member

	 

	By:Carter Validus Mission Critical REIT II, LLC,

	a Maryland limited liability company, its general partner

	 

	By:Carter Validus Mission Critical REIT II, Inc.,

	a Maryland corporation, its sole member

	 

	 

	By: /s/ Kay C. Neely

	Name: Kay C. Neely

	Title:   Chief Financial Officer

Signature Page to Assignment and Amendment 

Exhibit A
OWNERS
	
		
	1.
	HC-760 Office Parkway, LLC

	2.
	HC-2501 W. William Cannon Dr, LLC

	3.
	HC-14024 Quail Pointe Drive, LLC

	4.
	HC-2727 E. Lemmon Avenue, LLC

	5.
	HC-8451 Pearl Street, LLC

	6.
	HC-4499 Acushnet Avenue, LLC

	7.
	HC-17322 Red Oak Drive, LLC

	8.
	HC-1940 Town Park Boulevard, LLC

	9.
	HC-4201 William D. Tate Avenue, LLC

	10.
	HC-2257 Karisa Drive, LLC

	11.
	HC-3873 N. Parkview Drive, LLC

	12.
	HC-3436 Masonic Drive, LLC

	13.
	HC-3001 North Augusta National Drive, LLC

	14.
	HC-1946 Town Park Boulevard, LLC

	15.
	HC-5330 N Loop 1604 West, LLC

	16.
	HC-10323 State Highway 151, LLC

	17.
	HC-5101 Medical Drive, LLC

	18.
	HC-4810 N. Loop 289, LLC

	19.
	HC-7502 Greenville Avenue, LLC

	20.
	HC-42570 South Airport Road, LLC

	21.
	HC-200 Blossom Street, LLC

	22.
	HC-116 Eddie Dowling Highway, LLC

	23.
	HCP-Select Medical, LLC

	24.
	HC-5330L N. Loop 1604 West, LLC

	25.
	HCP-Dermatology Associates, LLC

	26.
	HC-1101 Kaliste Saloom Road, LLC

	27.
	HC-800 East 68th Street, LLC

	28.
	HC-5829  29 Palms Highway, LLC

	29.
	HC- 40055 Bob Hope Drive, LLC

	30.
	HC-77-840 Flora Road, LLC

	31.
	HC-6879 US Highway 98 West, LLC

	32.
	HC-601 Redstone Avenue West, LLC

	33.
	HC-1026 Mar Walt Drive, NW, LLC

	34.
	HC-2234 Colonial Blvd., LLC

	35.
	HC-2270 Colonial Blvd., LLC

	36.
	HC-8991 Brighton Lane, LLC

	37.
	HC-1120 Lee Boulevard, LLC

	
		
	38.
	HC-7751 Baymeadows Rd. E., LLC

	39.
	HC-#2 Physicians Park Dr., LLC

	40.
	HC-6160 S. Fort Apache Road, LLC

	41.
	HC-52 North Pecos Road, LLC

	42.
	HC-187 Skylar Drive, LLC

	43.
	HC-860 Parkview Drive North, Units A&B, LLC

	44.
	HC-6310 Health Pkwy., Units 100&200, LLC

	45.
	HCP-PAM Warm Springs, LLC

	46.
	HC-239 S. Mountain Boulevard, LPExhibit

EXHIBIT 10.6
FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP 
OF 
CARTER/VALIDUS OPERATING PARTNERSHIP, LP
THIS FIRST AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP (this “Agreement”) is entered into as of October 4, 2019 by and between Carter Validus Operating Partnership II, LP, a Delaware limited partnership, as the general partner (the “General Partner”), and CVOP Partner, LLC, a Delaware limited liability company, as the limited partner (the “Limited Partner”) (the General Partner and the Limited Partner, together with any additional partners that may be admitted to the Partnership, are referred to herein individually as a “Partner” and collectively as the “Partners”).
WHEREAS, the Partnership was formed on December 29, 2009 as a limited partnership in accordance with the Delaware Revised Uniform Limited Partnership Act (Del. Code Ann. tit. 6, §17-101, et. seq.) (the “Delaware RULPA”) under the name “Carter/Validus Operating Partnership, LP” (the “Partnership”);
WHEREAS, an original Agreement of Limited Partnership was entered into by Carter Validus Mission Critical REIT, Inc. (“CVREIT”) and Carter/Validus Advisors, LLC (“CV Advisors”), as limited partner, on December 29, 2009 (the “Original Agreement”);
WHEREAS, the First Amendment to the Original Agreement was entered into by CVREIT and CV Advisors on September 21, 2018;
WHEREAS, in anticipation in the Merger described below, a Second Amendment to the Original Agreement was entered into by CVREIT and CV Advisors, to be effective as of the closing of the Merger on October 4, 2019, which amendment was revoked by a Third Amendment to the Original Agreement entered into by CVREIT and CV Advisors;
WHEREAS, pursuant to the terms of the Agreement and Plan of Merger, dated as of April 11, 2019, by and between Carter Validus Mission Critical REIT II, Inc. (“CVREIT II”), CVREIT, the General Partner, the Partnership, Carter Validus Operating Partnership II, LP (“CVOP II”) and Carter Validus Mission Critical REIT II, LLC (f/k/a “Lightning Merger Sub, LLC”) (“Lightning”), CVREIT merged with and into Lightning, with Lightning surviving (the “Merger”); 
WHEREAS, following the closing of the Merger on October 4, 2019, Carter Validus Advisors II, LLC (“CV Advisors II”) purchased from CV Advisors all of the issued and outstanding partnership interests held by CV Advisors in the Partnership (the “CV Advisors Transaction”);
WHEREAS, pursuant to the terms of the Contribution Agreement, dated as of October 4, 2019, by and between CVREIT II, the General Partner, the Partnership, Lightning, CV Advisors II and the Limited Partner, following the CV Advisors Transaction, (i) Lightning and CV Advisors II each contributed all its interests in the Partnership to the General Partner, and (ii) the General Partner contributed all of the limited partnership interests in the Partnership to the Limited Partner (the “Contributions”); and

    

WHEREAS, the General Partner and the Limited Partner desire to amend and restate the Original Agreement in its entirety in accordance with the Delaware RULPA to give effect to the Contributions.
NOW THEREFORE, the parties hereto agree as follows:

ARTICLE 1
General
1.1    Effective Date of Agreement.  This Agreement shall be effective upon the Contributions on October 4, 2019.
1.2    Formation.  The Partnership was formed on December 29, 2009 by the filing of a Certificate of Limited Partnership with the office of the Secretary of State of Delaware.  The General Partner and the Limited Partner hereby execute this Agreement for the purpose of amending and restating in its entirety the Original Agreement in accordance with the Delaware RULPA. 
1.3    Name.  The name of the Partnership shall be Carter/Validus Operating Partnership, LP.
1.4    Purpose.  The Partnership is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Partnership is, engaging in any lawful act or activity for which limited partnerships may be formed under the Delaware RULPA and engaging and to engage in any and all activities necessary or incidental to the foregoing. 
1.5    Limited Liability.  Except as otherwise provided by the Delaware RULPA, the Limited Partner shall not be personally liable or otherwise obligated with respect to the debts, obligations and liabilities of the Partnership, whether arising in contract, tort or otherwise, solely by reason of being a limited partner of the Partnership.
1.6    Address, Registered Office and Registered Agent.  The address of the principal office of the Partnership shall be 4890 W. Kennedy Boulevard, Suite 650, Tampa, FL 33609.  The address of the registered office of the Partnership in the State of Delaware shall be 2711 Centerville Road Suite 400, Wilmington, Delaware 19808.  The name of the registered agent of the Partnership for service of process in the State of Delaware at such address shall be the Corporation Service Company.

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1.7    Partners.  The names and business addresses of the General Partner and the Limited Partner are as follows:
General Partner
Carter Validus Operating Partnership II, LP 
4890 W. Kennedy Boulevard, Suite 650
Tampa, FL 33609
Limited Partner
CVOP Partner, LLC 
4890 W. Kennedy Boulevard, Suite 650
Tampa, FL 33609
ARTICLE 2
Capital Contributions
2.1    Capital Contributions; Interests in the Partnership. The predecessors of the General Partner and the Limited Partner have made capital contributions to the Partnership in exchange for interests in the Partnership, as reflected in the Partnership’s books and records. 
2.2    Additional Capital Contributions.  No Partner shall be required to make any additional capital contribution to the Partnership.
ARTICLE 3
Allocations and Distributions of Partnership Profits
3.1    Allocations of Profits and Losses.  The Partnership’s profits and losses shall be allocated among the Partners 99% to the General Partner and 1% to the Limited Partner.
3.2    Distributions.  Distributions of cash or other assets of the Partnership shall be allocated among the Partners 99% to the General Partner and 1% to the Limited Partner.

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ARTICLE 4
Partnership Management
4.1    Management.  Responsibility for the management of the business and affairs of the Partnership shall be vested in the General Partner, which shall have all right, power and authority to manage, operate and control the business and affairs of the Partnership and to do or cause to be done any and all acts, at the expense of the Partnership, deemed by it to be necessary or convenient to the furtherance of the purpose of the Partnership described in this Agreement, and all powers, statutory or otherwise, possessed by partners of a limited partnership under the Delaware RULPA. Without limiting the generality of the foregoing, the General Partner may appoint, remove and replace officers of the Partnership at any time and from time to time. Unless the General Partner shall take action or adopt a resolution stating otherwise, such officers shall have the power to sign for and bind the Partnership. The General Partner, in its sole discretion, may retain such persons or entities (including any person or entity in which the General Partner or any of its members shall have an interest or of which the General Partner is an affiliate) as it shall determine to provide services to or on behalf of the Partnership for such compensation as the General Partner deems appropriate. Michael A. Seton is hereby designated as an authorized person, within the meaning of the Delaware RULPA, to execute, deliver and file any amendments or restatements to the Certificate of Limited Partnership required by law.
4.2    Officers.  The General Partner may delegate its management rights, power and authority from time to time to one or more officers or agents and may amend or terminate any such delegation.  The General Partner may confirm the fact and terms of each such delegation and of each such amendment and termination in a writing signed by the General Partner.
4.3    Reliance by Third Parties.  Any person or entity dealing with the Partnership shall be entitled to assume that the General Partner has full power and authority to enter into any contracts on behalf of the Partnership and to take any and all actions on behalf of the Partnership.  Each and every certificate, document or other instrument executed on behalf of the Partnership by the General Partner or its representatives shall be conclusive evidence in favor of any and every person and entity relying thereon or claiming thereunder that (i) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (ii) the person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Partnership, and (iii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Partnership.
ARTICLE 5
Admission/Withdrawal of Limited Partners
5.1    Admission of Additional Limited Partners; Withdrawal of Limited Partner.
A.    The General Partner may admit additional persons to the Partnership as limited partners at such times and on such terms as the General Partner may determine in its sole and absolute discretion.

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B.    After the admission of any additional Limited Partners pursuant to this Article 5, the Limited Partner may withdraw from the Partnership, and the Partnership shall continue as a limited partnership under the Delaware RULPA (it being understood that no such withdrawal shall affect the additional Partner's status as an additional Partner if so admitted as such). The Partnership shall continue as a limited partnership under the Delaware RULPA after the admission of any additional Partners pursuant to this Article 5.
ARTICLE 6
Assignments
6.1    Assignments.  Neither the Limited Partner nor any additional Partner may assign any part of its interest in the Partnership without the prior written consent of the General Partner.
ARTICLE 7
Liability and Indemnification
7.1    Indemnification.  
A.    General.  The Partnership shall indemnify each Partner and each officer and director of the Partners and of the Partnership (each, a “Covered Person”) to the fullest extent provided by the Delaware RULPA from and against any and all losses, claims, damages, liabilities, joint or several, expenses (including, without limitation, attorneys’ fees and other legal fees and expenses), judgments, fines, settlements and other amounts, arising from or in connection with any and all claims, demands, actions, suits or proceedings, whether civil, criminal, administrative or investigative, incurred by the Covered Person and relating to the Partnership in which any such Covered Person may be involved, or is threatened to be involved, as a party or otherwise, unless it is established by a final determination of a court of competent jurisdiction that: (i) the act or omission of the Covered Person was material to the matter giving rise to the proceeding and either was committed in bad faith or was the result of active and deliberate dishonesty, (ii) the Covered Person actually received an improper personal benefit in money, property or services or (iii) in the case of any criminal proceeding, the Covered Person had reasonable cause to believe that the act or omission was unlawful.  Without limitation, the foregoing indemnity shall extend to any liability of any Covered Person, pursuant to a loan guarantee, contractual obligation for any indebtedness or other obligation or otherwise, for any indebtedness of Partnership (including, without limitation, any indebtedness which the Partnership has assumed or taken subject to).  The termination of any proceeding by judgment, order or settlement does not create a presumption that the Covered Person did not meet the requisite standard of conduct set forth in this Section 7.2.A.  The termination of any proceeding by conviction or upon a plea of nolo contendere or its equivalent, or an entry of an order of probation prior to judgment does not create a rebuttable presumption that the Covered Person acted in a manner contrary to that specified in this Section 7.2.A with respect to the subject matter of such proceeding.  

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B.    Reimbursement of Expenses.  Reasonable expenses expected to be incurred by a Covered Person shall be paid or reimbursed by the Partnership in advance of the final disposition of any and all claims, demands, actions, suits or proceedings, civil, criminal, administrative or investigative made or threatened against a Covered Person upon receipt by the Partnership of (i) a written affirmation by the Covered Person of the Covered Person’s good faith belief that the standard of conduct necessary for indemnification by the Partnership as authorized in Section 7.2.A has been met and (ii) a written undertaking by or on behalf of the Covered Person to repay the amount if it shall ultimately be determined that the standard of conduct has not been met.
C.    No Limitation of Rights.  The indemnification provided by this Section 7.2 shall be in addition to any other rights to which a Covered Person may be entitled under any agreement, as a matter of law or otherwise, and shall continue as to a Covered Person who has ceased to serve in such capacity unless otherwise provided in a written agreement pursuant to which such Covered Person is indemnified.
ARTICLE 8
Dissolution
8.1    Dissolution.  The Partnership shall dissolve and its affairs shall be wound up upon the unanimous consent of the Partners, or as required by the Delaware RULPA.
ARTICLE 9
Miscellaneous Provisions
9.1    Amendments.  Neither this Agreement nor any term or provision hereof may be amended, waived, modified or supplemented orally, but only by a written instrument signed by all of the Partners.
9.2    Governing Law.  This Agreement and the rights of the parties hereunder shall be governed by and construed in accordance with the laws of the State of Delaware without regard to conflict of laws principles.
9.3    Severability. If any provision of this Agreement or portion thereof, or the application of such provision or portion thereof to any person or circumstance, shall be held invalid, the remainder of this Agreement, or the application of such provision or portion thereof to persons or circumstances other than those to which it is held invalid, shall not be affected thereby.
9.4    Successors and Assigns.  Except as otherwise herein provided, this Agreement shall be binding upon and inure to the benefit of the parties hereto and their successors and permitted assigns, and all other persons hereafter having or holding an interest in the Partnership, whether as assignees, transferees, Limited Partners or otherwise.
9.5    No Third Party Beneficiaries.  The provisions of this Agreement shall not be for the benefit of, nor shall they be enforceable by, any person who is not a party to this Agreement.

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9.6    Counterparts.  This Agreement may be executed in separate counterparts, none of which need contain the signatures of all parties, each of which shall be deemed to be an original, and all of which taken together shall constitute one and the same instrument.
[Signature Page Follows]

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IN WITNESS WHEREOF, the undersigned have caused this Agreement to be duly executed on their behalf, as of the day and year first hereinabove set forth.
	
	
	General Partner:
Carter Validus Operating Partnership II, LP
  By:  Carter Validus Mission Critical REIT II, Inc., its General Partner
By: /s/ Kay C. Neely 
Name:  Kay C. Neely 
Title:    Chief Financial Officer 

	Limited Partner:
CVOP Partner, LLC
  By:  Carter Validus Operating Partnership II, LP, its Sole Member
    By:  Carter Validus Mission Critical REIT II, Inc., its General Partner
By: /s/ Michael A. Seton
Name:  Michael A. Seton 
Title:    Chief Executive Officer and President

[Signature Page to Amended and Restated Agreement of Limited Partnership  
of Carter/Validus Operating Partnership, LP]

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