Document:

DC9111.pdf -- Converted by SEC Publisher 4.2, created by BCL Technologies Inc., for SEC Filing

	
Exhibit 4.3

	
SECOND AMENDED AND RESTATED

DIVIDEND REINVESTMENT PLAN

     Wells Real Estate Investment Trust II, Inc., a Maryland corporation (the “Company”), has adopted a Dividend Reinvestment Plan (the “DRP”), the terms and conditions of which
are set forth below. Capitalized terms shall have the same meaning as set forth in the Company’s charter unless otherwise defined herein.

1. Number of Shares Issuable. The number of shares of Common Stock authorized for issuance under the 

DRP is 185,000,000.

     2. Participants. “Participants” are holders of the Company’s shares of Common Stock who elect to
participate in the DRP.

     3. Dividend Reinvestment. The Company will apply that portion (as designated by a Participant) of the dividends and
other distributions (“Distributions”) declared and paid in respect of a Participant’s shares of Common Stock to the purchase of additional shares of Common Stock for such Participant. To the extent required by state securities laws,
such shares will be sold through the broker-dealer and/or dealer manager through whom the Company sold the underlying shares to which the Distributions relate unless the Participant makes a new election through a different distribution channel. The
Company will pay no selling commissions or the dealer manager fee in connection with the purchase of additional shares of Common Stock hereunder.

     4. Procedures for Participation. Qualifying stockholders may elect to become a Participant by completing and executing
an enrollment form or any other Company-approved authorization form as may be available from the Company, the dealer manager or participating broker-dealers. To increase their participation, Participants must complete a new enrollment form and, to
the extent required by state securities laws, make the election through the dealer manager or the Participant’s broker-dealer, as applicable. Participation in the DRP will begin with the next Distribution payable after receipt of a
Participant’s enrollment or authorization. Shares will be purchased under the DRP on the date that the Company makes a Distribution. Distributions will be paid quarterly based on daily record dates as authorized and declared by the
Company’s board of directors.

     5. Purchase of Shares. Until the Company announces an estimated value per share of Common Stock that is not based on the
price to acquire Common Stock in a public offering, Participants will acquire Common Stock at a price of $9.55 per share. Upon the Company’s announcement in a public filing with the Securities and Exchange Commission that the Company has
established an estimated value per share of Common Stock that is not based on the price to acquire Common Stock in a public offering, Participants will acquire Common Stock at a price equal to 95.5% of the estimated value per share of the
Company’s Common Stock. Participants in the DRP may also purchase fractional shares so that 100% of the Distributions will be used to acquire shares. However, a Participant will not be able to acquire shares under the DRP to the extent such
purchase would cause it to exceed the Ownership Limit (unless exempted by the Company’s board of directors).

     6. Taxation of Distributions. The reinvestment of Distributions in the DRP does not relieve Participants of any taxes
that may be payable as a result of those Distributions and their reinvestment pursuant to the terms of this DRP.

     7. Share Certificates. The shares issuable under the DRP shall be uncertificated until the board of directors determines
otherwise.

     8. Voting of DRP Shares. In connection with any matter requiring the vote of the Company’s stockholders, each
Participant will be entitled to vote all of the shares, including fractional shares, acquired by the Participant through the DRP.

     9. Reports. Within 90 days after the end of the calendar year, the Company shall provide each Participant with (i) an
individualized report on the Participant’s investment, including the purchase date(s), purchase price and number of shares owned, as well as the amount of Distributions received during the prior year; and (ii) all material information regarding
the DRP and the effect of reinvesting dividends, including the tax consequences thereof.

     10. Termination by Participant. A Participant may terminate participation in the DRP at any time by delivering to the
Company a written notice. To be effective for any Distribution, such notice must be received by the Company at least 10 business days prior to the last day of the fiscal period to which the Distribution relates. Any transfer of shares by a
Participant will terminate participation in the DRP with respect to the transferred shares. Upon termination of DRP participation, Distributions will be distributed to the stockholder in cash.

     11. Amendment or Termination of DRP by the Company. The board of directors of the Company may amend or terminate the DRP
for any reason; provided that any amendment that adversely affects the rights or obligations of a Participant (as determined in the sole discretion of the board of directors) shall only take effect upon 10 days’ written notice to the
Participants.

     12. Liability of the Company. The Company shall not be liable for any act done in good faith, or for any good faith
omission to act.

	
13.      		
Governing Law. This DRP shall be governed by the laws of the State of Maryland.	
	 
	
14.      		
Effective Date. The DRP became effective on November 26, 2003. This second amended and restated	
	 

	
DRP is effective as of July 21, 2010.DC9112.pdf -- Converted by SEC Publisher 4.2, created by BCL Technologies Inc., for SEC Filing

	
Exhibit 4.4

AMENDED AND RESTATED SHARE REDEMPTION PROGRAM (approved July 21, 2010)

     The board of directors of Wells Real Estate Investment Trust II, Inc., a Maryland corporation (the “Company”),
has adopted this Amended and Restated Share Redemption Program (the “SRP”), the terms and conditions of which are set forth below. Capitalized terms shall have the
same meaning as set forth in the Company’s charter unless otherwise defined herein.

     1. Share Redemption. Subject to the terms and conditions of this SRP, including the limitations on redemptions set forth
in paragraph 3 and the procedures for redemption set forth in paragraph 4, the Company will redeem such number of shares of the Company’s Common Stock (“Shares”)
as requested by a stockholder or the authorized representative of a stockholder.

     2. Redemption Price. The price at which the Company will redeem a Share depends on whether the redemption is sought
within two years of a stockholder’s death or Qualifying Disability (as defined in paragraph 6 below). The redemption of a Share that is not sought within two years of a stockholder’s death or Qualifying Disability is referred to as an
“Ordinary Redemption.”

     a. The price that the Company will pay to redeem a Share pursuant to an Ordinary Redemption is as follows:

     i. prior to the date on which the Company publishes an estimated per Share value based in part on an estimate of the value of the Company’s assets (as opposed to an estimate based solely
on the most recent price paid for a Share in a public offering of Shares) (the “Net Asset Value Publication Date”), 60.0% of the price at which the Share was originally issued by the Company (as adjusted for any stock dividends,
combinations, splits, recapitalizations and the like with respect to the Shares) less the aggregate distributions per Share of any net sale proceeds from the sale of one or more of the Company’s assets, or other special distributions so
designated by the Board of Directors, distributed to stockholders prior to the Redemption Date (as defined below); and

     ii. on or after the Net Asset Value Publication Date, 95.0% of the estimated per Share value. 

     b. The price that the Company will pay to redeem a Share within two years of a stockholder’s death or Qualifying Disability (as defined in paragraph 6 below) is as follows:

     i. prior to the Net Asset Value Publication Date, the price paid to acquire the Share from the Company; and

     ii. on or after the Net Asset Value Publication Date, the estimated per share value of the Common Stock, as determined by the Company’s advisor or another firm chosen for that
purpose.

     The Net Asset Value Publication Date is expected to occur no later than 18 months after the termination of an offering of Shares by the Company if no other public offering of Shares commences
within such 18-month period. An “offering” referred to in the foregoing sentence shall not include offerings on behalf of selling stockholders or offerings related to any dividend 

reinvestment plan, employee benefit plan, or the redemption of interests in Wells Operating Partnership II, L.P., the Company’s operating partnership. On or after the date on which the Company completes its offering
stage, the Company will report the redemption price in its annual report and three quarterly reports publicly filed with the Securities and Exchange Commission.

     3. Limitations on Redemption. Notwithstanding anything contained in this SRP to the contrary, the Company’s
obligation to redeem Shares pursuant to paragraph 1 hereof is limited as follows:

     a. The Company will not redeem Shares from those who purchased their Shares from another stockholder if the date of such purchase is after the date of the announcement of the amendments to this
SRP approved on July 21, 2010. A “purchase” shall not include transfers by gift, transfers by inheritance, intrafamily transfers, transfers as a result of family dissolutions, transfers to affiliates and transfers by operation of law. For
the avoidance of doubt, once Shares are transferred for value by a stockholder, if such transfer occurs after the date of the announcement referenced above, the transferee and all subsequent holders of the Shares are not eligible to participate in
this SRP.

     b. Except as set forth in paragraph 5(a) below, the Company will not make an Ordinary Redemption of a Share until such Share has been issued and outstanding for at least one year, provided
that, if the Company is redeeming all of a stockholder’s Shares, then the Company will redeem Shares purchased by such stockholder pursuant to the Company’s dividend reinvestment plan even if such Shares have not been issued and
outstanding for at least one year.

     c. The Company will not redeem Shares on any Redemption Date to the extent that such redemptions would cause the total number of Shares redeemed for Ordinary Redemptions and for redemptions
sought within two years of a stockholder’s Qualifying Disability (as defined in paragraph 5 below) during the then-current calendar year to exceed 5% of the weighted-average number of Shares outstanding in the prior calendar year. Redemption
requests precluded by this limit will not be considered for the limit below.

     d. The Company will not redeem Shares on any Redemption Date to the extent that such redemption would cause both (i) the aggregate amount paid for all redemptions (including those within two
years of a stockholder’s death) during the then-current calendar year to exceed 100% of the net proceeds from the Company’s dividend reinvestment plan during such calendar year and (ii) the total number of all Shares redeemed (including
those within two years of a stockholder’s death) during the then-current calendar year to exceed 5% of the weighted-average number of Shares outstanding in the prior calendar year.

e. No Ordinary Redemptions shall be effected before September 30, 2010.

     4. Procedures for Redemption. The Company will redeem Shares on the last business day of each month (each such date, a
“Redemption Date”) and in all events on a date other than a dividend payment date. For a stockholder’s Shares to be eligible for redemption on a given Redemption
Date, the Company must receive a written redemption request from the stockholder or from an authorized representative of the stockholder setting forth the number of Shares requested to be redeemed at least five business days before the Redemption
Date. If the Company cannot repurchase all Shares presented for redemption in any month because of the limitations on redemption set forth in paragraphs 3(a) and (b), then the Company will honor redemption requests on a pro rata basis, except that
(i) if a pro rata redemption would result in a stockholder owning less than half of the minimum amount required by applicable state law (the 

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“Minimum Purchase Requirement”), then the Company would redeem all of such stockholder’s Shares; and (ii) if a pro rata redemption
would result in a stockholder owning more than half but less than all of the Minimum Purchase Requirement, then the Company would not redeem any Shares that would reduce a stockholder’s ownership of Shares below the Minimum Purchase
Requirement.

     If the Company does not completely satisfy a redemption request at month-end because the Company did not receive the request in time or because of the limitations on redemption set forth in
paragraphs 3(a) and (b), then the Company will treat the unsatisfied portion of the redemption request as a request for redemption at the next Redemption Date on which funds are available for redemption, unless the redemption request is withdrawn;
provided, however, that unsatisfied requests for Ordinary Redemptions received prior to the date on which the Company notifies its stockholders of the amendments set forth in this SRP which were approved on July 21, 2010, shall be treated as
withdrawn in light of the change in redemption price effected by the amendment. Any stockholder can withdraw a redemption request by sending written notice to the Company at the address set forth in paragraph 8, provided such notice is received
before the Redemption Date.

5. Special Provisions upon the Death or Qualifying Disability of a Stockholder.

Notwithstanding anything herein to the contrary, the Company will treat redemption requests sought within two years of a stockholder’s death or Qualifying Disability differently than Ordinary Redemptions, as
follows:

     a. There is no requirement that Shares be issued and outstanding for at least one year before being redeemed; and

b. The special redemption pricing terms set forth in Paragraph 2.b. will

	
apply.

     Except as specifically set forth in paragraph 3 and this paragraph 5, redemptions upon the death or Qualifying Disability of a stockholder are subject to the same limitations and terms and
conditions as other redemptions, including the redemption request procedures set forth in paragraph 4. A stockholder that is a trust may only redeem on the terms available in connection with the death or Qualifying Disability of a stockholder if the
deceased or disabled was the sole beneficiary of the trust or if the only other beneficiary of the trust was the spouse of the deceased or disabled.

     6. Qualifying Disability Determinations. In order for a stockholder’s disability to entitle such stockholder to the
special redemption terms described in paragraph 5 (a “Qualifying Disability”), (1) the stockholder must receive a determination of disability based upon a physical or
mental condition or impairment arising after the date the stockholder acquired the Shares to be redeemed, and (2) such determination of disability must be made by the governmental agency responsible for reviewing the disability retirement benefits
that the stockholder could be eligible to receive (the “Applicable Government Agency”). The Applicable Government Agencies are limited to the following: (i) if the
stockholder paid Social Security taxes and, therefore, could be eligible to receive Social Security disability benefits, then the Applicable Governmental Agency is the Social Security Administration or the agency charged with responsibility for
administering Social Security disability benefits at that time if other than the Social Security Administration; (ii) if the stockholder did not pay Social Security taxes and, therefore, could not be eligible to receive Social Security disability
benefits, but the stockholder could be eligible to receive disability benefits under the Civil Service Retirement System (“CSRS”), then the Applicable
Governmental

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Agency is the U.S. Office of Personnel Management or the agency charged with responsibility for administering CSRS benefits at that time if other than the Office of Personnel Management; or (iii) if the stockholder did not
pay Social Security taxes and, therefore, could not be eligible to receive Social Security benefits but suffered a disability that resulted in the stockholder’s discharge from military service under conditions that were other than dishonorable
and, therefore, could be eligible to receive military disability benefits, then the Applicable Governmental Agency is the Department of Veterans Affairs or the agency charged with the responsibility for administering military disability benefits at
that time if other than the Department of Veterans Affairs.

     A disability determination by a governmental agency for purposes other than those listed above, including but not limited to worker’s compensation insurance, administration or enforcement
of the Rehabilitation Act or Americans with Disabilities Act, or waiver of insurance premiums will not be considered a Qualifying Disability. Redemption requests following an award by the Applicable Governmental Agency of disability benefits must be
accompanied by: (1) the investor’s initial application for disability benefits and (2) a Social Security Administration Notice of Award, a U.S. Office of Personnel Management determination of disability under CSRS, a Department of Veterans
Affairs record of disability-related discharge or such other documentation issued by the Applicable Governmental Agency that the Company deems acceptable and that demonstrates an award of the disability benefits.

     Because the following disabilities do not entitle a worker to Social Security disability benefits, they will not be considered Qualifying Disabilities, except in the limited circumstances when
the investor is awarded disability benefits by the other Applicable Governmental Agencies described above:

	
a.      		
disabilities occurring after the legal retirement age;	
	 
	
b.      		
temporary disabilities; and	
	 
	
c.      		
disabilities that do not render a worker incapable of performing	
	 

	
substantial gainful activity.

7. Termination, Suspension or Amendment of the SRP by the Company. The 

Company may amend, suspend or terminate the SRP for any reason upon 30 days’ notice to the Company’s stockholders. The Company is not restricted in the manner in which it may notify stockholders of an amendment,
suspension or termination of the SRP. Notwithstanding the foregoing, until a secondary market develops for the Shares, or until the Company’s board of directors decides to commence a liquidation of the Company, the Company may not amend the SRP
in a way that materially adversely affects the rights of redeeming heirs without approval of the Company’s stockholders.

     The SRP provides stockholders a limited ability to redeem Shares for cash until a secondary market develops for the Shares. If and when such a secondary market develops, the SRP will terminate
automatically.

     8. Address for Notice of Redemption Requests. Stockholders who desire to redeem their Shares must provide written notice
to Wells Investment Securities, at 6200 The Corners Parkway, Suite 250, Norcross, GA 30092, ATTN: Investor Services.

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     9. Liability of the Company. The Company shall not be liable for any act done in good faith or for any good faith
omission to act.

     10. Governing Law. The SRP shall be governed by the laws of the State of Maryland.

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