Document:

exv4w4

Exhibit 4.4

AMENDED AND RESTATED ESCROW AGREEMENT

CommerceWest Bank, N.A.

2111 Business Center Drive

Irvine, California 92612

          Re:     Grubb & Ellis Healthcare REIT II, Inc. 

Ladies and Gentlemen:

GRUBB & ELLIS HEALTHCARE REIT II, INC., a Maryland corporation (the “Company”), will issue
in a public offering (the “Offering”) shares of its common stock (the “Stock”)
pursuant to a registration statement on Form S-11 filed by the Company with the Securities and
Exchange Commission. GRUBB & ELLIS SECURITIES, INC., a California corporation (the “Dealer
Manager”), will act as dealer manager for the offering of the Stock. The Company is entering
into this Amended and Restated Escrow Agreement (the “Agreement”) to set forth the terms on
which CommerceWest Bank, N.A. (the “Escrow Agent”) will, except as otherwise provided
herein, hold and disburse the proceeds from subscriptions for the purchase of the Stock in the
Offering until such time as (i) in the case of subscriptions received from all nonaffiliates of the
Company,
other than from residents of Tennessee,
the Company has received subscriptions for Stock resulting in a total of 200,000 shares of
common stock sold in the Offering (the “Required Capital”); and (ii) in the case of
subscriptions received from residents of Tennessee (“Tennessee Subscribers”), the Company
has received subscriptions for Stock from nonaffiliates of the Company resulting in a total of
1,000,000 shares of common stock sold in the Offering (the “Tennessee Required Capital”).

This Agreement amends, restates and replaces in full that certain Amended and Restated Escrow
Agreement, dated as of June 23, 2009, by and between the Company, the Dealer Manager and the Escrow
Agent. The Company hereby appoints CommerceWest Bank, N.A. as Escrow Agent for purposes of holding
the proceeds from the subscriptions for the Stock, on the terms and conditions hereinafter set
forth:

1. Until such time as the Company has received subscriptions for Stock resulting in total minimum
capital raised equal to the Required Capital and such funds are disbursed from the Escrow Account
(as defined below) in accordance with paragraph 3(a) hereof, persons subscribing to purchase the
Stock (the “Subscribers”) will be instructed by the Dealer Manager or any soliciting
dealers to remit the purchase price in the form of checks, drafts, wires, Automated Clearing House
(ACH) or money orders (hereinafter, the “instrument of payment”), payable to the order of
“CommerceWest Bank, N.A., Agent for Grubb & Ellis Healthcare REIT II, Inc.” After subscriptions
are received resulting in total minimum capital raised equal to the Required Capital and such funds
are disbursed from the Escrow Account in accordance with paragraph 3(a) hereof, subscriptions shall
be continue to be so submitted and paid for by delivering a check for the full purchase price made
payable to “Grubb & Ellis Healthcare REIT II, Inc.”; provided, however, that Tennessee Subscribers
shall continue to make checks payable to the order of “CommerceWest Bank, N.A., Agent for Grubb &
Ellis Healthcare REIT II, Inc.” until subscriptions are received resulting in total minimum capital
raised equal to the Tennessee Required Capital and such funds are disbursed from the Tennessee
Escrow Account (as defined below) in accordance with paragraph 3(a) hereof. Within one (1)
business day after receipt of instrument of payment from the Offering, the Dealer Manager, the
Company or their respective agents will (a) send to the Escrow Agent a copy of the relevant part of
each Subscriber’s subscription agreement showing the Subscriber’s name, address, tax identification
number (Substitute IRS Form W-9), number of shares purchased, and purchase price remitted, and (b)
deposit the instrument of payment from such Subscribers using the Escrow Agent’s

 

electronic facilities, into an interest-bearing deposit account entitled “Escrow Account for the
Benefit of Subscribers for Common Stock of Grubb & Ellis Healthcare REIT II, Inc.” (the “Escrow
Account”), until such Escrow Account has closed pursuant to paragraph 3(a) hereof. Instruments
of payment received from Tennessee Subscribers (as identified as such by the Company) shall be
accounted for separately in a subaccount entitled “Escrow Account for the Benefit of Tennessee
Subscribers for Common Stock of Grubb & Ellis Healthcare REIT II, Inc.” (the “Tennessee Escrow
Account”), until such Tennessee Escrow Account has closed pursuant to paragraph 3(a) hereof.
Each of the Escrow Account and the Tennessee Escrow Account will be established and maintained in
such a way as to permit the interest income calculations described in paragraph 7. The Company
shall, and shall cause its agents to, cooperate with the Escrow Agent in separately accounting for
Tennessee subscription proceeds in the Tennessee Escrow Account, and the Escrow Agent shall be
entitled to rely upon information provided by the Company or its agents in this regard.

2. The Escrow Agent agrees to promptly process for collection the instrument of payment upon
deposit into the Escrow Account or the Tennessee Escrow Account, as applicable. Deposits shall be
held in the Escrow Account and the Tennessee Escrow Account, as applicable, until such funds are
disbursed in accordance with paragraph 3 hereof. Prior to disbursement of the funds deposited in
the Escrow Account or the Tennessee Escrow Account, such funds shall not be subject to claims by
creditors of the Company, the Dealer Manager, any soliciting dealer or any of their respective
affiliates. If the instrument of payment is returned to the Escrow Agent for nonpayment prior to
receipt of the Required Capital or, in connection with subscriptions from Tennessee Subscribers,
the Tennessee Required Capital, the Escrow Agent shall promptly notify the Dealer Manager and the
Company in writing via mail, email or facsimile of such nonpayment, and is authorized to debit the
Escrow Account or the Tennessee Escrow Account, as applicable, in the amount of such returned
payment as well as any interest earned on the amount of such payment.

3. (a) Subject to the provisions of subparagraphs 3(b)-3(d) below,

          (i) Once the collected funds in the Escrow Account are an amount equal to or greater than the
Required Capital, the Escrow Agent shall, upon receiving written instruction from the Dealer
Manager or the Company, (A) disburse to the Company, by check, ACH or wire transfer, the funds in
the Escrow Account representing the gross purchase price for the Stock, and (B) within five
business days after the first business day of the succeeding month, disburse to the Subscribers or
the Company, as applicable, any interest thereon pursuant to the provisions of subparagraph 3(d).
After such time the Escrow Account shall remain open and the Dealer Manager or Company shall
continue to cause subscriptions for the Stock that are not to be deposited in the Tennessee Escrow
Account to be deposited therein until the Company informs the Escrow Agent in writing to close the
Escrow Account. For purposes of this Agreement, the term “collected funds” shall mean all funds
received by the Escrow Agent that have cleared normal banking channels and are in the form of cash
or cash equivalent. After the satisfaction of the aforementioned provisions of this
paragraph 3(a)(i), in the event the Company receives subscriptions made payable to the Escrow Agent
(other than subscriptions that are to be deposited in the Tennessee Escrow Account), subscription
proceeds may continue to be received in this account generally, but to the extent such proceeds
shall not be subject to escrow due to the satisfaction of the aforementioned provisions of this
paragraph 3(a)(i), such proceeds are not subject to this Agreement and at the instruction of the
Dealer Manager or the Company to the Escrow Agent shall be transferred from the Escrow Account to
the Company.

          (ii) Regardless of any release of funds from, or the closing of, the Escrow Account, the
Company, the Dealer Manager and soliciting dealers shall continue to forward instruments of payment
received from Tennessee Subscribers for deposit into the Tennessee Escrow Account to the Escrow
Agent until such time as Dealer Manager or the Company notifies the Escrow Agent in writing that
total

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subscription proceeds (including the amount then in the Tennessee Escrow Account) equal or
exceed the Tennessee Required Capital. Upon the receipt by the Escrow Agent of such notice, the
Escrow Agent shall (A) disburse to the Company, by check, ACH or wire transfer, the funds in the
Tennessee Escrow Account representing the gross purchase price for the Stock, and (B) within five
business days after the first business day of the succeeding month, disburse to the Tennessee
Subscribers or the Company, as applicable, any interest thereon pursuant to the provisions of
subparagraph 3(d). Following such disbursements, the Escrow Agent shall close the Tennessee Escrow
Account, and thereafter any instruments of payment received by the Escrow Agent from Tennessee
Subscribers shall not be subject to this Escrow Agreement and shall be deposited directly into the
Escrow Account (or to the Company, if it has closed the Escrow Account, as instructed in writing by
the Company pursuant to subparagraph 3(a)(i) above).

     (b) Within four business days of the close of business on the date that is one year following
commencement of the Offering (the “Expiration Date”), the Escrow Agent shall promptly
notify the Company if it is not in receipt of evidence of deposits for the purchase of Stock
providing for aggregate offering proceeds that equal or exceed the Required Capital (from all
sources but exclusive of any funds received from subscriptions for Stock from entities which the
Company has notified the Escrow Agent are affiliated with the Company). Within ten days following
the date of such notice, the Escrow Agent shall promptly return directly to each Subscriber the
collected funds deposited in the Escrow Account and the Tennessee Escrow Account on behalf of such
Subscriber, or shall return the instrument of payment delivered, but not yet processed for
collection prior to such time, in either case, together with interest income (which interest shall
be paid within five business days after the first business day of the succeeding month) in the
amounts calculated pursuant to paragraph 7 for each Subscriber at the address provided by the
Dealer Manager or the Company to the Escrow Agent, which the Escrow Agent shall be entitled to rely
upon. However, the Escrow Agent shall not be required to remit any payments until the Escrow Agent
has collected funds represented by such payments.

     (c) If the Company rejects any subscription for which the Escrow Agent has collected funds,
the Escrow Agent shall, upon the written request of the Dealer Manager or the Company, promptly
issue a refund to the rejected Subscriber at the address provided by the Dealer Manager or the
Company, which the Escrow Agent shall be entitled to rely upon. If the Company rejects any
subscription for which the Escrow Agent has not yet collected funds but has submitted the
Subscriber’s check for collection, the Escrow Agent shall promptly return the funds in the amount
of the Subscriber’s check to the rejected Subscriber, at the address provided by the Dealer Manager
or the Company or their respective agents, which the Escrow Agent shall be entitled to rely upon,
after such funds have been collected.

     (d) At any time after funds are disbursed upon the Company’s acceptance of subscriptions
pursuant to subparagraph 3(a) above on the fifth business day following the first business day of
the next succeeding month following the date of such acceptance, the Escrow Agent shall promptly
provide directly to each Subscriber the amount of the interest payable to the Subscribers.
However, the Escrow Agent shall not be required to remit any payments until the Escrow Agent has
collected funds represented by such payments. The forgoing notwithstanding, interest, if any,
earned on accepted subscription proceeds will be payable to a Subscriber only if the Subscriber’s
funds have been held in escrow by the Escrow Agent for at least 35 days; interest, if any, earned
on accepted subscription proceeds of Subscribers’ funds held less than 35 days will be payable to
the Company.

     In the event that the instrument of payment are returned for nonpayment, the Escrow Agent is
authorized to debit the Escrow Account or the Tennessee Escrow Account, as applicable, in
accordance with paragraph 2 hereof.

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4. The Escrow Agent shall provide the Dealer Manager and the Company with electronic access to view
the account balance and account activity in the Escrow Account and the Tennessee Escrow Account and
shall provide the Company printed monthly statements (or more frequently as reasonably requested by
the Company) on the account balance in each of the Escrow Account and the Tennessee Escrow Account,
and the activity in such accounts since the last report.

5. Prior to the disbursement of funds deposited in the Escrow Account or the Tennessee Escrow
Account in accordance with the provisions of paragraph 3 hereof, the Escrow Agent shall invest all
of the funds deposited as well as earnings and interest derived therefrom in the Escrow Account or
the Tennessee Escrow Account, as applicable, in the “Short-Term Investments” specified below at the
written direction of the Company, unless the costs to the Company for the making of such investment
are reasonably expected to exceed the anticipated interest earnings from such investment in which
case the funds and interest thereon shall remain in the respective escrow account until the balance
in the respective escrow account reaches the minimum amount necessary for the anticipated interest
earnings from such investment to exceed the costs to the Company for the making of such investment,
as determined by the Company based upon applicable interest rates.

     “Short-Term Investments” include obligations of, or obligations guaranteed by, the United
States government or bank money-market accounts or certificates of deposit of national or state
banks that have deposits insured by the Federal Deposit Insurance Corporation (including
certificates of deposit of any bank acting as a depository or custodian for any such funds) which
mature on or before the Expiration Date, unless such instrument cannot be readily sold or otherwise
disposed of for cash by the Expiration Date without any dissipation of the offering proceeds
invested. Without limiting the generality of the foregoing, Exhibit A hereto sets forth
specific Short-Term Investments that shall be deemed permissible investments hereunder.

The following securities are not permissible investments:

	 	(a)	 	money market funds;
	 
	 	(b)	 	corporate equity or debt securities;
	 
	 	(c)	 	repurchase agreements;
	 
	 	(d)	 	bankers’ acceptances;
	 
	 	(e)	 	commercial paper; and
	 
	 	(f)	 	municipal securities.

It is hereby expressly agreed and stipulated by the parties hereto that the Escrow Agent shall not
be required to exercise any discretion hereunder and shall have no investment or management
responsibility and, accordingly, shall have no duty to, or liability for its failure to, provide
investment recommendations or investment advice to the parties hereto. It is the intention of the
parties hereto that the Escrow Agent shall never be required to use, advance or risk its own funds
or otherwise incur financial liability in the performance of any of its duties or the exercise of
any of its rights and powers hereunder.

6. The Escrow Agent is entitled to rely upon written instructions received from the Company or the
Dealer Manager or their respective agents, unless the Escrow Agent has actual knowledge that such
instructions are not valid or genuine; provided that, if in the Escrow Agent’s opinion, any
instructions from the Company or the Dealer Manager or their respective agents are unclear, the
Escrow Agent may request clarification from the Company or the Dealer Manager or their respective
agents, as applicable, prior to taking any action, and if such instructions continue to be unclear,
the Escrow Agent may rely upon written instructions from the Company’s legal counsel in
distributing or continuing to hold any funds. However, the Escrow Agent shall not be required to
disburse any funds attributable to the instrument of payment that have not been processed for
collection, until such funds are collected and then

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shall disburse such funds in compliance with the disbursement instructions from the Company or the
Dealer Manager or their respective agents.

7. If the Offering terminates prior to receipt of the Required Capital or, with respect to
Tennessee Subscribers, the Tennessee Required Capital, interest income earned on subscription
proceeds deposited in the Escrow Account (the “Escrow Income”) or the Tennessee Escrow
Account (the “Tennessee Escrow Income”), shall be remitted to Subscribers to the address
provided by the Dealer Manager or the Company to the Escrow Agent, which the Escrow Agent shall be
entitled to rely upon, or to the Company if the applicable Subscriber’s funds have been held in
escrow by the Escrow Agent for less than 35 days, in accordance with paragraph 3 and without any
deductions for escrow expenses. The Company shall reimburse the Escrow Agent for all escrow
expenses. If the Escrow Agent remits interest income pursuant to this Agreement, the Escrow Agent
shall be responsible for any necessary federal tax reporting associated with such income; provided,
however, that the Escrow Agent shall not be responsible for any other tax reporting associated with
this Agreement. The Escrow Agent shall remit all such Escrow Income and Tennessee Escrow Income in
accordance with paragraph 3. If the Company chooses to leave the Escrow Account open after
receiving the Required Capital then it shall make regular acceptances of subscriptions therein, but
no less frequently than monthly, and the Escrow Income from the last such acceptance shall be
calculated and remitted to the Subscribers or the Company, as applicable, pursuant to the
provisions of paragraph 3(d).

8. The Escrow Agent shall receive compensation from the Company as set forth in Exhibit B
attached hereto, which such Exhibit B is hereby incorporated by reference.

9. In performing any of its duties hereunder, the Escrow Agent shall not incur any liability to
anyone for any damages, losses, or expenses, except for willful misconduct, breach of trust, or
gross negligence. Accordingly, the Escrow Agent shall not incur any such liability with respect to
any action taken or omitted (a) in good faith upon advice of the Escrow Agent’s counsel given with
respect to any questions relating to the Escrow Agent duties and responsibilities under this
Agreement, or (b) in reliance upon any instrument, including any written instrument or instruction
provided for in this Agreement, not only as to its due execution and validity and effectiveness of
its provisions but also as to the truth and accuracy of information contained therein, which the
Escrow Agent shall in good faith believe to be genuine, to have been signed or presented by a
proper person or persons and to conform to the provisions of this Agreement.

10. The Company and the Dealer Manager hereby agree to indemnify and hold the Escrow Agent harmless
against any and all losses, claims, damages, liabilities, and expenses, including reasonable
attorneys’ fees and disbursements, that may be imposed on or incurred by the Escrow Agent in
connection with acceptance of appointment as the Escrow Agent hereunder, or the performance of the
duties hereunder, including any litigation arising from this Agreement or involving the subject
matter hereof, except where such losses, claims, damages, liabilities, and expenses result from
willful misconduct, breach of trust, or gross negligence on the part of the Escrow Agent. Venue
for any action or litigation arising between or among the Company and/or Dealer Manager on one hand
and the Escrow Agent on the other hand involving the subject matter hereof shall lie exclusively in
Orange County, California.

11. In the event of a dispute between the parties hereto sufficient in the Escrow Agent’s
discretion to justify doing so, the Escrow Agent shall be entitled to tender into the registry or
custody of any court of competent jurisdiction all money or property in its hands under this
Agreement, together with such legal pleadings as deemed appropriate, and thereupon be discharged
from all further duties and liabilities under this Agreement. In the event of any uncertainty as to
the duties hereunder, the Escrow Agent may refuse to act under the provisions of this Agreement
pending order of a court of competent jurisdiction and shall

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have no liability to the Company or to any other person as a result of such action. Any such legal
action may be brought in such court, as the Escrow Agent shall determine to have jurisdiction
thereof. The filing of any such legal proceedings shall not deprive the Escrow Agent of its
compensation earned prior to such filing.

12. All communications and notices required or permitted by this Agreement shall be in writing and
shall be deemed to have been given when delivered personally or by messenger or by overnight
delivery service or when received via telecopy or other electronic transmission, in all cases
addressed to the person for whom it is intended at such person’s address set forth below or to such
other address as a party shall have designated by notice in writing to the other party in the
manner provided by this paragraph:

	 	(a)	 	if to the Company:
	 
	 	 	 	Grubb & Ellis Healthcare REIT II, Inc.

1551 N. Tustin Avenue, Suite 300

Santa Ana, California 92705

Attention: Jeffrey T. Hanson
	 
	 	(b)	 	if to the Dealer Manager:
	 
	 	 	 	Grubb & Ellis Securities, Inc.

4 Hutton Centre Drive, Suite 700

Santa Ana, CA 92707

Facsimile No.: (866) 508-4705

Attention: Kevin K. Hull, CEO and President
	 
	 	(c)	 	if to the Escrow Agent:
	 
	 	 	 	CommerceWest Bank, N.A.

2111 Business Center Drive

Irvine, California 92612

Attention: Judy Pollock

Each party hereto may, from time to time, change the address to which notices to it are to be
delivered or mailed hereunder by notice in accordance herewith to the other parties.

13. This Agreement shall be governed by the laws of the State of California as to both
interpretation and performance without regard to the conflict of laws rules thereof.

14. The provisions of this Agreement shall be binding upon the legal representatives, successors,
and assigns of the parties hereto.

15. The Company and the Dealer Manager hereby acknowledge that CommerceWest Bank, N.A.

is serving as Escrow Agent only for the limited purposes herein set forth, and hereby agree that
they will not represent or imply that, by serving as Escrow Agent hereunder or otherwise, have
investigated the desirability or advisability of investment in the Company or have approved,
endorsed, or passed upon the merits of the Stock or the Company, nor shall they use the name of the
Escrow Agent in any manner whatsoever in connection with the offer or sale of the Stock other than
by acknowledgment that is has agreed to serve as Escrow Agent for the limited purposes herein set
forth.

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16. This Agreement and any amendment hereto may be executed by the parties hereto in one or more
counterparts, each of which shall be deemed to be an original.

17. In the event that the Dealer Manager receives the instrument of payment after the Required
Capital or the Tennessee Required Capital, as applicable, has been received and the proceeds of the
Escrow Account or the Tennessee Escrow Account, as applicable, have been distributed to the
Company, the Escrow Agent is hereby authorized to deposit such instrument of payment within one (1)
business day to any deposit account as directed by the Company. The application of said funds into
a deposit account or to forward such funds directly to the Company, in either case directed by the
Company, shall be a full acquittance to the Escrow Agent, who shall not be responsible for the
application of said funds thereafter.

18. The Escrow Agent shall be bound only by the terms of this Agreement and shall not be bound by
or incur any liability with respect to any other agreements or understanding between any other
parties, whether or not the Escrow Agent has knowledge of any such agreements or understandings.

19. Indemnification provisions set forth herein shall survive the termination of this Agreement.

20. In the event that any part of this Agreement is declared by any court or other judicial or
administrative body to be null, void, or unenforceable, said provision shall survive to the extent
it is not so declared, and all of the other provisions of this Agreement shall remain in full force
and effect.

21. Unless otherwise provided in this Agreement, final termination of this Agreement shall occur on
the date that all funds held in the Escrow Account and the Tennessee Escrow Account are distributed
either (a) to the Company or to Subscribers and the Company has informed the Escrow Agent in
writing to close the Escrow Account pursuant to paragraph 3 hereof or (b) to a successor escrow
agent upon written instructions from the Company.

22. Neither the Escrow Agent, nor its agents, shall have responsibility for accepting, rejecting,
or approving subscriptions. The Escrow Agent, or its agent, shall complete an OFAC search, in
compliance with its policy and procedures, of each subscription check and shall inform the Company
if a subscription check fails the OFAC search. The Dealer Manager shall provide a copy of each
subscription check in order that the Escrow Agent, or its agent, may perform such OFAC search.

23. This Agreement shall not be modified, revoked, released, or terminated unless reduced to
writing and signed by all parties hereto, subject to the following paragraph.

If, at any time, any attempt is made to modify this Agreement in a manner that would increase the
duties and responsibilities of the Escrow Agent or to modify this Agreement in any manner which the
Escrow Agent shall deem undesirable, or at any other time, the Escrow Agent may resign by providing
written notice to the Company and until (a) the acceptance by a successor escrow agent as shall be
appointed by the Company; or (b) sixty (60) days after such written notice has been given,
whichever occurs sooner, the Escrow Agent’s only remaining obligation shall be to perform its
duties hereunder in accordance with the terms of the Agreement.

24. The Escrow Agent may resign at any time from its obligations under this Agreement by providing
written notice to the Company. Such resignation shall be effective on the date specified in such
notice, which shall be not less than thirty (30) days after such written notice has been given.
The Escrow Agent shall have no responsibility for the appointment of a successor escrow agent.

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25. The Escrow Agent may be removed for cause by the Company by written notice to the Escrow Agent
effective on the date specified in such written notice. The removal of the Escrow Agent shall not
deprive the Escrow Agent of its compensation earned prior to such removal.

26. The Company shall provide to Escrow Agent any documentation and information reasonably
requested by the Escrow Agent for it to comply with the USA Patriot Act of 2001, as amended from
time to time.

[Signature page follows]

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Agreed to
as of the 3rd day of August, 2009.

	 	 	 	 	 	 	 
	 	 	GRUBB & ELLIS HEALTHCARE REIT II, INC.,

a Maryland corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Andrea R. Biller	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	Andrea R. Biller	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title:	 	E.V.P. and Secretary	 	 
	 

	 	 	 	 

	 	 
	 
	 	 	 	 	 	 
	 	 	GRUBB & ELLIS SECURITIES, INC.,

a California corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ Kevin K. Hull	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:	 	Kevin K. Hull	 	 
	 

	 	 	 	 

	 	 
	 

	 	Title:	 	CEO and President	 	 
	 

	 	 	 	 

	 	 

The terms and conditions contained above are hereby accepted and agreed to by:

CommerceWest Bank, N.A., as Escrow Agent

	 	 	 	 	 
	By:
	 	/s/ Marshell Montgomery	 	 
	 

	 	 

	 	 
	Name:
	 	Marshell Montgomery	 	 
	 

	 	 

	 	 
	Title:
	 	Executive Vice President &
Chief Ad. Officer	 	 
	 

	 	 

	 	 

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EXHIBIT A

PERMISSIBLE ESCROW INVESTMENTS

	(i)	 	Bank accounts;
	 
	(ii)	 	Bank money-market accounts;
	 
	(iii)	 	Short time certificates of deposit issued by a bank; and
	 
	(iv)	 	Short-term securities issued or guaranteed by the U.S. government

 

 

EXHIBIT B

ESCROW FEES AND EXPENSES

$2,000 escrow feeexv10w1

Exhibit 10.1

FORM OF ADVISORY AGREEMENT

     THIS ADVISORY AGREEMENT (this “Agreement”), dated as of                     , 2009 (the “Effective
Date”), is by and among GRUBB & ELLIS HEALTHCARE REIT II, INC., a Maryland corporation (the
“Company”), GRUBB & ELLIS HEALTHCARE REIT II HOLDINGS, LP, a Delaware limited partnership (the
“Partnership”), GRUBB & ELLIS HEALTHCARE REIT II ADVISOR, LLC, a Delaware limited liability company
(the “Advisor”).

WITNESSETH

     WHEREAS, the Company has filed with the Securities and Exchange Commission a Registration
Statement on Form S-11 (the “Registration Statement”) covering the initial public offering of its
common stock, par value $0.01 per share (the “Shares”);

     WHEREAS, the Company intends to qualify as a REIT (as defined below), and intends to invest
its funds in investments permitted by the terms of the Company’s Articles of Incorporation and
Sections 856 through 860 of the Code (as defined below);

     WHEREAS, the Company is the general partner of the Partnership and intends to conduct all of
its business and make all of its investments in Properties and Real Estate-Related Investments
through the Partnership;

     WHEREAS, the Company and the Partnership desire to avail themselves of the experience, sources
of information, advice, assistance and certain facilities available to the Advisor (as defined
below) and to have the Advisor undertake the duties and responsibilities hereinafter set forth, on
behalf of, and subject to the supervision of, the Board of Directors, all as provided herein; and

     WHEREAS, the Advisor is willing to undertake to render such services, subject to the
supervision of the Board of Directors, on the terms and conditions hereinafter set forth.

     NOW, THEREFORE, in consideration of the foregoing and of the mutual covenants and agreements
contained herein, the parties hereto agree as follows:

     1. Definitions. As used in this Agreement, the following terms have the definitions
hereinafter indicated:

     Acquisition Expenses. Any and all expenses incurred by the Company, the Partnership, the
Advisor, or any Affiliate of any such entity in connection with the selection, evaluation, and
acquisition of, and investment in Properties and Real Estate-Related Investments, whether or not
acquired (or made), including, but not limited to, legal fees and expenses, travel and
communications expenses, cost of appraisals and surveys, nonrefundable option payments on property
not acquired, accounting fees and expenses, architectural, engineering and other property reports,
environmental and asbestos audits, title insurance premiums and escrow fees, transfer taxes, and
miscellaneous expenses related to the selection, evaluation and acquisition of Properties and Real
Estate-Related Investments.

     Acquisition Fee. Any and all fees and commissions, exclusive of Acquisition Expenses, paid by
any Person to any other Person (including any fees or commissions paid by or to any Affiliate of
the Company or the Advisor) in connection with the purchase, origination,

 

 

development or construction of an Asset, including, without limitation, real estate
commissions, selection fees, Development Fees (as such term is defined in the NASAA Guidelines),
Construction Fees (as such term is defined in the NASAA Guidelines), non-recurring management fees,
loan fees, points or any other fees of a similar nature, however designated. Excluded shall be
Development Fees and Construction Fees paid to any Person not affiliated with the Sponsor in
connection with the actual development and construction of any Property.

     Advisor. Grubb & Ellis Healthcare REIT II Advisor, LLC, a Delaware limited liability company,
any successor advisor to the Company and the Partnership to which Grubb & Ellis Healthcare REIT II
Advisor, LLC or any successor advisor subcontracts substantially all of its functions.

     Affiliate or Affiliated. An Affiliate of another Person includes only the following: (i) any
Person directly or indirectly owning, controlling, or holding with the power to vote ten percent
(10.0%) or more of the outstanding voting securities of such other Person; (ii) any Person ten
percent (10.0%) or more of whose outstanding voting securities are directly or indirectly owned,
controlled, or held, with power to vote, by such other Person; (iii) any Person directly or
indirectly controlling, controlled by, or under common control with such other Person; (iv) any
executive officer, director, trustee, or general partner of such other Person; and (v) any legal
entity for which such Person acts as an executive officer, director, trustee, or general partner.
An entity shall not be deemed to control or be under common control with an Advisor-sponsored
program unless (i) the entity owns ten percent (10.0%) or more of the voting equity interests of
such program or (ii) a majority of the board of directors (or equivalent governing body) of such
program is comprised of Affiliates of the entity.

     Appraised Value. Value according to an appraisal made by an Independent Appraiser.

     Articles of Incorporation. The Articles of Incorporation of the Company under Title 2 of the
Corporations and Associations Article of the Annotated Code of
Maryland dated as of January 7,
2009, as amended from time to time.

     Asset Management Fee. The Asset Management Fee payable to the Advisor as defined in
Section 8(b).

     Average Invested Assets. For a specified period, the average of the aggregate Book Value of
the assets of the Company invested, directly or indirectly, in
Properties and Real Estate-Related Investments, before reserves for depreciation, amortization, bad debt or other similar non-cash
reserves, computed by taking the average of such values at the end of
each month during such period.

     Board of Directors or Board. The persons holding such office, as of any particular time,
under the Articles of Incorporation of the Company, whether they be the Directors named therein or
additional or successor Directors.

     Book Value. The value of an asset on the books of the Company, before allowance for
depreciation or amortization.

     Bylaws. The bylaws of the Company, as the same are in effect from time to time.

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     Capped O&O Expenses. All Organizational and Offering Expenses other than selling commissions
and the dealer manager fee.

     Code. Internal Revenue Code of 1986, as amended from time to time, or any successor statute
thereto. Reference to any provision of the Code shall mean such provision as in effect from time
to time, as the same may be amended, and any successor provision thereto, as interpreted by any
applicable regulations as in effect from time to time.

     Company. Grubb & Ellis Healthcare REIT II, Inc., a corporation organized under the laws of
the State of Maryland.

     Competitive Real Estate Commission. A real estate or brokerage commission for the purchase or
sale of a property which is reasonable, customary, and competitive in light of the size, type, and
location of the property.

     Contract Purchase Price. The amount actually paid or allocated by the Company in respect of
the purchase, development, construction or improvement of a Property, or the amount funded or
actually paid to acquire or originate a Real Estate-Related Investment, in each case exclusive of
Acquisition Fees and Acquisition Expenses.

     Contract Sales Price. The total consideration received by the Company for the sale of a
Property or other Real Estate-Related Investment exclusive of the applicable Disposition Fee.

     Director. A member of the Board of Directors of the Company.

     Disposition Fee. The fee payable to the Advisor under certain circumstances in connection
with the Sale of one or more Properties pursuant to Section 8(c).

     Distributions. Any distributions of money or other property by the Company to owners of
Shares, including distributions that may constitute a return of capital for federal income tax
purposes.

     Fiscal Year. Any period for which any income tax return is submitted by the Company to the
Internal Revenue Service and which is treated by the Internal Revenue Service as a reporting
period.

     Gross Income. All cash receipts derived from the operation of any Property, excluding (i)
tenant security deposits unless and until such deposits are forfeited upon a tenant default and
(ii) proceeds from insurance claims, condemnation proceedings, sales or refinancings.

     Gross Offering Proceeds. The aggregate purchase price of all Shares sold for the account of
the Company through an Offering, without deduction for volume discounts, selling commissions, the
dealer manager fee or Organizational and Offering Expenses. For the purpose of computing Gross
Offering Proceeds, the purchase price of any Share for which reduced selling commissions are paid
to the dealer manager or a soliciting dealer (where net proceeds to the Company are not reduced)
shall be deemed to be the full amount of the offering price per Share pursuant to the Prospectus
for such Offering without reduction.

     Independent Appraiser. A person or entity with no material current or prior business or
personal relationship with the Advisor or the Directors, who is engaged to a substantial extent in
the business of rendering opinions regarding the value of assets of the type held by the Company,

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and who is a qualified appraiser of real estate as determined by the Board. Membership in a
nationally recognized appraisal society such as the American Institute of Real Estate Appraisers or
the Society of Real Estate Appraisers shall be conclusive evidence of such qualification.

     Independent Director. A Director who is not on the date of determination, and within the last
two years from the date of determination has not been, directly or indirectly associated with the
Sponsor or the Advisor by virtue of (i) ownership of an interest in the Sponsor, the Advisor or any
of their Affiliates, other than the Company, (ii) employment by the Sponsor, the Advisor or any of
their Affiliates, (iii) service as an officer or director of the Sponsor, the Advisor or any of
their Affiliates, other than as a Director of the Company or as a director or trustee of any other
real estate investment trust organized by the Sponsor or advised by the Advisor, (iv) performance
of services, other than as a Director, for the Company, (v) service as a director or trustee of
more than three real estate investment trusts organized by the Sponsor or advised by the Advisor or
(vi) maintenance of a material business or professional relationship with the Sponsor, the Advisor
or any of their Affiliates. A business or professional relationship is considered “material” per
se if the aggregate gross revenue derived by the Director from the Sponsor, the Advisor and their
Affiliates (excluding fees for serving as a Director of the Company or another real estate
investment trust or real estate program that is organized, advised or managed by the Advisor or its
Affiliates) exceeds 5.0% of either the Director’s annual gross income during either of the last two
years or the Director’s net worth on a fair market value basis. An indirect association with the
Sponsor or the Advisor shall include circumstances in which a Director’s spouse, parent, child,
sibling, mother- or father-in-law, son- or daughter-in-law, or brother- or sister-in-law is or has
been associated with the Sponsor, the Advisor, any of their Affiliates or the Company.

     Intellectual Property Rights. All rights, titles and interests, whether foreign or domestic,
in and to any and all trade secrets, confidential information rights, patents, invention rights,
copyrights, service marks, trademarks, know-how, or similar intellectual property rights and all
applications and rights to apply for such rights, as well as any and all moral rights, rights of
privacy, publicity and similar rights and license rights of any type under the laws or regulations
of any governmental, regulatory, or judicial authority, foreign or domestic and all renewals and
extensions thereof.

     Joint Venture. Any joint venture, partnership, limited liability company or other Affiliate
of the Company (other than the Partnership) that owns, in whole or in part on behalf of the
Company, any Properties.

     Lease Fee. The Lease Fee payable to the Advisor, an Affiliate of the Advisor or a
non-Affiliated third party, as defined in Section 8(d).

     Listing. The term “Listing” shall mean that the Shares have been approved for trading on a
national securities exchange. Upon such Listing, the Shares shall be deemed Listed.

     NASAA Guidelines. The Statement of Policy Regarding Real Estate Investment Trusts published
by the North American Securities Administrators Association, Inc. on May 7, 2007, and as in effect
on the date hereof.

     Net Income. For any period, the total revenues applicable to such period, less the total
expenses applicable to such period excluding additions to reserves for depreciation, amortization,
bad debt or other similar non-cash reserves; provided, however, Net Income for purposes of

4

 

calculating total allowable Operating Expenses (as defined herein) shall exclude the gain from
the sale of the Company’s assets.

     Offering. Any offering of Shares that is registered with the Securities and Exchange
Commission, excluding Shares offered under any employee benefit plan.

     Offering Stage. The period from the commencement of the Company’s initial public equity
offering through the termination of the Company’s last public equity offering prior to Listing.
For purposes of this definition, “public equity offering” does not include offerings on behalf of
selling stockholders or offerings related to a distribution reinvestment plan, employee benefit
plan or the redemption of interests in the Partnership.

     Operating Expenses. All costs and expenses incurred by the Company, as determined under
generally accepted accounting principles in the United States of America, which in any way are
related to the operation of the Company or to Company business, including fees paid to the Advisor,
but excluding (i) the expenses of raising capital such as Organizational and Offering Expenses,
legal, audit, accounting, underwriting, brokerage, listing, registration, and other fees, printing
and other such expenses and tax incurred in connection with the issuance, distribution, transfer,
registration and Listing of the Shares, (ii) interest payments, (iii) taxes, (iv) non-cash
expenditures such as depreciation, amortization and bad loan reserves, (v) incentive fees paid in
compliance with Section IV.F of the NASAA Guidelines and (vi) Acquisition Fees and Acquisition
Expenses, real estate commissions on resale of property, and other expenses connected with the
acquisition, disposition, and ownership of real estate interests, mortgage loans or other property
(such as the costs of foreclosure, insurance premiums, legal services, maintenance, repair and
improvement of property).

     Organizational and Offering Expenses. Any and all costs and expenses, including selling
commissions and the dealer manager fee, incurred by the Advisor or any Affiliate in connection with
the formation, qualification and registration of the Company and the offering of the Shares,
including, without limitation, the following: total underwriting and brokerage discounts and
commissions (including fees of the underwriter’s attorneys); printing, engraving, mailing and
distributing costs; all charges of transfer
agents, registrars, trustees, escrow holders, depositories and experts; and fees, expenses and
taxes related to the filing, registration and qualification of the sale of the Shares under federal
and state laws, including accountants’ and attorneys’ fees.

     Partnership. Grubb & Ellis Healthcare REIT II Holdings, LP, a Delaware limited partnership
formed to own and operate properties on behalf of the Company.

     Partnership Agreement. The Agreement of Limited Partnership of the Partnership, as amended
from time to time, between the Company, as General Partner and the Advisor, as the initial Limited
Partner.

     Person. An individual, corporation, partnership, estate, trust (including a trust qualified
under Section 401(a) or 501(c)(17) of the Code), a portion of a trust permanently set aside for or
to be used exclusively for the purposes described in Section 642(c) of the Code, association,
private foundation within the meaning of Section 509(a) of the Code, joint stock company or other
entity, or any government or any agency or political subdivision thereof, and also includes a group
as that term is used for purposes of Section 13(d)(3) of the Securities Exchange Act of 1934, as
amended.

5

 

     Property or Properties. Any land, rights in land (including leasehold interests), and any
buildings, structures, improvements, furnishings, fixtures and equipment located on or used in
connection with land and rights or interests in land, or any portion thereof, transferred or
conveyed to the Company or the Partnership, either directly or indirectly, or such investments the
Board of Directors and the Advisor mutually designate as Properties to the extent such investments
could be classified as either Properties or Real Estate-Related Investments.

     Property Management Fee. The Property Management Fee as defined in Section 8(d).

     Property Manager. Any entity that has been retained to perform and carry out property rental,
leasing, operation and management services at one or more of the Properties, excluding persons,
entities or independent contractors retained or hired to perform facility management or other
services or tasks at a particular Property.

     Proprietary Property. All modeling algorithms, tools, computer programs, know-how,
methodologies, processes, technologies, ideas, concepts, skills, routines, subroutines, operating
instructions and other materials and aides used in performing the duties set forth and all
modifications, enhancements and derivative works of the foregoing.

     Prospectus. Prospectus has the meaning set forth in Section 2(10) of the Securities
Act of 1933, as amended, including a preliminary prospectus, an offering circular as described in
Rule 253 of the General Rules and Regulations under the Securities Act of 1933, as amended, or, in
the case of an intrastate offering, any document by whatever name known, utilized for the purpose
of offering and selling securities of the Company to the public.

     REIT. A real estate investment trust under Sections 856 through 860 of the Code.

     Real Estate-Related Investments. Any real estate-related investments transferred or conveyed
to the Company or the Partnership, either directly or indirectly, or such investments the Board of
Directors and the Advisor mutually designate as Real Estate-Related Investments to the extent such
investments could be classified as either Real Estate-Related Investments or Properties.

     Sale or Sales. (i) Any transaction or series of transactions whereby: (A) the Company or the
Partnership (except as described in other subsections of this definition) sells, grants, transfers,
conveys, or relinquishes its ownership of any Property or portion thereof, including the lease of
any Property consisting of the building only, and including any event with respect to any Property
which gives rise to a significant amount of insurance proceeds or condemnation awards; (B) the
Company or the Partnership (except as described in other subsections of this definition) sells,
puts, transfers, conveys, or relinquishes its ownership of all or substantially all of the interest
of the Company or the Partnership in any joint venture in which it is a co-venturer or partner; (C)
any joint venture (except as described in other subsections of this definition) in which the
Company or the Partnership as a co-venturer or partner sells, grants, transfers, conveys, or
relinquishes its ownership of any Property or portion thereof, including any event with respect to
any Property which gives rise to insurance claims or condemnation awards; (D) the Company or the
Partnership directly or indirectly (except as described in other subsections of this definition)
sells, grants, conveys or relinquishes its interest in any loan or mortgage or any portion thereof
(including with respect to any mortgage or loan, all payments thereunder or in satisfaction thereof
other than regularly scheduled interest payments) of amounts owed pursuant to such loan or mortgage
and any event which gives rise to the payment of a significant amount of insurance proceeds or
condemnation or similar award; or (E) the Company or the Partnership directly or

6

 

indirectly (except as described in other subsections of this definition) sells, grants,
transfers, conveys or relinquishes its ownership of any other Property not previously described in
this definition or any portion thereof, but (ii) not including any transaction or series of
transactions specified in clause (i)(A), (i)(B), (i)(C), (i)(D) or (i)(E) above in which the
proceeds of such transaction or series of transactions are reinvested in one or more Properties
within one hundred eighty (180) days thereafter.

     Sponsor. Grubb & Ellis Company.

     Stockholders. The registered holders of the Shares.

     2.0%/25.0% Guidelines. The 2.0%/25.0% Guidelines as defined in Section 9(c)(ii).

     2. Appointment. The Company and the Partnership appoint the Advisor to serve as its
advisor as of the Effective Date, on the terms and conditions set forth in this Agreement, and the
Advisor hereby accepts such appointment as of the Effective Date.

     3. Duties and Authority of the Advisor. The Advisor undertakes to use its
commercially reasonable efforts (1) to present to the Company and the Partnership potential
investment opportunities in order to provide a continuing and suitable investment program
consistent with the investment objectives and policies of the Company as determined and adopted
from time to time by the Board and (2) to manage, administer, promote, maintain, and improve the
Properties on an overall portfolio basis in a diligent manner. The services of the Advisor are to
be of scope and quality not less than those generally performed by professional asset managers of
other similar property portfolios. The Advisor shall make available the full benefit of the
judgment, experience and advice of the members of the Advisor’s organization and staff with respect
to the duties it will perform under this Agreement. To facilitate the Advisor’s performance of
these undertakings, but subject to the restrictions included in Sections 4 and 7
and the provisions of Section 11 and to the continuing and exclusive authority of the Board
and the general partner of the Partnership, the Company and the Partnership hereby delegate to the
Advisor the authority to, and the Advisor hereby agrees to, either directly or by engaging a duly
qualified and licensed Affiliate of the Advisor or other duly qualified and licensed Person:

     (a) serve as the Company’s and the Partnership’s investment and financial advisor and, as
requested by the Board, provide research and economic and statistical data in connection with the
Company’s assets and investment policies;

     (b) provide the daily management of the Company and the Partnership and perform and supervise
the various administrative functions reasonably necessary for the management of the Company and the
Partnership;

     (c) maintain and preserve the books and records of the Company, including (i) a stock ledger
reflecting a record of the Stockholders and their ownership of the Company’s Shares, (ii) acting as
transfer agent for the Company’s Shares or selecting, engaging and overseeing the performance by a
third party transfer agent, and (iii) maintaining the accounting and other record-keeping functions
at the Property and Company levels;

     (d) investigate, select, and, on behalf of the Company and the Partnership, engage and conduct
business with such Persons as the Advisor deems necessary to the proper performance of its
obligations hereunder, including but not limited to consultants, accountants, correspondents,
lenders, technical advisors, attorneys, brokers, underwriters, transfer agents, corporate
fiduciaries,

7

 

escrow agents, depositaries, custodians, agents for collection, insurers, insurance agents,
banks, builders, developers, property owners, property management companies, real estate operating
companies, securities investment advisors, mortgagors, and any and all agents for any of the
foregoing, including Affiliates of the Advisor, and Persons acting in any other capacity deemed by
the Advisor necessary or desirable for the performance of any of the foregoing services, including
but not limited to entering into contracts in the name of the Company and the Partnership with any
of the foregoing;

     (e) make investments in and dispositions of Real Estate-Related Investments within the
discretionary limits and authority as granted by the Board and in accordance with the Articles of
Incorporation;

     (f) consult with the officers of the Company and the Board and assist the Board in the
formulation and implementation of the Company’s financial policies, and, as necessary, furnish the
Board with advice and recommendations with respect to the making of investments consistent with the
investment objectives and policies of the Company and in connection with any borrowings proposed to
be undertaken by the Company and the Partnership;

     (g) select joint venture partners, structure corresponding agreements and oversee and monitor
these relationships;

     (h) recommend to the Board of Directors appropriate transactions which would provide liquidity
to the Stockholders;

     (i) oversee the performance by a third party or Affiliated Property Manager of its duties,
including collection of payments due from third parties under contracts related to use of any
Property and other assets of the Company and payment of Property expenses and maintenance;

     (j) conduct periodic on-site visits to some or all (as the Advisor deems reasonably necessary)
of the Properties to inspect the physical condition of the Properties and to evaluate the
performance of a third party or Affiliated Property Manager of its duties;

     (k) review, analyze and comment upon the operating budgets, capital budgets and leasing plans
prepared and submitted by a third party or Affiliated Property Manager and aggregate these property
budgets into the Company’s overall budget;

     (l) review and analyze on-going financial information pertaining to each Property, each Real
Estate-Related Investment and the overall portfolio of Properties and Real Estate-Related
Investments;

     (m) if a transaction requires approval by the Board of Directors, deliver to the Board of
Directors all documents requested by them in their evaluation of the proposed investment in the
Property or the Real Estate-Related Investment;

     (n) formulate and oversee the implementation of strategies for the administration, promotion,
management, operation, maintenance, improvement, financing and refinancing, marketing, leasing, and
disposition of Properties on an overall portfolio basis;

     (o) subject to the provisions of Sections 3(m) and 4 hereof, (i) locate,
analyze and select potential investments in Properties and Real Estate-Related Investments, (ii)
structure and negotiate the terms and conditions of transactions pursuant to which investment in
Properties and

8

 

Real Estate-Related Investments will be made; (iii) make investments in Properties and Real
Estate-Related Investments on behalf of the Company or the Partnership in compliance with the
investment objectives and policies of the Company; (iv) arrange for financing and refinancing and
make other changes in the asset or capital structure of, and dispose of, reinvest the proceeds from
the sale of, or otherwise deal with the investments in, Properties and Real Estate-Related
Investments; (v) enter into leases, supply agreements and other income-producing contracts relating
to third party use of any Property and Real Estate-Related Investments of the Company; (vi) enter
into service contracts for any Property or Real Estate-Related Investment, including oversight of
Affiliated companies that perform property management services for the Company and the Partnership;
(vii) if applicable, oversee a non-Affiliated Property Manager and any other non-Affiliated Persons
who perform services for the Company; and (viii) to the extent necessary, perform all other
operational functions for the maintenance and administration of such Property or Real
Estate-Related Investments;

     (p) obtain the prior approval of the Board, any particular Directors specified by the Board or
any committee of the Board, as the case may be, for any and all investments in Properties and Real
Estate-Related Investments;

     (q) negotiate on behalf of the Company and the Partnership with banks or lenders for loans to
be made to the Company, and negotiate on behalf of the Company and the Partnership with investment
banking firms and broker-dealers or negotiate private sales of Shares and other securities or
obtain loans for the Company and the Partnership, but in no event in such a way so that the Advisor
shall be acting as broker-dealer or underwriter; provided, further, that any fees and costs payable
to third parties incurred by the Advisor in connection with the foregoing shall be the
responsibility of the Company or the Partnership;

     (r) on behalf of the Company and the Partnership, maintain, with respect to any Property and
to the extent available, title insurance or other assurance of title and customary fire, casualty
and public liability insurance;

     (s) obtain reports (which may be prepared by the Advisor or its Affiliates), where
appropriate, concerning the value of investments or contemplated investments of the Company and the
Partnership in Properties or Real Estate-Related Investments;

     (t) from time to time, or at any time reasonably requested by the Board, provide information
or make reports to the Board related to its performance of services to the Company and the
Partnership under this Agreement;

     (u) from time to time, or at any time reasonably requested by the Board, make reports to the
Board of the investment opportunities it has presented to other Advisor-sponsored programs or that
it has pursued directly or through an Affiliate;

     (v) provide the Company and the Partnership with all necessary cash management services;

     (w) deliver to or maintain on behalf of the Company copies of all appraisals obtained in
connection with the investments in Properties and all valuations of Real Estate-Related Investments
as may be required to be obtained by the Board;

     (x) notify the Board of all proposed material transactions before they are completed;

9

 

     (y) at the direction of Company management, prepare the Company’s periodic reports and other
filings made under the Securities Exchange Act of 1934, as amended, and the Company’s
Post-Effective Amendments to the Registration Statement as well as all related prospectuses,
prospectus supplements and supplemental sales literature and assist in connection with the filing
of such documents with the appropriate regulatory authorities;

     (z) supervise the preparation and filing and distribution of returns and reports to
governmental agencies and to investors and act on behalf of the Company in connection with investor
relations;

     (aa) effect any private placements of Shares or other interests in Properties as may be
approved by the Board;

     (bb) establish and maintain bank accounts on behalf of the Company and the Partnership
pursuant to Section 5 of this Agreement;

     (cc) provide office space, equipment and personnel as required for the performance of the
foregoing services as the Advisor; and

     (dd) do all things it reasonably deems necessary to assure its ability to render the services
described in this Agreement.

     4. Modification or Revocation of Authority of Advisor. The Board may, at any time
upon the giving of notice to the Advisor, modify or revoke the authority or approvals set forth in
Section 3; provided, however, that such modification or revocation shall be effective upon
receipt by the Advisor and shall not be applicable to investment transactions to which the Advisor
has committed the Company and the Partnership prior to the date of receipt by the Advisor of such
notification.

     5. Bank Accounts. At the direction of the Board of Directors, the Advisor may
establish and maintain one or more bank accounts in its own name for the account of the Company and
the Partnership or in the name of the Company and the Partnership and may collect and deposit into
any such account or accounts, and disburse from any such account or accounts, any money on behalf
of the Company and the Partnership, under such terms and conditions as the Board may approve,
provided that no funds shall be commingled with the funds of the Advisor; and the Advisor shall
from time to time render appropriate accountings of such collections and payments to the Board and
to the auditors of the Company.

     6. Records; Access. The Advisor shall maintain appropriate records of all its
activities hereunder and make such records available for inspection by the Board and by counsel,
auditors and authorized agents of the Company, at any time or from time to time during normal
business hours. The Advisor shall at all reasonable times have access to the books and records of
the Company and the Partnership.

     7. Limitations on Activities. Anything else in this Agreement to the contrary
notwithstanding, the Advisor shall refrain from taking any action which, in its sole judgment made
in good faith, would (a) adversely affect the status of the Company as a REIT, (b) subject the
Company to regulation under the Investment Company Act of 1940, as amended, or (c) violate any law,
rule, regulation or statement of policy of any governmental body or agency having jurisdiction over
the Company or the Partnership, its Shares or its other securities, or otherwise not be permitted
by the Articles of Incorporation or Bylaws of the Company, except if

10

 

such action shall be ordered by the Board, in which case the Advisor shall notify promptly the
Board of the Advisor’s judgment of the potential impact of such action and shall refrain from
taking such action until it receives further clarification or instructions from the Board. In such
event the Advisor shall have no liability for acting in accordance with the specific instructions
of the Board so given. Notwithstanding the foregoing, the Advisor, its directors, officers,
employees and stockholders, and stockholders, directors and officers of the Advisor’s Affiliates
shall not be liable to the Company, the Partnership, the Board or to the Stockholders for any act
or omission by the Advisor, its directors, officers, employees or stockholders, or stockholders,
directors or officers of the Advisor’s Affiliates taken or omitted to be taken in the performance
of their duties under this Agreement except as provided in Sections 20 and 21 of
this Agreement.

     8. Fees.

     (a) Acquisition Fee. The Advisor or its Affiliates shall receive as compensation for services
rendered in connection with the investigation, selection and acquisition of Properties or Real
Estate-Related Investments (by purchase, investment or exchange) funded by equity raised during the
Offering Stage through the Advisor or its Affiliates, including any acquisitions completed after
the end of the Offering Stage and/or the termination of this Agreement or funded with net proceeds
from a Sale, an acquisition fee payable by the Company (the “Acquisition Fee”). The total
Acquisition Fee paid to the Advisor or its Affiliates for services provided by the Advisor, its
Affiliates or sub-contractors thereof, but excluding real estate commissions paid to real estate
broker Affiliates of the Advisor, shall be (x) with respect to each Real Estate-Related Investment,
two percent (2.0%) of the Contract Purchase Price of each such Real Estate-Related Investment and
(y) with respect to Properties, two and three-quarters percent (2.75%) of the Contract Purchase
Price of each such Property.

     At the Advisor’s discretion, a portion of the Acquisition Fee may be paid to third-party
developers for services rendered. Acquisition Fees shall be payable on the acquisition of a
specific Property, on the acquisition of a portfolio of Properties through a purchase of assets,
controlling securities or by joint venture, by a merger or similar business combination or other
comparable transaction, or on the completion of development of a Property or Properties for the
Company, including the acquisition of any Properties funded by equity raised during the Offering
Stage by the Advisor or its Affiliates which are completed after the end of the Offering Stage
and/or the termination of this Agreement. However, the total of all Acquisition Fees and
Acquisition Expenses payable with respect to any Property or Real Estate-Related Investment that is
acquired shall not exceed six percent (6.0%) of the Contract Purchase Price of such Property or
Real Estate-Related Investment unless fees in excess of such amount are approved by a majority of
the Board of Directors, including a majority of the Independent Directors.

     (b) Asset Management Fee. Subject to the overall limitations contained below in this
Section 8(b), commencing on the Effective Date, the Advisor shall be paid a monthly fee in
arrears for the services rendered in connection with the management of the Company’s assets (the
“Asset Management Fee”) in an amount equal to one-twelfth of eighty-five one-hundredths of one
percent (0.85%) of the Average Invested Assets for such month; provided, however, that the
Company’s obligation to pay the Asset Management Fee shall be subject to the Stockholders receiving
Distributions in an amount equal to five percent (5.0%) per annum, cumulative, non-compounded, of
average Invested Capital (as such term is defined in the Articles of Incorporation). The Asset
Management Fee shall be payable by the Company in cash or in Shares at the election of the Advisor
in whole or in part, from time to time, by the Advisor (without interest); provided, however, that
the Company may object to the Advisor’s election and refuse to pay the Advisor in Shares if such
payment would result in a conflict with any provision of the

11

 

Articles of Incorporation. If the Advisor elects to receive the Asset Management Fee in the
form of Shares and such election does not conflict with any provision of the Articles of
Incorporation, then the Shares shall be valued at a price per share equal to the average closing
price of the Shares over the ten trading days immediately preceding the date of such election if
the Shares are Listed at such time. If the Shares are not Listed and the Company is still in its
Offering Stage, and for the twelve-month period following the termination of the Offering Stage, at
such time, the Advisor will estimate the per share value of the Shares at a price per share equal
the most recent price paid to acquire a Share during the Offering Stage (excluding any Shares sold
pursuant to any distribution reinvestment plan or sold with purchase price discounts). If the
Shares are not Listed and the Offering Stage has been completed for more than twelve (12) months at
such time, the Shares shall be valued at a price per share equal to the estimated value of the
shares as reasonably determined by the Advisor on the date of election, based upon the most recent
Appraised Value of the Company.

     (c) Disposition Fee. If the Advisor or an Affiliate of the Advisor provides a substantial
amount of services (as determined by a majority of the Independent Directors) in connection with
the Sale of one or more Properties, the Advisor or such Affiliate shall receive at closing a
disposition fee equal to the lesser of (i) two percent (2.0%) of the Contract Sales Price of such
Property or Properties, or (ii) fifty percent (50.0%) of a Competitive Real Estate Commission given
the circumstances surrounding the sale (the “Disposition Fee”). In each case in which a Disposition
Fee may be payable, the precise amount of the fee within the limits set forth in the preceding
sentence shall be determined by the Board, including a majority of the Independent Directors, based
upon the extent of the services provided by the Advisor or its Affiliate and market norms for the
services provided. Notwithstanding anything to the contrary herein, no Disposition Fee shall be
payable to the Advisor or its Affiliate for Property Sales if such Sales involve the Company
selling all or substantially all of its Properties in one or more transactions designed to
effectuate a business combination transaction (as opposed to a Company liquidation, in which case
the Disposition Fee would be payable if the Advisor or an Affiliate provides a substantial amount
of services as provided above). Any Disposition Fee payable under this section may be paid in
addition to real estate commissions paid to non-Affiliates, provided that the total real estate
commissions (including such Disposition Fee) paid to all Persons by the Company for each Property
shall not exceed an amount equal to the lesser of (i) six percent (6.0%) of the Contract Sales
Price of the Property or (ii) the Competitive Real Estate Commission for the Property.

     (d) Property Management Fee; Lease Fee. Either the Advisor or an Affiliate of the Advisor as
the Property Manager shall receive a monthly property management fee of up to four percent (4.0%)
of the monthly Gross Income from each Property managed by such Property Manager (the “Property
Management Fee”). The Advisor or an Affiliate of the Advisor may sub-contract its duties to any
third-party, including for fees less than the Property Management Fee payable to the Advisor. In
addition, the Advisor or an Affiliate of the Advisor as the Property Manager may receive a separate
fee for any leasing activities in an amount not to exceed the fee customarily charged in arm’s
length transactions by others rendering similar services in the same geographic area for similar
properties, as determined by a survey of brokers and agents in such area (the “Lease Fee”). The
Lease Fee is generally expected to range from three percent (3.0%) to eight percent (8.0%) of the
gross revenues generated during the initial term of the lease. In addition to the above Property
Management Fee and Lease Fee, for each Property managed directly by a non-Affiliated Property
Manager but where an Affiliate of the Advisor has oversight responsibility over such non-Affiliated
Property Manager, the Company will pay such Affiliate of the Advisor a monthly oversight fee of up
to one percent (1.0%) of the Gross Income from the Property; provided, however, that in no event
shall the Company pay both the Property

12

 

Management Fee and an oversight fee to the Advisor or its Affiliates with respect to the same
property.

     (e) Construction Management Fee; Development Services Fee. In the event that the Advisor or
its Affiliates assist with planning and coordinating the construction of any capital or tenant
improvements, the Company may pay the respective party up to 5.0% of the cost of such improvements.
In addition, the Advisor or its Affiliates may provide development-related services, and the
Company will pay the respective party a development fee in an amount that is usual and customary
for comparable services rendered for similar projects in the geographic market where the services
are provided; however, the Company will not pay a development fee to the Advisor or its Affiliates
if the Advisor elects to receive an Acquisition Fee based on the cost of such development.

     9. Expenses.

     (a) Reimbursable Expenses. In addition to the compensation paid to the Advisor pursuant to
Section 8 hereof, the Company or the Partnership shall pay directly or reimburse the
Advisor for all of the expenses paid or incurred by the Advisor (to the extent not reimbursable by
another party, such as the dealer manager) in connection with the services it provides to the
Company and the Partnership pursuant to this Agreement, including, but not limited to:

          (i) the Organizational and Offering Expenses; provided, however, that within sixty (60) days
after the end of the month in which an Offering terminates, the Advisor shall reimburse the Company
to the extent (i) Capped O&O Expenses borne by the Company exceed the maximum amount permitted
pursuant to the Prospectus for the Offering and (ii) Organizational and Offering Expenses borne by
the Company exceed fifteen percent (15.0%) of the Gross Offering Proceeds raised in a completed
Offering;

          (ii) Acquisition Expenses incurred in connection with the selection and acquisition of
Properties and Real Estate-Related Investments, whether or not acquired, subject to the aggregate
six percent (6.0%) cap on Acquisition Fees and Acquisition Expenses set forth in Section
8(a) above;

          (iii) the actual cost of goods and services used by the Company and obtained from entities not
Affiliated with the Advisor, other than Acquisition Expenses, including brokerage fees paid in
connection with the purchase and sale of Real Estate-Related Investments;

          (iv) interest and other costs for borrowed money, including discounts, points and other
similar fees;

          (v) taxes and assessments on income of the Company or any of the Properties;

          (vi) costs associated with insurance required in connection with the business of the Company
or by the Board;

          (vii) expenses of managing and operating Properties owned by the Company, whether payable to
an Affiliate of the Company or a non-Affiliated Person;

          (viii) all compensation and expenses payable to the Independent Directors and all expenses
payable to the non-Independent Directors in connection with their services to the

13

 

Company and the Stockholders and their attendance at meetings of the Directors and the
Stockholders;

          (ix) expenses associated with Listing or with the issuance and distribution of securities
other than the Shares, such as selling commissions and fees, advertising expenses, taxes, legal and
accounting fees, listing and registration fees;

          (x) expenses connected with payments of Distributions in cash or otherwise made or caused to
be made by the Company to the Stockholders;

          (xi) expenses of organizing, redomesticating, merging, liquidating or dissolving the Company
or of amending the Articles of Incorporation or the Bylaws;

          (xii) expenses of maintaining communications with Stockholders or their financial advisors,
including the cost of preparation, printing, and mailing annual reports and other Stockholder
reports, proxy statements and other reports required by governmental entities;

          (xiii) administrative service expenses (including personnel costs; provided, however, that
no reimbursement shall be made for costs of personnel to the extent that such personnel perform
services in transactions, including asset management services, for
which the Advisor receives a separate fee);

          (xiv) transfer agent and registrar’s fees and charges;

          (xv) expenses associated with the disposition of Properties, including, subject to Section
8(c), real estate commissions;

          (xvi) audit, accounting, legal and other professional fees; and

          (xvii) all other administrative service expenses, including all costs and expenses incurred by
Advisor in fulfilling its duties hereunder. Such costs and expenses may include employee-related expenses of all employees of the Advisor or its Affiliates
(other than the dealer manager and any employees or dual-employees of
the dealer manager) who are engaged in the management,
administration, operations, or coordination of the marketing of the Company,
including taxes, insurance and benefits relating to such employees, and legal, travel and other
out-of-pocket expenses that are directly related to their services provided hereunder.

     (b) Other Services. Should the Board request that the Advisor, any Affiliate of the Advisor
or any director, officer or employee thereof render services for the Company and the Partnership
other than set forth in Section 3, such additional services, if the Advisor elects to
perform them, shall be separately compensated at such rates and in such amounts as are agreed by
the Advisor and the Board, including a majority of the Independent Directors, subject to the
limitations contained in the Articles of Incorporation, shall not exceed an amount that would be
paid to non-Affiliated third parties for similar services, and shall not be deemed to be services
pursuant to the terms of this Agreement.

     (c) Timing of and Limitations on Reimbursements.

          (i) Expenses incurred by the Advisor on behalf of the Company and the Partnership and payable
pursuant to this Section 9 shall be reimbursed at least quarterly to the Advisor. The
Advisor shall prepare a statement documenting the expenses of the Company and the Partnership

14

 

during each quarter, and shall deliver such statement to the Company and the Partnership
within forty-five (45) days after the end of each quarter.

          (ii) The Company shall not reimburse the Advisor at the end of any fiscal quarter Operating
Expenses that, in the four consecutive fiscal quarters then ended (the “Expense Year”) exceed (the
“Excess Amount”) the greater of two 2.0% of Average Invested Assets or 25.0% of Net Income (the
“2.0%/25.0% Guidelines”) for such year unless a majority of the Independent Directors determines
that such Excess Amount was justified, based on unusual and nonrecurring factors that a majority of
the Independent Directors deems sufficient. If a majority of the Independent Directors does not
approve such excess as being so justified, any Excess Amount paid to the Advisor during a fiscal
quarter shall be repaid to the Company. If a majority of the Independent Directors determines such
excess was justified, then within sixty (60) days after the end of any fiscal quarter of the
Company for which total reimbursed Operating Expenses for the Expense Year exceed the 2.0%/25.0%
Guidelines, the Advisor, at the direction of a majority of the Independent Directors, shall send to
the Stockholders a written disclosure of such fact, together with an explanation of the factors the
Independent Directors considered in determining that such excess expenses were justified. The
Company will ensure that such determination will be reflected in the minutes of the meetings of the
Board of Directors. All figures used in the foregoing computation shall be determined in
accordance with generally accepted accounting principles in the United States of America, applied
on a consistent basis. In the event that the Independent Directors do not determine that excess
expenses were justified, the Advisor shall reimburse the Corporation the amount by which the
expense reimbursement exceeded the 2.0%/25.0% Guidelines.

          (iii) The foregoing reimbursements of expenses, as limited by this Agreement, will be made
regardless of whether any cash distributions are made to the Stockholders.

     10. Statements. The Advisor shall furnish to the Company not later than the thirtieth
(30th) day following the end of each Fiscal Year, a statement showing a computation of the fees or
other compensation payable to the Advisor or an Affiliate of the Advisor with respect to such
Fiscal Year under Sections 8 and 9 hereof. The final settlement of compensation
payable under Sections 8 and 9 hereof for each Fiscal Year shall be subject to
adjustments in accordance with, and upon completion of, the annual audit of the Company’s financial
statements.

     11. Internalization of the Advisor. To the extent that the Board of Directors
determines that it is in the best interests of the stockholders of the Company to internalize
(acquire from the Advisor) any management functions provided by Advisor, the compensation payable
to the Advisor for such specific internalization shall be negotiated and agreed upon by the
Independent Directors and the Advisor.

     12. Other Activities of the Advisor. Nothing herein contained shall prevent the
Advisor from engaging in other activities, including, without limitation, the rendering of advice
to other Persons (including other REITs) and the management of other programs advised, sponsored or
organized by the Advisor or its Affiliates; nor shall this Agreement limit or restrict the right of
any director, officer, employee, or stockholder of the Advisor or its Affiliates to engage in any
other business or to render services of any kind to any other partnership, corporation, firm,
individual, trust or association. The Advisor may, with respect to any investment in which the
Company or the Partnership is a participant, also render advice and service to each and every other
participant therein. The Advisor shall report to the Board the existence of any condition or
circumstance, existing or anticipated, of which it has knowledge, which creates or could create a
conflict of interest between the Advisor’s obligations to the Company and the Partnership and its

15

 

obligations to or its interest in any other partnership, corporation, firm, individual, trust
or association.

     13. Non-Solicitation. The Company agrees not to solicit any current and/or future
employees of the Advisor or its Affiliates for employment or in any consulting or similar capacity
during the Offering Stage and for two (2) years following the termination of the Offering Stage.

     14. Information Furnished to the Advisor. The Board of Directors will keep the
Advisor informed concerning the investment and financing policies of the Company. The Board of
Directors shall notify the Advisor promptly of its intention to make any investments or to sell or
dispose of any existing investments. The Board of Directors will timely notify the Advisor of any
activities or actions that would require a report or other filing be made with the Securities and
Exchange Commission or any other governmental or regulatory authority. Upon request of the
Advisor, the Company shall furnish the Advisor with a certified copy of any Company financial
statements, a signed copy of each report prepared by independent certified public accountants, and
such other information with regard to its affairs as the Advisor may reasonably request.

     15. Relationship of Advisor and Company. The Company, the Partnership and the Advisor
are not partners or joint venturers with each other, and nothing in this Agreement shall be
construed to make them such partners or joint venturers or impose any liability as such on either
of them.

     16. Term. This Agreement shall continue in force until the first anniversary of the
Effective Date, subject to an unlimited number of successive one-year renewals upon mutual consent
of the parties. The Board will evaluate the performance of the Advisor annually before renewing
the Agreement.

     17. Termination.

     (a) This Agreement may be terminated upon sixty (60) days written notice without cause or
penalty, by either party (if by the Company, only upon approval of a majority of the Independent
Directors).

     (b) Survival. The provisions of Sections 6, 7, 11, 13, and 19 through 32, and
the provisions of Section 8, shall survive expiration or termination of this Agreement.

     18. Assignment. This Agreement shall not be assigned by the Advisor to a
non-Affiliate. This Agreement may be assigned by the Advisor to an Affiliate with the approval of
the Board, including a majority of the Independent Directors. Notwithstanding the foregoing, the
Advisor may assign any rights to receive fees or other payments under this Agreement without
obtaining the approval of the Board. This Agreement shall not be assigned by the Company or the
Partnership without the consent of the Advisor, except in the case of an assignment by the Company
or the Partnership to a corporation or other organization which is a successor to all of the
assets, rights and obligations of the Company or the Partnership, as the case may be, in which case
such successor organization shall be bound hereunder and by the terms of said assignment in the
same manner as the Company and the Partnership is bound by this Agreement.

     19. Payments to and Duties of Advisor Upon Termination. Payments to the Advisor
pursuant to this Section 19 shall be subject to the 2.0%/25.0% Guidelines to the extent
applicable.

16

 

     (a) After the expiration or termination of this Agreement, the Advisor shall not be entitled
to compensation for further services hereunder except that it shall be entitled to the Acquisition
Fee to the extent provided by Section 8(a) and it shall be entitled to receive from the Company
within thirty (30) days after the effective date of such termination all unpaid reimbursements of
expenses and all earned but unpaid fees payable to the Advisor prior to termination of this
Agreement; and

     (b) The Advisor shall promptly upon termination:

          (i) pay over to the Company all money collected and held for the account of the Company
pursuant to this Agreement, after deducting any accrued compensation and reimbursement for its
expenses to which it is then entitled;

          (ii) deliver to the Board a full accounting, including a statement showing all payments
collected by it and a statement of all money held by it, covering the period following the date of
the last accounting furnished to the Board;

          (iii) deliver to the Board all assets, including Properties and Real Estate-Related
Investments, and documents of the Company then in the custody of the Advisor; and

          (iv) cooperate with the Company to provide an orderly management transition.

     20. Indemnification by the Company.

     (a) The Company shall indemnify and hold harmless the Advisor and its Affiliates, including
their respective officers, directors, partners and employees, from all liability, claims, damages
or losses arising in the performance of their duties hereunder, and related expenses, including
reasonable attorneys’ fees, to the extent such liability, claims, damages or losses and related
expenses are not fully reimbursed by insurance, provided that the Company shall not indemnify and
hold harmless the Advisor or its Affiliates unless:

          (i) the Advisor or its Affiliates have determined, in good faith, that the course of conduct
which caused the loss or liability was in the best interests of the Company;

          (ii) the Advisor or its Affiliates were acting on behalf of or performing services for the
Company;

          (iii) such liability or loss was not the result of negligence or misconduct by the Advisor or
its Affiliates; and

          (iv) such indemnification or agreement to hold harmless is recoverable only out of Company’s
net assets and not from its stockholders.

The obligation of the Company to indemnify or hold harmless the Advisor and its Affiliates shall
also be subject to any limitations imposed by Maryland law.

     21. Indemnification by Advisor. The Advisor shall indemnify and hold harmless the
Company from contract or other liability, claims, damages, taxes or losses and related expenses,
including attorneys’ fees, to the extent that such liability, claims, damages, taxes or losses and
related expenses are not fully reimbursed by insurance and are incurred by reason of the Advisor’s
bad faith, fraud, willful misfeasance, misconduct, or reckless disregard of its duties, but

17

 

the Advisor shall not be held responsible for any action of the Board in following or
declining to follow advice or recommendation given by the Advisor.

     22. Fidelity Bond. The Advisor shall not be required to obtain or maintain a fidelity
bond in connection with the performance of its services hereunder.

     23. Notices. Any notice, report or other communication required or permitted to be
given hereunder shall be in writing unless some other method of giving such notice, report or other
communication is required by the Articles of Incorporation, the Bylaws, or accepted by the party to
whom it is given, and shall be given by being delivered by hand or by overnight mail or other
overnight delivery service to the addresses set forth herein:

	 	 	 
	To the Board and to the Company:

	 	Grubb & Ellis Healthcare REIT II, Inc.
	 

	 	1551 N. Tustin Avenue, Suite 300
	 

	 	Santa Ana, CA 92705
	 

	 	Attention: Chief Executive Officer
	 
	 	 
	To the Partnership:

	 	Grubb & Ellis Healthcare REIT II Holdings, LP
	 

	 	1551 N. Tustin Avenue, Suite 300
	 

	 	Santa Ana, CA 92705
	 

	 	Attention: Chief Executive Officer of
	 

	 	Grubb & Ellis Healthcare REIT II, Inc.,
	 

	 	its General Partner
	 
	 	 
	To the Advisor:

	 	Grubb & Ellis Healthcare REIT II Advisor, LLC
	 

	 	1551 N. Tustin Avenue, Suite 300
	 

	 	Santa Ana, CA 92705
	 

	 	Attention: Chief Executive Officer

     Either party may at any time give notice in writing to the other party of a change in its
address for the purposes of this Section 23.

     24. Amendments. This Agreement shall not be changed, modified, terminated, or
discharged, in whole or in part, except by an instrument in writing signed by each of the parties
hereto, or their respective successors or assignees.

     25. Severability. The provisions of this Agreement are independent of and severable
from each other, and no provision shall be affected or rendered invalid or unenforceable by virtue
of the fact that for any reason any other or others of them may be invalid or unenforceable in
whole or in part.

     26. Construction. The provisions of this Agreement shall be construed and interpreted
in accordance with the laws of the State of Maryland.

     27. Entire Agreement. This Agreement contains the entire agreement and understanding
among the parties hereto with respect to the subject matter hereof, and supersedes all prior and
contemporaneous agreements, understandings, inducements and conditions, express or implied, oral or
written, of any nature whatsoever with respect to the subject matter hereof. The express terms
hereof control and supersede any course of performance and/or usage of the trade inconsistent with
any of the terms hereof. This Agreement may not be modified or amended other than by an agreement
in writing.

18

 

     28. Indulgences, Not Waiver. Neither the failure nor any delay on the part of a party
to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver
thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude
any other or further exercise of the same or of any other right, remedy, power or privilege, nor
shall any waiver of any right, remedy, power or privilege with respect to any occurrence be
construed as a waiver of such right, remedy, power or privilege with respect to any other
occurrence. No waiver shall be effective unless it is in writing and is signed by the party
asserted to have granted such waiver.

     29. Gender. Words used herein regardless of the number and gender specifically used,
shall be deemed and construed to include any other number, singular or plural, and any other
gender, masculine, feminine or neuter, as the context requires.

     30. Titles Not to Affect Interpretation. The titles of sections and subsections
contained in this Agreement are for convenience only, and they neither form a part of this
Agreement nor are they to be used in the construction or interpretation hereof.

     31. Execution in Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original as against any party whose signature
appears thereon, and all of which shall together constitute one and the same instrument. This
Agreement shall become binding when the counterparts hereof, taken together, bear the signatures of
all of the parties reflected hereon as the signatories.

     32. Rights of the Advisor and its Affiliates. Grubb & Ellis Healthcare REIT II
Advisor, LLC or an Affiliate thereof has a proprietary interest in the name “Grubb & Ellis.”
Accordingly, and in recognition of this right, if at any time Grubb & Ellis Healthcare REIT II
Advisor, LLC or an Affiliate thereof ceases to perform the services of the Advisor under this
Agreement, the Company or the Partnership, as the case may be, will, promptly after receipt of
written request from Grubb & Ellis Healthcare REIT II Advisor, LLC, cease to conduct business under
or use the name “Grubb & Ellis” or any variation or derivative thereof and the Company and the
Partnership shall, within five (5) business days of such cessation, each change its name (and the
names of any of their Affiliates) to a name that does not contain the name “Grubb & Ellis” or any
other word or words that might, in the sole discretion of the Advisor, be susceptible of indication
of some form of relationship between the Company and the Advisor or any Affiliate thereof.
Consistent with the foregoing, the parties acknowledge and agree that the Advisor or one or more of
its Affiliates has in the past and may in the future organize, sponsor or otherwise permit to exist
other investment vehicles (including vehicles for investment in real estate) and financial and
service organizations having “Grubb & Ellis” as a part of their name, all without the need for any
consent (and without the right to object thereto) by the Company or its Board. The Advisor retains
ownership of and reserves all Intellectual Property Rights in the Proprietary Property. To the
extent that the Company has or obtains any claim to any right, title or interest in the Proprietary
Property, including without limitation in any suggestions, enhancements or contributions that
Company may provide regarding the Proprietary Property, the Company hereby assigns and transfers
exclusively to the Advisor all right, title and interest, including without limitation all
Intellectual Property Rights, free and clear of any liens, encumbrances or licenses in favor of the
Company or any other party, in and to the Proprietary Property. In addition, at the Advisor’s
expense, the Company will perform any acts that may be deemed desirable by the Advisor to evidence
more fully the transfer of ownership of right, title and interest in the Proprietary Property to
the Advisor, including but not limited to the execution of any instruments or documents now or
hereafter requested by the Advisor to perfect, defend or confirm the assignment described herein,
in a form determined by the Advisor.

19

 

[Signatures Appear on Next Page]

20

 

     IN WITNESS WHEREOF, the parties hereto have executed this Advisory Agreement as of the day and
year first above written.

	 	 	 	 	 
	 	 	GRUBB & ELLIS HEALTHCARE REIT II, INC.
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:
	 	Jeffrey T. Hanson
	 

	 	Title:
	 	Chief Executive Officer
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	GRUBB & ELLIS HEALTHCARE REIT II HOLDINGS, LP

	 

	 	By:
	 	Grubb & Ellis Healthcare REIT II, Inc.,

its General Partner
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:
	 	Jeffrey T. Hanson
	 

	 	Title:
	 	Chief Executive Officer
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	GRUBB & ELLIS HEALTHCARE REIT II ADVISOR, LLC
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	Name:
	 	Jeffrey T. Hanson
	 

	 	Title:
	 	Chief Executive Officer

21

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