Document:

EX-10.1

	 	 	 	 	 	 	 	 	 
	PREPARED BY AND
	 		)		 	 	 	 
	WHEN RECORDED MAIL TO:
	 		)		 	 	 	 
	 
	 		)		 	 	 	 
	Anderson, McCoy & Orta, P.C.
	 		)		 	 	 	 
	100 N. Broadway, Suite 2600
	 	 	 	 	 		)	
	Oklahoma City, Oklahoma 73102
	 		)		 	 	 	 

	J.	 	Michael McCoy )

	 	 	 	 	 	 	 
	Loan No. 03-0235608

AMO File No. 401.717

	 	 	)	 	 	)

SPACE ABOVE THIS LINE

FOR RECORDER’S USE

CONSENT AND ASSUMPTION AGREEMENT

This Consent and Assumption Agreement (“Assumption Agreement”) is dated as of the 30th
day of April, 2010 (“Closing Date”), between and among WELLS FARGO BANK, N.A. (f/k/a WELLS FARGO
BANK MINNESOTA, N.A.), AS TRUSTEE FOR THE REGISTERED HOLDERS OF CREDIT SUISSE FIRST BOSTON MORTGAGE
SECURITIES CORP., COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2003-CPN1 (the
“Noteholder”), whose Master Servicer is Midland Loan Services, Inc. (“Midland”), having an address
of 10851 Mastin, Suite 300, Overland Park, Kansas 66210, G&E HC REIT II HIGHLANDS RANCH MEDICAL
PAVILION, LLC, a Delaware limited liability company (the “Assumptor”), having its address at 1551
N. Tustin Ave., Suite 300, Santa Ana, CA 92705, GRUBB & ELLIS HEALTHCARE REIT II, INC., a
Maryland corporation (the “Substitute Indemnitor”), HRMED, LLC, a Colorado limited liability
company (“Borrower”), having its address at c/o The Colorado Group, Inc., 3434 47th St., Suite 220,
Boulder, Colorado 80301 and WILLIAM SCOTT REICHENBERG, an individual and NEIL LITTMANN, an
individual (William Scott Reichenberg and Neil Littmann are hereinafter singularly and collectively
referred to as the “Original Indemnitor”).

RECITALS:

A. On or about October 18, 2002, Column Financial, Inc., a Delaware corporation (“Original Lender”)
made a certain loan and extended credit in the amount of Four Million Nine Hundred Sixty Eight
Thousand Seven Hundred Fifty and 00/100 Dollars ($4,968,750.00) (the “Loan”) to Borrower, evidenced
by a certain Note (herein defined), security agreements, deeds of trust, mortgages, and other
documents and instruments executed by Borrower and others from time to time (collectively, the
“Loan Documents”), including, but not limited to, those listed on Exhibit “A” attached
hereto and incorporated herein for all purposes.

B. Noteholder is the current owner and holder of the Loan, the Note and the Loan Documents.

C. Borrower, Original Indemnitor, Assumptor and Substitute Indemnitor have agreed to (i) the
assumption by Assumptor of the liabilities and obligations of Borrower under the Note and the other
Loan Documents, and (ii) the assumption by Substitute Indemnitor of the liabilities and obligations
of Original Indemnitor under the Guaranty Agreement and Indemnity Agreement (as defined herein).

D. Borrower, Original Indemnitor, Assumptor and Substitute Indemnitor have requested that
Noteholder approve and consent to (i) the assumption by Assumptor of the liabilities and
obligations of Borrower under the Note and the other Loan Documents, and (ii) the assumption by
Substitute Indemnitor of the liabilities and obligations of Original Indemnitor under the Guaranty
Agreement and Indemnity Agreement.

E. Upon the conditions set forth herein, Noteholder is willing to approve and consent to (i) the
assumption by Assumptor of the liabilities and obligations of Borrower under the Note and the other
Loan Documents, and (ii) the assumption by Substitute Indemnitor of the liabilities and obligations
of Original Indemnitor under the Guaranty Agreement and Indemnity Agreement.

AGREEMENT

In furtherance of the foregoing, Borrower, Original Indemnitor, Assumptor, Substitute Indemnitor
and Noteholder do hereby agree as follows:

1. Assumption by Assumptor. Assumptor hereby assumes and agrees, for the benefit of
Noteholder and its successors and assigns, to be bound by, observe and perform, all past (to the
extent unsatisfied), present and future liabilities, terms, provisions, covenants and obligations
of Borrower under the Note and the other Loan Documents. Assumptor agrees that it will be bound by
all of such terms and provisions, promptly pay all such liabilities and promptly observe and
perform all such covenants and obligations, with the same force and effect as if Assumptor had
originally executed and delivered the Note and other Loan Documents instead of Borrower and as if
Borrower has never and/or had never been released of any obligation and/or liability under the Note
and other Loan Documents. For the period of time from the inception of time up to and including
the Closing Date, a reference in any Loan Document, including the Note, to Borrower, therefore,
shall also be deemed a reference to Assumptor. For the period of time from and after the Closing
Date, a reference in any Loan Document to Borrower shall be deemed a reference to only Assumptor.
Assumptor hereby consents to the release by Noteholder, at any time, of Borrower’s obligations and
liabilities under the Loan Documents; Assumptor hereby acknowledges that any such release of
Borrower shall not affect Assumptor’s obligations and liabilities under the Loan Documents.

2. Assumption by Substitute Indemnitor. As a condition to Noteholder entering into this
Assumption Agreement, Noteholder has required that Substitute Indemnitor assume the obligations and
liabilities of Original Indemnitor under the Guaranty Agreement and Indemnity Agreement described
in Exhibit “A,” and Noteholder would not be entering into this Assumption Agreement without such
assumption of liability by the Substitute Indemnitor. Substitute Indemnitor has a direct or
indirect interest in Assumptor and the transactions described herein are a benefit to Assumptor and
Substitute Indemnitor. Substitute Indemnitor hereby assumes and agrees, for the benefit of
Noteholder and its successors and assigns, to be bound by, observe and perform, all past (to the
extent unsatisfied), present and future liabilities, terms, provisions, covenants and obligations
of Original Indemnitor under the Guaranty Agreement and Indemnity Agreement. Substitute Indemnitor
agrees that it will be bound by all of such terms and provisions, promptly pay all such liabilities
and promptly observe and perform all such covenants and obligations, with the same force and effect
as if Substitute Indemnitor had originally executed and delivered the Guaranty Agreement and
Indemnity Agreement instead of Original Indemnitor and as if Original Indemnitor has never and/or
had never been released of any obligation or liability under any Loan Document. For the period of
time from the inception of time up to and including the Closing Date, a reference in any Loan
Document, including the Note, to Original Indemnitor, therefore, shall also be deemed a reference
to Substitute Indemnitor. For the period of time from and after the Closing Date, a reference in
any Loan Document to Original Indemnitor, shall be deemed a reference to only Substitute
Indemnitor. Substitute Indemnitor hereby consents to the release by Noteholder, at any time, of
Original Indemnitor’s obligations and liabilities under the Loan Documents; Substitute Indemnitor
hereby acknowledges that any such release of Original Indemnitor shall not affect Substitute
Indemnitor’s obligations and liabilities under the Loan Documents.

3. Confirmation of Loan Balance. The parties hereby acknowledge and agree that the
principal balance of the Note as of April 27, 2010, is $4,442,636.76. This amount has been
determined after taking into account the payment received by Noteholder due for April 11, 2010.

4. Confirmation of Reserve Balances. The parties hereby acknowledge and agree that, as of
April 27, 2010, in accordance with the Note and the Loan Documents, the following balances for
impound, reserve and/or escrow accounts are maintained with Noteholder:

	 	 	 	 	 
	Tax Reserve
	 	$	59,282.10	 
	Insurance Reserve
	 	 	2,972.90	 
	TILC Reserve
	 	 	91,341.92	 

Such impound, reserve and/or escrow accounts are hereby assigned by Borrower to Assumptor.

5. Consent to Assumption. Subject to the conditions contained herein, Noteholder hereby
consents to the transfer of the Property (defined below) to Assumptor.

6. Release of Borrower and Original Indemnitor. Subject to the terms of this Assumption
Agreement and as set forth below, Noteholder hereby releases Borrower from further personal
liability under the Note and the other Loan Documents for any acts or events occurring or
obligations arising after the Closing Date which are not caused by, or do not arise out of, any
acts or events occurring or obligations arising prior to or simultaneously with the Closing Date,
and Noteholder hereby releases Original Indemnitor from further personal liability under the
Guaranty Agreement and Indemnity Agreement described in Exhibit “A” for any acts or events
occurring or obligations arising after the Closing Date which are not caused by, or do not arise
out of, any acts or events occurring or obligations arising prior to or simultaneously with the
Closing Date; provided, however, the provisions of this paragraph shall not (i) constitute a
waiver, release or impairment of any obligation under the Note or the Loan Documents of Borrower or
Original Indemnitor for any acts or events occurring, or obligations arising, prior to or
simultaneously with, the Closing Date; (ii) impair the right of Noteholder to name Borrower, for
purposes of extinguishing Borrower’s interest in the Property (which term shall have the same
definition herein as assigned to such term in the Deed of Trust) as a party defendant in any action
or suit for judicial foreclosure and sale under the Deed of Trust; (iii) impair the right of
Noteholder to obtain the appointment of a receiver; (iv) impair the enforcement of the Assignment
of Leases executed in connection with the Deed of Trust; and (v) impair the right of Noteholder to
bring suit against Borrower and/or Original Indemnitor for any acts or events occurring, or
obligations arising, prior to or simultaneously with the Closing Date. Nothing contained in this
section shall (1) be deemed to be a release or impairment of the indebtedness evidenced by the Note
or the lien of the Loan Documents upon the Property, or (2) preclude Noteholder from foreclosing
the Loan Documents in case of any default or from enforcing any of the other rights of Noteholder
except as stated in this paragraph.

7. Conditions. The parties acknowledge that Noteholder has required that on or before the
Closing Date, (i) the Borrower shall have paid the Noteholder all payments under the Loan Documents
which shall have become due and payable as of the Closing Date, (ii) the Assumptor shall have
deposited such sums with the Noteholder to comply with the impound and reserve funds provisions of
the Loan Documents, including, but not limited to, Section 1.6 & 1.7 of the Deed of Trust, (iii)
fee simple title to the Property shall have been conveyed by Borrower to Assumptor, with the
conveyance instrument recorded with the land records recording officer of Douglas County, Colorado,
(iv) all taxes due and payable for the Property must be paid current as of the Closing Date, (v)
the Assumptor shall cause to be delivered to the Noteholder (a) an opinion of counsel, satisfactory
to the Noteholder, in its sole discretion, as to form, substance and rendering attorney, opining to
the validity and enforceability of this Assumption Agreement and the terms and provisions hereof,
and any other agreement executed in connection with the transactions contemplated hereby, the
authority of the Assumptor and Substitute Indemnitor and any constituents of the Assumptor and
Substitute Indemnitor, to execute and deliver this Assumption Agreement and perform their
obligations under the Note and other Loan Documents, and such other matters as reasonably requested
by the Noteholder, and (b) a “state law non-dissolution” opinion of counsel from Delaware counsel
satisfactory to Noteholder in its sole discretion,, (vi) Assumptor and Borrower shall cause to be
delivered to Noteholder, at Borrower’s and Assumptor’s expense, a lender’s title policy, or an
endorsement to an existing lender’s policy, insuring the Deed of Trust as modified by this
Assumption Agreement as a valid first lien on the Property, naming the Noteholder as the insured
thereunder, and naming the Assumptor as owner of the Property, which policy shall insure that, as
of the date of the recording of this Assumption Agreement, the Property shall not be subject to any
additional exceptions or liens other than those conditions in the original title policy insuring
the lien of the Deed of Trust and delivered in connection with the Deed of Trust, (vii) Assumptor
shall obtain, and provide Noteholder with proof thereof satisfactory to Noteholder, insurance for
the Property which satisfies the requirements of the Deed of Trust and Assumptor shall have paid
one year’s premium in advance on such insurance, and (viii) Assumptor shall deliver to Noteholder
such other documents as Noteholder shall reasonably request such as new financing statements or
amendments to existing financing statements. Upon Noteholder’s authorization of the recording of
this Assumption Agreement, Noteholder acknowledges that the above requirements have been waived or
satisfied.

8. Substitution of Persons under Loan Documents. All references to “Bank,” “Lender,”
“Payee,” “Secured Party,” “Mortgagee,” “Assignee” or “Beneficiary” set forth in the Note or any of
the Loan Documents shall be, as of March 1, 2003, deemed to be references to Noteholder.

9. Ratifications. Borrower, Original Indemnitor, Assumptor and Substitute Indemnitor,
hereby agree as follows:

(a) The terms and provisions set forth in this Assumption Agreement shall modify and supersede all
inconsistent terms and provisions set forth in the Note and the Loan Documents and except as
expressly modified and superseded by this Assumption Agreement, the terms and provisions of the
Note and the Loan Documents are ratified and confirmed and shall continue in full force and effect.
Borrower, Original Indemnitor, Assumptor and Substitute Indemnitor agree that the Note and the
Loan Documents, as amended hereby, shall continue to be legal, valid, binding and enforceable in
accordance with their respective terms; and

(b) Borrower and Assumptor hereby ratify, confirm, and to the extent it will not release,
terminate, interfere with or otherwise do away with any and all existing liens, security interests
or encumbrances securing the Note, grant and regrant to Noteholder any and all liens, security
interests and encumbrances created thereby (to the extent collateral covered by the Loan Documents
has not previously been released in writing by the beneficiary of the liens, security interests and
encumbrances), and agree that: (i) same shall be for the benefit of and to secure the Note, as
amended hereby, and all other indebtedness described in the Loan Documents, (ii) the assumption by
Assumptor of the Note and the Loan Documents shall in no manner affect or impair the liens,
security interests or encumbrances securing the Note, (iii) said liens, security interests or
encumbrances shall not in any manner be waived, the purpose of this Assumption Agreement being to
permit Assumptor to assume the obligations of Borrower under the Note and the Loan Documents, and
(iv) the liens, security interests and encumbrances created by the Loan Documents are acknowledged
by Borrower and Assumptor to be valid and subsisting as security for and for the benefit of the
Note and all other indebtedness described in the Loan Documents.

10. Representations and Warranties.

(a) Each of Borrower, Original Indemnitor, Assumptor and Substitute Indemnitor (each as to itself
only) hereby represents and warrants to Noteholder that the execution, delivery and performance of
this Assumption Agreement and any and all other documents executed and/or delivered in connection
herewith have been authorized by all requisite company, partnership or corporate action and do not
and will not violate its charter, its partnership agreement, its articles of organization and
operating agreement, or its bylaws and articles of incorporation, its trust agreement, as the case
may be.

(b) Borrower and Original Indemnitor (each as to itself only) represent and warrant to Noteholder,
Assumptor and Substitute Indemnitor that neither of Borrower nor Original Indemnitor is in default
under the Loan Documents as of the date of this Assumption Agreement, nor to their actual conscious
knowledge, is any other party in default in default under the Loan Documents as of the date of this
Assumption Agreement, and to their actual conscious knowledge, there is no event which but for the
giving of notice on the passage of time could become a default under the Loan Documents as of the
date of this Assumption Agreement.

(c) Noteholder represents and warrants, that after giving effect to the terms of this Assumption
Agreement and based upon the actual conscious knowledge of Noteholder, there exists no event of
default based upon failure to make payments on the Note as and when due.

(d) Without limiting the provisions of this Assumption Agreement and the Loan Documents, Assumptor
hereby represents, warrants and covenants unto Noteholder as of the date hereof that Assumptor
complies and will comply with Section 1.32 of the Deed of Trust.

(e) Substitute Indemnitor hereby represents and warrants to Noteholder that there has been no
adverse change in the financial position of the Substitute Indemnitor from the financial position
of the Substitute Indemnitor as set forth in the financial information provided by Substitute
Indemnitor to Midland in connection with this transaction.

(f) Assumptor and Substitute Indemnitor hereby represent and warrant to Noteholder that all funds
provided by Assumptor’s constituents to Assumptor are in the form of capital contributions and are
not loans to Assumptor. Assumptor and Substitute Indemnitor hereby represent and warrant to
Noteholder that neither the Property nor the membership interests in Assumptor have been pledged or
encumbered in connection with the acquisition of the Property by Assumptor.

(g) Assumptor and Substitute Indemnitor further represent and warrant to Noteholder that neither
Assumptor or Substitute Indemnitor, nor are any principals, affiliates or persons holding direct or
indirect interests in Assumptor or Substitute Indemnitor, listed or classified as “Non-Qualified
Persons” or “Embargoed Persons” as those terms are more particularly defined on Exhibit “B”
attached hereto and made a part hereof.

11. Event of Default. A breach of any term of this Assumption Agreement by either
Substitute Indemnitor or Assumptor shall be an Event of Default (as defined in the Deed of Trust)
under the Deed of Trust, and Noteholder shall have such remedies as are available under the law
and/or Deed of Trust.

12. Insurance. At all times, Assumptor shall comply with all terms of the Loan Documents,
including the insurance requirements of the Deed of Trust. Although Noteholder may accept certain
evidence of insurance for purposes of closing the loan assumption, Noteholder does not waive any of
the insurance provisions of the Deed of Trust.

13. Releases, Covenants Not to Litigate, and Assignments. For the period of time from the
inception of time to and including the date of recordation of this Assumption Agreement, and in
consideration for Noteholder’s consent to the assumption of the Note and Loan Documents described
herein, Borrower, Original Indemnitor, Assumptor and Substitute Indemnitor hereby agree as follows
(Borrower, Original Indemnitor, Assumptor and Substitute Indemnitor are herein sometimes
collectively referred to as “Releasing Parties”):

(a) Each of the Releasing Parties hereby: (i) fully and finally acquits, quitclaims, releases and
discharges each of the Released Parties (the term “Released Parties” shall be defined as
Noteholder, Original Lender, Midland and their respective officers, directors, shareholders,
representatives, employees, servicers, agents and attorneys) of and from any and all obligations,
claims, liabilities, damages, demands, debts, liens, deficiencies or cause or causes of action
(including claims and causes of action for usury) to, of or for the benefit (whether directly or
indirectly) of the Releasing Parties, or any or all of them, at law or in equity, known or unknown,
contingent or otherwise, whether asserted or unasserted, whether now known or hereafter discovered,
whether statutory, in contract or in tort, as well as any other kind or character of action now
held, owned or possessed (whether directly or indirectly) by the Releasing Parties or any or all of
them on account of, arising out of, related to or concerning, whether directly or indirectly,
proximately or remotely the Note or any of the Loan Documents, the Loan, or this Assumption
Agreement; (ii) waives any and all defenses to payment of the Note for any reason; and (iii) waives
any and all defenses, counterclaims or offsets to the Loan Documents (the foregoing (i), (ii) and
(iii) are collectively, the “Released Claims”);

(b) In addition to the releases contained hereinabove, and not in limitation thereof, each of the
Releasing Parties hereby agrees that none of them shall ever prosecute, or voluntarily aid in the
prosecution of, any of the Released Claims, whether by claim, counter-claim or otherwise; and

(c) If, and to the extent that, any of the Released Claims are, for any reason whatsoever, not
released and discharged pursuant to the provisions of paragraph (a) above, each of the Releasing
Parties hereby absolutely and unconditionally grants, sells, bargains, transfers, assigns and
conveys unto Noteholder each and every of the Released Claims and any proceeds, settlements and
distributions relating thereto.

15. Survival of Representations and Warranties. All representations and warranties made in
this Assumption Agreement or any other document executed in connection herewith, shall survive the
execution and delivery of this Assumption Agreement and any other documents executed in connection
herewith, and no investigation by Noteholder for any closing shall affect the representations and
warranties or the right of Noteholder to rely upon them.

16. Expenses of Noteholder. Assumptor hereby agrees to pay Noteholder on demand all costs
and expenses incurred by Noteholder in connection with the preparation, negotiation and execution
of this Assumption Agreement and the other Loan Documents and/or other documents executed pursuant
hereto and any and all amendments, modifications and supplements thereto, including, without
limitation, the costs and fees of Noteholder’s legal counsel. Without limiting the foregoing,
contemporaneously with the execution and delivery hereof, the Borrower and Assumptor shall pay, or
cause to be paid an assumption fee to the Noteholder in the amount of One Percent of the principal
balance of the Loan.

17. Notices. All notices or other communications required or permitted to be given shall
be given and effective in accordance with the Note and Loan Documents. For purposes of notices,
the addresses of the parties shall be as follows:

	 	 	NOTEHOLDER: WELLS FARGO BANK, N.A. (f/k/a WELLS FARGO BANK MINNESOTA, N.A.), AS TRUSTEE FOR
THE REGISTERED HOLDERS OF CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., COMMERCIAL
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2003-CPN1

? Midland Loan Services, Inc.

10851 Mastin, Suite 300

Overland Park, KS 66210

Attn: Tad A. Janssen

Telecopy: 913-253-9001

with a copy to:

Steven S. Bartels, Esq.

Senior Counsel

Midland Loan Services, Inc.

10851 Mastin, Suite 700

Building 82, Corporate Woods

Overland Park, KS 66210

Telecopy: 913-253-9001

ASSUMPTOR AND SUBSTITUTE INDEMNITOR:

c/o G&E HC REIT II Highlands Ranch Medical Pavilion, LLC

Attn: Mathieu Streiff, Esq.

1551 N. Tustin Ave., Suite 300

Santa Ana, CA 92705

Telephone: 714-975-2241

Telecopy: 714-918-9102

with a copy to:

Joseph J. McQuade

Gregory Kaplan, PLC

7 East Second St.

Richmond, VA 23224

Telephone: 804-916-9027

Telecopy: 804-916-9127

BORROWER AND ORIGINAL INDEMNITOR (S):

c/o HRMED, LLC

W. Scott Reichenberg

c/o The Colorado Group, Inc.,

3434 47th St., Suite 220,

Boulder, Colorado 80301

Telephone: 303-449-2131

Telecopy: 303-449-8250

with a copy to:

Bruce D. Dierking

Packard and Dierking, LLC

2595 Canyon Blvd., Suite 200

Boulder, CO 80302-5620

Telephone: 303-447-0450

Telecopy: 303-447-0451

18. Severability. Any provision of this Assumption Agreement held by a court of competent
jurisdiction to be invalid or unenforceable shall not impair or invalidate the remainder of this
Assumption Agreement and the effect thereof shall be confined to the provision so held to be
invalid or unenforceable.

19. APPLICABLE LAW. THIS ASSUMPTION AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE FOR WHICH THE LOAN DOCUMENTS PROVIDE THAT THE LOAN DOCUMENTS
ARE TO BE GOVERNED BY AND CONSTRUED WITH.

20. Successors and Assigns. This Assumption Agreement is binding upon and shall inure to
the benefit of Noteholder, Borrower, Original Indemnitor, Assumptor and Substitute Indemnitor and
their respective successors and assigns, except that the Borrower, Original Indemnitor, Assumptor
and Substitute Indemnitor may not assign or transfer any of their respective rights or obligations
hereunder without the prior written consent of Noteholder except for assignments or transafers
permitted under the Loan Documents, as modified hereby.

21. Counterparts. This Assumption Agreement may be executed in one or more counterparts,
each of which when so executed shall be deemed to be an original, but all of which when taken
together shall constitute one and the same instrument.

22. Headings. The headings, captions and arrangements used in this Assumption Agreement
are for convenience only and do not affect the interpretations of this Assumption Agreement.

23. Effect of Waiver. No failure on the part of Noteholder to exercise and no delay in
exercising, and no course of dealing with respect to, any right, power or privilege under this
Assumption Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of
any right, power or privilege under this Assumption Agreement preclude any other right, power or
privilege. The rights and remedies provided for in this Assumption Agreement, the Note and the
other Loan Documents are cumulative and not exclusive of any rights and remedies provided by law.

24. Further Assurances. Borrower, Original Indemnitor, Assumptor and Substitute Indemnitor
agree that Noteholder may file an original or photocopy of this Assumption Agreement as a mortgage
or deed of trust or as amendment to a mortgage or deed of trust wherever deemed appropriate by
Noteholder. Borrower, Original Indemnitor, Assumptor and Substitute Indemnitor agree to execute
and deliver to Noteholder such security agreements, financing statements, deeds of trust,
mortgages, assignments (and supplemental deeds of trust, mortgages, assignments, security
agreements and financing statements) and other documents and instruments and to do such other
things as Noteholder may reasonably request or deem necessary in order to perfect and maintain the
security interests, liens and encumbrances created and confirmed hereunder, or to further implement
the provisions of this Assumption Agreement. Assumptor and Substitute Indemnitor authorize
Noteholder to file such financing statements or amendments to financing statements as Noteholder
may reasonably request or deem necessary in order to perfect and maintain the security interests,
liens and encumbrances created and/or confirmed hereunder, or to further implement the provisions
of this Assumption Agreement.

25. Transferability. Notwithstanding anything contained in the Loan Documents to the
contrary, Noteholder shall have the right to assign or transfer all or part of its rights, duties
and obligations under the Loan Documents to a transferee who may or may not be a holder of the Note
and such transferee shall be entitled to all of the rights and benefits of Noteholder under the
Loan Documents.

26. Furnishing Information. Borrower, Original Indemnitor, Assumptor and Substitute
Indemnitor agree that Noteholder may furnish any financial or other information concerning any such
persons heretofore or hereafter provided by any such persons to Noteholder, to any prospective or
actual purchaser of any participation or other interest in the Loans or to any prospective or
actual purchaser of any securities issued or to be issued by Noteholder, or to any rating agencies.

26. Repair and Remediation Reserve. Prior to the execution of this Assumption Agreement,
Noteholder has caused the Property to be inspected and such inspection has revealed that the
Property is in need of certain maintenance, repairs and/or remedial or corrective work.
Contemporaneously with the execution hereof, Assumptor has established with Noteholder a reserve in
the amount of 125% of the estimated costs of the repairs, which amount is $8,750.00 (the
“Repair and Remediation Reserve”) by depositing such amount with Noteholder. Assumptor
shall cause each of the items identified in that certain Property Condition Report performed by
Nova Consulting on March 10, 2010 (the “Deferred Maintenance”) to be completed, performed,
remediated and corrected to the satisfaction of Noteholder on or before the expiration of six (6)
months after the Closing Date hereof, as such time period may be extended by Noteholder in its sole
discretion. So long as no default hereunder or under the other Loan Documents has occurred and is
continuing, all sums in the Repair and Remediation Reserve shall be held by Noteholder in the
Repair and Remediation Reserve to pay the costs and expenses of completing the Deferred
Maintenance. So long as no default hereunder or under the other Loan Documents has occurred and is
continuing, Noteholder shall, to the extent funds are available for such purpose in the Repair and
Remediation Reserve, disburse to Assumptor the amount paid by Assumptor in completing, performing,
remediating or correcting the Deferred Maintenance within thirty (30) days after (a) receipt by
Noteholder of a written request from Assumptor for disbursement from the Repair and Remediation
Reserve and a certification by Assumptor in a form as may be required by Noteholder that the
applicable item of Deferred Maintenance has been completed in accordance with the terms of this
Assumption, (b) delivery to Noteholder of invoices, receipts or other evidence satisfactory to
Noteholder verifying the costs of the Deferred Maintenance to be reimbursed, and (c) delivery to
Noteholder of affidavits, lien waivers or other evidence reasonably satisfactory to Noteholder
showing that all materialmen, laborers, subcontractors and any other parties who might or could
claim statutory or common law liens and are furnishing or have furnished materials or labor to the
Property have been paid all amounts due for such labor and materials furnished to the Property.
Noteholder shall not be required to make advances from the Repair and Remediation Reserve more
frequently than once in any thirty (30) day period. In making any payment from the Repair and
Remediation Reserve, Noteholder shall be entitled to rely on such request from Assumptor without
any inquiry into the accuracy, validity or contestability of any such amount. Assumptor hereby
grants to Noteholder, as additional security for payment of the indebtedness secured hereby, a
security interest in the Repair and Remediation Reserve. The Repair and Remediation Reserve shall
not, unless otherwise explicitly required by applicable law, bear interest or be deemed to be
escrow or trust funds, but at Noteholder’s option and in Noteholder’s discretion, may either be
held in a separate account or be commingled by Noteholder with the general funds of Noteholder.
The Repair and Remediation Reserve is solely for the protection of Noteholder and entails no
responsibility on Noteholder’s part beyond the payment of the costs and expenses described in this
paragraph in accordance with the terms hereof and beyond the allowing of due credit for the sums
actually received. . In the event that the amounts on deposit or available in the Repair and
Remediation Reserve are inadequate to pay the costs of the Deferred Maintenance, Assumptor shall
pay the amount of such deficiency. Upon assignment of the Loan Documents by Noteholder, any funds
in the Repair and Remediation Reserve shall be turned over to the assignee and any responsibility
of Noteholder, as assignor, with respect thereto shall terminate. If there is a default hereunder
or under the other Loan Documents which is not cured within any applicable grace or cure period,
Noteholder may, but shall not be obligated to, apply at any time the balance then remaining in the
Repair and Remediation Reserve against the indebtedness secured hereby in whatever order Noteholder
shall subjectively determine. No such application of the Repair and Remediation Reserve shall be
deemed to cure any default hereunder. Upon the earlier to occur of full payment of the
indebtedness secured hereby in accordance with its terms, the completion of the Deferred
Maintenance to the satisfaction of Noteholder or at such earlier time as Noteholder may elect, the
balance of the Repair and Remediation Reserve then in Noteholder’s possession shall be paid over to
Assumptor and no other party shall have any right or claim thereto.

27. Replacement Reserve. As additional security for the indebtedness secured by the Deed
of Trust, Assumptor shall establish and maintain at all times while the Deed of Trust continues in
effect a reserve (the “Replacement Reserve”) with Noteholder for payment of costs and
expenses incurred by Assumptor in connection with the performance of work to the roofs, chimneys,
gutters, carpet, appliances, landscaping, signs, downspouts, paving, curbs, ramps, driveways,
balconies, porches, patios, exterior walls, exterior doors and doorways, windows, elevators and
mechanical and HVAC equipment and such other items as the Noteholder may approve from time to time
(collectively, the “Repairs”). Commencing on the first monthly payment date under the Note
which occurs after the Closing Date and continuing thereafter on each monthly payment date under
the Note, Assumptor shall pay to Noteholder, concurrently with and in addition to the monthly
payment due under the Note and until the Note and all other indebtedness secured by the Deed of
Trust is fully paid and performed, a deposit to the Replacement Reserve in an amount equal to
$1,230.00 per month. So long as no default hereunder or under the other Loan Documents has
occurred and is continuing, all sums in the Replacement Reserve shall be held by Noteholder in the
Replacement Reserve to pay the costs and expenses of the Repairs. So long as no default hereunder
or under the other Loan Documents has occurred and is continuing beyond any applicable cure period
as provided in the Note and/or the Loan Documents, Noteholder shall, to the extent funds are
available for such purpose in the Replacement Reserve, disburse to Assumptor the amount paid by
Assumptor in performing such Repairs within thirty (30) days following: (1) receipt by Noteholder
of a written request from Assumptor for disbursement from the Replacement Reserve and a
certification by Assumptor in a form approved in writing by Noteholder that the applicable item of
Repair has been completed; (2) delivery to Noteholder of invoices, receipts or other reasonable
evidence satisfactory to Noteholder, verifying the cost of performing the Repairs; (3) delivery to
Noteholder of affidavits, lien waivers or other evidence reasonably satisfactory to Noteholder
showing that all materialmen, laborers, subcontractors and any other parties who might or could
claim statutory or common law liens and are furnishing or have furnished material or labor to the
Property have been paid all amounts due for labor and materials furnished to the Property; (4)
delivery to Noteholder of a certification from an inspecting architect or other third party
acceptable to Noteholder describing the completed Repairs and verifying the completion of the
Repairs and the value of the completed Repairs: and (5) delivery to Noteholder of a new certificate
of occupancy for the portion of the Improvements (as defined in the Deed of Trust) covered by such
Repairs, if said new certificate of occupancy is required by applicable law, or a certification by
Assumptor that no new certificate of occupancy is required. Noteholder shall not be required to
make advances from the Replacement Reserve more frequently than once in any thirty (30) day period
or in amounts less than $2,500.00. In making any payment from the Replacement Reserve, Noteholder
shall be entitled to rely on such request from Assumptor without any inquiry into the accuracy,
validity or contestability of any such amount. Noteholder may, at Assumptor’s expense, make or
cause to be made during the term of the Deed of Trust an annual inspection of the Property to
determine the need, as determined by Noteholder in its reasonable judgment, for further Repairs of
the Property. In the event that such inspection reveals that further Repairs of the Property are
required, Noteholder shall provide Assumptor with a written description of the required Repairs and
Assumptor shall complete such Repairs to the reasonable satisfaction of Noteholder within thirty
(30) days after the receipt of such description from Noteholder, or such later date as may be
approved by Noteholder in its sole discretion. The Replacement Reserve shall be deposited in an
interest bearing account and accrue interest in the same manner as the TILC Reserve accrues
interest under Section 4.28 of the Deed of Trust. At Noteholder’s option and in Noteholder’s
discretion, the Replacement Reserve funds may either be held in a separate account or be commingled
by Noteholder with the general funds of Noteholder. The Replacement Reserve is solely for the
protection of Noteholder and entails no responsibility on Noteholder’s part beyond the payment of
the costs and expenses described in this Section in accordance with the terms hereof and beyond the
allowing of due credit for the sums actually received. In the event that the amounts on deposit or
available in the Replacement Reserve are inadequate to pay the cost of the Repairs, Assumptor shall
pay the amount of such deficiency. Upon assignment of this Deed of Trust by Noteholder, any funds
in the Replacement Reserve shall be turned over to the assignee and any responsibility of
Noteholder, as assignor, with respect thereto shall terminate. If there is a default under the
Deed of Trust which is not cured within any applicable grace or cure period, Noteholder may, but
shall not be obligated to, apply at any time the balance then remaining in the Replacement Reserve
against the indebtedness secured by the Deed of Trust hereby in whatever order Noteholder shall
subjectively determine. No such application of the Replacement Reserve shall be deemed to cure any
default under the Deed of Trust. Upon full payment of the indebtedness secured hereby in
accordance with its terms or at such earlier time as Noteholder may elect, the balance of the
Replacement Reserve then in Noteholder’s possession shall be paid over to Assumptor and no other
party shall have any right or claim thereto.

	28.	 	Amendments to Loan Documents. The Loan Documents shall be amended as follows:

a. As of the Closing Date and continuing until satisfaction of the Note and the Deed of Trust,
Section 1.7(a) of the Deed of Trust shall be amended as follows: The monthly deposit amount of the
“TILC Reserve” as set forth in Section 1.7(a) of the Deed of Trust (defined below) is hereby
increased from $3,600.00 to $6,084.00.

b. Notwithstanding anything to the contrary in the Loan Documents, no consent of or notice to
Beneficiary shall be required in connection with, and Assumptor and Substitute Indemnitor shall
expressly be permitted to effect: (i) the transfer or issuance of (a) any securities or direct or
indirect interests in any direct or indirect owner of Assumptor that is publicly traded on a
national exchange (including, without limitation, GRUBB & ELLIS HEALTHCARE REIT II, Inc.);
provided, however, that transfers involving more than 49% of any direct or indirect owner of
Assumptor shall be governed by subparagraph (ii)(a) below and shall be subject to the “Post-Merger
Requirements” (as hereinafter defined); and/or (b) any limited partnership interests in GRUBB &
ELLIS HEALTHCARE REIT II HOLDINGS, LP or any GRUBB & ELLIS HEALTHCARE REIT II HOLDINGS, LP Merger
Successor (as hereinafter defined); and/or (ii) so long as the Post-Merger Requirements are
satisfied, (a) any merger between GRUBB & ELLIS HEALTHCARE REIT II, INC. or GRUBB & ELLIS
HEALTHCARE REIT II HOLDINGS, LP and another entity (regardless of which entity is the surviving
entity; any such entity is referred to as a “Merger Successor”; a successor to GRUBB & ELLIS
HEALTHCARE REIT II, INC. is referred to as an “GRUBB & ELLIS HEALTHCARE REIT II, INC. Merger
Successor,” and a successor to GRUBB & ELLIS HEALTHCARE REIT II HOLDINGS, LP is referred to as an
“GRUBB & ELLIS HEALTHCARE REIT II HOLDINGS, LP Merger Successor”); (b) a corporate reorganization
of GRUBB & ELLIS HEALTHCARE REIT II, INC., any GRUBB & ELLIS HEALTHCARE REIT, INC. Merger
Successor, GRUBB & ELLIS HEALTHCARE REIT II HOLDINGS, LP or any GRUBB & ELLIS HEALTHCARE REIT II
HOLDINGS, LP Merger Successor; and/or (c) any modification to the organizational structure or
organizational documents of GRUBB & ELLIS HEALTHCARE REIT II, INC., any GRUBB & ELLIS HEALTHCARE
REIT, INC. Merger Successor, GRUBB & ELLIS HEALTHCARE REIT II HOLDINGS, LP or any GRUBB & ELLIS
HEALTHCARE REIT II HOLDINGS, LP Merger Successor. For the purposes of this Section 28 (b),
“Post-Merger Requirements” shall mean the following: (i) the Property continues to be managed by
(a) an affiliate of either GRUBB & ELLIS HEALTHCARE REIT II, INC., any GRUBB & ELLIS HEALTHCARE
REIT II, INC. Merger Successor or Grubb & Ellis Company, a Delaware limited liability company; or
(b) a reputable professional management organization reasonably approved by Lender based upon
Beneficiary’s then-current standards for property managers for similar properties; (ii) GRUBB &
ELLIS HEALTHCARE REIT II, INC. or a GRUBB & ELLIS HEALTHCARE REIT II, INC. Merger Successor is the
sole general partner or sole manager of GRUBB & ELLIS HEALTHCARE REIT II HOLDINGS, LP or GRUBB &
ELLIS HEALTHCARE REIT II HOLDINGS, LP Merger Successor; (iii) GRUBB & ELLIS HEALTHCARE REIT II,
INC. or GRUBB & ELLIS HEALTHCARE REIT II, INC. Merger Successor shall continue to own at least 10
office properties of similar class to the Property containing in the aggregate at least 1 million
square feet of gross leasable area; and (iv) GRUBB & ELLIS HEALTHCARE REIT II, INC. or GRUBB &
ELLIS HEALTHCARE REIT II, INC. Merger Successor shall have a net worth of at least $250,000,000.00.

b. Notwithstanding anything to the contrary in the Loan Documents, the parties acknowledge and
agree that Section 1.18(b) of the Deed of Trust shall be deleted in its entirety and replaced with
the following, “(b) quarterly operating statements for the Property, within thirty (30) days after
the end of each March, June, September and December;”.

c. For so long as Assumptor is obligated under the Loan Documents, to the extent Section 1.18(d) of
the Deed of Trust requires annual financial statements for GRUBB & ELLIS HEALTHCARE REIT II
HOLDINGS, LP, Assumptor shall be permitted to provide Noteholder with consolidated financial
statements for Substitute Indemnitor, or any GRUBB & ELLIS HEALTHCARE REIT, INC. Merger Successor,
which consolidated financial statements shall include GRUBB & ELLIS HEALTHCARE REIT II HOLDINGS, LP
and may also include other affiliates and/or subsidiaries of Substitute Indemnitor.

29. ENTIRE AGREEMENT. THIS ASSUMPTION AGREEMENT AND THE LOAN DOCUMENTS AND ALL OTHER
INSTRUMENTS, DOCUMENTS AND AGREEMENTS EXECUTED AND DELIVERED IN CONNECTION WITH THIS ASSUMPTION
AGREEMENT EMBODY THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES HERETO AND SUPERSEDE ANY AND ALL
PRIOR COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL,
RELATING TO THIS ASSUMPTION AGREEMENT, AND MAY NOT BE CONTRADICTED OR VARIED BY EVIDENCE OF PRIOR,
CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS OF THE PARTIES HERETO. THERE ARE NO
ORAL AGREEMENTS AMONG THE PARTIES HERETO. ASSUMPTOR AND SUBSTITUTE INDEMNITOR (S) HAVE EXAMINED
THE DEED OF TRUST, GUARANTY AGREEMENT AND INDEMNITY AGREEMENT, AND ACKNOWLEDGE THAT SUCH DOCUMENTS
HAVE PROVISIONS IN THEM WHICH INCLUDE INDEMNIFICATION OF NOTEHOLDER, INCLUDING INDEMNIFICATION FOR
NOTEHOLDER’S OWN NEGLIGENCE.

THE GUARANTY AGREEMENT AND INDEMNITY AGREEMENT, THE LOAN DOCUMENTS, AND THIS ASSUMPTION AGREEMENT
EMBODY THE ENTIRE AGREEMENT OF SUBSTITUTE INDEMNITOR AND NOTEHOLDER WITH RESPECT TO SUBSTITUTE
INDEMNITOR’S OBLIGATIONS UNDER THE LOAN DOCUMENTS AND SUPERSEDES ANY AND ALL PRIOR COMMITMENTS,
AGREEMENTS, REPRESENTATIONS, AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL, RELATING TO THE SUBJECT
MATTER OF THE GUARANTY AGREEMENT AND INDEMNITY AGREEMENT, THE LOAN DOCUMENTS AND THE ASSUMPTION
AGREEMENT. THE GUARANTY AGREEMENT AND INDEMNITY AGREEMENT AND THIS ASSUMPTION AGREEMENT ARE
INTENDED BY SUBSTITUTE INDEMNITOR AND NOTEHOLDER AS A FINAL AND COMPLETE EXPRESSION OF THE TERMS OF
THE GUARANTY AGREEMENT AND INDEMNITY AGREEMENT AND THE ASSUMPTION AGREEMENT, AND NO COURSE OF
DEALING BETWEEN ORIGINAL INDEMNITOR, SUBSTITUTE INDEMNITOR AND/OR NOTEHOLDER, NO COURSE OF
PERFORMANCE, NO TRADE PRACTICES, AND NO EVIDENCE OR PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL
AGREEMENTS OR DISCUSSIONS OR OTHER EXTRINSIC EVIDENCE OF ANY NATURE SHALL BE USED TO CONTRADICT,
VARY, SUPPLEMENT OR MODIFY ANY TERM OF THE GUARANTY AGREEMENT AND INDEMNITY AGREEMENT, THE LOAN
DOCUMENTS AND THIS ASSUMPTION AGREEMENT. THERE ARE NO ORAL AGREEMENTS BETWEEN SUBSTITUTE
INDEMNITOR AND NOTEHOLDER.

[SIGNATURE PAGES TO FOLLOW]

1

EXECUTED as of the date first written above.

NOTEHOLDER:

WELLS FARGO BANK, N.A. (f/k/a WELLS FARGO BANK MINNESOTA, N.A.), AS TRUSTEE FOR THE REGISTERED
HOLDERS OF CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., COMMERCIAL MORTGAGE PASS-THROUGH
CERTIFICATES, SERIES 2003-CPN1

By: Midland Loan Services, Inc., its Master Servicer

By: /s/ Steve W. Smith

Name: Steve W. Smith

Title: Executive Vice President

ASSUMPTOR:

G&E HC REIT II HIGHLANDS RANCH MEDICAL PAVILION, LLC,

a Delaware limited liability company

By: /s/ Andrea R. Biller

Name: Andrea R. Biller

Title: Authorized Signatory

SUBSTITUTE INDEMNITOR:

GRUBB & ELLIS HEALTHCARE REIT II INC,

a Maryland corporation

By: /s/ Shannon K S Johnson

Name: Shannon K S Johnson

Title: Chief Financial Officer

BORROWER:

HRMED, LLC, a Colorado limited liability company

By: /s/ William Scott Reichenberg

Name: William Scott Reichenberg

Title: Manager

ORIGINAL INDEMNITOR:

/s/ William Scott Reichenberg

WILLIAM SCOTT REICHENBERG, individually

/s/ Neil Littmann

NEIL LITTMANN, individually

ACKNOWLEDGMENT FOR NOTEHOLDER

	 	 	 
	STATE OF KANSAS

COUNTY OF JOHNSON

	 	§

§

§

This instrument was acknowledged before me on this 29th day of April, 2010, by Steve W.
Smith as Executive Vice President of Midland Loan Services, Inc., as Master Servicer of WELLS FARGO
BANK, N.A. (f/k/a WELLS FARGO BANK MINNESOTA, N.A.), AS TRUSTEE FOR THE REGISTERED HOLDERS OF
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., COMMERCIAL MORTGAGE PASS-THROUGH
CERTIFICATES, SERIES 2003-CPN1

[ S E A L ]

/s/ Matthew B. Braman

Matthew B. Braman

Notary Public

My Appointment Expires:

May 28, 2011

ACKNOWLEDGMENT FOR ASSUMPTOR

	 	 	 
	STATE OF CALIFORNIA

COUNTY OF ORANGE

	 	§

§

§

The foregoing instrument was acknowledged before me this 29th day of April, 2010, by
Andrea R. Biller, as Authorized Signatory of G& E HC REIT II HIGHLANDS RANCH MEDICAL PAVILION, LLC,
a Delaware limited liability company.

Given under my hand and seal of office the day and year last above written.

/s/ P.C. Han

P.C. Han

My Commission Expires:

June 25, 2011

ACKNOWLEDGMENT FOR SUBSTITUTE INDEMNITOR

	 	 	 
	STATE OF CALIFORNIA

COUNTY OF ORANGE

	 	§

§

§

The foregoing instrument was acknowledged before me this 29th day of April, 2010, by
Shannon K S Johnson, as Chief Financial Officer of Grubb & Ellis Healthcare REIT II, Inc., a
Maryland corporation.

Given under my hand and seal of office the day and year last above written.

/s/ P.C. Han

P.C. Han

My Commission Expires:

June 25, 2011

ACKNOWLEDGMENT FOR BORROWER

	 	 	 	 	 
	STATE OF COLORADO§
	 	 
	COUNTY OF

	 	§

BOULDER
	 	

§

This instrument was acknowledged before me on this 29th day of April, 2010, by William
Scott Reichenberg, as Manager of HRMED, LLC, a Colorado limited liability company on behalf of said
company.

Given under my hand and seal of office the day and year last above written.

/s/ Renita M. Jolley

Renita M. Jolley

Notary Public, State of Colorado

My Commission Expires:

July 27, 2011

ACKNOWLEDGMENT FOR ORIGINAL INDEMNITOR:

	 	 	 	 	 
	STATE OF COLORADO§
	 	 
	COUNTY OF

	 	§

BOULDER
	 	

§

This instrument was acknowledged before me on this 29th day of April, 2010, by WILLIAM
SCOTT REICHENBERG, an individual.

Given under my hand and seal of office the day and year last above written.

/s/ Renita M. Jolley

Renita M. Jolley

Notary Public, State of Colorado

My Commission Expires:

July 27, 2011

	 	 	 	 	 
	STATE OF COLORADO§
	 	 
	COUNTY OF

	 	§

BOULDER
	 	

§

This instrument was acknowledged before me on this 29th day of April, 2010, by NEIL
LITTMANN, an individual.

Given under my hand and seal of office the day and year last above written.

/s/ Renita M. Jolley

Renita M. Jolley

Notary Public, State of Colorado

My Commission Expires:

July 27, 2011

2EX-10.2

ASSIGNMENT OF MANAGEMENT AGREEMENT AND

SUBORDINATION OF MANAGEMENT FEES

THIS ASSIGNMENT OF MANAGEMENT AGREEMENT AND SUBORDINATION OF MANAGEMENT FEES (“Assignment”) is
made as of the 30th day of April, 2010, by and between G&E HC REIT II HIGHLANDS RANCH
MEDICAL PAVILION, LLC, a Delaware limited liability company (“Assumptor”), having a principal place
of business at 1551 N. Tustin Ave., Suite 300, Santa Ana, California 92705 to WELLS FARGO BANK,
N.A. (f/k/a WELLS FARGO BANK MINNESOTA, N.A.), AS TRUSTEE FOR THE REGISTERED HOLDERS OF CREDIT
SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES,
SERIES 2003-CPN1 (“Noteholder”), whose Master Servicer is Midland Loan Services, Inc., a Delaware
corporation (“Midland”), having an address of 10851 Mastin, Suite 300, Overland Park, Kansas 66210
and is acknowledged and consented to by Grubb & Ellis Equity Advisors, Property Management, Inc., a
Delaware corporation (“Property Manager”).

RECITALS:

A. Noteholder is the owner, creditor, and holder of a loan (the “Loan”) originally made to
HRMED, LLC, a Colorado limited liability company (“Borrower”) evidenced by that certain Promissory
Note (the “Note”) dated October 18, 2002 in the original principal amount of $4,968,750.00 executed
by Borrower payable to the order of Column Financial, Inc. a Delaware corporation (the “Original
Lender”), which Loan is also evidenced by that certain Note, Deed of Trust (herein defined) and
security agreement, assignment of leases and rents, security agreement(s), financing statement(s),
indemnity agreement(s) executed by Borrower and others from time to time (collectively, the “Loan
Documents”);

B The loan is secured by, among other things, a Deed of Trust and Security Agreement (the
“Deed of Trust”), dated as of October 18, 2002, from Borrower for the benefit of Original Lender,
which grants Noteholder a first lien on the property encumbered thereby (the “Property”), a legal
description of the real estate comprising a part of such Property is attached hereto as Exhibit
“A;”

C. The Borrower’s responsibilities and liabilities under the Loan, the Note, the Deed of Trust
and other Loan Documents have been assumed by Assumptor pursuant to a Consent and Assumption
Agreement (the “Assumption Agreement”) executed by Noteholder, Borrower and Assumptor, and this
Assignment is a condition precedent to the Noteholder’s consent to the Assumption Agreement;

D. Property Manager manages the Property pursuant to the Management Agreement (the “Management
Agreement”), a copy of which is attached hereto as Exhibit B, whereby Assumptor employed Property
Manager to rent, lease, operate and manage the Property and Property Manager is entitled to certain
management fees (the “Management Fees”) thereunder; and

E. In consideration of the mutual covenants contained herein and other good and valuable
consideration, the receipt and sufficiency, of which is hereby acknowledged, and in order to induce
Noteholder to consent to the Assumption Agreement and the Management Agreement, the parties hereto
agree as follows:

NOW, THEREFORE, in consideration of the above and the mutual promises contained in this
Assignment, the receipt and sufficiency of which are acknowledged, the parties hereto agree as
follows:

1. Assignment of Management Agreement. As additional security for the Loan, Assumptor
hereby conditionally transfers, sets over and assigns to Noteholder all of Assumptor’s right, title
and interest in and to the Management Agreement, said transfer and assignment to automatically
become a present, unconditional assignment, at Noteholder’s option, in the event of a default by
Assumptor under the Loan Documents and the failure of Assumptor to cure such default within any
applicable grace period.

2. Termination. At such time as the Loan is paid in full and the Deed of Trust is
released of record, this Assignment and all of Noteholder’s right, title and interest hereunder
with respect to the Management Agreement shall terminate.

3. Assumptor’s Covenants. Assumptor hereby covenants with Noteholder that during the
term of this Assignment: (a) Assumptor shall not transfer the responsibility for the management of
the Property from Property Manager to any other person or entity without the prior written consent
of Noteholder, which consent may be withheld by Noteholder in Noteholder’s sole discretion; (b)
Assumptor shall not terminate or amend any of the terms or provisions of the Management Agreement
without the prior written consent of Noteholder, which consent may be withheld by Noteholder in
Noteholder’s sole discretion; and (c) Assumptor shall, in the manner provided for in this
Assignment, give notice to Noteholder of any notice or information that Assumptor receives which
indicates that the Property Manager is terminating the Management Agreement or that the Property
Manager is otherwise discontinuing its management of the Property.

4. Property Manager’s Representations. Property Manager warrants and represents to
Noteholder as of the date hereof that: (a) a true, correct and complete copy of the Management
Agreement is attached hereto as Exhibit B, that the Management Agreement has not been modified or
amended, that the entire agreement between Manager and Assumptor is evidenced by the Management
Agreement; (b) Property Manager has agreed to act as manager of the Property pursuant to the
Management Agreement, (c) the entire agreement between Property Manager and Assumptor for the
management of the Property is evidenced by the Management Agreement, (d) the Management Agreement
constitutes the valid and binding agreement of Property Manager, enforceable in accordance with its
terms, and Property Manager has full authority under all state and local laws and regulations, to
perform all of its obligations under the Management Agreement and (e) Assumptor is not in default
in the performance of any of its obligations under the Management Agreement and all payments and
fees required to be paid by Assumptor to Property Manager thereunder have been paid to the date
hereof.

5. Agreement by Assumptor and Property Manager. Assumptor and Property Manager hereby
agree that Noteholder may, in the exercise of its sole discretion, require that the Management
Agreement be terminated upon 30 days written notice from Noteholder and that Assumptor engage
another property manager satisfactory to Noteholder in its sole discretion; in such event, Property
Manager shall not be entitled to any termination fees and shall only be paid its management fees
for the period of time up until the date of termination. Assumptor and Property Manager hereby
agree that in the event of a default by Assumptor (beyond any applicable grace period) under any of
the Loan Documents during the term of this Assignment or in the event of a default by Property
Manager (beyond any applicable grace period) under the Management Agreement, at the option of
Noteholder exercised by written notice to Assumptor and Property Manager: (a) all rents, security
deposits, issues, proceeds and profits of the Property collected by Property Manager, after payment
of all costs and expenses of operating the Property (including, without limitation, operating
expenses, real estate taxes, insurance premiums, repairs and maintenance and the fees and
commissions payable under the Management Agreement), shall be applied in accordance with
Noteholder’s written directions to Property Manager; (b) Noteholder may exercise its rights under
this Assignment and may immediately terminate the Management Agreement and require Property Manager
to transfer its responsibility for the management of the Property to a management company selected
by Noteholder in Noteholder’s sole and absolute discretion; and (c) Property Manager shall, if
requested by Noteholder, continue performance, on behalf of Noteholder of all of Property Manager’s
obligations under the terms of the Management Agreement with respect to the Property, provided
Noteholder sends to Property Manager the notice set forth in Paragraph 12 hereof and
performs or causes to be performed the obligations of Assumptor to Property Manager under the
Management Agreement accruing or arising from and after, and with respect to the period commencing
upon, the effective date of such notice.

6. Subordination of Management Agreement and Fees. The Management Agreement does not
create an interest in real property or constitute a covenant running with the Property. Assumptor
and Property Manager hereby agree that the Management Agreement and any and all liens, rights
(including the right to receive management fees) and interests (whether choate or inchoate) owed,
claimed or held by Property Manager in and to the Property and the rent and revenue generated
therefrom, are and shall be in all respects subordinate and inferior to the operating expenses for
the Property, the Loan Documents, the liens and security interests created or to be created for the
benefit of Noteholder, its successors and assigns, and securing the repayment of the Note
including, without limitation, those created under the Deed of Trust covering, among other things,
the Property, and filed or to be filed of record in the public records maintained for the recording
of mortgages in the jurisdiction where the Property is located, and all renewals, extensions,
increases, supplements, amendments, modifications and replacements thereof.

7. Consent and Agreement by Property Manager. Property Manager hereby acknowledges
and consents to this Assignment and agrees that Property Manager will act in conformity with the
provisions of this Assignment and Noteholder’s rights hereunder or otherwise related to the
Management Agreement. In the event that the responsibility for the management of the Property is
transferred from Property Manager in accordance with the provisions hereof, Property Manager shall,
and hereby agrees to, fully cooperate in transferring its responsibility to a new management
company and effectuate such transfer no later than thirty (30) days from the date the Management
Agreement is terminated. Further, Property Manager hereby agrees (a) not to contest or impede the
exercise by Noteholder of any right it has under or in connection with this Assignment; (b) that it
shall, in the manner provided for in this Assignment, give at least thirty (30) days prior written
notice to Noteholder of its intention to terminate the Management Agreement or otherwise
discontinue its management of the Property; (c) that Property Manager shall permit Noteholder, upon
two (2) days advance written notice from Noteholder to Property Manager, to inspect Property
Manager’s books and records as they relate to the Property; (d) Property Manager shall not make any
expenditures for any single item for the Property in excess of $10,000 without first obtaining
Assumptor’s prior written consent, and (e) Property Manager shall not enter into any contracts on
behalf of Assumptor, except for routine service contracts or emergency service contracts.

8. Noteholder’s Agreement. So long as Assumptor is not in default (beyond any
applicable grace period) under any of the Loan Documents, Noteholder agrees to permit any sums due
to Property Manager under the Management Agreement to be paid directly to Property Manager.

9. No Joint Venture. Noteholder has no obligation to Property Manager with respect to
the Deed of Trust or Loan Documents and Property Manager shall not be a third party beneficiary
with respect to any of Noteholder’s obligations to Assumptor set forth in the Loan Documents. The
relationship of Noteholder to Assumptor, is one of a creditor to a debtor, and Noteholder is not a
joint venturer or partner of Assumptor.

10. Noteholder’s Reliance on Representations. Property Manager has executed this
Agreement in order to induce Noteholder to consent to the assumption of the Deed of Trust and the
Loan Documents by Assumptor and with full knowledge that Noteholder shall rely upon the
representations, warranties and agreements herein contained, and that but for this Assignment and
the representations, warranties and agreements herein contained, Noteholder would not take such
actions.

11. Property Manager’s Compensation. Property Manager agrees that, notwithstanding
anything to the contrary contained in the Management Agreement, Property Manager shall not be
entitled to receive compensation for its services conducted in connection with the Property in
excess of 4% of gross rent collected from the Property.

12. Notice. All notices given hereunder shall be in writing and shall be either hand
delivered or mailed, by registered U.S. mail, Return Receipt Requested, first class postage
prepaid, to the parties at their respective addresses below or at such other address for any party
as such party may designate by notice to the other parties hereto:

	 	 	 	 	 
	To Assumptor:	 	Mathieu Streiff, Esq.
G&E HC REIT II Highlands Ranch Medical Pavilion, LLC
1551 N. Tustin Ave., Suite 300
Santa Ana, California 92705
Telephone: 714-975-2241
Telecopy: 714-918-9102

	 	 	 	 	with a copy to:

	 	 	 	 	Joseph J. McQuade
Gregory Kaplan, PLC
7 East Second St.
Richmond, VA 23224
Telephone: 804-916-9027
Telecopy: 804-916-9127

	 	 	 	To Noteholder: WELLS FARGO BANK, N.A. (f/k/a WELLS FARGO BANK MINNESOTA, N.A.), AS
TRUSTEE FOR THE REGISTERED HOLDERS OF CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES
CORP., COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2003-CPN1

c/o Midland Loan Services, Inc.

10851 Mastin, Suite 300

Overland Park, KS 66210

Attn: Tad Janssen

Telecopy: 913-253-9001

	 	 	 	With a copy to: Steven S. Bartels, Esq.

Senior Counsel

Midland Loan Services, Inc.

10851 Mastin, Suite 700

Overland Park, KS 66210

Telecopy: 913-253-9001

To Property Manager: Grubb & Ellis Equity Advisors, Property Management, Inc.

1551 N. Tustin Avenue, Suite 300

Santa Ana, California 92705

Attn: Kent Peters, Executive Vice President

Telephone: 714-975-2241

Telecopy: 714-918-9102

13. Binding Nature of Assignment. This Assignment shall be binding upon and shall
inure to the benefit of the parties hereto and their respective successors and assigns.

14. Applicable Law. This Agreement shall be governed by and construed in accordance
with the laws of the State where the Property is located, and applicable federal law.

15. Counterparts. This Assignment may be executed in any number of counterparts all
of which taken together shall constitute one and the same instrument.

[SIGNATURE PAGE FOLLOWS]

1

IN WITNESS WHEREOF, the undersigned have executed this Assignment on the date and year first
written above.

ASSUMPTOR:

G&E HC REIT II HIGHLANDS RANCH MEDICAL PAVILION, LLC,

a Delaware limited liability company

By: /s/ Andrea R. Biller

Name: Andrea R. Biller

Title: Authorized Signatory

PROPERTY MANAGER:

Grubb & Ellis Equity Advisors, Property Management, Inc.,

a Delaware corporation

By: /s/ Jeffrey T. Hanson

Name: Jeffrey T. Hanson

Title: President

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00173-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00173-of-00352.parquet"}]]