Document:

EX-10.10

 Exhibit 10.10 

FIRST AMENDED AND RESTATED UNCONDITIONAL 

GUARANTY OF PAYMENT AND PERFORMANCE 

FOR AND IN CONSIDERATION OF the sum of Ten and No/100 Dollars ($10.00) and other good and valuable consideration paid or delivered to the
undersigned CARTER VALIDUS MISSION CRITICAL REIT II, INC., a Maryland corporation (“REIT”), and THE ENTITIES LISTED ON THE SIGNATURE PAGES HEREOF AS SUBSIDIARY GUARANTORS (“Initial Guarantors”) and EACH
ADDITIONAL GUARANTOR (AS DEFINED IN THE CREDIT AGREEMENT [HEREINAFTER DEFINED]) THAT MAY HEREAFTER BECOME A PARTY TO THIS GUARANTY (REIT, Initial Guarantors and such Additional Guarantors are sometimes hereinafter referred to individually as a
“Guarantor” and collectively as “Guarantors”), the receipt and sufficiency whereof are hereby acknowledged by Guarantors, and for the purpose of seeking to induce KEYBANK NATIONAL ASSOCIATION, a national banking
association (hereinafter referred to as “Lender”, which term shall also include each other Lender which may now be or hereafter become a party to the “Credit Agreement” (as hereinafter defined), any Lender acting as the Issuing
Lender under the Credit Agreement, any Lender acting as the Swing Loan Lender under the Credit Agreement, and shall also include any such individual Lender acting as administrative agent for all of the Lenders), to extend credit or otherwise provide
financial accommodations to CARTER VALIDUS OPERATING PARTNERSHIP II, LP, a Delaware limited partnership (“Borrower”) under the Credit Agreement, which extension of credit and provision of financial accommodations will be to the
direct interest, advantage and benefit of Guarantors, Guarantors do hereby, jointly and severally, absolutely, unconditionally and irrevocably guarantee to Lender the complete payment and performance of the following liabilities, obligations and
indebtedness of Borrower to Lender (hereinafter referred to collectively as the “Obligations”) (capitalized terms that are used herein that are not otherwise defined herein shall have the meanings set forth in the Credit Agreement): 

(a) the full and prompt payment when due, whether by acceleration or otherwise, either before or after maturity thereof, of the Amended and
Restated Revolving Credit Notes made by Borrower to the order of the Revolving Credit Lenders in the aggregate principal face amount of up to One Hundred Eighty and No/100 Dollars ($180,000,000.00), and of the Amended and Restated Swing Loan Note,
made by the Borrower to the order of KeyBank National Association in the principal face amount of Fifteen Million and No/100 Dollars ($15,000,000.00), together with interest as provided in the Amended and Restated Revolving Credit Notes and the
Amended and Restated Swing Loan Note and together with any replacements, supplements, renewals, modifications, consolidations, restatements, increases and extensions thereof; and 

(b) the full and prompt payment when due, whether by acceleration or otherwise, either before or after maturity thereof, of each other note as
may be issued under that certain First Amended and Restated Credit Agreement dated as of even date herewith (as the same may be varied, extended, supplemented, consolidated, amended, replaced, increased, renewed or modified or restated from time to
time, the “Credit Agreement”) among Borrower, KeyBank, for itself and as agent, and the other lenders now or hereafter a party thereto, together with interest as provided in each such note, together with any replacements, supplements,
renewals, 

 
modifications, consolidations, restatements, increases, and extensions thereof (the Amended and Restated Revolving Credit Notes, the Amended and Restated Swing Loan Note and each of the notes
described in this subparagraph (b) are hereinafter referred to collectively as the “Note”); and 
 (c) the full and prompt
payment and performance of any and all obligations of Borrower to Lender under the terms of the Credit Agreement, together with any replacements, supplements, renewals, modifications, consolidations, restatements, and extensions thereof; and 

(d) the full and prompt payment and performance of any “Hedge Obligations” (as defined in the Credit Agreement); and 

(e) the full and prompt payment and performance when due of any and all obligations of Borrower and any Guarantor to Lender under the Security
Documents from time to time in effect pursuant to the Credit Agreement, together with any replacements, supplements, renewals, modifications, consolidations, restatements and extensions thereof; and 

(f) the full and prompt payment and performance when due of any and all obligations of Borrower to Issuing Lender and the Swing Loan Lender
under the terms of the Credit Agreement, together with any replacements, supplements, renewals, modifications, consolidations, restatements and extensions thereof; and 

(g) the full and prompt payment and performance of any and all other obligations of Borrower to Lender under any other agreements, documents or
instruments now or hereafter evidencing, securing or otherwise relating to the indebtedness evidenced by the Note or the Credit Agreement (the Note, the Credit Agreement, the Security Documents and said other agreements, documents and instruments
are hereinafter collectively referred to as the “Loan Documents” and individually referred to as a “Loan Document”). Without limiting the generality of the foregoing, Guarantors acknowledge the terms of Section 2.11 of the
Credit Agreement pursuant to which the Total Revolving Credit Commitment under the Credit Agreement may be increased to up to $400,000,000.00 and agree that this First Amended and Restated Unconditional Guaranty of Payment and Performance (this
“Guaranty”) shall extend and be applicable to each new or replacement note delivered by the Borrower in connection with any such increase of the Total Revolving Credit Commitment and all other obligations of Borrower under the Loan
Documents as a result of such increase without notice to or consent from Guarantors, or any of them. 
 Notwithstanding anything to the
contrary contained in the Guaranty, under no circumstances shall the “Obligations” (as defined herein) include any obligation that constitutes an Excluded Hedge Obligation of any Guarantor. 

1. Agreement to Pay and Perform; Costs of Collection. Guarantors do hereby agree that following and during the continuance of an Event
of Default under the Loan Documents if the Note is not paid by Borrower in accordance with its terms, or if any and all sums which are now or may hereafter become due from Borrower to Lender under the Loan Documents are not paid by Borrower in
accordance with their terms, or if any and all other obligations of Borrower to Lender under the Note or of Borrower or any Guarantor under the other Loan Documents are 

  
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not performed by such Borrower or Guarantor, as applicable, in accordance with their terms, Guarantors will immediately upon demand make such payments and perform such obligations. Guarantors
further agree to pay Lender on demand all reasonable costs and expenses (including court costs and reasonable attorneys’ fees and disbursements) paid or incurred by Lender in endeavoring to collect the Obligations guaranteed hereby, to enforce
any of the Obligations of Borrower guaranteed hereby, or any portion thereof, or to enforce this Guaranty, and until paid to Lender, such sums shall bear interest at the Default Rate set forth in Section 4.11 of the Credit Agreement unless
collection from Guarantors of interest at such rate would be contrary to applicable law, in which event such sums shall bear interest at the highest rate which may be collected from Guarantors under applicable law. 

2. Reinstatement of Refunded Payments. If, for any reason, any payment to Lender of any of the Obligations guaranteed hereunder is
required to be refunded, rescinded or returned by Lender to Borrower, or paid or turned over to any other Person, including, without limitation, by reason of the operation of bankruptcy, reorganization, receivership or insolvency laws or similar
laws of general application relating to creditors’ rights and remedies now or hereafter enacted, Guarantors agree to pay to the Lender on demand an amount equal to the amount so required to be refunded, paid or turned over (the “Turnover
Payment”), the obligations of Guarantors shall not be treated as having been discharged by the original payment to Lender giving rise to the Turnover Payment, and this Guaranty shall be treated as having remained in full force and effect for
any such Turnover Payment so made by Lender, as well as for any amounts not theretofore paid to Lender on account of such obligations. 
 3.
Rights of Lender to Deal with Collateral, Borrower and Other Persons. Each Guarantor hereby consents and agrees that Lender may at any time, and from time to time, without thereby releasing any Guarantor from any liability hereunder and
without notice to or further consent from any other Guarantor or any other Person or entity, either with or without consideration: release or surrender any lien or other security of any kind or nature whatsoever held by it or by any Person, firm or
corporation on its behalf or for its account, securing any indebtedness or liability hereby guaranteed; substitute for any collateral so held by it, other collateral of like kind, or of any kind; modify the terms of the Note or the other Loan
Documents; extend or renew the Note for any period; grant releases, compromises and indulgences with respect to the Note or the other Loan Documents and to any Persons or entities now or hereafter liable thereunder or hereunder; release any other
guarantor (including any Guarantor), surety, endorser or accommodation party of the Note, any Security Document or any of the other Loan Documents; or take or fail to take any action of any type whatsoever. No such action which Lender shall take or
fail to take in connection with the Note or the other Loan Documents, or any of them, or any security for the payment of the indebtedness of Borrower to Lender or for the performance of any obligations or undertakings of Borrower or any Guarantor,
nor any course of dealing with Borrower or any other Person, shall release any Guarantor’s obligations hereunder, affect this Guaranty in any way or afford any Guarantor any recourse against Lender. The provisions of this Guaranty shall extend
and be applicable to all replacements, supplements, renewals, amendments, extensions, consolidations, restatements and modifications of the Note and the other Loan Documents, and any and all references herein to the Note and the other Loan Documents
shall be deemed to include any such replacements, supplements, renewals, extensions, amendments, consolidations, restatements or modifications thereof. Without limiting the generality of the foregoing, Guarantors acknowledge the terms of
Section 2.11 and Section 18.3 of the Credit Agreement and agree that this Guaranty shall extend and be applicable to each new or replacement note delivered by Borrower pursuant thereto without notice to or further consent from Guarantors,
or any of them. 

  
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 4. No Contest with Lender; Subordination. So long as any of the Obligations hereby
guaranteed remain unpaid or undischarged or any Lender has any obligation to make Loans or issue Letters of Credit, Guarantors will not, by paying any sum recoverable hereunder (whether or not demanded by Lender) or by any means or on any other
ground, claim any set-off or counterclaim against Borrower in respect of any liability of any Guarantor to Borrower or, in proceedings under federal bankruptcy law or insolvency proceedings of any nature, prove in competition with Lender in respect
of any payment hereunder or be entitled to have the benefit of any counterclaim or proof of claim or dividend or payment by or on behalf of Borrower or the benefit of any other security for any of the Obligations hereby guaranteed which, now or
hereafter, Lender may hold or in which it may have any share. Guarantors hereby expressly waive any right of contribution or reimbursement from or indemnity against Borrower or any other Guarantor, whether at law or in equity, arising from any
payments made by any Guarantor pursuant to the terms of this Guaranty, and Guarantors acknowledge that Guarantors have no right whatsoever to proceed against Borrower or any other Guarantor for reimbursement of any such payments except for those
rights of each Guarantor under the Contribution Agreement; provided, however, each Guarantor agrees not to pursue or enforce any of its rights under the Contribution Agreement or otherwise and each Guarantor agrees not to make or receive any payment
on account of such rights under the Contribution Agreement or otherwise so long as any of the Obligations remain unpaid or undischarged or any Lender has any obligation to make Loans or issue Letters of Credit. In the event any Guarantor shall
receive any payment under or on account of such rights whether under the Contribution Agreement or otherwise while any of the Obligations are outstanding, it shall hold such payment as trustee for Lender and be paid over to Lender on account of the
indebtedness of Borrower to Lender but without reducing or affecting in any manner the liability of Guarantors under the other provisions of this Guaranty except to the extent the principal amount or other portion of such indebtedness shall have
been reduced by such payment. In connection with the foregoing, Guarantors expressly waive any and all rights of subrogation to Lender against Borrower or any other Guarantor, and Guarantors hereby waive any rights to enforce any remedy which Lender
may have against Borrower or any other Guarantor and any rights to participate in any collateral for Borrower’s obligations under the Loan Documents. Guarantors hereby subordinate any and all indebtedness of Borrower now or hereafter owed to
any Guarantor to all indebtedness of Borrower or any other Guarantor to Lender, and agree with Lender that (a) Guarantors shall not demand or accept any payment from Borrower or any other Guarantor on account of such indebtedness,
(b) Guarantors shall not claim any offset or other reduction of Guarantors’ obligations hereunder because of any such indebtedness, and (c) Guarantors shall not take any action to obtain any interest in any of the security described
in and encumbered by the Loan Documents because of any such indebtedness; provided, however, that, if Lender so requests, such indebtedness shall be collected, enforced and received by Guarantors as trustee for Lender and be paid over to Lender on
account of the indebtedness of Borrower to Lender, but without reducing or affecting in any manner the liability of Guarantors under the other provisions of this Guaranty except to the extent the principal amount or other portion of such outstanding
indebtedness shall have been reduced by such payment. 

  
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 5. Waiver of Defenses. Guarantors hereby agree that their obligations hereunder shall not
be affected or impaired by, and hereby waive and agree not to assert or take advantage of any defense based on: 
 (a) (i) any change in the
amount, interest rate or due date or other term of any of the obligations hereby guaranteed, (ii) any change in the time, place or manner of payment of all or any portion of the obligations hereby guaranteed, (iii) any amendment or waiver
of, or consent to the departure from or other indulgence with respect to, the Credit Agreement, any other Loan Document, or any other document or instrument evidencing or relating to any obligations hereby guaranteed, or (iv) any waiver,
renewal, extension, addition, or supplement to, or deletion from, or any other action or inaction under or in respect of, the Credit Agreement, any of the other Loan Documents, or any other documents, instruments or agreements relating to the
obligations hereby guaranteed or any other instrument or agreement referred to therein or evidencing any obligations hereby guaranteed or any assignment or transfer of any of the foregoing; 

(b) any subordination of the payment of the obligations hereby guaranteed to the payment of any other liability of Borrower or any other
Person; 
 (c) any act or failure to act by Borrower or any other Person which may adversely affect any Guarantor’s subrogation rights,
if any, against Borrower or any other Person to recover payments made under this Guaranty; 
 (d) any nonperfection or impairment of any
security interest or other Lien on any collateral, if any, securing in any way any of the obligations hereby guaranteed; 
 (e) any
application of sums paid by Borrower or any other Person with respect to the liabilities of Lender, regardless of what liabilities of the Borrower remain unpaid; 

(f) any defense of Borrower, including without limitation, the invalidity, illegality or unenforceability of any of the Obligations; 

(g) either with or without notice to Guarantors, any renewal, extension, modification, amendment or other changes in the Obligations, including
but not limited to any material alteration of the terms of payment or performance of the Obligations; 
 (h) any statute of limitations in
any action hereunder or for the collection of the Note or for the payment or performance of any obligation hereby guaranteed; 
 (i) the
incapacity, lack of authority, death or disability of Borrower, any Guarantor or any other Person or entity, or the failure of Lender to file or enforce a claim against the estate (either in administration, bankruptcy or in any other proceeding) of
Borrower or any Guarantor or any other Person or entity; 
 (j) the dissolution or termination of existence of Borrower, any Guarantor or any
other Person or entity; 
 (k) the voluntary or involuntary liquidation, sale or other disposition of all or substantially all of the assets
of Borrower or any Guarantor or any other Person or entity; 

  
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 (l) the voluntary or involuntary receivership, insolvency, bankruptcy, assignment for the benefit
of creditors, reorganization, assignment, composition, or readjustment of, or any similar proceeding affecting, Borrower or any Guarantor or any other Person or entity, or any of Borrower’s or any Guarantor’s or any other Person’s or
entity’s properties or assets; 
 (m) the damage, destruction, condemnation, foreclosure or surrender of all or any part of the
Collateral, the Real Estate or any of the improvements located thereon; 
 (n) the failure of Lender to give notice of the existence,
creation or incurring of any new or additional indebtedness or obligation of Borrower or of any action or nonaction on the part of any other Person whomsoever in connection with any obligation hereby guaranteed; 

(o) any failure or delay of Lender to commence an action against Borrower or any other Person, to assert or enforce any remedies against
Borrower under the Note or the other Loan Documents, or to realize upon any security; 
 (p) any failure of any duty on the part of Lender to
disclose to any Guarantor any facts it may now or hereafter know regarding Borrower (including, without limitation Borrower’s financial condition), any other Person, the Collateral, or any other assets or liabilities of such Persons, whether
such facts materially increase the risk to Guarantors or not (it being agreed that Guarantors assume responsibility for being informed with respect to such information); 

(q) failure to accept or give notice of acceptance of this Guaranty by Lender; 

(r) failure to make or give notice of presentment and demand for payment of any of the indebtedness or performance of any of the obligations
hereby guaranteed; 
 (s) failure to make or give protest and notice of dishonor or of default to Guarantors or to any other party with
respect to the indebtedness or performance of obligations hereby guaranteed; 
 (t) any and all other notices whatsoever to which Guarantors
might otherwise be entitled; 
 (u) any lack of diligence by Lender in collection, protection or realization upon any collateral securing the
payment of the indebtedness or performance of obligations hereby guaranteed; 
 (v) the invalidity or unenforceability of the Note, or any of
the other Loan Documents, or any assignment or transfer of the foregoing; 
 (w) the compromise, settlement, release or termination of any or
all of the obligations of Borrower under the Note or the other Loan Documents; 
 (x) any transfer by Borrower or any other Person of all or
any part of any security encumbered by the Loan Documents; 

  
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 (y) the failure of Lender to perfect any security or to extend or renew the perfection of any
security; or 
 (z) to the fullest extent permitted by law, any other legal, equitable or surety defenses whatsoever to which Guarantors
might otherwise be entitled, it being the intention that the obligations of Guarantors hereunder are absolute, unconditional and irrevocable. 

Each Guarantor understands that the exercise by Lender of certain rights and remedies may affect or eliminate such Guarantor’s right of
subrogation against the Borrower or the other Guarantors and that such Guarantor may therefore incur partially or totally nonreimbursable liability hereunder. Nevertheless, Guarantors hereby authorize and empower Lender, its successors, endorsees
and assigns, to exercise in its or their sole discretion, any rights and remedies, or any combination thereof, which may then be available, it being the purpose and intent of Guarantors that the obligations hereunder shall be absolute, continuing,
independent and unconditional under any and all circumstances. Notwithstanding any other provision of this Guaranty to the contrary, each Guarantor hereby waives and releases any claim or other rights which such Guarantor may now have or hereafter
acquire against Borrower, or any other Guarantor or other Person of all or any of the obligations of Guarantors hereunder that arise from the existence or performance of such Guarantor’s obligations under this Guaranty or any of the other Loan
Documents, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification, any right to participate in any claim or remedy of Lender against Borrower or any other Guarantor or other Person or any
collateral which Lender now has or hereafter acquires, whether or not such claim, remedy or right arises in equity or under contract, statute or common law, by any payment made hereunder or otherwise, including, without limitation, the right to take
or receive from Borrower or any other Guarantor, directly or indirectly, in cash or other property or by setoff or in any other manner, payment or security on account of such claim or other rights, except for those rights of each Guarantor under the
Contribution Agreement; provided, however, each Guarantor agrees not to pursue or enforce any of its rights under the Contribution Agreement and each Guarantor agrees not to make or receive any payment on account of the Contribution Agreement so
long as any of the Obligations remain unpaid or undischarged or any Lender has any obligation to make Loans. In the event any Guarantor shall receive any payment under or on account of the Contribution Agreement, it shall hold such payment as
trustee for Lender and be paid over to Lender on account of the indebtedness of Borrower to Lender but without reducing or affecting in any manner the liability of Guarantors under the other provisions of this Guaranty except to the extent the
principal amount or other portion of such indebtedness shall have been reduced by such payment. 
 6. Guaranty of Payment and Performance
and Not of Collection. This is a guaranty of payment and performance and not of collection. The liability of Guarantors under this Guaranty shall be primary, direct and immediate and not conditional or contingent upon the pursuit of any remedies
against Borrower or any other Person, nor against securities or liens available to Lender, its successors, successors in title, endorsees or assigns. Guarantors hereby waive any right to require that an action be brought against Borrower or any
other Person or to require that resort be had to any security or to any balance of any deposit account or credit on the books of Lender in favor of Borrower or any other Person. 

  
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 7. Rights and Remedies of Lender. In the event of an Event of Default under the Note or
the other Loan Documents, or any of them, that is continuing (it being understood that the Lender has no obligation to accept cure after an Event of Default occurs), Lender shall have the right to enforce its rights, powers and remedies thereunder
or hereunder or under any other Loan Document, in any order, and all rights, powers and remedies available to Lender in such event shall be nonexclusive and cumulative of all other rights, powers and remedies provided thereunder or hereunder or by
law or in equity. Accordingly, Guarantors hereby authorize and empower Lender upon the occurrence and during the continuance of any Event of Default under the Note or the other Loan Documents, at its sole discretion, and without notice to
Guarantors, to exercise any right or remedy which Lender may have, including, but not limited to, foreclosure, exercise of rights of power of sale, acceptance of a deed or assignment in lieu of foreclosure, appointment of a receiver, exercise of
remedies against personal property, or enforcement of any assignment of leases, as to any security, whether real, personal or intangible. At any public or private sale of any security or collateral for any of the Obligations guaranteed hereby,
whether by foreclosure or otherwise, Lender may, in its discretion, purchase all or any part of such security or collateral so sold or offered for sale for its own account and may apply against the amount bid therefor all or any part of the balance
due it pursuant to the terms of the Note, any Security Documents or any of the other Loan Document without prejudice to Lender’s remedies hereunder against Guarantors for deficiencies. If the Obligations guaranteed hereby are partially paid by
reason of the election of Lender to pursue any of the remedies available to Lender, or if such Obligations are otherwise partially paid, this Guaranty shall nevertheless remain in full force and effect, and Guarantors shall remain liable for the
entire balance of the Obligations guaranteed hereby even though any rights which any Guarantor may have against Borrower or any other Person may be destroyed or diminished by the exercise of any such remedy. 

8. Application of Payments. Guarantors hereby authorize Lender, without notice to Guarantors, to apply all payments and credits received
from Borrower, any Guarantor or any other Person or realized from any security in such manner and in such priority as Lender in its sole judgment shall see fit to the Obligations. 

9. Business Failure, Bankruptcy or Insolvency. In the event of the business failure of any Guarantor or if there shall be pending any
bankruptcy or insolvency case or proceeding with respect to any Guarantor under federal bankruptcy law or any other applicable law or in connection with the insolvency of any Guarantor, or if a liquidator, receiver, or trustee shall have been
appointed for any Guarantor or any Guarantor’s properties or assets, Lender may file such proofs of claim and other papers or documents as may be necessary or advisable in order to have the claims of Lender allowed in any proceedings relative
to such Guarantor, or any of such Guarantor’s properties or assets, and, irrespective of whether the indebtedness or other obligations of Borrower guaranteed hereby shall then be due and payable, by declaration or otherwise, Lender shall be
entitled and empowered to file and prove a claim for the whole amount of any sums or sums owing with respect to the indebtedness or other obligations of Borrower guaranteed hereby, and to collect and receive any moneys or other property payable or
deliverable on any such claim. Guarantors covenant and agree that upon the commencement of a voluntary or involuntary bankruptcy proceeding by or against Borrower, Guarantors shall not seek a supplemental stay or otherwise pursuant to 11 U.S.C.
§105 or any other provision of the Bankruptcy Code, as amended, or any other debtor relief law (whether statutory, common law, case law, or otherwise) of any jurisdiction whatsoever, now or hereafter in effect, which may be or become
applicable, to stay, interdict, condition, reduce or inhibit the ability of Lender to enforce any rights of Lender against Guarantors by virtue of this Guaranty or otherwise. 

  
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 10. Covenants of Guarantors. Guarantors hereby covenant and agree with Lender that until
all indebtedness guaranteed hereby has been completely repaid and all obligations and undertakings of Borrower under, by reason of, or pursuant to the Note and the other Loan Documents have been completely performed and Lender has no further
obligation to make Loans or issue Letters of Credit, Guarantors will comply with any and all covenants applicable to Guarantors set forth in the Credit Agreement. 

11. Rights of Set-off. Regardless of the adequacy of any collateral, during the continuance of any Event of Default under the Note or
the other Loan Documents, Lender may at any time and without notice to Guarantors set-off and apply the whole or any portion or portions of any or all deposits (general or specific, time or demand, provisional or final, regardless of currency,
maturity, or branch of Lender where the deposits are held) now or hereafter held by Lender against amounts payable under this Guaranty, whether or not any other person or persons could also withdraw money therefrom. 

12. Changes in Writing; No Revocation. This Guaranty may not be changed orally, and no obligation of any Guarantor can be released or
waived by Lender except as provided in Section 5.6 or Section 27 of the Credit Agreement. This Guaranty shall be irrevocable by Guarantors until all indebtedness guaranteed hereby has been completely repaid and all obligations and
undertakings of Borrower under, by reason of, or pursuant to the Note, the Letters of Credit and the Loan Documents have been completely performed and the Lenders have no further obligation to advance Loans or issue Letters of Credit under the
Credit Agreement. 
 13. Notices. Each notice, demand, election or request provided for or permitted to be given pursuant to this
Guaranty (hereinafter in this Section 13 referred to as “Notice”), but specifically excluding to the maximum extent permitted by law any notices of the institution or commencement of foreclosure proceedings, must be in writing and
shall be deemed to have been properly given or served by personal delivery or by sending same by overnight courier or by depositing same in the United States Mail, postpaid and registered or certified, return receipt requested, or as expressly
permitted herein, by telegraph, telecopy, telefax or telex, and addressed as follows: 
 The address of Lender is: 

KeyBank National Association 

4910 Tiedeman Road, 3rd Floor 

Brooklyn, Ohio 44144 
 Attn: Real
Estate Capital Services 

  
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 With a copy to: 

KeyBank National Association 

1200 Abernathy Road, N.E., Suite 1550 

Atlanta, Georgia 30328 
 Attn:
Mr. Daniel Stegemoeller 
 Telecopy No.: (770) 510-2195 

and 
 McKenna Long &
Aldridge LLP 
 Suite 5300 
 303
Peachtree Street, N.E. 
 Atlanta, Georgia 30308 

Attn: William F. Timmons, Esq. 

Telecopy No.: (404) 527-4198 

The address of Guarantor is: 
 c/o
Carter Validus Operating Partnership II, LP 
 Two Urban Center 

4890 West Kennedy Blvd., Suite 650 

Tampa, Florida 33609 
 Attn: Todd
Sakow, Chief Financial Officer 
 Telecopy No.: (813) 287-0397 

With a copy to: 
 Morris, Manning
and Martin, LLP 
 1600 Atlanta Financial Center 

3343 Peachtree Road, NE 
 Atlanta,
Georgia 30326 
 Attn: Heath D. Linsky, Esq. 

Telecopy No.: (404) 365-9532 

Each Notice shall be effective upon being delivered personally or upon being sent by overnight courier or upon being deposited in the United
States Mail as aforesaid, or if transmitted by telegraph, telecopy, telefax or telex is permitted, upon being sent and confirmation of receipt. The time period in which a response to any such Notice must be given or any action taken with respect
thereto (if any), however, shall commence to run from the date of receipt if personally delivered or sent by overnight courier, or if so deposited in the United States Mail, the earlier of three (3) Business Days following such deposit or the
date of receipt as disclosed on the return receipt. Rejection or other refusal to accept or the inability to deliver because of changed address for which no notice was given shall be deemed to be receipt of the Notice sent. By giving at least
fifteen (15) days’ prior Notice thereof, Borrower, Guarantors or Lender shall have the right from time to time and at any time during the term of this Guaranty to change their respective addresses and each shall have the right to specify
as its address any other address within the United States of America 

  
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 14. Governing Law. GUARANTORS ACKNOWLEDGE AND AGREE, PURSUANT TO NEW YORK GENERAL
OBLIGATIONS LAW SECTION 5-1401, THAT THIS GUARANTY AND THE OBLIGATIONS OF GUARANTORS HEREUNDER SHALL BE GOVERNED BY AND INTERPRETED AND DETERMINED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

15. CONSENT TO JURISDICTION; WAIVERS. EACH GUARANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY (A) SUBMITS TO PERSONAL JURISDICTION IN
THE STATE OF NEW YORK OVER ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS GUARANTY, AND (B) WAIVES ANY AND ALL PERSONAL RIGHTS UNDER THE LAWS OF ANY STATE (I) TO THE RIGHT, IF ANY, TO TRIAL BY JURY(LENDER HAVING ALSO
WAIVED SUCH RIGHT TO TRIAL BY JURY), (II) TO OBJECT TO JURISDICTION WITHIN THE STATE OF NEW YORK OR VENUE IN ANY PARTICULAR FORUM WITHIN THE STATE OF NEW YORK, AND (III) TO THE RIGHT, IF ANY, TO CLAIM OR RECOVER ANY SPECIAL, EXEMPLARY, PUNITIVE OR
CONSEQUENTIAL DAMAGES OR ANY DAMAGES OTHER THAN OR IN ADDITION TO ACTUAL DAMAGES. EACH LENDER IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY AND ALL RIGHTS UNDER THE LAWS OF ANY STATE TO THE RIGHT, IF ANY, TO TRIAL BY JURY. EACH GUARANTOR AGREES THAT,
IN ADDITION TO ANY METHODS OF SERVICE OF PROCESS PROVIDED FOR UNDER APPLICABLE LAW, ALL SERVICE OF PROCESS IN ANY SUCH SUIT, ACTION OR PROCEEDING MAY BE MADE BY CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, DIRECTED TO SUCH GUARANTOR AT
THE ADDRESS SET FORTH IN SECTION 13 ABOVE, AND SERVICE SO MADE SHALL BE COMPLETE FIVE (5) DAYS AFTER THE SAME SHALL BE SO MAILED. NOTHING CONTAINED HEREIN, HOWEVER, SHALL PREVENT LENDER FROM BRINGING ANY SUIT, ACTION OR PROCEEDING OR EXERCISING
ANY RIGHTS AGAINST ANY SECURITY AND AGAINST ANY GUARANTOR PERSONALLY, AND AGAINST ANY PROPERTY OF ANY GUARANTOR, WITHIN ANY OTHER STATE. INITIATING SUCH SUIT, ACTION OR PROCEEDING OR TAKING SUCH ACTION IN ANY STATE SHALL IN NO EVENT CONSTITUTE A
WAIVER OF THE AGREEMENT CONTAINED HEREIN THAT THE LAWS OF THE STATE OF NEW YORK SHALL GOVERN THE RIGHTS AND OBLIGATIONS OF GUARANTORS AND LENDER HEREUNDER OR OF THE SUBMISSION HEREIN MADE BY GUARANTORS TO PERSONAL JURISDICTION WITHIN THE STATE OF
NEW YORK. EACH GUARANTOR HEREBY WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH SUIT OR ANY SUCH COURT OR THAT SUCH SUIT IS BROUGHT IN AN INCONVENIENT COURT. EACH GUARANTOR CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY LENDER HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH LENDER WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVERS AND ACKNOWLEDGE THAT LENDER HAS BEEN INDUCED TO ENTER INTO THIS GUARANTY AND THE OTHER LOAN
DOCUMENTS TO WHICH THEY ARE PARTIES BY, AMONG OTHER THINGS, THE WAIVERS AND CERTIFICATIONS CONTAINED IN THIS SECTION 15. EACH GUARANTOR ACKNOWLEDGES THAT THEY HAVE HAD AN OPPORTUNITY TO REVIEW THIS SECTION 15 WITH THEIR LEGAL COUNSEL AND THAT SUCH
GUARANTOR AGREES TO THE FOREGOING AS THEIR FREE, KNOWING AND VOLUNTARY ACT. 

  
 11 

 16. Successors and Assigns. The provisions of this Guaranty shall be binding upon
Guarantors and their respective heirs, successors, successors in title, legal representatives, and assigns, and shall inure to the benefit of Lender, its successors, successors in title, legal representatives and assigns. No Guarantor shall assign
or transfer any of its rights or obligations under this Guaranty without the prior written consent of Lender. 
 17. Assignment by
Lender. This Guaranty is assignable by Lender in whole or in part in conjunction with any assignment of the Note or portions thereof, and any assignment hereof or any transfer or assignment of the Note or portions thereof by Lender shall operate
to vest in any such assignee the rights and powers, in whole or in part, as appropriate, herein conferred upon and granted to Lender. 
 18.
Severability. If any term or provision of this Guaranty shall be determined to be illegal or unenforceable, all other terms and provisions hereof shall nevertheless remain effective and shall be enforced to the fullest extent permitted by
law. 
 19. Disclosure. Guarantors agree that in addition to disclosures made in accordance with standard banking practices, any
Lender may disclose information obtained by such Lender pursuant to this Guaranty to assignees or participants and potential assignees or participants hereunder subject to the terms and provisions of the Credit Agreement. 

20. No Unwritten Agreements. THIS GUARANTY REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. 
 21.
Time of the Essence. Time is of the essence with respect to each and every covenant, agreement and obligation of Guarantors under this Guaranty. 

22. Ratification. Each Guarantor does hereby restate, reaffirm and ratify each and every warranty and representation regarding such
Guarantor or its Subsidiaries set forth in the Credit Agreement as if the same were more fully set forth herein. 
 23. Joint and Several
Liability. Each of the Guarantors covenants and agrees that each and every covenant and obligation of Guarantors hereunder shall be the joint and several obligations of each of the Guarantors. 

24. Fair Consideration. The Guarantors represent that the Guarantors are engaged in common business enterprises related to those of the
Borrower and each Guarantor will derive substantial direct or indirect economic benefit from the effectiveness and existence of the Credit Agreement. 

  
 12 

 25. Counterparts. This Guaranty and any amendment hereof may be executed in several
counterparts and by each party on a separate counterpart, each of which when so executed and delivered shall be an original, and all of which together shall constitute one instrument. In proving this Guaranty it shall not be necessary to produce or
account for more than one such counterpart signed by the party against whom enforcement is sought. 
 26. Condition of Borrower.
Without reliance on any information supplied by the Lender, each Guarantor has independently taken, and will continue to take, whatever steps it deems necessary to evaluate the financial condition and affairs of the Borrower or any collateral, and
the Lender shall not have any duty to advise any Guarantor of information at any time known to the Lender regarding such financial condition or affairs or any collateral. 

27. Amendment and Restatement. This Guaranty is given pursuant to the Credit Agreement and is an amendment and restatement of that
certain Unconditional Guaranty of Payment and Performance dated July 31, 2014 from the Guarantors (the “Original Guaranty”) in favor of the Lender and shall supersede and replace the Original Guaranty in all respects. 

  
 13 

 IN WITNESS WHEREOF, Guarantors have executed this Guaranty under seal as of this 17th day of December, 2014. 
  

							
	REIT:
	
	CARTER VALIDUS MISSION CRITICAL REIT II, INC., a Maryland corporation
		
	By:	 	 /s/ John E. Carter

	Name: John E. Carter
	Title: CEO
	(CORPORATE SEAL)
	
	SUBSIDIARY GUARANTORS:
	
	HC-11250 FALLBROOK DRIVE, LLC, a Delaware limited liability company
		
	By:	 	Carter Validus Operating Partnership II, LP, a Delaware limited partnership, its sole member
			
		 	By:	 	Carter Validus Mission Critical REIT II,
		 		 	Inc., a Maryland corporation, its general partner
				
		 		 	By:	 	 /s/ John E. Carter

		 		 	Name: John E. Carter
		 		 	Title: CEO

 SIGNATURES CONTINUED ON NEXT PAGE 

  
 14 

 
							
	HCII-5525 MARIE AVENUE, LLC, a Delaware limited liability company
		
	By:	 	Carter Validus Operating Partnership II, LP, a Delaware limited partnership
			
		 	By:	 	Carter Validus Mission Critical REIT II, Inc.,
		 		 	a Maryland corporation, its general partner
				
		 		 	By:	 	 /s/ John E. Carter

		 		 	Name: John E. Carter
		 		 	Title: CEO
	
	HCII-110 CHARLOIS BOULEVARD, LLC, a Delaware limited liability company
		
	By:	 	Carter Validus Operating Partnership II, LP, a Delaware limited partnership
			
		 	By:	 	Carter Validus Mission Critical REIT II, Inc.,
		 		 	a Maryland corporation, its general partner
				
		 		 	By:	 	 /s/ John E. Carter

		 		 	Name: John E. Carter
		 		 	Title: CEO

 SIGNATURES CONTINUED ON NEXT PAGE 

  
 15 

 Lender joins in the execution of this Guaranty for the sole and limited purpose of evidencing its
agreement to waiver of the right to trial by jury contained in Paragraph 15 hereof and Section 25 of the Credit Agreement. 
  

			
	KEYBANK NATIONAL ASSOCIATION,
	as Agent for the Lenders
		
	By:	 	 /s/ Kristin Centracchio

	Name: Kristin Centracchio
	Title: Vice President

  
 16EX-10.11

 Exhibit 10.11 

COLLATERAL ASSIGNMENT OF INTERESTS 

THIS COLLATERAL ASSIGNMENT OF INTERESTS (this “Assignment”), dated as of December 17, 2014, by CARTER VALIDUS
OPERATING PARTNERSHIP II, LP, a Delaware limited partnership (“Assignor”), to KEYBANK NATIONAL ASSOCIATION (“KeyBank”), as the Agent for itself and other Lenders from time to time party to the Credit
Agreement (as hereinafter defined) (KeyBank, in its capacity as the Agent, is hereinafter referred to as the “Agent”). 

W I T N E S S E T H: 

WHEREAS, Assignor is a member of each of the limited liability companies described on Exhibit “A” attached hereto and made a
part hereof and a partner of the limited and general partnerships described on Exhibit “A” attached hereto and made a part hereof (such limited liability companies and partnerships (other than any such limited liability company or
partnership whose Equity Interests have been released from the lien and security interest of this Assignment in accordance with §5.4 of the Credit Agreement) are hereinafter referred to collectively as the “Companies” and
individually as a “Company”); and 
 WHEREAS, the Companies are governed by the agreements and other organizational
documents, if any, described on Exhibit “A” attached hereto opposite the respective Company (collectively, the “Organizational Agreements”); and 

WHEREAS, Assignor, KeyBank, the other Lenders which are now or hereafter a party thereto and the Agent have entered into that certain First
Amended and Restated Credit Agreement dated as of even date herewith (as the same may be varied, extended, supplemented, consolidated, amended, replaced, increased, renewed or modified or restated from time to time, the “Credit
Agreement”), pursuant to which the Lenders have agreed to provide to Assignor a revolving credit loan facility in the amount of up to $180,000,000.00 pursuant to the Credit Agreement, which revolving credit loan facility may be increased to
up to $400,000,000.00 pursuant to Section 2.11 of the Credit Agreement (the “Loan”), and which Loan is evidenced by, among other things, those certain Amended and Restated Revolving Credit Notes made by Assignor to the order of
the Lenders in the aggregate principal face amount of $180,000,000.00 and that certain Amended and Restated Swing Loan Note made by Assignor to the order of KeyBank in the principal face amount of $15,000,000.00 (together with all amendments,
modifications, replacements, consolidations, increases, supplements and extensions thereof, collectively, the “Note”); and 

WHEREAS, the Agent and the Lenders have required, as a condition to the making of the Loan to Assignor, that Assignor execute this Assignment
in order to secure the prompt and complete payment, as and when due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), of all indebtedness, liabilities, duties, responsibilities and obligations,
whether such indebtedness, liabilities, duties, responsibilities and obligations are now existing or are hereafter created or arising, under the Credit Agreement, the Note and/or the other Loan Documents, including, without limitation, the payment,
observance and performance of, among other things, (a) the obligations of Assignor arising from this Assignment and the other Loan Documents to which it is a party, (b) all other Obligations

 
(including, in the case of each of clauses (a) and (b), any interest, fees and other charges in respect of the Credit Agreement and the other Loan Documents that would accrue but for the
filing of a petition initiating any bankruptcy, insolvency, receivership or other similar case or proceeding under federal or state law, whether or not such interest, fees and other charges accrue or are recoverable against Assignor after the filing
of such petition for purposes of the Bankruptcy Code or are an allowed claim in such proceeding), and (c) the Hedge Obligations (as defined in the Credit Agreement) other than the Excluded Hedge Obligations, plus reasonable attorneys’ fees
and expenses if the obligations represented under this Assignment, the Credit Agreement and the other Loan Documents are collected by law, through an attorney-at-law, or under advice therefrom (all such indebtedness, liabilities, duties,
responsibilities and obligations being hereinafter referred to as the “Secured Obligations”). 
 NOW, THEREFORE, for and in
consideration of the sum of Ten and No/100 Dollars ($10.00), and other good and valuable considerations, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby covenant and agree as follows: 

1. Definitions. Capitalized terms used herein that are not otherwise defined herein shall have the meaning set forth in the Credit
Agreement. 
 2. Grant of Security Interest. As security for the payment and performance by Assignor of each and all of the Secured
Obligations, Assignor does hereby transfer, assign, pledge, convey, and grant to the Agent, and does hereby grant a security interest to the Agent in, all of Assignor’s right, title and interest in and to the following: 

(a) All right, title, interest and claims or rights of Assignor now or hereafter acquired as a member or partner of the Companies,
specifically including, but without limitation, Assignor’s economic rights, control rights and interest and status as a member or partner in the Companies, the interest of Assignor in, to and under the Organizational Agreements of each of the
Companies, the capital of the Companies, and the property and assets of the Companies and any rights pertaining thereto, as such membership or partnership interests are described on Exhibit “A”, which membership or partnership
interests are evidenced, as applicable, by the certificates (the “Certificates”) as described on Exhibit “A” representing the membership or partnership interests of Assignor as described on Exhibit
“A” in such Companies, together with any and all other securities, cash, certificates or other property, option or right in respect of, in addition to or substitution or exchange for the Certificates or any of the foregoing, or other
property at any time and from time to time receivable or otherwise distributed in respect of or in exchange for all or any thereof; and 

(b) Any and all profits, proceeds, accounts, income, dividends, distributions, payments upon dissolution or liquidation of any of the
Companies, or the sale, financing or refinancing of any of the property or assets of any of the Companies, proceeds of a casualty or condemnation, proceeds upon a redemption or conversion, return of capital, repayment of loans, and payments of any
kind or nature whatsoever, now or hereafter distributable or payable by any of the Companies, or any member or partner of any of the Companies (in such member’s or partner’s capacity as a member or partner, as the case may be) to Assignor,
by reason of Assignor’s interest in any of the Companies, or otherwise, or now or hereafter distributable or payable to Assignor from any other source by reason of Assignor being a member or partner in

  
 2 

 
any of the Companies, or on account of any interest in or claims or rights against any of the Companies held by Assignor, or by reason of services performed by Assignor as a member or partner, as
the case may be, for or on behalf of any of the Companies, or with respect to the assets of any of the Companies, and any and all proceeds from any transfer, assignment or pledge of any interest of Assignor in, or claim or right against, any of the
Companies (regardless of whether such transfer, assignment or pledge is permitted under the terms hereof or the other Loan Documents), and all claims, choses in action or things in action or rights as a creditor now or hereafter arising against any
of the Companies; and 
 (c) All accounts, contract rights, chattel paper (whether tangible or electronic), deposit accounts, security
entitlements, securities accounts, investment property, letters of credit, letter of credit rights, money, supporting obligations, commercial tort claims and general intangibles (including, without limitation, payment intangibles and software) now
or hereafter evidencing, arising from or relating to, any of the foregoing; and 
 (d) All notes or other documents or instruments now or
hereafter evidencing or securing any of the foregoing; and 
 (e) All right of Assignor to collect and enforce payments distributable or
payable by any of the Companies or any member or partner of any of the Companies to Assignor pursuant to the terms of any of the Organizational Agreements of any Company in which Assignor is a member or partner or otherwise; and 

(f) All documents, writings, leases, books, files, records, computer tapes, programs, ledger books and ledger pages arising from or used in
connection with any of the foregoing; and 
 (g) All renewals, extensions, additions, substitutions or replacements of any of the foregoing;
and 
 (h) All powers, options, rights, privileges and immunities pertaining to any of the foregoing; and 

(i) All products and proceeds of any of the foregoing and all cash, security or other property distributed on account of, or in exchange or
substitution of, any of the foregoing (including, without limitation, new certificates and securities); and 
 (j) All economic rights and
interests, all voting and control rights, and any and all rights to status as a member or partner, as applicable. 
 All of the foregoing
described in this Section 2 are hereinafter referred to collectively as the “Collateral”. The items described in clause (a) above are sometimes hereinafter referred to as the “Membership Interests” or
“Partnership Interests”, as applicable, and the items described in clauses (b) through (i) above are sometimes hereinafter referred to collectively as the “Distributions”. 

3. Obligations Secured. The security interest created by this Assignment secures the payment and performance of the Secured
Obligations, whether now existing or arising hereafter. 

  
 3 

 
Without limiting the generality of the foregoing, this Assignment secures the payment of all amounts which constitute part of the Secured Obligations and would be owed by Assignor to the Agent,
the Lenders, or any of them, but for the fact that they are unenforceable or not allowable due to the existence of an Insolvency Event involving Assignor or any Guarantor. 

Notwithstanding anything to the contrary contained herein, under no circumstances shall any of the “Secured Obligations” as defined
herein include any obligation that constitutes an Excluded Hedge Obligation. 
 4. Collection of Distributions. 

(a) It is acknowledged and agreed by the parties hereto that the Agent shall have sole and exclusive possession of the Distributions and that
this Assignment constitutes a present, absolute and current assignment of all the Distributions and is effective upon the execution and delivery hereof. Payments under or with respect to the Distributions shall be made as follows: 

(i) Assignor shall not have any right to receive payments made under or with respect to the Distributions (including, without limitation, any
Distributions from or relating to any sale, transfer, assignment, conveyance, option or other disposition of, or any pledge, mortgage, encumbrance, financing or refinancing of, or casualty to or condemnation of, any of the Collateral or any real or
personal property of the Company or any Person in which the Company may directly or indirectly own any interest (collectively the “Property”), or upon any redemption or conversion of the Collateral, regardless of whether such event
is permitted under the terms of the Loan Documents), and all such payments shall be delivered directly by the Companies, as applicable, to the Agent for application by the Agent in satisfaction of the Secured Obligations in accordance with the
Credit Agreement. 
 (ii) If Assignor shall receive any payments made under or with respect to the Distributions (including, without
limitation, any Distributions from or relating to any sale, transfer, assignment, conveyance, option or other disposition of, or any pledge, mortgage, encumbrance, financing or refinancing of, or payment of, or casualty to or condemnation of, any of
the Collateral or the Property, or upon any redemption or conversion of the Collateral, regardless of whether such event is permitted under the terms of the Loan Documents), Assignor shall hold all such payments in trust for the Agent, will not
commingle such payments with other funds of Assignor, and will immediately pay and deliver in kind, all such payments directly to the Agent (with such endorsements and assignments as may be necessary to transfer title to the Agent) for application
by the Agent in satisfaction of the Secured Obligations in accordance with the Credit Agreement. 
 (iii) Assignor hereby agrees for the
benefit of each of the Companies and any member or partner thereof, that all payments actually received by the Agent hereunder or pursuant hereto shall be deemed payments to Assignor by the respective Company, as the case may be, the Agent shall
apply any and all such payments actually received by the Agent in satisfaction of the Secured Obligations in accordance with the Credit Agreement. 

(iv) In furtherance of the foregoing, Assignor does hereby notify and direct each of the Companies and their members and partners that all
payments under or with respect to the Distributions shall be made directly to the Agent at the address of the Agent set forth herein. 

  
 4 

 (b) Assignor shall cause each of the Companies to promptly distribute all net proceeds of the
sale, transfer, assignment, conveyance, option or other disposition of, or any mortgage, hypothecation, encumbrance, financing or refinancing of, or payment of, or casualty to, or condemnation of, any of their respective assets or properties, and
the assets or properties of their respective subsidiaries, and any and all other Distributions distributable or payable by the Companies or any member or partner thereof, under the terms of the Organizational Agreements of the Companies. 

(c) To the extent permitted by law, Assignor hereby irrevocably designates and appoints the Agent its true and lawful attorney in fact, which
appointment is coupled with an interest and is irrevocable, either in the name of the Agent, or in the name of Assignor, at Assignor’s sole cost and expense, and regardless of whether or not the Agent becomes a member or partner in any of the
Companies, to take any or all of the following actions; provided, however, that no such action shall be permitted or undertaken by Agent unless an Event of Default shall have occurred and be continuing: 

(i) to ask, demand, sue for, attach, levy, settle, compromise, collect, compound, recover, receive and give receipt and acquittances for any
and all Collateral and to take any and all actions as the Agent may deem necessary or desirable in order to realize upon the Collateral, or any portion thereof, including, without limitation, making any statements and doing and taking any actions on
behalf of Assignor which are otherwise required of Assignor under the terms of any agreement as conditions precedent to the payment of the Distributions, and the right and power to receive, endorse, assign and deliver in the name of Assignor, any
checks, notes, drafts, instruments and other evidences of payment received in payment of or on account of all or any portion of the Collateral and Assignor hereby waives presentment, demand, protest, and notice of demand, protest and non-payment of
any instrument so endorsed; and 
 (ii) to institute one or more actions against any of the Companies or any member or partner thereof in
connection with the collection of the Collateral, to prosecute to judgment, settle or dismiss any such actions, and to make any compromise or settlement deemed desirable, in the Agent’s sole and absolute discretion, with respect to such
Distributions, to extend the time of payment, arrange for payment in installments or otherwise modify the terms of any of the Organizational Agreements of any Company with respect to the Distributions or release of any of the Companies or any member
or partner thereof, respectively, from their respective obligations to pay any Distribution, without incurring responsibility to, or affecting any liability of, Assignor under any of such Organizational Agreements; 

it being specifically understood and agreed, however, that the Agent shall not be obligated in any manner whatsoever to give any notices of default (except as
specifically required herein or in the other Loan Documents) or to exercise any such power or authority or be in any way responsible for the preservation, maintenance, collection of or realizing upon the Collateral, or any portion thereof or any of
Assignor’s rights therein. The foregoing appointment is irrevocable and continuing and any such rights, powers and privileges shall be exclusive in the Agent, its successors and assigns until this Assignment terminates as provided in
Section 14 hereof. 

  
 5 

 (d) Notwithstanding anything in this Section 4 to the contrary, so long as no Event of
Default has occurred and is continuing, or would occur as a result thereof, Assignor shall have a right (revocable upon the occurrence and during the continuation of an Event of Default) to receive any Distributions as permitted under the Credit
Agreement. Notwithstanding anything contained herein to the contrary, no such income to be distributed shall be attributable to rents, accounts, accounts receivable, fees or other amounts paid more than one (1) month in advance, and provided
further that such amounts to be distributed shall not include any proceeds of any sale, transfer, assignment, conveyance, option or other disposition of, or any mortgage, hypothecation, encumbrance, financing or refinancing of, or casualty or
condemnation of, any of the Properties, or any other Person in which it directly or indirectly holds an interest, any principal payments of any notes receivable, any amounts otherwise required by the terms of the Loan Documents to be paid to the
Agent or any other items of income which are extraordinary or of a non-recurring nature. 
 5. Warranties and Covenants. Assignor
does hereby warrant and represent to, and covenant and agree with the Agent, as follows: 
 (a) Assignor has, and shall maintain throughout
the term of this Assignment, all necessary power, authority and legal right to own and grant a security interest in the Collateral, and to assign to the Agent the security interest granted hereby. 

(b) Each of the Companies is a limited liability company or limited or general partnership, as applicable, duly formed and validly existing
under the laws of the State identified on Exhibit “A” attached hereto. 
 (c) All duties, obligations and responsibilities
required to be performed by Assignor or any other Company as of the date hereof under any of the Organizational Agreements of any Company have been performed, and no default or condition which with the passage of time or the giving of notice, or
both, would constitute a default exists under any of such Organizational Agreements. 
 (d) None of the Membership Interests or Partnership
Interests are evidenced by any certificate, instrument, document or other writing other than the Certificates and Organizational Agreements of the Companies, as the case may be. The Certificates have been duly authorized and validly issued, and are
fully paid and non assessable. 
 (e) This Assignment has been duly executed and delivered by Assignor and constitutes the valid, legal and
binding obligation of Assignor, except as enforceability is limited by bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting generally the enforcement of creditors’ rights and general principles of equity. No
Person has or shall have any right to exercise any voting or management rights with respect to any Company except for any manager of a Company which is a limited liability company, as to which a “Resignation Letter” (as defined below) has
been delivered to the Agent. 

  
 6 

 (f) A certified copy of each of the Organizational Agreements of each Company, together with all
amendments thereto, has been delivered to the Agent and such Organizational Agreements have been duly authorized, executed and delivered by Assignor and have not been modified, amended or supplemented except as indicated on Exhibit
“A”. Each of such Organizational Agreements are in full force and effect and are enforceable in accordance with their respective terms, and, so long as this Assignment remains in effect, Assignor shall not modify, amend, cancel,
release, surrender, terminate or permit the modification, amendment, cancellation, release, surrender or termination of, any of such Organizational Agreements, or dissolve, liquidate or permit the expiration of any of such Organizational Agreements
or the termination or cancellation thereof, without in each instance the prior written consent of the Agent. 
 (g) There are no actions,
suits or proceedings pending or, to the knowledge of Assignor, threatened against or affecting Assignor or the Collateral, or involving the validity or enforceability of this Assignment or the priority of the lien thereof, at law or in equity, or
before any governmental or administrative agency, and there are no judgments outstanding against Assignor, and no actions, suits, proceedings or investigations pending or threatened against Assignor, that if adversely determined, individually or in
the aggregate, would adversely affect the property, assets, financial condition or business of Assignor or impair its rights or abilities to carry on its operations, substantially as conducted on the date of this Assignment. 

(h) Assignor is and shall remain the sole lawful, beneficial and record owner of the Collateral, which Assignor has hereby granted a security
interest to the Agent free and clear of all liens, restrictions, Adverse Claims, pledges, encumbrances, charges, rights of third parties and rights of set off or recoupment whatsoever (other than those in favor of the Agent hereunder), and Assignor
has the full and complete right, power and authority to grant a security interest in the Collateral in favor of the Agent, in accordance with the terms and provisions of this Assignment. The term “Adverse Claims” shall mean, with
respect to any item of property, any and all claims, liens, security interests, charges, options, rights, restrictions on transfer or pledge, covenants and encumbrances of any kind affecting the item of property, including (if applicable)
“adverse claims” as such term is defined in Section 8-102 of the Uniform Commercial Code, other than the liens and security interests created in favor of the Agent pursuant to this Assignment. Each Company is and shall at all times
remain the sole, lawful, beneficial and record owner of its Pool Property, and no Company owns or will own any asset other than such Pool Property. Assignor is not and will not become a party to or otherwise be bound by or subject to any agreement,
other than the Credit Agreement, which restricts in any manner the rights of any present or future holder of such Collateral with respect thereto. No Person has any option, right of first refusal, right of first offer or other right to acquire all
or any portion of the Collateral. 
 (i) Assignor is and shall remain the sole lawful, beneficial and record owner of the Membership
Interests or Partnership Interests, as applicable, which Assignor has hereby granted a security interest to the Agent and no other person or entity owns or shall own any legal, equitable or beneficial interest in such Companies or any other Person
in which any of such Companies may directly or indirectly own an interest or has or shall have any right to vote or exercise control over such Companies or any other Person in which any of such Companies may directly or indirectly own an interest or
their management. Assignor has fully funded all of its capital contributions required pursuant to the applicable Organizational Agreements of each of the Companies, and Assignor has no further obligation to contribute capital to such Companies. 

  
 7 

 (j) This Assignment, together with the UCC financing statements, and the Certificates and powers
delivered to the Agent (such powers to be in the form of Exhibit “D” attached hereto), creates a valid and binding first priority security interest in the Collateral securing the payment of the Secured Obligations and the
performance by Assignor of its obligations under the Loan Documents and this Assignment, and all filings and other actions necessary to perfect and protect such security interests have been duly made and taken. Neither Assignor nor any other Person
has performed, nor will Assignor perform, or cause or permit any other Person to perform, any acts which could reasonably be expected to prevent the Agent from enforcing any of the terms and conditions of this Assignment or which would limit the
Agent in any such enforcement. 
 (k) All original notes and other documents or instruments evidencing, constituting, guaranteeing or
securing any of the Distributions or any right to receive the Distributions have been endorsed to and delivered to the Agent. 
 (l)
Assignor consents to the admission of the Agent or any other purchaser of any of the Membership Interests or Partnership Interests upon a foreclosure sale as a substitute member or partner of a Company, with all of the rights and privileges of a
member under the applicable Organizational Agreement in the event that the Agent exercises its rights under this Assignment and the Agent or such other purchaser succeeds to ownership of all or any portion of the Membership Interests or Partnership
Interests. 
 (m) (i) Assignor’s correct legal name (including, without limitation, punctuation and spacing) indicated on the public
record of Assignor’s jurisdiction, mailing address, identity or corporate structure, residence or chief executive office, jurisdiction of organization, organizational identification number, and federal tax identification number, are as set
forth on Exhibit “C” attached hereto and by this reference made a part hereof, (ii) Assignor has been using or operating under said name, identity or corporate structure without change for the time period set forth on
Exhibit “C” attached hereto, and (iii) in order to perfect the pledge and security interests granted herein against Assignor, a U.C.C. Financing Statement must be filed with the Secretary of State of Delaware. Assignor
covenants and agrees that Assignor shall not change any of the matters addressed by clauses (i), (ii), and (iii) of this Section 5(m) unless it has given the Agent thirty (30) days prior written notice of any such change and caused to
be filed at the request of the Agent, or authorized the Agent or the Agent’s counsel to file, such additional financing statements or other instruments to be filed in such jurisdictions as the Agent may deem necessary or advisable in its sole
discretion to prevent any filed financing statement from becoming misleading or losing its perfected status. 
 (n) Assignor agrees to do
such further acts and things, and to execute and deliver such additional conveyances, assignments, agreements, documents, endorsements, assurances and instruments as the Agent may reasonably at any time request in connection with the administration
or enforcement of this Assignment or related to the Collateral or any part thereof or in order to better assure and confirm unto the Agent its rights, powers and remedies hereunder, including, without limitation, the protection and perfection of the
Agent’s security 

  
 8 

 
interest in the Collateral. Without limiting the generality of the foregoing, at any time and from time to time, Assignor shall, at the request of the Agent, make, execute, acknowledge, and
deliver or authorize the execution and delivery of and where appropriate, cause to be recorded and/or filed and from time to time thereafter to be re-recorded and/or refiled at such time in such offices and places as shall be deemed desirable by the
Agent all such other and further assignments, security agreements, financing statements, continuation statements, endorsements, assurances, certificates and other documents as the Agent from time to time may require for the better assuring,
conveying, assigning and confirming to the Agent the Collateral and the rights hereby conveyed or assigned or intended now or hereafter to be conveyed or assigned, and for carrying out the intention or facilitating the performance of the terms of
this Assignment. Upon any failure of Assignor to do so, the Agent may make, execute, record, file, rerecord and/or refile, acknowledge and deliver any and all such further assignments, security agreements, financing statements, continuation
statements, endorsements, assurances, instruments, certificates and documents for and in the name of Assignor, and Assignor hereby irrevocably appoints the Agent the agent and attorney-in-fact with full power of substitutions of Assignor so to do.
This power is coupled with an interest and is irrevocable. Without limiting the generality of the foregoing, Assignor will obtain such waivers of lien, estoppel certificates or subordination agreements as the Agent may reasonably require to insure
the priority of its security interest in the Collateral. Assignor also shall furnish to the Agent such evidence as the Agent reasonably may require from time to time to confirm the value of the Collateral. 

(o) Exhibit “C” correctly sets forth all names and tradenames that Assignor has used within the last five years, and also
correctly sets forth the locations of all of the chief executive offices of Assignor over the last five years. 
 (p) Assignor shall, at any
time and from time to time, take such steps as the Agent may reasonably request for the Agent (1) to obtain an acknowledgment, in form and substance reasonably satisfactory to the Agent, of any bailee having possession of any of the Collateral,
stating that the bailee holds possession of such Collateral on behalf of the Agent, (2) to obtain “control” of any investment property, deposit accounts, letter-of-credit rights, or electronic chattel paper (as such terms are defined
by the Uniform Commercial Code as enacted in the State of New York (the “UCC”) with corresponding provisions thereof defining what constitutes “control” for such items of collateral) in each case which are included as
Collateral, with any agreements establishing control to be in form and substance reasonably satisfactory to the Agent, and (3) otherwise to insure the continued perfection and priority of the Agent’s security interest in any of the
Collateral and of the preservation of its rights therein. If Assignor shall at any time, acquire a “commercial tort claim” (as such term is defined in the UCC with respect to the Collateral or any portion thereof), Assignor shall promptly
notify the Agent thereof in writing, providing a reasonable description and summary thereof, and shall execute a supplement to this Assignment in form and substance acceptable to the Agent granting a security interest in such commercial tort claim
to the Agent. 
 (q) Assignor hereby authorizes the Agent, its counsel or its representative, at any time and from time to time, to file
financing statements, amendments and continuations that describe or relate to the Collateral or any portion thereof in such jurisdictions as the Agent may deem necessary or desirable in order to perfect the security interests granted by Assignor
under this Assignment or any other Loan Document, and such financing statements may contain, among other items as the Agent may deem advisable to include therein, the federal tax identification number and state organizational number of Assignor.

  
 9 

 (r) The transactions contemplated by this Assignment do not violate and do not require that any
filing, registration or other act be taken with respect to any and all laws pertaining to the registration or transfer of securities, including without limitation the Securities Act of 1933, as amended, the Securities and Exchange Act of 1934, as
amended, and any and all rules and regulations promulgated thereunder or any similar federal, state or local law, rule, regulation or orders (collectively, the “Applicable Law”) hereafter enacted or analogous in effect, as the same
are amended and in effect from time to time (hereinafter referred to collectively as the “Securities Laws”). Assignor shall at all times comply with the Securities Laws as the same pertain to all or any portion of the Collateral or
any of the transactions contemplated by this Assignment. 
 (s) Assignor is not a party to any contract or agreement or subject to any
restriction or requirement materially and adversely affecting the Collateral, its business, operations or condition, financial or otherwise. 

(t) No transfer tax, deed tax, conveyance tax or similar tax will be payable as a result of a transfer of the Collateral (whether by
foreclosure, conveyance in lieu of foreclosure or otherwise) by Assignor to the Agent. 
 (u) Each of the Organizational Agreements of any
Company that has issued Certificates provides that the Equity Interests governed thereby are securities governed by Article 8 of the Uniform Commercial Code as in effect in any relevant jurisdiction. 

6. General Covenants. Assignor covenants and agrees that, so long as this Assignment is continuing: 

(a) Except with respect to any Equity Interests that have been expressly released as provided in §5.4 of the Credit Agreement, Assignor
shall not, without the prior written consent of the Agent, which consent may be withheld by the Agent in its sole and absolute discretion, directly or indirectly or by operation of law, sell, transfer, assign, dispose of, pledge, convey, option,
mortgage, hypothecate or encumber any of the Collateral, nor shall there occur, directly, indirectly or by operation of law, without the prior written consent of the Agent in each instance, which consent may be withheld by the Agent in its sole and
absolute discretion, any sale, assignment, transfer, conveyance, disposition, option, mortgage, hypothecation, pledge or other encumbrance of any direct or indirect interests, rights or claims of any Company in and to any Person in which such
Company has any ownership interest. 
 (b) Assignor shall at all times defend the Collateral against all claims and demands of all persons
at any time claiming any interest in the Collateral adverse to the Agent’s interest in the Collateral as granted hereunder. 
 (c) So
long as this Assignment remains in effect, Assignor shall not, unless the Equity Interests of such Company have been released pursuant to §5.4 of the Credit Agreement (i) modify, amend, cancel, release, surrender, terminate or permit the
modification, amendment, cancellation, release, surrender or termination of, any of the Organizational 

  
 10 

 
Agreements of any Company, or (ii) dissolve, liquidate or to the extent within Assignor’s control under such Organizational Agreements, permit the dissolution, liquidation or expiration
of any of the Companies or any of such Organizational Agreements, or (iii) seek the partition of any of the assets of any of the Companies. Assignor shall not permit any change in any manager of a Company that is a limited liability company.

 (d) Assignor shall perform all of its duties, responsibilities and obligations under each of the Organizational Agreements of each
Company and with respect to the Collateral, and shall diligently and in good faith protect the value of the Collateral. Assignor shall cause each other Company which owns an interest in any other Company to perform all of its duties,
responsibilities and obligations under each of the Organizational Agreements of the applicable Company of which such Company is a member or partner. 

(e) Assignor shall pay all taxes and other charges against the Collateral, shall not use the Collateral illegally, and shall not suffer to
exist any loss, theft, damage or destruction of the Collateral and shall suffer to exist no levy, seizure or attachment of the Collateral. 

(f) Assignor, at the request of the Agent, shall promptly take such actions as the Agent may reasonably require to enforce or cause to be
enforced the terms of any of the Organizational Agreements of any Company or any other contract, agreement or instrument included in, giving rise to, creating, establishing, evidencing or relating to the Collateral or to collect or enforce any claim
for payment or other right or privilege assigned to the Agent hereunder. 
 (g) Except for those items of the Collateral that are delivered
to the Agent as provided herein, the Collateral, and all records of Assignor relative to the Collateral, are and will be kept at the office of Assignor located in Hillsborough County, Florida. Assignor shall give the Agent not fewer than thirty
(30) days prior written notice of any change in the location of the Collateral or of such records, and Assignor will not, without the prior written consent of the Agent, move the Collateral or such records to a location outside of Hillsborough
County, Florida or keep duplicate records with respect to the Collateral at any address outside such county. 
 (h) If any amounts are due
from any of the Companies to Assignor, including, without limitation, any amounts in respect of Distributions payable to Assignor in the future, and the obligations to pay or repay such amount is to be evidenced by a separate document or instrument,
then as evidence of such obligations, Assignor shall cause such Company to issue Assignor, as the evidence of any obligations of such Company to pay Distributions to Assignor in the future, a promissory note bearing the legend attached hereto as
Exhibit “B”, which note shall provide that all payments due under such promissory note are to be paid directly to the Agent as required by and applied as provided in this Assignment until the earliest of (i) the date on which
the Equity Interests in such Company have been released pursuant to §5.4 or §5.7(a) of the Credit Agreement, (ii) the Secured Obligations are paid in full and the Lenders have no further obligation to make any advances under the
Credit Agreement or issue any Letters of Credit, or (iii) this Assignment is otherwise terminated as provided herein or in the Credit Agreement. No other evidence of such obligations shall be executed by such Company to Assignor. 

  
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 (i) Assignor shall promptly deliver to the Agent any note or other document or instrument entered
into after the date hereof which evidences, constitutes, guarantees or secures any of the Distributions or any right to receive a Distribution, which notes or other documents and instruments shall be accompanied by such endorsements or assignments
as the Agent may require to transfer title to the Agent. 
 (j) So long as this Assignment shall remain in effect, Assignor shall,
immediately upon receipt, forward to the Agent duplicate copies of any and all notices of default under any of the Organizational Agreements of any Company or of any failure by Assignor or any other Company to perform any obligation under any of
such Organizational Agreements. 
 (k) Assignor will provide to the Agent such documents and reports respecting the Collateral in such form
and detail as the Agent may reasonably request from time to time. 
 (l) Anything herein to the contrary notwithstanding, (i) Assignor
shall remain liable under each of the Organizational Agreements of each Company and all other contracts, agreements and instruments included in, giving rise to, creating, establishing, evidencing or relating to the Collateral to the extent set forth
therein to perform all of its duties and obligations (including, without limitation, any obligation to make capital contributions or provide other funds to such entities) to the same extent as if this Assignment had not been executed, (ii) the
exercise by the Agent of any of its rights hereunder shall not release Assignor from any of its duties or obligations under any of such Organizational Agreements or any such contracts, agreements and instruments, and (iii) neither the Agent nor
any of the Lenders shall have any obligation or liability under any of such Organizational Agreements or any such contract, agreement or instrument by reason of this Assignment, nor shall the Agent or any of the Lenders be obligated to perform any
of the obligations or duties of Assignor thereunder or to take any action to collect or enforce any claim for payment or other right or privilege assigned to the Agent hereunder. 

(m) Assignor shall not, without the prior written consent of the Agent, which consent may be withheld by the Agent in its sole and absolute
discretion, take or permit to be taken any action which could result in the sale, reduction, cancellation, dilution, diminution, conversion or withdrawal of any interest of such Assignor in any of the Companies or in any Person in which any of the
Companies owns an interest, or omit to take any action necessary to prevent any such sale, reduction, cancellation, dilution, diminution, conversion or withdrawal, or otherwise take any action or omit to take any action that would, in the exercise
of the Agent’s judgment, jeopardize or diminish the security interests or rights and benefits afforded to the Agent by the Collateral. Without limiting the foregoing, such Assignor shall not consent to or permit to occur the admission of any
new member, partner or shareholder, or the creation of any new class of interest in any of the Companies or in any Person in which any of the Companies owns an interest or the issuance, directly or indirectly, of any other equity or beneficial
interest in any of the Companies or in any Person in which any of the Companies owns an interest. 
 (n) Assignor has delivered to the Agent
a resignation letter in the form of Exhibit “E” attached hereto (each, a “Resignation Letter”) from each officer of each Company, if any, that provides that such Person has resigned its position as an officer of the
Company effective upon receipt of notice from the Agent of the occurrence of an Event of Default. 

  
 12 

 
Without limiting the provisions of this Assignment that provide that a change in any such officer is an Event of Default, Assignor shall immediately notify the Agent of any change in any such
officer, or the addition of any other Person as an officer, and shall cause each officer of the Company that may be appointed after the date hereof to deliver to the Agent within ten (10) days of such appointment or election a Resignation
Letter satisfactory to the Agent. 
 7. Substitution, Exchanges, Additional Interest. 

If Assignor shall at any time be entitled to receive or shall receive any cash, certificate or other property, option or right, upon, in
respect of, as an addition to, or in substitution or exchange for any of the Collateral, whether for value paid by Assignor or otherwise, Assignor agrees that the same shall be deemed to be Collateral and shall be delivered directly to the Agent in
each case, accompanied by proper instruments of assignment and powers duly executed by Assignor in such a form as may be required by the Agent, to be held by the Agent subject to the terms hereof, as further security for the Secured Obligations
(except as otherwise provided herein with respect to the application of the foregoing to the Secured Obligations). If Assignor receives any of the foregoing directly, Assignor agrees to hold such cash or other property in trust for the benefit of
the Agent, and to surrender such cash or other property to the Agent immediately. In the event that Assignor purchases or otherwise acquires or obtains any additional interest in the Companies or any rights or options to acquire such interest, all
rights to receive profits, proceeds, accounts, income, dividends, distributions or other payments as a result of such additional interest, rights and options shall automatically be deemed to be a part of the Collateral. All certificates, if any,
representing such interests shall be promptly delivered to the Agent, together with assignments related thereto, or other instruments appropriate to transfer a certificate representing any such interest, duly executed in blank. This Section 7
is subject to the terms of Section 4(d) of this Assignment. 
 8. Events of Default. An Event of Default shall exist hereunder
upon the occurrence of any of the following: 
 (a) Assignor shall fail to duly and fully comply with any covenant, condition or agreement
in Section 5(a), 6(a), 6(c), 6(g), 6(h), 6(i), 6(m) or 7 of this Assignment; 
 (b) Assignor shall fail to, or Assignor shall fail to
cause any other Person, to duly and fully comply with any covenant, condition or agreement of this Assignment (other than those specified in subsection (a) above or any default excluded from any provision of a grace period or cure of defaults
contained in any other of the Loan Documents) and such failure is not cured in the applicable time period provided in the Credit Agreement; 

(c) The occurrence of an Event of Default under any of the other Loan Documents; 

(d) Any amendment to or termination of a financing statement naming Assignor as debtor and the Agent as secured party, or any correction
statement with respect thereto, is filed in any jurisdiction by, or caused by, or at the instance of Assignor or by, or caused by, or at the instance of any principal, member, partner, shareholder or officer of Assignor without the prior written
consent of the Agent; or 
 (e) Any amendment to or termination of a financing statement naming Assignor as debtor and the Agent as secured
party, or any correction statement with respect thereto, is filed in any jurisdiction by any party other than the Agent or the Agent’s counsel without the prior written consent of the Agent and the effect of such filing is not completely
nullified to the reasonable satisfaction of the Agent within ten (10) days after notice to Assignor thereof. 

  
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 9. Remedies. 

(a) Upon the occurrence of any Event of Default, the Agent may take any action deemed by the Agent to be necessary or appropriate to the
enforcement of the rights and remedies of the Agent under this Assignment and the Loan Documents, including, without limitation, the exercise of its rights and remedies with respect to any or all of the Collateral. The remedies of the Agent shall
include, without limitation, all rights and remedies specified in the Loan Documents and this Assignment, all remedies of the Agent under applicable general or statutory law, and the remedies of a secured party under the UCC, regardless of whether
the UCC has been enacted or enacted in that form in any other jurisdiction in which such right or remedy is asserted. In addition to such other remedies as may exist from time to time, whether by way of set off, banker’s lien, consensual
security interest or otherwise, upon the occurrence of an Event of Default, the Agent is authorized at any time and from time to time, without notice to or demand upon Assignor (any such notice or demand being expressly waived by Assignor) to charge
any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by the Agent to or for the credit of or the account of Assignor against any and all of the Secured Obligations,
irrespective of whether or not the Agent shall have made any demand for payment and although such Secured Obligations may be unmatured. Any notice required by law, including, but not limited to, notice of the intended disposition of all or any
portion of the Collateral, shall be reasonable and properly given if given in the manner prescribed for the giving of notice herein, and, in the case of any notice of disposition, if given at least ten (10) days prior to such disposition. The
Agent may require Assignor to assemble the Collateral and make it available to the Agent at any place to be designated by the Agent which is reasonably convenient to both parties. It is expressly understood and agreed that the Agent shall be
entitled to dispose of the Collateral at any public or private sale or sales, without recourse to judicial proceedings and without either demand, appraisement, advertisement or notice (except as such notice as is otherwise required under this
Assignment) of any kind, all of which are expressly waived, and that the Agent shall be entitled to bid and purchase at any such sale. In the event that the Agent is the successful bidder at any public or private sale of any note or other document
or instrument evidencing Assignor’s right to receive a Distribution, the Agent shall be entitled to credit the amount bid by the Agent against the obligations evidenced by such note, document or instrument rather than the Secured Obligations.
In the event that the Agent is the successful bidder at any public or private sale of the Collateral or any portion thereof, the amount bid by the Agent may be credited against the Secured Obligations as provided in the Credit Agreement. To the
extent the Collateral consists of marketable securities, the Agent shall not be obligated to sell such securities for the highest price obtainable, but shall sell them at the market price available on the date of sale. The Agent shall not be
obligated to make any sale of the Collateral if it shall determine not to do so regardless of the fact that notice of sale of the Collateral may have been given. The Agent may, without notice or publication, adjourn any public sale from time to time
by announcement at the 

  
 14 

 
time and place fixed for sale, and such sale may, without further notice, be made at the time and place to which the same was so adjourned. Each such purchaser at any such sale shall hold the
Collateral sold absolutely free from claim or right on the part of Assignor. In the event that any consent, approval or authorization of any governmental agency or commission will be necessary to effectuate any such sale or sales, Assignor shall
execute all such applications or other instruments as the Agent may deem reasonably necessary to obtain such consent, approval or authorization. The Agent may notify any account debtor or obligor with respect to the Collateral to make payment
directly to the Agent, and may demand, collect, receipt for, settle, compromise, adjust, sue for, foreclose or realize upon the Collateral as the Agent may determine whether or not the Secured Obligations or the Collateral are due, and for the
purpose of realizing the Agent’s rights therein, the Agent may receive, open and dispose of mail addressed to Assignor and endorse notes, checks, drafts, money orders, documents of title or other evidences of payment, shipment or storage of any
form of Collateral on behalf and in the name of Assignor, as its attorney in fact. In addition, Assignor hereby irrevocably designates and appoints the Agent its true and lawful attorney-in-fact either in the name of the Agent or Assignor to
(i) sign Assignor’s name on any Collateral, drafts against account debtors, assignments, any proof of claim in any bankruptcy or other insolvency proceeding involving any account debtor, any notice of lien, claim of lien or assignment or
satisfaction of lien, or on any financing statement or continuation statement under the UCC; (ii) send verifications of accounts receivable to any account debtor; and (iii) in connection with a transfer of the Collateral as described
above, sign in Assignor’s name any documents necessary to transfer title to the Collateral to the Agent or any third party. All acts of said attorney in fact are hereby ratified and approved and the Agent shall not be liable for any mistake of
law or fact made in connection therewith. This power of attorney is coupled with an interest and shall be irrevocable so long as any amounts remain unpaid on any of the Secured Obligations. All remedies of the Agent shall be cumulative to the full
extent provided by law, all without liability except to account for property actually received, but the Agent shall have no duty to exercise such rights and shall not be responsible for any failure to do so or delay in so doing. Pursuit by the Agent
of certain judicial or other remedies shall not abate nor bar other remedies with respect to the Secured Obligations or to other portions of the Collateral. The Agent may exercise its rights to the Collateral without resorting or regard to other
collateral or sources of security or reimbursement for the Secured Obligations. In the event that any transfer tax, deed tax, conveyance tax or similar tax is payable in connection with the foreclosure, conveyance in lieu of foreclosure or otherwise
of the Membership Interests, Partnership Interests or other Collateral, Assignor shall pay such amount to the Agent upon demand and if Assignor fails to pay such amount on demand, the Agent may advance such amount on behalf of Assignor and the
amount thereof shall become a part of the Secured Obligations and bear interest at the Default Rate until paid. 
 (b) If Assignor fails to
perform any agreement or covenant contained in this Assignment beyond any applicable period for notice and cure, the Agent may itself perform, or cause to be performed, any agreement or covenant of Assignor contained in this Assignment which
Assignor shall fail to perform, and the cost of such performance, together with any expenses, including reasonable attorneys’ fees actually incurred (including attorneys’ fees incurred in any appeal) by the Agent in connection therewith,
shall be payable by Assignor upon demand and shall constitute a part of the Secured Obligations and shall bear interest at the Default Rate. 

  
 15 

 (c) Whether or not an Event of Default has occurred and whether or not the Agent is the absolute
owner of the Collateral, the Agent may take such action as the Agent may deem necessary to protect the Collateral or its security interest therein, the Agent being hereby authorized to pay, purchase, contest and compromise any encumbrance, charge or
lien which in the reasonable judgment of the Agent appears to be prior or superior to its security interest, and in exercising any such powers and authority to pay necessary expenses, employ counsel and pay reasonable attorney’s fees. Any such
advances made or expenses incurred by the Agent shall be deemed advanced under the Loan Documents, shall increase the indebtedness evidenced and secured thereby, shall be payable upon demand and shall bear interest at the Default Rate. 

(d) Any certificates or securities held by the Agent as Collateral hereunder may, at any time, and at the option of the Agent, be registered
in the name of the Agent or its nominee, endorsed or assigned in blank or in the name of any nominee and the Agent may deliver any or all of the Collateral to the issuer or issuers thereof for the purpose of making denominational exchanges or
registrations or transfer or for such other purposes in furtherance of this Assignment as the Agent may deem desirable. Except as provided in the immediately succeeding sentence, Assignor shall retain the right to vote any of the Collateral, as
applicable, or exercise membership or partnership rights, as applicable, in a manner not inconsistent with the terms of this Assignment and the other Loan Documents, and the Agent hereby grants to Assignor its proxy to enable Assignor to so vote any
of the Collateral or exercise such membership or partnership rights, as applicable (except that Assignor shall not have any right to exercise any such power if the exercise thereof would violate or result in a violation of any of the terms of this
Assignment or any of the other Loan Documents). At any time after the occurrence and during the continuance of any Event of Default, the Agent or its nominee shall, upon notice to Assignor and the applicable Company, automatically have the sole and
exclusive right to give all consents, waivers and ratifications in respect of the Collateral about which the Agent has notified Assignor and such Company and exercise all voting and other membership, partnership, management, approval or other rights
at any meeting of the members or partners of such Company (and the right to call such meetings) or otherwise (and to give written consents in lieu of voting thereon) (collectively, the “Voting Rights”), and exercise any and all
rights of conversion, exchange, subscription or any of the rights, privileges or options pertaining to such Collateral and otherwise act with respect thereto and thereunder as if the Agent or its nominee were the absolute owner thereof (all of such
rights of Assignor ceasing to exist and terminating upon the occurrence and during the continuance of an Event of Default) including, without limitation, the right to exchange, at its discretion, any and all of such Collateral upon the merger,
consolidation, reorganization, recapitalization or the readjustment of the issuer thereof, all without liability except to account for property actually received and in such manner as the Agent shall determine in its sole and absolute discretion,
but the Agent shall have no duty to exercise any of the aforesaid rights, privileges or options and shall not be responsible for the failure to do so or delay in so doing. The exercise by the Agent of any of its rights and remedies under this
Section 9(d) shall not be deemed a disposition of collateral under Article 9 of the UCC nor an acceptance by the Agent of any of the Collateral in satisfaction of the Secured Obligations. 

(e) Upon the written demand of the Agent following the occurrence of and during the continuance of an Event of Default, Assignor shall deliver
or cause to be delivered to the Agent or the Agent’s designee all books, records, contracts, Leases, other loan documents, 

  
 16 

 
files and other correspondence relating to each Company, any other Person in which any Company has an ownership interest, or any other property owned by any Company or such other Person. 

(f) Notwithstanding anything in this Assignment or any other Loan Document to the contrary, any reference in this Assignment or any other Loan
Document to “the continuance of a default” or “the continuance of an Event of Default” or any similar phrase shall not create or be deemed to create any right of Assignor or any other party to cure any default following the
expiration of any applicable grace or notice and cure period. 
 10. Duties of the Agent. The powers conferred on the Agent hereunder
are solely to protect its interest in the Collateral and shall not impose any duty upon it to exercise any such powers. The Agent’s duty with reference to the Collateral shall be solely to use slight care in the custody and preservation of the
Collateral, which shall not include any steps necessary to preserve rights against prior parties. The Agent shall have no responsibility or liability for the collection of any Collateral or by reason of any invalidity, lack of value or
uncollectability of any of the payments received by it. 
 11. Indemnification. 

(a) It is specifically understood and agreed that this Assignment shall not operate to place any responsibility or obligation whatsoever upon
the Agent or any of the Lenders, or cause the Agent or any of the Lenders to be, or to be deemed to be, a member or partner in any of the Companies and that in accepting this Assignment, the Agent and the Lenders neither assume nor agree to perform
at any time whatsoever any obligation or duty of Assignor relating to the Collateral or under any of the Organizational Agreements of the Companies or any other mortgage, indenture, contract, agreement or instrument to which the Companies are a
party or to which they are subject, all of which obligations and duties shall be and remain with and upon Assignor. 
 (b) Assignor agrees
to indemnify, defend and hold the Agent and the Lenders harmless from and against any and all claims, expenses, losses and liabilities growing out of or resulting from this Assignment (including, without limitation, enforcement of this Assignment)
or acts taken or omitted to be taken by the Agent or the Lenders hereunder or in connection therewith, except claims, expenses, losses or liabilities resulting from the Agent’s or such Lender’s gross negligence or willful misconduct as
finally determined by a court of competent jurisdiction after the expiration of all applicable appeal periods. 
 (c) Assignor upon demand
shall pay to the Agent the amount of any and all reasonable expenses, including, without limitation, the reasonable fees and disbursements of counsel actually incurred (including those incurred in any appeal), and of any experts and agents, which
the Agent may incur in connection with (i) the administration of this Assignment, (ii) the sale of, collection from, or other realization upon, any of the Collateral, (iii) the exercise or enforcement of any of the rights of the Agent
hereunder, or (iv) the failure by Assignor or any Company to perform or observe any of the provisions hereof. 

  
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 12. Security Interest Absolute. All rights of the Agent, and the security interests
hereunder, and all of the obligations secured hereby, shall be absolute and unconditional, irrespective of: 
 (a) Any lack of validity or
enforceability of the Loan Documents or any other agreement or instrument relating thereto; 
 (b) Any change in the time (including any
extension of the maturity date of the Note), manner or place of payment of, or in any other term of, all or any of the Secured Obligations or any other amendment or waiver of or any consent to any departure from the Loan Documents; 

(c) Any exchange, release or nonperfection of any other collateral for the Secured Obligations, or any release or amendment or waiver of or
consent to departure from any of the Loan Documents with respect to all or any part of the Secured Obligations; or 
 (d) Any other
circumstance (other than payment of the Secured Obligations in full) that might otherwise constitute a defense available to, or a discharge of, Assignor, any Company or any third party for the Secured Obligations or any part thereof. 

13. Amendments and Waivers. No amendment or waiver of any provision of this Assignment nor consent to any departure therefrom shall in
any event be effective unless the same shall be in writing and signed by the Agent and Assignor, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given. No delay or omission of
the Agent to exercise any right, power or remedy accruing upon any Event of Default shall exhaust or impair any such right, power or remedy or shall be construed to be a waiver of any such Event of Default, or acquiescence therein; and every right,
power and remedy given by this Assignment to the Agent may be exercised from time to time and as often as may be deemed expedient by the Agent. Failure on the part of the Agent to complain of any act or failure to act which constitutes an Event of
Default, irrespective of how long such failure continues, shall not constitute a waiver by the Agent of the Agent’s rights hereunder or impair any rights, powers or remedies consequent on any Event of Default. Assignor hereby waives to the
extent permitted by law all rights which Assignor has or may have under and by virtue of the UCC and any federal, state, county or municipal statute, regulation, ordinance, Constitution or charter, now or hereafter existing, similar in effect
thereto providing any right of Assignor to notice and to a judicial hearing prior to seizure by the Agent of any of the Collateral. Assignor hereby waives and renounces for itself, its heirs, successors and assigns, presentment, demand, protest,
advertisement or notice of any kind (except for any notice required by law or the Loan Documents) and all rights to the benefits of any statute of limitations and any moratorium, reinstatement, marshaling, forbearance, valuation, stay, extension,
homestead, redemption and appraisement now provided or which may hereafter be provided by the Constitution and laws of the United States and of any state thereof, both as to itself and in and to all of its property, real and personal, against the
enforcement of this Assignment and the collection of any of the Secured Obligations. 
 14. Continuing Security Interest; Transfer of
Note; Release of Collateral. This Assignment shall create a continuing security interest in the Collateral and shall (a) remain in full 

  
 18 

 
force and effect until released pursuant to §5.7(b) of the Credit Agreement, (b) be binding upon Assignor and its permitted heirs, successors and assigns, and (c) inure, together
with the rights and remedies of the Agent hereunder, to the benefit of the Agent and the Lenders and their respective successors, transferees and assigns. Upon the indefeasible payment in full of the Secured Obligations and the termination or
expiration of any obligation of the Lenders to make further advances or issue Letters of Credit under the Credit Agreement, the security interest granted hereby shall terminate and all rights to the Collateral shall revert to Assignor. Upon any such
termination, the Agent will, at Assignor’s expense, execute and deliver to Assignor such documents as Assignor shall reasonably request to evidence such termination. 

15. Modifications, Etc. Assignor hereby consents and agrees that the Agent may at any time and from time to time, without notice to or
further consent from Assignor, either with or without consideration, surrender any property or other security of any kind or nature whatsoever held by it or by any person, firm or corporation on its behalf or for its account, securing the Secured
Obligations; substitute for any Collateral so held by it, other collateral of like kind; agree to modification of the terms of the Loan Documents; extend or renew the Loan Documents for any period; grant releases, compromises and indulgences with
respect to the Loan Documents for any period; grant releases, compromises and indulgences with respect to the Loan Documents to any persons or entities now or hereafter liable thereunder or hereunder; release any guarantor, endorser or any other
person or entity liable with respect to the Secured Obligations; or take or fail to take any action of any type whatsoever; and no such action which the Agent shall take or fail to take in connection with the Loan Documents, or any of them, or any
security for the payment of the Secured Obligations or for the performance of any obligations or undertakings of Assignor, nor any course of dealing with Assignor or any other person, shall release Assignor’s obligations hereunder, affect this
Assignment in any way or afford Assignor any recourse against Lender. 
 16. Securities Act. In view of the position of Assignor in
relation to the Collateral, or because of other current or future circumstances, a question may arise under the Securities Laws or the Organizational Agreements of the Companies with respect to any disposition of the Collateral permitted hereunder.
Assignor recognizes that the Organizational Agreements of the Companies strictly limit transfers of the Membership Interests or Partnership Interests, as the case may be, and the admission of substitute members or partners to the Companies. Assignor
understands that compliance with the Securities Laws and the Organizational Agreements of the Companies might very strictly limit the course of conduct of the Agent if the Agent were to attempt to dispose of all or any part of the Collateral in
accordance with the terms hereof, and might also limit the extent to which or the manner in which any subsequent transferee of any Collateral could dispose of the same. Similarly, there may be other legal restrictions or limitations affecting the
Agent in any attempt to dispose of all or part of the Collateral in accordance with the terms hereof under applicable Blue Sky or other state securities laws or similar Applicable Law analogous in purpose or effect. Assignor recognizes that in light
of the foregoing restrictions and limitations the Agent may, with respect to any sale of the Collateral, limit the purchasers to those who will agree, among other things, to acquire such Collateral for their own account, for investment, and not with
a view to the distribution or resale thereof and who are able to satisfy any conditions or requirements set forth in the Organizational Agreements of the Companies and the Agent may sell the Collateral in parcels and at such times and to such
Persons as the Agent may reasonably determine is necessary to comply with such conditions or 

  
 19 

 
requirements. Assignor acknowledges and agrees that in light of the foregoing restrictions and limitations, the Agent in its sole and absolute discretion may, in accordance with Applicable Law
and the Organizational Agreements of the Companies, (a) proceed to make such a sale whether or not a registration statement for the purpose of registering such Collateral or part thereof shall have been filed under the Securities Laws
(b) approach and negotiate with a single potential purchaser to effect such sale and (c) sell the Collateral in parcels and at such times and in such manner to such Persons as the Agent may reasonably determine is necessary to comply with
such conditions and requirements. Assignor acknowledges and agrees that any such sale might result in prices and other terms less favorable to the seller if such sale were a public sale without such restrictions. In the event of any such sale, the
Agent shall incur no responsibility or liability for selling all or any part of the Collateral in accordance with the terms hereof at a price that the Agent, in its sole and absolute discretion, may in good faith deem reasonable under the
circumstances, notwithstanding the possibility that a substantially higher price might have been realized if the sale were deferred until after registration as aforesaid or if more than a single purchaser were approached or if all the Collateral
were sold at a single sale. Assignor further agrees that any sale or sales by the Agent of the Collateral made as provided in this Section 16 shall be commercially reasonable. The provisions of this Section 16 will apply notwithstanding
the existence of a public or private market upon which the quotations or sales prices may exceed substantially the price at which the Agent sells. The Agent and the Lenders shall not be liable to Assignor for any loss in value of the Collateral by
reason of any delay in the sale of the Collateral. 
 17. Governing Law; Terms. THIS ASSIGNMENT SHALL PURSUANT TO SECTION 5-1401
OF THE NEW YORK GENERAL OBLIGATIONS LAW BE GOVERNED BY AND CONSTRUED UNDER THE LAWS OF THE STATE OF NEW YORK EXCEPT TO THE EXTENT OF PROCEDURAL AND SUBSTANTIVE MATTERS RELATING ONLY TO THE CREATION, PERFECTION (OTHER THAN PERFECTION OF A SECURITY
INTEREST IN THE CERTIFICATE BY CONTROL THEREOF, WHICH SHALL BE GOVERNED BY THE LAWS OF THE STATE WHERE THE CERTIFICATE IS LOCATED) AND FORECLOSURE OF SECURITY INTERESTS AND LIENS, AND ENFORCEMENT OF RIGHTS AND REMEDIES AGAINST THE COLLATERAL, WHICH
MATTER SHALL BE GOVERNED BY THE INTERNAL LAWS OF THE STATE OF NEW YORK. 
 18. Notices. Each notice, demand, election or request
provided for or permitted to be given pursuant to this Assignment (hereinafter in referred to as a “Notice”) must be in writing and shall be deemed to have been properly given or served if given in the manner prescribed in the
Credit Agreement if given to Assignor. 
 19. Counterparts. This Assignment and any amendment hereof may be executed in several
counterparts and by each party on a separate counterpart, each of which when so executed and delivered shall be an original, and all of which together shall constitute one instrument. In proving this Assignment it shall not be necessary to produce
or account for more than one such counterpart signed by the party against whom enforcement is sought. 
 20. No Unwritten Agreements.
THE WRITTEN LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

  
 20 

 21. Miscellaneous. Time is of the essence of this Assignment. Title or captions of
sections or paragraphs hereof are for convenience only and neither limit nor amplify the provisions hereof. If, for any circumstances whatsoever, fulfillment of any provision of this Assignment shall involve transcending the limit of validity
presently prescribed by applicable law, the obligation to be fulfilled shall be reduced to the limit of such validity; and if any clause or provision herein operates or would prospectively operate to invalidate this Assignment, in whole or in part,
then such clause or provision only shall be held for naught, as though not herein contained, and the remainder of this Assignment shall remain operative and in full force and effect. 

[Remainder of page intentionally left blank.] 

  
 21 

 IN WITNESS WHEREOF, Assignor and the Agent have executed this Assignment under seal on the date
first above written. 
  

					
	ASSIGNOR:
	
	CARTER VALIDUS OPERATING PARTNERSHIP II, LP, a Delaware limited partnership
		
	By:	 	Carter Validus Mission Critical REIT II, Inc., its general partner
			
		 	By:	 	 /s/ John E. Carter

		 	Name:	 	 John E. Carter

		 	Title:	 	 CEO

			
		 		 	[SEAL]
	
	AGENT:
	
	KEYBANK NATIONAL ASSOCIATION, as the Agent
		
	By:	 	 /s/ Kristin Centracchio

	Name:	 	 Kristin Centracchio

	Title:	 	 Vice President

 COLLATERAL ASSIGNMENT OF INTERESTS 

 EXHIBIT “A” 

COMPANIES 
  

									
	 NAME OF ENTITY
	  	 FORMATION DOCUMENTS
	  	 STATE OF

FORMATION
	  	 TYPE OF

INTEREST
	  	 CERTIFICATE

NUMBER

	 HC-11250

FALLBROOK DRIVE,

LLC
	  	Certificate of Formation filed on June 6, 2014 with the Secretary of the State of Delaware; and Amended and Restated Limited Liability Company Agreement of HC-11250 Fallbrook Drive, LLC, dated as of December 17, 2014	  	Delaware	  	 100% of the

limited
 liability

company
 interests
	  	1
	 HCII-5525 MARIE

AVENUE, LLC
	  	Certificate of Formation filed on September 11, 2014 with the Secretary of the State of Delaware; and Amended and Restated Limited Liability Company Agreement of HCII-5525 Marie Avenue, LLC, dated as of December 17,
2014	  	Delaware	  	 100% of the

limited
 liability

company
 interests
	  	1
	 HCII-110

CHARLOIS
 BOULEVARD,
LLC
	  	Certificate of Formation filed on October 28, 2014 with the Secretary of the State of Delaware; and Amended and Restated Limited Liability Company Agreement of HCII-110 Charlois Boulevard, LLC, dated as of December 17,
2014	  	Delaware	  	 100% of the

limited
 liability

company
 interests
	  	1

  
 EXHIBIT “A”
– Page 1 

 EXHIBIT “B” 

PROMISSORY NOTE LEGEND 

“THIS NOTE HAS BEEN PLEDGED BY CARTER VALIDUS OPERATING PARTNERSHIP II, LP (“ASSIGNOR”) TO KEYBANK NATIONAL ASSOCIATION,
AS ADMINISTRATIVE AGENT (“AGENT”), PURSUANT TO A COLLATERAL ASSIGNMENT OF INTERESTS DATED DECEMBER 17, 2014 (AS THE SAME MAY BE MODIFIED, AMENDED OR RESTATED FROM TIME TO TIME, THE “ASSIGNMENT”). ALL AMOUNTS
PAYABLE TO ASSIGNOR PURSUANT TO THIS NOTE SHALL BE PAID DIRECTLY TO AGENT AS REQUIRED BY THE ASSIGNMENT.” 

  
 EXHIBIT “B”
– Page 1 

 EXHIBIT “C” 

DESCRIPTION OF “DEBTOR” AND “SECURED PARTY” 

 

	A.	Debtor: 

 Carter Validus Operating Partnership II, LP, a limited partnership organized
under the laws of the State of Delaware. Debtor has been using or operating under said name and identity or corporate structure without change since January 22, 2013. 

Names and Tradenames used within last five years: Carter Validus Operating Partnership II, LP. 

Location of all chief executive offices over last five years: 

1. Two Urban Center, 4890 West Kennedy Boulevard, Suite 650, Tampa, Florida 33609 (current). 

2. 4211 West Boy Scout Boulevard, Suite 500, Tampa, Florida 33607 (prior). 

Organizational Number: 5277952 

Federal Tax Identification Number: 90-0929030 
  

	B.	Secured Party: 

 KEYBANK NATIONAL ASSOCIATION, a national banking association, as Agent.

  
 EXHIBIT “C”
– Page 1 

 EXHIBIT “D” 

FORM OF POWER 

IRREVOCABLE CERTIFICATE POWER 

FOR VALUE RECEIVED, the undersigned (hereinafter referred to as “Assignor”) has fully and irrevocably granted,
assigned and transferred and hereby does fully and irrevocably grant, assign and transfer to
                                         and the
successors, transferees, assigns and personal representatives thereof (hereinafter collectively referred to as “Assignee”) the following property: 

[                ] shares of [units/limited liability company
interests/partnership interests] of [                    ], a
[                    ], represented by certificate number [            ]. 

Assignor hereby irrevocably appoints Assignee to be Assignor’s true and lawful attorney-in-fact, with full power of substitution, and
empowers Assignee, for and in the name and stead of Assignor, to sell, transfer, hypothecate, liquidate or otherwise dispose of all of or any portion of the above-described securities, from time to time, and, for that purpose, to make, sign, execute
and deliver any documents or perform any other act necessary for such sale, transfer, hypothecation, liquidation or other disposition. Assignor acknowledges that this appointment is coupled with an interest and shall not be revocable by
Assignor’s dissolution or any other reason. Assignor hereby ratifies and approves all acts that Assignee or any substitute therefor shall do by virtue hereof. 

IN WITNESS WHEREOF, the undersigned has executed and sealed this power as of this
17th day of December, 2014. 
  

					
	CARTER VALIDUS OPERATING PARTNERSHIP II, LP, a Delaware limited partnership
		
	By:	 	Carter Validus Mission Critical REIT II, Inc., its general partner
			
		 	By:	 	 /s/ John E. Carter

		 	Name:	 	 John E. Carter

		 	Title:	 	 CEO

	
	[SEAL]

  
 EXHIBIT “D”
– Page 1 

 EXHIBIT “E” 

FORM OF RESIGNATION LETTER 

[DATE] 
 KeyBank National Association, as Agent

 4910 Tiedeman Road, 3rd Floor 

Brooklyn, Ohio 44144 
 Attention: Real Estate Capital Services

 Ladies and Gentlemen: 
 The undersigned
hereby irrevocably tenders its resignation as an officer of [NAME OF COMPANY], a
                                         (the
“Company”), which resignation shall become effective at the time specified in any written notice from you advising the Company that an Event of Default has occurred under that certain First Amended and Restated Credit Agreement
dated as of December     , 2014, among Borrower, KeyBank National Association, as the Agent, and the other parties thereto (as the same may be varied, extended, supplemented, consolidated, amended, replaced, renewed, modified or
restated, the “Credit Agreement”; capitalized terms used herein and not defined herein shall have the meanings ascribed to such terms in the Credit Agreement). The undersigned acknowledges and agrees that the undersigned shall have
no right or obligation to inquire or verify whether any Event of Default has occurred, and notwithstanding any claim of any other Person to the contrary, the foregoing resignation shall be effective upon the Company’s receipt from you of the
notice described above. The undersigned further agrees that any such notice shall be effective if delivered to the undersigned at the address set forth below (or at such other address of which the undersigned shall have notified the Agent in
accordance with the notice provision set forth in the Credit Agreement). 
  

			
	  

	Name:	 	  

	Title:	 	  

 Address: 
 c/o Carter
Validus Operating Partnership II, LP 
 Two Urban Center 
 4890
West Kennedy Blvd., Suite 650 
 Tampa, Florida 33609 
 Attn:
Todd Sakow, Chief Financial Officer 

  
 EXHIBIT “E”
– Page 1

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