Document:

fs1070809ex10xii_halberd.htm

     

    Exhibit 10.12

     

    
      SERVICES
AGREEMENT

       

      This
Agreement (Agreement) is entered into this 2nd day of July, 2009, by and between
Marx Layne, Inc. (“Service
Provider”), an independent contractor, whose address is 31420 Northwestern Highway,
Suite 100, Farmington Hills, MI
48334, a Michigan Corporation, and HALBERD Corporation, a public
company, whose address is 10755
Vernon Avenue Huntington Woods,
MI 48070 (Client), and its wholly owned subsidiary SellMyBusinessNow.com
(“Subsidiary”) in consideration of the mutual promises made herein, as
follows:

      

      Services
to be Performed by Service Provider

      Specific
Project Client: Halberd
Corporation and its related subsidiary entities (Client).

      

      Whereas: SERVICE PROVIDER has
been a contractor to the Client and it’s Subsidiary since inception;
and,

       

      Whereas: SERVICE PROVIDER has
been requested by Client to continue to provide marketing and content
development services for the Client and its Subsidiary operations including but
not limited to SellMyBusiness.com and Halberd Corporation for the contract year
beginning August 1, 2009 and ending July 31, 2010; and,

       

      Whereas: Client considers
SERVICE PROVIDER to be essential to the future success of Client’s subsidiary
operations.

       

      The
parties hereby agree as follows:

       

      
        	
                1.  

              	
                Method
      of Performing Services

              

      

      SERVICE
PROVIDER will utilize their specific methods, details, and means of performing
the all necessary or requested services and may also add to or enhance said
methods and details with prior approval of the Client.  All work
products including deliverables, form and function, content and technology as
well as notes, emails, documents or other forms of communication are the
property of the Client and must be provided to Client at the conclusion of the
Project or upon request.

      

      
        	
                2.  

              	
                Compensation

              

      

      In
consideration for the services to be performed and for services which have
already been performed by SERVICE PROVIDER on behalf of the Subsidiary, CLIENT
agrees to pay SERVICE PROVIDER as follows:

      
        	
                1.  

              	
                Services
      payment:  Client agrees to pay to SERVICE PROVIDER up to
      $12,500 per month (up to $150,000 for the annual period) for professional
      services rendered in either cash or in registered common stock, at the
      option of the Client.  As such, the company hereby agrees to
      register 395,000 shares of Common stock in the name of the SERVICE
      PROVIDER and to issue to SERVICE PROVIDER up to 32,917 shares of common
      stock per month in lieu cash payments. Further, SERVICE PROVIDER shall
      also agree that Under no condition
      will SERVICE PROVIDER or any related or affiliated member, entity or
      person short sell the stock nor will it cause the stock to be short sold
      on its own behalf or on behalf of any investor, fund, institution or
      other;

              

      

       

       

       

      
        
           

        

        
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                2.  

              	
                Upon
      the Client’s Board of Directors creating a qualified Stock Option Plan for
      Vendors, SERVICE PROVIDER shall be allowed to
  participate.

              

      

      
        	
                3.  

              	
                Travel
      Reimbursement:  SERVICE PROVIDER shall submit expense
      reports and all original receipts related to the Client Company and
      SERVICE PROVIDER shall be reimbursed for all pre-approved travel
      expenses.

              

      

      
        	
                4.  

              	
                Ad Placement
      Services:  Client agrees that any Ad Placement purchases
      are in addition to this Services Agreement and each Ad Placement purchases
      will be quoted and billed
separately.

              

      

      

      All
approved payments shall be processed within 30-business days of Client’s receipt
of invoice from SERVICE PROVIDER.

      

      3. Term
of Agreement

      This
Agreement will become effective on the date first written above and continue
until July 31, 2010 or until Project is completed, the Client contract is
terminated or the SERVICE PROVIDER is otherwise released from the project by
Client or at such time as this Contract is renewable by Agreement of the
parties.

      

      4. SERVICE
PROVIDER Service Level

      SERVICE
PROVIDER has the requisite background and knowledge to perform the tasks
required by this Agreement and hereby agrees to devote the necessary amount of
time to fully complete the Project to the satisfaction of SERVICE PROVIDER and
the Client.  Additionally, Client agrees that SERVICE PROVIDER may
represent, perform services for, and be employed by such additional clients,
persons, or companies as SERVICE PROVIDER, in SERVICE PROVIDER's sole
discretion, sees fit.

      

      5. Workers'
Compensation

      SERVICE
PROVIDER agrees to provide workers' compensation insurance as required under its
state laws for SERVICE PROVIDER's employees and agents and agrees to hold
harmless and indemnify CLIENT for any and all claims arising out of any injury,
disability, or death of any of employee and/or agent of SERVICE
PROVIDER.

      

      6. Assignment

      Neither
this Agreement nor any duties or obligations under this Agreement may be
assigned by SERVICE PROVIDER without the prior written consent of
CLIENT.

      

      
        
           

        

        
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      7. Cooperation
of the parties

      The
parties to this Agreement hereby agree to comply with all reasonable requests of
SERVICE PROVIDER necessary in the performance of SERVICE PROVIDER's duties under
this Agreement.

      

             
8. Place
of Work

      SERVICE
PROVIDER agrees to furnish space, all necessary communications, tools and
equipment as necessary to complete the services.

      

      9. Termination
of Agreement

      Notwithstanding
any other provisions of this Agreement, either party hereto may terminate this
Agreement at any time by written notice to the other party. Any outstanding
amounts remaining to be paid to SERVICE PROVIDER for the services of the SERVICE
PROVIDER as a result of this Agreement shall be paid to SERVICE PROVIDER within
30 business days of notice of termination.

      

      10. Further
Assurances

      The
parties hereto covenant and agree that each shall and will, upon reasonable
request of the other, make, do, execute or cause to be made, done or executed,
all such further and other lawful acts, deeds, things, devices and assurances
whatsoever for the better or more perfect and absolute performance of the terms
and conditions of the this Agreement.

      

      11. Relationship
with SERVICE PROVIDER

      The
SERVICE PROVIDER shall perform the Services as an independent contractor to the
CLIENT. Nothing contained in this Agreement shall be deemed to create any
association, partnership, joint venture, or relationship of company and agent,
or employer and employee between the parties hereto or to provide either party
with the right, power or authority, whether express or implied, to create any
such duty or obligation on behalf of any other party. The SERVICE PROVIDER also
agrees that it will not hold itself out as an affiliate of or partner, joint
venturer, co-company or co-employer with the Client by reason of the Agreement
and the SERVICE PROVIDER will not knowingly permit any of its employees, agents
or representatives to hold themselves out as, or claim to be, officers or
employees of the CLIENT by reason of this or any other Agreement. In the event
that the SERVICE PROVIDER is adjudicated to be a partner, joint venturer,
co-company or co-employer of or with the Client, the SERVICE PROVIDER shall
indemnify and hold harmless the Client from and against any and all claims for
loss, liability or damages arising therefrom.

      

      12. General
Provisions

      Any
notices to be given hereunder by either party to the other may be effected
either by personal delivery or by mail, registered or certified, postage prepaid
with return receipt requested. Mailed notices shall be addressed to the parties
at the addresses appearing in the introductory paragraph of this Agreement, but
each party may change that address by written notice in accordance with this
paragraph. Notices delivered personally shall be deemed communicated as of the
date of actual receipt; mailed notices shall be deemed communicated as of 3 days
after the date of mailing.

      

      
        
           

        

        
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      13. Entire
Agreement

      This
Agreement supersedes any and all agreements, either oral or in writing, between
the parties hereto with respect to this Project and the rendering of services by
SERVICE PROVIDER on behalf of SERVICE PROVIDER, and contains all of the
covenants and agreements between the parties with respect to the rendering of
such services in any manner whatsoever. Each party to this Agreement
acknowledges that no representations, inducements, promises, or agreements,
orally or otherwise, have been made by any party, or anyone acting on behalf of
any party, which is not embodied herein, and that no other agreement, statement,
or promise not contained in this Agreement shall be valid or binding. Any
modification of this Agreement will be effective only if it is in writing signed
by the parties to this Agreement.

      

      14. Severability

      If any
provision of this Agreement is held by a court of competent jurisdiction to be
invalid, void, or unenforceable, the remaining provisions shall nevertheless
continue in full force without being impaired or invalidated in any
way.

      

      15. Arbitration

      Any
controversy between the parties hereto involving the construction or application
of any of the terms, covenants, or conditions of this Agreement will, on the
written request of one party served on the other, be submitted to arbitration.
The arbitration will comply with and be governed by the American Arbitration
Association. The parties will each appoint one person to hear and determine the
dispute and if they are unable to agree, then the two persons so chosen will
select a third impartial arbitrator whose decision will be final and conclusive
on both parties. The cost of arbitration will be such that each party is
responsible for its own costs. Judgment upon the award rendered by the
arbitrator(s) may be entered in any court having jurisdiction
thereof.

       

      16. Liquidated
Damages in the Event of Arbitration

      It is
agreed that in the event of a breach of this Agreement by either party to this
Agreement, it would be impracticable or extremely difficult to fix the actual
damages and, therefore, the non-prevailing party will pay to the prevailing
party as liquidated damages and not as a penalty a maximum sum of Twenty-Five
Thousand dollars ($25,000), which represents a reasonable compensation for the
loss incurred because of the breach.

       

      17. Governing
Law

      This
Agreement shall be governed by and construed in accordance with the laws of the
State of Michigan.

       

       

      
 

      
        
           

        

        
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      18. Headings

      The
division of this Agreement into paragraphs and the use of headings is for
convenience of reference only and shall not modify or affect the interpretation
or construction of this Agreement or any of its provisions.

      

      

      

      

      

      

      [REMAINDER
OF THIS PAGE INTENTIONALLY BLANK]

      

      

      

      

      (Signature
page to follow)

       

       

       

       

      
        
           

        

        
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      IN WITNESS WHEREOF the parties
hereto have executed this Agreement as of the date first above
written.

      

      

        
          
            	
                    Client

                  	
                    SERVICE
      PROVIDER

                  
	 
      	 
      
	 
      	 
      
	 
      	 
      
	
                    By:
      ________________________

                  	
                    By:  _______________________

                  
	
                    Authorized
      Signature

                  	
                    Authorized
      Signature

                  
	 
      	 
      
	
                    ___________________________

                  	
                    __________________________

                  
	
                    
                      Print
      Name

                    

                  	
                    
                      Print
      Name

                    

                  
	 
      	 
      
	 
      	 
      
	
                    
                      ___________________________

                    

                  	
                    
                      __________________________

                    

                  
	
                    
                      Title

                    

                  	
                    
                      Title

                    

                  
	 
      	 
      
	
                    
                      ___________________________

                    

                  	
                    
                      __________________________

                    

                  
	
                    
                      Date
      of Signature

                    

                  	
                    
                      Date
      of Signature

                    

                  

          

        

         

         

         

        
Page | 6EX-10.1

EMPLOYMENT AGREEMENT

This EMPLOYMENT AGREEMENT (this “Agreement”) is dated and effective as of July 1,
2009, by and between Grubb & Ellis Healthcare REIT Inc., a Maryland corporation (the
“Company”), and Scott D. Peters (the “Executive”).

WHEREAS, the parties had previously entered into that initial letter employment agreement
dated November 14, 2008 (the “Initial Agreement”) which set forth the initial compensation
package and employment arrangement of the Executive with the Company;

WHEREAS, the parties hereto wish to supersede and replace the Initial Agreement (except as
specified herein) and enter into the arrangements set forth herein with respect to the terms and
conditions of the Executive’s continued employment with the Company from and after the “Effective
Date” (as defined herein);

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

SECTION 1

EMPLOYMENT AGREEMENT

This Agreement shall supersede and replace the Initial Agreement, which shall be of no further
force and effect as of July 1, 2009 (except as specifically provided herein). On the terms and
conditions set forth in this Agreement, the Company agrees to employ the Executive, and the
Executive agrees to be employed by the Company, for the Employment Period set forth in Section
2 and in the positions and with the duties set forth in Section 3. Terms used herein
with initial capitalization are defined in Section 10.

SECTION 2

TERM

Unless earlier terminated pursuant to Section 7, the term of the Executive’s
employment hereunder in the positions referenced under Section 3 will begin as of July 1,
2009 (the “Effective Date”) and will conclude on December 31, 2013 (the “Original
Term”). On the final day of the Original Term and on each anniversary thereafter (each an
“Extension Date”), the term of this Agreement shall be extended automatically for one (1)
year, such extension to commence on the Extension Date and terminate one year after the Extension
Date (the “Renewal Term”), unless written notice that the term of this Agreement shall not
be so extended is given by either party at least one-hundred and eighty (180) days prior to the
Extension Date.

The Original Term and any Renewal Terms, in their full duration, are herein referred to as the
“Employment Terms” and the period of the Executive’s employment under this Agreement
consisting of the Original Term and all Renewal Terms, except as may be terminated early pursuant
to Section 7, is herein referred to as the “Employment Period.”

SECTION 3

POSITION AND DUTIES

The Executive will serve as President and Chief Executive Officer of the Company during the
Employment Period. As President and Chief Executive Officer of the Company, the Executive will
render executive, policy and other management services to the Company of the type customarily
performed by persons serving in a similar capacity and as reasonably determined by the Board with
regard to the Executive’s status and position within the Company. The Company shall provide the
Executive with all necessary authority and resources to discharge the Executive’s responsibilities
under laws and regulations applicable to the Company and the Executive.

Provided that the Executive is in compliance with the terms of this Agreement, the Board shall
nominate the Executive to serve on the Board every year during the term of this Agreement and the
Executive shall serve on the Board subject to stockholder election.

The Executive will report directly to the Board. The Executive shall not be required to take
direction from or report to any other person unless otherwise directed by the Board. The Executive
will devote the Executive’s good faith efforts and full business time to the performance of the
Executive’s duties hereunder and the advancement of the business and affairs of the Company during
the Employment Period. It is understood that the Executive may, consistent with the other
provisions of this Agreement, pursue other outside interests, including but not limited to,
devoting time to (A) serving on corporate, civic or charitable boards or committees, (B) delivering
lectures, fulfilling speaking engagements or teaching at educational institutions and (C) managing
the Executive’s personal investments, so long as such activities do not interfere with the
performance of Executive’s responsibilities as President and Chief Executive Officer of the Company
in accordance with this Agreement.

SECTION 4

PLACE OF PERFORMANCE

During the Employment Period, the Executive’s primary place of employment and work location
will be Scottsdale, Arizona, except for reasonable travel on Company business and as otherwise
consented to by the Executive.

SECTION 5

COMPENSATION

Base Salary

During the Employment Period, the Company will pay to the Executive an annual base salary (the
“Base Salary”), which initially will be $500,000.00. The Base Salary will be reviewed by
the Compensation Committee of the Board (the “Compensation Committee”) no less frequently
than annually and may be increased (but not decreased) at the discretion of the Compensation
Committee. If the Executive’s Base Salary is increased, the increased amount will be the Base
Salary for the remainder of the Employment Period. The Base Salary will be payable semi-monthly or
in such other installments as will be consistent with the Company’s payroll procedures in effect
from time to time.

Performance Grant Bonus

On the Effective Date, the Company will grant the Executive 50,000 fully-vested shares of the
Company’s Common Stock (the “Shares”), pursuant to, and subject to the terms and conditions
of, the NNN Healthcare/Office REIT, Inc. 2006 Incentive Plan (“Plan”), in consideration of
Executive’s performance to date (the “Performance Bonus Shares”).

Notwithstanding the foregoing, the Executive may in his sole discretion elect to receive a
cash payment in lieu of up to one-half of the Performance Bonus Shares (i.e., up to 25,000 Shares).
Any such payment will be equal to the fair market value of the foregone Performance Bonus Shares
as of the Effective Date. The Executive must make such election in writing prior to the Effective
Date.

Annual Bonus

During the Employment Period, the Executive will be eligible to earn an annual performance
bonus in an amount determined at the discretion of the Compensation Committee for each fiscal year,
up to a maximum of 200% of the Base Salary. It is the intention of the parties hereto that the
Compensation Committee shall establish bonus parameters for the Executive with respect to each
fiscal year of the Employment Period. The Executive acknowledges and agrees that his annual bonus
is not guaranteed at any level, rather it is to be determined solely by the Compensation Committee,
in its sole discretion.

The Compensation Committee will establish the performance goals and objectives each year,
after meeting with the Executive, on which the Annual Bonus will be based.

Equity Compensation – Annual Share Grants

The Executive previously received a grant of 40,000 restricted Shares (the “Original
Restricted Shares”), as set forth in the Initial Agreement. Such Original Restricted Shares
shall vest in the time and manner set forth on that certain Restricted Stock Agreement dated
November 14, 2008. The Original Restricted Shares were granted pursuant to, and will remain
subject to the terms and conditions of the Plan.

Subject to the approval of the Board of Directors and the conditions and restrictions herein,
the Company will grant to the Executive an additional 100,000 restricted Shares of the Company’s
Common Stock on the Effective Date and, for so long as the Executive remains employed by the
Company, the Company will further grant 100,000 restricted Shares of the Company’s Common Stock on
each of the first three (3) anniversaries of the Effective Date, for a total of 400,000 restricted
Shares of the Company’s Common Stock.

Each such grant of 100,000 restricted Shares of the Company’s Common Stock (the “Annual
Restricted Shares”) will vest and become non-forfeitable in equal annual installments during
the balance of the term of this Agreement as follows: first on the date of each applicable grant
and thereafter on each of the remaining anniversaries of the Effective Date, as applicable, until
all shares are fully vested. The Annual Restricted Shares shall be granted pursuant to, and will
be subject to the terms and conditions of, the Plan, this Agreement and the Company’s standard
Restricted Stock Agreement. If there is any inconsistency or ambiguity among the Initial
Agreement, this Agreement, the Plan or the Restricted Stock Agreement, the Plan shall prevail.

Notwithstanding the foregoing, the Executive may in his sole discretion elect to receive a
cash award in lieu of up to one-half of each grant of Annual Restricted Shares (i.e., up to 50,000
Shares). Any cash award issued pursuant to such an election will be subject to the same vesting
schedule as the foregone Annual Restricted Shares and will pay out in an amount equal to the fair
market value of the foregone Annual Restricted Shares on the vesting date. The Executive must make
such election in writing prior to the first grant of the Annual Restricted Shares. Thereafter,
such election must be made in writing five (5) days prior to the grant to which it relates.

Other Compensation – Equity Interest

The Company is currently contemplating a “Follow-On Offering” (the “Follow-On
Offering”). In the event the Company proceeds with the Follow-On Offering, is ultimately
successful in raising funds and for so long as the Executive remains with the Company and performs
to the satisfaction of the Company, the Executive shall be entitled to receive a direct or indirect
equity interest in the Company (which equity interest may be held by a limited liability company
managed by the Company in which the Executive is a member) (the “Equity Interest”)
entitling the Executive to distributions or dividends upon the achievement of certain returns or
benchmarks by the Company related to the value of the assets acquired by the Company with the
proceeds of the Follow-On Offering.

Subject to Board approval of the establishment of the Equity Interest program, the terms of
the Equity Interest, the documents that convey the Equity Interest and the receipt of all
regulatory approvals necessary for the Company to conduct the Follow-On Offering in all fifty (50)
states, Puerto Rico and the District of Columbia, the Company shall issue such interest to the
Executive and it shall vest as follows:

(a) Initial Vesting of 1.25%: The Executive shall be immediately vested in 1.25% of
the appreciation (the “Appreciation”) that the Company realizes from properties and other
interests acquired using proceeds from the Follow-on Offering after the distribution by the Company
to its stockholders of the gross purchase price for all of the Company’s issued shares (as reduced
by any shares redeemed pursuant to the Company’s stock redemption plan) and a cumulative 8% per
annum return on the gross purchase price for all such shares, as will be described in the documents
that evidence the Equity Interest; provided that the Executive acknowledges the terms of the Equity
Interest have not been finally determined by the Board and that changes to the terms of the Equity
Interest may be required by the Board in order for the Follow-On Offering to be declared effective
by each of the regulatory authorities with jurisdiction over the Follow-On Offering and that, as a
result of such changes, the right to receive the Equity Interest is subject to modification or
elimination.

(b) Annual Vesting: The Executive shall vest in an additional .3125% of the
Appreciation on January 1st of each year that he is employed by the Company until his
total Equity Interest in the Appreciation is equal to 2.5%.

Notwithstanding any other provisions herein to the contrary, the Company’s obligation to issue
and the Executive’s right to receive the Equity Interest is subject to the following:

(i) Notwithstanding any other provisions herein to the contrary, the Executive acknowledges
and agrees that: (i) the Executive has not received and the Company has not provided any assurance
or representation of any kind relating to the Equity Interest; (ii) the Executive does not have any
expectation of any minimum level of a direct or indirect equity interest in the Company or a
subordinated participation interest in the Company; (iii) neither the Company nor any director,
officer, shareholder, partner, member, employee, trustee, representative or agent of the Company
shall have any liability or responsibility to the Executive for any act or omission performed or
failed to be performed by it, or for any losses, claims, costs, damages, or liabilities arising
from any such act or omission relating to the acquisition, management, operation, or disposition of
the Company’s assets; (iv) the Company shall have full power, authority, discretion and control
with respect to its assets; and (v) any rights of the Executive to the Equity Interest, if any, are
personal to the Executive and, notwithstanding any other provisions herein to the contrary, may not
be assigned by the Executive except to the extent permitted by the documents that evidence such
interest. The foregoing provisions are of material importance to the Company. The Executive
acknowledges and agrees that the Company has agreed to the grant of the Equity Interest (subject to
the provisions herein), if any, in reliance of the Executive’s agreement to the foregoing
provisions.

(ii) Notwithstanding any other provisions herein to the contrary, if this Agreement is
terminated by the Company for Cause, then the Equity Interest shall be forfeited.

(iii) Notwithstanding any other provision herein to the contrary, if the Executive terminates
this Agreement for any reason, other than for Good Reason, then the Equity Interest shall be
forfeited.

(iv) Notwithstanding any other provisions herein to the contrary, payment of the Equity
Interest shall be subject to and conditioned upon the Executive’s compliance with all applicable
laws, rules and regulations and the Executive’s compliance with the terms of this Agreement.

(v) Notwithstanding any other provisions herein to the contrary, retention of the Equity
Interest shall be subject to and conditioned upon the Executive’s continued employment with the
Company during the Original Term.

(vi) Notwithstanding any other provisions herein to the contrary, retention of the Equity
Interest shall be subject to and conditioned upon the Executive’s compliance with the terms and
conditions of the Non-Compete Agreement (as defined herein).

Benefits

During the Employment Period, the Executive will be entitled to all employee benefits and
perquisites made available to senior executives of the Company, including, without limitation,
group medical, dental, vision, life insurance, long-term disability insurance, retirement, pension,
401(k) savings plans and/or prescription drug plan coverage, subject to the condition that the
Executive is eligible for participation in any such plans. The Company shall pay 100% of the
premium cost of the Company’s health insurance coverage provided to the Executive (and the
Executive’s dependants, if applicable) by the Company from time to time. Nothing contained in this
Agreement will prevent the Company from terminating plans, changing carriers or effecting
modifications in employee benefits coverage for the Executive as long as such modifications affect
all similarly situated senior executives of the Company.

Vacation; Holidays

During the Employment Period, the Executive will be entitled to all public holidays observed
by the Company and vacation days in accordance with the applicable vacation policies for senior
executives of the Company, which vacation days will be taken at a reasonable time or times. The
Executive will initially be entitled to four (4) weeks vacation per year, and accrual of vacation
time is capped at a maximum of five (5) weeks. A maximum of one (1) week of any unused vacation
may carry over from calendar year to calendar year in accordance with the general policies of the
Company and subject to applicable law.

Directors and Officers Insurance and Indemnification

The Company shall maintain insurance to insure the Executive against claims arising out of an
alleged wrongful act by the Executive while acting as a director or officer of the Company or one
of its subsidiaries. The Company shall further indemnify and exculpate the Executive from money
damages incurred as a result of claims arising out of an alleged wrongful act by the Executive
while acting as an officer, director or employee of the Company, or of its subsidiaries, to the
fullest extent permitted under applicable law, subject to any indemnification agreement entered
into between the company and the Executive.

Withholding Taxes and Other Deductions

To the extent required by law, the Company will withhold from any payments due to the
Executive under this Agreement any applicable federal, state or local taxes and such other
deductions as are prescribed by law or authorized by the Executive.

Nonqualified Deferred Compensation Plan

The Company may, at the discretion of the Board, establish a nonqualified deferred
compensation plan for the Executive. Under such plan, the Executive may defer payment of certain
portions of the Executive’s compensation (including, without limitation, Base Salary and bonuses)
specified by the Executive, which is otherwise payable to the Executive, in accordance with the
terms established by the Company.

SECTION 6

EXPENSES

During the Employment Period, the Executive is expected and is authorized, subject to the
business expense policies as determined by the Company, to incur reasonable expenses in the
performance of the Executive’s duties hereunder, including the costs of entertainment, travel, and
similar business expenses. During the Employment Period, the Company will promptly reimburse the
Executive for all such expenses upon periodic presentation by the Executive of an accounting of
such expenses on terms applicable to senior executives of the Company.

SECTION 7

TERMINATION OF EMPLOYMENT

Any termination of the Executive’s employment by the Company or by the Executive will be
communicated by written Notice of Termination to the other party hereto in accordance with
Section 10. For purposes of this Agreement, a “Notice of Termination” will mean a
notice which will indicate the specific termination provision in this Agreement relied upon, if
any, and will set forth in reasonable detail the facts and circumstances claimed to provide a basis
for termination of the Employment Period under the provision so indicated. Termination of the
Employment Period will take effect on the Date of Termination. The Employment Period will be
terminated under the following circumstances:

Death

The Executive’s employment will terminate upon the Executive’s death.

By the Company

The Company may terminate the Executive’s employment:

(i) if the Executive will have been unable to perform, in the opinion of a competent physician
selected by the Board (provided that Executive shall also be able to select a physician and an
independent review in the event there is a dispute), any or all of the Executive’s duties
hereunder, either with or without reasonable accommodation, by reason of illness, physical or
mental disability or other similar incapacity, which inability will continue for more than three
consecutive months, or any six months in a twelve-month period (a “Disability”); or

(ii) with or without Cause.

By the Executive

The Executive may terminate his employment at any time for Good Reason or without Good Reason.

Return of Information

The Executive agrees to deliver to the Company at the termination of the Executive’s
employment all records, files, software, software code, memoranda, reports, price lists, customer
lists, drawings, plans, sketches, documents, technical information, contracts, sales or marketing
materials, personnel information, financial information, and the like (together with all copies of
such documents and things) relating to the business of the Company and its Affiliates and their
predecessors which the Executive may then possess or have under the Executive’s control.

SECTION 8

COMPENSATION UPON TERMINATION

The Executive’s employment must be terminated during the Employment Period in order for the
Executive to receive any payment or other benefit under this Section 8.

Death

If the Executive’s employment terminates during the Employment Period as a result of the
Executive’s death, the Company will pay to the Executive’s estate, or as may be directed by the
legal representatives of such estate, within thirty (30) days following the Date of Termination,
any accrued but unpaid Base Salary through the Date of Termination. All other unpaid amounts, if
any, which the Executive has accrued and is entitled to as of the Date of Termination in connection
with any fringe benefits or under any bonus or incentive compensation plan or program of the
Company pursuant to Section 5 will be paid in accordance with the terms of such
arrangements. In addition, if the Employment Period terminates as a result of the Executive’s
death, then any outstanding and unvested Original Restricted Shares and/or Annual Restricted Shares
held by the Executive will become fully vested on the Date of Termination. The Company will have
no further obligations to the Executive under this Agreement or otherwise (other than pursuant to
any employee benefit plan and any life insurance, death in service or other equivalent policy for
the benefit of the Executive).

Disability

If the Company terminates the Executive’s employment during the Employment Period because of
the Executive’s Disability, the Company will pay to the Executive within thirty (30) days following
the Date of Termination any accrued but unpaid Base Salary through the Date of Termination. All
other unpaid amounts, if any, which the Executive has accrued and is entitled to as of the Date of
Termination in connection with any fringe benefits or under any bonus or incentive compensation
plan or program of the Company pursuant to Section 5 will be paid in accordance with the
terms of such arrangements. In addition, if the Company terminates the Executive’s employment
during the Employment Period because of the Executive’s Disability, then any outstanding and
unvested Original Restricted Shares and/or Annual Restricted Shares held by the Executive will
become fully vested on the Date of Termination and the Executive will be entitled to the COBRA
payments provided under subsection (ii) of the Separation Benefits set forth in this
Section 8. The Company will have no further obligations to the Executive under this
Agreement or otherwise (other than pursuant to any employee benefit plan and any disability or
other medical insurance policy for the benefit of the Executive).

By the Company for Cause; By the Executive Without Good Reason

If the Company terminates the Executive’s employment during the Employment Period for Cause or
if the Executive terminates his employment during the Employment Period without Good Reason, the
Company will pay to the Executive within thirty (30) days following the Date of Termination any
accrued but unpaid Base Salary through the Date of Termination. All other unpaid amounts, if any,
which the Executive has accrued and is entitled to as of the Date of Termination in connection with
any fringe benefits or under any bonus or incentive compensation plan or program of the Company
pursuant to Section 5 will be paid in accordance with the terms of such arrangements.

Other than as set forth in this Section 8, the Company will have no further
obligations to the Executive under this Agreement or otherwise (other than pursuant to any employee
benefit plan).

By the Company Without Cause; By the Executive for Good Reason

If the Company terminates the Executive’s employment during the Employment Period other than
for Cause, Disability or death, or the Executive terminates his employment during the Employment
Period for Good Reason, the Executive will be entitled to the Separation Benefits (as defined in
this Section 8). Other than as set forth herein, the Company will have no further
obligations to the Executive under this Agreement or otherwise (other than pursuant to any employee
benefit plan).

Nothing in this Section 8 will be deemed to operate or will operate as a release,
settlement or discharge of any liability of the Executive to the Company or others for any action
or omission by the Executive, including without limitation any actions which formed, or could have
formed, the basis for termination of the Executive’s employment for Cause.

General Release

The Executive will execute a customary general release in a form satisfactory to the Company
in furtherance of this Agreement and as a condition to the receipt of any Separation Benefits (the
“Release”). Nothing in this Section 8 will be deemed to operate or will operate as
a release, settlement or discharge of any liability of the Executive to the Company or others for
any action or omission by the Executive, including without limitation any actions which formed, or
could have formed, the basis for termination of the Executive’s employment for Cause.

Separation Benefits

For purposes of this Agreement, “Separation Benefits” will mean:

(i) payment by the Company to the Executive of:

	 	(A)	 	any accrued but unpaid Base Salary through the Date of
Termination; and

	 	(B)	 	any other unpaid amounts, if any, which the Executive has
accrued and is entitled to as of the Date of Termination in connection with any
fringe benefits or under any bonus or incentive compensation plan or program of
the Company pursuant to Section 5, payable in accordance with the terms
of such arrangements;

	 	(C)	 	a severance benefit, in the amount equal to (a) the sum of (i)
three (3) times the Executive’s Base Salary plus (ii) an amount equal to the
average of the annual bonuses earned by the Executive under this Agreement
prior to the Date of Termination (if termination occurs in the first year, for
purposes of this Section, the bonus shall be calculated at $1,000,000.00),
multiplied by (b) the Severance Benefit Factor; provided that in no event shall
such severance benefit be less than $3,000,000.00.

The cash payments provided in (i)(A) and (C) above will be made by the Company within sixty
(60) days following the Date of Termination, the exact payment date to be determined by the
Company.

  (ii) if the Executive elects to continue participation in any group medical, dental, vision
and/or prescription drug plan benefits to which the Executive and/or the Executive’s eligible
dependents would be entitled under Section 4980B of the Code (COBRA), then the Company will pay
any applicable premium under COBRA for participation in such plans for a period of 18 months
beginning on the Date of Termination, subject to the condition that the Executive remains eligible
for participation in such plans;

(iii) any outstanding and unvested Original Shares and/or Annual Restricted Shares held by the
Executive will become fully vested on the Date of Termination; and

(iv) the Executive shall remain entitled to the Equity Interest pursuant to the restrictions
set forth in Section 5 above.

Notwithstanding any other provisions herein to the contrary, the Executive’s receipt of the
Separation Benefits shall be subject to and conditioned upon Executive’s compliance with the terms
and conditions of the Non-Compete Agreement and the Executive having executed, within 45 days after
the Date of Termination, the Release and such Release having not been revoked within such time
period.

SECTION 9

NON-COMPETE

Concurrently with the execution hereof, the Executive shall enter into a non-compete agreement
(“Non-Compete Agreement”) to be provided by the Company.

SECTION 10

MISCELLANEOUS

Notices

All notices, demands, requests or other communications required or permitted to be given or
made hereunder will be in writing and will be delivered by overnight courier, telecopied or mailed
by first class registered or certified mail, postage prepaid, addressed as follows:

  

(a)  If to the Company:

Grubb & Ellis Healthcare REIT, Inc.

The Promenade, Suite 440

16427 North Scottsdale Road

Scottsdale, AZ 85254

Fax: (480) 991-0755

Attention: CEO

With a copy to:

Cox, Castle & Nicholson LLP

2049 Century Park East, Suite 2800

Los Angeles, CA 90067

Fax: (310) 277-7889

Attention: John F. Nicholson, Esq.

(b) If to the Executive:

Scott D. Peters

9553 E. Via Montoya

Scottsdale, AZ 85255

at the address on the books and records of the Company at the time of such notice, or to such other
address as may be designated by either party in a notice to the other. Each notice, demand,
request or other communication that will be given or made in the manner described above will be
deemed sufficiently given or made for all purposes three days after it is deposited in the U.S.
mail, postage prepaid, or at such time as it is delivered to the addressee (with the return
receipt, the delivery receipt, the answer back or the affidavit of messenger being deemed
conclusive evidence of such delivery) or at such time as delivery is refused by the addressee upon
presentation.

Severability

The invalidity or unenforceability of any one or more provisions of this Agreement will not
affect the validity or enforceability of the other provisions of this Agreement, which will remain
in full force and effect.

Survival

It is the express intention and agreement of the parties hereto that the provisions of
Sections 8 and 9 will survive the termination of employment of the Executive. In
addition, all obligations of the Company to make payments hereunder will survive any termination of
this Agreement on the terms and conditions set forth herein.

Assignment

The rights and obligations of the parties to this Agreement will not be assignable or
delegable, except that (i) in the event of the Executive’s death, the personal representative or
legatees or distributees of the Executive’s estate, as the case may be, will have the right to
receive any amount owing and unpaid to the Executive hereunder, and (ii) the rights and obligations
of the Company hereunder will be assignable and delegable in connection with any merger,
consolidation or sale of all or substantially all of the assets of the Company and any similar
event with respect to any successor corporation. Notwithstanding anything herein to the contrary,
the rights and obligations of the Company hereunder will inure to the benefit of, and will be
binding upon, any successor to the Company or its business by merger or otherwise, whether or not
there is an express assignment, delegation or assumption of such rights and obligations.

Dispute Resolution

In the event that any dispute or disagreement arises between the parties in connection with
any provision of this Agreement, the parties shall first submit such disagreements to mediation.
Either party may commence mediation by providing to JAMS and the other party a written request for
mediation, setting forth the subject of the dispute and the relief requested. The parties will
cooperate with JAMS and with one another in selecting a mediator from JAMS panel of neutrals, and
in scheduling the mediation proceedings. The parties will share equally in the costs of mediation.
All offers, promises, conduct and statements, whether oral or written, made in the course of the
mediation by any of the parties, their agents, employees, experts and attorneys, and by the
mediator or any JAMS employees, are confidential, privileged and inadmissible for any purpose,
including impeachment, in any proceeding involving the parties, provided that evidence that is
otherwise admissible or discoverable shall not be rendered inadmissible or non-discoverable as a
result of its use in the mediation. Either party may commence a legal action with respect to the
matters submitted to mediation at any time following the initial mediation session or forty-five
(45) days after the date of filing the written request for mediation, whichever occurs first.

Binding Effect

Subject to any provisions hereof restricting assignment, this Agreement will be binding upon
the parties hereto and will inure to the benefit of the parties and their respective heirs,
devisees, executors, administrators, legal representatives, successors and assigns.

Amendment; Waiver

This Agreement will not be amended, altered or modified except by an instrument in writing
duly executed by the parties hereto. No waiver by either of the parties hereto of a breach of or a
default under any of the provisions of this Agreement will thereafter be construed as a waiver of
any subsequent breach or default of a similar nature. The failure of either of the parties, on one
or more occasions, to enforce any of the provisions of this Agreement or to exercise any right or
privilege hereunder will not be construed as a waiver of any such provisions, rights or privileges
hereunder, or a waiver of any subsequent breach or default of a similar nature.

Headings

Section and subsection headings contained in this Agreement are inserted for convenience of
reference only, will not be deemed to be a part of this Agreement for any purpose, and will not in
any way define or affect the meaning, construction or scope of any of the provisions hereof.  

Governing Law

This Agreement, the rights and obligations of the parties hereto, and any claims or disputes
relating thereto, will be governed by and construed in accordance with the laws of the State of
Arizona (but not including the choice of law rules thereof).

Entire Agreement

This Agreement constitutes the entire agreement between the parties respecting the employment
of the Executive, there being no representations, warranties or commitments between the parties
except as set forth herein.

Counterparts

This Agreement may be executed in two or more counterparts, each of which will be an original
and all of which will be deemed to constitute one and the same instrument.

Legal Expenses

The Company will pay or reimburse the Executive for reasonable attorneys’ fees incurred by the
Executive in connection with the negotiation of this Agreement. Any such reimbursement will be
made no later than March 15 of the calendar year following the year in which such expense was
incurred.

Provisions Regarding Code Section 409A

This Agreement shall be interpreted and administered in a manner so that any amount or benefit
payable hereunder shall be paid or provided in a manner that is either exempt from or compliant
with the requirements Section 409A of the Code and applicable Internal Revenue Service guidance and
Treasury Regulations issued thereunder (and any applicable transition relief under Section 409A of
the Code).

Notwithstanding anything in this Agreement to the contrary, to the extent that any amount or
benefit that would constitute non-exempt “deferred compensation” for purposes of Section 409A of
the Code would otherwise be payable or distributable hereunder by reason of the Executive’s
termination of employment, such amount or benefit will not be payable or distributable to the
Executive by reason of such circumstance unless (i) the circumstances giving rise to such
termination of employment meet any description or definition of “separation from service” in
Section 409A of the Code and applicable regulations (without giving effect to any elective
provisions that may be available under such definitions), or (ii) the payment or distribution of
such amount or benefit would be exempt from the application of Section 409A of the Code by reason
of the short-term deferral exemption or otherwise. If this provision prevents the payment or
distribution of any amount or benefit, such payment or distribution shall be made on the date, if
any, on which an event occurs that constitutes a Section 409A-compliant “separation from service,”
or such later date as may be required by the following paragraph.

If any amount or benefit that would constitute non-exempt “deferred compensation” for purposes
of Section 409A of the Code would otherwise be payable or distributable under this Agreement by
reason of the Executive’s separation from service during a period in which the Executive is a
“specified employee” (as defined in Section 409A of the Code and applicable regulations), then
payment or commencement of such non-exempt amounts or benefits shall be delayed until the earlier
of (i) thirty (30) days following the Executive’s death, or (ii) the first day of the seventh month
following the Executive’s separation from service.

Whenever in this Agreement the provision of payment or benefit is conditioned on the
Executive’s execution and non-revocation of a general release of claims, such release, must be
executed, and all revocation periods shall have expired, within 60 days after the Date of
Termination, but the Company may elect to commence payment at any time during such 60-day period.

If the Executive (or the Executive’s spouse or eligible dependents) is entitled to be paid or
reimbursed for any taxable expenses under this Agreement, including, but not limited to, those
expenses provided in Sections 5, 6 and 10, and such payments or reimbursements are
includible in the Executive’s federal gross taxable income, the amount of such expenses
reimbursable in any one calendar year shall not affect the amount reimbursable in any other
calendar year, and the reimbursement of an eligible expense must be made no later than December 31
of the year after the year in which the expense was incurred. No right of the Executive to
reimbursement of expenses under this Agreement, including, but not limited to, those provided in
Sections 5 and 6, shall be subject to liquidation or exchange for another benefit.

Definitions

“Affiliate” means any entity from time to time designated by the Board and any other entity
directly or indirectly controlling or controlled by or under common control with the Company. For
purposes of this definition: “control” means the power to direct the management and policies of
such entity, whether through the ownership of voting securities, by contract or otherwise; and the
terms “controlling” and “controlled” have meanings correlative to the foregoing.  

“Board” means the board of directors of the Company.

“Cause” means: (i) the Executive’s conviction of or entering into a plea of guilty or no
contest to a felony or a crime involving moral turpitude or the intentional commission of any other
act or omission involving dishonesty or fraud that is materially injurious to the Company or any of
its Affiliates; or (ii) the Executive’s substantial and repeated failure to perform duties of the
office(s) held by the Executive, as reasonably directed by the Board, if such failure is not cured
within thirty (30) days after the Executive receives written notice thereof.

“Code” means the Internal Revenue Code of 1986, as amended.

“Date of Termination” means: (i) if the Executive’s employment is terminated by the
Executive’s death, the date of the Executive’s death; (ii) if the Executive’s employment is
terminated because of the Executive’s Disability, thirty (30) days after Notice of Termination,
provided that the Executive will not have returned to the performance of the Executive’s duties on
a full-time basis during such thirty (30) day period; (iii) if the Executive’s employment is
terminated by the Company for Cause, the date specified in the Notice of Termination; (iv) if the
Executive’s employment is terminated during the Employment Period, either by the Company or the
Executive, for any other reason, the date specified in the Notice of Termination; or (v) if the
Executive’s employment is terminated by reason of expiration of the Employment Period by its
terms, the date on which the Employment Period expires by its terms.

“Good Reason” means, in the absence of a written consent of the Executive: (i) a material
diminution in the Executive’s authority, duties or responsibilities, as contemplated by
Section 3 of this Agreement (including removal from the position of Chief Executive Officer
and President); (ii) a material diminution in the Executive’s Base Salary; (iii) a material change
in the geographic location at which Executive must perform services, which for purposes of this
Agreement will mean the Company’s requiring the Executive to be based at any office or location
more than thirty-five (35) miles from that identified in Section 4 of this Agreement or
(iv) a material diminution in the authority, duties, or responsibilities of the supervisor to whom
the Executive is required to report, including a requirement that the Executive report to a
corporate officer or employee instead of reporting directly to the Board. Notwithstanding the
foregoing, (A) the Executive must notify the Company in writing of any event or condition described
in subsection (i), (ii), (iii) or (iv) hereof within ninety (90) days of the initial existence of
such event or condition, (B) the Company will have at least thirty (30) days after receipt of such
notice from the Executive to cure such initial event or condition, and (C) the Executive must
separate from service with the Company within ninety (90) days after the end of the cure period
described in (B) hereof.

“Severance Benefit Factor” shall mean: (a) in the event the Date of Termination occurs
during the Original Term, the greater of: (i) one, or (ii) the number of full calendar months from
the Date of Termination to the last day of the Original Term, divided by twelve (12); or (b) in the
event the Date of Termination occurs during a Renewal Term: one.

[Signatures on Following Page]

1

IN WITNESS WHEREOF, the undersigned have duly executed this Agreement, or have caused this
Agreement to be duly executed on their behalf, as of the day and year first hereinabove written.

COMPANY:

GRUBB & ELLIS HEALTHCARE REIT, INC.,

A Maryland corporation

By:

	 
	/s/ Gary T. Wescombe

	 

	Gary T. Wescombe

Chairman of Compensation Committee

EXECUTIVE:

	 
	/s/ Scott D. Peters

	 

	Name: Scott D. Peters

Date: July 1, 2009

2

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