Document:

Exhibit

EXHIBIT 10.2

THIRD AMENDED AND RESTATED
ARAMARK 
2005 DEFERRED COMPENSATION PLAN

I.    PURPOSE
The Third Amended and Restated ARAMARK 2005 Deferred Compensation Plan (as amended from time to time and including any predecessor plan(s), the “Plan”) allows eligible executives of the Company and its subsidiaries and eligible directors of the Board to defer the payment of their Salary and/or Bonus until a specified date in the future.  This Plan is the successor plan to the Second Amended and Restated Aramark 2005 Deferred Compensation Plan, effective as of December 11, 2013, the Amended and Restated ARAMARK 2005 Deferred Compensation Plan, effective as of August 8, 2007, and the ARAMARK 2005 Deferred Compensation Plan, effective as of January 1, 2005.  The third amendment and restatement is not intended to affect any Participant’s rights or accruals under, or prior elections relating to, such Participant’s Deferral Account (as defined below), or such Participant’s continued participation in the Plan.  The effective date of the third amendment and restatement of the Plan is the Amendment Date.
		
	II.
	DEFINITIONS

“Amendment Date” means December 9, 2015.
“Board” means the Board of Directors of the Company.
“Bonus” means amounts that are not salary or wages that are earned by the Executive from the Company or a subsidiary in the form of an incentive or performance bonus.
“Code” means the Internal Revenue Code of 1986, as amended.
“Committee” means the Compensation and Human Resources Committee of the Board or a Sub-Committee (as defined below) as may be appointed as described below or the Board; provided, however, that the Compensation and Human Resources Committee may also delegate, at any time and from time to time, to any sub-committee of the Compensation and Human Resources Committee and the Board may also delegate, at any time and from time to time, to any other committee of the Board (in either case which shall consist of one or more members of the Compensation and Human Resources Committee or the Board, respectively, and may consist solely of the Chief Executive Officer of the Company so long as he or she is a member of the Compensation and Human Resources Committee or the Board, respectively (a “Sub-Committee”), subject to such guidelines as the Board or the Compensation and Human Resources Committee may establish from time to time, the authority to act on behalf of the Compensation and Human Resources Committee or the Board with respect to any matter, right, obligation or election that is the responsibility of or that is allocated to the Committee herein.
“Company” means Aramark (f/k/a ARAMARK Holdings Corporation), a Delaware corporation.

“Deferral Account” means the bookkeeping account pursuant to which the Company records amounts deferred by the Participant under the Plan.
“Director” means a non-employee director who is a member of the Board.
“Effective Date” means January 1, 2005.
“Executive” means an employee of the Company or any subsidiary who is a member of senior management and is identified as a key employee.
“Participant” means any Executive eligible to participate in the Plan and any Director.
“Plan” means this Third Amended and Restated ARAMARK 2005 Deferred Compensation Plan, as amended from time to time and including any predecessor plan(s).
“Plan Administrator” means the individual(s) appointed by the Committee for purposes of determining eligibility to make deferrals under the Plan and administering deferral elections under the Plan.
“Plan Year” means the fiscal year of the Company; provided that the period commencing on the Effective Date and ending on October 1, 2005 shall be the initial Plan Year.
“Salary” means (i) with respect to an Executive, such Executive’s base salary, wages and sales commissions (but excludes bonuses, overtime pay, or incentive pay) earned by the Executive from the Company or a subsidiary and (ii) with respect to a Director, such Director’s cash board retainer fees earned by such Director.
“Sub-Committee” has the meaning set forth above in the definition of Committee.
“Unforeseeable Emergency” means a severe financial hardship to the Participant resulting from an illness or accident of the Participant, the Participant’s spouse or a dependent (as defined in Section 152(a) of the Code) of the Participant, loss of the Participant’s property due to casualty or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant.  
		
	III.
	ELIGIBILITY

The Plan Administrator shall determine, in its sole discretion, the Executives eligible to participate in the Plan for purposes of deferring Salary and/or Bonuses.  All Directors shall be eligible to participate in the Plan for purposes of deferring Salary.  Notwithstanding the foregoing, each Participant who, immediately prior to the Effective Date, was a participating executive making deferrals under the ARAMARK 2001 Deferred Compensation Plan, shall be eligible to participate in this Plan on the Effective Date and to make deferrals of Salary and/or Bonus, as applicable, earned in respect of periods on and after the Effective Date.
		
	IV.
	DEFERRAL PROVISIONS

Salary and/or Bonuses may be deferred under this Plan pursuant to rules and procedures established from time to time by the Committee, provided that such rules and procedures meet the applicable requirements under Section 409A of the Code.  Such rules and procedures may establish, among other things: (1) deadlines for filing deferral elections under the Plan, (2) any applicable limits on 

the amount of Salary and Bonus that may be deferred under the Plan, (3) any applicable limits on the period or length of deferrals, (4) any conditions and limitations on changing or revoking deferral elections during a Plan Year, including applicable penalties, and (5) any conditions and limitations on withdrawals and distributions while the Participant’s deferral election remains in effect.  Notwithstanding the foregoing, with respect to Executives who first became eligible to participate in this Plan on the Effective Date as a result of the Executive’s participation in the ARAMARK 2001 Deferred Compensation Plan, such Executive’s elections under that ARAMARK 2001 Deferred Compensation Plan, as in effect immediately prior to the Effective Date, shall continue to apply under this Plan with respect to Salary and/or Bonuses, as applicable, earned in respect of periods on and after the Effective Date to the extent consistent with the rules and procedures under the Plan until changed by the Executive in accordance with the terms and conditions of this Plan.
		
	V. 
	EARNINGS ON DEFERRAL ACCOUNTS

Deferral Accounts shall be credited with earnings, losses, interest, or other forms of investment return pursuant to rules and procedures adopted by the Committee, in its sole discretion.  Deferrals shall be deemed to begin to accrue earnings as of the date they would otherwise have been paid to the Participant.
		
	VI.
	PAYMENT PROVISIONS

Payment of deferrals shall be made pursuant to rules and procedures established from time to time by the Committee.  
		
	VII.
	HARDSHIP WITHDRAWALS 

The Committee may establish rules and procedures permitting Participants to withdraw all or a portion of the amount then credited to the Participant’s Deferral Account solely due to the Unforeseeable Emergency, to the extent permitted under Section 409A(a)(2)(B)(ii) of the Code, if approved by the Committee in its sole discretion.  The amounts distributed due to an Unforeseeable Emergency cannot exceed the amounts necessary to satisfy such emergency plus amounts necessary to pay taxes reasonably anticipated as a result of the distribution, after taking into account the extent to which such emergency is or may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Participant’s assets (to the extent the liquidation of such assets would not itself cause severe financial hardship).  The Committee may delegate responsibility for administering and reviewing hardship withdrawal requests to one or more individuals.

		
	VIII.
	NO ASSIGNMENT OR ALIENATION OF BENEFITS

Except as hereinafter provided, amounts deferred under this Plan may not be voluntarily or involuntarily assigned, pledged, or alienated.  Unless required by law, no execution or attachment of any amount that becomes payable pursuant to any provision of this Plan shall be valid or recognized by the Company.
		
	IX.
	NO RIGHT TO COMPANY ASSETS

Amounts credited to the Participant’s Deferral Account will not be held by the Company in trust, escrow, or similar fiduciary capacity, and benefits paid under the Plan shall be paid from general funds of the Company.  Neither the Participant, a beneficiary, nor any legal representative will have 

any right against the Company with respect to any portion of the Deferral Account or any assets of the Company or any subsidiary, except as a general, unsecured creditor of the Company.
		
	X. 
	ADMINISTRATION

A.    The Committee shall administer the Plan and shall be the sole interpreter and arbiter of this Plan; provided, however, that the Committee may delegate to other persons such of its functions as it deems appropriate.  The Committee has the right to amend the Plan’s provisions at any time, provided that such amendments do not (1) decrease the balance of the Participant’s Deferral Account at the time of such amendment, or (2) retroactively decrease the applicable rate of interest, earnings or other investment return prior to the time of such amendment.  The individuals serving on the Committee shall be indemnified and held harmless by the Company from any and all liability, costs, and expenses, arising out of any action taken by any member with respect to the Plan to the maximum extent permitted by law.
B.    Deferral forms, payment elections and other forms utilized under the Plan shall be in the form approved by the Executive Vice President, Human Resources.
C.    The Board may at any time amend or terminate the Plan as to all or any group of Participants.  If the Plan is terminated, the affected Participant’s Deferral Account will be distributed over the period elected by the Participant.
		
	XI.
	MISCELLANEOUS

A.    The rights and obligations of the Company and its subsidiaries under this Plan shall be binding on their successors and assigns.
B.    This Plan shall not confer upon any person any right to be continued in the employment of the Company or any subsidiary.
C.    In the event any provision of the Plan is held invalid, void or unenforceable, the same shall not affect, in any respect, the validity of the other provisions of the Plan.
D.     The Company is authorized to withhold amounts necessary to satisfy any federal, state or local tax withholding requirements and social security or other employee tax requirements applicable with respect to the deferral or payment of amounts hereunder.
E.     This Plan is intended to comply with Section 409A of the Code and will be interpreted in a manner intended to comply with Section 409A of the Code.  In furtherance thereof, no payments may be accelerated under the Plan other than to the extent permitted under Section 409A of the Code.  To the extent that any provision of the Plan violates Section 409A of the Code such that amounts would be taxable to an Participant prior to payment or would otherwise subject an Participant to a penalty tax under Section 409A, such provision shall be automatically reformed or stricken to preserve the intent hereof.  Notwithstanding anything herein to the contrary, (i) if at the time of an Participant’s separation from service with the Company the Participant is a “specified employee” as defined in Section 409A of the Code (and any related regulations or other pronouncements thereunder) and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such separation from service is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the Company shall defer the commencement of the payment of any such payments or benefits hereunder (without any reduction in such payments or benefits ultimately paid or provided to the Participant) until the date 

that is six months following the Participant’s separation from service (or the earliest date as is permitted under Section 409A of the Code) and (ii) if any other payments due to an Participant hereunder could cause the application of an accelerated or additional tax under Section 409A of the Code, such payments or other benefits shall be deferred if deferral will make such payment compliant under Section 409A of the Code, or otherwise such payment shall be restructured, to the extent possible, in a manner, determined by the Committee, that does not cause such an accelerated or additional tax.  The Committee shall implement the provisions of this Section XI(E) in good faith; provided that neither the Company, the Committee, nor any of the Company’s or its subsidiaries’ employees or representatives shall have any liability to Participants with respect to this Section XI(E).
F.     The Plan is intended to be an unfunded plan maintained primarily to provide deferred compensation benefits for a select group of management or highly compensated employees within the meaning of Sections 201, 301 and 401 of ERISA and therefore to be exempt from Parts 2, 3 and 4 of Title I of ERISA.
G.     The Plan shall be governed and construed in accordance with the laws of the state of New York, without regard to conflicts of law provisions thereof, except to the extent pre-empted by ERISA.Exhibit

EXHIBIT 10.1

AMENDMENT NO. 4 TO ADVISORY AGREEMENT
    
THIS AMENDMENT NO. 4 TO ADVISORY AGREEMENT, dated as of February 9, 2016 is entered into among Griffin Capital Essential Asset REIT II, Inc., a Maryland corporation (the “Company”), GRIFFIN CAPITAL ESSENTIAL ASSET OPERATING PARTNERSHIP II, L.P., a Delaware limited partnership (the “Operating Partnership”) and Griffin Capital Essential Asset Advisor II, LLC, a Delaware limited liability company (the “Advisor”).

RECITALS

WHEREAS, the Company, the Operating Partnership and the Advisor are parties to an Advisory Agreement dated July 31, 2014, as amended by that certain Amendment No. 1 to Advisory Agreement dated March 18, 2015, Amendment No. 2 to Advisory Agreement dated November 2, 2015, and Amendment No. 3 to Advisory Agreement dated December 16, 2015 (collectively, the “Advisory Agreement”), pursuant to which the Advisor agreed to provide certain services to the Company and the Operating Partnership, and the Company agreed to provide certain compensation to the Advisor in exchange for such services; and

WHEREAS, the Company, the Operating Partnership and the Advisor desire to amend the Advisory Agreement in order to clarify expenses incurred by the Company and Advisor and fees paid to the Advisor. 

NOW THEREFORE, the Company, the Operating Partnership and the Advisor hereby modify and amend the Advisory Agreement as follows:

		
	1.
	Defined Terms. Capitalized terms used herein and not defined herein shall have the meanings set forth in the Advisory Agreement. 

		
	2.
	Amendment to Advisory Agreement. 

Section 9.1 is hereby removed and replaced with the following: 

9.1    Acquisition Fees. The Company will pay the Advisor, as compensation for the services described in Section 4.2, Acquisition Fees in an amount up to 3.85% of the Contract Purchase Price of each Property at the time and in respect of funds expended for the acquisition or development of a Property. The Acquisition Fees consist of a 2.0% base acquisition fee and up to an additional 1.85% contingent advisor payment (the “Contingent Advisor Payment”); provided, however, that the first Five Million Dollars ($5,000,000.00) of amounts paid by the Advisor for Dealer Manager fees and Organizational and Offering Expenses (“Contingent Advisor Payment Holdback”) will be retained by us until the later of (a) the termination of the Initial Public Offering, including any Follow-On Offerings, or (b) July 31, 2017, at which time such amount shall be paid to the Advisor. In connection with a Follow-On Offering, the Contingent Advisor Payment Holdback will be calculated as 0.25% of the sum of (i) the primary offering portion of such Follow-On Offering, plus (ii) the dollar amount sold in the Company’s prior offerings. The amount of the Contingent Advisor Payment paid upon the closing of an acquisition will be reviewed on an acquisition by acquisition basis and such payment shall not exceed the then outstanding amounts paid by the Advisor for Dealer Manager fees and Organizational and Offering Expenses at the time of such closing after taking into account the amount of the Contingent Advisor Payment Holdback. For these purposes, the amounts paid by the Advisor and considered “outstanding” will be reduced by the amount of the Contingent Advisor Payment previously paid. The Advisor may waive or defer all or a portion of the Acquisition Fee at any time and from time to time, in the Advisor’s sole discretion. The purchase price allocable for a Property held through a Joint Venture shall equal the product of (y) the Contract Purchase Price of the Property and (z) the direct or indirect ownership percentage in the Joint Venture held directly or indirectly by the Company or the Operating Partnership. For purposes of this Section 9.1, “ownership percentage” shall be the percentage of capital stock, membership interests, partnership interests or other equity interests held by the Company or the Operating Partnership, without regard to classification of such interests. The total of all Acquisition Fees and Acquisition Expenses shall be limited in accordance with the Charter. 

		
	3.
	Amendment. This Amendment may not be amended or modified except in writing signed by all parties. 

		
	4.
	Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of California. 

		
	5.
	Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an original, and all of which together shall constitute a single instrument. 

    
[Signatures appear on next page]

IN WITNESS WHEREOF, the parties have executed this Amendment No. 4 to Advisory Agreement to be effective for all purposes as of the date first above written.

	
		
	THE COMPANY:

	 
	 

	GRIFFIN CAPITAL ESSENTIAL ASSET REIT II, INC.

	 
	 

	By:
	/s/ Kevin A. Shields

	 
	Kevin A. Shields

	 
	Chief Executive Officer

	 
	 

	THE OPERATING PARTNERSHIP:

	 
	 

	GRIFFIN CAPITAL ESSENTIAL ASSET OPERATING PARTNERSHIP II, L.P.

	 
	 

	By:
	GRIFFIN CAPITAL ESSENTIAL ASSET REIT II, INC., ITS GENERAL PARTNER

	 
	 

	 
	 

	By:
	/s/ Kevin A. Shields

	 
	Kevin A. Shields

	 
	Chief Executive Officer

	 
	 

	THE ADVISOR:

	 
	 

	GRIFFIN CAPITAL ESSENTIAL ASSET ADVISOR II, LLC

	 
	 

	By:
	/s/ Kevin A. Shields

	 
	Kevin A. Shields

	 
	Chief Executive Officer

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