Document:

Exhibit 10.2

 Exhibit 10.2 

FIFTH AMENDMENT TO REVOLVING CREDIT AGREEMENT 

This FIFTH AMENDMENT TO REVOLVING CREDIT AGREEMENT (this “Amendment”) is dated and effective as
of May 13, 2021 (the “Effective Date”), by and among TCW DIRECT LENDING VII LLC, a Delaware limited liability company (the “Borrower”), NATIXIS, NEW YORK BRANCH (in its
individual capacity, “Natixis”), as administrative agent (in such capacity, the “Administrative Agent”) for the Committed Lenders, Conduit Lenders and Funding Agents from time to time party to the
Credit Agreement (hereinafter defined) and each Lender. 
 A.           The Borrower, the
Administrative Agent, the Committed Lenders, the Conduit Lenders and the Funding Agents have entered into that certain Revolving Credit Agreement dated as of May 10, 2018 (as amended by that certain First Amendment to Revolving Credit Agreement
dated as of August 15, 2018, that certain Second Amendment to Revolving Credit Agreement dated as of November 5, 2018, that certain Third Amendment to Revolving Credit Agreement dated as of February 6, 2019, that certain Fourth
Amendment to Revolving Credit Agreement dated as of May 10, 2021, and as further amended, modified, supplemented, or restated from time to time, the “Credit Agreement”). 

B.           The Borrower, the Administrative Agent and each Lender have agreed, upon the
following terms and conditions, to amend the Credit Agreement as provided herein. 
 NOW, THEREFORE, in consideration
of the mutual promises herein contained, and for other valuable consideration, the parties hereto agree as follows: 

1.           DEFINED TERMS; REFERENCES. Unless otherwise specifically defined herein,
each term used herein that is defined in the Credit Agreement shall have the meaning assigned to such term in the Credit Agreement. 

2.           AMENDMENTS TO CREDIT AGREEMENT. On and as of the Effective Date, the
first paragraph of Section 2.16 of the Credit Agreement shall be amended and restated in its entirety to read as follows:  

2.16 Extension of Stated Maturity Date. So long as no (x) Event of Default or Default shall have occurred and be
continuing on the Stated Maturity Date and (y) the representations and warranties contained in Section 8 or in any other Loan Document shall be true and correct in all material respects on, and as
of, the Stated Maturity Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects as of such earlier date, and except that for
purposes of this Section 2.16, the representations and warranties contained in Section 8.06 shall be deemed to refer to the most recent financial
statements furnished pursuant to clauses (a) and (b), respectively, of Section 9.01, Borrower may extend the Stated Maturity Date to a Business Day that is not later
than 364 days after the then-effective Stated Maturity Date, no more than one time, upon (the date such conditions are satisfied, the “Facility Extension Effective Date”): (a) delivery of a Facility Extension Request to
Administrative Agent not less than fifteen (15) days prior to the Stated Maturity Date then in effect; and (b) payment to Administrative Agent for the benefit of the Lenders of a facility extension fee equal to twenty-five basis points on
the then-existing aggregate Commitments of the Lenders (i.e., 0.25% times the then-existing aggregate Commitments of the Lenders). Administrative Agent agrees to deliver written confirmation of any extension to the Borrower. 

 3.           EFFECTIVENESS. The
effectiveness of this Amendment is subject to Administrative Agent’s receipt of this Amendment, duly executed and delivered by the Borrower, Administrative Agent and each Lender. 

4.           REPRESENTATIONS AND WARRANTIES. The Borrower hereby represents and
warrants to the Administrative Agent and each Lender that: 
 4.1.     Representations and Warranties
in Credit Agreement. The representations and warranties contained in Section 8 of the Credit Agreement are true and correct in all material respects on and as of the date hereof, with the same force and effect as if
made on and as of the date hereof (except for any representations and warranties that expressly refer to another date, which shall be true and correct in all material respects as of such date); 

4.2.     No Event of Default. No Event of Default or Potential Default has occurred and is
continuing on the date hereof; 
 4.3.     Capital Commitments and Contributions. As of the date
of this Amendment, the aggregate amount of the Unfunded Commitments of all Investors is $385,084,337, the aggregate amount of the Eligible Included Unfunded Commitments of all Included Investors is $242,563,141 and the aggregate amount of the
Eligible Designated Unfunded Commitments of all Designated Investors is $48,680,861; 
 4.4.     Due
Authorization. The Borrower is duly authorized to execute, deliver and perform this Amendment, and the Credit Agreement, as amended by this Amendment, and each other Loan Document is the legal and binding obligation of the Borrower, enforceable
against the Borrower in accordance with the terms of such Loan Documents, subject to Debtor Relief Laws and equitable principles; and 

4.5.     No Amendments. There have been no amendments to the Constituent Documents of the Borrower
since the latest delivery or notice thereof by the Borrower to Administrative Agent. 

5.           TERMINATION OF EXISTING LENDER COMMITMENT. Upon payment in full of any
outstanding Obligations due and payable to China Merchants Bank Co. Ltd., New York Branch (the “Exiting Lender”), the Commitment of the Exiting Lender shall be terminated, and the rights of the Exiting Lender under the Credit
Agreement and other Loan Documents shall be terminated (except for those rights that expressly survive termination), and the Exiting Lender shall be released from its obligations under the Credit Agreement and any other Loan Document (except for
those obligations that expressly survive termination thereof). Administrative Agent hereby acknowledges that the Exiting Lender has received payment in full of the Obligations (other than any contingent indemnification obligations for which no claim
has been made) owing to the Exiting Lender under the Loan Documents. 
 6.          
MISCELLANEOUS. 
 6.1.     No Other Amendments. Except as expressly amended herein, the
terms of the Credit Agreement shall remain in full force and effect. 
 6.2.     Limitation on
Agreements. The amendments set forth herein are limited precisely as written and shall not be deemed: (a) to be a consent under or waiver of any other term or condition in the Credit Agreement or any of the other Loan Documents; or
(b) to prejudice any right or rights which Administrative Agent and Lenders now have or may have in the future under, or in connection with the Credit Agreement, as amended hereby, the Notes, the Loan

  
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Documents or any of the other documents referred to herein or therein. From and after the date of this Amendment, all references in the Loan Documents to the Credit Agreement shall be deemed to
be references to the Credit Agreement after giving effect to this Amendment, and each reference to “hereof,” “hereunder,” “herein” or “hereby” and each other similar reference and each reference to “this
Agreement” and each other similar reference contained in the Credit Agreement shall from and after the date hereof refer to the Credit Agreement as amended hereby. 

6.3.     Borrower Ratification. The Borrower hereby ratifies, confirms and agrees that, following
the effectiveness of this Amendment, the Credit Agreement, as amended, and the other Loan Documents shall remain in full force and effect. 

6.4.     Counterparts. This Amendment may be executed in two or more counterparts, each of which
shall constitute an original but all of which when taken together shall constitute but one contract. Delivery of an executed counterpart of a signature page to this Amendment by electronic mail shall be effective as delivery of a manually executed
counterpart of this Amendment. 
 6.5.     Electronic Signatures. This Amendment may be executed
using electronic signatures (including, without limitation, facsimile and .pdf) and shall be considered an original, and shall have the same legal effect, validity and enforceability as a manually executed signature, to the extent and as provided
for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.
This Amendment may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Amendment. For the avoidance of doubt, the authorization under this
paragraph may include, without limitation, use or acceptance by the parties hereto of a manually signed paper communication which has been converted into electronic form (such as scanned into .pdf format), or an electronically signed communication
converted into another format, for transmission, delivery and/or retention. 
 6.6.     GOVERNING
LAW. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CHOICE OF LAW PRINCIPLES THAT MIGHT OTHERWISE APPLY, AND THE APPLICABLE FEDERAL LAWS OF THE UNITED STATES OF
AMERICA. 
 REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK. 
 SIGNATURE PAGES FOLLOW. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to
be duly executed as of the day and year first above written. 
  

			
	BORROWER:
	
	TCW DIRECT LENDING VII LLC
		
	By:    	 	/s/ James G. Krause
		 	Name:     James G. Krause
		 	Title:      Chief Financial Officer, Treasurer and
		 	 Secretary

 Signature Page to 

Fifth Amendment to Revolving Credit Agreement 

 
			
	ADMINISTRATIVE AGENT:
	
	NATIXIS, NEW YORK BRANCH, as Administrative Agent
		
	By:    	 	/s/ Andrew Travers
		 	Name:       Andrew Travers
		 	Title:         Associate
		
	By:	 	/s/ Urs Fischer
		 	Name:       Urs Fischer
		 	Title:         Executive Director

 Signature Page to 

Fifth Amendment to Revolving Credit Agreement 

 
			
	LENDERS:
	
	 NATIXIS, NEW YORK BRANCH, as Swingline Lender, Letter of Credit Issuer and Funding Agent for the
Versailles Lender Group

		
	By:	 	 /s/ Nick Mitra

		 	Name:   Nick Mitra
		 	Title:     Managing Director
		
	By:	 	 /s/ Terrence Gregersen

		 	Name:   Terrence Gregersen
		 	Title:     Executive Director

 Signature Page to 

Fifth Amendment to Revolving Credit Agreement 

 
			
	LENDERS (continued):
	
	 VERSAILLES ASSETS LLC, as a Committed Lender and Conduit Lender for the Versailles Lender Group solely
with respect to Loans funded in currencies other than Euro and Sterling

		
	By:	 	Global Securitization Services, LLC, its Manager
		
	By:	 	 /s/ Bernard J Angelo

		 	Name:         Bernard J Angelo
		 	Title:           Vice President
		
	By:	 	 /s/ Damian A Perez

		 	Name:   Damian A Perez
		 	Title:     Vice President

 Signature Page to 

Fifth Amendment to Revolving Credit Agreement 

 
			
	LENDERS (continued):
	
	 VERSAILLES STERLING FUNDING LTD., as a Committed Lender and Conduit Lender for the Versailles Lender
Group solely with respect to Loans funded in Sterling

		
	By:	 	 /s/ Nadish Seebaluck

		 	Name:   Nadish Seebaluck
		 	Title:     Director
		
	By:	 	 /s/ Luana Guilfoyle

		 	Name:   Luana Guilfoyle
		 	Title:     Director

 Signature Page to 

Fifth Amendment to Revolving Credit Agreement 

 
			
	 LENDERS (continued):

	
	 VERSAILLES EURO FUNDING LTD., as a Committed Lender and Conduit Lender for the Versailles Lender Group
solely with respect to Loans funded in Euros

		
	 By:  
	 	 /s/ Nadish Seebaluck

		 	 Name: Nadish Seebaluck

		 	 Title: Director

  

			
		
	 By:  
	 	 /s/ Luana Guilfoyle

		 	 Name: Luana Guilfoyle

		 	 Title: Director

 Signature Page to 

Fifth Amendment to Revolving Credit Agreement 

 
			
	 LENDERS (continued):

	
	 PNC BANK, NATIONAL ASSOCIATION, as Funding Agent and Committed Lender for the PNC Lender
Group

		
	 By:  
	 	 /s/ Lawrence Beller

		 	 Name: Lawrence Beller

		 	 Title: Senior Vice President

 Signature Page to 

Fifth Amendment to Revolving Credit Agreement 

 
			
	 LENDERS (continued):

	
	 CITY NATIONAL BANK, as Funding Agent and Committed Lender for the CNB Lender Group

		
	 By:  
	 	 /s/ Andrew Miller

		 	 Name: Andrew Miller

		 	 Title: Vice President

 Signature Page to 

Fifth Amendment to Revolving Credit Agreement 

 
			
	 LENDERS (continued):

	
	 BANCO SANTANDER S.A., NEW YORK BRANCH, as Funding Agent and Committed Lender for the Santander
Lender Group

		
	By:  	 	/s/ Gerard Barrett
		 	Name: Gerard Barrett
		 	Title:   Executive Director
		
	By:	 	/s/ Daniel S Kostman
		 	Name: Daniel S Kostman
		 	Title:   ED

 Signature Page to 

Fifth Amendment to Revolving Credit Agreement 

 
			
	 LENDERS (continued):

	
	 ING CAPITAL LLC, as Funding Agent and Committed Lender for the ING Lender Group

		
	By:	 	/s/ Patrick Frisch
		 	Name: Patrick Frisch
		 	Title: Managing Director
		
	By:	 	/s/ Grace Fu
		 	Name: Grace Fu
		 	Title: Director

 Signature Page to 

Fifth Amendment to Revolving Credit AgreementDocument

Exhibit 10.1

NORTHSTAR HEALTHCARE INCOME, INC.

FOURTH AMENDED AND RESTATED
INDEPENDENT DIRECTORS COMPENSATION PLAN

ARTICLE 1
PURPOSE

1.1. PURPOSE. The purpose of the Plan is to attract, retain and compensate highly-qualified individuals who are not employees of NorthStar Healthcare Income, Inc. or any of its subsidiaries or affiliates for service as members of the Board by providing them with competitive compensation and an ownership interest in the Stock of the Company. The Company intends that the Plan will benefit the Company and its stockholders by allowing Independent Directors to have a personal financial stake in the Company through an ownership interest in the Stock and will closely associate the interests of Independent Directors with that of the Company’s stockholders.

1.2. ELIGIBILITY. Independent Directors of the Company who are Eligible Participants, as defined below, shall automatically be participants in the Plan.

ARTICLE 2
DEFINITIONS

2.1. DEFINITIONS. Capitalized terms used herein and not otherwise defined shall have the meanings given such terms in the Incentive Plan. Unless the context clearly indicates otherwise, the following terms shall have the following meanings:

“Base Annual Retainer” means the annual retainer payable by the Company to an Independent Director pursuant to Section 5.1 hereof for service as a director of the Company (i.e., excluding any Supplemental Annual Retainer), as such amount may be changed from time to time.

“Eligible Participant” means any person who is or becomes an Independent Director while this Plan is in effect; except that during any period a director is prohibited from participating in the Plan by his or her employer or otherwise waives participation in the Plan, such director shall not be an Eligible Participant.

“Incentive Plan” means the NorthStar Healthcare Income, Inc. Amended and Restated Long Term Incentive Plan, or any subsequent equity compensation plan approved by the Board and designated as the Incentive Plan for purposes of this Plan.

“Plan” means this NorthStar Healthcare Income, Inc. Fourth Amended and Restated Independent Directors Compensation Plan, as amended from time to time.

“Plan Year(s)” means the approximate twelve-month period beginning with the annual stockholders meeting and ending at the next annual stockholders meeting.

“Share Value,” on any date, means (i) if the Company is engaged in any “best efforts” public offering of the Stock prior to the date the Stock is listed on a national securities exchange or quoted on an interdealer quotation system, the offering price of the Stock; (ii) if following the termination of any such “best efforts” public offering but prior to the date the Stock is listed on a national securities exchange or quoted on an interdealer quotation system, the most recent estimated per share value of the Stock disclosed by the Company or if no estimated per share value of the Stock has been disclosed, the most recent offering price of the Stock; (iii) if the Stock is listed on a national securities exchange, the closing sales price on such exchange or over such system on such date or, in the absence of reported sales on such date, the closing sales price on the immediately preceding date on which sales were reported, or (iv) if the Stock is quoted on an interdealer quotation system but not listed on a national securities exchange, the mean between the bid and offered prices as quoted by the applicable interdealer quotation system for such date; provided that if it is determined that the fair market value is not properly reflected by such quotations, Share Value will be determined by such other method as the Board determines in good faith to be reasonable and in compliance with Code Section 409A.

“Supplemental Annual Retainer” means the annual retainer payable by the Company to an Independent Director pursuant to Section 5.2 hereof for service as a member or the chairperson, as applicable, of the Audit Committee of the Board, as such amount may be changed from time to time.

ARTICLE 3
ADMINISTRATION

3.1. ADMINISTRATION. The Plan shall be administered by the Board. Subject to the provisions of the Plan, the Board shall be authorized to interpret the Plan, to establish, amend and rescind any rules and regulations relating to the Plan, and to make all other determinations necessary or advisable for the administration of the Plan. The Board’s interpretation of the Plan, and all actions taken and determinations made by the Board pursuant to the powers vested in it hereunder, shall be conclusive and binding upon all parties concerned, including the Company, its stockholders and persons granted awards under the Plan. The Board may appoint a plan administrator to carry out the ministerial functions of the Plan, but the administrator shall have no other authority or powers of the Board.

3.2. RELIANCE. In administering the Plan, the Board may rely upon any information furnished by the Company, its public accountants and other experts. No individual will have personal liability by reason of anything done or omitted to be done by the Company or the Board in connection with the Plan. This limitation of liability shall not be exclusive of any other limitation of liability to which any such person may be entitled under the Company’s certificate of incorporation or otherwise.

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ARTICLE 4
SHARES

4.1. SOURCE OF SHARES FOR THE PLAN. The shares of Stock that may be issued pursuant to the Plan shall be issued under the Incentive Plan, subject to all of the terms and conditions of the Incentive Plan. The terms contained in the Incentive Plan are incorporated into and made a part of this Plan with respect to shares of Stock, Restricted Stock Units and any other equity granted pursuant hereto and any such grant shall be governed by and construed in accordance with the Incentive Plan. In the event of any actual or alleged conflict between the provisions of the Incentive Plan and the provisions of this Plan, the provisions of the Incentive Plan shall be controlling and determinative. This Plan does not constitute a separate source of shares for the grant of Restricted Stock Units or shares of Stock described herein.

ARTICLE 5
RETAINERS AND EXPENSES

5.1. BASE ANNUAL RETAINER. Each Eligible Participant shall be paid a Base Annual Retainer for service as a director during each Plan Year, payable in such form as shall be elected by the Eligible Participant in accordance with Section 6.1. The amount of the Base Annual Retainer shall be established from time to time by the Board. Until changed by the Board, the Base Annual Retainer for a full Plan Year shall be $115,000. The Base Annual Retainer shall be payable in approximately equal quarterly installments in arrears. Each person who first becomes an Eligible Participant on a date other than an annual meeting date shall be paid a retainer equal to the quarterly installment of the Base Annual Retainer for the first quarter of eligibility, based on the number of full months he or she serves as an Independent Director during such quarter. In no event shall any installment of the Base Annual Retainer be paid later than March 15 of the year following the year to which such installment relates.

5.2. AUDIT COMMITTEE SUPPLEMENTAL ANNUAL RETAINER. Each member of the Audit Committee of the Board shall be paid a Supplemental Annual Retainer for his or her service as a member or the chairperson, as applicable, of the Audit Committee of the Board during a Plan Year, payable at the same times as installments of the Base Annual Retainer are paid and in such form as shall be elected by such member or the chairperson, as applicable, in accordance with Section 6.1. The amount of the Supplemental Annual Retainer for each member and the chairperson of the Audit Committee shall be established from time to time by the Board. Until changed by the Board, the Supplemental Annual Retainer for a full Plan Year for each member of the Audit Committee that is not the chairperson shall be $15,000 and for the chairperson of the Audit Committee shall be $30,000. A pro rata Supplemental Annual Retainer will be paid to any Eligible Participant who becomes a member or the chairperson, as applicable, of the Audit Committee of the Board on a date other than the beginning of a Plan Year, based on the number of full months he or she serves as a member or the chairperson, as applicable, of the Audit Committee of the Board during the Plan Year. In no event shall any installment of the Supplemental Annual Retainer be paid later than March 15 following the year to which such installment relates.

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5.3. TRAVEL EXPENSE REIMBURSEMENT. All Eligible Participants shall be reimbursed for reasonable travel expenses in connection with attendance at meetings of the Board and its committees, or other Company functions at which the Chief Executive Officer or Chair of the Board requests the Independent Director to participate. Notwithstanding the foregoing, the Company’s reimbursement obligations pursuant to this Section 5.3 shall be limited to expenses incurred during such director’s service as an Independent Director. Such payments will be made within 30 days after delivery of the Independent Director’s written requests for payment, accompanied by such evidence of expenses incurred as the Company may reasonably require, but in no event later than the last day of the Independent Director’s tax year following the tax year in which the expense was incurred. The amount reimbursable in any one tax year shall not affect the amount reimbursable in any other tax year. Independent Directors’ right to reimbursement pursuant to this Section 5.3 shall not be subject to liquidation or exchange for another benefit.

ARTICLE 6
ALTERNATIVE FORM OF PAYMENT FOR BASE ANNUAL RETAINER AND 
SUPPLEMENTAL ANNUAL RETAINER

6.1. PAYMENT OF BASE ANNUAL RETAINER AND SUPPLEMENTAL ANNUAL RETAINER. At the election of each Eligible Participant, in accordance with Section 6.2, the Base Annual Retainer or the Supplemental Annual Retainer for a given Plan Year shall be either: (i) payable in cash in approximately equal quarterly installments in arrears, with the first quarter of the Plan Year beginning on the date of the annual stockholders meeting; or (ii) subject to share availability under the Incentive Plan, payable by a grant on the day an installment of the Base Annual Retainer or Supplemental Annual Retainer is normally paid (the “Stock Grant Date”) of that number of shares of Stock (rounded up to the nearest whole share) determined by dividing the Base Annual Retainer or Supplemental Annual Retainer installment otherwise payable by the Share Value as of the Stock Grant Date. Any shares of Stock granted under the Plan as the Base Annual Retainer or Supplemental Annual Retainer under clause (ii) above will be 100% vested and nonforfeitable as of the Stock Grant Date, and the Eligible Participant receiving such shares of Stock (or his or her custodian, if any) will have immediate rights of ownership in the shares of Stock, including the right to vote the shares of Stock and the right to receive dividends or other distributions thereon.

6.2. TIMING AND MANNER OF PAYMENT ELECTION. Each Eligible Participant shall elect the form of payment desired for his or her Base Annual Retainer and Supplemental Annual Retainer (if applicable) for a Plan Year by delivering a valid election form in such form as the Board or the plan administrator shall prescribe (the “Election Form”) to the Board or the plan administrator prior to the beginning of such Plan Year, which will be effective as of the first day of the Plan Year beginning after the Board or the plan administrator receives the Eligible Participant’s Election Form. The Election Form signed by the Eligible Participant prior to the Plan Year will be irrevocable for the coming Plan Year. However, prior to the commencement of the following Plan Year, an Eligible Participant may change his or her election for future Plan Years by executing and delivering a new Election Form indicating different choices. If an Eligible Participant fails to deliver a new Election Form prior to the commencement of the new Plan Year, his or her Election Form in effect during the previous Plan Year shall continue in 
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effect during the new Plan Year. If no Election Form is filed or effective, or if there are insufficient shares of Stock in the Incentive Plan, the Base Annual Retainer and Supplemental Annual Retainer (if applicable) will be paid in cash.

ARTICLE 7
EQUITY COMPENSATION

7.1. INITIAL RESTRICTED STOCK UNIT GRANT.  Subject to share availability under the Incentive Plan and the terms of this Section 7.1, on the first date that an Independent Director is initially elected or appointed to the Board, he or she shall receive an award of Restricted Stock  Units (the “Initial Stock Grant”) in an amount established from time to time by the Board. Until changed by the Board, the Initial Stock Grant shall have a value of $65,000, with the number of Restricted Stock Units granted determined by dividing the amount of the Initial Stock Grant by the Share Value as of the grant date.  Such Restricted Stock Units shall be subject to the terms and restrictions described below in Section 7.3 and shall be in addition to any otherwise applicable annual grant of Restricted Stock Units granted to such Independent Director under Section 7.2.

7.2. SUBSEQUENT RESTRICTED STOCK UNIT GRANT. Subject to share availability under the Incentive Plan and the terms of this Section 7.2, on the date following an Independent Director’s subsequent re-election to the Board, such director shall receive a subsequent grant of Restricted Stock Units (the “Subsequent Stock Grant”) in an amount established from time to time by the Board. Until changed by the Board, the Subsequent Stock Grant shall have a value of $65,000, with the number of Restricted Stock Units granted determined by dividing the amount of the Subsequent Stock Grant by the Share Value as of the grant date. Such Restricted Stock Units shall be subject to the terms and restrictions described below in Section 7.3. Notwithstanding anything herein to the contrary, no Restricted Stock Units shall be granted pursuant to this Section 7.2 on a given date if, as a result of such grant, the total number of Shares subject to outstanding Awards (as defined in the Incentive Plan) granted under the Incentive Plan as of such date would exceed five percent (5%) of the number of Shares outstanding as of such date. In such event, the grant of such Restricted Stock Units shall be delayed until such time as the grant would not violate the provisions of this Section 7.2 (the “Delayed Grant Date”). The grant of the delayed Restricted Stock Units shall be subject to the approval of the Board and shall be limited to Independent Directors who (a) otherwise would have received a grant on the original date under this Section 7.2, and (b) remain Independent Directors as of the Delayed Grant Date. For all purposes, the grant date of the delayed Restricted Stock Units shall be the Delayed Grant Date and not the original date provided in this Section 7.2.

7.3. TERMS AND CONDITIONS OF RESTRICTED STOCK UNITS. Restricted Stock Units shall be evidenced by a written Award Certificate, and shall be subject to such terms and conditions (including vesting conditions) as determined by the Board, and shall be granted under and pursuant to the terms of the Incentive Plan. Unless and until provided otherwise by the Board, the Restricted Stock Units granted pursuant to Section 7.1 and Section 7.2 herein shall vest and become non-forfeitable over two (2) years in equal quarterly installments beginning on the first day of the first quarter following the Restricted Stock Unit grant date. Notwithstanding 
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the foregoing vesting schedule, the Restricted Stock Units shall become fully vested on the earlier occurrence of: (i) the termination of the Independent Director’s service as a director of the Company due to his or her death or Disability; or (ii) a Change in Control of the Company. If the Independent Director’s service as a director of the Company terminates other than as described in clause (i) of the foregoing sentence, then the Independent Director shall forfeit all of his or her right, title and interest in and to any unvested Restricted Stock Units as of the date of such termination from the Board and such Restricted Stock Units shall be reconveyed to the Company without further consideration or any act or action by the Independent Director.  Unless and until provided otherwise by the Board, the Shares underlying vested Restricted Stock Units shall be delivered to the Independent Director on the earlier to occur of (i) a Change in Control, or (ii) the date that the Independent Director’s service as a director of the Company terminates, provided that the Change in Control or termination of service as a director of the Company, as the case may be, meets any description or definition of “change in control event” or “separation from service”, as the case may be, in Section 409A of the Code and applicable regulations (without giving effect to any elective provisions that may be available under such definition). 

ARTICLE 8
AMENDMENT, MODIFICATION AND TERMINATION

8.1. AMENDMENT, MODIFICATION AND TERMINATION. The Board may, at any time and from time to time, amend, modify or terminate the Plan without stockholder approval; provided, however, that if an amendment to the Plan would, in the reasonable opinion of the Board, require stockholder approval under applicable laws, policies or regulations or the applicable listing or other requirements of a securities exchange on which the Stock is listed or traded, then such amendment shall be subject to stockholder approval; and provided, further, that the Board may condition any other amendment or modification on the approval of stockholders of the Company for any reason.

ARTICLE 9
GENERAL PROVISIONS

9.1. ADJUSTMENTS. The adjustment provisions of the Incentive Plan shall apply with respect to Restricted Stock Units or other equity awards outstanding or to be granted pursuant to this Plan.

9.2. DURATION OF THE PLAN. The Plan shall remain in effect until terminated by the Board.

9.3. EXPENSES OF THE PLAN. The expenses of administering the Plan shall be borne by the Company.

9.4. EFFECTIVE DATE. The Plan was originally adopted by the Board on June 22, 2011, effective as of that date.  The Plan was amended and restated by the Board on February 4, 2013, effective as of such date, on March 3, 2015, effective as of January 1, 2015, on March 15, 2017, effective as of January 1, 2017, on April 9, 2019, effective as of January 1, 2019 and on April 13, 2021, effect as of January 1, 2021.
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The foregoing is hereby acknowledged as being the NorthStar Healthcare Income, Inc. Fourth Amended and Restated Independent Directors Compensation Plan as adopted by the Board.

												
		NORTHSTAR HEALTHCARE INCOME, INC.
			
			
		By:
	/s/ Ann B. Harrington
			Name:	Ann B. Harrington
			Title:	General Counsel and Secretary

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