SEC Contract Filing

Filing Date: 2019-04-11

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>4
<FILENAME>d725703dex102.htm
<DESCRIPTION>EX-10.2
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<TITLE>EX-10.2</TITLE>
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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>THIRD AMENDED AND RESTATED ADVISORY AGREEMENT</U> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Third Amended and Restated Advisory Agreement (this &#147;<B>Agreement</B>&#148;) is entered into on this the 11th day of April, 2019,
and which shall be effective as the Merger (as defined below), by and among CARTER VALIDUS MISSION CRITICAL REIT II, INC., a Maryland corporation (the &#147;<B>Company</B>&#148;), CARTER VALIDUS OPERATING PARTNERSHIP II, LP, a Delaware limited
partnership (the &#147;<B>Partnership</B>&#148;), CARTER/VALIDUS OPERATING PARTNERSHIP, LP, a Delaware limited partnership (&#147;<B>OP I</B>&#148;) and CARTER VALIDUS ADVISORS II, LLC, a Delaware limited liability company (the
&#147;<B>Advisor</B>&#148;). </P> <P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>W I T N E S S E T H </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Company intends to qualify as a real estate investment trust and to invest its funds in investments permitted by the terms
of the Company&#146;s Articles of Incorporation and Sections 856 through 860 of the Internal Revenue Code; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Company
will be the owner of the general partner of OP I and is the general partner of the Partnership and intends to conduct all of its business and make all of its investments in Properties and other Assets through the Partnership and OP I; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Company, OP I and the Partnership desire to avail themselves of the experience, sources of information, advice, assistance
and certain facilities available to the Advisor and to have the Advisor undertake the duties and responsibilities hereinafter set forth, on behalf of, and subject to the supervision of, the Board of Directors (the &#147;<B>Board</B>&#148;) of the
Company, all as provided herein; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Advisor is willing to undertake to render such services, subject to the
supervision of the Board, on the terms and conditions hereinafter set forth. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW, THEREFORE</B>, in consideration of the foregoing and
of the mutual covenants and agreements contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>ARTICLE I <U> </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>DEFINITIONS</U> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The
following defined terms used in this Agreement shall have the meanings specified below: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Acquisition Expenses</U></B>. Any and all expenses incurred
by the Company, OP I, the Partnership, the Advisor, or any Affiliate of either in connection with the selection, evaluation, acquisition or development of any Asset, whether or not acquired, including, without limitation, legal fees and expenses,
travel and communications expenses, costs of appraisals, nonrefundable option payments on property not acquired, accounting fees and expenses, and title insurance premiums. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Acquisition Fees</U></B>. Any and all fees and commissions, exclusive of Acquisition Expenses but including the Acquisition and Advisory Fees, paid by
any Person to any other Person (including any fees or commissions paid by or to any Affiliate of the Company or the Advisor) in connection with making or investing in Mortgages or the purchase, development or construction of an Asset, including,
without limitation, Disposition Fees, selection fees, Development Fees, Construction Fees, <FONT STYLE="white-space:nowrap">non-recurring</FONT> management fees, loan fees, points or any other fees of a similar nature. Excluded shall be Development
Fees and Construction Fees paid to any Person not affiliated with the Sponsor in connection with the actual development and construction of any Property. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Acquisition and Advisory Fees</U></B>. The fees payable to the Advisor pursuant to Section&nbsp;3.01(b) of this Agreement. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B><U>Advisor</U></B>. Carter Validus Advisors II, LLC, a Delaware limited liability company, any successor advisor to the Company, OP I and the Partnership,
or any Person to which Carter Validus Advisors II, LLC, or any successor advisor subcontracts all or substantially all of its functions. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B