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Execution Copy DRI HEALTHCARE TRUST

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Execution Copy DRI HEALTHCARE TRUST Execution Copy DRI HEALTHCARE TRUST AMENDED AND RESTATED DECLARATION OF TRUST Amended and Restated as of February 19, 2021 LEGAL_1:66044370.1 Article 1 THE TRUST AND DEFINITIONS ................................................................................ 2 1.1 Definitions and Interpretation ............................................................................. 2 1.2 Tax Act .............................................................................................................. 7 1.3 Day Not a Business Day .................................................................................... 7 1.4 Time of Essence ................................................................................................ 7 Article 2 DECLARATION OF TRUST ........................................................................................ 7 2.1 Establishment of the Trust ................................................................................. 7 2.2 Initial Contribution .............................................................................................. 8 2.3 Name ................................................................................................................. 8 2.4 Use of Name ...................................................................................................... 8 2.5 Office ................................................................................................................. 8 2.6 Nature of the Trust ............................................................................................. 8 2.7 Rights of Unitholders .......................................................................................... 9 2.8 Operations and Assets of the Trust .................................................................... 9 Article 3 TRUSTEES AND OFFICERS ...................................................................................... 9 3.1 Number .............................................................................................................. 9 3.2 Term .................................................................................................................. 9 3.3 Qualifications of Trustees ..................................................................................10 3.4 Residency of Trustees ......................................................................................10 3.5 Election of Trustees ..........................................................................................10 3.6 Resignations, Removal, Incapacity and Death of Trustees ...............................10 3.7 Appointment of Trustees ...................................................................................11 3.8 Consent to Act ..................................................................................................12 3.9 Failure to Elect Minimum Number of Trustees ..................................................12 3.10 Ceasing to Hold Office ......................................................................................12 3.11 Vacancies by Trustees ......................................................................................13 3.12 Successor and Additional Trustees ...................................................................13 3.13 Compensation and Other Remuneration ...........................................................13 3.14 Validity of Acts ..................................................................................................14 Article 4 TRUSTEES’ POWERS AND DUTIES ........................................................................14 4.1 General Powers ................................................................................................14 4.2 Specific Powers and Authorities ........................................................................15 4.3 Further Powers of the Trustees .........................................................................18 4.4 Banking .............................................................................................................19 4.5 Standard of Care...............................................................................................19 4.6 Fees and Expenses ..........................................................................................19 4.7 Reliance Upon Trustees ....................................................................................19 4.8 Determinations of Trustees Binding ..................................................................20 4.9 Limitations on Liability of Trustees ....................................................................20 4.10 Reliance ............................................................................................................21 4.11 Conflict of Interest .............................................................................................21 4.12 Conditions Precedent ........................................................................................23 Article 5 OFFICERS OF THE TRUST ......................................................................................24 5.1 General .............................................................................................................24 LEGAL_1:66044370.1 TABLE OF CONTENTS (continued) Page 5.2 Chair of Trustees ..............................................................................................24 5.3 Lead Trustee .....................................................................................................24 5.4 Term of Office ...................................................................................................24 5.5 Independent Contractors ...................................................................................24 Article 6 CERTAIN TRUST AND REGULATORY MATTERS ...................................................25 6.1 Mutual Fund Trust Status ..................................................................................25 6.2 Certain Trust Matters ........................................................................................25 6.3 Tax Status.........................................................................................................25 6.4 SIFT Trust .........................................................................................................25 Article 7 Units ...........................................................................................................................26 7.1 Units .................................................................................................................26 7.2 Preferred Units ..................................................................................................26 7.3 Consideration for Units......................................................................................27 7.4 Re-Purchase of Initial Unit by Trust ...................................................................27 7.5 Pre-Emptive Rights ...........................................................................................27 7.6 Fractional Units .................................................................................................27 7.7 Allotment and Issue ..........................................................................................27 7.8 Rights, Warrants and Options ...........................................................................28 7.9 Commissions and Discounts .............................................................................28 7.10 Form of Issuance of Units or Preferred Units ....................................................28 7.11 Redemption of Units .........................................................................................29 7.12 Certificate Fee ..................................................................................................31 7.13 Form of Unit Certificate .....................................................................................32 7.14 Unit Certificates ................................................................................................32 7.15 Contents of Unit Certificates .............................................................................32 7.16 Register of Unitholders......................................................................................33 7.17 Successors in Interest to Unitholders ................................................................33 7.18 Units Held Jointly or in Fiduciary Capacity ........................................................34 7.19 Performance of Trusts ......................................................................................34 7.20 Lost Unit Certificates .........................................................................................34 7.21 Death of Unitholders .........................................................................................34 7.22 Unclaimed Payments ........................................................................................35 7.23 Repurchase of Units .........................................................................................35 7.24 Take-Over Bids .................................................................................................35 Article 8 OWNERSHIP OF UNITS ............................................................................................38 8.1 TSX and other Exchange Transactions .............................................................38 8.2 Enforcement .....................................................................................................38
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