0000898430-02-003326 Sample Contracts

ACKNOWLEDGMENT AND CONSENT
Acknowledgment and Consent • August 30th, 2002 • Health Care Property Investors Inc • Real estate investment trusts • New York

THIS ACKNOWLEDGMENT AND CONSENT (this “Agreement”) dated as of June 12, 2002 is by and among Merrill Lynch Private Finance Inc., a Delaware corporation (“Lender”), The Boyer Company, L.C., a Utah limited liability company (“Borrower”), HCPI/Utah II, LLC, a Delaware limited liability company (the “Down REIT Sub”), each of the entities that is affiliated with Borrower and that is a signatory hereto under the designation “Pledgor” (individually and collectively, as the context requires, “Pledgor”), and Health Care Property Investors, Inc., a Maryland corporation (“HCPI”).

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ACKNOWLEDGMENT AND CONSENT
Acknowledgment and Consent • August 30th, 2002 • Health Care Property Investors Inc • Real estate investment trusts • New York

THIS ACKNOWLEDGMENT AND CONSENT (this “Agreement”) dated as of June 12, 2002 is by and among Merrill Lynch Private Finance Inc., a Delaware corporation (“Lender”), The Boyer Company, L.C., a Utah limited liability company (“Borrower”), HCPI/Utah, LLC, a Delaware limited liability company (the “Down REIT Sub”), each of the entities that is affiliated with Borrower and that is a signatory hereto under the designation “Pledgor” (individually and collectively, as the context requires, “Pledgor”), and Health Care Property Investors, Inc., a Maryland corporation (“HCPI”).

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