Exhibit 10.44





 


Execution Version


 


EIGHTH AMENDMENT TO CREDIT
AGREEMENT


 


EIGHTH AMENDMENT TO
CREDIT AGREEMENT (this “Agreement”) dated as of August 24, 2015, among GLOBAL NET LEASE OPERATING PARTNERSHIP,
L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership (“Borrower”),
GLOBAL NET LEASE, INC. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation (“Parent”),
ARC GLOBAL HOLDCO, LLC, a Delaware limited liability company (“International Holdco”), the SUBSIDIARY GUARANTORS
party hereto (the “Subsidiary Guarantors”; Parent, International Holdco and each of the Subsidiary Guarantors,
individually, a “Guarantor Party” and, collectively, the “Guarantor Parties”), the ELECTING
LENDERS (defined below), the LENDERS (defined below) party hereto, and JPMORGAN CHASE BANK, N.A., as administrative agent for the
Lenders (together with its successors and assigns in such capacity, the “Administrative Agent”).


 


RECITALS:


 


A.           Borrower,
the Administrative Agent and certain lenders (together with their respective successors and assigns, the “Lenders”)
are parties to that certain Credit Agreement dated as of July 25, 2013, as amended by that certain First Amendment to Credit Agreement
dated as of November 22, 2013, that certain letter agreement regarding updated schedules dated as of November 22, 2013, that certain
letter agreement regarding updated schedules dated as of December 20, 2013, that certain letter agreement regarding updated schedules
dated as of January 15, 2014, that certain Omnibus Amendment to Loan Documents dated as of March 26, 2014, that certain letter
agreement regarding updated schedules dated as of April 17, 2014, that certain Third Amendment to Credit Agreement dated as of
June 24, 2014, that certain letter agreement regarding updated schedules dated as of June 24, 2014, that certain Fourth Amendment
to Credit Agreement dated as of July 29, 2014, that certain letter agreement regarding updated schedules dated as of July 30, 2014,
that certain letter agreement regarding updated schedules dated as of August 25, 2014, that certain Fifth Amendment to Credit Agreement
dated as of October 16, 2014, that certain letter agreement regarding updated schedules dated as of October 22, 2014, that certain
letter agreement regarding updated schedules dated as of December 12, 2014, that certain Sixth Amendment to Credit Agreement dated
as of December 16, 2014, that certain letter agreement regarding updated schedules dated as of January 16, 2015, that certain letter
agreement regarding updated schedules dated as of March 19, 2015, that certain letter agreement regarding updated schedules dated
as of April 10, 2015, and that certain Seventh Amendment to Credit Agreement dated as of June 1, 2015 (as so amended, the “Credit
Agreement”; and except as otherwise herein expressly provided, each initially capitalized term used herein has the meaning
assigned to such term in the Credit Agreement, as amended by this Agreement).


 


B.           Pursuant
to Section 2.21 of the Credit Agreement, Borrower has requested, among other things, an increase in the Commitments by $35,000,000,
and Sumitomo Mitsui Banking Corporation and Comerica Bank (each an “Electing Lender” and collectively, the
“Electing Lenders”) have agreed to provide such increase.


 


C.           The
parties hereto desire to amend the Credit Agreement as set forth herein.


 


NOW, THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:


 


Section 1.          Amendment
of Credit Agreement. Effective as of the Effective Date (defined below), the Credit Agreement is hereby amended as follows:


 


(a)          The
last sentence of the definition of “Commitment” set forth in Section 1.01 of the Credit Agreement is hereby deleted
in its entirety and replaced with the following:


 




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“As of August __, 2015, the aggregate amount
of the Lenders’ Commitments is $740,000,000.”


 


(b)          Subparagraph
(k) of the definition of “Eligible Property” set forth in Section 1.01 of the Credit Agreement is hereby deleted in
its entirety and replaced with the following:


 


“(k)          such
Real Property must be 100% occupied by a single tenant pursuant to a Net Lease or a GSA Lease with a remaining term of at least
5 years (at the time of initial qualification as a Borrowing Base Property) and, in the case of an International Real Property,
such tenant must be an Investment Grade Tenant.”


 


(c)          The
following definition of “GSA Lease” is hereby added to Section 1.01 of the Credit Agreement:


 


“GSA Lease”
means any lease under which the government of the United States of America (or any subdivision thereof) is the tenant.


 


(d)          Schedule
2.01 of the Credit Agreement is hereby deleted in its entirety and replaced with Schedule 2.01 attached hereto.


 


(e)          The
following is hereby added to the end of Section 2.05(f) of the Credit Agreement as new subsection (vii) thereof:


 


“(“vii)   the then aggregate Determined
Borrowing Base Value attributable to Domestic Real Properties that are leased pursuant to a GSA Lease shall not exceed ten percent
(10%) of the then aggregate Determined Borrowing Base Value of all Borrowing Base Properties.”


 


Section 2.          Commitment.
Each Electing Lender agrees that, effective as of the Effective Date, its Commitment shall be equal to the amount set forth on
Schedule 2.01 attached hereto.


 


Section 3.          Notes.
Notwithstanding anything to the contrary contained in the Credit Agreement, in connection with the increase in the Commitments
contemplated by this Agreement, any Electing Lender may elect to not receive a Note to evidence the Loans made by such Electing
Lender.


 


Section 4.          Effective
Date. The “Effective Date” shall be the date on which all of the following have been satisfied:


 


(a)          the
Administrative Agent shall have received signed counterparts of this Agreement from the Required Lenders (after giving effect to
the increase in the Commitments contemplated by this Agreement);


 


(b)          the
Administrative Agent shall have received the Electing Lenders’, Borrower’s, Parent’s, International Holdco’s
and the Subsidiary Guarantors’ signed counterparts of this Agreement;


 


(c)          each
Electing Lender shall have received a Note executed by Borrower in the principal amount equal to such Electing Lender’s Commitment
as set forth on Schedule 2.01 attached hereto (unless, as provided in Section 3, such Electing Lender shall elect
to not receive such Note); and


 


(d)          the
Administrative Agent shall have been paid all reasonable out-of-pocket expenses, including reasonable legal fees for the Administrative
Agent’s outside counsel, due to it pursuant to the transaction contemplated herein and all reasonable outstanding out-of-pocket
fees and expenses, if any, that have been invoiced to Borrower to date.


 


Section 5.          Waivers.


 


(a)          Borrower
has requested that it be permitted to include the Real Property set forth on Schedule 1 attached hereto in the calculations
of the Borrowing Base (the “Requested Addition”) notwithstanding that such Real Property is not leased pursuant
to a Net Lease (the “Net Lease Condition”). The Administrative Agent and the Lenders hereby waive the Net Lease
Condition in connection with the Requested Addition only, provided, however, the Real Property owned by ARC CSVBTMI001, LLC shall
be excluded from the calculations of the Borrowing Base if, at any time, ARC CSVBTMI001, LLC is responsible for association fees
or any similar assessment related to such Real Property in excess of $8,400.


 




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(b)          Borrower
has requested that it be permitted to include the Real Property owned by ARC TRLIVMI001, LLC, as described on Schedule 1
attached hereto, in the calculations of the Borrowing Base notwithstanding that such Real Property is not occupied by a single
tenant (the “Single Tenant Condition”). Solely with respect to such Real Property owned by ARC TRLIVMI001, LLC,
the Administrative Agent and the Lenders hereby waive the Single Tenant Condition in connection with such Real Property, provided,
however, the Real Property owned by ARC TRLIVMI001, LLC shall be excluded from the calculations of the Borrowing Base if, at any
time, less than 90% of such Real Property is occupied by a single tenant.


 


(c)          
This Section shall in no way constitute a waiver of (i) the Net Lease Condition or the Single Tenant Condition in connection with
any other request to include a Real Property in the calculations of the Borrowing Base or (ii) any other provision of the Credit
Agreement or any other Loan Document. Other than in respect of the waivers of the Net Lease Condition and the Single Tenant Condition
as set forth in this Section and the express terms of this Agreement, nothing contained in this Agreement is intended to create
or constitute a waiver, modification, relinquishment or forbearance by the Administrative Agent or any Lender of any of its rights
and remedies under the Loan Documents, including without limitation, any and all rights or remedies in connection with any defaults
that may now or hereafter exist under the Loan Documents, all of which rights and remedies are hereby expressly reserved.


 


Section 6.          Borrower’s
Representations. Borrower hereby represents and warrants to the Administrative Agent and the Lenders, as follows:


 


(a)          each
of the representations and warranties of Borrower contained or incorporated in the Credit Agreement, as amended by this Agreement,
or any of the other Loan Documents to which it is a party, are true and correct in all material respects on and as of the date
hereof (except if any such representation or warranty is expressly stated to have been made as of a specific date, then as of such
specific date);


 


(b)          as
of the date hereof and immediately after giving effect to this Agreement, no Default and no Event of Default has occurred and is
continuing;


 


(c)          Borrower
has all necessary limited partnership power and authority to execute, deliver and perform its obligations under this Agreement;
Borrower has been duly authorized by all necessary limited partnership action on its part; and this Agreement has been duly and
validly executed and delivered by Borrower and constitutes Borrower’s legal, valid and binding obligation, enforceable in
accordance with its terms, except as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization, moratorium
or similar laws of general applicability affecting the enforcement of creditors’ rights and (ii) the application of general
principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law); and


 


(d)          Borrower’s
execution and delivery of this Agreement (i) does not require any consent or approval of, registration or filing with, or any other
action by, any governmental authority, except for such as have been obtained or made and are in full force and effect, (ii) will
not violate any applicable law or regulation or the charter, by-laws or other organizational documents of Borrower or any order
of any governmental authority and (iii) will not violate or result in a default under any indenture, agreement or other instrument
binding upon Borrower or any of its assets.


 


Section 7.          Guarantor
Parties’ Representations. Each Guarantor Party hereby represents and warrants to the Administrative Agent and the Lenders,
as follows:


 


(a)          each
of the representations and warranties of such Guarantor Party contained or incorporated in the Guaranty or any of the other Loan
Documents to which it is a party, are true and correct in all material respects on and as of the date hereof (except if any such
representation or warranty is expressly stated to have been made as of a specific date, then as of such specific date);


 


(b)          as
of the date hereof and immediately after giving effect to this Agreement, such Guarantor Party is in compliance with its obligations
under the Guaranty and each of the other Loan Documents to which it is a party;


 




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(c)          such
Guarantor Party has all necessary corporate or limited liability company, as applicable, power and authority to execute, deliver
and perform its obligations under this Agreement; such Guarantor Party has been duly authorized by all necessary corporate or limited
liability company, as applicable, action on its part; and this Agreement has been duly and validly executed and delivered by such
Guarantor Party and constitutes such Guarantor Party’s legal, valid and binding obligation, enforceable in accordance with
its terms, except as such enforceability may be limited by (i) bankruptcy, insolvency, reorganization, moratorium or similar laws
of general applicability affecting the enforcement of creditors’ rights and (ii) the application of general principles of
equity (regardless of whether such enforceability is considered in a proceeding in equity or at law); and


 


(d)          such
Guarantor Party’s execution and delivery of this Agreement (i) does not require any consent or approval of, registration
or filing with, or any other action by, any governmental authority, except for such as have been obtained or made and are in full
force and effect, (ii) will not violate any applicable law or regulation or the charter, by-laws or other organizational documents
of such Guarantor Party or any order of any governmental authority and (iii) will not violate or result in a default under any
indenture, agreement or other instrument binding upon such Guarantor Party or any of its assets.


 


Section 8.          Ratification.


 


(a)          Borrower
hereby (i) reaffirms, ratifies, confirms, and acknowledges its obligations under the Credit Agreement (as amended hereby) and the
other Loan Documents to which it is a party and agrees to continue to be bound thereby and perform thereunder and (ii) agrees and
acknowledges that the Credit Agreement (as amended hereby) and the other Loan Documents and all of Borrower’s obligations
thereunder are and remain in full force and effect and, except as expressly provided herein, have not been affected, modified or
amended.


 


(b)          Each
Guarantor Party hereby (i) reaffirms, ratifies, confirms, and acknowledges its obligations under the Guaranty and the other Loan
Documents to which it is a party and agrees to continue to be bound thereby and perform thereunder and (ii) agrees and acknowledges
that the Guaranty and the other Loan Documents and all of its obligations thereunder are and remain in full force and effect and,
except as expressly provided herein, have not been affected, modified or amended.


 


Section 9.          Miscellaneous.


 


(a)          GOVERNING
LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.


 


(b)          Amendments,
Etc. The terms of this Agreement may be waived, modified and amended only by an instrument in writing duly executed by the
party hereto against whom enforcement of such waiver, modification or amendment is sought (provided that, subject to the terms
of the Credit Agreement, the Administrative Agent may execute any such waiver, modification or amendment on behalf of the Lenders).
Any such waiver, modification or amendment shall be binding upon Borrower, the Guarantors, the Electing Lenders, the Administrative
Agent and the Lenders.


 


(c)          Successors
and Assigns. This Agreement shall be binding upon and inure to the benefit of the respective successors and assigns of Borrower,
the Guarantors,, the Electing Lenders, the Administrative Agent and the Lenders.


 


(d)          Captions.
The captions and section headings appearing herein are included solely for convenience of reference and are not intended to affect
the interpretation of any provision of this Agreement.


 


(e)          Counterparts.
This Agreement may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument
and any of the parties hereto may execute this Agreement by signing any such counterpart. Delivery of an executed counterpart of
this Agreement by facsimile or email transmission shall be effective as manual delivery of an executed counterpart hereof.


 




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(f)          Severability.
Any provision hereof which is held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability
of the remaining provisions hereof, and the invalidity of a particular provision in a particular jurisdiction shall not invalidate
such provision in any other jurisdiction.


 


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


 


	 	BORROWER:
	 	 
	 	GLOBAL NET LEASE OPERATING PARTNERSHIP, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership
	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	PARENT:
	 	 
	 	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation
	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	INTERNATIONAL HOLDCO:
	 	 
	 	ARC GLOBAL HOLDCO, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	SUBSIDIARY GUARANTORS:
	 	 
	 	ARC KSFTWPA001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC PPHHTKY001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC CWARANE001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC CWGRDMI001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC CWRVTIL001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC CWSALKS001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC CWUVLOH001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC CWVININ001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC CWWPKMN001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC WWHWCMI001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC GEGRDMI001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC GSFRNTN001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC TFDPTIA001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC NOWILND001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC GSDVRDE001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC GSGTNPA001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC GSMSSTX001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC GSDALTX001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC GSIFLMN001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC NOPLNTX001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC NNMFBTN001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC DRINDIN001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC VALWDCO001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC LPSBDIN001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC GBLMESA001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC NSSNJCA001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC FEAMOTX001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC FECPEMA001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC FESANTX001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC SZPTNNJ001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC WNBRNMO001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC VCLIVMI001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC ATSNTTX001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC PNEREPA001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC PNSCRPA001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC CTFTMSC001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC TFKMZMI001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC SWWSVOH001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC MKMDNNJ001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC FD73SLB001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC GRRALNC001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC GRMSAAZ001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC GRLBKTX001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC GRLOUKY001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC WMWSLNC001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC SANPLFL001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC DG40PCK001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC FEWTRNY001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC FEBHMNY001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC FEWNAMN001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC FSMCHIL001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC SLSTCCA001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC AMWCHKS001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC FEBILMA001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC DINCNOH001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC WIODSTX001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC CJHSNTX002, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC FESALUT001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC MPSTLMO001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC KUSTHMI001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC FELEXKY001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC GECINOH001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC DNDUBOH001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC FELKCLA001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC FD34PCK001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC SPHRSNJ001 Urban Renewal Entity, LLC, a New Jersey limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ARC CJHSNTX001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


	 	ARC OGHDGMD001, LLC, a Delaware limited liability company
	 	 
	 	By:	Global Net Lease Operating Partnership, L.P. (formerly known as American Realty Capital Global Operating Partnership, L.P.), a Delaware limited partnership, its sole member
	 	 	 
	 	By:	Global Net Lease, Inc. (formerly known as American Realty Capital Global Trust, Inc.), a Maryland corporation, its general partner
	 	 	 
	 	By:	/s/ Jesse C. Galloway
	 	 	Name:	Jesse C. Galloway
	 	 	Title:	Authorized Signatory


 


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	 	ADMINISTRATIVE AGENT:
	 	 
	 	JPMORGAN CHASE BANK, N.A.
	 	 	 
	 	By:	/s/ Christian Lunt
	 	 	Name: Christian Lunt 
	 	 	Title:   Credit Banker


 


	 	LENDER:
	 	 
	 	JPMORGAN CHASE BANK, N.A.
	 	 	 
	 	By:	/s/ Christian Lunt
	 	 	Name: Christian Lunt 
	 	 	Title:   Credit Banker


 


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	 	LENDER:
	 	 
	 	REGIONS BANK
	 	 	 
	 	By:	/s/ Michael R Mellott
	 	 	Name: Michael R Mellott
	 	 	Title:   Director


 


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	 	LENDER:
	 	 
	 	RBS CITIZENS N.A.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:


 


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	 	LENDER:
	 	 
	 	SUMITOMO MITSUI BANKING CORPORATION
	 	 
	 	By:	/s/ William G. Karl
	 	 	Name: William G. Karl 
	 	 	Title:   Executive Officer


 


	 	ELECTING LENDER:
	 	 
	 	SUMITOMO MITSUI BANKING CORPORATION
	 	 
	 	By:	/s/ William G. Karl
	 	 	Name: William G. Karl 
	 	 	Title:   Executive Officer


 


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	 	LENDER:
	 	 
	 	CAPITAL ONE, NATIONAL ASSOCIATION
	 	 
	 	By:	/s/ Frederick H. Denecke
	 	 	Name: Frederick H. Denecke
	 	 	Title:   Senior Vice President


 


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	 	LENDER:
	 	 
	 	COMERICA BANK
	 	 
	 	By:	/s/ Charles Weddell
	 	 	Name: Charles Weddell
	 	 	Title:   Vice President
	 	 	 
	 	ELECTING LENDER:
	 	 
	 	COMERICA BANK
	 	 
	 	By:	/s/ Charles Weddell
	 	 	Name: Charles Weddell
	 	 	Title:   Vice President


 


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	 	LENDER:
	 	 
	 	BARCLAYS BANK PLC
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:


 


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	 	LENDER:
	 	 
	 	BANK OF AMERICA, N.A.
	 	 
	 	By:	/s/ Thomas W. Nowak
	 	 	Name: Thomas W. Nowak 
	 	 	Title:   Vice President


 


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	 	LENDER:
	 	 
	 	MIZUHO BANK, LTD.
	 	 
	 	By:	/s/ John Davies
	 	 	Name: John Davies
	 	 	Title:   Authorized Signatory


 


[end of signatures]


 




    	 	 	 



     


    

  


SCHEDULE 1


 


List of Real Property


 


	Property Address	 	Property Owners
	 	 	 
	
        6311 Schooner Drive

        Van Buren Township, Michigan
	 	ARC CSVBTMI001, LLC, a Delaware limited liability company
	 	 	 
	20255 Victor Parkway Livonia, Michigan	 	ARC TRLIVMI001, LLC, a Delaware limited liability company
	 	 	 
	2800 Earhart Court Hebron, Kentucky	 	ARC FEHBRKY001, LLC, , a Delaware limited liability company


 




    	 	 	 



     


    

  


SCHEDULE 2.01 – COMMITMENTS


 


	Lender	 	Commitment	 
	JPMorgan Chase Bank, N.A.	 	$	125,000,000	 
	Regions Bank	 	$	125,000,000	 
	RBS Citizens N.A.	 	$	125,000,000	 
	Mizuho Bank, Ltd.	 	$	100,000,000	 
	Sumitomo Mitsui Banking Corporation	 	$	75,000,000	 
	Capital One, National Association	 	$	50,000,000	 
	Barclays Bank PLC	 	$	50,000,000	 
	Bank of America, N.A.	 	$	50,000,000	 
	Comerica Bank	 	$	40,000,000	 
	Total Commitments	 	$	740,000,000