Document:

tagg_ex102.htm

EXHIBIT 10.2

 

THE SECURITIES REPRESENTED BY THIS INSTRUMENT HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISPOSITION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL REASONABLY ACCEPTABLE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.

TAGLIKEME CORP. 

CONVERTIBLE PROMISSORY NOTE

 

	
$225,000.00

	March 31, 2014 
London, England 

WHEREAS Richard Elliott-Square as the President/Chief Executive Officer and sole member of the Board of Directors (the "Holder") provided consulting and executive services to TagLikeMe Corp., a Nevada corporation (the "Company") during the past three fiscal years ended December 31, 2013, 2012 and 2011 (the "Executive Services"); 

WHEREAS based on the Executive Services, the Company owes the Holder the aggregate amount of $225,000.00 (the "Debt");

WHEREAS the Company and Holder have agreed that the Debt owed to the Holder shall be evidenced in a convertible note, which convertible note would be convertible into shares of common stock of the Company at the rate of 20% discount to the average trading price of the Company's shares of common stock on the OTC Markets for the five days preceding the date of conversion; 

NOW THEREFORE THIS AGREEMENT WITNESSES that for and in consideration of the mutual premises and the mutual covenants and agreements contained herein, the parties covenant and agree each with the other as follows:

1. Principal.

1.1 The Company, for value received, hereby promises to pay to the order of the Holder the sum of Two Hundred Twenty Five Thousand Dollars ($225,000.00), which amount represents the Debt due and owing to the Holder 12. 

1.2 This Convertible Promissory Note (the "Note") shall not bear interest. This Note shall be payable upon demand ("Demand Date"). Commencing on the Demand Date, all principal shall be payable by the Company upon demand made by the Holder. 

1.3 Upon payment in full of the principal, this Note shall be surrendered to the Company for cancellation.

 

  

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1.4 The principal under this Note shall be payable at the principal office of the Company and shall be forwarded to the address of the Holder hereof as such Holder shall from time to time designate.

2. Attorney's Fees. If the indebtedness represented by this Note or any part thereof is collected in bankruptcy, receivership or other judicial proceedings or if this Note is placed in the hands of attorneys for collection after default, the Company agrees to pay, in addition to the principal payable hereunder, reasonable attorneys' fees and costs incurred by the Holder.

3. Conversion.

3.1 Voluntary Conversion. The Holder shall have the right, exercisable in whole or in part, to convert the outstanding principal into a number of fully paid and nonassessable whole shares of the Company's $0.001 par value common stock ("Common Stock") determined in accordance with Section 3.2 below.

3.2 Shares Issuable. The number of whole shares of Common Stock into which this Note may be voluntarily converted ("Conversion Shares") shall be determined by dividing the aggregate principal amount by that price equal to a 20% discount of the average trading price of the Company's shares on the OTC Markets for the five days preceding the date of conversion (the “Note Conversion Price”). 

3.3 Notice and Conversion Procedures. After receipt of demand for repayment, the Company agrees to give the Holder notice at least five (5) business days prior to the time that the Company repays this Note. If the Holder elects to convert this Note, the Holder shall provide the Company with a written notice of conversion setting forth the amount to be converted. The notice must be delivered to the Company together with this Note. Within twenty (20) business days of receipt of such notice, the Company shall deliver to the Holder certificate(s) for the Common Stock issuable upon such conversion and, if the entire principal amount was not so converted, a new note representing such balance. 

3.4 Other Conversion Provisions. 

(a) Adjustment of Note Conversion Price. In the event the Company shall in any manner, subsequent to the issuance of this Note, approve a reclassification involving a reverse stock split and subdivision of the Company’s issued and outstanding shares of Common Stock, the Note Conversion Price shall forthwith be adjusted by proportionately increasing the Note Conversion Price on the date that such subdivision shall become effective. In the event the Company shall in any manner, subsequent to the issuance of this Note, approve a reclassification involving a forward stock split and subdivision of the Company’s issued and outstanding shares of Common Stock, the Note Conversion Price shall forthwith be adjusted by proportionately decreasing the Note Conversion Price on the date that such subdivision shall become effective.

  

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(b) Common Stock Defined. Whenever reference is made in this Note to the shares of Common Stock, the term "Common Stock” shall mean the Common Stock of the Company authorized as of the date hereof, and any other class of stock ranking on a parity with such Common Stock. Shares issuable upon conversion hereof shall include only shares of Common Stock of the Company.

3.5 No Fractional Shares. No fractional shares of Common Stock shall be issued upon conversion of this Note. In lieu of the Company issuing any fractional shares to the Holder upon the conversion of this Note, the Company shall pay to the Holder the amount of outstanding principal hereunder that is not so converted.

4. Representations, Warranties and Covenants of the Company. The Company represents, warrants and covenants with the Holder as follows:

(a) Authorization; Enforceability. All corporate action on the part of the Company, its officers, directors and stockholders necessary for the authorization, execution and delivery of this Note and the performance of all obligations of the Company hereunder has been taken, and this Note constitutes a valid and legally binding obligation of the Company, enforceable in accordance with its terms except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors' rights generally, and (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies.

(b) Governmental Consents. No consent, approval, qualification, order or authorization of, or filing with, any local, state or federal governmental authority is required on the part of the Company in connection with the Company's valid execution, delivery or performance of this Note except any notices required to be filed with the Securities and Exchange Commission under Regulation D of the Securities Act of 1933, as amended (the "1933 Act"), or such filings as may be required under applicable state securities laws, which, if applicable, will be timely filed within the applicable periods therefor.

(c) No Violation. The execution, delivery and performance by the Company of this Note and the consummation of the transactions contemplated hereby will not result in a violation of its Certificate of Incorporation or Bylaws, in any material respect of any provision of any mortgage, agreement, instrument or contract to which it is a party or by which it is bound or, to the best of its knowledge, of any federal or state judgment, order, writ, decree, statute, rule or regulation applicable to the Company or be in material conflict with or constitute, with or without the passage of time or giving of notice, either a material default under any such provision or an event that results in the creation of any material lien, charge or encumbrance upon any assets of the Company or the suspension, revocation, impairment, forfeiture or nonrenewal of any material permit, license, authorization or approval applicable to the Company, its business or operations, or any of its assets or properties.

 

5. Representations and Covenants of the Holder. The Company has entered into this Note in reliance upon the following representations and covenants of the Holder:

(a) Investment Purpose. This Note and the Common Stock issuable upon conversion of the Note are acquired for investment and not with a view to the sale or distribution of any part thereof, and the Holder has no present intention of selling or engaging in any public distribution of the same except pursuant to a registration or exemption.

(b) Private Issue. The Holder understands (i) that this Note and the Common Stock issuable upon conversion of this Note are not registered under the 1933 Act or qualified under applicable state securities laws, and (ii) that the Company is relying on an exemption from registration predicated on the representations set forth in this Section 8.

(c) Financial Risk. The Holder has such knowledge and experience in financial and business matters as to be capable of evaluating the merits and risks of its investment, and has the ability to bear the economic risks of its investment.

  

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(d) Risk of No Registration. The Holder understands that if the Company does not register with the Securities and Exchange Commission pursuant to Section 12 of the Securities Exchange Act of 1934 (the "1934 Act"), or file reports pursuant to Section 15(d) of the 1934 Act, or if a registration statement covering the securities under the 1933 Act is not in effect when it desires to sell the Common Stock issuable upon conversion of the Note, it may be required to hold such securities for an indefinite period. The Holder also understands that any sale of the Note or the Common Stock which might be made by it in reliance upon Rule 144 under the 1933 Act may be made only in accordance with the terms and conditions of that Rule.

6. Assignment. Subject to the restrictions on transfer described in Section 9 below, the rights and obligations of the Company and the Holder shall be binding upon and benefit the successors, assigns, heirs, administrators and transferees of the parties.

7. Waiver and Amendment. Any provision of this Note may be amended, waived or modified upon the written consent of the Company and the Holder.

8. Transfer of This Note or Securities Issuable on Conversion Hereof. With respect to any offer, sale or other disposition of this Note or securities into which this Note may be converted, the Holder will give written notice to the Company prior thereto, describing briefly the manner thereof. Unless the Company reasonably determines that such transfer would violate applicable securities laws, or that such transfer would adversely affect the Company's ability to account for future transactions to which it is a party as a pooling of interests, and notifies the Holder thereof within five (5) business days after receiving notice of the transfer, the Holder may effect such transfer. The Note thus transferred and each certificate representing the securities thus transferred shall bear a legend as to the applicable restrictions on transferability in order to ensure compliance with the 1933 Act, unless in the opinion of counsel for the Company such legend is not required in order to ensure compliance with the 1933 Act. The Company may issue stop transfer instructions to its transfer agent in connection with such restrictions.

9. Notices. Any notice, other communication or payment required or permitted hereunder shall be in writing and shall be deemed to have been given upon delivery if personally delivered or three (3) business days after deposit if deposited in the United States mail for mailing by certified mail, postage prepaid. Each of the above addressees may change its address for purposes of this Section by giving to the other addressee notice of such new address in conformance with this Section.

10. Governing Law. This Note is being delivered in and shall be construed in accordance with the laws of the State of Nevada, without regard to the conflicts of laws provisions thereof.

11. Heading; References. All headings used herein are used for convenience only and shall not be used to construe or interpret this Note. Except as otherwise indicated, all references herein to Sections refer to Sections hereof.

12. Waiver by the Company. The Company hereby waives demand, notice, presentment, protest and notice of dishonor.

13. Delays. No delay by the Holder in exercising any power or right hereunder shall operate as a waiver of any power or right.

14. Severability. If one or more provisions of this Note are held to be unenforceable under applicable law, such provision shall be excluded from this Note and the balance of the Note shall be interpreted as if such provision was so excluded and shall be enforceable in accordance with its terms.

15. No Impairment. The Company will not, by any voluntary action, avoid or seek to avoid the observance or performance of any of the terms to be observed or performed hereunder by the Company, but will at all times in good faith assist in the carrying out of all the provisions of this Note and in the taking of all such action as may be necessary or appropriate in order to protect the rights of the Holder of this Note against impairment.

  

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IN WITNESS WHEREOF, TagLikeMe Corp. has caused this Note to be executed in its corporate name and this Note to be dated, issued and delivered, all on the date first above written.

 

	 	TAGLIKEME CORP. 	 
	 	 	 	 
	
Date: March __, 2014

	
By: 

	 	 
	 	 	President	 

 

	 	HOLDER.	 
	 	 	 	 
	
Date: March __, 2014

	 	 
	 	Richard Elliot-Square	 

 

 

 

 5CINAV 3.31.2014 10Q Exhibit 10.1

    

Exhibit 10.1
THIRD MODIFICATION AGREEMENT
	
				
	DATE:    
	 
	 
	January 17, 2014

	 
	 
	 
	 

	PARTIES:  
	Borrower:
	 
	COLE REAL ESTATE INCOME STRATEGY (DAILY NAV) OPERATING PARTNERSHIP, LP, a Delaware limited partnership

	 
	 
	 
	 

	 
	Administrative Agent for the Lenders:
	 
	JPMORGAN CHASE BANK, N.A., a national banking association

	 
	 
	 
	 

	 
	Lenders:
	 
	JPMORGAN CHASE BANK, N.A., a national banking association

RECITALS
A.The Lenders have extended to Borrower a revolving line of credit (“Loan”) in a maximum principal amount not to exceed $50,000,000.00 (subject to potential accordion increases up to an aggregate maximum principal amount of $250,000,000.00 as set forth in the Loan Agreement defined below) at any time pursuant to that Borrowing Base Revolving Line of Credit Agreement dated December 8, 2011, among Borrower, Administrative Agent and the Lenders defined therein, as modified by that Modification Agreement dated March 20, 2012 and by that Second Modification Agreement dated September 6, 2012 (as modified, the “Loan Agreement”), and evidenced by the Notes.  The unpaid principal of the Loan as of January 16, 2014 was $39,900,000.00.  All undefined capitalized terms used herein shall have the meaning given them in the Loan Agreement.
B.The Loan is secured by the property described in certain of the Loan Documents.
C.The following Repayment Guaranties (severally and collectively, the “Repayment Guaranty”) were executed and delivered by the following Guarantors to Administrative Agent for the benefit of the Lenders: (i) Repayment Guaranties dated as of December 8, 2011, executed by COLE REAL ESTATE INCOME STRATEGY (DAILY NAV), INC., a Maryland corporation, COLE WG ALBUQUERQUE (3400 COORS) NM, LLC, a Delaware limited liability company, COLE CV AUSTIN TX, LLC, a Delaware limited liability company, COLE TS LOCKHART TX, LLC, a Delaware limited liability company, and COLE WG REIDSVILLE NC, LLC, a Delaware limited liability company; (ii) Repayment Guaranties dated as of December 9, 2011, executed by COLE TS BRUNSWICK GA, LLC, a Delaware limited liability company, COLE CV ERIE PA, LLC, a Delaware limited liability company, COLE CV MANSFIELD OH, LLC, a Delaware limited liability company, and COLE MT SAN ANTONIO TX, LLC, a Delaware limited liability company; (iii) Repayment Guaranty dated as of December 20, 2011, executed by COLE AA MACOMB TOWNSHIP MI, LLC, a Delaware limited liability company; (iv) Repayment Guaranty dated as of January 4, 2013 executed by COLE DG BERWICK LA, LLC, a Delaware limited liability company; (v) Repayment Guaranties dated as of June 17, 2013, executed by COLE FE ELKO NV, LLC, a Delaware limited liability company, COLE SU Merritt Island FL, LLC, a Delaware limited liability company, COLE HC BATON ROUGE (FOSTER) LA, LLC, a Delaware limited liability company, and COLE HC BATON ROUGE (HOWELL) LA, LLC, a Delaware limited liability 

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company; (vi) Repayment Guaranties dated as of August 21, 2013, executed by COLE SW DOUGLASVILLE GA, LLC, a Delaware limited liability company, COLE DG SARDIS CITY AL, LLC, a Delaware limited liability company, and COLE MF GADSDEN AL, LLC, a Delaware limited liability company; (vii) Repayment Guaranties dated as of September 20, 2013, executed by COLE MT ALGONAC MI, LLC, a Delaware limited liability company and COLE FE NORFOLK NE, LLC, a Delaware limited liability company; (viii) Repayment Guaranties dated as of September 27, 2013, executed by COLE SW LAWRENCEVILLE GA, LLC, a Delaware limited liability company, COLE AA SEDALIA MO, LLC, a Delaware limited liability company, and COLE TJ DANVILLE IL, LLC, a Delaware limited liability company; and (ix) Repayment Guaranties dated as of October 10, 2013, executed by COLE JO ROSEVILLE MI, LLC, a Delaware limited liability company, and COLE PM LITTLE ROCK AR, LCC a Delaware limited liability company.
D.Borrower has requested an Accordion Increase in the amount of $25,000,000.00 in accordance with the provisions of Section 2.1(c) of the Loan Agreement and has requested that Administrative Agent and the Lenders modify the Loan and the Loan Documents as provided herein.  Administrative Agent and the Lenders are willing to so modify the Loan and the Loan Documents, subject to the terms and conditions herein.
AGREEMENT
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Borrower, Administrative Agent and the Lenders agree as follows:
		
	SECTION 1. 
	ACCURACY OF RECITALS.

Borrower acknowledges the accuracy of the Recitals.
		
	SECTION 2. 
	MODIFICATION OF LOAN DOCUMENTS.

2.1The following definition set forth in Section 1.1 of the Loan Agreement is hereby amended in its entirety to read as follows:
“Aggregate Commitment” means, as of any date of determination, the aggregate of the Commitments of all the Lenders, as such amount may be reduced or increased (by the Accordion Increase) in accordance with this Agreement.  As of January 17, 2014, the Aggregate Commitment is Seventy-Five Million and No/100 Dollars ($75,000,000.00).
2.2Schedule 1 of the Loan Agreement is hereby replaced in its entirety with Schedule 1 attached hereto and by this reference incorporated herein.
2.3This Agreement shall constitute one of the Loan Documents as that term is defined in the Loan Agreement.
2.4Each reference in the Loan Documents to any of the Loan Documents is hereby amended to be a reference to such document as modified herein.

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	SECTION 3. 
	RATIFICATION OF LOAN DOCUMENTS AND COLLATERAL.

The Loan Documents are ratified and affirmed by Borrower and shall remain in full force and effect as modified herein.  Any property or rights to or interests in property granted as security in the Loan Documents shall remain as security for the Loan and the obligations of Borrower in the Loan Documents.
		
	SECTION 4. 
	BORROWER REPRESENTATIONS AND WARRANTIES.

Borrower represents and warrants to Administrative Agent and the Lenders:
4.1No Event of Default or Unmatured Event of Default has occurred and is continuing.
4.2There has been no material adverse change in the financial condition of Borrower or any other person whose financial statement has been delivered to Administrative Agent in connection with the Loan from the most recent financial statement received by Administrative Agent.
4.3All representations and warranties made by Borrower and set forth in the Loan Documents are true and correct in all material respects on the date hereof, except to the extent such representations and warranties refer to an earlier date, in which case they shall be true and correct, in all material respects, as of such earlier date.
4.4As of the date hereof, Borrower knows of no claims, counterclaims, defenses, or set-offs with respect to the Loan or the Loan Documents as modified herein.
4.5The Loan Documents as modified herein are the legal, valid, and binding obligation of Borrower, enforceable against Borrower in accordance with their terms, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application.
4.6Borrower is validly existing under the laws of the State of its formation or organization and has the requisite power and authority to execute and deliver this Agreement and to perform the Loan Documents as modified herein.  The execution and delivery of this Agreement and the performance of the Loan Documents as modified herein have been duly authorized by all requisite action by or on behalf of Borrower.  This Agreement has been duly executed and delivered on behalf of Borrower.
		
	SECTION 5. 
	CONDITIONS PRECEDENT.

The agreements of Administrative Agent and the Lenders and the modifications contained herein shall not be binding upon Administrative Agent or the Lenders until Administrative Agent and Lenders have executed and delivered this Agreement, and the Administrative Agent has received, at Borrower’s expense, all of the following, all of which shall be in form and content satisfactory to the Administrative Agent and shall be subject to approval by the Administrative Agent:
5.1An original of this Agreement fully executed by Borrower;

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5.2An original of the attached Consent and Agreement of Guarantor fully executed by Guarantors;
5.3An original Promissory Note fully executed by Borrower in the aggregate principal amount of $25,000,000.00;
5.4With respect to any Improvements located on any Qualified Property that is included in Eligible Collateral as of the date hereof, Administrative Agent shall have received evidence indicating whether such Improvements or any part thereof are or will be located within a one hundred year flood plain or other area identified by Administrative Agent has having high or moderate risk of flooding or identified as a special flood hazard area as defined by the Federal Emergency Management Agency, and, if so, a flood notification form signed by Borrower and evidence that the flood insurance required by Article 6 of the Loan Agreement is in place for the Improvements and contents, if applicable, all in form, substance and amount satisfactory to Administrative Agent;
5.5A legal opinion of counsel for Borrower and Guarantor in form and substance reasonably satisfactory to Lender;
5.6Payment of an upfront fee equal to $41,675.00;
5.7Such other documents as Administrative Agent may require relating to the existence and good standing of Borrower, and the authority of any person executing this Agreement or other documents on behalf of Borrower; and
5.8Payment of all reasonable out-of-pocket external costs and expenses incurred by the Administrative Agent in connection with this Agreement (including, without limitation, outside attorneys costs, expenses, and fees).
		
	SECTION 6. 
	INTEGRATION, ENTIRE AGREEMENT, CHANGE, DISCHARGE, TERMINATION, OR WAIVER.

The Loan Documents as modified herein contain the complete understanding and agreement of Borrower, Administrative Agent and the Lenders in respect of the Loan and supersede all prior representations, warranties, agreements, arrangements, understandings, and negotiations.  No provision of the Loan Documents as modified herein may be changed, discharged, supplemented, terminated, or waived except as provided in the Loan Agreement.  The terms of this Agreement shall control with respect to any inconsistencies, conflicts or ambiguities between or among the Agreement and the other Loan Documents.
		
	SECTION 7. 
	BINDING EFFECT.

The Loan Documents as modified herein shall be binding upon and shall inure to the benefit of Borrower, Administrative Agent and the Lenders and their permitted successors and assigns.
		
	SECTION 8. 
	CHOICE OF LAW.

THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF ARIZONA, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS RULES OF THE STATE OF ARIZONA.

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	SECTION 9. 
	COUNTERPART EXECUTION.

This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same document.  Signature pages may be detached from the counterparts and attached to a single copy of this Agreement to physically form one document.
[Signatures on Following Pages]

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DATED as of the date first above stated.

BORROWER:

COLE REAL ESTATE INCOME STRATEGY (DAILY NAV) OPERATING PARTNERSHIP, LP, a Delaware limited partnership

		
	BY:
	COLE REAL ESTATE INCOME STRATEGY (DAILY NAV), INC., a Maryland corporation, General Partner

By:     /s/ John M. Pons        
Name:    John M. Pons
Title:    Authorized Officer

ADMINISTRATIVE AGENT AND LENDERS:

JPMORGAN CHASE BANK, N.A., a national banking association

By:        /s/ Ryan M. Dempsey                
Name:        Ryan M. Dempsey
Title:        Authorized Officer

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Schedule 1
Lenders
	
			
	Name
	Address
	Commitment Amount

	JPMorgan Chase Bank, N.A.
	201 North Central Avenue, 14th Floor, AZ1-1328, Phoenix, Arizona 85004
	$75,000,000.00

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CONSENT AND AGREEMENT OF GUARANTOR
With respect to the Third Modification Agreement, dated January 17, 2014 (the “Agreement”), among COLE REAL ESTATE INCOME STRATEGY (DAILY NAV) OPERATING PARTNERSHIP, LP, a Delaware limited partnership (“Borrower”), the Lenders a party thereto and JPMORGAN CHASE BANK, N.A., a national banking association (“Administrative Agent”) (as Administrative Agent for the Lenders (the “Lenders”); capitalized terms used herein but not defined herein shall have the meanings ascribed thereto in the Loan Agreement referenced in the Agreement), the undersigned (severally and collectively “Guarantor”) agrees for the benefit of Lenders as follows:
1.Guarantor acknowledges (i) receiving a copy of and reading the Agreement, (ii) the accuracy of the Recitals in the Agreement, and (iii) the effectiveness of (A) its Repayment Guaranty as modified herein, and (B) any other agreements, documents, or instruments securing or otherwise relating to such Repayment Guaranty, (including, without limitation, any environmental indemnity agreement previously executed and delivered by the undersigned), as modified herein.  Each Repayment Guaranty and such other agreements, documents, and instruments, as modified herein, are referred to individually and collectively as the “Guarantor Documents.”
2.Guarantor consents to the modification of the Loan Documents as provided in the Agreement and all other matters in the Agreement.
3.Guarantor agrees that all references, if any, to the Notes, the Loan Agreement and the Loan Documents in the Guarantor Documents shall be deemed to refer to such agreements, documents, and instruments as modified and/or replaced by or pursuant to the Agreement.
4.Guarantor reaffirms the Guarantor Documents and agrees that the Guarantor Documents continue in full force and effect and remain unchanged, except as specifically modified by this Consent and Agreement of Guarantor.  
5.Guarantor agrees that the Guarantor Documents, as modified by this Consent and Agreement of Guarantor, are the legal, valid, and binding obligations of the undersigned, enforceable in accordance with their terms against the undersigned, subject to or limited by bankruptcy, insolvency, reorganization, arrangement, moratorium, or other similar laws relating to or affecting the rights of creditors generally and by equitable principles of general application.
6.Guarantor agrees that, as of the date hereof, Guarantor knows of no claims, counterclaims, defenses, or offsets with respect to the enforcement against Guarantor of the Guarantor Documents.
7.Guarantor represents and warrants that there has been no material adverse change in the financial condition of any Guarantor from the most recent financial statement received by Administrative Agent.

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8.Guarantor agrees that this Consent and Agreement of Guarantor may be executed in one or more counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same document.  Signature and acknowledgement pages may be detached from the counterparts and attached to a single copy of this Consent and Agreement of Guarantor(s) to physically form one document.
DATED as of the date of the Agreement.
GUARANTOR:

COLE REAL ESTATE INCOME STRATEGY (DAILY NAV), INC., a Maryland corporation

By:     /s/ John M. Pons        
Name:    John M. Pons
Title:    Authorized Officer

COLE WG ALBUQUERQUE (3400 COORS) NM, LLC
COLE CV AUSTIN TX, LLC
COLE TS LOCKHART TX, LLC
COLE WG REIDSVILLE NC, LLC
COLE TS BRUNSWICK GA, LLC
COLE CV ERIE PA, LLC
COLE CV MANSFIELD OH, LLC
COLE MT SAN ANTONIO TX, LLC
COLE AA MACOMB TOWNSHIP MI, LLC
COLE DG BERWICK LA, LLC
COLE FE ELKO NV, LLC
COLE SU MERRITT ISLAND FL, LLC
COLE HC BATON ROUGE (FOSTER) LA, LLC
COLE HC BATON ROUGE (HOWELL) LA, LLC
COLE SW DOUGLASVILLE GA, LLC
COLE DG SARDIS CITY AL, LLC
COLE MF GADSDEN AL, LLC
COLE MT ALGONAC MI, LLC
COLE FE NORFOLK NE, LLC
COLE SW LAWRENCEVILLE GA, LLC
COLE AA SEDALIA MO, LLC
COLE TJ DANVILLE IL, LLC
COLE JO ROSEVILLE MI, LLC

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COLE PM LITTLE ROCK AR, LLC, each a Delaware limited liability company

		
	By:  
	Cole Real Estate Income Strategy (Daily NAV) Advisors, LLC, a Delaware limited liability company, Manager of each Subsidiary Guarantor listed above

By:    /s/ John M. Pons        
Name: John M. Pons
Title:     Executive Vice President

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