Document:

EX-4.2

 Exhibit 4.2 
 COLE REAL ESTATE INCOME STRATEGY (DAILY NAV), INC. 
 FORM OF MULTIPLE
CLASS PLAN 
 Effective as of
                    , 2013 
  

	I.	Introduction 

 As required by
Section 5.2.5 of Cole Real Estate Income Strategy (Daily NAV), Inc.’s (the “Corporation”) Second Articles of Amendment and Restatement (“Charter”) and effective as of the date set forth above, the Corporation’s
board of directors (the “Board”) adopted this Multiple Class Plan (the “Plan”) to establish certain features of the Wrap Class Common Shares (the “W Shares”), the Advisor Class Common Shares (the “A
Shares”) and the Institutional Class Common Shares (the “I Shares”). Each capitalized term in this Plan not otherwise defined herein has the same meaning as that set forth in the Charter. 

In addition to the terms of the W Shares, the A Shares and the I Shares described in the Charter, each class of Common Shares shall have the features
described below. 
  

	II.	Multiple Class Structure 

  

	 	A.	Commissions and Fees Payable to the Dealer Manager and Financial Intermediaries 

 

	 	1.	Selling Commissions. Each A Share issued in an Offering may be subject to a Selling Commission of up to 3.75% of the purchase price for such A Share.
Stockholders will not pay selling commissions on W Shares, A Shares or I Shares when purchasing shares of any such class pursuant to the Corporation’s distribution reinvestment plan. No W Share or I Share sold in an Offering shall be
subject to a Selling Commission. 

  

	 	2.	Distribution Fees. With respect to each A Share, the Dealer Manager may be entitled to a distribution fee that accrues daily in an amount equal to 1/365th of
0.50% of the Net Asset Value per A Share. The Dealer Manager shall not be entitled to a distribution fee with respect to any W Share or I Share. 

  

	 	3.	Dealer Manager Fees. With respect to each W Share, the Dealer Manager may be entitled to a dealer manager fee that accrues daily in an amount equal to
1/365th of 0.55% of the Net Asset Value per W Share. With respect to each A Share, the Dealer Manager may be entitled to a dealer manager fee that accrues daily in an amount equal to 1/365th of 0.55% of the Net Asset Value per A Share. With
respect to each I Share, the Dealer Manager may be entitled to a dealer manager fee that accrues daily in an amount equal to 1/365th of 0.25% of the Net Asset Value per I Share. 

	 	B.	Expense Allocation 

  

	 	1.	General. Subject to Part II.B.2. hereof, the officers of the Corporation, or a person duly appointed by the officers of the Corporation, will track all expenses
of the Corporation and allocate expenses to a specific class of Common Shares if (i) an expense is actually incurred in a different amount by such class of Common Shares or (ii) such class of Common Shares receives services of a different
kind or to a different degree than the other classes of Common Shares (the expenses described in clauses (i) and (ii) shall hereinafter be referred to as “Class Specific Expenses”). For example, certain organizational and
offering expense reimbursements that are Class Specific Expenses will be allocated to the class of Common Shares that incurred such expense. Such expenses include, but are not limited to, costs to print and mail a prospectus regarding a class of
Common Shares, legal costs to authorize a class of Common Shares and legal costs to register a class of Common Shares. Class Specific Expenses may also include fees and expenses for services for a class of Common Shares such as account setup,
maintenance and recordkeeping. All other expenses that are not Class Specific Expenses will be allocated to each class of Common Shares as described below; provided, however, that no expense not expressly provided for herein shall be treated as a
Class Specific Expense if the officers of the Corporation, or a person duly appointed by the officers of the Corporation, determines after consultation with the Corporation’s tax advisors that such treatment as a Class Specific Expense could
jeopardize the Corporation’s ability to qualify as a REIT. In no event shall Class Specific Expenses include expenses described in Part II.B.2. hereof. 

 

	 	2.	Non-Class Specific Expenses. 

  

	 	a.	Non-Class Specific organization and offering expense reimbursements. Organizational and offering expense reimbursements that are not Class Specific Expenses will
be allocated to each class of Common Shares on a pro rata basis based on the net asset value attributable to each class of Common Shares. Such expenses include, but are not limited to, costs to advertise an Offering, costs to print and mail
marketing materials, and costs to sponsor broker-dealer educational seminars. 

  

	 	b.	Advisory fee. The amount of advisory fee allocated daily to each class of Common Shares will be determined by applying the advisory fee rate to the Net Asset
Value of each class of Common Shares. 

  
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	 	c.	Performance fee. The Advisor will be entitled to a performance fee calculated on the basis of the total return to Stockholders of each class of Common Shares,
payable annually in arrears, such that for any year in which the total return on the Stockholders’ capital, which will be calculated separately for each class of Common Shares, exceeds 6.00% per annum, the Advisor will be entitled to
25.00% of the amount by which such total return exceeds any un-recouped negative total return in previous years, but not to exceed 10.00% of the aggregate total return for that class of Common Share for such year. The amount of the performance fee
allocated to a class of Common Shares will be the amount of the performance fee calculated for such class of Common Shares described in the previous sentence. 

 

	 	d.	Acquisition and operating expense reimbursements. All acquisition and operating expense reimbursements, or other fees and expenses related to the management of
the Corporation’s assets, will be allocated to each class of Common Shares on a pro rata basis based on the Net Asset Value attributable to each class of Common Shares. 

 

	 	3.	Other expenses. The Corporation may incur other expenses (the “Other Expenses”) not specifically addressed herein. In such cases, the officers of the
Corporation, or a person duly appointed by the officers of the Corporation, will allocate Other Expenses to a specific class of Common Shares if such expenses are Class Specific Expenses. Class Specific Expenses will not include advisory or
custodial fees or other fees and expenses related to the management of the Corporation’s assets. Other Expenses that are not Class Specific Expenses will be allocated to each class of Common Shares on a pro rata basis based on the Net Asset
Value attributable to each class of Common Shares. 

  

	 	4.	Timing of Allocation. Expenses shall be allocated to each class of Common Shares at the same time as all other classes of Common Shares.

  

	III.	Amendments 

 The Plan may not be
materially amended unless approved by a majority of the entire Board, including a majority of the Independent Directors; provided, however, the affirmative vote of a majority of the then outstanding shares of a class of Common Shares is required for
any amendment to Part II.A. hereof, other than with respect to Selling Commissions under Part II.A.1. hereof, that would (i) increase any of the fees charged on such class of Common Shares, or (ii) add an additional fee charged on such
class of Common Shares. For the avoidance of doubt, amendments to Part II.A. hereof pertaining to the addition of a new class of Common Shares only need to be approved by a majority of the entire Board, including a majority of the Independent
Directors, and would not have to be approved by any class of Common Shares. 

  
 3EX-10.2

 Exhibit 10.2 
 FIRST AMENDMENT TO THE 
 ADVISORY AGREEMENT 

BY AND AMONG 

COLE REAL ESTATE INCOME STRATEGY (DAILY NAV), INC., 
 COLE REAL ESTATE INCOME STRATEGY (DAILY NAV) OPERATING 
 PARTNERSHIP, LP

 AND 
 COLE REAL ESTATE INCOME STRATEGY (DAILY NAV) ADVISORS, LLC 
 This FIRST
AMENDMENT of the ADVISORY AGREEMENT (this “Amendment”) is made as of February 8, 2013 by and among COLE REAL ESTATE INCOME STRATEGY (DAILY NAV), INC., a Maryland corporation (the “Company”), COLE REAL ESTATE
INCOME STRATEGY (DAILY NAV) OPERATING PARTNERSHIP, LP, a Delaware limited partnership (the “Operating Partnership”), and COLE REAL ESTATE INCOME STRATEGY (DAILY NAV) ADVISORS, LLC, a Delaware limited liability company (the
“Advisor”). This Amendment amends that certain Advisory Agreement, dated as of September 28, 2011, by and among the Company, the Operating Partnership and the Advisor (the “Advisory Agreement”). All capitalized
terms not defined herein shall have the meanings given to each in the Advisory Agreement. 
 WHEREAS, the Board, including all
of the Independent Directors, has determined to amend Section 3.01(c) of the Advisory Agreement, effective as of January 1, 2013; and 
 WHEREAS, Section 6.04 of the Advisory Agreement provides that the Advisory Agreement shall not be changed, modified, or amended, in whole or in part, except by an instrument in writing signed by the
parties thereto, or their respective successors or assignees; 
 NOW, THEREFORE, in consideration of the mutual promises,
covenants and agreements herein contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

1. Effective as of January 1, 2013, Section 3.01(c) of the Advisory Agreement is hereby deleted and replaced with the following:

 The Performance Fee will not be paid for any calendar year in which the Annual Total Return as a percentage of
Stockholders’ invested capital as of the last Business Day of such calendar year is less than or equal to 6%. The Performance Fee will equal 25.0% of the difference between (i) the Annual Total Return and (ii) the amount required to
provide the Stockholders an Annual Total Return of 6% for the measurement period (the “Priority Return”). In no event will the Performance Fee exceed 10.0% of the Annual Total Return in any calendar year. In the event the NAV per share for
the Company’s common stock decreases below $15.00 (the “Base NAV”), the Performance Fee will not be calculated on any increase in NAV up to the Base NAV. In addition, the Performance Fee will not be paid with respect to any calendar
year in which the NAV per share as of the last Business Day of the calendar year (the “Ending NAV”) is less than the 

 
Base NAV. The Base NAV is subject to downward adjustment in the event that the Board, including a majority of the Independent Directors, determines that such an adjustment is necessary to provide
an appropriate incentive to the Advisor to perform in a manner that seeks to maximize stockholder value and is in the best interests of the Company’s stockholders. In the event of any stock dividend, stock split, recapitalization or similar
change in the Company’s capital structure, the Base NAV shall be ratably adjusted to reflect the effect of any such event. The Advisor will begin the Performance Fee calculation with respect to each calendar year by taking the sum of
(i) the Ending NAV and (ii) the cumulative distributions per share for the year, and then (iii) subtracting the NAV per share at the beginning of such year (the “Starting NAV”); provided, however, that if the Starting NAV is
less than the Base NAV, the Base NAV shall be used as the Starting NAV for purposes of this calculation. The Advisor will then divide the resulting amount by the Starting NAV (or, if the Base NAV is used as the Starting NAV pursuant to the preceding
sentence, the Base NAV) to calculate the total return per share, expressed as a percentage. If the total return per share exceeds 6% and the Ending NAV is greater than the Base NAV, then the Performance Fee is calculated by multiplying the excess
percentage (the percentage above 6%) by 25%, and then multiplying the resulting amount by the Starting NAV (or, if the Base NAV is used as the Starting NAV in the total return calculation, the Base NAV). Finally, that amount is multiplied by the
weighted average number of shares outstanding during the year (to reflect share issuances and/or share redemptions during the year) to arrive at the total amount of the Performance Fee, subject to the limitation set forth above that in no event will
the Performance Fee exceed 10.0% of the Annual Total Return for the calendar year for which the Performance Fee is being determined. The Performance Fee for each calendar year for which the fee is payable shall be paid on or before the earlier of
(y) promptly after the audited financial statements for such calendar year become available, or (z) March 15 of the year following such calendar year, provided that if this Agreement or its term expires without renewal prior to
December 31 of any calendar year, then the Performance Fee for such partial year shall be payable promptly after the Company files its unaudited financial statements on Form 10-Q for the quarter that includes the Termination Date, but in no
event later than March 15 of the year following the partial year for such quarterly unaudited financial statements. The Performance Fee shall be payable for each calendar year in which this Agreement is in effect, even if the Agreement is in
effect for less than a full calendar year. 
 2. This Amendment may be executed in any number of counterparts, each of which
shall be deemed to be an original as against any party whose signature appears thereon, and all of such counterparts shall together constitute one and the same instrument. This Amendment shall become binding when one or more counterparts hereof,
individually or taken together, shall bear the signatures of all of the parties. 
 3. Except as specifically amended hereby and
as previously amended, the Advisory Agreement shall remain in full force and effect. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the date first
above written. 
  

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

		
	By:	 	 /s/ D. Kirk McAllaster, Jr.

	D. Kirk McAllaster, Jr.
	 Executive Vice President, Chief Financial Officer
 and Treasurer

	
	 COLE REAL ESTATE INCOME STRATEGY
 (DAILY NAV) OPERATING PARTNERSHIP, LP

	
	 By: Cole Real Estate Income Strategy (Daily NAV), Inc.
 Its General Partner

		
	By:	 	 /s/ D. Kirk McAllaster, Jr.

	D. Kirk McAllaster, Jr.
	 Executive Vice President, Chief Financial Officer
 and Treasurer

	
	 COLE REAL ESTATE INCOME STRATEGY
 (DAILY NAV) ADVISORS, LLC

		
	By:	 	 /s/ Marc T. Nemer

	Marc T. Nemer
	Chief Executive Officer and President

  
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