Document:

Exhibit 10.1

 

FORM OF ESCROW AGREEMENT

 

THIS SUBSCRIPTION ESCROW
AGREEMENT dated as of [●], 2014 (this “Agreement”), is entered into among Realty Capital Securities, LLC
(the “Dealer Manager”), American Realty Capital Global Trust II, Inc. (the “Company”) and
UMB Bank, N.A., as escrow agent (the “Escrow Agent”).

 

WHEREAS, the Company intends to raise
funds from Investors (as defined below) pursuant to a public offering (the “Offering”) for gross proceeds of
not less than $2,000,000 (the “Minimum Amount”) from the sale of shares of common stock, par value
$0.01 per share, of the Company (the “Securities”), pursuant to the registration statement on Form S-11 of the
Company (No. 333-196549) (as amended, the “Offering Document”) a copy of which is attached as Exhibit A
hereto.

 

WHEREAS, the Company desires to establish
an escrow account with the Escrow Agent for funds contributed by the Investors with the Escrow Agent in accordance with the Offering
Document, to be held for the benefit of the Investors and the Company until such time as (i) in the case of subscriptions received
from residents of Pennsylvania (“Pennsylvania Investors”), Securities sold in the Offering to all Investors
equal, in the aggregate, to $156,250,000 (the “Pennsylvania Minimum Amount”), (ii) in the case of subscriptions
received from residents of Washington (“Washington Investors”), Securities sold in the Offering to all Investors
equal, in the aggregate, to $20,000,000 (the “Washington Minimum Amount”) and (iii) in the case of subscriptions
received from all other Investors, Securities sold in the Offering equal the Minimum Amount, in each case in accordance with the
terms and subject to the conditions of this Agreement.

 

WHEREAS, the Escrow
Agent is willing to accept appointment as escrow agent only for the express duties set forth herein.

 

NOW, THEREFORE, in consideration
of the foregoing and of the mutual covenants and agreements contained herein, the parties hereto, intending to be legally bound,
hereby agree as follows:

 

1.          Proceeds
to be Escrowed. On or before the date the Offering Document was initially declared effective (the “Initial
Effective Date”) by the Securities and Exchange Commission (the “SEC”), the Company shall
establish an escrow account with the Escrow Agent to be invested in accordance with Section 6 hereof entitled
“ESCROW ACCOUNT FOR THE BENEFIT OF INVESTORS OF COMMON STOCK OF AMERICAN REALTY CAPITAL GLOBAL TRUST II, INC.”
(including such abbreviations as are required for the Escrow Agent’s systems) (the “Escrow
Account”). All checks, wire transfers and other funds received from subscribers of
Securities (“Investors”, which term shall also include Washington Investors and Pennsylvania Investors
unless the context otherwise requires) in payment for the Securities (“Investor Funds”) will be delivered
to the Escrow Agent within one (1) business day following the day upon which such Investor Funds are received by the Company
or its agents, and shall, upon receipt by the Escrow Agent, be retained in escrow by the Escrow Agent and invested as stated
herein. During the term of this Agreement, the Company or its agents shall cause all checks received by and made payable to
it in payment for the Securities to be endorsed for favor of the Escrow Agent and delivered to the Escrow Agent for deposit
in the Escrow Account.

 

The Company shall, and
shall cause its agents to, cooperate with the Escrow Agent in separately accounting for Investor Funds from Washington Investors
and Pennsylvania Investors in the Escrow Account, and the Escrow Agent shall be entitled to rely upon information provided by the
Company or its agents in this regard.

 

The Escrow Agent shall
have no duty to make any disbursement, investment or other use of Investor Funds until and unless it has good and collected funds.
If any checks deposited in the Escrow Account are returned or prove uncollectible after the funds represented thereby have been
released by the Escrow Agent, then the Company shall promptly reimburse the Escrow Agent for any and all costs incurred for such,
upon request, and the Escrow Agent shall deliver the returned checks to the Company. The Escrow Agent shall be under no duty or
responsibility to enforce collection of any check delivered to it hereunder. The Escrow Agent reserves the right to deny, suspend
or terminate participation by an Investor to the extent the Escrow Agent deems it advisable or necessary to comply with applicable
laws or to eliminate practices that are not consistent with the purposes of the Offering.

 

    	 

    	 

    

 

2.          Investors.
Investors will be instructed by the Dealer Manager or any soliciting dealers retained by the Dealer Manager in connection with
the Offering (the “Soliciting Dealers”) to remit the purchase price in the form of checks (hereinafter “instruments
of payment”) payable to the order of, or funds wired in favor of, “UMB BANK, N.A., ESCROW AGENT FOR AMERICAN REALTY
CAPITAL GLOBAL TRUST II, INC.” Any checks made payable to a party other than the Escrow Agent shall be returned to the Dealer
Manager or Soliciting Dealer that submitted the check. By 12:00 p.m. (EST) the next business day after receipt by the Escrow
Agent of instruments of payment from the Offering, the Company or the Dealer Manager shall furnish the Escrow Agent with a list
of the Investors who have paid for the Securities showing the name, address, tax identification number, the amount of Securities
subscribed for purchase, the amount paid and whether such Investors are Washington Investors or Pennsylvania Investors. The information
comprising the identity of Investors shall be provided to the Escrow Agent in substantially the format set forth in the list of
investors attached hereto as Exhibit B (the “List of Investors”). The Escrow Agent shall be entitled
to conclusively rely upon the List of Investors in determining whether Investors are Washington Investors or Pennsylvania Investors,
and shall have no duty to independently determine or verify the same.

 

When a Soliciting Dealer’s
internal supervisory procedures are conducted at the site at which the subscription agreement and the check for the purchase of
Securities were initially received by Soliciting Dealer from the subscriber, such Soliciting Dealer shall transmit the subscription
agreement and such check to the Escrow Agent by the end of the next business day following receipt of the check for the purchase
of Securities and subscription agreement. When, pursuant to such Soliciting Dealer’s internal supervisory procedures, such
Soliciting Dealer’s final internal supervisory procedures are conducted at a different location (the “Final Review
Office”), such Soliciting Dealer shall transmit the check for the purchase of Securities and subscription agreement to
the Final Review Office by the end of the next business day following Soliciting Dealer’s receipt of the subscription agreement
and the check for the purchase of Securities. The Final Review Office will, by the end of the next business day following its receipt
of the subscription agreement and the check for the purchase of Securities, forward both the subscription agreement and such check
to the Escrow Agent. If any subscription agreement solicited by a Soliciting Dealer is rejected by the Dealer Manager or the Company,
then the subscription agreement and check for the purchase of Securities will be returned to the rejected subscriber within ten
(10) business days from the date of rejection.

 

All Investor Funds deposited
in the Escrow Account shall not be subject to any liens or charges by the Company or the Escrow Agent, or judgments or creditors’
claims against the Company, until and unless released to the Company as hereinafter provided. The Company understands and agrees
that the Company shall not be entitled to any Investor Funds on deposit in the Escrow Account and no such funds shall become the
property of the Company, or any other entity except as released to the Company pursuant to Sections 3, 4 or 5
hereto. The Escrow Agent will not use the information provided to it by the Company for any purpose other than to fulfill its obligations
as Escrow Agent hereunder. The Company and the Escrow Agent will treat all Investor information as confidential. The Escrow Agent
shall not be required to accept any Investor Funds which are not accompanied by the information on the List of Investors.

 

3.          Disbursement
of Funds. Once proceeds from the sale of Securities equal the Minimum Amount (excluding Securities sold to Washington Investors
and Pennsylvania Investors), the Company shall notify the Escrow Agent of the same in writing. Further, if the Minimum Amount has
not been sold on or prior to the Termination Date, the Company shall notify the Escrow Agent in writing of such. At the end of
the third business day following the Termination Date (as defined in Section 6), the Escrow Agent shall notify the Company
of the amount of the Investor Funds received. If the Minimum Amount has been obtained on or before the Termination Date, the Escrow
Agent shall promptly notify the Company and, upon receiving acknowledgement of such notice and written instructions from the Company’s
Chief Executive Officer, President or Chief Financial Officer to disburse the Investor Funds, subject to Sections 3, 4
or 5, the Escrow Agent shall disburse to the Company, by check or wire transfer, the funds in the Escrow Account, except
for amounts payable by the Company to the Escrow Agent pursuant to Exhibit D to this Agreement that remain outstanding.
The Escrow Agent agrees that funds in the Escrow Account shall not be released to the Company until and unless the Escrow Agent
receives written instructions to release the funds from the Company’s Chief Executive Officer, President or Chief Financial
Officer.

 

    	 

    	 

    

 

If the Company notifies
the Escrow Agent in writing that the Minimum Amount has not been obtained prior to the Termination Date, the Escrow Agent shall,
promptly following the Termination Date, but in no event more than ten (10) business days after the Termination Date, refund to
each Investor by check, funds deposited in the Escrow Account, or shall return the instruments of payment delivered to Escrow Agent
if such instruments have not been processed for collection prior to such time, directly to each Investor at the address provided
on the List of Investors. Included in the remittance shall be a proportionate share of the income earned in the account allocable
to each Investor’s investment in accordance with the terms and conditions specified herein, except that in the case of Investors
who have not provided an executed Form W-9 or substitute Form W-9 (or the applicable substitute Form W-8 for foreign investors),
the Escrow Agent shall withhold the applicable percentage of the earnings attributable to those Investors in accordance with Internal
Revenue Service (“IRS”) regulations. Notwithstanding the foregoing, the Escrow Agent shall not be required to
remit any payments until funds represented by such payments have been collected by the Escrow Agent.

 

If the Escrow Agent
receives written notice from the Company that the Company intends to reject an Investor’s subscription, the Escrow Agent
shall pay to the applicable Investor(s), within a reasonable time not to exceed ten (10) business days after receiving notice of
the rejection, by first class United States Mail at the address provided on the List of Investors, or at such other address as
shall be furnished to the Escrow Agent by the Investor in writing, all collected sums paid by the Investor for Securities and received
by the Escrow Agent, together with the interest earned on such Investor Funds (determined in accordance with the terms and conditions
specified herein).

 

4.          Disbursement
of Proceeds for Pennsylvania Investors. Notwithstanding the foregoing, proceeds from sales of Securities to Pennsylvania Investors
will not count towards meeting the Minimum Amount for purposes of Section 3. Proceeds received from sales of Securities
to Pennsylvania Investors will not be released from the Escrow Account until the Pennsylvania Minimum Amount is obtained. If the
Pennsylvania Minimum Amount is obtained at any time prior to the Termination Date, the Escrow Agent shall promptly notify the Company
and, upon receiving acknowledgement of such notice and written instructions from the Company’s Chief Executive Officer, President
or Chief Financial Officer, the Escrow Agent shall disburse to the Company, by check or wire transfer, the funds in the Escrow
Account representing proceeds from Pennsylvania Investors, except for amounts payable by the Company to the Escrow Agent pursuant
to Exhibit D to this Agreement that remain outstanding. The Escrow Agent agrees that the Pennsylvania Minimum Amount in
the Escrow Account shall not be released to the Company until and unless the Escrow Agent receives written instructions to release
the funds from the Company’s Chief Executive Officer, President or Chief Financial Officer.

 

If the Pennsylvania
Minimum Amount has not been obtained prior to the Termination Date, upon written instructions from the Company’s Chief Executive
Officer, President or Chief Financial Officer, the Escrow Agent shall promptly refund to each Pennsylvania Investor by check funds
deposited in the Escrow Account, or shall return the instruments of payment delivered to Escrow Agent if such instruments have
not been processed for collection prior to such time, directly to each Pennsylvania Investor at the address provided on the List
of Investors. Included in the remittance shall be a proportionate share of the income earned in the account allocable to each Pennsylvania
Investor’s investment in accordance with the terms and conditions specified herein, except that in the case of Investors
who have not provided an executed Form W-9 or substitute Form W-9, the Escrow Agent shall withhold the applicable percentage of
the earnings attributable to those Investors in accordance with IRS regulations. Notwithstanding the foregoing, the Escrow Agent
shall not be required to remit any payments until funds represented by such payments have been collected by Escrow Agent.

 

If the Escrow Agent
is not in receipt of evidence of subscriptions accepted on or before the close of business on such date that is 120 days after
the Initial Effective Date (the “Initial Escrow Period”), and instruments of payment dated not later than that
date, for the purchase of Securities providing for total purchase proceeds from all nonaffiliated sources that equal or exceed
the Pennsylvania Minimum Amount, the Escrow Agent shall promptly notify the Company. Thereafter, the Company or its agents shall
send to each Pennsylvania Investor by certified mail within ten (10) calendar days after the end of the Initial Escrow Period a
notification substantially in the form of Exhibit F. If, pursuant to such notification, a Pennsylvania Investor requests
the return of his or her Investor Funds within ten (10) calendar days after receipt of the notification (the “Request
Period”), the Escrow Agent shall promptly refund directly to each Pennsylvania Investor the collected funds deposited
in the Escrow Account on behalf of such Pennsylvania Investor or shall return the instruments of payment delivered, but not yet
processed for collection prior to such time, to the address provided on the List of Investors, upon which the Escrow Agent shall
be entitled to rely, together with interest income earned as determined in accordance with the terms and conditions specified herein
(which interest shall be paid within five business days after the first business day of the succeeding month). Notwithstanding
the above, if the Escrow Agent has not received an executed Form W-9 or substitute Form W-9 for such Pennsylvania Investor, the
Escrow Agent shall thereupon remit an amount to such Pennsylvania Investor in accordance with the provisions hereof, withholding
the applicable percentage for backup withholding in accordance with IRS regulations, as then in effect, from any interest income
earned on Investor Funds (determined in accordance with the terms and conditions specified herein) attributable to such Pennsylvania
Investor. However, the Escrow Agent shall not be required to remit such payments until the Escrow Agent has collected funds represented
by such payments.

 

    	 

    	 

    

 

The Investor Funds of
Pennsylvania Investors who do not request the return of their Investor Funds within the Request Period shall remain in the Escrow
Account for successive 120-day escrow periods (each a “Successive Escrow Period”), each commencing automatically
upon the termination of the prior Successive Escrow Period, and the Company and Escrow Agent shall follow the notification and
payment procedure set forth above with respect to the Initial Escrow Period for each Successive Escrow Period until the occurrence
of the earliest of (i) the Termination Date, (ii) the receipt and acceptance by the Company of subscriptions for the purchase of
Securities with total purchase proceeds that equal or exceed the Pennsylvania Minimum Amount and the disbursement of the Escrow
Account on the terms specified herein, and (iii) all funds reflecting purchases by Pennsylvania Investors and held in the Escrow
Account having been returned to the Pennsylvania Investors in accordance with the provisions hereof.

 

5.          Disbursement
of Proceeds for Washington Investors. Notwithstanding the foregoing, proceeds from sales of Securities to Washington Investors
will not count towards meeting the Minimum Amount for purposes of Section 3. Proceeds received from sales of Securities
to Washington Investors will not be released from the Escrow Account until the Washington Minimum Amount is obtained. If the Washington
Minimum Amount is obtained at any time prior to the Termination Date, the Escrow Agent shall promptly notify the Company and, upon
receiving acknowledgement of such notice and written instructions from the Company’s Chief Executive Officer, President or
Chief Financial Officer, the Escrow Agent shall disburse to the Company, by check or wire transfer, the funds in the Escrow Account
representing proceeds from Washington Investors, except for amounts payable by the Company to the Escrow Agent pursuant to Exhibit
D to this Agreement that remain outstanding. The Escrow Agent agrees that the Washington Minimum Amount in the Escrow Account
shall not be released to the Company until and unless the Escrow Agent receives written instructions to release the funds from
the Company’s Chief Executive Officer, President or Chief Financial Officer.

 

If the Washington Minimum
Amount has not been obtained prior to the Termination Date, upon written instructions from the Company’s Chief Executive
Officer, President or Chief Financial Officer, the Escrow Agent shall promptly refund to each Washington Investor by check funds
deposited in the Escrow Account in respect of purchases by Washington Investors, or shall return the instruments of payment delivered
to Escrow Agent if such instruments have not been processed for collection prior to such time, directly to each Washington Investor
at the address provided on the List of Investors. Included in the remittance shall be a proportionate share of the income earned
in the account allocable to each Washington Investor’s investment in accordance with the terms and conditions specified herein,
except that in the case of Investors who have not provided an executed Form W-9 or substitute Form W-9, the Escrow Agent shall
withhold the applicable percentage of the earnings attributable to those Investors in accordance with IRS regulations. Notwithstanding
the foregoing, the Escrow Agent shall not be required to remit any payments until funds represented by such payments have been
collected by Escrow Agent.

 

6.          Term
of Escrow. This Escrow Agreement shall terminate (the “Termination Date”) on the earliest of: (i) [●],
2015, the one year anniversary of the date the Initial Effective Date, if the Minimum Amount has not been obtained prior to such
date; (ii) the close of business on [●], 2016, the two year anniversary of Initial Effective Date; (iii) the date on which
all funds held in the Escrow Account are distributed to the Company or to Investors pursuant to Section 3 and for Pennsylvania
Investors, Section 4 and for Washington Investors, Section 5, and the Company has informed the Escrow Agent in writing
to close the Escrow Account; (iv) the date the Escrow Agent receives written notice from the Company that it is abandoning the
sale of the Securities; and (v) the date the Escrow Agent receives notice from the SEC or any other federal regulatory authority
that a stop or similar order has been issued with respect to the Offering Document and has remained in effect for at least twenty
(20) days. After the Termination Date, the Company and its agents shall not deposit, and the Escrow Agent shall not accept, any
additional amounts representing payments by prospective Investors.

 

    	 

    	 

    

 

7.          Duty
and Liability of the Escrow Agent. The sole duty of the Escrow Agent shall be to receive Investor Funds and hold them subject
to release, in accordance herewith, and the Escrow Agent shall be under no duty to determine whether the Company or the Dealer
Manager is complying with requirements of this Agreement, the Offering or applicable securities or other laws in tendering the
Investor Funds to the Escrow Agent. No other agreement entered into between the parties, or any of them, shall be considered as
adopted or binding, in whole or in part, upon the Escrow Agent notwithstanding that any such other agreement may be referred to
herein or deposited with the Escrow Agent or the Escrow Agent may have knowledge thereof, including specifically but without limitation,
the Offering Document or any other document related to the Offering (including the subscription agreement and exhibits thereto),
and the Escrow Agent’s rights and responsibilities shall be governed solely by this Agreement. The Escrow Agent shall not
be responsible for or be required to enforce any of the terms or conditions of the Offering Document or any other document related
to the Offering (including the subscription agreement and exhibits thereto) or other agreement between the Company and any other
party. The Escrow Agent may conclusively rely upon and shall be protected in acting upon any statement, certificate, notice, request,
consent, order or other document believed by it to be genuine and to have been signed or presented by the proper party or parties.
The Escrow Agent shall have no duty or liability to verify any such statement, certificate, notice, request, consent, order or
other document, and its sole responsibility shall be to act only as expressly set forth in this Agreement. Concurrent with the
execution of this Agreement, the Company and the Dealer Manager shall each deliver to the Escrow Agent an authorized signers form
in the form of Exhibit C or Exhibit C-1 to this Agreement, as applicable. The Escrow Agent shall be under no obligation
to institute or defend any action, suit or proceeding in connection with this Agreement unless first indemnified to its satisfaction.
The Escrow Agent shall not be liable for any action taken or omitted by it in good faith except to the extent that a court of competent
jurisdiction determines that the Escrow Agent’s gross negligence or willful misconduct was the primary cause of loss. The
Escrow Agent is acting solely as escrow agent hereunder and owes no duties, covenants or obligations, fiduciary or otherwise, to
any other person by reason of this Agreement, except as otherwise stated herein, and no implied duties, covenants or obligations,
fiduciary or otherwise, shall be read into this Agreement against the Escrow Agent. If any disagreement between any of the parties
to this Agreement, or between any of them and any other person, including any Investor, resulting in adverse claims or demands
being made in connection with the matters covered by this Agreement, or if the Escrow Agent is in doubt as to what action it should
take hereunder, the Escrow Agent may, at its option, refuse to comply with any claims or demands on it, or refuse to take any other
action hereunder, so long as such disagreement continues or such doubt exists, and in any such event, the Escrow Agent shall not
be or become liable in any way or to any person for its failure or refusal to act, and the Escrow Agent shall be entitled to continue
so to refrain from acting until (i) the rights of all interested parties shall have been fully and finally adjudicated by a court
of competent jurisdiction, or (ii) all differences shall have been adjudged and all doubt resolved by agreement among all of the
interested persons, and the Escrow Agent shall have been notified thereof in writing signed by all such persons. Notwithstanding
the foregoing, the Escrow Agent may in its discretion obey the order, judgment, decree or levy of any court, whether with or without
jurisdiction and the Escrow Agent is hereby authorized in its sole discretion to comply with and obey any such orders, judgments,
decrees or levies. If any controversy should arise with respect to this Agreement, the Escrow Agent shall have the right, at its
option, to institute an interpleader action in any court of competent jurisdiction to determine the rights of the parties. IN NO
EVENT SHALL THE ESCROW AGENT BE LIABLE, DIRECTLY OR INDIRECTLY, FOR ANY SPECIAL, INDIRECT OR CONSEQUENTIAL LOSSES OR DAMAGES OF
ANY KIND WHATSOEVER (INCLUDING WITHOUT LIMITATION LOST PROFITS), EVEN IF THE ESCROW AGENT HAS BEEN ADVISED OF THE POSSIBILITY OF
SUCH LOSSES OR DAMAGES AND REGARDLESS OF THE FORM OF ACTION. The parties hereto agree that the Escrow Agent has no role in the
preparation of the Offering Document or any other document related to the Offering (including the subscription agreement and exhibits
thereto) and makes no representations or warranties with respect to the information contained therein or omitted therefrom. The
Escrow Agent shall have no obligation, duty or liability with respect to compliance with any federal or state securities, disclosure
or tax laws concerning the Offering Document or any other document related to the Offering (including the subscription agreement
and exhibits thereto) or the issuance, offering or sale of the Securities. The Escrow Agent shall have no duty or obligation to
monitor the application and use of the Investor Funds once transferred to the Company, that being the sole obligation and responsibility
of the Company.

 

    	 

    	 

    

 

8.          Escrow
Agent’s Fee. The Escrow Agent shall be entitled to compensation for its services as stated in the fee schedule attached
hereto as Exhibit D, which compensation shall be paid by the Company. The fee agreed upon for the services rendered hereunder
is intended as full compensation for the Escrow Agent’s services as contemplated by this Agreement; provided, however,
that if (i) the conditions for the disbursement of funds under this Agreement are not fulfilled, (ii) the Escrow Agent renders
any material service not contemplated in this Agreement, (iii) there is any assignment of interest in the subject matter of this
Agreement, (iv) there is any material modification hereof, (v) if any material controversy arises hereunder, or (vi) the Escrow
Agent is made a party to any litigation pertaining to this Agreement, or the subject matter hereof, then the Escrow Agent shall
be reasonably compensated for such extraordinary services and reimbursed for all costs and expenses, including reasonable attorney’s
fees, occasioned by any delay, controversy, litigation or event, and the same shall be recoverable from the Company. The Company’s
obligations under this Section 8 shall survive the resignation or removal of the Escrow Agent and the assignment or termination
of this Agreement.

 

9.        Investment
of Investor Funds. The Investor Funds shall be deposited in the Escrow Account in accordance with Section 1. The Escrow
Agent is hereby directed to invest all funds received under this Agreement, including principal and interest in, the UMB Bank Money
Market Deposit Account, as directed in writing in the form of Exhibit E to this Agreement. In the absence of written investment
instructions from the Company to the contrary, the Escrow Agent is hereby directed to invest the Investor Funds in the UMB Bank
Money Market Deposit Account. Notwithstanding the foregoing, Investor Funds shall not be invested in anything other than “Short
Term Investments” in compliance with Rule 15c2-4 of the Securities Exchange Act of 1934, as amended. The following are not
permissible investments: (a) money market mutual funds; (b) corporate debt or equity securities; (c) repurchase agreements; (d) banker’s
acceptance; (e) commercial paper; and (f) municipal securities. Any interest received by the Escrow Agent with respect to the Investor
Funds, including reinvested interest shall become part of the Investor Funds, and shall be disbursed pursuant to Section 3,
for Pennsylvania Investors, Section 4 and for Washington Investors, Section 5.

 

The Escrow Agent shall
be entitled to sell or redeem any such investments as necessary to make any payments or distributions required under this Agreement.
The Escrow Agent shall have no responsibility or liability for any loss which may result from any investment made pursuant to this
Agreement, or for any loss resulting from the sale of such investment. The parties acknowledge that the Escrow Agent is not providing
investment supervision, recommendations, or advice.

 

On or prior to the date
of this Agreement, the Company shall provide the Escrow Agent with a certified tax identification number by furnishing an appropriate
IRS form W-9 or W-8 (or substitute Form W-9 or W-8) and other forms and documents that the Escrow Agent may reasonably request,
including without limitation a tax form for each Investor. The Company understands that if such tax reporting documentation is
not so certified to the Escrow Agent, the Escrow Agent may be required by the Internal Revenue Code of 1986, as amended, to withhold
a portion of any interest or other income earned on the Investor Funds pursuant to this Agreement. For tax reporting purposes,
all interest and other income from investment of the Investor Funds shall, as of the end of each calendar year and to the extent
required by the IRS, be reported as having been earned by the party to whom such interest or other income is distributed, in the
year in which it is distributed.

 

The Company agrees to
indemnify and hold the Escrow Agent harmless from and against any taxes, additions for late payment, interest, penalties and other
expenses that may be assessed against the Escrow Agent on or with respect to any payment or other activities under this Agreement
unless any such tax, addition for late payment, interest, penalties and other expenses shall be determined by a court of competent
jurisdiction to have been caused by the Escrow Agent’s gross negligence or willful misconduct. The terms of this Section
shall survive the termination of this Agreement and the resignation or removal of the Escrow Agent.

 

10.          Notices.
All notices, requests, demands, and other communications under this Agreement shall be in writing and shall be deemed to have been
duly given (a) on the date of service if served personally on the party to whom notice is to be given, (b) on the day of transmission
if sent by facsimile/email transmission bearing an authorized signature to the facsimile number/email address given below, and
written confirmation of receipt is obtained promptly after completion of transmission, (c) on the day after delivery to Federal
Express or similar overnight courier or the Express Mail service maintained by the United States Postal Service, or (d) on the
fifth day after mailing, if mailed to the party to whom notice is to be given, by first class mail, registered or certified, postage
prepaid, and properly addressed, return receipt requested, to the party as follows:

 

    	 

    	 

    

 

If to the Company:

 

American Realty Capital Global Trust II, Inc.

405 Park Avenue, 15th Floor

New York, New York 10022

Fax: (212) 421-5799

Attention: Nicholas S. Schorsch, Chief Executive Officer
and Chairman of the Board of Directors

 

with a copy to:

 

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036-8299

Telephone: (212) 969-3000

Fax: (212) 969-2900

Attention: Peter M. Fass, Esq.

 

If to the Dealer Manager:

 

Realty Capital Securities, LLC

One Beacon Street, 14th Floor

Boston, MA 02108

Attention: Louisa H. Quarto, President

 

with a copy to:

 

Proskauer Rose LLP

Eleven Times Square

New York, NY 10036-8299

Telephone: (212) 969-3000

Fax: (212) 969-2900

Attention: Peter M. Fass, Esq.

 

and:

 

Kunzman & Bollinger, Inc.

5100 N. Brookline Avenue, Suite 600

Oklahoma City, OK 73112

Telephone: (405) 942-3501

Fax: (405) 942-3527

Attention: Wallace W. Kunzman, Jr., Esq.

 

and:

 

American Realty Capital Global Trust II, Inc.

405 Park Avenue, 15th Floor

New York, New York 10022

Fax: (212) 421-5799

Attention: Nicholas S. Schorsch, Chief Executive Officer
and Chairman of the Board of Directors

 

If to Escrow Agent:

 

UMB Bank, N.A.

1010 Grand Blvd., 4th Floor

Mail Stop: 1020409

Kansas City, Missouri 64106

Attention: Lara L. Stevens, Corporate Trust

Telephone: (816) 860-3017

Facsimile: (816) 860-3029

Email: lara.stevens@umb.com

 

    	 

    	 

    

 

Any party may change its address for purposes
of this Section by giving the other party written notice of the new address in the manner set forth above.

 

11.        Indemnification
of Escrow Agent. The Company and the Dealer Manager hereby agree to, jointly and severally, indemnify, defend and hold harmless
the Escrow Agent from and against, any and all loss, liability, cost, damage and expense, including, without limitation, reasonable
counsel fees and expenses, which the Escrow Agent may suffer or incur by reason of any action, claim or proceeding brought against
the Escrow Agent arising out of or relating in any way to this Agreement or any transaction to which this Agreement relates unless
such loss, liability, cost, damage or expense is finally determined by a court of competent jurisdiction to have been primarily
caused by the gross negligence or willful misconduct of the Escrow Agent. The terms of this Section shall survive the termination
of this Agreement and the resignation or removal of the Escrow Agent.

 

12.        Successors
and Assigns. Except as otherwise provided in this Agreement, no party hereto shall assign this Agreement or any rights or obligations
hereunder without the prior written consent of the other parties hereto and any such attempted assignment without such prior written
consent shall be void and of no force and effect. This Agreement shall inure to the benefit of and shall be binding upon the successors
and permitted assigns of the parties hereto. Any corporation or association into which the Escrow Agent may be converted or merged,
or with which it may be consolidated, or to which it may sell or transfer all or substantially all of its corporate trust business
and assets as a whole or substantially as a whole, or any corporation or association resulting from any such conversion, sale,
merger, consolidation or transfer to which the Escrow Agent is a party, shall be and become the successor Escrow Agent under this
Agreement and shall have and succeed to the rights, powers, duties, immunities and privileges as its predecessor, without the execution
or filing of any instrument or paper or the performance of any further act.

 

13.        Governing
Law; Jurisdiction. This Agreement shall be construed, performed, and enforced in accordance with, and governed by, the internal
laws of the State of New York, without giving effect to the principles of conflicts of laws thereof.

 

14.        Severability.
If any provision of this Agreement is declared by any court or other judicial or administrative body to be null, void, or unenforceable,
said provision shall survive to the extent it is not so declared, and all of the other provisions of this Agreement shall remain
in full force and effect.

 

15.        Amendments;
Waivers. This Agreement may be amended or modified, and any of the terms, covenants, representations, warranties, or conditions
hereof may be waived, only by a written instrument executed by the parties hereto, or in the case of a waiver, by the party waiving
compliance. Any waiver by any party of any condition, or of the breach of any provision, term, covenant, representation, or warranty
contained in this Agreement, in any one or more instances, shall not be deemed to be nor construed as further or continuing waiver
of any such condition, or of the breach of any other provision, term, covenant, representation, or warranty of this Agreement.
The Company and the Dealer Manager agree that any requested waiver, modification or amendment of this Agreement shall be consistent
with the terms of the Offering.

 

16.        Entire
Agreement. This Agreement contains the entire agreement and understanding among the parties hereto with respect to the escrow
contemplated hereby and supersedes and replaces all prior and contemporaneous agreements and understandings, oral or written, with
regard to such escrow.

 

17.        Section
Headings. The section headings in this Agreement are for reference purposes only and shall not affect the meaning or interpretation
of this Agreement.

 

18.        Counterparts.
This Agreement may be executed (including by facsimile transmission) with counterpart signature pages or in counterparts, each
of which shall be deemed an original, but all of which shall constitute the same instrument. Copies, telecopies, facsimiles, electronic
files and other reproductions of original executed documents shall be deemed to be authentic and valid counterparts of such original
documents for all purposes, including the filing of any claim, action or suit in the appropriate court of law.

 

19.        Resignation.
The Escrow Agent may resign upon 30 days’ advance written notice to the parties hereto. If a successor escrow agent is not
appointed by the Company within the 30-day period following such notice, the Escrow Agent may petition any court of competent jurisdiction
to name a successor escrow agent, or may interplead the Investor Funds with such court, whereupon the Escrow Agent’s duties
hereunder shall terminate.

 

    	 

    	 

    

 

20.        References
to Escrow Agent. Other than the Offering Document, any of the other documents related to the Offering (including the subscription
agreement and exhibits thereto) and any amendments thereof or supplements thereto, no printed or other matter in any language (including,
without limitation, notices, reports and promotional material) which mentions the Escrow Agent’s name or the rights, powers,
or duties of the Escrow Agent shall be issued by the Company or the Dealer Manager, or on the Company’s or the Dealer Manager’s
behalf, unless the Escrow Agent shall first have given its specific written consent thereto. Notwithstanding the foregoing, any
amendment or supplement to the Offering Document or any other document related to the Offering (including the subscription agreement
and exhibits thereto) that revises, alters, modifies, changes or adds to the description of the Escrow Agent or its rights, powers
or duties hereunder shall not be issued by the Company or the Dealer Manager, or on the Company’s or Dealer Manager’s
behalf, unless the Escrow Agent has first given specific written consent thereto.

 

21.        Patriot
Act Compliance; OFAC Search Duties. The Company shall provide to the Escrow Agent upon the execution of this Agreement any
documentation requested and any information reasonably requested by the Escrow Agent to comply with the USA Patriot Act of 2001,
as amended from time to time. The Escrow Agent, or its agent, shall complete a search with the Office of Foreign Assets Control
(“OFAC Search”), in compliance with its policy and procedures, of each subscription check for the purchase of
Securities and shall inform the Company if a subscription check for the purchase of Securities fails the OFAC Search.

 

[Signature page follows]

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Subscription Escrow Agreement to be executed the date and year first set forth above.

 

AMERICAN REALTY CAPITAL GLOBAL TRUST II,
INC.

 

	By:	 /s/ Nicholas S. Schorsch	 
	 	Name: Nicholas S. Schorsch	 
	 	Title:   Chief Executive Officer	 
	 	 	 
	REALTY CAPITAL SECURITIES, LLC	 
	 	 	 
	By:	 /s/ Louisa H. Quarto	 
	 	Name: Louisa H. Quarto	 
	 	Title:   President	 
	 	 	 
	UMB BANK, N.A., as Escrow Agent	 
	 	 	 
	By:	 /s/ Lara L. Stevens	 
	 	Name: Lara L. Stevens	 
	 	Title: Vice President	 

 

    	 

    	 

    

 

Exhibit A

 

Copy of Offering Document

 

    	 

    	 

    

 

Exhibit B

 

List of Investors

 

Pursuant to the Escrow Agreement dated
as     , 2014, among Realty Capital Securities, LLC, American Realty Capital Global Trust II, Inc. (the
“Company”), and UMB Bank, N.A. (the “Escrow Agent”), the Company or its agents hereby certifies
that the following Investors have paid money for the purchase of shares of the Company’s common stock, par value $0.01 (“Securities”),
and the money has been deposited with the Escrow Agent:

 

	 	1.	Name of Investor
	 	 	Address
	 	 	Tax Identification Number
	 	 	Amount of Securities subscribed for
	 	 	Amount of money paid and deposited with Escrow Agent
	 	 	Is Investor a resident of Pennsylvania (Yes or No)?
	 	 	Is Investor a resident of Washington (Yes or No)?

 

	 	2.	Name of Investor
	 	 	Address
	 	 	Tax Identification Number
	 	 	Amount of Securities subscribed for
	 	 	Amount of money paid and deposited with Escrow Agent
	 	 	Is Investor a resident of Pennsylvania (Yes or No)?
	 	 	Is Investor a resident of Washington (Yes or No)?

 

 

	Dated:	 	 

 

REALTY CAPITAL SECURITIES, LLC

 

	By:	 	 
	 	Name: Louisa H. Quarto	 
	 	Title:   President	 

 

    	 

    	 

    

 

Exhibit C

 

CERTIFICATE AS TO AUTHORIZED SIGNATURES

 

The specimen signatures shown below are
the specimen signatures of the individuals who have been designated as Authorized Representatives of American Realty Capital Global
Trust II, Inc. and are authorized to initiate and approve transactions of all types for the above-mentioned account on behalf of
American Realty Capital Global Trust II, Inc.

 

	Name/Title	 	Specimen Signature
	 	 	 
	Nicholas S. Schorsch	 	 
	Chief Executive Officer and Chairman of the Board of Directors	 	Signature
	 	 	 
	Edward M. Weil, Jr.	 	 
	President, Chief Operating Officer, Treasurer, Secretary and Director	 	Signature
	 	 	 
	Peter M. Budko	 	 
	Executive Vice President	 	Signature
	 	 	 
	Patrick J. Goulding	 	 
	Chief Financial Officer	 	Signature
	 	 	 
	Andrew Winer	 	 
	Chief Investment Officer	 	Signature

 

    	 

    	 

    

 

Exhibit C-1

 

CERTIFICATE AS TO AUTHORIZED SIGNATURES

 

The specimen signatures shown below are
the specimen signatures of the individuals who have been designated as Authorized Representatives of Realty Capital Securities,
LLC and are authorized to initiate and approve transactions of all types for the above-mentioned account on behalf of Realty Capital
Securities, LLC.

 

	Name/Title	 	Specimen Signature
	 	 	 
	Edward M. Weil, Jr.	 	 
	Chairman and Interim Chief Executive Officer	 	Signature
	 	 	 
	Louisa H. Quarto	 	 
	President	 	Signature
	 	 	 
	John H. Grady	 	 
	Chief Operating Officer	 	Signature

 

    	 

    	 

    

 

Exhibit D

 

ESCROW FEES AND EXPENSES

 

Acceptance Fee

 

Review escrow agreement, establish account $3,000

DST Agency Engagement (if applicable) $250

 

Annual Fees

 

Annual Escrow Agent $2,500

Outgoing Wire Transfer $15 each

Daily Recon File to Transfer Agent $2.50 per Bus. Day

Web Exchange Access $15 per month

Overnight Delivery/Mailings $16.50 each

IRS Tax Reporting $10 per 1099

 

Fees specified are for the regular, routine
services contemplated by the Subscription Escrow Agreement, and any additional or extraordinary services, including, but not limited
to disbursements involving a dispute or arbitration, or administration while a dispute, controversy or adverse claim is in existence,
will be charged based upon time required at the then standard hourly rate. In addition to the specified fees, all expenses related
to the administration of the Subscription Escrow Agreement (other than normal overhead expenses of the regular staff) such as,
but not limited to, travel, postage, shipping, courier, telephone, facsimile, supplies, legal fees, accounting fees, etc., will
be reimbursable.

 

Acceptance fee and first year Annual Escrow
Agent fee will be payable at the initiation of the escrow. Thereafter, the Annual Escrow Agent fees will be billed in advance and
transactional fees will be billed in arrears. Other fees and expenses will be billed as incurred.

 

    	 

    	 

    

 

Exhibit E

 

Agency and Custody Account Direction

For Cash Balances

UMB Bank Money Market Deposit Accounts

 

Direction to use the following UMB Bank
Money Market Deposit Accounts for Cash Balances for the escrow account (the “Account”) created under the Subscription
Escrow Agreement to which this Exhibit E is attached.

 

You are hereby directed to deposit, as
indicated below, or as we shall direct further in writing from time to time, all cash in the Account in the following money market
deposit account of UMB Bank, N.A. (“Bank”):

 

UMB Bank Money Market Special

 

We acknowledge that we have full power
to direct investments in the Account.

 

We understand that we may change this direction
at any time and that it shall continue in effect until revoked or modified by us by written notice to you.

 

American Realty Capital Global Trust II,
Inc.

 

	By:	 	 
	 	Signature	 
	 	 	 
	 	 
	Date	 

 

    	 

    	 

    

 

Exhibit F

 

[Form of Notice to Pennsylvania Investors]

 

You have tendered a subscription to purchase
shares of common stock of American Realty Capital Global Trust II, Inc. (the “Company”). Your subscription is
currently being held in escrow. The guidelines of the Pennsylvania Securities Commission do not permit the Company to accept subscriptions
from Pennsylvania residents until an aggregate of $156,250,000 of gross offering proceeds have been received by the Company. The
Pennsylvania guidelines provide that until this minimum amount of offering proceeds is received by the Company, every 120 days
during the offering period Pennsylvania Investors may request that their subscription be returned. If you wish to continue your
subscription in escrow until the Pennsylvania minimum subscription amount is received, nothing further is required.

 

If you wish to terminate your subscription
for the Company’s common stock and have your subscription returned please so indicate below, sign, date, and return to the
Escrow Agent, UMB Bank, N.A. at 1010 Grand Blvd., 4th Floor, Mail Stop: 1020409, Kansas City, Missouri 64106, Attn: Lara L. Stevens,
Corporate Trust.

 

I hereby terminate my prior subscription
to purchase shares of common stock of American Realty Capital Global Trust II, Inc. and request the return of my subscription funds.
I certify to American Realty Capital Global Trust II, Inc. that I am a resident of Pennsylvania.

 

	Signature:	 
	 	 
	Name:	 
	 	(please print)
	 	 
	Date:	 

 

Please send the subscription refund to:Exhibit 10.2

 

ADVISORY AGREEMENT

BY AND AMONG

AMERICAN REALTY CAPITAL GLOBAL TRUST II, INC.,

AMERICAN REALTY CAPITAL GLOBAL II OPERATING PARTNERSHIP, L.P.,

AMERICAN REALTY CAPITAL GLOBAL II ADVISORS, LLC

 

AND EACH LOCAL ENTITY SET FORTH IN
Appendix A

Dated as of [___________], 2014

 

    	 

    	 

    

 

ADVISORY AGREEMENT

 

THIS ADVISORY AGREEMENT
(this “Agreement”) dated as of [__________], 2014, is entered into among American Realty Capital Global Trust
II, Inc., a Maryland corporation (the “Company”), American Realty Capital Global II Operating Partnership, L.P.,
a Delaware limited partnership (the “Operating Partnership”), American Realty Capital Global II Advisors, LLC,
a Delaware limited liability company (the “Advisor”), and each Local Entity set forth in Appendix A hereto,
as such Appendix may be amended from time to time.

 

Capitalized and other
terms that are defined in the Service Provider Agreement but not otherwise defined in this Agreement have the respective meanings
ascribed to such terms in the Service Provider Agreement, in the final form filed as an exhibit to the Registration Statement on
Form S-11 filed by the Company in the form declared effective on the Effective Date by the Securities and Exchange Commission.

 

WITNESSETH

 

WHEREAS, the Company
is a Maryland corporation created in accordance with the Maryland General Corporation Law and intends to qualify as a REIT (as
defined below);

 

WHEREAS, the Company
is the general partner of the Operating Partnership;

 

WHEREAS, the Company
and the Operating Partnership desire to avail themselves of the experience, sources of information, advice, assistance and certain
facilities of the Advisor and to have the Advisor undertake the duties and responsibilities hereinafter set forth, on behalf of,
and subject to the supervision of the Board of Directors of the Company, all as provided herein; and

 

WHEREAS, the Advisor
is willing to render such services, subject to the supervision of the Board of Directors of the Company, on the terms and subject
to the conditions hereinafter set forth;

 

NOW, THEREFORE, in
consideration of the foregoing and of the mutual covenants and agreements contained herein, the parties hereto, intending to be
legally bound, hereby agree as follows:

 

1.          DEFINITIONS.
As used in this Agreement, the following terms have the definitions set forth below:

 

“Acquisition
Expenses” means any and all expenses, exclusive of Acquisition Fees, incurred by the Company, the Operating Partnership,
the Advisor or any of its Affiliates or assigns in connection with the selection, evaluation, acquisition, origination, making
or development of any Investments, whether or not acquired, including, without limitation, legal fees and expenses, travel and
communications expenses, costs of appraisals, nonrefundable option payments on property not acquired, accounting fees and expenses,
title insurance premiums and the costs of performing due diligence.

 

    	 

    	 

    

 

“Acquisition
Fee” means the fees payable to the Advisor or its assigns pursuant to Section 11(a).

 

“Advisor”
means American Realty Capital Global II Advisors, LLC, a Delaware limited liability company, any successor advisor to the Company
and the Operating Partnership, or any Person to which American Realty Capital Global II Advisors, LLC or any successor advisor
subcontracts or assigns substantially all its functions. Notwithstanding the foregoing, a Person hired or retained by American
Realty Capital Global II Advisors, LLC to perform property management and related services for the Company or the Operating Partnership
that is not hired or retained to perform substantially all the functions of American Realty Capital Global II Advisors, LLC with
respect to the Company and the Operating Partnership as a whole shall not be deemed to be an Advisor.

 

“Affiliate”
or “Affiliated” means with respect to any Person, (i) any other Person directly or indirectly owning,
controlling or holding, with the power to vote, ten percent (10%) or more of the outstanding voting securities of such Person;
(ii) any other Person, ten percent (10%) or more of whose outstanding voting securities are directly or indirectly owned, controlled
or held, with the power to vote, by such Person; (iii) any other Person directly or indirectly controlling, controlled by or under
common control with such Person; (iv) any executive officer, director, trustee or general partner of such Person; and (v) any legal
entity for which such Person acts as an executive officer, director, trustee or general partner. For purposes of this definition,
the terms “controls,” “is controlled by,” or “is under common control with” shall mean the
possession, direct or indirect, of the power to direct or cause the direction of the management and policies of an entity, whether
through ownership or voting rights, by contract or otherwise.

 

“Agreement”
has the meaning set forth in the preamble and such term shall include any amendment or supplement hereto from time to time.

 

“Annual
Subordinated Performance Fee” means the fees payable to the Advisor or its assigns pursuant to Section 11(d).

 

“Articles
of Incorporation” means the charter of the Company, as the same may be amended from time to time.

 

“Average
Invested Assets” has the meaning set forth in the Articles of Incorporation. For an equity interest owned in a Joint
Venture, the calculation of Average Invested Assets shall take into consideration the underlying Joint Venture’s aggregate
book value for the equity interest.

 

“Board
of Directors” or “Board” means the Board of Directors of the Company.

 

“By-laws”
means the by-laws of the Company, as amended and as the same are in effect from time to time.

 

    	2

    	 

    

 

“Cause”
means (i) fraud, criminal conduct, willful misconduct or illegal or negligent breach of fiduciary duty by the Advisor, or (ii)
if any of the following events occur: (A) the Advisor shall breach any material provision of this Agreement, and after written
notice of such breach, shall not cure such default within thirty (30) days or have begun action within thirty (30) days to cure
the default which shall be completed with reasonable diligence; (B) the Advisor shall be adjudged bankrupt or insolvent by a court
of competent jurisdiction, or an order shall be made by a court of competent jurisdiction for the appointment of a receiver, liquidator,
or trustee of the Advisor, for all or substantially all its property by reason of the foregoing, or if a court of competent jurisdiction
approves any petition filed against the Advisor for reorganization, and such adjudication or order shall remain in force or unstayed
for a period of thirty (30) days; or (C) the Advisor shall institute proceedings for voluntary bankruptcy or shall file a petition
seeking reorganization under the federal bankruptcy laws, or for relief under any law for relief of debtors, or shall consent to
the appointment of a receiver for itself or for all or substantially all its property, or shall make a general assignment for the
benefit of its creditors, or shall admit in writing its inability to pay its debts, generally, as they become due.

 

“Change
of Control” means (i) any “person” (within the meaning of Section 13(d) of the Exchange Act, as enacted
and in force on the date hereof) is or becomes the “beneficial owner” (as that term is defined in Rule 13d-3, as enacted
and in force on the date hereof, under the Exchange Act) of securities of the Company representing 9.8% or more of the combined
voting power of the Company’s securities then outstanding without approval of the Board of Directors; (ii) there occurs a
merger, consolidation or other reorganization of the Company which is not approved by the Board of Directors; (iii) there
occurs a sale, exchange, transfer or other disposition of substantially all the assets of the Company to another Person, which
disposition is not approved by the Board of Directors; or (iv) there occurs a contested proxy solicitation of the Stockholders
that results in the contesting party electing candidates to a majority of the Board of Directors’ positions next up for election.

 

“Code”
means the Internal Revenue Code of 1986, as amended from time to time, or any successor statute thereto. Reference to any provision
of the Code shall mean such provision as in effect from time to time, as the same may be amended, and any successor provision thereto,
as interpreted by any applicable regulations as in effect from time to time.

 

“Common
Stock” means the shares of the Company’s common stock, par value $0.01 per share.

 

“Company”
has the meaning set forth in the preamble.

 

“Competitive
Real Estate Commission” means a real estate or brokerage commission for the purchase or sale of an asset which is
reasonable, customary and competitive in light of the size, type and location of the asset.

 

“Contract
Purchase Price” has the meaning ascribed to this term in the Articles of Incorporation.

 

“Contract
Sales Price” means the total consideration received by the Company from the sale of an Investment.

 

“Dealer
Manager” means Realty Capital Securities, LLC, or such other Person selected by the Board of Directors to act as
the dealer manager for the Offering.

 

“Dealer
Manager Fee” means the fee from the sale of Shares in a Primary Offering, payable to the Dealer Manager for serving
as the dealer manager of such Primary Offering.

 

    	3

    	 

    

 

“Director”
means a director of the Company.

 

“Distributions”
means any distributions of money or other property by the Company to Stockholders, including distributions that may constitute
a return of capital for U.S. federal income tax purposes or the use of offering proceeds from any Primary Offering.

 

“Excess
Amount” has the meaning set forth in Section 14.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended from time to time, or any successor statute thereto. Reference
to any provision of the Exchange Act shall mean such provision as in effect from time to time, as the same may be amended, and
any successor provision thereto, as interpreted by any applicable regulations as in effect from time to time.

 

“Expense
Year” shall mean any four (4) consecutive fiscal quarters.

 

“Financing
Coordination Fee” means the fee payable to the Advisor or its assigns pursuant to Section 11(c).

 

“FINRA”
means the Financial Industry Regulatory Authority, Inc.

 

“Foreign
Investment” shall mean any transaction in accordance with the Foreign Investment Strategy.

 

“Foreign
Investment Strategy” means the Company’s foreign investment strategy as implemented through the acquisition
of Investments located in the United Kingdom or continental Europe consistent with the investment objectives and policies of the
Company as determined and adopted from time to time by the Board, with the understanding that, as of the effective date of the
initial Primary Offering, the Company intends to invest 50% of its capital in real estate located in the United States and 50%
of its capital in real estate located in Europe; provided that the Company may reallocate up to 20% of its capital for additional
investments located in Europe or in investments located elsewhere internationally.

 

“GAAP”
means United States generally accepted accounting principles, consistently applied.

 

“Good Reason”
means: (i) any failure to obtain a satisfactory agreement from any successor to the Company or the Operating Partnership to assume
and agree to perform obligations under this Agreement; or (ii) any material breach of this Agreement of any nature whatsoever by
the Company or the Operating Partnership.

 

“Gross
Proceeds” means the aggregate purchase price of all Shares sold for the account of the Company through an Offering,
without deduction for Selling Commissions, volume discounts, any marketing support and due diligence expense reimbursement or Organization
and Offering Expenses. For the purpose of computing Gross Proceeds, the purchase price of any Share for which reduced Selling Commissions
are paid to the Dealer Manager or a Soliciting Dealer (where net proceeds to the Company are not reduced) shall be deemed to be
the full amount of the offering price per Share pursuant to the Prospectus for such Offering without reduction.

 

    	4

    	 

    

 

“Indemnitee”
has the meaning set forth in Section 22.

 

“Independent
Director” has the meaning set forth in the Articles of Incorporation.

 

“Independent
Valuation Advisor” means a firm that is (i) engaged in the business of conducting appraisals on real estate properties,
(ii) not an Affiliate of the Advisor and (iii) engaged by the Company with the Board’s approval to appraise the Real
Properties and other Investments pursuant to the Valuation Guidelines.

 

“Insourced
Acquisition Expenses” means Acquisition Expenses incurred by the Advisor, or any Affiliates or assigns but excluding
any legal fees or costs incurred by the Advisor or its assigns in connection with services performed hereunder.

 

“Investments”
means any investments by the Company or the Operating Partnership, directly or indirectly, in Real Estate Assets, Real Estate Related
Loans or any other asset.

 

“Joinder”
means the form of Joinder to this Agreement, attached hereto as Exhibit A.

 

“Joint
Ventures” means the joint venture or partnership or other similar arrangements (other than between the Company and
the Operating Partnership) in which the Company or the Operating Partnership or any of their subsidiaries is a co-venturer, limited
liability company member, limited partner or general partner, which are established to acquire or hold Investments.

 

“Listing”
means the listing of the Common Stock on a national securities exchange.

 

“Loans”
means any indebtedness or obligations in respect of borrowed money or evidenced by bonds, notes, debentures, deeds of trust, letters
of credit or similar instruments, including mortgages and mezzanine loans.

 

“Local
Entity” means a wholly owned subsidiary of the Operating Partnership or Joint Venture controlled by the Operating
Partnership created in respect of a Foreign Investment and listed on Appendix A attached hereto, as such Appendix shall be updated
from time to time by the Advisor. Updates to Appendix A shall not require the consent or approval of the other parties hereto.

 

“Management
Agreement” means the Property Management and Leasing Agreement, dated as of [_______________], among the Company,
the Operating Partnership and American Realty Capital Global II Properties, LLC, as the same may be amended from time to time.

 

“Market
Check” means an analysis comparing (a) the amount of Insourced Acquisition Expenses reimbursed in the previous calendar
year to the Advisor or any of its Affiliates with (b) the projected amount of Acquisition Expenses for the following calendar year
assuming that a Person other than the Advisor or its Affiliates performs substantially similar services for a substantially similar
amount of Investments.

 

    	5

    	 

    

 

“NASAA
REIT Guidelines” means the Statement of Policy Regarding Real Estate Investment Trusts as revised and adopted by
the North American Securities Administrators Association on May 7, 2007, as the same may be amended from time to time.

 

“NAV”
means the Company’s net asset value, calculated pursuant to the Valuation Guidelines.

 

“NAV Pricing
Start Date” means the first date on which the Company calculates NAV as set forth in the Articles of Incorporation.

 

“Net Income”
means, for any period, the Company’s total revenues applicable to such period, less the total expenses applicable to such
period other than additions to reserves for depreciation, bad debts, impairments or other similar non-cash reserves and excluding
any gain from the sale of the Company’s assets.

 

“Notice”
has the meaning set forth in Section 24.

 

“Offering”
means any public offering and sale of Shares (other than a dividend reinvestment plan) pursuant to an effective registration statement
filed under the Securities Act.

 

“Operating
Partnership” has the meaning set forth in the preamble.

 

“Operating
Partnership Agreement” means the Agreement of Limited Partnership of the Operating Partnership, dated as of [_________],
2014, among the Company, American Realty Capital Trust Global II Special Limited Partnership, LLC, and the Advisor, as the same
may be amended from time to time.

 

“OP Units”
means units of limited partnership interest in the Operating Partnership.

 

“Organization
and Offering Expenses” means all expenses (other than the Selling Commission and the Dealer Manager Fee) to be paid
by the Company in connection with an Offering, including legal, accounting, printing, mailing and filing fees, charges of the escrow
holder and transfer agent, charges of the Advisor for administrative services related to the issuance of Shares in an Offering,
reimbursement of the Advisor for costs in connection with preparing supplemental sales materials, the cost of bona fide training
and education meetings held by the Company (primarily the travel, meal and lodging costs of the registered representatives of broker-dealers),
attendance and sponsorship fees and cost reimbursement for employees of the Company’s Affiliates to attend retail seminars
conducted by broker-dealers and, in special cases, reimbursement to soliciting broker-dealers for technology costs associated with
an Offering, costs and expenses related to such technology costs, and costs and expenses associated with facilitation of the marketing
of the Shares and the ownership of Shares by such broker-dealer’s’ customers.

 

“Person”
has the meaning set forth in the Articles of Incorporation.

 

“Primary
Offering” means the portion of an Offering other than the Shares offered pursuant to the Company’s distribution
reinvestment plan.

 

    	6

    	 

    

 

“Property
Manager” means (i) with respect to any Investment that is not a Foreign Investment, American Realty Capital Global
II Properties, LLC, and (ii) with respect to any Foreign Investment, an entity that has been retained to perform and carry out
property-management services, excluding Persons retained or hired to perform facility management or other services or tasks at
a particular Property, the costs for which are passed through to and ultimately paid by the tenant at such Property.

 

“Prospectus”
means a final prospectus of the Company filed pursuant to Rule 424(b) of the Securities Act, as the same may be amended or supplemented
from time to time.

 

“Real Estate
Assets” means any investment by the Company or the Operating Partnership in unimproved and improved Real Property
(including fee or leasehold interests, options and leases), directly or indirecty, through one or more subsidiaries or through
a Joint Venture.

 

“Real Estate
Commission” means the fees payable to the Advisor pursuant to Section 11(b).

 

“Real Estate
Related Loans” means any investments in mortgage loans and other types of real estate related debt financing, including,
mezzanine loans, bridge loans, convertible mortgages, wraparound mortgage loans, construction mortgage loans, loans on leasehold
interests and participations in such loans, by the Company or the Operating Partnership, directly or indirectly, through one or
more subsidiaries or through a Joint Venture.

 

“Real Property”
means (i) land, (ii) rights in land (including leasehold interests), and (iii) any buildings, structures, improvements, furnishings,
fixtures and equipment located on or used in connection with land and rights or interests in land.

 

“Registration
Statement” means the Company’s registration statement on Form S-11 (File No. 333-196549) and the prospectus
contained therein.

 

“REIT”
means a corporation, trust, association or other legal entity (other than a real estate syndication) that is engaged primarily
in investing in equity interests in real estate (including fee ownership and leasehold interests) or in loans secured by real estate
or both, as defined pursuant to Sections 856 through 860 of the Code and any successor or other provisions of the Code relating
to real estate investment trusts (including provisions as to the attribution of ownership of beneficial interests therein) and
the regulations promulgated thereunder.

 

    	7

    	 

    

 

“Sale”
or “Sales” means any transaction or series of transactions whereby: (i) the Company or the Operating
Partnership directly or indirectly (except as described in other subsections of this definition) sells, grants, transfers, conveys,
or relinquishes its direct or indirect ownership of any Real Estate Assets, Loan or other Investment or portion thereof, including
the lease of any Real Estate Assets consisting of a building only, and including any event with respect to any Real Estate Assets
that gives rise to a significant amount of insurance proceeds or condemnation awards; (ii) the Company or the Operating Partnership
directly or indirectly (except as described in other subsections of this definition) sells, grants, transfers, conveys, or relinquishes
its ownership of all or substantially all the direct or indirect interest of the Company or the Operating Partnership in any Joint
Venture in which it is a co-venturer, member or partner; (iii) any Joint Venture directly or indirectly (except as described in
other subsections of this definition) in which the Company or the Operating Partnership as a co-venturer, member or partner sells,
grants, transfers, conveys, or relinquishes its direct or indirect ownership of any Real Estate Assets or portion thereof, including
any event with respect to any Real Estate Assets which gives rise to insurance claims or condemnation awards; or (iv) the Company
or the Operating Partnership directly or indirectly (except as described in other subsections of this definition) sells, grants,
conveys or relinquishes its direct or indirect interest in any Real Estate Related Loans or portion thereof (including with respect
to any Real Estate Related Loan, all payments thereunder or in satisfaction thereof other than regularly scheduled interest payments)
and any event which gives rise to a significant amount of insurance proceeds or similar awards; or (v) the Company or the Operating
Partnership directly or indirectly (except as described in other subsections of this definition) sells, grants, transfers, conveys,
or relinquishes its direct or indirect ownership of any other asset not previously described in this definition or any portion
thereof, but not including any transaction or series of transactions specified in clauses (i) through (v) above in which the proceeds
of such transaction or series of transactions are reinvested by the Company in one or more assets within 180 days thereafter.

 

“Securities
Act” means the Securities Act of 1933, as amended from time to time, or any successor statute thereto. Reference
to any provision of the Securities Act shall mean such provision as in effect from time to time, as the same may be amended, and
any successor provision thereto, as interpreted by any applicable regulations as in effect from time to time.

 

“Selling
Commission” means the fee payable to the Dealer Manager and reallowable to Soliciting Dealers with respect to Shares
sold by them in a Primary Offering.

 

“Service
Provider” means, with respect to a Foreign Investment, an entity or entities selected by the Advisor pursuant to
a service provider agreement, in which the entity agrees to perform certain duties of the Advisor as set forth in this Agreement,
including acquisition and management responsibilities, seeking and procuring financing for the Company’s properties, selecting
and negotiating investments, including property purchases and leasebacks, and providing asset management services. The Advisor
shall assign a percentage of the fees payable under this Agreement to such entities pursuant to such service provider agreement.
Notwithstanding delegation of responsibilities to the Service Provider, the Advisor shall retain ultimate responsibility for the
performance of all the matters entrusted to it pursuant to this Agreement.

 

“Shares”
means the shares of beneficial interest or of common stock of the Company of any class or series, including Common Stock, that
has the right to elect the Directors of the Company.

 

“Soliciting
Dealers” means broker-dealers that are members of FINRA, or that are exempt from broker-dealer registration, and
that, in either case, have executed soliciting dealer or other agreements with the Dealer Manager to sell Shares.

 

“Sponsor”
means AR Capital Global Holdings, LLC, a Delaware limited liability company.

 

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“Stockholders”
means the holders of record of the Shares as maintained on the books and records of the Company or its transfer agent.

 

“Subordinated
Participation Interest” means a profits interest in the Operating Partnership designated as a Class B Unit in accordance
with the terms of the Operating Partnership Agreement.

 

“Termination
Date” means the date of termination of this Agreement.

 

“Total
Operating Expenses” has the meaning ascribed to this term in the Articles of Incorporation.

 

“Total
Return to Stockholders” means receipt by Stockholders of an annual cumulative, pre-tax, non compounded return on
the capital contributed by Stockholders in excess of a return of capital contributions to Stockholders.

 

“Valuation
Guidelines” means the valuation guidelines adopted by the Board, as may be amended from time to time.

 

“2%/25%
Guidelines” means the greater of 2% of Average Invested Assets or 25% of Net Income.

 

2.          APPOINTMENT.
The Company and the Operating Partnership hereby appoint the Advisor to serve as their advisor to perform the services set
forth herein on the terms and subject to the conditions set forth in this Agreement and subject to the supervision of the Board,
and the Advisor hereby accepts such appointment.

 

3.          DUTIES
OF THE ADVISOR. The Advisor will use its reasonable best efforts to present to the Company and the Operating Partnership potential
investment opportunities and to provide a continuing and suitable investment program consistent with the investment objectives
and policies of the Company as determined and adopted from time to time by the Board. In performance of this undertaking, subject
to the supervision of the Board and consistent with the provisions of the Articles of Incorporation, By-laws and the Operating
Partnership Agreement, the Advisor, directly or indirectly, will:

 

(a)          serve
as the Company’s and the Operating Partnership’s advisor;

 

(b)          provide
the daily management for the Company and the Operating Partnership and perform and supervise the various administrative functions
necessary for the day-to-day management of the operations of the Company and the Operating Partnership;

 

(c)          investigate,
select and, on behalf of the Company and the Operating Partnership, engage in and conduct business with and supervise the performance
of such Persons as the Advisor deems necessary for the proper performance of its obligations hereunder (including consultants,
accountants, correspondents, lenders, technical advisors, attorneys, brokers, underwriters, corporate fiduciaries, escrow agents,
depositaries, custodians, agents for collection, insurers, insurance agents, banks, builders, developers, property owners, property
managers, real estate management companies, real estate operating companies, securities investment advisors, mortgagors, the registrar
and the transfer agent and any and all agents for any of the foregoing), including Affiliates of the Advisor, any Service Provider
or Affiliates thereof and Persons acting in any other capacity deemed by the Advisor necessary or desirable for the performance
of any of the foregoing services (including entering into contracts in the name of the Company and the Operating Partnership with
any of the foregoing);

 

    	9

    	 

    

 

(d)          consult
with the officers and Directors of the Company and assist the Directors in the formulation and implementation of the Company’s
financial policies, and, as necessary, furnish the Board with advice and recommendations with respect to the making of Investments
consistent with the investment objectives and policies of the Company and in connection with any borrowings proposed to be undertaken
by the Company or the Operating Partnership;

 

(e)          subject
to the provisions of Section 5, (i) participate in formulating an investment strategy and asset allocation framework; (ii)
locate, analyze and select potential Investments; (iii) structure and negotiate the terms and conditions of transactions pursuant
to which acquisitions and dispositions of Investments will be made; (iv) research, identify, review and recommend acquisitions
and dispositions of Investments to the Board and make Investments on behalf of the Company and the Operating Partnership in compliance
with the investment objectives and policies of the Company; (v) arrange for financing and refinancing and make other changes in
the asset or capital structure of, and dispose of, reinvest the proceeds from the sale of, or otherwise deal with, Investments;
(vi) enter into leases and service contracts for Real Estate Assets and, to the extent necessary, perform all other operational
functions for the maintenance and administration of such Real Estate Assets; (vii) actively oversee and manage Investments for
purposes of meeting the Company’s investment objectives and reviewing and analyzing financial information for each of the
Investments and the overall portfolio; (viii) select Joint Venture partners, structure corresponding agreements and oversee and
monitor these relationships; (ix) with respect to Foreign Investments, select a Service Provider to seek and procure financing
for the Company’s properties, select and negotiate investments, including property purchases and leasebacks, and provide
asset management services to oversee, supervise and evaluate Affiliated and non-Affiliated property managers who perform services
for the Company or the Operating Partnership; (x) oversee Affiliated and non-Affiliated Persons with whom the Advisor contracts
to perform certain of the services required to be performed under this Agreement; (xi) manage accounting and other record-keeping
functions for the Company and the Operating Partnership, including reviewing and analyzing the capital and operating budgets for
the Real Estate Assets and generating an annual budget for the Company; (xii) recommend various liquidity events to the Board when
appropriate; and (xiii) source Real Estate Related Loans;

 

(f)      
    upon request, provide the Board with periodic reports regarding prospective investments;

 

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(g)          make
investments in, and dispositions of, Investments within the discretionary limits and authority as granted by the Board;

 

(h)          negotiate
on behalf of the Company and the Operating Partnership with banks or other lenders for Loans to be made to the Company, the Operating
Partnership or any of their subsidiaries, and negotiate with investment banking firms and broker-dealers on behalf of the Company,
the Operating Partnership or any of their subsidiaries, or negotiate private sales of Shares or obtain Loans for the Company, the
Operating Partnership or any of their subsidiaries, but in no event in such a manner so that the Advisor shall be acting as broker-dealer
or underwriter; provided, however, that any fees and costs payable to third parties incurred by the Advisor in connection
with the foregoing shall be the responsibility of the Company, the Operating Partnership or any of their subsidiaries, as applicable;

 

(i)      
    obtain reports (which may, but are not required to, be prepared by the Advisor or its Affiliates),
where appropriate, concerning the value of Investments or contemplated investments of the Company and the Operating
Partnership;

 

(j)        
  from time to time, or at any time reasonably requested by the Board, make reports to the Board of the
Advisor’s performance of services to the Company and the Operating Partnership under this Agreement, including reports
with respect to potential conflicts of interest involving the Advisor or any of its Affiliates;

 

(k)          provide,
or arrange for, the Company and the Operating Partnership with all necessary cash management services;

 

(l)        
  deliver to, or maintain on behalf of, the Company copies of all appraisals obtained in connection with the
investments in any Real Estate Assets as may be required to be obtained by the Board;

 

(m)         notify
the Board of all proposed material transactions before they are completed;

 

(n)          effect
any private placement of OP Units, tenancy-in-common (TIC) or other interests in Investments as may be approved by the Board;

 

(o)          perform
investor-relations and Stockholder communications functions for the Company;

 

(p)          maintain
the Company’s accounting and other records and assist the Company in filing all reports required to be filed by it with the
Securities and Exchange Commission, the Internal Revenue Service and other regulatory agencies;

 

(q)          after
the NAV Pricing Start Date, calculate the NAV as provided in the Registration Statement, and in connection therewith, obtain appraisals
performed by the Independent Valuation Advisor; and

 

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(r)       
   supervise one or more Independent Valuation Advisor and, if and when necessary, recommend to the Board
replacement valuation advisors;

 

(s)          perform
all services related to the organization of the Company or any Offering or private sale of the Company’s securities, other
than services that (i) are to be performed by the Dealer Manager, (ii) the Company elects to perform directly or (iii) would require
the Advisor to register as a broker-dealer with the Securities and Exchange Commission or any state;

 

(t)       
   perform due diligence on prospective investments and create due diligence reports summarizing the results
of such work;

 

(u)          render
such services as may be reasonably determined by the Board of Directors consistent with the terms and conditions herein; and

 

(v)      
  do all things reasonably necessary to assure its ability to render the services described in this
Agreement.

 

4.          ASSET
MANAGEMENT SERVICES. The Advisor shall, or shall retain other Persons to provide, but shall remain responsible to the Company:

 

(a)          Accounting
and Other Administrative Services:

 

(i)          From
time to time, or at any time reasonably requested by the Board, make reports to the Board on the Advisor’s performance of
services to the Company and the Operating Partnership under this Agreement;

 

(ii)         Make
reports to the Independent Directors each quarter of the investments that have been made by other programs sponsored by the Advisor
or any of its Affiliates, as well as any investments that have been made by the Advisor or any of its Affiliates directly, in each
case to the extent such investments constitute a conflict of interest or a potential conflict of interest with the investment policies
and objectives of the Company;

 

(iii)        Manage
and coordinate with the transfer agent the monthly distributions process and payments to Stockholders;

 

(iv)        Consult
with the Company’s officers and the Board and assist the Board in evaluating and obtaining adequate insurance coverage based
upon risk management determinations;

 

(v)         Provide
the Company’s officers and the Board with timely updates related to the overall regulatory environment affecting the Company,
as well as managing compliance with such matters, including compliance with the Sarbanes-Oxley Act of 2002;

 

    	12

    	 

    

 

(vi)        Consult
with the Company’s officers and the Board relating to the corporate governance structure and appropriate policies and procedures
related thereto;

 

(vii)       Perform
all reporting, record keeping, internal controls and similar matters in a manner to allow the Company to comply with applicable
law, including federal and state securities laws and the Sarbanes-Oxley Act of 2002;

 

(viii)      Notwithstanding
the foregoing or anything else that may be to the contrary in this Agreement, the Advisor may delegate any of the foregoing duties
to any Person so long as the Advisor or its Affiliate remains responsible for the performance of the duties set forth in this Section
4.

 

5.          AUTHORITY
OF THE ADVISOR.

 

(a)          Pursuant
to the terms of this Agreement (including the restrictions included in this Section 5 and in Section 10), and subject
to the continuing and exclusive authority of the Board over the supervision of the Company, the Company, acting on the authority
of the Board of Directors, hereby delegates to the Advisor the authority to perform the services described in Section 3.

 

(b)          Notwithstanding
anything herein to the contrary, all Investments will require the prior approval of the Board, any particular Directors specified
by the Board or any committee of the Board specified by the Board, as the case may be.

 

(c)          If
a transaction requires approval by the Independent Directors, the Advisor will deliver to the Independent Directors all documents
and other information reasonably required by them to evaluate the proposed transaction.

 

(d)          The
Board may, at any time upon the giving of Notice to the Advisor, modify or revoke the authority set forth in this Section 5;
provided, however, that such modification or revocation shall be effective upon receipt by the Advisor and shall
not be applicable to investment transactions to which the Advisor has committed the Company or the Operating Partnership prior
to the date of receipt by the Advisor of such notification.

 

6.          FIDUCIARY
RELATIONSHIP. The Advisor, as a result of its relationship with the Company and the Operating Partnership pursuant to this
Agreement, has a fiduciary responsibility and duty to the Company and its Stockholders.

 

7.          NO
PARTNERSHIP OR JOINT VENTURE. Except as provided in Section 11(g), the parties to this Agreement are not partners
or joint venturers with each other and nothing herein shall be construed to make them partners or joint venturers or impose any
liability as such on either of them.

 

8.          BANK
ACCOUNTS. The Advisor may establish and maintain one or more bank accounts in the name of the Company or the Operating Partnership
and may collect and deposit into any such account or accounts, and disburse from any such account or accounts, any money on behalf
of the Company or the Operating Partnership, under such terms and conditions as the Board may approve, provided that no funds shall
be commingled with the funds of the Advisor; and, upon request, the Advisor shall render appropriate accountings of such collections
and payments to the Board and to the auditors of the Company.

 

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9.          RECORDS;
ACCESS. The Advisor shall maintain appropriate records of all its activities hereunder and make such records available for
inspection by the Directors and by counsel, auditors and authorized agents of the Company, at any time and from time to time. The
Advisor shall at all reasonable times have access to the books and records of the Company and the Operating Partnership.

 

10.         LIMITATIONS
ON ACTIVITIES. Notwithstanding anything herein to the contrary, the Advisor shall refrain from taking any action which, in
its sole judgment, or in the sole judgment of the Company, made in good faith, would (a) adversely affect the status of the Company
as a REIT, unless the Board has determined that REIT qualification is not in the best interests of the Company and its Stockholders,
(b) subject the Company to regulation under the Investment Company Act of 1940, as amended, or (c) violate any law, rule, regulation
or statement of policy of any governmental body or agency having jurisdiction over the Company, the Operating Partnership or the
Shares, or otherwise not be permitted by the Articles of Incorporation or By-laws, except if such action shall be ordered by the
Board, in which case the Advisor shall notify promptly the Board of the Advisor’s judgment of the potential impact of such
action and shall refrain from taking such action until it receives further clarification or instructions from the Board. In such
event, the Advisor shall have no liability to the Company for acting in accordance with the specific instructions of the Board
so given.

 

11.         FEES.

 

(a)          Acquisition
Fee. Subject to Section 12(b), the Company shall pay an Acquisition Fee to the Advisor or its assigns as compensation
for services rendered in connection with the investigation, selection and acquisition (by purchase, investment or exchange) of
each Investment. If the Advisor is terminated without Cause pursuant to Section 18(b)(1), the Advisor or its assigns shall be entitled
to an Acquisition Fee for any Investments acquired after the Termination Date for which a contract to acquire the applicable Investment
had been entered into at or prior to the Termination Date. The total Acquisition Fee payable to the Advisor or its assigns shall
be equal to 1.5% of (1) the Contract Purchase Price of each Investment and (2) the amount advanced for a Loan or other investment.
The purchase price allocable for an Investment held through a Joint Venture shall equal the product of (i) the Contract Purchase
Price of the Investment, multiplied by (ii) the direct or indirect ownership percentage in the Joint Venture held directly or indirectly
by the Company or the Operating Partnership. For purposes of this Section 11(a), “ownership percentage” shall
be the percentage of capital stock, membership interests, partnership interests or other equity interests owned directly or indirectly
by the Company or the Operating Partnership, without regard to classification of such equity interests. The Company shall pay any
Acquisition Fee due hereunder promptly upon the closing of the Investment. In addition, if during the period ending two years after
the close of the initial Primary Offering, the Company sells an Investment and then reinvests the net proceeds in a new Investment(s),
the Company shall pay to the Advisor or its assigns 1.0% of the Contract Purchase Price of the new Investment(s).

 

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(b)          Real
Estate Commission. In connection with a Sale of a Real Estate Asset in which the Advisor or any Affiliate or agent of the
Advisor including a Service Provider provides a substantial amount of assistance, as determined by the Independent Directors, the
Company shall pay to the Advisor or its assigns, in the aggregate, a Real Estate Commission up to the lesser of (i) 2.0% of the
Contract Sales Price of the Real Estate Asset or (ii) one-half of the Competitive Real Estate Commission paid if an unaffiliated
third party broker is also involved; provided, however, that in no event may the Real Estate Commission paid to the
Advisor, its Affiliates and agents (including a Service Provider) and to an unaffiliated third party exceed the lesser of 6.0%
of the Contract Sales Price and a Competitive Real Estate Commission.

 

(c)          Financing
Coordination Fee. If the Advisor or its assigns provide services in connection with the origination or refinancing of any
Loan the Company or the Operating Partnership directly or indirectly obtains, including any assumed Loan, the Company shall pay
a Financing Coordination Fee to the Advisor or its assigns in an amount equal to 0.75% of the amount available or outstanding under
any such Loan, including any assumed Loan. The Advisor and its assigns may reallow some of or all this Financing Coordination Fee
to reimburse third parties with whom it may subcontract to procure any such Loan.

 

(d)          Annual
Subordinated Performance Fee. The Company shall pay the Advisor or its assigns an Annual Subordinated Performance Fee payable
in any year equal to 15% of the amount that the Total Return to Stockholders exceeds 6% per annum, provided, that in no event may
the Annual Subordinated Performance Fee exceed 10% of the aggregate Total Return to Stockholders for the applicable year.

 

(e)          Payment
of Fees. The Company shall pay, or cause the Operating Partnership to pay any fees due the Advisor or its assigns under
Section 11(a), (b), (c) or (d) hereof, at the Advisor’s or the assign’s option in cash,
Shares or OP Units or any combination thereof. For the purposes of the payment of any fees in Shares or OP Units, (i) if during
an Offering, (a) prior to the NAV Pricing Start Date, each Share or OP Unit shall be valued at the per-share offering price of
the Shares in the applicable Offering minus the maximum Selling Commissions and Dealer Manager Fee payable in the applicable Offering,
and (b) after the NAV Pricing Start Date, each Share or OP Unit shall be valued at the then-current NAV per Share; and (ii) at
all other times, each Share or OP Unit shall be equal in value to (A) at the estimated value of the Shares, calculated in accordance
with the Valuation Guidelines, or (B) if the Shares are listed on a national securities exchange (as defined in the Exchange Act),
the average closing price of the Shares for the _____ trading days prior to the payment of the fee.

 

(f)          Exclusion
of Certain Transactions.

 

(i)          If
the Company or the Operating Partnership enters into any transaction in which the Advisor, any Affiliate or any of the Advisor’s
directors or officers has a direct or indirect interest, then such transaction shall be approved by a majority of the Board not
otherwise interested in such transaction, including a majority of the Independent Directors.

 

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(ii)         Neither
the Company nor the Operating Partnership shall make loans to the Advisor or any Affiliate thereof or any officers of the Company
or Directors except as permitted by the Articles of Incorporation. Neither the Advisor, any Affiliate thereof, nor any officers
or Directors of the Company, shall make loans to the Company or the Operating Partnership, or to Joint Ventures, unless approved
by a majority of the Directors (including a majority of the Independent Directors) not otherwise interested in such transaction
as fair, competitive, and commercially reasonable, and no less favorable to the Company or Operating Partnership, as applicable,
than comparable loans between unaffiliated parties, as determined by the Independent Directors in their sole discretion; provided,
however, that the waiver or deferral of any fee or reimbursement due the Advisor or any Affiliate hereunder shall not be treated
as a loan for the purposes of this Section 11(f)(ii).

 

(iii)        The
Company and the Operating Partnership may enter into Joint Ventures with the Advisor or its Affiliates provided that (a) a majority
of Directors (including a majority of Independent Directors) not otherwise interested in the transaction approves the transaction
as being fair and reasonable to the Company or Operating Partnership, as applicable, and (b) the investment by the Company or Operating
Partnership, as applicable, is on substantially the same terms as those received by other joint venturers, as determined by the
Independent Directors in their sole discretion.

 

(iv)        If
the Board elects to internalize any management services provided by the Advisor, neither the Company nor the Operating Partnership
shall pay any compensation or other remuneration to the Advisor or its Affiliates in connection with such internalization of management
services.

 

(g)          Subordinated
Participation Interests. The Company shall cause the Operating Partnership to periodically issue Subordinated Participation
Interests in the Operating Partnership to the Advisor or its assigns, pursuant to the terms and conditions contained in the Operating
Partnership Agreement.

 

12.         EXPENSES.

 

(a)          In
addition to the compensation paid to the Advisor pursuant to Section 11 and subject to the limitations set forth herein,
the Company or the Operating Partnership shall pay directly or reimburse the Advisor, or any Affiliates or assigns for all the
expenses paid or incurred by the Advisor, or any Affiliates or assigns thereof in connection with the services provided to the
Company and the Operating Partnership pursuant to this Agreement, including, the following:

 

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(i)          Organization
and Offering Expenses, including third-party due diligence fees related to the Primary Offering, as set forth in detailed and itemized
invoices; provided, however, that the Company shall not make any reimbursement under this Section 12(a)(i) to the
extent reimbursement would cause the total amount of Organization and Offering Expenses paid by the Company and the Operating Partnership
to exceed 2.0% of the Gross Proceeds raised in all Primary Offerings;

 

(ii)         Acquisition
Expenses, including, but not limited to, up to 0.10% of the Contract Purchase Price of an Investment for legal expenses incurred
by the Advisor, or any Affiliates or assigns thereof in connection with the selection, evaluation and acquisition of an Investment;

 

(iii)        the
actual cost of goods and services used by the Company and obtained from entities not Affiliated with the Advisor;

 

(iv)        interest
and other costs for Loans, including discounts, points and other similar fees;

 

(v)         taxes
and assessments on income of the Company, its subsidiaries or its Investments;

 

(vi)        costs
associated with any insurance;

 

(vii)       expenses
of managing, operating and disposing of Investments;

 

(viii)      all
expenses in connection with payments to the Directors for attending meetings of the Board and Stockholders;

 

(ix)         expenses
associated with a Listing or any other liquidity event such as a merger or the sale of all or substantially all of the Investments;

 

(x)          expenses
of paying dividends or Distributions;

 

(xi)         expenses
of organizing, revising, amending, converting, modifying or terminating the Company, the Operating Partnership or any subsidiary
thereof or the Articles of Incorporation, By-laws or governing documents of the Company, the Operating Partnership or any subsidiary
of the Company or the Operating Partnership;

 

(xii)        expenses
of Stockholder communications including the cost of preparing, printing, and mailing annual reports and other Stockholder reports,
proxy statements and reports required by governmental entities;

 

(xiii)       administrative
service expenses, including the reasonable salaries and wages, benefits and overhead of all directly involved in the performance
of services by persons employed by the Advisor, or any Affiliate or assign; provided, however, that no reimbursement
shall be made with respect to salaries, bonuses or benefits of any person who performs services for which the Company pays a separate
fee hereunder; provided further that the Company shall not reimburse the Advisor, or any Affiliates or assigns for the salaries,
bonuses or benefits paid by any of these entities to persons serving as the Company’s executive officers; and

 

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(xiv)      audit,
accounting and legal fees.

 

(b)          Limitation
on Total Acquisition Fees, Financing Coordination Fees, Acquisition Expenses and Insourced Acquisition Expenses.

 

(i)          The
total of all Acquisition Fees and Financing Coordination Fees payable hereunder as well as Acquisition Expenses reimbursable hereunder,
if any, shall be reasonable and shall not exceed an amount equal to 4.5% of (A) the Contract Purchase Price of the Company’s
total portfolio of Investments and (B) the amount advanced for each Loan or other investment; provided, however,
that once all the net proceeds from the initial Primary Offering have been invested, the total of all Acquisition Fees and Financing
Coordination Fees on future Investments and reinvestments shall not exceed 2.0% of the Contract Purchase Price of the new Investment.

 

(c)          Limitation
on Insourced Acquisition Expenses.

 

(i)          Notwithstanding
anything to the contrary herein, the total of all Insourced Acquisition Expenses to be reimbursed by the Company for any calendar
year (other than the legal expenses described in Section 12(a)(ii) above) shall not exceed 0.50% of (A) the Contract Purchase Price
of the Investments acquired during such period and (B) of the amounts advanced for any Loan or other investment made during such
period (to be prorated for any partial calendar year); provided, however, that within a reasonable period of time
following the end of each calendar year, the Company shall perform a Market Check and provide the results thereof to the Advisor
within a reasonable period of time. If the amount of Acquisition Expenses projected in the Market Check that would be incurred
if substantially similar services with respect to a substantially similar amount of properties were to be provided by a Person
other than the Advisor, or any Affiliates or assigns during the subsequent calendar year is lower than the amount of Insourced
Acquisition Expenses paid to the Advisor or its Affiliates during the previous calendar year, then either (A) the Advisor shall
reduce the cap on the Insourced Acquisition Expenses until the next Market Check such that the cap on Insourced Acquisition Expenses
does not exceed the projected amount of Acquisition Expenses projected by the Market Check or (B) the Company may outsource to
a Person other than the Advisor, its Affiliate certain services previously provided by the Advisor or its Affiliates until the
next Market Check.

 

(d)          Subject
to Section 14 hereof, commencing upon the earlier to occur of (i) the fifth fiscal quarter after the Company makes its first
Investment and (ii) six (6) months after the commencement of the initial Primary Offering, the Company shall reimburse no less
than monthly, all expenses incurred by the Advisor, or any of its Affiliates or assigns on behalf of the Company and the Operating
Partnership or any of their subsidiaries in connection with the services provided hereunder.

 

    	18

    	 

    

 

13.         OTHER
SERVICES. If the Board requests the Advisor or any director, officer or employee thereof to render services for the Company
and the Operating Partnership other than those set forth in Section 3, such services shall be separately compensated at
such customary rates and in such customary amounts as are agreed upon by the Advisor and the Board, including a majority of the
Independent Directors, subject to the limitations contained in the Articles of Incorporation, and shall not be deemed to be services
pursuant to the terms of this Agreement.

 

14.         REIMBURSEMENT
TO THE ADVISOR. The Company shall not, during any Expense Year, reimburse the Advisor or any of its Affiliates or assigns for
any expenses incurred by any of them to the extent that at the end of any fiscal quarter the Total Operating Expenses incurred
by the Advisor, or any of its Affiliates or assigns exceed, in the aggregate, for the then ended Expense Year, the 2%/25% Guidelines
(the “Excess Amount”). The Advisor and any of its Affiliates or assigns shall repay the Company for any Excess
Amount, or the Company, at its option, may subtract the Excess Amount from the Total Operating Expenses reimbursed during the subsequent
fiscal quarter. Notwithstanding the above. If there is an Excess Amount in any Expense Year and the Independent Directors determine
that such excess was justified based on unusual and nonrecurring factors which they deem sufficient, then the Excess Amount may
be carried over and included in Total Operating Expenses in subsequent Expense Years and reimbursed to the Advisor, or any its
Affiliates or assigns in one or more of such years, provided that the Company sends written disclosure to the Stockholders of such
fact, together with an explanation of the factors the Independent Directors considered in determining that such excess expenses
were justified. Such determination shall also be reflected in the minutes of the meetings of the Board. All figures used in the
foregoing computation shall be determined in accordance with GAAP applied on a consistent basis.

 

15.         OTHER
ACTIVITIES OF THE ADVISOR. Except as set forth in this Section 15, nothing herein contained shall prevent the Advisor
or any of its Affiliates from engaging in or earning fees from other activities, including the rendering of advice to other Persons
(including other REITs) and the management of other programs advised, sponsored or organized by the Sponsor or its Affiliates;
nor shall this Agreement limit or restrict the right of any director, officer, member, partner, employee or stockholder of the
Advisor or any of its Affiliates to engage in or earn fees from any other business or to render services of any kind to any other
Person and earn fees for rendering such services; provided, however, that the Advisor must devote sufficient resources
to the Company’s business to discharge its obligations to the Company under this Agreement. The Advisor may, with respect
to any Investment in which the Company is a participant, also render advice and service to each and every other participant therein,
and earn fees for rendering such advice and service. The Company may enter into Joint Ventures or other similar co-investment arrangements
with certain Persons, and pursuant to the agreements governing such Joint Ventures or arrangements, the Advisor may be engaged
to provide advice and service to such Persons, in which case the Advisor may be paid fees for rendering such advice and service.

 

    	19

    	 

    

 

The Advisor shall report
to the Board the existence of any condition or circumstance, existing or anticipated, of which it has knowledge, which creates
or could create a conflict of interest between the Advisor’s obligations to the Company and its obligations to or its interest
in any other Person. If the Advisor, Director or Affiliates thereof have sponsored other investment programs with similar investment
objectives which have investment funds available at the same time as the Company, the Advisor shall inform the Board of the method
to be applied by the Advisor in allocating investment opportunities among the Company and competing investment entities and shall
provide regular updates to the Board of the investment opportunities provided by the Advisor to competing programs in order for
the Board (including the Independent Directors) to fulfill its duty to ensure that the Advisor and its Affiliates use their reasonable
best efforts to apply such method fairly to the Company.

 

16.         THE
AMERICAN REALTY CAPITAL NAME. The Advisor and its Affiliates have or may have a proprietary interest in the names “American
Realty Capital,” “ARC” and “AR Capital.” The Advisor hereby grants to the Company, to the extent
of any proprietary interest the Advisor may have in any of the names “American Realty Capital,” “ARC” and
“AR Capital,” a non-transferable, non-assignable, non-exclusive, royalty-free right and license to use the names”
American Realty Capital,” “ARC” and “AR Capital” during the term of this Agreement. The Company agrees
that the Advisor and its Affiliates will have the right to approve of any use by the Company of the names “American Realty
Capital,” “ARC” and “AR Capital,” such approval not to be unreasonably withheld or delayed. Accordingly,
and in recognition of this right, if at any time the Company ceases to retain the Advisor or one of its Affiliates to perform advisory
services for the Company, the Company will, promptly after receipt of written request from the Advisor, cease to conduct business
under or use the names “American Realty Capital,” “ARC” and “AR Capital” or any derivative
thereof and the Company shall change its name and the names of any of its subsidiaries to a name that does not contain the names
“American Realty Capital,” “ARC” and “AR Capital” or any other word or words that might, in
the reasonable discretion of the Advisor, be susceptible of indication of some form of relationship between the Company and the
Advisor or any its Affiliates. At such time, the Company will also make any changes to any trademarks, servicemarks or other marks
necessary to remove any references to the words “American Realty Capital,” “ARC” and “AR Capital.”
Consistent with the foregoing, it is specifically recognized that the Advisor or one or more of its Affiliates has in the past
and may in the future organize, sponsor or otherwise permit to exist other investment vehicles (including vehicles for investment
in real estate) and financial and service organizations having any of the names “American Realty Capital,” “ARC”
and “AR Capital” as a part of their name, all without the need for any consent (and without the right to object thereto)
by the Company. Neither the Advisor nor any of its Affiliates makes any representation or warranty, express or implied, with respect
to the names “American Realty Capital,” “ARC” and “AR Capital” licensed hereunder or the use
thereof (including without limitation as to whether the use of the names “American Realty Capital,” “ARC”
and “AR Capital” will be free from infringement of the intellectual property rights of third parties. Notwithstanding
the preceding, the Advisor represents and warrants that it is not aware of any pending claims or litigation or of any claims threatened
in writing regarding the use or ownership of the names “American Realty Capital,” “ARC” and “AR Capital.”

 

17.         TERM
OF AGREEMENT. This Agreement shall continue in force for a period of one year from the date hereof. Thereafter, the term may
be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties.

 

    	20

    	 

    

 

18.         TERMINATION
BY THE PARTIES. This Agreement may be terminated (a) by the Company with Cause upon forty-five (45) days’ prior written
notice or (b) upon sixty (60) days’ prior written notice (i) by the Independent Directors of the Company or the Advisor,
without Cause and without penalty, (ii) by the Advisor for Good Reason, or (iii) by the Advisor upon a Change of Control. The provisions
of Sections 18 and 22 through 25 (inclusive) of this Agreement shall survive any expiration or earlier termination
of this Agreement.

 

19.         ASSIGNMENT.
This Agreement and the rights and obligations hereunder may be assigned by the Advisor to an Affiliate or to one or more Service
Providers with the approval of a majority of the Directors (including a majority of the Independent Directors). The Advisor may
assign any rights to receive fees or other payments under this Agreement to any Person without obtaining the approval of the Directors.
This Agreement shall not be assigned by the Company or the Operating Partnership without the consent of the Advisor, except in
the case of an assignment by the Company or the Operating Partnership to a Person which is a successor to all the assets, rights
and obligations of the Company or the Operating Partnership, and which the Board has determined possess sufficient qualifications
to perform the advisory function for the Company, in which case such successor Person shall be bound hereunder and by the terms
of said assignment in the same manner as the Company or the Operating Partnership, as applicable, is bound by this Agreement.

 

20.         PAYMENTS
TO AND DUTIES OF ADVISOR UPON TERMINATION.

 

(a)          Amounts
Owed. After the Termination Date, the Advisor shall be entitled to receive from the Company or the Operating Partnership
within thirty (30) days after the effective date of such termination all amounts then accrued and owing to the Advisor, subject
to the 2%/25% Guidelines to the extent applicable.

 

(b)          Advisor’s
Duties. The Advisor shall, and shall cause any Affiliate or assigns, promptly upon termination of this Agreement:

 

(i)          pay
over to the Company and the Operating Partnership all money collected and held for the account of the Company, the Operating Partnership
and any of their respective Affiliates pursuant to this Agreement, after deducting any accrued compensation and reimbursement for
its expenses to which it is then entitled;

 

(ii)         deliver
to the Board a full accounting, including a statement showing all payments collected by the Advisor or any of its Affiliates or
assigns and a statement of all money held by any of them, covering the period following the date of the last accounting furnished
to the Board;

 

(iii)        deliver
to the Board all assets, including all Investments, and documents of the Company and the Operating Partnership then in the custody
of the Advisor or any of its Affiliates or assigns; and

 

(iv)        cooperate
with the Company and the Operating Partnership to provide an orderly management transition.

 

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21.         INCORPORATION
OF THE ARTICLES OF INCORPORATION AND THE OPERATING PARTNERSHIP AGREEMENT. To the extent that the Articles of Incorporation
or the Operating Partnership Agreement as in effect on the date hereof impose obligations or restrictions on the Advisor or grant
the Advisor certain rights which are not set forth in this Agreement, the Advisor shall abide by such obligations or restrictions
and such rights shall inure to the benefit of the Advisor with the same force and effect as if they were set forth herein.

 

22.         INDEMNIFICATION
BY THE COMPANY AND THE OPERATING PARTNERSHIP.

 

(a)          The
Company and the Operating Partnership, jointly and severally, shall indemnify and hold harmless the Advisor and its Affiliates,
as well as their respective officers, directors, equity holders, members, partners, stockholders, other equity holders and employees
(collectively, the “Indemnitees,” and each, an “Indemnitee”), from and against all losses,
claims, damages, losses, joint or several, expenses (including reasonable attorneys’ fees and other legal fees and expenses),
judgments, fines, settlements, and other amounts (collectively, “Losses,” and each, a “Loss”)
arising in the performance of their duties hereunder, including reasonable attorneys’ fees, to the extent such Losses are
not fully reimbursed by insurance, and to the extent that such indemnification would not be inconsistent with the laws of the State
of New York, the Articles of Incorporation or the provisions of Section II.G of the NASAA REIT Guidelines. Notwithstanding the
foregoing, the Company and the Operating Partnership shall not provide for indemnification of an Indemnitee for any Loss suffered
by such Indemnitee, nor shall they provide that an Indemnitee be held harmless for any Loss suffered by the Company and the Operating
Partnership, unless all the following conditions are met:

 

(i)          the
Indemnitee has determined, in good faith, that the course of conduct that caused the loss or liability was in the best interest
of the Company and the Operating Partnership;

 

(ii)         the
Indemnitee was acting on behalf of, or performing services for, the Company or the Operating Partnership;

 

(iii)        such
Loss was not the result of negligence or willful misconduct by the Indemnitee; and

 

(iv)        such
indemnification or agreement to hold harmless is recoverable only out of the Company’s net assets and not from the Stockholders.

 

(b)          Notwithstanding
the foregoing, an Indemnitee shall not be indemnified by the Company and the Operating Partnership for any Losses arising from
or out of an alleged violation of federal or state securities laws by such Indemnitee unless one or more of the following conditions
are met:

 

(i)          there
has been a successful adjudication on the merits of each count involving alleged securities law violations as to the Indemnitee;

  

    	22

    	 

    

 

(ii)         such
claims have been dismissed with prejudice on the merits by a court of competent jurisdiction as to the Indemnitee; or

 

(iii)        a
court of competent jurisdiction approves a settlement of the claims against the Indemnitee and finds that indemnification of the
settlement and the related costs should be made, and the court considering the request for indemnification has been advised of
the position of the Securities and Exchange Commission and of the published position of any state securities regulatory authority
in which securities of the Company or the Operating Partnership were offered or sold as to indemnification for violation of securities
laws.

 

(c)          In
addition, the advancement of the Company’s or the Operating Partnership’s funds to an Indemnitee for legal expenses
and other costs incurred as a result of any legal action for which indemnification is being sought is permissible only if all the
following conditions are satisfied:

 

(i)          the
legal action relates to acts or omissions with respect to the performance of duties or services on behalf of the Company or the
Operating Partnership;

 

(ii)         the
legal action is initiated by a third party who is not a Stockholder or the legal action is initiated by a Stockholder acting in
such Stockholder’s capacity as such and a court of competent jurisdiction specifically approves such advancement; and

 

(iii)        the
Indemnitee undertakes to repay the advanced funds to the Company or the Operating Partnership, together with the applicable legal
rate of interest thereon, in cases in which such Indemnitee is found not to be entitled to indemnification.

 

23.         INDEMNIFICATION
BY ADVISOR. The Advisor shall indemnify and hold harmless the Company, the Operating Partnership and any of their respective
Affiliates from Losses, including reasonable attorneys’ fees, to the extent that such Losses are not fully reimbursed by
insurance and are incurred by reason of the Advisor’s bad faith, fraud, willful misfeasance, intentional misconduct, gross
negligence or reckless disregard of its duties; provided, however, that the Advisor shall not be held responsible
for any action of the Board in following or declining to follow any advice or recommendation given by the Advisor.

 

24.         NOTICES.
Any notice, report or other communication (each a “Notice”) required or permitted to be given hereunder shall
be in writing unless some other method of giving such Notice is required by the Articles of Incorporation, the By-laws, and shall
be given by being delivered by hand, by courier or overnight carrier or by registered or certified mail to the addresses set forth
below:

 

	
        

        To the Company:
	American Realty Capital Global Trust II, Inc.
	 	405 Park Avenue
	 	New York, New York 10022
	 	Attention:      Edward M. Weil, Jr.

 

    	23

    	 

    

 

	 	with a copy to:
	 	 
	 	James Tanaka, Esq.
	 	405 Park Avenue
	 	New York, New York 10022
	 	 
	To the Operating Partnership:	American Realty Capital Global II Operating 
	 	Partnership, L.P.
	 	405 Park Avenue
	 	New York, New York 10022
	 	Attention:      Edward M. Weil, Jr.
	 	 
	 	with a copy to:
	 	 
	 	James Tanaka, Esq.
	 	405 Park Avenue
	 	New York, New York 10022
	 	 
	To the Advisor:	American Realty Capital Global II Advisors, LLC
	 	405 Park Avenue
	 	New York, New York 10022
		Attention:      Edward M. Weil, Jr.
	 	 
	 	with a copy to:
	 	 
	 	James Tanaka, Esq.
	 	405 Park Avenue
	 	New York, New York 10022

 

Any party may at any time give Notice in
writing to the other parties of a change in its address for the purposes of this Section 24.

 

25.         MODIFICATION.
This Agreement shall not be amended, supplemented, terminated, or discharged, in whole or in part, except by an instrument in writing
signed by the parties hereto, or their respective successors or assigns.

 

26.         SEVERABILITY.
The provisions of this Agreement are independent of and severable from each other, and no provision shall be affected or rendered
invalid or unenforceable by virtue of the fact that for any reason any other or others of them may be invalid or unenforceable
in whole or in part.

 

27.         GOVERNING
LAW. The provisions of this Agreement shall be construed and interpreted in accordance with the internal laws of the State
of New York as at the time in effect, without regard to the principles of conflicts of laws thereof.

 

28.         ENTIRE
AGREEMENT. This Agreement contains the entire agreement and understanding among the parties hereto with respect to the subject
matter hereof, and supersedes all prior and contemporaneous agreements, understandings, inducements and conditions, express or
implied, oral or written, of any nature whatsoever with respect to the subject matter hereof. The express terms hereof control
and supersede any course of performance or usage of the trade inconsistent with any of the terms hereof.

 

    	24

    	 

    

 

29.         NO
WAIVER. Neither the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this
Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege
preclude any other or further exercise of the same or of any other right, remedy, power or privilege, nor shall any waiver of any
right, remedy, power or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege
with respect to any other occurrence. No waiver shall be effective unless it is in writing and is signed by the party asserted
to have granted such waiver.

 

30.         PRONOUNS
AND PLURALS. Whenever the context may require, any pronoun used in this Agreement shall include the corresponding masculine,
feminine or neuter forms, and the singular form of nouns, pronouns and verbs shall include the plural and vice versa.

 

31.         HEADINGS.
The titles of sections and subsections contained in this Agreement are for convenience only, and they neither form a part of this
Agreement nor are they to be used in the construction or interpretation hereof.

 

32.         EXECUTION
IN COUNTERPARTS. This Agreement may be executed (including by facsimile transmission) with counterpart signature pages or 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 which shall together constitute one and the same instrument.

 

33.         JOINDER.
Upon the formation of any Local Entity, the Operating Partnership shall cause such Local Entity to, as promptly as practicable,
execute the Joinder in the form attached hereto as Exhibit A.

 

[Remainder of page intentionally left
blank]

 

    	25

    	 

    

 

IN WITNESS WHEREOF,
the undersigned have executed this Agreement as of the date first written above.

 

	
         

        
	AMERICAN REALTY CAPITAL GLOBAL 

TRUST II, INC.
	 	 	 	 
	 	By:	 
	 	 	Nicholas S. Schorsch, Chairman and
	 	 	Chief Executive Officer
	 	 	 	 
	 	AMERICAN REALTY CAPITAL GLOBAL II OPERATING PARTNERSHIP, L.P.
	 	 	 	 
	 	 	American Realty Capital Global Trust II, Inc., its General Partner
	 	 	 	 
	 	 	By:	 
	 	 	 	Nicholas S. Schorsch, Chairman
	 	 	 	and Chief Executive Officer
	 	 
	 	AMERICAN REALTY CAPITAL GLOBAL II ADVISORS, LLC
	 	 	 	 
	 	By:	American Realty Capital Global II Special Limited Parternship, LLC, its Member
	 	 	 
	 	By:	AR Capital Global Holdings, LLC, its Managing Member
	 	 	 	 
	 	 	By:	 
	 	 	 	Nicholas S. Schorsch
	 	 	 	Authorized Signatory

 

[ARC Global II – Advisory Agreement]

 

    	26

    	 

    

 

Appendix A

List of Local Entities

 

    	27

    	 

    

 

Exhibit A

 

Form of Joinder Agreement1

 

The undersigned hereby
agrees, effective as of _________________, to become a party to, to be bound by, and to comply with the provisions of that certain
Advisory Agreement (the “Agreement”) dated as of [____________], 2014, by and among American Realty Capital Global
Trust II, Inc. (the “Company”) and the parties named therein. The address and facsimile number to which notices may
be sent to the undersigned is as follows:

 

[__________]

[__________]

[__________]

 

	
         

        
	By:	 
	 	Name:
	 	Title:

 

1
To be discussed between the Company and the Advisor.

 

    	28

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