Document:

EX-4.2

 Exhibit 4.2 

VEREIT, INC. 

OFFICER’S CERTIFICATE 

The undersigned, Michael J. Bartolotta, Executive Vice President and Chief Financial Officer, of VEREIT, Inc. (“Parent”), a
Maryland corporation, hereby certifies, on behalf of Parent in its own capacity and as sole general partner of VEREIT Operating Partnership, L.P., a Delaware limited partnership (the “Issuer”), pursuant to Sections 2.01 and 2.02 of
the Indenture, dated as of February 6, 2014 (the “Base Indenture”), by and among the Issuer (f/k/a ARC Properties Operating Partnership, L.P.), as Issuer, Parent (f/k/a American Realty Capital Properties, Inc.), as a guarantor,
U.S. Bank National Association, as trustee and the other parties thereto, as follows: 
 1.    The undersigned has read
Sections 2.01 and 2.02 of the Base Indenture and such other sections of the Base Indenture and other documents and has made such other inquiries as he has deemed necessary to make the certifications set forth herein. 

2.    In the opinion of the undersigned, the covenants and conditions precedent provided for in the Base Indenture
relating to the issuance of the Issuer’s 4.625% Senior Notes due 2025 (the “Notes”) have been complied with. 

3.    The forms of the Notes and the guarantee of the Notes by Parent and any future guarantor, and the terms of the
Notes, as set forth in Exhibit A attached to Annex A hereto have been duly established pursuant to Sections 2.01 and 2.02 of the Base Indenture and comply with the Base Indenture. 

[SIGNATURE ON FOLLOWING PAGE] 

 IN WITNESS WHEREOF, the undersigned has caused this certificate to be duly executed as of
this 16th day of October, 2018. 
  

					
	VEREIT OPERATING PARTNERSHIP, L.P., as Issuer
		
	By:	 	VEREIT, Inc., its sole general partner
			
	By:	 	 	 	/s/ Michael J. Bartolotta
		 	Name:	 	Michael J. Bartolotta
		 	Title:	 	Executive Vice President and Chief Financial Officer

  

					
	VEREIT, INC., as Parent and a Guarantor
			
	By:	 	 	 	/s/ Michael J. Bartolotta
		 	Name:	 	Michael J. Bartolotta
		 	Title:	 	Executive Vice President and Chief Financial Officer

  
 [Signature page to
Officer’s Certificate to Indenture] 

 ANNEX A 

Pursuant to Sections 2.01 and 2.02 of the Indenture, dated as of February 6, 2014 (the “Base Indenture”), among
VEREIT Operating Partnership, L.P., a Delaware limited partnership (the “Issuer”) (f/k/a ARC Properties Operating Partnership, L.P.), VEREIT, Inc., a Maryland corporation (“Parent”) (f/k/a American
Realty Capital Properties, Inc.), as a guarantor, U.S. Bank National Association, as trustee (the “Trustee”) and the other parties thereto, the terms of the Notes to be issued pursuant to the Base Indenture are as set forth
below. The Base Indenture together with, and as amended and supplemented by, the Officer’s Certificate (the “Series Officer’s Certificate”), dated as of October 16, 2018, establishing the terms of the Notes and
of which this Annex A forms a part, is referred to herein as the “Indenture”. Certain defined terms are set forth in paragraph 18(k) hereof. Capitalized terms used but not otherwise defined in this Series Officer’s Certificate shall
have the respective meanings assigned to them in the Base Indenture. 
 1.    Designation. One series of
Securities is hereby established under the Base Indenture and shall be known and designated as the “4.625% Senior Notes due 2025”. 

2.    Initial Aggregate Principal Amount. The Notes shall be limited in initial aggregate principal amount
to $550,000,000, except for Notes authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Notes pursuant to Sections 2.05, 2.06, 2.07, 3.03 and 9.04 of the Indenture. 

3.    Maturity. The date on which the principal of the Notes is payable is November 1, 2025 (the
“Stated Maturity Date”). 
 4.    Rate of Interest; Interest Payment Date; Regular Record
Dates. The Notes shall bear interest at the rate of 4.625% per annum until the principal thereof is paid. Such interest shall be payable semiannually in arrears on May 1 and November 1 of each year (each, an “Interest
Payment Date”), commencing on May 1, 2019, to the Persons in whose names the Notes are registered at the close of business on the immediately preceding April 15 or October 15 (each, a “Regular Record
Date”), as the case may be. Interest on the Notes shall accrue from and including the immediately preceding Interest Payment Date in respect of which interest has been paid or duly made available for payment (or from and including the
date of issue, if no interest has been paid or duly made available for payment with respect to the Notes) to, but excluding the applicable Interest Payment Date, the Stated Maturity Date or date of earlier redemption (the Stated Maturity Date or
date of earlier redemption referred to collectively herein as the “Maturity Date”), as the case may be. Interest on the Notes shall be computed on the basis of a 360-day year comprised
of twelve 30-day months. If any Interest Payment Date or the Maturity Date falls on a day that is not a Business Day, the required payment of principal, premium, if any, and/or interest payable on such date
will be made on the next succeeding Business Day as if made on the date such payment was due, and no interest will accrue on such payment for the period from and after such Interest Payment Date or the Maturity Date, as the case may be, to the date
of such payment on the next succeeding Business Day. 
 5.    Place of Payment. Payments of principal,
premium, if any, and interest on the Notes shall be payable, at the office of the Issuer’s paying agent maintained at the Corporate Trust Office. Payment of principal of, or premium, if any, on a definitive Note may be made only against
surrender of the Note to the Issuer’s paying agent. The Issuer may make interest payments (1) by wire transfer of funds to the person at an account maintained within the United States, or (2) if no wire transfer is provided, the
Issuer may make interest payments by check mailed to the address of the person entitled to the payment as that address appears in the applicable register for those Notes. However, while any Notes are represented by a registered Global Security,
payment of principal of, premium, if any, or interest on the Notes may be made by wire transfer to the account of the Depositary or its nominee. 

  
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 6.    RESERVED. 

7.    Optional Redemption. The Issuer may redeem all or part of the Notes at any time at its option as set
forth the in the form of Note as set forth on Exhibit A and in Article III of the Indenture. 
 8.    No Sinking
Fund. The Notes are not mandatorily redeemable and are not entitled to the benefit of a sinking fund or any analogous provisions. 

9.    Ranking Security. The Notes are unsecured obligations of the Issuer and rank equally with other
unsecured indebtedness of the Issuer that is not subordinated to the Notes. 
 10.    Issue Price; Amount Payable
Upon Acceleration. The Notes will be issued at a price equal to 99.328% of the principal amount thereof. 100% of the principal of and accrued interest, if any, on the Notes shall be payable upon declaration of acceleration pursuant to
Section 6.01 of the Indenture. 
 11.    Payment Currency—Election. The principal of, premium,
if any, and interest on the Notes shall not be payable in a currency other than Dollars. 
 12.    Payment
Currency—Index. The principal of, premium, if any, and interest on the Notes shall not be determined with reference to an index based on a coin or currency. 

13.    Registered Securities. The Notes shall be issued only as registered Securities. The Notes shall be
issuable as registered Global Securities in book-entry form. 
 14.    Additional Amounts. The Issuer
shall not pay additional amounts on the Notes held by a Person that is not a U.S. Person in respect of taxes or similar charges withheld or deducted. 

15.    Notes in Definitive Form. Section 2.05 of the Indenture will govern the transferability of the
Notes in definitive form. 
 16.    Registrar; Paying Agent; Depositary. The Trustee shall initially serve
as the registrar and the paying agent for the Notes. The Depository Trust Company shall initially serve as the Depositary for the registered Global Security representing the Notes. 

17.    Events of Default. There shall be no deletions from, modifications or additions to the Events of
Default set forth in Section 6.01 of the Base Indenture with respect to the Notes, except, with respect to the Notes, the text of Section 6.01(a)(5) of the Base Indenture shall be deemed deleted in its entirety and replaced with the
following: “default by Parent or any of its Subsidiaries under any mortgage, bond, debenture, note or other instrument under which there is outstanding, or by which there is secured or evidenced, any Debt for money borrowed by Parent or any of
its Subsidiaries (not including any Debt for which recourse is limited to property purchased or for which recourse may be increased beyond property purchased pursuant to violations of customary non-recourse
carveouts unless any such carveout is judicially determined to have been triggered and then only to the extent of such determination) in an aggregate principal amount in excess of $50.0 million at any one time, whether the Debt exists at the
date of the Indenture or shall thereafter be created, which default shall have resulted in the Debt becoming or being declared due and payable prior to the date on which it would otherwise have become due and payable or which default shall have
resulted in the obligation being accelerated, without the acceleration having been rescinded or annulled or the Debt having been Discharged.” 

  
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 In addition, with respect to the Notes only, each reference to “this Indenture” in
Section 6.04 of the Base Indenture shall also be deemed to include the Notes and this Officer’s Certificate. 
 In addition, with
respect to the Notes only, the following language included in Section 7.02 of the Base Indenture: “If a Default occurs hereunder with respect to Securities of any series and is known to a Responsible Officer of the Trustee, the Trustee
shall give the holders of Securities of such series notice of such Default as and to the extent provided by the Trust Indenture Act;” shall be replaced in its entirety with: “If a Default occurs hereunder with respect to the Notes and is
known to a Responsible Officer of the Trustee, the Trustee shall give the Holders of the Notes, as the case may be, notice of such Default within the earlier of (a) 90 days and (b) as and to the extent provided by the Trust Indenture
Act;”. 
 18.    Covenants. There shall be the following additions, replacements, amendments and
supplements, as the case may be, to the covenants of the Issuer set forth in Article IV of the Base Indenture solely with respect to the Notes: 

(a)    Limitation on Incurrence of Total Debt. This paragraph (a) will be an addition to
Article IV of the Base Indenture with respect to the Notes. Parent will not, and will not permit any Subsidiary to, incur any Debt (including, without limitation, Acquired Debt) if, immediately after giving effect to the incurrence of such
additional Debt and the application of the proceeds therefrom on a pro forma basis, the aggregate principal amount of all outstanding Debt of Parent and its Subsidiaries on a consolidated basis determined in accordance with GAAP is greater than 65%
of the sum of (1) the Total Assets of Parent and its Subsidiaries as of the end of the latest fiscal quarter covered in Parent’s Annual Report on Form 10-K or Quarterly Report on Form 10-Q, as the case may be, most recently filed with the Commission (or, if such filing is not required under the Exchange Act, with the Trustee) prior to the incurrence of such additional Debt, and (2) the
aggregate purchase price of any real estate assets or mortgages receivable acquired, and the aggregate amount of any securities offering proceeds received (to the extent such proceeds were not used to acquire real estate assets or mortgages
receivable or used to reduce Debt), in each case by Parent or any of its Subsidiaries since the end of such fiscal quarter, including the proceeds obtained from the incurrence of such additional Debt. 

(b)    Limitation on Incurrence of Secured Debt. This paragraph (b) will be an addition
to Article IV of the Base Indenture with respect to the Notes. Parent will not, and will not permit any Subsidiary to, incur any Secured Debt (including, without limitation, Acquired Debt that is secured by a Lien) if, immediately after giving
effect to the incurrence of such Secured Debt and the application of the proceeds therefrom on a pro forma basis, the aggregate principal amount of all outstanding Secured Debt of Parent and its Subsidiaries on a consolidated basis determined in
accordance with GAAP is greater than 40% of the sum of (1) the Total Assets of Parent and its Subsidiaries as of the end of the latest fiscal quarter covered in Parent’s Annual Report on Form 10-K or
Quarterly Report on Form 10-Q, as the case may be, most recently filed with the Commission (or, if such filing is not required under the Exchange Act, with the Trustee) prior to the incurrence of such
additional Debt, and (2) the aggregate purchase price of any real estate assets or mortgages receivable acquired, and the aggregate amount of any securities offering proceeds received (to the extent such proceeds were not used to acquire real
estate assets or mortgages receivable or used to reduce Debt), in each case by Parent or any of its Subsidiaries since the end of such fiscal quarter, including the proceeds obtained from the incurrence of such additional Debt. 

(c)    Debt Service Coverage. This paragraph (c) will be an addition to Article IV of
the Base Indenture with respect to the Notes. Parent will not, and will not permit any Subsidiary to, incur any Debt (including, without limitation, Acquired Debt), if the ratio of Consolidated 

  
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Income Available for Debt Service to the Annual Debt Service Charge for the period consisting of the four consecutive fiscal quarters most recently ended prior to the date on which such
additional Debt is to be incurred is less than 1.5 to 1.0, on a pro forma basis after giving effect to the incurrence of such Debt and the application of the proceeds therefrom, and calculated on the following assumptions: (1) such Debt and any
other Debt (including, without limitation, Acquired Debt) incurred by Parent or any of its Subsidiaries since the first day of such four-quarter period and the application of the proceeds therefrom (including to refinance other Debt since the first
day of such four-quarter period) had occurred on the first day of such period, (2) the repayment or retirement of any other Debt of Parent or any of its Subsidiaries since the first day of such four-quarter period had occurred on the first day
of such period (except that, in making such computation, the amount of Debt under any revolving credit facility, line of credit or similar facility shall be computed based upon the average daily balance of such Debt during such period), and
(3) in the case of any acquisition or disposition by Parent or any Subsidiary of any asset or group of assets since the first day of such four-quarter period, including, without limitation, by merger, stock purchase or sale, or asset purchase
or sale, such acquisition or disposition had occurred on the first day of such period with the appropriate adjustments with respect to such acquisition or disposition being included in such pro forma calculation. If the Debt giving rise to the need
to make the foregoing calculation or any other Debt incurred after the first day of the relevant four-quarter period bears interest at a floating rate then, for purposes of calculating the Annual Debt Service Charge, the interest rate on such Debt
shall be computed on a pro forma basis by applying the average daily rate which would have been in effect during the entire such four-quarter period to the greater of the amount of such Debt outstanding at the end of such period or the average
amount of such Debt outstanding during such period. 
 (d)    Maintenance of Total Unencumbered
Assets. This paragraph (d) will be an addition to Article IV of the Base Indenture with respect to the Notes. Parent and its Subsidiaries will not have at any time Total Unencumbered Assets of less than 150% of the aggregate principal
amount of all of the outstanding Unsecured Debt of Parent and its Subsidiaries determined on a consolidated basis in accordance with GAAP. 

(e)    Provision of Financial Information. This paragraph (e) shall supplement
Section 5.03 of the Base Indenture. 
 (1)    Whether or not the Issuer is subject to
Section 13 or 15(d) of the Exchange Act and for so long as any Notes are Outstanding, the Issuer will furnish to the Trustee (1) all quarterly and annual reports that would be required to be filed with the Commission on Forms 10-Q and 10-K if the Issuer were required to file such reports and (2) all current reports that would be required to be filed with the Commission on Form 8-K if the Issuer were required to file such reports, in each case, within 15 days after the Issuer files such reports with the Commission or would be required to file such reports with the Commission (for the
avoidance of doubt, giving effect to any grace period provided by Rule 12b-25 under the Exchange Act) pursuant to the applicable rules and regulations of the Commission, whichever is earlier (in each case,
excluding, for the avoidance of doubt, any such documents or reports (or portions thereof) that are subject to confidential treatment and any correspondence with the Commission). Reports, information and documents filed with the Commission via the
EDGAR system will be deemed to be delivered to the Trustee as of the time of such filing via EDGAR for purposes of this covenant; provided, that the Trustee shall have no obligation whatsoever to determine whether or not such information, documents
or reports have been filed via EDGAR. Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained
therein or determinable from information contained therein. 

  
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 (2)    Notwithstanding the foregoing, in the event that
the rules and regulations of the Commission (including Rule 3-10 of Regulation S-X) permit the Issuer and Parent to report at Parent entity’s level on a
consolidated basis, and Parent entity is not engaged in any business in any material respect, other than incidental to its ownership, directly or indirectly of the capital stock of the Issuer, then the information and reports required by this
covenant may be those of Parent on a consolidated basis, rather than those of the Issuer. 

(f)    Future Subsidiary Guarantors. This paragraph (f) will be an addition to Article
IV of the Base Indenture with respect to the Notes. Parent shall cause each of its Subsidiaries that (a) owns, directly or indirectly, any Equity Interests issued by the Issuer, or (b) guarantees other Debt of the Issuer or any Guarantor
to execute and deliver to the Trustee an officer’s certificate pursuant to which such Subsidiary will unconditionally guarantee, on a joint and several basis, the due and punctual payment of principal of and interest on the Notes, when and as
the same become due and payable, whether on the maturity date, by declaration of acceleration, upon redemption, repurchase or otherwise, and all of the Issuer’s other obligations under the Indenture, as provided in Article XIII of the
Indenture. 
 (g)    Maintenance of Properties. This paragraph (g) shall replace
Section 4.06 of the Base Indenture with respect to the Notes. 
 Each of Parent and the Issuer shall cause its material
properties used or useful in the conduct of its business or the business of any Subsidiary of Parent to be maintained and kept in good condition, repair and working order, normal wear and tear, casualty and condemnation excepted, and supplied with
all necessary equipment and will require it to cause to be made all necessary repairs, renewals, replacements, betterments and improvements to those properties, as in its judgment may be necessary so that the business carried on in connection with
those properties may be properly and advantageously conducted at all times; provided, that Parent and its Subsidiaries shall not be prevented from (1) removing permanently any property that has been condemned or suffered casualty loss,
(2) discontinuing any maintenance or operation of any property if, in Parent’s reasonable judgment, such removal is not disadvantageous in any material respect to the Holders of the Notes or (3) selling or otherwise disposing of these
properties for value in the ordinary course of business. 
 (h)    Payment of Taxes and Other
Claims. This paragraph (h) shall replace Section 4.08 of the Base Indenture with respect to the Notes. Parent shall pay or discharge (or, if applicable, cause to be transferred to bond or other security) or cause to be paid
or discharged, before the same shall become delinquent, all material taxes, assessments and governmental charges levied or imposed on each of Parent or any of its Subsidiaries or upon the income, profits or property of each of Parent or any of its
Subsidiaries; provided, that Parent shall not be required to pay or discharge (or transfer to bond or other security) or cause to be paid or discharged any material tax, assessment or charge, (a) the applicability or validity of which it is
contesting in good faith through appropriate proceedings and for which it has established adequate reserves in accordance with GAAP or (b) where the failure to effect such payment is not, in Parent’s reasonable judgment, adverse in any
material respect to the Holders of the Notes. 

  
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 (i)    Supplemental Indentures Without the Consent
of Securityholders. With respect to the Notes, Section 9.01 of the Base Indenture is replaced with the following: 
 In
addition to any supplemental indenture otherwise authorized by this Indenture, the Issuer and the Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto (which shall conform to the provisions of the
Trust Indenture Act as then in effect), without the consent of the Securityholders of such series, for one or more of the following purposes: 

(1)    to cure any ambiguity or to correct any defect or inconsistency in the Indenture or in the
Securities of any series, or to make any other provisions with respect to matters or questions arising under the Indenture which shall not be inconsistent with the provisions of the Indenture; provided, however, that such action shall
not adversely affect the interests of holders of any series of Securities in any material respect; 

(2)    to evidence the succession of another Person to the obligations of the Issuer or any Guarantor to
the extent such succession is permitted by Article X; 
 (3)    to add to the covenants, restrictions,
conditions or provisions relating to the Issuer or the Guarantors for the benefit of the holders of all or any series of Securities (and if such covenants, restrictions, conditions or provisions are to be for the benefit of less than all series of
Securities, stating that such covenants, restrictions, conditions or provisions are expressly being included solely for the benefit of such series), to add Events of Default for the benefit of the holders of all or any series of Securities, or to
surrender any right or power herein conferred upon the Issuer; 
 (4)    to make any change or eliminate
any provision in the Indenture; provided that any such change or elimination does not apply to any Outstanding Securities of a series that are entitled to the benefit of such provision; 

(5)    to secure the Securities of all or any series of Securities or add a Guarantor; 

(6)    to evidence the release of any Subsidiary Guarantor pursuant to the terms of the Indenture; 

(7)    to evidence and provide for the acceptance of appointment under the Indenture by a successor
Trustee with respect to the Securities of one or more series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts under the Indenture by more than one
Trustee, pursuant to the requirements of Section 7.12; 
 (8)    to supplement any of the
provisions of the Indenture to the extent necessary to permit or facilitate defeasance, covenant defeasance and discharge of Securities of any series; provided, however, that this action shall not adversely affect the interests of the
holders of the Securities of any such series in any material respect; 
 (9)    to comply with any
requirements of the Commission or any successor in connection with the qualification of this Indenture under the Trust Indenture Act; 

(10)    to provide for the issuance of additional Securities of any series in accordance with the terms of
the Indenture and the Securities of such series; or 
 (11)    to conform the text of this Indenture or
the Notes to any provision of the “Description of Notes” section of the Prospectus Supplement of the Issuer and Parent dated October 4, 2018 and related to the Notes as set forth in an Officer’s Certificate. 

  
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 The Trustee is hereby authorized to join with the Issuer in the execution of any such
supplemental indenture, and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be obligated to enter into any such supplemental indenture that affects the Trustee’s own rights,
duties or immunities under this Indenture or otherwise. 
 Any supplemental indenture authorized by the provisions of this Section may be
executed by the Issuer and the Trustee without the consent of the holders of any of the Securities at the time Outstanding, notwithstanding any of the provisions of Section 9.02. 

(j)    Supplemental Indentures With Consent of Securityholders. Section 9.02(4) of the
Base Indenture is replaced with the following: “except as contemplated by the provisions of Article X, release Parent from its guarantee of the Securities”. 

(k)    Certain Definitions. As used herein (and to the extent any such definitions conflict
with definitions included in the Base Indenture, the definitions included here shall control with respect to the Notes): 

“Acquired Debt” means Debt of a person (1) existing at the time such person is merged or
consolidated with or into Parent or any of its Subsidiaries or becomes a Subsidiary of Parent; or (2) is assumed by Parent or any of its Subsidiaries in connection with the acquisition of assets from such person. Acquired Debt shall be deemed
to be incurred on the date the acquired person is merged or consolidated with or into Parent or any of its Subsidiaries or becomes a Subsidiary of Parent or the date of the related acquisition, as the case may be. 

“Annual Debt Service Charge” means, for any period, the interest expense of Parent and its
Subsidiaries for such period in respect of Debt, determined on a consolidated basis in accordance with GAAP to the extent GAAP is applicable, but excluding (i) any commitment, upfront, arrangement or structuring fees or premiums (including
redemption and prepayment premiums) or original issue discount, (ii) interest reserves funded from the proceeds of any Indebtedness, (iii) any cash costs associated with breakage in respect of hedging agreements for interest rates and
(iv) amortization of deferred financing costs. 
 “Business Day” means any day, other than a
day on which Federal or State banking institutions in the Borough of Manhattan, The City of New York, or in the city in which the Corporate Trust Office is located, are authorized or obligated by law, regulation or executive order to close. 

“Consolidated Income Available for Debt Service” for any period means Consolidated Net Income of
Parent and its Subsidiaries for such period, plus amounts which have been deducted, and minus amounts which have been added, in determining Consolidated Net Income during such period, for, without duplication: (1) Consolidated Interest Expense;
(2) provision for taxes of Parent and its Subsidiaries based on income; (3) amortization of debt discount, premium and deferred financing costs; (4) impairment losses and gains or losses on sales or other dispositions of properties;
(5) depreciation and amortization; (6) the effect of any non-recurring, non-cash items; (7) amortization of deferred charges; (8) gains or losses on
early extinguishment of debt; (9) expenses and losses associated with hedging agreements; (10) equity-based compensation and (11) extraordinary, non-recurring or unusual items, charges or
expenses (including, without limitation, prepayment penalties and costs, fees or expenses incurred in connection with any capital markets offering, debt financing, or amendment thereto, redemption or exchange of indebtedness, lease termination,
business combination, acquisition, disposition, recapitalization or similar transaction (regardless of whether such transaction is completed)), all determined on a consolidated basis in accordance with GAAP to the extent that GAAP is applicable.

  
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 “Consolidated Interest Expense” for any period, and
without duplication, means all interest (including the interest component of rentals on capitalized leases, letter of credit fees, commitment fees and other like financial charges) and all amortization of debt discount on all Debt (including,
without limitation, payment-in-kind, zero coupon and other like securities) but excluding legal fees, title insurance charges, other out-of-pocket fees and expenses incurred in connection with the issuance of Debt and the amortization of any such debt issuance costs that are capitalized, all determined for Parent and its Subsidiaries on a
consolidated basis in accordance with GAAP to the extent that GAAP is applicable. 
 “Consolidated Net
Income” for any period means the amount of consolidated net income (or loss) of Parent and its Subsidiaries for such period, excluding extraordinary items, all determined on a consolidated basis in accordance with GAAP to the extent
GAAP is applicable. 
 “Corporate Trust Office” means the principal office of the Trustee at which
at any time its corporate trust office shall be administered, which office at the date hereof is located at (a) for purposes of payment and presentation of the Notes, U.S. Bank National Association, 111 Fillmore Avenue East, St. Paul, MN 55107,
Attention: Bondholder Services and (b) for all other purposes, U.S. Bank National Association, One Federal Street, Tenth Floor, Boston, MA 02110, Attention: Corporate Trust Services, Ref: VEREIT Operating Partnership, L.P., or such other
address as the Trustee may designate from time to time by notice to the Holders and the Issuer, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from time to time by
notice to the Holders and the Issuer). 
 “Debt” means, as of any date of determination, all
indebtedness for borrowed money of Parent and its Subsidiaries that is included as a liability on Parent’s consolidated balance sheet in accordance with GAAP, excluding: (i) any indebtedness to the extent secured by cash, cash equivalents
or marketable securities (it being understood that cash collateral shall be deemed to include cash deposited with a trustee or other agent with respect to third party indebtedness) or which has been repaid, discharged, defeased (whether by covenant
or legal defeasance), retired, repurchased or redeemed or otherwise satisfied on or prior to the date such calculation is being made or for which Parent or any of its Subsidiaries has irrevocably made a deposit to repay, defease (whether by covenant
or legal defeasance), discharge, repurchase, retire or redeem or otherwise satisfy or called for redemption, defeasance (whether by covenant or legal defeasance), discharge, repurchase or retirement, on or prior to the date such calculation is being
made (all such events described in this clause (i) are collectively defined as “Discharged”), (ii) Intercompany Debt, (iii) all liabilities associated with customary exceptions to
non-recourse indebtedness, such as for fraud, misapplication of funds, environmental indemnities, voluntary bankruptcy, collusive involuntary bankruptcy and other similar exceptions and (iv) any
redeemable equity interest in Parent or the Issuer. 
 “Equity Interests” means, with respect to any
Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or
profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such
Person of such shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants,
options, rights or other interests are outstanding on any date of determination. 

  
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 “GAAP” means generally accepted accounting
principles, as in effect as of the date of determination, as used in the United States applied on a consistent basis. 

“Guarantors” means, collectively, (i) on the original issue date of the Notes, Parent and
(ii) thereafter, Parent and each Subsidiary Guarantor, if any, and “Guarantor” means any one of the Guarantors. 

“Holder” means the person in whose name a Note is registered in the Security Register maintained by
the Trustee. 
 “Intercompany Debt” means indebtedness owed by Parent or any Subsidiary solely to
Parent or any Subsidiary; provided, that with respect to any such Debt of which either Issuer or any Guarantor is the borrower, such Debt is subordinate in right of payment to the Notes or such Guarantee, as applicable. 

“Lien” means any mortgage, lien, charge, encumbrance, trust deed, deed of trust, deed to secure debt,
security agreement, pledge, security interest, security agreement or other encumbrance of any kind. 

“Person” means any individual, corporation, limited liability company, partnership, joint-venture,
joint-stock company, trust, unincorporated organization or government or agency or political subdivision thereof. 

“Secured Debt” means Debt secured by a Lien on any property or assets of Parent or any of its
Subsidiaries. 
 “Subsidiary” of a Person means a corporation, partnership, joint venture, limited
liability company or other business entity of which a majority of the Equity Interests having ordinary voting power for the election of directors or other governing body (other than Equity Interests having such power only by reason of the happening
of a contingency) are at the time beneficially owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a
“Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of Parent. 

“Subsidiary Guarantors” means, as of any date, all Subsidiaries of Parent, if any, that guarantee the
obligations of the Issuer under the Indenture and the Notes in accordance with the provisions of the Indenture, and “Subsidiary Guarantor” means any one of the Subsidiary Guarantors; provided that upon the release or discharge of such
Subsidiary Guarantor from its guarantee in accordance with the Indenture, such Subsidiary shall cease to be a Subsidiary Guarantor. 

“Total Assets” as of any date means the sum of (1) Undepreciated Real Estate Assets, and
(2) all other assets of Parent and its Subsidiaries determined on a consolidated basis in accordance with GAAP (but excluding accounts receivable and non-real estate intangibles). 

“Total Unencumbered Assets” as of any date means Total Assets of Parent and its Subsidiaries that are
not subject to a Lien securing Debt, determined on a consolidated basis in accordance with GAAP; provided, that in determining Total Unencumbered Assets as a 

  
 A-9 

 
percentage of outstanding Unsecured Debt for purposes of paragraph 18(d) of this Annex A, all investments in any person that is not consolidated with Parent for financial reporting purposes in
accordance with GAAP shall be excluded from Total Unencumbered Assets. 
 “Undepreciated Real Estate
Assets” as of any date means the cost (original cost plus capital improvements) of real estate assets and related intangibles of Parent and its Subsidiaries on such date, before depreciation and amortization, determined on a
consolidated basis in accordance with GAAP. 
 “Unsecured Debt” means Debt of Parent or any
Subsidiary that is not Secured Debt. 
 19.    Guarantee. The Notes are guaranteed by the Guarantors as
provided in Article XIII of the Indenture. Parent is hereby designated a “Guarantor” under the Indenture with respect to the Notes on the original issue date. Each other Subsidiary of Parent shall become a Guarantor of the Notes as
provided in the Indenture and paragraph 18(f) of this Annex A. Each Guarantor’s guarantee of the Notes (the “Guarantee”) is an unsecured obligation of such Guarantor and ranks equally with other unsecured indebtedness of
such Guarantor that is not subordinated to its Guarantee of the Notes. Other than in accordance with paragraph 22 of this Annex A, Parent shall not be released from its Guarantee of the Notes so long as any Notes remain Outstanding. 

20.    Conversion and Exchange. The Notes shall not be convertible into or exchangeable into any other
security. 
 21.    Further Issues. The Issuer may, without the consent of the Holders of the Notes,
create and issue additional Securities ranking equally and ratably with the Notes in all respects and having the same terms as the Notes (other than date of original issuance, the issue price, the date on which interest begins to accrue and, in some
cases, the first interest payment date of such additional Securities), so that such additional Securities shall be consolidated and form a single series with the Notes established hereby for all purposes, including voting; provided that any
additional Notes will not be issued with the same CUSIP as the Notes created hereby unless such additional Notes are fungible with the Notes created hereby for U.S. federal income tax purposes.. 

22.    Merger, Consolidation or Sale of Assets. The terms and conditions of Article X of the Base Indenture
shall apply to the Notes, except, with respect to the Notes, Section 10.01 of the Base Indenture shall be deemed deleted in its entirety and replaced with the following: 

(a) Parent or the Issuer may consolidate with, or sell or convey all or substantially all of its and its Subsidiaries assets, taken as a
whole, to, or merge with or into, any other entity, provided that the following conditions are met: 
 (1)(i) Parent or the
Issuer, as applicable, shall be the continuing entity, or (ii) the successor entity (if other than Parent or the Issuer, as applicable) formed by or resulting from any consolidation or merger or which shall have received the transfer of assets
shall be domiciled in the United States, any state thereof or the District of Columbia and shall expressly assume payment of the principal of and interest on the Notes and the due and punctual performance and observance of all of the covenants and
conditions in the Indenture applicable and with respect to the Notes; 
 (2) immediately after giving effect on a pro forma
basis to the transaction (including the incurrence of any Debt in connection therewith), no Event of Default under the Indenture, and no event which, after notice or the lapse of time, or both, would become an Event of Default (such definition as
amended by paragraph 17 of this Annex A), shall have occurred and be continuing; and 

  
 A-10 

 (3) an Officer’s Certificate and Opinion of Counsel covering these
conditions shall be delivered to the Trustee. 
 (b) Parent shall not permit any future Subsidiary Guarantor, if any, to consolidate with,
or sell, lease or convey all or substantially all of its assets to, or merge with or into, any other entity unless the following conditions are met: 

(1)(i) such Subsidiary Guarantor shall be the continuing entity, or (2) the successor entity (if not such Subsidiary
Guarantor) formed by or resulting from any consolidation or merger or which shall have received the transfer of assets shall be domiciled in the United States, any state thereof or the District of Columbia and shall expressly assume, by a
supplemental indenture, all the obligations of such Subsidiary Guarantor, if any, under the Notes or its Guarantee, as applicable; provided, that the foregoing requirement shall not apply in the case of a Subsidiary Guarantor (x) that has been
disposed of in its entirety to another Person (other than to Parent or an affiliate of Parent), whether through a merger, consolidation or sale of capital stock or has sold, leased or converted all or substantially all of its assets or
(y) that, as a result of the disposition of all or a portion of its capital stock, ceases to be a Subsidiary; 
 (2)
immediately after giving effect on a pro forma basis to the transaction (including the incurrence of any Debt in connection therewith), no Event of Default under the Indenture, and no event which, after notice or the lapse of time, or both, would
become an Event of Default (such definition as amended by paragraph 17 of this Annex A), shall have occurred and be continuing; and 

(3) an Officer’s Certificate and Opinion of Counsel covering these conditions shall be delivered to the Trustee. 

(c) Notwithstanding anything to the contrary in the foregoing, clauses (a) and (b) of this Paragraph (22) shall not apply to: 

(1) a merger, consolidation, sale, assignment, transfer, conveyance or other disposition of assets between or among Parent or
any of its Subsidiaries; 
 (2) a merger between Parent or any of its Subsidiaries, respectively, and an Affiliate of Parent
or such Subsidiary incorporated or formed solely for the purpose of reincorporating or reorganizing Parent or such Subsidiary in another state of the United States or changing the legal domicile or form of Parent or such Subsidiary or for the sole
purpose of forming or collapsing a holding company structure; or 
 (3) the lease of all or substantially all of the real
estate assets of Parent or any of its Subsidiaries; 
 provided that, in the case of any transaction described in clause (1), (2)
and/or (3) above, an Officer’s Certificate and Opinion of Counsel stating that such transaction complied with such clause (1), (2) and/or (3) shall be delivered to the Trustee to the extent a Guarantor or the Issuer is party to any
such transaction and such Guarantor or the Issuer, as the case may be, is not the continuing entity as a result of such transaction. 

  
 A-11 

 23.    Satisfaction and Discharge; Covenant Defeasance.
Article XI of the Base Indenture shall apply to the Notes. In addition to the other sections of the Indenture subject to the Covenant Defeasance provisions set forth in Article XI of the Base Indenture, the covenants set forth in paragraph 18 of
this Annex A shall be subject to the Covenant Defeasance provisions set forth in Article XI of the Base Indenture. 

24.    Modification, Amendment and Waiver. The terms and provisions of the Notes may be modified, amended,
supplemented or waived as set forth in the Indenture. 
 25.    Other Terms. The Notes shall have
the other terms, and the Notes shall be substantially in the forms set forth in, Exhibit A. In case of any conflict between this Annex A and the Notes, the form of the Notes shall control. In the case of any conflict between, on the one hand, this
Annex A and/or the Notes, and on the other hand, the Base Indenture, this Annex A and/or the Notes shall control. 

  
 A-12 

 EXHIBIT A 

Global Security 
 [UNLESS THIS
NOTE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO VEREIT OPERATING PARTNERSHIP, L.P. (THE “ISSUER”) OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY
AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

EXCEPT AS PROVIDED IN SECTION 2.11 OF THE INDENTURE, THIS NOTE MAY BE TRANSFERRED, IN WHOLE BUT NOT IN PART, ONLY TO DTC, ANOTHER NOMINEE
THEREOF OR BY A NOMINEE THEREOF TO DTC OR ANOTHER NOMINEE OF DTC OR BY DTC OR ANY SUCH NOMINEE TO A SUCCESSOR OF DTC OR A NOMINEE OF SUCH SUCCESSOR.]1 

 

	1 	 Exclude from Notes in definitive form. 

  
 Exh. A-1 

 VEREIT OPERATING PARTNERSHIP, L.P. 

4.625% Notes due 2025 

			
	CUSIP No. 92340L AD1	  	
	ISIN No. US92340LAD10	  	
	No. [    ]	  	$[            ]

 VEREIT OPERATING PARTNERSHIP, L.P., a limited partnership duly organized and existing under the laws of the
State of Delaware (hereinafter referred to as “Issuer,” which term includes any successor thereof under the Indenture (as defined on the reverse hereof)), for value received, hereby promises to pay to CEDE & CO., or
its registered assigns, the principal sum of [            ] ($[            ]) on November 1, 2025 (the “Stated
Maturity Date” with respect to the principal of this Note), unless previously redeemed on any Redemption Date (as defined below) in accordance with the provisions set forth on the reverse hereof (the Stated Maturity Date or any
Redemption Date is referred herein as the “Maturity Date” with respect to principal repayable or repurchased on such date) and to pay interest thereon semiannually in arrears on May 1 and November 1 of each year
(each, an “Interest Payment Date”), commencing on May 1, 2019, at the rate of 4.625% per annum, until payment of said principal has been made or duly provided for. Interest on this Note payable on an Interest Payment
Date will accrue from and including the immediately preceding Interest Payment Date to which interest has been paid or duly made available for payment, or from and including October 16, 2018 if no interest has been paid or duly made available
for payment, to but excluding the applicable Interest Payment Date or the Maturity Date, as the case may be. Interest on this Note will be computed on the basis of a 360-day year consisting of twelve 30-day months. 
 Capitalized terms used but not otherwise defined herein shall have the respective
meanings assigned to them in the Indenture. 
 The interest so payable and punctually paid or duly made available for payment on any
Interest Payment Date will be paid to the Holder in which name this Note (or one or more predecessor Notes) is registered in the Security Register at the close of business on the “Regular Record Date” for such payment, which
shall be the April 15 or October 15, as the case may be, immediately preceding such Interest Payment Date (regardless of whether such day is a Business Day (as defined below)). Any such interest not so punctually paid or duly made
available for payment shall forthwith cease to be payable to the Holder on such Regular Record Date, and shall be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a subsequent
“Special Record Date” for the payment of such defaulted interest (which shall be not more than 5 Business Days prior to the date of the payment of such defaulted interest) established by notice given by mail by or on behalf
of the Issuer to the Holders of the Notes not less than 15 calendar days preceding such subsequent Special Record Date, or may be paid at any time in any other lawful manner, all as more fully provided in the Indenture. 

The principal of, and premium, if any, with respect to, this Note payable on the Maturity Date will be paid against presentation and surrender
of this Note at the Corporate Trust Office of the Trustee or other office or agency of the Issuer maintained for that purpose in the Borough of Manhattan, The City of New York. The Issuer hereby initially designates the Corporate Trust Office of the
Trustee (as defined on the reverse hereof) as the office to be maintained by it where Notes may be presented for payment, registration of transfer or exchange and where notices or demands to or upon the Issuer in respect of the Notes or the
Indenture may be served. 
 If any Interest Payment Date or the Maturity Date falls on a day that is not a Business Day, the payment
required to be made on such date will, instead, be made on the next Business Day with the same 

  
 Exh. A-2 

 
force and effect as if it were made on the date such payment was due, and no interest shall accrue on the amount so payable for the period from and after such Interest Payment Date or the
Maturity Date, as the case may be. “Business Day” means any day, other than a day on which Federal or State banking institutions in the Borough of Manhattan, The City of New York, or in the city in which the Corporate Trust
Office is located, are authorized or obligated by law, regulation or executive order to close. 
 Payments of principal, premium, if any,
and interest in respect of this Note will be made in such coin or currency of the United States of America as at the time of payment is legal tender for the payment of public and private debts (i) in the case of payments on the Maturity Date,
in immediately available funds, and (ii) in the case of payments of interest on an Interest Payment Date other than the Maturity Date, (a) by wire transfer of immediately available funds to an account maintained by the payee with a bank
located in the United States of America, or (b) if no wire transfer is provided, by check mailed to the Holder entitled thereto at the applicable address appearing in the Security Register; provided, however, that so long as Cede & Co.
is the Holder of this Note, payments of interest on an Interest Payment Date may be made in immediately available funds. 
 Reference is
made to the further provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes have the same effect as though fully set forth at this place. 

This Note shall not be entitled to the benefits of the Indenture or the Guarantee or be valid or become obligatory for any purpose until the
certificate of authentication hereon shall have been executed by manual signature by the Trustee. 

  
 Exh. A-3 

 IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed, manually,
electronically or by facsimile by an authorized signatory. 
 Date: October 16, 2018 

 

					
	VEREIT OPERATING PARTNERSHIP, L.P.
		
	By:	 	VEREIT, Inc. its sole general partner
			
	By:	 	 	 	 
		 	Name:	 	
		 	Title:	 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated herein, referred to in the within-mentioned Indenture. 

 

			
	U.S. BANK NATIONAL ASSOCIATION, as Trustee
		
	By:	 	 
		 	Authorized Signatory

  
 Exh. A-4 

 [FORM OF REVERSE OF NOTE] 

VEREIT OPERATING PARTNERSHIP, L.P. 

4.625% Senior Notes due 2025 

This Note is one of a duly authorized issue of Securities of the Issuer (hereinafter called the “Securities”) of the
series hereinafter specified, all issued or to be issued under and pursuant to an Indenture (the “Base Indenture”), dated as of February 6, 2014, duly executed and delivered by the Issuer (f/k/a ARC Properties Operating
Partnership, L.P.), VEREIT, Inc. (f/k/a American Realty Capital Properties, Inc.) (“Parent”), and certain other parties named therein to U.S. Bank National Association, as trustee (the “Trustee,” which
term includes any successor trustee under the Indenture with respect to the series of Securities of which this Note is a part), together with the Officer’s Certificate amending and supplementing the Base Indenture and establishing the terms of
the Notes and another series of Securities designated as the 4.625% Senior Notes due 2025, dated as of October 16, 2018 (collectively with the Base Indenture, the “Indenture”) and reference is hereby made to the
Indenture, and all modifications and amendments and indentures supplemental thereto relating to the Notes, made for a description of the rights, limitations of rights, obligations, duties, and immunities thereunder of the Trustee, the Issuer, the
Guarantor(s) and the Holders of the Notes and the terms upon which the Notes are authenticated and delivered. This Note is one of a series of Securities designated as the 4.625% Senior Notes due 2025 (collectively, the
“Notes”) of the Issuer, limited (except as permitted under the Indenture) in aggregate principal amount to $550,000,000. 

Payments of principal, premium, if any, and interest in respect of the Notes will be fully and unconditionally guaranteed by the Guarantor(s).

 Optional Redemption. The Issuer may redeem all or part of the Notes at any time at its option at a redemption price equal to the
greater of: 
 (a)    100% of the principal amount of the Notes to be redeemed, and 

(b)    the sum of the present values of the remaining scheduled payments of principal of and interest on
the Notes to be redeemed that would be due if such Notes matured 60 days prior to the Stated Maturity Date (the “Par Call Date”) but for the redemption thereof (exclusive of interest accrued to the applicable Redemption Date)
discounted to such Redemption Date on a semiannual basis, assuming a 360-day year consisting of twelve 30-day months, at the Treasury Rate plus 25 basis points, 

plus, in the case of both clauses (a) and (b) above, accrued and unpaid interest on the principal amount of the Notes being redeemed to, but
excluding, the date fixed for redemption (the “Redemption Date”); provided that if the Notes are redeemed on or after the Par Call Date, the redemption price will equal 100% of the principal amount of the Notes to be
redeemed, plus accrued and unpaid interest on the amount being redeemed to, but excluding, the date of redemption. 
 Notwithstanding the
foregoing, installments of interest on the Notes that are due and payable on an Interest Payment Date falling on or prior to a Redemption Date will be payable to the persons who were the Holders of the Notes (or one or more predecessor Notes)
registered as such at the close of business on the relevant Regular Record Date as set forth above and in Article III of the Indenture. 

  
 Exh. A-5 

 As used herein (and to the extent any such definitions conflict with definitions included in
the Base Indenture, the definitions included here shall control with respect to the Notes): 
 “Comparable Treasury
Issue” means the U.S. Treasury security selected by the Independent Investment Banker as having a maturity comparable to the remaining term of the Notes to be redeemed calculated as if the Stated Maturity Date were the Par Call Date
(the “Remaining Life”) that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Remaining Life of
such Notes. 
 “Comparable Treasury Price” means, with respect to any Redemption Date for the Notes: 

(a)    if the Issuer obtains four Reference Treasury Dealer Quotations for such Redemption Date, the
average of such Reference Treasury Dealer Quotations, after excluding the highest and lowest such Reference Treasury Dealer Quotations, or 

(b)    if the Issuer obtains fewer than four but more than one such Reference Treasury Dealer Quotations
for such Redemption Date, the average of all such Reference Treasury Dealer Quotations, or 
 (c)    if
the Issuer obtains only one such Reference Treasury Dealer Quotation for such Redemption Date, that Reference Treasury Dealer Quotation. 

“Independent Investment Banker” means one of the Reference Treasury Dealers that the Issuer has appointed to act as
the “Independent Investment Banker”. 
 “Reference Treasury Dealer” means with respect to any Redemption
Date for the Notes, each of (i) Wells Fargo Securities, LLC, BMO Capital Markets Corp., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, a Primary Treasury Dealer selected by SMBC Nikko Securities
America, Inc. and U.S. Bancorp Investments, Inc. and their respective successors (provided, however, that if any such firm or any such successor, as the case may be, ceases to be a primary U.S. Government securities dealer in The City of New York (a
“Primary Treasury Dealer”), the Issuer shall substitute therefor another nationally recognized investment banking firm that is a Primary Treasury Dealer), and (ii) one other Primary Treasury Dealer, if any, selected by
the Issuer. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
Redemption Date for the Notes, the average, as determined by the Issuer, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Issuer by such Reference
Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 
 “Treasury
Rate” means, with respect to any Redemption Date for the Notes: 
 (a)    the yield, under
the heading that represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H.15(519)” or any successor publication which is published weekly by the Board of
Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity corresponding to the
Comparable Treasury Issue (if no maturity is within three months before or after the Remaining Life of the Notes, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be determined and the
Treasury Rate shall be interpolated or extrapolated from such yields on a straight-line basis, rounding to the nearest month), or 

  
 Exh. A-6 

 (b)    if such release (or any successor release) is not
published during the week preceding the calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated using a price for the Comparable Treasury
Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 
 The Treasury
Rate shall be calculated by the Issuer on the third Business Day preceding the applicable Redemption Date, on which date the Issuer will provide the Trustee with a calculation of the applicable redemption price. 

Notice of Redemption. No Notes of $2,000 or less can be redeemed in part. Notices of redemption will be mailed (or in the case of
Global Securities, given pursuant to applicable procedures of The Depository Trust Company (“DTC”)) at least 15 but not more than 60 days before the Redemption Date to each Holder of the Notes to be redeemed at its registered
address, except that redemption notices may be mailed or given more than 60 days prior to a redemption date if the notice is issued in connection with a defeasance of the Notes or a satisfaction and discharge of the Notes. If less than all of the
Outstanding Notes are to be redeemed, the Notes to be redeemed shall be selected, so long as such Notes are in book-entry form, in accordance with the applicable procedures of DTC, or, if such Notes are issued in definitive certificated form, by
such method as the Trustee shall deem fair and appropriate. 
 If any Note is to be redeemed in part only, (a) the Issuer shall give
the Trustee five days’ notice (unless a shorter period is satisfactory to the Trustee) in advance of the date of delivery of the notice of redemption to the Holders and (b) the notice of redemption that relates to that Note will state the
portion of the principal amount of that Note that is to be redeemed. A new Note in principal amount equal to the unredeemed portion of the original Note will be issued in the name of the Holder of Notes upon cancellation of the original Note. Notes
called for redemption become due on the date fixed for redemption (subject to satisfaction of any applicable conditions precedent). 

Unless the Issuer defaults in payment of the redemption price, on and after the Redemption Date interest will cease to accrue on the Notes or
portions of them called for redemption. 
 This Note is not mandatorily redeemable and is not entitled to the benefit of a sinking fund or
any analogous provisions. 
 Miscellaneous. In case an Event of Default with respect to this Note shall have occurred and be
continuing, the principal hereof may be (and, in certain cases, shall be) declared, and upon such declaration shall become, due and payable, in the manner, with the effect, and subject to the conditions, provided in the Indenture. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Issuer and, if applicable, the Guarantors, and the rights of the Holders of the Securities under the Indenture at any time by the Issuer and, if applicable, the Guarantors, and the Trustee with the consent of the Holders of a majority in the
aggregate principal amount of Securities of each series (voting as separate classes) issued under the Indenture at the time Outstanding and affected thereby. Furthermore, provisions in the Indenture permit the Holders of a majority in the aggregate
principal amount of the Outstanding Securities of any series, in certain instances, to waive, on behalf of all of the Holders of Securities of such series, certain past defaults under the Indenture and their consequences. Any such waiver by the
Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and other Notes issued upon the registration of transfer hereof or in exchange hereof, or in lieu hereof, whether or not notation of such
consent or waiver is made upon this Note. 

  
 Exh. A-7 

 With respect to the Notes, Article XII of the Indenture shall not be applicable to the
Issuer, the Trustee or the Holders. 
 No reference herein to the Indenture and no provision of this Note or the Indenture shall alter or
impair the obligation of the Issuer, which is absolute and unconditional, to pay the principal of, and premium, if any, with respect to, and interest on, this Note in the manner, at the respective times, at the rate and in the coin or currency
herein prescribed. 
 The Indenture contains provisions for defeasance and discharge and for defeasance at any time of certain restrictive
covenants and Events of Default with respect to Notes of this series upon compliance with certain conditions set forth in the Indenture. 

This Note is issuable only in definitive registered form, without coupons, in denominations of $2,000 and integral multiples of $1,000 in
excess thereof. This Note may be exchanged for a like aggregate principal amount of Notes of other authorized denominations at the office or agency of the Issuer in The City of New York, in the manner and subject to the limitations provided herein
and in the Indenture, but without the payment of any charge except for any tax or other governmental charge imposed in connection therewith. 

The Issuer shall not pay additional amounts on this Note held by a Person that is not a U.S. Person in respect of taxes or similar charges
withheld or deducted. 
 The Issuer, the Guarantor(s) or the Trustee and any authorized agent of the Issuer, the Guarantor(s) or the Trustee
may deem and treat the Person in whose name this Note is registered as the Holder and absolute owner of this Note (whether or not this Note shall be overdue and notwithstanding any notation of ownership or other writing hereon), for the purpose of
receiving payment of, or on account of, the principal of, or premium, if any, with respect to, or subject to the provisions on the face hereof, interest on, this Note and for all other purposes, and none of the Issuer, the Guarantor(s) or the
Trustee or any authorized agent of the Issuer, the Guarantor(s) or the Trustee shall be affected by any notice to the contrary. 
 THE
INDENTURE AND THIS NOTE SHALL BE DEEMED TO BE A CONTRACT UNDER THE LAWS OF THE STATE OF NEW YORK, AND FOR ALL PURPOSES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF SUCH STATE. 

  
 Exh. A-8 

 ASSIGNMENT FORM 

 

			
	FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto:
	
	 
	
	Please insert social security number or other identifying number of assignee:
	
	 
	
	Please print or type name and address (including zip code) of assignee:
		
	 	  	
		
	 	  	
		
	 	  	
		
	 	  	
	
	the within Note and all rights thereunder, hereby irrevocably constituting and appointing                  attorney to transfer said
Note of VEREIT Operating Partnership, L.P. (the “Issuer”) on the books of the Issuer, with full power of substitution in the premises.
	
	 
		
	Dated:                             	  	
		
		  	
	Signature Guaranteed	  	
	
	 
	
	NOTICE: Signature must be guaranteed by an eligible Guarantor Institution (banks, stockbrokers, savings and loan associations and credit unions) with membership in an approved signature guarantee medallion program
pursuant to Securities and Exchange Commission Rule 17Ad-15.
		
	 	  	
	
	NOTICE: The signature to this Assignment must correspond with the name as written upon the face of the within Note in every particular, without alteration or enlargement or any change whatever.

  
 Exh. A-9 

 SCHEDULE OF EXCHANGES OF INTERESTS IN THE GLOBAL SECURITY(1) 
 The following exchanges of a part of this Global Security for an interest in another Global
Security or for a definitive registered Note, or exchanges of a part of another Global Security or definitive registered Note for an interest in this Global Security, have been made: 

 

									
	 Date of

Exchange
	 	 Amount of

Decrease in

Principal Amount

of This Global

Security
	 	 Amount of

Increase in

Principal

Amount of This

Global Security
	 	 Principal Amount of

This Global Security

Following Such

Decrease (or

Increase)
	 	 Signature of

Authorized

Signatory of

Trustee or

Custodian

		 		 		 		 	
		 		 		 		 	
		 		 		 		 	

  

	(1)	 This schedule should be included only if the Note is issued in global form. 

  
 Exh. A-10Blueprint

 

Exhibit 10.8

 

SUBSCRIPTION
AGREEMENT

 

The
undersigned (the “Subscriber”), desires to become a
holder of common shares (the “Shares”) of AMERICAN
RESOURCES CORPORATION, a corporation organized under the laws of
the state of Florida (the “Company”); one share of
Common Stock has a par value $0.0001 per share. Accordingly, the
Subscriber hereby agrees as follows:

 

1.

Subscription.

 

1.1.

The Subscriber
hereby subscribes for and agrees to accept from the Company that
number of Shares set forth on the Signature Page attached to this
Subscription Agreement (the “Agreement”), in
consideration of $________ per share. This offer to purchase is
submitted in accordance with and subject to the terms and
conditions described in this Subscription Agreement (the
"Agreement"). The Subscriber acknowledges that the Company reserves
the right, in its sole and absolute discretion, to accept or reject
this subscription and the subscription will not be binding until
accepted by the Company in writing.

 

1.2.

The closing of the
Subscription of Shares hereunder (the “Closing”) shall
occur immediately upon: (i) receipt and acceptance by the Company
of a properly executed Signature Page to this Agreement; and (ii)
receipt of all funds for the subscription of shares
hereunder.

 

2.

Purchase Procedure. The
Subscriber acknowledges that, in order to subscribe for Shares, he
must, and he does hereby, deliver to the Company:

 

2.1.

One (1) executed
counterpart of the Signature Page attached to this Agreement
together with appropriate notarization; and

 

2.2.

A wire in the
amount set forth on the Signature Page attached to this Agreement,
representing payment in full for the Shares desired to be purchased
hereunder, made to the bank account of American Resources
Corporation.

 

3.

Representations of Subscriber.
By executing this Agreement, the Subscriber makes the following
representations, declarations and warranties to the Company, with
the intent and understanding that the Company will rely
thereon:

 

3.1.

Such Subscriber
acknowledges the public availability of the Company’s current
offering circular which can be viewed on the SEC Edgar Database,
under the CIK number 0001590715. This offering circular is made
available in the Company’s most recent 1-A Registration
Statement deemed qualified on _________________ __, 2018. In this
offering circular it makes clear the terms and conditions of the
offering of Common Stock and the risks associated therewith are
described.

 

3.2.

All information
herein concerning the Subscriber is correct and complete as of the
date hereof and as of the date of Closing.

 

3.3.

If the Subscriber
is purchasing the Shares in a fiduciary capacity for another person
or entity, including without limitation a corporation, partnership,
trust or any other entity, the Subscriber has been duly authorized
and empowered to execute this Subscription Agreement and all other
subscription documents. Upon request of the Company, the Subscriber
will provide true, complete and current copies of all relevant
documents creating the Subscriber, authorizing its investment in
the Company and/or evidencing the satisfaction of the
foregoing.

 

 

1

 

 

4.

Applicable Law. This Agreement
shall be construed in accordance with and governed by the laws
applicable to contracts made and wholly performed in the State of
Florida.

 

5.

Execution in Counterparts. This
Subscription Agreement may be executed in one or more
counterparts.

 

6.

Persons Bound. This
Subscription Agreement shall, except as otherwise provided herein,
inure to the benefit of and be binding on the Company and its
successors and assigns and on each Subscriber and his respective
heirs, executors, administrators, successors and
assigns.

 

7.

Notices. Any notice or other
communication required or permitted hereunder shall be in writing
and shall be delivered personally, telegraphed, telexed, sent by
facsimile transmission or sent by certified, registered or express
mail, postage prepaid, to the address of each party set forth
herein. Any such notice shall be deemed given when delivered
personally, telegraphed, telexed or sent by facsimile transmission
or, if mailed, three days after the date of deposit in the United
States mails.

 

8.

CERTIFICATION. THE SUBSCRIBER CERTIFIES THAT HE HAS READ THIS
ENTIRE SUBSCRIPTION AGREEMENT AND THAT EVERY STATEMENT MADE BY THE
SUBSCRIBER HEREIN IS TRUE AND COMPLETE.

 

[SIGNATURE
PAGE FOLLOWS]

 

 

2

 

 

SUBSCRIBER
SIGNATURE

 

The
undersigned, desiring to subscribe for the number of Shares of
AMERICAN RESOURCES CORPORATION (the “Company”) as is
set forth below, acknowledges that he/she has received and
understands the terms and conditions of the Subscription Agreement
attached hereto and that he/she does hereby agree to all the terms
and conditions contained therein.

 

IN
WITNESS WHEREOF, the undersigned has hereby executed this
Subscription Agreement as of the date set forth below.

 

(PLEASE
PRINT OR TYPE)

 

Number of
Shares:

_______________________                                                       

            

            

 

Per Share
Price:

_______________________                                                       

 

Total Amount of
Subscription:  

_______________________                                                       

            

            

 

 

Exact name(s) of
Subscriber(s):  

            

            

 

Signature of
Subscriber(s): 

            

            

 

__________________________________

(Signature)                                 

 

__________________________________

(Print
Name)

 

Date:
_____________________________

 

Residence or
Physical Mailing Address (cannot be a P.O. Box):

_______________________________

 

_______________________________

 

_______________________________

 

 

Telephone Numbers
(include Area Code):

Phone:
(___)________________

 

Social Security or
Taxpayer Identification Number(s):

_____-_____-_____

 

 

3

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