Document:

EX-10.2

 Exhibit 10.2 

REINSTATEMENT AND THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT 

THIS REINSTATEMENT AND THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT (this “Amendment”) is made and entered into effective
as of October 10, 2013 (the “Amendment Date”), by and among WELLS GOVERNOR’S POINTE 4241 IRWIN SIMPSON, LLC, a Delaware limited liability company (“Governor’s Pointe 4241”), WELLS GOVERNOR’S
POINTE 8990 DUKE, LLC, a Delaware limited liability company (“Governor’s Pointe 8990”), WELLS REIT II - 11200 W. PARKLAND, LLC, a Delaware limited liability company (“11200 W. Parkland”), WELLS REIT II - 1200
MORRIS BUSINESS TRUST, a Pennsylvania business trust (“1200 Morris”), WELLS REIT II - 13655 RIVERPORT DRIVE, LLC, a Delaware limited liability company (“13655 Riverport”), WELLS REIT II - 15815 25TH AVENUE, LLC, a
Delaware limited liability company (“Northpointe - 15815”), WELLS REIT II - 16201 25TH AVENUE, LLC, a Delaware limited liability company (“Northpointe - 16201”), WELLS REIT II - 4300 CENTREWAY PLACE, LP, a
Delaware limited partnership (“4300 Centreway Place”), WELLS REIT II - 800 BROOKSEDGE, LLC, a Delaware limited liability company (“Chase Center”), WELLS REIT II - 8909 PURDUE ROAD, LLC, a Delaware limited liability
company (“8909 Purdue Road”), WELLS REIT II - EAGLE ROCK EXECUTIVE OFFICE CENTER IV, LLC, a Delaware limited liability company (“Eagle Rock”), WELLS REIT II - LAKEHURST BRITTON, LLC, a Delaware limited liability
company (“Lakehurst”), WELLS REIT II - MACARTHUR RIDGE I, L.P., a Delaware limited partnership (“MacArthur Ridge”), WELLS REIT II - ONE CENTURY PLACE, LLC, a Delaware limited liability company (“One Century
Place”), WELLS REIT II - REPUBLIC DRIVE, LLC, a Delaware limited liability company (“Republic Drive”), and WELLS REIT II - WILDWOOD PROPERTIES, LLC, a Delaware limited liability company (“Wildwood
Properties” (Governor’s Pointe 4241, Governor’s Pointe 8990, 11200 W. Parkland, 1200 Morris, 13655 Riverport, Northpointe - 15815, Northpointe - 16201, 4300 Centreway Place, Chase Center, 8909 Purdue Road, Eagle Rock, Lakehurst,
MacArthur Ridge, One Century Place, Republic Drive and Wildwood Properties being collectively referred to as “Sellers” and sometimes individually referred to as “Seller”), and GRIFFIN CAPITAL CORPORATION, a
California corporation (“Purchaser”). 
 RECITALS 

A. Sellers and Purchaser are parties to that certain Purchase and Sale Agreement dated as of August 30, 2013 (the “Original
Purchase Agreement”), as amended by that certain First Amendment to Purchase and Sale Agreement dated as of October 7, 2013 (the “First Amendment”), and as further amended by that certain Second Amendment to Purchase
and Sale Agreement dated as of October 9, 2013 (the “Second Amendment”, together with the Original Purchase Agreement and the First Amendment, the “Purchase Agreement”). Capitalized terms used but not defined
herein shall have the meaning ascribed to them in the Purchase Agreement. 
 B. Sellers and Purchaser desire to modify and amend the
Purchase Agreement as hereinafter provided. 
 AGREEMENT 

NOW, THEREFORE, IN CONSIDERATION of the terms, conditions and mutual covenants and promises of Seller and Purchaser in the Purchase Agreement
as amended by this Amendment, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Sellers and Purchaser hereby agree as follows: 

1. Purchase Price Allocation. Exhibit A attached hereto sets forth the allocation of the Purchase Price with respect to each of
the Properties as mutually agreed upon by Sellers and Purchaser, and shall be deemed attached to the Purchase Agreement as Exhibit “M”. Notwithstanding anything to the contrary herein, such allocation shall be for the purposes
of the Purchase Agreement only, and shall not otherwise be binding on any Seller or Purchaser. 
 2. Legal Description of Properties.
Exhibit “A” to the Purchase Agreement is hereby amended as follows: 
 a. The description of the Land identified as
“4300 Centreway Property” set forth in Exhibit “A” to the Purchase Agreement is hereby deleted in its entirety and replaced with the description of such Land set forth in Exhibit B-1 attached hereto. 

b. The description of the Land identified as “Chase Center Property” set forth in Exhibit “A” to the Purchase
Agreement is hereby deleted in its entirety and replaced with the description of such Land set forth in Exhibit B-2 attached hereto. 

 c. The description of the Land identified as “MacArthur Ridge Property” set forth in
Exhibit “A” to the Purchase Agreement is hereby deleted in its entirety and replaced with the description of such Land set forth in Exhibit B-3 attached hereto. 

d. The description of the Land identified as “One Century Place Property” set forth in Exhibit “A” to the Purchase
Agreement is hereby deleted in its entirety and replaced with the description of such Land set forth in Exhibit B-4 attached hereto. 

e. The description of the Land identified as “4200 Wildwood Parkway” set forth in Exhibit “A” to the Purchase
Agreement is hereby deleted in its entirety and replaced with the description of such Land set forth in Exhibit B-5 attached hereto. 

f. The description of the Land identified as “4100 & 4300 Wildwood Parkway” set forth in Exhibit “A” to
the Purchase Agreement is hereby deleted in its entirety and replaced with the description of such Land set forth in Exhibit B-6 attached hereto. 

g. The description of the Land identified as “2500 Ridge Parkway” (which should actually be “2500 Windy Ridge Parkway”)
set forth in Exhibit “A” to the Purchase Agreement is hereby deleted in its entirety and replaced with the description of such Land set forth in Exhibit B-7 attached hereto. 

3. 6060 Britton Parkway. All references in the Purchase Agreement to “6060 Emerald Parkway” are hereby deleted and replaced
with “6060 Britton Parkway”. 
 4. Quitclaim Deed. Section 5.1(b) of the Purchase Agreement is hereby amended by
inserting the following provision at the end of the paragraph: 
 “Without in any way limiting each Seller’s covenant under this
Section 5.1(b), each of One Century Place and Wildwood Properties hereby agrees as follows: 
 (i) One Century Place shall deliver a
quitclaim deed in the form customarily used in Davidson County, Tennessee to convey One Century Place Property without warranty of any kind by reference to the legal description set forth in Exhibit “C-1” attached hereto; 

(ii) Wildwood Properties shall deliver a quitclaim deed in the form customarily used in Cobb County, Georgia to convey the real property
commonly known as 2500 Windy Ridge Parkway, Atlanta, Georgia, without warranty of any kind, by reference to the legal description set forth in Exhibit “C-2” attached hereto; 

(iii) Wildwood Properties shall deliver a quitclaim deed in the form customarily used in Cobb County, Georgia to convey the real property
commonly known as 4100 & 4300 Wildwood Parkway, Atlanta, Georgia, without warranty of any kind, by reference to the legal description set forth in Exhibit “C-3” attached hereto.” 

(iv) MacArthur Ridge shall deliver a quitclaim deed in the form customarily used in Dallas County, Texas to convey the real property commonly
known as 919 Hidden Ridge, Irving, Texas, without warranty of any kind, by reference to the legal description set forth in Exhibit “C-4” attached hereto.” 

Sellers and Purchaser hereby agree that Exhibit C-1, Exhibit C-2, Exhibit C-3 and Exhibit C-4 attached hereto
shall be deemed attached to the Purchase Agreement as Exhibit “Y-1”, Exhibit “Y-2”, Exhibit “Y-3” and Exhibit “Y-4”, respectively. 

5. Seller’s Affidavit. 

a. The form of the Seller’s Affidavit attached to the Purchase Agreement as SCHEDULE 6 is hereby deleted in its entirety and
replaced with the form attached hereto as Exhibit D. Each Seller shall execute the applicable Seller’s Affidavit, in the form attached hereto, subject to changes reasonably requested by the Title Company and agreed to by the applicable
Seller, acting in good faith. 
 b. Seller hereby agrees that Seller shall certify in the Seller’s Affidavit (i) for each of the
Properties, other than the 11200 W. Parkland Property, the Governor’s Pointe 8990 Property and the Republic Drive Property, that there are no options to purchase, rights of first refusal or rights of first offer affecting such Property;
(ii) for the 11200 W. Parkland Property, that (A) only Wells Fargo Bank, N.A. has a right of first offer affecting the 

  
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11200 W. Parkland Property and such right of first offer has been waived by Wells Fargo Bank in connection with 11200 W. Parkland’s sale of the 11200 W. Parkland Property to Purchaser, and
(B) there are no other options to purchase, rights of first refusal or rights of first offer affecting the 11200 W. Parkland Property; (iii) for the Governor’s Pointe 8990 Property, that (A) only Express Scripts (f/k/a Anthem
Prescription Management, LLC) has a right of first offer affecting the Governor’s Pointe 8990 Property and such right of first offer has been waived by Express Scripts in connection with Governor’s Pointe 8990’s sale of the
Governor’s Pointe 8990 Property to Purchaser, and (B) there are no other options to purchase, rights of first refusal or rights of first offer affecting the Governor’s Pointe 8990 Property; and (iv) for the Republic Drive
Property, that (A) only Ford Motor Land Development Corporation has a right of first offer affecting the Republic Drive Property and such right of first offer has been waived by Ford Motor Land Development Corporation in connection with
Republic Drive’s sale of the Republic Drive Property to Purchaser, and (B) there are no other options to purchase, rights of first refusal or rights of first offer affecting the Republic Drive Property. 

c. Purchaser hereby acknowledges and agrees that each applicable Seller has delivered a written waiver executed by the holder of the
applicable right pursuant to Section 4.3(h) of the Original Purchase Agreement. 
 6. Gap Indemnity.
Section 5.1(ab) of the Purchase Agreement is hereby added as follows: 
 “Gap Indemnity. A gap indemnity agreement
from each Seller in favor of Title Company, in the form required by Title Company, to provide gap insurance coverage for the Title Policies.” 

7. Loan Payoff. Section 5.1(ac) of the Purchase Agreement is hereby added as follows: 

“Loan Payoff. The applicable Sellers shall deliver all documentation reasonably required by the Title Company in order to
effectuate the payoff and release of those certain documents related to a loan in favor of Northwestern Mutual Life Insurance Company dated November 16, 2004, secured by 2500 Windy Ridge Parkway, 4100 & 4300 Wildwood Parkway and 4200
Wildwood Parkway, Atlanta, GA, including, without limitation, a Deed to Secure a Debt and Security Agreement, SNDA, and related UCC Financing Statements.” 

8. Tenant Inducement Costs. Exhibit “R” attached to the Purchase Agreement is hereby deleted in its entirety and
replaced with the list attached hereto as Exhibit F. 
 9. Tenant Estoppel Certificate. The form of the Tenant Estoppel
Certificate attached to the Purchase Agreement as Exhibit “P” is hereby deleted in its entirety and replaced with the form attached hereto as Exhibit E. The parties acknowledge that some of Tenant Estoppel Certificates
delivered to and executed by tenants at 4300 Centreway Property had the borrower noted as “THE GC NET LEASE (ARLINGTON CENTREWAY) INVESTORS, LLC” and not “THE GC NET LEASE (ARLINGTON) INVESTORS, LLC” on Schedule 1. 

10. Wildwood Lease DACC Documentation. 

a. Clause (C) of Section 4.3(i) of the Purchase Agreement is hereby deleted in its entirety and replaced with the following: 

“(C) a confirmation, which shall: (1) take the form of either (i) the Assignment and Assumption of the Memorandum of Agreement
executed by the Board of Tax Assessors of Cobb County, Georgia (the “Board”), or (ii) a writing from the Board, or (iii) a writing from the Tax Assessor of Cobb County, or (iv) the written meeting minutes of the Board
meeting, or (v) a video recording of the Board meeting; and (2) confirm that the Board, at a validly scheduled public meeting of the Board, has acknowledged that the transfer of the Wildwood Leasehold Interests to Purchaser is occurring
and that after giving effect to such transfer of the Wildwood Leasehold Interests to Purchaser the tax abatement under the Existing Tax Abatement Agreement shall continue (the “DACC Tax Abatement Confirmation”; and together with the
DACC Consent and the DACC Supporting Documentation, the “DACC Approval”).” 
 b. Section 5.1(n) of the Purchase
Agreement is hereby deleted in its entirety and replaced with the following: 
 “(n) DACC Consent. Two (2) counterparts of the DACC
Consent executed by the applicable Seller, Regions Bank and the DACC.” 

  
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 c. Not later than 5:00 P.M. (local Los Angeles, California time) on October 14, 2013, the
parties shall execute an amendment to the Purchase Agreement which attaches the form of the DACC Consent (as then mutually agreed upon by the applicable parties, each acting reasonably and in good faith) as an exhibit to the Purchase Agreement. 

d. In addition, Seller shall obtain a written confirmation from DACC, which may be included in the DACC Consent, that, to the best of
DACC’s knowledge as of the date of such writing: (i) the Wildwood Lease Agreement has not been amended or modified and is in full force and effect, (ii) no default has occurred under the same and no condition exists which, but for the
passage of time, the giving of notice, or both, would constitute a default under the terms of the Wildwood Lease Agreement and (iii), all conditions and obligations under the Wildwood Lease Agreement to be satisfied or performed have been satisfied
or performed. If Seller is unable to obtain such written confirmation, then Seller shall have the option to work with the Title Company to provide whatever the Title Company will reasonably accept in order to provide a title commitment with no
exception for the Wildwood Lease Agreement, which may include, without limitation, a Seller’s certificate, and Purchaser shall accept the same in lieu of such written confirmation being contained in the DACC Consent. 

11. CC&R Estoppel Certificates. Each applicable Seller shall use commercially reasonable efforts to obtain and deliver to Purchaser
prior to Closing a written estoppel certificate with respect to each of the applicable declarations, the covenants, conditions and restrictions or other similar instruments (“CC&Rs”) affecting each of the applicable Properties
as specifically set forth below from the applicable association or board of trustees or directors (and if such association or board has not been established, then the other applicable parties thereto) as specifically set forth below. Each applicable
CC&R Estoppel Certificate shall be addressed to Purchaser and its lender and state that (A) there is no default, monetary or otherwise, by the applicable Seller under such CC&Rs which has not otherwise been fully cured, and
(B) such CC&Rs remain in full force and effect; provided, however, that delivery of any or all of such signed CC&R Estoppel Certificates shall not be a condition of Closing; and in no event shall the inability or failure of such Seller
to obtain and deliver any of said CC&R Estoppel Certificates be a default of such Seller under the Purchase Agreement as amended hereby. Each Seller shall include in each Seller’s Affidavit a statement that, except as set forth in the
applicable title commitment, to the best of such Seller’s knowledge, there are no assessments currently owed under the applicable CC&R, whereupon, the Title Company has agreed to provide the comprehensive endorsement requested by Purchaser
and its lender. The following are the applicable CC&R Estoppel Certificate Properties and parties from whom each applicable Seller shall request an applicable CC&R Estoppel: 

 

	 	a.	1200 Morris Property: Chesterbrook Office Center 

  

	 	b.	13655 Riverport Property: Riverport Board of Trustees 

  

	 	c.	Governor’s Pointe – 8990 Property: Governors Pointe Owners’ Association 

  

	 	d.	Lakehurst Property: Tuttle Crossing Owners Association 

  

	 	e.	Macarthur Ridge Property: Las Colinas Association 

  

	 	f.	Northpointe – 15815 Property: Northpointe Corporate Center Owners’ Association 

  

	 	g.	Northpointe – 16201 Property: Northpointe Corporate Center Owners’ Association 

  

	 	h.	One Century Place Property: Century City Owner’s Association 

  

	 	i.	Republic Drive Property: Ford Motor Land Development Corporation 

  

	 	j.	2500 Windy Ridge Property: Cousins Properties Incorporated 

  

	 	k.	4100 &4300 Wildwood Property: Cousins Properties Incorporated 

  

	 	l.	4200 Wildwood Property: Cousins Properties Incorporated 

  

	 	m.	4300 Centreway Property: Westway Architectural & Environmental Committee 

  
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 12. Underground Storage Tanks. 

a. Lakehurst and Chase Center (as applicable, a “UST Seller”) shall each use commercially reasonable efforts to obtain and
deliver to Purchaser prior to Closing a written acknowledgement in the form of Exhibit G-1 and Exhibit G-2 (attached and made a part of this Amendment), (each a “UST Acknowledgement”) subject to changes requested by
the applicable tenant and agreed to by Purchaser and the applicable UST Obligors (defined below), each acting reasonably and in good faith, from the applicable tenant with respect to (i) the underground storage tank (“UST”) and
four monitoring wells (collectively, “Monitoring Wells”) on or about the property located at 4600 Lakehurst Court, Columbus, Ohio; and (ii) three (one 7,000 gallon and two 15,000 gallon) petroleum USTs and four Monitoring Wells
located at the Chase Center Property. Each such UST Acknowledgement shall provide for reliance by Purchaser and its lender and state that (A) the applicable tenant is solely responsible for all costs associated with the USTs and Monitoring
Wells, including, without limitation, maintenance, repair and replacement, registration, and compliance with all applicable laws and codes, and (B) that the applicable tenant’s indemnification provisions of the applicable lease shall apply
with respect to the USTs and Monitoring Wells; provided, however, that delivery of any or all of such signed UST Acknowledgements shall not be a specific condition of Closing (subject to Subsection (b) below); and in no event shall the
inability or failure of such Seller to obtain and deliver any of said UST Acknowledgements be a default of such Seller under the Purchase Agreement as amended hereby. 

b. If, and only if, any UST Seller does not deliver a UST Acknowledgement at or prior to Closing, then, except to the extent caused by the
negligence or willful misconduct of Purchaser, its affiliates, agents or employees, Columbia Property Trust Operating Partnership, L.P. (and any successor following a sale or merger of such entity) and, the applicable UST Seller (collectively, the
“UST Obligors”), shall jointly and severally (between Columbia Property Trust Operating Partnership, L.P and the applicable UST Seller) be obligated to reimburse Purchaser for Purchaser’s reasonable out of pocket costs incurred
by Purchaser with respect to any spill, leak or release of any Hazardous Substances caused by (A) the existence of the applicable USTs or the applicable Monitoring Wells, (B) the removal or decommissioning of the same, and (C) any
reasonably documented incremental increase in private insurance premiums or deductibles directly caused by any claim filed by Purchaser pursuant to Subsection (ii) below (the “UST Reimbursement”). The UST Reimbursement
obligation shall be subject to the following conditions: 
 (i) Any UST Reimbursement shall be effective only if (A) Purchaser
delivers a specific written notice to the applicable UST Obligors of the occurrence of a spill, leak or release of any Hazardous Substances for which Purchaser may seek a UST Reimbursement (a “UST Reimbursement Notice”) not
later than the third (3rd) anniversary of the Closing Date, and (B) Purchaser delivers to the applicable UST Obligor a specific written request with reasonable supporting documentation (a “UST Reimbursement Request”), not
later than the fourth (4th) anniversary of the Closing Date. The UST Obligors shall in no event have any obligation for any UST Reimbursement for which a UST Reimbursement Notice was not received or was received after such third
(3rd) anniversary, nor for any UST Reimbursement for which a UST Reimbursement Request no received or received after such fourth (4th) anniversary. 

(ii) Before requesting any UST Reimbursement, Purchaser shall use commercially reasonable efforts (which shall not require filing or pursuing
adjudication of a claim or suit) to pursue all of its rights and remedies against any applicable tenant, and to pursue all rights and remedies with respect to any applicable insurance policy or program, including, without limitation, the Ohio state
assurance program in which the tenants participate and any private policy carried by Purchaser and any federal, state, or local assistance available to Purchaser. Reasonable supporting documentation of Purchaser’s efforts with respect to the
same shall be included with any written Purchaser request for a UST Reimbursement as specified above. 
 (iii) The UST Reimbursement amount
shall be limited to Purchaser’s documented out of pocket costs incurred specifically as set forth in this Subsection (b), and may include consequential, direct, indirect or other damages, if actually incurred by Purchaser and its
successors and assigns, but in no event shall the total UST Reimbursement amount exceed One Million Dollars Five Hundred Thousand ($1,500,000) in the aggregate. 

(iv) The UST Reimbursement shall be the sole remedy available to Purchaser with respect to any costs incurred with respect to the USTs and
Monitoring Wells. Except as specifically and expressly modified by this Subsection (b), the limitations on indemnification set forth in Section 3.3 of the Original Purchase Agreement shall apply. The provisions of this
Section 12 shall not be subject to the provisions of Article 11 of the Original Purchase Agreement, including, without limitation, the Basket Limitation and the Cap Limitation. 

  
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 c. With respect to the Chase Center Property, Seller shall use commercially reasonable efforts to
work with the applicable tenant and Purchaser to enable Purchaser to perform a tank tightness test on the USTs at the Chase Center Property. Any such tank tightness test shall be subject to the provisions of Section 3.1 of the Original Purchase
Agreement. 
 13. Possible Chase Center Property Flooring Issue. The parties acknowledge that the Tenant Estoppel Certificate dated
September 19, 2013 signed by JPMorgan Chase Bank, N.A. (“Chase”) asserts in its Exhibit C a possible condition that needs to be further investigated. The parties agree to work together in good faith to investigate such
condition, which investigation shall include the engagement (at Seller’s cost) of a licensed, experienced, professional engineer or architect with commercially reasonable expertise (“Seller’s Professional”) to
provide a written assessment of the condition and the Seller’s Professional’s estimate of the cost to reasonably remedy the same (to the extent required). Purchaser shall have the right, but not the obligation, to engage (at
Purchaser’s sole cost and expense) a similarly qualified and licensed professional (“Purchaser’s Professional”, together with the Seller’s Professional, the “Professionals”) to investigate the
condition in cooperation with Seller’s Professional and to provide its own written assessment and estimate of costs to both parties. Upon receipt of (and, if applicable, exchange of) the Professionals’ assessment(s), the parties shall act
in good faith to negotiate a mutually agreed upon resolution which shall include the parameters of any remedy of the condition (to the extent required) and Seller’s obligation to pay all costs of such remedy. If the parties are unable to agree
upon such resolution by the Outside Closing Date, either party shall have the right to the extend the Outside Closing Date for a period not to exceed fifteen (15) days so that the parties may come to an agreement. In the event that the parties
fail to come to such agreement by the Outside Closing Date (as may be so extended), then Purchaser shall have the right to elect in writing either (A) to terminate the Purchase Agreement by written notice to Seller given on the second
(2nd) Business Day following the Outside Closing Date (as may be so extended), in which event Escrow Agent shall promptly return the Earnest Money to Purchaser and thereafter neither party shall have any further rights or obligations hereunder
except for those provisions of the Purchase Agreement which by their express terms survive the termination of the Purchase Agreement, or (B) to deem the Chase Center Property to be an “Excluded Property”, in which case the provisions
of clauses (i) and (ii) of the last paragraph of Section 6.1 of the Original Purchase Agreement shall apply and the portion of the Earnest Money allocated to the Chase Center Property (such allocation of Earnest Money to be equal to
one percent (1%) of the Purchase Price allocated to such Property on Exhibit “M”) shall be promptly returned to Purchaser by Escrow Agent. In the event that Purchaser fails to timely give any such notice, then Purchaser shall be
deemed to have elected to terminate the Purchase Agreement. Upon any such termination or deemed termination, at the request of any party, the other party shall promptly execute and deliver a written confirmation of such termination, provided that
the failure of a party to execute and deliver such confirmation shall not affect the effectiveness of the termination of the Purchase Agreement as aforesaid. 

14. Casualty and Condemnation. 

a. In the second paragraph of Section 7.1 of the Original Purchase Agreement, the phrase “the provisions of clauses
(i) through (iv) of the last paragraph of Section 6.1 shall apply” is hereby deleted in its entirety and replaced with the following: 

“the provisions of clauses (i) and (ii) of the last paragraph of Section 6.1 shall apply and the portion of the
Earnest Money allocated to such Property (such allocation of Earnest Money to be equal to one percent (1%) of the Purchase Price allocated to such Property on Exhibit “M”) shall be promptly returned to Purchaser by Escrow
Agent.” 
 b. In the second paragraph of Section 7.2 of the Purchase Agreement, the phrase “in which event the
provisions of clauses (i) through (iv) of the last paragraph of Section 6.1 shall apply to such Excluded Property” is hereby deleted in its entirety and replaced with the following: 

“in which event the provisions of clauses (i) and (ii) of the last paragraph of Section 6.1 shall apply to such
Excluded Property and the portion of the Earnest Money allocated to such Excluded Property (such allocation of Earnest Money to be equal to one percent (1%) of the Purchase Price allocated to such Excluded Property on Exhibit
“M”) shall be promptly returned to Purchaser by Escrow Agent.” 
 15. Additional Earnest Money. 

a. The parties hereby delete the phrase “on or before the last day of the Inspection Period” in the first sentence of
Section 2.3(b) of the Original Purchase Agreement and replace it with the phrase “on or before noon (local Los Angeles, California time) on October 11, 2013.” 

  
 6 

 b. The parties hereby delete the phrase “the Additional Deposit prior to the expiration of
the Inspection Period” in the second sentence of Section 3.6 of the Original Purchase Agreement and replace it with the phrase “the Additional Earnest Money on or before noon (local Los Angeles, California time) on October 11,
2013”. 
 16. Reinstatement, Full Force and Effect. The Purchase Agreement is hereby reinstated in full, ratified and remains in
full force and effect, as herein amended and modified. 
 17. Miscellaneous. 

a. Captions. The section headings or captions appearing in this Amendment are for convenience only, are not a part of this Amendment
and are not to be considered in interpreting this Amendment. 
 b. Counterparts. This Amendment may be executed in counterparts, each
of which shall be deemed an original, but all of which taken together shall constitute but one and the same document. Delivery of this signed Amendment by fax or by email shall be effective as delivery of signed originals. 

c. Entire Agreement; Modification. This Amendment constitutes the complete agreement between the parties regarding the subject matter
hereof, and supersedes any prior oral or written agreements between the parties pertaining to the subject matter hereof. There are no verbal agreements that change this Amendment, and no waiver of any of their respective terms will be effective,
unless in writing executed by the parties. 
 [signature page follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the Amendment Date.

 SELLERS: 
  

							
	WELLS REIT II - 11200 W. PARKLAND, LLC,
	a Delaware limited liability company
		
	By:	 	Columbia Property Trust Operating Partnership, L.P.,
		 	a Delaware limited partnership, its sole member
			
		 	By:	 	Columbia Property Trust, Inc.,
		 		 	a Maryland corporation, its general partner
				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

	
	 WELLS REIT II - 1200 MORRIS BUSINESS TRUST,

a Pennsylvania business trust

		
	By:	 	Columbia Property Trust, Inc.,
		 	a Maryland corporation, its trustee
				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

	
	 WELLS REIT II - 13655 RIVERPORT DRIVE, LLC,

a Delaware limited liability company

		
	By:	 	Columbia Property Trust Operating Partnership, L.P.,
		 	a Delaware limited partnership, its sole member
			
		 	By:	 	Columbia Property Trust, Inc.
		 		 	a Maryland corporation, its general partner
				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

  
 8 

							
	WELLS REIT II - 4300 CENTREWAY PLACE, LP,
	a Delaware limited partnership
		
	By:	 	Wells REIT II - 4300 Centreway Place, LLC, a Delaware limited liability company (registered to conduct business in the state of Texas as Wells REIT II - 4300 Centreway Place GP, LLC), its general partner
			
		 	By:	 	Columbia Property Trust Operating Partnership, L.P.,
		 		 	a Delaware limited partnership, its sole member
				
		 		 	By:	 	 Columbia Property Trust, Inc.,
 a Maryland
corporation, its general partner

				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

	
	 WELLS REIT II - 8909 PURDUE ROAD, LLC,

a Delaware limited liability company

		
	By:	 	Columbia Property Trust Operating Partnership, L.P.,
		 	a Delaware limited partnership, its sole member
			
		 	By:	 	Columbia Property Trust, Inc.,
		 		 	a Maryland corporation, its general partner
				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

	
	 WELLS REIT II - 800 BROOKSEDGE, LLC,

a Delaware limited liability company

		
	By:	 	Columbia Property Trust Operating Partnership, L.P.,
		 	a Delaware limited partnership, its sole member
			
		 	By:	 	Columbia Property Trust, Inc.,
		 		 	a Maryland corporation, its general partner
				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

  
 9 

							
	 WELLS REIT II - EAGLE ROCK EXECUTIVE OFFICE CENTER IV, LLC,

a Delaware limited liability company

		
	By:	 	 Columbia Property Trust Operating Partnership, L.P.,

a Delaware limited partnership, its sole member

			
		 	By:	 	 Columbia Property Trust, Inc.,
 a
Maryland corporation, its general partner

				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

	
	 WELLS GOVERNOR’S POINTE 4241 IRWIN SIMPSON, LLC,

a Delaware limited liability company

		
	By:	 	 Columbia Property Trust Operating Partnership, L.P.,

a Delaware limited partnership, its sole member

			
		 	By:	 	 Columbia Property Trust, Inc.,
 a
Maryland corporation, its general partner

				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

	
	 WELLS GOVERNOR’S POINTE 8990 DUKE, LLC,

a Delaware limited liability company

		
	By:	 	 Columbia Property Trust Operating Partnership, L.P.,

a Delaware limited partnership, its sole member

			
		 	By:	 	 Columbia Property Trust, Inc.,
 a
Maryland corporation, its general partner

				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

  
 10 

							
	 WELLS REIT II - LAKEHURST BRITTON, LLC,

a Delaware limited liability company

		
	By:	 	 Columbia Property Trust Operating Partnership, L.P.,

a Delaware limited partnership, its sole member

			
		 	By:	 	 Columbia Property Trust, Inc.,
 a
Maryland corporation, its general partner

				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

	
	 WELLS REIT II - MACARTHUR RIDGE I, L.P.,

a Delaware limited liability company

		
	By:	 	Wells REIT II - MacArthur Ridge I, LLC, a Delaware limited liability company (registered to conduct business in the state of Texas as Wells REIT II - MacArthur Ridge I GP, LLC), its general partner
			
		 	By:	 	 Columbia Property Trust Operating Partnership, L.P.,

a Delaware limited partnership, its sole member

				
		 		 	By:	 	 Columbia Property Trust, Inc.,
 a Maryland
corporation, its general partner

				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

	
	 WELLS REIT II - 15815 25TH AVENUE, LLC,

a Delaware

		
	By:	 	 Columbia Property Trust Operating Partnership, L.P.,

a Delaware limited partnership, its sole member

			
		 	By:	 	 Columbia Property Trust, Inc.,
 a
Maryland corporation, its general partner

				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

  
 11 

							
	 WELLS REIT II - 16201 25TH AVENUE, LLC,

a Delaware limited liability company

		
	By:	 	 Columbia Property Trust Operating Partnership, L.P.,

a Delaware limited partnership, its sole member

			
		 	By:	 	 Columbia Property Trust, Inc.,
 a
Maryland corporation, its general partner

				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

	
	 WELLS REIT II - REPUBLIC DRIVE, LLC,

a Delaware limited liability company

		
	By:	 	 Columbia Property Trust Operating Partnership, L.P.,

a Delaware limited partnership, its sole member

			
		 	By:	 	 Columbia Property Trust, Inc.,
 a
Maryland corporation, its general partner

				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

	
	 WELLS REIT II - WILDWOOD PROPERTIES, LLC,

a Delaware limited liability company

		
	By:	 	 Columbia Property Trust Operating Partnership, L.P.,

a Delaware limited partnership, its sole member

			
		 	By:	 	 Columbia Property Trust, Inc.,
 a
Maryland corporation, its general partner

				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

  
 12 

							
	 WELLS REIT II - ONE CENTURY PLACE, LLC,

a Delaware limited liability company

		
	By:	 	 Columbia Property Trust Operating Partnership, L.P.,

a Delaware limited partnership, its sole member

			
		 	By:	 	 Columbia Property Trust, Inc.,
 a
Maryland corporation, its general partner

				
		 		 	By:	 	 /s/ Kevin A. Hoover

		 		 	Name:	 	 Kevin A. Hoover

		 		 	Title:	 	 Senior Vice President

 

							
	PURCHASER:
	
	 GRIFFIN CAPITAL CORPORATION,

a California corporation

		
	By:	 	 /s/ Michael J. Escalante

	Name:	 	 Michael J. Escalante

	Title:	 	 Chief Investment Officer

 ACKNOWLEDGED AND AGREED FOR PURPOSES OF SECTION 11.1 OF THE ORIGINAL PURCHASE AGREEMENT: 

 

					
	 Columbia Property Trust Operating Partnership, L.P.,

A Delaware limited partnership, its sole member

		
	By:	 	Columbia Property Trust, Inc., a Maryland corporation, its general partner
			
		 	        By:	 	 /s/ Kevin A. Hoover

		 	        Name:	 	 Kevin A. Hoover

		 	        Title:	 	 Senior Vice President

  
 13EX-10.3

 Exhibit 10.3 

CREDIT AGREEMENT 
 dated as of

 November 5, 2013 
 among

 THE GC NET LEASE (ATLANTA WINDY RIDGE) INVESTORS, LLC 

THE GC NET LEASE (ATLANTA WILDWOOD I) INVESTORS, LLC 

THE GC NET LEASE (ATLANTA WILDWOOD II) INVESTORS, LLC 

THE GC NET LEASE (MASON SIMPSON) INVESTORS, LLC 

THE GC NET LEASE (MASON DUKE) INVESTORS, LLC 

THE GC NET LEASE (WESTERVILLE) INVESTORS, LLC 

THE GC NET LEASE (DUBLIN) INVESTORS, LLC 

THE GC NET LEASE (ARLINGTON CENTREWAY) INVESTORS, LLC 

THE GC NET LEASE (IRVING) INVESTORS, LLC 

THE GC NET LEASE (ALLEN PARK) INVESTORS, LLC 

THE GC NET LEASE (EAST HANOVER) INVESTORS, LLC 

THE GC NET LEASE (INDIANAPOLIS) INVESTORS, LLC 

THE GC NET LEASE (MILWAUKEE) INVESTORS, LLC 

THE GC NET LEASE (NASHVILLE CENTURY) INVESTORS, LLC 

THE GC NET LEASE (WAYNE) INVESTORS, LLC 

THE GC NET LEASE (LYNNWOOD I ) INVESTORS, LLC 

THE GC NET LEASE (LYNNWOOD II ) INVESTORS, LLC 

THE GC NET LEASE (MARYLAND HEIGHTS) INVESTORS, LLC 

ALL DELAWARE LIMITED LIABILITY COMPANIES 

collectively as Borrower 
 and 

The Lenders Party Hereto 
 and

 KEYBANK, NATIONAL ASSOCIATION, 

as Administrative Agent 
 KEYBANC
CAPITAL MARKETS, 
 AS LEAD BOOKRUNNER AND LEAD ARRANGER 

FIFTH THIRD BANK AS SYNDICATION AGENT 

 ARTICLE I

Definitions 
 SECTION 1.01
Defined Terms. As used in this Agreement, the following terms have the meanings specified below: 
 “ABR,” when used
in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Alternate Base Rate. 

“Acceptable Letter of Credit” means an irrevocable, transferrable letter of credit from a commercial bank having an office in
Boston, Massachusetts or New York, New York reasonably acceptable to Administrative Agent, which letter of credit shall have an expiration date of at least one (1) year with evergreen provisions, which may be drawn upon by sight draft alone and
which otherwise shall be reasonably acceptable to Administrative Agent in form and content. 
 “Adjusted LIBO Rate” means,
with respect to any Eurodollar Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to (a) the LIBO Rate for such Interest Period multiplied by (b) the Statutory
Reserve Rate. 
 “Administrative Agent” means KeyBank, National Association, in its capacity as administrative agent for
the Lenders hereunder. 
 “Administrative Questionnaire” means an Administrative Questionnaire in a form supplied by the
Administrative Agent. 
 “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly
through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Allocated
Loan Amount” means, as to each Mortgaged Property, (a) initially, the amount set forth on Schedule ALA, plus, in each instance, the amount of any of the applicable Available Holdback Amount advanced with respect to such Mortgaged
Property, and (b) thereafter, in the event the Administrative Agent receives from time to time a new Appraisal as to any Mortgaged Property, an amount equal to each Mortgaged Property’s Value Percentage multiplied by the outstanding
principal balance of the Loan. 
 “Alternate Base Rate” means, for any day, a rate per annum equal to the greater of
(a) the Prime Rate in effect on such day, (b) the Federal Funds Effective Rate in effect on such day plus 1/2 of 1%. Any change in the Alternate Base Rate due to a change in the Prime Rate or the Federal Funds Effective Rate shall be
effective from and including the effective date of such change in the Prime Rate or the Federal Funds Effective Rate, respectively. 

“Applicable Percentage” means, with respect to any Lender, the percentage of the total Commitments represented by such
Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Credit Exposure most recently in effect, giving effect to any assignments. 

“Applicable Rate” means, for any day, with respect to any ABR Loan or Eurodollar Loan, as the case may be, the applicable
rate per annum set forth below under the caption “ABR Spread” or “Eurodollar Spread”: 
  

							
	Eurodollar
Spread	 	 	ABR
Spread	 
	 	2.00	% 	 	 	1.00	% 

 “Appraisal” (whether one or more) means a written appraisal of the Mortgaged
Properties by an MAI appraiser satisfactory to the Administrative Agent. Each Appraisal must comply with all Legal Requirements and, unless specifically provided to the contrary in this Agreement, must be in form and substance satisfactory to the
Administrative Agent. 
 “Appraised Value” means, as so specified in respective provisions of the Agreement, either the
“as is” or “as stabilized” value of a Mortgaged Property, as set forth in the Appraisal for such Mortgaged Property. 

“Approved Fund” has the meaning set forth in Section 9.04(b). 

“Approved Lease” has the meaning set forth in Section 6.11. 

“Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and an assignee (with the consent of
any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent. 

“Availability Period” means the period from and including the Effective Date to but excluding the Maturity Date. 

“Available Holdback Amount” means, for each Mortgaged Property, the amount set forth on Schedule ALA. 

“Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

“Borrower” means, collectively, THE GC NET LEASE (ATLANTA WINDY RIDGE) INVESTORS, LLC, THE GC NET LEASE (ATLANTA WILDWOOD I)
INVESTORS, LLC, THE GC NET LEASE (ATLANTA WILDWOOD II) INVESTORS, LLC, THE GC NET LEASE (MASON SIMPSON) INVESTORS, LLC, THE GC NET LEASE (MASON DUKE) INVESTORS, LLC, THE GC NET LEASE (WESTERVILLE) INVESTORS, LLC, THE GC NET LEASE (DUBLIN) INVESTORS,
LLC, THE GC NET LEASE (ARLINGTON CENTREWAY) INVESTORS, LLC, THE GC NET LEASE (IRVING) INVESTORS, LLC, THE GC NET LEASE (ALLEN PARK) INVESTORS, LLC, THE GC NET LEASE (EAST HANOVER) INVESTORS, LLC, THE GC NET LEASE (INDIANAPOLIS) INVESTORS, LLC, THE
GC NET LEASE (MILWAUKEE) INVESTORS, LLC, THE GC NET LEASE (NASHVILLE CENTURY) INVESTORS, LLC, THE GC NET LEASE (WAYNE) INVESTORS, LLC, THE GC NET LEASE (LYNNWOOD I ) INVESTORS, LLC, THE GC NET LEASE (LYNNWOOD II ) INVESTORS, LLC, THE GC NET LEASE
(MARYLAND HEIGHTS) INVESTORS, LLC, each a Delaware limited liability company and any other Person who from time to time becomes a “Borrower” as required by Section 5.12. 

“Borrowing” means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans,
as to which a single Interest Period is in effect. 
 “Borrowing Request” means a request by the Borrower for a Borrowing
in accordance with Section 2.03. 
 “Business Day” means any day that is not a Saturday, Sunday or other day on
which commercial banks in Boston, Massachusetts or New York, New York are authorized or required by law to remain closed; provided that, when used in connection with a Eurodollar Loan, the term “Business Day” shall also
exclude any day on which banks are not open for dealings in dollar deposits in the London interbank market. 
 “Capital Expenditure
Reserve” means, on an annual basis, an amount equal to $0.25 per square foot for each Mortgaged Property. 
 “Capital Lease
Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are
required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP. 

“Cash Sweep Period” shall have the meaning set forth in Section 5.02(a). 

  
 - 2 - 

 “Change in Control” means (a) the acquisition of ownership, directly or
indirectly, beneficially or of record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities and Exchange Commission thereunder as in effect on the date hereof), of shares representing more
than fifty percent (50%) of the aggregate ordinary voting power represented by the issued and outstanding capital stock of the Parent; (b) occupation of a majority of the seats (other than vacant seats) on the board of directors of the
Parent by Persons who were neither (i) nominated by the board of directors of the Parent nor (ii) appointed by directors so nominated; (c) the acquisition of direct or indirect Control of the Parent by any Person or group;
(d) the replacement, removal or resignation of Griffin Capital Corporation or an Affiliate thereof as asset manager and advisor to the Borrower and the Parent, or (e) the failure of the OP to own, directly or indirectly, free and clear of
any Liens, 100% of the ownership interests in each Borrower; provided however, that the exercise by a Starwood Entity of its rights under the Starwood Documents to (i) elect a majority of the board of directors (as more particularly set forth
in Section 3.2 of the Investor Rights Agreement referenced in clause (b) of the definition of the Starwood Documents) of the Guarantor or (ii) cause the issuance of the Series A Preferred Shares (as defined in the Starwood Documents)
shall not be deemed to constitute a Change in Control hereunder, provided further, that any exercise of any Starwood Entity’s rights to (x) to replace Griffin Capital Essential Asset Advisor, LLC under the Subordination of Second Amended
and Restated Advisory Agreement entered into between the Parent, SPT Griffin Holdings, LLC, and Griffin Capital Essential Asset Advisor, LLC, or (y) to replace Griffin Capital Essential Asset Property Management, LLC under the Subordination of
Management Agreements entered into between the OP, various affiliates of the OP, SPT Griffin Holdings, LLC, and Griffin Capital Essential Asset Property Management, LLC with respect to any Mortgaged Property, shall require the prior approval of the
Lenders in their sole discretion. 
 “Change in Law” means (a) the adoption of any law, rule or regulation after the
date of this Agreement by any Governmental Authority, (b) any change in any law, rule or regulation or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance by any
Lender (or, for purposes of Section 2.14(b), by any lending office of such Lender or by such Lender’s holding company, if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental
Authority made or issued after the date of this Agreement. Notwithstanding anything herein to the contrary, (a) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued
in connection therewith and (b) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or
foreign regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued. 

“Code” means the Internal Revenue Code of 1986, as amended from time to time. 

“Collateral” means all property, tangible or intangible, real, personal or mixed, now or hereafter subject to the liens and
security interests of the Loan Documents, or intended so to be, which Collateral shall secure the Obligations and the Hedging Obligations on a pari passu basis. 

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time, and any
successor statute. 
 “Commitment” means, with respect to each Lender, the commitment of such Lender to make Loans
hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Credit Exposure hereunder, as such commitment may be reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to
Section 9.04. The initial amount of each Lender’s Commitment is set forth on Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Lender shall have assumed its Commitment, as applicable. The aggregate
amount of the Lenders’ Commitments is $300,000,000.00. 
 “Compliance Certificate” has the meaning set forth in
Section 5.01(d) hereof and a form of which is attached hereto as Exhibit B. 
 “Control” means the
possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise, which includes the customary powers of a
managing member of any limited liability company, any general partner of any limited partnership, or any board of directors of a corporation. “Controlling” and “Controlled” have meanings correlative thereto. 

  
 - 3 - 

 “Cost” means, as to the Mortgaged Properties (a) the acquisitions costs
incurred by the Borrower and (b) all Leasing Costs. 
 “Cost To Repair” has the meaning set forth in
Section 5.06(d). 
 “Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding
principal amount of such Lender’s Loans. 
 “Credit Party” means each Borrower and each Guarantor. 

“Current Survey” shall mean the boundary survey of each of the Mortgaged Properties that is more particularly described on
Schedule 1.01 hereto. 
 “Debtor Relief Laws” means any applicable liquidation, conservatorship, bankruptcy,
moratorium, rearrangement, insolvency, fraudulent conveyance, reorganization, or similar laws affecting the rights, remedies, or recourse of creditors generally, including without limitation the Bankruptcy Code and all amendments thereto, as are in
effect from time to time during the term of this Agreement. 
 “Deed of Trust” (whether one or more) means a deed of trust
and security agreement, a mortgage and security agreement, or a security deed and security agreement covering the Mortgaged Properties, as amended, modified, restated or supplemented from time to time. 

“Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both
would, unless cured or waived, become an Event of Default. 
 “Defaulting Lender” means any Lender that: (a) has
failed to perform any of its funding obligations hereunder, including in respect of its Commitment, within two (2) Business Days of the date required to be funded by it hereunder; (b) has notified the Borrower or Administrative Agent that
it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its funding obligations hereunder (unless such notification or public statement relates to such Lender’s obligation to fund
a Loan and indicates that such position is based on such Lender’s good faith determination that a condition precedent (specifically identified and including the particular Default, if any) to funding a Loan is not or cannot be satisfied) or
under other agreements in which it commits to extend credit; (c) has failed, within two (2) Business Days after written request by the Administrative Agent or a Borrower (and the Administrative Agent has received a copy of such request),
to confirm in a manner satisfactory to the Administrative Agent that it will comply with its funding obligations hereunder; or (d) has, or has a direct or indirect parent company that has: (i) become the subject of a proceeding under any
Debtor Relief Law; (ii) had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it; or (iii) in
the good faith determination of the Administrative Agent, taken any material action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not be
a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority; provided, further, that such ownership interest
does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to
reject, repudiate, disavow or disaffirm any contracts or agreements made by such Lender. 
 “Dollars” or
“$” refers to lawful money of the United States of America. 
 “DSCR Deposit” shall have the meaning set
forth in Section 5.02(c)(i). 
 “Effective Date” means the date on which the conditions specified in
Section 4.01 are satisfied (or waived in accordance with Section 9.02). 
 “Eligible Assignee”
means any one or more of the following, provided in each instance the Lenders have received and approved all “know your customer” and other information as the Lenders may reasonably request with respect to such Person taking title to the
Preferred Units or Series A Preferred Shares: (A) (i) a commercial bank organized under the laws of the United States, or any State thereof, respectively, and having total assets in excess of $600,000,000 and liquid assets in excess of
$250,000,000; (ii) an investment bank, savings and loan association or 

  
 - 4 - 

 
savings bank organized under the laws of the United States or any State thereof, and having total assets in excess of $600,000,000 and liquid assets in excess of $250,000,000; (iii) a
commercial bank organized under the laws of any other country that is a member of the OECD or has concluded special lending arrangements with the International Monetary Fund associated with its General Arrangements to Borrow, or a political
subdivision of any such country, and having total assets in excess of $600,000,000 and liquid assets in excess of $250,000,000, so long as such bank is acting through a branch or agency located in the United States; (iv) the central bank of any
country that is a member of the OECD; (v) a real estate investment trust, trust company, commercial credit corporation, hedge fund, opportunity fund, pension plan, pension fund or pension advisory firm, mutual fund, government entity, plan
finance company, insurance company or other financial institution or fund (whether a corporation, partnership, trust or other entity) that is engaged in making, purchasing or otherwise investing in commercial loans in the ordinary course of its
business and having total assets in excess of $600,000,000 and liquid assets in excess of $250,000,000; (vi) an investment fund, investment company, money management firm or “qualified institutional buyer” within the meaning of Rule
144A under the Securities Act of 1933, as amended, or an institutional “accredited investor” within the meaning of Regulation D under the Securities Act of 1933, as amended, and (vii) any Person described in clauses (i) through
(vi) of this clause (A) acting as agent on behalf of another lender or group of lenders, whether or not such lenders are Eligible Assignees and (B) any Person Controlling, Controlled by or under common Control with any Person
described in clause (A). As used in this definition, “Control” means (i) the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of
voting securities, by contract or otherwise, and (ii) the ownership, direct or indirect, of no less than fifty-one percent (51%) of the voting securities of such Person, and the terms “Controlled,” “Controlling” and
“Common Control” in this definition shall have correlative meanings. 
 “Eligible Institution” means a depository
institution insured by the Federal Deposit Insurance Corporation the short term unsecured debt obligations or commercial paper of which are rated at least A1 by S&P, P1 by Moody’s and F1 by Fitch in the case of accounts in which funds are
held for thirty (30) days or less or, in the case of accounts in which funds are held for more than thirty (30) days or in the case of letters of credit, the long term unsecured debt obligations of which are rated at least A by Fitch and
S&P and A2 by Moody’s. 
 “Environmental Assessment” shall mean a written assessment and report approved by the
Administrative Agent as to the status of any Mortgaged Properties regarding compliance with any Legal Requirements related to environmental matters and accompanied by a reliance letter satisfactory to the Administrative Agent. Each Environmental
Assessment must comply with all Legal Requirements. 
 “Environmental Claim” means any notice of violation, action, claim,
Environmental Lien, demand, abatement or other order or direction (conditional or otherwise) by any Governmental Authority or any other Person for personal injury (including sickness, disease or death), tangible or intangible property damage, damage
to the environment, nuisance, pollution, contamination or other adverse effects on the environment, or for fines, penalties or restriction, resulting from or based upon (i) the existence, or the continuation of the existence, of a Release
(including, without limitation, sudden or non-sudden accidental or non-accidental Releases) of, or exposure to, any Hazardous Material, or other Release in, into or onto the environment (including, without limitation, the air, soil, surface water or
groundwater) at, in, by, from or related to any property owned, operated or leased by a Borrower or any activities or operations thereof; (ii) the environmental aspects of the transportation, storage, treatment or disposal of Hazardous
Materials in connection with any property owned, operated or leased by the Borrower or their operations or facilities; or (iii) the violation, or alleged violation, of any Environmental Laws or Environmental Permits of or from any Governmental
Authority relating to environmental matters connected with any property owned, leased or operated by the Borrower. 
 “Environmental
Indemnity” means the Environmental Indemnity dated of even date herewith executed by the Borrower and Guarantor and delivered to the Administrative Agent, as amended, modified, restated or supplemented from time to time. 

“Environmental Laws” means all applicable laws, rules, regulations, codes, ordinances, orders, decrees, judgments,
injunctions, or binding agreements issued, promulgated or entered into by any Governmental Authority, relating in any way to the environment, preservation or reclamation of natural resources, the management, release or threatened release of any
Hazardous Material or to health and safety matters and includes (without limitation) the Comprehensive Environmental Response, Compensation, and Liability Act (“CERCLA”), 42 U.S.C. § 9601 et seq.,

  
 - 5 - 

 
the Hazardous Materials Transportation Act, 49 U.S.C. § 1801 et seq., the Federal Insecticide, Fungicide, and Rodenticide Act, 7 U.S.C. § 136 et
seq., the Resource Conservation and Recovery Act (“RCRA”), 42 U.S.C. § 6901 et seq., the Toxic Substances Control Act, 15 U.S.C. § 2601 et seq., the Clean Air Act, 42 U.S.C.
§7401 et seq., the Clean Water Act, 33 U.S.C. § 1251 et seq., the Occupational Safety and Health Act, 29 U.S.C. § 651 et seq., (to the extent the same relates to any Hazardous
Materials), and the Oil Pollution Act of 1990, 33 U.S.C. § 2701 et seq., as such laws have been amended or supplemented, and the regulations promulgated pursuant thereto, and all analogous state and local statutes. 

“Environmental Liability” means any liability, contingent or otherwise (including any liability for damages, costs of
environmental remediation, fines, penalties or indemnities), of the Borrower directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) exposure to any Hazardous Materials in violation of any
Environmental Law, (c) the Release or threatened Release of any Hazardous Materials into the environment in violation of any Environmental Law or (d) any contract, agreement or other consensual arrangement pursuant to which liability is
assumed or imposed with respect to any of the foregoing. 
 “Environmental Lien” means any lien in favor of any
Governmental Authority arising under any Environmental Law. 
 “Environmental Permit” means any permit required under any
applicable Environmental Law or under any and all supporting documents associated therewith. 
 “ERISA” means the Employee
Retirement Income Security Act of 1974, as amended from time to time. 
 “ERISA Affiliate” means any trade or business
(whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a
single employer under Section 414 of the Code. 
 “ERISA Event” means (a) any “reportable event”, as
defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) the existence with respect to any Plan of an “accumulated funding
deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of the Code or Section 303(d) of ERISA of an application for a waiver of the
minimum funding standard with respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Borrower
or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Borrower or any of its ERISA Affiliates
of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or
any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA. 

“Eurodollar,” when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such
Borrowing, are bearing interest at a rate determined by reference to the Adjusted LIBO Rate. 
 “Event of Default” has the
meaning assigned to such term in Article VII. 
 “Excluded Taxes” means, with respect to the Administrative Agent,
any Lender or any other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) income or franchise taxes imposed on (or measured by) its net income by the United States of America, or by the
jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located, (b) any branch profits taxes imposed by the United
States of America or any similar tax imposed by any other jurisdiction in which the Borrower is located, and (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Borrower under Section 2.18(b)),
any withholding tax that is imposed on amounts payable to such Foreign Lender at the time such Foreign Lender becomes a party to this Agreement (or designates a new lending office) or is attributable to such Foreign Lender’s failure to comply
with Section 2.16(e), except to the extent that such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect
to such withholding tax pursuant to Section 2.16(a), and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA. 

  
 - 6 - 

 “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this
Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any current or future regulations or official interpretations thereof. 

“Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of
1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is
not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of
recognized standing selected by it. 
 “Financial Officer” means the chief financial officer or the chief accounting
officer of the Parent. 
 “Financing Statements” means all such Uniform Commercial Code financing statements as the
Administrative Agent shall require, duly authorized by the Borrower to give notice of and to perfect or continue perfection of the Lenders’ security interest in all Collateral. 

“Foreign Lender” means any Lender that is organized under the laws of a jurisdiction other than that in which the Borrower is
organized. For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 

“GAAP” means generally accepted accounting principles in the United States of America, provided that if the Lead Borrower
notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if
the Administrative Agent notifies the Lead Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application
thereof, then any provision herein which references GAAP shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision
amended in accordance herewith. 
 “GE Allowance” means $6,402,575.00. 

“Governmental Authority” means the government of the United States of America, any other nation or any political subdivision
thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining
to government. 
 “Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or
otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any
obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any
security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity
capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of
guaranty issued to support such Indebtedness or obligation; provided, that the term Guarantee shall not include endorsements for collection or deposit in the ordinary course of business. 

“Guarantor” means the Parent, and any other Person who from time to time has executed a Guaranty as required by the terms of
this Agreement. 
 “Guaranty” means a guaranty in the form of Exhibit C attached hereto. 

  
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 “Hazardous Materials” means all explosive or radioactive substances or wastes
and all hazardous or toxic substances or wastes, including petroleum or petroleum distillates, asbestos or asbestos containing materials, polychlorinated biphenyls, radon gas, infectious or medical wastes and all other substances or wastes of any
nature regulated pursuant to any Environmental Law; provided, that Hazardous Materials shall not include any such substances or wastes utilized or maintained at the Real Property in the ordinary course of business and in accordance with all
applicable Environmental Laws. 
 “Hedging Agreement” means any interest rate protection agreement, foreign currency
exchange agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement. 

“Hedging Obligations” means, with respect to the Parent, any Borrower or any Subsidiary of the Parent, any obligations
arising under any Hedging Agreement entered into with the Administrative Agent. 
 “Indebtedness” of any Person means,
without duplication, (a) all obligations of such Person for borrowed money or with respect to deposits or advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, including
mandatorily redeemable preferred stock, (c) all obligations of such Person upon which interest charges are customarily paid, (d) all obligations of such Person under conditional sale or other title retention agreements relating to property
acquired by such Person, (e) all obligations of such Person in respect of the deferred purchase price of property or services (excluding current accounts payable incurred in the ordinary course of business), (f) all Indebtedness of others
secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed,
(g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease Obligations of such Person, (i) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and
letters of guaranty, (j) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances, (k) all obligations contingent or otherwise, of such Person with respect to any Hedging Agreements (calculated on a
mark-to-market basis as of the reporting date), and (l) payments received in consideration of sale of an ownership interest in Borrower when the interest so sold is determined, and the date of delivery is, more than one (1) month after
receipt of such payment and only to the extent that the obligation to deliver such interest is not payable solely in such interest of such Person. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any
partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness
provide that such Person is not liable therefor. Indebtedness shall be calculated on a consolidated basis in accordance with GAAP. 

“Indemnified Taxes” means Taxes other than Excluded Taxes. 

“Initial Advance” means an initial Borrowing in the amount of the lesser of (a) $282,000,000.00, (b) fifty five
percent (55%) of the aggregate “as is” Appraised Value of the Mortgaged Properties as of the Effective Date, or (c) fifty five percent (55%) of the aggregate purchase price of the Mortgaged Properties. 

“Interest Election Request” means a request by the Borrower to convert or continue a Borrowing in accordance with
Section 2.07. 
 “Interest Payment Date” means the first Business Day of each calendar month. 

“Interest Period” means with respect to any Eurodollar Borrowing, the period commencing on the date of such Borrowing and
ending on the numerically corresponding day in the calendar month that is one, three or six months thereafter; provided, that (a) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended
to the next succeeding Business Day unless, in the case of a Eurodollar Borrowing only, such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and
(b) any Interest Period pertaining to a Eurodollar Borrowing that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall
end on the last Business Day of the last calendar month of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and, in the case of a Borrowing, thereafter shall be the
effective date of the most recent conversion or continuation of such Borrowing. 

  
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 “Interest Expense” shall mean all of a Person’s paid, accrued or
capitalized interest expense on such Person’s Indebtedness (whether direct, indirect or contingent, and including, without limitation, interest on all convertible debt). 

“KeyBank” means KeyBank, National Association, in its individual capacity. 

“Lead Borrower” means THE GC NET LEASE (ATLANTA WINDY RIDGE) INVESTORS, LLC, a Delaware limited liability company. 

“Leasing Budget” means a leasing budget approved by Administrative Agent. Such budget may be adjusted annually to reflect
changes in the leasing status of the Mortgaged Properties or the release of Mortgaged Properties, as approved by Administrative Agent 

“Leasing Costs” means tenant improvement costs and leasing commissions incurred in connection with Approved Leases. 

“Leasing Reserve Account” means an account held with Administrative Agent into which Borrower shall deposit the funds
required to be deposited pursuant to 5.15(c) hereof. 
 “Legal Requirement” means any law, statute, ordinance,
decree, requirement, order, judgment, rule, regulation (or interpretation of any of the foregoing) of, and the terms of any license or permit issued by, any Governmental Authority. 

“Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a party hereto
pursuant to an Assignment and Acceptance, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Acceptance. 

“LIBO Rate” means, with respect to any Eurodollar Borrowing for any Interest Period, a rate per annum equal to the rate for
U.S. dollar deposits for the subject Interest Period as shown on Reuters LIBOR01 Page or any successor service in Dow Jones Markets (formerly Telerate Page 3750) as of 11:00 a.m., London time, two Business Days prior to the commencement of such
Interest Period; provided, however, that if such rate does not then appear on Reuters LIBOR01 Page or any successor service, the “London Interbank Offered Rate” applicable to a particular Interest Period shall mean a rate per annum
equal to the rate at which U.S. dollar deposits in an amount approximately equal to the subject loan, and with maturities of equal to such Interest Period, are offered in immediately available funds in the London Interbank Market to the London
office of the Administrative Agent by leading banks in the Eurodollar market at 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period. 

“Lien” means, with respect to an asset, (a) any mortgage, deed of trust, lien (statutory or other), pledge,
hypothecation, negative pledge, collateral assignment, encumbrance, deposit arrangement, charge or security interest in, on or of such asset; (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title
retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset; (c) the filing under the Uniform Commercial Code or comparable law of any jurisdiction of any financing
statement naming the owner of the asset to which such Lien relates as debtor; (d) any other preferential arrangement of any kind or nature whatsoever intended to assure payment of any Indebtedness or other obligation; and (e) in the case
of securities, any purchase option, call or similar right of a third party with respect to such securities, including any dividend reinvestment or redemption plans. 

“Loan” means a Loan made pursuant to Section 2.01; the maximum amount of the Loan shall not exceed an amount
equal to the lesser of (a) the Maximum Loan Amount, (b) fifty five percent (55%) of the aggregate “as stabilized” Appraised Value of the Mortgaged Properties as of the Effective Date, or (c) fifty five percent
(55%) of the Costs of the Borrower related to the Mortgaged Properties. 
 “Loan Documents” means this Agreement, the
Notes, the Guaranty, the Deed of Trust, the Financing Statements, the Environmental Indemnity, the Subordination of Management Fees, and all other instruments, agreements and written obligations executed and delivered by any of the Credit Parties in
connection with the transactions contemplated hereby. 

  
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 “Loans” means the loans made by the Lenders to the Borrower pursuant to this
Agreement. 
 “Majority Lenders” means, at any time, Lenders that are not Defaulting Lenders having Credit Exposures and
unused Commitments representing in excess of fifty percent (50%) of the sum of the total Credit Exposures and unused Commitments (excluding the Credit Exposures and unused Commitments of such Defaulting Lenders) at such time. 

“Major Lease” means any lease for space in a Mortgage Property(ies) demising in excess of 50,000 square feet but less than
200,000 square feet of space. 
 “Majority Lender Lease” means any lease for space in a Mortgage Property(ies) demising
space equal to or greater than 200,000 square feet. 
 “Management Company” means, collectively, Griffin Capital Essential
Asset Property Management, LLC and/or Griffin Capital Essential Asset Advisor, LLC. 
 “Material Adverse Effect” means a
material adverse effect on (a) the business, assets, operations, or condition, financial or otherwise, of the Borrower and the Guarantor, taken as a whole (b) the ability of any of the Credit Parties to perform their obligations under the
Loan Documents or (c) the rights of or benefits available to the Administrative Agent or the Lenders under the Loan Documents. 

“Material Contract” means any contract or other arrangement (other than Loan Documents), whether written or oral, to which
any Credit Party is a party as to which the breach, nonperformance, cancellation or failure to renew by any party thereto could reasonably be expected to have a Material Adverse Effect. 

“Maturity Date” means November 5, 2016, as the same may be extended in accordance with Section 2.19. 

“Maximum Loan Amount” means $300,000,000.00. 

“Maximum Rate” shall have the meaning set forth in Section 9.13. 

“Mortgaged Property(ies)” means the Real Property described on Schedule 5.12 attached hereto which are subject to the
Liens of a Deed of Trust in accordance with this Agreement. 
 “Multiemployer Plan” means a multiemployer plan as defined
in Section 4001(a)(3) of ERISA. 
 “Net Operating Income” shall mean, for any income producing operating Real
Property, the difference between (a) any rentals, proceeds and other income received from such property, but excluding (i) any early lease termination penalties during the determination period and (ii) the effect of straight-line
rents, less (b) an amount equal to all costs and expenses (excluding Interest Expense, depreciation and amortization expense, and any expenditures that are capitalized in accordance with GAAP) incurred as a result of, or in connection
with, or properly allocated to, the operation or leasing of such property during the determination period; provided, however, that the amount for the expenses for the management of a property included in clause (b) above shall be set at
the greater of actual or three percent (3%) of the amount provided in clause (a) above, less (c) the Capital Expenditure Reserve, less (d) rent related to any space whereby the existing tenant has provided notice
that it will terminate the subject lease for such space, within the six (6) month period following the subject quarter end, plus (e) scheduled quarterly rental payments from Approved Leases with respect to any space referenced in the
foregoing clause (d), plus (f) for tenants with rent abatements of twelve months or less, the quarterly contractual rent due upon commencement of full rental payments by such tenant. Net Operating Income shall be calculated based on the
immediately preceding calendar quarter. Net Operating Income will also be adjusted to remove any impact from amortization of intangibles pursuant to FAS 141. 

“Note” means a promissory note in the form attached hereto as Exhibit D payable to a Lender evidencing certain of the
obligations of the Borrower to such Lender and executed by Borrower, as the same may be amended, supplemented, modified or restated from time to time; “Notes” means, collectively, all of such Notes outstanding at any given time.

  
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 “Obligations” means all liabilities, obligations, covenants and duties of any
Credit Party to the Administrative Agent and/or any Lender arising under or otherwise with respect to any Loan Document, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing
or hereafter arising and including interest and fees that accrue after the commencement by or against any Credit Party or any Affiliate thereof of any proceeding under any bankruptcy or other insolvency proceeding naming such person as the debtor in
such proceeding, regardless of whether such interest and fees are allowed claims in such proceedings. 
 “OP” means Griffin
Capital Essential Asset Operating Partnership, L.P., a Delaware limited partnership. 
 “Other Taxes” means any and all
present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement,
and not including the Excluded Taxes. 
 “Parent” means Griffin Capital Essential Asset REIT, Inc., a Maryland corporation.

 “Participant Register” shall have the meaning set forth in Section 9.04(c). 

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing
similar functions. 
 “Permitted Encumbrances” means: 

(a) Liens imposed by law for taxes that are not yet due or are being contested in compliance with Section 5.05; 

(b) pledges and deposits made in the ordinary course of business in compliance with workers’ compensation, unemployment insurance and
other social security laws or regulations; 
 (c) deposits to secure the performance of bids, trade contracts, purchase, construction or
sales contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature, in each case in the ordinary course of business; 

(d) the Title Instruments, Liens and other matters described in the Title Insurance Policy; 

(e) uniform commercial code protective filings with respect to personal property leased to the Borrower; and 

(f) landlords’ liens for rent not yet due and payable; 

provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness other than the Loans. 

“Permitted Investments” means: 

(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of
America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case maturing within one year from the date of acquisition thereof; 

(b) investments in commercial paper maturing within 270 days from the date of acquisition thereof and having an investment grade credit rating
on the date of acquisition; 
 (c) investments in certificates of deposit, banker’s acceptances and time deposits maturing within 180
days from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of the United States of America or any
State thereof which has a combined capital and surplus and undivided profits of not less than $500,000,000; 

  
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 (d) fully collateralized repurchase agreements with a term of not more than 90 days for
securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (c) above; and 

(e) investments in the Mortgaged Properties made in accordance with this Agreement. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company,
partnership, Governmental Authority or other entity. 
 “Plan” means any employee pension benefit plan (other than a
Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under
Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA. 
 “Pool” has
the meaning set forth in Section 5.12. 
 “Pool Debt Service” means, on any date of determination, an amount
equal to the annual principal and interest payment sufficient to amortize in full during a thirty (30) year period, a loan in an amount equal to the principal balance of the Loan as of such date, calculated using an interest rate equal to the
greatest of: (1) the then current annual yield on ten (10) year obligations issued by the United States Treasury on the Business Day immediately prior to the date of borrowing request plus two percent (2.00%), (b) the actual effective
interest rate then in effect under this Agreement (after giving effect to any Hedging Agreement then in effect under the Loan, or (3) six and one-half percent (6.50%). 

“Pool DSCR” means the ratio of (i) the aggregate annualized Net Operating Income from the Mortgaged Properties remaining
as Collateral to (ii) Pool Debt Service. 
 “Pool LTV Ratio” means the ratio of the outstanding principal balance of
the Loans to the Pool Value determined as of any requested extension of the Maturity Date. 
 “Pool Value” means the lesser
of the aggregate “as stabilized” Appraised Value of the Mortgaged Properties remaining as Collateral, determined by the Appraisal obtained at the closing of the Loan, or an updated Appraisal(s) ordered by the Administrative Agent in its
discretion and paid for by the Borrower in connection with a requested extension of the Maturity Date. 
 “Prime Rate”
means the rate of interest per annum publicly announced from time to time by KeyBank, National Association, as its prime rate in effect at its principal office in Cleveland, Ohio; each change in the Prime Rate shall be effective from and including
the date such change is publicly announced as being effective. 
 “Qualified ECP Party” means, in respect of any interest
rate cap, swap or other hedging obligation, each Person which is a Credit Party that has total assets exceeding $10,000,000 at the time such Credit Party’s guarantee, mortgage and/or other credit or collateral support, of such interest rate
cap, swap or other hedging obligation secured pursuant to the Deed of Trust becomes effective, or otherwise constitutes an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder. 

“Real Property” means, collectively, all interest in any land and improvements located thereon (including direct financing
leases of land and improvements owned by a Credit Party), together with all equipment, furniture, materials, supplies and personal property now or hereafter located at or used in connection with the land and all appurtenances, additions,
improvements, renewals, substitutions and replacements thereof now or hereafter acquired by a Credit Party. 
 “Register”
has the meaning set forth in Section 9.04. 
 “Related Parties” means, with respect to any specified Person,
such Person’s Affiliates and the respective directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates. 

“Release” means any release, spill, emission, leaking, pumping, pouring, dumping, emptying, injection, deposit, disposal,
discharge, dispersal, leaching or migration on or into the indoor or outdoor environment or into or out of any property in violation of applicable Environmental Laws. 

  
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 “Release Price” means, for each Mortgaged Property: 

(i) 100% of the Allocated Loan Amount if (a) the Pool DSCR is 1.60 to 1.0 or greater and (b) there will be at least four Mortgaged
Properties remaining, in each instance after giving effect to such release; 
 (ii) 115% of the Allocated Loan Amount if (a) the Pool
DSCR is less than 1.60 to 1.0 and (b) there will be at least four Mortgaged Properties remaining, in each instance after giving effect to such release; 

(iii) If there are less than four Mortgaged Properties remaining after giving effect to such release, the greater of (i) 125% of the
Allocated Loan Amount or (ii) if the subject Mortgaged Property in question is being sold, 100% of sales proceeds (after payment of usual and customary closing expenses approved by the Administrative Agent in its reasonable discretion). 

“Remedial Action” means all actions, including without limitation any capital expenditures, required or necessary to
(i) clean up, remove, treat or in any other way address any Hazardous Material; (ii) prevent the Release or threat of Release, or minimize the further Release, of any Hazardous Material so it does not migrate or endanger public health or
the environment; (iii) perform pre-remedial studies and investigations or post-remedial monitoring and care; or (iv) bring facilities on any property owned or leased by the Borrower into compliance with all Environmental Laws. 

“Required Lenders” means, at any time, Lenders that are not Defaulting Lenders having Credit Exposures and unused Commitments
representing at least 66-2/3% of the sum of the total Credit Exposures and unused Commitments (excluding the Credit Exposures and unused Commitments of such Defaulting Lenders) at such time. 

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to
any ownership interests in the Parent or the Borrower, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or
termination of any such ownership interests in the Parent or Borrower or any option, warrant or other right to acquire any such shares of capital stock of the Parent or the Borrower. 

“SNDA Agreement” has the meaning set forth in Section 6.11(d). 

“Starwood Entity” means Starwood Property Trust, Inc., a Maryland corporation, or any wholly owned direct or indirect
subsidiary thereof, with SPT Griffin Holdings, LLC being a wholly owned indirect subsidiary of Starwood Property Trust, Inc. 

“Starwood Documents” means, collectively (each dated, as applicable, November 5, 2013): (a) the Second Amended and
Restated Limited Partnership Agreement of the OP, as amended by Amendment No. 1 the Second Amended and Restated Limited Partnership Agreement of Griffin Capital Essential Asset Operating Partnership, L.P., (b) the Investor Rights Agreement
entered into between the OP, the Parent, Griffin Capital Essential Asset Advisor LLC, and SPT Griffin Holdings, LLC, (c) Series A Cumulative Redeemable Exchangeable Preferred Unit Purchase Agreement entered into between the OP, the Parent, SPT
Griffin Holdings, LLC, and Starwood Property Trust, Inc., (d) the Parent’s Articles Supplementary Establishing and Fixing the Rights and Preferences of a Series of Preferred Stock, (e) Subordination of Second Amended and Restated
Advisory Agreement entered into between the Parent, SPT Griffin Holdings, LLC, and Griffin Capital Essential Asset Advisor, LLC, (f) Subordination of Management Agreements entered into between the OP, various affiliates of the OP, SPT Griffin
Holdings, LLC, and Griffin Capital Essential Asset Property Management, LLC, and (g) the Escrow Agreement entered into between the OP, the Parent, Griffin Capital Essential Asset Advisor, LLC, SPT Griffin Holdings, LLC and Sidley Austin LLP.

 “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the
denominator of which is the number one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Governmental Authority to which the
Administrative Agent is subject, with respect to the Adjusted LIBO Rate, for Eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those imposed
pursuant to such Regulation D. Eurodollar Loans shall be deemed to constitute Eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time
to time to any Lender under such Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve percentage. 

  
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 “Subsidiary” means, with respect to Borrower, Guarantor, Parent or any Credit
Party, as applicable (for the purposes of this definition, the “parent”), at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of
the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other
entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of
such date, owned, controlled or held by parent, or (b) that is, as of such date, otherwise Controlled, by the parent or one or more subsidiaries of the Parent. 

“Sweep DSCR” means a Pool DSCR of less than 1.25 to 1.0. 

“Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings imposed by
any Governmental Authority. 
 “Title Instruments” means true and correct copies of all instruments of record in the Office
of the County Clerk, the Real Property Records or of any other Governmental Authority affecting title to all or any part of the Mortgaged Properties, including but not limited to those (if any) which impose restrictive covenants, easements,
rights-of-way or other encumbrances on all or any part of the Mortgaged Properties. 
 “Title Insurance Policy” means,
collectively, the policies of title insurance in the aggregate face amounts equal to the aggregate Commitment, issued in favor of the Administrative Agent by a title insurance company satisfactory to the Administrative Agent and insuring that title
to the Mortgaged Properties is vested in Borrower, free and clear of any Lien, objection, exception or requirement, and that each Deed of Trust creates a valid first and prior lien on all the Mortgaged Properties, subject only to the Permitted
Encumbrances and such other exceptions as may be approved in writing by the Administrative Agent. 
 “Transactions” means
the execution, delivery and performance by the Credit Parties of the Loan Documents, the borrowing of Loans, and the use of the proceeds thereof. 

“Trigger DSCR” means a Pool DSCR of less than 1.20 to 1.0. 

“Type,” when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans
comprising such Borrowing, is determined by reference to the Adjusted LIBO Rate or the Alternate Base Rate. 
 “Value
Percentage” means, as to any Mortgaged Property, the ratio, expressed as a percentage, of the “as stabilized” Appraised Value of such Mortgaged Property to the aggregate “as stabilized” Appraised Value of all of the then
Mortgaged Properties (in each instance, based on the most recent Appraisal obtained by the Administrative Agent for each Mortgaged Property). 

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. 
 SECTION 1.02 Classification
of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Type (e.g., a “Eurodollar Loan”). Borrowings also may be classified and referred to by Type (e.g., a “Eurodollar Borrowing”).

 SECTION 1.03 Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms
defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes,” and “including” shall be deemed to be followed by the phrase
“without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement,
instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or
modifications set forth herein), (b) any reference herein to any Person shall be 

  
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construed to include such Person’s successors and assigns, (c) the words “herein,” “hereof,” and “hereunder,” and words of similar import, shall be
construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and
Schedules to, this Agreement and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash,
securities, accounts and contract rights. 
 SECTION 1.04 Designation of Lead Borrower as Agent for Borrower. 

(a) Each Borrower hereby irrevocably designates and appoints the Lead Borrower as that Borrower’s agent to obtain loans
and advances under the Loan, the proceeds of which shall be available to each Borrower as set forth herein. As the disclosed principal for its agent, each Borrower shall be obligated to the Administrative Agent and the Lenders on account of loans
and advances so made under the Loan as if made directly by the Lenders to that Borrower, notwithstanding the manner by which such loans and advances are recorded on the books and records of the Lead Borrower and/or of any Borrower (including,
without limitation, on account of any such treatment of said loan or advance as an equity investment in a Borrower by Lead Borrower). 

(b) Each Borrower recognizes that credit available to it under the Loan is in excess of and on better terms than it otherwise
could obtain on and for its own account and that one of the reasons therefor is its joining in the credit facility contemplated herein with all other Borrowers. Consequently, each Borrower, jointly and severally, hereby assumes and agrees fully,
faithfully, and punctually to discharge all Indebtedness and other Obligations of all of the Borrowers. 
 (c) The Lead
Borrower shall act as a conduit for each Borrower (including itself, as a “Borrower”) on whose behalf the Lead Borrower has requested a loan or other advance under the Loan. 

(d) The proceeds of each loan and advance provided under the Loan which is requested by the Lead Borrower shall be advanced as
and when otherwise provided herein or as otherwise indicated by the Lead Borrower. The Lead Borrower shall cause the transfer of the proceeds thereof to the Borrower(s) on whose behalf such loan and advance was obtained. Neither the Administrative
Agent nor any Lender shall have any obligation to see to the application of such proceeds. 
 (e) Each Borrower hereby
irrevocably designates and appoints the Lead Borrower as that Borrower’s attorney-in-fact to act in the Borrower’s name and stead and to do and perform all matters, to grant to the Administrative Agent for the benefit of the Lenders a
security interest in the Collateral, transact all business, and make, execute and acknowledge all Loan Documents and other instruments relating to this Agreement including but not limited to, this Agreement, the Note, and the Mortgage. The Borrowers
hereby acknowledge and agree that the power of attorney created hereby is coupled with an interest. 
 (f) Nothing contained
herein shall be deemed or otherwise construed to modify, waive, or otherwise limit the obligations of Guarantor under its respective Guaranty to the Administrative Agent and the Lenders. 

ARTICLE II
 The Credits

 SECTION 2.01 Commitments. Subject to the terms and conditions set forth herein, each Lender agrees to make Loans to the Borrower
from time to time during the Availability Period in an aggregate principal amount that will not result in such Lender’s Credit Exposure exceeding such Lender’s Commitment and the total Credit Exposures exceeding the total Commitments;
provided however, that no Lender shall be obligated to make a Loan in excess of such Lender’s Applicable Percentage of the difference between the total Commitments and the aggregate Credit Exposure. Within the foregoing limits and subject to
the terms and conditions set forth herein, the Borrower may borrow and prepay Loans. The principal amount of Loans paid and prepaid may not be reborrowed. The Lenders shall make the Initial Advance on the Effective Date, with the balance of the Loan
being advanced for payment of Leasing Costs for the Mortgaged Properties in accordance with the terms hereof. 

  
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 SECTION 2.02 Loans and Borrowings. 

(a) Each Loan shall be made as part of a Borrowing consisting of Loans made by the Lenders ratably in accordance with their
respective Commitments. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible
for any other Lender’s failure to make Loans as required. 
 (b) Subject to Section 2.13, each Borrowing
shall be comprised entirely of ABR Loans or Eurodollar Loans as the Borrower may request in accordance herewith. Each Lender at its option may make any Eurodollar Loan by causing any domestic or foreign branch or Affiliate of such Lender to make
such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement. 

(c) At the commencement of each Interest Period for any Eurodollar Borrowing, such Borrowing shall be in an aggregate amount
that is an integral multiple of $100,000 and not less than $1,000,000. Borrowings of more than one Type may be outstanding at the same time; provided that there shall not at any time be more than a total of four (4) Eurodollar Borrowings
outstanding. 
 (d) Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request, or
to elect to convert or continue, any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date. 

SECTION 2.03 Requests for Borrowings. To request a Borrowing, provided Lead Borrower has previously submitted the documentation
required under Section 4.02(e), Lead Borrower (on behalf of the Borrower) shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Borrowing, not later than 12:00 noon, Boston, Massachusetts time,
three Business Days before the date of the proposed Borrowing or (b) in the case of an ABR Borrowing, not later than 12:00 noon, Boston, Massachusetts time, one Business Day before the date of the proposed Borrowing. Each such telephonic
Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Borrowing Request in the form of Exhibit E attached hereto and hereby made a part hereof and signed
by Lead Borrower, on behalf of the Borrower. Each such telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02: 

(i) the aggregate amount of the requested Borrowing; 

(ii) the date of such Borrowing, which shall be a Business Day; 

(iii) whether such Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; 

(iv) in the case of a Eurodollar Borrowing, the Interest Period to be applicable thereto, which shall be a period contemplated
by the definition of the term “Interest Period”; and 
 (v) the location and number of the Borrower’s account
to which funds are to be disbursed, which shall comply with the requirements of Section 2.06. 
 If no election as to the Type
of Borrowing is specified in the Borrowing Request, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to any requested Eurodollar Borrowing, then the Borrower shall be deemed to have selected an
Interest Period of one month’s duration, in the case of a Eurodollar Borrowing. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each Lender of the details thereof and of
the amount of such Lender’s Loan to be made as part of the requested Borrowing. 
 SECTION 2.04 Reserved. 

SECTION 2.05 Reserved. 

  
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 SECTION 2.06 Funding of Borrowings. 

(a) Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately
available funds by 12:00 noon, Boston, Massachusetts time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders. The Administrative Agent will make such Loans available to the Borrower
by promptly crediting the amounts so received, in like funds, to an account of the Borrower maintained with the Administrative Agent in Boston, Massachusetts, or wire transferred to such other account or in such manner as may be designated by the
Borrower in the applicable Borrowing Request. 
 (b) Unless the Administrative Agent shall have received notice from a Lender
prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such
date in accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing
available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such
amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in
accordance with banking industry rules on interbank compensation or (ii) in the case of the Borrower, the interest rate applicable to the corresponding Loan made to the Borrower. If such Lender pays such amount to the Administrative Agent, then
such amount shall constitute such Lender’s Loan included in such Borrowing. 
 SECTION 2.07 Interest Elections. 

(a) Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a
Eurodollar Borrowing, shall have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurodollar
Borrowing, may elect Interest Periods therefor, all as provided in this Section. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among
the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing. 

(b) To make an election pursuant to this Section, the Lead Borrower shall notify the Administrative Agent of such election by
telephone by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such
telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Interest Election Request in the form of a Borrowing Request (with proper election made
for an interest rate election only) and signed by the Borrower. 
 (c) Each telephonic and written Interest Election Request
shall specify the following information in compliance with Section 2.02: 
 (i) the Borrowing to which such
Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to
clauses (iii) and (iv) below shall be specified for each resulting Borrowing); 
 (ii) the effective date of the
election made pursuant to such Interest Election Request, which shall be a Business Day; 
 (iii) whether the resulting
Borrowing is to be an ABR Borrowing or a Eurodollar Borrowing; and 
 (iv) if the resulting Borrowing is a Eurodollar
Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”. 

  
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 If any such Interest Election Request requests a Eurodollar Borrowing but does not specify an Interest Period,
then the Borrower shall be deemed to have selected an Interest Period of one month’s duration. 
 (d) Promptly following
receipt of an Interest Election Request, the Administrative Agent shall advise each Lender of the details thereof and of such Lender’s portion of each resulting Borrowing. 

(e) If the Borrower fails to deliver a timely Interest Election Request with respect to a Eurodollar Borrowing prior to the end
of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event
of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Lead Borrower, then, so long as an Event of Default is continuing (i) no outstanding Borrowing may be converted to
or continued as a Eurodollar Borrowing and (ii) unless repaid, each Eurodollar Borrowing shall be converted to an ABR Borrowing at the end of the Interest Period applicable thereto. 

SECTION 2.08 Termination of Commitments. 

Unless previously terminated by the Administrative Agent or Borrower in accordance with this Agreement, the Commitments shall terminate on the
Maturity Date. 
 SECTION 2.09 Repayment of Loans; Evidence of Debt. 

(a) In addition to the interest payments required under Section 2.12(d) below, to the extent the Maturity Date of
the Loan is extended as provided in Section 2.19, commencing on November 1, 2016 and on each Interest Payment Date thereafter, the Borrower shall make equal principal payments in a monthly amount equal to (i) the aggregate
principal payments that would be made during the initial 24 month period of a 360 month amortization schedule of a $300,000,000 Loan amount and an interest rate of 6.5%, divided by (ii) 24. 

(b) The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then
unpaid principal amount of each Loan on the Maturity Date. At the request of each Lender, the Loans made by such Lender shall be evidenced by a Note payable to such Lender in the amount of such Lender’s Commitment. 

(c) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the
Borrower to such Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder. 

(d) The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder,
the Type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by
the Administrative Agent hereunder for the account of the Lenders and each Lender’s share thereof. 
 (e) The entries
made in the accounts maintained pursuant to paragraph (b) or (c) of this Section shall be prima facie evidence of the existence and amounts of the obligations recorded therein; provided that the failure
of any Lender or the Administrative Agent to maintain such accounts or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement. 

  
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 SECTION 2.10 Prepayment of Loans. 

(a) The Borrower shall have the right at any time and from time to time to prepay, without penalty, any Borrowing in whole or
in part, subject to prior notice in accordance with paragraph (b) of this Section, and subject to Section 2.15, if applicable. 

(b) The Lead Borrower shall notify the Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder
(i) in the case of prepayment of a Eurodollar Borrowing, not later than 11:00 a.m., Boston, Massachusetts time, three (3) Business Days before the date of prepayment, or (ii) in the case of prepayment of an ABR Borrowing, not later
than 11:00 a.m., Boston, Massachusetts time, one Business Day before the date of prepayment. Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid.
Promptly following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that is an integral multiple of $100,000
and not less than $500,000. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.12. Principal
amounts paid and prepaid may not be reborrowed. 
 (c) In connection with the prepayment of any Loan prior to the expiration
of the Interest Period applicable thereto, the Borrower shall also pay any applicable expenses pursuant to Section 2.15. 

(d) Amounts to be applied to the prepayment of Loans pursuant to any of the preceding subsections of this Section shall be
applied, first, to reduce outstanding ABR Loans and next, to the extent of any remaining balance, to reduce outstanding Eurodollar Loans. Each such prepayment shall be applied to prepay ratably the Loans of the Lender. 

SECTION 2.11 Fees. 

(a) The Borrower agrees to pay to the Administrative Agent and/or the Arranger as applicable, for its own account, fees payable
in the amounts and at the times separately agreed upon in any fee letter executed by the Borrower in connection with the transactions contemplated hereby. 

(b) In the event that the Maturity Date is extended in accordance with the terms of Section 2.19, the Borrower
agrees to pay to the Administrative Agent for the account of each Lender an extension fee equal to 0.25% of the outstanding balance of the Loan, plus any unfunded Commitments on the first effective day of the extension. 

SECTION 2.12 Interest. 

(a) The Loans comprising each ABR Borrowing shall bear interest at the lesser of (x) the Alternate Base Rate plus the
Applicable Rate, or (y) the Maximum Rate. 
 (b) The Loans comprising each Eurodollar Borrowing shall bear interest at
the lesser of (a) the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the Applicable Rate, or (b) the Maximum Rate. 

(c) Notwithstanding the foregoing, (A) if any principal of or interest on any Loan or any fee or other amount payable by
the Borrower hereunder is not paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue
principal of any Loan, the lesser of (x) 4% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section, or (y) the Maximum Rate, or (ii) in the case of any other amount, the lesser of
(x) 4% plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section, or (y) the Maximum Rate; and (B) after the occurrence of any Event of Default, at the option of the Administrative Agent, or if the
Administrative Agent is directed in writing by the Required Lenders to do so, the Loan shall bear interest at a rate per annum equal to the lesser of (x) 4% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs
of this Section, or (y) the Maximum Rate. 

  
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 (d) Accrued interest on each Loan shall be payable in arrears on each Interest
Payment Date for such Loan and, in the case of Loans, upon demand by the Administrative Agent upon the occurrence of any Event of Default; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be
payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Loan prior to the end of the Availability Period), accrued interest on the principal amount repaid or prepaid shall be payable on
the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurodollar Loan prior to the end of the current Interest Period therefor, accrued interest on such Loan shall be payable on the effective date of such
conversion. 
 (e) All interest hereunder shall be computed on the basis of a year of 360 days and twelve (12) 30-day
months, and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Adjusted LIBO Rate or LIBO Rate shall be determined by the Administrative
Agent, and such determination shall be conclusive absent manifest error. 
 SECTION 2.13 Alternate Rate of Interest. If prior to the
commencement of any Interest Period for a Eurodollar Borrowing: 
 (a) the Administrative Agent determines (which
determination shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable, for such Interest Period; or 

(b) the Administrative Agent is advised by the Required Lenders that (i) the Adjusted LIBO Rate or the LIBO Rate, as
applicable, for such Interest Period will not adequately and fairly reflect the cost to such Lenders (or Lender) of making or maintaining their Loans (or its Loan) included in such Borrowing for such Interest Period and (ii) such fact is
generally applicable to its loans of this type to similar borrowers, as evidenced by a certification from such Lenders; 
 then the Administrative Agent
shall give notice thereof to the Lead Borrower and the Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the Lead Borrower and the Lenders that the circumstances giving rise to such
notice no longer exist, (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a Eurodollar Borrowing shall be ineffective, and (ii) if any Borrowing Request requests a
Eurodollar Borrowing, such Borrowing shall be made as an ABR Borrowing; provided that if the circumstances giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted. 

SECTION 2.14 Increased Costs.  

(a) If any Change in Law shall: 

(i) impose, modify or deem applicable any reserve, special deposit or similar requirement against assets of, deposits with or
for the account of, or credit extended by, any Lender (except any such reserve requirement reflected in the Adjusted LIBO Rate); or 

(ii) impose on any Lender or the London interbank market any other condition (other than one relating to Excluded Taxes)
affecting this Agreement or Eurodollar Loans made by such Lender; 
 and the result of any of the foregoing shall be to increase the cost to such Lender of
making or maintaining any Eurodollar Loan (or of maintaining its obligation to make any such Loan) or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or otherwise), then the Borrower
will pay to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered. 

(b) If any Lender determines that any Change in Law regarding capital requirements has or would have the effect of reducing the
rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this Agreement or the Loans made by such Lender, to a level below that which such Lender or such Lender’s holding
company could have achieved but for 

  
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such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to capital adequacy), then from time to time the
Borrower will pay to such Lender, as the case may be, such additional amount or amounts as will compensate such Lender or such Lender’s holding company for any such reduction suffered. 

(c) A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company,
as the case may be, as specified in paragraph (a) or (b) of this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender, the amount shown as due on any
such certificate within 10 days after receipt thereof. 
 (d) Failure or delay on the part of any Lender to demand
compensation pursuant to this Section shall not constitute a waiver of such Lender’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender pursuant to this Section for any increased
costs or reductions incurred more than 270 days prior to the date that such Lender notifies the Lead Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor;
provided further that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 270-day period referred to above shall be extended to include the period of retroactive effect thereof. 

SECTION 2.15 Break Funding Payments. In the event of (a) the payment of any principal of any Eurodollar Loan other than on the
last day of an Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Eurodollar Loan other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow,
convert, continue or prepay any Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.10(b)), or (d) the assignment of any Eurodollar Loan other than on
the last day of the Interest Period applicable thereto as a result of a request by the Lead Borrower pursuant to Section 2.18, then, in any such event, the Borrower shall compensate each Lender for the loss, cost and expense attributable
to such event. In the case of a Eurodollar Loan, such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued on the
principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the
case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of interest which would accrue on such principal amount for such period at the interest rate which
such Lender would bid were it to bid, at the commencement of such period, for dollar deposits of a comparable amount and period from other banks in the Eurodollar market. A certificate of any Lender setting forth any amount or amounts that such
Lender is entitled to receive pursuant to this Section shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt
thereof. 
 SECTION 2.16 Taxes. 

(a) Any and all payments by or on account of any obligation of the Borrower hereunder shall be made free and clear of and
without deduction for any Indemnified Taxes or Other Taxes; provided that if the Borrower shall be required to deduct any Indemnified Taxes or Other Taxes from such payments, then (i) the sum payable shall be increased as necessary so that
after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent or Lender (as the case may be) receives an amount equal to the sum it would have received had no such
deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law. 

(b) In addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable
law. 
 (c) The Borrower shall indemnify the Administrative Agent and each Lender, within 10 days after written demand
therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent or such Lender, as the case may be, on or with respect to any payment by or on account of any obligation of the Borrower hereunder (including
Indemnified Taxes or Other Taxes 

  
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imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such
Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or by the Administrative Agent
on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. 
 (d) As soon as practicable after
any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such
payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(e) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction
in which the Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement shall deliver to the Lead Borrower (with a copy to the Administrative Agent), at the time or times prescribed by
applicable law, such properly completed and executed documentation prescribed by applicable law or reasonably requested by the Lead Borrower as will permit such payments to be made without withholding or at a reduced rate. If a payment made to a
Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b)
of the Code, as applicable), such Lender shall deliver to the Lead Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Lead Borrower or the Administrative Agent such
documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Lead Borrower or the Administrative Agent as may be necessary for the
Lead Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such
payment. Solely for purposes of this clause (e), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

SECTION 2.17 Payments Generally; Pro Rata Treatment; Sharing of Set-offs. 

(a) The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or of
amounts payable under Section 2.14, 2.15 or 2.16, or otherwise) prior to 1:00 p.m., Boston, Massachusetts time, on the date when due, in immediately available funds, without set-off or counterclaim. Any amounts received
after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative
Agent at its main offices in Cleveland, Ohio, except that payments pursuant to Sections 2.14, 2.15, 2.16 and 9.03 shall be made directly to the Persons entitled thereto. If the Administrative Agent receives a payment
for the account of a Lender prior to 1:00 p.m., Boston, Massachusetts time, such payment must be delivered to the Lender on the same day and if it is not so delivered due to the fault of the Administrative Agent, the Administrative Agent shall pay
to the Lender entitled to the payment interest thereon for each day after payment should have been received by the Lender pursuant hereto until the Lender receives payment, at the Federal Funds Effective Rate. If any payment hereunder shall be due
on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. All payments
hereunder shall be made in Dollars. 
 (b) If at any time insufficient funds are received by and available to the
Administrative Agent to pay fully all amounts of principal, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in
accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such
parties. 

  
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 (c) If any Lender shall, by exercising any right of set-off or counterclaim or
otherwise, obtain payment in respect of any principal of or interest on any of its Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans and accrued interest thereon than the proportion
received by any other Lender, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans of other Lenders to the extent necessary so that the benefit of all such payments shall be shared by
the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise
thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by the
Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans, other than to the Borrower or any Affiliate
thereof (as to which the provisions of this paragraph shall apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing
arrangements may exercise against the Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation. 

(d) Unless the Administrative Agent shall have received notice from the Lead Borrower prior to the date on which any payment is
due to the Administrative Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in
reliance upon such assumption, distribute to the Lenders the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders severally agrees to repay to the Administrative Agent forthwith on demand the amount
so distributed to such Lender with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the Federal Funds Effective Rate. 

(e) If any Lender shall fail to make any payment required to be made by it pursuant to 2.06(b) or 2.17(d), then
the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such
Sections until all such unsatisfied obligations are fully paid. 
 SECTION 2.18 Mitigation Obligations; Replacement of Lenders. 

(a) Each Lender will notify the Lead Borrower of any event occurring after the date of this Agreement which will entitle such
Person to compensation pursuant to Sections 2.12 and 2.14 as promptly as practicable after it obtains knowledge thereof and determines to request such compensation, provided that such Person shall not be liable for the failure to
provide such notice. If any Lender requests compensation under Section 2.12, or if the Borrower is required to pay any additional amount to any such Person or any Governmental Authority for the account of any Lender pursuant to
Section 2.14, then such Lender shall use reasonable efforts to avoid or minimize the amounts payable, including, without limitation, the designation of a different lending office for funding or booking its Loans hereunder or the
assignment of its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 2.12 or 2.14, as the case may be, in the future and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all
reasonable and documented costs and expenses incurred by any Lender in connection with any such designation or assignment. 

(b) If any Lender requests compensation under Section 2.12, or if the Borrower is required to pay any additional
amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.14, or if any Lender defaults in its obligation to fund Loans hereunder, then the Borrower may, at its sole expense and effort, upon
notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the 

  
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restrictions contained in Section 9.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be
another Lender, if a Lender accepts such assignment); provided that (i) the Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not unreasonably be withheld, (ii) such Lender shall
have received payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or the Borrower (in the case of all other amounts), and (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.12 or payments required to be made pursuant to
Section 2.14, such assignment will result in a reduction in such compensation or payments. A Lender shall not be required to make any such assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise,
the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
 SECTION 2.19 Extension. 

(a) Initial Extension. So long as no Event of Default or Default shall be in existence on the date on which notice is
given in accordance with the following clause (i) and on the Maturity Date, Borrower may extend the Maturity Date to November 5, 2017, upon satisfaction of the following: (i) delivery of a written request to Administrative Agent at
least thirty (30) days, but no more than ninety (90) days, prior to the Maturity Date then in effect; (ii) payment to Administrative Agent for the benefit of the Lenders of the extension fee set forth in Section 2.11(b),
which fee shall be payable on or before the then applicable Maturity Date; (iii) the Pool LTV Ratio is not greater than fifty percent (50%) and the Pool DSCR is not less than 1.50 to 1.0, with the Borrower having the option to make a
prepayment in order to satisfy the foregoing requirements, and (iv) payment by Borrower of all fees and expenses to Administrative Agent and the Lenders to the extent then due. Such extension shall be evidenced by delivery of written
confirmation of the same by Administrative Agent to Borrower, but Administrative Agent’s failure to timely deliver the notice shall not affect Borrower’s right to extend so long as the conditions contained herein are satisfied. 

(b) Second Extension. So long as no Event of Default or Default shall be in existence on the date on which notice is given in
accordance with the following clause (i) and on the Maturity Date (as extended in accordance with Section 2.19(a)), Borrower may extend the Maturity Date to November 5, 2018, upon satisfaction of the following: (i) delivery of a
written request to Administrative Agent at least thirty (30) days, but no more than ninety (90) days, prior to the Maturity Date then in effect; (ii) payment to Administrative Agent for the benefit of the Lenders of the extension fee
set forth in Section 2.11(b), which fee shall be payable on or before the then applicable Maturity Date; ; (iii) the Pool LTV Ratio is not greater than fifty percent (50%) and the Pool DSCR is not less than 1.50 to 1.0, with
the Borrower having the option to make a prepayment in order to satisfy the foregoing requirements, and (iv) payment by Borrower of all fees and expenses to Administrative Agent and the Lenders to the extent then due. Such extension shall be
evidenced by delivery of written confirmation of the same by Administrative Agent to Borrower, but Administrative Agent’s failure to timely deliver the notice shall not affect Borrower’s right to extend so long as the conditions contained
herein are satisfied. 
 (c) If the Maturity Date is extended, all of the other terms and conditions of this Agreement and
the other Loan Documents (including interest payment dates) shall remain in full force and effect and unmodified, except as expressly provided for herein. Each extension of the Maturity Date is subject to the satisfaction of each of the following
additional conditions: 
 (i) The representations and warranties of each Credit Party set forth in this Agreement or any
other Loan Document to which such Credit Party is a signatory shall be true and correct in all material respects on the date that the extension request is given to the Administrative Agent and on the first day of the extension (except to the extent
such representations and warranties relate to a specified date); 
 (ii) no Default or Event of Default has occurred and is
continuing on the date on which the Borrower gives the Administrative Agent the extension request or on the first day of the extension; 

  
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 (iii) the Borrower shall be in compliance with all of the financial covenants set
forth in Section 5.02 hereof both on the date on which the extension request is given to the Administrative Agent and on the first day of the extension; 

(iv) the Borrower shall have paid to the Administrative Agent all amounts then due and payable to any of the Lenders and the
Administrative Agent under the Loan Documents, including the extension fee described in Section 2.11(b) hereof; 

(v) the Borrower shall pay for any and all reasonable out-of-pocket costs and expenses, including, reasonable attorneys’
fees and disbursements, incurred by the Administrative Agent in connection with or arising out of the extension of the Maturity Date including, without limitation, the costs of an updated Appraisal for any Mortgaged Property ordered by the
Administrative Agent in its discretion; and 
 (vi) the Borrower shall execute and deliver to Administrative Agent such other
documents, financial statements, instruments, certificates, opinions of counsel, Title Insurance Policy endorsements, reports, or amendments to the Loan Documents as the Administrative Agent shall reasonably request regarding the Credit Parties as
shall be necessary to effect such extension. 
 SECTION 2.20 Defaulting Lenders. 

(a) Adjustments. Notwithstanding anything to the contrary contained in this Credit Agreement, if any Lender becomes a
Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

(i) Waivers and Amendments. That Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with
respect to this Credit Agreement shall be restricted as set forth in Section 9.02. 
 (ii) Reallocation of
Payments. Any payment of principal, interest, fees or other amounts received by Administrative Agent for the account of a Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to ARTICLE VII or otherwise, and including any amounts
made available to Administrative Agent by that Defaulting Lender pursuant to Section 9.08), shall be applied at such time or times as may be determined by Administrative Agent as follows: first, to the payment of any amounts owing by
that Defaulting Lender to Administrative Agent hereunder; second, if so determined by Administrative Agent, to be held as cash collateral for future funding obligations of such Defaulting Lender; third, as the applicable Borrower may request (so
long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Credit Agreement, as determined by Administrative Agent; fourth, if so
determined by Administrative Agent and the applicable Borrower, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of such Defaulting Lender to fund Loans under this Credit Agreement; fifth, to the
payment of any amounts owing to the non-Defaulting Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender against such Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations
under this Credit Agreement; sixth, so long as no Default or Event of Default exists, to the payment of any amounts owing to the applicable Borrower as a result of any judgment of a court of competent jurisdiction obtained by such Borrower against
such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Credit Agreement; and seventh, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if:
(x) such payment is a payment of the principal amount of any Loans in respect of which such Defaulting Lender has not fully funded its appropriate share; and (y) such Loans were made at a time when the conditions set forth in
Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of such Defaulting Lender. Any payments,
prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section 2.20(a)(ii) shall be deemed paid to and
redirected by such Defaulting Lender, and each Lender irrevocably consents hereto. 

  
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 (iii) Certain Fees. A Defaulting Lender shall not be entitled to receive any
Unused Fee pursuant to Section 2.11 for any period during which such Lender is a Defaulting Lender (and the applicable Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to such
Defaulting Lender). 
 (b) Defaulting Lender Cure. If the Borrower and Administrative Agent agree in writing in their
reasonable discretion that a Defaulting Lender has taken such action that it should no longer be deemed to be a Defaulting Lender, Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice
and subject to any conditions set forth therein (which may include arrangements with respect to any cash collateral), such Defaulting Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders or take such
other actions as Administrative Agent may determine to be necessary to cause the Loans to be held on a pro rata basis by the Lenders in accordance with their Applicable Percentages, whereupon such Defaulting Lender will cease to be a Defaulting
Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while such Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise
expressly agreed by the affected parties, no cessation in status as Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising during the period that such Lender was a Defaulting Lender. 

ARTICLE III 

Representations and Warranties 

The Borrower represents and warrants to the Lenders and the Administrative Agent that: 

SECTION 3.01 Organization; Powers. Each Credit Party is duly organized, validly existing and in good standing under the laws of the
jurisdiction of its organization, has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect, is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required. 

SECTION 3.02 Authorization; Enforceability. The Transactions are within the corporate, partnership or limited liability company powers
(as applicable) of the respective Credit Parties and have been duly authorized by all necessary corporate, partnership or limited liability company action. This Agreement and the Loan Documents have been duly executed and delivered by each Credit
Party which is a party thereto and constitute the legal, valid and binding obligation of each such Person, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 

SECTION 3.03 Governmental Approvals; No Conflicts. The Transactions (a) do not require any consent or approval of, registration or
filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect or which shall be completed at the appropriate time for such filings under applicable securities laws,
(b) will not violate any applicable law or regulation or the charter, by-laws or other organizational documents of any Credit Party or any order of any Governmental Authority, (c) will not violate or result in a default under any
indenture, agreement or other instrument binding upon any Credit Party or its assets, or give rise to a right thereunder to require any payment to be made by any Credit Party, and (d) will not result in the creation or imposition of any Lien on
any asset of any Credit Party, except pursuant to the Deed of Trust. 
 SECTION 3.04 Financial Condition; No Material Adverse Change.
 
 (a) The Borrower has heretofore furnished to the Lenders financial statements as of and for the fiscal year ended
December 31, 2012 audited by and opined on by Ernst & Young LLP, independent public accountants for the Parent. Such financial statements present fairly, in all material respects, the financial position and results of operations and
cash flows of the Parent and its consolidated Subsidiaries as of such dates and for such periods in accordance with GAAP, subject to year-end audit adjustments. 

(b) Since December 31, 2012, no event has occurred which could reasonably be expected to have a Material Adverse Effect.

  
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 SECTION 3.05 Properties. 

(a) Subject to Liens permitted by Section 6.01, each Borrower has title to, or valid leasehold interests in, all
its real and personal property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted or to utilize such properties for their intended purposes. 

(b) Each Borrower owns, or is licensed to use, all patents and other intellectual property material (excluding the rights to
use the name “Griffin”) to the Borrower’s business, and the use thereof by the Borrower does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect. 
 (c) Subject to the property conditions reports obtained
with respect to each Real Property, all components of all improvements included within the Real Property owned or leased, as lessee, by any Credit Party, including, without limitation, the roofs and structural elements thereof and the heating,
ventilation, air conditioning, plumbing, electrical, mechanical, sewer, waste water, storm water, paving and parking equipment, systems and facilities included therein, are in good working order and repair, subject to such exceptions which are not
reasonably likely to have, in the aggregate, a Material Adverse Effect. All water, gas, electrical, steam, compressed air, telecommunication, sanitary and storm sewage lines and systems and other similar systems serving the Real Property owned or
leased by any Credit Party are installed and operating and are sufficient to enable the Real Property to continue to be used and operated in the manner currently being used and operated, and no Credit Party has any knowledge of any factor or
condition that reasonably could be expected to result in the termination or material impairment of the furnishing thereof, subject to such exceptions which are not likely to have, in the aggregate, a Material Adverse Effect. No improvement or
portion thereof is dependent for its access, operation or utility on any land, building or other improvement not included in the Real Property owned or leased by the Borrower, other than for access provided pursuant to a recorded easement or other
right of way establishing the right of such access subject to such exceptions which are not likely to have, in the aggregate, a Material Adverse Effect. 

(d) To each Credit Party’s knowledge, all franchises, licenses, authorizations, rights of use, governmental approvals and
permits (including all certificates of occupancy and building permits) required to have been issued by Governmental Authority to enable all Real Property owned or leased by a Borrower to be operated as then being operated have been lawfully issued
and are in full force and effect, other than those which the failure to obtain in the aggregate could not be reasonably expected to have a Material Adverse Effect. No Credit Party is in violation of the terms or conditions of any such franchises,
licenses, authorizations, rights of use, governmental approvals and permits, which violation would reasonably be expected to have a Material Adverse Effect. 

(e) None of the Credit Parties has received any notice or has any knowledge, of any pending, threatened or contemplated
condemnation proceeding affecting any Real Property owned or leased by Borrower or any part thereof, or any proposed termination or impairment of any parking (except as contemplated in any approved expansion approved by Administrative Agent, at any
such owned or leased Real Property or of any sale or other disposition of any Real Property owned or leased by a Borrower or any part thereof in lieu of condemnation, which in the aggregate, are reasonably likely to have a Material Adverse Effect.

 (f) Except for events or conditions not reasonably likely to have, in the aggregate, a Material Adverse Effect,
(i) no portion of any Real Property owned or leased by a Borrower has suffered any material damage by fire or other casualty loss which has not heretofore been completely repaired and restored to its condition prior to such casualty, and
(ii) no portion of any Real Property owned or leased by 

  
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Borrower is located in a special flood hazard area as designated by any federal Government Authorities or any area identified by the insurance industry or other experts acceptable to the
Administrative Agent as an area that is a high probable earthquake or seismic area, except as set forth on Schedule 3.05(f). 

(g) There are no Persons operating or managing any Real Property other than the Borrower and the Management Company pursuant to
(i) the management agreements delivered to Administrative Agent as of the Effective Date, and (ii) such other management agreements in form and substance reasonably satisfactory to the Administrative Agent. To Borrower’s knowledge,
except as disclosed on the Current Survey no improvement or portion thereof, or any other part of any Real Property, is dependent for its access, operation or utility on any land, building or other improvement not included in the Real Property owned
or leased by the Borrower, other than for access provided pursuant to a recorded easement or other right of way establishing the right of such access. 

SECTION 3.06 Intellectual Property. To the knowledge of each Credit Party, such Credit Party owns, or is licensed to use, all patents
and other intellectual property material (excluding such rights relating to use of the name “Griffin”) to its business, and the use thereof by such Credit Party does not infringe upon the rights of any other Person, except for any such
infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. To the knowledge of each Credit Party, there are no material slogans or other advertising devices, projects, processes,
methods, substances, parts or components, or other material now employed, or now contemplated to be employed, by any Credit Party with respect to the operation of any Real Property, and no claim or litigation regarding any slogan or advertising
device, project, process, method, substance, part or component or other material employed, or now contemplated to be employed by any Credit Party, is pending or threatened, the outcome of which could reasonably be expected to have a Material Adverse
Effect. 
 SECTION 3.07 Litigation and Environmental Matters. 

(a) Except as set forth in Schedule 3.07 attached hereto, there are no actions, suits or proceedings by or before any
arbitrator or Governmental Authority pending against or, to the knowledge of the Borrower, threatened against or affecting any Credit Party (i) as to which there is a reasonable possibility of an adverse determination and that, if adversely
determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or (ii) that involve this Agreement or the Transactions. 

(b) Except as disclosed in the environmental reports obtained with respect to each Real Property and with respect to any other
matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect: 

(i) to the knowledge of the Credit Parties, all Real Property leased or owned by any Borrower is free from contamination by any
Hazardous Material, except to the extent such contamination could not reasonably be expected to cause a Material Adverse Effect; 

(ii) to the knowledge of the Credit Parties, the operations of Borrower and the operations at the Real Property leased or owned
by each Borrower are in compliance with all applicable Environmental Laws, except to the extent such noncompliance could not reasonably be expected to cause a Material Adverse Effect; 

(iii) no Borrower has any known liabilities with respect to Hazardous Materials and, to the knowledge of each Credit Party, no
facts or circumstances exist which could reasonably be expected to give rise to liabilities with respect to Hazardous Materials, in either case, except to the extent such liabilities could not reasonably be expected to have a Material Adverse
Effect; 
 (iv) To the best of the Borrower’s knowledge, (A) each Borrower and all Real Property owned or leased by
a Borrower have all Environmental Permits necessary for the operations at such Real Property and are in compliance with such Environmental Permits; (B) there are no legal proceedings pending nor, to the knowledge of any Credit Party, threatened
to revoke, or alleging the violation of, such Environmental Permits; and (C) none of the Credit Parties have received any notice from any source to the effect that there is lacking any Environmental Permit required in connection with the
current use or operation of any such properties, in each case, except to the extent the nonobtainment or loss of an Environmental Permit could not reasonably be expected to have a Material Adverse Effect; 

  
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 (v) neither the Real Property currently leased or owned by Borrower, nor, to the
knowledge of any Credit Party, (x) any predecessor of any Credit Party, nor (y) any of Credit Parties’ Real Property owned or leased in the past, nor (z) any owner of Real Property leased or operated by Borrower are subject to
any outstanding written order or contract, including Environmental Liens, with any Governmental Authority or other Person, or to any federal, state, local, foreign or territorial investigation of which a Credit Party has been given notice respecting
(A) Environmental Laws, (B) Remedial Action, (C) any Environmental Claim; or (D) the Release or threatened Release of any Hazardous Material, in each case, except to the extent such written order, contract or investigation could
not reasonably be expected to have a Material Adverse Effect; 
 (vi) none of the Credit Parties are subject to any pending
legal proceeding alleging the violation of any Environmental Law nor, to the knowledge of each Credit Party, are any such proceedings threatened, in either case, except to the extent any such proceedings could not reasonably be expected to have a
Material Adverse Effect; 
 (vii) neither the Borrower nor, to the knowledge of each Credit Party, any predecessor of any
Credit Party, nor to the knowledge of each Credit Party, any owner of Real Property leased by a Borrower have filed any notice under federal, state or local, territorial or foreign law indicating past or present treatment, storage, or disposal of or
reporting a Release of Hazardous Material into the environment, in each case, except to the extent such Release of Hazardous Material could not reasonably be expected to have a Material Adverse Effect; 

(viii) none of the operations of the Borrower or, to the knowledge of each Credit Party, of any owner of premises currently
leased by a Borrower or of any tenant of premises currently leased from Borrower, involve or previously involved the generation, transportation, treatment, storage or disposal of hazardous waste, as defined under 40 C.F.R. Part 261.3 (in effect as
of the date of this Agreement) or any state, local, territorial or foreign equivalent, in violation of Environmental Laws; and 

(ix) to the knowledge of the Credit Parties, there is not now, nor has there been in the past (except, in all cases, to the
extent the existence thereof could not reasonably be expected to have a Material Adverse Effect), on, in or under any Real Property leased or owned by Borrower, or any of their predecessors (A) any underground storage tanks or surface tanks,
dikes or impoundments (other than for surface water); (B) any friable asbestos-containing materials; (C) any polychlorinated biphenyls; or (D) any radioactive substances other than naturally occurring radioactive material. 

SECTION 3.08 Compliance with Laws and Agreements. Each of the Credit Parties is in compliance with all laws, regulations and orders of
any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or to its knowledge, its property, except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect. No Default has occurred and is continuing. 
 SECTION 3.09 Investment and
Holding Company Status. None of the Credit Parties is (a) an “investment company” as defined in, or subject to regulation under, the Investment Company Act of 1940 or (b) a “holding company” as defined in, or
subject to regulation under, the Public Utility Holding Company Act of 1935. 
 SECTION 3.10 Taxes. Each Credit Party has timely
filed or caused to be filed all Tax returns and reports required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by appropriate proceedings
and for which such Person has set aside on its books adequate reserves or (b) to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect. 

  
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 SECTION 3.11 ERISA. No ERISA Event has occurred or is reasonably expected to occur that,
when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The Borrower does not have any Plans as of the date hereof. As to any
future Plan the present value of all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of Statement of Financial Accounting Standards No. 87) will not exceed the fair market value of the assets of such
Plan, and the present value of all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Statement of Financial Accounting Standards No. 87) will not exceed the fair market value of the assets
of all such underfunded Plans. 
 SECTION 3.12 Disclosure. The Borrower has disclosed or made available to the Lenders all
agreements, instruments and corporate or other restrictions to which it, any other Credit Party is subject, and all other matters known to it, that, in the aggregate, could reasonably be expected to result in a Material Adverse Effect. None of the
reports, financial statements, certificates or other information furnished by or on behalf of the Borrower to the Administrative Agent or any Lender in connection with the negotiation of this Agreement or delivered hereunder (as modified or
supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;
provided that, with respect to projected financial information, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time. 

SECTION 3.13 Insurance. Borrower has provided to Administrative Agent an insurance schedule which accurately sets forth, in all
material respects, as of the Effective Date all insurance policies and programs currently in effect with respect to the assets and business of Borrower specifying for each such policy and program, (i) the amount thereof, (ii) the risks
insured against thereby, (iii) the name of the insurer and each insured party thereunder, (iv) the policy or other identification number thereof and (v) the expiration date thereof, with Administrative Agent, for the benefit of the
Lenders, being named as mortgagee, additional insured and loss payee, as applicable. Such insurance policies and programs (or such other similar policies as are permitted pursuant to Section 5.06) are currently in full force and effect,
and, together with payment by the insured of scheduled deductible payments, are in amounts sufficient to cover the replacement value of the respective assets of each Borrower. 

SECTION 3.14 Margin Regulations. The Borrower is not engaged in the business of extending credit for the purpose of purchasing or
carrying margin stock (within the meaning of Regulation U issued by the Board), and no proceeds of any Loan will be used to purchase or carry any margin stock. 

SECTION 3.15 Subsidiaries; REIT Qualification. Each Borrower qualifies as a “qualified REIT subsidiary” under
Section 856 of the Code. The Parent is a Maryland corporation duly organized pursuant to articles of incorporation filed with the Maryland Department of Assessments and Taxation, and is in good standing under the laws of Maryland. The Parent
conducts its business in a manner which enables it to qualify as a real estate investment trust under, and to be entitled to the benefits of, §856 of the Code, and has elected to be treated as and will be entitled to the benefits of a real
estate investment trust thereunder. 
 ARTICLE IV 

Conditions 
 SECTION 4.01
Effective Date. The obligations of the Lenders to make Loans hereunder shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance with Section 9.02): 

(a) The Administrative Agent (or its counsel) shall have received from each Credit Party either (i) a counterpart of this
Agreement and all other Loan Documents to which it is party signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy transmission of a signed signature page of each such Loan
Document other than the Notes) that such party has signed a counterpart of the Loan Documents, together with copies of all Loan Documents. 

(b) The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the
Lenders and dated the Effective Date) of Bryan Cave LLP, counsel for 

  
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the Borrower and the Guarantor; Waller Lansden Dortch & Davis, LLP, Borrower’s Georgia counsel; Ziemer, Stayman, Weitzel & Shoulders, LLP, Borrower’s Indiana counsel;
Dawda, Mann, Mulcahy & Sadler, PLC, Borrower’s Michigan counsel; Bryan Cave LLP, Borrower’s Missouri counsel; Porzio, Bromberg & Newman, P.C., Borrower’s New Jersey counsel; Vorys, Sater, Seymore and Pease LLP,
Borrower’s Ohio counsel; Porzio, Bromberg & Newman, P.C., Borrower’s Pennsylvania counsel; Waller Lansden Dortch & Davis, LLP, Borrower’s Tennessee counsel; Mastrogiovanni Schorsch & Mersky, P.C.,
Borrower’s Texas counsel; Foster Pepper PLLC, Borrower’s Washington counsel; Reinhart Boerner Van Deuren S.C., Borrower’s Wisconsin counsel, and such other counsel as the Administrative Agent may approve, covering such matters
relating to the Credit Parties, the Loan Documents or the Transactions as the Required Lenders shall reasonably request. The Borrower hereby requests such counsel to deliver such opinion. 

(c) The Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may
reasonably request relating to the organization, existence and good standing of the Credit Parties, the authorization of the Transactions and any other legal matters relating to the Credit Parties, this Agreement (including each Credit Party’s
compliance with Section 9.14 and other customary “know your customer” requirements) or the Transactions, all in form and substance satisfactory to the Administrative Agent and its counsel. 

(d) The Administrative Agent shall have received a Compliance Certificate dated the date of this Agreement and signed by a
Financial Officer of Borrower, in form and substance satisfactory to the Administrative Agent. 
 (e) The Administrative
Agent shall have received all fees and other amounts due and payable on or prior to the Effective Date, including, to the extent invoiced, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower
hereunder. 
 (f) The Administrative Agent and Lenders shall have received such documents and certificates (including
insurance certificates) as the Administrative Agent may require evidencing Borrower’s satisfaction of all insurance requirements for each Mortgaged Property (which may be effected under blanket policies approved by the Administrative Agent),
including, without limitation, adequate flood insurance for those Mortgaged Properties located in a special flood hazard area as designated by any federal Government Authorities. 

(g) The Administrative Agent shall have received copies of all other Loan Documents, and the Appraisal, the Environmental
Assessment, the Title Insurance Policy and the Current Survey (in each instance as delivered in connection with the original closing of the Loan, with the Administrative Agent receiving an acceptable endorsement to each Title Policy), property
condition assessments and such other due diligence information as the Administrative Agent may require for each Mortgaged Property. 
 The Administrative
Agent shall notify the Lead Borrower and the Lenders of the Effective Date, and such notice shall be conclusive and binding. 
 SECTION 4.02
Each Credit Event. The obligation of each Lender to make a Loan on the occasion of any Borrowing is subject to the satisfaction of the following conditions: 

(a) The representations and warranties of each Credit Party set forth in this Agreement or in any other Loan Document shall be
true and correct on and as of the date of such Borrowing. 
 (b) At the time of and immediately after giving effect to such
Borrowing, no Default shall have occurred and be continuing. 
 (c) The additional amounts advanced with respect to each
Mortgaged Property shall be limited to the Available Holdback Amount for such Mortgaged Property. 
 (d) With respect to any
requested Borrowings, the Borrower shall have complied with Section 2.03. 

  
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 (e) For each Borrowing after the Initial Advance: 

(i) The Borrower shall submit to the Administrative Agent a written request detailing the Leasing Costs incurred not more
frequently than once a month, together with, if not previously submitted, a budget to the total Leasing Costs related to the subject Approved Lease, which Leasing Costs shall be subject to the approval of the Administrative Agent, such approval not
to be unreasonably withheld. Administrative Agent shall act upon such requests within ten (10) Business Days following the receipt of a written request for a Borrowing which action may include, without limitation, funding the requested
Borrowing (subject to receipt of immediately available funds for such purpose from the Lenders, which the Lenders agree to provide), or specifying the basis for not funding and, where applicable, requesting additional information and supporting
documentation. 
 (ii) If required by the Administrative Agent, each request for a Borrowing shall include an itemization of
and, with respect to items of $1,000 or more in any instance, or $10,000 or more in the aggregate for all such requisitions, copies of invoices, bills or other documentation in support thereof acceptable to Administrative Agent. 

(iii) If required by the Administrative Agent, Administrative Agent shall have received endorsements to the title insurance
policies continuing the policies to the date of the subsequent Borrowing without further change in conditions of the policy and increasing the amount advanced under the pending disbursements clause to 100% of the full amount then advanced under the
Loan. 
 Each Borrowing shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in this
Section. 
 ARTICLE V 

Affirmative Covenants 
 Until the
Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full, the Borrower covenants and agrees with the Lenders that: 

SECTION 5.01 Financial Statements; Ratings Change and Other Information. The Borrower will furnish to the Administrative Agent and each
Lender: 
 (a) unless such statement are publicly available to the Lenders, within 120 days after the end of each fiscal
year of the Parent, the Parent’s audited consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the end of and for such year, together with all notes thereto, setting forth in each case
in comparative form the figures for the previous fiscal year, all reported on by Ernst & Young, LLP or other independent public accountants of recognized national standing (without a “going concern” or like qualification or
exception and without any qualification or exception as to the scope of such audit) to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations of the Parent and
its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied; 
 (b) within
60 days after the end of each of the first three fiscal quarters of each fiscal year of the Parent, (i) the Parent’s consolidated balance sheet and related statements of operations, stockholders’ equity and cash flows as of the
end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods of (or, in the case of the balance sheet, as of the end of) the
previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and results of operations of the Parent on a consolidated basis in accordance with GAAP consistently applied,
subject to normal year-end audit adjustments and the absence of footnotes, and (ii) a Real Property Portfolio Summary Schedule, broken out by Mortgaged Properties in the Pool, detailing at a minimum, the property address, square footage,
tenant, rent and lease expiration date; 
 (c) within 60 days after the end of each fiscal quarter of each fiscal year
of the Borrower, (i) the Borrower’s consolidated balance sheet and related statements of operations, stockholders’ equity and 

  
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cash flows as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or
periods of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers as presenting fairly in all material respects the financial condition and results of operations of the
Borrower on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes, and (ii) operating statements, a rent roll, and a receivables aging for each Mortgaged
Property; 
 (d) concurrently with any delivery of financial statements under clause (a) or (c) above, a compliance
certificate of a Financial Officer of the Borrower (the “Compliance Certificate”) in the form of Exhibit B attached hereto; 

(e) annually, commencing on December 31, 2014 and as of each December 31 thereafter, a proposed operating budget for
each Mortgaged Property; 
 (f) annually, commencing on December 31, 2014 and as of each December 31 thereafter, a
proposed leasing budget which shall be subject to the reasonable approval of the Administrative Agent, with such budget to be adjusted annually to reflect changes in the leasing status of the Mortgaged Properties or the release of Mortgaged
Properties, as approved by Administrative Agent; 
 (g) promptly following any request therefor, such other information
regarding the operations, business affairs and financial condition of any Credit Party, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may reasonably request; and 

(h) promptly following receipt thereof, any financial information received by Borrower from any tenant at a Mortgaged Property.
To the extent any tenant providing such financial information is not a publicly held company, the provision of such information shall be made subject to the acknowledgment and acceptance by any third party to whom such financial information is
provided that such financial information is being disseminated on a confidential basis in accordance with Agent’s standard syndication process which shall in any event require “click through” or other affirmative action on the part of
the recipient to access such financial information. Agent may use any such confidential information from tenants only in connection with performing analysis consistent with the terms of this Agreement and may disseminate such information only to its
employees, affiliates, directors, members, partners, co-lenders, agents and advisors having a need for access to such information in connection therewith. Agent shall also be permitted to provide such confidential financial information to any
special servicer, rating agency or other third party entitled to receive the same under the terms of any servicing agreement to which Agent is a party. 

SECTION 5.02 Financial Tests. 

(a) Subject to Section 5.02(b) below, as of each fiscal quarter end commencing for the quarter ending
March 31, 2014, Borrower shall maintain a Pool DSCR of at least the Sweep DSCR. In the event the Borrower does not satisfy the Sweep DSCR requirement the Borrower shall be required to comply with Section 5.02(c) below (such period a
“Cash Sweep Period”) until such requirement is terminated pursuant to this Agreement, but no Default or Event of Default shall be deemed to have occurred; 

(b) During any Cash Sweep Period, all Net Operating Income of the Borrower, after payment of all debt service amounts due under
this Agreement, shall be deposited by Borrower on a monthly basis into an account established with and pledged to the Administrative Agent, for the benefit of the Lenders, as collateral for the Loan. Provided no Default or Event of Default shall be
in existence, any amounts pledged to the Administrative Agent under this Section 5.02(c) shall be released to the Borrower if the Borrower has achieved a Pool DSCR of at least the Sweep DSCR for two (2) consecutive fiscal quarters; 

  
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 (c) 

(i) Notwithstanding Section 5.02(a) above, if as of any fiscal quarter end commencing for the quarter ending
March 31, 2014, the Pool DSCR is less than the Trigger DSCR, Borrower shall, upon the earlier of actual submission of the Compliance Certificate or the date the applicable Compliance Certificate is required to be submitted under
Section 5.01(f) hereof, pay or deposit an amount equal to such portion of the unpaid principal which would allow Borrower to satisfy a Pool DSCR of at least 1.30 to 1.0 (the “DSCR Deposit”) in the form of either, at the
Borrower’s option (1) a principal payment to be applied in reduction of the Loan, (2) cash, which shall be deposited by Administrative Agent into an account established with and pledged to the Administrative Agent as collateral for
the Loan, or (3) an Acceptable Letter of Credit. The DSCR Deposit shall be held by Administrative Agent, for the benefit of the Lenders, as additional collateral for the Loan. 

(ii) At any time that the Administrative Agent holds a DSCR Deposit, (x) no Cash Sweep Period shall be deemed to be in
existence, and (y) no Default or Event of Default shall be deemed to have occurred under this Section, provided the foregoing shall not be deemed to waive any requirement that the Borrower comply with the provisions of this
Section 5.02(c) as to any subsequent fiscal quarter end if the Borrower fails to achieve a Pool DSCR of at least the Trigger DSCR as of such subsequent fiscal quarter end, with the amount of DSCR Deposit being held by the Administrative
Agent as collateral being credited against the amount of the DSCR Deposit required to be made as a result of any subsequent failure to achieve the Trigger DSCR. 

(iii) Thereafter, if the Borrower has achieved a Pool DSCR of at least 1.30 to 1.0 for two (2) consecutive fiscal quarters
and no Default or Event of Default shall be in existence, the aggregate DSCR Deposit shall be released to the Borrower, and the provisions of Section 5.02(a), 5.02(b) and /or 5.02(c) above shall continue in effect with respect to the applicable
Pool DSCR as of each fiscal quarter end thereafter. 
 SECTION 5.03 Notices of Material Events. The Borrower will furnish to the
Administrative Agent and each Lender written notice of the following promptly after it becomes aware of same (unless specific time is set forth below): 

(a) the occurrence of any Default; 

(b) within five (5) Business Days after the filing or commencement of any action, suit or proceeding by or before any
arbitrator or Governmental Authority against or affecting any Credit Party or any Affiliate thereof that, if adversely determined, could reasonably be expected to result in a Material Adverse Effect; 

(c) within five (5) Business Days after the occurrence of any ERISA Event that, alone or together with any other ERISA
Events that have occurred, could reasonably be expected to result in liability of the Borrower in an aggregate amount exceeding $10,000,000.00; and 

(d) any other development that results in, or could reasonably be expected to result in, a Material Adverse Effect. 

Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive officer of Borrower
setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto. 

At the Administrative Agent’s option, after the happening of any of the events listed in clauses (a), (b) or (d) above, the
Administrative Agent may obtain, or cause the Borrower to obtain, an updated Appraisal for the property giving rise to such events, all at the Borrower’s expense. 

SECTION 5.04 Existence; Conduct of Business. The Borrower will do or cause to be done all things necessary to preserve, renew and keep
in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution
permitted under Section 6.01 and shall not apply to the real estate investment trust status of the Parent until such time as the Parent has made its initial election to be treated as a real estate investment trust under the Code. Each
Person that is a Borrower must at all times be a wholly owned Subsidiary of the OP. 

  
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 SECTION 5.05 Payment of Obligations. The Borrower will pay its obligations, including Tax
liabilities, that, if not paid, could result in a Material Adverse Effect before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings,
(b) the Borrower has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect.

 SECTION 5.06 Maintenance of Properties; Insurance. 

(a) The Borrower will (i) keep and maintain all property material to the conduct of its business in good working order and
condition, ordinary wear and tear excepted, and (ii) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are set forth in the schedule provided pursuant to
Section 3.13, with Administrative Agent named as loss payee and a beneficiary of such insurance on substantially similar policies and programs as are acceptable to Administrative Agent. 

(b) The Borrower shall maintain the following insurance coverages for each of the Mortgaged Properties in the Pool: 

(i) An all-risk policy of permanent property insurance insuring the Mortgaged Property against all risks of any kind or
character except those permitted by the Administrative Agent in writing to be excluded from coverage thereunder. 
 (ii) A
boiler and machinery insurance policy covering loss or damage to all portions of the Mortgaged Property comprised of air-conditioning and heating systems, other pressure vessels, machinery, boilers or high pressure piping. 

(iii) An all-risk policy of insurance covering loss of earnings and/or rents from the Mortgaged Property in the event that the
Mortgaged Property is not available for use or occupancy due to casualty, damage or destruction required to be covered by the policies of insurance described in (i) and (ii) above. 

(iv) Commercial general liability, auto liability, umbrella or excess liability and worker’s compensation insurance
against claims for bodily injury, death or property damage occurring on, in or about the Mortgaged Property in an amount and containing terms acceptable to the Administrative Agent. 

(v) Pollution liability insurance with a maximum policy limit of no less than $10,000,000.00 and otherwise containing terms
acceptable to the Administrative Agent and in legal form satisfactory to counsel for the Administrative Agent. 
 (vi) Such
other insurance against other insurable hazards, risks or casualties which at the time are commonly insured against in the case of owners and premises similarly situated, due regard being given to the financial condition of the Borrower, the height
and type of the Mortgaged Property, its construction, location, use and occupancy. 
 (vii) All required insurance will be
written on forms acceptable to the Administrative Agent and by companies having a Best’s Insurance Guide Rating of not less than A/IX or A+/IX (subject to the requirements of any Lease in place as of the date a Borrower acquires a Mortgaged
Property) and which are otherwise acceptable to the Administrative Agent, and such insurance (other than third party liability insurance) shall be written or endorsed so that all losses are payable to the Administrative Agent, as Administrative
Agent for the Lenders. The original policies evidencing such insurance shall be delivered by the Borrower to the Administrative Agent and held by the Administrative Agent, unless Administrative Agent expressly consents to accept insurance
certificates instead. Each such policy shall expressly prohibit cancellation or 

  
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modification of insurance without thirty (30) days’ written notice to the Administrative Agent. The Borrower agrees to furnish (only to the extent available in the event such premiums
are paid directly by tenants) due proof of payment of the premiums for all such insurance to Administrative Agent promptly after each such payment is made and in any case at least fifteen (15) days before payment becomes delinquent. 

(c) The Borrower will pay and discharge all taxes, assessments, maintenance charges, permit fees, impact fees, development
fees, capital repair charges, utility reservations and standby fees and all other similar impositions of every kind and character charged, levied, assessed or imposed against any interest in any of the Mortgaged Property owned by it, as they become
payable and before they become delinquent. The Borrower shall furnish receipts evidencing proof of such payment to the Administrative Agent promptly after payment and before delinquency. 

(d) Except as may be required under the terms of any Approved Lease but subject to any corresponding SNDA Agreement, all
proceeds of insurance shall be paid to Administrative Agent and, at Administrative Agent’s option, be applied to Borrower’s Obligations or released, in whole or in part, to pay for the actual cost of repair, restoration, rebuilding or
replacement (collectively, “Cost To Repair”). Except as may be required under the terms of any Approved Lease but subject to any corresponding SNDA Agreement, if the Cost To Repair does not exceed twenty percent (20%) of the Pool
Value of the subject Mortgaged Property, provided no Event of Default is then in existence, Administrative Agent shall release so much of the insurance proceeds as may be required to pay for the actual Cost to Repair in accordance with and subject
to the provisions of Section 5.06(e) below. 
 (e) If Administrative Agent elects or is required to release
insurance proceeds, Administrative Agent may impose (subject to the requirements of any Approved Lease), reasonable conditions on such release which shall include, but not be limited to, the following: 

(i) Prior written approval by Administrative Agent, which approval shall not be unreasonably withheld or delayed of plans,
specifications, cost estimates, contracts and bonds for the restoration or repair of the loss or damage; 
 (ii) Waivers of
lien, architect’s certificates, contractor’s sworn statements and other evidence of costs, payments and completion as Agent may reasonably require; 

(iii) If the Cost To Repair does not exceed $500,000.00, the funds to pay therefor shall be released to Borrower. Otherwise,
funds shall be released upon final completion of the Repair Work, unless Borrower requests earlier funding, in which event partial monthly disbursements equal to 90% of the value of the work completed shall be made prior to final completion of the
repair, restoration or replacement and the balance of the disbursements shall be made upon full completion and the receipt by Administrative Agent of satisfactory evidence of payment and release of all liens; 

(iv) Determination by Administrative Agent that the undisbursed balance of such proceeds on deposit with Administrative Agent,
together with additional funds deposited for the purpose, shall be at least sufficient to pay for the remaining Cost To Repair, free and clear of all liens and claims for lien; 

(v) All work to comply with the standards, quality of construction and Legal Requirements applicable to the original
construction of the Property; 
 (vi) in Administrative Agent’s good faith judgment the Repair Work is likely to be
completed at least three (3) months prior to the Maturity Date; and 
 (vii) each tenant of the Property which might
otherwise have a right to terminate its lease on account of such casualty shall have waived its right to so terminate conditioned only upon the repair work being completed within a reasonable period of time acceptable to Administrative Agent or such
period as is expressly provided in the applicable leases, whichever is longer, so long as the period does not exceed the period for which rent loss insurance is available. 

  
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 (f) Subject to the requirements of any Approved Lease, if there is any
condemnation for public use of a Mortgaged Property or of any Collateral, the awards on account thereof shall be paid to Administrative Agent and shall be applied to Borrower’s obligations, or at Administrative Agent’s discretion released
to Borrower. If, in the case of a partial taking or a temporary taking, in the sole judgment of Administrative Agent the effect of such taking is such that there has not been a material and adverse impairment of the viability of the Mortgaged
Property or the value of the Collateral, so long as no Default exists Administrative Agent shall release awards on account of such taking to Borrower if such awards are sufficient (or amounts sufficient are otherwise made available) to repair or
restore the Administrative Property to a condition reasonably satisfactory to Administrative Agent subject to the requirements of Section 5.06(e). 

SECTION 5.07 Books and Records; Inspection Rights. 

(a) The Borrower will keep proper books of record and account in which full, true and correct entries are made of all dealings
and transactions in relation to its business and activities. 
 (b) The Borrower will permit any representatives designated
by the Administrative Agent or any Lender, upon reasonable prior notice and subject to rights of tenants, to visit and inspect its properties, to examine and make extracts from its books and records, and to discuss its affairs, finances and
condition with its officers and independent accountants, all at such reasonable times and as often as reasonably requested. 
 SECTION 5.08
Compliance with Laws. The Borrower will comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect. 
 SECTION 5.09 Use of Proceeds. The proceeds of the Loans will be
used for acquisition costs and Leasing Costs related to the Mortgaged Properties. No part of the proceeds of any Loan will be used, whether directly or indirectly, for financing, funding or completing the hostile acquisition of publicly traded
Persons or for any purpose that entails a violation of any of the Regulations of the Board, including Regulations U and X. 
 SECTION
5.10 Fiscal Year. Borrower shall maintain as its fiscal year the twelve (12) month period ending on December 31 of each year. 

SECTION 5.11 Environmental Matters.  

(a) Borrower shall comply and shall cause each Real Property owned or leased by a Borrower to comply in all material respects
with all applicable Environmental Laws currently or hereafter in effect, except to the extent noncompliance could not reasonably be expected to have a Material Adverse Effect. 

(b) If the Administrative Agent or the Required Lenders at any time have a reasonable basis to believe that there may be a
material violation of any Environmental Law related to any Real Property owned or leased by Borrower, or Real Property adjacent to such Real Property, which could reasonably be expected to have a Material Adverse Effect, then Borrower agrees, upon
request from the Administrative Agent (which request may be delivered at the option of Administrative Agent or at the direction of Required Lenders), to provide the Administrative Agent, at the Borrower’s expense, with such reports,
certificates, engineering studies or other written material or data as the Administrative Agent or the Required Lenders may reasonably require so as to reasonably satisfy the Administrative Agent and the Required Lenders that any Credit Party or
Real Property owned or leased by them is in material compliance with all applicable Environmental Laws. 
 (c) Borrower shall
take such Remedial Action or other action as required by Environmental Law or any Governmental Authority. 

  
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 (d) If the Borrower fails to timely take, or to diligently and expeditiously
proceed to complete in a timely fashion, any action described in this Section, the Administrative Agent may, after notice to the Lead Borrower, with the consent of the Required Lenders, make advances or payments toward the performance or
satisfaction of the same, but shall in no event be under any obligation to do so. All sums so advanced or paid by the Administrative Agent (including reasonable counsel and consultant and investigation and laboratory fees and expenses, and fines or
other penalty payments) and all sums advanced or paid in connection with any judicial or administrative investigation or proceeding relating thereto, will become due and payable from the Borrower ten (10) Business Days after demand, and shall
bear interest at the rate for past due interest provided in Section 2.12(c) from the date any such sums are so advanced or paid by the Administrative Agent until the date any such sums are repaid by the Borrower. Promptly upon request,
the Borrower will execute and deliver such instruments as the Administrative Agent may deem reasonably necessary to permit the Administrative Agent to take any such action, and as the Administrative Agent may require to secure all sums so advanced
or paid by the Administrative Agent. If a Lien is filed against the Mortgaged Property by any Governmental Authority resulting from the need to expend or the actual expending of monies arising from an action or omission, whether intentional or
unintentional, of the Borrower or for which any Borrower is responsible, resulting in the Releasing of any Hazardous Material into the waters or onto land located within or without the State where the Mortgaged Property is located, then the Borrower
will, within thirty (30) days from the date that the Borrower is first given notice that such Lien has been placed against the Mortgaged Property (or within such shorter period of time as may be specified by the Administrative Agent if such
Governmental Authority has commenced steps to cause the Mortgaged Property to be sold pursuant to such Lien), either (i) pay the claim and remove the Lien, or (ii) furnish a cash deposit, bond or such other security with respect thereto as
is satisfactory in all respects to the Administrative Agent and is sufficient to effect a complete discharge of such Lien on the Mortgaged Property. 

SECTION 5.12 Property Pool. Each Mortgaged Property (such Mortgaged Properties, collectively, the “Pool”) that is subject to
a Deed of Trust and Environmental Indemnity shall not be subject to a Lien in any manner, other than Permitted Encumbrances, and shall meet the following requirements: 

(i) a final certificate of occupancy, or the local equivalent has been issued by the appropriate Governmental Authority for all
of the improvements on the Real Property; 
 (ii) no material deferred maintenance and no capital improvements are required
or if required, adequate reserves, pledged to the Administrative Agent (unless the subject tenant is obligated to pay for such maintenance or capital improvements), are made therefor to continue operating consistent with its use on the Effective
Date, as determined by an architectural or engineering report approved by the Administrative Agent; 
 (iii) (1) the
Administrative Agent shall have received Phase I environmental reports, together with an acceptable reliance letter, from third-party independent consultants for each Mortgaged Property in the Pool that does not disclose any adverse material
environmental conditions, other than as set forth in Section 5.17 below, (2) the owner of the subject property has made the representations and warranties in Sections 3.05 and 3.07 as to each Mortgaged Property, (3) the owner
of the subject Mortgaged Property has provided a current Survey, Title Insurance Policy, Financing Statement, flood zone certification, probable maximum loss study (if applicable), a copy of the tenant leases with any amendments, an estoppel from
such tenant, a SNDA Agreement from such tenant, and all other documents required for Collateral as the Administrative Agent may require (which will include, at a minimum, proof of casualty and liability insurance complying with this Agreement,
architect’s or engineer’s inspection report (together with an acceptable reliance letter(s)), central and local Uniform Commercial Code searches, Appraisal, and recent photographs) and in form and substance satisfactory to the
Administrative Agent. 
 SECTION 5.13 Further Assurances. At any time upon the request of the Administrative Agent, Borrower will,
promptly and at its expense, execute, acknowledge and deliver such further documents and perform such other acts and things as the Administrative Agent may reasonably request to evidence the Loans made hereunder and 

  
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interest thereon in accordance with the terms of this Agreement. The Administrative Agent has agreed in some instances that the maximum amount secured by a Deed of Trust may be limited in order
to reduce fees or taxes paid by the Borrower in a particular jurisdiction. 
 SECTION 5.14 Partial Releases. The Borrower may obtain
the release of any Mortgaged Property (the “Release Tract”) from the liens and security interests of the Loan Documents if it satisfies the following terms and conditions: 

(a) No Event of Default is in existence, and the release of the Release Tract will not cause there to be a Default. 

(b) After giving effect to the subject release, the Pool DSCR will not have decreased, provided the Borrower shall have the
right to make an additional principal prepayment in order to satisfy this requirement. 
 (c) The release will be for the
complete Mortgaged Property, and not for just a portion thereof. 
 (d) No less than fifteen (15) days prior to the date
of the requested release (“Partial Release Date”), the Lead Borrower shall deliver to the Administrative Agent a written request for such partial release in the form of Exhibit F (the “Release Request”). 

(e) The Borrower shall provide the Administrative Agent with an endorsement to the Title Insurance Policy, if required with
respect to interrelated Title Insurance Policies, and such other documents as may be reasonably required by the Administrative Agent, to confirm that the liens and security interests of the Loan Documents remain valid and prior liens against the
Mortgaged Properties (the “Remaining Projects”). 
 (f) Simultaneous with such Release, the Borrower shall
pay to the Administrative Agent, the applicable Release Price for application to the outstanding Obligations. 
 (g) Upon
such Release, the Available Holdback Amount with respect to such Mortgaged Property shall no longer be available to be advanced and shall be deemed terminated, and the remaining unfunded Commitments of the Lenders shall be reduced on a pro rata
basis. 
 (h) The Borrower shall pay all costs and expenses incurred by the Administrative Agent in connection with such
Partial Release, including, without limitation, reasonable attorneys’ fees, recording fees and any title policy endorsement fees. 

Subject to the satisfaction of the provisions of this Section, any Borrower owning the Release Tract which has no other ownership interest in
any of the Remaining Projects, will be released from further payment and performance of the Loans on the Partial Release Date, other than obligations under the Environmental Indemnity. 

SECTION 5.15 Escrows/Deposits. Each Borrower shall establish and maintain with the Administrative Agent its primary deposit accounts
and such other deposit accounts as may be required under the Loan Documents. Each such account shall be pledged as collateral for the Loan, with the initial deposit and other escrow accounts established as of the Effective Date being listed on
Schedule DA annexed hereto. 
 (a) On the Effective Date, Borrower shall escrow the following in an account established with
the Administrative Agent: 
 (i) the amount of all rent abatements for existing tenants at the Mortgaged Properties; 

(ii) the amount of the GE Allowance and all such other refurbishment or tenant improvement allowances payable to tenants at the
Mortgaged Properties; and 
 (iii) the amount of any major capital improvements required at the Mortgaged Properties as
determined by Administrative Agent. 

  
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 (iv) Provided no Default shall be in existence, (A) amounts held in escrow
for rent abatements shall be released to Borrower in monthly installments over the rent abatement period in keeping with the related lease, (b) amounts held for refurbishment or tenant improvement allowances shall be released as costs are
incurred (and for capital improvements, in keeping with a budget approved by Administrative Agent for the subject Mortgaged Property), with any release of funds under this subsection (iv) being subject to Administrative Agent’s receipt of
an itemized breakdown of amounts to be released and/or costs incurred and, with respect to items of $1,000 or more in any instance, or $10,000 or more in the aggregate for all such requisitions, copies of invoices, bills or other documentation in
support thereof acceptable to Administrative Agent. 
 (b) All early termination or contraction penalties paid by tenants
shall be held in the Leasing Reserve Account at Administrative Agent. Such funds may be released to pay the Leasing Costs related to newly executed Approved Leases with replacement tenants for such space. If such early termination or contraction
penalty is insufficient to cover such Leasing Costs, as determined by Agent, Borrower shall fund the Leasing Reserve Account in the amount of such deficiency in equal monthly installments over the period from the date of tenant’s notice of
termination to date of such tenant’s vacancy. 
 (c) Commencing on November 1, 2015 and on the first day of each
month thereafter, Borrower shall fund the Leasing Reserve Account in equal monthly installments in an amount sufficient to cover budgeted Leasing Costs for the twelve month period commencing twelve months from each such date, in keeping with the
Leasing Budget, as same is adjusted from time to time in accordance with the terms hereof. Provided no Default shall be in existence, the Administrative Agent shall release amounts in the Leasing Reserve Account to pay Leasing Costs incurred in
accordance with the Leasing Budget, subject to Administrative Agent’s receipt of an itemized breakdown of amounts to be released and the costs incurred and, with respect to items of $1,000 or more in any instance, or $10,000 or more in the
aggregate for all such requisitions, copies of invoices, bills or other documentation in support thereof acceptable to Administrative Agent. 

SECTION 5.16 Parent Covenants. The Parent will: 

(a) own, directly or indirectly, free and clear of any Liens, all of the general partner interests in the OP and, once
acquired, will not sell or transfer any of its limited partner interests in the OP (provided other limited partners may sell or transfer their respective limited partner interests in the OP, subject to compliance with Section 9.14 below); 

(b) cause the OP to own, directly or indirectly, free and clear of any Liens, all of the ownership interests in each Borrower;

 (c) maintain management and control of the OP and each Borrower; 

(d) conduct substantially all of its operations through the OP and one of more of the OP’s Subsidiaries; 

(e) subject to clause (e)(i) below, not permit the Preferred Units or the Series A Preferred Shares (each as defined in the
Starwood Documents) to be transferred, and the OP and the Parent will not consent to any transfer of the Preferred Units or the Series A Preferred Shares, as the case may be, to any entity without the prior written consent of the Lenders in their
sole discretion; any such consent shall be conditioned upon, without limitation, the Lenders obtaining all required “know your customer” and other information regarding such transferee as the Lenders may reasonably request; 

(i) Notwithstanding any other provision hereof, a Starwood Entity may make a pledge (a “Pledge”) of the Preferred
Units or the Series A Preferred Shares to any entity which has extended a credit facility to a Starwood Entity provided that such entity (a “Pledgee”) is an Eligible Assignee. Starwood Entity shall deliver written notice to Lenders that
the Pledge has been effected, which notice shall be delivered within five (5) Business Days after the Pledge has been effected and shall include the name, address, and facsimile number for the Pledgee. Notwithstanding anything to the contrary
contained in this Credit Agreement, no Person may take title to the Preferred Units or Series A Preferred Shares without Lenders’ approval in their sole 

  
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discretion unless such Person is an Eligible Assignee. Subject to the foregoing requirements with respect to the taking of title to the Preferred Units or Series A Preferred Shares, Pledgee shall
be permitted to fully exercise its rights and remedies against Starwood Entity, and realize on any and all collateral granted by Starwood Entity to Pledgee in accordance with applicable law. In such event, subject to the foregoing requirements with
respect to the taking of title to the Preferred Units or Series A Preferred Shares by a Person that is not an Eligible Assignee, Lenders shall recognize Pledgee (and any transferee which is also an Eligible Assignee) and its successors and assigns
as the successor to Starwood Entity’s rights, remedies and obligations under the Starwood Documents. The rights of Pledgee under this Section 5.16(e) shall remain effective unless and until Pledgee shall have notified Lenders in
writing that its interest in the Preferred Units or Series A Preferred Shares has been terminated. Notwithstanding anything to the contrary in this Credit Agreement, any Pledge and all other transactions contemplated by this
Section 5.16(e) shall not constitute Events of Default under the Loan Documents. 
 (f) not enter into, nor
permit the OP nor any Affiliate thereof to enter into any amendment of the Starwood Documents or of any constituent document of any Credit Party in a manner which would be materially adverse to the Lenders without the prior written approval of the
Lenders; and 
 (g) comply with all Legal Requirements to maintain, and, after its initial election, will at all times elect,
qualify as and maintain, its status as a real estate investment trust under Section 856(c)(i) of the Code. 
 SECTION 5.17
Environmental Reporting. The Borrower shall submit a new Baseline Environmental Assessment and Due Care Plan to the Michigan Department of Environmental Quality with respect to the known on-site contaminated fill material located at the
property located at 333 and 777 Republic Drive, Allen Park, Michigan no later than August 5, 2014. 
 SECTION 5.18 OFAC. 

(a) No Credit Party is, nor shall any Credit Party be at any time, a Person with whom the Lenders are restricted from doing
business under the regulations of the Office of Foreign Asset Control (“OFAC”) of the Department of Treasury of the United States of America (including, those Persons named on OFAC’s Specially Designated and Blocked Persons list) or
under any statute, executive order (including, the September 24, 2001 Executive Order Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism), or other governmental action. 

(b) No Credit Party is, nor shall any Credit Party be at any time, knowingly engaged in any dealings or transactions or
otherwise be associated with such Persons referenced in clause (a) above. 
 SECTION 5.19 ECP. Each Borrower and the Guarantor
is a Qualified ECP Party. 
 ARTICLE VI 

Negative Covenants 
 Until the
Commitments have expired or terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full, the Borrower covenants and agrees with the Lenders that: 

SECTION 6.01 Liens. The Borrower will not create, incur, assume or permit to exist any Lien on any property or asset now owned or
hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof, except: 

(a) Permitted Encumbrances; and 

(b) any Lien on any property or asset of the Borrower existing on the date hereof and set forth in Schedule 6.01;
provided that (i) such Lien shall not apply to any other property or asset of the Borrower and (ii) such Lien shall secure only those obligations (whether present or future) set forth in the governing loan documents, as of the date
hereof and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof. 

  
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 SECTION 6.02 Fundamental Changes. Neither any Borrower or the Parent will: 

(a) merge into or consolidate with any other Person, or permit any other Person to merge into or consolidate with it, or sell,
transfer, lease or otherwise dispose of (in one transaction or in a series of transactions) all or substantially all of the assets of the Borrower, the Parent or all or substantially all of the stock of its Subsidiaries (in each case, whether now
owned or hereafter acquired), or liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Default shall have occurred and be continuing (i) any Person not a Credit Party may merge into, or
consolidate with, any Subsidiary in a transaction in which the surviving entity is a Subsidiary, (ii) any Subsidiary not a Credit Party may sell, transfer, lease or otherwise dispose of its assets to the Borrower or to another Subsidiary,
(iii) any Subsidiary not a Credit Party may liquidate or dissolve if the Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Borrower and is not materially disadvantageous to the Lenders. 

(b) as to the Parent, sell, transfer, lease or otherwise dispose of any of its assets to a Person if (i) the Value of the
assets disposed of in any twelve (12) month period exceeds twenty-five percent (25%) of the Value of the Parent’s and its Subsidiaries’ Real Property, or (ii) the assets disposed of in any twelve (12) month period
contributed or made up more than twenty-five percent (25%) of the Parent’s Net Operating Income for such twelve (12) month period. 

(c) engage to any material extent in any business other than the ownership, development, operation and management of office,
industrial, warehouse, distribution or educational properties (or mixed uses thereof) and businesses reasonably related thereto, except as allowed by Section 6.03. 

SECTION 6.03 Investments, Loans, Advances and Acquisitions. The Borrower will not purchase, hold or acquire any capital stock,
evidences of indebtedness (subject to Section 6.09 below) or other securities (including any option, warrant or other right to acquire any of the foregoing) of, make or permit to exist any loans or advances to, or make or permit to exist any
investment or any other interest in, any other Person, or purchase or otherwise acquire (in one transaction or a series of transactions) any assets of any other Person constituting a business unit, except: 

(a) Permitted Investments; 

(b) The Mortgaged Properties. 

SECTION 6.04 Hedging Agreements. The Borrower will not enter into any Hedging Agreement, other than Hedging Agreements entered into in
the ordinary course of business to hedge or mitigate risks to which the Borrower is exposed in the conduct of its business or the management of its liabilities. 

SECTION 6.05 Restricted Payments. No Borrower will make any Restricted Payments while any Default shall be in existence. 

SECTION 6.06 Transactions with Affiliates. The Borrower will not sell, lease or otherwise transfer any property or assets to, or
purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates, except (a) in the ordinary course of business at prices and on terms and conditions not less favorable
to the Borrower than could be obtained on an arm’s-length basis from unrelated third parties (with in independent MAI appraisal delivered by a qualified third party appraiser being conclusive to establish compliance with this requirement),
(b) transactions between or among the Borrower not involving any other Affiliate and (c) any Restricted Payment permitted by Section 6.05. 

SECTION 6.07 Parent Negative Covenants. The Parent will not (a) give or allow any Lien on the direct or indirect ownership
interests of a Borrower or of OP, provided that nothing contained in the Starwood Documents shall be deemed to constitute a violation of this Section 6.07(a); or (b) engage to any material extent in any business other than the ownership,
development, operation and management of office, industrial, warehouse, distribution or educational (or mixed uses thereof) properties leased to third parties under triple net or absolute leases. 

SECTION 6.08 Restrictive Agreements. The Borrower will not directly or indirectly enter into, incur or permit to exist any agreement or
other arrangement that prohibits, restricts or imposes any condition upon the ability 

  
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of the Borrower to create, incur or permit to exist any Lien upon any of its property or assets; provided that the foregoing shall not apply to (i) restrictions and conditions imposed by law
or by this Agreement or as otherwise approved by the Administrative Agent, (ii) restrictions or conditions imposed by any agreement relating to secured Indebtedness or Liens permitted by this Agreement if such restrictions or conditions apply
only to the property or assets securing such Indebtedness and (iii) customary provisions in leases restricting the assignment thereof. 

SECTION 6.09 Indebtedness. The Borrower shall not, without the prior written consent of the Required Lenders, create, incur, assume,
guarantee or be or remain liable, contingently or otherwise with respect to any Indebtedness, except: (a) Indebtedness under this Agreement; (b) Indebtedness under any Hedging Obligations; (c) Indebtedness for trade payables and
operating expenses incurred in the ordinary course of business. 
 SECTION 6.10 Management Fees. At any time that any Default or
Event of Default exists under this Agreement or any other Loan Document, then in any of such event(s), no Credit Party may pay any management, property, asset or similar fees to any other Credit Party or to any Affiliate, including, without
limitation, to Griffin Capital Essential Asset Property Management, LLC and/or Griffin Capital Essential Asset Advisor, LLC. All such parties shall execute subordination agreements in form and substance acceptable to the Administrative Agent with
respect to such fees. 
 SECTION 6.11 Leases. 

(a) The Borrower may enter into, terminate, amend and modify any leases for rentable space in the Mortgaged Properties in its
discretion, provided (i) without Administrative Agent’s prior written consent in each instance: (A) no Major Lease of the rentable space at any Mortgaged Property shall be terminated, and (B) no Major Lease shall be modified or
amended, and no new Major Lease shall be entered into, and (ii) without Majority Lenders prior written consent in each instance: (A) no Majority Lender Lease of the rentable space at any Mortgaged Property shall be terminated, and
(B) no Majority Lender Lease shall be modified or amended, and no new Majority Lender Lease shall be entered into. Administrative Agent and each of the Lenders shall be provided with a full and complete copy of each proposed lease and any
amendment or modification thereof. Any lease, or modification or amendment of lease, which has been so approved by Administrative Agent or the Majority Lenders, and, if so requested by Administrative Agent as to which the tenant has executed an SNDA
Agreement, estoppel certificate, or both, acceptable to Administrative Agent, and any lease, or modification or amendment of lease which does not require Administrative Agent’s or the Majority Lenders approval, shall be an “Approved
Lease”. 
 (b) Any request by Borrower for an approval with respect to leasing matters shall be accompanied, at a
minimum, by the following: (i) the proposed lease or amendment or modification thereof complete with all applicable schedules and exhibits; (ii) a complete copy of any proposed guaranty; (iii) comprehensive financial information with
respect to the proposed tenant, sub-tenant or assignee and, if applicable, the proposed guarantor (as to new leases or amendments or modifications to existing leases involving material economic changes, and as to proposed sub-lets or assignments);
(iv) a brief written summary of the proposed permitted uses and a discussion of how such uses relate to other tenancies then existing at the Property; (v) an executive summary of the terms and conditions of the proposed lease, sub-lease or
assignment, and, if applicable, the proposed guaranty; and (vi) an executive summary of the facts and conditions relating to any proposed termination of lease. 

(c) The Administrative Agent and/or the Majority Lenders shall act on requests from Borrower for any approval under
Section 6.11(a) in a commercially reasonable manner and shall use commercially reasonable efforts to respond to any such request within ten (10) Business Days following Administrative Agent’s or Lenders’ receipt thereof.
Administrative Agent’s or the Majority Lenders’ response may consist of an approval or disapproval of the request, or a conditional approval thereof subject to specified conditions, or a request for further data or information, or any
combination thereof. In order to expedite the processing of requests for such approvals, Borrower agrees to provide Administrative Agent and each of the Lenders with as much advance information as is possible in a commercially reasonable manner in
advance of Borrower’s formal request for an approval. 
 (d) Administrative Agent shall have the right to require each
tenant to execute and deliver to Administrative Agent a subordination, non-disturbance of possession and attornment agreement (“SNDA Agreement”) in form, content and manner of execution acceptable to Administrative Agent and, from time to
time, an estoppel certificate in form and manner of execution acceptable to Administrative Agent. 

  
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 ARTICLE VII 

Events of Default 
 If any
of the following events (“Events of Default”) shall occur: 
 (a) the Borrower shall fail to pay any
principal of any Loan when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise; 

(b) any Credit Party shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred
to in clause (a) of this Article) payable under any Loan Documents, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of over three Business Days (such three Business Day period
commencing after written notice from the Administrative Agent as to any such fee); 
 (c) any representation or warranty made
or deemed made by or on behalf of any Credit Party in or in connection with any Loan Document or any amendment or modification thereof or waiver thereunder, or in any report, certificate, financial statement or other document furnished pursuant to
or in connection with this Agreement or any amendment or modification hereof or waiver hereunder, shall prove to have been incorrect in any material respect when made or deemed made; 

(d) the Borrower shall fail to observe or perform any covenant, condition or agreement contained in Article V or
VI other than Sections 5.04, 5.05, 5.06, 5.07(a), 5.08, and 5.11; 

(e) any Credit Party shall fail to observe or perform any covenant, condition or agreement contained in any Loan Document
(other than those specified in clause (a), (b) or (d) of this Article), and such failure shall continue unremedied for a period of over 30 days after notice thereof from the Administrative Agent to the Lead Borrower (which
notice will be given at the request of any Lender) and if such default is not cureable within thirty (30) days and the Credit Party is diligently pursuing cure of same, the cure period may be extended for 30 days (for a total of 60 days after
the original notice from the Administrative Agent) upon written request from the Borrower to the Administrative Agent; 
 (f)
an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of any Credit Party or its debts, or of a substantial part of its assets, under any
Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for any Credit Party or for a
substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for 60 days or an order or decree approving or ordering any of the foregoing shall be entered; 

(g) any Credit Party shall (i) voluntarily commence any proceeding or file any petition seeking liquidation,
reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any
proceeding or petition described in clause (h) of this Article (with the exception of any such proceeding commenced by the Administrative Agent on behalf of the Lenders), (iii) apply for or consent to the appointment of a receiver,
trustee, custodian, sequestrator, conservator or similar official for such Person or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding,
(v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing; 

(h) any Credit Party shall become unable, admit in writing its inability or fail generally to pay its debts as they become due;

  
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 (i) one or more judgments for the payment of money in an aggregate amount in
excess of $500,000.00 shall be rendered against any Borrower or in excess of $10,000,000 shall be rendered against any Guarantor or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which
execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of such Person to enforce any such judgment; 

(j) an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when taken together with all other ERISA
Events that have occurred, could reasonably be expected to result in liability of the Borrower in an aggregate amount exceeding $10,000,000; 

(k) the Guaranty of the Loan by the Guarantor shall for any reason terminate or cease to be in full force and effect, other
than as provided for in Section 5.14 of this Agreement; 
 (l) any Credit Party shall default under any Material
Contract; 
 (m) any Credit Party shall (or shall attempt to) disavow, revoke or terminate any Loan Document to which it is a
party or shall otherwise challenge or contest in any action, suit or proceeding in any court or before any Governmental Authority the validity or enforceability of any Loan Document; 

(n) any provision of any Loan Document with respect to the Collateral shall for any reason ceases to be valid and binding on,
enforceable against, any Credit Party resulting in a Material Adverse Effect, or any lien created under any Loan Document ceases to be a valid and perfected first priority lien in any of the Collateral purported to be covered thereby; or 

(o) a Change in Control shall occur. 

then, and in every such event (other than an event described in clause (g) or (h) of this Article), and at any time thereafter during
the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Lead Borrower, take some or all of the following actions, at the same or different times: (i) terminate the
Commitments, and thereupon the Commitments shall terminate immediately, (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be
declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall become due and payable
immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower, and (iii) exercise any other rights or remedies provided under this Agreement or any other Loan Document, or any
other right or remedy available by law or equity; and in case of any event described in clause (g) or (h) of this Article, the Commitments shall automatically terminate and the principal of the Loans then outstanding,
together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived
by the Borrower. 
 ARTICLE VIII 

The Administrative Agent 
 Each
of the Lenders hereby irrevocably appoints the Administrative Agent as its agent and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof,
together with such actions and powers as are reasonably incidental thereto. In the event of conflicting instructions or notices given to the Borrower by the Administrative Agent and any Lender, the Borrower is hereby directed and shall rely
conclusively on the instruction or notice given by the Administrative Agent. 
 The bank serving as the Administrative Agent hereunder shall
have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage
in any kind of business with the Borrower or any Affiliate thereof as if it were not the Administrative Agent hereunder. 

  
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 The Administrative Agent shall not have any duties or obligations except those expressly set
forth herein. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the
Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby that the Administrative Agent is required to exercise in writing
by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 9.02), and (c) except as expressly set forth herein, the Administrative Agent shall not
have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to any Credit Party that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity.
The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as
provided in Section 9.02) or in the absence of its own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the
Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this
Agreement, (ii) the contents of any certificate, report or other document delivered hereunder or in connection herewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein,
(iv) the validity, enforceability, effectiveness or genuineness of this Agreement or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than
to confirm receipt of items expressly required to be delivered to the Administrative Agent. The Administrative Agent agrees that, in fulfilling its duties hereunder, it will use the same standard of care it utilizes in servicing loans for its own
account. 
 The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice,
request, certificate, consent, statement, instrument, document or other writing believed by it to be genuine and to have been signed or sent by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by
telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other
experts selected by it, and shall not be liable for any action taken or not taken by it in good faith in accordance with the advice of any such counsel, accountants or experts. 

The Administrative Agent may perform any and all its duties and exercise its rights and powers by or through any one or more sub-agents
appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding
paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for
herein as well as activities as Administrative Agent. 
 Subject to the appointment and acceptance of a successor Administrative Agent as
provided in this paragraph, the Administrative Agent may resign at any time by notifying the Lenders and the Lead Borrower, and may be removed by the Required Lenders in the event of the Administrative Agent’s gross negligence or willful
misconduct. Upon any such resignation or removal, the Required Lenders shall have the right, with the approval of Borrower (provided no Default has occurred and is continuing), which approval shall not be unreasonably withheld, to appoint a
successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation or is removed, then the retiring
Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent which shall be a Lender, or a bank with an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as
Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from
its duties and obligations hereunder. The fees payable by the Borrower to a successor Administrative Agent for its own behalf shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor.
After the Administrative Agent’s resignation hereunder, the provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related
Parties in respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent. The Administrative Agent shall cooperate with any successor Administrative Agent in fulfilling its duties hereunder. 

  
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 Each Lender acknowledges that it has, independently and without reliance upon the Administrative
Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without
reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this
Agreement, any related agreement or any document furnished hereunder or thereunder. Administrative Agent agrees to provide the Lenders with copies of all material documents and certificates received by the Administrative Agent from Borrower in
connection with the Loans. 
 ARTICLE IX 

Miscellaneous 
 SECTION 9.01
Notices. Except in the case of notices and other communications expressly permitted to be given by telephone, all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier
service, mailed by certified or registered mail or sent by telecopy, as follows: 
 (a) if to the Borrower, to the Lead
Borrower in care of Griffin Capital Essential Asset REIT, Inc. at 2121 Rosecrans, Ste. 3321, El Segundo, California 90245, Attention: Joseph E. Miller (Telephone No. (310) 469 6100 and Telecopy No. (310) 606-5910)); copy to: Mary Higgins,
Griffin Capital, 790 Estate Drive, Deerfield, Illinois 60015 (Telephone No. (847) 267-1180 and Telecopy No. (897) 267-1237. 

(b) if to the Administrative Agent, to KeyBank, National Association, 225 Franklin Street, Boston, Massachusetts, Attention:
Christopher T. Neil, (Telephone No. (617) 385-6202 and Telecopy No. (617) 385-6293); and 
 (c) if to any other
Lender, to it at its address (or telecopy number) set forth on the signature pages of this Agreement, or as provided to Borrower in writing by the Administrative Agent or the Lender. 

Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the other parties hereto. All notices
and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given (i) if given by telecopy, when such telecopy is transmitted to the telecopy number specified in this
Section and the appropriate confirmation is received (or if such day is not a Business Day, on the next Business Day); (ii) if given by mail (return receipt requested), on the earlier of receipt or three (3) Business Days after such
communication is deposited in the mail with first class postage prepaid, addressed as aforesaid; or (iii) if given by any other means, when delivered at the address specified in this Section; provided that notices to the Administrative
Agent under Article II shall not be effective until received. 
 SECTION 9.02 Waivers; Amendments. 

(a) No failure or delay by the Administrative Agent or any Lender in exercising any right or power hereunder or under any other
Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or
the exercise of any other right or power. The rights and remedies of the Administrative Agent and the Lenders hereunder and under any other Loan Document are cumulative and are not exclusive of any rights or remedies that they would otherwise have.
No waiver of any provision of this Agreement or consent to any departure by the Borrower therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be
effective only in the specific instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent or
any Lender may have had notice or knowledge of such Default at the time. 

  
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 (b) Neither this Agreement nor any provision hereof or thereof may be waived,
amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders or by the Borrower and the Administrative Agent with the consent of the Required Lenders; provided that no such
agreement shall (i) reduce or increase the Commitment of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan or reduce the rate of interest thereon, or reduce any fees payable hereunder,
without the written consent of each Lender affected thereby, (iii) postpone the scheduled date of payment of the principal amount of any Loan, or any interest thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any
such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender affected thereby, (iv) change Section 2.17(b) or (c) in a manner that would alter the pro rata
sharing of payments required thereby, without the written consent of each Lender, (v) change any of the provisions of this Section or the definition of “Required Lenders”, “Majority Lenders” or any other provision hereof
specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender, (vi) release any Credit Party from its
obligations under the Loan Documents or release any Collateral, except as specifically provided for herein, without the written consent of each Lender, (vii) subordinate the Loans or any Collateral without the written consent of each Lender,
(viii) waive or modify any conditions of extending the Loans set forth in Section 2.19 without the written consent of each Lender affected thereby, (ix) consent to the Collateral securing any other Indebtedness without the written
consent of each Lender; provided further that no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent hereunder without the prior written consent of the Administrative Agent. 

(c) Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any
amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders),
except that (x) the Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender; and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by
its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such Defaulting Lender. 

(d) Notwithstanding any provision of this Agreement to the contrary none of the Lenders or the existing Borrower will be
required to execute assumption or amendment documents to add a Person as a Borrower or as a Guarantor. If Real Property assets are added to the Pool in accordance with this Agreement and the owner is not already a Borrower, then such owner may be
added as a Borrower as required by Section 5.12 pursuant to a Joinder Agreement in the form attached hereto as Exhibit F executed by such owner and delivered to the Administrative Agent, and in each case Borrower, Guarantor, such
owner and the Administrative Agent will enter into an amendment to the Environmental Indemnity. 
 SECTION 9.03 Expenses; Indemnity;
Damage Waiver. 
 (a) The Borrower shall pay (i) all reasonable out-of-pocket expenses incurred by the
Administrative Agent and its Affiliates, including the reasonable fees, charges and disbursements of counsel for the Administrative Agent, in connection with the syndication of the credit facilities provided for herein, the preparation and
administration of this Agreement or any amendments, modifications or waivers of the provisions hereof (whether or not the transactions contemplated hereby or thereby shall be consummated), and (ii) all out-of-pocket expenses (including, without
limitation, appraisal fees) incurred by the Administrative Agent or any Lender, including the reasonable fees, charges and disbursements of any counsel for the Administrative Agent or any Lender, in connection with the enforcement or protection of
its rights in connection with this Agreement, including its rights under this Section, or in connection with the Loans made hereunder, including all such out-of-pocket expenses incurred during any waivers, workout, restructuring or negotiations in
respect of such Loans. 
 (b) The Borrower shall indemnify the Administrative Agent and each Lender, and each Related Party
of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and 

  
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hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses, including the fees, charges and disbursements of any counsel for any Indemnitee,
incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement or any agreement or instrument contemplated hereby, the performance by the parties hereto of
their respective obligations hereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan or the use of the proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous
Materials on or from any property owned or operated by the Borrower, or any Environmental Liability related in any way to the Borrower, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the
foregoing, whether based on contract, tort or any other theory and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims,
damages, liabilities or related expenses resulted from the gross negligence or willful misconduct of such Indemnitee as determined by a court of law in a final non-appealable judgment, or the failure of the Indemnitee to make advances pursuant to
its Commitment in breach of its obligations hereunder. 
 (c) To the extent that the Borrower fails to pay any amount
required to be paid by it to the Administrative Agent under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent such Lender’s Applicable Percentage (determined as of the
time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by
or asserted against the Administrative Agent in its capacity as such. 
 (d) To the extent permitted by applicable law, the
Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a
result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or the use of the proceeds thereof. 

(e) All amounts due under this Section shall be payable not later than ten days after written demand therefor. 

SECTION 9.04 Successors and Assigns.  

(a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby, except that the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the
Borrower without such consent shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the
extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) (i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more assignees
all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld) of: 

(A) the Borrower, provided that no consent of the Borrower shall be required for an assignment to a Lender, an Affiliate
of a Lender, an Approved Fund or, if a Default has occurred and is continuing, any other assignee; and 
 (B) the
Administrative Agent. 
 Provided, no consent of the Borrower or Administrative Agent shall be required in connection with
any assignment to an entity acquiring, or merging with, a Lender. 

  
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 (ii) Assignments shall be subject to the following additional conditions: 

(A) except in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining amount
of the assigning Lender’s Commitment or Loans, the amount of the Commitment or Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered
to the Administrative Agent) shall not be less than $5,000,000.00 unless each of the Borrower and the Administrative Agent otherwise consent, provided that no such consent of the Borrower shall be required if a Default has occurred and is
continuing and such consent shall not be unreasonably withheld; 
 (B) each partial assignment shall be made as an assignment
of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement; 
 (C) the parties to
each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500.00; and 

(D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

For the purposes of this Section 9.04(b), the term “Approved Fund” has the following meaning: 

“Approved Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in
bank loans and similar extensions of credit in the ordinary course of its business and that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or
manages a Lender. 
 (iii) Subject to acceptance and recording thereof pursuant to paragraph (b)(iv) of this
Section, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of
a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.14, 2.15, 2.16
and 9.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a
participation in such rights and obligations in accordance with paragraph (c) of this Section. 
 (iv) The
Administrative Agent, acting for this purpose as an agent of the Borrower, shall maintain at one of its offices a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders,
and the Commitment of, and principal amount of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative
Agent and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for
inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice. 
 (v)
Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and
recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the
information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph. 

(c) Any Lender may, without the consent of the Borrower or the Administrative Agent, sell participations to one or more banks
or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitment and the Loans 

  
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owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties
hereto for the performance of such obligations, (iii) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under
this Agreement and (iv) Borrower’s obligations hereunder shall not be increased. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this
Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any
amendment, modification or waiver described in the first proviso to Section 9.02(b) that affects such Participant. Subject to paragraph (d) of this Section, the Borrower agrees that each Participant shall be entitled to the
benefits of Sections 2.14, 2.15 and 2.16 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.17(c) as though it were a Lender. Each Lender that sells a
participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s
interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided that, except in the case of a Participant asserting any right of set-off pursuant to Section 9.08., no Lender shall have any
obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under
any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The
entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(d) A Participant shall not be entitled to receive any greater payment under Section 2.14 or 2.16 than the
applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that
would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.16 unless the Lead Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the
Borrower, to comply with Section 2.16(e) as though it were a Lender. 
 (e) Any Lender may at any time pledge or
assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank, and this Section shall not apply to any
such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a
party hereto. 
 SECTION 9.05 Survival. All covenants, agreements, representations and warranties made by the Borrower herein and in
the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of this Agreement and the making
of any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at
the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid and so long
as the Commitments have not expired or terminated. The provisions of Sections 2.14, 2.15, 2.16 and 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the
transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Commitments or the termination of this Agreement or any provision hereof. 

  
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 SECTION 9.06 Counterparts; Integration; Effectiveness; Joint and Several.  

(a) This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which
shall constitute an original, but all of which when taken together shall constitute a single contract. 
 (b) This Agreement
and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral
or written, relating to the subject matter hereof. 
 (c) Except as provided in Section 4.01, this Agreement
shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and
thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page of this Agreement by telecopy shall be effective as delivery of a
manually executed counterpart of this Agreement. 
 (d) Each Person constituting the Borrower shall be bound jointly and
severally with one another to make, keep, observe and perform the representations, warranties, covenants, agreements, obligations and liabilities imposed by this Agreement and the other Loan Documents upon the “Borrower.”; nothing
contained herein shall be deemed to create any liability on any members or other owners of the Borrower, except as specifically provided in the Guaranty and the Environmental Indemnity. 

(e) Each Borrower agrees that it shall never be entitled to be subrogated to any of the Administrative Agent’s or any
Lender’s rights against any Credit Party or other Person or any collateral or offset rights held by the Administrative Agent or the Lenders for payment of the Loans until the full and final payment of the Loans and all other obligations
incurred under the Loan Documents and final termination of the Lenders’ obligations, if any, to make further advances under this Agreement or to provide any other financial accommodations to any Credit Party. The value of the consideration
received and to be received by each Borrower is reasonably worth at least as much as the liability and obligation of each Borrower incurred or arising under the Loan Documents. Each Borrower has determined that such liability and obligation may
reasonably be expected to substantially benefit each Borrower directly or indirectly. Each Borrower has had full and complete access to the underlying papers relating to the Loans and all of the Loan Documents, has reviewed them and is fully aware
of the meaning and effect of their contents. Each Borrower is fully informed of all circumstances which bear upon the risks of executing the Loan Documents and which a diligent inquiry would reveal. Each Borrower has adequate means to obtain from
each other Borrower on a continuing basis information concerning such other Borrower’s financial condition, and is not depending on the Administrative Agent or the Lenders to provide such information, now or in the future. Each Borrower agrees
that neither the Administrative Agent nor any of the Lenders shall have any obligation to advise or notify any Borrower or to provide any Borrower with any data or information regarding any other Borrower. 

SECTION 9.07 Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as
to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a
particular jurisdiction shall not invalidate such provision in any other jurisdiction. 
 SECTION 9.08 Right of Setoff. If an Event
of Default shall have occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits of a Borrower (general
or special, time or demand, provisional or final, but excluding any funds held by the Borrower on behalf of tenants or other third parties) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or
the account of a Borrower against any of and all the obligations of the Borrower now or hereafter existing under this Agreement held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and
although such obligations may be unmatured. Each Lender agrees promptly to notify the Lead Borrower after any such setoff and 

  
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application made by such Lender, provided that the failure to give such notice shall not affect the validity of such setoff and application. The rights of each Lender under this Section are in
addition to other rights and remedies (including other rights of setoff) which such Lender may have. 
 SECTION 9.09 Governing Law;
Jurisdiction; Consent to Service of Process.  
 (a) This Agreement shall be governed by, and construed in accordance
with, the laws of the State of New York. 
 (b) The Borrower hereby irrevocably and unconditionally submits, for itself and
its property, to the nonexclusive jurisdiction of the state and federal courts in Boston, Massachusetts and in New York, New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or
any other Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such
State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in
any other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against the
Borrower or its properties in the courts of any jurisdiction. 
 Notwithstanding the foregoing choice of law: 

(i) matters relating to the creation, perfection, priority and enforcement of the liens on and security interests in a
Mortgaged Property or other assets situated in another jurisdiction(s), including by way of illustration, but not in limitation, actions for foreclosure, for injunctive relief, or for the appointment of a receiver, shall be governed by the laws of
such state; 
 (ii) Administrative Agent shall comply with applicable law in such state to the extent required by the law of
such jurisdiction(s) in connection with the foreclosure of the security interests and liens created under the Deed of Trust or exercising any rights with respect to the Property directly, and the other Loan Documents with respect to the Property or
other assets situated in another jurisdiction; and 
 (iii) provisions of Federal law and the law of such other
jurisdiction(s) shall apply in defining the terms Hazardous Materials, Environmental Laws and Legal Requirements applicable to the Property as such terms are used in this Loan Agreement, the Environmental Indemnity and the other Loan Documents 

(c) The Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any
objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in paragraph (b) of this Section. Each of the
parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(d) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in
Section 9.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 9.10 WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY
HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY).
EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND

  
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(B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION. 

SECTION 9.11 Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are
not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement. 

SECTION 9.12 Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the
Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors (it being understood that the
Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority, (c) to the extent
required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to
this Agreement or the enforcement of rights hereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to any assignee of or Participant in, or any prospective assignee of or Participant in,
any of its rights or obligations under this Agreement, (g) with the consent of the Borrower or (h) to the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes
available to the Administrative Agent or any Lender on a nonconfidential basis from a source other than the Borrower. For the purposes of this Section, “Information” means all information received from any Credit Party relating to the
Credit Party or its business, other than any such information that is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by any Credit Party; provided that, in the case of information received from any
Credit Party after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied
with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

SECTION 9.13 Interest Rate Limitation. If at any time there exists a maximum rate of interest which may be contracted for, charged,
taken, received or reserved by the Lenders in accordance with applicable law (the “Maximum Rate”), then notwithstanding anything herein to the contrary, at any time the interest applicable to any Loan, together with all fees, charges and
other amounts which are treated as interest on such Loan under applicable law (collectively, the “Charges”), shall exceed such Maximum Rate, the rate of interest payable in respect of such Loan hereunder, together with all Charges
payable in respect thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been paid in respect of such Loan but were not payable as result of the operation of this Section shall be cumulated
and the interest and Charges payable to the Lenders in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to
the date of repayment, shall have been received by the Lenders. If, for any reason whatsoever, the Charges paid or received on the Loans produces a rate which exceeds the Maximum Rate, the Lenders shall credit against the principal of the Loans (or,
if such indebtedness shall have been paid in full, shall refund to the payor of such Charges) such portion of said Charges as shall be necessary to cause the interest paid on the Loans to produce a rate equal to the Maximum Rate. All sums paid or
agreed to be paid to the holders of the Loans for the use, forbearance or detention of the Loans shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread in equal parts throughout the full term of this
Agreement, so that the interest rate is uniform throughout the full term of this Agreement. The provisions of this Section shall control all agreements, whether now or hereafter existing and whether written or oral, between the parties hereto.
Without notice to the Borrower or any other person or entity, the Maximum Rate, if any, shall automatically fluctuate upward and downward as and in the amount by which such maximum nonusurious rate of interest permitted by applicable law fluctuates.

 SECTION 9.14 USA PATRIOT Act. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act
(Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies the Borrower, which information includes the name and address of the Borrower
and other information that will allow such Lender to identify the Borrower in accordance with the Act. 

  
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 SECTION 9.15 Starwood Preferred Equity. The Lenders hereby acknowledge the execution by
the Parent and the OP of the various Starwood Documents and acknowledge that the execution of the Starwood Documents, the issuance of the Preferred Units (as defined in the Starwood Documents) and the Series A Preferred Shares (as defined in the
Starwood Documents) and the acceptance of the preferred equity investment in the OP evidenced by the Starwood Documents does not violate any term or condition of this Agreement or constitute an Event of Default hereunder. The foregoing consent shall
not be deemed to (a) waive all future compliance and/or performance by each Borrower and the Guarantor of all and singular the terms and conditions of the Credit Agreement and each other Loan Document including any Change in Control as a result
of a breach of clause (d) of the definition thereof, or (b) waive or limit in any way any of the powers, rights and remedies of the Administrative Agent and the Lenders under the Loan Documents as a result of any Default or Event of
Default occurring on or after the date hereof. 
 SECTION 9.16 NONRECOURSE AS TO MEMBERS. Notwithstanding anything contained in this
Credit Agreement or any other Loan Documents, and except as provided specifically in the Guaranty and the Environmental Indemnity as applicable to the Guarantor in each instance, or in any separate written document hereafter executed by any such
Person, it is expressly understood that Administrative Agent and the Lenders, for themselves and their successors and assigns, waives any recourse to or right to pursue any money judgment on account hereof, whether by any action brought upon the
Note or the other Loan Documents, or any action brought for a deficiency judgment, against any direct or indirect member or manager of any Borrower (collectively, such members or manager are sometimes referred to herein as the “Exculpated
Parties”), with such recourse to the Exculpated Parties being expressly waived. 
 [Signature Pages Follow] 

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

									
	THE GC NET LEASE (ATLANTA WINDY RIDGE) INVESTORS, LLC,
	THE GC NET LEASE (ATLANTA WILDWOOD I) INVESTORS, LLC,
	THE GC NET LEASE (ATLANTA WILDWOOD II) INVESTORS, LLC,
	THE GC NET LEASE (MASON SIMPSON) INVESTORS, LLC,
	THE GC NET LEASE (MASON DUKE) INVESTORS, LLC,
	THE GC NET LEASE (WESTERVILLE) INVESTORS, LLC,
	THE GC NET LEASE (DUBLIN) INVESTORS, LLC,
	THE GC NET LEASE (ARLINGTON CENTREWAY) INVESTORS, LLC,
	THE GC NET LEASE (IRVING) INVESTORS, LLC,
	THE GC NET LEASE (ALLEN PARK) INVESTORS, LLC,
	THE GC NET LEASE (EAST HANOVER) INVESTORS, LLC,
	THE GC NET LEASE (INDIANAPOLIS) INVESTORS, LLC,
	THE GC NET LEASE (MILWAUKEE) INVESTORS, LLC.
	THE GC NET LEASE (NASHVILLE CENTURY) INVESTORS, LLC.
	THE GC NET LEASE (WAYNE) INVESTORS, LLC,
	THE GC NET LEASE (LYNNWOOD I ) INVESTORS, LLC,
	THE GC NET LEASE (LYNNWOOD II ) INVESTORS, LLC, and
	THE GC NET LEASE (MARYLAND HEIGHTS) INVESTORS, LLC, each a Delaware limited liability company
		
	By:	 	Griffin Capital Essential Asset Operating Partnership, L.P., its Sole Member
			
		 	By:	 	Griffin Capital Essential Asset REIT, Inc., its General Partner
				
		 		 	By:	 	 /s/ Joseph E. Miller

		 		 		 	Name:	 	Joseph E. Miller
		 		 		 	Title:	 	Chief Financial Officer

  
 [Signature Page to
Credit Agreement] 

 The Guarantor joins in the execution of this Agreement to evidence its agreement to the
provisions of Sections 5.01, 5.16, 6.05 and 6.07 of this Agreement. 
  

			
	GRIFFIN CAPITAL ESSENTIAL ASSET REIT, INC., a Maryland corporation
		
	By:	 	 /s/ Joseph E. Miller

	Name:	 	Joseph E. Miller
	Title:	 	Chief Financial Officer

  
 [Signature Page to
Credit Agreement] 

 
			
	KEYBANK, NATIONAL ASSOCIATION,
	individually and as Administrative Agent,
		
	By:	 	 /s/ Christopher T. Neil

		 	Christopher T. Neil
		 	Vice President

  
 [Signature Page to
Credit Agreement] 

 SCHEDULE 5.12 

POOL 
  

			
	2500 Windy Ridge Parkway, Atlanta, GA	  	THE GC NET LEASE (ATLANTA WINDY RIDGE) INVESTORS, LLC
		
	4100 & 4300 Wildwood Parkway, Atlanta, GA	  	THE GC NET LEASE (ATLANTA WILDWOOD I) INVESTORS, LLC
		
	4200 Wildwood Parkway, Atlanta, GA	  	THE GC NET LEASE (ATLANTA WILDWOOD II) INVESTORS, LLC
		
	Governor’s Pointe, 4241 Irwin Simpson Road, Mason, OH	  	THE GC NET LEASE (MASON SIMPSON) INVESTORS, LLC
		
	Governor’s Pointe, 8990 Duke Boulevard, Mason, OH	  	THE GC NET LEASE (MASON DUKE) INVESTORS, LLC
		
	Chase Center, 800 Brooksedge Boulevard, Westerville, OH	  	THE GC NET LEASE (WESTERVILLE) INVESTORS, LLC
		
	Sterling Commerce Center, 4600, 4675 & 4725 Lakehurst Court and 6060 Britton Parkway (a/k/a 6060 Emerald Parkway), Dublin, OH	  	THE GC NET LEASE (DUBLIN) INVESTORS, LLC
		
	4300 Centreway Place, Arlington, TX	  	THE GC NET LEASE (ARLINGTON CENTREWAY) INVESTORS, LLC
		
	One MacArthur Ridge, 919 Hidden Ridge, Irving, TX	  	THE GC NET LEASE (IRVING) INVESTORS, LLC
		
	333 & 777 Republic Drive, Allen Park, MI	  	THE GC NET LEASE (ALLEN PARK) INVESTORS, LLC
		
	Eagle Rock Executive Office Center IV, 120 Eagle Rock Avenue, East Hanover, NJ	  	THE GC NET LEASE (EAST HANOVER) INVESTORS, LLC
		
	College Park Plaza, 8909 Purdue Road, Indianapolis, IN	  	THE GC NET LEASE (INDIANAPOLIS) INVESTORS, LLC
		
	Wells Fargo Building, 11200 West Parkland Avenue, Milwaukee, WI	  	THE GC NET LEASE (MILWAUKEE) INVESTORS, LLC
		
	One Century Place, 26 Century Boulevard, Nashville, TN	  	THE GC NET LEASE (NASHVILLE CENTURY) INVESTORS, LLC
		
	1200 Morris Drive, Wayne, PA	  	THE GC NET LEASE (WAYNE) INVESTORS, LLC
		
	Northpointe Corporate Centre, 15815 25th Ave W., Lynnwood, WA	  	THE GC NET LEASE (LYNNWOOD I ) INVESTORS, LLC
		
	Northpointe Corporate Centre, 16201 25th Ave W., Lynnwood, WA	  	THE GC NET LEASE (LYNNWOOD II ) INVESTORS, LLC
		
	United Healthcare Building, 13655 Riverport Drive, Maryland Heights, MO	  	THE GC NET LEASE (MARYLAND HEIGHTS) INVESTORS, LLC

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