Document:

EXECUTION COPY

 

AUGMENTING LENDER AND INCREASING LENDER
SUPPLEMENT AND INCREMENTAL AMENDMENT

 

THIS AUGMENTING LENDER
AND INCREASING LENDER SUPPLEMENT AND INCREMENTAL AMENDMENT, dated as of March 28, 2013 (this “Supplement”),
to the Credit Agreement, dated as of February 14, 2013 (as amended, restated, supplemented or otherwise modified from time to time,
the “Credit Agreement”), among ARC Properties Operating Partnership, L.P. (as successor to American Realty Capital
Operating Partnership III, L.P., the “Borrower”), Tiger Acquisition, LLC (as successor to American Realty Capital
Trust III, Inc.), American Realty Capital Properties, Inc., the Lenders party thereto and Wells Fargo Bank, National Association,
as administrative agent (in such capacity, the “Administrative Agent”).

 

W I T N E S S E T H

 

WHEREAS, the Credit Agreement
provides in Section 2.15 thereof that any bank, financial institution or other entity may extend Revolving Commitments and
participate in tranches of Incremental Term Loans under the Credit Agreement subject to the approval of the Borrower, the Issuing
Bank, the Swingline Lender and the Administrative Agent, by executing and delivering to the Borrower and the Administrative Agent
documentation acceptable to the Administrative Agent; and

 

WHEREAS, the undersigned
Increasing Lenders are currently party to the Credit Agreement and now desire to increase their respective Revolving Commitments
and extend Incremental Term Loans;

 

WHEREAS, the undersigned
Augmenting Lender has committed to provide a Revolving Commitment of $100,000,000 on the date hereof, subject to the terms and
conditions of this Supplement;

 

WHEREAS, to implement
the increase in the Revolving Commitments and the Incremental Term Loans pursuant to this Supplement, the parties hereto hereby
agree to amend the Credit Agreement in accordance with Section 2.15 of the Credit Agreement;

 

NOW, THEREFORE, each
of the parties hereto hereby agrees as follows:

 

1.Increasing Lenders.
As of the effective date of this Supplement pursuant to Section 4 below, each undersigned Increasing Lender agrees to increase
its Revolving Commitment and extend a commitment with respect to Incremental Term Loans, in each case, in such amounts as set forth
on Exhibit B hereto (each Increasing Lender extending a commitment for Incremental Term Loans, a “March 2013 Incremental
Term Loan Lender”, such commitments to extend Incremental Term Loans, the “March 2013 Incremental Term Loan
Commitments” and such Incremental Term Loans, the “March 2013 Incremental Term Loans”). Unless otherwise
specified in this Supplement, for all purposes of the Credit Agreement (as amended hereby), the March 2013 Incremental Term Loans,
the March 2013 Incremental Term Loan Lenders and the March 2013 Incremental Term Loan Commitments shall be deemed to constitute
“Term Loans,” “Term Loan Lenders” and “Term Loan Commitments,” respectively.

 

2.Augmenting Lender.

 

a.The
undersigned Augmenting Lender agrees to be bound by the provisions of the Credit Agreement and agrees that it shall, on the effective
date of this Supplement pursuant to Section 4 below, become a Lender for all purposes of the Credit Agreement to the same extent
as if originally a party thereto, with a Revolving Commitment of $100,000,000.

 

    	 

    	 

    

 

 

b.The undersigned
Augmenting Lender (a) represents and warrants that it is legally authorized to enter into this Supplement; (b) confirms
that it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant
to Section 5.01 thereof, as applicable, and has reviewed such other documents and information as it has deemed appropriate
to make its own credit analysis and decision to enter into this Supplement; (c) agrees 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 deem appropriate
at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement or any other instrument
or document furnished pursuant hereto or thereto; (d) appoints and authorizes the Administrative Agent to take such action
as agent on its behalf and to exercise such powers and discretion under the Credit Agreement or any other instrument or document
furnished pursuant hereto or thereto as are delegated to the Administrative Agent by the terms thereof, together with such powers
as are incidental thereto; and (e) agrees that it will be bound by the provisions of the Credit Agreement and will perform
in accordance with its terms all the obligations which by the terms of the Credit Agreement are required to be performed by it
as a Lender.

 

3.Amendments to
Credit Agreement. As of the date hereof, the Credit Agreement is amended as follows:

 

a.The definition
of “Applicable Term Loan Percentage” set forth in Section 1.01 of the Credit Agreement is hereby amended and restated
in its entirety as follows:

 

“Applicable
Term Loan Percentage” means, as to each Term Loan Lender, the ratio, expressed as a percentage of (a) at any time any
Availability Period shall be in effect, (i) (x) the amount of such Lender’s Term Loan Commitment plus (y) the amount of such
Lender’s outstanding Term Loans to (ii) (x) the aggregate amount of the Term Loan Commitments of all Term Loan Lenders plus
(y) aggregate amount of all outstanding Term Loans and (b) at any time no Availability Period shall be in effect, (i) the amount
of such Lender’s outstanding Term Loans to (ii) the aggregate amount of all outstanding Term Loans.

 

b.The definition
of “Availability Period” set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety
as follows:

 

“Availability
Period” means, (a) with respect to Term Loans other than March 2013 Incremental Term Loans, the period from and including
the Effective Date to the earlier of (i) the date of termination of the Term Loan Commitments other than March 2013 Incremental
Term Loan Commitments pursuant to Section 2.06(b), and (ii) the date of termination of the commitment of each Lender to make Loans
pursuant to Section 9.02 (the “Initial Availability Period”) and (b) with respect to March 2013 Incremental
Term Loans, the period from and including the Initial Term Loan Commitment Expiration Date to the earlier of (i) the date of termination
of the March 2013 Incremental Term Loan Commitments pursuant to Section 2.06(b), and (ii) the date of termination of the commitment
of each Lender to make Loans pursuant to Section 9.02 (the “March 2013 Availability Period”).

 

c.The definition
of “Term Loan Commitment” set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety
as follows:

 

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“Term
Loan Commitment” means, as to each Term Loan Lender, such Lender’s obligation to make Term Loans during the applicable
Availability Period pursuant to Section 2.01(b), in an amount up to, but not exceeding, the amount set forth for such Lender on
Schedule 2.01 as such Lender’s “Initial Term Loan Commitment Amount” or “March 2013 Term Loan Commitment
Amount”, as applicable, as such Schedule 2.01 may be modified from time to time in accordance with the terms hereof.

 

d.Section
1.01 of the Credit Agreement is hereby amended by inserting in appropriate alphabetical order the following new definition:

 

“Applicable
Initial Term Loan Percentage” means, as to each Term Loan Lender during the Initial Availability Period, the ratio, expressed
as a percentage of (a) (i) the amount of such Lender’s Initial Term Loan Commitment plus (ii) the amount of such Lender’s
outstanding Initial Term Loans to (b) (i) the aggregate amount of the Initial Term Loan Commitments of all Term Loan Lenders plus
(ii) aggregate amount of all outstanding Initial Term Loans.

 

“Applicable
March 2013 Incremental Term Loan Percentage” means, as to each Term Loan Lender during the March 2013 Availability
Period, the ratio, expressed as a percentage of (a) (i) the amount of such Term Loan Lender’s March 2013 Incremental Term
Loan Commitment plus (ii) the amount of such Lender’s outstanding March 2013 Incremental Term Loans to (b) (i) the aggregate
amount of the March 2013 Incremental Term Loan Commitments of all Term Loan Lenders plus (ii) aggregate amount of all outstanding
March 2013 Incremental Term Loans.

 

“Initial
Term Loan Commitments” means the Term Loan Commitments other than (a) the March 2013 Incremental Term Loan Commitments
and (b) any other commitments for Incremental Term Loans initially made after February 28, 2013.

 

“Initial
Term Loan Commitment Expiration Date” means the date occurring on the earlier of (a) the date on which the Initial Term
Loan Commitments are reduced to zero in accordance with the first sentence of Section 2.06(b) and (b) the six (6) month anniversary
of the Effective Date.

 

“Initial
Term Loans” means the Term Loans other than (a) the March 2013 Incremental Term Loans and (b) any other Incremental Term
Loans made pursuant to commitments which were initially made after February 28, 2013.

 

“March
2013 Incremental Term Loan Effective Date” means March 28, 2013.

 

e.Section
2.01(b) of the Credit Agreement is hereby deleted in its entirety and replaced with the following:

 

(b)Term
Loans. Subject to the terms and conditions set forth herein, including without limitation, Section 2.14, each Term Loan Lender
severally and not jointly agrees to make Term Loans to Borrower from time to time, on any Business Day during the applicable Availability
Period (each such date, a “Term Loan Borrowing Date”) in an aggregate amount not to exceed such Term Loan Lender’s
applicable Term Loan Commitment; provided that Borrower shall not be permitted to request (x) a Borrowing of Term Loans on more
than three (3) occasions during the Initial Availability 

 

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Period and (y) a Borrowing of March 2013 Incremental Term Loans on more
than three (3) occasions during the March 2013 Availability Period. The Borrowings of Term Loans may be ratable Floating Rate Borrowings
or ratable Fixed Rate Borrowings. Amounts repaid or prepaid in respect of the Term Loans may not be reborrowed.

 

f.Section
2.02(b) of the Credit Agreement is hereby amended by deleting the first sentence thereof in its entirety and replacing it with
the following:

 

(b)Following
receipt of a Loan Notice, Administrative Agent shall promptly notify each Lender of the amount of its Applicable Revolving Percentage,
Applicable Initial Term Loan Percentage or Applicable March 2013 Incremental Term Loan Percentage, as applicable, of the applicable
Loans, and if no timely notice of a conversion or continuation is provided by Borrower, Administrative Agent shall notify each
Lender of the details of any automatic continuation described in the preceding subsection.

 

g.Section
2.06(b) of the Credit Agreement is hereby deleted in its entirety and replaced with the following:

 

(b)Term
Loan Commitments. The applicable Term Loan Commitment of each Term Loan Lender shall be immediately and permanently reduced
on each Term Loan Borrowing Date upon such Term Loan Lender making a Term Loan to Borrower on such Term Loan Borrowing Date in
an amount corresponding to such Term Loan Lender’s Applicable Initial Term Loan Percentage or Applicable March 2013 Incremental
Term Loan Percentage, as applicable, of the aggregate principal amount of the Term Loans made by the applicable Term Loan Lenders
to Borrower on such Term Loan Borrowing Date. The aggregate remaining Term Loan Commitments other than the March 2013 Incremental
Term Loan Commitments shall terminate at 5:00 p.m. on the six (6) month anniversary of the Effective Date. The aggregate remaining
March 2013 Incremental Term Loan Commitments shall terminate at 5:00 p.m. on the six (6) month anniversary of the March 2013 Incremental
Term Loan Effective Date.

 

h.Section
2.09(c) of the Credit Agreement is hereby deleted in its entirety and replaced with the following:

 

(c)Term
Loan Facility Fees. During the period (i) with respect to the Term Loan Commitments other than the March 2013 Incremental Term
Loan Commitments, from the Effective Date and until the termination of the Initial Availability Period and (ii) with respect to
the March 2013 Incremental Term Loan Commitments, from the March 2013 Incremental Term Loan Effective Date and until the termination
of the March 2013 Availability Period, Borrower agrees to pay to Administrative Agent for the account of the applicable Term Loan
Lenders an unused term loan facility fee equal to (x) the amount by which the aggregate amount of the applicable Term Loan Commitments
exceeds the average daily amount of the aggregate outstanding principal balance of applicable Term Loans multiplied by (y) a rate
per annum equal to 0.25%. Such fee shall be computed on a daily basis and payable monthly in arrears on the last Business Day of
each calendar month ending after the Effective Date during the term of the applicable Availability Period and on the last day of
the applicable Availability Period (or, if earlier, on the date the applicable Term Loan Commitments shall have been reduced to
zero in accordance with Section 2.06(b) or otherwise terminated).

 

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i.Schedule
2.01 to the Credit Agreement is hereby deleted in its entirety and replaced with Schedule 2.01 attached hereto as Exhibit B.

 

4.This Supplement
shall become effective upon (a) the satisfaction of the conditions precedent specified in Section 2.15 of the Credit Agreement,
which shall occur no later than March 28, 2013 (the “Termination Date”) and (b) receipt on or prior to the Termination
Date by the undersigned Augmenting Lender and each undersigned Increasing Lender of such fees as are due and owing to such Augmenting
Lender or Increasing Lender in connection with the increase of commitments pursuant to this Supplement.

 

5.The Borrower hereby
elects to increase the Revolving Commitments and enter into one or more
tranches of Incremental Term Loans and has delivered to the Administrative Agent a certificate signed by a Responsible Officer
of the Borrower pursuant to Section 2.15 of the Credit Agreement, substantially in the form attached hereto as Exhibit A.

 

6.This Supplement
shall constitute a Loan Document.

 

7.Capitalized terms
defined in the Credit Agreement shall have their defined meanings when used herein.

 

8.This Supplement
shall be governed by, and construed in accordance with, the laws of the State of New York.

 

9.This Supplement
may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall constitute one and the same document.

 

[remainder of this page intentionally left
blank]

 

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IN WITNESS WHEREOF, each
of the undersigned has caused this Supplement to be executed and delivered by a duly authorized officer on the date first above
written.

 

BARCLAYS BANK PLC,

as Augmenting Lender

 

By: /s/ Craig Malloy                         

Name: Craig Malloy

Title: Director

 

 

 

 

 

 

Signature
Page to

Augmenting
Lender and Increasing Lender Supplement and Incremental Amendment

    	 

    	 

    

 

BANK OF AMERICA, N.A.,

as Increasing Lender

By: /s/ Michael W. Edwards           

Name: Michael W. Edwards

Title: Senior Vice President

 

 

 

 

 

 

 

 

Signature
Page to

Augmenting
Lender and Increasing Lender Supplement and Incremental Amendment

    	 

    	 

    

 

 

WELLS
FARGO BANK, NATIONAL

ASSOCIATION,
as Increasing Lender

By: /s/ D. Bryan Gregory                   

Name: D. Bryan Gregory

Title: Director

 

 

Signature
Page to

Augmenting
Lender and Increasing Lender Supplement and Incremental Amendment

    	 

    	 

    

 

Accepted
and agreed to as of the date first written above:

ARC PROPERTIES OPERATING PARTNERSHIP, L.P.

By: /s/ Jesse C. Galloway             

Name: Jesse C. Galloway

Title: Authorized Signatory

 

 

 

 

 

 

 

 

Signature
Page to

Augmenting
Lender and Increasing Lender Supplement and Incremental Amendment

    	 

    	 

    

Accepted and agreed to as of the date first written above:

 

WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent, Issuing Bank and Swingline Lender

By: /s/ D. Bryan Gregory                          

Name: D. Bryan Gregory

Title: Director

 

 

 

 

Signature
Page to

Augmenting
Lender and Increasing Lender Supplement and Incremental Amendment

    	 

    	 

    

 

EXHIBIT A

 

OFFICER’S CERTIFICATE

 

March 28, 2013

 

 

The undersigned, Brian
Block of ARC Properties Operating Partnership, L.P., a Delaware limited partnership (“ARCPOP”), in connection
with (i) that certain Credit Agreement dated as of February 14th, 2013 (as amended, restated, replaced, supplemented
or otherwise modified from time to time, the “Credit Agreement”) by and among ARCPOP (as successor to
American Realty Capital Operating Partnership III, L.P., the “Borrower”), Tiger Acquisition, LLC (as
successor to American Realty Capital Trust III, Inc.), American Realty Capital Properties, Inc., Wells Fargo Bank, National Association
(“Wells Fargo”), as Administrative Agent (the “Administrative Agent”) and the
Lenders from time to time party thereto, and (ii) that certain Augmenting Lender and Increasing Lender Supplement and Incremental
Amendment, dated as of March 28, 2013 to the Credit Agreement (the “Supplement”), among the Borrower,
certain Augmenting Lenders, certain Increasing Lenders and Wells Fargo, as administrative agent, Issuing Bank and Swingline Lender,
hereby certifies as follows (terms used herein and not defined herein shall have the meanings assigned to such terms in the Credit
Agreement or, if not defined therein, in the Supplement):

 

1.No consents,
licenses or approvals are required in connection with the execution and delivery of the Supplement or performance of the Loan Documents
(including the Supplement).

 

2.The
conditions specified in Sections 5.02(a) and (b) of the Credit
Agreement have been satisfied.

 

3.After giving
effect to the increase in the Revolving Commitments, the Incremental Term Loan Commitment and the Incremental Term Loans to be
made on the date hereof, the sum of (a) Total Outstandings plus (b) Total Bridge Facility Outstandings will not exceed the Borrowing
Base.

 

4.ARCPOP is in
pro forma compliance with the covenants set forth in Section 8.14 of the Credit Agreement after giving effect to the Loans to be
made on the date hereof and the application of the proceeds therefrom as if made and applied on the date hereof, as evidenced by
the calculations in Schedule 1 attached hereto.

 

 

 

ARC PROPERTIES OPERATING PARTNERSHIP, L.P.

By:_________________________________

      Brian Block

      Chief Financial Officer

 

    	 

    	 

    

 

 

Schedule 1

 

Calculations showing Pro-Forma Compliance

 

 

 

 

    	 

    	 

    

 

 

EXHIBIT B

 

SCHEDULE 2.01

 

COMMITMENTS

 

 

 

	Lender	Revolving Loan 

Commitment	Initial Term Loan 

Commitment	March 2013 

Incremental Term 

Loan Commitment
	Wells Fargo Bank	$120,000,000	$75,000,000	$105,000,000
	Bank of America, N.A.	$120,000,000	$75,000,000	$105,000,000
	Regions Bank	$48,000,000	$72,000,000	       $0
	RBS Citizens, N.A.	$40,000,000	$60,000,000	       $0
	JPMorgan Chase Bank, N.A.	$48,000,000	$72,000,000	       $0
	Capital One, N.A.	$40,000,000	$60,000,000	       $0
	Barclays Bank PLC	$100,000,000	$0	       $0
	TD Bank, N.A.	$30,000,000	$45,000,000	       $0
	U.S. Bank National Association	$30,000,000	$45,000,000	       $0
	Union Bank, National Association	$30,000,000	$45,000,000	       $0
	UBS AG, Stamford Branch	$16,000,000	$24,000,000	       $0
	Comerica Bank	$12,000,000	$18,000,000	       $0
	First Tennessee Bank National Association	$6,000,000	$9,000,000	       $0
	Total	$640,000,000	$600,000,000	$210,000,000EXECUTION COPY

 

THIRD AMENDMENT TO

CREDIT AGREEMENT

 

THIS THIRD AMENDMENT
TO CREDIT AGREEMENT (this “Third Amendment”) is made and entered into as of this 28th day
of May, 2013 by and among ARC Properties Operating Partnership, L.P. (as successor
to American Realty Capital Operating Partnership III, L.P.), a Delaware limited
partnership (“Borrower”), TIGER ACQUISITION, LLC (as successor to American Realty Capital Trust III, Inc.),
a Delaware limited liability company (“Tiger”), AMERICAN REALTY CAPITAL PROPERTIES, INC., a Maryland corporation
(“ARCP”), the Lenders party hereto, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent for
the benefit of the Lenders (in such capacity, the “Administrative Agent”), as Issuing Bank and as Swingline
Lender.

 

WITNESSETH:

 

WHEREAS, Borrower,
Tiger, ARCP, the Administrative Agent and the Lenders are parties to a certain Credit Agreement dated as of February 14, 2013 (as
amended by a First Amendment dated as of March 18, 2013 and an Augmenting Lender and Increasing Lender Supplement and Incremental
Amendment dated as of March 28, 2013, together with any other modifications and amendments, collectively, the “Credit
Agreement”);

 

WHEREAS, Borrower has
requested that the Administrative Agent and the Lenders amend certain terms and conditions of the Credit Agreement as described
herein; and

 

WHEREAS, the Administrative
Agent and the Lenders party to this Third Amendment have agreed to so amend certain terms and conditions of the Credit Agreement,
all on the terms and conditions set forth below in this Third Amendment.

 

NOW, THEREFORE, for
good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties hereto hereby agree as follows:

 

		1.	Definitions. All capitalized undefined terms used in this Third Amendment shall have the
meanings ascribed thereto in the Credit Agreement, as amended hereby.

 

		2.	Amendments to Credit Agreement. As of the date hereof, the Credit Agreement is amended as
follows:

 

		a.	Section 1.01 of the Credit Agreement is hereby amended by inserting in appropriate alphabetical order the following
new definition:

 

“Fundamental Change”
has the meaning specified in Section 8.03.

 

		b.	Section 8.02 of the Credit Agreement is hereby amended by (i) deleting the “and” now appearing at the end
of clause (j) thereof and (ii) inserting the following new clauses (l) and (m) immediately after clause
(k) thereof:

 

		(l)	any Fundamental Change to the extent permitted under
Section 8.03; and

 

    	 

    	 

    

 

(m) Investments in the ordinary course
of business constituting (i) all of the Equity Interests of any Person the assets of which (other than immaterial assets) constitute
real property assets and which Investments do not constitute or include the assumption of Indebtedness of such Person or a Guarantee
of Indebtedness of such Person (in each case other than Non-Recourse Indebtedness) or (ii) all of the Equity Interests in any other
Person the assets of which (other than immaterial assets) constitute real property assets so long as (A) immediately prior thereto,
and immediately thereafter and after giving effect thereto, no Default or Event of Default has occurred or would result therefrom
and (B) prior to consummating such Investment, Borrower shall have delivered to the Administrative Agent for distribution to each
of the Lenders a Compliance Certificate, calculated on a pro forma basis based on information then available to the Borrower, evidencing
the continued compliance by the Loan Parties with the terms and conditions of this Agreement and the other Loan Documents, including
without limitation, the financial covenants contained in Section 8.14, after giving effect to such Investment;

 

		c.	Section 8.03 of the Credit Agreement is hereby amended and restated in its entirety as follows:

 

8.03       Fundamental Changes.
Each of Parent and Borrower shall not, nor shall it permit any other Loan Party to, directly or indirectly, merge, dissolve, liquidate,
consolidate with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or substantially
all of its assets (whether now owned or hereafter acquired) to or in favor of any Person (any such transaction, a “Fundamental
Change”), except that, so long as no Event of Default has occurred and is continuing or would result therefrom:

 

(a)     any Loan Party (other than
Parent or Borrower) may merge with (i) Parent or Borrower, provided that Parent or Borrower, as applicable, shall be the continuing
or surviving Person, or (ii) any other Loan Party, or (iii) any other Person provided that, if it owns a Borrowing Base Property
and is not the surviving entity, then Borrower has complied with Section 4.09 to remove such Borrowing Base Property from the Borrowing
Base;

 

(b)     any Loan Party (other than
Parent or Borrower) may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise) to another
Loan Party;

 

(c)     any Loan Party may Dispose
of a Property owned by such Loan Party in the ordinary course of business and for fair value; provided that if such Property is
a Borrowing Base Property, then Borrower shall have complied with Section 4.09;

 

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(d)     Parent or Borrower may,
directly or indirectly, merge or consolidate with any other Person so long as (i) Parent or Borrower shall be the survivor thereof;
(ii) Borrower shall have given the Administrative Agent and the Lenders at least 30 days’ prior written notice of such consolidation
or merger; (iii) immediately prior thereto, and immediately thereafter and after giving effect thereto, no Default or Event of
Default has occurred or would result therefrom; (iv) at the time Borrower gives notice pursuant to clause (ii) of this subsection,
Borrower shall have delivered to the Administrative Agent for distribution to each of the Lenders a Compliance Certificate, calculated
on a pro forma basis based on information then available to the Borrower, evidencing the continued compliance by the Loan Parties
with the terms and conditions of this Agreement and the other Loan Documents, including without limitation, the financial covenants
contained in Section 8.14, after giving effect to such consolidation or merger and (v) Borrower obtains the prior written
consent in writing of the Required Lenders in their sole discretion (which consent was granted by the Required Lenders pursuant
to the terms of the Third Amendment to this Agreement dated May 28, 2013); and

 

(e)     Parent and Borrower may
consummate the Permitted Merger Transaction.

 

Nothing in this Section shall be deemed
to prohibit the sale or leasing of Property or portions of Property in the ordinary course of business.

 

		d.	Section 8.05 of the Credit Agreement is hereby amended by (i) deleting the “and” now appearing at the end
of clause (h) thereof, (ii) deleting the period (“.”) now appearing at the end of clause (i) thereof
and substituting the following therefor: “; and”; and (iii) inserting the following new clause (j) immediately
after clause (i) thereof:

 

(j)           Parent, Borrower or any Loan
Party may declare and make any Restricted Payment of non-core assets (or the Equity Interest of any Subsidiary the sole assets
of which are non-core assets) acquired in a Fundamental Change; provided that (i) such Restricted Payment shall be made within
360 days of such Fundamental Change, (ii) immediately prior thereto, and immediately thereafter and after giving effect thereto,
no Default or Event of Default has occurred or would result therefrom and (iii) Borrower and Parent will remain in pro forma compliance
with the covenants set forth in Section 8.14 after giving effect to such Restricted Payment.

 

		e.	Section 8.06 of the Credit Agreement is hereby amended to add “(other than Sections 8.02(l) and (m))”
immediately after “Except for Investments permitted under Section 8.02” contained therein.

 

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		3.	Required Lender Consent and Waiver. Each of the Lenders party hereto hereby consents to
any Fundamental Change that shall have satisfied the requirements of clauses (i) through (iv) of Section 8.03(d)
of the Credit Agreement as amended by this Third Amendment and, solely in connection with that certain acquisition by Parent, Borrower
and its Subsidiaries of an entity identified to the Lenders under the code name “Cowboy” and/or its affiliates (the
“Company”) pursuant to that certain Agreement and Plan of Merger to be entered into on or about the date hereof,
by and among Parent, Borrower, a subsidiary of the Parent established for the purposes of the Cowboy Acquisition, the Company and
certain subsidiaries of the Company (the “Cowboy Acquisition”), the Required Lenders hereby solely waive the
requirements of Section 8.03(d)(ii) and (iv) in respect of the Cowboy Acquisition; provided, with respect to the
waiver of Section 8.03(d)(iv), that Borrower deliver the Compliance Certificate referred to therein on or prior to the date
the Cowboy Acquisition is consummated.

 

		4.	Conditions to Effectiveness. This Third Amendment shall not be effective until the
                                                                              Administrative Agent shall have received counterparts of this Third Amendment duly executed and delivered by the Borrower and
                                                                              the other Loan Parties, the Administrative Agent, the Issuing Bank, the Swingline Lender and the Required Lenders.

 

		5.	Representations and Warranties. The representations and warranties of Borrower and each
other Loan Party, contained in Article VI of the Credit Agreement or any other Loan Document are true and correct in all
material respects (except to the extent that any such representation and warranty is qualified as to “materiality,”
“Material Adverse Effect” or similar language, in which case it shall be true and correct in all respects (after giving
effect to any such qualification)) on and as of the date hereof; provided, if any such representations and warranties specifically
refer to an earlier date, they shall be true and correct in all material respects (except to the extent that any such representation
and warranty is qualified as to “materiality,” “Material Adverse Effect” or similar language, in which
case it shall be true and correct in all respects (after giving effect to any such qualification)) as of such earlier date.

 

		6.	Limited Amendment; Ratification of Loan Documents. Except as specifically amended hereby,
the terms and conditions of the Credit Agreement and the other Loan Documents shall remain in full force and effect, and are hereby
ratified and affirmed in all respects. This Third Amendment shall not be deemed a waiver of, or consent to, or a modification or
amendment of, any other term or condition of the Credit Agreement or any other Loan Document, except as expressly set forth herein.

 

		7.	Governing Law. This Third Amendment shall be governed by and construed in accordance with
the laws of the State of New York.

 

		8.	Miscellaneous. This Third Amendment may be executed in any number of counterparts, which
shall together constitute an entire original agreement, and shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns. This Third Amendment expresses the entire understanding of the parties with respect
to

 

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the transactions
contemplated hereby. No prior negotiations or discussions shall limit, modify, or otherwise affect the provisions hereof. Any determination
that any provision of this Third Amendment or any application hereof is invalid, illegal or unenforceable in any respect and in
any instance shall not affect the validity, legality, or enforceability of such provision in any other instance, or the validity,
legality, or enforceability of any other provisions of this Third Amendment. The Loan Parties represent and warrant that they have
consulted with independent legal counsel of their selection in connection herewith and are not relying on any representations or
warranties of the Administrative Agent or the Lenders or their counsel in entering into this Third Amendment. This Third Amendment
shall constitute a Loan Document.

 

[remainder of
page left intentionally blank]

 

    	-5-

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Third Amendment to be duly executed as of the day and year first above written.

 

	 	ARC Properties Operating 

Partnership, L.P.,
	 	a Delaware limited partnership
	 	 
	 	By:	/s/ Brian S. Block
	 	 	Name: Brian S. Block
	 	 	Title: EVP and Chief Financial Officer
	 	 
	 	AMERICAN REALTY CAPITAL

 PROPERTIES, INC., a Maryland corporation
	 	 
	 	By:	/s/ Brian S. Block
	 	 	Name: Brian S. Block
	 	 	Title: EVP and Chief Financial Officer
	 	 
	 	TIGER ACQUISITION, LLC, a Delaware

 limited liability company
	 	 
	 	By:	/s/ Brian S. Block
	 	 	Name: Brian S. Block
	 	 	Title: EVP and Chief Financial Officer

 

 

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 Third Amendment to Credit Agreement

    	 

    

 

	 	WELLS FARGO BANK, NATIONAL

 ASSOCIATION, as Administrative Agent,

 SwingLine Lender, Issuing Bank and as a Lender
	 	 
	 	By:	/s/ Matt Ricketts
	 	 	Name: Matt Ricketts
	 	 	Title: Managing Director

 

 

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 Third Amendment to Credit Agreement

    	 

    

 

	 	BARCLAYS BANK PLC,
	 	as a Lender
	 	 
	 	By:	 /s/ Noam Azachi
	 	 	Name: NOAM AZACHI
	 	 	Title: VICE PRESIDENT

 

 

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	 	BANK OF AMERICA, N.A.
	 	as a Lender
	 	 
	 	By:	 /s/ Michael W. Edwards
	 	 	Name: Michael W. Edwards
	 	 	Title: Senior Vice President

 

 

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	 	JPMORGAN CHASE BANK, N.A.,
	 	as a Lender
	 	 
	 	By:	/s/ Rita Lai
	 	 	Name: Rita Lai
	 	 	Title: Senior Credit Banker

 

 

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Each of the undersigned,
as Guarantor under that certain Amended and Restated Parent Guaranty Agreement dated as of February 28, 2013, hereby consents to
the foregoing Third Amendment to Credit Agreement and acknowledges and agrees that the Amended and Restated Parent Guaranty Agreement
executed by the undersigned dated as of February 28, 2013 remains in full force and effect.

 

	 	AMERICAN REALTY CAPITAL

 PROPERTIES, INC., a Maryland corporation
	 	 
	 	By:	 /s/ Nicholas S. Schorsch
	 	 	Name: Nicholas S. Schorsch
	 	 	Title: CEO & Chairman
	 	 
	 	TIGER ACQUISITION, LLC, a Delaware

 limited liability company
	 	 
	 	By:	 /s/ Nicholas S. Schorsch
	 	 	Name: Nicholas S. Schorsch
	 	 	Title:  Authorized Signatory

 

 

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 Third Amendment to Credit Agreement

    	 

    

Each of the undersigned,
as Guarantor under that certain Subsidiary Guaranty Agreement dated as of February 14, 2013 (as amended and in effect from time
to time) hereby consents to the foregoing Third Amendment to Credit Agreement and acknowledges and agrees that the Subsidiary Guaranty
Agreement and each Pledge Agreement executed by the undersigned remains in full force and effect.

 

	 	ARC INCOME PROPERTIES, LLC
	 	 
	 	By:	 /s/ Jesse C. Galloway
	 	 	Name: Jesse C. Galloway
	 	 	Title: Authorized Signatory

 

 

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 Third Amendment to Credit Agreement

    	 

    

 

Each of the undersigned,
as Guarantor under that certain Subsidiary Guaranty Agreement dated as of February 14, 2013 (as amended and in effect from time
to time) hereby consents to the foregoing Third Amendment to Credit Agreement and acknowledges and agrees that the Subsidiary Guaranty
Agreement and each Pledge Agreement executed by the undersigned remains in full force and effect.

 

ARC AAABYGA001, LLC

ARC AAATNTX001, LLC

ARC AABDNKY001, LLC

ARC AABHMAL001, LLC

ARC AABHMAL002, LLC

ARC AABNBKY001, LLC

ARC AACFDSC001, LLC

ARC AACLRAL001, LLC

ARC AACMBPA001, LLC

ARC AACPNSC001, LLC

ARC AACROGA001, LLC

ARC AADTNAL001, LLC

ARC AAEPSAL001, LLC

ARC AAFLNOH001, LLC

ARC AAFTWIN001, LLC

ARC AAFTWIN002, LLC

ARC AAGFSNC001, LLC

ARC AAHNBKY001, LLC

ARC AAHUSTX003, LLC

ARC AAHVLGA001, LLC

ARC AAHZHGA001, LLC

ARC AAINZKY001, LLC

ARC AAKNAWI001, LLC

ARC AALFDKY001, LLC

ARC AALWDNJ001, LLC

ARC AAOKCOK001, LLC

ARC AAPRYGA001, LLC

ARC AAPSDTX001, LLC

ARC AASMSWV001, LLC

ARC AASPDOH001, LLC

ARC AASWRTN001, LLC

ARC AATVLGA001, LLC

ARC AATVLPA001, LLC

ARC AAWBYNJ001, LLC

ARC ACAWBWI001, LLC

ARC ACLSHIL001, LLC

ARC AMAHBCA001, LLC

ARC ASDTNGA001, LLC

ARC ASFVLAR001, LLC

ARC BBSTNCA001, LLC

 

 

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 Third Amendment to Credit Agreement

    	 

    

 

 

ARC BJBNENC001, LLC

ARC BJBSCNC001, LLC

ARC BJCPNSC001, LLC

ARC BJCTNSC001, LLC

ARC BJDBNNC001, LLC

ARC BJGWDSC001, LLC

ARC BJITLNC001, LLC

ARC BJMGNNC001, LLC

ARC BJMKCSC001, LLC

ARC BJRRDNC001, LLC

ARC BJSPTNC001, LLC

ARC BJWDRGA001, LLC

ARC BJWTBSC001, LLC

ARC BOLLSNM001, LLC

ARC BWNCNOH001, LLC

ARC CBALPPA001, LLC

ARC CBALYPA001, LLC

ARC CBATAPA001, LLC

ARC CBBMNGA001, LLC

ARC CBBRFPA001, LLC

ARC CBBSNGA001, LLC

ARC CBCTRCT001, LLC

ARC CBCVNRI001, LLC

ARC CBDLBPA001, LLC

ARC CBDLSPA001, LLC

ARC CBDRRCT001, LLC

ARC CBDXHPA001, LLC

ARC CBELMCT001, LLC

ARC CBEPRVA001, LLC

ARC CBEREPA001, LLC

ARC CBFLNOH001, LLC

ARC CBHMNCT001, LLC

ARC CBHSTPA001, LLC

ARC CBHTNPA001, LLC

ARC CBJTNRI001, LLC

ARC CBKNENH001, LLC

ARC CBKSNPA001, LLC

ARC CBLBLPA001, LLC

ARC CBLCRPA002, LLC

ARC CBLDLMA001, LLC

ARC CBLTBPA001, LLC

ARC CBLWSDE001, LLC

ARC CBMBGPA001, LLC

ARC CBMBNNC001, LLC

ARC CBMBYVT001, LLC

ARC CBMCRNH001, LLC

 

 

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 Third Amendment to Credit Agreement

    	 

    

 

 

ARC CBMCRNH002, LLC

ARC CBMCRPA001, LLC

ARC CBMDFMA001, LLC

ARC CBMDNMA001, LLC

ARC CBMDNMA002, LLC

ARC CBMFDPA001, LLC

ARC CBMRSPA001, LLC

ARC CBMTLPA001, LLC

ARC CBMTPPA001, LLC

ARC CBMVLCT001, LLC

ARC CBNBDMA001, LLC

ARC CBNPRRI001, LLC

ARC CBOMTPA001, LLC

ARC CBPBGPA001, LLC

ARC CBPBGPA002, LLC

ARC CBPBGPA006, LLC

ARC CBPBGPA007, LLC

ARC CBPBGPA009, LLC

ARC CBPBGPA011, LLC

ARC CBPDAPA003, LLC

ARC CBPMAOH002, LLC

ARC CBRNDMA001, LLC

ARC CBSDSMA001, LLC

ARC CBSFDMA001, LLC

ARC CBSLMNH001, LLC

ARC CBSRLOH001, LLC

ARC CBSTNCT001, LLC

ARC CBSTNCT002, LLC

ARC CBSVLMA001, LLC

ARC CBTCKPA001, LLC

ARC CBTMPPA001, LLC

ARC CBTRNPA001, LLC

ARC CBUDYPA001, LLC

ARC CBWBNMA001, LLC

ARC CBWHNPA001, LLC

ARC CBWKFRI001, LLC

ARC CBWRNRI001, LLC

ARC CBWSKVA001, LLC

ARC CBWTNMA001, LLC

ARC CBWTPMA001, LLC

ARC CKAKNOH001, LLC

ARC CKMTZGA001, LLC

ARC CKPNXAZ002, LLC

ARC CVFKNIN001, LLC

ARC CVFLDPA001, LLC

ARC CVGPTMI001, LLC

 

 

 

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 Third Amendment to Credit Agreement

    	 

    

 

 

ARC CVGVLSC001, LLC

ARC CVHRWMI001, LLC

ARC CVLVGNV001, LLC

ARC CVMCBPA001, LLC

ARC CVNVLTN001, LLC

ARC CVRTRNY001, LLC

ARC CVSBGGA001, LLC

ARC CVSPGPA001, LLC

ARC CVVDAGA001, LLC

ARC DDAPKMI001, LLC

ARC DDBVLTX001, LLC

ARC DGABNKS001, LLC

ARC DGAUSTX001, LLC

ARC DGBGRMI001, LLC

ARC DGBHMAL001, LLC

ARC DGBLSTX001, LLC

ARC DGBMNAR001, LLC

ARC DGBTNMO001, LLC

ARC DGBVLVA001, LLC

ARC DGBYNTX001, LLC

ARC DGBYNTX002, LLC

ARC DGBYNTX003, LLC

ARC DGCCLAL001, LLC

ARC DGCDWMO001, LLC

ARC DGCFLKS001, LLC

ARC DGCLROK001, LLC

ARC DGCPCTX002, LLC

ARC DGCRTIA001, LLC

ARC DGCRVMO001, LLC

ARC DGCTGIL001, LLC

ARC DGCVSLA001, LLC

ARC DGCVTMI001, LLC

ARC DGCYLTX001, LLC

ARC DGDKNTX001, LLC

ARC DGDNATX001, LLC

ARC DGDNATX002, LLC

ARC DGDNATX003, LLC

ARC DGDYLLA001, LLC

ARC DGDYLTN001, LLC

ARC DGEBGTX001, LLC

ARC DGEDFTX001, LLC

ARC DGEDNMO001, LLC

ARC DGEJNMI001, LLC

ARC DGEREKS001, LLC

ARC DGERVIA001, LLC

ARC DGFLTMI002, LLC

 

 

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 Third Amendment to Credit Agreement

    	 

    

 

 

ARC DGFMTNM001, LLC

ARC DGGDLAL001, LLC

ARC DGGNCKS001, LLC

ARC DGGWRMO001, LLC

ARC DGGWRTX001, LLC

ARC DGGYDMI001, LLC

ARC DGHBTKS001, LLC

ARC DGHHNOK001, LLC

ARC DGHKPMO001, LLC

ARC DGHKYMS001, LLC

ARC DGHKYNC001, LLC

ARC DGHPRKS001, LLC

ARC DGIRRMI001, LLC

ARC DGJKNMS001, LLC

ARC DGJKVIL001, LLC

ARC DGJNSMO001, LLC

ARC DGJVLLA001, LLC

ARC DGKMNKS001, LLC

ARC DGKSCMO001, LLC

ARC DGKYLTX001, LLC

ARC DGLBKTX001, LLC

ARC DGLBNMO001, LLC

ARC DGLBNMO002, LLC

ARC DGLDVOH001, LLC

ARC DGLMQTX001, LLC

ARC DGLRDTX001, LLC

ARC DGLVLOH001, LLC

ARC DGLXNIL001, LLC

ARC DGLXNOK001, LLC

ARC DGMADOK001, LLC

ARC DGMBHMO001, LLC

ARC DGMCRTN001, LLC

ARC DGMDLMI001, LLC

ARC DGMDNMS001, LLC

ARC DGMDNMS002, LLC

ARC DGMLGKS001, LLC

ARC DGMLNAL001, LLC

ARC DGMLRMN001, LLC

ARC DGMNDAR001, LLC

ARC DGMNPKS001, LLC

ARC DGMPRTX001, LLC

ARC DGMPTTX001, LLC

ARC DGMRHMO001, LLC

ARC DGMRNIL001, LLC

ARC DGMRVMO001, LLC

ARC DGMTGMN001, LLC

 

 

 

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 Third Amendment to Credit Agreement

    	 

    

 

 

ARC DGMTMIL001, LLC

ARC DGMVLOK001, LLC

ARC DGMVLTN001, LLC

ARC DGNBFTX001, LLC

ARC DGNCLOH001, LLC

ARC DGNCYKY001, LLC

ARC DGNGEMI001, LLC

ARC DGNIRLA001, LLC

ARC DGNSAIA001, LLC

ARC DGOLVMN001, LLC

ARC DGOSCMO001, LLC

ARC DGOTWIA001, LLC

ARC DGOZKMO001, LLC

ARC DGPBGMO001, LLC

ARC DGPFCMO001, LLC

ARC DGPMNKS001, LLC

ARC DGPTNLA001, LLC

ARC DGRBVMO001, LLC

ARC DGRCYMN001, LLC

ARC DGRMTMO001, LLC

ARC DGRSCMI001, LLC

ARC DGRSSOK001, LLC

ARC DGSCSKS001, LLC

ARC DGSDLMO001, LLC

ARC DGSDNKS001, LLC

ARC DGSFLMO001, LLC

ARC DGSGRMS001, LLC

ARC DGSKNMO001, LLC

ARC DGSLBTX001, LLC

ARC DGSNTTX001, LLC

ARC DGSPGMN001, LLC

ARC DGSRGLA001, LLC

ARC DGSRTLA001, LLC

ARC DGSTLMO001, LLC

ARC DGSTLMO002, LLC

ARC DGSWLMS001, LLC

ARC DGTLRTX001, LLC

ARC DGTRYTX001, LLC

ARC DGTYNNC001, LLC

ARC DGVCTTX001, LLC

ARC DGVRGMN001, LLC

ARC DGWCOTX001, LLC

ARC DGWLCTX001, LLC

ARC DGWSTAR001, LLC

ARC DGZCYLA001, LLC

ARC FDARCID001, LLC

 

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 Third Amendment to Credit Agreement

    	 

    

 

 

ARC FDAVGTX001, LLC

ARC FDBKNIN001, LLC

ARC FDCHOTX001, LLC

ARC FDCLVOH001, LLC

ARC FDCLVOH003, LLC

ARC FDCMONM001, LLC

ARC FDCMTLA001, LLC

ARC FDCWLTX001, LLC

ARC FDDRTMI002, LLC

ARC FDDVLMS001, LLC

ARC FDELKTX001, LLC

ARC FDGPTMS001, LLC

ARC FDGPTMS002, LLC

ARC FDHBGMS001, LLC

ARC FDKLNMS001, LLC

ARC FDKMRWY001, LLC

ARC FDLNXGA001, LLC

ARC FDMTRNM001, LLC

ARC FDOKTTX001, LLC

ARC FDOLNMS001, LLC

ARC FDSSGNV001, LLC

ARC FDSTLMO001, LLC

ARC FDSTLMO003, LLC

ARC FDSTLMO004, LLC

ARC FDTFWLA001, LLC

ARC FDWNNMS001, LLC

ARC FEBYNTX001, LLC

ARC FECCOCA001, LLC

ARC FECCTOH001, LLC

ARC FEEVLIN001, LLC

ARC FEHBTTN001, LLC

ARC FEHZDKY001, LLC

ARC FEKKEIL001, LLC

ARC FELDNKY002, LLC

ARC FELWLAR001, LLC

ARC FEMTPPA001, LLC

ARC FEMTVIL001, LLC

ARC FEOMKWA001, LLC

ARC FERVLMN001, LLC

ARC FEWCANV001, LLC

ARC FEWVRNV001, LLC

ARC FEYMAAZ001, LLC

ARC FMARAIL001, LLC

ARC FMBSRLA001, LLC

ARC FMCARMI001, LLC

ARC FMCGOIL001, LLC

 

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ARC FMDLSTX001, LLC

ARC FMJSNMI001, LLC

ARC FMKMLOH001, LLC

ARC FMPRUIN001, LLC

ARC FMWGNIL001, LLC

ARC FMWSWNC001, LLC

ARC GEAUBAL001, LLC

ARC GMFTWIN001, LLC

ARC GSFTWTX001, LLC

ARC GSGLOVA001, LLC

ARC GSMOBAL001, LLC

ARC GSSPRAZ001, LLC

ARC GSSPRMO001, LLC

ARC HBRHLNC001, LLC

ARC IMCLBOH001, LLC

ARC KFCPTCA001, LLC

ARC KGBTVAR001, LLC

ARC KGCYNWY001, LLC

ARC KGFTNCO001, LLC

ARC KGLWLAR001, LLC

ARC KGMCTIA001, LLC

ARC KGMMTCO001, LLC

ARC KGOTMIA001, LLC

ARC KGPGDAR001, LLC

ARC KGRGSAR001, LLC

ARC KGSWDAR001, LLC

ARC KGTGAND001, LLC

ARC KLABYGA001, LLC

ARC KLATLGA001, LLC

ARC KLATLGA002, LLC

ARC KLAUGGA001, LLC

ARC KLCBSGA001, LLC

ARC KLCTNTN001, LLC

ARC KLEPTGA001, LLC

ARC KLGFPMS001, LLC

ARC KLJACFL001, LLC

ARC KLJAKMS001, LLC

ARC KLJAKMS002, LLC

ARC KLKNXTN001, LLC

ARC KLMCNGA001, LLC

ARC KLMDGGA001, LLC

ARC KLMGYAL001, LLC

ARC KLORLFL001, LLC

ARC KLORLFL002, LLC

ARC KLPHCAL001, LLC

ARC KLPLCFL001, LLC

 

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ARC KLPRLMS001, LLC

ARC KLSAGFL001, LLC

ARC KLSNVGA001, LLC

ARC KLTCLAL001, LLC

ARC MFBSEID001, LLC

ARC MFCBSIN001, LLC

ARC MFFNCSC001, LLC

ARC MFNDLTX001, LLC

ARC MFRLHNC001, LLC

ARC MFWSNNC001, LLC

ARC NTMRWGA001, LLC

ARC NTSTLMO001, LLC

ARC ORLMIWY001, LLC

ARC ORONAAL001, LLC

ARC PFCNLGA001, LLC

ARC PRRCRNY001, LLC

ARC PSCLSNC001, LLC

ARC PSCLTNC001, LLC

ARC PSCLTNC002, LLC

ARC PSCLTNC003, LLC

ARC PSCLTNC004, LLC

ARC PSCNRNC001, LLC

ARC PSFMLSC001, LLC

ARC PSLTNNC001, LLC

ARC PSMGYAL001, LLC

ARC PSMTSNC001, LLC

ARC PSTVLNC001, LLC

ARC RAHTNWV001, LLC

ARC RAJFVIN001, LLC

ARC RALMAOH001, LLC

ARC RALNGKY001, LLC

ARC RALVLOH001, LLC

ARC RALXNKY001, LLC

ARC RAMAROH001, LLC

ARC RAPRSKY001, LLC

ARC RASFDKY001, LLC

ARC RASVLKY001, LLC

ARC RMWFDKS002, LLC

ARC SBTPAFL001, LLC

ARC SEGCTVA001, LLC

ARC SEHPNVA001, LLC

ARC SEHPNVA002, LLC

ARC SESSAFL001, LLC

ARC SSPMTMA001, LLC

ARC STORROH001, LLC

ARC STORROH002, LLC

 

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ARC STORROH003, LLC

ARC TDFMTME001, LLC

ARC TRSEAWA001, LLC

ARC TSGRYLA001, LLC

ARC TSNGNMI001, LLC

ARC TSPYMNH001, LLC

ARC WGABOPR001, LLC

ARC WGACWGA002, LLC

ARC WGANDIN001, LLC

ARC WGCDVTN001, LLC

ARC WGCGOIL001, LLC

ARC WGCGOIL002, LLC

ARC WGCLBMS001, LLC

ARC WGCTPMI001, LLC

ARC WGESYSC001, LLC

ARC WGETNOH001, LLC

ARC WGGVLSC001, LLC

ARC WGLNPMI001, LLC

ARC WGLVSNV001, LLC

ARC WGMEMTN001, LLC

ARC WGNCNSC001, LLC

ARC WGPORAZ001, LLC

ARC WGTLQOK001, LLC

ARC WGTRYMI001, LLC

ARC WGWRNMI001, LLC

ARC WMDVLVA001, LLC

ARC3 DGADYTX01, LLC

ARC3 DGBKLMO01, LLC

ARC3 DGLKCLA001, LLC

ARC3 DGNCZMS001, LLC

ARC3 DGNHNMO01, LLC

ARC3 DGWMRLA001, LLC

ARC3 FDHLKMS01, LLC

ARC3 FEEWCWA001, LLC

ARC3 FEKKMIN01, LLC

ARC3 FEPBGWV001, LLC

ARC3 FEQNCIL01, LLC

ARC3 GSSTUFL001, LLC

ARC3WGSTNNY001, LLC

ARCP AAFNTMI001, LLC

ARCP AAYLNMI001, LLC

ARCP DGAFTAR01, LLC

ARCP DGAPCMO001, LLC

ARCP DGASDMO001, LLC

ARCP DGASGMO001, LLC

ARCP DGBLFMO001, LLC

 

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ARCP DGBLVAR001, LLC

ARCP DGBRNMO001, LLC

ARCP DGCCDMO01, LLC

ARCP DGCMROK001, LLC

ARCP DGCNYKS01, LLC

ARCP DGCRLAR001, LLC

ARCP DGCTNMO001, LLC

ARCP DGCVRMO01, LLC

ARCP DGDMDMO001, LLC

ARCP DGFPNAR01, LLC

ARCP DGGFDMO01, LLC

ARCP DGGRFAR001, LLC

ARCP DGHVLMO01, LLC

ARCP DGJNBIL001, LLC

ARCP DGLSNMO001, LLC

ARCP DGNWTOK01, LLC

ARCP DGOGVMO01, LLC

ARCP DGPCYFL01, LLC

ARCP DGPMRMO001, LLC

ARCP DGSJSMO01, LLC

ARCP DGSNCMO01, LLC

ARCP DGSNTMO01, LLC

ARCP DGWNAMO01, LLC

ARCP DGWSGMO01, LLC

ARCP GSFRENY001, LLC

ARCP GSPLTNY01, LLC

ARCP GSWARPA001, LLC

ARCP JDDPTIA01, LLC

ARCP MBDLSTX01, LLC

ARCP TSRGCTX01, LLC

ARCPWGEPTMI001, LLC

ARCPWGMRBSC001, LLC

CRE JV Mixed Five CT Branch Holdings
LLC

CRE JV Mixed Five DE Branch Holdings
LLC

CRE JV Mixed Five IL 3 Branch Holdings
LLC

CRE JV Mixed Five IL 4 Branch Holdings
LLC

CRE JV Mixed Five IL 5 Branch Holdings
LLC

CRE JV Mixed Five MI 1 Branch Holdings
LLC

CRE JV Mixed Five MI 2 Branch Holdings
LLC

CRE JV Mixed Five MI 3 Branch Holdings
LLC

CRE JV Mixed Five MI 4 Branch Holdings
LLC

CRE JV Mixed Five MI 4 Branch Holdings
LLC

CRE JV Mixed Five MI 5 Branch Holdings
LLC

CRE JV Mixed Five MI 6 Branch Holdings
LLC

CRE JV Mixed Five MI 7 Branch Holdings
LLC

CRE JVMixed Five NH Branch Holdings
LLC

 

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CRE JV Mixed Five OH 1 Branch Holdings LLC

CRE JV Mixed Five OH 2 Branch Holdings LLC

CRE JV Mixed Five OH 3 Branch Holdings LLC

CRE JV Mixed Five OH 4 Branch Holdings LLC

CRE JV Mixed Five OH 5 Branch Holdings LLC

CRE JV Mixed Five OH 6 Branch Holdings LLC

CRE JV Mixed Five OH 7 Branch Holdings LLC

CRE JV Mixed Five VT Branch Holdings LLC

ARC AABBVKY001, LLC

ARC AAMSEMI001, LLC

ARC AASNAKS001, LLC

ARC AALBYKY001, LLC

ARC AZCGOIL001, LLC

ARC CBSFDMA001, LLC

ARC CVSCDFL001, LLC

ARC DDOSCAR001, LLC

ARC FDDRTMI003, LLC

ARC FDKBYID001, LLC

ARC FDSTLMO002, LLC

ARC FMABLNC001, LLC

ARC FMAGRNC001, LLC

ARC FMABONC001, LLC

ARC FMTVLNC001, LLC

ARC HVVMNSD001, LLC

ARC KHHWLMI001, LLC

ARC KGWKEIA001, LLC

ARC QBFNTMI001, LLC

ARC TBHGHMA001, LLC

ARC TSOCTAL001, LLC

ARC VSEPKIL001, LLC

ARC WGDBNMI001, LLC

ARC WGLPSPR001, LLC

ARC WGLVSNV001, LLC

ARC WGLVNMI001, LLC

ARC WGPHXAZ001, LLC

 

 

 

By: /s/ Jesse C. Galloway____

Name:

Title:

 

 

 

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 Third Amendment to Credit Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00220-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00220-of-00352.parquet"}]]