Document:

CORPORATE CAPITAL TRUST, INC. 8-K

 

Exhibit 4.1

 

SECOND
AMENDED AND RESTATED DISTRIBUTION REINVESTMENT PLAN

Corporate
Capital Trust, Inc., a Maryland corporation (the “Company”), hereby adopts the following plan (the “Plan”)
with respect to cash dividends or distributions (each, a “Distribution”) declared by its Board of Directors
(the “Board of Directors”) on shares of its common stock, par value $0.001 per share (the “Common
Stock”):

1. Unless
a stockholder specifically elects to receive cash in accordance with the Plan, all Distributions declared after the effective
date hereof by the Board of Directors shall be payable in shares of Common Stock, and no action shall be required on such stockholder’s
part to receive a Distribution in shares of Common Stock. DST Systems, Inc., the plan administrator and the Company’s transfer
agent and registrar (collectively the “Plan Administrator”), will establish an account for shares of
Common Stock received pursuant to the Plan for each stockholder who has not affirmatively elected to receive Distributions in
cash (each a “Participant”).  The Plan Administrator may hold each Participant’s shares of
Common Stock, together with the shares of Common Stock of other Participants, in the Plan Administrator’s name or that of
its nominee. Notwithstanding anything herein to the contrary and subject to certain limitations and exceptions, a stockholder
who was not a participant in the Amended and Restated Distribution Reinvestment Plan (effective as of November 1, 2017)
as of immediately prior to the effective date hereof may continue to receive Distributions in cash until such time as such stockholder
otherwise notifies the Plan Administrator in accordance with Section 4.

2. Such
Distributions shall be payable on such date or dates (each, a “Payment Date”) as may be fixed from time
to time by the Board of Directors to stockholders of record at the close of business on the record date(s) established by the
Board of Directors for such Distribution.

3. With
respect to each Distribution pursuant to the Plan, the Company reserves the right to either issue new shares of Common Stock or
purchase shares of Common Stock in the open market for the accounts of Participants in connection with implementation of the Plan.
Unless the Company, in its sole discretion, otherwise directs the Plan Administrator:

(A)
if the Market Price (as defined below) is equal to or greater than NAV (as defined below), then the Company shall issue shares
of Common Stock at the greater of (i) NAV or (ii) 95% of the Market Price; or

(B)
if the Market Price is less than the NAV, then, in the sole discretion of the Company, (i) shares of Common Stock shall be
purchased in open market transactions for the accounts of Participants to the extent practicable, or (ii) the Company shall
issue shares of Common Stock at NAV.

The
number of shares of Common Stock to be issued to a Participant is determined by dividing the total dollar amount of the Distribution
payable to the Participant by the price at which the Company issues such shares of Common Stock pursuant to Section 3.(A)(i),
3.(A)(ii) or 3.(B)(ii), as applicable. Shares of Common Stock purchased in open market transactions pursuant to Section 3.(B)(i)
will be allocated to a Participant based on the average purchase price, excluding any brokerage charges or other charges, of all
shares of Common Stock purchased in the open market with respect to such Distribution. “Market Price”
means the market price per share of the Common
Stock at the close of regular trading on the New York Stock Exchange or any other exchange or inter-dealer quotation system that
represents the principal trading market for the shares of Common Stock (the “Principal Trading Market”)
on the Payment Date, or if no sale is reported for such day, the average of the reported bid and asked prices. “NAV”
means the net asset value per share (as estimated in good faith by the Company and rounded up to the nearest whole cent) of Common
Stock on the Payment Date.

    	 

    	 

    

4. A
stockholder may, however, affirmatively elect to receive such stockholder’s Distributions in cash. Except as may otherwise
be permitted by the Company in its sole discretion, the election will be effective immediately if such stockholder notifies the
Plan Administrator in writing not less than 15 days prior to the record date fixed by the Board of Directors for the next Distribution;
otherwise, such election will be effective only with respect to any subsequent Distribution.  Such election shall remain
in effect until the stockholder shall notify the Plan Administrator in writing of such stockholder’s withdrawal of the election,
which withdrawal will be effective immediately if such stockholder notifies the Plan Administrator in writing not less than 15
days prior to the record date fixed by the Board of Directors for the next Distribution; otherwise, such withdrawal will be effective
only with respect to any subsequent Distribution.

5. The
Plan Administrator will confirm to each Participant each issuance or acquisition made pursuant to the Plan on such Participant’s
behalf as soon as practicable, but not later than 30 days after the date thereof.  Although each Participant may from time
to time have a fractional interest (computed to three decimal places) in a share of Common Stock of the Company, no certificates
for a fractional share will be issued. However, Distributions on fractional shares will be credited to each Participant’s
account.

6. The
Plan Administrator or another agent designated by the Company will forward to each Participant any proxy solicitation materials
related to the Company and each report or other communication of the Company delivered to stockholders, and will vote any shares
of Common Stock held by it under the Plan in accordance with the instructions set forth on proxies returned to the Company by
Participants.

7. In
the event that the Company makes available to its stockholders rights to purchase additional shares of Common Stock or other securities,
the shares of Common Stock held by the Plan Administrator for each Participant under the Plan will be added to any other shares
of Common Stock held by the Participant in calculating the number of rights to be issued to the Participant.

8. There
will be no brokerage charges or other sales charges on newly-issued shares of Common Stock acquired by a stockholder under the
Plan. The Plan Administrator’s service fee, if any, and expenses for administering the Plan will be paid for by the Company.
If a Participant elects by written notice to the Plan Administrator to have the Plan Administrator sell part or all of the shares
of Common Stock held by the Plan Administrator in the Participant’s account and remit the proceeds to the Participant, whether
upon termination of the Plan by the Company, termination by a Participant of such Participant’s account under the Plan or
otherwise, the Plan Administrator shall be authorized to deduct from the proceeds a $20.00 transaction fee for each transaction
requested by a Participant, plus any applicable brokerage commission.

    	 	2	 

     

    

9. The
Plan Administrator will be responsible for generating or providing a Form 1099-DIV or any related tax forms associated with any
Distributions that are reinvested or paid out.

10. Each
Participant may terminate such Participant’s account under the Plan by so notifying the Plan Administrator in writing. 
Such termination will be effective immediately if the Participant’s notice is received by the Plan Administrator not less
than 15 days prior to the record date fixed by the Board of Directors for the next Distribution; otherwise, such termination will
be effective only with respect to any subsequent Distribution.  The Plan may be terminated or suspended from time to time
by the Company upon notice in writing mailed to each Participant or by including the notice in a Form 8-K filed with the Securities
and Exchange Commission (the “SEC”), in each case at least three days prior to any record date for the
payment of any Distribution by the Company; if such notice is mailed or filed fewer than three days prior to such record date,
such termination or suspension will be effective immediately following the Payment Date for such Distribution.  During any
suspension of the Plan, all Distributions declared by the Board of Directors shall be payable in cash. The Plan may be reactivated
following any suspension by the Company upon notice of such reactivation in a Form 8-K filed with the SEC. Upon any termination
of the Plan by the Company or by a Participant of such Participant’s account under the Plan, the Plan Administrator will
cause whole shares of Common Stock held for the Participant under the Plan to be credited to the Participant in book-entry form
with the Company’s transfer agent and a cash adjustment for any fractional shares to be paid to the Participant at the market
price per share of Common Stock at the close of regular trading on the Principal Trading Market on the date of such termination.
If no sale is reported on the Principal Trading Market on the date of such termination, then the market price for the purpose
of the payment of the cash adjustment for any fractional shares shall be the average of their electronically-reported bid and
asked prices on the Principal Trading Market on such termination date. The Plan Administrator is authorized to deduct a $20.00
transaction fee plus a $0.10 per share brokerage commission from the proceeds of the sale of any fractional share.

11. These
terms and conditions may be amended or supplemented by the Company at any time but, except when necessary or appropriate to comply
with applicable law or the rules, regulations or policies of the SEC or any other regulatory authority, only by mailing to each
Participant appropriate written notice or by including the amendment or supplement in a Form 8-K filed with the SEC, in each case
at least three days prior to the effective date thereof.  The amendment or supplement shall be deemed to be accepted by each
Participant unless, prior to the effective date thereof, the Plan Administrator receives written notice of the termination of
such Participant’s account under the Plan.  Any such amendment or supplement may include an appointment by the Plan
Administrator in its place and stead of a successor agent under these terms and conditions, with full power and authority to perform
all or any of the acts to be performed by the Plan Administrator under the terms and conditions agreed upon by the Company. 
Upon any such appointment of any agent for the purpose of receiving Distributions, the Company shall be authorized to pay to such
successor agent, for each Participant’s account, all Distributions payable on shares of Common Stock held in the Participant’s
name or under the Plan for retention or application by such successor agent as provided in these terms and conditions.

12. The
Plan Administrator will at all times act in good faith and use its best efforts within reasonable limits to ensure its full and
timely performance of all services to be performed by it under the Plan and to comply with applicable law, but assumes no responsibility
and shall not be liable for loss or damage due to errors unless such error is caused by the Plan Administrator’s negligence,
bad faith, or willful misconduct or that of its employees or agents.

13. These terms and conditions of the Plan shall be governed
by and construed in accordance with the laws of the State of Maryland, without regard to any conflict of laws principals or rules
thereof, to the extent such principals would require or permit the application of the laws of another jurisdiction, and the Investment
Company Act of 1940, as amended (the “1940 Act”).  In the event of a conflict, the applicable provisions
of the 1940 Act shall control.

Effective
Date: November ______, 2017

    	 	3Exhibit

THIRD AMENDMENT TO AMENDED AND RESTATED 
AGREEMENT OF LIMITED PARTNERSHIP OF
PHILLIPS EDISON GROCERY CENTER OPERATING PARTNERSHIP II, L.P.

This THIRD AMENDMENT TO AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF PHILLIPS EDISON GROCERY CENTER OPERATING PARTNERSHIP II, L.P. (this “Amendment”) is made effective as of [September 1], 2017 by PE GROCERY CENTER OP GP II LLC, a Delaware limited liability company (the “General Partner”).  Capitalized terms used but not defined herein will have the meanings ascribed to such terms in the Partnership Agreement (as defined below).

WHEREAS, the General Partner, Phillips Edison Grocery Center REIT II, Inc., a Maryland corporation, as Limited Partner (the “Initial Limited Partner”), American Realty Capital PECO II Advisors, LLC, a Delaware limited liability company, as Limited Partner (“ARC”), Phillips Edison NTR II LLC, a Delaware limited liability company, as Limited Partner (“PECO”), and Phillips Edison Special Limited Partner II LLC (formerly PE – ARC Special Limited Partner II LLC), a Delaware limited liability company, as Special Limited Partner, previously entered into that certain Amended and Restated Agreement of Limited Partnership of Phillips Edison Grocery Center Operating Partnership II, L.P. (the “Partnership”), dated as of January 22, 2015 (the “Partnership Agreement”);

WHEREAS, the General Partner effected that First Amendment to Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of December 3, 2015;

WHEREAS, the General Partner effected that Second Amendment to Amended and Restated Agreement of Limited Partnership of the Partnership, dated as of March 22, 2016;

WHEREAS, as a result of the sale by ARC to the Partnership of all of ARC’s interests in the Partnership on the date hereof, ARC has withdrawn as a Limited Partner of the Partnership; 

WHEREAS, the General Partner, the Initial Limited Partner, PECO and the Special Limited Partner desire to amend the Partnership Agreement, which among other things removes all of ARC’s rights under the Partnership Agreement and deletes all references to ARC therein;

NOW, THEREFORE, in consideration of the foregoing, of mutual covenants between the parties to the Partnership Agreement, and of other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Partnership Agreement is hereby amended as follows:

		
	1.
	Amendment to Article 1.  The definition of “ARC” in Article 1 of the Partnership Agreement shall be deleted. 

		
	2.
	Deletion of References to ARC.  All references to ARC in the Partnership Agreement shall be deleted. 

US-DOCS\93167042.4
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	3.
	Amendment to Section 5.1(b)(iii).  Section 5.1(b)(iii) of the Partnership Agreement shall be amended and restated in its entirety to read as follows:

(iii) Thereafter, (A) 12.75% to the Special Limited Partner, and (B) 87.25% to be distributed to the Partners holding GP Units, OP Units and/or Class B Units in proportion to their respective Percentage Interests with respect to such GP Units, OP Units and/or Class B Units.

		
	4.
	Amendment to Section 5.1(c).  Section 5.1(c) of the Partnership Agreement shall be amended and restated in its entirety to read as follows:

(c) Listing Amounts. Upon a Listing (other than a Listing as contemplated in Section 5.1(d)(ii)(A)) and subject to Section 5.1(f), the General Partner shall cause the Partnership to distribute an amount to the Special Limited Partner in redemption of the Special Limited Partner Interest in the form of a Note (the “Listing Note”) equal to 12.75% of the amount, if any, by which (i) the sum of (A) the Market Value of all issued and outstanding shares of Common Stock plus (B) the sum of all Stockholder Distributions paid by the Initial Limited Partner prior to Listing, exceeds (ii) the sum of (Y) the total Gross Proceeds in all Offerings plus (Z) the total amount of cash that, if distributed to those Stockholders who purchased shares of Common Stock in an Offering, would have provided such Stockholders a Priority Return on the Gross Proceeds raised in all such Offerings. The Listing Note will only be paid to the Special Limited Partner if the Termination has not occurred prior to the Listing. Notwithstanding anything herein to the contrary, in accordance with Section 736 of the Code, the Listing Note shall be disregarded for applicable income tax purposes and the Special Limited Partner shall continue to be treated as a partner of the Partnership in respect of its Special Limited Partner Interest for such purposes until the Partnership has satisfied all of its obligations under the Listing Note. Without limiting the foregoing, the Special Limited Partner shall not be required to accrue interest on the Listing Note in income and the Partnership shall not deduct such interest for such purposes; provided, that, any cash or property paid to the Special Limited Partner with respect to such interest shall be reported to the Special Limited Partner on Internal Revenue Service Schedule K-1 to Form 1065 (or such successor schedule or form).

		
	5.
	Amendment to Section 5.1(d).  Section 5.1(d) of the Partnership Agreement shall be amended and restated in its entirety to read as follows:

(d)    Termination Amounts.
(i)    Upon a Termination and subject to Sections 5.1(d)(ii) and (f), the General Partner shall cause the Partnership to distribute an amount to the Special Limited Partner in redemption of the Special Limited Partner Interest in the form of a Note (the “Termination Note”) equal to 12.75% of the amount, if any, by

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which (A) the sum of (1) the fair market value (determined by appraisal as of the Termination Date) of the Investments on the Termination Date, minus (2) any Loans secured by such Investments, plus (3) the sum of all Stockholder Distributions paid by the Initial Limited Partner through the Termination Date on shares of Common Stock issued in all Offerings through the Termination Date, minus (4) any amounts distributable as of the Termination Date to the Limited Partners who received Partnership Units in connection with the contribution of any Investments (including cash used to acquire Investments) to the Partnership, upon the liquidation or sale of such Investments (assuming the liquidation or sale of such Investments on the Termination Date), exceeds (B) the sum of (1) the Gross Proceeds raised in all Offerings through the Termination Date (less amounts paid on or prior to the Termination Date to purchase or redeem any shares of Common Stock purchased in an Offering pursuant to the Initial Limited Partner’s share repurchase program) plus (2) the total amount of cash that, if distributed to those Stockholders who purchased shares of Common Stock in an Offering on or prior to the Termination Date, would have provided such Stockholders a Priority Return on the Gross Proceeds raised in all Offerings through the Termination Date, measured for the period from inception through the Termination Date.  Notwithstanding anything herein to the contrary, in accordance with Section 736 of the Code, the Termination Note shall be disregarded for applicable income tax purposes and the Special Limited Partner shall continue to be treated as a partner of the Partnership in respect of its Special Limited Partner Interest for such purposes until the Partnership has satisfied all of its obligations under the Termination Note.  Without limiting the foregoing, the Special Limited Partner shall not be required to accrue interest on the Termination Note in income and the Partnership shall not deduct such interest for such purposes; provided, that, any cash or property paid to the Special Limited Partner with respect to such interest shall be reported to the Special Limited Partner on Internal Revenue Service Schedule K-1 to Form 1065 (or such successor schedule or form).
(ii)    Upon a Termination and subject to Section 5.1(f), the Special Limited Partner may elect to receive, in lieu of its right to receive the Termination Note, either:
(A)    If there is a Listing subsequent to the Termination Date, then the General Partner shall cause the Partnership to distribute an amount to the Special Limited Partner in redemption of the Special Limited Partner Interest, payable in one or more payments solely out of Net Sales Proceeds (the “Termination Listing Amount”), equal to 12.75% of the amount, if any, by which (1) the sum of (w) the fair market value

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(determined by appraisal as of the date of Listing) of the Included Assets, minus (x) any Loans secured by the Included Assets, plus (y) the sum of all Stockholder Distributions paid by the Initial Limited Partner through the date of Listing on shares of Common Stock issued in Offerings through the Termination Date, minus (z) any amounts distributable as of the date of Listing to the Limited Partners who received Partnership Units in connection with the contribution of any Included Assets (including cash used to acquire Included Assets) to the Partnership, upon the liquidation or sale of such Included Assets (assuming the liquidation or sale of such Included Assets on the date of Listing), exceeds (2) the sum of (y) the Gross Proceeds raised in all Offerings through the Termination Date (less amounts paid on or prior to the date of Listing to purchase or redeem any shares of Common Stock purchased in an Offering on or prior to the Termination Date pursuant to the Initial Limited Partner’s share repurchase program), plus (z) the total amount of cash that, if distributed to those Stockholders who purchased shares of Common Stock in an Offering on or prior to the Termination Date, would have provided such Stockholders a Priority Return on the Gross Proceeds raised in all Offerings through the Termination Date, measured for the period from inception of the Initial Limited Partner through the date of Listing. 
(B)    If there is an Investment Liquidity Event subsequent to the Termination Date, then the General Partner shall cause the Partnership to distribute an amount to the Special Limited Partner in redemption of the Special Limited Partner Interest, payable in one or more payments solely out of Net Sales Proceeds (the “Termination Liquidity Amount”), equal to 12.75% of the amount, if any, by which (1) the sum of (w) the fair market value (determined by appraisal as of the Investment Liquidity Date) of the Included Assets, minus (x) any Loans secured by the Included Assets, plus (y) the sum of all Stockholder Distributions paid by the Initial Limited Partner through the Investment Liquidity Date on shares of Common Stock issued in Offerings through the Termination Date, minus (z) any amounts distributable as of the Investment Liquidity Date to the Limited Partners who received Partnership Units in connection with the contribution of any Included Assets (including cash used to acquire Included Assets) to the Partnership, upon the liquidation or sale of such Included Assets (assuming the liquidation or sale of such Included Assets on the Investment Liquidity Date), exceeds (2) the sum of (y) the Gross Proceeds raised in all Offerings through the Termination Date (less

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amounts paid on or prior to the Investment Liquidity Date to purchase or redeem any shares of Common Stock purchased in an Offering on or prior to the Termination Date pursuant to the Initial Limited Partner’s share repurchase program), plus (z) the total amount of cash that, if distributed to those Stockholders who purchased shares of Common Stock in an Offering on or prior to the Termination Date, would have provided such Stockholders Priority Return on the Gross Proceeds raised in all Offerings through the Termination Date, measured for the period from inception of the Initial Limited Partner through the Investment Liquidity Date.

		
	6.
	Amendment to Section 5.1(e).  Section 5.1(e) of the Partnership Agreement shall be amended and restated in its entirety to read as follows:

(e)    Investment Liquidity Amounts.  Upon an Investment Liquidity Event and subject to Section 5.1(f), the General Partner shall cause the Partnership to distribute an amount to the Special Limited Partner in redemption of the Special Limited Partner Interest, payable in one or more payments solely out of Net Sales Proceeds (the “Investment Liquidity Amount”), equal to 12.75% of the amount, if any, by which (A) the sum of (1) the fair market value of the Included Assets or all issued and outstanding shares of Common Stock as determined in good faith by the Initial Limited Partner as of the Investment Liquidity Date (the “Investment Liquidity Value”), plus (2) the sum of all Stockholder Distributions paid by the Initial Limited Partner through the Investment Liquidity Date on shares of Common Stock issued in Offerings, exceeds (B) the sum of (1) the Gross Proceeds raised in all Offerings through the Investment Liquidity Date (less amounts paid on or prior to the Investment Liquidity Date to purchase or redeem any shares of Common Stock purchased in an Offering pursuant to the Initial Limited Partner’s share repurchase program) plus (2) the total amount of cash that, if distributed to those Stockholders who purchased shares of Common Stock in an Offering on or prior to the Investment Liquidity Date, would have provided such Stockholders a Priority Return on the Gross Proceeds raised in all Offerings through the Investment Liquidity Date, measured for the period from inception of the Initial Limited Partner through the Investment Liquidity Date.

		
	7.
	Amendment to Section 7.3(b).  Section 7.3(b) of the Partnership Agreement shall be amended and restated in its entirety to read as follows:

(b)     The Partnership shall be responsible for and shall pay all expenses relating to the Partnership’s organization, the ownership of its assets and its operations. The General Partner shall be reimbursed on a monthly basis, or such other basis as it may determine in its sole and absolute discretion, for all expenses that it incurs on behalf of the Partnership

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relating to the ownership and operation of the Partnership’s assets, or for the benefit of the Partnership, including all expenses associated with compliance by the General Partner, the Initial Limited Partner and PECO with laws, rules and regulations promulgated by any regulatory body, expenses related to the operations of the General Partner and the Initial Limited Partner and to the management and administration of any Subsidiaries of the General Partner, the Initial Limited Partner or the Partnership or Affiliates of the Partnership, such as auditing expenses and filing fees and any and all salaries, compensation and expenses of officers and employees of the General Partner and the Initial Limited Partner, but excluding any portion of expenses reasonably attributable to assets not owned by or for the benefit of, or to operations not for the benefit of, the Partnership or Affiliates of the Partnership; provided, however, that the amount of any such reimbursement shall be reduced by any interest earned by the General Partner with respect to bank accounts or other instruments or accounts held by it in its name.

		
	8.
	Amendment to Section 16.1(a). Section 16.1(a) of the Partnership Agreement shall be amended and restated in its entirety to read as follows: 

(a)    A series of Partnership Units in the Partnership, designated as the “Class B Units,” is hereby established.  Except as set forth in this Article 16, Class B Units shall have the same rights, privileges and preferences as the OP Units.  Subject to the provisions of this Article 16 and the special provisions of subparagraph 1(c)(ii) of Exhibit B, Class B Units shall be treated as Partnership Units, with all of the rights, privileges and obligations attendant thereto. In connection with services provided under any Advisory Agreement, if and to the extent provided for under such agreement, the General Partner shall cause the Partnership to issue to PECO within sixty (60) days after the end of each Quarter a number of Class B Units equal to the quotient of (A) the product of the lower of the Cost of Assets and the Initial Limited Partner’s quarterly NAV multiplied by 0.0425% divided by (B) the NAV per share of Common Stock as of the last day of such Quarter; provided, that each quarterly issuance of Class B Units shall be subject to the approval of the Initial Limited Partner’s board of directors.

		
	9.
	Amendment to Exhibit A.  ARC and ARC’s Limited Partner Interest shall be deleted in its entirety from Exhibit A.  

		
	10.
	Limited Effect; No Modifications.  This Amendment is effective as of the date first set forth above.  The amendment set forth above shall be limited precisely as written and relate solely to the provision of the Partnership Agreement in the manner and to the extent described above.  Except as expressly set forth herein, nothing contained in this Amendment will be deemed or construed to amend, supplement or modify the Partnership Agreement or otherwise affect the rights and obligations of any party thereto, all of which remain in full force and effect.

[Remainder of page intentionally left blank.]

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

GENERAL PARTNER:

PE GROCERY CENTER OP GP II, LLC

By:  Phillips Edison Grocery Center REIT II, Inc., its sole member

By:       /s/ R. Mark Addy                                  
		
	Name:
	R. Mark Addy

		
	Title:
	President

INITIAL LIMITED PARTNER:
PHILLIPS EDISON GROCERY CENTER REIT II, INC. 
 
 
By:       /s/ R. Mark Addy                                   
    Name:    R. Mark Addy 
    Title:    President
PECO: 
 
PHILLIPS EDISON NTR II LLC
 
 
By:       /s/ R. Mark Addy                                   
    Name:    R. Mark Addy 
    Title:    President

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SPECIAL LIMITED PARTNER: 
 
PHILLIPS EDISON SPECIAL LIMITED PARTNER II LLC
By:    Phillips Edison NTR II LLC,  
    its manager 
 
 
By:       /s/ R. Mark Addy                                   
    Name:    R. Mark Addy 
    Title:      President

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