Document:

EX-10.3

 Exhibit 10.3 

JOINDER BY AND AGREEMENT OF NEW INDEMNITOR 

STRATEGIC STORAGE TRUST II, INC., a Maryland corporation (“New Indemnitor”), the New Indemnitor referred to in the
Agreement to which this Joinder (the “New Indemnitor Joinder”) is attached (the “Agreement”), intending to be legally bound under the terms and provisions of the Guaranty and the Environmental Indemnity pursuant to
the provisions of this New Indemnitor Joinder represents and warrants to and acknowledges and agrees with Lender the following: 

1.    Defined Terms. All capitalized terms used in this New Indemnitor Joinder, unless defined below,
shall have the meanings given such terms in the Agreement. 
 2.    Benefit to New
Indemnitor. New Indemnitor, owning an indirect interest in New Borrower, shall receive a substantial benefit from Lender’s consent to the Requested Actions. 

3.    Amendment to Guaranty. In addition to guaranteeing the Costs (as such term is defined in the Guaranty)
relating to the matters described in Section 1 of the Guaranty, New Indemnitor hereby assumes liability for, guarantees payment to Lender of, agrees to pay, protect, defend and save Lender harmless and indemnifies Lender from and against, any
and all Costs relating to or resulting from any Borrower’s breach or violation of any of the covenants in Section 2.5(a) of the Agreement. 

4.    Assumption by New Indemnitor of Guaranty. New Indemnitor assumes and agrees to be liable and
responsible for and bound by all of Original Indemnitor’s obligations, agreements and liabilities, including but not limited to the jury waiver and other waivers set forth therein, under the Guaranty, as amended by this New Indemnitor Joinder
as fully and completely as if the New Indemnitor had originally executed and delivered such Guaranty, as amended by this New Indemnitor Joinder, as the indemnitor thereunder; provided, however, that such assumption shall only relate to obligations
under the Guaranty accruing from and after the Effective Date. New Indemnitor further agrees to pay, perform and discharge each and every obligation of payment and performance of Guarantor accruing from and after the Effective Date under, pursuant
to and as set forth in the Guaranty, as amended by this New Indemnitor Joinder, at the time, in the manner and otherwise in all respects as therein provided. Notwithstanding the foregoing, with respect to the Environmental Indemnity Obligations
Under Guaranty, the liability of New Indemnitor shall be joint and several with that of New Borrower and, if applicable, Original Indemnitor and shall not be limited to environmental obligations occurring from and after the Effective Date. From and
after the Effective Date, the Guaranty is amended to provide that all references to the term “Borrower” used in the Guaranty (other than in the recitals of the Guaranty) shall mean and refer to New Borrower and the term
“Guarantor” used in the Guaranty shall mean and refer to New Indemnitor (other than in the recitals of the Guaranty).  

5.    Assumption by New Indemnitor of Environmental Indemnity. New Indemnitor assumes and agrees to
be liable and responsible for and bound by all of the Original Indemnitor’s obligations, agreements and liabilities, including but not limited to the jury waiver and other waivers set forth therein, under the Environmental Indemnity as fully
and completely as if New Indemnitor had signed such Environmental Indemnity, as amended by this New  

  
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Indemnitor Joinder, as the indemnitor/guarantor thereunder, including without limitation, all of those obligations, agreements and liabilities which would have been the obligations,
agreements and liabilities of Original Indemnitor, without regard to when such obligations, agreements and liabilities arise, accrue or have arisen or accrued and without regard to the Original Indemnitor’s responsibility therefore, if any. New
Indemnitor further agrees to pay, perform, and discharge each and every obligation of payment and performance of Original Indemnitor under, pursuant to and as set forth in the Environmental Indemnity, as amended by this New Indemnitor Joinder, at
the time, in the manner and otherwise in all respects as therein provided. The liability of New Indemnitor under this paragraph shall be joint and several with that of New Borrower and, if applicable, Original Indemnitor. From and after the
Effective Date, the Environmental Indemnity is amended to provide that all references to the term “Borrower” used in the Environmental Indemnity shall mean and refer to the New Borrower (other than in the recitals of the
Environmental Indemnity) and the term “Indemnitor” used in the Environmental Indemnity shall mean and refer to the New Indemnitor (other than in the recitals of the Environmental Indemnity).  

6.    Net Worth Covenant. 

a.    Definitions. 

(i)    “Net Worth” shall mean, as of any date, the difference between (i) New Indemnitor’s
total assets that would appear on a balance sheet of New Indemnitor prepared as of such date in accordance with GAAP as of the date of the applicable financial report, and (ii) New Indemnitor’s total liabilities, including, without
limitation, any obligations under direct or indirect guarantees and obligations (contingent or otherwise) to purchase or otherwise acquire, or otherwise to assure a creditor against loss, in either instance in respect of obligations of others, that
would appear on a balance sheet of New Indemnitor prepared as of such date in accordance with GAAP as of the date of the applicable financial report. 

(ii)    “Net Worth Threshold” shall mean a Net Worth of equal to or greater than $100,000,000.00. 

b.    Net Worth Requirement. New Indemnitor represents and warrants to Lender, as an inducement to consent to the
assumption of the Loan by New Borrower, that New Indemnitor’s Net Worth from and after Effective Date shall satisfy the Net Worth Threshold. New Indemnitor shall be required to, from and after Effective Date and while the Loan is outstanding,
maintain the Net Worth Threshold. New Indemnitor’s failure to maintain the Net Worth Threshold shall immediately constitute an Event of Default under the Loan Documents and the Guaranty. New Indemnitor shall or shall cause New Borrower to,
immediately upon actual knowledge thereof, provide written notice to Lender if at any time the Net Worth of New Indemnitor falls below the Net Worth Threshold. 

7.    Confirmation of Representations. New Indemnitor confirms (a) the representations and
warranties and agrees to the covenants regarding New Indemnitor set forth in the Agreement, including, but not limited to obligations in pay the Indemnifications Costs and  

  
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(b) the truth and accuracy of all representations and warranties set forth in the Guaranty and Environmental Indemnity, as applicable, concerning the Property or New Borrower (but not relating to
Initial Borrower, Interim Borrower or any party affiliated therewith). 
 8.    Authority Representations
by New Indemnitor. New Indemnitor is a duly organized, validly existing corporation in good standing under the laws of the State of Maryland. H. Michael Schwartz (“New Indemnitor Signatory”) is the President of New
Indemnitor. New Indemnitor Signatory, acting alone without the joinder of any officer, director or shareholder of New Indemnitor or any other party, has the power and authority to execute this Agreement on behalf of and to duly bind New Indemnitor
under this Agreement and the Loan Documents. The execution and delivery of, and performance under, this Agreement and the Loan Documents by New Indemnitor have been duly and properly authorized pursuant to all requisite corporate action of New
Indemnitor and will not (x) violate any provision of any law, rule, regulation, order, writ, judgment, injunction, decree, determination or award presently in effect having applicability to New Indemnitor or the articles of incorporation,
by-laws, or any other organizational document of New Indemnitor or (y) result in a breach of or constitute or cause a default under any indenture, agreement, lease or instrument to which New Indemnitor is a party or by which the Property may be
bound or affected. 
 9.    Notices to New Indemnitor. Lender shall deliver any notices to
New Indemnitor which are required to be delivered pursuant to the Guaranty and the Environmental Indemnity, or are otherwise delivered by the Lender thereunder at Lender’s sole discretion, to New Indemnitor at the following address: 

Strategic Storage Trust II, Inc. 

10 Terrace Road 
 Ladera Ranch,
California 92694 
 Attn: H. Michael Schwartz 

Facsimile: (949) 429-6606 
 All notices to
be sent by New Indemnitor to Lender under the Guaranty, the Environmental Indemnity and the Loan Documents shall be sent to Lender in the manner set forth in and at the address shown in Section 4.6 of the Agreement. 

10.    Governing Law. This New Indemnitor Joinder shall be interpreted, construed, and enforced in
accordance with the governing law provisions of the Guaranty and Environmental Indemnity, as applicable.  
 (REMAINDER OF PAGE
INTENTIONALLY LEFT BLANK) 

  
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 The undersigned New Indemnitor has executed and delivered this New Indemnitor Joinder to be
effective as of the Effective Date of the Agreement. 
  

			
	NEW INDEMNITOR:
	
	STRATEGIC STORAGE TRUST II, INC., a Maryland corporation
		
	By:	 	 /s/ H. Michael Schwartz

	Name:	 	H. Michael Schwartz
	Title:	 	President

  
 1(NEW INDEMNITOR
SIGNATURE PAGE TO NEW INDEMNITOR JOINDER)EX-10.4

 Exhibit 10.4 

FIRST AMENDMENT TO CREDIT AGREEMENT 

This FIRST AMENDMENT TO CREDIT AGREEMENT (“Amendment”) is dated as of December 29, 2016, and executed by STRATEGIC
STORAGE TRUST II, INC., a Maryland corporation (“Borrower”), the Lenders, and KEYBANK NATIONAL ASSOCIATION (hereinafter, the “Administrative Agent”), for itself and for the Lenders in consideration of mutual
covenants contained herein and benefits to be derived herefrom. Unless otherwise defined herein, capitalized terms used herein shall have the same meaning provided for in the Original Credit Agreement. 

RECITALS 
 WHEREAS,
Borrower, Administrative Agent and Lenders are parties to that certain Credit Agreement dated June 1, 2016 (the “Original Credit Agreement”), whereby the Lenders agreed to make a term loan in the amount of $30,000,000.00 to
Borrower in accordance with the terms and conditions of the Original Credit Agreement; and 
 WHEREAS, Borrower, Administrative Agent, and
the Lenders have agreed, on the conditions provided for herein, to amend certain terms and provisions of the Original Credit Agreement as set forth herein. 

NOW, THEREFORE, in consideration of the above premises and for other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, Borrower and the Administrative Agent hereby covenant and agree as follows: 
 1.    Amendment. The
definition of Maturity Date set forth in Section 1.01 of the Original Credit Agreement is hereby deleted in its entirety and shall be replaced by the following: 

“Maturity Date” means March 31, 2017. 

2.    Extension Fee. Borrower and Administrative Agent hereby agree that in connection with the extension of the Maturity Date as
set forth herein, Borrower shall pay an extension fee in an amount equal to $15,000.00 (0.15% of the amount of the outstanding principal balance of the Loan as of the date hereof). 

3.    Additional Representations and Warranties. Borrower represents and warrants as follows: 

(a)    It has taken all necessary action to authorize the execution, delivery and performance of this Amendment. 

(b)    This Amendment has been duly executed and delivered by each Borrower and constitutes such Borrower’s legal,
valid and binding obligations, enforceable in accordance with its terms. 

  
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 (c)    No consent, approval, authorization or order of, or filing,
registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or performance by Borrowers of this Amendment. 

4.    Continuing Validity. Except as expressly amended hereby, the remaining terms and conditions of the Original Credit Agreement
shall continue in full force and effect. All future references to the “Credit Agreement” shall be deemed to include references to the Original Credit Agreement, as amended by this Amendment. It is intended that this Amendment shall be
governed by and construed in accordance with the laws of the State of New York. 
 5.    Successors and Assigns. This Amendment
shall be binding upon and inure to the benefit of the successors and assigns of the parties hereto. 
 6.    Multiple
Counterparts. For the purpose of facilitating the execution of this Amendment as herein provided and for other purposes, this Amendment may be executed simultaneously in any number of counterparts, each of which counterparts shall be deemed to
be an original, and such counterparts shall constitute and be one and the same instrument. Signatures delivered by facsimile or PDF shall have the same legal effect as originals. 

[SIGNATURE PAGES TO FOLLOW] 

  
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 IN WITNESS WHEREOF, Borrower, Administrative Agent and the Lenders have caused this Amendment to
be duly executed and delivered as a sealed instrument as of the date first written above. 
  

			
	BORROWER:
	
	 STRATEGIC STORAGE TRUST II, INC.,
 a
Maryland corporation, its Manager

		
	By:	 	 /s/ H. Michael Schwartz

	Name:	 	H. Michael Schwartz
	Title:	 	President

 [SIGNATURES CONTINUE ON THE FOLLOWING PAGE] 

  
 [Signature Page to
First Amendment to Credit Agreement] 

			
	ADMINISTRATIVE AGENT AND LENDERS:
	
	KEYBANK NATIONAL ASSOCIATION, as Administrative Agent and a Lender
		
	By:	 	 /s/ Christopher T. Neil

	Name:	 	Christopher T. Neil
	Title:	 	Vice President

  
 [Signature Page to
First Amendment to Credit Agreement]

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