Execution Copy

Internal Loan Number 7170491001

Loan Agreement

dated as of

18 May 2015

between

Deutsche Postbank AG

— hereinafter referred to as “Bank” —

and

2 Boulevard Konrad Adenauer S.à r.l.

private limited liability company (société à responsabilité limitée) established under the laws of the

Grand Duchy of Luxembourg with a share capital of EUR 12,500, with its registered seat in 412F,

Route d’Esch, L-2086 Luxembourg,

registered with the Luxembourg register of commerce and companies (R.C.S. Luxembourg) under

number B-96624

— hereinafter referred to as “Borrower” —

Preamble

The Borrower is a Luxembourg private limited liability company (société à responsabilité limitée) which owns the Property defined below.

Prior to completion of the SPA (as defined below) all shares in the Borrower are owned by IVG Institutional Funds GmbH, a German limited liability company with seat in Frankfurt/Main, Germany, registered with the commercial register of the local court of Frankfurt/Main under HRB 91062 (“IVG”), acting as management company in the name and for the account of the fund “EURIM” (“EURIM”).

American Realty Capital Global II Operating Partnership LP, (“ARC GT II”), intends to indirectly acquire all shares in the Borrower from IVG (acting in the name and for the account of EURIM) on or around the date hereof. ARC GT II is owned by American Realty Capital Global II Trust, Inc., a (currently) non-listed real estate investment trust (the “ARC Global II REIT”). The ARC Global II REIT, ARC GT II and ARC Global II Holdco LLC shall hereinafter be jointly referred as the “ARC Global II REIT Vehicles”.

That acquisition will be made by a Luxembourg law share purchase agreement dated 19 January 2015 (the “SPA”) between, amongst others, IVG as seller (acting in the name and for the account of EURIM) and ARC Global II DB Lux S.à r.l. as purchaser, a Luxembourg limited liability company (société à responsabilité limitée) having its registered seat at 9A, boulevard Prince Henri, L-1724 Luxembourg (“DB LUX”), wholly indirectly owned by ARC GT II. The purchase price under the SPA amounts to EUR 68,200,000 (the “Purchase Price”).

The Closing Date under the SPA (as defined therein) will probably occur on 30 April 2015.

Following completion of the SPA, DB LUX will be merged into the Borrower as receiving company.

“Group Companies” means ARC GT II and its fully (directly and indirectly) owned subsidiaries, being ARC Global II Holdco LLC, ARC Global II S.à r.l., ARC Global (Luxembourg) Holdings II S.à r.l., DB LUX, and the Borrower.

The Bank provided a term loan to the Borrower for the purpose of refinancing the Property defined below in the current outstanding principal amount of EUR 36,945,000 by a German law loan agreement originally dated 20 December 2012, as amended and extended by the amendment and loan term extension agreement dated 25/26 June 2013, and further amended and extended by the second amendment and loan term extension agreement dated 20 December 2013 (together, the “Original Loan Agreement”).

This agreement is made in connection with the SPA to partially discharge the outstanding loan amount under the Original Loan Agreement together with all accrued interest, to amend and restate the terms of the Original Loan Agreement by, and pursuant to, the terms of this agreement, and to amend and restate the related existing security documentation (to the extent possible). The difference between the outstanding amounts under the Original Loan Agreement and the Loan amount under this agreement as at the Amendment Date (the “Repayment Amount”) will be funded with equity and paid to the Bank by or on behalf of the Borrower in accordance with the provisions of this agreement.

Under a mezzanine loan agreement between M&G Investment Management Limited as mandated lead arranger and certain funds managed by M&G Investment Management Limited as (original) mezzanine lenders, being M&G Real Estate Finance 2 Co S.à r.l. and M&G Real Estate Finance 3 Co S.à r.l. (these two companies together, the “Mezzanine Lender”) and the DB LUX as mezzanine borrower made on or around the date of this agreement (the “Mezzanine Loan Agreement” and that agreement together with all related mezzanine security and other mezzanine finance documents, the “Mezzanine Finance Documents”), the Mezzanine Lender will provide a mezzanine loan facility of up to EUR 25,000,000 to the DB LUX (the “Mezzanine Loan”) to finance the Purchase Price under the SPA. The Purchase Price will be paid directly to IVG by a utilization of the Mezzanine Loan and additional equity funding.

On or around the date hereof, an intercreditor agreement (the “Intercreditor Agreement”) will be entered into, amongst others, the Bank, the Mezzanine Lender to regulate their relationship with respect to this agreement, the Mezzanine Loan Agreement, and all related security granted thereunder.

The Borrower is the owner of the following real estate property located in Luxembourg (the “Property”):

Address: 2 Boulevard Konrad Adenauer, L-1115 Luxembourg

Description of the buildings:

Registration:

Pursuant to a property management agreement entered into on or around the date hereof, Moor Park Global II Advisors Ltd (the “Property Manager”) will carry out the property management activities required under the lease agreement and certain other activities for the benefit of DB LUX and the Borrower. For these purposes, the Property Manager is entitled to be assisted by third parties, including Deutsche Bank (Luxembourg) S.A. under a management agreement entered into with the Borrower on 17 December 2013 (as amended from time to time, and/or if substituted for a direct agreement with the Property Manager).

Section 1

Amendment and Restatement

Section 2

Grant of the Loan

Subject to the terms and conditions of this agreement, the Bank grants a term loan to the Borrower in the lower amount of

Section 3

Purpose

The Loan exclusively serves to partially extend the loan granted under the Original Loan Agreement.

Section 4

Utilization and Costs of Utilization

The Loan bears interest from and including the Amendment Date and excluding the day of repayment in accordance with the following provisions of this Section 4 Clause 2.

The time period for which a fixed interest rate is agreed upon with regard to the Loan is referred to as “Interest Period”.

The first Interest Period begins on the Amendment Date and will end on 30 June 2015. Each further Interest Period begins on the last day of the preceding Interest Period, and ends in accordance with the calendar quarters, i.e. on 30 September, 31 December, 31 March, 30 June, respectively.

If any Interest Period would end on a day which is not a Business Day, such Interest Period ends on the next following Business Day unless such Business Day falls in the next calendar month in which case the Interest Period ends on the immediately preceding Business Day.

The rate of interest on the Loan for each Interest Period is the percentage rate per annum which is the aggregate of the applicable:

(the “Interest Rate”).

The applicable nominal interest margin amounts to 1.05% per annum (including margin and liquidity costs) (together, the “Margin”).

Subject to the provisions of this paragraph, the applicable reference rate is the percentage rate per annum according to the euro interbank offered rate administered by the European Money Markets Institute (or any other person which takes over the administration of that rate) for the three month period displayed (before any correction, recalculation or republication by the administrator) on page EURIBOR01 of the Thomson Reuters screen (or any replacement Thomson Reuters page which displays that rate) (the “Reference Rate”).

If any such Reference Rate is below zero, it will be deemed to be zero.

If the Bank cannot determine the Reference Rate on the relevant Interest Fixing Date, interest is alternatively calculated on the basis of the arithmetic mean of the rates (rounded upwards to four decimal places) as supplied to the Bank at its request by three (3) reference banks (being Deutsche Bank AG, Commerzbank Aktiengesellschaft and Landesbank Baden-Wiirttemberg) as the rate at which the relevant reference bank could borrow funds in the European interbank market in the relevant currency and for the relevant period, or if a reference bank does not supply a quotation to the Bank on the Interest Fixing Date, the reference interest rate corresponds to the Bank’s refinancing costs for a three (3) months period, expressed in percent per annum.

If the LTV is above 65%, the Margin increases by 15 basis points starting at the next Interest Payment Date.

If the LTV is restituted to a level of equal or below 65%, the Margin applies again without such increase amount from the next Interest Payment Date (if restituted at least ten (10) Business Days before that Interest Payment Date) provided that the LTV is and was complied with since the remediation and no Default or Event of Default under this agreement exists.

A “Default” exists for purposes of this agreement if an event or circumstance occurs or appears which, after the expiration of a cure period provided for under this agreement or after a notice or communication provided for under this agreement, would constitute an Event of Default. For the avoidance of doubt, the soft covenant levels of 65% for the LTV when surpassed and for Debt Yield of 9% when below do not constitute a Default, however, a Default will occur if the Borrower does not comply with its obligations under paragraphs (a) and (c) of Section 9 Clause 5. (Legal consequences of a breach of the financial covenants).

The Interest Rate is fixed at approx. 11:00 a.m. (Frankfurt/Main, Germany) on the Amendment Date and thereafter on the day two (2) Business Days before the beginning of the relevant Interest Periods (each an “Interest Fixing Date”).

The Bank will inform the Borrower without undue delay about the Interest Rate applicable and agreed for the relevant Interest Period in writing or by email or fax messages.

Interest is calculated pursuant to the European interest rate method (Eurozinsmethode) (actual/360).

Interest is due and payable in arrears on the last day of each Interest Period as determined under Section 4 Clause 2.(a) above (each an “Interest Payment Date”).

The interest payments due in each case must be paid to the following account of the Bank:

account no. 7170491001

BIC/ IBAN: PBNKDEFF/ DE14380107007170491001

Decisive for the timeliness of the payment is the value date of the credit to the account.

Subject to the provisions of this paragraph, the Borrower or DB LUX shall enter into an interest rate hedging agreement with Barclays as hedge counterparty (the “Hedge Counterparty”) which limits the interest exposure (excluding the Margin) for the full Loan amount and for the entire Loan term on terms satisfactory to the Bank (a “Hedging Agreement”).

If payments due under this agreement are not made at all or only in part on their respective due dates, the Borrower is in default in respect of these outstanding and unpaid payments without any further notice from the Bank.

For the period during which the Borrower is in default with payments, it owes default interest at a rate of five (5) per cent points per year above the base interest rate of the German Bundesbank for all amounts outstanding according to the provisions of this agreement. The Bank retains the right to prove further losses.

The Borrower shall pay on Amendment Date a one-time non-refundable arrangement fee in an amount of 0.60% of the Loan amount to the Bank.

The Borrower shall fulfill the Conditions Precedent pursuant to Section 6 and utilize the full amount of the Loan in a single drawdown within three (3) months after signing this agreement (the “Availability Period”). After the expiration of the Availability Period, the Bank has the right to refuse the utilization of the Loan under the terms of this agreement.

Section 5

Loan Term, Repayment and Prepayment

The Loan term commences upon utilization of the Loan under the term of this agreement (the “Amendment Date”) and ends after the expiration of five (5) years on the Business Day immediately preceding the Amendment Date (the “Final Maturity Date”).

The Borrower shall repay the Loan in full by way of a bullet repayment together with all due interest, fees and costs no later than on the Final Maturity Date.

The Borrower may, if it gives the Bank not less than ten (10) Business Days’ prior written notice, prepay the whole or any part of the utilized Loan amount at the end of each Interest Period. Any such partial prepayment amounts must be at least EUR 1,000,000 or integral multiples thereof.

(both alternatives defined as a “Planned Listing”), subject to the prior information of the Bank about the implementation of the Planned Listing and submission of all documents required for the Bank’s compliance with § 19 para 2 of the German Banking Act (Gesetz über das Kreditwesen — “KWG”).

The Planned Listing exception pursuant to paragraph (2)(II) above will cease to be applicable, and a Change of Control will have occurred at the time when, following a Planned Listing, any new shareholder acquires control (in the sense of having the power to cast or control the casting of more than 50 per cent. of the maximum number of votes and owning more than 50 per cent. of the shares) in the Merged REIT (if relating to the exception under paragraph (I) above) or the Listed REIT (if relating to the exception under paragraph (II) above).

The consent to a Change of Control granted under this paragraph (3) will cease to be applicable, and a Change of Control will have occurred at the time when, following such consent, the Mezzanine Lender as beneficiary of such consent subsequently loses control (in the sense of having the power to cast or control the casting of more than 50 per cent. of the maximum number of votes and owning more than 50 per cent. of the shares) in DB LUX or the Borrower for the benefit of a third party (whether acting individually or in concert).

In the case of a voluntary prepayment, mandatory prepayment, or non-utilization of the Loan or partial Loan amount, the Borrower shall compensate the Bank for all resulting losses, damage, costs, and expenses (including the loss due to the refinancing, which the Bank incurs when obtaining or maintaining the Loan in accordance with the applicable mandatory rules under German law, particularly including the Bank’s liquidity costs, (the “Prepayment Compensation”) unless the prepayment or repayment is made at the end of an Interest Period.

If the Loan is redeemed or repaid in whole or in part before the Final Maturity Date, the following prepayment fee shall be paid to the Bank in addition to, and independent from the Prepayment Compensation (the “Prepayment Fee”):

Section 6

Conditions for Utilization

Condition precedent for the utilization of the Loan under this agreement is the presentation of each evidence and document listed below in the German or English language and in form and substance satisfactory to the Bank (together, the “Conditions Precedent”):

The Conditions Precedent marked with “*” are “Closing Conditions Precedent” and may be satisfied (simultaneously) on the “Closing Date” as defined in the SPA, but not later than 12:00 pm (German time) on the Amendment Date provided that final versions of the Finance Documents, the Mezzanine Finance Documents (excluding the Mezzanine Security Document) and the legal opinions shall be agreed five (5) Business Days before the Amendment Date.

Section 7

Security

The Borrower shall at its own expense provide and create the security interests listed below in favor of the Bank, or, as the case may be, confirm, amend and restate the existing security documents made in connection with the Original Loan Agreement (together the “Security Documents”):

The security created under the Security Documents and any other additional security in connection with this agreement for the benefit of the Bank are to secure all current and future, including contingent, time-limited, or statutory claims of the Bank against the Borrower under or in connection with the Finance Documents (each as in effect at any given time) as well as all agreements concluded in connection with the Finance Documents (including, but not limited to, supplemental agreements, loan term extension agreements, amendment agreements, and the abstract acknowledgement of debt under clause 15.1 of the Intercreditor Agreement) (together, the “Secured Claims”). The Secured Claims include capital, interest, costs, fees, claims for damages or unjust enrichment.

The Bank may at any time, acting reasonably and taking into account the Borrower’s legitimate interests, demand that the Borrower provides at the Borrower’s cost and expense any additional security or documents over the Borrower’s assets which are or become necessary to ensure that the Loan, the Property Lien, and the Security Documents are eligible pursuant to all requirements of the CRR on credit risk mitigation techniques, and eligible for a covered bond refinancing (pfandbrieffähig) under the PfandBG, in particular pursuant to Section 18 PfandBG. For the avoidance of doubt, such security shall be limited to Borrower’s assets only and the Borrower shall not be obliged to procure that its shareholders or other persons increase its assets.

Section 8

Information Undertakings

The Borrower undertakes:

The parties to this agreement generally assume that the information undertakings will be satisfied with the information referred to above. The Bank, acting reasonably, retains the right, however, to demand all material information and documents in connection with the Loan, the Property, and the Borrower.

Section 9

Financial Covenants

Throughout the entire term of the Loan, the Borrower shall maintain an LTV of no more than 65% in respect to the Property.

The following determinations apply to the calculation of the LTV and the preparation of valuation reports:

Throughout the entire term of the Loan, the Borrower shall maintain a Debt Yield of at least 9% in respect to the Property.

The following determinations apply to the calculation of the Debt Yield:

when calculating the Net Rental Income:

The following legal consequences apply to any breaches of the financial covenants under this agreement.

in the cases of the above sub-paragraphs (i) and (ii), unless the Borrower has prepaid the Loan by a single payment in an amount required to comply with the LTV at least ten (10) Business Days before the next Interest Payment Date.

Section 10

Representation and Warranties

The Borrower hereby represents and warrants the following to the Bank:

Except for the representation listed under Number 16 the representations and warranties listed above are repeated by the Borrower at the Amendment Date and on each Interest Payment Date and are deemed to be issued as new on the corresponding day.

Section 11

General Undertakings

Section 12

Events of Default / Termination

Section 13

Tax-Gross-Up and Indemnities

The indemnification obligation pursuant to paragraph (b) and (c) does not exist in respect to corporate income tax or income tax imposed at the registered seat of the Bank or of the agent paying out the loan. In the case of a tax refund in cases of paragraph (b) and (c) above by the relevant tax authority, the Bank will forward the refund amount to the Borrower.

Section 14

Assignment/Transfer of the Credit Risk/

Disclosure of Information

Section 15

Notices

Deutsche Postbank AG

Attn. Ms. Astrid A. Wagner

Friedrich-Ebert-Allee 114 - 126

53113 Bonn

Email: astrid-a.wagner@postbank.de

Tel. no.: 0228 920 24535

Fax. no.0228 920 24509

2 boulevard Konrad Adenauer S.à r.l.

9A boulevard Prince Henri, L-1724 Luxembourg

Attn: Messrs Yves Cheret & Patrick Goulding, managers

Tel: +35 2 26 215 410

Fax:+35 2 621 546 718

Email: yves.cheret@crestbridge.com

with copy to:

Moor Park Capital Partners LLP

37-38 Margaret Street, 2nd floor, W1G 0JF London

Attn: Mr Graydon Butler, COO

Tel: +44 (0)20 3011 1572 / +44 (0)20 3011 1581

Fax: +44 (0)20 3011 1573

Email: graydon.butler@moorparkcapital.com

Section 16

Information under the German Money Laundering Act (Geldwäschegesetz – “GwG”)

☐  This agreement is concluded at the instigation of a third party. The completed form “Beneficial Owner Declaration” is attached to this agreement as Appendix 4.

☐ The Borrower is a company, association, authority, foundation, institution/body or similar. The completed form “Beneficial Owner Declaration” is attached in Appendix 4.

(The Borrower should tick those options that apply to it.)

Section 17

Final Provisions

***

Signed in the name and on behalf of the Borrower:

2 Boulevard Konrad Adenauer S.à r.l.

Sigend in the name and on behalf of the Bank:

Appendix 1

Form of Utilization Request

From: 2 Boulevard Konrad Adenauer S.à r.l., a private limited liability company (société à responsabilité limitée) established under the laws of the Grand Duchy of Luxembourg with a share capital of EUR 12,500, with its registered seat in 412F, Route d’Esch, L-2086 Luxembourg, registered with the Luxembourg register of commerce and companies (R.C.S. Luxembourg) under number B-96624

To: Deutsche Postbank AG

Dated:

Dear Sirs,

Utilization Request – loan agreement relating to the real estate property 2 Boulevard Konrad Adenauer, L-1115 Luxembourg dated____________2015 (the “Loan Agreement”)

We refer to the Loan Agreement. This is the Utilization Request. Terms defined in the Loan Agreement have the same meaning in this Utilization Request unless given a different meaning in this Utilization Request.

We wish to borrow the Loan pursuant to the terms of the Loan Agreement on 30 April 2015 (proposed Amendment Date) and thereby amend and restate the Original Loan Agreement with effect of the Amendment Date.

The Loan is to be made to partially refinance the Original Loan Agreement for the Property.

We confirm that each representation and warranty under the Loan Agreement is true and correct as at the date of this Utilization Request as if made by reference to the facts and circumstances existing on the date of this Utilization Request.

This Utilization Request is irrevocable.

Sincerely,

2 Boulevard Konrad Adenauer S.à r.l.

by:

Name:

Title:

Appendix 2

Additional Terms and Conditions for Loans

(Weitere Darlehensbedingungen)

Appendix 3

General Terms and Conditions of Business

(Allgemeine Geschüftsbedingungen)

Appendix 4

Form of Beneficial Owner Declaration

Appendix 5

Disclosures of property related issues

[none]