Execution Copy

Internal Loan Number 7404699002

Sub-Account Number 7404699010 (B Loan)

Sub-Account Number 7404699029 (A Loan)

Term Loan Facilities Agreement

Dated as of

23 June 2015

between

Deutsche Postbank AG

– hereinafter referred to as “Bank” –

and

ARC INGAMNE001, LLC

a Delaware limited liability company

with its registered seat in Wilmington, Delaware, United States of America,

with its business address at 2711 Centerville Road, Suite 400, 19808 Wilmington, Delaware,

registered with the state of Delaware, United States of America, under number 5663596

– hereinafter referred to as “Borrower” –

Preamble

The Borrower is a Delaware limited liability company which intends to acquire the Property (as defined below) from ING Bank, N.V. (the “Seller”) under a Dutch law sale and purchase agreement dated 31 December 2014 (the “SPA”) on 30 June 2015.

The purchase price under the SPA amounts to EUR 88,000,000 net (the “Purchase Price”).

Ultimate shareholder of the Borrower is American Realty Capital Global II Trust, Inc., a (currently) non-listed real estate investment trust (the “ARC Global II REIT”).

“Group Companies” means American Realty Capital Global II Operating Partnership L.P. (“ARC GT II”) and its fully (directly and indirectly) owned subsidiaries, being ARC Global II Holdco LLC, ARC Global II, S.à r.1., ARC Global II (Netherlands) Holdings, S.à r.1., and the Borrower.

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”.

This agreement is made in connection with the SPA to partially finance the Purchase Price. The difference between the Purchase Price and the amount of the Loans under this agreement will be funded with equity and the first quarter rent provided that the latter one will be paid in advance by the tenant (the “Equity Amount”) and paid to the Seller by or on behalf of the Borrower in accordance with the provisions of this agreement.

Following completion of the SPA, the Borrower will be the owner of the following real estate property located in the Netherlands (the “Property”), being a long lease (erfpacht) issued by the Municipality of Amsterdam:

Address: Haarlerbergweg 17, 19, 21A through G, 1101 CH Amsterdam, and Hullenbergweg 1101 CG Amsterdam

Description of the buildings:

Pursuant to a property management agreement entered into on or around the date hereof, Moor Park Capital Global II Advisors Ltd. (the “Property Manager”) will carry out the property management activities for the benefit of the Borrower.

Section 1

The Loans

Subject to the terms and conditions of this agreement, the Bank grants the following term loan facilities to the Borrower:

(the loan granted under this facility the “A Loan”), and

(the loan granted under this facility the “B Loan”)

(A Loan and B Loan together, the “Loans” and each a “Loan”).

Section 2

Purpose

The Loans exclusively serve to partially fund the Purchase Price under the SPA.

Section 3

Utilization and Costs of Utilization

The Loans bear interest from and including the Utilization Date and excluding the day of repayment in accordance with the following provisions of this Section 3 Clause 2.

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

The first Interest Period begins on the Utilization Date and will end on 5 October 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 5 October, 5 January, 5 April, 5 July, 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 each of the Loans for each Interest Period is the percentage rate per annum which is the aggregate of the applicable:

(the “Interest Rate”).

The applicable nominal interest margins (including margin and liquidity costs) amount to:

(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-Württemberg) 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 1 exceeds 75% or the LTV 2 exceeds 60% (as applicable), the Margin for the A Loan increases by 15 basis points starting at the next Interest Payment Date.

If the LTV 1 is restituted to a level of equal or below 75% or the LTV 2 is restituted to a level of equal or below 60% (as applicable), the Margin for the A Loan 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 relevant 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 75% for the LTV 1 or 60% for the LTV 2 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 8 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 day two (2) Business Days before the Utilization 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 for the Loans is calculated pursuant to the European interest rate calculation method (Eurozinsmethode) (actual/360).

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

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

Account: 7404699002

IBAN: DE33380107007404699002

BIC: PBNKDEFF

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 shall enter into an interest rate hedging agreement with Barclays as hedge counterparty (the “Hedge Counterparty”) which limits the interest exposure (excluding the Margin) under the A Loan for the full amount of that A Loan 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 under this agreement, 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.

On the Utilization Date, the Borrower shall pay to the Bank a one-time non-refundable arrangement fee in an amount of 0.50% of the aggregate amount of the Loans.

The Borrower shall pay for the respective not utilized Loans a commitment fee of 0.75% per annum in respect of the not utilized part of the Loans from the beginning of the eighth week following the signing date of this agreement which is due upon the expiration of the Utilization Period specified below in Clause 6 of this Section 3, or, if earlier, on the Utilization Date.

The obligation to pay the commitment fee ends either upon full utilization of the Loans or upon expiration of the Utilization Period specified below in Clause 6 of this Section 3. Further rights of the Bank based on the non-contractual utilization of the Loans remain unaffected.

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

Section 4

Loan Terms, Repayment and Pre-payment

in each case together with all accrued but unpaid interest, fees and costs.

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 any 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 füber das Kreditwesen — “KWG”).

In the case of a prepayment (voluntary prepayment, mandatory prepayment, upon acceleration, or otherwise) or non-utilization of the A Loan or partial A Loan amount, the Borrower shall compensate the Bank for all resulting losses, damage, reasonable costs, and reasonable expenses (including the loss due to the refinancing, which the Bank incurs when obtaining or maintaining the Loans 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 A Loan is redeemed or repaid in whole or in part before the Final Maturity Date by voluntary prepayment, or mandatory prepayment (other than pursuant to Section 8 Clause 5.(a)(ii)), the following prepayment fee shall be paid to the Bank in addition to, and independent from the Prepayment Compensation (the “Prepayment Fee”):

All amounts to be prepaid and all payment to be made for the prepayment of any Loan pursuant to the provisions of this agreement must be applied in the following order:

Section 5

Conditions for Utilization

Condition precedent for the utilization of the Loans 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 Utilization Date, but not later than 13:00 pm (German time) on the Utilization Date provided that final versions of these Closing Conditions Precedent shall be agreed five (5) Business Days before the Utilization Date.

Condition subsequent for the utilization of the Loans under this agreement is the presentation of each evidence and document within the time period listed below in the German or English language and in form and substance satisfactory to the Bank:

CS 1 – at the latest within 20 Business Days after the Utilization Date: Copies of the Account Pledge (which does not include the Cash Sweep Account and the Cash Reserve Account).

Section 6

Security

The Borrower shall at its own expense provide and create the security interests listed below in favor of the Bank (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) (together, the “Secured Claims”). The Secured Claims include capital, interest, costs, fees, claims for damages or unjust enrichment (including interest and fees that accrue after the commencement by or against the Borrower or any affiliate thereof of any proceeding under any Debtor Relief Laws naming such person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding). For the purposes of this agreement, the term “Debtor Relief Laws” means the US Debtor Relief Laws, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

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, filings or other 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 7

Information Undertakings

The Borrower undertakes:

Section 8

Financial Covenants

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

The Borrower shall maintain a Debt Yield of at least 9%, or, beginning from the second year after the Utilization Date, of at least 1 1% throughout the entire term of the Loans.

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

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 respective Loan by a single payment in an amount required to comply with the relevant LTV within 15 Business Days after being notified by the Bank of the breach.

The Borrower may, instead of making the (pre-)payments set out in above, agree to the occurrence of a Cash Sweep Event and it shall then comply with the terms of Section 11 with regard to the breach of the Debt Yield.

Section 9

Representation and Warranties

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

Except for the representation listed under Number 14 the representations and warranties listed above are repeated by the Borrower at the Utilization Date and on each Interest Payment Date and are deemed to be issued as new on the corresponding day.

Section 10

General Undertakings

Section 11

Accounts / Cash Sweep

The Borrower must maintain exclusively the following accounts in the name of the Borrower:

(the Rent Account, the Cash Reserve Account, the Cash Sweep Account and the General Account are together referred to as the “Accounts”).

The Borrower undertakes to ensure that all rental income from the Property, including payments of ancillary costs from the tenants as well as any other receivables, are exclusively paid into the Rent Account.

On each Interest Payment Date, after having satisfied any applicable payment obligations pursuant to the foregoing Clauses of this Section 11, the Borrower may pay the balance standing to the credit of the Rent Account to the General Account and dispose of them and distribute them to its shareholders if no Event of Default is outstanding and such disposals and distributions do not violate the other provisions of this agreement and the other Finance Documents.

Section 12

Events of Default / Termination

(k)

Section 13

Tax-Gross-Up and Indemnities

The indemnification obligation pursuant to paragraph (b) and (c) does not exist in relation to a FATCA Deduction required to be made by a party to this agreement or 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. Notwithstanding anything to the contrary in this paragraph, in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph the payment of which would place the indemnified party in a less favorable net after-tax position than the indemnified party would have been in if the tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such tax had never been paid. This paragraph shall not be construed to require any indemnified party to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the indemnifying party or any other person.

Section 14

FATCA

“Code” means the US Internal Revenue Code of 1986.

“FATCA” means:

“FATCA Application Date” means:

or, in each case, such other date from which such payment may become subject to a deduction or withholding required by FATCA as a result of any change in FATCA after the date of this agreement.

“FATCA Deduction” means a deduction or withholding from a payment under a Finance Document required by FATCA.

“FATCA Exempt Party” means a party to this agreement that is entitled to receive payments free from any FATCA Deduction.

“US Tax Obligor” means the Borrower if it is resident for tax purposes in the US.

supply to the Borrower:

Section 15

Assignment/Transfer of the Credit

Risk/Disclosure of Information

1.

Section 16
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

c/o Moor Park Capital Partners LLP

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

Tel: +44 (0)203 0111 581

Fax: +44 (0)20 3011 1573

Attn.: Mr Graydon Butler

Email: graydon.butler@moorparkcapital.com

C/C to American Realty Capital

Address: 405 Park Ave, 14th Floor | New York, NY 10022 | (877) 373-2522 |

T: (646) 381-0604

Fax: (212) 421-5799

Attn.: Mr Michael Ead

Email: MEad@nyrt.com

Section 17
Information under the German Mon-
ey 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.

x 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 18

Final Provisions

***

Signatures – Term Loan Facilities Agreement

Signed in the name and on behalf of the Borrower:

Signed in the name and on behalf of the Bank:

Deutsche Postbank AG

Name:			Name:

Appendix 1

Form of Utilization Request

From: ARC INGAMNE001, LLC

To: Deutsche Postbank AG

Dated:

Dear Sirs,

Utilization Request – term loan facilities agreement relating to the real estate property Haarlerbergpark, 13-23, Amsterdam Zuidoost, Netherlands dated June 23 2015 (the “Agreement”)

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

We wish to borrow the Loans pursuant to the terms of the Agreement on 30 June 2015 (proposed Utilization Date).

The Loans are to be made to partially finance the acquisition cost for the Property.

We confirm that each representation and warranty under the 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,

Appendix 2

Additional Terms and Conditions for Loans (Weitere Darlehensbedingungen)

Appendix 3

General Terms and Conditions of Business (Allgemeine Geschäftsbedingungen)