ContractSubordinate Promissory Note • March 30th, 2015 • Cole Real Estate Income Strategy (Daily Nav), Inc. • Real estate investment trusts • Arizona
THE INDEBTEDNESS EVIDENCED BY THIS INSTRUMENT IS SUBORDINATED TO THE PRIOR PAYMENT IN FULL OF THE LENDER DEBT (AS DEFINED IN THE SUBORDINATION AGREEMENT HEREINAFTER REFERRED TO) PURSUANT TO, AND TO THE EXTENT PROVIDED IN, THE SUBORDINATION AGREEMENT DATED AS OF DECEMBER 16, 2014, AS AMENDED, AMONG COLE REAL ESTATE INCOME STRATEGY (DAILY NAV), INC., COLE REAL ESTATE INCOME STRATEGY (DAILY NAV) OPERATING PARTNERSHIP, LP, SERIES C, LLC AND JPMORGAN CHASE BANK, N.A., AS ADMINISTRATIVE AGENT (THE “SUBORDINATION AGREEMENT”).
