George N. Fugelsang Uses in Irrevocable Proxy Clause

Irrevocable Proxy from Voting Agreement

This Voting Agreement (this Agreement) is made and entered into as of January 22, 2013, by and among Cole Credit Property Trust II, Inc., a Maryland corporation (Cole), Cole Operating Partnership II, LP, a Delaware limited partnership (Cole Operating Partnership, and together with Cole, the Cole Parties), and the undersigned stockholder (the Stockholder) of Spirit Realty Capital, Inc., a Maryland corporation (Spirit).

Irrevocable Proxy. By execution of this Agreement, Stockholder does hereby appoint and constitute Cole, Marc E. Bromley, George N. Fugelsang and any one or more other individuals designated by Cole, and each of them individually, until the Spirit Expiration Date (at which time this proxy shall automatically be revoked), with full power of substitution and resubstitution, as Stockholders true and lawful attorneys-in-fact and irrevocable proxies, to the fullest extent of Stockholders rights with respect to the Spirit Shares and any New Spirit Shares, to vote each of the Spirit Shares and New Spirit Shares solely with respect to the matters set forth in Section 3 hereof; provided, however, the foregoing shall only be effective if Stockholder fails to be counted as present, consent or vote Stockholders Spirit Shares and New Spirit Shares in accordance with Section 3 above. Stockholder intends this proxy to be irrevocable and coupled with an interest hereafter until the Spirit Expiration Date for all purposes, including without limitation, the provisions of Section 2-507(d) of the Maryland General Corporation Law, and hereby revokes any proxy previously granted by Stockholder with respect to the Spirit Shares or New Spirit Shares. Stockholder hereby ratifies and confirms all actions that the proxies appointed hereunder may lawfully do or cause to be done in accordance with this Agreement.

Irrevocable Proxy from Voting Agreement

This Voting Agreement (this Agreement) is made and entered into as of January 22, 2013, by and among Cole Credit Property Trust II, Inc., a Maryland corporation (Cole), Cole Operating Partnership II, LP, a Delaware limited partnership (Cole Operating Partnership, and together with Cole, the Cole Parties), and the undersigned stockholder (the Stockholder) of Spirit Realty Capital, Inc., a Maryland corporation (Spirit).

Irrevocable Proxy. By execution of this Agreement, Stockholder does hereby appoint and constitute Cole, Marc E. Bromley, George N. Fugelsang and any one or more other individuals designated by Cole, and each of them individually, until the Spirit Expiration Date (at which time this proxy shall automatically be revoked), with full power of substitution and resubstitution, as Stockholders true and lawful attorneys-in-fact and irrevocable proxies, to the fullest extent of Stockholders rights with respect to the Spirit Shares and any New Spirit Shares, to vote each of the Spirit Shares and New Spirit Shares solely with respect to the matters set forth in Section 3 hereof; provided, however, the foregoing shall only be effective if Stockholder fails to be counted as present, consent or vote Stockholders Spirit Shares and New Spirit Shares in accordance with Section 3 above. Stockholder intends this proxy to be irrevocable and coupled with an interest hereafter until the Spirit Expiration Date for all purposes, including without limitation, the provisions of Section 2-507(d) of the Maryland General Corporation Law, and hereby revokes any proxy previously granted by Stockholder with respect to the Spirit Shares or New Spirit Shares. Stockholder hereby ratifies and confirms all actions that the proxies appointed hereunder may lawfully do or cause to be done in accordance with this Agreement.

Irrevocable Proxy from Voting Agreement

This Voting Agreement (this Agreement) is made and entered into as of January 22, 2013, by and among Cole Credit Property Trust II, Inc., a Maryland corporation (Cole), Cole Operating Partnership II, LP, a Delaware limited partnership (Cole Operating Partnership, and together with Cole, the Cole Parties), and the undersigned stockholder (the Stockholder) of Spirit Realty Capital, Inc., a Maryland corporation (Spirit).

Irrevocable Proxy. By execution of this Agreement, Stockholder does hereby appoint and constitute Cole, Marc E. Bromley, George N. Fugelsang and any one or more other individuals designated by Cole, and each of them individually, until the Spirit Expiration Date (at which time this proxy shall automatically be revoked), with full power of substitution and resubstitution, as Stockholders true and lawful attorneys-in-fact and irrevocable proxies, to the fullest extent of Stockholders rights with respect to the Spirit Shares and any New Spirit Shares, to vote each of the Spirit Shares and New Spirit Shares solely with respect to the matters set forth in Section 3 hereof; provided, however, the foregoing shall only be effective if Stockholder fails to be counted as present, consent or vote Stockholders Spirit Shares and New Spirit Shares in accordance with Section 3 above. Stockholder intends this proxy to be irrevocable and coupled with an interest hereafter until the Spirit Expiration Date for all purposes, including without limitation, the provisions of Section 2-507(d) of the Maryland General Corporation Law, and hereby revokes any proxy previously granted by Stockholder with respect to the Spirit Shares or New Spirit Shares. Stockholder hereby ratifies and confirms all actions that the proxies appointed hereunder may lawfully do or cause to be done in accordance with this Agreement.

Irrevocable Proxy from Voting Agreement

This Voting Agreement (this Agreement) is made and entered into as of January 22 2013, by and among Cole Credit Property Trust II, Inc., a Maryland corporation (Cole), Cole Operating Partnership II, LP, a Delaware limited partnership (Cole Operating Partnership, and together with Cole, the Cole Parties), and the undersigned stockholder (the Stockholder) of Spirit Realty Capital, Inc., a Maryland corporation (Spirit).

Irrevocable Proxy. By execution of this Agreement, Stockholder does hereby appoint and constitute Cole, Marc E. Bromley, George N. Fugelsang and any one or more other individuals designated by Cole, and each of them individually, until the Spirit Expiration Date (at which time this proxy shall automatically be revoked), with full power of substitution and resubstitution, as Stockholders true and lawful attorneys-in-fact and irrevocable proxies, to the fullest extent of Stockholders rights with respect to the Spirit Shares and any New Spirit Shares, to vote each of the Spirit Shares and New Spirit Shares solely with respect to the matters set forth in Section 3 hereof; provided, however, the foregoing shall only be effective if Stockholder fails to be counted as present, consent or vote Stockholders Spirit Shares and New Spirit Shares in accordance with Section 3 above. Stockholder intends this proxy to be irrevocable and coupled with an interest hereafter until the Spirit Expiration Date for all purposes, including without limitation, the provisions of Section 2-507(d) of the Maryland General Corporation Law, and hereby revokes any proxy previously granted by Stockholder with respect to the Spirit Shares or New Spirit Shares. Stockholder hereby ratifies and confirms all actions that the proxies appointed hereunder may lawfully do or cause to be done in accordance with this Agreement.

Irrevocable Proxy from Voting Agreement

This Voting Agreement (this Agreement) is made and entered into as of January 22 2013, by and among Cole Credit Property Trust II, Inc., a Maryland corporation (Cole), Cole Operating Partnership II, LP, a Delaware limited partnership (Cole Operating Partnership, and together with Cole, the Cole Parties), and the undersigned stockholder (the Stockholder) of Spirit Realty Capital, Inc., a Maryland corporation (Spirit).

Irrevocable Proxy. By execution of this Agreement, Stockholder does hereby appoint and constitute Cole, Marc E. Bromley, George N. Fugelsang and any one or more other individuals designated by Cole, and each of them individually, until the Spirit Expiration Date (at which time this proxy shall automatically be revoked), with full power of substitution and resubstitution, as Stockholders true and lawful attorneys-in-fact and irrevocable proxies, to the fullest extent of Stockholders rights with respect to the Spirit Shares and any New Spirit Shares, to vote each of the Spirit Shares and New Spirit Shares solely with respect to the matters set forth in Section 3 hereof; provided, however, the foregoing shall only be effective if Stockholder fails to be counted as present, consent or vote Stockholders Spirit Shares and New Spirit Shares in accordance with Section 3 above. Stockholder intends this proxy to be irrevocable and coupled with an interest hereafter until the Spirit Expiration Date for all purposes, including without limitation, the provisions of Section 2-507(d) of the Maryland General Corporation Law, and hereby revokes any proxy previously granted by Stockholder with respect to the Spirit Shares or New Spirit Shares. Stockholder hereby ratifies and confirms all actions that the proxies appointed hereunder may lawfully do or cause to be done in accordance with this Agreement.

Irrevocable Proxy from Voting Agreement

This Voting Agreement (this Agreement) is made and entered into as of January 22 2013, by and among Cole Credit Property Trust II, Inc., a Maryland corporation (Cole), Cole Operating Partnership II, LP, a Delaware limited partnership (Cole Operating Partnership, and together with Cole, the Cole Parties), and the undersigned stockholder (the Stockholder) of Spirit Realty Capital, Inc., a Maryland corporation (Spirit).

Irrevocable Proxy. By execution of this Agreement, Stockholder does hereby appoint and constitute Cole, Marc E. Bromley, George N. Fugelsang and any one or more other individuals designated by Cole, and each of them individually, until the Spirit Expiration Date (at which time this proxy shall automatically be revoked), with full power of substitution and resubstitution, as Stockholders true and lawful attorneys-in-fact and irrevocable proxies, to the fullest extent of Stockholders rights with respect to the Spirit Shares and any New Spirit Shares, to vote each of the Spirit Shares and New Spirit Shares solely with respect to the matters set forth in Section 3 hereof; provided, however, the foregoing shall only be effective if Stockholder fails to be counted as present, consent or vote Stockholders Spirit Shares and New Spirit Shares in accordance with Section 3 above. Stockholder intends this proxy to be irrevocable and coupled with an interest hereafter until the Spirit Expiration Date for all purposes, including without limitation, the provisions of Section 2-507(d) of the Maryland General Corporation Law, and hereby revokes any proxy previously granted by Stockholder with respect to the Spirit Shares or New Spirit Shares. Stockholder hereby ratifies and confirms all actions that the proxies appointed hereunder may lawfully do or cause to be done in accordance with this Agreement.