On August 1, 2018, Inland Real Estate Income Trust, Inc. entered into an amended and restated credit agreement with KeyBank National Association, individually and as administrative agent ("KeyBank"), KeyBanc Capital Markets Inc., PNC Capital Markets LLC and Merrill Lynch Pierce, Fenner & Smith Incorporated, as joint lead arrangers, and other lenders from time to time parties to the Credit Agreement (collectively, the "Lenders") for a $350 million credit facility consisting of a revolving credit facility providing initial revolving credit commitments in an aggregate amount of $200 million (the "Revolving Credit Facility") and a term loan facility providing initial term loan commitments in an aggregate amount of $150 million (the term loans funded under such commitments, the "Term Loan"). The Revolving Credit Facility includes a sublimit of $25 million for swingline loans and a sublimit of $25 million for letters of credit. The Credit Agreement provides the Company with the ability from time to time to increase the size of the Credit Facility up to a total of $700 million, subject to certain conditions. The proceeds of the Credit Facility may be used by the Company for general corporate purposes of the Company and its subsidiaries, including repayment of indebtedness, property acquisitions and permitted investments, capital expenditures, development, redevelopment, capital reserves and working capital. The Company's performance of the obligations under the Credit Agreement, including the payment of any outstanding indebtedness under the Credit Facility, is guaranteed by certain subsidiaries of the Company (the "Guarantors"), including each of the subsidiaries of the Company which owns or leases any of the properties included in the pool of unencumbered properties comprising the borrowing base, which pool is required to contain at least ten unencumbered properties with an unencumbered pool value of $200 million or more. Additional properties will be added to the pool to support amounts borrowed under the Credit Facility. The Revolving Credit Facility matures on August 1, 2022, and the Company has the option to extend the maturity date for a period of one additional year subject to the payment of an extension fee and certain other conditions. The Term Loan matures on August 1, 2023. Initially, the Company may borrow at rates equal to (i) the LIBOR base rate plus a margin ranging from 130 basis points to 210 basis points, in the case of the Revolving Credit Facility, and 125 basis points to 205 basis points, in the case of the Term Loan, depending on the Company's leverage ratio or (ii) the alternate base rate plus a margin ranging from 30 basis points to 110 basis points, in the case of the Revolving Credit Facility, and 25 basis points to 105 basis points, in the case of the Term Loan, depending on the Company's leverage ratio. LIBOR rate interest periods will be one, two, three or six months, as selected by the Company. The Company will be required to pay interest only, (x) on a monthly basis in arrears in the case of any floating rate advance and (y) on the last day of each interest period therefor in the case of any LIBOR rate advance, during the term of the Credit Facility, with all outstanding principal and unpaid interest due upon termination of the Revolving Credit Facility or Term Loan, as applicable. The Company may prepay the Credit Facility, in whole or in part in an amount not less than $1 million, at any time without fees or penalty, provided that any LIBOR borrowing prepaid on any day other than the last day of the applicable interest period is subject to the Company indemnifying each applicable Lender for any loss or cost incurred by it resulting therefrom. The Credit Facility also requires the maintenance of certain financial covenants.