Eighth Amendment to Credit Agreement

Essential Properties Realty Trust, Inc. (Company), through its operating partnership Essential Properties, L.P., entered into an eighth amendment to its Amended and Restated Credit Agreement with Wells Fargo Bank, National Association. The amendment increases the commitments under the Revolving Credit Facility from $1.0 billion to $1.3 billion. Key changes include a reduction in the pricing set forth in the margin grid for the Revolving Credit Facility and term loans, the release of Subsidiary Guarantors from their Guarantee Obligations and as Loan Parties, and a reset of the accordion feature to permit $700.0 million of availability. Concurrently, the Company repaid its obligations under the Capital One Credit Agreement and terminated that agreement.