Return via Standard Mail

Macquarie CNL Global Income Trust, Inc.

c/o Boston Financial Data Services

P.O. Box 8562

Boston, MA 02266-8562

Return via Overnight Delivery

Macquarie CNL Global Income Trust, Inc.

c/o Boston Financial Data Services

30 Dan Road, Suite 8562

Canton, MA 02021-2809

CNL Client Services

Toll-Free (866) 650-0650

Fax (877) 694-1116

Macquarie CNL Global Income Trust, Inc.

Investment

Make check payable to

Macquarie CNL

Global Income Trust,

Inc. or the custodian of

record for qualified plan

investments.

This is an (select one)

¨  Initial Investment     ¨  Additional Purchase     ¨ Net of Commissions Purchase* ($9.00 per share)

*  Attach a Net-of-Commission affirmation letter, completed and signed by your Broker Dealer.

We do not accept cash,

money orders, starter or

counter checks, third-

party checks and traveler’s

checks.

Amount of Subscription $

Number of Shares

If a check received from an investor is returned for insufficient funds or otherwise not honored, Macquarie CNL Global Income Trust, Inc. may return the check with no attempt to redeposit, and any issuance of the shares or declaration of distributions on shares may be rescinded or redeemed. Macquarie CNL Global Income Trust, Inc. may reject any subscription, in whole or in part, in its sole discretion.

Investor Information

Name(s) and address will

be recorded exactly as

printed.

Please print name(s) in

which shares are to be

registered.

Investor Name/Trustee

Co-Investor Name/Trustee (if applicable)

Street Address (required) ¨ If subsequent purchase, check here if new address.

Zip Code

        Evening Phone Number

Optional Mailing Address

Zip Code

All accounts must select

one type of citizenship and

answer the backup with-

holding question.

Citizenship        ¨ U.S. citizen         ¨ U.S. citizen residing outside the U.S., Country___________

                            ¨ Resident Alien

I am subject to backup withholding  ¨  YES    ¨  NO

For Custodial Accounts Only

Name

Custodian/Brokerage Acct. Number

Zip Code

Form of Ownership

Non-Custodial – Single Signature (minimum investment $5,000):

*Fill out Transfer on Death

 Form to effect designation.

 Transfer on Death Form

 available on

 www.MacquarieCNLGlo-

 ba1IncomeTrust.com.

¨ Community Property

¨ Taxable Trust        ¨ Tax Exempt Trust

Name of Trust

¨ Traditional IRA    ¨ ROTH IRA    ¨ SEP/IRA    ¨ Rollover IRA    ¨ Beneficial IRA

Beneficial IRA Decedent Name

¨ Uniform Transfers to Minors Act, State of ________________ DOB of Minor _____________

Other

¨ Corporation  ¨ Partnership  ¨ Non-Profit Organization  ¨ Profit Sharing Plan  ¨ Pension Plan

Name of Corporation/Plan Name/Other

Distributions Instructions

Select only one option.

¨ Send distributions to investor address shown in Section 2

¨ Reinvest in Macquarie CNL Global Income Trust, Inc. shares (See prospectus for more details)

¨ Direct Deposit cash (non-custodian investors only; Provide information requested below)

Complete this section to

direct your distributions

to our Reinvestment Plan

(DRP) or to deposit them

directly into your account.

IRA accounts may not

direct distributions

without the Custodian’s approval.

I authorize Macquarie CNL Global Income Trust, Inc. or its Agents (collectively, the “REIT”) to deposit my distribution to my checking, savings or brokerage account. This authority will remain in force until I notify the REIT in writing to cancel it. In the event that the REIT deposits funds erroneously into my account, it is authorized to debit my account for an amount not to exceed the amount of the erroneous deposit.

Financial Institution

Address

City

Select One Account Type.

(For Direct Deposit Only)

¨ Checking (please include a voided check) ¨ Savings    ¨ Brokerage or other

Account Number

Automatic Purchases

Complete the following information if you

wish to authorize addi-

tional investments in

Macquarie CNL Global Income Trust, Inc. via automatic debits from

your bank account.

Each investor who elects to participate in the automatic purchase plan agrees that the agreements, representations and warranties made by the investor in this Subscription Agreement apply to all additional purchases made under the plan including that the investor meets the suitability standards in the Prospectus (as defined herein) and this Subscription Agreement. The investor also acknowledges and understands that the notices set forth in this Subscription Agreement also apply to additional purchases made under the automatic purchase plan. See the Prospectus (as defined herein) for plan details. Alabama, Nebraska and Ohio residents are not eligible to participate in the automatic purchase plan.

I wish to make an automatic purchase (min of $25 per month or $75 per quarter) in the amount of:

$

¨ I prefer a monthly automatic debit (on the last business day of each month).

¨ I prefer a quarterly automatic debit (on the last business day of each quarter).

¨ Savings (please include a deposit slip)

Account Number

Please attach a voided

check or deposit slip.

Please enclose a voided check or deposit slip for the appropriate account to participate in the automatic purchase plan. By enclosing a voided check or deposit slip you authorize the REIT to begin making electronic debits from the checking or savings account designated by the enclosed voided check or deposit slip on the last business day of each month or quarter. Such deductions and investments will continue until you notify the REIT in writing to change or discontinue them. Should your checking or savings account contain insufficient funds to cover the authorized deduction, no deduction or investment will occur. In such event, your bank may charge you a fee for insufficient funds.

six

Electronic Delivery

¨ Electronic Delivery – I hereby request that Macquarie CNL Global Income Trust, Inc. deliver all stockholder communications (including proxy statements, annual and quarterly reports, prospectus supplements, investor communications, account statements*, tax forms and other required reports) to me by sending electronic notifications to the email address I have provided below. I understand that I may revoke my request for electronic delivery at any time by calling (866) 650–0650.

*Electronic delivery of account statements are not available to investors electing to receive a check by mail.

Email Address

Subscriber Signatures

Please separately initial

each of the representata-

tions below. Except in the

case of fiduciary accounts,

you may not grant any

person a power of attorney

to make such representa-

tions on your behalf.

a)     

b)    

I have (i) a net worth (does not include home, furnishings and personal automobiles) of at least $250,000 or (ii) a net worth (as described above) of at least $70,000 and a gross annual income of at least $70,000.

If applicable, I also meet the additional suitability requirements imposed by my state of primary residence as set forth in the Prospectus (as defined herein) under the sections described in the Prospectus and entitled “Suitability Standards” and “How to Subscribe.” (Applies to Alabama, California, Iowa, Kentucky, Massachusetts, Michigan, Missouri, Ohio, Oregon, Pennsylvania and Tennessee investors.)

If applicable, I acknowledge the recommendation imposed by the states of Kansas and Massachusetts, one of which is my primary residence, that my aggregate investments in Macquarie CNL Global Income Trust, Inc. and similar direct participation investments do not exceed 10% of my “liquid net worth,” which for these purposes is defined as that portion of net worth that consists of cash, cash equivalents and readily marketable securities.

c)     

I acknowledge that there is no public market for the shares and thus my investment in the shares is not liquid.

d)    

I am purchasing the shares for my own account and if I am purchasing shares on behalf of a trust or other entity of which I am trustee or authorized agent I have due authority to execute this subscription agreement and do hereby legally bind the trust or other entity of which I am trustee or authorized agent.

e)     

I am not a resident of the State of Pennsylvania.

The Internal Revenue Service does not require your consent to any provision of this document other than this certification, which is required to avoid backup withholding.

Signature of Investor – OR – Beneficial Owner

Signature of Co-Investor – OR – Custodian

Broker/Financial Advisor Information & Signature

The Financial Advisor (“FA”) or Registered Representative hereby warrants that it is duly licensed and may lawfully sell shares in the state designated as the investor’s legal residence.

Participating Broker-Dealer Name Check if recently employed by new B/D

Financial Advisor – OR – Registered Representative Name

Mailing Address    ¨ Check if updated address

City

State        

Zip Code            

Telephone

Fax

Email Address

THE FINANCIAL ADVISOR OR REGISTERED REPRESENTATIVE MUST SIGN BELOW.

The undersigned confirms by its signature that it (i) has reasonable grounds to believe that the information and representations concerning the investor identified herein are true, correct and complete in all respects; (ii) has verified that the form of ownership selected is accurate and, if other than individual ownership, has verified that the individual executing on behalf of the investor is properly authorized and identified; (iii) has discussed such investor’s prospective purchase of shares with such investor; (iv) has advised such investor of all pertinent facts with regard to the liquidity and marketability of the shares; (v) has delivered the prospectus contained in the REIT’s registration statement (File No. 333-158478) on file with the Securities and Exchange Commission (as amended or supplemented, the “Prospectus”) to such investor; and (vi) has reasonable grounds to believe that the purchase of shares is a suitable investment for such investor, that such investor meets the suitability standards applicable to such investor set forth in the Prospectus and related supplements, if any, and that such investor is in a financial position to enable such investor to realize the benefits of such an investment and to suffer any loss that may occur with respect thereto. The above-identified entity, acting in its capacity as agent, Advisor and/or Broker/Dealer, has performed functions required by federal and state securities laws and FINRA rules and regulations, including, but not limited to Know Your Customer, Suitability and PATRIOT Act (AML, Customer Identification) as required by their relationship with the subscriber(s) identified on this document.

THIS SUBSCRIPTION AGREEMENT AND ALL RIGHTS HEREUNDER SHALL BE GOVERNED BY, AND INTERPRETED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF MARYLAND.

The names “Macquarie” and “Macquarie Group” refer to Macquarie Group Limited (ABN 94 122 169 279) and its direct and indirect subsidiaries, including Macquarie Bank Limited (ABN 46 008 583 542) and Macquarie Capital Funds Inc. Macquarie Bank Limited maintains representative offices in several jurisdictions in the United States, however, neither Macquarie Group Limited nor Macquarie Bank Limited is authorized to conduct banking business in the United States.

I understand this Subscription Agreement is for the offering of Macquarie CNL Global Income Trust, Inc.

Signature of Financial Advisor – OR – Registered Representative

Signature of Branch Manager

Return via Standard Mail

Macquarie CNL Global Income Trust, Inc.

c/o Boston Financial Data Services

P.O. Box 8562

Boston, MA 02266-8562

Return via Overnight Delivery

Macquarie CNL Global Income Trust, Inc.

c/o Boston Financial Data Services

30 Dan Road, Suite 8562

Canton, MA 02021-2809

CNL Client Services

Toll-free (866) 650-0650

Fax (877) 694-1116