Watch the Arcade Games online guitar lesson by Jon Finn from 30 Melodic Modal Rock Licks You MUST Know
Also using a "swing 16th", This lick uses what I call "spread string" arpeggios. These are similar to open-voiced triads but are used more for 7th chord (4-note) arpeggios.
Here, you play two notes, skip one, play two more, etc. In this example, everything is played on string-set 531 (A-string, G-string, E-string) exclusively. Over the Cm7 chord, you "stack" the following arpeggios, Cm7, Ebmaj7, and Gm7. By doing so, each subsequent arpeggio adds more notes to the overall chord. By combining them, all you end up with a Cm7 with 9 and 11 added. Then, over the F9 chord, you combine the F7 and Am7b5 arpeggios to create an F9 sound.
Check the notation and tablature to get the finer details. Practice with the backing track, then invent your own version of this lick!