Exhibit 10.10

FIRST AMENDMENT TO

PURCHASE AND SALE AGREEMENT

AND JOINT ESCROW INSTRUCTIONS

THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT AND JOINT ESCROW
INSTRUCTIONS (“First Amendment”), is entered into this 19th day of May by CNLRS
ROCKWALL, L.P., a Texas limited partnership (“Seller”), and EXCEL TRUST, L.P., a
Delaware limited partnership (“Buyer”), and constitutes an amendment to that
certain Purchase and Sale Agreement and Joint Escrow Instructions, made and
entered into as of May 6, 2010, by and between Seller and Buyer (“Original
Agreement”).

WHEREAS, the parties now desire to amend the Original Agreement in certain
respects as set forth herein.

NOW, THEREFORE, for and in mutual consideration and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties agree as follows:

1. The first paragraph of Section 4.1 of the Original Agreement is hereby
deleted in its entirety and the following is substituted in lieu thereof:

Investigation Period. During the time period commencing upon the Effective Date
of this Agreement, and terminating at 11:59 p.m. on May 28, 2010, Buyer shall
have the right to conduct and complete an investigation of all matters
pertaining to the Property and Buyer’s purchase thereof including, without
limitation, the matters described in this Section 4.1.

2. Miscellaneous. Any capitalized term not defined herein shall have the meaning
ascribed to it in the Original Agreement. Any provisions in the Original
Agreement which are in conflict with this First Amendment shall be controlled by
this First Amendment. Except as amended by the provisions of this First
Amendment, the Original Agreement shall remain unchanged and in full force and
effect. The Original Agreement, as amended hereby, constitutes the sole and only
agreement of the parties hereto and supersedes any prior understanding or
written or oral agreements between the parties respecting the within subject
matter. This First Amendment may be executed in any number of identical
counterparts, each of which shall be an original, but all of which together
shall constitute one and the same instrument. The parties may rely upon faxed or
e-mailed signatures.

[SIGNATURES ON THE NEXT PAGE]

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IN WITNESS, WHEREOF, the parties hereto have executed this First Amendment as of
the date set forth above.

 

SELLER:

CNLRS ROCKWALL, L.P., a Texas limited partnership

By:

  CNLRS Equity Ventures Rockwall, Inc., a Maryland corporation, its Managing
General Partner

By:

 

/s/ Paul E. Bayer

Title:

 

Executive Vice President

Date:

  May 19, 2010

By:

  Woodmont Rockwall II, L.P., a Texas limited partnership

By:

  Woodmont Rockwall II GP, L.L.C., a Texas limited liability company, its
General Partner

By:

 

/s/ Stephen Coslik

Title:

 

Managing Member

Date:

  May 19, 2010

BUYER:

EXCEL TRUST, L.P., a Delaware limited partnership

By:

  Excel Trust, Inc., a Maryland corporation   Its General Partner

By:

 

/s/ Mark T. Burton

  Mark T. Burton

Title:

  Senior Vice President

Date:

  May 19, 2010

 

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ACKNOWLEDGMENT OF RECEIPT

A fully executed copy of this First Amendment has been received by the Escrow
Agent on this 24th day of May, 2010, and by its execution hereof, Escrow Agent
covenants and agrees to be bound by the terms of the Original Agreement, as
amended by this Agreement.

 

FIRST AMERICAN TITLE INSURANCE COMPANY

By:

 

/s/ Heather Kucala

Name:

 

Heather Kucala

Title:

 

Escrow Officer

 

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