Exhibit 10.10
 
SEVENTH AMENDMENT
TO THE
MANAGEMENT AGREEMENT
 
This seventh amendment  (this “Amendment”) to that certain Management Agreement
dated January 25, 2008 as amended by the Amendment to the Management Agreement,
dated April 30, 2008, as further amended by the Second Amendment to the
Management Agreement, dated May 30, 2008, as further amended by the Third
Amendment to the Management Agreement, dated as of September 16, 2008, as
further amended by the Fourth Amendment to the Management Agreement, dated as of
October 23, 2006, as further amended by the Fifth Amendment to the Management
Agreement, dated as of October 23, 2006, and as further amended by the Sixth
Amendment to the Management Agreement, dated as of July, 8, 2009 (collectively,
the “Agreement”) is made and entered into as of the 17th day of July, 2009, by
and among AMERICAN REALTY CAPITAL TRUST, INC., a Maryland corporation (the
“Company”), AMERICAN REALTY CAPITAL OPERATING PARTNERSHIP, L.P., a Delaware
limited partnership (the “OP”, and together with the Company, the “Owner”), ARC
WGSEATX001, LLC, a Delaware limited liability company (the “Walgreen’s Sealy
Owner”) and AMERICAN REALTY CAPITAL PROPERTIES, LLC, a Delaware limited
liability company (the “Manager”).

WHEREAS, the OP was organized to acquire, own, operate, lease and manage real
estate properties on behalf of the Company;

WHEREAS, the Walgreen’s Sealy Owner is a subsidiary of the OP and was organized
to acquire, own, operate, lease and manage the real estate property, identified
in Exhibit A hereto, on behalf of the OP (the “Walgreen’s Sealy Property”);

WHEREAS, the Company intends to continue to raise money from the sale of its
common stock to be used, net of payment of certain offering costs and expenses,
for investment in the acquisition or rehabilitation of income-producing real
estate to be acquired and held by the Company, by the OP or by the Subsidiary
Owners on behalf of the Company; and

WHEREAS, Owner and the Subsidiary Owners (defined below) wish to retain Manager
to manage and coordinate the leasing of the real estate properties acquired by
Owner and the Subsidiary Owners, and the Manager wishes to be so retained, all
under the terms and conditions set forth in this Management Agreement.
 
NOW, THEREFORE, in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound hereby, do hereby agree as
follows:

1.             Section 1.11 will be replaced in its entirety with the following:

“Properties means all real estate properties owned by Owner or the Subsidiary
Owners, and all tracts as yet unspecified but to be acquired by Owner or the
Subsidiary Owners containing income-producing Improvements or on which Owner or
the Subsidiary Owners will rehabilitate income-producing Improvements, the
Rockland Properties, the National City Property, the Pompano Property, the PNC
Property, the FedEx Property and the Walgreen’s Sealy Property.  Properties
shall be classified under four categories, residential, retail, industrial and
office properties.”

 
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2.             Section 1.13 will be added with the following:

“Subsidiary Owners” means, collectively, ARC ROCK17MA LLC, a Delaware limited
liability company (the “Rockland Owner”), ARC WBPCFL0001, LLC,  a Delaware
limited liability company (the “National City Owner”), ARC WBPBFL0001, LLC,  a
Delaware limited liability company (the “Pompano Owner”), ARC PANJOH54 LLC, a
Delaware limited liability company (the “PNC1 Owner”), ARC PA-QRS Trust, a
Virginia business trust (the “PNC2 Owner”), ARC FEHOUTX 001 LLC, a Delaware
limited liability company (the “FedEx Owner”) and the Walgreen’s Sealy Owner.

3.            With respect to the Walgreen’s Sealy Property alone, all
references to Owner herein shall be deemed to include the Walgreen’s Sealy
Owner.

[INTENTIONALLY LEFT BLANK]

 
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IN WITNESS WHEREOF, the parties have executed this Amendment as of the date
first above written.
 

 
AMERICAN REALTY CAPITAL TRUST, INC.
        By:  /s/ William M. Kahane  
Name:
William M. Kahane
 
Title:
President
                   
AMERICAN REALTY CAPITAL
 
OPERATING PARTNERSHIP, L.P.
        By: American Realty Capital Trust, Inc.,    
its General Partner
        By:  /s/ William M. Kahane  
Name:
William M. Kahane
 
Title:
President
                    AMERICAN REALTY CAPITAL PROPERTIES, LLC         By:  /s/
William M. Kahane  
Name:
William M. Kahane
 
Title:
President
             
ARC WGSEATX001 LLC
 
a Delaware limited liability company
              By:  /s/ William M. Kahane  
Name:
William M. Kahane
 
Title:
President

 
 
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EXHIBIT A
 

List of Properties

 
PropertyNo.
 
Address
 
City
 
State
 
Owner
1.
1808 Meyer Street
Sealy
Texas
ARC WGSEATX001, LLC

 
 
 
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