Exhibit 10.12
 
NINTH AMENDMENT
TO THE
MANAGEMENT AGREEMENT
 
This ninth 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, as further amended by the Sixth
Amendment to the Management Agreement, dated as of July, 8, 2009, as further
amended by the Seventh Amendment to the Management Agreement, dated as of July,
17, 2009, and as further amended by the Eighth Amendment to the Management
Agreement, dated as of September 18, 2009 (collectively, the “Agreement”) is
made and entered into as of the 19th  day of November, 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”), and those
certain Delaware limited liability companies listed on Schedule 2 attached
hereto (the “CVS 15 Owners”) 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 CVS 15 Owners are each a subsidiary of the OP and each was
organized to acquire, own, operate, lease and manage the respective real estate
property, identified in Exhibit A hereto, on behalf of the OP (the “CVS 15
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 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, the Walgreen’s Sealy Property, the CVS 10 Property
and the CVS 15 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”), ARC WGSEATX001, LLC, a Delaware
limited liability company (the “Walgreen’s Sealy Owner”), those certain Delaware
limited liability companies listed on Schedule 1 attached hereto (the “CVS 10
Owners”) and the CVS 15 Owners.

3.
With respect to the CVS 15 Property alone, all references to Owner herein shall
be deemed to include the CVS 15 Owners.

[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 CVGNVFL001, LLC
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President
 
 
ARC CVJKVFL001, LLC
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President
 
 
ARC CVCRDNC001, LLC
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President

 

 
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ARC CVCSTIN001, LLC
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President
 
 
ARC CVHSVMO001, LLC
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President
 
 
ARC CVHLSNC001, LLC
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President
 
ARC CVWKTNC001, LLC
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President
 
 
ARC CVEELGA001, LLC
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President
 
 
ARC CVAUBAL001, LLC
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President
 
ARC CVBPKMN001, LLC
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President
 
 

 
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ARC CVRNONV001, LLC
 
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President
 
 
ARC CVBIDME001, LLC
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President
 
 
ARC CVPRACA001, LLC
 
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President
 
 
ARC CVCHAAZ001, LLC
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President
 
 
ARC CVROMGA001, LLC
 
By: /s/ William M. Kahane
Name: William M. Kahane
Title: President

 
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SCHEDULE 1

List of CVS 10 Entities

 

 
ARC CVPHXAZ001, LLC
ARC CVVISCA001, LLC
ARC CVSMYGA001, LLC
ARC CVCHIIL001, LLC
ARC CVMOLIL001, LLC
ARC CVNVLMI001, LLC
ARC CVASHNC001, LLC
ARC CVWILNY001, LLC
ARC CVCOLSC001, LLC
ARC CVCOPTX001, LLC

 

 

 
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SCHEDULE 2

List of CVS 15 Entities
 
ARC CVGNVFL001, LLC
ARC CVJKVFL001, LLC
ARC CVCRDNC001, LLC
ARC CVCSTIN001, LLC
ARC CVHSVMO001, LLC
ARC CVHLSNC001, LLC
ARC CVWKTNC001, LLC
ARC CVEELGA001, LLC
ARC CVAUBAL001, LLC
ARC CVBPKMN001, LLC
ARC CVRNONV001, LLC
ARC CVBIDME001, LLC
ARC CVPRACA001, LLC
ARC CVCHAAZ001, LLC
ARC CVROMGA001, LLC

 
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EXHIBIT A

List of Properties

 
Property No.
 
Address
 
City
 
State
 
Owner
1.
4145 NW 53rd Ave
Gainesville
FL
ARC CVGNVFL001, LLC
2.
50 Duval Station Road
Jacksonville
FL
ARC CVJKVFL001, LLC
3.
612 N. Main Street
Creedmoor
NC
ARC CVCRDNC001, LLC
4.
505 County Road 1100 N
Chesterton
IN
ARC CVCSTIN001, LLC
5.
300 S. Commercial
Harrisonville
MO
ARC CVHSVMO001, LLC
6.
151 Village Walk Drive
Holly Springs
NC
ARC CVHLSNC001, LLC
7.
5211 Neal Trail Dr.
Walkertown
NC
ARC CVWKTNC001, LLC
8.
601 Howard Simmons Rd
East Ellijay
GA
ARC CVEELGA001, LLC
9.
1888 Ogletree Road
Auburn
AL
ARC CVAUBAL001, LLC
10.
7996 Brooklyn Boulevard
Brooklyn Park
MN
ARC CVBPKMN001, LLC
11.
1081 Steamboat Pkwy
Reno
NV
ARC CVRNONV001, LLC
12.
384 Elm St.
Biddeford
ME
ARC CVBIDME001, LLC
13.
9256 E. Slauson Ave.
Pico Rivera
CA
ARC CVPRACA001, LLC
14.
180 N Dobson Rd.
Chandler
AZ
ARC CVCHAAZ001, LLC
15.
1905 Martha Berry Blvd
Rome
GA
ARC CVROMGA001, LLC

 

 
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