EX-10.3






THIRD AMENDMENT TO AGREEMENT FOR PURCHASE

AND SALE OF REAL PROPERTY AND ESCROW INSTRUCTIONS




THIS THIRDAMENDMENT TO AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY AND ESCROW
INSTRUCTIONS (this “Amendment”) is made as of January 18, 2006, among TREIT-RENO TRADEMARK, LLC, a
Nevada limited liability company (“TREIT-Reno”), NNN RENO TRADEMARK 1, LLC, a Nevada limited
liability company (“RT1”), NNN RENO TRADEMARK 2, LLC, a Nevada limited liability company (“RT2”),
NNN RENO TRADEMARK 3, LLC, a Nevada limited liability company (“RT3”), NNN RENO TRADEMARK 4, LLC, a
Nevada limited liability company (“RT4”), NNN RENO TRADEMARK 5, LLC, a Nevada limited liability
company (“RT5”), NNN RENO TRADEMARK 6, LLC, a Nevada limited liability company (“RT6”), NNN RENO
TRADEMARK 7, LLC, a Nevada limited liability company (“RT7”), NNN RENO TRADEMARK 8, LLC, a Nevada
limited liability company (“RT8”), NNN RENO TRADEMARK 9, LLC, a Nevada limited liability company
(“RT9” and together with TREIT-Reno, RT1, RT2, RT3, RT4, RT5, RT6, RT7 and RT8, collectively, the
“Sellers”) and Skyline-Trademark, LLC, a Delaware limited liability company (the “Buyer”).



RECITALS



Sellers and Buyer entered into that certain Agreement for Purchase and Sale of Real Property
and Escrow Instructions dated August 18, 2005, as amended (the “Contract”) with respect to certain
property located at 795 Trademark Drive, Reno, Nevada as more particularly described in the
Contract.



Sellers and Buyer desire to amend the Contract to reduce the purchase price.



AGREEMENT



FOR and in consideration of the premises and other good and valuable consideration the receipt
and sufficiency of which are hereby acknowledged, the parties agree that the purchase price is
reduced by $325,000.




This Amendment may be executed in multiple counterparts, each of which shall be an original
and all of which together shall constitute but one and the same instrument.




Except as modified hereby, the parties ratify and affirm the Contract and acknowledge that
the Contract is in full force and effect.



WITNESS the following signatures:



1



SELLERS:



TREIT, Reno Trademark, LLC



a Nevada limited liability company



	 	 	 	 	 
	By:

	 	Triple Net Properties, LLC,
	 	

	 
	 	 	 	 
	 	 	a Virginia limited liability company,

	 
	 	 	 	 
	
 
	 	its Manager
	 	

	 
	 	 	 	 
	
 
	 	By:
	 	/s/ ANTHONY W. THOMPSON
	
 
	 	 	 	 
	
 
	 	Its:
	 	Anthony W. Thompson

CEO
	 
	 	 	 	 






2




NNN Reno Trademark 1, LLC,



a Nevada limited liability company



	 	 	 	 	 
	By:

	 	Triple Net Properties, LLC,
	 	

	 
	 	 	 	 
	 	 	a Virginia limited liability company,

	 
	 	 	 	 
	
 
	 	its Vice President
	 	

	 
	 	 	 	 
	
 
	 	By:
	 	/s/ ANTHONY W. THOMPSON
	
 
	 	 	 	 
	
 
	 	Its:
	 	Anthony W. Thompson

CEO
	 
	 	 	 	 






3




NNN Reno Trademark 2, LLC,



a Nevada limited liability company



	 	 	 	 	 
	By:

	 	Triple Net Properties, LLC,
	 	

	 
	 	 	 	 
	 	 	a Virginia limited liability company,

	 
	 	 	 	 
	
 
	 	its Vice President
	 	

	 
	 	 	 	 
	
 
	 	By:
	 	/s/ ANTHONY W. THOMPSON
	
 
	 	 	 	 
	
 
	 	Its:
	 	Anthony W. Thompson

CEO
	 
	 	 	 	 






4




NNN Reno Trademark 3, LLC,



a Nevada limited liability company



	 	 	 	 	 
	By:

	 	Comet Realty Corp.,

a New York corporation,

its Sole member
	 	





	 
	 	 	 	 
	
 
	 	By:
	 	Triple Net Properties, LLC,

a Virginia limited liability company,

its Vice President






By:/s/ ANTHONY W. THOMPSON



5




	 	 	 	 	 
	 	 	 	 	 	Anthony W. Thompson
	 	 	Its:	 	 	CEO





NNN Reno Trademark 4, LLC,



a Nevada limited liability company



By: El Cerrito Mill & Lumber Co.,



a California corporation, By: Jack Freethy, VP & CEO and By: Marylee Kollehner, Secretary



	 	 	 
	By:

	 	Triple Net Properties, LLC,

a Virginia limited liability company,

its Vice President






By:/s/ ANTHONY W. THOMPSON



6




	 	 	 
	 	 	 	 	 	Anthony W. Thompson
	 	 	Its:	 	 	CEO





NNN Reno Trademark 5, LLC,



a Nevada limited liability company



	 	 	 	 	 
	By:

	 	Triple Net Properties, LLC,
	 	

	 
	 	 	 	 
	 	 	a Virginia limited liability company,

	 
	 	 	 	 
	
 
	 	its Vice President
	 	

	 
	 	 	 	 
	
 
	 	By:
	 	/s/ ANTHONY W. THOMPSON
	
 
	 	 	 	 
	
 
	 	Its:
	 	Anthony W. Thompson

CEO
	 
	 	 	 	 






7




NNN Reno Trademark 6, LLC,



a Nevada limited liability company



	 	 	 	 	 
	By:	 	The Norma A. Tyler Trust dated 6/17/94,

	 
	 	 	 	 
	
 
	 	its Sole member
	 	

	 
	 	 	 	 
	
 
	 	By:
	 	Triple Net Properties, LLC,

a Virginia limited liability company,

its Vice President






By:/s/ ANTHONY W. THOMPSON



8




	 	 	 	 	 
	 	 	 	 	 	Anthony W. Thompson
	 	 	Its:	 	 	CEO





NNN Reno Trademark 7, LLC,



a Nevada limited liability company



	 	 	 	 	 
	By:

	 	Triple Net Properties, LLC,
	 	

	 
	 	 	 	 
	 	 	a Virginia limited liability company,

	 
	 	 	 	 
	
 
	 	its Vice President
	 	

	 
	 	 	 	 
	
 
	 	By:
	 	/s/ ANTHONY W. THOMPSON
	
 
	 	 	 	 
	
 
	 	Its:
	 	Anthony W. Thompson

CEO
	 
	 	 	 	 






9




NNN Reno Trademark 8, LLC,



a Nevada limited liability company



	 	 	 	 	 
	By:

	 	Triple Net Properties, LLC,
	 	

	 
	 	 	 	 
	 	 	a Virginia limited liability company,

	 
	 	 	 	 
	
 
	 	its Vice President
	 	

	 
	 	 	 	 
	
 
	 	By:
	 	/s/ ANTHONY W. THOMPSON
	
 
	 	 	 	 
	
 
	 	Its:
	 	Anthony W. Thompson

CEO
	 
	 	 	 	 






10




NNN Reno Trademark 9, LLC,



a Nevada limited liability company



	 	 	 	 	 	 	 	 	 
	
 
	 	 	 	By:
	 	Triple Net Properties, LLC,
	 	

	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	a Virginia limited liability company,

	 
	 	 	 	 	 	 	 	 
	
 
	 	 	 	 	 	its Vice President
	 	

	 
	 	 	 	 	 	 	 	 
	
 
	 	 	 	 	 	By:
	 	/s/ ANTHONY W. THOMPSON
	
 
	 	 	 	 	 	 	 	 
	
 
	 	 	 	 	 	Its:
	 	Anthony W. Thompson

CEO
	 
	 	 	 	 	 	 	 	 






11




	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	BUYER:	 	Skyline-Trademark, LLC,
	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	a Delaware limited liability company
	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	
 
	 	By:
	 	Skyline, LP,
	 	

	 	

	 
	 	 	 	 	 	 	 	 
	 	 	 	 	a limited partnership, its manager
	 	 
	 
	 	 	 	 	 	 	 	 
	
 
	 	 	 	By:
	 	RK Skyline Mgr., LLC,

a limited liability company,

its general partner
	 	





	 
	 	 	 	 	 	 	 	 
	
 
	 	 	 	 	 	By:
	 	/s/ RICK KATZENBACH
	
 
	 	 	 	 	 	 	 	 






	 	 	 	 	 	 	 	 	 
	 	 	Name:	 	 	Rick Katzenbach
	 	 	Its:	 	 	Manager/Member





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