**Exhibit10.30****INDEMNIFICATION AGREEMENT**          This INDEMNIFICATION AGREEMENT (the “**Agreement**”) is made and entered into as of October 23,2006, by and among Anthony W. Thompson (the “**Guarantor**”) and NNN Realty Advisors, Inc., a Delawarecorporation (the “**Company**”).**RECITALS**          A. The Guarantor is the founder of Triple Net Properties, LLC (“**Properties**”) and, prior toconsummation of the formation transactions (the “**Formation Transactions**”) pursuant to which theCompany will become the Parent company of each of Properties, NNN Capital Corp. (“**Capital Corp.**”)and Triple Net Properties Realty, Inc. (“**Realty**”), the Guarantor is the largest shareholder of eachof Properties, Realty and Capital Corp.          B. The Guarantor has previously provided personal guarantees set forth on Exhibit Aattached hereto (the “**Guarantees**”) to various lending institutions in connection with theestablishment and financing of various real estate investment funds by Properties, Realty andCapital Corp.          C. As part of the following Formation Transactions, the Company has agreed to indemnify theGuarantor for any Loss (as defined below) related to or that may arise out of any of theGuarantees.**AGREEMENT**          NOW, THEREFORE, for and in consideration of the foregoing premises, and the mutualundertakings set forth below, and other good and valuable consideration, the receipt andsufficiency of which are hereby acknowledged, the parties hereto agree as follows:     1. Indemnification by the Company.          (a) From and after completion of the Formation Transactions (other than the acquisition of NNNCapital Corp. by the Company), the Company shall save, defend, indemnify and hold harmless theGuarantor (the “**Indemnified Party**”) from and against any and all losses, damages, liabilities,deficiencies, claims, diminution of value, interest, awards, judgments, penalties, costs andexpenses (including attorneys’ fees, costs and other out-of-pocket expenses incurred ininvestigating, preparing or defending the foregoing) (hereinafter collectively, “**Losses**”), assertedagainst, incurred, sustained or suffered by the Indemnified Party as a result of, arising out of orrelating to any Guarantee, or in connection with the transactions contemplated by any Guarantee;provided that the Indemnified Party shall not be entitled to indemnification under thisAgreement as a result of any Loss asserted against, incurred, sustained or suffered by theIndemnified Party resulting from or related to any of the following agreements:     (i) Contribution Agreement dated October 23, 2006 between the Company and theIndemnified Party, relating to the contribution of all of the
 

 
shares of common stock of Triple Net Properties Realty, Inc. owned as of suchdate by the Indemnified Party;     (ii) Contribution Agreement dated October 23, 2006 between the Company and theIndemnified Party, relating to the contribution of all of the shares of common stockof NNN Capital Corp. owned as of such date by the Indemnified Party;     (iii) Contribution Agreement dated October 23, 2006 between the Company andthe Indemnified Party, relating to the contribution of all of the membership unitsof Triple Net Properties, LLC owned as of such date by the Indemnified Party; and     (iv) Escrow Agreement [to be] dated October 23, 2006 among the Company, theIndemnified Party and the Company.          (b) Payment of amounts due under this Agreement shall be made promptly upon demand by theIndemnified Party as and when incurred by wire transfer of immediately available funds to anaccount designated in writing by the Indemnified Party to the Company.     2. Termination. This Agreement shall terminate (i) if the Formation Transactions arenot consummated by December 31, 2006, (ii) upon the mutual consent of the parties or (iii) uponcancellation or discharge of all of the Guarantees.     3. Miscellaneous.          (a) The parties hereto acknowledge and agree that no third party shall have any rights andremedies with respect to this Agreement. Neither the Guarantor nor the Company shall assign,transfer or convey all or any of its rights or obligations hereunder without the prior writtenconsent of the other.          (b) Each party hereto agrees to execute such instruments and documents and to diligentlyundertake such actions as may be required in order to consummate the transaction hereincontemplated and shall use all reasonable efforts to accomplish the transaction contemplated bythis Agreement in accordance with the provisions hereof.          (c) This Agreement may be executed in two or more counterparts, each of which shall be deemedan original, but all of which shall constitute one and the same instrument.          (d) This Agreement shall be governed by and construed in accordance with California law,without giving effect to principles of conflicts of law or choice of law.          (e) This Agreement, together with the Exhibits hereto and thereto and such other documents asare contemplated hereunder or thereunder, constitutes the entire agreement of the parties inrespect of the subject matter hereof, and may not be changed or modified except by an agreement inwriting signed by the parties.
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          (f) In the event any one or more of the provisions contained in this Agreement shall, for anyreason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegalityor unenforceability shall not affect any other provision of this Agreement.[Signature Page Follows]
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          **IN WITNESS WHEREOF**, the parties have executed this Indemnification Agreement as of the datefirst written above.      **ANTHONY W. THOMPSON**