----

| (Local                Currency-Single Jurisdiction) | Exhibit                10.22 |
|-----------------------------------------------------|------------------------------|

| KeyBank                National Association | and | Hartman                REIT Operating Partnership,L.P.                and Hartman REIT OperatingPartnership                III LP |
|---------------------------------------------|-----|-----------------------------------------------------------------------------------------------------------------------------------|
|                                        |

| **1.** | **Interpretation** |
|--------|--------------------|

***Definitions***

***Inconsistency***

***Single      Agreement***

| **2.** | **Obligations** |
|--------|-----------------|

***General      Conditions***

|   | (i) | Each                party will make each payment or delivery specified in each Confirmation                to                be made by it, subject to the other provisions of this                Agreement. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | Payments                under this Agreement will be made on the due date for value on that                date                in the place of the account specified in the relevant Confirmation                or                otherwise pursuant to this Agreement, in freely transferable funds                and in                the manner customary for payments in the required currency. Where                settlement is by delivery (that is, other than by payment), such                delivery                will be made for receipt on the due date in the manner customary                for the                relevant obligation unless otherwise specified in the relevant                Confirmation or elsewhere in this                Agreement. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (iii) | Each                obligation of each party under Section 2(a)(i) is subject to (1)                the                condition precedent that no Event of Default or Potential Event of                Default                with respect to the other party has occurred and is continuing, (2)                the                condition precedent that no Early Termination Date in respect of                the                relevant Transaction has occurred or been effectively designated                and (3)                each other applicable condition precedent specified in this                Agreement. |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Change      of Account***

***Netting***

|   | (i) | in                the same currency; and |
|--------|-----|------------------------------------------|

|   | (ii) | in                respect of the same Transaction |
|--------|------|---------------------------------------------------|

***Default      Interest; Other Amounts***

----

**3.    Representations**

***Basic      Representations***

|   | (i) | ***Status***.                It is duly organised and validly existing under the laws of the                jurisdiction of its organisation or incorporation and, if relevant                under                such laws, in good standing; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | ***Powers***.                It has the power to execute this Agreement and any other documentation                relating to this Agreement to which it is a party, to deliver this                Agreement and any other documentation relating to this Agreement                that it                is required by this Agreement to deliver and to perform its obligations                under this Agreement and any obligations it has under any Credit                Support                Document to which it is a party and has taken all necessary action                to                authorise such execution, delivery and                performance; |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | ***No                Violation or Conflict***.                Such execution, delivery and performance do not violate or conflict                with                any law applicable to it, any provision of its constitutional documents,                any order or judgment of any court or other agency of government                applicable to it or any of its assets or any contractual restriction                binding on or affecting it or any of its                assets; |
|--------|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | ***Consents***.                All governmental and other consents that are required to have been                obtained by it with respect to this Agreement or any Credit Support                Document to which it is a party have been obtained and are in full                force                and effect and all conditions of any such consents have been complied                with; and |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | ***Obligations                Binding***.                Its obligations under this Agreement and any Credit Support Document                to                which it is a party constitute its legal, valid and binding obligations,                enforceable in accordance with their respective terms (subject to                applicable bankruptcy, reorganisation, insolvency, moratorium or                similar                laws affecting creditors' rights generally and subject, as to                enforceability, to equitable principles of general application (regardless                of whether enforcement is sought in a proceeding in equity or at                law)). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Absence      of Certain Events***

***Absence      of Litigation***

----

***Accuracy      of Specified Information***

| **4.** | **Agreements** |
|--------|----------------|

***Furnish      Specified Information***

***Maintain      Authorisations***

***Comply      with Laws***

| **5.** | **Events                of Default and Termination                Events** |
|--------|----------------------------------------------------------------------------|

***Events      of Default***

|   | (i) | ***Failure                to Pay or Deliver***.                Failure by the party to make, when due, any payment under this Agreement                or delivery under Section 2(a)(i) or 2(d) required to be made by                it if                such failure is not remedied on or before the third Local Business                Day                after notice of such failure is given to the                party; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | ***Breach                of Agreement***.                Failure by the party to comply with or perform any agreement or obligation                (other than an obligation to make any payment under this Agreement                or                delivery under Section 2(a)(i) or 2(d) or to give notice of a Termination                Event) to be complied with or performed by the party in accordance                with                this Agreement if such failure is not remedied on or before the thirtieth                day after notice of such failure is given to the                party; |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | ***Credit                Support Default***. |
|--------|-------|----------------------------------------------|

|   | (1) | Failure                by the party or any Credit Support Provider of such party to comply                with                or perform any agreement or obligation to be complied with or performed                by                it in accordance with any Credit Support Document if such failure                is                continuing after any applicable grace period has                elapsed; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (2) | the                expiration or termination of such Credit Support Document or the                failing                or ceasing of such Credit Support Document to be in full force and                effect                for the purpose of this Agreement (in either case other than in accordance                with its terms) prior to the satisfaction of all obligations of such                party                under each Transaction to which such Credit Support Document relates                without the written consent of the other party;                or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | the                party or such Credit Support Provider disaffirms, disclaims, repudiates                or                rejects, in whole or in part, or challenges the validity of, such                Credit                Support Document. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | ***Misrepresentation***.                A                representation made or repeated or deemed to have been made or repeated                by                the party or any Credit Support Provider of such party in this Agreement                or any Credit Support Document proves to have been incorrect or misleading                in any material respect when made or repeated or deemed to have been                made                or repeated; |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | ***Default                under Specified Transaction***.                The party, any Credit Support Provider of such party or any applicable                Specified Entity of such party (1) defaults under a Specified Transaction                and, after giving effect to any applicable notice requirement or                grace                period, there occurs a liquidation of, an acceleration of obligations                under, or an early termination of, that Specified Transaction, (2)                defaults, after giving effect to any applicable notice requirement                or                grace period, in making any payment or delivery due on the last payment,                delivery or exchange date of, or any payment on early termination                of, a                Specified Transaction or such default continues for at least three                Local Business Days if there is no applicable notice requirement                or grace                period) or (3) disaffirms, disclaims, repudiates or rejects, in whole                or                in part, a Specified Transaction (or such action is taken by any                person or                entity appointed or empowered to operate it or act on its                behalf); |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (vi) | ***Cross                Default***.                If “Cross Default' is specified in the Schedule as applying to the party,                the occurrence or existence of (1) a default, event of default or                other                similar condition or event (however described) in respect of such                party,                any Credit Support Provider of such party or any applicable Specified                Entity of such party under one or more agreements or instruments                relating                to Specified Indebtedness of any of them (individually or collectively)                in                an aggregate amount of not less than the applicable Threshold Amount                (as                specified in the Schedule) which has resulted in such Specified                Indebtedness becoming, or becoming capable at such time of being                declared,                due and payable under such agreements or instruments, before it would                otherwise have been due and payable or (2) a default by such party,                such                Credit Support Provider or such Specified Entity (individually or                collectively) in making one or more payments on the due date thereof                in an                aggregate amount of not less than the applicable Threshold Amount                under                such agreements or instruments (after giving effect to any applicable                notice requirement or grace                period); |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (vii) | ***Bankruptcy***.                The party, any Credit Support Provider of such party or any applicable                Specified Entity of such party:- |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | is                dissolved (other than pursuant to a consolidation, amalgamation or                merger); (2) becomes insolvent or is unable to pay its debts or fails                or                admits in writing its inability generally to pay its debts as they                become                due; (3) makes a general assignment, arrangement or composition with                or                for the benefit of its creditors; (4) institutes or has instituted                against                it a proceeding seeking a judgment of insolvency or bankruptcy or                any                other relief under any bankruptcy or insolvency law or other similar                law                affecting creditors' rights, or a petition is presented for its winding-up                or liquidation, and, in the case of any such proceeding or petition                instituted or presented against it, such proceeding or petition (A)                results in a judgment of insolvency or bankruptcy or the entry of                an order                for relief or the making of an order for its winding-up or liquidation                or                (B) is not dismissed, discharged, stayed or restrained in each case                within                30 days of the institution or presentation thereof, (5) has a resolution                passed for its winding-up, official management or liquidation (other                than                pursuant to a consolidation, amalgamation or merger); (6) seeks or                becomes                subject to the appointment of an administrator, provisional liquidator,                conservator, receiver, trustee, custodian or other similar official                for it                or for all or substantially all its assets; (7) has a secured party                take                possession of all or substantially all its assets or has a distress,                execution, attachment, sequestration or other legal process levied,                enforced or sued on or against all or substantially all its assets                and                such secured party maintains possession, or any such process is not                dismissed, discharged, stayed or restrained, in each case within                30 days                thereafter, (8) causes or is subject to any event with respect to                it                which, under the applicable laws of any jurisdiction, has an analogous                effect to any of the events specified in clauses (1) to (7) (inclusive);                or (9) takes any action in furtherance of, or indicating its consent                to,                approval of, or acquiescence in, any of the foregoing acts;                or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (viii) | ***Merger                Without Assumption***.                The party or any Credit Support Provider of such party consolidates                or                amalgamates with, or merges with or into, or transfers all or                substantially all its assets to, another entity and, at the time                of such                consolidation, amalgamation, merger or                transfer:-- |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | the                resulting, surviving or transferee entity fails to assume all the                obligations of such party or such Credit Support Provider under this                Agreement or any Credit Support Document to which it or its predecessor                was a party by operation of law or pursuant to an agreement reasonably                satisfactory to the other party to this Agreement;                or |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (2) | the                benefits of any Credit Support Document fail to extend (without the                consent of the other party) to the performance by such resulting,                surviving or transferee entity of its obligations under this                Agreement. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Termination      Events***

|   | (i) | ***Illegality***.                Due to the adoption of, or any change in, any applicable law after                the                date on which a Transaction is entered into, or due to the promulgation                of, or any change in, the interpretation by any court, tribunal or                regulatory authority with competent jurisdiction of any applicable                law                after such date, it becomes unlawful (other than as a result of a                breach                by the party of Section 4(b)) for such party (which will be the Affected                Party):- |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | to                perform any absolute or contingent obligation to make a payment or                delivery or to receive a payment or delivery in respect of such                Transaction or to comply with any other material provision of this                Agreement relating to such Transaction;                or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | to                perform, or for any Credit Support Provider of such party to perform,                any                contingent or other obligation which the party (or such Credit Support                Provider) has under any Credit Support Document relating to such                Transaction; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | ***Credit                Event Upon Merger***.                If “Credit Event Upon Merger” is specified in the Schedule as applying to                the party, such party (“X”), any Credit Support Provider of X or any                applicable Specified Entity of X consolidates or amalgamates with,                or                merges with or into, or transfers all or substantially all its assets                to,                another entity and such action does not constitute an event described                in                Section 5(a)(viii) but the creditworthiness of the resulting, surviving                or                transferee entity is materially weaker than that of X, such Credit                Support                Provider or such Specified Entity, as the case may be, immediately                prior                to such action (and, in such event, X or its successor or transferee,                as                appropriate, will be the Affected Party);                or |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | ***Additional                Termination Event***.                if any “Additional Termination Event' is specified in the Schedule or any                Confirmation as applying, the occurrence of such event (and, in such                event, the Affected Party or Affected Parties shall be as specified                for                such Additional Termination Event in the Schedule or such                Confirmation). |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Event      of Default and Illegality***

----

**6.    Early      Termination**

***Right      to Terminate Following Event of Default***

***Right      to Terminate Following Termination Event***

|   | (i) | ***Notice***.                If a Termination Event occurs, an Affected Party will, promptly upon                becoming aware of it, notify the other party, specifying the nature                of                that Termination Event and each Affected Transaction and will also                give                such other information about that Termination Event as the other                party may                reasonably require. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | ***Two                Affected Parties***.                If an Illegality under Section 5(b)(i)(1) occurs and there are two                Affected Parties, each party will use all reasonable efforts to reach                agreement within 30 days after notice thereof is given under Section                6(b)(i) on action to avoid that Termination                Event. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | ***Right                to Terminate***.                If: |
|--------|-------|-------------------------------------------------------------|

|   | (1) | an                agreement under Section 6(b)(ii) has not been effected with respect                to all                Affected Transactions within 30 days after an Affected Party gives                notice                under Section 6(b)(i); or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | an                illegality other than that referred to in Section 6(b)(ii), a Credit                Event                Upon Merger or an Additional Termination Event                occurs, |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

***Effect      of Designation.***

|   | (i) | If                notice designating an Early Termination Date is given under Section                6(a)                or (b), the Early Termination Date will occur on the date so designated,                whether or not the relevant Event of Default or Termination Event                is then                continuing. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | Upon                the occurrence or effective designation of an Early Termination Date,                no                further payments or deliveries under Section 2(a)(i) or 2(d) in respect                of                the Terminated Transactions will be required to be made, but without                prejudice to the other provisions of this Agreement. The amount,                if any,                payable in respect of an Early Termination Date shall be determined                pursuant to Section 6(e). |
|--------|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Calculations***

|   | (i) | ***Statement***.                On or as soon as reasonably practicable following the occurrence                of an                Early Termination Date, each party will make the calculations on                its part,                if any, contemplated by Section 6(e) and will provide to the other                party a                statement (1) showing, in reasonable detail, such calculations (including                all relevant quotations and specifying any amount payable under Section                6(e)) and (2) giving details of the relevant account to which any                amount                payable to it is to be paid. In the absence of written confirmation                from                the source of a quotation obtained in determining a Market Quotation,                the                records of the party obtaining such quotation will be conclusive                evidence                of the existence and accuracy of such                quotation. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | ***Payment                Date***.                An amount calculated as being due in respect of any Early Termination                Date                under Section 6(e) will be payable on the day that notice of the                amount                payable is effective (in the case of an Early Termination Date which                is                designated or occurs as a result of an Event of Default) and on the                day                which is two Local Business Days after the day on which notice of                the                amount payable is effective (in the case of an Early Termination                Date                which is designated as a result of a Termination Event). Such amount                will                be paid together with (to the extent permitted under applicable law)                interest thereon (before as well as after judgment), from (and including)                the relevant Early Termination Date to (but excluding) the date such                amount is paid, at the Applicable Rate. Such interest will be calculated                on the basis of daily compounding and the actual number of days                elapsed. |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Payments      on Early Termination***

|   | (i) | ***Events                of Default***.                If the Early Termination results from an Event of                Default:--- |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (1) | ***First                Method and Market Quotation***.                If the First Method and Market Quotation apply, the Defaulting Party                will                pay to the Non-defaulting Party the excess, if a positive number,                of (A)                the sum of the Settlement Amount (determined by the Non-defaulting                Party)                in respect of the Terminated Transactions and the Unpaid Amounts                owing to                the Non-defaulting Party over (B) the Unpaid Amounts owing to the                Defaulting Party. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | ***First                Method and Loss***.                If the First Method and Loss apply, the Defaulting Party will pay                to the                Non-defaulting Party, if a positive number, the Non-defaulting Party's                Loss in respect of this Agreement. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | ***Second                Method and Market Quotation***.                If the Second Method and Market Quotation apply, an amount will be                payable                equal to (A) the sum of the Settlement Amount (determined by the                Non-defaulting Party) in respect of the Terminated Transactions and                the                Unpaid Amounts owing to the Non-defaulting Party less (B) the Unpaid                Amounts owing to the Defaulting Party. If that amount is a positive                number, the Defaulting Party will pay it to the Non-defaulting party;                if                it is a negative number, the Non-defaulting Party will pay the absolute                value of that amount to the Defaulting                Party. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (4) | ***Second                Method and Loss***.                If the Second Method and Loss apply, an amount will be payable equal                to                the Non-defaulting Party's Loss in respect of this Agreement. If                that                amount is a positive number, the Defaulting Party will pay it to                the                Non-defaulting Party; if it is a negative number, the Non-defaulting                Party                will pay the absolute value of that amount to the Defaulting                Party. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | ***Termination                Events***.                If the Early Termination Date results from a Termination                Event- |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | ***One                Affected Party***.                If there is one Affected Party, the amount payable will be determined                in                accordance with Section 6(e)(i)(3), if Market Quotation applies,                or                Section 6(e)(i)(4), if Loss applies, except that, in either case,                references to the Defaulting Party and to the Non-defaulting Party                will be                deemed to be references to the Affected Party and the party which                is not                the Affected Party, respectively, and, if Loss applies and fewer                than all                the Transactions are being terminated, Loss shall be calculated in                respect                of all Terminated Transactions. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | ***Two                Affected Parties***.                If there are two Affected Parties:                - |
|--------|-----|---------------------------------------------------------------------------------------------------------------|

|   | (A) | If                Market Quotation applies, each party will determine a Settlement                Amount in                respect of the Terminated Transactions, and an amount will be payable                equal to (I) the sum of (a) one-half of the difference between the                Settlement Amount of the party with the higher Settlement Amount                ('X”) and                the Settlement Amount of the party with the lower Settlement Amount                (“Y”)                and (b) the Unpaid Amounts owing to X less (II) the Unpaid Amounts                owing                to Y; and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (B) | If                Loss applies, each party will determine its Loss in respect of this                Agreement (or, if fewer than all the Transactions are being terminated,                in                respect of all Terminated Transactions) and an amount will be payable                equal to one-half of the difference between the Loss of the party                with the                higher Loss (“X') and the Loss of the party with the lower loss                (“Y°). |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | ***Adjustment                for Bankruptcy***.                In circumstances where an Early Termination Date occurs because 'Automatic                Early Termination' applies in respect of a party, the amount determined                under this Section 6(e) will be subject to such adjustments as are                appropriate and permitted by taw to reflect any payments or deliveries                made by one party to the other under this Agreement (and retained                by such                other party) during the period from the relevant Early Termination                Date to                the date for payment determined under Section                6(d)(ii). |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | ***Pre-Estimate***.                The parties agree that if Market Quotation applies an amount recoverable                under this Section 6(e) is a reasonable pre-estimate of loss and                not a                penalty. Such amount is payable for the loss of bargain and the loss                of                protection against future risks and except as otherwise provided                in this                Agreement neither party will be entitled to recover any additional                damages                as a consequence of such losses. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **7.** | **Transfer** |
|--------|--------------|

----

| **8.** | **Miscellaneous** |
|--------|-------------------|

***Entire      Agreement***

***Amendments***

***Survival      of Obligations***

***Remedies      Cumulative***

***Counterparts      and Confirmations***

|   | (i) | This                Agreement (and each amendment, modification and waiver in respect                of it)                may be executed and delivered in counterparts (including by facsimile                transmission), each of which will be deemed an                original. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | The                parties intend that they are legally bound by the terms of each                Transaction from the moment they agree to those terms (whether orally                or                otherwise). A Confirmation shall be entered into as soon as practicable                and may be executed and delivered in counterparts (including by facsimile                transmission) or be created by an exchange of telexes or by an exchange                of                electronic messages on an electronic messaging system, which in each                case                will be sufficient for all purposes to evidence a binding supplement                to                this Agreement. The parties will specify therein or through another                effective means that any such counterpart, telex or electronic message                constitutes a Confirmation. |
|--------|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***No      Waiver of Rights***

***Headings***

| **9.** | **Expenses** |
|--------|--------------|

----

| **10.** | **Notices** |
|---------|-------------|

***Effectiveness***

|   | (i) | if                in writing and delivered in person or by courier, on the date it                is                delivered; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | if                sent by telex, on the date the recipient's answerback is                received; |
|--------|------|-----------------------------------------------------------------------------------------------------|

|   | (iii) | if                sent by facsimile transmission, on the date that transmission is                received                by a responsible employee of the recipient in legible form (it being                agreed that the burden of proving receipt will be on the sender and                will                not be met by a transmission report generated by the sender's facsimile                machine); |
|--------|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (iv) | if                sent by certified or registered mail (airmail, if overseas) or the                equivalent (return receipt requested), on the date that mail is delivered                or its delivery is attempted; or |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (v) | if                sent by electronic messaging system, on the date that electronic                message                is received, unless                the date of that delivery (or attempted delivery) or that receipt,                as                applicable, is not a Local Business Day or that communication is                delivered                (or attempted) or received, as applicable, after the close of business                on                a Local Business Day, in which case that communication shall be deemed                given and effective on the first following day that is a Local Business                Day. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Change      of Addresses***

| **11.** | **Governing                Law and Jurisdiction** |
|---------|---------------------------------------------------|

***Governing      Law***

***Jurisdiction***

|   | (i) | submits                to the jurisdiction of the English courts, if this Agreement is expressed                to be governed by English law, or to the non-exclusive jurisdiction                of the                courts of the State of New York and the United States District Court                located in the Borough of Manhattan in New York City, if this Agreement                is                expressed to be governed by the laws of the State of New York;                and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (ii) | waives                any objection which it may have at any time to the laying of venue                of any                Proceedings brought in any such court, waives any claim that such                Proceedings have been brought in an inconvenient forum and further                waives                the right to object, with respect to such Proceedings, that such                court                does not have any jurisdiction over such                party. |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

***Waiver      of Immunities***

| **12.** | **Definitions** |
|---------|-----------------|

***Additional      Termination Event***

***“Affected      Party”***

***Affected      Transactions***

***Affiliate***

----

***Applicable      Rate***

***consent***

***Credit      Event Upon Merger***

***Credit      Support Document***

***Credit      Support Provider***

***Default      Rate***

***Defaulting      Party***

***Early      Termination Date***

***Event      of Default***

***Illegality***

***law***
***lawful***
***unlawful***

***Local      Business Day***

----

***Loss***

***Market      Quotation***

----

***Non-default      Rate***

***Non-defaulting      Party***

***Potential      Event of Default***

***Reference      Market-makers***

***Scheduled      Payment Date***

***Set-off***

***Settlement      Amount***

***Specified      Entity***

***Specified      Indebtedness***

***Specified      Transaction***

----

***Terminated      Transactions***

***Termination      Event***

***Termination      Rate***

***Unpaid      Amounts***

----

**IN      WITNESS WHEREOF**

| **KeyBank                National Association** |                                                                                                                                 | **Hartman                REIT Operating Partnership, L.P.**                                                                                                          |
|-------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (Name                of Party)                  |                                                                                                                                 | (Name                of Party)                                                                                                                                       |
|                                            |                                                                                                                                 |                                                                                                                                                                 |
| By:                                             | /s/                Thomas J. Simenic                                                                                                 |                                                                                                                                                                 | By: | Hartman                Commercial Properties REIT, its sole                  general partner |
|                                            | Name:                 Thomas J. SimenicTitle: Senior                Vice PresidentDate: March                16, 2006 |                                                                                                                                                                 |   |
|                                            |                                                                                                                                 | By:                                                                                                                                                                  | /s/                Allen R. Hartman |
|                                            |                                                                                                                                 |                                                                                                                                                                 | Name: Allen                R. HartmanTitle: PresidentDate: |
|                                            |                                                                                                                                 |                                                                                                                                                                 |
|                                            |                                                                                                                                 | **Hartman                REIT Operating Partnership III LP**                                                                                                         |
|                                            |                                                                                                                                 |                                                                                                                                                                 |
|                                            |                                                                                                                                 | By:                    Hartman REIT Operating Partnership III GP LLC, a Texas limited liability                company, its sole general partner |
|                                            |                                                                                                                                 |                                                                                                                                                                 |
|                                            |                                                                                                                                 | By:                Hartman REIT Operating Partnership, L.P., a Delaware limited partnership,                its sole partner                                         |
|                                            |                                                                                                                                 |
|                                            |                                                                                                                                 | By:                Hartman Commercial Properties REIT, a Maryland real estate investment                trust, its sole general partner                              |
|                                            |                                                                                                                                 |
|                                            | By:                                                                                                                                  | /s/                Allen R. Hartman                                                                                                                                  |
|                                            |                                                                                                                                 | Allen                R. Hartman                                                                                                                                      |

----

**SCHEDULE      TO THE MASTER AGREEMENT**

**Key      Bank National Association**
**Hartman      REIT Operating Partnership, L.P. and Hartman REIT Operating Partnership III      LP**

**Part      1. Termination Provisions.**

***“Specified      Entity”***
* *

| (b) | **“Specified                Transaction”**                will have the meaning specified in Section 12 of this                Agreement. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | The                **“Cross                Default”**                provisions of Section 5(a)(vi) will apply to Party                B. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | **“Specified                Indebtedness”**                will have the meaning specified in Section 12 of this                Agreement. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | **“Threshold                Amount”**                means $100,000. |
|-----|----------------------------------------------------------------------------------|

| (f) | The                **“Credit                Event Upon Merger”**                provisions of Section 5(b)(ii) will apply to Party                B. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (g) | The                **“Automatic                Early Termination”**provision                of Section 6(a) will not apply to Party A or Party                B. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (h) | **Payments                on Early Termination**.                For purposes of Section 6(e) of this Agreement: |
|-----|------------------------------------------------------------------------------------------------------------------|

| (i) | **Additional                Termination Event:**                For the purpose of Section 5(b)(iii) of this Agreement, it shall                be an                “Additional Termination Event” with Party B being the Affected Party if                (i) the loan or other indebtedness in connection with which a Transaction                is entered into by Party B for the purpose or with the effect of                altering                the net combined payment of Party B                from a floating to fixed or a fixed to floating rate basis is repaid,                in                whole or in part, whether upon acceleration of principal, at maturity,                or                otherwise, or for any other reason ceases to be an obligation of                Party B,                with or without the consent of Party A, or (ii) any Credit Support                Document expires, terminates, or ceases to be in full force and effect                for                the purpose of this Agreement unless this Agreement is expressly                amended                in writing to reflect that it is no longer a Credit Support Document                hereunder. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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**Part      2. Agreement to Deliver Documents.**

| (a) | A                certificate of an authorized officer of Party B evidencing the necessary                corporate authorizations, resolutions, and approvals with respect                to the                execution, delivery and performance of this Agreement, and certifying                the                names, true signatures, and authority of the officer(s) signing this                Agreement and executing Transactions                hereunder. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | Quarterly                and annual financial statements of Party B when requested by Party                A. |
|-----|---------------------------------------------------------------------------------------------------------------|

| (c) | IRS                Form W-9 of Party B when requested by Party                A. |
|-----|----------------------------------------------------------------------------------|

**Part      3. Miscellaneous.**

**Addresses      for Notices:**

**Party      A**

**Party      B**

***Calculation      Agent.***

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| (c) | ***Credit                  Support Document:***                  In                  relation to Party B, means REVOLVING CREDIT AGREEMENT among HARTMAN                  REIT                  OPERATING PARTNERSHIP, L.P., HARTMAN REIT OPERATING PARTNERSHIP                  III LP and                  OTHER BORROWERS  WHICH                  MAY BECOME PARTIES TO THIS AGREEMENT and KEYBANK NATIONAL ASSOCIATION,                  UNION BANK OF CALIFORNIA, N.A., COMPASS BANK, COMERICA BANK AND                  COMMERCEBANK, N.A. and OTHER LENDERS WHICH MAY BECOME PARTIES TO                  THIS                  AGREEMENT and KEYBANK NATIONAL ASSOCIATION, AS ADMINISTRATIVE AGENT                  and                  UNION BANK OF CALIFORNIA, N.A. AS DOCUMENTATION AGENT with KEYBANC                  CAPITAL                  MARKETS, AS LEAD ARRANGER AND BOOK MANAGER, Dated as of March 11,                  2005;                  and any guarantee, security agreement, or other document in effect                  from                  time to time that, by its terms, guarantees, secures or otherwise                  supports                  the performance of Party B’s obligations under this                  Agreement. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | ***Credit                Support Provider:***                Any individual or entity named in a Credit Support Document who is                securing Party B’s full and timely performance of its obligations to Party                A under such documents, including without limitation                guarantors. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | ***Governing                Law.***                This Agreement will be governed by and construed in accordance with                the                laws of the State of New York without reference to choice of law                doctrine. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (f) | ***Definitions***.                Section 12 is modified as follows: |
|-----|----------------------------------------------------------------------|

| (g) | ***Payments.*** |
|-----|-----------------|

|   | Party                A will make payments to Party B by transfer to the account of Party                B at                KeyBank National Association (**Account                Number: Please Provide ____________________**). |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Party                B will make payments to Party A by transfer from the account of Party                B at                KeyBank National Association (**Account                Number: Please Provide _______________**),                and Party A is irrevocably authorized to debit such account for each                such                payment (it being understood that Party B will at all times maintain                sufficient balances in such account for such                purposes). |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Part      4. Other Provisions.**

| (a) | ***Additional                Representations.***                Party B represents to Party A (which representation will be deemed                to be                repeated by Party B on each date on which a Transaction is entered                into)                that it, or any Credit Support Provider has: (A) if a corporation,                partnership, proprietorship, limited liability company or trust,                (1) total                assets exceeding $10,000,000 or (2) a net worth exceeding $1,000,000                *and*                is                entering into the Transaction in connection with the conduct of its                business or to manage the risk associated with an asset or liability                owned                or incurred in the conduct of its business, or (B) if an individual,                total                assets exceeding (1) $10,000,000 or (2) $5,000,000 *and*                who is entering into the Transaction to manage the risk associated                with an                asset owned or liability incurred, or reasonably likely to be owned                or                incurred, by the individual. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (b) | ***Event                of Default***.                Each Party agrees to notify the other party of the occurrence of                any Event                of Default or Potential Event of Default immediately upon learning                of the                occurrence thereof. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | ***Disclaimer.***                In                entering into this Agreement: |
|-----|----------------------------------------------------------------------------------|

|   | 1. | Party                B understands that there is no assurance as to the direction in which                interests rates in financial markets may move in the future and that                Party                A makes no covenant, representation, or warranty in this regard or                in                regard to the suitability of the terms of the Agreement or any Transaction                to the particular needs and financial situation of Party                B. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 2. | Party                B has made its own independent, informed decision to enter into this                Agreement and any Transaction. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------|

|   | 3. | Party                B represents, which representation shall be deemed repeated with                respect                to and at the time of each Agreement and Transaction, that (A) it                has had                the opportunity, independently of Party A and Party A’s affiliates,                officers, employees, and agents, to consult its own financial advisors                and                has determined that it is in Party B’s interest to enter into the                Agreement and any Transaction, (B) it is capable of assuming and                assumes                the risks of any Transaction and (C) it is capable of assuming and                assumes                all risks (financial and otherwise) associated with any Transaction,                including but not limited to, Market Risk (defined as the risk that                the                Transaction may increase or decrease in value with a change in, among                other things, interest rates or the yield curve), and Liquidity Risk                (defined as the risk that the Transaction cannot be closed out of                or                disposed of quickly at or near its                value). |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 4. | Party                A is not acting as a fiduciary for or advisor to Party B in respect                of any                Transaction. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------|

|   | 5. | Party                B is not relying on any communications (written or oral) of Party                A as                investment advice or as a recommendation to enter into this Transaction,                it being understood that information and explanations related to                the terms                and conditions of this Agreement and any Transaction shall not be                considered investment advice or a recommendation to enter into this                Transaction. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 6. | Party                B is capable of assessing the terms, conditions and risks (on its                own                behalf or through independent professional advice) of this Agreement                and                any Transaction and understands and accepts such terms, conditions                and                risks. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d) | ***Waiver                of Jury Trial.***                Each party hereby irrevocably waives, to the fullest extent permitted                by                applicable law, and any and all rights it may have to trial by jury                in                respect of any proceedings arising out of or relating to this Agreement                or                any Transaction and acknowledges that it and the other party have                been                induced to enter into this Agreement by, among other things, these                mutual                waivers. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (e) | ***Set-off.***                The right to exercise a Set-off against any amount otherwise payable                in                respect of an Early Termination Date pursuant to Section 6(e) may                be                applied solely at the election of the Non-Defaulting Party in the                case of                an Event of Default, and by the party other than the Affected Party                in the                case of a Termination Event or Additional Termination Event, whether                or                not such party is the payer or payee of an amount determined pursuant                to                Section 6. If an obligation is unascertained, such party may in good                faith                estimate that obligation and exercise a Set-off in respect of the                estimate, subject to the relevant party accounting to the other party                when                the obligation becomes ascertained. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (f) | ***Small                Business Administration Loans.***                If                this Agreement relates to an interest rate swap on a loan guaranteed                by                the Small Business Administration, then Party B acknowledges that                the                Small Business Administration is not a party to this Agreement and                does                not guaranty it. In the event that the Small Business Administration                is                called upon to honor its guaranty to Party A, Party B’s debt will be                determined by the terms of the loan, including the variable interest                rate                provision. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (g) | ***USA                PATRIOT Act Notice.***                Party A hereby notified Party B that pursuant to the requirements                of the                USA Patriot Act (Title III of Pub. L 107-56 (signed into law October                26,                2001)) (the “Act”), it is required to obtain, verify and record                information that identifies Party B, which information includes the                name                and address of Party B, the Tax-Identification Number, and other                information that will allow Party A to identify Party B in accordance                with                the Act. 1  |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **(h)** | ***Termination*****.                Party B acknowledges that upon an early termination of any or all                Transactions or Specified Transactions under this Agreement, monies                may be                due and payable by Party B to Party A, or by Party A to Party                B.** |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| KeyBank                National Association                   | Hartman                REIT Operating Partnership, L.P.                                                          |
|---------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------|
| (Name                of Party)                                | (Name                of Party)                                                                                   |
|                                                          |                                                                                                             |
| By:                 /s/                Thomas J. Simenic | By:                      Hartman Commercial Properties REIT,                       |
| Name:                Thomas J. Simenic                        |                             its sole general partner |
| Title:                Senior Vice President                   |                                                                                                             |
| Date:                March 16, 2006                           | By:                 /s/                Allen R. Hartman                                                     |
|                                                          | Name:                Allen R. Hartman                                                                            |
|                                                          | Title:                President                                                                                  |
|                                                          | Date:                                                                                                            |

|   | **Hartman                  REIT Operating Partnership III L.P.**                                                                        |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                    |
|   | By:                    Hartman REIT Operating Partnership III GP LLC,                                               |
|   |                           a Texas limited liability company, its sole general partner |
|   |                                                                                                                                    |
|   | By:                      Hartman REIT Operating Partnership, L.P.,                                                  |
|   |                             a Delaware limited partnership, its sole                  |
|   |                             partner                                                   |
|   |                                                                                                                                    |
|   | By:                      Hartman Commercial Properties REIT,                                                        |
|   |                             a Maryland real estate investment trust,                  |
|   |                             its sole general partner                                  |
|   |                                                                                                                                    |
|   |                                                                                                                                    |
|   | By:                   /s/                  Allen R. Hartman                                                                        |
|   |                         Allen R. Hartman, president                                                       |

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