Document:

<PAGE>

                                                                    Exhibit 10.9

                       AMENDMENT NO. 2 TO CREDIT AGREEMENT

     THIS AMENDMENT NO. 2 TO CREDIT AGREEMENT (this "Amendment"), dated July
___, 2002, is made and entered into on the terms and conditions hereinafter set
forth, by and among NN, INC., a Delaware corporation (the "Borrower"), the
subsidiaries of the Borrower who are parties to the Credit Agreement, as
hereinafter defined (the "Guarantors"), the several lenders who are now or
hereafter become parties to the Credit Agreement (the "Lenders"), AMSOUTH BANK,
an Alabama state bank, individually and as administrative agent for the Lenders
(in such capacity, the "Administrative Agent"), and BANK ONE, KENTUCKY, NA,
individually and as co-agent for the Lenders (in such capacity, the "Co-Agent").

                                    RECITALS:

     1.  Pursuant to a Credit Agreement dated as of July 20, 2001, among the
Borrower, the Guarantors, the Administrative Agent, the Lenders and the
Co-Agent, as amended by that certain Amendment No. 1 to Credit Agreement dated
October 4, 2001, (as the same heretofore may have been and/or hereafter may be
amended, restated, supplemented, extended, renewed, replaced or otherwise
modified from time to time, the "Credit Agreement"), the Lenders have agreed to
make Loans, all as more specifically described in the Credit Agreement.
Capitalized terms used but not otherwise defined in this Agreement have the same
meanings as in the Credit Agreement.

     2.  The parties hereto desire to amend the Credit Agreement in certain
respects, as more particularly hereinafter set forth.

                                   AGREEMENTS:

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

     1.  Defined Terms.  Subsection 1.1 of the Agreement is hereby amended by
amending the definition of "Term Loan Commitments" to provide as follows:

          "Term Loan Commitments" shall mean, at any time, the commitment of all
     the Lenders, collectively, to make Term Loans to the Borrower from time to
     time, pursuant to the provisions of Section 2.2.2, and the "Term Loan
     Commitment" of any Lender at any time shall mean an amount equal to such
     Lender's Percentage multiplied by the then effective aggregate Term Loan
     Commitments. The Term Loan Commitments are in the aggregate amount set
     forth in Section 2.1.

<PAGE>

     2.   Term Loan Commitments.  Subsection 2.1.1(c) of the Agreement is hereby
 amended to provide as follows:

     (c)  The aggregate amount of the Term Loan Commitments shall be
          $27,378,000, which amount shall reduce by $1,750,000 on October 1,
          2002, and on each January 1, April 1, July 1 and October 1 thereafter.

     3.   Voluntary Reductions of Revolving Credit Commitments and Term Loan
Commitments.  Subsection 2.1.2 of the Agreement is hereby amended to provide as
follows:

          2.1.2.  Voluntary Reductions of Revolving Credit Commitments and Term
     Loan Commitments. The Borrower shall have the right, at any time and from
     time to time, to terminate in whole or permanently reduce in part, without
     premium or penalty, the Revolving Credit Commitments and Term Loan
     Commitments in an amount up to the amount by which the Revolving Credit
     Commitments or the Term Loan Commitments, as applicable, exceed the
     aggregate amount of the then outstanding Revolving Loans or the Term Loans.
     The Borrower shall give not less than ten (10) Business Days' prior written
     notice to the Administrative Agent designating the date (which shall be a
     Business Day) of such termination or reduction and the amount of any
     reduction. Promptly after receipt of a notice of such termination or
     reduction, the Administrative Agent shall notify each Lender of the
     proposed termination or reduction. Such termination or reduction of the
     Revolving Credit Commitments or the Term Loan Commitments, as the case may
     be, shall be effective on the date specified in the Borrower's notice and
     shall reduce the Revolving Credit Commitments or the Term Loan Commitments,
     as applicable, of each Lender in proportion to its Percentage of the
     Revolving Credit Commitments or the Term Loan Commitments, as applicable.
     Any such reduction of the Revolving Credit Commitments or the Term Loan
     Commitments shall be in a minimum amount of $1,000,000 and in integral
     multiples of $500,000.

     4.   Commitment to Make Term Loans.  Subsection 2.2.2 of the Agreement is
hereby amended to provide as follows:

          2.2.2.  Commitment to Make Term Loans. Subject to all of the terms and
     conditions of this Agreement (including the conditions set forth in
     Sections 6.1 and 6.2) in reliance upon the representations and warranties
     of the Borrower herein set forth, each Lender hereby severally agrees to
     make Term Loans to the Borrower from time to time prior to the Term Loan
     Maturity Date and for the purposes identified in Section 2.7.; provided,
     however, in no event shall (a) the aggregate principal amount of the Term
     Loans made by any Lender outstanding at any time exceed such Lender's Term
     Loan Commitment, or (b) the aggregate principal amount of the Term Loans
     outstanding at any time exceed the Term Loan Commitments. All Term Loans
     shall be paid in full no later than the Term Loan Maturity Date.

                                       2

<PAGE>

     5.   Revolving Credit; Minimum Borrowings.  Subsection 2.2.4 is hereby
amended to provide as follows:

          2.2.4. Revolving Credit; Minimum Borrowings. Amounts borrowed by the
     Borrower under the Revolving Credit Commitments may be prepaid and
     reborrowed from time to time during the Revolving Commitment Period.
     Amounts borrowed by the Borrower under the Term Loan Commitments may be
     prepaid and reborrowed from time to time prior to the Term Loan Maturity
     Date. The aggregate amount of Revolving Loans or Term Loans made on any
     Funding Date shall be in integral multiples of $100,000.

     6.   Notice of Borrowing.  Exhibit 2.2.5 [Form of Notice of Borrowing] to
the Agreement is hereby deleted and Exhibit 2.2.5 hereto is substituted in lieu
thereof. Subsection 2.2.5 of the Agreement is hereby amended to provide as
follows:

          2.2.5.  Notice of Borrowing.

          (a)  Delivery of Notice.  Whenever the Borrower desires to borrow
     under Section 2.2.1 or Section 2.2.2, it shall deliver to the
     Administrative Agent a Notice of Borrowing no later than 11:00 a.m.
     (Central time) at least one (1) Business Day in advance of the proposed
     Funding Date (in the case of Base Rate Loans) or three (3) Business Days in
     advance of the proposed Funding Date (in the case of LIBOR Loans). The
     Notice of Borrowing shall specify (i) the proposed Funding Date (which
     shall be a Business Day), (ii) the amount of the proposed Borrowing, (iii)
     whether the proposed Borrowing shall be a Revolving Loan or a Term Loan,
     (iv) whether the proposed Borrowing shall be in the form of Base Rate Loans
     or LIBOR Loans, and (v) in the case of LIBOR Loans, the requested Interest
     Period. In lieu of delivering a Notice of Borrowing, the Borrower may give
     the Administrative Agent telephonic notice by the required time of notice
     of any proposed Borrowing under this Section 2.2.5; provided, however, that
     such notice shall be promptly confirmed in writing by delivery of a Notice
     of Borrowing to the Administrative Agent on or prior to the Funding Date of
     the requested Revolving Loans or Term Loans. The execution and delivery of
     each Notice of Borrowing shall be deemed a representation and warranty by
     the Borrower that the requested Revolving Loans or Term Loans may be made
     in accordance with, and will not violate the requirements of, this
     Agreement, including those set forth in Section 2.2.1 or Section 2.2.2.

          (b)  No Liability for Telephonic Notices. Neither the Administrative
     Agent nor any Lender shall incur any liability to the Borrower in acting
     upon any telephonic notice given pursuant to this Section 2.2.5 that the
     Administrative Agent believes in good faith to have been given by a duly
     authorized officer or other person authorized to borrow on behalf of the
     Borrower or for otherwise acting in good faith under this Section 2.2.5
     and, upon the funding of Revolving Loans or Term Loans by the Lenders in
     accordance with this Agreement pursuant to any telephonic notice, the
     Borrower shall have effected a Borrowing of Revolving Loans or Term Loans,
     as the case may be, hereunder.

                                       3

<PAGE>

          (c)  Notice Irrevocable. A Notice of Borrowing for LIBOR Loans (or a
     telephonic notice in lieu thereof) shall be irrevocable on and after the
     related Interest Rate Determination Date, and the Borrower shall be bound
     to make a Borrowing in accordance therewith.

     7.   Commitment Fees.  Subsection 2.8.3 of the Agreement is hereby amended
 to provide as follows:

          2.8.3.  Commitment Fees. The Borrower agrees to pay to the
     Administrative Agent, for distribution to the Lenders in proportion to
     their respective Percentages, (a) annual commitment fees for the period
     commencing on the date hereof to but excluding the Revolving Commitment
     Period Expiration Date equal to the average of the daily unused portion of
     the Revolving Credit Commitments (i.e., the aggregate amount of the
     Revolving Credit Commitments less the aggregate amount of Revolving Loans
     outstanding) multiplied by the Applicable Commitment Fee Percentage, and
     (b) annual commitment fees for the period commencing on the date hereof to
     but excluding the Term Loan Maturity Date equal to the average of the daily
     unused portion of the Term Loan Commitments (i.e., the aggregate amount of
     the Term Loan Commitments less the aggregate amount of Term Loans
     outstanding) multiplied by the Applicable Commitment Fee Percentage
     (collectively, the "Commitment Fees"). Commitment Fees shall be payable in
     quarter-annual installments, in arrears, on January 1, April 1, July 1, and
     October 1 of each year, commencing October 1, 2001, and on the Revolving
     Commitment Expiration Date (with respect to the Revolving Credit
     Commitments) and commencing October 1, 2002, and on the Term Loan Maturity
     Date (with respect to the Term Loan Commitments).

     8.   Disbursement of Funds.  Subsection 2.2.6 of the Agreement is hereby
amended to provide as follows:

          2.2.6.  Disbursement of Funds. Promptly after receipt of a Notice of
     Borrowing (or telephonic notice in lieu thereof), the Administrative Agent
     shall notify each Lender of the proposed Borrowing in writing, or by
     telephone promptly confirmed in writing. Each Lender shall make the amount
     of its Revolving Loan or Term Loan, as the case may be, available to the
     Administrative Agent, in immediately available funds, at the Lending Office
     of the Administrative Agent, not later than 11:00 a.m. (Central time) on
     the Funding Date. The Administrative Agent shall make the proceeds of such
     Revolving Loans or Term Loans available to the Borrower on such Funding
     Date by causing an amount of immediately available funds equal to the
     proceeds of all such Revolving Loans or Term Loans, as the case may be,
     received by the Administrative Agent to be credited to the account of the
     Borrower at such office of the Administrative Agent.

     9.   Term Loan Principal Payments.  Subsection 3.1.2 of the Agreement is
hereby amended to provide as follows:

                                       4

<PAGE>

          3.1.2.  Term Loan Principal Payments. Principal of the Term Loans
     shall be repaid in an amount necessary to reduce the outstanding principal
     of the Term Loans to an amount that is not greater than the amount of the
     Term Loan Commitments, as such amount reduces from time to time in
     accordance with Subsection 2.1.1(c) of this Agreement; provided, however,
     that in connection with any payment of principal of the Term Loans
     consisting of LIBOR Loans, the Borrower shall pay to the Administrative
     Agent, for distribution to the Lenders, the accrued interest on such Loan
     required to be paid pursuant to Section 3.1.1 and any amounts required to
     be paid pursuant to Section 3.3.3.

     10.  Optional Prepayments. Subsection 3.1.3(a)(2) is hereby amended by
deleting from the last two (2) lines the clause "and provided further that any
prepayments of the Term Loans, shall be applied to scheduled Term Loan principal
payments in the inverse order of their maturity."

     11.  Mandatory Prepayment. The first sentence of Subsection 3.1.3(b)(1) of
the Agreement is hereby amended by deleting from the first sentence the language
"and provided further that any prepayments of the Term Loan shall be applied to
scheduled Term Loan principal payments in the inverse order of their maturity."
The penultimate sentence of Subsection 3.1.3(b)(1) of the Agreement is hereby
amended to provide as follows:

     Any prepayment pursuant to this paragraph (1) shall be applied first to the
     outstanding principal balance of the Term Loans, and then to outstanding
     Revolving Loans, in each case applied first to Base Rate Loans until the
     same have been fully repaid, and then to LIBOR Loans.

     12.  Secondary Offering. The proceeds received by the Borrower from the
Borrower's anticipated secondary offering of its stock less any underwriters'
discounts and commissions shall be applied to the outstanding Term Loans in
accordance with the provisions of Subsection 3.1.3(b) of the Agreement;
provided, however, notwithstanding the provisions of Section 3.1.3(b) of the
Agreement so long as such proceeds are received by the Borrower not later than
September 30, 2002, the amount of the Term Loan Commitments shall not be reduced
by the amount of such prepayment.

     13.  Restricted Payments.  Clause (c) of Section 9.5 is hereby amended to
provide as follows:

          (c) the Borrower may declare and pay dividends and make distributions
     payable to its shareholders in any Fiscal Year in an aggregate amount not
     in excess of (i) $5,500,000 or (ii) in the event Borrower received proceeds
     from its anticipated secondary offering on or before September 30, 2002,
     $6,500,000.

                                       5

<PAGE>

     14.  Restructuring Fee.  Upon execution of this Amendment, the Borrower
shall pay to the Administrative Agent, for distribution to the Lenders in
proportions to their respective Percentages, a restructuring fee in the amount
of $54,756.

     15.  Effectiveness.  This Amendment shall be effective only upon execution
and delivery by the Borrower, the Guarantors, the Administrative Agent and the
Lenders.

     16.  Representations and Warranties of the Borrower and the Guarantors. As
an inducement to the Administrative Agent, the Co-Agent and the Lenders to enter
into this Amendment, the Borrower and the Guarantors hereby represent and
warrant to the Administrative Agent, the Co-Agent and the Lenders that, on and
as of the date hereof:

          (a)  the representations and warranties contained in the Credit
     Agreement and the other Loan Documents are true and correct, except for (1)
     representations and warranties that expressly relate to an earlier date,
     which remain true and correct as of said earlier date, and (2)
     representations and warranties that have become untrue or incorrect solely
     because of changes permitted by the terms of the Credit Agreement and the
     other Loan Documents, and

          (b)  no Default or Event of Default has occurred and is continuing.

     17.  Effect of Amendment; Continuing Effectiveness of Credit Agreement and
Loan Documents.

          (a)  Neither this Amendment nor any other indulgences that may have
     been granted to the Borrower or any of the Guarantors by the Administrative
     Agent, the Co-Agent or any Lender shall constitute a course of dealing or
     otherwise obligate the Administrative Agent, the Co-Agent or any Lender to
     modify, expand or extend the agreements contained herein, to agree to any
     other amendments to the Credit Agreement or to grant any consent to, waiver
     of or indulgence with respect to any other noncompliance with any provision
     of the Loan Documents.

          (b)  This Amendment shall constitute a Loan Document for all purposes
     of the Credit Agreement and the other Loan Documents. Any noncompliance by
     the Borrower or any Guarantor with any of the covenants, terms, conditions
     or provisions of this Amendment that shall continue for more than twenty
     (20) days after the earlier of (a) written notice from the Administrative
     Agent to the Borrower or such Guarantor, as applicable, of the existence of
     such Default or (b) the date any Responsible Officer of the Borrower or
     such Guarantor, as applicable, first obtains knowledge of such failure,
     shall constitute an Event of Default. Except to the extent amended hereby,
     the Credit Agreement, the other Loan Documents and all terms, conditions
     and provisions thereof shall continue in full force and effect in all
     respects.

     18.  Counterparts.  This Amendment may be executed in multiple counterparts
or copies, each of which shall be deemed an original hereof for all purposes.
One or more counterparts or copies of this Amendment may be executed by one or
more of the parties hereto,

                                       6

<PAGE>

and some different counterparts or copies executed by one or more of the
other parties. Each counterpart or copy hereof executed by any party hereto
shall be binding upon the party executing same even though other parties may
execute one or more different counterparts or copies, and all counterparts or
copies hereof so executed shall constitute but one and the same agreement. Each
party hereto, by execution of one or more counterparts or copies hereof,
expressly authorizes and directs any other party hereto to detach the signature
pages and any corresponding acknowledgment, attestation, witness or similar
pages relating thereto from any such counterpart or copy hereof executed by the
authorizing party and affix same to one or more other identical counterparts or
copies hereof so that upon execution of multiple counterparts or copies hereof
by all parties hereto, there shall be one or more counterparts or copies hereof
to which is(are) attached signature pages containing signatures of all parties
hereto and any corresponding acknowledgment, attestation, witness or similar
pages relating thereto.

     19.  Miscellaneous.

          (a)  This Amendment shall be governed by, construed and enforced in
     accordance with the laws of the State of Tennessee, without reference to
     the conflicts or choice of law principles thereof.

          (b)  The headings in this Amendment and the usage herein of defined
     terms are for convenience of reference only, and shall not be construed as
     amplifying, limiting or otherwise affecting the substantive provisions
     hereof.

          (c)  Any reference herein to any instrument, document or agreement, by
     whatever terminology used, shall be deemed to include any and all
     amendments, modifications, supplements, extensions, renewals, substitutions
     and/or replacements thereof as the context may require.

          (d)  When used herein, (1) the singular shall include the plural, and
     vice versa, and the use of the masculine, feminine or neuter gender shall
     include all other genders, as appropriate, (2) "include", "includes" and
     "including" shall be deemed to be followed by "without limitation"
     regardless of whether such words or words of like import in fact follow
     same, and (3) unless the context clearly indicates otherwise, the
     disjunctive "or" shall include the conjunctive "and".

                          [Signatures Begin Next Page]

                                       7

<PAGE>

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed and delivered as of the date first written above.

                             BORROWER:

                             NN, INC.,
                             a Delaware corporation

                             By:   /s/ William C. Kelly, Jr.
                                ------------------------------------------------
                                Name:  William C. Kelly, Jr.
                                     -------------------------------------------
                                Title: Treasurer
                                      ------------------------------------------

                             GUARANTORS:

                             INDUSTRIAL MOLDING GP, LLC,
                             a Delaware limited liability company

                             By:   /s/ David L. Dyckman
                                ------------------------------------------------
                                Name:  David L. Dyckman
                                     -------------------------------------------
                                Title: Manager
                                      ------------------------------------------

                             INDUSTRIAL MOLDING LP, LLC,
                             a Tennessee limited liability company

                             By:   /s/ William C. Kelly, Jr.
                                ------------------------------------------------
                                Name:  William C. Kelly, Jr.
                                     -------------------------------------------
                                Title: Manager
                                      ------------------------------------------

                        [Signatures Continued Next Page]

                                       8

<PAGE>

                             INDUSTRIAL MOLDING GROUP, L.P.,
                             a Tennessee limited partnership

                             By:  Industrial Molding GP, LLC, a Delaware limited
                                  liability company, its general partner

                                  By:   /s/ David L. Dyckman
                                     -------------------------------------------
                                     Name:  David L. Dyckman
                                          --------------------------------------
                                     Title: GP, Manager
                                           -------------------------------------

                             DELTA RUBBER COMPANY,
                             a Connecticut corporation

                             By:   /s/ David L. Dyckman
                                ------------------------------------------------
                                Name:  David L. Dyckman
                                     -------------------------------------------
                                Title: Vice President
                                      ------------------------------------------

                             LENDERS:

                             AMSOUTH BANK, as a Lender and as
                             Administrative Agent

                             By:   /s/ Sarah Dawkins
                                ------------------------------------------------
                                Name:  Sarah Dawkins
                                     -------------------------------------------
                                Title: Officer
                                      ------------------------------------------

                             BANK ONE, KENTUCKY, NA, as a Lender and as
                             Co-Agent

                             By:   /s/ Thelma B. Ferguson
                                ------------------------------------------------
                                Name:  Thelma B. Ferguson
                                     -------------------------------------------
                                Title: First Vice President
                                      ------------------------------------------

                        [Signatures Continued Next Page]

                                       9

<PAGE>

                             FIRSTAR BANK, N.A., as a Lender

                             By: /s/ Russell S. Rogers
                                 -----------------------------------------------
                                 Name: Russell S. Rogers
                                       -----------------------------------------
                                 Title: Vice President
                                        ----------------------------------------

                             SUNTRUST BANK, as a Lender

                             By: /s/ William E. Edwards, III
                                 -----------------------------------------------
                                 Name: William E. Edwards, III
                                       -----------------------------------------
                                 Title: Group Vice President Corporate Banking
                                        ----------------------------------------

                             FIRST TENNESSEE BANK, NATIONAL ASSOCIATION,
                             as a Lender

                             By: /s/ Vincent Hickam
                                 -----------------------------------------------
                                 Name: Vincent Hickam
                                       -----------------------------------------
                                 Title: Executive Vice President
                                        ----------------------------------------

                                       10

<PAGE>

                                                                   EXHIBIT 2.2.5

                          [FORM OF NOTICE OF BORROWING]

                                     [Date]

AmSouth Bank
AmSouth Center
315 Deaderick Street
Nashville, TN 37237
Attn: Corporate Finance

Ladies and Gentlemen:

     Pursuant to that certain Credit Agreement dated as of July 20, 2001, among
NN, Inc., a Delaware corporation (the "Borrower"), the Subsidiaries of the
Borrower now or hereafter becoming parties thereto, the several lenders who are
or become parties thereto (the "Lenders"), AmSouth Bank, as administrative agent
for the Lenders (the "Administrative Agent"), and Bank One Kentucky, NA, as
co-agent (the "Co-Agent") (as the same heretofore may have been and/or hereafter
may be amended, restated, supplemented, extended, renewed, replaced or otherwise
modified from time to time, the "Credit Agreement"; capitalized terms used but
not defined herein shall have the meanings assigned thereto in the Credit
Agreement), [notice is hereby given of the Borrower's] [the Borrower hereby
confirms its prior telephonic] request to borrow on __________________ __, 200_
from the Lenders on a pro rata basis $____________ as [Base Rate] [LIBOR]
[Revolving] [Term] Loans. [The initial Interest Period for such LIBOR Loans is
requested to be a _____________ month period.] The proceeds of such [Revolving
Loans] [Term Loans] are to be deposited in the Borrower's account
#__________________ maintained with the Administrative Agent.

     The undersigned officer of the Borrower hereby certifies that (1) the
foregoing [Revolving Loans] [Term Loans] are permitted by, comply with all
requirements of and will not violate any provisions of the Credit Agreement,
including those set forth in Section 2.2.1 or Section 2.2.2 thereof, and (2) all
of the conditions of the Credit Agreement to the making of the foregoing
[Revolving Loans] [Term Loans], including those set forth in Section 6.2
thereof, have been satisfied.

                                       NN, INC.

                                       By:
                                           -------------------------------------
                                           Title:
                                                  ------------------------------<PAGE>
                                                                    EXHIBIT 10.1

                        FORM OF ESCROW AGREEMENT BETWEEN
                           DIVIDEND CAPITAL TRUST INC.
                                       AND
                           WELLS FARGO BANK WEST, N.A.
                                __________, 2002

Wells Fargo Bank West, N.A.
1740 Broadway
Denver, Colorado 80274

Attn:  Ethel M. Vick

         Re:  Dividend Capital Trust Inc. Escrow Agreement

Ladies and Gentlemen:

Dividend Capital Trust Inc., a Maryland corporation (the "Company"), proposes to
offer and sell to the public 29,000,000 shares of its common stock (the
"Shares"). Dividend Capital Securities LLC, a registered broker-dealer (the
"Dealer Manager"), will act as Dealer Manager for the offering of the Shares.
The Company will sell a minimum of 200,000 Shares at a price of $10.00 per Share
for a total minimum capital raised of $2,000,000 (the "Required Capital"). The
Company hereby appoints you as Escrow Agent for purposes of holding the proceeds
from the sale of the Shares, and the Company shall deposit with you such
proceeds to be held by you as Escrow Agent on the terms and conditions
hereinafter set forth:

         1. Persons subscribing to purchase the Shares will be instructed by the
Dealer Manager or any soliciting dealers to remit the purchase price in the form
of checks, draft or money orders (hereinafter call "instruments of payment")
payable to the order of Dividend Capital Trust Inc. Subscribers may also deliver
funds by wire transfer in accordance with wire transfer instructions which you
shall provide to Dealer Manager. Within one business day after receipt of
instruments of payment from the offering, the Dealer Manager will send to you:
(a) each subscriber's name, address, number of Shares purchased and purchase
price remitted, and (b) the instruments of payment from such subscribers for
deposit by you into the escrow account established by you in connection with the
offering of Shares (the "Escrow Account"), which deposit shall occur within one
business day after you receive such materials. Instruments of payment and wired
funds received from residents of New York and Pennsylvania shall be placed in a
separate escrow account established specifically for such subscribers.

         2. The instruments of payment are to be promptly processed for
collection by you following deposit by the Dealer Manager into the Escrow
Account. The proceeds thereof are to be held in the Escrow Account until such
funds are either returned to the subscribers in accordance with paragraph 3
hereof or otherwise disbursed in accordance with paragraph 6 hereof. In the
event any of the instruments of payment are returned to you for nonpayment prior
to receipt by you of the Required Capital, you shall promptly notify the Dealer
Manager in writing of such nonpayment and you are authorized to debit the Escrow
Account in the amount of such returned nonpayment as well as any interest earned
on the investment represented by such payment.

<PAGE>

         3. In the event that at the close of business on __________, 2003 (the
"Expiration Date") you are not in receipt of evidence of subscriptions accepted
on or before such date, and instruments of payment dated not later than that
date (or actual wired funds), for the purchase of Shares providing for total
purchase proceeds that equal the Required Capital (exclusive of any funds
received from subscriptions for Shares from entities which we have notified you
are affiliated with the Company or its Affiliates and exclusive of subscriptions
from New York and Pennsylvania residents) from at least 100 investors who we
confirm to you are independent of the Company and independent of each other, you
shall promptly notify the Company that such instruments of payment have not been
received by you. Thereafter, you agree to use your best efforts to obtain an
executed IRS Form W-9 or other applicable tax form from each subscriber.
Promptly following the Expiration Date, and in any event no later than five
business days after the Expiration Date, you shall promptly return by your check
the funds deposited in the Escrow Account, or shall return the instruments of
payment delivered to you if such instruments have not been processed for
collection prior to such time, directly to each subscriber at the address given
to the Company. Included in the remittance shall be a proportionate share of the
income earned in the account allocable to each subscriber's investment in
accordance with the terms and conditions specified in paragraph 7 hereof, except
that in the case of subscribers who have not provided you an executed Form W-9
or other applicable tax form, you shall withhold the applicable backup
withholding tax from the earnings attributable to those subscribers in
accordance with federal tax rules. Notwithstanding the foregoing, you shall not
be required to remit any payments until funds represented by such payments have
been collected by you.

              In the event that the Company rejects any subscription for which
you have already collected funds, you shall promptly issue a refund check to the
rejected subscriber. If the Company or Dealer Manager reject any subscription
for which you have not yet collected funds but have submitted the subscriber's
check for collection, you shall promptly issue a check in the amount of the
subscriber's check to the rejected subscriber after you have cleared such funds.
If you have not yet submitted a rejected subscriber's check for collection, you
shall promptly remit the subscriber's check directly to the subscriber.

         4. Following receipt by you of cash and instruments of payment (or
wired funds) of the Required Capital from at least 100 separate subscribers
prior to the time provided in paragraph 3 hereinabove, you shall notify the
Company in writing within one business day when such funds have been collected
through normal banking channels and deposited into the Escrow Account.

         5. Prior to the disbursement of funds deposited in the Escrow Account
in accordance with the provisions of paragraph 3 or 6 hereof, you shall invest
all of the funds deposited in the Escrow Account in Short-term Investments" (as
defined below) and you are further authorized and you agree to reinvest all
earnings and interest derived therefrom in any of the Short-term Investments
specified below. In the event that instruments of payment are returned to you
for nonpayment, you are authorized to debit the Escrow Account in accordance
with paragraph 2 hereof.

              "Short-term Investments" include obligations of, or obligations
guaranteed by, the United

                                       2
<PAGE>

States government or bank money-market accounts or certificates of deposits of
national or state banks that have deposits insured by the Federal Deposit
Insurance Corporation which can be readily sold or otherwise disposed of for
cash without any disposition of the offering proceeds invested.

                 The following securities are not permissible investments:

                 (a)      money-market mutual funds;

                 (b)      corporate equity or debt securities;

                 (c)      repurchase agreements;

                 (d)      bankers' acceptances;

                 (e)      commercial paper; and

                 (f)      municipal securities.

         6. All disbursements from the Escrow Account, except for disbursements
under the provisions of paragraph 3 hereof, shall be made by you only pursuant
to the provisions of this paragraph 6. Except for disbursements authorized upon
court order, you shall hold all funds in the Escrow Account until (i) the date
checks for Required Capital have cleared normal banking channels after receipt
by you of the Required Capital, and (ii) receipt of letter instructions from the
Company directing disbursements of such funds to the Company. Notwithstanding
the foregoing, all subscriptions received from New York, New Mexico and
Pennsylvania residents must be retained by you until the earlier of (i) 120 days
after the commencement of this offering or (ii) such time as a total of
$2,500,000, $12,500,000 and $12,500,000, respectively, has been deposited into
the Escrow Account by subscribers residing in all states. If at the end of such
120 day period the minimum respective escrow amounts set forth above for New
York and Pennsylvania have not been satisfied, then within 15 calendar days the
funds deposited by New York and/or Pennsylvania investors, as the case may be,
shall be returned to them. In disbursing such funds, you are authorized to rely
solely upon such letter instructions which you receive from the Company;
provided that, if in your opinion such letter instructions from the Company are
unclear, you are authorized to rely upon the written advice of legal counsel to
the Company in distributing such funds. However, you shall not be required to
disburse any funds attributable to instruments of payment which have not been
collected by you.

         7. In the event the offering of Shares terminates prior to receipt of
the Required Capital, income earned on subscription proceeds deposited in the
Escrow Account ("Gross Escrow Income") minus the total escrow expenses ("Net
Escrow Income") shall be remitted to subscribers in compliance with paragraph 3.
Each subscriber's pro rata portion of Net Escrow Income shall be determined as
follows: The total amount of Net Escrow Income shall be multiplied by a
fraction, the numerator of which is determined by multiplying the number of
Shares purchased by said subscriber times the number of days said subscriber's
proceeds are invested prior to termination of the offering, and the denominator
of which is the total of the numerators for all such subscribers.
Notwithstanding the foregoing, (i) escrow expenses may be deducted from the
Escrow Account only to the extent of Gross Escrow Income, and the Company shall
reimburse the Escrow Agent for any escrow expenses in excess of such amount, and
(ii) Maine, Missouri, New Mexico, North Carolina, Ohio and Pennsylvania
residents will be paid their pro rata portion of income earned on subscription
proceeds deposited in the Escrow Account without any deductions for escrow
expenses. You shall promptly notify the Company of the amount of

                                       3
<PAGE>

Net Escrow Income which subscribers who are Maine, Missouri, Ohio or
Pennsylvania residents would have received if escrow expenses were not deducted
from Gross Escrow Income, and the Company shall reimburse you for such pro rata
escrow expenses attributable to subscribers who are Maine, Missouri, Ohio or
Pennsylvania residents. You shall promptly remit all such Net Escrow Income in
accordance with paragraph 3.

         8. As compensation for serving as Escrow Agent hereunder, you shall
receive the fees set forth on Schedule A attached hereto.

         9. In performing any of your duties hereunder, you shall not incur any
liability to anyone for any damages, losses or expenses, except for willful
default, breach of trust, or gross negligence, and accordingly you shall not
incur any such liability with respect to any action taken or omitted (1) in good
faith upon advice of your counsel given with respect to any questions relating
to your duties and responsibilities under this Agreement, or (2) in reliance
upon any instrument which you shall in good faith believe to be genuine, to have
been signed or presented by a proper person or persons and to conform to the
provisions of this Agreement.

         10. The Company hereby agrees to indemnify and hold you harmless
against any and all losses, claims, damages, liabilities and expenses, including
reasonable attorneys' fees and disbursements, that may be imposed on you or
incurred by you in connection with your acceptance of appointment as the Escrow
Agent hereunder, or the performance of your duties hereunder, including any
litigation arising from this Agreement or involving the subject matter hereof,
except where such losses, claims, damages, liabilities and expenses result from
the willful default, breach of trust or gross negligence of the Escrow Agent or
any of its officers, employees or agents.

         11. In the event of a dispute between the parties hereto sufficient in
your discretion to justify doing so, you shall be entitled to tender into the
registry or custody of the District Court for Denver County all money or
property in your hands under this Agreement, together with such legal pleadings
as you deem appropriate, and thereupon be discharged from all further duties and
liabilities under this Agreement. In the event of any uncertainty as to your
duties hereunder, you may refuse to act under the provisions of this Agreement
pending order of a court of competent jurisdiction and you shall have no
liability to the Company or to any other person as a result of such action. Any
such legal action shall be brought in the District Court for Denver County. The
filing of any such legal proceedings shall not deprive you of your compensation
earned prior to such filing.

         12. All written notices required hereunder to you shall only be
effective if delivered personally or by certified mail, return receipt requested
to your address stated above. All written notices and letters required hereunder
to the Company or the Dealer Manager shall only be effective if delivered
personally or by certified mail, return receipt requested, to Dividend Capital
Trust Inc. or Dividend Capital Securities LLC, as the case may be, at 518 17th
Street, 17th Floor, Denver, Colorado, 80202.

         13. This Agreement shall be governed by the laws of the State of
Colorado as to both interpretation and performance.

                                       4
<PAGE>

         14. The provisions of this Agreement shall be binding upon the legal
representatives, heirs, successors and assigns of the parties hereto.

         15. The Company hereby acknowledges that you are serving as Escrow
Agent only for the limited purposes herein set forth, and hereby agrees that it
will not represent or imply that you, by serving as Escrow Agent hereunder or
otherwise, have investigated the merits of an investment in the Company, or have
approved, endorsed or passed upon the merits of the Shares. The Company further
agrees that it shall not use your name in any manner whatsoever in connection
with the offer or sale of the Shares other than by acknowledgment that you have
agreed to serve as Escrow Agent for the limited purposes herein set forth.

         16. This Agreement and any amendment hereto may be executed by the
parties hereto in one or more counterparts, each of which shall be deemed to be
an original.

         17. In the event that you receive instruments of payment (or wired
funds) after the Required Capital has been received and the proceeds of the
Escrow Account have been distributed to the Company, you are hereby authorized
to deposit such instruments of payment to a deposit account as directed by the
Company.

         18. The Escrow Agent shall be bound only by the terms of this Escrow
Agreement and shall not be bound or incur any liability with respect to any
other agreement or understanding between any other parties, whether or not the
Escrow Agent has knowledge of any such agreements or understandings.

         19. Indemnification provisions set forth herein shall survive the
termination of this Agreement.

         20. Upon acceptance and distribution of the Required Capital, this
Escrow Agreement shall terminate and the Escrow Agent shall have no further
responsibility or liability with regard to the terms of this Agreement.

         21. The Escrow Agent has no responsibility for accepting, rejecting or
approving subscriptions.

         22. This Agreement shall not be modified, revoked, released or
terminated unless reduced to writing and signed by all parties hereto, subject
to the following paragraph.

         23. The Escrow Agent may resign at any time from its obligation under
this Escrow Agreement by providing written notice to the Company. Such
resignation shall be effective on the date specified in such notice which shall
be not less than thirty (30) days after such written notice has been given. The
Escrow Agent shall have no responsibility for the appointment of a successor
escrow agent. Unless otherwise provided in this Agreement, final termination of
this Escrow Agreement shall occur on the date that all funds held in the Escrow
Account are distributed wither (a) to the Company pursuant to paragraph 6
hereof, or (b) to subscribers pursuant to paragraphs 3 and 7 hereof.

                                       5
<PAGE>

         24. The Escrow Agent may be removed for cause by the Company by written
notice to the Escrow Agent effective on the date specified in such notice. The
removal of the Escrow Agent shall not deprive the Escrow Agent of its
compensation earned prior to such removal.

         Agreed to as of the ____ day of _____________, 2002.

                                            DIVIDEND CAPITAL TRUST INC.,
                                            a Maryland corporation

                                            By:
                                                --------------------------------

                                            DIVIDEND CAPITAL SECURITIES LLC
                                            a Colorado limited liability company

                                            By:
                                                --------------------------------

                                            The terms and conditions
                                            contained above are hereby
                                            accepted and agreed to by:

                                            WELLS FARGO BANK WEST, N.A.

                                            By:
                                                --------------------------------
                                            Name:
                                                  ------------------------------
                                            Title:
                                                   -----------------------------

                                       6
<PAGE>

                                  SCHEDULE A TO
                              ESCROW AGREEMENT FOR
                           DIVIDEND CAPITAL TRUST INC.

                           WELLS FARGO BANK WEST, N.A.
                            CORPORATE TRUST SERVICES
                              ESCROW FEE SCHEDULEo

<Table>
<S>                                          <C>             <C>
INCEPTION FEE                                                EXTRAORDINARY SERVICES

o  $500                                                      Additional reasonable compensation will be charged for
                                                             extraordinary services based on our then current standard hourly
                                                             charge. Extraordinary services include, but are not limited to,
                                                             attending escrow closings, processing assignments of escrow
                                                             interest, reviewing and accepting modifications or amendments to
                                                             the escrow agreement, and letter of credit draws.
ANNUAL REGISTRATION FEE*

Minimum Annual Fee                             $2,000.00     REIMBURSABLES

ANNUAL SUBACCOUNT FEE                                        All out-of-pockets expenses incurred in the administration of
(IF APPLICABLE)                                              the account, including, but not limited to, postage, telephone
         Per subaccount                          $500.00     charges, insurance, photocopies, supplies, and legal fees with
                                                             the exception of legal fees incurred at the inception of the
                                                             account, will be billed to the customer at cost.

TRANSACTION CHARGES                                          OVERDRAFTS

Security Transactions                            $ 25.00     Any overdrafts at Wells Fargo Bank West caused by failed or
Wire Transfers                                    $15.00     incomplete wires of funds or failed or incomplete securities
Receipts                                           $5.00     deliveries will be reimbursable to Wells Fargo Bank West at
Disbursements                                      $5.00     prime plus two percent (2%)
Preparing Interest Allocations                $10.00/per
Preparing and Filing Taxpayer                calculation
                                                  $25.00
Reports                                          $100.00
         Each 1099
         Minimum Charge
*BILLED ANNUALLY IN ADVANCE; NO PRORATION
</Table>

                                       7

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