Document:

Environmental and Hazardous Substances Indemnity Agreement

 Exhibit 10.4 
 ENVIRONMENTAL AND HAZARDOUS SUBSTANCES INDEMNITY AGREEMENT 
 Project
Commonly Known As 
 “Topaz Marketplace, Hesperia, San Bernardino County, California” 

THIS ENVIRONMENTAL AND HAZARDOUS SUBSTANCES INDEMNITY AGREEMENT (this “Indemnity Agreement”)
is executed and delivered as of the 22nd day of September,
2011, by TNP SRT TOPAZ MARKETPLACE, LLC, a Delaware limited liability company having an address at 1900 Main Street, Suite 700, Irvine, California 92614 (“Property Borrower”), TNP SRT SECURED HOLDINGS, LLC, a Delaware
limited liability company having an address at 1900 Main Street, Suite 700, Irvine, California 92614 (“Secured Holdings”), TNP STRATEGIC RETAIL OPERATING PARTNERSHIP, LP, a Delaware limited partnership having an
address at 1900 Main Street, Suite 700, Irvine, California 92614 (“OP”), TNP SRT SAN JACINTO, LLC, a Delaware limited liability company (“San Jacinto”), TNP SRT MORENO MARKETPLACE, LLC, a Delaware
limited liability company (“Moreno”), TNP SRT CRAIG PROMENADE, LLC, a Delaware limited liability company (“Craig Promenade”), TNP SRT NORTHGATE PLAZA TUCSON, LLC, a Delaware limited liability company
(“Northgate”), TNP SRT PINEHURST EAST, a Delaware Limited Liability Company (“Pinehurst”) and TNP STRATEGIC RETAIL TRUST, INC., a Maryland corporation having an address at 1900 Main Street, Suite 700,
Irvine, California 92614 (“REIT”) (collectively, Property Borrower, Secured Holdings, OP, San Jacinto, Moreno, Craig Promenade, Northgate, Pinehurst and the REIT are referred to herein as, the “Indemnitors” and
individually as an “Indemnitor”), to and for the benefit of KEYBANK NATIONAL ASSOCIATION, a national banking association, as Agent (in such capacity, “Agent”), its successors and assigns, for itself and any
other lenders who become Lenders under the Loan Agreement (as hereinafter defined) (collectively referred to as “Lenders” and each individually referred to as a “Lender”). 

R E C I T A L S: 

A. Property Borrower, Secured Holdings, San Jacinto, Moreno, Craig Promenade, Northgate, Pinehurst, Agent and Lenders are parties to that
certain Revolving Credit Agreement dated as of December 17, 2010, as amended by that Joinder Agreement and First Omnibus Amendment and Reaffirmation of Loan Documents dated as of March 30, 2011, by that Letter Agreement dated as of
March 31, 2011, by that Joinder Agreement and Second Omnibus Amendment and Reaffirmation of Loan Documents dated as of May 20, 2011, by that Joinder Agreement and Third Omnibus Amendment and Reaffirmation of Loan Documents dated as of
May 26, 2011, by those certain Letter Agreements dated as of June 30, 2011, August 23, 2011 and August 25, 2011 by that Joinder Agreement and Fourth Omnibus Amendment and Reaffirmation of Loan Documents of even date herewith
(as may be further amended, restated and/or modified from time to time, the “Loan Agreement”) whereby Lenders agree to provide to Secured Holdings, San Jacinto, Moreno, Craig Promenade, Northgate, Pinehurst, Property Borrower and
any other borrowers (collectively “Borrowers”) who become Borrowers under the revolving credit facility in a maximum principal amount of up to FORTY-FIVE MILLION DOLLARS ($45,000,000), as may be later increased to ONE HUNDRED FIFTY
MILLION DOLLARS ($150,000,000), and which obligations of Secured Holdings, San Jacinto, Moreno, 

 
Craig Promenade, Northgate, Pinehurst, Property Borrower and any other Borrowers to the Lenders under the Loan Agreement are evidenced by, among other things, one or more Revolving Credit Notes
dated as of December 17, 2010 by Secured Holdings, San Jacinto, Moreno, Craig Promenade, Northgate, Pinehurst and Property Borrower (and which may later be amended to include any other Borrowers) in favor of the Lenders and in the original
principal amount of THIRTY-FIVE MILLION DOLLARS ($35,000,000), as amended by that Amendment to Revolving Credit Note dated as of May 26, 2011, which temporarily increased the principal amount to THIRTY-EIGHT MILLION DOLLARS ($38,000,000) and by
that Second Amendment to Revolving Credit Note of even date herewith, which temporarily increased the principal amount to FORTY-FIVE MILLION DOLLARS ($45,000,000) (as amended, restated, substituted and/or modified from time to time, collectively the
“Note”). Capitalized terms used and not otherwise defined herein shall have the meanings given to them in the Loan Agreement. 
 B. A portion of the Loan is being used by Property Borrower to purchase a parcel of land commonly known as “Topaz Marketplace” located at 14177 Main Street, City of Hesperia, County of San
Bernardino, State of California, and more particularly described on Exhibit A attached hereto (the “Land”), which Land has been improved by certain buildings, together with surface parking for vehicles and additional
improvements which may exist now or which are hereafter constructed (collectively, the “Improvements”). The Land and the Improvements shall be collectively referred to herein as the “Property”). 

C. As security for the Loan, Property Borrower has executed and delivered to Agent (i) that certain Deed of Trust, Assignment of
Rents, Security Agreement and Fixture Filing dated of even date herewith made by Property Borrower in favor of the Agent (as amended, restated and/or modified from time to time the “Deed of Trust” with respect to the Property, and
(ii) the other Loan Documents (as defined in the Loan Agreement). 
 D. Borrowers, the OP and the REIT will derive
financial benefit from the Loan evidenced and secured by the Note, the Deed of Trust and the other Loan Documents. 
 E. As a
condition to making the Loan, Agent and Lenders require the Indemnitors to indemnify Agent and Lenders upon the occurrence of certain events. 
 F. Lenders have relied on the statements and agreements contained herein in agreeing to make the Loan. The execution and delivery of this Indemnity Agreement by Indemnitors is a condition precedent to the
making of the Loan by Lenders. 
 A G R E E M E N T S:

 In consideration of the Recitals set forth above and hereby incorporated herein, and for other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, Indemnitors hereby agree as follows: 
 1.
Definitions. 
 (a) Capitalized terms used herein shall have the meanings set forth in Section 1(b) of
this Indemnity Agreement or in the specific sections of this Indemnity Agreement. Initially capitalized terms used and not otherwise defined in this Indemnity Agreement shall have the meanings respectively ascribed to them in the Loan Agreement.

  
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 (b) For purposes of this Indemnity Agreement, the following terms shall have the meanings as
hereinafter set forth: 
 “Environmental Laws” means, collectively, all Laws related to or
regulating or otherwise related to Hazardous Material, drinking water, groundwater, wetlands, landfills, open dumps, storage tanks, underground storage tanks, solid waste, waste water, storm water run-off, waste emissions or wells. Without limiting
the generality of the foregoing, the term shall encompass each of the following statutes, and regulations promulgated thereunder, and amendments and successors to such statutes and regulations, as may be enacted and promulgated from time to time:
the Comprehensive Environmental Response Compensation and Liability Act (42 U.S.C. §9601 et seq.), the Hazardous Materials Transportation Act (49 U.S.C. §1801 et seq.), the Public Health Service Act (42 U.S.C.
§300(f) et seq.), the Pollution Prevention Act (42 U.S.C. §13101 et seq.), the Federal Insecticide, Fungicide and Rodenticide Act (7 U.S.C. 5136 et seq.), the Resource Conservation and Recovery Act (42
U.S.C. §6901 et seq.), the Federal Clean Water Act (33 U.S.C. §1251 et seq.), the Federal Clean Air Act (42 U.S.C. §7401 et seq.), and any and all applicable California and/or Federal statutes, laws
and regulations regarding Hazardous Materials, as amended or restated from time to time including any successor thereto, and any regulations promulgated pursuant thereto. 

“Environmental Proceedings” means any proceedings, hearings or meetings, whether civil (including actions
by private parties), criminal, or administrative proceedings, relating to the environmental conditions or any Hazardous Material at, under, upon, emanating to or from or otherwise related to the Property. 

“Governmental Authority” means any federal, state, county or municipal government, or political
subdivision thereof, any governmental or quasi-governmental agency, authority, board, bureau, commission, department, instrumentality, or public body, or any court, administrative tribunal, or public utility. 

“Hazardous Material” means and includes gasoline, petroleum, asbestos containing materials, explosives,
radioactive materials or any hazardous or toxic material, substance or waste which is defined by those or similar terms or is regulated as such under any Law of any Governmental Authority having jurisdiction over the Property or any portion thereof
or its use, including: (i) any “hazardous substance” defined as such in (or for purposes of) the Comprehensive Environmental Response, Compensation and Liability Act, 42 U.S.C.A. §9601(14) as may be amended from time to time, or
any so-called “superfund” or “superlien” Law, including the judicial interpretation thereof; (ii) any “pollutant or contaminant” as defined in 42 U.S.C.A. §9601(33); (iii) any material now defined as
“hazardous waste” pursuant to 40 C.F.R. Part 260; (iv) any petroleum, including crude oil or any fraction thereof; (v) natural gas, natural gas liquids, liquefied natural gas, or synthetic gas usable for fuel; (vi) any
“hazardous chemical” as defined pursuant to 29 C.F.R. Part 1910; and (vii) any other toxic substance or contaminant that is subject to any other Law or other past or present requirement of any Governmental Authority. 

  
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 “Indemnified Parties” means Agent, each Lender,
Agent’s and each Lender’s parent, subsidiaries and affiliates, each of their respective shareholders, directors, officers, employees and agents, and the successors and assigns of any of them; and “Indemnified Party” shall
mean any one of the Indemnified Parties. 
 “Laws” means, collectively, all federal, state and
local laws, statutes, codes, ordinances, orders, rules and regulations, including judicial and administrative decrees and opinions or precedential authority in the applicable jurisdiction. Any reference above to a Law, includes the same as it may be
amended from time to time, including the judicial interpretation thereof. 
 “Release” shall
mean any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, storing, escaping, leaching, dumping, or discarding, burying, abandoning, or disposing into the environment. 

“Threat of Release” shall mean a substantial likelihood of a Release which requires action to prevent or
mitigate damage to the environment which may result from such Release. 
 2. Representations and Warranties. Each
Indemnitor hereby represents and warrants to Agent and Lenders (i) that, except as specifically disclosed in the Environmental Reports listed in Exhibit B attached hereto and delivered on or before the date of this Indemnity Agreement
(the “Environmental Documents”) to the best of its knowledge, (a) the Property has been and is free from contamination by Hazardous Material, and (b) no Release of any Hazardous Material has occurred on, onto or about the
Property; (ii) that to its knowledge, except as specifically disclosed in the Environmental Documents or the Loan Documents, the Property currently complies, and will comply based on its anticipated use, with all Environmental Laws;
(iii) that, to Indemnitor’s knowledge in connection with the ownership, operation, and use of the Property, all necessary notices have been filed and all required permits, licenses and other authorizations have been obtained, including
those relating to the generation, treatment, storage, disposal or use of Hazardous Material; (iv) that to the best of its knowledge, except as disclosed in the Environmental Documents, there is no present, past or threatened investigation,
inquiry, judicial or administrative proceeding, complaint, action, notice, order or claim relating to the environmental condition of, or to events on or about, the Property; (v) except for the release and indemnifications by Property Borrower
in favor of the seller set forth in the Purchase and Sale Agreement pursuant to which Property Borrower acquired the Property, it has not, nor will it, release or waive the liability of any previous owner, lessee or operator of the Property or
any party who may be potentially responsible for the presence of or removal of Hazardous Material from the Property, nor has it made promises of indemnification regarding Hazardous Material on the Property to any party, except as contained herein
and in the Loan Documents; (vi) to its knowledge, there are no existing or closed underground storage tanks or other underground storage receptacles for Hazardous Materials on the Property; (vii) to its knowledge, except as disclosed in
the Environmental Documents, no notice received of a claim by any party that any use, operation or condition of the Property or any of the Property Borrower’s operations has caused any nuisance or any other liability or adverse condition on any
other property nor does the Property Borrower know of any basis for such a claim; and (viii) to its knowledge, except as disclosed in the Environmental Documents, there are no agreements, consent orders, decrees, judgments, license or permit
conditions or other orders or directives of any federal, state or local 

  
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court, Governmental Authority or agreements, whether settlement agreements or otherwise, with any third parties relating to the ownership, use, operation, sale, transfer or conveyance of the
Property that require any change in the present condition of the Property or any work, repairs, construction, containment, clean up, investigations, studies, removal or other remedial action or capital expenditures with respect to the Property.

 3. Covenants. Indemnitors shall 
 (a) comply, and cause all other persons and entities on or occupying the Property to comply, with all Environmental Laws in all material respects; 

(b) not install, use, generate, manufacture, store, treat, release or dispose of, nor permit the installation, use, generation, storage,
treatment, release or disposal of, Hazardous Material on, under or about the Property except in compliance with all Environmental Laws; 
 (c) immediately advise Agent in writing of: 
 (i) any and all
Environmental Proceedings; 
 (ii) the presence of any Hazardous Material in violation of any Environmental Law
on, under or about the Property of which Agent has not previously been advised in writing; 
 (iii) any remedial
action taken by, or on behalf of, any Indemnitor in response to any Hazardous Material on, under or about the Property or to any Environmental Proceedings of which Agent has not previously been advised in writing; 

(iv) the discovery by any Indemnitor of the presence of any Hazardous Material on, under or about any real property or
bodies of water immediately adjoining the Property in violation of any Environmental Law; and 
 (v) the
discovery by any Indemnitor of any occurrence or condition on any real property adjoining or in the vicinity of the Property that could cause the Property or any part thereof to be subject to any restrictions on the ownership, occupancy,
transferability or use of the Property under any Environmental Law; 
 For the purposes hereof, the term “discovery”
shall mean the date that Indemnitor acquires actual knowledge of such fact or circumstance. 
 (d) provide Agent with copies of
all reports, analyses, notices, licenses, approvals, orders, correspondences or other written materials in its possession or control relating to the presence of Hazardous Material at the Property in violation of any Environmental Law or
Environmental Proceedings immediately upon receipt, completion or delivery of such materials; 
 (e) not install or allow to be
installed any tanks on, at or under the Property in violation of any Environmental Law; 

  
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 (f) not create or permit to continue in existence any lien (whether or not such lien has
priority over the lien created by the Deed of Trust) upon the Property imposed pursuant to any Environmental Law; 
 (g) not
change or alter the present use of the Property unless Indemnitors shall have notified Agent thereof in writing and Agent shall have determined, in its sole and absolute discretion, that such change or modification will not result in the presence of
Hazardous Material in violation of any Environmental Law on the Property in such a level that would increase the potential liability for Environmental Proceedings; and 
 (h) subject to the limitations on indemnity set forth in Section 6 below, upon demand by an Indemnified Party, diligently defend any Environmental Proceeding or claim related to the noncompliance of
any Environmental Law with respect to the Property or the use thereof, all at the Indemnitors’ own cost and expense and by counsel approved by Agent in the exercise of its reasonable judgment; provided, however, that Agent may elect, at any
time, to conduct its own defense through counsel selected by Agent at the sole cost and expense of the Indemnitors. 
 Notwithstanding
subsection (h) above, unless an Event of Default shall have occurred and be continuing, the Indemnitors shall be entitled to assume the defense of any action for which indemnification is sought hereunder to the extent permitted by
Section 9.03(c) of the Loan Agreement. 
 4. Right of Entry and Disclosure of Environmental Reports. Subject
to the Leases (as defined in the Deed of Trust) and the rights of tenants thereunder, Property Borrower hereby grants to Agent its agents, employees, consultants and contractors, an irrevocable license and authorization to enter upon and inspect the
Property, at reasonable times and upon reasonable advance notice, and to conduct such environmental audits and tests, including, without limitation, subsurface testing, soils and groundwater testing, and other tests which may physically invade the
Property, which Agent, in its reasonable discretion, determines are necessary or desirable. With respect to invasive testing, such as soil borings, Agent shall consult with Property Borrower in advance of such tests. Agent agrees, however, that it
shall not conduct any such audits, unless an Event of Default exists under the Loan Documents or Agent has reason to believe that such audit may disclose the Release, Threat of Release and/or presence of Hazardous Material or unless any previously
conducted environmental audit deems further testing necessary. Without limiting the generality of the foregoing, Property Borrower agrees that Agent shall have the right to appoint a receiver to enforce this right to enter and inspect the Property
to the extent such authority is provided under applicable law. All reasonable out-of-pocket costs and expenses incurred by Agent in connection with any inspection, audit or testing conducted in accordance with this Section 4 shall be
paid by the Indemnitors upon demand by Agent. The results of all investigations and reports prepared by Agent shall be and at all times remain the property of Agent and under no circumstances shall Agent have any obligation whatsoever to disclose or
otherwise make available to Indemnitors or any other party such results or any other information obtained by it in connection with such investigations and reports; provided, however, that if there exists no Event of Default under the Loan Documents,
if requested by Property Borrower, Agent shall provide to Property Borrower a copy of the written report with respect to any inspection, audit or testing for which Property Borrower has paid hereunder. Agent hereby reserves the right, and
Indemnitors hereby expressly authorize Agent to make available to any party in connection with a sale of the Property any and all reports, 

  
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whether prepared by Agent or prepared by Property Borrower and provided to Agent (collectively, the “Environmental Reports”) which Agent may have with respect to the Property.
Each Indemnitor consents to Agent notifying any party under such circumstances of the availability of any or all of the Environmental Reports and the information contained therein. Each Indemnitor further agrees that Agent may disclose such
Environmental Reports to any governmental agency or authority if they reasonably believe that they are required to disclose any matter contained therein to such agency or authority; provided that Agent shall give Property Borrower at least 48 hours
prior written notice before so doing. Each Indemnitor acknowledges that Agent cannot control or otherwise assure the truthfulness or accuracy of the Environmental Reports, and that the release of the Environmental Reports, or any information
contained therein, to prospective bidders at any foreclosure sale of the Property may have a material and adverse effect upon the amount which a party may bid at such sale. Each Indemnitor agrees that Agent (i) owes no duty of care to protect
the Indemnitors or any other Person from, or to inform the Indemnitors or any other Person of, any Hazardous Material or any other environmental condition affecting the Property and (ii) shall not have any liability whatsoever as a result of
delivering any or all of the Environmental Reports or any information contained therein to any Indemnitor or any other Person, and each Indemnitor hereby releases and forever discharges Agent and Lenders from any and all claims, damages, or causes
of action arising out of connected with or incidental to the Environmental Reports or the delivery thereof. 
 5.
Indemnitor’s Remedial Work. Indemnitors shall promptly perform or with respect to the corrective actions, if any, described in the Environmental Documents, cause to be performed any and all necessary remedial work
(“Remedial Work”) in response to any Environmental Proceedings and/or required by applicable governmental authority having jurisdiction or the presence, storage, use, disposal, transportation, discharge or release of any Hazardous
Material on, under or about any of the Property; provided, however, that Property Borrower shall perform or cause to be performed such Remedial Work so as to minimize any impairment to Agent’s security under the Loan Documents. 

All Remedial Work shall be conducted: 
 a. in a diligent and timely fashion by licensed contractors acting under the supervision of a consulting environmental engineer; 

b. pursuant to a detailed written plan for the Remedial Work approved by any public or private agencies or persons with a
legal or contractual right to such approval; 
 c. with such insurance coverage pertaining to liabilities arising
out of the Remedial Work as is then customarily maintained with respect to such activities; and 
 d. only
following receipt of any required permits, licenses or approvals. 
 The selection of the Remedial Work contractors and
consulting environmental engineer, the contracts entered into with such parties, any disclosures to or agreements with any public or private agencies or parties relating to Remedial Work and the written plan for the Remedial Work (and any changes
thereto) shall each be subject to Agent’s prior written approval, which 

  
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shall not be unreasonably withheld or delayed. In addition, Indemnitors shall submit to Agent, promptly upon receipt or preparation, copies of any and all reports, studies, analyses,
correspondence, governmental comments or approvals, proposed removal or other Remedial Work contracts and similar information prepared or received by Indemnitors in connection with any Remedial Work, or Hazardous Material relating to the Property.
All costs and expenses of such Remedial Work shall be paid by Indemnitors, including, without limitation, the charges of the Remedial Work contractors and the consulting environmental engineer, any taxes or penalties assessed in connection with the
Remedial Work and Agent’s reasonable fees and out-of-pocket costs incurred in connection with monitoring or review of such Remedial Work. Agent shall have the right but not the obligation to join and participate in, as a party if it so elects,
any legal proceedings or actions initiated in connection with any Environmental Proceedings. 
 6. Indemnity.
Subject to the limitations set forth in Section 4 above regarding the defense and settlement of Environmental Proceedings and claims, Indemnitors, each jointly and severally, covenant and agree, at their sole cost and expense, to indemnify,
defend (at trial and appellate levels and with attorneys, consultants and experts reasonably acceptable to Agent) and hold each Indemnified Party harmless against and from any and all liens, damages, losses, liabilities, obligations, settlement
payments, penalties, assessments, citations, directives, claims, litigation, demands, defenses, judgments, suits, proceedings, costs, disbursements or expenses of any kind or of any nature whatsoever (including, without limitation, reasonable
attorneys’, consultants’ and experts’ fees and disbursements incurred in investigating, defending against, settling or prosecuting any claim, litigation or proceeding) (collectively, “Expenses”) which may at any time
be imposed upon, incurred by or asserted or awarded against such Indemnified Party or the Property, and arising directly or indirectly from or out of: (A) the Release or Threat of Release of any Hazardous Materials on, in, under or affecting
all or any portion of the Property or emanating from the Property and affecting any areas surrounding the Property, regardless of whether or not caused by or within the control of Property Borrower; (B) a material violation of any Environmental
Law applicable to the Property or the Property Borrower, whether or not caused by or within the control of Property Borrower; (C) the failure of Property Borrower to comply with the terms and conditions of this Indemnity Agreement in all
material respects; (D) the violation of any Laws in connection with other real property of Property Borrower which gives or may give rise to any rights whatsoever in any party with respect to the Property by virtue of any Environmental Laws;
(E) the enforcement of this Indemnity Agreement, including, without limitation, (i) the reasonable costs of assessment, containment and/or removal of any and all Hazardous Materials in violation of any Environmental Law from all or any
portion of the Property or any surrounding areas impacted by any Hazardous Materials emanating from the Property in violation of any Environmental Law, (ii) the costs of any reasonable actions taken in response to a Release or Threat of Release
of any Hazardous Materials on, in, under or affecting all or any portion of the Property to prevent or minimize such Release or Threat of Release, if required by applicable Environmental Laws, and (iii) reasonable costs actually incurred to
comply with all Laws (including all Environmental Laws) in connection with all or any portion of the Property or any surrounding areas impacted by any Hazardous Materials emanating from the Property; or (F) all foreseeable and all unforeseeable
Expenses arising out of: Environmental Proceedings or the use, generation, storage, discharge or disposal of Hazardous Material in violation of any Environmental Law by Indemnitors, any prior owner or operator of the Project or any person on or
about the Project; (ii) any residual contamination affecting any natural resource or the environment in violation of any Environmental Law; or (iii) any exercise by Agent of any of its rights and remedies hereunder; and 

  
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 Indemnitors’ liability to the aforementioned indemnified parties shall arise upon the
earlier to occur of (1) discovery of any Hazardous Material in violation of any Environmental Law on, under or about the Property, or (2) the institution of any Environmental Proceedings, and not upon the realization of loss or damage, and
Indemnitors shall pay to Agent from time to time, immediately upon request, an amount equal to such Expenses, as reasonably determined by Agent. In addition, in the event any Hazardous Material is removed, or caused to be removed from the Property,
by Indemnitors, Agent or any other person, the number assigned by the U.S. Environmental Protection Agency to such Environmental Proceedings or any similar identification shall in no event be in the name of Agent or identify the Agent as a
generator, arranger or other designation. The foregoing indemnity shall not include Expenses arising solely from (A) the gross negligence or willful misconduct of Agent or any Indemnified Party; (B) Hazardous Material which first exists on
the Property following the date on which the Agent takes title to the Property, whether by foreclosure of the Deed of Trust, deed-in-lieu thereof or otherwise; or (C) Hazardous Material which first exists on the Property following the date on
which Agent releases its security interest in the Property. 
 7. Remedies Upon Default. In addition to any other
rights or remedies Agent may have under this Indemnity Agreement, at law or in equity, in the event that Indemnitors shall fail to timely comply with any of the provisions hereof, or in the event that any representation or warranty made herein
proves to be false or misleading when made in a material respect, then, in such event, after (i) delivering written notice to Indemnitors, which notice specifically states that Indemnitors have failed to comply with the provisions of this
Indemnity Agreement; and (ii) the expiration of the later to occur of the thirty (30) day period after receipt of such notice or the cure period, if any, permitted under any applicable law, rule, regulation or order with which Indemnitors
shall have failed to comply, Agent may declare an Event of Default under the Loan Documents and exercise any and all remedies provided for therein, and/or do or cause to be done whatever is reasonably necessary to cause the Property to comply with
all Environmental Laws and the cost thereof shall constitute an Expense hereunder and shall become immediately due and payable without notice and with interest thereon at the Default Rate until paid. Subject to the Leases and rights of tenants
thereunder, Indemnitors shall give to Agent and its agents and employees access to the Property for the purpose of effecting such compliance and hereby specifically grant to Agent a license, effective upon expiration of the applicable period as
described above, if any, to do whatever is necessary to cause the Property to so comply, including, without limitation, to enter the Property and remove therefrom any Hazardous Material in violation of an Environmental Law or otherwise comply with
any Environmental Laws. 
 8. Obligations. The obligations set forth herein, including, without limitation,
Indemnitors’ obligation to pay Expenses hereunder, are collectively referred to as, the “Environmental Obligations”. Notwithstanding any term or provision contained herein or in the Loan Documents, the Environmental Obligations
are unconditional. Indemnitors shall be fully and personally liable for the Environmental Obligations hereunder, and such liability shall not be limited to the original principal amount of the Loan. The Environmental Obligations shall survive the
repayment of the Loan and any foreclosure, deed-in-lieu of foreclosure or similar proceedings by or through which Agent, and Lender, or any of their affiliates, nominees, successors or assigns or any other person bidding at a foreclosure sale may
obtain title to the Property or any portion thereof, except as otherwise set forth in Section 6 hereof. 

  
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 The liabilities of Indemnitors under this Indemnity Agreement shall in no way be limited or
impaired by, and each Indemnitor hereby consents to and agrees to be bound by, any amendment or modification of the provisions of the Loan Documents to or with Agent by Property Borrower, Secured Holdings, San Jacinto, Moreno, Craig Promenade,
Northgate or any Borrower or Guarantor or any related party to or affiliate of Agent or any Lender who succeeds Property Borrower as owner of the Property. In addition, notwithstanding any terms of any of the Loan Documents to the contrary, the
liability of each Indemnitor under this Indemnity Agreement shall in no way be limited or impaired by: (i) any extensions of time for performance required by any of the Loan Documents; (ii) any sale, assignment or foreclosure of the Note
or the Deed of Trust or any sale or transfer of all or part of the Property; (iii) any exculpatory provision in any of the Loan Documents limiting Agent’s or any Lender’s recourse to property encumbered by the Deed of Trust or to any
other security, or limiting Agent’s or any Lender’s rights to a deficiency judgment against Property Borrower or any other Borrower; (iv) the accuracy or inaccuracy of the representations and warranties made by Property Borrower or
any Borrower or Guarantor under any of the Loan Documents; (v) the release of Property Borrower, any Borrower or Guarantor or any other person from performance or observance of any of the agreements, covenants, terms or conditions contained in
the Loan Documents by operation of law, Agent’s or any Lender’s voluntary act, or otherwise; (vi) the release or substitution, in whole or in part, of any security for the Note; or (vii) Agent’s failure to record the Deed of
Trust or file any UCC-1 financing statements (or Agent’s improper recording or filing of any thereof) or to otherwise perfect, protect, secure or insure any security interest or lien given as security for the Note; and, in any such case,
whether with or without notice to Property Borrower or any Guarantor and with or without consideration. 
 Each Indemnitor
waives any right or claim of right to cause a marshalling of Property Borrower’s or any other Borrower’s assets or to cause Agent to proceed against any of the security for the Loan before proceeding under this Indemnity Agreement against
any Indemnitor or to proceed against any Indemnitor in any particular order; each Indemnitor agrees that any payments required to be made hereunder shall become due on demand; each Indemnitor expressly waive and relinquish all rights and remedies
(including any rights of subrogation) accorded by applicable law to indemnitors or guarantors. 
 9. Waiver. No
waiver of any provision of this Indemnity Agreement nor consent to any departure by Indemnitors therefrom shall in any event be effective unless the same shall be in writing and signed by Agent and then such waiver or consent shall be effective only
in the specific instance and for the specific purpose for which given. No notice to or demand on Indemnitors shall in any case entitle Indemnitors to any other or further notice or demand in similar or other circumstances. 

10. Exercise of Remedies. No failure on the part of Agent to exercise and no delay in exercising any right or remedy
hereunder, at law or in equity, shall operate as a waiver thereof. Agent shall not be estopped to exercise any such right or remedy at any future time because of any such failure or delay; nor shall any single or partial exercise of any such right
or remedy preclude any other or further exercise of such right or remedy or the exercise of any other right or remedy. 

  
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 11. Assignment. Agent may assign its interest under this Indemnity Agreement
to any successor to its respective interests in the Property or the Loan Documents. This Indemnity Agreement may not be assigned or transferred, in whole or in part, by any Indemnitor and any purported assignment by any Indemnitor of this Indemnity
Agreement shall be void ab initio and of no force or effect. 
 12. Counterparts. This Indemnity
Agreement may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed and delivered shall be deemed to be an original and all of such counterparts taken together shall constitute
but one and the same instrument. 
 13. Governing Law. This Indemnity Agreement shall be governed by, and shall be
exclusively construed in accordance with, the laws of the State of California. 
 14. Modifications. This
Indemnity Agreement may be amended or modified only by an instrument in writing which by its express terms refers to this Indemnity Agreement and which is duly executed by Indemnitors and consented to in writing by Agent. 

15. Attorneys’ Fees. If Agent commences litigation for the interpretation, enforcement, termination, cancellation or
rescission of this Indemnity Agreement, or for damages for the breach of this Indemnity Agreement, Agent shall be entitled to its reasonable attorneys’ fees (including, but not limited to, in-house counsel fees) and court and other costs
incurred in connection therewith. 
 16. Interpretation. This Indemnity Agreement has been negotiated by parties
knowledgeable in the matters contained herein, with the advice of counsel, is to be construed and interpreted in absolute parity, and shall not be construed or interpreted against any party by reason of such party’s preparation of the initial
or any subsequent draft of the Loan Documents or this Indemnity Agreement. 
 17. Severability. If any term or
provision of this Indemnity Agreement shall be determined to be illegal or unenforceable, all other terms and provisions in this Indemnity Agreement shall nevertheless remain effective and shall be enforced to the fullest extent permitted by law.

 18. Other Laws. Nothing in this Indemnity Agreement, and no exercise by Agent of its rights or remedies under
this Indemnity Agreement, shall impair, constitute a waiver of, or in any way affect Agent’s rights and remedies with respect to Indemnitors under any Environmental Laws, including without limitation, contribution provisions or private right of
action provisions under such Environmental Laws. 

  
 -11-

 19. Notices. Any notice, demand, request or other communication which any
party hereto may be required or may desire to give hereunder shall be in writing and shall be deemed to have been properly given (a) if hand delivered, when delivered; (b) if mailed by United States Certified Mail (postage prepaid, return
receipt requested), three Business Days after mailing; (c) if by Federal Express or other reliable overnight courier service, on the next Business Day after delivered to such courier service; or (d) if by telecopier on the day of
transmission so long as copy is sent on the same day by overnight courier as set forth below: 
  

					
	Property Borrower:	  	TNP SRT TOPAZ MARKETPLACE, LLC
		  	1900 Main Street, Suite 700
		  	Irvine, CA 92614
		  	Attention:	  	James Wolford
		  	Telephone:	  	(949) 833-8252
		  	Facsimile:	  	(949) 252-0212
		
	Secured Holdings:	  	TNP SRT Secured Holdings, LLC
		  	1900 Main Street, Suite 700
		  	Irvine, CA 92614
		  	Attention:	  	James Wolford
		  	Telephone:	  	(949) 833-8252
		  	Facsimile:	  	(949) 252-0212
		
	OP:	  	TNP Strategic Retail Operating Partnership, LP
		  	1900 Main Street, Suite 700
		  	Irvine, CA 92614
		  	Attention:	  	James Wolford
		  	Telephone:	  	(949) 833-8252
		  	Facsimile:	  	(949) 252-0212
		
	Other Borrowers:	  	TNP SRT San Jacinto, LLC
		  	TNP SRT Moreno Marketplace, LLC
		  	TNP SRT Craig Promenade, LLC
		  	TNP SRT Northgate Plaza Tucson, LLC
		  	TNP SRT Pinehurst East, LLC
		  	1900 Main Street, Suite 700
		  	Irvine, CA 92614
		  	Attention:	  	James Wolford
		  	Telephone:	  	(949) 833-8252
		  	Facsimile:	  	(949) 252-0212
		
	REIT:	  	TNP Strategic Retail Trust, Inc.
		  	1900 Main Street, Suite 700
		  	Irvine, CA 92614
		  	Attention:	  	James Wolford
		  	Telephone:	  	(949) 833-8252
		  	Facsimile:	  	(949) 252-0212
		
	Agent:	  	KeyBank National Association
		  	225 Franklin Street, 18th Floor
		  	Boston, Massachusetts 02110
		  	Attention:	  	Christopher T. Neil, Senior Relationship Manager
		  	Telephone:	  	(617) 385-6202
		  	Facsimile:	  	(216) 385-6293

  
 -12-

					
		  	with a copy (which shall not constitute notice) to:
		
		  	Edwards Angell Palmer & Dodge LLP
		  	2800 Financial Plaza
		  	Providence, RI 02903
		  	Attention:     Gail E. McCann, Esq.
		  	Telephone:   (401) 276-6527
		  	Facsimile:    (888) 325-9041

 or at such other address as the party to be served with notice may have furnished in writing to the party seeking or
desiring to serve notice as a place for the service of notice. 
 20. Joint and Several Liability. Indemnitors
agree that they shall each be jointly and severally liable for the performance of the Environmental Obligations and all other obligations of Indemnitors contained in this Indemnity Agreement. 

21. California Provisions. (a) The purpose of this Indemnity Agreement is to protect Agent and Lenders against
liability, loss, damage, cost or expense with respect to Hazardous Materials and Environmental Laws relating to the Property as provided in this Indemnity Agreement, and not as security for payment of the indebtedness of Borrowers to Lenders
evidenced by the Notes or performance of the obligations under the Deed of Trust. The obligations of Indemnitors under this Indemnity Agreement are separate from, independent of and in addition to the indebtedness and obligations under the Notes and
the Deed of Trust. The liability of Indemnitors under this Indemnity Agreement shall not be limited to or measured by the amount of the indebtedness owed under the Notes or the Deed of Trust or the value of the Property. This Indemnity Agreement is
intended to be supplemental, and not in derogation of, Agents and Lenders’ rights under California Civil Code Section 2929.5 and California Code of Civil Procedure Sections 564, 726.5 and 736 and any successor sections thereof. This
Indemnity Agreement is not, and shall not be deemed to be, secured by the Deed of Trust. Indemnitors shall be fully, personally, jointly, and severally liable for all obligations of Indemnitors under this Indemnity Agreement and a separate action
may be brought and prosecuted against Indemnitors on this Indemnity Agreement. 
 (b) The liability of Indemnitors under the
Indemnity Agreement shall not be subject to any limitation set forth in the Notes, the Deed of Trust, or any of them, on personal liability for the payment of the indebtedness evidenced by the Notes, or the remedies of Agent and Lenders for
enforcement of the obligations under the Notes or the Deed of Trust, or the recourse of Lender for satisfaction of such obligations. Each Indemnitor acknowledges that no action for the enforcement of, or recovery of damages under, this Indemnity
Agreement shall constitute either an action or a failure to foreclose first against the Deed of Trust within the meaning of California Code of Civil Procedure Section 726, which shall not apply to this Indemnity Agreement, and no judgment
against any Indemnitors in any action pursuant to this Indemnity Agreement shall constitute a money judgment or a deficiency judgment within the meaning of California Code of Civil Procedure Sections 580a, 580b, 580d or 726. Except as otherwise set
forth in Sections 6 and 23 hereof, this Indemnity Agreement and the obligations of Indemnitors hereunder shall survive, and remain in full force and effect after a full conveyance of any foreclosure sale under the Deed of Trust (whether by judicial
action, exercise of the power of sale, or otherwise) with respect to any release or threatened releases or any past, present or future 

  
 -13-

 
violation of any Environmental Laws at the Property which occurred, or the onset of which occurred, before the reconveyance or foreclosure sale, and Agent and Lenders shall have the right to
enforce this Indemnity Agreement after any such reconveyance or foreclosure sale. 
 (c) This Indemnity Agreement shall not
affect, impair or waive any rights or remedies of Agent and Lenders or any obligations of Indemnitors with respect to Hazardous Materials created or imposed by Environmental Laws (including Agent’s and Lenders’ rights of reimbursement or
contribution under any Environmental Law). The remedies in the Indemnity Agreement are cumulative and in addition to all remedies provided by law. 
 (d) Property Borrower represents and warranties that, to its knowledge, (i) the Land has not been designated as “border zone property” under the provisions of California Health and Safety
Code Section 25220 et seq. or any regulation adopted in accordance therewith; and (ii) and there has been no occurrence or condition on any real property adjoining or in the vicinity of the Land that is reasonably likely to cause the Land
or any part thereof to be designated as border zone property. 
 (e) Each Indemnitor hereby waives and relinquishes to the
fullest extent now or hereafter not prohibited by applicable law all suretyship defenses and defenses in the nature thereof, including without limitation any such defenses that may arise under or by reason of California Civil Code Sections 2787 to
2855, inclusive. In addition, the provisions of Section 9.15 of the Loan Agreement are hereby incorporated herein by reference. 
 This
Section is an unconditional and irrevocable waiver of any rights and defenses any Indemnitor may have in the event that the Loan is secured by real property. These rights and defenses include, but are not limited to, any rights or defenses based
upon Sections 580a, 580b, 580d, or 726 of the California Code of Civil Procedure. 
 22. Captions. The headings of
each section herein are for convenience only and do not limit or construe the contents of any provisions of this Indemnity Agreement. 
 23. Full Recourse; Survival. The indemnity and other obligations contained in this Indemnity Agreement are not subject to any non-recourse or other limitation of liability provisions
contained in any of the Loan Documents, and the liability of the Indemnitors pursuant to this Indemnity Agreement shall not be limited by any such non-recourse or similar limitation of liability provisions. All representations, warranties,
covenants, and obligations of the Indemnitors in this Indemnity Agreement shall survive the payment or other satisfaction of the Loan. Notwithstanding anything set forth herein to the contrary, after the release by Agent of its security interest in
the Property, the Indemnitors shall have the right to obtain a Phase I environmental site assessment for the benefit of Indemnitors and Agent, and in the event that such environmental site assessment demonstrates that there are no recognized
environmental conditions on the Property, and is otherwise satisfactory to Agent in its sole discretion, Agent shall release the Indemnitors from their covenants and obligations hereunder, and this Indemnity Agreement shall terminate. 

24. Environmental Indemnity Not Secured by Liens. By acceptance of this Indemnity Agreement, Agent and Lenders confirm
their agreement and understanding that the obligations of the Indemnitors under this Indemnity Agreement be and remain unsecured by any interest in 

  
 -14-

 
the Property. In this regard, Agent’s appraisal of the value of the Property is such that Agent and Lenders are not willing to accept the consequences, under California’s “One Form
of Action” Rule (i.e., Section 726 of the Code of Civil Procedure) and “Anti Deficiency Rules” (i.e., Sections 580a, 580b and 580d of the Code of Civil Procedure) of inclusion of this Indemnity Agreement among the obligations
secured by the Deed of Trust. The Indemnitors acknowledge that Agent and Lenders are unwilling to accept such consequences and that Lenders would not make the Loan but for the personal unsecured liability undertaken by the Indemnitors. 

25. Independent Obligations; Conflict; Joint and Several Liability. The obligations of the Indemnitors and the rights and
remedies of Agent and Lenders in this Indemnity Agreement are independent from and are in addition to those pursuant to any of the other Loan Documents. Each party executing this Indemnity Agreement shall be jointly and severally liable for all
obligations of the Indemnitors under this Indemnity Agreement. 
 (Signatures on Next Page) 

  
 -15-

 IN WITNESS WHEREOF, Indemnitors have caused this Indemnity Agreement to be executed
as an instrument under seal, as of the day and year first above written. 
  

																	
	PROPERTY BORROWER:
	
	TNP SRT TOPAZ MARKETPLACE, LLC, a Delaware limited liability company
		
	 By
	 	TNP SRT Secured Holdings, LLC, a Delaware limited liability company, its Sole Member
			
		 	By:	 	TNP Strategic Retail Operating Partnership, LP, a Delaware limited partnership, its Sole Member
				
		 		 	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
					
		 		 		 	By:	 	 /s/ Jack Maurer

		 		 		 		 	    Print Name: Jack Maurer
		 		 		 		 	    Title: Vice Chairman

  

															
	SECURED HOLDINGS:
	
	TNP SRT SECURED HOLDINGS, LLC, a Delaware limited liability company
		
	By:	 	TNP Strategic Retail Operating Partnership, LP, a Delaware limited partnership, its Sole Member
			
		 	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
								
		 		 		 		 		 		 	By:	 	 /s/ Jack Maurer

		 		 		 		 		 		 		 	    Print Name: Jack Maurer
		 		 		 		 		 		 		 	    Title: Vice Chairman

 (Signatures continue on the next page.) 

 
							
	OP:
	
	TNP STRATEGIC RETAIL OPERATING PARTNERSHIP, LP, a Delaware limited partnership
		
	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
			
		 	By:	 	 /s/ Jack Maurer

		 		 	     Print Name: Jack Maurer
		 		 	     Title: Vice Chairman

  

									
	SAN JACINTO:
	
	TNP SRT SAN JACINTO, LLC, a Delaware limited liability company
		
	By	 	TNP SRT Secured Holdings, LLC, a Delaware limited liability company, its Sole Member
			
		 	By:	 	TNP Strategic Retail Operating Partnership, LP, a Delaware limited partnership, its Sole Member
				
		 		 	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
					
		 		 		 	By:	 	 /s/ Jack Maurer

		 		 		 		 	     Print Name: Jack Maurer
		 		 		 		 	     Title: Vice Chairman

 (Signatures continue on the next page.) 

 
									
	MORENO:
	
	TNP SRT MORENO MARKETPLACE, LLC, a Delaware limited liability company
		
	By	 	TNP SRT Secured Holdings, LLC, a Delaware limited liability company, its Sole Member
			
		 	By:	 	TNP Strategic Retail Operating Partnership, LP, a Delaware limited partnership, its Sole Member
				
		 		 	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
					
		 		 		 	By:	 	 /s/ Jack Maurer

		 		 		 		 	     Print Name: Jack Maurer
		 		 		 		 	     Title: Vice Chairman

  

									
	CRAIG PROMENADE:
	
	TNP SRT CRAIG PROMENADE, LLC, a Delaware limited liability company
		
	By	 	TNP SRT Secured Holdings, LLC, a Delaware limited liability company, its Sole Member
			
		 	By:	 	TNP Strategic Retail Operating Partnership, LP, a Delaware limited partnership, its Sole Member
				
		 		 	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
					
		 		 		 	By:	 	 /s/ Jack Maurer

		 		 		 		 	     Print Name: Jack Maurer
		 		 		 		 	     Title: Vice Chairman

 (Signatures continue on the next page.) 

 
											
	NORTHGATE:
	
	TNP SRT NORTHGATE PLAZA TUCSON, LLC, a Delaware limited liability company
		
	By	 	TNP SRT Secured Holdings, LLC, a Delaware limited liability company, its Sole Member
			
		 	By:	 	TNP Strategic Retail Operating Partnership, LP, a Delaware limited partnership, its Sole Member
				
		 		 	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
					
		 		 		 	By:	 	 /s/ Jack Maurer

		 		 		 		 	Print Name: Jack Maurer
		 		 		 		 	Title: Vice Chairman

  

											
	PINEHURST:
	
	TNP SRT PINEHURST EAST, LLC, a Delaware limited liability company
		
	By	 	TNP SRT Secured Holdings, LLC, a Delaware limited liability company, its Sole Member
			
		 	By:	 	TNP Strategic Retail Operating Partnership, LP, a Delaware limited partnership, its Sole Member
				
		 		 	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
						
		 		 		 		 	By:	 	 /s/ Jack Maurer

		 		 		 		 		 	Print Name: Jack Maurer
		 		 		 		 		 	Title: Vice Chairman

 (Signatures continue on the next page.) 

 
											
	REIT:
	
	TNP STRATEGIC RETAIL TRUST, INC., a Maryland corporation
					
		 		 		 	By:	 	 /s/ Jack Maurer

		 		 		 		 	Print Name: Jack Maurer
		 		 		 		 	Title: Vice Chairman

  

 EXHIBIT A 

LEGAL DESCRIPTION 

All that certain real property situated in the County of San Bernardino, State of California, described as follows: 

Parcels 1, 2 and 3 of Parcel Map No. 18915, in the City of Hesperia, County of San Bernardino, State of California, as per map recorded in Book 232,
Pages 89, 90 and 91 of Parcel Maps, in the office of the County Recorder of said county. 
 Assessor’s Parcel Number
    3057-121-18;    3057-121-19;    3057-121-20 

 Exhibit B 

Environmental Documents 

“Phase I Environmental Site Assessment Report” to be prepared and delivered to Lender in accordance with the terms of that Open Items Letter of
even date herewith, a summary of which was delivered to Lender prior to the date hereof.Fourth Omnibus Amendment and Reaffirmation of Loan Documents

 Exhibit 10.5 
 FOURTH OMNIBUS AMENDMENT AND REAFFIRMATION OF LOAN DOCUMENTS 
 THIS FOURTH OMNIBUS AMENDMENT AND REAFFIRMATION OF LOAN DOCUMENTS (this “Amendment”) is dated as of the 22nd day of September, 2011 (the “Effective Date”) by and among TNP SRT SECURED HOLDINGS,
LLC, a Delaware limited liability company (“Lead Borrower”), TNP SRT MORENO MARKETPLACE, LLC, a Delaware limited liability company (“Moreno Borrower”), TNP SRT SAN JACINTO, LLC, a
Delaware limited liability company (“San Jacinto Borrower”), TNP SRT CRAIG PROMENADE, LLC, a Delaware limited liability company (“Craig Borrower”), TNP SRT NORTHGATE PLAZA TUCSON, LLC, a
Delaware limited liability company (“Northgate Borrower”, TNP SRT PINEHURST EAST, LLC, a Delaware limited liability company (“Pinehurst Borrower”, and collectively with Lead Borrower, Moreno
Borrower, San Jacinto Borrower, Craig Borrower and Northgate Borrower, the “Original Borrower”), TNP STRATEGIC RETAIL TRUST, INC., a Maryland corporation (the “REIT”), TNP STRATEGIC RETAIL
OPERATING PARTNERSHIP, LP, a Delaware limited partnership (the “OP”, and collectively with the REIT, the “Guarantors” and individually, a “Guarantor”), TNP SRT TOPAZ
MARKETPLACE, LLC, a Delaware limited liability company (the “Topaz Borrower”, and together with the Original Borrower, the “Borrower”, and together with the Guarantors, the “Credit
Parties” and individually, a “Credit Party”), and KEYBANK NATIONAL ASSOCIATION, a national banking association having a principal place of business at 225 Franklin Street, 18th Floor, Boston, Massachusetts 02110, as agent (in such capacity,
“Agent”) for itself and any other lenders who become lenders under the Credit Agreement (as hereinafter defined) collectively referred to as “Lenders” and each individually referred to as a
“Lender”). Each Credit Party has an address at 1900 Main Street, Suite 700, Irvine, California 92614. 

Witnesseth That: 
 WHEREAS, the Borrower, the Agent and the Lenders are parties to that certain Revolving Credit Agreement dated as of December 17, 2010, as amended by that certain Joinder Agreement and that certain
First Omnibus Amendment and Reaffirmation of Loan Documents dated as of March 30, 2011, as further amended by that certain Letter Agreement dated as of March 31, 2011, as further amended by that certain Joinder Agreement and that certain
Second Omnibus Amendment and Reaffirmation of Loan Documents dated as of May 20, 2011, as further amended by that certain Joinder Agreement, that certain Third Omnibus Amendment and Reaffirmation of Loan Documents dated as of May 26, 2011,
those certain Letter Agreements dated as of June 30, 2011, August 23, 2011 and August 25, 2011 and as further amended by that certain Joinder Agreement of even date herewith (as amended, restated and/or modified from time to
time, the “Credit Agreement”), pursuant to which, among other things, the Lenders agreed to provide to the Borrower a revolving credit facility in the maximum principal amount of $35,000,000, and which obligations of the
Borrower to the Agent and Lenders under the Credit Agreement are evidenced by, among other things, that certain Revolving Credit Note dated as of December 17, 2010 by the Borrower in favor of the Lenders in the original principal amount of
$35,000,000, as temporarily increased to $38,000,000 by that certain Amendment to Revolving 
 Topaz Marketplace 

Hesperia, San Bernardino County, California 
 RPV
1151750.6 

 Credit Note dated as of May 26, 2011 and as further temporarily increased pursuant to
that certain Second Amendment to Revolving Credit Note of even date herewith (as amended, restated and/or modified from time to time, the “Note”), and are secured by, among other things, (a) that certain Pledge and
Security Agreement dated as of December 17, 2010 by Lead Borrower in favor of the Agent for the benefit of the Lenders (as amended, restated and/or modified from time to time, the “Borrower Pledge Agreement”),
(b) that certain Pledge and Security Agreement dated as of December 17, 2010 by the REIT in favor of the Agent for the benefit of the Lenders (as amended, restated and/or modified from time to time, the “REIT Pledge
Agreement”), (c) that certain Pledge and Security Agreement dated as of December 17, 2010 by the OP in favor of the Agent for the benefit of the Lenders, as amended by that certain Partial Release and First Amendment to Pledge
and Security Agreement dated as of May 20, 2011 (as further amended, restated and/or modified from time to time, the “OP Pledge Agreement”), and (d) that certain Guaranty Agreement dated as of December 17, 2010
by the Guarantors in favor of the Agent for the benefit of the Lenders (as amended, restated and/or modified from time to time, the “Guaranty”); 
 WHEREAS, pursuant to that certain Joinder Agreement of even date herewith, the Topaz Borrower has been joined to the Credit Agreement and the other Loan Documents as a Borrower; 

WHEREAS, in accordance with the terms and provisions of the Credit Agreement and the related Loan Documents, the Borrower, from time to
time, may acquire Mortgaged Properties, Approved Properties and/or direct or indirect Equity Interests in various Entities; 

WHEREAS, in connection with the acquisition of each Mortgaged Property, Approved Property and/or Equity Interests in an Entity, the
Borrower has agreed to amend and supplement certain of the provisions, exhibits and schedules attached to the Credit Agreement and related Loan Documents; 
 WHEREAS, the Lead Borrower holds 100% of the Equity Interests in and to the Topaz Borrower; 
 WHEREAS, pursuant to that certain Real Estate Purchase Agreement and Escrow Instructions dated as of April 29, 2011 (as amended from time to time) between the Topaz Borrower (as assignee of
TNP Acquisitions, LLC) and Hesperia-Main Street, LLC (the “Topaz Seller”) and Lawyers Title Company, as escrow agent, the Topaz Seller has agreed to sell, transfer and convey to the Topaz Borrower, all of the Topaz
Seller’s right, title and interest in and to the real property and improvements situated in the City of Hesperia, County of San Bernardino, State of California and commonly known as “Topaz Marketplace” (the “Topaz
Property”); 
 WHEREAS, in connection with the acquisition of the Topaz Property, the Borrower has requested the
Topaz Loan (as hereinafter defined) and certain amendments to the provisions of the Loan Documents, and the Agent and Lender have agreed to provide the Topaz Loan and to make such amendments to the Loan Documents, all upon the terms and provisions
more particularly set forth in this Amendment. 

  
 2 

 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto hereby amend the Loan Documents and agree as follows: 
 1. Recitals and
Definitions. The foregoing recitals are hereby incorporated by reference as if set forth at length herein. Capitalized terms used herein without definition shall have the meaning assigned to such terms in the Credit Agreement. 

2. Topaz Loan. As of the date hereof, the Original Borrower has requested an advance in the original principal amount of
Eight Million and No/100 Dollars ($8,000,000) (the “Topaz Loan”), which Topaz Loan will be used by the Original Borrower (and/or the Topaz Borrower) to fund a portion of the costs and expenses related to the acquisition of
the Topaz Property. In connection with the Topaz Loan, the Topaz Borrower has agreed to (x) assume, on a joint and several basis, the obligations of the Original Borrower under the Loan Documents, all upon the terms and conditions set forth in
this Amendment and (y) to provide certain additional documentation to secure the obligations of the Original Borrower, the Topaz Borrower and the Obligors under the Loan Documents. 

For the avoidance of doubt, and for all other purposes of the Loan Documents, (a) the Topaz Loan shall constitute an
“Obligation” and a “Loan” under the terms and provisions of the Credit Agreement and the Loan Documents, and shall be secured by, and be entitled to the benefits of, the Security Documents (as such term is supplemented in this
Amendment), the Loan Documents and any other document and agreement executed in connection with any of the foregoing, and (b) the Topaz Property shall be deemed a “Mortgaged Property”, an “Approved Property” and a
“Funded Approved Property” for purposes of the Credit Agreement and the Loan Documents. 
 3. Conditions
Precedent to Topaz Loan. The Borrower agrees to deliver to the Agent the following, and acknowledges and agrees that the funding of the Topaz Loan is subject to satisfaction of the following conditions precedent, as determined by Agent in
its reasonable discretion: 
 (a) The Mortgaged Property Requirements and the Approved Property Requirements shall have been
satisfied. 
 (b) The Agent and Majority Lenders shall have approved the Topaz Property as a Mortgaged Property and the Agent
shall have approved the Topaz Property as an Approved Property, each in their sole discretion. 
 (c) Agent shall have received
evidence that Borrower has invested cash equity in the aggregate of at least Five Million Five Hundred Thousand and No/100 Dollars ($5,500,000.00) in the Topaz Property. 
 (d) Borrower shall have paid (i) Agent’s legal fees and all other of Agent’s reasonable costs, fees and expenses incurred in connection with the making of the Topaz Loan and (ii) all
other costs and expenses incurred in connection with the closing of the acquisition of the Topaz Property. 

  
 3 

 (e) Agent shall have received all of the other documents listed in the closing checklist
supplied by Agent to Borrower with respect to the Topaz Loan except for certain items which are listed on Exhibit A of the Open Items Letter being executed as of even date and which must be supplied to and approved by Agent by the dates stated on
the Open Items Letter. 
 (f) No Default or Event of Default shall have occurred and be continuing under the terms and
provisions of this Amendment, the Credit Agreement, the Note, or of any of the Loan Documents. 
 (g) Agent shall have received
such other documents and certificates as Agent may reasonably request from Borrower, any Guarantor, and any other Person, in form and content satisfactory to Agent. 
 4. Additional Amendments to the Credit Agreement. As of the Effective Date, each of the Credit Parties and the Agent agree that: 

(a) The last sentence of the definition of “Commitment” is hereby amended to read as follows: 

“The initial aggregate amount of the Lenders’ Commitments is $35,000,000, provided, however, that (i) as of the Third
Amendment Effective Date, the Commitment is being temporarily increased to $38,000,000 (the “First Temporary Increase”) and (ii) as of the Fourth Amendment Effective Date, the Commitment is being further temporarily
increased to $45,000,000 (the “Second Temporary Increase”, and collectively with the First Temporary Increase, the “Temporary Increase”).” 

(b) The definition of “Default Rate” is hereby added to Section 1.01 of the Credit Agreement as follows:

 “Default Rate” means the interest rate described in Section 2.10(c). 

(c) The definition of “Fourth Amendment Effective Date” is hereby added to Section 1.01 of the Credit
Agreement as follows: 
 “Fourth Amendment Effective Date” means September 22, 2011.

 (d) The definition of “Third Amendment Effective Date” is hereby added to Section 1.01 of the
Credit Agreement as follows: 
 “Third Amendment Effective Date” means May 26, 2011.

 (e) The definition of “Topaz Acquisition Fee” is hereby added to Section 1.01 of the Credit
Agreement as follows: 
 “Topaz Acquisition Fee” means that certain acquisition fee
payable by TNP REIT to TNP Strategic Retail Advisor, LLC in connection with the acquisition of the Topaz Property, in an amount not to exceed $337,500.” 

  
 4 

 (f) The definition of “Tranche A Commitment” is hereby amended in
its entirety to read as follows: 
 “Tranche A Commitment” means, with respect to each
Tranche A Lender, the commitment of such Tranche A Lender to make Tranche A Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Tranche A Lender’s Tranche A Exposure hereunder, as
such commitment may be reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The initial amount of each Tranche A Lender’s Tranche A Commitment is set forth on
Schedule 2.01, or in the Assignment and Acceptance pursuant to which such Tranche A Lender shall have assumed its Tranche A Commitment, as applicable. The initial aggregate amount of the Tranche A Lenders’ Tranche A
Commitments is $25,000,000, which amount increased to $30,000,000 on February 15, 2011, was temporarily increased to $38,000,000 on the Third Amendment Effective Date, shall further increase to $45,000,000 on the Fourth Amendment Effective
Date, shall decrease to $43,000,000 on October 25, 2011 and, at all times following the Fourth Amendment Effective Date shall decrease on a dollar-for-dollar basis as payments are made with respect to the Temporary Increase as provided in
Section 2.06(e) and Section 2.08(d) below until reduced to $35,000,000.” 
 (g) The Commitment of KeyBank as
reflected on Schedule 2.01 is hereby changed to $45,000,000, but shall reduce as the Temporary Increase is repaid down to $35,000,000. 
 (h) Section 2.06(e) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 “(e) On or about the Third Amendment Effective Date, the First Temporary Increase was funded to the Borrower, and as of the Fourth Amendment Effective Date, the Second Temporary Increase shall be
available to the Borrower. The Temporary Increase (i) shall be reduced on or prior to October 25, 2011 by an amount necessary to reduce the Tranche A Commitment to $43,000,000, at which time any amounts outstanding in excess of $43,000,000
shall be due and payable in full and (ii) shall otherwise remain in effect until December 22, 2011, at which time any amounts outstanding in excess of $35,000,000 shall be due and payable in full, in each case with no further notice or
demand by Agent being required therefor. Amounts repaid under the Temporary Increase may not be reborrowed.” 
 (i)
Section 2.07(a)(i) is hereby amended to read as follows: 
 “(i) to the Agent for the account of each Tranche A Lender
the then unpaid principal amount of each Tranche A Loan on the Tranche A Maturity Date, except that the Temporary Increase must be reduced in accordance with Section 2.06(e) and paid in full on or before December 22, 2011,”

  
 5 

 (j) Section 2.08(d) is hereby amended to read as follows: 

“(d) Borrower and TNP REIT shall apply one hundred percent (100%) of the Net Proceeds to repay the amounts
outstanding under the Temporary Increase until the amounts outstanding under the Temporary Increase have been repaid in full, subject to the exceptions set forth in Section 5.18. In addition, unless otherwise approved in writing by Lender,
Borrower and TNP REIT shall apply 100% of the Net Proceeds of the sale or refinancing of a Real Property to repay the amounts outstanding under the Temporary Increase.” 
 (k) Section 2.08 is hereby amended to add a new subsection as follows: 
 “(g) If any new Commitments are received from any Lender other than KeyBank at a time when there is any amount of the Temporary Increase outstanding, then the proceeds of any Loans made from such
Commitment shall be used first to reduce the amount of the KeyBank Commitment until the amounts outstanding under the Temporary Increase have been repaid in full, and such proceeds shall be so applied before any Net Proceeds are applied to any
further reduction of the Temporary Increase pursuant to Section 2.08(d).” 
 (l) Section 2.09 is hereby amended
to add the following new subsections (f) and (g): 
 “(f) Borrower shall pay to KeyBank a $20,000 fee
in connection with making the Topaz Loan available. This fee shall be paid at the same time that the Topaz Loan is advanced. 
 (g) Borrower shall pay to KeyBank a $160,000 exit fee in the event that the Borrower obtains any replacement financing on the Topaz Property other than a commercial mortgage backed security loan from
KeyBank or its Affiliates. Such exit fee shall be due and payable simultaneously with the closing of such replacement financing.” 
 (m) Section 5.18(b) is hereby amended and restated in its entirety to read as follows: 
 “(b) Prior to the date when the Temporary Increase has been repaid in full, the Net Proceeds of the Equity Issuances by TNP REIT shall be used in accordance with Section 2.08(d), or as permitted
by Section 2.17, provided, however, that (i) upon the Agent’s reasonable approval, Borrower may use a portion of such Net Proceeds to fund operating expenses incurred in the ordinary course of business to cover short term timing
differences between the receipt of revenues and such operating expenses; (ii) Borrower or TNP REIT may use a portion of such Net Proceeds to fund the Topaz Acquisition Fee; (iii) to the extent that Borrower has identified Real Property for
acquisition and a definitive purchase and sale agreement has been executed with respect thereto, Borrower may fund the Net Proceeds of the Equity Issuances by TNP REIT into the Property Acquisition Escrow Account up to an amount equal to
Borrower’s pro forma equity contribution required to close such acquisition, subject to the following: (A) the Property Acquisition Escrow Account shall be held at KeyBank and pledged as Collateral; (B) Agent shall release funds held
in the 

  
 6 

 
Property Acquisition Escrow Account for the purchase price, costs, expenses and other amounts paid in connection with such acquisitions upon the Borrower’s written request; and
(C) Borrower may fund such Net Proceeds into the Property Acquisition Escrow Account in connection with no more than two (2) acquisitions at any time; and (iv) following the occurrence and during the continuance of an Event of
Default, the Net Proceeds of any Equity Issuance shall, in the sole discretion of the Agent, be funded into the Distribution Account and Agent shall apply all amounts received to the Obligations.” 

(n) Schedules 3.05, 3.15, 5.12(a), 5.12(b), and 6.01 to the Credit Agreement are hereby amended and restated in their entirety by the
corresponding Schedules attached to this Amendment, which information is true, correct and complete as of the Effective Date. 

5. Additional Amendment to the Borrower Pledge Agreement. Contemporaneous with the execution and delivery of this
Amendment, the Lead Borrower is executing and delivering to the Agent a certain Pledge Agreement Addendum (as defined in the Borrower Pledge Agreement) to the Borrower Pledge Agreement. As of the Effective Date, each of the Credit Parties and the
Agent agree that Exhibit A to the Borrower Pledge Agreement is hereby amended and supplemented to add thereto the Equity Interests described and set forth in said Pledge Agreement Addendum. 

6. Additional Amendment to the Subordination of Management Fees. The Agent, Borrower and Creditors hereby agree as follows

 (a) The definition of “Borrower” as set forth in the Subordination of Management Fees shall at all times have the
meaning given to such term in the Credit Agreement. 
 (b) The definition of “Subordinate Agreement” is hereby amended
in its entirety to read as follows: “any and all property or asset management agreements, advisory fee agreements and other similar agreements by and between a Creditor and one or more Borrowers, each as may be amended from time to time,
including, without limitation, those agreements listed on Exhibit A attached hereto.” 
 (c) Capitalized terms used in this
Section 6 and not defined in the Credit Agreement shall have the meanings specified in the Subordination of Management Fees. 
 7. Representations and Warranties. Each Credit Party represents and warrants to the Agent and Lenders as follows: 
 (a) The representations and warranties of the Credit Parties as set forth in the Credit Agreement and each Loan Document are hereby confirmed, affirmed and ratified by each of the Credit Parties
(including, without limitation, the Pinehurst Borrower), and each Credit Party confirms and affirms that each such representation and warranty is true and correct in all material respects as of the Effective Date, including with respect to the Topaz
Borrower and the Topaz Property. 

  
 7 

 (b) The Mortgaged Property Requirements and Approved Property Requirements are satisfied
with respect to the Topaz Property, the Topaz Borrower and the Topaz Loan, as applicable, except as otherwise set forth in the Open Items Letter dated as of the Effective Date. 

(c) The transactions contemplated by this Amendment are within the corporate, partnership or limited liability company powers (as
applicable) of the respective Credit Parties and have been duly authorized by all necessary corporate, partnership or limited liability company action. This Amendment and the documents executed in connection herewith have been duly executed and
delivered by each Credit Party which is a party thereto and constitute the legal, valid and binding obligation of each such Person, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or
other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law. 
 (d) The transactions contemplated by this Amendment (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have
been obtained or made and are in full force and effect or which shall be completed at the appropriate time for such filings under applicable securities laws, (b) will not violate, to the Credit Parties’ knowledge, any applicable law,
regulation or order of any Governmental Authority to the extent that such violation could reasonably be expected to have a Material Adverse Effect, (c) will not violate the charter, by-laws or other organizational documents of any Credit Party
or any of the Borrower’s Subsidiaries, (d) will not violate or result in a default under any indenture, agreement or other instrument binding upon any Credit Party or any of the Borrower’s Subsidiaries or its assets, or give rise to a
right thereunder to require any payment to be made by any Credit Party or any of the Borrower’s Subsidiaries to the extent that such violation, default or right to require payment could reasonably be expected to have a Material Adverse Effect,
and (e) will not result in the creation or imposition of any Lien on any Collateral, except pursuant to the Deeds of Trust and the Pledge Agreements. 
 (e) No Event of Default has occurred and is continuing or would result by the execution of this Amendment which constitutes an Event of Default under the Credit Agreement or any Loan Document or would
constitute such an Event of Default but for the requirement that notice be given or time elapse or both. 
 8. References
in Loan Documents. All references in any of the Loan Documents to the “Credit Agreement”, the “Note”, the “Guaranty”, the “Borrower Pledge Agreement”, the “REIT Pledge Agreement”, the
“OP Pledge Agreement”, or to the “Loan Documents”, shall, from and after the Effective Date be deemed to mean and refer to the Credit Agreement, the Note, the Guaranty, the Borrower Pledge Agreement, the REIT Pledge Agreement,
the OP Pledge Agreement, and each other Loan Document (as applicable) as amended and affected by this Amendment. This Amendment shall be deemed to be a “Loan Document” for the purposes of the Credit Agreement and the other Loan Documents.

 9. Ratification by the Credit Parties. 

(a) Each Credit Party hereby ratifies, affirms and confirms the Loan Documents (as modified by this Amendment), and acknowledges and
agrees that the Loan Documents (as 

  
 8 

 
modified by this Amendment) remain in full force and effect and are enforceable against such Credit Party and against the Collateral described therein in accordance with their respective terms.
Each Credit Party hereby further acknowledges and agrees that, as of the Effective Date, the Loan Documents, as amended by this Amendment, are not subject to any defenses, rights of setoff, claims or counterclaims that might limit the enforceability
thereof, the obligations created and evidenced thereby or the terms and provisions thereof. 
 (b) In furtherance of the
provisions of subsection (a) above, and not in limitation or derogation thereof, by its execution of this Amendment, each Guarantor hereby (i) acknowledges and consents to the terms and provisions of this Amendment; (ii) ratifies,
affirms and confirms the Guaranty; (iii) agrees that the Guaranty is and shall remain in full force and effect and that the terms and provisions of the Guaranty cover and pertain to the Guaranteed Obligations (as defined in the Guaranty),
Notes, Credit Agreement and other Loan Documents; (iv) acknowledges that there are no claims or offsets against, or defenses or counterclaims to, the terms and provisions of the Guaranty or other obligations created and evidenced by the
Guaranty; and (v) certifies that the representations and warranties contained in the Guaranty, the Credit Agreement, and the other Loan Documents with respect to each Guarantor remain the true and correct representations and warranties of such
Guarantor as of the Effective Date. 
 10. Security and Liens. All Obligations of the Credit Parties under the
Loan Documents, each as amended by this Amendment, shall be secured by and be entitled to the benefits of, and the Collateral shall remain in all respects subject to the liens, charges and encumbrances of, the Loan Documents, and nothing herein
contained, and nothing done pursuant hereto or in connection herewith shall affect or be construed to affect the liens, charges or encumbrances or conveyances effected thereby or the priority thereof or to release or affect the liability of any
party or parties whomsoever may now, or hereafter be, liable on account of the Obligations. 
 11. No Waiver. This
Amendment is only a modification of the Loan Documents and is not intended to, and shall not be construed to, effect a novation of any Loan Document, or to constitute a modification of, or a course of dealing at variance with, the Loan Documents
(each as amended by this Amendment), such as to require further notice by Lenders or Agent to require strict compliance with the terms the other Loan Documents in the future. 
 12. Release; Set-off. Each Credit Party hereby unconditionally releases and forever discharges Agent, each Lender and their respective officers, directors, shareholders, and employees from
any and all claims, demands, causes of action, expenses, losses and other damages of whatever kind, whether known or unknown, liquidated or unliquidated, at law or in equity, that exists as of the Effective Date in connection with the Credit
Agreement, the Loan Documents and any other documents relating thereto. 
 13. Miscellaneous. 

(a) All costs and expenses of Agent, including, without limitation, appraisal fees and reasonable attorney’s fees of counsel to
Agent relating to the negotiation, preparation, execution and delivery of this Amendment and all instruments, agreements and documents contemplated hereby, shall be the responsibility of Borrower. 

  
 9 

 (b) This Amendment shall be governed by and construed in accordance with the laws of the
Commonwealth of Massachusetts applicable to contracts made and performed within such state. 
 (c) This Amendment may be
executed in any number of counterparts, all of which when taken together shall constitute one agreement binding on the parties hereto, notwithstanding that all parties are not signatories to the same counterpart. 

(d) Delivery of an executed signature page of this Amendment by facsimile transmission or by means of electronic mail (in so-called
“pdf”, “TIF” or any similar format) shall be effective as an in-hand delivery of an original executed counterpart hereof. 
 [The Next Page is the Signature Page] 

  
 10 

 IN WITNESS WHEREOF, the Credit Parties, the Agent and the Lenders have caused this Amendment
to be duly executed by their respective duly authorized officers, as an instrument under seal, as of the date and year first above written. 
  

											
	BORROWERS:	 		 	TNP SRT SECURED HOLDINGS, LLC, a
Delaware limited liability company
				
		 		 	By:	 	TNP Strategic Retail Operating Partnership, LP, its sole member
					
		 		 		 	By:	 	TNP Strategic Retail Trust, Inc., its general partner
						
		 		 		 		 	By:	 	 /s/ James Wolford

		 		 		 		 		 	      Print Name: James Wolford
		 		 		 		 		 	      Title: CFO
			
		 		 	 TNP SRT MORENO MARKETPLACE, LLC, a
 Delaware limited liability company

				
		 		 	By	 	TNP SRT Secured Holdings, LLC, a Delaware limited liability company, its Sole Member
					
		 		 		 	By:	 	TNP Strategic Retail Operating Partnership, LP, a Delaware limited partnership, its Sole Member
						
		 		 		 		 	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
						
		 		 		 		 	By:	 	 /s/ James Wolford

		 		 		 		 		 	      Print Name: James Wolford
		 		 		 		 		 	      Title: CFO

 (Signatures continued on next page.) 

 
 [Signature Page to Fourth Omnibus Amendment/Topaz Marketplace]

 
							
	TNP SRT SAN JACINTO, LLC, a Delaware
limited liability company
		
	By	 	TNP SRT Secured Holdings, LLC, a Delaware limited liability company, its Sole Member
			
		 	By:	 	TNP Strategic Retail Operating Partnership, LP, a Delaware limited partnership, its Sole Member
				
		 		 	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
				
		 		 	By:	 	 /s/ James Wolford

		 		 		 	      Print Name: James Wolford
		 		 		 	      Title: CFO

  

									
	TNP SRT CRAIG PROMENADE, LLC, a
Delaware limited liability company
		
	By	 	TNP SRT Secured Holdings, LLC, a Delaware limited liability company, its Sole Member
			
		 	By:	 	TNP Strategic Retail Operating Partnership, LP, a Delaware limited partnership, its Sole Member
				
		 		 	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
				
		 		 	By:	 	 /s/ James Wolford

		 		 		 	      Print Name: James Wolford
		 		 		 	      Title: CFO

 (Signatures continued on next page.) 
  
 [Signature Page to Fourth Omnibus Amendment/Topaz Marketplace] 

 
									
	TNP SRT NORTHGATE PLAZA TUCSON, LLC, a Delaware limited liability company
		
	By	 	TNP SRT Secured Holdings, LLC, a Delaware limited liability company, its Sole Member
			
		 	By:	 	TNP Strategic Retail Operating Partnership, LP, a Delaware limited partnership, its Sole Member
				
		 		 	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
				
		 		 	By:	 	 /s/ James Wolford

		 		 		 	Print Name: James Wolford
		 		 		 	Title: CFO
	
	TNP SRT PINEHURST EAST, LLC, a Delaware limited liability company
		
	By	 	TNP SRT Secured Holdings, LLC, a Delaware limited liability company, its Sole Member
			
		 	By:	 	TNP Strategic Retail Operating Partnership, LP, a Delaware limited partnership, its Sole Member
				
		 		 	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
				
		 		 	By:	 	 /s/ James Wolford

		 		 		 	Print Name: James Wolford
		 		 		 	Title: CFO

 (Signatures continued on next page.) 
  
 [Signature Page to Fourth Omnibus Amendment/Topaz Marketplace] 

									
	 	 	TNP SRT TOPAZ MARKETPLACE, LLC, a Delaware limited
liability company
			
		 	By	 	TNP SRT Secured Holdings, LLC, a Delaware limited liability company, its Sole Member
				
		 		 	By:	 	TNP Strategic Retail Operating Partnership, LP, a Delaware limited partnership, its Sole Member
					
		 		 		 	By:	 	TNP Strategic Retail Trust, Inc., a Maryland corporation, its General Partner
					
		 		 		 	By:	 	 /s/ James Wolford

		 		 		 		 	Print Name: James Wolford
		 		 		 		 	Title: CFO
		
	 AGENT AND
 MAJORITY
LENDER:
	 	KEYBANK NATIONAL ASSOCIATION, as Agent and Lender
			
		 	By:	 	 /s/ Christopher T. Neil

		 		 	     Christopher T. Neil, Senior Relationship Manager
					
	GUARANTORS and	 		 		 		 	
	OBLIGORS:	 	TNP STRATEGIC RETAIL OPERATING PARTNERSHIP, LP, a Delaware limited partnership
			
		 	By:	 	TNP Strategic Retail Trust, Inc., its general partner
					
		 		 		 	By:	 	 /s/ James Wolford

		 		 		 		 	Print Name: James Wolford
		 		 		 		 	Title: CFO
		
		 	TNP STRATEGIC RETAIL TRUST, INC., a Maryland corporation
					
		 		 		 	By:	 	 /s/ James Wolford

		 		 		 		 	Print Name: James Wolford
		 		 		 		 	Title: CFO

 [Signature Page to Fourth Omnibus Amendment/Topaz Marketplace] 

(Signatures continued on next page.) 

							
	SUBORDINATE CREDITORS
	(for Section 6 only):	 	TNP PROPERTY MANAGER, LLC, a Delaware limited liability company
			
		 	By:	 	Thompson National Properties, LLC, a Delaware limited liability company, its manager
				
		 		 	By:	 	 /s/ James Wolford

		 		 		 	Print Name: James Wolford
		 		 		 	Title: CFO
		
		 	TNP STRATEGIC RETAIL ADVISOR, LLC, a Delaware limited liability company
			
		 	By:	 	Thompson National Properties, LLC, a Delaware limited liability company, its manager
				
		 		 	By:	 	 /s/ James Wolford

		 		 		 	Print Name: James Wolford
		 		 		 	Title: CFO

 [Signature Page to Fourth Omnibus Amendment/Topaz Marketplace] 

 Schedule 3.05 

Flood Zones; Earthquake or Seismic Areas 
  

									
	 	  	Flood Zone	  	EQ Zone	  	Wind Zone	 
				
	 San Jacinto Esplanade
	  	X Shaded	  	1	  	 	N/A	  
				
	 Moreno Marketplace
	  	X Shaded	  	E	  	 	N/A	  
				
	 Craig Promenade
	  	X	  	2b	  	 	N/A	  
				
	 Northgate Plaza Shopping Center
	  	X	  	2b	  	 	N/A	  
				
	 Pinehurst Square East
	  	X	  	0	  	 	N/A	  
				
	 Topaz Marketplace
	  	X	  	4	  	 	N/A	  

 Schedule 3.15 

Subsidiaries 
 The
following are the Subsidiaries of TNP Strategic Retail Trust, Inc. as of the date of this Agreement: 
 TNP Strategic Retail Operating
Partnership, LP 
 TNP SRT Secured Holdings, LLC 
 TNP SRT Moreno Marketplace, LLC 
 TNP SRT San Jacinto, LLC 

TNP SRT Waianae Mall, LLC 
 TNP SRT Northgate
Plaza Tucson, LLC 
 TNP SRT Craig Promenade, LLC 
 TNP SRT Pinehurst East, LLC 
 TNP SRT Topaz Marketplace, LLC 

 Schedule 5.12(a) 

Mortgaged Property Pool 
 San Jacinto Esplanade, San Jacinto, California 
 Moreno Marketplace, Moreno,
California 
 Craig Promenade, North Las Vegas, Nevada 
 Northgate Plaza Shopping Center, Tucson, Arizona 
 Pinehurst Square East, Bismarck,
North Dakota 
 Topaz Marketplace, Hesperia, California 
 Schedule 5.12(b) 
 Approved Property Pool 

San Jacinto Esplanade, San Jacinto, California 
 Moreno Marketplace, Moreno, California 
 Northgate Plaza Shopping Center, Tucson,
Arizona 
 Craig Promenade, North Las Vegas, Nevada 
 Pinehurst Square East, Bismarck, North Dakota 
 Topaz Marketplace, Hesperia,
California 

 Schedule 6.01 

Existing Liens 
 None.

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