Document:

Unassociated Document

    Exhibit
10.10

     

    SEVENTH
AMENDMENT

    TO
THE

    MANAGEMENT
AGREEMENT

     

    This
seventh amendment  (this “Amendment”) to that certain Management
Agreement dated January 25, 2008 as amended by the Amendment to the Management
Agreement, dated April 30, 2008, as further amended by the Second Amendment to
the Management Agreement, dated May 30, 2008, as further amended by the Third
Amendment to the Management Agreement, dated as of September 16, 2008, as
further amended by the Fourth Amendment to the Management Agreement, dated as of
October 23, 2006, as further amended by the Fifth Amendment to the
Management Agreement, dated as of October 23, 2006, and as further amended
by the Sixth Amendment to the Management Agreement, dated as of July, 8, 2009
(collectively, the “Agreement”) is made and entered into as of the 17th day of
July, 2009, by and among AMERICAN REALTY CAPITAL TRUST, INC., a Maryland
corporation (the “Company”), AMERICAN REALTY CAPITAL OPERATING PARTNERSHIP,
L.P., a Delaware limited partnership (the “OP”, and together with the Company,
the “Owner”), ARC WGSEATX001, LLC, a Delaware limited liability company (the
“Walgreen’s Sealy Owner”) and AMERICAN REALTY CAPITAL PROPERTIES, LLC, a
Delaware limited liability company (the “Manager”).

    

    WHEREAS,
the OP was organized to acquire, own, operate, lease and manage real estate
properties on behalf of the Company;

    

    WHEREAS,
the Walgreen’s Sealy Owner is a subsidiary of the OP and was organized to
acquire, own, operate, lease and manage the real estate property, identified in
Exhibit A
hereto, on behalf of the OP (the “Walgreen’s Sealy Property”);

    

    WHEREAS,
the Company intends to continue to raise money from the sale of its common stock
to be used, net of payment of certain offering costs and expenses, for
investment in the acquisition or rehabilitation of income-producing real estate
to be acquired and held by the Company, by the OP or by the Subsidiary Owners on
behalf of the Company; and

    

    WHEREAS,
Owner and the Subsidiary Owners (defined below) wish to retain Manager to manage
and coordinate the leasing of the real estate properties acquired by Owner and
the Subsidiary Owners, and the Manager wishes to be so retained, all under the
terms and conditions set forth in this Management Agreement.

     

    NOW,
THEREFORE, in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound hereby, do hereby agree as
follows:

    

    1.           
 Section 1.11 will be replaced in its entirety with the
following:

    

    “Properties means all
real estate properties owned by Owner or the Subsidiary Owners, and all tracts
as yet unspecified but to be acquired by Owner or the Subsidiary Owners
containing income-producing Improvements or on which Owner or the Subsidiary
Owners will rehabilitate income-producing Improvements, the Rockland Properties,
the National City Property, the Pompano Property, the PNC Property, the FedEx
Property and the Walgreen’s Sealy Property.  Properties shall be
classified under four categories, residential, retail, industrial and office
properties.”

    

    

    
      
        
           

        

        
          - 1
-

          
            

          

        

        
           

        

      

    

    

    2.            
Section 1.13 will be added with the following:

    

    “Subsidiary Owners”
means, collectively, ARC ROCK17MA LLC, a Delaware limited liability company (the
“Rockland Owner”), ARC WBPCFL0001, LLC,  a Delaware limited liability
company (the “National City Owner”), ARC WBPBFL0001, LLC,  a Delaware
limited liability company (the “Pompano Owner”), ARC PANJOH54 LLC, a
Delaware limited liability company (the “PNC1 Owner”), ARC PA-QRS Trust, a
Virginia business trust (the “PNC2 Owner”), ARC FEHOUTX 001 LLC, a Delaware
limited liability company (the “FedEx Owner”) and the Walgreen’s Sealy
Owner.

    

    3.           
With respect to the Walgreen’s Sealy Property alone, all references to Owner
herein shall be deemed to include the Walgreen’s Sealy Owner.

    

    

    [INTENTIONALLY
LEFT BLANK]

    

    
      
        
           

        

        
          - 2
-

          
            

          

        

        
           

        

      

    

     

    
      
        IN
WITNESS WHEREOF, the parties have executed this Amendment as of the date first
above written.

         

        

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	 
      	
                                              AMERICAN
      REALTY CAPITAL TRUST, INC.

                                            
	 
      	 
      	 
      
	 
      	By:
       /s/ William M.
      Kahane
	 
      	
                                              Name:

                                            	
                                              William
      M. Kahane

                                            
	 
      	
                                              Title:

                                            	
                                              President

                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                              AMERICAN
      REALTY CAPITAL

                                            
	 
      	
                                              OPERATING
      PARTNERSHIP, L.P.

                                            
	 
      	 
      	 
      
	 	By:	American
      Realty Capital Trust, Inc.,
	 
      	 
      	
                                              its
      General Partner

                                            
	 
      	 
      	 
      
	 
      	By:
       /s/ William M.
      Kahane
	 
      	
                                              Name:

                                            	
                                              William
      M. Kahane

                                            
	 
      	
                                              Title:

                                            	
                                              President

                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	AMERICAN
      REALTY CAPITAL PROPERTIES, LLC
	 
      	 
      	 
      
	 
      	By:
       /s/ William M.
      Kahane
	 
      	
                                              Name:

                                            	
                                              William
      M. Kahane

                                            
	 
      	
                                              Title:

                                            	
                                              President

                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                              ARC WGSEATX001
      LLC

                                            
	 
      	
                                              a
      Delaware limited liability company

                                            
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	By:
       /s/ William M.
      Kahane
	 
      	
                                              Name:

                                            	
                                              William
      M. Kahane

                                            
	 
      	
                                              Title:

                                            	
                                              President

                                            

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

    

    
 

    
      
        
           

        

        
          - 3
-

          
            

          

        

        
           

        

      

    

    

    EXHIBIT
A

     

    

    List of
Properties

    

    

    
      
        	
                 

                PropertyNo.

              	
                 

                Address

              	
                 

                City

              	
                 

                State

              	
                 

                Owner

              
	
                1.

              	
                1808
      Meyer Street

              	
                Sealy

              	
                Texas

              	
                ARC WGSEATX001,
      LLC

              

      

    

     

     

    
      
         

      

      
        - 4 -Unassociated Document

    Exhibit
10.11

     

    EIGHTH
AMENDMENT

    TO
THE

    MANAGEMENT
AGREEMENT

     

    This
eighth amendment  (this “Amendment”) to that certain Management
Agreement dated January 25, 2008 as amended by the Amendment to the Management
Agreement, dated April 30, 2008, as further amended by the Second Amendment to
the Management Agreement, dated May 30, 2008, as further amended by the Third
Amendment to the Management Agreement, dated as of September 16, 2008, as
further amended by the Fourth Amendment to the Management Agreement, dated as of
October 23, 2006, as further amended by the Fifth Amendment to the
Management Agreement, dated as of October 23, 2006, as further amended by
the Sixth Amendment to the Management Agreement, dated as of July, 8, 2009, and
as further amended by the Seventh Amendment to the Management Agreement, dated
as of July, 17, 2009 (collectively, the “Agreement”) is made and entered into as
of the 18th day of
September, 2009, by and among AMERICAN REALTY CAPITAL TRUST, INC., a Maryland
corporation (the “Company”), AMERICAN REALTY CAPITAL OPERATING PARTNERSHIP,
L.P., a Delaware limited partnership (the “OP”, and together with the Company,
the “Owner”), and those certain Delaware limited liability companies listed on
Schedule 1 attached hereto (the “CVS 10 Owners”) and AMERICAN REALTY CAPITAL
PROPERTIES, LLC, a Delaware limited liability company (the
“Manager”).

    

    WHEREAS,
the OP was organized to acquire, own, operate, lease and manage real estate
properties on behalf of the Company;

    

    WHEREAS,
the CVS 10 Owners are each a subsidiary of the OP and each was organized to
acquire, own, operate, lease and manage the respective real estate property,
identified in Exhibit
A hereto, on behalf of the OP (the “CVS 10 Property”);

    

    WHEREAS,
the Company intends to continue to raise money from the sale of its common stock
to be used, net of payment of certain offering costs and expenses, for
investment in the acquisition or rehabilitation of income-producing real estate
to be acquired and held by the Company, by the OP or by the Subsidiary Owners on
behalf of the Company; and

    

    WHEREAS,
Owner and the Subsidiary Owners (as defined below) wish to retain Manager to
manage and coordinate the leasing of the real estate properties acquired by
Owner and the Subsidiary Owners, and the Manager wishes to be so retained, all
under the terms and conditions set forth in this Management
Agreement.

     

    NOW,
THEREFORE, in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound hereby, do hereby agree as
follows:

    

    1.           
Section 1.11 will be replaced in its entirety with the following:

    

    “Properties means all
real estate properties owned by Owner or the Subsidiary Owners, and all tracts
as yet unspecified but to be acquired by Owner or the Subsidiary Owners
containing income-producing Improvements or on which Owner or the Subsidiary
Owners will rehabilitate income-producing Improvements, the Rockland Properties,
the National City Property, the Pompano Property, the PNC Property, the FedEx
Property, the Walgreen’s Sealy Property and the CVS 10
Property.  Properties shall be classified under four categories,
residential, retail, industrial and office properties.”

    
      
         

      

      
        - 1
-

        
          

        

      

      
         

      

    

    

    2.           
Section 1.13 will be added with the following:

    

    “Subsidiary Owners”
means, collectively, ARC ROCK17MA LLC, a Delaware limited liability company (the
“Rockland Owner”), ARC WBPCFL0001, LLC,  a Delaware limited liability
company (the “National City Owner”), ARC WBPBFL0001, LLC,  a Delaware
limited liability company (the “Pompano Owner”), ARC PANJOH54 LLC, a
Delaware limited liability company (the “PNC1 Owner”), ARC PA-QRS Trust, a
Virginia business trust (the “PNC2 Owner”), ARC FEHOUTX 001 LLC, a Delaware
limited liability company (the “FedEx Owner”), ARC WGSEATX001, LLC, a Delaware
limited liability company (the “Walgreen’s Sealy Owner”) and the CVS 10
Owners.

    

    3.           
With respect to the CVS 10 Property alone, all references to Owner herein shall
be deemed to include the CVS 10 Owners.

    

    

    [INTENTIONALLY
LEFT BLANK]

    
      
         

      

      
        - 2
-

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties have executed this Amendment as of the date first
above written.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	 
      	
                                        AMERICAN
      REALTY CAPITAL TRUST, INC.

                                      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                        By:

                                      	
                                        /s/ William M. Kahane

                                      
	 
      	
                                        Name:

                                      	
                                        William
      M. Kahane

                                      
	 
      	
                                        Title:

                                      	
                                        President

                                      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                        AMERICAN
      REALTY CAPITAL

                                      
	 
      	
                                        OPERATING
      PARTNERSHIP, L.P.

                                      
	 
      	 
      	 
      
	 
      	
                                        By:
      American Realty Capital Trust, Inc.,

                                      
	 
      	
                                        its
      General Partner

                                      
	 
      	 
      	 
      
	 
      	
                                        By:

                                      	
                                        /s/ William M. Kahane

                                      
	 
      	
                                        Name:

                                      	
                                        William
      M. Kahane

                                      
	 
      	
                                        Title:

                                      	
                                        President

                                      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                        AMERICAN
      REALTY CAPITAL PROPERTIES, LLC

                                      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                        By:

                                      	
                                        /s/ William M. Kahane

                                      
	 
      	
                                        Name:

                                      	
                                        William
      M. Kahane

                                      
	 
      	
                                        Title:

                                      	
                                        President

                                      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                        ARC
      CVPHXAZ001 LLC,

                                      
	 
      	
                                        a
      Delaware limited liability company

                                      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                        By:

                                      	
                                        /s/ William M. Kahane

                                      
	 
      	
                                        Name:

                                      	
                                        William
      M. Kahane

                                      
	 
      	
                                        Title:

                                      	
                                        President

                                      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                        ARC
      CVVISCAZ001 LLC,

                                      
	 
      	
                                        a
      Delaware limited liability company

                                      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                        By:

                                      	
                                        /s/ William M. Kahane

                                      
	 
      	
                                        Name:

                                      	
                                        William
      M. Kahane

                                      
	 
      	
                                        Title:

                                      	
                                        President

                                      

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    

    

    
      
         

      

      
        - 3
-

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          	 
      	
                                                  ARC
      CVSMYGA001 LLC,

                                                
	 
      	
                                                  a
      Delaware limited liability company

                                                
	 
      	 
      	 
      
	 
      	
                                                  By:

                                                	
                                                  /s/ William M. Kahane

                                                
	 
      	
                                                  Name:

                                                	
                                                  William
      M. Kahane

                                                
	 
      	
                                                  Title:

                                                	
                                                  President

                                                
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                                  ARC
      CVCHIIL001 LLC,

                                                
	 
      	
                                                  a
      Delaware limited liability company

                                                
	 
      	 
      	 
      
	 
      	
                                                  By:

                                                	
                                                  /s/ William M. Kahane

                                                
	 
      	
                                                  Name:

                                                	
                                                  William
      M. Kahane

                                                
	 
      	
                                                  Title:

                                                	
                                                  President

                                                
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                                  ARC
      CVMOLIL001 LLC,

                                                
	 
      	
                                                  a
      Delaware limited liability company

                                                
	 
      	 
      	 
      
	 
      	
                                                  By:

                                                	
                                                  /s/ William M. Kahane

                                                
	 
      	
                                                  Name:

                                                	
                                                  William
      M. Kahane

                                                
	 
      	
                                                  Title:

                                                	
                                                  President

                                                
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                                  ARC
      CVNVLMI001 LLC,

                                                
	 
      	
                                                  a
      Delaware limited liability company

                                                
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                                  By:

                                                	
                                                  /s/ William M. Kahane

                                                
	 
      	
                                                  Name:

                                                	
                                                  William
      M. Kahane

                                                
	 
      	
                                                  Title:

                                                	
                                                  President

                                                
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                                  ARC
      CVASHNC001 LLC,

                                                
	 
      	
                                                  a
      Delaware limited liability company

                                                
	 
      	 
      	 
      
	 
      	
                                                  By:

                                                	
                                                  /s/ William M. Kahane

                                                
	 
      	
                                                  Name:

                                                	
                                                  William
      M. Kahane

                                                
	 
      	
                                                  Title:

                                                	
                                                  President

                                                
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                                  ARC
      CVWILNY001 LLC,

                                                
	 
      	
                                                  a
      Delaware limited liability company

                                                
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                                  By:

                                                	
                                                  /s/ William M. Kahane

                                                
	 
      	
                                                  Name:

                                                	
                                                  William
      M. Kahane

                                                
	 
      	
                                                  Title:

                                                	
                                                  President

                                                

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        - 4
-

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              
                
                  	 
      	 
      	 
      
	 
      	
                          ARC
      CVCOLSC001 LLC,

                        
	 
      	
                          a
      Delaware limited liability company

                        
	 
      	 
      	 
      
	 
      	
                          By:

                        	
                          /s/ William M. Kahane

                        
	 
      	
                          Name:

                        	
                          William
      M. Kahane

                        
	 
      	
                          Title:

                        	
                          President

                        
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                          ARC
      CVCOPTX001 LLC,

                        
	 
      	
                          a
      Delaware limited liability company

                        
	 
      	 
      	 
      
	 
      	
                          By:

                        	
                          /s/ William M. Kahane

                        
	 
      	
                          Name:

                        	
                          William
      M. Kahane

                        
	 
      	
                          Title:

                        	
                          President

                        

                

              

            

          

        

      

    

    

    

      
        
           

        

        
          - 5
-

          
            

          

        

        
           

        

      

    SCHEDULE
1

    

    List of
Entities

    

     

    
      	 
      
	
              ARC
      CVPHXAZ001, LLC

            
	
              ARC
      CVVISCA001, LLC

            
	
              ARC
      CVSMYGA001, LLC

            
	
              ARC
      CVCHIIL001, LLC

            
	
              ARC
      CVMOLIL001, LLC

            
	
              ARC
      CVNVLMI001, LLC

            
	
              ARC
      CVASHNC001, LLC

            
	
              ARC
      CVWILNY001, LLC

            
	
              ARC
      CVCOLSC001, LLC

            
	
              ARC
      CVCOPTX001, LLC

            

    

    

     

    
      
         

      

      
        - 6
-

        
          

        

      

      
         

      

    

    EXHIBIT
A

    

    List of
Properties

    

    

    
      
        	
                 

                Property No.

              	
                 

                Address

              	
                 

                City

              	
                 

                State

              	
                 

                Owner

              
	
                1.

              	
                1625
      N. 44th Street

              	
                Phoenix

              	
                AZ

              	
                ARC
      CVPHXAZ001, LLC

              
	
                2.

              	
                2135
      N Dinuba Blvd.

              	
                Visalia

              	
                CA

              	
                ARC
      CVVISCA001, LLC

              
	
                3.

              	
                800
      East West Connector SW

              	
                Smyrna

              	
                GA

              	
                ARC
      CVSMYGA001, LLC

              
	
                4.

              	
                6355
      West Belmont

              	
                Chicago

              	
                IL

              	
                ARC
      CVCHIIL001, LLC

              
	
                5.

              	
                2250
      41st Street

              	
                Moline

              	
                IL

              	
                ARC
      CVMOLIL001, LLC

              
	
                6.

              	
                133
      East Dunlap

              	
                Northville

              	
                MI

              	
                ARC
      CVNVLMI001, LLC

              
	
                7.

              	
                11
      River Ridge Drive

              	
                Asheville

              	
                NC

              	
                ARC
      CVASHNC001, LLC

              
	
                8.

              	
                653
      Route 9

              	
                Wilton

              	
                NY

              	
                ARC
      CVWILNY001, LLC

              
	
                9.

              	
                1002
      Sams Crossing Rd.

              	
                Columbia

              	
                SC

              	
                ARC
      CVCOLSC001, LLC

              
	
                10.

              	
                1000
      E. Sandy Lake Dr.

              	
                Coppell

              	
                TX

              	
                ARC
      CVCOPTX001, LLC

              

      

    

    

     

    
      
         

      

      
        - 7
-

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