0001193125-10-152949 Sample Contracts

Third Amended and Restated Advisory Agreement between Phillips Edison – ARC Shopping Center REIT Inc. and American Realty Capital II Advisors, LLC July 1, 2010
Advisory Agreement • July 2nd, 2010 • Phillips Edison - ARC Shopping Center REIT Inc. • Real estate investment trusts • New York

This Second Amended and Restated Advisory Agreement, dated as of July 1, 2010 (this “Agreement”), is between Phillips Edison – ARC Shopping Center REIT Inc., a Maryland corporation (the “Company”), and American Realty Capital II Advisors, LLC, a Delaware limited liability company (the “Advisor”).

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FORM OF MASTER PROPERTY MANAGEMENT, LEASING AND CONSTRUCTION MANAGEMENT AGREEMENT
And Construction Management Agreement • July 2nd, 2010 • Phillips Edison - ARC Shopping Center REIT Inc. • Real estate investment trusts • Ohio

THIS MASTER PROPERTY, LEASING AND CONSTRUCTION MANAGEMENT AGREEMENT (“Agreement”) is made and entered into as of , 2010, by and among PHILLIPS EDISON – ARC PROPERTIES REIT INC., a Maryland corporation (“REIT”), PHILLIPS EDISON – ARC PROPERTIES OPERATING PARTNERSHIP, L.P., a Delaware limited partnership (“OP”), and PHILLIPS EDISON & COMPANY LTD., an Ohio limited liability company (“PECO”).

Page Article 1 – Definitions 1 Article 2 – Appointment 3 Article 3 – Duties of the Sub-advisor 3 Article 4 – Authority and Certain Activities of Sub-advisor 3 Article 5 – Assignment of Payments 4 5.1 Acquisition Fees 4 5.2 Asset Management Fee 4 5.3...
Sub-Advisory Agreement • July 2nd, 2010 • Phillips Edison - ARC Shopping Center REIT Inc. • Real estate investment trusts • New York

This First Amended and Restated Sub-advisory Agreement, dated as of July 1, 2010 (this “Agreement”), is between, American Realty Capital II Advisors, LLC, a Delaware limited liability company (the “Advisor”) and Phillips Edison NTR LLC (formerly known as Phillips Edison & Company SubAdvisor LLC), a Delaware limited liability company (the “Sub-advisor”).

FORM OF AMENDED AND RESTATED SUBSCRIPTION ESCROW AGREEMENT
Subscription Escrow Agreement • July 2nd, 2010 • Phillips Edison - ARC Shopping Center REIT Inc. • Real estate investment trusts • New York

THIS SUBSCRIPTION ESCROW AGREEMENT (this “Escrow Agreement”), dated as of June , 2010, is entered into by and among Realty Capital Securities, LLC (the “Dealer Manager”), Phillips Edison – ARC Shopping Center REIT Inc. (the “Company”) and Wells Fargo Bank, National Association, as Escrow Agent (the “Escrow Agent”).

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