FIRST AMENDMENT TO SUBSCRIPTION ESCROW AGREEMENTSubscription Escrow Agreement • September 24th, 2010 • Phillips Edison - ARC Shopping Center REIT Inc. • Real estate investment trusts • New York
THIS FIRST AMENDMENT TO SUBSCRIPTION ESCROW AGREEMENT (this “First Amendment”), dated as of September 17, 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”).
