0001299933-05-005133 Sample Contracts

PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS BY AND BETWEEN PS BUSINESS PARKS, L.P., a California limited partnership (“Seller”) and Triple Net Properties, LLC, a Virginia limited liability company (“Buyer”) Dated effective as of July 1, 2005
Purchase and Sale Agreement and Escrow Instructions • October 7th, 2005 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings • California

THIS PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS (this “Agreement”) is made effective as of July 1, 2005 (the “Effective Date’”), by and between PS BUSINESS PARKS, L.P., a California limited partnership (“Seller”), and Triple Net Properties, LLC, a Virginia limited liability company (“Buyer”).

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FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS
Purchase and Sale Agreement and Escrow Instructions • October 7th, 2005 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings

THIS FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS (“Amendment”) dated effective as of September 12, 2005, is made by and between PS BUSINESS PARKS, L.P., a California limited partnership (“Seller”), and Triple Net Properties, LLC, a Virginia limited liability company (“Buyer”).

ADDENDUM TO AND ASSIGNMENT OF REAL ESTATE PURCHASE CONTRACT AND RECEIPT FOR DEPOSIT PHASE 1
NNN 2003 Value Fund LLC • October 7th, 2005 • Operators of nonresidential buildings

This Addendum and, Assignment is agreed to as of September 26, 2005 by Buyer and Seller as defined in the purchase contract (“Contract”) dated July 1, 2005 for the real property located at Woodside Corporate Park Buildings, Beaverton, Oregon (“Subject Property”). Buyer and Seller intend to supplement and amend the Contract.

THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS
Purchase and Sale Agreement and Escrow Instructions • October 7th, 2005 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings

THIS THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS (“Amendment”) dated effective as of September 29, 2005, is made by and between PS BUSINESS PARKS, L.P., a California limited partnership (“Seller”), and TRIPLE NET PROPERTIES, LLC, a Virginia limited liability company (“Buyer”).

SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS
Purchase and Sale Agreement and Escrow Instructions • October 7th, 2005 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings

THIS SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS (“Amendment”) dated effective as of September _, 2005, is made by and between PS BUSINESS PARKS, L.P., a California limited partnership (“Seller”), and Triple Net Properties, LLC, a Virginia limited liability company (“Buyer”).

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