0001299933-09-002269 Sample Contracts

THIRD AMENDMENT TO AGREEMENT FOR PURCHASE AND SALE
Agreement for Purchase and Sale • May 20th, 2009 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings

This THIRD AMENDMENT TO AGREEMENT FOR PURCHASE AND SALE (this “Amendment”) is made and entered into this 15th day of May, 2009, by and between the undersigned selling entities (collectively, “Seller”) and ROBERT KO (“Buyer”).

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MODIFICATION OF DEED OF TRUST AND OTHER LOAN DOCUMENTS
Trust and Other Loan Documents • May 20th, 2009 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings • Illinois

THIS MODIFICATION OF DEED OF TRUST AND OTHER LOAN DOCUMENTS (this “Agreement”) is made as of the 15th day of May, 2009, but is effective as of May 12, 2009, by and among NNN VF 901 CIVIC, LLC, a Delaware limited liability company, whose mailing address is c/o Grubb & Ellis Realty Investors, LLC, 1551 North Tustin Avenue, Suite 200, Santa Ana, California 92705 and NNN 901 CIVIC, LLC, a Delaware limited liability company, whose mailing address is c/o Grubb & Ellis Realty Investors, LLC, 1551 North Tustin Avenue, Suite 200, Santa Ana, California 92705 (jointly, "Borrower”), NNN 2003 VALUE FUND, LLC, a Delaware limited liability company (“Guarantor”) and BANK OF AMERICA, N.A., a national banking association, its successors and assigns, successor by merger to LaSalle Bank National Association (“Lender”).

MODIFICATION OF DEED OF TRUST AND OTHER LOAN DOCUMENTS
Trust and Other Loan Documents • May 20th, 2009 • NNN 2003 Value Fund LLC • Operators of nonresidential buildings • Illinois

THIS MODIFICATION OF DEED OF TRUST AND OTHER LOAN DOCUMENTS (this “Agreement”) is made as of the 15th day of May, 2009, but is effective as of May 12, 2009, by and among NNN VF 901 CIVIC, LLC, a Delaware limited liability company, whose mailing address is c/o Grubb & Ellis Realty Investors, LLC, 1551 North Tustin Avenue, Suite 200, Santa Ana, California 92705 and NNN 901 CIVIC, LLC, a Delaware limited liability company, whose mailing address is c/o Grubb & Ellis Realty Investors, LLC, 1551 North Tustin Avenue, Suite 200, Santa Ana, California 92705 (jointly, "Borrower”), NNN 2003 VALUE FUND, LLC, a Delaware limited liability company (“Guarantor”) and BANK OF AMERICA, N.A., a national banking association, its successors and assigns, successor by merger to LaSalle Bank National Association (“Lender”).

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