Common use of Not a Separate Entity Clause in Contracts

Not a Separate Entity. Nothing contained herein shall constitute you and/or the Soliciting Dealers or any of them an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding of our agreement, kindly sign and return it to us, whereupon this instrument will become a binding agreement between you and the Company in accordance with its terms. AMERICAN REALTY CAPITAL TRUST, INC., a Maryland corporation By: _________________________________ Name: Title: Accepted as of the date first above written: REALTY CAPITAL SECURITIES, LLC By: _________________________________ Name: Title:

Not a Separate Entity. Nothing contained herein shall constitute you and/or the Soliciting Dealers or any of them an association, partnership, limited liability company, unincorporated business or other separate entity. If the foregoing is in accordance with your understanding of our agreement, kindly sign and return it to us, whereupon this instrument will become a binding agreement between you and the Company in accordance with its terms. AMERICAN REALTY CAPITAL TRUST, INC., a Maryland corporation By: _________________________________ Name: Title: Accepted as of the date first above written: AMERICAN REALTY CAPITAL SECURITIES, LLC By: _________________________________ Name: Title: