0001362310-09-004559 Sample Contracts

SECURITY AGREEMENT
Security Agreement • March 31st, 2009 • Cole Credit Property Trust III, Inc. • Real estate investment trusts • Arizona

THIS SECURITY AGREEMENT (this “Agreement”) is made and entered into as of January 15, 2009, by and between Cole REIT III Operating Partnership, LP, a Delaware limited partnership (“Grantor”), whose address is 2555 East Camelback Road, Suite 400, Phoenix, Arizona 85016, and Series D, LLC, an Arizona limited liability company (“Lender”), whose address is 2555 East Camelback Road, Suite 400, Phoenix, Arizona 85016.

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PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • March 31st, 2009 • Cole Credit Property Trust III, Inc. • Real estate investment trusts • Arizona

THIS PURCHASE AND SALE AGREEMENT (this “Agreement”), dated as of January 15, 2009, between SERIES D, LLC, an Arizona limited liability company (“Seller”) having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016, and COLE REIT III OPERATING PARTNERSHIP, LP, a Delaware limited partnership (“Purchaser”), having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016.

INSTRUMENT OF ASSIGNMENT AND ASSUMPTION
Instrument of Assignment and Assumption • March 31st, 2009 • Cole Credit Property Trust III, Inc. • Real estate investment trusts • Arizona

INSTRUMENT OF ASSIGNMENT AND ASSUMPTION (this “Agreement”), dated this 15th day of January, 2009, between SERIES D, LLC, an Arizona limited liability company (“Assignor”), as assignor, having an address 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016, and COLE REIT III OPERATING PARTNERSHIP, LP, a Delaware limited partnership (“Assignee”), as assignee, having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016.

PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • March 31st, 2009 • Cole Credit Property Trust III, Inc. • Real estate investment trusts • Arizona

THIS PURCHASE AND SALE AGREEMENT (this “Agreement”), dated as of January 6, 2009, between SERIES C, LLC, an Arizona limited liability company (“Seller”) having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016, and COLE REIT III OPERATING PARTNERSHIP, LP, a Delaware limited partnership (“Purchaser”), having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016.

PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • March 31st, 2009 • Cole Credit Property Trust III, Inc. • Real estate investment trusts • Arizona

THIS PURCHASE AND SALE AGREEMENT (this “Agreement”), dated as of January 6, 2009, between SERIES C, LLC, an Arizona limited liability company (“Seller”) having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016, and COLE REIT III OPERATING PARTNERSHIP, LP, a Delaware limited partnership (“Purchaser”), having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016.

INSTRUMENT OF ASSIGNMENT AND ASSUMPTION
Instrument of Assignment and Assumption • March 31st, 2009 • Cole Credit Property Trust III, Inc. • Real estate investment trusts • Arizona

INSTRUMENT OF ASSIGNMENT AND ASSUMPTION (this “Agreement”), dated this 6th day of January, 2009, between SERIES B, LLC, an Arizona limited liability company (“Assignor”), as assignor, having an address 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016, and COLE REIT III OPERATING PARTNERSHIP, LP, a Delaware limited partnership (“Assignee”), as assignee, having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016.

SECURITY AGREEMENT
Security Agreement • March 31st, 2009 • Cole Credit Property Trust III, Inc. • Real estate investment trusts • Arizona

THIS SECURITY AGREEMENT (this “Agreement”) is made and entered into as of January 6, 2009, by and between Cole REIT III Operating Partnership, LP, a Delaware limited partnership (“Grantor”), whose address is 2555 East Camelback Road, Suite 400, Phoenix, Arizona 85016, and Series C, LLC, an Arizona limited liability company (“Lender”), whose address is 2555 East Camelback Road, Suite 400, Phoenix, Arizona 85016.

PURCHASE AND SALE AGREEMENT
Purchase and Sale Agreement • March 31st, 2009 • Cole Credit Property Trust III, Inc. • Real estate investment trusts • Arizona

THIS PURCHASE AND SALE AGREEMENT (this “Agreement”), dated as of January 9, 2009, between SERIES B, LLC, SERIES C, LLC, and SERIES D, LLC, all Arizona limited liability companies (collectively, “Seller”) having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016, and COLE REIT III OPERATING PARTNERSHIP, LP, a Delaware limited partnership (“Purchaser”), having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016.

INSTRUMENT OF ASSIGNMENT AND ASSUMPTION
Instrument of Assignment and Assumption • March 31st, 2009 • Cole Credit Property Trust III, Inc. • Real estate investment trusts • Arizona

INSTRUMENT OF ASSIGNMENT AND ASSUMPTION (this “Agreement”), dated this 9th day of January, between SERIES B, LLC, SERIES C, LLC and SERIES D, LLC, all Arizona limited liability companies (collectively, “Assignor”), as assignor, having an address 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016, and COLE REIT III OPERATING PARTNERSHIP, LP, a Delaware limited partnership (“Assignee”), as assignee, having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016.

INSTRUMENT OF ASSIGNMENT AND ASSUMPTION
Instrument of Assignment and Assumption • March 31st, 2009 • Cole Credit Property Trust III, Inc. • Real estate investment trusts • Arizona

INSTRUMENT OF ASSIGNMENT AND ASSUMPTION (this “Agreement”), dated this 9th day of January, 2009, between SERIES B, LLC, an Arizona limited liability company (“Assignor”), as assignor, having an address 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016, and COLE REIT III OPERATING PARTNERSHIP, LP, a Delaware limited partnership (“Assignee”), as assignee, having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016.

INSTRUMENT OF ASSIGNMENT AND ASSUMPTION
Instrument of Assignment and Assumption • March 31st, 2009 • Cole Credit Property Trust III, Inc. • Real estate investment trusts • Arizona

INSTRUMENT OF ASSIGNMENT AND ASSUMPTION (this “Agreement”), dated this 6th day of January, 2009, between SERIES C, LLC, an Arizona limited liability company (“Assignor”), as assignor, having an address 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016, and COLE REIT III OPERATING PARTNERSHIP, LP, a Delaware limited partnership (“Assignee”), as assignee, having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016.

INSTRUMENT OF ASSIGNMENT AND ASSUMPTION
Instrument of Assignment and Assumption • March 31st, 2009 • Cole Credit Property Trust III, Inc. • Real estate investment trusts • Arizona

INSTRUMENT OF ASSIGNMENT AND ASSUMPTION (this “Agreement”), dated this 6th day of January, 2009, between SERIES C, LLC, an Arizona limited liability company (“Assignor”), as assignor, having an address 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016, and COLE REIT III OPERATING PARTNERSHIP, LP, a Delaware limited partnership (“Assignee”), as assignee, having an address at 2555 East Camelback Road, Suite 400, Phoenix, AZ 85016.

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