exhibit 10. 25 environmental indemnity agreement this environmental indemnity agreement ( this “ agreement ” ), which is dated as of february 15, 2008, is executed by nnn western place, llc, a delaware limited liability company, nnn western place 1, llc, a delaware limited liability company, nnn western place 2, llc, a delaware limited liability company, nnn western place 3, llc, a delaware limited liability company, nnn western place 4, llc, a delaware limited liability company, nnn western place 5, llc, a delaware limited liability company, nnn western place 6, llc, a delaware limited liability company, nnn western place 7, llc, a delaware limited liability company, and greit — western place, lp, a texas limited partnership ( individually and collectively, the “ borrower ” ), gary h. hunt, w. brand inlow, edward a. johnson, d. fleet wallace, and gary t. wescombe, as trustees of the g reit liquidating trust dated january 22, 2008, and nnn realty advisors, inc., a delaware corporation ( individually and collectively, “ indemnitor ” ), as a condition of, and to induce wachovia bank, national association, a national banking association ( “ lender ” ), to make, a loan ( the “ loan ” ) to borrower evidenced or to be evidenced by a promissory note of even date herewith, made by borrower payable to the order of lender in the face principal amount of $ 28, 000, 000. 00 ( the “ note ” ). the loan is secured or to be secured by a deed of trust, assignment, security agreement and fixture filing ( the “ deed of trust ” ) of even date herewith, encumbering certain real and personal property as therein described ( collectively, the “ property ” ), including the land described in exhibit a which is attached hereto and made a part hereof. 1. certain definitions. as used in this agreement : “ claim ” means any controversy or claim between one or more obligors and lender, whether arising in contract or tort or by statute, that arises out of or relates to this agreement, including any renewals, extensions or modifications hereof. “ cut - off date ” means the earlier of the following two dates : ( a ) the date on which the indebtedness