Exhibit 10.20
AMENDMENT NO. 1 TO ADVISORY
AGREEMENT
This Amendment
No. 1 to Advisory Agreement is executed this 25
th
day of March, 2009
by and between Strategic Storage Trust, Inc., a Maryland
corporation (the “Company”) and Strategic Storage
Advisor, LLC, a Delaware limited liability company (the
“Advisor”).
WHEREAS, the Advisor and the Company are parties to that
certain Advisory Agreement dated March 17, 2008, the terms of
which are incorporated herein by reference (the
“Agreement”);
WHEREAS, the Advisor and the Company, by mutual consent,
have renewed the Agreement on March 24, 2009, effective until
March 17, 2010;
WHEREAS , the Advisor and the Company desire to amend
the Agreement to revise the definition of “Capped O&O
Expenses”, in order to incorporate the original intention of
the Advisor and the Company;
NOW THEREFORE,
for and in consideration of the
premises and the mutual covenants contained herein, and other good
and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the undersigned, intending to be legally
bound, agree as follows:
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1.
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Effective as
the date hereof, the definition of &ldq
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