ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
EXHIBIT 10.168
ASSIGNMENT AND ASSUMPTION OF PURCHASE AND SALE AGREEMENT
For good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the undersigned, INLAND REAL ESTATE ACQUISITIONS, INC., an Illinois corporation, (“Assignor”) hereby assigns to INLAND AMERICAN ST PORTFOLIO II, L.L.C., a Delaware limited liability company, (“Assignee”) all of Assignor’s right, title and interest as a party to that certain Purchase and Sale Agreement [Portfolio II] (the “Purchase Agreement”) by and between INLAND REAL ESTATE ACQUISITIONS, INC., (“Buyer”), and SUNTRUST BANK, a Georgia banking corporation, (“Seller”), dated October 17, 2007, as amended, with respect to the purchase and sale of those certain parcel(s) of land more fully defined on Exhibit A, attached hereto (the “Property”).
By execution hereof by Assignee, Assignee for itself and its successors and assigns hereby accepts the assignment and assumes all of the obligations of Assignor under the Purchase Agreement with respect to the Properties. The Assignor acknowledges and agrees that notwithstanding the foregoing the Assignor is not released from any of its obligations under the Purchase Agreement.
This Assignment is effective as of the 30th day of November, 2007.
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ASSIGNOR: |
INLAND REAL ESTATE ACQUISITIONS, INC., |
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an Illinois corporation |
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By: |
/s/ G. Xxxxxx Xxxxxxx |
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G. Xxxxxx Xxxxxxx |
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Its |
President |
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ASSIGNEE: |
INLAND AMERICAN
ST PORTFOLIO II, L.L.C., |
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By: Inland
American Real Estate Trust, Inc., a |
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By: |
/s/ Xxxxxx X. Xxxxx |
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Xxxxxx X. Xxxxx |
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Its: |
Assistant Secretary |
Exhibit A
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Pool |
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Prop. ID |
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Property Name |
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Xxxxxxx |
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Xxxx |
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Xxxxxx |
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XX |
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00 |
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XX00000 |
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North X Northwest |
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1785 the Exchange |
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Atlanta |
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Xxxx |
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GA |
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2 |
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GA00342 |
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Pershing Point Branch |
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0000 Xxxxxxxxx Xxxxxx, X.X. |
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Xxxxxxx |
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Xxxxxx |
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XX |
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1 |
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GA00356 |
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Executive Park Branch |
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Xxx Xxxxxxxxx Xxxx Xxxxx, Xxxxxxxxx |
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Xxxxxxx |
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XxXxxx |
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XX |
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1 |
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GA00376 |
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North Xxxxxx Hospital Branch |
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00000 Xxxxxxxxxx Xxxxxxx |
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Xxxxxxx |
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Xxxxxx |
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XX |
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10 |
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GA00381 |
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Georgetown Branch |
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0000 Xxxxxxxx Xxxxxxxx Xxxx |
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Xxxxxxxx |
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XxXxxx |
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XX |
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4 |
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GA00424 |
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Peachtree Corners Branch |
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0000 Xxxxxxxxx Xxxxxxxxxx Xxxxxxxxx |
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Xxxxxxxx |
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Xxxxxxxx |
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XX |
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4 |
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GA00503 |
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Washington Road (Augusta) Xxxxxx |
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0000 Xxxxxxxxxx Xxxx |
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Xxxxxxx |
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Xxxxxxxx |
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XX |
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1 |
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GA00635 |
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Cedartown Branch |
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000 Xxxxx Xxxx Xxxxxx |
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Xxxxxxxxx |
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Xxxx |
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GA |
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4 |
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GA00644 |
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Bowdon Branch |
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000 Xxxx Xxxxxxx Xxxxxx |
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Xxxxxx |
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Xxxxxxx |
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XX |
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2 |
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GA00714 |
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North Brunswick Office |
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0000 Xxxxxxx Xxxxxx |
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Xxxxxxxxx |
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Xxxxx |
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GA |
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4 |
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GA00716 |
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Xxxxxx Xxxxxx |
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0000 Xxxxxx Xxxx |
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Xx. Xxxxxx Xxxxxx |
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Xxxxx |
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XX |
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4 |
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GA00728 |
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Jesup Xxxxxx |
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000 Xxxxx Xxxxx Xxxxxx |
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Xxxxx |
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Xxxxx |
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XX |
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2 |
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MD00228 |
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Parole |
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2350 Solomons Island Road |
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Annapolis |
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Xxxx Arundel |
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MD |
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10 |
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MD00291 |
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Ellicott City |
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9080 Baltimore National Pike |
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Ellicott City |
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Xxxxxx |
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MD |
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2 |
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MD00307 |
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Rosemont |
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0000 Xxxxxxxx Xxxxxx |
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Xxxxxxxxx |
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Xxxxxxxxx |
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XX |
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0 |
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XX00000 |
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Waldorf |
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0000 Xxxxxxxxxxx Xxxx |
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Xxxxxxx |
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Xxxxxxx |
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XX |
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0 |
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XX00000 |
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NCF: Belmont Main St |
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000 Xxxxx Xxxx Xx |
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Xxxxxxx |
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Xxxxxx |
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XX |
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2 |
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NC00152 |
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NCF: Maple Avenue |
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0000 Xxxxx Xxxxxx |
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Xxxxxxxxxx |
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Xxxxxxxx |
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XX |
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10 |
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NC00153 |
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NCF: Cum Park |
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0000 X Xxxxxx Xxxxxx |
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Xxxxxxxxxx |
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Xxxxxxxx |
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XX |
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0 |
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XX00000 |
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NCF: Carrboro |
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000 Xxxxxxx 00 Xxxx |
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Xxxxxxxx |
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Xxxxxx |
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XX |
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1 |
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NC00207 |
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NCF: Parkade |
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000 Xxxxxxx Xxxx X |
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Xxxxxxx |
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Xxxxxxxx |
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XX |
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1 |
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NC00217 |
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NCF: Northgate |
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0000 X Xxxxxxx Xxxxxx |
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Xxxxxx |
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Xxxxxx |
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XX |
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0 |
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XX00000 |
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NCF: Summit Avenue |
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0000 Xxxxxx Xxxxxx |
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Xxxxxxxxxx |
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Xxxxxxxx |
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XX |
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1 |
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NC00302 |
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NCF: Lexington |
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0 Xxxxx Xxxxx Xxxxxx |
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Xxxxxxxxx |
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Xxxxxxxx |
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XX |
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10 |
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NC00305 |
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NCF: Xxxxxxxx - Xxxx St |
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000 X Xxxx Xx |
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Xxxxxxxx |
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Xxxxxxxxxxx |
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XX |
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0 |
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XX00000 |
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NCF: Mocksville-Valley Road |
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000 Xxxxxxxxxxx Xx |
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Xxxxxxxxxx |
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Xxxxx |
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XX |
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0 |
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XX00000 |
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NCF: Jefferson St |
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000 Xxxx Xxxxxxxxx Xxxxxx |
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Xxxxxx |
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Xxxxx |
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XX |
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2 |
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NC00316 |
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NCF: Oakboro |
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000 Xxxxx Xxxx Xxxxxx |
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Xxxxxxx |
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Stanly |
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NC |
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1 |
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NC00322 |
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NCF: West Street |
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000 Xxxx Xxxxxx |
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Xxxxxxxxx |
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Xxxxxxx |
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XX |
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0 |
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XX00000 |
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NCF: Pinewinds |
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000 Xxxxx Xxxx Xxxxx |
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Xxxxxxx |
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Xxxx |
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XX |
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4 |
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NC00396 |
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NCF: Zebulon |
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000 X Xxxxxxxx Xxxxxx |
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Xxxxxxx |
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Xxxx |
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XX |
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2 |
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NC00398 |
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NCF: Yadkin Plaza |
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000 X Xxxxx Xx |
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Xxxxxxxxxxx |
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Xxxxxx |
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XX |
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10 |
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SC00134 |
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NCF: Perpetual Square |
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0000 Xxx 00 Xxxxx |
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Xxxxxxxx |
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Xxxxxxxx |
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XX |
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2 |
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SC00138 |
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NCF: Belton |
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000 Xxxxxxxx Xxxxxx |
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Xxxxxx |
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Xxxxxxxx |
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XX |
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2 |
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SC00189 |
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NCF: Travelers Rest |
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0000 Xxxxx Xxxx Xxxx |
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Xxxxxxxxx Xxxx |
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Xxxxxxxxxx |
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XX |
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2 |
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TN00162 |
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West Nashville Branch |
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0000 Xxxxxxxxx Xxxxxx |
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Xxxxxxxxx |
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Xxxxxxxx |
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XX |
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10 |
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TN00168 |
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Madison Branch |
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000 Xxxxxxxx Xxxx Xxxxx |
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Xxxxxxx |
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Xxxxxxxx |
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XX |
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2 |
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TN00180 |
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Murfreesboro Road Branch |
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000 Xxxxxxxxxxxx Xxxx |
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Xxxxxxxxx |
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Xxxxxxxx |
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XX |
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1 |
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TN00190 |
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Xxxxx Road Branch |
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0000 Xxxxx Xxxx |
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Xxxxxxxxx |
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Xxxxxxxx |
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XX |
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4 |
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XX00000 |
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Xxxxxxxx Xxxxxx |
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0000 Xxxxxxxxxxxx Xxxx |
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Xxxxxxxx |
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Xxxxxxxxxx |
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XX |
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10 |
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TN00264 |
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Brainerd Branch |
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0000 Xxxxxxxx Xxxx |
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Xxxxxxxxxxx |
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Xxxxxxxx |
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XX |
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0 |
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XX00000 |
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Church Hill |
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0000 X. Xxxxx Xx |
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Xxxxxxxx |
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Xxxx xx Xxxxxxxx |
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XX |
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10 |
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VA00166 |
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Azalea |
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0000 Xxxxxx Xxx |
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Xxxxxxxx |
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Xxxxxxx |
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XX |
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0 |
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XX00000 |
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Washington Street |
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0000 Xxxx Xxxxxxxxxx Xx |
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Xxxxxxxxxx |
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Xxxx xx Xxxxxxxxxx |
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XX |
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10 |
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VA00489 |
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Boonsboro |
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0000 Xxxxxxxxx Xxxx |
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Xxxxxxxxx |
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Xxxx of Lynchburg |
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VA |
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1 |
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VA00520 |
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Industrial Park |
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0000 Xxxxxxxx Xxxx Xxxx |
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Xxxxxxx |
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Xxxx xx Xxxxxxx |
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XX |
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10 |
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VA00561 |
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Cheriton |
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00000 Xxxxxxxx Xxxxxxx |
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Xxxxxxxx |
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Xxxxxxxxxxx |
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XX |
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0 |
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XX00000 |
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Rocky Mount Main Xxxxxx |
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000 Xxxxx Xxxx Xxxxxx |
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Xxxxx Xxxxx |
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Xxxxxxxx |
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XX |
