ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT LETTER
Exhibit 10.4
ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT LETTER
For good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the undersigned Highwood Investments, LLC, an Illinois limited liablility company (“Assignor”) hereby assigns to Inland Real Estate Acquisitions, Inc., an Illinois corporation (“Assignee”) all of Assignor’s right, title and interest to purchase those properties leased to Dolgencorp, LLC which are located at (i) 0000 Xxxxxxxx Xxxx, XxXxxxxx, Xxxxxxx, (ii) 000 Xxxxx Xxxxx Xxxx, XxXxxxxx, Xxxxxxx, (xxx) 0000 Xxxxxx Xxxx, Xxxxxx, Xxxxxxx, (iv) 000 Xxx Xxxxxxx Xxxxxx Xxxx, Xxxxxxxxx, Xxxxxxxxx, (v) 0000 Xxx Xxxx 000, Xxxxxx, Xxxxxxx, (vi) 000 X. Xxxx Xxxxxx, Xxxxxxxxx, Xxxxxxx and (vii) 0000 Xxxxxxx Xxxx, Xxxxxx, Xxxxxxx (“Properties”) pursuant to that certain Purchase Agreement Letter between Assignor, as purchaser, and The Broadway Group, LLC, as seller, dated July 30, 2012 (the “Purchase Agreement Letter”).
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.
This Assignment and Assumption of Purchase Agreement Letter is effective as of the 28th day of December, 2012.
ASSIGNOR: Highwood Investments, LLC, an Illinois limited liability company
By: /s Xxxxxxxx X. Xxxxxxxx
Name: Xxxxxxxx X. Xxxxxxxx
Title: Managing Member
ASSIGNEE:
Inland Real Estate Acquisitions, Inc., an Illinois corporation
By: /s G. Xxxxxx Xxxxxxx
Name: G. Xxxxxx Xxxxxxx
Title: President