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) 00000 XX Xxxxxxx 00 Xxxxxxxxxxx, Xxxxxxx, (ii) 00 Xxxxxx Xxxx, Xxxxxxxx, Xxxxxxx, (iii) 000 Xxxxxx Xxxxxx, Xxxx Xxxxxxx, Xxxxxxx, (iv) 000 Xxxxxxx 000, Xxxxxxx, Xxxxxxxxx and (v) 0000 Xxxxxxx 000, Xxxxxxxxxxxx, Xxxxxxxxx (“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 6th day of November, 2012.
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ASSIGNOR: |
Highwood Investments, LLC, an Illinois limited liability company | |
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By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Name: |
Xxxxxxxx X. Xxxxxxxx |
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Title: |
Managing Member |
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ASSIGNEE: |
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Inland Real Estate Acquisitions, Inc., an Illinois corporation | |
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By: |
/s/ G. Xxxxxx Xxxxxxx |
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Name: |
G. Xxxxxx Xxxxxxx |
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Title: |
President |
