0001438897-09-000004 Sample Contracts

BUSINESS MANAGEMENT AGREEMENT
Business Management Agreement • August 27th, 2009 • Inland Diversified Real Estate Trust, Inc. • Real estate investment trusts • Illinois

THIS BUSINESS MANAGEMENT AGREEMENT (this “Agreement”), dated as of August 24, 2009, is entered into by and between INLAND DIVERSIFIED REAL ESTATE TRUST, INC., a Maryland corporation (the “Company”), and INLAND DIVERSIFIED BUSINESS MANAGER & ADVISOR INC., an Illinois corporation (the “Business Manager”).

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INLAND DIVERSIFIED REAL ESTATE TRUST, INC. 550,000,000 SHARES OF COMMON STOCK $.001 PAR VALUE PER SHARE DEALER MANAGER AGREEMENT August 24, 2009 Inland Securities Corporation 2901 Butterfield Road Oak Brook, Illinois 60523
Dealer Manager Agreement • August 27th, 2009 • Inland Diversified Real Estate Trust, Inc. • Real estate investment trusts • Illinois

Inland Diversified Real Estate Trust, Inc., a Maryland corporation formed on June 30, 2008 (the “Company”), and governed by bylaws (as may be amended from time to time, the “Bylaws”) and Articles of Incorporation (as may be amended from time to time, the “Articles”) in the form filed as exhibits to the Registration Statement, as described in Section 1(a) hereof (the Bylaws and Articles being hereinafter referred to as the “Organizational Documents”), is offering, upon the terms and conditions set forth in the Prospectus (as defined below), (i) on a “best efforts” basis up to 500,000,000 shares of common stock, $.001 par value per share (the “Shares”) for a purchase price of $10.00 per Share with a minimum initial investment of $3,000 ($1,000 in the case of tax-exempt entities) and (ii) up to 50,000,000 Shares for a purchase price of $9.50 per Share for issuance through the Company’s distribution reinvestment plan (collectively the “Offering”). Each subscriber will be required to enter

MASTER REAL ESTATE MANAGEMENT AGREEMENT
Master Real Estate Management Agreement • August 27th, 2009 • Inland Diversified Real Estate Trust, Inc. • Real estate investment trusts • Illinois

THIS MASTER REAL ESTATE MANAGEMENT AGREEMENT (this “Agreement”), dated as of August 24, 2009, is entered into by and between INLAND DIVERSIFIED REAL ESTATE TRUST, INC., a Maryland corporation (“Company”), and INLAND DIVERSIFIED ASSET SERVICES LLC, a Delaware limited liability company (“Manager”).

INVESTMENT ADVISORY AGREEMENT FOR DISCRETIONARY ACCOUNTS
Investment Advisory Agreement • August 27th, 2009 • Inland Diversified Real Estate Trust, Inc. • Real estate investment trusts • Illinois

This INVESTMENT ADVISORY AGREEMENT (the “Agreement”) is made and entered into as of this 24th day of August, 2009 by and between Inland Diversified Real Estate Trust, Inc. (“Client”) and Inland Investment Advisors, Inc., an Illinois corporation (“Adviser”), an investment adviser registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”), for the purpose of setting forth the terms and conditions pursuant to which Adviser will manage Client’s assets designed for management hereunder.

PROPERTY ACQUISITION AGREEMENT
Property Acquisition Agreement • August 27th, 2009 • Inland Diversified Real Estate Trust, Inc. • Real estate investment trusts • Illinois

THIS PROPERTY ACQUISITION AGREEMENT (this “Agreement”) is entered into as of August 24, 2009 by and between INLAND REAL ESTATE ACQUISITIONS, INC., an Illinois corporation (“Acquisitions”), INLAND DIVERSIFIED BUSINESS MANA GER & ADVISOR, INC., an Illinois corporation (“ Business Manager ”) and INLAND DIVERSIFIED REAL ESTATE TRUST, INC., a Maryland corporation (the “Company”). Acquisitions , Business Manager and the Company are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”

ESCROW AGREEMENT
Escrow Agreement • August 27th, 2009 • Inland Diversified Real Estate Trust, Inc. • Real estate investment trusts • Illinois

THIS ESCROW AGREEMENT (this “Agreement”) made and entered into as of this 24th day of August, 2009 by and among Inland Diversified Real Estate Trust, Inc., a Maryland corporation (the “Company”), Inland Securities Corporation, a Delaware corporation (the “Dealer Manager”), and UMB Bank, N.A., as escrow agent, a national banking association organized and existing under the laws of the United States of America (the “Escrow Agent”).

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