ASSIGNMENT AND ASSUMPTION OF PURCHASEAGREEMENT LETTER
Exhibit 10.3
ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT LETTER
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 IREIT LaGrange Hamilton DG, L.L.C., a Delaware limited liability company, IREIT LaGrange Wares Cross DG, L.L.C., a Delaware limited liability company, IREIT Brooks DG, L.L.C., a Delaware limited liability company, IREIT Maryville DG, L.L.C., a Delaware limited liability company, IREIT Valley DG, L.L.C., a Delaware limited liability company, IREIT Daleville DG, L.L.C., a Delaware limited liability company and IREIT Mobile Moffett DG, L.L.C., a Delaware limited liability company (collectively, “Assignee”) all of Assignor’s right, title and interest to purchase those properties leased to Dolgencorp, LLC which are located at (i) 2956 Hamilton Road, LaGrange, Georgia, (ii) 112 Wares Cross Road, LaGrange, Georgia, (iii) 7768 Newnan Road, Brooks, Georgia, (iv) 109 Sam Houston School Road, Maryville, Tennessee, (v) 4919 Lee Road 270, Valley, Alabama, (vi) 501 E. Main Street, Daleville, Alabama and (vii) 5475 Moffett Road, Mobile, Alabama (“Properties”) pursuant to that certain Purchase Agreement Letter between Assignor, as purchaser, and Highwood Investments, LLC, as seller, dated September 5, 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: Inland Real Estate Acquisitions, Inc., an Illinois corporation
By: /s G. Joseph Cosenza
Name: G. Joseph Cosenza
Title: President
ASSIGNEE:
IREIT LaGrange Hamilton DG, L.L.C., a Delaware limited liability company
By: IREIT DG SPE II Member, L.L.C., a Delaware limited liability company, its Sole Member
By: Inland Real Estate Income Trust, Inc., a Maryland corporation, its Sole Member
By: /s David Z. Lichterman
Name: David Z. Lichterman
Title: Treasurer/Chief Accounting Officer
IREIT LaGrange Wares Cross DG, L.L.C., a Delaware limited liability company
By: IREIT DG SPE II Member, L.L.C., a Delaware limited liability company, its Sole Member
By: Inland Real Estate Income Trust, Inc., a Maryland corporation, its Sole Member
By: /s David Z. Lichterman
Name: David Z. Lichterman
Title: Treasurer/Chief Accounting Officer
IREIT Brooks DG, L.L.C., a Delaware limited liability company
By: IREIT DG SPE II Member, L.L.C., a Delaware limited liability company, its Sole Member
By: Inland Real Estate Income Trust, Inc., a Maryland corporation, its Sole Member
By: /s David Z. Lichterman
Name: David Z. Lichterman
Title: Treasurer/Chief Accounting Officer
IREIT Maryville DG, L.L.C., a Delaware limited liability company
By: IREIT DG SPE II Member, L.L.C., a Delaware limited liability company, its Sole Member
By: Inland Real Estate Income Trust, Inc., a Maryland corporation, its Sole Member
By: /s David Z. Lichterman
Name: David Z. Lichterman
Title: Treasurer/Chief Accounting Officer
IREIT Valley DG, L.L.C., a Delaware limited liability company
By: IREIT DG SPE II Member, L.L.C., a Delaware limited liability company, its Sole Member
By: Inland Real Estate Income Trust, Inc., a Maryland corporation, its Sole Member
By: /s David Z. Lichterman
Name: David Z. Lichterman
Title: Treasurer/Chief Accounting Officer
IREIT Daleville DG, L.L.C., a Delaware limited liability company
By: IREIT DG SPE II Member, L.L.C., a Delaware limited liability company, its Sole Member
By: Inland Real Estate Income Trust, Inc., a Maryland corporation, its Sole Member
By: /s David Z. Lichterman
Name: David Z. Lichterman
Title: Treasurer/Chief Accounting Officer
IREIT Mobile Moffett DG, L.L.C., a Delaware limited liability company
By: IREIT DG SPE II Member, L.L.C., a Delaware limited liability company, its Sole Member
By: Inland Real Estate Income Trust, Inc., a Maryland corporation, its Sole Member
By: /s David Z. Lichterman
Name: David Z. Lichterman
Title: Treasurer/Chief Accounting Officer
