Assignment Agreement between Inland Real Estate Acquisitions, Inc. and MB Keene Monadnock, L.L.C. (Monadnock Marketplace Units)

Summary

Inland Real Estate Acquisitions, Inc. assigns its rights and obligations as buyer under a prior agreement for the purchase of specific condominium units at Monadnock Marketplace in Keene, New Hampshire, to MB Keene Monadnock, L.L.C. The assignee agrees to take over all buyer responsibilities and to protect the assignor from any claims related to the agreement from the date of assignment onward. Both parties have signed to confirm the transfer and acceptance of these terms.

EX-10.25 2 a06-1147_1ex10d25.htm MATERIAL CONTRACTS

Exhibit 10.25

 

ASSIGNMENT

 

This Assignment is made as of the 20th day of December, 2005 by INLAND REAL ESTATE ACQUISITIONS, INC., an Illinois corporation (“Assignor”) to and for the benefit of MB KEENE MONADNOCK, L.L.C., a Delaware limited liability company (“Assignee”).

 

Assignor does hereby sell, assign, transfer, set over and convey unto Assignee all of its right, title and interest as Buyer under that certain letter agreement dated November 9, 2005 between Assignor and Monadnock Condominium Limited Partnership, as amended, (collectively, the “Agreement”), for the sale and purchase of, among other things, Units 2, 3, 4A, 4B, 7, 8, 9, 10, 11, 12, 13 and 14 of the Monadnock Condominium (the “Units”) located on a portion of a shopping center known as Monadnock Marketplace and located in Keene, New Hampshire (the “Property”).

 

Assignor represents and warrants that it is the Buyer under the Agreement, and that it has not sold, assigned, transferred, or encumbered such interest in any way to any other person or entity. By acceptance hereof, Assignee accepts the foregoing assignment and agrees, from and after the date hereof, to (i) perform all of the obligations of Buyer under the Agreement, and (ii) indemnify, defend, protect and hold Assignor harmless from and against all claims and liabilities arising under the Agreement.

 

IN WITNESS WHEREOF, Assignor and Assignee have executed this instrument as of the date first written above.

 

 

 

ASSIGNOR:

 

INLAND REAL ESTATE

 

ACQUISITIONS, INC.

 

an Illinois corporation

 

 

 

By:

/s/ G. Joseph Cosenza

 

 

Name:

G. Joseph Cosenza

 

 

As Its:

President

 

 

 

 

 

 

ASSIGNEE:

 

MB KEENE MONADNOCK, L.L.C.

 

a Delaware limited liability company

 

 

 

By:

Minto Builders (Florida), Inc., a
Florida corporation

 

Its:

Sole Member

 

 

 

By:

/s/ Debra A. Palmer

 

 

Name:

Debra A. Palmer

 

 

As Its:

Assistant Secretary