Assignment of Purchase Agreement by Inland Real Estate Acquisitions, Inc. to Inland Western Lakewood, L.L.C.

Summary

Inland Real Estate Acquisitions, Inc. is transferring all of its rights and obligations as purchaser under a property purchase agreement with MKB Northwest, LLC to Inland Western Lakewood, L.L.C. The property involved is located in Lakewood, Washington. Inland Western Lakewood, L.L.C. agrees to assume all purchaser responsibilities under the agreement and to protect Inland Real Estate Acquisitions, Inc. from any claims or liabilities related to the agreement after the assignment date.

EX-10.191 34 a2140704zex-10_191.txt EXHIBIT 10.191 Exhibit 10.191 ASSIGNMENT OF CONTRACT This ASSIGNMENT OF CONTRACT (the "ASSIGNMENT") is made and entered into this _______ day of June, 2004 by INLAND REAL ESTATE ACQUISITIONS, INC., an Illinois corporation ("ASSIGNOR") and INLAND WESTERN LAKEWOOD, 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 Purchase under that certain agreement dated as of May 12, 2004, as amended, and entered into by MKB Northwest, LLC, a Washington limited liability company, a Delaware corporation, as Seller, and Assignor, as Purchaser (collectively, the "AGREEMENT"), solely as the Agreement applies to the sale and purchase of the property described by the Agreement, located in Lakewood, Washington. Assignor represents and warrants that it is the Purchaser 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 Purchaser under the Agreement, and (ii) indemnify, defend, protect and hold Assignor harmless from and against all claims and liabilities arising under the Agreement. ASSIGNOR: INLAND REAL ESTATE ACQUISITIONS, INC., an Illinois corporation By: /s/ Lou Quilici --------------------------------- Name: Lou Quilici --------------------------------- Title: SRVP --------------------------------- ASSIGNEE: INLAND WESTERN LAKEWOOD, L.L.C., a Delaware limited liability company By: Inland Western Retail Real Estate Trust, Inc., a Maryland corporation, its sole member By: /s/ Valerie Medina --------------------------------- Name: Valerie Medina --------------------------------- Title: asst. Secretary ---------------------------------