Assignment of Purchase and Sale Agreement for Larkspur Landing Shopping Center by Inland Real Estate Acquisitions, Inc. to Inland Western Larkspur, L.L.C.

Summary

Inland Real Estate Acquisitions, Inc. assigns all its rights and obligations as Buyer under a Purchase and Sale Agreement for the Larkspur Landing Shopping Center to Inland Western Larkspur, L.L.C. The Assignee agrees to take over all responsibilities and liabilities under the agreement from the date of assignment and to protect the Assignor from any related claims. This transfer is formalized and accepted by both parties as of January 14, 2004.

EX-10.67 56 a2128945zex-10_67.txt EXHIBIT 10.67 Exhibit 10.67 Larkspur Landing Shopping Center ASSIGNMENT This Assignment is made as of the 14th day of January 2004 by INLAND REAL ESTATE ACQUISITIONS, INC., an Illinois corporation ("Assignor") to and for the benefit of INLAND WESTERN LARKSPUR, 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 the terms of a Purchase and Sale Agreement dated as of December 12, 2003, as amended and entered into by Larkspur Landing, LLC, a Delaware limited liability company, as Seller, and Assignor, as Buyer (collectively, the "Agreement"). 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/ Lou Quilici ------------------------------ Name: LOU QUILICI --------------------------- As Its: SR V P -------------------------- ASSIGNEE: INLAND WESTERN LARKSPUR, L.L.C., a Delaware limited liability company By: Inland Western Retail Real Estate Trust, Inc., a Maryland corporation By: /s/ [ILLEGIBLE] ------------------------------ Name: [ILLEGIBLE] --------------------------- As Its: Authorised Agent --------------------------