Attached files
EXHIBIT 10.3
ASSIGNMENT AND ASSUMPTION OF LEASES
For and in consideration of Ten Dollars ($10.00) in hand paid, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, PRATTCENTER, LLC, an Alabama limited liability company (Assignor), hereby assigns to INLAND DIVERSIFIED PRATTVILLE LEGENDS, L.L.C., a Delaware limited liability company (Assignee), and its successors and assigns, and Assignee hereby assumes all of Assignors right, title and interest in, to and under those certain leases described on Exhibit A attached hereto and made a part hereof (the Leases), which Leases relate to that certain real property legally described on Exhibit B attached hereto and made a part hereof. Assignor shall remain responsible and liable for all liabilities and expenses and landlord obligations relating to the Leases that occurred and accrued prior to the effective date of this Assignment and Assumption of Leases (this Assignment). Assignee shall be responsible and liable for all liabilities and expenses and landlord obligations relating to the Leases that occur and accrue on or after the effective date of this Assignment.
IN WITNESS WHEREOF, Assignor and Assignee have executed and delivered this Assignment to be effective as of the 11 day of March, 2011.
[Signature blocks on following page]
1
ASSIGNOR:
PRATTCENTER, LLC
an Alabama limited liability company
By: /s/ Michael D. Smith
Name:
Michael D. Smith
Its: Manager
ASSIGNEE:
Inland Diversified Prattville Legends, L.L.C.,
a Delaware limited liability company
By: Inland Diversified Real Estate Trust, Inc.,
a Maryland corporation, its sole member
By: /s/ Sharon Anderson-Cox
Name: Sharon Anderson-Cox
Its: Vice President
2