Exhibit 10.4

 

April 14, 2008

 

Mr. Niall J. Byrne

4708 North Lamon Avenue

Chicago, IL 60630

 

                    RE:  EMPLOYMENT AGREEMENT

 

Dear Niall:

 

This letter agreement (this “Agreement”) modifies certain terms of your
employment agreement under which you agree to be employed by Inland Northwest
Management Corp., Inland Southwest Management Corp. and Inland Western
Management Corp. (collectively the “Companies”) and Inland Western Retail Real
Estate Trust, Inc. (“IWEST”).

 

1. Employment Period.  Your term of employment with the Companies shall 
continue until June 30, 2008 (the “Employment Period”), subject to earlier
termination as provided therein.

 

2.  Retroactive.  The Company acknowledges that any compensation increase
negotiated during the remainder of the Employment Period shall be made
retroactive to January 1, 2008.

 

3.  Conflicts.  All other terms and conditions in the original employment
agreement remain in full force and effect.

 

 

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IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be
executed and delivered as of the day and year first above written.

 

INLAND NORTHWEST MANAGEMENT
CORP., a Delaware corporation

 

Niall J. Byrne

 

 

 

By:

/s/ Michael J. O’Hanlon

 

/s/ Niall J. Byrne

 

 

 

INLAND SOUTHWEST MANAGEMENT
CORP., a Delaware corporation

 

 

 

 

 

By:

/s/ Michael J. O’Hanlon

 

 

 

 

 

INLAND WESTERN MANAGEMENT
CORP., a Delaware corporation

 

 

 

 

 

By:

/s/ Michael J. O’Hanlon

 

 

 

 

 

INLAND WESTERN RETAIL REAL
ESTATE TRUST, INC., a Maryland
corporation

 

 

 

 

 

By:

/s/ Michael J. O’Hanlon

 

 

 

Michael J. O’Hanlon

 

 

 

President and Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

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