Exhibit 10.3

 

Prepared by and after

recording return to:

Richard S. Arfa, Esq.

831 East Morehead Street, Suite 550

Charlotte, NC 28202

 

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, PERIMETER WOODS RETAIL SAE, LLC, a North Carolina limited
liability company (“Assignor”), hereby assigns to INLAND DIVERSIFIED CHARLOTTE
PERIMETER WOODS, L.L.C., a Delaware limited liability company (“Assignee”), and
its successors and assigns, and Assignee hereby assumes all of Assignor’s 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 1st day of June, 2011.

 

[Signature blocks and acknowledgments on following pages]

 

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ASSIGNOR:

 

 

 

PERIMETER WOODS RETAIL SAE, LLC, a North Carolina limited liability company

 

 

 

By: PERIMETER WOODS DEVELOPMENT, LLC, a North Carolina limited liability company

 

Its: Manager

 

 

 

By:

/s/ John Collett

 

Name:

John Collett

 

Its:

Manager

 

Mecklenburg County, State of  North Carolina

 

I certify that the following person(s) personally appeared before me this day,
each acknowledging to me that he or she signed

the foregoing document:

John Collett

 

 

name(s) of principal(s)

 

Date:

May 31, 2011

 

 

/s/ Lorraine A. Carroll

 

 

(official signature of Notary)

 

 

 

 

 

Lorraine A. Carroll

, Notary Public

 

 

(Notary’s printed or typed name)

 

 

 

 

(Official Seal)

 

My commission expires:

October 12, 2013

 

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ASSIGNEE:

 

 

 

Inland Diversified Charlotte Perimeter Woods, L.L.C.

 

a Delaware limited liability company

 

 

 

By:

Inland Diversified Real Estate Trust, Inc.,

 

 

a Maryland corporation, its sole member

 

 

 

By:

/s/ Lou T. Quilici

 

Name:

Lou T. Quilici

 

Its:

Authorized Agent

 

Lake County, State of Illinois

 

I certify that the following person(s) personally appeared before me this day,
each acknowledging to me that he or she signed the foregoing document:

 

 

 

Lou T. Quilici

 

 

name(s) of principal(s)

 

 

 

Date:

5/31/11

 

 

/s/ Michael A. Shlau

 

 

(official signature of Notary)

 

 

 

 

 

Michael A. Shlau

, Notary Public

 

 

(Notary’s printed or typed name)

 

 

 

 

 

 

 

(Official Seal)

 

My commission expires:

 

 

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Exhibit A

 

LIST OF LEASES

 

(See attached Rent Roll)

 

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