ATTACHMENT 1 TO EXHIBIT K -- SUBORDINATION AGREEMENT
Any fees payable to the Advisor by the Borrower or any other member of the
Consolidated Group will be payable no more frequently than quarterly (other than
acquisition fees which may be paid on or about the time of the related
acquisition), and all such fees shall be subordinated to payment of all
Obligations then due and payable to the Administrative Agent or the Lenders as
provided in the subordination agreement attached as Exhibit K and shall not be
paid unless the Borrower is in compliance with all of its obligations under the
Loan Documents at the time of such payment and no Unmatured Default or Default
then exists hereunder (it being understood and agreed that during the
continuance of any Unmatured Default or Default, such fees may continue to
accrue and become payable upon the waiver, termination or cure of such Unmatured
Default or Default).
K-2
SCHEDULE 5.6
LITIGATION
(See Section 5.6)
None.
Schedule 5.6-1
SCHEDULE 5.7
SUBSIDIARIES OF BORROWER
Name of Subsidiary
State of
Organization
Percentage owned by Borrower or other Subsidiaries IREIT Athens Eastside, L.L.C.
Delaware 100% IREIT Branson Hills, L.L.C. Delaware 100% IREIT Branson Hills
Plaza - T, L.L.C. Delaware 100% IREIT Brooks DG, L.L.C. Delaware 100% IREIT
Conyers Heritage, L.L.C. Delaware 100% IREIT Coral Springs North Hills, L.L.C.
Delaware 100% IREIT Daleville DG, L.L.C. Delaware 100% IREIT DG SPE II Member,
L.L.C. Delaware 100% IREIT DG SPE Member, L.L.C. Delaware 100% IREIT East
Brewton DG, L.L.C. Delaware 100% IREIT Flowood Dogwood, L.L.C. Delaware 100%
IREIT Fresno El Paseo, L.L.C. Delaware 100% IREIT Frisco Marketplace, L.L.C.
Delaware 100% IREIT Frisco Marketplace Outlot, L.L.C. Delaware 100% IREIT
Harvest Square, L.L.C. Delaware 100% IREIT Hot Springs Fairgrounds, L.L.C.
Delaware 100% IREIT Jacksonville Richlands, L.L.C. Delaware 100% IREIT Kansas
City Burlington Creek, L.L.C. Delaware 100% IREIT Katy Green Tree, L.L.C.
Delaware 100% IREIT LaGrange Hamilton DG, L.L.C. Delaware 100% IREIT LaGrange
Wares Cross DG, L.L.C. Delaware 100% IREIT Lake St. Louis Hawk Ridge, L.L.C.
Delaware 100% IREIT Lawrence Iowa Street, L.L.C. Delaware 100% IREIT Layton
Pointe, L.L.C. Delaware 100% IREIT Little Rock Midtowne II, L.L.C. Delaware 100%
IREIT Little Rock Midtowne, L.L.C. Delaware 100% IREIT Little Rock Park Avenue,
L.L.C. Delaware 100% IREIT Louisville Dixie Valley, L.L.C. Delaware 100% IREIT
Lynchburg Lakeside, L.L.C. Delaware 100% IREIT Madisonville DG, L.L.C. Delaware
100% IREIT Mansfield Pointe, L.L.C. Delaware 100% IREIT Maryville DG, L.L.C.
Delaware 100% IREIT Milford Marketplace, L.L.C. Delaware 100%
Schedule 5.7-1
IREIT Mobile Moffett DG, L.L.C. Delaware 100% IREIT MS Mezz TRS, LLC Delaware
100% IREIT MS TRS, LLC Delaware 100% IREIT Nampa Treasure Valley, L.L.C.
Delaware 100% IREIT Neenah Fox Point, L.L.C. Delaware 100% IREIT Newington Fair,
L.L.C. Delaware 100% IREIT Newport DG, L.L.C. Delaware 100% IREIT Newport News
Tech Center, L.L.C. Delaware 100% IREIT North Myrtle Beach Coastal North, L.L.C.
Delaware 100% IREIT Ocean Isle Beach Landing, L.L.C. Delaware 100% IREIT Olive
Branch Wedgewood, L.L.C. Delaware 100% IREIT Papillion Market Pointe, L.L.C.
Delaware 100% IREIT Pittsburgh Settlers Ridge, L.L.C.