Document:

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                                                                   Exhibit 10.29

                    ASSIGNMENT OF PURCHASE AND SALE AGREEMENT

                       METRO ACQUISITIONS, LLC, AS SELLER

                                       AND
                             SERIES C, LLC, AS BUYER

      ASSIGNOR, for good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, does hereby assign all of its right, title and
interest in that certain Purchase and Sale Agreement ("Purchase Agreement")
described herein, to ASSIGNEE and its successors and assigns. The Purchase
Agreement is described as follows:

       DATE OF AGREEMENT: November 9, 2005

       ORIGINAL BUYER: Series C, LLC

       ASSIGNED TO:  Cole PT Auburn Hills MI, LLC

       PROPERTY ADDRESS: 2500 Executive Hills Drive, Auburn Hills,  MI 48326

      ASSIGNOR acknowledges that it is not released from any and all obligations
or liabilities under said Purchase Agreement with the exception of the earnest
money deposit which is currently in escrow.

      ASSIGNEE hereby agrees to assume and be responsible for all obligations
and liabilities under said Purchase Agreement. This Assignment shall be in full
force and effect upon its full execution.

      Executed this 14th day of December, 2005.

ASSIGNOR:                                        ASSIGNEE:

SERIES C, LLC                                    COLE PT AUBURN HILLS MI, LLC

                                                 By: Cole REIT Advisors II, LLC
By:  /S/  John M. Pons                               its Manager
    ---------------------------
     John M. Pons
     Authorized Officer

                                                   By: /S/  John M. Pons
                                                       -----------------------
                                                       John M. Pons
                                                       Senior Vice President
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                           PURCHASE AND SALE AGREEMENT

                       ARTICLE 1: PROPERTY/PURCHASE PRICE

    1.1. Certain Basic Terms.

(a) Purchaser and Notice Address:

Series C, LLC
2555 E. Camelback Road, Suite 400
Phoenix, Arizona 85016
Attention: Legal Department
Facsimile: (602) 778-8780

With a copy to:

Bennett Wheeler Lytle & Cartwright, PLC
3838 N. Central Avenue, Suite 1120
Phoenix, Arizona 85012
Attention: Kevin T. Lytle, Esq.
Facsimile: (602) 266-9119

(b) Seller and Notice Address:

Metro Acquisitions, LLC
c/o Lauth Group, Inc.
401 Pennsylvania Parkway
Indianapolis, Indiana  46280

Attention:  Mark R. Susemichel
Facsimile: (317) 564-3053

With a copy to:

Wooden & McLaughlin, LLP
One Indiana Square, Suite 1800
Indianapolis, Indiana 46204
Attn: E. Joseph Kremp
Facsimile: (317) 639-6444

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(c) Title Company and Escrow Agent:

Chicago Title Insurance Company, National Business Unit
330 Grant Street Suite 920
Pittsburgh, Pennsylvania 15219
Attn:  Ms. Karen Greene
Facsimile: (412) 281-5611

(d) Effective Date:                 The latest date of execution by the Seller
                                   and the Purchaser, as shown on the signature
                                   page hereto.

(e) Purchase Price:                 Twenty-Three Million Six Hundred Thousand
                                   and no/100 Dollars ($23, 600,000.00).

(f) Earnest Money:                  Two Hundred Fifty Thousand and no/100
                                   Dollars ($250,000.00) in immediately
                                   available funds shall be deposited by
                                   Purchaser not later than three business days
                                   after the Effective Date (the "Initial
                                   Earnest Money Deposit"). Purchaser shall make
                                   an additional deposit of Five Hundred
                                   Thousand and no/100 Dollars ($500,000.00) in
                                   immediately available funds prior to the
                                   expiration of the Due Diligence Period
                                   described in Paragraph 1.1(g) (the "Second
                                   Earnest Money Deposit") (the Initial Earnest
                                   Money Deposit and the Second Earnest Money
                                   Deposit, together with all interest earned or
                                   accrued thereon, being sometimes referred to
                                   hereinafter collectively as the "Earnest
                                   Money"). Upon the expiration of the due
                                   Diligence Period, all of the Earnest Money
                                   shall be nonrefundable, except for a
                                   termination by Seller under Paragraph 10.16
                                   or by Purchaser under Paragraph 8.2, and
                                   applicable to the Purchase Price.

(g) Due Diligence Period:           The period ending 5 p.m. MST on November
                                   23, 2005.

      1.2. Property. Subject to the terms of this Agreement, Seller agrees to
sell to Series C, LLC, and its permitted successors or assigns ("Purchaser"),
and Purchaser agrees to purchase from Seller, the property depicted in Exhibit
"A" and described in Exhibit "B" each attached hereto and by reference made a
part hereof, all rights, privileges and easements appurtenant and all other
property rights, together with all buildings, structures and other improvements
located, constructed and installed thereupon, any contract, warranty, permit or
lease rights (including, without limitation, Seller's interest in and to the
Lease and Lease Guaranty, as defined below in this Paragraph 1.2), easements or
utility contracts, all of Seller's interest, if any, in any

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equipment, machinery and personal property locate on or used in connection with
the real property, or other rights relating to the ownership of the real
property (collectively, the "Property"). LDM Technologies, Inc., a Michigan
corporation ("LDM") and Seller have entered into a certain lease of the Property
dated August 15, 2005, a true and accurate copy of which is attached hereto as
Exhibit "C" and by reference made a part hereof (the "Lease") which Lease is
guaranteed by Plastech Engineered Products, Inc. (the "Lessee Guarantor")
pursuant to a certain Lease Guaranty dated August 15, 2005 (the "Lease
Guaranty"). Seller agrees to assign to Purchaser, and Purchaser agrees to assume
at Closing, the rights and obligations of Seller under the Lease.

      1.3. Earnest Money. The Earnest Money shall be deposited with the Escrow
Agent. In the event that Purchaser fails to timely deposit any portion of the
Earnest Money, this Agreement may be terminated by Seller. The Earnest Money
shall be held and disbursed pursuant to Article 9 of this Agreement.

                   ARTICLE 2: INSPECTIONS AND TITLE INSURANCE

      2.1. Property Information. Seller has made available to Purchaser the
following: (a) a Phase I environmental site assessment of the Property prepared
by Professional Services Industries, Inc. (the "Phase I"); and (b) a Property
Condition Assessment prepared by Professional Services Industries, Inc. (the
"Property Condition Assessment") (the Phase I and Property Condition Assessment
together with the Survey, and Title Insurance Commitment described in Paragraph
2.6 being sometimes hereinafter referred to individually as a "Third Party
Report" and collectively as the "Third Party Reports"). Seller makes no
representation or warranty regarding the accuracy or completeness of the Third
Party Reports. Seller agrees to furnish Purchaser all such additional
information relating to the condition of the Property that Seller possesses and
Purchaser may reasonably request during the Due Diligence Period.

      2.2. Inspections in General. During the Due Diligence Period, Purchaser,
its agents, and employees shall have the right to enter upon the Property,
subject to the rights of LDM in the Property, for the purpose of making
non-invasive inspections at Purchaser's sole risk, cost and expense. At Seller's
request, Purchaser shall provide Seller with a copy of the results of any tests,
inspections, title reports and surveys made or obtained by Purchaser to the
extent that the provision of such results is not prohibited by the party that
conducted the test, inspection and/or study that yielded such results. If any
inspection or test disturbs the Property, Purchaser will restore the Property to
the same condition as existed before the inspection or test. Purchaser shall
defend, indemnify Seller and LDM and hold Seller and LDM, Seller's members and
managers, LDM's officers, directors, and the agents, contractors and employees
of all of them and the Property harmless from and against any and all losses,
costs, damages, claims, or liabilities, including but not limited to, Seller's
and LDM's attorneys' fees, due to the negligence of Purchaser, its employees or
any of its agents during the inspection of the Property or with respect to any
mechanic's and materialmen's liens asserted by persons hired by Purchaser to
conduct such inspections. Notwithstanding the foregoing, Purchaser shall have no
responsibility or liability with respect to activities of the inspectors hired
to perform the Phase I, the Property Condition Assessment or any other
inspection, report or activity conducted by parties hired by or

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on behalf of Seller. The provisions of this paragraph shall survive the Closing
or the earlier termination of this Agreement.

      2.3. Environmental Inspections and Release. The inspections under
Paragraph 2.2 may include a non-invasive environmental inspection of the
Property. At Seller's request, Purchaser shall deliver to Seller copies of any
environmental report obtained by Purchaser to the extent that the provision of
such results is not prohibited by the party that conducted the test, inspection
and/or study that yielded such results. Except as explicitly provided herein,
Seller, for itself and any Seller's Affiliates (hereafter defined) makes no
representation or warranty with respect to the environmental condition of the
Property or any compliance or non-compliance of the Property in connection with
the Comprehensive Environmental Response, Compensation, and Liability Act of
1980, the Superfund Amendments and Reauthorization Act of 1986, the Resource
Conservation and Recovery Act, and the Toxic Substance Control Act, all as
amended, or any other cause of action based on any other state, local, or
federal environmental law, rule or regulation (the "Environmental Statutes").
"Seller's Affiliates" means (a) any entity that directly or indirectly controls,
is controlled by or is under common control with the Seller, or (b) any entity
at least a majority of whose economic interest is owned by Seller; and the term
"control" means the power to direct the management of such entity through voting
rights, ownership or contractual obligations.

      2.4. Termination During Due Diligence Period. Unless Purchaser so notifies
Seller, in writing, on or before the end of the Due Diligence Period, of
Purchaser's determination that the Property is acceptable for Purchaser's
purposes and Purchaser's waiver of the conditions set forth is this Article 2,
this Agreement shall be canceled and all Earnest Money shall be returned
immediately to Purchaser and, except as otherwise provided in this Agreement,
neither of the Parties shall have any further liability or obligation under this
Agreement.

      2.5. Confidentiality. All information, other than matters of public record
or matters generally known to the public, furnished to, or obtained through
inspection of the Property by, Purchaser, its affiliates, lenders, employees,
attorneys, accountants and other professionals or agents relating to the
Property, will be treated by Purchaser, its affiliates, lenders, employees and
agents as confidential, and will not be disclosed to anyone other than on a
need-to-know basis and to Purchaser's consultants who agree to maintain the
confidentiality of such information, and will be returned to Seller by Purchaser
if the Closing does not occur. The confidentiality provisions of this Paragraph
2.5 shall not apply to any disclosures made by Purchaser as required by law, by
court order, or in connection with any subpoena served upon Purchaser, provided
Purchaser shall provide Seller with written notice before making any such
disclosure, or to any information obtained by Purchaser that is generally
available to the public or of which Purchaser became aware prior to the
execution of this Agreement.

      2.6. Title Insurance Commitment and Survey. Seller has delivered to
Purchaser a title insurance commitment for an ALTA policy for the full amount of
the Purchase Price prepared by Chicago Title Insurance Company (the "Title
Insurance Commitment") and an ALTA survey of the Property prepared by Conestoga
Rovers (the "Survey"). If the Title Insurance Commitment or Survey disclose
exceptions or other matters that render the title unmarketable or that Purchaser
determines to be objectionable, Purchaser shall have the right prior to the
expiration of

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the Due Diligence Period, to terminate this Agreement by written notice to
Seller whereupon the Earnest Money shall be promptly returned to Purchaser, or
to accept title subject to such exceptions. A failure to provide such written
notice during the Due Diligence Period shall be conclusive evidence of
Purchaser's willingness to accept title subject to such exceptions.
Notwithstanding the foregoing, in no event shall Purchaser be obligated to take
title to the Property subject to any monetary liens or mortgages unless such
monetary lien or mortgage is caused by Purchaser.

      2.7. Purchaser's Reliance on its Investigations. To the maximum extent
permitted by applicable law and except for Seller's representations and
warranties in Paragraph 7.1 and any warranties of title contained in the Deed,
Assignment and Assumption of Lease delivered at the Closing ("Seller's
Warranties"), this sale is made and will be made without representation,
covenant, or warranty of any kind (whether express, implied, or, to the maximum
extent permitted by applicable law) by Seller. As a material part of the
consideration for this Agreement, Purchaser agrees to accept the Property on an
"as is" and "where is" basis, with all faults, and without any representation or
warranty, all of which Seller hereby disclaims, except for Seller's Warranties.
Except for Seller's Warranties, no warranty or representation is made by Seller
as to fitness for any particular purpose, merchantability, design, quality,
condition, operation or income, compliance with drawings or specifications,
absence of defects, absence of hazardous or toxic substances, absence of faults,
flooding, or compliance with laws and regulations including, without limitation,
those relating to health, safety, and the environment. Purchaser acknowledges
that Purchaser has entered into this Agreement with the intention of making and
relying upon its own investigation of the physical, environmental, economic use,
compliance, and legal condition of the Property and that, other than the
Seller's Warranties, Purchaser is not now relying, and will not later rely, upon
any representations and warranties made by Seller or anyone acting or claiming
to act, by, through or under or on Seller's behalf concerning the Property. The
provisions of this Paragraph 2.7 shall survive indefinitely any Closing or
termination of this Agreement and shall not be merged into the Closing
documents.

                         ARTICLE 3: SELLER'S CONDITIONS

      Intentionally deleted.

                            ARTICLE 4: RISK OF LOSS

This Agreement may be terminated by Purchaser who shall be entitled to a refund
of the Earnest Money in the event of a casualty or condemnation or taking under
threat of condemnation of any part of the Property that (i) results in a right
by LDM to pay reduced rent, (ii) otherwise requires the landlord under the Lease
to make any payments towards restoration of the Property, or (iii) would
reasonably be estimated to require more than $250,000 and/or ninety (90) days to
rebuild, repair or restore.

                               ARTICLE 5: CLOSING

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      5.1. Closing. The consummation of the transaction contemplated herein
("Closing") shall occur within ten (10) days after the expiration of the Due
Diligence Period (the actual date of Closing being hereinafter referred to as
the "Closing Date"). Purchaser shall have the one (1) time right to extend the
Closing Date by written notice to Seller for a period of ten (10) days, provided
that as a condition to such extension, Purchaser shall have increased the
Earnest Money deposited with Escrow Agent by an additional Three Hundred Fifty
Thousand and no/100 Dollars ($350,000.00), which amount shall be non-refundable,
except for a default by Seller, but applicable to the Purchase Price.

      5.2. Conditions to the Parties' Obligations to Close. The obligation of
Seller, on the one hand, and Purchaser, on the other hand, to consummate the
transaction contemplated hereunder is contingent upon the performance by the
other party of its obligations hereunder and all deliveries to be made at
Closing shall have been tendered. Additionally, it shall be a condition to
Purchaser's obligation to consummate the transaction contemplated hereunder that
from the Effective Date hereof until Closing (i) the Property shall have been
operated and maintained in a manner generally consistent with the manner in
which Tenant has operated and maintained the Property prior to the date hereof,
(ii) Seller shall have performed in all material respects, its obligations under
the Lease, (iii) the Lease shall not have been amended or modified and Seller
shall not have waived any material rights under the Lease, and (iv) Tenant shall
have maintained the existing or comparable insurance coverage, if any, for all
buildings and structures located on the Property which Tenant is obligated to
maintain under the Lease.

      If any condition to Closing hereunder has not been satisfied, the party
for whose benefit the condition exists may elect to close, notwithstanding the
nonsatisfaction of such condition and there shall be no liability on the part of
the other party for nonsatisfaction of such condition or for breaches of
representations and warranties of which the party electing to close had
knowledge as of the Closing. If a party is in default hereunder, the other party
shall have the rights described in Article 8.

      5.3. Seller's Deliveries. (a) On or before the Closing Date, Seller shall
deliver in escrow to Escrow Agent the following:

            (i)   Deed. A special or limited warranty deed conveying Seller's
                  interest in the Property substantially in the form attached
                  hereto as Exhibit "D" (the "Deed");

            (ii)  Assignment and Assumption of Lease and Guaranty. An executed
                  counterpart of an Assignment and Assumption of the Lease and
                  Guaranty substantially in the form attached hereto as Exhibit
                  "E" (the "Assignment and Assumption of Lease"). The Assignment
                  and Assumption of Lease shall include an indemnity by Seller
                  of all liabilities and obligations under the Lease arising on
                  or prior to closing and an indemnity by Purchaser of all
                  liabilities and obligations under the Lease arising after to
                  closing;

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            (iii) Quitclaim Bill of Sale. An executed counterpart of a Quitclaim
                  Bill of Sale substantially in the form attached hereto as
                  Exhibit "F" (the "Bill of Sale");

            (iv)  Assignment of Contracts. An executed counterpart of an
                  Assignment Agreement substantially in the form attached hereto
                  as Exhibit "G," whereby Seller conveys all its interest in and
                  to any contracts, warranties and/or permits related to the
                  Property (the "Assignment Agreement");

            (v)   State Law Disclosures. Such disclosures and reports as are
                  required by applicable state law in connection with the
                  conveyance of real property;

            (vi)  FIRPTA. A Foreign Investment in Real Property Tax Act
                  affidavit executed by Seller;

            (vii) Estoppel Certificates. (i) An estoppel certificate executed by
                  LDM ("LDM Estoppel Certificate") certifying substantially as
                  follows: that the Lease is unmodified and in full force and
                  effect (or if there has been modification thereof, that the
                  same is in full force and effect as modified and stating the
                  nature thereof); that to the best of its knowledge there are
                  no uncured defaults on the part of the landlord under the
                  Lease (or if any such default exists, the specific nature and
                  extent thereof); the date to which any rents and other charges
                  have been paid in advance, if any; and (ii) an estoppel
                  certificate executed by Lessee Guarantor ("Lessee Guarantor
                  Estoppel Certificate") certifying substantially as follows:
                  that the Lease Guaranty is unmodified and in full force and
                  effect (or if there has been modification thereof, that the
                  same is in full force and effect as modified and stating the
                  nature thereof);

            (viii) Recertification of Representations and Warranties. A
                  certificate effective as of the date of closing stating that
                  all Seller's Warranties made in this Agreement remain
                  effective as of the Closing Date, except for changes in the
                  ordinary course of business since the date of this Agreement
                  or as otherwise permitted by the terms of this Agreement;

            (ix)  SNDA. A reasonable and customary subordination, nondisturbance
                  and attornment agreement executed by LDM and Lessee Guarantor
                  in the form agreed to by LDM, Lessee Guarantor and Purchaser's
                  lender;

            (x)   Owner's Affidavit. An executed affidavit of Seller and such
                  other documentation as may be reasonably required by Escrow
                  Agent to allow for the deletion of the mechanics' lien
                  exception from the Owner's Policy, as defined in Paragraph
                  5.4(b) below;

            (xi)  Holdback Agreement. An executed escrow holdback agreement
                  delivered to Escrow Agent in form and substance reasonably
                  acceptable to Seller and to Purchaser, whereby Escrow Agent
                  shall hold funds of Seller in an

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                  amount equal to the insurance premium for the Owner's Policy
                  until such Owner's Policy has been issued in form and
                  substance reasonably acceptable to Buyer; and

            (xii) Additional Documents. Any additional documents that Escrow
                  Agent or the Title Company may reasonably require for the
                  proper consummation of the transaction contemplated by this
                  Agreement.

      (b) On or before the Closing Date, Seller shall deliver to Purchaser the
following:

            (i)   Owner's Policy. A written commitment for an ALTA extended
                  coverage title insurance policy (the "Owner's Policy") on the
                  Property or a pro forma policy with respect thereto subject
                  only to those matters approved or deemed approved by Purchaser
                  pursuant to this Agreement;

            (ii)  Security Deposits. All security deposits and pre-paid/abated
                  rents under the Lease, if any, in the form of a credit in
                  favor of Purchaser against the Purchase Price;

            (iii) Waiver of Right of First Refusal. An executed waiver by LDM of
                  any right of first refusal under the Lease;

            (iv)  Certificate of Occupancy. The final Certificate of Occupancy
                  for the buildings and improvements located on the Property or
                  a copy thereof;

            (v)   Notice to Tenant. A letter from Seller to LDM requesting that
                  future rent under the Lease be paid to Purchaser; and

            (vi)  SEC Information. The SEC Filing Information, as defined in
                  Paragraph 10.17, and the SEC Filings Letter signed be Tenant,
                  as defined in Paragraph 10.17, not less than five (5) days
                  prior to Closing; in the event Seller is unable to cause
                  Tenant to sign the SEC Filings Letter not less than five (5)
                  days prior to Closing, Purchaser shall not be obligated to
                  consummate the transaction contemplated by this Agreement; and

            (vii) Contracts, Warranties, Etc. Originals of the Lease, any
                  contracts and permits related to the Property in the
                  possession or control of Seller or Seller's agents, and any
                  correspondence with respect thereto, together with such
                  non-proprietary leasing and property manuals, files and
                  records which are material in connection with the continued
                  operation, leasing and maintenance of the Property.

      5.4. Purchaser's Deliveries in Escrow. On or before the Closing Date,
Purchaser shall deliver in escrow to the Escrow Agent the following:

      (a)   Purchase Price. The Purchase Price, minus the Earnest Money and plus
            or minus applicable prorations, deposited by Purchaser with the
            Escrow Agent in

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            immediate, same-day federal funds wired for credit into the Escrow
            Agent's escrow account at a bank satisfactory to Seller no later
            than 1:00 P.M. Indianapolis time on the day of Closing.

      (b)   Assignment and Assumption of Lease. An executed counterpart of an
            Assignment and Assumption of the Lease.

      (c)   State Law Disclosures. Such disclosures and reports as are required
            by applicable state law in connection with the conveyance of real
            property.

      (d)   Additional Documents. Any additional documents that Escrow Agent or
            the Title Company may reasonably require for the proper consummation
            of the transaction contemplated by this Agreement.

      5.5. Closing Statements. At the Closing, Seller and Purchaser shall
deposit with the Escrow Agent executed closing statements consistent with this
Agreement in the form required by the Escrow Agent.

      5.6. Costs. At Closing each party shall pay its portion of the following
costs as indicated below:

            (a)   Survey, Phase I and Property Inspection Report - Seller shall
                  bear all costs with respect to what has been provided pursuant
                  to Paragraph 2.1

            (b)   Owner's Policy - Seller (provided that Purchaser shall pay the
                  cost of any endorsements thereto requested by Purchaser and
                  Seller shall pay the cost of any endorsements Seller agrees to
                  obtain to cure a title matter deemed objectionable to
                  Purchaser pursuant to Paragraph 2.6)

            (c)   Recording charges - Purchaser

            (d)   Transfer taxes - Seller

            (e)   Other - the Escrow Agent's escrow fee including any escrow
                  cancellation fee or other fees due upon a termination of this
                  Agreement shall be evenly divided between the parties. Each
                  party shall pay its own attorneys' fees.

                             ARTICLE 6: PRORATIONS

      6.1. Prorations and Credits. Purchaser agrees to pay all real estate taxes
and assessments payable after the Closing Date.

      6.2. Sale Commissions. Seller and Purchaser represent and warrant each to
the other that they have not dealt with any real estate broker, sales person or
finder in connection with this transaction other than BT Commercial ("Broker").
If this transaction is closed, Seller shall pay Broker's commission, as provided
under separate agreement. Except as expressly set forth above, if any claim is
made for broker's or finder's fees or commissions in connection with the
negotiation, execution or consummation of this Agreement or the transactions
contemplated

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hereby, each party shall defend, indemnify and hold harmless the other party
from and against any such claim based upon any statement, representation or
agreement of such party.

              ARTICLE 7: PURCHASER'S REPRESENTATIONS AND WARRANTIES

      7.1. Seller's Representations and Warranties. As a material inducement to
Purchaser to execute this Agreement and consummate this transaction, Seller
represents and warrants to Purchaser that:

      (a)   Organization and Authority. Seller has been duly organized and is
            validly existing as an Indiana limited liability company. Seller has
            the contractual right to acquire the Property and has the full right
            and authority and has obtained any and all consents required to
            enter into this Agreement and to consummate or cause to be
            consummated the transactions contemplated hereby. This Agreement has
            been, and any document delivered by Seller at the Closing will be,
            authorized and properly executed and constitutes, or will
            constitute, as appropriate, the valid and binding obligation of
            Seller, enforceable in accordance with its terms.

      (b)   Conflicts and Pending Action. Other than the Lease, there is no
            agreement to which Seller is a party or to Seller's knowledge
            binding on Seller which would bind the Property prior to Closing.
            There is no action or proceeding pending or, to Seller's knowledge,
            threatened against the Property, including condemnation proceedings,
            or against the Seller.

      (c)   Lease. The Lease sets forth the entire agreement between Seller and
            LDM with respect to the lease of the Property, and as of Closing
            shall be in full force and effect in accordance with its terms, and
            will not have been amended, modified, extended, supplemented or
            assigned without Purchaser's prior consent. As of Closing, there
            will exist no default by LDM or Seller under the Lease.

      (d)   Laws. To Seller's knowledge, without duty of investigation or
            inquiry, neither the Property nor its use by LDM is in violation of
            any local governmental rule, ordinance, regulation or building code,
            nor is there a pending or threatened investigation regarding a
            possible violation of any of the foregoing.

      (e)   Due Diligence Materials. Seller represents that Seller has not
            intentionally withheld from Purchaser any information regarding the
            Property or the Lease (including relevant information regarding LDM
            and Lessee Guarantor) in its possession and has not intentionally
            failed to deliver or disclose any material fact of which it has
            knowledge regarding the condition of the Property or the Lease.

      (f)   No Unrecorded Title Defects. To Seller's knowledge, there are no
            unrecorded leases (other than the Lease), liens or encumbrances
            which may affect title to the Property.

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      (g)   No Action to Change Zoning or Permitted Uses. Seller has not and
            will not, without the prior written consent of Purchaser, take any
            action before any governmental authority having jurisdiction
            thereover, the object of which would be to change the present zoning
            of or other land-use limitations, upon the Property, or any portion
            thereof, or its potential use, and, to Seller's knowledge after due
            inquiry, there are no pending proceedings, the object of which would
            be to change the present zoning or other land-use limitations.

      (h)   Payment of Property Expenses. Except for any item to be prorated at
            Closing in accordance with this Agreement, all bills or other
            charges, costs or expenses arising out of or in connection with or
            resulting from Seller's use, ownership, or operation of the Property
            up to Closing shall be paid in full by Seller.

      (i)   Payment of Taxes. All general real estate taxes, assessments and
            personal property taxes that have become due with respect to the
            Property (except for those that will be prorated at Closing) have
            been paid or will be so paid by Seller prior to Closing.

      (j)   Environmental. Except as disclosed in the Third Party Reports,
            Seller has no actual knowledge that there exists or has existed, and
            Seller itself has not caused any generation, production, location,
            transportation, storage, treatment, discharge, disposal, release or
            threatened release upon, under or about the Property of any
            Hazardous Materials. "Hazardous Materials" shall mean any
            flammables, explosives, radioactive materials, hazardous wastes,
            hazardous and toxic substances or related materials, asbestos or any
            material containing asbestos (including, without limitation, vinyl
            asbestos tile), or any other substance or material, defined as a
            "hazardous substance" by any federal, state, or local environmental
            law, ordinance, rule or regulation including, without limitation,
            the Federal Comprehensive Environmental Response Compensation and
            Liability Act of 1980, as amended, the Federal Hazardous Materials
            Transportation Act, as amended, the Federal Resource Conservation
            and Recovery Act, as amended, and the rules and regulations adopted
            and promulgated pursuant to each of the foregoing.

            Except as disclosed in the Third Party Reports, to Seller's actual
            knowledge, there is not now, nor has there ever been, on or in the
            Property underground storage tanks, any asbestos-containing
            materials or any polychlorinated biphenyls, including those used in
            hydraulic oils, electric transformers, or other equipment. Seller
            hereby assigns to Purchaser, effective as of Closing, all claims,
            counterclaims, defenses, or actions, whether at common law, or
            pursuant to any other applicable federal or state or other laws
            which Seller may have against any third parties relating to the
            existence of any Hazardous Materials in, at, on, under or about the
            Property (including Hazardous Materials released on the Property
            prior to COE and continuing in existence on the Property at COE).

      (l)   No Increased Assessed Valuation. To Seller's knowledge, there are no
            proceedings pending for the increase of the assessed valuation of
            the Property.

                                       11
<PAGE>

      (m)   Duty to Supplement. Should Seller receive notice or knowledge of any
            information regarding any of the matters set forth in this Article 7
            after the Effective Date and prior to Closing, Seller will
            immediately notify Purchaser of the same in writing.

      (n)   Survival. All representations made in this Agreement by Seller shall
            survive the execution and delivery of this Agreement and Closing.
            Seller shall and does hereby indemnify against and hold Purchaser
            harmless from any loss, damage, liability and expense, together with
            all court costs and attorneys' fees which Buyer may incur, by reason
            of any material misrepresentation by Seller or any material breach
            of any of Seller's warranties. Seller's indemnity and hold harmless
            obligations shall survive Closing for a period of twelve months.

      7.2. Purchaser's Representations and Warranties. As a material inducement
to Seller to execute this Agreement and consummate this transaction, Purchaser
represents and warrants to Seller that:

      (a)   Organization and Authority. Purchaser has been duly organized and
            validly exists. Purchaser has the full right and authority and has
            obtained any and all consents required to enter into this Agreement
            and to consummate or cause to be consummated the transactions
            contemplated hereby. This Agreement has been, and all of the
            documents to be delivered by Purchaser at the Closing will be,
            authorized and properly executed and constitutes, or will
            constitute, as appropriate, the valid and binding obligation of
            Purchaser, enforceable in accordance with their terms.

      (b)   Conflicts and Pending Action. There is no agreement to which
            Purchaser is a party or to Purchaser's knowledge binding on
            Purchaser which is in conflict with this Agreement. There is no
            action or proceeding pending or, to Purchaser's knowledge,
            threatened against Purchaser which challenges or impairs Purchaser's
            ability to execute or perform its obligations under this Agreement.

      (c)   Survival. All representations made in this Agreement by Purchaser
            shall survive the execution and delivery of this Agreement and
            Closing. Purchaser shall and does hereby indemnify against and hold
            Seller harmless from any loss, damage, liability and expense,
            together with all court costs and attorneys' fees, if awarded by a
            court of law, which Seller may incur, by reason of any material
            misrepresentation by Purchaser or any material breach of any of
            Purchaser's warranties. Purchaser's indemnity and hold harmless
            obligations shall survive Closing for a period of twelve months.

                         ARTICLE 8: DEFAULT AND DAMAGES

                                       12
<PAGE>

      8.1. Default by Purchaser. If Purchaser shall default in its obligation to
close hereunder, Purchaser agrees that Seller shall have the right to have the
Escrow Agent deliver the Earnest Money to Seller as liquidated damages and as
its sole and exclusive remedy.

      8.2. Default by Seller. If Seller defaults in its obligation to sell and
convey, or cause to be conveyed, the Property to Purchaser pursuant to this
Agreement, Purchaser's sole remedy shall be to elect one of the following: (a)
to terminate this Agreement, in which event Purchaser shall be entitled to the
return of the Earnest Money, or (b) to bring a suit for specific performance
provided that any suit for specific performance must be brought within thirty
(30) days of Seller's default, Purchaser waiving the right to bring suit at any
later date. Purchaser agrees not to file a lis pendens or other similar notice
against the Property except in connection with, and after, the proper filing of
a suit for specific performance. Notwithstanding the foregoing, if specific
performance is unavailable as a remedy to Purchaser because of Seller's
affirmative acts, Buyer shall be entitled to the return of the Earnest Money and
shall further be entitled to out of pocket expenses actually incurred by
Purchaser in connection with its review of the Property, such expenses not to
exceed Seventy-Five Thousand and no/100 Dollars ($75,000.00).

                      ARTICLE 9: EARNEST MONEY PROVISIONS

Upon a termination of this Agreement, either party to this Agreement shall give
written notice to the other party of such termination and the reason for such
termination. Such request shall also constitute a request for the release of the
Earnest Money to the party entitled to the Earnest Money.

                           ARTICLE 10: MISCELLANEOUS

      10.1. Parties Bound. Neither party may assign this Agreement without the
prior written consent of the other, and any such prohibited assignment shall be
void, except that either party may assign all or any parts of its rights
hereunder to any subsidiary or affiliate of such party, provided that no such
assignment shall relieve the assigning party of its obligations hereunder.
Subject to the foregoing, this Agreement shall be binding upon and inure to the
benefit of the respective legal representatives, successors, assigns, heirs, and
devisees of the parties. Notwithstanding anything in this Agreement to the
contrary, Seller, without Purchaser's prior consent, shall be entitled, but not
required, to cause the Property to be conveyed to Purchaser by way of direct
Deed from LDM (the "Direct Deed")(both Seller's and Purchaser's permitted
assignment, an "Approved Assignment"). In no event shall any such Approved
Assignment release the original parties hereto of their respective obligations
and liabilities under this Agreement. Each party agrees to act reasonably to
facilitate the other party's Approved Assignment.

      10.2. Confidentiality. Purchaser shall make no public announcement of the
Purchase Price of this Agreement or any information obtained from Seller, to
outside brokers or third parties with respect to the Property if Purchaser does
not purchase the Property. Purchaser shall not record this Agreement or any
memorandum of this Agreement.

                                       13
<PAGE>

      10.3. Headings. The article and paragraph headings of this Agreement are
for convenience only and in no way limit or enlarge the scope or meaning of the
language hereof.

      10.4. Invalidity and Waiver. If any portion of this Agreement is held
invalid or inoperative, then so far as is reasonable and possible the remainder
of this Agreement shall be deemed valid and operative, and effect shall be given
to the intent manifested by the portion held invalid or inoperative. The failure
by either party to enforce against the other any term or provision of this
Agreement shall not be deemed to be a waiver of such party's right to enforce
against the other party the same or any other such term or provision in the
future.

      10.5. Governing Law and Venue. This Agreement shall, in all respects, be
governed, construed, applied, and enforced in accordance with the law of the
state where the Property is located.

      10.6. Survival. Unless otherwise expressly stated in this Agreement, each
of the covenants, obligations, representations, and agreements contained in this
Agreement shall survive the Closing and the execution and delivery of the Deed
required hereunder only for a period of 12 months immediately following the
Closing Date; provided, however the indemnification provisions of Paragraphs 2.3
and 6.2 and the provisions of Paragraphs 2.2, 2.4. 6.2, 7.1, 7.2 and 10.2 shall
survive the termination of this Agreement or the Closing, whichever occurs, and
shall not be merged, until the applicable statute of limitations with respect to
any claim, cause of action, suit or other action relating thereto shall have
fully and finally expired. Any claim brought after Closing based upon a
misrepresentation or a breach of a warranty contained in this Agreement shall be
actionable or enforceable if and only if notice of such claim is given to the
party which allegedly made such misrepresentation or breached such covenant,
obligation, warranty or agreement within 12 months after the Closing Date.

      10.7. No Third Party Beneficiary. This Agreement is not intended to give
or confer any benefits, rights, privileges, claims, actions, or remedies to any
person or entity as a third party beneficiary or otherwise other than pursuant
to an Approved Assignment.

      10.8. Entirety and Amendments. This Agreement embodies the entire
agreement between the parties and supersedes all prior agreements and
understandings relating to the Property except for any confidentiality agreement
binding on Purchaser, which shall not be superseded by this Agreement. This
Agreement may be amended or supplemented only by an instrument in writing
executed by the party against whom enforcement is sought.

      10.9. Time. Time is of the essence in the performance of this Agreement.

      10.10. Attorneys' Fees. Should either party employ attorneys to enforce
any of the provisions hereof, the party against whom any final judgment is
entered agrees to pay the prevailing party all reasonable costs, charges, and
expenses, including attorneys' fees, awarded by the court entering such final
judgment.

      10.11. Notices. All notices required or permitted hereunder shall be in
writing and shall be served on the parties at the addresses set forth in
Paragraph 1.1. Any such notices shall be

                                       14
<PAGE>

either (a) sent by overnight delivery using a nationally recognized overnight
courier, in which case notice shall be deemed delivered one business day after
deposit with such courier, (b) sent by facsimile, with written confirmation by
overnight or first class mail, in which case notice shall be deemed delivered
upon receipt of confirmation transmission of such facsimile notice, or (c) sent
by personal delivery, in which case notice shall be deemed delivered upon
receipt. Any notice sent by facsimile or personal delivery and delivered after
5:00 p.m. MST shall be deemed received on the next business day. A party's
address may be changed by written notice to the other party; provided, however,
that no notice of a change of address shall be effective until actual receipt of
such notice. Copies of notices are for informational purposes only, and a
failure to give or receive copies of any notice shall not be deemed a failure to
give notice.

      10.12. Construction. The parties acknowledge that the parties and their
counsel have reviewed and revised this Agreement and that the normal rule of
construction to the effect that any ambiguities are to be resolved against the
drafting party shall not be employed in the interpretation of this Agreement or
any exhibits or amendments hereto.

      10.13. Calculation of Time Periods. Unless otherwise specified, in
computing any period of time described herein, the day of the act or event after
which the designated period of time begins to run is not to be included and the
last day of the period so computed is to be included, unless such last day is a
Saturday, Sunday or legal holiday for national banks in the location where the
Property is located, in which event the period shall run until the end of the
next day which is neither a Saturday, Sunday, or legal holiday. The last day of
any period of time described herein shall be deemed to end at 5:00 p.m. MST.

      10.14. Execution in Counterparts. This Agreement may be executed in any
number of counterparts, each of which shall be deemed to be an original, and all
of such counterparts shall constitute one Agreement. To facilitate execution of
this Agreement, the parties may execute and exchange by telephone facsimile
counterparts of the signature pages. This Agreement if transmitted by
telecopy/fax machine shall be treated in all manner and respects as an original
document, and the signature of any party thereon shall be considered as an
original signature. Any such telecopy/fax document shall be considered to have
the same binding legal effect as an original of such document. At the request of
either party thereto, a telecopy/fax document shall be re-executed by both
parties in the original form thereof.

      10.15. Tax Deferred Exchange. Each party hereby acknowledges that it may
be the intention of the other party to complete an Internal Revenue Code Section
1031 Tax Deferred Exchange under this Agreement. Each party agrees to cooperate
with the other in any reasonable manner necessary to complete said exchange at
no additional cost or liability to the other party. The exchanging party may
assign this Agreement to an exchange intermediary to effect the tax deferred
exchange provided that such exchange does not delay Closing and such exchanging
party remains liable for the obligations of this Agreement.

      10.16. Title Contingency. Notwithstanding anything in this Agreement to
the contrary, Seller's obligations under this Agreement are subject to Seller
acquiring fee simple title to the Property from LDM, subject to such liens,
encumbrances and matters that Seller deems acceptable or appropriate. In the
event Seller elects pursuant to Paragraph 10.1 to cause the

                                       15
<PAGE>

direct conveyance of the Property from LDM to Purchaser, Seller's obligations
under this Agreement shall be subject to Seller obtaining the Direct Deed from
LDM in favor of Purchaser.

      10.17. SEC S-X 3-14 Audit. Seller acknowledges that Purchaser may elect to
assign all of its right, title and interest in and to this Agreement to a
company that is subject to the reporting requirements of the Securities Exchange
Act of 1934, as amended (a "Registered Company"), promoted by the Purchaser or
to an affiliate of a Registered Company (a "Registered Company Affiliate"). In
the event Purchaser's assignee under this Agreement is a Registered Company or a
Registered Company Affiliate, the Registered Company will be required to make
certain filings with the U.S. Securities and Exchange Commission required under
SEC Rule 3-14 of Regulation S-X (the "SEC Filings") that relate to the most
recent pre-acquisition fiscal year (the "Audited Year") for the Property. To
assist the Registered Company with the preparation of the SEC Filings, Seller
agrees that it shall be a condition to Purchaser's obligation to close pursuant
to this Agreement, that Seller cause Tenant to provide Purchaser and the
Registered Company with financial information regarding the Property for the
Audited Year requested by Purchaser, the Registered Company, and/or Purchaser's
or the Registered Company's auditors. Such information may include, but is not
limited to, bank statements, operating statements, general ledgers, cash
receipts schedules, invoices for expenses and capital improvements, insurance
documentation, and accounts receivable aging related to the Property (the "SEC
Filing Information"). The SEC Filing Information requested by Purchaser, the
Registered Company and/or Purchaser's or the Registered Company's auditors must
be delivered prior to the expiration of the Due Diligence Period, and Seller
agrees to cooperate with Purchaser, the Registered Company and Purchaser's or
the Registered Company's auditors regarding any inquiries by Purchaser, the
Registered Company and Purchaser's or the Registered Company's auditors
following receipt of such information, including causing the delivery by Tenant
of an executed representation letter prior to Closing in form and substance
requested by Purchaser's or the Registered Company's auditors (the "SEC Filings
Letter"). A sample SEC Filings Letter is attached to the Purchase Agreement as
Exhibit "H"; however, Purchaser's and/or the Registered Company's auditors may
require additions and/or revisions to such letter following review of the SEC
Filing Information provided by or through Seller. Seller shall cause Tenant to
consent to the disclosure of the SEC Filing Information in any SEC Filings by
the Registered Company. Purchaser shall reimburse Seller for Seller's reasonable
costs associated with providing or causing to be provided the SEC Filing
Information. The provisions of this Paragraph 10.17 shall survive the Closing
for a period of one (1) year.

                         [SIGNATURES ON FOLLOWING PAGE]

                                       16
<PAGE>

      IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the
day and year written below.

                                        METRO ACQUISITIONS, LLC,
                                        an Indiana limited liability company

Date:  11/9/2005                        By: /S/  Gregory C. Gurnik
                                            ----------------------------------
                                              Gregory C. Gurnik, a Manager

                                                                        "Seller"

                                        SERIES C, LLC, an Arizona limited
                                        liability company

Date:  11/8/2005                        By: /S/  John M. Pons
                                            ---------------------------------
                                        Name: John M. Pons
                                        Title:  Authorized Officer

                                                                     "Purchaser"

                                       17<PAGE>

                                                                   EXHIBIT 10.30

                                 PROMISSORY NOTE

$17,700,000.00                                Effective as of December 15, 2005

COLE PT AUBURN HILLS MI, LLC
2555 East Camelback Road, Suite 400
Phoenix, Arizona 85016
(Individually and collectively "BORROWER")

WACHOVIA FINANCIAL SERVICES, INC.
100 South Ashley Drive, Suite 950
Tampa, Florida 33602
(Hereinafter referred to as "BANK")

Borrower promises to pay to the order of Bank, in lawful money of the United
States of America, at its office indicated above or wherever else Bank may
specify, the sum of Seventeen Million Seven Hundred Thousand Dollars
($17,700,000.00), or as much as such sum as may be advanced and outstanding from
time to time, with interest on the unpaid principal balance at the rate and on
the terms provided in this Promissory Note (including all renewals, extensions
or modifications hereof, this "NOTE").

USE OF PROCEEDS. Borrower shall use the proceeds of the loan(s) evidenced by
this Note for the commercial purposes of Borrower, as follows: for the
acquisition of 111,881 square foot commercial office and research and
development building, leased to LDM Technologies, Inc., and located in Oakland
County, Michigan

SECURITY. Borrower has granted Bank a security interest in the collateral
described in the Loan Documents, including, but not limited to, real property
collateral described in that certain Mortgage and Security Agreement of even
date herewith.

INTEREST RATE. Interest shall accrue on the unpaid principal balance of this
Note during each Interest Period from the date hereof at a rate per annum equal
to 1-month LIBOR plus 2.0% ("INTEREST RATE"). The Interest Rate for each
Interest Period shall accrue each day during such Interest Period, commencing on
and including the first day to but excluding the last day. "INTEREST PERIOD"
means each period commencing on the first day of the calendar month and ending
on the first day of the next succeeding calendar month; provided (i) the first
Interest Period shall commence on the date hereof and (ii) any Interest Period
that would otherwise extend past the maturity date of this Note shall end on the
maturity date of this Note. "LIBOR" means, with respect to each Interest Period,
the rate for U.S. dollar deposits with a maturity equal to the number of months
specified above, as reported on Telerate page 3750 as of 11:00 a.m., London
time, on the second London business day before such Interest Period begins, or,
in the

      THIS NOTE IS MADE AND EXECUTED OUTSIDE OF THE STATE OF FLORIDA, AND
      THEREFORE NO FLORIDA DOCUMENTARY STAMP TAX IS DUE AND PAYABLE HEREON.

<PAGE>

case of the first Interest Period, the second London business day before the
first day of the calendar month during which such Interest Period begins (or if
not so reported, then as determined by the Bank from another recognized source
or interbank quotation).

INDEMNIFICATION. Borrower shall indemnify Bank against Bank's loss or expense as
a consequence of (a) Borrower's failure to make any payment when due under this
Note, or (b) any payment, prepayment or conversion of any loan on a date other
than the last day of the Interest Period ("INDEMNIFIED LOSS OR EXPENSE"). The
amount of such Indemnified Loss or Expense shall be determined by Bank based
upon the assumption that Bank funded 100% of that portion of the loan in the
London interbank market.

DEFAULT RATE. In addition to all other rights contained in this Note, if a
Default (as defined herein) occurs and as long as a Default continues, all
outstanding Obligations shall bear interest at the Interest Rate plus 4%
("DEFAULT RATE"). The Default Rate shall also apply from acceleration until the
Obligations or any judgment thereon is paid in full.

INTEREST AND FEE(S) COMPUTATION (ACTUAL/360). Interest and fees, if any, shall
be computed on the basis of a 360-day year for the actual number of days in the
applicable period ("ACTUAL/360 COMPUTATION"). The Actual/360 Computation
determines the annual effective yield by taking the stated (nominal) rate for a
year's period and then dividing said rate by 360 to determine the daily periodic
rate to be applied for each day in the applicable period. Application of the
Actual/360 Computation produces an annualized effective interest rate exceeding
the nominal rate.

REPAYMENT TERMS. This Note shall be due and payable in consecutive monthly
payments of accrued interest only, commencing on January 11, 2005, and
continuing on the same day of each month thereafter until the Maturity Date (as
defined below). In addition, on or before April 14, 2006, Borrower shall make a
principal payment in an amount of Four Million Seven Hundred Twenty Thousand
Dollars ($4,720,000.00). All principal and accrued interest shall be due and
payable in full on December 14, 2006 (the "MATURITY DATE").

APPLICATION OF PAYMENTS. The indebtedness evidenced by this Note may be prepaid
at any time by Borrower without penalty or premium. Monies received by Bank from
any source for application toward payment of the Obligations shall be applied to
accrued interest and then to principal. If a Default occurs, monies may be
applied to the Obligations in any manner or order deemed appropriate by Bank.

If any payment received by Bank under this Note or other Loan Documents is
rescinded, avoided or for any reason returned by Bank because of any adverse
claim or threatened action, the returned payment shall remain payable as an
obligation of all persons liable under this Note or other Loan Documents as
though such payment had not been made.

                                     Page 2
<PAGE>

DEFINITIONS. LOAN DOCUMENTS. The term "LOAN DOCUMENTS", as used in this Note and
the other Loan Documents, refers to all documents executed in connection with or
related to the loan evidenced by this Note and any prior notes which evidence
all or any portion of the loan evidenced by this Note, and any letters of credit
issued pursuant to any loan agreement to which this Note is subject, any
applications for such letters of credit and any other documents executed in
connection therewith or related thereto, and may include, without limitation, a
commitment letter that survives closing, a loan agreement, this Note, guaranty
agreements, security agreements, security instruments, financing statements,
mortgage instruments, any renewals or modifications, whenever any of the
foregoing are executed, but does not include swap agreements (as defined in 11
U.S.C. Section 101). OBLIGATIONS. The term "OBLIGATIONS", as used in this Note
and the other Loan Documents, refers to any and all indebtedness and other
obligations under this Note, all other obligations under any other Loan
Document(s), and all obligations under any swap agreements (as defined in 11
U.S.C. Section 101) between Borrower and Bank whenever executed. CERTAIN OTHER
TERMS. All terms that are used but not otherwise defined in any of the Loan
Documents shall have the definitions provided in the Uniform Commercial Code.

LATE CHARGE. If any payments are not timely made, Borrower shall also pay to
Bank a late charge equal to 5% of each payment past due for 10 or more days not
to exceed $1,000.00 per late charge.

Acceptance by Bank of any late payment without an accompanying late charge shall
not be deemed a waiver of Bank's right to collect such late charge or to collect
a late charge for any subsequent late payment received.

If this Note is secured by owner-occupied residential real property located
outside the state in which the office of Bank first shown above is located, the
late charge laws of the state where the real property is located shall apply to
this Note and the late charge shall be the highest amount allowable under such
laws. If no amount is stated thereunder, the late charge shall be 5% of each
payment past due for 10 or more days.

ATTORNEYS' FEES AND OTHER COLLECTION COSTS. Borrower shall pay all of Bank's
reasonable expenses incurred to enforce or collect any of the Obligations
including, without limitation, reasonable arbitration, paralegals', attorneys'
and experts' fees and expenses, whether incurred without the commencement of a
suit, in any trial, arbitration, or administrative proceeding, or in any
appellate or bankruptcy proceeding.

USURY. If at any time the effective interest rate under this Note would, but for
this paragraph, exceed the maximum lawful rate, the effective interest rate
under this Note shall be the maximum lawful rate, and any amount received by
Bank in excess of such rate shall be applied to principal and then to fees and
expenses, or, if no such amounts are owing, returned to Borrower.

CURE PERIOD. Except as provided below, a Default based upon Nonpayment, as
defined herein, may be cured within 5 days after delivery of written notice from
Bank to

                                     Page 3
<PAGE>

Borrower that such payment is due and any other Default may be cured within 30
days after written notice thereof is delivered to the Borrower by Bank, provided
however, if any Default is of the nature that it cannot, with commercially
reasonable effort, be cured in 30 days, then such Default may be cured in such
longer period as may be necessary, not to exceed 90 days, provided Borrower
commences efforts to cure the Default within 30 days of notice of the Default,
and thereafter diligent pursues such efforts to completion. The Borrower's right
to cure shall be applicable only to curable defaults and shall not apply,
without limitation, to Defaults based upon False Warranty or Cessation;
Bankruptcy. Borrower shall have the right to cure a Default requiring mailing of
notice only once during any 12 month period. Bank shall not exercise its
remedies to collect the Obligations except as Bank reasonably deems necessary to
protect its interest in collateral securing the Obligations during a cure
period.

DEFAULT. If any of the following occurs and is not cured within the applicable
Cure Period, a default ("Default") under this Note shall exist: NONPAYMENT;
NONPERFORMANCE. The failure of timely payment or performance of the Obligations
or Default under this Note or any other Loan Documents. FALSE WARRANTY. A
warranty or representation made or deemed made in the Loan Documents or
furnished Bank in connection with the loan evidenced by this Note proves
materially false, or if of a continuing nature, becomes materially false.
CESSATION; BANKRUPTCY. The dissolution of, termination of existence of, loss of
good standing status by, appointment of a receiver for, assignment for the
benefit of creditors of, or commencement of any bankruptcy or insolvency
proceeding by or against Borrower or COLE OPERATING PARTNERSHIP II, LP, a
Delaware limited partnership ("GUARANTOR"). MATERIAL BUSINESS ALTERATION.
Without prior written consent of Bank, a material alteration in the kind or type
of Borrower's business. MATERIAL CAPITAL STRUCTURE OR BUSINESS ALTERATION.
Without prior written consent of Bank, (i) a material alteration in the kind or
type of Borrower's business; (ii) the sale of substantially all of the business
or assets of Borrower or Guarantor if such a sale is outside the ordinary course
of business of Borrower or Guarantor, or a material portion (10% or more) of
such business or assets if such a sale is outside the ordinary course of
business of Borrower or Guarantor, or more than 50% of the outstanding stock or
voting power of Borrower in a single transaction or a series of transactions. In
this respect, Bank acknowledges that the purchase and sale of individual
properties pursuant to the terms and conditions of that certain Private Offering
Memorandum of COLE CREDIT PROPERTY TRUST II, INC., a Maryland corporation, the
general partners of Guarantor, dated June 15, 2005, are acceptable ordinary
course of business and do not require Bank's consent; (iii) the acquisition by
Borrower of substantially all of the business or assets or more than 50% of the
outstanding stock or voting power of any other entity; (iv) should Borrower
enter into any merger or consolidation; or (v) a change in management of
Guarantor from the existing management team to another group which lacks
sufficient expertise in commercial real estate as reasonable determined by Bank.
MATERIAL ADVERSE CHANGE. Bank determines in good faith, in its sole discretion,
that the prospects for payment or performance of the Obligations are impaired or
there has occurred a material adverse change in the business or prospects of
Borrower, financial or otherwise.

                                     Page 4
<PAGE>

REMEDIES UPON DEFAULT. If a Default occurs under this Note or any Loan
Documents, Bank may at any time thereafter, take the following actions: BANK
LIEN. Foreclose its security interest or lien against Borrower's accounts
without notice. ACCELERATION UPON DEFAULT. Accelerate the maturity of this Note
and, at Bank's option, any or all other Obligations, other than Obligations
under any swap agreements (as defined in 11 U.S.C. Section 101) between Borrower
and Bank, which shall be governed by the default and termination provisions of
said swap agreements; whereupon this Note and the accelerated Obligations shall
be immediately due and payable; provided, however, if the Default is based upon
a bankruptcy or insolvency proceeding commenced by or against Borrower or any
guarantor or endorser of this Note, all Obligations (other than Obligations
under any swap agreement as referenced above) shall automatically and
immediately be due and payable. CUMULATIVE. Exercise any rights and remedies as
provided under the Note and other Loan Documents, or as provided by law or
equity.

ANNUAL FINANCIAL STATEMENTS. Borrower shall deliver to Bank, within 90 days
after the close of each fiscal year, financial statements reflecting its
operations during such fiscal year, including, without limitation, a balance
sheet, profit and loss statement and statement of cash flows, with supporting
schedules; all on a consolidated basis with respect to Borrower and its
Subsidiaries, Affiliates and parent or holding company, as applicable, and in
reasonable detail, prepared in conformity with generally accepted accounting
principles, applied on a basis consistent with that of the preceding year.

TAX RETURNS. Borrower shall deliver to Bank, within 30 days of filing, complete
copies of federal and state tax returns, as applicable, together with all
schedules thereto, each of which shall be signed and certified by Borrower to be
true and complete copies of such returns. In the event an extension is filed,
Borrower shall deliver a copy of the extension within 30 days of filing.

PROPERTY REPORTS. Borrower shall deliver to Bank, within 90 days after the close
of each fiscal year and, if requested by Bank, within 45 days after the end of
each fiscal quarter, unaudited management-prepared financial statements relating
to the operation of the Property (as defined in the security instrument securing
the Loan), including, without limitation, a balance sheet, income and expense
statement and statement of cash flows, with supporting schedules; certified rent
roll; and summary of leases; all in reasonable detail, prepared in conformity
with generally accepted accounting principles, applied on a basis consistent
with that of the preceding year.

FINANCIAL AND OTHER INFORMATION. Borrower shall deliver to Bank such information
as Bank may reasonably request from time to time, including without limitation,
financial statements and information pertaining to Borrower's financial
condition. Such information shall be true, complete, and accurate.

WAIVERS AND AMENDMENTS. No waivers, amendments or modifications of this Note and
other Loan Documents shall be valid unless in writing and signed by an officer
of Bank. No waiver by Bank of any Default shall operate as a waiver of any other

                                     Page 5
<PAGE>

Default or the same Default on a future occasion. Neither the failure nor any
delay on the part of Bank in exercising any right, power, or remedy under this
Note and other Loan Documents shall operate as a waiver thereof, nor shall a
single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or remedy.

Each Borrower or any person liable under this Note waives presentment, protest,
notice of dishonor, demand for payment, notice of intention to accelerate
maturity, notice of acceleration of maturity, notice of sale and all other
notices of any kind. Further, each agrees that Bank may extend, modify or renew
this Note or make a novation of the loan evidenced by this Note for any period,
and grant any releases, compromises or indulgences with respect to any
collateral securing this Note, or with respect to any other Borrower or any
other person liable under this Note or other Loan Documents, all without notice
to or consent of each Borrower or each person who may be liable under this Note
or any other Loan Document and without affecting the liability of Borrower or
any person who may be liable under this Note or any other Loan Document.

MISCELLANEOUS PROVISIONS. ASSIGNMENT. This Note and the other Loan Documents
shall inure to the benefit of and be binding upon the parties and their
respective heirs, legal representatives, successors and assigns. Bank's
interests in and rights under this Note and the other Loan Documents are freely
assignable, in whole or in part, by Bank. In addition, nothing in this Note or
any of the other Loan Documents shall prohibit Bank from pledging or assigning
this Note or any of the other Loan Documents or any interest therein to any
Federal Reserve Bank. Borrower shall not assign its rights and interest
hereunder without the prior written consent of Bank, and any attempt by Borrower
to assign without Bank's prior written consent is null and void. Any assignment
shall not release Borrower from the Obligations. ORGANIZATION; POWERS. Borrower
represents that Borrower (i) is (a) an adult individual and is sui juris, or (b)
a corporation, general partnership, limited partnership, limited liability
company or other legal entity, duly organized, validly existing and in good
standing under the laws of its state of organization, and is authorized to do
business in each other jurisdiction wherein its ownership of property or conduct
of business legally requires such organization (ii) has the power and authority
to own its properties and assets and to carry on its business as now being
conducted and as now contemplated; and (iii) has the power and authority to
execute, deliver and perform, and by all necessary action has authorized the
execution, delivery and performance of, all of its obligations under this Note
and any other Loan Document to which it is a party. APPLICABLE LAW; CONFLICT
BETWEEN DOCUMENTS. This Note and, unless otherwise provided in any other Loan
Document, the other Loan Documents shall be governed by and construed under the
laws of the State of Florida without regard to that state's conflict of laws
principles. If the terms of this Note should conflict with the terms of any loan
agreement or any commitment letter that survives closing, the terms of this Note
shall control. BORROWER'S ACCOUNTS. Except as prohibited by law, Borrower grants
Bank a security interest in all of Borrower's accounts with Bank and any of its
affiliates. JURISDICTION. Borrower irrevocably agrees to non-exclusive personal
jurisdiction in the state named in Bank's address on the first page hereof.
SEVERABILITY. If any provision of this Note or

                                     Page 6
<PAGE>

of the other Loan Documents shall be prohibited or invalid under applicable law,
such provision shall be ineffective but only to the extent of such prohibition
or invalidity, without invalidating the remainder of such provision or the
remaining provisions of this Note or other such document. NOTICES. Any notices
to Borrower shall be sufficiently given, if in writing and mailed or delivered
to the Borrower's address shown above or such other address as provided
hereunder, and to Bank, if in writing and mailed or delivered to Wachovia Bank,
National Association, Mail Code VA7391, P. O. Box 13327, Roanoke, VA 24040 or
Wachovia Bank, National Association, Mail Code VA7391, 10 South Jefferson
Street, Roanoke, VA 24011 or such other address as Bank may specify in writing
from time to time. Notices to Bank must include the mail code. In the event that
Borrower changes Borrower's address at any time prior to the date the
Obligations are paid in full, Borrower agrees to promptly give written notice of
said change of address by registered or certified mail, return receipt
requested, all charges prepaid. PLURAL; CAPTIONS. All references in the Loan
Documents to Borrower, guarantor, person, document or other nouns of reference
mean both the singular and plural form, as the case may be, and the term
"person" shall mean any individual, person or entity. The captions contained in
the Loan Documents are inserted for convenience only and shall not affect the
meaning or interpretation of the Loan Documents. ADVANCES. Bank may, in its sole
discretion, make other advances which shall be deemed to be advances under this
Note, even though the stated principal amount of this Note may be exceeded as a
result thereof. POSTING OF PAYMENTS. All payments received during normal banking
hours after 2:00 p.m. local time at the office of Bank first shown above shall
be deemed received at the opening of the next banking day. JOINT AND SEVERAL
OBLIGATIONS. Each person who signs this Note as a Borrower (as defined herein)
is jointly and severally obligated. FEES AND TAXES. Borrower shall promptly pay
all documentary, intangible recordation and/or similar taxes on this transaction
whether assessed at closing or arising from time to time.

ARBITRATION. Upon demand of any party hereto, whether made before or after
institution of any judicial proceeding, any claim or controversy arising out of
or relating to the Loan Documents between parties hereto (a "DISPUTE") shall be
resolved by binding arbitration conducted under and governed by the Commercial
Financial Disputes Arbitration Rules (the "ARBITRATION RULES") of the American
Arbitration Association (the "AAA") and the Federal Arbitration Act. Disputes
may include, without limitation, tort claims, counterclaims, a dispute as to
whether a matter is subject to arbitration, claims brought as class actions, or
claims arising from documents executed in the future. A judgment upon the award
may be entered in any court having jurisdiction. Notwithstanding the foregoing,
this arbitration provision does not apply to disputes under or related to swap
agreements. SPECIAL RULES. All arbitration hearings shall be conducted in the
city named in the address of Bank first stated above. A hearing shall begin
within 90 days of demand for arbitration and all hearings shall conclude within
120 days of demand for arbitration. These time limitations may not be extended
unless a party shows cause for extension and then for no more than a total of 60
days. The expedited procedures set forth in Rule 51 et seq. of the Arbitration
Rules shall be applicable to claims of less than $1,000,000.00. Arbitrators
shall be licensed attorneys selected from the Commercial Financial Dispute
Arbitration Panel of the AAA.

                                     Page 7
<PAGE>

The parties do not waive applicable Federal or state substantive law except as
provided herein. PRESERVATION AND LIMITATION OF REMEDIES. Notwithstanding the
preceding binding arbitration provisions, the parties agree to preserve, without
diminution, certain remedies that any party may exercise before or after an
arbitration proceeding is brought. The parties shall have the right to proceed
in any court of proper jurisdiction or by self-help to exercise or prosecute the
following remedies, as applicable: (i) all rights to foreclose against any real
or personal property or other security by exercising a power of sale or under
applicable law by judicial foreclosure including a proceeding to confirm the
sale; (ii) all rights of self-help including peaceful occupation of real
property and collection of rents, set-off, and peaceful possession of personal
property; (iii) obtaining provisional or ancillary remedies including injunctive
relief, sequestration, garnishment, attachment, appointment of receiver and
filing an involuntary bankruptcy proceeding; and (iv) when applicable, a
judgment by confession of judgment. Any claim or controversy with regard to any
party's entitlement to such remedies is a Dispute. WAIVER OF EXEMPLARY DAMAGES.
The parties agree that they shall not have a remedy of punitive or exemplary
damages against other parties in any Dispute and hereby waive any right or claim
to punitive or exemplary damages they have now or which may arise in the future
in connection with any Dispute whether the Dispute is resolved by arbitration or
judicially. WAIVER OF JURY TRIAL. THE PARTIES ACKNOWLEDGE THAT BY AGREEING TO
BINDING ARBITRATION THEY HAVE IRREVOCABLY WAIVED ANY RIGHT THEY MAY HAVE TO JURY
TRIAL WITH REGARD TO A DISPUTE.

                            [SIGNATURE PAGE FOLLOWS]

                                     Page 8
<PAGE>

      IN WITNESS WHEREOF, Borrower, on the day and year first above written, has
caused this Note to be executed under seal.

                                    BORROWER:

                                    COLE PT AUBURN HILLS MI, LLC, a Delaware
                                    limited liability company

                                    By: COLE REIT ADVISORS II, LLC, a Delaware
                                        limited liability company, its manager

                                        By: /s/  John M. Pons
                                            ------------------------------------
                                            John M. Pons, its Senior Vice
                                            President

STATE OF ARIZONA
COUNTY OF MARICOPA

      The foregoing instrument was acknowledged before me on December 13, 2005,
by John M. Pons, as Senior Vice President of COLE REIT ADVISORS II, LLC, a
Delaware limited liability company, as manager of COLE PT AUBURN HILLS MI, LLC,
a Delaware limited liability company, on behalf of the companies. He is
personally known to me or has produced a valid driver's license as
identification.

                                    /s/  Mary D. Bates
                                    --------------------------------------------
                                    NOTARY PUBLIC

                                    Mary D. Bates
                                    --------------------------------------------
                                    (Print, Type or Stamp Name)

                                    My Commission Expires: 9/3/08

                                     Page 9

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