Document:

Schedule of Omitted Agreements

 Exhibit 10.24 
 CNL Income Properties, Inc. 
 Schedule of Omitted Agreements 
 The following purchase and sale agreements have not been filed as exhibits to this Post-Effective Amendment to Form S-11
Registration Statement pursuant to Instruction 2 of Item 601 of Regulation S-K: 
  

	 	1.	 Purchase and Sale Agreement (Village at Mammoth Commercial Properties) between Intrawest California Holdings, Inc., a California corporation, as Seller, and CNL
Village Retail Partnership, LP, a Delaware Limited Partnership, as Purchaser, dated as of December 16, 2004. 

	 	2.	 Purchase and Sale Agreement (Sandestin Resort Commercial Properties) between Fisherman’s Village One Development Company, L.L.C., a Delaware limited
liability company, and Gateway/Le Jardin Development Company, L.L.C., a Delaware limited liability company, as Sellers, and CNL Village Retail Partnership, LP, a Delaware Limited Partnership, as Purchaser, dated as of December 16, 2004.

	 	3.	 Purchase and Sale Agreement (Snowshoe Mountain Commercial Properties) between Intrawest Resorts, Inc., a Delaware corporation, and Snowshoe Mountain, Inc., a
West Virginia corporation, as Sellers, and CNL Village Retail Partnership, LP, a Delaware Limited Partnership, as Purchaser, dated as of December 16, 2004. 

	 	4.	 Purchase and Sale Agreement (Stratton Mountain Village Square Commercial Properties) between The Stratton Corporation, a Vermont corporation, as Seller, and CNL
Village Retail Partnership, LP, a Delaware Limited Partnership, as Purchaser, dated as of December 16, 2004. 

 The following lease agreements have not been filed as exhibits to this Post-Effective Amendment to Form S-11 Registration Statement pursuant to Instruction 2 of Item 601 of Regulation S-K: 
  

	 	1.	 Canyon Springs Golf Club, San Antonio, Texas Lease Agreement dated as of November 16, 2006 between CNL Income Canyon Springs, LLC and Assigns, and Evergreen
Alliance Golf Limited, L.P. 

	 	2.	 Lake Park Golf Club, Lewisville, Texas Sub-Concession Agreement dated as of November 16, 2006 between CNL Income Lake Park, LLC and Assigns, and Evergreen
Alliance Golf Limited, L.P. 

	 	3.	 Plantation Golf Club, Frisco, Texas Lease Agreement dated as of November 16, 2006 between CNL Income Plantation, LLC and Assigns, and Evergreen Alliance
Golf Limited, L.P. 

	 	4.	 Clear Creek Golf Club, Houston, Texas Lease Agreement dated as of November 16, 2006 between CNL Income Clear Creek, LLC and Assigns, and Evergreen Alliance
Golf Limited, L.P. 

	 	5.	 The Golf Club at Fossil Creek, Fort Worth, Texas Lease Agreement dated as of November 16, 2006 between CNL Income Fossil Creek, LLC and Assigns, and
Evergreen Alliance Golf Limited, L.P. 

	 	6.	 Mansfield National Golf Club, Mansfield, Texas Sublease Agreement dated as of November 16, 2006 between CNL Income Mansfield, LLC and Assigns, and Evergreen
Alliance Golf Limited, L.P. 

	 	7.	 The Golf Club at Cinco Ranch, Katy, Texas Lease Agreement dated as of November 16, 2006 between CNL Income Cinco Ranch, LLC and Assigns, and Evergreen
Alliance Golf Limited, L.P. 

	 	8.	 Mesa Del Sol Golf Club, Yuma, Arizona Lease Agreement dated as of December 22, 2006 between CNL Income Mesa Del Sol, LLC and Evergreen Alliance Golf
Limited, L.P. 

	 	9.	 Royal Meadows Golf Club, Kansas City, Missouri Lease Agreement dated as of December 22, 2006 between CNL Income Royal Meadows, LLC and Evergreen Alliance
Golf Limited, L.P. 

	 	10.	 Painted Hills Golf Club, Kansas City, Missouri Lease Agreement dated as of December 22, 2006 between CNL Income Painted Hills, LLC and Evergreen Alliance
Golf Limited, L.P. 

	 	11.	 Fox Meadow Country Club, Medina, Ohio Lease Agreement dated as of December 22, 2006 between CNL Income Fox Meadow, LLC and Evergreen Alliance Golf Limited,
L.P. 

 CNL Income Properties, Inc. 
 Schedule of Omitted Agreements 
  

	 	12.	 Weymouth Country Club, Medina, Ohio Lease Agreement dated as of December 22, 2006 between CNL Income Weymouth, LLC and Evergreen Alliance Golf Limited, L.P.

	 	13.	 Signature of Solon Country Club, Solon, Ohio Lease Agreement dated as of December 22, 2006 between CNL Income Signature of Solon, LLC and Evergreen Alliance
Golf Limited, L.P. 

	 	14.	 Lease Agreement dated as of January 8, 2007 between CNL Income Brighton, LLC and Brighton Resort, LLC. 

	 	15.	 Lease Agreement dated as of January 20, 2007 between CNL Income Northstar, LLC and Trimont Land Company. 

	 	16.	 Lease Agreement dated as of January 20, 2007 between CNL Income Snoqualmie, LLC and Ski Lifts, Inc. 

	 	17.	 Lease Agreement dated as of January 20, 2007 between CNL Income Loon Mountain, LLC and Loon Mountain Recreation Corporation. 

	 	18.	 Lease Agreement dated as of January 20, 2007 between CNL Income Sierra, LLC and Sierra-at-Tahoe, Inc. 

	 	19.	 Personal Property Lease Agreement dated as of January 20, 2007 between CNL Income Northstar TRS Corp. and Trimont Land Company.

	 	20.	 Personal Property Lease Agreement dated as of January 20, 2007 between CNL Income Loon Mountain TRS Corp. and Loon Mountain Recreation Corporation.

	 	21.	 Personal Property Lease Agreement dated as of January 20, 2007 between CNL Income Sierra TRS Corp. and Sierra-at-Tahoe, Inc. 

	 	22.	 Personal Property Lease Agreement dated as of January 20, 2007 between CNL Income Snoqualmie TRS Corp. and Ski Lifts, Inc. 

	 	23.	 LakeRidge Country Club, Lubbock, Texas Lease Agreement dated as of December 22, 2006 between CNL Income LakeRidge, LLC and Evergreen Alliance Golf Limited,
L.P. 

	 	24.	 Darien Lake Lease Agreement dated as of April 5, 2007 between CNL Income Darien Lake, LLC, Landlord, and PARC Darien Lake, LLC, Tenant

	 	25.	 Elitch Gardens Lease Agreement dated as of April 5, 2007 between CNL Income Elitch Gardens, LLC, Landlord, and PARC Elitch Gardens, LLC, Tenant.

	 	26.	 Frontier City Lease Agreement dated as of April 5, 2007 between CNL Income Frontier City, LLC, Landlord, and PARC Frontier City, LLC, Tenant.

	 	27.	 Splashtown Lease Agreement dated as of April 5, 2007 between CNL Income Splashtown, LLC, Landlord, and PARC Splashtown, LLC, Tenant.

	 	28.	 White Water Bay Lease Agreement dated as of April 5, 2007 between CNL Income White Water Bay, LLC, Landlord, and PARC White Water Bay, LLC, Tenant.

	 	29.	 WaterWorld Lease Agreement dated as of April 5, 2007 between CNL Income WaterWorld, LLC, Landlord, and PARC WaterWorld, LLC, Tenant.

	 	30.	 Ancala Country Club, Scottsdale, Arizona Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and
Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	31.	 Arrowhead Golf Club, Littleton, Colorado Lease Agreement dated as of November 30, 2007 between CNL Income EAGL West Golf, LLC, as Landlord, and Evergreen
Alliance Golf Limited, L.P., as Tenant. 

	 	32.	 Deer Creek Golf Club, Overland Park, Kansas Lease Agreement dated as of November 30, 2007 between CNL Income EAGL West Golf, LLC, as Landlord, and Evergreen
Alliance Golf Limited, L.P., as Tenant. 

	 	33.	 Eagle Brook Country Club, Geneva, Illinois Lease Agreement dated as of November 30, 2007 between CNL Income EAGL North Golf, LLC, as Landlord, and Evergreen
Alliance Golf Limited, L.P., as Tenant. 

	 	34.	 Hunt Valley Golf Club, Phoenix, Maryland Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Mideast Golf, LLC, as Landlord, and Evergreen
Alliance Golf Limited, L.P., as Tenant. 

  

 2 

 CNL Income Properties, Inc. 
 Schedule of Omitted Agreements 
  

	 	35.	 Legend at Arrowhead, Glendale, Arizona Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen
Alliance Golf Limited, L.P., as Tenant. 

	 	36.	 Majestic Oaks Golf Club, Ham Lake, Minnesota Lease Agreement dated as of November 30, 2007 between CNL Income EAGL North Golf, LLC, as Landlord, and
Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	37.	 Mission Hills Country Club, Northbrook, Illinois Lease Agreement dated as of November 30, 2007 between CNL Income EAGL North Golf, LLC, as Landlord, and
Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	38.	 Painted Desert Golf Club, Las Vegas, Nevada Lease Agreement dated as of November 30, 2007 between CNL Income EAGL West Golf, LLC, as Landlord, and Evergreen
Alliance Golf Limited, L.P., as Tenant. 

	 	39.	 Ruffled Feathers Golf Club, Lemont, Illinois Lease Agreement dated as of November 30, 2007 between CNL Income EAGL North Golf, LLC, as Landlord, and
Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	40.	 Stonecreek Golf Club, Phoenix, Arizona Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen
Alliance Golf Limited, L.P., as Tenant. 

	 	41.	 Tallgrass Country Club, Wichita, Kansas Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Midwest Golf, LLC, as Landlord, and Evergreen
Alliance Golf Limited, L.P., as Tenant. 

	 	42.	 Tatum Ranch Golf Club, Cave Creek, Arizona Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and
Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	43.	 Arrowhead Country Club, Glendale, Arizona, Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and
Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	44.	 Continental Golf Course, Scottsdale, Arizona Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and
Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	45.	 Desert Lakes Golf Course, Bullhead City, Arizona Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and
Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	46.	 Foothills Country Club, Phoenix, Arizona Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and
Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	47.	 Kokopelli Golf Club, Gilbert, Arizona Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and Evergreen
Alliance Golf Limited, L.P., as Tenant. 

	 	48.	 London Bridge Golf Club, Lake Havasu, Arizona Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and
Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	49.	 Meadowbrook Golf & Country Club, Tulsa, Oklahoma Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Midwest Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	50.	 Superstition Springs Golf Club, Mesa, Arizona Lease Agreement dated as of November 30, 2007 between CNL Income EAGL Southwest Golf, LLC, as Landlord, and
Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	51.	 Tamarack Country Club Naperville, Illinois Lease Agreement dated as of November 30, 2007 between CNL Income EAGL North Golf, LLC, as Landlord, and Evergreen
Alliance Golf Limited, L.P., as Tenant. 

	 	52.	 Micke Grove Golf Course, Lodi, California, Sub-Sublease Agreement dated as of December 19, 2007 between CNL Income EAGL Leasehold Golf, LLC, as Landlord,
and Evergreen Alliance Golf Limited, L.P., as Tenant. 

  

 3 

 CNL Income Properties, Inc. 
 Schedule of Omitted Agreements 
  

	 	53.	 The Norman K. Probstein Community Golf Courses and Youth Learning Center in Forest Park, St. Louis, Missouri Sublease Agreement dated as of December 19,
2007 between CNL Income EAGL Leasehold Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	54.	 Cowboys Golf Club, Grapevine, Texas Sub-Sublease Agreement dated as of January 2008 between Grapevine Golf Club, L.P. and assigns, as Landlord, and Evergreen
Alliance Golf Limited, L.P., as Tenant. 

	 	55.	 Shandin Hills Golf Course, San Bernardino, California, Sublease Agreement dated as of March 7, 2008 between CNL Income EAGL Leasehold Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	56.	 Meadowlark Golf Course, Huntington Beach, California, Sub-Sublease Agreement dated as of April 17, 2008 between CNL Income EAGL Meadowlark, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	57.	 Las Vegas Municipal Golf Course, Las Vegas, Nevada, Sub-Management Agreement dated as of April 17, 2008 between CNL Income EAGL Las Vegas, LLC and Evergreen
Alliance Golf Limited, L.P. 

	 	58.	 David L. Baker Memorial golf Course, Fountain Valley, California, Sub-Concession Agreement dated as of April 17, 2008 between CNL Income EAGL Leasehold
Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	59.	 Canyon Springs Golf Club, San Antonio, Texas, Third Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Canyon Springs, LLC
and Assigns, and Evergreen Alliance Golf Limited, L.P. 

	 	60.	 The Golf Club at Cinco Ranch, Katy, Texas , Third Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Cinco Ranch, LLC and
Assigns, and Evergreen Alliance Golf Limited, L.P. 

	 	61.	 The Golf Club at Fossil Creek, Fort Worth, Texas, Fourth Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Fossil Creek,
LLC and Assigns, and Evergreen Alliance Golf Limited, L.P. 

	 	62.	 Plantation Golf Club, Frisco, Texas, Third Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Plantation, LLC and Assigns,
and Evergreen Alliance Golf Limited, L.P. 

	 	63.	 Clear Creek Golf Club, Houston, Texas, Second Amended and Restated Sub-Concession Agreement dated as of March 31, 2009 between CNL Income Clear Creek, LLC
and Assigns, and Evergreen Alliance Golf Limited, L.P. 

	 	64.	 Lake Park Golf Club, Lewisville, Texas, Third Amended and Restated Sub-Concession Agreement dated as of March 31, 2009 between CNL Income Lake Park, LLC and
Assigns, and Evergreen Alliance Golf Limited, L.P. 

	 	65.	 Mansfield National Golf Club, Mansfield, Texas, Third Amended and Restated Sublease Agreement dated as of March 31, 2009 between CNL Income Mansfield, LLC
and Assigns, and Evergreen Alliance Golf Limited, L.P. 

	 	66.	 Mesa Del Sol Golf Club, Yuma, Arizona, Second Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Mesa Del Sol, LLC and
Evergreen Alliance Golf Limited, L.P. 

	 	67.	 LakeRidge Country Club, Lubbock, Texas, Second Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income LakeRidge, LLC and
Evergreen Alliance Golf Limited, L.P. 

	 	68.	 Royal Meadows Golf Club, Kansas City, Missouri, Second Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Royal Meadows, LLC
and Evergreen Alliance Golf Limited, L.P. 

	 	69.	 Painted Hills Golf Club, Kansas City, Missouri, Second Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Painted Hills, LLC
and Evergreen Alliance Golf Limited, L.P. 

  

 4 

 CNL Income Properties, Inc. 
 Schedule of Omitted Agreements 
  

	 	70.	 Fox Meadow Country Club, Medina, Ohio, Second Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Fox Meadow, LLC and
Evergreen Alliance Golf Limited, L.P. 

	 	71.	 Weymouth Country Club, Medina, Ohio, Second Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Weymouth, LLC and Evergreen
Alliance Golf Limited, L.P. 

	 	72.	 Signature of Solon Country Club, Solon, Ohio, Second Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income Signature of Solon,
LLC and Evergreen Alliance Golf Limited, L.P. 

	 	73.	 Tatum Ranch Golf Club, Cave Creek, Arizona, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL Southwest Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	74.	 Arrowhead Golf Club, Littleton, Colorado, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL West Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	75.	 Continental Golf Course, Scottsdale, Arizona Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL Southwest Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	76.	 Desert Lakes Golf Course, Bullhead City, Arizona, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL Southwest Golf,
LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	77.	 Foothills Country Club, Phoenix, Arizona, Amended and Restated Lease Agreement dated as of March 31, 2009, between CNL Income EAGL Southwest Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	78.	 Kokopelli Golf Club, Gilbert, Arizona, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL Southwest Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	79.	 Legend at Arrowhead, Glendale, Arizona, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL Southwest Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	80.	 London Bridge Golf Club, Lake Havasu, Arizona, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL Southwest Golf, LLC,
as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	81.	 Stonecreek Golf Club, Phoenix, Arizona, Amended and Restated Lease and Sublease Agreement dated as of March 31, 2009 between CNL Income EAGL Southwest Golf,
LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	82.	 Superstition Springs Golf Club, Mesa, Arizona, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL Southwest Golf, LLC,
as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	83.	 Eagle Brook Country Club, Geneva, Illinois, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL North Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	84.	 Arrowhead Golf Club, Littleton, Colorado, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL West Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

  

 5 

 CNL Income Properties, Inc. 
 Schedule of Omitted Agreements 
  

	 	85.	 Painted Desert Golf Club, Las Vegas, Nevada, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL West Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	86.	 Mission Hills Country Club, Northbrook, Illinois, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL North Golf, LLC,
as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	87.	 Ruffled Feathers Golf Club, Lemont, Illinois, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL North Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	88.	 Tamarack Country Club, Naperville, Illinois, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL North Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	89.	 Majestic Oaks Golf Club, Ham Lake, Minnesota, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL North Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	90.	 Deer Creek Golf Club, Overland Park, Kansas, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL West Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	91.	 Tallgrass Country Club, Wichita, Kansas, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL Midwest Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	92.	 Meadowbrook Golf & Country Club, Tulsa, Oklahoma, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL Midwest
Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	93.	 Hunt Valley Golf Club, Phoenix, Maryland, Amended and Restated Lease Agreement dated as of March 31, 2009 between CNL Income EAGL Mideast Golf, LLC, as
Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	94.	 David L. Baker Memorial golf Course, Fountain Valley, California, Amended and Restated Sub-Concession Agreement dated as of March 31, 2009 between CNL
Income EAGL Leasehold Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	95.	 Shandin Hills Golf Course, San Bernardino, California, Amended and Restated Sublease Agreement dated as of March 31, 2009 between CNL Income EAGL Leasehold
Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	96.	 The Norman K. Probstein Community Golf Courses and Youth Learning Center in Forest Park, St. Louis, Missouri, Amended and Restated Sublease Agreement dated as of
March 31, 2009 between CNL Income EAGL Leasehold Golf, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	97.	 Micke Grove Golf Course, Lodi, California, Amended and Restated Sub-Sublease Agreement dated as of March 31, 2009 between CNL Income EAGL Leasehold Golf,
LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

	 	98.	 Meadowlark Golf Course, Huntington Beach, California, Amended and Restated Sub-Sublease Agreement dated as of March 31, 2009 between CNL Income EAGL
Meadowlark, LLC, as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

  

 6 

 CNL Income Properties, Inc. 
 Schedule of Omitted Agreements 
  

	 	99.	 Las Vegas Municipal Golf Course, Las Vegas, Nevada, Amended and Restated Sub-Management Agreement dated as of March 31, 2009 between CNL Income EAGL Las
Vegas, LLC and Evergreen Alliance Golf Limited, L.P. 

	 	100.	 Cowboys Golf Club, Grapevine, Texas, Amended and Restated Sub-Sublease Agreement dated as of March 31, 2009 between Grapevine Golf Club, L.P. and assigns,
as Landlord, and Evergreen Alliance Golf Limited, L.P., as Tenant. 

 The following loan
agreements/mortgages have not been filed as exhibits to this Post-Effective Amendment to Form S-11 Registration Statement pursuant to Instruction 2 of Item 601 of Regulation S-K: 
  

	 	1.	 Loan Agreement dated November 14, 2006 by CNL Income Palmetto, LLC, et al., Borrower, and Sun Life Assurance Company of Canada, Lender.

	 	2.	 Amended And Restated Loan Agreement dated November 30, 2006 by CNL Income Palmetto, LLC, et al., Borrower, and Sun Life Assurance Company of Canada, Lender.

	 	3.	 Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated November 30, 2006 between CNL Income Talega, LLC and First
American Title Insurance Company and Sun Life Assurance Company of Canada. 

	 	4.	 Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing dated November 30, 2006 by and between CNL Income Valencia, LLC and
First American Title Insurance Company and Sun Life Assurance Company of Canada. 

	 	5.	 Multi-State Mortgage and Security Agreement dated November 30, 2006 between CNL Income Weston Hills, LLC and Sun Life Assurance Company of Canada.

	 	6.	 Mortgage and Security Agreement dated November 14, 2006 between CNL Income Palmetto, LLC and Sun Life Assurance Company of Canada

	 	7.	 Mortgage and Security Agreement dated November 14, 2006 between CNL Income Bear Creek, LLC and Sun Life Assurance Company of Canada

	 	8.	 Deed of Trust, Security Agreement and Fixture Filing dated November 14, 2006 between CNL Income South Mountain, LLC and First American Title Insurance
Company and Sun Life Assurance Company of Canada. 

	 	9.	 Deed of Trust, Security Agreement and Financing Statement dated February 9, 2007 between CNL Income Plantation, LLC and Sun Life Assurance Company of
Canada. 

	 	10.	 Deed of Trust, Security Agreement and Financing Statement dated February 9, 2007 between CNL Income Mansfield, LLC and Sun Life Assurance Company of Canada.

	 	11.	 Deed of Trust, Security Agreement and Financing Statement dated February 9, 2007 between CNL Income Fossil Creek, LLC and Sun Life Assurance Company of
Canada. 

	 	12.	 Deed of Trust, Security Agreement and Financing Statement dated February 9, 2007 between CNL Income Cinco Ranch, LLC and Sun Life Assurance Company of
Canada. 

	 	13.	 Third Amended and Restated Loan Agreement dated June 8, 2007 between CNL Income Palmetto, LLC, et al., Borrower, and Sun Life Assurance Company of Canada,
Lender. 

	 	14.	 Open-End Mortgage and Security Agreement dated June 8, 2007 between CNL Income Fox Meadow, LLC and Sun Life Assurance Company of Canada.

	 	15.	 Deed of Trust, Security Agreement and Fixture Filing dated June 8, 2007 between CNL Income Mesa Del Sol, LLC and Sun Life Assurance Company of Canada.

	 	16.	 Mortgage and Security Agreement dated June 8, 2007 between CNL Income Painted Hills, LLC and Sun Life Assurance Company of Canada.

  

 7 

 CNL Income Properties, Inc. 
 Schedule of Omitted Agreements 
  

	 	17.	 Open-End Mortgage and Security Agreement dated June 8, 2007 between CNL Income Signature of Solon, LLC and Sun Life Assurance Company of Canada.

	 	18.	 Deed of Trust and Security Agreement dated June 8, 2007 between CNL Income Royal Meadows, LLC and Sun Life Assurance Company of Canada.

	 	19.	 Deed of Trust, Security Agreement and Financing Statement dated June 8, 2007 between CNL Income Lakeridge, LLC and Sun Life Assurance Company of Canada.

	 	20.	 Leasehold Deed of Trust, Security Agreement and Financing Statement dated June 8, 2007 between Grapevine Golf Club, L.P. and Sun Life Assurance Company of
Canada. 

	 	21.	 Open-End Mortgage and Security Agreement dated June 8, 2007 between CNL Income Weymouth, LLC and Sun Life Assurance Company of Canada.

	 	22.	 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL West Golf, LLC, Borrower, to The Prudential Insurance Company of
America, Lender (Arrowhead Golf Club, Littleton, Colorado). 

	 	23.	 Mortgage and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Midwest Golf, LLC, Borrower, to The Prudential Insurance Company of America,
Lender (Deer Creek Golf Club, Overland Park, Kansas). 

	 	24.	 Mortgage and Security Agreement dated as of January 25, 2008 by CNL Income EAGL North Golf, LLC, Borrower, to The Prudential Insurance Company of America,
Lender (Eagle Brook Country Club, Geneva, Illinois). 

	 	25.	 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Mideast Golf, LLC, Borrower, to The Prudential Insurance Company of
America, Lender (Hunt Valley Golf Club, Phoenix, Maryland). 

	 	26.	 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of
America, Lender (Legend at Arrowhead Golf Resort, Glendale, Arizona). 

	 	27.	 Mortgage and Security Agreement dated as of January 25, 2008 by CNL Income EAGL North Golf, LLC, Borrower, to The Prudential Insurance Company of America,
Lender (Majestic Oaks Golf Club, Ham Lake, Minnesota). 

	 	28.	 Mortgage and Security Agreement dated as of January 25, 2008 by CNL Income EAGL North Golf, LLC, Borrower, to The Prudential Insurance Company of America,
Lender (Mission Hills Country Club, Northbrook, Illinois). 

	 	29.	 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL West Golf, LLC, Borrower, to The Prudential Insurance Company of
America, Lender (Painted Desert Golf Club, Las Vegas, Nevada). 

	 	30.	 Mortgage and Security Agreement dated as of January 25, 2008 by CNL Income EAGL North Golf, LLC, Borrower, to The Prudential Insurance Company of America,
Lender (Ruffled Feathers Golf Club, Lemont, Illinois). 

	 	31.	 Fee and Leasehold Deed of Trust dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of
America, Lender (Stonecreek Golf Club, Phoenix, Arizona). 

	 	32.	 Mortgage and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Midwest Golf, LLC, Borrower, to The Prudential Insurance Company of America,
Lender (Tallgrass Country Club, Wichita, Kansas). 

  

 8 

 CNL Income Properties, Inc. 
 Schedule of Omitted Agreements 
  

	 	33.	 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of
America, Lender (Tatum Ranch Golf Club, Cave Creek, Arizona). 

	 	34.	 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of
America, Lender (Arrowhead Country Club, Glendale, Arizona). 

	 	35.	 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of
America, Lender (Continental Golf Course, Scottsdale, Arizona). 

	 	36.	 Fee and Leasehold Deed of Trust dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of
America, Lender (Desert Lakes Golf Course, Bullhead City, Arizona). 

	 	37.	 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of
America, Lender (Foothills Golf Club, Phoenix, Arizona). 

	 	38.	 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of
America, Lender (Kokopelli Golf Club, Gilbert, Arizona). 

	 	39.	 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, as Landlord, Borrower, to The Prudential Insurance
Company of America, Lender (London Bridge Golf Course, Lake Havasu, Arizona). 

	 	40.	 Mortgage and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Midwest Golf, LLC, Borrower, to The Prudential Insurance Company of America,
Lender (Meadowbrook Golf & Country Club, Tulsa, Oklahoma). 

	 	41.	 Deed of Trust and Security Agreement dated as of January 25, 2008 by CNL Income EAGL Southwest Golf, LLC, Borrower, to The Prudential Insurance Company of
America, Lender (Superstition Springs Golf Club, Mesa, Arizona). 

	 	42.	 Mortgage and Security Agreement dated as of January 25, 2008 by CNL Income EAGL North Golf, LLC, Borrower, to The Prudential Insurance Company of America,
Lender (Tamarack Golf Club Naperville, Illinois). 

  

 9Employment Agreement dated March 2, 2009 between Anita Britt and the Registrant

 Exhibit 10.48 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement (hereinafter referred to as “Agreement”)
is entered into by and between Perry Ellis International, Inc. (hereinafter referred to as the “Company”) and Ms. Anita Britt (hereinafter referred to as “Ms. Britt”). 
 WHEREAS, the Company desires to employ Ms. Britt in the capacity as Chief Financial Officer; and 
 WHEREAS, the Company and Ms. Britt desire to set forth in this Agreement the terms and conditions of said employment, and to establish a mechanism
to resolve disputes relating to said employment, and to establish limitations on post-term solicitation, use of confidential information, and competition; 
 NOW, THEREFORE, in consideration of the mutual promises and obligations contained in this Agreement, the Company and Ms. Britt agree as follows: 
 1. Effective Date and Term. 
 This Agreement is effective as of March 2, 2009 (the
“Effective Date”) and will expire without further notice at 5:00 p.m. e.s.t. on March 1, 2011, and can be terminated at any time by either party in accordance with the terms and conditions expressly set forth herein. The period of
time beginning on the Effective Date and running until the earlier of the expiration or termination of the Agreement shall be referred to as the “Term” of the Agreement. This Agreement may be renewed for additional periods of one
(1) year upon the mutual written consent of the parties, such written consent given not later than thirty (30) days prior to the expiration of the Term. 
 2. Duties and Responsibilities. 
 The Company hereby employs Ms. Britt as the Company’s Chief Financial Officer,
with such powers and duties as may be established from time to time by the Company in its discretion. Ms. Britt will report directly to the Company’s Chief Executive Officer. Ms. Britt will devote her full time, attention and
energies to the Company’s business. During her employment, Ms. Britt will not engage in any other business activities on her own behalf or for any other entity, other than for the benefit of the Company, regardless of whether such activity
is pursued for profits, gains, or other pecuniary advantage, without the express written consent of the Company’s Chief Executive Officer. However, nothing in this Agreement shall prevent Ms. Britt from passively investing in business
activities so long as such investments require no active participation by Ms. Britt, or from engaging in other charitable or civic activities so long as such activities do not materially detract from Ms. Britt’s job duties herein.
Ms. Britt shall be based at the Company’s principal offices in Miami, Florida except for required travel on the Company’s business. 
  

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 3. Compensation. 
 a. Base Salary. The Company promises to pay Ms. Britt a Base Salary at an annualized rate of Three Hundred, Seventy-Five Thousand Dollars ($375,000.00), less applicable deductions, payable in
installments according to the Company’s normal payroll practices. Any increases in Base Salary shall be at the discretion of the Company’s Chief Executive Officer. 
 b. Management Incentive Program. Ms. Britt shall be eligible to participate in the Company’s Management Incentive Program
(hereinafter, “MIP”). Ms. Britt shall be eligible for up to 40% target bonus under the MIP. The amount and method of payment of any compensation paid to Ms. Britt shall be determined in accordance with the applicable terms of the
MIP. 
 c. Relocation Allowance. The Company will provide relocation benefits to Ms. Britt under the terms and conditions set
forth in the separate Relocation Agreement attached hereto as Appendix A. 
 d. Intentionally Deleted. 
 e. Automobile Allowance. The Company promises to pay Ms. Britt a monthly automobile allowance in the amount of One Thousand Dollars
($1,000.00) per month, less applicable tax deductions. The payment under this paragraph shall be made on the first regular payroll of each month during the Term. Ms. Britt and the Company acknowledge that, as of the date of this
Agreement, the Company is considering implementing certain policies and procedures related to automobile allowances. Ms. Britt and the Company agree that the Company shall have the option, at its discretion, to eliminate the benefit provided
under this Paragraph 3.e in favor of a commensurate upward adjustment to Ms. Britt’s Base Salary. 
 f. Non-Qualified Stock Options. The Company shall grant to Ms. Britt an option (the “Option”) to purchase 10,000 shares of the Company’s common stock, $.01 par value per share (the
“Common Stock”). The Option shall vest as to one-quarter ( 1/4) of the Common Stock immediately on the first
anniversary of the Effective Date, as to an additional one-quarter ( 1/4) on the second anniversary of the Effective Date,
as to an additional one-quarter ( 1/4) on the third anniversary of the Effective Date, and as to the remaining one-quarter
( 1/4) on the fourth anniversary of the Effective Date, but only so long as Ms. Britt is employed by the Company on
each such vesting date. The Option shall be forfeited to the extent that it is not vested as of the date Ms. Britt’s employment is terminated for any reason by Ms. Britt or by the Company. The Option shall be subject to such other
terms, conditions, and/or restrictions as determined by the Company and as set forth in the related stock option agreement to be entered into between Ms. Britt and the Company. 
 g. Restricted Stock. Ms. Britt shall be granted 10,000 fully registered shares
of the Company’s common stock of the class listed on the NASDAQ (“Shares”) One-quarter. ( 1/4) of the
Shares shall vest on the first anniversary of the Effective Date, one-quarter ( 1/4) of the Shares shall vest on the second
anniversary of the Effective Date, one-quarter ( 1/4) of the Shares shall vest on the third 

  

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anniversary of the Effective Date, and one-quarter ( 1/4) of the Shares shall vest on the fourth anniversary of the Effective Date, but only so long as Ms. Britt is employed by the Company on each such vesting date. The Shares shall be forfeited to the extent that
they are not vested as of the date Ms. Britt’s employment is terminated for any reason by Ms. Britt or by the Company. The Restricted Stock shall be subject to such other terms, conditions, and/or restrictions as determined by the
Company and as set forth in the related Restricted Stock agreement to be entered into between Ms. Britt and the Company. 
 e.
Long Term Incentive Plan. Ms. Britt shall be eligible to participate in the Company’s Long Term Incentive Plan (hereinafter, “LTI”), so long as Ms. Britt meets the applicable eligibility requirements of the LTI.
Any awards to Ms. Britt under the LTI shall be subject to the discretion of the Company’s Board of Directors. 
 f. Other
Employee Benefits. Ms. Britt will be eligible to participate in any other group employee benefit plan that is generally available to all Company employees, so long as Ms. Britt meets the applicable eligibility requirements of
individual benefit plan and subject to the terms and conditions of each benefit plan. 
 4. Ms. Britt’s Death or Inability to Perform

 In the event of Ms. Britt’s death, this Agreement and the Company’s obligation to pay Ms. Britt’s salary and
other compensation automatically end. If Ms. Britt becomes unable to perform her employment duties during the Term of this Agreement, and she has no paid leave of absence available to her, her compensation under this Agreement shall
automatically end until such time as Ms. Britt becomes able to resume her job duties for the Company. In the event that Ms. Britt becomes unable to perform her employment duties for a cumulative period of twelve weeks within any span of
twelve months, this Agreement and Ms. Britt’s employment will be automatically terminated. In such case, Ms. Britt’s unpaid salary and compensation and unvested equity compensation shall automatically terminate and forfeit.

 5. Termination by Company for Cause. 
 The Company may terminate this Agreement and Ms. Britt’s employment “for Cause” at any time with or without notice. As used herein, “for Cause” shall mean any one of the following:

  

	 	•	 	 Ms. Britt’s habitual neglect of her job duties and responsibilities; or 

  

	 	•	 	 Commission of any felony; or 

  

	 	•	 	 Commission of a material act of dishonesty or a material breach of a fiduciary duty; or 

  

 3 

	 	•	 	 Commission of a serious violation of any of the Company’s personnel policies, including but not limited to violations of the Company’s policies against
any form of harassment; or 

  

	 	•	 	 A material breach of this Agreement. 

 In the event
Ms. Britt is terminated “for Cause,” her pay and benefits shall end on her last date of employment and any unvested benefits shall forfeit, and Ms. Britt shall be entitled to no other compensation from that day forward.

 6. Termination by Company Without “Cause” 
 a. Severance Pay. The Company may terminate this Agreement and Ms. Britt’s employment without Cause at any time and for any reason upon written notice to Ms. Britt. In the event that the Company
terminates Ms. Britt’s employment without Cause, the Company will pay Ms. Britt severance pay in installments in the aggregate amount of the greater of: (a) the amount of remaining Base Salary described in Paragraph 3.a hereof
that would otherwise have been payable for the remainder of the Term; or (b) an amount equal to six (6) months of Base Salary described in Paragraph 3.a hereof. Ms. Britt shall be required to execute a Severance Agreement and General
Release in a form that is reasonably satisfactory to both parties in order to receive severance pay. Ms. Britt shall not be entitled to any compensation or benefits from the date of her termination forward. Any severance pay owed to
Ms. Britt shall be offset by any repayments owed by Ms. Britt pursuant to the terms of the Relocation Expense Agreement attached hereto as Appendix A. 
 b. Other Severance Policies. Ms. Britt and the Company acknowledge that, as of the date of this Agreement, the Company is considering implementing certain policies and procedures for severance pay to be
provided to certain employees in the event of termination. Ms. Britt and the Company agree that, to the extent Ms. Britt is covered by any such policy, Ms. Britt shall not be eligible for benefits under Paragraph 6.a hereof. In the
event that the severance payment that Ms. Britt might otherwise have had available to her under Paragraph 6.a would be greater than the severance payment Ms. Britt would receive in the event of her termination under any Company severance policy
created during the Term, the Company will “buy out” the difference. 
 7. Termination of Agreement by Ms. Britt 
 Ms. Britt may terminate this Agreement and her employment with the Company upon thirty (30) days prior written notice to the Company. In such
case, Ms. Britt may be required to perform her business duties and will be paid her regular salary up to the date of termination. At the option of the Company, the Company may require Ms. Britt to depart from the Company at any time during
such thirty (30) day period upon receiving said thirty (30) days notice from Ms. Britt of the termination of the Agreement, and in such event, the Company shall only be required to pay Ms. Britt for the balance of her salary and
benefits for that workweek, and not be required to continue to pay Ms. Britt any salary or benefits for the remainder of the thirty (30) day period. 
  

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 8. Cooperation 
 Upon the termination of this Agreement for any reason, Ms. Britt agrees to cooperate with the Company in effecting a smooth transition of the management of the Company with respect to the duties and
responsibilities which Ms. Britt performed for the Company. Further, after termination of this Agreement, Ms. Britt will upon reasonable notice furnish such information and proper assistance to the Company as it may reasonably require in
connection with any litigation to which the Company is or may become a party. 
 9. Covenant Not To Compete and Non-Solicitation Agreement.

 Ms. Britt agrees to properly execute an “Agreement Regarding Confidentiality of Information and Prohibition on Soliciting
employees” (Appendix B hereto) and a “Non-Competition Agreement” (Appendix C hereto). The terms of those agreements are incorporated by reference and made part of this Agreement as if fully set forth in this Paragraph 9. The
Restrictive covenants in those agreements shall survive the termination or expiration of this Agreement and/or the termination of Ms. Britt’s employment for any reason. 
 10. Resolution of Disputes by Arbitration 
 Any claim or controversy that arises out of or relates to
this Agreement, or the breach of it, will be resolved by arbitration in the City of Miami in accordance with the rules then obtaining of the American Arbitration Association. Judgment upon the award rendered may be entered in any court possessing
jurisdiction over arbitration awards. This Section shall not limit or restrict the Company’s right to obtain injunctive relief for violations of the “Agreement Regarding Confidentiality of Information and Prohibition on Soliciting
employees” and a “Non-Competition Agreement” referred to in Paragraphs 9 of this Agreement. 
 11. Adequate Consideration 

Ms. Britt expressly agrees that the Company is providing adequate, reasonable consideration for the obligations imposed upon her in this
Agreement. 
 12. Effect of Prior Agreements. 
 This Agreement and its appendices supersede any prior verbal or written agreement or understanding between the Company and Ms. Britt except as otherwise expressly set forth herein. 
  

 5 

 13. Limited Effect of Waiver by Company 
 If the Company waives a breach of any provision of this Agreement by Ms. Britt, that waiver will not operate or be construed as a waiver of other
breaches of this Agreement by Ms. Britt. 
 14. Severability 
 If any provision of this Agreement is held invalid for any reason, said invalidity shall not affect the enforceability of any other provision of this Agreement, and all other provisions of this Agreement will remain
in effect. 
 15. Assumption of Agreement by Company’s Successors and Assigns. 
 At the Company’s sole option, the Company’s rights and obligations under this Agreement will inure to the benefit of and be binding upon the
Company’s successors and assigns. Ms. Britt may not assign her rights and obligations under this Agreement. 
 16. Applicable Law

 Ms. Britt and the Company agree that this Agreement shall be subject to and enforceable under the laws of the State of Florida.

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the 2 day of March, 2009. 
  

							
	Perry Ellis International, Inc.	 	Anita Britt
				
	 By:
	 	 /s/ Fanny Hanono
	 		 	 /s/ Anita Britt

  

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 APPENDIX “A” 
 RELOCATION EXPENSE AGREEMENT 
 This RELOCATION EXPENSE AGREEMENT
(hereinafter, “Agreement”) is entered into by and between PERRY ELLIS INTERNATIONAL, INC., (“PERRY ELLIS”), and ANITA BRITT (“MS. BRITT”). 
 WHEREAS, MS. BRITT has agreed to become employed by PERRY ELLIS as Chief Financial Officer; and 
 WHEREAS,
PERRY ELLIS has agreed to reimburse MS. BRITT for certain expenses related to MS. BRITT’s relocation to South, Florida; and 
 WHEREAS,
the parties hereto desire to set forth in this Agreement the terms and conditions of MS. BRITT’s reimbursement of relocation expenses and her repayment of a portion of those benefits in the event she leaves employment as described herein;

 NOW, THEREFORE, the parties agree as follows: 
 1. Execution of Agreement and Effective Date. This Agreement is effective on the date it is signed by both parties (the “Effective Date”). 
 2. Reimbursement of Relocation Expenses. 
 A. Reimbursement for Temporary Housing. PERRY
ELLIS will reimburse MS. BRITT for the reasonable cost of temporary housing incurred up to July 31, 2009. Reimbursements shall be limited to rent payments and utility costs. No reimbursement will be granted for property damage or any extraneous
charges that result from MS. BRITT occupying the temporary housing. 
 B. Relocation Services. PERRY ELLIS will provide relocation
services to MS. BRITT associated with her relocation to South Florida. MS. BRITT shall be required to use a vendor approved by PERRY ELLIS. MS. BRITT must submit receipts for any expenses reimbursable under this paragraph to the applicable vendor
providing relocation services. 
 C. Limitation on Aggregate Reimbursement. The total aggregate amount reimbursable to MS. BRITT or
payable on her behalf under Paragraph 2.B shall be no greater than One Hundred Fifty Thousand Dollars ($150,000.00). 
 D. Round Trip Air
Fare. PERRY ELLIS will reimburse MS. BRITT for the cost of one round trip coach class airline ticket purchased during each full month beginning the first full month after the Effective Date and ending in June, 2009. Travel arrangements should be
made through a travel agent designated by PERRY ELLIS. 
 E. Repayment of Housing and Moving Expenses and Airfare. MS. BRITT agrees to
repay to PERRY ELLIS a prorated portion of any money paid to her under Paragraphs 2.A or 2.B or 2.D in the event that she, at any time prior to the second anniversary of the Effective Date: (1) resigns from employment; (2) retires from
employment; or (3) is terminated from employment for “cause” as defined in Paragraph 5 of the written Employment Agreement between MS. BRITT and PERRY ELLIS. The prorated amount 

  

 1 

 
payable by MS. BRITT shall be calculated by multiplying the total amount of money paid to MS. BRITT or on her behalf under Paragraphs 2.A and 2.B and 2.D by
a fraction determined on the date of MS. BRITT’s termination, the numerator of which is the number of months remaining until the second anniversary of the Effective Date, the denominator of which is twenty-four (24). PERRY ELLIS shall be
entitled, in addition to any other remedies, to set-off any repayment owed by MS. BRITT under this Paragraph 2.E against any final compensation or severance pay owed to MS. BRITT. 
 3. Governing Law and Interpretation. This Agreement shall be governed by and construed in accordance with the laws of the State of Florida. Its language shall be construed as whole, according to
its fair meaning, and not strictly for or against either party. 
 4. Severability. Should any provision of this Agreement be declared illegal
or unenforceable by any court of competent jurisdiction and cannot be modified to be enforceable, such provision shall immediately become null and void, leaving the remainder in full force and effect. 
 5. Headings. Section headings are used herein for convenience of reference only and shall not affect the meaning of any provision of this Agreement.

 6. Disputes. In the event of a dispute as to the interpretation, application or violation of this Agreement, it is understood and
agreed that such dispute shall be submitted to final and binding arbitration in Miami-Dade County, Florida, pursuant to the rules of the American Arbitration Association. 
 7. Reasonable Time to Consider Signing Agreement. MS. BRITT acknowledges that she has been given a reasonable period of time to consider whether to sign this Agreement. 
 8. Encouragement to Consult Attorney. PERRY ELLIS hereby encourages MS. BRITT to consult her attorney before signing this Agreement. 
 THE PARTIES HAVE READ, UNDERSTOOD AND FULLY CONSIDERED THE AGREEMENT AND ARE MUTUALLY DESIROUS OF ENTERING INTO SUCH AGREEMENT. 
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date set forth below. 
  

									
	PERRY ELLIS INTERNATIONAL, INC.	 		 	ANITA BRITT
				
	By:	 	 /s/ Fanny Hanono
	 		 	 /s/ Anita Britt

	Date:	 	 3/2/09
	 		 	Date:	 	 3/2/09

  

 2

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