IRC Retail Centers Inc Watch

from 10-Q/A 2 pages 05724 IRC Number Inland Real Estate Corporation Incorporated Under the Laws of the State of Maryland This Certificate Is Transferable in Cranford, Nj or New York, Ny See Reverse for Important Notice on Transfer Retrictions and Other Information Par Value $0.01 Per Share Cusip 457461 20 0 This Certifies That Specimen Is the Owner of Fully Paid Shares of Common Stock, Par Value $0.01 Per Share, of Inland Real Estate Corporation Transferable on the Books of the Company by the Holder Hereof in Person by Duty Authorized Attorney, Upon Surrender of This Certificate Properly Endorsed. This Certificate and the Shares Represented Hereby Are Issued and Shall Be Held Subject to All of the Provisions of the Company's Charter and Bylaws and Any Amendments Thereto. This Certificate Is Not Valid Until Countersigned and Registered by the Transfer Agent and Register. Witness the Facsimile Seal and the Facsimile Signatures of the Duty Authorized Officers of the Company. Dated Inland Real Estate Corporation Seal Corporate Maryland Secretary President Countersigned and Registered: Registrar and Transfer Company Transister Agent and Registrant by Authorized Signature

from S-3ASR 57 pages Indenture

from 8-K 84 pages Inland Real Estate Corporation 5.0% Convertible Senior Notes Due 2029 Indenture Dated as of August 10, 2010 Wells Fargo Bank, National Association, as Trustee

from S-4 85 pages Inland Real Estate Corporation % Convertible Senior Notes Due 2029 Indenture Dated as of , 2010 Wells Fargo Bank, National Association, as Trustee

from 8-K 3 pages Inland Real Estate Corporation 4.625% Convertible Senior Notes Due 2026 First Supplemental Indenture Dated as of May 17, 2010 Wells Fargo Bank, National Association, as Successor Trustee to Lasalle Bank National Association as Trustee

from S-3 62 pages Indenture

from 8-K 2 pages Registration Rights Agreement

from 8-K 14 pages Inland Real Estate Corporation 4.625% Convertible Senior Notes Due 2026 Indenture Dated as of November 13, 2006 Lasalle Bank National Association as Trustee

from POS AM ~1 page Indenture or similar

from S-11 1 page Specimen Stock Certificate

from S-11/A 1 page Speciman Stock Certificate

from S-11 1 page Specimen Stock Certificate

from S-11/A 1 page Specimen Stock Certificate

from S-11 1 page Stock Certificate