1
EXHIBIT 10.1
THIRD AMENDMENT TO
FOURTH AMENDED AND RESTATED
LIMITED PARTNERSHIP AGREEMENT OF
FIRST INDUSTRIAL, L.P.
The undersigned, being the sole general partner of First Industrial, L.P.
(the "Partnership"), a limited partnership formed under the Delaware Revised
Uniform Limited Partnership Act and pursuant to the terms of that certain
Fourth Amended and Restated Limited Partnership Agreement, dated June 6, 1997
(as amended by the first amendment thereto dated June 20, 1997 [the "First
Amendment"] and the second amendment thereto dated June 30, 1997 [the "Second
Amendment"], collectively, the "Partnership Agreement"), does hereby amend the
Partnership Agreement as follows:
Capitalized terms used but not defined in this Third Amendment shall have
the same meanings that are ascribed to them in the Partnership Agreement.
1. Additional Limited Partners. The Persons identified on Schedule 1
hereto are hereby admitted to the Partnership as Additional Limited Partners
owning the number of Units and having made the Capital Contributions set forth
on such Schedule 1. Such persons hereby adopt the Partnership Agreement.
2. Schedule of Partners. Exhibit 1B to the Partnership Agreement is
hereby deleted in its entirety and replaced by Exhibit 1B hereto which
identifies the Partners following consummation of the transactions referred to
in Section 1 hereof.
3. Protected Amounts. In connection with the transactions consummated
pursuant to that certain Contribution Agreement (the "Contribution Agreement"),
dated June 30, 1997, by and between FR Acquisitions, Inc., a Maryland
corporation (it having assigned its entire right, title and interest in and to
the Contribution Agreement to the Partnership), and the other parties listed on
the signature pages of the Contribution Agreement, certain Protected Amounts
are being established for the Additional Limited Partners admitted pursuant to
this Third Amendment, which Protected Amounts are reflected on Exhibit 1D
attached hereto and shall be incorporated as part of Exhibit 1D of the
Partnership Agreement.
4. Ratification. Except as expressly modified by this Third Amendment,
all of the provisions of the Partnership Agreement are affirmed and ratified
and remain in full force and effect.
Dated: July 18, 1997
[THE REMAINDER OF THIS PAGE HAS BEEN LEFT INTENTIONALLY BLANK;
SIGNATURE PAGE TO FOLLOW]
2
IN WITNESS WHEREOF, the undersigned has executed this Amendment as of the
date first written above.
FIRST INDUSTRIAL REALTY TRUST, INC.,
as sole general partner of the Partnership
By: _________________________________
Name:________________________
Title:_______________________
2
3
EXHIBIT 1B
SCHEDULE OF PARTNERS
GENERAL PARTNER NUMBER OF UNITS
- --------------- ---------------
First Industrial Realty Trust, Inc. 30,135,617
LIMITED PARTNERS
- ---------------
Daniel R. Andrew, TR of the Daniel R.
Andrew Trust UA Dec 29 92 137,489
BK Columbus Venture 24,789
John E. de B Blockey, TR of the John E.
De B Blockey Trust 8,187
Michael W. Brennan 7,587
Edward Burger 9,261
National Discount Brokers
NBD Acct. # 4KB-432708 770
National Discount Brokers
NBD Acct. # 4KB-432690 770
4
LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
Henry D. Bullock & Terri D. Bullock TR
of the Henry D. & Terri D. Bullock
Trust UA Aug 28 92 12,551
Michael G Damone, TR of the Michael G.
Damone Trust UA Nov 4 69 144,296
Robert L. Denton 6,286
Henry E. Dietz Trust UA Jan 16 81 36,476
W. Allen Doane TR of the W. Allen
Doane Trust UA May 31, 91 4,416
Timothy Donohue 2,000
Farlow Road Associates Limited Partnership 2,751
Thelma C. Gretzinger Trust 450
Clay Hamlin & Lynn Hamlin JT TEN WROS 15,159
Highland Associates Limited Partnership 69,039
Robert W. Holman Jr. 150,134
Steven B. Hoyt 220,080
5
LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
Frederick K. Ito 3,880
Michael W. Jenkins 3,831
Peter Kepic 9,261
Paul T. Lambert 39,737
Lambert Investment Corporation 13,606
LGR Investment Fund Ltd 22,556
Duane Lund 617
Eileen Millar 2,880
Linda Miller 2,000
Peter Murphy 56,184
Anthony Muscatello 81,654
North Star Associates Limited Partnership 19,333
Arden O'Connor 63,845
6
LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
Peter O'Connor 66,181
Shidler Equities LP 254,541
Eduardo Paneque 2,000
Partridge Road Associates Limited Partnership 2,751
James C. Reynolds 38,697
Shadeland Associates Limited Partnership 42,976
Shadeland Corporation 4,442
Jay H. Shidler 65,118
Jay H. Shidler & Wallette A. Shidler
TEN ENT 1,223
Michael B. Slade 2,829
Kevin Smith 13,571
Robert Stein 56,778
S. Larry Stein 56,778
7
LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
Jonathan Stott 130,026
Michael T. Tomasz 23,868
Mark S. Whiting 25,206
Holman/Shidler Investment Corporation 22,079
Joseph Dresner 149,531
The Milton Dresner Revocable Trust
dated October 22, 1976 149,531
The Jack Friedman Revocable Living Trust
dated March 23, 1978 26,005
Jernie Holdings Corp. 180,499
Fourbur Family Co., L.P. 50,478
Fourbur Co., L.L.C. 27,987
Jerome Lazarus 18,653
Constance Lazarus 417,961
Susan Burman 523,155
8
LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
Judith Draizin 331,742
Jan Burman 18,653
Danielle Draizin 6,538
Heather Draizin 6,538
Jason Draizin 13,078
Charles T. Andrews 754
Perry C. Caplan 1,388
Charles S. Cook and
Shelby H. Cook, tenants in the entirety 634
George L. Cramer, Jr. 2,262
Darwin B. Dosch 1,388
Charles F. Downs 1,508
Fitz & Smith Partnership 3,410
Dennis G. Goodwin and
Jeannie L. Goodwin, tenants in the entirety 6,166
9
LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
Internal Investment Company 3,016
Thomas J. Johnson, Jr. and
Sandra L. Johnson, tenants in the entirety 2,142
Nourhan Kailian 2,183
Craig R. Martin 754
Joseph Musti 1,508
Dean A. Nachtigall 10,076
Jack F. Ream 1,071
Glenn C. & Linda A. Rexroth 2,142
Andre G. Richard 1,508
Edward C. Roberts and
Rebecca S. Roberts, tenants in the entirety 8,308
W.F.O. Rosenmiller 634
Edward Jon Sarama 634
10
LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
David W. Smith, and
Doris L. Smith, tenants in the entirety 754
Gary L. Smith and
Joyce A. Smith, tenants in the entirety 1,508
SRS PARTNERSHIP 2,142
Barry L. Tracey 2,142
Malcolm Properties, L.L.C. 25,342
R.C.P. Associates,
a New Jersey limited partnership 3,060
The Worlds Fair V Associates,
a New Jersey general partnership 3,340
The Worlds Fair 25 Associates, a Limited Partnership,
a New Jersey limited partnership 13,677
The Worlds Fair Office Associates,
a New Jersey general partnership 3,343
South Broad Company,
a New Jersey limited partnership 22,534
Gamma Three Associates Limited Partnership,
a New Jersey limited partnership 3,338
11
Ethel Road Associates,
a New Jersey limited partnership 29,511
Jayeff Associates Limited Partnership,
a New Jersey limited partnership 16,249
Suburban Roseland Associates, a Limited Partnership,
a New Jersey limited partnership 3,002
Worlds Fair Associates,
a New Jersey general partnership 6,134
Punia Company, L.L.C.,
a New Jersey limited liability company 7,117
New Land Associates Limited Partnership,
a New Jersey limited partnership 1,664
Worlds Fair Limited Partnership,
a New Jersey limited partnership 1,664
Montrose Kennedy Associates, 4,874
a New Jersey general partnership
12
EXHIBIT 1D
PROTECTED AMOUNTS
Montrose Kennedy Associates,
a New Jersey general partnership $188,290
13
SCHEDULE 1
Additional
Limited Partners Number of Units Capital Contribution
- ---------------- --------------- -----------------------
Montrose Kennedy
Associates, a New Jersey
general partnership 4,874 $144,722.00