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EXHIBIT 10.5
SEVENTH AMENDMENT TO
FOURTH AMENDED AND RESTATED
LIMITED PARTNERSHIP AGREEMENT OF
FIRST INDUSTRIAL, L.P.
As of September 30, 1997, 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 second amendment thereto dated June 30, 1997, the third
amendment thereto dated July 18, 1997, the fourth amendment thereto dated July
31, 1997, the fifth Amendment thereto dated August 1, 1997, and the Sixth
Amendment thereto dated August 29, 1997, collectively, the "PARTNERSHIP
AGREEMENT"), does hereby amend the Partnership Agreement as follows:
Capitalized terms used but not defined in this Seventh 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 September 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 Seventh 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 Seventh Amendment,
all of the provisions of the Partnership Agreement are affirmed and ratified
and remain in full force and effect.
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IN WITNESS WHEREOF, the undersigned has executed this Seventh Amendment as
of the date first written above.
FIRST INDUSTRIAL REALTY TRUST, INC., as
sole general partner of the Partnership
By:______________________________________
Name:_______________________________
Title:______________________________
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EXHIBIT 1B
SCHEDULE OF PARTNERS
GENERAL PARTNER NUMBER OF UNITS
- --------------- ---------------
First Industrial Realty Trust, Inc. 30,152,117
LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
Daniel R. Andrew, TR of the Daniel R. Andrew Trust UA Dec 29 92 137,489
Charles T. Andrews 754
BK Columbus Venture 24,789
Michael W. Brennan 7,587
Henry D. Bullock & Terri D. Bullock & Shawn Stevenson TR of 1,400
the Bullock Childrens Education Trust UA Dec 20 94, FBO
Benjamin Dure Bullock
Henry D. Bullock & Terri D. Bullock & Shawn Stevenson TR of 1,400
the Bullock Childrens Education Trust UA Dec 20 94, FBO
Christine Laurel Bullock
Henry D. Bullock & Terri D. Bullock TR of the Henry D. & Terri 10,891
D. Bullock Trust UA Aug 28 92
Edward Burger 9,261
Jan Burman 18,653
Susan Burman 523,155
Perry C. Caplan 1,388
Charles S. Cook and Shelby H. Cook, tenants in the entirety 634
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LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
George L. Cramer, Jr. 2,262
Michael G. Damone, TR of the Michael G.Damone Trust UA Nov 4 69 144,296
Robert L. Denton 6,286
W. Allen Doane TR of the W. Allen Doane Trust UA May 31, 91 4,416
Timothy Donohue 2,000
Darwin B. Dosch 1,388
Charles F. Downs 1,508
Danielle Draizin 6,538
Heather Draizin 6,538
Jason Draizin 13,078
Judith Draizin 331,742
Joseph Dresner 149,531
Ethel Road Associates, a New Jersey limited partnership 29,511
Farlow Road Associates Limited Partnership 2,751
Fitz & Smith Partnership 3,410
Foundation for Advanced Christian Training 60
Fourbur Co., L.L.C. 27,987
Fourbur Family Co., L.P. 50,478
Gamma Three Associates Limited Partnership, a New Jersey 3,338
limited partnership
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LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
Dennis G. Goodwin and Jeannie L. Goodwin, tenants in the 6,166
entirety
Clay Hamlin & Lynn Hamlin JT TEN WROS 15,159
Henry E. Dietz Trust UA Jan 16 81 36,476
Highland Associates Limited Partnership 69,039
Robert W. Holman Jr. 150,134
Holman/Shidler Investment Corporation 22,079
Steven B. Hoyt 220,000
Internal Investment Company 3,016
Frederick K. Ito 3,880
The Jack Friedman Revocable Living Trust dated March 23, 1978 26,005
Jayeff Associates Limited Partnership, a New Jersey limited 16,249
partnership
Michael W. Jenkins 3,831
Jernie Holdings Corp. 180,499
John E. de Blockey, TR of the John E. De B Blockey Trust 8,187
Thomas J. Johnson, Jr. and Sandra L. Johnson, tenants in the 2,142
entirety
Nourhan Kailian 2,183
Peter Kepic 9,261
Lambert Investment Corporation 13,606
Paul T. Lambert 39,737
Constance Lazarus 417,961
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LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
Jerome Lazarus 18,653
LGR Investment Fund Ltd 22,556
Malcolm Properties, L.L.C. 25,342
Shidler Equities LP 254,541
Duane Lund 617
Craig R. Martin 754
Menlo Park Presbyterian Church 230
Eileen Millar 2,880
Linda Miller 2,000
The Milton Dresner Revocable Trust dated October 22, 1976 149,531
Montrose Kennedy Associates, a New Jersey general partnership 4,874
Peter Murphy 56,184
Anthony Muscatello 81,654
Muskingum College 20
Joseph Musti 1,508
Dean A. Nachtigall 10,076
New Land Associates Limited Partnership, a New Jersey limited 1,644
partnership
North Star Associates Limited Partnership 19,333
Arden O'Connor 63,845
Peter O'Connor 66,181
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LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
Eduardo Paneque 2,000
Partridge Road Associates Limited Partnership 2,751
R.C.P. Associates, a New Jersey limited partnership 3,060
Jack F. Ream 1,071
Glenn C. Rexroth & Linda A. Rexroth 2,142
James C. Reynolds 38,697
Andre G. Richard 1,508
Edward C. Roberts and Rebecca S. Roberts, tenants in the 8,308
entirety
W.F.O. Rosenmiller 634
Edward Jon Sarama 634
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
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
Kevin Smith 13,571
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LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
South Broad Company, a New Jersey limited partnership 72,421
South Gold Company, a New Jersey general partnership 53,000
SRS Partnership 2,142
Robert Stein 56,778
S. Larry Stein 56,778
Jonathan Stott 130,026
Suburban Roseland Associates, a Limited Partnership, a New 3,002
Jersey limited partnership
Thelma C. Gretzinger Trust 450
Michael T. Tomasz 23,868
Barry L. Tracey 2,142
The UCLA Foundation - The Andersen School 20
Women at the Well 50
Worlds Fair Associates, a New Jersey general partnership 6,134
The Worlds Fair Office Associates, a New Jersey general 3,343
partnership
Worlds Fair Partners Limited Partnership, a New Jersey limited 1,664
partnership
Worlds Fair III Associates, a New Jersey limited partnership 14,094
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LIMITED PARTNERS NUMBER OF UNITS
- ---------------- ---------------
The Worlds Fair V Associates, a New Jersey general partnership 3,340
The Worlds Fair 25 Associates, a Limited Partnership, a New 13,677
Jersey limited partnership
Van Brunt Associates, a New Jersey limited partnership 39,370
Princeton South at Lawrenceville One, a New Jersey limited 4,692
partnership
RJB Ford City Limited Partnership, an Illinois partnership 158,438
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EXHIBIT 1D
PROTECTED AMOUNTS
None.
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SCHEDULE 1
Additional
Limited Partners Number of Units Capital Contribution
- ---------------- --------------- --------------------
RJB Ford City Limited
Partnership, an Illinois
limited partnership 158,438 $5,236,375.90