Exhibit 10.8
XXXXXXXX PROPERTIES ACQUISITION PARTNERS, L.P.
NINTH AMENDMENT TO THE SECOND AMENDED AND RESTATED AGREEMENT OF
LIMITED PARTNERSHIP OF XXXXXXXX PROPERTIES ACQUISITION PARTNERS, L.P.
RECITALS
X. Xxxxxx Real Estate Corporation desires to assign and Belmar
Realty Corporation ("ASSIGNEE") desires to acquire 0 Series B Cumulative
Redeemable Perpetual Preferred Units and 0 Series C Cumulative Redeemable
Perpetual Preferred Units (collectively, the "BELAIR UNITS") of Xxxxxxxx
Properties Acquisition Partners, L.P. (the "PARTNERSHIP").
B. Belcrest Realty Corporation desires to assign and Assignee
desires to acquire 500,000 Series B Cumulative Redeemable Perpetual Preferred
Units and 0 Series C Cumulative Redeemable Perpetual Preferred Units
(collectively, the "BELCREST UNITS") of the Partnership.
C. Argosy Realty Corporation desires to assign and Assignee
desires to acquire 0 Series B Cumulative Redeemable Perpetual Preferred Units
(the "ARGOSY UNITS") of the Partnership.
X. Xxxxxxx Realty Corporation desires to assign and Assignee
desires to acquire 0 Series B Cumulative Redeemable Perpetual Preferred Units
(the "BELPORT UNITS") of the Partnership.
E. Belrieve Realty Corporation desires to assign and Assignee
desires to acquire 0 Series B Cumulative Redeemable Perpetual Preferred Units
(the "BELRIEVE UNITS") of the Partnership.
Pursuant to Article XI of the Second Amended and Restated Agreement of
Limited Partnership, as amended (as so amended, the "AGREEMENT"), of the
Partnership, Xxxxxxxx Properties I, Inc. as the sole general partner of the
Partnership (the "GENERAL PARTNER"), desires to amend the Agreement to admit
Assignee as a Substitute Limited Partner with respect to the Belair Units,
Belcrest Units, Argosy Units, Belport Units and Belrieve Units.
NOW, THEREFORE, the General Partner hereby adopts the following
amendment to the Agreement.
1. Exhibit A to the Agreement is hereby amended and restated
in its entirety as set forth on EXHIBIT A attached hereto.
2. Assignee accepts and agrees to be bound by the terms and
provisions of the Agreement.
[Signature Page Follows]
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IN WITNESS WHEREOF, the General Partner and the Assignee have executed
this Ninth Amendment as of March 17, 2000.
GENERAL PARTNER
XXXXXXXX PROPERTIES I, INC.
By: /s/ XXXXXXX X. XXXXX
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Name: Xxxxxxx X. Xxxxx
Title: Chief Financial Officer
ASSIGNEE AND SUBSTITUTE LIMITED PARTNER:
BELMAR REALTY CORPORATION
By: /s/ XXXXXXX XXXXX
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Name: Xxxxxxx Xxxxx
Title: Vice President
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