1 EXHIBIT 10.3 FIFTEENTH AMENDMENT TO SIXTH AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT OF FIRST INDUSTRIAL, L.P. As of October 13, 2000, the undersigned, being the sole general partner of First Industrial, L.P. (the "PARTNERSHIP"), a limited...
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EXHIBIT 10.3
FIFTEENTH AMENDMENT TO
SIXTH AMENDED AND RESTATED
LIMITED PARTNERSHIP AGREEMENT OF
FIRST INDUSTRIAL, L.P.
As of October 13, 2000, 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 Sixth Amended and Restated Limited Partnership Agreement, dated
March 18, 1998 (as amended by the first amendment thereto dated April 1, 1998,
the second amendment thereto dated April 3, 1998, the third amendment thereto
dated April 16, 1998, the fourth amendment thereto dated May 20, 1998, the fifth
amendment thereto dated July 16, 1998, the sixth amendment thereto dated August
31, 1998, the seventh amendment thereto dated October 21, 1998, the eighth
amendment thereto dated October 30, 1998, the ninth amendment thereto dated
November 5, 1998, the tenth amendment thereto dated January 28, 2000, the
eleventh amendment thereto dated January 28, 2000, the twelfth amendment thereto
dated June 27, 2000, the thirteenth amendment thereto dated September 1, 2000
and the fourteenth amendment thereto dated October 13, 2000) (collectively the
"PARTNERSHIP AGREEMENT"), does hereby amend the Partnership Agreement as
follows:
Capitalized terms used but not defined in this Fifteenth 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 or
Substituted Limited Partners, as the case may be, owning the number of Units and
having made the Capital Contributions set forth on such SCHEDULE 1. Such persons
hereby adopt the Partnership Agreement. The undersigned acknowledges that those
of the Persons identified on SCHEDULE 1 hereto that are Substituted Limited
Partners have received their Partnership Interests from various Additional
Limited Partners, and the undersigned hereby consents to such transfers.
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 October 13, 2000, by and between the Partnership and Xxxxxxxx-Xxxxxx
Associates, an Illinois joint venture, certain Protected Amounts are being
established for the Additional Limited Partners admitted pursuant to this
Fifteenth 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 Fifteenth
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 Fifteenth Amendment
as of the date first written above.
FIRST INDUSTRIAL REALTY TRUST, INC.,
as sole general partner of the Partnership
By: /s/ Xxxxxxx X. Xxxxxx
------------------------------------------
Name: Xxxxxxx X. Xxxxxx
Title: Chief Financial Officer, Secretary
and Treasurer
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SCHEDULE 1
ADDITIONAL LIMITED PARTNERS
Additional or Substituted
Limited Partner Number of Units Capital Contribution
--------------- --------------- --------------------
Xxxxxx X. Xxxxxxxx 9,072 $281,596.70
Xxxxxx X. Xxx 9,072 281,596.70
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EXHIBIT 1B
SCHEDULE OF PARTNERS
GENERAL PARTNER NUMBER OF UNITS
--------------- ---------------
First Industrial Realty Trust, Inc. 30,892,739
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxxx Xxxxx 154
Xxxxxxx X. Xxxxx 307
Xxxxxxx X. Xxxxxxx 754
Xxxxxx X. Xxxxxx, TR of the Xxxxxx X. Xxxxxx Trust UA 137,489
Dec 29 92
The Xxxx Company 307
Xxxxxxx X. Xxxxxx 22,381
BSDK Enterprises 3,596
E. Xxxxxx Xxxxxxx 3,374
Xxxxxxx Xxxxx 8,031
Xxxxxx X. Xxxxx 1,141
Xxxxxx X. Xxxxx & Xxxx X. Xxxxx Co-Trustees of the 2,283
Xxxxxx X. Xxxxx & Xxxx X. Xxxxx Trust Dated 10/18/89
Xxxx Xxxxxx Trust of June 28, 1996 23,088
Xxxx Xxxxxxx 00
Xxx X. Xxxxxxx & Xxxxxxxx X. Xxxxxxx Trustees U/A dated 598
4/11/96
Xxxxx Xxxx 6,048
Xxxxxxxx Xxxx, Trustee U/A dated 3/5/97 FBO The Xxxxxxx 24,804
Bonn Revocable Living Trust
Xxxxxxx X. Xxxxxxx 3,806
Xxxxx X. Xxxxx & Xxxxx Xxxxx 307
Xxxxxx Xxxxx 2,123
Xxxxx X. Xxxxxxx & Xxxxx X. Xxxxxxx & Xxxxx Xxxxxxxxx TR 2,670
of the Xxxxxxx Childrens Education Trust UA Dec 20 94,
FBO Xxxxxxxx Xxxx Xxxxxxx
Xxxxx X. Xxxxxxx & Xxxxx X. Xxxxxxx & Xxxxx Xxxxxxxxx TR 2,670
of the Xxxxxxx Childrens Education Trust UA Dec 20 94,
FBO Xxxxxxxxx Xxxxxx Xxxxxxx
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxxx X. Xxxxxxx & Xxxxx X. Xxxxxxx TR of the Xxxxx X. & 6,766
Xxxxx X. Xxxxxxx Trust UA Aug 28 92
Xxxxxx Xxxxxx 9,261
Xxxxxxx Xxx O'Xxxxx Xxxxx 666
Xxxxxxxxx Xxxxxxx 5,007
Calamer Inc. 1,233
Xxxxx X. Xxxxxx 1,388
The Carthage Partners LLC 34,939
Xxxxxxxxx X. Xxxxxxxxx 307
Xxxxxxxx X. Xxxxxxxx 1,095
Cliffwood Development Company 64,823
Xxxxxxx Family Trust dated 5/6/69 162,985
Xxxxx Xxxxxxx 11,116
Xxxxxxx Xxxxxxx 17,369
Community Foundation of North Texas Inc. 4,000
Xxxxxxx X. Xxxx and Xxxxxx X. Xxxx, tenants in the 634
entirety
Xxxxxxxx Xxxxxx Coutret 7,327
Xxxxx Xxxxxxxx Xxxx 5,159
Xxxxxxxx Xxxxx Crow 2,602
Xxxxxxx X. Xxxxxx, TR of the Xxxxxxx X. Xxxxxx Trust UA 144,296
Nov 4 69
Xxxx X. De X. Xxxxxxx Trustee of The Xxxx X. De B. 8,653
Blockey Revocable Trust
Xxxxxx X. Xxxxxx 6,286
Xxxxx X. Xxxxx Trust U/A 01/16/81 36,476
Xxxxxx Xxxxx and Xxxxx Xxxxx, joint tenants 12,358
W Xxxxx Xxxxx Trust U/A 05/31/91 4,416
Xxxxxxx Xxxxxxx 100
Xxxxxx X. Xxxxx 1,388
Xxxxxxx X. Xxxxx 1,508
Xxxx and Xxxxxxxxx Xxxxx, joint tenants 000
Xxxxxxx Xxxxx 48
Draizin Family Partnership, LP 357,896
Xxxxxx X. Xxxxxxx 149,531
Xxxxxx X. Xxxxxxx Trustee of the Xxxxxx Xxxxxxx 149,531
Revocable Trust U/A 10/22/76
J. O'Xxxx Xxxxx, Sr. 513
ESAA Associates Limited Partnership 24,217
Xxxxxx Xxxxx 330
Xxxx X. Xxxxxxx 17,022
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxxxx Road Associates Limited Partnership 2,751
Xxxxxxxx X'Xxxxx Xxxxxxx 666
Xxxxxx Xxxxx 154
Xxxxxxxxxx Xxxxxxxxxxx 3,800
Xxxxxxxxx Xxxxxx Xxxxx Xxxxxxxxxxx XXX Dated 9/1/91 607
Fourbur Family Co., L.P. 588,273
Xxxx Trust dated 6/16/77 653
Xxxxx Xxxxxx Lifetime Trust dated 11/1/65 2,384
Xxxxx Xxxxxx-Xxxxx 12,173
Xxxxx X. Xxxxxx 12,173
Xxxxx X. Xxxxxx Lifetime Trust dated 11/1/72 2,384
Xxx Xxxxx Xxxxxx 10,665
Xxx Xxxxx Xxxxxx Lifetime Trust dated 11/1/65 2,384
Xxxxx Xxxxx 1,326
Xxxxx Xxxxx 3,177
Xxxx Xxxxxxxx Trustee of The Xxxx Xxxxxxxx Revocable 26,005
Living Trust U/A 3/23/78
Xxxxxx X. Xxxxxxxx 28,500
Xxxxx Xxxxx 14
J. Xxxxx Xxxxxxx 727
Xxxxxxx Family Trust dated 6/28/85 874
Xxxxxxxx X. Xxxxxxxx 9,387
Xxxxxx Xxxxxxxxx 922
Xxxxxx X. Xxxxxxx and Xxxxxxx X. Xxxxxxx, tenants in the 6,166
entirety
Xxxxxxx X. Xxxxxxxxx 330
Xxxxxxx Xxxxxxxxx and Xxxxxxxx Xxxxxxxxx, joint tenants 307
Xxxxxx X. Xxxxxxxxxx Trust 450
Xxxxxxx Xxxxxx 30,032
Xxxxxxx X. Xxxxx 24,028
Xxxxxxx Xxxxx 10,298
H/Airport GP Inc. 1,433
H L Investors LLC 4,000
H P Family Group LLC 103,734
Xxxxxx Hack Trustee U/A Dated 12/26/97 FBO The Xxxxxx X. 22,522
Hacking Trust
Xxxx Xxxxxx & Xxxx Xxxxxx, joint tenants 15,159
Xxx X'Xxxxx Trustee of The Xxxxxx X. Xxxxxxxxx 1,433
Testamentary Trust FBO Xxxxxxxxxxx X. O'Xxxxx
Xxxxxx Xxxxxxx 1,132
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxxx Xxxxxx 2,501
Xxxxxxxx Xxxxxxx 3,137
Xxxxx Xxxxxxx and Xxxxxxxx Xxxxxxx, joint tenants 7,979
Highland Associates Limited Partnership 69,039
Xxxxxx X. Xxxxxx and Xxxxxxx Xxx Xxxxxx Jt. Ten 55,000
Xxxxxx Xxxxxx 97
Xxxx Xxxxxx 2,612
Xxxxxx X. Xxxxxx Xx. 150,213
Xxxxxx/Xxxxxxx Investment Corporation 22,079
Xxxxxx X. Xxxx Living Trust dated 1/9/90 & Amended 3,591
12/16/96
Xxxxxx Trust dated 4/30/79 653
Xxxxxx X. Xxxx 175,000
Xxxxx Xxxxxxxx 307
Xxxxx X. Xxxxxxxx 154
Xxxxxxx Xxxxxx 15,016
Xxxxxxxxx X. Xxx & Xxxx X Xxx Xxxxxxxx X-X Dated 9/9/98 1,940
FBO The June X X Xxx Trust
Xxxxxxxxx X. Xxx Trustee U-A Dated 9/9/98 FBO The 1,940
Xxxxxxxxx X. Xxx Trust
JPG Investment 919
J P Trusts LLC 35,957
Xxxxxxx X. Xxxxxxx 460
Jernie Holdings Corp. 180,499
L. Xxxxx Xxxxxxx 3,196
Xxxxxxx Living Trust dated 2/18/83 1,078
Xxxxxx Xxxxxxx Jr. and Xxxxxx X. Xxxxxxx; tenants in the 2,142
entirety
Xxxxxx X. O'Xxxxx Xxxxx 665
Xxxxxxx Xxxx Xxxxxx 57
KEP LLC, a Michigan Limited Liability Company 98,626
Xxxxxxx Xxxxxxx 2,183
X X Xxxxxxxxxxxx P P K Xxxxxxxxxxxx & X X Xxxx - Xxxxxx 1,440
X. Xxxxxxxxxxxx Credit Shelter Trust
Xxxxx Xxxx 307
Xxxxx X. Xxxxxxx 166
Xxxxxxx Xxxxxxx Xx. Rollover XXX Dated 1/21/93 Custodian 656
Xxxxx Xxxxxx
Xxxxx Xxxxx 9,261
Xxxx Xxxxxxx 1,440
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Kirshner Family Trust #1 Dated 4/8/76 Xxxxxxx & Xxxxxxx 29,558
Kirshner Trustees
Kirshner Trust #4 FBO Xxxx Xxxxxxxx Dated 12/30/76 20,258
Xxxxxxx Xxxxxxxx Trustee
Xxxxxx Xxxxxxx 000
Xxxxx Xxxxx, xxxxxxx X-X dated 02/24/86 33,031
Xxxx X. Xxxxxxx Trustee of The Xxxx X. Xxxxxxx Revocable 15,184
Trust
Xxxxxxx X. Xxxxxxx, Xx. 3,374
Xxxxxxx Xxxxx 330
Xxxx X. Xxxxx 330
L P Family Group LLC 102,249
Xxxxxxx Investment Corporation 13,606
Xxxx X. Xxxxxxx 39,816
Xxxxxxx X. Xxxxxxx & Co. 2,493
Xxxxxxxxx Xxxxxxx 417,961
Xxxxxx Xxxxxxx 18,653
Princeton South at Lawrenceville LLC 4,692
Xxxxx Xxxxx 740
Xxxxx Xxxxxx 4,801
Xxxxxxx Xxxxxxx 664
Xxxxxx Xxxxxxx III 6,317
Xxxxx Xxxxxxx 4,781
Xxxxx Xxxx 617
Xxxxxxx Xxxxx 307
MCS Properties, Inc. 5,958
Xxxxxxx XxXxxxxxxx 623
XxXxxxx Management Inc. 5,478
Xxxxxxx X. Xxxxxx Trust dated 4/29/94 Xxxxxxx X. Xxxxxx 8,016
Trustee
Xxxxxxx Xxxx 17
Manor Properties 143,408
J. Xxxxxxx Xxxxxxxx 79
Xxxxx X. Xxxxxxx 636
Xxxxxx Xxxxxx 3,072
Xxxxx X. Xxxxxx 17,857
Xxxxx Xxxxxx 2,000
The Xxxxxx Xxxxxxx Revocable Trust UA October 22, 1976 79
Xxxx Xxxxxx Xxxxxx 7,327
Xxxxx Xxxxxx 56,184
Xxxxxxx Xxxxxxxxxx 81,654
Xxxxx Xxxxxx, Xx. 4,911
Xxxxxx Xxxxx 1,508
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxx X. Nachigall 10,076
Xxxx Xxxxxx 5,218
Xxxx Xxxxxxx 178
New Land Associates Limited Partnership 1,664
North Star Associates Limited Partnership 19,333
Xxxxxxxxx X. X'Xxxxx 832
Xxxxxxxxx X'Xxxxx Sturgis 000
Xxxxxx X. X'Xxxxx 000
Xxxxxx X. Xxxxxxx 5,289
Xxxx X. Xxxxxxx, Xx. 5,289
Xxxxxxx X. Xxxxxxx 5,289
Xxxxxx X. Xxxxxxx 5,289
Xxxxx X'Xxxxxx 13,845
Xxxxx X'Xxxxxx 66,181
Xxxxx Xxxxx 33,366
P & D Partners LP 1,440
Pacifica Holding Company 97,870
Xxxxxxxxx Road Associates Limited Partnership 2,751
Xxxxx X. Xxxxxx 1,816
Peegee LP 4,817
Xxxxxxxx Xxxxxx 000
Xxxxx X. Xxxxxxxx 3,912
Xxxxxxx Xxxx 2,879
Xxxxxx Family Trust dated 10/6/89 3,140
Xxxxx X. Xxxxx 557
Xxxxxxx Xxxxx 8,338
Xxxxx X. Xxxxxxx Revocable Trust Agreement, dated 161,036
December 13, 1976, as amended and restated on June 28,
1995
Xxxxxx X. Xxxxxx 37,674
Princeton South at Lawrenceville One 4,426
Xxxxxxx Xxxxx Individually and to the Admission of 000
Xxxxxxx Xxxxx
XXX LLC a Michigan Limited Liability Company 155
R E A Associates 8,908
Xxxxxxx Xxxxxx XXX dated 2/5/86 969
Xxxxxxx Xxxx 23
Xxxx X. Xxxx 1,071
Xxxxx Investment Fund Ltd. 22,556
Xxxxxxx X. Xxxxx 154
Xxxxx X. Xxxxxxxx 40,284
Xxxxx X. Xxxxxxx 1,508
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
RJB Ford City Limited Partnership an Illinois Limited 158,438
Partnership
RJB II Limited Partnership 40,788
Xxxxxx X. Xxxxxxx and Xxxxxxx X. Xxxxxxx, tenants in the 8,308
entirety
W.F.O. Xxxxxxxxxxx 634
Xxxxxx X. Xxxxx LTD 4,048
SPM Industrial LLC 5,262
SRS Partnership 2,142
Xxxxx Xxxx 2,156
Xxxxx X. Xxxx 3,364
Xxxxxxxx Xxxx 3,350
Xxxxxx Xxxx Sample 5,449
Xxxxxx Xxx Xxxxxx 634
Xxxxx X. Xxxxxx 2,708
Xxxxxx X. Xxxxxxxxx 740
Xxxxxx X. Xxxxxxxxx & Xxxxx Xxxxx Trustees of the Xxxxxx 740
Xxxxxxxxx 1992 Trust
Xxxxx X. Xxxxxxx 307
Sealy & Company, Inc. 37,119
Sealy Florida, Inc. 675
Xxxx X. Xxxxx 8,451
Sealy Professional Drive LLC 2,906
Sealy Real Estate Services, Inc. 148,478
Sealy Unitholder LLC 31,552
Xxxxx X. Xxxxx 40,902
Shadeland Associates Limited Partnership 42,976
Shadeland Corporation 4,442
Xxx Xxxxxx Trust Agreement dated March 16, 1978, as 422,340
restated on November 16, 1993
Xxxxxxx Xxxxxxxx Insurance Trust 16,540
Xxxxxxx X. Xxxxxxx 513
Xxx X. Xxxxxxx 68,020
Xxx X. Xxxxxxx and Xxxxxxxx X. Xxxxxxx, tenants in the 1,223
entirety
Xxxxxxx Equities LP 254,541
Siskel Family Partnership 11,359
Trustee U/A Dated 3/06/98 FBO The Xxxxxxx X. Xxxxxx & 3,802
Xxxxx Xxxxxxxx Community Property Trust
X.X. Xxxxxx Co. 106,265
Xxxxxx Investment Partnership 283,500
Xxxxxx Family Real Property Limited Liability Company 11,447
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxxxx Family Real Property Limited Liability Company 615
Xxxxxxx X. Xxxxxx Marital Trust u/w/d February 20, 1981 14,020
Xxxxxx X. Xxxxxx 27,636
Estate of Xxxxxx Xxxxx 3,912
Xxxxxxx X. Xxxxx 2,829
Xxxxx Xxxxx 13,571
Xxxxx Xxxxx 386
Xxxxxxx and Company 154
S. Xxxxx Xxxxx 63,630
Xxxxxxxx Xxxxx Trust dated August 1, 1989 794
Sterling Family Trust dated 3/27/80 3,559
Xxxxxxxx Xxxxx 80,026
Xxxxxx Xxxxxxx 77
Xxxxxxxx Xxxxxxx 410
TUT Investments I LLC 5,274
Xxxxxx X. Xxxxxxxx Trustee U/A Dated 12/31/98 FBO Xxxxxx 39,243
X. Xxxxxxxx Revocable Family Trust
Xxxxxxx X. Tomasz Trustee of the Xxxxxxx X. Xxxxxx Trust 36,033
U/A Dated 02-05-90
Xxxxx X. Xxxxxx 2,142
Xxxxxxx X. Xxxxxxx 2,906
Xxxxxx X. Xxx 9,072
WSW 1998 Exchange Fund LP 32,000
Xxxxx Xxxxxxxxx 338
Xxxxx X. Xxxxxxxx 330
Xxxxxxx Warsaw Living Trust 16,540
Xxxxxxx X. Xxxxxx, Xx. 41,119
Xxxxxxxx Xxxxxx-Xxxxxx 12,944
Xxxxxx Management Company 35,787
Xxxxx X. Xxxxxxx 1,688
Worlds Fair Partners Limited Partnership 1,664
Woslum, Inc. 2,427
Xxx X. Xxxxx Trustee of The Xxx X. Xxxxx Revocable Trust 37,780
Agreement dated February 14, 1984
Johannson Yap 1,680
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxxxxx X. Xxxxxxxxx Trustee of The Xxxxxxx X. Xxxxxxxxx 58,988
Living Trust dated October 15, 1990, as amended
Xxxxxx & Xxxxxx Xxxxxxxxx Joint Tenants 615
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EXHIBIT 1D
PROTECTED AMOUNTS
CONTRIBUTOR PARTNER PROTECTED AMOUNT
------------------- ----------------
Xxxxxx X. Xxxxxxxx *see below
Xxxxxx X. Xxx *see below
--------------------
* An amount equal to (a) the taxable gain, if any, that would be realized by
such Additional Limited Partner if such Additional Limited Partner were to
dispose of its Interest for no consideration other than the release or deemed
release of liabilities of the partnership assumed by or otherwise allocable to
such Additional Limited Partner under Code Section 752, as such hypothetical
gain is determined from time to time, less (b) such Additional Limited Partner's
share of "qualified nonrecourse financing" as defined in Code Section 465(b)(6)
and the Treasury Regulations thereunder, as such share is determined in
accordance with Treasury Regulations Section 1.752-3(a).
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