1
EXHIBIT 10.3
FIFTH AMENDMENT TO
FOURTH AMENDED AND RESTATED
LIMITED PARTNERSHIP AGREEMENT OF
FIRST INDUSTRIAL, L.P.
As of August 1, 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 and the fourth amendment thereto dated
July 31, 1997, collectively, the "PARTNERSHIP AGREEMENT"), does hereby amend
the Partnership Agreement as follows:
Capitalized terms used but not defined in this Fifth 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 replace 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 Fifth 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 Fifth
Amendment, all of the provisions of the Partnership Agreement are affirmed and
ratified and remain in full force and effect.
[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. 30,141,117
LIMITED PARTNERS NUMBER OF UNITS
--------------- ---------------
Xxxxxx X. Xxxxxx, TR of the Xxxxxx X. 137,489
Xxxxxx Trust UA Dec 29 92
Xxxxxxx X. Xxxxxxx 754
XX Xxxxxxxx Venture 24,789
Xxxxxxx X. Xxxxxxx 7,587
National Discount Brokers NBD Acct.# 770
4KB-432690
National Discount Brokers NBD Acct.# 770
4KB-432708
Xxxxx X. Xxxxxxx & Xxxxx X. Xxxxxxx 12,551
TR of the Xxxxx X. & Xxxxx X. Xxxxxxx
Trust UA Aug 28 92
Xxxxxx Xxxxxx 9,261
Xxx Xxxxxx 18,653
Xxxxx Xxxxxx 523,155
Xxxxx X. Xxxxxx 1,388
Xxxxxxx X. Xxxx and Xxxxxx X. Xxxx, 634
tenants in the entirety
Xxxxxx X. Xxxxxx, Xx. 2,262
3
4
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxxxxx X. Xxxxxx, TR of the Xxxxxxx X. 144,296
Damone Trust UA Nov 4 69
Xxxxxx X. Xxxxxx 6,286
X. Xxxxx Xxxxx XX of the W. Xxxxx Xxxxx 4,416
Trust UA May 31, 91
Xxxxxxx Xxxxxxx 2,000
Xxxxxx X. Xxxxx 1,388
Xxxxxxx X. Xxxxx 1,508
Xxxxxxxx Xxxxxxx 6,538
Xxxxxxx Xxxxxxx 6,538
Xxxxx Xxxxxxx 13,078
Xxxxxx Xxxxxxx 331,742
Xxxxxx Xxxxxxx 149,531
Xxxxx Road Associates, a New Jersey limited 29,511
partnership
Xxxxxx Road Associates Limited Partnership 2,751
Fitz & Xxxxx Partnership 3,410
Fourbur Co., L.L.C. 27,987
Fourbur Family Co., L.P. 50,478
Gamma Three Associates Limited Partnership, 3,338
a New Jersey limited partnership
Xxxxxx X. Xxxxxxx and Xxxxxxx X. Xxxxxxx, 6,166
tenants in the entirety
4
5
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxx Xxxxxx & Xxxx Xxxxxx JT TEN WROS 15,159
Xxxxx X. Xxxxx Trust UA Jan 16 81 36,476
Highland Associates Limited Partnership 69,039
Xxxxxx X. Xxxxxx Xx. 150,134
Xxxxxx/Xxxxxxx Investment Corporation 22,079
Xxxxxx X. Xxxx 22,000
Internal Investment Company 3,016
Xxxxxxxxx X. Xxx 3,880
The Xxxx Xxxxxxxx Revocable Living Trust 26,005
dated March 23, 1978
Jayeff Associates Limited Partnership, 16,249
a New Jersey limited partnership
Xxxxxxx X. Xxxxxxx 3,831
Jernie Holdings Corp. 180,499
Xxxx X. xx Xxxxxxx, TR of the Xxxx X. 8,187
De B Blockey Trust
Xxxxxx X. Xxxxxxx, Xx. and Xxxxxx X. Xxxxxxx, 2,142
tenants in the entirety
Xxxxxxx Xxxxxxx 2,183
Xxxxx Xxxxx 9,261
Xxxxxxx Investment Corporation 13,606
Xxxx X. Xxxxxxx 39,737
Xxxxxxxxx Xxxxxxx 417,961
Xxxxxx Xxxxxxx 18,653
5
6
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
LGR Investment Fund Ltd 22,556
Xxxxxxx Properties, L.L.C. 25,342
Xxxxxxx Equities LP 254,541
Xxxxx Xxxx 617
Xxxxx X. Xxxxxx 754
Xxxxxx Xxxxxx 2,880
Xxxxx Xxxxxx 2,000
The Xxxxxx Xxxxxxx Revocable Trust 149,531
dated October 22, 1976
Montrose Xxxxxxx Associates, a New 4,874
Jersey general partnership
Xxxxx Xxxxxx 56,184
Xxxxxxx Xxxxxxxxxx 81,654
Xxxxxx Xxxxx 1,508
Xxxx X. Xxxxxxxxxx 10,076
New Land Associates limited 1,664
Partnership, a New Jersey limited
partnership
North Star Associates Limited 19,333
Partnership
Xxxxx X'Xxxxxx 63,845
Xxxxx X'Xxxxxx 66,181
Xxxxxxx Xxxxxxx 2,000
Xxxxxxxxx Road Associates Limited 2,751
Partnership
6
7
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
R.C.P. Associates, a New Jersey limited 3,060
partnership
Xxxx X. Xxxx 1,071
Xxxxx X. Xxxxxxx & Xxxxx X. Xxxxxxx 2,142
Xxxxx X. Xxxxxxxx 38,697
Xxxxx X. Xxxxxxx 1,508
Xxxxxx X. Xxxxxxx and Xxxxxxx X. 8,308
Xxxxxxx, tenants in the entirety
W.F.O. Xxxxxxxxxxx 634
Xxxxxx Xxx Xxxxxx 634
Shadeland Associates
Limite****************
*
*
************************
******************
*******************************
******************
*******************************
*******************************
**********************
*******************************
*******************************
****************
************
***************
*
*
*
*
*
*
7
8
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
********Xxxxx 130,026
Suburban Roseland Associates, a 3,002
Limited Partnerhip, a New Jersey
limited partnership
Xxxxxx X. Xxxxxxxxxx Trust 450
Xxxxxxx X. Xxxxxx 23,868
Xxxxx X. Xxxxxx 2,142
Xxxx X. Xxxxxxx 25,206
Worlds Fair Associates, a New Jersey 6,134
general partnership
The Worlds Fair Office Associates, a 3,343
New Jersey general partnership
Worlds Fair Partners Limited 1,664
Partnership, a New Jersey limited
partnership
Worlds Fair III Associates, a New 14,094
Jersey limited partnership
The Worlds Fair V Associates, a New 3,340
Jersey general partnership
The Worlds Fair 25 Associates, a 13,677
Limited Partnership, a New Jersey
limited partnership
Xxx Xxxxx Associates, a New Jersey 39,370
limited partnership
Xxxxx Company, L.L.C. 8,642
8
9
EXHIBIT 1D
PROTECTED AMOUNTS
Xxx Xxxxx Associates, a New $2,744,605
Jersey limited partnership
9
10
SCHEDULE 1
Additional
Limited Partners Number of Units Capital Contribution
---------------- --------------- --------------------
Xxx Xxxxx Associates, a 39,370 $1,158,256.54
New Jersey limited partnership
Xxxxx Company, L.L.C. 8,642 $254,251.44
10
