SECOND AMENDMENT TO LIMITED PARTNERSHIP AGREEMENT OF PARKWAY PROPERTIES OFFICE FUND II, L.P.
SECOND AMENDMENT TO
PARKWAY PROPERTIES OFFICE FUND II, L.P.
THIS SECOND AMENDMENT TO LIMITED PARTNERSHIP AGREEMENT OF PARKWAY PROPERTIES OFFICE FUND II , L.P. (the "Partnership"), a Delaware limited partnership ("Amendment") is made as of August 8th, 2012 by and among, PPOF II, LLC, a Delaware limited liability company, as the sole general partner of the Partnership ("General Partner"), Parkway Properties LP, a Delaware limited partnership ("Parkway"), and Teacher Retirement System of Texas, a public pension fund and public entity of the State of Texas ("TRST" and together with Parkway, the "Limited Partners"). The General Partner and the Limited Partners are hereinafter sometimes referred to collectively as the "Partners".
WHEREAS, the Partners executed that certain Limited Partnership Agreement of Parkway Properties Office Fund, L.P. dated as of May 14, 2008, as amended by that certain First Amendment dated April 10 , 2011 (as amended, the "Partnership Agreement").
1.
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Capitalized Terms. All capitalized terms used herein but not defined herein shall
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have the meaning given to such terms in the Partnership Agreement.
2. Capital Commitment. The Partners have agreed to increase the Capital Commitment by a total of Twenty Million Dollars ($20,000,000.00) to be funded seventy percent (70%) by TRST ($14,000,000) and thirty percent (30%) by Parkway ($6,000,000). This increase in the Committed Capital is being provided for the acquisition and improvement of the property being acquired in connection with the Xxxxxx Xxxxx Acquisition and Capital Contributions of such increased Committed Capital may only be used for permitted purposes under the Partnership Agreement, as amended, directly in connection with the Xxxxxx Xxxxx Acquisition.
3. Xxxxxx Xxxxx Acquistion. The Investment Period shall be extended for the sole purpose of including the closing of the Xxxxxx Xxxxx Acquisition.
4. Conflicts. In recognition of TRST's increase of its Capital Commitment, the General Partner makes the representations, warranties and other statements in Section 14.4(b) of the Partnership Agreement with respect to TRST's increased Capital Commitment. For the purpose of such representations, warranties and other statements, Exhibit E of the Partnership Agreement is hereby deleted and shall be replaced in its entirety with Exhibit E attached hereto.
5. Exhibit F. Exhibit F of the Partnership Agreement is hereby deleted and shall be replaced in its entirety with Exhibit F attached hereto.
6. No Other Amendments. In all other respects the Partnership Agreement shall remain in full force and effect as executed by the Partners. Except as expressly stated in this Amendment, all other terms and provisions of the Partnership Agreement shall apply to the Xxxxxx Xxxxx Acquisition.
7. Facsimile/PDF Signatures. In order to expedite the execution of this Amendment, telecopied or PDF signatures may be used in place of original signatures on this Amendment. Partners intend to be bound by the signatures on the telecopied or PDF document, are aware that the other party will rely on such signatures, and hereby waive any defenses to the enforcement of the terms of this Amendment based on the form of signature.
8. Counterparts. This Amendment may be executed and delivered in any number of counterparts, each of which so executed and delivered shall be deemed to be an original and all of which shall constitute one and the same instrument.
Signatures to follow on next page
GENERAL PARTNER:
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PPOF II, LLC, a Delaware limited liability company
By:__________________________
Name:________________________ Title:_________________________ By:__________________________
Name:________________________ Title:_________________________ |
PARKWAY:
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PARKWAY PROPERTIES LP, a Delaware limited partnership
By: Parkway Properties General Partners, Inc., a Delaware corporation, its sole general partner
By:__________________________
Name:________________________ Title:_________________________ By:__________________________
Name:________________________ Title:_________________________ |
TRST:
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TEACHER RETIREMENT SYSTEM OF TEXAS, a public pension fund and public entity of the State of Texas
By:__________________________
Name:________________________ Title:_________________________ |
EXHIBIT E
TRS Persons
(8/7/12)
Board of Trustees
(Terms Expire August 31, 20xx)
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R. Xxxxx Xxxxx, Chairman (2017)
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Xxxxxx X. Xxxxxx (2011)*
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Xxxxxx Xxxxxxx (2011)*
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Xxxxx X. Xxxxxx (2011)*
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Charlotte Xxxxx Xxxxxxx Xxxxxxx (2013)
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Xxx Xxxxxxxxxx (2013)
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Xxxx X. XxXxxxxx (2013)
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Xxxx Xxxxx (2015)
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Xxxxxxxxxxx Xxxx (2015)
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Xxxxxxx Xxxxxxx (2015)
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T. Xxxxx Charleston (2017)
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Xxxxx Xxxxxx Xxxxx (2017)
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*Recently exited trustees.
Executive, Legal, Investment and Selected Staff
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Xxxxxx, Xxxx
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Xxxxx, Xxxxxx
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Xxxx, Xxx
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Xxxxxx, X.X.
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Xxxxx, Xxxxx
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Xxxxxxxx, Xxxxx
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Xxxxxxxx, Xxxxxxx
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Xxxxxx, Wm. Xxxxxx
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Xxxxx, Xxxxx
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Xxxxxxxxx, Xxxxxx
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Xxxxxxxx, Xxxxxx
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Xxxxxxxx, Xxxxxxx
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Xxxxx, Xxxxx
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Xxxxxx, Xxx
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Xxxxxxx, Xxxxxx
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Xxxxxxxxx, Xxxxxxxx
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Xxx, Xxxxx
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Xxxxx, Xxxxxx
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Xxxxxx, Xxxxxxx
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Xxxxxxx, Xxxxxxx
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Xxxxx, Xxxxx X.
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Xxxxxxxx, Xxxxxxx
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Xxxxx, Xxx
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Xxxxxx, Xxxxx
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Xxxxxxxxx, Xxx
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Xxxxx, Xxxxxx
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Xxxxxx, Xxxxxx
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Xxxxxx, Xxx
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Xxxxxx, Xxxxxxx
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Xxxxxxxx, Xxxx
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Xxxx, Xxxx
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Xxxxxx, Xxx
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Xxxxxx, Xxx
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Xxxxxxx, Xxxxx
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Xxxxxxx, Xxxx
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Xxxx, Xxxxxxx
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Xxxxxxxx, Xxxx-Xxxxxx
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Xxxxxxxx, Xxxxxxx
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Xxxxx, Xxxxx
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Xxxx, Xxxxxx
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Xxxxxxxxxxxx, Xxxxx
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Xxxxx, Xxxxxx
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Xxxxxxx, Xxxxxxxx
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Pan, Xxxxxxxxxxx
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Xxxxxxx, Xxxxxx
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Xxxxxxx, Xxx
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XxXxxxxxx, Xxxx
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Xxxxxxx, Xxxxx
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Xxxx, Xxxxxx
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Xxx Xxxxxxx, X X
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Xxxxxx, Xxx
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XxXxxxxxx, Xxxxx
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Xxxxxx, Xxx
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Xxxxxxxx, Xxxxxx
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Xxxx, Xxxxx
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Xxxxxxx, Xxx
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Xxxxx, Xxxx
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Xxxxxxx, Xxxxxx
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Pia, Xxxxxxx
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Xxxxxxxx, Xxxxxxxx
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Xxxx, Xxxxxx
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Xxxxx, Xxxx
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Xxxx, Xxxx
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Xxxx, Xxxxxxxxx
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Xxxxxx, Xxxxxx
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Xxxxxxxxx, Xxxxx
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Xxxxx, Xxxxx
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Xxxxxx, Xxxxxx
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Xxxxxxxx, Xxxxx
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Xxxxx, Xxxxxx
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Xxxx, Xxxxxx
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Xxxxxxxx, Xxxx
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Xxx, Xxxx
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Xxxxxxx, Xxxx
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Xxxx, Xxxxx
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Xxxxxxxxx, Xxxxxx
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Xxxxxxxx, Xxxxxxx
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Xxxxxxx, Xxxxxxx
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Xxxxxx, Xxxx
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Xxxxxx, Xxxxx
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Xxxxxxxx, Xxxxx
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Xxxxxxx, Xxxxxxxx
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Xxx, Xxxxx
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Xxxx, Xxxxxxxx
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Xxxxxxx, Xxxx
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Xxxxxxxx, Xxxxxx
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Xx, Xxxxxxxx
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Xxxxx, Xxxx
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Xxxxxx, Xxxx
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Xxx, Xxxxxxx
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Xxxx, Xxxxx
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Xxxxx, Xxxxxxx
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Xxxxxxx, Xxxxx
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Xxxxxxxxx, Xxxx
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Xxxxx, Xxx
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Xxxxxxx, Xxxxx
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Xxxxxxx, Xxxx
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Xxxx, Xxxxx
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Xxxxxxxx, Xxxxx
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Xxxxxx, Xxxxxxxx
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Xxxxxxx, Xxx
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Xxxxx, Xxx
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Xxxxx, Xxxxx
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Xxxxxx, Xxxx
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Xxxx, Xxxx
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Xxxxxxxx, Xxxxxxx
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Xxxx, Xxxxxx
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Xxxxx, Xxxxxxx
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Xxxx, Xxxxx
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Xxxxx, Xxxxx X.
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Xxxxx, Xxxxxxxx
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Xxxxx, Xxxxxxx (Xxxxx)
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Xxxxx, Xxxxxx
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Xxxx, Xxxxxxx
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Xxxxxxxx, Xxxx
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Xxxxxx, Xxxx Xxxxx
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Xxxxxx, Xxxxxx
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XxxXxxxxx, Xxxxx
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Xxxxxxxx, Xxxxx
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Xxxxxx, Xxxxxx
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Xxxxxx, Xxx
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Xxxxxxx, Xxxxx
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Xxxxx, Xxxxxx
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Xxxxxxx, Xxxxxx
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Xxxxxxx, Xxxxxxx
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Xxxxxxx, Xxxx
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Xxxx, Xxxx
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XxXxxxxxxx, Xxxxx
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Xxxxxxxx, Xxxxxx
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Xxxxx Xxxxx, Xxxxxxxx
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Xxxxxxxxx, Xxxx
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Xxxxxx, Xxxxx
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XxXxxxx, Xxxxxx
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Xxxxxxxxxx, Xxxxxx
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Xxxxx, Xxxxx
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Xxxx, Xxx
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Xxxx, Xxxxx E.
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Melesenko, Xxxxxx
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Xxxxxxx, Xxxxx
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Xxxxxxxx-Xxxxxxxx, Xxxx
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Xxxxx, Xxxx
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Xxxxxxx, Xxxx
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Xxxxxxx, Xxxxxxx
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Xxxxxxxx, Xxxxxxxxx
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Xxxx, Xxxxxx
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Xxxxx, Xxxxxxx
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Xxxxxxx, Xxxxx
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Xxxxx, Xxxxxxx
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TRS Persons - Continued
(8/7/12)
(8/7/12)
Investment Contractors
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Xxxxxxxx, Xxxxxx
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Gold, Xxxxxxx
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Xxxxxx, Xxxxx
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Xxxxxx, Xxxxx
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Xxxxxxxxx, Xxxx
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Xxxxxxxx, Xxxxxx
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Xxxxxxxxx, Xxxxx
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Xxxxxxx, Xxxxxxx
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Xxxxxxx, Xxxx
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Xxxx, Xxxxxx
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Xxxxxxx, West
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Xxxxxxxx, Xxxxxxx
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Xxxxx, Xxxx
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Xxxxxxxxxxx, Xxxxx
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Xxxxxxxxx, Xxxxxxxx
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Xxxx, XxXxx
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Xxxxxxx, Xxxx
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Xxxxxxx, Xxxx
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Van Eenemaan, Xxxxx
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Investment Consultants and Advisors
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Firm or Individual's Name
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Function
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Xxxxxx EnnisKnupp (Xxxxx Xxxxxxxx, Xxxxx Xxxx, Xxxxx X'Xxxxxxx, Xxxxx Xxxxxxxx)
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Pension Plan (investment consultant to board)
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Xxxxxxxx Xxxx Associates LLC (Xxxxx Xxxxxxx, Xxxx Xxxxxx)
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Pension Plan (investment consultant for private equity)
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Albourne America LLC (Xxxxx Xxxxxxxx, Xxxx Xxxxxxx)
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Pension Plan (investment consultant for hedge funds)
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Leading Edge Investment Advisors LLC (Xxxxxxx Xxx)
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Pension Plan (investment consultant for emerging managers)
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BlackRock Investment Management LLC (Arslan Mian, Xxxxx Xxxxx)
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Pension Plan (investment consultant for private equity co-investments)
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The Xxxxxxxx Group, Inc. (Xxxxx Xxxxx, Xxx Xxxxxx)
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Pension Plan (investment consultant β real estate)
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Xxxxx Xxxxx, Ph.D.
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Investment consultant to board
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Investment Counsel
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Firm Name
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Lawyers
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Fulbright & Xxxxxxxx LLP
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D. Xxxxxxx Xxxxxxxxx, Xx Xxxxx, Xxxxxx Xxxxx
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Xxxxxxx Xxxxxx, L.L.P.
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Xxxxx Xxxxxxxx, Xxxx Xxxxxxxx, Xxxxx Xxxxxxxxxxx, Xxxxxxx Xxxxx, Xxxxx Xxxxxxx, Xxxx Xxxxxxxx, Xxxx Xxxxx
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Xxxxxxxx Xxxx LLP
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Xxx Xxxxxxxx, Xxxxxxx Xxxxxxx, Xxxx Sale, Xxxxxx Xxxxxxx, Xxxxxx Xxxxxx
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EXHIBIT F
LIST OF PRIMARY EXECUTIVE OFFICERS OF PARKWAY AND PARKWAY PROPERTIES, INC.
Xxxxx X. Xxxxxxxx
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President and Chief Executive Officer
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Xxxxx X. X'Xxxxxx
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Executive Vice President
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Xxxxx X. Xxxxxx
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Executive Vice President
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M. Xxxxxx Xxxxxx
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Executive Vice President
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Xxxxx X. Xxxx
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Executive Vice President
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