0000950123-11-018887 Sample Contracts

PS BUSINESS PARKS, L.P. AMENDMENT TO AGREEMENT OF LIMITED PARTNERSHIP RELATING TO 6.875% SERIES R CUMULATIVE REDEEMABLE PREFERRED UNITS
Redemption Agreement • February 25th, 2011 • Ps Business Parks Inc/Ca • Real estate investment trusts • California

This Amendment to the Agreement of Limited Partnership of PS Business Parks, L.P., a California limited partnership (the “Partnership”), dated as of October 15, 2010 (this “Amendment”), amends the Agreement of Limited Partnership of the Partnership, dated as of March 17, 1998, as amended, by and among PS Business Parks, Inc. (the “General Partner”) and each of the limited partners described on Exhibit A to that partnership agreement (the “Partnership Agreement”). Section references are (unless otherwise specified) references to sections in this Amendment.

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AMENDMENT NO. 1 TO NONQUALIFIED SHARE OPTION AGREEMENT
Nonqualified Share Option Agreement • February 25th, 2011 • Ps Business Parks Inc/Ca • Real estate investment trusts

This Amendment No. 1 to the Nonqualified Share Option Agreement (this “Amendment”) is made as of [ ], 2011 by and between PS Business Parks, Inc. (the “Corporation”), and [ ] (the “Optionee”), an individual who holds certain share options granted under the Corporation’s 2003 Stock Option and Incentive Plan (the “Plan”).

PS BUSINESS PARKS, INC. 2003 STOCK OPTION AND INCENTIVE PLAN STOCK OPTION AGREEMENT
2003 Stock Option and Incentive Plan Stock Option Agreement • February 25th, 2011 • Ps Business Parks Inc/Ca • Real estate investment trusts • California

This Stock Option Agreement (the “Option Agreement”) is made as of the ____ day of ______, 200__ (the “Grant Date”), by and between PS Business Parks, Inc. (the “Corporation”) and ______________, an Outside Director of the Corporation (the “Optionee”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Corporation’s 2003 Stock Option and Incentive Plan (the “Plan”).

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