0001104659-08-067338 Sample Contracts

SECOND AMENDED AND RESTATED MANAGEMENT AGREEMENT
Management Agreement • October 31st, 2008 • Gramercy Capital Corp • Real estate investment trusts • New York

THIS SECOND AMENDED AND RESTATED MANAGEMENT AGREEMENT is made as of October 27, 2008 (this “Agreement”) by and between Gramercy Capital Corp., a Maryland corporation (the “Parent”), GKK Capital LP, a Delaware limited partnership (the “Operating Partnership” and with the Parent and Subsidiaries and other entities controlled by either of them, the “Company”), and GKK Manager LLC, a Delaware limited liability company (the “Manager”).

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SEVERANCE AGREEMENT
Severance Agreement • October 31st, 2008 • Gramercy Capital Corp • Real estate investment trusts • New York

This SEVERANCE AGREEMENT (“Agreement”) is made as of the 27th day of October, 2008, between Roger Cozzi (“Executive”) and Gramercy Capital Corp., a Maryland corporation (“Gramercy”), to be effective as of October 28, 2008 (the “Effective Date”). This Agreement is being entered into in connection with the Employment and Noncompetition Agreement, dated as of the date hereof, by and between GKK Manager LLC (the “Manager”) and Executive (as amended or superseded from time to time, the “Employment Agreement”).

TERMINATION OF AMENDED AND RESTATED OUTSOURCE AGREEMENT
Outsource Agreement • October 31st, 2008 • Gramercy Capital Corp • Real estate investment trusts • New York

This Termination of Amended and Restated Outsource Agreement (this “Agreement”), dated as of October 27, 2008, is made by and between GKK Manager LLC, a Delaware limited liability company (the “Manager”), and SL Green Operating Partnership, L.P., a Delaware limited liability company (“SL Green”).

TERMINATION OF AMENDED AND RESTATED ASSET SERVICING AGREEMENT
Asset Servicing Agreement • October 31st, 2008 • Gramercy Capital Corp • Real estate investment trusts • New York

This Termination of Amended and Restated Asset Servicing Agreement (this “Agreement”), dated as of October 27, 2008, is made by and between GKK Manager LLC, a Delaware limited liability company (the “Manager”), and SLG Gramercy Services LLC, a Delaware limited liability company (the “Servicer”).

AGREEMENT
Agreement • October 31st, 2008 • Gramercy Capital Corp • Real estate investment trusts

THIS AGREEMENT, dated as of October 27, 2008, is made by and among Gramercy Capital Corp., a Maryland corporation (“Parent”), GKK Capital LP, a Delaware limited partnership (the “Operating Partnership”), SL Green Operating Partnership, L.P., a Delaware limited partnership (“SLGOP”), the undersigned individual limited partners of the Operating Partnership (the “Individuals”) and GKK Manager LLC, a Delaware limited liability company (“Manager”).

SERVICES AGREEMENT
Services Agreement • October 31st, 2008 • Gramercy Capital Corp • Real estate investment trusts • New York

THIS SERVICES AGREEMENT, dated as of October 27, 2008 (this “Agreement”), by and among GKK Capital LP, a Delaware limited partnership (“GKKOP”), Gramercy Capital Corp., a Maryland corporation (“GKK” and, together with GKKOP, the “Company”), SL Green Operating Partnership, L.P., a Delaware limited partnership (“SLGOP”), and SL Green Realty Corp., a Maryland corporation (“SL Green” and, together with SLGOP, “SLG”). With respect to the obligations of the Company as set forth herein, such obligations shall be joint and several as between GKK and GKKOP.

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