MEZZANINE LOAN AGREEMENT Dated as of October 17, 2016 Between PLYMOUTH INDUSTRIAL 20 LLC, as Borrower and DOF IV REIT HOLDINGS, LLC, as LenderMezzanine Loan Agreement • March 29th, 2017 • Plymouth Industrial REIT Inc. • Real estate investment trusts • New York
THIS MEZZANINE LOAN AGREEMENT, dated as of October 17, 2016 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this “Agreement”), between DOF IV REIT HOLDINGS, LLC, a Delaware limited liability company, having an address at c/o Torchlight Investors, LLC, 475 Fifth Avenue, New York, New York 10017 (together with its successors and assigns, collectively, “Lender”), and PLYMOUTH INDUSTRIAL 20 LLC, a Delaware limited liability company, having an address at 260 Franklin Street, 19th Floor, Boston, Massachusetts 02110 (together with its permitted successors and assigns, collectively, “Borrower”).
Title of Document LIMITED LIABILITY COMPANY AGREEMENT Name of Company PLYMOUTH INDUSTRIAL 20 LLC Property Commercial Properties located in Georgia, Illinois, Kentucky, Maine, New Jersey, Ohio and Tennessee Members DOF IV PLYMOUTH PM, LLC PLYMOUTH...Limited Liability Company Agreement • March 29th, 2017 • Plymouth Industrial REIT Inc. • Real estate investment trusts • Delaware
This LIMITED LIABILITY COMPANY AGREEMENT (“Agreement”) is dated as of October 17th, 2016 (“Effective Date”) and is made between PLYMOUTH INDUSTRIAL 20 FINANCIAL LLC, a Delaware limited liability company (“Sponsor Member”) and DOF IV PLYMOUTH PM, LLC, a Delaware limited liability company (“Preferred Member”) and JENNIFER SCHWARTZ, an individual, and RICARDO BEAUSOLEIL, an individual, each as an Independent Manager (as hereinafter defined). The address and principal place of business and telephone and email addresses of each Member are set forth in Section 14.2. Exhibit A to this Agreement sets forth the definitions of capitalized words and phrases used in this Agreement as well as rules for interpreting other words and phrases. For good and valuable consideration, the receipt and adequacy of which are acknowledged, the Members agree to the following terms and conditions.
LOAN AGREEMENTLoan Agreement • March 29th, 2017 • Plymouth Industrial REIT Inc. • Real estate investment trusts • New York
THIS LOAN AGREEMENT, made as of October 17, 2016 (this “Agreement”), by and among AMERICAN GENERAL LIFE INSURANCE COMPANY, a Texas corporation (“AGLIC”), AMERICAN HOME ASSURANCE COMPANY, a New York corporation (“AHAC”), NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA., a Pennsylvania corporation (“NUFIC”), THE UNITED STATES LIFE INSURANCE COMPANY IN THE CITY OF NEW YORK, a New York corporation (“USLIC; and together with AGLIC, AHAC and NUFIC and their respective successors and assigns individually or collectively, as the context may require, “Lender”), each with an address at c/o AIG Investments, 777 S. Figueroa Street, 16th Floor, Los Angeles, California 90017-5800, and THE PARTIES SET FORTH ON SCHEDULE 1 ATTACHED HERETO, each a Delaware limited liability company (each individually a “Borrower”, and collectively, the “Borrowers”) with an address at c/o Plymouth Industrial REIT, Inc., 260 Franklin Street, 19th Floor, Boston, Massachusetts 02110.
PLYMOUTH INDUSTRIAL REIT, INC. BOSTON, MASSACHUSETTS 02110 Tel.: 617-340-6343 Fax: 617-936-4142Letter Agreement • March 29th, 2017 • Plymouth Industrial REIT Inc. • Real estate investment trusts
This letter (the “Letter Agreement”) sets forth our mutual understanding of the basic terms and conditions, as enumerated below, under which Torchlight Investors, LLC and/or its affiliated entities (collectively, “Torchlight”) and Plymouth REIT and/or its affiliated entities (collectively, “Plymouth”) will seek to modify the terms and conditions of certain agreements dated as of October 17, 2016 entered into between such parties in order to achieve the objective of structuring and proceeding with an initial public offering of shares of Plymouth REIT (the “Plymouth REIT IPO”), with D. A. Davidson & Co. serving as lead underwriter (“Davidson”) subject, in all cases, to the consent, if required,of any holder of existing indebtedness secured by the assets of Plymouth. All capitalized terms used herein but not otherwise defined herein shall have the meaning ascribed thereto in that certain Limited Liability Company Agreement of Plymouth Industrial 20 LLC dated October 17, 2016 (the “Pl 20 L
