0001193125-09-066262 Sample Contracts

FIRST AMENDMENT TO LIMITED LIABILITY COMPANY AGREEMENT OF FPA/PRIP GOVERNOR PARK, LLC a Delaware limited liability company
Limited Liability Company Agreement • March 27th, 2009 • Paladin Realty Income Properties Inc • Real estate investment trusts

THIS FIRST AMENDMENT TO LIABILITY COMPANY AGREEMENT, dated as of December 19, 2008 (the “Effective Date”), amends that certain Limited Liability Company Agreement of FPA/PRIP GOVERNOR PARK, LLC, a Delaware limited liability company (the “Company”) dated December 19, 2008 (the “LLC Agreement”) and is made and entered into by FPA GOVERNOR PARK INVESTORS, LLC, a Delaware limited liability company (the “FPA Member”), and PRIP 5060/6310, LLC, a Delaware limited liability company (the “Paladin Member”) (collectively, the FPA Member and the Paladin Member are referred to herein as the “Members”) with reference to the following facts:

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FIRST AMENDMENT TO LEASE
Lease Amendment • March 27th, 2009 • Paladin Realty Income Properties Inc • Real estate investment trusts

THIS FIRST AMENDMENT (“Amendment”) is made effective as of the 25th day of March, 2009, and is in addition to and supplements the Master Lease Agreement dated December 20, 2008 (the “Master Lease”) by and between FPA Governor Park Associates, LLC, a Delaware limited liability company (“Landlord”) and Trinity Property Consultants, LLC, a California limited liability company (“Tenant”) for all vacant space located at 6310 Greenwich Drive and 5060 Shoreham Place, San Diego, California (the “Premises”).

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