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Previous: FIRST INDUSTRIAL REALTY TRUST INC, 10-Q, EX-10.1, 2000-11-14 |
Next: FIRST INDUSTRIAL REALTY TRUST INC, 10-Q, EX-10.3, 2000-11-14 |
<PAGE> 1
EXHIBIT 10.2
FOURTEENTH AMENDMENT TO
SIXTH AMENDED AND RESTATED
LIMITED PARTNERSHIP AGREEMENT OF
FIRST INDUSTRIAL, L.P.
As of October 13, 2000, the undersigned, being the sole general partner of
First Industrial, L.P. (the "PARTNERSHIP"), a limited partnership formed under
the Delaware Revised Uniform Limited Partnership Act and pursuant to the terms
of that certain Sixth Amended and Restated Limited Partnership Agreement, dated
March 18, 1998 (as amended by the first amendment thereto dated April 1, 1998,
the second amendment thereto dated April 3, 1998, the third amendment thereto
dated April 16, 1998, the fourth amendment thereto dated May 20, 1998, the fifth
amendment thereto dated July 16, 1998, the sixth amendment thereto dated August
31, 1998, the seventh amendment thereto dated October 21, 1998, the eighth
amendment thereto dated October 30, 1998, the ninth amendment thereto dated
November 5, 1998, the tenth amendment thereto dated January 28, 2000, the
eleventh amendment thereto dated January 28, 2000, the twelfth amendment thereto
dated June 27, 2000 and the thirteenth amendment thereto dated September 1,
2000) (collectively the "PARTNERSHIP AGREEMENT"), does hereby amend the
Partnership Agreement as follows:
Capitalized terms used but not defined in this Fourteenth Amendment shall
have the same meanings that are ascribed to them in the Partnership Agreement.
1. ADDITIONAL LIMITED PARTNERS. The Persons identified on SCHEDULE 1
hereto are hereby admitted to the Partnership as Additional Limited Partners or
Substituted Limited Partners, as the case may be, owning the number of Units and
having made the Capital Contributions set forth on such SCHEDULE 1. Such persons
hereby adopt the Partnership Agreement. The undersigned acknowledges that those
of the Persons identified on SCHEDULE 1 hereto that are Substituted Limited
Partners have received their Partnership Interests from various Additional
Limited Partners, and the undersigned hereby consents to such transfers.
2. SCHEDULE OF PARTNERS. EXHIBIT 1B to the Partnership Agreement is
hereby deleted in its entirety and replaced by EXHIBIT 1B hereto which
identifies the Partners following consummation of the transactions referred to
in Section 1 hereof.
3. PROTECTED AMOUNTS. In connection with the transactions consummated
pursuant to that certain Contribution Agreement (the "CONTRIBUTION AGREEMENT"),
dated October 13, 2000, by and between the Partnership and SWF Associates, an
Illinois joint venture, certain Protected Amounts are being established for the
Additional Limited Partners admitted pursuant to this Fourteenth Amendment,
which Protected Amounts are reflected on EXHIBIT 1D attached hereto and shall be
incorporated as part of EXHIBIT 1D of the Partnership Agreement.
4. RATIFICATION. Except as expressly modified by this Fourteenth
Amendment, all of the provisions of the Partnership Agreement are affirmed and
ratified and remain in full force and effect.
<PAGE> 2
IN WITNESS WHEREOF, the undersigned has executed this Fourteenth Amendment
as of the date first written above.
FIRST INDUSTRIAL REALTY TRUST, INC.,
as sole general partner of the Partnership
By: /s/ Michael J. Havala
-----------------------------------------
Name: Michael J. Havala
Title: Chief Financial Officer, Secretary
and Treasurer
2
<PAGE> 3
SCHEDULE 1
ADDITIONAL LIMITED PARTNERS
Additional or Substituted
Limited Partner Number of Units Capital Contribution
--------------- --------------- --------------------
Phyllis Warsaw Living Trust 16,540 $513,401.17
Robert L. Friedman 19,428 603,042.64
Frances Shankman Insurance Trust 16,540 513,401.17
3
<PAGE> 4
EXHIBIT 1B
SCHEDULE OF PARTNERS
GENERAL PARTNER NUMBER OF UNITS
--------------- ---------------
First Industrial Realty Trust, Inc. 30,892,739
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Kerry Acker 154
Sanders H. Acker 307
Charles T. Andrews 754
Daniel R. Andrew, TR of the Daniel R. Andrew Trust UA 137,489
Dec 29 92
The Arel Company 307
William J. Atkins 22,381
BSDK Enterprises 3,596
E. Donald Bafford 3,374
William Baloh 8,031
Edward N. Barad 1,141
Thomas K. Barad & Jill E. Barad Co-Trustees of the 2,283
Thomas K. Barad & Jill E. Barad Trust Dated 10/18/89
Enid Barden Trust of June 28, 1996 23,088
Emil Billich 77
Don N. Blurton & Patricia H. Blurton Trustees U/A dated 598
4/11/96
James Bolt 6,048
Harriett Bonn, Trustee U/A dated 3/5/97 FBO The Harriet 24,804
Bonn Revocable Living Trust
Michael W. Brennan 3,806
Alvin R. Brown & Helen Brown 307
Robert Brown 2,123
Henry D. Bullock & Terri D. Bullock & Shawn Stevenson TR 2,670
of the Bullock Childrens Education Trust UA Dec 20 94,
FBO Benjamin Dure Bullock
Henry D. Bullock & Terri D. Bullock & Shawn Stevenson TR 2,670
of the Bullock Childrens Education Trust UA Dec 20 94,
FBO Christine Laurel Bullock
4
<PAGE> 5
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Henry D. Bullock & Terri D. Bullock TR of the Henry D. & 6,766
Terri D. Bullock Trust UA Aug 28 92
Edward Burger 9,261
Barbara Lee O'Brien Burke 666
Ernestine Burstyn 5,007
Calamer Inc. 1,233
Perry C. Caplan 1,388
The Carthage Partners LLC 34,939
Magdalena G. Castleman 307
Terrance C. Claassen 1,095
Cliffwood Development Company 64,823
Collins Family Trust dated 5/6/69 162,985
Kelly Collins 11,116
Michael Collins 17,369
Community Foundation of North Texas Inc. 4,000
Charles S. Cook and Shelby H. Cook, tenants in the 634
entirety
Caroline Atkins Coutret 7,327
David Cleborne Crow 5,159
Gretchen Smith Crow 2,602
Michael G. Damone, TR of the Michael G. Damone Trust UA 144,296
Nov 4 69
John E. De B. Blockey Trustee of The John E. De B. 8,653
Blockey Revocable Trust
Robert L. Denton 6,286
Henry E. Dietz Trust U/A 01/16/81 36,476
Steven Dizio and Helen Dizio, joint tenants 12,358
W Allen Doane Trust U/A 05/31/91 4,416
Timothy Donohue 100
Darwin B. Dosch 1,388
Charles F. Downs 1,508
Greg and Christina Downs, joint tenants 474
Gregory Downs 48
Draizin Family Partnership, LP 357,896
Joseph S. Dresner 149,531
Milton H. Dresner Trustee of the Milton Dresner 149,531
Revocable Trust U/A 10/22/76
J. O'Neil Duffy, Sr. 513
ESAA Associates Limited Partnership 24,217
Martin Eglow 330
Rand H. Falbaum 17,022
5
<PAGE> 6
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Farlow Road Associates Limited Partnership 2,751
Patricia O'Brien Ferrell 666
Rowena Finke 154
Elizaabeth Fitzpatrick 3,800
Elizabeth Hutton Hagen Fitzpatrick IRA Dated 9/1/91 607
Fourbur Family Co., L.P. 588,273
Fred Trust dated 6/16/77 653
Aimee Freyer Lifetime Trust dated 11/1/65 2,384
Aimee Freyer-Valls 12,173
Carol P. Freyer 12,173
Carol P. Freyer Lifetime Trust dated 11/1/72 2,384
Lee Karen Freyer 10,665
Lee Karen Freyer Lifetime Trust dated 11/1/65 2,384
David Fried 1,326
Ester Fried 3,177
Jack Friedman Trustee of The Jack Friedman Revocable 26,005
Living Trust U/A 3/23/78
Robert L. Friedman 19,428
Nancy Gabel 14
J. Peter Gaffney 727
Gerlach Family Trust dated 6/28/85 874
Patricia O. Godchaux 9,387
Martin Goodstein 922
Dennis G. Goodwin and Jeannie L. Goodwin, tenants in the 6,166
entirety
Jeffrey L. Greenberg 330
Stanley Greenberg and Florence Greenberg, joint tenants 307
Thelma C. Gretzinger Trust 450
Stanley Gruber 30,032
Melissa C. Gudim 24,028
Timothy Gudim 10,298
H/Airport GP Inc. 1,433
H L Investors LLC 4,000
H P Family Group LLC 103,734
Vivian Hack Trustee U/A Dated 12/26/97 FBO The Vivian M. 22,522
Hacking Trust
Clay Hamlin & Lynn Hamlin, joint tenants 15,159
Lee O'Brien Trustee of The Martha J. Harbinson 1,433
Testamentary Trust FBO Christopher C. O'Brien
Turner Harshaw 1,132
6
<PAGE> 7
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Frank Harvey 2,501
Cathleen Hession 3,137
Edwin Hession and Cathleen Hession, joint tenants 7,979
Highland Associates Limited Partnership 69,039
Leland A. Hodges and Margery Ann Hodges Jt. Ten 55,000
Andrew Holder 97
Ruth Holder 2,612
Robert W. Holman Jr. 150,213
Holman/Shidler Investment Corporation 22,079
Robert S. Hood Living Trust dated 1/9/90 & Amended 3,591
12/16/96
Howard Trust dated 4/30/79 653
Steven B. Hoyt 175,000
Jerry Hymowitz 307
Karen L. Hymowitz 154
Seymour Israel 15,016
Frederick K. Ito & June Y Ito Trustees U-A Dated 9/9/98 1,940
FBO The June Y I Ito Trust
Frederick K. Ito Trustee U-A Dated 9/9/98 FBO The 1,940
Frederick K. Ito Trust
JPG Investment 919
J P Trusts LLC 35,957
Michael W. Jenkins 460
Jernie Holdings Corp. 180,499
L. Chris Johnson 3,196
Johnson Living Trust dated 2/18/83 1,078
Thomas Johnson Jr. and Sandra L. Johnson; tenants in the 2,142
entirety
Martha A. O'Brien Jones 665
Charles Mark Jordan 57
KEP LLC, a Michigan Limited Liability Company 98,626
Nourhan Kailian 2,183
H L Kaltenbacher P P K Kaltenbacher & J K Carr - Joseph 1,440
C. Kaltenbacher Credit Shelter Trust
Sarah Katz 307
Carol F. Kaufman 166
Charles Kendall Jr. Rollover IRA Dated 1/21/93 Custodian 656
Paine Webber
Peter Kepic 9,261
Jack Kindler 1,440
7
<PAGE> 8
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Kirshner Family Trust #1 Dated 4/8/76 Bertron & Barbara 29,558
Kirshner Trustees
Kirshner Trust #4 FBO Todd Kirshner Dated 12/30/76 20,258
Bertron Kirshner Trustee
Arthur Kligman 307
James Kozen, trustee U-A dated 02/24/86 33,031
Joan R. Krieger Trustee of The Joan R. Kreiger
Revocable Trust 15,184
William L. Kreiger, Jr. 3,374
Babette Kulka 330
Jack H. Kulka 330
L P Family Group LLC 102,249
Lambert Investment Corporation 13,606
Paul T. Lambert 39,816
Chester A. Latcham & Co. 2,493
Constance Lazarus 417,961
Jerome Lazarus 18,653
Princeton South at Lawrenceville LLC 4,692
Susan Lebow 740
Aaron Leifer 4,801
Georgia Leonard 664
Robert Leonard III 6,317
Steve Leonard 4,781
Duane Lund 617
Barbara Lusen 307
MCS Properties, Inc. 5,958
Richard McClintock 623
McElroy Management Inc. 5,478
William J. Mallen Trust dated 4/29/94
William J. Mallen Trustee 8,016
Stephen Mann 17
Manor Properties 143,408
J. Stanley Mattison 79
Henry E. Mawicke 636
Eileen Millar 3,072
Larry L. Miller 17,857
Linda Miller 2,000
The Milton Dresner Revocable Trust UA October 22, 1976 79
Lila Atkins Mulkey 7,327
Peter Murphy 56,184
Anthony Muscatello 81,654
James Muslow, Jr. 4,911
Joseph Musti 1,508
8
<PAGE> 9
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Dean A. Nachigall 10,076
Adel Nassif 5,218
Kris Nielsen 178
New Land Associates Limited Partnership 1,664
North Star Associates Limited Partnership 19,333
Catherine A. O'Brien 832
Catherine O'Brien Sturgis 666
Martha E. O'Brien 832
George F. Obrecht 5,289
Paul F. Obrecht, Jr. 5,289
Richard F. Obrecht 5,289
Thomas F. Obrecht 5,289
Arden O'Connor 13,845
Peter O'Connor 66,181
Steve Ohren 33,366
P & D Partners LP 1,440
Pacifica Holding Company 97,870
Partridge Road Associates Limited Partnership 2,751
Sybil T. Patten 1,816
Peegee LP 4,817
Lawrence Peters 960
Betty S. Phillips 3,912
Jeffrey Pion 2,879
Pipkin Family Trust dated 10/6/89 3,140
Peter M. Polow 557
Francis Pomar 8,338
Keith J. Pomeroy Revocable Trust Agreement,
dated December 13, 1976, as amended and
restated on June 28, 1995 161,036
Robert J. Powers 37,674
Princeton South at Lawrenceville One 4,426
Abraham Punia Individually and to the Admission of 307
Abraham Punia
RBZ LLC a Michigan Limited Liability Company 155
R E A Associates 8,908
Marilyn Rangel IRA dated 2/5/86 969
Richard Rapp 23
Jack F. Ream 1,071
Reger Investment Fund Ltd. 22,556
Seymour D. Reich 154
James C. Reynolds 40,284
Andre G. Richard 1,508
9
<PAGE> 10
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
RJB Ford City Limited Partnership an Illinois Limited 158,438
Partnership
RJB II Limited Partnership 40,788
Edward C. Roberts and Rebecca S. Roberts,
tenants in the entirety 8,308
W.F.O. Rosenmiller 634
Leslie A. Rubin LTD 4,048
SPM Industrial LLC 5,262
SRS Partnership 2,142
James Sage 2,156
James R. Sage 3,364
Kathleen Sage 3,350
Wilton Wade Sample 5,449
Edward Jon Sarama 634
Henry J. Satsky 2,708
Debbie B. Schneeman 740
Debbie B. Schneeman & Susan Lebow Trustees of the Roslyn 740
Greenberg 1992 Trust
Norma A. Schulze 307
Sealy & Company, Inc. 37,119
Sealy Florida, Inc. 675
Mark P. Sealy 8,451
Sealy Professional Drive LLC 2,906
Sealy Real Estate Services, Inc. 148,478
Sealy Unitholder LLC 31,552
Scott P. Sealy 40,902
Shadeland Associates Limited Partnership 42,976
Shadeland Corporation 4,442
Sam Shamie Trust Agreement dated March 16, 1978, as 422,340
restated on November 16, 1993
Frances Shankman Insurance Trust 16,540
Garrett E. Sheehan 513
Jay H. Shidler 68,020
Jay H. Shidler and Wallette A. Shidler, tenants in the 1,223
entirety
Shidler Equities LP 254,541
Siskel Family Partnership 11,359
Trustee U/A Dated 3/06/98 FBO The Suzanne E. Siskel & 3,802
Peter Gajewski Community Property Trust
D.W. Sivers Co. 106,265
Sivers Investment Partnership 283,500
Sivers Family Real Property Limited Liability Company 11,447
10
<PAGE> 11
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Sivers Family Real Property Limited Liability Company 615
Wendell C. Sivers Marital Trust u/w/d February 20, 1981 14,020
Dennis W. Sivers 27,636
Estate of Albert Sklar 3,912
Michael B. Slade 2,829
Kevin Smith 13,571
Steve Smith 386
Spencer and Company 154
S. Larry Stein 63,630
Sterling Alsip Trust dated August 1, 1989 794
Sterling Family Trust dated 3/27/80 3,559
Jonathan Stott 80,026
Victor Strauss 77
Mitchell Sussman 410
TUT Investments I LLC 5,274
Donald C. Thompson Trustee U/A Dated 12/31/98 FBO Donald 39,243
C. Thompson Revocable Family Trust
Michael T. Tomasz Trustee of the Michael T. Tomasz Trust 36,033
U/A Dated 02-05-90
Barry L. Tracey 2,142
William S. Tyrrell 2,906
WSW 1998 Exchange Fund LP 32,000
Steve Walbridge 338
James J. Warfield 330
Phyllis Warsaw Living Trust 16,540
William B. Wiener, Jr. 41,119
Patricia Wiener-Shifke 12,944
Wilson Management Company 35,787
Elmer H. Wingate 1,688
Worlds Fair Partners Limited Partnership 1,664
Woslum, Inc. 2,427
Sam L. Yaker Trustee of The Sam L. Yaker Revocable Trust 37,780
Agreement dated February 14, 1984
Johannson Yap 1,680
11
<PAGE> 12
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Richard H. Zimmerman Trustee of The Richard H. Zimmerman 58,988
Living Trust dated October 15, 1990, as amended
Gerald & Sharon Zuckerman Joint Tenants 615
12
<PAGE> 13
EXHIBIT 1D
PROTECTED AMOUNTS
CONTRIBUTOR PARTNER PROTECTED AMOUNT
------------------- ----------------
Phyllis Warsaw Living Trust *see below
Robert L. Friedman *see below
Frances Shankman Insurance Trust *see below
--------------------
* An amount equal to (a) the taxable gain, if any, that would be realized by
such Additional Limited Partner if such Additional Limited Partner were to
dispose of its Interest for no consideration other than the release or deemed
release of liabilities of the partnership assumed by or otherwise allocable to
such Additional Limited Partner under Code Section 752, as such hypothetical
gain is determined from time to time, less (b) such Additional Limited Partner's
share of "qualified nonrecourse financing" as defined in Code Section 465(b)(6)
and the Treasury Regulations thereunder, as such share is determined in
accordance with Treasury Regulations Section 1.752-3(a).
13
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