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EXHIBIT 10.5
SEVENTH AMENDMENT TO
FOURTH AMENDED AND RESTATED
LIMITED PARTNERSHIP AGREEMENT OF
FIRST INDUSTRIAL, L.P.
As of September 30, 1997, 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 Fourth Amended and Restated Limited Partnership
Agreement, dated June 6, 1997 (as amended by the first amendment thereto dated
June 20, 1997, the second amendment thereto dated June 30, 1997, the third
amendment thereto dated July 18, 1997, the fourth amendment thereto dated July
31, 1997, the fifth Amendment thereto dated August 1, 1997, and the Sixth
Amendment thereto dated August 29, 1997, collectively, the "PARTNERSHIP
AGREEMENT"), does hereby amend the Partnership Agreement as follows:
Capitalized terms used but not defined in this Seventh 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
owning the number of Units and having made the Capital Contributions set forth
on such SCHEDULE 1. Such persons hereby adopt the Partnership Agreement.
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 September 30, 1997, by and between FR Acquisitions, Inc., a Maryland
corporation (it having assigned its entire right, title and interest in and to
the Contribution Agreement to the Partnership), and the other parties listed on
the signature pages of the Contribution Agreement, certain Protected Amounts
are being established for the Additional Limited Partners admitted pursuant to
this Seventh 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 Seventh Amendment,
all of the provisions of the Partnership Agreement are affirmed and ratified
and remain in full force and effect.
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IN WITNESS WHEREOF, the undersigned has executed this Seventh Amendment as
of the date first written above.
FIRST INDUSTRIAL REALTY TRUST, INC., as
sole general partner of the Partnership
By:______________________________________
Name:_______________________________
Title:______________________________
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EXHIBIT 1B
SCHEDULE OF PARTNERS
GENERAL PARTNER NUMBER OF UNITS
--------------- ---------------
First Industrial Realty Trust, Inc. 30,152,117
LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxxxx X. Xxxxxx, TR of the Xxxxxx X. Xxxxxx Trust UA Dec 29 92 137,489
Xxxxxxx X. Xxxxxxx 754
XX Xxxxxxxx Venture 24,789
Xxxxxxx X. Xxxxxxx 7,587
Xxxxx X. Xxxxxxx & Xxxxx X. Xxxxxxx & Xxxxx Xxxxxxxxx TR of 1,400
the Xxxxxxx Childrens Education Trust UA Dec 20 94, FBO
Xxxxxxxx Xxxx Xxxxxxx
Xxxxx X. Xxxxxxx & Xxxxx X. Xxxxxxx & Xxxxx Xxxxxxxxx TR of 1,400
the Xxxxxxx Childrens Education Trust UA Dec 20 94, FBO
Xxxxxxxxx Xxxxxx Xxxxxxx
Xxxxx X. Xxxxxxx & Xxxxx X. Xxxxxxx TR of the Xxxxx X. & Xxxxx 10,891
X. Xxxxxxx Trust UA Aug 28 92
Xxxxxx Xxxxxx 9,261
Xxx Xxxxxx 18,653
Xxxxx Xxxxxx 523,155
Xxxxx X. Xxxxxx 1,388
Xxxxxxx X. Xxxx and Xxxxxx X. Xxxx, tenants in the entirety 634
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxxxx X. Xxxxxx, Xx. 2,262
Xxxxxxx X. Xxxxxx, TR of the Xxxxxxx X.Xxxxxx Trust UA Nov 4 69 144,296
Xxxxxx X. Xxxxxx 6,286
X. Xxxxx Xxxxx XX of the W. Xxxxx Xxxxx Trust UA May 31, 91 4,416
Xxxxxxx Xxxxxxx 2,000
Xxxxxx X. Xxxxx 1,388
Xxxxxxx X. Xxxxx 1,508
Xxxxxxxx Xxxxxxx 6,538
Xxxxxxx Xxxxxxx 6,538
Xxxxx Xxxxxxx 13,078
Xxxxxx Xxxxxxx 331,742
Xxxxxx Xxxxxxx 149,531
Xxxxx Road Associates, a New Jersey limited partnership 29,511
Xxxxxx Road Associates Limited Partnership 2,751
Fitz & Xxxxx Partnership 3,410
Foundation for Advanced Christian Training 60
Fourbur Co., L.L.C. 27,987
Fourbur Family Co., L.P. 50,478
Gamma Three Associates Limited Partnership, a New Jersey 3,338
limited partnership
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxxxx X. Xxxxxxx and Xxxxxxx X. Xxxxxxx, tenants in the 6,166
entirety
Xxxx Xxxxxx & Xxxx Xxxxxx JT TEN WROS 15,159
Xxxxx X. Xxxxx Trust UA Jan 16 81 36,476
Highland Associates Limited Partnership 69,039
Xxxxxx X. Xxxxxx Xx. 150,134
Xxxxxx/Xxxxxxx Investment Corporation 22,079
Xxxxxx X. Xxxx 220,000
Internal Investment Company 3,016
Xxxxxxxxx X. Xxx 3,880
The Xxxx Xxxxxxxx Revocable Living Trust dated March 23, 1978 26,005
Jayeff Associates Limited Partnership, a New Jersey limited 16,249
partnership
Xxxxxxx X. Xxxxxxx 3,831
Jernie Holdings Corp. 180,499
Xxxx X. xx Xxxxxxx, TR of the Xxxx X. De B Xxxxxxx Trust 8,187
Xxxxxx X. Xxxxxxx, Xx. and Xxxxxx X. Xxxxxxx, tenants in the 2,142
entirety
Xxxxxxx Xxxxxxx 2,183
Xxxxx Xxxxx 9,261
Xxxxxxx Investment Corporation 13,606
Xxxx X. Xxxxxxx 39,737
Xxxxxxxxx Xxxxxxx 417,961
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxxxx Xxxxxxx 18,653
LGR Investment Fund Ltd 22,556
Xxxxxxx Properties, L.L.C. 25,342
Xxxxxxx Equities LP 254,541
Xxxxx Xxxx 617
Xxxxx X. Xxxxxx 754
Menlo Park Presbyterian Church 230
Xxxxxx Xxxxxx 2,880
Xxxxx Xxxxxx 2,000
The Xxxxxx Xxxxxxx Revocable Trust dated October 22, 1976 149,531
Montrose Xxxxxxx Associates, a New Jersey general partnership 4,874
Xxxxx Xxxxxx 56,184
Xxxxxxx Xxxxxxxxxx 81,654
Muskingum College 20
Xxxxxx Xxxxx 1,508
Xxxx X. Xxxxxxxxxx 10,076
New Land Associates Limited Partnership, a New Jersey limited 1,644
partnership
North Star Associates Limited Partnership 19,333
Xxxxx X'Xxxxxx 63,845
Xxxxx X'Xxxxxx 66,181
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
Xxxxxxx Xxxxxxx 2,000
Xxxxxxxxx Road Associates Limited Partnership 2,751
R.C.P. Associates, a New Jersey limited partnership 3,060
Xxxx X. Xxxx 1,071
Xxxxx X. Xxxxxxx & Xxxxx X. Xxxxxxx 2,142
Xxxxx X. Xxxxxxxx 38,697
Xxxxx X. Xxxxxxx 1,508
Xxxxxx X. Xxxxxxx and Xxxxxxx X. Xxxxxxx, tenants in the 8,308
entirety
W.F.O. Xxxxxxxxxxx 634
Xxxxxx Xxx Xxxxxx 634
Shadeland Associates Limited Partnership 42,976
Shadeland Corporation 4,442
Xxx X. Xxxxxxx 65,118
Xxx X. Xxxxxxx & Xxxxxxxx X. Xxxxxxx TEN ENT 1,223
Xxxxxxx X. Xxxxx 2,829
Xxxxx X. Xxxxx, and Xxxxx X. Xxxxx, tenants in the entirety 754
Xxxx X. Xxxxx and Xxxxx X. Xxxxx, tenants in the entirety 1,508
Xxxxx Xxxxx 13,571
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
South Broad Company, a New Jersey limited partnership 72,421
South Gold Company, a New Jersey general partnership 53,000
SRS Partnership 2,142
Xxxxxx Xxxxx 56,778
S. Xxxxx Xxxxx 56,778
Xxxxxxxx Xxxxx 130,026
Suburban Roseland Associates, a Limited Partnership, a New 3,002
Jersey limited partnership
Xxxxxx X. Xxxxxxxxxx Trust 450
Xxxxxxx X. Xxxxxx 23,868
Xxxxx X. Xxxxxx 2,142
The UCLA Foundation - The Xxxxxxxx School 20
Women at the Well 50
Worlds Fair Associates, a New Jersey general partnership 6,134
The Worlds Fair Office Associates, a New Jersey general 3,343
partnership
Worlds Fair Partners Limited Partnership, a New Jersey limited 1,664
partnership
Worlds Fair III Associates, a New Jersey limited partnership 14,094
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LIMITED PARTNERS NUMBER OF UNITS
---------------- ---------------
The Worlds Fair V Associates, a New Jersey general partnership 3,340
The Worlds Fair 25 Associates, a Limited Partnership, a New 13,677
Jersey limited partnership
Xxx Xxxxx Associates, a New Jersey limited partnership 39,370
Princeton South at Lawrenceville One, a New Jersey limited 4,692
partnership
RJB Ford City Limited Partnership, an Illinois partnership 158,438
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EXHIBIT 1D
PROTECTED AMOUNTS
None.
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SCHEDULE 1
Additional
Limited Partners Number of Units Capital Contribution
---------------- --------------- --------------------
RJB Ford City Limited
Partnership, an Illinois
limited partnership 158,438 $5,236,375.90
