Agreement to be Bound from Agreement of Limited Partnership
THIS AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP (this Agreement) of Build-To-Core Industrial Partnership I LP, a Delaware limited partnership (the Partnership) is made and entered into as of February 12, 2015, by and among: (a) IPT BTC I GP LLC, a Delaware limited liability company, as general partner (the General Partner), which is a subsidiary of IPT Real Estate Holdco LLC, a Delaware limited liability company (IPT HoldCo), which in turn is a subsidiary of Industrial Property Operating Partnership LP (IPT OpCo), which in turn is a subsidiary of Industrial Property Trust Inc. (IPT); (b) IPT BTC I LP LLC, a Delaware limited liability company, which is a subsidiary of IPT HoldCo, which in turn is a subsidiary of IPT OpCo, which in turn is a subsidiary of IPT, as a limited partner (the IPT Limited Partner and, together with the General Partner, collectively, the IPT Partners); (c) bcIMC International Real Estate (2004) Investment Corporation, a Canadian corporation, as a limit
Agreement to be Bound. Each Limited Partner, each Substituted Limited Partner, the General Partner and any successor General Partner, whether or not such Person becomes a signatory hereof, shall be deemed, solely by reason of having become a Partner, to have adopted and to have agreed to be bound by all the provisions of this Agreement. Without limiting the foregoing, each Limited Partner, Substituted Limited Partner and any successor General Partner shall take any action requested by the General Partner (including, without limitation, executing this Agreement or such other instrument or instruments as the General Partner reasonably shall determine) to reflect such Persons adoption of, and agreement to be bound by all the provisions of, this Agreement.