EX-10.2 3 c58229ex10-2.txt 14TH AMEND TO 6TH AMEND & RESTATED LIMITED PTSP AG 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. 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 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 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 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 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 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 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 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 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 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 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 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