First Amendment to Tenth Amended and Restated Agreement of Limited Partnership of AMB Property II, L.P.

Contract Categories: Business Formation › Limited Partnership Agreements
Summary

This amendment, effective January 1, 2002, updates the Tenth Amended and Restated Agreement of Limited Partnership for AMB Property II, L.P., a Delaware limited partnership. The amendment, executed by AMB Property Holding Corporation as general partner and attorney-in-fact for the limited partners, reflects the transfer of certain partnership units among various J.P. Morgan entities and updates Exhibit A to show the new ownership structure. All other terms of the original partnership agreement remain unchanged.

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EX-10.11 4 f80387ex10-11.txt FIRST AMENDMENT TO TENTH AMENDED AND RESTATED EXHIBIT 10.11 AMB PROPERTY II, L.P. FIRST AMENDMENT TO TENTH AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP This First Amendment (this "Amendment") is made as of January 1, 2002, by AMB PROPERTY HOLDING CORPORATION, a Maryland corporation, as general partner (the "General Partner") of AMB PROPERTY II, L.P., a Delaware limited partnership (the "Partnership"), and as attorney-in fact for each of the limited partners of the Partnership (collectively, the "Limited Partners") for the purpose of amending the Tenth Amended and Restated Agreement of Limited Partnership of the Partnership dated as of December 6, 2001 (as amended, the "Partnership Agreement"). All defined terms used herein but not defined herein have the meanings assigned to them in the Partnership Agreement. WHEREAS, pursuant to Section 11.4.A of the Partnership Agreement, the General Partner shall have the right to consent to the admission of a permitted transferee of the interest of a Limited Partner, as a Substituted Limited Partner, which consent may be given or withheld by the General Partner in its sole and absolute discretion; WHEREAS, pursuant to Section 11.4.C of the Partnership Agreement, upon the admission of a Substituted Limited Partner, the General Partner shall amend Exhibit A to reflect the name, address, number of Partnership Units and Percentage Interest of such Substituted Limited Partner and to eliminate or adjust, if necessary, the name, address and interest of the predecessor of such Substituted Limited Partner; WHEREAS, pursuant to Section 7.3D(ii) of the Partnership Agreement, the General Partner may, without the consent of the other partners, amend the Partnership Agreement to reflect the admission or substitution of partners pursuant to Article 12 of the Partnership Agreement; WHEREAS, pursuant to the authority granted under the Partnership Agreement, the General Partner desires to amend the Partnership Agreement to reflect transfers effective as of the end of the day on December 31, 2001 (i) by J.P. Morgan Mosaic Fund, LLC of 1,595,337 Series D Preferred Units to JPM Mosaic I REIT, Inc., (ii) by J.P. Morgan Mosaic Fund IV, LLC of 840,000 Series H Preferred Units to JPM Mosaic IV REIT, Inc. and (iii) J.P. Morgan Chase Mosaic Fund V, LLC of 510,000 Series I Preferred Units to JPM Mosaic V REIT, Inc. NOW THEREFORE, pursuant to Sections 2.4 and 7.3D of the Partnership Agreement, the General Partner, on its own behalf and as attorney-in-fact for the Limited Partners, hereby amends the Partnership Agreement as follows: SECTION 1. Amendment of Exhibit A to the Partnership Agreement. Exhibit A to the Partnership Agreement is deleted in its entirety and replaced with Exhibit A attached hereto. 1 SECTION 2. Miscellaneous. 2.1 Governing Law. This Amendment shall be construed under and governed by the internal laws of the State of Delaware without regard to its conflict of laws provisions. SECTION 3. Partnership Agreement. The Partnership Agreement and this Amendment shall be read together and shall have the same effect as if the provisions of the Partnership Agreement and this Amendment were contained in one document. Any provisions of the Partnership Agreement not amended by this Amendment shall remain in full force and effect as provided in the Partnership Agreement immediately prior to the date hereof. 2 IN WITNESS WHEREOF the parties hereto have caused this Amendment to be executed as of the date set forth above by their duly authorized representatives. GENERAL PARTNER: AMB PROPERTY HOLDING CORPORATION, a Maryland corporation By: /s/ Michael Coke -------------------------------------- Michael Coke Executive Vice President and Chief Financial Officer COMMON LIMITED PARTNER: AMB PROPERTY, L.P., a Delaware limited partnership By: AMB Property Corporation, its general partner By: /s/ Michael Coke -------------------------------------- Michael Coke Executive Vice President and Chief Financial Officer GENERAL PARTNER OF COMMON LIMITED PARTNER: AMB PROPERTY CORPORATION, a Maryland corporation By: /s/ Michael Coke -------------------------------------- Michael Coke Executive Vice President and Chief Financial Officer S-1 LIMITED PARTNERS: By: AMB PROPERTY HOLDING CORPORATION, a Maryland corporation, as attorney-in-fact for each of the Limited Partners By: /s/ Michael Coke ------------------------------------ Michael Coke Executive Vice President and Chief Financial Officer S-2 EXHIBIT A PARTNERS, CONTRIBUTIONS, AND PARTNERSHIP INTERESTS I. COMMON UNITS
Agreed Value of Contribution Cash Contributed Total Partnership Percentage Name of Partner Date Contribution Property Contributions Units Interest - --------------- ------------ ------------ --------------- ------------- ----------- ---------- GENERAL PARTNER: AMB Property Holding Corporation 11/26/97 -- $ 3,626,023 $ 3,626,023 172,668 .99725% LIMITED PARTNERS: AMB Property, L.P. 11/26/97 -- $358,976,301 $358,976,301 17,094,110 98.72782% 06/30/98 -- $ 1,161,489 $ 1,161,489 47,602 .27493% -------- ------------ ------------ ---------- -------- TOTAL COMMON UNITS -- $363,763,813 $363,763,813 17,314,380 100.0000% -------- ------------ ------------ ---------- --------
EXHIBIT A PARTNERS, CONTRIBUTIONS, AND PARTNERSHIP INTERESTS II. SERIES C PREFERRED UNITS
Agreed Value of Series C Contribution Cash Contributed Total Partnership Percentage Name of Partner Date Contributions Property Contributions Units Interest - --------------- ------------ ------------- --------------- ------------- ----------- ---------- LIMITED PARTNER: Belcrest Realty Corporation 11/24/98 $ 24,000,000 -- $ 24,000,000 480,000 21.81818% Belair Real Estate Corporation 11/24/98 $ 86,000,000 -- $ 86,000,000 1,720,000 78.18182% Belcrest Realty Corporation 2/23/99 -- -- -- 381,000 17.31818% Belair Real Estate Corporation 2/23/99 -- -- -- (381,000) (17.31818%) Belcrest Realty Corporation 4/29/99 -- -- -- 239,000 10.86364% Belair Real Estate Corporation 4/29/99 -- -- -- (239,000) (10.86364%) Argosy Realty Corporation 7/9/99 -- -- -- 32,506 1.47755% Belmar Realty Corporation 7/9/99 -- -- -- 32,506 1.47755% Belport Realty Corporation 7/9/99 -- -- -- 32,506 1.47755% Belrieve Realty Corporation 7/9/99 -- -- -- 32,506 1.47755% Belair Real Estate Corporation 7/9/99 -- -- -- (130,024) (5.91018%) Belcrest Realty Corporation 7/28/99 -- -- -- 300,000 13.63636% Belair Real Estate Corporation 7/28/99 -- -- -- (300,000) (13.63636%) Belmar Realty Corporation 3/17/00 -- -- -- (32,506) (1.47755%) Belcrest Realty Corporation 3/17/00 -- -- -- (250,000) (11.36364%) Belair Real Estate Corporation 3/17/00 -- -- -- 282,506 12.84118% Belair Real Estate Corporation 12/19/00 -- -- -- 32,506 1.47755% ------------ ------ ------------ ---------- --------- Altavera Realty Corporation, 12/19/00 -- -- -- (32,506) (1.47755%) formerly known as Belrieve Realty Corporation ============ ====== ============ ========== ========== Belport Realty Corporation 3/14/01 -- -- -- (32,506) (1.47755%) ============ ====== ============ ========== ========== Belair Real Estate Corporation 3/14/01 -- -- -- 32,506 1.47755% ============ ====== ============ ========== ========== Argosy Realty Corporation 12/5/01 -- -- -- (32,506) (1.47755%) ============ ====== ============ ========== ========== Belair Real Estate Corporation 12/5/01 -- -- -- (1,017,494) (46.24972%) ============ ====== ============ ========== ========== Belcrest Realty Corporation 12/5/01 -- -- -- (1,150,000) (52.27272%) ============ ====== ============ ========== ========== TOTAL SERIES C PREFERRED UNITS $110,000,000 -- $110,000,000 0 000.0000% ============ ====== ============ ========== ==========
III. SERIES D PREFERRED UNITS
Agreed Value of Series D Contribution Cash Contributed Total Partnership Percentage Name of Partner Date Contributions Property Contributions Units Interest - --------------- ------------ ------------- --------------- ------------- ----------- ---------- LIMITED PARTNER: J.P. Morgan Mosaic Fund, LLC 5/5/99 $ 79,766,850 -- $ 79,766,850 1,595,337 100.0000% J.P. Morgan Mosaic Fund, LLC 12/31/01 -- -- -- (1,595,337) (100.0000%) JPM Mosaic I REIT, Inc. 12/31/01 -- -- -- 1,595,337 100.0000% ------------ ------ ------------ ---------- --------- TOTAL SERIES D PREFERRED UNITS $ 79,766,850 -- $ 79,766,850 1,595,337 100.0000% ============ ====== ============ ========== ==========
ii IV. SERIES E PREFERRED UNITS
Agreed Value of Series E Contribution Cash Contributed Total Partnership Percentage Name of Partner Date Contributions Property Contributions Units Interest - --------------- ------------ ------------- --------------- ------------- ----------- ---------- LIMITED PARTNER: Fifth Third Equity 8/31/99 $11,022,000 -- $11,022,000 220,440 100.0000% Exchange Fund 1999, LLC ------------ ------ ------------ ---------- --------- TOTAL SERIES E PREFERRED UNITS $11,022,000 -- $11,022,000 220,440 100.0000% ============ ====== =========== ========== =========
V. SERIES F PREFERRED UNITS
Agreed Value of Series F Contribution Cash Contributed Total Partnership Percentage Name of Partner Date Contributions Property Contributions Units Interest - --------------- ------------ ------------- --------------- ------------- ----------- ---------- LIMITED PARTNER: Bailard, Biehl & Kaiser Technology 3/22/00 $19,871,950 -- $19,871,950 397,439 100.0000% Exchange Fund, LLC ------------ ------ ------------ ---------- --------- TOTAL SERIES F PREFERRED UNITS $19,871,950 -- $19,871,950 397,439 100.0000% =========== ====== ============ ========== =========
VI. SERIES G PREFERRED UNITS
Agreed Value of Series G Contribution Cash Contributed Total Partnership Percentage Name of Partner Date Contributions Property Contributions Units Interest - --------------- ------------ ------------- --------------- ------------- ----------- ---------- LIMITED PARTNER: Bailard, Biehl & Kaiser Technology 8/29/00 $1,000,000 -- $1,000,000 20,000 100.0000% Exchange Fund, LLC ------------ ------ ------------ ---------- --------- TOTAL SERIES G PREFERRED UNITS $1,000,000 -- $1,000,000 20,000 100.0000% ========== ====== ============ ========= =========
VII. SERIES H PREFERRED UNITS
Agreed Value of Series H Contribution Cash Contributed Total Partnership Percentage Name of Partner Date Contributions Property Contributions Units Interest - --------------- ------------ ------------- --------------- ------------- ----------- ---------- LIMITED PARTNER: J.P. Morgan Mosaic Fund IV, LLC 9/1/00 $42,000,000 -- $42,000,000 840,000 100.0000% J.P. Morgan Mosaic Fund IV, LLC 12/31/01 -- -- -- (840,000) (100.0000%) JPM Mosaic IV REIT, Inc. 12/31/01 -- -- -- 840,000 100.0000% ------------ ------ ------------ ---------- --------- TOTAL SERIES H PREFERRED UNITS $42,000,000 -- $42,000,000 840,000 100.0000% ============ ====== =========== ========== =========
iii VIII. SERIES I PREFERRED UNITS
Agreed Value of Series I Contribution Cash Contributed Total Partnership Percentage Name of Partner Date Contributions Property Contributions Units Interest - --------------- ------------ ------------- --------------- ------------- ----------- ---------- LIMITED PARTNER: J.P. Morgan Chase Mosaic Fund V, LLC 3/21/01 $25,500,000 -- $25,500,000 510,000 100.0000% J.P. Morgan Chase Mosaic Fund V, LLC 12/31/01 -- -- -- (510,000) (100.0000%) JPM Mosaic V REIT, Inc. 12/31/01 -- -- -- 510,000 100.0000% ------------ ------ ------------ ---------- --------- TOTAL SERIES I PREFERRED UNITS $25,500,000 -- $25,500,000 510,000 100.0000% ============ ====== ============ ========== ========= ------------ ------ ------------ ---------- --------- TOTAL ALL SERIES OF PREFERRED UNITS $269,288,850 -- $269,288,850 3,185,777 100.0000% ============ ====== ============ ========== =========
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