Amendment to Business Management Agreement, dated December 31, 2018, between Industrial Logistics Properties Trust and The RMR Group LLC
Contract Categories:
Business Operations
- Management Agreements
EX-10.1 2 ilptamendment101.htm EXHIBIT 10.1 Exhibit
Exhibit 10.1
AMENDMENT TO
BUSINESS MANAGEMENT AGREEMENT
This AMENDMENT TO BUSINESS MANAGEMENT AGREEMENT is made and entered into as of December 31, 2018 (this “Amendment”), by and between Industrial Logistics Properties Trust, a Maryland real estate investment trust (the “Company”), and The RMR Group LLC, a Maryland limited liability company (the “Manager”).
WHEREAS, the Company and the Manager are parties to that certain Business Management Agreement, dated as of January 17, 2018 (the “Business Management Agreement”); and
WHEREAS, the Company and the Manager wish to amend certain provisions of the Business Management Agreement as further provided in this Amendment.
NOW, THEREFORE, in consideration of the mutual agreements herein set forth, the parties hereto agree as follows:
1. | The definition of “SNL Index” included in Section 11 of the Business Management Agreement shall be replaced in its entirety by the following: |
“SNL Index” shall mean, for periods ending on or prior to December 31, 2018, the SNL U.S. REIT Equity Index, as published from time to time, and for periods beginning on and after January 1, 2019, the SNL U.S. REIT Industrial Index, as published from time to time (or, in each case, a successor index including a comparable universe of United States publicly treated real estate investment trusts).
2. | This Amendment shall be effective as of the day and year first written above. Except as amended hereby, and as so amended, the Business Management Agreement shall remain in full force and effect and shall be otherwise unaffected hereby. |
3. | The provisions of this Amendment shall be governed by and construed in accordance with the laws of the State of Maryland. |
4. | This Amendment may be executed in separate counterparts, each of such counterparts shall for all purposes be deemed to be an original and all such counterparts shall together constitute but one and the same instrument. |
[Signature page follows]
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed and delivered by their respective duly authorized officers, as of the date first written above.
INDUSTRIAL LOGISTICS PROPERTIES TRUST
By: /s/ Richard W. Siedel Jr.
Name: Richard W. Siedel, Jr.
Title: Chief Financial Officer and Treasurer
THE RMR GROUP LLC
By: /s/ Matthew P. Jordan
Name: Matthew P. Jordan
Title: Chief Financial Officer and Treasurer
[Signature Page to Amendment to Business Management Agreement]
