Exhibit 4.3
COPORATE OFFICE PROPERTIES, L.P.
THIRD AMENDMENT
TO
AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT
This THIRD AMENDMENT TO AMENDED AND RESTATED LIMITED PARTNERSHIP
AGREEMENT ("Third Amendment") of CORPORATE OFFICE PROPERTIES, L.P. (the
"Partnership") is made as of the 31st day of December, 1998, by and among the
undersigned.
EXPLANATORY STATEMENT
A. The Partnership was formed as a Delaware limited partnership
pursuant to a Certificate of Limited Partnership filed on October 10, 1997 with
the Secretary of State of Delaware under the name "FCO, L.P." The Partnership
changed its name to Corporate Office Properties, L.P. as of January 1, 1998. The
Partnership is governed by the Amended and Restated Limited Partnership
Agreement dated March 16, 1998, as amended by the First Amendment thereto dated
September 28, 1998 and the Second Amendment thereto dated October 13, 1998
(collectively, the "Partnership Agreement").
B. The parties hereto desire to amend the Partnership Agreement in the
manner hereinafter set forth to reflect (i) the issuance of one Partnership Unit
in the Partnership to M.O.R. 44 Gateway Associates Limited Partnership ("M.O.R.
44"), and (ii) the admission of M.O.R. 44 as a Limited Partner in the
Partnership.
C. Capitalized terms used but not otherwise defined herein shall
have the meanings ascribed to them in the Partnership Agreement.
NOW, THEREFORE, in consideration of the Explanatory Statement, which is
incorporated herein, and of other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto, intending
legally to be bound, do hereby agree, acknowledge and certify as follows:
1. Pursuant to the Contribution Agreement dated December 31, 1998,
M.O.R. 44 has contributed and transferred to the Partnership all of its interest
in DPA/ Gateway Limited Partnership, a Delaware limited partnership, in exchange
for the issuance to M.O.R. 44 of 1 Partnership Unit.
2. M.O.R. 44 is hereby admitted to the Partnership, effective as of the
date hereof, and its name is hereby recorded on the books of the Partnership, as
an Additional Limited Partner as forth on Amended Exhibit 1 hereto. By its
execution of this Third
Amendment, M.O.R. 44 has agreed to be bound by all the terms and conditions of
the Partnership Agreement, as amended from time to time, including, without
limitation, the power of attorney granted in Section 12.3 of the Partnership
Agreement.
3. The Partnership Agreement is hereby amended by deleting Exhibit 1
presently attached thereto and made a part thereof and substituting in lieu
thereof the Amended Exhibit 1 attached hereto and made a part hereof. All
references to Exhibit 1 in the Partnership Agreement shall be deemed to refer to
the Amended Exhibit 1 attached hereto.
4. Except as amended hereby, the Partnership Agreement shall remain in
full force and effect in accordance its terms and is hereby ratified, confirmed
and reaffirmed by the undersigned for all purposes and in all respects.
5. This Third Amendment may be executed in counterparts, all of which
taken together shall constitute one agreement binding on all the parties hereto,
notwithstanding that all such parties are not signatories to the original or the
same counterpart.
IN WITNESS WHEREOF, this Third Amendment to Amended and Restated
Limited Partnership Agreement has been duly executed and delivered under seal by
the undersigned as of the day and year first above written.
WITNESS: GENERAL PARTNER,
for itself and as Attorney-in-Fact
for the Limited Partners:
CORPORATE OFFICE PROPERTIES TRUST
By: /s/ John H. Gurley (SEAL)
- ------------------------------ --------------------------
Name: John Harris Gurley
-------------------------------
Title: Vice President
------------------------------
ADDITIONAL LIMITED PARTNER:
M.O.R. 44 GATEWAY ASSOCIATES
LIMITED PARTNERSHIP
By: RA & DM, Inc., sole general
partner
By: /s/ Louis C. LaPenne (SEAL)
- ------------------------------ --------------------------
Name: Louis C. LaPenne
-------------------------------
Title: Vice-President
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AMENDED EXHIBIT I
SCHEDULE OF PARTNERS
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
NO. OF UNITS PERCENTAGE INITIAL PREFERRED SERIES A
INTEREST PARTNERSHIP UNITS PREFERRED
PARTNERSHIP
UNITS
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
GENERAL PARTNER
- ---------------
Corporate Office Properties Trust 15,028,000 85.99% 969,900
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
LIMITED PARTNERS AND PREFERRED LIMITED PARTNERS
Jay H. Shidler 2,600 0.01% 126,0769
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
Shidler Equities, L.P. 582,103 3.33% 457,826
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
Clay W. Hamlin, III 5,235 0.03% 115,334
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
LBCW Limited Partnership 875,284 5.01% 663,808
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
CHLB Partnership 63,243 0.36% 41,741
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
Robert L. Denton 129,549 0.74% 85,502
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
James K. Davis 15,368 0.09% 10,142
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
John E. deB. Blockey, Trustee of the John E. de B. Blockey
Living Trust dated 9/12/88 89,549 0.51% 59,102
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
Henry D. Bullock 34,718 0.20% 22,914
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
Frederick R. Ito 17,359 0.10% 11,457
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
LGR Investment Fund, Ltd. 80,030 0.46% 52,820
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
Tiger South Brunswick, L.L.C. 2,875 0.02% 1,898
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
Westbrook Real Estate Fund I, L.P. 336,121 1.92% 221,840
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
Westbrook Real Estate Co. Investment Partnership I, L.P. 33,299 0.19% 21,977
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
Denise J. Liszewski 10,277 0.06% 6,750
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
Samuel Tang 6,818 0.04% 4,500
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
David P. Hartsfield 9,091 0.05% 6,000
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
Lawrence J. Taff 4,091 0.02% 2,700
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
Kimberly F. Acquino 1,750 0.01% 1,155
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
M.O.R. XXIX Associates Limited Partnership 148,318 0.85%
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
M.O.R. 44 Gateway Associates Limited Partnership
1 0.00%*
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
17,475,679 100.00% 1,913,545 969,900
- -------------------------------------------------------------- ---------------- ---------------- -------------------- --------------
* Actual Percentage is 0.000006