Exhibit 10.1.5

 

Fourth Amendment
To
Second Amended and Restated
Limited Partnership Agreement
Of
Corporate Office Properties, L.P.

 

This Fourth Amendment (the “Amendment”) to the Second Amended and Restated Limited Partnership Agreement Of Corporate Office Properties, L.P., a Delaware limited partnership (the “Partnership”), is made and entered into as of November 27, 2000 by the undersigned.

 

Recitals

 

A.            The Partnership is a limited partnership organized under the Delaware Revised Uniform Limited Partnership Act and governed by that certain Second Amended and Restated Limited Partnership Agreement dated as of December 7, 1999 (the “Partnership Agreement”).

 

B.            The sole general partner of the Partnership is Corporate Office Properties Trust, a real estate investment trust formed under the laws of the State of Maryland (the “General Partner”).

 

C.            Pursuant to Section 11.1 (b) (iii), the General Partner desires to amend the Partnership Agreement to reflect the admission, substitution, termination and/or withdrawal of various limited partners in accordance with the terms of the Partnership Agreement.

 

NOW THEREFORE, the General Partner, intending to be legally bound, hereby amends the Partnership Agreement as follows, effective as of the date first set forth above.

 

1.                                       Exhibit 1, Schedule of Partners, as attached hereto and by this reference made a part hereof, is hereby substituted for and intended to replace any prior Exhibit 1 attached to a prior Amendment to the Partnership Agreement, and as attached hereto shall be a full and complete listing of all the general and limited partners of the Partnership as of the date of this Amendment, same being intended and hereby superceding all prior Exhibit 1 listings.

 

In Witness Whereof, the General Partner has executed this Amendment as of the day and year first above written.

 

 

 

Corporate Office Properties Trust, a
Maryland Real Estate Investment Trust

 

 

 

 

 

 

 

 

By:

/s/ Roger A. Waesche, Jr.

 

 

 

 

Roger A. Waesche, Jr.

 

 

 

Senior Vice President

 



Exhibit 1

 

Schedule of Partners

 

General Partner

 

Partnership
Units

 

Series A
Preferred
Partnership
Units

 

Series B
Preferred
Partnership
Units

 

Series C
Preferred
Partnership
Units

 

Corporate Office Properties Trust

 

18,275,296

 

1

 

1,250,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Limited Partners and Preferred Limited Partners

 

 

 

 

 

 

 

 

 

United Properties Group, Incorporated

 

 

 

 

 

 

 

1,016,662

 

Jay H. Shidler

 

452,878

 

 

 

 

 

 

 

Shidler Equities, L.P.

 

2,995,439

 

 

 

 

 

 

 

Clay W. Hamlin, III

 

587,292

 

 

 

 

 

 

 

LBCW Limited Partnership

 

3,246,007

 

 

 

 

 

 

 

Anthony Muscatello

 

90,905

 

 

 

 

 

 

 

Lynn B. Hamlin

 

121,411

 

 

 

 

 

 

 

Robert L. Denton

 

434,910

 

 

 

 

 

 

 

James K. Davis

 

51,589

 

 

 

 

 

 

 

John E. De B. Blockey, Trustee of the John E. de B. Blockey Living Trust dated 9/12/88

 

300,625

 

 

 

 

 

 

 

Henry  D. Bullock

 

116,553

 

 

 

 

 

 

 

Frederick K. Ito Trust

 

29,140

 

 

 

 

 

 

 

June Y. I. Ito Trust

 

29,135

 

 

 

 

 

 

 

Reger Investment Fund

 

268,671

 

 

 

 

 

 

 

Denise J. Liszewski

 

34,333

 

 

 

 

 

 

 

Samuel Tang

 

22,889

 

 

 

 

 

 

 

David P. Hartsfield

 

30,519

 

 

 

 

 

 

 

Lawrence J. Taff

 

13,733

 

 

 

 

 

 

 

Kimberly F. Acquino

 

5,874

 

 

 

 

 

 

 

M.O.R. XXIX Associates Limited Partnership

 

148,381

 

 

 

 

 

 

 

M.O.R. 44 Gateway Associates Limited Partnership

 

1

 

 

 

 

 

 

 

Enterprise Nautical, Inc.

 

50,000

 

 

 

 

 

 

 

John Parsinen

 

90,000

 

 

 

 

 

 

 

John Parsinen, Jr.

 

10,000

 

 

 

 

 

 

 

New Parkway Domain Group Enterprises, LLC

 

206,768

 

 

 

 

 

 

 

M.O.R. Commons Limited Partnership

 

7

 

 

 

 

 

 

 

John Edward De Burgh Blockey and Sanda Juanita Blockey

 

50,476

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

27,662,832

 

1

 

1,250,000

 

1,016,662

 

 

2



 

EXHIBIT 1 ADDENDUM

 

Series
Preferred
Units

 

Preferred
Limited Partner

 

No. of
Preferred
Units

 

Liquidation
Preference
Per
Preferred
Unit

 

Priority
Return
Percentage

 

Priority

 

Conversion
Factor

 

Conversion
Commencement
Date

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

A

 

General Partner

 

1

 

$

25

 

1.375

%

Senior

 

1.8748

 

8/28/2000

 

B

 

General Partner

 

1,250,000

 

$

25

 

2.50

%

Senior

 

None

 

N/A

 

C

 

UPG

 

1,016,662

 

$

25

 

 

**

Senior

 

2.381

 

12/22/2000

 

 


*              Priority Return Percentage is expressed per Distribution Period.

 

**           Priority Percentage Return for the Series C Preferred Units shall be:
2.25% from December 21, 1999 to December 20, 2009;
2.625% from December 21, 2009 to December 20, 2014; and
3.00% thereafter.

 

The Distribution Period for the Series C Preferred Units shall be each calendar quarter ending March 31, June 30, September 30 and December 31 of each year.

 

3