Exhibit 10.1

 

AGREEMENT

 

This AGREEMENT (the “Agreement”) is made and entered into as of this 13th day of
November, 2008 by and among BEHRINGER HARVARD REIT I, INC., a Maryland
corporation (“BH REIT”), BEHRINGER HARVARD OPERATING PARTNERSHIP I LP, a Texas
limited partnership (“BH OP”), BEHRINGER ADVISORS, LLC, a Texas limited
liability company (“Advisor”), HPT MANAGEMENT SERVICES LP, a Texas limited
partnership (the “Manager”) and BEHRINGER HARVARD TIC MANAGEMENT SERVICES LP, a
Texas limited partnership (the “TIC Manager,” and together with BH REIT, BH OP,
Advisor and Manager, the “Parties”).

 

WHEREAS, BH REIT, BH OP and Manager previously entered into that certain Fifth
Amended and Restated Property Management and Leasing Agreement dated May 15,
2008, as amended by the First Amendment to the Fifth Amended and Restated
Property Management and Leasing Agreement dated June 25, 2008 and the Second
Amendment to the Fifth Amended and Restated Property Management and Leasing
Agreement dated August 13, 2008 and as partially assigned under the Property
Management and Leasing Agreement Transfer dated April 1, 2008 (as amended and
assigned, the “PM Agreement”).

 

WHEREAS, BH REIT and the Advisor previously entered into that certain Fifth
Amended and Restated Property Management and Leasing Agreement dated
December 29, 2006, as amended by the First Amendment to the Fifth Amended and
Restated Property Management and Leasing Agreement dated June 25, 2008 and as
partially assigned under the Assignment of Advisory Management Agreement dated
September 27, 2007 (as amended and assigned, the “AM Agreement”).

 

WHEREAS, BH OP owns tenant-in-common interests in various properties (the “TIC
Properties”) that are subject to tenant-in-common agreements that set forth
property management and asset management fees to be paid to TIC Manager.

 

WHEREAS, the Parties desire to enter this Agreement to clarify when property
management fees are payable for the TIC Properties to the Manager under the PM
Agreement and when advisory management fees are payable for the TIC Properties
to the Advisor under the AM Agreement.

 

NOW, THEREFORE, in consideration of the premises and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
Parties, intending to be legally bound hereby, do hereby agree, as follows:

 

1.                                      Property Management Fees.  For any and
all TIC Properties wholly owned directly or indirectly by BH REIT as listed on
Exhibit A (as may be amended from time to time), the TIC Properties shall
operate under the PM Agreement and pay all applicable fees according to the
terms of the PM Agreement.

 

2.                                      Advisory Management Fees.  For any and
all TIC Properties wholly owned directly or indirectly by BH REIT as listed on
Exhibit A (as may be amended

 

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from time to time), the TIC Properties shall operate under the AM Agreement and
pay all applicable fees according to the terms of the AM Agreement.

 

3.                                      Effective Date.  The Parties agree that
this Agreement is effective as of January 1, 2008.

 

4.                                      Continuing Effect.  Except as otherwise
set forth in this Agreement, the terms of the Agreement shall continue in full
force and effect and shall not be deemed to have otherwise been amended,
modified, revised or altered.

 

[Signature pages follow.]

 

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IN WITNESS WHEREOF, the Parties have duly executed this Agreement as of the date
first written above.

 

 

BEHRINGER HARVARD REIT I, INC.

 

 

 

 

 

By:

/s/ Gerald J. Reihsen, III

 

 

Gerald J. Reihsen, III

 

 

Executive Vice President –

 

 

Corporate Development & Legal

 

 

 

 

 

 

 

BEHRINGER HARVARD OPERATING

 

PARTNERSHIP I LP

 

 

 

By:

BHR, Inc.,

 

 

its general partner

 

 

 

 

 

 

 

By:

/s/ Gerald J. Reihsen, III

 

 

 

Gerald J. Reihsen, III

 

 

 

Executive Vice President –

 

 

 

Corporate Development & Legal

 

 

 

 

 

BEHRINGER ADVISORS, LLC

 

 

 

 

 

By:

/s/ Gerald J. Reihsen, III

 

 

Gerald J. Reihsen, III

 

 

Executive Vice President –

 

 

Corporate Development & Legal

 

 

 

 

 

 

 

HPT MANAGEMENT SERVICES LP

 

 

 

 

 

By:

/s/ Gerald J. Reihsen, III

 

 

Gerald J. Reihsen, III

 

 

Executive Vice President –

 

 

Corporate Development & Legal

 

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BEHRINGER HARVARD TIC
MANAGEMENT SERVICES LP

 

 

 

By:

Behringer Harvard TIC MS GP, Inc.,

 

 

its general partner

 

 

 

 

 

 

By:

/s/ Gerald J. Reihsen, III

 

 

 

Gerald J. Reihsen, III

 

 

 

Executive Vice President –

 

 

 

Corporate Development & Legal

 

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EXHIBIT A

 

Wholly Owned TIC Properties

 

The following properties are tenant-in-common properties wholly owned directly
or indirectly by Behringer Harvard REIT I, Inc.:

 

PROPERTY

 

LOCATION

250 W. Pratt

 

Baltimore, Maryland

Travis Tower

 

Houston, Texas

 

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