FIRST AMENDMENT TO AMENDED AND RESTATED AGREEMENT

This FIRST AMENDMENT TO AMENDED AND RESTATED AGREEMENT (this “Amendment”) dated
as of June 22, 2012, but effective as of January 13, 2012, by and among
LEXINGTON REALTY TRUST, a real estate investment trust formed under the laws of
the State of Maryland (the “Trust”), LEPERCQ CORPORATE INCOME FUND L.P., a
limited partnership formed under the laws of the State of Delaware (“LCIF”), and
LEPERCQ CORPORATE INCOME FUND II L.P., a limited partnership formed under the
laws of the State of Delaware (collectively with the Trust and LCIF, the
“Borrowers” and each a “Borrower”), each of the Lenders party hereto, and
KEYBANK NATIONAL ASSOCIATION, as Administrative Agent (the “Agent”).

WHEREAS, the Borrowers, the Lenders, the Agent and certain other parties have
entered into that certain Amended and Restated Credit Agreement dated as of
January 13, 2012 (as in effect immediately prior to the date hereof, the “Credit
Agreement”); and

WHEREAS, the Borrower, the Lenders and the Agent desire to amend certain
provisions of the Credit Agreement on the terms and conditions contained herein.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged by the parties hereto, the parties hereto
hereby agree as follows:

Section 1. Specific Amendments to Credit Agreement. The parties hereto agree
that the Credit Agreement is amended effective as of January 13, 2012, by
deleting the word “and” at the end of Section 9.2(e), replacing the “.” at the
end of Section 9.2(f) with “; and” and adding the following new subsection (g)
immediately following Section 9.2(f):

(g)    The Trust may redeem its Preferred Equity Interests.

Section 2. Conditions Precedent. The effectiveness of this Amendment is subject
to receipt by the Agent of each of the following, each in form and substance
satisfactory to the Agent:

(a)    A counterpart of this Amendment duly executed by the Borrowers and the
Lenders;

(b)    A Guarantor Acknowledgement substantially in the form of Exhibit A
attached hereto, executed by each Guarantor; and

(c)    Such other documents, instruments and agreements as the Agent may
reasonably request.

Section 3. Representations. Each Borrower represents and warrants to the Agent
and each Lender as follows:

(a)    Authorization. Each Borrower has the right and power, and has taken all
necessary action to authorize it, to execute and deliver this Amendment and to
perform its obligations hereunder and under the Credit Agreement, as amended by
this Amendment, in accordance with their respective terms. This Amendment has
been duly executed and delivered by the duly authorized officers of each
Borrower and each of this Amendment and the Credit Agreement, as amended by this
Amendment, is a legal, valid and binding obligation of each Borrower enforceable
against each Borrower in accordance with its respective terms except as the same
may be limited by bankruptcy, insolvency, and other similar laws affecting the
rights of creditors generally and the availability of equitable remedies for the
enforcement of certain obligations (other than the payment of principal)
contained herein or therein and as may be limited by equitable principles
generally.

--------------------------------------------------------------------------------

(b)    Compliance with Laws, etc. The execution and delivery by each Borrower of
this Amendment and the performance by each Borrower of this Amendment and the
Credit Agreement, as amended by this Amendment, in accordance with their
respective terms, do not and will not, by the passage of time, the giving of
notice or otherwise: (i) require any Government Approvals or violate any
Applicable Laws relating to any Borrower; (ii) conflict with, result in a breach
of or constitute a default under the organizational documents of any Borrower or
any indenture, agreement or other instrument to which any Borrower is a party or
by which it or any of its properties may be bound; or (iii) result in or require
the creation or imposition of any Lien upon or with respect to any property now
owned or hereafter acquired by the Borrower.

(c)    No Default. No Default or Event of Default has occurred and is continuing
as of the date hereof nor will exist immediately after giving effect to this
Amendment.

Section 4. Reaffirmation of Representations by Borrowers. Each Borrower hereby
repeats and reaffirms all representations and warranties made by such Borrowers
to the Agent and the Lenders in the Credit Agreement and the other Loan
Documents to which it is a party on and as of the date hereof with the same
force and effect as if such representations and warranties were set forth in
this Amendment in full.

Section 5. Certain References. Each reference to the Credit Agreement in any of
the Loan Documents shall be deemed to be a reference to the Credit Agreement as
amended by this Amendment.

Section 6. Expenses. The Borrower shall reimburse the Agent upon demand for all
reasonable out-of-pocket costs and expenses (including attorneys' fees) actually
incurred by the Agent in connection with the preparation, negotiation and
execution of this Amendment and the other agreements and documents executed and
delivered in connection herewith.

Section 7. Benefits. This Amendment shall be binding upon and shall inure to the
benefit of the parties hereto and their respective successors and assigns.

Section 8. GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS
EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE (INCLUDING, FOR SUCH PURPOSE,
SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAWS OF THE STATE OF NEW
YORK).

Section 9. Effect. Except as expressly herein amended, the terms and conditions
of the Credit Agreement and the other Loan Documents remain in full force and
effect. The amendment contained herein shall be deemed to be effective as of
January 13, 2012.

Section 10. Counterparts. This Amendment may be executed in any number of
counterparts, each of which shall be deemed to be an original and shall be
binding upon all parties, their successors and assigns.

Section 11. Definitions. All capitalized terms not otherwise defined herein are
used herein with the respective definitions given them in the Credit Agreement.

- 2 -

--------------------------------------------------------------------------------

[Signatures on Next Page]

- 3 -

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to
Credit Agreement to be executed as of the date first above written.

LEXINGTON REALTY TRUST

By: /s/ Joseph S. Bonventre            
Name: Joseph Bonventre
Title: Executive Vice President

LEPERCQ CORPORATE INCOME FUND L.P.
LEPERCQ CORPORATE INCOME FUND II L.P.

Each By: LEX GP-1 Trust, its sole general partner

By: /s/ Joseph S. Bonventre            
Name:     Joseph Bonventre
Title:     Vice President

[Signatures Continue on Next Page]

--------------------------------------------------------------------------------

[Signature Page to First Amendment to Amended and Restated Credit Agreement with
Lexington Realty Trust et al.]

KEYBANK NATIONAL ASSOCIATION, as Agent and as a Lender

By:
/s/ Jane E. McGrath
Name:
Jane E. McGrath
Title:
Vice President

[Signatures Continue on Next Page]

--------------------------------------------------------------------------------

[Signature Page to First Amendment to Amended and Restated Credit Agreement with
Lexington Realty Trust et al.]

WELLS FARGO BANK, NATIONAL ASSOCIATION

By:
/s/ D. Bryan Gregory
Name:
D. Bryan Gregory
Title:
Director

    

--------------------------------------------------------------------------------

[Signature Page to First Amendment to Amended and Restated Credit Agreement with
Lexington Realty Trust et al.]

U.S. BANK NATIONAL ASSOCIATION

By:
/s/ Gordon Clough
Name:
Gordon Clough
Title:
Vice President

    

--------------------------------------------------------------------------------

[Signature Page to First Amendment to Amended and Restated Credit Agreement with
Lexington Realty Trust et al.]

BANK OF AMERICA, N.A.

By:
/s/ Kurt Mathison
Name:
Kurt Mathison
Title:
Senior Vice President

--------------------------------------------------------------------------------

[Signature Page to First Amendment to Amended and Restated Credit Agreement with
Lexington Realty Trust et al.]

PNC BANK, N.A.

By:
/s/ Luis Donoso
Name:
Luis Donoso
Title:
Vice President

    

--------------------------------------------------------------------------------

[Signature Page to First Amendment to Amended and Restated Credit Agreement with
Lexington Realty Trust et al.]

REGIONS BANK

By:
/s/ Kerri Raines
Name:
Kerri Raines
Title:
Vice President

    

--------------------------------------------------------------------------------

[Signature Page to First Amendment to Amended and Restated Credit Agreement with
Lexington Realty Trust et al.]

ROYAL BANK OF CANADA

By:
/s/ Dan LePage
Name:
Dan LePage
Title:
Authorized Signatory

    

--------------------------------------------------------------------------------

[Signature Page to First Amendment to Amended and Restated Credit Agreement with
Lexington Realty Trust et al.]

RBS CITIZENS, N.A. d/b/a CHARTER ONE

By:
/s/ Donald Woods
Name:
Donald Woods
Title:
Senior Vice President

    

--------------------------------------------------------------------------------

[Signature Page to First Amendment to Amended and Restated Credit Agreement with
Lexington Realty Trust et al.]

BARCLAYS BANK PLC

By:
/s/ Diane Rolfe
Name:
Diane Rolfe
Title:
Director

    

--------------------------------------------------------------------------------

[Signature Page to First Amendment to Amended and Restated Credit Agreement with
Lexington Realty Trust et al.]

COMPASS BANK

By:
/s/ Don Byerly
Name:
Don Byerly
Title:
Senior Vice President

    

--------------------------------------------------------------------------------

[Signature Page to First Amendment to Amended and Restated Credit Agreement with
Lexington Realty Trust et al.]

CAPITAL ONE, N.A.

By:
/s/ Frederick H. Denecke
Name:
Frederick H. Denecke
Title:
Vice President

    

--------------------------------------------------------------------------------

[Signature Page to First Amendment to Amended and Restated Credit Agreement with
Lexington Realty Trust et al.]

BRANCH BANKING AND TRUST COMPANY

By:
/s/ Ahaz A. Armstrong
Name:
Ahaz A. Armstrong
Title:
Assistant Vice President

    

--------------------------------------------------------------------------------

[Signature Page to First Amendment to Amended and Restated Credit Agreement with
Lexington Realty Trust et al.]

TD BANK, N.A.

By:
/s/ Brian Welch
Name:
Brian Welch
Title:
Senior Vice President

    

--------------------------------------------------------------------------------

EXHIBIT A

FORM OF GUARANTOR ACKNOWLEDGEMENT

THIS GUARANTOR ACKNOWLEDGEMENT dated as of June ___, 2012 (this
“Acknowledgement”) executed by each of the undersigned (the “Guarantors”) in
favor of KEYBANK NATIONAL ASSOCIATION, as Administrative Agent (the “Agent”) and
each “Lender” a party to the Credit Agreement referred to below (the “Lenders”).

WHEREAS, Lexington Realty Trust, a real estate investment trust formed under the
laws of the State of Maryland (the “Trust”), Lepercq Corporate Income Fund L.P.,
a limited partnership formed under the laws of the State of Delaware (“LCIF”),
and Lepercq Corporate Income Fund II L.P., a limited partnership formed under
the laws of the State of Delaware (collectively with the Trust and LCIF, the
“Borrowers” and each a “Borrower”), the Lenders, the Agent and certain other
parties have entered into that certain Amended and Restated Credit Agreement
dated as of January 13, 2012 (as amended, restated, supplemented or otherwise
modified from time to time, the “Credit Agreement”);

WHEREAS, each of the Guarantors is a party to that certain Guaranty dated as of
January 13, 2012 (as amended, restated, supplemented or otherwise modified from
time to time, the “Guaranty”) pursuant to which they guarantied, among other
things, the Borrowers' obligations under the Credit Agreement on the terms and
conditions contained in the Guaranty;

WHEREAS, the Borrower, the Agent and the Lenders are to enter into a First
Amendment to Amended and Restated Credit Agreement dated as of the date hereof
(the “Amendment”), to amend the terms of the Credit Agreement on the terms and
conditions contained therein; and

WHEREAS, it is a condition precedent to the effectiveness of the Amendment that
the Guarantors execute and deliver this Acknowledgement.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged by the parties hereto, the parties hereto agree
as follows:

Section 1. Reaffirmation. Each Guarantor hereby reaffirms its continuing
obligations to the Agent and the Lenders under the Guaranty and agrees that the
transactions contemplated by the Amendment shall not in any way affect the
validity and enforceability of the Guaranty, or reduce, impair or discharge the
obligations of such Guarantor thereunder.

Section 2. Governing Law. THIS ACKNOWLEDGMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO
CONTRACTS EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE (INCLUDING, FOR
SUCH PURPOSE, SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAWS OF THE
STATE OF NEW YORK)..

Section 3. Counterparts. This Acknowledgement may be executed in any number of
counterparts, each of which shall be deemed to be an original and shall be
binding upon all parties, their successors and assigns.

[Signatures on Next Page]

A-1

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, each Guarantor has duly executed and delivered this
Guarantor Acknowledgement as of the date and year first written above.

GUARANTORS:

LEXINGTON ACQUIPORT COMPANY, LLC
LEXINGTON DUNCAN MANAGER LLC
LEXINGTON MLP WESTERVILLE MANAGER LLC
LEXINGTON LAC LENEXA GP LLC
LEXINGTON LAKEWOOD MANAGER LLC
LEXINGTON MILLINGTON MANAGER LLC
LEXINGTON COLUMBUS GP LLC
LEX CHILLICOTHE GP LLC
LEX WESTERVILLE GP LLC
LEX ROCK HILL GP LLC
LEXINGTON ALLEN MANAGER LLC

Each By: Lexington Realty Trust, its sole member

By:
 
Name:
Joseph S. Bonventre
Title:
Executive Vice President

ACQUIPORT 550 MANAGER LLC
ACQUIPORT 600 MANAGER LLC
ACQUIPORT WINCHESTER MANAGER LLC

Each By: Lexington Acquiport Company, LLC, its sole member

By: Lexington Realty Trust, its sole member
By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LEX LP-1 TRUST

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

[Signatures Continue on Next Page]

A-2

--------------------------------------------------------------------------------

[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

LEX GP-1 TRUST

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

PHOENIX HOTEL ASSOCIATES LIMITED PARTNERSHIP

By:     Lepercq Corporate Income Fund II L.P.,
its sole general partner

By: Lex GP-1 Trust, its sole general partner

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LEXINGTON BRISTOL GP LLC
LEXINGTON DULLES MANAGER LLC

Each By: Phoenix Hotel Associates Limited Partnership,
its sole member

By:     Lepercq Corporate Income Fund II L.P.,
its sole general partner

By: Lex GP-1 Trust, its sole general partner

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LEXINGTON SHELBY GP LLC
LEXINGTON TAMPA GP LLC

Each By: Lepercq Corporate Income Fund II L.P.,
its sole member

By: Lex GP-1 Trust, its sole general partner

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

[Signatures Continue on Next Page]

A-3

--------------------------------------------------------------------------------

[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

LEXINGTON FLORENCE MANAGER LLC
LEXINGTON FORT STREET TRUSTEE LLC
LEXINGTON HONOLULU MANAGER LLC
LEXINGTON SOUTHFIELD LLC
LEXINGTON TOY TRUSTEE LLC
LEXINGTON OLIVE BRANCH MANAGER LLC
LEXINGTON LAKE FOREST MANAGER LLC
LEXINGTON WALLINGFORD MANAGER LLC
LEXINGTON HIGH POINT MANAGER LLC
LEXINGTON COLLIERVILLE MANAGER LLC
LEXINGTON LOUISVILLE MANAGER LLC
LEXINGTON TNI WESTLAKE MANAGER LLC

Each By: Lepercq Corporate Income Fund L.P., its sole member

By: Lex GP-1 Trust, its sole general partner

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LEX GP HOLDING LLC

By: MLP Manager Corp., its sole manager

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

ACQUIPORT SIERRA MANAGER CORP.

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LEXINGTON ACQUIPORT SIERRA LLC

By: Acquiport Sierra Manager Corp., its sole manager

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

[Signatures Continue on Next Page]

A-4

--------------------------------------------------------------------------------

[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

NEWKIRK ALTENN GP LLC
NEWKIRK AVREM GP LLC
NEWKIRK BASOT GP LLC
NEWKIRK CAROLION GP LLC
NEWKIRK CLIFMAR GP LLC
NEWKIRK DALHILL GP LLC
NEWKIRK ELWAY GP LLC
NEWKIRK GERSANT GP LLC
NEWKIRK JACWAY GP LLC
NEWKIRK JLE WAY GP LLC
NEWKIRK JOHAB GP LLC
NEWKIRK LANMAR GP LLC
NEWKIRK LIROC GP LLC
NEWKIRK ORPER GP LLC
NEWKIRK SALISTOWN GP LLC
NEWKIRK SUNWAY GP LLC
NEWKIRK SUPERWEST GP LLC
NEWKIRK WALANDO GP LLC
NEWKIRK WASHTEX GP LLC

Each By: MLP Manager Corp., its sole manager

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LEX-PROPERTY HOLDINGS LLC

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

NK-ODW/COLUMBUS PROPERTY MANAGER LLC
NK-LUMBERTON PROPERTY MANAGER LLC
NK-CINN HAMILTON PROPERTY MANAGER LLC

Each By: Lex-Property Holdings LLC, its sole member

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

[Signatures Continue on Next Page]

A-5

--------------------------------------------------------------------------------

[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

LSAC GENERAL PARTNER LLC

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LSAC OPERATING PARTNERSHIP L.P.

By: LSAC General Partner LLC, its sole general partner

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LSAC CROSSVILLE MANAGER LLC

By: LSAC Operating Partnership L.P., its sole member

By: LSAC General Partner LLC, its sole general partner
By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LXP I TRUST

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LXP I, L.P.

By: LXP I Trust, its sole general partner

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

[Signatures Continue on Next Page]

A-6

--------------------------------------------------------------------------------

[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

LEXINGTON REALTY ADVISORS, INC.

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LEXINGTON WAXAHACHIE MANAGER LLC

By: Lexington Realty Advisors, Inc., its sole member

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LEXINGTON DURHAM INC.

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

NEWKIRK MLP UNIT LLC

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

MLP UNIT PLEDGE GP LLC

By: Newkirk MLP Unit LLC, its sole member

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

[Signatures Continue on Next Page]

A-7

--------------------------------------------------------------------------------

MLP UNIT PLEDGE L.P.

By: MLP Unit Pledge GP LLC, its sole general partner

By: Newkirk MLP Unit LLC, its sole member

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LEXINGTON/LION VENTURE L.P.

By: LXP GP LLC, general partner

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LEXINGTON LION CARY GP LLC

By: Lexington/Lion Venture L.P., member

By: LXP GP LLC, general partner

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

LXP GP LLC

By:
 
Name:
Joseph S. Bonventre
Title:
Vice President

A-8