EXHIBIT 10.1
FIRST AMENDMENT TO FIFTH AMENDED AND RESTATED
UNSECURED REVOLVING CREDIT AGREEMENT
          This First Amendment to Fifth Amended and Restated Unsecured Revolving
Credit Agreement (this “Amendment”) is made as of this 18th day of August, 2008
by and among FIRST INDUSTRIAL, L.P., a Delaware limited partnership
(“Borrower”), FIRST INDUSTRIAL REALTY TRUST, INC., a Maryland corporation
(“Guarantor”), JPMorgan Chase Bank, N.A., as a lender and as “Administrative
Agent,” and the Lenders identified on the signature pages to this Amendment.
RECITALS
          A. Borrower, General Partner, Administrative Agent, and the Lenders
are parties to a Fifth Amendment and Restated Unsecured Credit Agreement dated
as of September 28, 2007 (the “Credit Agreement”). All capitalized terms used in
this Amendment and not otherwise defined herein shall have the meanings ascribed
to such terms in the Credit Agreement.
          B. Pursuant to the terms of the Credit Agreement, the Lenders made
available a credit facility in the initial amount of $500,000,000, subject to
increase to a maximum amount of $700,000,000. The aggregate amount of Domestic
Revolving Commitments is currently $400,000,000 and the aggregate amount of
Global Revolving Commitments is currently $100,000,000.
          C. Borrower has requested a change to the Credit Agreement in order to
reallocate a portion of the Domestic Revolving Commitments to be Global
Revolving Commitments.
          NOW, THEREFORE, in consideration of the foregoing recitals and for
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto agree as follows:
AGREEMENTS
     1. The foregoing recitals to this Amendment are incorporated into and made
a part of this Amendment.
     2. Effective as of the Effective Date (as defined in Section 3 below), the
Domestic Revolving Commitments and Global Revolving Commitments shall be revised
to be the amounts set forth in Exhibit A to this Amendment. Exhibit A to the
Credit Agreement is hereby replaced by Exhibit A to this Amendment. As of the
date hereof, the aggregate amount of Domestic Revolving Commitments is
$339,000,000 and the aggregate amount of Global Revolving Commitments is
$161,000,000. The Lenders further agree that there can be further changes to the
allocation of the Commitments between the Domestic Revolving Commitments and
Global Revolving Commitments without requiring an amendment signed by the
Required Lenders so long as the Amendment regarding such reallocation does not
change the Aggregate Commitment

 

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and is executed by Borrower, Administrative Agent, and each Lender whose
Domestic Revolving Commitment or Global Revolving Commitment is changing.
     3. The “Effective Date” shall be the date on which all the following
conditions shall have been fulfilled:

  (a)   No Event of Default or Potential Default then exists.     (b)   This
Amendment shall have been executed by Borrower, Administrative Agent, the
Required Lenders, and each of the Lenders whose Domestic Commitment or Revolving
Commitment is changing.     (c)   The representations and warranties set forth
in Paragraph 4 shall be true and correct as of such date.     (d)   Borrower
shall have paid to Administrative Agent for the account of the Lenders all fees
due to Lenders in connection with this Amendment.

          If the Effective Date has not occurred by August 31, 2008, either
Borrower or Administrative Agent may elect to terminate this Amendment which
thereupon shall have no further force or effect and the Credit Agreement shall
continue as if this Amendment had not been executed.
     4. Borrower hereby represents and warrants that:

  (a)   no Event of Default or Default exists under the Loan Documents;     (b)
  the Loan Documents are in full force and effect and Borrower has no defenses
or offsets to, or claims or counterclaims relating to, its obligations under the
Loan Documents;     (c)   no changes have been made to the organizational
documents of the Borrower since the date of the Credit Agreement unless such
changes have been previously provided to Administrative Agent;     (d)   there
has been no material adverse change in the financial condition of Borrower since
March 31, 2008, and     (e)   Borrower has full power and authority to execute
this Amendment and no consents are required for such execution other than any
consents which have already been obtained.

- 2 -

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          Borrower agrees that all of its representations and warranties set
forth in Article VI of the Credit Agreement and elsewhere in the Credit
Agreement are true in all material respects (except with respect to matters
which have been disclosed in writing to and approved by the Required Lenders),
except that the Borrower has not updated any Schedules referred to in such
Article VI and the financial statements required under Section 8.2(i) of the
Credit Agreement except with respect to any change otherwise required to be
disclosed which could reasonably be expected to have a Material Adverse Effect.
     5. Except as specifically modified hereby, the Credit Agreement is and
remains unmodified and in full force and effect and is hereby ratified and
confirmed. All references in the Loan Documents to the “Credit Agreement” or the
“Revolving Credit Agreement” henceforth shall be deemed to refer to the Credit
Agreement as amended by this Amendment.
     6. General Partner, in its capacity as Guarantor, hereby consents to the
amendment to the Credit Agreement contained herein and reaffirms its obligations
under the Guaranty delivered by it dated as of September 28, 2007.
     7. This Amendment may be executed in any number of counterparts, all of
which taken together shall constitute one agreement, and any of the parties
hereto may execute this Amendment by signing any such counterpart. This
Amendment shall be construed in accordance with the internal laws (and not the
law of conflicts) of the State of Illinois, but giving effect to federal laws
applicable to national banks.

- 3 -

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          IN WITNESS WHEREOF, the Borrower, the Guarantor, the Lenders and the
Administrative Agent have executed this Amendment as of the date first above
written.

          BORROWER:   FIRST INDUSTRIAL, L.P.
 
       
 
  By:   FIRST INDUSTRIAL REALTY TRUST, INC.,
 
      its General Partner

         
 
  By:   /s/ Scott Musil
 
       
 
  Title:   Scott Musil, Its CAO and Treasurer

          GENERAL PARTNER:   FIRST INDUSTRIAL REALTY TRUST, INC.
 
       
 
  By:   /s/ Scott Musil
 
       
 
  Title:   Scott Musil, Its CAO and Treasurer

S-1

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              LENDERS:   JPMORGAN CHASE BANK, N.A., Individually and as    
 
  Administrative Agent    
 
           
 
  By:
Title:   /s/ Vanessa Chiu
 
Vanessa Chiu, Vice President    

S-2

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                  WACHOVIA BANK, NATIONAL ASSOCIATION,         Individually and
as Syndication Agent:    
 
           
 
  By:
Name:   /s/ Cynthia A. Bean
 
Cynthia A. Bean    
 
  Title:   Vice President    

S-3

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              REGIONS BANK, Individually and as Documentation Agent
 
       
 
  By:   /s/ Lori Chambers
 
       
 
  Name:   Lori Chambers
 
  Title:   Vice President

S-4

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              U.S. BANK, NATIONAL ASSOCIATION, Individually and as Documentation
Agent:
 
       
 
  By:   /s/ Dennis Redpath
 
       
 
  Name:   Dennis Redpath
 
  Title:   Senior Vice President

S-5

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              COMERICA BANK, Individually and as Co-Agent:
 
       
 
  By:   /s/ Leslie A. Vogel
 
       
 
  Name:   Leslie A. Vogel
 
  Title:   Vice President

S-6

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                  PNC BANK, NATIONAL ASSOCIATION, Individually and as Co-Agent:
   
 
           
 
  By:   /s/ Dennis Owen Gallagher    
 
           
 
  Name:   Dennis Owen Gallagher    
 
  Title:   Senior Vice President    

S-7

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                  WELLS FARGO BANK NATIONAL ASSOCIATION, Individually and as
Co-Agent:    
 
           
 
  By:   /s/ Marla S. Bergrin    
 
           
 
  Name:   Marla S. Bergrin    
 
  Title:   Vice President    

S-8

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                  THE BANK OF TOKYO-MITSUBISHI UFJ, LTD.    
 
           
 
  By:   /s/ John Feeney    
 
           
 
  Name:   John Feeney    
 
  Title:   Vice President    

S-9

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                  SUNTRUST BANK    
 
           
 
  By:   /s/ Nancy Richards    
 
           
 
  Name:   Nancy Richards    
 
  Title:   Senior Vice President    

S-10

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                  THE NORTHERN TRUST COMPANY    
 
           
 
  By:   /s/ Robert W. Wiarda    
 
           
 
  Name:   Robert W. Wiarda    
 
  Title:   Vice President    

S-11

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                  CHEVY CHASE BANK, F.S.B.    
 
           
 
  By:        
 
           
 
  Name:        
 
           
 
  Title:        
 
           

S-12

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                  FIRST COMMERCIAL BANK NEW YORK AGENCY    
 
           
 
  By:   /s/ Yu-Mei Hsiao    
 
           
 
  Name:   Yu-Mei Hsiao    
 
  Title:   Assistant General Manager    

S-13

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EXHIBIT A
COMMITMENT AMOUNTS

                              Domestic   Global Bank   Title   Allocation  
Allocation
JPMorgan Chase Bank, N.A.
  Administrative Agent   $ 35,000,000     $ 35,000,000  
Wachovia Bank, National Association
  Syndication Agent     35,000,000       35,000,000  
US Bank, N.A.
  Co-Documentation Agent     30,000,000       30,000,000  
PNC Bank, National Association
  Co-Agent     20,000,000       20,000,000  
The Bank of Tokyo-Mitsubishi UFJ, Ltd.
        15,000,000       15,000,000  
SunTrust Bank
        13,500,000       13,500,000  
The Northern Trust Company
        12,500,000       12,500,000  
Regions Bank
  Co-Documentation Agent     60,000,000       0  
Comerica Bank
  Co-Agent     40,000,000       0  
Wells Fargo Bank
  Co-Agent     38,000,000       0  
First Commercial Bank
        20,000,000       0  
Chevy Chase Bank, F.S.B.
        20,000,000       0            
Total
      $ 339,000,000     $ 161,000,000            

Exhibit A