EX-10.1


 Exhibit 10.1 

FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT 

THIS FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) dated as of September 30, 2013 by and
among PARKWAY PROPERTIES LP, a limited partnership formed under the laws of the State of Delaware (the “Borrower”), PARKWAY PROPERTIES, INC., a corporation incorporated under the laws of the State of Maryland (the
“Parent”), each of the Lenders party hereto and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (the “Administrative Agent”). 

WHEREAS, the Borrower, the Lenders, the Administrative Agent and certain other parties have entered into that certain Amended and Restated
Credit Agreement dated as of March 30, 2012 (as amended and as in effect immediately prior to the effectiveness of this Amendment, the “Credit Agreement”); and 

WHEREAS, the Borrower, the Lenders party hereto and the Administrative Agent desire to amend certain provisions of the Credit Agreement
subject to the terms and conditions of this Amendment. 
 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 Amendment
to Credit Agreement. The parties hereto agree that the Credit Agreement is amended as follows: 
 (a) The Credit Agreement is hereby
amended by restating the first sentence of Section 9.1.(e) in its entirety to read as follows: 
 The Parent shall not
permit the ratio of (i) the product of (A) Unencumbered Adjusted NOI for the two consecutive fiscal quarters most recently ended multiplied by (B) 2 to (ii) Unsecured Indebtedness of the Parent and its Subsidiaries to be less
than 0.11 to 1.00 at any time; provided, that at any time during the period commencing on July 1, 2013 and ending on December 31, 2013, the Parent shall not permit the ratio of (i) the product of (A) Unencumbered Adjusted
NOI for the two consecutive fiscal quarters most recently ended multiplied by (B) 2 to (ii) Unsecured Indebtedness of the Parent and its Subsidiaries to be less than 0.095 to 1.00. 

(b) The Credit Agreement is hereby further amended by restating Section 9.2.(b) in its entirety to read as follows: 

(b) The Parent and the Borrower shall not, and shall not permit any Subsidiary (other than an Excluded Subsidiary) or any other
Loan Party to, enter into, assume or otherwise be bound by any Negative Pledge except for (i) a Negative Pledge contained in the Term Loan Agreement; (ii) a Negative Pledge contained in the Wells Fargo Term Loan Agreement; (iii) a
Negative Pledge contained in any other agreement (in addition to the Term Loan Agreement and the Wells Fargo Term Loan Agreement) that evidences unsecured Indebtedness which contains restrictions on encumbering assets that are substantially similar
to those restrictions contained in the Loan Documents; (iv) a Negative Pledge contained in any agreement relating to assets to be sold where the restrictions on encumbering assets relate only to such assets pending such sale; (v) a







 
Negative Pledge contained in any agreement (x) evidencing Indebtedness of such Person, but only to the extent that no Default or Event of Default is in existence at the time such
Indebtedness is created, incurred or assumed, nor would result from the creation, incurrence or assumption of such Indebtedness (including without limitation, a Default or Event of Default resulting from a violation of any of the covenants contained
in Section 9.1.); (y) which Indebtedness is secured by a Lien permitted to exist pursuant to this Agreement, and (z) which prohibits the creation of any other Lien on only the property securing such Indebtedness as of the date such
agreement was entered into; and (vi) to the extent constituting a Negative Pledge, a restriction on the direct or indirect transfer of Equity Interests in any Excluded Subsidiary, Unconsolidated Affiliate or any Subsidiary that is not a Wholly
Owned Subsidiary contained in the organizational documents of such Person or any document, instrument or agreement evidencing Secured Indebtedness of such Person permitted to exist pursuant to this Agreement. 

(c) The Credit Agreement is hereby further amended by restating Section 9.3. in its entirety to read as follows: 

Section 9.3. Restrictions on Intercompany Transfers. 

The Parent and the Borrower shall not, and shall not permit any other Loan Party or any other Subsidiary (other than an
Excluded Subsidiary) to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind on the ability of any Subsidiary (other than an Excluded Subsidiary) to: (a) pay dividends or make
any other distribution on any of such Subsidiary’s capital stock or other equity interests owned by the Parent, the Borrower or any other Subsidiary; (b) pay any Indebtedness owed to the Parent, the Borrower or any other Subsidiary;
(c) make loans or advances to the Parent, the Borrower or any other Subsidiary; or (d) transfer any of its property or assets to the Parent, the Borrower or any other Subsidiary (other than the direct or indirect transfer of Equity
Interests in any Excluded Subsidiary); other than (i) with respect to clauses (a) through (d), those encumbrances or restrictions contained in (A) any Loan Document, (B) the Term Loan Agreement, (C) the Wells Fargo Term Loan
Agreement, (D) any other agreement (in addition to the Term Loan Agreement and the Wells Fargo Term Loan Agreement) that evidences unsecured Indebtedness containing encumbrances or restrictions on the actions described above that are
substantially similar to those contained in the Loan Documents, (E) the organizational documents of any Excluded Subsidiary, Unconsolidated Affiliate or any Subsidiary that is not a Wholly Owned Subsidiary (but only to the extent applicable to
the Equity Interest in such Subsidiary or Unconsolidated Affiliate (or any direct or indirect owner of such Equity Interest on account of such ownership) or the property or assets of such Subsidiary or Unconsolidated Affiliate), or (ii) with
respect to clause (d), (A) restrictions contained in any agreement relating to the sale of a Subsidiary (other than the Borrower) or the assets of a Subsidiary pending sale, or relating to Indebtedness secured by a Lien on assets that the
Borrower or a Subsidiary may create, incur, assume, or permit or suffer to exist under Section 9.2.(a), provided that in any such case, the restrictions apply only to the Subsidiary or the assets that are the subject of such sale or Lien, as
the case may be or (B) customary provisions restricting assignment of any agreement entered into by the Parent, the Borrower, any other Loan Party or any Subsidiary in the ordinary course of business. 

  
 2 







 Section 2. Conditions Precedent. The effectiveness of this Amendment is subject to
the truth and accuracy of the representations set forth herein (and incorporated by reference) and receipt by the Administrative Agent of each of the following, each in form and substance satisfactory to the Administrative Agent: 

(a) A counterpart of this Amendment duly executed by the Borrower, the Parent and the Requisite Lenders; 

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

(c) Evidence that the Term Loan Agreement has been amended to conform to certain sections of the Credit Agreement as amended by this Amendment
and such other changes as agreed to by the parties thereto; 
 (d) Evidence that the Wells Fargo Term Loan Agreement has been amended to
conform to certain sections of the Credit Agreement as amended by this Amendment and such other changes as agreed to by the parties thereto; and 

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

Section 3. Representations. Each of the Parent and the Borrower represents and warrants to the Administrative Agent and the
Lenders that: 
 (a) Authorization. Each of the Parent and the Borrower has the right and power, and has taken all necessary action to
authorize such Loan Party, 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 a duly authorized officer of each of the Parent and the Borrower and each of this Amendment and the Credit Agreement as amended by this Amendment is a legal, valid and binding obligation of each of the Parent and the Borrower
enforceable against such Person 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 of the Parent and the Borrower of this Amendment and the performance
by each such Person 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 Governmental
Approval or violate any Applicable Law (including all Environmental Laws) relating to the Parent, the Borrower or any other Loan Party; (ii) conflict with, result in a breach of or constitute a default under the organizational documents of the
Parent, the Borrower or any Loan Party, or any indenture, agreement or other instrument to which the Parent, the Borrower or any other Loan Party is a party or by which it or any of its respective properties may be bound, including without
limitation, the Wells Fargo Term Loan Agreement and the Term Loan Agreement; 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 any Loan Party other than
in favor of the Administrative Agent for its benefit and the benefit of the Lenders and the Issuing Bank. 

  
 3 







 (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
Parent and Borrower. The Borrower and the Parent hereby certify to the Administrative Agent and the Lenders that as of the date hereof and after giving effect to this Amendment, the representations and warranties made or deemed made by each of
the Parent and the Borrower in the Credit Agreement as amended by this Amendment and the other Loan Documents to which the Parent or the Borrower is a party are and shall be true and correct in all material respects (except in the case of a
representation or warranty qualified by materiality, in which case such representation or warranty is and shall be true and correct in all respects) 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, except to the extent that such representations and warranties expressly relate solely to an earlier date (in which case such representations and warranties were true and correct on and as of such
earlier date) and except for changes in factual circumstances specifically and expressly permitted under the Credit Agreement as amended by this Amendment. 

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. This Amendment is a Loan Document. 
 Section 6. Expenses. The
Borrower shall reimburse the Administrative Agent upon demand for all reasonable out-of-pocket costs and expenses (including attorneys’ fees) incurred by the Administrative 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 LAWS OF THE STATE OF NEW YORK
APPLICABLE TO CONTRACTS EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE. 
 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 amendments contained in Section 1 hereof shall be deemed to have prospective application only. The Credit Agreement is
hereby ratified and confirmed in all respects. Nothing in this Amendment shall limit, impair or constitute a waiver of the rights, powers or remedies available to the Administrative Agent or the Lenders under the Credit Agreement or any other Loan
Document. 
 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. 

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

					
	BORROWER:
	
	PARKWAY PROPERTIES LP
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	By:	 	/s/ David R. O’Reilly
		 		 	Name: David R. O’Reilly
		 		 	 Title:   EVP, Chief Financial Officer & Chief

            Investment Officer

			
		 	By:	 	/s/ Jeremy R. Dorsett
		 		 	Name: Jeremy R. Dorsett
		 		 	 Title:   Executive Vice President & General

            Counsel



  

					
	PARENT:
	
	PARKWAY PROPERTIES, INC.
			
		 	By:	 	/s/ David R. O’Reilly
		 		 	Name: David R. O’Reilly
		 		 	 Title:   EVP, Chief Financial Officer & Chief

            Investment Officer

			
		 	By:	 	/s/ Jeremy R. Dorsett
		 		 	Name: Jeremy R. Dorsett
		 		 	 Title:   Executive Vice President & General

            Counsel



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 [Signature Page to Fourth Amendment to Amended and Restated Credit Agreement 

with Parkway Properties LP] 
  

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, as Issuing Bank, as Swingline Lender, and as a
Lender

		
	By:	 	/s/ Andrew W. Hussion
		 	  

		 	Name: Andrew W. Hussion
		 	 Title:   Vice President



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 [Signature Page to Fourth Amendment to Amended and Restated Credit Agreement 

with Parkway Properties LP] 
  

			
	BANK OF AMERICA, N.A., as a Lender
		
	By:	 	/s/ Kyle Erikson Workinger
		 	  

		 	 Name: Kyle Erikson Workinger

		 	 Title:   Vice President



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 [Signature Page to Fourth Amendment to Amended and Restated Credit Agreement 

with Parkway Properties LP] 
  

			
	 PNC BANK, NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	/s/ Ken Carl
		 	  

		 	Name: Ken Carl
		 	Title:   Senior Vice President


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 [Signature Page to Fourth Amendment to Amended and Restated Credit Agreement 

with Parkway Properties LP] 
  

			
	ROYAL BANK OF CANADA, as a Lender
		
	By:	 	/s/ Brian Gross
		 	  

		 	 Name: Brian Gross

		 	 Title:   Authorized Signatory



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 [Signature Page to Fourth Amendment to Amended and Restated Credit Agreement 

with Parkway Properties LP] 
  

			
	KEYBANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	/s/ Timothy Sylvain
		 	  

		 	Name: Timothy Sylvain
		 	Title:   Vice President


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 [Signature Page to Fourth Amendment to Amended and Restated Credit Agreement 

with Parkway Properties LP] 
  

			
	US BANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	/s/ J. Lee Hord
		 	  

		 	Name: J. Lee Hord
		 	Title:   Vice President


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 [Signature Page to Fourth Amendment to Amended and Restated Credit Agreement 

with Parkway Properties LP] 
  

			
	JPMORGAN CHASE BANK, N.A., as a Lender
		
	By:	 	/s/ Rita Lai
		 	  

		 	 Name: Rita Lai

		 	 Title: Senior Credit Banker



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 [Signature Page to Fourth Amendment to Amended and Restated Credit Agreement 

with Parkway Properties LP] 
  

			
	SEASIDE NATIONAL BANK & TRUST, as a Lender
		
	By:	 	/s/ Thomas N. Grant
		 	  

		 	Name: Thomas N. Grant
		 	Title:   Senior Vice President & Chief Credit Officer


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 [Signature Page to Fourth Amendment to Amended and Restated Credit Agreement 

with Parkway Properties LP] 
  

			
	TRUSTMARK NATIONAL BANK, as a Lender
		
	By:	 	/s/ Gretchen Ware
		 	  

		 	Name: Gretchen Ware
		 	Title:   First Vice President








 EXHIBIT A 

FORM OF GUARANTOR ACKNOWLEDGEMENT 

THIS GUARANTOR ACKNOWLEDGEMENT dated as of September 30, 2013 (this “Acknowledgement”) executed by each of the
undersigned (the “Guarantors”) in favor of Wells Fargo Bank, National Association, as Administrative Agent (the “Administrative Agent”) and each “Lender” a party to the Credit Agreement referred to below
(the “Lenders”). 
 WHEREAS, Parkway Properties LP (the “Borrower”), Parkway Properties, Inc. (the
“Parent”), the Lenders, the Administrative Agent and certain other parties have entered into that certain Amended and Restated Credit Agreement dated as of March 30, 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 March 30, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Guaranty”) pursuant to which they guarantied, among other things, the Borrower’s obligations under the Credit
Agreement on the terms and conditions contained in the Guaranty; 
 WHEREAS, the Borrower, the Parent, the Administrative Agent and the
Lenders are to enter into a Fourth 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
Administrative 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 ACKNOWLEDGEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE
WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE. 
 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. 

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

					
	THE GUARANTORS:
	
	PARKWAY PROPERTIES, INC.
		
	 By:
	 	 
		 	Name:	 	 
		 	Title:	 	 
		
	 By:
	 	 
		 	Name:	 	 
		 	Title:	 	 


  

					
	PARKWAY PROPERTIES GENERAL PARTNERS, INC.
		
	 By:
	 	 
		 	Name:	 	 
		 	Title:	 	 
		
	 By:
	 	 
		 	Name:	 	 
		 	Title:	 	 


  

							
	PARKWAY JHLIC LP
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


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 [Signature Page to Guarantor Acknowledgement] 

 

							
	PARKWAY REALTY SERVICES, LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


  

							
	PARKWAY LAMAR LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


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 [Signature Page to Guarantor Acknowledgement] 

 

							
	PARKWAY 214 N. TRYON, LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


  

							
	PARKWAY 525 N. TRYON, LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


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 [Signature Page to Guarantor Acknowledgement] 

 

							
	PARKWAY TOWER PLACE 200, LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


  

							
	PKY 222 S. MILL, LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


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 [Signature Page to Guarantor Acknowledgement] 

 

							
	PKY 400 NORTH BELT, LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


  

							
	PKY 1300 RIVERPLACE, LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


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 [Signature Page to Guarantor Acknowledgement] 

 

							
	PKY 1250 SAM HOUSTON, LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


  

							
	PKY 1325 DAIRY ASHFORD, LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


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 [Signature Page to Guarantor Acknowledgement] 

 

							
	PKY SQUAW PEAK, LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


  

							
	PKY WOODBRANCH, LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


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 [Signature Page to Guarantor Acknowledgement] 

 

							
	PARKWAY 550 SOUTH CALDWELL, LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


  

							
	PKY FUND II TAMPA I, LLC
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 


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 [Signature Page to Guarantor Acknowledgement] 

 

							
	EOLA CAPITAL LLC
		
	By:	 	Eola Office Partners LLC, its sole member
		
	By:	 	Parkway Properties LP, its sole member
		
	By:	 	Parkway Properties General Partners, Inc., its sole general partner
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title:
	 	 
			
		 	 By:
	 	 
		 		 	 Name:
	 	 
		 		 	 Title: