EXHIBIT 4.1 - 5.8.13




Exhibit 4.1














LEXINGTON REALTY TRUST,
Issuer,
CERTAIN SUBSIDIARIES OF LEXINGTON REALTY TRUST,
Subsidiary Guarantors,
and
U.S. BANK NATIONAL ASSOCIATION,
Trustee
NINTH SUPPLEMENTAL INDENTURE


Dated as of May 6, 2013
6.00% Convertible Guaranteed Notes due 2030

























NINTH SUPPLEMENTAL INDENTURE
THIS NINTH SUPPLEMENTAL INDENTURE (this “Ninth Supplemental Indenture”), is entered into as of May 6, 2013, among LEXINGTON REALTY TRUST, a Maryland real estate investment trust (the “Issuer”), CERTAIN SUBSIDIARIES OF THE ISSUER SIGNATORIES HERETO (including subsidiaries of the Issuer subsequently becoming guarantors, the “Subsidiary Guarantors” or the “Guarantors”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association duly organized and existing under the laws of the United States, as Trustee hereunder (the “Trustee”), having its Corporate Trust Office at 100 Wall Street, Suite 1600, New York, New York 10005.
WHEREAS, the Issuer, the Guarantors and the Trustee entered into that certain Indenture dated as of January 29, 2007 (the “Original Indenture”), relating to the Issuer's unsecured debt securities authenticated and delivered under the Original Indenture;
WHEREAS, pursuant to Section 301 of the Original Indenture, the Issuer, the Subsidiary Guarantors and the Trustee established the terms of a series of Securities entitled the “5.45% Exchangeable Guaranteed Notes due 2027” of the Issuer in respect of which the Subsidiary Guarantors are guarantors (the “5.45% Notes”) pursuant to that First Supplemental Indenture dated as of January 29, 2007 among the Issuer, the Subsidiary Guarantors and the Trustee (the “First Supplemental Indenture”);
WHEREAS, pursuant to Section 2.02 of the First Supplemental Indenture and Section 303 of the Original Indenture, the Issuer, the Subsidiary Guarantors and the Trustee increased the aggregate principal amount of the 5.45% Notes by the issuance of Additional Notes pursuant to that Second Supplemental Indenture dated as of March 9, 2007 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Second Supplemental Indenture”);
WHEREAS, pursuant to Section 901(9) of the Original Indenture, the Issuer, the Subsidiary Guarantors and the Trustee amended certain provisions of the Indenture to correct a provision in the Indenture which was defective or inconsistent with any other provision therein pursuant to that Third Supplemental Indenture dated as of June 19, 2007 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Third Supplemental Indenture”);
WHEREAS, pursuant to Section 901(1) of the Original Indenture, the Issuer, the Subsidiary Guarantors and the Trustee amended certain provisions of the Indenture to evidence the succession of Lexington Realty Trust to The Lexington Master Limited Partnership and the assumption by Lexington Realty Trust of the covenants of the Issuer, therein and in the Securities pursuant to that Fourth Supplemental Indenture dated as of December 31, 2008 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Fourth Supplemental Indenture”);
WHEREAS, the Issuer entered into that certain Credit Agreement, dated as of February 13, 2009 (the “Original Credit Agreement”), among the Issuer, Lepercq Corporate Income Fund L.P., Lepercq Corporate Income Fund II L.P., and Net 3 Acquisition L.P., jointly and severally as borrowers, KeyBank National Association, as agent, and each of the financial institutions initially a signatory thereto together with their assignees pursuant to Section 12.5 therein;







WHEREAS, pursuant to Sections 901(2) and 1405 of the Original Indenture, certain subsidiaries of the Issuer that became Lexington Credit Agreement Obligors in connection with the Original Credit Agreement became Subsidiary Guarantors pursuant to that Fifth Supplement Indenture dated as of June 9, 2009 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Fifth Supplement Indenture”); 
WHEREAS, pursuant to Section 301 of the Original Indenture, the Issuer, the Subsidiary Guarantors and the Trustee established the terms of a series of Securities entitled the “6.00% Convertible Guaranteed Notes due 2030” of the Issuer in respect of which the Subsidiary Guarantors are guarantors (the “6.00% Notes”) pursuant to that Sixth Supplemental Indenture dated as of January 26, 2010 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Sixth Supplement Indenture”); 
WHEREAS, the Issuer entered into that certain Amended and Restated Credit Agreement, dated as of January 13, 2012 (the “Amended and Restated Credit Agreement”), among the Issuer, Lepercq Corporate Income Fund L.P. (“LCIF”), and Lepercq Corporate Income Fund II L.P. (“LCIFII”), jointly and severally as borrowers, KeyBank National Association, as administrative agent (“KeyBank”), and each of the financial institutions initially a signatory thereto together with their assignees pursuant to Section 12.5 therein;
WHEREAS, on January 20, 2012, the Issuer repurchased all outstanding 5.45% Notes pursuant to a holder repurchase option and, as a result, the First Supplemental Indenture, the Second Supplemental Indenture and the Third Supplemental Indenture are of no further force and effect;
WHEREAS, pursuant to Sections 901(2) and 1405 of the Original Indenture, certain subsidiaries of the Issuer that became Lexington Credit Agreement Obligors in connection with the Amended and Restated Credit Agreement became Subsidiary Guarantors pursuant to that Seventh Supplement Indenture dated as of September 28, 2012 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Seventh Supplement Indenture”); 
WHEREAS, the Issuer entered into that certain Second Amended and Restated Credit Agreement, dated as of February 12, 2013 (the “New Credit Agreement”), among the Issuer, LCIF, and LCIFII, jointly and severally as borrowers, KeyBank, as administrative agent, and each of the financial institutions initially a signatory thereto together with their assignees pursuant to Section 12.5 therein;
WHEREAS, the Issuer has delivered an Officers' Certificate to the Trustee designating the New Credit Agreement as the Lexington Credit Agreement under the Indenture;
WHEREAS, pursuant to Sections 901(2) and 1405 of the Original Indenture, certain subsidiaries of the Issuer that became Lexington Credit Agreement Obligors in connection with the New Credit Agreement became Subsidiary Guarantors pursuant to that Eighth Supplement Indenture dated as of February 13, 2013 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Eighth Supplement Indenture”; and, together with the Original Indenture, the Fourth Supplement Indenture, the Fifth Supplement Indenture, the Sixth Supplement Indenture and the Seventh Supplement Indenture, the “Indenture”); 







WHEREAS, in connection with the New Credit Agreement and as of the date first set forth above, (1) the Subsidiaries of the Issuer listed on Exhibit A hereto, which were previously Subsidiary Guarantors, are no longer Lexington Credit Agreement Obligors (the “Released Subsidiary Guarantors”), (2) the Subsidiary Guarantors listed on Exhibit B hereto continue to be Lexington Credit Agreement Obligors (the “Existing Subsidiary Guarantors”), and (3) the Subsidiaries of the Issuer listed on Exhibit C hereto, which were not previously Subsidiary Guarantors, are now Lexington Credit Agreement Obligors (the “New Subsidiary Guarantors”);
WHEREAS, pursuant to Section 1404 of the Indenture, the Issuer has delivered an Officers' Certificate to the Trustee informing the Trustee of the termination of all of the obligations under the Lexington Credit Agreement of the Released Subsidiary Guarantors, which released such former Subsidiary Guarantors from all of their obligations under the Indenture and its Guarantee and such Guarantee has terminated;
WHEREAS, Section 1405 of the Indenture requires any Subsidiary of the Issuer that is organized in the United States, any of the States or the District of Columbia and that was not a Lexington Credit Agreement Obligor and becomes a Lexington Credit Agreement Obligor, the Issuer shall arrange for such Subsidiary to execute and deliver to the Trustee, a supplemental indenture pursuant to which such Subsidiary Guarantor shall fully, unconditionally and irrevocably guarantee, as primary obligor and not merely as surety, to each Holder of the Securities and the Trustee the full and punctual payment when due, whether at maturity, by acceleration, by redemption or otherwise, of the Obligations; and
WHEREAS, the Issuer, the Subsidiary Guarantors and the Trustee have duly authorized the execution and delivery of this instrument to amend the Indenture as set forth herein and have done all things necessary to make this instrument a valid agreement of the parties hereto, in accordance with its terms.
NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained herein, and for other good and valuable consideration the receipt of which is hereby acknowledged, and for the equal and proportionate benefit of the Holders of the Notes, the Issuer, the Subsidiary Guarantors and the Trustee agree as follows:
ARTICLE ONE
DEFINITIONS
Section 1.1Definitions.  Capitalized terms used in this instrument and not otherwise defined herein shall have the meanings assigned to such terms in the Indenture.
ARTICLE TWO
NEW SUBSIDIARY GUARANTORS
Section 2.1    New Subsidiary Guarantors.  The New Subsidiary Guarantors fully, unconditionally and irrevocably guarantee, as primary obligor and not merely as surety, to each Holder of the Securities and the Trustee the full and punctual payment when due, whether at maturity, by acceleration, by redemption or otherwise, of the Obligations in accordance with the Indenture.







ARTICLE THREE
MISCELLANEOUS


Section 3.1    Relation to Original Indenture.  This Ninth Supplemental Indenture supplements the Indenture, and shall be a part and subject to all the terms thereof.  Except as supplemented hereby, all of the terms, provisions and conditions of the Indenture, and the Securities issued thereunder shall continue in full force and effect.


Section 3.2    Concerning the Trustee.  The Trustee shall not be responsible for any recital herein (other than as they appear and as they apply to the Trustee) as such recitals shall be taken as statements of the Issuer and the Subsidiary Guarantors, or the validity of the execution by the Issuer or the Subsidiary Guarantors of this Ninth Supplemental Indenture.  The Trustee makes no representations as to the validity or sufficiency of this instrument.


Section 3.3    Effect of Headings.  The Article and Section headings herein are for convenience of reference only and shall not affect the construction hereof.


Section 3.4    Counterparts.  This instrument may be executed in counterparts, each of which shall be deemed an original, but all of which shall together constitute one and the same instrument.


Section 3.5    Governing Law.  This instrument shall be governed by and construed in accordance with the laws of the State of New York.


[signature pages follow]







IN WITNESS WHEREOF, the parties hereto have caused this Ninth Supplemental Indenture to be duly executed as of the day and year first above written.
ISSUER:
	
			
	LEXINGTON REALTY TRUST, a Maryland real estate investment trust, as Issuer of the Notes

	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Executive Vice President




EXISTING SUBSIDARY GUARANTORS:
LEPERCQ CORPORATE INCOME FUND L.P.,
a Delaware limited partnership, as a Subsidiary Guarantor
		
	By:
	Lex GP-1 Trust, its general partner, a Delaware statutory trust


	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President






LEPERCQ CORPORATE INCOME FUND II L.P.,
a Delaware limited partnership, as a Subsidiary Guarantor
		
	By:
	Lex GP-1 Trust, its general partner, a Delaware statutory trust


	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President






Lex GP-1 TRUST, a Delaware statutory trust,
as a Subsidiary Guarantor
	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President











LEX LP-1 TRUST, a Delaware statutory trust,
as a Subsidiary Guarantor
	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President






LEXINGTON REALTY ADVISORS, INC., a Delaware corporation, as a Subsidiary Guarantor
	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President






LSAC OPERATING PARTNERSHIP L.P., a Delaware limited partnership, as a Subsidiary Guarantor
		
	By:
	LSAC General Partner LLC, a Delaware limited liability company, its general partner


		
	By:
	LRA Manager Corp., a Delaware corporation, its manager


	
		
	By:
	/s/ Joseph S. Bonventre

	Name:  Joseph S. Bonventre

	Title:  Vice President




MLP UNIT PLEDGE L.P., a Delaware limited partnership, as a Subsidiary Guarantor
By: MLP Unit Pledge GP LLC, a Delaware limited liability company, its general partner
By:  LRA Manager Corp., a Delaware corporation, its manager
	
		
	By:
	/s/ Joseph S. Bonventre

	Name:  Joseph S. Bonventre

	Title:  Vice President











PHOENIX HOTEL ASSOCIATES LIMITED PARTNERSHIP, an Delaware limited partnership, as a Subsidiary Guarantor
By: Lepercq Corporate Income Fund II L.P., a Delaware limited partnership, its general partner
		
	By:
	Lex GP-1 Trust, its general partner, a Delaware statutory trust


	
		
	By:
	/s/ Joseph S. Bonventre

	Name:  Joseph S. Bonventre

	Title:  Vice President






LEXINGTON/LION VENTURE L.P., a Delaware limited partnership, as a Subsidiary Guarantor
By: LXP GP LLC, a Delaware limited liability company, its general partner
By:  LRA Manager Corp., a Delaware corporation, its manager
	
		
	By:
	/s/ Joseph S. Bonventre

	Name:  Joseph S. Bonventre

	Title:  Vice President






LRA MANAGER CORP. a Delaware corporation, as a Subsidiary Guarantor
	
		
	By:
	/s/ Joseph S. Bonventre

	Name:  Joseph S. Bonventre

	Title:  Vice President






Lexington Tennessee Holdings L.P., a Delaware limited partnership, as a Subsidiary Guarantor
		
	By: 
	Lex GP-1 Trust, its general partner, a Delaware statutory trust


	
		
	By:
	/s/ Joseph S. Bonventre

	Name:  Joseph S. Bonventre

	Title:  Vice President











Lex Chillicothe GP LLC 
Lexington Lakewood Manager LLC 
Lexington Millington Manager LLC 
Lexington Columbus GP LLC 
Lex Shreveport GP LLC 
Lex St. Joseph GP LLC 
Lexington Acquiport Company LLC 
Acquiport Winchester Manager LLC 
Acquiport 600 Manager LLC 
Acquiport 550 Manager LLC 
Lexington Waxahachie Manager LLC 
Lexington Acquiport Sierra LLC 
Lexington Southfield LLC 
Lexington TNI Westlake Manager LLC 
Lexington Bristol GP LLC 
Lexington Dulles Manager LLC 
Lexington Tampa GP LLC 
Lexington Bulverde Manager LLC 
Lexington Shelby GP LLC 
Lexington Olive Branch Manager LLC 
Lexington Florence Manager LLC 
Lexington Toy Trustee LLC 
Lexington Wallingford Manager LLC 
Lexington High Point Manager LLC 
Lex-Property Holdings LLC 
Lex GP Holding LLC 
Lex Westerville GP LLC 
Lexington Duncan Manager LLC 
Lexington Mlp Westerville Manager LLC 
LXP GP, LLC 
NK-ODW/Columbus Property Manager LLC 
NK-Lumberton Property Manager LLC 
NK-Cinn Hamilton Property Manager LLC 
Newkirk Gersant GP LLC
Lex Phoenix GP LLC 


Each, a Delaware limited liability company, as Subsidiary Guarantors


By: LRA Manager Corp., their Manager
	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President











Newkirk Jacway GP LLC
Newkirk Liroc GP LLC 
Newkirk Avrem GP LLC 
Newkirk Walando GP LLC 
Lexington Allen Manager LLC 
Lex Rock Hill GP LLC 
Lexington Lion Cary GP LLC 
Lexington Lion Plymouth GP LLC 
Lexington Collierville Manager LLC 
Lexington Louisville Manager LLC 
Lexington Lake Forest Manager LLC 
Lexington Centennial Manager LLC 
Newkirk MLP Unit LLC 
MLP Unit Pledge GP LLC 
LSAC General Partner LLC 
LSAC Crossville Manager LLC 
Lex Jessup GP LLC 
Newkirk Clifmar GP LLC 
Newkirk Salistown GP LLC 
Newkirk Dalhill GP LLC 
Newkirk Carolion GP LLC 
Newkirk Superwest GP LLC 
Newkirk Elway GP LLC 
Newkirk Johab GP LLC 
Newkirk Washtex GP LLC 
Newkirk Basot GP LLC 
Newkirk Lanmar GP LLC 
Newkirk JLE Way GP LLC 
Newkirk Altenn GP LLC 
Lexington Durham LLC 


Each, a Delaware limited liability company, as Subsidiary Guarantors
By: LRA Manager Corp., their Manager
	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President











Lex Missouri City GP LLC 
Lex Opelika GP LLC 
Lex Valdosta GP LLC 
Lexington American Way LLC 
Lexington Antioch Manager LLC 
Lexington Hampton LLC 
LSAC Oklahoma City Manager LLC 
LSAC Woodlands Manager LLC 
LMLP GP LLC 
Newkirk Croydon GP LLC 
Newkirk Denport GP LLC 
Newkirk Skoob GP LLC 
Newkirk Spokmont GP LLC 
NLSAF Mcdonough Manager LLC 
Triple Net Investment Company LLC 
Xel Florence GP LLC 
Acquiport Temperance LLC 
Acquiport Milford LLC 
Lexington Marshall LLC 
Lexington Palm Beach LLC 
Lexington OC LLC
Net 1 Phoenix L.L.C. 
Lexington Canton LLC 
Net 2 Hampton LLC 
Net 1 Henderson LLC 
Savannah Waterfront Hotel LLC
Lexington Fort Mill Manager LLC 
Acquiport Laurens LLC 
LSAC Eau Claire Manager LLC 
NLSAF Marshall GP LLC 
Lexington Minneapolis LLC 
Net 2 Cox LLC 
Lexington Livonia L.L.C. 


Each, a Delaware limited liability company, as Subsidiary Guarantors
By: LRA Manager Corp., their Manager
	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President











Lexington Glendale Manager LLC 
Lexington TNI Des Moines Manager LLC 
Lexington Foxboro I LLC 
Newkirk Elport GP LLC 
Newkirk Syrcar GP LLC 
NLSAF Jacksonville GP LLC 
Newkirk Bluff GP LLC 
Lex-Eastgar GP LLC 
LSAC Pascagoula Manager LLC 
NLSAF Tampa GP LLC 
Lex Eugene GP LLC


Each, a Delaware limited liability company, as Subsidiary Guarantors
By: LRA Manager Corp., their Manager
	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President




Lex Chillicothe L.P. 
By: Lex Chillicothe GP LLC, its general partner


Lexington Lakewood L.P. 
		
	By:
	Lexington Lakewood Manager LLC, its general partner 




Lexington Millington L.P. 
		
	By:
	Lexington Millington Manager LLC, its general partner 




Lexington Columbus L.P. 
By: Lexington Columbus GP LLC, its general partner 


Each, a Delaware limited partnership, as Subsidiary Guarantors
		
	By:
	LRA Manager Corp., Manager of the general partners


	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President













Lex Shreveport L.P. 
		
	By:
	Lex Shreveport GP LLC, its general partner 




Lex St. Joseph L.P. 
By: Lex St. Joseph GP LLC, its general partner 
Lexington Waxahachie L.P. 
By:  Lexington Waxahachie Manager LLC, its general partner 


Lexington Acquiport Colinas L.P. 
		
	By:
	Lexington Acquiport Sierra LLC, its general partner




Federal Southfield Limited Partnership 
By: Lexington Southfield LLC, its general partner


Lexington TNI Westlake L.P. 
		
	By:
	Lexington TNI Westlake Manager LLC, its general partner 




Lexington Bristol L.P. 
		
	By:
	Lexington Bristol GP LLC, its general partner 




Lexington Tampa L.P. 
		
	By:
	Lexington Tampa GP LLC, its general partner 




Lexington Bulverde L.P. 
		
	By:
	Lexington Bulverde Manager LLC, its general partner 




Lexington Shelby L.P. 
		
	By:
	Lexington Shelby GP LLC, its general partner 




Each, a Delaware limited partnership, as Subsidiary Guarantors
		
	By:
	LRA Manager Corp., Manager of the general partners


	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President











Lexington Toy Lynwood L.P. 
Lexington Toy Clackamas L.P. 
Lexington Toy Tulsa L.P. 
		
	Each By:
	Lexington Toys Trustee LLC, its general partner 




Lex Westerville L.P. 
By: Lex Westerville GP LLC, its general partner 


Lexington Duncan L.P. 
		
	By:
	Lexington Duncan Manager LLC, its general partner 




Lexington MLP Westerville L.P. 
By:  Lexington MLP Westerville Manager LLC, its general partner 


Newkirk Gersant L.P. 
		
	By:
	Newkirk Gersant GP LLC, its general partner 




Newkirk Jacway L.P. 
		
	By:
	Newkirk Jacway GP LLC, its general partner 




Newkirk Liroc L.P. 
		
	By:
	Newkirk Liroc GP LLC, its general partner 




Newkirk Avrem L.P. 
		
	By:
	Newkirk Avrem GP LLC, its general partner 




Newkirk Walando L.P. 
		
	By:
	Newkirk Walando GP LLC, its general partner 




Lex Pheonix L.P.
		
	By:
	Lex Phoenix GP LLC, its general partner




Each, a Delaware limited partnership, as Subsidiary Guarantors
		
	By:
	LRA Manager Corp., Manager of the general partners


	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President











Lexington Allen L.P. 
		
	By:
	Lexington Allen Manager LLC, its general partner 




Lex Rock Hill L.P. 
		
	By:
	Lex Rock Hill GP LLC, its general partner 




Lexington Lion Cary L.P. 
		
	By:
	Lexington Lion Cary GP LLC, its general partner 




Lexington Lion Plymouth L.P. 
		
	By:
	Lexington Lion Plymouth GP LLC, its general partner 




Lexington Collierville L.P. 
		
	By:
	Lexington Collierville Manager LLC, its general partner 




Lexington Louisville L.P. 
		
	By: 
	Lexington Louisville Manager LLC, its general partner 




Lexington Lake Forest L.P. 
		
	By:
	Lexington Lake Forest Manager LLC, its general partner 




LSAC Crossville L.P. 
		
	By:
	LSAC Crossville Manager LLC, its general partner 




Lex Jessup L.P. 
By: Lex Jessup GP LLC, its general partner 


Each, a Delaware limited partnership, as Subsidiary Guarantors
		
	By:
	LRA Manager Corp., Manager of the general partners




	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President











Newkirk Clifmar L.P. 
By: Newkirk Clifmar GP LLC, its general partner 


Newkirk Salistown L.P. 
By: Newkirk Salistown GP LLC, its general partner 


Newkirk Dalhill L.P. 
By: Newkirk Dalhill GP LLC, its general partner 


Newkirk Carolion L.P. 
By: Newkirk Carolion GP LLC, its general partner 


Newkirk Superwest L.P. 
By: Newkirk Superwest GP LLC, its general partner 


Newkirk Elway L.P. 
By: Newkirk Elway GP LLC, its general partner
Newkirk Johab L.P. 
By: Newkirk Johab GP LLC, its general partner 


Newkirk Washtex L.P. 
By: Newkirk Washtex GP LLC, its general partner 


Newkirk Basot L.P. 
By: Newkirk Basot GP LLC, its general partner 


Newkirk Lanmar L.P. 
By: Newkirk Lanmar GP LLC, its general partner 


Newkirk JLE Way L.P. 
By: Newkirk JLE Way GP LLC, its general partner 


Each, a Delaware limited partnership, as Subsidiary Guarantors
By: LRA Manager Corp., Manager of the general partners
	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President











Newkirk Altenn L.P. 
		
	By:
	Newkirk Altenn GP LLC, its general partner 




LSAC Eau Clarie L.P. 
		
	By:
	LSAC Eau Claire Manager LLC, its general partner 




NLSAF Marshall L.P. 
By: NLSAF Marshall GP LLC, its general partner 


Lexington TNI Des Moines L.P. 
		
	By:
	Lexington TNI Des Moines Manager LLC, its general partner 




Newkirk Elport L.P. 
		
	By:
	Newkirk Elport GP LLC, its general partner 




Newkirk Syrcar L.P. 
		
	By:
	Newkirk Syrcar GP LLC, its general partner 




NLSAF Jacksonville L.P. 
		
	By:
	NLSAF Jacksonville GP LLC, its general partner 




Newkirk Bluff L.P. 
		
	By:
	Newkirk Bluff GP LLC, its general partner 




Lex-Eastgar L.P. 
		
	By:
	Lex-Eastgar GP LLC, its general partner 




LSAC Pascagoula L.P. 
		
	By:
	LSAC Pascagoula Manager LLC, its general partner 




NLSAF Tampa L.P. 
		
	By:
	NLSAF Tampa GP LLC, its general partner 




Each, a Delaware limited partnership, as Subsidiary Guarantors
By: LRA Manager Corp., Manager of the general partners
	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President











Lexington Durham Limited Partnership 
		
	By:
	Lexington Durham LLC, its sole general partner 




Lex Eugene L.P. 
		
	By:
	Lex Eugene GP LLC, its general partner 




Lex Missouri City L.P. 
		
	By:
	Lex Missouri City GP LLC, its general partner 




Lex Opelika L.P. 
		
	By:
	Lex Opelika GP LLC, its general partner 




Lex Valdosta L.P. 
		
	By:
	Lex Valdosta GP LLC, its general partner 




LSAC Oklahoma City L.P. 
		
	By:
	LSAC Oklahoma City Manager LLC, its general partner 




LSAC Woodlands L.P. 
		
	By:
	LSAC Woodlands Manager LLC, its general partner 




Newkirk Croydon L.P. 
		
	By:
	Newkirk Croydon GP LLC, its general partner 




Newkirk Denport L.P. 
		
	By:
	Newkirk Denport GP LLC, its general partner 




Newkirk Skoob L.P. 
		
	By:
	Newkirk Skoob GP LLC, its general partner 






Each, a Delaware limited partnership, as Subsidiary Guarantors
		
	By:
	LRA Manager Corp., Manager of the general partners




	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President











Newkirk Spokmont L.P. 
		
	By:
	Newkirk Spokmont GP LLC, its general partner 




NLSAF Mcdonough L.P. 
		
	By:
	NLSAF McDonough Manager LLC, its general partner 




Xel Florence L.P. 
		
	By:
	Xel Florence GP LLC, its general partner 




Net Lease Strategic Assets Fund L.P. 
		
	By:
	LMLP GP LLC, its general partner




Each, a Delaware limited partnership, as Subsidiary Guarantors
		
	By:
	LRA Manager Corp., Manager of the general partners


	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President




Acquiport Winchester LLC 
		
	By:
	Acquiport Winchester Manager LLC, its sole member 




Acquiport Lake Mary 600 LLC 
		
	By:
	Acquiport 600 Manager LLC, its sole member 




Acquiport Lake Mary 550 LLC 
		
	By:
	Acquiport 550 Manager LLC, its sole member 




Each, a Delaware limited liability company, as Subsidiary Guarantors
		
	By:
	LRA Manager Corp., Manager of the general partners


	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President











Lexington Dulles LLC 
		
	By:
	Lexington Dulles Manager LLC, its sole member 




Lexington Olive Branch LLC 
		
	By: 
	Lexington Olive Branch Manager LLC, its sole member 




Lexington Florence LLC 
		
	By:
	Lexington Florence Manager LLC, its sole member 




Lexington Wallingford LLC 
		
	By:
	Lexington Wallingford Manager LLC, its sole member 




Lexington High Point LLC 
		
	By:
	Lexington High Point Manager LLC, its sole member 




Lexington Fort Mill LLC 
		
	By:
	Lexington Fort Mill Manager LLC, its sole member 




NK-ODW/Columbus Property LLC 
By:  NK-ODW/Columbus Property Manager LLC, its sole member 


NK-Lumberton Property LLC 
		
	By:
	NK-Lumberton Property Manager LLC, its sole member 




NK-Cinn Hamilton Property LLC 
By: NK-CINN Hamilton Property Manager LLC, its sole member


Each, a Delaware limited liability company, as Subsidiary Guarantors
		
	By:
	LRA Manager Corp., Manager of the general partners


	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President











Lexington Centennial LLC 
		
	By:
	Lexington Centennial Manager LLC, its general partner 




Lexington Glendale LLC 
		
	By:
	Lexington Glendale Manager LLC, its sole member 




Lexington Antioch LLC 
		
	By:
	Lexington Antioch Manager LLC, its sole member




Each, a Delaware limited liability company, as Subsidiary Guarantors
By: LRA Manager Corp., Manager of the general partners
	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President




NEW SUBSIDIARY GUARANTORS:
Acquiport Brea Manager LLC
Lexington TNI Irving Manager LLC
Lexington Gears Manager LLC
Lexington Tempe Manager LLC
Lexington Memphis (JVF) Manager LLC
Lexington Las Vegas (VEGPOW) Manager LLC
Lexington Columbus (Jackson Street) Manager LLC
Lex Houston GP LLC
Lexington Knoxville Manager LLC
Lexington Foxboro II LLC


Each, a Delaware limited liability company, as New Guarantors


By:  LRA Manager Corp., a Delaware corporation, their manager
	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President











Acquiport Brea L.P.
By:  Acquiport Brea Manager LLC, its general partner


Lexington TNI Irving L.P.
By:  Lexington TNI Irving Manager LLC, its general partner


Lexington Gears L.P.
By:  Lexington Gears Manager LLC, its general partner


Lexington Tempe L.P.
		
	By:
	Lexington Tempe Manager LLC, its general partner




Lex Houston L.P.
		
	By:
	Lex Houston GP LLC, its general partner




Lexington Columbus (Jackson Street) L.P.
		
	By:
	Lexington Columbus (Jackson Street)  Manager LLC, its general partner




Lexington Las Vegas (VEGPOW) L.P.
		
	By:
	Lexington Las Vegas (VEGPOW) Manager LLC, its general partner




Lexington Memphis (JVF) L.P.
		
	By:
	Lexington Memphis (JVF) Manager LLC, its general partner




Each, a Delaware limited partnership, as New Guarantors
    
		
	By:
	LRA Manager Corp., a Delaware corporation, manager of the general partners


    
	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President













Lexington Knoxville LLC, a Delaware limited liability company, as a New Guarantor
By:  Lexington Knoxville Manager LLC, its member


		
	By:
	LRA Manager Corp., a Delaware corporation, manager of the member


    
	
		
	By:
	/s/ Joseph S. Bonventre

	 
	Name:  Joseph S. Bonventre

	 
	Title:  Vice President













TRUSTEE:


U.S. BANK NATIONAL ASSOCIATION,
as Trustee
	
		
	By:
	/s/ William G. Keenan

	 
	Name: William G. Keenan

	 
	Title:  Vice President











Exhibit A


Released Subsidiary Guarantors


	
	
	Lexington Spartanburg LLC

	Lexington Honolulu L.P.

	Lexington Honolulu Manager LLC











Exhibit B


Existing Subsidiary Guarantors


	
	
	Lepercq Corporate Income Fund L.P.

	Lepercq Corporate Income Fund II L.P.

	Lex GP-1 Trust

	Lex LP-1 Trust

	Lexington Olive Branch Manager LLC

	Lexington Realty Advisors, Inc.

	Lexington Southfield LLC

	Lexington Waxahachie Manager LLC

	Lex GP Holding LLC

	Lexington Collierville Manager LLC

	Lexington Duncan Manager LLC

	Lexington Florence Manager LLC

	Lexington Fort Street Trustee LLC

	Lexington Honolulu Manager LLC

	Lexington MLP Westerville Manager LLC

	Lexington Toy Trustee LLC

	Lex-Property Holdings LLC

	LSAC Crossville Manager LLC

	LSAC General Partner LLC

	LSAC Operating Partnership L.P.

	MLP Unit Pledge GP LLC

	MLP Unit Pledge L.P.

	Newkirk Altenn GP LLC

	Newkirk Avrem GP LLC

	Newkirk Basot GP LLC

	Newkirk Carolion GP LLC

	Newkirk Clifmar GP LLC

	Newkirk Dahill GP LLC

	Newkirk Elway GP LLC

	Newkirk Gersant GP LLC

	Newkirk Jacaway GP LLC

	Newkirk JLE WAY GP LLC

	Newkirk Johab GP LLC

	Newkirk Lanmar GP LLC

	Newkirk Liroc GP LLC

	Newkirk MLP Unit LLC

	Newkirk Salistown GP LLC

	Newkirk Sunway GP LLC











	
	
	Newkirk Superwest GP LLC

	Newkirk Walando GP LLC

	Newkirk Washtex GP LLC

	NK-Cinn Hamilton Property Manager LLC

	Lexington Acquiport Company, LLC

	Acquiport 550 Manager LLC

	Acquiport 600 Manager LLC

	Acquiport Winchester Manager LLC

	Lexington Columbus GP LLC

	Lexington Millington Manager LLC

	Lexington Lakewood Manager LLC

	Lex Chillicothe GP LLC

	Lexington Durham LLC (formerly Lexington Durham, Inc.)

	Lexington Acquiport Sierra LLC

	Lexington TNI Westlake Manager LLC

	Phoenix Hotel Associates Limited Partnership

	Lexington Bristol GP LLC

	Lexington Dulles Manager LLC

	Lexington Tampa GP LLC

	Lexington Bulverde Manager LLC

	Lexington Shelby GP LLC

	LXP GP LLC

	Lexington/Lion Venture L.P.

	Lex Westerville GP LLC

	Lexington High Point Manager LLC

	Lexington Wallingford Manager LLC

	Lexington Lake Forest Manager LLC

	Lexington Louisville Manager LLC

	NK-ODW/Columbus Property Manager LLC

	NK-Lumberton Property Manager LLC

	Lexington Allen Manager LLC

	Lex Rock Hill GP LLC

	Lexington Lion Cary GP LLC

	Lexington Centennial Manager LLC

	Lexington Lion Plymouth GP LLC

	Lex Jessup GP LLC

	Lex Shreveport GP LLC

	Lex St. Joseph GP LLC

	LRA Manager Corp.

	Lexington Tennessee Holdings L.P.

	Acquiport Temperance LLC











	
	
	Acquiport Milford LLC

	Lexington Marshall LLC

	Lexington Palm Beach LLC

	Lexington OC LLC

	Net 1 Phoenix L.L.C.

	Lexington Canton LLC

	Net 2 Hampton LLC

	Net 1 Henderson LLC

	Savannah Waterfront Hotel LLC

	Lexington Fort Mill LLC

	Lexington Fort Mill Manager LLC

	Acquiport Laurens LLC

	LSAC Eau Clarie L.P.

	LSAC Eau Claire Manager LLC

	NLSAF Marshall L.P.

	NLSAF Marshall GP LLC

	Lexington Minneapolis LLC

	Net 2 Cox LLC

	Lexington Livonia L.L.C.

	Lexington Glendale LLC

	Lexington Glendale Manager LLC

	Lexington TNI Des Moines L.P.

	Lexington TNI Des Moines Manager LLC

	Lexington Foxboro I LLC

	Newkirk Elport L.P.

	Newkirk Elport GP LLC

	Newkirk Syrcar L.P.

	Newkirk Syrcar GP LLC

	NLSAF Jacksonville L.P.

	NLSAF Jacksonville GP LLC

	Newkirk Bluff L.P.

	Newkirk Bluff GP LLC

	Lex-Eastgar L.P.

	Lex-Eastgar GP LLC

	LSAC Pascagoula L.P.

	LSAC Pascagoula Manager LLC

	NLSAF Tampa L.P.

	NLSAF Tampa GP LLC

	Lex Eugene L.P.

	Lex Eugene GP LLC

	Lex Missouri City L.P.











	
	
	Lex Missouri City GP LLC

	Lex Opelika L.P.

	Lex Opelika GP LLC

	Lex Valdosta L.P.

	Lex Valdosta GP LLC

	Lexington American Way LLC

	Lexington Antioch LLC

	Lexington Antioch Manager LLC

	Lexington Hampton LLC

	LSAC Oklahoma City L.P.

	LSAC Oklahoma City Manager LLC

	LSAC Woodlands L.P.

	LSAC Woodlands Manager LLC

	Net Lease Strategic Assets Fund L.P.

	LMLP GP LLC

	Newkirk Croydon L.P.

	Newkirk Croydon GP LLC

	Newkirk Denport L.P.

	Newkirk Denport GP LLC

	Newkirk Skoob L.P.

	Newkirk Skoob GP LLC

	Newkirk Spokmont L.P.

	Newkirk Spokmont GP LLC

	NLSAF McDonough L.P.

	NLSAF McDonough Manager LLC

	Triple Net Investment Company LLC

	Xel Florence L.P.

	Xel Florence GP LLC

	Lex Chillicothe L.P.

	Lexington Lakewood L.P.

	Lexington Millington L.P.

	Lexington Columbus L.P.

	Lex Shreveport L.P.

	Lex St. Joseph L.P.

	Acquiport Winchester LLC

	Acquiport Lake Mary 600 LLC

	Acquiport Lake Mary 550 LLC

	Lexington Waxahachie L.P.

	Lexington Acquiport Colinas L.P.

	Federal Southfield Limited Partnership

	Lexington TNI Westlake L.P.











	
	
	Lexington Bristol L.P.

	Lexington Dulles LLC

	Lexington Tampa L.P.

	Lexington Bulverde L.P.

	Lexington Shelby L.P.

	Lexington Olive Branch LLC

	Lexington Florence LLC

	Lexington Honolulu L.P.

	Lexington Toy Lynwood L.P.

	Lexington Toy Clackamas L.P.

	Lexington Toy Tulsa L.P.

	Lexington Wallingford LLC

	Lexington High Point LLC

	Lex Westerville L.P.

	Lexington Duncan L.P.

	Lexington MLP Westerville L.P.

	NK-ODW/Columbus Property LLC

	NK-Lumberton Property LLC

	NK-CINN Hamilton Property LLC

	Newkirk Gersant L.P.

	Newkirk Jacway L.P.

	Newkirk Liroc L.P.

	Newkirk Avrem L.P.

	Newkirk Walando L.P.

	Lexington Allen L.P.

	Lex Rock Hill L.P.

	Lexington Lion Cary L.P.

	Lexington Lion Plymouth L.P.

	Lexington Collierville L.P.

	Lexington Louisville L.P.

	Lexington Lake Forest L.P.

	Lexington Centennial LLC

	LSAC Crossville L.P.

	Lex Jessup L.P.

	Newkirk Clifmar L.P.

	Newkirk Salistown L.P.

	Newkirk Dalhill L.P.

	Newkirk Carolion L.P.

	Newkirk Superwest L.P.

	Newkirk Elway L.P.

	Newkirk Johab L.P.











	
	
	Newkirk Washtex L.P.

	Newkirk Basot L.P.

	Newkirk Lanmar L.P.

	Newkirk JLE Way L.P.

	Newkirk Altenn L.P.

	Lexington Durham Limited Partnership

	Lex Phoenix L.P.

	Lex Phoenix GP LLC













Exhibit C


New Subsidiary Guarantors


Acquiport Brea Manager LLC
Acquiport Brea L.P.
Lexington TNI Irving Manager LLC
Lexington TNI Irving L.P.
Lexington Gears Manager LLC
Lexington Gears L.P.
Lexington Tempe Manager LLC
Lexington Tempe L.P.
Lexington Memphis (JVF) Manager LLC
Lexington Memphis (JVF) L.P.
Lexington Las Vegas (VEGPOW) Manager LLC
Lexington Las Vegas (VEGPOW) L.P.
Lexington Columbus (Jackson Street) Manager LLC
Lexington Columbus (Jackson Street) L.P.
Lex Houston GP LLC
Lex Houston L.P.
Lexington Knoxville Manager LLC
Lexington Knoxville LLC
Lexington Foxboro II LLC