Document:

Exhibit 10.6

		

			Exhibit 10.6

		

		

			Execution Version

		

		

			 

		

		
			INCREMENTAL AMENDMENT
		

		
			This INCREMENTAL AMENDMENT, dated as of July 17, 2015 (this “Incremental Amendment”), is by and among GPT PROPERTY TRUST LP, a Delaware limited partnership (the “Borrower”), the Lenders party hereto and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (the “Administrative Agent”).  Reference is made to that certain Revolving Credit and Term Loan Agreement, dated as of June 9, 2014 (as amended, modified, restated and supplemented, the “Credit Agreement”), by and among the Borrower, the Lenders referenced therein and the Administrative Agent. Capitalized terms used herein without definition shall have the same meanings as set forth in the Credit Agreement, as amended hereby.
		

		
			RECITALS
		

		
			WHEREAS, pursuant to Section 2.04 of the Credit Agreement, the Borrower has requested, and the Lenders set forth on Schedule 1 hereto (the “U.S. Revolver Increasing Lenders”) and Morgan Stanley Senior Funding, Inc. (the “New Lender”) have agreed, to increase the U.S. Revolving Commitments in an aggregate amount equal to $100,000,000 (the “New Revolving Commitment”) under the Credit Agreement as set forth herein; and 
		

		
			WHEREAS, pursuant to Section 2.04 of the Credit Agreement, the Borrower has requested, and the Lenders set forth on Schedule 2 hereto (the “Term Loan Increasing Lenders”) have agreed, to make additional Term Loans in an aggregate amount equal to $100,000,000 (the “New Term Loan Commitment”) under the Credit Agreement as set forth herein; 
		

		
			NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows:
		

			
	
			
				SECTION 1.
			  AMENDMENT TO CREDIT Agreement.  

		
			As of the Incremental Amendment Effective Date (as defined in Section 7 hereof), the chart on Schedule 2.01 to the Credit Agreement entitled “U.S. Revolving Commitments” and “Term Loan Commitments” are hereby deleted in their entirety and the charts on Schedule 3 and Schedule 4 hereto are substituted in place thereof.
		

			
	
			
				SECTION 2.
			  U.S. Revolving Commitments.  

		
			Upon the Incremental Amendment Effective Date, the aggregate U.S. Revolving Commitments are hereby increased from $350,000,000 to $450,000,000.
		

		
			  Upon the Incremental Amendment Effective Date, each of the U.S. Revolver Increasing Lenders increases its respective U.S. Revolving Commitment by the amount set forth opposite its name on Schedule 1 hereto and the New Lender shall have a U.S. Revolving Commitment in the amount set forth opposite its name on Schedule 3 hereto. On the Incremental Amendment Effective Date, the U.S. Revolving Lenders shall purchase from and/or assign to each of the other U.S. Revolving Lenders such interests in the U.S. Revolving Loans outstanding on such date as shall be necessary in order that, after giving effect to all such assignments and purchases, such U.S. Revolving Loans will be held by the U.S. Revolving Lenders ratably in 
		

		 

 

		accordance with their U.S. Revolving Commitments set forth on Schedule 2.01 to the Credit Agreement (as amended hereby).
		

		
			Upon the Incremental Amendment Effective Date, the New Revolving Commitments pursuant to this Incremental Amendment shall be deemed for all purposes U.S. Revolving Commitments and each U.S. Revolving Loan made thereunder shall be deemed for all purposes a U.S. Revolving Loan and, unless otherwise set forth herein, shall be subject to the same terms and conditions as the U.S. Revolving Loans existing prior to the Incremental Amendment Effective Date.
		

		
			Upon the Incremental Amendment Effective Date, the New Lender shall be deemed to be a U.S. Revolving Lender for all purposes of the Credit Agreement, and each reference to the U.S. Revolving Lenders in the Credit Agreement shall be deemed to include the New Lender.  The New Lender hereby covenants and agrees to become a party to the Credit Agreement and any of the other Loan Documents as the Administrative Agent may reasonably request.  The New Lender appoints JPMorgan Chase Bank, N.A. as the Administrative Agent and authorizes the Administrative Agent to take such action on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto.
		

			
	
			
				SECTION 3.
			 Term Loan CommitmentS.  

		
			Upon the Incremental Amendment Effective Date, each of the Term Loan Increasing Lenders has a New Term Loan Commitment in the amount set forth opposite its name on Schedule 2 attached to this Incremental Amendment.
		

		
			Subject to the terms and conditions of the Credit Agreement (including Section 4.02 of the Credit Agreement), the New Term Loan pursuant to this Incremental Amendment shall be drawn on the Incremental Amendment Effective Date and any undrawn New Term Loan Commitments pursuant to this Incremental Amendment shall expire at 5:00 p.m. on the Incremental Amendment Effective Date.  
		

		
			Upon the Incremental Amendment Effective Date, the New Term Loan Commitments pursuant to this Incremental Amendment shall be deemed for all purposes Term Loan Commitments and each Term Loan made thereunder shall be deemed for all purposes a Term Loan and, unless otherwise set forth herein, shall be subject to the same terms and conditions as the Term Loan Commitments and Term Loans existing prior to the Incremental Amendment Effective Date.
		

			
	
			
				SECTION 4.
			  WAIVER.

		
			The Required Lenders hereby waive the requirement in Section 2.04 of the Credit Agreement that the Borrower request the New Revolving Commitment and New Term Loan Commitment contemplated by this Incremental Amendment ten (10) Business Day prior to their effectiveness.  
		

		 

		

			-2-

		

 

			
	
			
				SECTION 5.
			 REPRESENTATIONS AND WARRANTIES OF THE NEW LENDER

		
			The New Lender (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Incremental Amendment and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies all the requirements to be an Eligible Assignee under the Credit Agreement (subject to such consents, if any, as may be required thereunder), (iii) from and after the Amendment Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of its Commitments, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.01 of the Credit Agreement, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Incremental Amendment, (v) it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Incremental Amendment, and (vi) if it is a Foreign Lender, any documentation required to be delivered by it pursuant to the terms of the Credit Agreement has been delivered to the Administrative Agent; and (b) agrees that (i) it will, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.
		

			
	
			
				SECTION 6.
			  REPRESENTATIONS AND WARRANTIES OF THE BORROWER.

		
			In order to induce the U.S. Revolver Increasing Lenders, the New Lender, the Term Loan Increasing Lenders and Administrative Agent to enter into this Incremental Amendment, the Borrower represents and warrants to the U.S. Revolver Increasing Lenders, the New Lender, the Term Loan Increasing Lenders and Administrative Agent that the following statements are true, correct and complete:
		

		
			(i)the Borrower and each Guarantor has the requisite power and authority to make, deliver and perform its obligations under this Incremental Amendment, the Credit Agreement as amended by this Incremental Amendment (the “Amended Agreement” and together with this Incremental Amendment, the “Amendment Documents”);
		

		
			(ii)the execution, delivery and performance of the Amendment Documents are within the Borrower’s and each Guarantor’s partnership or other organizational powers and have been duly authorized by all necessary partnership or other organizational action on the part of the Borrower and each Guarantor;
		

		
			(iii)the execution, delivery and performance of this Incremental Amendment (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except such as have been obtained or made and are in full force and effect, (b) will not violate any applicable law or regulation or the charter, by-laws or other 
		

		 

		

			-3-

		

 

		organizational documents of the Borrower or any Guarantor or any order judgment or decree of any Governmental Authority, (c) will not violate or result in a default under any indenture, agreement or other instrument binding upon the Company, the Borrower or any of its Subsidiaries or its assets, or give rise to a right thereunder to require any payment to be made by the Company, the Borrower or any of its Subsidiaries, and (d) will not result in the creation or imposition of any Lien on any asset of the Company, the Borrower or any of its Subsidiaries;
		

		
			(iv)each of the Amendment Documents has been duly executed and delivered by the Borrower and each Guarantor party thereto and constitutes legal, valid and binding obligation of Borrower and each Guarantor party thereto enforceable against the Borrower and each Guarantor party thereto in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or at law);
		

		
			(v)the representations and warranties made or deemed made by the Borrower and each Guarantor in any Loan Document are true and correct in all material respects (other than any representation or warranty qualified as to “materiality”, “Material Adverse Effect” or similar language, which shall be true and correct in all respects) on the Incremental Amendment Effective Date except to the extent that such representations and warranties expressly relate solely to an earlier date, (in which case such representations and warranties shall have been true and correct in all material respects (other than any representation or warranty qualified as to “materiality”, “Material Adverse Effect” or similar language, which shall be true and correct in all respects) (on and as of such earlier date) and except for changes in factual circumstances specifically and expressly permitted under the Loan Documents; and
		

		
			(vi)no Default or Event of Default has occurred and is continuing or will result from the consummation of the transactions contemplated by this Incremental Amendment.
		

			
	
			
				SECTION 7.
			  ACKNOWLEDGEMENT AND CONSENT OF THE GUARANTORS.

		
			Each Guarantor has read this Incremental Amendment and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this Incremental Amendment, the obligations of such Guarantor under the Guaranties and each of the other Loan Documents to which such Guarantor is a party shall not be impaired and each of the Guaranties and the other Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects.
		

		
			Each of the Guarantors and the Borrower hereby acknowledges and agrees that the Obligations guaranteed under the Guaranties will include all Obligations under, and as defined in, the Credit Agreement as amended by this Incremental Amendment.
		

		
			Each Guarantor acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Incremental Amendment, such Guarantor is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Incremental Amendment and (ii) nothing in the Credit 
		

		 

		

			-4-

		

 

		Agreement, this Incremental Amendment or any other Loan Document shall be deemed to require the consent of such Guarantor to any future amendments to the Credit Agreement.
		

			
	
			
				SECTION 8.
			  CONDITIONS TO EFFECTIVENESS.

		
			This Incremental Amendment shall become effective only upon the satisfaction of the following conditions precedent (the date of satisfaction of such conditions being referred to as the “Incremental Amendment Effective Date”):
		

			
	
			
				(i)
			The Borrower, the Guarantors, the Administrative Agent, the U.S. Revolver Increasing Lenders, the Term Loan Increasing Lenders, the New Lender and the Required Lenders shall have indicated their consent to this Incremental Amendment by the execution and delivery of the signature pages hereto to the Administrative Agent.

			
	
			
				(ii)
			  The Administrative Agent shall have received a secretary’s certificate of the Company and/or the Borrower (a) either confirming that there have been no changes to its or any Guarantor’s organizational documents since the date set forth therein, or if there have been changes to the organizational documents since such date, certifying as to such changes, and (b) certifying as to resolutions of the Borrower and each of the Guarantors and incumbency of officers of the respective Loan Party authorizing this Incremental Amendment and the transactions contemplated hereby.

			
	
			
				(iii)
			  The Administrative Agent shall have received all reasonable out-of-pocket costs and expenses for which invoices have been presented (including the reasonable fees and expenses of legal counsel that are due and payable in connection with this Incremental Amendment.

			
	
			
				(iv)
			  Delivery to the Administrative Agent by Morgan, Lewis & Bockius LLP, as counsel to the Borrower and the Guarantors, of an opinion addressed to the Lenders and the Administrative Agent in form and substance reasonably satisfactory to the Administrative Agent.

			
	
			
				(v)
			 Execution and delivery of the Fee Letter dated as of the date hereof by the Borrower and the Administrative Agent regarding upfront fees payable to the Administrative Agent for the account of each U.S. Revolver Increasing Lender, each Term Loan Increasing Lender and the New Lender. 

			
	
			
				(vi)
			 Payment by the Borrower of all agreed upon fees and compensation pursuant to the Fee Letter dated as of May 6, 2014 by the Borrower, the Administrative Agent, J.P. Morgan Securities LLC, Bank of America, N.A., and Merrill Lynch, Pierce, Fenner & Smith Incorporated.

			
	
			
				(vii)
			  The Administrative Agent shall have received a certificate dated the Incremental Amendment Effective Date and executed by a Financial Officer of the Borrower that, after giving pro forma effect to the  Incremental Commitments pursuant to this  Incremental Amendment, (a) no Default or Event of Default shall exist and (b) as of the last day of the most recent month for which financial statements have been delivered pursuant to Section 5.01 of the Credit Agreement, the Borrower would have been in compliance with the financial covenants set forth in Section 6.12 of the Credit Agreement.

		 

		

			-5-

		

 

			
	
			
				SECTION 9.
			  MISCELLANEOUS.

		
			    Reference to and Effect on the Credit Agreement and the Other Loan Documents.
		

			
	
			
				(i)
			On and after the Incremental Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import referring to the Credit Agreement and each reference in the other Loan Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby.

			
	
			
				(ii)
			Except as specifically amended by this Incremental Amendment, the Credit Agreement and the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed.

			
	
			
				(iii)
			The execution, delivery and performance of this Incremental Amendment shall not, except as expressly provided herein, constitute a waiver of any provision of, or operate as a waiver of any right, power or remedy of the Administrative Agent or any Lender under the Credit Agreement or any of the other Loan Documents.

			
	
			
				(iv)
			This Incremental Amendment shall constitute a Loan Document.

		
			Replacement Notes and New Notes.    To the extent requested by any U.S. Revolver Increasing Lender, Term Loan Increasing Lender or New Lender, a replacement Note, or new Note, as the case may be, in favor such Lender shall be executed and delivered promptly to the Administrative Agent by the Borrower in the amount of such Lender’s New Revolving Commitment and/or New Term Loan Commitment. 
		

		
			Headings.  Section and subsection headings in this Incremental Amendment  are included herein for convenience of reference only and shall not constitute a part of this Incremental Amendment for any other purpose or be given any substantive effect.
		

		
			    Applicable Law.  THIS INCREMENTAL AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
		

		
			    Counterparts; Effectiveness.  This Incremental Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so that all signature pages are physically attached to the same document.  Delivery of an executed counterpart of a signature page of this Incremental Amendment by telecopy, emailed pdf. or any other electronic means that reproduces an image of the actual executed signature page shall be effective as delivery of a manually executed counterpart of this Incremental Amendment.
		

		
			 
		

		

		

		 

		

			-6-

		

 

		

			 

		

		IN WITNESS WHEREOF, the parties hereto have caused this Incremental Amendment to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above.
		

		
			BORROWER:GPT PROPERTY TRUST LP
		

		
			 
		

		
			By:Gramercy Property Trust, Inc., its General Partner
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name: Benjamin P. Harris
		

		
			Title: President
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Incremental Amendment]

		

 

		ADMINISTRATIVE AGENT:JPMORGAN CHASE BANK, N.A.,

 
		

		
			 
		

		
			By: /s/ Christian Lunt
		

		
			Name: Christian Lunt
		

		
			Title: Vice President
		

		
			 
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Incremental Amendment]

		

 

		
		

		
			LENDERS:JPMORGAN CHASE BANK, N.A.
		

		
			 
		

		
			 
		

		
			By: /s/ Christian Lunt
		

		
			Name: Christian Lunt
		

		
			Title: Vice President
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Incremental Amendment]

		

 

		BANK OF AMERICA,  N.A.
		

		
			 
		

		
			 
		

		
			By: /s/ Asad Rafiq
		

		
			Name: Asad Rafiq
		

		
			Title: Vice President
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Incremental Amendment]

		

 

		MORGAN STANLEY BANK, N.A.
		

		
			 
		

		
			 
		

		
			By: /s/ Michael King
		

		
			Name: Michael King
		

		
			Title: Vice President
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Incremental Amendment]

		

 

		
		

		
			MORGAN STANLEY SENIOR FUNDING, INC.
		

		
			 
		

		
			 
		

		
			By: /s/ Michael King
		

		
			Name: Michael King
		

		
			Title: Vice President
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Incremental Amendment]

		

 

		

			 

		

		ROYAL BANK OF CANADA
		

		
			 
		

		
			 
		

		
			By: /s/ Rina Kansagra
		

		
			Name: Rina Kansagra
		

		
			Title: Authorized Signatory
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Incremental Amendment]

		

 

		

			 

		

		IN WITNESS WHEREOF, the undersigned Guarantors hereby acknowledge and consent to the foregoing Incremental Amendment.
		

		
			GRAMERCY PROPERTY TRUST INC.
		

		
			GPT 74TH STREET OWNER LLC
		

		
			GPT ARLINGTON HEIGHTS OWNER LLC
		

		
			GPT AUSTIN OWNER LLC
		

		
			GPT BELLMAWR OWNER LLC
		

		
			GPT BLOOMINGDALE OWNER LLC
		

		
			GPT BOA PORTFOLIO MEMBER LLC
		

		
			GPT BOLINGBROOK OWNER LLC
		

		
			GPT BUFFALO GROVE OWNER LLC
		

		
			GPT BURR RIDGE OWNER LLC
		

		
			GPT CHICAGO DEPOT OWNER LLC
		

		
			GPT CHICAGO MANNHEIM OWNER LLC
		

		
			GPT DEER PARK TERMINAL OWNER LLC
		

		
			GPT EAST BRUNSWICK TERMINAL OWNER LLC
		

		
			GPT ELGIN OWNER LLC
		

		
			GPT ELK GROVE OWNER LLC
		

		
			GPT ELKRIDGE TERMINAL OWNER LLC
		

		
			GPT GALESBURG OWNER LLC
		

		
			GPT GARLAND OWNER LLC
		

		
			GPT GIG BOA PORTFOLIO HOLDINGS LLC
		

		
			GPT GIG BOA PORTFOLIO OWNER LLC
		

		
			GPT GROVEPORT OWNER LLC
		

		
			GPT HACKS CROSSING OWNER LLC
		

		
			GPT HAMPTON MAIN OWNER LLC
		

		
			GPT HIALEAH GARDENS OWNER LLC
		

		
			GPT HOUSTON TERMINAL OWNER LLC
		

		
			GPT KATRINE OWNER LLC
		

		
			GPT KENOSHA OWNER LLC
		

		
			GPT LEVEE OWNER LLC
		

		
			GPT MANASSAS WAREHOUSE OWNER LLC
		

		
			GPT MORELAND AVE OWNER LLC
		

		
			GPT MORRISTOWN OFFICE OWNER LLC
		

		
			GPT MORROW OWNER LLC
		

		
			GPT NASHVILLE OWNER LLC
		

		
			GPT NW 112 STREET OWNER LLC
		

		
			GPT ORLANDO TERMINAL OWNER LLC
		

		
			GPT PARSIPPANY OWNER LLC
		

		
			GPT PERU WNER LLC
		

		
			 
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Incremental Amendment]

		

 

		 
		

		
			 
		

		
			GPT RIDGEVIEW OWNER LLC
		

		
			GPT ROLLING MEADOWS OWNER LLC
		

		
			GPT SELIG DRIVE OWNER LLC
		

		
			GPT SOUTH RIVER OWNER LLC
		

		
			GPT SWEDESBORO FACILITY OWNER LLC
		

		
			GPT TAMPA ACLINE OWNER LLC
		

		
			GPT WORCESTER OWNER LLC
		

		
			GPT MILFORD OWNER LLC
		

		
			GPT SUSSEX OWNER LLC
		

		
			GPT OAK CREEK OWNER LLC
		

		
			GPT INDUSTRIAL DRIVE OWNER LLC
		

		
			GPT 190TH STREET OWNER LLC
		

		
			GPT KENDALL POINT OWNER LLC
		

		
			GPT MIDWAY OWNER LLC
		

		
			GPT PAGE INDUSTRIAL OWNER LLC
		

		
			GPT CINNAMINSON OWNER LLC
		

		
			GPT OBETZ OWNER LLC
		

		
			 
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			GPT CALABASH BRANCH OWNER LP
		

		
			 
		

		
			By: GPT Calabash Branch Owner GP LLC
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			GPT EMMAUS BRANCH OWNER LP
		

		
			 
		

		
			By: GPT Emmaus  Branch Owner GP LLC
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Incremental Amendment]

		

 

		 
		

		
			GPT GREAT VALLEY OWNER LP
		

		
			 
		

		
			By: GPT Great Valley Owner GP LLC
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			 
		

		
			GPT HARRISBURG OWNER LP
		

		
			 
		

		
			By: GPT Harrisburg Owner GP LLC
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			 
		

		
			GPT SANTA CLARA OWNER LP
		

		
			 
		

		
			By: GPT Santa Clara Owner GP LLC
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			 
		

		
			GPT VERNON OWNER LP
		

		
			 
		

		
			By: GPT Vernon Owner GP LLC
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Incremental Amendment]

		

 

		
		

		
			GPT WESTLAKE OWNER LP
		

		
			 
		

		
			By: GPT Westlake Owner GP LLC
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			GPT CORPORA TE CENTER-THOUSAND OAKS OWNER LP
		

		
			 
		

		
			By: GPT Corporate Center-Thousand Oaks Owner GP LLC
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			GPT NORTH HOLLYWOOD OWNER LP
		

		
			 
		

		
			By: GPT North Hollywood Owner GP LLC
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			GPT ORCHARD PARKWAY OWNER LP
		

		
			 
		

		
			By: GPT Orchard Parkway Owner GP LLC
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Incremental Amendment]

		

 

		

			 

		

		Schedule 1
		

		
			U.S. REVOLVER INCREASING LENDERS
		

		
			 
		

		
			U.S. Revolving Commitments
		

		
			 
		

			
					
						Lender Name

					
					
						Commitment Amount

				
	
					
						JPMorgan Chase Bank, N.A.

					
					
						$30,000,000

				
	
					
						Bank of America, N.A.

					
					
						$30,000,000

				
	
					
						Morgan Stanley Senior Funding, Inc.

					
					
						$20,000,000

				
	
					
						Royal Bank of Canada

					
					
						$20,000,000

				
	
					
						 

					
					
						 

				
	
					
						TOTAL:

					
					
						$100,000,000

				

		
			 
		

		
			 
		

		

		

		 

		

			 

		

 

		
		

		
			 
		

		
			Schedule 2
		

		
			TERM LOAN INCREASING LENDERS
		

		
			 
		

		
			Term Loan Commitments
		

		
			 
		

			
					
						Lender Name

					
					
						Commitment Amount

				
	
					
						JPMorgan Chase Bank, N.A.

					
					
						$30,000,000

				
	
					
						Bank of America, N.A.

					
					
						$30,000,000

				
	
					
						Morgan Stanley Senior Funding, Inc.

					
					
						$20,000,000

				
	
					
						Royal Bank of Canada

					
					
						$20,000,000

				
	
					
						 

					
					
						 

				
	
					
						TOTAL:

					
					
						$100,000,000

				

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		Schedule 3
		

		
			U.S. Revolving Commitments
		

		
			U.S. Revolving Commitments
		

			
					
						Lender Name

					
					
						Commitment Amount

				
	
					
						JPMorgan Chase Bank, N .A.

					
					
						$78,125,000

				
	
					
						Bank of America, N.A.

					
					
						$78,125,000

				
	
					
						Morgan Stanley Bank, N.A.

					
					
						$42,656,250

				
	
					
						Morgan Stanley Senior Funding, Inc.

					
					
						$20,000,000

				
	
					
						Citizens Bank, National Association  

					
					
						$39,375,000

				
	
					
						Royal Bank of Canada

					
					
						$62,656,250

				
	
					
						The Bank of New York Mellon

					
					
						$36,093,750

				
	
					
						U.S. Bank National Association

					
					
						$36,093,750

				
	
					
						SunTrust Bank

					
					
						$28,437,500

				
	
					
						The Huntington National Bank

					
					
						$28,437,500

				
	
					
						TOTAL:

					
					
						$450,000,000

				

		
			 
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		Schedule 4
		

		
			TERM LOAN Commitments
		

		
			Term Loan Commitments
		

			
					
						Lender Name

					
					
						Commitment Amount

				
	
					
						JPMorgan Chase Bank, N .A.

					
					
						$62,500,000

				
	
					
						Bank of America, N.A.

					
					
						$62,500,000

				
	
					
						Morgan Stanley Bank, N.A.

					
					
						$26,250,000

				
	
					
						Morgan Stanley Senior Funding, Inc.

					
					
						$20,000,000

				
	
					
						Royal Bank of Canada

					
					
						$46,250,000

				
	
					
						The Bank of New York Mellon

					
					
						$26,250,000

				
	
					
						U.S. Bank National Association

					
					
						$26,250,000

				
	
					
						SunTrust Bank

					
					
						$17,500,000

				
	
					
						The Huntington National Bank

					
					
						$12,500,000

				
	
					
						TOTAL:

					
					
						$300,000,000Exhibit 10.7

		

			Exhibit 10.7

		

		

			Execution Version

		

		
			AMENDMENT NO. 4
		

		
			TO REVOLVING CREDIT AND TERM LOAN AGREEMENT 
		

		
			 
		

		
			This AMENDMENT NO. 4 TO REVOLVING CREDIT AND TERM LOAN AGREEMENT, dated as of July 28, 2015 (this “Amendment No. 4”), is by and among GPT PROPERTY TRUST LP, a Delaware limited partnership (the “Borrower”), the Lenders party hereto and JPMORGAN CHASE BANK, N.A., as administrative agent for the Lenders (the “Administrative Agent”).  Reference is made to that certain Revolving Credit and Term Loan Agreement, dated as of June 9, 2014 (as amended, modified, restated and supplemented, the “Credit Agreement”), by and among the Borrower, the Lenders referenced therein and the Administrative Agent. Capitalized terms used herein without definition shall have the same meanings as set forth in the Credit Agreement, as amended hereby.
		

		
			 
		

		
			RECITALS
		

		
			WHEREAS, pursuant to Section 9.02 of the Credit Agreement, the parties hereto wish to amend the Credit Agreement upon the terms and subject to the conditions set forth herein. 
		

		
			WHEREAS, each of the Assignors identified in Schedule 1(A) hereto wish to transfer their respective Assigned Interests (defined in Section 2.1 below) to each of the Assignees identified in Schedule 1(B) hereto.
		

		
			NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the parties hereto agree as follows:
		

		
			 
		

			
	
			
				 SECTION 1.
			AMENDMENT TO CREDIT AGREEMENT

		
			As of the Amendment Effective Date (as defined in Section 6.1 below), the charts on Schedule 2.01 of the Credit Agreement entitled “U.S. Revolving Commitment” and “Multicurrency Revolving Commitment” are hereby deleted in their entirety and the charts on Schedule 2 hereto are substituted in place thereof.  
		

		
			 
		

			
	
			
				 SECTION 2.
			ASSIGNMENT AND ASSUMPTION

		
			Upon the Amendment Effective Date and for an agreed consideration, each Assignor hereby irrevocably sells and assigns to the respective Assignees, and each Assignee hereby irrevocably purchases and assumes from the respective Assignors, subject to and in accordance with the terms herein:
		

		
			all of the respective Assignor’s rights and obligations in their respective capacities as Lenders under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified on Schedule 1 hereto of such outstanding rights and obligations of the respective Assignors under the respective facilities identified on Schedule 1 hereto (including without limitation any letters of credit, guarantees, and swingline loans included in such facilities); and 
		

		

		

		 

 

		to the extent permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the respective Assignors (in their respective capacities as Lenders) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i) above. 
		

		
			The rights and obligations sold and assigned by any Assignor to any Assignee pursuant to clauses (a) and (b) above being referred to herein collectively as an “Assigned Interest.”  
		

		
			 
		

		
			Each such sale and assignment is without recourse to any Assignor and, except as expressly provided in this Amendment No. 4 with respect to representations by the Assignors, without representation or warranty by any Assignor or the Borrower.
		

		
			It is understood and agreed that the rights and obligations of the Assignors and Assignees under this Section are several and not joint.
		

		
			The parties hereto agree that Schedule 3 hereto sets forth the outstanding Term Loans of the Lenders on the Amendment Effective Date after giving effect to the sales and assignments contemplated by this Section.
		

			
	
			
				 SECTION 3.
			WAIVER

		
			The parties hereto hereby (a) waive delivery and execution of the Assignment and Assumption Agreement attached as Exhibit A to the Credit Agreement with respect to the sales and assignments contemplated by Section 2 hereof and (b) agree that this Amendment No. 4 is the Assignment and Assumption with respect to the sales and assignments contemplated by Section 2 hereof.
		

			
	
			
				 SECTION 4.
			REPRESENTATIONS AND WARRANTIES

		
			Each Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the relevant Assigned Interest, (ii) such Assigned Interest is free and clear of any lien, encumbrance or other adverse claim, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Amendment No. 4 and to consummate the transactions contemplated hereby and (iv) it is not a Defaulting Lender; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Company, the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Company, the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.
		

		
			Each Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Amendment No. 4 and to 
		

		 

		

			2

		

 

		consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement with respect to the relevant Assigned Interest, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the relevant Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the relevant Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements referred to in Section 3.04 thereof or delivered pursuant to Section 5.01 thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Amendment No. 4 and to purchase such Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Administrative Agent, the relevant Assignor or any other Lender, and (v) it has delivered to the Administrative Agent and the Borrower any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by such Assignee, with respect to the relevant Assigned Interest; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, any Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.
		

			
	
			
				 SECTION 5.
			ACKNOWLEDGEMENT AND CONSENT OF THE GUARANTORS

		
			Each Guarantor has read this Amendment No. 4 and consents to the terms hereof and further hereby confirms and agrees that, notwithstanding the effectiveness of this Amendment No. 4, the obligations of such Guarantor under the Guaranties and each of the other Loan Documents to which such Guarantor is a party shall not be impaired and each of the Guaranties and the other Loan Documents to which such Guarantor is a party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified in all respects.
		

		
			Each of the Guarantors and the Borrower hereby acknowledges and agrees that the Obligations guaranteed under the Guaranties will include all Obligations under, and as defined in, the Credit Agreement as amended by this Amendment No. 4.
		

		
			Each Guarantor acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Amendment No. 4, such Guarantor is not required by the terms of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit Agreement effected pursuant to this Amendment No. 4 and (ii) nothing in the Credit Agreement, this Amendment No. 4 or any other Loan Document shall be deemed to require the consent of such Guarantor to any future amendments to the Credit Agreement.
		

			
	
			
				 SECTION 6.
			MISCELLANEOUS

		
			This Amendment No. 4 shall become effective upon the due execution and delivery by the parties hereto of this Amendment No. 4 (the date of effectiveness being referred to as the “Amendment Effective Date”).
		

		

		

		 

		

			3

		

 

		From and after the Amendment Effective Date, the Administrative Agent shall make all payments in respect of each Assigned Interest (including payments of principal, interest, fees and other amounts) to the relevant Assignor for amounts which have accrued to but excluding the Amendment Effective Date and to the relevant Assignee for amounts which have accrued from and after the Amendment Effective Date.
		

		
			This Amendment No. 4 shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.  Except as expressly set forth in this Amendment No. 4, all of the terms and provisions of the Credit Agreement are and shall remain in full force and effect and parties thereto shall be bound by all of such terms and provisions. The amendments provided for herein are limited to the specific sections of the Credit Agreement specified herein and shall not constitute an amendment or waiver of, or an indication of the Administrative Agent’s or Lenders’ willingness to amend or waive, any other provision of the Credit Agreement or the same sections for any date or purpose.
		

		
			This Amendment No. 4 may be executed by one or more of the parties to this Amendment No. 4 on any number of separate counterparts, which together shall constitute one and the same instrument. 
		

		
			This Amendment No. 4 and the rights and obligations of the parties under this amendment No. 4 shall be governed by, and construed in accordance with, the law of the State of New York.
		

		
			This Amendment No. 4 is a Loan Document. 
		

		
			 
		

		
			 
		

		
			[This page been intentionally left blank]
		

		

		

		 

		

			4

		

 

		

			 

		

		IN WITNESS WHEREOF, the parties hereto have caused this Amendment No. 4 to be duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above.
		

		
			BORROWER:GPT PROPERTY TRUST LP
		

		
			 
		

		
			By:Gramercy Property Trust, Inc., its General Partner
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name: Benjamin P. Harris
		

		
			Title: President
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

		

			 

		

 

		ADMINISTRATIVE AGENT:JPMORGAN CHASE BANK, N.A.,

 
		

		
			 
		

		
			By: /s/ Christian Lunt
		

		
			Name: Christian Lunt
		

		
			Title: Vice President
		

		
			 
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

 

		
		

		
			LENDERS:JPMORGAN CHASE BANK, N.A.
		

		
			 
		

		
			 
		

		
			By: /s/ Christian Lunt
		

		
			Name: Christian Lunt
		

		
			Title: Vice President
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

 

		BANK OF AMERICA,  N.A.
		

		
			 
		

		
			 
		

		
			By: /s/ Asad Rafiq
		

		
			Name: Asad Rafiq
		

		
			Title: Vice President
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

 

		MORGAN STANLEY BANK, N.A.
		

		
			 
		

		
			 
		

		
			By: /s/ Michael King
		

		
			Name: Michael King
		

		
			Title: Vice President
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

 

		
		

		
			MORGAN STANLEY SENIOR FUNDING, INC.
		

		
			 
		

		
			 
		

		
			By: /s/ Michael King
		

		
			Name: Michael King
		

		
			Title: Vice President
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

 

		

			 

		

		ROYAL BANK OF CANADA
		

		
			 
		

		
			 
		

		
			By /s/ Rina Kansagra
		

		
			Name: Rina Kansagra
		

		
			Title: Authorized Signatory
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

		

			 

		

 

		

			 

		

		U.S. BANK NATIONAL ASSOCIATION
		

		
			 
		

		
			 
		

		
			By /s/ David W. Heller
		

		
			Name: David W. Heller
		

		
			Title: Senior Vice President
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

		

			 

		

 

		

			 

		

		SUNTRUST BANK
		

		
			 
		

		
			 
		

		
			By /s/ Bryan P. McFarland
		

		
			Name: Bryan P. McFarland
		

		
			Title: Senior Vice President
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

		

			 

		

 

		

			 

		

		THE HUNTINGTON NATIONAL BANK
		

		
			 
		

		
			 
		

		
			By /s/ Florentina Djulivezan
		

		
			Name: Florentina Djulivezan
		

		
			Title: Assistant Vice President
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

		

			 

		

 

		

			 

		

		THE BANK OF NEW YORK MELLON
		

		
			 
		

		
			 
		

		
			By /s/ Carol Murray
		

		
			Name: Carol Murray
		

		
			Title: Managing Director
		

		
			 
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

		

			 

		

 

		

			 

		

		citizens bank, national association
		

		
			 
		

		
			 
		

		
			By /s/ David R. Jablonowski
		

		
			Name: David R. Jablonowski
		

		
			Title: Senior Vice President
		

		
			 
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

		

			 

		

 

		

			 

		

		IN WITNESS WHEREOF, the undersigned Guarantors hereby acknowledge and consent to the foregoing Incremental Amendment.
		

		
			GUARANTORS:
		

		
			 
		

		
			GRAMERCY PROPERTY TRUST INC.
		

		
			 
		

		
			 
		

		
			 
		

		
			By:  /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

		

			 

		

 

		

			 

		

		GUARANTORS (CONT’D):
		

		
			 
		

		
			GPT 190TH STREET OWNER LLC
		

		
			GPT 74TH STREET OWNER LLC
		

		
			GPT ARLINGTON HEIGHTS OWNER LLC
		

		
			GPT AUSTIN OWNER LLC
		

		
			GPT BELLMAWR OWNER LLC
		

		
			GPT BLOOMINGDALE OWNER LLC
		

		
			GPT BOA PORTFOLIO MEMBER LLC
		

		
			GPT BOLINGBROOK OWNER LLC
		

		
			GPT BUFFALO GROVE OWNER LLC
		

		
			GPT BURR RIDGE OWNER LLC
		

		
			GPT CHICAGO DEPOT OWNER LLC
		

		
			GPT CHICAGO MANNHEIM OWNER LLC
		

		
			GPT CINNAMINSON OWNER LLC
		

		
			GPT DEER PARK TERMINAL OWNER LLC
		

		
			GPT EAST BRUNSWICK TERMINAL OWNER LLC
		

		
			GPT ELGIN OWNER LLC
		

		
			GPT ELK GROVE OWNER LLC
		

		
			GPT ELKRIDGE TERMINAL OWNER LLC
		

		
			GPT GALESBURG OWNER LLC
		

		
			GPT GARLAND OWNER LLC
		

		
			GPT GIG BOA PORTFOLIO HOLDINGS LLC
		

		
			GPT GIG BOA PORTFOLIO OWNER LLC
		

		
			GPT GROVEPORT OWNER LLC
		

		
			GPT HACKS CROSSING OWNER LLC
		

		
			GPT HAMPTON MAIN OWNER LLC
		

		
			GPT HIALEAH GARDENS OWNER LLC
		

		
			GPT HOUSTON TERMINAL OWNER LLC
		

		
			GPT INDUSTRIAL DRIVE OWNER LLC
		

		
			GPT KATRINE OWNER LLC
		

		
			GPT KENDALL POINT OWNER LLC
		

		
			GPT KENOSHA OWNER LLC
		

		
			GPT LEVEE OWNER LLC
		

		
			GPT MANASSAS WAREHOUSE OWNER LLC
		

		
			GPT MIDWAY OWNER LLC
		

		
			GPT MILFORD OWNER LLC
		

		
			GPT MORELAND AVE OWNER LLC
		

		
			GPT MORRISTOWN OFFICE OWNER LLC
		

		
			 
		

		
			 
		

		
			By:  /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President for the foregoing limited liability 
		

		
			companies
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

		

			 

		

 

		

			 

		

		
		

		
			 
		

		
			GUARANTORS (CONT’D):
		

		
			 
		

		
			GPT MORROW OWNER LLC
		

		
			GPT NASHVILLE OWNER LLC
		

		
			GPT NW 112 STREET OWNER LLC
		

		
			GPT OAKCREEK OWNER LLC
		

		
			GPT OBETZ OWNER LLC
		

		
			GPT ORLANDO TERMINAL OWNER LLC
		

		
			GPT PAGE INDUSTRIAL OWNER LLC
		

		
			GPT PARSIPPANY OWNER LLC
		

		
			GPT PERU OWNER LLC
		

		
			GPT RIDGEVIEW OWNER LLC
		

		
			GPT ROLLING MEADOWS OWNER LLC
		

		
			GPT SELIG DRIVE OWNER LLC
		

		
			GPT SOUTH RIVER OWNER LLC
		

		
			GPT SUSSEX OWNER LLC
		

		
			GPT SWEDESBORO FACILITY OWNER LLC
		

		
			GPT TAMPA ACLINE OWNER LLC
		

		
			GPT WORCESTER OWNER LLC
		

		
			 
		

		
			 
		

		
			 
		

		
			By:  /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President for the foregoing limited liability 
		

		
			             companies
		

		
			 
		

		
			 
		

		
			 
		

		
			GPT CALABASH BRANCH OWNER LP
		

		
			 
		

		
			By: GPT Calabash Branch Owner GP LLC,
		

		
			       its General Partner
		

		
			 
		

		
			 
		

		
			By:  /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

 

		

			 

		

		
		

		
			 
		

		
			GUARANTORS (CONT’D):
		

		
			 
		

		
			GPT CORPORATE CENTER-THOUSAND OAKS OWNER LP
		

		
			 
		

		
			By: GPT Corporate Center-Thousand Oaks Owner GP
		

		
			       LLC, its General Partner
		

		
			 
		

		
			 
		

		
			By:  /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			 
		

		
			GPT EMMAUS BRANCH OWNER LP
		

		
			 
		

		
			By: GPT Emmaus  Branch Owner GP LLC,
		

		
			       its General Partner
		

		
			 
		

		
			 
		

		
			By:  /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			GPT GREAT VALLEY OWNER LP
		

		
			 
		

		
			By: GPT Great Valley Owner GP LLC,
		

		
			       its General Partner
		

		
			 
		

		
			 
		

		
			By:  /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

 

		

			 

		

		
		

		
			 
		

		
			 
		

		
			GUARANTORS (CONT’D):
		

		
			 
		

		
			GPT HARRISBURG OWNER LP
		

		
			 
		

		
			By: GPT Harrisburg Owner GP LLC,
		

		
			       its General Partner
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			 
		

		
			GPT NORTH HOLLYWOOD OWNER LP
		

		
			 
		

		
			By: GPT North Hollywood Owner GP LLC,
		

		
			       its General Partner
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			 
		

		
			GPT ORCHARD PARKWAY OWNER LP
		

		
			 
		

		
			By: GPT Orchard Parkway Owner GP LLC,
		

		
			       its General Partner
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

 

		

			 

		

		
		

		
			GUARANTORS (CONT’D):
		

		
			 
		

		
			GPT SANTA CLARA OWNER LP
		

		
			 
		

		
			By: GPT Santa Clara Owner GP LLC,
		

		
			       its General Partner
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			 
		

		
			GPT VERNON OWNER LP
		

		
			 
		

		
			By: GPT Vernon Owner LLC,
		

		
			       its General Partner
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			 
		

		
			GPT WESTLAKE OWNER LP
		

		
			 
		

		
			By: GPT Westlake Owner GP LLC,
		

		
			       its General Partner
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

 

		

			 

		

		
		

		
			GUARANTORS (CONT’D):
		

		
			 
		

		
			GPT B STREET OWNER LLC
		

		
			GPT BUSINESS CENTER  DRIVE OWNER LLC
		

		
			GPT CANTON SUBOWNER LLC
		

		
			GPT E DEBBIE LANE OWNER LLC
		

		
			GPT LF ML 1 OWNER LLC
		

		
			GPT LF ML 2 OWNER LLC
		

		
			GPT ROYAL PINE DRIVE OWNER LLC
		

		
			GPT TRANSPORT OWNER LLC
		

		
			GPT TRANSPORT OWNER II LLC
		

		
			GPT WEST CHARLESTON BLVD OWNER LLC
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President for the foregoing limited liability
		

		
			             companies
		

		
			 
		

		
			 
		

		
			 
		

		
			GPT ALCOA AVENUE OWNER LP
		

		
			 
		

		
			By: GPT Alcoa Avenue Owner GP LLC,
		

		
			       its General Partner
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			 
		

		
			GPT FULTON DRIVE OWNER LP
		

		
			 
		

		
			By: GPT Fulton Drive Owner GP LLC,
		

		
			        its General Partner
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

 

		

			 

		

		
		

		
			GUARANTORS (CONT’D):
		

		
			 
		

		
			GPT SAN BERNARDINO OWNER LP
		

		
			 
		

		
			By: GPT San Bernardino Owner GP LLC.
		

		
			       its General Partner
		

		
			 
		

		
			 
		

		
			By: /s/ Benjamin P. Harris
		

		
			Name:  Benjamin P. Harris
		

		
			Title:    President
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			[GPT Property Trust – Signature Page to Amendment No. 4]

		

 

		

			 

		

		Schedule 1
		

		
			 
		

			
					
						A.  Assignor:

					
					
						JPMorgan Chase Bank, N.A.

					
						Bank of America, N.A.

					
						Morgan Stanley Senior Funding, Inc. 

					
						Royal Bank of Canada

					
						 

				
	
					
						B.  Assignee:

					
					
						Morgan Stanley Bank, N.A.

					
						The Bank of New York Mellon

					
						U.S. Bank National Association

					
						SunTrust Bank

					
						The Huntington National Bank

					
						 

				
	
					
						C.  Borrower:

					
					
						GPT Property Trust LP

				
	
					
						D.  Administrative Agent:

					
					
						JPMorgan Chase Bank, N.A., as the administrative agent under the Credit Agreement

				
	
					
						E.  Credit Agreement:

					
					
						The Revolving Credit and Term Loan Agreement dated as of June 9, 2014 among GPT Property Trust LP, the Lenders from time to time party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent for the Lenders, as the same may be amended, amended and restated, restated, supplemented, modified or otherwise in effect from time to time.

				
	
					
						F.  Assigned Interest:

					
					
						See attached chart.

				

		
			 
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		Assigned Interests (Pro Rata)
		

		
			 
		

			
					
						Assignors

					
					
						Assignees

					
					
						Facility Assigned

					
					
						Aggregate Amount of Commitment / Loans for all Lenders

					
					
						Amount of Commitment / Loans Assigned

					
					
						Percentage Assigned of Commitment / 
Loans

				
	
					
						 

					
					
						 

					
					
						 

					
					
						$

					
					
						$

					
					
						%

				
	
					
						 

					
					
						 

					
					
						 

					
					
						$

					
					
						$

					
					
						%

				
	
					
						 

					
					
						 

					
					
						 

					
					
						$

					
					
						$

					
					
						%

				
	
					
						 

					
					
						 

					
					
						 

					
					
						$

					
					
						$

					
					
						%

				
	
					
						 

					
					
						 

					
					
						 

					
					
						$

					
					
						$

					
					
						%

				
	
					
						 

					
					
						 

					
					
						 

					
					
						$

					
					
						$

					
					
						%

				
	
					
						 

					
					
						 

					
					
						 

					
					
						$

					
					
						$

					
					
						%

				
	
					
						 

					
					
						 

					
					
						 

					
					
						$

					
					
						$

					
					
						%

				

		
			 
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		 
		

		
			Schedule 2
		

		
			 
		

		
			U.S. Revolving Commitments
		

			
					
						Lender Name

					
					
						Commitment Amount

				
	
					
						JPMorgan Chase Bank, N .A.

					
					
						$64,375,000

				
	
					
						Bank of America, N.A.

					
					
						$64,375,000

				
	
					
						Morgan Stanley Bank, N.A.

					
					
						$42,656,250

				
	
					
						Morgan Stanley Senior Funding, Inc.

					
					
						$12,500,000

				
	
					
						Citizens Bank, National Association  

					
					
						$39,375,000

				
	
					
						Royal Bank of Canada

					
					
						$55,156,250

				
	
					
						The Bank of New York Mellon

					
					
						$47,343,750

				
	
					
						U.S. Bank National Association

					
					
						$52,343,750

				
	
					
						SunTrust Bank

					
					
						$40,937,500

				
	
					
						The Huntington National Bank

					
					
						$30,937,500

				
	
					
						TOTAL:

					
					
						$450,000,000

				

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		Multicurrency Revolving Commitments
		

			
					
						Lender Name

					
					
						Commitment Amount

				
	
					
						JPMorgan Chase Bank, N .A.

					
					
						$6,875,000

				
	
					
						Bank of America, N.A.

					
					
						$6,875,000

				
	
					
						Morgan Stanley Bank, N.A.

					
					
						$6,093,750

				
	
					
						Royal Bank of Canada 

					
					
						$6,093,750

				
	
					
						Citizens Bank, National Association  

					
					
						$5,625,000

				
	
					
						The Bank of New York Mellon

					
					
						$5,156,250

				
	
					
						U.S. Bank National Association

					
					
						$5,156,250

				
	
					
						SunTrust Bank

					
					
						$4,062,500

				
	
					
						The Huntington National Bank

					
					
						$4,062,500

				
	
					
						TOTAL:

					
					
						$50,000,000

				
	
					
						 

					
					
						 

				

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		
			 
		

		

		

		 

		

			 

		

 

		

			 

		

		Schedule 3
		

		
			 
		

		
			Outstanding Term Loans
		

			
					
						Lender Name

					
					
						Term Loans

				
	
					
						JPMorgan Chase Bank, N .A.

					
					
						$48,750,000

				
	
					
						Bank of America, N.A.

					
					
						$48,750,000

				
	
					
						Morgan Stanley Bank, N.A.

					
					
						$26,250,000

				
	
					
						Morgan Stanley Senior Funding, Inc.

					
					
						$12,500,000

				
	
					
						Royal Bank of Canada

					
					
						$38,750,000

				
	
					
						The Bank of New York Mellon

					
					
						$37,500,000

				
	
					
						U.S. Bank National Association

					
					
						$42,500,000

				
	
					
						SunTrust Bank

					
					
						$30,000,000

				
	
					
						The Huntington National Bank

					
					
						$15,000,000

				
	
					
						TOTAL:

					
					
						$300,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00251-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00251-of-00352.parquet"}]]