Document:

Third Amendment to Fifth Amended and Restated Agreement

 Exhibit 10.1 
 KILROY REALTY, L.P. 
 THIRD AMENDMENT TO FIFTH AMENDED AND RESTATED 
 AGREEMENT OF LIMITED PARTNERSHIP 
 This Third
Amendment to the Fifth Amended and Restated Agreement of Limited Partnership (this “Amendment”) is made as of May 21, 2009 by and among Kilroy Realty Corporation, a Maryland corporation, as general partner (the “General
Partner”) of Kilroy Realty, L.P., a Delaware limited partnership (the “Partnership”), and the other parties listed on the signature pages hereto, for the purpose of amending the Fifth Amended and Restated Agreement of
Limited Partnership, dated as of March 5, 2004, as amended to the date hereof (the “Partnership Agreement”). 
 WHEREAS, the signatories hereto desire to amend the Partnership Agreement as set forth herein; 
 NOW THEREFORE, in consideration of
the foregoing, the mutual promises set forth herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the signatories hereto, intending to be legally bound, agree to continue the Partnership and
amend the Partnership Agreement as follows: 
 Defined Terms. Capitalized terms used without definition in this Amendment shall have the meaning given to
each such term in the Partnership Agreement. 
 Amendments. 
 Section 1.1. 
 Section 1.1 of the Partnership Agreement is hereby amended to include the following new definition:

 “Adjusted Net Income” means for each fiscal year of the Partnership, an amount equal to the Partnership’s Net
Income or Net Loss for such fiscal year, computed without regard to the items set forth below, provided if the Adjusted Net Income for such fiscal year is a negative number (i.e., a net loss), then the Adjusted Net Income for that fiscal year shall
be treated as if it was zero: 
 (a) Depreciation; and 
 (b) Net gain or loss realized in connection with the actual or hypothetical sale of all or substantially all of the assets of the Partnership, including but not limited to net gain or loss treated as realized in
connection with an adjustment to the Gross Asset Value of the Partnership’s assets as set forth in the definition of such term. 
 The following
definition in Section 1.1 of the Partnership Agreement is hereby amended as follows: 
 The last paragraph of the definition of
“Net Income or Net Loss” shall be deleted. 

 Section 6.5. 
 The following new Section 6.5 is inserted in the Partnership Agreement: 
 Section 6.5. Special Allocations

 A. Notwithstanding the provisions in Sections 6.1, 6.2.B.1 and 6.2.B.2, but subject to the other provisions of this Article 6, if the
Partnership has positive Adjusted Net Income for a fiscal year, such Adjusted Net Income shall first be allocated to the Holders of Senior Preferred Units under Section 6.2.B.1(e) for such fiscal year, with the remaining items of Net Income or
Net Loss allocated to the Partners pursuant to Sections 6.2.B.1 and 6.2.B.2. 
 B. Notwithstanding the provisions of Sections 6.1, 6.2.B.1
and 6.2.B.2, but subject to Sections 6.3 and 6.5.A, in the event Net Income, Net Loss or items thereof are being allocated to a Partner to offset prior Net Loss, Net Income or items thereof which have been allocated to such Partner, the General
Partner shall attempt to allocate such offsetting Net Income, Net Loss or items thereof which are of the same or similar character (including without limitation Section 704(b) book items versus tax items) to the original allocations with
respect to such Partner. 
 Section 15.10. 
 The
following sentence is added to the end of Section 15.10: 
 The failure of any amendment to this Agreement to be effective as to any particular
Limited Partner shall not render it ineffective as to any other Limited Partner. 
 Miscellaneous. 
 Effect of Amendment. Except as specifically modified hereby, all terms and provisions of the Partnership Agreement shall continue to remain in full force and
effect and, except as the context otherwise requires, each reference to the Partnership Agreement in this Amendment shall be a reference to the Partnership Agreement as amended hereby. 
 Counterparts. This Amendment may be executed in two or more counterparts, each of which when and as executed shall be deemed to be an original, and all of which when taken together shall constitute one and the
same instrument. 
 Successors and Assigns. This Amendment shall inure to the benefit of and be binding upon the successors and assigns of each of the
Partners. 
 Headings. The headings in this Amendment are for convenience of reference only and shall not limit or otherwise affect the meaning
hereof. 
 Governing Law. THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF DELAWARE. 

Severability. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstances, is held invalid, illegal
or unenforceable in any respect 

 
for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in
any way impaired or affected, it being intended that each party’s rights and privileges shall be enforceable to the fullest extent permitted by law. 
 (Signature Pages Follow) 

 IN WITNESS WHEREOF, the undersigned has executed this Amendment as of the date first written above.

  

			
	GENERAL PARTNER
	
	KILROY REALTY CORPORATION
		
	By:	 	 /s/    Tyler H. Rose

	Name: Title:	 	 Tyler H. Rose
 Senior Vice President and Treasurer

		
	By:	 	 /s/    Tamara J. Porter

	Name: Title:	 	 Tamara J. Porter
 Vice President and Corporate Counsel

			
	 BELBROOK REALTY CORPORATION,
 a Delaware
Corporation

		
	By:	 	 /s/    Andrew Frenette

	Name:	 	Andrew Frenette
	Title:	 	Vice President
	
	 CLEARWOOD REALTY CORPORATION,
 a Delaware
Corporation

		
	By:	 	 /s/    Andrew Frenette

	Name:	 	Andrew Frenette
	Title:	 	Vice President
	
	 CLEARFORK REALTY CORPORATION,
 a Delaware
Corporation

		
	By:	 	 /s/    Andrew Frenette

	Name:	 	Andrew Frenette
	Title:	 	Vice President
	
	 BELDORE REALTY CORPORATION,
 a Delaware
Corporation

		
	By:	 	 /s/    Andrew Frenette

	Name:	 	Andrew Frenette
	Title:	 	Vice President

			
	 SERIES A LIMITED PARTNER:
  
 BLACKROCK

		
	By:	 	 /s/    Michael Pungello

	Name:	 	Michael Pungello
	Title:	 	Director

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.] 

			
	 COMMON LIMITED PARTNER:
  

		
	By:	 	 /s/    John B. Kilroy, Jr.

	Name:	 	 John B. Kilroy, Jr.

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.] 

			
	 COMMON LIMITED PARTNER:
  
 KILROY TECHNOLOGIES COMPANY, LLC

		
	By:	 	 /s/    John B. Kilroy, Jr.

	Name:	 	 John B. Kilroy, Jr.

	Title:	 	 Member

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.] 

			
	 COMMON LIMITED PARTNER:
  

		
	By:	 	 /s/    John B. Kilroy, Sr.

	Name:	 	 John B. Kilroy, Sr.

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.] 

			
	 COMMON LIMITED PARTNER
  
 KILROY INDUSTRIES

		
	By:	 	 /s/    John B. Kilroy, Sr.

	Name:	 	 John B. Kilroy, Sr.

	Title:	 	President
	
	 KILROY TECHNOLOGIES COMPANY, LLC

		
	By:	 	 /s/    John B. Kilroy, Sr.

	Name:	 	 John B. Kilroy, Sr.

	Title:	 	 Member

	
	 KILROY AIRPORT IMPERIAL COMPANY
 By: The
Kilroy Company, Its General Partner

		
	By:	 	 /s/    John B. Kilroy, Sr.

	Name:	 	 John B. Kilroy, Sr.

	Title:	 	President

			
	 COMMON LIMITED PARTNER:
  

		
	By:	 	 /s/    Lawrence D. Dorr

	Name:	 	 Lawrence D. Dorr

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.] 

			
	 COMMON LIMITED PARTNER:
  

		
	By:	 	 /s/    Robin Kilroy

	Name:	 	 Robin Kilroy

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.] 

			
	 COMMON LIMITED PARTNER:
  

		
	By:	 	 /s/    James Reynolds

	Name:	 	 James Reynolds

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.] 

			
	 COMMON LIMITED PARTNER:
  

		
	By:	 	 /s/    Patrice Kilroy

	Name:	 	 Patrice Kilroy

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.] 

			
	 COMMON LIMITED PARTNER:
  

		
	By:	 	 /s/    Dana Pantuso

	Name:	 	 Dana Pantuso

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.] 

			
	 COMMON LIMITED PARTNER:
  

		
	By:	 	 /s/    Anne E. Kilroy McCahon

	Name:	 	 Anne E. Kilroy McCahon

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.] 

			
	 COMMON LIMITED PARTNER:
  

		
	By:	 	 /s/    Susan J. Hahn

	Name:	 	 Susan J. Hahn

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.] 

			
	 COMMON LIMITED PARTNER:
  

		
	By:	 	 /s/    Martin V. Clevenger

	Name:	 	 Martin V. Clevenger

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.] 

			
	 COMMON LIMITED PARTNER:
  

		
	By:	 	 /s/    Jay H. Shidler

	Name:	 	 Jay H. Shidler

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.] 

			
	 COMMON LIMITED PARTNER:
  

		
	By:	 	 /s/    Lawrence J. Taff

	Name:	 	 Lawrence J. Taff

 [Signature Page to Third Amendment to Fifth Amended and Restated Agreement of

 Limited Partnership of Kilroy Realty, L.P.]Secured Promissory Note

 Exhibit 10.1 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE, AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH,
THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR THE APPLICABLE SECURITIES LAWS OF ANY STATE. 
 SECURED PROMISSORY NOTE 

 

			
	$350,000	  	July 22, 2009
		  	Clearwater, Florida

 For value received, Digital Lightwave, Inc., a Delaware corporation (the
“Company”), promises to pay to Optel Capital, LLC, a Delaware limited liability company (the “Holder”), or its registered assigns, the principal sum of Three hundred Fifty Thousand Dollars and Zero Cents
($350,000.00). Interest shall accrue from the date of this Note on the unpaid principal amount at a rate equal to 10.0% per annum, compounded annually. The interest rate shall be computed on the basis of the actual number of days elapsed and a
year of 360 days. This Note is subject to the following terms and conditions. 
 1. Maturity. 
 (a) Principal and any accrued but unpaid interest under this Note shall be due and payable upon demand by the Holder at any time after September 30,
2009. 
 (b) Notwithstanding the foregoing, the entire unpaid principal sum of this Note, together with accrued and unpaid interest thereon,
shall become immediately due and payable upon demand by the Holder at any time on or following the occurrence of any of the following events: 
 (i) the sale of all or substantially all of the Company’s assets, or any merger or consolidation of the Company with or into another corporation; other than a merger or consolidation in which the holders of more than 50% of the shares
of capital stock of the Company outstanding immediately prior to such transaction continue to hold (either by the voting securities remaining outstanding or by their being converted into voting securities of the surviving entity) more than 50% of
the total voting power represented by the voting securities of the Company, or such surviving entity, outstanding immediately after such transaction; 
 (ii) the inability of the Company to pay its debts as they become due; 

 (iii) the dissolution, termination of existence, or appointment of a receiver, trustee or custodian, for
all or any material part of the property of, assignment for the benefit of creditors by, or the commencement of any proceeding by the Company under any reorganization, bankruptcy, arrangement, dissolution or liquidation law or statute of any
jurisdiction, now or in the future in effect; 
 (iv) the execution by the Company of a general assignment for the benefit of creditors;

 (v) the commencement of any proceeding against the Company under any reorganization, bankruptcy, arrangement, dissolution or liquidation
law or statute of any jurisdiction, now or in the future in effect, which is not cured by the dismissal thereof within ninety (90) days after the date commenced; or 
 (vi) the appointment of a receiver or trustee to take possession of the property or assets of the Company. 
 2. Payment; Prepayment. All payments shall be made in lawful money of the United States of America at such place as the Holder hereof may from time to time designate in writing to the Company. Payment shall be credited first
to the accrued interest then due and payable and the remainder applied to principal. Prepayment of this Note may be made at any time without penalty. 
 3. Transfer; Successors and Assigns. The terms and conditions of this Note shall inure to the benefit of and be binding upon the respective successors and assigns of the parties. This Note may be
transferred only upon surrender of the original Note for registration of transfer, duly endorsed, or accompanied by a duly executed written instrument of transfer in form satisfactory to the Company. Thereupon, a new note for the same principal
amount and accrued interest will be issued to, and registered in the name of, the transferee. Interest and principal are payable only to the registered holder of this Note. 
 4. Governing Law. This Note and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be
governed, construed and interpreted in accordance with the laws of the State of Florida, without giving effect to principles of conflicts of law. 
 5. Notices. Any notice required or permitted by this Agreement shall be in writing and shall be deemed sufficient upon receipt, when delivered personally or by courier, overnight delivery service or confirmed facsimile, or 48
hours after being deposited in the U.S. mail as certified or registered mail with postage prepaid, if such notice is addressed to the party to be notified at such party’s address or facsimile number as set forth below or as subsequently
modified by written notice. 
 6. Amendments and Waivers. Any term of this Note may be amended only with the written consent of
the Company and the Holder. Any amendment or waiver effected in accordance with this Section 6 shall be binding upon the Company, each Holder and each transferee of this Note. 

 7. Officers and Directors Not Liable. In no event shall any officer or director of the
Company be liable for any amounts due or payable pursuant to this Note. 
 8. Security Interest. This Note is secured by all of
the assets of the Company in accordance with the Twenty Second Amended and Restated Security Agreement by and between the Company and the Holder dated as of September 16, 2004 (the “Security Agreement”). In case of an Event of
Default (as defined in the Security Agreement), the Holder shall have the rights set forth in the Security Agreement. 
 9.
Counterparts. This Note may be executed in any number of counterparts, each of which will be deemed to be an original and all of which together will constitute a single agreement. 
 10. Action to Collect on Note. If action is instituted to collect on this Note, the Company promises to pay all costs and expenses,
including reasonable attorney’s fees, incurred in connection with such action. 
 11. Loss of Note. Upon receipt by the
Company of evidence satisfactory to it of the loss, theft, destruction or mutilation of this Note or any Note exchanged for it, and indemnity satisfactory to the Company (in case of loss, theft or destruction) or surrender and cancellation of such
Note (in the case of mutilation), the Company will make and deliver in lieu of such Note a new Note of like tenor. 
 [Remainder of this
page intentionally left blank.] 

 This Note was entered into as of the date set forth above. 
  

			
	COMPANY:
	
	DIGITAL LIGHTWAVE, INC.
		
	By:	 	 /s/ Kenneth T. Myers

		 	Kenneth T. Myers
		 	President and Chief Executive Officer

  

			
	AGREED TO AND ACCEPTED:
	
	OPTEL CAPITAL, LLC
		
	By:	 	 /s/ Al Zwan

		
	Name:	 	 Al Zwan

		 	(Print)
		
	Title:	 	 President

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