Document:

LXP EX10.1 6.22.12

        
FIRST AMENDMENT TO AMENDED AND RESTATED AGREEMENT

This FIRST AMENDMENT TO AMENDED AND RESTATED AGREEMENT (this “Amendment”) dated as of June 22, 2012, but effective as of January 13, 2012, by and among LEXINGTON REALTY TRUST, a real estate investment trust formed under the laws of the State of Maryland (the “Trust”), LEPERCQ CORPORATE INCOME FUND L.P., a limited partnership formed under the laws of the State of Delaware (“LCIF”), and LEPERCQ CORPORATE INCOME FUND II L.P., a limited partnership formed under the laws of the State of Delaware (collectively with the Trust and LCIF, the “Borrowers” and each a “Borrower”), each of the Lenders party hereto, and KEYBANK NATIONAL ASSOCIATION, as Administrative Agent (the “Agent”).

WHEREAS, the Borrowers, the Lenders, the Agent and certain other parties have entered into that certain Amended and Restated Credit Agreement dated as of January 13, 2012 (as in effect immediately prior to the date hereof, the “Credit Agreement”); and

WHEREAS, the Borrower, the Lenders and the Agent desire to amend certain provisions of the Credit Agreement on the terms and conditions contained herein.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereto hereby agree as follows:

Section 1.  Specific Amendments to Credit Agreement.  The parties hereto agree that the Credit Agreement is amended effective as of January 13, 2012, by deleting the word “and” at the end of Section 9.2(e), replacing the “.” at the end of Section 9.2(f) with “; and” and adding the following new subsection (g) immediately following Section 9.2(f):

(g)    The Trust may redeem its Preferred Equity Interests.

Section 2.  Conditions Precedent.  The effectiveness of this Amendment is subject to receipt by the Agent of each of the following, each in form and substance satisfactory to the Agent:

(a)    A counterpart of this Amendment duly executed by the Borrowers and the Lenders;

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

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

Section 3.  Representations.  Each Borrower represents and warrants to the Agent and each Lender as follows:

(a)    Authorization.  Each Borrower has the right and power, and has taken all necessary action to authorize it, to execute and deliver this Amendment and to perform its obligations hereunder and under the Credit Agreement, as amended by this Amendment, in accordance with their respective terms.  This Amendment has been duly executed and delivered by the duly authorized officers of each Borrower and each of this Amendment and the Credit Agreement, as amended by this Amendment, is a legal, valid and binding obligation of each Borrower enforceable against each Borrower in accordance with its respective terms except as the same may be limited by bankruptcy, insolvency, and other similar laws affecting the rights of creditors generally and the availability of equitable remedies for the enforcement of certain obligations (other than the payment of principal) contained herein or therein and as may be limited by equitable principles generally.

(b)    Compliance with Laws, etc.  The execution and delivery by each Borrower of this Amendment and the performance by each Borrower of this Amendment and the Credit Agreement, as amended by this Amendment, in accordance with their respective terms, do not and will not, by the passage of time, the giving of notice or otherwise:  (i) require any Government Approvals or violate any Applicable Laws relating to any Borrower; (ii) conflict with, result in a breach of or constitute a default under the organizational documents of any Borrower or any indenture, agreement or other instrument to which any Borrower is a party or by which it or any of its properties may be bound; or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by the Borrower.

(c)    No Default.  No Default or Event of Default has occurred and is continuing as of the date hereof nor will exist immediately after giving effect to this Amendment.

Section 4.  Reaffirmation of Representations by Borrowers.  Each Borrower hereby repeats and reaffirms all representations and warranties made by such Borrowers to the Agent and the Lenders in the Credit Agreement and the other Loan Documents to which it is a party on and as of the date hereof with the same force and effect as if such representations and warranties were set forth in this Amendment in full.

Section 5.  Certain References.  Each reference to the Credit Agreement in any of the Loan Documents shall be deemed to be a reference to the Credit Agreement as amended by this Amendment.  

Section 6.  Expenses.  The Borrower shall reimburse the Agent upon demand for all reasonable out-of-pocket costs and expenses (including attorneys' fees) actually incurred by the Agent in connection with the preparation, negotiation and execution of this Amendment and the other agreements and documents executed and delivered in connection herewith.

Section 7.  Benefits.  This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.

Section 8.  GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE (INCLUDING, FOR SUCH PURPOSE, SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAWS OF THE STATE OF NEW YORK).

Section 9.  Effect.  Except as expressly herein amended, the terms and conditions of the Credit Agreement and the other Loan Documents remain in full force and effect.  The amendment contained herein shall be deemed to be effective as of January 13, 2012.

Section 10.  Counterparts.  This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original and shall be binding upon all parties, their successors and assigns.

Section 11.  Definitions.  All capitalized terms not otherwise defined herein are used herein with the respective definitions given them in the Credit Agreement.

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

LEXINGTON REALTY TRUST

By: /s/ Joseph S. Bonventre            
      Name:  Joseph Bonventre
      Title:    Executive Vice President

LEPERCQ CORPORATE INCOME FUND L.P.
LEPERCQ CORPORATE INCOME FUND II L.P.

Each By:  LEX GP-1 Trust, its sole general partner

By: /s/ Joseph S. Bonventre            
      Name:      Joseph Bonventre
      Title:        Vice President

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[Signature Page to First Amendment to Amended and Restated Credit Agreement with Lexington Realty Trust et al.]

KEYBANK NATIONAL ASSOCIATION, as Agent and as a Lender 

	
			
	By:
	/s/ Jane E. McGrath

	Name:
	Jane E. McGrath

	Title:
	Vice President

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[Signature Page to First Amendment to Amended and Restated Credit Agreement with Lexington Realty Trust et al.]

WELLS FARGO BANK, NATIONAL ASSOCIATION

	
			
	By:
	/s/ D. Bryan Gregory

	Name:
	D. Bryan Gregory

	Title:
	Director

    

[Signature Page to First Amendment to Amended and Restated Credit Agreement with Lexington Realty Trust et al.]

U.S. BANK NATIONAL ASSOCIATION

	
			
	By:
	/s/ Gordon Clough

	Name:
	Gordon Clough

	Title:
	Vice President

    

[Signature Page to First Amendment to Amended and Restated Credit Agreement with Lexington Realty Trust et al.]

BANK OF AMERICA, N.A.

	
			
	By:
	/s/ Kurt Mathison

	Name:
	Kurt Mathison

	Title:
	Senior Vice President

[Signature Page to First Amendment to Amended and Restated Credit Agreement with Lexington Realty Trust et al.]

PNC BANK, N.A.

	
			
	By:
	/s/ Luis Donoso

	Name:
	Luis Donoso

	Title:
	Vice President

    

[Signature Page to First Amendment to Amended and Restated Credit Agreement with Lexington Realty Trust et al.]

REGIONS BANK

	
			
	By:
	/s/ Kerri Raines

	Name:
	Kerri Raines

	Title:
	Vice President

    

[Signature Page to First Amendment to Amended and Restated Credit Agreement with Lexington Realty Trust et al.]

ROYAL BANK OF CANADA

	
			
	By:
	/s/ Dan LePage

	Name:
	Dan LePage

	Title:
	Authorized Signatory

    

[Signature Page to First Amendment to Amended and Restated Credit Agreement with Lexington Realty Trust et al.]

RBS CITIZENS, N.A. d/b/a CHARTER ONE

	
			
	By:
	/s/ Donald Woods

	Name:
	Donald Woods

	Title:
	Senior Vice President

     

[Signature Page to First Amendment to Amended and Restated Credit Agreement with Lexington Realty Trust et al.]

BARCLAYS BANK PLC

	
			
	By:
	/s/ Diane Rolfe

	Name:
	Diane Rolfe

	Title:
	Director

    

[Signature Page to First Amendment to Amended and Restated Credit Agreement with Lexington Realty Trust et al.]

COMPASS BANK

	
			
	By:
	/s/ Don Byerly

	Name:
	Don Byerly

	Title:
	Senior Vice President

    

[Signature Page to First Amendment to Amended and Restated Credit Agreement with Lexington Realty Trust et al.]

CAPITAL ONE, N.A.

	
			
	By:
	/s/ Frederick H. Denecke

	Name:
	Frederick H. Denecke

	Title:
	Vice President

    

[Signature Page to First Amendment to Amended and Restated Credit Agreement with Lexington Realty Trust et al.]

BRANCH BANKING AND TRUST COMPANY

	
			
	By:
	/s/ Ahaz A. Armstrong

	Name:
	Ahaz A. Armstrong

	Title:
	Assistant Vice President

    

[Signature Page to First Amendment to Amended and Restated Credit Agreement with Lexington Realty Trust et al.]

TD BANK, N.A.

	
			
	By:
	/s/ Brian Welch

	Name:
	Brian Welch

	Title:
	Senior Vice President

    

EXHIBIT A

FORM OF GUARANTOR ACKNOWLEDGEMENT

THIS GUARANTOR ACKNOWLEDGEMENT dated as of June ___, 2012 (this “Acknowledgement”) executed by each of the undersigned (the “Guarantors”) in favor of KEYBANK NATIONAL ASSOCIATION, as Administrative Agent (the “Agent”) and each “Lender” a party to the Credit Agreement referred to below (the “Lenders”).

WHEREAS, Lexington Realty Trust, a real estate investment trust formed under the laws of the State of Maryland (the “Trust”), Lepercq Corporate Income Fund L.P., a limited partnership formed under the laws of the State of Delaware (“LCIF”), and Lepercq Corporate Income Fund II L.P., a limited partnership formed under the laws of the State of Delaware (collectively with the Trust and LCIF, the “Borrowers” and each a “Borrower”), the Lenders, the Agent and certain other parties have entered into that certain Amended and Restated Credit Agreement dated as of January 13, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”);

WHEREAS, each of the Guarantors is a party to that certain Guaranty dated as of January 13, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Guaranty”) pursuant to which they guarantied, among other things, the Borrowers' obligations under the Credit Agreement on the terms and conditions contained in the Guaranty;

WHEREAS, the Borrower, the Agent and the Lenders are to enter into a First Amendment to Amended and Restated Credit Agreement dated as of the date hereof (the “Amendment”), to amend the terms of the Credit Agreement on the terms and conditions contained therein; and

WHEREAS, it is a condition precedent to the effectiveness of the Amendment that the Guarantors execute and deliver this Acknowledgement.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereto agree as follows:

Section 1.  Reaffirmation.  Each Guarantor hereby reaffirms its continuing obligations to the Agent and the Lenders under the Guaranty and agrees that the transactions contemplated by the Amendment shall not in any way affect the validity and enforceability of the Guaranty, or reduce, impair or discharge the obligations of such Guarantor thereunder.

Section 2.  Governing Law.  THIS ACKNOWLEDGMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE (INCLUDING, FOR SUCH PURPOSE, SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAWS OF THE STATE OF NEW YORK)..

Section 3.  Counterparts.  This Acknowledgement may be executed in any number of counterparts, each of which shall be deemed to be an original and shall be binding upon all parties, their successors and assigns.

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A-1

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

GUARANTORS:

LEXINGTON ACQUIPORT COMPANY, LLC
LEXINGTON DUNCAN MANAGER LLC
LEXINGTON MLP WESTERVILLE MANAGER LLC
LEXINGTON LAC LENEXA GP LLC
LEXINGTON LAKEWOOD MANAGER LLC
LEXINGTON MILLINGTON MANAGER LLC
LEXINGTON COLUMBUS GP LLC
LEX CHILLICOTHE GP LLC
LEX WESTERVILLE GP LLC
LEX ROCK HILL GP LLC
LEXINGTON ALLEN MANAGER LLC

Each By: Lexington Realty Trust, its sole member

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Executive Vice President

ACQUIPORT 550 MANAGER LLC
ACQUIPORT 600 MANAGER LLC
ACQUIPORT WINCHESTER MANAGER LLC

Each By: Lexington Acquiport Company, LLC, its sole member

By: Lexington Realty Trust, its sole member
	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEX LP-1 TRUST

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

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A-2

[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

LEX GP-1 TRUST

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

PHOENIX HOTEL ASSOCIATES LIMITED PARTNERSHIP

By:     Lepercq Corporate Income Fund II L.P., 
its sole general partner

By: Lex GP-1 Trust, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON BRISTOL GP LLC
LEXINGTON DULLES MANAGER LLC

Each By: Phoenix Hotel Associates Limited Partnership, 
its sole member

By:     Lepercq Corporate Income Fund II L.P., 
its sole general partner

By: Lex GP-1 Trust, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON SHELBY GP LLC
LEXINGTON TAMPA GP LLC

Each By: Lepercq Corporate Income Fund II L.P., 
its sole member

By: Lex GP-1 Trust, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

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A-3

[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

LEXINGTON FLORENCE MANAGER LLC
LEXINGTON FORT STREET TRUSTEE LLC
LEXINGTON HONOLULU MANAGER LLC
LEXINGTON SOUTHFIELD LLC
LEXINGTON TOY TRUSTEE LLC
LEXINGTON OLIVE BRANCH MANAGER LLC
LEXINGTON LAKE FOREST MANAGER LLC
LEXINGTON WALLINGFORD MANAGER LLC
LEXINGTON HIGH POINT MANAGER LLC
LEXINGTON COLLIERVILLE MANAGER LLC
LEXINGTON LOUISVILLE MANAGER LLC
LEXINGTON TNI WESTLAKE MANAGER LLC

Each By: Lepercq Corporate Income Fund L.P., its sole member

By: Lex GP-1 Trust, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEX GP HOLDING LLC

By: MLP Manager Corp., its sole manager

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

ACQUIPORT SIERRA MANAGER CORP.

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON ACQUIPORT SIERRA LLC

By: Acquiport Sierra Manager Corp., its sole manager

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

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A-4

[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

NEWKIRK ALTENN GP LLC
NEWKIRK AVREM GP LLC
NEWKIRK BASOT GP LLC
NEWKIRK CAROLION GP LLC
NEWKIRK CLIFMAR GP LLC
NEWKIRK DALHILL GP LLC
NEWKIRK ELWAY GP LLC
NEWKIRK GERSANT GP LLC
NEWKIRK JACWAY GP LLC
NEWKIRK JLE WAY GP LLC
NEWKIRK JOHAB GP LLC
NEWKIRK LANMAR GP LLC
NEWKIRK LIROC GP LLC
NEWKIRK ORPER GP LLC
NEWKIRK SALISTOWN GP LLC
NEWKIRK SUNWAY GP LLC
NEWKIRK SUPERWEST GP LLC
NEWKIRK WALANDO GP LLC
NEWKIRK WASHTEX GP LLC

Each By: MLP Manager Corp., its sole manager

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEX-PROPERTY HOLDINGS LLC

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

NK-ODW/COLUMBUS PROPERTY MANAGER LLC
NK-LUMBERTON PROPERTY MANAGER LLC
NK-CINN HAMILTON PROPERTY MANAGER LLC

Each By: Lex-Property Holdings LLC, its sole member

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

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A-5

[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

LSAC GENERAL PARTNER LLC

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LSAC OPERATING PARTNERSHIP L.P.

By: LSAC General Partner LLC, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LSAC CROSSVILLE MANAGER LLC

By: LSAC Operating Partnership L.P., its sole member

By: LSAC General Partner LLC, its sole general partner
	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LXP I TRUST

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LXP I, L.P.

By: LXP I Trust, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

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A-6

[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

LEXINGTON REALTY ADVISORS, INC.

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON WAXAHACHIE MANAGER LLC

By: Lexington Realty Advisors, Inc., its sole member

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON DURHAM INC. 

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

NEWKIRK MLP UNIT LLC

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

MLP UNIT PLEDGE GP LLC

By: Newkirk MLP Unit LLC, its sole member

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

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A-7

MLP UNIT PLEDGE L.P.

By: MLP Unit Pledge GP LLC, its sole general partner

By: Newkirk MLP Unit LLC, its sole member

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON/LION VENTURE L.P.

By:  LXP GP LLC, general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON LION CARY GP LLC

By:  Lexington/Lion Venture L.P., member

By:  LXP GP LLC, general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LXP GP LLC

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

A-8LXP EX10.2 6.22.12

FIRST AMENDMENT TO TERM LOAN AGREEMENT

This FIRST AMENDMENT TO TERM LOAN AGREEMENT (this “Amendment”) dated as of June 22, 2012, but effective as of January 13, 2012, by and among LEXINGTON REALTY TRUST, a real estate investment trust formed under the laws of the State of Maryland (the “Trust”), LEPERCQ CORPORATE INCOME FUND L.P., a limited partnership formed under the laws of the State of Delaware (“LCIF”), and LEPERCQ CORPORATE INCOME FUND II L.P., a limited partnership formed under the laws of the State of Delaware (collectively with the Trust and LCIF, the “Borrowers” and each a “Borrower”), each of the Lenders party hereto, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (the “Agent”).

WHEREAS, the Borrowers, the Lenders, the Agent and certain other parties have entered into that certain Term Loan Agreement dated as of January 13, 2012 (as in effect immediately prior to the date hereof, the “Term Loan Agreement”); and

WHEREAS, the Borrower, the Lenders and the Agent desire to amend certain provisions of the Term Loan Agreement on the terms and conditions contained herein.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereto hereby agree as follows:

Section 1.  Specific Amendments to Term Loan Agreement.  The parties hereto agree that the Term Loan Agreement is amended effective as of January 13, 2012, by deleteing the word “and” at the end of Section 9.2(e), replacing the “.” at the end of Section 9.2(f) with “; and” and adding the following new subsection (g) immediately following Section 9.2(f):

(g)    The Trust may redeem its Preferred Equity Interests.

Section 2.  Conditions Precedent.  The effectiveness of this Amendment is subject to receipt by the Agent of each of the following, each in form and substance satisfactory to the Agent:

(a)    A counterpart of this Amendment duly executed by the Borrowers and the Lenders;

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

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

Section 3.  Representations.  Each Borrower represents and warrants to the Agent and each Lender as follows:

(a)    Authorization.  Each Borrower has the right and power, and has taken all necessary action to authorize it, to execute and deliver this Amendment and to perform its obligations hereunder and under the Term Loan Agreement, as amended by this Amendment, in accordance with their respective terms.  This Amendment has been duly executed and delivered by the duly authorized officers of each Borrower and each of this Amendment and the Term Loan Agreement, as amended by this Amendment, is a legal, valid and binding obligation of each Borrower enforceable against each Borrower in accordance with its respective terms except as the same may be limited by bankruptcy, insolvency, and other similar laws affecting the rights of creditors generally and the availability of equitable remedies for the enforcement of certain obligations (other than the payment of principal) contained herein or therein and as may be limited by equitable principles generally.

(b)    Compliance with Laws, etc.  The execution and delivery by each Borrower of this Amendment and the performance by each Borrower of this Amendment and the Term Loan Agreement, as amended by this Amendment, in accordance with their respective terms, do not and will not, by the passage of time, the giving of notice or otherwise:  (i) require any Government Approvals or violate any Applicable Laws relating to any Borrower; (ii) conflict with, result in a breach of or constitute a default under the organizational documents of any Borrower or any indenture, agreement or other instrument to which any Borrower is a party or by which it or any of its properties may be bound; or (iii) result in or require the creation or imposition of any Lien upon or with respect to any property now owned or hereafter acquired by the Borrower.

(c)    No Default.  No Default or Event of Default has occurred and is continuing as of the date hereof nor will exist immediately after giving effect to this Amendment.

Section 4.  Reaffirmation of Representations by Borrowers.  Each Borrower hereby repeats and reaffirms all representations and warranties made by such Borrowers to the Agent and the Lenders in the Term Loan Agreement and the other Loan Documents to which it is a party on and as of the date hereof with the same force and effect as if such representations and warranties were set forth in this Amendment in full.

Section 5.  Certain References.  Each reference to the Term Loan Agreement in any of the Loan Documents shall be deemed to be a reference to the Term Loan Agreement as amended by this Amendment.  

Section 6.  Expenses.  The Borrower shall reimburse the Agent upon demand for all reasonable out-of-pocket costs and expenses (including attorneys' fees) actually incurred by the Agent in connection with the preparation, negotiation and execution of this Amendment and the other agreements and documents executed and delivered in connection herewith.

Section 7.  Benefits.  This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns.

Section 8.  GOVERNING LAW.  THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE (INCLUDING, FOR SUCH PURPOSE, SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAWS OF THE STATE OF NEW YORK).

Section 9.  Effect.  Except as expressly herein amended, the terms and conditions of the Term Loan Agreement and the other Loan Documents remain in full force and effect.  The amendment contained herein shall be deemed to be effective as of January 13, 2012.

Section 10.  Counterparts.  This Amendment may be executed in any number of counterparts, each of which shall be deemed to be an original and shall be binding upon all parties, their successors and assigns.

Section 11.  Definitions.  All capitalized terms not otherwise defined herein are used herein with the respective definitions given them in the Term Loan Agreement.

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IN WITNESS WHEREOF, the parties hereto have caused this First Amendment to Term Loan Agreement to be executed as of the date first above written.

LEXINGTON REALTY TRUST

	
			
	By:
	/s/ Joseph S. Bonventre

	Name:
	Joseph S. Bonventre

	Title:
	Executive Vice President

Lepercq Corporate Income Fund L.P.
Lepercq Corporate Income Fund II L.P.

Each By:  LEX GP-1 Trust, its sole general partner

	
			
	By:
	/s/ Joseph S. Bonventre

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

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[Signature Page to First Amendment to Term Loan Agreement with Lexington Realty Trust et al.]

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Agent and as a Lender 

	
			
	By:
	/s/ D. Bryan Gregory

	Name:
	D. Bryan Gregory

	Title:
	Director

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[Signature Page to First Amendment to Term Loan Agreement with Lexington Realty Trust et al.]

KEYBANK NATIONAL ASSOCIATION

	
			
	By:
	/s/ Jane E. McGrath

	Name:
	Jane E. McGrath

	Title:
	Vice President

    

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[Signature Page to First Amendment to Term Loan Agreement with Lexington Realty Trust et al.]

REGIONS BANK

	
			
	By:
	/s/ Kerri Raines

	Name:
	Kerri Raines

	Title:
	Vice President

    

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[Signature Page to First Amendment to Term Loan Agreement with Lexington Realty Trust et al.]

CAPITAL ONE, N.A.

	
			
	By:
	/s/ Frederick H. Denecke

	Name:
	Frederick H. Denecke

	Title:
	Vice President

    

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[Signature Page to First Amendment to Term Loan Agreement with Lexington Realty Trust et al.]

BRANCH BANKING AND TRUST COMPANY

	
			
	By:
	/s/ Ahaz A. Armstrong

	Name:
	Ahaz A. Armstrong

	Title:
	Assistant Vice President

    

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[Signature Page to First Amendment to Term Loan Agreement with Lexington Realty Trust et al.]

TD BANK, N.A.

	
			
	By:
	/s/ Brian Welch

	Name:
	Brian Welch

	Title:
	Senior Vice President

    
EXHIBIT A

FORM OF GUARANTOR ACKNOWLEDGEMENT

THIS GUARANTOR ACKNOWLEDGEMENT dated as of June ___, 2012 (this “Acknowledgement”) executed by each of the undersigned (the “Guarantors”) in favor of WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (the “Agent”) and each “Lender” a party to the Term Loan Agreement referred to below (the “Lenders”).

WHEREAS, Lexington Realty Trust, a real estate investment trust formed under the laws of the State of Maryland (the “Trust”), Lepercq Corporate Income Fund L.P., a limited partnership formed under the laws of the State of Delaware (“LCIF”), and Lepercq Corporate Income Fund II L.P., a limited partnership formed under the laws of the State of Delaware (collectively with the Trust and LCIF, the “Borrowers” and each a “Borrower”), the Lenders, the Agent and certain other parties have entered into that certain Term Loan Agreement dated as of January 13, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Term Loan Agreement”);

WHEREAS, each of the Guarantors is a party to that certain Guaranty dated as of January 13, 2012 (as amended, restated, supplemented or otherwise modified from time to time, the “Guaranty”) pursuant to which they guarantied, among other things, the Borrowers' obligations under the Term Loan Agreement on the terms and conditions contained in the Guaranty;

WHEREAS, the Borrower, the Agent and the Lenders are to enter into a First Amendment to Term Loan Agreement dated as of the date hereof (the “Amendment”), to amend the terms of the Term Loan Agreement on the terms and conditions contained therein; and

WHEREAS, it is a condition precedent to the effectiveness of the Amendment that the Guarantors execute and deliver this Acknowledgement.

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties hereto agree as follows:

Section 1.  Reaffirmation.  Each Guarantor hereby reaffirms its continuing obligations to the Agent and the Lenders under the Guaranty and agrees that the transactions contemplated by the Amendment shall not in any way affect the validity and enforceability of the Guaranty, or reduce, impair or discharge the obligations of such Guarantor thereunder.

Section 2.  Governing Law.  THIS ACKNOWLEDGMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE (INCLUDING, FOR SUCH PURPOSE, SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAWS OF THE STATE OF NEW YORK)..

Section 3.  Counterparts.  This Acknowledgement may be executed in any number of counterparts, each of which shall be deemed to be an original and shall be binding upon all parties, their successors and assigns.

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

GUARANTORS:

LEXINGTON ACQUIPORT COMPANY, LLC
LEXINGTON DUNCAN MANAGER LLC
LEXINGTON MLP WESTERVILLE MANAGER LLC
LEXINGTON LAC LENEXA GP LLC
LEXINGTON LAKEWOOD MANAGER LLC
LEXINGTON MILLINGTON MANAGER LLC
LEXINGTON COLUMBUS GP LLC
LEX CHILLICOTHE GP LLC
LEX WESTERVILLE GP LLC
LEX ROCK HILL GP LLC
LEXINGTON ALLEN MANAGER LLC

Each By: Lexington Realty Trust, its sole member

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Executive Vice President

ACQUIPORT 550 MANAGER LLC
ACQUIPORT 600 MANAGER LLC
ACQUIPORT WINCHESTER MANAGER LLC

Each By: Lexington Acquiport Company, LLC, its sole member

By: Lexington Realty Trust, its sole member

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEX LP-1 TRUST

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

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[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

LEX GP-1 TRUST

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

PHOENIX HOTEL ASSOCIATES LIMITED PARTNERSHIP

By:     Lepercq Corporate Income Fund II L.P., 
its sole general partner

By: Lex GP-1 Trust, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON BRISTOL GP LLC
LEXINGTON DULLES MANAGER LLC

Each By: Phoenix Hotel Associates Limited Partnership, 
its sole member

By:     Lepercq Corporate Income Fund II L.P., 
its sole general partner

By: Lex GP-1 Trust, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

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[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

LEXINGTON SHELBY GP LLC
LEXINGTON TAMPA GP LLC

Each By: Lepercq Corporate Income Fund II L.P., 
its sole member

By: Lex GP-1 Trust, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON FLORENCE MANAGER LLC
LEXINGTON FORT STREET TRUSTEE LLC
LEXINGTON HONOLULU MANAGER LLC
LEXINGTON SOUTHFIELD LLC
LEXINGTON TOY TRUSTEE LLC
LEXINGTON OLIVE BRANCH MANAGER LLC
LEXINGTON LAKE FOREST MANAGER LLC
LEXINGTON WALLINGFORD MANAGER LLC
LEXINGTON HIGH POINT MANAGER LLC
LEXINGTON COLLIERVILLE MANAGER LLC
LEXINGTON LOUISVILLE MANAGER LLC
LEXINGTON TNI WESTLAKE MANAGER LLC

Each By: Lepercq Corporate Income Fund L.P., its sole member

By: Lex GP-1 Trust, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEX GP HOLDING LLC

By: MLP Manager Corp., its sole manager

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

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[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

ACQUIPORT SIERRA MANAGER CORP.

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

By:______________________
Name:     Joseph S. Bonventre
Title:      Vice President

LEXINGTON ACQUIPORT SIERRA LLC

By: Acquiport Sierra Manager Corp., its sole manager

By:______________________
        Name:     Joseph S. Bonventre
         Title:      Vice President

NEWKIRK ALTENN GP LLC
NEWKIRK AVREM GP LLC
NEWKIRK BASOT GP LLC
NEWKIRK CAROLION GP LLC
NEWKIRK CLIFMAR GP LLC
NEWKIRK DALHILL GP LLC
NEWKIRK ELWAY GP LLC
NEWKIRK GERSANT GP LLC
NEWKIRK JACWAY GP LLC
NEWKIRK JLE WAY GP LLC
NEWKIRK JOHAB GP LLC
NEWKIRK LANMAR GP LLC
NEWKIRK LIROC GP LLC
NEWKIRK ORPER GP LLC
NEWKIRK SALISTOWN GP LLC
NEWKIRK SUNWAY GP LLC
NEWKIRK SUPERWEST GP LLC
NEWKIRK WALANDO GP LLC
NEWKIRK WASHTEX GP LLC

Each By: MLP Manager Corp., its sole manager

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

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[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

LEX-PROPERTY HOLDINGS LLC

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

NK-ODW/COLUMBUS PROPERTY MANAGER LLC
NK-LUMBERTON PROPERTY MANAGER LLC
NK-CINN HAMILTON PROPERTY MANAGER LLC

Each By: Lex-Property Holdings LLC, its sole member

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LSAC GENERAL PARTNER LLC

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LSAC OPERATING PARTNERSHIP L.P.

By: LSAC General Partner LLC, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LSAC CROSSVILLE MANAGER LLC

By: LSAC Operating Partnership L.P., its sole member

By: LSAC General Partner LLC, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

    
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[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

LXP I TRUST

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LXP I, L.P.

By: LXP I Trust, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON REALTY ADVISORS, INC.

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON WAXAHACHIE MANAGER LLC

By: Lexington Realty Advisors, Inc., its sole member

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON DURHAM INC. 

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

NEWKIRK MLP UNIT LLC

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

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[Signature Page to Guarantor Acknowledgement for Lexington Realty Trust et al.]

MLP UNIT PLEDGE GP LLC

By: Newkirk MLP Unit LLC, its sole member

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

MLP UNIT PLEDGE L.P.

By: MLP Unit Pledge GP LLC, its sole general partner

By: Newkirk MLP Unit LLC, its sole member

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON/LION VENTURE L.P.

By:  LXP GP LLC, general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON LION CARY GP LLC

By:  Lexington/Lion Venture L.P., member

By:  LXP GP LLC, general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LXP GP LLC

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

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