Document:

EX-10.2

 

Exhibit 10.2 

EXECUTION COPY

AMENDMENT NO. 2 TO

CONTRIBUTION AGREEMENT

     THIS AMENDMENT NO. 2 TO CONTRIBUTION AGREEMENT (“Amendment”) is made as of the 20th day of
February, 2008, between The Lexington Master Limited Partnership, a Delaware limited partnership
(“LMLP”), and Net Lease Strategic Assets Fund L.P., a Delaware limited partnership (the
“Partnership”).

RECITALS

     A. LMLP and the Partnership have previously entered into a certain Contribution Agreement,
dated as of August 10, 2007, as amended by that certain Amendment No. 1 thereto, dated as of
December 20, 2007 (as amended, the “Agreement”), having as the subject matter the contribution of
property or properties and direct or indirect interests in owners of property or properties as set
forth on Schedule 1 of the Agreement.

     B. Except as expressly provided herein, all capitalized terms shall have the same meanings as
set forth in the Agreement.

     B. LMLP and the Partnership desire to modify and amend the Agreement pursuant to Section
6.3 of the Agreement.

     NOW THEREFORE, in consideration of the mutual covenants and agreements contained in the
Agreement and this Amendment and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

     1.1 Section 1.1. Section 1.1 is hereby amended by deleting the following
defined terms: 

“Eastgar” means Eastgar Associates Limited Partnership, a Connecticut limited
partnership.

“Eastgar Consent” means the consent of two-thirds in interest of the limited
partners of Eastgar to the contribution of the general partnership interest in Eastgar to
the Partnership.

“Eastgar Partnership Agreement” means the limited partnership agreement of Eastgar,
as the same may be amended from time to time.

     1.2 Section 1.1. Section 1.1 is hereby amended by adding the following
defined terms:

“Honeywell Lease” means that certain Lease and Agreement, dated as of April 26,
1985, between Lexington Glendale LLC (as successor to GlenArrow Associates Limited
Partnership by assignment) and Honeywell International Inc. (as successor to Sperry
Corporation by assignment).

 

 

“Honeywell Property” means the property located at 19019 N. 59th Avenue,
Glendale, Arizona.

“Baker Hughes Christensen Property” means the property located at 9110 Grogans Mill
Road, The Woodlands, Texas.

“Raytheon Property” means the property located at 1200 Jupiter Road, Garland, Texas.

     1.3 Section 2.2. The second sentence of Section 2.2 is hereby amended by
deleting it in its entirety and replacing it with the following:

The execution, delivery and performance by each LMLP Entity of this Agreement, as
applicable, have been duly and validly approved by all necessary limited partnership and
limited liability company action and no other actions or proceedings on the part of any LMLP
Entity are necessary to authorize this Agreement or the transactions contemplated hereby and
thereby.

     1.4 Section 2.5. The third sentence of Section 2.5 is hereby amended by
deleting it in its entirety and replacing it with the following:

Subject to obtaining waivers of the ROFO/ROFR Rights, LMLP has the absolute right, power and
capacity, to sell, assign, convey, transfer and deliver the Interests as contemplated by
this Agreement, free and clear of any liens, claims or other encumbrances, other than the
applicable Loan.

     1.5 Section 2.10. Section 2.10 is hereby amended by deleting it in its
entirety.

     1.6 Section 3.1(c). Section 3.1(c) is hereby amended by deleting it in its
entirety and replacing it with the following:

Leases. As of a Closing: with respect to such Contributed Asset, (i) the
current Tenant Estoppel for the applicable Lease disclosing no matters reasonably
objectionable to the Partnership and Inland, has been delivered to the Partnership
and Inland; (ii) the current Ground Lease Estoppel for the applicable Ground Lease,
if applicable, disclosing no matters reasonably objectionable to the Partnership and
Inland, have been delivered to the Partnership and Inland; (iii) the consent of the
ground lessor under the Ground Lease, if applicable and if required under the Ground
Lease; (iv) the Leases and, if applicable, the Ground Leases shall be in full force
and effect and no monetary or material nonmonetary default or claim by landlord or
tenant shall have arisen under any Leases or, if applicable, the Ground Lease that
was not specifically disclosed in writing to the Partnership and Inland; (v) no
tenant at the applicable Property shall have initiated or had initiated against it
any insolvency, bankruptcy, receivership or other similar proceeding; (iv) there
shall not have been any amendment to the Lease or Ground Lease, as applicable, after
the date hereof, unless consented to by the Partnership and Inland; and (vii) there
shall not have occurred an event of any material damage or destruction to the
applicable Property or any significant condemnation of the applicable Property which
are not the obligation of the tenants thereof to

 

 

repair and renders such Property unusable by the tenant thereof or gives the tenants
thereof the right to terminate; provided that LMLP shall have the right to exercise
the Owner’s rights under the Honeywell Lease with respect to the Released Option
Parcel (as defined in the Honeywell Lease).

     1.7 Section 3.1(f). Section 3.1(f) is hereby amended by deleting it in its
entirety.

     1.8 Article 7. Article 7 is hereby amended by adding the following sections:

Section 7.3. Honeywell Release Parcel. Notwithstanding anything to
the contrary, the Real Property constituting the Honeywell Property shall not
include the Released Parcel (as defined in the Honeywell Lease).

Section 7.4. Condition Precedent to Closing for Raytheon Property.
Notwithstanding anything to the contrary, the obligation of each of the Partnership
and LMLP to consummate a Closing with respect to the Interests related to the
Raytheon Property is subject to the acquisition by NLSAF Garland L.P. of a 100% fee
interest in the Raytheon Property.

     1.9 Schedule 1. Schedule 1 is hereby amended by deleting it in its entirety
and replacing it with Schedule 1 hereto.

     1.10 Schedule 2. Schedule 2 is hereby amended by deleting it in its entirety
and replacing it with Schedule 2 hereto.

     1.11 Schedule 2.5. Schedule 2.5 is hereby amended by deleting it in its
entirety and replacing it with Schedule 2.5 hereto.

     1.12 Schedule 2.8. Schedule 2.8 is hereby amended by deleting it in its
entirety and replacing it with Schedule 2.8 hereto.

     1.13 Schedule 4.2. Schedule 4.2 is hereby amended by deleting it in its
entirety and replacing it with Schedule 4.2 hereto.

     1.14 No Further Amendment. Except as expressly provided for in this Amendment, the
Agreement is in full force and effect and in accordance with its terms and is not further amended.

     1.15 Counterparts. This Amendment may be executed in multiple counterparts and by
facsimile signatures, each of which shall be deemed to be an original, but all of which together,
when fully executed shall constitute the same Amendment.

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed on their
behalf as of the date first above written.

THE LEXINGTON MASTER LIMITED

PARTNERSHIP, a Delaware limited Partnership

By: Lex GP-1 Trust, a Delaware statutory trust, its

general partner

	 	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Joseph S. Bonventre
 

Joseph S. Bonventre
	 	 
	 

	 	Title:
	 	Senior Vice President	 	 

NET LEASE STRATEGIC ASSETS FUND L.P., a

Delaware limited partnership

	 	 	 	 	 	 	 
	 

	 	By:
	 	LMLP GP, a Delaware limited

partnership, its general partner
	 	 

	 	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Joseph S. Bonventre
 

Joseph S. Bonventre
	 	 
	 

	 	Title:
	 	Senior Vice President	 	 

The undersigned LMLP Contribution Affiliates, severally and solely with respect to the Contributed
Asset or Contributed Assets set forth opposite their respective name on Schedule 1 hereto,
agree to contribute, directly or indirectly through LMLP, such Contributed Asset or Contributed
Asset subject to and in accordance with the terms and conditions of the Agreement and this
Amendment:

Lex-Property Holdings LLC

	 	 	 	 	 
	By: 

Name:

	 	/s/ Joseph S. Bonventre
 

Joseph S. Bonventre
	 	 
	Title:

	 	Senior Vice President	 	 

 

 

Newkirk Sablemart L.P.

	 	 	 
	By:

	 	Newkirk Sablemart GP LLC
	 
	 	 
	By:

	 	Lex-Property Holdings LLC

	 	 	 	 	 
	By: 

Name:

	 	/s/ Joseph S. Bonventre
 

Joseph S. Bonventre
	 	 
	Title:

	 	Senior Vice President	 	 

Chader Associates LLC

	 	 	 	 	 
	By: 

Name:

	 	/s/ Joseph S. Bonventre
 

Joseph S. Bonventre
	 	 
	Title:

	 	Senior Vice President	 	 

Newkirk MLP Unit LLC

	 	 	 	 	 
	By: 

Name:

	 	/s/ Joseph S. Bonventre
 

Joseph S. Bonventre
	 	 
	Title:

	 	Senior Vice President	 	 

Triple Net Investment Company LLC

	 	 	 	 	 
	By: 

Name:

	 	/s/ Joseph S. Bonventre
 

Joseph S. Bonventre
	 	 
	Title:

	 	Senior Vice President	 	 

Lexington Tennessee Holdings L.P.

	 	 	 
	By:

	 	Lex GP-1 Trust, its general partner

	 	 	 	 	 
	By: 

Name:

	 	/s/ Joseph S. Bonventre
 

Joseph S. Bonventre
	 	 
	Title:

	 	Senior Vice President	 	 

 

 

Lexington Realty Trust

	 	 	 	 	 
	By: 

Name:

	 	/s/ Joseph S. Bonventre
 

Joseph S. Bonventre
	 	 
	Title:

	 	Executive Vice President	 	 

LSAC Operating Partnership L.P.

	 	 	 
	By:

	 	LSAC General Partner LLC

	 	 	 	 	 
	By: 

Name:

	 	/s/ Joseph S. Bonventre
 

Joseph S. Bonventre
	 	 
	Title:

	 	Senior Vice President	 	 

Lexington Acquiport Company II, LLC

	 	 	 	 	 
	By: 

Name:

	 	/s/ Joseph S. Bonventre
 

Joseph S. Bonventre
	 	 
	Title:

	 	Senior Vice President	 	 

Union Hills Associates

	 	 	 
	By:

	 	Union Hills Associates II, its managing general partner
	 
	 	 
	By:

	 	Lexington Realty Trust, its managing general partner

	 	 	 	 	 
	By: 

Name:

	 	/s/ Joseph S. Bonventre
 

Joseph S. Bonventre
	 	 
	Title:

	 	Executive Vice President	 	 

Lepercq Corporate Income Fund L.P.

	 	 	 
	By:

	 	Lex GP-1 Trust, its general partner

	 	 	 	 	 
	By: 

Name:

	 	/s/ Joseph S. Bonventre
 

Joseph S. Bonventre
	 	 
	Title:

	 	Senior Vice President	 	 

 

 

SCHEDULE 1

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Property	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Net	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Prorations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Adjustments	 	 	 	 	 	 	 	 	 	 	 	LMLP	 	 	 	 	 	 
	Primary	 	 	 	(See	 	Contribution	 	 	 	 	 	Contributed	 	Contribution	 	 	 	 	 	Property
	Tenant	 	Address	 	  Attached) 	 	Value	 	Loans	 	Asset	 	Affiliate	 	Owner	 	GP Entity	 	Interest
	 

	Advance PCS, Inc.

	 	2401 Cherahala

Boulevard,

Knoxville,

Tennessee
	 	 	 	$	12,457,680	 	 	$	5,022,910	 	 	100% membership

interest in

Lexington Knoxville

Manager LLC
	 	LMLP/Lexington
Tennessee Holdings
L.P.
	 	Lexington Knoxville
LLC
	 	Lexington Knoxville

Manager LLC
	 	Fee interest
	 

	American Electric 

Power

	 	420 Riverport Road,

Kingport, Tennessee
	 	 	 	$	4,278,400	 	 	 	—	 	 	100% interest in
Newkirk Elport GP
LLC
99% limited
partnership
interest in Newkirk
Elport L.P.
	 	LMLP

LMLP
	 	Newkirk Elport L.P.
	 	Newkirk Elport GP
LLC
	 	Fee interest
	 

	ASML Lithography 

Holding NV

	 	8555 South River

Parkway, Tempe,

Arizona
	 	 	 	$	___	 	 	$	___	 	 	100% membership
interest in
Lexington Tempe
Manager LLC and
100% limited
partnership
interest in
Lexington Tempe
L.P.
	 	LMLP/Lexington
Contributions Inc.
	 	Lexington Tempe L.P.
	 	Lexington Tempe

Manager LLC
	 	Leasehold interest

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Property	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Net	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Prorations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Adjustments	 	 	 	 	 	 	 	 	 	 	 	LMLP	 	 	 	 	 	 
	Primary	 	 	 	(See	 	Contribution	 	 	 	 	 	Contributed	 	Contribution	 	 	 	 	 	Property
	Tenant	 	Address	 	  Attached) 	 	Value	 	Loans	 	Asset	 	Affiliate	 	Owner	 	GP Entity	 	Interest
	 

	Baker Hughes, Inc.

	 	2529 West Thorne

Drive, Houston,

Texas
	 	 	 	$	___	 	 	$	___	 	 	100% membership
interest in NLSAF
BHI Train GP LLC
(after transfer of
general partner
interest in Texan
Training Limited
Partnership from
Lexington BHI
Trust)) and 99.5%
limited partnership
interest in Texan
Training Limited
Partnership
	 	LMLP/Lexington

Realty Trust
	 	Texan Training

Limited Partnership
	 	NLSAF BHI Train GP
LLC (after transfer
of general partner
interest in Texan
Training Limited
Partnership from
Lexington BHI
Trust)
	 	Fee interest
	 

	Dana Corporation

	 	6938 Elm Valley

Drive, Kalamazoo,

Michigan
	 	 	 	$	___	 	 	$	___	 	 	100% membership
interest in
Lexington Kalamazoo
Manager LLC and
100% limited
partnership
interest in
Lexington Kalamazoo
L.P.
	 	LMLP/Lepercq
Corporate Income
Fund L.P.
	 	Lexington Kalamazoo
L.P.
	 	Lexington Kalamazoo

Manager LLC
	 	Fee interest
	 

	EDS Information
Services, LLC
(Electronic Data
Systems
Corporation)

	 	3600 Army Post

Road, Des Moines,

Iowa
	 	 	 	$	39,770,514	 	 	$	22,761,297	 	 	100% membership
interest in
Lexington TNI Des
Moines Manager LLC
and 100% limited
partnership
interest in
Lexington TNI Des
Moines L.P.
	 	LMLP/Triple Net

Investment Company

LLC
	 	Lexington TNI Des
Moines L.P.
	 	Lexington TNI Des

Moines Manager LLC
	 	Fee interest

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Property	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Net	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Prorations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Adjustments	 	 	 	 	 	 	 	 	 	 	 	LMLP	 	 	 	 	 	 
	Primary	 	 	 	(See	 	Contribution	 	 	 	 	 	Contributed	 	Contribution	 	 	 	 	 	Property
	Tenant	 	Address	 	  Attached) 	 	Value	 	Loans	 	Asset	 	Affiliate	 	Owner	 	GP Entity	 	Interest
	 

	Entergy Services,
Inc.

	 	5201 W. Barraque
Street, Pine Bluff,
Arkansas
	 	 	 	$	3,460,000 —	 	 	 	 	 	 	100% interest in
Newkirk Bluff GP
LLC
99% limited
partnership
interest in Newkirk
Bluff L.P.
	 	Lex-Property

Holdings LLC

LMLP
	 	Newkirk Bluff L.P.
	 	Newkirk Bluff GP LLC
	 	Fee interest
	 

	Honeywell, Inc.

	 	19019 N.
59th
Avenue, Glendale,
Arizona
	 	 	 	$	___	 	 	$	___	 	 	100% interest in

Lexington Glendale

Manager LLC
	 	LMLP/Union Hills

Associates
	 	Lexington Glendale

LLC
	 	Lexington Glendale

Manager LLC
	 	Fee interest

(excluding the

Released Parcel)
	 

	Kelsey Hayes
Company (TRW
Automotive)

	 	1200 & 12025 Tech

Center Drive,

Livonia, Michigan
	 	 	 	$	26,919,057	 	 	$	10,467,458	 	 	100% interest in
Lexington Livonia
L.L.C.
	 	LMLP/Lepercq
Corporate Income
Fund L.P.
	 	Lexington Livonia
L.L.C.
	 	LMLP
	 	Fee interest
	 

	Lithia Motors

	 	101 Creger, Fort

Collins, Colorado
	 	 	 	$	3,922,286	 	 	 	—	 	 	Fee title to
Property
	 	Newkirk Sablemart
L.P.
	 	Newkirk Sablemart
L.P.
	 	N/A
	 	Fee interest
	 

	Owens Corning

	 	590 Ecology Lane,

Chester, South

Carolina
	 	 	 	$	31,220,971	 	 	$	13,055,864	 	 	100% interest in
Lexington Chester
Manager, LLC and
100% interest in
Lexington Chester
Industrial LLC
	 	LMLP/Lexington

Realty Trust
	 	Lexington Chester

Industrial LLC
	 	Lexington Chester

Manager LLC
	 	Fee interest
	 

	Raytheon Company

(to be acquired by
LMLP)

	 	1200 Jupiter Road,

Garland, Texas
	 	 	 	$	___	 	 	 	—	 	 	100% interest in
NLSAF Garland GP
LLC and 100%
limited partnership
interest in NLSAF
Garland L.P. (both
to be formed)
	 	LMLP
	 	NLSAF Garland L.P.
(to be formed and
acquire the fee
interest)
	 	NLSAC Garland GP

LLC (to be formed)
	 	Fee interest

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Property	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Net	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Prorations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Adjustments	 	 	 	 	 	 	 	 	 	 	 	LMLP	 	 	 	 	 	 
	Primary	 	 	 	(See	 	Contribution	 	 	 	 	 	Contributed	 	Contribution	 	 	 	 	 	Property
	Tenant	 	Address	 	  Attached) 	 	Value	 	Loans	 	Asset	 	Affiliate	 	Owner	 	GP Entity	 	Interest
	 

	TI Group Automotive 

Systems, LLC (TI 

Automotive LTD)

	 	359 Gateway Drive,

Livonia, Georgia
	 	 	 	$	14,525,000	 	 	$	9,715,415	 	 	100% membership
interest in
Lexington Livonia
TI Manager LLC and
100% limited
partnership
interest in
Lexington Livonia
TI L.P.
	 	LMLP/LSAC Operating
Partnership L.P.
	 	Lexington Livonia
TI L.P.
	 	Lexington Livonia

TI Manager LLC
	 	Leasehold interest
	 

	Unisource
Worldwide, Inc.

	 	109 Stevens Street,

Jacksonville,

Florida
	 	 	 	$	7,695,538	 	 	 	—	 	 	Fee interest
	 	LMLP/Lepercq
Corporate Income
Fund II L.P.
	 	NLSAF Jacksonville
L.P.
	 	NLSAF Jacksonville

GP LLC
	 	Fee interest
	 

	United Technologies
Corp.

	 	120 S.E. Parkway
Drive, Franklin,
Tennessee
	 	 	 	$	___	 	 	 	—	 	 	100% interest in
Newkirk Syrcar GP
LLC
99% limited
partnership
interest in Newkirk
Syrcar L.P.
	 	Lex-Property

Holdings LLC

LMLP
	 	Newkirk Syrcar L.P.
	 	Newkirk Syrcar GP

LLC
	 	Ground lease
	 

	Voicestream PCS II
(T-Mobile USA,
Inc.)

	 	3265 East Goldstone

Drive, Meridian,

Idaho
	 	 	 	$	18,684,415	 	 	$	10,033,141	 	 	100% membership

interest in

Acquiport Meridian

Manager LLC
	 	LMLP/Lexington

Acquiport Company

II, LLC
	 	Acquiport Meridian

LLC
	 	Acquiport Meridian

Manager LLC
	 	Fee interest

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Property	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Net	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Prorations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	Adjustments	 	 	 	 	 	 	 	 	 	 	 	LMLP	 	 	 	 	 	 
	Primary	 	 	 	(See	 	Contribution	 	 	 	 	 	Contributed	 	Contribution	 	 	 	 	 	Property
	Tenant	 	Address	 	  Attached) 	 	Value	 	Loans	 	Asset	 	Affiliate	 	Owner	 	GP Entity	 	Interest
	 

	Voicestream PCS II
(T-Mobile USA,
Inc.)

	 	3711 San Gabrial,

Mission, Texas
	 	 	 	$	13,536,722	 	 	$	6,251,476	 	 	100% membership
interest in
Lexington Mission
Manager LLC and
99.5% limited
partnership
interest in
Lexington Mission
L.P.
	 	LMLP/Triple Net

Investment Company

LLC
	 	Lexington Mission
L.P.
	 	Lexington Mission

Manager LLC
	 	Fee interest
	 

	Wachovia Bank, N.A.

	 	265 Lehigh Street,

Allentown,

Pennsylvania
	 	 	 	$	4,420,000	 	 	 	—	 	 	100% interest in
Newkirk Croydon GP
LLC
99% limited
partnership
interest in Newkirk
Croydon L.P.
	 	Lex-Property

Holdings LLC

LMLP
	 	Newkirk Croydon L.P.
	 	Newkirk Croydon GP

LLC
	 	Fee interest

 

 

SCHEDULE 2

Lease, dated as of September 27, 2000, between Texan Christensen Limited Partnership and Baker
Hughes Incorporated, as amended

Lease Agreement, dated as of October 26, 2001, between Lexington Kalamazoo L.P. (as successor to
Danacq Kalamazoo LLC by assignment) and Dana Corporation, as amended and assigned

Amended and Restated Sublease Agreement, dated January 15, 1985, between Newkirk Syrcar L.P. (as
successor to Stemp Leasing Corp.) and Essex Group, Inc.,. as amended and assigned

Agreement of Sublease, dated as of October 1, 2004, between Lexington Livonia TI L.P. (as successor
to TC Hart County, LLC by assignment) and TI Group Automotive Systems, LLC, as amended and assigned

Lease Agreement, dated as of December 15, 2003, between Acquiport Meridian LLC (as successor to HP
Boise, LLC by assignment) and Voicestream PCS Holding, LLC, as amended and assigned

Lease Agreement, dated as of June 2, 2003, between Lexington Mission L.P. (as successor to
CentraTek L.P. by assignment) and T-Mobile West Corporation, as amended and assigned

Honeywell Lease

 

 

SCHEDULE 2.5

ORGANIZATIONAL CHART

[Intentionally omitted from filing]

 

 

SCHEDULE 2.8

RENT ROLL

[Intentionally omitted from filing]

 

 

SCHEDULE 2.16

TENANT ESTOPPELS

	 
	AdvancePCS

	American Electric

	ASML

	Baker Hughes-Training (W.Thorne)

	Dana — Kalamazoo

	EDS

	Entergy-Pine Bluff

	Honeywell

	Lithia Motors

	Owens Corning-Chester

	Raytheon

	TI Automotive

	T-Mobile-Meridian

	T-Mobile-Mission

	TRW/Kelsey Hayes

	Unisource

	United Tech-Franklin

	Wachovia

 

 

SCHEDULE 4.2

PERMITTED EXCEPTIONS

[Intentionally omitted from filing]EX-10.3

 

Exhibit 10.3

EXECUTION COPY

AMENDMENT NO. 2 TO

PURCHASE AND SALE AGREEMENT

     THIS AMENDMENT NO. 2 TO PURCHASE AND SALE AGREEMENT (“Amendment”) is made as of the 20th day
of February, 2008, between The Lexington Master Limited Partnership, a Delaware limited partnership
(“LMLP”), and Net Lease Strategic Assets Fund L.P., a Delaware limited partnership (the
“Partnership”).

RECITALS

     A. LMLP and the Partnership have previously entered into a certain Purchase and Sale
Agreement, dated as of August 10, 2007, as amended by that certain Amendment No. 1 to Purchase and
Sale Agreement, dated as of December 20, 2008 (as amended, the “Agreement”), having as the subject
matter the sale of property or properties and direct or indirect interests in owners of property or
properties as set forth on Schedule 1 of the Agreement.

     B. Except as expressly provided herein, all capitalized terms shall have the same meanings as
set forth in the Agreement.

     B. LMLP and the Partnership desire to modify and amend the Agreement pursuant to Section
6.3 of the Agreement.

     NOW THEREFORE, in consideration of the mutual covenants and agreements contained in the
Agreement and this Amendment and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

     1.1 Section 1.1. Section 1.1 is hereby amended by deleting the following
defined terms:

“Honeywell Lease” means that certain Lease and Agreement, dated as of April 26,
1985, between Lexington Glendale LLC (as successor to GlenArrow Associates Limited
Partnership by assignment) and Honeywell International Inc. (as successor to Sperry
Corporation by assignment).

“Honeywell Property” means the property located at 19019 N. 59th Avenue,
Glendale, Arizona.

     1.2 Section 1.1. Section 1.1 is hereby amended by adding the following
defined terms:

“Baker Hughes Christensen Property” means the property located at 9110 Grogans Mill
Road, The Woodlands, Texas.

     “Raytheon Property” means the property located at 1200 Jupiter Road, Garland, Texas.

     1.3 Section 3.1(c). Section 3.1(c) is hereby amended by deleting it in its
entirety and replacing it with the following:

 

 

Leases. As of a Closing: with respect to each Sold Asset, (i) the current
Tenant Estoppel for the applicable Lease disclosing no matters reasonably
objectionable to the Partnership and Inland, have been delivered to the Partnership
and Inland; (ii) the current Ground Lease Estoppel for the applicable Ground Lease,
if applicable, disclosing no matters reasonably objectionable to the Partnership and
Inland, have been delivered to the Partnership and Inland; (iii) the consent of the
ground lessor under the Ground Lease, if applicable and if required under the Ground
Lease; (iv) the Leases and, if applicable, the Ground Leases shall be in full force
and effect and no monetary or material nonmonetary default or claim by landlord or
tenant shall have arisen under any Leases or, if applicable, the Ground Lease that
was not specifically disclosed in writing to the Partnership and Inland; (v) no
tenant at the applicable Property shall have initiated or had initiated against it
any insolvency, bankruptcy, receivership or other similar proceeding; (iv) there
shall not have been any amendment to the Lease or Ground Lease, as applicable, after
the date hereof, unless consented to by the Partnership and Inland; and (vii) there
shall not have occurred an event of any material damage or destruction to the
applicable Property or any significant condemnation of such Property which are not
the obligation of the tenants thereof to repair and renders such Sold Asset unusable
by the tenant thereof or gives the tenants thereof the right to terminate.

     1.4 Article 7. Article 7 is hereby amended by deleting Section 7.3 in
its entirety and replacing it with the following:

Condition Precedent to Closing for Baker Hughes Christensen Property.
Notwithstanding anything to the contrary, the obligation of each of the Partnership
and LMLP to consummate a Closing with respect to the Interests related to the Baker
Hughes Christensen Property is subject to the acquisition by NLSAF Garland L.P. of a
100% fee interest in the Raytheon Property.

     1.5 Schedule 1. Schedule 1 is hereby amended by deleting it in its entirety
and replacing it with Schedule 1 hereto.

     1.6 Schedule 2. Schedule 2 is hereby amended by deleting it in its entirety
and replacing it with Schedule 2 hereto.

     1.7 Schedule 2.5. Schedule 2.5 is hereby amended by deleting it in its
entirety and replacing it with Schedule 2.5 hereto.

     1.8 Schedule 2.8. Schedule 2.8 is hereby amended by deleting it in its
entirety and replacing it with Schedule 2.8 hereto.

     1.9 Schedule 4.2. Schedule 4.2 is hereby amended by deleting it in its
entirety and replacing it with Schedule 4.2 hereto.

     1.10 No Further Amendment. Except as expressly provided for in this Amendment, the
Agreement is in full force and effect and in accordance with its terms and is not further amended.

2

 

     1.11 Counterparts. This Amendment may be executed in multiple counterparts and by
facsimile signatures, each of which shall be deemed to be an original, but all of which together,
when fully executed shall constitute the same Amendment.

3

 

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed on their
behalf as of the date first above written.

	 	 	 	 	 	 	 
	 	 	THE LEXINGTON MASTER LIMITED	 	 
	 	 	PARTNERSHIP, a Delaware limited Partnership	 	 
	 
	 	 	 	 	 	 
	 	 	By: Lex GP-1 Trust, a Delaware statutory trust, its

general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:
	 	Senior Vice President	 	 
	 

	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	NET LEASE STRATEGIC ASSETS FUND L.P., a Delaware
limited partnership	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	LMLP GP, a Delaware limited

partnership, its general partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 	 	 
	 

	 	Title:
	 	Senior Vice President	 	 
	 

	 	 	 	 	 	 

The undersigned LMLP Sale Affiliates, severally and solely with respect to the Sold Asset or Sold
Assets set forth opposite their respective name on Schedule 1 hereto, agree to sell such
Sold Asset or Sold Asset subject to and in accordance with the terms and conditions of the
Agreement and this Amendment:

	 	 	 	 	 
	LSAC Operating Partnership L.P.	 	 
	 
	 	 	 	 
	By: LSAC General Partner LLC	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph S. Bonventre
	 	 
	 

	 	 	 	 
	Name:

	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Title:

	 	Senior Vice President	 	 
	 

	 	 	 	 

 

 

	 	 	 	 	 
	Lexington TIC OK Holdings L.P.	 	 
	 
	 	 	 	 
	By: Lexington TIC OK LLC, its general partner	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Name:

	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Title:

	 	Senior Vice President	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Triple Net Investment Company LLC	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Name:

	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Title:

	 	Senior Vice President	 	 
	 
	 	 	 	 
	Net 3 Acquisition L.P.	 	 
	 
	 	 	 	 
	By: Lex GP-1 Trust, its general partner	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Name:

	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Title:

	 	Senior Vice President	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Lepercq Corporate Income Fund L.P.	 	 
	 
	 	 	 	 
	By: Lex GP-1 Trust, its general partner	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Name:

	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Title:

	 	Senior Vice President	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Lexington Acquiport Company II, LLC	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Name:

	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Title:

	 	Senior Vice President	 	 
	 

	 	 	 	 

 

 

	 	 	 	 	 
	Lexington Foxboro I LLC	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Name:

	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Title:

	 	Senior Vice President	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Westport View Corporate Center L.P.	 	 
	 
	 	 	 	 
	By: Lexington Westport LLC, its general partner	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Name:

	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Title:

	 	Senior Vice President	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Lexington Realty Trust	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Name:

	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Title:

	 	Executive Vice President	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	LXP I, L.P.	 	 
	 
	 	 	 	 
	By: LXP I Trust, its general partner	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Name:

	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Title:

	 	Senior Vice President	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	North Tampa Associates	 	 
	 
	 	 	 	 
	By: Lexington Realty Trust, its managing general partner	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Name:

	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Title:

	 	Senior Vice President	 	 
	 

	 	 	 	 

 

 

	 	 	 	 	 
	Lexington Texas Holdings L.P.	 	 
	 
	 	 	 	 
	By; Lexington Texas Holdings Manager LLC, its general partner	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Name:

	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Title:

	 	Senior Vice President	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	Lepercq Corporate Income Fund II L.P.	 	 
	 
	 	 	 	 
	By: Lex GP-1 Trust, its general partner	 	 
	 
	 	 	 	 
	By:

	 	/s/ Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Name:

	 	Joseph S. Bonventre	 	 
	 

	 	 	 	 
	Title:

	 	Senior Vice President	 	 
	 

	 	 	 	 

 

 

SCHEDULE 1

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Net	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Prorations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Adjustments	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	(See	 	 	 	 	 	 	 	 	 	 	 	 	 	GP/Manager	 	LMLP Sale
	Type	 	Primary Tenant	 	Address	 	Attached)	 	Purchase Price	 	Loans	 	Sold Assets	 	Owner	 	Entity	 	Affiliate
	 
	Fee interest

	 	American Golf

Corporation
	 	11411 N. Kelly
Avenue, Oklahoma
City, Oklahoma
	 	 	 	$	5,300,000	 	 	 	—	 	 	100% membership
interest in LSAC
Oklahoma City
Manager LLC and 100
limited partnership
interest in LSAC
Oklahoma L.P.
	 	LSAC Oklahoma City
L.P.
	 	LSAC Oklahoma

Manager LLC
	 	LSAC Operating
Partnership L.P.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	40%

tenancy-in-common 

interest

	 	AT&T Wireless
Services, Inc.
	 	3201 Quail Springs

Parkway, Oklahoma

City, Oklahoma
	 	 	 	$	10,078,021	 	 	$	5,899,549	 	 	100% membership
interest in
Lexington Oklahoma
City Manager LLC
and 100% limited
partnership
interest in
Lexington Oklahoma
City L.P.
	 	Lexington Oklahoma
City L.P.
	 	Lexington Oklahoma

City Manager LLC
	 	Lexington TIC OK
Holdings L.P.
	 
	Fee interest

	 	Bay Valley Foods,

LLC
	 	2935 Van Vactor

Way, Plymouth,

Indiana
	 	 	 	$	8,900,000	 	 	$	6,584,860	 	 	100% membership
interest in LSAC
Plymouth Manager
LLC and 100%
limited partnership
interest in LSAC
Plymouth L.P.
	 	LSAC Plymouth L.P.
	 	LSAC Plymouth

Manager LLC
	 	LSAC Operating
Partnership L.P.

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Net	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Prorations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Adjustments	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	(See	 	 	 	 	 	 	 	 	 	 	 	 	 	GP/Manager	 	LMLP Sale
	Type	 	Primary Tenant	 	Address	 	Attached)	 	Purchase Price	 	Loans	 	Sold Assets	 	Owner	 	Entity	 	Affiliate
	 
	Fee Interest

	 	Baker Hughes, Inc.
	 	9110 Grogans Mill

Road, Houston,

Texas
	 	 	 	$	___	 	 	$	___	 	 	100% membership
interest in NLSAF
BHI Christen GP LLC
(after transfer of
general partner
interest in Texan
Christensen Limited
Partnership from
Lexington BHI
Trust) and 99.5%
limited partnership
interest in Texan
Christensen Limited
Partnership
	 	Texan Christensen

Limited Partnership
	 	NLSAF BHI Christen
GP LLC (after
transfer of general
partner interest in
Texan Christensen
Limited Partnership
from Lexington BHI
Trust)
	 	Lexington Realty

Trust
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Corning, Inc.
	 	736 Addison Road,

Erwin, New York
	 	 	 	$	15,352,633	 	 	$	9,299,052	 	 	100% membership
interest in
Lexington TNI Erwin
Manager LLC and
100% limited
partnership
interest in
Lexington TNI Erwin
L.P.
	 	Lexington TNI Erwin
L.P.
	 	Lexington TNI Erwin

Manager LLC
	 	Triple Net

Investment Company

LLC

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Net	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Prorations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Adjustments	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	(See	 	 	 	 	 	 	 	 	 	 	 	 	 	GP/Manager	 	LMLP Sale
	Type	 	Primary Tenant	 	Address	 	Attached)	 	Purchase Price	 	Loans	 	Sold Assets	 	Owner	 	Entity	 	Affiliate
	 
	Fee interest

	 	Cox Communications,
Inc.
	 	1440 East

15th
Street, Tucson,

Arizona
	 	 	 	$	6,837,206	 	 	$	2,257,957	 	 	100% membership

interest in Net 2

Cox LLC
	 	Net 2 Cox LLC
	 	 	 	Net 3 Acquisition
L.P.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Georgia Power

Company
	 	2500 Patrick Henry

Parkway, McDonough,

Georgia
	 	 	 	$	19,500,000	 	 	$	12,675,000	 	 	100% membership
interest in
Acquiport McDonough
Manager LLC and
99.5% limited
partnership
interest in
Acquiport McDonough
L.P.
	 	Acquiport McDonough
L.P.
	 	Acquiport McDonough

Manager LLC
	 	Lexington Acquiport

Company II, LLC
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Ivensys Systems,
Inc. (Siebe, Inc.)
	 	70 Mechanic Street,

Foxboro,

Massachusetts
	 	 	 	$	___	 	 	$	___	 	 	100% membership

interest in

Lexington Foxboro I

LLC
	 	Lexington Foxboro I

LLC
	 	 	 	Lepercq Corporate
Income Fund L.P.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Kelsey-Seybold
Clinic (St. Lukes
Episcopal Health
System)
	 	11555 University

Boulevard, Houston,

Texas
	 	 	 	$	___	 	 	$	___	 	 	100% membership
interest in
Lexington Sugarland
Manager LLC and
100% limited
partnership
interest in
Lexington Sugarland
L.P.
	 	Lexington Sugarland
L.P.
	 	Lexington Sugarland

Manager LLC
	 	Westport View
Corporate Center
L.P.

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Net	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Prorations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Adjustments	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	(See	 	 	 	 	 	 	 	 	 	 	 	 	 	GP/Manager	 	LMLP Sale
	Type	 	Primary Tenant	 	Address	 	Attached)	 	Purchase Price	 	Loans	 	Sold Assets	 	Owner	 	Entity	 	Affiliate
	 
	Fee interest

	 	Litton Loan
Servicing L.P.
(Credit-Based Asset
Servicing and
Securitization LLC)
	 	3500 North Loop

Court, McDonough,

Georgia
	 	 	 	$	13,750,000	 	 	 	—	 	 	100% membership
interest in NLSAF
McDonough Manager
LLC and 100%
limited partnership
interest in NLSAF
McDonough L.P.
	 	NLSAF McDonough L.P.
	 	NLSAF McDonough

Manager LLC
	 	Lexington Realty

Trust
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Montgomery County

Management, LLC
	 	17191 St. Lukes
Way, Woodlands,
Texas
	 	 	 	$	10,000,000	 	 	$	7,500,000	 	 	100% membership
interest in LSAC
Woodlands Manager
LLC and 99.5%
limited partnership
interest in LSAC
Woodlands L.P.
	 	LSAC Woodlands L.P.
	 	LSAC Woodlands L.P.
	 	LSAC Operating
Partnership L.P.

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Net	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Prorations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Adjustments	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	(See	 	 	 	 	 	 	 	 	 	 	 	 	 	GP/Manager	 	LMLP Sale
	Type	 	Primary Tenant	 	Address	 	Attached)	 	Purchase Price	 	Loans	 	Sold Assets	 	Owner	 	Entity	 	Affiliate
	 
	Fee interest

	 	Nextel of Texas
	 	1600 Eberhardt

Road, Temple, Texas
	 	 	 	$	19,750,000	 	 	$	8,757,807	 	 	100% membership
interest in
Lexington Temple
Manager Trust and
99% limited
partnership
interest in
Lexington Temple
L.P.
	 	Lexington Temple
L.P.
	 	Lexington Temple
Manager Trust
(which will be
converted to
Lexington Temple
Manager, LLC
thereafter)
	 	Lexington Realty

Trust
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Nextel West

Corporation
	 	6455 State Highway
303 N.E.,
Bremerton,
Washington
	 	 	 	$	15,498,614	 	 	$	6,473,162	 	 	100% membership

interest in

Lexington Bremerton

Manager LLC
	 	Lexington Bremerton

LLC
	 	Lexington Bremerton

Manager LLC
	 	Lexington Realty

Trust
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Northrop Grumman
Systems Corp.
	 	3943 Denny Avenue,

Pascagoula,

Mississippi
	 	 	 	$	6,300,000	 	 	 	—	 	 	100% membership
interest in LSAC
Pascagoula Manager
LLC and 100%
limited partnership
interest in LSAC
Pascagoula L.P.
	 	LSAC Pascagoula L.P.
	 	LSAC Pascagoula

Manager LLC
	 	LSAC Operating
Partnership L.P.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Omnipoint Holdings,
Inc. (T-Mobile USA,
Inc.)
	 	133 First Park

Drive, Oakland,

Maine
	 	 	 	$	15,185,754	 	 	$	10,226,839	 	 	100% membership
interest in
Acquiport Oakland
Manager LLC and
100% limited
partnership
interest in
Acquiport Oakland
L.P.
	 	Acquiport Oakland
L.P.
	 	Acquiport Oakland

Manager LLC
	 	Lexington Acquiport

Company II, LLC

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Net	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Prorations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Adjustments	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	(See	 	 	 	 	 	 	 	 	 	 	 	 	 	GP/Manager	 	LMLP Sale
	Type	 	Primary Tenant	 	Address	 	Attached)	 	Purchase Price	 	Loans	 	Sold Assets	 	Owner	 	Entity	 	Affiliate
	 
	Fee interest

	 	Owens Corning
	 	1901

49th
Avenue,

Minneapolis,

Minnesota
	 	 	 	$	8,243,486	 	 	 	—	 	 	100% membership
interest in
Lexington
Minneapolis L.L.C.
	 	Lexington
Minneapolis L.L.C.
	 	 	 	Lepercq Corporate
Income Fund L.P.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Parkway Chevrolet,
Inc.
	 	25500 SH 249,

Tomball, Texas
	 	 	 	$	14,500,000	 	 	$	9,308,850	 	 	100% membership
interest in LSAC
Tomball Manager LLC
and 100% limited
partnership
interest in LSAC
Tomball L.P.
	 	LSAC Tomball L.P.
	 	LSAC Tomball

Manager LLC
	 	LSAC Operating
Partnership L.P.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Seimens Dematic

Postal Automation
	 	1404-1501 Nolan

Ryan Parkway,

Arlington, Texas
	 	 	 	$	___	 	 	$	___	 	 	100% membership
interest in
Lexington Arlington
Manager LLC and
99.5% limited
partnership
interest in
Lexington Arlington
L.P.
	 	Lexington Arlington
L.P.
	 	Lexington Arlington

Manager LLC
	 	Lexington Acquiport

Company II, LLC

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Net	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Prorations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Adjustments	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	(See	 	 	 	 	 	 	 	 	 	 	 	 	 	GP/Manager	 	LMLP Sale
	Type	 	Primary Tenant	 	Address	 	Attached)	 	Purchase Price	 	Loans	 	Sold Assets	 	Owner	 	Entity	 	Affiliate
	 
	Fee interest

	 	Silver Spring
Gardens, Inc.
(Huntsinger Farms,
Inc.)
	 	2424 Alpine Road,

Eau Claire,

Wisconsin
	 	 	 	$	12,400,000	 	 	 	—	 	 	100% membership
interest in LSAC
Eau Claire Manager
LLC and 100%
limited partnership
interest in LSAC
Eau Claire L.P.
	 	LSAC Eau Claire L.P.
	 	LSAC Eau Claire

Manager LLC
	 	LSAC Operating
Partnership L.P.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	SKF USA Inc.
	 	324 Industrial Park

Road, Franklin,

North Carolina
	 	 	 	$	4,939,363	 	 	$	1,472,638	 	 	Fee interest
	 	Lexington Realty

Trust
	 	 	 	Lexington Realty

Trust
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Tenneco Automotive
Operation Company
(Tenneco Automotive
Inc.)
	 	904 Industrial

Road, Marshall,

Michigan
	 	 	 	$	___	 	 	 	—	 	 	Fee interest
	 	LXP I, L.P.
	 	 	 	LXP I, L.P.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Time Customer
Service, Inc.
(Time, Inc.)
	 	10419 North

30th
Street, Tampa,

Florida
	 	 	 	$	___	 	 	$	___	 	 	Fee interest
	 	North Tampa

Associates
	 	 	 	North Tampa

Associates

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Net	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Prorations	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	and	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	Adjustments	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Property	 	 	 	(See	 	 	 	 	 	 	 	 	 	 	 	 	 	GP/Manager	 	LMLP Sale
	Type	 	Primary Tenant	 	Address	 	Attached)	 	Purchase Price	 	Loans	 	Sold Assets	 	Owner	 	Entity	 	Affiliate
	 
	Fee interest

	 	TRW, Inc. (Experian
Information
Solutions, Inc.)
	 	601 & 701 Experian

Parkway, Allen,

Texas
	 	 	 	$	___	 	 	$	___	 	 	100% membership
interest in
Lexington Allen
Manager LLC and
100% limited
partnership
interest in
Lexington Allen
L.P.
	 	Lexington Allen L.P.
	 	Lexington Allen

Manager LLC
	 	Lexington Texas
Holdings L.P.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Voicestream PCS I
(T-Mobile USA,
Inc.)
	 	2999 S.W.
6th
Street, Redmond,
Oregon
	 	 	 	$	22,079,662	 	 	$	9,605,384	 	 	100% membership

interest in

Lexington Redmond

Manager LLC
	 	Lexington Redmond

LLC
	 	Lexington Redmond

Manager LLC
	 	Lepercq Corporate
Income Fund II L.P.
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	Fee interest

	 	Voicestream PCS II
(T-Mobile USA,
Inc.)
	 	9601 Renner

Boulevard, Lenexa,

Kansas
	 	 	 	$	19,014,738	 	 	$	10,098,936	 	 	100% membership

interest in

Acquiport Lenexa

Manager LLC
	 	Acquiport Lenexa LLC
	 	Acquiport Lenexa

Manager LLC
	 	Lexington Acquiport

Company II, LLC

 

 

SCHEDULE 2

Lease, dated as of September 27, 2000, between Texan Training Limited Partnership and Baker Hughes
Incorporated, as amended

Lease Agreement, date d as of March 14, 2003, between LSAC Plymouth L.P. (as successor to Van
Vactor LLC by assignment and Bay Valley Foods, LLC (as successor by assignment to Dean Specialty
Foods Group, LLC by assignment), as amended and assigned

Nextel Communications Standard Office Lease Agreement, dated January 30, 2001, between Nextel West
Corp. and Lexington Bremerton LLC (as successor to NBS Bremerton, L.L.C. by assignment), as amended
and assigned

Office Lease Agreement, dated as of July 13, 2004, between Lexington Sugarland L.P. (as successor
to TDC KS, L.P. by assignment) and KS Management Services, LP, as amended and assigned

Lease Agreement, dated as of March 30, 2004, between Acquiport Lenexa LLC (as successor to HP
Kansas City, LLC by assignment) and Voicestream PCS II Corporation, as amended and assigned

Lease Agreement, dated as of December 27, 2004, between Acquiport Oakland L.P. (as successor to HP
Maine, LLC by assignment) and Omnipoint Holdings, Inc., as amended and assigned

Lease Agreement, dated as of August 5, 2007, between Lexington Redmond LLC (as successor to HP
Redmond, LLC by assignment) and Voicestream PCS I LLC, as amended and assigned

Lease Agreement, dated September 28, 1990, between Net 2 Cox (as successor to Net 2 L.P. by
assignment) and CoxCom, Inc. (as successor to Robin Cable Systems of Tucson by assignment), as
amended and assigned

Nextel Communications Standard Office Lease Agreement, dated as of      , between Nextel of Texas Inc.
and Lexington Temple L.P. (as successor to NBS Temple, L.L.C. by assignment), as amended and
assigned

 

 

SCHEDULE 2.5

ORGANIZATIONAL CHART

[Intentionally omitted from filing]

 

 

SCHEDULE 2.8

RENT ROLL

[Intentionally omitted from filing]

 

 

SCHEDULE 2.17

TENANT ESTOPPELS

American Golf / Silverhorn

AT&T

Baker Hughes-Christensen 
(Grogans)

Bay Valley Foods

Corning

Cox

Experian

Georgia Power

Huntsinger

Invensys

Litton Loan / CBASS

Montgomery County Mgnt/Sadler

Nextel-Bremerton

Nextel-Temple

Northrop Grumman

Owens Corning-Minneapolis

Parkway Chevrolet

Seimens

SKF

St. Lukes/Kelsey Seybold

Tenneco

Time

T-Mobile-Lenexa

T-Mobile-Oakland

T-Mobile-Redmond

 

 

SCHEDULE 4.2

PERMITTED EXCEPTIONS

[Intentionally omitted from filing]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]