Document:

Fourth Amendment to the Amended and Restated Limited Partnership Agreement

 Exhibit 10.4 
 FOURTH AMENDMENT TO THE AMENDED AND RESTATED LIMITED 
 PARTNERSHIP AGREEMENT 
 OF 
 DCT INDUSTRIAL OPERATING
PARTNERSHIP LP, 
 A Delaware limited partnership 
 This Fourth Amendment (the “Amendment”) to the Amended and Restated Limited Partnership Agreement (the “Agreement”) of DCT Industrial Operating Partnership LP, a Delaware limited
partnership (the “Partnership”), dated as of October 10, 2006, as amended to date, is made and entered into as of December 1, 2008 by DCT Industrial Trust Inc., a Maryland corporation, as General Partner (the
“General Partner”). 
 RECITALS 
 WHEREAS, the General Partner desires to amend the Agreement, pursuant to Article 11 thereof, as set forth below; and 
 WHEREAS, all capitalized terms used but not defined in this Amendment shall have the meanings ascribed to such terms in the Agreement; 
 NOW, THEREFORE, the Agreement shall be amended as follows: 
 1. Section 2 of the Agreement is amended to add the following as Section 2.7: 
 “2.7 UCC
Article 8 Election. All Partnership Interests shall be securities within the meaning of, and governed by, (i) Article 8 of the Delaware Uniform Commercial Code and (ii) Article 8 of the Uniform Commercial Code of any other applicable
jurisdiction.” 
 2. Section 10.6(a) of the Agreement is amended and restated in its entirety as follows: 
 “(a) As soon as practicable after the close of each fiscal quarter (other than the last quarter of the fiscal year), the General Partner shall
deliver to each Limited Partner a quarterly report containing financial statements of the Partnership, or of the General Partner if such statements are prepared solely on a consolidated basis with the General Partner, for such fiscal quarter,
presented in accordance with generally accepted accounting principles. As soon as practicable after the close of each fiscal year, the General Partner shall deliver to each Limited Partner an annual report containing financial statements of the
Partnership, or of the General Partner if such statements are prepared solely on a consolidated basis with the General Partner, for such fiscal year, presented in accordance with generally accepted accounting principles. The annual financial
statements shall be audited by accountants selected by the General Partner. The reports required to be delivered hereunder shall be delivered by regular U.S. mail or any other means reasonably likely to result in each Limited Partner receiving such
reports, as 

 
determined by the General Partner in its sole discretion; provided that, notwithstanding the foregoing, to the extent the General Partner or the Partnership
is subject to periodic reporting requirements under the Securities Exchange Act of 1934, as amended, and files the quarterly and annual reports required thereunder within the time periods provided for the filing of such reports, including any
permitted extensions, the General Partner shall be deemed to have complied with the foregoing requirements of this Section 10.6(a) without taking any further actions to deliver the reports referenced herein.” 
 3. All other terms and conditions of the Agreement, as amended, shall be unchanged and remain in full force and effect. 
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 IN WITNESS WHEREOF, the General Partner executed this Amendment as of the day and year first above
written. 
  

			
	GENERAL PARTNER:
	
	DCT INDUSTRIAL TRUST INC.
		
	By:	 	 /s/ Philip L. Hawkins

		 	Philip L. Hawkins
		 	Chief Executive OfficerThird Amendment to Employment Agreement, Thomas G. Wattles

 Exhibit 10.25 
 THIRD AMENDMENT TO EMPLOYMENT AGREEMENT 
 This Third Amendment to Employment Agreement (this
“Amendment”), effective as of December 19, 2008, is made by and between DCT Industrial Trust Inc. (f/k/a Dividend Capital Trust Inc.), a Maryland corporation (the “Company”), and Thomas G. Wattles (the
“Executive”). 
 WHEREAS, the Company and the Executive entered into that certain Employment Agreement dated as of July 21,
2006, as previously amended (the “Employment Agreement”); and 
 WHEREAS, pursuant to Section 7.6 of the Employment Agreement,
the Company and the Executive desire to amend certain terms of the Employment Agreement as set forth in this Amendment. 
 NOW, THEREFORE, in
consideration of the premises and mutual covenants contained herein and for other good and valuable consideration, the receipt of which is mutually acknowledged, the Company and the Executive agree as follows: 
 1. The Employment Agreement is hereby amended by adding the following as Section 3.7: 
 “3.7. Timing of Expense Reimbursement. All in-kind benefits provided and expenses eligible for reimbursement under this Agreement must be
provided by the Company or incurred by the Executive during the time periods set forth in the Agreement. All reimbursements shall be paid as soon as administratively practicable, but in no event shall any reimbursement be paid after the last day of
the taxable year following the taxable year in which the expense was incurred. The amount of in-kind benefits provided or reimbursable expenses incurred in one taxable year shall not affect the in-kind benefits to be provided or the expenses
eligible for reimbursement in any other taxable year. Such right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.” 
 2. Section 5.2(b) of the Employment Agreement is hereby amended and restated in its entirety as follows: 
 “(b) The Company may terminate the Executive’s employment at any time for any reason or no reason upon notice to the Executive, and the Executive may terminate the Executive’s employment with the Company for Good Reason upon
notice to the Company. If the Company terminates the Executive’s employment and the termination is not covered by Section 4 or 5.1, or the Executive terminates his employment for Good Reason, (i) the Company shall pay to the Executive
Annual Salary, bonus and other benefits earned and accrued under this Agreement prior to the termination of employment (and reimbursement under this Agreement for expenses incurred prior to the termination of employment); (ii) if (and only if)
the Executive provides a general release in a form reasonably acceptable to the Company, which does not require the release of any payment rights under this Section 5.2(b) or under Section 3.6, within thirty (30) days following such
termination and such release becomes irrevocable at the earliest possible time under applicable law following such execution and delivery (the date on which such release becomes irrevocable being referred to herein as the “Release Date”),
the Company shall pay or provide to the Executive (A) a cash payment equal to 100% of the Executive’s Annual Salary (as in effect immediately before such termination), (B) a cash payment equal to 100% of the target bonus (if any) for
the year of termination, (C) a cash payment equal to (I) the target bonus for the year of termination multiplied by (II) a fraction (x) the numerator of which is the number of days in the year up to the termination and (y) the
denominator of which is 365, and (D) for a period of six months after termination of employment such continuing coverage under the group health plans the Executive would have received under this Agreement (and at such costs to the Executive) as
would have applied in the absence of such termination (but not taking into account any post-termination increases in Annual Salary that may otherwise have occurred without regard to such termination and that may have favorably affected such
benefits); (iii) the Executive shall be entitled to 

 
elimination of any vesting conditions on any grant under the LTIP or any other grant of restricted stock, stock options or other equity awards, if
applicable; (iv) Section 3.6 shall apply in accordance with its terms; and (v) the Executive shall have no further rights to any other compensation or benefits hereunder on or after the termination of employment, or any other rights
hereunder. The payments under clause (i) of the second sentence of this Section 5.2(b) shall be made in a single lump sum within 30 days after termination. The payments to be made under clause (ii) of the second sentence of this
Section 5.2(b) shall be made within forty-five (45) days after termination.” 
 3. Section 5.4 of the Employment
Agreement is hereby amended and restated in its entirety as follows: 
 “5.4 Section 409A. 
 (a) Anything in this Agreement to the contrary notwithstanding, if at the time of the Executive’s separation from service within the meaning of
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), the Company determines that the Executive is a “specified employee” within the meaning of Section 409A(a)(2)(B)(i) of the Code, then to the
extent any payment or benefit that the Executive becomes entitled to under this Agreement on account of the Executive’s separation from service would be considered deferred compensation subject to the 20 percent additional tax imposed pursuant
to Section 409A(a) of the Code as a result of the application of Section 409A(a)(2)(B)(i) of the Code, such payment shall not be payable and such benefit shall not be provided until the date that is the earlier of (A) six months and
one day after the Executive’s separation from service, or (B) the Executive’s death. If any such delayed cash payment is otherwise payable on an installment basis, the first payment shall include a catch-up payment covering amounts
that would otherwise have been paid during the six-month period but for the application of this provision, and the balance of the installments shall be payable in accordance with their original schedule. Any payments delayed pursuant to this
Section 5.4(a) shall bear interest during the period of such delay at a rate of interest equal to the short-term applicable federal rate for annually compounding obligations for purposes of Section 1274(d) of the Code, or any successor
provision, for the month in which such payment otherwise would have been paid. 
 (b) The parties intend that this Agreement will be
administered in accordance with Section 409A of the Code. To the extent that any provision of this Agreement is ambiguous as to its compliance with Section 409A of the Code, the provision shall be read in such a manner so that all payments
hereunder comply with Section 409A of the Code. The parties agree that this Agreement may be amended, as reasonably requested by either party, and as may be necessary to fully comply with Section 409A of the Code and all related rules and
regulations in order to preserve the payments and benefits provided hereunder without additional cost to either party. 
 (c) The
determination of whether and when a separation from service has occurred shall be made in accordance with the presumptions set forth in Treasury Regulation Section 1.409A-1(h). 
 (d) The Company makes no representation or warranty and shall have no liability to the Executive or any other person if any provisions of this Agreement
are determined to constitute deferred compensation subject to Section 409A of the Code but do not satisfy an exemption from, or the conditions of, such Section.” 
 4. Except as expressly amended hereby, the Employment Agreement continues in full force and effect in accordance with its terms. The Employment
Agreement, together with any Exhibits thereto and this Amendment, constitutes the entire understanding and agreement of the parties hereto regarding the employment of the Executive. 
  

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 5. This Amendment shall be governed and construed in accordance with the laws of the State of Colorado,
without regard to any principles of conflicts of laws which could cause the application of the laws of any jurisdiction other than the State of Colorado. 
 6. This Amendment may be executed by the parties hereto in separate counterparts, each of which when so executed and delivered shall be an original but all such counterparts together shall constitute one and the same
instrument. Each counterpart may consist of two copies hereof each signed by one of the parties hereto. 
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left blank] 
  

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

  

			
	 COMPANY:

	
	DCT INDUSTRIAL TRUST INC.
		
	By:	 	 /s/ Philip L. Hawkins

	Name:	 	Philip L. Hawkins
	Title:	 	Chief Executive Officer
	
	 EXECUTIVE:

	
	 /s/ Thomas G. Wattles

	Thomas G. Wattles

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