Document:

Exhibit 4.6

EXHIBIT 4.6

First Amendment, Consent and Waiver

First Potomac Realty Investment Limited Partnership

First Amendment, Consent and Waiver

Dated as of November 5, 2010

to

Note Purchase Agreement

Dated as of June 22, 2006

Re: $37,500,000 6.41% Senior Notes, Series A, due June 15, 2013

 $37,500,000 6.55% Senior Notes, Series B, due June 15, 2016

 

 

 

First Amendment, Consent and Waiver to Note Purchase Agreement

This First Amendment, Consent and Waiver dated as of November 5, 2010 (the or this
“First Amendment”) to the Note Purchase Agreement dated as of June 22, 2006 (the “Note
Purchase Agreement”) is between First Potomac Realty Investment Limited Partnership, a
Delaware limited partnership (the “Company”) and First Potomac Realty Trust, a
Maryland real estate investment trust (the “Trust”, the Trust and the Company being herein
sometimes collectively referred to as the “Obligors”), and each of the institutions which
is a signatory to this First Amendment (collectively, the “Noteholders”).

Recitals:

A. The Obligors and each of the purchasers signatory to the Note Purchase Agreement have
heretofore entered into the Note Purchase Agreement. The Company has heretofore issued the
$37,500,000 6.41% Senior Notes, Series A, due June 15, 2013 and the $37,500,000 6.55% Senior Notes,
Series B, due June 15, 2016 (collectively, the “Notes”) pursuant to the Note Purchase
Agreement.

B. Concurrently with the execution of the Note Purchase Agreement, certain wholly owned
Subsidiaries of the Obligors entered into that certain Guaranty Agreement, dated as of June 22,
2006, for the benefit of the holders of the Notes, pursuant to which such Subsidiaries (the
“Subsidiary Guarantors”) guaranteed the Company’s obligations under the Notes and the Note
Purchase Agreement (the “Subsidiary Guaranty”).

C. The Obligors and the Noteholders who have executed this First Amendment (such Noteholders
representing at least 51% in principal amount of the Notes currently outstanding) now desire to
amend and/or waive certain provisions of the Note Purchase Agreement upon a majority of the
Noteholders’ acceptance in the space below and upon the satisfaction in full of each of the
following conditions set forth in Section 2.1 hereto (the “Effective Date”) in the
respects, but only in the respects, hereinafter set forth.

D. The Obligors and the Noteholders acknowledge that, in accordance with Section 17.2 of the
Note Purchase Agreement, the Obligors must provide each Noteholder with sufficient information, 45
days in advance of the date a decision is required (the “Solicitation Period”), to enable
such Noteholder to make an informed and considered decision with respect to any proposed amendment,
waiver or consent in respect of any of the provisions of the Note Purchase Agreement or the Notes.

E. Notwithstanding the 45-day Solicitation Period required by Section 17.2 of the Note
Purchase Agreement, the Obligors and the Noteholders now desire to waive the Solicitation Period.

F. Capitalized terms used herein shall have the respective meanings ascribed thereto in the
Note Purchase Agreement unless herein defined or the context shall otherwise require.

 

 

 

G. All requirements of law have been fully complied with and all other acts and things
necessary to make this First Amendment a valid, legal and binding instrument according to its terms
for the purposes herein expressed have been done or performed.

Now, therefore, upon the full and complete satisfaction of the conditions precedent
to the effectiveness of the First Amendment set forth in Section 2.1 hereof, and in consideration
of good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, the
Obligors and the Noteholders do hereby agree as follows:

Section 1. Amendments.

Section 1.1. Section 9.7 of the Note Purchase Agreement shall be amended as follows:

The phrase “, other than Excluded Subsidiaries,” shall be inserted into the first sentence of
Section 9.7 between the words “Subsidiaries” and “which”.

A new paragraph shall be added to Section 9.7 below current subparagraph (iv) and shall read
as follows:

“In the event that at any time the Company or any Subsidiary provides a Lien to or for the
benefit of the lenders under the Revolving Credit Agreement or the administrative agent on their
behalf, then the Company will, and will cause each of its Subsidiaries that has provided any such
Lien to, concurrently grant to and for the benefit of the holders of the Notes a similar first
priority Lien (ranking pari passu with the Lien provided to or for the benefit of the lenders
and/or the administrative agent, as the case may be, under such Revolving Credit Agreement), over
the same assets, property and undertaking of the Company and the Subsidiary as those encumbered in
respect of the Revolving Credit Agreement, in form and substance reasonably satisfactory to the
Required Holders with such security to be the subject of an intercreditor agreement among the
lenders and/or the administrative agent, as the case may be, under the Revolving Credit Agreement
or the administrative agent on their behalf, as the case may be, and the holders of Notes, which
shall be reasonably satisfactory in form and substance to the Required Holders.”

Section 1.2 A new Section 10.9 shall be added to the Note Purchase Agreement and shall read as
follows:

“Section 10.9 Consolidated Debt Yield. As at the end of any fiscal quarter (i) for the fiscal
quarter ending December 31, 2010 through the fiscal quarter ending September 30, 2011, the
Consolidated Debt Yield (as defined in the Revolving Credit Agreement as of the date hereof,
including relevant defined terms therein as of the date hereof) shall not be less than ten and one
half of one percent (10.5%), and (ii) for each fiscal quarter ending on or after December 31, 2011,
the Consolidated Debt Yield (as defined in the Revolving Credit Agreement as of the date hereof,
including relevant defined terms therein as of the date hereof) shall not be less than eleven
percent (11%).”

 

2

 

Section 1.3 A new Section 10.10 shall be added to the Note Purchase Agreement and shall read
as follows:

“Section 10.10 Unencumbered Pool Interest Coverage Ratio. As of the end of any fiscal quarter,
the ratio of (i) Adjusted Net Operating Income (as defined in the Revolving Credit Agreement as of
the date hereof, including relevant defined terms therein as of the date hereof) for the applicable
quarter, annualized; divided by (ii) the Unsecured Interest Expense (as defined in the Revolving
Credit Agreement as of the date hereof, including relevant defined terms therein as of the date
hereof) for the applicable quarter, annualized, shall not be less than 1.75 to 1.0.”

Section 1.4 Section 11(c) of the Note Purchase Agreement shall be amended and restated in its
entirety to read as follows:

“(c) the Obligors default in the performance of or compliance with any term contained in
Section 7.1(d), Sections 10.1 through 10.5 or Sections 10.9 or 10.10 and any such default is not
remedied within 10 days after the occurrence of such default; or”

Section 1.4

Defined Terms. The “Defined Terms” section of the Note Purchase Agreement shall be amended as
follows:

1. The definition of “Subsidiary Guarantor” shall be deleted in its entirety and replaced with
the following definition: “Subsidiary Guarantor” is defined in Section 2.3(a) and shall include
any Subsidiary Guarantor which is required to comply with the requirements of Section 9.7, provided
however, that the definition of Subsidiary Guarantor shall not include any Excluded Subsidiary.

2. A new definition of “Excluded Subsidiary” shall be added to read as follows: “Excluded
Subsidiary” means ACP East, LLC, ACP East Finance, LLC, AP Indian Creek, LLC, FP 500 First Street,
LLC and Indian Creek Investors, LLC; provided, however, that if any such Excluded Subsidiary ceases
to be prohibited by its organizational documents or loan documents or other related financing
documents, each as in effect on the date hereof and without extension, replacement, modification or
renewal thereof, from guaranteeing other indebtedness, then such Excluded Subsidiary shall cease to
be an Excluded Subsidiary and the Obligors shall within 30 days thereafter cause such Subsidiary to
execute and deliver to each holder of Notes a Subsidiary Guaranty.

 

3

 

Section 2. Agreements.

Section 2.1. This First Amendment shall become effective and binding upon the Company and the
holders of the Notes on the Effective Date upon the satisfaction in full of each of the following
conditions:

(a) The Obligors shall cause the following Subsidiaries, which currently are guarantors of the
Company’s other unsecured Senior Indebtedness but not guarantors of the Company’s obligations under
the Note Purchase Agreement and the Notes, to become Subsidiary Guarantors
and to deliver to the holders of the Notes the documents and other evidence required by Section
9.7(i) through (iv):

FP Airpark AB, LLC

FP Chesterfield ABEF, LLC

FP Chesterfield CDGH, LLC

FP Gateway Center, LLC

FP Hanover AB, LLC

FP Hanover C, LLC

FP Hanover D, LLC

Glen Dale Business Center, LLC

Interstate Plaza Holding LLC

Interstate Plaza Operating LLC

Norfolk Commerce Park LLC

(b) The Obligors shall provide evidence, reasonably satisfactory to the Noteholders, of a name
change of FP Sterling Park II, LLC (one of the existing Subsidiary Guarantors) to FP Sterling Park
6, LLC.

(c) Each holder of a Note shall have received this First Amendment, duly executed by the
Company and the Trust.

(d) The holders of at least 51% in principal amount of the Notes outstanding shall have
consented to this First Amendment as evidenced by their execution thereof.

(e) The representations and warranties of the Company set forth in Section 2.2 hereof shall
be true and correct as of the date of the execution and delivery of this First Amendment.

(f) Each holder of a Note shall have received such certificates of officers of the Company
and the Trust as it may reasonably request with respect to this First Amendment and the
transactions contemplated hereby.

(g) In consideration of the agreement of the Noteholders to waive the existing default under
the Note Purchase Agreement as set forth in Section 2.3 hereof and to consent to amend the Note
Purchase Agreement as set forth herein, the Company hereby agrees to pay to each holder of a Note a
consent fee in the amount of $0.50 per $1,000 principal amount of notes held by such holder of a
Note (for an aggregate consent fee payable to all holders of the Notes in an amount equal to
$37,500).

(h) The Company shall have paid the fees and disbursements of the holders’ special counsel,
Chapman and Cutler LLP which fees and disbursements are reflected in the statement of such special
counsel delivered to the Company at the time of the execution and delivery of this First Amendment.

 

4

 

Section 2.2. The Obligors hereby jointly and severally represent and warrant that as of the
date hereof and as of the date of execution and delivery of this First Amendment:

(a) This First Amendment and the transactions contemplated hereby are within the legal powers
of the Obligors, have been duly authorized by all necessary legal action on the part of the
Obligors, and this First Amendment has been duly executed and delivered by the Obligors and
constitutes a legal, valid and binding obligation of the Obligors enforceable against them in
accordance with its terms.

(b) After giving effect to this First Amendment, no Defaults or Events of Default under the
Note Purchase Agreement shall exist and be continuing.

(c) The execution, delivery and performance of this First Amendment by the Company does not
and will not result in a violation of or default under (i) the limited partnership agreement of the
Company, (ii) the declaration of trust or bylaws of the Trust, (iii) any agreement to which the
Company is a party or by which it is bound or to which any of its properties is subject, (iv) any
order, writ, injunction or decree binding on the Company, or (v) any statute, regulation, rule or
other law applicable to the Company, except, in the case of (iii) through (v) above, for any
violations or defaults that would not reasonably be expected to result in a Material Adverse
Effect.

(d) No consent, approval or authorization of, or registration, filing or declaration with,
any governmental authority is required in connection with the execution, delivery or performance by
the Obligors of this First Amendment, except where the failure to obtain such consents, approvals
or authorizations, or to make such filings or declarations, would not reasonably be expected to
result in a Material Adverse Effect.

(e) Schedule A attached to this First Amendment lists properties owned by the Company which
are encumbered by mortgages, together with the related income, asset values, maturity dates of the
mortgages, dates of assumption and status as an Excluded Subsidiary, and such Schedule A is true
and correct in all material respects.

(f) After giving effect to this First Amendment and the terms of Section 2.1, each Subsidiary
which owns an Eligible Unencumbered Property or is an obligor, borrower or guarantor of
Indebtedness (other than Excluded Subsidiaries) will have delivered a Subsidiary Guaranty.

Section 2.3. Upon and by virtue of this First Amendment becoming effective as herein
contemplated, (i) the Default or Event of Default occurring solely as a result of the Obligors’
failure to cause certain of their respective Subsidiaries to become Subsidiary Guarantors in
accordance with Section 9.7 of the Note Purchase Agreement, at all times prior to and including the
Effective Date, shall be deemed to have been waived by the Noteholders, (ii) the Default or Event
of Default occurring solely as a result of the Obligors’ failure to disclose, in accordance with
Section 7.2(b) of the Note Purchase Agreement, the Company’s failure to comply with the provisions
of Section 9.7 of the Note Purchase Agreement, at all times prior to and including the Effective
Date, shall be deemed to have been waived by the Noteholders, and (iii) the Noteholders agree to
waive, in connection with the Obligors’ seeking of this First Amendment, the 45-day Solicitation
Period set forth in Section 17.2 of the Note Purchase Agreement. The Obligors understand and agree
that the waivers contained in this Section 2.3 pertain only to the Defaults and Events of Default
herein described in clauses (i) and (ii) of this Section 2.3 and to the extent so described and not
to any other Default or Event of Default which may exist under, or any other matters arising in
connection with, the Note Purchase Agreement or to any rights which the Noteholders have arising by
virtue of any such other actions or matters.

 

5

 

Section 2.4. [REMOVED]

Section 2.5. This First Amendment shall be construed in connection with and as part of the
Note Purchase Agreement, and except as modified and expressly amended by this First Amendment, all
terms, conditions and covenants contained in the Note Purchase Agreement and the Notes are hereby
ratified and shall be and remain in full force and effect.

Section 2.6. Any and all notices, requests, certificates and other instruments executed and
delivered after the execution and delivery of this First Amendment may refer to the Note Purchase
Agreement without making specific reference to this First Amendment but nevertheless all such
references shall include this First Amendment unless the context otherwise requires.

Section 2.7. The descriptive headings of the various Sections or parts of this First Amendment
are for convenience only and shall not affect the meaning or construction of any of the provisions
hereof.

Section 2.8. This First Amendment shall be governed by and construed in accordance with the
law of the State of New York.

Section 2.9. The execution hereof by you shall constitute a contract between us for the uses
and purposes hereinabove set forth, and this First Amendment may be executed in any number of
counterparts, each executed counterpart constituting an original, but all together only one
agreement.

[Signature page follows]

 

6

 

IN WITNESS WHEREOF, we have hereunto set our hands as of the date first set forth above.

	 	 	 	 	 	 
	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 
	 	 	 	 
	 	By:

	 	First Potomac Realty Trust	 	 
	 	 

	 	Its sole general partner	 	 
	 	 
	 	 	 	 
	 	By:

	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 	 

	 	Title: Executive Vice President and Chief Financial Officer	 	 
	 	 
	 	 	 	 
	 	First Potomac Realty Trust	 	 
	 	 
	 	 	 	 
	 	By:

	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 	 

	 	Title: Executive Vice President and Chief Financial Officer	 	 

 

7

 

	 	 	 	 	 	 	 
	 	 	1400 CAVALIER, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

	 	 
	 

	 	 
	 	Name:  Barry H. Bass	 	 
	 

	 	 
	 	Title:   Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	1441 CROSSWAYS BLVD., LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	FP ASHBURN, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

8

 

	 	 	 	 	 	 	 
	 	 	AIRPARK PLACE, LLC	 	 
	 
	 

	 	By:
	 	Airpark Place Holdings LLC	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	FP AMMENDALE COMMERCE CENTER, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	AQUIA TWO, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

9

 

	 	 	 	 	 	 	 
	 	 	CROSSWAYS II LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	FPR HOLDINGS LIMITED PARTNERSHIP	 	 
	 
	 

	 	By:
	 	FPR General Partner, LLC	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	FP DAVIS DRIVE LOT 5, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

10

 

	 	 	 	 	 	 	 
	 	 	FP PROPERTIES, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	FP PROPERTIES II, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	FP DIAMOND HILL, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

	 	 
	 

	 	 	 	Name: Barry H. Bass	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

11

 

	 	 	 	 	 	 	 
	 	 	FP CAMPOSTELLA ROAD, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

	 	 
	 

	 	 
	 	Name: Barry H. Bass	 	 
	 

	 	 
	 	Title:   Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	GATEWAY HAMPTON ROADS, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	FP GATEWAY 270, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

	 	 
	 

	 	 
	 	Name: Barry H. Bass	 	 
	 

	 	 
	 	Title:   Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

12

 

	 	 	 	 	 	 	 
	 	 	GATEWAY MANASSAS II, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	FP 2550 ELLSMERE AVENUE, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	FP GATEWAY WEST II, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 	 	Title: Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

13

 

	 	 	 	 	 	 	 
	 	 	FP GOLDENROD LANE, LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

	 	 
	 

	 	 	 	Name: Barry H. Bass	 	 
	 

	 	 	 	Title:   Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 
	 	 	GTC I SECOND LLC	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 
	 	Title:   Executive Vice President and Chief Financial Officer	 	 

	 	 	 	 	 	 	 
	 	 	FP HANOVER AB, LLC	 	 
	 
	 

	 	By:
	 	FPR Holdings Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	FPR General Partner, LLC	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 

	 	By:
	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member	 	 
	 
	 

	 	By:
	 	First Potomac Realty Trust	 	 
	 

	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Barry H. Bass
 

Name: Barry H. Bass
	 	 
	 

	 	 
	 	Title:   Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

14

 

	 	 	 	 	 	 	 	 	 
	 	 	HERNDON CORPORATE CENTER, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 

	 	 	 	Its Sole Member
	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	By:
	 	First Potomac Realty Trust
	 	 
	 

	 	 	 	Its General Partner
	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	LINDEN II, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	LUCAS WAY HAMPTON, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

15

 

	 	 	 	 	 	 	 	 	 
	 	 	FP PARK CENTRAL V, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	FP PATRICK CENTER, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	FP PINE GLEN, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

16

 

	 	 	 	 	 	 	 	 	 
	 	 	RESTON BUSINESS CAMPUS, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	FP RIVERS BEND, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	FP 500 & 600 HP WAY, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

17

 

	 	 	 	 	 	 	 	 	 
	 	 	FP 1408 STEPHANIE WAY, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and 

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	FP STERLING PARK I, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and 

Chief Financial Officer	 	 

(Signatures continued on next page)

 

18

 

	 	 	 	 	 	 	 	 	 
	 	 	FP STERLING PARK 6, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	FP STERLING PARK 7, LLC	 	 
	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and 

Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	FP STERLING PARK LAND, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	VIRGINIA CENTER, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and 

Chief Financial Officer	 	 

(Signatures continued on next page)

 

19

 

	 	 	 	 	 	 	 	 	 
	 	 	FP WEST PARK, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	FP CRONRIDGE DRIVE, LLC	 	 
	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	FP GIRARD BUSINESS CENTER, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

20

 

	 	 	 	 	 	 	 	 	 
	 	 	FP GIRARD PLACE, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	TECHCOURT, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	FP PARK CENTRAL I, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

21

 

	 	 	 	 	 	 	 	 	 
	 	 	FP TRIANGLE, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	15395 JOHN MARSHALL HIGHWAY, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	WINDSOR AT BATTLEFIELD, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

22

 

	 	 	 	 	 	 	 	 	 
	 	 	FP NORTHRIDGE, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	FP 1408 STEPHANIE WAY, LLC	 	 
	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	FP GOLDENROD LANE LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

23

 

	 	 	 	 	 	 	 	 	 
	 	 	FP GREENBRIER CIRCLE, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	FP PARK CENTRAL II, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	4212 TECHCOURT, LLC	 	 
	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 

(Signatures continued on next page)

 

24

 

	 	 	 	 	 	 	 	 	 
	 	 	FP 3 FLINT HILL, LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Investment Limited Partnership	 	 
	 	 	 	 	Its Sole Member	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	First Potomac Realty Trust	 	 
	 	 	 	 	Its General Partner	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	/s/ Barry H. Bass	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	Name:
	 	Barry H. Bass	 	 
	 

	 	 	 	Title:
	 	Executive Vice President and Chief Financial Officer	 	 

 

25

 

Accepted and Agreed to:

	 	 	 	 	 
	 	Farm Bureau Life Insurance Company

Equitrust Life Insurance Company

 	 
	 	By:  	/s/ Herman L. Riva	 
	 	 	Name:   	Herman L. Riva	 
	 	 	Title: 	Securities Vice President	 

 

26

 

	 	 	 	 	 

Accepted and Agreed to:

	 	 	 	 	 
	 	Ohio National Life Assurance Corporation

 	 
	 	By:  	/s/ Jed R. Martin	 
	 	 	Name:  	Jed R. Martin	 
	 	 	Title:  	Vice President Private Placement	 

 

27

 

Accepted and Agreed to:

	 	 	 	 	 
	 	Pacific Life Insurance Company

(Nominee: Mac & Co)

 	 
	 	By:  	/s/ T. Anthony Premer	 
	 	 	Name:  	T. Anthony Premer	 
	 	 	Title:  	Vice President, R E Finance	 
	 	 	 
	 	By:  	                 /s/ Jennifer L. Portnoff
 	 
	 	 	Name:  	Jennifer L. Portnoff	 
	 	 	Title:  	Assistant Secretary	 

 

28

 

Accepted and Agreed to:

	 	 	 	 	 
	 	Minnesota Life Insurance Company

By: Advantus Capital Management, Inc.

 	 
	 	By:  	/s/ James F. Geiger	 
	 	 	Name:  	James F. Geiger	 
	 	 	Title:  	Vice President	 

 

29

 

Accepted and Agreed to:

	 	 	 	 	 
	 	MTL Insurance Company

By: Advantus Capital Management, Inc.

 	 
	 	By:  	/s/ James F. Geiger	 
	 	 	Name:  	James F. Geiger	 
	 	 	Title:  	Vice President	 

 

30

 

Accepted and Agreed to:

	 	 	 	 	 
	 	Security National Life Insurance Company

By: Advantus Capital Management, Inc.

 	 
	 	By:  	/s/ James F. Geiger	 
	 	 	Name:  	James F. Geiger	 
	 	 	Title:  	Vice President	 

 

31

 

Accepted and Agreed to:

	 	 	 	 	 
	 	United Insurance Company of America

By: Advantus Capital Management, Inc.

 	 
	 	By:  	/s/ James F. Geiger	 
	 	 	Name:  	James F. Geiger	 
	 	 	Title:  	Vice President	 

 

32

 

Accepted and Agreed to:

	 	 	 	 	 
	 	Blue Cross and Blue Shield of Florida, Inc.

By: Advantus Capital Management, Inc.

 	 
	 	By:  	/s/ James F. Geiger	 
	 	 	Name:  	James F. Geiger	 
	 	 	Title:  	Vice President	 

 

33

 

Accepted and Agreed to:

	 	 	 	 	 
	 	The Catholic Aid Association

By: Advantus Capital Management, Inc.

 	 
	 	By:  	/s/ James F. Geiger	 
	 	 	Name:  	James F. Geiger	 
	 	 	Title:  	Vice President	 

 

34

 

Accepted and Agreed to:

	 	 	 	 	 
	 	Farm Bureau Life Insurance Company of Michigan

By: Advantus Capital Management, Inc.

 	 
	 	By:  	/s/ James F. Geiger	 
	 	 	Name:  	James F. Geiger	 
	 	 	Title:  	Vice President	 

 

35

 

Accepted and Agreed to:

	 	 	 	 	 
	 	Fort Dearborn Life Insurance Company

By: Advantus Capital Management, Inc.

 	 
	 	By:  	/s/ James F. Geiger	 
	 	 	Name:  	James F. Geiger	 
	 	 	Title:  	Vice President	 

 

36

 

Accepted and Agreed to:

	 	 	 	 	 
	 	United Life Insurance Company

 	 
	 	By:  	/s/ Chad A. Giether	 
	 	 	Name:  	Chad A. Giether	 
	 	 	Title:  	Portfolio Manager	 

 

37

 

Accepted and Agreed to:

	 	 	 	 	 
	 	Thrivent Financial For Lutherans

 	 
	 	By:  	/s/
Patricia H. Eitrheim	 
	 	 	Name:  	Patricia H. Eitrheim	 
	 	 	Title:  	Director	 

 

38Exhibit 10.19

EXHIBIT 10.19

FIRST POTOMAC REALTY INVESTMENT LIMITED PARTNERSHIP

7600 Wisconsin Avenue, 11th Floor

Bethesda, Maryland 20814

Dated as of: October 27, 2010

KeyBank National Association,

as Administrative Agent

127 Public Square

Cleveland, OH 44114

Attention: John C. Scott

	 	 	 	 
	 	Re:	 	Amendment No. 2 to Second Amended and Restated Revolving Credit Agreement

Ladies and Gentlemen:

We refer to the Second Amended and Restated Revolving Credit Agreement dated as of December
29, 2009 (as amended by Amendment No. 1 dated May 14, 2010 and as further modified by the
Commitment Increase Agreement, dated June 1, 2010, and as in effect from time to time, the
“Credit Agreement”), by and among FIRST POTOMAC REALTY INVESTMENT LIMITED PARTNERSHIP, a
Delaware limited partnership, and certain of its Wholly-owned Subsidiaries (collectively, the
“Borrowers”), KEYBANK NATIONAL ASSOCIATION and the other lending institutions which are
parties thereto (individually, a “Lender” and collectively, the “Lenders”), KEYBANK
NATIONAL ASSOCIATION, as administrative agent for itself and each other Lender (the
“Agent”) and certain other parties. Capitalized terms used in this letter of agreement
(this “Amendment”) which are not defined herein, but which are defined in the Credit
Agreement, shall have the same meanings herein as therein, as the context so requires.

We have requested the Lenders (i) to make certain amendments to the Credit Agreement,
including that the covenant relating to Restrictions on Indebtedness be amended to permit the
Borrowers to incur unsecured Indebtedness subject to certain conditions and (ii) to provide certain
consents under the Credit Agreement, including that the Borrowers be permitted to make a minority
investment, as more fully described in Annex 1 (the “950 F Street Investment”), and you
have advised us that the Lenders are prepared and would be pleased to make the amendments and
provide the consents so requested by us on the condition that we join in this Amendment.

 

 

 

Accordingly, in consideration of these premises, the promises, mutual covenants and agreements
contained in this Amendment, and fully intending to be legally bound by this Amendment, we hereby
agree as follows:

ARTICLE I

AMENDMENTS TO CREDIT AGREEMENT

Effective as of October 27, 2010 (the “Amendment Date”), and subject to the
fulfillment of the conditions contained in Article III of this Amendment, the Credit Agreement is
amended in each of the following respects:

(a) The term “Loan Documents” shall, wherever used in the Credit Agreement or any of the other
Loan Documents, be deemed to also mean and include this Amendment.

(b) Clause (iii) of the proviso contained in Section 9.1(f) of the Credit Agreement is amended
to read in its entirety as follows:

“(iii) such Indebtedness, in the aggregate, does not exceed forty percent (40%) of
Consolidated Gross Asset Value (it being acknowledged, for the avoidance of doubt, that the
outstanding Indebtedness under the 2007 Term Loan and the 2008 Term Loan shall count against the
fifteen percent (15%) basket referred to in clause (i) above)”

(c) Section 9.1 of the Credit Agreement is further amended (x) by inserting a new clause (i)
immediately following clause (h) thereof (and by deleting the word “and” at the end of clause (g)
and inserting “; and” at the end of clause (h) in place of the period) and (y) by inserting the
following sentence after such new clause (i):

“(i) unsecured Indebtedness of the Borrower (including subsidiary guarantees by any
Subsidiary of FPLP) and unsecured guarantees by the Trust with respect to such unsecured
Indebtedness, provided that (i) such Indebtedness shall at all times remain
unsecured in all respects (including, for the avoidance of doubt, that the Equity Interests
of FPLP or any other Borrower shall not be pledged as security for any such Indebtedness),
(ii) both before and immediately after giving effect to any such unsecured Indebtedness, no
Default or Event of Default has occurred or is continuing, (iii) prior to incurring any
such unsecured Indebtedness, the Borrower has provided the Agent with a certificate in the
form of Exhibit C-2 evidencing compliance with each of the financial covenants set
forth in §10 of the Credit Agreement on a pro forma basis immediately after
giving effect to such unsecured Indebtedness, and (iv) such unsecured Indebtedness shall
not be in the nature of a revolving credit facility.

For the avoidance of doubt, the 2007 Term Loan and the 2008 Term Loan are also permitted
Indebtedness under this §9.1.”

 

2

 

(d) Section 9.2(ix) of the Credit Agreement is amended by inserting the following new
parenthetical at the end thereof (before the period): “(other than the unsecured Indebtedness
permitted under clause (i) of §9.1)”.

ARTICLE II

CONSENT TO 950 F STREET INVESTMENT

As more particularly described in Annex 1 attached hereto, FPLP, through a Subsidiary, intends
to aquire a preferred equity interest in Jemal LLC (as defined in Annex 1). Jemal LLC is the sole
managing member of a special purpose limited liability company (“SPE”) that owns the office
building located at 950 F Street, NW, Washington, DC (the “F Street Office Building”). The
950 F Street Investment will be made substantially on the terms outlined by the Borrowers in Annex
1. In addition, the 950 F Street Investment will, in accordance with GAAP, be treated as
Indebtedness by the Borrowers, and accordingly, the Borrowers have requested that for purposes of
the Credit Agreement, including the financial covenants and related definitions contained therein,
the 950 F Street Investment be treated as an acquisition of Indebtedness and accounted for at its
cost basis (similar to the treatment of an acquisition of a Mortgage Note) and not be treated as an
Investment in a Partially-Owned Entity (the “Cost Basis Treatment”).

The Borrowers have requested that the Lenders consent to (i) the 950 F Street Investment for
purposes of the Credit Agreement, including Section 9.3 thereof, (ii) the Cost Basis Treatment for
the 950 F Street Investment and (iii) the use of proceeds of the Loans in order to make the 950 F
Street Investment.

The Lenders hereby consent to (x) the 950 F Street Investment, (y) the Cost Basis Treatment
for the 950 F Street Investment and (z) the use of proceeds of the Loans to make the 950 F Street
Investment, subject in each case to the following conditions: (i) at the time of the 950 F Street
Investment and after giving effect thereto (and after giving effect to this consent), no Default or
Event of Default shall have occurred or be continuing, (ii) the F Street Office Building shall at
all times be a Permitted Property, (iii) the 950 F Street Investment be made on terms substantially
consistent with the terms outlined in Annex 1, (iv) the Cost Basis Treatment for the 950 F Street
Investment is permitted under GAAP, (v) after giving effect to the Cost Basis Treatment for the
950 F Street Investment, the Borrowers are in compliance with Section 9.3(h) of the Credit
Agreement (it being agreed that, for so long as it remains outstanding, the 950 F Street Investment
shall be deemed to be a “Mortgage Note” for purposes of determining compliance with Section 9.3(h)
of the Credit Agreement), (vi) any Indebtedness to which the F Street Office Building, the SPE or
Jemal LLC is subject is and remains Without Recourse to FPLP or any of its Subsidiaries and neither
FPLP nor any of its Subsidiaries pledges any of its respective assets or properties in support of
any such Indebtedness, and (vii) FPLP delivering to the Agent, at its request, copies of each of
the agreements and
documents evidencing the 950 F Street Investment and the transactions relating thereto
(including, without limitation, operating agreements and loan documents of the SPE).

 

3

 

ARTICLE III

CONDITIONS PRECEDENT TO AMENDMENT AND CONSENT

The Lenders’ agreement herein to amend the Credit Agreement and provide the consents hereunder
as of the Amendment Date is subject to the fulfillment to the satisfaction of the Lenders of the
following conditions precedent on or prior to such date:

(a) Each of the Borrowers shall have executed and delivered (or caused to be delivered) to the
Agent a counterpart of this Amendment, which shall be in form and substance satisfactory to the
Lenders;

(b) The Guarantor shall have acknowledged and consented to the provisions of this Amendment;

(c) The Agent and the Required Lenders shall have executed this Amendment;

(d) The representations and warranties of the Borrowers set forth herein shall be true and
correct;

(e) The Borrower shall have furnished to the Agent and the Lenders a pro forma Compliance
Certificate evidencing compliance with the covenants set forth in Section 10 of the Credit
Agreement after giving effect to the 950 F Street Investment and the unsecured private placement
indebtedness currently contemplated by the Borrowers; and

(f) The Agent shall have received such other documentation and information as it may
reasonably request regarding the 950 F Street Investment, all of which shall be in form and
substance satisfactory to the Agent.

ARTICLE IV

REPRESENTATIONS AND WARRANTIES

Each of the Borrowers and the Guarantor hereby represents and warrants to you as follows:

(a) Representations and Warranties. Each of the representations and warranties made
by the Borrowers and the Guarantor, as applicable, to the Agent and the Lenders in this Amendment,
the Credit Agreement and other Loan Documents, as applicable, was true, correct and complete when
made and is true, correct and complete
on and as of the Amendment Date with the same full force and effect as if each of such
representations and warranties had been made by the Borrowers and the Guarantor on the Amendment
Date and in this Amendment, except to the extent that such representations and warranties relate
solely to a prior date. The Borrowers hereby represent and warrant that the description of the 950
F Street Investment made herein and in Annex 1 provided by the Borrowers is accurate in all
material respects as of the date hereof.

 

4

 

(b) No Defaults or Events of Default. No Default or Event of Default exists on the
Amendment Date, and no condition exists on the date hereof which would, with notice or the lapse of
time, or both, constitute a Default or an Event of Default under the Credit Agreement.

(c) Binding Effect of Documents. This Amendment has been duly authorized, executed
and delivered to you by each of the Borrowers and the Guarantor and is in full force and effect as
of the date hereof, and the agreements and obligations of each of the Borrowers and the Guarantor
contained herein and therein constitute the legal, valid and binding obligations of such Borrower
and Guarantor enforceable against such Borrower and Guarantor in accordance with their respective
terms.

(d) No Implied Waiver. Except as expressly set forth in this Amendment, this
Amendment shall not, by implication or otherwise, limit, impair, constitute a waiver of or
otherwise affect any rights or remedies of the Agent or the Lenders under the Credit Agreement or
the other Loan Documents, nor alter, modify, amend or in any way affect any of the terms,
obligations or covenants contained in the Credit Agreement or the Loan Documents, all of which
shall continue in full force and effect. Nothing in this Amendment shall be construed to imply any
willingness on the part of the Agent or the Lenders to grant any similar or future consent or
waiver of any of the terms and conditions of the Credit Agreement or the other Loan Documents.

ARTICLE V

MISCELLANEOUS

This Amendment may be executed in any number of counterparts, each of which when executed and
delivered shall be deemed an original, but all of which together shall constitute one instrument.
In making proof of this Amendment, it shall not be necessary to produce or account for more than
one counterpart thereof signed by each of the parties hereto. Except to the extent specifically
amended and supplemented hereby, all of the terms, conditions and the provisions of the Credit
Agreement and each of the other Loan Documents shall otherwise remain unmodified, and the Credit
Agreement and each of the other Loan Documents, as amended and supplemented by this Amendment, are
confirmed as being in full force and effect, and each of the Borrowers and the Guarantor hereby
ratifies and confirms all of its agreements and obligations contained therein, as applicable.

 

5

 

If you are in agreement with the foregoing, please sign the form of acceptance on the enclosed
counterpart of this Amendment, whereupon this Amendment, as so accepted by you, shall become a
binding agreement between you and the undersigned.

	 	 	 	 	 
	 	Very truly yours,

FIRST POTOMAC REALTY INVESTMENT LIMITED PARTNERSHIP

 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 
	 	By:  	/s/ Barry H.  Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

6

 

	 	 	 	 	 
	 	1400 CAVALIER, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 

	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial
Officer 	 
	 
	 	1441 CROSSWAYS BLVD., LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial
Officer 	 
	 
	 	FP ASHBURN, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

7

 

	 	 	 	 	 
	 	AIRPARK PLACE, LLC

 	 
	 	By:  	Airpark Place Holdings LLC
 	 
	 	 	Its Sole Member 	 
	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial
Officer 	 
	 
	 	FP AMMENDALE COMMERCE CENTER, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial
Officer 	 
	 
	 	AQUIA TWO, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial
Officer 	 

(Signatures continued on next page)

 

8

 

	 	 	 	 	 
	 	CROSSWAYS II LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial
Officer 	 
	 
	 	FPR HOLDINGS LIMITED PARTNERSHIP

 	 
	 	By:  	FPR General Partner, LLC
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial
Officer 	 
	 
	 	FP DAVIS DRIVE LOT 5, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

9

 

	 	 	 	 	 
	 	FP PROPERTIES, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP PROPERTIES II, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP DIAMOND HILL, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

10

 

	 	 	 	 	 
	 	FP CAMPOSTELLA ROAD, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	GATEWAY HAMPTON ROADS, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP GATEWAY 270, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

11

 

	 	 	 	 	 
	 	GATEWAY MANASSAS II, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP 2550 ELLSMERE AVENUE, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP GATEWAY WEST II, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

12

 

	 	 	 	 	 
	 	FP GOLDENROD LANE, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP GREENBRIER CIRCLE, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	GTC I SECOND LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

13

 

	 	 	 	 	 
	 	FP HANOVER AB, LLC

 	 
	 	By:  	FPR Holdings Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	FPR General Partner, LLC
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	HERNDON CORPORATE CENTER, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	LINDEN II, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

14

 

	 	 	 	 	 
	 	LUCAS WAY HAMPTON, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP PARK CENTRAL V, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP PATRICK CENTER, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

15

 

	 	 	 	 	 
	 	FP PINE GLEN, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	RESTON BUSINESS CAMPUS, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP RIVERS BEND, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

16

 

	 	 	 	 	 
	 	FP 500 & 600 HP WAY, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP 1408 STEPHANIE WAY, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP STERLING PARK I, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

17

 

	 	 	 	 	 
	 	FP STERLING PARK 6, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP STERLING PARK 7, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

 

18

 

	 	 	 	 	 
	 	FP STERLING PARK LAND, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	VIRGINIA CENTER, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP WEST PARK, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

19

 

	 	 	 	 	 
	 	FP CRONRIDGE DRIVE, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP GIRARD BUSINESS CENTER, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP GIRARD PLACE, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

20

 

	 	 	 	 	 
	 	TECHCOURT, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP PARK CENTRAL I, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 
	 
	 	FP TRIANGLE, LLC

 	 
	 	By:  	First Potomac Realty Investment Limited Partnership
 	 
	 	 	Its Sole Member 	 
	 	 	 
	 	By:  	First Potomac Realty Trust
 	 
	 	 	Its General Partner 	 
	 	 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Name:  	Barry H. Bass 	 
	 	 	Title:  	Executive Vice President and Chief Financial Officer 	 

(Signatures continued on next page)

 

21

 

[Consent to Amendment No. 2 to Second Amended and Restated Revolving Credit

Agreement]

CONSENT OF GUARANTOR

FIRST POTOMAC REALTY TRUST (the “Guarantor”) has guaranteed the Obligations (as
defined in the Guaranty by the Guarantor in favor of the Lenders and the Agent, dated as of
December 29, 2009 (the “Guaranty”). By executing this consent, the Guarantor hereby
absolutely and unconditionally reaffirms to the Agent and the Lenders that the Guarantor’s Guaranty
remains in full force and effect. In addition, the Guarantor hereby acknowledges and agrees to the
terms and conditions of this Amendment and Consent and the Credit Agreement and the other Loan
Documents as amended and supplemented hereby (including, without limitation, the making of the
representations and warranties and the performance of the covenants applicable to it herein or
therein).

	 	 	 	 	 
	 	GUARANTOR:

FIRST POTOMAC REALTY TRUST

 	 
	 	By:  	/s/ Barry H. Bass
 	 
	 	 	Barry H. Bass, Executive Vice President and	 
	 	 	Chief Financial Officer 	 

 

22

 

ACCEPTED AND AGREED AS

OF THE 27 DAY OF

OCTOBER, 2010:

	 	 	 	 	 
	 	KEYBANK NATIONAL ASSOCIATION,

as a Lender, as Swingline Lender, and as

Administrative Agent

 	 
	 	By:  	/s/
John
C. Scott	 
	 	 	Name:  	John C. Scott 	 
	 	 	Title:  	Vice President 	 

(Signatures continue on next page)

 

23

 

	 	 	 	 	 
	 	WELLS FARGO NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ Richard J. Vanderhyde	 
	 	 	Name:  	Richard J. Vanderhyde	 
	 	 	Title:  	Vice President	 

(Signatures continue on next page)

 

24

 

	 	 	 	 	 
	 	WACHOVIA BANK NATIONAL ASSOCIATION,

as a Lender

 	 
	 	By:  	/s/ Richard J. Vanderhyde	 
	 	 	Name:  	Richard J. Vanderhyde	 
	 	 	Title:  	Vice President	 

(Signatures continue on next page)

 

25

 

	 	 	 	 	 
	 	BANK OF MONTREAL,

as a Lender

 	 
	 	By:  	/s/ Aaron Lanski	 
	 	 	Name:  	Aaron Lanski	 
	 	 	Title:  	Director	 

(Signatures continue on next page)

 

26

 

	 	 	 	 	 
	 	PNC BANK, NATIONAL ASSOCIATION

as Lender

 	 
	 	By:  	/s/ Benjamin Adams	 
	 	 	Name:  	Benjamin Adams	 
	 	 	Title:  	Vice President	 

(Signatures continue on next page)

 

27

 

	 	 	 	 	 
	 	CAPITAL ONE, N.A., 

(Sucessor by merger to Chevy Chase Bank) as a Lender

 
	 
	 	By:  	/s/ Frederick H. Denecke	 
	 	 	Name:  	Frederick H. Denecke	 
	 	 	Title:  	Vice President	 

(Signatures continue on next page)

 

28

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION

as Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

(Signatures continue on next page)

 

29

 

	 	 	 	 	 
	 	TD BANK, N.A.

as Lender

 	 
	 	By:  	/s/ Mauricio Duran	 
	 	 	Name:  	Mauricio Duran	 
	 	 	Title:  	Vice President	 

 

30

 

ANNEX 1

FPLP, through a subsidiary, is proposing to make a preferred equity investment in a single
purpose entity limited liability company owned by Douglas Jemal (the “Jemal LLC”) and
certain of his relatives and affiliates. The Jemal LLC is the sole and managing member of
an single purpose entity limited liability company (the “Property Owner LLC”) that owns an
office building located at 950 F Street, NW, Washington, DC. The amount of the proposed
investment is twenty-five million dollars ($25,000,000), and FPLP will be entitled to a
preferred return of 12.5% per annum (17.5% in the event of a default or after seven years).
The Jemal LLC must also maintain a cash reserve account in an amount equal to 6 monthly
payments of the preferred return. The preferred interest is redeemable by the Jemal LLC at
any time after the third anniversary of issuance. Prior to that time, the preferred
interest may only be redeemed upon a sale of the property with the consent of FPLP and with
the payment of a make-whole premium. The preferred interest will become redeemable at the
option of FPLP beginning in 2018. In the event that the Property Owner LLC defaults in the
payment of any preferred return or if the Property Owner LLC defaults on its mortgage loan
in the original principal amount of One Hundred Fifty Million Dollars ($150,000,000), FPLP
will have the right to cause the Jemal LLC to redeem the common equity at 80% of fair
market value, at which time FPLP will become the sole member of the Jemal LLC. FPLP as
preferred member also will have customary major decision veto rights.

 

31

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