Document:

EX. 10.1 IAA

Exhibit 10.1
INCREMENTAL ASSUMPTION AGREEMENT
INCREMENTAL ASSUMPTION AGREEMENT (this “Agreement”) dated as of October 4, 2012 relating to the Second Amended and Restated Credit Agreement dated as of March 15, 2012 (as amended, restated, supplemented, waived or otherwise modified from time to time, the “Credit Agreement”) among CHASE ACQUISITION I, INC., RBS GLOBAL, INC. (“RBS Global”), REXNORD LLC (“Rexnord” and, together with RBS Global, the “Borrowers”), the Lenders party thereto from time to time and CREDIT SUISSE AG, as Administrative Agent (in such capacity, the “Administrative Agent”).
RECITALS:
WHEREAS, the Borrowers have, by notice to the Administrative Agent dated as of September 25, 2012, delivered pursuant to Section 2.21(j) of the Credit Agreement (the “Notice”) (a copy of which notice is attached as Exhibit A hereto), requested a Refinancing Term Loan in an aggregate principal amount of $942,875,000 (the “Term B Loan Refinancing”); 
WHEREAS, the Net Proceeds of the Term B Loan Refinancing plus cash on hand will be used to repay in full the aggregate principal amount of the Term B Loans outstanding on the Term B Refinancing Effective Date (as defined below), together with accrued interest thereon, and break funding payments (if any) applicable thereto in accordance with 2.16 of the Credit Agreement (such amounts collectively, the “Term B Loan Repayment Amount”); and 
WHEREAS, the institution listed on Schedule I hereto (the “Refinancing Term Lender”) has agreed, on the terms and conditions set forth herein and in the Credit Agreement, to provide the amount of the Term B Loan Refinancing set forth opposite its name under the heading “Refinancing Term Loan Commitment” on Schedule I hereto (the “Refinancing Term Loan Commitment”)
NOW, THEREFORE, the parties hereto therefore agree as follows:
SECTION 1.    Defined Terms; References.  Capitalized terms used in this Agreement and not otherwise defined herein have the respective meanings assigned thereto in the Credit Agreement.  The rules of construction specified in Section 1.02 of the Credit Agreement also apply to this Agreement.  Each reference to “hereof”, “hereunder”, “herein” and “hereby” and each other similar reference and each reference to “this Agreement” and each other similar reference contained in the Credit Agreement shall, after this Agreement becomes effective, refer to the Credit Agreement as amended hereby.
SECTION 2.    Term B Loan Refinancing.  
(a)    Subject to the terms and conditions set forth herein, the Refinancing Term Lender agrees to make a Refinancing Term Loan to the Borrowers on the Term B Refinancing Effective Date in a principal amount not to exceed its Refinancing Term Loan Commitment.  Unless previously terminated, the Refinancing Term Loan Commitment shall terminate at 5:00 p.m., New York City time, on October 5, 2012.
(b)    With effect from the Term B Refinancing Effective Date, the Refinancing Term Lender shall be a “Term B Lender” and the Refinancing Term Loan shall be a “Term B Loan”.
SECTION 3.    Amendments to Credit Agreement.
(a)    Section 1.01 of the Credit Agreement is hereby amended by adding the following definition in appropriate alphabetical order:

“2012 Term B Refinancing Effective Date” means October 4, 2012.

“2012 Term B Incremental Assumption Agreement” means the Incremental Assumption Agreement dated as of October 4, 2012 among the Borrowers, the Lenders party thereto and the Administrative Agent.
(b)    Clause (i) of the definition of “Applicable Margin” in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
(i) with respect to any Term B Loan, 3.50% per annum in the case of any Eurocurrency Loan and 2.50% per annum in the case of any ABR Loan,
(c)    The following definitions are hereby amended and restated in their entirety to read as follows:
“Term B Loan Commitment” shall mean, with respect to each Term B Lender, the commitment of such Term B Lender to make Term B Loans hereunder as of the Term B Refinancing Effective Date.  The aggregate amount of the Term B Loan Commitments as of the Term B Refinancing Effective Date is $942,875,000.

“Term B Loan” shall mean (a) the term loans made by the Lenders to the Borrowers pursuant to Section 2.01(c) or the 2012 Term B Incremental Assumption Agreement, and (b) any Incremental Term Loans in the form of Term B Loans made by the Incremental Term Lenders to the Borrowers pursuant to Section 2.01(d).

(d)    Section 2.10 of the Credit Agreement is hereby amended by deleting the phrase “Second Restatement Effective Date” in clause (a)(i)(A) and replacing it with the phrase “Term B Refinancing Effective Date”.
(e)    Section 2.12 of the Credit Agreement is hereby amended by deleting the phrase “Second Restatement Effective Date” in clause (d) and replacing it with the phrase “Term B Refinancing Effective Date”.

SECTION 4.    Representations of the Borrowers.  The Borrowers represent and warrant that:
(a)    the representations and warranties set forth in the Loan Documents are true and correct in all material respects on and as of the Term B Refinancing Effective Date after giving effect hereto with the same effect as though made on and as of such date, except to the extent such representations and warranties expressly relate to an earlier date (in which case such representations and warranties shall be true and correct in all material respects as of such earlier date); and
(b)    no Event of Default or Default was continuing on and as of the Term B Refinancing Effective Date after giving effect hereto and to the extension of credit requested to be made on the Term B Refinancing Effective Date.
SECTION 5.    Conditions.  This Agreement shall become effective as of the first date (the “Term B Refinancing Effective Date”) when each of the following conditions shall have been satisfied:
(a)    the Administrative Agent shall have received from each Loan Party, the  Refinancing Term Lender (which, immediately following the effectiveness hereof, constitute the Required Lenders) and the Administrative Agent (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include facsimile or electronic transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this Agreement;

(b)    the representations and warranties set forth in Section 4 above shall be true and correct as of the date hereof;
(c)    the Administrative Agent shall have received a certificate, dated the Term B Refinancing Effective Date and executed by a Responsible Officer of the Borrowers, confirming the accuracy of the representations and warranties set forth in Section 4 above;
(d)    the Administrative Agent shall have received, on behalf of itself and the Refinancing Term Lender, a favorable written opinion of Paul, Weiss, Rifkind, Wharton & Garrison LLP, special counsel for the Loan Parties, (A) dated the date hereof, (B) addressed to the Administrative Agent and the Refinancing Term Lender and (C) in form and substance reasonably satisfactory to the Administrative Agent and covering such other matters relating to this Agreement as the Administrative Agent shall reasonably request;
(e)    the Administrative Agent shall have received board resolutions and other customary closing certificates and documentation consistent with those delivered on the Second Amendment Effective Date and such additional customary documents and filings as the Administrative Agent may reasonably require to assure that the Refinancing Term Loans contemplated hereby are secured by the Collateral ratably with the existing Revolving Facility Loans; 
(f)    the payment of the Term B Loan Repayment Amount by the Borrowers to the Administrative Agent for the accounts of the existing Term B Lenders shall occur simultaneously with the Borrowing of such Refinancing Term Loans; and 
(g)    any fees and expenses (including reasonable fees, charges and disbursements of Davis Polk & Wardwell LLP) owing by the Borrowers to the Administrative Agent and invoiced prior to the date hereof shall have been paid in full.
SECTION 6.    Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York.
SECTION 7.    Confirmation of Guaranties and Security Interests.  By signing this Agreement, each Loan Party hereby confirms that (i) the obligations of the Loan Parties under the Credit Agreement as modified hereby (including with respect to the Refinancing Term Loans) and the other Loan Documents (x) are entitled to the benefits of the guarantees and the security interests set forth or created in the Collateral Agreement and the other Loan Documents and (y) constitute Obligations and (ii) notwithstanding the effectiveness of the terms hereof, the Collateral Agreement and the other Loan Documents are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects.  Each Loan Party ratifies and confirms that all Liens granted, conveyed, or assigned to any Agent by such Person pursuant to each Loan Document to which it is a party remain in full force and effect, are not released or reduced, and continue to secure full payment and performance of the Obligations as increased hereby.
SECTION 8.    Counterparts.  This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
SECTION 9.    Miscellaneous.  This Agreement shall constitute a Loan Document for all purposes of the Credit Agreement.  The Borrowers shall pay all reasonable fees, costs and expenses of the Administrative Agent incurred in connection with the negotiation, preparation and execution of this Agreement and the transactions contemplated hereby.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written.
	
			
	 
	 
	AMERICAN AUTOGARD LLC

	 
	 
	CHASE ACQUISITION I, INC.

	 
	 
	ENVIRONMENTAL ENERGY COMPANY

	 
	 
	GA INDUSTRIES HOLDINGS, LLC

	 
	 
	GA INDUSTRIES, LLC

	 
	 
	HL CAPITAL CORP.

	 
	 
	KRIKLES, INC.

	 
	 
	OEI, INC.

	 
	 
	OEP, INC.

	 
	 
	PRAGER INCORPORATED

	 
	 
	PT COMPONENTS, INC.

	 
	 
	RBS ACQUISITION CORPORATION

	 
	 
	RBS CHINA HOLDINGS, L.L.C.

	 
	 
	RBS GLOBAL, INC.

	 
	 
	REXNORD INDUSTRIES, LLC

	 
	 
	REXNORD INTERNATIONAL INC.

	 
	 
	REXNORD LLC

	 
	 
	REXNORD-ZURN HOLDINGS, INC.

	 
	 
	RODNEY HUNT-FONTAINE INC.

	 
	 
	SANITARY-DASH MANUFACTURING CO., INC.

	 
	 
	THE FALK SERVICE CORPORATION

	 
	 
	ZURCO, INC.

	 
	 
	ZURN INDUSTRIES, LLC

	 
	 
	ZURN INTERNATIONAL, INC.

	 
	 
	ZURN PEX, INC.

	 
	 
	 

	 
	 
	 

	 
	 
	BY:                                                                                  

	 
	 
	Name: Patricia M. Whaley

	 
	 
	Title:  Vice President, General Counsel and Secretary of each of the above-named entities

 

[Incremental Assumption Agreement]

ADMINISTRATIVE AGENT
CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative 
Agent
	
			
	 
	 

	BY:
	 

	 
	Name:
	 

	 
	Title: 
	 

	
			
	 
	 

	BY:
	 

	 
	Name:
	 

	 
	Title: 
	 

[Incremental Assumption Agreement]

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Refinancing Term Lender
	
			
	 
	 

	BY:
	 

	 
	Name:
	 

	 
	Title: 
	 

	
			
	 
	 

	BY:
	 

	 
	Name:
	 

	 
	Title: 
	 

[Incremental Assumption Agreement]

Schedule I
REFINANCING TERM LOAN COMMITMENTS
	
				
	Refinancing Term Lender

	Refinancing Term Loan Commitment

	Credit Suisse AG, Cayman Islands Branch
	$
	942,875,000
	

	Total
	$
	942,875,000
	

EXHIBIT A
Notice Requesting Refinancing Term Loans
[SEE ATTACHED]EXHIBIT 10.1 - Credit Agreement Amendment

Exhibit 10.1

SECOND AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT

This second AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) dated as of October 9, 2012, by and among LEXINGTON REALTY TRUST, a real estate investment trust formed under the laws of the State of Maryland (the “Trust”), LEPERCQ CORPORATE INCOME FUND L.P., a limited partnership formed under the laws of the State of Delaware (“LCIF”), and LEPERCQ CORPORATE INCOME FUND II L.P., a limited partnership formed under the laws of the State of Delaware (collectively with the Trust and LCIF, the “Borrowers” and each a “Borrower”), each of the Lenders party hereto, and KEYBANK NATIONAL ASSOCIATION, as Administrative Agent (the “Agent”).

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

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

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

Section 1.  Specific Amendments to Credit Agreement.  The parties hereto agree that the Credit Agreement is amended by deleting the word “and” at the end of 9.2(f), restating Section 9.2(g) in its
entirety as follows and adding the following new subsections (h) and (i) immediately following Section 9.2(g):

(g)    The Trust may redeem or repurchase  its Preferred Equity Interests, at par or at a discount;

(h)    The Trust may declare and make Restricted Payments to the extent paid and payable solely in Equity Interests (other than Mandatorily Redeemable Stock) of the Trust; and

(i)    The Trust may make Restricted Payments in the form of cash payments to holders of securities convertible into or exchangeable for common stock of the Trust in connection with the Trust's acquisition of such securities in an aggregate amount not to exceed $20,000,000.00 during the term of this Agreement.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

- 2-

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

Section 11.  Definitions.  All capitalized terms not otherwise defined herein are used herein with the respective definitions given them in the Credit Agreement.
[Signatures on Next Page]

- 3-

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

LEXINGTON REALTY TRUST

	
			
	By:
	/s/ Joseph S. Bonventre

	 
	Name:
	Joseph Bonventre

	 
	Title:
	Executive Vice President

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

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

	
			
	By:
	/s/ Joseph S. Bonventre

	 
	Name:
	Joseph Bonventre

	 
	Title:
	Vice President

[Signatures Continue on Next Page]

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

KEYBANK NATIONAL ASSOCIATION, as Agent and as a Lender 

	
			
	By:
	/s/ Jane E. McGrath

	 
	Name:
	Jane E. McGrath

	 
	Title:
	Vice President

[Signatures Continue on Next Page]

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

WELLS FARGO BANK, NATIONAL ASSOCIATION

	
			
	By:
	/s/ D. Bryan Gregory

	 
	Name:
	D. Bryan Gregory

	 
	Title:
	Director

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

U.S. BANK NATIONAL ASSOCIATION

	
			
	By:
	 

	 
	Name:
	 

	 
	Title:
	 

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

BANK OF AMERICA, N.A.

	
			
	By:
	/s/ Kurt Mathison

	 
	Name:
	Kurt Mathison

	 
	Title:
	Senior Vice President

    

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

PNC BANK N.A.

	
			
	By:
	/s/ Luis Donoso

	 
	Name:
	Luis Donoso

	 
	Title:
	Vice President

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

REGIONS BANK

	
			
	By:
	/s/ Kerri L. Raines

	 
	Name:
	Kerri L. Raines

	 
	Title:
	Vice President

    

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

ROYAL BANK OF CANADA

	
			
	By:
	/s/ Joshua Freedman

	 
	Name:
	Joshua Freedman

	 
	Title:
	Authorized Signatory

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

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

	
			
	By:
	 

	 
	Name:
	 

	 
	Title:
	 

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

BARCLAYS BANK PLC

	
			
	By:
	/s/ Michael Mozer

	 
	Name:
	Michael Mozer

	 
	Title:
	Vice President

    

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

FIFTH THIRD BANK

	
			
	By:
	 

	 
	Name:
	 

	 
	Title:
	 

    

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

CAPITAL ONE, N.A.

	
			
	By:
	/s/ Frederick H. Denecke

	 
	Name:
	Frederick H. Denecke

	 
	Title:
	Vice President

    

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

BRANCH BANKING AND TRUST COMPANY

	
			
	By:
	/s/ Ahaz A. Armstrong

	 
	Name:
	Ahaz A. Armstrong

	 
	Title:
	Assistant Vice President

    

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

TD BANK, N.A.

	
			
	By:
	/s/ Brian S. Welch

	 
	Name:
	Brian S. Welch

	 
	Title:
	Sr. Vice President

    

EXHIBIT A

FORM OF GUARANTOR ACKNOWLEDGEMENT

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

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

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

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

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

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

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

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

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

[Signatures on Next Page]

A-1

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

GUARANTORS:

LEX GP-1 TRUST

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

PHOENIX HOTEL ASSOCIATES LIMITED PARTNERSHIP

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

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

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LSAC OPERATING PARTNERSHIP L.P.

By:     LSAC General Partner LLC, its sole general partner

By:      LRA Manager Corp., its manager

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LXP I, L.P.

By:     LXP I Trust, its sole general partner

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

[Signatures Continue on Next Page]

A-2

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

LEXINGTON ACQUIPORT COMPANY, LLC
LEXINGTON DUNCAN MANAGER LLC
LEXINGTON MLP WESTERVILLE MANAGER LLC
LEXINGTON LAC LENEXA GP LLC
LEXINGTON COLUMBUS GP LLC
LEX WESTERVILLE GP LLC
LEX ROCK HILL GP LLC
LEXINGTON ALLEN MANAGER LLC
LEX CHILLICOTHE GP LLC
LEXINGTON LAKEWOOD MANAGER LLC
LEXINGTON MILLINGTON MANAGER LLC
ACQUIPORT 550 MANAGER LLC
ACQUIPORT 600 MANAGER LLC
ACQUIPORT WINCHESTER MANAGER LLC
LEXINGTON BRISTOL GP LLC
LEXINGTON DULLES MANAGER LLC
LEXINGTON FLORENCE MANAGER LLC
LEXINGTON FORT STREET TRUSTEE LLC
LEXINGTON HONOLULU MANAGER LLC
LEXINGTON SOUTHFIELD LLC
LEXINGTON TOY TRUSTEE LLC
LEXINGTON OLIVE BRANCH MANAGER LLC
LEXINGTON LAKE FOREST MANAGER LLC
LEXINGTON WALLINGFORD MANAGER LLC
LEXINGTON HIGH POINT MANAGER LLC
LEXINGTON COLLIERVILLE MANAGER LLC
LEXINGTON LOUISVILLE MANAGER LLC
LEXINGTON TNI WESTLAKE MANAGER LLC
LEXINGTON SHELBY GP LLC
LEXINGTON TAMPA GP LLC
LEX GP HOLDING LLC
LEX ST. JOSEPH GP LLC

By:      LRA Manager Corp., each of their manager

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

[Signatures Continue on Next Page]

A-3

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

NEWKIRK ALTENN GP LLC
NEWKIRK AVREM GP LLC
NEWKIRK BASOT GP LLC
NEWKIRK CAROLION GP LLC
NEWKIRK CLIFMAR GP LLC
NEWKIRK DALHILL GP LLC
NEWKIRK ELWAY GP LLC
NEWKIRK GERSANT GP LLC
NEWKIRK JACWAY GP LLC
NEWKIRK JLE WAY GP LLC
NEWKIRK JOHAB GP LLC
NEWKIRK LANMAR GP LLC
NEWKIRK LIROC GP LLC
NEWKIRK SALISTOWN GP LLC
NEWKIRK SUNWAY GP LLC
NEWKIRK SUPERWEST GP LLC
NEWKIRK WALANDO GP LLC
NEWKIRK WASHTEX GP LLC
LEXINGTON ACQUIPORT SIERRA LLC
LEX-PROPERTY HOLDINGS LLC
NK-ODW/COLUMBUS PROPERTY MANAGER LLC
NK-LUMBERTON PROPERTY MANAGER LLC
NK-CINN HAMILTON PROPERTY MANAGER LLC
LSAC CROSSVILLE MANAGER LLC
LEXINGTON WAXAHACHIE MANAGER LLC
NEWKIRK MLP UNIT LLC
MLP UNIT PLEDGE GP LLC
LEXINGTON LION CARY GP LLC
LEXINGTON BULVERDE MANAGER LLC
LEXINGTON CENTENNIAL MANAGER LLC
LEXINGTON LION PLYMOUTH GP LLC
LEX JESSUP GP LLC

By:      LRA Manager Corp., each of their manager

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

[Signatures Continue on Next Page]

A-4

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

LEXINGTON REALTY ADVISORS, INC.

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON DURHAM INC. 

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

MLP UNIT PLEDGE L.P.

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

By:     LRA Manager Corp., its manager

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEXINGTON/LION VENTURE L.P.

By:     LXP GP LLC, its sole general partner

By:     LRA Manager Corp., its manager

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LEX LP-1 TRUST

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

[Signatures Continue on Next Page]

A-5

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

LSAC GENERAL PARTNER LLC

By:      LRA Manager Corp., its manager

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LXP I TRUST

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

LXP GP LLC

By:    LRA Manager Corp., its manager

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

ACQUIPORT SIERRA MANAGER CORP.

	
			
	By:
	 

	Name:
	Joseph S. Bonventre

	Title:
	Vice President

A-6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00208-of-00352.parquet"}]]