Document:

Exhibit 4.2

EXECUTION VERSION

 

 

REGISTRATION
RIGHTS AGREEMENT

 

This REGISTRATION RIGHTS
AGREEMENT, dated as of June 10, 2010 (the “Agreement”), is entered into by and among LEXINGTON REALTY TRUST,
a Maryland real estate investment trust (the “Company”), those entities listed on Schedule A hereto (collectively,
the “Guarantors”), and WELLS FARGO SECURITIES, LLC and J.P. MORGAN SECURITIES LLC, as representatives (the “Representatives”)
of the several initial purchasers listed on Schedule B hereto (the “Initial Purchasers”).

 

The Company, Lepercq
Corporate Income Fund L.P., a Delaware limited partnership and Lepercq Corporate Income Fund II, L.P., a Delaware limited partnership,
and the Representatives on behalf of the Initial Purchasers are parties to the Purchase Agreement dated June 3, 2013 (the “Purchase
Agreement”), which provides for the sale by the Company to the Initial Purchasers of $250,000,000 aggregate principal
amount of its 4.25% Senior Notes due 2023 (the “Notes”) which will be guaranteed on an unsecured basis (the
“Guarantees” and, collectively with the Notes, the “Securities”) by the Guarantors. As an
inducement to the Initial Purchasers to enter into the Purchase Agreement, the Company and the Guarantors have agreed to provide
to the Initial Purchasers and their direct and indirect transferees the registration rights set forth in this Agreement. The execution
and delivery of this Agreement is a condition to the closing under Section 5 of the Purchase Agreement.

 

In consideration of
the foregoing, the parties hereto agree as follows:

 

1.          Definitions.
As used in this Agreement, the following terms shall have the following meanings:

 

“Additional
Interest” shall have the meaning set forth in Section 2(d) hereof.

 

“Business
Day” shall mean with respect to any note, any day, other than a Saturday, Sunday or any other day on which banking institutions
in New York, New York are authorized or obligated by law or executive order to close.

 

“Closing Date”
shall mean the Closing Time as defined in the Purchase Agreement.

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.

 

“Exchange
Dates” shall have the meaning set forth in Section 2(a)(ii) hereof.

 

“Exchange
Offer” shall mean the exchange offer by the Company and the Guarantors of Exchange Securities for Registrable Securities
pursuant to Section 2(a) hereof.

 

“Exchange
Offer Registration” shall mean a registration under the Securities Act effected pursuant to Section 2(a) hereof.

 

“Exchange
Offer Registration Statement” shall mean an exchange offer registration statement on Form S-4 (or, if applicable,
on another appropriate form) and all amendments and supplements to such registration statement, including post-effective amendments
thereto, in each case including the Prospectus contained therein, all exhibits thereto and any document incorporated by reference
therein.

 

    	 

    	 

    

  

“Exchange
Securities” shall mean senior notes issued by the Company and guaranteed by the Guarantors under the Indenture containing
terms identical to the Securities (except that the Exchange Securities will not be subject to restrictions on transfer or to any
increase in annual interest rate for failure to comply with this Agreement) and to be offered to Holders of Registrable Securities
in exchange for their Registrable Securities pursuant to the Exchange Offer.

 

“FINRA”
shall mean the Financial Industry Regulatory Authority, Inc.

 

“Free Writing
Prospectus” means each free writing prospectus (as defined in Rule 405 under the Securities Act) prepared by or
on behalf of the Company and the Guarantors or used or referred to by the Company and the Guarantors in connection with the offer
or sale of the Securities or the Exchange Securities.

 

“Guarantors”
shall have the meaning set forth in the preamble and shall also include the Guarantors’ successors.

 

“Holders”
shall mean the Initial Purchasers, for so long as they own any Registrable Securities, and each of their successors, assigns and
direct and indirect transferees who become owners of Registrable Securities under the Indenture; provided that for purposes
of Sections 4 and 5 of this Agreement, the term “Holders” shall include Participating Broker-Dealers.

 

“Indemnified
Person” shall have the meaning set forth in Section 5(c) hereof.

 

“Indemnifying
Person” shall have the meaning set forth in Section 5(c) hereof.

 

“Indenture”
shall mean the Indenture relating to the Securities dated as of the date hereof among the Company, the Guarantors, and U.S. Bank
National Association, as trustee, as the same may be amended from time to time in accordance with the terms thereof.

 

“Initial Purchasers”
shall have the meaning set forth in the preamble.

 

“Inspector”
shall have the meaning set forth in Section 3(a)(xiii) hereof.

 

“Majority
Holders” shall mean the Holders of a majority of the aggregate principal amount of the outstanding Registrable Securities;
provided that if the Company and the Guarantors shall issue any additional Registrable Securities under the Indenture prior
to consummation of the Exchange Offer or, if applicable, the effectiveness of any Shelf Registration Statement, such additional
Securities and the Registrable Securities to which this Agreement relates shall be treated together as one class for purposes of
determining whether the consent or approval of Holders of a specified percentage of Registrable Securities has been obtained.

 

“Participating
Broker-Dealers” shall have the meaning set forth in Section 4(a) hereof.

 

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“Person”
shall mean an individual, partnership, limited liability company, corporation, trust or unincorporated organization, or a government
or agency or political subdivision thereof.

 

“Prospectus”
shall mean the prospectus included in a Registration Statement, including any preliminary prospectus or a prospectus that discloses
information previously omitted from a prospectus filed as part of an effective registration statement in reliance upon Rule 430A
or Rule 430B under the Securities Act, and any such prospectus as amended or supplemented by any prospectus supplement, including
a prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities covered by a Shelf
Registration Statement, and by all other amendments and supplements to such prospectus, and in each case including any document
incorporated by reference therein.

 

“Purchase
Agreement” shall have the meaning set forth in the preamble.

 

“Registrable
Securities” shall mean the Securities; provided that the Securities shall cease to be Registrable Securities upon the
earliest to occur of (i) when a Registration Statement with respect to such Securities has become effective under the Securities
Act and such Securities have been exchanged, sold or otherwise disposed of pursuant to such Registration Statement, (ii) when such
Securities are sold pursuant to Rule 144 under the Securities Act (or any similar provision then in force, but not Rule 144A),
(iii) when such Securities cease to be outstanding or (iv) except in the case of Securities that otherwise remain Registrable Securities
and that are held by an Initial Purchaser and that are ineligible to be exchanged in the Exchange Offer, when the Exchange Offer
is consummated.

 

“Registration
Default” shall have the meaning set forth in Section 2(d) hereof.

 

“Registration
Default Damages” shall have the meaning set forth in Section 2(d) hereof.

 

“Registration
Expenses” shall mean any and all expenses incident to performance of or compliance by the Company and the Guarantors
with respect to this Agreement, including without limitation: (i) all SEC, stock exchange or FINRA registration and filing
fees, (ii) all reasonable, out-of-pocket fees and expenses incurred in connection with compliance with state securities or
blue sky laws and any filing with and review by FINRA (including reasonable, out-of-pocket fees and disbursements of counsel for
any Underwriters, Initial Purchasers or Holders in connection with blue sky qualification of any Exchange Securities or Registrable
Securities and any filing with and review by FINRA in an amount not to exceed $10,000), (iii) all expenses of any Persons
in preparing or assisting in preparing, word processing, printing and distributing any Registration Statement, any Prospectus,
and any Free Writing Prospectus and any amendments or supplements thereto, any underwriting agreements, securities sales agreements
or other similar agreements and any other documents relating to the performance of and compliance with this Agreement, (iv) all
rating agency fees, (v) all fees and disbursements relating to the qualification of the Indenture under applicable securities
laws, (vi) the fees and disbursements of the Trustee and its counsel, (vii) the fees and disbursements of counsel for
the Company and the Guarantors and, in the case of a Shelf Registration Statement, the reasonable fees and disbursements of one
counsel for the Holders (which counsel shall be selected by the Majority Holders and which counsel may also be counsel for the
Initial Purchasers) and (viii) the fees and disbursements of the independent public accountants of the Company and the Guarantors,
including the expenses of any special audits or “comfort” letters required by or incident to the performance of and
compliance with this Agreement, but excluding fees and expenses of counsel to the Underwriters (other than fees and expenses set
forth in clause (ii) above) or the Holders and underwriting discounts and commissions, brokerage commissions and transfer
taxes, if any, relating to the sale or disposition of Registrable Securities by a Holder.

  

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“Registration
Statement” shall mean any registration statement of the Company and the Guarantors that covers any of the Exchange Securities
or Registrable Securities pursuant to the provisions of this Agreement or additional Registrable Securities or Exchange Securities
that may be issued by the Company and the Guarantors under the Indenture and all amendments and supplements to any such registration
statement, including post-effective amendments, in each case including the Prospectus contained therein, all exhibits thereto and
any document incorporated by reference therein.

 

“Registration
Statement Default” shall have the meaning set forth in Section 2(d) hereof.

 

“Representatives”
shall have the meaning set forth in the preamble hereto.

 

“Resale Shelf
Registration” shall mean a registration effected pursuant to Section 2(b) hereof.

 

“SEC”
shall mean the United States Securities and Exchange Commission.

 

“Securities”
shall have the meaning set forth in the preamble hereto.

 

“Securities
Act” shall mean the Securities Act of 1933, as amended from time to time.

 

“Shelf Effectiveness
Period” shall have the meaning set forth in Section 2(b) hereof.

 

“Shelf Registration
Statement” shall mean a “shelf” registration statement of the Company and the Guarantors that covers
all or a portion of the Registrable Securities and any additional Securities that may be issued by the Company and the Guarantors
under the Indenture (but no other securities unless approved by the Holders whose Registrable Securities are to be covered by such
Shelf Registration Statement) on an appropriate form under Rule 415 under the Securities Act, or any similar rule that may
be adopted by the SEC, and all amendments and supplements to such registration statement, including post-effective amendments,
in each case including the Prospectus contained therein, all exhibits thereto and any document incorporated by reference therein.

 

“Shelf Registration
Statement Default” shall have the meaning set forth in Section 2(d) hereof.

 

“Shelf Request”
shall have the meaning set forth in Section 2(b) hereof.

 

“Staff”
shall mean the staff of the SEC.

 

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“Trust Indenture
Act” shall mean the Trust Indenture Act of 1939, as amended from time to time.

 

“Trustee”
shall mean the trustee with respect to the Securities under the Indenture.

 

“Underwriter”
shall have the meaning set forth in Section 3(e) hereof.

 

“Underwritten
Offering” shall mean an offering in which Registrable Securities are sold to an Underwriter for reoffering to the public.

 

2.           Registration
Under the Securities Act.

 

(a)          To
the extent not prohibited by any applicable law or applicable interpretations of the Staff, the Company and the Guarantors shall
use their commercially reasonable efforts to (i) cause an Exchange Offer Registration Statement covering an offer to the Holders
to exchange all the Registrable Securities for Exchange Securities to become effective under the Securities Act within 240 days
of the Closing Date, and (ii) if any Holder notifies the Company that it is obligated to deliver a prospectus in connection
with its participation in the Exchange Offer, to cause the Exchange Offer Registration Statement to remain continuously effective
under the Securities Act, supplemented and amended as required under the Securities Act, until the earlier of one year following
the completion of the Exchange Offer or such date all such Holders are no longer subject to the prospectus delivery requirement.
The Company and the Guarantors shall (A) commence the Exchange Offer promptly after the Exchange Offer Registration Statement
is declared effective by the SEC and keep the Exchange Offer open for at least 20 Business Days (or longer, if required by applicable
securities laws) after the date notice of the Exchange Offer is sent to Holders (as described below) and (B) use commercially
reasonable efforts to complete the Exchange Offer (as further described below in this Section 2(a)) on or prior to 60 days
(or longer, if required by applicable securities laws) after the date on which the Exchange Offer Registration Statement is declared
effective by the SEC.

 

The Company and the
Guarantors shall commence the Exchange Offer by mailing (or, to the extent permitted by law, publishing, filing or making available)
the related Prospectus, appropriate letters of transmittal and other accompanying documents to each Holder stating, in addition
to such other disclosures as are required by applicable law, substantially the following:

 

(i)          that
the Exchange Offer is being made pursuant to this Agreement and that all Registrable Securities validly tendered and not properly
withdrawn will be accepted for exchange;

 

(ii)         the
dates of acceptance for exchange (which shall be a period of at least 20 Business Days from the date such notice is mailed, published,
filed or made available) (each, an “Exchange Date” and collectively, the “Exchange Dates”);

 

(iii)        that
any Registrable Security not tendered will remain outstanding and continue to accrue interest (but not any Additional Interest)
but will not retain any rights under this Agreement;

 

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(iv)        that
any Holder electing to have a Registrable Security exchanged pursuant to the Exchange Offer will be required to (A) surrender
such Registrable Security, together with the appropriate letters of transmittal, to the institution acting as the exchange agent
and at the address of such institution (located in the Borough of Manhattan, The City of New York) and in the manner specified
in the notice, or (B) effect such exchange otherwise in compliance with the applicable procedures of the depositary for such
Registrable Security, in each case prior to the close of business on the last Exchange Date; and

 

(v)         that
any Holder will be entitled to withdraw its election, not later than the close of business on the last Exchange Date, by (A) sending
to the institution acting as the exchange agent and at the address of such institution (located in the Borough of Manhattan, The
City of New York) specified in the notice, a telegram, telex, facsimile transmission or letter setting forth the name of such
Holder, the principal amount of Registrable Securities delivered for exchange and a statement that such Holder is withdrawing its
election to have such Securities exchanged, or (B) effecting such withdrawal otherwise in compliance with the applicable procedures
of the depositary for such Registrable Security.

 

As a condition to participating
in the Exchange Offer, a Holder will be required to represent to the Company and the Guarantors that (i) any Exchange Securities
to be received by it will be acquired in the ordinary course of its business, (ii) at the time of the commencement of the
Exchange Offer it has no arrangement or understanding with any Person to participate in the distribution (within the meaning of
the Securities Act) of the Exchange Securities in violation of the provisions of the Securities Act, (iii) it is not an “affiliate”
(within the meaning of Rule 405 under the Securities Act) of the Company or the Guarantors and (iv) if such Holder is
a broker-dealer that will receive Exchange Securities for its own account in exchange for Registrable Securities that were acquired
as a result of market-making or other trading activities, then such Holder will deliver a Prospectus (or, to the extent permitted
by law, make available a Prospectus to purchasers) in connection with any resale of such Exchange Securities.

 

As soon as reasonably
practicable after the last Exchange Date, the Company and the Guarantors shall:

 

(i)          accept
for exchange Registrable Securities or portions thereof validly tendered and not properly withdrawn pursuant to the Exchange Offer;
and

 

(ii)         deliver,
or cause to be delivered, to the Trustee for cancellation all Registrable Securities or portions thereof so accepted for exchange
by the Company and the Guarantors and issue, and cause the Trustee to promptly authenticate and deliver to each Holder, Exchange
Securities equal in principal amount to the principal amount of the Registrable Securities surrendered by such Holder.

 

The Company and the
Guarantors shall use their commercially reasonable efforts to complete the Exchange Offer as provided above and shall comply with
the applicable requirements of the Securities Act, the Exchange Act and other applicable laws and regulations in connection with
the Exchange Offer. The Exchange Offer shall not be subject to any conditions, other than that the Exchange Offer does not violate
any applicable law or applicable interpretations of the Staff.

  

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(b)          In
the event that the Company and the Guarantors (i) determine that the Exchange Offer Registration provided for in Section 2(a)
above is not available or may not be completed as soon as reasonably practicable after the last Exchange Date because it would
violate any applicable law or applicable interpretations of the Staff, (ii) do not consummate the Exchange Offer within 300
days of the Closing Date or (iii) upon receipt of a written request (a “Shelf Request”) from any Initial
Purchaser, as soon as reasonably practicable after the last Exchange Date, representing that it holds Registrable Securities that
are or were ineligible to be exchanged in the Exchange Offer, the Company and the Guarantors shall use their commercially reasonable
efforts to cause to be filed as soon as reasonably practicable after such determination, date or request, as the case may be, but
in no event more than 30 days after such determination, date or request, a Shelf Registration Statement providing for the sale
of all the Registrable Securities by the Holders thereof and to have such Shelf Registration Statement declared effective by the
SEC within 90 days after such determination, date or request; provided that no Holder shall be entitled to have its Registrable
Securities covered by such Shelf Registration Statement unless such Holder has returned to the Company on behalf of the Company
and the Guarantors a completed and signed selling security holder questionnaire in reasonable and customary form by the reasonable
deadline for responses set forth therein, which may include an agreement by the Holder to be bound by the provisions of this Agreement
applicable to such Holder, including the indemnification obligations herein.

 

In the event that the
Company and the Guarantors are required to file a Shelf Registration Statement pursuant to clause (iii) of the preceding sentence,
the Company and the Guarantors shall use their commercially reasonable efforts to file and have declared effective by the SEC both
an Exchange Offer Registration Statement pursuant to Section 2(a) with respect to all Registrable Securities and a Shelf Registration
Statement (which may be a combined Registration Statement with the Exchange Offer Registration Statement) with respect to offers
and sales of Registrable Securities held by the Initial Purchasers that were ineligible to be exchanged in the Exchange Offer.

 

The Company and the
Guarantors agree to use their commercially reasonable efforts to keep the Shelf Registration Statement continuously effective until
the date which is one year after the effective date of the Shelf Registration Statement or such shorter period that will terminate
when all the Registrable Securities covered by the Shelf Registration Statement have been sold pursuant to the Shelf Registration
Statement (the “Shelf Effectiveness Period”). The Company and the Guarantors further agree to supplement or
amend the Shelf Registration Statement and the related Prospectus and any Free Writing Prospectus if required by the rules, regulations
or instructions applicable to the registration form used by the Company and the Guarantors for such Shelf Registration Statement
or by the Securities Act or by any other rules and regulations thereunder for shelf registration or if reasonably requested by
a Holder of Registrable Securities (or, to the extent permitted by law, publish, file or make available) with respect to information
relating to such Holder, and to use their commercially reasonable efforts to cause any such amendment to become effective and such
Shelf Registration Statement, Prospectus and Free Writing Prospectus to become usable as soon as thereafter practicable. The Company
and the Guarantors agree to furnish to the Holders of Registrable Securities copies of any such supplement or amendment (other
than documents to be incorporated by reference in a Shelf Registration Statement, Prospectus or Free Writing Prospectus) within
a commercially reasonable time after its being used or filed with the SEC.

 

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(c)          The
Company and the Guarantors shall pay all Registration Expenses in connection with any registration pursuant to Section 2(a)
or Section 2(b) hereof. Each Holder shall pay all underwriting discounts and commissions, brokerage commissions and transfer
taxes, if any, relating to the sale or disposition of such Holder’s Registrable Securities pursuant to the Shelf Registration
Statement and transfer taxes, if any, relating to the exchange of such Holder’s Registrable Securities pursuant to the Exchange
Offer Registration Statement.

 

(d)          An
Exchange Offer Registration Statement pursuant to Section 2(a) hereof or a Shelf Registration Statement pursuant to Section 2(b)
hereof will not be deemed to have become effective unless it has been declared effective by the SEC or is automatically effective
upon filing with the SEC as provided by Rule 462 under the Securities Act.

 

In the event that (i) any
Registration Statement required by this Agreement has not become effective on or prior to the date specified in this Agreement,
or (ii) the Exchange Offer is not completed within 300 days of the Closing Date (each a “Registration Statement Default”),
then the interest rate on the Registrable Securities will be increased by 0.25% per annum for the first 90-day period thereafter,
and the amount of such additional interest will increase by an additional 0.25% per annum for each subsequent 90-day period, up
to a maximum of 0.50% per annum over the original interest rate on the Securities (“Additional Interest”). At
the time the Registration Statements are filed or become effective, as applicable, or the Exchange Offer is consummated, the interest
rate on the Securities shall revert to the original interest rate on the Closing Date and the Company and the Guarantors shall
no longer be required to pay Additional Interest.

 

If the Shelf Registration
Statement, if required hereby, (i) has been declared effective but thereafter (and prior to the expiration of the period referred
to in Rule 144) either ceases to be effective or the Prospectus contained therein ceases to be usable at any time during the
Shelf Effectiveness Period, and such failure to remain effective or usable exists for more than 60 days (whether or not consecutive)
in any 12-month period, or (ii) if the Company and the Guarantors through their omission fails to name as a selling security
holder any Holder that had complied timely with its obligations hereunder in a manner to entitle such Holder to be named in the
Shelf Registration Statement or any Prospectus (each a “Shelf Registration Statement Default” and together with
the Registration Statement Default, the “Registration Default”), then the interest rate on the Registrable Securities
(in the case of clause (ii), only those Registrable Securities held by the affected Holders) will be increased by 0.25% per
annum for the first 90-day period thereafter, and the amount of such additional interest will increase by an additional 0.25% per
annum for each subsequent 90-day period, up to a maximum of 0.50% per annum over the original interest rate on the Securities (“Shelf
Registration Additional Interest” and together with Additional Interest, “Registration Default Damages”).
At the time that the Resale Shelf Registration has again been declared effective or the Prospectus again becomes useable or upon
the time when the Company has named as a selling security holder the Holder that had timely complied with its obligations in a
manner to entitle such Holder to be named in the Shelf Registration Statement or Prospectus, then the interest rate on the Securities
shall revert to the original interest rate on the Closing Date and the Company and the Guarantors shall no longer be required to
pay Resale Shelf Registration Additional Interest.

  

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Any amounts of Registration
Default Damages due pursuant to this Section 2(d) will be payable in cash on the next succeeding interest payment date to
Holders entitled to receive such Registration Default Damages on the relevant record dates for the payment of such interest. If
any Security ceases to be outstanding during any period for which Registration Default Damages are accruing, the Company and the
Guarantors will prorate the Registration Default Damages payable with respect to such Security.

 

Notwithstanding anything
herein to the contrary, the Registration Default Damages rate on the Securities shall not exceed in the aggregate 0.50% per annum
and shall not be payable under more than one clause above for any given period of time, except that if Registration Default Damages
would be payable because of more than one Registration Default, but at a rate of 0.25% per annum under one Registration Default
and at a rate of 0.50% per annum under the other, then the Registration Default Damages rate shall be the higher rate of 0.50%
per annum. Other than the Company’s and the Guarantors’ obligation to pay Registration Default Damages in accordance
with this Section 2(d), neither the Company nor the Guarantors will have any liability for damages with respect to a Registration
Default.

 

3.           Registration
Procedures.

 

(a)          
In connection with their obligations pursuant to Section 2(a) and Section 2(b) hereof, the Company and the Guarantors
shall use commercially reasonable efforts to:

 

(i)          prepare
and file with the SEC a Registration Statement on the appropriate form under the Securities Act, which form (x) shall be selected
by the Company and the Guarantors, (y) shall, in the case of a Resale Shelf Registration, be available for the sale of the
Registrable Securities by the Holders thereof and (z) shall comply as to form in all material respects with the requirements
of the applicable form and include all financial statements required by the SEC to be filed therewith; and use their commercially
reasonable efforts to cause such Registration Statement to become effective and remain effective for the applicable period in accordance
with Section 2 hereof;

 

(ii)         prepare
and file with the SEC such amendments and post-effective amendments to each Registration Statement as may be necessary to keep
such Registration Statement effective for the applicable period in accordance with Section 2 hereof and cause each Prospectus
to be supplemented by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 under the
Securities Act; and to comply fully with the applicable provisions of Rules 424 and 430A under the Securities Act in a timely
manner; and keep each Prospectus current during the period the related Registration Statement is required to remain effective pursuant
to Section 2 hereof. To the extent any Free Writing Prospectus is used, (x) file with the SEC any Free Writing Prospectus that
is required to be filed by the Company or the Guarantors with the SEC in accordance with the Securities Act and (y) retain any
Free Writing Prospectus not required to be filed;

 

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(iii)        in
the case of a Resale Shelf Registration, furnish (or, to the extent permitted by law, publish, file or make available) to each
Holder of Registrable Securities covered by the Shelf Registration Statement, to counsel for the Initial Purchasers, to counsel
for such Holders and to each Underwriter of an Underwritten Offering of Registrable Securities, if any, without charge, as many
copies of each Prospectus, including each preliminary Prospectus, and each Free Writing Prospectus and any amendment or supplement
thereto (other than, in each case, documents to be incorporated by reference in a Prospectus or Free Writing Prospectus), as such
Holder, counsel or Underwriter may reasonably request in order to facilitate the sale or other disposition of the Registrable Securities
thereunder; and the Company and the Guarantors consent to the use of such Prospectus and Free Writing Prospectus and any amendment
or supplement thereto in accordance with applicable law by each of the selling Holders of Registrable Securities and any such Underwriters
in connection with the offering and sale of the Registrable Securities covered by and in the manner described in such Prospectus
or Free Writing Prospectus or any amendment or supplement thereto in accordance with applicable law;

 

(iv)        use
their commercially reasonable efforts to register or qualify the Registrable Securities under all applicable state securities or
blue sky laws of such jurisdictions as any Holder of Registrable Securities covered by a Registration Statement shall reasonably
request in writing by the time the applicable Registration Statement becomes effective; cooperate with such Holders in connection
with any filings required to be made with FINRA; and do any and all other acts and things that may be reasonably necessary or advisable
to enable each Holder to complete the disposition in each such jurisdiction of the Registrable Securities owned by such Holder
in accordance with the manner of sale provided in the applicable Registration Statement; provided that neither the Company
nor any Guarantor shall be required to (A) qualify as a foreign corporation or other entity or as a dealer in securities in
any such jurisdiction where it would not otherwise be required to so qualify, (B) file any general consent to service of process
in any such jurisdiction or take any other action that would subject either of them to service of process in suits or (C) subject
itself to taxation in any such jurisdiction if it is not so subject;

 

(v)         in
the case of a Resale Shelf Registration, notify each Holder of Registrable Securities covered by the Shelf Registration Statement
and counsel for such Holders and counsel for the Initial Purchasers promptly and, if requested in writing by any such Holder or
counsel, confirm such advice in writing (A) when a Registration Statement has become effective and when any post-effective
amendment thereto has been filed and becomes effective or when any Free Writing Prospectus has been filed or any amendment or supplement
to the Prospectus or Free Writing Prospectus has been filed (other than, in each case, documents to be incorporated by reference
in the Prospectus or Free Writing Prospectus), (B) of any request by the SEC or any state securities authority for amendments
and supplements to a Registration Statement, Prospectus or Free Writing Prospectus or for additional information after the Registration
Statement has become effective, (C) of the issuance by the SEC or any state securities authority of any stop order suspending
the effectiveness of a Registration Statement or the initiation of any proceedings for that purpose, (D) if, between the effective
date of a Registration Statement and the closing of any sale of Registrable Securities covered thereby, the representations and
warranties of the Company or the Guarantors contained in any underwriting agreement, securities sales agreement or other similar
agreement, if any, relating to an offering of such Registrable Securities cease to be true and correct in all material respects
or if the Company or the Guarantors receive any notification with respect to the suspension of the qualification of the Registrable
Securities for sale in any jurisdiction or the initiation of any proceeding for such purpose, (E) of the happening of any
event during the period a Shelf Registration Statement is effective that makes any statement made in such Registration Statement
or the related Prospectus or any Free Writing Prospectus untrue in any material respect or that requires the making of any changes
in such Registration Statement, Prospectus or Free Writing Prospectus in order to make the statements therein not misleading (in
the case of any Prospectus, in light of the circumstances under which they were made) and (F) of any determination by the
Company and the Guarantors that a post-effective amendment to a Registration Statement would be appropriate in order for such Registration
Statement to be usable, other than documents to be incorporated by reference in such Registration Statement;

 

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(vi)        use
their commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement
at the earliest practicable moment and provide prompt notice to each Holder of the withdrawal of any such order;

 

(vii)       in
the case of a Resale Shelf Registration, if requested in writing, furnish to each selling Holder of Registrable Securities, without
charge, at least one conformed copy of each Shelf Registration Statement and any post-effective amendment thereto (without any
documents incorporated therein by reference or exhibits thereto, unless requested);

 

(viii)      in
the case of a Resale Shelf Registration, cooperate in a commercially reasonable manner with the selling Holders of Registrable
Securities to facilitate the timely preparation and delivery of certificates representing Registrable Securities to be sold and
not bearing any restrictive legends and enable such Registrable Securities to be issued in such denominations and registered in
such names (consistent with the provisions of the Indenture) as such Holders may reasonably request in writing at least one Business
Day prior to the closing of any sale of Registrable Securities;

 

(ix)         in
the case of a Resale Shelf Registration, upon the occurrence of any event contemplated by Section 3(a)(v)(E) hereof, use their
commercially reasonable efforts to prepare and file with the SEC a supplement or post-effective amendment to such Shelf Registration
Statement or the related Prospectus, any Free Writing Prospectus or any document incorporated therein by reference or file any
other required document so that, as thereafter delivered (or, to the extent permitted by law, published, filed or made available)
to purchasers of the Registrable Securities, such Prospectus or Free Writing Prospectus, as the case may be, will not contain any
untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, (in the case of
any Prospectus, in the light of the circumstances under which they were made), not misleading; and the Company and the Guarantors
shall notify the Holders of Registrable Securities to suspend use of the Prospectus or Free Writing Prospectus, as the case may
be, as promptly as reasonably practicable after the occurrence of such an event, and such Holders hereby agree to suspend use of
the Prospectus or Free Writing Prospectus, as the case may be, until the Company and the Guarantors have amended or supplemented
the Prospectus or Free Writing Prospectus, as the case may be, to correct such misstatement or omission;

 

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(x)          within
a commercially reasonable time prior to the filing of any Registration Statement, any Prospectus, any Free Writing Prospectus,
any amendment to a Registration Statement or amendment or supplement to a Prospectus or Free Writing Prospectus (other than, in
each case, the filing of documents to be incorporated by reference in a Registration Statement, Prospectus or Free Writing Prospectus),
provide copies of such document to the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement,
to the selling Holders of Registrable Securities and their counsel if known) and make such of the representatives of the Company
and the Guarantors as shall be reasonably requested in writing by the Initial Purchasers or their counsel (and, in the case of
a Shelf Registration Statement, the selling Holders of Registrable Securities or their counsel) available for discussion of such
document; and the Company and the Guarantors shall not, at any time after initial filing of a Registration Statement, file any
Prospectus, any Free Writing Prospectus, any amendment of or supplement to a Registration Statement or a Prospectus, or a Free
Writing Prospectus (other than, in each case, documents to be incorporated by reference in a Registration Statement, Prospectus
or Free Writing Prospectus), of which the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement,
the selling Holders of Registrable Securities and their counsel) shall not have previously been advised and furnished a copy or
to which the Initial Purchasers or their counsel (and, in the case of a Shelf Registration Statement, the selling Holders of Registrable
Securities or their counsel) shall reasonably object;

 

(xi)         obtain
a CUSIP number for all Exchange Securities or Registrable Securities, as the case may be, not later than the effective date of
a Registration Statement;

 

(xii)        cause
the Indenture to be qualified under the Trust Indenture Act in connection with the registration of the Exchange Securities or Registrable
Securities, as the case may be; cooperate in a commercially reasonable manner with the Trustee and the Holders to effect such changes
to the Indenture as may be required for the Indenture to be so qualified in accordance with the terms of the Trust Indenture Act;
and execute, and use their commercially reasonable efforts to cause the Trustee to execute, all documents as may be required to
effect such changes and all other forms and documents required to be filed with the SEC to enable the Indenture to be so qualified
in a timely manner;

 

(xiii)       in
the case of a Resale Shelf Registration, make available for inspection at the Company’s principal place of business by a
representative of the selling Holders of the Registrable Securities (an “Inspector”), any Underwriter participating
in any disposition pursuant to such Shelf Registration Statement, any attorneys and accountants designated by Majority Holders
of Registrable Securities to be included in such Resale Shelf Registration and any attorneys and accountants designated by such
Underwriter, at reasonable times and in a reasonable manner, all pertinent financial and other records, documents and properties
of the Company and the Guarantors, and cause the respective officers, directors, trustees and employees of the Company and the
Guarantors to supply all information reasonably requested in writing by any such Inspector, Underwriter, attorney or accountant
in connection with a Shelf Registration Statement as is customary for similar due diligence examinations; provided that
if any such information is identified by the Company or the Guarantors as being confidential or proprietary, each Person receiving
such information shall take such actions as are necessary to protect the confidentiality of such information and shall be liable
to, and indemnify the Company and the Guarantors for any failure to protest such confidentiality; provided, however, that
without limitation to the foregoing, nothing in this Agreement shall prevent any Inspector, Holder or Underwriter or any of their
respective attorneys or accountants from disclosing any confidential or proprietary information in connection with asserting any
rights or defenses available under applicable law, or in connection with any legal, regulatory or administrative proceedings, arbitration
or mediation (including, without limitation, due diligence defenses) or from disclosing any such information upon the order, request
or demand of any court, arbitrator, mediator, governmental or regulatory authority or official of competent jurisdiction, FINRA,
any stock exchange or similar authority; provided that, in the event of any such order, request or demand, such Inspector,
Holder, Underwriter, attorney or accountant shall have notified the Company and the Guarantors in writing in advance of such proposed
disclosure, to the extent permissible under applicable law or regulation or such order, request or demand, so that the Company
or the Guarantors may seek an appropriate protective order and shall assist in the obtaining of any such protective order or otherwise;

 

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(xiv)      if
reasonably requested in writing by any Holder of Registrable Securities covered by a Shelf Registration Statement, promptly include
in a Prospectus Supplement or post-effective amendment such information with respect to such Holder as such Holder reasonably requests
in writing to be included therein and make all required filings of such Prospectus supplement or such post-effective amendment
as soon as reasonably practicable after the Company has received notification of the matters to be so included in such filing;
and

 

(xv)       in
the case of a Resale Shelf Registration, enter into such customary agreements and take all such other actions in connection therewith
(including those reasonably requested in writing by the Majority Holders of Registrable Securities being sold) in order to expedite
or facilitate the disposition of such Registrable Securities including, but not limited to, an Underwritten Offering and in such
connection, (A) to the extent possible, make such representations and warranties to the Holders and any Underwriters of such
Registrable Securities with respect to the business of the Company and its subsidiaries and the Registration Statement, Prospectus,
any Free Writing Prospectus and documents incorporated by reference or deemed incorporated by reference, if any, in each case,
in form, substance and scope as are customarily made by the Company and the Guarantors to underwriters in underwritten offerings
and confirm the same if and when requested to do so in writing, (B) use commercially reasonable efforts to obtain opinions
of counsel to the Company and the Guarantors (which counsel and opinions, in form, scope and substance, shall be reasonably satisfactory
to the Holders and such Underwriters and their respective counsel) addressed to each selling Holder and Underwriter of Registrable
Securities, covering the matters customarily covered in opinions requested in underwritten offerings, (C) use commercially
reasonable efforts to obtain “comfort” letters from the independent registered public accountants of the Company and
the Guarantors (and, if necessary, any other certified public accountant of any subsidiary of the Company or the Guarantors, or
of any business acquired by the Company or the Guarantor for which financial statements and financial data are or are required
to be included in the Registration Statement) addressed to each selling Holder and Underwriter of Registrable Securities to whom
accountants are permitted to address such letter in accordance with applicable accounts guidance and the policies and procedures
of the appropriate accounting firm of such registration, such letters to be in customary form and covering matters of the type
customarily covered in “comfort” letters in connection with underwritten offerings and (D) deliver such documents
and certificates as may be reasonably requested by the Majority Holders of the Registrable Securities being sold or the Underwriters,
and which are customarily delivered in underwritten offerings, to evidence the continued validity of the representations and warranties
of the Company and the Guarantors made pursuant to clause (A) above and to evidence compliance with any customary conditions
contained in an underwriting agreement.

 

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(b)          In
the case of a Shelf Registration Statement, the Company and the Guarantors may require each Holder of Registrable Securities to
furnish to the Company on behalf of the Company and the Guarantors such information regarding such Holder and the proposed disposition
by such Holder of such Registrable Securities as the Company and the Guarantors may from time to time reasonably request in writing.

 

(c)          In
the case of a Shelf Registration Statement, each Holder of Registrable Securities covered in such Shelf Registration Statement
agrees that, upon receipt of any notice from the Company or the Guarantors of the happening of any event of the kind described
in Section 3(a)(v)(C), 3(a)(v)(E) or 3(a)(v)(F) hereof, such Holder will forthwith discontinue disposition of Registrable
Securities pursuant to the Shelf Registration Statement until such Holder’s receipt of the copies of the supplemented or
amended Prospectus contemplated by Section 3(a)(ix) hereof and, if so directed by the Company and the Guarantors, such Holder
will deliver to the Company or the Guarantors all copies in its possession, other than permanent file copies then in such Holder’s
possession, of the Prospectus covering such Registrable Securities that is current at the time of receipt of such notice.

 

(d)          If
the Company and the Guarantors shall give any notice pursuant to Section 3(c) hereof to suspend the disposition of Registrable
Securities pursuant to a Shelf Registration Statement, the Company and the Guarantors shall extend the period during which such
Shelf Registration Statement shall be maintained effective pursuant to this Agreement by the number of days during the period from
and including the date of the giving of such notice to and including the date when the Holders of such Registrable Securities shall
have received copies of the supplemented or amended Prospectus necessary to resume such dispositions (or, to the extent permitted
by law, when such supplemented or amended Prospectus shall have been published, filed or made available). The Company and the Guarantors
may give any such notice only twice during any 365-day period and any such suspensions shall not exceed 60 days (whether or not
consecutive) in the aggregate during any 365-day period; provided that, if the event triggering the suspension relates to
a proposed or pending material business transaction, the disclosure of which the board of trustees of the Company determines in
good faith would be reasonably likely to impede the ability to consummate the transaction or would otherwise be seriously detrimental
to the Company or the Guarantors and its subsidiaries taken as a whole, the Company and the Guarantors may extend the suspension
from 60 days in any 365-day period to 90 days in any 365-day period.

 

(e)          The
Holders of Registrable Securities covered by a Shelf Registration Statement who desire to do so may sell such Registrable Securities
in an Underwritten Offering. In any such Underwritten Offering, the investment bank or investment banks and manager or managers
(each an “Underwriter”) that will administer the offering will be selected by the Majority Holders of the Registrable
Securities included in such offering, subject to the approval of the Company.

 

4.           Participation
of Broker-Dealers in Exchange Offer.

 

(a)          The
Staff has taken the position that any broker-dealer that receives Exchange Securities for its own account in the Exchange Offer
in exchange for Securities that were acquired by such broker-dealer as a result of market-making or other trading activities (a
“Participating Broker-Dealer”) may be deemed to be an “underwriter” within the meaning of the Securities
Act and must deliver a prospectus meeting the requirements of the Securities Act in connection with any resale of such Exchange
Securities.

 

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The Company and the
Guarantors have been advised that it is the Staff’s position that if the Prospectus contained in the Exchange Offer Registration
Statement includes a plan of distribution containing a statement to the above effect and the means by which Participating Broker-Dealers
may resell the Exchange Securities, without naming the Participating Broker-Dealers or specifying the amount of Exchange Securities
owned by them, such Prospectus may be delivered by Participating Broker-Dealers to satisfy their prospectus delivery obligation
under the Securities Act in connection with resales of Exchange Securities for their own accounts, so long as the Prospectus otherwise
meets the requirements of the Securities Act.

 

(b)          In
light of the above, and notwithstanding the other provisions of this Agreement, the Company and the Guarantors agree to amend or
supplement the Prospectus contained in the Exchange Offer Registration Statement for a period of up to 180 days after the last
Exchange Date (as such period may be extended pursuant to Section 3(d) of this Agreement), if requested by the Initial Purchasers
or by one or more Participating Broker-Dealers, in order to expedite or facilitate the disposition of any Exchange Securities by
Participating Broker-Dealers consistent with the positions of the Staff recited in Section 4(a) above. The Company and the
Guarantors further agree that Participating Broker-Dealers shall be authorized to deliver such Prospectus (or, to the extent permitted
by law, publish, file or make available) during such period in connection with the resales contemplated by this Section 4.

 

(c)          The
Initial Purchasers shall have no liability to the Company, the Guarantors or any Holder with respect to any request that they may
make pursuant to Section 4(b) above.

 

5.           Indemnification
and Contribution.

 

(a)          The
Company and the Guarantors, jointly and severally, agree to indemnify and hold harmless each Initial Purchaser and each Holder,
their respective affiliates, directors and officers and each Person, if any, who controls any Initial Purchaser or any Holder within
the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from and against any and all losses,
claims, damages and liabilities (including, without limitation, reasonable out-of-pocket legal fees and other expenses incurred
in connection with any suit, action or proceeding or any claim asserted, as such fees and expenses are reasonably incurred), that
arise out of, or are based upon, any untrue statement or alleged untrue statement of a material fact contained in any Registration
Statement or any omission or alleged omission to state therein a material fact required to be stated therein or necessary in order
to make the statements therein not misleading, or any untrue statement or alleged untrue statement of a material fact contained
in any Prospectus, any Free Writing Prospectus or any “issuer information” filed or required to be filed pursuant to
Rule 433(d) under the Securities Act, or any omission or alleged omission to state therein a material fact necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading, except, in each case,
insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or omission or alleged
untrue statement or omission made in reliance upon and in conformity with any information relating to any Initial Purchaser, Underwriter
or Holder furnished by, or on behalf of, such Initial Purchaser, Underwriter or Holder or their respective representatives, to
the Company or the Guarantors in writing expressly for use therein. In connection with any Underwritten Offering permitted by Section 3
hereof, the Company and the Guarantors, jointly and severally, will also indemnify the Underwriters, if any, selling brokers, dealers
and similar securities industry professionals participating in the distribution, their respective affiliates and each Person who
controls such Persons (within the meaning of the Securities Act and the Exchange Act) to the same extent as provided above with
respect to the indemnification of the Holders, if requested in connection with any Registration Statement.

 

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(b)          Each
Initial Purchaser, Underwriter and Holder agrees, severally and not jointly, to indemnify and hold harmless the Company, the Guarantors,
the Initial Purchasers and the other selling Holders, the directors, trustees and general partners of the Company and the Guarantors,
each officer of the Company and the Guarantors who signed a Registration Statement and each Person, if any, who controls the Company,
the Guarantors, any Initial Purchaser and any other selling Holder within the meaning of Section 15 of the Securities Act
or Section 20 of the Exchange Act to the same extent as the indemnity set forth in paragraph (a) above, but only with respect
to any losses, claims, damages or liabilities that arise out of, or are based upon, any untrue statement or omission or alleged
untrue statement or omission made in reliance upon and in conformity with any information relating to such Initial Purchaser, Underwriter
or Holder furnished to the Company in writing by, or on behalf of, such Initial Purchaser, Underwriter or Holder expressly for
use in any Registration Statement, any Prospectus and any Free Writing Prospectus. This indemnity provision shall be in addition
to any liability that any such Holder may otherwise have to the Company or the Guarantors.

  

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(c)          If
any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted
against any Person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above, such Person
(the “Indemnified Person”) shall promptly notify the Person against whom such indemnification may be sought
(the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying Person shall
not relieve it from any liability that it may have under this Section 5 except to the extent that it has been prejudiced (through
the forfeiture of substantive rights or defenses) by such failure; and provided, further, that the failure to notify the
Indemnifying Person shall not relieve it from any liability that it may have to an Indemnified Person otherwise than under this
Section 5. If any such proceeding shall be brought or asserted against an Indemnified Person and it shall have notified the
Indemnifying Person thereof, the Indemnifying Person shall retain counsel reasonably satisfactory to the Indemnified Person to
represent the Indemnified Person and any others entitled to indemnification pursuant to this Section 5 that the Indemnifying
Person may designate in such proceeding and shall pay the reasonable out-of-pocket fees and expenses of such counsel related to
such proceeding, as reasonably incurred. In any such proceeding, any Indemnified Person shall have the right to retain its own
counsel, but the fees and expenses of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying
Person and the Indemnified Person shall have mutually agreed in writing to the contrary; (ii) the Indemnifying Person has
failed within a reasonable time to retain counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified
Person upon the advice of counsel shall have reasonably concluded that there may be legal defenses available to it that are different
from or in addition to those available to the Indemnifying Person; or (iv) the named parties in any such proceeding (including
any impleaded parties) include both the Indemnifying Person and the Indemnified Person and representation of both parties by the
same counsel would be inappropriate due to actual or potential differing interests between them. It is understood and agreed that
the Indemnifying Person shall not, in connection with any proceeding or related proceeding be liable for the fees and expenses
of more than one separate firm (in addition to any local counsel) for all Indemnified Persons, and that all such fees and expenses
shall be reimbursed as they are reasonably incurred. Any such separate firm (x) for any Initial Purchaser, its affiliates,
directors and officers and any control Persons of such Initial Purchaser shall be designated in writing by the Representatives,
(y) for any Holder, its directors and officers and any control Persons of such Holder shall be designated in writing by the
Majority Holders and (z) in all other cases shall be designated in writing by the Company. The Indemnifying Person shall not
be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if there
be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person from and against any
loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified
Person shall have requested that an Indemnifying Person reimburse the Indemnified Person for fees and expenses of counsel as provided
herein, the Indemnifying Person shall be liable for any settlement of any proceeding effected without its written consent if (i) such
settlement is entered into more than 90 days after receipt by the Indemnifying Person of such request and (ii) the Indemnifying
Person shall not have reimbursed the Indemnified Person for fees and expenses of counsel as provided herein in accordance with
such request prior to the date of such settlement. No Indemnifying Person shall, without the written consent of the Indemnified
Person, effect any settlement of any pending or threatened proceeding in respect of which any Indemnified Person is or could have
been a party and indemnification could have been sought hereunder by such Indemnified Person, unless such settlement (A) includes
an unconditional release of such Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person,
from all liability on claims that are the subject matter of such proceeding and (B) does not include any statement as to or
any admission of fault, culpability or a failure to act by or on behalf of any Indemnified Person.

 

(d)          If
the indemnification provided for in paragraphs (a) and (b) above is unavailable to an Indemnified Person or insufficient in
respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraph,
in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified
Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the
relative benefits received by the Company and the Guarantors from the offering of the Securities and the Exchange Securities, on
the one hand, and by the Initial Purchasers, Underwriters or Holders from receiving Securities or Exchange Securities registered
under the Securities Act, on the other hand, or (ii) if the allocation provided by clause (i) is not permitted by applicable
law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the
relative fault of the Company and the Guarantors, on the one hand, and the Initial Purchasers, Underwriters or Holders, on the
other, in connection with the statements or omissions that resulted in such losses, claims, damages or liabilities, as well as
any other relevant equitable considerations. The relative fault of the Company and the Guarantors, on the one hand, and the Initial
Purchasers, Underwriters or Holders, on the other, shall be determined by reference to, among other things, whether the untrue
or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information
supplied by the Company and the Guarantors or by the Initial Purchasers, Underwriters or Holders and the parties’ relative
intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.

 

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(e)          The
Company, the Guarantors Initial Purchasers, Underwriters and the Holders agree that it would not be just and equitable if contribution
pursuant to this Section 5 were determined by pro rata allocation (even if the Initial Purchasers, Underwriters or Holders
were treated as one entity for such purpose) or by any other method of allocation that does not take account of the equitable considerations
referred to in paragraph (d) above. The amount paid or payable by an Indemnified Person as a result of the losses, claims,
damages and liabilities referred to in paragraph (d) above shall be deemed to include, subject to the limitations set forth
above, any reasonable, out-of-pocket legal or other expenses incurred by such Indemnified Person in connection with any such action
or claim. Notwithstanding the provisions of this Section 5, in no event shall a Holder be required to contribute any amount
in excess of the amount by which the total price at which the Securities or Exchange Securities sold by such Holder exceeds the
amount of any damages that such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement
or omission or alleged omission. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of
the Securities Act) shall be entitled to indemnification or contribution from any Person who was not guilty of such fraudulent
misrepresentation. For purposes of this Section 5, each person who controls a Holder within the meaning of either the Securities
Act or the Exchange Act and each director, officer, employee and agent of such Holder shall have the same rights to contribution
as such Holder, and each person who controls the Company or the Guarantors within the meaning of either the Securities Act or the
Exchange Act, each officer of the Company or the Guarantors who shall have signed the Registration Statement and each director,
trustee or general partner of the Company or the Guarantors shall have the same rights to contribution as the Company and the Guarantors,
subject in each case to the applicable terms and conditions of this paragraph (e).

 

(f)          The
remedies provided for in this Section 5 are not exclusive and shall not limit any rights or remedies that may otherwise be
available to any Indemnified Person at law or in equity.

 

(g)          The
indemnity and contribution provisions contained in this Section 5 shall remain operative and in full force and effect regardless
of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of the Initial Purchasers or any
Holder or any Person controlling any Initial Purchaser or any Holder, or by or on behalf of the Company or the Guarantors or the
officers, partners, trustees or directors of or any Person controlling the Company or the Guarantors, (iii) acceptance of
any of the Exchange Securities and (iv) any sale of Registrable Securities pursuant to a Shelf Registration Statement.

 

6.           General.

 

(a)          No
Inconsistent Agreements. The Company and the Guarantors represent, warrant and agree that (i) the rights granted to the
Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of any other
outstanding securities issued or guaranteed by the Company or the Guarantors under any other agreement and (ii) neither the
Company nor the Guarantors have entered into, or on or after the date of this Agreement will enter into, any agreement that is
inconsistent with the rights granted to the Holders of Registrable Securities in this Agreement or otherwise conflicts with the
provisions hereof.

  

    	18

    	 

    

  

(b)          Amendments
and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or supplemented,
and waivers or consents to departures from the provisions hereof may not be given unless the Company and the Guarantors have obtained
the written consent of the Majority Holders of the outstanding Registrable Securities affected by such amendment, modification,
supplement, waiver or consent; provided that no amendment, modification, supplement, waiver or consent to any departure
from the provisions of Section 5 hereof shall be effective as against any Holder of Registrable Securities unless consented
to in writing by such Holder. Any amendments, modifications, supplements, waivers or consents pursuant to this Section 6(b)
shall be in writing and executed by each of the parties required to consent thereto.

 

(c)          Notices.
All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery, registered
first-class mail, telecopier, or any courier guaranteeing overnight delivery (i) if to a Holder, at the most current address
given by such Holder to the Company by means of a notice given in accordance with the provisions of this Section 6(c), which
address initially is, with respect to the Initial Purchasers, the addresses of the Representatives set forth in the Purchase Agreement;
(ii) if to the Company and the Guarantors, initially at the Company’s address set forth in the Purchase Agreement and
thereafter at such other address, notice of which is given in accordance with the provisions of this Section 6(c); and (iii) to
such other persons at their respective addresses as provided in the Purchase Agreement and thereafter at such other address, notice
of which is given in accordance with the provisions of this Section 6(c). All such notices and communications shall be deemed
to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the
mail, postage prepaid, if mailed; when receipt is acknowledged, if telecopied; and on the next Business Day if timely delivered
to an air courier guaranteeing overnight delivery. Copies of all such notices, demands or other communications shall be concurrently
delivered by the Person giving the same to the Trustee, at the address specified in the Indenture.

 

(d)          Successors
and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors, assigns and transferees of each
of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; provided
that nothing herein shall be deemed to permit any assignment, transfer or other disposition of Registrable Securities in violation
of the terms of the Purchase Agreement or the Indenture. If any transferee of any Holder shall acquire Registrable Securities in
any manner, whether by operation of law or otherwise, such Registrable Securities shall be held subject to all the terms of this
Agreement, and by taking and holding such Registrable Securities such Person shall be conclusively deemed to have agreed to be
bound by and to perform all of the terms and provisions of this Agreement and such Person shall be entitled to receive the benefits
hereof. The Initial Purchasers (in their capacity as Initial Purchasers) shall have no liability or obligation to the Company or
the Guarantors with respect to any failure by a Holder (other than such Initial Purchaser) to comply with, or any breach by any
Holder of, any of the obligations of such Holder under this Agreement.

 

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(e)          Third
Party Beneficiaries. Each Holder shall be a third party beneficiary to the agreements made hereunder between the Company and
the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements
directly to the extent it deems such enforcement necessary or advisable to protect its rights or the rights of other Holders hereunder.

 

(f)          Rule
144A. The Company hereby agrees with each Holder, for so long as any Registrable Securities remain outstanding and remain Registrable
Securities, to make available to any Holder or beneficial owner of Registrable Securities in connection with any sale thereof and
any prospective purchaser of such Registrable Securities from such Holder or beneficial owner, the information required by Rule 144A(d)(4)
under the Securities Act in order to permit resales of such Registrable Securities pursuant to Rule 144A under the Securities
Act.

 

(g)          Counterparts.
This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement.
Facsimile signatures shall constitute original signatures for all purposes of this Agreement.

 

(h)          Headings.
The headings in this Agreement are for convenience of reference only, are not a part of this Agreement and shall not limit or otherwise
affect the meaning hereof.

 

(i)          Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of New York without regard
to its conflicts-of-law principles that would permit the application of the laws of another jurisdiction.

 

(j)          Miscellaneous.
This Agreement contains the entire agreement between the parties relating to the subject matter hereof and supersedes all oral
statements and prior writings with respect thereto. If any term, provision, covenant or restriction contained in this Agreement
is held by a court of competent jurisdiction to be invalid, void or unenforceable or against public policy, the remainder of the
terms, provisions, covenants and restrictions contained herein shall remain in full force and effect and shall in no way be affected,
impaired or invalidated. The Company, the Guarantors and the Initial Purchasers shall endeavor in good faith negotiations to replace
the invalid, void or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to
that of the invalid, void or unenforceable provisions.

  

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IN WITNESS WHEREOF, the parties hereto have
caused this Registration Rights Agreement to be duly executed as of the day and year first above written.

 

	 	ISSUER:
	 	 
	 	
        LEXINGTON REALTY TRUST, a Maryland real estate

        investment trust, as Issuer of the Notes

	 	 	 
	 	By:	/s/ Joseph S. Bonventre
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Executive Vice President
	 	 
	 	SUBSIDIARY GUARANTORS:
	 	 
	 	LEPERCQ CORPORATE INCOME FUND L.P.,
	 	
        a Delaware limited partnership, as a Subsidiary
        Guarantor

	 	 	 
	 	By:	Lex GP-1 Trust, its general partner, a Delaware statutory trust
	 	 	 	 
	 	 	By:	/s/ Joseph S. Bonventre
	 	 	 	Name:  Joseph S. Bonventre
	 	 	 	Title:  Vice President
	 	 	 	 
	 	LEPERCQ CORPORATE INCOME FUND II L.P.,

	 	
        a Delaware limited partnership, as a Subsidiary
        Guarantor

	 	 	 	 
	 	By:	Lex GP-1 Trust, its general partner, a Delaware statutory trust
	 	 	 	 
	 	 	By:	/s/ Joseph S. Bonventre
	 	 	 	Name:  Joseph S. Bonventre
	 	 	 	Title:  Vice President
	 	 	 	 
	 	Lex GP-1 Trust, a Delaware statutory trust,
	 	as a Subsidiary Guarantor
	 	 	 	 
	 	 	By:	/s/ Joseph S. Bonventre
	 	 	 	Name:  Joseph S. Bonventre
	 	 	 	Title:  Vice President

 

[Signature
Page to Registration Rights Agreement]

 

    	 

    	 

    

 

	 	Lex LP-1 Trust,
    a Delaware statutory trust,
	 	as a Subsidiary Guarantor
	 	 	 	 
	 	By:	/s/ Joseph
    S. Bonventre
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Vice President
	 	 	 
	 	Lexington Realty Advisors,
    Inc., a Delaware corporation, as a Subsidiary Guarantor
	 	 	 	 
	 	By:	/s/ Joseph
    S. Bonventre
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Vice President
	 	 	 	 
	 	lsac operating partnership
    l.p., a Delaware limited partnership, as a Subsidiary Guarantor
	 	 	 
	 	By:	LSAC General Partner LLC, a Delaware limited liability
    company, its general partner
	 	 	 	 
	 	 	By:  	LRA Manager Corp., a Delaware corporation, its manager
	 	 	 	 
	 	 	 	By:	/s/ Joseph
    S. Bonventre
	 	 	 	Name:  Joseph S. Bonventre
	 	 	 	Title:  Vice President
	 	 	 	 
	 	MLP Unit pledge l.p.,
    a Delaware limited partnership, as a Subsidiary Guarantor
	 	 	 	 
	 	By:	MLP Unit Pledge GP LLC, a Delaware limited liability
    company, its general partner
	 	 	 	 
	 	 	By:  	LRA Manager Corp., a Delaware corporation, its manager
	 	 	 	 	 
	 	 	 	By:	/s/ Joseph S. Bonventre
	 	 	 	Name:  Joseph S. Bonventre
	 	 	 	Title:  Vice President

 

[Signature
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	 	PHOENIX HOTEL ASSOCIATES LIMITED PARTNERSHIP, a Delaware
    limited partnership, as a Subsidiary Guarantor
	 	 
	 	By:	Lepercq Corporate Income Fund II L.P., a Delaware
    limited partnership, its general partner
	 	
	 	 	By:	Lex GP-1 Trust, its general partner, a Delaware statutory
    trust
	 	 	 	 	 
	 	 	 	By:	/s/ Joseph S. Bonventre
	 	 	 	Name:  Joseph S. Bonventre
	 	 	 	Title:  Vice President
	 	 	 	 	 
	 	LEXINGTON/LION VENTURE L.P., a Delaware limited partnership,
    as a Subsidiary Guarantor
	 	 	 	 	 
	 	By:	LXP GP, LLC, a Delaware limited liability company,
    its general partner
	 	 	 	 	 
	 	 	By:  	LRA Manager Corp., a Delaware corporation, its manager
	 	 	 	 	 
	 	 	 	By:	/s/ Joseph S. Bonventre
	 	 	 	Name:  Joseph S. Bonventre
	 	 	 	Title:  Vice President
	 	 	 	 	 
	 	LRA MANAGER CORP. a Delaware corporation, as a Subsidiary
    Guarantor
	 	 	 	 	 
	 	By:	/s/ Joseph
    S. Bonventre
	 	 	Name: Joseph S. Bonventre
	 	 	Title: Vice President
	 	 	 	 	 
	 	Lexington Tennessee Holdings L.P.,
    a Delaware limited partnership, as a Subsidiary Guarantor
	 	 	 	 	 
	 	By:  	Lex GP-1 Trust, its general partner, a Delaware statutory
    trust
	 	 	 	 	 
	 	 	By:	/s/ Joseph
    S. Bonventre
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Vice President

 

[Signature
Page to Registration Rights Agreement]

 

    	 

    	 

    

 

 

	 	Lex Chillicothe GP LLC
	 	Lexington Lakewood Manager LLC
	 	Lexington Millington Manager LLC
	 	Lexington Columbus GP LLC
	 	Lex Shreveport GP LLC
	 	Lex St. Joseph GP LLC
	 	Lexington Acquiport Company, LLC
	 	Acquiport Winchester Manager LLC
	 	Acquiport 600 Manager LLC
	 	Acquiport 550 Manager LLC
	 	Lexington Waxahachie Manager LLC
	 	Lexington Acquiport Sierra LLC
	 	Lexington Southfield LLC
	 	Lexington TNI Westlake Manager LLC
	 	Lexington Bristol GP LLC
	 	Lexington Dulles Manager LLC
	 	Lexington Tampa GP LLC
	 	Lexington Bulverde Manager LLC
	 	Lexington Shelby GP LLC
	 	Lexington Olive Branch Manager LLC
	 	Lexington Florence Manager LLC
	 	Lexington Toy Trustee LLC
	 	Lexington Wallingford Manager LLC
	 	Lexington High Point Manager LLC
	 	Lex-Property Holdings LLC
	 	Lex GP Holding LLC
	 	Lex Westerville GP LLC
	 	Lexington Duncan Manager LLC
	 	Lexington Mlp Westerville Manager LLC
	 	LXP GP, LLC
	 	NK-ODW/Columbus Property Manager LLC
	 	NK-Lumberton Property Manager LLC
	 	NK-Cinn Hamilton Property Manager LLC
	 	Newkirk Gersant GP LLC
	 	Lex Phoenix GP LLC
	 	 
	 	Each, a Delaware limited liability company, as
    Subsidiary Guarantors
	 	 
	 	By: LRA Manager Corp., their Manager

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

 

[Signature
Page to Registration Rights Agreement]

 

    	 

    	 

    

 

	 	Newkirk Jacway GP LLC
	 	Newkirk Liroc GP LLC
	 	Newkirk Avrem GP LLC
	 	Newkirk Walando GP LLC
	 	Lexington Allen Manager LLC
	 	Lex Rock Hill GP LLC
	 	Lexington Lion Cary GP LLC
	 	Lexington Lion Plymouth GP LLC
	 	Lexington Collierville Manager LLC
	 	Lexington Louisville Manager LLC
	 	Lexington Lake Forest Manager LLC
	 	Lexington Centennial Manager LLC
	 	Newkirk MLP Unit LLC
	 	MLP Unit Pledge GP LLC
	 	LSAC General Partner LLC
	 	LSAC Crossville Manager LLC
	 	Lex Jessup GP LLC
	 	Newkirk Clifmar GP LLC
	 	Newkirk Salistown GP LLC
	 	Newkirk Dalhill GP LLC
	 	Newkirk Carolion GP LLC
	 	Newkirk Superwest GP LLC
	 	Newkirk Elway GP LLC
	 	Newkirk Johab GP LLC
	 	Newkirk Washtex GP LLC
	 	Newkirk Basot GP LLC
	 	Newkirk Lanmar GP LLC
	 	Newkirk JLE Way GP LLC
	 	Newkirk Altenn GP LLC
	 	Lexington Durham LLC

  

	 	Each, a Delaware limited liability
    company, as Subsidiary Guarantors
	 	 
	 	By: LRA Manager Corp., their Manager

  

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

 

[Signature
Page to Registration Rights Agreement]

 

    	 

    	 

    

 

	 	Lex Missouri City GP LLC
	 	Lex Opelika GP LLC
	 	Lex Valdosta GP LLC
	 	Lexington American Way LLC
	 	Lexington Antioch Manager LLC
	 	Lexington Hampton LLC
	 	LSAC Oklahoma City Manager LLC
	 	LSAC Woodlands Manager LLC
	 	LMLP GP LLC
	 	Newkirk Croydon GP LLC
	 	Newkirk Denport GP LLC
	 	Newkirk Skoob GP LLC
	 	Newkirk Spokmont GP LLC
	 	NLSAF Mcdonough Manager LLC
	 	Triple Net Investment Company LLC
	 	Xel Florence GP LLC
	 	Acquiport Temperance LLC
	 	Acquiport Milford LLC
	 	Lexington Marshall LLC
	 	Lexington Palm Beach LLC
	 	Lexington OC LLC
	 	Net 1 Phoenix L.L.C.
	 	Lexington Canton LLC
	 	Net 2 Hampton LLC
	 	Net 1 Henderson LLC
	 	Savannah Waterfront Hotel LLC
	 	Lexington Fort Mill Manager LLC
	 	Acquiport Laurens LLC
	 	LSAC Eau Claire Manager LLC
	 	NLSAF Marshall GP LLC
	 	Lexington Minneapolis LLC
	 	Net 2 Cox LLC
	 	Lexington Livonia L.L.C.
	 	 
	 	Each, a Delaware limited liability company, as
    Subsidiary Guarantors
	 	 
	 	By: LRA Manager Corp., their Manager

  

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

 

[Signature
Page to Registration Rights Agreement]

 

    	 

    	 

    

 

	 	Lexington Glendale Manager LLC
	 	Lexington TNI Des Moines Manager LLC
	 	Lexington Foxboro I LLC
	 	Newkirk Elport GP LLC
	 	Newkirk Syrcar GP LLC
	 	NLSAF Jacksonville GP LLC
	 	Newkirk Bluff GP LLC
	 	Lex-Eastgar GP LLC
	 	LSAC Pascagoula Manager LLC
	 	NLSAF Tampa GP LLC
	 	Lex Eugene GP LLC
	 	 
	 	Each, a Delaware limited liability company, as
    Subsidiary Guarantors

 

	 	By:	LRA Manager Corp., their Manager

  

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

 

	 	Lex Chillicothe L.P.
	 	By: Lex Chillicothe GP LLC, its general partner
	 	 
	 	Lexington Lakewood
    L.P.
	 	By: Lexington
    Lakewood Manager LLC, its general partner
	 	 
	 	Lexington Millington
    L.P.
	 	By:  Lexington
    Millington Manager LLC, its general partner
	 	 
	 	Lexington Columbus
    L.P.
	 	By:  Lexington
    Columbus GP LLC, its general partner
	 	 
	 	Each,
    a Delaware limited partnership, as Subsidiary Guarantors
	 	 
	 	By:
    LRA Manager Corp., Manager of the general partners

 

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

 

[Signature
Page to Registration Rights Agreement]

 

    	 

    	 

    

 

	 	Lex Shreveport L.P.
	 	By:	Lex Shreveport GP LLC, its general partner
	 	 	 
	 	Lex St. Joseph L.P.
	 	By:	Lex St. Joseph GP LLC, its general partner
	 	 
	 	Lexington Waxahachie L.P.
	 	By:  	Lexington Waxahachie Manager LLC, its general partner
	 	 	 
	 	Lexington Acquiport Colinas L.P.
	 	By:	Lexington Acquiport Sierra LLC, its general partner
	 	 	 
	 	Federal Southfield Limited Partnership
	 	By:	Lexington Southfield LLC, its general partner
	 	 	 
	 	Lexington TNI Westlake L.P.
	 	By:	Lexington TNI Westlake Manager LLC, its general partner
	 	 	 
	 	Lexington Bristol L.P.
	 	By:	Lexington Bristol GP LLC, its general partner
	 	 	 
	 	Lexington Tampa L.P.
	 	By:	Lexington Tampa GP LLC, its general partner
	 	 	 
	 	Lexington Bulverde L.P.
	 	By:	Lexington Bulverde Manager LLC, its general partner
	 	 	 
	 	Lexington Shelby L.P.
	 	By:	Lexington Shelby GP LLC, its general partner
	 	 	 
	 	Each, a Delaware limited partnership,
    as Subsidiary Guarantors
	 	 	 
	 	By: 	LRA Manager Corp., Manager of the general partners

 

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

 

[Signature
Page to Registration Rights Agreement]

 

    	 

    	 

    

 

	 	Lexington Toy Lynwood L.P.
	 	Lexington Toy Clackamas L.P.
	 	Lexington Toy Tulsa L.P.
	 	Each By: Lexington Toys Trustee LLC, its general partner

 

	 	Lex Westerville L.P.
	 	By:	Lex Westerville GP LLC, its general partner
	 	 	 
	 	Lexington Duncan L.P.
	 	By:	Lexington Duncan Manager LLC, its general partner
	 	 	 
	 	Lexington MLP Westerville L.P.
	 	By:  	Lexington MLP Westerville Manager LLC, its general partner
	 	 	 
	 	Newkirk Gersant L.P.
	 	By:	Newkirk Gersant GP LLC, its general partner
	 	 	 
	 	Newkirk Jacway L.P.
	 	By:	Newkirk Jacway GP LLC, its general partner
	 	 	 
	 	Newkirk Liroc L.P.
	 	By:	Newkirk Liroc GP LLC, its general partner
	 	 	 
	 	Newkirk Avrem L.P.
	 	By:	Newkirk Avrem GP LLC, its general partner
	 	 	 
	 	Newkirk Walando L.P.
	 	By:	Newkirk Walando GP LLC, its general partner
	 	 	 
	 	Lex Phoenix L.P.
	 	By:  	Lex Phoenix GP LLC, its general partner
	 	 	 
	 	Each, a Delaware limited partnership,
    as Subsidiary Guarantors
	 	 	 
	 	By: 	LRA Manager Corp., Manager of the general partners

  

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

 

[Signature
Page to Registration Rights Agreement]

 

    	 

    	 

    

 

	 	Lexington Allen L.P.
	 	By:	Lexington Allen Manager LLC, its general partner
	 	 	 
	 	Lex Rock Hill L.P.
	 	By:	Lex Rock Hill GP LLC, its general partner
	 	 	 
	 	Lexington Lion Cary L.P.
	 	By:	Lexington Lion Cary GP LLC, its general partner
	 	 	 
	 	Lexington Lion Plymouth L.P.
	 	By:	Lexington Lion Plymouth GP LLC, its general partner
	 	 	 
	 	Lexington Collierville L.P.
	 	By:  	Lexington Collierville Manager LLC, its general partner
	 	 	 
	 	Lexington Louisville L.P.
	 	By:  	Lexington Louisville Manager LLC, its general partner
	 	 	 
	 	Lexington Lake Forest L.P.
	 	By:	Lexington Lake Forest Manager LLC, its general partner
	 	 	 
	 	LSAC Crossville L.P.
	 	By:	LSAC Crossville Manager LLC, its general partner
	 	 	 
	 	Lex Jessup L.P.
	 	By:	Lex Jessup GP LLC, its general partner
	 	 	 
	 	Each, a Delaware limited partnership,
    as Subsidiary Guarantors
	 	 	 
	 	By: 	LRA Manager Corp., Manager of the general partners

  

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

 

[Signature
Page to Registration Rights Agreement]

 

    	 

    	 

    

 

	 	Newkirk Clifmar L.P.
	 	By:	Newkirk Clifmar GP LLC, its general partner
	 	 	 
	 	Newkirk Salistown L.P.
	 	By:	Newkirk Salistown GP LLC, its general partner
	 	 	 
	 	Newkirk Dalhill L.P.
	 	By:	Newkirk Dalhill GP LLC, its general partner
	 	 	 
	 	Newkirk Carolion L.P.
	 	By:	Newkirk Carolion GP LLC, its general partner
	 	 	 
	 	Newkirk Superwest L.P.
	 	By:	Newkirk Superwest GP LLC, its general partner
	 	 	 
	 	Newkirk Elway L.P.
	 	By:	Newkirk Elway GP LLC, its general partner
	 	 
	 	Newkirk Johab L.P.
	 	By:	Newkirk Johab GP LLC, its general partner
	 	 	 
	 	Newkirk Washtex L.P.
	 	By:	Newkirk Washtex GP LLC, its general partner
	 	 	 
	 	Newkirk Basot L.P.
	 	By:	Newkirk Basot GP LLC, its general partner
	 	 	 
	 	Newkirk Lanmar L.P.
	 	By:	Newkirk Lanmar GP LLC, its general partner
	 	 	 
	 	Newkirk JLE Way L.P.
	 	By:	Newkirk JLE Way GP LLC, its general partner
	 	 	 
	 	Each, a Delaware limited partnership,
    as Subsidiary Guarantors
	 	 	 
	 	By: 	LRA Manager Corp., Manager of the general partners

  

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

 

[Signature
Page to Registration Rights Agreement]

 

    	 

    	 

    

 

	 	Newkirk Altenn L.P.
	 	By:	Newkirk Altenn GP LLC, its general partner
	 	 	 
	 	LSAC Eau Claire L.P.
	 	By:	LSAC Eau Claire Manager LLC, its general partner
	 	 	 
	 	NLSAF Marshall L.P.
	 	By:	NLSAF Marshall GP LLC, its general partner
	 	 	 
	 	Lexington TNI Des Moines L.P.
	 	By:	Lexington TNI Des Moines Manager LLC, its general partner
	 	 	 
	 	Newkirk Elport L.P.
	 	By:	Newkirk Elport GP LLC, its general partner
	 	 	 
	 	Newkirk Syrcar L.P.
	 	By:	Newkirk Syrcar GP LLC, its general partner
	 	 	 
	 	NLSAF Jacksonville L.P.
	 	By:	NLSAF Jacksonville GP LLC, its general partner
	 	 	 
	 	Newkirk Bluff L.P.
	 	By:	Newkirk Bluff GP LLC, its general partner
	 	 	 
	 	Lex-Eastgar L.P.
	 	By:	Lex-Eastgar GP LLC, its general partner
	 	 	 
	 	LSAC Pascagoula L.P.
	 	By:	LSAC Pascagoula Manager LLC, its general partner
	 	 	 
	 	NLSAF Tampa L.P.
	 	By:	NLSAF Tampa GP LLC, its general partner
	 	 	 
	 	Each, a Delaware limited partnership,
    as Subsidiary Guarantors
	 	 	 
	 	By: 	LRA Manager Corp., Manager of the general partners

  

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

 

[Signature
Page to Registration Rights Agreement]

 

    	 

    	 

    

 

	 	Lexington Durham Limited Partnership
	 	By:	Lexington Durham LLC, its sole general partner
	 	 	 
	 	Lex Eugene L.P.
	 	By:	Lex Eugene GP LLC, its general partner
	 	 	 
	 	Lex Missouri City L.P.
	 	By:	Lex Missouri City GP LLC, its general partner
	 	 	 
	 	Lex Opelika L.P.
	 	By:	Lex Opelika GP LLC, its general partner
	 	 	 
	 	Lex Valdosta L.P.
	 	By:	Lex Valdosta GP LLC, its general partner
	 	 	 
	 	LSAC Oklahoma City L.P.
	 	By:	LSAC Oklahoma City Manager LLC, its general partner
	 	 	 
	 	LSAC Woodlands L.P.
	 	By:	LSAC Woodlands Manager LLC, its general partner
	 	 	 
	 	Newkirk Croydon L.P.
	 	By:	Newkirk Croydon GP LLC, its general partner
	 	 	 
	 	Newkirk Denport L.P.
	 	By:	Newkirk Denport GP LLC, its general partner
	 	 	 
	 	Newkirk Skoob L.P.
	 	By:	Newkirk Skoob GP LLC, its general partner
	 	 	 
	 	Each, a Delaware limited partnership,
    as Subsidiary Guarantors
	 	 	 
	 	By: 	LRA Manager Corp., Manager of the general partners

  

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

 

[Signature
Page to Registration Rights Agreement]

 

    	 

    	 

    

 

	 	Newkirk Spokmont L.P. 
	 	By: 	Newkirk Spokmont GP LLC, its general partner
	 	 
	 	NLSAF Mcdonough L.P. 
	 	By:	 NLSAF McDonough Manager LLC, its general partner
	 	 
	 	Xel Florence L.P. 
	 	By:	 Xel Florence GP LLC, its general partner
	 	 
	 	Net Lease Strategic Assets Fund L.P. 
	 	By:	 LMLP GP LLC, its general partner
	 	 
	 	Each, a Delaware limited partnership, as Subsidiary Guarantors
	 	By:	 LRA Manager Corp., Manager of the general partners
	 	 	 
	 	By:	/s/ Joseph S. Bonventre
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Vice President
	 	 	 
	 	Acquiport Winchester LLC 
	 	By:	 Acquiport Winchester Manager LLC, its sole member
	 	 
	 	Acquiport Lake Mary 600 LLC 
	 	By: 	Acquiport 600 Manager LLC, its sole member
	 	 
	 	Acquiport Lake Mary 550 LLC 
	 	By: 	Acquiport 550 Manager LLC, its sole member
	 	 
	 	Each, a Delaware limited liability company, as Subsidiary Guarantors
	 	By: 	LRA Manager Corp., Manager of the general partners
	 	 	 
	 	By:	/s/ Joseph S. Bonventre
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Vice President

 

[Signature Page to Registration Rights
Agreement]

 

    	 

    	 

    

  

	 	Lexington Dulles LLC 
	 	By:	 Lexington Dulles Manager LLC, its sole member
	 	 
	 	Lexington Olive Branch LLC 
	 	By: 	Lexington Olive Branch Manager LLC, its sole member
	 	 
	 	Lexington Florence LLC 
	 	By: 	Lexington Florence Manager LLC, its sole member
	 	 
	 	Lexington Wallingford LLC 
	 	By: 	Lexington Wallingford Manager LLC, its sole member
	 	 
	 	Lexington High Point LLC 
	 	By:	 Lexington High Point Manager LLC, its sole member
	 	 
	 	Lexington Fort Mill LLC 
	 	By: 	Lexington Fort Mill Manager LLC, its sole member
	 	 
	 	NK-ODW/Columbus Property LLC 
	 	By:	NK-ODW/Columbus Property Manager LLC, its sole member
	 	 
	 	NK-Lumberton Property LLC 
	 	By: 	NK-Lumberton Property Manager LLC, its sole member
	 	 
	 	NK-Cinn Hamilton Property LLC 
	 	By:	 NK-CINN Hamilton Property Manager LLC, its sole member
	 	 
	 	Each, a Delaware limited liability company, as Subsidiary Guarantors
	 	 
	 	By: 	LRA Manager Corp., Manager of the general partners
	 	 	 
	 	By:	/s/ Joseph S. Bonventre
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Vice President

 

[Signature Page to Registration Rights
Agreement]

 

    	 

    	 

    

  

	 	Lexington Centennial LLC 
	 	By: 	Lexington Centennial Manager LLC, its general partner
	 	 
	 	Lexington Glendale LLC 
	 	By: 	Lexington Glendale Manager LLC, its sole member
	 	 
	 	Lexington Antioch LLC 
	 	By: 	Lexington Antioch Manager LLC, its sole member
	 	 
	 	Each, a Delaware limited liability company, as Subsidiary Guarantors
	 	By: 	LRA Manager Corp., Manager of the general partners
	 	 	 
	 	By:	/s/ Joseph S. Bonventre
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Vice President
	 	 	 
	 	Acquiport Brea Manager LLC
	 	Lexington TNI Irving Manager LLC
	 	Lexington Gears Manager LLC
	 	Lexington Tempe Manager LLC
	 	Lexington Memphis (JVF) Manager LLC
	 	Lexington Las Vegas (VEGPOW) Manager LLC
	 	Lexington Columbus (Jackson Street) Manager LLC
	 	Lex Houston GP LLC
	 	Lexington Knoxville Manager LLC
	 	Lexington Foxboro II LLC
	 	 
	 	Each, a Delaware limited liability company, as Subsidiary Guarantor
	 	 	 
	 	By:	LRA Manager Corp., a Delaware corporation, their manager

 

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

 

[Signature Page to Registration Rights
Agreement]

 

    	 

    	 

    

  

	 	Acquiport Brea L.P.
	 	By:  	Acquiport Brea Manager LLC, its general partner
	 	 
	 	Lexington TNI Irving L.P.
	 	By:  	Lexington TNI Irving Manager LLC, its general partner
	 	 	 
	 	Lexington Gears L.P.
	 	By:  	Lexington Gears Manager LLC, its general partner
	 	 
	 	Lexington Tempe L.P.
	 	By:  	Lexington Tempe Manager LLC, its general partner
	 	 
	 	Lex Houston L.P.
	 	By:  	Lex Houston GP LLC, its general partner
	 	 
	 	Lexington Columbus (Jackson Street) L.P.
	 	By:   	Lexington Columbus (Jackson Street)  Manager LLC, its general partner
	 	 
	 	Lexington Las Vegas (VEGPOW) L.P.
	 	By:  	Lexington Las Vegas (VEGPOW) Manager LLC, its general partner
	 	 
	 	Lexington Memphis (JVF) L.P.
	 	By:  	Lexington Memphis (JVF) Manager LLC, its general partner
	 	 
	 	Each, a Delaware limited partnership, as Subsidiary Guarantor
	 	 
	 	By:  	LRA Manager Corp., a Delaware corporation, manager of the general partners

 

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

 

[Signature Page to Registration Rights
Agreement]

 

    	 

    	 

    

  

	 	Lexington Knoxville LLC, a Delaware limited liability company, as a Subsidiary Guarantor
	 	By:  	Lexington Knoxville Manager LLC, its member

 

	 	By:  	LRA Manager Corp., a Delaware corporation, manager of the member

 

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

  

	 	Lexington Acquiport Fishers LLC
	 	Lexington Arlington Manager LLC
	 	Lexington Redmond Manager LLC
	 	Lexington Moody LLC,
	 	Lexington Fort Mill II Manager LLC,
	 	 
	 	Each, a Delaware limited liability company, as a Subsidiary Guarantor

 

	 	By:	LRA Manager Corp., a Delaware corporation, their manager

 

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

 

[Signature Page to Registration Rights
Agreement]

 

    	 

    	 

    

  

	 	LEXINGTON ARLINGTON L.P.,
	 	By:  	Lexington Arlington Manager LLC, its general partner
	 	 
	 	LEXINGTON MOODY L.P.
	 	By:  	Lexington Moody LLC, its general partner
	 	 
	 	LEXINGTON FORT MILL II LLC,
	 	By:  	Lexington Fort Mill II Manager LLC, a Delaware limited liability company, its member
	 	 
	 	LEXINGTON REDMOND LLC,
	 	By:  	Lexington Redmond LLC, its member
	 	 
	 	Each, a Delaware limited partnership, as a Subsidiary Guarantor
	 	 
	 	By:  	LRA Manager Corp., a Delaware corporation, manager of the general partners

 

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

 

[Signature Page to Registration Rights
Agreement]

 

    	 

    	 

    

  

The foregoing Agreement
is hereby confirmed and accepted as of the date first above written.

 

	WELLS FARGO SECURITIES, LLC	 
	 	 	 
	By:	/s/ Carolyn Hurley	 
	 	Name: Carolyn Hurley	 
	 	Title: Director	 

 

For itself and the other several Initial Purchasers.

 

[Signature Page to Registration Rights
Agreement]

 

    	 

    	 

    

  

	J.P. Morgan Securities LLC	 
	 	 	 
	By:	/s/ Robert Bottamedi	 
	 	Name: Robert Bottamedi	 
	 	Title:  Vice President	 

 

For itself and the other several Initial Purchasers.

 

[Signature Page to Registration Rights
Agreement]

 

    	 

    	 

    

 

SCHEDULE A

 

Guarantors

 

	Acquiport 550 Manager LLC
	Acquiport 600 Manager LLC
	Acquiport Lake Mary 550 LLC
	Acquiport Lake Mary 600 LLC
	Acquiport Laurens LLC
	Acquiport Milford LLC
	Acquiport Temperance LLC
	Acquiport Winchester LLC
	Acquiport Winchester Manager LLC
	Federal Southfield Limited Partnership
	Lepercq Corporate Income Fund II L.P.
	Lepercq Corporate Income Fund L.P.
	Lex Chillicothe GP LLC
	Lex Chillicothe L.P.
	Lex Eugene GP LLC
	Lex Eugene L.P.
	Lex GP Holding LLC
	Lex GP-1 Trust
	Lex Jessup GP LLC
	Lex Jessup L.P.
	Lex LP-1 Trust
	Lex Missouri City GP LLC
	Lex Missouri City LP
	Lex Opelika GP LLC
	Lex Opelika L.P.
	Lex Phoenix GP LLC
	Lex Phoenix L.P.
	Lex Rock Hill GP LLC 
	Lex Rock Hill L.P.
	Lex Shreveport GP LLC
	Lex Shreveport L.P.
	Lex St. Joseph GP LLC
	Lex St. Joseph L.P.
	Lex Valdosta GP LLC
	Lex Valdosta L.P.
	Lex Westerville GP LLC
	Lex Westerville L.P.
	Lex-Eastgar GP LLC
	Lex-Eastgar LP

 

    	 

    	 

    

  

	Lexington Acquiport Colinas L.P.
	Lexington Acquiport Company, LLC
	Lexington Acquiport Sierra LLC
	Lexington Allen L.P.
	Lexington Allen Manager LLC
	Lexington American Way LLC
	Lexington Antioch LLC
	Lexington Antioch Manager LLC
	Lexington Bristol GP LLC
	Lexington Bristol L.P.
	Lexington Bulverde L.P.
	Lexington Bulverde Manager LLC
	Lexington Canton LLC
	Lexington Centennial LLC
	Lexington Centennial Manager LLC
	Lexington Collierville L.P.
	Lexington Collierville Manager LLC
	Lexington Columbus GP LLC
	Lexington Columbus L.P.
	Lexington Dulles LLC
	Lexington Dulles Manager LLC
	Lexington Duncan L.P.
	Lexington Duncan Manager LLC
	Lexington Durham LLC
	Lexington Durham Limited Partnership
	Lexington Florence LLC
	Lexington Florence Manager LLC
	Lexington Fort Mill LLC
	Lexington Fort Mill Manager LLC
	Lexington Foxoboro I LLC
	Lexington Glendale LLC
	Lexington Glendale Manager LLC
	Lexington Hampton LLC
	Lexington High Point LLC 
	Lexington High Point Manager LLC
	Lexington Lake Forest L.P.
	Lexington Lake Forest Manager LLC
	Lexington Lakewood L.P.
	Lexington Lakewood Manager LLC
	Lexington Lion Cary GP LLC
	Lexington Lion Cary L.P.
	Lexington Lion Plymouth GP LLC
	Lexington Lion Plymouth L.P.

 

    	Schedule A

    	 

    

  

	Lexington Livonia LLC
	Lexington Livonia LLC (con't)
	Lexington Louisville L.P.
	Lexington Louisville Manager LLC
	Lexington Marshall LLC
	Lexington Millington L.P.
	Lexington Millington Manager LLC
	Lexington Minneapolis LLC
	Lexington MLP Westerville L.P.
	Lexington MLP Westerville Manager LLC
	Lexington OC LLC
	Lexington Olive Branch LLC
	Lexington Olive Branch Manager LLC
	Lexington Palm Beach LLC
	Lexington Realty Advisors, Inc.
	Lexington Realty Trust
	Lexington Shelby GP LLC
	Lexington Shelby L.P.
	Lexington Southfield LLC
	Lexington Tampa GP LLC
	Lexington Tampa L.P.
	Lexington Tennessee Holdings L.P.
	Lexington TNI Des Moines LP
	Lexington TNI Des Moines Manager LLC
	Lexington TNI Westlake L.P.
	Lexington TNI Westlake Manager LLC
	Lexington Toy Clackamus L.P.
	Lexington Toy Lynwood L.P.
	Lexington Toy Trustee LLC
	Lexington Toy Tulsa L.P.
	Lexington Wallingford LLC 
	Lexington Wallingford Manager LLC
	Lexington Waxahachie L.P.
	Lexington Waxahachie Manager LLC
	Lexington/Lion Venture L.P.
	Lex-Property Holdings LLC 
	LMLP GP LLC
	LRA Manager Corp.
	LSAC Crossville L.P.
	LSAC Crossville Manager LLC
	LSAC Eau Claire L.P.
	LSAC Eau Claire Manager LLC
	LSAC General Partner LLC

 

    	Schedule A

    	 

    

  

	LSAC Oklahoma City L.P.
	LSAC Oklahoma City Manager LLC
	LSAC Operating Partnership L.P.
	LSAC Pascagoula LP
	LSAC Pascagoula Manager LLC
	LSAC Woodlands L.P.
	LSAC Woodlands Manager LLC
	LXP GP LLC
	MLP Unit Pledge GP LLC
	MLP Unit Pledge L.P.
	Net 1 Henderson LLC
	Net 1 Phoenix LLC
	Net 2 Cox LLC
	Net 2 Hampton LLC
	Net Lease Strategic Assets Fund L.P.
	Newkirk Altenn GP LLC
	Newkirk Altenn L.P.
	Newkirk Avrem GP LLC
	Newkirk Avrem L.P.
	Newkirk Basot GP LLC
	Newkirk Basot L.P.
	Newkirk Bluff GP LLC
	Newkirk Bluff L.P.
	Newkirk Carolion GP LLC
	Newkirk Carolion L.P.
	Newkirk Clifmar GP LLC
	Newkirk Clifmar L.P.
	Newkirk Croydon GP LLC
	Newkirk Croydon L.P.
	Newkirk Dalhill GP LLC
	Newkirk Dalhill L.P.
	Newkirk Denport GP LLC
	Newkirk Denport L.P.
	Newkirk Elport GP LLC
	Newkirk Elport L.P.
	Newkirk Elway GP LLC
	Newkirk Elway L.P.
	Newkirk Gersant GP LLC
	Newkirk Gersant L.P.
	Newkirk Jacway GP LLC
	Newkirk Jacway L.P.
	Newkirk JLE Way GP LLC
	Newkirk JLE Way L.P.

 

    	Schedule A

    	 

    

  

	Newkirk Johab GP LLC
	Newkirk Johab L.P.
	Newkirk Lanmar GP LLC
	Newkirk Lanmar L.P.
	Newkirk Liroc GP LLC
	Newkirk Liroc L.P.
	Newkirk MLP Unit LLC
	Newkirk Salistown GP LLC
	Newkirk Salistown L.P.
	Newkirk Skoob GP LLC
	Newkirk Skoob L.P.
	Newkirk Spokmont GP LLC
	Newkirk Spokmont L.P.
	Newkirk Superwest GP LLC
	Newkirk Superwest L.P.
	Newkirk Syrcar GP LLC
	Newkirk Syrcar LP
	Newkirk Walando GP LLC
	Newkirk Walando L.P.
	Newkirk Washtex GP LLC 
	Newkirk Washtex L.P.
	NK-CINN Hamilton Property LLC
	NK-CINN Hamilton Property Manager LLC
	NK-Lumberton Property LLC
	NK-Lumberton Property Manager LLC
	NK-ODW/Columbus Property LLC
	NK-ODW/Columbus Property Manager LLC
	NLSAF Jacksonville GP LLC
	NLSAF Jacksonville L.P.
	NLSAF Marshall GP LLC
	NLSAF Marshall LP
	NLSAF McDonough L.P.
	NLSAF McDonough Manager LLC
	NLSAF Tampa GP LLC
	NLSAF Tampa L.P.
	Phoenix Hotel Associates Limited Partnership
	Savannah Waterfront Hotel LLC
	Triple Net Investment Company LLC
	Xel Florence GP LLC
	Xel Florence L.P.
	Acquiport Brea L.P.
	Acquiport Brea Manager LLC

 

    	Schedule A

    	 

    

  

	Lexington TNI Irving L.P.
	Lexington TNI Irving  Manager LLC
	Lexington Gears L.P.
	Lexington Gears Manager LLC
	Lexington Tempe L.P.
	Lexington Tempe Manager LLC
	Lexington Redmond LLC
	Lexington Redmond Manager LLC
	Lexington Fort Mill II LLC
	Lexington Fort Mill II Manager LLC
	Lexington Moody L.P.
	Lexington Moody LLC
	Lexington Arlington L.P.
	Lexington Arlington Manager LLC
	Lexington Acquiport Fishers LLC
	Lexington Memphis (JVF) L.P.
	Lexington Memphis (JVF) Manager LLC
	Lexington Columbus (Jackson Street) L.P.
	Lexington Columbus (Jackson Street) Manager LLC
	Lexington Las Vegas (VEGPOW)  L.P.
	Lexington Las Vegas (VEGPOW)  Manager LLC
	Lex Houston L.P.
	Lex Houston GP LLC 
	Lexington Knoxville LLC
	Lexington Knoxville Manager LLC
	Lexington Foxboro II LLC

    	Schedule A

    	 

    

 

SCHEDULE B

 

Initial Purchasers

 

	Wells Fargo Securities, LLC
	J.P. Morgan Securities LLC
	Barclays Capital Inc.
	Merrill Lynch,
Pierce, Fenner & Smith
	Incorporated
	KeyBanc Capital Markets Inc.
	Capital One Southcoast, Inc.
	PNC Capital Markets LLC
	Regions Securities LLC
	TD Securities (USA) LLC
	Fifth Third Securities, Inc.
	RBS Securities Inc.
	U.S. Bancorp Investments, Inc.
	BB&T Capital Markets, a division of BB&T Securities,
LLCExhibit 4.3

 

 

LEXINGTON REALTY TRUST,

Issuer,

 

CERTAIN SUBSIDIARIES OF LEXINGTON REALTY
TRUST,

 

Subsidiary Guarantors,

 

and

 

U.S. BANK NATIONAL ASSOCIATION,

Trustee

 

TENTH SUPPLEMENTAL INDENTURE

 

Dated as of June 13, 2013

 

6.00% Convertible Guaranteed Notes due
2030

 

 

    	 

    	 

    

 

 

TENTH SUPPLEMENTAL INDENTURE

 

THIS TENTH SUPPLEMENTAL
INDENTURE (this “Tenth Supplemental Indenture”), is entered into as of June 13, 2013, among LEXINGTON REALTY
TRUST, a Maryland real estate investment trust (the “Issuer”), CERTAIN SUBSIDIARIES OF THE ISSUER SIGNATORIES HERETO
(including subsidiaries of the Issuer subsequently becoming guarantors, the “Subsidiary Guarantors” or the “Guarantors”)
and U.S. BANK NATIONAL ASSOCIATION, a national banking association duly organized and existing under the laws of the United States,
as Trustee hereunder (the “Trustee”), having its Corporate Trust Office at 100 Wall Street, Suite 1600, New York, New
York 10005.

 

WHEREAS, the Issuer,
the Guarantors and the Trustee entered into that certain Indenture dated as of January 29, 2007 (the “Original Indenture”),
relating to the Issuer’s unsecured debt securities authenticated and delivered under the Original Indenture;

 

WHEREAS, pursuant to
Section 301 of the Original Indenture, the Issuer, the Subsidiary Guarantors and the Trustee established the terms of a series
of Securities entitled the “5.45% Exchangeable Guaranteed Notes due 2027” of the Issuer in respect of which the Subsidiary
Guarantors are guarantors (the “5.45% Notes”) pursuant to that First Supplemental Indenture dated as of January 29,
2007 among the Issuer, the Subsidiary Guarantors and the Trustee (the “First Supplemental Indenture”);

 

WHEREAS, pursuant to
Section 2.02 of the First Supplemental Indenture and Section 303 of the Original Indenture, the Issuer, the Subsidiary Guarantors
and the Trustee increased the aggregate principal amount of the 5.45% Notes by the issuance of Additional Notes pursuant to that
Second Supplemental Indenture dated as of March 9, 2007 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Second
Supplemental Indenture”);

 

WHEREAS, pursuant to
Section 901(9) of the Original Indenture, the Issuer, the Subsidiary Guarantors and the Trustee amended certain provisions of the
Indenture to correct a provision in the Indenture which was defective or inconsistent with any other provision therein pursuant
to that Third Supplemental Indenture dated as of June 19, 2007 among the Issuer, the Subsidiary Guarantors and the Trustee (the
“Third Supplemental Indenture”);

 

WHEREAS, pursuant to
Section 901(1) of the Original Indenture, the Issuer, the Subsidiary Guarantors and the Trustee amended certain provisions of the
Indenture to evidence the succession of Lexington Realty Trust to The Lexington Master Limited Partnership and the assumption by
Lexington Realty Trust of the covenants of the Issuer, therein and in the Securities pursuant to that Fourth Supplemental Indenture
dated as of December 31, 2008 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Fourth Supplemental Indenture”);

 

WHEREAS, the Issuer entered
into that certain Credit Agreement, dated as of February 13, 2009 (the “Original Credit Agreement”), among the Issuer,
Lepercq Corporate Income Fund L.P., Lepercq Corporate Income Fund II L.P., and Net 3 Acquisition L.P., jointly and severally as
borrowers, KeyBank National Association, as agent, and each of the financial institutions initially a signatory thereto together
with their assignees pursuant to Section 12.5 therein;

 

    	 

    	 

    

 

WHEREAS, pursuant to
Sections 901(2) and 1405 of the Original Indenture, certain subsidiaries of the Issuer that became Lexington Credit Agreement Obligors
in connection with the Original Credit Agreement became Subsidiary Guarantors pursuant to that Fifth Supplement Indenture dated
as of June 9, 2009 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Fifth Supplement Indenture”);

 

WHEREAS, pursuant to
Section 301 of the Original Indenture, the Issuer, the Subsidiary Guarantors and the Trustee established the terms of a series
of Securities entitled the “6.00% Convertible Guaranteed Notes due 2030” of the Issuer in respect of which the Subsidiary
Guarantors are guarantors (the “6.00% Notes”) pursuant to that Sixth Supplemental Indenture dated as of January 26,
2010 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Sixth Supplement Indenture”);

 

WHEREAS, the Issuer entered
into that certain Amended and Restated Credit Agreement, dated as of January 13, 2012 (the “Amended and Restated Credit Agreement”),
among the Issuer, Lepercq Corporate Income Fund L.P. (“LCIF”), and Lepercq Corporate Income Fund II L.P. (“LCIFII”),
jointly and severally as borrowers, KeyBank National Association, as administrative agent (“KeyBank”), and each of
the financial institutions initially a signatory thereto together with their assignees pursuant to Section 12.5 therein;

 

WHEREAS, on January 20,
2012, the Issuer repurchased all outstanding 5.45% Notes pursuant to a holder repurchase option and, as a result, the First Supplemental
Indenture, the Second Supplemental Indenture and the Third Supplemental Indenture are of no further force and effect;

 

WHEREAS, pursuant to
Sections 901(2) and 1405 of the Original Indenture, certain subsidiaries of the Issuer that became Lexington Credit Agreement Obligors
in connection with the Amended and Restated Credit Agreement became Subsidiary Guarantors pursuant to that Seventh Supplement Indenture
dated as of September 28, 2012 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Seventh Supplement Indenture”);

 

WHEREAS, the Issuer entered
into that certain Second Amended and Restated Credit Agreement, dated as of February 12, 2013 (the “New Credit Agreement”),
among the Issuer, LCIF, and LCIFII, jointly and severally as borrowers, KeyBank, as administrative agent, and each of the financial
institutions initially a signatory thereto together with their assignees pursuant to Section 12.5 therein;

 

WHEREAS, the Issuer has
delivered an Officers’ Certificate to the Trustee designating the New Credit Agreement as the Lexington Credit Agreement
under the Indenture;

 

WHEREAS, pursuant to
Sections 901(2) and 1405 of the Original Indenture, certain subsidiaries of the Issuer that became Lexington Credit Agreement Obligors
in connection with the New Credit Agreement became Subsidiary Guarantors pursuant to that Eighth Supplement Indenture dated as
of February 13, 2013 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Eighth Supplement Indenture”);

 

    	2

    	 

    

 

WHEREAS, pursuant to
Sections 901(2) and 1405 of the Original Indenture, certain subsidiaries of the Issuer that became Lexington Credit Agreement Obligors
in connection with the New Credit Agreement became Subsidiary Guarantors pursuant to that Ninth Supplement Indenture dated as of
May 6, 2013 among the Issuer, the Subsidiary Guarantors and the Trustee (the “Ninth Supplement Indenture”; and, together
with the Original Indenture, the Fourth Supplement Indenture, the Fifth Supplement Indenture, the Sixth Supplement Indenture, Seventh
Supplement Indenture and the Ninth Supplement Indenture, the “Indenture”);

 

WHEREAS, in connection
with the New Credit Agreement and as of the date first set forth above, (1) the Subsidiary Guarantors listed on Exhibit A
hereto continue to be Lexington Credit Agreement Obligors (the “Existing Subsidiary Guarantors”), and (2) the Subsidiaries
of the Issuer listed on Exhibit B hereto, are Lexington Credit Agreement Obligors and are hereby added as Subsidiary Guarantors
(the “New Subsidiary Guarantors”);

 

WHEREAS, Section 1405
of the Indenture requires any Subsidiary of the Issuer that is organized in the United States, any of the States or the District
of Columbia and that was not a Lexington Credit Agreement Obligor and becomes a Lexington Credit Agreement Obligor, the Issuer
shall arrange for such Subsidiary to execute and deliver to the Trustee, a supplemental indenture pursuant to which such Subsidiary
Guarantor shall fully, unconditionally and irrevocably guarantee, as primary obligor and not merely as surety, to each Holder of
the Securities and the Trustee the full and punctual payment when due, whether at maturity, by acceleration, by redemption or otherwise,
of the Obligations; and

 

WHEREAS, the Issuer,
the Subsidiary Guarantors and the Trustee have duly authorized the execution and delivery of this instrument to amend the Indenture
as set forth herein and have done all things necessary to make this instrument a valid agreement of the parties hereto, in accordance
with its terms.

 

NOW, THEREFORE, in consideration
of the premises and the covenants and agreements contained herein, and for other good and valuable consideration the receipt of
which is hereby acknowledged, and for the equal and proportionate benefit of the Holders of the Notes, the Issuer, the Subsidiary
Guarantors and the Trustee agree as follows:

 

Article
One

DEFINITIONS

 

Section 1.1Definitions.
Capitalized terms used in this instrument and not otherwise defined herein shall have the meanings assigned to such terms in the
Indenture.

 

Article
Two

New SUBSIDIARY GUARANTORS

 

Section 2.1New
Subsidiary Guarantors. The New Subsidiary Guarantors fully, unconditionally and irrevocably guarantee, as primary obligor and
not merely as surety, to each Holder of the Securities and the Trustee the full and punctual payment when due, whether at maturity,
by acceleration, by redemption or otherwise, of the Obligations in accordance with the Indenture.

 

    	3

    	 

    

 

Article
Three

MISCELLANEOUS

 

Section 3.1Relation
to Original Indenture. This Tenth Supplemental Indenture supplements the Indenture, and shall be a part and subject to all
the terms thereof. Except as supplemented hereby, all of the terms, provisions and conditions of the Indenture, and the Securities
issued thereunder shall continue in full force and effect.

 

Section 3.2Concerning
the Trustee. The Trustee shall not be responsible for any recital herein (other than as they appear and as they apply to the
Trustee) as such recitals shall be taken as statements of the Issuer and the Subsidiary Guarantors, or the validity of the execution
by the Issuer or the Subsidiary Guarantors of this Tenth Supplemental Indenture. The Trustee makes no representations as to the
validity or sufficiency of this instrument.

 

Section 3.3Effect
of Headings. The Article and Section headings herein are for convenience of reference only and shall not affect the construction
hereof.

 

Section 3.4Counterparts.
This instrument may be executed in counterparts, each of which shall be deemed an original, but all of which shall together constitute
one and the same instrument.

 

Section 3.5Governing
Law. This instrument shall be governed by and construed in accordance with the laws of the State of New York.

 

[signature pages follow]

 

 

    	4

    	 

    

 

IN WITNESS WHEREOF, the
parties hereto have caused this Tenth Supplemental Indenture to be duly executed as of the day and year first above written.

 

	 	ISSUER:
	 	 
	 	LEXINGTON REALTY TRUST, a Maryland real estate investment trust, as Issuer of the Notes
	 	 
	 	By:	/s/ Joseph S. Bonventre
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Executive Vice President
	 	 	 
	 	SUBSIDARY GUARANTORS:
	 	 
	 	LEPERCQ CORPORATE INCOME FUND L.P.,
	 	a Delaware limited partnership, as a Subsidiary Guarantor
	 	 
	 	By:	Lex GP-1 Trust, its general partner, a Delaware statutory trust

 

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

 

	 	LEPERCQ CORPORATE INCOME FUND II L.P.,
	 	a Delaware limited partnership, as a Subsidiary Guarantor
	 	 
	 	By:	Lex GP-1 Trust, its general partner, a Delaware statutory trust

 

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

 

	 	Lex GP-1 Trust, a Delaware statutory trust,
	 	as a Subsidiary Guarantor
	 	 	 
	 	 	 
	 	By:	/s/ Joseph S. Bonventre
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Vice President

 

    	 

    	 

    

 

	 	Lex LP-1 Trust, a Delaware statutory trust,
	 	as a Subsidiary Guarantor
	 	 	 
	 	By:	/s/ Joseph S. Bonventre
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Vice President
	 	 	 
	 	Lexington Realty Advisors, Inc., a Delaware corporation, as a Subsidiary Guarantor
	 	 
	 	By:	/s/ Joseph S. Bonventre
	 	 	Name:  Joseph S. Bonventre
	 	 	Title:  Vice President

 

	 	lsac operating partnership l.p., a Delaware limited partnership, as a Subsidiary Guarantor
	 	 
	 	By:	LSAC General Partner LLC, a Delaware limited liability company, its general partner

 

	 	By:	LRA Manager Corp., a Delaware corporation, its manager

 

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

 

 

	 	MLP Unit pledge l.p., a Delaware limited partnership, as a Subsidiary Guarantor
	 	 
	 	By:	MLP Unit Pledge GP LLC, a Delaware limited liability company, its general partner

 

	 	By:	LRA Manager Corp., a Delaware corporation, its manager

 

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

 

    	 

    	 

    

 

	 	PHOENIX HOTEL ASSOCIATES LIMITED PARTNERSHIP, a Delaware limited partnership, as a Subsidiary Guarantor
	 	 
	 	By:	Lepercq Corporate Income Fund II L.P., a Delaware limited partnership, its general partner

 

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

 

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

 

	 	LEXINGTON/LION VENTURE L.P., a Delaware limited partnership, as a Subsidiary Guarantor
	 	 
	 	By:	 LXP GP, LLC, a Delaware limited liability company, its general partner

 

	 	By:	LRA Manager Corp., a Delaware corporation, its manager

 

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

 

	 	LRA MANAGER CORP. a Delaware corporation, as a Subsidiary Guarantor
	 	 	 
	 	By:	/s/ Joseph S. Bonventre
	 	 	Name: Joseph S. Bonventre 
	 	 	Title: Vice President
	 	 	 
	 	Lexington Tennessee Holdings L.P., a Delaware limited partnership, as a Subsidiary Guarantor 
	 	 	 
	 	By:  	Lex GP-1 Trust, its general partner, a Delaware statutory trust

 

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

 

    	 

    	 

    

 

	 	Lex Chillicothe GP LLC 
	 	Lexington Lakewood Manager LLC 
	 	Lexington Millington Manager LLC 
	 	Lexington Columbus GP LLC 
	 	Lex Shreveport GP LLC 
	 	Lex St. Joseph GP LLC 
	 	Lexington Acquiport Company, LLC 
	 	Acquiport Winchester Manager LLC 
	 	Acquiport 600 Manager LLC 
	 	Acquiport 550 Manager LLC 
	 	Lexington Waxahachie Manager LLC 
	 	Lexington Acquiport Sierra LLC 
	 	Lexington Southfield LLC 
	 	Lexington TNI Westlake Manager LLC 
	 	Lexington Bristol GP LLC 
	 	Lexington Dulles Manager LLC 
	 	Lexington Tampa GP LLC 
	 	Lexington Bulverde Manager LLC 
	 	Lexington Shelby GP LLC 
	 	Lexington Olive Branch Manager LLC 
	 	Lexington Florence Manager LLC 
	 	Lexington Toy Trustee LLC 
	 	Lexington Wallingford Manager LLC 
	 	Lexington High Point Manager LLC 
	 	Lex-Property Holdings LLC 
	 	Lex GP Holding LLC 
	 	Lex Westerville GP LLC 
	 	Lexington Duncan Manager LLC 
	 	Lexington Mlp Westerville Manager LLC 
	 	LXP GP, LLC 
	 	NK-ODW/Columbus Property Manager LLC 
	 	NK-Lumberton Property Manager LLC 
	 	NK-Cinn Hamilton Property Manager LLC 
	 	Newkirk Gersant GP LLC
	 	Lex Phoenix GP LLC 
	 	 
	 	Each, a Delaware limited liability company, as Subsidiary Guarantors

 

	 	By: 	LRA Manager Corp., their Manager

 

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

 

    	 

    	 

    

 

	 	Newkirk Jacway GP LLC
	 	Newkirk Liroc GP LLC 
	 	Newkirk Avrem GP LLC 
	 	Newkirk Walando GP LLC 
	 	Lexington Allen Manager LLC 
	 	Lex Rock Hill GP LLC 
	 	Lexington Lion Cary GP LLC 
	 	Lexington Lion Plymouth GP LLC 
	 	Lexington Collierville Manager LLC 
	 	Lexington Louisville Manager LLC 
	 	Lexington Lake Forest Manager LLC 
	 	Lexington Centennial Manager LLC 
	 	Newkirk MLP Unit LLC 
	 	MLP Unit Pledge GP LLC 
	 	LSAC General Partner LLC 
	 	LSAC Crossville Manager LLC 
	 	Lex Jessup GP LLC 
	 	Newkirk Clifmar GP LLC 
	 	Newkirk Salistown GP LLC 
	 	Newkirk Dalhill GP LLC 
	 	Newkirk Carolion GP LLC 
	 	Newkirk Superwest GP LLC 
	 	Newkirk Elway GP LLC 
	 	Newkirk Johab GP LLC 
	 	Newkirk Washtex GP LLC 
	 	Newkirk Basot GP LLC 
	 	Newkirk Lanmar GP LLC 
	 	Newkirk JLE Way GP LLC 
	 	Newkirk Altenn GP LLC 
	 	Lexington Durham LLC 
	 	 
	 	Each, a Delaware limited liability company, as Subsidiary Guarantors

 

	 	By: 	LRA Manager Corp., their Manager

 

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

 

    	 

    	 

    

 

	 	Lex Missouri City GP LLC
	 	Lex Opelika GP LLC 
	 	Lex Valdosta GP LLC 
	 	Lexington American Way LLC 
	 	Lexington Antioch Manager LLC 
	 	Lexington Hampton LLC 
	 	LSAC Oklahoma City Manager LLC 
	 	LSAC Woodlands Manager LLC 
	 	LMLP GP LLC 
	 	Newkirk Croydon GP LLC 
	 	Newkirk Denport GP LLC 
	 	Newkirk Skoob GP LLC 
	 	Newkirk Spokmont GP LLC 
	 	NLSAF Mcdonough Manager LLC 
	 	Triple Net Investment Company LLC 
	 	Xel Florence GP LLC 
	 	Acquiport Temperance LLC 
	 	Acquiport Milford LLC 
	 	Lexington Marshall LLC 
	 	Lexington Palm Beach LLC 
	 	Lexington OC LLC
	 	Net 1 Phoenix L.L.C. 
	 	Lexington Canton LLC 
	 	Net 2 Hampton LLC 
	 	Net 1 Henderson LLC 
	 	Savannah Waterfront Hotel LLC
	 	Lexington Fort Mill Manager LLC 
	 	Acquiport Laurens LLC 
	 	LSAC Eau Claire Manager LLC 
	 	NLSAF Marshall GP LLC 
	 	Lexington Minneapolis LLC 
	 	Net 2 Cox LLC 
	 	Lexington Livonia L.L.C. 
	 	 
	 	Each, a Delaware limited liability company, as Subsidiary Guarantors

 

	 	By:	 LRA Manager Corp., their Manager

 

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

 

    	 

    	 

    

 

	 	Lexington Glendale Manager LLC 
	 	Lexington TNI Des Moines Manager LLC 
	 	Lexington Foxboro I LLC 
	 	Newkirk Elport GP LLC 
	 	Newkirk Syrcar GP LLC 
	 	NLSAF Jacksonville GP LLC 
	 	Newkirk Bluff GP LLC 
	 	Lex-Eastgar GP LLC 
	 	LSAC Pascagoula Manager LLC 
	 	NLSAF Tampa GP LLC 
	 	Lex Eugene GP LLC
	 	 
	 	Each, a Delaware limited liability company, as Subsidiary Guarantors

 

	 	By: 	LRA Manager Corp., their Manager

 

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

 

    	 

    	 

    

 

	 	Lex Chillicothe L.P. 
	 	By: Lex Chillicothe GP LLC, its general partner
	 	 
	 	Lexington Lakewood L.P. 
	 	By: Lexington Lakewood Manager LLC, its general partner 
	 	 
	 	Lexington Millington L.P. 
	 	By:  Lexington Millington Manager LLC, its general partner 
	 	 
	 	Lexington Columbus L.P. 
	 	By:  Lexington Columbus GP LLC, its general partner 
	 	 
	 	Each, a Delaware limited partnership, as Subsidiary Guarantors
	 	 
	 	By: LRA Manager Corp., Manager of the general partners

 

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

 

	 	Lex Shreveport L.P. 
	 	By: Lex Shreveport GP LLC, its general partner 
	 	 
	 	Lex St. Joseph L.P. 
	 	By: Lex St. Joseph GP LLC, its general partner 
	 	 
	 	Lexington Waxahachie L.P. 
	 	By:  Lexington Waxahachie Manager LLC, its general partner 
	 	 
	 	Lexington Acquiport Colinas L.P. 
	 	By: Lexington Acquiport Sierra LLC, its general partner
	 	 
	 	Federal Southfield Limited Partnership 
	 	By: Lexington Southfield LLC, its general partner
	 	 
	 	Lexington TNI Westlake L.P. 
	 	By: Lexington TNI Westlake Manager LLC, its general partner 
	 	 
	 	Lexington Bristol L.P. 
	 	By: Lexington Bristol GP LLC, its general partner 
	 	 
	 	Lexington Tampa L.P. 
	 	By: Lexington Tampa GP LLC, its general partner 
	 	 
	 	Lexington Bulverde L.P. 
	 	By: Lexington Bulverde Manager LLC, its general partner 
	 	 
	 	Lexington Shelby L.P. 
	 	By: Lexington Shelby GP LLC, its general partner 
	 	 
	 	Each, a Delaware limited partnership, as Subsidiary Guarantors
	 	 
	 	By: LRA Manager Corp., Manager of the general partners

 

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

 

    	 

    	 

    

 

	 	Lexington Toy Lynwood L.P. 
	 	Lexington Toy Clackamas L.P. 
	 	Lexington Toy Tulsa L.P. 
	 	Each By: Lexington Toys Trustee LLC, its general partner 
	 	 
	 	Lex Westerville L.P. 
	 	By: Lex Westerville GP LLC, its general partner 
	 	 
	 	Lexington Duncan L.P. 
	 	By: Lexington Duncan Manager LLC, its general partner 
	 	 
	 	Lexington MLP Westerville L.P. 
	 	By:  Lexington MLP Westerville Manager LLC, its general partner 
	 	 
	 	Newkirk Gersant L.P. 
	 	By: Newkirk Gersant GP LLC, its general partner 
	 	 
	 	Newkirk Jacway L.P. 
	 	By: Newkirk Jacway GP LLC, its general partner 
	 	 
	 	Newkirk Liroc L.P. 
	 	By: Newkirk Liroc GP LLC, its general partner 
	 	 
	 	Newkirk Avrem L.P. 
	 	By: Newkirk Avrem GP LLC, its general partner 
	 	 
	 	Newkirk Walando L.P. 
	 	By: Newkirk Walando GP LLC, its general partner 
	 	 
	 	Lex Phoenix L.P.
	 	By:  Lex Phoenix GP LLC, its general partner
	 	 
	 	Each, a Delaware limited partnership, as Subsidiary Guarantors
	 	 
	 	By: LRA Manager Corp., Manager of the general partners

 

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

 

    	 

    	 

    

 

	 	Lexington Allen L.P. 
	 	By: Lexington Allen Manager LLC, its general partner 
	 	 
	 	Lex Rock Hill L.P. 
	 	By: Lex Rock Hill GP LLC, its general partner 
	 	 
	 	Lexington Lion Cary L.P. 
	 	By: Lexington Lion Cary GP LLC, its general partner 
	 	 
	 	Lexington Lion Plymouth L.P. 
	 	By: Lexington Lion Plymouth GP LLC, its general partner 
	 	 
	 	Lexington Collierville L.P. 
	 	By:  Lexington Collierville Manager LLC, its general partner 
	 	 
	 	Lexington Louisville L.P. 
	 	By:  Lexington Louisville Manager LLC, its general partner 
	 	 
	 	Lexington Lake Forest L.P. 
	 	By: Lexington Lake Forest Manager LLC, its general partner 
	 	 
	 	LSAC Crossville L.P. 
	 	By: LSAC Crossville Manager LLC, its general partner 
	 	 
	 	Lex Jessup L.P. 
	 	By: Lex Jessup GP LLC, its general partner 
	 	 
	 	Each, a Delaware limited partnership, as Subsidiary Guarantors
	 	By: LRA Manager Corp., Manager of the general partners

 

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

 

    	 

    	 

    

 

	 	Newkirk Clifmar L.P. 
	 	By: Newkirk Clifmar GP LLC, its general partner 
	 	 
	 	Newkirk Salistown L.P. 
	 	By: Newkirk Salistown GP LLC, its general partner 
	 	 
	 	Newkirk Dalhill L.P. 
	 	By: Newkirk Dalhill GP LLC, its general partner 
	 	 
	 	Newkirk Carolion L.P. 
	 	By: Newkirk Carolion GP LLC, its general partner 
	 	 
	 	Newkirk Superwest L.P. 
	 	By: Newkirk Superwest GP LLC, its general partner 
	 	 
	 	Newkirk Elway L.P. 
	 	By: Newkirk Elway GP LLC, its general partner
	 	 
	 	Newkirk Johab L.P. 
	 	By: Newkirk Johab GP LLC, its general partner 
	 	 
	 	Newkirk Washtex L.P. 
	 	By: Newkirk Washtex GP LLC, its general partner 
	 	 
	 	Newkirk Basot L.P. 
	 	By: Newkirk Basot GP LLC, its general partner 
	 	 
	 	Newkirk Lanmar L.P. 
	 	By: Newkirk Lanmar GP LLC, its general partner 
	 	 
	 	Newkirk JLE Way L.P. 
	 	By: Newkirk JLE Way GP LLC, its general partner 
	 	 
	 	Each, a Delaware limited partnership, as Subsidiary Guarantors
	 	 
	 	By: LRA Manager Corp., Manager of the general partners

 

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

 

    	 

    	 

    

 

	 	Newkirk Altenn L.P. 
	 	By: Newkirk Altenn GP LLC, its general partner 
	 	 
	 	LSAC Eau Claire L.P. 
	 	By: LSAC Eau Claire Manager LLC, its general partner 
	 	 
	 	NLSAF Marshall L.P. 
	 	By: NLSAF Marshall GP LLC, its general partner 
	 	 
	 	Lexington TNI Des Moines L.P. 
	 	By: Lexington TNI Des Moines Manager LLC, its general partner 
	 	 
	 	Newkirk Elport L.P. 
	 	By: Newkirk Elport GP LLC, its general partner 
	 	 
	 	Newkirk Syrcar L.P. 
	 	By: Newkirk Syrcar GP LLC, its general partner 
	 	 
	 	NLSAF Jacksonville L.P. 
	 	By: NLSAF Jacksonville GP LLC, its general partner 
	 	 
	 	Newkirk Bluff L.P. 
	 	By: Newkirk Bluff GP LLC, its general partner 
	 	 
	 	Lex-Eastgar L.P. 
	 	By: Lex-Eastgar GP LLC, its general partner 
	 	 
	 	LSAC Pascagoula L.P. 
	 	By: LSAC Pascagoula Manager LLC, its general partner 
	 	 
	 	NLSAF Tampa L.P. 
	 	By: NLSAF Tampa GP LLC, its general partner 
	 	 
	 	Each, a Delaware limited partnership, as Subsidiary Guarantors
	 	 
	 	By: LRA Manager Corp., Manager of the general partners

 

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

 

    	 

    	 

    

 

	 	Lexington Durham Limited Partnership 
	 	By: Lexington Durham LLC, its sole general partner 
	 	 
	 	Lex Eugene L.P.
	 	By: Lex Eugene GP LLC, its general partner 
	 	 
	 	Lex Missouri City L.P. 
	 	By: Lex Missouri City GP LLC, its general partner 
	 	 
	 	Lex Opelika L.P. 
	 	By: Lex Opelika GP LLC, its general partner 
	 	 
	 	Lex Valdosta L.P. 
	 	By: Lex Valdosta GP LLC, its general partner 
	 	 
	 	LSAC Oklahoma City L.P. 
	 	By: LSAC Oklahoma City Manager LLC, its general partner 
	 	 
	 	LSAC Woodlands L.P. 
	 	By: LSAC Woodlands Manager LLC, its general partner 
	 	 
	 	Newkirk Croydon L.P. 
	 	By: Newkirk Croydon GP LLC, its general partner 
	 	 
	 	Newkirk Denport L.P. 
	 	By: Newkirk Denport GP LLC, its general partner 
	 	 
	 	Newkirk Skoob L.P. 
	 	By: Newkirk Skoob GP LLC, its general partner 
	 	 
	 	 
	 	Each, a Delaware limited partnership, as Subsidiary Guarantors
	 	 
	 	By: LRA Manager Corp., Manager of the general partners

 

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

 

    	 

    	 

    

 

	 	Newkirk Spokmont L.P.
	 	By: Newkirk Spokmont GP LLC, its general partner 
	 	 
	 	NLSAF Mcdonough L.P. 
	 	By: NLSAF McDonough Manager LLC, its general partner 
	 	 
	 	Xel Florence L.P. 
	 	By: Xel Florence GP LLC, its general partner 
	 	 
	 	Net Lease Strategic Assets Fund L.P. 
	 	By: LMLP GP LLC, its general partner
	 	 
	 	Each, a Delaware limited partnership, as Subsidiary Guarantors
	 	 
	 	By: LRA Manager Corp., Manager of the general partners

 

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

 

	 	Acquiport Winchester LLC 
	 	By: Acquiport Winchester Manager LLC, its sole member 
	 	 
	 	Acquiport Lake Mary 600 LLC 
	 	By: Acquiport 600 Manager LLC, its sole member 
	 	 
	 	Acquiport Lake Mary 550 LLC 
	 	By: Acquiport 550 Manager LLC, its sole member 
	 	 
	 	Each, a Delaware limited liability company, as Subsidiary Guarantors
	 	 
	 	By: LRA Manager Corp., Manager of the general partners

 

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

 

    	 

    	 

    

 

	 	Lexington Dulles LLC 
	 	By: Lexington Dulles Manager LLC, its sole member 
	 	 
	 	Lexington Olive Branch LLC 
	 	By:  Lexington Olive Branch Manager LLC, its sole member 
	 	 
	 	Lexington Florence LLC 
	 	By:  Lexington Florence Manager LLC, its sole member 
	 	 
	 	Lexington Wallingford LLC 
	 	By:  Lexington Wallingford Manager LLC, its sole member 
	 	 
	 	Lexington High Point LLC 
	 	By: Lexington High Point Manager LLC, its sole member 
	 	 
	 	Lexington Fort Mill LLC 
	 	By:  Lexington Fort Mill Manager LLC, its sole member 
	 	 
	 	NK-ODW/Columbus Property LLC
	 	By:  NK-ODW/Columbus Property Manager LLC, its sole member 
	 	 
	 	NK-Lumberton Property LLC 
	 	By:  NK-Lumberton Property Manager LLC, its sole member 
	 	 
	 	NK-Cinn Hamilton Property LLC 
	 	By: NK-CINN Hamilton Property Manager LLC, its sole member
	 	 
	 	Each, a Delaware limited liability company, as Subsidiary Guarantors
	 	 
	 	By: LRA Manager Corp., Manager of the general partners

 

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

 

    	 

    	 

    

 

	 	Lexington Centennial LLC 
	 	By: Lexington Centennial Manager LLC, its general partner 
	 	 
	 	Lexington Glendale LLC 
	 	By: Lexington Glendale Manager LLC, its sole member 
	 	 
	 	Lexington Antioch LLC 
	 	By: Lexington Antioch Manager LLC, its sole member
	 	 
	 	Each, a Delaware limited liability company, as Subsidiary Guarantors
	 	 
	 	By: LRA Manager Corp., Manager of the general partners

 

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

 

	 	Acquiport Brea Manager LLC
	 	Lexington TNI Irving Manager LLC
	 	Lexington Gears Manager LLC
	 	Lexington Tempe Manager LLC
	 	Lexington Memphis (JVF) Manager LLC
	 	Lexington Las Vegas (VEGPOW) Manager LLC
	 	Lexington Columbus (Jackson Street) Manager LLC
	 	Lex Houston GP LLC
	 	Lexington Knoxville Manager LLC
	 	Lexington Foxboro II LLC
	 	 
	 	Each, a Delaware limited liability company, as New Guarantors
	 	 
	 	By:  LRA Manager Corp., a Delaware corporation, their manager

 

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

 

    	 

    	 

    

 

	 	Acquiport Brea L.P.
	 	By:  Acquiport Brea Manager LLC, its general partner
	 	 
	 	Lexington TNI Irving L.P.
	 	By:  Lexington TNI Irving Manager LLC, its general partner
	 	 
	 	Lexington Gears L.P.
	 	By:  Lexington Gears Manager LLC, its general partner
	 	 
	 	Lexington Tempe L.P.
	 	By:  Lexington Tempe Manager LLC, its general partner
	 	 
	 	Lex Houston L.P.
	 	By:  Lex Houston GP LLC, its general partner
	 	 
	 	Lexington Columbus (Jackson Street) L.P.
	 	By:   Lexington Columbus (Jackson Street)  Manager LLC, its general partner
	 	 
	 	Lexington Las Vegas (VEGPOW) L.P.
	 	By:  Lexington Las Vegas (VEGPOW) Manager LLC, its general partner
	 	 
	 	Lexington Memphis (JVF) L.P.
	 	By:  Lexington Memphis (JVF) Manager LLC, its general partner
	 	 
	 	Each, a Delaware limited partnership, as New Guarantors
	 	 
	 	By:  LRA Manager Corp., a Delaware corporation, manager of the general partners

 

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

 

    	 

    	 

    

 

	 	Lexington Knoxville LLC, a Delaware limited liability company, as a New Guarantor
	 	By:  Lexington Knoxville Manager LLC, its member

 

	 	By:	LRA Manager Corp., a Delaware corporation, manager of the member

 

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

 

 

	 	Lexington Acquiport Fishers LLC
	 	Lexington Arlington Manager LLC
	 	Lexington Redmond Manager LLC
	 	Lexington Moody LLC,
	 	Lexington Fort Mill II Manager LLC,
	 	 
	 	Each, a Delaware limited liability company, as a New Guarantor
	 	 
	 	By:   LRA Manager Corp., a Delaware corporation, their manager

 

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

 

    	 

    	 

    

 

 

	 	LEXINGTON ARLINGTON L.P.,
	 	By:  Lexington Arlington Manager LLC, its general partner
	 	 
	 	LEXINGTON MOODY L.P.
	 	By:  Lexington Moody LLC, its general partner
	 	 
	 	LEXINGTON FORT MILL II LLC,
	 	By:  Lexington Fort Mill II Manager LLC, a Delaware limited liability company, its member
	 	 
	 	LEXINGTON REDMOND LLC,
	 	By:  Lexington Redmond LLC, its member
	 	 
	 	 
	 	Each, a Delaware limited partnership, as a New Guarantor
	 	 
	 	By:  LRA Manager Corp., a Delaware corporation, manager of the general partners

 

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

 

    	 

    	 

    

 

	 	TRUSTEE:
	 	 
	 	U.S. BANK NATIONAL ASSOCIATION,
	 	as Trustee
	 	 	 
	 	By:	/s/ William G. Keenan
	 	Name:	William G. Keenan
	 	Title:	Vice President

 

    	 

    	 

    

 

Exhibit A

 

Existing Subsidiary Guarantors

 

Lepercq Corporate Income Fund L.P.

Lepercq Corporate Income Fund II L.P.

Lex GP-1 Trust

Lex LP-1 Trust

Lexington Olive Branch Manager LLC

Lexington Realty Advisors, Inc.

Lexington Southfield LLC

Lexington Waxahachie Manager LLC

Lex GP Holding LLC

Lexington Collierville Manager LLC

Lexington Duncan Manager LLC

Lexington Florence Manager LLC

Lexington Fort Street Trustee LLC

Lexington Honolulu Manager LLC

Lexington MLP Westerville Manager LLC

Lexington Toy Trustee LLC

Lex-Property Holdings LLC

LSAC Crossville Manager LLC

LSAC General Partner LLC

LSAC Operating Partnership L.P.

MLP Unit Pledge GP LLC

MLP Unit Pledge L.P.

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 Jacaway GP LLC

Newkirk JLE WAY GP LLC

Newkirk Johab GP LLC

Newkirk Lanmar GP LLC

Newkirk Liroc GP LLC

Newkirk MLP Unit LLC

Newkirk Salistown GP LLC

Newkirk Sunway GP LLC

Newkirk Superwest GP LLC

Newkirk Walando GP LLC

Newkirk Washtex GP LLC

 

    	 

    	 

    

 

NK-Cinn Hamilton Property Manager LLC

Lexington Acquiport Company, LLC

Acquiport 550 Manager LLC

Acquiport 600 Manager LLC

Acquiport Winchester Manager LLC

Lexington Columbus GP LLC

Lexington Millington Manager LLC

Lexington Lakewood Manager LLC

Lex Chillicothe GP LLC

Lexington Durham LLC (formerly Lexington Durham, Inc.)

Lexington Acquiport Sierra LLC

Lexington TNI Westlake Manager LLC

Phoenix Hotel Associates Limited Partnership

Lexington Bristol GP LLC

Lexington Dulles Manager LLC

Lexington Tampa GP LLC

Lexington Bulverde Manager LLC

Lexington Shelby GP LLC

LXP GP, LLC

Lexington/Lion Venture L.P.

Lex Westerville GP LLC

Lexington High Point Manager LLC

Lexington Wallingford Manager LLC

Lexington Lake Forest Manager LLC

Lexington Louisville Manager LLC

NK-ODW/Columbus Property Manager LLC

NK-Lumberton Property Manager LLC

Lexington Allen Manager LLC

Lex Rock Hill GP LLC

Lexington Lion Cary GP LLC

Lexington Centennial Manager LLC

Lexington Lion Plymouth GP LLC

Lex Jessup GP LLC

Lex Shreveport GP LLC

Lex St. Joseph GP LLC

LRA Manager Corp.

Lexington Tennessee Holdings L.P.

Acquiport Temperance LLC

Acquiport Milford LLC

Lexington Marshall LLC

Lexington Palm Beach LLC

Lexington OC LLC

Net 1 Phoenix L.L.C.

Lexington Canton LLC

Net 2 Hampton LLC

Net 1 Henderson LLC

Savannah Waterfront Hotel LLC

Lexington Fort Mill LLC

 

    	 

    	 

    

 

Lexington Fort Mill Manager LLC

Acquiport Laurens LLC

LSAC Eau Clarie L.P.

LSAC Eau Claire Manager LLC

NLSAF Marshall L.P.

NLSAF Marshall GP LLC

Lexington Minneapolis LLC

Net 2 Cox LLC

Lexington Livonia L.L.C.

Lexington Glendale LLC

Lexington Glendale Manager LLC

Lexington TNI Des Moines L.P.

Lexington TNI Des Moines Manager LLC

Lexington Foxboro I LLC

Newkirk Elport L.P.

Newkirk Elport GP LLC

Newkirk Syrcar L.P.

Newkirk Syrcar GP LLC

NLSAF Jacksonville L.P.

NLSAF Jacksonville GP LLC

Newkirk Bluff L.P.

Newkirk Bluff GP LLC

Lex-Eastgar L.P.

Lex-Eastgar GP LLC

LSAC Pascagoula L.P.

LSAC Pascagoula Manager LLC

NLSAF Tampa L.P.

NLSAF Tampa GP LLC

Lex Eugene L.P.

Lex Eugene GP LLC

Lex Missouri City L.P.

Lex Missouri City GP LLC

Lex Opelika L.P.

Lex Opelika GP LLC

Lex Valdosta L.P.

Lex Valdosta GP LLC

Lexington American Way LLC

Lexington Antioch LLC

Lexington Antioch Manager LLC

Lexington Hampton LLC

LSAC Oklahoma City L.P.

LSAC Oklahoma City Manager LLC

LSAC Woodlands L.P.

LSAC Woodlands Manager LLC

Net Lease Strategic Assets Fund L.P. 

LMLP GP LLC

Newkirk Croydon L.P.

Newkirk Croydon GP LLC

 

    	 

    	 

    

 

Newkirk Denport L.P.

Newkirk Denport GP LLC

Newkirk Skoob L.P.

Newkirk Skoob GP LLC

Newkirk Spokmont L.P.

Newkirk Spokmont GP LLC

NLSAF McDonough L.P.

NLSAF McDonough Manager LLC

Triple Net Investment Company LLC

Xel Florence L.P.

Xel Florence GP LLC

Lex Chillicothe L.P.

Lexington Lakewood L.P.

Lexington Millington L.P.

Lexington Columbus L.P.

Lex Shreveport L.P.

Lex St. Joseph L.P.

Acquiport Winchester LLC

Acquiport Lake Mary 600 LLC

Acquiport Lake Mary 550 LLC

Lexington Waxahachie L.P.

Lexington Acquiport Colinas L.P.

Federal Southfield Limited Partnership

Lexington TNI Westlake L.P.

Lexington Bristol L.P.

Lexington Dulles LLC

Lexington Tampa L.P.

Lexington Bulverde L.P.

Lexington Shelby L.P.

Lexington Olive Branch LLC

Lexington Florence LLC

Lexington Honolulu L.P.

Lexington Toy Lynwood L.P.

Lexington Toy Clackamas L.P.

Lexington Toy Tulsa L.P.

Lexington Wallingford LLC

Lexington High Point LLC

Lex Westerville L.P.

Lexington Duncan L.P.

Lexington MLP Westerville L.P.

NK-ODW/Columbus Property LLC

NK-Lumberton Property LLC

NK-CINN Hamilton Property LLC

Newkirk Gersant L.P.

Newkirk Jacway L.P.

Newkirk Liroc L.P.

Newkirk Avrem L.P.

Newkirk Walando L.P.

 

    	 

    	 

    

 

Lexington Allen L.P.

Lex Rock Hill L.P.

Lexington Lion Cary L.P.

Lexington Lion Plymouth L.P.

Lexington Collierville L.P.

Lexington Louisville L.P.

Lexington Lake Forest L.P.

Lexington Centennial LLC

LSAC Crossville L.P.

Lex Jessup L.P.

Newkirk Clifmar L.P.

Newkirk Salistown L.P.

Newkirk Dalhill L.P.

Newkirk Carolion L.P.

Newkirk Superwest L.P.

Newkirk Elway L.P.

Newkirk Johab L.P.

Newkirk Washtex L.P.

Newkirk Basot L.P.

Newkirk Lanmar L.P.

Newkirk JLE Way L.P.

Newkirk Altenn L.P.

Lexington Durham Limited Partnership

Lex Phoenix L.P.

Lex Phoenix GP LLC

Acquiport Brea Manager LLC

Acquiport Brea L.P.

Lexington TNI Irving Manager LLC

Lexington TNI Irving L.P.

Lexington Gears Manager LLC

Lexington Gears L.P.

Lexington Tempe Manager LLC

Lexington Tempe L.P.

Lexington Memphis (JVF) Manager LLC

Lexington Memphis (JVF) L.P.

Lexington Las Vegas (VEGPOW) Manager LLC

Lexington Las Vegas (VEGPOW) L.P.

Lexington Columbus (Jackson Street) Manager
LLC

Lexington Columbus (Jackson Street) L.P.

Lex Houston GP LLC

Lex Houston L.P.

Lexington Knoxville Manager LLC

Lexington Knoxville LLC

Lexington Foxboro II LLC

 

    	 

    	 

    

 

Exhibit B

 

New Subsidiary Guarantors

 

Lexington Acquiport Fishers LLC

Lexington Arlington L.P.

Lexington Arlington Manager LLC

Lexington Redmond LLC

Lexington Redmond Manager LLC

Lexington Moody LLCti

Lexington Moody L.P.

Lexington Fort Mill II Manager LLC

Lexington Fort Mill II LLC

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