Document:

Ex 4.16

 

(Summary Translation)

 

Cooperation Agreement

 

for

 

The Project of Block A1, IT Industrial Park
of Electronics Zone

 

Beijing Electronics Zone Investment and Development
Co., Ltd.

 

Beijing Chengshi Wanglin Information Technology
Co., Ltd.

 

September 25, 2014

 

Beijing

 

    	 

    	 

    

 

Party A: Beijing Electronics Zone Investment and Development Co.,
Ltd.

Postal Address: Building 205, Jia No. 10 Yard, North Jiuxianqiao
Road, Chaoyang District, Beijing

Zip Code: 100015

Business License Registration No.: 110000005030270

Legal Representative or Person in Charge: Wang Yan

Tel: 010-58833501

 

Party B: Beijing Chengshi Wanglin Information Technology Co., Ltd.

Postal Address: Suite E, North America International Business Center,
Yi No. 108 Beiyuan Road, Chaoyang District, Beijing

Zip Code: 1000010

Business License Registration No.: 110000450129310

Legal Representative or Person in Charge: Yao Jinbo

Tel: 010-51395858

 

WHEREAS

 

		1	The number of the Certificate for Use of the State-owned Land of the land located in Zone A of the IT Industrial Park in the
Electronics Zone with an area of 69,122.42 square meters (area for exclusive use) is Jing Chao Guo Yong (2008 Chu) No. 0108; the
purpose of the land specified therein is for industrial use, and the land use right will expire on December 7, 2056. Such land
use right of the State-owned land and the projects being constructed thereon that already obtained by Party A are all free of any
mortgage, litigation, arbitration or any other legal proceedings; the buildings are originally planned to serve as the purpose
of industrial facilities, and is currently under planning adjustment, and Party A will carry out the construction subject to the
planning approval and construction drawings.

 

		2	After a full understanding of the relevant details of construction and situation of the IT Industrial Park of Zhongguancun
Electronics Zone, Party B decides to purchase Block 1, Zone A of the IT Industrial Park and will perform the relevant admittance
approval procedures according to the admittance conditions of Zhongguancun Electronics Zone, and further undertakes that after
the entry, it will move its registered address and tax source to IT Industrial Park of Zhongguancun Electronics Zone as soon as
practicable and will not change the intended purpose of the building.

 

In accordance with the relevant laws and regulations and on the
basis of equal, voluntary and fair negotiations, Party A and Party B hereby agree as follows in connection with the matters of
their cooperation:

 

    	2

    	 

    

 

		Article 1	Target Building

 

		1.1.	Scope of the Target Building

 

The target building in this Agreement refers to Block
1, Zone A, Jia No. 10 Yard, North Jiuxianqiao Road, Chaoyang District, Beijing, the main structure of which is frame structure;
the building has two floors underground and seven floors above ground, with the total floor area temporarily estimated as approximately
28,169.29 square meters, of which the floor area above ground is approximately 21,405.97 square meters and the floor area underground
is approximately 6,763.32 square meters (Note: the areas provided in this paragraph are estimated areas, and the final figures
shall be subject to the surveying and mapping report after the completion.)

 

		1.2.	Confirmation on Area of the Target Building

 

The Parties agree to confirm the areas on the basis of
the floor area, and the actual aggregate floor area shall be subject to the area confirmed in the surveying and mapping report.
If the absolute value of the error ratio in respect of the total floor area falls within 3% (included), the price will be settled
based on the actual area and at the price agreed herein; if the actual total floor area is larger than the estimated floor area
agreed herein, the part of the price corresponding to the area exceeding 3% error ratio shall be borne by Party A, and such area
in excess shall be owned by Party B; if the actual total floor area is smaller than the estimated floor area agreed herein, the
part of the price corresponding to the area exceeding 3% error ratio shall be refunded by Party A to Party B in double amount.

 

		Article 2	Price of Target Building and Payment Schedule

 

		2.1.	Calculation Method for the Price of the Target Building:

 

The Parties acknowledge that the transaction price of
the target building shall be calculated on the basis of RMB23,000 (twenty-three thousand) per square meter for the total floor
area.

 

		2.2.	Estimated Price of the Target Building

 

According to the estimated calculation of the floor area
provided in Article 1 hereof, the estimated basic price payable by Party B to Party A for purchase of the target building shall
be RMB647,893,670 (i.e. six hundred and forty-seven million eight hundred and ninety-three thousand six hundred and seventy) (hereinafter
referred to as the “Estimated Total Price”). The final price shall be adjusted and settled as agreed in Article
1.2 by refunding the amounts in excess and making up for the shortfall.

 

		2.3.	Payment Schedule

 

Party B will pay the full amount of the Estimated Total
Price to Party A in several instalments according to the following schedule:

 

		2.3.1.	within 20 working days after this Agreement takes effect, Party B will pay 10% of the Estimated Total Price to Party A, i.e.
RMB 64,789,367 (sixty-four million seven hundred and eighty-nine thousand three hundred and sixty-seven);

 

		2.3.2.	prior to September 30, 2015, Party B will pay 40% of the Estimated Total Price to Party A, i.e. RMB 259,157,468 (two hundred
and fifty-nine million one hundred and fifty-seven thousand four hundred and sixty-eight);

 

    	3

    	 

    

 

		2.3.3.	prior to December 31, 2015, Party B will pay 50% of the Estimated Total Price to Party A, i.e. RMB 323,946,835 (three hundred
and twenty-three million nine hundred and forty-six thousand eight hundred and thirty-five);

 

		Article 3	Delivery of Target Building

 

		3.1.	Party A shall complete the construction, inspection and acceptance of the target building no later than December 31, 2015.
Party A shall deliver the building to Party B after Party B has made full payment of the entire Estimated Total Price.

 

		Article 4	Ownership Certificate

 

		4.1.	Party A acknowledges that after the target building has been delivered to Party B and the handover procedures in respect thereof
have been completed pursuant to Article 3, and after Party B has paid up the full price for purchase of the building in the amount
adjusted pursuant to Article 2.2 hereof, Party A shall have the obligation to complete the procedures for the Building Ownership
Certificate within 2 years after Party B has provided all relevant materials that should be provided by it and paid up all relevant
taxes and fees.

 

		4.2.	Both Parties agree to bear any taxes and expenses incurred arising from the handling of the building ownership certificate
according to relevant regulations of the State.

 

		4.3.	Given that the building is located within the Technical Park of Zhongguancun Electronics Zone, Party B shall not transfer the
building in principle according to the relevant regulations; in case of a transfer, Party A shall have a pre-emptive buyback right
under the equivalent conditions, unless in cases where such regulations are invalidated at the time of transfer.

 

		Article 5	Liabilities for Breach

 

		5.1.	Principles

 

The Parties shall enjoy the rights and perform the obligations
provided hereunder under the principles of honesty and good faith. In cases of any default, the defaulting Party shall assume the
liabilities for breach and pay a penalty fine to the non-defaulting Party. If there is an express provision governing the percentage
of the penalty fine, such provision shall prevail. In case both Parties are in breach, the Parties shall undertake their respective
liabilities according to their respective degree of fault or level of responsibilities.

 

In case of breach by any Party, the non-defaulting Party
shall be entitled to require the defaulting Party to rectify such breach. The legal liabilities thus brought about shall be assumed
by the defaulting Party.

 

    	4

    	 

    

 

		5.2.	Party A’s Liabilities for Breach

 

If Party A fails to perform its own obligations within
the period agreed herein, the following provisions shall prevail:

 

		5.2.1.	If Party A fails to deliver the target building to Party B by June 30, 2016 as required in Article 3.1 and Exhibit 2 for reasons
attributable to Party A, Party A shall pay 0.01% of the price already paid by Party B as penalty for each day of delay. In case
such delay lasts over 90 days, Party B shall be entitled to terminate this Agreement, in which case Party A shall refund all paid
amounts to Party B within 30 days upon the date of the termination notice, and pay 0.01% of the paid amounts as penalty to Party
B for each day of delay. If Party B elects not to terminate this Agreement, Party A shall pay 0.01% of the paid amounts as penalty
to Party B for each day during the period starting from the day immediately following the due delivery date agreed herein and ending
on the actual delivery date, and this Agreement shall continue to be performed.

 

		5.2.2.	If Party A fails to make the initial registration for Party B within the agreed time limit, or fails to go through the procedures
of the Building Ownership Certificate for reasons attributable to Party A, Party A shall pay 0.01% of the price already paid by
Party B as penalty for each day of delay. In case such delay lasts over 90 days, Party B shall be entitled to terminate this Agreement,
in which case Party A shall refund all paid amounts to Party B within 30 days upon the date of the termination notice, and pay
0.01% of the paid amounts as penalty to Party B for each day during the period starting from the day on which the procedures for
the ownership certificate should be completed and ending on the date of refunding.

 

		5.2.3.	Except as agreed herein, Party A undertakes that it will not resell the building to others and that the target building is
free of any security interest, failing to comply with which Party A has to pay Party B a penalty fine equivalent to 30% of the
Estimated Total Price hereunder, and the performance of this Agreement may be continued at the election of Party B.

 

		5.3.	Party B’s Liabilities for Breach

 

If Party B fails to perform its own obligations within
the period agreed herein, the following provisions shall prevail:

 

		5.3.1.	Party A shall be entitled to unilaterally terminate this Agreement if Party B fails to pay the first instalment of the Estimated
Total Price to Party A as agreed herein.

 

		5.3.2.	In case the payment is delayed for less than 90 days for reasons attributable to Party B, Party B shall pay 0.01% of the outstanding
and payable amounts as penalty to Party B for each day during the period starting from the day immediately following the due payment
date agreed herein and ending on the actual full payment date, and this Agreement shall continue to be performed.

 

    	5

    	 

    

 

		5.3.3.	In case the delay in payment lasts over 90 days for reasons attributable to Party B, Party A shall be entitled to terminate
this Agreement and resell the building contemplated hereunder to any third person, in which case Party B shall pay 0.01% of the
outstanding and payable amounts as penalty to Party A for each day of delay, and Party A shall refund the remaining paid amounts
after deducting such penalty fine. If Party A elects not to terminate this Agreement, Party B shall pay 0.01% of the outstanding
and payable amounts as penalty to Party A for each day during the period starting from the day immediately following the due payment
date of such outstanding amounts agreed herein and ending on the actual payment date, and this Agreement shall continue to be performed.

 

		5.4.	Except for the right of unilateral termination exercisable by the Parties pursuant to this Agreement, neither Party may terminate
this Agreement without justified reasons, and either Party that terminates this Agreement for reasons not stipulated by the law
or agreed herein shall pay a penalty fine equivalent to 30% of the Estimated Total Price to the non-defaulting Party. However,
neither Party may terminate this agreement by applying this paragraph after the other Party has performed the primary obligations
hereunder. The primary obligations mentioned in this paragraph, with respect to Party A, shall mean the obligations to deliver
the building and complete the procedures for ownership transfer, and with respect to Party B, shall mean the obligation to pay
the Estimated Total Price of the building.

 

		5.5.	If either Party is required to refund amounts and/or pay penalty fine to the other Party for its default pursuant to this Agreement,
the defaulting Party shall refund the amounts as agreed and pay the penalty fine within 30 days upon the delivery of the written
notice by the non-defaulting Party to the defaulting Party, failing to do which the defaulting Party shall pay 0.01% of the Estimated
Total Price for each day during the period from the day on which the penalty fine should be paid to the day on which the penalty
is actually paid in full.

 

		Article 6	Termination of Agreement

 

		6.1.	In case any of the following situation occurs, this Agreement will terminate:

 

		(1)	this Agreement will terminate earlier upon a new written agreement entered into between the Parties after negotiations;

 

		(2)	this Agreement will terminate automatically after the Parties have completed their obligations hereunder;

 

		(3)	where a Party is deprived of its legal capacity due to bankruptcy, closedown, revocation of business license, the other Party
is entitled to terminate this Agreement immediately upon delivery of a written notice;

 

		(4)	upon the occurrence of a force majeure event, which renders that the purpose of this Agreement cannot be realized, either Party
may terminate this Agreement via a notice to the other Party; or

 

		(5)	other circumstances under which this Agreement may be terminated or dissolved as provided by laws, regulations or agreed in
this Agreement.

 

    	6

    	 

    

 

		6.2.	Either Party that terminates or dissolves this Agreement as provided by laws, regulations or agreed in this Agreement shall
send a written notice to the other Party to terminate or dissolve this Agreement, and this Agreement shall be terminated or dissolved
upon the receipt of such written notice by the other Party. The non-defaulting Party is entitled to claim the defaulting liabilities
against the defaulting Party according to the laws, regulations and this Agreement.

 

		Article 7	Confidentiality

 

		Article 8	Force Majeure

 

		Article 9	Effectiveness and Counterparts

 

		9.1.	This Agreement shall take effect upon being signed and stamped by the Parties and after being approved by the shareholders
of Party A and the board of directors of Party B.

 

		9.2.	This Agreement shall be made in six counterparts, three for each Party, all of which shall be equally binding.

 

		9.3.	In case of any conflicts between this Agreement and the laws and regulations of the State, the latter shall prevail.

 

		Article 10	Dispute Resolution

 

		10.1.	In case of any disputes between the Parties, the Parties shall first resort to amicable negotiations to resolve such disputes;
if the negotiations fail, such disputes shall be filed to the court of competent jurisdiction over the target building for resolution.

 

		Article 11	Exhibits of the Agreement

 

    	7FRFI-2015.3.31-EX10.2

EXECUTION COPY

        
FIRST AMENDMENT TO
UNSECURED TERM LOAN AGREEMENT

This FIRST AMENDMENT TO UNSECURED TERM LOAN AGREEMENT (this “First Amendment”) is made and entered into as of April 20, 2015 by and among FIRST INDUSTRIAL, L.P., a limited partnership formed under the laws of the State of Delaware (together with its successors and assigns, the “Borrower”), FIRST INDUSTRIAL REALTY TRUST, INC.., a corporation formed under the laws of the State of Maryland (the “General Partner”), each of the financial institutions initially a signatory to the Credit Agreement (as defined below) together with their successors and assigns under Section 13.1 of the Credit Agreement (the “Lenders”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent (the “Administrative Agent”). 

WITNESSETH:

WHEREAS, the Borrower, the General Partner, the Administrative Agent and the Lenders are parties to that certain Unsecured Term Loan Agreement dated as of January 29, 2014 (the “Credit Agreement”); 

WHEREAS, the Borrower has requested that the Administrative Agent and the Lenders amend certain terms and conditions of the Credit Agreement as described herein; and

WHEREAS, the Administrative Agent and the Lenders party to this First Amendment have agreed to so amend certain terms and conditions of the Credit Agreement, all on the terms and conditions set forth below in this First Amendment.

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

		
	1.
	Definitions. All capitalized undefined terms used in this First Amendment shall have the meanings ascribed thereto in the Credit Agreement, as amended hereby.

		
	2.
	Amendments to Credit Agreement.  Effective as set forth in Section 3 below, the Credit Agreement is hereby amended as follows:

		
	a.
	Section 1.1 of the Credit Agreement is hereby amended to add the following definitions in alphabetical order:

“Anti-Corruption Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Borrower or its Subsidiaries from time to time concerning or relating to bribery, corruption or money laundering.
“Sanctioned Person” is defined in Section 6.27 hereof.
     “Sanctions” means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State or (b) the United Nations Security Council, the European Union or Her Majesty’s Treasury of the United Kingdom.
    

“Specified Rate Management Transactions” means the Rate Management Transactions occurring (i) on January 16, 2014 between the Borrower and PNC Bank, National Association, as agreed to pursuant to a trade confirmation dated as of the same date between the Borrower and PNC Bank, National Association, (ii) on January 16, 2014 between the Borrower and Regions Bank, as agreed to pursuant to a trade confirmation dated as of the same date between the Borrower and Regions Bank, (iii) on January 23, 2014 between the Borrower and PNC Bank, National Association, as agreed to pursuant to a trade confirmation dated as of the same date between the Borrower and PNC Bank, National Association, and (iv) on January 23, 2014 between the Borrower and Wells Fargo Bank, National Association, as agreed to pursuant to a trade confirmation dated as of the same date between the Borrower and Wells Fargo Bank, National Association.
		
	b.
	The definition of “Applicable Cap Rate” now appearing in Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows:

  
“Applicable Cap Rate” means 7.0%.
		
	c.
	The definition of “Base LIBOR Rate” now appearing in Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows:

  
“Base LIBOR Rate” means, with respect to any Eurocurrency Borrowing, for any Interest Period, the rate of interest obtained by dividing (i) the rate of interest per annum determined on the basis of the rate for deposits in Dollars for a period equal to the applicable Interest Period which appears on Reuters Screen LIBOR01 Page (or any applicable successor page) at approximately 11:00 a.m. (London time), two (2) Business Days prior to the first day of the applicable Interest Period  by (ii) a percentage equal to 1 minus the stated maximum rate (stated as a decimal) of all reserves, if any, required to be maintained with respect to Eurocurrency funding (currently referred to as “Eurocurrency liabilities”) as specified in Regulation D of the Board of Governors of the Federal Reserve System (or against any other category of liabilities which includes deposits by reference to which the interest rate on Eurocurrency Loans is determined or any applicable category of extensions of credit or other assets which includes loans by an office of any Lender outside of the United States of America); provided that if as so determined at any time no Specified Rate Management Transaction shall be in effect, the Base LIBOR Rate shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.  If, for any reason, the rate referred to in the preceding clause (i) does not appear on Reuters Screen LIBOR01 Page (or any applicable successor page), then the rate to be used for such clause (i) shall be determined by the Administrative Agent to be the arithmetic average of the rate per annum at which deposits in Dollars would be offered by first class banks in the London Interbank market to the Administrative Agent at approximately 11:00 a.m. (London time), two (2) Business Days prior to the first day of the applicable Interest Period for a period equal to such Interest Period. Any change in the maximum rate or reserves, described in the preceding clause (ii) shall result in a change in the Base LIBOR Rate on the date on which such change in such maximum rate becomes effective.
		
	d.
	The definition of “Federal Funds Effective Rate” now appearing in Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows:

  

“Federal Funds Effective Rate” means, for any day, an interest rate per annum equal to the weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal funds brokers on such day, as published for such day (or, if such day is not a Business Day, for the immediately preceding Business Day) by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations at approximately 11:00 a.m. (Central Time) on such day on such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by the Administrative Agent in its sole discretion; provided, that, if the Federal Funds Effective Rate shall be less than zero, such rate shall be deemed to be zero for  purposes of this Agreement.
		
	e.
	The definition of “Implied Capitalization Value” now appearing in Section 1.1 of the Credit Agreement is amended to delete the reference to “$250,000,000” now appearing therein and to substitute “$400,000,000” therefor.

  
		
	f.
	The definition of “LIBOR Market Index Rate” now appearing in Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows:

  
“LIBOR Market Index Rate” means, for any day, the Base LIBOR Rate as of that day that would be applicable for a Eurocurrency Borrowing having a one month Interest Period determined at approximately 10:00 a.m. (Central Time) for such day (rather than 11:00 a.m. (London time) two (2) Business Days prior to the first day of such Interest Period as otherwise provided in the definition of Base LIBOR Rate), or if such day is not a Business Day, the immediately preceding Business Day.  The LIBOR Market Index Rate shall be determined on a daily basis. 
		
	g.
	The definition of “Net Proceeds” now appearing in Section 1.1 of the Credit Agreement is deleted in its entirety.

  
		
	h.
	The definition of “Taxes” now appearing in Section 1.1 of the Credit Agreement is amended and restated in its entirety as follows:

  
“Taxes” means any and all present or future taxes, duties, levies, imposts, deductions, assessments, fees, charges or withholdings, and any and all liabilities with respect to the foregoing, imposed on or with respect to any payment hereunder or under any Note but excluding Excluded Taxes and Other Taxes.
		
	i.
	Section 4.5(iv) of the Credit Agreement is amended to insert the phrase “, W-8BEN-E” immediately after the phrase “W-8BEN” now appearing therein.

		
	j.
	Section 4.5 of the Credit Agreement is amended to insert the following new clause (x) at the end thereof:

(x)    For purposes of determining withholding taxes imposed under FATCA, from and after April 20, 2015, the Borrower and the Administrative Agent shall treat (and the Lenders hereby authorize the Administrative Agent to treat) the Agreement as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

		
	k.
	Section 6.27 of the Credit Agreement is amended and restated in its entirety as follows:

6.27.  Patriot Act and Other Specified Laws.
None of the Borrower or any of its Subsidiaries: (a) is (i) a Person named on the list of Specially Designated Nationals or Blocked Persons maintained by OFAC and available at http://www.treasury.gov/about/organizational-structure/offices/Pages/Office-of-Foreign-Assets-Control.aspx, or as otherwise published by OFAC from time to time, (ii) a country, a region within a country, or an agency of the government of a country, (iii) an organization controlled by a country, or (iv) a Person resident in a country, in each case that is subject to or the target of a sanctions program applicable to such country, region, agency, organization or Person and identified on any Sanctions-related list maintained by OFAC (any such Person identified in this clause (a) being a “Sanctioned Person”); or (b) to the knowledge of the Borrower, except as may be disclosed by the Borrower to the Administrative Agent  from time to time, derives any of its assets or operating income from investments in or transactions with any Sanctioned Person.  The Borrower and its Subsidiaries and, to the knowledge of the Borrower, their respective officers, directors, employees and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. No Loan, use of the proceeds of any Loan, or other transactions contemplated hereby will violate Anti-Corruption Laws or applicable Sanctions.  Neither the making of the Loans nor the use of the proceeds thereof will violate the Patriot Act, the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto or successor statute thereto. The Borrower and its Subsidiaries are in compliance in all material respects with the Patriot Act.
		
	l.
	Section 7.18 of the Credit Agreement is amended to delete the last sentence thereof.

		
	m.
	Section 7.19 of the Credit Agreement is amended to delete the phrase “General partner” now appearing therein and to substitute “General Partner” therefor.

		
	n.
	Section 7.20 of the Credit Agreement is amended and restated in its entirety as follows:

7.20.    Patriot Act and Other Specified Laws; OFAC. None of the General Partner, the Borrower, any of the other Subsidiaries of the General Partner, or, to the knowledge of the General Partner, any other Affiliate of the General Partner: (i) is a Sanctioned Person; or (ii) to the knowledge of the General Partner, except as may be disclosed by the General Partner to the Administrative Agent from time to time, derives any of its assets or operating income from investments in or transactions with any Sanctioned Person.  The Borrower and its Subsidiaries and, to the knowledge of the Borrower, their respective officers, directors, employees and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. No Loan, use of the proceeds of any Loan, or other transactions contemplated hereby will violate Anti-Corruption Laws or applicable Sanctions. Neither the making of the Loans nor the use of the proceeds thereof will violate the Patriot Act, the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended) or any enabling legislation or executive order relating thereto or successor statute thereto. The Borrower and its Subsidiaries are in compliance in all material respects with the Patriot Act.

		
	o.
	Section 8.3 of the Credit Agreement is amended to delete the phrase “five percent (5%)” now appearing in clause (x) of the second to last sentence thereof and to substitute “ten percent (10%)” therefor.

		
	p.
	Section 8.7 of the Credit Agreement is amended to insert the phrase “(including, without limitation, Anti-Corruption Laws and Sanctions)” immediately after the phrase “orders and directions” now appearing therein.

		
	q.
	Section 9.4 of the Credit Agreement is amended to insert the following at the end thereof:

The Borrower shall not request any Loan, shall not use, and shall ensure that its Subsidiaries and its or their respective directors, officers, employees and agents do not use the proceeds of any Loan (i) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person to the extent such activities, business or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States or (iii) in any manner that would result in the violation of any applicable Sanctions. 
		
	r.
	Clause (vi) of Section 9.5 of the Credit Agreement is amended and restated in its entirety as follows:

(vi)    So long as immediately prior to the creation, assumption or incurring of such Lien, and immediately thereafter, no Default or Event of Default would be in existence, Liens on Properties securing Indebtedness not prohibited hereunder.
		
	s.
	Section 9.7 is amended to delete clause (f) thereof; to insert “or” at the end of clause (d) thereof; and to replace the semi-colon (“;”) appearing at the end of clause (e) thereof with a period (“.”).

		
	t.
	Section 10.10(a) of the Credit Agreement is amended to delete the phrase “7.5% rate” now appearing therein and to substitute “7.0% rate” therefor.

		
	u.
	Section 13.4 of the Credit Agreement is amended to insert the phrase “(and stated interest)” after the phrase “and principal amounts” now appearing therein.

		
	v.
	Section 13.7 of the Credit Agreement is amended to delete the phrase “comply with Section 4.5(ii)” now appearing therein and to substitute the phrase “comply with Section 4.5(iv)” therefor.

		
	w.
	Section 14.6 of the Credit Agreement is amended to delete the phrase “as determined by a court” now appearing therein and to substitute the phrase “are determined by a court” therefor.

		
	x.
	Each of Section 14.13(a)(i) and section 14.13(a)(ii) of the Credit Agreement is amended to insert the phrase “(including the Prepayment Premium pursuant to Section 2.24(c))” after the phrase “or any fees” now appearing therein.

		
	y.
	Section 15.1 of the Credit Agreement is amended to delete the phrase “Samuel Supple” now appearing therein and to substitute the phrase “Scott Solis” therefor.

 
		
	3.
	Conditions to Effectiveness.    This First Amendment shall not be effective until the Administrative Agent shall have received counterparts of this First Amendment duly executed and delivered by the Borrower, the General Partner, the Administrative Agent, and the Required Lenders.

		
	4.
	Representations and Warranties.  Except for changes in factual circumstances specifically and expressly permitted under the Loan Documents, the representations and warranties of the Borrower and each other Loan Party contained in Article VI of the Credit Agreement or any other Loan Document to which any of them is a party, are true and correct on and as of the date hereof except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such representation or warranty is true and correct on and as of such earlier date.

		
	5.
	Limited Amendment; Ratification of Loan Documents.  Except as specifically amended or modified hereby, the terms and conditions of the Credit Agreement and the other Loan Documents shall remain in full force and effect, and are hereby ratified and affirmed in all respects.  This First Amendment shall not be deemed a waiver of, or consent to, or a modification or amendment of, any other term or condition of the Credit Agreement or any other Loan Document, except as expressly set forth herein.

		
	6.
	Governing Law. This First Amendment shall be governed by and construed in accordance with the internal laws (and not the law of conflicts) of the State of Illinois, but giving effect to federal laws applicable to national banks.

 
		
	7.
	Miscellaneous. This First Amendment may be executed in any number of counterparts, which shall together constitute an entire original agreement, and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.  This First Amendment expresses the entire understanding of the parties with respect to the transactions contemplated hereby.  No prior negotiations or discussions shall limit, modify, or otherwise affect the provisions hereof.  Any determination that any provision of this First Amendment or any application hereof is invalid, illegal, or unenforceable in any respect and in any instance shall not affect the validity, legality, or enforceability of such provision in any other instance, or the validity, legality, or enforceability of any other provisions of this First Amendment.  Each of the Borrower and the General Partner represents and warrants that it has consulted with independent legal counsel of its selection in connection herewith and is not relying on any representations or warranties of the Administrative Agent or the Lenders or their counsel in entering into this First Amendment. This First Amendment shall constitute a Loan Document.

*******

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

FIRST INDUSTRIAL, L.P., as the Borrower

By:    FIRST INDUSTRIAL REALTY TRUST, INC.,
its General Partner

By: /s/ Scott A. Musil     
Name:    Scott A. Musil 
Title:    Chief Financial Officer

FIRST INDUSTRIAL REALTY TRUST, INC., as General Partner

By: /s/ Scott A. Musil    
Name:    Scott A. Musil 
Title:    Chief Financial Officer 

WELLS FARGO BANK, NATIONAL ASSOCIATION,
as Administrative Agent and a Lender

By: /s/ Brandon H. Barry    
Name:    Brandon H. Barry
Title:    Vice President

PNC BANK, NATIONAL ASSOCIATION,
individually as a Lender and as Syndication Agent

By: /s/ Joel Dalson    
Name:    Joel Dalson
Title:    Senior Vice President

REGIONS BANK,
as a Lender

By: /s/ T. Barrett Vawter    
Name:    T. Barrett Vawter
Title:    Vice President

MUFG UNION BANK, N.A.,
successor to Union Bank, N.A., as a Lender

By: /s/ John Kennedy    
Name:    John Kennedy
Title:    Vice President
 

FIFTH THIRD BANK,
an Ohio banking corporation, as a Lender

By: /s/ Michael Glandt    
Name:    Michael Glandt
Title:    Vice President

The undersigned, as Guarantor under that certain Guaranty dated as of January 29, 2014, hereby consents to the foregoing First Amendment to Credit Agreement and acknowledges and agrees that the Guaranty dated as of January 29, 2014 and executed by the undersigned remains in full force and effect.

FIRST INDUSTRIAL REALTY TRUST, INC., as Guarantor

By: /s/ Scott A. Musil    
Name:    Scott A. Musil
       Title:    Chief Financial Officer

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