Document:

Exhibit
10.1.6

 

FIFTH AMENDMENT TO

SECOND AMENDED AND
RESTATED

LIMITED PARTNERSHIP
AGREEMENT OF

CORPORATE OFFICE
PROPERTIES, L.P.

 

THIS FIFTH AMENDMENT (the “Amendment”) to the Second
Amended and Restated Limited Partnership Agreement of Corporate Office Properties,
L.P., a Delaware limited partnership (the “Partnership”) is made and entered
into as of January 25, 2001, by and among the undersigned parties.

 

Recitals

 

A.            The
Partnership is a limited partnership organized under the Delaware Revised
Uniform Limited Partnership Act (the “Act”) and governed by that certain Second
Amended and Restated Limited Partnership Agreement dated as of January, 1999,
as amended by that certain First Amendment to Second Amended and Restated
Limited Partnership Agreement dated as of December 21, 1999, that certain
Second Amendment to Second Amended and Restated Limited Partnership Agreement
dated as of December 21, 1999, that certain Third Amendment to Second Amended
and Restated Limited Partnership Agreement dated as of September 29, 2000, and
that certain Fourth Amendment to Second Amended and Restated Limited
Partnership Agreement dated as of November 27, 2000 (as amended, the
“Agreement”).

 

B.            The
sole general partner of the Partnership is Corporate Office Properties Trust, a
real estate investment trust formed under the laws of the State of Maryland
(the “General Partner”).

 

C.            The
General Partner has issued a promissory note (the “Note”) that is convertible
at any time after January 25, 2001 by the holder thereof or the General Partner
into 544,000 Series D Cumulative Convertible Redeemable Preferred Shares, par
value $.01, of the General Partner (the “Series D Preferred REIT Shares”).

 

D.            As
required under Sections 4.2(B) and (C) of the Agreement, the General Partner
has transferred the net proceeds of the Note (or cause them to be transferred)
to or for the benefit of the Partnership in exchange for Partnership Interests
in the Partnership having terms substantially the same as the Note (the
“Partnership Note”), and upon Conversion of the Note on the date hereof, the
Partnership Note is being converted into Preferred Units having designations,
rights and preferences substantially similar to the economic rights of the
holders of the Series D Preferred REIT Shares (the “Series D Preferred Units”).

 

E.             The
General Partner desires to amend the Agreement to acknowledge the contribution
of the net proceeds of the Note by the General Partner to the Partnership in
exchange for the Partnership Note and provide for the Conversion of the
Promissory Note into the Series D Preferred Units as set forth below.  Unless otherwise defined herein, all

 

 

capitalized terms used in this Amendment shall have the same meanings
as set forth in the Agreement.

 

NOW THEREFORE, in consideration of the foregoing and
of the mutual premises set forth herein, the General Partner, intending to be
legally bound hereby, hereby amends the Agreement as follows, effective as of
the date set forth above.

 

1.                                       The
foregoing recitals to this Amendment are hereby incorporated in and made a part
of this Amendment.

 

(a)           Upon
the conversion of the Note and the simultaneous conversion of the Partnership
Note on the date hereof, the Partnership is issuing to the General Partner
544,000 Series D Preferred Units, equal to the number of Series D Preferred
REIT Shares issued by the General Partner upon conversion of the Note.

 

(b)           For
purposes of the Agreement, including the maintenance of Capital Accounts, the
General Partner shall be treated as making a Capital Contribution of
$11,968,000, equal to the product of $22.00 times the number of Series D
Preferred Units issued to the General Partner.

 

(c)           The
General Partner is hereby amending Exhibit 1 to the Agreement by substituting
for the existing addendum to Exhibit 1 the Addendum to Exhibit 1 in the form
attached hereto to reflect the issuance of the Series D Preferred Units to the
General Partner.

 

2.             Except
as explicitly modified by this Amendment, all of the provisions of the
Agreement are hereby ratified and confirmed, and shall remain in full force and
effect.

 

(Remainder of Page
Intentionally Left Blank)

 

2

 

In witness whereof, the General Partner has executed
this Amendment as of the day and year first above written.

 

	
   

  	
  CORPORATE OFFICE PROPERTIES TRUST.

  
	
   

  	
  a Maryland Real Estate Investment Trust

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By: 

  	
  /s/ Roger A. Waesche, Jr.

  
	
   

  	
  Name:

  	
  Roger A. Waesche, Jr.

  
	
   

  	
  Title: 

  	
  Senior Vice President and

  Chief Financial Officer

  

 

3

 

Exhibit 1 
Addendum

 

	
  Series

  Preferred

  Units

  	
   

  	
  Preferred
  Limited

  Partner

  	
   

  	
  No. of

  Preferred

  Units

  	
   

  	
  Liquidation

  Preference

  Per

  Preferred

  Unit

  	
   

  	
  Priority

  Percentage

  Return*

  	
   

  	
  Priority

  	
   

  	
  Conversion

  Factor

  	
   

  	
  Conversion

  Commencement

  Date

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  A

  	
   

  	
  General Partner

  	
   

  	
  1

  	
   

  	
  $

  	
  25

  	
   

  	
  1.375

  	
  %

  	
  Senior

  	
   

  	
  1.8748

  	
   

  	
  8/28/2000

  	
   

  
	
  B

  	
   

  	
  General Partner

  	
   

  	
  1,250,000

  	
   

  	
  $

  	
  25

  	
   

  	
  2.50

  	
  %

  	
  Senior

  	
   

  	
  None

  	
   

  	
  N/A

  	
   

  
	
  C

  	
   

  	
  UPG

  	
   

  	
  1,016,662

  	
   

  	
  $

  	
  25

  	
   

  	
  **

  	
   

  	
  Senior

  	
   

  	
  2.381

  	
   

  	
  12/22/2000

  	
   

  
	
  D

  	
   

  	
  General Partner

  	
   

  	
  544,000

  	
   

  	
  $

  	
  25

  	
   

  	
  1.00

  	
  %

  	
  Senior

  	
   

  	
  ***

  	
   

  	
  ***

  	
   

  

 

*                                         Priority
Return Percentage is expressed as a percentage of the Liquidation Preference
per Distribution Period.  See the
Agreement for the definitions of “Priority Return Percentage,” “Liquidation
Preference” and “Distribution Period.”

 

**                                  Priority
Percentage Return for the Series C Preferred Units shall be:

2.25% from December 21, 1999 to December 20, 2009; 

2.625% from December 21, 2009 to December 20, 2014; and

3.00% thereafter.

The Distribution Period for the Series C Preferred
Units shall be each calendar quarter ending March 31, June 30, September 30 and
December 31 of each year.

 

***                           With
respect to any series of Preferred Units issued to the General Partner pursuant
to Section 4.2(B) of the Agreement, the Conversion Commencement Date and the applicable
Conversion Factor shall correspond to the conversion commencement date and
conversion factor of the related issuance of securities by the General Partner
as provided in Section 4.2(B) of the Agreement. See Section 9.8(A)(1) of the
Agreement.

 

4Exhibit
10.1.8

 

Seventh Amendment

To

Second Amended and Restated
Limited Partnership Agreement

Of
Corporate Office Properties, L.P.

 

This Seventh Amendment (the “Amendment”) to the
Second Amended and Restated Limited Partnership Agreement Of Corporate Office
Properties, L.P., a Delaware limited partnership (the “Partnership”), is made
and entered into as of August 30, 2001 by the undersigned.

 

Recitals

 

A.            The
Partnership is a limited partnership organized under the Delaware Revised
Uniform Limited Partnership Act and governed by that certain Second Amended and
Restated Limited Partnership Agreement dated as of December 7, 1999 (the
“Partnership Agreement”).

 

B.            The sole general partner of the
Partnership is Corporate Office Properties Trust, a real estate investment
trust formed under the laws of the State of Maryland (the “General Partner”).

 

C.            Pursuant
to Section 11.1 (b) (iii), the General Partner desires to amend the Partnership
Agreement to reflect the admission, substitution, termination and/or withdrawal
of various limited partners in accordance with the terms of the Partnership
Agreement.

 

NOW THEREFORE, the General Partner, intending to
be legally bound, hereby amends the Partnership Agreement as follows, effective
as of the date first set forth above.

 

1.                                       Exhibit 1, Schedule of
Partners, as attached hereto and by this reference made a part hereof, is
hereby substituted for and intended to replace any prior Exhibit 1 attached to
a prior Amendment to the Partnership Agreement, and as attached hereto shall be
a full and complete listing of all the general and limited partners of the
Partnership as of the date of this Amendment, same being intended and hereby
superceding all prior Exhibit 1 listings.

 

In Witness Whereof, the General Partner has
executed this Amendment as of the day and year first above written.

 

 

	
   

  	
   

  	
  Corporate Office
  Properties Trust, a

  Maryland Real Estate Investment Trust

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Roger A. Waesche,
  Jr.

  	
   

  
	
   

  	
   

  	
   

  	
  Roger
  A. Waesche, Jr.

  
	
   

  	
   

  	
   

  	
  Senior
  Vice President

  

 

Exhibit
1 - Addendum

Schedule of Partners

 

	
  General Partner

  	
   

  	
  Partnership
  Units

  	
   

  
	
  Corporate Office
  Properties Trust

  	
   

  	
  18,475,902

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  Limited Partners
  and Preferred Limited Partners

  	
   

  	
   

  	
   

  
	
  United
  Properties Group, Incorporated

  	
   

  	
   

  	
   

  
	
  Jay H. Shidler

  	
   

  	
  452,878

  	
   

  
	
  Shidler
  Equities, L.P.

  	
   

  	
  2,217,182

  	
   

  
	
  Clay W. Hamlin,
  III

  	
   

  	
  417,138

  	
   

  
	
  LBCW Limited
  Partnership

  	
   

  	
  3,246,007

  	
   

  
	
  CHLB Partnership

  	
   

  	
  212,316

  	
   

  
	
  Robert L. Denton

  	
   

  	
  434,910

  	
   

  
	
  James K. Davis

  	
   

  	
  51,589

  	
   

  
	
  John E. De B.
  Blockey, Trustee of the John E. de B. Blockey Living Trust dated 9/12/88

  	
   

  	
  300,625

  	
   

  
	
  Henry  D. Bullock

  	
   

  	
  116,553

  	
   

  
	
  Frederick K. Ito
  Trust

  	
   

  	
  29,140

  	
   

  
	
  June Y. I. Ito
  Trust

  	
   

  	
  29,135

  	
   

  
	
  Bernice Reger

  	
   

  	
  268,671

  	
   

  
	
  Denise J.
  Liszewski

  	
   

  	
  34,333

  	
   

  
	
  Samuel Tang

  	
   

  	
  22,889

  	
   

  
	
  Lawrence J. Taff

  	
   

  	
  13,733

  	
   

  
	
  Kimberly F.
  Acquino

  	
   

  	
  5,874

  	
   

  
	
  M.O.R. XXIX
  Associates Limited Partnership

  	
   

  	
  148,381

  	
   

  
	
  M.O.R. 44
  Gateway Associates Limited Partnership

  	
   

  	
  1

  	
   

  
	
  John Parsinen

  	
   

  	
  90,000

  	
   

  
	
  John D.
  Parsinen, Jr.

  	
   

  	
  10,000

  	
   

  
	
  New Parkway
  Domain Group Enterprises, LLC

  	
   

  	
  206,768

  	
   

  
	
  M.O.R. Commons
  Limited Partnership

  	
   

  	
  7

  	
   

  
	
  John Edward De
  Burgh Blockey and Sanda Juanita Blockey

  	
   

  	
  50,476

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  RA&DM, Inc.

  	
   

  	
  3,103

  	
   

  
	
  Manekin
  Investment Associates 3, LLC

  	
   

  	
  307,239

  	
   

  
	
   

  	
   

  	
  27,144,850

  	
   

  

 

2

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