SEC Contract Filing

Filing Date: 2017-03-14

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>d335200dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDMENT TO THE </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED AND RESTATED </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AGREEMENT OF LIMITED PARTNERSHIP OF </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CITY OFFICE REIT OPERATING PARTNERSHIP, L.P. </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>March&nbsp;9, 2017 </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">THIS
SECOND AMENDMENT TO THE AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF CITY OFFICE REIT OPERATING PARTNERSHIP, L.P. (this &#147;Amendment&#148;), dated as of March 9, 2017, is entered into by CITY OFFICE REIT, INC., a Maryland corporation,
as the sole general partner (the &#147;General Partner&#148;) and a limited partner of CITY OFFICE REIT OPERATING PARTNERSHIP, L.P., a Maryland limited partnership (the &#147;Partnership&#148;) and SECOND CITY GENERAL PARTNER II, L.P., a Delaware
limited partnership and a limited partner of the Partnership. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the Amended and Restated Agreement of Limited Partnership of the
Partnership was executed on April&nbsp;21, 2014 (as now or hereafter amended, restated, modified, supplemented or replaced, the &#147;Partnership Agreement&#148;); and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, the General Partner executed the First Amendment to the Partnership Agreement on September&nbsp;30, 2016; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, Section&nbsp;8.8 of the Partnership Agreement provides for certain board nomination rights and other applicable rights in favor of
Second City, and, for so long as Second City has the right or prospective right to exercise such rights as set forth in Section&nbsp;8.8 of the Partnership Agreement, Section&nbsp;8.8 of the Partnership Agreement may not be amended without the prior
written consent of Second City; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, &#147;Second City&#148;, for purposes of Section&nbsp;8.8 of the Partnership Agreement, is
comprised of four separate entities, Second City General Partner II, L.P., CIO OP Limited Partnership, CIO REIT Stock Limited Partnership and Gibralt US, Inc.; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, of the four entities comprising Second City and named in the immediately preceding recital, only Second City General Partner II, L.P.
continues to hold a partnership interest in the Partnership on the date hereof, and the remaining three entities comprising Second City no longer own any partnership interests in the Partnership on the date hereof; and </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">WHEREAS, pursuant to the authority granted to the Partners pursuant to Article 14 of the Partnership Agreement and pursuant to Section 8.8(G)
of the Partnership Agreement, and as authorized by the resolutions of the Board of Directors of the General Partner dated as of March&nbsp;9, 2017, the Partners and Second City desire to amend the Partnership Agreement, or to consent and agree to
the amendment of the Partnership Agreement, as the case may be, to eliminate Section&nbsp;8.8 of the Partnership Agreement. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">NOW, THEREFORE, in consideration of good and valuable consideration, the receipt and sufficiency
of which hereby are acknowledged, the Partners hereby amend, and the entities comprising Second City other than Second City General Partner II, L.P. hereby consent and agree to the amendment of, the Partnership Agreement as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. Each of CIO OP Limited Partnership, CIO REIT Stock Limited Partnership and Gibralt US, Inc., by executing this Amendment, does hereby
confirm that it does not hold any partnership interest in the Partnership and is no longer a Partner in the Partnership. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. Section 8.8 of
the Partnership Agreement is hereby deleted in its entirety. Accordingly, any and all present or prospective rights of Second City that may otherwise exist thereunder are hereby irrevocably terminated and extinguished by mutual agreement of the
parties to this Amendment. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">3. Except as specifically amended hereby, the Partnership Agreement remains in full force and effect. </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">4. The foregoing recitals are incorporated in and are made a part of