SEC Contract Filing

Filing Date: 2015-08-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101-08x10x2015.htm
<DESCRIPTION>EXHIBIT 10.1
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<a name="sDA7140A871C90273DBF5E5063C7933CF"></a><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit 10.1</font></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div></div><br><div style="line-height:120%;padding-bottom:4px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">REPRESENTATIONS, WARRANTIES AND AGREEMENTS</font></div><div style="line-height:120%;padding-bottom:4px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">OF</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">COHEN &amp; STEERS CAPITAL MANAGEMENT, INC.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The undersigned hereby certifies to Brandywine Realty Trust, a Maryland real estate investment trust (the &#8220;Company&#8221;), that he is the duly appointed Executive Vice President of Cohen &amp; Steers Capital Management, Inc., a New York corporation (&#8220;C&amp;S&#8221;), and on behalf of C&amp;S, pursuant to due authorization, does further hereby certify, represent, warrant, and agree that:</font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:inherit;font-size:11pt;">1.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">C&amp;S understands that the representations, warranties and agreements contained herein are made in order to obtain an exception for C&amp;S to the ownership limitations (the &#8220;Ownership Limit&#8221;) set forth in the Declaration of Trust, as amended to date (the &#8220;Articles&#8221;), of the Company. Such exception, which is sought with respect to the common shares of beneficial interest of the Company (the &#8220;Common Shares&#8221;) and the series of preferred shares of beneficial interest of the Company designated &#8220;6.90% Series E Cumulative Redeemable Preferred Shares&#8221; (the &#8220;Series E Preferred Shares&#8221; and, together with the Common Shares, the &#8220;Shares&#8221;), will allow C&amp;S to be a &#8220;beneficial owner,&#8221; as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended (a &#8220;Rule 13d-3 Owner&#8221;), of up to, but not in excess of, 15.0% of the value of all outstanding Shares (the &#8220;C&amp;S Shares&#8221;).</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:inherit;font-size:11pt;">2.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">C&amp;S&#8217;s ownership, as a Rule 13d-3 Owner, of the C&amp;S Shares will not result in any Individual being the Tax Owner of Shares in excess of 9.8% of the value of all outstanding Shares. As used herein, the term &#8220;Tax Owner&#8221; of Shares shall mean the person who is considered to own such Shares applying the rules of Section 856(h) of the Internal Revenue Code of 1986 (the &#8220;Code&#8221;), including the relevant provisions of Section 542(a)(2) and Section 544 as modified by Section 856(h) of the Code. The term &#8220;Individual&#8221; shall mean a natural person or an organization treated as an individual under the provisions of Section 542(a)(2) of the Code, applying the relevant rules of Section 856(h) of the Code. </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:inherit;font-size:11pt;">3.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Neither C&amp;S nor any Investor owns directly or indirectly any stock or other equity interest in excess of 9.8% in any Tenant. The term &#8220;Investor&#8221; means any owner of C&amp;S or any open-end or closed-end fund for which C&amp;S or an affiliate acts as an investment advisor. The term &#8220;Tenant&#8221; means any entity that leases space from the Company or from any direct or indirect subsidiary partnership, corporation or limited liability company in which Company owns an interest. C&amp;S shall notify the Company in the event that C&amp;S or any Investor acquires any stock or other equity interest in excess of 9.8% in any Tenant.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:16px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:inher