SEC Contract Filing

Filing Date: 2016-02-22

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>8
<FILENAME>d138734dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>GLADSTONE COMMERCIAL LIMITED PARTNERSHIP </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>AMENDED SCHEDULE 4.2(a)(2) TO FIRST 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 </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>DESIGNATION OF </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>7.50%
SERIES B CUMULATIVE REDEEMABLE PREFERRED UNITS </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:8%; font-size:10pt; font-family:Times New Roman">Gladstone Commercial Limited Partnership, a Delaware limited partnership (the
&#147;Partnership&#148;) hereby amends Schedule 4.2(a)(2) (the &#147;Original Schedule&#148;) to the First Amended and Restated Agreement of Limited Partnership (the &#147;Partnership Agreement) as follows: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Section (i) is replaced with the following language: </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:8%; font-size:10pt; font-family:Times New Roman"><B><U>Reclassification</U></B>. A series
of Preferred Units, designated the &#147;7.50% Series&nbsp;B Cumulative Redeemable Preferred Units&#148; (the &#147;Series&nbsp;B Preferred Units&#148;), is hereby established. 1,600,000 designated but unissued units of Senior Common Units of the
Partnership is hereby reclassified and designated as the Series B Preferred Units in addition to 1,150,000 previously designated units. The number of Series B Preferred Units shall be 2,750,000 with all preferences, conversion and other rights,
voting powers, restrictions, limitations as to dividends and other distributions, qualifications and terms and conditions of redemption as set forth in the Original Schedule and the Partnership Agreement. </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"><B><U>General</U></B>. This amendment has been approved by GCLP Business Trust II, a Massachusetts business trust, and General Partner of the Partnership pursuant to the Partnership Agreement. </TD></TR></TABLE>
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