SEC Contract Filing

Filing Date: 2015-08-21

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>a15-17634_1ex10d2.htm
<DESCRIPTION>EX-10.2
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.2</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;">OP PARTNERSHIP AGREEMENT PREFERRED UNIT AMENDMENT</font></u></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Twenty-Second Amendment to the<br> First Amended and Restated Agreement<br> of Limited Partnership<br> of SL Green Operating Partnership, L.P.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">This Amendment is made as of August&nbsp;20, 2015 by SL Green Realty Corp., a Maryland corporation, as managing general partner (the &#147;<b>Company</b>&#148; or the &#147;<b>Managing General Partner</b>&#148;) of SL Green Operating Partnership, L.P., a Delaware limited partnership (the &#147;<b>Partnership</b>&#148;), and as attorney-in-fact for the Persons named on Exhibit&nbsp;A to the First Amended and Restated Agreement of Limited Partnership of SL Green Operating Partnership, L.P., dated as of August&nbsp;20, 1997, as amended from time to time (the &#147;<b>Partnership Agreement</b>&#148;), for the purpose of amending the Partnership Agreement.&#160; Capitalized terms used herein and not defined shall have the meanings given to them in the Partnership Agreement.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, pursuant to that certain agreement of purchase and sale (the &#147;<b>Agreement of Purchase and Sale</b>&#148;), dated as of June&nbsp;18, 2015, by and between Sakele Brothers, LLC, a New York limited liability company (the &#147;<b>Seller</b>&#148;), and 187 Broadway Owner LLC, a Delaware limited liability company (the &#147;<b>Purchaser</b>&#148;), the Purchaser has agreed to acquire certain real property from the Seller in exchange for, among other things, preferred partnership units of the Partnership.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Partnership owns a direct or indirect interest in the Purchaser.</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, Section&nbsp;4.02A of the Partnership Agreement grants the Managing General Partner authority to cause the Partnership to issue interests in the Partnership to Persons other than the Managing General Partner in one or more classes or series, with such designations, preferences and relative, participating optional or other special rights, powers and duties as may be determined by the Managing General Partner in its sole and absolute discretion, subject to applicable Delaware law.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Managing General Partner has determined that, in connection with the issuance of the preferred partnership units contemplated by the Agreement of Purchase and Sale, it is necessary and desirable to amend the Partnership Agreement to create and set forth the terms of the preferred partnership units having the designations, rights and preferences set forth herein.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, solely to the extent necessary to effect the establishment of the Series&nbsp;S Preferred Units (as defined herein) with the terms and conditions described herein, the following shall be deemed to amend Articles V and VI and Section&nbsp;8.06 of the Partnership Agreement.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Managing General Partner hereby amends the Partnership Agreement as follows:</font></p>
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<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; Article&nbsp;I of the Partnership Agreement is hereby amended by