FOURTH AMENDMENT TO
SECOND AMENDED AND RESTATED AGREEMENT
OF LIMITED PARTNERSHIP OF
WEEKS REALTY, L.P.
THIS FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED AGREEMENT OF LIMITED
PARTNERSHIP OF WEEKS REALTY, L.P. (the "Fourth Amendment"), dated as of August
1, 1997, is entered into by Weeks GP Holdings, Inc., as general partner (the
"General Partner") of Weeks Realty, L.P. (the "Partnership"), for itself and on
behalf of the Limited Partners of the Partnership.
RECITALS
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WHEREAS, on the date hereof, Harold S. Lichtin Family Limited Partnership,
a North Carolina limited partnership (the "Family Partnership"), has acquired
119,293 Partnership Units from Perimeter Park West Associates Limited
Partnership, a North Carolina limited partnership; 15,380 Partnership Units from
Regency Forest, LLC, a North Carolina limited liability company; 243,217
Partnership Units from Harold S. Lichtin, an individual resident of North
Carolina; and 1,228 Partnership Units from Noel A. Lichtin, an individual
resident of North Carolina;
WHEREAS, the Family Partnership has agreed pursuant to that certain
Agreement of Substitution dated as of the date hereof to be bound by all of the
terms, conditions and other provisions of the Second Amended and Restated
Agreement of Limited Partnership of the Partnership, as amended (the
"Partnership Agreement"); and
WHEREAS, pursuant to the Partnership Agreement (including, without
limitation, Section 9.2 and Section 15.7(b)(ii) thereof), the General Partner is
authorized (without the consent of any Limited Partner) to admit such
substituted Limited Partners to the Partnership as are determined by the General
Partner to be appropriate.
NOW THEREFORE, in consideration of the premises and for good and valuable
consideration, the General Partner hereby amends the Partnership Agreement to
add the Family Partnership as a substituted Limited Partner of the Partnership
on the terms and conditions set forth in the Partnership Agreement. The
Percentage Interests of all of the Partners have been revised and are as set
forth on Exhibit A attached hereto.
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All capitalized terms used herein and not otherwise defined shall have the
meanings assigned to them in the Partnership Agreement. Except as modified
herein, all covenants, terms and conditions of the Partnership Agreement shall
remain in full force and effect, which covenants, terms and conditions the
General Partner hereby ratifies and affirms.
IN WITNESS WHEREOF, the undersigned has executed this Fourth Amendment as
of the 1st day of August, 1997.
WEEKS GP HOLDINGS, INC.
By:
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Name:
Title:
Exhibit A
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PARTNERSHIP UNITS/PERCENTAGE INTERESTS
All Partners
Partner Units Percentage Interest
- ------- ----------- -------------------
Weeks GP Holdings, Inc. 237,503 1.041%
Weeks LP Holdings, Inc. 17,446,123 76.434%
NWI Warehouse Group, L.P. 1,833,749 8.034%
A. Ray Weeks, Jr. 614,079 2.690%
John P. Weeks 239,791 1.051%
Marsha L. Weeks 228,047 0.999%
Trust U/W/1/ 212,663 0.932%
Patricia L. Weeks 206,607 0.905%
Deborah Weeks Felker 198,339 0.869%
Trust B/2/ 187,492 0.821%
Weeks Horizon Corp. 116,012 0.508%
Oakdale Land Management, Inc. 110,493 0.484%
Weeks Hillside Corp. 78,145 0.342%
Thomas D. Senkbeil 52,817 0.231%
Weeks Southridge Corp. 42,993 0.188%
Forrest W. Robinson 28,877 0.127%
Harry T. Weeks 27,535 0.121%
Louis C. Robinson 20,016 0.088%
Buckley & Company Real Estate, Inc. 20,000 0.088%
HV, Inc. 17,074 0.075%
Clyde H. Duckett 5,627 0.025%
John C. Atwell 5,627 0.025%
Robert G. Cutlip 5,138 0.023%
Klay W. Simpson 4,110 0.018%
Helen B. Weeks 163,048 0.714%
Mark W. Flowers 1,541 0.007%
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/1/ A. R. Weeks, Jr., as Trustee U/W of Alvin Ray Weeks dated March 1, 1983,
f/b/o Marsha Lee Weeks, A. R. Weeks, Jr., Deborah Weeks Felker, Patricia
Louise Weeks and John Phillip Weeks.
/2/ Harry T. Weeks, A. R. Weeks, Jr., and Martha Patterson Weeks as Trustees
under Trust Agreement dated 10/27/76, as amended, f/b/o Marsha Lee Weeks,
A. R. Weeks, Jr., Deborah Weeks Felker, Patricia Louise Weeks and John
Phillip Weeks.
Partner Units Percentage Interest
- ------- ----------- -------------------
Weeks Management Corp. 1,142 0.005%
RTF Management Corp. 257 0.001%
Marie Antoinette Robertson 267,132 1.170%
Harold S. Lichtin 20,024 0.088%
Perimeter Park West Associates
Limited Partnership 64,689 0.283%
Amy R. Ehrman 2,053 0.009%
Roland G. Robertson 2,053 0.009%
Roderick Duncan 2,928 0.013%
Timothy Nicholls 1,757 0.008%
James McCabe 39 0.000%
Anne Broaddus 1,561 0.007%
Regency Forest LLC 15,380 0.067%
Harold S. Lichtin Family Limited Partnership 342,569 1.501%
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Total 22,825,030 100.000%
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