Exhibit 10.5
FOURTH AMENDMENT TO
SECOND AMENDED AND RESTATED
AGREEMENT OF LIMITED PARTNERSHIP
OF
CARRAMERICA REALTY, L.P.
THIS FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED AGREEMENT
OF LIMITED PARTNERSHIP OF CARRAMERICA REALTY, L.P. (this "Fourth Amendment"),
dated as of December 31, 1998, is entered into by CarrAmerica Realty GP
Holdings, Inc., a Delaware corporation, as general partner (the "General
Partner") of CarrAmerica Realty, L.P. (the "Partnership"), for itself and on
behalf of the limited partners of the Partnership.
WHEREAS, pursuant to the authority granted to the General
Partner pursuant to the Second Amended and Restated Agreement of Limited
Partnership of the Partnership (the "Partnership Agreement"), the General
Partner desires to amend the Partnership Agreement to amend and restate Exhibit
A thereto to reflect various issuances of Class B Units to the General Partner
and CarrAmerica Realty LP Holdings, Inc.
NOW, THEREFORE, in consideration of the premises and for other
good and valuable consideration, the receipt and sufficiency of which hereby are
acknowledged, the General Partner hereby amends Exhibit A to the Partnership
Agreement by replacing such Exhibit A with the Exhibit A attached to this Fourth
Amendment.
All capitalized terms used in this Fourth Amendment and not
otherwise defined shall have the meanings assigned in the Partnership Agreement.
Except as modified herein, all terms and conditions of the Partnership Agreement
shall remain in full force and effect, which terms and conditions the General
Partner hereby ratifies and affirms.
IN WITNESS WHEREOF, the undersigned has executed this Fourth
Amendment as of the date first set forth above.
CARRAMERICA REALTY GP HOLDINGS, INC.,
as General Partner of CarrAmerica Realty, L.P.
and on behalf of the Limited Partners of
CarrAmerica Realty, L.P.
By: /s/ Linda A. Madrid
-----------------------------------
Name: Linda A. Madrid
-----------------------------------
Title: Secretary
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EXHIBIT A
PARTNERS AND PARTNERSHIP INTERESTS
CLASS A CLASS B CLASS C
PARTNERSHIP PARTNERSHIP PARTNERSHIP
NAME AND ADDRESS OF PARTNER UNITS UNITS UNITS
--------------------------- ----- ----- -----
GENERAL PARTNER:
CarrAmerica Realty GP 143,622
Holdings, Inc. Class B Units
1700 Pennsylvania Avenue, N.W.
Washington D.C. 20006
LIMITED PARTNERS:
CarrAmerica Realty LP 12,441,008
Holdings, Inc. Class B Units
1700 Pennsylvania Avenue, N.W.
Washington D.C. 20006
Jeffrey L. Minch 190,796 243,795
1402 Etheredge Class A Units Class C Units
Austin, Texas 78703
Frank P. Krasovec 164,588 243,795
c/o Littlefield Real Estate Company Class A Units Class C Units
Congress at 6th Street
Austin, Texas 78701
Carlton R. Williams, Jr. 52,003
c/o Littlefield Real Estate Company Class C Units
Congress at 6th Street
Austin, Texas 78701
CLASS D CLASS E AGREED INITIAL
PARTNERSHIP PARTNERSHIP CAPITAL PERCENTAGE
NAME AND ADDRESS OF PARTNER UNITS UNITS ACCOUNT INTEREST
--------------------------- ----- ----- ------- --------
GENERAL PARTNER:
CarrAmerica Realty GP $ 4,129,273 1.00%
Holdings, Inc. (1.14% of
1700 Pennsylvania Avenue, N.W. Class B Units)
Washington D.C. 20006
LIMITED PARTNERS:
CarrAmerica Realty LP $349,060,750 86.62%
Holdings, Inc. (98.86% of
1700 Pennsylvania Avenue, N.W. Class B Units)
Washington D.C. 20006
Jeffrey L. Minch $10,484,508 3.03%
1402 Etheredge (20.08% of
Austin, Texas 78703 Class A Units,
45.18% of
Class C Units)
Frank P. Krasovec $9,852,240 2.85% (17.32% of
c/o Littlefield Real Estate Company Class A Units,
Congress at 6th Street 45.18% of
Austin, Texas 78701 Class C Units)
Carlton R. Williams, Jr. $1,254,572 0.36%
c/o Littlefield Real Estate Company (9.64% of
Congress at 6th Street Class C Units)
Austin, Texas 78701
CLASS A CLASS B CLASS C
PARTNERSHIP PARTNERSHIP PARTNERSHIP
NAME AND ADDRESS OF PARTNER UNITS UNITS UNITS
--------------------------- ----- ----- -----
Plaza Developers Holdings LLC 11,452
7600 East Orchard Road Class A Units
Suite 430N
Englewood, Colorado 80111
Bristol Plaza 3,781
3100 Bristol Street Class A Units
Suite 260
Costa Mesa, California 92626
Bannockburn General Partnership 144,094
1401 Oak Knoll Avenue Class A Units
Pasadena, California 91106
James Lee Sorenson 100,016
1405 East Siesta Drive Class A Units
Sandy, Utah 84093
Ralph B. Johnson 100,016
433 East Holstein Way Class A Units
Murray, Utah 84107
Joseph T. Sorenson 9,162
437 Evesham Drive Class A Units
Murray, Utah 84107
F. Tim Fenton 9,162
6290 Shenandoah Park Avenue Class A Units
Salt Lake City, Utah 84107
James LeVoy Sorenson 84,789
2511 South West Temple Class A Units
Salt Lake City, Utah 84115
CLASS D CLASS E AGREED INITIAL
PARTNERSHIP PARTNERSHIP CAPITAL PERCENTAGE
NAME AND ADDRESS OF PARTNER UNITS UNITS ACCOUNT INTEREST
--------------------------- ----- ----- ------- --------
Plaza Developers Holdings LLC $280,000 0.08%
7600 East Orchard Road (1.21% of
Suite 430N Class A Units)
Englewood, Colorado 80111
Bristol Plaza $100,000 0.03%
3100 Bristol Street (0.40% of
Suite 260 Class A Units)
Costa Mesa, California 92626
Bannockburn General Partnership $4,553,364 1.00%
1401 Oak Knoll Avenue (15.17% of
Pasadena, California 91106 Class A Units)
James Lee Sorenson $2,945,465 0.70%
1405 East Siesta Drive (10.53% of
Sandy, Utah 84093 Class A Units)
Ralph B. Johnson $2,945,465 0.70%
433 East Holstein Way (10.53% of
Murray, Utah 84107 Class A Units)
Joseph T. Sorenson $269,838 0.06%
437 Evesham Drive (0.96% of
Murray, Utah 84107 Class A Units)
F. Tim Fenton $269,838 0.06%
6290 Shenandoah Park Avenue (0.96% of
Salt Lake City, Utah 84107 Class A Units)
James LeVoy Sorenson $2,497,036 0.59%
2511 South West Temple (8.93% of
Salt Lake City, Utah 84115 Class A Units)
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CLASS A CLASS B CLASS C
PARTNERSHIP PARTNERSHIP PARTNERSHIP
NAME AND ADDRESS OF PARTNER UNITS UNITS UNITS
--------------------------- ----- ----- -----
MSI, Inc. 132,255
Arrow Press Square Class A Units
165 South West Temple
Suite 300
Salt Lake City, Utah 84101
Gary S. Carr, Trustee of the Carr Family
Trust u/d/t/ dated June 20, 1985
2560 Peninsula Road
Oxnard, California 93035
Jack D. McCormick, Trustee of the
McCormick Family Trust
u/d/t dated January 20, 1982
5243 East Desert Park Lane
Paradise Valley, Arizona 85253
Robert D. Lambert and Patricia M.
Lambert, Co-Trustees of the Lambert
Family Trust u/d/t/ dated
September 3, 1980
7241 Whitehall Lane
West Hills, California 91307
Raymond S. Lambert and Rose M.
Lambert, Co-Trustees of the Lambert
Family Trust u/d/t/ dated
November 14, 1980
17447 Parthenia Street
Northridge, California 91352
Patricia S. Carr, Trustee of the
Patricia S.
Carr Living Trust u/d/t/ dated
May 19, 1993
1560 Grandview
Glendale, California
CLASS D CLASS E AGREED INITIAL
PARTNERSHIP PARTNERSHIP CAPITAL PERCENTAGE
NAME AND ADDRESS OF PARTNER UNITS UNITS ACCOUNT INTEREST
--------------------------- ----- ----- ------- --------
MSI, Inc. $3,894,898 0.92%
Arrow Press Square (13.92% of
165 South West Temple Class A Units)
Suite 300
Salt Lake City, Utah 84101
Gary S. Carr, Trustee of the Carr Family 24,408 $712,409 0.17%
Trust u/d/t/ dated June 20, 1985 Class D Units (8.99% of
2560 Peninsula Road Class D Units)
Oxnard, California 93035
Jack D. McCormick, Trustee of the 48,816 $1,424,817 0.34%
McCormick Family Trust Class D Units (17.99% of
u/d/t dated January 20, 1982 Class D Units)
5243 East Desert Park Lane
Paradise Valley, Arizona 85253
Robert D. Lambert and Patricia M.
Lambert, Co-Trustees of the Lambert 86,865 $2,535,372 0.61%
Family Trust u/d/t/ dated Class D Units (32.01% of
September 3, 1980 Class D Units)
7241 Whitehall Lane
West Hills, California 91307
Raymond S. Lambert and Rose M. 86,865 $2,535,372 0.61%
Lambert, Co-Trustees of the Lambert Class D Units (32.01% of
Family Trust u/d/t/ dated Class D Units)
November 14, 1980
17447 Parthenia Street
Northridge, California 91352
Patricia S. Carr, Trustee of the 24,409 $712,438 0.17%
Patricia S. Class D Units (8.99% of
Carr Living Trust u/d/t/ dated Class D Units)
May 19, 1993
1560 Grandview
Glendale, California
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CLASS A CLASS B CLASS C
PARTNERSHIP PARTNERSHIP PARTNERSHIP
NAME AND ADDRESS OF PARTNER UNITS UNITS UNITS
--------------------------- ----- ----- -----
Phoenix West Associates, Ltd.
2295 Corporate Boulevard, NW
Suite 222
Boca Raton, Florida 33431
Versailles Associates Limited
Partnership
2295 Corporate Boulevard, NW
Suite 222
Boca Raton, Florida 33431
Lakeview 436 Associates, Ltd.
2295 Corporate Boulevard, NW
Suite 222
Boca Raton, Florida 33431
Pines Realty Associates, Ltd.
2295 Corporate Boulevard, NW
Suite 222
Boca Raton, Florida 33431 ____________ __________ __________
TOTAL: 950,111 12,584,630 539,593
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CLASS D CLASS E AGREED INITIAL
PARTNERSHIP PARTNERSHIP CAPITAL PERCENTAGE
NAME AND ADDRESS OF PARTNER UNITS UNITS ACCOUNT INTEREST
--------------------------- ----- ----- ------- --------
Phoenix West Associates, Ltd. 5,884 $176,157 .04%
2295 Corporate Boulevard, NW Class E Units (35.62% of
Suite 222 Class E Units)
Boca Raton, Florida 33431
Versailles Associates Limited 5,039 $150,864 .04%
Partnership Class E Units (30.50% of
2295 Corporate Boulevard, NW Class E Units)
Suite 222
Boca Raton, Florida 33431
Lakeview 436 Associates, Ltd. 2,748 $82,275 .02%
2295 Corporate Boulevard, NW Class E Units (16.63% of
Suite 222 Class E Units)
Boca Raton, Florida 33431
Pines Realty Associates, Ltd. 2,849 $85,299 .02%
2295 Corporate Boulevard, NW Class E Units (17.25% of
Suite 222 Class E Units)
Boca Raton, Florida 33431 __________ __________ _____________ ____________
TOTAL: 271,363 16,520 $400,952,250 100.00%
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