SIXTH AMENDMENT TO
AMENDED AND RESTATED
AGREEMENT OF LIMITED PARTNERSHIP OF
NET 3 ACQUISITION
L.P.
This SIXTH AMENDMENT TO AMENDED AND RESTATED
AGREEMENT OF LIMITED PARTNERSHIP
OF NET 3 ACQUISITION L.P.
(this “ Amendment ”) is made as of April 24,
2009 and effective as of March 26, 2009 by and among the entities
and individuals signatory hereto.
A.
Net 3 Acquisition L.P., a Delaware
limited partnership (the “ Partnership ”), is
governed by that certain Amended and Restated Agreement of Limited
Partnership, dated effective as of November 28, 2001, as amended by
that certain First Amendment effective as of November 28, 2001,
that certain Second Amendment effective as of June 19, 2003, that
certain Third Amendment effective as of June 30, 2003, that certain
Fourth Amendment effective as of December 8, 2004, and that certain
Fifth Amendment effective as of January 3, 2005 (the “
Agreement ”). Unless otherwise defined, all
capitalized terms used herein shall have such meaning ascribed such
terms in the Agreement.
B. Lex
GP-1 Trust, a Delaware statutory trust, is the General Partner of
the Partnership.
C. Pursuant
to Section 14.1.B.2 of the Agreement, the General Partner has the
power, without the consent of any other Partner, to amend the
Agreement as may be required to cure an ambiguity, correct or
supplement any provision in the Agreement not inconsistent with law
or with other provisions.
NOW, THEREFORE , the undersigned, being desirous of
effectuating the foregoing and amending the Agreement accordingly,
hereby enter into this Amendment, and amend the Agreement and any
supplement to the Agreement entered into prior to the date hereof,
as follows:
1.
Amendment to Article 1 . The defined term
“Redemption Factor” and “Special Limited Partner
Unit Distribution Amounts” are hereby deleted in their
entirety and replaced with the following:
“ Redemption Factor ” means
1.0, provided that in the event that LXP (i) declares or pays a
dividend on its outstanding REIT Shares in REIT Shares or makes a
distribution to all holders of its outstanding REIT Sh