Company: HPP
Filing Date: 2025-02-25
Form Type: POSASR
Source: 0001193125-25-035221
Chunk: 55

Company: Hudson Pacific Properties, Inc.
Filing Date: 2025-02-25
Form: POSASR
Chunk 55
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 ensure compliance with securities laws. Our operating partnership is required to redeem series C preferred units from the Company in connection with any redemption by the Company of shares of series C preferred stock. See “Description of Preferred Stock—Series C Preferred Stock.” The partnership agreement also provides redemption rights with respect to the Company’s series A preferred units as described below in “—Material Terms of Our Operating Partnership’s Series A Preferred Units.” Transfers and Withdrawals The partnership agreement restricts the transferability of units. Any transfer or purported transfer of a unit not made in accordance with the partnership agreement will be void. Restrictions on Transfer by Limited Partners Until the expiration of 14 months from the date on which a limited partner first acquired units, such limited partner generally may not, without the Company’s consent, directly or indirectly transfer all or any portion of its units to any transferee, except for certain permitted transfers to certain affiliates, family members and charities, transfers by a person who was a limited partner upon the completion of the Company’s initial public offering to its stockholders, members, partners or beneficiaries and certain pledges of units to lending institutions in connection with bona fide loans. In addition, except in the case of permitted transfers, the Company has a right of first refusal with respect to any proposed transfers by other limited partners, exercisable within ten business days of notice of the transfer and a description of the proposed consideration to be paid for our operating partnership units. Restrictions on Transfers by General Partner The Company, as general partner, may not transfer any of the Company’s units or other partnership interest, whether by sale, disposition, statutory merger or consolidation, liquidation or otherwise, unless:

| • |     | the Company transfers its units in a merger, consolidation or other combination of the Company’s assets with                                                                                                                                         
 another entity, a sale of all or substantially all of the Company’s assets or a reclassification, recapitalization or change in any outstanding shares of the Company’s stock described below in “—Restrictions on Mergers, Sales,                   
 Transfers and Other Significant Transactions of the General Partner” or the Company receives the prior consent of a majority in interest of the limited partners holding common units (excluding the Company and any limited partner whose equity is 
 owned, directly or indirectly, by the Company);                                                                                                                                                                                                      |

| • |     | the transferee is admitted as a general partner pursuant to the terms of the partnership agreement; |

| • |     | the transferee assumes, by operation of law or express agreement, all of the obligations of