EX-10.1





 Exhibit 10.1 

EXECUTION VERSION 

INCREMENTAL ASSUMPTION AGREEMENT dated as of March 4, 2019 (this “Agreement”), among CBRE
SERVICES, INC., a Delaware corporation (the “U.S. Borrower”), CBRE LIMITED, a limited company organized under the laws of England and Wales (with company no: 3536032) (the “U.K. Borrower”), CBRE
LIMITED, a corporation organized under the laws of the province of New Brunswick (the “Canadian Borrower”), CBRE PTY LIMITED, a company organized under the laws of Australia and registered in New South Wales (the
“Australian Borrower”), CBRE LIMITED, a company organized under the laws of New Zealand (the “New Zealand Borrower”), CBRE GLOBAL ACQUISITION COMPANY, a société à
responsabilité limitée organized under the laws of the Grand Duchy of Luxembourg, having its registered office at 12C, Impasse Drosbach L-1882 Luxembourg, Grand Duchy of Luxembourg and
registered with the Luxembourg Trade and Companies Register (Registre de Commerce et des Sociétés, Luxembourg) under number B 150.692 (the “Luxembourg Borrower” and, together with the U.S. Borrower, the
U.K. Borrower, the Canadian Borrower, the Australian Borrower and the New Zealand Borrower, the “Borrowers”), CBRE GROUP, INC., a Delaware corporation (“Holdings”), the INCREMENTAL TRANCHE A TERM
LENDERS party hereto, the INCREMENTAL REVOLVING CREDIT LENDERS party hereto and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent. 

A. Reference is made to the Credit Agreement dated as of October 31, 2017 (as amended, supplemented or modified prior to the date hereof,
including by that certain Incremental Term Loan Assumption Agreement dated as of December 20, 2018, the “Credit Agreement”), among the Borrowers, Holdings, the lenders from time to time party thereto (the
“Lenders”) and Credit Suisse AG, Cayman Islands Branch, as Administrative Agent for the Lenders. 
 B. Holdings and
the Borrowers have requested that, on the Effective Date (as defined below), (i) the persons set forth on Schedule I hereto (together with their permitted successors and assigns, the “Incremental Tranche A Term Lenders”)
commit (the “Incremental Tranche A Term Loan Commitments”) to make Incremental Term Loans (the “Incremental Tranche A Term Loans”) to the U.S. Borrower in an aggregate principal amount of $300,000,000,
(ii) the persons set forth on Schedule II hereto (together with their permitted successors and assigns, the “Incremental Domestic Revolving Credit Lenders”) provide Incremental Revolving Credit Commitments under the Credit
Agreement (the “Incremental Domestic Revolving Credit Commitments”) to the U.S. Borrower in an aggregate principal amount equal to $2,300,000,000, (iii) the persons set forth on Schedule III hereto (together with their
permitted successors and assigns, the “Incremental Multicurrency Revolving Credit Lenders”) provide Incremental Revolving Credit Commitments under the Credit Agreement (the “Incremental Multicurrency Revolving
Credit Commitments”) to the U.S. Borrower, the Canadian Borrower, the New Zealand Borrower and the Australian Borrower in an aggregate principal amount equal to $200,000,000, (iv) the persons set forth on Schedule IV
hereto (together with their permitted successors and assigns, the “Incremental U.K. Revolving Credit Lenders” and, together with the Incremental 












 
Domestic Revolving Credit Lenders and the Incremental Multicurrency Revolving Credit Lenders, the “Incremental Revolving Credit Lenders”) provide Incremental Revolving
Credit Commitments under the Credit Agreement (the “Incremental U.K. Revolving Credit Commitments” and, together with the Incremental Domestic Revolving Credit Commitments and the Incremental Multicurrency Revolving Credit
Commitments, the “Incremental Revolving Credit Commitments”) to the U.S. Borrower and the U.K. Borrower in an aggregate principal amount equal to $300,000,000. 

C. The Incremental Tranche A Term Lenders are willing to make the Incremental Tranche A Term Loans to the U.S. Borrower and the Incremental
Revolving Credit Lenders are willing to provide the Incremental Revolving Credit Commitments to the applicable Borrower or Borrowers, in each case, on the Effective Date and on the terms and subject to the conditions set forth herein and in the
Credit Agreement. 
 D. It is agreed that each of Wells Fargo Securities, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated,
JPMorgan Chase Bank, N.A., The Bank of Nova Scotia, HSBC Bank USA, N.A., MUFG Bank, Ltd. and The Royal Bank of Scotland plc will act as joint lead arrangers and joint bookrunners in respect of the incremental facilities established under this
Agreement. 
 Accordingly, in consideration of the mutual agreements herein contained and for other good and valuable consideration, the
sufficiency and receipt of which are hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1. Terms Generally.
The rules of construction set forth in Section 1.02 of the Credit Agreement shall apply mutatis mutandis to this Agreement. This Agreement shall be a “Loan Document” for all purposes of the Credit Agreement and the other Loan
Documents and, to the extent it relates to the making of Incremental Term Loans and the providing of Incremental Revolving Credit Commitments, an “Incremental Assumption Agreement” for all purposes of the Credit Agreement and the other
Loan Documents. Capitalized terms used but not defined herein have the meanings assigned thereto in the Credit Agreement. 
 SECTION 2.
Incremental Term Loans and Incremental Revolving Credit Commitments. (a) On the terms and subject to the conditions set forth herein and in the Credit Agreement and in reliance upon the representations and warranties set forth
herein and in the other Loan Documents, (i) each Incremental Tranche A Term Lender agrees, severally and not jointly, to make, on the Effective Date, an Incremental Tranche A Term Loan to the U.S. Borrower in an aggregate principal amount not
to exceed its Incremental Tranche A Term Loan Commitment and (ii) each Incremental Revolving Credit Lender agrees, severally and not jointly, to provide, on the Effective Date, Incremental Revolving Credit Commitments to the applicable Borrower
or Borrowers in an aggregate principal amount not to exceed its Incremental Revolving Credit Commitments hereunder. Amounts paid or prepaid in respect of the Incremental Tranche A Term Loans may not be reborrowed. 

(b) The Incremental Tranche A Term Loan Commitment of each Incremental Tranche A Term Lender shall automatically terminate upon the earlier of
(i) the making of the Incremental Tranche A Term Loans on the Effective Date and (ii) 5:00 p.m., New York City time, on March 4, 2019. 

  
 2 













 (c) On the Effective Date (i) the U.S. Borrower shall use the proceeds of the
Incremental Tranche A Term Loans solely to prepay the aggregate principal amount of the Tranche A Loans outstanding under the Credit Agreement immediately prior to the Effective Date (the “Existing Tranche A Loans”), (ii) the
Borrowers shall use the proceeds of new Revolving Loans to be made by the Incremental Revolving Credit Lenders in accordance with their Incremental Revolving Credit Commitments, together with cash on hand, to (A) prepay all of the Revolving
Loans outstanding under the Credit Agreement immediately prior to the Effective Date (the “Existing Revolving Loans”) and (B) pay all accrued but unpaid interest on the Existing Tranche A Loans and the Existing Revolving
Loans so prepaid, together with any fees and expenses relating thereto and (iii) all Revolving Credit Commitments in effect under the Credit Agreement immediately prior to the Effective Date shall be terminated and any Letters of Credit
outstanding under such Revolving Credit Commitments shall, as of the Effective Date, be deemed outstanding under the Incremental Revolving Credit Commitments. 

SECTION 3. Funding. To facilitate the funding of the Incremental Tranche A Term Loans on the Effective Date,
(i) each Incremental Tranche A Term Lender with an outstanding Existing Tranche A Loan shall be deemed to have made to the U.S. Borrower an Incremental Tranche A Term Loan on the Effective Date in an aggregate principal amount equal to the
lesser of (x) the aggregate outstanding principal amount of such Lender’s Existing Tranche A Term Loans and (y) the Incremental Tranche A Term Loan Commitment of such Lender set forth on Schedule I hereto and (ii) the U.S.
Borrower shall be deemed to have prepaid on the Effective Date the aggregate outstanding principal amount of Existing Tranche A Loans of such Incremental Tranche A Term Lender; provided that (A) if the Incremental Tranche A Term Loan
Commitment of any Incremental Tranche A Term Lender exceeds the aggregate principal amount of such Lender’s Existing Tranche A Loans, then such Lender shall be required to fund such excess to the U.S. Borrower, through the Administrative Agent,
on the Effective Date, and (B) if the aggregate principal amount of Existing Tranche A Loans of such Lender exceeds the Incremental Tranche A Term Loan Commitment of such Lender, then the U.S. Borrower shall be required to pay such excess to
such Lender, through the Administrative Agent, on the Effective Date, in each case, in immediately available funds and otherwise in accordance with the terms of the Credit Agreement. 

SECTION 4. Terms and Conditions. (a) The Incremental Tranche A Term Loans shall constitute Specified Incremental
Term Loans and Term Loans and the Incremental Tranche A Term Lenders shall be Incremental Term Lenders and Term Lenders for all purposes of the Credit Agreement and the other Loan Documents. As of the Effective Date, the Incremental Tranche A Term
Loans shall have an initial Interest Period as set forth in the applicable Borrowing Request and shall otherwise have the terms set forth in the Credit Agreement as amended by Section 5 below. Section 2.26 of the Credit Agreement shall
apply for the benefit of the Incremental Tranche A Term Loans as if the Incremental Tranche A Term Loans were the Tranche A Loans referred to therein. 

(b) For all purposes of the Credit Agreement and the other Loan Documents, (i) the Incremental Domestic Revolving Credit Commitments
shall constitute Specified Incremental Revolving Credit Commitments and Domestic Revolving Credit Commitments, the Incremental Domestic Revolving Credit Lenders shall be Domestic Revolving Credit Lenders, and Borrowings under the Incremental
Domestic Revolving Credit Commitments shall constitute Domestic Revolving Loans and Revolving Loans, (ii) the Incremental Multicurrency Revolving Credit 

  
 3 













 
Commitments shall constitute Specified Incremental Revolving Credit Commitments and Multicurrency Revolving Credit Commitments, the Incremental Multicurrency Revolving Credit Lenders shall be
Multicurrency Revolving Credit Lenders, and Borrowings under the Incremental Multicurrency Revolving Credit Commitments shall constitute Multicurrency Revolving Loans and Revolving Loans and (iii) the Incremental U.K. Revolving Credit
Commitments shall constitute Specified Incremental Revolving Credit Commitments and U.K. Revolving Credit Commitments, the Incremental U.K. Revolving Credit Lenders shall be U.K. Revolving Credit Lenders, and Borrowings under the Incremental U.K.
Revolving Credit Commitments shall constitute U.K. Revolving Loans and Revolving Loans. As of the Effective Date, the Incremental Domestic Revolving Credit Commitments, the Incremental Multicurrency Revolving Credit Commitments and the Incremental
U.K. Revolving Credit Commitments, and, in each case, the Borrowings thereunder, shall have the terms set forth in the Credit Agreement as amended by Section 5 below and Section 2.25 of the Credit Agreement shall apply for the benefit of
the Incremental Revolving Credit Commitments as if the Incremental Revolving Credit Commitments were the Revolving Credit Commitments referred to therein and the Incremental Revolving Loans as if the Incremental Revolving Loans were the Revolving
Loans referred to therein. 
 SECTION 5. Amendments to the Credit Agreement. As of the Effective Date, the Credit
Agreement is hereby amended as follows: 
 (a) The definition of the term “Applicable Percentage” set forth in
Section 1.01 of the Credit Agreement is hereby amended by replacing the grid that appears therein in its entirety with the grid below: 
  

																													
	 Category
	  	Credit Rating	  	Ticking
Fee	  	Fixed
Rate
Spread
Tranche
A Loans	 	 	Daily
Rate
Spread
Tranche
A Loans	 	 	Fixed
Rate
Spread
Revolving
Loans	 	 	Daily Rate
Spread
Revolving
Loans	 	 	Facility Fee
Revolving
Credit
Commitments	 
	  	S&P	  	Fitch	  	Moody’s
	 Category 1
	  	> A	  	A	  	A2	  	N/A	  	 	0.750	% 	 	 	0.0	% 	 	 	0.680	% 	 	 	0.0	% 	 	 	0.070	% 
	 Category 2
	  	A-	  	A-	  	A3	  	N/A	  	 	0.875	% 	 	 	0.0	% 	 	 	0.785	% 	 	 	0.0	% 	 	 	0.090	% 
	 Category 3
	  	BBB+	  	BBB+	  	Baa1	  	N/A	  	 	1.000	% 	 	 	0.0	% 	 	 	0.900	% 	 	 	0.0	% 	 	 	0.100	% 
	 Category 4
	  	BBB	  	BBB	  	Baa2	  	N/A	  	 	1.150	% 	 	 	0.150	% 	 	 	1.000	% 	 	 	0.0	% 	 	 	0.150	% 
	 Category 5
	  	<
BBB-	  	<
BBB-	  	<
Baa3	  	N/A	  	 	1.250	% 	 	 	0.250	% 	 	 	1.075	% 	 	 	0.075	% 	 	 	0.175	% 

 (b) The definition of the term “Revolving Credit Maturity Date” set forth in
Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows: 
 “Revolving Credit Maturity
Date” shall mean March 4, 2024. 
 (c) The definition of the term “Tranche A Maturity Date” set
forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows: 
 “Tranche A
Maturity Date” shall mean March 4, 2024. 

  
 4 













 (d) Article I of the Credit Agreement is hereby amended by inserting the following text
immediately after the end of Section 1.05 of the Credit Agreement as a new Section 1.06 of the Credit Agreement: 
 SECTION 1.06.
Divisions. For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of
any person becomes the asset, right, obligation or liability of a different person, then it shall be deemed to have been transferred from the original person to the subsequent person, and (b) if any new person comes into existence, such new
person shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time. 
 (e)
Section 2.22(a) of the Credit Agreement is hereby amended by replacing “$20,000,000” therein with “$5,000,000”. 

SECTION 6. Representations and Warranties. To induce the other parties hereto to enter into this Agreement, each Loan
Party party hereto represents and warrants to the Administrative Agent, each Issuing Bank, the N.Z. Swingline Lender and each other Lender (including each Incremental Revolving Credit Lender and each Incremental Tranche A Term Lender (each, an
“Incremental Lender”)) that: 
 (a) This Agreement has been duly authorized, executed and delivered by such Loan
Party, and constitutes a legal, valid and binding obligation of such Loan Party enforceable against such Loan Party in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, moratorium and other similar
laws relating to or affecting creditors’ rights generally and to general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing. 

(b) Each of the representations and warranties made by such Loan Party in Article III of the Credit Agreement and in each other Loan Document
are true and correct in all material respects on and as of the Effective Date, except to the extent such representations and warranties expressly relate to an earlier date. 

(c) No Event of Default or Default has occurred and is continuing as of the Effective Date after giving effect to this Agreement and the
transactions contemplated hereby. 
 SECTION 7. Effectiveness. This Agreement, and the obligation of (i) each
Incremental Tranche A Term Lender to make its Incremental Tranche A Term Loans and (ii) each Incremental Revolving Credit Lender to provide its Incremental Revolving Credit Commitments and to make extensions of credit thereunder, shall become
effective as of the date on which each of the following conditions precedent shall have been satisfied (the “Effective Date”): 

(a) The Administrative Agent shall have received duly executed counterparts of this Agreement which, when taken together, bear the signatures
of each Loan Party, each Issuing Bank, the N.Z. Swingline Lender and each Incremental Lender. 

  
 5 













 (b) Each of the conditions set forth in paragraphs (b) and (c) of Section 4.01 of
the Credit Agreement shall be satisfied, and the Administrative Agent shall have received a certificate to that effect dated as of the Effective Date and executed by a Responsible Officer of the U.S. Borrower. 

(c) As of the Effective Date, and after giving effect to the making of the Incremental Tranche A Term Loans, the use of the proceeds thereof
as provided for herein and the providing of the Incremental Revolving Credit Commitments, Holdings is in pro forma compliance with Section 6.05 and Section 6.06 of the Credit Agreement, and the Administrative Agent shall have received a
certificate to that effect dated as of the Effective Date and executed by a Responsible Officer of the U.S. Borrower. 
 (d) The
Administrative Agent shall have received (i) a favorable written opinion of (x) the General Counsel or Deputy General Counsel of the U.S. Borrower and (y) Simpson Thacher & Bartlett LLP, New York counsel for the Loan Parties,
Bedell Cristin Jersey Partnership, Jersey counsel for the Loan Parties, AKD Benelux Lawyers, Netherlands counsel for the Loan Parties, Gowling WLG, U.K. counsel for the U.K. Borrower, McInnes Cooper, Canadian counsel for the Canadian Borrower,
Allens, Australian counsel for the Australian Borrower, Maples and Calder (Luxembourg) SARL, Luxembourg counsel for any Loan Party incorporated in Luxembourg and Chapman Tripp, New Zealand counsel for the New Zealand Borrower, in each case addressed
to the Administrative Agent, the Issuing Banks and the Lenders (including the Incremental Lenders), (ii) board resolutions and (iii) customary officer’s certificates, in each case, with respect to each Loan Party in form and substance
substantially consistent with those delivered on the Closing Date. Holdings and the U.S. Borrower hereby request each such counsel to deliver such opinion. 

(e) The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Effective Date, including all
Upfront Fees (as defined below) and, to the extent invoiced one Business Day prior to the Effective Date, reimbursement or payment of all reasonable out-of-pocket
expenses required to be reimbursed or paid by the Borrowers hereunder or under any other Loan Document. 
 (f) The Administrative Agent
shall have received, at least two (2) Business Days prior to the Effective Date, all documentation and other information reasonably requested by it (on behalf of itself or any Lender) at least five (5) Business Days prior to the Effective
Date that is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act, and to the extent that any Borrower qualifies as a “legal entity
customer” under 31 C.F.R. § 10.10.230 (the “Beneficial Ownership Regulation”), a certification regarding beneficial ownership in relation to, and signed by a Responsible Officer of, such Borrower. 

(g) The Administrative Agent shall have received a Borrowing Request with respect to the Incremental Term Loans and each Revolving Loan or N.Z
Swingline Loan to be made (or deemed to be made) on the Effective Date in accordance with Sections 2.03 and 2.22 of the Credit Agreement. 

SECTION 8. Acknowledgement of Guarantors. Each of the Guarantors party hereto hereby acknowledges its receipt of a copy
of this Agreement and its review of the terms and 

  
 6 













 
conditions hereof, and each of the Guarantors hereby consents to the terms and conditions of this Agreement and the transactions contemplated hereby, and hereby affirms and confirms its guarantee
of the Obligations pursuant to the Guarantee Agreement (subject, for the Luxembourg Borrower and the Luxembourg Guarantor, to the applicable limitation of guarantee provided for in Section 2.01(b) of the Guarantee Agreement) and agrees that
such guarantee shall continue to be in full force and effect and shall inure to the benefit of the Lenders (including the Incremental Lenders) in respect of the Obligations owed to them from time to time. 

SECTION 9. Notices. All notices hereunder shall be given in accordance with the provisions of Section 9.01 of the
Credit Agreement. 
 SECTION 10. Fees. On the Effective Date, in consideration of the agreements of the Incremental
Lenders contained in this Agreement, the Borrowers agree to pay to the Administrative Agent, in immediately available funds, for the account of each Incremental Lender, an upfront fee (the “Upfront Fee”), in an amount equal
to 0.0625% of the sum of (x) such Incremental Lender’s aggregate Incremental Revolving Credit Commitments (whether used or unused) and (y) the principal amount of such Lender’s Incremental Tranche A Term Loans, in each case, as
in effect immediately after giving effect to this Agreement. Once paid, the Upfront Fees shall not be refundable under any circumstances. 

SECTION 11. Counterparts. This Agreement may be executed in counterparts (and by different parties hereto on different
counterparts), each of which shall constitute an original but all of which when taken together shall constitute a single contract. Delivery of an executed signature page to this Agreement by facsimile or other customary means of electronic
transmission (e.g., “pdf”) shall be as effective as delivery of a manually signed counterpart of this Agreement. 
 SECTION 12.
APPLICABLE LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

SECTION 13. WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS AGREEMENT. EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER
PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS
AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 13. 
 SECTION 14. Jurisdiction; Consent to
Service of Process. (a) Each Loan Party hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive general jurisdiction of any New York State court or Federal court of the United States of
America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each


  
 7 













 
of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the
extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other
manner provided by law. 
 (b) Each Loan Party hereby irrevocably and unconditionally waives, to the fullest extent it may legally
and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any New York State or Federal court. Each of the parties hereto
hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

(c) Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01 of the
Credit Agreement. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law. 

SECTION 15. Headings. Headings used herein are for convenience of reference only, are not part of this Agreement and are
not to affect the construction of, or to be taken into consideration in interpreting, this Agreement. 
 [Remainder of this page
intentionally left blank] 

  
 8 













 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by
their respective authorized officers as of the date and year first above written. 
  

			
	CBRE SERVICES, INC.,
		
	    by	 	 /s/ Debbie Fan

		 	Name:  Debbie Fan
		 	Title:    Senior Vice President and Treasurer


  

			
	CBRE GROUP, INC.,
		
	    by	 	 /s/ Debbie Fan

		 	Name:  Debbie Fan
		 	Title:    Senior Vice President and Treasurer


 [Signature Page to Incremental Assumption Agreement] 












 
			
	CBRE GLOBAL ACQUISITION COMPANY
		
	    By	 	 /s/ Roberta Masson

		 	Name:  Roberta Masson
		 	Title:    Type B manager


 [Signature Page to Incremental Assumption Agreement] 












 
			
	 CBRE GLOBAL HOLDINGS, a société à

responsabilité limitée organized under the laws of

the Grand Duchy of Luxembourg, having its
 registered office at
12C, Impasse Drosbach, L-1882
 Luxembourg, Grand Duchy of Luxembourg and

registered with the Luxembourg Trade and
 Companies Register
(Registre de Commerce et des
 Sociétés, Luxembourg) under number B 150.693

		
	    By	 	/s/ Roberta Masson
		 	 Name: Roberta Masson
 Title:   Type
B manager



 [Signature Page to Incremental Assumption Agreement] 












 
			
	 CBRE, Inc.
 CBRE Global Investors,
Inc.
 CBRE Global Investors, LLC
 CBRE Capital Markets of
Texas, LP
 CBRE Capital Markets, Inc.
 CBRE Clarion CRA
Holdings, Inc.
 CBRE Clarion REI Holding, Inc.
 CBRE Government
Services, LLC
 CBRE/LJM –Nevada, Inc.
 CBRE Partner,
Inc.
 CBRE Technical Services, LLC
 CB/TCC, LLC

Trammell Crow Company, LLC
 CBRE GWS LLC

CBRE Business Lending, Inc.
 CBRE Consulting, Inc.

CBRE/LJM Mortgage Company, L.L.C.
 Insignia/ESG Capital
Corporation

		
	    by	 	/s/ Debbie Fan
		 	 Name: Debbie Fan
 Title:   Senior
Vice President and Treasurer



 [Signature Page to Incremental Assumption Agreement] 












 
			
	Trammell Crow Development & Investment, Inc.
		
	    by	 	/s/ Michael S. Duffy
		 	 Name: Michael S. Duffy
 Title:
  Executive Vice President



 [Signature Page to Incremental Assumption Agreement] 












 
			
	CBRE LIMITED, a limited company organized under the laws of England and Wales,
		
	    by	 	/s/ Martin Samworth
		 	 Name: Martin Samworth
 Title:
  Director

		
	    by	 	/s/ Ciaran Bird
		 	 Name: Ciaran Bird
 Title:
  Director



 [Signature Page to Incremental Assumption Agreement] 












 
			
	CBRE LIMITED, a corporation organized under the laws of the province of New Brunswick,
		
	    by	 	/s/ Jeff Cook
		 	 Name: Jeff Cook
 Title:   SVP
Finance



 [Signature Page to Incremental Assumption Agreement] 












 
			
	Executed in accordance with section 127 of the Corporations Act 2001 (Cth) by CBRE PTY LIMITED:
		
	    by	 	/s/ Philip Andrew Rowland
		 	 Name: Philip Andrew Rowland
 Title:
  Director

		
	    by	 	/s/ Leah Jeanell Boyd
		 	 Name: Leah Jeanell Boyd
 Title:
  Company Secretary



 [Signature Page to Incremental Assumption Agreement] 












 
			
	CBRE LIMITED, a company organized under the laws of New Zealand,
		
	    by	 	/s/ Brent David McGregor
		 	 Name: Brent David McGregor
 Title:
  Director

		
	    by	 	/s/ Philip Andrew Rowland
		 	 Name: Philip Andrew Rowland
 Title:
  Director



 [Signature Page to Incremental Assumption Agreement] 












 
			
	CB/TCC GLOBAL HOLDINGS LIMITED,
		
	    by	 	/s/ Marcus Smith
		 	Name: Marcus Smith
		
	    by	 	/s/ Pasha Zargarof
		 	Name: Pasha Zargarof


 [Signature Page to Incremental Assumption Agreement] 












 
			
	RELAM AMSTERDAM HOLDINGS B.V.,
		
	    By: 	 	 Intertrust Management B.V., its
 managing
director

		
		 	/s/ Gert Jan Rietberg
		 	 Name: Gert Jan Rietberg
 Title:
  Proxy holder

		
	    By: 	 	 Intertrust Management B.V., its
 managing
director

		
		 	/s/ L. Kuiters
		 	 Name: L. Kuiters
 Title:   Proxy
Holder A



 [Signature Page to Incremental Assumption Agreement] 












 
			
	CBRE LIMITED PARTNERSHIP,
		
	By:	 	CBRE PARTNER, INC., its general partner
		
		 	/s/ Debbie Fan                                
		 	 Name: Debbie Fan
 Title:   SVP and
Treasurer



 [Signature Page to Incremental Assumption Agreement] 












 
			
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent,
		
	by	 	/s/ William
O’Daly                                    
		 	 Name: William O’Daly
 Title:
  Authorized Signatory

		
	by	 	/s/ Brady
Bingham                                    
		 	 Name: Brady Bingham
 Title:
  Authorized Signatory



 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL
 ASSUMPTION
AGREEMENT DATED AS OF
 THE DAY AND YEAR FIRST WRITTEN
 ABOVE,
RELATING TO THE CREDIT
 AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, an Incremental Multicurrency Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
  

	
	Name of Institution: Wells Fargo Bank, N.A.

  

			
	    by	 	/s/ Charles Wilmot
		 	 Name: Charles Wilmot

Title:  Senior Vice President

	
	For any Lender requiring a second signature line:
		
	    by 	 	 
		 	 Name:
 Title:


 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL
 ASSUMPTION
AGREEMENT DATED AS OF
 THE DAY AND YEAR FIRST WRITTEN
 ABOVE,
RELATING TO THE CREDIT
 AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, an Incremental Multicurrency Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution: Bank of
America, N.A. 
  

			
	    by	 	/s/ Suzanne E. Pickett
		 	 Name: Suzanne E. Pickett

Title:   Senior Vice President

	
	For any Lender requiring a second signature line:
		
	    by 	 	 
		 	 Name:
 Title:


 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL
 ASSUMPTION
AGREEMENT DATED AS OF
 THE DAY AND YEAR FIRST WRITTEN
 ABOVE,
RELATING TO THE CREDIT
 AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental U.K. Revolving Credit Lender: 

Name of Institution: Bank of America Merrill Lynch International Designated Activity Company 

 

			
	    by 	 	/s/ Christopher Coney
		 	 Name: Christopher Coney

Title:   Vice President

	
	For any Lender requiring a second signature line:
		
	    by	 	 
		 	 Name:
 Title:


 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL
 ASSUMPTION
AGREEMENT DATED AS OF
 THE DAY AND YEAR FIRST WRITTEN
 ABOVE,
RELATING TO THE CREDIT
 AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Multicurrency Revolving Credit Lender: 

Name of Institution: Bank of America, N.A. (Canada branch) 
  

			
	    by 	 	/s/ Medina Sales de Andrade
		 	 Name: Medina Sales de Andrade

Title:   Vice President

	
	For any Lender requiring a second signature line:
		
	    by	 	 
		 	 Name:
 Title:


 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, an Incremental Multicurrency Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution: HSBC
Bank USA, N.A. 
  

					
		 	    by	 	/s/ Ilene Hernandez
		 		 	Name: Ilene Hernandez
		 		 	Title:  Vice President

  

					
	For any Lender requiring a second signature line:
			
		 	    by	 	 
		 		 	Name:
		 		 	Title:

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, an Incremental Multicurrency Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution: MUFG
BANK, LTD. 
  

					
		 	    by	 	/s/ Jeffrey Flagg
		 		 	Name: Jeffrey Flagg
		 		 	Title:   Director

  

					
	For any Lender requiring a second signature line:
			
		 	    by	 	 
		 		 	Name:
		 		 	Title:

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, an Incremental Multicurrency Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution: The
Bank of Nova Scotia 
  

					
		 	    by	 	/s/ Winston Lua
		 		 	Name: Winston Lua
		 		 	Title:   Director

  

					
	For any Lender requiring a second signature line:
			
		 	    by	 	 
		 		 	Name:
		 		 	Title:

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Domestic Revolving Credit Lender, an Incremental Multicurrency
Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution: JPMorgan Chase Bank, N.A. 

 

					
		 	    by	 	/s/ Chiara Carter
		 		 	Name: Chiara Carter
		 		 	Title:   Executive Director

  

			
	For any Lender requiring a second signature line:
		
	    by	 	 
		 	Name:
		 	 Title:
  


 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution: The Royal Bank of Scotland Plc 

 

					
		 	    by	 	/s/ Robert Budgen
		 		 	Name: Robert Budgen
		 		 	Title:   Director

  

					
	For any Lender requiring a second signature line:
			
		 	    by	 	 
		 		 	Name:
		 		 	Title:

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Domestic Revolving Credit Lender, an Incremental Multicurrency
Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution: Barclays Bank PLC 

 

							
		 	    by	 	/s/ Amir Barash
		 		 	Name: Amir Barash
		 		 	Title:   Director
		 		 	Executed in New York

  

					
	For any Lender requiring a second signature line:
			
		 	    by	 	 
		 		 	Name:
		 		 	Title:

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31, 2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Domestic Revolving Credit Lender, an Incremental Multicurrency
Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution: ING Bank N.V., Dublin Branch 

 

					
		 	    by	 	/s/ Sean Hassett
		 		 	Name: Sean Hassett
		 		 	Title:   Director

  

					
	For any Lender requiring a second signature line:
			
		 	    by	 	/s/ Ciaran Dunne
		 		 	Name: Ciaran Dunne
		 		 	Title:   Director

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, an Incremental Multicurrency Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution:
CITIBANK, N.A. 
  

					
		 	    by	 	/s/ David Jaffe
		 		 	Name: David Jaffe
		 		 	Title:   Vice President

  

					
	For any Lender requiring a second signature line:
			
		 	    by	 	 
		 		 	Name:
		 		 	Title:

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Domestic Revolving Credit Lender, an Incremental Multicurrency
Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution: CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH

  

					
		 	    by	 	/s/ William O’Daly
		 		 	Name: William O’Daly
		 		 	Title:   Authorized Signatory

  

					
	For any Lender requiring a second signature line:
			
		 	    by	 	/s/ Brady Bingham
		 		 	Name: Brady Bingham
		 		 	Title:   Authorized Signatory

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender and an Incremental Domestic Revolving Credit
Lender: 
 Name of Institution: Branch Banking and Trust Company 

 

					
		 	    by	 	 /s/ Vicount P. Cornwall

		 		 	 Name: Vicount P. Cornwall

		 		 	 Title:   Senior Vice
President


  

					
	For any Lender requiring a second signature line:
			
		 	    by	 	 
		 		 	Name:
		 		 	Title:

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, an Incremental Multicurrency Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution:
Santander Bank, N.A. 
  

					
	     by
	 	 /s/ Andres Barbosa

		 	 Name:
	 	 Andres Barbosa

		 	 Title:
	 	 Executive Director


  

					
	 For any Lender requiring a second signature line:

		
	     by
	 	 /s/ Daniel Kostman

		 	 Name:
	 	 Daniel Kostman

		 	 Title:
	 	 Executive Director


 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender and Incremental Domestic Revolving Credit
Lender only: 
 Name of Institution: U.S. Bank National Association 

 

					
	     by
	 	 /s/ Glenn Leyrer

		 	 Name:
	 	 Glenn Leyrer

		 	 Title:
	 	 Vice President


  

					
	 For any Lender requiring a second signature line:

		
	     by
	 	 
		 	 Name:
	 	
		 	 Title:
	 	

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, an Incremental Multicurrency Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution:
Australia and New Zealand Banking Group Limited 
  

					
	     by
	 	 /s/ Robert Grillo

		 	 Name:
	 	 Robert Grillo

		 	 Title:
	 	 Director


  

					
	 For any Lender requiring a second signature line:

		
	     by
	 	 
		 	 Name:
	 	
		 	 Title:
	 	

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender and an Incremental Domestic Revolving Credit
Lender: 
 Name of Institution: The Bank of New York Mellon 
  

					
	     by
	 	 /s/ Rick Laudisi

		 	 Name:
	 	 Rick Laudisi

		 	 Title:
	 	 Managing Director


  

					
	 For any Lender requiring a second signature line:

		
	     by
	 	 
		 	 Name:
	 	
		 	 Title:
	 	

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, an Incremental Multicurrency Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution: LLOYDS
BANK CORPORATE MARKETS PLC 
  

					
	     by
	 	 /s/ Allen McGuire

		 	 Name:
	 	 Allen McGuire

		 	 Title:
	 	 Assistant Vice President – M004


  

					
	 For any Lender requiring a second signature line:

		
	     by
	 	 /s/ Kamala Basdeo

		 	 Name:
	 	 Kamala Basdeo

		 	 Title:
	 	 Assistant Vice President – B002


 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, an Incremental Multicurrency Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution: PNC
BANK, NATIONAL ASSOCIATION 
  

					
	     by
	 	 /s/ David C. Drouillard

		 	 Name:
	 	 David C. Drouillard

		 	 Title:
	 	 Sr. Vice President


  

					
	 For any Lender requiring a second signature line:

		
	     by
	 	 
		 	 Name:
	 	
		 	 Title:
	 	

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL
 ASSUMPTION
AGREEMENT DATED AS OF
 THE DAY AND YEAR FIRST WRITTEN
 ABOVE,
RELATING TO THE CREDIT
 AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender and an Incremental Domestic Revolving Credit
Lender: 
 Name of Institution: Bank of China Los Angeles Branch 
  

					
	     by
	 	 /s/ Yong Ou

		 	 Name:
	 	 Yong Ou

		 	 Title:
	 	 SVP & Deputy Branch Manager


  

					
	 For any Lender requiring a second signature line:

		
	     by
	 	 
		 	 Name:
	 	
		 	 Title:
	 	

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

		  	 ASSUMPTION AGREEMENT DATED AS OF

		  	 THE DAY AND YEAR FIRST WRITTEN

		  	 ABOVE, RELATING TO THE CREDIT

		  	 AGREEMENT DATED AS OF OCTOBER 31,

		  	 2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender and an Incremental Domestic Revolving Credit
Lender: 
 Name of Institution: KEYBANK NATIONAL ASSOCIATION 
  

					
	     by
	 	 /s/ Geoff Smith

		 	 Name:
	 	 Geoff Smith

		 	 Title:
	 	 Senior Vice President


  

					
	 For any Lender requiring a second signature line:

		
	     by
	 	 
		 	 Name:
	 	
		 	 Title:
	 	

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

		  	 ASSUMPTION AGREEMENT DATED AS OF

		  	 THE DAY AND YEAR FIRST WRITTEN

		  	 ABOVE, RELATING TO THE CREDIT

		  	 AGREEMENT DATED AS OF OCTOBER 31,

		  	 2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, an Incremental Multicurrency Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution: Societe
Generale 
  

					
	     by
	 	 /s/ Andrew Johnman

		 	 Name:
	 	 Andrew Johnman

		 	 Title:
	 	 Director


  

					
	 For any Lender requiring a second signature line:

		
	     by
	 	 
		 	 Name:
	 	
		 	 Title:
	 	

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

		  	 ASSUMPTION AGREEMENT DATED AS OF

		  	 THE DAY AND YEAR FIRST WRITTEN

		  	 ABOVE, RELATING TO THE CREDIT

		  	 AGREEMENT DATED AS OF OCTOBER 31,

		  	 2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender and an Incremental Domestic Revolving Credit
Lender: 
 Name of Institution: Fifth Third Bank 
  

					
	     by
	 	 /s/ Michael P. Perillo

		 	 Name:
	 	 Michael P. Perillo

		 	 Title:
	 	 Director


  

					
	 For any Lender requiring a second signature line:

		
	     by
	 	 
		 	 Name:
	 	
		 	 Title:
	 	

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL

ASSUMPTION AGREEMENT DATED AS OF

THE DAY AND YEAR FIRST WRITTEN

ABOVE, RELATING TO THE CREDIT

AGREEMENT DATED AS OF OCTOBER 31, 2017,

OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, an Incremental Multicurrency Revolving Credit Lender and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution:
Associated Bank, N.A. 
  

					
		
	 by 
	 	/s/ Edward U. Notz, Jr.
		 	Name:	 	 Edward U. Notz, Jr.

		 	Title:	 	 Senior Vice President

	
	For any Lender requiring a second signature line:
		
	 by 
	 	 
		 	 Name:
	 	
		 	 Title:
	 	

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL
 ASSUMPTION
AGREEMENT DATED AS OF
 THE DAY AND YEAR FIRST WRITTEN
 ABOVE,
RELATING TO THE CREDIT
 AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender and an Incremental Domestic Revolving Credit
Lender: 
 Name of Institution: Comerica Bank 
  

					
	    by	 	/s/ Mark C. Skrzynski Jr.
		 	Name:	 	 Mark C. Skrzynski Jr.

		 	Title:	 	 Vice President

	
	For any Lender requiring a second signature line:
		
	     by
	 	 
		 	 Name:
	 	
		 	 Title:
	 	

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL
 ASSUMPTION
AGREEMENT DATED AS OF
 THE DAY AND YEAR FIRST WRITTEN
 ABOVE,
RELATING TO THE CREDIT
 AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender and an Incremental Domestic Revolving Credit
Lender: 
 Name of Institution: FIRST COMMERCIAL BANK, LTD., NEW YORK BRANCH 

 

					
	     by
	 	/s/ Terry Y. G. Ju
		 	Name:	 	 Terry Y. G. Ju

		 	Title:	 	 S.V.P & General Manager

	
	For any Lender requiring a second signature line:
		
	     by
	 	 
		 	 Name:
	 	
		 	 Title:
	 	

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL
 ASSUMPTION
AGREEMENT DATED AS OF
 THE DAY AND YEAR FIRST WRITTEN
 ABOVE,
RELATING TO THE CREDIT
 AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender and an Incremental Domestic Revolving Credit
Lender: 
 Name of Institution: MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD., NEW YORK BRANCH 

 

					
	     by
	 	/s/ Tsung-Yao Tsai
		 	Name:	 	 Tsung-Yao Tsai

		 	Title:	 	 Assistant Vice President

	
	For any Lender requiring a second signature line:
		
	     by
	 	 
		 	 Name:
	 	
		 	 Title:
	 	

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL
 ASSUMPTION
AGREEMENT DATED AS OF
 THE DAY AND YEAR FIRST WRITTEN
 ABOVE,
RELATING TO THE CREDIT
 AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender and an Incremental Domestic Revolving Credit
Lender: 
 Name of Institution: Bank of Hawaii 
  

					
	     by
	 	/s/ Michael Lee
		 	Name:	 	 Michael Lee

		 	Title:	 	 Assistant Vice President

	
	For any Lender requiring a second signature line:
		
	     by
	 	 
		 	 Name:
	 	
		 	 Title:
	 	

 [Signature Page to Incremental Assumption Agreement] 













			
		  	 SIGNATURE PAGE TO INCREMENTAL
 ASSUMPTION
AGREEMENT DATED AS OF
 THE DAY AND YEAR FIRST WRITTEN
 ABOVE,
RELATING TO THE CREDIT
 AGREEMENT DATED AS OF OCTOBER 31,

2017, OF CBRE SERVICES, INC.


 To execute this Amendment as an Incremental Tranche A Term Lender, an Incremental Domestic Revolving Credit
Lender, and an Incremental U.K. Revolving Credit Lender: 
 Name of Institution: Danske Bank A/S 

 

					
	    by	 	/s/ Gert Carstens
		 	Name:	 	Gert Carstens
		 	Title:	 	Senior Loan Manager
	
	For any Lender requiring a second signature line:
		
	    by	 	/s/ Corinne Akstrup
		 	Name:	 	Corinne Akstrup
		 	Title:	 	Senior Loan Manager

 [Signature Page to Incremental Assumption Agreement] 












 SCHEDULE I 

INCREMENTAL TRANCHE A TERM LENDERS 
  

					
	 LENDER
	  	AMOUNT	 
	 WELLS FARGO BANK, NATIONAL ASSOCIATION
	  	$	35,288,849.47	 
	 BANK OF AMERICA, N.A.
	  	$	21,387,020.17	 
	 HSBC BANK USA, N.A.
	  	$	21,387,020.17	 
	 MUFG BANK, LTD.
	  	$	21,387,020.17	 
	 THE BANK OF NOVA SCOTIA
	  	$	21,387,020.17	 
	 THE ROYAL BANK OF SCOTLAND PLC
	  	$	22,156,379.58	 
	 CITIBANK, N.A.
	  	$	14,788,732.40	 
	 BRANCH BANKING & TRUST COMPANY
	  	$	46,514,222.67	 
	 SANTANDER BANK, N.A.
	  	$	10,563,380.28	 
	 U.S. BANK NATIONAL ASSOCIATION
	  	$	12,295,081.92	 
	 AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
	  	$	9,677,419.35	 
	 THE BANK OF NEW YORK MELLON
	  	$	8,986,175.12	 
	 LLOYDS BANK CORPORATE MARKETS PLC
	  	$	7,258,064.52	 
	 PNC BANK, NATIONAL ASSOCIATION
	  	$	6,338,028.17	 
	 BANK OF CHINA LOS ANGELES BRANCH
	  	$	7,377,049.18	 
	 KEYBANK NATIONAL ASSOCIATION
	  	$	7,377,049.18	 
	 SOCIETE GENERALE
	  	$	4,225,352.10	 
	 FIFTH THIRD BANK
	  	$	4,918,032.79	 
	 ASSOCIATED BANK, N.A.
	  	$	2,957,746.45	 
	 COMERICA BANK
	  	$	8,000,000.00	 
	 FIRST COMMERCIAL BANK, LTD., NEW YORK BRANCH
	  	$	1,967,213.12	 
	 MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD., NEW YORK BRANCH
	  	$	1,770,491.80	 
	 BANK OF HAWAII
	  	$	1,475,409.84	 
	 DANSKE BANK A/S
	  	$	517,241.38	 
		  	  
	  
	 
	 TOTAL:
	  	$	300,000,000.00	 
		  	  
	  
	 













 SCHEDULE II 

INCREMENTAL DOMESTIC REVOLVING CREDIT LENDERS 
  

					
	 LENDER
	  	AMOUNT	 
	 WELLS FARGO BANK, NATIONAL ASSOCIATION
	  	$	146,089,618.94	 
	 BANK OF AMERICA, N.A.
	  	$	146,089,618.84	 
	 HSBC BANK USA, N.A.
	  	$	146,089,618.84	 
	 MUFG BANK, LTD.
	  	$	146,089,618.84	 
	 THE BANK OF NOVA SCOTIA
	  	$	146,089,618.84	 
	 JPMORGAN CHASE BANK, N.A.
	  	$	146,089,618.84	 
	 THE ROYAL BANK OF SCOTLAND PLC
	  	$	146,089,618.84	 
	 BARCLAYS BANK PLC
	  	$	150,352,112.70	 
	 ING BANK N.V., DUBLIN BRANCH
	  	$	150,352,112.68	 
	 CITIBANK, N.A.
	  	$	113,380,281.70	 
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
	  	$	110,892,857.15	 
	 BRANCH BANKING & TRUST COMPANY
	  	$	65,000,000.00	 
	 SANTANDER BANK, N.A.
	  	$	80,985,915.50	 
	 U.S. BANK NATIONAL ASSOCIATION
	  	$	94,262,295.08	 
	 AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
	  	$	74,193,548.39	 
	 THE BANK OF NEW YORK MELLON
	  	$	68,894,009.22	 
	 LLOYDS BANK CORPORATE MARKETS PLC
	  	$	55,645,161.29	 
	 PNC BANK, NATIONAL ASSOCIATION
	  	$	48,591,549.30	 
	 BANK OF CHINA LOS ANGELES BRANCH
	  	$	56,557,377.05	 
	 KEYBANK NATIONAL ASSOCIATION
	  	$	56,557,377.05	 
	 SOCIETE GENERALE
	  	$	32,394,366.20	 
	 FIFTH THIRD BANK
	  	$	37,704,918.03	 
	 ASSOCIATED BANK, N.A.
	  	$	22,676,056.33	 
	 COMERICA BANK
	  	$	15,000,000.00	 
	 FIRST COMMERCIAL BANK, LTD., NEW YORK BRANCH
	  	$	15,081,967.21	 
	 MEGA INTERNATIONAL COMMERCIAL BANK CO., LTD., NEW YORK BRANCH
	  	$	13,573,770.49	 
	 BANK OF HAWAII
	  	$	11,311,475.41	 
	 DANSKE BANK A/S
	  	$	3,965,517.24	 
		  	  
	  
	 
	 TOTAL:
	  	$	2,300,000,000.00	 
		  	  
	  
	 













 SCHEDULE III 

INCREMENTAL MULTICURRENCY REVOLVING CREDIT LENDERS 
  

					
	 LENDER
	  	AMOUNT	 
	 WELLS FARGO BANK, NATIONAL ASSOCIATION
	  	$	22,238,836.26	 
	 BANK OF AMERICA, N.A.
	  	$	22,238,836.24	 
	 HSBC BANK USA, N.A.
	  	$	22,238,836.24	 
	 MUFG BANK, LTD.
	  	$	22,238,836.24	 
	 THE BANK OF NOVA SCOTIA
	  	$	22,238,836.24	 
	 JPMORGAN CHASE BANK, N.A.
	  	$	22,238,836.24	 
	 BARCLAYS BANK PLC
	  	$	9,859,154.93	 
	 ING BANK N.V., DUBLIN BRANCH
	  	$	9,859,154.93	 
	 CITIBANK, N.A.
	  	$	9,859,154.93	 
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
	  	$	9,642,857.14	 
	 SANTANDER BANK, N.A.
	  	$	7,042,253.52	 
	 AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
	  	$	6,451,612.90	 
	 LLOYDS BANK CORPORATE MARKETS PLC
	  	$	4,838,709.68	 
	 PNC BANK, NATIONAL ASSOCIATION
	  	$	4,225,352.11	 
	 SOCIETE GENERALE
	  	$	2,816,901.41	 
	 ASSOCIATED BANK, N.A.
	  	$	1,971,830.99	 
		  	  
	  
	 
	 TOTAL:
	  	$	200,000,000.00	 
		  	  
	  
	 













 SCHEDULE IV 

INCREMENTAL U.K. REVOLVING CREDIT LENDERS 
  

					
	 LENDER
	  	AMOUNT	 
	 WELLS FARGO BANK, NATIONAL ASSOCIATION
	  	$	28,518,897.85	 
	 BANK OF AMERICA, N.A.
	  	$	28,518,897.83	 
	 HSBC BANK USA, N.A.
	  	$	28,518,897.83	 
	 MUFG BANK, LTD.
	  	$	28,518,897.83	 
	 THE BANK OF NOVA SCOTIA
	  	$	28,518,897.83	 
	 JPMORGAN CHASE BANK, N.A.
	  	$	28,518,897.83	 
	 THE ROYAL BANK OF SCOTLAND PLC
	  	$	28,518,897.83	 
	 BARCLAYS BANK PLC
	  	$	14,788,732.39	 
	 ING BANK N.V., DUBLIN BRANCH
	  	$	14,788,732.39	 
	 CITIBANK, N.A.
	  	$	14,788,732.39	 
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
	  	$	14,464,285.71	 
	 SANTANDER BANK, N.A.
	  	$	10,563,380.28	 
	 AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
	  	$	9,677,419.36	 
	 LLOYDS BANK CORPORATE MARKETS PLC
	  	$	7,258,064.51	 
	 PNC BANK, NATIONAL ASSOCIATION
	  	$	6,338,028.17	 
	 SOCIETE GENERALE
	  	$	4,225,352.11	 
	 ASSOCIATED BANK, N.A.
	  	$	2,957,746.48	 
	 DANSKE BANK A/S
	  	$	517,241.38	 
		  	  
	  
	 
	 TOTAL:
	  	$	300,000,000.00