Document:

EX-10.18

 Exhibit 10.18 
  

 
 PORTFOLIO PURCHASE AND SALE
AGREEMENT 
 AND ESCROW INSTRUCTIONS 

BY AND BETWEEN 
 Those Seller
Parties listed on Exhibit A attached hereto 
 (collectively, “Seller”) 

AND 
 Those Buyer Parties listed
on Exhibit A attached hereto 
 (collectively, “Buyer”) 

 
  

 PORTFOLIO PURCHASE AND SALE AGREEMENT 

AND ESCROW INSTRUCTIONS 

THIS PORTFOLIO PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS (this “Agreement”) is made and entered into as of
October 24, 2017, among those parties identified as the “Seller Parties” on Exhibit A attached hereto and made a part hereof (collectively, “Seller”), and those parties identified as the “Buyer
Parties” on Exhibit A attached hereto and made a part hereof (collectively, “Buyer”; Buyer and Seller are hereinafter collectively referred to as the “Parties” and each as a
“Party”), with reference to the following: 
 A.        Each Seller Party is the
owner of the improved real property (each, a “Real Property” and collectively, the “Real Properties”) set forth next to such Seller Party’s name on Exhibit A attached hereto together with
certain personal property located upon or used in connection with such improved real property and certain other assets relating thereto, all as more particularly described in Section 2 hereof. 

B.        Each Seller Party desires to sell to the applicable Buyer Party, and each Buyer Party
desires to purchase from the applicable Seller Party, the applicable Real Property set forth next to such Seller Party and Buyer Party’s names on Exhibit A attached hereto and made a part hereof, together with certain personal property
and related assets on the terms and subject to the conditions contained in this Agreement. 
 NOW, THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
  

	1.	BASIC TERMS AND DEFINITIONS; REFERENCES  

1.1          Basic Terms and Definitions. 

(a)        Effective Date. The effective date of this Agreement shall be the date set forth
above (“Effective Date”). 
 (b)        Closing Date. The Close of Escrow
(as defined in Section 8.1 hereof) shall occur on November 8, 2017, at 10:59 p.m. (Pacific Standard Time) (the “Closing Date”), or at such other time and date as may be agreed between Buyer and Seller. 

(c)        Escrow Holder. The escrow holder shall be First American Title Insurance Company
(“Escrow Holder”), whose address is 18500 Von Karman Avenue, Suite 600, Irvine, California 92612, Escrow Officer: Patty Beverly; Telephone: (949) 885-2465; Telecopier: (877) 372-0260. 
 (d)        Title Company. The title company
shall be First American Title Insurance Company (“Title Company”), whose address is 18500 Von Karman Avenue, Suite 600, Irvine, California 92612, Title Coordinator: Kristen Hueter; Telephone: (949)
885-2450; Telecopier (877) 372-0256. 

1.2          References. All references to Exhibits and Schedules refer to
Exhibits and Schedules attached to this Agreement and all such Exhibits and Schedules are incorporated 

  
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herein by reference. The words “herein,” “hereof,” “hereinafter” and words of similar import refer to this Agreement as a whole and not to any particular Section
hereof. 
  

	2.	PURCHASE AND SALE 

 Subject to the terms and conditions of this Agreement, each
Seller Party agrees to sell, assign and transfer to the applicable Buyer Party and each Buyer Party agrees to purchase from the applicable Seller Party, for the purchase price set forth in Section 3 hereof, all of such
Seller Party’s right, title and interest in and to the following (collectively, the “Property” and more than one “Properties”; all of the Properties are collectively referred to herein as the
“Portfolio”): 
 2.1        The Real Property set forth next to such Seller
Party’s and Buyer Party’s names on Exhibit A attached hereto, together with the buildings located thereon, and all associated parking areas, and all other improvements located thereon (the buildings and such other improvements are
referred to herein collectively as the “Improvements”); all references hereinafter made to a Real Property shall be deemed to include all rights, privileges, easements and appurtenances benefiting such Real Property and/or the
Improvements situated thereon, including, without limitation, all mineral and water rights and all easements, rights-of-way and other appurtenances used or connected
with the beneficial use or enjoyment of such Real Property; 
 2.2        All personal property,
equipment, supplies and fixtures (collectively, the “Personal Property”) left on the Real Property at the Close of Escrow to the extent owned by such Seller Party; 

2.3        All of such Seller Party’s interest in any intangible property used exclusively in
connection with the Real Properties and Improvements, including, without limitation, all contract rights, warranties, guaranties, licenses, permits, entitlements, governmental approvals and certificates of occupancy; 

2.4        All of such Seller Party’s interest in all leases, tenancy agreements and other
similar occupancy agreements affecting such Seller Party’s Real Property as of the Close of Escrow (the “Leases”); and 

2.5        All of such Seller Party’s interest in the service agreements set forth under such
Seller Party’s name on Exhibit C attached hereto and all service agreements hereafter entered into by such Seller Party to the extent permitted by the provisions of this Agreement and affecting such Seller Party’s Real Property as
of the Close of Escrow (the “Contracts”). 
 Notwithstanding anything to the contrary contained herein, the term “Property” shall
expressly exclude any Rents (as such term is defined in Section 10.1 hereof) or any other amounts payable by tenants under the Leases for periods prior to the Close of Escrow, any Rent or other amounts payable by any former
tenants of such Property, and any judgments, stipulations, orders, or settlements with any tenants under the Leases or former tenants of such Property (hereinafter collectively referred to as the “Excluded Property”). 

  
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	3.	PURCHASE PRICE 

3.1        Purchase Price; Allocation. The purchase price for the Portfolio shall be
Eight Hundred Four Million and No/100 Dollars ($804,000,000) (the “Purchase Price”). The Purchase Price shall be allocated to each Property as follows: 

Northridge Center: Twenty Million Three Hundred Twenty Five Thousand and No/100 Dollars ($20,325,000); 

Iron Point: Thirty Six Million Seven Hundred Thousand and No/100 Dollars ($36,700,000); 

Bellevue Technology Center: One Hundred Thirty One Million One Hundred Fifty Thousand and No/100 Dollars ($131,150,000); 

Powers Ferry Landing: Eighteen Million Seven Hundred Twenty Five Thousand and No/100 Dollars ($18,725,000); 

1800 West Loop: Seventy Eight Million Five Hundred Fifty Thousand and No/100 Dollars ($78,550,000); 

West Loop I & II: Forty Six Million Three Hundred Thousand and No/100 Dollars ($46,300,000); 

Westech 360: Forty One Million Eight Hundred Thousand and No/100 Dollars ($41,800,000); 

Great Hills Plaza: Thirty Three Million One Hundred Fifty Thousand and No/100 Dollars ($33,150,000); 

Westmoor Center: One Hundred Seventeen Million Seventy Five Thousand and No/100 Dollars ($117,075,000); 

Maitland Promenade II: Forty Million Two Hundred Twenty Five Thousand and No/100 Dollars ($40,225,000); and 

The Plaza Buildings: Two Hundred Forty Million and No/100 Dollars ($240,000,000). 

3.2        Payment of Purchase Price. Provided all the conditions in
Section 7.1 hereof have been satisfied or waived by Buyer, Buyer shall deposit in cash or current funds with Escrow Holder no later than 1:00 p.m. (Pacific Standard Time) on the Closing Date (as defined in
Section 1.1(b) hereof) an amount equal to the Purchase Price plus or minus applicable prorations pursuant to Section 10 hereof. 

3.3        Independent Contract Consideration. Within three (3) business days after
the Effective Date, Buyer shall deliver to Seller in cash the sum of One Hundred and No/100 Dollars ($100.00) (the “Independent Contract Consideration”) which amount has been bargained for and agreed to as consideration for
Buyer’s exclusive option to purchase the Real Properties and the right to inspect the Real Properties as provided herein, and for Seller’s execution and delivery 

  
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of this Agreement. The Independent Contract Consideration is in addition to and independent of all other consideration provided in this Agreement, and is nonrefundable in all events. 

 

	4.	PROPERTY INFORMATION; TITLE POLICIES; INSPECTIONS; CONFIDENTIALITY 

4.1          Property Information. Prior to the Effective Date, Seller has
made available to Buyer, and will continue to make available to Buyer during the term of this Agreement, to the extent in Seller’s possession, the following in an electronic data room, at the applicable Real Property, or at the applicable
Seller Party’s local property manager’s office (collectively, the “Property Information”): 

(a)        the Leases; 

(b)        a current rent roll for each Real Property, indicating rents collected, scheduled rents
and concessions, delinquencies, and security deposits held (collectively, the “Rent Rolls”); 

(c)        the most current operating statements for each Real Property, if available (collectively,
the “Operating Statements”); 
 (d)        copies of the Contracts; 

(e)        existing land title surveys, if any, for each Real Property (each, an “Existing
Survey” and collectively, the “Existing Surveys”); and 
 (f)        any
environmental, soils and/or engineering reports prepared for Seller or Seller’s predecessors (the “Existing Reports”). 
 At the Close
of Escrow, Buyer shall reimburse Seller for the actual out-of-pocket costs and expenses incurred by Seller to obtain or update any third-party study, report or survey
that is specifically identified in this Agreement as a “Reimbursable Expense” or that the parties otherwise agree are Reimbursable Expenses, including any updates or modifications to any Existing Reports that Buyer requests that
Seller update for Buyer. The parties agree that the payment of the Reimbursable Expenses is fair and reasonable under the circumstances given that Seller is advancing the costs of such studies, reports and surveys for Buyer. For avoidance of doubt,
Seller shall not seek reimbursement for the cost of any existing reports or studies that were in Seller’s possession and were merely delivered to Buyer as part of Buyer’s due diligence and that were not updated, recertified or otherwise
modified for or at the request of Buyer. Seller shall not receive a reimbursement for the Reimbursable Expenses if the Close of Escrow fails to occur. 

4.2          Title Reports; Title Policy. Prior to the Effective Date, Seller
has made available to Buyer the preliminary title reports or title commitments covering each Real Property (each, a “Title Report” and collectively, the “Title Reports”) as listed on Schedule 1 attached
hereto, together with copies of all documents (collectively, the “Title Documents”) referenced in such Title Report. Prior to the Effective Date, Buyer has requested that Seller, as a Reimbursable Expense, have each of the Existing
Surveys updated, and if any Existing Survey 

  
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cannot be updated, order a new survey for the applicable Real Property (in each case, an “Updated Survey”). During the term of this Agreement, Seller shall assist Buyer, without
cost or expense to Seller, with any further review of the Title Reports and Updated Surveys by Buyer and answer all follow-up questions and provide additional requested information to the extent in
Seller’s possession. Seller covenants and agrees to remove (or cause to be removed) from the Real Properties concurrently with the Close of Escrow each of the following (collectively, the “Monetary Encumbrances”): (i) all deeds
of trust, mortgages and/or other debt instruments to the extent executed by Seller or expressly assumed by Seller in writing (which obligation shall be deemed satisfied if Seller or Escrow Holder has received a payoff letter from the applicable
lender and Seller has authorized Escrow Holder to use a portion of the Purchase Price to satisfy the applicable obligation in full in accordance with such pay off letter as part of the Close of Escrow), and (ii) any other monetary liens which
are of an ascertainable amount and are capable of money (which obligation shall be deemed satisfied if the same is bonded over in a manner acceptable to the Title Company); provided, however, that work affecting a Real Property performed or to be
performed by or on behalf of a tenant or subtenant under a Lease will not be Seller’s responsibility, and accordingly Seller shall not be obligated to remove from a Real Property either (x) notices of commencement of work to be performed
by contractors or subcontractors engaged by such tenants or subtenants, or (y) any liens filed with respect to such work performed by or on behalf of any such tenant, unless (and only to the extent that) an item referenced in either clauses
(x) or (y) above would impair Seller’s ability to transfer the applicable Real Property to Buyer. 

4.2.1    Delivery of Title Policy at Closing. As a condition precedent to the Close of Escrow, the Title
Company shall have issued and delivered to Buyer, or shall have committed to issue and deliver to Buyer, with respect to each Real Property, a Standard Coverage Owner’s Policy of Title Insurance (2006 Form) or with respect to the Real
Properties located in Texas, a TLTA T- 1 Owner’s Policy of Title Insurance, as applicable (each, a “Title Policy” and collectively, the “Title Policies”) in the
form of the applicable Title Report, issued by the Title Company as of the date and time of the recording of the applicable Deed (as such term is defined in Section 6.1 hereof) for such Real Property, in the amount
of the portion of the Purchase Price allocated to such Real Property, insuring the applicable Buyer Party as owner of good, marketable and indefeasible fee simple legal title to such Real Property, subject only to the Permitted Exceptions (as
hereinafter defined). For purposes of this Agreement, “Permitted Exceptions” shall mean and include (a) any lien to secure payment of real estate taxes, including special assessments, not delinquent, (b) all
matters which could be revealed or disclosed by a physical inspection or a survey of the applicable Real Property and matters affecting the applicable Real Property which are created by or with the written consent of Buyer or which do not adversely
affect Buyer’s contemplated use of such Real Property, (c) the rights of the tenants under the Leases affecting such Real Property, (d) all exceptions disclosed in writing by the Title Report relating to such Real Property,
(e) any exception for liens for services, labor or materials heretofore or hereafter furnished to the applicable Property for which Buyer is entitled to a credit at Closing pursuant to this Agreement, for which Buyer is expressly responsible
for payment under the terms of this Agreement, and/or which arises from any services, labor or materials contracted for by any tenant at such Property and with respect to which any such tenant is responsible for payment under the terms of its Lease,
and (f) all applicable laws, ordinances, rules and governmental regulations (including, without limitation, those relating to building, 

  
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zoning and land use) affecting the development, use, occupancy or enjoyment of such Real Property. 

4.3          Inspections. 

4.3.1    Inspections in General. During the term of this Agreement, Buyer, its agents, and employees shall
have a limited license (the “License”) to enter upon the Real Properties for the purpose of making non-invasive inspections at Buyer’s sole risk, cost and expense. Before any such entry,
Buyer shall provide Seller with a certificate of insurance naming Seller as an additional insured and with an insurer and insurance limits and coverage reasonably satisfactory to Seller. All of such entries upon any Real Property shall be at
reasonable times during normal business hours and after at least forty-eight (48) hours prior notice to Seller or Seller’s agent, and Seller or Seller’s agent shall have the right to accompany Buyer during any activities performed by
Buyer on such Real Property. Notwithstanding anything stated to the contrary herein, Buyer shall have no right to inspect any of the occupied space in any Real Property, and Buyer shall not contact or speak to any of the tenants under the Leases,
unless Buyer provides Seller with no less than forty-eight (48) hours prior written notice of such intention and Seller or Seller’s representative is present during such inspections and/or discussions with tenants; any discussions with
tenants shall immediately cease at the tenant’s request and any discussions with tenants must be limited to their existing tenancy and premises and may not involve any lease renegotiations. Seller agrees to make itself or its representatives
reasonably available to be present during Buyer’s inspections and/or discussions with tenants. Inspections by Buyer shall not interfere with the rights of tenants. To the extent a consultant is engaged by Buyer to perform any tests or
inspections, at Seller’s request, Buyer shall provide Seller (at reasonable cost to Seller) with a copy of the results of any such tests and inspections, excluding only market and economic feasibility studies. If any inspection or test disturbs
any Real Property, Buyer will restore such Real Property to the same condition as existed before the inspection or test. Buyer shall defend, indemnify Seller and hold Seller, Seller’s trustees, officers, tenants, agents, contractors and
employees and the Real Properties harmless from and against any and all losses, costs, damages, claims, or liabilities, including but not limited to, mechanics’ and materialmens’ liens and Seller’s attorneys’ fees, arising out of
or in connection with Buyer’s, or its agents’, contractors’, employees’, or invitees’ entry upon or inspection of any Real Property, but expressly excluding any such losses, costs, damages, claims or liabilities arising from
Buyer’s discovery of an existing condition on any Real Property so long as Buyer’s actions do not exacerbate such condition (and then only to the extent, if any, Buyer’s tests or inspections actually exacerbate such condition) or
arising from Seller’s negligence or willful misconduct. The License may be revoked by Seller at any time and shall in any event be deemed revoked upon termination of this Agreement. The provisions of this Section 4.3.1
shall survive the Close of Escrow or the earlier termination of this Agreement. 
 4.3.2    Environmental
Inspections. The inspections under Section 4.3.1 may include non-invasive Phase I environmental inspections of the Real Properties, but no Phase II environmental inspections
or other invasive inspections or sampling of soil or materials, including without limitation construction materials, either as part of the Phase I inspections or any other inspections, shall be performed without the prior written consent of Seller,
which may be withheld in its sole and absolute discretion (provided, however, that if a Phase I inspection of a Real Property recommends in writing that a Phase II inspection be conducted, Seller shall not

  
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unreasonably withhold its consent to such Phase II), and if consented to by Seller, the proposed scope of work and the party who will perform the work shall be subject to Seller’s review and
approval. Prior to the Effective Date, Buyer has requested that Seller, as a Reimbursable Expense, have each of the existing environmental reports updated, and if any existing environmental cannot be updated, order a new environmental for the
applicable Real. To the extent a consultant is engaged by Buyer to perform any other tests or inspections, at Seller’s request, Buyer shall deliver to Seller (at reasonable to Seller) copies of any Phase II or other environmental reports
performed by such consultant to which Seller consents as provided above. 

4.4          Contracts. Each Buyer Party shall assume the obligations arising
from and after the Closing Date under the Contracts applicable to the Real Property being purchased by such Buyer Party; provided, however, that: (1) notwithstanding anything stated to the contrary herein, with respect to any property
management agreement or leasing agreements listed in Exhibit C attached hereto and made a part hereof, Buyer shall have the right to elect in writing to either (A) assume each such property management agreement or leasing agreement as of
the Close of Escrow or (B) have Seller terminate such property management agreement or leasing agreement as of the Close of Escrow (in which case Buyer would enter into new replacements agreements with the applicable property managers and
leasing agents), and (2) if Buyer elects to have any property management or leasing agreement terminated pursuant to clause (1)(A), then notwithstanding Seller’s termination of any such property management agreement or leasing agreement
listed in Exhibit C attached hereto, and in consideration of Seller’s terminating the same and Seller’s continued leasing of the Portfolio after the Effective Date, Buyer shall be responsible for, and Buyer shall assume pursuant to
the terms and provisions of the Assignment of Leases and Contracts and Bill of Sale, as hereinafter defined, all leasing commissions payable (notwithstanding the termination of any such agreement) under such property management agreements and
leasing agreements after the Close of Escrow arising out of the lease of space in any Property after the Close of Escrow. 

4.5          Confidentiality. 

4.5.1    Each Party agrees not to disclose or permit the disclosure of any of the terms of this Agreement or any other
confidential, non-public or proprietary information relating to the Portfolio, any Seller Party, or the business of Seller (collectively, “Confidential Information”); provided that such
disclosure may be made (a) to any person who is a member, partner, manager, officer, investor, director or employee, directly or indirectly, of such Party or counsel to, or accountants of, such Party solely for their use and on a need-to-know basis; provided that such person or entity is notified of the Party’s confidentiality obligations hereunder, (b) with the prior consent of the other
Party, (c) subject to Section 4.5.2 below, pursuant to a subpoena, order issued or examination by a court, arbitrator or governmental body, agency or official, (d) to any lender providing financing to one or more
of the entities constituting Seller and/or Buyer, (e) to any governmental or regulatory authority, body or agency or stock exchange pursuant to applicable laws, rules, guidelines or regulations as reasonably determined by such Party, or
(f) pursuant to any regulatory requirement. Notwithstanding the foregoing and anything to the contrary in this Agreement, (i) any Party may disclose to any and all persons, without limitation of any kind, the tax treatment and tax
structure of the transaction contemplated by this Agreement and all materials of any kind (including opinions or other tax analyses) that are provided relating to such tax treatment and tax structure, and (ii) nothing

  
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contained herein shall impair any Party’s (or any Party’s affiliate’s) right to disclose information relating to this Agreement or to the Portfolio (x) to any due diligence
representatives and/or consultants that are engaged by, work for or are acting on behalf of, any securities dealers and/or broker dealers evaluating such Party or its affiliates, (y) in connection with any filings (including any amendment or
supplement to any S-11 filing) with governmental or regulatory agencies or stock exchanges (including the United States Securities and Exchange Commission or any regulatory agency or body in Singapore such as
the Singapore Exchange Securities Trading Limited (“SGX”)) by any Party or other person or entity holding an interest (direct or indirect) in any Party, and (z) to any broker/dealers in such Party’s or its affiliates’
broker/dealer network and any of the Party’s or its affiliates’ investors. 
 4.5.2    In the event that a
Party receives a request to disclose any Confidential Information under a subpoena or order or examination by a court, arbitrator or governmental body, agency or official, such Party shall to the extent legally practicable (i) promptly notify
the other Party, (ii) consult with the other Party on the advisability of taking steps to resist or narrow such request, and (iii) if disclosure is required or deemed advisable, reasonably cooperate with the other Party in any attempt such
other Party may make to obtain an order or other assurance that confidential treatment will be accorded the Confidential Information that is disclosed. 

4.5.3    Without limiting the rights of the Parties in Section 4.5.1 above, no Party shall
issue or publish any press release, tombstone or any other similar public communication advertising the sale of the Portfolio or any Property to Buyer that would disclose the financial aspects of this Agreement or the financial aspects of the
business of the Portfolio or such Property without the written prior approval of all of the Parties. 
  

	5.	OPERATIONS AND RISK OF LOSS 

5.1          Ongoing Operations. During the term of this Agreement, but
subject to the limitations set forth below, Seller shall carry on its businesses and activities relating to the Portfolio, including maintaining each Property in good condition and repair, subject to normal wear and tear and
Section 5.4 below, substantially in the same manner as Seller did before the date of this Agreement. 

5.2          New Contracts. During the term of this Agreement, Seller may
enter into new service agreements and may amend, renew, modify and terminate existing Contracts relating to the maintenance and operation of the Portfolio substantially in accordance with Seller’s past practices and in the ordinary course of
business, provided that Seller delivers to Buyer copies of any Contracts executed after the Effective Date within five (5) business after Seller’s execution of the same and these Contracts are cancelable on not more than thirty
(30) days’ written notice, without the payment of any termination or other similar fee. All of the new service agreements shall require the prior written approval of Buyer, which approval shall not be unreasonably withheld, conditioned or
delayed and may be delivered by David Snyder or Andy Gwee by electronic mail (and shall be deemed given if not rejected in writing within five (5) business days after Buyer receives Seller’s request for such approval). 

5.3          Leasing Arrangements. During the term of this Agreement, Seller
will not, without prior written approval of Buyer, which approval shall not be unreasonably withheld, conditioned or delayed and may be delivered by David Snyder or Andy Gwee by electronic mail 

  
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(and shall be deemed given if not rejected in writing within five (5) business days after Buyer receives Seller’s request for such approval): (a) execute any new Lease affecting any
Real Property (or any part thereof); (b) materially amend any existing Lease; or (c) terminate or accept the surrender of any Lease; provided however that Seller is authorized to accept the termination of Leases at their existing terms and to
expand, extend or renew any Lease pursuant to expansion, extension or renewal options contained therein. At the Close of Escrow, Buyer shall reimburse Seller for commissions, legal fees, the cost of tenant improvements, and all other leasing costs
and expenses paid by Seller with respect to all new leases and all other Lease amendments, expansions or renewals or new leases that were entered into after the Effective Date and, at Close of Escrow, shall assume in writing (pursuant to the
applicable Assignment of Leases and Contracts and Bill of Sale) Seller’s obligations (whether arising before or after the Closing Date) under such new leases and Lease amendments, expansions or renewals. 

5.4          Damage or Condemnation. Risk of loss shall remain with Seller. If
prior to the Close of Escrow, any Real Property shall be Materially Damaged (defined below), or if any Material Portion (defined below) of any Real Property shall be subjected to a bona fide written threat of condemnation or shall
become the subject of any proceedings, judicial, administrative or otherwise, with respect to the taking by eminent domain or condemnation by a governmental authority (a “Material Taking”), then Seller shall promptly notify Buyer in
writing that such Material Damage or Material Taking has occurred after Seller obtains actual knowledge of such occurrence, and Buyer may elect not to acquire the Real Property affected by such Material Damage or Material Taking, as applicable, by
delivering written notice of such election to Seller within five (5) days after Buyer learns of the Material Damage or Material Taking, in which event Buyer shall no longer be obligated to purchase, and Seller shall no longer be obligated to
sell, such Real Property and this Agreement shall terminate with respect to such Real Property (but not as to the other Real Properties). If the Closing Date is within the aforesaid 5-day period, then Buyer shall have the right to elect in
writing to extend the Close of Escrow to no later than the next business day following the end of said 5-day period so that Buyer may receive the benefit of such 5-day period (or so much so as Buyer may
elect). If no such election is made, and in any event if the damage does not constitute Material Damage, or an eminent domain or condemnation proceeding or bona fide written threat does not affect a Material Portion of the applicable Real Property,
then this Agreement shall remain in full force and effect, and the purchase contemplated herein (less any interest taken by eminent domain or condemnation) shall be consummated pursuant to the terms of this Agreement (after deducting all reasonable
costs incurred by Seller in defending such eminent domain or condemnation proceeding prior to the Close of Escrow); provided, however, that Buyer shall be entitled to receive any condemnation award or payment, and upon the Close of Escrow, Seller
shall assign, transfer and set over to Buyer all of the right, title and interest of Seller in and to any awards that have been or that may thereafter be made for such taking, and Seller shall assign, transfer and set over to Buyer any insurance
proceeds that may thereafter be made for such damage or destruction giving Buyer a credit at the Close of Escrow for any deductible under such policies. For purposes of this Section 5.4, the phrase(s) (i) “Material
Damage” or “Materially Damaged” means damage reasonably exceeding ten percent (10%) of the Purchase Price allocated to the applicable Real Property as reasonably determined by Seller after engaging a third-party consultant
to determine the scope and cost to repair of such damage, and (ii) “Material Portion” means any portion of a Real Property that has a “fair market value” exceeding ten percent (10%) of the Purchase Price allocated to the
applicable Real Property as reasonably determined by Seller after engaging a 

  
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third-party broker to provide an opinion of value with respect to the portion of the affected Real Property. 

5.5          Additional Covenants of Seller. During the term of this
Agreement, Seller covenants and agrees as follows: 
 (a)        No Monetary
Encumbrances. Not to create any new Monetary Encumbrances or to modify or increase any existing Monetary Encumbrances unless Seller will satisfy and discharge same at or prior to the Close of Escrow in accordance with
Section 4.2 above; 
 (b)        No Sales or Options to
Purchase. Not to sell or transfer, or agree to sell or transfer, any of the Real Properties or grant any option to sell or transfer any of the Real Properties inconsistent with this Agreement; 

(c)        Compliance with Laws and Agreements. To use commercially reasonable
efforts to conduct its business and affairs at each Real Property in a manner that will comply with (1) applicable laws, regulations, orders and directives of any governmental agency having jurisdiction over any of the Real Properties and
(2) Seller’s obligations under the Leases, the Contracts or other written agreements to which Seller is a party, in each case where such non-compliance would result in the imposition of a lien or
other encumbrance against a Real Property that would prevent the transfer of title of such Real Property or the imposition of a restriction that would prevent the continued use or operation of such Real Property in the manner that such Property was
operated prior to the date of this Agreement; 
 (d)        Maintain Insurance. To
continue to maintain its current insurance policies with respect to the Portfolio through the Close of Escrow and not to knowingly take any action or knowingly permit any action to be taken at any of the Properties that would render any such
existing insurance policies to be, or become invalid, void or voidable; 

(e)        Disclosure of Litigation. To promptly disclose to Buyer in writing any
service of process received or litigation filed against any Seller Party or, if within the Seller’s Actual Knowledge (defined below), brought by or against any Seller Party, under or in connection with the Leases and/or the any of the Real
Properties where such service of process or litigation filed would impose a continuing obligation or liability on Buyer or any Real Property after the Close of Escrow or any such Seller Party’s ability to perform hereunder. 

 

	6.	SELLER’S AND BUYER’S DELIVERIES 

6.1          Seller’s Deliveries into Escrow. In accordance with the
provisions of the Closing Escrow Agreement, Seller shall deliver into Escrow (as such term is defined in Section 9 hereof) to the Escrow Holder the following: 

(a)        Deed. A deed (the “Deed”) with respect to each Real
Property, in the form required by the jurisdiction in which the applicable Real Property is located, executed and acknowledged by the applicable Seller Party, conveying to the applicable Buyer Party such Seller Party’s title to the
applicable Real Property. 

  
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 (b)        Assignment of Leases and Contracts and
Bill of Sale. An Assignment of Leases and Contracts and Bill of Sale (each, an “Assignment of Leases and Contracts and Bill of Sale”) with respect to the each Property, in the form of Exhibit F
attached hereto, executed by the applicable Seller Party. 
 (c)        State Law
Disclosures. Such disclosures and reports as are required with respect to each Real Property by applicable state and local law in connection with the conveyance of such Real Property. 

(d)        FIRPTA. A Foreign Investment in Real Property Tax Act affidavit
executed by each Seller Party substantially in the form of Exhibit G attached hereto. 

(e)        Closing Escrow Agreement. The Closing Escrow Agreement (as defined in
Section 9.1 below), executed by Seller. 
 (f)        Owner’s
Affidavit. An Owner’s Affidavit with respect to each Real Property (“Owner’s Affidavit”), in the form of Exhibit I attached hereto, executed by the applicable Seller Party, except that Buyer shall
have no right to receive a copy of such Owner’s Affidavit. 
 (g)        Seller’s
Reaffirmation. A certificate of Seller confirming whether the representations and warranties made by Seller in Section 11.1 hereof continue to be true and correct in all material respects. 

(h)        State-Specific Deliveries. If applicable, the state-specific deliveries
(each, a “State-Specific Delivery” and collectively, the “State-Specific Deliveries”) listed under each Seller Party’s name on Exhibit E attached hereto. 

(i)        Additional Documents. Any additional documents that Escrow Holder or
the Title Company may reasonably require for the proper consummation of the transaction contemplated by this Agreement. 

6.2          Buyer’s Deliveries into Escrow. In accordance with the
provisions of the Closing Escrow Agreement, Buyer shall deliver into Escrow to the Escrow Holder the following: 

(a)        Purchase Price. The Purchase Price, plus or minus applicable prorations,
deposited by Buyer with the Escrow Holder in immediate, same day federal funds wired for credit into the Escrow Holder’s escrow account and deposited in Escrow Holder’s escrow account. 

(b)        Assignment of Leases and Contracts and Bill of Sale. An Assignment of
Leases and Contracts and Bill of Sale with respect to each Property, executed by the applicable Buyer Party. 

(c)        Closing Escrow Agreement. The Closing Escrow Agreement, executed by the
Seller. 
 (d)        State-Specific Deliveries. If applicable, the State-Specific
Deliveries listed under each Buyer Party’s name on Exhibit E attached hereto. 

  
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 (e)        State Law Disclosures. Such
disclosures and reports as are required by applicable state and local law in connection with the conveyance of the Real Property. 

(f)        Additional Documents. Any additional documents that Escrow Holder or
the Title Company may reasonably require for the proper consummation of the transaction contemplated by this Agreement. 

6.3          Closing Statements/Escrow Fees; Tenant Notices. Prior to 10:00
a.m. (Pacific Standard Time) on the Closing Date and as further provided in the Closing Escrow Agreement, Seller and Buyer shall deposit with the Escrow Holder executed closing statements consistent with this Agreement in the form required by the
Escrow Holder and, the applicable Seller Party and Buyer Party shall execute at the Close of Escrow, and deliver to each tenant immediately after the Close of Escrow, tenant notices regarding the sale of the applicable Real Property in substantially
the form of Exhibit H attached hereto, or such other form as may be required by applicable state law. 

6.4          Post-Closing Deliveries. Immediately after the Close of Escrow,
to the extent in Seller’s possession, each Seller Party shall deliver to the offices of the applicable Buyer Party’s property manager: the original Leases; copies or originals of all contracts, receipts for deposits, and unpaid bills; all
keys, if any, used in the operation of such Real Property; and, if in such Seller Party’s possession or control, any “as-built” plans and specifications of the Improvements. 

 

	7.	CONDITIONS TO BUYER’S AND SELLER’S OBLIGATIONS 

7.1          Conditions to Buyer’s Obligations. The Close of Escrow and
Buyer’s obligation to consummate the transaction contemplated by this Agreement are subject to the satisfaction of the following conditions for Buyer’s benefit (or Buyer’s waiver thereof, it being agreed that Buyer may waive any or
all of such conditions) on or prior to the Closing Date or on the dates designated below for the satisfaction of such conditions: 

(a)        All of Seller’s representations and warranties contained herein shall be true and
correct in all material respects as of the date of this Agreement and as of the Closing Date, subject to any qualifications hereafter made to any of Seller’s representations as provided for in Section 11.1 hereof; 

(b)        As of the Closing Date, Seller shall have performed its respective obligations hereunder
and all deliveries to be made at Close of Escrow by Seller shall have been tendered; 

(c)        There shall exist no actions, suits, arbitrations, claims, attachments, proceedings,
assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other proceedings, pending or threatened against Seller that would materially and adversely affect Seller’s ability to perform its respective obligations under
this Agreement; 
 (d)        There shall exist no pending or threatened action, suit or proceeding
with respect to Seller before or by any court or administrative agency which seeks to restrain or prohibit, or to obtain damages or a discovery order with respect to, this Agreement or the consummation of the transaction contemplated hereby; 

  
 -12- 

 (e)        Intentionally Deleted; 

(f)        The Title Company shall have executed the Closing Escrow Agreement and shall be
irrevocably committed to issue, the Title Policy for each Property in accordance with the provisions of Section 4.2.1 herein and the Closing Escrow Agreement; 

(g)        Funds received by Buyer from the initial public offering (the “Offering”)
of units (the “Units”) representing undivided interests in Keppel-KBS US REIT (“Buyer Parent REIT”), together with funds received by Buyer pursuant to any Bridge
Financing (each as defined below) are sufficient to pay the Purchase Price and all closing costs that are the responsibility of Buyer pursuant to Section 9.2 below; 

(h)        Buyer Parent REIT shall have obtained commitments from one or more commercial lenders in
an aggregate amount equal to Buyer Parent REIT’s required equity contribution to each Buyer Party (collectively, the “Bridge Financing”) in accordance with the terms of the Offering, which Bridge Financing shall close prior to
or concurrently with the Close of Escrow; 
 (i)        Intentionally Deleted; and 

(j)        Seller shall have received all consents and assignments and approvals from all parties
from whom such consents to assignments or approvals are needed under all contracts, covenants and other agreements relating to the Portfolio. 
 If,
notwithstanding the nonsatisfaction of any such condition, Buyer elects to waive such condition pursuant to Section 9.3 below and the Close of Escrow occurs, there shall be no liability on the part of Seller for breaches of
representations and warranties of which Buyer had actual knowledge as of the Close of Escrow. 

7.2          Conditions to Seller’s Obligations. The Close of Escrow and
Seller’s obligations to consummate the transaction contemplated by this Agreement are subject to the satisfaction of the following conditions for Seller’s benefit (or Seller’s waiver thereof, it being agreed that Seller may waive any
or all of such conditions) on or prior to the Closing Date or the dates designated below for the satisfaction of such conditions: 

(a)        All of Buyer’s representations and warranties contained herein shall be true and
correct in all material respects as of the date of this Agreement and as of the Closing Date; 

(b)        As of the Closing Date, Buyer has performed its obligations hereunder and all deliveries
to be made at Close of Escrow by Buyer shall have been tendered including, without limitation, the deposit with Escrow Holder of the amounts set forth in Section 6.2(a) hereof; 

(c)        There shall exist no actions, suits, arbitrations, claims, attachments, proceedings,
assignments for the benefit of creditors, insolvency, bankruptcy, reorganization or other proceedings, pending or threatened against Buyer that would materially and adversely affect Buyer’s ability to perform its obligations under this
Agreement; 

  
 -13- 

 (d)        There shall exist no pending or threatened
action, suit or proceeding with respect to Buyer before or by any court or administrative agency which seeks to restrain or prohibit, or to obtain damages or a discovery order with respect to, this Agreement or the consummation of the transaction
contemplated hereby; 
 (e)        Seller shall have received all consents and assignments and
approvals from all parties from whom such consents to assignments or approvals are needed under all contracts, covenants and other agreements relating to the Portfolio; 

(f)        Buyer Parent REIT shall have obtained commitments for the Bridge Financing; 

(g)        Intentionally Deleted; 

(h)        The Title Company shall have executed the Closing Escrow Agreement; and 

(i)        KBS Strategic Opportunity REIT, Inc. (“KBS SOR”) (the indirect one
hundred percent (100%) owner of each Seller Party) shall have received board approval authorizing it to consummate the transactions contemplated hereby. 

7.3          Additional Conditions Precedent to Closing. Between the
Effective Date and the Close of Escrow, no fact or circumstance shall have arisen (regardless of whether or not permitted under this Agreement) which Buyer or Buyer Parent REIT reasonably determines materially adversely affects the initial public
offering (“IPO”) of the Units and/or Buyer Parent REIT’s ability to obtain a listing on the Singapore Exchange Securities Trading Limited. In addition, as a condition to Buyer’s obligation to consummate the transaction
contemplated by this Agreement, Buyer Parent REIT shall have received the eligibility-to-list letter from the SGX approving, among other things, the listing of, and
quotation for Units on the SGX, the final prospectus shall have been registered in connection with the IPO, and Keppel-KBS US REIT Management Pte. Ltd., KBS Pacific Advisors Pte. Ltd., Keppel Capital Holdings
Pte. Ltd., GKP Holding LLC, KBS SOR (BVI) Holdings Ltd., Keppel Capital Investment Holdings Pte. Ltd., DBS Bank Ltd., Citigroup Global Markets Singapore Pte. Ltd., Credit Suisse (Singapore) Limited and Merrill Lynch (Singapore) Pte. Ltd. shall have
entered into the underwriting agreement in connection with the IPO and such underwriting agreement shall not have been terminated pursuant to its terms. 

7.4          Failure to List on SGX. 

(a)        Efforts to List. The Buyer shall use its commercially reasonable diligent
efforts to ensure that the Units will be listed, and the trading of such Units will commence, on the SGX. 

(b)        Failure to List. In the event that the listing described in
Section 7.4(a) is not or cannot be fulfilled prior to the Close of Escrow, Buyer shall be entitled to terminate this Agreement by delivering written notice to the Seller and Escrow Holder, in which event
this Agreement shall terminate, except for any provisions in this Agreement that expressly survive a termination of this Agreement. 

  
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 (c)        Return of Documents and Funds.
If this Agreement is terminated under Section 7.3 or the Section 7.4 and any closing documents or funds were delivered into Escrow with Escrow Holder in anticipation of the Close of Escrow,
each of such documents and funds shall be returned to the party that delivered same, or as such party may direct. 
  

	8.	CLOSE OF ESCROW; POSSESSION 

8.1        “Close of Escrow” shall mean and refer to point in time where the Escrow
Holder is irrevocably authorized by Seller and Buyer to release to Seller the Purchase Price and other amounts due to Seller, to direct the Title Company to record the Deeds, and to release the other closing documents to the parties. The Close of
Escrow will automatically occur as of 10:59 p.m. (Pacific Standard Time) on the Closing Date unless this Agreement and the Escrow is terminated pursuant to an express termination right hereunder or under the Closing Escrow Agreement. 

8.2        Sole exclusive possession of the Real Properties, subject only to the Permitted Exceptions,
shall be delivered to Buyer as of the Close of Escrow on the Closing Date. 
  

	9.	ESCROW 

9.1        Closing. The escrow (the “Escrow”) for the consummation of
this transaction shall be established with Escrow Holder at the address indicated in Section 15.1 hereof by the deposit of an original signed copy of this Agreement with Escrow Holder contemporaneously with the execution
hereof. This Agreement shall constitute both an agreement among Buyer and Seller and escrow instructions for Escrow Holder. In addition, in connection with the Closing, each Seller Party, each Buyer Party, Escrow Holder and the Title Company shall
execute a Closing Escrow Agreement in the form of Exhibit B attached hereto (the “Closing Escrow Agreement”), attached to which Closing Escrow Agreement shall be a list of all final pro forma Title Policies with
respect to the Properties (each, a “Pro Forma Title Policy” and collectively, the “Pro Forma Title Policies”) in the form of each applicable Title Report. The Closing Escrow Agreement shall provide that, subject to
the satisfaction of each condition set forth in the applicable Title Report and payment of the title premium and other fees applicable thereto, the Title Company shall be obligated to issue each Title Policy to the applicable Buyer Party in the form
of the applicable Pro Forma Title Policy as soon as practicable after the recording of the applicable Deed. If Escrow Holder requires separate or additional escrow instructions which it deems necessary for its protection, Seller and Buyer hereby
agree promptly upon request by Escrow Holder to execute and deliver to Escrow Holder such separate or additional escrow instructions (the “Additional Instructions”). In the event of any conflict or inconsistency (i) between
this Agreement, the Closing Escrow Agreement, and the Additional Instructions, this Agreement and the Closing Escrow Agreement shall prevail and govern, and the Additional Instructions shall so provide, and (ii) between this Agreement and the
Closing Escrow Agreement, the Closing Escrow Agreement shall prevail and govern, and the Closing Escrow Agreement shall so provide. The Additional Instructions shall not modify or amend the provisions of this Agreement or the Closing Escrow
Agreement unless otherwise agreed to in writing by Seller and Buyer. 
 On the Closing Date, provided that the conditions set forth in
Sections 7.1, 7.2, 7.3 or 7.4 hereof have been satisfied or waived, Escrow Holder shall take the following actions in the order indicated below, in each case as more particularly set forth in the Closing Escrow Agreement: 

  
 -15- 

 (a)        With respect to all closing documents
delivered to Escrow Holder hereunder, and to the extent necessary, Escrow Holder is authorized to insert into all blanks requiring the insertion of dates the date of the recordation of the applicable Deed or such other date as Escrow Holder may be
instructed in writing by Seller and Buyer; 
 (b)        Deliver to Seller, in cash or current
funds, the Purchase Price, plus or minus, as the case may be, the amounts determined in accordance with the provisions of Section 10 hereof, each Buyer Party’s signed counterparts of the applicable Assignment of Leases
and Contracts and Bill of Sale and conformed copies of the recorded Deeds; 
 (c)        Record
each the Deed in the official records of the County in which the applicable Real Property is located; 

(d)        Deliver to Buyer those items referred to in Section 6.1 hereof
and a conformed copy of each recorded Deed; 
 (e)        Cause the Title Company to issue the
Title Policy for the Real Property in accordance with the provisions of this Section 9.1 and the Closing Escrow Agreement; and 

(f)        Deliver to Seller and Buyer a final closing statement which has been certified by Escrow
Holder to be true and correct. 
 9.2          Escrow and Title Charges.

 (a)        Upon the Close of Escrow, escrow, title charges and other closing costs shall be
allocated between Seller and Buyer in accordance with local custom in the applicable jurisdiction. If Buyer desires ALTA extended coverage for any Title Policy, Buyer shall pay the premiums and any additional costs for such coverage (additional to
the premiums for standard coverage) and the cost of any endorsements to such Title Policy, if required by Buyer. In addition, Buyer shall pay all costs incurred in connection with Buyer’s updating or recertifying any Existing Surveys or
obtaining any surveys for any Real Property. Except to the extent otherwise specifically provided herein, all other expenses incurred by Seller and Buyer with respect to the negotiation, documentation and closing of this transaction shall be borne
and paid by the party incurring same. If the Close of Escrow does not occur by reason of Buyer’s or Seller’s default under this Agreement, then all escrow and title charges (including cancellation fees) shall be borne by the party in
default. 
 9.3          Procedures Upon Failure of Condition. Except as
otherwise expressly provided herein or in the Closing Escrow Agreement, if any condition set forth in Sections 7.1 or 7.2 hereof is not timely satisfied or waived for a reason other than the default of Buyer or Seller in the
performance of its respective obligations under this Agreement: 
 (a)        This Agreement, the
Escrow and the respective rights and obligations of Seller and Buyer hereunder shall terminate (other than the indemnity and insurance obligations of Buyer set forth in Sections 4.3.1 and 14 hereof and the confidentiality provisions of
Section 4.6 hereof which shall survive such termination) at the written election of the party for whose benefit such condition was imposed, which written election must be made (i) within two (2) business days after
(but, as to the condition in Section 7.1(e) above, within one (1) business 

  
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day after) the date such condition was to be satisfied, or (ii) on the date the Close of Escrow occurs, whichever occurs first; 

(b)        Escrow Holder shall promptly return to Buyer all funds of Buyer in its possession, and to
Seller and Buyer all documents deposited by them respectively, which are then held by Escrow Holder; 

(c)        Buyer shall destroy or return to Seller the Property Information and Buyer shall deliver
to Seller all Work Product (as such term is defined in Section 15.3 hereof); and 

(d)        Any escrow cancellation and title charges shall be borne equally by Seller and Buyer. 

 

	10.	PRORATIONS 

 If the Purchase Price is received by Seller’s depository bank
in time to credit to Seller’s account on the Closing Date, the day the Close of Escrow occurs shall belong to Buyer and all prorations hereinafter provided to be made as of the Close of Escrow shall each be made as of the end of the day before
the Closing Date. If the cash portion of the Purchase Price is not so received by Seller’s depository bank on the Closing Date, then the day the Close of Escrow occurs shall belong to Seller and such proration shall be made as of the end of the
day that is the Closing Date. In each such proration set forth below, the portion thereof applicable to periods beginning as of Close of Escrow shall be credited to Buyer or charged to Buyer as applicable and the portion thereof applicable to
periods ending as of Close of Escrow shall be credited to Seller or charged to Seller as applicable. 

10.1        Collected Rent. All rent (including, without limitation, all base rents,
additional rents and retroactive rents, and expressly excluding tenant reimbursements for Operating Costs, as hereinafter defined) and all other income (and any applicable state or local tax on rent) (hereinafter collectively referred to as
“Rents”) collected under Leases in effect on the Closing Date shall be prorated as of the Close of Escrow. Uncollected Rent shall not be prorated and, to the extent payable for the period prior to the Close of Escrow, shall remain
the property of Seller. Buyer shall apply Rent from tenants that are collected after the Close of Escrow first to Rents which were applicable to the month of Closing, second to Rents which are due to Buyer after the Close of Escrow, and third to
Rents which were due to Seller on or before the Close of Escrow. Any prepaid Rents for the period following the Closing Date shall be paid over by Seller to Buyer. Buyer will make reasonable efforts, without suit, to collect any Rents applicable to
the period before the Close of Escrow including, without limitation, sending to tenants bills for the payment of past due Rents during the first twelve (12) month period following the Closing Date. Seller may pursue collection of any Rents that
were past due as of the Closing Date, provided that Seller shall have no right to terminate any Lease or any tenant’s occupancy under any Lease in connection therewith. 

10.2        Operating Costs and Additional Rent Reconciliation. Seller, as landlord
under the Leases, is currently collecting from tenants under the Leases additional rent to cover taxes, insurance, utilities (to the extent not paid directly by tenants), common area maintenance and other operating costs and expenses (collectively,
“Operating Costs”) in connection with the ownership, operation, maintenance and management of the Real Properties. To the extent that 

  
 -17- 

 
any additional rent (including, without limitation, estimated payments for Operating Costs) is paid by tenants to the landlord under the Leases based on an estimated payment basis (monthly,
quarterly, or otherwise) for which a future reconciliation of actual Operating Costs to estimated payments is required to be performed at the end of a reconciliation period, Buyer and Seller shall make an adjustment at the Close of Escrow for the
applicable reconciliation period (or periods, if the Leases do not have a common reconciliation period) based on a comparison of the actual Operating Costs to the estimated payments at the Close of Escrow. If, as of the Close of Escrow, Seller has
received additional rent payments in excess of the amount that tenants will be required to pay, based on the actual Operating Costs as of the Close of Escrow, Buyer shall receive a credit in the amount of such excess. If, as of the Close of Escrow,
Seller has received additional rent payments that are less than the amount that tenants would be required to pay based on the actual Operating Costs as of the Close of Escrow, Seller shall receive a credit in the amount of such deficiency; provided,
however, Seller shall not be entitled to the portion, if any, of such deficiency for which Seller received a credit at the Close of Escrow under clause (b) of Section 10.3 hereof. Operating Costs that are not payable
by tenants either directly or reimbursable under the Leases shall be prorated between Seller and Buyer and shall be reasonably estimated by the parties if final bills are not available. 

10.3        Taxes and Assessments. Real estate taxes and assessments imposed by any
governmental authority (“Taxes”) with respect to the Real Properties for the relevant tax year in which such Real Property is being sold and that are not yet due and payable or that have not yet been paid and that are not (and will
not be) reimbursable by tenants under the Leases (or under leases entered into after the Close of Escrow for vacant space existing at the Close of Escrow) as Operating Costs shall be prorated as of the Close of Escrow based upon the most recent
ascertainable assessed values and tax rates and based upon the number of days Buyer and Seller will have owned the applicable Real Property during such relevant tax year. Seller shall receive a credit for any Taxes paid by Seller and applicable to
(a) any period after the Close of Escrow, and (b) any period before the Close of Escrow to the extent reimbursable as Operating Costs by (i) existing tenants under the Leases and not yet received from such tenants, or (ii) future
tenants that may execute leases covering space in such Real Property that is vacant as of the Close of Escrow. If, as of the Closing Date, Seller is protesting or has notified Buyer, in writing, that it has elected to protest any Taxes for any Real
Property, then Buyer agrees that Seller shall have the right (but not the obligation), after the Closing Date, to continue such protest. In such case, any Taxes paid by Buyer after the Closing Date with respect to such Real Property shall be paid
under protest and Buyer shall promptly notify Seller of any payments of Taxes made by Buyer with respect to such Real Property. Buyer further agrees to cooperate with Seller and execute any documents requested by Seller in connection with such
protest. As to each Real Property, any tax savings received (“Tax Refunds”) for the relevant tax year under any protest, whether filed by Seller or Buyer, shall be prorated between the parties based upon the number of days, if any,
Seller and Buyer respectively owned the Real Property during such relevant tax year; if such protest was filed by a Seller, any payment of Tax Refunds to Buyer shall be net of any fees and expenses payable to any third party for processing such
protest, including attorneys’ fees. Seller shall have the obligation to refund to any tenants in good standing as of the date of such Tax Refund, any portion of such Tax Refund paid to Seller which may be owing to such tenants, which payment
shall be paid to Buyer within fifteen (15) business days of delivery to Seller by Buyer of written confirmation of such tenants’ entitlement to such Tax Refunds. Buyer shall have the obligation to refund to tenants in good standing as of
the date of such Tax Refund, any 

  
 -18- 

 
portion of such Tax Refund paid to it which may be owing to such tenants. Seller and Buyer agree to notify the other in writing of any receipt of a Tax Refund within fifteen (15) business
days of receipt of such Tax Refund. To the extent either party obtains a Tax Refund, a portion of which is owed to the other party, the receiving party shall deliver the Tax Refund to the other party within fifteen (15) business days of its
receipt. If Buyer or Seller fail to pay such amount(s) to the other as and when due, such amount(s) shall bear interest from the date any such amount is due to Seller or Buyer, as applicable, until paid at the lesser of (a) twelve percent (12%)
per annum and (b) the maximum amount permitted by law. The obligations set forth herein shall survive the Close of Escrow and Buyer agrees that, as a condition to the transfer of the any Property by Buyer, Buyer will cause any transferee to
assume the obligations set forth herein. 
 10.4        Leasing Commissions, Tenant
Improvements and Contracts. At Close of Escrow, the applicable Buyer Party shall assume (pursuant to the Assignment of Leases and Contracts and Bill of Sale for the applicable Property) the obligation to pay all (a) leasing costs that
are due or become due prior to the Closing Date to the extent that the same arise from a new lease or any Lease amendment, extension or expansion hereafter entered into by Seller in accordance with the terms and conditions of this Agreement, and
(b) leasing costs that are due after the Closing Date. Buyer will assume the obligations arising from and after the Closing Date under the Contracts. 

10.5        Tenant Deposits. All tenant security deposits actually received by Seller
(and interest thereon if required by law or contract to be earned thereon) and not theretofore applied to tenant obligations under the Leases shall be transferred or credited to Buyer at the Close of Escrow or placed in escrow if required by law. As
of the Close of Escrow, Buyer shall assume Seller’s obligations related to tenant security deposits that are actually transferred or credited to Buyer at the Close of Escrow. Solely with respect to tenant security deposits that are actually
transferred or credited to Buyer at the Close of Escrow, Buyer will indemnify, defend, and hold Seller harmless from and against all demands and claims made by tenants arising out of the transfer or disposition of any such security deposits and will
reimburse Seller for all attorneys’ fees incurred or that may be incurred as a result of any such claims or demands as well as for all loss, expenses, verdicts, judgments, settlements, interest, costs and other expenses incurred or that may be
incurred by Seller as a result of any such claims or demands by tenants. If any security deposits are in the form of a letter or credit, Seller’s obligation to deliver or credit such deposit shall be satisfied by the delivery by Seller of the
original letter of credit to Buyer. Seller shall cooperate with Buyer to transfer any such letters of credit, including signing any assignment document requested by the issuer and presented to Seller prior to or after Closing, but expressly
excluding any obligation to draw on any letter of credit for the benefit of Buyer. All costs of the assignment of any letter of credit shall be paid by Buyer without prejudice to Buyer’s right to seek reimbursement from a tenant for such costs
post-closing if permitted under the respective lease. Seller agrees that it shall not hereafter apply any tenant security deposits set to tenant obligations unless (i) the respective tenant is in default under its Lease and (ii) the
respective tenant is no longer in possession of their premises. 
 10.6        Utilities and
Utility Deposits. Utilities for each Real Property (excluding utilities for which payment is made directly by tenants), including water, sewer, electric, and gas, based upon the last reading of meters prior to the Close of Escrow, shall be
prorated. Seller shall 

  
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be entitled to a credit for all security deposits held by any of the utility companies providing service to a Real Property. Seller shall endeavor to obtain meter readings on the day before the
Closing Date, and if such readings are obtained, there shall be no proration of such items and Seller shall pay at Close of Escrow the bills therefor for the period to the day preceding the Close of Escrow, and Buyer shall pay the bills therefor for
the period subsequent thereto. If the utility company will not issue separate bills, Buyer will receive a credit against the Purchase Price for Seller’s portion and will pay the entire bill prior to delinquency after Close of Escrow. If Seller
has paid utilities in advance in the ordinary course of business, then Buyer shall be charged its portion of such payment at Close of Escrow. Buyer shall be responsible for making any security deposits required by utility companies providing service
to a Real Property. 
 10.7        Owner Deposits. Seller shall receive a credit at
the Close of Escrow for all bonds, deposits, letters of credit, set aside letters or other similar items, if any, that are outstanding with respect to any Real Property that have been provided by Seller or any of its affiliates to any governmental
agency, public utility, or similar entity (collectively, “Owner Deposits”) to the extent assignable to Buyer. To the extent any Owner Deposits are not assignable to Buyer, Buyer shall replace such Owner Deposits and
obtain the release of Seller (or its affiliates) from any obligations under such Owner Deposits. To the extent that any funds are released as a result of the termination of any Owner Deposits for which Seller did not get a credit, such funds shall
be delivered to Seller immediately upon their receipt. 
 10.8        Final Adjustment After
Closing. If final prorations cannot be made at the Close of Escrow for any item being prorated under this Section 10, then, provided Buyer and Seller identify any such proration (“Post Closing
Proration”) in writing before the Close of Escrow, Buyer and Seller agree to allocate such items on a fair and equitable basis as soon as invoices or bills are available and applicable reconciliation with tenants have been completed, with
final adjustment to be made as soon as reasonably possible after the Close of Escrow (but in no event later than ninety (90) days after the Close of Escrow, except that adjustments arising from any tax protest under
Section 10.3 shall not be subject to such 90-day limitation, but shall be made as soon as reasonably possible), to the effect that income and expenses are received and paid by the parties on an accrual basis with
respect to their period of ownership. Payments in connection with the final adjustment shall be due no later than ninety (90) days after the Close of Escrow, except that adjustments arising from any tax protest under
Section 10.3 shall not be subject to such 90-day limitation, but shall be made as soon as reasonably possible. Seller shall have reasonable access to, and the right to inspect and audit, Buyer’s books to confirm
the final prorations for a period of one (1) year after the Close of Escrow. Notwithstanding anything to the contrary stated in this Section 10, except for any reconciliation arising out of a tax protest under
Section 10.3 hereof, and except for any Post Closing Prorations (which must be determined and paid within ninety (90) days after the Close of Escrow), all prorations made under this Section 10
shall be final as of the Close of Escrow and shall not be subject to further adjustment (whether due to an error or for any other reason) after the Close of Escrow. 
  

	11.	SELLER’S REPRESENTATIONS AND WARRANTIES; AS-IS 

11.1        Seller’s Representations and Warranties. In consideration of
Buyer’s entering into this Agreement and as an inducement to Buyer to purchase the Portfolio from Seller, Seller makes the following representations and warranties to Buyer: 

  
 -20- 

 (a)        Each Seller Party is a limited liability
company duly organized, validly existing, and in good standing under the laws of the State of Delaware. Subject to KBS SOR’s obtaining board approval pursuant to Section 7.2(i) above, each Seller Party has the legal
right, power and authority to enter into this Agreement and to consummate the transactions contemplated hereby, and subject to KBS SOR’s obtaining board approval pursuant to Section 7.2(i) above, the execution,
delivery and performance of this Agreement have been duly authorized and no other action by Seller is requisite to the valid and binding execution, delivery and performance of this Agreement, except as otherwise expressly set forth herein. 

(b)        The obligations of each Seller Party under this Agreement constitute its legal, valid and
binding obligations enforceable against it in accordance with its terms. 
 (c)        To each
Seller’s Actual Knowledge, except as disclosed in any rent roll delivered or made available to Buyer or as disclosed in Schedule 2 attached hereto: (i) each Seller is not in material breach of the terms of any of the Leases,
(ii) Seller has not received any written notice from any tenant under any Lease that Seller is currently in breach of a material obligation under any Lease that remains uncured as of the Effective Date, (iii) Seller is not aware of any
existing material breach by a tenant of the terms of any Lease, (iv) Seller has not delivered any written notice to any tenant under any Lease claiming that such tenant is currently in breach of a material obligation under any Lease that
remains uncured as of the Effective Date, and (v) Seller has not received written notice from any tenant under any Lease or any governmental authority or any third party claiming that any of the Leases are not enforceable. 

(d)        There is no agreement, including any partnership agreement, operating agreement, mortgage,
Lease, Contract, or articles of incorporation, bylaws, partnership certificate, articles of organization, indenture, deed to secure debt, deed of trust or other document, to which Seller is a party or to Seller’s Actual Knowledge binding on
Seller which would prevent Seller from consummating the transaction contemplated by this Agreement. 

(e)        To each Seller’s Actual Knowledge, except as disclosed on Schedule 2 attached
hereto, no Seller Party has received written notice from any governmental agency in the last twelve (12) months that the Property owned by such Seller Party or the current use and operation thereof violate any applicable federal, state or
municipal law, statute, code, ordinance, rule or regulation (including those relating to environmental matters), except with respect to such violations as have been fully cured and as to which there are no unpaid fines or penalties owing prior to
the date hereof. 
 (f)        To each Seller’s Actual Knowledge, except as disclosed on
Schedule 2 attached hereto, there is no currently pending proceedings for, or bona fide written threat of, condemnation or the exercise of the right of eminent domain as to any Property. 

(g)        To each Seller’s Actual Knowledge, except as disclosed on Schedule 2 attached
hereto, there is no litigation currently pending, or bona fide written threat of, litigation against any Property or such Seller Party that would adversely affect such Property after the Close of Escrow (other than claims for personal injury and
property damage that are covered by insurance) or use thereof, or such Seller Party’s ability to perform hereunder. 

  
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 (h)        To Seller’s Actual Knowledge, no Seller
Party has received written notice of the existence of any attachments, executions, assignments for the benefit of creditors, or voluntary or involuntary proceedings in bankruptcy or under other debtor relief laws contemplated by, pending, or
threatened against any tenant or any tenant guarantor. 
 (i)        To each Seller’s Actual
Knowledge: (i) the list of Leases scheduled in Exhibit C-1 attached hereto sets forth all of the Leases (including amendments and guaranties relating thereto, if any) affecting the Portfolio as of
the Effective Date, (ii) the copies of the Leases made available to Buyer are true and correct copies of such Leases in Seller’s possession, and (iii) each such Lease is in full force and effect. 

(j)        To each Seller’s Actual Knowledge: (i) the list of Contracts scheduled in
Exhibit C attached hereto sets forth all of the Contracts (including amendments and guaranties relating thereto, if any) affecting the Portfolio as of the Effective Date, (ii) except as disclosed in Schedule 2 attached hereto,
each Seller has not received written notice that Seller is currently in breach of a material obligation under any Contract that remains uncured as of the Effective Date, and (iii) the copies of the Contracts made available to Buyer are true and
correct copies of such Contracts in Seller’s possession. 
 (k)        To each Seller’s
Actual Knowledge, no Seller Party nor any of its respective affiliates or constituents (but expressly excluding the shareholders of KBS SOR), nor any of their respective brokers or other agents acting in any capacity in connection with the
transactions contemplated by this Agreement is or will be (a) conducting any business or engaging in any transaction or dealing with any person appearing on the U.S. Treasury Department’s Office of Foreign Assets Control
(“OFAC”) list of restrictions and prohibited persons (“Prohibited Person”) (which lists can be accessed at the following web address: http://www.ustreas.gov/offices/enforcement/ofac/), including the making or
receiving of any contribution of funds, goods or services to or for the benefit of any Prohibited Person; or (b) dealing in, or otherwise engaging in any transaction relating to, any property or interests in property blocked pursuant to
Executive Order No. 13224 dated September 24, 2001, relating to “Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism”; or (c) engaging in or conspiring to engage
in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempting to violate, any of the prohibitions set forth in any U.S. anti-money laundering law. 

(l)        Except for this Agreement and the security interests granted to the existing lenders
(which will be released at the Close of Escrow pursuant to Section 4.2 above), no Seller Party has entered into any other contract to sell any of the Real Properties (or any part thereof), and no Seller Party has entered
into any option to purchase, right of first refusal to purchase or first opportunity to purchase any of the Properties or any portion thereof. 
 For
purposes of this Section 11.1, the phrase “To Seller’s Actual Knowledge” shall mean the actual (and not implied, imputed, or constructive) knowledge of Brian Ragsdale, without any inquiry or
investigation other than to review and discuss the accuracy of each of Seller’s representations and warranties in this Section 11.1 with each KBS asset manager of the Portfolio prior to the Effective Date. 

  
 -22- 

 The representations and warranties made by Seller in this Agreement shall survive the recordation of the Deeds
for a period of twelve (12) months and any action for a breach of Seller’s representations or warranties must be made and filed within said twelve (12) month period. If, after the Effective Date, but before the Close of Escrow, Seller
becomes aware of any facts or changes in circumstances that would cause any of its representations and warranties in this Agreement to be untrue at Close of Escrow, Seller shall notify Buyer in writing of such fact. In such case, or in the event
Buyer obtains information which would cause any of Seller’s representations and warranties to be untrue at Close of Escrow, Buyer, as its sole and exclusive remedy, shall have the right to either (i) terminate this Agreement, in which case
neither party shall have any rights or obligations under this Agreement (except for Sections 4.3.1, 15.3 and 15.5 which survive termination of this Agreement); or (ii) accept a qualification to Seller’s representations
and warranties as of the Close of Escrow and complete the purchase and sale of the Property without any rights to recovery for breach of the unqualified representation and warranty. Other than as set forth in the immediately preceding sentence, if
Buyer proceeds with the Close of Escrow, Buyer shall be deemed to have expressly waived any and all remedies for the breach of any representation or warranty discovered by Buyer prior to the Close of Escrow. 

11.2        As-Is. As of the Closing Date, Buyer
will have: 
 (a)        examined and inspected the Portfolio and will know and be satisfied with
the physical condition, quality, quantity and state of repair of the Portfolio in all respects (including, without limitation, the compliance of the Real Property with the Americans With Disabilities Act of 1990 Pub.L.
101-336, 104 Stat. 327 (1990), and any comparable local or state laws (collectively, the “ADA”)) and by consummating this transaction at the Close of Escrow, shall be deemed to have determined
that the same is satisfactory to Buyer; 
 (b)        reviewed the Property Information and all
instruments, records and documents which Buyer deems appropriate or advisable to review in connection with this transaction, including, but not by way of limitation, any and all architectural drawings, plans, specifications, surveys, building and
occupancy permits, and any licenses, leases, contracts, warranties and guarantees relating to the Real Properties or the business conducted thereon, and Buyer, by consummating this transaction at the Close of Escrow, shall be deemed to have
determined that the same and the information and data contained therein and evidenced thereby are satisfactory to Buyer; 

(c)        reviewed all applicable laws, ordinances, rules and governmental regulations (including,
but not limited to, those relating to building, zoning and land use) affecting the development, use, occupancy or enjoyment of the Real Properties, and Buyer, by consummating this transaction at the Close of Escrow, shall be deemed to have
determined that the same are satisfactory to Buyer; and 
 (d)        at its own cost and expense,
made its own independent investigation respecting the Portfolio and all other aspects of this transaction, and shall have relied thereon and on the advice of its consultants in entering into this Agreement, and Buyer, by consummating this
transaction at the Close of Escrow, shall be deemed to have determined that the same are satisfactory to Buyer. 

  
 -23- 

 TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, AND EXCEPT FOR SELLER’S REPRESENTATIONS AND WARRANTIES IN
SECTION 11.1 OF THIS AGREEMENT AND ANY WARRANTIES OF TITLE CONTAINED IN THE DEEDS DELIVERED AT THE CLOSE OF ESCROW (“SELLER’S WARRANTIES”), THIS SALE IS MADE AND WILL BE MADE WITHOUT REPRESENTATION,
COVENANT, OR WARRANTY OF ANY KIND (WHETHER EXPRESS, IMPLIED, OR, TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, STATUTORY) BY SELLER. AS A MATERIAL PART OF THE CONSIDERATION FOR THIS AGREEMENT, BUYER AGREES TO ACCEPT THE PORTFOLIO ON AN “AS
IS” AND “WHERE IS” BASIS, WITH ALL FAULTS, AND WITHOUT ANY REPRESENTATION OR WARRANTY, ALL OF WHICH SELLER HEREBY DISCLAIMS, EXCEPT FOR SELLER’S WARRANTIES. EXCEPT FOR SELLER’S WARRANTIES, NO WARRANTY OR REPRESENTATION IS
MADE BY SELLER AS TO FITNESS FOR ANY PARTICULAR PURPOSE, MERCHANTABILITY, DESIGN, QUALITY, CONDITION, OPERATION OR INCOME, COMPLIANCE WITH DRAWINGS OR SPECIFICATIONS, ABSENCE OF DEFECTS, ABSENCE OF HAZARDOUS OR TOXIC SUBSTANCES, ABSENCE OF FAULTS,
FLOODING, OR COMPLIANCE WITH LAWS AND REGULATIONS INCLUDING, WITHOUT LIMITATION, THOSE RELATING TO HEALTH, SAFETY, AND THE ENVIRONMENT (INCLUDING, WITHOUT LIMITATION, THE ADA (AS DEFINED ABOVE)). BUYER ACKNOWLEDGES THAT BUYER HAS ENTERED INTO THIS
AGREEMENT WITH THE INTENTION OF MAKING AND RELYING UPON ITS OWN INVESTIGATION OF THE PHYSICAL, ENVIRONMENTAL, ECONOMIC USE, COMPLIANCE, AND LEGAL CONDITION OF THE PORTFOLIO AND THAT BUYER IS NOT NOW RELYING, AND WILL NOT LATER RELY, UPON ANY
REPRESENTATIONS AND WARRANTIES MADE BY SELLER OR ANYONE ACTING OR CLAIMING TO ACT, BY, THROUGH OR UNDER OR ON SELLER’S BEHALF CONCERNING THE PORTFOLIO. ADDITIONALLY, BUYER AND SELLER HEREBY AGREE THAT (A) EXCEPT FOR SELLER’S WARRANTIES,
BUYER IS TAKING THE PORTFOLIO “AS IS” WITH ALL LATENT AND PATENT DEFECTS AND THAT EXCEPT FOR SELLER’S WARRANTIES, THERE IS NO WARRANTY BY SELLER THAT THE PORTFOLIO ARE FIT FOR A PARTICULAR PURPOSE, (B) EXCEPT FOR SELLER’S
WARRANTIES, BUYER IS SOLELY RELYING UPON ITS EXAMINATION OF THE PORTFOLIO, AND (C) BUYER TAKES THE PORTFOLIO UNDER THIS AGREEMENT UNDER THE EXPRESS UNDERSTANDING THAT THERE ARE NO EXPRESS OR IMPLIED WARRANTIES (EXCEPT FOR THE LIMITED WARRANTIES OF
TITLE SET FORTH IN THE DEEDS AND SELLER’S WARRANTIES). 
 AS PART OF THE PROVISIONS OF THIS SECTION, BUT NOT AS A LIMITATION THEREON,
BUYER HEREBY AGREES, REPRESENTS AND WARRANTS THAT THE MATTERS RELEASED HEREIN ARE NOT LIMITED TO MATTERS WHICH ARE KNOWN OR DISCLOSED, AND BUYER HEREBY WAIVES ANY AND ALL RIGHTS AND BENEFITS WHICH IT NOW HAS, OR IN THE FUTURE MAY HAVE CONFERRED UPON
IT, BY VIRTUE OF THE PROVISIONS OF FEDERAL, STATE OR LOCAL LAW, RULES OR REGULATIONS, INCLUDING SECTION 1542 OF THE CIVIL CODE OF THE STATE OF CALIFORNIA, WHICH PROVIDES AS FOLLOWS: 

  
 -24- 

 A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR DOES NOT
KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR. 

IN THIS CONNECTION AND TO THE FULLEST EXTENT PERMITTED BY LAW, BUYER HEREBY AGREES, REPRESENTS AND WARRANTS THAT BUYER REALIZES AND
ACKNOWLEDGES THAT FACTUAL MATTERS NOW UNKNOWN TO BUYER MAY HAVE GIVEN OR MAY HEREAFTER GIVE RISE TO CAUSES OF ACTION, CLAIMS, DEMANDS, DEBTS, CONTROVERSIES, DAMAGES, COSTS, LOSES AND EXPENSES WHICH ARE PRESENTLY UNKNOWN, UNANTICIPATED AND
UNSUSPECTED, AND BUYER FURTHER AGREES, REPRESENTS AND WARRANTS THAT THE WAIVERS AND RELEASES HEREIN HAVE BEEN NEGOTIATED AND AGREED UPON IN LIGHT OF THAT REALIZATION AND THAT BUYER NEVERTHELESS HEREBY INTENDS TO RELEASE, DISCHARGE, AND ACQUIT SELLER
FROM ANY SUCH UNKNOWN CAUSES OF ACTION, CLAIMS, DEMANDS, DEBTS, CONTROVERSIES, DAMAGES, COSTS, LOSSES AND EXPENSES WHICH MIGHT IN ANY WAY BE INCLUDED IN THE WAIVERS AND MATTERS RELEASED AS SET FORTH IN THIS SECTION. THE PROVISIONS OF THIS SECTION
ARE MATERIAL AND INCLUDED AS A MATERIAL PORTION OF THE CONSIDERATION GIVEN TO SELLER BY BUYER IN EXCHANGE FOR SELLER’S PERFORMANCE HEREUNDER. 
 WITH
RESPECT TO THE FOLLOWING, BUYER FURTHER ACKNOWLEDGES AND AGREES THAT SELLER SHALL NOT HAVE ANY LIABILITY, OBLIGATION OR RESPONSIBILITY OF ANY KIND AND THAT SELLER HAS MADE NO REPRESENTATIONS OR WARRANTIES OF ANY KIND: 

 

	1.	THE CONTENT OR ACCURACY OF ANY REPORT, STUDY, OPINION OR CONCLUSION OF ANY SOILS, TOXIC, ENVIRONMENTAL OR OTHER ENGINEER OR OTHER PERSON OR ENTITY WHO HAS EXAMINED THE PORTFOLIO OR ANY ASPECT THEREOF; 

 

	2.	THE CONTENT OR ACCURACY OF ANY OF THE ITEMS (INCLUDING, WITHOUT LIMITATION, THE PROPERTY INFORMATION) DELIVERED TO BUYER PURSUANT TO BUYER’S REVIEW OF THE CONDITION OF THE PORTFOLIO; 

 

	3.	THE CONTENT OR ACCURACY OF ANY PROJECTION, FINANCIAL OR MARKETING ANALYSIS OR OTHER INFORMATION GIVEN TO BUYER BY SELLER OR REVIEWED BY BUYER WITH RESPECT TO THE PORTFOLIO; OR 

 

	4.	THE FAILURE OF SELLER TO COMPLY WITH THE ENERGY DISCLOSURE REQUIREMENTS (AS SUCH TERM IS DEFINED IN SECTION 15.21(a)(iii) HEREOF). 

  
 -25- 

 BUYER ALSO ACKNOWLEDGES THAT THE REAL PROPERTIES MAY OR MAY NOT CONTAIN ASBESTOS AND, IF A REAL PROPERTY CONTAINS
ASBESTOS, THAT BUYER MAY OR MAY NOT BE REQUIRED TO REMEDIATE ANY ASBESTOS CONDITION IN ACCORDANCE WITH APPLICABLE LAW. 
 BUYER IS A SOPHISTICATED REAL
ESTATE INVESTOR AND IS, OR WILL BE AS OF THE CLOSE OF ESCROW, FAMILIAR WITH THE REAL PROPERTIES AND THEIR SUITABILITY FOR BUYER’S INTENDED USE. THE PROVISIONS OF THIS SECTION 11.2 SHALL SURVIVE INDEFINITELY ANY CLOSING OR TERMINATION OF
THIS AGREEMENT AND SHALL NOT BE MERGED INTO THE DOCUMENTS EXECUTED AT CLOSE OF ESCROW. 
  

			
		 	

    
		 	BUYER’S INITIALS
		 	ON BEHALF OF
		 	    ALL BUYER PARTIES

  

	12.	BUYER’S COVENANTS, REPRESENTATIONS AND WARRANTIES; RELEASE; ERISA; INDEMNIFICATION 

In consideration of Seller entering into this Agreement and as an inducement to Seller to sell the Portfolio to Buyer, Buyer makes the
following covenants, representations and warranties: 
 12.1        Buyer’s
Representations and Warranties. 
 (a)        Authority. Each
Buyer Party is a limited liability company organized, validly existing and in good standing under the laws of the State of Delaware. Each Buyer Party has the legal right, power and authority to enter into this Agreement and to consummate the
transactions contemplated hereby, and the execution, delivery and performance of this Agreement have been duly authorized and no other action by such Buyer Party is requisite to the valid and binding execution, delivery and performance of this
Agreement, except as otherwise expressly set forth herein. There is no agreement to which any Buyer Party is a party or to Buyer’s knowledge binding on any Buyer Party which is in conflict with this Agreement. 

(b)        Executive Order 13224. To the best of Buyer’s knowledge, no
Buyer Party nor any of its respective affiliates or indirect owners of Buyer, nor any of their respective brokers or other agents acting in any capacity in connection with the transactions contemplated by this Agreement is or will be
(a) conducting any business or engaging in any transaction or dealing with any person appearing on the OFAC list of restrictions Prohibited Person (which lists can be accessed at the following web address:
http://www.ustreas.gov/offices/enforcement/ofac/), including the making or receiving of any contribution of funds, goods or services to or for the benefit of any Prohibited Person; (b) dealing in, or otherwise engaging in any transaction
relating to, any property or interests in property blocked pursuant to Executive Order No. 13224 dated September 24, 2001, relating to “Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or
Support Terrorism”; or (c) engaging in or conspiring to engage in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempting to violate, any of the prohibitions set forth in any U.S. anti-money
laundering law. 

  
 -26- 

 12.2        Release. By consummating
the transaction contemplated by this Agreement at the Close of Escrow, Buyer shall be deemed to have made its own independent investigation of the Portfolio, the Property Information and the presence of Hazardous Materials on the Real Properties as
Buyer deems appropriate. Accordingly, subject to the representations and warranties of Seller expressly set forth in Section 11.1 hereof, Buyer, on behalf of itself and all of its officers, directors, shareholders, employees, representatives
and affiliated entities (collectively, the “Releasors”) hereby expressly waives and relinquishes any and all rights and remedies Releasors may now or hereafter have against Seller, its successors and assigns,
partners, shareholders, officers and/or directors (the “Seller Released Parties”), whether known or unknown, which may arise from or be related to (a) the physical condition, quality, quantity and state of repair
of any Real Property and the prior management and operation of any Real Property, (b) the Property Information, (c) any Real Property’s compliance or lack of compliance with any federal, state or local laws or regulations (including,
without limitation, the failure of Seller to comply with the Energy Disclosure Requirements), and (d) any past, present or future presence or existence of Hazardous Materials on, under or about any Real Property or with respect to any past,
present or future violation of any rules, regulations or laws, now or hereafter enacted, regulating or governing the use, handling, storage or disposal of Hazardous Materials, including, without limitation, (i) any and all rights and remedies
Releasors may now or hereafter have under the Comprehensive Environmental Response Compensation and Liability Act of 1980 (“CERCLA”), the Superfund Amendments and Reauthorization Act of 1986, the Resource
Conservation and Recovery Act, and the Toxic Substance Control Act, all as amended, and any similar state, local or federal environmental law, rule or regulation, and (ii) any and all claims, whether known or unknown, now or hereafter existing,
with respect to any Real Property under Section 107 of CERCLA (42 U.S.C.A. §9607). As used herein, the term “Hazardous Material(s)” includes, without limitation, any hazardous or toxic materials,
substances or wastes, such as (1) any materials, substances or wastes which are toxic, ignitable, corrosive or reactive and which are regulated by any local governmental authority, or any agency of the United States government,
(2) any other material, substance, or waste which is defined or regulated as a hazardous material, extremely hazardous material, hazardous waste or toxic substance pursuant to any laws, rules, regulations or orders of the United States
government, or any local governmental body, (3) asbestos, (4) petroleum and petroleum based products, (5) formaldehyde, (6) polychlorinated biphenyls (PCBs), and (7) freon and other chlorofluorocarbons. 

 

			
		 	Buyer’s Initials
		 	on Behalf of
		 	All Buyer Parties:
		 	

 WITHOUT LIMITING THE GENERALITY OF THE FOREGOING, BUYER, ON BEHALF OF ITSELF AND THE OTHER RELEASORS, HEREBY
ASSUMES ALL RISK AND LIABILITY RESULTING OR ARISING FROM, OR RELATING TO THE OWNERSHIP, USE, CONDITION, LOCATION, MAINTENANCE, REPAIR, OR OPERATION OF, THE PORTFOLIO. 

THE FOREGOING WAIVERS, RELEASES AND AGREEMENTS BY BUYER, ON BEHALF OF ITSELF AND THE RELEASORS, SHALL SURVIVE THE CLOSE OF

  
 -27- 

 
ESCROW AND THE RECORDATION OF THE DEEDS AND SHALL NOT BE DEEMED MERGED INTO THE DEED UPON ITS RECORDATION. 

12.3        ERISA. Buyer is not purchasing any of the Portfolio with “plan
assets” of an Employee Benefit Plan subject to Title I of the Employee Retirement Income Security Act of 1974 (as amended from time to time, the “Act,” and together with any regulation, rule or judicial or
administrative case, order, or pronouncement arising under or connected with the Act, “ERISA”) or of a plan subject to Section 4975 of the Internal Revenue Code of 1986, as amended (the
“Code”). Buyer shall take all actions reasonably requested by Seller for the purpose of ensuring, to Seller’s satisfaction, that the transactions contemplated herein will comply with ERISA and not result in an
imposition of an excise tax under Section 4975 of the Code; such actions shall include, without limitation, the making of such further representations and warranties as Seller’s counsel reasonably deems necessary to ensure that neither
this Agreement nor any of the transactions contemplated herein will violate ERISA or result in an imposition of an excise tax under Section 4975 of the Code. In the event that this Agreement, or any transaction or other action by Seller in
connection herewith, shall be deemed to violate ERISA or result in an imposition of an excise tax under Section 4975 of the Code, Seller may immediately terminate this Agreement (without any liability to Seller) in accordance with, and subject
to the terms and conditions of, Section 9.3 hereof as if such termination arose from a failed condition under Section 9.3 hereof. 
  

	13.	DEFAULT AND DAMAGES 

13.1        DEFAULT BY BUYER. IN THE EVENT THE CLOSE OF ESCROW FAILS TO OCCUR DUE
TO A BUYER DEFAULT (ALL OF THE CONDITIONS TO BUYER’S OBLIGATIONS TO CLOSE HAVING BEEN SATISFIED OR WAIVED), SELLER MAY TERMINATE THIS AGREEMENT BY WRITTEN NOTICE TO BUYER AND ESCROW HOLDER AND CANCEL THE ESCROW (IF THEN OPENED), IN WHICH EVENT
BUYER SHALL REIMBURSE SELLER FOR THE REIMBURSABLE EXPENSES. 
 NOTHING IN THIS SECTION 13.1 SHALL (A) PREVENT OR PRECLUDE ANY
RECOVERY OF ATTORNEYS’ FEES OR OTHER COSTS INCURRED BY SELLER PURSUANT TO SECTION 15.5 OR (B) IMPAIR OR LIMIT THE EFFECTIVENESS OR ENFORCEABILITY OF THE INDEMNIFICATION OBLIGATIONS OF BUYER CONTAINED IN SECTION 4.3.1 AND
SECTION 14 HEREOF. SELLER AND BUYER ACKNOWLEDGE THAT THEY HAVE READ AND UNDERSTAND THE PROVISIONS OF THIS SECTION 13.1 AND BY THEIR INITIALS IMMEDIATELY BELOW AGREE TO BE BOUND BY ITS TERMS. 

 

					
		  	Seller’s Initials on Behalf of All Seller Parties: 	  	

		  	Buyer’s Initials on Behalf of All Buyer Parties: 	  	

 13.2        Default by Seller. If Seller defaults
in its obligations to sell and convey the Portfolio to Buyer pursuant to this Agreement, Buyer’s sole and exclusive remedy shall be to elect one of the following: (a) to terminate this Agreement, in which event Seller shall reimburse Buyer
for Buyer’s actual, out-of-pocket costs and expenses (including reasonable attorneys’ fees and expenses), as supported by reasonably documentation satisfactory
to Seller, incurred in connection with Buyer’s due diligence investigations and negotiation and execution of this 

  
 -28- 

 
Agreement, not to exceed One Million Dollars ($1,000,000.00) in the aggregate, or (b) to bring a suit for specific performance provided that any suit for specific performance must be brought
as to the Portfolio within 30 days of Seller’s default, Buyer’s waiving the right to bring suit at any later date to the extent permitted by law. This Agreement confers no present right, title or interest in the Portfolio to Buyer and
Buyer agrees not to file a lis pendens or other similar notice against any Real Property except in connection with, and after, the proper filing of a suit for specific performance. 

 

	14.	NO BROKER 

 Neither party hereto has had any contact, dealings, negotiations or
consultations regarding the Portfolio, or any communication in connection with the subject matter of this transaction, through any licensed real estate broker, representative, employee, agent or other intermediary or other person who can claim a
right to a commission or finder’s fee as a procuring cause of the sale contemplated herein. In the event that any other broker or finder perfects a claim for a commission or finder’s fee, the party responsible for the contact or
communication on which the broker or finder perfected such claim shall indemnify, save harmless and defend the other party from said claim and all costs and expenses (including reasonable attorneys’ fees) incurred by the other party in
defending against the same. This section shall survive the termination of this Agreement and the Close of Escrow without limitation. 

15.        MISCELLANEOUS PROVISIONS Notices. All written notices or demands of any kind which
either party hereto may be required or may desire to serve on the other in connection with this Agreement shall be served by personal service, by registered or certified mail, recognized overnight courier service or facsimile transmission. Any such
notice or demand so to be served by registered or certified mail, recognized overnight courier service or facsimile transmission shall be delivered with all applicable delivery charges thereon fully prepaid and addressed to the applicable party at
the address set forth on Schedule 5 attached hereto. Service of any such notice or demand so made by personal delivery, registered or certified mail, recognized overnight courier or facsimile transmission shall be deemed complete on the date
of actual delivery as shown by the addressee’s registry or certification receipt or, as to facsimile transmissions, by “answer back confirmation” (provided that a copy of such notice or demand is delivered by any of the other methods
provided above within one (1) business day following receipt of such facsimile transmission), as applicable, or at the expiration of the third (3rd) business day after the date of dispatch, whichever is earlier in time. Either party hereto may
from time to time, by notice in writing served upon the other as aforesaid, designate a different mailing address to which or a different person to whose attention all such notices or demands are thereafter to be addressed. Counsel for a party may
give notice or demand on behalf of such party, and such notice or demand shall be treated as being sent by such party. 

15.2        Assignment; Binding on Successors and Assigns. Buyer shall not assign,
transfer or convey its rights or obligations under this Agreement or with respect to the Portfolio without the prior written consent of Seller, which consent Seller may withhold in its sole, absolute and subjective discretion. Any attempted
assignment without the prior written consent of Seller shall be void and Buyer shall be deemed in default hereunder. Any permitted assignments shall not relieve the assigning party from its liability under this Agreement. Subject to the foregoing,
and except as provided to the contrary herein, the terms, covenants, conditions and warranties contained herein and the powers granted hereby shall inure to the benefit of and 

  
 -29- 

 bind all parties hereto and their respective heirs, executors, administrators, successors and assigns, and all
subsequent owners of each Property. 
 15.3        Work Product. Effective upon and in
the event of a termination of this Agreement for any reason, if requested by Seller in writing, Buyer shall deliver to Seller (at reasonable cost to Seller, except in the event of a default by Buyer) copies all reports, plans, studies, documents,
written information and the like that were independently ordered or prepared by Buyer and not otherwise obtained or provided by Seller, whether prior to the effective date of this Agreement, or during the period of Escrow in connection with
Buyer’s proposed acquisition, development, use or sale of the Real Property (collectively, the “Work Product”). Buyer shall also return all materials and information (including, without limitation, the Property Information)
given to it by Seller or its consultants during Escrow, in the same condition as delivered to Buyer. 

15.4        Further Assurances. In addition to the acts and deeds recited herein and
contemplated to be performed, executed or delivered by Seller or Buyer, Seller and Buyer hereby agree to perform, execute and deliver, or cause to be performed, executed and delivered, on the Closing Date or thereafter any and all such further acts,
deeds and assurances as Buyer or Seller, as the case may be, may reasonably require in order to consummate fully the transactions contemplated hereunder. 

15.5        Attorneys’ Fees. If any legal action or any arbitration or other
proceeding is brought or if an attorney is retained for the enforcement of this Agreement or any portion thereof, or because of any alleged dispute, breach, default or misrepresentation in connection with any of the provisions of this Agreement, the
prevailing party shall be entitled to recover from the other reimbursement for the reasonable fees of attorneys and other costs (including court costs and witness fees) incurred by it, in addition to any other relief to which it may be entitled. The
term “prevailing party” means the party obtaining substantially the relief sought, whether by compromise, settlement or judgment. 

15.6        Survival of Representations, Warranties, Covenants, Obligations and
Agreements. Except as otherwise expressly provided below in this Section 15.6, none of the representations, warranties, covenants, obligations or agreements contained in this Agreement shall survive
the Close of Escrow or the earlier termination of this Agreement. 
 (a)        Notwithstanding the
provisions of Section 15.6(a), the indemnification provisions of Buyer under Sections 4.3.1 and 14 hereof and the provisions of Sections 4.6, 11.2, 13.2, 15.3, 15.5,
15.17, 15.19 and 15.20 hereof (collectively, the “Surviving Termination Obligations”) shall survive the termination of this Agreement without limitation, and any claim based upon any breach of a
representation or warranty, or a breach of a covenant, obligation or agreement included in any of the Surviving Termination Obligations shall be actionable and enforceable at any time after the date of the termination of this Agreement. 

(b)        Notwithstanding the provisions of Section 15.6(a), the
indemnification provisions of Buyer under Sections 4.3.1, 14 and 10.5 hereof, the provisions of Sections 4.6, 10.1, 10.3, 10.4, 11.2, 12.1, 12.2, 12.3 and 12.4 that
relate to Buyer and the provisions of Sections 15.5, 15.17, 15.19 and 15.20 hereof (collectively, the “Surviving Closing Obligations”) shall survive the Close of Escrow without limitation, and
shall not be merged with 

  
 -30- 

 
the recording of the Deed, and any claim based upon any breach of a representation or warranty, or a breach of a covenant, obligation or agreement included in any of the Surviving Closing
Obligations shall be actionable and enforceable at any time after the Closing. 

(c)        Notwithstanding the provisions of Section 15.6(a), the
indemnification provisions of Seller under Section 14 hereof and the provisions of Section 11.1 hereof (collectively, the “Limited Surviving Closing Obligations”) shall survive the
Close of Escrow and the execution and delivery of the Deed only for a period of twelve (12) months immediately following the Closing, and any claim based upon any breach of a representation or warranty, or a breach of a covenant, obligation or
agreement included in any of the Limited Surviving Closing Obligations shall be actionable and enforceable if and only if notice of such claim is given to the party which allegedly breached such representation or warranty, or breached such covenant,
obligation or agreement, within twelve (12) months after the Closing; provided, however, in no event shall Seller’s liability, if any, with respect to any Limited Surviving Closing Obligations exceed an amount equal to one and one-half percent (1.5%) of the Purchase Price in the aggregate (“Seller’s Liability Cap”) and no claim by Buyer may be made and Seller shall not be liable for any judgment in any action based
upon any such claim unless and until Buyer’s claims are for an aggregate amount in excess of One Hundred Fifty Thousand Dollars ($150,000.00), in which event Seller’s liability respecting any final judgment governing such claim(s) shall be
for the entire amount thereof, subject to Seller’s Liability Cap. 
 15.7        Entire
Agreement. This Agreement contains the entire agreement and understanding of the parties in respect to the subject matter hereof, and the parties intend for the literal words of this Agreement to govern and for all prior negotiations,
drafts, and other extrinsic communications, whether oral or written, to have no significance or evidentiary effect. The parties further intend that neither this Agreement nor any of its provisions may be changed, amended, discharged, waived or
otherwise modified orally except only by an instrument in writing duly executed by the party to be bound thereby. The parties hereto fully understand and acknowledge the importance of the foregoing sentence and are aware that the law may permit
subsequent oral modification of a contract notwithstanding contract language which requires that any such modification be in writing, but Buyer and Seller fully and expressly intend that the foregoing requirements as to a writing be strictly adhered
to and strictly interpreted and enforced by any court which may be asked to decide the question. Each party hereto acknowledges that this Agreement accurately reflects the agreements and understandings of the parties hereto with respect to the
subject matter hereof and hereby waive any claim against the other party which such party may now have or may hereafter acquire to the effect that the actual agreements and understandings of the parties hereto with respect to the subject matter
hereof may not be accurately set forth in this Agreement. 
 15.8        Governing
Law. This Agreement shall be governed by the laws of the State of California. 

15.9        Counterparts. This Agreement may be executed simultaneously in one or more
counterparts and delivered via facsimile and/or by electronic mail in “PDF” format, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. 

  
 -31- 

 15.10     Headings; Construction. The various headings of this
Agreement are included for convenience only and shall not affect the meaning or interpretation of this Agreement or any provision hereof. When the context and construction so require, all words used in the singular herein shall be deemed to have
been used in the plural and the masculine shall include the feminine and the neuter and vice versa. The use in this Agreement of the term “including” and related terms such as “include” shall in all cases mean “without
limitation.” All references to “days” in this Agreement shall be construed to mean calendar days unless otherwise expressly provided and all references to “business days” shall be construed to mean days on which national
banks are open for business. 
 15.11     Time of Essence. Seller and Buyer hereby acknowledge and agree
that time is strictly of the essence with respect to each and every term, condition, obligation and provision hereof and failure to perform timely any of the terms, conditions, obligations or provisions hereof by either party shall constitute a
material breach of, and non-curable (but waivable) default under this Agreement by the parties so failing to perform. 

15.12     Partial Validity; Severability. If any term or provision of this Agreement or the application
thereof to any person or circumstance shall, to any extent, be held invalid or unenforceable, the remainder of this Agreement, or the application of such term or provision to persons or circumstances other than those as to which it is held invalid
or unenforceable, shall not be affected thereby, and each such term and provision of this Agreement shall be valid and be enforced to the fullest extent permitted by law. 

15.13     No Third Party Beneficiaries. This Agreement is for the sole and exclusive benefit of the parties
hereto and their respective permitted successors and assigns, and no third party is intended to, or shall have, any rights hereunder. 

15.14     Joint and Several Liability and Obligation of Seller. All obligations and liabilities of the
Seller Parties under this Agreement shall be joint and several as to each of the other Seller Parties. For avoidance of doubt, if a Seller Party fails to meet its obligations under this Agreement and Buyer, at its option, elects to proceed with the
transaction and waives such failure, the other Seller Parties shall continue to meet their respective obligations under this Agreement. Buyer shall inform the other Seller Parties in writing, in accordance with Section 15.1 of this Agreement,
within ten (10) business days of the occurrence of such failure by a Seller Party but not later than one (1) business day prior to the Closing Date, of its intention whether to proceed with the transaction contemplated by this Agreement.

 15.15     Joint Product of Parties. This Agreement is the result of arms-length negotiations between
Seller and Buyer and their respective attorneys. Accordingly, neither party shall be deemed to be the author of this Agreement and this Agreement shall not be construed against either party. 

15.16     Calculation of Time Periods. Unless otherwise specified, in computing any period of time described
herein, the day of the act or event after which the designated period of time begins to run is not to be included and the last day of the period so computed is to be included at, unless such last day is a Saturday, Sunday or legal holiday for
national banks in California, in which event the period shall run until the end of the next day which is neither a Saturday, Sunday, or legal holiday. Unless otherwise expressly provided herein, the last day of

  
 -32- 

 
any period of time described herein shall be deemed to end at 11:59 p.m. (Pacific Standard Time). 

15.17     Procedure for Indemnity. The following provisions govern actions for indemnity under this
Agreement. Promptly after receipt by an indemnitee of notice of any claim, such indemnitee will, if a claim in respect thereof is to be made against the indemnitor, deliver to the indemnitor written notice thereof and the indemnitor shall have the
right to participate in and, if the indemnitor agrees in writing that it will be responsible for any costs, expenses, judgments, damages, and losses incurred by the indemnitee with respect to such claim, to assume the defense thereof, with counsel
mutually satisfactory to the parties; provided, however, that an indemnitee shall have the right to retain its own counsel, with the fees and expenses to be paid by the indemnitor, if the indemnitee reasonably believes that representation of such
indemnitee by the counsel retained by the indemnitor would be inappropriate due to actual or potential differing interests between such indemnitee and any other party represented by such counsel in such proceeding. The failure of indemnitee to
deliver written notice to the indemnitor within a reasonable time after indemnitee receives notice of any such claim shall relieve such indemnitor of any liability to the indemnitee under this indemnity only if and to the extent that such failure is
prejudicial to its ability to defend such action, and the omission so to deliver written notice to the indemnitor will not relieve it of any liability that it may have to any indemnitee other than under this indemnity. If an indemnitee settles a
claim without the prior written consent of the indemnitor, then the indemnitor shall be released from liability with respect to such claim unless the indemnitor has unreasonably withheld such consent. 

15.18     Waiver of Jury Trial. To the extent permitted by applicable law, the parties hereby waive any
right to trial by jury in any legal proceeding arising out of or relating to this Agreement or the transactions contemplated hereby. 

15.19     No Personal Liability. Notwithstanding anything stated to the contrary herein, Seller’s
liability under this Agreement shall be limited to Seller’s interest in the Property and neither Seller, Seller’s constituent partners and/or members, Seller’s asset manager, nor Seller’s directors, employees or agents shall have
any personal liability hereunder. 
 15.21     Joint and Several Liability of Buyer. All obligations and
liabilities of the Buyer Parties under this Agreement shall be joint and several as to each of the other Buyer Parties. 

15.22     State-Specific Provisions. 

(a)          California Provisions. 

(i)        Natural Hazard Disclosure. Buyer acknowledges that Seller has commissioned Escrow
Holder or its affiliate to prepare a natural hazard disclosure statement for each Property located in California (the “Natural Hazard Disclosure”), including the matters required by Article 1.7 of the California Civil Code
(currently Section 1103 through 1103.14). Buyer acknowledges that this transaction is not subject to such Article 1.7, but that, nevertheless, the Natural Hazard Disclosure shall serve to satisfy any and all disclosure requirements relating to
the matters referenced in the Natural Hazard Disclosure. Seller does not warrant or represent either the accuracy or completeness of the information in the Natural Hazard Disclosure, and Buyer shall use same merely as a part in its overall
investigation of the Portfolio. 

  
 -33- 

 (ii)        Environmental Disclosure. Buyer
acknowledges and agrees that Seller has indicated that the sole inquiry and investigation that Seller has conducted in connection with the environmental condition of each Property located in California is to obtain the environmental report(s) made
available to Buyer as part of the Property Information, and that, for all purposes, including California Health and Safety Code Section 25359.7, Seller has acted reasonably in solely relying upon said inquiry and investigation. Buyer further
acknowledges and agrees that Seller’s making available to Buyer any environmental report(s) as part of the Property Information shall constitute notice to Buyer of any environmental condition disclosed therein, which shall be deemed to satisfy
the notice requirements under California Health and Safety Code Section 25359.7. 

(iii)        California Energy Disclosure. Buyer acknowledges that Seller may be required to
disclose certain information concerning the energy performance of each Property located in California pursuant to California Code of Regulations Section 1680 et seq. and California Public Resources Code Section 25402.10 et seq. and the
regulations adopted pursuant thereto (collectively the “Energy Disclosure Requirements”). Buyer acknowledges prior receipt of the Data Verification Checklist, as defined in the Energy Disclosure Requirements, and Buyer acknowledges
that Seller has timely complied in full with Seller’s obligations under the Energy Disclosure Requirements or, in the alternative, waives any right to assert that Seller has not so complied. Buyer further acknowledges and agrees that
(i) Seller makes no representation or warranty regarding the energy performance of any Property located in California or the accuracy or completeness of any information provided to Buyer in compliance with the Energy Disclosure Requirements
(the “Energy Disclosure Information”), (ii) the Energy Disclosure Information is for the current occupancy and use of each Property located in California and that the energy performance of such Property may vary depending on future
occupancy and/or use of such Property, and (iii) Seller shall have no liability to Buyer for any errors or omissions in the Energy Disclosure Information or any other information disclosed by Seller to Buyer in compliance with the Energy
Disclosure Requirements. Buyer hereby releases Seller from any liability Seller may have to Buyer relating to the Energy Disclosure Requirements and/or the Energy Disclosure Information. Buyer’s approval of the condition of each Property
located in California pursuant to the terms of this Agreement shall be deemed to include Buyer’s approval of the energy performance of such Property and the Energy Disclosure Information and, upon the consummation this transaction at the Close
of Escrow, Buyer shall have no further right to terminate this Agreement for reasons related to the Energy Disclosure Requirements. This paragraph shall survive the Closing and any earlier termination of this Agreement. 

(iv)        Waiver of CC Section 1662. Seller and Buyer each expressly
waive the provisions of California Civil Code Section 1662 and hereby agree that the provisions of Section 5.4 hereof shall govern their obligations in the event of damage or destruction to any Real Property located in
California or condemnation of all or any part of any Real Property located in California. 

(b)          Colorado Provisions. 

(i)        Special Taxing District Disclosure – CRS 38-35.7-101. SPECIAL TAXING DISTRICTS MAY BE SUBJECT TO GENERAL OBLIGATION INDEBTEDNESS THAT IS PAID BY REVENUES PRODUCED FROM ANNUAL TAX LEVIES ON THE 

  
 -34- 

 
TAXABLE PROPERTY WITHIN SUCH DISTRICTS. PROPERTY OWNERS IN SUCH DISTRICTS MAY BE PLACED AT RISK FOR INCREASED MILL LEVIES AND TAX TO SUPPORT THE SERVICING OF SUCH DEBT WHERE CIRCUMSTANCES ARISE
RESULTING IN THE INABILITY OF SUCH A DISTRICT TO DISCHARGE SUCH INDEBTEDNESS WITHOUT SUCH AN INCREASE IN MILL LEVIES. BUYER SHOULD INVESTIGATE THE SPECIAL TAXING DISTRICTS IN WHICH ANY PROPERTY LOCATED IN COLORADO IS LOCATED BY CONTACTING THE COUNTY
TREASURER, BY REVIEWING THE CERTIFICATE OF TAXES DUE FOR SUCH PROPERTY, AND BY OBTAINING FURTHER INFORMATION FROM THE BOARD OF COUNTY COMMISSIONERS, THE COUNTY CLERK AND RECORDER, OR THE COUNTY ASSESSOR. 

(ii)        Community Interest Community – CRS 38-35.7-102. IF ANY PROPERTY LOCATED IN COLORADO IS LOCATED WITHIN A COMMON INTEREST COMMUNITY AND IS SUBJECT TO THE DECLARATION FOR SUCH COMMUNITY, THE OWNER OF THE PROPERTY WILL BE REQUIRED TO BE A
MEMBER OF THE OWNER’S ASSOCIATION FOR THE COMMUNITY AND WILL BE SUBJECT TO THE BYLAWS AND RULES AND REGULATIONS OF THE ASSOCIATION. THE DECLARATION, BYLAWS, AND RULES AND REGULATIONS WILL IMPOSE FINANCIAL OBLIGATIONS UPON THE OWNER OF SUCH
PROPERTY, INCLUDING AN OBLIGATION TO PAY ASSESSMENTS OF THE ASSOCIATION. IF THE OWNER DOES NOT PAY THESE ASSESSMENTS, THE ASSOCIATION COULD PLACE A LIEN ON SUCH PROPERTY AND POSSIBLY SELL IT TO PAY THE DEBT. THE DECLARATION, BYLAWS, AND RULES AND
REGULATIONS OF THE COMMUNITY MAY PROHIBIT THE OWNER FROM MAKING CHANGES TO SUCH PROPERTY WITHOUT AN ARCHITECTURAL REVIEW BY THE ASSOCIATION (OR A COMMITTEE OF THE ASSOCIATION) AND THE APPROVAL OF THE ASSOCIATION. BUYERS OF PROPERTY LOCATED WITHIN
THE COMMON INTEREST COMMUNITY SHOULD INVESTIGATE THE FINANCIAL OBLIGATIONS OF MEMBERS OF THE ASSOCIATION. BUYERS SHOULD CAREFULLY READ THE DECLARATION FOR THE COMMUNITY AND THE BYLAWS AND RULES AND REGULATIONS OF THE ASSOCIATION. 

(c)          Florida Provisions. 

(i)        Radon Gas. Radon is a naturally occurring radioactive gas that, when it has
accumulated in a building in sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information
regarding radon and radon testing may be obtained from your county public health unit. The foregoing disclosure is provided to comply with state law, is for informational purposes only and does not create any contingency or representation, warranty
or obligation of Seller. 
 (ii)        Energy Rating. An Energy-Efficiency Rating
Disclosure is made pursuant to Section 553.996, Florida Statutes, which provides that a buyer of real property with an existing commercial building located thereon shall be provided with written notification that the Buyer may have the
building’s energy efficiency rating determined. If Buyer desires such rating, Buyer shall pay all costs for the rating and Buyer shall be responsible for conducting or ordering the rating. A copy of an information brochure prepared and provided
at no cost by the 

  
 -35- 

 
Department of Community Affairs is attached hereto as Exhibit J. The foregoing disclosure is provided to comply with state law, is for informational purposes only and does not create any
contingency or representation, warranty or obligation of Seller. 

(d)          Georgia Provisions. None. 

(e)          Texas Provisions. 

(i)        Waiver of Texas Deceptive Trade Practices. To the extent applicable and permitted
by law (and without admitting such applicability), Buyer, as a material inducement to Seller to enter into this Agreement and the transactions contemplated herein, hereby waives the provisions of the Texas Deceptive Trade Practices-Consumer
Protection Act, Chapter 17, Subchapter E, Sections 17.41 through 17.63, inclusive, as well as the right to assert a claim under Chapter 27 of the Texas Business and Commerce Code or under any other similar statute or enactment. As a further material
inducement to Seller to enter into this Agreement and the transactions contemplated herein, Buyer represents and warrants to Seller that Buyer is acquiring the Portfolio for commercial or business use, has knowledge and experience in financial and
business matters that enable Buyer to evaluate the merits and risks of the transaction herein contemplated, has bargained for and obtained a purchase price and other terms under this Agreement which make the acceptance of a contract which
substantially limits its recourse against Seller acceptable, and has been and will continue to be represented by counsel in connection with the transaction contemplated herein. 

(ii)        Deed Restriction Notice. If there are any deed restrictions or other covenants
that affect any Property located in Texas, then Seller shall prepare and give to Buyer written notice of such deed restrictions in a form reasonably acceptable to Seller and the Title Company. 

(iii)        Water Code Notice. In the event that any Property located in Texas is located in
a district created under Title 4 of the Texas Water Code (General Law Districts) or by a special Act of the legislature that is providing or proposing to provide, as the district’s principal function, water, sanitary sewer, drainage, and flood
control or protection facilities or services, or any of these facilities or services that have been financed or are proposed to be financed with bonds of the district payable in whole or part from taxes of the district, or by imposition of a standby
fee, if any, to household or commercial users, other than agricultural, irrigation, or industrial users, and which district includes less than all the territory in at least one county and which, if located within the corporate area of a city,
includes less than 75 percent of the incorporated area of the city or which is located outside the corporate area of a city in whole or in substantial part, and is subject to the requirements of Section 49.452 of the Texas Water Code, then
Seller shall prepare and give to Buyer the written notice that is required by Section 49.452 of the Texas Water Code. 

(iv)        Notice to Buyer. The Texas Real Estate License Act requires that Seller notify
Buyer that Buyer should either (i) have an attorney examine an abstract of title to each Property located in Texas, or (ii) obtain a title insurance policy covering each Property located in Texas. Notice to that effect is, therefore,
hereby given to and acknowledged by Buyer. 
 (f)          Washington
Provisions. 

  
 -36- 

 (i)        Property Disclosure. Buyer and Seller
acknowledge that any Property located in Washington constitutes “Commercial Real Estate” as defined in RCW 64.06.005. Buyer waives receipt of the seller disclosure statement required under RCW 64.06 for transactions involving the sale of
commercial real estate, except for the section entitled “Environmental”. The Environmental section of the Seller disclosure statement as completed by Seller is attached to this Agreement as Exhibit K (the “WA Disclosure
Statement”). Buyer acknowledges receipt of the WA Disclosure Statement and waives its right to rescind the Agreement under RCW 64.06.030. Buyer further acknowledges and agrees that the Disclosure Statement (i) is for the purposes of
disclosure only, (ii) will not be considered part of this Agreement, and (iii) will not be construed as a representation or warranty of any kind by Seller. 

15.23    Exhibits. If, as of the Effective Date, any Exhibits or Schedules said to be attached hereto are
missing, Buyer and Seller agree that each party shall work in good faith with the other to attach such missing Exhibits or Schedules to a fully executed version of this Agreement within ten (10) days after the Effective Date, and such attached
Exhibits and Schedules shall be deemed to have been attached hereto as of the Effective Date. If, after the Effective Date, any Exhibits or Schedules attached hereto are discovered to contain any errors, Buyer and Seller agree that each party shall
work in good faith with the other to replace such Exhibits or Schedules to correct any such errors, and such replacement Exhibits or Schedules shall be deemed to have been attached hereto as of the Effective Date. 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement the day and year first above written. 

[Signatures on following pages] 

  
 -37- 

 “BUYER”: 

 

			
	KEPPEL-KBS WESTMOOR CENTER, INC., a Delaware corporation

			
		
	By:	 	 /s/ David E. Snyder

		 	David E. Snyder
		 	President

			
	
	KEPPEL-KBS WESTECH 360, INC.,
 a Delaware
corporation

			
		
	By:	 	 /s/ David E. Snyder

		 	David E. Snyder
		 	President

			
	
	KEPPEL-KBS WEST LOOP I AND II, INC.,
	a Delaware Corporation

			
		
	By:	 	 /s/ David E. Snyder

		 	David E. Snyder
		 	President

			
	
	KEPPEL-KBS POWERS FERRY LANDING, INC.,
	a Delaware corporation

			
		
	By:	 	 /s/ David E. Snyder

		 	David E. Snyder
		 	President

			
	 KEPPEL-KBS PLAZA BUILDINGS, INC.,

a Delaware corporation

			
		
	By:	 	 /s/ David E. Snyder

		 	David E. Snyder
		 	President

			
	
	KEPPEL-KBS NORTHRIDGE CENTER, INC., a Delaware corporation

			
		
	By:	 	 /s/ David E. Snyder

		 	David E. Snyder
		 	President

			
	
	KEPPEL-KBS MAITLAND PROMENADE, INC., a Delaware corporation

			
		
	By:	 	 /s/ David E. Snyder

		 	David E. Snyder
		 	President
	
	 KEPPEL-KBS IRON POINT, INC.,

a Delaware corporation

			
		
	By:	 	 /s/ David E. Snyder

		 	David E. Snyder
		 	President

			
	 KEPPEL-KBS GREAT HILLS PLAZA, INC.,

a Delaware corporation

			
		
	By:	 	 /s/ David E. Snyder

		 	David E. Snyder
		 	President

			
	
	KEPPEL-KBS BELLEVUE TECHNOLOGY CENTER, INC.,
	a Delaware corporation

			
		
	By:	 	 /s/ David E. Snyder

		 	David E. Snyder
		 	President

			
	
	KEPPEL-KBS 1800 WEST LOOP, INC.,
	a Delaware corporation

			
		
	By:	 	 /s/ David E. Snyder

		 	David E. Snyder
		 	President

 “SELLER”: 

 

													
	 KBS SOR NORTHRIDGE, LLC,
 a
Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION III, LLC,
		    	a Delaware limited liability company,
		    	its sole member
			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	a Delaware limited liability company,
		    		    	its sole member
				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	a British Virgin Islands company limited by shares,
		    		    		    	its sole shareholder
					
		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,
		    		    		    		    	a Delaware limited partnership,
		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY REIT, INC.,
		    		    		    		    		    	a Maryland corporation,
		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

													
	 KBS SOR IRON POINT, LLC,
 a
Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION IV, LLC,
		    	a Delaware limited liability company
		    	its sole member
			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	a Delaware limited liability company,
		    		    	its sole member
				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	a British Virgin Islands company limited by shares,
		    		    		    	its sole shareholder
					
		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,
		    		    		    		    	a Delaware limited partnership,
		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY REIT, INC.,
		    		    		    		    		    	a Maryland corporation,
		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

													
	 KBS SOR 156TH AVENUE NORTHEAST, LLC,

a Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XIII, LLC,
		    	a Delaware limited liability company,
		    	its sole member
			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	a Delaware limited liability company,
		    		    	its sole member
				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	a British Virgin Islands company limited by shares,
		    		    		    	its sole shareholder
					
		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,
		    		    		    		    	a Delaware limited partnership,
		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY REIT, INC.,
		    		    		    		    		    	a Maryland corporation,
		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

													
	 KBS SOR POWERS FERRY LANDING EAST, LLC,

a Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XV, LLC,
		    	a Delaware limited liability company
		    	its sole member
			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	a Delaware limited liability company,
		    		    	its sole member
				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	a British Virgin Islands company limited by shares,
		    		    		    	its sole shareholder
					
		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,
		    		    		    		    	a Delaware limited partnership,
		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY REIT, INC.,
		    		    		    		    		    	a Maryland corporation,
		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

													
	 KBS SOR 1800 WEST LOOP SOUTH, LLC,

a Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XVI, LLC,
		    	a Delaware limited liability company,
		    	its sole member
			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	a Delaware limited liability company,
		    		    	its sole member
				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	a British Virgin Islands company limited by shares,
		    		    		    	its sole shareholder
					
		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,
		    		    		    		    	a Delaware limited partnership,
		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY REIT, INC.,
		    		    		    		    		    	a Maryland corporation,
		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

													
	 KBS SOR 6565-6575 WEST LOOP SOUTH, LLC,

a Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XVII, LLC,
		    	a Delaware limited liability company,
		    	its sole member
			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	a Delaware limited liability company,
		    		    	its sole member
				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	a British Virgin Islands company limited by shares,
		    		    		    	its sole shareholder
					
		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,
		    		    		    		    	a Delaware limited partnership,
		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY REIT, INC.,
		    		    		    		    		    	a Maryland corporation,
		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

													
	 KBS SOR AUSTIN SUBURBAN PORTFOLIO, LLC,

a Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XVIII, LLC,
		    	a Delaware limited liability company,
		    	its sole member
			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	a Delaware limited liability company,
		    		    	its sole member
				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	a British Virgin Islands company limited by shares,
		    		    		    	its sole shareholder
					
		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,
		    		    		    		    	a Delaware limited partnership,
		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY REIT, INC.,
		    		    		    		    		    	a Maryland corporation,
		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

													
	 KBS SOR WESTMOOR CENTER, LLC,
 a
Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XIX, LLC,
		    	a Delaware limited liability company,
		    	its sole member
			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	a Delaware limited liability company,
		    		    	its sole member
				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	a British Virgin Islands company limited by shares,
		    		    		    	its sole shareholder
					
		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,
		    		    		    		    	a Delaware limited partnership,
		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY REIT, INC.,
		    		    		    		    		    	a Maryland corporation,
		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

													
	 KBS SOR MAITLAND PROMENADE II, LLC,

a Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XXIV, LLC,
		    	a Delaware limited liability company,
		    	its sole member
			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	a Delaware limited liability company,
		    		    	its sole member
				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	a British Virgin Islands company limited by shares,
		    		    		    	its sole shareholder
					
		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,
		    		    		    		    	a Delaware limited partnership,
		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY REIT, INC.,
		    		    		    		    		    	a Maryland corporation,
		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

													
	 KBS SOR PLAZA BELLEVUE, LLC,
 a
Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XXVI, LLC,
		    	a Delaware limited liability company,
		    	its sole member
			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	a Delaware limited liability company,
		    		    	its sole member
				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	a British Virgin Islands company limited by shares,
		    		    		    	its sole shareholder
					
		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,
		    		    		    		    	a Delaware limited partnership,
		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	KBS STRATEGIC OPPORTUNITY REIT, INC.,
		    		    		    		    		    	a Maryland corporation,
		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

			
	AGREED TO THIS 24th
	DAY OF OCTOBER, 2017,
	AS TO PROVISIONS RELATING TO ESCROW HOLDER:
	
	FIRST AMERICAN TITLE INSURANCE COMPANY

  
 

 

 LIST OF EXHIBITS AND SCHEDULES 

 

					
	EXHIBIT A	 	—	  	List of Seller Parties, Buyer Parties and Real Properties
			
	EXHIBIT B	 	—	  	Form of Closing Escrow Agreement
			
	EXHIBIT C	 	—	  	List of Contracts
			
	EXHIBIT C-1	 	—	  	List of Leases
			
	EXHIBIT D	 	—	  	Intentionally Deleted
			
	EXHIBIT E	 	—	  	State-Specific Deliverables
			
	EXHIBIT F	 	—	  	Form of Assignment of Leases and Contracts and Bill of Sale
			
	EXHIBIT G	 	—	  	Form of FIRPTA Affidavit
			
	EXHIBIT H	 	—	  	Form of Tenant Notice
			
	EXHIBIT I	 	—	  	Form of Owners Affidavit
			
	EXHIBIT J	 	—	  	Florida Department of Community Affairs Energy Efficiency Rating Disclosure
			
	EXHIBIT K	 	—	  	Washington Disclosure Statement
			
	SCHEDULE 1	 	—	  	List of Title Reports
			
	SCHEDULE 2	 	—	  	Disclosures
			
	SCHEDULE 3	 	—	  	Form of California Natural Hazard Disclosure Statement
			
	SCHEDULE 4	 	—	  	Intentionally Deleted
			
	SCHEDULE 5	 	—	  	Notice Address of the Parties

 EXHIBIT A 

List of Seller Parties, Buyer Parties and Real Properties 
  

							
	  	 	SELLER PARTY	 	 REAL PROPERTY NAME
AND
ADDRESS
  
	 	BUYER PARTY
	1.	 	 KBS SOR Northridge, LLC, a Delaware
limited liability company
  
	 	 Northridge Center

356-375 Northridge Road

Atlanta, GA
  
	 	Keppel-KBS Northridge Center, Inc., a Delaware corporation
	2.	 	 KBS SOR Iron Point, LLC, a Delaware
limited liability company
  
	 	 Iron Point

1110, 1120, 1130, 1150 and 1180 Iron Point Road
 Folsom, CA

 
	 	Keppel-KBS Iron Point, Inc., a Delaware corporation
	3.	 	 KBS SOR 156th Avenue Northeast, LLC, a Delaware limited liability company
  
	 	 Bellevue Technology Center

QBE Corporate Campus
 156th Avenue
 Bellevue, WA
  
	 	Keppel-KBS Bellevue Technology Center, Inc., a Delaware
corporation
	4.	 	 KBS SOR Powers Ferry Landing East, LLC,
a Delaware limited liability company
  
	 	 Powers Ferry Landing

6190 Powers Ferry Road
 Sandy Springs, GA
	 	Keppel-KBS Powers Ferry Landing, Inc., a Delaware corporation
	5.	 	 KBS SOR 1800 West Loop South, LLC, a
Delaware limited liability company
  
	 	 1800 West Loop South

1800 West Loop South
 Houston, TX
	 	Keppel-KBS 1800 West Loop, Inc., a Delaware corporation
	6.	 	 KBS SOR 6565-6575 West Loop South, LLC,
a Delaware limited liability company
  
	 	 West Loop I & II

6565-6575 West Loop South
 Bellaire, TX
	 	Keppel-KBS West Loop I and II, Inc., a Delaware corporation
	7.	 	 KBS SOR Austin Suburban Portfolio, LLC,
a Delaware limited liability company
  
	 	 Great Hills Plaza

9600 Great Hills Trail
 Austin, TX
	 	Great Hills Plaza
Keppel-KBS Great Hills Plaza, Inc., a
Delaware corporation
	8.	 	 KBS SOR Austin Suburban Portfolio, LLC,
a Delaware limited liability company
  
	 	 Westech 360

8911 North Capital of Texas Highway Austin, TX
	 	Westech 360
Keppel-KBS Westech 360, Inc., a Delaware
corporation
	9.	 	 KBS SOR Westmoor Center, LLC, a
Delaware limited liability company
  
	 	 Westmoor Center

10055, 10075, 10155, 10225, 10355 and 10385 Westmoor Drive Westminster, CO
  
	 	Keppel-KBS Westmoor Center, Inc., a Delaware corporation
	10.  	 	 KBS SOR Maitland Promenade II, LLC, a
Delaware limited liability company
  
	 	 Maitland Promenade II

495 N. Keller Road
 Maitland, FL
	 	Keppel-KBS Maitland Promenade, Inc., a Delaware corporation

  
 EXHIBIT A 

							
	  	 	 SELLER PARTY

 
	 	 REAL PROPERTY NAME
AND
ADDRESS
  
	 	BUYER PARTY
	11.  	 	KBS SOR Plaza Bellevue, LLC, a Delaware limited liability company	 	 The Plaza Buildings

10800 and 10900 NE 8th Street Bellevue, WA

 
	 	Keppel-KBS Plaza Buildings, Inc., a Delaware corporation

  
 EXHIBIT A 

 EXHIBIT B 

Form of Closing Escrow Agreement 

(Attached) 

  
 EXHIBIT B 

Page 1 

 CLOSING ESCROW AGREEMENT 

THIS CLOSING ESCROW AGREEMENT (this “Agreement”) is made and entered into as of this 6th day of November, 2017, by and among those parties identified as the “Seller Parties” on Exhibit A attached hereto (collectively, “Seller”), those parties identified
as the “Buyer Parties” on Exhibit A attached hereto (collectively, “Buyer”), FIRST AMERICAN TITLE INSURANCE COMPANY, in its capacity as the “Escrow Holder” under the Purchase Agreement (defined below)
(“Escrow Holder”), and FIRST AMERICAN TITLE INSURANCE COMPANY, in its capacity as “Title Company” under the Purchase Agreement (“Title Company”). 

RECITALS 

A.        Seller and Buyer entered into that certain Portfolio Purchase and Sale
Agreement and Escrow Instructions dated as of October 24, 2017 (the “Purchase Agreement”) for the purchase and sale of certain properties located throughout the United States, and more particularly described in the Purchase
Agreement (each a “Real Property” and collectively, the “Real Properties”) and as set forth next to each applicable Seller Party’s name on Exhibit A attached hereto. Escrow Holder is the “Escrow
Holder” named in the Purchase Agreement. Title Company is the “Title Company” named in the Purchase Agreement. Any capitalized terms not otherwise defined herein shall have the meanings assigned thereto in the Purchase Agreement. 

B.        The Purchase Agreement was executed in connection with the Offering of the
Units in the Buyer Parent REIT and listing of the Units on the Singapore Exchange Securities Trading Limited (“SGX”) (the Offering and the listing of the Units are referred to as the “IPO”) as more particularly
described in the Purchase Agreement. The IPO is scheduled to occur at 2:00 p.m. (Singapore Time) on November 9, 2017 (which is 11:00 p.m. (Pacific Standard Time) on November 8, 2017) (the “IPO Commencement Time”). 

C.        Buyer has advised Seller and Escrow Holder that the Close of Escrow must
occur prior to the IPO Commencement Time. As a result, Seller and Buyer need to coordinate the Close of Escrow with the IPO and the requirements and timing thereof, and therefore, desire to establish the specific procedures by which Buyer and Seller
will authorize and complete the Close of Escrow pursuant to the Purchase Agreement so that the Close of Escrow will occur prior to the IPO Commencement Time. 

D.        Seller and Buyer desire to set forth the terms and conditions upon which Escrow Holder, as
the Escrow Holder under the Purchase Agreement, will be authorized to proceed with the Close of Escrow, and Title Company, as the Title Company under the Purchase Agreement, will issue the Title Insurance Policies to Buyer, all as more particularly
set forth in the Agreement. 
 NOW, THEREFORE, in consideration of the mutual promises contained herein and of other good
and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby covenant and agree as follows: 

  
 EXHIBIT B 

Page 2 

1.          Recitals. The Recitals above are hereby
incorporated as a material part of this Agreement. This is the Closing Escrow Agreement referred to in the Purchase Agreement. 

2.          Procedure for Delivery and Confirmation of Closing
Deliverables. 
 2.1        Delivery of Closing Documents. Prior to
12:00 p.m. Pacific Standard Time on November 7, 2017 (the “Closing Document Delivery Deadline”), Seller and Buyer, as applicable, shall cause to be delivered to Escrow Holder all of the documents listed in Exhibit B
attached hereto (collectively, the “Closing Documents”) to be held in trust by Escrow Holder pending the Close of Escrow, including without limitation, a deed (each, a “Deed” and collectively the
“Deeds”) with respect to each Real Property executed and acknowledged by the applicable Seller, which upon the Close of Escrow will convey to the applicable Buyer good and marketable title to the applicable Real Property. Buyer and
Seller agree that the Closing Documents are documents required to be delivered by Seller and/or Buyer, as applicable, pursuant to Section 6 of the Purchase Agreement. 

2.2        Confirmation of Closing Documents. Upon Escrow Holder’s
receipt of all of the fully-executed original Closing Documents, Escrow Holder shall immediately notify Seller and Buyer in writing by electronic mail (the “Closing Document Confirmation Notice”). If not all Closing Documents are
fully-executed and delivered prior to the Closing Document Delivery Deadline, Escrow Holder shall deliver written notice by electronic mail that the Closing Documents that are missing or incomplete (the “Closing Document Deficiency
Notice”), which electronic mail shall itemize what is missing or incomplete. In each case, Escrow Holder shall deliver a Closing Document Confirmation Notice or a Closing Document Deficiency Notice, as applicable, by 2:00 p.m. Pacific
Standard Time on November 7, 2017. If Escrow Holder delivers a Closing Document Deficiency Notice, but subsequently receives all the Closing Documents, Escrow Holder shall immediately deliver a Closing Document Confirmation Notice. Escrow
Holder’s delivery of the Closing Document Confirmation Notice shall constitute Escrow Holder’s confirmation that it has received all Closing Documents, each Closing Document has been executed by the applicable party(ies) thereto, and all
exhibits and schedules to each such Closing Document, as applicable, have been attached thereof (or that Escrow Holder has the exhibits and schedules to be attached and has authorization to attach such exhibits or schedules). 

2.3        Execution of Closing Statement. Prior to 10:00 a.m. Pacific
Standard Time on November 8, 2017 (the “Closing Statement Delivery Deadline”), Buyer and Seller shall approve and execute a closing settlement statement (the “Closing Statement”) prepared by Escrow Holder.
Escrow Holder shall also execute the approved Closing Statement. If Buyer, Seller and Escrow Holder agree to have a closing settlement statement for each Real Property or a master closing settlement statement with separate or attached property
specific closing settlement statements, each such closing settlement statement shall constitute one Closing Statement for purposes of this Agreement. 

2.4        Confirmation of Closing Statement. Upon Escrow Holder’s
receipt of a fully-executed Closing Statement, Escrow Holder shall immediately notify Seller and Buyer in writing by electronic mail (the “Closing Statement Confirmation Notice”), which electronic mail shall attach a copy of the
fully-executed Closing Statement. If Escrow Holder has not received a 

  
 EXHIBIT B 

Page 3 

 
fully-executed Closing Statement prior to the Closing Statement Delivery Deadline, Escrow Holder shall deliver written notice by electronic mail (the “Closing Statement Deficiency
Notice”). In either case, Escrow Holder shall deliver a Closing Statement Confirmation Notice or a Closing Statement Deficiency Notice, as applicable, by 11:00 a.m. Pacific Standard Time on November 8, 2017. If Escrow Holder delivers a
Closing Statement Deficiency Notice, but subsequently receives the fully-executed Closing Statement, Escrow Holder shall immediately deliver a Closing Statement Confirmation Notice. 

2.5        Delivery of Closing Funds. Upon receipt of the Closing Statement
Confirmation Notice, Buyer shall initiate one or more wire transfers, or cause such wire transfer to be initiated, so that the full amount of the closing funds due from Buyer that are necessary for the Close of Escrow (the “Closing
Funds”) as set forth on the Closing Statement are deposited into a segregated account of Escrow Holder (the “Escrow Account”). Escrow Holder acknowledges that a portion of the Closing Funds are being advanced on behalf of
Buyer by the bridge loan lenders listed on the Closing Statement (the “Bridge Lenders”). All Closing Funds shall be delivered by wire transfer in current and immediately available funds. Buyer and Seller hereby advise Escrow Holder
that a portion of the Purchase Price will not be funded into the Escrow Account because KBS SOR will instead be receiving nine and one-half percent (9.5%) of the Units (the “KBS SOR Units”) as of the Close of Escrow in lieu of cash,
which will be reflected in the Closing Statement. As of the date hereof, the estimated amount of the portion of Purchase Price that will not be funded in cash is approximately $52,548,015. 

2.6        Confirmation of Closing Funds. Upon Escrow Holder’s receipt of
all Closing Funds from or on behalf of Buyer as required for the Close of Escrow pursuant to Closing Statement, Escrow Holder shall immediately notify Seller and Buyer in writing by electronic mail (the “Closing Funds Confirmation
Notice”). If Escrow Holder has not received all Closing Funds from or on behalf of Buyer as required for the Close of Escrow pursuant to Closing Statement by 2:30 Pacific Standard Time on November 8, 2017, Escrow Holder shall deliver
written notice by electronic mail (the “Closing Funds Deficiency Notice”). If Escrow Holder delivers a Closing Funds Deficiency Notice, but subsequently receives all Closing Funds from or on behalf of Buyer as required for the Close
of Escrow pursuant to Closing Statement, Escrow Holder shall immediately deliver a Closing Statement Confirmation Notice. Escrow Holder’s delivery of the Closing Funds Confirmation Notice shall constitute Escrow Holder’s irrevocable
confirmation and agreement that: 
 2.6.1    Escrow Holder has received all of the Closing Documents,
the Closing Statement, and all Closing Funds as required by this Agreement; and 
 2.6.2    Escrow
Holder is in a position to satisfy all of the conditions and requirements set forth in this Agreement and any supplemental instruction letter sent to Escrow Holder by Seller, Buyer, or either party’s counsel. 

2.7        Additional Parties May be Copied on Notices. In light of the need
to coordinate the process the Close of Escrow with the IPO, each of Buyer and Seller shall have the right to request that certain members of their working teams, including without limitation, representatives of the Bridge Lenders and other parties
managing and coordinating the IPO be copied on the notices described in this Section 2 and Section 3 below; provided that the 

  
 EXHIBIT B 

Page 4 

 
requesting party make such request in writing prior to the Closing Document Delivery Deadline and clearly provide the electronic mail addresses of the parties to be copied in an electronic
format. 
 2.8        No Release of Closing Deliverables. Escrow Holder
shall hold, and shall not release, any Closing Documents (including specifically the Deeds) and any Closing Funds (sometimes collectively referred to as the “Closing Deliverables”) prior to the Close of Escrow or the termination of
this Agreement. 
 3.           Procedure to Authorize the Close of
Escrow. 
 3.1        Seller’s Irrevocable and Unconditional
Authorization to Close. Within two (2) hours of Seller’s receipt of the Closing Fund Confirmation Notice, Seller shall deliver to Escrow Holder and Buyer by electronic mail an irrevocable and unconditional authorization to proceed with
the Close of Escrow as of 1:59 p.m. (Singapore Time) on November 9, 2017 (10:59 p.m. (Pacific Standard Time) on November 8, 2017) (the “Automatic Time for the Close of Escrow”) pursuant to the terms of the Purchase
Agreement and this Agreement (“Seller’s Irrevocable Authorization to Close”). The parties agree that upon delivery of the Seller’s Irrevocable Authorization to Close, no further action is required from Seller for the Close
of Escrow and that Seller’s authorization to consummate the Close of Escrow is irrevocable and unconditional. 

3.2        Buyer’s Revocable and Conditional Authorization to Close.
Within two (2) hours of Buyer’s receipt of the Closing Fund Confirmation Notice, Buyer shall deliver to Escrow Holder and Seller by electronic mail an authorization to proceed with the Close of Escrow as of the Automatic Time for the Close of
Escrow pursuant to the terms of the Purchase Agreement and this Agreement (“Buyer’s Authorization to Close”). Buyer’s Authorization to Close shall be irrevocable unless: 

(1)        Buyer notifies Escrow Holder and Seller by electronic mail
prior to 10:30 a.m. (Singapore Time) on November 9, 2017 (7:30 p.m. (Pacific Standard Time) on November 8, 2017) that Buyer does not believe the IPO will be successful (the “Buyer’s Closing Termination Notice”); or 

(2)        Buyer notifies Escrow Holder and Seller by electronic mail
prior to Automatic Time for the Close of Escrow that Buyer has received written notice from SGX or MAS that the IPO will not be permitted to proceed (the “Regulator’s Closing Termination Notice”), which electronic mail shall include a
copy of the applicable notice from SGX or MAS. 
 3.3        Confirmation of
Receipt of Closing Authorizations by Escrow Holder. Within two (2) hours of Escrow Holder’s receipt of the Seller’s Irrevocable Authorization to Close and the Buyer’s Authorization to Close, Escrow Holder shall notify Buyer
and Seller of same by electronic mail. Thereafter, Escrow Holder shall be irrevocably authorized by Seller and Buyer to consummate the Close of Escrow as of the Automatic Time for the Close of Escrow unless Buyer timely delivers (1) a
Buyer’s Closing Termination Notice pursuant to 

  
 EXHIBIT B 

Page 5 

 
Section 3.2(1) above or (2) a Regulator’s Closing Termination Notice pursuant to Section 3.2(2) above. 

3.4        Confirmation of Close of Escrow. If Buyer does not timely deliver
(1) a Buyer’s Closing Termination Notice pursuant to Section 3.2(1) above or (2) a Regulator’s Closing Termination Notice pursuant to Section 3.2(2) above, then the Close of
Escrow shall automatically and irrevocably occur as of Automatic Time for the Close of Escrow without the need for any further authorization or approval of Seller and Buyer (oral or written) at which time (1) the Deeds shall be deemed to have been
delivered to Buyer, (2) the KBS SOR Units shall be deemed to have been delivered to Seller pursuant to the KBS SOR Unit Transfer Documents (as defined in Exhibit B attached hereto), (3) and as soon as practicable thereafter (but not more
than fifteen (15) minutes thereafter), Escrow Holder shall notify Buyer and Seller by electronic mail that the Close of Escrow has occurred. 

3.5        Confirmation of Closing Termination. If Buyer timely delivers
(1) a Buyer’s Closing Termination Notice by electronic mail pursuant to Section 3.2(1) above or (2) a Regulator’s Closing Termination Notice by electronic mail pursuant to
Section 3.2(2) above, then Close of Escrow shall not occur and on the next business day Escrow Holder shall (i) send by overnight delivery each original counterpart of the Closing Documents and the Closing Statement to
the parties who delivered (or as such parties may direct in writing, which may include the direction that Escrow Holder destroy as opposed to return its original counterparts) and (ii) return the Closing Funds by wire transfer to Buyer and each
of the Bridge Lenders in the respective amounts received from each such entity; provided, however, that Escrow Holder shall have the right to deduct the portion of Closing Funds contributed by Buyer (but not from Closing Funds from the Bridge
Lenders) Escrow Holder’s costs, expenses and fees (but not premiums for Title Insurance Policies) incurred in connection with this escrow. Escrow Holder shall return the Closing Funds to Buyer and the Bridge Lenders pursuant to the wire
instructions set forth on Exhibit D attached hereto. 

4.          Release of Deeds and Closing Documents; Delivery of
Closing Funds. As soon as practicable following the Close of Escrow, but no later than 10:00 a.m. (Pacific Standard Time) on November 9, 2017, Escrow Holder and Title Company shall take the following actions in the following
order: 
 4.1        With respect to all Closing Documents delivered to Escrow
Holder, and to the extent necessary, Escrow Holder shall insert into all blanks requiring the insertion of the Close of Escrow the date “November 8, 2017”; 

4.2        Escrow Holder shall deliver to Seller, by wire transfer in immediately
available funds, the amounts due to Seller in accordance with the Closing Statement; 

4.3        Escrow Holder shall deliver to itself the sums indicated on the Closing
Statement as being due to Escrow Holder for title insurance and escrow costs; 

4.4        Escrow Holder shall deliver to other third parties reflected on the
Closing Statement, the amounts reflected as being due such parties on the Closing Statement pursuant to the instructions provided to you by such parties; 

  
 EXHIBIT B 

Page 6 

 4.5        Title Company shall record
each Deed in the official records of the County in which the applicable Real Property is located; 

4.6        Escrow Holder shall deliver the KBS SOR Unit Transfer Documents to Seller;

 4.7        Escrow Holder shall deliver to Buyer and Seller each a copy of all of
the Closing Documents and Title Company shall deliver a conformed copy of each recorded Deed; 

4.8        Title Company shall issue the Title Insurance Policies for the Real
Properties within five (5) business days after the Close of Escrow. 

5.          Irrevocable Agreement to Issue Title Policies. By
its execution of this Agreement, Title Company hereby confirms and agrees it is irrevocably committed to issue to each Buyer an owner’s policy of title insurance (each a “Title Insurance Policy” and collectively, the
“Title Insurance Policies”) in the form of the pro forma title policies previously delivered by Title Company to Buyer and listed in Exhibit C showing only those exceptions and including those endorsements shown in the pro forma title
policies. Each Title Insurance Policy shall insure that each Buyer is the owner of good and marketable fee simple title to the Real Property that it is acquiring pursuant to the Purchase Agreement, subject only to the exceptions shown in the
applicable pro forma policy. 
 6.          Nature of Escrow
Holder’s Obligations. Escrow Holder shall have no duties or responsibilities except for those specifically set forth in this Agreement and the Purchase Agreement, which are ministerial in nature. If in doubt as to its duties and
responsibilities under this Agreement, Escrow Holder may consult with counsel of its choice (at Escrow Holder’s sole expense) and shall be protected in any action taken or omitted in accordance with the advice of such counsel. 

7.          Conflict with Purchase Agreement. If there is any
conflict or inconsistency between the terms of this Agreement and the Purchase Agreement, this Agreement shall prevail. 

8.          Notices. Except for the notices required to be
sent by electronic mail in Sections 2 and 3 above, all other notices shall be in writing and shall be sent by electronic mail or nationally recognized overnight courier to the address set forth below (or such other address as a party may
hereafter designate for itself by notice to the other parties) of the party for whom such notice or communication is intended: 
  

			
	            If to Seller:	  	
		
	c/o KBS Capital Advisors LLC	  	with a copy to:
	800 Newport Center Drive, Suite 700	  	
	Newport Beach, CA 92660	  	
	Attn: Brian Ragsdale	  	
	Phone: (949) 797-0305	  	
	Electronic mail: bragsdale@kbs.com	  	

  
 EXHIBIT B 

Page 7 

 If to Buyer: 

c/o Keppel-KBS US REIT Management Pte. Ltd.    with a copy to: 

800 Newport Center Drive, Suite 700 
 Newport Beach, CA 92660 

Attn: David Snyder 
 Phone: (949)
417-6563 
 Electronic mail: dsnyder@kbs.com 

If to Escrow Holder: 
 First
American Title Insurance Company 
 18500 Von Karman Avenue, Suite 600 

Irvine, California 92612 
 Attention: Patty Beverly 

Phone: (949) 885-2465 

Electronic mail: pbeverly@firstam.com 
 Any
electronic notice shall be deemed given on the day sent. Any notice sent by nationally recognized overnight courier shall be deemed given one business day following delivery to the overnight courier. For avoidance of doubt, the notices required to
be given by Escrow Holder, Seller and Buyer pursuant to Sections 2 and 3 above may only be given by electronic mail and any other form of delivery of any such notices shall not be effective. Specifically, a Buyer’s Closing Termination
Notice and a Regulator’s Closing Termination Notice may only be delivered by electronic mail and if either of such termination notices are sent to Escrow Holder in an alternative manner (such as by facsimile or overnight delivery) and not
electronic mail, Escrow Holder shall not be authorized to accept or follow such termination notice and shall have no liability for consummating the Close of Escrow notwithstanding such improperly delivered termination notice. 

9.            Attorneys’ Fees. Each party shall
be responsible for its own legal fees in preparing and reviewing this Agreement. If there is any legal action or proceeding between the parties arising from or based upon this Agreement, the unsuccessful party to such action or proceeding
shall pay to the prevailing party all costs and expenses, including reasonable attorneys’ fees and disbursements incurred by the prevailing party in such action or proceeding and in any appeal in connection therewith, and such costs, expenses,
attorneys’ fees and disbursements shall be included in and as part of such judgment. 

10.          Further Assurances. The parties shall execute and
deliver such further documents or instruments and take such additional actions as may be reasonably necessary or appropriate to accomplish or further the purposes of this Agreement, provided, however, that no such documents or instruments
shall increase either party’s obligations or liabilities under this Agreement. Such documents or instruments shall be on customary forms and contain customary and reasonable terms and conditions. 

11.          Miscellaneous. 

 

  
 EXHIBIT B 

Page 8 

 11.1        This Agreement shall be
binding upon the parties and their respective successors and assigns. 

11.2        If any provision of this Agreement shall be determined by a court to be
invalid or unenforceable for any reason, such invalid or unenforceable provision shall be deleted from this Agreement, and the remaining provisions of this Agreement shall be interpreted and enforced to give effect to the intent of this Agreement as
if such invalid or unenforceable provisions had never been contained herein. 

11.3        This Agreement may be not be altered, amended, modified, or waived in any
respect unless same shall be in writing and executed by the parties. 

11.4        THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE
LAWS OF STATE OF CALIFORNIA. 
 11.5        To facilitate execution, this Agreement
may be executed in as many counterparts as may be convenient or required. It shall not be necessary that the signature of, or on behalf of, each party, or that the signature of all persons required to bind any party, appear on each counterpart. All
counterparts shall collectively constitute a single instrument. It shall not be necessary in making proof of this Agreement to produce or account for more than a single counterpart containing the respective signatures of, or on behalf of, each of
the parties hereto. Any signature page to any counterpart may be detached from such counterpart without impairing the legal effect of the signatures thereon and thereafter attached to another counterpart identical thereto except having attached to
it additional signature pages. Delivery of an executed counterpart of this Agreement by facsimile, electronic mail or other electronic means shall be binding upon the party so delivering it. 

IN WITNESS WHEREOF, the undersigned have caused this instrument to be duly executed and its seal to be affixed thereto as of the day and year
first above written. 
 [Signature Pages Follow] 

  
 EXHIBIT B 

Page 9 

 “SELLER”: 

 

													
	 KBS SOR NORTHRIDGE, LLC,
 a
Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION III, LLC,
		    	 a Delaware limited liability company,

its sole member

			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	 a Delaware limited liability company,

its sole member

				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	 a British Virgin Islands company limited by shares,

its sole shareholder

					
		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,

a Delaware limited partnership,

		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY REIT, INC.,

a Maryland corporation,

		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

  
 EXHIBIT B 

Page 10 

													
	 KBS SOR IRON POINT, LLC,
 a
Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION IV, LLC,
		    	 a Delaware limited liability company

its sole member

			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	 a Delaware limited liability company,

its sole member

				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	 a British Virgin Islands company limited by shares,

its sole shareholder

					
		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,

a Delaware limited partnership,

		    		    		    		    	 its sole shareholder

						
		    		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY REIT, INC.,

a Maryland corporation,

		    		    		    		    		    	 its sole general partner

							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

  

  
 EXHIBIT B 

Page 11 

													
	 KBS SOR 156TH AVENUE NORTHEAST, LLC,

a Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XIII, LLC,
		    	 a Delaware limited liability company,

its sole member

			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	 a Delaware limited liability company,

its sole member

				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	 a British Virgin Islands company limited by shares,

its sole shareholder

					
		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,

a Delaware limited partnership,

		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY REIT, INC.,

a Maryland corporation,

		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

  

  
 EXHIBIT B 

Page 12 

													
	 KBS SOR POWERS FERRY LANDING EAST, LLC,

a Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XV, LLC,
		    	 a Delaware limited liability company

its sole member

			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	 a Delaware limited liability company,

its sole member

				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	 a British Virgin Islands company limited by shares,

its sole shareholder

					
		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,

a Delaware limited partnership,

		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY REIT, INC.,

a Maryland corporation,

		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

  

  
 EXHIBIT B 

Page 13 

													
	 KBS SOR 1800 WEST LOOP SOUTH, LLC,

a Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XVI, LLC,
		    	 a Delaware limited liability company,

its sole member

			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	 a Delaware limited liability company,

its sole member

				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	 a British Virgin Islands company limited by shares,

its sole shareholder

					
		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,

a Delaware limited partnership,

		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY REIT, INC.,

a Maryland corporation,

		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

  

  
 EXHIBIT B 

Page 14 

													
	 KBS SOR 6565-6575 WEST LOOP SOUTH, LLC,

a Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XVII, LLC,
		    	 a Delaware limited liability company,

its sole member

			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	 a Delaware limited liability company,

its sole member

				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	 a British Virgin Islands company limited by shares,

its sole shareholder

					
		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,

a Delaware limited partnership,

		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY REIT, INC.,

a Maryland corporation,

		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

  
 EXHIBIT B 

Page 15 

													
	 KBS SOR AUSTIN SUBURBAN PORTFOLIO, LLC,

a Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XVIII, LLC,
		    	 a Delaware limited liability company,

its sole member

			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	 a Delaware limited liability company,

its sole member

				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	 a British Virgin Islands company limited by shares,

its sole shareholder

					
		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,

a Delaware limited partnership,

		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY REIT, INC.,

a Maryland corporation,

		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

  

  
 EXHIBIT B 

Page 16 

													
	 KBS SOR WESTMOOR CENTER, LLC,
 a
Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XIX, LLC,
		    	 a Delaware limited liability company,

its sole member

			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	 a Delaware limited liability company,

its sole member

				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	 a British Virgin Islands company limited by shares,

its sole shareholder

					
		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,

a Delaware limited partnership,

		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY REIT, INC.,

a Maryland corporation,

		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	Jeffrey K. Waldvogel,
		    		    		    		    		    		    	Chief Financial Officer

  
 EXHIBIT B 

Page 17 

													
	 KBS SOR MAITLAND PROMENADE II, LLC,

a Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XXIV, LLC,
		    	 a Delaware limited liability company,

its sole member

			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	 a Delaware limited liability company,

its sole member

				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	 a British Virgin Islands company limited by shares,

its sole shareholder

					
		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,

a Delaware limited partnership,

		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY REIT, INC.,

a Maryland corporation,

		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	 Jeffrey K. Waldvogel,
 Chief Financial
Officer

  

  
 EXHIBIT B 

Page 18 

													
	 KBS SOR PLAZA BELLEVUE, LLC,
 a
Delaware limited liability company

		
	By:	    	KBS SOR ACQUISITION XXVI, LLC,
		    	 a Delaware limited liability company,

its sole member

			
		    	By:	    	KBS SOR PROPERTIES, LLC,
		    		    	 a Delaware limited liability company,

its sole member

				
		    		    	By:	    	KBS SOR (BVI) HOLDINGS, LTD.,
		    		    		    	 a British Virgin Islands company limited by shares,

its sole shareholder

					
		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP,

a Delaware limited partnership,

		    		    		    		    	its sole shareholder
						
		    		    		    		    	By:	    	 KBS STRATEGIC OPPORTUNITY REIT, INC.,

a Maryland corporation,

		    		    		    		    		    	its sole general partner
							
		    		    		    		    		    	By:	    	/s/ Jeffrey K. Waldvogel                        
		    		    		    		    		    		    	 Jeffrey K. Waldvogel,
 Chief Financial
Officer

  
 EXHIBIT B 

Page 19 

			
	“BUYER”:

			
	
	 KEPPEL-KBS NORTHRIDGE CENTER, INC.,

a Delaware corporation

			
		
	By:    	 	/s/ David E. Snyder        
		 	David E. Snyder
		 	President

			
	
	 KEPPEL-KBS IRON POINT, INC.,

a Delaware corporation

			
		
	By:    	 	/s/ David E. Snyder        
		 	David E. Snyder
		 	President

			
	
	 KEPPEL-KBS BELLEVUE TECHNOLOGY CENTER, INC.,

a Delaware corporation

			
		
	By:    	 	/s/ David E. Snyder        
		 	David E. Snyder
		 	President

			
	
	 KEPPEL-KBS POWERS FERRY LANDING, INC.,

a Delaware corporation

			
		
	By:    	 	/s/ David E. Snyder        
		 	David E. Snyder
		 	President

			
	
	 KEPPEL-KBS 1800 WEST LOOP, INC.,

a Delaware corporation

			
		
	By:    	 	/s/ David E. Snyder        
		 	David E. Snyder
		 	President

			
	
	 KEPPEL-KBS WEST LOOP I AND II, INC.,

a Delaware corporation

  

  
 EXHIBIT B 

Page 20 

			
	By:    	 	/s/ David E. Snyder        
		 	David E. Snyder
		 	President

			
	
	 KEPPEL-KBS GREAT HILLS PLAZA, INC.,

a Delaware corporation

			
		
	By:    	 	/s/ David E. Snyder        
		 	David E. Snyder
		 	President

			
	
	 KEPPEL-KBS WESTECH 360, INC.,

a Delaware corporation

			
		
	By:    	 	/s/ David E. Snyder        
		 	David E. Snyder
		 	President

			
	
	 KEPPEL-KBS WESTMOOR CENTER, INC.,

a Delaware corporation

			
		
	By:    	 	/s/ David E. Snyder        
		 	David E. Snyder
		 	President

			
	
	 KEPPEL-KBS MAITLAND PROMENADE, INC.,

a Delaware corporation

			
		
	By:    	 	/s/ David E. Snyder        
		 	David E. Snyder
		 	President

			
	
	 KEPPEL-KBS PLAZA BUILDINGS, INC.,

a Delaware corporation

			
		
	By:    	 	/s/ David E. Snyder        
		 	David E. Snyder
		 	President

  

  
 EXHIBIT B 

Page 21 

	
	“ESCROW HOLDER”
	
	FIRST AMERICAN TITLE INSURANCE COMPANY
	
	By                                      
                               
	Name:                                     
                          
	Title:                                     
                            
	
	“TITLE COMPANY”
	
	FIRST AMERICAN TITLE INSURANCE COMPANY
	
	By                                      
                                
	Name:                                     
                           
	Title:                                     
                             

  

  
 EXHIBIT B 

Page 22 

 EXHIBIT A 

List of Seller Parties, Buyer Parties and Real Properties 
  

							
	  	 	SELLER PARTY	 	 REAL PROPERTY NAME
AND
 ADDRESS
  
	 	BUYER PARTY
	12.    	 	 KBS SOR Northridge, LLC, a

Delaware limited liability
 company

 
	 	 Northridge Center

356-375 Northridge Road

Atlanta, GA
	 	 Keppel-KBS Northridge Center, Inc.,
 a Delaware corporation

	13.	 	 KBS SOR Iron Point, LLC, a

Delaware limited liability
 company
	 	 Iron Point Business Park

1110, 1120, 1130, 1150 and 1180 Iron
 Point Road

Folsom, CA
  
	 	 Keppel-KBS Iron Point, Inc., a
 Delaware corporation

	14.	 	 KBS SOR 156th Avenue
 Northeast, LLC, a Delaware

limited liability company
	 	 Bellevue Technology Center

QBE Corporate Campus
 156th Avenue
 Bellevue, WA
  
	 	 Keppel-KBS Bellevue Technology
 Center, Inc., a Delaware corporation

	15.	 	 KBS SOR Powers Ferry

Landing East, LLC, a
 Delaware limited liability

company
  
	 	 Powers Ferry Landing

6190 Powers Ferry Road
 Sandy Springs, GA
	 	 Keppel-KBS Powers Ferry Landing,
 Inc., a Delaware corporation

	16.	 	 KBS SOR 1800 West Loop

South, LLC, a Delaware
 limited liability company

 
	 	 1800 West Loop South

1800 West Loop South
 Houston, TX
	 	 Keppel-KBS 1800 West Loop, Inc., a
 Delaware corporation

	17.	 	 KBS SOR 6565-6575 West

Loop South, LLC, a Delaware
 limited liability company

 
	 	 West Loop I & II

6565-6575 West Loop South
 Bellaire, TX
	 	 Keppel-KBS West Loop I and II,
 Inc., a Delaware corporation

	18.	 	 KBS SOR Austin Suburban

Portfolio, LLC, a Delaware
 limited liability company
	 	 Great Hills Plaza 

9600 Great Hills Trail
 Austin, TX

 
 Westech 360

8911 North Capital of Texas Highway Austin, TX
	 	 Great Hills
Plaza
 Keppel-KBS Great Hills Plaza, Inc.,

a Delaware corporation
  

Westech 360

Keppel-KBS Westech 360, Inc., a

Delaware corporation
  

	19.	 	 KBS SOR Westmoor Center,

LLC, a Delaware limited
 liability company
	 	 Westmoor Center

10055, 10075, 10155, 10225, 10355
 and 10385 Westmoor Drive

Westminster, CO
  
	 	 Keppel-KBS Westmoor Center, Inc.,
 a Delaware corporation

  
 EXHIBIT B 

Page 23 

							
	20.    	 	 KBS SOR Maitland

Promenade II, LLC, a
 Delaware limited liability

company
  
	 	 Maitland Promenade II

495 N. Keller Road
 Maitland, FL
	 	 Keppel-KBS Maitland Promenade,
 Inc., a Delaware corporation

	21.	 	 KBS SOR Plaza Bellevue,

LLC, a Delaware limited
 liability company
	 	 Plaza Bellevue

10800 and 10900 NE 8th Street

Bellevue, WA
  
	 	 Keppel-KBS Plaza Buildings, Inc., a
 Delaware corporation

  
 EXHIBIT B 

Page 24 

 EXHIBIT B 

List of Closing Documents 

GENERAL 
 The following documents
pertaining to the Units to be Acquired by KBS SOR (the “KBS SOR Unit Transfer Documents”): 
 1. [TBD – to be completed prior
to execution] 
 2. 
 3. 

1800 WEST LOOP SOUTH 

1800 West Loop South 

Houston, TX 
 Draft as
of October 17, 2017 
  

	
	Buyer: Keppel-KBS 1800 West Loop, Inc.                Seller: KBS SOR 1800 West Loop South,
LLC
	 1.    Special Warranty Deed
executed by Seller.
  

	 2.    Assignment of Leases and
Contracts and Bill of Sale executed by Seller and Buyer.
  

	 3.    FIRPTA Certificate
executed by Seller.
  

	 4.    Owner’s Affidavit
executed by Seller.
  

	 5.    Seller’s
Reaffirmation. Executed by Seller and Buyer.
  

	 6.    Tenant Notices executed
by Seller and Buyer.
  

	 7.    Closing letter executed
by Seller and Buyer.
  

	 8.    [Other] – TBD.

 

 GREAT HILLS PLAZA 

9600 Great Hills Trail, 

Austin, TX 
 Draft as
of October 17, 2017 
  

	
	Buyer: Keppel-KBS Great Hills Plaza, Inc.                Seller: KBS SOR Austin Suburban Portfolio,
LLC
	 1.    Deed executed by
Seller.
  

	 2.    Assignment of Leases and
Contracts and Bill of Sale executed by Seller and Buyer.
  

  
 EXHIBIT B 

Page 25 

	
	 3.    FIRPTA Certificate
executed by Seller.
  

	 4.    Owner’s Affidavit
executed by Seller.
  

	 5.    Seller’s
Reaffirmation executed by Seller and Buyer.
  

	 6.    Tenant Notice Letter
executed by Seller and Buyer.
  

	 7.    [Other] – TBD.

 

 WESTECH 360 

8911 North Capital of Texas Highway 

Austin, TX 
 Draft as
of October 17, 2017 
  

	
	Buyer: Keppel-KBS Westech 360, Inc.    Seller: KBS SOR Austin Suburban Portfolio, LLC
	 8.    Deed executed by
Seller.
  

	 9.    Assignment of Leases and
Contracts and Bill of Sale executed by Seller and Buyer.
  

	 10. FIRPTA Certificate executed by Seller.

 

	 11. Owner’s Affidavit executed by Seller.

 

	 12. Seller’s Reaffirmation executed by Seller
and Buyer.
  

	 13. Tenant Notice Letter executed by Seller and
Buyer.
  

	 14. [Other] – TBD.

 

 BELLEVUE TECHNOLOGY CENTER 

QBE Corporate Campus 
 156th Avenue 
 Bellevue, WA 

Draft as of October 17, 2017 
  

	
	Buyer: Keppel-KBS Bellevue Technology Center, Inc.     Seller: KBS SOR 156th Avenue Northeast, LLC
	 15.     Special Warranty Deed
executed by Seller.
  

	 16. Assignment of Leases and Contracts and Bill of
Sale executed by Seller and Buyer.
  

	 17. FIRPTA Certificate executed by Seller.

 

  
 EXHIBIT B 

Page 26 

	
	 18. Owner’s Affidavit executed by Seller.

 

	 19. Seller’s Reaffirmation executed by Seller
and Buyer.
  

	 20. Washington Environmental Disclosure Statement
executed by Seller.
  

	 21. Tenant Notice Letter executed by Seller and
Buyer.
  

	 22. Real Estate Excise Tax Affidavit executed by
Buyer and Seller.
  

	 23. [Other] - TBD

 

 IRON POINT BUSINESS PARK 

1110, 1120, 1130, 1150, and 1180 Iron Point Road 

Folsom, CA 
 Draft as
of October 17, 2017 
  

	
	Buyer: Keppel-KBS Iron Point, Inc.                    Seller: KBS SOR Iron Point,
LLC
	 24.    Deed executed by
Seller.
  

	 25. Assignment of Leases and Contracts and Bill of
Sale executed by Seller and Buyer.
  

	 26. FIRPTA Certificate executed by Seller.

 

	 27. Owner’s Affidavit executed by Seller.

 

	 28. Seller’s Reaffirmation executed by Seller
and Buyer.
  

	 29. California Natural Hazard Disclosure Statement
executed by Seller.
  

	 30. Tenant Notice Letter executed by Seller and
Buyer.
  

	 31. California Preliminary Change of Ownership
Report (PCOR) executed by Buyer.
  

	 32. Other – [TBD]

 

 MAITLAND PROMENADE II 

495 N. Keller Road 

Maitland, FL 
 Draft
as of October 17, 2017 
  

	
	Buyer: Keppel-KBS Maitland Promenade, Inc.    Seller: KBS SOR Maitland Promenade II, LLC

  
 EXHIBIT B 

Page 27 

	
	 33.     Special Warranty Deed
executed by Seller.
  

	 34. Assignment of Leases and Contracts and Bill of
Sale executed by Seller and Buyer.
  

	 35. FIRPTA Certificate executed by Seller.

 

	 36. Owner’s Affidavit executed by Seller.

 

	 37. Seller’s Reaffirmation executed by Seller
and Buyer.
  

	 38. Tenant Notice Letter executed by Seller and
Buyer.
  

	 39.
Pro-Forma Title Policy
  

	 40. [Other] - TBD

 

 NORTHRIDGE CENTER 

365-375 Northridge Center 

Atlanta, GA 
 Draft as
of October 17, 2017 
  

	
	Buyer: Keppel-KBS Northridge Center, Inc.          Seller: KBS SOR Northridge, LLC
	 41.    Deed executed by
Seller.
  

	 42. Assignment of Leases and Contracts and Bill of
Sale executed by Seller and Buyer.
  

	 43. FIRPTA Certificate executed by Seller.

 

	 44. Owner’s Affidavit executed by Seller.

 

	 45. Seller’s Reaffirmation executed by Seller
and Buyer.
  

	 46. Tenant Notice Letter executed by Buyer and
Seller.
  

	 47. Broker’s Lien Waiver executed by Broker
(if applicable).
  

	 48. Georgia
Non-Resident withholding tax affidavit (no signature required)
  

	 49. PT-61
Real Estate Transfer Tax form (filed online)
  

	 50. [Other] – TBD

 

  
 EXHIBIT B 

Page 28 

 PLAZA BELLEVUE 

10800 and 10900 NE 8th Street 

Bellevue, WA 
 Draft
as of October 17, 2017 
  

	
	Buyer: Keppel-KBS Plaza Buildings, Inc.        Seller: KBS SOR Plaza Bellevue, LLC
	 51.    Special Warranty Deed
executed by Seller.
  

	 52. Assignment of Leases and Contracts and Bill of
Sale executed by Seller and Buyer.
  

	 53. FIRPTA Certificate executed by Seller.

 

	 54. Owner’s Affidavit executed by Seller.

 

	 55. Seller’s Reaffirmation executed by Seller
and Buyer.
  

	 56. Washington Environmental Disclosure Statement
executed by Seller.
  

	 57. Tenant Notice Letter executed by Seller and
Buyer.
  

	 58. Real Estate Excise Tax Affidavit.

 

	 59. Real Estate Excise Tax Affidavit executed by
Buyer and Seller.
  

	 60. [Other] – TBD.

 

 POWERS FERRY LANDING 

6190 Powers Ferry Road 

Sandy Springs, GA 

Draft as of October 17, 2017 
  

	
	Buyer: Keppel-KBS Powers Ferry Landing, Inc.     Seller: KBS SOR Powers Ferry Landing East, LLC
	 61.    Limited Warranty Deed
executed by Seller.
  

	 62. Assignment of Leases and Contracts and Bill of
Sale executed by Buyer and Seller.
  

	 63. FIRPTA Certificate executed by Seller.

 

	 64. Owner’s Affidavit executed by Seller.

 

	 65. Seller’s Reaffirmation executed by Seller
and Buyer.
  

	 66. Broker’s Lien Waiver executed by Broker
(if applicable).
  

	 67. PT61 Real Estate Transfer Tax form (filed
online).
  

  
 EXHIBIT B 

Page 29 

	
	 68. Georgia
Non-Resident withholding tax affidavit (no signature required).
  

	 69. [Other] – TBD.

 

 WEST LOOP I&II 

6565-6575 West Loop South 

Houston, TX 
 Draft as
of October 17, 2017 
  

	
	Buyer: Keppel-KBS Westloop I and II, Inc.        Seller: KBS SOR 6565-6575 West Loop South, LLC
	 70.    Deed executed by
Seller.
  

	 71. Assignment of Leases and Contracts and Bill of
Sale executed by Seller and Buyer.
  

	 72. FIRPTA Certificate executed by Seller.

 

	 73. Owner’s Affidavit executed by Seller.

 

	 74. Seller’s Reaffirmation executed by Seller
and Buyer.
  

	 75. Tenant Notice Letter executed by Seller and
Buyer.
  

	 76. [Other] – TBD.

 

 WESTMOOR CENTER 

10055, 10075, 10155, 10225, 10355, and 10385 Westmoor Drive 

Westminster, CO 

Draft as of October 17, 2017 
  

	
	Buyer: Keppel-KBS Westmoor Center, Inc.        Seller: KBS SOR Westmoor Center, LLC
	 77.    Special Warranty Deed
executed by Seller.
  

	 78. Assignment of Leases and Contracts and Bill of
Sale executed by Seller and Buyer.
  

	 79. FIRPTA Certificate executed by Seller.

 

	 80. Owner’s Affidavit executed by Seller.

 

	 81. Seller’s Reaffirmation executed by Seller
and Buyer.
  

	 82. Tenant Notice Letters executed by Seller and
Buyer.
  

  
 EXHIBIT B 

Page 30 

	
	 83. DR 1083 – Information
With Respect to a Conveyance of Colorado Real Property Interest form, executed by Seller.
  

	 84. Real Property Transfer Declaration executed by
Buyer.
  

	 85. [Other] – TBD.

 

  
 EXHIBIT B 

Page 31 

 EXHIBIT C 

List of Pro Forma of Title Insurance Policies 

Draft as of October 17, 2017 
  

											
	 PROPERTY

NAME &
 ADDRESS
	 	OWNER	 	 EXISTING TITLE

POLICY AND
 EFFECTIVE

DATE
	 	 TITLE

COMPANY
	 	 TITLE

COMMITMENT
 AND

EFFECTIVE
 DATE

 
	 	 PRO FORMA

POLICY

	Northridge Center 356-375 Northridge Road Atlanta, GA	 	KBS SOR Northridge, LLC	 	 Owner’s Policy No. 12507223

March 28, 2011
	 	First American Title Insurance Company	 	Title Commitment Number NCS-
762885-11-SA1
dated September 20, 2017	 	ALTA Owner’s Policy Pro Forma File No. NCS-
762885-01-SA1,
received October 10, 2017
	 Iron Point Business Park

1110, 1120, 1130, 1150 and 1180 Iron Point Road Folsom, CA
	 	KBS SOR Iron Point, LLC	 	Lender’s Policy No. NCS-59036-SAC1 February 27, 2004 Endorsement 10.1-06
(Assignment and Date Down), March 16, 2011	 	First American Title Insurance Company	 	Title Commitment Number NCS-
762885-01-SA1
dated October 10, 2017	 	ALTA Owner’s Policy Pro Forma File No. NCS-
762885-04-SA1,
received September 29, 2017
	 Bellevue Technology Center

QBE Corporate Campus 156th Avenue Bellevue, WA
	 	KBS SOR 156th Avenue Northeast, LLC	 	Owner’s Policy No. WA-FBCM-IMP-
27306-1-12-14606781 July 31, 2012	 	First American Title Insurance Company	 	Title Commitment Number NCS-
762885-12-SA1
dated September 22, 2017	 	ALTA Owner’s Policy Pro Forma File No. NCS-
762885-12-SA1
received October 10, 2017
	 Powers Ferry Landing

6190 Powers Ferry Road Sandy Springs, GA
	 	KBS SOR Powers Ferry Landing East, LLC	 	Owner’s Policy No. 550459 September 26, 2012	 	First American Title Insurance Company	 	Title Commitment Number NCS-
762885-04-SA1
dated September 20, 2017	 	ALTA Owner’s Policy Pro Forma File No. NCS-
762885-04-SA1,
received September 29, 2017
	 1800 West Loop South

1800 West Loop South Houston, TX
	 	KBS SOR 1800 West Loop South, LLC	 	Owner’s Policy No. O-3710000864 December 4, 2012	 	First American Title Insurance Company	 	Title Commitment Number NCS-
762885-10-SA1
dated October 10, 2017	 	ALTA Owner’s Policy Pro Forma File No. NCS-
762885-10-SA1
received October 4, 2017

  
 EXHIBIT B 

Page 32 

											
	 PROPERTY

NAME &
 ADDRESS
	 	OWNER	 	 EXISTING TITLE
POLICY
AND
EFFECTIVE
 DATE
	 	 TITLE

COMPANY
	 	 TITLE

COMMITMENT
 AND

EFFECTIVE
 DATE

 
	 	 PRO FORMA

POLICY

	 West Loop I & II

6565-6575 West Loop South Bellaire, TX
	 	KBS SOR 6565-6575 West Loop South, LLC	 	Owner’s Policy No. 44-903-4713002367
December 19, 2012	 	First American Title Insurance Company	 	Title Commitment Number NCS-
762885-09-SA1
dated September 25, 2017	 	ALTA Owner’s Policy Pro Forma File No. NCS-
762885-09-SA1
received October 4, 2017
	 Austin Suburban Portfolio 9600 Great Hills Trail Austin, TX

 
 8911 North Capital of Texas Highway Austin, TX

 
	 	KBS SOR Austin Suburban Portfolio, LLC	 	Owner’s Policy No. 5019648-0022259e March 28, 2013	 	First American Title Insurance Company	 	Title Commitment Number NCS-
762885-05-SA1
dated September 25, 2017	 	ALTA Owner’s Policy Pro Forma File No. NCS-
762885-05- SA1
received October 4, 2017
	 Westmoor Center

10055, 10075, 10155, 10225, 10355 and 10385 Westmoor Drive Westminster, CO
	 	KBS SOR Westmoor Center, LLC	 	Owner’s Policy No. CO-FFAH-IMP-
81306-1-13-H0367786 June 12, 2013	 	First American Title Insurance Company	 	Title Commitment Number NCS-
762885-13-SA1
dated September 27, 2017	 	ALTA Owner’s Policy Pro Forma File No. NCS-
762885-13-SA1
received October 10, 2017
	 Maitland Promenade II

495 N. Keller Road Maitland, FL
	 	KBS SOR Maitland Promenade II, LLC	 	Owner’s Policy No. NCS-17791298 January 2, 2014	 	First American Title Insurance Company	 	Title Commitment Number NCS-
762885-14-SA1
dated September 15, 2017	 	ALTA Owner’s Policy Pro Forma File No. NCS-
762885-14-SA1,
received September 29, 2017
	 Plaza Bellevue

10800 and 10900 NE 8th Street Bellevue, WA
	 	KBS SOR Plaza Bellevue, LLC	 	 Owner’s Policy No. 1345545

January 15, 2014
	 	First American Title Insurance Company	 	Title Commitment Number NCS-
762885-08-SA1
dated September 22, 2017	 	ALTA Owner’s Policy Pro Forma File No. NCS-
762885-08-SA1,
received October 2, 2017.

  
 EXHIBIT B 

Page 33 

 EXHIBIT D 

Wire Instructions for Return of Closing Funds Upon a Termination 

Buyer: 
 TBD – Buyer to provide prior to execution. 

Bridge Lenders: 
 TBD – Bridge lenders to provide prior to
execution. 

  
 EXHIBIT B 

Page 34 

 EXHIBIT C 

List of Contracts 
 KBS SOR Northridge, LLC

  

					
	Vendor Name	  	Description of Service	  	Contract Date
			
	Armor Lock	  	Camera/Building Access	  	7/20/2015
	Vertical Systems	  	Elevator	  	5/1/2015
	Comcast	  	Elevator Phones/ Emergency	  	2/18/2015
	Color Burst	  	Exterior Color Landscaping	  	4/22/2015
	Gibson	  	Exterior Landscaping	  	2/16/2015
	Alliance Fire Protection	  	Fire/Life Safety	  	5/1/2015
	Prime Power	  	Generator - 365	  	3/22/2016
	Prime Power	  	Generator - 375	  	3/22/2016
	Prestige Mechanical Contractors	  	HVAC	  	2/18/2016
	Building Cleaning Solutions	  	Janitorial	  	5/1/2011
	Allgood Pest Solutions	  	Pest Control	  	4/1/2017
	Walden Security	  	Security	  	8/30/2016
	Waste Pro	  	Trash Removal/ Recycling	  	2/18/2016
	ChemTreat	  	Water Treatment	  	5/1/2011
	Everclear	  	Window Washing	  	7/28/2016
	Superior Photocopy of Atlanta	  	Copier	  	9/4/2013
	Impak	  	Work Order System	  	8/23/2016

  
 EXHIBIT C 

Page 1 

 KBS SOR Iron Point, LLC 

 

					
	Vendor Name	  	Description of Service	  	Contract Date
			
	Otis Elevator	  	Quarterly service for elevator located at 1110 Iron Point Road	  	1/14/2017
	Otis Elevator	  	Quarterly service for elevator located at 1130 Iron Point Road	  	1/14/2017
	Otis Elevator	  	Quarterly service for elevator located at 1180 Iron Point Road	  	1/14/2017
	Universal Protection Service	  	Security patrol services	  	2/1/2017
	Edwin V Gomes	  	T&M contract for as needed lighting services	  	2/1/2017
	Sunbelt Controls	  	HVAC ALC system maintenance	  	11/1/2016
	Solace Enterprises	  	T&M contract for HVAC repairs	  	
	Solace Enterprises	  	HVAC preventative maintenance agreement	  	3/14/2016
	Arborwell	  	Tree trimming service (one-time)	  	
	English Garden Care	  	Exterior landscape maintenance	  	2/14/2017
	Interior Plant Company	  	Interior plant maintenance	  	12/8/2012
	Pavone Enterprises (Champ Pest Control)	  	Monthly pest control services	  	2/17/2017
	Crown Building Maintenance (Able Services)	  	T&M building maintenance engineering services	  	2/16/2017
	Preferred Services Building Maintenance	  	Janitorial services	  	2/17/2017
	Century Lighting and Electric	  	Exterior lighting services	  	2/15/2017
	Restoration Management Company	  	Distaster restoration services (as needed)	  	
	Madsen Roofing and	  	T&M roof repair services	  	3/1/2017
	Waterproofing	  		  	
	City Wide Property Services	  	Parking lot sweeping services	  	
	Harbro of Northern California	  	Distaster restoration services (as needed)	  	
	Excel Fitness Solutions	  	Quarterly fitness center equipment preventative maintenance	  	
	Smoke Guard California	  	Semi-annual smoke guard testing	  	4/27/2016

  
 EXHIBIT C 

Page 2 

 KBS SOR 156th Avenue Northeast, LLC 

					
	Vendor Name	  	Description of Service	  	Contract Date
	Fire Chief	  	Fire Life Safety Testing	  	10/1/2014
	ABLE Services	  	Engineering Services	  	1/1/2016
	Janitorial Services	  	All Pro Building Maintenance	  	6/1/2016
	Republic Parking	  	Parking Management	  	6/22/2015
	CPI Security	  	Security Services	  	11/1/2013
	Davidson Macri	  	Lot Sweeping	  	11/1/2013
	Hermanson	  	Boiler Preventative Maintenance	  	6/13/2016
	Trane	  	HVAC Controls Prevenative Maintenance	  	12/18/2014
	Trane	  	HVAC Preventative Maintenance	  	12/1/2016
	Signature Landscape Services	  	Exterior Landscape	  	3/1/2017
	ThyrseenKrupp	  	Elevator Preventative Maintenance	  	5/1/2013

  
 EXHIBIT C 

Page 3 

 KBS SOR Powers Ferry Landing East, LLC 

 

					
	Vendor Name	  	Description of Service	  	Contract Date
			
	Vertical Systems	  	Elevator	  	3/21/2013
	Gibson Landscape	  	Exterior Landscaping	  	4/1/2015
	Alliance	  	Extinguisher/ Sprinkler Inspection	  	5/3/2017
	Dunn Services	  	Fire/Life Safety	  	4/1/2013
	Prime Power (6190)	  	Generator	  	1/13/2016
	Prestige Mechanical	  	HVAC	  	1/1/2017
	Fresh Structures	  	Interior Landscaping	  	6/13/2013
	AM-KO	  	Janitorial	  	6/13/2013
	Trutech	  	Pest Control	  	10/28/2014
	Walden Security	  	Security	  	10/3/2014
	Alliance	  	Sprinkler	  	5/3/2017
	Waste Pro	  	Trash Removal/ Recycling	  	2/23/2015
	Garratt Callahan	  	Water Treatment	  	8/6/2013
	Ever Clear	  	Window Washing	  	7/28/2016
	Custom Refinishing	  	Wood Maintenance	  	1/7/2015
	Superior Docs	  	Copier Lease	  	5/29/2014
	Comcast	  	Cable	  	7/21/2014

  
 EXHIBIT C 

Page 4 

 KBS SOR 1800 West Loop South, LLC 

 

					
	Vendor Name	  	Description of Service	  	Contract Date
			
	Allied Universal	  	Security services	  	1/1/2017
	Always in Season	  	Interior landscaping	  	1/1/2016
	Always in Season	  	Interior holiday décor	  	8/4/2016
	Angus	  	Work order system	  	1/10/2007
	Aquatrol	  	Water treatment	  	1/3/2017
	Champions Energy Services	  	Electricity	  	3/11/2016
	Classic Protection	  	Fire alarm monitoring	  	1/5/2017
	Dahill/CIT	  	Copier Lease	  	5/8/2012
	Environmental Coalition	  	Monthly pest control	  	1/3/2017
	Fikes of Houston	  	Restroom air freshener	  	1/1/2016
	Hunton Services	  	Quarterly EMS preventative maintenance	  	1/5/2017
	Hunton Services	  	Quarterly elevator room HVAC preventative maintenance	  	1/5/2017
	ISS Facility Services	  	Janitorial	  	8/5/2016
	JOBS	  	Window washing - all floors	  	3/21/2017
	Kings III	  	Elevator emergency phones	  	2/2/2017
	Lee Quigley	  	Quarterly elevator metal maintenance	  	2/2/2017
	Mueller Water	  	Water conditioning and pipe corrosion	  	1/5/2017
	Conditioning	  	inhibitor	  	
	OP Waste	  	Trash removal	  	1/1/2017
	Power Pro-Tech	  	Quarterly and annual generator inspections	  	1/25/2017
	Texas Tropical	  	Exterior landscaping; interior fresh cut flowers	  	11/7/2016
	ThyssenKrupp	  	Elevator service	  	7/15/2013
	Water Logix	  	Water management service	  	11/28/2016

  
 EXHIBIT C 

Page 5 

 KBS SOR 6565-6575 West Loop South, LLC 

 

					
			
	Vendor Name	  	Description of Service	  	Contract Date
			
	Taylor Water Proofing	  	Garage Ramp Support	  	1/12/2017
	Hunton Services	  	BAS Maintenance	  	2/3/2017
	AMST/JOBS	  	Regular Exterior Window Cleaning	  	2/15/2017
	Comm Air, Inc	  	Annual AHU Insp & Eddy Current Test	  	2/22/2017
	Classic Protection	  	Blanket	  	2/28/2017
	Comm Air, Inc	  	Blanket	  	2/27/2017
	AMST/JOBS	  	Blanket	  	5/1/2017
	Romano Contractors	  	6565 - Suite 115	  	3/17/2017
	Meridian Constructors, LLC	  	6565 - Suite 850	  	3/17/2017
	C.F. McDonald Electric	  	Fire Pump Controller Repairs	  	3/17/2017
	Capital Fire Protection	  	Fire Pump Controller Repairs	  	3/17/2017
	Yeti Sunshine	  	Tenant Event	  	4/3/2017
	TouchSource	  	6565 - Touchscreen Directory	  	4/12/2017
	Bosshammer Glass	  	Blanket	  	5/1/2017
	Sitek Omni	  	Ste 560 Asbestos	  	5/2/2017
	United Protective Services	  	2017 Security Contract	  	5/23/2017
	Gulf Coast Flooring	  	Blanket	  	6/1/2017
	Silversand Services	  	Weathermatic Smartline Controllers	  	6/29/2017
	Unified V & D	  	6565 Camera Installation	  	6/29/2017
	Unified V & D	  	6575 Camera Installation	  	6/29/2017
	Modern Pest Control	  	Monthly Pest Control	  	7/30/2017
	Taylor Waterproofing	  	Ramp Repair	  	7/30/2017
	AMST/JOBS	  	Glass Replacement in Elevator Cab #2 6565	  	7/10/2017
	Taylor Waterproofing	  	Barrier Cable Repair	  	7/28/2017
	Method Architecture	  	Rand Group Suite 420 Designs	  	8/3/2017
	NorCole	  	Suite 100 HVAC, common area bracing, & fire hose	  	8/3/2017
	Romano Contractors	  	6575 WLS Suite 260	  	8/11/2017
	Texas Tropical	  	Holiday Decorations	  	10/4/2017
	Signworx	  	Blanket	  	8/17/2017
	NorCole	  	Blanket	  	9/20/2017
	Peak Roofing	  	Blanket	  	9/26/2017
	Event Catering	  	Fall Party	  	9/26/2017
	Hunton Services	  	Blanket	  	9/28/2017
	Lee Quigley	  	Blanket	  	10/3/2017
	Graco	  	Fire Barrier Wrap in Mechanical Rooms	  	10/9/2017
	Graco	  	Blanket	  	10/9/2017

  
 EXHIBIT C 

Page 6 

					
		  	Suite 708 Lloyd Engineering Expansion	  	10/10/2017
	Herring Construction	  	2017	  	

  
 EXHIBIT C 

Page 7 

 KBS SOR Austin Suburban Portfolio, LLC (Great Hills Plaza) 

 

					
			
	Vendor Name	  	Description of Service	  	Contract Date
			
	PJS	  	Air Neturalizing	  	1/1/2017
	Corporate Care	  	Carpet Restoration	  	1/1/2017
	National Elevator Maintenance Agreement services by ThyssenKrupp Elevator Corporation	  	Elevator	  	3/28/2013
	Great Texas Landscape	  	Exterior Landscape	  	1/1/2017
	Koetter	  	Fire Protection	  	1/1/2017
	Clifford Power Systems	  	Generator	  	1/1/2016
	Cool Services	  	HVAC Maintenance	  	1/1/2017
	Kleen Air	  	HVAC Filters	  	1/1/2017
	Texas Tropical	  	Interior Landscape	  	1/1/2017
	PJS	  	Janitorial	  	1/1/2017
	ABC Pest Control	  	Pest Control	  	1/1/2017
	Return2Natural	  	Pond Maintenance	  	1/1/2017
	Priebe	  	Security	  	1/1/2017
	AirCo	  	Sump Pump Maintenance	  	1/1/2017
	Progressive (WC of Texas)	  	Trash and Recycling	  	1/1/2017
	High Altitude	  	Window Washing	  	1/1/2017

  
 EXHIBIT C 

Page 8 

 KBS SOR Austin Suburban Portfolio, LLC (Westech 360) 

 

					
			
	Vendor Name	  	Description of Service	  	Contract Date
	PJS	  	Air Neturalizing	  	1/1/2017
	Corporate Care	  	Carpet Restoration	  	1/1/2017
	National Elevator Maintenance Agreement services by- ThyssenKrupp Elevator Corporation	  	Elevator	  	3/28/2013
	Great Texas Landscape	  	Exterior Landscape	  	1/1/2017
	Koetter	  	Fire Protection	  	1/1/2017
	Cool Services	  	HVAC Maintenance	  	1/1/2017
	Kleen Air	  	HVAC Filters	  	1/1/2017
	Texas Tropical	  	Interior Landscape	  	1/1/2017
	PJS	  	Janitorial	  	1/1/2017
	Mirror Lawn Turf	  	Lot Sweep	  	1/1/2017
	ABC Pest Control	  	Pest Control	  	1/1/2017
	Return2Natural	  	Pond Maintenance	  	1/1/2017
	Austin Pressure Wash	  	Pressure Wash	  	1/1/2017
	Priebe	  	Security	  	1/1/2017
	Progressive (WC of Texas)	  	Trash and Recycling	  	1/1/2017
	Worth Hydrochem of Austin	  	Water Treatment	  	1/1/2017
	High Altitude	  	Window Washing	  	1/1/2017

  
 EXHIBIT C 

Page 9 

 KBS SOR Westmoor Center, LLC 

					
	Vendor Name	  	Description of Service	  	Contract Date
	Advantage Security Inc	  	Security/Shuttle Services	  	1/1/2016
	Bob Popp Building	  	Window Washing	  	1/1/2016
	Services Inc	  		  	
	Bristol Botanics Inc	  	Interior Landscaping	  	1/1/2016
	Groundmasters/SMS	  	Exterior Landscaping	  	1/1/2017
	Groundmasters/SMS	  	Snow Removal	  	1/1/2017
	Hartco Inc	  	Parking Lot Sweeping	  	1/1/2016
	Master Klean Janitorial Inc	  	Janitorial	  	1/1/2017
	Reidy Metal Services Inc	  	Metal maintenance	  	1/1/2016
	Rocky Mountain Low Voltage Inc	  	Fire Alarm Monitoring	  	1/1/2016
	ThyssenKrupp	  	Elevators	  	6/12/2013
	Waste Management Of Colorado Inc	  	Trash/Recyling	  	1/1/2016
	Wright Pest Control Inc	  	Pest Control	  	8/1/2015
	American Backflow	  	Backflow Inspections/Repairs	  	2/1/2017
	Consu & Svcs Inc	  		  	
	Hot Shot Infrared Inspections Inc	  	Infrared Testing/Repairs	  	1/1/2016
	Fire Alarm Services Inc	  	Fire Alarm/Sprinklers	  	7/26/2016
	Long Building Technologies Inc	  	HVAC	  	7/26/2016

  
 EXHIBIT C 

Page 10 

							
	KBS SOR Maitland Promenade II, LLC	  	
	Vendor Name	  	Description of Service	  	Contract Date
	Waterhouse Corporation	  	Cooling tower treatment	  	2/22/2017
	Cummins Power South	  	Emergency generator inspection and load test	  	8/16/2016
	Valleycrest Landscape	  	Exterior landscape maintenance	  	5/1/2015
	Randall Mechanical	  	Fire sprinkler inspections	  	10/16/2017
	Trane U.S. Inc.	  	Hvac maintenance	  	1/1/2017
	Perfect Plants	  	Interior landscape maintenance	  	7/1/2016
	Interiorscape	  		  		  	
	HPI	  	Janitorial service	  	2/16/2017
	Blown Away, LLC	  	Powersweeping	  	1/1/2015
	Orlando Waste Paper	  	Recycling	  	1/1/2015
	AlliedBarton Security	  	Security service	  	1/1/2015
	A-1 Orange Cleaning Service	  	Window cleaning	  	7/1/2016
	TefftNet, Inc.	  	Work Order System	  	8/31/2016

  
 EXHIBIT C 

Page 11 

					
	 KBS SOR Plaza Bellevue, LLC
  
	  	
	 Vendor Name
	  	Description of Service	  	Contract Date
			
	Able Engineering Svs	  	Engineers	  	1/01/2016
	Ace Parking Mgmt	  	Parking Garage Operator	  	1/03/2014
	Advance Fire & Safety	  	Fire Extinguisher Inspection	  	12/30/2014
	Advanced Painting	  	Painting	  	6/01/2015
	Allegiant Partners (Fitness	  		  	
	Center Equip)	  	Workout Equipment Rental	  	1/10/2015
	Allied Universal Security	  	Security	  	1/31/2015
	Ambius	  	Building Scent	  	11/23/2015
	Aramark	  	Uniforms, towels, mats	  	5/06/2014
	ATS Automation	  	HVAC Controls Plaza Center	  	1/01/2014
	Botanical Design	  	Interior Landscaping	  	12/23/2015
			
	Building Engines	  	Work Order Plate form	  	1/22/2014
			
	Captivate	  	Elevator TV communications	  	11/24/2015
	Cascade Bldg Maintenance	  	Window Washing	  	8/23/2016
	Chem Aqua	  	Water Treatment	  	12/31/2014
	Columbia Fire	  	Confidence Testing	  	1/31/2015
	Comcast Cable	  	Internet-TV	  	1/01/2015
	Generator Services NW	  	Generator Services	  	3/26/2014
	Guardian Security	  	Fire Alarm Testing & Inspection	  	3/26/2014
	JC Ehrlich Co DBA Eden	  		  	
	Advanced Pest Tech,	  		  	
	Rentokil	  	Pest Control	  	3/01/2015
	Level 3	  	Voice and Internet	  	1/12/2015
	Long Building Tech	  	HVAC Services	  	8/23/2016
			
	MetTel	  	Cell Phones Engineers and Day Porters	  	11/04/2014
	Mgmt Services NW	  	Snow and Ice Removal	  	12/04/2014
	Morup Signs	  	Building Signage	  	12/31/2014
	Muzak	  	Lobby Music	  	3/18/2015
	Nelson Petroleum	  	Generator Fuel	  	12/09/2015
	Otis	  	Elevator Maintenance	  	3/17/2015
	Pacific Office Automation	  	Copy Machine	  	1/12/2016
	Post Bronze	  	Steel Refinishing	  	5/03/2017
	Pride Electric	  	Electrical Maintenance	  	12/31/2014
	PSF Mechanical	  	Chiller Maintenance USB	  	3/26/2014
	Richardson Bottling	  		  	
	Company DBA Mountain	  		  	
	Mist	  	Office Water Service	  	1/31/2015
	RFI	  	Security System	  	10/31/2016
	Seattle Building Maintenance	  	Janitorial	  	3/25/2017

  
 EXHIBIT C 

Page 12 

					
	Signature Landscape	  	Exterior Landscaping	  	1/03/2015
	Sno-Valley	  	Chiller Maintenance Plaza Center	  	1/03/2015
	Washington Alarm	  	Alarm Monitoring	  	12/31/2014

  
 EXHIBIT C 

Page 13 

 EXHIBIT C-1 

List of Leases 
 KBS SOR Northridge, LLC

					
	Tenant	  	Document	  	Date
	Allstar Financial	  	Lease	  	6/30/2013
	Allstar Financial	  	1st Amendment	  	5/8/2016
			
	CMO Compliance	  	Lease	  	1/26/2015
	CMO Compliance	  	Vacancy	  	8/31/2017
			
	Kuck Immigration	  	Lease	  	4/30/2014
	Kuck Immigration	  	1st Amendment	  	9/5/2017
			
	McKim & Creed, Inc.	  	Lease	  	9/17/2014
			
	Nolan Transportation Group	  	Lease	  	12/15/2014
	Nolan Transportation Group	  	1st Amendment	  	6/3/2015
	Nolan Transportation Group	  	2nd Amendment	  	8/6/2015
	Nolan Transportation Group	  	3rd Amendment	  	10/14/2015
			
	Aslan Training and	  	Lease	  	12/8/2015
	Development	  		  	
			
	Calero Software	  	Lease	  	9/29/2012
			
	Omnipoint US, LLC	  	Lease	  	7/8/2013
	(Companion)	  		  	
	Omnipoint US, LLC	  	1st Amendment	  	12/8/2014
	(Companion)	  		  	
	Omnipoint US, LLC	  	Vacancy	  	3/31/2017
	(Companion)	  		  	
			
	DHI	  	Lease	  	1/15/2016
	DHI	  	1st Amendment	  	7/5/2017
			
	DSKL	  	Lease	  	8/18/2015
			
	Franchise Opportunities	  	Lease	  	2/20/2013
	Franchise Opportunities	  	1st Amendment	  	7/28/2016
			
	General Dynamics	  	Lease	  	1/19/2016

  
 EXHIBIT C-1 

Page 1 

 
					
	Georgia Concrete & Products	  	Lease	  	10/7/2013
	Assoc.	  		  	
			
	Hire Velocity	  	Lease	  	5/3/2012
			
	Mercury Insurance	  	Lease	  	4/27/2007
	Mercury Insurance	  	1st Amendment	  	4/19/2012
			
	OneSource Relocation	  	Lease	  	6/6/2013
	OneSource Relocation	  	1st Amendment	  	2/22/2016
			
	Phoenix Atlanta	  	Lease	  	7/6/2012
		  	Vacancy	  	7/31/2017
		  	KBS write-off auth.	  	8/25/2017
			
	Roberts Capital	  	Lease	  	2/19/2014
	Roberts Capital	  	1st Amendment	  	8/12/2016
	Roberts Capital	  	2nd Amendment	  	8/24/2017
			
	Scoring Solutions	  	Lease	  	3/11/2013
			
	Skybridge Global Inc.	  	Lease	  	5/8/2016
			
	T-Mobile	  	Lease	  	1/17/2003
	T-Mobile	  	1st Amendment	  	12/17/2007
	T-Mobile	  	2nd Amendment	  	12/19/2012
	T-Mobile	  	3rd Amendment	  	12/19/2014
			
	Williamson Advisory	  	Lease	  	3/26/2012
	Williamson Advisory	  	1st Amendment	  	6/1/2016
	Williamson Advisory	  	2nd Amendment	  	8/21/2017
			
	Woolpert	  	Lease	  	2/25/2008
	Woolpert	  	1st Amendment	  	5/31/2013
			
	Xpedited Delivery & Logistics	  	Lease	  	9/9/2015
			
	Your Profile Insights	  	Lease	  	2/23/2016
			
	Strunk	  	Lease	  	11/6/2015

  
 EXHIBIT C-1 

Page 2 

 KBS SOR Iron Point, LLC 

							
	Tenant	  	Document	  	Date	  	Suite
	FPI Management	  	Lease	  	8/15/2014	  	120
	FPI Management	  	1st Amendment	  	9/14/2014	  	120
	FPI Management	  	2nd Amendment	  	8/31/2015	  	140
	FPI Management	  	3rd Amendment	  	1/20/2016	  	100
				
	Iron Point Financial Advisors	  	Lease	  	1/26/2006	  	160
	Iron Point Financial Advisors	  	1st Amendment	  	7/20/2006	  	160
	Iron Point Financial Advisors	  	2nd Amendment	  	10/18/2011	  	160
	Iron Point Financial Advisors	  	3rd Amendment	  	4/21/2017	  	160
				
	Sierra Pacific Mortgage	  	2nd Amendment	  	5/3/2016	  	180
				
	WLC Architects	  	Lease	  	9/3/1999	  	200
	WLC Architects	  	1st Amendment	  	1/5/2001	  	200
	WLC Architects	  	2nd Amendment	  	12/23/2004	  	200
	WLC Architects	  	3rd Amendment	  	8/26/2009	  	200
	WLC Architects	  	4th Amendment	  	10/3/2014	  	200
				
	BBSI	  	Lease	  	3/26/2013	  	220
	BBSI	  	Consent to Sublease	  	9/29/2017	  	220
				
	Wells Fargo	  	Lease	  	2/25/2000	  	250
	Wells Fargo	  	1st Amendment	  	11/22/2002	  	250
	Wells Fargo	  	2nd Amendment	  	3/11/2008	  	250
	Wells Fargo	  	3rd Amendment	  	1/24/2013	  	250
	Wells Fargo	  	4th Amendment	  	4/25/2015	  	250
				
	Redfin	  	Lease	  	12/29/2014	  	290
				
	Ronald Melchin Law	  	Lease	  	3/23/2000	  	100
	Ronald Melchin Law	  	1st Amendment	  	11/9/2004	  	100
	Ronald Melchin Law	  	2nd Amendment	  	4/12/2007	  	100
	Ronald Melchin Law	  	3rd Amendment	  	3/9/2009	  	100
	Ronald Melchin Law	  	4th Amendment	  	4/16/2012	  	100
				
	Pro Unlimited	  	6th Amendment	  	4/21/2017	  	110
	Pro Unlimited	  	2nd Amendment	  	12/20/2013	  	130
	Pro Unlimited	  	2nd Amendment	  	12/20/2013	  	135
	Pro Unlimited	  	2nd Amendment	  	12/20/2013	  	140
	Pro Unlimited	  	4th Amendment	  	1/21/2016	  	150
	Pro Unlimited	  	5th Amendment	  	5/3/2016	  	150

  
 EXHIBIT C-1 
 Page 3 

 
							
	Pro Unlimited	  	6th Amendment	  	4/21/2017	  	170
	Pro Unlimited	  	6th Amendment	  	4/21/2017	  	190
				
	Pacific Investments	  	Lease	  	3/24/2010	  	100
	Pacific Investments	  	1st Amendment	  	11/24/2014	  	100
	Pacific Investments	  	2nd Amendment	  	10/11/2016	  	100
				
	Aring Wealth Management	  	Lease	  	5/4/2015	  	135
				
	Fortuna	  	Lease	  	11/9/2015	  	140
				
	Ameriprise	  	Lease	  	3/24/2014	  	150
				
	Comcast	  	Lease	  	11/19/2012	  	160
				
	Smith, Robertson, Johnson	  	Lease	  	1/26/2012	  	170
	Smith, Robertson, Johnson	  	1st Amendment	  	11/14/2016	  	170
				
	Wells Fargo Home Mortgage	  	Lease	  	7/31/2007	  	238
	Wells Fargo Home Mortgage	  	1st Amendment	  	3/3/2008	  	238
	Wells Fargo Home Mortgage	  	2nd Amendment	  	1/18/2010	  	238
	Wells Fargo Home Mortgage	  	3rd Amendment	  	11/21/2011	  	238
	Wells Fargo Home Mortgage	  	4th Amendment	  	7/6/2012	  	238
	Wells Fargo Home Mortgage	  	5th Amendment	  	9/20/2016	  	238
				
	Ingram Entertainment	  	Lease	  	9/22/2014	  	288
				
	Pro Unlimited	  	Lease	  	8/23/2012	  	100
	Pro Unlimited	  	1st Amendment	  	7/9/2013	  	100
	Pro Unlimited	  	2nd Amendment	  	12/20/2013	  	100
	Pro Unlimited	  	4th Amendment	  	1/21/2016	  	100
	Pro Unlimited	  	5th Amendment	  	5/3/2016	  	100
	Pro Unlimited	  	6th Amendment	  	4/21/2017	  	100
	Pro Unlimited	  	7th Amendment	  	4/28/2017	  	100
				
	Sue’s Deli	  	Lease	  	1/1/2014	  	150
				
	Pro Unlimited	  	1st Amendment	  	7/9/2013	  	185
				
	1st American Mortgage	  	Lease	  	2/27/2015	  	100
				
	Starch Concrete	  	Lease	  	3/30/2016	  	120

  
 EXHIBIT C-1 

Page 4 

 
							
	Stewart Title	  	Lease	  	1/18/2012	  	125
	Stewart Title	  	1st Amendment	  	3/27/2015	  	125
				
	Coldwell Banker	  	Lease	  	9/16/2011	  	130
	Coldwell Banker	  	1st Amendment	  	3/27/2015	  	130
				
	Placer Title	  	Lease	  	8/7/2012	  	140
	Placer Title	  	1st Amendment	  	9/19/2017	  	140
				
	Sierra Pacific Mortgage	  	3rd Amendment	  	6/7/2017	  	145
				
	Whiting Turner	  	4th Amendment	  	5/19/2017	  	150
				
	Staszak & Company	  	Lease	  	8/29/2011	  	160
	Staszak & Company	  	1st Amendment	  	5/9/2017	  	160
				
	Staszak & Company	  	1st Amendment	  	5/9/2017	  	170
				
	Moseley Collins	  	Lease	  	1/24/2017	  	180
				
	Old Republic Title	  	Lease	  	3/4/2016	  	190
				
	Sierra Pacific Mortgage	  	Lease	  	4/13/2012	  	200
	Sierra Pacific Mortgage	  	1st Amendment	  	7/17/2013	  	200
	Sierra Pacific Mortgage	  	2nd Amendment	  	5/3/2016	  	200
	Sierra Pacific Mortgage	  	3rd Amendment	  	6/7/2017	  	200
				
	Sierra Pacific Mortgage	  	1st Amendment	  	7/17/2013	  	240
	Sierra Pacific Mortgage	  	3rd Amendment	  	6/7/2017	  	240
				
	Sierra Pacific Mortgage	  	1st Amendment	  	7/17/2013	  	250
	Sierra Pacific Mortgage	  	3rd Amendment	  	6/7/2017	  	250
				
	Peterson Brustad	  	Lease	  	6/15/2006	  	260
	Peterson Brustad	  	1st Amendment	  	7/20/2009	  	260
	Peterson Brustad	  	2nd Amendment	  	1/31/2012	  	260
	Peterson Brustad	  	3rd Amendment	  	3/27/2015	  	260
				
	CorVel	  	Lease	  	1/31/2013	  	300
				
	Aerojet	  	Lease	  	6/28/2013	  	350
	Aerojet	  	Consent to Sublease	  	6/9/2017	  	350

  
 EXHIBIT C-1 
 Page 5 

 KBS SOR 156th Avenue Northeast, LLC 

					
	Tenant Name	  	Document Name	  	Date
	Advanced Micro Devices, Inc., a Delaware corporation	  	Office Building Lease	  	5/26/2004
	Advanced Micro Devices, Inc., a Delaware corporation	  	First Amendment to Uniguard Park Office Building Lease	  	6/13/2005
	Advanced Micro Devices, Inc., a Delaware corporation	  	Parking Allocation Letter	  	5/7/2012
	Advanced Micro Devices, Inc., a Delaware corporation	  	Third Amendment to Office Building Lease	  	5/13/2013
			
	Comcast Cable Communications Management, LLC, a Delaware limited liability company	  	License Agreement	  	7/17/2014
			
	Grant Thornton LLP, an Illinios limited liabilty partnership	  	Office Lease	  	1/9/2013
	Grant Thornton LLP, an Illinios limited liabilty partnership	  	Tenant’s Commencement Letter	  	3/13/2013
	Grant Thornton LLP, an Illinios limited liabilty partnership	  	Consent By Landlord to Assignment and Assumption of Lease	  	3/13/2017
			
	Groinger & Co., Inc., a Washington corporation	  	Office Lease	  	5/25/2013
	Groinger & Co., Inc., a Washington corporation	  	Tenant’s Commencement Letter	  	8/8/2013
			
	Harman Connected Services Technologies Private Limited	  	Aditi Technologies Unigard Park Phase III Office Building Lease	  	5/11/2000
	Harman Connected Services Technologies Private Limited	  	First Amendment to Aditi Technologies Unigard Park Phase III Office Building Lease	  	9/22/2000
	Harman Connected Services Technologies Private Limited	  	Second Amendment to Aditi Technologies Unigard Park Phase III Office Building Lease	  	10/25/2000
	Harman Connected Services Technologies Private Limited	  	Fifth Amendment to Aditi Technologies Unigard Park Phase III Office Building Lease	  	1/1/2001
	Harman Connected Services Technologies Private Limited	  	Third Amendment to Aditi Technologies Unigard Park Phase III Office Building Lease	  	8/10/2007

  
 EXHIBIT C-1 

Page 6 

					
	Harman Connected Services Technologies Private Limited	  	Fourth Amendment to Aditi Technologies Unigard Park Phase III Office Building Lease	  	11/15/2007
	Harman Connected Services Technologies Private Limited	  	Seventh Amenment to Office Building Lease	  	6/27/2016
	Harman Connected Services Technologies Private Limited	  	Sixth Amendment to Aditi Technologies Unigard Park Phase III Office Building Lease	  	11/22/2020
			
	Hitachi Consulting Corporation, a Delaware corporation	  	Office Building Lease	  	4/8/2015
	Hitachi Data Systems Corporation, a Delaware corporation	  	Office Building Lease	  	5/26/2010
	Hitachi Data Systems Corporation, a Delaware corporation	  	First Amendment to Uniguard Park Office Building Lease	  	4/10/2012
	Hitachi Data Systems Corporation, a Delaware corporation	  	Second Amendment to Office Building Lease	  	3/21/2013
	Hitachi Data Systems Corporation, a Delaware corporation	  	Third Amendment to Office Building Lease	  	6/30/2014
			
	Inspur USA, Inc., a Washington corporation	  	Office Lease	  	6/30/2015
	Inspur USA, Inc., a Washington corporation	  	Tenant’s Commencement Letter	  	10/20/2015
	Inspur USA, Inc., a Washington corporation	  	First Amendment to Office Lease	  	6/26/2016
	Inspur USA, Inc., a Washington corporation	  	Tenant’s Commencement Letter	  	9/29/2016
			
	Intergen North America Limited, a Washington corporation	  	Office Lease	  	12/22/2014
	Intergen North America Limited, a Washington corporation	  	Tenant’s Commencement Letter	  	6/29/2015
	Intergen North America Limited, a Washington corporation	  	First Amendment to Office Lease	  	9/17/2017
			
	MOD Super Fast Pizza, LLC, a Delaware limited liability corporation	  	Office Lease	  	12/22/2014

  
 EXHIBIT C-1 
 Page 7 

 
					
	MOD Super Fast Pizza, LLC, a Delaware limited liability corporation	  	First Amendment to Office Lease	  	6/18/2015
	MOD Super Fast Pizza, LLC, a Delaware limited liability corporation	  	Tenant’s Commencement Letter	  	12/2/2015
	MOD Super Fast Pizza, LLC, a Delaware limited liability corporation	  	Second Amendment to Office Lease	  	9/19/2017
			
	Provoke Solutions, Inc., a Washington corporation	  	Office Lease	  	10/11/2017
			
	RGN-Bellevue V, LLC, a Delaware limited liability company	  	Office Building Lease	  	5/24/2007
	RGN-Bellevue V, LLC, a Delaware limited liability company	  	First Amendment to Lease	  	11/30/2011
	RGN-Bellevue V, LLC, a Delaware limited liability company	  	Second Amendment to Office Building Lease	  	7/22/2014
			
	SUHRCO Management, Inc., a Washington corportion	  	Office Building Lease First Amendment to SUHRCO	  	3/15/2002
	SUHRCO Management, Inc., a Washington corportion	  	Management, Inc. Unigard Park Phase III Office Building Lease Second Amendment to SUHRCO	  	6/15/2002
	SUHRCO Management, Inc., a Washington corportion	  	Management, Inc. Unigard Park Phase III Office Building Lease Third Amendment to SUHRCO	  	4/20/2005
	SUHRCO Management, Inc., a Washington corportion	  	Management, Inc. Unigard Park Phase III Office Building Lease	  	8/10/2010
	SUHRCO Management, Inc., a Washington corportion	  	Fourth Amendment to Office Building Lease	  	7/8/2013
	SUHRCO Management, Inc., a Washington corportion	  	Fifth Amendment to Office Building Lease	  	2/22/2016
			
	Trane U.S., Inc., a Delaware corporation	  	Office Lease	  	3/4/2013
	Trane U.S., Inc., a Delaware corporation	  	Tenant’s Commencement Letter	  	9/16/2013
			
	tw Telecom of Washington LLC., a Delaware limited liabilty company	  	License Agreement	  	9/17/2014

  
 EXHIBIT C-1 

Page 8 

					
			
	Uniguard Insurance Company, a Wisconsin corporation	  	Office Lease	  	7/31/2012

  
 EXHIBIT C-1 

Page 9 

 KBS SOR Powers Ferry Landing East, LLC 

					
	Tenant	  	Document	  	Date
	Stern & Edlin	  	Lease	  	12/3/2013
	Stern & Edlin	  	1st Amendment	  	7/27/2015
			
	Georgia Banking Company	  	Lease	  	6/28/2002
	Georgia Banking Company	  	1st Amendment	  	7/12/2005
	Georgia Banking Company	  	2nd Amendment	  	11/5/2007
	Georgia Banking Company	  	3rd Amendment	  	3/28/2012
	Georgia Banking Company	  	4th Amendment	  	9/19/2012
	Georgia Banking Company	  	5th Amendment	  	11/18/2013
			
	Business Wise	  	Lease	  	9/7/1990
	Business Wise	  	1st Amendment	  	10/2/1995
	Business Wise	  	2nd Amendment	  	10/31/2000
	Business Wise	  	3rd Amendment	  	9/20/2002
	Business Wise	  	4th Amendment	  	9/1/2007
	Business Wise	  	5th Amendment	  	5/25/2012
	Business Wise	  	6th Amendment	  	5/8/2017
			
	Min Café	  	Lease	  	4/4/2006
	Min Café	  	1st Amendment	  	10/24/2010
	Min Café	  	2nd Amendment	  	4/1/2016
	Min Café	  	3rd Amendment	  	5/8/2016
			
	Management Search, Inc.	  	Lease	  	10/31/2013
			
	McGahee, Lacy & Associates, Inc.	  	Lease	  	10/24/2013
	McGahee, Lacy & Associates, Inc.	  	1st Amendment	  	5/19/2017
			
	Cornerstone Mortgage Group	  	Lease	  	10/25/2013
	Cornerstone Mortgage Group	  	1st Amendment	  	7/3/2017
			
	Southern Polymer	  	Lease	  	7/15/1998
	Southern Polymer	  	1st Amendment	  	6/26/2001
	Southern Polymer	  	2nd Amendment	  	11/15/2007
	Southern Polymer	  	3rd Amendment	  	11/16/2012
			
	Mortgage Guaranty Insurance Co.	  	Lease	  	10/25/2013

  
 EXHIBIT C-1 

Page 10 

 
					
	Premedex	  	Lease	  	10/25/2013
			
	Penton Media (informa)	  	Lease	  	10/25/2013
			
	ELCO	  	Lease	  	1/7/2015
			
	N3, LLC	  	Lease	  	1/7/2015
			
	White Horse Advisors	  	Lease	  	12/31/2013
			
	Fortress Brokerage	  	Lease	  	12/31/2013
			
	N3 (Georgia Banking sublease)	  	Sublease Agreement	  	7/22/2016
			
	Profitmaster	  	Lease	  	10/25/2013
			
	Benetech	  	Lease	  	10/25/2013
	Benetech	  	Termination Letter	  	8/9/2016
			
	Columbia Hospitality MGMT, LLC	  	Lease	  	10/25/2013
			
	LL Global Inc.	  	Lease	  	11/6/2013
	LL Global Inc.	  	1st Amendment	  	8/21/2014

  
 EXHIBIT C-1 

Page 11 

 KBS SOR 1800 West Loop South, LLC 

					
	Tenant Name	  	Document Name	  	Date
	Abovenet	  	Telecom License (original)	  	1/1/2003
	Abovenet	  	First Amendment	  	4/7/2008
	Abovenet	  	Telecom License (current)	  	2/1/2009
			
	American Petroleum Institute	  	Lease Agreement	  	4/24/2012
	American Petroleum Institute	  	First Amendment	  	12/16/2013
			
	Amigos De Las Americas	  	Lease Agreement (Bless Oilfield)	  	10/20/2014
	Amigos De Las Americas	  	Assignment of Office Lease - (Bless Oilfield to Amigos De Las Americas)	  	4/27/2016
			
	Arnel Investments	  	Lease Agreement	  	3/4/2005
			
	Balyasny Asset Management	  	Lease Agreement (Sound Energy Capital Management)	  	5/3/2006
	Balyasny Asset Management	  	First Amendment	  	8/7/2008
	Balyasny Asset Management	  	Second Amendment	  	8/17/2011
	Balyasny Asset Management	  	Consent to Assignment of Lease (Sound Energy to HTX Capital Management)	  	2/29/2012
	Balyasny Asset Management	  	Assignment and Assumption of Lease (HTX to Balyasny)	  	2/10/2014
	Balyasny Asset Management	  	Third Amendment	  	8/16/2016
			
	Drilling Info – Assigned to Barry Conge Harris	  	Lease Agreement	  	7/30/2012
			
	Bellelli USA (currently locked out)	  	Lease Agreement	  	12/4/2012
	Bellelli USA (currently locked out)	  	First Amendment	  	7/15/2013
	Bellelli USA (currently locked out)	  	Second Amendment	  	3/3/2016
			
	Caldwell Boudreaux Lefler	  	Lease Agreement	  	8/21/2013
	Caldwell Boudreaux Lefler	  	First Amendment	  	11/18/2015
			
	Cogent Communications	  	Telecom License	  	4/16/2001
	(currently at Mayer Brown)	  		  	
	Cogent Communications	  	First Amendment	  	3/13/2002
	(currently at Mayer Brown)	  		  	

  
 EXHIBIT C-1 

Page 12 

					
	Cogent Communications	  	Second Amendment	  	4/30/2008
	(currently at Mayer Brown)	  		  	
	Cogent Communications	  	Third Amendment	  	3/29/2011
	(currently at Mayer Brown)	  		  	
			
	Comcast	  	Telecom License	  	11/30/2010
			
	Cornerstone Government Affairs	  	Lease Agreement	  	12/17/2015
	Cornerstone Government Affairs	  	First Amendment	  	3/24/2017
			
	Cosmo Oil	  	Lease Agreement	  	6/16/2014
			
	Dennard Lascar Associates	  	Lease Agreement	  	2/8/2006
	Dennard Lascar Associates	  	First Amendment	  	12/6/2006
	Dennard Lascar Associates	  	Second Amendment	  	7/6/2007
	Dennard Lascar Associates	  	Third Amendment	  	12/16/2011
	Dennard Lascar Associates	  	Fourth Amendment	  	9/20/2017
			
	Edward Jones	  	Lease Agreement	  	2/27/2015
	Edward Jones	  	First Amendment	  	6/22/2015
			
	Endeavor Energy	  	Lease Agreement	  	6/8/2015
			
	EXP Energy	  	Lease Agreement	  	10/10/2011
	EXP Energy	  	First Amendment	  	6/12/2014
			
	Fogarty & Klein	  	Lease Agreement	  	6/19/2019
	Fogarty & Klein	  	First Amendment	  	2/29/2016
	Fogarty & Klein	  	Consent to Sublease (ChaiOne)	  	1/4/2016
	Fogarty & Klein	  	Consent to Sub-Sublease (ChaiOne – Qualitas Health)	  	5/26/2016
			
	General Services Administration	  	Lease Agreement	  	1/29/2008
			
	Health Care Service Corp	  	Lease Agreement	  	9/23/2011
	Health Care Service Corp	  	First Amendment	  	3/14/2012
			
	Holthouse Interests	  	Lease Agreement	  	5/11/1999
	Holthouse Interests	  	First Amendment	  	2/6/2002
	Holthouse Interests	  	Second Amendment	  	2/25/2005
	Holthouse Interests	  	Third Amendment	  	7/15/2005
	Holthouse Interests	  	Fourth Amendment	  	10/12/2009
	Holthouse Interests	  	Fifth Amendment	  	4/10/2015

  
 EXHIBIT C-1 

Page 13 

					
	Holthouse Interests	  	Sixth Amendment	  	6/21/2016
			
	Investment Marketing Resources	  	Lease Agreement (current)	  	4/21/2016
	Investment Marketing Resources	  	Lease Agreement (original)	  	7/24/1992
	Investment Marketing Resources	  	First Amendment	  	6/5/1995
	Investment Marketing Resources	  	Second Amendment	  	7/9/1997
	Investment Marketing Resources	  	Third Amendment	  	10/12/2001
	Investment Marketing Resources	  	Fourth Amendment	  	2/26/2008
	Investment Marketing Resources	  	Fifth Amendment	  	12/16/2010
	Investment Marketing Resources	  	Sixth Amendment	  	12/16/2011
	Investment Marketing Resources	  	Seventh Amendment	  	4/16/2012
			
	International Consultancy Americas	  	Lease Agreement	  	9/18/2014
	International Consultancy Americas	  	First Amendment	  	5/10/2017
			
	IINO Lines	  	Lease Agreement	  	8/14/2014
	IINO Lines	  	First Amendment	  	4/18/2016
			
	Institute of International Education	  	Lease Agreement	  	7/22/2008
	Institute of International Education	  	First Amendment	  	2/23/2015
			
	Italy-America Chamber of Commerce	  	Lease Agreement	  	11/25/2003
	Italy-America Chamber of Commerce	  	First Amendment	  	1/7/2008
	Italy-America Chamber of Commerce	  	Second Amendment	  	7/23/2012
	Italy-America Chamber of Commerce	  	Third Amendment	  	1/21/2015
			
	IJL Will Do	  	Lease Agreement	  	8/23/2006
	IJL Will Do	  	First Amendment	  	6/27/2011
	IJL Will Do	  	Second Amendment	  	10/25/2016
			
	Kentz – Subleased to Fitzpatrick Group	  	Lease Agreement	  	10/5/2011
	Kentz – Subleased to Fitzpatrick Group	  	Consent to Sublease	  	6/6/2016
			
	Knowledge Reservoir	  	Lease Agreement	  	8/26/2002

  
 EXHIBIT C-1 

Page 14 

					
	Knowledge Reservoir	  	First Amendment	  	6/22/2006
	Knowledge Reservoir	  	Second Amendment	  	12/21/2007
	Knowledge Reservoir	  	Third Amendment	  	12/4/2012
			
	TW Telecom	  	Telecom Agreement	  	7/1/1999
	TW Telecom	  	Utility Access Agreement	  	11/12/2004
			
	Logix	  	Telecommunications Lease	  	12/14/2015
		  	Agreement (current)	  	
	Logix	  	Telecom License (original)	  	6/20/2002
	Logix	  	First Amendment	  	7/1/2003
	Logix	  	Second Amendment	  	7/1/2005
	Logix	  	Third Amendment	  	7/1/2009
	Logix	  	Fourth Amendment	  	6/25/2010
	Logix	  	Fifth Amendment	  	8/17/2010
			
	North American Interpipe	  	Lease Agreement	  	8/13/2012
	North American Interpipe	  	First Amendment	  	8/14/2017
			
	Neel Hooper Banes	  	Lease Agreement	  	5/13/2011
	Neel Hooper Banes	  	First Amendment	  	7/27/2011
			
	Neste	  	Lease Agreement	  	3/15/2001
	Neste	  	First Amendment	  	8/15/2005
	Neste	  	Second Amendment	  	1/26/2007
	Neste	  	Third Amendment	  	5/3/2010
	Neste	  	Fourth Amendment	  	12/17/2015
	Neste	  	Fifth Amendment	  	1/11/2017
			
	Project Consulting Services	  	Lease Agreement	  	5/18/2006
	Project Consulting Services	  	First Amendment	  	2/25/2008
	Project Consulting Services	  	Second Amendment	  	12/16/2013
	Project Consulting Services	  	Third Amendment	  	2/27/2015
			
	Petroleum Pipe Americas	  	Lease Agreement	  	4/23/2002
	Petroleum Pipe Americas	  	First Amendment	  	4/1/2005
	Petroleum Pipe Americas	  	Second Amendment	  	5/28/2008
	Petroleum Pipe Americas	  	Third Amendment	  	5/12/2010
	Petroleum Pipe Americas	  	Fourth Amendment	  	4/13/2012
	Petroleum Pipe Americas	  	Fifth Amendment	  	5/13/2014
	Petroleum Pipe Americas	  	Sixth Amendment	  	6/1/2017
			
	Pierpont Communications	  	Lease Agreement	  	1996

  
 EXHIBIT C-1 

Page 15 

					
	Pierpont Communications	  	First Amendment	  	11/13/1998
	Pierpont Communications	  	Second Amendment	  	4/5/2001
	Pierpont Communications	  	Third Amendment	  	10/1/2004
	Pierpont Communications	  	Fourth Amendment	  	1/28/2011
	Pierpont Communications	  	Fifth Amendment	  	7/10/2014
			
	Professional Alternatives	  	Lease Agreement	  	1998
	Professional Alternatives	  	First Amendment	  	7/14/2003
	Professional Alternatives	  	Second Amendment	  	7/18/2008
	Professional Alternatives	  	Third Amendment	  	7/29/2011
	Professional Alternatives	  	Fourth Amendment	  	4/6/2017
			
	Quanex Building Products	  	Lease Agreement	  	8/13/2012
			
	Qwest (acquired by CenturyLink)	  	Telecom License	  	9/1/2001
	Qwest (acquired by CenturyLink)	  	Renewal	  	4/6/2006
	Qwest (acquired by CenturyLink)	  	Second Amendment	  	9/1/2011
			
	Roscoe Properties	  	Lease Agreement	  	5/2/2017
	Roscoe Properties	  	First Amendment	  	7/6/2017
			
	SDI Realty	  	Lease Agreement	  	9/5/2017
			
	Set Solutions	  	Lease Agreement	  	11/19/2014
			
	Skyline Deli	  	Lease Agreement	  	10/24/2011
	Skyline Deli	  	First Amendment	  	10/31/2008
			
	Wealth Enhancement Group (assignment from Sound Financial)	  	Lease Agreement	  	9/6/2012
	Wealth Enhancement Group (assignment from Sound Financial)	  	Sublease (Arcadian Real Estate Service)	  	5/23/2014
	Wealth Enhancement Group (assignment from Sound Financial)	  	Consent to Assignment and Assumption of Sublease	  	4/24/2015
	Wealth Enhancement Group (assignment from Sound Financial)	  	Lease Assignment Estoppel and Consent (Sound Financial to Wealth Enhancement Group)	  	Aug-16

  
 EXHIBIT C-1 

Page 16 

					
	Sparrowhawk	  	Lease Agreement	  	10/12/2011
	Sparrowhawk	  	First Amendment	  	1/15/2013
	Sparrowhawk	  	Second Amendment	  	11/18/2015
			
	Steve Shaper	  	Temporary Occupancy Agreement	  	1/14/2011
	Steve Shaper	  	Lease Agreement	  	12/4/2012
	Steve Shaper	  	First Amendment	  	7/27/2016
			
	Sueba	  	Lease Agreement	  	2/1/1984
	Sueba	  	First Amendment	  	7/18/1988
	Sueba	  	Second Amendment	  	7/18/1988
	Sueba	  	Third Amendment	  	7/1/1994
	Sueba	  	Fourth Amendment	  	11/1/1995
	Sueba	  	Fifth Amendment	  	1/18/2000
	Sueba	  	Sixth Amendment	  	6/30/2005
	Sueba	  	Seventh Amendment	  	8/6/2010
	Sueba	  	Eighth Amendment	  	4/24/2015
			
	Third Coast Bank	  	Lease Agreement	  	11/3/2010
	Third Coast Bank	  	First Amendment	  	7/16/2015
	Third Coast Bank	  	Second Amendment	  	5/26/2016
			
	Toshiba	  	Lease Agreement	  	6/8/2015
	Toshiba	  	First Amendment	  	8/18/2015
	Toshiba	  	Second Amendment	  	3/24/2017
			
	Verizon	  	Telecom Lease (current)	  	Feb-16
	Verizon	  	Telecom License (original)	  	2/19/2004
	Verizon	  	First Amendment	  	2/9/2009
	Verizon	  	Second Amendment	  	6/1/2010
			
	WECO USA (formerly Nordana)	  	Lease Agreement	  	11/14/2014
	WECO USA (formerly Nordana)	  	First Amendment	  	3/26/2015
			
	Westney Consulting Group	  	Lease Agreement	  	10/20/2014
			
	XO Communications	  	Telecom Lease Agreement	  	10/2/2017
			
	XO Communications – Nextlink	  	Telecom Lease Agreement (current)	  	3/19/2014
	(currently at Mayer Brown)	  		  	
	XO Communications – Nextlink	  	Telecom License (original)	  	9/1/2000
	(currently at Mayer Brown)	  		  	

  
 EXHIBIT C-1 

Page 17 

					
	XO Communications – Nextlink	  	First Amendment	  	8/11/2008
	(currently at Mayer Brown)	  		  	

  
 EXHIBIT C-1 

Page 18 

 KBS SOR 6565-6575 West Loop South, LLC 

					
			
	Tenant Name	  	Document Name	  	Date
			
	Ajit Thakur	  	Original	  	10/19/1999
	Ajit Thakur	  	1st Amendment	  	5/9/2000
	Ajit Thakur	  	2nd Amendment	  	1/13/2005
	Ajit Thakur	  	3rd Amendment	  	11/23/2010
	Ajit Thakur	  	4th Amendment	  	12/10/2016
	Andrew Williams & Assoc	  	Original	  	3/25/2017
	BBC USA Chartering	  	Original	  	8/29/2007
	BBC USA Chartering	  	1st Amendment	  	12/5/2007
	BBC USA Chartering	  	2nd Amendment	  	10/1/2013
	Bellaire Dermatology	  	Original	  	4/19/2005
	Bellaire Dermatology	  	1st Amendment	  	11/21/2005
	Bellaire Dermatology	  	2nd Amendment	  	Jul-06
	Bellaire Dermatology	  	3rd Amendment	  	9/28/2015
	Brown, Nelson, Frank & Giles	  	Original	  	4/22/2002
	Brown, Nelson, Frank & Giles	  	1st Amendment	  	7/31/2007
	Brown, Nelson, Frank & Giles	  	2nd Amendment	  	9/9/2008
	Brown, Nelson, Frank & Giles	  	3rd Amendment	  	9/25/2013
	Clinton Foster	  	Original	  	10/19/2015
	Clinton Foster	  	1st Amendment	  	9/1/2016
	Contemporary Medicine	  	Original	  	6/24/2003
	Contemporary Medicine	  	1st Amendment	  	7/12/2003
	Contemporary Medicine	  	2nd Amendment	  	Oct-04
	Contemporary Medicine	  	3rd Amendment	  	10/31/2006
	Contemporary Medicine	  	4th Amendment	  	1/4/2009
	Contemporary Medicine	  	5th Amendment	  	5/24/2012
	Contemporary Medicine	  	6th Amendment	  	11/25/2013
	Contemporary Medicine	  	7th Amendment	  	2/13/2017
	Denena & Points	  	Original	  	10/29/2015
	Dr. Jeffrey Schultz	  	Original	  	5/23/1996
	Dr. Jeffrey Schultz	  	1st Amendment	  	5/11/2006
	Dr. Jeffrey Schultz	  	2nd Amendment	  	Aug-09
	Dr. Jeffrey Schultz	  	3rd Amendment	  	Apr-12
	Dr. Jeffrey Schultz	  	4th Amendment	  	8/25/2015
	Exclusive Ventures	  	Original	  	8/6/2015
	Eye Centers of Texas	  	Original	  	9/28/2005
	Eye Centers of Texas	  	1st Amendment	  	7/28/2008
	Eye Centers of Texas	  	2nd Amendment	  	12/18/2015
	Guardian Healthcare Holdings	  	Original	  	8/16/2012
	Guardian Healthcare Holdings	  	1st Amendment	  	7/1/2016
	Guardian Healthcare Holdings	  	2nd Amendment	  	10/25/2016

  

  
 EXHIBIT C-1 
 Page 19 

 
					
	Heidi Seifert	  	Original	  	Jul-06
	Heidi Seifert	  	1st Amendment	  	4/30/2014
	Heidi Seifert	  	2nd Amendment	  	10/14/2014
	Lloyd Engineering	  	Original	  	6/2/2015
	Lloyd Engineering	  	1st Amendment	  	8/24/2017
	Lora Mason	  	Original	  	8/18/2004
	Lora Mason	  	1st Amendment	  	5/19/2014
	Management Office	  	Original	  	
	Marilu Berry & Judy Nunn	  	Original	  	1/20/2016
	Prostasia	  	Original	  	11/1/2004
	Prostasia	  	1st Amendment	  	6/30/2009
	Prostasia	  	2nd Amendment	  	12/22/2014
	Prostasia	  	3rd Amendment	  	9/30/2016
	Richard Rees	  	Original	  	10/28/2009
	Richard Rees	  	1st Amendment	  	9/25/2014
	Sandhya Prashad	  	Original	  	8/4/2016
	Sightline Health	  	Original	  	10/6/2011
	Sightline Health	  	Original	  	10/6/2011
	Sprintcom	  	Original	  	8/31/2001
	Sprintcom	  	1st Amendment	  	9/1/2001
	Synergy Healthcare	  	Original	  	3/12/2007
	Synergy Healthcare	  	1st Amendment	  	5/3/2007
	Synergy Healthcare	  	2nd Amendment	  	3/4/2008
	Synergy Healthcare	  	3rd Amendment	  	11/22/2013
	Synergy Healthcare	  	4th Amendment	  	2/7/2014
	The Jupiter Group	  	Original	  	11/14/2008
	The Jupiter Group	  	1st Amendment	  	3/7/2012
	The Jupiter Group	  	2nd Amendment	  	6/25/2014
	The Menninger Clinic	  	Original	  	9/24/2015
	Tim Woodson, Agent	  	Original	  	2/3/1999
	Tim Woodson, Agent	  	1st Amendment	  	1/9/2002
	Tim Woodson, Agent	  	2nd Amendment	  	Dec-04
	Tim Woodson, Agent	  	3rd Amendment	  	Jan-08
	Tim Woodson, Agent	  	4th Amendment	  	9/14/2010
	Tim Woodson, Agent	  	5th Amendment	  	1/28/2016
	Tommy’s Deli	  	Original	  	9/30/2008
	Tommy’s Deli	  	1st Amendment	  	1/1/2017
	TW Telecom of Texas	  	Original	  	8/31/2001
	TW Telecom of Texas	  	License Agreement	  	9/11/2008
	TW Telecom of Texas	  	License Agreement	  	8/31/2001
	Techknowledge Consulting	  	Original Lease	  	3/17/2009
	Techknowledge Consulting	  	1st Amendment	  	2/23/2011

  

  
 EXHIBIT C-1 
 Page 20 

 
					
	Techknowledge Consulting	  	2nd Amendment	  	4/3/2014
	Techknowledge Consulting	  	3rd Amendment	  	4/27/2016
	Techknowledge Consulting	  	4th Amendment	  	7/14/2017
	IQ Spectra	  	Original Lease	  	4/6/2016
	IQ Spectra	  	Original Lease	  	4/6/2016
	Jay Ginsburg	  	Original Lease	  	10/2/2015
	Search Services	  	Original Lease	  	9/1/2002
	Search Services	  	1st Amendment	  	4/29/2005
	Search Services	  	2nd Amendment	  	7/28/2006
	Search Services	  	3rd Amendment	  	5/21/2013
	Mitchell Insurance Agency	  	Original Lease	  	1/4/2016
	OrthoAccel Technologies	  	Original Lease	  	5/31/2012
	OrthoAccel Technologies	  	1st Amendment	  	8/4/2014
	OrthoAccel Technologies	  	2nd Amendment	  	1/9/2014
	OrthoAccel Technologies	  	3rd Amendment	  	10/29/2015
	OrthoAccel Technologies	  	4th Amendment	  	4/6/2016
	MedEx / Stop Loss Insurance Services	  	Original Lease	  	4/10/2001
	MedEx / Stop Loss Insurance Services	  	1st Amendment	  	6/7/2005
	MedEx / Stop Loss Insurance Services	  	2nd Amendment	  	Jun-08
	MedEx / Stop Loss Insurance Services	  	3rd Amendment	  	2/22/2011
	MedEx / Stop Loss Insurance Services	  	4th Amendment	  	6/27/2016
	MedEx / Stop Loss Insurance Services	  	5th Amendment	  	6/1/2017
	Mace & Mack	  	Original Lease	  	8/16/2016
	Mitratech Holdings	  	Original Lease	  	7/11/2000
	Mitratech Holdings	  	1st Amendment	  	12/1/2007
	Mitratech Holdings	  	2nd Amendment	  	3/9/2010
	Durio & Company	  	Original Lease	  	10/30/1987
	Durio & Company	  	1st Amendment	  	6/18/1992
	Durio & Company	  	2nd Amendment	  	4/29/1994
	Durio & Company	  	3rd Amendment	  	7/1/1999
	Durio & Company	  	4th Amendment	  	5/25/2001
	Durio & Company	  	5th Amendment	  	Mar-06
	Durio & Company	  	6th Amendment	  	3/9/2011
	Durio & Company	  	7th Amendment	  	10/26/2016
	Levey Development & Construction	  	Original Lease	  	11/2/2015

  
 EXHIBIT C-1 

Page 21 

 
					
	Waddell Investments	  	Original Lease	  	6/24/2005
	Waddell Investments	  	1st Amendment	  	9/1/2010
	Waddell Investments	  	2nd Amendment	  	12/23/2015
	Robert Hoffman	  	Original Lease	  	11/25/2008
	Robert Hoffman	  	1st Amendment	  	4/12/2010
	Robert Hoffman	  	2nd Amendment	  	1/7/2013
	Robert Hoffman	  	3rd Amendment	  	2/24/2017
	Robert Hoffman	  	4th Amendment	  	10/9/2017
	Barry Gomel	  	Original Lease	  	12/22/2014
	Regus Executive Suites	  	Original Lease	  	2/3/2015
	HJ Gruy & Associates	  	Original Lease	  	8/20/2015
	Gill Revak & Associates	  	Original Lease	  	8/9/2004
	Gill Revak & Associates	  	1st Amendment	  	7/1/2010
	Gill Revak & Associates	  	2nd Amendment	  	9/18/2012
	SMS Capital Management	  	Original Lease	  	Apr-08
	SMS Capital Management	  	1st Amendment	  	5/15/2012
	SMS Capital Management	  	2nd Amendment	  	7/22/2013
	SMS Capital Management	  	3rd Amendment	  	6/25/2014
	SMS Capital Management	  	4th Amendment	  	7/17/2017
	Chandler McNulty	  	Original Lease	  	1/15/2016
	Command Texas	  	Original Lease	  	1/10/2006
	Command Texas	  	1st Amendment	  	Mar-09
	Command Texas	  	2nd Amendment	  	5/12/2015
	Command Texas	  	3rd Amendment	  	12/18/2012
	US Army / Airforce	  	Lease for Real Property	  	7/15/2012
	Creekside Industries	  	Original Lease	  	11/4/2013
	Evergreen Shipping Agency	  	Original Lease	  	7/29/2005
	Evergreen Shipping Agency	  	1st Amendment	  	10/13/2008
	Evergreen Shipping Agency	  	2nd Amendment	  	Aug-10
	Evergreen Shipping Agency	  	3rd Amendment	  	5/11/2011
	Evergreen Shipping Agency	  	4th Amendment	  	9/10/2014
	Billie Martin	  	Original Lease	  	5/25/1993
	Billie Martin	  	1st Amendment	  	5/17/1995
	Billie Martin	  	2nd Amendment	  	5/24/1996
	Billie Martin	  	3rd Amendment	  	5/31/1999
	Billie Martin	  	4th Amendment	  	6/1/2000
	Billie Martin	  	5th Amendment	  	4/13/2001
	Billie Martin	  	6th Amendment	  	12/17/2003
	Billie Martin	  	7th Amendment	  	Jan-17
	Billie Martin	  	8th Amendment	  	Apr-17
	Billie Martin	  	9th Amendment	  	10/19/2015

  

  
 EXHIBIT C-1 
 Page 22 

 
					
	Mirador Group	  	Original Lease	  	1/23/2006
	Mirador Group	  	1st Amendment	  	Mar-13
	Mirador Group	  	2nd Amendment	  	5/16/2014
	Mirador Group	  	2nd Amendment	  	5/16/2014
	The Rand Group	  	Original Lease	  	9/2/2004
	The Rand Group	  	1st Amendment	  	Jan-07
	The Rand Group	  	2nd Amendment	  	Aug-08
	The Rand Group	  	3rd Amendment	  	7/12/2010
	The Rand Group	  	4th Amendment	  	9/2/2011
	The Rand Group	  	4th Amendment	  	9/2/2011
	The Rand Group	  	4th Amendment	  	9/2/2011
	The Rand Group	  	4th Amendment	  	9/2/2011
	The Rand Group	  	5th Amendment	  	2/3/2012
	The Rand Group	  	6th Amendment	  	3/13/2012
	The Rand Group	  	7th Amendment	  	7/27/2017
	TW Telecom of Texas	  	Original Lease	  	5/25/2011

  

  
 EXHIBIT C-1 
 Page 23 

 KBS SOR Austin Suburban Portfolio, LLC (Great Hills Plaza) 

					
	Tenant	  	Document	  	Date
	Certified Management of Austin	  	Lease Agreement	  	3/31/2010
	Certified Management of Austin	  	Lien Subordination Agreement	  	5/10/2010
	Certified Management of Austin	  	Memorandum of Lease Commencement	  	6/14/2010
	Certified Management of Austin	  	Landlords Lien Waiver	  	10/11/2012
	Certified Management of Austin	  	1st Amendment	  	3/6/2015
			
	Cintra	  	Lease Agreement	  	7/10/2012
	Cintra	  	Memorandum of Lease Commencement	  	1/25/2013
	Cintra	  	1st Amendment	  	8/20/2014
	Cintra	  	Initial Certificate	  	3/18/2015
			
	E2Open	  	Lease Agreement	  	9/9/2005
	E2Open	  	Commencement Letter	  	9/28/2005
	E2Open	  	1st Amendment	  	9/12/2008
	E2Open	  	2nd Amendment	  	2/11/2011
	E2Open	  	Letter of Credit	  	3/12/2013
	E2Open	  	3rd Amendment	  	9/10/2014
	E2Open	  	Expansion Commencement Letter	  	12/16/2014
	E2Open	  	4th Amendment	  	6/14/2016
	E2Open	  	5th Amendment	  	11/21/2016
			
	Ferrovial Argoman US Corp	  	Lease Agreement	  	7/10/2012
	Ferrovial Argoman US Corp	  	Amended and Restated Lease Agreement	  	10/15/2012
	Ferrovial Argoman US Corp	  	Memorandum of Lease Commencement	  	12/11/2012
			
	GSI Environmental, Inc	  	Lease Agreement	  	5/6/2011
	GSI Environmental, Inc	  	Memorandum of Lease Commencement	  	10/3/2011
	GSI Environmental, Inc	  	1st Amendment	  	9/17/2012
	GSI Environmental, Inc	  	Memorandum of 1st Lease Amendments	  	2/15/2013
			
	Guaranty dba Insurica	  	1st Amendment	  	8/10/2016
	Guaranty dba Insurica	  	Commencement Letter	  	9/30/2016
			
	Intera Incorporated	  	Lease Agreement	  	12/17/2016
			
	Lee Hecht Harrison	  	8th Amendment	  	1/30/2014
			
	OneAffiniti	  	Lease	  	
			
	Patten Law	  	1st Amendment	  	5/19/2009
	Patten Law	  	2nd Amendment	  	1/25/2012

  

  
 EXHIBIT C-1 
 Page 24 

 
					
	Patten Law	  	3rd Amendment	  	2/6/2017
			
	RGN	  	2nd Amendment	  	12/13/2017
			
	RTI Surgical	  	Lease Amendment	  	10/6/2015
			
	Texas Trusted	  	Lease Agreement	  	5/1/2015
	Texas Trusted	  	Letter of Commencement	  	5/1/2015

  

  
 EXHIBIT C-1 
 Page 25 

 KBS SOR Austin Suburban Portfolio, LLC (Westech 360) 

					
	Tenant	  	Document	  	Date
	Abel Law	  	Lease Agreement	  	10/1/2012
	Abel Law	  	Commencement Letter	  	2/15/2013
	Abel Law	  	1st Amendment	  	9/23/2013
	Abel Law	  	Lease Sublease	  	12/3/2014
			
	Advisa Mortgage	  	Guaranty	  	12/11/2015
	Advisa Mortgage	  	Lease Agreement	  	1/1/2016
			
	Apex Systems	  	Lease Agreement	  	6/20/2006
	Apex Systems	  	Commencement Letter	  	10/9/2006
	Apex Systems	  	1st Amendment	  	11/14/2011
	Apex Systems	  	2nd Amendment	  	9/18/2014
	Apex Systems	  	3rd Amendment	  	9/15/2016
			
	Burns and McDonnell	  	Lease Agreement	  	7/1/2014
	Burns and McDonnell	  	Commencement Letter- 2014	  	11/1/2014
	Burns and McDonnell	  	1st Amendment	  	8/14/2015
	Burns and McDonnell	  	Commencement Letter- 2016	  	1/25/2016
			
	Caliber Home Loans	  	Lease Agreement	  	11/2/2012
	Caliber Home Loans	  	Commencement Letter	  	2/15/2013
	Caliber Home Loans	  	1st Amendment	  	9/1/2015
			
	Carollo Engineers	  	Lease Agreement	  	4/23/2004
	Carollo Engineers	  	Commencement Letter- 2004	  	7/19/2004
	Carollo Engineers	  	Estoppel Certificate- 2004	  	11/9/2004
	Carollo Engineers	  	1st Amendment	  	4/18/2007
	Carollo Engineers	  	Commencement Letter- 2007	  	10/4/2007
	Carollo Engineers	  	2nd Amendment	  	4/30/2009
	Carollo Engineers	  	SNDA Agreement	  	10/5/2009
	Carollo Engineers	  	3rd Amendment	  	6/10/2010
	Carollo Engineers	  	4th Amendment	  	9/8/2010
	Carollo Engineers	  	Estoppel Certificate- 2013	  	2/25/2013
	Carollo Engineers	  	5th Amendment	  	10/11/2013
			
	Chicago Title of Texas	  	Guaranty	  	10/7/2015
	Chicago Title of Texas	  	Lease Agreement	  	10/21/2015
	Chicago Title of Texas	  	Commencement Letter	  	4/15/2016
			
	Constangy Brooks and Smith	  	Lease Agreement	  	10/26/2011
	Constangy Brooks and Smith	  	Commencement Letter	  	4/6/2012

  
 EXHIBIT C-1 

Page 26 

 
					
	Constangy Brooks and Smith	  	Estoppel Certificate	  	3/1/2013
	Constangy Brooks and Smith	  	1st Amendment	  	8/9/2016
			
	D&S Residential	  	Lease Agreement	  	9/13/2013
	D&S Residential	  	Commencement Letter	  	12/30/2013
			
	FC Lending	  	Guaranty	  	12/11/2015
	FC Lending	  	Lease Agreement	  	1/1/2016
			
	First Continental	  	Lease Agreement 2004	  	10/12/2004
	First Continental	  	1st Amendment	  	7/15/2010
	First Continental	  	Commencement Letter	  	12/14/2010
	First Continental	  	Estoppel Certificate	  	2/25/2013
	First Continental	  	Lease Agreement 2016	  	1/1/2016
			
	Flahive, Ogden & Latson	  	Lease Agreement	  	3/8/2011
	Flahive, Ogden & Latson	  	Commencement Letter	  	5/31/2011
	Flahive, Ogden & Latson	  	Estoppel Certificate	  	2/25/2013
	Flahive, Ogden & Latson	  	1st Amendment	  	2/10/2014
	Flahive, Ogden & Latson	  	Commencement Letter	  	2/28/2014
	Flahive, Ogden & Latson	  	2nd Amendment	  	7/28/2017
			
	Gamesalad	  	Lease Agreement	  	9/18/2013
			
	Guardian Life Insurance	  	Lease Agreement	  	11/6/2015
	Guardian Life Insurance	  	Commencement Letter	  	3/11/2016
			
	Insurance Services Office	  	Lease Agreement	  	8/22/2014
	Insurance Services Office	  	Commencement Letter	  	11/1/2014
			
	Kevin Lange (Austin Financial Partners)	  	Lease Agreement	  	5/5/2005
	Kevin Lange (Austin Financial Partners)	  	Commencement Letter	  	6/24/2005
	Kevin Lange (Austin Financial Partners)	  	1st Amendment	  	4/3/2006
	Kevin Lange (Austin Financial Partners)	  	2nd Amendment	  	7/21/2006
	Kevin Lange (Austin Financial Partners)	  	Commencement Letter	  	7/26/2006
	Kevin Lange (Austin Financial Partners)	  	Lease Subleases	  	9/29/2006
	Kevin Lange (Austin Financial Partners)	  	3rd Amendment	  	4/30/2010

  

  
 EXHIBIT C-1 

Page 27 

 
					
	Kevin Lange (Austin Financial Partners)	  	4th Amendment	  	12/28/2012
	Kevin Lange (Austin Financial Partners)	  	Estoppel Certificate	  	2/25/2013
	Kevin Lange (Austin Financial Partners)	  	5th Amendment	  	7/10/2014
	Kevin Lange (Austin Financial Partners)	  	6th Amendment	  	9/1/2015
	Kevin Lange (Austin Financial Partners)	  	Commencement Letter	  	2/26/2016
			
	Kuper Sotheby	  	Temporary Occupancy Agreement	  	7/22/2015
	Kuper Sotheby	  	Lease Agreement	  	10/6/2015
	Kuper Sotheby	  	Commencement Letter	  	2/10/2016
			
	Lockwood, Andrews, and Newman	  	Lease Agreement	  	10/27/2014
	Lockwood, Andrews, and Newman	  	1st Amendment	  	3/10/2015
	Lockwood, Andrews, and Newman	  	Commencement Letter	  	3/30/2015
	Lockwood, Andrews, and Newman	  	Commencement Letter	  	5/11/2015
			
	Maxpoint Interactive Inc	  	Estoppel Certificate	  	5/15/2012
	Maxpoint Interactive Inc	  	Lease Agreement	  	5/17/2012
	Maxpoint Interactive Inc	  	Commencement Letter	  	8/31/2012
	Maxpoint Interactive Inc	  	Letter of Credit	  	7/8/2013
	Maxpoint Interactive Inc	  	Letter of Credit	  	8/8/2014
	Maxpoint Interactive Inc	  	1st Amendment	  	11/13/2014
	Maxpoint Interactive Inc	  	1st Amendment Commencement Letter	  	3/17/2015
	Maxpoint Interactive Inc	  	2nd Amendment	  	6/2/2015
	Maxpoint Interactive Inc	  	2nd Amendment Commencement Letter	  	12/23/2015
			
	Priority Home Mortgage	  	Guaranty	  	12/10/2015
	Priority Home Mortgage	  	Lease Agreement	  	1/1/2016
			
	Prudential Insurance Company	  	Lease Agreement	  	10/10/2005
	Prudential Insurance Company	  	Commencement Letter	  	3/7/2006
	Prudential Insurance Company	  	1st Amendment	  	5/6/2010
	Prudential Insurance Company	  	2nd Amendment	  	4/23/2012
	Prudential Insurance Company	  	Estoppel Certificate	  	2/25/2013
	Prudential Insurance Company	  	3rd Amendment	  	5/14/2015

  

  
 EXHIBIT C-1 
 Page 28 

 
					
	ROKU	  	Occupancy Agreement	  	12/16/2013
	ROKU	  	1st Amendment to Occupancy	  	3/27/2014
	ROKU	  	Lease Agreement	  	3/27/2014
	ROKU	  	Commencement Letter	  	7/1/2014
	ROKU	  	1st Amendment to Lease	  	1/26/2016
	ROKU	  	Commencement Letter	  	2/29/2016
			
	Schwegman Lundberg and Woessner	  	Lease Agreement	  	1/3/2006
	Schwegman Lundberg and Woessner	  	Commencement Letter	  	3/16/2006
	Schwegman Lundberg and Woessner	  	1st Amendment	  	1/30/2009
	Schwegman Lundberg and Woessner	  	2nd Amendment	  	3/8/2012
	Schwegman Lundberg and Woessner	  	Estoppel Certificate	  	2/25/2013
	Schwegman Lundberg and Woessner	  	3rd Amendment	  	2/4/2015
			
	Smart Choice Mortgage	  	Guaranty	  	12/10/2015
	Smart Choice Mortgage	  	Lease Agreement	  	1/1/2016
			
	Southern Lending Services	  	Commencement Letter	  	9/1/2014
	Southern Lending Services	  	Guaranty	  	12/10/2015
	Southern Lending Services	  	Lease Agreement	  	1/1/2016
			
	Tetra Tech	  	Lease Agreement	  	11/30/2011
	Tetra Tech	  	Commencement Letter	  	3/2/2012
	Tetra Tech	  	Estoppel Certificate	  	2/25/2013
	Tetra Tech	  	1st Amendment	  	5/19/2016
			
	Texas Teachers of Tomorrow	  	Lease Agreement	  	4/23/2008
	Texas Teachers of Tomorrow	  	1st Amendment	  	1/29/2013
	Texas Teachers of Tomorrow	  	Estoppel Certificate	  	2/25/2013
	Texas Teachers of Tomorrow	  	2nd Amendment	  	5/24/2016
			
	Time Warner	  	License Agreement	  	1/1/2013
	Time Warner	  	Estoppel Certificate	  	3/7/2013
			
	Towers Watson	  	Lease Agreement	  	1/30/2014
	Towers Watson	  	Commencement Letter	  	4/28/2014
			
	TW Telecom	  	License Agreement	  	7/6/2005

  
 EXHIBIT C-1 

Page 29 

 
					
	TW Telecom	  	License Amendment	  	5/1/2012
	TW Telecom	  	Estoppel Certificate	  	2/25/2013
			
	William Powers	  	Lease Agreement	  	9/19/2013
	William Powers	  	1st Amendment	  	9/20/2013
	William Powers	  	Commencement Letter	  	11/1/2013
			
	Yorktown Technologies	  	Commencement Letter	  	11/1/2013
	Yorktown Technologies	  	Commission Agreement	  	12/9/2014
	Yorktown Technologies	  	Lease Abstract	  	12/12/2014
	Yorktown Technologies	  	Lease Agreement	  	12/12/2014
	Yorktown Technologies	  	Termination Agreement	  	7/27/2017

  

  
 EXHIBIT C-1 
 Page 30 

 KBS SOR Westmoor Center, LLC 

					
	Tenant	  	Document	  	Date
	Amazing Care Home Health Services, Inc.	  	Lease	  	4/27/2007
	Amazing Care Home Health Services, Inc.	  	1st Amendment	  	9/30/2010
	Amazing Care Home Health Services, Inc.	  	2nd Amendment	  	11/13/2015
			
	Asset Protect One, Inc.	  	Lease	  	6/15/2017
			
	AT&T (New Cingular Wireless)	  	Lease	  	2/8/2007
			
	Ball Aerospace Technologies Corp.	  	Lease	  	9/14/1998
	Ball Aerospace Technologies Corp.	  	1st Amendment	  	1/29/1999
	Ball Aerospace Technologies Corp.	  	2nd Amendment	  	3/16/2003
	Ball Aerospace Technologies Corp.	  	3rd Amendment	  	9/25/2003
	Ball Aerospace Technologies Corp.	  	4th Amendment	  	11/1/2004
	Ball Aerospace Technologies Corp.	  	5th Amendment	  	4/1/2006
	Ball Aerospace Technologies Corp.	  	6th Amendment	  	7/15/2006
	Ball Aerospace Technologies Corp.	  	7th Amendment	  	2/25/2011
	Ball Aerospace Technologies Corp.	  	8th Amendment	  	10/1/2015
	Ball Aerospace Technologies Corp.	  	9th Amendment	  	9/29/2015
			
	Ball Packaging Corp (Assignment Ball Aerospace Technologies Corp.)	  	7th Amendment	  	7/29/2016
			
	Cabelas, Inc.	  	Lease	  	10/15/2012
			
	Finali Corp.	  	Lease	  	1/7/2017
	Finali Corp.	  	1st Amendment	  	7/26/2000
	Finali Corp.	  	2nd Amendment	  	11/1/2001
	Finali Corp.	  	3rd Amendment	  	6/15/2006
	Finali Corp.	  	4th Amendment	  	2/15/2010
	Convergys Customer Management Group Inc.	  	5th Amendment	  	5/31/2013
	Convergys Customer Management Group Inc.	  	6th Amendment	  	8/30/2015
			
	The United States of American (GSA_IRS)	  	Lease	  	4/19/2004
	The United States of American (GSA_IRS)	  	Lease	  	1/26/2015
			
	Health Inventures LLC	  	Lease	  	9/28/2011
	Health Inventures (subtenant 3xLogic)	  	Consent to Sublease	  	6/24/2014
	Health Inventures (subtenant 3xLogic)	  	1st Amendment	  	2/23/2016

  
 EXHIBIT C-1 

Page 31 

 
					
	HID Global Corporation	  	Lease	  	3/31/2007
	HID Global Corporation	  	Consent to Sublease	  	9/29/2009
	HID Global Corporation (sub tenant Idol Minds)	  	Consent to Sublease	  	8/30/2017
			
	Nextaction Corporation	  	Lease	  	1/1/2005
	Nextaction Corporation	  	1st Amendment	  	3/8/2006
	Nextaction Corporation	  	2nd Amendment	  	9/15/2007
	Datalogix Inc. (fka Nextaction)	  	3rd Amendment	  	2/15/2011
	Datalogix Inc. (fka Nextaction)	  	4th Amendment	  	10/1/2012
	Datalogix Inc. (fka Nextaction)	  	5th Amendment	  	2/15/2013
	Oracle (fka Datalogix, Next Action)	  	Lease	  	
			
	Tandberg Data Corporation	  	Lease	  	6/1/2010
	Overland Storage Inc. (successor Tandberg Data Corp.)	  	1st Amendment	  	9/2/2015
			
	The Reed Group Ltd.	  	Lease	  	2/1/2004
	The Reed Group Ltd.	  	1st Amendment	  	7/24/2004
	The Reed Group Ltd.	  	2nd Amendment	  	12/7/2004
	The Reed Group Ltd.	  	3rd Amendment	  	6/15/2006
	The Reed Group Ltd.	  	4th Amendment	  	1/31/2010
	The Reed Group Ltd.	  	5th Amendment	  	3/15/2013
	The Reed Group Ltd.	  	6th Amendment	  	8/1/2013
	The Reed Group Ltd.	  	7th Amendment	  	5/15/2014
	The Reed Group Ltd.	  	8th Amendment	  	9/3/2014
	The Reed Group Ltd.	  	9th Amendment	  	4/29/2016
			
	Trangen Inc., dba Sandwich Board	  	Lease	  	2/8/2007
	Trangen Inc., dba Sandwich Board	  	1st Amendment	  	11/30/2007
	Trangen Inc., dba Sandwich Board	  	2nd Amendment	  	6/15/2012
			
	Fidelity National Title Insurance Company	  	Lease	  	4/1/2003
	Fidelity National Title Insurance Company	  	1st Amendment	  	6/15/2007
	FIS Asset Management Solutions Inc. (Assignor Fidelity National)	  	2nd Amendment	  	11/1/2007
	FIS Asset Management Solutions Inc.	  	3rd Amendment	  	2/15/2008
	FIS Asset Management Solutions Inc.	  	4th Amendment	  	3/31/2008
	LPS Asset Management Solutions Inc. (former FIS Asset)	  	5th Amendment	  	8/25/2008
	LPS Field Services, Inc. (successor LPS Asset)	  	6th Amendment	  	1/4/2013
			
	Servicelink Field Services, LLC (successor LPS Field Services)	  	7th Amendment	  	10/12/2017

  
 EXHIBIT C-1 

Page 32 

					
			
	Qwest Wireless LLC (Sprint)	  	Lease	  	8/6/2001
	Qwest Wireless LLC (Sprint)	  	1st Amendment	  	8/6/2001
			
	Atlas Pipeline Mid Continent Westok LLC (Targa Resources)	  	Lease	  	9/1/2007
	Atlas Pipeline Mid Continent Westok LLC (Targa Resources)	  	Sublease	  	
	Atlas Pipeline Mid Continent Westok LLC (Targa Resources)	  	1st Amendment	  	2/15/2010
	Atlas Pipeline Mid Continent Holding LLC (assignor Atlas Continent Westok)	  	2nd Amendment	  	11/18/2013
	Atlas Pipeline Mid Continent Holding LLC (sublease Southwest Holdings Corp.)	  	Consent to Sublease	  	9/11/2017
			
	Tegile Systems, Inc.	  	Lease	  	1/9/2015
	Tegile Systems, Inc. (sublease HGST, Inc.)	  	Consent to Sublease	  	9/12/2017
			
	WEBPT, Inc.	  	Lease	  	1/13/2016
			
	Zimmer Biomet Spine, Inc.	  	Lease	  	2/22/2016

  

  
 EXHIBIT C-1 
 Page 33 

 KBS SOR Maitland Promenade II, LLC 

					
	Tenant	  	Document	  	Date
	Akerman LLC	  	Lease Agreement	  	12/27/2011
	Akerman LLC	  	1st Amendment to Lease	  	4/4/2012
	Akerman LLC	  	Commencement Agreement	  	2/4/2013
	Akerman LLC	  	2nd Amendment to Lease	  	2/22/2013
	Akerman LLC	  	3rd Amendment to Lease Agreement	  	3/11/2016
	Akerman LLC	  	Commencement Agreement	  	12/8/2016
			
	AmTrust North America	  	Lease Agreement	  	8/11/2011
	AmTrust North America	  	1st Amendment to Lease	  	1/3/2012
	AmTrust North America	  	Commencement Agreement	  	4/16/2012
	AmTrust North America	  	Consent by Landlord to Assignment of Lease	  	12/22/2014
	AmTrust North America	  	Assignment and Assumption of Lease	  	12/22/2014
	AmTrust North America	  	2nd Amendment to Lease Agreement	  	6/3/2016
	AmTrust North America	  	Commencement Agreement	  	12/8/2016
			
	Angela Hanif Corp	  	Office Lease	  	9/8/2014
	Angela Hanif Corp	  	1st Amendment to Office Lease	  	5/1/2017
			
	Centene Management	  	Lease Agreement	  	7/31/2013
	Centene Management	  	1st Amendment to Lease Agreement	  	3/3/2014
	Centene Management	  	2nd Amendment to Lease Agreement	  	12/22/2016
			
	Embrace Home Loans	  	Lease Agreement	  	10/5/2012
	Embrace Home Loans	  	Commencement Agreement	  	11/26/2012
	Embrace Home Loans	  	Sublease	  	2/23/2015
	Embrace Home Loans	  	Consent by Landlord to Sublease	  	3/6/2015
			
	New York Life Insurance	  	Lease Agreement	  	1/5/2011
	New York Life Insurance	  	1st Amendment to Lease	  	2/19/2014
	New York Life Insurance	  	2nd Amendment to Lease Agreement	  	11/30/2016
			
	Principal Life Insurance	  	Office Lease	  	3/25/2016
	Principal Life Insurance	  	Tenant’s Initial Certificate	  	7/15/2016
			
	Sonepar Management US	  	Office Lease	  	9/11/2015
	Sonepar Management US	  	Tenant’s Initial Certificate	  	3/21/2016
	Sonepar Management US	  	Tenant’s Initial Certificate	  	5/10/2016
			
	Taylor Morrison Home Funding	  	Office Lease - Lease A	  	3/6/2014

  
 EXHIBIT C-1 
 Page 34 

 
					
	Taylor Morrison Home Funding	  	Office Lease - Lease B	  	3/6/2014
			
	United Healthcare Services, Inc.	  	4th Amendment to Lease	  	2009
	United Healthcare Services, Inc.	  	1st Amendment to Lease Agreement	  	5/23/2002
	United Healthcare Services, Inc.	  	Multitenant Office Lease Agreement	  	5/28/2002
	United Healthcare Services, Inc.	  	1st Amendment to Lease Agreement	  	4/8/2003
	United Healthcare Services, Inc.	  	2nd Amendment to Lease Agreement	  	11/6/2003
	United Healthcare Services, Inc.	  	2nd Amendment to Lease Agreement	  	3/30/2004
	United Healthcare Services, Inc.	  	3rd Amendment to Office Lease Agreement	  	4/30/2006
	United Healthcare Services, Inc.	  	3rd Amendment Commencement Notification	  	7/10/2006
	United Healthcare Services, Inc.	  	5th Amendment to Lease	  	8/1/2013
	United Healthcare Services, Inc.	  	Sublease Agreement	  	5/1/2015
	United Healthcare Services, Inc.	  	6th Amendment to Lease Agreement	  	8/24/2015
	United Healthcare Services, Inc.	  	Consent by Landlord to Sublease Agreement	  	8/24/2015
	United Healthcare Services, Inc.	  	Commencement Date Memorandum	  	
	United Healthcare Services, Inc.	  	Commencement Date Memorandum	  	
			
	Zurich American Insurance	  	Lease Agreement	  	7/11/2012
	Zurich American Insurance	  	Commencement Agreement	  	12/10/2012
	Zurich American Insurance	  	1st Amendment to Lease Agreement	  	7/17/2014
	Zurich American Insurance	  	Commencement Agreement	  	2/17/2015

  
 EXHIBIT C-1 
 Page 35 

 KBS SOR Plaza Bellevue, LLC 

					
	Tenant Name	  	Document Name	  	Date
	Union Bank Suite 1250	  	Lease	  	11/14/2007
	Union Bank Suite 1250	  	1st Amendment	  	7/27/2011
			
	Union Bank Suite 100	  	Lease	  	8/18/2004
	Union Bank Suite 100	  	1st Amendment	  	12/7/2005
	Union Bank Suite 100	  	2nd Amendment	  	11/14/2007
	Union Bank Suite 100	  	3rd Amendment	  	2/5/2009
	Union Bank Suite 100	  	4th Amendment	  	10/31/2013
			
	Y&M Investments, LLC	  	Lease	  	3/26/2007
	Y&M Investments, LLC	  	1st Amendment	  	1/31/2011
	Y&M Investments, LLC	  	2nd Amendment	  	8/23/2013
	Y&M Investments, LLC	  	3rd Amendment	  	10/17/2016
			
	Cytec Engineered Materials	  	Lease	  	8/26/2011
	Cytec Engineered Materials	  	1st Amendment	  	12/22/2016
			
	InfoAdvantage	  	Lease	  	2/2/2009
	InfoAdvantage	  	1st Amendment	  	8/8/2013
	Humanpoint	  	Lease	  	9/27/2016
			
	Insight Global	  	Lease	  	9/22/2014
	Insight Global	  	1st Amendment	  	12/19/2014
	Insight Global	  	2nd Amendment	  	3/13/2017
			
	Explore Consulting	  	Lease	  	2/23/2006
	Explore Consulting	  	1st Amendment	  	9/26/2007
	Explore Consulting	  	2nd Amendment	  	3/17/2011
	Explore Consulting	  	3rd Amendment	  	10/16/2017
			
	JeffreyM	  	Lease	  	7/23/2013
	JeffreyM	  	1st Amendment	  	8/13/2013
	JeffreyM	  	2nd Amendment	  	4/30/2014
	JeffreyM	  	3rd Amendment	  	6/30/2014
	JeffreyM	  	4th Amendment	  	5/4/2015
	JeffreyM	  	5th Amendment	  	6/30/2016
	JeffreyM	  	6th Amendment	  	2/16/2017
	JeffreyM	  	7th Amendment	  	6/8/2017
			
	MobileIron	  	Lease	  	8/18/2015

  
 EXHIBIT C-1 
 Page 36 

 
					
	Futurewei	  	Lease	  	2/22/2016
	Futurewei	  	1st Amendment	  	7/21/2017
			
	SGN	  	Lease	  	3/8/2016
	Perfect Bland	  	Lease	  	3/23/2017
			
	TenCent America	  	Lease	  	7/21/2017
	TenCent America	  	1st Amendment	  	10/16/2017
			
	BluLink	  	Lease	  	9/19/2017
			
	Evergreen Shipping	  	Lease	  	7/29/2011
	Evergreen Shipping	  	1st Amendment	  	1/5/2017
			
	Auth0	  	Lease	  	4/22/2016
			
	Standard Insurance Company	  	Lease	  	8/23/2012
			
	Baidu	  	Lease	  	8/29/2017
			
	Caliber Home Loans	  	Lease	  	8/6/2015
			
	Blucora	  	Lease	  	7/13/2012
	Blucora	  	Consent to Sublease	  	4/19/2017
			
	Xevo	  	Lease	  	8/21/2017
			
	Premier Office Centers	  	Lease	  	3/15/2011
			
	EventPoint	  	Lease	  	11/9/2014
	EventPoint	  	Consent to Sublease	  	1/25/2016
			
	Jackson Family Enterprises	  	Lease	  	4/21/2017
			
	WFG	  	Lease	  	12/10/2014
	WFG	  	1st Amendment	  	7/27/2015
			
	Dahlin Group	  	Lease	  	3/30/2016
	Dahlin Group	  	1st Amendment	  	PENDING
			
	Highland Private Wealth	  	Lease	  	6/16/2017

  
 EXHIBIT C-1 
 Page 37 

 
					
	Highland Private Wealth	  	1st Amendment	  	8/21/2017
			
	JP Morgan Chase	  	Lease	  	2/15/2008
	JP Morgan Chase	  	1st Amendment	  	8/27/2008
	JP Morgan Chase	  	2nd Amendment	  	6/1/2012
	JP Morgan Chase	  	3rd Amendment	  	PENDING
			
	IDP Insurance Brokers	  	Lease	  	8/20/2013
	IDP Insurance Brokers	  	Consent to Sublease	  	12/17/2015
	IDP Insurance Brokers	  	Consent to Sub-Sublease	  	8/3/2017
			
	HNN	  	Lease	  	11/27/2013
	HNN	  	1st Amendment	  	12/5/2014
	HNN	  	2nd Amendment	  	11/30/2016
			
	Construx Software	  	Lease	  	3/24/2006
	Construx Software	  	1st Amendment	  	5/18/2011
	Construx Software	  	2nd Amendment	  	10/21/2011
			
	G Russell Knobel & Associates	  	Lease	  	4/1/2011
			
	Stephens & Klinge	  	Lease	  	6/25/2012
			
	Wells Fargo	  	Lease	  	10/3/2005
	Wells Fargo	  	1st Amendment	  	11/18/2008
	Wells Fargo	  	2nd Amendment	  	7/28/2011
	Wells Fargo	  	3rd Amendment	  	12/19/2014
			
	Applause App Quality	  	Lease	  	4/25/2014
	Applause App Quality	  	Consent to Sublease	  	3/25/2016
			
	Vanir Construction Management	  	Lease	  	3/11/2004
	Vanir Construction Management	  	1st Amendment	  	2/1/2005
	Vanir Construction Management	  	2nd Amendment	  	2/28/2010
	Vanir Construction Management	  	3rd Amendment	  	11/6/2014
			
	Ikkoryu	  	Lease	  	11/9/2015
			
	Concord Ventures	  	Lease	  	1/28/2009

  
 EXHIBIT C-1 
 Page 38 

					
	Concord Ventures	  	1st Amendment	  	11/22/2010
	Concord Ventures	  	2nd Amendment	  	12/16/2015
	Concord Ventures	  	3rd Amendment	  	2/9/2017
			
	The Triad Group	  	Lease	  	5/9/2002
	The Triad Group	  	1st Amendment	  	7/29/2003
	The Triad Group	  	2nd Amendment	  	12/31/2007
	The Triad Group	  	3rd Amendment	  	6/23/2008
	The Triad Group	  	4th Amendment	  	1/10/2013
			
	City of London	  	Lease	  	9/11/2015
			
	Penn Mutual Life Insurance	  	Lease	  	12/23/2003
	Penn Mutual Life Insurance	  	1st Amendment	  	2/17/2004
	Penn Mutual Life Insurance	  	2nd Amendment	  	3/10/2006
	Penn Mutual Life Insurance	  	3rd Amendment	  	6/3/2008
	Penn Mutual Life Insurance	  	4th Amendment	  	10/27/2010
			
	Financial Resources Group	  	Lease	  	10/1/2004
	Financial Resources Group	  	1st Amendment	  	1/31/2007
	Financial Resources Group	  	2nd Amendment	  	4/26/2010
	Financial Resources Group	  	3rd Amendment	  	3/21/2013
	Financial Resources Group	  	Consent to Assign	  	11/3/2015
	Financial Resources Group	  	4th Amendment	  	3/30/2016
			
	Washington 2 Advocates	  	Lease	  	6/24/2005
	Washington 2 Advocates	  	1st Amendment	  	7/21/2010
			
	Ranstad Professionals	  	Lease	  	2/15/2017
	Ranstad Professionals	  	1st Amendment	  	3/14/2012
	Ranstad Professionals	  	2nd Amendment	  	7/9/2013
			
	GA Creative	  	Lease	  	8/26/2005
	GA Creative	  	1st Amendment	  	7/20/2012
	GA Creative	  	Consent to Sublease	  	10/26/2015
			
	Gene Piculell	  	Lease	  	11/12/2004
	Gene Piculell	  	1st Amendment	  	4/28/2010
	Gene Piculell	  	2nd Amendment	  	1/16/2015
			
	Huawei Technologies	  	Lease	  	6/1/2017
			
	Level 3 Communications	  	Lease	  	4/1/2016

  
 EXHIBIT C-1 
 Page 39 

					
	Seattle SMSA Limited Partner	  	Lease	  	3/16/2014
	Seattle SMSA Limited Partner	  	1st Amendment	  	6/1/2015
			
	Comcast Cable	  	Lease	  	8/31/2012
	Communications	  		  	
			
	Redmond Cleaners	  	Lease	  	6/20/2002
			
	United Parcel Services	  	Lease	  	2/17/2014
			
	Cogent Communications	  	Lease	  	6/13/2011
	Cogent Communications	  	1st Amendment	  	5/14/2012
			
	Integra Telecom Holdings	  	License Agreement	  	7/2/2014
			
	Visa USA - Storage	  	Storage Lease	  	1/1/2017
			
	US Bank National Association	  	Lease	  	11/19/2003
	US Bank National Association	  	1st Amendment	  	6/24/2004
	US Bank National Association	  	2nd Amendment	  	10/19/2005
	US Bank National Association	  	3rd Amendment	  	6/18/2013
			
	Transwestern Commercial Services	  	Lease	  	10/10/2014
			
	Lani Cao	  	Lease	  	10/31/2013
			
	Birkeland & Cespedes	  	Lease	  	12/21/2010
	Birkeland & Cespedes	  	1st Amendment	  	1/12/2011
			
	Nintex USA	  	Lease	  	4/3/2012
	Nintex USA	  	1st Amendment	  	7/23/2013
	Nintex USA	  	2nd Amendment	  	10/3/2013
	Nintex USA	  	3rd Amendment	  	10/28/2013
	Nintex USA	  	4th Amendment	  	3/2/2015
	Nintex USA	  	5th Amendment	  	5/13/2015
			
	Visa	  	Lease	  	10/8/2012
			
	Pointmarc	  	Lease	  	2/19/2014
	Pointmarc	  	1st Amendment	  	10/1/2014
	Pointmarc	  	2nd Amendment	  	1/27/2016

  
 EXHIBIT C-1 
 Page 40 

					
	Aslakson Financial Group	  	Lease	  	8/28/2012
			
	T-Mobile West	  	Lease	  	10/31/2012
			
	Comcast Cable	  	Lease	  	8/22/2012
	Communications	  		  	
			
	Integra	  	Lease	  	10/3/2014
			
	New Cingular Wireless	  	Lease	  	6/1/2015
			
	Level 3 Communications	  	Lease	  	7/1/2015

  
 EXHIBIT C-1 
 Page 41 

 EXHIBIT D 

Intentionally Deleted 

  
 EXHIBIT D 

Page 1 

 EXHIBIT E 

State-Specific Deliverables 
 CALIFORNIA

 KBS SOR Iron Point, LLC and Keppel-KBS Iron Point, Inc. 

 

	1.	A California Natural Hazard Disclosure Statement in the form attached to this Agreement as Schedule 3, executed by KBS SOR Iron Point, LLC and Keppel-KBS Iron Point, Inc.

 COLORADO 
 KBS SOR Westmoor
Center, LLC and Keppel-KBS Westmoor Center, Inc. 
  

	2.	A Colorado Department of Revenue Form 1083 – Information with Respect to Conveyance of a Colorado Real Property Interest, executed by KBS SOR Westmoor Center, LLC. 

 

	3.	A Real Property Transfer Declaration (TD-1000), executed by Keppel-KBS Westmoor Center, Inc. 

GEORGIA 
 KBS SOR Powers Ferry Landing East,
LLC and KBS SOR Northridge, LLC 
  

	4.	Executed affidavits that no broker’s services have been engaged with regard to the management, sale, purchase, lease, option, or other conveyance of an interest in any Property located in Georgia and that no
notice(s) of lien for any such services has been received. In the event that the affidavit contains any qualification with respect to any such services, proof of payment in full for all such services, together with a lien waiver or estoppel letter
from such identified broker(s) must be delivered. 

  

	5.	Executed Affidavits of Seller’s Gain or similar documents establishing that such Seller Party has no gain to be recognized from the sale of any Property located in Georgia against which the withholding imposed by
O.C.G.A. Section 48-7-128 is to be applied or is exempt from such withholding. 

Keppel-KBS Powers Ferry Landing, Inc. and Keppel-KBS Northridge Center,
Inc. 
  

	6.	Executed affidavits that no broker’s services have been engaged with regard to the management, sale, purchase, lease, option, or other conveyance of an interest in any Property located in Georgia and that no
notice(s) of lien for any such services has been received. In the event that the affidavit contains any qualification with respect to any 

  

  
 EXHIBIT E 

Page 1 

 such services, proof of payment in full for all such services, together with a lien waiver or
estoppel letter from such identified broker(s) must be delivered. 
 FLORIDA – NONE 

TEXAS - NONE 
 WASHINGTON
- NONE 

  
 EXHIBIT E 

Page 2 

 EXHIBIT F 

Form of Assignment of Leases and 

Contracts and 
 Bill of Sale 

(Attached) 

  
 EXHIBIT F 

Page 1 

 ASSIGNMENT OF LEASES AND CONTRACTS AND BILL OF SALE 

This Assignment of Leases and Contracts and Bill of Sale (this “Assignment”) is executed and delivered as of the
         day of                 , 20     (the “Closing Date”)
pursuant to that certain Purchase and Sale Agreement and Escrow Instructions (“Agreement”) dated                 ,
20    , by and between                             ,
a                             (“Seller”), and
                            , a
                             (“Buyer”), covering the real property described
in Exhibit A attached hereto (“Property”). 
 7.        Sale of
Personalty. For good and valuable consideration, Seller hereby sells, transfers, sets over and conveys to Buyer the following (the “Personal Property”): 

(a)        Tangible Personalty. All of Seller’s right, title and interest, if any, in and
to all the furniture, fixtures, equipment, and other tangible personal property listed on Exhibit B attached hereto or otherwise located in or on the Property to the extent owned by Seller; and 

(b)        Intangible Personalty. All the right, title and interest of Seller, if any, in and
to assignable licenses and permits relating to the operation of the Property, assignable guaranties and warranties from any contractor, manufacturer or other person in connection with the construction or operation of the Property, and all other
intangible property used exclusively in connection with the Property. 
 8.        Assignment of
Leases and Contracts. For good and valuable consideration, Seller hereby assigns, transfers, sets over and conveys to Buyer, and Buyer hereby accepts the following: 

(a)        Leases. All of the Seller’s right, title and interest in and to all tenant
leases relating to the Property, including, without limitation, the tenant leases listed in Exhibit C-1 and Exhibit C-2 attached hereto
(“Leases”); 
 (b)        Contracts and Agreements. Seller’s
right, title and interest in and to the contracts and agreements described in Exhibit D-1 and Exhibit D-2 attached hereto (the
“Contracts”). 
 9.        Assumption. Buyer hereby assumes the
obligations of Seller under (a) the Leases listed on Exhibit C-1 attached hereto arising from and after the Closing Date, (b) the Leases listed on Exhibit C-2 attached hereto whether arising before or after the Closing Date, (c) the Contracts listed on Exhibit D-1 attached hereto arising from and after the
Closing Date, (d) the Contracts listed on Exhibit D-2 attached hereto arising before or after the Closing Date, and (e) that certain leasing agreement dated
                    , entered into by and between Seller and
                    , but only to the extent of any leasing commissions hereafter payable thereunder arising out of the lease of space in the
Property by Buyer after the date of this Assignment, and shall defend, indemnify and hold harmless Seller from and against any liability, damages, causes of action, expenses, and attorneys’ fees incurred by Seller by reason of the failure of
Buyer to fulfill, perform, discharge, and observe its obligations with respect to the Leases or the Contracts. 

  
 EXHIBIT F 

Page 2 

 10.        Agreement Applies. Except as may
otherwise be provided in the Agreement, the Contracts and Leases are being assigned and transferred, and the Personal Property is being transferred, to Buyer on an “as is,” and “where is” basis, with all faults, and without any
representation or warranty, all of which Seller hereby disclaims, all as more particularly set forth in Section 11.1 of the Agreement, which Section shall be, and hereby is, incorporated herein by reference. 

11.        Counterparts. This Assignment may be executed in two (2) or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the same instrument, with the same effect as if all parties had signed the same signature page. 

12.        Attorneys’ Fees. In any action between the parties to enforce any of the terms
or provisions of this Assignment, the prevailing party in the action shall be entitled to recover from the non-prevailing party, in addition to damages, injunctive relief or other relief, and its reasonable
costs and expenses, including, without limitation, costs and reasonable attorneys’ fees (including on appeal). 

13.        Merger. This Assignment and the Agreement contain the entire understanding between
the parties relating to their subject matter. All prior and contemporaneous agreements and understandings, whether oral or written, are superseded by this Assignment and the Agreement. This Assignment may only be modified in writing executed by both
Buyer and Seller. Nothing contained in this Assignment is intended to terminate or affect the validity of any of the representations or warranties contained in the Agreement. 

14.        Miscellaneous. This Assignment shall be binding upon and shall inure to the benefit
of the parties hereto, their heirs, executors, administrators, successor-in-interest and assigns. If any term or provision of this Assignment shall be held invalid or
unenforceable, the remainder of this Assignment shall not be affected. This Assignment shall be construed in accordance with and governed by the laws of the State of [_________]. Nothing in this Assignment shall impair, limit or lessen any of the
rights of the parties with respect to the provisions of the Agreement which were intended to survive the Closing Date. Nothing in this Assignment, express or implied, is intended to confer upon any person or entity, other than the parties hereto and
their respective successors and assigns, any rights or remedies. 

  
 EXHIBIT F 

Page 3 

 IN WITNESS WHEREOF, the undersigned have caused this instrument to be executed as of the date
written above. 
 [Signature Pages to Follow] 

  
 EXHIBIT F 

Page 4 

 
			
	SELLER:

 
			
	
	  

	a	 	  

 
			
	
	BUYER:

 
			
	
	  

	a	 	  

  
 EXHIBIT F 

Page 5 

 EXHIBIT A 

DESCRIPTION OF PROPERTY 

[ATTACHED] 

  
 EXHIBIT F 

Page 6 

 EXHIBIT B 

DESCRIPTION OF TANGIBLE PROPERTY 

[ATTACHED] 

  
 EXHIBIT F 

Page 7 

 EXHIBIT C-1 

LIST OF LEASES UNDER WHICH BUYER ASSUMES 

OBLIGATIONS AFTER THE CLOSING DATE 

[ATTACHED] 

  
 EXHIBIT F 

Page 8 

 EXHIBIT C-2 

LIST OF LEASES UNDER WHICH BUYER ASSUMES 

OBLIGATIONS BEFORE AND AFTER THE CLOSING DATE 

[ATTACHED] 

  
 EXHIBIT F 

Page 9 

 EXHIBIT D-1 

LIST OF CONTRACTS UNDER WHICH BUYER ASSUMES 

OBLIGATIONS AFTER THE CLOSING DATE 

[ATTACHED] 

  
 EXHIBIT F 

Page 10 

 EXHIBIT D-2 

LIST OF CONTRACTS UNDER WHICH BUYER ASSUMES 

OBLIGATIONS BEFORE AND AFTER THE CLOSING DATE 

[ATTACHED] 

  
 EXHIBIT F 

Page 11 

 EXHIBIT G 

Form of FIRPTA Affidavit 

(Attached) 

  
 EXHIBIT G 

Page 1 

 FIRPTA CERTIFICATE 

                       
          (“Member”) is the sole owner of
                                 (“Seller”). Seller, a
disregarded entity for U.S. tax purposes, is the transferor of certain real property more particularly described on Exhibit A attached hereto (the “Property”). 

Section 1445 of the Internal Revenue Code of 1986, as amended (the “Code”) provides that a transferee of a U.S. real
property interest must withhold tax if the transferor is a foreign person. For U.S. tax purposes (including Section 1445 of the Code), the owner of a disregarded entity (which has legal title to a U.S. real property interest under local law)
will be the transferor of the property and not the disregarded entity. To inform the transferee that withholding of tax will not be required in connection with the disposition of the Property pursuant to that certain Purchase and Sale Agreement and
Escrow Instructions dated as of                             , 20    , by
and between                         , a
                         (“Buyer”) and Seller, the undersigned certifies the following on behalf of
Member: 
 1.           Member is not a foreign corporation, foreign Company, foreign
trust or foreign estate, as those terms are defined in the Code and the regulations promulgated thereunder; 

2.           Member is not a disregarded entity as defined in Treasury Regulations
§1.1445- 2(b)(2)(iii), 
  

	 	3.	Member’s U.S. employer identification number is                         , and

  

	 	4.	Member’s address is: 800 Newport Center Drive, Suite 700, Newport Beach, California 92660. 

It is understood that this certificate may be disclosed to the Internal Revenue Service and that any false statement contained herein could be
punished by fine, imprisonment, or both. 
 Under penalties of perjury I declare that I have examined the foregoing certification and, to
the best of my knowledge and belief, it is true, correct and complete, and I further declare that I have authority to sign this document on behalf of Member. 

Date:                         
           , 20         
  

  
 EXHIBIT G 

Page 2 

 Exhibit A 

Legal Description 
 (Attached)

  

  
 EXHIBIT G 

Page 3 

 EXHIBIT H 

Form of Tenant Notice 
 (Attached)

  

  
 EXHIBIT H 

Page 1 

 NOTICE TO TENANTS 

[Date] 
 [Project Name] 

[Address] 
 [City/State/ZIP] 

Dear Tenant: 
 Notice is hereby given to the
tenants of                              (the “Property”) that
                                        ,
a                                         
(“Seller”), the current owner of the Property, has sold the Property to
                                        , a
                                        
(“Buyer”) effective [date of takeover]. Buyer has assumed all of the obligations of landlord under your lease, including any obligations with respect to your security deposit, if any, which has been
transferred to Buyer. 
  

			
	Sincerely,
	
	“SELLER”
	
	  

	a                                    
                                  
	
	“BUYER”
	
	  

	a                                    
                                  

  
 EXHIBIT H 

Page 2 

 EXHIBIT I 

Form of Owners Affidavit 
 TITLE ORDER: 

ESCROW ORDER: 
 PROPERTY: 

COUNTY: 
 STATE: 

                       
                         , a
                                         
        (“Seller”), as seller, and
                                         
           , a
                                         
                    (“Buyer”), as buyer, are parties to that certain Purchase and Sale Agreement and Escrow Instructions (the “Purchase
Agreement”) dated                                     ,
20    , as the same has been amended and modified, relating to the improved real property (the “Real Property”) referred to in Exhibit “A” attached hereto and made a part hereof. 

In connection with the consummation of the transactions contemplated by the Purchase Agreement, Seller hereby represents and warrants to First
American Title Insurance Company the following: 
  

	1.	Seller is a limited liability company organized and validly existing under the laws of the State
of                                     .

  

	2.	To Seller’s actual knowledge, (i) Seller’s operating agreement is in full force and effect, and (ii) no proceedings are pending for the dissolution of the Seller. 

 

	3.	To Seller’s actual knowledge, the leases described on Exhibit “B” attached hereto constitute all of the written leases affecting the Real Property with the current tenants of the Real Property.

  

	4.	To Seller’s actual knowledge, except as disclosed in Exhibit ”C” attached hereto and made a part hereof, (a) there is no capital improvement work currently being constructed (or that was
constructed during the last 3 months) on the Real Property that is the subject of a written contract with Seller which could give rise to a mechanic’s or materialman’s lien on the Real Property, and (b) Seller has not entered into any
contracts for the furnishing of labor, materials, or services for construction purposes with respect to the Real Property to be furnished subsequent to the date of this affidavit. 

 

	5.	Seller shall not hereafter cause any encumbrances or other instruments to be recorded against the Property (other than the recording of a deed (the “Deed”) transferring fee title to the Real Property to
                        ) through the date the Deed is recorded in
                     County,
                        . 

For purposes hereof, the “actual knowledge” of Seller shall be limited to the actual knowledge (and not implied, imputed, or constructive) of
                                        
(whom the Seller represents is the asset manager for the Real Property), with no duty of inquiry. Notwithstanding anything contained herein to the contrary, the representations and warranties set forth in this 

  
 EXHIBIT I 

Page 1 

 Owner’s Affidavit shall only survive the closing of the transactions contemplated by the Purchase Agreement
for one (1) year, after which date this Owner’s Affidavit shall be of no further force or effect and First American Title Insurance Company shall have no further rights hereunder (notwithstanding that one or more of the representations
and/or warranties set forth herein may prove to be incorrect). This Owner’s Affidavit is being executed for the sole and exclusive benefit of First American Title Insurance Company and no other party or person shall have any rights hereunder.

 Executed as of                     ,
20     
 [SIGNATURES ON NEXT PAGE] 
  

  
 EXHIBIT I 

Page 2 

 
			
	SELLER:
	
	  

	a                                    
                                  

  
 EXHIBIT I 

Page 3 

 EXHIBIT J 

Florida Department of Community Affairs Energy Efficiency Rating Disclosure 

(Attached) 
  

  
 EXHIBIT J 

Page 1 

 

 

  
 EXHIBIT J 

Page 2 

 

 
  

  
 EXHIBIT J 

Page 3 

 EXHIBIT K 

Washington Disclosure Statement 

(Attached) 
  

  
 EXHIBIT K 

Page 1 

 THE PLAZA BUILDINGS 

NOTICE TO THE BUYER 
 THE
FOLLOWING DISCLOSURES ARE MADE BY SELLER ABOUT THE CONDITION OF THE PROPERTY LOCATED AT 2002-2018 156TH AVENUE NE, AND 15801-15805 NE 24TH
STREET, CITY OF BELLEVUE, COUNTY OF KING (“THE PROPERTY”) OR AS LEGALLY DESCRIBED ON THE ATTACHED EXHIBIT A. SELLER MAKES THE FOLLOWING ENVIRONMENTAL DISCLOSURES OF EXISTING MATERIAL FACTS OR MATERIAL DEFECTS TO BUYER BASED ON
SELLER’S ACTUAL KNOWLEDGE OF THE PROPERTY AT THE TIME SELLER COMPLETES THIS DISCLOSURE STATEMENT. UNLESS YOU AND SELLER OTHERWISE AGREE IN WRITING, YOU HAVE THREE (3) BUSINESS DAYS FROM THE DAY SELLER OR SELLER’S AGENT DELIVERS THIS
DISCLOSURE STATEMENT TO YOU TO RESCIND THE AGREEMENT BY DELIVERING A SEPARATELY SIGNED WRITTEN STATEMENT OF RESCISSION TO SELLER OR SELLER’S AGENT. IF THE SELLER DOES NOT GIVE YOU A COMPLETED DISCLOSURE STATEMENT, THEN YOU MAY WAIVE THE RIGHT
TO RESCIND PRIOR TO OR AFTER THE TIME YOU ENTER INTO A PURCHASE AND SALE AGREEMENT. 
     THE FOLLOWING ARE DISCLOSURES
MADE BY SELLER AND ARE NOT THE REPRESENTATIONS OF ANY REAL ESTATE LICENSEE OR OTHER PARTY. THIS INFORMATION IS FOR DISCLOSURE ONLY AND IS NOT INTENDED TO BE A PART OF ANY WRITTEN AGREEMENT BETWEEN BUYER AND SELLER. 

    FOR A MORE COMPREHENSIVE EXAMINATION OF THE SPECIFIC CONDITION OF THIS PROPERTY YOU ARE ADVISED TO OBTAIN AND PAY FOR
THE SERVICES OF QUALIFIED EXPERTS TO INSPECT THE PROPERTY, WHICH MAY INCLUDE, WITHOUT LIMITATION, ARCHITECTS, ENGINEERS, LAND SURVEYORS, PLUMBERS, ELECTRICIANS, ROOFERS, BUILDING INSPECTORS, ON-SITE WASTEWATER
TREATMENT INSPECTORS, OR STRUCTURAL PEST INSPECTORS. THE PROSPECTIVE BUYER AND SELLER MAY WISH TO OBTAIN PROFESSIONAL ADVICE OR INSPECTIONS OF THE PROPERTY OR TO PROVIDE APPROPRIATE PROVISIONS IN A CONTRACT BETWEEN THEM WITH RESPECT TO ANY ADVICE,
INSPECTION, DEFECTS OR WARRANTIES. 
  

  
 EXHIBIT K 

Page 2 

							
	ENVIRONMENTAL	 		 	
	[X ] Yes	 	[ ] No	 	[ ] Don’t	 	*A. Have there been any flooding, standing water, or drainage problems
		 		 	know	 	on the property that affect the property or access to the property?
				
		 		 		 	On 6/25/17, a water line to the coffee maker in Suite 300 came loose and
		 		 		 	caused a water leak. The water was immediately mitigated and repairs
		 		 		 	to the damaged areas is underway at this time.
				
	[ ] Yes	 	[X ] No	 	[ ] Don’t	 	*B. Is there any material damage to the property from fire, wind, floods,
		 		 	know	 	beach movements, earthquake, expansive soils, or landslides?
				
		 		 		 	There was a small roof fire at USB on 7/13/17 but the damage is not
		 		 		 	material.
				
	[ ] Yes	 	[ X] No	 	[ ] Don’t	 	*C. Are there any shorelines, wetlands, floodplains, or critical areas on
		 		 	know	 	the property?
				
	[X] Yes	 	[ ] No	 	[ ] Don’t	 	*D. Are there any substances, materials, or products in or on the
		 		 	know	 	property that may be environmental concerns, such as asbestos,
		 		 		 	formaldehyde, radon gas, lead-based paint, fuel or chemical storage
		 		 		 	tanks, or contaminated soil or water?
				
		 		 		 	Know areas of asbestos is the adhesive on the back of the restroom
		 		 		 	mirrors that were installed by a prior owner. There was also asbestos
		 		 		 	found in the floor mastic on the 8th floor of US Bank Building.
				
	[ ] Yes	 	[X] No	 	[ ] Don’t	 	*E. Is there any soil or groundwater contamination?
		 		 	know	 	
				
	[ ] Yes	 	[ X] No	 	[ ] Don’t	 	*F. Has the property been used as a legal or illegal dumping site?
		 		 	know	 	
				
	[ ] Yes	 	[X ] No	 	[ ] Don’t	 	*G. Has the property been used as an illegal drug manufacturing site?
		 		 	know	 	

 The foregoing answers and attached explanations (if any) are complete and correct to the best of Seller’s knowledge and
Buyer has received a copy hereof. 
 Date:    10/19/2017 

  
 EXHIBIT K 

Page 3 

 BELLEVUE TECHNOLOGY CENTER 

NOTICE TO THE BUYER 
 THE
FOLLOWING DISCLOSURES ARE MADE BY SELLER ABOUT THE CONDITION OF THE PROPERTY LOCATED AT 2002-2018 156TH AVENUE NE, AND 15801-15805 NE 24TH
STREET, CITY OF BELLEVUE, COUNTY OF KING (“THE PROPERTY”) OR AS LEGALLY DESCRIBED ON THE ATTACHED EXHIBIT A. SELLER MAKES THE FOLLOWING ENVIRONMENTAL DISCLOSURES OF EXISTING MATERIAL FACTS OR MATERIAL DEFECTS TO BUYER BASED ON
SELLER’S ACTUAL KNOWLEDGE OF THE PROPERTY AT THE TIME SELLER COMPLETES THIS DISCLOSURE STATEMENT. UNLESS YOU AND SELLER OTHERWISE AGREE IN WRITING, YOU HAVE THREE (3) BUSINESS DAYS FROM THE DAY SELLER OR SELLER’S AGENT DELIVERS THIS
DISCLOSURE STATEMENT TO YOU TO RESCIND THE AGREEMENT BY DELIVERING A SEPARATELY SIGNED WRITTEN STATEMENT OF RESCISSION TO SELLER OR SELLER’S AGENT. IF THE SELLER DOES NOT GIVE YOU A COMPLETED DISCLOSURE STATEMENT, THEN YOU MAY WAIVE THE RIGHT
TO RESCIND PRIOR TO OR AFTER THE TIME YOU ENTER INTO A PURCHASE AND SALE AGREEMENT. 
     THE FOLLOWING ARE DISCLOSURES
MADE BY SELLER AND ARE NOT THE REPRESENTATIONS OF ANY REAL ESTATE LICENSEE OR OTHER PARTY. THIS INFORMATION IS FOR DISCLOSURE ONLY AND IS NOT INTENDED TO BE A PART OF ANY WRITTEN AGREEMENT BETWEEN BUYER AND SELLER. 

    FOR A MORE COMPREHENSIVE EXAMINATION OF THE SPECIFIC CONDITION OF THIS PROPERTY YOU ARE ADVISED TO OBTAIN AND PAY FOR
THE SERVICES OF QUALIFIED EXPERTS TO INSPECT THE PROPERTY, WHICH MAY INCLUDE, WITHOUT LIMITATION, ARCHITECTS, ENGINEERS, LAND SURVEYORS, PLUMBERS, ELECTRICIANS, ROOFERS, BUILDING INSPECTORS, ON-SITE WASTEWATER
TREATMENT INSPECTORS, OR STRUCTURAL PEST INSPECTORS. THE PROSPECTIVE BUYER AND SELLER MAY WISH TO OBTAIN PROFESSIONAL ADVICE OR INSPECTIONS OF THE PROPERTY OR TO PROVIDE APPROPRIATE PROVISIONS IN A CONTRACT BETWEEN THEM WITH RESPECT TO ANY ADVICE,
INSPECTION, DEFECTS OR WARRANTIES. 

  
 EXHIBIT K 

Page 4 

							
	ENVIRONMENTAL	 		 	
	[ ] Yes	 	[ X] No	 	[ ] Don’t	 	*A. Have there been any flooding, standing water, or drainage problems
		 		 	know	 	on the property that affect the property or access to the property?
				
	[ ] Yes	 	[X ] No	 	[ ] Don’t	 	*B. Is there any material damage to the property from fire, wind, floods,
		 		 	know	 	beach movements, earthquake, expansive soils, or landslides?
				
	[ ] Yes	 	[ X] No	 	[ ] Don’t	 	*C. Are there any shorelines, wetlands, floodplains, or critical areas on
		 		 	know	 	the property?
				
	[ ] Yes	 	[X ] No	 	[ ] Don’t	 	*D. Are there any substances, materials, or products in or on the
		 		 	know	 	property that may be environmental concerns, such as asbestos,
		 		 		 	formaldehyde, radon gas, lead-based paint, fuel or chemical storage
		 		 		 	tanks, or contaminated soil or water?
				
	[ ] Yes	 	[ X] No	 	[ ] Don’t	 	*E. Is there any soil or groundwater contamination?
		 		 	know	 	
				
	[ ] Yes	 	[X ] No	 	[ ] Don’t	 	*F. Has the property been used as a legal or illegal dumping site?
		 		 	know	 	
				
	[ ] Yes	 	[ X] No	 	[ ] Don’t	 	*G. Has the property been used as an illegal drug manufacturing site?
		 		 	know	 	

 The foregoing answers and attached explanations (if any) are complete and correct to the best of Seller’s knowledge and
Buyer has received a copy hereof. 
 Date:    10/19/2017 
  

  
 EXHIBIT K 

Page 5 

 SCHEDULE 1 

Title Reports 
  

					
	 PROPERTY

NAME
	 	 TITLE

COMPANY
	 	 TITLE

COMMITMENT
 AND

EFFECTIVE
 DATE

	 Northridge

Center
	 	 First American

Title Insurance
 Company
	 	 Title Commitment

Number NCS-
 762885-11-SA1
 dated September 20, 2017

	Iron Point	 	 First American

Title Insurance
 Company
	 	 Title
Commitment
 Number NCS-
 762885-01-SA1
 dated October 10, 2017

	 Bellevue

Technology
 Center
	 	 First American

Title Insurance
 Company
	 	 Title Commitment

Number NCS-
 762885-12-SA1 dated September 22, 2017

	 Powers Ferry

Landing
	 	 First American

Title Insurance
 Company
	 	Title Commitment Number NCS-
762885-04-SA1 dated September 20, 2017
	 1800 West Loop

South
	 	 First American

Title Insurance
 Company
	 	Title Commitment Number NCS-
762885-10-SA1 dated October 10, 2017
	West Loop I & II	 	 First American

Title Insurance
 Company
	 	Title Commitment Number NCS-
762885-09-SA1 dated September 25, 2017
	 Great Hills Plaza

 
 Westech 360
	 	 First American

Title Insurance
 Company
	 	Title Commitment Number NCS-
762885-05-SA1 dated September 25, 2017
	Westmoor Center	 	 First American

Title Insurance
 Company
	 	Title Commitment Number NCS-
762885-13-SA1 dated September 27, 2017

  
 Schedule 1 

Page 1 

					
	 PROPERTY

NAME
	 	 TITLE

COMPANY
	 	 TITLE

COMMITMENT
 AND

EFFECTIVE
 DATE

	 Maitland

Promenade II
	 	 First American

Title Insurance
 Company
	 	 Title Commitment

Number NCS-
 762885-14-SA1
 dated September 15, 2017

	 The Plaza

Buildings
	 	 First American

Title Insurance
 Company
	 	 Title Commitment

Number NCS-
 762885-08-SA1
 dated September 22, 2017

  

  
 Schedule 1 

Page 2 

 SCHEDULE 2 

Disclosures 
 KBS SOR Northridge, LLC 

None. 
 KBS SOR Iron Point,
LLC 
 Tenant breaches of material terms of existing leases: 

									
	Tenant	  	Breach	  	Date	  	Delinquent Balance	  	Comments
	Fortuna	  	Default	  	9/8/2017	  	$8,881	  	Termination agreement has been
		  		  		  		  	executed. See below for additional
		  		  		  		  	comments.

 The lease termination date is 11/1/17. Per the termination agreement, Fortuna will become current on past due rent by December
1st. In addition, management will retain their security deposit in the amount of $4,076.10. 
 KBS
SOR 156th Avenue Northeast, LLC 
 City of Bellevue Fire Department violation September 27, 2017: 

	 	•	 	Fire protection equipment is not identified in an approved manner 

	 	•	 	Rooms containing controls for air-conditioning systems, sprinkler risers and valves, or other fire detection, suppression or control elements are not properly identified for the
use of the fire department 

	 	•	 	Fire alarm rooms are not properly identified 

	 	•	 	Fire alarm panel and building addresses do not match 

 Property management is working with a vendor to cure the
deficiencies. 
 KBS SOR Powers Ferry Landing East, LLC 

None. 
 KBS SOR 1800 West Loop South, LLC 

Tenant breaches of material terms of existing leases: 
  

									
	 Tenant
	  	 Breach
	  	 Date
	  	 Delinquent

Balance
	  	 Comments

	Bellelli USA, LLC	  	Default	  	9/8/2017	  	$9,053	  	Lock has been changed
	Skyline Deli & Grill, Inc	  	Default	  	7/6/2017	  	$3,104	  	

  

  
 Schedule 2 

Page 1 

 Pending Litigation: 

There is an ongoing action in connection with protesting the 2016 property taxes assessed to the property. 

KBS SOR 6565-6575 West Loop South, LLC 
 Pending
Litigation: 
 University General Hospital, a previous tenant, filed Chapter 11 bankruptcy in 2015. The latest update from Mayer Brown, the leasing
counsel for the property, is that the courts granted the debtors another extension until April 30, 2018. 
 KBS SOR Austin Suburban Portfolio, LLC
(Great Hills Plaza) 
 None. 
 KBS SOR Austin Suburban
Portfolio, LLC (Westech 360) 
 None. 
 KBS SOR
Westmoor Center, LLC 
 None. 
 KBS SOR Maitland
Promenade II, LLC 
 None. 
 KBS SOR Plaza Bellevue,
LLC 
 Tenant breaches of material terms of existing leases: 

The tenant Basho is in Bankruptcy. Expected not to receive any disbursement. 

Written notices received alleging tenant defaults of material obligations in existing leases: 

 

									
	Tenant	  	Breach	  	Date	  	 Delinquent

Balance
	  	Comments
	Concord Ventures, Inc.	  	Default	  	10/3/2017	  	$16,926	  	5 day notice sent

  

  
 Schedule 2 

Page 2 

 SCHEDULE 3 

Form of California Natural Hazard Disclosure Statement 

NATURAL HAZARD DISCLOSURE STATEMENT 
 The
Seller discloses the following information with the knowledge that even though this is not a warranty, prospective buyers may rely on this information in deciding whether and on what terms to purchase the subject property. Seller hereby authorizes
any agent(s) representing any principal(s) in this action to provide a copy of this statement to any person or entity in connection with any actual or anticipated sale of the property. 

THE FOLLOWING ARE DISCLOSURES MADE BY THE SELLER AND HIS OR HER AGENT(S) BASED ON THEIR ACTUAL KNOWLEDGE AND MAPS DRAWN BY THE STATE. THIS INFORMATION IS A
DISCLOSURE AND IS NOT INTENDED TO BE PART OF ANY CONTRACT BETWEEN THE PURCHASER AND THE SELLER. 
 The disclosures made in this Natural Hazard Disclosure
Statement are based upon information provided by an independent third party as a substitute disclosure pursuant to California Civil Code 1102.4. Seller has not independently verified the information contained herein, but is not personally aware of
any errors or inaccuracies in the information contained herein. 
 WITH RESPECT TO THE REAL PROPERTY DESCRIBED IN EXHIBIT A ATTACHED HERETO, THIS REAL
PROPERTY LIES WITHIN THE FOLLOWING HAZARDOUS AREA(S): 
 A VERY HIGH FIRE HAZARD SEVERITY ZONE pursuant to Section 51178 or 51179 of the
Government Code. The owner of this property is subject to the maintenance requirements of Section 51182 of the Government Code. 

Yes______________    No_______________ 

A WILDLAND AREA THAT MAY CONTAIN SUBSTANTIAL FOREST FIRE RISKS AND HAZARDS pursuant to Section 4125 of the Public Resources Code. The owner of
this property is subject to the maintenance requirements of Section 4291 of the Public Resources Code. Additionally, it is not the state’s responsibility to provide fire protection services to any building or structure located within the
wildlands unless the Department of Forestry and Fire Protection has entered into a cooperative agreement with a local agency for those purposes pursuant to Section 4142 of the Public Resources Code. 

Yes______________    No________________ 

AN EARTHQUAKE FAULT ZONE pursuant to Section 2622 of the Public Resources Code. 

Yes _____________    No________________ 

A SEISMIC HAZARD ZONE pursuant to Section 2696 of the Public Resources Code. 

Yes (Landslide Zone)__ Yes (Liquefaction Zone)__    No___ Map not yet released by State ___ 

 

  
 Schedule 3 

Page 1 

 A SPECIAL FLOOD HAZARD AREA (Zone ‘A’) designated by the Federal Emergency Management Agency.

  

					
	 Yes______________
	  	 No______________
	  	 Do not know/information not available from local jurisdiction ______________

 AN AREA OF POTENTIAL FLOODING shown on an inundation map pursuant to Section 8589.5 of the Government Code.

  

					
	 Yes______________
	  	 No______________
	  	 Do not know/information not available from local jurisdiction ______________

 THESE HAZARDS MAY LIMIT YOUR ABILITY TO DEVELOP THE REAL PROPERTY, TO OBTAIN INSURANCE, OR TO RECEIVE ASSISTANCE AFTER A DISASTER.

 THE MAPS ON WHICH THESE DISCLOSURES ARE BASED ESTIMATE WHERE NATURAL HAZARDS EXIST. THEY ARE NOT DEFINITIVE INDICATORS OF WHETHER OR NOT A PROPERTY WILL BE
AFFECTED BY A NATURAL DISASTER. PURCHASER(S) AND SELLER(S) MAY WISH TO OBTAIN PROFESSIONAL ADVICE REGARDING THOSE HAZARDS. 
 PURCHASER ACKNOWLEDGES AND AGREES
THAT THIS NATURAL HAZARD DISCLOSURE STATEMENT IS BEING DELIVERED TO COMPLY WITH APPLICABLE LAW AND DOES NOT, AND IS NOT INTENDED TO, CONSTITUTE REPRESENTATIONS AND WARRANTIES FROM SELLER. 

[SIGNATURES ON NEXT PAGE] 
  

  
 Schedule 3 

Page 2 

 Subject to the terms set forth above, Seller certifies that the information herein is true and correct to the best of
the Seller’s actual knowledge as of the date signed by the Seller. 
 SELLER: 

 

					
	  

		
	By:    	 	  

		 	  

		
		 	By:                             
                       
		 	Name:                             
                  
		 	Title:                             
                    

 Date
                                         
    

  
 Schedule 3 

Page 3 

 Purchaser certifies that it has read and understands this document. 

PURCHASER: 
  

					
	  
	 	
	a	 	  
	 	
	  
	 	]

  
 Schedule 3 

Page 4 

 SCHEDULE 4 

Intentionally Deleted 

  
 Schedule 4 

Page 1 

 SCHEDULE 5 

Notice Address 
 If to Buyer, addressed to Buyer
as follows: 
 c/o Keppel-KBS US REIT Management Pte. Ltd. 

(as manager of Keppel-KBS US REIT) 

230 Victoria Street 
 #05-08, Burgis Junction Towers 
 Singapore, 188024 

Attention: Andy Gwee 
 Telephone
No: (65) 6803-1662 
 If to Seller, addressed to Seller as follows: 

c/o KBS Capital Advisors LLC 

800 Newport Center Drive, Suite 700 

Newport Beach, CA 92660 

Attention: Brian Ragsdale 

Telephone No: (949) 797-0305 

Fax No.: (949) 417-6501 

If to Escrow Holder, addressed to Escrow Holder as follows: 

First American Title Insurance Company 

18500 Von Karman Avenue, Suite 600 

Irvine, California 92612 

Attention: Patty Beverly 

Telephone No.: (949) 885-2465 

Fax No.: (877) 372-0260 

Copies of all notices to also be sent to: 

Sheppard Mullin Richter & Hampton, LLP 

650 Town Center Drive, 4th Floor 

Costa Mesa, CA 92626 

Attention: Scott Morehouse 

Telephone No: (714) 424-2865 

Fax No.: (714) 428-5995 

  
 Schedule 5 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 1.
	  	 BASIC TERMS AND DEFINITIONS; REFERENCES
	  	 	1	 
			
	 2.
	  	 PURCHASE AND SALE
	  	 	2	 
			
	 3.
	  	 PURCHASE PRICE
	  	 	3	 
			
	 4.
	  	 PROPERTY INFORMATION; TITLE POLICIES; INSPECTIONS;
	  			
		  	 CONFIDENTIALITY
	  	 	4	 
			
	 5.
	  	 OPERATIONS AND RISK OF LOSS
	  	 	8	 
			
	 6.
	  	 SELLER’S AND BUYER’S DELIVERIES
	  	 	10	 
			
	 7.
	  	 CONDITIONS TO BUYER’S AND SELLER’S OBLIGATIONS
	  	 	12	 
			
	 8.
	  	 CLOSE OF ESCROW; POSSESSION
	  	 	15	 
			
	 9.
	  	 ESCROW
	  	 	15	 
			
	 10.
	  	 PRORATIONS
	  	 	17	 
			
	 11.
	  	 SELLER’S REPRESENTATIONS AND WARRANTIES;
AS-IS
	  	 	20	 
			
	 12.
	  	 BUYER’S COVENANTS, REPRESENTATIONS AND WARRANTIES;
	  			
		  	 RELEASE; ERISA; INDEMNIFICATION
	  	 	26	 
			
	 13.
	  	 DEFAULT AND DAMAGES
	  	 	28	 
			
	 14.
	  	 NO BROKER
	  	 	29	 
			
	 15.
	  	 MISCELLANEOUS PROVISIONS
	  	 	29EX-10.19

 Exhibit 10.19 

EXECUTION 
 UNDERWRITING AGREEMENT 

2 NOVEMBER 2017 
 Between 

KEPPEL-KBS US REIT MANAGEMENT PTE. LTD. 

as the Manager of 
 Keppel-KBS US REIT 
 KBS PACIFIC ADVISORS PTE. LTD. 

as the Sponsor 
 KEPPEL CAPITAL HOLDINGS PTE.
LTD. 
 as the Sponsor 
 GKP HOLDING
LLC 
 as the KPA Guarantor 
 KBS SOR
PROPERTIES, LLC 
 as the Unit Lender 

KEPPEL CAPITAL INVESTMENT HOLDINGS PTE. LTD. 

as the Unit Lender 
 DBS BANK LTD. 

as the Sole Financial Adviser and Issue Manager, Joint Bookrunner and Underwriter 

MERRILL LYNCH (SINGAPORE) PTE. LTD. 
 as the
Joint Bookrunner and Underwriter 
 CITIGROUP GLOBAL MARKETS SINGAPORE PTE. LTD. 

as the Joint Bookrunner and Underwriter 
 and

 CREDIT SUISSE (SINGAPORE) LIMITED 

as the Joint Bookrunner and Underwriter 

INITIAL PUBLIC OFFERING OF UNITS IN 
 KEPPEL-KBS US REIT 
  
 

 
 Allen & Overy 

 CONTENTS 
  

							
	Clause	  	 	Page	 
			
	1.	 	Interpretation	  	 	3	 
	2.	 	Subscription, Purchase and Stabilisation	  	 	19	 
	3.	 	Representations and Warranties	  	 	25	 
	4.	 	Undertakings by the Manager, the Sponsors and the Unit Lenders	  	 	66	 
	5.	 	Representations, Warranties and Undertakings by the Joint Bookrunners and Underwriters	  	 	74	 
	6.	 	Commissions, costs and expenses	  	 	75	 
	7.	 	Closing and conditions	  	 	79	 
	8.	 	Termination	  	 	88	 
	9.	 	Indemnification and Contribution	  	 	90	 
	10.	 	General	  	 	95	 
	11.	 	Notices	  	 	98	 
	12.	 	Law and jurisdiction	  	 	100	 
	13.	 	Counterparts	  	 	102	 
	14.	 	KPA Guarantee	  	 	102	 
	15.	 	Amendments and Variations	  	 	107	 
		
	Schedule	  			
			
	1.	 	The Joint Bookrunners and Underwriters	  	 	108	 
	2.	 	Lock-up Letters	  	 	109	 
		 	Part 1         Lock-Up Letter from Keppel Capital Investment Holdings Pte. Ltd.	  	 	109	 
		 	Part 2         Lock-Up Letter from Keppel Capital Holdings Pte. Ltd.	  	 	118	 
		 	Part 3         Lock-Up Letter from KBS Strategic Opportunity REIT, Inc.	  	 	127	 
		 	Part 4         Lock-Up Letter from KBS SOR (BVI) Holdings Ltd.	  	 	136	 
		 	Part 5         Lock-Up Letter from KBS Strategic Opportunity Limited Partnership	  	 	145	 
		 	Part 6         Lock-Up Letter from KBS SOR Properties, LLC	  	 	154	 
		 	Part 7         Lock-Up Letter from the Manager	  	 	163	 
	3.	 	Form of Manager Certificate	  	 	171	 
	4.	 	Form of Sponsor Certificate	  	 	173	 
	5.	 	Form of Unit Lender Certificate	  	 	175	 
	6.	 	Form of Stabilising Manager Appointment Letter	  	 	177	 
	7.	 	Notice of Exercise of Over Allotment Option	  	 	178	 
	8.	 	Form of Title Insurance Policies	  	 	180	 
	9.	 	Boxed Sections of the Preliminary Prospectus and the Prospectus	  	 	181	 

  

 THIS AGREEMENT is made on 2 November 2017 

BETWEEN: 
  

	(1)	 KEPPEL-KBS US REIT MANAGEMENT PTE. LTD. (Company Registration Number:
201719652G), a company incorporated under the laws of Singapore, whose principal place of business is situated at 1 Harbourfront Avenue #18-01 Keppel Bay Tower, Singapore 098632 (the Manager);

  

	(2)	 KBS PACIFIC ADVISORS PTE. LTD. (Company Registration Number: 201718171M), a company incorporated under the
laws of Singapore, whose registered office is at 60 Paya Lebar Road, #11-06, Paya Lebar Square, Singapore 409051 (KPA); 

 

	(3)	 KEPPEL CAPITAL HOLDINGS PTE. LTD. (Company Registration Number: 201302079N), a company incorporated under
the laws of Singapore, whose registered office is at 1 Harbourfront Avenue, #18-01, Keppel Bay Tower, Singapore 098632 (KC, and together with KPA, the Sponsors); 

 

	(4)	 GKP HOLDING LLC, a limited liability company formed under the laws of the State of Delaware, whose
registered office is at 3500 South Dupon Highway, Dover, County of Kent, Delaware (the KPA Guarantor); 

  

	(5)	 KBS SOR PROPERTIES, LLC, a limited liability company formed under the laws of the State of Delaware, whose
registered office is at 1679 S. Dupont Hwy, Suite 100, in the City of Dover, 19901 (KBS SORP, and together with KCIH, the Unit Lenders or the Relevant Entities); 

 

	(6)	 KEPPEL CAPITAL INVESTMENT HOLDINGS PTE. LTD. (Company Registration Number: 201633284D), a company
incorporated under the laws of Singapore whose registered office is at 1 Harbourfront Avenue, #18-01, Keppel Bay Tower, Singapore 098632 (KCIH); 

 

	(7)	 DBS BANK LTD. (Company Registration Number: 196800306E), a company incorporated under the laws of
Singapore, whose registered office is at 12 Marina Boulevard, Marina Bay Financial Centre Tower 3, Singapore 018982 (DBS); 

  

	(8)	 MERRILL LYNCH (SINGAPORE) PTE. LTD. (Company Registration Number: 198602883D), a company incorporated
under the laws of Singapore, whose registered office is at 50 Collyer Quay, #14-01, OUE Bayfront, Singapore 049321 (BAML); 

 

	(9)	 CITIGROUP GLOBAL MARKETS SINGAPORE PTE. LTD. (Company Registration Number: 199002673E), a company
incorporated under the laws of Singapore, whose registered office is at 8 Marina View #21-00 Asia Square Tower 1, Singapore 018960 (Citi); and 

 

	(10)	 CREDIT SUISSE (SINGAPORE) LIMITED (Company Registration Number: 197702363D), a company incorporated under
the laws of Singapore, whose registered office is at One Raffles Link #03/#04-01 South Lobby Singapore 039393 (CS), 

(DBS, BAML, Citi and CS, collectively the Joint Bookrunners and Underwriters). 

WHEREAS: 

  
 1 

	(A)	 The Manager is the manager of Keppel-KBS US REIT, a trust constituted pursuant
to a trust deed dated 22 September 2017 (the Trust Deed), made between the Manager and Perpetual (Asia) Limited, as trustee of Keppel-KBS US REIT (the Trustee), and authorised as a
collective investment scheme under Section 286 of the Securities and Futures Act, Chapter 289 of Singapore (the SFA). 

  

	(B)	 The Manager has the exclusive right to effect, for the account of Keppel-KBS US
REIT, the issue of Units (as defined below) and the Manager proposes to effect, for the account of Keppel-KBS US REIT, the issue to the Joint Bookrunners and Underwriters or such parties as they may direct, of
262,772,400 Units. The Manager proposes to undertake the Offering (as defined below) in respect of the offering of Units as follows: 

  

	 	(1)	 an international placement of 228,681,800 Units to investors, including institutional and other investors in Singapore
(the Placement Tranche); and 

  

	 	(2)	 an offering of 34,090,600 Units to the public in Singapore (the Public Offer). 

 

	(C)	 In connection with the Offering, the Joint Bookrunners and Underwriters have been granted an over-allotment option (the
Over-Allotment Option) by the Unit Lenders, exercisable by BAML (the Stabilising Manager) (or any of its Affiliates (as defined below) or any persons acting on behalf of the Stabilising Manager) in consultation with the other Joint
Bookrunners and Underwriters, in full or in part, on one or more occasions, to acquire from the Unit Lenders, in any proportion between them as may be determined by the Stabilising Manager in consultation with the other Joint Bookrunners and
Underwriters, up to an aggregate of 31,428,200 Units at the Offering Price, representing not more than 12.0% of the total number of Units in the Offering solely to cover the over-allotment of Units (if any) made in connection with the Offering. The
Over-Allotment Option is exercisable from the Listing Date but no later than the earliest of: (i) the date falling 30 days from the Listing Date and (ii) the date when the Stabilising Manager (or any persons acting on behalf of the
Stabilising Manager) has bought, on the SGX-ST, an aggregate of 31,428,200 Units (representing not more than 12.0% of the total number of Units in the Offering) to undertake stabilising actions, to acquire
from the Unit Lenders (in equal proportions) up to an aggregate of 31,428,200 Units (representing not more than 12.0% of the total number of Units in the Offering), at the Offering Price. 

 

	(D)	 In connection with the Over-Allotment Option, the Stabilising Manager and the Unit Lenders have entered into a unit
lending agreement dated 2 November 2017 (the Unit Lending Agreement) pursuant to which the Stabilising Manager (or any of its Affiliates) may borrow from the Unit Lenders in equal proportions up to an aggregate of
31,428,200 Units (the Over-Allotment Units) for the purpose of facilitating settlement of the over-allotment of Units (if any) in connection with the Offering. 

 

	(E)	 Concurrently with, but separate from the Offering, each of the Cornerstone Investors (as defined herein) has entered
into a separate subscription agreement (collectively, the Cornerstone Subscription Agreements) to subscribe for an aggregate of 246,365,400 Units (the Cornerstone Units) at the Offering Price, conditional upon this Agreement
having been entered into, and not having been terminated, pursuant to its terms on or prior to the Listing Date. 

  

	(F)	 Concurrently with, but separate from the Offering, KBS SORP, which is an indirect wholly-owned subsidiary of KBS SOR (as
defined below), has entered into a 

  
 2 

	 	 
subscription agreement (the KBS Subscription Agreement) to subscribe for an aggregate of 59,713,600 Units (the KBS Subscription Units) at the Offering Price, conditional upon this
Agreement having been entered into, and not having been terminated, pursuant to its terms on or prior to the Listing Date. 

  

	(G)	 Concurrently with, but separate from the Offering, KCIH, which is a direct wholly-owned subsidiary of KC, has entered
into a subscription agreement (the KCIH Subscription Agreement, and together with the KBS Subscription Agreement, the Relevant Entities Subscription Agreements) to subscribe for an aggregate of 59,713,599 Units (the KCIH
Subscription Units, and together with the KBS Subscription Units, the Relevant Entities Subscription Units) at the Offering Price, conditional upon this Agreement having been entered into, and not having been terminated, pursuant
to its terms on or prior to the Listing Date. 

  

	(H)	 The Units will be offered and sold without registration of the Units under the Securities Act (as defined below) in
reliance upon an exemption from the registration requirements of the Securities Act (as defined below) provided by Regulation S (as defined below). 

  

	(I)	 In connection with the offering and sale of Units pursuant to the Public Offer (as defined below) and the Placement
Tranche, the Manager has prepared a preliminary prospectus dated 25 October 2017 (as further amended or supplemented at the date hereof, including any and all appendices and exhibits thereto, the Preliminary Prospectus), and a final
prospectus in agreed form to be dated 2 November 2017 (including the Application Forms (as defined below) to be issued therewith, any and all appendices and exhibits thereto, the Prospectus). The Preliminary Prospectus has been lodged
with the MAS (as defined herein) on 25 October 2017, and the Prospectus is expected to be registered by the MAS on or about 2 November 2017. 

  

	(J)	 A conditional letter of eligibility has been issued by Singapore Exchange Securities Trading Limited (the SGX-ST) on 6 October 2017 (the ETL Letter) for the listing and quotation of the Units on the Main Board of the SGX-ST and the admission of the Units to the
Official List of the SGX-ST (the Listing) and the Units to be issued to the Manager in full or part payment of the Manager’s fees. 

 

	(K)	 The Manager wishes to appoint DBS Bank Ltd. as receiving bank in connection with the Offering on the terms and
conditions set out in this Agreement. 

  

	(L)	 In consideration of the entry by the Joint Bookrunners and Underwriters into this Agreement, the sufficiency of which is
acknowledged, the KPA Guarantor agrees to irrevocably and unconditionally guarantee to each of the Joint Bookrunners and Underwriters as principal obligor, the due and punctual performance and observance by KPA of all of its obligations under this
Agreement. 

 IT IS AGREED as follows: 
  

	1.	 INTERPRETATION 

  

	1.1	 Definitions 

In this Agreement (including the Recitals and Schedules), unless the context otherwise requires, the following terms shall have the
following respective meanings: 

  
 3 

 1800 West Loop South means the properties and improvements located at 1800 West
Loop South, Harris County, Texas, as further described in the Preliminary Prospectus and Prospectus. 
 Acquisitions mean
the acquisitions of the Properties by the Lower-Tier Sub-US REITs from the Vendors pursuant to the Portfolio Purchase and Sale Agreement. 

Adviser means any accountant, valuer, property consultant, market consultant, market research consultant, legal adviser,
tax advisers or other professional adviser acting in connection with Keppel-KBS US REIT, the Properties, or the Offering. 

Affiliate has the meaning specified in Rule 501(b) of Regulation D under the Securities Act. 

AIFMD means the Alternative Investment Fund Managers Directive 2011/61/EU of the European Union; 

Application means application for Offering Units pursuant to the Offering. 

Application Forms means the printed application forms to be used for the purpose of the Offering and which form part of
the Prospectus. 
 BAML means Merrill Lynch (Singapore) Pte. Ltd.. 

Bellevue Technology Center means the properties and improvements located at 15805 NE 24th Street, Bellevue, King County,
Washington, as further described in the Preliminary Prospectus and Prospectus. 
 Business Day means any day other than a
Saturday, a Sunday or a legal or gazetted holiday or a day on which the SGX-ST is, or banking institutions or trust companies are, authorised or obligated by law to close in Singapore. 

CDP means The Central Depository (Pte) Limited. 

CIS Regulations means the Securities and Futures (Offers of Investments) (Collective Investment Schemes) Regulations 2005.

 Citi means Citigroup Global Markets Singapore Pte. Ltd.. 

Claims has the meaning given in Clause 9.1. 

Closing Date shall mean the First Closing Date and/or any Option Closing Date. 

CMS Licence means the capital markets services licence for real estate investment trust management dated 23 October
2017, issued by the MAS to the Manager. 
 Code means the Code on Collective Investment Schemes issued by the MAS, as
amended from time to time. 
 Commission means the United States Securities and Exchange Commission. 

Companies Act means the Companies Act, Chapter 50 of Singapore, and includes any subsidiary legislation promulgated with
respect thereto. 

  
 4 

 Completion Date means the date on which the Acquisitions are completed, which is
expected to be on the Listing Date (or such other date as may be agreed by the parties). 
 Cornerstone Investors means
Affin Hwang Asset Management Bhd, Credit Suisse AG, Singapore Branch and Credit Suisse AG, Hong Kong Branch (on behalf of certain of their private banking clients) DBS Bank Ltd. and DBS Bank Ltd. (on behalf of certain private banking clients)
and Hillsboro Capital, Ltd.. 
 Cornerstone Subscription Agreements has the meaning given in Recital (E). 

Cornerstone Units has the meaning given in Recital (E). 

CS means Credit Suisse (Singapore) Limited. 

Date of Registration means the date of registration of the Prospectus by the MAS. 

DBS means DBS Bank Ltd.. 

Depository has the meaning given in Section 81SF of the SFA. 

Depository Register has the meaning given in Section 81SF of the SFA. 

Depository Services Terms and Conditions means the CDP’s depository services terms and conditions in relation to the
deposit of the Units in CDP. 
 Document means any indenture, contract, lease mortgage, deed of trust, note agreement,
loan agreement or other agreement, obligation condition, covenant or instrument. 
 Encumbrances means any and all claims,
charges, mortgages, liens, encumbrances, restrictions, covenants, restrictive covenants, liabilities (including contingent liabilities), assignments of receivables, debentures, pledges, options (of any kind or nature), equities, powers of
sale, hypothecations, voting trusts, agreements concerning or relating to voting, proxies, retention of title, transfer restrictions, right to acquire, right of pre-emption, right of first refusal, right of
first offer, drag-along rights, tag-along rights, or other third party right or security interest of any kind or an agreement, understanding, arrangement or obligation to create any of the foregoing. 

Environment means: 
  

	 	(a)	 land, including, without limitation, surface land, sub-surface strata, sea bed
and river bed under water (as defined in paragraph (b)) and natural and man-made structures; 

  

	 	(b)	 water, including, without limitation, coastal and inland waters, surface waters, ground waters and water in drains and
sewers; and 

  

	 	(c)	 air, including, without limitation, air inside buildings and other natural and
man-made structures above or below ground. 

 Environmental Law means
applicable law (whether civil, criminal or administrative), common law, statute, subordinate legislation, treaty, regulation, directive, decision, by-law, circular, code, order, notice, demand, decree,
injunction, resolution, judgment or 

  
 5 

 resolution of a government, quasi-government, supranational, federal, state or local
government, statutory, administrative or regulatory body, court, agency or association in any part of the world with regard to the pollution or protection of the Environment, harm to or the protection of the health of humans, animals or plants
including, without limitation, laws relating to: 
  

	 	(a)	 public and worker’s health and safety; 

 

	 	(b)	 noise, vibration or radiation; 

 

	 	(c)	 the release or discharge of industrial, radioactive, dangerous, toxic or hazardous substances, waste (whether in solid,
semi-solid or liquid form or in the form of a gas or vapour) and genetically modified organisms into the Environment; or 

  

	 	(d)	 the generation, manufacture, processing, use, treatment, storage, distribution, disposal, transport or handling of any
of the substances, waste and organisms referred to in paragraph (c). 

 Exchange Act means the United States
Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder. 

Execution Time means the date and time that this Agreement is executed and delivered by the last party executing and
delivering this Agreement. 
 Experts means Allen & Gledhill LLP, as the independent Singapore tax adviser, DLA
Piper LLP, as independent U.S. tax adviser, Cushman & Wakefield of Illinois, Inc. and JLL Valuation & Advisory Services, LLC, as the independent valuers of the Properties, and Cushman & Wakefield of Illinois, Inc., as
the independent market research consultant. 
 Facility Agreement means the US$339,440,000.00 facility agreement dated 2
November 2017 entered into between the Trustee as Original Borrower, (2) Bank of America, N.A. and Citigroup Global Markets Singapore Pte. Ltd. as Arrangers, (3) the banks and financial institutions named therein as Original Lenders
and (4) Bank of America, N.A., Hong Kong Branch as Agent. 
 Facilities means the loan facilities for the Trustee
amounting to an aggregate of US$339,440,000.00 pursuant to the Facility Agreement. 
 First Closing Date shall mean,
subject to Clause 7.1(b), 9 November 2017. 
 Forward-Looking Statement includes: 

 

	 	(a)	 a statement containing a projection of revenues, income (including income loss), earnings (including earnings loss) per
unit, capital expenditures, distributions, capital structure, or other financial items, in each case, of Keppel-KBS US REIT, the Trust Group Entities or the Properties; 

 

	 	(b)	 a statement of the plans and objectives of management for future operations, including plans or objectives relating to
the business of Keppel-KBS US REIT, the Trust Group Entities or the Properties; 

  
 6 

	 	(c)	 a statement of future economic performance of Keppel-KBS US REIT, the Trust
Group Entities or the Properties, including any such statement contained in a discussion and analysis of financial condition by the management or in the results of operations; or 

 

	 	(d)	 any statement of the assumptions underlying or relating to any statement described in paragraphs (a), (b) or (c).

 Great Hills Plaza means the properties and improvements located at 9600 Great Hills Trail, Austin,
Texas, as further described in the Preliminary Prospectus and Prospectus. 
 GST means the goods and services tax levied under
the Goods and Services Tax Act, Chapter 117A of Singapore. 
 Indemnified Person shall have the meaning specified in
Clause 9.1. 
 Initial Unit means the one Unit held by KCIH as at the date of this Agreement. 

IRAS means Inland Revenue Authority of Singapore. 

Iron Point means the properties and improvements located at Iron Point Road, Folsom, Sacramento County, California, as
further described in the Preliminary Prospectus and Prospectus. 
 IRS means Internal Revenue Service of the U.S. 

Joint Bookrunners and Underwriters means DBS, BAML, Citi and CS, and Joint Bookrunner and Underwriter means any one
of them. 
 KBS means KBS Capital Advisors LLC. 

KBS BVI means KBS SOR (BVI) Holdings Ltd, which is a wholly-owned subsidiary of KBS SOLP. 

KBS Group means KPA, KBS, KBS SOR, KBS SOLP, KBS SORP, the KPA Guarantor and each of their subsidiaries, including funds
and real estate investment trusts managed by them. 
 KBS Holdings has the meaning given in Clause 14.4(a). 

KBS Management Agreement means the outsourcing agreement to be entered into prior to the Listing Date between the Trustee,
the Manager, the Manager US Sub, the KPA Guarantor, the US Asset Manager, the Parent US REIT and the Sub-US REITs. 

KBS SOLP means KBS Strategic Opportunity Limited Partnership, which is a wholly-owned subsidiary of KBS SOR. 

KBS SOR means KBS Strategic Opportunity REIT, Inc., a US REIT established in the United States managed by KBS. 

KBS SORP means KBS SOR Properties, LLC, which is a wholly-owned subsidiary of KBS BVI. 

  
 7 

 KBS Subscription Agreement has the meaning given in Recital (G). 

KBS Subscription Units has the meaning given in Recital (G). 

KC means Keppel Capital Holdings Pte. Ltd.. 

KCI means Keppel Capital International Pte. Ltd., a wholly-owned subsidiary of KC. 

KCIH means Keppel Capital Investment Holdings Pte. Ltd., a wholly-owned subsidiary of KC. 

KCIH Subscription Agreement has the meaning given in Recital (F). 

KCIH Subscription Units has the meaning given in Recital (F). 

KC Group means KC and its subsidiaries. 

Keppel Group means Keppel Corporation Limited and/or its subsidiaries. 

Keppel Management Agreement means the outsourcing agreement dated 1 November 2017 entered into between the Manager
and KCI. 
 Keppel-KBS US REIT means Keppel-KBS
US REIT, a trust constituted on 22 September 2017. Keppel-KBS US REIT does not have a separate legal personality and, accordingly, in this Agreement, references to
Keppel-KBS US REIT shall include the Manager, in its capacity as manager of Keppel-KBS US REIT, and the Trustee, in its capacity as trustee of Keppel-KBS US REIT, as appropriate. 
 KPA means KBS Pacific Advisors Pte. Ltd.. 

KPA Guarantor means GKP Holding LLC. 

KPA Lock-up Account means the following interest-bearing account to be opened by
KPA and operated by DBS Bank Ltd., details which shall be notified by DBS Bank Ltd. to KPA and KC prior to the First Closing Date. 

KPA Payment means the US$27.5 million payable by KC to KPA in connection with the acquisition by KC of a 50% interest
in the Manager, as announced by Keppel Corporation Limited on the SGXNET on 6 October 2017. 
 Leasing Agents means the
leasing agents of each Property appointed pursuant to the respective Leasing Services Agreement. 
 Leasing Services
Agreements means the following leasing services agreements: 
  

	 	(a)	 in relation to Bellevue Technology Center, a leasing services agreement to be entered into on or prior to the Listing
Date between Jones Lang LaSalle, Inc., a Washington corporation, and Keppel-KBS Bellevue Technology Center, Inc., a Delaware corporation; 

 

	 	(b)	 in relation to The Plaza Buildings, a leasing services agreement to be entered into on or prior to the Listing Date
between CBRE, Inc., and Keppel-KBS Plaza Buildings, Inc., a Delaware corporation; 

  
 8 

	 	(c)	 in relation to Iron Point, a leasing services agreement dated to be entered into on or prior to the Listing Date between
Cushman & Wakefield of California, Inc., and Keppel-KBS Iron Point, Inc., a Delaware corporation; 

  

	 	(d)	 in relation to Westmoor Center, a leasing services agreement dated to be entered into on or prior to the Listing Date
between CBRE, Inc., a Delaware corporation, and Keppel-KBS Westmoor Center, Inc., a Delaware corporation; 

  

	 	(e)	 in relation to Great Hills Plaza, a leasing services agreement to be entered into on or prior to the Listing Date
between Transwestern Property Company SW GP, L.L.C. dba Transwestern, and Keppel-KBS Great Hills Plaza, Inc., a Delaware corporation; 

 

	 	(f)	 in relation to Westech 360, a leasing services agreement to be entered into on or prior to the Listing Date between
Transwestern Property Company SW GP, L.L.C. dba Transwestern, and Keppel-KBS Westech 360, Inc., a Delaware corporation; 

 

	 	(g)	 in relation to 1800 West Loop South, a leasing services agreement to be entered into on or prior to the Listing Date
between Transwestern Property Company SW GP, L.L.C. d/b/a Transwestrern and Keppel-KBS 1800 West Loop, Inc., a Delaware corporation; 

 

	 	(h)	 in relation to West Loop I & II, a leasing services agreement to be entered into on or prior to the Listing
Date between PM Realty Group, L.P., a Delaware limited liability partnership, and Keppel-KBS West Loop I and II, Inc., a Delaware corporation; 

 

	 	(i)	 in relation to Powers Ferry, a leasing services agreement to be entered into on or prior to the Listing Date between PM
Realty Group, L.P., a Delaware limited liability partnership, and Keppel-KBS Powers Ferry Landing, Inc., a Delaware corporation; 

 

	 	(j)	 in relation to Northridge Center, a leasing services agreement to be entered into on or prior to the Listing Date
between PM Realty Group, L.P., a Delaware limited liability partnership, and Keppel-KBS Northridge Center, Inc., a Delaware corporation; and 

 

	 	(k)	 in relation to Maitland Promenade II, a leasing services agreement to be entered into on or prior to the Listing Date
between Tavistock Realty Inc., and Keppel-KBS Maitland Promenade, Inc., a Delaware corporation. 

Listing has the meaning given in Recital (J). 

Listing Date means the date on which the Units are first admitted to the Official List of the SGX-ST. 
 Listing Rules means the listing rules of the
SGX-ST for the time being in force. 
 Lock-Up
Letters means the undertakings from each of KCIH, KC, KBS SOR, KBS SOLP, KBS BVI, KBS SORP and the Manager substantially in the form set forth in Schedule 2 – Part 1 (in the case of the Lock-Up
Letter from KCIH), Schedule 2 – Part 2 (in the case of the Lock-Up Letter from KC), Schedule 2 – Part 3 (in the case of the 

  
 9 

 Lock-Up Letter from KBS SOR), Schedule 2 –
Part 4 (in the case of the Lock-Up Letter from KBS BVI), Schedule 2 – Part 5 (in the case of the Lock-Up Letter from KBS SOLP), Schedule 2 – Part 6 (in the
case of the Lock-Up Letter from KBS SORP) and Schedule 2 – Part 7 (in the case of the Lock-Up Letter from the Manager). 

Losses has the meaning given in Clause 9.1. 

Lower Tier Sub-US REIT 1 means Keppel-KBS
Bellevue Technology Center, Inc., a Delaware corporation. 
 Lower Tier Sub-US REIT
2 means Keppel-KBS Plaza Buildings, Inc., a Delaware corporation. 
 Lower Tier Sub-US REIT 3 means Keppel-KBS Iron Point, Inc., a Delaware corporation. 

Lower Tier Sub-US REIT 4 means Keppel-KBS
Westmoor Center, Inc., a Delaware corporation. 
 Lower Tier Sub-US REIT 5 means
Keppel-KBS Great Hills Plaza, Inc., a Delaware corporation. 
 Lower Tier Sub-US REIT 6 means Keppel-KBS Westech 360, Inc., a Delaware corporation. 

Lower Tier Sub-US REIT 7 means Keppel-KBS 1800
West Loop, Inc., a Delaware corporation. 
 Lower Tier Sub-US REIT 8 means Keppel-KBS West Loop I and II, Inc., a Delaware corporation. 
 Lower Tier Sub-US REIT 9 means Keppel-KBS Powers Ferry Landing, Inc., a Delaware corporation. 

Lower Tier Sub-US REIT 10 means Keppel-KBS
Northridge Center, Inc., a Delaware corporation. 
 Lower Tier Sub-US REIT 11
means Keppel-KBS Maitland Promenade, Inc., a Delaware corporation. 
 Lower Tier
Sub-US REITs means the Lower Tier Sub-US REIT 1, the Lower Tier Sub-US REIT 2, the Lower Tier
Sub-US REIT 3, the Lower Tier Sub-US REIT 4, the Lower Tier Sub-US REIT 5, the Lower Tier
Sub-US REIT 6, the Lower Tier Sub-US REIT 7, the Lower Tier Sub-US REIT 8, the Lower Tier
Sub-US REIT 9, the Lower Tier Sub-US REIT 10, and the Lower Tier Sub-US REIT 11. 

Maitland Promenade II means the properties and improvements located at 495 N Keller Road, Maitland, Orange County,
Florida, as further described in the Preliminary Prospectus and Prospectus. 
 Manager means
Keppel-KBS US REIT Management Pte. Ltd., in its capacity as manager of Keppel-KBS US REIT. 

  
 10 

 Manager US Sub means Keppel-KBS US REIT
Management Inc., a wholly-owned subsidiary of the Manager incorporated in the U.S. 
 Marketing Materials means: 

 

	 	(a)	 the roadshow presentation materials (including without limitation, slides, scripts and corporate videos) for any
roadshow or other investor presentations, whether in relation to the Offering or otherwise and approved by the Manager; 

  

	 	(b)	 the script for any call centres established in connection with the offering and sale of Offering Units pursuant to the
Public Offer and the Placement Tranche (if any); 

  

	 	(c)	 the advertising and publicity materials in relation to the offering and sale of Offering Units pursuant to the Public
Offer and the Placement Tranche, such as signboards, posters, press, brochures, radio or television materials; 

  

	 	(d)	 the contents of any website set up by the Manager relating to the offering and sale of Offering Units pursuant to the
Public Offer and the Placement Tranche (if any); 

  

	 	(e)	 any press release relating to the Offering; 

 

	 	(f)	 the product highlights sheets accompanying each of the Preliminary Prospectus and Prospectus; 

 

	 	(g)	 all alterations or amendments, in the case of materials referred to in paragraphs (a) to (f) above, as approved by
the Manager on or before the date hereof; and 

  

	 	(h)	 any other marketing materials (including any alterations or amendments to any of the materials referred to in paragraphs
(a) to (g) above) as may be, approved by the Manager after the date hereof, distributed or communicated by or on behalf of the Manager to third parties in relation to the offering and sale of Offering Units pursuant to the Public Offer and the
Placement Tranche, and which for the avoidance of doubt does not include pre-deal research reports produced by the Joint Bookrunners and Underwriters. 

MAS means the Monetary Authority of Singapore. 

MAS Waiver means the waiver granted by the MAS as set out in the letter dated 26 September 2017 issued by the MAS. 

Material Adverse Effect means a material adverse effect on the financial condition, prospects, earnings, business, results
of operations, assets or undertakings of Keppel-KBS US REIT, its subsidiaries or on the Properties, in each case taken as a whole whether or not arising in the ordinary course of business. 

Northridge Center means the properties and improvements located at 365 and 375 Northridge Road, Atlanta, Fulton County,
Georgia, as further described in the Preliminary Prospectus and Prospectus. 
 Offering means the offering of 262,772,400 Units
by the Manager for subscription at the Offering Price under the Placement Tranche and the Public Offer, subject to the Over-Allotment Option. 

  
 11 

 Offering Price means US$0.88 being the price for each Unit. 

Offering Proceeds means the proceeds of the subscription for Units offered under the Placement Tranche and the Public
Offer. 
 Offering Units mean the 262,772,400 Units to be offered under the Offering, comprising (a) 228,681,800 Units to be
offered under the Placement Tranche, and (b) 34,090,600 Units to be offered under the Public Offer, subject to the Over-Allotment Option. 

Officers’ Certificate means any certificate delivered pursuant to Clauses 7.3(a)(viii), 7.3(a)(ix), 7.4(a)(iv),
7.4(a)(v) and 7.4(a)(vi) in the form of Schedule 3, Schedule 4 and Schedule 5 as applicable. 
 Option Closing Date means, in
relation to any exercise of the Over-Allotment Option (whether on the first occasion or otherwise on which the Over-Allotment Option is exercised), the Closing Date designated in the notice of exercise of such option where such Closing Date
is not the First Closing Date. 
 Over-Allotment Option means the option granted by the Unit Lenders to the Joint
Bookrunners and Underwriters as set out in Recital (C), exercisable by the Stabilising Manager pursuant to Clause 2.3. 

Over-Allotment Units means the up to an aggregate of 31,428,200 Units which are the subject of the Over-Allotment Option.

 Parent US REIT means Keppel-KBS US Parent REIT, Inc., an indirect, wholly-owned
subsidiary of Keppel-KBS US REIT. 
 Placement Tranche means the international
placement of 228,681,800 Units to investors outside the United States, including institutional and other investors in Singapore, pursuant to the Offering. 

Portfolio Purchase and Sale Agreement means the portfolio purchase and sale agreement dated 24 October 2017 executed
by the Lower Tier Sub-US REITs, as purchasers, and the Vendors, in relation to the sale and purchase of the Properties. 

Powers Ferry means the properties and improvements located at 6190 Powers Gerry Road, Atlanta, Fulton County, Georgia, as
further described in the Preliminary Prospectus and Prospectus. 
 Preliminary Prospectus has the meaning given to it in
Recital (I). 
 Proforma Title Insurance Policies means the proforma title insurance policies set out in Schedule 8.

 Projections has the meaning given in Clause 3.1(ii). 

Properties means the following: (i) The Plaza Buildings, (ii) Bellevue Technology Center, (iii) Iron Point,
(iv) Westmoor Center, (v) Great Hills Plaza, (vi) Westech 360, (vii) 1800 West Loop South, (viii) West Loop I & II, (ix) Powers Ferry, (x) Northridge Center, and (xi) Maitland Promenade II, and each a
Property. 

  
 12 

 Property Funds Appendix means the guidelines for real estate investment trusts
issued by the MAS as Appendix 6 to the CIS Code. 
 Property Management Agreements means the following Property
Management Agreements: 
  

	 	(a)	 in relation to Bellevue Technology Center, a property management agreement to be entered into on or prior to the Listing
Date between Transwestern Commercial Services Washington, L.L.C. d/b/a Transwestern, a Delaware limited liability company, and Keppel-KBS Bellevue Technology Center, Inc., a Delaware corporation;

  

	 	(b)	 in relation to The Plaza Buildings, a property management agreement to be entered into on or prior to the Listing Date
between Transwestern Commercial Services Washington, L.L.C. d/b/a Transwestern, a Delaware limited liability company, and Keppel-KBS Plaza Buildings, Inc., a Delaware corporation; 

 

	 	(c)	 in relation to Iron Point, a property management agreement to be entered into on or prior to the Listing Date between
CBRE, Inc., a Delaware corporation, and Keppel-KBS Iron Point, Inc., a Delaware corporation; 

  

	 	(d)	 in relation to Westmoor Center, a property management agreement to be entered into on or prior to the Listing Date
between CBRE, Inc., a Delaware corporation, and Keppel-KBS Westmoor Center, Inc., a Delaware corporation; 

  

	 	(e)	 in relation to Great Hills Plaza, a property management agreement to be entered into on or prior to the Listing Date
between Transwestern Property Company SW GP, L.L.C. dba Transwestern, and Keppel-KBS Great Hills Plaza, Inc., a Delaware corporation; 

 

	 	(f)	 in relation to Westech 360, a property management agreement to be entered into on or prior to the Listing Date between
Transwestern Property Company SW GP, L.L.C. dba Transwestern, and Keppel-KBS Westech 360, Inc., a Delaware corporation; 

 

	 	(g)	 in relation to 1800 West Loop South, a property management agreement to be entered into on or prior to the Listing Date
between Transwestern Property Company SW GP, L.L.C. d/b/a Transwestrern and Keppel-KBS 1800 West Loop, Inc., a Delaware corporation; 

 

	 	(h)	 in relation to West Loop I & II, a property management agreement to be entered into on or prior to the Listing
Date into between PM Realty Group, L.P., a Delaware limited liability partnership, and Keppel-KBS West Loop I and II, Inc., a Delaware corporation; 

 

	 	(i)	 in relation to Powers Ferry, a property management agreement to be entered into on or prior to the Listing Date between
PM Realty Group, L.P., a Delaware limited liability partnership, and Keppel-KBS Powers Ferry Landing, Inc., a Delaware corporation; 

 

	 	(j)	 in relation to Northridge Center, a property management agreement to be entered into on or prior to the Listing Date
between PM Realty Group, L.P., a 

  
 13 

	 	 
Delaware limited liability partnership, and Keppel-KBS Northridge Center, Inc., a Delaware corporation; and 

 

	 	(k)	 in relation to Maitland Promenade II, a property management agreement to be entered into on or prior to the Listing Date
between PM Realty Group, L.P., a Delaware limited liability partnership, and Keppel-KBS Maitland Promenade, Inc., a Delaware corporation. 

Property Managers means the property managers of each Property, appointed pursuant to the respective Property Management
Agreement. 
 Prospectus has the meaning given in Recital (I). 

Public Offer means the offering of 34,090,600 Offering Units to the public in Singapore contemplated by this Agreement.

 Receiving Bank means DBS Bank Ltd.. 

Receiving Bank Agreement means the receiving bank agreement dated 2 November 2017 between the Manager and the
Receiving Bank. 
 Regulation S means Regulation S under the Securities Act. 

Relevant Entities means KBS SORP and KCIH. 

Relevant Entities Subscription Agreements means the KCIH Subscription Agreement and the KBS Subscription Agreement. 

Relevant Entities Subscription Units means the KCIH Subscription Units and the KBS Subscription Units. 

Relevant Entities Units means the Relevant Entities Subscription Units and the Initial Unit. 

Repayment Side Letter means the side letter dated 2 November 2017 entered into between the Trustee, the Manager and
the Joint Bookrunners and Underwriters in relation to the advancement to Keppel-KBS US REIT of part of the net proceeds to be received by the Manager from the Offering on the First Closing Date for the purpose
of capitalising the Singapore Subsidiaries, the Parent US REIT and the Sub-US REITs in order for the Lower Tier Sub-US REITs to complete the Acquisitions on the
Completion Date. 
 Reporting Auditors means Ernst & Young LLP. 

Securities Act means the United States Securities Act of 1933, as amended, and the rules and regulations of the Commission
promulgated thereunder. 
 SFA means the Securities and Futures Act, Chapter 289 of Singapore, and includes any
subsidiary legislation promulgated with respect thereto. 
 SGX-ST has the meaning
given in Recital (J). 

  
 14 

 SGX-ST Waiver means the waivers and rulings
granted by SGX-ST in respect of, among others, Listing Rules 404(3)(a), 404(3)(c), 404(5), 407(4), 705(1), 707(1) and 707(2), as set out in the letter dated 28 July 2017 issued by SGX-ST. 
 Singapore Sub 1 means Keppel-KBS US REIT
S1 Pte. Ltd., a wholly-owned subsidiary of Keppel-KBS US REIT. 
 Singapore Sub 2
means Keppel-KBS US REIT S2 Pte. Ltd., a wholly-owned subsidiary of Keppel-KBS US REIT. 

Singapore Subsidiaries means Singapore Sub 1 and Singapore Sub 2. 

Sponsors means KC and KPA, and Sponsor means any one of them. 

Stabilisation Agent Appointment Letter means the letter of appointment by the Manager of the stabilising agent in
connection with the Offering, in the form attached hereto as Schedule 6. 
 Stabilisation Period shall have the meaning
specified in Clause 2.4. 
 Stabilisation Regulations shall have the meaning specified in Clause 2.4. 

Stabilising Manager means BAML. 

Sub-US REITs means the Upper Tier Sub-US REIT and
the Lower Tier Sub-US REITs. 
 Tax Rulings means the advanced tax rulings set out in
IRAS’ letter dated 26 September 2017, and as further clarified in IRAS’ emails of 27 September 2017 and IRAS’ letter of 29 September 2017, in relation to the taxation of
Keppel-KBS US REIT and its holders of Units. 
 The Plaza Buildings means the
properties and improvements located at 10800 & 10900 NE 8th Street, Bellevue, King County, Washington, as further described in the Preliminary Prospectus and Prospectus. 

Title Insurance Exceptions means the exceptions from coverage set out in the Proforma Title Insurance Policies. 

Title Insurance Company means First American Title Insurance Company. 

Transaction Documents means this Agreement, the Facility Agreement, the Cornerstone Subscription Agreements, the Repayment
Side Letter, the Lock-Up Letters, the Depository Services Terms and Conditions, the Keppel Management Agreement, the KBS Management Agreement, the Property Management Agreements, the Leasing Services
Agreement, the Portfolio Sale and Purchase Agreement, the Receiving Bank Agreement, the Relevant Entities Subscription Agreements, the Trust Deed and the Unit Lending Agreement. 

TRS means Keppel-KBS US TRS, LLC, which is wholly-owned by the Parent US REIT, the
Upper Tier Sub-US REIT and the Lower Tier Sub-US REITs, and which is generally permitted to undertake activities that the US REIT rules might prohibit the relevant Lower
Tier Sub-US REITs from performing directly. 

  
 15 

 Trust Deed has the meaning given in Recital (A). 

Trustee means Perpetual (Asia) Limited, as trustee of Keppel-KBS US REIT. 

Trust Group Entities means the Singapore Subsidiaries, the Parent US REIT, the Upper Tier
Sub-US REIT, the Lower Tier Sub-US REITs and the TRS. 

US REIT means an entity qualified as a real estate investment trust for U.S. federal income tax purposes. 

U.S. means the United States of America. 

US Asset Manager means KBS. 

Underwritten Units means the Offering Units and the Cornerstone Units. 

Unit means an undivided interest in Keppel-KBS US REIT as provided for in the Trust
Deed. 
 Unit Lenders means KBS SORP and KCIH, and Unit Lender means any one of them. 

Unit Lenders Information means all information in the Preliminary Prospectus and the Prospectus relating to (i) KBS
SORP, (ii) KCIH, (iii) the Over-Allotment Option and (iv) the Unit Lending Agreement. 
 Unit Lending Agreement has
the meaning given in Recital (D). 
 Upper Tier Sub-US REIT means Keppel-KBS US Properties REIT, Inc., which is wholly-owned by the Parent US REIT. 
 US Tax Code
means the US Internal Revenue Code of 1986, as amended. 
 Vendors means the following entities which are wholly-owned by
KBS SOR: 
  

	 	(i)	 KBS SOR Northridge, LLC (being the vendor of Northridge Center); 

 

	 	(ii)	 KBS SOR Iron Point, LLC (being the vendor of Iron Point); 

 

	 	(iii)	 KBS SOR 156th Avenue Northeast, LLC (being the vendor of Bellevue Technology Center); 

 

	 	(iv)	 KBS SOR Powers Ferry Landing East, LLC (being the vendor of Powers Ferry); 

 

	 	(v)	 KBS SOR 1800 West Loop South, LLC (being the vendor of 1800 West Loop South); 

 

	 	(vi)	 KBS SOR 6565-6575 West Loop South, LLC (being the vendor of West Loop I & II); 

 

	 	(vii)	 KBS SOR Austin Suburban Portfolio, LLC (being the vendor of Great Hills Plaza and Westech 360); 

 

	 	(viii)	 KBS SOR Westmoor Center, LLC (being the vendor of Westmoor Center); 

  
 16 

	 	(ix)	 KBS SOR Maitland Promenade II, LLC (being the vendor of Maitland Promenade II); and 

 

	 	(x)	 KBS SOR Plaza Bellevue, LLC (being the vendor of Plaza Bellevue). 

Verification Notes means the verification notes of the verification meetings of the Manager held on 23 August 2017
and 21 October 2017. 
 West Loop I & II means the properties and improvements located at 6565
& 6575 West Loop South Bellaire, Harris County, Texas, as further described in the Preliminary Prospectus and Prospectus. 

Westech 360 means the properties and improvements located at 8911 N Capital of Texas Hwy, Austin, Texas, as further
described in the Preliminary Prospectus and Prospectus. 
 Westmoor Center means the properties and improvements located at
10055 – 10385 Westmoor Drive, Westminster, Jefferson County, Colorado, as further described in the Preliminary Prospectus and Prospectus. 
  

	1.2	 Interpretation 

In this Agreement, references to: 
  

	 	(a)	 a person refers to any individual, company, corporation, firm, partnership, joint venture, association,
organisation, state or agency of a state or other entity, whether or not having separate legal personality; 

  

	 	(b)	 S$ and Singapore dollars denote the lawful currency for the time being of Singapore;

  

	 	(c)	 US$ and United States dollars denote the lawful currency for the time being of the United States;
and 

  

	 	(d)	 times of day and dates are to Singapore times and dates unless otherwise stated. 

 

	1.3	 Modification etc. of Statutes 

References to a statute or statutory provision include: 
  

	 	(a)	 that statute or provision as from time to time modified, re-enacted or
consolidated whether before or after the date of this Agreement; 

  

	 	(b)	 any past statute or statutory provision (as from time to time modified,
re-enacted or consolidated) which that statute or provision has directly or indirectly replaced; and 

  

	 	(c)	 any subordinate legislation made from time to time under that statute or statutory provision. 

  
 17 

	1.4	 Clauses, recitals and schedules 

Any reference in this Agreement to a Clause, a subclause, a Recital or a Schedule is, unless otherwise stated, a reference to a clause
or subclause hereof or a recital or schedule hereto. 
  

	1.5	 Singular, plural, gender 

References to one gender include all genders and references to the singular include the plural and vice versa. 

 

	1.6	 Rounding 

Amounts being determined in proportion to other amounts will be subject to rounding to the nearest unit or cent either upwards or
downwards, as determined by the Joint Bookrunners and Underwriters finally and conclusively, to avoid fractional units or cents. 
  

	1.7	 Headings 

Headings and sub-headings are for ease of reference only and shall not affect the construction of this Agreement. 

 

	1.8	 Legislation 

Any reference in this Agreement to any legislation (whether primary legislation or regulations or other subsidiary legislation made
pursuant to primary legislation) shall be construed as a reference to such legislation as the same may have been, or may from time to time be, amended or re-enacted. 

 

	1.9	 Several liabilities and rights 

Any provision of this Agreement which is expressed to bind more than one Joint Bookrunner and Underwriter shall, save where expressly
stated to be otherwise, bind each of them severally (and not jointly and severally). For the avoidance of doubt, each Joint Bookrunner and Underwriter will be responsible under this Agreement on a several (and not joint) basis only for its own
actions and omissions and will not be responsible in any manner for any actions or omissions of the other Joint Bookrunners and Underwriters. Any provision of this Agreement which is expressed in favour of more than one Joint Bookrunner and
Underwriter shall, save where expressly stated to be otherwise, be exercisable by each of them severally and shall not be required to be exercised by them jointly. For the avoidance of doubt, where the right of one Joint Bookrunner and Underwriter
under this Agreement is unavailable to such Joint Bookrunner and Underwriter due to the wilful default, fraud or gross negligence of that Joint Bookrunner and Underwriter, then the corresponding rights of the other Joint Bookrunners and Underwriters
will not be affected. 
  

	1.10	 Capacity of the Manager 

The Manager hereby confirms and undertakes that it has, and the parties hereto agree that the Manager has, entered into this Agreement
solely in its capacity as the manager of Keppel-KBS US REIT, and that it has (unless otherwise specified) made the representations, warranties and undertakings, and has assumed the obligations set forth in
this Agreement, on behalf of Keppel-KBS US REIT. 

  
 18 

	1.11	 Agreed Form 

Any reference herein to a document being in “agreed form” means that the document in question has been agreed between
the proposed parties thereto, subject to any amendments that the parties may agree upon prior to (i) the Date of Registration in respect of Clause 3.1(mm) and (ii) in all other cases, the First Closing Date. 

 

	2.	 SUBSCRIPTION, PURCHASE AND STABILISATION 

 

	2.1	 Subscription for Units 

Subject to, and otherwise in accordance with, the terms and conditions of this Agreement, each of the Joint Bookrunners and Underwriters
agrees, severally (but not jointly or jointly and severally), to use reasonable endeavours, for and on behalf of the Manager, to procure subscribers for, and failing which to subscribe at the Offering Price for the total number of Underwritten Units
set forth opposite each such Joint Bookrunner and Underwriter’s name under “Number of Underwritten Units” in Schedule 1, and the Manager undertakes to procure the issuance of the Units to such subscribers or, as the case may be, to
such Joint Bookrunner and Underwriter or to such entities as such Joint Bookrunner and Underwriter may direct. 
  

	 	(a)	 If a Joint Bookrunner and Underwriter defaults in the performance of its obligations on the First Closing Date to
procure subscribers or subscribe for, the Underwritten Units which it has agreed to procure subscribers or subscribe for under this Agreement (such Underwritten Units in respect of which the Joint Bookrunner and Underwriter has defaulted in the
performance of its obligations being called the Defaulted Underwritten Units), the non-defaulting Joint Bookrunners and Underwriter shall have the right, but not the obligation, within 24 hours
thereafter, to make arrangements to subscribe, or to procure subscribers for, all, but not less than all, of the Defaulted Underwritten Units. If, however, the non-defaulting Joint Bookrunners and Underwriters
shall not have completed such arrangements within such 24-hour period, then this Agreement shall terminate without liability to the non-defaulting Joint Bookrunners and
Underwriters. Nothing herein shall relieve a defaulting Joint Bookrunner and Underwriter from liability for its default. For the avoidance of doubt, the underwriting and selling commissions payable to the
non-defaulting Joint Bookrunners and Underwriters which have subscribed for, or have procured to subscribe for the Defaulted Underwritten Units shall be correspondingly increased to include the underwriting
and selling commission originally payable to the defaulting Joint Bookrunner and Underwriter for the sale and placement of the Defaulted Units in accordance with the proportion of the Defaulted Underwritten Units subscribed, or subscription of which
is procured, by the relevant non-defaulting Joint Bookrunners and Underwriters. 

  

	 	(b)	 Payment of the Offering Price for, and delivery of, the Underwritten Units shall take place in accordance with Clause 7.

  

	 	(c)	 The parties agree that if after the First Closing Date the Units are not listed on the
SGX-ST by 2.00 p.m. (Singapore time) on 9 November 2017 for any reason, including by reason of a stop order being issued by the MAS, any of the Joint Bookrunners and Underwriters shall be entitled to
require the Manager and the Trustee to return the Offering Proceeds and proceeds of the Cornerstone Units to 

  
 19 

	 	 
investors subscribing for Units in the Offering or, as the case may be, the Cornerstone Investors, as soon as practicably possible (for subscriptions made via automated teller machines, within 24
hours) following the Joint Bookrunners and Underwriters becoming aware that the Listing and/or trading in the Units will not proceed, and otherwise in accordance with all applicable laws, rules or directives of any governmental or regulatory agency.
The parties further agree that to the extent that upon such failure to list and/or trade the Units on the SGX-ST, any Units are not deemed to have been cancelled by operation of law, that they will reasonably
cooperate, including by taking actions as may be necessary with CDP, to return such Units to the Manager and the Trustee for cancellation. 

  

	2.2	 Offering Price 

The Offering Price shall be US$0.88 per Unit. 
  

	2.3	 Over-Allotment Option 

 

	 	(a)	 Subject to and in accordance with the provisions of this Agreement, the Joint Bookrunners and Underwriters are hereby
granted an Over-Allotment Option by the Unit Lenders, exercisable by the Stabilising Manager (or any of its Affiliates or other persons acting on behalf of the Stabilising Manager) in consultation with the other Joint Bookrunners and Underwriters,
in full or in part, on one or more occasions, to acquire from the Unit Lenders in equal proportions up to an aggregate of 31,428,200 Units at the Offering Price, representing not more than 12.0% of the total number of Units in the Offering solely to
cover the over-allotment of Units (if any) made in connection with the Offering. 

 The Over-Allotment Option is
exercisable from the Listing Date but no later than the earliest of (i) the date falling 30 days from the Listing Date or (ii) the date when the Stabilising Manager (or any of its Affiliates or other persons acting on behalf of the
Stabilising Manager) has bought, on the SGX-ST, an aggregate of 31,428,200 Units (representing not more than 12.0% of the total number of Units in the Offering), to undertake stabilising actions to purchase up
to an aggregate of 31,428,200 Units (representing not more than 12.0% of the total number of Units in the Offering), at the Offering Price solely to cover the over-allotment of Units (if any), subject to any applicable laws and regulations. 

Such notice of exercise shall be substantially in the form of Schedule 7 of this Agreement, shall state the number of Over-Allotment
Units from each Unit Lender in respect of which the Over-Allotment Option is being exercised and shall designate the Option Closing Date for the exercise of the Over-Allotment Option which shall be no earlier than the First Closing Date and no
earlier than the date falling three Business Days after the date of such notice. 
  

	 	(b)	 If a Joint Bookrunner and Underwriter defaults in the performance of its obligations on an Option Closing Date to
purchase, or procure purchasers for, the Over-Allotment Units which it has agreed to purchase, or procure purchasers for, under this Agreement (such Over-Allotment Units in respect of which the Joint Bookrunner and Underwriter has defaulted in the
performance of its obligations being called the Defaulted Over-Allotment Units), the non-defaulting Joint Bookrunners and Underwriters shall have the right, but not the obligation, within 24 hours
thereafter, to make arrangements to purchase, or to procure purchasers 

  
 20 

	 	 
for, all, but not less than all, of the Defaulted Over-Allotment Units. If, however, the non-defaulting Joint Bookrunners and Underwriters shall not have
completed such arrangements within such 24-hour period, then the non-defaulting Joint Bookrunner and Underwriter may terminate their obligations to purchase the
Defaulted Over-Allotment Units without liability to the non- defaulting Joint Bookrunners and Underwriters. Nothing herein shall relieve a defaulting Joint Bookrunner and Underwriter from liability for its
default. 

  

	 	(c)	 In the event and to the extent that the Over-Allotment Option is exercised, the Unit Lenders agrees to sell to the
Stabilising Manager (in equal proportions), as agent of the Joint Bookrunners and Underwriters, and each of the Joint Bookrunners and Underwriters severally agrees to purchase from the Unit Lenders (in equal proportions), through the Stabilising
Manager, in the proportion set out opposite such Joint Bookrunner and Underwriter’s name under “Proportion of Over-Allotment Units” in Schedule 1, subject to and in accordance with the provisions of this Agreement, the Over-Allotment
Units, at a price per Over-Allotment Unit equal to the Offering Price. 

  

	 	(d)	 Each of the Unit Lenders shall on each Option Closing Date, deliver such number of Over-Allotment Units equal to the
number of Over-Allotment Units specified against its name as stated in the notice of exercise of the Over-Allotment Option against the payment for the Over-Allotment Units in accordance with Clause 7.2(b) of this Agreement. The obligation of the
Stabilising Manager to re-deliver the Over-Allotment Units under the Unit Lending Agreement shall be deemed to have been discharged to the extent of the number of Over-Allotment Units in respect of which the
Over-allotment Option has been exercised by the Stabilisation Manager and payment of which has been made to the respective Unit Lender. 

  

	 	(e)	 Any notice of exercise may only be given on a Business Day and if given later than 5:00 p.m. on any Business Day shall
be deemed to have been given on the immediately following Business Day. 

  

	2.4	 Price Stabilisation 

  

	 	(a)	 In connection with the Offering, the Stabilising Manager (or any of its Affiliates or other persons acting on behalf of
the Stabilising Manager) may, in consultation with the other Joint Bookrunners and Underwriters and at its discretion, to the extent permissible by applicable laws and regulations and in compliance therewith, as principal and not as agent of the
Manager, over-allot or effect transactions which stabilise or maintain the market price of the Units at levels that might not otherwise prevail in the open market. However, there is no assurance that the Stabilising Manager (or any of its Affiliates
or other persons acting on behalf of the Stabilising Manager) will undertake stabilising action. 

  

	 	(b)	 Such transactions may commence on or after the date of commencement of trading in the Units on the SGX-ST and, if commenced, may be discontinued at any time and shall not be effected after the earlier of (i) the date falling 30 days from the Listing Date and (ii) the date when the Stabilising Manager
(or any of its Affiliates or other persons acting on behalf of the Stabilising Manager) has bought on the SGX-ST an aggregate of 31,428,200 Units (representing not more than 12.0% of the total number of Units
in the Offering) to undertake stabilising 

  
 21 

	 	 
actions (the Stabilisation Period). The Stabilising Manager undertakes that stabilisation will be conducted in compliance with the Securities and Futures (Market Conduct) (Exemptions)
Regulations 2006 (the Stabilisation Regulations), provided that each of the Manager, the Sponsors and the Unit Lenders complies with the undertaking in Clause 4.11(b) below. Each of the Manager, the Sponsors and the Unit Lenders
undertakes that it will not directly or indirectly, effect or cause to be effected any sell orders during the Stabilisation Period as may be prohibited under the Stabilisation Regulations. 

 

	 	(c)	 Subject to compliance with the Stabilisation Regulations, the Stabilising Manager may appoint an agent to carry out
stabilisation on its behalf. Any loss or profit sustained as a consequence of any stabilisation actions undertaken by the Stabilising Manager shall be for the account of the Joint Bookrunners and Underwriters. 

 

	2.5	 Appointment 

Each of the Manager and the Sponsors hereby confirms the appointment, to the exclusion of all others, of DBS as the Sole Financial
Adviser and Issue Manager of the Offering, and DBS, BAML, Citi and CS and as the Joint Bookrunners and Underwriters of the Offering. 

Such appointment is made on the basis, and on terms, that each Joint Bookrunner and Underwriter is irrevocably authorised to delegate
all or any of its relevant rights, duties, powers and discretions (which rights, duties, powers and discretions shall at all times be exercised in accordance with the provisions of this Agreement) in such manner and on such terms as it reasonably
thinks fit (with or without formality and without prior notice of any such delegation being required to be given to the Manager or the Sponsors), and to provide information gained by such Joint Bookrunner and Underwriter in the course of or for the
purpose of the Offering or any of the other transactions contemplated by this Agreement, to any one or more of its Affiliates, provided that each Joint Bookrunner and Underwriter shall continue to be bound, severally (but not jointly or jointly and
severally), by the terms of this Agreement and shall remain liable under this Agreement for all acts and omissions of any person in breach of this Agreement to which it delegates any such rights, duties, powers or discretions. 

 

	2.6	 Authorisation 

Each of the Manager and the Sponsors has authorised and directed the Joint Bookrunners and Underwriters to do all such acts and things
as the Joint Bookrunners and Underwriters may reasonably deem necessary, advisable or desirable for the purposes of or in connection with the Listing and the Offering, subject in all cases to compliance with all applicable laws and regulations and
the Joint Bookrunners and Underwriters’ obligations pursuant to this Agreement and agrees to ratify and approve all documents, acts and things which the Joint Bookrunners and Underwriters may lawfully do in the exercise of such authorities.

  

	2.7	 Sub-underwriters 

The Joint Bookrunners and Underwriters shall be at liberty and may at their discretion procure
sub-underwriters in respect of their obligations under this Agreement upon such terms and conditions as they deem fit. For the avoidance of doubt, (a) a Joint 

  
 22 

 Bookrunner and Underwriter may appoint an Affiliate as a
sub- underwriter, and (b) the sub-underwriting of the underwriting obligations of any of the Joint Bookrunners and Underwriters under this Agreement shall not
release such Joint Bookrunner and Underwriter from its underwriting obligations and the Joint Bookrunner and Underwriter shall bear all commission and expenses payable in respect of such sub-underwriting. 

 

	2.8	 Allocation to subscribers 

The Joint Bookrunners and Underwriters shall have the absolute discretion (in consultation with the Manager) with respect to the
allocation of Offering Units to subscribers. Without limiting the generality of the foregoing, the Manager hereby authorises the Joint Bookrunners and Underwriters to accept or reject any Application as the Joint Bookrunners and Underwriters may
decide, and to allocate any of the Offering Units to any applicant in such number as the Joint Bookrunners and Underwriters may decide, in the manner set forth in the Prospectus and in compliance with the requirements of the SGX-ST. 
  

	2.9	 Allocation between Public Offer and Placement Tranche 

The Joint Bookrunners and Underwriters shall have the discretion (in consultation with the Manager): (a) in the allocation of Offering
Units between the Public Offer and the Placement Tranche, and (b) in the re- allocation of Offering Units between the Public Offer and Placement Tranche, in each case, in accordance with the provisions of
this Agreement (provided that the minimum unitholding and distribution requirements of the SGX-ST are met). 

Notwithstanding anything herein to the contrary but subject to any applicable law and the requirements of the SGX-ST, the parties hereto hereby agree that: 
  

	 	(a)	 any Offering Units offered under the Public Offer not applied for shall be allocated to satisfy applications for
Offering Units offered under the Placement Tranche, to the extent there is an over-subscription for the Placement Tranche at the Offering Price, subject to and on the terms and conditions of the Prospectus applicable to applications for Offering
Units under the Placement Tranche; and 

  

	 	(b)	 any Offering Units offered under the Placement Tranche not applied for shall be allocated to satisfy excess applications
for Offering Units offered under the Public Offer, subject to and on the terms and conditions of the Prospectus applicable to applications for Offering Units under the Public Offer. 

For the avoidance of doubt, the application of this Clause 2.9 shall not vary the commissions payable under Clause 6.1 and in
determining the commissions payable under Clause 6.1, no account shall be taken of the reallocation of the Offering Units under the Public Offer to satisfy applications for Offering Units offered under the Placement Tranche or (as the case may be)
Public Offer, or the reallocation of Offering Units under the Placement Tranche to satisfy applications for the Offering Units under the Public Offer pursuant to this Clause 2.9. 

 

	2.10	 Balloting 

In the event that valid applications have been received for more than the number of Units allocated under the Public Offer, the Manager
authorises the Joint Bookrunners and Underwriters to arrange for balloting or scaling back of such applications in such 

  
 23 

 manner and on the basis of such allocations as the Manager may determine in consultation
with the Joint Bookrunners and Underwriters and the SGX-ST. 
  

	2.11	 Distribution of Prospectus and Announcements 

The Manager confirms (i) that it has authorised the Joint Bookrunners and Underwriters to distribute copies of the Preliminary
Prospectus and the Prospectus, and (ii) the arrangements made on its behalf by the Joint Bookrunners and Underwriters for announcements in respect of the Units which will be published on such dates and in such newspapers or other publications
as it has agreed or will agree with the Joint Bookrunners and Underwriters. 
  

	2.12	 Appointment and Duties of Receiving Bank 

 

	 	(a)	 The Manager hereby confirms the appointment of DBS Bank Ltd. as receiving bank in connection with the Offering.

  

	 	(b)	 The proceeds of the Offering (including any excess application monies) pursuant to the offer of the Offering Units
shall, after payments of all amounts due to the Joint Bookrunners and Underwriters under the Repayment Side Letter, be deposited with DBS Bank Ltd. as the Receiving Bank and be held in a separate non-interest
bearing account opened by the Manager and operated by the Receiving Bank and designated as the “KORE USD UNIT ISSUE ACCOUNT” solely for the purpose of depositing such proceeds. The Receiving Bank is hereby authorised to operate such
account in accordance with the provisions of this Agreement, the terms of the Receiving Bank Agreement, the rules and directives of the SGX-ST for the time being applicable relating to the operation of such
account and all other applicable laws, regulations and directives (including without limitation, the SFA). 

  

	 	(c)	 The Manager hereby irrevocably authorises the Receiving Bank to return the application monies for the Units on its
behalf to the applicants free of interest, share of profits or other benefit arising therefrom in the following situations: 

  

	 	(i)	 in the event that a supplementary prospectus or replacement prospectus is registered pursuant to Section 298 of the
SFA and the applicant exercises its right to a refund of the application monies; 

  

	 	(ii)	 in the event that a stop order is issued by the MAS in accordance with Section 297 of the SFA; or

  

	 	(iii)	 if for any reason whatsoever, the Units are not admitted to the Official List of the
SGX-ST. 

  

	 	(d)	 Payment of the proceeds to the Manager shall be made in United States Dollars. 

 

	 	(e)	 The Joint Bookrunners and Underwriters shall not be in any way responsible for the obligations of the Trustee and the
Manager under Sections 258, 297 and 301 of the SFA. 

 It is hereby agreed and declared by the Manager that subject
to the terms of the Receiving Bank Agreement, the Receiving Bank shall not be obliged to account to 

  
 24 

 Keppel-KBS US REIT, the Manager, the Trustee or any
person for any interest or any share of revenue or other benefits that may accrue or otherwise derive from such proceeds. 
  

	3.	 REPRESENTATIONS AND WARRANTIES 

 

	3.1	 Representations and warranties of the Manager 

The Manager represents and warrants to and agrees with each Joint Bookrunner and Underwriter as set forth in this Clause 3.1 and accepts
that the Joint Bookrunners and Underwriters are entering into this Agreement and the Repayment Side Letter in reliance upon each such representation, warranty and undertaking: 

 

	 	(a)	 Organisation of the Manager, the Manager US Sub and Keppel-KBS US REIT.

  

	 	(i)	 The Manager has been duly organised and is validly existing as a limited liability company under the laws of Singapore
with full power and authority to conduct its business as described in the Preliminary Prospectus and the Prospectus and is duly qualified to do business in, and is in good standing (if applicable) under the laws of each jurisdiction that its
business is currently operated in, or is contemplated; 

  

	 	(ii)	 The Manager US Sub is wholly-owned by the Manager and has been duly organised and is validly existing as a limited
liability corporation under the laws of the State of Delaware, with full power and authority to conduct its business as described in the Preliminary Prospectus and the Prospectus and own or lease, as the case may be, and to operate its assets and
properties and has obtained all approvals, licenses, authorisations and consents required to conduct the activities as delegated to it by the Manager in respect of those activities that are required to be performed in the U.S., and is duly qualified
to do business in, and is in good standing (if applicable) under the laws of each jurisdiction that its business is currently operated in, or is contemplated; 

 

	 	(iii)	 The Manager has been granted the CMS Licence, which is in full force and effect and which has not been amended or
revoked, there has been no breach of the terms and conditions applicable to the CMS Licence, and all such terms and conditions to the extent that they are required to be complied with prior to the date hereof, have been complied with;

  

	 	(iv)	 Keppel-KBS US REIT has been duly constituted and is validly existing as a unit
trust under the laws of Singapore (including the Property Funds Appendix) with full power and authority to own or lease, as the case may be, and to operate its assets and properties (including, without limitation, the Trust Group Entities and upon
completion of the Acquisitions, the Properties) and to conduct its business as described in the Preliminary Prospectus and the Prospectus, and does not have any assets or conduct any business apart from what is described in the Preliminary
Prospectus and the Prospectus; and 

  

	 	(v)	 Save for the Manager US Sub and the Trust Group Entities, neither the Manager nor
Keppel-KBS US REIT respectively have any subsidiaries, 

  
 25 

	 	 
associated companies, and/or interest in any joint venture companies, and the Manager and Keppel-KBS US REIT do not own, directly or indirectly, any shares
of stock or other equity interests or long-term debt securities of, or otherwise own or control any interest in any corporation, firm, partnership, joint venture, association, enterprise, trust, undertaking or other entity; 

 

	 	(b)	 Organisation of Trust Group Entities. Each of the Trust Group Entities has been incorporated and is validly
existing as a corporation under the laws of its jurisdiction of incorporation with the requisite corporate power and authority to own, use or lease, as the case may be, and to operate its assets and properties (including without limitation, the
Properties), to execute and perform its obligations under the Transaction Documents to which it is a party, and conduct its business as described in the Preliminary Prospectus and Prospectus, and is duly qualified to conduct its business in, and is
in good standing (if applicable) under the laws of each jurisdiction that its business is currently or is contemplated to be operated in, and does not have any material assets or conduct any business apart from those described in each of the
Preliminary Prospectus and the Prospectus; 

  

	 	(c)	 Ownership structure of Keppel-KBS US REIT. In relation to the Trust Group
Entities: 

  

	 	(i)	 all outstanding voting shares of each of the Singapore Subsidiaries have been or, as the case may be, will be when
issued, duly authorised and validly issued and fully paid, and owned directly by the Trustee (on behalf of Keppel-KBS US REIT); 

 

	 	(ii)	 all outstanding voting shares of the Parent US REIT have been or, as the case may be, will be when issued, duly
authorised and validly issued and fully paid, and owned directly by the Singapore Subsidiaries in the proportions set for in the Preliminary Prospectus and Prospectus; 

 

	 	(iii)	 all outstanding voting shares of the Upper Tier Sub-US REIT have been or, as the
case may be, will be when issued, duly authorised and validly issued and fully paid, and owned directly by the Parent US REIT; 

  

	 	(iv)	 all outstanding voting shares of each of the Lower Tier Sub-US REITs have been
or, as the case may be, will be when issued, duly authorised and validly issued and fully paid, and owned directly by the Upper Tier Sub-US REIT; and 

 

	 	(v)	 all outstanding voting shares of the TRS has been duly authorised and validly issued and fully paid, and owned directly
by the Parent US REIT, the Upper Tier Sub-US REIT and the Lower Tier Sub-US REITs as disclosed in the Preliminary Prospectus and Prospectus, 

in each case, free and clear of any Encumbrances other than as disclosed in the Preliminary Prospectus and the Prospectus; 

 

	 	(d)	 Trust Deed. The Trust Deed has been duly authorised, executed and delivered by it, and is in full force and
effect and has not been amended or supplemented, 

  
 26 

	 	 
and constitutes its valid and legally binding agreement, enforceable in accordance with its terms; 

  

	 	(e)	 Transaction Documents. Each of the Transaction Documents to which the Manager, the Manager US Sub or any of the
Trust Group Entities is a party, has been duly authorised, executed and delivered by the Manager, the Manager US Sub or the relevant Trust Group Entity, as the case may be, and when executed and delivered by the Manager, the Manager US Sub or the
relevant Trust Group Entity, as the case may be, constitutes each parties’ valid and legally binding agreement, enforceable in accordance with their respective terms and each of the Transaction Documents has not been amended or supplemented
without the prior consent of the Joint Bookrunners and Underwriters and other than as disclosed in the Preliminary Prospectus and the Prospectus. Each of the Transaction Documents which has been entered into by the Manager, the Manager US Sub or the
relevant Trust Group Entity, as the case may be, is in full force and effect and there are no breaches or defaults of these agreements, to the knowledge of the Manager, on the part of the counterparties to these agreements. To the knowledge of the
Manager, there is no reason why the transactions described in the Transaction Documents (as applicable) would not be consummated; 

  

	 	(f)	 The Property Managers and Leasing Agents. The appointment of the Property Managers and Leasing Agents by the
Manager, the Manager US Sub, the Lower Tier Sub-US REITs and the TRS, as the case may be, have been duly authorised; 

  

	 	(g)	 The US Asset Manager. The appointment of the KPA Guarantor and of the US Asset Manager through the KPA Guarantor
pursuant to the KBS Management Agreement, (i) has been done in compliance with applicable MAS guidelines on outsourcing, and (ii) to the best of the Manager’s knowledge after due and careful inquiry, has been duly authorised and the
US Asset Manager has full power and authority to enter into the KBS Management Agreement and has obtained all approvals, licences, authorisations and consents required to execute and perform its obligations thereunder; 

 

	 	(h)	 KCI. The outsourcing of services to KCI by the Manager pursuant to the Keppel Management Agreement (i) has
been done in compliance with applicable MAS guidelines on outsourcing, and (ii) has been duly authorised and the Manager and KCI have full power and authority to enter into the Keppel Management Agreement and have each obtained all approvals,
licences, authorisations and consents required to execute and perform their respective obligations thereunder; 

  

	 	(i)	 No conflicts. None of the allotment, issue and sale of the Units (including the Offering Units, the Cornerstone
Units, the Relevant Entities Subscription Units and the Initial Unit (which includes the Over-Allotment Units)), the execution, delivery and performance of any of the Transaction Documents, the issue, distribution and availability of the Preliminary
Prospectus and the Prospectus and any amendment or supplement thereto, the consummation of any of the transactions contemplated herein or therein, the fulfilment of the terms hereof or thereof or any other event, constitutes or will constitute an
event which entitles any person to require the redemption, repurchase or repayment of any indebtedness of the Manager, the Manager US Sub, Keppel-KBS US REIT or

  
 27 

	 	 
any of the Trust Group Entities, or will conflict with, result in a breach or violation or imposition of any lien, charge or encumbrance upon any asset or property belonging to the Manager, the
Manager US Sub, Keppel-KBS US REIT or any of the Trust Group Entities (including without limitation, the Properties), whether with the passage of time or giving of notice or otherwise, in each case pursuant
to: 

  

	 	(i)	 the Constitution, bylaws, trust deeds or other constitutive documents of the Manager, the Manager US Sub, Keppel-KBS US REIT or any of the Trust Group Entities; 

  

	 	(ii)	 the terms of any Document to which the Manager, the Manager US Sub, Keppel-KBS
US REIT or any of the Trust Group Entities is a party or bound or to which their assets or properties are subject (including, without limitation, the Trust Deed); or 

 

	 	(iii)	 any statute, law, rule, regulation, judgment, order or decree (including, without limitation, the Listing Rules, the
SFA, the CIS Regulations and the Code (including the Property Funds Appendix)) applicable to the Manager, the Manager US Sub, Keppel-KBS US REIT and/or any of the Trust Group Entities of any court, regulatory
body, administrative agency, governmental body, arbitrator or other authority having jurisdiction over the Manager, the Manager US Sub, Keppel-KBS US REIT and/or any of the Trust Group Entities, or any of
their respective assets and properties (including without limitation, the Properties), as applicable, 

 except in
the case of paragraphs (ii) and (iii) only, where such conflict, breach, violation or imposition would not, individually or in the aggregate, have a Material Adverse Effect. 

No event has occurred and is subsisting or to the Manager’s knowledge is about to occur which constitutes or would constitute a
default or result in a default, or would reasonably be expected to result in, the acceleration by reason of default of any obligation under any agreement, undertaking, instrument or arrangement to which the Manager, the Manager US Sub, Keppel-KBS US REIT or any of the Trust Group Entities is a party or by which their or any of their interests, properties, revenues and assets are bound, except where such default would not, individually or in the
aggregate have a Material Adverse Effect; 
  

	 	(j)	 No consents required. No consent, approval, authorisation, licence, filing with or order of any court or
governmental agency or body (including, but not limited to, any consent, approval or authorisation of the shareholders of the Manager) is required by the Manager, the Manager US Sub, Keppel-KBS US REIT or any
of the Trust Group Entities in connection with (1) the transactions contemplated by the Transaction Documents (including the execution, delivery and performance thereof), the appointment of the Manager as manager of Keppel-KBS US REIT, the outsourcing to KCI by the Manager of certain functions pursuant to the Keppel Management Agreement, the outsourcing of certain asset management functions to KBS, through the KPA Guarantor, as
U.S. asset manager of Keppel-KBS US REIT pursuant to the KBS Management Agreement, the appointment of the various Property Managers pursuant to the Property Management Agreements and the appointment of the
various Leasing Agents pursuant to the 

  
 28 

	 	 
Leasing Services Agreements, or (2) for the Manager, the Manager US Sub, Keppel-KBS US REIT or any of the Trust Group Entities to own their assets
(including the Properties) and to conduct their businesses as contemplated by the Preliminary Prospectus and the Prospectus, except for: 

  

	 	(i)	 such as have been obtained and disclosed in the Preliminary Prospectus and the Prospectus; and 

 

	 	(ii)	 the registration of the Prospectus with the MAS, 

and all such consents, approvals, authorisations, licences, filings with or orders of court or governmental agency of body, as the case
may be, are in full force and effect and to the extent that the same is subject to any conditions that are required to be complied with or fulfilled on or before the First Closing Date, that such conditions have been complied with and fulfilled,
except for such consent, approval, authorisation, licence, filing with or order of any court or governmental agency or body, the lack of which, or failure to comply or fulfil would not, individually or in the aggregate have a Material Adverse
Effect; 
  

	 	(k)	 Capitalisation of Keppel-KBS US REIT. 

 

	 	(i)	 The structure of Keppel-KBS US REIT (including the holding structure of each of
the Trust Group Entities and the holding structure of the Properties), and Keppel-KBS US REIT’s authorised and outstanding Units, in each case as of the Listing Date, are as set forth in the Preliminary
Prospectus and the Prospectus (and each of such Units is fully paid at such time); 

  

	 	(ii)	 The Offering Units, the Cornerstone Units, the Initial Unit and the Relevant Entities Subscription Units (which includes
the Over-Allotment Units) have been duly and validly authorised and, when issued and delivered to and paid for by the Joint Bookrunners and Underwriters pursuant to this Agreement, the Cornerstone Subscription Agreements, the Unit Lending Agreement
or the Relevant Entities Subscription Agreements, or by subscribers or purchasers thereof in the Offering in accordance with the Preliminary Prospectus and the Prospectus, will be duly and validly issued and fully paid and the persons in whose name
the Units are registered will be entitled to the rights specified therein and in the Trust Deed; 

  

	 	(iii)	 The Units (including the Cornerstone Units, the Offering Units, the Initial Unit and the Relevant Entities Subscription
Units (which includes the Over-Allotment Units)) will be validly issued fully paid and free from all Encumbrances, and will be freely transferable (subject to the Lock-Up Letters). All such Units will, upon
issue, rank pari passu in all respects with each other and with the existing Units in issue. The holders of Units already in issue at the time of issue of such Units will not be entitled to, or will have duly and irrevocably waived, any pre-emptive or any other rights with respect to the acquisition, issuance and sale of those Units; 

  

	 	(iv)	 Other than pursuant to this Agreement, the Cornerstone Subscription Agreements, the Unit Lending Agreement and the
Relevant Entities 

  
 29 

	 	 
Subscription Agreements, or as described in the Preliminary Prospectus and the Prospectus, no options, warrants or other rights to purchase, agreements or other obligations to issue, or rights to
convert any obligations into or exchange any securities for Units or other ownership interests in Keppel-KBS US REIT or any of the Trust Group Entities to which the Manager, the Manager US Sub, Keppel-KBS US REIT or any of the Trust Group Entities is a party are outstanding; 

  

	 	(v)	 The statements set forth in the Preliminary Prospectus and the Prospectus under the caption “The Formation and
Structure of Keppel-KBS US REIT”, insofar as they purport to constitute a summary of the terms of the Trust Deed and the Units, fairly and accurately summarise the matters therein described; and

  

	 	(vi)	 Other than pursuant to lock-up undertakings which are or will be given in favour
of the Joint Bookrunners and Underwriters (including the Lock-Up Letters) and save as provided in the Trust Deed and/or as disclosed in the Preliminary Prospectus and the Prospectus, there are no restrictions
(whether under the laws of Singapore or otherwise) on subsequent transfers of Units subscribed for or purchased under the Offering; 

  

	 	(l)	 No Violation. None of the Manager, the Manager US Sub, Keppel-KBS US REIT
or any of the Trust Group Entities is in, nor is any one of them aware of any fact or circumstances that may give rise to, a violation or default of the terms of: 

 

	 	(i)	 any provision of its Constitution, memorandum and articles of association or trust deeds or other constitutive
documents, as the case may be; 

  

	 	(ii)	 any Document to which it is a party or bound or to which its assets or properties (including, without limitation, the
Properties) is subject (including, without limitation, the Trust Deed); or 

  

	 	(iii)	 any statute, law, rule, regulation, judgment, order or decree of any court, regulatory body, administrative agency,
governmental body, arbitrator or other authority having jurisdiction over it or any of their assets or properties (including, without limitation, the Properties), as applicable, 

except in the case of paragraphs (ii) and (iii) only, where such event, violation or default would not, individually or in the
aggregate, have a Material Adverse Effect; 
  

	 	(m)	 No proceedings. No action, suit or litigation, arbitration, investigation or administrative proceeding by or
before any court or governmental agency, authority or body or any arbitrator involving the Manager, the Trustee (in its capacity as trustee of Keppel-KBS US REIT), the Manager US Sub, Keppel-KBS US REIT, any of the Trust Group Entities and each of their respective assets and properties (including, without limitation, the Properties), and the directors, officers, employees of the Manager and/or
the Manager US Sub is pending or, as far as the Manager is aware, threatened and to the Manager’s knowledge, no event has occurred which could reasonably be expected to give rise to any such proceedings that could, individually or in the
aggregate, to have a Material Adverse Effect, and no order has been made or resolution passed and no petition 

  
 30 

	 	 
has been presented for the winding-up of any of the Manager, the Manager US Sub, Keppel-KBS US REIT, or any of the
Trust Group Entities or for the appointment of an administrator, provisional supervisor, provisional liquidator or analogous officer; 

  

	 	(n)	 No cessation or insolvency. None of the Manager, the Manager US Sub,
Keppel-UBS US REIT or any of the Trust Group Entities is in liquidation in any jurisdiction, nor, to the best of the Manager’s knowledge, has any step or action been taken or threatened, nor any
resolution passed, nor legal proceedings started or threatened, nor orders made in any jurisdiction, nor any petitions presented, for the winding up or dissolution of any of the Manager, the Manager US Sub,
Keppel-UBS US REIT or the Trust Group Entities, or for any of them to enter into any compromise, arrangement, scheme of arrangement or composition for the benefit of creditors, or for the appointment of a
receiver, administrator, receiver and manager, judicial manager, trustee, provisional supervisor, provisional liquidator, liquidator or similar or analogous officer or equivalent person of any of them or their respective interests, properties,
revenues or assets (including, without limitation, the Properties).; 

  

	 	(o)	 No immunity. None of the Manager, the Manager US Sub, Keppel-KBS US REIT,
any of the Trust Group Entities nor any of their respective properties, assets or revenues (including, without limitation, the Properties) are entitled to any right of immunity on the grounds of sovereignty from any legal action, suit or proceeding,
from set-off or counterclaim, from the jurisdiction of any court, from services of process, from attachment prior to or in aid of execution of judgment, or from other legal process or proceeding for the giving
of any relief or for the enforcement of any judgment in any such court; 

  

	 	(p)	 No Stabilisation. Neither the Manager nor any person acting on its behalf (other than the Stabilising Manager or
any of its Affiliates or other persons acting on behalf of the Stabilising Manager) has taken, directly or indirectly, any action designed to cause or which has constituted or which might reasonably be expected to cause or result, under any
applicable law or regulation or otherwise, in the stabilisation or manipulation of the price of any security of Keppel-KBS US REIT (including options in respect of the Units and other securities which are
convertible into or exchangeable for those Units and any associated securities) to facilitate the sale or resale of the Units, or which would or might otherwise be reasonably expected to constitute stabilising action or the purpose of which is to
create actual, or apparent, active trading in, false or misleading impression as to the market in or value of the Units or to stabilise, manipulate or raise the price of the Units; 

 

	 	(q)	 Ownership of Properties. 

 

	 	(i)	 Upon completion of the Acquisitions on the Completion Date, each of the Lower Tier
Sub-US REITs will have marketable fee simple title to the relevant Properties as described in the Preliminary Prospectus and the Prospectus as set forth in the Proforma Title Insurance Policies. Except for the
Title Insurance Exceptions, the Manager is not aware of any Encumbrances or other title matters relating to the Properties which will adversely affect the relevant Lower Tier Sub-US REITs’ title to the
relevant Properties upon such completion of the Acquisitions. 

  
 31 

	 	(ii)	 Upon completion of the Acquisitions on the Completion Date, except for the Title Insurance Exceptions or as otherwise
described in the Preliminary Prospectus and the Prospectus or as otherwise would not individually or in the aggregate have a Material Adverse Effect, the Lower Tier Sub-US REITs: 

 

	 	(a)	 will have marketable title to all other assets and properties to be owned by them in connection with the ownership and
operation of the Properties, in each case, free and clear of all Encumbrances of any kind; 

  

	 	(b)	 will have obtained all necessary governmental, regulatory and other approvals and/or consents which may be required in
connection with the acquisition, lease, sub-lease, licence, occupation and use of the Properties and such approvals and/or consents have not been amended or revoked; and 

 

	 	(c)	 will be entitled as legal and beneficial owners of the Properties to all rights and benefits as landlord, lessor or
licensor under the tenancies, leases or licences to which it will be a party as landlord or licensor in respect of the Properties, and such tenancies, leases or licences are in full force and effect. 

 

	 	(iii)	 Upon completion of the Acquisitions on the Completion Date, except as described in the Preliminary Prospectus and the
Prospectus or as otherwise would not individually or in the aggregate have a Material Adverse Effect, none of the Lower Tier Sub-US REITs: 

 

	 	(a)	 is or will be, and as far as the Manager is aware, none of the Vendors or any other person are or will be, in breach
under any of such leases, tenancies or licences at the Properties (and the Manager does not know of any event which, but for the passage of time or the giving of notice, or both, would constitute a breach under any of such leases, tenancies or
licences); 

  

	 	(b)	 have received notice of any cause of action that has been asserted by anyone adverse to the rights of the Lower Tier Sub-US REITs under any of the leases, tenancies or licences mentioned above, or affecting or challenging their respective rights to the continued possession of the leased, tenanted or licensed premises under any
such lease, tenancies or licences; and 

  

	 	(c)	 have received notice of any cause of action that has been asserted by any governmental entity that the Lower Tier Sub-US REITs or the Properties are subject to any threatened or pending real property tax assessment or condemnation or eminent domain proceeding; 

 

	 	(iv)	 Save for the Properties, none of the Manager, the Manager US Sub, Keppel-KBS US
REIT or any of the Trust Group Entities will, on the 

  
 32 

	 	 
Listing Date, directly or indirectly, own or have any interest in any real property (whether freehold or leasehold) or any land use rights; 

 

	 	(r)	 Real Property Regulations. Except for Environmental Laws, which are addressed below, each Property complies with
all applicable codes, laws and regulations in the U.S. (including, without limitation, planning, construction planning, construction, building and zoning codes and the relevant laws and regulations relating access to such Properties), except as
disclosed in the Preliminary Prospectus and the Prospectus or where the failure to so comply would not individually or in the aggregate reasonably have a Material Adverse Effect. No Property is the subject of any pending condemnation proceedings,
land acquisition proceedings, zoning change or proceeding (and to the Manager’s knowledge no such proceedings have been threatened) that would affect the operation of the business at such Property as described in both the Preliminary Prospectus
and the Prospectus, size or use of, or access to such Property except for such non-compliance, actions, proceedings or changes that would not, individually or in the aggregate, have a Material Adverse Effect;

  

	 	(s)	 Environmental Laws. Save as disclosed in the boxed sections of the Preliminary Prospectus and the Prospectus set
out in Schedule 9, except for matters which would not individually or in the aggregate have a Material Adverse Effect, the Trustee, the Manager, the Manager US Sub, Keppel-KBS US REIT, each of the Trust Group
Entities and the Properties: 

  

	 	(i)	 are in compliance with all applicable Environmental Laws, have no actual or contingent liability to make good, repair, re-instate or clean up any of the Properties and have no knowledge of any imminent requirement for any of the foregoing; 

  

	 	(ii)	 have not received any notice of any actual or potential liability under applicable Environmental Laws; and

  

	 	(iii)	 have received and are in compliance with all permits, licenses or other approvals required of them under applicable
Environmental Laws which may result in the revocation or loss of such permits, licenses or other approvals, or otherwise result, individually or in the aggregate, in a Material Adverse Effect; 

 

	 	(t)	 No Dispute. To the Manager’s knowledge, there is no outstanding dispute, notice, or complaint affecting, or
which might in the future affect, the use of any part of the Properties for the purposes for which it is now used (including pursuant to leases at the Properties), save for any dispute, notice or complaint that would not individually or in the
aggregate have a Material Adverse Effect. There are no existing circumstances which would entitle or require the U.S. federal, state and local governments or any landlord or other person to exercise any powers of entry and taking possession or which
would otherwise restrict or terminate the current use of any of the Properties or terminate the continued possession or occupation of any of the Properties, except for such event which will not, individually or in the aggregate, have a Material
Adverse Effect; 

  

	 	(u)	 Tenants and Licensees of Properties. No tenant (including sub-tenant),
lessee (including sub-lessee) or licensee (including sub-licensee) of any of the 

  
 33 

	 	 
Properties is subject to a bankruptcy proceeding which is known to the Manager or is in default under or in breach of any of the tenancies, leases or licences pursuant to which parts of the
Properties are currently tenanted, leased or licensed (and there is no event, but for the passage of time or the giving of notice, or both, which would constitute a default under any of such tenancies, leases or licences) and to which the Trustee, Keppel-KBS US REIT or any of the Trust Group Entities will be a party as landlord, lessor and/or licensor, such tenancies, leases or licences are in full force and effect, and none of the terms, covenants,
stipulations or restrictions contained in any tenancy relating to the Properties will be breached or give rise to a right of lease termination by reason of the implementation of the Acquisitions and the Offering, except for such default or breach
which will not, individually or in the aggregate, have a Material Adverse Effect; 

  

	 	(v)	 Properties. Except for the Title Insurance Exceptions or as otherwise disclosed in the Preliminary Prospectus and
the Prospectus or as otherwise would not individually or in the aggregate have a Material Adverse Effect, to the Manager’s knowledge, there are no encroachments affecting any of the Properties which are located on, below or above ground level
and each of the Properties: 

  

	 	(i)	 has legal access, either directly or indirectly, to public roads or rights of way and each of the Properties is served
by appropriate drainage, water, electricity and gas services all of which are connected to the public mains with no imminent or likely interruption of such passage or provision; and 

 

	 	(ii)	 has no structural or other material defects affecting or likely to affect the buildings and structures on or comprising
such Properties or any parts of such Properties and such buildings and structures, are in good and substantial repair and condition and are fit for the purposes for which they are presently used or proposed to be used. 

Except as disclosed in the Preliminary Prospectus and the Prospectus or as would not individually or in the aggregate have a Material
Adverse Effect, no developments, alterations or improvements have been carried out in relation to any of the Properties which would require any consent and for which consent has not been properly obtained and complied with nor have any conditions or
restrictions imposed thereon not been fully observed and performed; 
  

	 	(w)	 Use of Properties. Save as disclosed in the boxed sections of the Preliminary Prospectus and the Prospectus set
out in Schedule 9, having duly considered the Title Insurance Exceptions, there are no covenants, restrictions, burdens, stipulations, conditions, terms or outgoings affecting any of the Properties which are of an unusual or onerous nature or which
materially and adversely affect the use or intended use of any of the Properties; 

  

	 	(x)	 Insurance. 

  

	 	(i)	 Effective as of the Completion Date, title to the Properties will be insured by the Title Insurance Company, in the name
or for the benefit of Lower Tier Sub-US REIT 1 in respect of Bellevue Technology Center, Lower Tier Sub-US REIT 2 in respect of The Plaza Buildings, Lower Tier Sub-US REIT 3 in respect of Iron Point, Lower Tier Sub-US REIT 4 in respect 

  
 34 

	 	 
of Westmoor Center, Lower Tier Sub-US REIT 5 in respect of Great Hills Plaza, Lower Tier Sub-US REIT 6 in respect
of Westech 360, Lower Tier Sub-US REIT 7 in respect of 1800 West Loop South, Lower Tier Sub-US REIT 8 in respect of West Loop I & II, Lower Tier Sub- US REIT 9 in respect of Powers Ferry, Lower Tier Sub-US REIT 10 in respect of Northridge Center, and Lower Tier Sub-US REIT 11 in
respect of Maitland Promenade II (collectively, the Insured Parties), for so long as the Insured Party shall continue to own its Property, in each case: 

 

	 	(A)	 in such amounts representing the respective purchase consideration at which each of the Insured Parties will purchase
the relevant Property from the relevant Vendor; 

  

	 	(B)	 subject only to the Title Insurance Exceptions set forth in the applicable Proforma Title Policy for each Property; and

  

	 	(C)	 the final title insurance policies shall be substantially in the form of the Proforma Title Policies and shall be in
effect on the Listing Date. 

  

	 	(ii)	 On and from the Completion Date, for as long as the Lower Tier Sub-US REITs are
the owners of the Properties, the Properties will be insured in the name or for the relevant Insured Party by insurers of recognised financial responsibility against such losses and risks and in such amounts as are prudent and customary for
properties of a similar nature as the relevant Property; 

  

	 	(iii)	 All such policies of insurance in (i) and (ii) above will be in full force and effect and from the closing of the
transactions contemplated by the Portfolio Purchase and Sale Agreement and the Insured Parties will be in compliance with the terms of such policies and instruments, except where the failure to so comply would not individually or in the aggregate,
result in the increase of premiums payable, the reduction of insured amounts or the termination of such policies; 

  

	 	(iv)	 None of the Trustee, the Manager, the Manager US Sub, Keppel-KBS US REIT or any
of the Trust Group Entities have been refused any insurance coverage sought or applied for with respect to each of the Properties; and 

  

	 	(v)	 So far as the Manager is aware, no circumstances have arisen which would vitiate or permit the insurers to void any of
the policies of insurance in effect relating to any of the Properties; 

  

	 	(y)	 Permits and Licences. Save as disclosed in the boxed sections of the Preliminary Prospectus and the Prospectus
set out in Schedule 9, the Manager, the Trustee, the Manager US Sub, the US Asset Manager, Keppel-KBS US REIT, the Trust Group Entities and the KPA Guarantor and the US Asset Manager (in respect of activities
they undertakes in relation to Keppel-KBS US REIT and its assets and properties (including the Trust Group Entities and the Properties), or the performance of their obligations under the KBS Management
Agreement) possess (or will obtain in the ordinary course without breach of any applicable laws or regulations) all licences, certificates, permits and other 

  
 35 

	 	 
authorisations issued by the appropriate regulatory authorities or required under the provisions of all applicable laws (including but not limited to the Property Funds Appendix) necessary to
conduct the business and to own the assets as contemplated to be conducted or owned by it in the Preliminary Prospectus and the Prospectus and the Manager has not and, as far as the Manager is aware, none of the KC Group, the KBS Group and/or any of
the Vendors has, with respect to the Properties, received any notice of proceedings relating to the revocation or modification of any such licence, certificate, authorisation or permit and the Manager has no reason to believe that any such licence,
certificate, authorisation or permit will not be renewed in the ordinary course, except for such licences, certificates, permits and other authorisations, the lack of which will not, individually or in the aggregate, if the subject of an
unfavourable decision, ruling or finding, have a Material Adverse Effect; 

  

	 	(z)	 Internal Accounting Controls. The Manager will by the Listing Date establish and will maintain, in compliance
with applicable rules and regulations, a system of internal accounting and financial reporting controls with respect to Keppel-KBS US REIT and its subsidiaries sufficient to provide reasonable assurance that:

  

	 	(i)	 transactions are executed in accordance with management’s general and specific authorisations;

  

	 	(ii)	 transactions are recorded as necessary to (1) permit preparation of financial statements in accordance with
International Financial Reporting Standards, (2) maintain books, records and accounts in relation to the performance of the assets of Keppel-KBS US REIT and its subsidiaries which are accurate and fair
and provide sufficient basis for the preparation of financial statements; and 

  

	 	(iii)	 all necessary announcements can and will be made as and when required by the Code and the Listing Rules.

  

	 	(aa)	 Accounting Policies. From the date of constitution of Keppel-KBS US REIT,
Keppel-KBS US REIT and the Trust Group Entities have adopted accounting policies which are in conformity with International Financial Reporting Standards, and such accounting policies have been applied on a
consistent basis and have not been amended or modified since their adoption; 

  

	 	(bb)	 Intellectual Property. Neither Keppel-KBS US REIT nor any of the Trust
Group Entities owns or possesses any trademarks, service marks or trade names, or licensing rights for the use of any trademarks, service marks and trade names (together, Intellectual Property) (if any). The Manager, the Trustee, the Manager
US Sub, Keppel-KBS US REIT and the Trust Group Entities have obtained all permissions and consents for the use of any Intellectual Property being used, have complied with all obligations and requirements in
the use of such Intellectual Property, have not received any notice and are not aware of any infringement of or conflict with asserted rights of others with respect to any Intellectual Property and which
non-compliance or infringement would individually or in the aggregate result in a Material Adverse Effect; 

  
 36 

	 	(cc)	 Information Provided. All information provided by or on behalf of the Manager and its directors, employees and
officers to the Joint Bookrunners and Underwriters or their legal advisers, or to any of the Advisers, Experts or the Reporting Auditors for the purposes of the Offering (including the Verification Notes) or any of their respective reports or
letters contained or referred to in the Preliminary Prospectus and the Prospectus or any management representations or documents or other information requested by the Reporting Auditors or Allen & Gledhill LLP or DLA Piper LLP or Sheppard
Mullin Richter & Hampton LLP in connection with the provision of any comfort letters and with the legal due diligence reports on the Properties or for the purposes of or in the course of preparation of any application, request or response
to the SGX-ST and the MAS or other regulatory authorities or set out in or accompanying the applications to the SGX-ST dated 14 June 2017 and 25 August 2017
for the listing and quotation of the Units, or any other purpose related to the Offering, in each case, as amended, modified or supplemented by any additional material information provided by or on behalf of the Manager to the Joint Bookrunners and
Underwriters, their legal advisers or any of the Advisers prior to the date of this Agreement or otherwise superseded by information in the Preliminary Prospectus and the Prospectus, are: 

 

	 	(i)	 true and accurate in all material respects, and not misleading in any material respect, whether by omission or
misstatement in light of the circumstances under which such statement was made, and no information in connection with the Offering or otherwise has been withheld by the Manager from the Joint Bookrunners and Underwriters and their legal or other
professional advisers, or any of the Advisers, the SGX-ST or the MAS; and 

  

	 	(ii)	 as regards forecasts or estimates, and statements of opinion, belief, intention or expectation, truly, honestly and
reasonably held and given in good faith after due and careful enquiry; 

  

	 	(dd)	 Marketing Materials. The information, opinions, projections and intentions contained in any Marketing Material
approved by the Manager and distributed or communicated in connection with the Offering are consistent in all material respects with the information, opinions, projections and intentions contained in the Preliminary Prospectus and the Prospectus,
are true and accurate and not misleading in any material respect, and all reasonable enquiries have been made to ascertain or verify the foregoing, and will comply with all applicable statutory, regulatory and stock exchanges rules; in particular,
the product highlights sheets accompanying each of the Preliminary Prospectus and Prospectus are prepared in accordance with applicable laws, regulations and guidelines, including the Guideline No. SFA 13-G13
titled “Guidelines on the Product Highlights Sheet for Offers of Debt Securities, Hybrid Instruments and Equity Securities” issued by the MAS on 5 February 2016; 

 

	 	(ee)	 Preliminary Prospectus and Prospectus. 

 

	 	(i)	 The Preliminary Prospectus (as at its date of publication) and the Prospectus (as of its date of publication and as at
each Closing Date) contains and any amendment or supplement thereto will at their date of publication and each Closing Date contain, all information that investors 

  
 37 

	 	 
and their professional advisers would reasonably require and reasonably expect to find there, or that is necessary to enable investors and their investment advisers to make an informed assessment
of the merits and risks of an investment in Keppel-KBS US REIT, including without limitation the assets and liabilities, financial position, performance, profits and losses and prospects of Keppel-KBS US REIT and its subsidiaries, and the rights attaching to the Units; 

  

	 	(ii)	 the Preliminary Prospectus (as at its date of publication) and the Prospectus (as at its date of publication and each
Closing Date) do not, and in the case of any amendment or supplement to the Prospectus as at the date of its publication and the Closing Date will not, contain any untrue statement of a material fact or omit to state a material fact necessary to
make the statements therein, in the light of the circumstances under which they were made, not misleading; 

  

	 	(iii)	 the statements of intention, opinion, belief or expectation contained in the Preliminary Prospectus (as at its date of
publication) and the Prospectus (as at its date of publication and the Closing Date) were, and in the case of any amendment or supplement to the Prospectus at the date of its publication and the Closing Date will be, honestly and reasonably made or
held; and 

  

	 	(iv)	 all reasonable enquiries have been made to ascertain such facts and to verify the accuracy of all such statements;

  

	 	(ff)	 Independent Valuers. The valuers who prepared the valuations in respect of the Properties, as described in the
Preliminary Prospectus and the Prospectus, are independent valuers with respect to the Sponsors, the Manager, the Manager US Sub, Keppel-KBS US REIT and the Trust Group Entities; 

 

	 	(gg)	 Reporting Auditors. The Reporting Auditors who have certified certain financial information of Keppel-KBS US REIT and its subsidiaries and delivered their report with respect to the financial information of Keppel-KBS US REIT and its subsidiaries (including the related
notes and schedules) included in the Preliminary Prospectus and the Prospectus, are independent registered public accountants/independent auditors with respect to Keppel-KBS US REIT and its subsidiaries
pursuant to the SFA and duly licensed under applicable regulatory requirements of Singapore; 

  

	 	(hh)	 Financial and Statistical Information. 

 

	 	(i)	 The unaudited pro forma financial information of Keppel-KBS US REIT and its
subsidiaries (including any related notes and schedules) included in both the Preliminary Prospectus and the Prospectus: 

  

	 	(a)	 presents accurately in all material respects the financial condition of
Keppel-KBS US REIT and its subsidiaries as of the dates indicated and has been prepared in conformity with International Financial Reporting Standards. The financial data set forth under the caption
“Unaudited Pro Forma Financial Information” in both the Preliminary Prospectus and the 

  
 38 

	 	 
Prospectus fairly and accurately presents in all material respects, on the basis stated in both the Preliminary Prospectus and the Prospectus, respectively, the information included therein;

  

	 	(b)	 has been properly prepared on the basis of the assumptions set out in both the Preliminary Prospectus and the Prospectus
after making the adjustments set out in the Preliminary Prospectus and the Prospectus (and that such adjustments are appropriate for the purpose of such preparation); and 

 

	 	(c)	 has been reviewed by the Reporting Auditors; and 

 

	 	(ii)	 Nothing has come to the attention of the Manager that has caused the Manager to believe that the statistical and
market-related data included in the Preliminary Prospectus and the Prospectus is not based on or derived from sources that are reliable and accurate and the Manager has obtained the written consent to the use of such data from such sources to the
extent required; 

  

	 	(ii)	 Forward-Looking Statements. No Forward-Looking Statement contained in the Preliminary Prospectus and the
Prospectus has been made or reaffirmed without a reasonable basis or has been disclosed other than in good faith. All Forward-Looking Statements and all forecasts, estimates, expressions of opinion, intention and expectation contained in the
Preliminary Prospectus and the Prospectus are made on reasonable grounds, are honestly held by the Manager and have been made after reasonable enquiry and consideration, and all expressions of opinion, intention and expectation attributed to any
person or persons in the Preliminary Prospectus and the Prospectus are considered by the Manager and its directors to be fair and not misleading in any material respect. The statements and financial information (including the assumptions) included
in the Preliminary Prospectus and the Prospectus under the heading “Profit Forecast and Profit Projection” (together, the Projections) have been properly compiled, have taken into account such receivables (including all rental
income from the Properties), payables (including capital expenditures, operating expenses, property taxes and such other payments required to be made in respect of the Properties as noted in the Title Insurance Exceptions) and other contingent
liabilities (other than those which Keppel-KBS US REIT and/or the Trust Group Entities have been indemnified under legally enforceable indemnities provided by parties other than the Manager, the Manager US
Sub, the Trustee, Keppel-KBS US REIT or any of the Trust Group Entities) of Keppel-KBS US REIT for the period from 1 January 2018 to 31 December 2019, and have
been prepared in accordance with the accounting policies set out in the Preliminary Prospectus and the Prospectus and are presented in accordance with the relevant presentation principles of International Financial Reporting Standards applied on a
consistent basis throughout the periods involved. All assumptions material to the Projections are fairly and accurately described in the Preliminary Prospectus and the Prospectus, the assumptions used in the preparation of the Projections are
appropriate and reasonable, there are no facts or any assumptions known to the Manager and its directors which have not been taken into account in preparing the Projections and which could reasonably be expected to have, individually or in
aggregate, a material 

  
 39 

	 	 
adverse effect on the Projections, and the Manager and its directors are not aware of any business, economic or industry developments inconsistent in any material respect with the assumptions
underlying the Projections. Without prejudice to the generality of the foregoing, the Manager discussed the Projections with the Reporting Auditors and the Manager does not disagree with the opinion of the Reporting Auditors expressed in their
reports contained in the Preliminary Prospectus and the Prospectus; 

  

	 	(jj)	 Working capital. (i) Keppel-KBS US REIT and the Trust Group Entities
do not have any capital commitment which is sufficiently material to merit disclosure in the Preliminary Prospectus and the Prospectus but is not so disclosed; and (ii) taking into account the net proceeds to be received by Keppel-KBS US REIT from the Offering and the application of such proceeds in the manner stated in the section of the Preliminary Prospectus and the Prospectus under the heading “Use of Proceeds”, the
available cash balance of Keppel-KBS US REIT and the cash flow expected to be generated from operations after the Listing Date, the Manager believes that the working capital available to Keppel-KBS US REIT and its subsidiaries is and will be sufficient for the present working capital requirements of the Keppel-KBS US REIT and its subsidiaries and in any event
for at least 12 months from the close of the Offering; 

  

	 	(kk)	 No indebtedness. Save as disclosed in the Preliminary Prospectus and the Prospectus, none of the Manager, the
Manager US Sub, Keppel-KBS US REIT or any of the Trust Group Entities has any capital commitment, guarantees or other contingent liabilities and is, or has been party to any unusual, long term or onerous
commitments, contracts or arrangements not in the ordinary and usual course of business.; 

  

	 	(ll)	 Collective Investment Scheme. Keppel-KBS US REIT has been duly authorised
by the MAS as a collective investment scheme which is a real estate investment trust pursuant to Section 286 of the SFA and in accordance with the Code and the Property Funds Appendix; 

 

	 	(mm)	 Announcements. All statements of fact contained in any public announcements required for the purposes of the
Offering in relation to the Offering made by or on behalf of entities within the Keppel Group, the KBS Group or by the Manager or KPAor their respective Affiliates are true and accurate in all material respects and not misleading in any material
respect; 

  

	 	(nn)	 Eligibility-to-list letter. Keppel-KBS US REIT has received the ETL Letter from the SGX-ST for the Listing and all necessary copies of the Prospectus will be delivered to the SGX-ST pursuant to such letter; 

  

	 	(oo)	 Registration of Prospectus. A copy of the Prospectus in agreed form (duly signed by or on behalf of the directors
of the Manager) will be registered as a prospectus with the MAS in accordance with Section 296 of the SFA on the date hereof together with all other documents required by law or the MAS to be filed or accompanying the Prospectus at the time of
registration; 

  

	 	(pp)	 No Broker’s Fees. Neither the Manager nor any of their Affiliates or any person acting on its behalf has
paid or agreed to pay to any person any compensation for soliciting another to subscribe or purchase any securities of Keppel-KBS US 

  
 40 

	 	 
REIT (except as contemplated by this Agreement or as disclosed in the Preliminary Prospectus and the Prospectus); 

 

	 	(qq)	 Taxes. Other than real property transfer taxes and nominal stamp duty, there are no stamp duties or other
issuance or transfer, capital gains, income and withholding taxes or duties or other similar taxes, fees or charges required to be paid in connection with the execution, delivery and performance of any of the Transaction Documents or the issuance or
the sale of the Offering Units under this Agreement; save as disclosed above and in the Preliminary Prospectus and the Prospectus, none of the Properties or properties and assets of the Manager, the Manager US Sub,
Keppel-KBS US REIT or any of the Trust Group Entities will be subject to any taxes or duties or similar fees or charges in connection with the transactions to be performed under the Transaction Documents. Each
of the Manager, the Manager US Sub, Keppel-KBS US REIT and the Trust Group Entities has complied with all applicable laws and regulations in respect of the payment of taxes; 

 

	 	(rr)	 Distributions. Save as disclosed in the Preliminary Prospectus and the Prospectus, none of Keppel-KBS US REIT or any of the Trust Group Entities is prohibited by applicable law or by any contractual obligation or contractual restriction, directly or indirectly, from paying any dividends or from making any
other distribution on its income or its capital, or from repaying any loans or advances to it and the Manager is not prohibited by applicable law or by any contractual obligation or contractual restriction from declaring any distributions on Keppel-KBS US REIT’s income in accordance with the Trust Deed. No authorisation, approval or consent of any governmental authority or agency of such jurisdiction is required to effect distributions by Keppel-KBS US REIT or any of the Trust Group Entities and such distributions may be converted into foreign currency and freely transferred out of such jurisdiction; 

 

	 	(ss)	 No Undisclosed Relationships. Other than as disclosed in both the Preliminary Prospectus and the Prospectus:

  

	 	(i)	 none of the Manager (as manager of Keppel-KBS US REIT), the Manager US Sub, the
Trustee (as trustee of Keppel-KBS US REIT), Keppel-KBS US REIT, any of the Trust Group Entities is a party to any transaction entered into other than on normal
commercial terms; and 

  

	 	(ii)	 no transaction exists between (1) the Manager (as manager of Keppel-KBS US
REIT), the Manager US Sub, Keppel-KBS US REIT, the Trustee (as trustee of Keppel-KBS US REIT), any of the Trust Group Entities and (2) any of the entities within the
Keppel Group and/or the KBS Group and any interested party (as such term is defined in the Code) with regard to the business, undertakings, assets or properties (including the Properties) of Keppel-KBS US REIT
or any of the Trust Group Entities or otherwise, 

 which is required to be described in the Preliminary Prospectus
and the Prospectus pursuant to the SFA; 
  

	 	(tt)	 Material Contracts. Neither the Manager, the Manager US Sub, Keppel-KBS
US REIT or any of the Trust Group Entities is party to, or affected by, any agreement, arrangement or obligation entered into not in the ordinary course of 

  
 41 

	 	 
business that is material in the context of the Offering, or of the financial condition, prospects, earnings, business, undertakings, assets or properties of
Keppel-KBS US REIT and its subsidiaries, taken as a whole (including for the avoidance of doubt, the Properties) which is not disclosed in the Preliminary Prospectus and the Prospectus; 

 

	 	(uu)	 No Material Adverse Change. Except as disclosed in both the Preliminary Prospectus and the Prospectus, since the
date of constitution of Keppel-KBS US REIT: 

  

	 	(i)	 there has not been any change or a development involving a prospective change in the capital or long-term debt of Keppel-KBS US REIT and/or any of the Trust Group Entities, or any distribution of any kind declared, set aside for payment, paid or made by Keppel-KBS US REIT and/or any of
the Trust Group Entities on any class of capital, or any change having a Material Adverse Effect, or any development involving a prospective change which will have a Material Adverse Effect (including without limitation, having sustained any
material loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labour disturbance or dispute or any action, order or decree of any court or arbitrator or governmental
or regulatory authority).; and 

  

	 	(ii)	 neither Keppel-KBS US REIT nor any of the Trust Group Entities have entered into
any transaction that is material in the context of the Offering or incurred any liability or obligation, direct or contingent, that is material in the context of the Offering; 

 

	 	(vv)	 No Registration. None of the Manager or any of its Affiliates (which for the avoidance of doubt, includes both of
the Unit Lenders), or any person acting on its or their behalf (which, for the avoidance of doubt, shall not include any Joint Bookrunner and Underwriter) has, directly or indirectly, made or will make offers or sales of any security, or has
solicited or will solicit offers to buy, any security under circumstances that would require registration of the Units under the Securities Act. No registration under the Securities Act is required for the offer and sale of the Units to or by the
Joint Bookrunners and Underwriters in the manner contemplated herein and in the Preliminary Prospectus and the Prospectus; 

  

	 	(ww)	 AIFMD Compliance. The Manager has complied with all necessary requirements and formalities in the United Kingdom
as required for purposes of the Offering pursuant to the AIFMD, as transposed into the laws of the United Kingdom, for the offering of Offering Units to eligible investors in the United Kingdom; 

 

	 	(xx)	 No Directed Selling Efforts. Keppel-KBS US REIT is a “foreign
issuer” (as defined in Regulation S), and none of the Manager, Keppel-KBS US REIT nor any of their respective Affiliates (which for the avoidance of doubt, includes both of the Unit Lenders) nor any
person acting on its or their behalf (which, for the avoidance of doubt, shall not include any Joint Bookrunner and Underwriter, concerning whom no representation is made) has engaged or will engage in

  
 42 

	 	 
any directed selling efforts (within the meaning of Regulation S) with respect to the Units; 

  

	 	(yy)	 No SUSMI. The Manager reasonably believes that there is “no substantial U.S. market interest” (as
defined in Regulation S) in the Units or any security in the same class or series as the Units; 

  

	 	(zz)	 lnvestment Company Act. Keppel-KBS US REIT is not, and as a result of the
Offering or the receipt or application of the proceeds thereof will not be, an “investment company” as defined in the U.S. lnvestment Company Act of 1940, as amended; 

 

	 	(aaa)	 Compliance with the US Tax Code. The Parent US REIT’s and each of the
Sub-US REITs’ current organization and its current and anticipated investments and plan of operations as disclosed in the Preliminary Prospectus and the Prospectus will enable each of them to meet the
requirements for qualification and taxation as a “real estate investment trust” pursuant to sections 856 through 860 of the US Tax Code; 

  

	 	(bbb)	 All tax rulings obtained. Save for the Tax Rulings and confirmations sought from IRAS on the continued validity
of such Tax Rulings, the Manager has not (through its tax advisers or otherwise) and is not required to obtain any material tax rulings from the IRAS or the IRS for the taxation structure of Keppel-KBS US REIT
as described in the Preliminary Prospectus and the Prospectus, and the Tax Rulings have not been withdrawn or materially and adversely amended; 

  

	 	(ccc)	 Compliance With Laws. Each of the Preliminary Prospectus and the Prospectus contains all particulars and
information required by, and is in compliance with, and save as disclosed in the boxed sections of the Preliminary Prospectus and the Prospectus set out in Schedule 9, each of Keppel-KBS US REIT, the Trust
Group Entities, the Manager and the Manager US Sub are in compliance with all applicable provisions of the SFA, the Code, the CIS Regulations, the Listing Rules and all other requirements of the SGX-ST, the
MAS and all other applicable statutes, governmental regulations and laws; 

  

	 	(ddd)	 Use of proceeds. The statements in the section of the Preliminary Prospectus and the Prospectus titled “Use
of Proceeds” fairly and accurately describe the intended use of proceeds of the Offering and the Manager will apply such proceeds in the manner stated therein; 

 

	 	(eee)	 No unlawful payments. Neither the Manager, the Manager US Sub, Keppel-KBS
US REIT, any of the Trust Group Entities, nor any director or officer of the Manager, the Manager US Sub, Keppel-KBS US REIT and the Trust Group Entities, nor, to the knowledge of the Manager, any of their
respective employees, agents, Affiliates (other than those publicly disclosed by Keppel Corporation Limited, an Affiliate of KC) or other persons acting on behalf of any of the foregoing has (i) used any funds for any unlawful contribution,
gift, entertainment or other unlawful expense relating to political activity; (ii) made, offered to make, agreed, requested, received, authorized, or taken an act in furtherance of any direct or indirect unlawful payment or benefit to any
foreign or domestic government or regulatory official or employee, including officials and employees of any government-owned or controlled entity or of a public 

  
 43 

	 	 
international organisation, any political party or party official or candidate for political office, any person acting in an official capacity for or on behalf of any of the foregoing, or any
political party or party official or any other person; or (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended, any applicable law or regulation implementing the OECD Convention on
Combating Bribery of Foreign Public Officials in International Business Transactions, the Bribery Act 2010 of the United Kingdom, or any other applicable anti-bribery or anti-corruption law (collectively, the Anti-Bribery Laws). Except as
otherwise disclosed, no action, suit, proceeding, investigation (where the subject of the investigation has knowledge or reason to know of such investigations), or other written inquiry by or before any court or governmental or regulatory
agency, authority or body or any arbitrator involving the Manager, the Manager US Sub, Keppel-KBS US REIT, any of the Trust Group Entities with respect to Anti-Bribery Laws is pending or, to the knowledge of
the Manager, threatened. The Manager, the Manager US Sub, Keppel-KBS US REIT and the Trust Group Entities have instituted, and maintain and enforce, policies, procedures and controls designed to promote and
ensure compliance with all applicable Anti-Bribery Laws; 

  

	 	(fff)	 No conflicts with Sanctions Laws. Neither the Manager, the Manager US Sub,
Keppel-KBS US REIT, the Trust Group Entities nor any of their respective directors or officers, nor, to the knowledge of the Manager, any of their respective employees, agents, Affiliates or other persons
acting on behalf of the foregoing is currently the subject or the target of any sanctions administered or enforced by the U.S. Government, (including, without limitation, the Office of Foreign Assets Control of the U.S. Department of the Treasury
(OFAC) or the U.S. Department of State and including, without limitation, the designation as a “specially designated national” or “blocked person”), the United Nations Security Council (UNSC), the European Union or
any of its Member States, Her Majesty’s Treasury (HMT), or other relevant sanctions authority (collectively, Sanctions), nor is the Manager, the Manager US Sub, Keppel-KBS US REIT or
any of the Trust Group Entities located, organized or resident in a country or territory that is the subject or the target of Sanctions, including, without limitation, Cuba, Iran, North Korea, Crimea region of Ukraine and Syria (each, a
Sanctioned Country); and the Manager, the Manager US Sub, Keppel-KBS US REIT and the Trust Group Entities will not directly or indirectly use, or authorize any other person to use, the proceeds
of the offering of the Offering Units hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity (i) to fund or facilitate any activities of or business with any
person that, at the time of such funding or facilitation, is the subject or the target of Sanctions, (ii) to fund or facilitate any activities of or business in any Sanctioned Country or (iii) in any other manner that causes any of the
Joint Bookrunners and Underwriters to violate the Sanctions. The Manager, the Manager US Sub, Keppel-KBS US REIT and the Trust Group Entities have not, and to the knowledge of the Manager, none of the
directors, officers, employees, agents and Affiliates of the foregoing have engaged in, directly or indirectly, any dealings or transactions with any person that at the time of the dealing or transaction is or was the subject or the target of
Sanctions or with any Sanctioned Country, or that otherwise violates Sanctions; and 

  
 44 

	 	(ggg)	 Compliance with Money Laundering Laws. The operations of the Manager, the Manager US Sub, Keppel-KBS US REIT and the Trust Group Entities are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements, including those of the Currency and Foreign
Transactions Reporting Act of 1970, as amended, the applicable money laundering and terrorism financing statutes of all jurisdictions where the Manager, the Manager US Sub, Keppel-KBS US REIT and the Trust
Group Entities conducts business, the rules and regulations thereunder and any related or similar rules, regulations or guidelines issued, administered or enforced by any governmental or regulatory agency (collectively, the Anti-Money Laundering
and Anti-Terrorism Financing Laws) and no action, suit, proceeding, investigation (where the subject of the investigation has knowledge or reason to know of such investigations), or other written inquiry by or before any court or
governmental or regulatory agency, authority or body or any arbitrator involving the Manager, the Manager US Sub, Keppel-KBS US REIT and the Trust Group Entities with respect to the Anti-Money Laundering and
Anti-Terrorism Financing Laws is pending or, to the knowledge of the Manager, threatened. 

  

	3.2	 Representations and warranties of the Sponsors 

Each of the Sponsors severally represents and warrants to and agrees with each Joint Bookrunner and Underwriter as set forth in this
Clause 3.2 (save for those representations and warranties expressly provided to be jointly and severally represented and warranted by KC and KPA), and accepts that the Joint Bookrunners and Underwriters are entering into this Agreement and the
Repayment Side Letter in reliance upon each such representation, warranty and undertaking: 
  

	 	(a)	 Organisation of Sponsors and their respective subsidiaries. 

 

	 	(i)	 (as a representation and warranty of KPA) KPA has been duly organised and is validly existing as a corporation under the
laws of Singapore with full power and authority to enter into and perform any of the Transaction Documents to which it is a party and to own or lease, as the case may be, and to operate its assets and properties and conduct its business as described
in the Preliminary Prospectus and the Prospectus; 

  

	 	(ii)	 (as a representation and warranty of KC) KC has been duly organised and is validly existing as a corporation under the
laws of Singapore with full power and authority and has obtained all approvals, licenses, authorisations and consents to enter into and perform any of the Transaction Documents to which it is a party and to own or lease, as the case may be, and to
operate its assets and properties and conduct its business as described in the Preliminary Prospectus and the Prospectus; 

  

	 	(iii)	 (as a representation and warranty of KPA) KBS SORP has been duly organised and is validly existing as a limited
liability company under the laws of the State of Delaware with full power and authority and has obtained all approvals, licenses, authorisations and consents to enter into and perform any of the Transaction Documents to which it is a party;

  
 45 

	 	(iv)	 (as a representation and warranty of KC) KCIH has been duly organised and is validly existing as a corporation under the
laws of Singapore with full power and authority and has obtained all approvals, licenses, authorisations and consents to enter into and perform any of the Transaction Documents to which it is a party; 

 

	 	(v)	 (as a joint and several representation and warranty of both KC and KPA) To the best of the Sponsors’ knowledge
after due and careful inquiries, the US Asset Manager has been duly organised and is validly existing as a limited liability company under the laws of the State of Delaware with full power and authority and has obtained all approvals, licenses,
authorisations and consents to enter into and perform any of the Transaction Documents to which it is a party; 

  

	 	(vi)	 (as a representation and warranty of KPA), KPA and KBS SORP have not taken any action, nor to the knowledge of KPA have
any other steps been taken or legal proceedings started or threatened against KPA and/or KBS SORP for their winding up or dissolution, or for either of them to enter into any arrangement or composition for the benefit of creditors, or for the
appointment of a receiver, administrative receiver, provisional liquidator, trustee or similar officer for any of them, or any of their interests, properties, revenues or assets; 

 

	 	(vii)	 (as a representation and warranty of KC) KC and KCIH have not taken any action, nor to the knowledge of KC have any
other steps been taken or legal proceedings started or threatened against KC and/or KCIH for their winding up or dissolution, or for either of them to enter into any arrangement or composition for the benefit of creditors, or for the appointment of
a receiver, administrative receiver, provisional liquidator, trustee or similar officer for any of them, or any of their interests, properties, revenues or assets; 

 

	 	(viii)	 (as a joint and several representation and warranty of both KC and KPA) to the best of the Sponsors’ knowledge
after due and careful inquiries, the US Asset Manager have not taken any action, nor to the knowledge of either Sponsor have any other steps been taken or legal proceedings started or threatened against the US Asset Manager for its winding up or
dissolution, or for it to enter into any arrangement or composition for the benefit of creditors, or for the appointment of a receiver, administrative receiver, provisional liquidator, trustee or similar officer for it, or any of its interests,
properties, revenues or assets; 

  

	 	(b)	 The US Asset Manager. (as a joint and several representation and warranty of both KC and KPA) The appointment of
the KPA Guarantor and of the US Asset Manager through the KPA Guarantor pursuant to the KBS Management Agreement, (i) has been done in compliance with applicable MAS guidelines on outsourcing, and (ii) to the best of the Sponsors’
knowledge after due and careful inquiries, has been duly authorised and the US Asset Manager has full power and authority to enter into the KBS Management Agreement and has obtained all approvals, licences, authorisations and consents required to
execute and perform its obligations thereunder; 

  
 46 

	 	(c)	 KCI. (as a joint and several representation and warranty of both KC and KPA) The outsourcing of services to KCI
by the Manager pursuant to the Keppel Management Agreement (i) has been done in compliance with applicable MAS guidelines on outsourcing, and (ii) has been duly authorised and the Manager and KCI have full power and authority to enter into
the Keppel Management Agreement and have each obtained all approvals, licences, authorisations and consents required to execute and perform their respective obligations thereunder; 

 

	 	(d)	 Transaction Documents (KC). (as a representation and warranty of KC) Each of the Transaction Documents to which
KC or entities within the KC Group are a party to has been duly authorised, executed and delivered by KC and the respective entity within the KC Group, and each of those Transaction Documents to be entered into by KC or entities within the KC Group
on the Listing Date will, when executed and delivered by such party, constitute such parties’ valid and legally binding agreements, enforceable in accordance with its terms and each of such Transaction Documents has not been amended or
supplemented other than as disclosed in the Preliminary Prospectus and the Prospectus. Each of the Transaction Documents which has been entered into by KC or entities within the KC Group are in full force and effect and there are no material
breaches or defaults of these agreements on the part of the counterparties to these agreements. To the knowledge of KC, there is no reason why the transactions described in the Transaction Documents (as applicable) would not be consummated;

  

	 	(e)	 Transaction Documents (KPA). (as a representation and warranty of KPA) Each of the Transaction Documents to which
KPA or entities within the KBS Group are a party to has been duly authorised, executed and delivered by KPA and the respective entity within the KBS Group, and each of those Transaction Documents to be entered into by KPA or entities within the KBS
Group on the Listing Date will, when executed and delivered by such party, constitute such parties’ valid and legally binding agreements, enforceable in accordance with its terms and each of such Transaction Documents has not been amended or
supplemented other than as disclosed in the Preliminary Prospectus and the Prospectus. Each of the Transaction Documents which has been entered into by KPA or entities within the KBS Group are in full force and effect and there are no material
breaches or defaults of these agreements on the part of the counterparties to these agreements. To the knowledge of KPA, there is no reason why the transactions described in the Transaction Documents (as applicable) would not be consummated;

  

	 	(f)	 No conflicts of the KC. (as a representation and warranty of KC) None of the execution and delivery of any of the
Transaction Documents to which KC or entities within the KC Group are a party to, the consummation of any of the transactions contemplated herein or therein or the fulfilment of the terms hereof or thereof or any other event, constitutes or will
constitute an event which entitles any person to require the redemption, repurchase or repayment of any indebtedness of KC, or will conflict with, result in a breach or violation or imposition of any lien, charge or encumbrance upon any asset or
property belonging to KC, whether with the passage of time or giving of notice or otherwise, in each case pursuant to: 

  
 47 

	 	(i)	 its Constitution, bylaws or other constitutive documents; 

 

	 	(ii)	 the terms of any Document to which KC is a party or bound or to which its assets or properties are subject; or

  

	 	(iii)	 any statute, law, rule, regulation, judgment, order or decree applicable to KC of any court, regulatory body,
administrative agency, governmental body, arbitrator or other authority having jurisdiction over KC or any of its assets and properties, as applicable, 

except in the case of paragraphs (ii) and (iii) only, where such conflict, breach, violation or imposition would not, individually
or in the aggregate, have a Material Adverse Effect or a material adverse effect on KC’s performance of this Agreement; 
  

	 	(g)	 No conflicts of the KPA. (as a representation and warranty of KPA) None of the execution and delivery of any of
the Transaction Documents to which KPA or entities within the KBS Group are a party to, the consummation of any of the transactions contemplated herein or therein or the fulfilment of the terms hereof or thereof or any other event, constitutes or
will constitute an event which entitles any person to require the redemption, repurchase or repayment of any indebtedness of KPA, or will conflict with, result in a breach or violation or imposition of any lien, charge or encumbrance upon any asset
or property belonging to KPA, whether with the passage of time or giving of notice or otherwise, in each case pursuant to: 

  

	 	(i)	 its Constitution, bylaws or other constitutive documents; 

 

	 	(ii)	 the terms of any Document to which KPA is a party or bound or to which its assets or properties are subject; or

  

	 	(iii)	 any statute, law, rule, regulation, judgment, order or decree applicable to KPA of any court, regulatory body,
administrative agency, governmental body, arbitrator or other authority having jurisdiction over KPA or any of its assets and properties, as applicable, 

except in the case of paragraphs (ii) and (iii) only, where such conflict, breach, violation or imposition would not, individually
or in the aggregate, have a Material Adverse Effect or a material adverse effect on KPA’s performance of this Agreement; 
  

	 	(h)	 No Consents Required by KC. (as a representation and warranty of KC) No consent, approval, authorisation,
licence, filing with or order of any court or governmental agency or body (including any consent, approval or authorisation of shareholders of KC) is required by KC in connection with the transactions contemplated by this Agreement or any of the
Transaction Documents to which KC is a party (including, without limitation, the execution, delivery and performance thereof), except such as have been obtained and disclosed in the Preliminary Prospectus and the Prospectus and all such consents,
approvals, authorisations, licences, filings with or orders of any court or governmental agency or body, as the case may be, are in full force and effect and to the extent that the same is subject to any conditions that are required to be

  
 48 

	 	 
complied with or fulfilled on or before the First Closing Date, that such conditions have been or will be complied with and fulfilled, save for such consents, approvals, authorisations, licences,
filings or orders, the lack of which, or failure to comply or fulfil do not, individually or in the aggregate, give rise to a Material Adverse Effect or a material adverse effect on KC’s performance of this Agreement; 

 

	 	(i)	 No Consents Required by KPA. (as a representation and warranty of KPA) No consent, approval, authorisation,
licence, filing with or order of any court or governmental agency or body (including any consent, approval or authorisation of shareholders of KPA) is required by KPA in connection with the transactions contemplated by this Agreement or any of the
Transaction Documents to which KPA is a party (including, without limitation, the execution, delivery and performance thereof), except such as have been obtained and disclosed in the Preliminary Prospectus and the Prospectus and all such consents,
approvals, authorisations, licences, filings with or orders of any court or governmental agency or body, as the case may be, are in full force and effect and to the extent that the same is subject to any conditions that are required to be complied
with or fulfilled on or before the First Closing Date, that such conditions have been or will be complied with and fulfilled, save for such consents, approvals, authorisations, licences, filings or orders, the lack of which, or failure to comply or
fulfil do not, individually or in the aggregate, give rise to a Material Adverse Effect or a material adverse effect on KPA’s performance of this Agreement; 

 

	 	(j)	 No Violation by KC. (as a representation and warranty of KC) Neither KC is in, nor is KC aware of any fact or
circumstance that may give rise to a, violation or default of the terms of: 

  

	 	(i)	 any provision of its Constitution, bylaws or other constitutive documents; 

 

	 	(ii)	 any Document to which it is a party or bound or to which its assets or properties is subject; or 

 

	 	(iii)	 any statute, law, rule, regulation, judgment, order or decree of any court, regulatory body, administrative agency,
governmental body, arbitrator or other authority having jurisdiction over it or any of its assets or properties, as applicable, 

except in the case of paragraphs (ii) and (iii) only, where such event, violation or default would not, individually or in the
aggregate, have a Material Adverse Effect or a material adverse effect on KC’s performance of this Agreement; 
  

	 	(k)	 No Violation by KPA. (as a representation and warranty of KPA) Neither KPA is in, nor is KPA aware of any fact or
circumstance that may give rise to a, violation or default of the terms of: 

  

	 	(i)	 any provision of its Constitution, bylaws or other constitutive documents; 

 

	 	(ii)	 any Document to which it is a party or bound or to which its assets or properties is subject; or 

  
 49 

	 	(iii)	 any statute, law, rule, regulation, judgment, order or decree of any court, regulatory body, administrative agency,
governmental body, arbitrator or other authority having jurisdiction over it or any of its assets or properties, as applicable, 

except in the case of paragraphs (ii) and (iii) only, where such event, violation or default would not, individually or in the
aggregate, have a Material Adverse Effect or a material adverse effect on KPA’s performance of this Agreement; 
  

	 	(l)	 No Proceedings involving KC. (as a representation and warranty of KC) No action, suit or litigation, arbitration,
investigation or administrative proceeding by or before any court or governmental agency, authority or body or any arbitrator involving KC and its assets and properties is pending or, as far as KC is aware, threatened and to its knowledge, no event
has occurred which could reasonably be expected to give rise to any such proceedings that would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect or a material adverse effect on KC’s performance of this
Agreement, and no order has been made or resolution passed and no petition has been presented for the winding-up of KC or for the appointment of an administrator, provisional supervisor, provisional liquidator
or analogous officer; 

  

	 	(m)	 No Proceedings involving KPA. (as a representation and warranty of KPA) No action, suit or litigation,
arbitration, investigation or administrative proceeding by or before any court or governmental agency, authority or body or any arbitrator involving KPA and its assets and properties is pending or, as far as KPA is aware, threatened and to its
knowledge, no event has occurred which could reasonably be expected to give rise to any such proceedings that would reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect or a material adverse effect on
KPA’s performance of this Agreement, and no order has been made or resolution passed and no petition has been presented for the winding-up of KPA or for the appointment of an administrator, provisional
supervisor, provisional liquidator or analogous officer; 

  

	 	(n)	 No immunity of KC. (as a representation and warranty of KC) None of KC, the entities within the KC Group, their
properties, assets or revenues (including, without limitation, the Properties) are entitled to any right of immunity on the grounds of sovereignty from any legal action, suit or proceeding, from set-off or
counterclaim, from the jurisdiction of any court, from services of process, from attachment prior to or in aid of execution of judgment; 

  

	 	(o)	 No immunity of KPA. (as a representation and warranty of KPA) None of KPA, the entities within the KBS Group,
their properties, assets or revenues (including, without limitation, the Properties) are entitled to any right of immunity on the grounds of sovereignty from any legal action, suit or proceeding, from set-off
or counterclaim, from the jurisdiction of any court, from services of process, from attachment prior to or in aid of execution of judgment; 

  

	 	(p)	 No Stabilisation. (as a joint and several representation and warranty of both KC and KPA) None of the Sponsors or
any person acting on their behalf (other than the Stabilising Manager or any of its Affiliates or other persons acting on behalf of the Stabilising Manager) has taken, directly or indirectly, any action designed to cause or which has constituted or
which might reasonably be expected to 

  
 50 

	 	 
cause or result, under any applicable law or regulation or otherwise, in the stabilisation or manipulation of the price of any security of Keppel-KBS US
REIT (including options in respect of the Units and other securities which are convertible into or exchangeable for those Units and any associated securities) to facilitate the sale or resale of the Units, or which would or might otherwise be
reasonably expected to constitute stabilising action or the purpose of which is to create actual, or apparent, active trading in, false or misleading impression as to the market in or value of the Units or to stabilise, manipulate or raise the price
of the Units; 

  

	 	(q)	 Information Provided on the KC Group. (as a representation and warranty of KC) All information provided, or
documents provided, disclosed or made available from time to time by KC, the entities within the KC Group, and their directors, officers and employees in relation to the KC Group only to the Joint Bookrunners and Underwriters or their legal
advisers, or to any of the Advisers, Experts or the Reporting Auditors for the purposes of the Offering (including the Verification Notes) or any of their respective reports or letters contained or referred to in the Preliminary Prospectus and the
Prospectus or any management representations or documents or other information requested by the Reporting Auditors or Allen & Gledhill LLP or DLA Piper LLP or Sheppard Mullin Richter & Hampton LLP in connection with the provision
of any comfort letters (if applicable) and in connection with the legal due diligence reports on the Properties or for the purposes of or in the course of preparation of any application, request or response to the
SGX-ST and the MAS or other regulatory authorities or set out in or accompanying the applications to the SGX-ST dated 14 June 2017 and 25 August 2017 for the
listing and quotation of the Units, or any other purpose related to the Offering, in each case, as amended, modified or supplemented by any additional material information provided by or on behalf of either Sponsor to the Joint Bookrunners and
Underwriters, their legal advisers or any of the Advisers prior to the date of this Agreement or otherwise superseded by information in the Preliminary Prospectus and the Prospectus, are: 

 

	 	(i)	 true and accurate in all material respects, and not misleading in any material respect, whether by omission or
misstatement in light of the circumstances under which such statement was made; and 

  

	 	(ii)	 as regards forecasts or estimates, and statements of opinion, belief, intention or expectation, truly, honestly and
reasonably held and given in good faith after due and careful enquiry; 

  

	 	(r)	 Information Provided on the KBS Group. (as a representation and warranty of KPA) All information provided, or
documents provided, disclosed or made available from time to time by KPA, the entities within the KBS Group, and their directors, officers and employees in relation to the KBS Group only to the Joint Bookrunners and Underwriters or their legal
advisers, or to any of the Advisers, Experts or the Reporting Auditors for the purposes of the Offering (including the Verification Notes) or any of their respective reports or letters contained or referred to in the Preliminary Prospectus and the
Prospectus or any management representations or documents or other information requested by the Reporting Auditors or Allen & Gledhill LLP or DLA Piper LLP or Sheppard Mullin Richter & Hampton LLP in connection with the provision
of any comfort 

  
 51 

	 	 
letters and in connection with the legal due diligence reports on the Properties or for the purposes of or in the course of preparation of any application, request or response to the SGX-ST and the MAS or other regulatory authorities or set out in or accompanying the applications to the SGX- ST dated 14 June 2017 and 25 August 2017 for the
listing and quotation of the Units, or any other purpose related to the Offering, in each case, as amended, modified or supplemented by any additional material information provided by or on behalf of either Sponsor to the Joint Bookrunners and
Underwriters, their legal advisers or any of the Advisers prior to the date of this Agreement or otherwise superseded by information in the Preliminary Prospectus and the Prospectus, are: 

 

	 	(i)	 true and accurate in all material respects, and not misleading in any material respect, whether by omission or
misstatement in light of the circumstances under which such statement was made; and 

  

	 	(ii)	 as regards forecasts or estimates, and statements of opinion, belief, intention or expectation, truly, honestly and
reasonably held and given in good faith after due and careful enquiry; 

  

	 	(s)	 Preliminary Prospectus and Prospectus (KC). (as a representation and warranty of KC) In relation to information
relating to the KC Group contained in the Preliminary Prospectus (as at its date of publication) and the Prospectus (as at its date of publication and each Closing Date) are true and accurate in all material respects, and not misleading in any
material respect, whether by omission or misstatement in light of the circumstances under which such statement was made do not, and in the case of any amendment or supplement to the Prospectus as at the date of its publication and the Closing Date
will not, contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; 

 

	 	(t)	 Preliminary Prospectus and Prospectus (KPA). (as a representation and warranty of KPA) In relation to information
relating to the KBS Group contained in the Preliminary Prospectus (as at its date of publication) and the Prospectus (as at its date of publication and each Closing Date) are true and accurate in all material respects, and not misleading in any
material respect, whether by omission or misstatement in light of the circumstances under which such statement was made do not, and in the case of any amendment or supplement to the Prospectus as at the date of its publication and the Closing Date
will not, contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; 

 

	 	(u)	 No Registration. (as a joint and several representation and warranty of both KC and KPA) None of the Sponsors, or
any of their Affiliates (which for the avoidance of doubt, includes both the Unit Lenders) nor any person acting on any of their behalf (which, for the avoidance of doubt, shall not include any Joint Bookrunner and Underwriter) has, directly or
indirectly, made or will make offers or sales of any security, or has solicited or will solicit offers to buy, any security under circumstances that would require registration of the Units under the Securities Act. No registration under the
Securities Act of the Units is required 

  
 52 

	 	 
for the offer and sale of the Units to or by the Joint Bookrunners and Underwriters in the manner contemplated herein and in the Preliminary Prospectus and the Prospectus; 

 

	 	(v)	 No Directed Selling Efforts. (as a joint and several representation and warranty of both KC and KPA) None of the
Sponsors or any of their Affiliates (which for the avoidance of doubt, includes both the Unit Lenders) nor any person acting on any of their behalf (which, for the avoidance of doubt, shall not include any Joint Bookrunner and Underwriter,
concerning whom no representation is made) has engaged or will engage in any directed selling efforts (within the meaning of Regulation S) with respect to the Units; 

 

	 	(w)	 No SUSMI. (as a joint and several representation and warranty of both KC and KPA) The Sponsors reasonably believe
that there is no “substantial US market interest” (as defined in Regulation S) in the Units or any security in the same class or series of the Units; 

 

	 	(x)	 No unlawful payments (KC). (as a representation and warranty of KC) None of KC or any of the entities within the
KC Group nor any of their directors or officers nor, to the knowledge of KC, any employee of KC or the entities within the KC Group or any agent, Affiliate acting on behalf of any of the entities within the KC Group (other than those publicly
disclosed by Keppel Corporation Limited, an Affiliate of KC) or other person acting on behalf of any of the foregoing has (i) used any funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political
activity; (ii) made, offered to make, agreed, requested, received, authorized, or taken an act in furtherance of any direct or indirect unlawful payment or benefit to any foreign or domestic government or regulatory official or employee,
including officials and employees of any government-owned or controlled entity or of a public international organisation, any political party or party official or candidate for political office, any person acting in an official capacity for or on
behalf of any of the foregoing, or any political party or party official or any other person; or (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended, any applicable Anti-Bribery Laws.
Except as otherwise disclosed, no action, suit, proceeding, investigation (where the subject of the investigation has knowledge or reason to know of such investigations), or other written inquiry by or before any court or governmental or regulatory
agency, authority or body or any arbitrator involving KC or the entities within the KC Group with respect to Anti-Bribery Laws is pending or, to the knowledge of the Manager, threatened. KC and the entities within the KC Group have instituted, and
maintain and enforce, policies and procedures designed to promote and ensure compliance with all applicable Anti-Bribery Laws; 

  

	 	(y)	 No unlawful payments (KPA). (as a representation and warranty of KPA) None of KPA or any of the entities within
the KBS Group nor any of their directors or officers nor, to the knowledge of KPA, any employee of KPA or the entities within the KBS Group or any agent, Affiliate acting on behalf of any of the entities within the KBS Group or other person acting
on behalf of any of the foregoing has (i) used any funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made, offered to make, agreed, requested, received, authorized, or
taken an act in furtherance of any direct or indirect unlawful payment or benefit to any foreign 

  
 53 

	 	 
or domestic government or regulatory official or employee, including officials and employees of any government-owned or controlled entity or of a public international organisation, any political
party or party official or candidate for political office, any person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or any other person; or (iii) violated or is in violation of
any provision of the Foreign Corrupt Practices Act of 1977, as amended, any applicable Anti-Bribery Laws. Except as otherwise disclosed, no action, suit, proceeding, investigation (where the subject of the investigation has knowledge or reason to
know of such investigations), or other written inquiry by or before any court or governmental or regulatory agency, authority or body or any arbitrator involving KPA or the entities within the KBS Group with respect to Anti-Bribery Laws is pending
or, to the knowledge of the Manager, threatened. KPA and the entities within the KBS Group have instituted, and maintain and enforce, policies and procedures designed to promote and ensure compliance with all applicable Anti-Bribery Laws;

  

	 	(z)	 No conflicts with Sanctions Laws (KC). (as a representation and warranty of KC) None of KC or any of the entities
within the KC Group nor any of their directors or officers nor, to the knowledge of KC, any employee of KC or the entities within the KC Group or any agent, Affiliate acting on behalf of any of the entities within the KC Group or other person acting
on behalf of any of the entities within the KC Group is currently the subject or the target of any Sanctions, nor is KC or any of the entities within the KC Group located, organized or resident in a country or territory that is the subject or the
target of Sanctions, including, without limitation, the Sanction Country; and KC will not directly or indirectly use, or authorize any other person to use, the proceeds of the offering of the Offering Units hereunder, or lend, contribute or
otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity (i) to fund or facilitate any activities of or business with any person that, at the time of such funding or facilitation, is the subject
or the target of Sanctions, (ii) to fund or facilitate any activities of or business in any Sanctioned Country or (iii) in any other manner that causes any of the Joint Bookrunners and Underwriters to violate the Sanctions. KC and the
entities within the KC Group have not, and to the knowledge of the Manager, none of the directors, officers, employees, agents, and Affiliates acting on behalf of any of the entities within the KC Group have engaged in, directly or indirectly, any
dealings or transactions with any person that at the time of the dealing or transaction is or was the subject or the target of Sanctions or with any Sanctioned Country, or that otherwise violates Sanctions, and no action, suit, proceeding,
investigation (where the subject of the investigation has knowledge or reason to know of such investigations), or other written inquiry by or before any court or governmental or regulatory agency, authority or body or any arbitrator involving KC or
the entities within the KC Group with respect to Sanctions is pending or, to the knowledge of KC, threatened. KC and the entities within the KC Group have instituted, and maintain and enforce, policies, procedures and controls designed to promote
and ensure compliance with Sanctions; and 

  

	 	(aa)	 No conflicts with Sanctions Laws (KPA). (as a representation and warranty of KPA) None of KPA or any of the
entities within the KBS Group nor any of their directors or officers nor, to the knowledge of KPA, any employee of KPA or the entities within the KBS Group or any agent, or Affiliate acting on behalf of any of

  
 54 

	 	 
the entities within the KBS Group or other person acting on behalf of any of the entities within the KBS Group is currently the subject or the target of any Sanctions, nor is KPA or any of the
entities within the KBS Group located, organized or resident in a country or territory that is the subject or the target of Sanctions, including, without limitation, the Sanction Country; and KPA will not directly or indirectly use, or authorize any
other person to use, the proceeds of the offering of the Offering Units hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity (i) to fund or facilitate any
activities of or business with any person that, at the time of such funding or facilitation, is the subject or the target of Sanctions, (ii) to fund or facilitate any activities of or business in any Sanctioned Country or (iii) in any
other manner that causes any of the Joint Bookrunners and Underwriters to violate the Sanctions. KPA and the entities within the KBS Group have not, and to the knowledge of the Manager, none of the directors, officers, employees, agents, and
Affiliates acting on behalf of any of the entities within the KBS Group have engaged in, directly or indirectly, any dealings or transactions with any person that at the time of the dealing or transaction is or was the subject or the target of
Sanctions or with any Sanctioned Country, or that otherwise violates Sanctions, and no action, suit, proceeding, investigation (where the subject of the investigation has knowledge or reason to know of such investigations), or other written inquiry
by or before any court or governmental or regulatory agency, authority or body or any arbitrator involving KPA or the entities within the KBS Group with respect to Sanctions is pending or, to the knowledge of KPA, threatened. KPA and the entities
within the KBS Group have instituted, and maintain and enforce, policies, procedures and controls designed to promote and ensure compliance with Sanctions; and 

 

	 	(bb)	 Compliance with Money Laundering Laws (KC). (as a representation and warranty of KC) The operations of KC and the
entities within the KC Group are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements, including those of the Anti-Money Laundering and Anti-Terrorism Financing Laws and no action,
suit, proceeding, investigation (where the subject of the investigation has knowledge or reason to know of such investigations), or other written inquiry by or before any court or KC or any of the entities within the KC Group with respect to the
Anti-Money Laundering and Anti-Terrorism Financing Laws is pending or, to the knowledge of either Sponsor, threatened; and 

  

	 	(cc)	 Compliance with Money Laundering Laws (KPA). (as a representation and warranty of KPA) The operations of KPA and
the entities within the KBS Group are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements, including those of the Anti-Money Laundering and Anti-Terrorism Financing Laws and no
action, suit, proceeding, investigation (where the subject of the investigation has knowledge or reason to know of such investigations), or other written inquiry by or before any court or KBS or any of the entities within the KBS Group with respect
to the Anti-Money Laundering and Anti-Terrorism Financing Laws is pending or, to the knowledge of either Sponsor, threatened. 

  
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	3.3	 Representations and warranties of the Unit Lenders 

Each of the Unit Lenders severally represents and warrants to and agrees with each Joint Bookrunner and Underwriter, as follows: 

 

	 	(a)	 Organisation of the Unit Lenders. 

 

	 	(i)	 (as a representation and warranty of KBS SORP) KBS SORP has been duly organised and is validly existing as a limited
liability company under the laws of the State of Delaware with full power and authority and has obtained all approvals, licenses, authorisations and consents to enter into and perform its obligations under this Agreement, Unit Lending Agreement and
the Lock-up Letter executed by it, and to carry out the transactions contemplated by them; 

  

	 	(ii)	 (as a representation and warranty of KCIH) KCIH has been duly organised and is validly existing as a corporation under
the laws of Singapore and has full legal right, power and authority and has obtained all approvals, licenses, authorisations and consents to enter into and perform its obligations under this Agreement, Unit Lending Agreement and the Lock-up Letter executed by it, and to carry out the transactions contemplated by them; 

  

	 	(iii)	 (as a representation and warranty of KCIH) KCIH has not taken any action, nor to the knowledge of KCIH have any other
steps been taken or legal proceedings started or threatened against any of KCIH for its winding up or dissolution, or for it to enter into any arrangement or composition for the benefit of creditors, or for the appointment of a receiver,
administrative receiver, provisional liquidator, trustee or similar officer for it, or any of its interests, properties, revenues or assets; and 

  

	 	(iv)	 (as a representation and warranty of KBS SORP) KBS SORP has not taken any action, nor to the knowledge of KBS SORP have
any other steps been taken or legal proceedings started or threatened against any of KBS SORP for its winding up or dissolution, or for it to enter into any arrangement or composition for the benefit of creditors, or for the appointment of a
receiver, administrative receiver, provisional liquidator, trustee or similar officer for it, or any of its interests, properties, revenues or assets. 

  

	 	(b)	 Execution of Agreements by KCIH. (as a representation and warranty of KCIH) Each of the Transaction Documents to
which KCIH is a party to has been duly authorised, executed and delivered by KCIH, is in full force and effect and has not been amended or supplemented and constitute valid and legally binding agreement, enforceable in accordance with their
respective terms; there shall not have occurred any breach, default or non-compliance by any of the parties thereto of any of their obligations and agreements under such documents and to the knowledge of KCIH,
there is no reason why the transactions as described in the relevant Transaction Documents to which KCIH is a party would not be consummated; 

  
 56 

	 	(c)	 Execution of Agreements by KBS SORP. (as a representation and warranty of KBS SORP) Each of the Transaction
Documents to which KBS SORP is a party to has been duly authorised, executed and delivered by KBS SORP, is in full force and effect and has not been amended or supplemented and constitute valid and legally binding agreement, enforceable in
accordance with their respective terms; there shall not have occurred any breach, default or non-compliance by any of the parties thereto of any of their obligations and agreements under such documents and to
the knowledge of KBS SORP, there is no reason why the transactions as described in the relevant Transaction Documents to which KBS SORP is a party would not be consummated; 

 

	 	(d)	 No conflicts of KCIH. (as a representation and warranty of KCIH) None of the execution, delivery and performance
of any of the Transaction Documents to which KCIH is a party to, the consummation of any of the transactions contemplated herein or therein, the fulfilment of the terms hereof or thereof or any other event, constitutes or will constitute an event
which entitles any person to require the redemption, repurchase or repayment of any indebtedness of KCIH, or will conflict with, result in a breach or violation or imposition of any lien, charge or encumbrance upon any asset or property belonging to
KCIH, whether with the passage of time or giving of notice or otherwise, in each case pursuant to: 

  

	 	(i)	 its Constitution, bylaws or other constitutive documents; 

 

	 	(ii)	 the terms of any Document to which KCIH is a party or bound or to which its assets or properties is subject; or

  

	 	(iii)	 any statute, law, rule, regulation, judgment, order or decree (including, without limitation, the Listing Rules) of any
court, regulatory body, administrative agency, governmental body, arbitrator or other authority applicable to KCIH or any of its assets and properties, 

except in the case of paragraphs (ii) and (iii) only, where such conflict, breach violation or imposition would not, individually
or in the aggregate, have a Material Adverse Effect or a material adverse effect on KCIH’s performance of this Agreement and the Unit Lending Agreement; 
  

	 	(e)	 No conflicts of KBS SORP. (as a representation and warranty of KBS SORP) None of the execution, delivery and
performance of any of the Transaction Documents to which KBS SORP is a party to, the consummation of any of the transactions contemplated herein or therein, the fulfilment of the terms hereof or thereof or any other event, constitutes or will
constitute an event which entitles any person to require the redemption, repurchase or repayment of any indebtedness of KBS SORP, or will conflict with, result in a breach or violation or imposition of any lien, charge or encumbrance upon any asset
or property belonging to KBS SORP, whether with the passage of time or giving of notice or otherwise, in each case pursuant to: 

  

	 	(i)	 its Constitution, bylaws or other constitutive documents; 

 

	 	(ii)	 the terms of any Document to which KBS SORP is a party or bound or to which its assets or properties is subject; or

  
 57 

	 	(iii)	 any statute, law, rule, regulation, judgment, order or decree (including, without limitation, the Listing Rules) of any
court, regulatory body, administrative agency, governmental body, arbitrator or other authority applicable to KBS SORP or any of its assets and properties, 

except in the case of paragraphs (ii) and (iii) only, where such conflict, breach violation or imposition would not, individually
or in the aggregate, have a Material Adverse Effect or a material adverse effect on any KBS SORP’s performance of this Agreement and the Unit Lending Agreement; 
  

	 	(f)	 Preliminary Prospectus and Prospectus (KCIH). (as a representation and warranty of KCIH) The Unit Lenders
Information in relation to KCIH only contained in the Preliminary Prospectus (as at the date of its publication) and the Prospectus (as at the date of publication and the Closing Date) were, and in the case of any amendment or supplement to the
Prospectus at the date of its publication and the Closing Date will be, true and accurate in all material respects and not misleading in any material respect and that there are no other material facts in relation to KCIH the omission of which would
in the context of the offering and sale of Offering Units pursuant to the Public Offer and the Placement Tranche, make any statement relating to KCIH in the Prospectus (and any amendment or supplement to it) or the Preliminary Prospectus (as at
their respective dates) misleading in any material respect; 

  

	 	(g)	 Preliminary Prospectus and Prospectus (KBS SORP). (as a representation and warranty of KBS SORP) The Unit Lenders
Information in relation to KBS SORP only contained in the Preliminary Prospectus (as at the date of its publication) and the Prospectus (as at the date of publication and the Closing Date) were, and in the case of any amendment or supplement to the
Prospectus at the date of its publication and the Closing Date will be, true and accurate in all material respects and not misleading in any material respect and that there are no other material facts in relation to KBS SORP the omission of which
would in the context of the offering and sale of Offering Units pursuant to the Public Offer and the Placement Tranche, make any statement relating to KBS SORP in the Prospectus (and any amendment or supplement to it) or the Preliminary Prospectus
(as at their respective dates) misleading in any material respect; 

  

	 	(h)	 No consents required by KCIH. (as a representation and warranty of KCIH) No consent, approval, authorisation,
licence, filing with or order of any court or governmental agency or body (including any consent, approval or authorisation of shareholders of KCIH) is required by KCIH in connection with the transactions contemplated by any of the Transaction
Documents to which they are a party (including the execution, delivery and performance thereof), except such as have been obtained and disclosed in the Preliminary Prospectus and the Prospectus, and all such consents, approvals, authorisations,
licences, filings with or orders of court or governmental agency of body, as the case may be, are in full force and effect and to the extent that the same is subject to any conditions that are required to be complied with or fulfilled on or before
the First Closing Date, that such conditions have been complied with and fulfilled, except for such consent, approval, authorisation, licence, filing with or order of any court or governmental agency or body, the lack of which would not,
individually or in the aggregate have a Material Adverse Effect or a material adverse effect on KCIH’s performance of this Agreement and the Unit Lending Agreement; 

  
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	 	(i)	 No consents required by KBS SORP. (as a representation and warranty of KBS SORP) No consent, approval,
authorisation, licence, filing with or order of any court or governmental agency or body (including any consent, approval or authorisation of shareholders of KBS SORP) is required by KBS SORP in connection with the transactions contemplated by any
of the Transaction Documents to which they are a party (including the execution, delivery and performance thereof), except such as have been obtained and disclosed in the Preliminary Prospectus and the Prospectus, and all such consents, approvals,
authorisations, licences, filings with or orders of court or governmental agency of body, as the case may be, are in full force and effect and to the extent that the same is subject to any conditions that are required to be complied with or
fulfilled on or before the First Closing Date, that such conditions have been complied with and fulfilled, except for such consent, approval, authorisation, licence, filing with or order of any court or governmental agency or body, the lack of which
would not, individually or in the aggregate have a Material Adverse Effect or a material adverse effect on KBS SORP’s performance of this Agreement and the Unit Lending Agreement; 

 

	 	(j)	 Authority of Vendor-related Parties. (as a representation and warranty of KBS SORP) The execution of the
Portfolio Purchase and Sale Agreement and the sale of the Properties and performance by the Vendors of their obligations under the Portfolio Purchase and Sale Agreement: 

 

	 	(i)	 have been duly considered (with legal advice having been received) and approved by the board of directors (or such
committee thereof) of KBS SOR, and the board of directors (or such committee thereof) of KBS SOR has the authority to approve the sale of the Properties by the Vendors to Keppel-KBS US REIT without any
specific approval from the shareholders of KBS SOR, and the sale of the Properties by the Vendors to Keppel-KBS US REIT is in accordance with the terms of any constitutive documents or Documents of KBS SOR,
and complies with all laws and regulations applicable to KBS SOR; and 

  

	 	(ii)	 have been duly considered (with legal advice having been received) and approved by the board of directors (or such
committee thereof) of KBS BVI, and the board of directors (or such committee thereof) of KBS BVI has the authority to approve the sale of the Properties by the Vendors to Keppel-KBS US REIT without any
specific approval from holders of the debt securities issued by KBS BVI, and the sale of the Properties by the Vendors to Keppel-KBS US REIT is in accordance with the terms and conditions of the debt
securities issued by KBS BVI or of any constitutive documents or Documents of KBS BVI, and complies with all laws and regulations applicable to KBS BVI and the terms and conditions of the debt securities it issued. 

 

	 	(k)	 No violation by KCIH. (as a representation and warranty of KCIH) Neither KCIH is in, nor is KCIH aware of any
fact or circumstance that may give rise to, a violation or default of the terms of: 

  

	 	(i)	 any provision of its Constitution, bylaws or other constitutive documents; 

  
 59 

	 	(ii)	 any Document to which it is a party or bound or to which its assets or properties is subject; or 

 

	 	(iii)	 any statute, law, rule, regulation, judgment, order or decree of any court, regulatory body, administrative agency,
governmental body, arbitrator or other authority having jurisdiction over its or any of its assets or properties, as applicable, 

except (with respect to paragraphs (ii) and (iii) only) for such violation or default which would not, individually or in the
aggregate, have a Material Adverse Effect and a material adverse effect on KCIH’s performance of this Agreement and the Unit Lending Agreement; 
  

	 	(l)	 No violation by KBS SORP. (as a representation and warranty of KBS SORP) Neither KBS SORP is in, nor is KBS SORP
aware of any fact or circumstance that may give rise to, a violation or default of the terms of: 

  

	 	(i)	 any provision of its Constitution, bylaws or other constitutive documents; 

 

	 	(ii)	 any Document to which it is a party or bound or to which its assets or properties is subject; or 

 

	 	(iii)	 any statute, law, rule, regulation, judgment, order or decree of any court, regulatory body, administrative agency,
governmental body, arbitrator or other authority having jurisdiction over its or any of its assets or properties, as applicable, 

except (with respect to paragraphs (ii) and (iii) only) for such violation or default which would not, individually or in the
aggregate, have a Material Adverse Effect and a material adverse effect on KBS SORP’s performance of this Agreement and the Unit Lending Agreement; 
  

	 	(m)	 No proceedings involving KCIH. (as a representation and warranty of KCIH) No action, suit or litigation,
arbitration, investigation or administrative proceeding by or before any court or governmental agency, authority or body or any arbitrator involving KCIH and its assets and properties is pending or, as far as KCIH is aware, threatened and no event
has occurred which could reasonably be expected to give rise to any such proceedings that could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect or a material adverse effect on KCIH’s performance of
this Agreement and the Unit Lending Agreement, and no order has been made or resolution passed and no petition has been presented for the winding-up of KCIH or for the appointment of an administrator,
provisional supervisor, provisional liquidator or analogous officer; 

  

	 	(n)	 No proceedings involving KBS SORP. (as a representation and warranty of KBS SORP) No action, suit or litigation,
arbitration, investigation or administrative proceeding by or before any court or governmental agency, authority or body or any arbitrator involving KBS SORP and its assets and properties is pending or, as far as KBS SORP is aware, threatened and no
event has occurred which could reasonably be expected to give rise to any such proceedings that could reasonably be expected, individually or in the 

  
 60 

	 	 
aggregate, to have a Material Adverse Effect or a material adverse effect on KBS SORP’s performance of this Agreement and the Unit Lending Agreement, and no order has been made or resolution
passed and no petition has been presented for the winding-up of KBS SORP or for the appointment of an administrator, provisional supervisor, provisional liquidator or analogous officer; 

 

	 	(o)	 No immunity of KCIH. (as a representation and warranty of KCIH) None of KCIH or its subsidiaries, properties,
assets or revenues (including, without limitation, the Properties) are entitled to any right of immunity on the grounds of sovereignty from any legal action, suit or proceeding, from set-off or counterclaim,
from the jurisdiction of any court, from services of process, from attachment prior to or in aid of execution of judgment. 

  

	 	(p)	 No immunity of KBS SORP. (as a representation and warranty of KBS SORP) None of KBS SORP or its subsidiaries,
properties, assets or revenues (including, without limitation, the Properties) are entitled to any right of immunity on the grounds of sovereignty from any legal action, suit or proceeding, from set-off or
counterclaim, from the jurisdiction of any court, from services of process, from attachment prior to or in aid of execution of judgment. 

  

	 	(q)	 Over-Allotment Units (KCIH). (as a representation and warranty of KCIH) As at each Option Closing Date, KCIH will
have full legal ownership of the Over-Allotment Units as described in the Preliminary Prospectus and the Prospectus and are entitled to deliver its Over-Allotment Units to the Stabilising Manager, as agent of the Joint Bookrunners, in accordance
with this Agreement, and the Over-Allotment Units, when (and to the extent) delivered to the Stabilising Manager, will be fully paid and will be delivered free from all Encumbrances, and will be freely transferable; 

 

	 	(r)	 Over-Allotment Units (KBS SORP). (as a representation and warranty of KBS SORP) As at each Option Closing Date,
KBS SORP will have full legal ownership of the Over-Allotment Units as described in the Preliminary Prospectus and the Prospectus and are entitled to deliver its Over-Allotment Units to the Stabilising Manager, as agent of the Joint Bookrunners, in
accordance with this Agreement, and the Over-Allotment Units, when (and to the extent) delivered to the Stabilising Manager, will be fully paid and will be delivered free from all Encumbrances, and will be freely transferable; 

 

	 	(s)	 No stabilisation (KCIH): (as a representation and warranty of KCIH) None of KCIH nor any person acting on its
behalf (other than the Stabilising Manager or any of its Affiliates or other persons acting on behalf of the Stabilising Manager) has taken, directly or indirectly, any action designed to cause or which has constituted or which might reasonably be
expected to cause or result, under any applicable law or regulation or otherwise, in the stabilisation or manipulation of the price of any security of Keppel-KBS US REIT (including options in respect of the
Units and other securities which are convertible into or exchangeable for those Units and any associated securities) to facilitate the sale or resale of the Units, or which would or might reasonably be expected to otherwise constitute stabilising
action or the purpose of which is to create actual, or apparent, active trading in, false or misleading impression as to the market in or value of the Units or to stabilise, manipulate or raise the price of the Units; 

  
 61 

	 	(t)	 No stabilisation (KBS SORP): (as a representation and warranty of KBS SORP) None of KBS SORP nor any person
acting on its behalf (other than the Stabilising Manager or any of its Affiliates or other persons acting on behalf of the Stabilising Manager) has taken, directly or indirectly, any action designed to cause or which has constituted or which might
reasonably be expected to cause or result, under any applicable law or regulation or otherwise, in the stabilisation or manipulation of the price of any security of Keppel-KBS US REIT (including options in
respect of the Units and other securities which are convertible into or exchangeable for those Units and any associated securities) to facilitate the sale or resale of the Units, or which would or might reasonably be expected to otherwise constitute
stabilising action or the purpose of which is to create actual, or apparent, active trading in, false or misleading impression as to the market in or value of the Units or to stabilise, manipulate or raise the price of the Units;

  

	 	(u)	 Unit Lending Agreement (KCIH). (as a representation and warranty of KCIH) The representations and warranties made
by KCIH (whether severally or jointly and severally) in the Unit Lending Agreement are true and correct; 

  

	 	(v)	 Unit Lending Agreement (KBS SORP). (as a representation and warranty of KBS SORP) The representations and
warranties made by KBS SORP (whether severally or jointly and severally) in the Unit Lending Agreement are true and correct; 

  

	 	(w)	 No Registration (KCIH). (as a representation and warranty of KCIH) None of KCIH nor any person acting on any of
its behalf (which, for the avoidance of doubt, shall not include any Joint Bookrunner and Underwriter) has, directly or indirectly, made or will make offers or sales of any security, or has solicited or will solicit offers to buy, any security under
circumstances that would require registration of the Units under the Securities Act. No registration under the Securities Act of the Units is required for the offer and sale of the Units to or by the Joint Bookrunners and Underwriters in the manner
contemplated herein and in the Preliminary Prospectus and the Prospectus; 

  

	 	(x)	 No Registration (KBS SORP). (as a representation and warranty of KBS SORP) None of KBS SORP nor any person acting
on any of its behalf (which, for the avoidance of doubt, shall not include any Joint Bookrunner and Underwriter) has, directly or indirectly, made or will make offers or sales of any security, or has solicited or will solicit offers to buy, any
security under circumstances that would require registration of the Units under the Securities Act. No registration under the Securities Act of the Units is required for the offer and sale of the Units to or by the Joint Bookrunners and Underwriters
in the manner contemplated herein and in the Preliminary Prospectus and the Prospectus; 

  

	 	(y)	 No Directed Selling Efforts (KCIH). (as a representation and warranty of KCIH) None of KCIH nor any of its
Affiliates nor any person acting on any of their behalf (which, for the avoidance of doubt, shall not include any Joint Bookrunner and Underwriter, concerning whom no representation is made) has engaged or will engage in any directed selling efforts
(within the meaning of Regulation S) with respect to the Units; 

  
 62 

	 	(z)	 No Directed Selling Efforts (KBS SORP). (as a representation and warranty of KBS SORP) None of KBS SORP nor any
of its Affiliates nor any person acting on any of their behalf (which, for the avoidance of doubt, shall not include any Joint Bookrunner and Underwriter, concerning whom no representation is made) has engaged or will engage in any directed selling
efforts (within the meaning of Regulation S) with respect to the Units; 

  

	 	(aa)	 No SUSMI (KCIH). (as a representation and warranty of KCIH) KCIH reasonably believes that there is no
“substantial US market interest” (as defined in Regulation S) in the Units or any security in the same class or series of the Units; 

  

	 	(bb)	 No SUSMI (KBS SORP). (as a representation and warranty of KBS SORP) KBS SORP reasonably believes that there is no
“substantial US market interest” (as defined in Regulation S) in the Units or any security in the same class or series of the Units; 

  

	 	(cc)	 No unlawful payments (KCIH). (as a representation and warranty of KCIH) None of KCIH nor any director or officer
of KCIH nor, to the knowledge of KCIH, any employee of KCIH or any agent, Affiliate (other than those publicly disclosed by Keppel Corporation Limited, an Affiliate of KC), or other person acting on behalf of KCIH has (i) used any funds for any
unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made, offered to make, agreed, requested, received, authorized, or taken an act in furtherance any direct or indirect unlawful payment or
benefit to any foreign or domestic government or regulatory official or employee, including officials and employees of any government-owned or controlled entity or of a public international organisation, any political party or party official or
candidate for political office, any person acting in an official capacity for or on behalf of any of the foregoing, or any political party or party official or any other person; (iii) violated or is in violation of any provision of the Foreign
Corrupt Practices Act of 1977, as amended, any applicable Anti-Bribery Laws. No action, suit, proceeding, investigation (where the subject of the investigation has knowledge or reason to know of such investigations), or other written inquiry by or
before any court or governmental or regulatory agency, authority or body or any arbitrator involving KCIH or, to the knowledge of KCIH, its Affiliates with respect to Anti-Bribery Laws (other than those publicly disclosed by Keppel Corporation
Limited, an Affiliate of KCIH) is pending or, to the knowledge of the KCIH, threatened. KCIH has instituted, and maintain and enforce, policies and procedures designed to promote and ensure compliance with all applicable Anti-Bribery Laws;

  

	 	(dd)	 No unlawful payments (KBS SORP). (as a representation and warranty of KBS SORP) None of KBS SORP nor any director
or officer of KBS SORP nor, to the knowledge of KBS SORP, any employee of KBS SORP or any agent, Affiliate (other than those publicly disclosed by Keppel Corporation Limited, an Affiliate of KC), or other person acting on behalf of KBS SORP has
(i) used any funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity; (ii) made, offered to make, agreed, requested, received, authorized, or taken an act in furtherance any direct
or indirect unlawful payment or benefit to any foreign or domestic government or regulatory official or employee, including officials and employees of any 

  
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government- owned or controlled entity or of a public international organisation, any political party or party official or candidate for political office, any person acting in an official
capacity for or on behalf of any of the foregoing, or any political party or party official or any other person; (iii) violated or is in violation of any provision of the Foreign Corrupt Practices Act of 1977, as amended, any applicable
Anti-Bribery Laws. No action, suit, proceeding, investigation (where the subject of the investigation has knowledge or reason to know of such investigations), or other written inquiry by or before any court or governmental or regulatory agency,
authority or body or any arbitrator involving KBS SORP or, to the knowledge of KBS SORP, its Affiliates with respect to Anti-Bribery Laws (other than those publicly disclosed by Keppel Corporation Limited, an Affiliate of KC) is pending or, to the
knowledge of the KBS SORP, threatened. KBS SORP has instituted, and maintain and enforce, policies and procedures designed to promote and ensure compliance with all applicable Anti-Bribery Laws; 

 

	 	(ee)	 No conflicts with Sanctions Laws (KCIH). (as a representation and warranty of KCIH) None of KCIH nor any director
or officer of any of KCIH nor, to the knowledge of KCIH, any employee of KCIH or any agent, Affiliate, or other person acting on behalf of KCIH is currently the subject or the target of any Sanctions, nor is KCIH located, organized or resident in a
country or territory that is the subject or the target of Sanctions, including, without limitation, the Sanction Countries; and KCIH will not directly or indirectly use, or authorize any other person to use, the proceeds of the offering of the
Over-Allotment Units hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity: (i) to fund or facilitate any activities of or business with any person that, at
the time of such funding or facilitation, is the subject or the target of Sanctions, (ii) to fund or facilitate any activities of or business in any Sanctioned Country or (iii) in any other manner that causes any of the Joint Bookrunners
and Underwriters to violate the Sanctions. KCIH has not, and to the knowledge of KCIH, none of the directors, officers, employees, agents, and Affiliates of the foregoing have engaged in, directly or indirectly, any dealings or transactions with any
person that at the time of the dealing or transaction is or was the subject or the target of Sanctions or with any Sanctioned Country, or that otherwise violates Sanctions; 

 

	 	(ff)	 No conflicts with Sanctions Laws (KBS SORP). (as a representation and warranty of KBS SORP) None of KBS SORP nor
any director or officer of any of KBS SORP nor, to the knowledge of KBS SORP, any employee of KBS SORP or any agent, Affiliate, or other person acting on behalf of KBS SORP is currently the subject or the target of any Sanctions, nor is KBS SORP
located, organized or resident in a country or territory that is the subject or the target of Sanctions, including, without limitation, the Sanction Countries; and KBS SORP will not directly or indirectly use, or authorize any other person to use,
the proceeds of the offering of the Over-Allotment Units hereunder, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity: (i) to fund or facilitate any activities of or
business with any person that, at the time of such funding or facilitation, is the subject or the target of Sanctions, (ii) to fund or facilitate any activities of or business in any Sanctioned Country or (iii) in any other manner that
causes any of the Joint Bookrunners and Underwriters to violate the Sanctions. KBS SORP has not, and to the knowledge of KBS SORP, none of the directors, officers, 

  
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employees, agents, and Affiliates of the foregoing have engaged in, directly or indirectly, any dealings or transactions with any person that at the time of the dealing or transaction is or was
the subject or the target of Sanctions or with any Sanctioned Country, or that otherwise violates Sanctions; 

  

	 	(gg)	 Compliance with Money Laundering Laws (KCIH). (as a representation and warranty of KCIH) The operations of KCIH
are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements, including those of the Anti-Money Laundering and Anti-Terrorism Financing Laws and no action, suit, proceeding, investigation
(where the subject of the investigation has knowledge or reason to know of such investigations), or other written inquiry by or before any court or governmental or regulatory agency, authority or body or any arbitrator involving KCIH with respect to
the Anti-Money Laundering and Anti-Terrorism Financing Laws is pending or, to the knowledge of KCIH, threatened; and 

  

	 	(hh)	 Compliance with Money Laundering Laws (KBS SORP). (as a representation and warranty of KBS SORP) The operations
of KBS SORP are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements, including those of the Anti-Money Laundering and Anti-Terrorism Financing Laws and no action, suit, proceeding,
investigation (where the subject of the investigation has knowledge or reason to know of such investigations), or other written inquiry by or before any court or governmental or regulatory agency, authority or body or any arbitrator involving KBS
SORP with respect to the Anti-Money Laundering and Anti-Terrorism Financing Laws is pending or, to the knowledge of KBS SORP, threatened. 

  

	3.4	 Repetition of representations and warranties 

The representations and warranties of the Manager in Clause 3.1, the Sponsors in Clause 3.2 and the Unit Lenders in Clause 3.3 shall be
deemed to be repeated by the relevant parties as of the Execution Time and at all times up to and including each Closing Date (including without limitation, the date of the Repayment Side Letter, the Completion Date and at the time immediately prior
to closing on each Closing Date. As of the date of any amendments or supplements to the Prospectus prepared by the Manager in accordance with the terms of this Agreement, the representations and warranties of the Manager in Clause 3.1, of the
Sponsors in Clause 3.2 and of the Unit Lenders in Clause 3.3, will be true and accurate with respect to the Prospectus as so amended or supplemented as if repeated as at such date. 

 

	3.5	 Reliance on representations and warranties 

Each of the Manager, the Sponsors and the Unit Lenders acknowledge, in respect of itself (and in the case of the Manager, in respect of Keppel-KBS US REIT) that the Joint Bookrunners and Underwriters are entering into this Agreement in reliance on each representation and warranty given by it in this Clause 3. 

 

	3.6	 Representations and warranties independent 

Each representation or warranty is to be construed independently and (except where this Agreement provides otherwise) is not limited by
any provision of this Agreement or any other representation or warranty. 

  
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	3.7	 Officers’ Certificates 

Any Officers’ Certificate signed by any officer of the Manager, the Sponsors and/or the Unit Lenders delivered to the Joint
Bookrunners and Underwriters or their counsel shall be deemed a representation and warranty by the Manager, the relevant Sponsor and the relevant Unit Lender, as the case may be, to each Joint Bookrunner and Underwriter as to the matters covered
thereby. 
  

	4.	 UNDERTAKINGS BY THE MANAGER, THE SPONSORS AND THE UNIT LENDERS 

 

	4.1	 Copies of Prospectus 

The Manager will furnish to each Joint Bookrunner and Underwriter and counsels for the Joint Bookrunners and Underwriters, without
charge, during the period referred to in Clause 4.3, such number of copies of the Preliminary Prospectus and the Prospectus and any amendments and supplements thereto as they may reasonably request from time to time. 

 

	4.2	 No amendments 

The Manager and each of the Sponsors undertakes that they will not amend or supplement the Preliminary Prospectus or Prospectus without
the prior written consent of the Joint Bookrunners and Underwriters (such consent not to be unreasonably withheld or delayed) except as required by applicable law or regulation, rule or directive (including without limitation, the SFA or the Listing
Rules) (and in such case, without prejudice to Clauses 3.1(cc), 3.2(m) and 3.3(d) and subject to the prior agreement of the Joint Bookrunners and Underwriters) as to the contents of the amendments or supplements. Neither the consent of the Joint
Bookrunners and Underwriters, nor the delivery by any Joint Bookrunner and Underwriter of any such amendment or supplement to offerees or investors, shall constitute a waiver of any of the conditions set forth in Section 4 hereof or waiver of
any rights under this Agreement, including termination rights under Clause 8. 
  

	4.3	 Notice 

If at any time prior to the Closing Date, the Manager, any of the Sponsors or any of the Unit Lenders becomes aware that any event has
occurred as a result of which: 
  

	 	(a)	 Representations and Warranties. Any of the representations and warranties given pursuant to Clause 3.1 or Clause
3.2 or Clause 3.3 would be untrue or incorrect as if such representations and warranties had been made or given at such time; or 

  

	 	(b)	 Prospectus. 

  

	 	(i)	 any statement of fact contained in the Preliminary Prospectus or the Prospectus (as then amended or supplemented) would
not be true and accurate in all material respects or is misleading in any material respect; 

  

	 	(ii)	 the Preliminary Prospectus or the Prospectus (as then amended or supplemented) would not contain all information
investors and their professional advisers would reasonably require and reasonably expect to find there, or that is necessary to enable investors and their professional 

  
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advisers to make an informed assessment of the merits and risks of an investment in Keppel-KBS US REIT, including without limitation the assets and
liabilities, financial position, profits and losses and prospects of Keppel-KBS US REIT and the Trust Group Entities and of the rights attached to the Units; 

 

	 	(iii)	 any information would be omitted from the Preliminary Prospectus or the Prospectus (as then amended or supplemented)
which might be necessary in order to make the statements in the Preliminary Prospectus or the Prospectus (as then amended or supplemented and as the case may be) not misleading in any material respect or which, in the context of the offering and
sale of Units pursuant to the Offering, would be material for disclosure in the Preliminary Prospectus or the Prospectus (as the case may be); or 

  

	 	(iv)	 if it shall be necessary to amend or supplement the Prospectus, to comply with applicable law or regulation, rule or
directive (including without limitation, the SFA, the CIS Regulations, the Code and the Listing Rules) by any governmental, supervisory or administrative bodies or agencies (including without limitation the
SGX-ST and MAS); or 

  

	 	(c)	 Breach. Any of the Manager, the Sponsors or the Unit Lenders has failed to comply with any of its undertakings
under this Agreement or breached in any material respect an obligation it has under a Transaction Document, or if any of the conditions set out in Clauses 7.3 and 7.4 are not, or will not be fulfilled by the First Closing Date and the relevant
Option Closing Date (as the case may be), 

 then the Manager (on behalf of the Trustee and itself), the relevant
Sponsor or the relevant Unit Lender, as the case may be, will promptly upon becoming aware of such failure: 
  

	 	(i)	 notify the Joint Bookrunners and Underwriters of any such event or circumstance in writing; 

 

	 	(ii)	 in the case of the Manager only, subject to the requirements of Clause 4.2, with respect to Clause 4.3(b) prepare an
amendment or supplement that will correct such statement or omission or effect such compliance; 

  

	 	(iii)	 in the case of the Manager only, supply any supplemented or amended Prospectus to the Joint Bookrunners and
Underwriters, and the counsel for the Joint Bookrunners and Underwriters without charge in such quantities as they may reasonably request; and 

  

	 	(iv)	 take such other steps as may be reasonably requested by the Joint Bookrunners and Underwriters to publicise the same.

 Without prejudice to the generality of this Clause 4.3, each of the Manager, the Sponsors and the Unit Lenders
undertakes to the Joint Bookrunners and Underwriters that they will not knowingly do or omit to do any act or thing which would render any of the warranties, agreements, or undertakings given pursuant to Clause 3 of this Agreement to be untrue or
incorrect, or breached. 

  
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	4.4	 Qualifications 

The Manager (on behalf of Keppel-KBS US REIT) will arrange, if necessary, for the qualification
of the Units for sale by the Joint Bookrunners and Underwriters under the laws of such jurisdictions as the Manager (on behalf of Keppel-KBS US REIT) and the Joint Bookrunners and Underwriters may agree and
will maintain such qualifications in effect so long as required for the sale of the Units. However, in no event shall the Manager be obliged to qualify to do business in any jurisdiction where it is not now so qualified or to take any action that
would subject it to service of process in suits, other than those arising out of the offering or sale of the Units, in any jurisdiction where it is not now so subject. The Manager (on behalf of Keppel-KBS US
REIT) will promptly advise the Joint Bookrunners and Underwriters of the receipt by the Manager of any notification with respect to the suspension or withdrawal of the qualification of the Units for subscription or sale in any jurisdiction or the
initiation or threatening of any proceeding for such purpose. 
  

	4.5	 No actions which would require registration of Units 

None of the Manager, the Sponsors, the Unit Lenders, any of their respective Affiliates, nor any person acting on its or their behalf
(which, for the avoidance of doubt, shall not include any Joint Bookrunner and Underwriter) will, directly or indirectly, make offers or sales of any security, or solicit offers to buy any security, under circumstances that would require the
registration or (subject to Clause 4.4) qualification of the Units in any jurisdiction outside Singapore, including registration under the Securities Act. 
  

	4.6	 No directed selling efforts 

None of the Trustee, the Manager, the Sponsors, the Unit Lenders or any of their Affiliates, nor any person acting on its or their
behalf (which for the avoidance of doubt, shall not include any Joint Bookrunner and Underwriter) will engage in any directed selling efforts (within the meaning of Regulation S) with respect to the Units. 

 

	4.7	 Listing, clearance and settlement 

The Manager will: 
  

	 	(a)	 Cause Listing. Use its best endeavours to cause the Listing of the Units from 2 p.m. on the First Closing Date,
and will procure that any conditions in the ETL Letter that are required to be complied with and fulfilled by each of them (as the case may be) before the First Closing Date, are so complied with and fulfilled; 

 

	 	(b)	 Maintain Listing. Use their best endeavours to maintain such Listing and if they are unable to do so, having used
such endeavours, the Manager shall use all reasonable endeavours to obtain and maintain a listing for the Units on one or more other alternative stock exchanges as the Manager (on behalf of Keppel-KBS US
REIT), with the approval of the Joint Bookrunners and Underwriters may decide; and 

  

	 	(c)	 Clearance and Settlement. Co-operate with the Joint Bookrunners and
Underwriters and use its best endeavours to cause the Units to become eligible for clearance and settlement through CDP from the First Closing Date. 

  
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	4.8	 Lock-ups 

 

	 	(a)	 Each of the Manager, KC, KCIH and KBS SORP severally agrees to execute and deliver, to the Joint Bookrunners and
Underwriters their respective Lock-up Letters and to comply with and procure the compliance with the same. 

  

	 	(b)	 Each of the Manager, the Sponsors and the KPA Guarantor severally agrees to procure the execution and delivery to the
Joint Bookrunners and Underwriters of the Lock-up Letter by KBS SOR, KBS SOLP and KBS BVI. 

  

	4.9	 Further undertakings 

Each of the Manager, the Sponsors and the Unit Lenders undertakes and covenants as follows: 

 

	 	(a)	 to not amend any of the terms of the Relevant Entities Subscription Agreements without the written consent of all the
Joint Bookrunners and Underwriters (such consent not to be unreasonably withheld or delayed); 

  

	 	(b)	 (in the case of the Manager only) to not waive any breach by either of KBS SOLP or KCIH of the terms of the KBS
Subscription Agreement and the KCIH Subscription Agreement respectively without the written consent of all the Joint Bookrunners and Underwriters (such consent not to be unreasonably withheld or delayed); 

 

	 	(c)	 to not terminate any of the Relevant Entities Subscription Agreements or take any action which might jeopardise the
existence, or enforceability of any of the terms, of the Relevant Entities Subscription Agreements without the written consent of all the Joint Bookrunners and Underwriters (such consent not to be unreasonably withheld or delayed);

  

	 	(d)	 that it shall not breach any of its obligations and it shall duly and promptly perform its obligations under this
Agreement and each of the Transaction Documents to which it is a party, and to procure the performance of the relevant entities’ obligations under the Portfolio Sale and Purchase Agreement; 

 

	 	(e)	 to procure that non-voting, fixed coupon preferred stock shall be issued by each
of the Parent US REIT and the Sub-US REITs to more than 100 individuals who shall not be related to the Manager, KC, KPA or their respective Affiliates no later than 31 January 2018, and to procure that
all common shares of each of the Lower Tier Sub-US REITs shall be held solely by the Upper Tier Sub-US REIT and all the common shares of the Upper Tier Sub-US REIT shall be held solely by the Parent U.S. REIT as described in the Preliminary Prospectus and the Prospectus immediately following the issue of such non-voting,
fixed coupon preferred stock; 

  

	 	(f)	 to procure the issue of the title insurance policies in the form of the Proforma Title Insurance Policies (which shall
provide coverage for a Property up to the amount of consideration paid or payable to the applicable Vendor and which shall only be subject the Title Insurance Exceptions) by the Title Insurance Company; 

  
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	 	(g)	 to promptly notify the Joint Bookrunners and Underwriters of all communications (written or oral) between the Manager
(or any person acting on its behalf, including any legal counsel), KC (or any person acting on its behalf, including any legal counsel) and/or KPA (or any person acting on its behalf, including any legal counsel) in respect of or relating to (a),
(b) or (c) of this Clause 4.9; and 

  

	 	(h)	 (in the case of the Manager only) to diligently pursue and enforce its rights under the Relevant Entities Subscription
Agreements, including without limitation, if requested by any Joint Bookrunner and Underwriter, claiming for specific performance under the Relevant Entities Subscription Agreements. In pursuing or enforcing its rights under the Relevant Entities
Subscription Agreements, the Manager shall act in accordance with the reasonable instructions of the Joint Bookrunners and Underwriters. 

  

	4.10	 Cornerstone Subscription Agreements 

The Manager undertakes and covenants that it: 
  

	 	(a)	 shall not amend any of the terms of the Cornerstone Subscription Agreements without the written consent of all the Joint
Bookrunners and Underwriters (such consent not to be unreasonably withheld or delayed); 

  

	 	(b)	 shall not waive any breach by any Cornerstone Investor of the terms of the Cornerstone Subscription Agreement without
the written consent of all the Joint Bookrunners and Underwriters (such consent not to be unreasonably withheld or delayed); 

  

	 	(c)	 shall not terminate the Cornerstone Subscription Agreements or take any action which might jeopardise the existence, or
enforceability of any of the terms, of the Cornerstone Subscription Agreements without the written consent of all the Joint Bookrunners and Underwriters (such consent not to be unreasonably withheld or delayed; 

 

	 	(d)	 shall not breach any of its obligations and it shall duly and promptly perform its obligations under the Cornerstone
Subscription Agreements; 

  

	 	(e)	 shall promptly notify the Joint Bookrunners and Underwriters of all written communications between the Manager (or any
person acting on its behalf, including any legal counsel) and the Cornerstone lnvestor (or any person acting on its behalf, including any legal counsel) in respect of or relating to amendment or waiver of any terms of the Cornerstone Subscription
Agreements or termination of the Cornerstone Subscription Agreements; and 

  

	 	(f)	 shall diligently pursue and enforce its rights under the Cornerstone Subscription Agreements, including without
limitation, if requested by any Joint Bookrunner and Underwriter, claiming for specific performance under the Cornerstone Subscription Agreements. In pursuing or enforcing its rights under the Cornerstone Subscription Agreements, the Manager shall
act in accordance with the reasonable instructions of the Joint Bookrunners and Underwriters. The Manager shall, at the request of the Joint Bookrunners and Underwriters, to the 

  
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extent permitted under law, assign its rights under the Cornerstone Subscription Agreements to the Joint Bookrunners and Underwriters. 

 

	4.11	 No stabilisation 

  

	 	(a)	 None of the Manager, KC, KPA, KCIH, KBS SOLP, KBS SORP, the KPA Guarantor or any of their respective Affiliates or any
person acting on its behalf (other than the Stabilising Manager or any of its Affiliates or other persons acting on behalf of the Stabilising Manager), will take, directly or indirectly, any action designed to or which has constituted or which might
be expected to cause or result, under any applicable law or regulation or otherwise, in stabilisation or manipulation of the price of any security of Keppel-KBS US REIT (including the Units, options in respect
of the Units and other securities which are convertible into or exchangeable for Units) to facilitate the sale or resale of the Units, or which would or might otherwise constitute stabilising action or the purpose of which is to create actual, or
apparent, active trading in or to raise the price of the Units. For the avoidance of doubt, the Stabilising Manager may, on behalf of the Joint Bookrunners and Underwriters, engage in transactions which stabilise the market price of the Units.

  

	             (b) 
	(i)	 The Manager will, on the date of this Agreement, execute and deliver the Stabilising Manager Appointment Letter (such letter to be in form and
substance compliant with applicable law as set out in Schedule 6) to the Stabilising Manager, for the Stabilising Manager to deliver to the SGX-ST; 

 

	 	(ii)	 The Manager and each of the Unit Lenders will, (i) as soon as practicable before the First Closing Date, deliver to
the Stabilising Manager a list in writing of all their associates (as defined in Section 4(6) of the SFA and for the purpose of Regulation 3A(8) of the Securities and Futures (Market Conduct) (Exemptions) Regulations 2006 of Singapore) as of
the date of its notice to the Stabilising Manager (being a date after the date of this Agreement), and (ii) thereafter, and from time to time up to the last day on which the Over-allotment Option may be exercised, deliver to the Stabilising
Manager an updated list of any other persons who become their associates after the date of the earlier notice to the Stabilising Manager; and 

  

	 	(iii)	 The Manager and each of the Unit Lenders will not, and will procure that their respective associates (as defined for the
purposes of Regulation 3A(8) of the Securities and Futures (Market Conduct) (Exemptions) Regulations 2006) will not, directly or indirectly, effect any sell order of the Units through the Stabilising Manager for the period commencing the date of the
commencement of dealing in the Units on the SGX-ST and expiring on the Option Closing Date. 

  

	4.12	 Use of Proceeds 

The Manager and Keppel-KBS US REIT will apply the net proceeds from the sale of the Units as
described in the Preliminary Prospectus and the Prospectus and will not directly or indirectly use such proceeds, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner or other person or entity: 

  
 71 

	 	(i)	 to fund or facilitate any activities of or business with any person that, at the time of such funding or facilitation,
is the subject or the target of the Sanctions, 

  

	 	(ii)	 to fund or facilitate any activities of or business in any Sanctioned Country, 

 

	 	(iii)	 in any other manner that causes any person, including the Joint Bookrunners and Underwriters, to violate the Sanctions,
or 

  

	 	(iv)	 in any manner that violates Anti-Money Laundering and Anti-Terrorism Financing Laws or Anti-Bribery Laws,

 and the Manager further covenants not to engage, directly or indirectly, in any other activities that would cause
any of the Joint Bookrunners and Underwriters to violate the Sanctions. 
  

	4.13	 Assistance 

The Manager and the Sponsors will co-operate to give all such assistance and provide all such
information as the Joint Bookrunners and Underwriters may reasonably require in connection with the making and implementation of the Offering in accordance with the arrangements contemplated by this Agreement. 

 

	4.14	 No announcements 

None of the Manager, KC, KPA or any of their respective affilaites shall make any announcement in relation to the Offering from the
Execution Time up to (and including) the later of the First Closing Date or the Option Closing Date, if the Over-Allotment Option is exercised, without the prior approval of the Joint Bookrunners and Underwriters (such approval not to be
unreasonably withheld or delayed), except where such announcement is required by applicable law or regulations or the Listing Rules, and in such event, such announcement shall be made with the prior consultation of the Joint Bookrunners and
Underwriters. None of the Manager, KC, KPA or their respective Affiliates shall make any announcement in relation to the Offering for the period from the date following the First Closing Date or the Option Closing Date, if the Over-Allotment Option
is exercised until the date falling 90 days from the First Closing Date or the Option Closing Date, if the Over-Allotment Option is exercised without consulting the Joint Bookrunners and Underwriters prior to publicising such announcement. 

 

	4.15	 Compliance with Laws 

The Manager, the Sponsors and the Unit Lenders each undertake to comply, in all material respects, with all the applicable provisions of
the SFA, the Code, the CIS Regulations, the on-going requirements of the relevant laws of the United Kingdom implementing the AIFMD, the Listing Rules and all other requirements of the SGX-ST and all other applicable statutes, governmental regulations and laws. 
  

	4.16	 Selling restrictions 

Each of the Manager, KC, KPA and their respective Affiliates has complied and will comply with the restrictions in connection with the
Offering as set forth in the section titled “Plan of Distribution — Distribution and Selling Restrictions” in the Preliminary Prospectus and the Prospectus. 

  
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	4.17	 No public offering 

None of the Manager, KC, KPA or their respective affiliates will take any action to permit a public offering of the Offering Units or
distribute the Preliminary Prospectus or the Prospectus or any relevant application forms for the Offering Units or other material relating to the Offering in any country or jurisdiction except in Singapore or any other country or jurisdiction where
such offering or distribution is permitted. 
  

	4.18	 Compliance with US Tax Code 

The Manager shall act in good faith to cause the Parent US REIT and each of the Sub-US REITs to
continue to qualify as “real estate investment trusts” pursuant to sections 856 through 860 of the US Tax Code from the completion of the Acquisitions. 
  

	4.19	 No competition 

None of the Manager, the Sponsors or their respective Affiliates will, from the date of this Agreement until the earliest of: 

 

	 	(a)	 30 days from the last Option Closing Date; and 

 

	 	(b)	 the date this Agreement is terminated in accordance with Clause 8.1, 

launch any other real estate-related equity offerings listed on the SGX-ST (except those which
relates to entities or real estate investment trusts or business trusts which are already listed on the SGX-ST and of which the constitution of the board of directors are in compliance with the listing rules
of the SGX-ST) which might, in the reasonable opinion of the Joint Bookrunners, have a material adverse effect on the Offering, and Underwriters, without the prior written consent of the Joint Bookrunners and
Underwriters (such consent not to be unreasonably withheld or delayed). For the avoidance of doubt, with respect only to Sponsors, this provision shall exclude entities which are not subsidiaries, direct or indirect, of any of the Sponsors. 

 

	4.20	 Additional KPA Undertakings 

KPA further undertakes to the Joint Bookrunners and Underwriters, for the period until 30 September 2018 (the Lockup
Period), as follows: 
  

	 	(a)	 Except as provided below, KPA shall not create or allow to exist any Encumbrance on any of its assets.

  

	 	(b)	 KPA shall not, without the written consent of the Joint Bookrunners and Underwriter: 

 

	 	(i)	 sell, transfer or otherwise dispose of any of its assets; 

 

	 	(ii)	 factor, sell, transfer or otherwise dispose of any of its receivables on recourse terms 

 

	 	(iii)	 enter into or permit to subsist any title retention arrangement in relation to any of its assets; 

  
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	 	(iv)	 create or allow to subsist any Encumbrance over any of its assets or any guarantee in respect of any obligation of any
person; 

  

	 	(v)	 enter into or permit to subsist any arrangement under which money or the benefit of a bank or other account may be
applied, set-off or made subject to a combination of accounts; or 

  

	 	(vi)	 enter into any other arrangement having a similar effect. 

 

	 	(c)	 KPA will procure that KC remits US$13.0 million of the KPA Payment to the KPA
Lock-up Account on such date when the KPA Payment is due to be made to KPA. Subject to Clause 4.20(d), KPA agrees that any withdrawals from the Lock-up Account on or
prior the last day of the Lockup Period shall be authorised by two signatories, one being a representative appointed by DBS Bank Ltd., and the other being a representative appointed by KPA. All interests accrued in the
Lock-up Account shall belong to KPA, and the interest shall be equivalent to the fixed deposit rates of DBS Bank Ltd. for an equivalent period. 

 

	 	(d)	 KPA undertakes that it shall not, without the prior written consent of the Joint Bookrunners and Underwriter, transfer
or procure the transfer of any amount in the KPA Lock-up Account to any party during the Lockup Period, except for US$1.0 million which the Joint Bookrunners and Underwriters agree can be transferred out
of the KPA Lock-up Account at any time after 30 June 2018. 

  

	4.21	 KC Undertakings 

KC further undertakes to the Joint Bookrunners and Underwriters that it shall pay US$13.0 million of the KPA Payment to the KPA Lock-up Account on such date when the KPA Payment is due to be made to KPA. 
  

	5.	 REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS BY THE JOINT BOOKRUNNERS AND UNDERWRITERS 

 

	5.1	 Selling Restrictions 

Each Joint Bookrunner and Underwriter, severally (and not jointly or jointly and severally), represents and warrants to and agrees with
the Manager that subject to the compliance by the Manager and each of the Sponsors of their respective representations and warranties in this Agreement, it has complied and will comply with the restrictions set forth in the section titled “Plan
of Distribution—Distribution and Selling Restrictions” in the Preliminary Prospectus and the Prospectus in connection with the Offering and sale of Offering Units pursuant to the Public Offer and the Placement Tranche. 

 

	5.2	 Representations and warranties 

Each Joint Bookrunner and Underwriter severally (and not jointly or jointly and severally), represents and warrants to and agrees with
the Manager and each of the Sponsors that: 
  

	 	(a)	 it has the requisite power and authority to enter into and perform this Agreement; 

  
 74 

	 	(b)	 this Agreement constitutes its valid and legally binding obligations in accordance with its terms (subject to
bankruptcy, insolvency and similar laws of general applicability relating to or affecting creditors’ rights and to general principles of equity); and 

neither it, its Affiliates nor any persons acting on its or their behalf have engaged or will engage in any directed selling efforts (as
defined in Regulation S) with respect to the Units. 
  

	6.	 COMMISSIONS, COSTS AND EXPENSES 

 

	6.1	 Fees payable by the Manager, the Sponsors and the Unit Lenders 

 

	 	(a)	 Financial Adviser Fee. The Manager (failing whom, the Sponsors (on a joint and several basis)) shall pay, or
direct the Trustee to pay, to DBS in its role as the Sole Financial Adviser and Issue Manager in connection with the Offering related structuring services (excluding, for the avoidance of doubt, the sale and purchase of the securities under this
Agreement), a financial adviser’s fee as separately agreed between the DBS, the Manager and the Sponsors in writing; 

  

	 	(b)	 Underwriting, Selling and Management Commission on the Offering Units and Cornerstone Units. The Manager (failing
whom, the Sponsors (on a joint and several basis)) shall pay, or direct the Trustee to pay: 

  

	 	(i)	 to the Joint Bookrunners and Underwriters (other than Citi) an underwriting, selling and management fee of 1.9% of the
Offering Price multiplied by the aggregate number of Offering Units and Cornerstone Units (and together with any GST payable thereon), in the proportion set forth opposite each such Joint Bookrunner and Underwriter’s name in Column 1 of
Schedule 1; and 

  

	 	(ii)	 to Citi an underwriting, selling and management fee as separately agreed between Citi, the Manager and the Sponsors in
writing, which shall not exceed 1.9% but which shall not be lower than 0.9% of the Offering Price multiplied by the aggregate number of Offering Units and Cornerstone Units (and together with any GST payable thereon), in the proportion set forth
opposite Citi in Column 1 of Schedule 1; 

  

	 	(c)	 Underwriting, Selling and Management Commission on the Over-Allotment Units. The Manager (failing whom, the
Sponsors (on a joint and several basis)) shall pay, or direct the Trustee to pay, to the Joint Bookrunners and Underwriters an underwriting, selling and management fee of 1.9% of the Offering Price multiplied by the aggregate number of
Over-Allotment Units for which such Over-Allotment Option has been exercised (and together with any GST payable thereon), in the proportion set forth opposite each such Joint Bookrunner and Underwriter’s name in Schedule 1;

  

	 	(d)	 Incentive Fee on the Offering Units and Cornerstone Units. The Manager may at its sole discretion pay, or direct
the Trustee to pay, to the Joint Bookrunners and Underwriters an incentive fee of up to 0.3% of the Offering Price multiplied by the aggregate number of Offering Units and Cornerstone Units (and together with any GST payable thereon), in such
amounts and in such proportion among 

  
 75 

	 	 
the Joint Bookrunners and Underwriters as may be determined by the Manager in its sole discretion; and 

  

	 	(e)	 Incentive Fee on the Over-Allotment Units. The Manager may at its sole discretion pay, or direct the Trustee to
pay, to the Joint Bookrunners and Underwriters an incentive fee of up to 0.3% of the Offering Price multiplied by the aggregate number of Over-Allotment Units (and together with any GST payable thereon), in such proportion among the Joint
Bookrunners and Underwriters as may be determined by the Unit Lender in its sole discretion. 

 Without prejudice to
the obligations of the Manager and the Sponsors (as the case may be) under this Clause 6, unless previously paid by the Manager or the Sponsors, the equivalent in United States dollars (as determined by the Joint Bookrunners and Underwriters) of any
amount due under Clauses 6.1(a) and 6.1(b) may be deducted from the Offering Proceeds to be paid to the Trustee for Keppel-KBS US REIT on the First Closing Date in accordance with Clauses 7.2(a). The amount
due under Clause 6.1(c) and incentive fees under Clauses 6.1(d) and 6.1(e) shall be paid to the Joint Bookrunners and Underwriters within 45 days of the First Closing Date or such other date as may be agreed between the Joint Bookrunners and
Underwriters, the Manager and the Sponsors. 
  

	6.2	 Keppel-KBS US REIT’s costs and expenses 

Regardless whether closing occurs on the First Closing Date, the Manager will pay or cause the Trustee to pay and/or reimburse (as the
case may be) (failing such payment and/or reimbursement, the Sponsors shall pay and/or reimburse) all the costs, charges and expenses whether incurred directly or indirectly (plus any applicable GST or value added tax): 

 

	 	(a)	 Professional Advisers. Of the legal, accountancy and other professional advisers instructed by the Manager, the
Trustee, the KC Group and/or the KBS Group in connection with the Offering, including those of Allen & Gledhill LLP, DLA Piper LLP, Sheppard Mullin Richter & Hampton LLP, the Reporting Auditor, Cushman & Wakefield of
Illinois, Inc. and JLL Valuation & Advisory Services, LLC incurred in connection with the Offering; 

  

	 	(b)	 Trustee. Of the preparation of the Trust Deed, the issuance thereunder of the Units and the fees and expenses of
the Trustee; 

  

	 	(c)	 Transaction Documents. In connection with the preparation and execution of the other Transaction Documents;

  

	 	(d)	 Offering Documents. Of the preparation, printing, reproduction, delivery (including postage, airfreight charges
and charges for counting and packaging) of the Preliminary Prospectus and the Prospectus, and each amendment or supplement thereto, in such number as may be reasonably requested for use in connection with the offering and sale of the Units;

  

	 	(e)	 Marketing logistics. In association with the expenses relating to the marketing the Offering and the Cornerstone
Subscription Agreements (including, without limitation, roadshow transportation and other costs and expenses incurred by or 

  
 76 

	 	 
on behalf of the representatives of the Managers in connection with the presentation to investors (including cornerstone investors)); 

 

	 	(f)	 Qualification. In connection with any registration or qualification of the Units for offer, subscription and sale
under the laws of any jurisdiction (pursuant to Clause 4.4 (including filing fees and the reasonable fees and expenses of counsel for the Joint Bookrunners and Underwriters relating to such registration and qualification)) where such Units are
offered or sold; 

  

	 	(g)	 SGX-ST and MAS. In connection with admission of the Units to the Official
List of the SGX-ST and any filings or registration requirements by the MAS; 

  

	 	(h)	 Participating Banks. Of the fees and expenses of the Participating Banks through which applications for the
Public Offer are made through the automated teller machines of the Participating Banks; 

  

	 	(i)	 Taxes and Duties. Of all stamp, registrations, transfer and other similar taxes, duties fees and charges
(including any interest and penalties thereon or in connection therewith) arising under the laws of Singapore or any other jurisdiction where the Manager and the Joint Bookrunners and Underwriters have agreed the Units may be offered and sold in
connection with the issue of and subscription for the Units contemplated hereby other than such taxes, duties, fees and charges as are payable by subscribers or purchasers of Units through or from any Joint Bookrunners and Underwriter; and

  

	 	(j)	 Other. Otherwise incurred by the Trustee, the Manager, any of the Sponsors or the Unit Lenders and incidental to
the performance by them of their obligations under this Agreement and not otherwise specifically provided for in this Clause 6.2. 

Unless previously paid by the Trustee, the Manager or the Sponsors, the equivalent in United States dollars (as reasonably determined by
the Joint Bookrunners and Underwriters and notified in advance to the Manager) of any amount due under this Clause 6.2 may be deducted from the Offering Proceeds to be paid to the Trustee for Keppel-KBS US
REIT on the First Closing Date (provided that any marketing or promotional expenses not permitted to be so deducted pursuant to the Code shall be paid by the Manager to the Joint Bookrunners and Underwriters on the First Closing Date). 

 

	6.3	 Joint Bookrunners and Underwriters’ expenses 

Whether or not there is closing on the First Closing Date, the Manager will pay or cause the Trustee to pay and/or reimburse (as the
case may be) (failing such payment and/or reimbursement, the Sponsors (on a joint and several basis) shall be liable to pay and/or reimburse each of the Joint Bookrunners and Underwriters) within 14 days after demand all out-of-pocket costs and expenses properly incurred in connection with the Offering, including but not limited to: 

 

	 	(a)	 Professional Advisers. the fees and expenses of third party advisers, including Allen & Overy LLP and
other advisers engaged for the purposes of advising on applicable selling restrictions in connection with the Offering, incurred by the Joint Bookrunners and Underwriters in connection with the Offering (for the

  
 77 

	 	 
avoidance of doubt, such fees and expenses also includes those incurred in connection with the Repayment Side Letter and the transactions contemplated thereunder); 

 

	 	(b)	 Marketing Logistics. the costs and expenses incurred by the Joint Bookrunners and Underwriters in connection with
the Offering and the Cornerstone Subscription Agreements, including, without limitation, all travel and accommodation expenses, all roadshow expenses, document production costs, translation fees courier costs, advertising and promotion expenses,
ratings agency fees, accounting fees, registration and listing fees and expenses, all printing costs in connection with the Offering and the Cornerstone Subscription Agreements, all costs and expenses incurred by the Joint Bookrunners and
Underwriters in connection with preparing, reviewing and publishing the “tombstone”, the pre-deal investor education costs, costs incurred in connection with the cornerstone subscription process and
the costs of any other marketing, advertising and any other announcement permitted by applicable law in relation to the Offering and the Cornerstone Subscription Agreements (for the avoidance of doubt, such costs and expenses also includes those
incurred in connection with the Repayment Side Letter and the transactions contemplated thereunder); 

  

	 	(c)	 Acquisitions. Any amounts and costs incurred in relation to any funding to facilitate the completion of the
Acquisitions pursuant to the Repayment Side Letter; 

  

	 	(d)	 Taxes and Duties. any taxes, duties, fees and charges which are payable by the Manager (or Keppel-KBS US REIT) but which are charged to the Joint Bookrunners and Underwriters; 

  

	 	(e)	 Keppel-KBS US REIT’s Costs and Expenses. Any costs and expenses
incurred in connection with the Offering and Cornerstone Subscription Agreements which are payable by the Manager (or Keppel-KBS US REIT) but which are charged to the Joint Bookrunners and Underwriters;

  

	 	(f)	 Remittance. any charges or fees levied on the remittance of moneys by the Joint Bookrunners and Underwriters, the
Trustee, the Manager or Keppel-KBS US REIT (as the case may be); and 

  

	 	(g)	 Other. all other costs and expenses which are incurred by the Joint Bookrunners and Underwriters with the prior
approval of the Manager. 

 Unless previously paid by the Trustee or the Manager, the equivalent in United States
dollars (as determined by the Joint Bookrunners and Underwriters) of any amount due, or which the Joint Bookrunners and Underwriters estimate will be due (such estimate having been agreed between the Manager and the Joint Bookrunners and
Underwriters) under this Clause 6.3 will be deducted from the Offering Proceeds paid to the Trustee on the First Closing Date. 
  

	6.4	 Gross-up 

All payments made by the Manager, the Trustee, KC or KPA, as the case may be, under this Clause 6 and Clause 9 shall be made gross, free
of any right of counterclaim or set 

  
 78 

 
off and without deduction or withholding of any kind other than any deduction or withholding required by law, provided that if the Manager, the Trustee, KC or KPA, as the case may be, makes a
deduction or withholding required by law, the sum due to the Joint Bookrunners and Underwriters or any of them from the Manager, the Trustee, KC or KPA, as the case may be, shall be increased to the extent necessary to ensure that, after the making
of any deduction or withholding, the relevant Joint Bookrunner(s) and Underwriter(s) receive a sum equal to the sum it/they would have received had no deduction or withholding been made. The Joint Bookrunners and Underwriters agree that all invoices
to be issued by them to the Manager, the Trustee, KC or KPA, as the case may be, shall be issued by their respective Singapore offices. 
  

	6.5	 Goods and Services Tax 

All amounts set out in this Clause 6 are exclusive of GST or any other tax or other levies imposed in connection with the Joint
Bookrunners and Underwriters’ obligations pursuant to this Agreement. Any GST or other levies now or hereafter imposed by law or required to be paid in respect of any moneys payable to or received or receivable by the Joint Bookrunners and
Underwriters or any of them pursuant to this Agreement shall (except to the extent prohibited by law) be borne and paid by the Trustee (failing which, the Manager, and failing which, the Sponsors (on a joint and several basis) shall liable to pay).

  

	6.6	 Brokerage fees 

The Manager and the Sponsors agree that other than the fees and commissions referred to in Clause 6.1, the Joint Bookrunners and
Underwriters may charge any brokerage or other similar fees up to one per cent. of the Offering Price per Unit in respect of the issue, sale or re-sale of the such number of Offering Units (including the
Cornerstone Units) set forth against the name of each Joint Bookrunner and Underwriter in Schedule 1 and any GST or other levies now or hereafter imposed by law, save that no brokerage or fees will be charged to
Keppel-KBS US REIT, the Manager and the Sponsors under this Agreement. 
  

	6.7	 Repayment Side Letter 

Without prejudice to the obligations of the Manager under this Clause 6, the Manager acknowledges and agrees that any amount due and
owing (including principal, interests and fees accrued thereof and all out-of-pocket costs and expenses) under the Repayment Side Letter may be deducted from the
Offering Proceeds to be paid to the Trustee for Keppel-KBS US REIT on the First Closing Date in accordance with Clauses 7.2(a). 
  

	7.	 CLOSING AND CONDITIONS 

 

	7.1	 Closing 

  

	 	(a)	 Subject to the fulfilment of the conditions set out in Clause 7.3, the closing of the subscription for the Offering
Units and the sale and purchase of any Over-Allotment Units in respect of which the First Closing Date has been designated as the Option Closing Date shall take place at 10.00 a.m. (Singapore time) (or such other time as the parties hereto may
agree) on the First Closing Date. The closing of the sale and purchase of any Over-Allotment Units in respect of which 

  
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 the Over-Allotment Option has been exercised and in respect of which the First Closing
Date has not been designated as the Option Closing Date therefore shall take place at 3.00 p.m. (Singapore time) (or such other time as the parties hereto may agree) on the Option Closing Date designated in the notice of such exercise. 

 

	 	(b)	 The Manager (in the case of the Offering Units), the Unit Lender (in the case of the Over-Allotment Units), the Sponsors
and the Joint Bookrunners and Underwriters may agree to postpone any Closing Date (in the case of Offering Units) or Option Closing Date (in the case of Over-Allotment Units) to another date being (in relation to that Closing Date) a date failing
not more than 20 Business Days after the date originally designated as such Closing Date, and (in relation to any Option Closing Date) a date falling not more than two Business Days after the date originally designated as such Option Closing Date,
whereupon all other references herein to such Closing Date or Option Closing Date (as the case may be) shall be construed as being to that later date. 

  

	7.2	 Payment and delivery 

  

	 	(a)	 Delivery of the Units shall be made to the CDP account(s) or sub-account(s) of
each Joint Bookrunner and Underwriter or as it may direct against payment by the Joint Bookrunners and Underwriters of the Offering Price in relation to the Offering Units, to be paid to the Trustee in the manner to be agreed between the Manager and
the Joint Bookrunners and Underwriters, less any deductions made pursuant to Clause 6.1, Clause 6.2, Clause 6.3, Clause 6.4 Clause 6.5 and/or Clause 6.7; and 

  

	 	(b)	 in relation to the Over-Allotment Units in respect of which the Over-Allotment Option has been exercised, payment by the
Joint Bookrunners and Underwriters of the Offering Price in relation to the Over-Allotment Units on an Option Closing Date, to or to the order of the Unit Lender, by giving irrevocable instructions to effect a telegraphic transfer, less any
deductions made pursuant to Clause 6.1, Clause 6.4 and/or Clause 6.5. 

 It is understood and agreed by the parties
hereto that no delivery of Units on the First Closing Date or an Option Closing Date (as the case may be) shall be effective unless and until payment therefore has been made, and that no such payment shall be effective unless such delivery has been
made, in each case in accordance with this Agreement. 
  

	7.3	 Conditions Precedent to First Closing 

The obligations of the Joint Bookrunners and Underwriters to subscribe or to procure subscribers for the Offering Units shall be subject
to the accuracy of the representations and warranties on the part of the Manager and the Sponsors (by reference to the facts or circumstances subsisting at that time) contained in this Agreement as of the Execution Time and the time immediately
prior to the payment of the Offering Price for the Units on the First Closing Date, to the accuracy of the representations and warranties of the Manager and the Sponsors (by reference to the facts or circumstances subsisting at that time) made in
any certificate delivered pursuant to this Agreement, to the performance by the Manager and the Sponsors of their respective obligations under this Agreement and to the following additional conditions: 

  
 80 

	 	(a)	 Closing Documents. The Joint Bookrunners and Underwriters shall have received on the Date of Registration and/or
on or before payment for the Offering Units on the First Closing Date, as the case may be, the following documents: 

  

	 	(i)	 Opinions of Allen & Gledhill LLP. On the Date of Registration, a Singapore law disclosure
opinion dated the Date of Registration, and on the First Closing Date, a Singapore law enforceability opinion and a “bring down” Singapore law disclosure opinion dated as of the First Closing Date, addressed to the Joint Bookrunners and
Underwriters from Allen & Gledhill LLP, in agreed form; 

  

	 	(ii)	 Opinions of Allen & Overy LLP. On the Date of Registration, a Singapore law disclosure
opinion dated the Date of Registration, and on the First Closing Date, a Singapore law enforceability opinion and a “bring down” Singapore law disclosure opinion dated as of the First Closing Date, addressed to the Joint Bookrunners and
Underwriters from Allen & Overy LLP, in agreed form; 

  

	 	(iii)	 Opinions of DLA Piper LLP. On the date of lodgement of the Preliminary Prospectus with the MAS, a U.S. corporate
legal opinion dated the date of lodgment, on the Date of Registration, a U.S. corporate legal opinion dated the Date of Registration, and on the First Closing Date, a U.S. corporate legal opinion dated as of the First Closing Date, addressed to the
Joint Bookrunners and Underwriters from DLA Piper LLP, in agreed form; 

  

	 	(iv)	 Opinions of Sheppard Mullin Richter & Hampton LLP. On the Date of Registration, a U.S.
corporate and enforceability legal opinion on the Portfolio Sale and Purchase Agreement dated the Date of Registration, and on the First Closing Date, a “bring down” U.S. corporate and enforceability legal opinion on the Portfolio Sale and
Purchase Agreement dated as of the First Closing Date, addressed to the Joint Bookrunners and Underwriters from Sheppard Mullin Richter & Hampton LLP, in agreed form 

 

	 	(v)	 No-Registration Opinion. On the First Closing Date, a no-registration opinion dated the First Closing Date addressed to the Joint Bookrunners and Underwriters from Allen & Overy LLP, in agreed form; 

 

	 	(vi)	 Legal Due Diligence Reports of Sheppard Mullin Richter & Hampton LLP. On or prior to the
date of lodgment of the Prospectus, and on the Date of Registration, legal due diligence reports for each of the Properties addressed to the Joint Bookrunners and Underwriters from Sheppard Mullin Richter & Hampton LLP, in agreed form;

  

	 	(vii)	 Consents from PBren and Schreiber. Before the First Closing Date, the execution of the consent letter by GKP,
PBren Investments, L.P, Schreiber Real Estate Investments, L.P., KBS Holdings LLC, KBS Capital Advisors LLC and the Joint Bookrunners and Underwriters, in form and substance satisfactory to the Joint Bookrunners and Underwriters;

  
 81 

	 	(viii)	 Certificate of the Manager. A signed Officers’ Certificate dated as of the First Closing Date from the
Manager, substantially in the form set out in Schedule 3; 

  

	 	(ix)	 Certificates of the Sponsors. A signed Officers’ Certificate dated as of the First Closing Date from each
Sponsor, substantially in the form set out in Schedule 4; 

  

	 	(x)	 Reporting Auditor’s Comfort Letters. On the date of lodgement of the Preliminary Prospectus with the MAS and
on the Date of Registration, comfort letters dated the date of lodgement of the Prospectus with the MAS and the Date of Registration respectively, and on the First Closing Date, a “bring-down” comfort letter dated as of the First Closing
Date, addressed to the Joint Bookrunners and Underwriters from the Reporting Auditor, in agreed form; 

  

	 	(xi)	 Tax Comfort Letters. On the date of lodgement of the Preliminary Prospectus with the MAS and on the Date of
Registration, comfort letters dated the date of lodgment of the Preliminary Prospectus with the MAS and the Date of Registration respectively, and on the First Closing Date, a “bring-down” comfort letter dated as of the First Closing Date,
addressed to the Joint Bookrunners and Underwriters from each of the independent Singapore tax adviser, Allen & Gledhill LLP and the independent U.S. tax adviser, DLA Piper LLP, in agreed form; 

 

	 	(xii)	 Reliance Letters. On the date of lodgement of the Preliminary Prospectus and on the Date of Registration,
reliance letters dated the date of lodgement of the Preliminary Prospectus and the Date of Registration respectively, addressed to the Joint Bookrunners and Underwriters from the independent market research consultant, Cushman & Wakefield
Illinois, Inc., in agreed form; 

  

	 	(xiii)	 Transaction Documents. Each Transaction Document to be entered into prior to the First Closing Date, duly
executed and delivered, on or before the First Closing Date by or on behalf of all parties thereto; 

  

	 	(xiv)	 Tax Rulings. The Tax Rulings shall not have been withdrawn or materially and adversely amended;

  

	 	(xv)	 SGX-ST Waiver. The SGX-ST Waiver
shall not have been withdrawn or materially and adversely amended; 

  

	 	(xvi)	 MAS Waiver. The MAS Waiver shall not have been withdrawn or materially and adversely amended;

  

	 	(xvii)	 CMS Licence. The CMS Licence, shall be in full force and effect and not amended or revoked and there being no
breach of the terms and conditions applicable to the CMS Licence; and 

  

	 	(xviii)	 Authorisation. The authorisation of Keppel-KBS US REIT as a collective
investment scheme by the MAS having not been withdrawn or materially and adversely amended; 

  
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	 	(b)	 Unit Lending Agreement. The Unit Lenders shall have entered into the Unit Lending Agreement with the Stabilising
Manager in agreed form, and the Unit Lending Agreement shall be in full force and effect without any breach by any of the Unit Lenders of their respective representations, warranties or undertakings thereunder; 

 

	 	(c)	 Completion of Relevant Entities’ Subscription Agreement. (i) KCIH shall have completed its subscription
of the KCIH Subscription Units pursuant to the terms of the KCIH Subscription Agreement, and (ii) KBS SOLP shall have completed its subscription of the KBS SOLP Subscription Units pursuant to the terms of the KBS SOLP Subscription Agreement;

  

	 	(d)	 Lock-Up Letters. On or prior to the date of this Agreement, the Joint
Bookrunners and Underwriters having received the Lock-Up Letters from each of KCIH, KC, KBS BVI, KBS SORP, KBS SOLP, KBS SOR and the Manager, each signed by duly authorised signatories and the Lock-Up Letters shall not have been breached subsequent thereto; 

  

	 	(e)	 Listing of Units. All necessary steps have been taken, all necessary approvals and consents have been obtained
(including the in-principle approval for listing of the Units on the SGX-ST), all necessary formalities in Singapore have been completed and all applicable laws,
regulations and directives have been complied with to enable the Units to be issued and allotted and listed and traded on the SGX-ST (including but not limited to compliance with the unitholding and
distribution requirements under the Listing Manual), and there shall not have occurred any withdrawal of such approval or any ruling or any event or condition that would prevent the commencement of trading of the Units; 

 

	 	(f)	 Breach of Obligations. Each Transaction Document is in full force and effect (and not amended or supplemented)
(but not including a termination of any Cornerstone Subscription Agreement which is solely caused by a Cornerstone Investor failing to make payment for the Units to be subscribed under the relevant Cornerstone Subscription Agreement) and each of the
conditions precedent (if any) (but not including any conditions precedent in any Cornerstone Subscription Agreement which a Cornerstone Investor is to make payment for the Units to be subscribed under the Cornerstone Subscription Agreement) in each
of the Transaction Documents shall have been satisfied (except with respect to the unconditionality of this Agreement) or waived (provided that any such waiver shall not have any material adverse effect on the transaction contemplated by such
Transaction Document), there shall not have occurred any breach or non-compliance by any of the parties thereto of their obligations and agreements under such documents which prevents the closing of or which
have any material adverse effect on the transactions contemplated by such Transaction Documents (save for a failure by any Cornerstone Investor to make payment for the Units to be subscribed by it under the relevant Cornerstone Subscription
Agreement). For purposes of this Clause 7.3(f) and without prejudice to any rights of the Joint Bookrunners and Underwriters under this Agreement and the Cornerstone Subscription Agreements, in the event that a Cornerstone Investor makes payment for
the Units to be subscribed under the relevant Cornerstone Subscription Agreement in full before such time when payment under Clause 7.2 is required to be made by the Joint Bookrunners and 

  
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 Underwriters, and the relevant Units subscribed for under such Cornerstone Subscription
Agreement are issued to that Cornerstone Investor, the Joint Bookrunners and Underwriters hereby agree that, in relation to such Cornerstone Subscription Agreement, the conditions in this Clause 7.3(f) shall be satisfied or deemed to be satisfied
and the Joint Bookrunners and Underwriters shall not be entitled to claim that, in relation to such Cornerstone Subscription Agreement, the condition in this Clause 7.3(f) is not satisfied; 

 

	 	(g)	 Specific Obligations. Without prejudice to Clause 7.3(f), the obligations of the Joint Bookrunners and
Underwriters to purchase the Units shall be subject to: 

  

	 	(i)	 the completion of the Portfolio Sale and Purchase Agreement, and the terms thereof not having been breached in any
respect or terminated; 

  

	 	(ii)	 the execution of the escrow letter pursuant to the Portfolio Sale and Purchase Agreement ensuring, among other things,
the commitment of the Title Insurance Company to issue its owner’s policy of title insurance upon satisfaction of the conditions precedent to such escrow letter; and 

 

	 	(iii)	 the Facility Agreement and the terms therein being in full force and effect and not having been waived, breached,
amended, varied, supplemented or terminated in any material respect; 

  

	 	(h)	 Prospectus. The Prospectus having been registered by the MAS in accordance with Section 296 of the SFA and
not being withdrawn; 

  

	 	(i)	 No Change in Law. No stop order or similar order has been issued by the MAS or any court or other judicial,
governmental or regulatory authority in Singapore in relation to the Offering nor is the sale and subscription and/or purchase of the Units in accordance with the provisions of this Agreement or the execution and performance of any of the
Transaction Documents prohibited by any statute, order, rule, regulation or directive issued by, or objected to by any legislative, executive or regulatory body or authority of Singapore (including, without limitation, the MAS and the SGX-ST); 

  

	 	(j)	 No Amendment or Supplement to the Prospectus. No amendment or supplement to the Prospectus shall have been
announced, issued, published or delivered to investors without prior approval by the Joint Bookrunners and Underwriters; 

  

	 	(k)	 No Withdrawal of Consent. None of the Reporting Auditors or the Experts has withdrawn its consent to the issue of
the Prospectus with the inclusion of their respective reports and references to their names included in the form and context in which such reports and names appear in the Prospectus; and 

 

	 	(l)	 No Termination. There shall not have occurred any event or circumstances, which would authorize the Joint
Bookrunners and Underwriters to terminate this Agreement pursuant to Clause 8.1 hereof. 

 provided, however, that the Joint
Bookrunners and Underwriters may, at their discretion, waive satisfaction or modify (with or without condition(s) attached) any of the conditions specified in this Clause 7.3 or extend the time provided for fulfilment of any such conditions in
respect of all or any part of the performance thereof provided always that 

  
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 any such waiver or modification as aforesaid shall be without prejudice to the right of the
Joint Bookrunners and Underwriters to elect to treat any further or other breach, failure or event as releasing and discharging the Joint Bookrunners and Underwriters from their payment or underwriting obligations under Clause 2 and shall be without
prejudice to the right of the Joint Bookrunners and Underwriters to terminate this Agreement by notice pursuant to Clause 8. 
 The
parties acknowledge that the conditions specified above are for the benefit of the Joint Bookrunners and Underwriters only. 
  

	7.4	 Conditions Precedent to Option Closing 

The obligations of the Joint Bookrunners and Underwriters to subscribe or to procure subscribers for the Over-Allotment Units shall be
subject to the accuracy of the representations and warranties on the part of the Manager and the Sponsors (by reference to the facts or circumstances subsisting at that time) contained in this Agreement as of the Execution Time and the time
immediately prior to the payment of the Offering Price for the Over-Allotment Units on the Option Closing Date, to the accuracy of the representations and warranties of the Manager and the Sponsors (by reference to the facts or circumstances
subsisting at that time) made in any certificate delivered pursuant to this Agreement, to the performance by the Manager and the Sponsors of their respective obligations under this Agreement and to the following additional conditions: 

 

	 	(a)	 Closing Documents. The Joint Bookrunners and Underwriters receive on or before payment for the Over-Allotment
Units on the Option Closing Date, as the case may be, the following documents: 

  

	 	(i)	 Opinions of Allen & Gledhill LLP. On the Option Closing Date, a “bring down”
Singapore law enforceability opinion dated as of the Option Closing Date, addressed to the Joint Bookrunners and Underwriters from Allen & Gledhill LLP, in agreed form; 

 

	 	(ii)	 Opinions of Allen & Overy LLP. On the Option Closing Date, a “bring down”
Singapore law enforceability opinion dated as of the Option Closing Date, addressed to the Joint Bookrunners and Underwriters from Allen & Overy LLP, in agreed form; 

 

	 	(iii)	 No-Registration Opinion. On the Option Closing Date, a
“bring-down” no-registration opinion dated as of the Option Closing Date addressed to the Joint Bookrunners and Underwriters from Allen & Overy LLP, in agreed form; 

 

	 	(iv)	 Certificate of the Manager. A signed Officers’ Certificate dated as of the Option Closing Date from the
Manager, substantially in the form set out in Schedule 3; 

  

	 	(v)	 Certificate of the Sponsors. A signed Officers’ Certificates dated as of the Option Closing Date from each
Sponsor, substantially in the form set out in Schedule 4; 

  
 85 

	 	(vi)	 Certificate of the Unit Lenders. A signed Officers’ Certificates dated as of the Option Closing Date from
each Unit Lender, substantially in the form set out in Schedule 5; 

  

	 	(vii)	 Reporting Auditor’s Comfort Letters. On the Option Closing Date, a “bring down” comfort letter
dated as of the Option Closing Date, addressed to the Joint Bookrunners and Underwriters from the Reporting Auditors, in agreed form; and 

  

	 	(viii)	 Tax Comfort Letters. On the Option Closing Date, a “bring-down” comfort letter dated as of the Closing
Date, addressed to the Joint Bookrunners and Underwriters from each of the independent Singapore tax adviser, Allen & Gledhill LLP and the independent U.S. tax adviser, DLA Piper LLP, in agreed form; 

 

	 	(b)	 No changes. There shall not have occurred and be continuing any circumstances contemplated by Clause 8.1;

  

	 	(c)	 Breach of Obligations. Each Transaction Document is in full force and effect (and not amended or supplemented)
(but not including a termination of any Cornerstone Subscription Agreement which is solely caused by a Cornerstone Investor failing to make payment for the Units to be subscribed under the relevant Cornerstone Subscription Agreement) and each of the
conditions precedent (if any) (but not including any conditions precedent in any Cornerstone Subscription Agreement which a Cornerstone Investor is to make payment for the Units to be subscribed under the Cornerstone Subscription Agreement) in each
of the Transaction Documents shall have been satisfied or waived (provided that any such waiver shall not have any material adverse effect on the transaction contemplated by such Transaction Document), there shall not have occurred any breach or non-compliance by any of the parties thereto of their obligations and agreements under such documents which prevents the closing of or which have any material adverse effect on the transactions contemplated by such
Transaction Documents (save for a failure by any Cornerstone Investor to make payment for the Units to be subscribed by it under the relevant Cornerstone Subscription Agreement). For purposes of this Clause 7.4(c) and without prejudice to any rights
of the Joint Bookrunners and Underwriters under this Agreement and the Cornerstone Subscription Agreements, in the event that a Cornerstone Investor makes payment for the Units to be subscribed under the relevant Cornerstone Subscription Agreement
in full before such time when payment under Clause 7.2 is required to be made by the Joint Bookrunners and Underwriters, and the relevant Units subscribed for under such Cornerstone Subscription Agreement are issued to that Cornerstone Investor, the
Joint Bookrunners and Underwriters hereby agree that, in relation to such Cornerstone Subscription Agreement, the conditions in this Clause 7.4(c) shall be satisfied or deemed to be satisfied and the Joint Bookrunners and Underwriters shall not be
entitled to claim that, in relation to such Cornerstone Subscription Agreement, the condition in this Clause 7.4(c) is not satisfied; 

  

	 	(d)	 No Amendment or Supplement to the Prospectus. No amendment or supplement to the Prospectus shall have been
announced, issued, published or 

  
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 delivered to investors without prior approval by the Joint Bookrunners and Underwriters;

  

	 	(e)	 Lock-Up Letters. The Lock-Up
Letters remain in full force and effect and have not been breached. 

  

	 	(f)	 No Withdrawal of Consent. None of the Reporting Auditors or the Experts has withdrawn its consent to the issue of
the Prospectus with the inclusion of their respective reports and references to their names included in the form and context in which such reports and names appear in the Prospectus; 

 

	 	(g)	 No Termination. There shall not have occurred any event or circumstances, which would authorize the Joint
Bookrunners and Underwriters to terminate this Agreement pursuant to Clause 8.1 hereof; and 

  

	 	(h)	 Status of Documents and Approvals, Rulings or Waivers. There shall not have occurred: (i) any event causing
any of the documents delivered pursuant to Clause 7.3(a) and 7.4(a) not to be in full force and effect, and no occurrence of any breach or non-compliance by any of the parties hereto of their obligations and
agreements under such documents; and (ii) any withdrawal, revocation, or material and adverse amendment of any of the approvals, rulings or waivers referred to in Clauses 7.3(a)(xv), 7.3(a)(xvi), 7.3(a)(xvii), 7.3(a)(xviii), 7.3(a)(xix) and
7.3(e), 

 provided, however, that the Joint Bookrunners and Underwriters may, at their discretion, waive
satisfaction of or modify (with or without condition(s) attached) any of the conditions specified in this Clause 7.4 or extend the time provided for fulfilment of any such conditions in respect of all or any part of the performance thereof provided
always that any such waiver or modification as aforesaid shall be without prejudice to the right of the Joint Bookrunners and Underwriters to elect to treat any further or other breach, failure or event as releasing and discharging the Joint
Bookrunners and Underwriters from their payment or underwriting obligations under Clause 2 and shall be without prejudice to the right of the Joint Bookrunners and Underwriters to terminate this Agreement by notice pursuant to Clause 8. 

 

	7.5	 Delivery of documents 

The documents required to be delivered under Clauses 7.3 and 7.4 will be delivered at the offices of Allen & Overy LLP, at 50
Collyer Quay #09-01 OUE Bayfront, Singapore 049321 or such other location as the Joint Bookrunners and Underwriters and the Manager may agree, on the Closing Date and the Option Closing Date, respectively.

  

	7.6	 Effect of non-fulfilment of conditions precedent 

If any of the conditions in this Clause 7 is not satisfied on or before the First Closing Date (in the case of conditions in Clause 7.3)
or on or before the Option Closing Date (in the case of conditions in Clause 7.4), as the case may be, the Joint Bookrunners and Underwriters may terminate this Agreement by notice pursuant to Clause 8 given at, or at any time prior to the relevant
Closing Date. Notice of such termination shall be given to the Manager and the Sponsors in writing or by telephone or facsimile confirmed in writing. Upon such notice being given, this Agreement shall terminate and be of no further effect and no
party shall be under any liability to any other in respect of this 

  
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 Agreement, except (a) for any antecedent breach by the Manager, Keppel-KBS US REIT, the Sponsors, the Unit Lenders, the KPA Guarantor and/or the Joint Bookrunners and Underwriters; (b) for the rights of the Joint Bookrunners and Underwriters pursuant to Clause 8.3 and
Clause 9 which shall survive such termination, (c) that the Manager and the Sponsors (on a joint and several basis) shall be liable for the payment of all costs and expenses referred to in Clause 6 and already incurred or incurred in
consequence of or in connection with such termination and the respective obligations of the parties pursuant to Clause 10.2 which would have continued had the arrangements for the subscription and issue of the Units been completed, shall continue.
Termination pursuant to this Clause 7.6 will not affect the liability of the Manager, the Sponsors (acting jointly and severally), the Unit Lenders (acting jointly and severally) or the KPA Guarantor in relation to any liability arising before or in
relation to such termination. 
  

	8.	 TERMINATION 

  

	8.1	 Termination notice 

Notwithstanding anything contained in this Agreement, the Joint Bookrunners and Underwriters may in their sole discretion, following
consultation with the Manager (to the extent reasonably practicable), by notice to the other parties terminate this Agreement at any time prior to, in respect of the Offering Units, 10.00 a.m. on the First Closing Date and, in respect of the Option
Units, 3.00 p.m. on the Option Closing Date, if in the opinion of the Joint Bookrunners and Underwriters: 
  

	 	(a)	 Inaccuracy of representations and warranties: there occurs any breach of, or any event rendering untrue,
misleading or incorrect in any respect (or in the case of any representation or warranty which is not qualified by materiality, in any material respect) any of the representations and warranties contained in Clause 3 and Clause 14.4 or any failure
to perform in any material respect any of the undertakings or agreements by any party (other than the Joint Bookrunners and Underwriters) in this Agreement; 

  

	 	(b)	 Material adverse change: there occurs (i) any breach of the obligations, warranties or undertakings by any
of the Manager, the Trustee, the Sponsors, the Unit Lenders or the KPA Guarantor under this Agreement and/or the Transaction Documents, or (ii) any change or any development, which individually or in aggregate, have a Material Adverse Effect or
will have a prospective Material Adverse Effect; 

  

	 	(c)	 Suspension of trading: there shall have occurred a suspension, moratorium or restriction of trading in shares or
securities generally on the SGX-ST, The Stock Exchange of Hong Kong Limited, London Stock Exchange plc or the New York Stock Exchange, Inc. or any moratorium on banking activities or foreign exchange rating or
securities settlement or clearing services in or affecting Singapore, Hong Kong, United Kingdom or the U.S. such as would in their view be likely to prejudice materially the success of the Offering and distribution of the Units, the ability of the
Joint Bookrunners and Underwriters to market the Offering and distribute the Offering Units and/or dealings in the Units in the secondary market; 

  

	 	(d)	 Force majeure: there shall have been, since the date of this Agreement, any change in national or international
monetary, financial, political or economic 

  
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 conditions or currency exchange rates or foreign exchange controls or legal or regulatory
environment or such other event or series of events in the nature of force majeure (including, without limitation, acts of government, strikes, lock-outs, fire, explosion, flooding, civil commotion, acts of war, acts of God, epidemic, accident or
interruption or delay in transportation) in or affecting any of Singapore, Hong Kong, the United Kingdom or the U.S. such as would in their view be likely to prejudice materially the success of the Offering and distribution of the Units, the ability
of the Joint Bookrunners and Underwriters to market the Offering and distribute the Offering Units and/or dealings in the Units in the secondary market; 
  

	 	(e)	 Hostilities: without limiting the foregoing, there shall have occurred any local, national, regional or
international outbreak or escalation of epidemics, hostilities (whether or not war is or has been declared), act of terrorism, or any other state of emergency or calamity or crisis, which would in their view be likely to prejudice materially the
success of the Offering and distribution of the Units, the ability of the Joint Bookrunners and Underwriters to market the Offering and distribute the Offering Units and/or dealings in the Units in the secondary market; 

 

	 	(f)	 Taxation: there shall have occurred a material adverse change or development involving a prospective material
adverse change, in taxation in Singapore or in the U.S. such as would in their view be likely to prejudice materially the success of the Offering and distribution of the Units, the ability of the Joint Bookrunners and Underwriters to market the
Offering and distribute the Offering Units and/or dealings in the Units in the secondary market; 

  

	 	(g)	 Change: if there shall have been, since the date of this Agreement, any introduction or prospective introduction
of or any change or any prospective change in any legislation, regulation, order, policy, rule, guideline or directive in Singapore, Hong Kong, the United Kingdom or the U.S. (whether or not having the force of law and including, without limitation,
any directive or request issued by the Securities industry Council of Singapore, the SGX-ST, the MAS, the IRAS or the IRS) or in the interpretation or application thereof by any court, government body,
regulatory authority or other competent authority in Singapore, Hong Kong, the United Kingdom or the U.S. which would in their view be likely to prejudice materially the success of the Offering and distribution of the Units, the ability of the Joint
Bookrunners and Underwriters to market the Offering and distribute the Offering Units and/ or dealings in the Units in the secondary market; 

  

	 	(h)	 Winding up: there is an order or petition for the winding up of the KPA Guarantor, or any composition or
arrangement made by the KPA Guarantor, with any of their respective creditors or a scheme of arrangement entered into by the KPA Guarantor, or any resolution for the winding-up of any of the KPA Guarantor, or
a provisional liquidator, receiver or manager over all or part of the material assets or undertaking of the KPA Guarantor, is appointed or anything analogous thereto occurs in respect of it; or 

 

	 	(i)	 Closing Date: if the First Closing Date falls on a date later than 10 November 2017 (or such other date as
the Manager and the Joint Bookrunners and Underwriters may agree). 

  
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	8.2	 Effects of termination 

Upon such notice being given pursuant to this Clause 8, this Agreement shall terminate and be of no further effect and no party shall be
under any liability to any other in respect of this Agreement, except that (i) in the event such termination occurs on or prior to the First Closing Date, the Manager, the Sponsors (on a joint and several basis) and the KPA Guarantor shall
continue to be bound, by their respective obligations under Clause 6 (other than Clause 6.1), this Clause 8.2, Clause 8.3, Clause 9 and Clauses 10.2 to Clause 14, (ii) in the event any such termination occurs after the First Closing Date but prior
to the Option Closing Date, the Manager, the Sponsors (on a joint and several basis), the KPA Guarantor and the Joint Bookrunners and Underwriters shall continue to be bound by all of their respective obligations (other than Clause 2.1, Clauses
6.1(c) and Clause 6.1(e)), and (iii) Clause 9 and Clause 14 shall survive any termination and shall remain in full force and effect. 
  

	8.3	 Saving 

Termination pursuant to this Clause 8 will not affect the liability of the Manager, the Sponsors, the Unit Lenders of the KPA Guarantor
in relation to any liability arising before or in relation to such termination. 
  

	9.	 INDEMNIFICATION AND CONTRIBUTION 

 

	9.1	 Indemnity by the Manager 

The Manager on behalf of itself and Keppel-KBS US REIT agrees with each Joint Bookrunner and
Underwriter to fully indemnify, defend and hold harmless on a continuing and after tax basis, each Joint Bookrunner and Underwriter and each of its Affiliates and each officer, director, employee and agent of such Joint Bookrunner and Underwriter
and each such Affiliate and each person who controls such Joint Bookrunner and Underwriter within the meaning of section 15 of the Securities Act or section 20 of the Exchange Act (each an Indemnified Person) on demand from and against any
and all claims, demands, actions, liabilities, damages, losses, costs or expenses, investigations, awards, proceedings or judgments, each of which an Indemnified Person may become subject to (collectively, Claims) (whether or not such Claim
is successful, compromised or settled, joint or several, threatened, pending or actual) (including, without limitation, legal fees, all payments, costs, expenses and charges arising out of, in relation to or in connection with the investigation,
dispute, defence or settlement of or response to any Claims or the enforcement of any such settlement or any judgment obtained in respect of any Claims) and taxes, each of which an Indemnified Person may become subject to (collectively,
Losses), arising out of or in connection with: 
  

	 	(a)	 Performance of the Agreement: the performance of the Joint Bookrunners and Underwriters’ obligations under
this Agreement or any Claims which may be brought against any of them in relation to the Offering, the Listing or the offer and sale of the Units; 

  

	 	(b)	 Misstatements or Omissions. any statement of a material fact contained in the Preliminary Prospectus or the
Prospectus (or any amendment or supplement thereto) not being, or being alleged not to be, true and accurate and not misleading, any information being or being alleged to be omitted from the 

  
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 Preliminary Prospectus or the Prospectus (or any amendment or supplement thereto) which
might make a material statement of fact, forecast, estimate or expression of opinion, intention or expectation in the Preliminary Prospectus or the Prospectus (as the case may be) untrue, inaccurate or misleading or which, in the context of the
offering and sale of Units pursuant to the Public Offer and Placement Tranche, is or is alleged to be material for disclosure in the Preliminary Prospectus or the Prospectus (as the case may be); 

 

	 	(c)	 General Duty of Disclosure. the Preliminary Prospectus or the Prospectus (or any amendment or supplement thereto)
not containing, or being alleged not to contain, all information about Keppel-KBS US REIT which is or might be material for disclosure to a potential investor and its professional advisers or which they would
reasonably require and reasonably expect to find there for the purpose of making an informed assessment of the merits and risk of an investment in Keppel-KBS US REIT, including without limitation the assets
and liabilities, financial position, profits and losses and prospects of Keppel-KBS US REIT and of the rights attached to Keppel-KBS US REIT’s unit capital, issued
and to be issued; 

  

	 	(d)	 Breach of Agreement. Any breach or alleged breach by the Manager, any of the Sponsors or the Unit Lenders of the
respective representations, warranties, undertakings, covenants or obligations made by, or relating to, it under this Agreement; or 

  

	 	(e)	 Failure to comply with law. any failure or alleged failure by the Manager, any of the Sponsors or the Unit
Lenders or any of their respective directors, agents or employees to comply with any law, regulation, order, judgment, in any jurisdiction in relation to the Offering, 

and agrees to reimburse each such Indemnified Person on a full indemnity basis for all costs, charges and expenses, (including legal
fees and any applicable GST or value added tax) as incurred by such Indemnified Person in connection with investigating, disputing or defending any such Claims or Losses (whether actual, pending or threatened and whether or not any Indemnified
Person is or may be a party to any such Claims) or exercise of any right of action, provided that the indemnity provided in Clause 9.1(a) (to the extent it relates to the performance of Joint Bookrunners and Underwriters’ obligations under this
Agreement) shall not apply to the extent that such Claims or Losses have been determined by a final judgment of a court of competent jurisdiction to have resulted from the fraud, wilful default or gross negligence of such Indemnified Person. This
indemnity will be additional to any liability which the Manager may otherwise have, and will be additional and without prejudice to any rights which such Indemnified Person may have at common law or otherwise. The non-application of the indemnity to
an Indemnified Person shall not affect the application of such indemnity in respect of any other Indemnified Persons. 
  

	9.2	 Indemnity by the Sponsors 

Each Sponsor hereby severally undertake to each Joint Bookrunner and Underwriter (on behalf of itself and its relevant Indemnified
Person): 
  

	 	(a)	 to fully indemnify, defend and hold harmless on a continuing and after tax basis each Indemnified Person against any and
all Losses or Claims (joint or several 

  
 91 

 (including legal fees and any applicable GST, value added tax or other similar taxes))
which it may become subject to (whether or not such Claim is successful, compromised or settled, and whether actual, pending or threatened), insofar as such Losses or Claims are based on or arising, or indirectly, out of any breach or alleged breach
by any of the representations, warranties, undertakings or obligations made by, or relating to, it under this Agreement; and 
  

	 	(b)	 to reimburse each Indemnified Person on a full indemnity basis for all costs, charges and expenses, (including legal
fees and any applicable GST or value added tax) incurred by such Indemnified Person in connection with investigating, disputing, defending, settling or responding any such Claims or Losses (whether actual, pending or threatened and whether or not
any Indemnified Person is or may be a party to any such Claims) or exercise of any right of action or the enforcement of any such settlement or any judgment obtained in respect of any Claims and Losses. 

This indemnity will be additional to any liability which each Sponsor may otherwise have (whether severally or joint and severally), and
will be additional and without prejudice to any rights which such Indemnified Person may have at common law or otherwise. The non-application of the indemnity to an Indemnified Person shall not affect the
application of such indemnity in respect of any other Indemnified Persons. 
  

	9.3	 Back-up indemnity by the Sponsors 

As a separate, additional and continuing obligation, each of the Sponsors severally undertakes, unconditionally and irrevocably, by way
of a full indemnity (by way of a back-up indemnity) to the Joint Bookrunner and Underwriters (on behalf of itself and its Indemnified Persons) that: 

 

	 	(a)	 if the Manager fails to pay any or all amounts owed by it under Clause 9.1 or Clause 9.5 following (i) the date on
which such amounts have been declared by a court of competent jurisdiction (without being subject to further appeal) to be due and payable, or (ii) the date on which the Manager has admitted liability in writing to make such payments; or

  

	 	(b)	 if the Manager shall have been adjudged by a court of competent jurisdiction to have acted with fraud, gross negligence,
wilful default and/or breach of the Trust Deed while acting as manager of Keppel-KBS US REIT and/or to have failed to have shown the degree of diligence and care required of it having regard to the provisions
of the Trust Deed, and thereby having no right to be indemnified out of and to have recourse to the assets of Keppel-KBS US REIT under the Trust Deed or at law, for the amounts owed by such Manager under
Clause 9.1 or Clause 9.5, 

 the Joint Bookrunners and Underwriters (on behalf of themselves and each relevant
Indemnified Person) shall be entitled upon written demand to each of the Sponsors to recover from each Sponsor (on a several basis), and each of the Sponsors shall thereupon (on a several basis) pay to the Joint Bookrunners and Underwriters an
amount equal to half of the Manager’s unpaid liability under Clause 9.1 and/or Clause 9.5 plus accrued interest from the date of original demand on the Manager pursuant to Clause 9.1 and/or Clause 9.5 at any applicable judgment rate, including
any costs and legal fees incurred by the Joint Bookrunners and Underwriters to collect such amounts. 

  
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 For the avoidance of doubt, in the event that a Sponsor fails to pay such amount equal to
half of the Manager’s unpaid liability under the aforementioned clauses, the other Sponsor shall not be obligated to pay for such shortfall. 

This indemnity will be additional to any liability which the Sponsors may otherwise have (whether severally or joint and severally), and
will be additional and without prejudice to any rights which such Indemnified Person may have at common law or otherwise. 
  

	9.4	 Indemnity by the Unit Lenders 

The Unit Lenders jointly and severally undertake to and agree with each Joint Bookrunner and Underwriter: 

 

	 	(a)	 to fully indemnify, defend and hold harmless on a continuing and after tax basis each Indemnified Person against any and
all Losses or Claims (joint or several (including legal fees and any applicable GST, value added tax or other similar taxes)) which it may become subject to (whether or not such Claim is successful, compromised or settled, and whether actual,
pending or threatened), insofar as such Losses or Claims are based on or arising, or indirectly, out of any breach or alleged breach by any of the Unit Lenders of the representations, warranties, undertakings or obligations made by, or relating to,
it under this Agreement; and 

  

	 	(b)	 to reimburse each Indemnified Person on a full indemnity basis for all costs, charges and expenses, (including legal
fees and any applicable GST or value added tax) incurred by such Indemnified Person in connection with investigating, disputing, defending, settling or responding any such Claims or Losses (whether actual, pending or threatened and whether or not
any Indemnified Person is or may be a party to any such Claims) or exercise of any right of action or the enforcement of any such settlement or any judgment obtained in respect of any Claims and Losses. 

This indemnity will be additional to any liability which the Unit Lenders may otherwise have (whether severally or joint and severally),
and will be additional and without prejudice to any rights which such Indemnified Person may have at common law or otherwise. The non-application of the indemnity to an Indemnified Person shall not affect the
application of such indemnity in respect of any other Indemnified Persons. 
  

	9.5	 Contribution 

If the indemnification provided for in Clause 9.1 (both separately and after taking into account the Sponsors’ obligations in
Clause 9.3), Clause 9.2 and/or Clause 9.4 is unavailable to or insufficient to hold harmless an Indemnified Person in respect of any Losses or Claims (or actions in respect thereof) referred to therein, then each indemnifying party shall contribute
to the amount paid or payable by such Indemnified Person as a result of such Losses or Claims in such proportion as is appropriate to reflect the relative benefits received by the Manager, the Sponsors or the Unit Lenders on the one hand and the
Joint Bookrunners and Underwriters on the other from the offering of the Units. 
 If, however, the allocation provided by the
immediately preceding sentence is not permitted by applicable law, then each indemnifying party shall contribute to such amount paid or payable by such Indemnified Person in such proportion as is appropriate 

  
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 to reflect not only such relative benefits but also the relative fault of the Manager, the
Sponsors and/or the Unit Lenders on the one hand and the Joint Bookrunners and Underwriters on the other in connection with the statements or omissions which resulted in such Losses or Claims (or actions in respect thereof), as well as any other
relevant equitable considerations. 
 The relative benefits received by the Manager, the Sponsors and/or the Unit Lenders on the one
hand and the Joint Bookrunners and Underwriters on the other shall be deemed to be in the same proportion as the total net proceeds from the Offering Units and Cornerstone Units subscribed for or purchased under this Agreement (before deducting
expenses), bear to the total underwriting discounts and commissions received by the Joint Bookrunners and Underwriters with respect to the Offering Units and Cornerstone Units subscribed for or purchased under this Agreement. The relative fault
shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Manager, the Sponsors and
the Unit Lenders on the one hand or the Joint Bookrunners and Underwriters on the other and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. 

The Manager, the Sponsors, the Unit Lenders and the Joint Bookrunners and Underwriters agree that it would not be just and equitable if
contributions pursuant to this Clause 9.5 were determined by pro rata allocation (even if the Joint Bookrunners and Underwriters were treated as one entity for such purpose) or by any other method of allocation which does not take account of the
equitable considerations referred to above in this Clause 9.5. The amount paid or payable by an Indemnified Person as a result of the Losses or Claims (or actions in respect thereof) referred to above in this Clause 9.5 shall be deemed to include
any legal or other expenses incurred by such Indemnified Person in connection with investigating, disputing or defending any such Claims or Losses (whether actual, pending or threatened and whether or not any Indemnified Person is or may be a party
to any such Claims). 
 Notwithstanding the provisions of this Clause 9.5, no Joint Bookrunner and Underwriter shall be required to
contribute any amount in excess of the amount by which the total price at which the Units underwritten by it and distributed to the public were offered to investors by such Joint Bookrunner and Underwriter with respect to the Offering exceeds the
amount of any damages which such Joint Bookrunner and Underwriter has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Joint Bookrunner and Underwriters’ obligations in this Clause 9.5 to contribute
are several in proportion to their respective underwriting obligations and not joint. 
  

	9.6	 Conduct of Claims 

If any Claim or action shall be brought or asserted against an Indemnified Person hereunder, and with respect to which an indemnity may
be sought hereunder against any of the Manager, the Sponsors or the Unit Lenders (as the case may be), the relevant Indemnified Person shall notify the indemnifying party in writing as soon as practicable (but the failure or delay so to notify any
indemnifying party will not relieve it from liability under this Clause 9). An indemnifying party may participate at its own 

  
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 expense in the defence of any such action, provided however, that legal advisers to the
indemnifying party shall not (except with the consent of the Indemnified Person) also be legal advisers to the Indemnified Person. 

No indemnifying party shall, without the prior written consent of the Indemnified Persons, settle or compromise or consent to the entry
of any judgment with respect to any proceeding, commenced or threatened, or any Claim whatsoever in respect of which indemnification may be sought under this Clause 9 (whether or not the Indemnified Persons are actual or potential parties thereto),
unless such settlement, compromise or consent (i) includes an unconditional release of each Indemnified Person in form and substance reasonably satisfactory to such Indemnified Party from all liability arising out of such proceeding and
(ii) does not include a statement as to or an admission of fault, culpability or a failure to act by or on behalf of any Indemnified Person. The rights of the Indemnified Persons herein are in addition to any rights that each Indemnified Person
may have at law or otherwise and the obligations of the indemnifying party herein shall be in addition to any liability which the indemnifying parties may otherwise have. The indemnifying party shall be liable for the fees and expenses of any legal
advisers (in addition to any local legal advisers) separate from its own legal adviser for any Indemnified Person. 
  

	9.7	 Arrangement with advisers 

If an indemnifying party enters into any agreement or arrangement with any Adviser for the purpose of or in connection with the
Offering, the terms of which provide that the liability of the Adviser to the indemnifying party or any other person is excluded or limited in any manner, and any of the Indemnified Persons may have joint and/or several liability with such Adviser
to the indemnifying party or to any other person arising out of the performance of its duties under this Agreement, the indemnifying party shall: 
  

	 	(a)	 not be entitled to recover any amount from any Indemnified Person which, in the absence of such exclusion or limitation,
the indemnifying party or the Indemnified Person would not have been entitled to recover; and 

  

	 	(b)	 indemnify the Indemnified Persons in respect of any increased liability to any third party which would not have arisen
in the absence of such exclusion or limitation. 

  

	9.8	 Payments 

All payments by the Manager, the Sponsor and/or the Unit Lender under this Agreement shall be paid without deductions, set-off, withholdings or counterclaim. 
  

	10.	 GENERAL 

  

	10.1	 Time of the essence 

Any date or period specified herein may be postponed or extended by mutual agreement among the parties but, as regards any date or
period originally fixed or so postponed or extended, time shall be of the essence. 

  
 95 

	10.2	 Survival 

The representations and warranties, undertakings, and other obligations made by the parties under this Agreement, the indemnities given
by the Manager, the Sponsors and the Unit Lenders under this Agreement, and the guarantee by the KPA Guarantor under Clause 14, will continue in full force and effect notwithstanding a Joint Bookrunner and Underwriter’s actual or constructive
knowledge with respect to any of the matters referred to in the representations and warranties given by the Manager, the Sponsors or the Unit Lenders, the completion of the arrangements set out in this Agreement for the subscription, transfer and
payment for the Units, any investigation by the Joint Bookrunners and Underwriters or the termination of this Agreement pursuant to Clause 2.1, Clause 7.6 and Clause 8. 
  

	10.3	 Rights and remedies 

The rights and remedies of the Joint Bookrunners and Underwriters provided for herein are cumulative and not exclusive of those provided
by law. The failure to exercise or any delay in exercising a right or remedy under this Agreement shall not constitute a waiver thereof or a waiver of any other right or remedy. 

 

	10.4	 Currency indemnity 

If a judgment or order is rendered by a court of any particular jurisdiction for the payment of any amounts owing to any of the parties
to this Agreement or under a judgment or order of a court of any other jurisdiction in respect thereof, or for the payment of damages in respect thereof, in each case by any other party to this Agreement, and any such judgment or order is expressed
in a currency (the Judgment Currency) other than the currency of the relevant obligation (the Contractual Currency), the relevant payor shall indemnify the relevant payee against any deficiency arising or resulting from any variation
in rates of exchange between the Judgment Currency and the Contractual Currency occurring between (a) the date as at which any amount expressed in the Contractual Currency is converted, for the purposes of making or filing any claim resulting
in any such judgment or order into an equivalent amount in the Judgment Currency or, if such conversion is made by the court for the purpose of making such judgment or order, the date as at which such conversion was made and (b) the date or
dates of payment of such amount or of discharge of such first-mentioned judgment or order as appropriate. 
  

	10.5	 Successors and assigns 

This Agreement shall be binding on and enure to the benefit of the parties hereto and their respective successors and assigns except
that none of the parties may assign any of their rights or obligations hereunder (except that any Joint Bookrunner and Underwriter may assign any of its rights hereunder to any of its Affiliates but a subscriber or purchaser of any Units through or
from a Joint Bookrunner and Underwriter shall not be deemed such a successor or assign by virtue only of that fact). 
  

	10.6	 Rights of third parties 

A person who is not a party to this Agreement, may not enforce its terms under the Contracts (Rights of Third Parties) Act (Chapter 53B)
of Singapore, except that each non-contracting Indemnified Person referred to in Clause 9 shall have the right under the 

  
 96 

 Contracts (Rights of Third Parties) Act (Chapter 53B) of Singapore, to enforce their
respective rights under this Agreement as amended from time to time. 
  

	10.7	 Entire agreement 

Without prejudice to: 
  

	 	(a)	 the Lock-Up Letters; 

 

	 	(b)	 the Repayment Side Letter; 

  

	 	(c)	 the Unit Lending Agreement; and 

 

	 	(d)	 the notices delivered pursuant to this Agreement, 

this Agreement supersedes any prior agreement, understanding or arrangement between the parties to this Agreement (or any of them) in
connection with the issuance, subscription and sale of the Units in connection with the Offering and constitutes the sole and entire Agreement between the parties in connection therewith. 

 

	10.8	 No fiduciary relationship 

Each of the Manager, the Sponsors and the Unit Lenders acknowledges that: 

 

	 	(a)	 each of the Joint Bookrunners and Underwriters is acting on an arm’s length basis as principal, and not as its
agent or adviser, to provide the services described herein and owes no fiduciary duties to it or any of its directors or management, employees, shareholders, Affiliates or creditors; 

 

	 	(b)	 the Joint Bookrunners and Underwriters are not acting in a fiduciary or advisory capacity with respect to it;

  

	 	(c)	 the Joint Bookrunners and Underwriters are not assuming any duties or obligations other than those expressly set forth
in this Agreement and may have interests that differ from its interests; and 

  

	 	(d)	 it has consulted its own professional advisers to the extent it deems appropriate. 

Further, each of the Manager, the Sponsors and the Unit Lenders agrees and acknowledges that it is not the intention of the parties to
create a fiduciary relationship between them and that it will not claim that the Joint Bookrunners and Underwriters, or any of them, has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to any of the Manager,
the Sponsors or the Unit Lenders in connection with the purchase and sale of the securities under this Agreement or the process leading thereto. 
  

	10.9	 Severability 

If any provision of this Agreement is held to be invalid or unenforceable, then such provision shall (so far as invalid or
unenforceable) be given no effect and shall be deemed to be included in this Agreement but without invalidating any of the remaining provisions of this Agreement. 

  
 97 

	11.	 NOTICES 

  

	11.1	 Form 

Unless expressly stated otherwise in this Agreement, all notices, certificates, consents, approvals, waivers and other communications in
connection with this Agreement must be in writing, signed by an authorised officer of the sender and marked for attention as set out below in Clause 11.2 or, if the recipient has notified otherwise, then marked for attention in the way last
notified. 
  

	11.2	 Delivery 

They must be: 
  

	 	(a)	 left at the address set out below; or 

 

	 	(b)	 sent by prepaid post (airmail if appropriate) to the address set out below; or 

 

	 	(c)	 sent by fax to the fax number set out below, 

if to the Manager, to it at: 
 Keppel-KBS US REIT Management Pte. Ltd. 
 230 Victoria Street 

#05-08 Bugis Junction Towers 

Singapore 188024 

Fax:                     +65 6803
1717 
 Attention:            Chief Executive Officer / Chief Financial Officer

 if to KPA, to it at: 
 KBS
Pacific Advisors Pte. Ltd. 
 60 Paya Lebar Road 

#11-06, Paya Lebar Square 

Singapore 409051 

Fax:                     +65 6702
1284 
 Attention:            Director 

if to KC, to it at: 
 Keppel
Capital Holdings Pte. Ltd. 
 230 Victoria Street 

#05-08 Bugis Junction Towers 

Singapore 188024 

Fax:                     6803 1717

 Attention:            Paul Tham / Kang Leng Hui 

  
 98 

 if to the KPA Guarantor, to it at: 

GKP Holding LLC 
 Willowbrook
Capital 
 11150 Santa Monica Blvd Ste 400 

Los Angeles, CA 90025 

Fax:                      
  +1 (310) 432-2119 
 Attention:
              Keith Hall & Peter McMillan 

                  With a copy to: 

                  Address: 230 Victoria Street

                   Bugis Junction Tower #05-08 

                  Singapore 188024 

                  Attention: David Snyder 

if to KBS SORP, to it at: 
 KBS
SOR Properties, LLC 
 800 Newport Center drive, suite 700 

Newport Beach, CA 92660 

Fax:                      
  +1 949-417-6501 

Attention:              Jeff Waldvogel 

if to KCIH, to it at: 
 Keppel
Capital Investment Holdings Pte. Ltd. 
 230 Victoria Street 

#05-08 Bugis Junction Towers 

Singapore 188024 

Fax:                      
  +65 6803 1717 
 Attention:              Paul Tham /
Kang Leng Hui 
 if to DBS, to them at: 

DBS Bank Ltd. 
 12 Marina
Boulevard, Level 46 
 DBS Asia Central @ MBFC Tower 3 

Singapore 018982 

Fax:                      
  +65 6227 9162 
 Attention:              Tan Jeh Wuan
/ Sanjog Kusumwal 

  
 99 

 if to BAML, to them at: 

Merrill Lynch (Singapore) Pte. Ltd. 

50 Collyer Quay 
 #14-01, OUE Bayfront 
 Singapore 049321 

Fax:                      
  +65 6678 0130 
 Attention:              Martin Siah /
Antonio Puno 
 if to Citi, to them at: 

Citigroup Global Markets Singapore Pte. Ltd. 

8 Marina View 
 #21-00 Asia Square Tower 1 
 Singapore 018960 

Fax:                      
  +65 6722 4321 / +65 6722 5895 

Attention:              Mr. Jonathan Quek / Mr. Jonathan
Siow 
 if to CS, to them at: 

Credit Suisse (Singapore) Limited 

One Raffles Link 
 #03/#04-01 South Lobby 
 Singapore 039393 

Fax:                      
  +852 2284 7184 
 Attention:              Investment
Banking & Capital Markets – Legal 
 However, if the intended recipient has notified a changed postal address or changed
fax number, then the communication must be to that address or number. 
  

	11.3	 Effectiveness 

Every notice or communication sent in accordance with Clause 11.2 shall be effective upon receipt by the addressee, except in the case
of any notice or communication sent by fax, which shall be effective upon despatch by the sender. 
  

	12.	 LAW AND JURISDICTION 

  

	12.1	 Governing law 

This Agreement and all matters arising from or connected with it are governed by, and shall be construed in accordance with, Singapore
law. 
  

	12.2	 Jurisdiction of Singapore courts 

All the parties agree that the courts of Singapore are to have non-exclusive jurisdiction to
settle any dispute (including claims for set-off and counter claims) which may arise in connection with the creation, validity, effect, interpretation, or performance of, or of legal relationships established
by, this Agreement or otherwise arising in connection with this 

  
 100 

 Agreement and for such purposes irrevocably submit to the jurisdiction of the Singapore
courts. 
  

	12.3	 Serving documents 

Without preventing any other method of service, any document in a court action may be served on a party by being delivered to or left at
that party’s address for service of notices under Clause 11. 
  

	12.4	 Appointment of Process Agents 

 

	 	(a)	 The KPA Guarantor hereby irrevocably appoints KPA of 60 Paya Lebar Road, #11-06,
Paya Lebar Square, Singapore 409051 as agent to accept service of process in Singapore in any legal action or proceedings arising out of this Agreement, service upon whom will be deemed completed whether or not forwarded to or received by the KPA
Guarantor. The KPA Guarantor will inform the Joint Bookrunners and Underwriters, in writing, of any change in the address of the process agent of the KPA Guarantor and such change in address will not be effective until such notice is received by the
Joint Bookrunners and Underwriters. Such service will be deemed to be completed on delivery to the process agent (whether or not it is forwarded to and received by the KPA Guarantor). If such process agent ceases to be able to act as such or to have
an address in Singapore, the KPA Guarantor irrevocably agrees to immediately appoint a new process agent in Singapore acceptable to the Joint Bookrunners and Underwriters and to deliver to the Joint Bookrunners and Underwriters within 14 days a copy
of a written acceptance of appointment by the process agent. 

  

	 	(b)	 KBS SORP hereby irrevocably appoints KPA of 60 Paya Lebar Road, #11-06, Paya
Lebar Square, Singapore 409051 as agent to accept service of process in Singapore in any legal action or proceedings arising out of this Agreement, service upon whom will be deemed completed whether or not forwarded to or received by KBS SORP. KBS
SORP will inform the Joint Bookrunners and Underwriters, in writing, of any change in the address of the process agent of KBS SORP and such change in address will not be effective until such notice is received by the Joint Bookrunners and
Underwriters. Such service will be deemed to be completed on delivery to the process agent (whether or not it is forwarded to and received by KBS SORP). If such process agent ceases to be able to act as such or to have an address in Singapore, KBS
SORP irrevocably agrees to immediately appoint a new process agent in Singapore acceptable to the Joint Bookrunners and Underwriters and to deliver to the Joint Bookrunners and Underwriters within 14 days a copy of a written acceptance of
appointment by the process agent. 

  

	 	(c)	 Nothing in this Clause 12.4 will affect the right of the parties hereto to serve process in any other manner permitted
by law. 

  

	12.5	 Waiver of immunity 

To the extent that any of the Manager, the Sponsors or the Unit Lenders has or hereafter may acquire any immunity (sovereign or
otherwise) from any legal action, suit or proceeding, from jurisdiction of any court or from set-off or any legal process (whether service or notice, attachment in aid or otherwise) with respect to itself or
any of its 

  
 101 

 property, each of the Manager and the respective Sponsor and the Unit Lender hereby
irrevocably waives and agrees not to plead or claim such immunity in respect of its obligations under this Agreement. 
  

	13.	 COUNTERPARTS 

This Agreement may be executed in any number of counterparts each of which when executed and delivered (whether in original, facsimile
or electronic mail) shall be an original, but all the counterparts together shall constitute one and the same instrument. 
  

	14.	 KPA GUARANTEE 

  

	14.1	 The Guarantee 

  

	 	(a)	 In consideration of the entry by the Joint Bookrunners and Underwriters into this Agreement, the sufficiency of which is
acknowledged, the KPA Guarantor irrevocably and unconditionally: 

  

	 	(i)	 guarantees to each Joint Bookrunner and Underwriter as principal obligor, the due and punctual performance and
observance by KPA of all of its representations, warranties, obligations and undertakings under this Agreement; and 

  

	 	(ii)	 indemnifies each Joint Bookrunner and Underwriter against all losses, damages, costs and expenses incurred by each Joint
Bookrunner and Underwriter arising from the failure by KPA to perform and/or observe any of its representations, warranties, obligations and undertakings under this Agreement. 

 

	 	(b)	 If KPA fails for any reason whatsoever punctually to pay any amount to any of the Joint Bookrunners and Underwriters
under this Agreement, the KPA Guarantor shall cause each and every such payment to be made as if the KPA Guarantor instead of KPA were expressed to be the primary obligor under this Agreement and not merely as surety (but without affect the nature
of KPA’s obligations) such that the respective Joint Bookrunner and Underwriter shall receive the same amounts as would have been receiveable had such payments been made by KPA. 

 

	 	(c)	 If any payment received by KPA under the provisions of this Agreement shall (whether on the subsequent bankruptcy,
insolvency or corporate reorganisation of KPA or, without limitation, on any other event) be avoided or set aside for any reason, such payment shall not be considered as discharging or diminishing the liability of the KPA Guarantor and this
guarantee shall continue to apply as if such payment had at all times remained owing by KPA, provided that the obligations of KPA and/or the KPA Guarantor under this Clause 14 shall, as regards any payments made to KPA which is avoided or set aside,
be contingent upon such payment being reimbursed to KPA or other persons entitled through KPA. 

  

	 	(d)	 The KPA Guarantor hereby agrees that its obligations under this Clause 14 shall be unconditional and that the KPA
Guarantor shall be fully liable irrespective of the validity, regularity, legality or enforceability against KPA of, or of any defence or counter-claim whatsoever available to KPA in relation to, its

  
 102 

	 	 obligations under this Agreement, whether or not any action has been taken to enforce the same or any judgment obtained
against KPA, whether or not any of the other provisions of this Agreement have been modified, whether or not any time, indulgence, waiver, authorisation or consent has been granted to KPA by any of the Joint Bookrunners and Underwriters, whether or
not there have been any dealings or transactions between KPA and any or all of the Joint Bookrunners or Underwriters, whether or not KPA has been dissolved, liquidated, merged, consolidated, bankrupted or has changed its status, functions, control
or ownership, whether or not KPA has been prevented from making payment by foreign exchange provisions applicable at its place of registration or incorporation and whether or not any other circumstances have occurred which might otherwise constitute
a legal or equitable discharge of or defence to a guarantor. Accordingly the validity of this guarantee shall not be affected by reason of any invalidity, irregularity, illegality or unenforceability of all or any of the obligations of KPA under
this Agreement and this guarantee shall not be discharged nor shall the liability of the KPA Guarantor under this Agreement be affected by any act, thing or omission or means whatever whereby its liability would not have been discharged if it had
been the principal debtor. 

  

	14.2	 Waiver 

The KPA Guarantor waives diligence, presentment, demand of payment, filing of claims with a court in the event of dissolution,
liquidation, merger or bankruptcy of KPA, any right to require a proceeding first against KPA, protest or notice with respect to this Agreement or the indebtedness evidenced thereby and all demands whatsoever and covenants that this guarantee shall
be a continuing guarantee, shall extend to the ultimate balance of all sums payable and obligations owed by KPA under this Agreement, shall not be discharged except by complete performance of the obligations in this Agreement and is additional to,
and not instead of, any security or other guarantee or indemnity at any time existing in favour of any person, whether from the KPA Guarantor or otherwise. 
  

	14.3	 Payment 

If any moneys shall be payable by the KPA Guarantor to a Joint Bookrunner and Underwriter under this guarantee, the KPA Guarantor shall
not, so long as the same remain unpaid, without prior written consent of the relevant Joint Bookrunner and Underwriter: 
  

	 	(a)	 in respect of any amounts paid by it under this guarantee, exercise any rights of subrogation or contribution or,
without limitation, any other right or remedy which may accrue to it in respect of or as a result of any such payment; or 

  

	 	(b)	 in respect of any other moneys for the time being due to the KPA Guarantor by KPA, claim payment thereof or exercise any
other right or remedy, 

 (including in either case claiming the benefit of any security or right of set-off or, on the liquidation of KPA, proving in competition with any of the Joint Bookrunners and Underwriters). If, notwithstanding the foregoing, upon the bankruptcy, insolvency or liquidation of KPA, any
payment or distribution of assets of KPA of any kind or character, whether in cash, property or securities, shall be received by the KPA Guarantor before 

  
 103 

 payment in full of all amounts payable under this Agreement shall have been made to the
relevant Joint Bookrunner and Underwriter, such payment or distribution shall be received by the KPA Guarantor on trust to pay the same over immediately to the relevant Joint Bookrunner and Underwriter for application in or towards the payment of
all sums due and unpaid under this Agreement. 
  

	14.4	 Representations and Warranties of the KPA Guarantor 

The KPA Guarantor represents and warrants to and agrees with each Joint Bookrunner and Underwriter as set forth below: 

 

	 	(a)	 none of the KPA Guarantor, KBS Holdings, LLC and KBS Capital Advisors LLC is in liquidation in any jurisdiction, nor has
any step or action been taken or threatened, nor any resolution passed, nor legal proceedings started or threatened, nor orders made in any jurisdiction, nor any petitions presented, for the winding up or dissolution of any of the KPA Guarantor, KBS
Holdings, LLC and KBS Capital Advisors LLC, or for any of them to enter into any compromise, arrangement, scheme of arrangement or composition for the benefit of creditors, or for the appointment of a receiver, administrator, receiver and manager,
judicial manager, trustee, provisional supervisor, provisional liquidator, liquidator or similar or analogous officer or equivalent person of any of them or their respective interests, properties, revenues or assets; 

 

	 	(b)	 each of Peter McMillan III and Keith D. Hall is the legal and beneficial owner of a 50% (fifty percent) limited
liability company interest (collectively, the GKP Interests) in the KPA Guarantor, a limited liability company organized and existing under the laws of the State of Delaware. The GKP Interests represent 100% (hundred percent) of
the issued and outstanding membership interests in the KPA Guarantor. Peter McMillan III and Keith D. Hall are the lawful owners of, and have good and marketable title to each of their respective 50% interests in the KPA Guarantor, free and clear of
any and all Encumbrances. The KPA Interests have been duly authorized and are validly issued, fully-paid and non-assessable; 

 

	 	(c)	 it is the legal and beneficial owner of a 33 1/3% (thirty-three and one-third
percent) limited liability company interest (the KPA Interests) in KBS Holdings, LLC, a limited liability company organized and existing under the laws of the State of Delaware (KBS Holdings). The KPA Interests represent 33 1/3%
(thirty-three and one-third percent) of the issued and outstanding membership interests in KBS Holdings. The KPA Guarantor is the lawful owner of, and has good and marketable title to, the KPA Interests, free
and clear of any and all Encumbrances. The KPA Interests have been duly authorized and are validly issued, fully-paid and non-assessable; 

 

	 	(d)	 PBren Investments L.P. (PBren) is legal and beneficial owner of a 33 1/3% (thirty-three and one-third percent) in KBS Holding, representing 33 1/3% (thirty-three and one-third percent) of the issued and outstanding membership interests in KBS Holdings, and Schreiber
Real Estate Investments L.P. is legal and beneficial owner of a 33 1/3% (thirty-three and one-third percent) in KBS Holding, representing 33 1/3% (thirty-three and
one-third percent) of the issued and outstanding membership interests in KBS Holdings; 

  
 104 

	 	(e)	 the KPA Interests were issued in compliance with all applicable laws. The KPA Interests were not issued in violation of
the certificate of formation, the Limited Liability Company Operating Agreement of KBS Holdings, dated February 11, 2005 (the KBS Holdings LLC Agreement), among the members and KBS Holdings, or any other agreement, arrangement or
commitment to which KPA Guarantor or KBS Holdings is a party and are not subject to or in violation of any preemptive or similar rights of any other person; 

  

	 	(f)	 there are no outstanding or authorized options, warrants, convertible securities or other rights, agreements,
arrangements or commitments of any character relating to any membership interests in KBS Holdings or obligating KPA Guarantor or KBS Holdings to issue or sell any membership interests (including the KPA Interests), or any other interest, in KBS
Holdings. Other than the KBS Holdings LLC Agreement, there are no voting trusts, proxies or other agreements or understandings in effect with respect to the voting or transfer of any of the KPA Interests; 

 

	 	(g)	 KBS Holdings is the lawful owner of, and has good and marketable title to 100% (one hundred percent) of the issued and
outstanding membership interests (KBS Interests) in KBS Capital Advisors LLC, a limited liability company organized and existing under the laws of the State of Delaware (KBS Advisors), free and clear of any and all
Encumbrances. The KBS Interests have been duly authorized and are validly issued, fully-paid and non-assessable; 

  

	 	(h)	 the KBS Interests were issued in compliance with all applicable laws. The KBS Interests were not issued in violation of
the certificate of formation, the Limited Liability Company Operating Agreement of KBS Advisors, dated April 7, 2010 (the KBS Advisors LLC Agreement), among KBS Holdings and KBS Advisors, or any other agreement, arrangement or commitment
to which KBS Holdings or KBS Advisors is a party and are not subject to or in violation of any preemptive or similar rights of any other person; and 

  

	 	(i)	 there are no outstanding or authorized options, warrants, convertible securities or other rights, agreements,
arrangements or commitments of any character relating to any membership interests in KBS Advisors or obligating KBS Holdings or KBS Advisors to issue or sell any membership interests (including the KBS Interests), or any other interest, in KBS
Advisors. Other than the KBS Advisors LLC Agreement, there are no voting trusts, proxies or other agreements or understandings in effect with respect to the voting or transfer of any of the KBS Interests. 

 

	14.5	 Negative Pledge 

  

	 	(a)	 Except as provided in Clause 14.5(c) below, the KPA Guarantor shall not create or allow to exist any indebtedness or any
Encumbrance on any of its assets. 

  

	 	(b)	 The KPA Guarantor shall not, without the prior written consent of the Joint Bookrunners and Underwriters:

  

	 	(i)	 sell, transfer or otherwise dispose of any of its assets; 

  
 105 

	 	(ii)	 factor, sell, transfer or otherwise dispose of any of its receivables on recourse terms; 

 

	 	(iii)	 enter into or permit to subsist any title retention arrangement in relation to any of its assets; 

 

	 	(iv)	 create or allow to subsist any Encumbrance over any of its assets or any guarantee in respect of any obligation of any
person; 

  

	 	(v)	 enter into or permit to subsist any arrangement under which money or the benefit of a bank or other account may be
applied, set-off or made subject to a combination of accounts; or 

  

	 	(vi)	 enter into any other arrangement having a similar effect as the above. 

 

	 	(c)	 Notwithstanding Clauses 14.5(a) and 14.5(b) above, the KPA Guarantor shall have to option after 30 June 2020, to
seek prior written consent from the Joint Bookrunners and Underwriters for the KPA Guarantor to pledge its shares in KBS Holdings to any party for any purpose. The Joint Bookrunners and Underwriters shall act reasonably and consider any such request
from the KPA Guarantor, provided that the Joint Bookrunners and Underwriters shall in no circumstances be obliged to give the KPA Guarantor the written consents sought unless (i) the KPA Guarantor’s proposal includes an arrangement to
provide a replacement security to the Joint Bookrunners and Underwriters which enables the KPA Guarantor to be able to continue discharging its obligations under this Agreement, and (ii) all of the Joint Bookrunners and Underwriters agree that
the KPA Guarantor’s proposal would not place them at a position which is materially adverse compared where such consent is not given, having taken into accounts the circumstances applicable at that point of time. 

 

	14.6	 Transfer of Interests in KBS Holdings 

In the event that any amount becomes due and payable by KPA to the Joint Bookrunners and Underwriters under this Agreement, the Joint
Bookrunners and Underwriters shall provide written notice to the KPA Guarantor at its address set out in Clause 11.2 of this Agreement demanding payment from the KPA Guarantor of such amounts which are due and payable by KPA (the Guarantee
Notice). If the KPA Guarantor fails to perform its obligations under this Agreement and any amount owing by GKP Holdings to the Joint Bookrunners and Underwriters remain unpaid for more than 30 calendar days after the date on which the Guarantee
Notice is delivered in accordance with this Clause 14.6, the Bookrunners and Underwriters shall have the right, and not the obligation, to require the KPA Guarantor: 
  

	 	(i)	 to transfer and assign all of its interests in KBS Holdings to a corporation appointed by the Joint Bookrunners and
Underwriters within two business days in the United States after details of such corporation has been notified by the Joint Bookrunners and Underwriters to the KPA Guarantor and the other shareholders of KBS Holdings; and 

 

	 	(ii)	 to irrevocably undertakes to execute a document in such form to be provided by the Joint Bookrunners and Underwriters,
to grant, convey, assign and transfer to the Joint Bookrunners and Underwriters of all economic rights to its shares in 

  
 106 

	 	 KBS Holdings owned by the KPA Guarantor, being the one-third share of the
profits losses and distributions of KBS Holdings, which does not include any right to information, to an accounting of the affairs of KBS Holdings, to inspect the books or records of KBS Holdings, to receive notice of any meetings of members, or to
vote on, consent to, or otherwise participate in any decision of the members. 

  

	15.	 AMENDMENTS AND VARIATIONS 

This Agreement may only be amended or supplemented in writing signed by or on behalf of each of the parties hereto. 

  
 107 

 SCHEDULE 1 

THE JOINT BOOKRUNNERS AND UNDERWRITERS 

(Clause 2.1) 
  

					
	  
 Joint
Bookrunners and
 Underwriters
	  	  

Number of Offering Units
 and Cornerstone
Units
 (Column 1)
  
	  	  

Proportion of Over-
 Allotment
Units

	 	 	 
	
DBS Bank Ltd.
  
	  	193,472,364	  	38.0
	 	 	 
	
Merrill Lynch (Singapore) Pte. Ltd.

 
	  	91,644,804	  	18.0
	 	 	 
	
Citigroup Global Markets Singapore Pte. Ltd.

 
	  	117,101,694	  	23.0
	 	 	 
	
Credit Suisse (Singapore) Limited

 
	  	106,918,938	  	21.0
	 	 	 
	
Total
  
	  	509,137,800	  	100.0%

  
 108 

 SCHEDULE 2 

LOCK-UP LETTERS 

PART 1 

Lock-Up Letter from Keppel Capital Investment Holdings Pte. Ltd. 

2 November 2017 
 DBS Bank Ltd. (DBS) 

12 Marina Boulevard Level 46 
 DBS Asia Central @ Marina Bay Financial Centre

 Singapore 018982 
 Merrill Lynch (Singapore) Pte. Ltd.
(BAML) 
 50 Collyer Quay 
 #14-01,
OUE Bayfront 
 Singapore 049321 
 Citigroup Global Markets
Singapore Pte Ltd (Citi) 
 8 Marina View 

#21-00 Asia Square Tower 1 
 Singapore 018960

 Credit Suisse (Singapore) Limited (CS) 
 One Raffles Link

 #03/#04-01 South Lobby 
 Singapore 039393

 (DBS, BAML, Citi, and CS, the Joint Bookrunners and Underwriters) 

Dear Sirs: 
 Keppel-KBS
US REIT (KORE) 
 Offering of Units (as defined below) in the initial public offering by KORE (the Offering) 

 

	1.	 Keppel Capital Investment Holdings Pte. Ltd. (KCIH) wishes to restrict its right to deal in the units in KORE
(Units) in which it legally and/or beneficially, directly and/or indirectly, owns or will own as of the date hereof and on the Listing Date (as defined below) (the Lock-up Units), in accordance
with the terms of this undertaking. 

  

	2.	 In consideration of the Joint Bookrunners and Underwriters executing the underwriting agreement dated 2 November
2017 between the Joint Bookrunners and Underwriters, Keppel-KBS US REIT Management Pte. Ltd., as manager of KORE, KBS Pacific Advisors Pte. Ltd., Keppel Capital Holdings Pte. Ltd., GKP Holding LLC, KBS SOR
Properties, LLC and KCIH in connection with the Offering, KCIH undertakes to the Joint Bookrunners and Underwriters that it will not, subject to the exceptions set out in paragraph 4 below, during the period commencing from the date hereof until the
date falling 6 months after the date of admission of KORE to the Official List of the SGX-ST 

  
 109 

 
(the Listing Date) (both dates inclusive) (the First Lock-up Period), directly or indirectly: 

 

	 	(a)	 offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase, lend, hypothecate, grant security over, encumber or otherwise dispose of or transfer, any or all of its effective interest in the Lock-up Units (including any
interests or securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to subscribe for or purchase any such Lock-up Units);

  

	 	(b)	 enter into any swap, hedge or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of the Lock-up Units (including any securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to
subscribe for or purchase any such Lock-up Units); 

  

	 	(c)	 enter into any transaction (including a derivative transaction) or other arrangement with a similar economic effect to
the foregoing sub-paragraph (a) or (b); 

  

	 	(d)	 deposit any of its effective interest in the Lock-up Units (including any
securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to subscribe for or purchase any such Lock-up Units) in any
depository receipt facility; 

  

	 	(e)	 enter into a transaction which is designed or which may reasonably be expected to result in any of the above; or

  

	 	(f)	 publicly announce any intention to do any of the above, 

whether any such transaction described in sub-paragraphs (a) to (e) above is to be settled by delivery of such capital or
securities, in cash or otherwise (whether or not such transaction will be completed within or after the First Lock-up Period or the Second Lock-up Period (as defined
below) as applicable). 
  

	3.	 KCIH further undertakes to the Joint Bookrunners and Underwriters that the restrictions in paragraph 2 above will apply
in respect of its effective interest in 50.0% of the Lock-up Units (adjusted for any bonus issue or subdivision) during the period commencing from the day immediately following the First Lock-up Period until the date falling 12 months after the Listing Date (the Second Lock-up Period). 

 

	4.	 The restrictions in paragraphs 2 and 3 above do not apply to prohibit KCIH from: 

 

	 	(a)	 being able to create a charge over the Lock-up Units or otherwise grant of
security over or creation of any encumbrance over the Lock-up Units, provided that such charge, security or encumbrance (i) cannot be enforced over any Lock-up
Units during the First Lock-up Period, and (ii) can only be enforced with respect to 50.0% of the effective interest in the Lock-up Units during the Second Lock-up Period. The charge, security or encumbrance will only be created if the chargee (such as a bank or financial institution) agrees that the charge, security or encumbrance over the Lock-up Units cannot be enforced over 100.0% of the Lock-up Units during the First Lock-up Period and can only be enforced in

  
 110 

	 	 relation to 50.0% of the effective interest in the Lock-up Units during the
Second Lock-up Period; 

  

	 	(b)	 entering into the Unit Lending Agreement with the Joint Bookrunners and Underwriters or any sale or transfer of the Lock-up Units by KCIH pursuant to the exercise of the Over-Allotment Option, provided that the restrictions in paragraphs 2 and 3 above will apply to the Units returned to KCIH pursuant to the Unit Lending
Agreement; and 

  

	 	(c)	 being able to transfer the Lock-up Units to and between Keppel Corporation
Limited or any direct or indirect wholly-owned subsidiaries of Keppel Corporation Limited, provided that Keppel Corporation Limited shall, during the First Lock-up Period, maintain a direct or indirect
interest in 100.0% of the Lock-up Units and, during the Second Lock-up Period, maintain a direct or indirect interest in 50.0% of the
Lock-up Units and Keppel Corporation Limited has procured that such transferee subsidiaries have executed and delivered to the Joint Bookrunners and Underwriters undertakings to the effect that such transferee
subsidiaries will comply with the restrictions in paragraphs 2 and 3 above so as to enable KCIH to comply with the foregoing restrictions for the unexpired period of the First Lock-up Period and the Second Lock-up Period. 

  

	5.	 If, for any reason, the Listing Date does not take place within six months of the date of the prospectus of KORE dated
2 November 2017 (the Prospectus), this undertaking shall be terminated. 

  

	6.	 This undertaking and all matters arising from or connected with it are governed by, and shall be construed in accordance
with, Singapore law. The courts of Singapore are to have jurisdiction to settle any disputes which may arise out of or in connection with this undertaking and accordingly any legal action or proceedings arising out of or in connection with this
undertaking (Proceedings) may be brought in such courts. KCIH irrevocably submits to the jurisdiction of such courts and waives any objection to Proceedings in such courts whether on the ground of venue or on the ground that the Proceedings
have been brought in an inconvenient forum. This submission is made for the benefit of each of the Joint Bookrunners and Underwriters and shall not limit the right of any of them to take Proceedings in any other court of competent jurisdiction. The
taking of Proceedings in any other court of competent jurisdiction, or the taking of Proceedings in one or more jurisdictions, by any of the Joint Bookrunners and Underwriters shall not preclude the taking of Proceedings, by any of the Joint
Bookrunners and Underwriters in any other jurisdiction (whether concurrently or not). 

  

	7.	 This undertaking is given in favour of the Joint Bookrunners and Underwriters severally, and accordingly, may be
enforced by any of the Joint Bookrunners and Underwriters without having to join the other party to such enforcement proceedings. Without prejudice to any other rights or remedies which the Joint Bookrunners and Underwriters may have, we acknowledge
and agree that damages may not be an adequate remedy for any breach of this undertaking and the Joint Bookrunners and Underwriters shall be entitled to seek remedies of injunction, specific performance and other equitable relief for any threatened
or actual breach of this undertaking. 

  

	8.	 A person who is not a party to this undertaking shall have no right under the Contracts (Rights of Third Parties) Act,
Chapter 53B of Singapore, to enforce any term of this undertaking. 

  
 111 

	9.	 This undertaking may be executed in any number of counterparts each of which when executed and delivered (whether in
original or facsimile) shall be an original, but all the counterparts together shall constitute one and the same instrument. 

  

	10.	 Capitalized terms used but not otherwise defined herein shall have the meaning given to those terms in the Prospectus.

  
 112 

 For and behalf of 
 KEPPEL CAPITAL
INVESTMENT HOLDINGS PTE. LTD. 
  

	
	 
	
	 Name:

	
	 Title:

  
 113 

 Acknowledged and accepted: 

For and on behalf of 
 DBS Bank Ltd. 

 

	
	  

	
	 Name:

	
	 Title:

  
 114 

 For and on behalf of 
 Citigroup
Global Markets Singapore Pte Ltd 
  

	
	  

	
	 Name:

	
	 Title:

  
 115 

 For and on behalf of 
 Credit Suisse
(Singapore) Limited 
  

	
	  

	
	 Name:

	
	 Title:

  

	
	  

	
	 Name:

	
	 Title:

  
 116 

 For and on behalf of 
 Merrill Lynch
(Singapore) Pte. Ltd. 
  

	
	  

	
	 Name:

	
	 Title:

  
 117 

 PART 2 

Lock-Up Letter from Keppel Capital Holdings Pte. Ltd. 

2 November 2017 
 DBS Bank Ltd. (DBS) 

12 Marina Boulevard 
 Marina Bay Financial Centre Tower 3 

Singapore 018982 
 Merrill Lynch (Singapore) Pte. Ltd. (BAML)

 50 Collyer Quay 
 #14-01, OUE Bayfront

 Singapore 049321 
 Citigroup Global Markets Singapore Pte Ltd
(Citi) 
 8 Marina View 
 #21-00 Asia
Square Tower 1 
 Singapore 018960 
 Credit Suisse (Singapore)
Limited (CS) 
 One Raffles Link 

#03/#04-01 South Lobby 
 Singapore 039393 

(DBS, BAML, Citi and CS, the Joint Bookrunners and Underwriters) 

Dear Sirs: 
 Keppel-KBS
US REIT (“KORE”) 
 Offering of Units (as defined below) in the initial public offering by KORE (the Offering) 

 

	11.	 Keppel Capital Holdings Pte. Ltd. (KC) represents and warrants that 100% of the total number of issued shares of
Keppel Capital Investment Holdings Pte. Ltd. (KCIH) are owned by KC. 

  

	12.	 KC wishes to restrict its right to deal in the units in KORE (Units) in which it legally and/or beneficially,
directly and/or indirectly, owns or will own as of the date hereof and on the Listing Date (as defined below) (the Lock-up Units), in accordance with the terms of this undertaking.

  

	13.	 In consideration of the Joint Bookrunners and Underwriters executing the underwriting agreement dated 2 November
2017 between the Joint Bookrunners and Underwriters, Keppel-KBS US REIT Management Pte. Ltd., as manager of KORE, KBS Pacific Advisors Pte. Ltd., KC, GKP Holding LLC, KBS SOR Properties, LLC and KCIH in
connection with the Offering, KC undertakes to the Joint Bookrunners and Underwriters that it will not, subject to the exceptions set out in paragraph 5 below, during the period 

  
 118 

	 	 
commencing from the date hereof until the date falling 6 months after the date of admission of KORE to the Official List of the SGX-ST (the Listing
Date) (both dates inclusive) (the First Lock-up Period), directly or indirectly: 

  

	 	(a)	 offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase, lend, hypothecate, grant security over, encumber or otherwise dispose of or transfer, any or all of its effective interest in the Lock-up Units (including any
interests or securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to subscribe for or purchase any such Lock-up Units);

  

	 	(b)	 enter into any swap, hedge or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of the Lock-up Units (including any securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to
subscribe for or purchase any such Lock-up Units); 

  

	 	(c)	 enter into any transaction (including a derivative transaction) or other arrangement with a similar economic effect to
the foregoing sub-paragraph (a) or (b); 

  

	 	(d)	 deposit any of its effective interest in the Lock-up Units (including any
securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to subscribe for or purchase any such Lock-up Units) in any
depository receipt facility; 

  

	 	(e)	 enter into a transaction which is designed or which may reasonably be expected to result in any of the above; or

  

	 	(f)	 publicly announce any intention to do any of the above, 

whether any such transaction described in sub-paragraphs (a) to (e) above is to be settled by delivery of such capital or
securities, in cash or otherwise (whether or not such transaction will be completed within or after the First Lock-up Period or the Second Lock-up Period (as defined
below) as applicable). 
  

	14.	 KC further undertakes to the Joint Bookrunners and Underwriters that the restrictions in paragraph 2 above will apply in
respect of its effective interest in 50.0% of the Lock-up Units (adjusted for any bonus issue or subdivision) during the period commencing from the day immediately following the First Lock-up Period until the date falling 12 months after the Listing Date (the Second Lock-up Period). 

 

	15.	 The restrictions in paragraphs 3 and 4 above do not apply to prohibit: 

 

	 	(a)	 KC from being able to create a charge over the Lock-up Units or otherwise grant
of security over or creation of any encumbrance over the Lock-up Units, provided that such charge, security or encumbrance (i) cannot be enforced over any Lock-up
Units during the First Lock-up Period, and (ii) can only be enforced with respect to 50.0% of the effective interest in the Lock-up Units during the Second Lock-up Period. The charge, security or encumbrance will only be created if the chargee (such as a bank or financial institution) agrees that the charge, security or encumbrance over the Lock-up Units cannot be enforced over 100.0% of the 

  
 119 

	 	 
Lock-up Units during the First Lock-up Period and can only be enforced in relation to 50.0% of the effective
interest in the Lock-up Units during the Second Lock-up Period; 

  

	 	(b)	 KCIH from entering into the Unit Lending Agreement with the Joint Bookrunners and Underwriters or any sale or transfer
of the Lock-up Units by KCIH pursuant to the exercise of the Over-Allotment Option, provided that the restrictions in paragraphs 3 and 4 above will apply to the Units returned to KCIH pursuant to the Unit
Lending Agreement; and 

  

	 	(c)	 KC from being able to transfer the Lock-up Units to and between any direct or
indirect wholly-owned subsidiaries of Keppel Corporation Limited, provided that Keppel Corporation Limited shall, during the First Lock-up Period, maintain a direct or indirect interest in 100.0% of the Lock-up Units and, during the Second Lock-up Period, maintain a direct or indirect interest in 50.0% of the Lock-up Units and Keppel
Corporation Limited has procured that such transferee subsidiaries have executed and delivered to the Joint Bookrunners and Underwriters undertakings to the effect that such transferee subsidiaries will comply with the restrictions in paragraphs 3
and 4 above so as to enable KC to comply with the foregoing restrictions for the unexpired period of the First Lock-up Period and the Second Lock-up Period.

  

	16.	 If, for any reason, the Listing Date does not take place within six months of the date of the prospectus of KORE dated
2 November 2017 (the Prospectus), this undertaking shall be terminated. 

  

	17.	 This undertaking and all matters arising from or connected with it are governed by, and shall be construed in accordance
with, Singapore law. The courts of Singapore are to have jurisdiction to settle any disputes which may arise out of or in connection with this undertaking and accordingly any legal action or proceedings arising out of or in connection with this
undertaking (Proceedings) may be brought in such courts. KC irrevocably submits to the jurisdiction of such courts and waives any objection to Proceedings in such courts whether on the ground of venue or on the ground that the Proceedings
have been brought in an inconvenient forum. This submission is made for the benefit of each of the Joint Bookrunners and Underwriters and shall not limit the right of any of them to take Proceedings in any other court of competent jurisdiction. The
taking of Proceedings in any other court of competent jurisdiction, or the taking of Proceedings in one or more jurisdictions, by any of the Joint Bookrunners and Underwriters shall not preclude the taking of Proceedings, by any of the Joint
Bookrunners and Underwriters in any other jurisdiction (whether concurrently or not). 

  

	18.	 This undertaking is given in favour of the Joint Bookrunners and Underwriters severally, and accordingly, may be
enforced by any of the Joint Bookrunners and Underwriters without having to join the other party to such enforcement proceedings. Without prejudice to any other rights or remedies which the Joint Bookrunners and Underwriters may have, we acknowledge
and agree that damages may not be an adequate remedy for any breach of this undertaking and the Joint Bookrunners and Underwriters shall be entitled to seek remedies of injunction, specific performance and other equitable relief for any threatened
or actual breach of this undertaking. 

  

	19.	 A person who is not a party to this undertaking shall have no right under the Contracts (Rights of Third Parties) Act,
Chapter 53B of Singapore, to enforce any term of this undertaking. 

  
 120 

	20.	 This undertaking may be executed in any number of counterparts each of which when executed and delivered (whether in
original or facsimile) shall be an original, but all the counterparts together shall constitute one and the same instrument. 

  

	21.	 Capitalized terms used but not otherwise defined herein shall have the meaning given to those terms in the Prospectus.

  
 121 

	
	For and behalf of
	
	KEPPEL CAPITAL HOLDINGS PTE. LTD.
	
	 
	
	 Name:

	
	 Title:

  
 122 

	
	 Acknowledged and accepted:

	
	For and on behalf of
	DBS Bank Ltd.
	
	  

	
	 Name:

	
	 Title:

  
 123 

	
	For and on behalf of
	Citigroup Global Markets Singapore Pte Ltd
	
	   

	
	 Name:

	
	 Title:

  
 124 

 For and on behalf of 
 Credit Suisse
(Singapore) Limited 
  

	
	  

	
	 Name:

	
	 Title:

  

	
	  

	
	 Name:

	
	 Title:

  
 125 

 For and on behalf of 
 Merrill Lynch
(Singapore) Pte. Ltd. 
  

	
	  

	
	 Name:

	
	 Title:

  
 126 

 PART 3 

Lock-Up Letter from KBS Strategic Opportunity REIT, Inc. 

2 November 2017 
 DBS Bank Ltd. (DBS)

 12 Marina Boulevard 
 Marina Bay Financial Centre
Tower 3 
 Singapore 018982 
 Merrill Lynch
(Singapore) Pte. Ltd. (BAML) 
 50 Collyer Quay 

#14-01, OUE Bayfront 

Singapore 049321 
 Citigroup Global Markets Singapore
Pte Ltd (Citi) 
 8 Marina View 
 #21-00 Asia Square Tower 1 
 Singapore 018960 

Credit Suisse (Singapore) Limited (CS) 
 One
Raffles Link 
 #03/#04-01 South Lobby 

Singapore 039393 
 (DBS, BAML, Citi, and CS, the
Joint Bookrunners and Underwriters) 
 Dear Sirs: 
 Keppel-KBS US REIT (“KORE”) 
 Offering of Units (as defined below) in the initial public offering by KORE (the
Offering) 
  

	22.	 KBS Strategic Opportunity REIT, Inc. (KBS SOR) represents and warrants that 100% of the total number of issued
shares of KBS SOR Properties, LLC (KBS Properties) are indirectly owned by KBS SOR through its ownership of 100% of the interest in KBS Strategic Opportunity Limited Partnership, a wholly-owned subsidiary of KBS SOR, which in turn owns 100%
of the total number of issued shares of KBS SOR (BVI) Holdings, Ltd., which in turn owns 100% of the total number of issued shares of KBS Properties. 

  

	23.	 KBS SOR wishes to restrict its right to deal in the units in KORE (Units) in which it legally and/or
beneficially, directly and/or indirectly, owns or will own as of the date hereof and on the Listing Date (as defined below) (the Lock-up Units), in accordance with the terms of this undertaking.

  
 127 

	24.	 In consideration of the Joint Bookrunners and Underwriters executing the underwriting agreement dated 2 November
2017 between the Joint Bookrunners and Underwriters, Keppel-KBS US REIT Management Pte. Ltd., as manager of KORE, KBS Pacific Advisors Pte. Ltd., Keppel Capital Holdings Pte. Ltd., GKP Holding LLC, KBS
Properties and Keppel Capital Investment Holdings Pte. Ltd. in connection with the Offering, KBS SOR undertakes to the Joint Bookrunners and Underwriters that it will not, subject to the exceptions set out in paragraph 5 below, during the period
commencing from the date hereof until the date falling 6 months after the date of admission of KORE to the Official List of the SGX-ST (the Listing Date) (both dates inclusive) (the First Lock-up Period), directly or indirectly: 

  

	 	(a)	 offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase, lend, hypothecate, grant security over, encumber or otherwise dispose of or transfer, any or all of its effective interest in the Lock-up Units (including any
interests or securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to subscribe for or purchase any such Lock-up Units);

  

	 	(b)	 enter into any swap, hedge or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of the Lock-up Units (including any securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to
subscribe for or purchase any such Lock-up Units); 

  

	 	(c)	 enter into any transaction (including a derivative transaction) or other arrangement with a similar economic effect to
the foregoing sub-paragraph (a) or (b); 

  

	 	(d)	 deposit any of its effective interest in the Lock-up Units (including any
securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to subscribe for or purchase any such Lock-up Units) in any
depository receipt facility; 

  

	 	(e)	 enter into a transaction which is designed or which may reasonably be expected to result in any of the above; or

  

	 	(f)	 publicly announce any intention to do any of the above, 

whether any such transaction described in sub-paragraphs (a) to (e) above is to be settled by delivery of such capital or
securities, in cash or otherwise (whether or not such transaction will be completed within or after the First Lock-up Period or the Second Lock-up Period (as defined
below) as applicable). 
  

	25.	 KBS SOR further undertakes to the Joint Bookrunners and Underwriters that the restrictions in paragraph 3 above will
apply in respect of its effective interest in 50.0% of the Lock-up Units (adjusted for any bonus issue or subdivision) during the period commencing from the day immediately following the First Lock-up Period until the date falling 12 months after the Listing Date (the Second Lock-up Period). 

 

	26.	 The restrictions in paragraphs 3 and 4 above do not apply to prohibit: 

  
 128 

	 	(a)	 KBS SOR from being able to create a charge over the Lock-up Units or otherwise
grant of security over or creation of any encumbrance over the Lock-up Units, provided that such charge, security or encumbrance (i) cannot be enforced over any
Lock-up Units during the First Lock-up Period, and (ii) can only be enforced with respect to 50.0% of the effective interest in the
Lock-up Units during the Second Lock-up Period. The charge, security or encumbrance will only be created if the chargee (such as a bank or financial institution) agrees
that the charge, security or encumbrance over the Lock-up Units cannot be enforced over 100.0% of the Lock-up Units during the First
Lock-up Period and can only be enforced in relation to 50.0% of the effective interest in the Lock-up Units during the Second
Lock-up Period; 

  

	 	(c)	 KBS Properties from entering into the Unit Lending Agreement with the Joint Bookrunners and Underwriters or any sale or
transfer of the Lock-up Units by KBS Properties pursuant to the exercise of the Over-Allotment Option, provided that the restrictions in paragraphs 3 and 4 above will apply to the Units returned to KBS
Properties pursuant to the Unit Lending Agreement; and 

  

	 	(c)	 KBS SOR from being able to transfer the Lock-up Units to and between any direct
or indirect wholly-owned subsidiaries of KBS SOR, provided that KBS SOR shall, during the First Lock-up Period, maintain a direct or indirect interest in 100.0% of the
Lock-up Units and, during the Second Lock-up Period, maintain a direct or indirect interest in 50.0% of the Lock-up Units and KBS
SOR has procured that such transferee subsidiaries have executed and delivered to the Joint Bookrunners and Underwriters undertakings to the effect that such transferee subsidiaries will comply with the restrictions in paragraphs 3 and 4 above so as
to enable KBS SOR to comply with the foregoing restrictions for the unexpired period of the First Lock-up Period and the Second Lock-up Period. 

 

	27.	 If, for any reason, the Listing Date does not take place within six months of the date of the prospectus of KORE dated
2 November 2017 (the Prospectus), this undertaking shall be terminated. 

  

	28.	 This undertaking and all matters arising from or connected with it are governed by, and shall be construed in accordance
with, Singapore law. The courts of Singapore are to have jurisdiction to settle any disputes which may arise out of or in connection with this undertaking and accordingly any legal action or proceedings arising out of or in connection with this
undertaking (Proceedings) may be brought in such courts. KBS SOR irrevocably submits to the jurisdiction of such courts and waives any objection to Proceedings in such courts whether on the ground of venue or on the ground that the
Proceedings have been brought in an inconvenient forum. This submission is made for the benefit of each of the Joint Bookrunners and Underwriters and shall not limit the right of any of them to take Proceedings in any other court of competent
jurisdiction. The taking of Proceedings in any other court of competent jurisdiction, or the taking of Proceedings in one or more jurisdictions, by any of the Joint Bookrunners and Underwriters shall not preclude the taking of Proceedings, by any of
the Joint Bookrunners and Underwriters in any other jurisdiction (whether concurrently or not). 

  

	29.	 KBS SOR hereby irrevocably appoints KBS Pacific Advisors Pte. Ltd. of 60 Paya Lebar Road,
#11-06, Paya Lebar Square, Singapore 409051 as agent to accept service of process in Singapore in any legal action or proceedings arising out of this undertaking, service upon whom will be deemed completed
whether or not forwarded to or received by KBS SOR. KBS SOR will inform the Joint Bookrunners and Underwriters, in writing, 

  
 129 

	 	 of any change in the address of the process agent of KBS SOR and such change in address will not be effective until such
notice is received by the Joint Bookrunners and Underwriters. Such service will be deemed to be completed on delivery to the process agent (whether or not it is forwarded to and received by KBS SOR). If such process agent ceases to be able to act as
such or to have an address in Singapore, KBS SOR irrevocably agrees to immediately appoint a new process agent in Singapore acceptable to the Joint Bookrunners and Underwriters and to deliver to the Joint Bookrunners and Underwriters within 14 days
a copy of a written acceptance of appointment by the process agent. Nothing in this undertaking will affect the right to serve process in any other manner permitted by law. 

 

	30.	 This undertaking is given in favour of the Joint Bookrunners and Underwriters severally, and accordingly, may be
enforced by any of the Joint Bookrunners and Underwriters without having to join the other party to such enforcement proceedings. Without prejudice to any other rights or remedies which the Joint Bookrunners and Underwriters may have, we acknowledge
and agree that damages may not be an adequate remedy for any breach of this undertaking and the Joint Bookrunners and Underwriters shall be entitled to seek remedies of injunction, specific performance and other equitable relief for any threatened
or actual breach of this undertaking. 

  

	31.	 A person who is not a party to this undertaking shall have no right under the Contracts (Rights of Third Parties) Act,
Chapter 53B of Singapore, to enforce any term of this undertaking. 

  

	32.	 This undertaking may be executed in any number of counterparts each of which when executed and delivered (whether in
original or facsimile) shall be an original, but all the counterparts together shall constitute one and the same instrument. 

  

	33.	 Capitalized terms used but not otherwise defined herein shall have the meaning given to those terms in the Prospectus.

  
 130 

	
	For and behalf of
	
	KBS STRATEGIC OPPORTUNITY REIT, INC.
	
	 
	
	 Name:

	
	 Title:

  
 131 

	
	 Acknowledged and accepted:

	
	For and on behalf of
	DBS Bank Ltd.
	
	  

	
	 Name:

	
	 Title:

  
 132 

	
	For and on behalf of
	Citigroup Global Markets Singapore Pte Ltd
	
	   

	
	 Name:

	
	 Title:

  
 133 

	
	For and on behalf of
	Credit Suisse (Singapore) Limited
	
	  

	
	 Name:

	
	 Title:

	
	  

	
	 Name:

	
	 Title:

  
 134 

	
	For and on behalf of
	Merrill Lynch (Singapore) Pte. Ltd.
	
	  

	
	 Name:

	
	 Title:

  
 135 

 PART 4 

Lock-Up Letter from KBS SOR (BVI) Holdings Ltd 

2 November 2017 
 DBS Bank Ltd. (DBS)

 12 Marina Boulevard Level 46 
 DBS Asia
Central @ Marina Bay Financial Centre 
 Singapore 018982 

Merrill Lynch (Singapore) Pte. Ltd. (BAML) 

50 Collyer Quay 

#14-01, OUE Bayfront 

Singapore 049321 
 Citigroup Global Markets Singapore
Pte Ltd (Citi) 
 8 Marina View 
 #21-00 Asia Square Tower 1 
 Singapore 018960 

Credit Suisse (Singapore) Limited (CS) 
 One
Raffles Link 
 #03/#04-01 South Lobby 

Singapore 039393 
 (DBS, BAML, Citi, and CS, the
Joint Bookrunners and Underwriters) 
 Dear Sirs: 
 Keppel-KBS US REIT (KORE) 
 Offering of Units (as defined below) in the initial public offering by KORE (the Offering)

  

	34.	 KBS SOR (BVI) Holdings, Ltd. (KBS BVI) represents and warrants that 100% of the total number of issued shares of
KBS SOR Properties, LLC (KBS Properties) are owned by KBS BVI. 

  

	35.	 KBS BVI wishes to restrict its right to deal in the units in KORE (Units) in which it legally and/or
beneficially, directly and/or indirectly, owns or will own as of the date hereof and on the Listing Date (as defined below) (the Lock-up Units), in accordance with the terms of this undertaking.

  

	36.	 In consideration of the Joint Bookrunners and Underwriters executing the underwriting agreement dated 2 November
2017 between the Joint Bookrunners and Underwriters, Keppel-KBS US REIT Management Pte. Ltd., as manager of KORE, KBS Pacific Advisors Pte. Ltd., Keppel Capital Holdings Pte. Ltd., GKP Holding LLC, KBS
Properties and Keppel Capital Investment Holdings Pte. Ltd. in connection with the Offering, KBS BVI undertakes to the Joint Bookrunners and Underwriters that it will not, subject to the exceptions set out in paragraph 5 below, during the period
commencing from the date 

  
 136 

	 	 
hereof until the date falling 6 months after the date of admission of KORE to the Official List of the SGX-ST (the Listing Date) (both dates
inclusive) (the First Lock-up Period), directly or indirectly: 

  

	 	(a)	 offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase, lend, hypothecate, grant security over, encumber or otherwise dispose of or transfer, any or all of its effective interest in the Lock-up Units (including any
interests or securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to subscribe for or purchase any such Lock-up Units);

  

	 	(b)	 enter into any swap, hedge or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of the Lock-up Units (including any securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to
subscribe for or purchase any such Lock-up Units); 

  

	 	(c)	 enter into any transaction (including a derivative transaction) or other arrangement with a similar economic effect to
the foregoing sub-paragraph (a) or (b); 

  

	 	(d)	 deposit any of its effective interest in the Lock-up Units (including any
securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to subscribe for or purchase any such Lock-up Units) in any
depository receipt facility; 

  

	 	(e)	 enter into a transaction which is designed or which may reasonably be expected to result in any of the above; or

  

	 	(f)	 publicly announce any intention to do any of the above, 

whether any such transaction described in sub-paragraphs (a) to (e) above is to be settled by delivery of such capital or
securities, in cash or otherwise (whether or not such transaction will be completed within or after the First Lock-up Period or the Second Lock-up Period (as defined
below) as applicable). 
  

	37.	 KBS BVI further undertakes to the Joint Bookrunners and Underwriters that the restrictions in paragraph 3 above will
apply in respect of its effective interest in 50.0% of the Lock-up Units (adjusted for any bonus issue or subdivision) during the period commencing from the day immediately following the First Lock-up Period until the date falling 12 months after the Listing Date (the Second Lock-up Period). 

 

	38.	 The restrictions in paragraphs 3 and 4 above do not apply to prohibit: 

 

	 	(a)	 KBS BVI from being able to create a charge over the Lock-up Units or otherwise
grant of security over or creation of any encumbrance over the Lock-up Units, provided that such charge, security or encumbrance (i) cannot be enforced over any
Lock-up Units during the First Lock-up Period, and (ii) can only be enforced with respect to 50.0% of the effective interest in the
Lock-up Units during the Second Lock-up Period. The charge, security or encumbrance will only be created if the chargee (such as a bank or financial institution) agrees
that the charge, security or encumbrance over the Lock-up Units cannot be enforced over 

  
 137 

	 	 
100.0% of the Lock-up Units during the First Lock- up Period and can only be enforced in relation to 50.0% of the effective interest in the Lock-up Units during the Second Lock-up Period; 

  

	 	(b)	 KBS Properties from entering into the Unit Lending Agreement with the Joint Bookrunners and Underwriters or any sale or
transfer of the Lock-up Units by KBS Properties pursuant to the exercise of the Over-Allotment Option, provided that the restrictions in paragraphs 3 and 4 above will apply to the Units returned to KBS
Properties pursuant to the Unit Lending Agreement; and 

  

	 	(c)	 KBS BVI from being able to transfer the Lock-up Units to and between any direct
or indirect wholly-owned subsidiaries of KBS SOR, provided that KBS SOR shall, during the First Lock-up Period, maintain a direct or indirect interest in 100.0% of the
Lock-up Units and, during the Second Lock-up Period, maintain a direct or indirect interest in 50.0% of the Lock-up Units and KBS
SOR has procured that such transferee subsidiaries have executed and delivered to the Joint Bookrunners and Underwriters undertakings to the effect that such transferee subsidiaries will comply with the restrictions in paragraphs 3 and 4 above so as
to enable KBS BVI to comply with the foregoing restrictions for the unexpired period of the First Lock-up Period and the Second Lock-up Period. 

 

	39.	 If, for any reason, the Listing Date does not take place within six months of the date of the prospectus of KORE dated
2 November 2017 (the Prospectus), this undertaking shall be terminated. 

  

	40.	 This undertaking and all matters arising from or connected with it are governed by, and shall be construed in accordance
with, Singapore law. The courts of Singapore are to have jurisdiction to settle any disputes which may arise out of or in connection with this undertaking and accordingly any legal action or proceedings arising out of or in connection with this
undertaking (Proceedings) may be brought in such courts. KBS BVI irrevocably submits to the jurisdiction of such courts and waives any objection to Proceedings in such courts whether on the ground of venue or on the ground that the
Proceedings have been brought in an inconvenient forum. This submission is made for the benefit of each of the Joint Bookrunners and Underwriters and shall not limit the right of any of them to take Proceedings in any other court of competent
jurisdiction. The taking of Proceedings in any other court of competent jurisdiction, or the taking of Proceedings in one or more jurisdictions, by any of the Joint Bookrunners and Underwriters shall not preclude the taking of Proceedings, by any of
the Joint Bookrunners and Underwriters in any other jurisdiction (whether concurrently or not). 

  

	41.	 KBS BVI hereby irrevocably appoints KBS Pacific Advisors Pte. Ltd. of 60 Paya Lebar Road,
#11-06, Paya Lebar Square, Singapore 409051 as agent to accept service of process in Singapore in any legal action or proceedings arising out of this undertaking, service upon whom will be deemed completed
whether or not forwarded to or received by KBS BVI. KBS BVI will inform the Joint Bookrunners and Underwriters, in writing, of any change in the address of the process agent of KBS BVI and such change in address will not be effective until such
notice is received by the Joint Bookrunners and Underwriters. Such service will be deemed to be completed on delivery to the process agent (whether or not it is forwarded to and received by KBS BVI). If such process agent ceases to be able to act as
such or to have an address in Singapore, KBS BVI irrevocably agrees to immediately appoint a new process agent in Singapore acceptable to the Joint Bookrunners and Underwriters and to deliver to the Joint Bookrunners and Underwriters within 14 days
a copy of a written acceptance of appointment by the 

  
 138 

	 	 
process agent. Nothing in this undertaking will affect the right to serve process in any other manner permitted by law. 

 

	42.	 This undertaking is given in favour of the Joint Bookrunners and Underwriters severally, and accordingly, may be
enforced by any of the Joint Bookrunners and Underwriters without having to join the other party to such enforcement proceedings. Without prejudice to any other rights or remedies which the Joint Bookrunners and Underwriters may have, we acknowledge
and agree that damages may not be an adequate remedy for any breach of this undertaking and the Joint Bookrunners and Underwriters shall be entitled to seek remedies of injunction, specific performance and other equitable relief for any threatened
or actual breach of this undertaking. 

  

	43.	 A person who is not a party to this undertaking shall have no right under the Contracts (Rights of Third Parties) Act,
Chapter 53B of Singapore, to enforce any term of this undertaking. 

  

	44.	 This undertaking may be executed in any number of counterparts each of which when executed and delivered (whether in
original or facsimile) shall be an original, but all the counterparts together shall constitute one and the same instrument. 

  

	45.	 Capitalized terms used but not otherwise defined herein shall have the meaning given to those terms in the Prospectus.

  
 139 

	
	For and behalf of
	
	KBS SOR (BVI) HOLDINGS, LTD.
	
	 
	
	 Name:

	
	 Title:

  
 140 

	
	 Acknowledged and accepted:

	
	For and on behalf of
	DBS Bank Ltd.
	
	  

	
	 Name:

	
	 Title:

  
 141 

	
	For and on behalf of
	Citigroup Global Markets Singapore Pte Ltd
	
	  

	
	 Name:

	
	 Title:

  
 142 

	
	For and on behalf of
	Credit Suisse (Singapore) Limited
	
	   

	
	 Name:

	
	 Title:

	
	  

	
	 Name:

	
	 Title:

  
 143 

	
	For and on behalf of
	Merrill Lynch (Singapore) Pte. Ltd.
	
	   

	
	 Name:

	
	 Title:

  
 144 

 PART 5 

Lock-Up Letter from KBS Strategic Opportunity Limited Partnership 

2 November 2017 
 DBS Bank Ltd. (DBS)

 12 Marina Boulevard 
 Marina Bay Financial Centre
Tower 3 
 Singapore 018982 
 Merrill Lynch
(Singapore) Pte. Ltd. (BAML) 
 50 Collyer Quay 

#14-01, OUE Bayfront 

Singapore 049321 
 Citigroup Global Markets Singapore
Pte Ltd (Citi) 
 8 Marina View 
 #21-00 Asia Square Tower 1 
 Singapore 018960 

Credit Suisse (Singapore) Limited (CS) 
 One
Raffles Link 
 #03/#04-01 South Lobby 

Singapore 039393 
 (DBS, BAML, Citi, and CS, the
Joint Bookrunners and Underwriters) 
 Dear Sirs: 
 Keppel-KBS US REIT (“KORE”) 
 Offering of Units (as defined below) in the initial public offering by KORE (the
Offering) 
  

	46.	 KBS Strategic Opportunity Limited Partnership (KBS SOLP) represents and warrants that 100% of the total number of
issued shares of KBS SOR Properties, LLC (KBS Properties) are indirectly owned by KBS SOLP through its ownership of 100% of the total number of issued shares of KBS SOR (BVI) Holdings, Ltd., which in turn owns 100% of the total
number of issued shares of KBS Properties. 

  

	47.	 KBS SOLP wishes to restrict its right to deal in the units in KORE (Units) in which it legally and/or
beneficially, directly and/or indirectly, owns or will own as of the date hereof and on the Listing Date (as defined below) (the Lock-up Units), in accordance with the terms of this undertaking.

  

	48.	 In consideration of the Joint Bookrunners and Underwriters executing the underwriting agreement dated 2 November
2017 between the Joint Bookrunners and Underwriters, Keppel-KBS US REIT Management Pte. Ltd., as manager of KORE, KBS Pacific Advisors Pte. Ltd., Keppel Capital Holdings Pte. Ltd., GKP Holding LLC, KBS
Properties and Keppel Capital Investment Holdings Pte. Ltd. in connection with the Offering, KBS 

  
 145 

 
SOLP undertakes to the Joint Bookrunners and Underwriters that it will not, subject to the exceptions set out in paragraph 5 below, during the period commencing from the date hereof until the
date falling 6 months after the date of admission of KORE to the Official List of the SGX-ST (the Listing Date) (both dates inclusive) (the First Lock-up
Period), directly or indirectly: 
  

	 	(a)	 offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase, lend, hypothecate, grant security over, encumber or otherwise dispose of or transfer, any or all of its effective interest in the Lock-up Units (including any
interests or securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to subscribe for or purchase any such Lock-up Units);

  

	 	(b)	 enter into any swap, hedge or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of the Lock-up Units (including any securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to
subscribe for or purchase any such Lock-up Units); 

  

	 	(c)	 enter into any transaction (including a derivative transaction) or other arrangement with a similar economic effect to
the foregoing sub-paragraph (a) or (b); 

  

	 	(d)	 deposit any of its effective interest in the Lock-up Units (including any
securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to subscribe for or purchase any such Lock-up Units) in any
depository receipt facility; 

  

	 	(e)	 enter into a transaction which is designed or which may reasonably be expected to result in any of the above; or

  

	 	(f)	 publicly announce any intention to do any of the above, 

whether any such transaction described in sub-paragraphs (a) to (e) above is to be settled by delivery of such capital or
securities, in cash or otherwise (whether or not such transaction will be completed within or after the First Lock-up Period or the Second Lock-up Period (as defined
below) as applicable). 
  

	49.	 KBS SOLP further undertakes to the Joint Bookrunners and Underwriters that the restrictions in paragraph 3 above will
apply in respect of its effective interest in 50.0% of the Lock-up Units (adjusted for any bonus issue or subdivision) during the period commencing from the day immediately following the First Lock-up Period until the date falling 12 months after the Listing Date (the Second Lock-up Period). 

 

	50.	 The restrictions in paragraphs 3 and 4 above do not apply to prohibit: 

 

	 	(a)	 KBS SOLP from being able to create a charge over the Lock-up Units or otherwise
grant of security over or creation of any encumbrance over the Lock-up Units, provided that such charge, security or encumbrance (i) cannot be enforced over any
Lock-up Units during the First Lock-up Period, and (ii) can only be enforced with respect to 50.0% of the effective interest in the
Lock-up Units during the Second Lock-up Period. The charge, security or encumbrance will only 

  
 146 

 be created if the chargee (such as a bank or financial institution) agrees that the
charge, security or encumbrance over the Lock-up Units cannot be enforced over 100.0% of the Lock-up Units during the First Lock-up Period and can only be enforced in
relation to 50.0% of the effective interest in the Lock-up Units during the Second Lock-up Period; 

 

	 	(b)	 KBS Properties from entering into the Unit Lending Agreement with the Joint Bookrunners and Underwriters or any sale or
transfer of the Lock-up Units by KBS Properties pursuant to the exercise of the Over-Allotment Option, provided that the restrictions in paragraphs 3 and 4 above will apply to the Units returned to KBS
Properties pursuant to the Unit Lending Agreement; and 

  

	 	(c)	 KBS SOLP from being able to transfer the Lock-up Units to and between any direct
or indirect wholly-owned subsidiaries of KBS SOR, provided that KBS SOR shall, during the First Lock-up Period, maintain a direct or indirect interest in 100.0% of the
Lock-up Units and, during the Second Lock-up Period, maintain a direct or indirect interest in 50.0% of the Lock-up Units and KBS
SOR has procured that such transferee subsidiaries have executed and delivered to the Joint Bookrunners and Underwriters undertakings to the effect that such transferee subsidiaries will comply with the restrictions in paragraphs 3 and 4 above so as
to enable KBS SOLP to comply with the foregoing restrictions for the unexpired period of the First Lock-up Period and the Second Lock-up Period. 

 

	51.	 If, for any reason, the Listing Date does not take place within six months of the date of the prospectus of KORE dated
2 November 2017 (the Prospectus), this undertaking shall be terminated. 

  

	52.	 This undertaking and all matters arising from or connected with it are governed by, and shall be construed in accordance
with, Singapore law. The courts of Singapore are to have jurisdiction to settle any disputes which may arise out of or in connection with this undertaking and accordingly any legal action or proceedings arising out of or in connection with this
undertaking (Proceedings) may be brought in such courts. KBS SOLP irrevocably submits to the jurisdiction of such courts and waives any objection to Proceedings in such courts whether on the ground of venue or on the ground that the
Proceedings have been brought in an inconvenient forum. This submission is made for the benefit of each of the Joint Bookrunners and Underwriters and shall not limit the right of any of them to take Proceedings in any other court of competent
jurisdiction. The taking of Proceedings in any other court of competent jurisdiction, or the taking of Proceedings in one or more jurisdictions, by any of the Joint Bookrunners and Underwriters shall not preclude the taking of Proceedings, by any of
the Joint Bookrunners and Underwriters in any other jurisdiction (whether concurrently or not). 

  

	53.	 KBS SOLP hereby irrevocably appoints KBS Pacific Advisors Pte. Ltd. of 60 Paya Lebar Road, #11-06, Paya Lebar Square, Singapore 409051 as agent to accept service of process in Singapore in any legal action or proceedings arising out of this undertaking, service upon whom will be deemed completed whether
or not forwarded to or received by KBS SOLP. KBS SOLP will inform the Joint Bookrunners and Underwriters, in writing, of any change in the address of the process agent of KBS SOLP and such change in address will not be effective until such notice is
received by the Joint Bookrunners and Underwriters. Such service will be deemed to be completed on delivery to the process agent (whether or not it is forwarded to and received by KBS SOLP). If such process agent ceases to be able to act as such or
to have an address in Singapore, KBS SOLP irrevocably agrees to immediately appoint a new process agent in Singapore acceptable 

  
 147 

 to the Joint Bookrunners and Underwriters and to deliver to the Joint Bookrunners and
Underwriters within 14 days a copy of a written acceptance of appointment by the process agent. Nothing in this undertaking will affect the right to serve process in any other manner permitted by law. 

 

	 	54.	 This undertaking is given in favour of the Joint Bookrunners and Underwriters severally, and accordingly, may be
enforced by any of the Joint Bookrunners and Underwriters without having to join the other party to such enforcement proceedings. Without prejudice to any other rights or remedies which the Joint Bookrunners and Underwriters may have, we acknowledge
and agree that damages may not be an adequate remedy for any breach of this undertaking and the Joint Bookrunners and Underwriters shall be entitled to seek remedies of injunction, specific performance and other equitable relief for any threatened
or actual breach of this undertaking. 

  

	 	55.	 A person who is not a party to this undertaking shall have no right under the Contracts (Rights of Third Parties) Act,
Chapter 53B of Singapore, to enforce any term of this undertaking. 

  

	 	56.	 This undertaking may be executed in any number of counterparts each of which when executed and delivered (whether in
original or facsimile) shall be an original, but all the counterparts together shall constitute one and the same instrument. 

  

	 	57.	 Capitalized terms used but not otherwise defined herein shall have the meaning given to those terms in the Prospectus.

  
 148 

 For and behalf of 

KBS STRATEGIC OPPORTUNITY LIMITED PARTNERSHIP 

	
	
	 
	
	 Name:

	
	 Title:

  
 149 

 Acknowledged and accepted: 

For and on behalf of 
 DBS Bank Ltd. 

	
	
	   

	
	 Name:

	
	 Title:

  
 150 

 For and on behalf of 

Citigroup Global Markets Singapore Pte Ltd 

	
	
	   

	
	 Name:

	
	 Title:

  
 151 

 For and on behalf of 

Credit Suisse (Singapore) Limited 

	
	
	   

	
	 Name:

	
	 Title:

	
	   

	
	 Name:

	
	 Title:

  
 152 

 For and on behalf of 

Merrill Lynch (Singapore) Pte. Ltd. 

	
	
	   

	
	 Name:

	
	 Title:

  
 153 

 PART 6 

Lock-Up Letter from KBS SOR Properties, LLC 

2 November 2017 
 DBS Bank Ltd. (DBS)

 12 Marina Boulevard Level 46 
 DBS Asia
Central @ Marina Bay Financial Centre 
 Singapore 018982 

Merrill Lynch (Singapore) Pte. Ltd. (BAML) 
 50 Collyer Quay

 #14-01, OUE Bayfront 
 Singapore 049321

 Citigroup Global Markets Singapore Pte Ltd (Citi) 
 8
Marina View 
 #21-00 Asia Square Tower 1 

Singapore 018960 
 Credit Suisse (Singapore) Limited (CS) 

One Raffles Link 
 #03/#04-01 South Lobby 

Singapore 039393 
 (DBS, BAML, Citi, and CS, the Joint Bookrunners
and Underwriters) 
 Dear Sirs: 
 Keppel-KBS US REIT (KORE) 
 Offering of Units (as defined below) in the initial public offering by KORE (the Offering)

  

	58.	 KBS SOR Properties, LLC (KBS Properties) wishes to restrict its right to deal in the units in KORE (Units)
in which it legally and/or beneficially, directly and/or indirectly, owns or will own as of the date hereof and on the Listing Date (as defined below) (the Lock-up Units), in accordance with the terms
of this undertaking. 

  

	59.	 In consideration of the Joint Bookrunners and Underwriters executing the underwriting agreement dated 2 November
2017 between the Joint Bookrunners and Underwriters, Keppel-KBS US REIT Management Pte. Ltd., as manager of KORE, KBS Pacific Advisors Pte. Ltd., Keppel Capital Holdings Pte. Ltd., GKP Holding LLC, KBS
Properties and Keppel Capital Investment Holdings Pte. Ltd. in connection with the Offering, KBS Properties undertakes to the Joint Bookrunners and Underwriters that it will not, subject to the exceptions set out in paragraph 4 below, during the
period commencing from the date hereof until the date falling 6 months after the date of admission of KORE to the Official List of the SGX-ST (the Listing Date) (both dates inclusive) (the First Lock-up Period), directly or indirectly: 

  
 154 

	 	(a)	 offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell,
grant any option, right or warrant to purchase, lend, hypothecate, grant security over, encumber or otherwise dispose of or transfer, any or all of its effective interest in the Lock-up Units (including any
interests or securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to subscribe for or purchase any such Lock-up Units);

  

	 	(b)	 enter into any swap, hedge or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of the Lock-up Units (including any securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to
subscribe for or purchase any such Lock-up Units); 

  

	 	(c)	 enter into any transaction (including a derivative transaction) or other arrangement with a similar economic effect to
the foregoing sub-paragraph (a) or (b); 

  

	 	(d)	 deposit any of its effective interest in the Lock-up Units (including any
securities convertible into or exercisable or exchangeable for any Lock-up Units or which carry rights to subscribe for or purchase any such Lock-up Units) in any
depository receipt facility; 

  

	 	(e)	 enter into a transaction which is designed or which may reasonably be expected to result in any of the above; or

  

	 	(f)	 publicly announce any intention to do any of the above, 

whether any such transaction described in sub-paragraphs (a) to (e) above is to be settled by delivery of such capital or
securities, in cash or otherwise (whether or not such transaction will be completed within or after the First Lock-up Period or the Second Lock-up Period (as defined
below) as applicable). 
  

	60.	 KBS Properties further undertakes to the Joint Bookrunners and Underwriters that the restrictions in paragraph 2 above
will apply in respect of its effective interest in 50.0% of the Lock-up Units (adjusted for any bonus issue or subdivision) during the period commencing from the day immediately following the First Lock-up Period until the date falling 12 months after the Listing Date (the Second Lock-up Period). 

 

	61.	 The restrictions in paragraphs 2 and 3 above do not apply to prohibit KBS Properties from: 

 

	 	(a)	 being able to create a charge over the Lock-up Units or otherwise grant of
security over or creation of any encumbrance over the Lock-up Units, provided that such charge, security or encumbrance (i) cannot be enforced over any Lock-up
Units during the First Lock-up Period, and (ii) can only be enforced with respect to 50.0% of the effective interest in the Lock-up Units during the Second Lock-up Period. The charge, security or encumbrance will only be created if the chargee (such as a bank or financial institution) agrees that the charge, security or encumbrance over the Lock-up Units cannot be enforced over 100.0% of the Lock-up Units during the First Lock-up Period and can only be enforced in relation
to 50.0% of the effective interest in the Lock-up Units during the Second Lock-up Period; 

  
 155 

	 	(b)	 entering into the Unit Lending Agreement with the Joint Bookrunners and Underwriters or any sale or transfer of the Lock-up Units by KBS Properties pursuant to the exercise of the Over-Allotment Option, provided that the restrictions in paragraphs 2 and 3 above will apply to the Units returned to KBS Properties pursuant to the
Unit Lending Agreement; and 

  

	 	(c)	 being able to transfer the Lock-up Units to and between KBS Strategic
Opportunity REIT, INC., (KBS SOR) or any direct or indirect wholly-owned subsidiaries of KBS SOR, provided that KBS SOR shall, during the First Lock-up Period, maintain a direct or indirect interest in
100.0% of the Lock-up Units and, during the Second Lock-up Period, maintain a direct or indirect interest in 50.0% of the Lock-up
Units and KBS SOR has procured that such transferee subsidiaries have executed and delivered to the Joint Bookrunners and Underwriters undertakings to the effect that such transferee subsidiaries will comply with the restrictions in paragraphs 2 and
3 above so as to enable KBS Properties to comply with the foregoing restrictions for the unexpired period of the First Lock-up Period and the Second Lock-up Period.

  

	62.	 If, for any reason, the Listing Date does not take place within six months of the date of the prospectus of KORE dated
2 November 2017 (the Prospectus), this undertaking shall be terminated. 

  

	63.	 This undertaking and all matters arising from or connected with it are governed by, and shall be construed in accordance
with, Singapore law. The courts of Singapore are to have jurisdiction to settle any disputes which may arise out of or in connection with this undertaking and accordingly any legal action or proceedings arising out of or in connection with this
undertaking (Proceedings) may be brought in such courts. KBS Properties irrevocably submits to the jurisdiction of such courts and waives any objection to Proceedings in such courts whether on the ground of venue or on the ground that the
Proceedings have been brought in an inconvenient forum. This submission is made for the benefit of each of the Joint Bookrunners and Underwriters and shall not limit the right of any of them to take Proceedings in any other court of competent
jurisdiction. The taking of Proceedings in any other court of competent jurisdiction, or the taking of Proceedings in one or more jurisdictions, by any of the Joint Bookrunners and Underwriters shall not preclude the taking of Proceedings, by any of
the Joint Bookrunners and Underwriters in any other jurisdiction (whether concurrently or not). 

  

	64.	 KBS Properties hereby irrevocably appoints KBS Pacific Advisors Pte. Ltd. of 60 Paya Lebar Road, #11-06, Paya Lebar Square, Singapore 409051 as agent to accept service of process in Singapore in any legal action or proceedings arising out of this undertaking, service upon whom will be deemed completed whether
or not forwarded to or received by KBS Properties. KBS Properties will inform the Joint Bookrunners and Underwriters, in writing, of any change in the address of the process agent of KBS Properties and such change in address will not be effective
until such notice is received by the Joint Bookrunners and Underwriters. Such service will be deemed to be completed on delivery to the process agent (whether or not it is forwarded to and received by KBS Properties). If such process agent ceases to
be able to act as such or to have an address in Singapore, KBS Properties irrevocably agrees to immediately appoint a new process agent in Singapore acceptable to the Joint Bookrunners and Underwriters and to deliver to the Joint Bookrunners and
Underwriters within 14 days a copy of a written acceptance of appointment by the process agent. Nothing in this undertaking will affect the right to serve process in any other manner permitted by law. 

  
 156 

	65.	 This undertaking is given in favour of the Joint Bookrunners and Underwriters severally, and accordingly, may be
enforced by any of the Joint Bookrunners and Underwriters without having to join the other party to such enforcement proceedings. Without prejudice to any other rights or remedies which the Joint Bookrunners and Underwriters may have, we acknowledge
and agree that damages may not be an adequate remedy for any breach of this undertaking and the Joint Bookrunners and Underwriters shall be entitled to seek remedies of injunction, specific performance and other equitable relief for any threatened
or actual breach of this undertaking. 

  

	66.	 A person who is not a party to this undertaking shall have no right under the Contracts (Rights of Third Parties) Act,
Chapter 53B of Singapore, to enforce any term of this undertaking. 

  

	67.	 This undertaking may be executed in any number of counterparts each of which when executed and delivered (whether in
original or facsimile) shall be an original, but all the counterparts together shall constitute one and the same instrument. 

  

	68.	 Capitalized terms used but not otherwise defined herein shall have the meaning given to those terms in the Prospectus.

  
 157 

 For and behalf of 
 KBS SOR
PROPERTIES, LLC 

	
	
	 
	
	 Name:

	
	 Title:

  
 158 

 Acknowledged and accepted: 

For and on behalf of 
 DBS Bank Ltd. 

	
	
	   

	
	 Name:

	
	 Title:

  
 159 

 For and on behalf of 

Citigroup Global Markets Singapore Pte Ltd 

	
	
	   

	
	 Name:

	
	 Title:

  
 160 

 For and on behalf of 

Credit Suisse (Singapore) Limited 

	
	
	   

	
	 Name:

	
	 Title:

	
	   

	
	 Name:

	
	 Title:

  
 161 

 For and on behalf of 

Merrill Lynch (Singapore) Pte. Ltd. 

	
	
	   

	
	 Name:

	
	 Title:

  
 162 

 Lock-Up Letter from the Manager 

2 November 2017 
 DBS Bank Ltd. (DBS) 

12 Marina Boulevard Level 46 
 DBS Asia Central @ Marina Bay Financial Centre

 Singapore 018982 
 Merrill Lynch (Singapore) Pte. Ltd.
(BAML) 
 50 Collyer Quay 
 #14-01,
OUE Bayfront 
 Singapore 049321 
 Citigroup Global Markets
Singapore Pte Ltd (Citi) 
 8 Marina View 

#21-00 Asia Square Tower 1 
 Singapore 018960

 Credit Suisse (Singapore) Limited (CS) 
 One Raffles Link

 #03/#04-01 South Lobby 
 Singapore 039393

 (DBS, BAML, Citi, and CS, the Joint Bookrunners and Underwriters) 

Dear Sirs: 
 Keppel-KBS
US REIT (KORE) 
 Offering of Units (as defined below) in the initial public offering by KORE (the Offering) 

 

	69.	 Keppel-KBS US REIT Management Pte. Ltd., as manager of KORE (the Manager)
wishes to restrict its right to deal in the units in KORE (Units) which are in issue from time to time in accordance with the terms of this undertaking. 

 

	70.	 In consideration of the Joint Bookrunners and Underwriters executing the underwriting agreement dated 2 November
2017 between the Joint Bookrunners and Underwriters, the Manager, KBS Pacific Advisors Pte. Ltd., Keppel Capital Holdings Pte. Ltd., GKP Holding LLC, KBS SOR Properties, LLC and Keppel Capital Investment Holdings Pte. Ltd. in connection with the
Offering, the Manager undertakes to the Joint Bookrunners and Underwriters that it will not, subject to the exceptions set out in paragraph 3 below, during the period commencing from the date hereof until the date falling 6 months after the date of
admission of KORE to the Official List of the SGX-ST (the Listing Date) (both dates inclusive) (the First Lock-up Period), directly or indirectly:

  

	 	(a)	 allot, issue, offer, pledge, sell, contract to issue or sell, sell any option or contract to subscribe or purchase,
purchase any option or contract to issue or sell, grant any option, right or warrant to subscribe, purchase, lend, hypothecate, grant security over, encumber or otherwise dispose of any Units (or any securities convertible into or exercisable or
exchangeable for any Units or which carry rights to subscribe for or purchase any Units); 

  
 163 

	 	(b)	 enter into any swap, hedge or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of ownership of any Units or any other securities of KORE or any of its subsidiaries or any interest in any of the foregoing (including any securities convertible into or exercisable or exchangeable for any Units or which carry rights
to subscribe for or purchase Units or any other securities of KORE or any of its subsidiaries); 

  

	 	(c)	 enter into any transaction (including a derivative transaction) or other arrangement with a similar economic effect to
the foregoing sub-paragraph (a) or (b); 

  

	 	(d)	 deposit any Units (including any securities convertible into or exercisable or exchangeable for any Units or which carry
rights to subscribe for or purchase any Units) in any depository receipt facility; 

  

	 	(e)	 enter into a transaction which is designed or which may reasonably be expected to result in any of the above; or

  

	 	(f)	 publicly announce any intention to do any of the above, 

whether any such transaction described in sub-paragraphs (a) to (e) above is to be settled by delivery of such capital or
securities, in cash or otherwise (whether or not such transaction will be completed within or after the First Lock-up Period). 
  

	71.	 The restrictions described in paragraph 2 above do not apply to the issuance of (i) the Offering Units,
(ii) the Lock-up Units, (iii) the Cornerstone Units, (iv) the Relevant Entities Subscription Units, and (v) Units to the Manager in payment of any fees payable to the Manager under the
Trust Deed, or the sale of Units issued to the Manager in payment of any fees payable to the Manager under the Trust Deed. 

  

	72.	 If, for any reason, the Listing Date does not take place within six months of the date of the prospectus of KORE dated
2 November 2017 (the Prospectus), this undertaking shall be terminated. 

  

	73.	 This undertaking and all matters arising from or connected with it are governed by, and shall be construed in accordance
with, Singapore law. The courts of Singapore are to have jurisdiction to settle any disputes which may arise out of or in connection with this undertaking and accordingly any legal action or proceedings arising out of or in connection with this
undertaking (Proceedings) may be brought in such courts. The Manager irrevocably submits to the jurisdiction of such courts and waives any objection to Proceedings in such courts whether on the ground of venue or on the ground that the
Proceedings have been brought in an inconvenient forum. This submission is made for the benefit of each of the Joint Bookrunners and Underwriters and shall not limit the right of any of them to take Proceedings in any other court of competent
jurisdiction. The taking of Proceedings in any other court of competent jurisdiction, or the taking of Proceedings in one or more jurisdictions, by any of the Joint Bookrunners and Underwriters shall not preclude the taking of Proceedings, by any of
the Joint Bookrunners and Underwriters in any other jurisdiction (whether concurrently or not). 

  

	74.	 This undertaking is given in favour of the Joint Bookrunners and Underwriters severally, and accordingly, may be
enforced by any of the Joint Bookrunners and Underwriters without having to join the other party to such enforcement proceedings. Without 

  
 164 

	 	 
prejudice to any other rights or remedies which the Joint Bookrunners and Underwriters may have, we acknowledge and agree that damages may not be an adequate remedy for any breach of this
undertaking and the Joint Bookrunners and Underwriters shall be entitled to seek remedies of injunction, specific performance and other equitable relief for any threatened or actual breach of this undertaking. 

 

	75.	 A person who is not a party to this undertaking shall have no right under the Contracts (Rights of Third Parties) Act,
Chapter 53B of Singapore, to enforce any term of this undertaking. 

  

	76.	 This undertaking may be executed in any number of counterparts each of which when executed and delivered (whether in
original or facsimile) shall be an original, but all the counterparts together shall constitute one and the same instrument. 

  

	77.	 Capitalized terms used but not otherwise defined herein shall have the meaning given to those terms in the Prospectus.

  
 165 

 For and behalf of 
 KEPPEL-KBS US REIT MANAGEMENT PTE. LTD. 
 (as manager of Keppel-KBS US
REIT) 
 .................................................. 

Name: 
 Title: 

  
 166 

 Acknowledged and accepted: 
  

For and on behalf of 
 DBS Bank Ltd. 

 
  

                         
                            

Name: 
 Title: 

  
 167 

 For and on behalf of 

Citigroup Global Markets Singapore Pte Ltd 
  

 
  

                         
                            

Name: 
 Title: 

  
 168 

 For and on behalf of 

Credit Suisse (Singapore) Limited 
  

 

                         
                            

Name: 
 Title: 

 
  

                         
                            

Name: 
 Title: 

  
 169 

 For and on behalf of 

Merrill Lynch (Singapore) Pte. Ltd. 
  

 

                         
                            

Name: 
 Title: 

  
 170 

 SCHEDULE 3 

FORM OF MANAGER CERTIFICATE 
 (Clauses
7.3(a)(viii) / 7.4(a)(iv)) 
 [●] 2017 

DBS Bank Ltd. (DBS) 
 12 Marina Boulevard
Level 46 
 DBS Asia Central @ Marina Bay Financial Centre 

Singapore 018982 
 Merrill Lynch (Singapore) Pte.
Ltd. (BAML) 
 50 Collyer Quay 
 #14-01, OUE Bayfront 
 Singapore 049321 

Citigroup Global Markets Singapore Pte. Ltd. (Citi) 

8 Marina View 

#21-00 Asia Square Tower 1 

Singapore 018960 
 Credit Suisse (Singapore) Limited
(CS) 
 One Raffles Link 
 #03/#04-01 South Lobby 
 Singapore 039393 

(DBS, BAML, Citi and CS, as the Joint Bookrunners and Underwriters under the Underwriting Agreement dated 2 November 2017 relating to the Offering
(the Underwriting Agreement). 
 Dear Sirs 

Offering of Units in the initial public offering by Keppel-KBS US REIT 

I, the undersigned, being a duly authorised officer of Keppel-KBS US REIT Management Pte. Ltd., as manager of Keppel-KBS US REIT (the Manager), hereby certify on behalf of the Manager, without personal liability to me, that: 
  

	(a)	 each of the conditions set out in Clause 7.3/7.4* of the Underwriting Agreement have been satisfied;

  

	(b)	 there has not been any material adverse change or development involving a prospective material adverse change, in or
affecting (a) the financial condition, prospects, earnings, business, results of operations or assets of Keppel-KBS US REIT, its subsidiaries or on the Properties, in each case taken as a whole, whether
or not arising in the ordinary course of business, or (b) the ability of Keppel-KBS REIT, the Manager or any of the Trust Group Entities to perform in any material respect its obligations under or with
respect to, or to consummate the transactions contemplated by the Underwriting Agreement, the Transaction Documents, the Preliminary Prospectus and the Prospectus, in each case of (a) and (b), since the date of the Underwriting Agreement or
from that set out in the Preliminary Prospectus and the Prospectus; 

  
 171 

	(c)	 the representations and warranties contained in Clause 3.1 of the Underwriting Agreement are true and correct, as at the
date of this certificate in respect of the facts and circumstances existing as at today; and 

  

	(d)	 the Manager has complied with all of its obligations under the Underwriting Agreement and satisfied all the conditions
on its part to be performed or satisfied under the Underwriting Agreement at or prior to the date hereof. 

 References to Clauses
are to Clauses of the Underwriting Agreement. Unless the context otherwise requires, words and expressions uses shall have the meaning ascribed to them in the Underwriting Agreement. 

This certificate is delivered to you pursuant to Clause 7.3(a)(vii)/7.4(a)(iv)* of the Underwriting Agreement. 

Yours faithfully 

.................................................. 

Name: 
 Designation: 

for and on behalf of 

Keppel-KBS US REIT Management Pte. Ltd. 

(as manager of Keppel-KBS US REIT) 

* to delete 

  
 172 

 SCHEDULE 4 

FORM OF SPONSOR CERTIFICATE 
 (Clause
7.3(a)(ix)/7.4(a)(v)) 
 Closing Certificate from [KPA / KC] 

[●] 2017 

DBS Bank Ltd. (DBS) 
 12 Marina Boulevard
Level 46 
 DBS Asia Central @ Marina Bay Financial Centre 

Singapore 018982 
 Merrill Lynch (Singapore) Pte.
Ltd. (BAML) 
 50 Collyer Quay 
 #14-01, OUE Bayfront 
 Singapore 049321 

Citigroup Global Markets Singapore Pte. Ltd. (Citi)) 

8 Marina View 

#21-00 Asia Square Tower 1 

Singapore 018960 
 Credit Suisse (Singapore) Limited
(CS) 
 One Raffles Link 
 #03/#04-01 South Lobby 
 Singapore 039393 

(DBS, BAML, Citi and CS, as the Joint Bookrunners and Underwriters under the Underwriting Agreement dated 2 November 2017 relating to the Offering
(the Underwriting Agreement). 
 Dear Sirs 

Offering of Units in the initial public offering by Keppel-KBS US REIT ( 

I, the undersigned, being a duly authorised officer of [KBS Pacific Advisors Pte. Ltd. / Keppel Capital Holdings Pte Ltd], hereby certify on behalf of
[KBS Pacific Advisors Pte. Ltd. / Keppel Capital Holdings Pte Ltd] and its subsidiaries, without personal liability to me, that: 
  

	(a)	 each of the conditions set out in Clause 7.3/7.4* of the Underwriting Agreement have been satisfied;

  

	(b)	 there has not been any material adverse change or development involving a prospective material adverse change, in or
affecting (a) the financial condition, prospects, earnings, business, results of operations or assets of Keppel-KBS US REIT, its subsidiaries or on the Properties, in each case taken as a whole, whether
or not arising in the ordinary course of business, or (b) the ability of [KBS Pacific Advisors Pte. Ltd. / Keppel Capital Holdings Pte Ltd] to perform in any material respect its obligations under or with respect to, or to consummate the
transactions contemplated by the Underwriting Agreement, the Transaction Documents, the Preliminary Prospectus and the Prospectus, in each case of (a) and (b), since the 

  
 173 

	 	 
date of the Underwriting Agreement or from that set out in the Preliminary Prospectus and the Prospectus; 

 

	(c)	 the representations and warranties contained in Clause 3.2 of the Underwriting Agreement are true and correct, as at the
date of this certificate in respect of the facts and circumstances existing as at today; and 

  

	(d)	 [KBS Pacific Advisors Pte. Ltd. / Keppel Capital Holdings Pte Ltd] has performed all of its obligations under the
Underwriting Agreement and satisfied all the conditions on its part to be performed or satisfied under the Underwriting Agreement at or prior to the date hereof. 

References to Clauses are to Clauses of the Underwriting Agreement. Unless the context otherwise requires, words and expressions uses shall have the
meaning ascribed to them in the Underwriting Agreement. 
 This certificate is delivered to you pursuant to Clause 7.3(a)(viii)/7.4(a)(v)* of the
Underwriting Agreement. 
 Yours faithfully 

.................................................. 

Name: 
 Designation: 

for and on behalf of 
 [KBS Pacific Advisors Pte. Ltd. / Keppel
Capital Holdings Pte Ltd] 
 * to delete 

  
 174 

 SCHEDULE 5 

FORM OF UNIT LENDER CERTIFICATE 
 (Clause
7.4(a)(vi)) 
 Closing Certificate from [KBS SORP / KCIH] 

[●] 2017 

DBS Bank Ltd. (DBS) 
 12 Marina Boulevard
Level 46 
 DBS Asia Central @ Marina Bay Financial Centre 

Singapore 018982 
 Merrill Lynch (Singapore) Pte.
Ltd. (BAML) 
 50 Collyer Quay 
 #14-01, OUE Bayfront 
 Singapore 049321 

Citgroup Global Markets Singapore Pte. Ltd. (Citi) 

8 Marina View 

#21-00 Asia Square Tower 1 

Singapore 018960 
 Credit Suisse (Singapore) Limited
(CS) 
 One Raffles Link 
 #03/#04-01 South Lobby 
 Singapore 039393 

(DBS, BAML, Citi and CS, as the Joint Bookrunners and Underwriters under the Underwriting Agreement dated 2 November 2017 relating to the Offering
(the Underwriting Agreement). 
 Dear Sirs 

Offering of Units in the initial public offering by Keppel-KBS US REIT 

I, the undersigned, being a duly authorised officer of [KBS SOR Properties, LLC / Keppel Capital Investment Holdings Pte. Ltd.], hereby certify on
behalf of [KBS SOR Properties, LLC / Keppel Capital Investment Holdings Pte. Ltd.] and its subsidiaries, without personal liability to me, that: 
  

	(e)	 each of the conditions set out in Clause 7.4 of the Underwriting Agreement have been satisfied; 

 

	(f)	 there has not been any material adverse change or development involving a prospective material adverse change, in or
affecting (a) the financial condition, prospects, earnings, business, results of operations or assets of Keppel-KBS US REIT, its subsidiaries or on the Properties, in each case taken as a whole, whether
or not arising in the ordinary course of business, or (b) the ability of [KBS SOR Properties, LLC / Keppel Capital Investment Holdings Pte. Ltd.] to perform in any material respect its obligations under or with respect to, or to consummate the
transactions contemplated by the Underwriting Agreement, the Transaction 

  
 175 

	 	 
Documents, the Preliminary Prospectus and the Prospectus, in each case of (a) and (b), since the date of the Underwriting Agreement or from that set out in the Preliminary Prospectus and the
Prospectus; 

  

	(g)	 the representations and warranties contained in Clause 3.3 of the Underwriting Agreement are true and correct, as at the
date of this certificate in respect of the facts and circumstances existing as at today; and 

  

	(h)	 [KBS SOR Properties, LLC / Keppel Capital Investment Holdings Pte. Ltd.] has performed all of its obligations under the
Underwriting Agreement and satisfied all the conditions on its part to be performed or satisfied under the Underwriting Agreement at or prior to the date hereof. 

References to Clauses are to Clauses of the Underwriting Agreement. Unless the context otherwise requires, words and expressions uses shall have the
meaning ascribed to them in the Underwriting Agreement. This certificate is delivered to you pursuant to Clause 7.4 of the Underwriting Agreement. 

Yours faithfully 

.............................................. 

Name: 
 Designation: 

for and on behalf of 
 [KBS SOR Properties, LLC / Keppel Capital
Investment Holdings Pte. Ltd.] 

  
 176 

 SCHEDULE 6 

FORM OF STABILISING MANAGER APPOINTMENT LETTER 

[●] 2017 
  

			
	 To:
	  	 Singapore Exchange Securities Trading Limited

11 North Buona Vista Drive,
 #06-07 The Metropolis Tower 2
 Singapore 138589

		
	 Attention:
	  	 Ms Frieda Choong / Ms Melissa Giang / Ms Charlotte Wong

(IPO Admissions)

 Dear Sirs, 
 INITIAL PUBLIC
OFFERING OF KEPPEL-KBS US REIT 
 We refer to the offering (the Offering) in respect of units in Keppel-KBS US REIT and the Over-Allotment Option granted to DBS Bank Ltd., Merrill Lynch (Singapore) Pte. Ltd. (BAML), Citigroup Global Markets Singapore Pte. Ltd. and Credit Suisse (Singapore) Limited and,
exercisable by BAML as described in the Prospectus dated 2 November 2017. 
 We hereby inform you pursuant to the Securities and Futures (Market
Conduct) (Exemptions) Regulations 2006 (the Regulations) that we have designated [● name of Stabilising Manager] to be the stabilising manager for the purposes of carrying
out stabilising action in connection with the Offering pursuant to the Regulations. 
 Yours faithfully 

for and on behalf of 

Keppel-KBS US REIT Management Pte. Ltd. 

(as manager of Keppel-KBS US REIT) 
  

                         
                            

Name: 
 Title: 

  
 177 

 SCHEDULE 7 

NOTICE OF EXERCISE OF OVER ALLOTMENT OPTION 
 KBS SOR
Properties, LLC (KBS SORP) 
 800 Newport Center drive, suite 700 

Newport Beach, CA 92660 

Fax:                
[●] 
 Attention:        [●] 
 Keppel Capital Investment Holdings Pte. Ltd. 

(KCIH, and together with KBS SORP, the Unit Leaders) 

1 Harbourfront Avenue 

#18-01, Keppel Bay Tower 

Singapore 098632 

Fax:                
[●] 
 Attention:        [●] 
 With a copy to: 

Keppel-KBS US REIT Management Pte. Ltd. 

(as manager of Keppel-KBS US REIT) (the Manager) 

230 Victoria Street 

#05-08 Bugis Junction Towers 

Singapore 188024 

Fax:                
[●] 
 Attention:        [●] 
 Ladies and Gentlemen: 

Reference is made to the Underwriting Agreement dated 2 November 2017 entered into between the Manager, KBS Pacific Advisors Pte. Ltd., Keppel
Capital Holdings Pte Ltd, GKP Holding LLC, the Units Lenders and each of DBS Bank Ltd., Merrill Lynch (Singapore) Pte. Ltd., Citigroup Global Markets Singapore Pte. Ltd. and Credit Suisse (Singapore) Limited as Joint Bookrunners and Underwriters
(the Underwriting Agreement), with respect to the subscription of units in Keppel-KBS US REIT (the Units) pursuant to the Underwriting Agreement. Terms not otherwise defined in this letter shall
have the meaning given in the Underwriting Agreement. 
 This letter is being delivered to you pursuant to Clause 2.3 of the Underwriting Agreement
whereby the Unit Lenders have granted an option to the Joint Bookrunners and Underwriters to purchase from the Unit Lenders, any proportion between them as may be determined by the Stabilising Manager in consultation with the other Joint Bookrunners
and Underwriters up to an aggregate of 31,428,000 Over-Allotment Units. 
 The undersigned hereby exercises its option pursuant to Clause 2.3 of the
Underwriting Agreement to purchase: 
  

	(i)	 [●] Over-Allotment Units from KCIH; and 

  
 178 

	(i)	 [●] Over-Allotment Units from KBS SORP, 

on the terms and subject to the conditions of Clause 2.3 of the Underwriting Agreement, solely for the purpose of covering the over allotment of Units
in the offering and sale of Units pursuant to the Public Offer and the Placement Tranche. 
 The Closing Date in respect of the above-mentioned
purchase of Over-Allotment Units shall be [●] 2017. 
 Very truly yours, 

[●] 

By: 

  
 179 

 SCHEDULE 8 

FORM OF TITLE INSURANCE POLICIES 

  
 180 

			
	 

	  	

  

			
	 

        
  

Owner’s Policy
	  	
Owner’s Policy of Title Insurance
 ISSUED
BY
 First American Title Insurance Company

POLICY NUMBER

5011453-762885-12

 Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given
to the Company at the address shown in Section 18 of the Conditions. 
 COVERED RISKS 

SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B, AND THE CONDITIONS, FIRST AMERICAN TITLE INSURANCE
COMPANY, a Nebraska corporation (the “Company”) insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or
incurred by the Insured by reason of: 
  

	 	1.	 Title being vested other than as stated in Schedule A. 

	 	2.	 Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against
loss from 

	 	(a)	 A defect in the Title caused by 

	 	(i)	 forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; 

	 	(ii)	 failure of any person or Entity to have authorized a transfer or conveyance; 

	 	(iii)	 a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered;

	 	(iv)	 failure to perform those acts necessary to create a document by electronic means authorized by law;

	 	(v)	 a document executed under a falsified, expired, or otherwise invalid power of attorney; 

	 	(vi)	 a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by
electronic means authorized by law; or 

	 	(vii)	 a defective judicial or administrative proceeding. 

	 	(b)	 The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid.

	 	(c)	 Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed
by an accurate and complete land survey of the Land. The term “encroachment” includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on
adjoining land. 

	 	3.	 Unmarketable Title. 

	 	4.	 No right of access to and from the Land. 

(Covered Risks Continued on Page 2) 
  

 
  

In Witness Whereof, First American Title Insurance Company has caused its corporate name to be hereunto affixed by its authorized officers as of Date of Policy shown in
Schedule A. 
     First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

 

			
	(This Policy is valid only when Schedules A and B are attached)	  	This Jacket was created electronically and constitutes an original document

 Copyright 2006-2009 American Land Title Association. All rights reserved. The use of this form is restricted to ALTA licensees and
ALTA members in good standing as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association 

  

					
	
Form 5011453 (7-1-14)                
	 	
Page 1 of 23                     
   
	  	
ALTA Owner’s Policy of Title Insurance (6-17-06)

Washington

  

			
	 

	  	

			
	 

	  	

  

 COVERED RISKS (Continued) 

 

	 	5.	 The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to
building and zoning) restricting, regulating, prohibiting, or relating to 

	 	(a)	 the occupancy, use, or enjoyment of the Land; 

	 	(b)	 the character, dimensions, or location of any improvement erected on the Land; 

	 	(c)	 the subdivision of land; or 

	 	(d)	 environmental protection 

if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but
only to the extent of the violation or enforcement referred to in that notice. 

	 	6.	 An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of
the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 

	 	7.	 The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in
the Public Records. 

	 	8.	 Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without
Knowledge. 

	 	9.	 Title being vested other than as stated in Schedule A or being defective 

	 	(a)	 as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of
all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state
insolvency, or similar creditors’ rights laws; or 

	 	(b)	 because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal
bankruptcy, state insolvency, or similar creditors’ rights laws by reason of the failure of its recording in the Public Records 

	 	(i)	 to be timely, or 

	 	(ii)	 to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 

	 	10.	 Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been
created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.

 The Company will also pay the costs, attorneys’ fees, and expenses incurred in defense of any matter insured
against by this Policy, but only to the extent provided in the Conditions. 
 EXCLUSIONS FROM COVERAGE 

 

 The following matters are expressly excluded from the coverage of this policy, and the Company will not pay
loss or damage, costs, attorneys’ fees, or expenses that arise by reason of: 

	1.    (a)	 Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting,
regulating, prohibiting, or relating to 

	 	(i)	 the occupancy, use, or enjoyment of the Land; 

	 	(ii)	 the character, dimensions, or location of any improvement erected on the Land; 

	 	(iii)	 the subdivision of land; or 

	 	(iv)	 environmental protection; 

or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the
coverage provided under Covered Risk 5. 

	 	(b)	 Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6.

	2.	 Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.

	3.	 Defects, liens, encumbrances, adverse claims, or other matters 

	 	(a)	 created, suffered, assumed, or agreed to by the Insured Claimant; 

	 	(b)	 not Known to the Company, not recorded in the Public

	 	 
Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under
this policy; 

	 	(c)	 resulting in no loss or damage to the Insured Claimant; 

	 	(d)	 attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under
Covered Risk 9 and 10); or 

	 	(e)	 resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title.

	4.	 Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws,
that the transaction vesting the Title as shown in Schedule A, is 

	 	(a)	 a fraudulent conveyance or fraudulent transfer; or 

	 	(b)	 a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 

	5.	 Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching
between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.

 

  

					
	
Form 5011453 (7-1-14)                
	 	
Page 2 of 23                     
   
	  	
ALTA Owner’s Policy of Title Insurance (6-17-06)

Washington

  

			
	 

	  	

			
	 

	  	

  

 CONDITIONS 

 

	1.	 DEFINITION OF TERMS 

The following terms when used in this policy mean: 

	 	(a)	 “Amount of Insurance”: The amount stated in Schedule A, as may be increased or decreased by endorsement to this
policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. 

	 	(b)	 “Date of Policy”: The date designated as “Date of Policy” in Schedule A. 

	 	(c)	 “Entity”: A corporation, partnership, trust, limited liability company, or other similar legal entity.

	 	(d)	 “Insured”: The Insured named in Schedule A. 

	 	(i)	 The term “Insured” also includes 

	 	(A)	 successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees,
survivors, personal representatives, or next of kin; 

	 	(B)	 successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization; 

	 	(C)	 successors to an Insured by its conversion to another kind of Entity; 

	 	(D)	 a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title

	 	(1)	 if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured,

	 	(2)	 if the grantee wholly owns the named Insured, 

	 	(3)	 if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named
Insured are both wholly-owned by the same person or Entity, or 

	 	(4)	 if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named in
Schedule A for estate planning purposes. 

	 	(ii)	 With regard to (A), (B), (C), and (D) reserving, however, all rights and defenses as to any successor that the
Company would have had against any predecessor Insured. 

	 	(e)	 “Insured Claimant”: An Insured claiming loss or damage. 

	 	(f)	 “Knowledge” or “Known”: Actual knowledge, not constructive knowledge or notice that may be imputed to
an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. 

	 	(g)	 “Land”: The land described in Schedule A, and affixed improvements that by law constitute real property. The
term “Land” does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not
modify or limit the extent that a right of access to and from the Land is insured by this policy. 

	 	(h)	 “Mortgage”: Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by
electronic means authorized by law. 

	 	(i)	 “Public Records”: Records established under state statutes at Date of Policy for the purpose of imparting
constructive

	 	 
notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), “Public Records” shall also include environmental
protection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. 

	 	(j)	 “Title”: The estate or interest described in Schedule A. 

	 	(k)	 “Unmarketable Title”: Title affected by an alleged or apparent matter that would permit a prospective purchaser
or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 

	2.	 CONTINUATION OF INSURANCE 

The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured retains
an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the
Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 

	3.	 NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT 

The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these
Conditions, (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy,
or (iii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company’s liability to the Insured Claimant under the policy shall be
reduced to the extent of the prejudice. 

	4.	 PROOF OF LOSS 

In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of
payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the
extent possible, the basis of calculating the amount of the loss or damage. 

	5.	 DEFENSE AND PROSECUTION OF ACTIONS 

	 	(a)	 Upon written request by the Insured, and subject to the options contained in Section 7 of these Conditions, the
Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those
stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those
stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs, or expenses incurred by the Insured in the defense of those causes of action that allege matters not
insured against by this policy. 

 

  

					
	
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Washington

  

			
	 

	  	

			
	 

	  	

  

 CONDITIONS (Continued) 

 

	 	(b)	 The Company shall have the right, in addition to the options contained in Section 7 of these Conditions, at its own
cost, to institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any
appropriate action under the terms of this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights
under this subsection, it must do so diligently. 

	 	(c)	 Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may
pursue the litigation to a final determination by a court of competent jurisdiction, and it expressly reserves the right, in its sole discretion, to appeal any adverse judgment or order. 

	6.	 DUTY OF INSURED CLAIMANT TO COOPERATE 

	 	(a)	 In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or
proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by
the Company, the Insured, at the Company’s expense, shall give the Company all reasonable aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any
other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the
Company’s obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation.

	 	(b)	 The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized
representative of the Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including
books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if
requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of
a third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of
the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from
third parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim.

	7.	 OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY 

In case of a claim under this policy, the Company shall have the following additional options: 

	 	(a)	 To Pay or Tender Payment of the Amount of Insurance. To pay or tender payment of the Amount of Insurance under this
policy together with any costs, attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. Upon the exercise by the
Company of this option, all liability and obligations of the Company to the Insured under this policy, other than to make the payment required in this subsection, shall terminate, including any liability or obligation to defend, prosecute, or
continue any litigation. 

	 	(b)	 To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant. 

	 	(i)	 To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under
this policy. In addition, the Company will pay any costs, attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay; or

	 	(ii)	 To pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with any
costs, attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. 

Upon the exercise by the Company of either of the options provided for in subsections (b)(i) or (ii), the Company’s obligations to
the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. 

	8.	 DETERMINATION AND EXTENT OF LIABILITY 

This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has
suffered loss or damage by reason of matters insured against by this policy. 

	 	(a)	 The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of

	 	(i)	 the Amount of Insurance; or 

	 	(ii)	 the difference between the value of the Title as insured and the value of the Title subject to the risk insured against
by this policy. 

	 	(b)	 If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the Title,
as insured, 

	 	(i)	 the Amount of Insurance shall be increased by 10%, and 

	 	(ii)	 the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made
by the Insured Claimant or as of the date it is settled and paid. 

	 	(c)	 In addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys’
fees, and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 

 

  

					
	
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Washington

  

			
	 

	  	

			
	 

	  	

  

 CONDITIONS (Continued) 

 

	9.	 LIMITATION OF LIABILITY 

	 	(a)	 If the Company establishes the Title, or removes the alleged defect, lien, or encumbrance, or cures the lack of a right
of access to or from the Land, or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its obligations with
respect to that matter and shall not be liable for any loss or damage caused to the Insured. 

	 	(b)	 In the event of any litigation, including litigation by the Company or with the Company’s consent, the Company shall
have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. 

	 	(c)	 The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in
settling any claim or suit without the prior written consent of the Company. 

	10.	 REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY 

All payments under this policy, except payments made for costs, attorneys’ fees, and expenses, shall reduce the Amount of Insurance
by the amount of the payment. 

	11.	 LIABILITY NONCUMULATIVE 

The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken
in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured under
this policy. 

	12.	 PAYMENT OF LOSS 

When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be
made within 30 days. 

	13.	 RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT 

	 	(a)	 Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the
rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys’ fees, and expenses
paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the
name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. 

If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its
right to recover until after the Insured Claimant shall have recovered its loss. 

	 	(b)	 The Company’s right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of
insurance, or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 

	14.	 ARBITRATION 

Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title
Insurance Arbitration Rules of the American Land Title

 
Association (“Rules”). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but are
not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising out
of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured. All arbitrable matters when the Amount of Insurance is
in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may
be entered in any court of competent jurisdiction. 

	15.	 LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT 

	 	(a)	 This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract
between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. 

	 	(b)	 Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim shall be
restricted to this policy. 

	 	(c)	 Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly
incorporated by Schedule A of this policy. 

	 	(d)	 Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and
provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy, or (iv) increase the Amount of
Insurance. 

	16.	 SEVERABILITY 

In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall
be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. 

	17.	 CHOICE OF LAW; FORUM 

	 	(a)	 Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the
premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located.

 Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to
determine the validity of claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable
law. 

	 	(b)	 Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a
state or federal court within the United States of America or its territories having appropriate jurisdiction. 

	18.	 NOTICES, WHERE SENT 

Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to
the Company at First American Title Insurance Company, Attn: Claims National Intake Center, 1 First American Way; Santa Ana, CA 92707. Phone: 888-632-1642.

 

  

					
	
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Schedule A
	  	
Owner’s Policy of Title Insurance
  

ISSUED BY
 First American Title Insurance
Company
  
 POLICY NUMBER

762885-12

 Name and Address of Title Insurance Company: 

First American Title Insurance Company, 1 First American Way, Santa Ana, CA 92707. 

File No.: NCS-762885-12-SA1 

Address Reference: QBE Corporate Campus 156th         Amount of Insurance: $131,150,000.00 

Avenue, Bellevue, WA 
 Premium: $____________
                                         
             Date of Policy: Date of Recording Time of Recording 
  

	1.	 Name of Insured: 

Keppel-KBS Bellevue Technology Center, Inc., a Delaware corporation 

 

	2.	 The estate or interest in the Land that is insured by this policy is: 

Fee Simple 
  

	3.	 Title is vested in: 

Keppel-KBS Bellevue Technology Center, Inc., a Delaware corporation 

 

	4.	 The Land referred to in this policy is described as follows: 

LOTS 1 THROUGH 6, INCLUSIVE, OF UNIGARD INSURANCE COMPANY UNIGARD PARK BINDING SITE PLAN, ACCORDING TO PLAT THEREOF RECORDED IN VOLUME
198 OF PLATS, PAGES 28 THROUGH 35, INCLUSIVE, RECORDS OF KING COUNTY, WASHINGTON. 
 APN:
880300-0010-00 and 880300-0020-08 and 880300-0030-06 and 880300-0040-04 and 880300-0050-01 and 880300-0060-09 

  

					
	
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Schedule B
	  	
Owner’s Policy of Title Insurance
  

ISSUED BY
 First American Title Insurance
Company
  
 POLICY NUMBER

762885-12

 EXCEPTIONS FROM COVERAGE 

File No.: NCS-762885-12-SA1 

This policy does not insure against loss or damage, and the Company will not pay costs, attorneys’ fees, or expenses that arise by reason of: 

 

	1.	 General Taxes for the year 2017. 

							
	 	 	 	 
	 Tax Account No.:
	  	 	880300-0010-00	 	 
	 Amount Billed:
	  	$	187,921.17	 	 
	 Amount Paid:
	  	$	93,960.59	 	 
	 Amount Due:
	  	$	93,960.58	 	 
	 Assessed Land Value:
	  	$	21,547,900.00	 	 
	 Assessed Improvement Value:
	  	$	1,000.00	 	 

 (Affects Lot 1) 
  

	2.	 General Taxes for the year 2017. 

							
	 	 	 	 
	 Tax Account No.:
	  	 	880300-0020-08	 	 
	 Amount Billed:
	  	$	2,753.59	 	 
	 Amount Paid:
	  	$	1,376.80	 	 
	 Amount Due:
	  	$	1,376.79	 	 
	 Assessed Land Value:
	  	$	314,300.00	 	 
	 Assessed Improvement Value:
	  	$	0.00	 	 

 (Affects Lot 2) 
  

	3.	 General Taxes for the year 2017. 

							
	 	 	 	 
	 Tax Account No.:
	  	 	880300-0030-06	 	 
	 Amount Billed:
	  	$	452,058.36	 	 
	 Amount Paid:
	  	$	226,029.18	 	 
	 Amount Due:
	  	$	226,029.18	 	 
	 Assessed Land Value:
	  	$	17,027,700.00	 	 
	 Assessed Improvement Value:
	  	$	34,812,300.00	 	 

 (Affects Lot 3) 
  

	4.	 General Taxes for the year 2017. 

							
	 	 	 	 
	 Tax Account No.:
	  	 	880300-0040-04	 	 
	 Amount Billed:
	  	$	110,565.75	 	 
	 Amount Paid:
	  	$	55,282.88	 	 
	 Amount Due:
	  	$	55,282.87	 	 
	 Assessed Land Value:
	  	$	11,178,600.00	 	 

  

					
	
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	 Assessed Improvement Value:
	  	$	      1,499,400.00	 	 

 (Affects Lot 4) 
  

	5.	 General Taxes for the year 2017. 

							
	 	 	 	 
	 Tax Account No.:
	  	 	880300-0050-01	 	 
	 Amount Billed:
	  	$	1,325.94	 	 
	 Amount Paid:
	  	$	662.97	 	 
	 Amount Due:
	  	$	662.97	 	 
	 Assessed Land Value:
	  	$	150,700.00	 	 
	 Assessed Improvement Value:
	  	$	0.00	 	 

 (Affects Lot 5) 
  

	6.	 General Taxes for the year 2017. 

							
	 	 	 	 
	 Tax Account No.:
	  	 	880300-0060-09	 	 
	 Amount Billed:
	  	$	1,437.65	 	 
	 Amount Paid:
	  	$	718.83	 	 
	 Amount Due:
	  	$	718.82	 	 
	 Assessed Land Value:
	  	$	163,500.00	 	 
	 Assessed Improvement Value:
	  	$	0.00	 	 

 (Affects Lot 6) 
  

	7.	 This item has been intentionally deleted. 

 

	8.	Potential charges, for the King County Sewage Treatment Capacity Charge, as authorized under RCW 35.58 and King County Code 28.84.050. Said charges could apply for any property that connected to the King County Sewer
Service area on or after February 1, 1990. None due and payable. 

  

	9.	Facility Charges, if any, including but not limited to hook-up, or connection charges and latecomer charges for water or sewer facilities of City of Redmond as disclosed by
instrument recorded August 09, 1994 and December 20, 1996 as recording nos. 9408091502 and 9612200938. None due and payable. 

  

	10.	Right of King County to make necessary slopes for cuts or fills upon said premises for Road, acquired by condemnation decree entered in King County Superior Court Cause No. 2333077. 

 

	11.	Right to make necessary slopes for cuts or fills upon said premises for road as granted by deed recorded under recording no. 5171895. 

 

	12.	Right to make necessary slopes for cuts or fills upon said premises for road as granted by deed recorded under recording no. 5171896. 

 

	13.	Right to make necessary slopes for cuts or fills upon said premises for road as granted by deed recorded under recording no. 5252998. 

 

	14.	 Easement, including terms and provisions contained therein: 

Recording Date:
                            January 28, 1966 

Recording Information:
                  5982733 

  

					
	
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		  	In Favor of:	  	Lake Hills Sewer District
		  	For:	  	Sewer Line
		  	Affects:	  	as described therein.
		
	15.	  	Easement, including terms and provisions contained therein:
		  	Recording Date:	  	December 11, 1973
		  	Recording Information:	  	7312110290
		  	In Favor of:	  	The City of Bellevue
		  	For:	  	Water Line
		  	Affects:	  	as described therein.
		
	16.	  	Easement, including terms and provisions contained therein:
		  	Recording Date:	  	February 01, 1974
		  	Recording Information:	  	7402010413
		  	In Favor of:	  	Puget Sound Power & Light Company
		  	For:	  	Underground Electric System
		  	Affects:	  	as described therein.
		
	17.	  	Easement, including terms and provisions contained therein:
		  	Recording Date:	  	March 04, 1974
		  	Recording Information:	  	7403040364
		  	In Favor of:	  	The City of Bellevue
		  	For:	  	Sewer Line
		  	Affects:	  	as described therein.
		
	18.	  	Reservation of easement and the terms and conditions thereof:
		
		  	Reserved by: The City of Bellevue
		  	Purpose: Utilities
		  	Area Affected: Vacated Streets
		  	Recorded: January 30, 1975
		  	Recording No.: 7501300474
		
	19.	  	Easement, including terms and provisions contained therein:
		  	Recording Date:	  	September 17, 1976
		  	Recording Information:	  	7609170741
		  	In Favor of:	  	The City of Bellevue
		  	For:	  	Slopes, Landscaping and Sidewalks
		  	Affects:	  	as described therein.
		
	20.	  	The terms and provisions contained in the document entitled “Concomitant Agreement” recorded October 31, 1979 as Recording No. 7910311177 of Official Records.
		
	21.	  	The terms and provisions contained in the document entitled “Concomitant Zoning Agreement” recorded February 24, 1981 as Recording No. 8102240789 of Official Records.
		
	22.  	  	Easement, including terms and provisions contained therein:
		  	Recording Date:	  	November 24, 1982
		  	Recording Information:	  	8211240192
		  	In Favor of:	  	The City of Bellevue
		  	For:	  	Sidewalks
		  	Affects:	  	as described therein.

  

					
	
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	23.	  	Easement, including terms and provisions contained therein:
		  	Recording Date:	  	November 01, 1991
		  	Recording Information:	  	9111010266
		  	In Favor of:	  	Washington Natural Gas Company
		  	For:	  	Gas Pipeline
		  	Affects:	  	as described therein.
		
	24.	  	The terms and provisions contained in the document entitled “Concomitant Agreement” recorded January 17, 1992 as Recording No. 9201170525 of Official Records.
		
	25.	  	Easement, including terms and provisions contained therein:
		  	Recording Date:	  	August 30, 1994
		  	Recording Information:	  	9408301562
		  	In Favor of:	  	The City of Bellevue
		  	For:	  	Sidewalks and Utilities
		  	Affects:	  	as described therein.
		
		  	Said instrument is a re-record of recording no(s). 9312022314, recorded December 02, 1993.
		
	26.	  	Easement, including terms and provisions contained therein:
		  	Recording Date:	  	February 23, 2000
		  	Recording Information:	  	20000223001425
		  	In Favor of:	  	The City of Bellevue
		  	For:	  	Sidewalks and Utilities
		  	Affects:	  	as described therein.
		
	27.	  	The terms and provisions contained in the document entitled “Agreement” recorded February 23, 2000 as Recording No. 20000223001426 of Official Records.
		
	28.  	  	Easement, including terms and provisions contained therein:
		  	Recording Date:	  	October 12, 2000
		  	Recording Information:    	  	20001012001607
		  	In Favor of:	  	Puget Sound Energy, Inc
		  	For:	  	Transmission, Distribution and Sale of Electricity
		  	Affects:	  	as described therein.
		
	29.	  	Terms and Conditions of Planned Unit Development known as Unigard Park, filed with the city of Bellevue under file No. PC-B71-7, as amended,
as disclosed by Deed recorded December 30, 1985 under Recording No. 8512300754
		
	30.	  	The terms and provisions contained in the document entitled “City of Bellevue Ordinance No. 4318” recorded January 17, 1992 as Recording No. 9201170526 of Official Records.
		
	31.	  	Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or delineated on the face of the Unigard Insurance Company Unigard Park Binding Site Plan recorded February 26, 2001
as Recording No. 20010226001285, in King County, Washington.
		
	32.	  	Covenants, conditions, restrictions and/or easements:
		  	Recorded:	  	March 13, 2001
		  	Recording No.:	  	20010313001629

  

					
	
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 Document(s) declaring modifications thereof recorded July 31, 2012 as Recording
No. 20120731000648 of Official Records. 
  

	33.	 Easement, including terms and provisions contained therein: 

					
		  	 Recording Date:
	  	 May 21, 2012

		  	 Recording Information:
	  	 20120521001293

		  	 In Favor of:
	  	 The City of Bellevue

		  	 For:
	  	 Sidewalks and Utilities

		  	 Affects:
	  	 as described therein.

  

	34.	The terms and provisions contained in the document entitled “Storm Drainage Maintenance & Operations Schedule” recorded April 18, 2014 as Recording No. 20140418001014 of Official Records.

  

	35.	 This item has been intentionally deleted. 

 

	36.	 This item has been intentionally deleted. 

 

	37.	 This item has been intentionally deleted. 

 

	38.	 This item has been intentionally deleted. 

 

	39.	 This item has been intentionally deleted. 

 

	40.	Rights of tenants in possession, as tenants only, under unrecorded leases or rental agreements as shown on the rent roll attached hereto, which rights do not include any rights of first refusal or options to purchase
all or any portion of the Land. 

  

	41.	 This item has been intentionally deleted. 

 

	42.	 This item has been intentionally deleted. 

 

	43.	 This item has been intentionally deleted. 

 

	44.	The terms and provisions contained in the document entitled “Declaration Regarding Shared Parking Agreement” recorded March 10, 2016 as Recording No. 20160310000808 of Official Records.

 Document re-recorded March 21, 2016 as Recording No. 20160321000731
of Official Records. 
  

	45.	The terms and provisions contained in the document entitled “Storm Drainage Operations & Maintenance Manual Agreement for Utility Extension Agreements (UE) (MR
#1-9)” recorded May 24, 2017 as Recording No. 20170524001109 of Official Records. 

(Affects Lot 1) 
  

	46.	 This item has been intentionally deleted. 

 

	47.	 This item has been intentionally deleted. 

 

	48.	 This item has been intentionally deleted. 

  

					
	
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Washington

  

			
	 

	  	

			
	 

	  	

  

	49.	 This item has been intentionally deleted. 

 

	50.	 This item has been intentionally deleted. 

 

	51.	Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 

  

					
	
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 COVENANTS, CONDITIONS AND RESTRICTIONS - 

IMPROVED LAND - OWNER’S POLICY ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 762885-12 

File No.: NCS-762885-12-SA1 

 

	 	1.	The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions
in the policy. 

  

	 	2.	For the purposes of this endorsement only, 

  

	 	a.	“Covenant” means a covenant, condition, limitation or restriction in a document or instrument in effect at Date of Policy. 

 

	 	b.	“Improvement” means a building, structure located on the surface of the Land, road, walkway, driveway, or curb, affixed to the Land at Date of Policy and that by law constitutes real property, but excluding
any crops, landscaping, lawn, shrubbery, or trees. 

  

	 	3.	The Company insures against loss or damage sustained by the Insured by reason of: 

  

	 	a.	A violation on the Land at Date of Policy of an enforceable Covenant, unless an exception in Schedule B of the policy identifies the violation; 

 

	 	b.	Enforced removal of an Improvement as a result of a violation, at Date of Policy, of a building setback line shown on a plat of subdivision recorded or filed in the Public Records, unless an exception in Schedule B of
the policy identifies the violation; or 

  

	 	c.	A notice of a violation, recorded in the Public Records at Date of Policy, of an enforceable Covenant relating to environmental protection describing any part of the Land and referring to that Covenant, but only to the
extent of the violation of the Covenant referred to in that notice, unless an exception in Schedule B of the policy identifies the notice of the violation. 

  

	 	4.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from: 

 

	 	a.	any Covenant contained in an instrument creating a lease; 

  

	 	b.	any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; or 

  

	 	c.	except as provided in Section 3.c, any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous 

  

					
	
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 endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this
endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
 Date: 

    First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

					
	
Form 50-10801 (7-1-14)    
	  	
Page 14 of 23        
	  	ALTA 9.2-06 
Covenants, Conditions and Restrictions Improved Land - Owner’s Policy (Rev. 4-2-12)

  

  

					
	
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ALTA Owner’s Policy of Title Insurance (6-17-06)

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 ACCESS AND ENTRY 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 762885-12 

File No.: NCS-762885-12-SA1 

The Company insures against loss or damage sustained by the Insured if, at Date of Policy (i) the Land does not abut and have both actual vehicular and pedestrian
access to and from NE 24th Street, Northrop Way, and 156th Avenue NE (the “Street”), (ii) the Street is not physically open and publicly maintained, or (iii) the Insured has no right to use existing curb cuts or entries along that
portion of the Street abutting the Land. 
 This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the
terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with
an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

					
	 Form 50-10045 (7-1-14)
	  	 Page 15 of 23
	  	ALTA 17-06 Access and Entry (6-17-06)

  

  

					
	
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 LOCATION ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 762885-12 

File No.: NCS-762885-12-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of a 

Commercial Structure 
 known as 15805 NE 24th
Street, Belleview WA, 
 to be located on the Land at Date of Policy. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

					
	 Form 50-10054 (7-1-14)
	  	 Page 16 of 23
	  	ALTA 22-06 Location (6-17-06)

  

  

					
	
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 SAME AS SURVEY ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 762885-12 

File No.: NCS-762885-12-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of the Land as described in Schedule A to be the same as that identified on
the survey made by WH Pacific dated October 5, 2017 and last revised _________, 2017, and designated Job No. 019647-V-AS01. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

					
	 Form 50-10059 (7-1-14)
	  	 Page 17 of 23
	  	
ALTA 25-06 Same as Survey
(10-16-08)
 CLTA 116.1-06 (10-16-08)

  

  

					
	
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 CONTIGUITY - MULTIPLE 

PARCELS ENDORSEMENT 
 Issued
by 
 First American Title Insurance Company 

Attached to Policy No.: 762885-12 

File No.: NCS-762885-12-SA1 

The Company insures against loss or damage sustained by the Insured by reason of: 

 

	 	1.	the failure of Lots 1 through 6 of the Land to be contiguous along their common boundary lines, as depicted on the Survey referenced in the ALTA 25 endorsement attached to the Policy. 

; or 
  

	 	2.	the presence of any gaps, strips, or gores separating any of the contiguous boundary lines described above. 

 This
endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or
(iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of
the terms and provisions of the policy and of any prior endorsements. 
 Date: 

    First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

					
	 Form 50-10050
(7-1-14)
	  	 Page 18 of 23
	  	ALTA 19-06 Contiguity - Multiple Parcels 
(6-17-06)

  

					
	
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 MULTIPLE TAX PARCEL 

ENDORSEMENT 

Issued by 

First American Title Insurance Company 

Attached to Policy No.: 762885-12 

File No.: NCS-762885-12-SA1 

The Company insures against loss or damage sustained by the Insured by reason of: 

 

	 	1.	those portions of the Land identified below not being assessed for real estate taxes under the listed tax identification numbers or those tax identification numbers including any additional land: 

 

							
	             Parcel:
	 		  	 Tax Identification Numbers:
	  	
	             Lot 1
	 		  	 880300-0010-00
	  	
	             Lot 2
	 		  	 880300-0020-08
	  	
	             Lot 3
	 		  	 880300-0030-06
	  	
	             Lot 4
	 		  	 880300-0040-04
	  	
	             Lot 5
	 		  	 880300-0050-01
	  	
	             Lot 6
	 		  	 880300-0060-09
	  	

  

	 	2.	the easements, if any, described in Schedule A being cut off or disturbed by the nonpayment of real estate taxes, assessments or other charges imposed on the servient estate by a governmental authority.

 This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the
policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

					
	 Form 50-10049 (7-1-14)
	  	 Page 19 of 23
	  	ALTA 18.1-06 Multiple Tax Parcel (6-17-06)

  

					
	
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 SUBDIVISION ENDORSEMENT 

Issued by 

First American Title Insurance Company 

Attached to Policy No.:762885-12 
 File No.: NCS-762885-12-SA1 
 The Company insures against
loss or damage sustained by the Insured by reason of the failure of the Land to constitute a lawfully created parcel according to the subdivision statutes and local subdivision ordinances applicable to the Land. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

					
	 Form 50-10061 (7-1-14)
	  	 Page 20 of 23
	  	ALTA 26-06 Subdivision (10-16-08)

  

					
	
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ALTA Owner’s Policy of Title Insurance (6-17-06)

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 ZONING - COMPLETED 

STRUCTURE ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 762885-12 

File No.: NCS-762885-12-SA1 

 

	 	1.	 The Company insures against loss or damage sustained by the Insured in the event that, at Date of Policy,

	 	a.	according to applicable zoning ordinances and amendments, the Land is not classified Zone “O” Office District; 

	 	b.	the following use or uses are not allowed under that classification: Professional Office Building 

	 	c.	There shall be no liability under paragraph 1.b. if the use or uses are not allowed as the result of any lack of compliance with any conditions, restrictions, or requirements contained in the zoning ordinances and
amendments, including but not limited to the failure to secure necessary consents or authorizations as a prerequisite to the use or uses. This paragraph 1.c. does not modify or limit the coverage provided in Covered Risk 5. 

 

	 	2.	The Company further insures against loss or damage sustained by the Insured by reason of a final decree of a court of competent jurisdiction either prohibiting the use of the Land, with any existing structure, as
specified in paragraph 1.b. or requiring the removal or alteration of the structure, because, at Date of Policy, the zoning ordinances and amendments have been violated with respect to any of the following matters: 

	 	a.	Area, width, or depth of the Land as a building site for the structure 

	 	b.	Floor space area of the structure 

	 	c.	Setback of the structure from the property lines of the Land 

	 	d.	Height of the structure, or 

	 	e.	Number of parking spaces. 

  

	 	3.	There shall be no liability under this endorsement based on: 

	 	a.	the invalidity of the zoning ordinances and amendments until after a final decree of a court of competent jurisdiction adjudicating the invalidity, the effect of which is to prohibit the use or uses; 

	 	b.	the refusal of any person to purchase, lease or lend money on the Title covered by this policy. 

 This endorsement is
issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount
of Insurance. To the extent a provision of the policy or a previous 

  

					
	
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 endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this
endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
 Date: 

    First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

					
	     Form 50-10576 (7-1-14)
	  	
    Page 22 of 23
	  	
    ALTA 3.1-06 Zoning - Completed Structure (Rev. 10-22-09)
 CLTA 123.2-06 (Rev. 10-22-09)

  

  

					
	
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 EASEMENT - DAMAGE OR ENFORCED REMOVAL ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy Number.: 762885-12 

Fileno.: NCS-762885-12-SA1 

The Company insures against loss or damage sustained by the Insured if the exercise of the granted or reserved rights to use or maintain the easement(s) referred to in
the Exception(s) 14-19, 22, 23, 25, 26, 28, 31, 32, 33 of Schedule B results in: 
  

	 	(1)	damage to an existing building located on the Land, or 

  

	 	(2)	enforced removal or alteration of an existing building located on the Land. 

 This endorsement is issued as part of the
policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the
extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of thepolicy and of any
prior endorsements. 
 Date: 

    First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

					
	     Form 50-10588 (7-1-14)
	  	     Page 23 of 23
	  	ALTA 28-06 Easement - Damage or Enforced Removal (Rev. 2-3-10)

  

					
	
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	 Form No. 1402.06
 ALTA Owner’s Policy (6-17-06)
 1100302P050600
	 	

	  	 Policy Page 1

Policy Number:            

	 	  
	 	  	

 OWNER’S POLICY OF TITLE INSURANCE 

ISSUED BY 
 First American Title
Insurance Company 
 Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to
the Company at the address shown in Section 18 of the Conditions. 
 COVERED RISKS

 SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE
CONDITIONS, FIRST AMERICAN TITLE INSURANCE COMPANY, a Nebraska corporation (the “Company”) insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the
Amount of Insurance, sustained or incurred by the Insured by reason of: 

	1.	 Title being vested other than as stated in Schedule A. 

	2.	 Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against
loss from 

	 	(a)	 A defect in the Title caused by 

	 	(i)	 forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; 

	 	(ii)	 failure of any person or Entity to have authorized a transfer or conveyance; 

	 	(iii)	 a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered;

	 	(iv)	 failure to perform those acts necessary to create a document by electronic means authorized by law;

	 	(v)	 a document executed under a falsified, expired, or otherwise invalid power of attorney; 

	 	(vi)	 a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by
electronic means authorized by law; or 

	 	(vii)	 a defective judicial or administrative proceeding. 

	 	(b)	 The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but
unpaid. 

	 	(c)	 Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be
disclosed by an accurate and complete land survey of the Land. The term ”encroachment” includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements
located on adjoining land. 

	3.	 Unmarketable Title. 

	4.	 No right of access to and from the Land. 

	5.	 The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to
building and zoning) restricting, regulating, prohibiting, or relating to 

	 	(a)	 the occupancy, use, or enjoyment of the Land; 

	 	(b)	 the character, dimensions, or location of any improvement erected on the Land; 

	 	(c)	 the subdivision of land; or 

	 	(d)	 environmental protection 

if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce,
but only to the extent of the violation or enforcement referred to in that notice. 

	6.	 An enforcement action based on the exercise of a governmental

	 	 police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is
recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 

	7.	 The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded
in the Public Records. 

	8.	 Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without
Knowledge. 

	9.	 Title being vested other than as stated in Schedule A or being defective 

	 	(a)	 as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer
of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state
insolvency, or similar creditors’ rights laws; or 

	 	(b)	 because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under
federal bankruptcy, state insolvency, or similar creditors’ rights laws by reason of the failure of its recording in the Public Records     

	 	(i)	 to be timely, or     

	 	(ii)	 to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 

	10.	 Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been
created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.

 The Company will also pay the costs, attorneys’ fees, and expenses incurred in defense of any matter insured against by
this policy, but only to the extent provided in the Conditions. 
  
 First
American Title Insurance Company 
 /s/ Dennis J.
Gilmore                         

Dennis J. Gilmore 
 President 

/s/ Jeffrey S.
Robinson                         

Jeffrey S. Robinson 
 Secretary

 

  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 2
 Policy
Number:

  

 EXCLUSIONS FROM COVERAGE 

The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys’ fees,
or expenses that arise by reason of: 

	1.    		(a)    	 Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or
relating to     

	 	(i)	 the occupancy, use, or enjoyment of the Land;     

	 	(ii)	 the character, dimensions, or location of any improvement erected on the Land;    

	 	(iii)	 the subdivision of land; or     

	 	(iv)	 environmental protection; 

or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit
the coverage provided under Covered Risk 5. 

	 	(b)	 Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6.

	2.	 Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.

	3.	 Defects, liens, encumbrances, adverse claims, or other matters 

	 	(a)	 created, suffered, assumed, or agreed to by the Insured Claimant; 

	 	(b)	 not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and
not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; 

	 	(c)	 resulting in no loss or damage to the Insured Claimant; 

	 	(d)	 attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under
Covered Risks 9 and 10); or 

	 	(e)	 resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title.

	4.	 Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws,
that the transaction vesting the Title as shown in Schedule A, is 

	 	(a)	 a fraudulent conveyance or fraudulent transfer; or 

	 	(b)	 a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 

	5.	 Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching
between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 

CONDITIONS 
 1.     DEFINITION OF TERMS 

The following terms when used in this policy mean: 

	 	(a)	 “Amount of Insurance”: The amount stated in Schedule A, as may be increased or decreased by endorsement to
this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. 

	 	(b)	 “Date of Policy”: The date designated as “Date of Policy” in Schedule A. 

	 	(c)	 “Entity”: A corporation, partnership, trust, limited liability company, or other similar legal entity.

	 	(d)	 “Insured”: The Insured named in Schedule A.     

	 	(i)	 The term “Insured” also includes 

	 	(A)	 successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees,
survivors, personal representatives, or next of kin;     

	 	(B)	 successors to an Insured by dissolution, merger, consolidation, distribution, or
reorganization;     

	 	(C)	 successors to an Insured by its conversion to another kind of Entity;     

	 	(D)	 a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the
Title     

	 	(1)	 if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named
Insured,     

	 	(2)	 if the grantee wholly owns the named Insured,     

	 	(3)	 if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the
named Insured are both wholly-owned by the same person or Entity, or     

	 	(4)	 if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named
in Schedule A for estate planning purposes.

	 	(ii)	 With regard to (A), (B), (C), and (D) reserving, however, all rights and defenses as to any successor that the
Company would have had against any predecessor Insured. 

	 	(e)	 “Insured Claimant”: An Insured claiming loss or damage. 

	 	(f)	 “Knowledge” or “Known”: Actual knowledge, not constructive knowledge or notice that may be imputed
to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. 

	 	(g)	 “Land”: The land described in Schedule A, and affixed improvements that by law constitute real property. The
term “Land” does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not
modify or limit the extent that a right of access to and from the Land is insured by this policy. 

	 	(h)	 “Mortgage”: Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by
electronic means authorized by law. 

	 	(i)	 “Public Records”: Records established under state statutes at Date of Policy for the purpose of imparting
constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), “Public Records” shall also include environmental protection liens filed in the records of the clerk
of the United States District Court for the district where the Land is located. 

	 	(j)	 “Title”: The estate or interest described in Schedule A. 

	 	(k)	 “Unmarketable Title”: Title affected by an alleged or apparent matter that would permit a prospective
purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 

2.     CONTINUATION OF INSURANCE 

The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured
retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance
of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 

3.     NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT 

The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these
Conditions, (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy,
or (iii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company’s liability to the Insured Claimant under the policy shall be
reduced to the extent of the prejudice. 
 4.     PROOF OF LOSS 

In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition
of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the
extent possible, the basis of calculating the amount of the loss or damage. 
 5.     DEFENSE AND PROSECUTION OF ACTIONS

	 	(a)	 Upon written request by the Insured, and subject to the options contained in Section 7 of these Conditions, the
Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those
stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those
stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs, or expenses incurred by the Insured in the defense of those causes of action that allege matters not
insured against by this policy. 

	 	(b)	 The Company shall have the right, in addition to the options contained in

 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 3
 Policy
Number:

  

 Section 7 of these Conditions, at its own cost, to institute and prosecute any
action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate action under the terms of
this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this subsection, it must do so
diligently. 

	 	(c)	 Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may
pursue the litigation to a final determination by a court of competent jurisdiction, and it expressly reserves the right, in its sole discretion, to appeal any adverse judgment or order. 

 

	6.	 DUTY OF INSURED CLAIMANT TO COOPERATE 

	 	(a)	 In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or
proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by
the Company, the Insured, at the Company’s expense, shall give the Company all reasonable aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any
other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the
Company’s obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation.

	 	(b)	 The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized
representative of the Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including
books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if
requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of
a third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of
the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from
third parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 

 

	7.	 OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY 

In case of a claim under this policy, the Company shall have the following additional options: 

	 	(a)	 To Pay or Tender Payment of the Amount of Insurance. 

	 	 	 To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys’ fees,
and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay.    Upon the exercise by the Company of this option, all
liability and obligations of the Company to the Insured under this policy, other than to make the payment required in this subsection, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation.

	 	(b)	 To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant. 

	 	(i)	 To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under
this policy. In addition, the Company will pay any costs, attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay; or

	 	(ii)	 To pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with
any costs,

	 	 
attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. 

Upon the exercise by the Company of either of the options provided for in subsections (b)(i) or (ii), the Company’s obligations
to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. 

 

	8.	 DETERMINATION AND EXTENT OF LIABILITY 

This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has
suffered loss or damage by reason of matters insured against by this policy. 

	 	(a)	 The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of

	 	(i)	 the Amount of Insurance; or 

	 	(ii)	 the difference between the value of the Title as insured and the value of the Title subject to the risk insured against
by this policy. 

	 	(b)	 If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the Title,
as insured,     

	 	(i)	 the Amount of Insurance shall be increased by 10%, and 

	 	(ii)	 the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made
by the Insured Claimant or as of the date it is settled and paid. 

	 	(c)	 In addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys’
fees, and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 

  

	9.	 LIMITATION OF LIABILITY 

	 	(a)	 If the Company establishes the Title, or removes the alleged defect, lien, or encumbrance, or cures the lack of a right
of access to or from the Land, or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its obligations with
respect to that matter and shall not be liable for any loss or damage caused to the Insured. 

	 	(b)	 In the event of any litigation, including litigation by the Company or with the Company’s consent, the Company shall
have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. 

	 	(c)	 The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in
settling any claim or suit without the prior written consent of the Company. 

  

	10.	 REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY 

All payments under this policy, except payments made for costs, attorneys’ fees, and expenses, shall reduce the Amount of Insurance
by the amount of the payment. 
  

	11.	 LIABILITY NONCUMULATIVE 

The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken
in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured under
this policy. 
  

	12.	 PAYMENT OF LOSS 

When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be
made within 30 days. 
  

	13.	 RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT 

	 	(a)	 Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the
rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys’ fees, and expenses
paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the
name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. 

If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its
right to recover until after the Insured Claimant shall have recovered its loss. 

 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 4
 Policy
Number:

  

	 	(b)	 The Company’s right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies
of insurance, or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 

  

	14.	 ARBITRATION 

Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title
Insurance Arbitration Rules of the American Land Title Association (“Rules”). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but
are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising
out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured. All arbitrable matters when the Amount of Insurance
is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s)
may be entered in any court of competent jurisdiction. 
  

	15.	 LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT 

	 	(a)	 This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract
between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. 

	 	(b)	 Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim shall be
restricted to this policy. 

	 	(c)	 Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or
expressly incorporated by Schedule A of this policy. 

 

	 	(d)	 Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and
provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy, or (iv) increase the Amount of
Insurance. 

  

	16.	 SEVERABILITY 

In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy
shall be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. 
  

	17.	 CHOICE OF LAW; FORUM 

	 	(a)	 Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined
the premium charged therefore in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is
located.    Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to interpret and
enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. 

	 	(b)	 Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a
state or federal court within the United States of America or its territories having appropriate jurisdiction. 

  

	18.	 NOTICES, WHERE SENT 

Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given
to the Company at 1 First American Way, Santa Ana, CA 92707, Attn: Claims Department. 

 

 

  
  

POLICY OF TITLE INSURANCE 
 

 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 5
 Policy
Number:

  

 SCHEDULE A 

First American Title Insurance Company 

Name and Address of the issuing Title Insurance Company: 

First American Title Insurance Company 
 18500 Von
Karman Ave, Suite 600 
 Irvine, CA 92612 
 File
No.:
NCS-762885-08-SA1                 
                                         
   Policy No.:  
 Address Reference: 10800 and 10900 Northeast, 8th Street, Bellevue, WA 

Amount of Insurance:
$240,000,000.00                                       
        Premium: $ 
 Date of Policy: __/__/2017 at ________ 

 

	1.	 Name of Insured: 

  

	 	 Keppel-KBS Plaza Buildings, Inc., a Delaware corporation 

 

	2.	 The estate or interest in the Land that is insured by this policy is: 

 

	 	 Fee Simple 

  

	3.	 Title is vested in: 

  

	 	 Keppel-KBS Plaza Buildings, Inc., a Delaware corporation 

 

	4.	 The Land referred to in this policy is described as follows: 

 

	 	 Real property in the City of Bellevue, County of King, State of Washington, described as follows: 

 

	 	PARCELS A, B AND C, CITY OF BELLEVUE BOUNDARY LINE ADJUSTMENT NO. 14-144358 LW, RECORDED APRIL 21, 2015 UNDER RECORDING NO. 20150421900015, IN KING COUNTY, WASHINGTON.

  

	 	 APN: 292505-9357-03 and 292505-9358-02
and 292505-9048-08 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 6
 Policy
Number:

  

  

			
	SCHEDULE B
		
	 File No.: NCS-762885-08-SA1 
	  	         Policy No.:

	
	EXCEPTIONS FROM COVERAGE
	
	This Policy does not insure against loss or damage, and the Company will not pay costs, attorneys’ fees, or expenses that arise by reason of:

  

					
	 1.
	  	 Easement, including terms and provisions contained therein:

		  	 Recording Information:
	  	 4237296, recorded May 19, 1952

		  	 For:
	  	 Installation and maintenance of utilities and drainage facilities

		  	 Affects:
	  	 (Parcels B and C) as described therein

		
		  	 Document re-recorded as Recording No. 4239751 of Official
Records.

		
	 2.
	  	 Easement, including terms and provisions contained therein:

		  	 Recording Date:
	  	 June 09, 1964

		  	 Recording Information:
	  	 5746167

		  	 In Favor of:
	  	 Puget Sound Power & Light Company, a Washington

		  		  	 corporation

		  	 For:
	  	 Electric distribution line

		  	 Affects:
	  	 (Parcels A and B) as described therein.

		
	 3.
	  	 Easement, including terms and provisions contained therein:

		  	 Recording Date:
	  	 June 09, 1964

		  	 Recording Information:
	  	 5746168

		  	 In Favor of:
	  	 Puget Sound Power & Light Company, a Washington

		  		  	 corporation

		  	 For:
	  	 Electric distribution line

		  	 Affects:
	  	 (Parcel B) as described therein.

		
	 4.
	  	 Easement, including terms and provisions contained therein:

		  	 Recording Date:
	  	 December 09, 1977

		  	 Recording Information:
	  	 7712090813

		  	 In Favor of:
	  	 City of Bellevue, a municipal corporation

		  	 For:
	  	 Sidewalk and pedestrian purposes

		  	 Affects:
	  	 as described therein.

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 7
 Policy
Number:

  

					
	 5.
	  	 Easement, including terms and provisions contained therein:

		  	 Recording Date:
	  	 January 18, 1979

		  	 Recording Information:
	  	 7901180955

		  	 In Favor of:
	  	 Pacific Northwest Bell Telephone Company, a Washington

		  		  	 corporation

		  	 For:
	  	 Underground communication lines, conduit and manhole with

		  		  	 wires, cables, fixtures and appurtenances attached thereto

		  	 Affects:
	  	 Westerly portion of Parcel A

		
	 6.
	  	 Easement, including terms and provisions contained therein:

		  	 Recording Date:
	  	 May 27, 1982

		  	 Recording Information:
	  	 8205270568

		  	 In Favor of:
	  	 Puget Sound Power & Light Company, a Washington

		  		  	 corporation

		  	 For:
	  	 Underground electric transmission and/or distribution system

		  	 Affects:
	  	 Northerly portions of Parcels A and B

		
		  	 Said instrument is a re-record of recording no(s). 7905040720, recorded May 04,
1979.

		
	 7.
	  	 Easement, including terms and provisions contained therein:

		  	 Recording Date:
	  	 January 13, 1983

		  	 Recording Information:
	  	 8301130483

		  	 In Favor of:
	  	 Puget Sound Power & Light Company, a Washington

		  		  	 corporation

		  	 For:
	  	 Underground electric transmission and/or distribution system

		  	 Affects:
	  	 (Parcels B and C) as described therein.

		
	 8.
	  	 Terms and conditions of easement appurtenant to said premises, as reserved in Quit Claim Deed:

		
		  	 Purpose: Construction, maintenance, operation and replacement of the existing canopy or

		  	 covering, walkways, handrails and related accessories

		  	 Recording Date: August 4, 1983
	  	
		  	 Recording No.: 8308040699
	  	
		
	 9.
	  	 Easement, including terms and provisions contained therein:

		  	 Recording Date:
	  	 August 04, 1983

		  	 Recording Information:
	  	 8308040700

		  	 In Favor of:
	  	 City of Bellevue, a municipal corporation

		  	 For:
	  	 Construction and maintenance of traffic signal/lighting pole

		  	 Affects:
	  	 Southeasterly portion of Parcel C

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 8
 Policy
Number:

  

					
	 10.
	  	 Easement, including terms and provisions contained therein:

		  	 Recording Information:
	  	 20060829000775, recorded August 29, 2006

		  	 For:
	  	 Driveway

		  	 Affects:
	  	 Northerly portion of Parcel B

		
	 11.
	  	 Easement, including terms and provisions contained therein:

		  	 Recording Date:
	  	 May 9, 2014

		  	 Recording Information:
	  	 20140509000085

		  	 In Favor of:
	  	 City of Bellevue, a municipal corporation

		  	 For:
	  	 Water meter and all necessary connections and appurtenances

		  		  	 thereto

		  	 Affects:
	  	 (Parcel B) as described therein.

		
	 12.
	  	Restrictions, conditions, dedications, notes, easements and provisions, if any, as contained and/or delineated on the face of the plat of Carroll-Hedlund‘s 1st Addition to Bellevue recorded in Volume 49 of Plats,
Pages 58 and 59, in King County, Washington.
		
	 13.
	  	 Covenants, conditions, restrictions and/or easements:

		  	 Recorded:
	  	 August 30, 1982

		  	 Recording No.:
	  	 8204301077

		
		  	Document(s) declaring modifications thereof recorded June 05, 1984 as Recording No. 8406051091 of Official Records.
		
	 14.
	  	 Terms, covenants, conditions and restrictions as contained in recorded Lot Line Adjustment

		  	 (Boundary Line Revision) 14-144358 LW :

		  	 Recorded:
	  	 April 21, 2015

		  	 Recording Information:
	  	 20150421900015

  

	15.	The terms and provisions contained in the document entitled “Concomitant Zoning Agreement” recorded July 12, 1978 as Recording No. 7807121073 of Official Records. 

 

	16.	The terms, provisions and easement(s) contained in the document entitled “Parking Agreement” recorded August 25, 1978 as Recording No. 7808250969 of Official Records. 

 

	17.	The terms and provisions contained in the document entitled “Agreement” recorded May 26, 1982 as Recording No. 8205260661 of Official Records. 

 

	18.	The terms, provisions and easement(s) contained in the document entitled “Parking Easement and Agreement” recorded February 05, 2001 as Recording No. 20010205001290 of Official Records. 

 

	19.	The terms, provisions and easement(s) contained in the document entitled “Parking Easement and Agreement” recorded February 05, 2001 as Recording No. 20010205001296 of Official Records. 

 

	20.	The terms, provisions and easement(s) contained in the document entitled “Parking Covenant Agreement (Agreement to Rent/Lease of Parking Spaces)” recorded March 29, 2010 as Recording
No. 20100329001691 of Official Records. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 9
 Policy
Number:

  

  

	21.	The terms, provisions and easement(s) contained in the document entitled “Reciprocal Crane Swing License and Construction and Shoring Easement Agreement” recorded July 12, 2016 as Recording
No. 20160712000637 of Official Records. 

  

	22.	The terms and provisions contained in the document entitled “City of Bellevue Staff Report” recorded December 19, 2016 as Recording No. 20161219000579 of Official Records. 

 

	23.	This item has been intentionally deleted. 

  

	24.	Facility Charges, if any, including but not limited to hook-up, or connection charges and latecomer charges for water or sewer facilities of City of Bellevue as disclosed by
instrument recorded December 20, 1996 as Recording No. 9612200938. 

  

	 	Document re-recorded July 27, 2017 as Recording No. 20170727001075 of Official Records. 

 

	25.	 This item has been intentionally deleted. 

 

	26.	 This item has been intentionally deleted. 

 

					
	 27.
	  	 General Taxes for the year 2017.

		  	 Tax Account No.:
	  	     292505-9357-03

		  	 Amount Billed:
	  	 $         341,757.39

		  	 Amount Paid:
	  	 $         170,878.70

		  	 Amount Due:
	  	 $         170,878.69

		  	 Assessed Land Value:
	  	 $    17,647,200.00

		  	 Assessed Improvement Value:
	  	 $    21,543,800.00

			
		  	 (Affects Parcel A)
	  	
		
	 28.
	  	 General Taxes for the year 2017.

		  	 Tax Account No.:
	  	     292505-9358-02

		  	 Amount Billed:
	  	 $         298,969.56

		  	 Amount Paid:
	  	 $         149,484.78

		  	 Amount Due:
	  	 $         149,484.78

		  	 Assessed Land Value:
	  	 $    34,283,100.00

		  	 Assessed Improvement Value:
	  	 $             1,000.00

			
		  	 (Affects Parcel B)
	  	
		
	 29.
	  	 General Taxes for the year 2017.

		  	 Tax Account No.:
	  	     292505-9048-08

		  	 Amount Billed:
	  	 $         817,275.24

		  	 Amount Paid:
	  	 $         408,637.62

		  	 Amount Due:
	  	 $         408,637.62

		  	 Assessed Land Value:
	  	 $    11,213,200.00

		  	 Assessed Improvement Value:
	  	 $    82,509,800.00

			
		  	 (Affects Parcel C)
	  	
		
	 30.
	  	 This item has been intentionally deleted.

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 10
 Policy
Number:

  

  

	31.	Rights of tenants, as tenants only, under unrecorded written leases. Said leases contain no option to purchase or right of first refusal. 

 

	32.	This item has been intentionally deleted. 

  

	33.	This item has been intentionally deleted. 

  

	34.	The following matters disclosed by an ALTA/NSPS survey made by Bush, Roed & Hitchings, Inc. on 8/30/2017, designated Job No. 2007052.04: 

 

	    	A) pedestrian access across the north boundary of the property as evidenced by brick walks crossing said boundary. 

  

	 	B) Curbs and planters cross into the street right of way of 109th Street. 

  

	 	C) A 0.1’ to 0.5’ encroachment of a building and support columns into the street right of way of 110th Street. 

  

	 	D) A 4.5’ encroachment of building stairs into the street right of way of 110th Street. 

  

	 	E) A 4.9’ encroachment of a building overhang into the street right of way of 110th Street. 

  

	 	F) A 3’ encroachment of a sidewalk handicap ramp onto the property from the street right of way at the southeast corner of said property. 

 

	 	G) An encroachment of 3 building over portions of an easement for electric utility purposes. Said easement recorded June 9, 1964 as instrument no. 5746168 of official records (item 3). 

 

	 	H) An encroachment of 2 buildings over portions of an easement for utility and drainage purposes. Said easement recorded may 19, 1952 as instrument no. 4237296 of official records (item 1). 

 

	 	I) Numerous utility structures located over various portions of the property. 

  

	35.	 This item has been intentionally deleted. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 11
 Policy
Number:

  

  
 

 
 COMMERCIAL ENVIRONMENTAL 

PROTECTION LIEN ENDORSEMENT 
 Issued by

 First American Title Insurance Company 

Attached to Policy No.:     

File No.: NCS-762885-08-SA1 

The Company insures against loss or damage sustained by the Insured by reason of an environmental protection lien that, at Date of Policy, is recorded in the Public
Records or filed in the records of the Clerk of the United States District Court for the district in which the Land is located, unless the environmental protection lien is set forth as an exception in Schedule B. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

  

					
	
Form 50-10021 (7-1-14)            
	  	
Page 11 of 26        
	  	
ALTA 8.2-06 Commercial Environmental Protection Lien
(10-16-08)
 CLTA 110.9.1-06 (10-16-08)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 12
 Policy
Number:

  

  
 

 
 COVENANTS, CONDITIONS AND RESTRICTIONS - 

IMPROVED LAND - OWNER’S POLICY ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 

File No.: NCS-762885-08-SA1 

 

	 	1.	The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions
in the policy. 

  

	 	2.	For the purposes of this endorsement only, 

  

	 	a.	“Covenant” means a covenant, condition, limitation or restriction in a document or instrument in effect at Date of Policy. 

 

	 	b.	“Improvement” means a building, structure located on the surface of the Land, road, walkway, driveway, or curb, affixed to the Land at Date of Policy and that by law constitutes real property, but excluding
any crops, landscaping, lawn, shrubbery, or trees. 

  

	 	3.	The Company insures against loss or damage sustained by the Insured by reason of: 

  

	 	a.	A violation on the Land at Date of Policy of an enforceable Covenant, unless an exception in Schedule B of the policy identifies the violation; 

 

	 	b.	Enforced removal of an Improvement as a result of a violation, at Date of Policy, of a building setback line shown on a plat of subdivision recorded or filed in the Public Records, unless an exception in Schedule B of
the policy identifies the violation; or 

  

	 	c.	A notice of a violation, recorded in the Public Records at Date of Policy, of an enforceable Covenant relating to environmental protection describing any part of the Land and referring to that Covenant, but only to the
extent of the violation of the Covenant referred to in that notice, unless an exception in Schedule B of the policy identifies the notice of the violation. 

  

	 	4.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from: 

 

	 	a.	any Covenant contained in an instrument creating a lease; 

  

	 	b.	any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; or 

  

	 	c.	except as provided in Section 3.c, any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 13
 Policy
Number:

  

 endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this
endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
 Date: 

    First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

					
	
Form 50-10801 (7-1-14)        
	  	
Page 13 of 26        
	  	ALTA 9.2-06 Covenants, Conditions and
Restrictions Improved Land - Owner’s Policy (Rev. 4-2-12)

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 14
 Policy
Number:

  

  
  

 
 PRIVATE RIGHTS - OWNER’S POLICY 

Issued by 
 First American Title Insurance
Company 
 Attached to Policy No.: 
 File
No.: NCS-762885-08-SA1 
  

	 	1.	The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions
in the policy. 

	 	2.	For the purposes of this endorsement only: 

	 	a.	“Covenant” means a covenant, condition, limitation or restriction in a document or instrument recorded in the Public Records at Date of Policy. 

	 	b.	“Private Right” means (i) an option to purchase; (ii) a right of first refusal; or (iii) a right of prior approval of a future purchaser or occupant. 

	 	3.	The Company insures against loss or damage sustained by the Insured under this Owner’s Policy if enforcement of a Private Right in a Covenant affecting the Title at Date of Policy based on a transfer of Title on or
before Date of Policy causes a loss of the Insured’s Title. 

	 	4.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from: 

	 	a.	 any Covenant contained in an instrument creating a lease; 

	 	b.	any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; 

	 	c.	any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances; or 

	 	d.	any Private Right in an instrument identified in Exception(s) None in Schedule B. 

 This endorsement is issued as part of
the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To
the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of
any prior endorsements. 
 IN WITNESS WHEREOF, the Company has caused this endorsement to be issued and become valid when signed by an authorized
officer or licensed agent of the Company. 
  

	Date:	 

    First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

  

					
	 Form 50-10892 (7-1-14)    
	  	 Page 14 of 26
	  	ALTA 9.9-06 Private Rights - Owner’s Policy (Rev. 4-2-13)

 First American Title Insurance Company

  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 15
 Policy
Number:

  

  
 

 
 ACCESS AND ENTRY 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 
 File No.: NCS-762885-08-SA1 
 The Company insures against
loss or damage sustained by the Insured if, at Date of Policy (i) the Land does not abut and have both actual vehicular and pedestrian access to and from 108th Avenue, NE, 109th Avenue NE, and NE 8th Street (collectively the
“Streets”), (ii) the Streets are not physically open and publicly maintained, or (iii) the Insured has no right to use existing curb cuts or entries along those portions of the Streets abutting the Land. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	 Form 50-10045 (7-1-14)    
	  	 Page 15 of 26
	  	ALTA 17-06 Access and Entry (6-17-06)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 16
 Policy
Number:

  

  
 

 
 UTILITY ACCESS ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 

File No.: NCS-762885-08-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the lack of a right of access to the following utilities or services:

  

					
	 X    Water service
	  	 X    Natural gas service
	  	 X     Telephone service

			
	 X    Electrical power service
	  	 X    Sanitary sewer
	  	 X     Storm water drainage

 either over, under or upon rights-of-way
or easements for the benefit of the Land because of: 
  

	 	(1)	 a gap or gore between the boundaries of the Land and the
rights-of-way or easements; 

	 	(2)	 a gap between the boundaries of the
rights-of-way or easements; or 

	 	(3)	 a termination by a grantor, or its successor, of the
rights-of-way or easements. 

  

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

 

  

					
	 Form 50-10047 (7-1-14)        
	  	 Page 16 of 26
	  	ALTA 17.2-06 Utility Access (10-16-08)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 17    

Policy Number:     

  

  
 

 
 MULTIPLE TAX PARCEL 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 
 File No.: NCS-762885-08-SA1 
 The Company
insures against loss or damage sustained by the Insured by reason of: 
  

	 	1.	those portions of the Land identified below not being assessed for real estate taxes under the listed tax identification numbers or those tax identification numbers including any additional land: 

 

			
	 Parcel:
  
	  	 Tax Identification Numbers:
  

	 Parcel A
	  	 292505-9357

	 Parcel B
	  	 292505-9358

	 Parcel C
	  	 292505-9048

  

	 	2.	the easements, if any, described in Schedule A being cut off or disturbed by the nonpayment of real estate taxes, assessments or other charges imposed on the servient estate by a governmental authority.

 This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the
policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

  

					
	
Form 50-10049 (7-1-14)            
	  	
Page 17 of 26        
	  	ALTA 18.1-06 Multiple Tax Parcel (6-17-06)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 18
 Policy
Number:

  

 ENDORSEMENT 

Attached to Policy No. 
 Issued by 

First American Title Insurance Company 

The Company insures against loss or damage sustained by the Insured by reason of: 

 

	 	1.	the failure of the easterly boundary line of Parcel A of the Land to be contiguous to the westerly boundary line of Parcel B of the Land, or the easterly boundary line of Parcel B of the Land to be
contiguous to the westerly boundary line of Parcel C of the Land; or 

  

	 	2.	the presence of any gaps, strips, or gores separating any of the contiguous boundary lines described above. 

 This
endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or
(iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of
the terms and provisions of the policy and of any prior endorsements. 
 American Land Title Association 

Endorsement 19-06 (Contiguity-Multiple Parcels) 

Adopted 6/17/06 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 19
 Policy
Number:

  

  
 

 
 LOCATION ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 

File No.: NCS-762885-08-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of a 

Professional Office Building 
 known as 10800 and
10900 NE 8th Street, King County, WA, 
 to be located on the Land at Date of Policy. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	 Form 50-10054 (7-1-14)    
	  	
Page 19 of 26        
	  	ALTA 22-06 Location (6-17-06)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 20
 Policy
Number:

  

  
 

 
 SAME AS SURVEY ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 

File No.: NCS-762885-08-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of the Land as described in Schedule A to be the same as that identified on
the survey made by Bush Roed & Hitchings, Inc. dated August 30, 2017, last revised ____________, and designated Job No. 2007052.04. 
 This
endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or
(iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of
the terms and provisions of the policy and of any prior endorsements. 
 Date: 

    First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 
  

  

					
	 Form 50-10059 (7-1-14)    
	  	
Page 20 of 26        
	  	
ALTA 25-06 Same as Survey
(10-16-08)
 CLTA 116.1-06 (10-16-08)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 21
 Policy
Number:

  

  
 

 
 SUBDIVISION ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 

File No.: NCS-762885-08-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of the Land to constitute a lawfully created parcel according to the
subdivision statutes and local subdivision ordinances applicable to the Land. 
 This endorsement is issued as part of the policy. Except as it expressly states, it
does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a
previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	
Form 50-10061 (7-1-14)            
	  	
Page 21 of 26        
	  	ALTA 26-06 Subdivision (10-16-08)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 22
 Policy
Number:

  

  
 

 
 ZONING - COMPLETED 

STRUCTURE ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 
 File No.: NCS-762885-08-SA1 
  

	 	1.	The Company insures against loss or damage sustained by the Insured in the event that, at Date of Policy, 

	 	a.	according to applicable zoning ordinances and amendments, the Land is not classified Zone DNTN-O-2 (Downtown Office District 2, within the
Core Design District); 

	 	b.	the following use or uses are not allowed under that classification: Professional Office Building with Accessory Parking Garage 

	 	c.	There shall be no liability under paragraph 1.b. if the use or uses are not allowed as the result of any lack of compliance with any conditions, restrictions, or requirements contained in the zoning ordinances and
amendments, including but not limited to the failure to secure necessary consents or authorizations as a prerequisite to the use or uses. This paragraph 1.c. does not modify or limit the coverage provided in Covered Risk 5. 

 

	 	2.	The Company further insures against loss or damage sustained by the Insured by reason of a final decree of a court of competent jurisdiction either prohibiting the use of the Land, with any existing structure, as
specified in paragraph 1.b. or requiring the removal or alteration of the structure, because, at Date of Policy, the zoning ordinances and amendments have been violated with respect to any of the following matters: 

	 	a.	Area, width, or depth of the Land as a building site for the structure 

	 	b.	Floor space area of the structure 

	 	c.	Setback of the structure from the property lines of the Land 

	 	d.	Height of the structure, or 

	 	e.	Number of parking spaces. 

  

	 	3.	There shall be no liability under this endorsement based on: 

	 	a.	the invalidity of the zoning ordinances and amendments until after a final decree of a court of competent jurisdiction adjudicating the invalidity, the effect of which is to prohibit the use or uses; 

	 	b.	the refusal of any person to purchase, lease or lend money on the Title covered by this policy. 

 This endorsement is
issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount
of Insurance. To the extent a provision of the policy or a previous 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 23
 Policy
Number:

  

 endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this
endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
 Date: 

    First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	 Form 50-10576 (7-1-14)    
	  	
Page 23 of 26        
	  	
ALTA 3.1-06 Zoning - Completed Structure (Rev.
10-22-09)
 CLTA 123.2-06 (Rev. 10-22-09)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 24
 Policy
Number:

  

  
 

 
 EASEMENT - DAMAGE OR ENFORCED REMOVAL ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy Number.: 

Fileno.: NCS-762885-08-SA1 

The Company insures against loss or damage sustained by the Insured if the exercise of the granted or reserved rights to use or maintain the easement(s) referred to in
the Exception(s) 1 through 13, 18, and 19 of Schedule B results in: 
  

	 	(1)	damage to an existing building located on the Land, or 

  

	 	(2)	enforced removal or alteration of an existing building located on the Land. 

 This endorsement is issued as part of the
policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the
extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of thepolicy and of any
prior endorsements. 
 Date: 

    First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	 Form 50-10588 (7-1-14)    
	  	 Page 24 of 26
	  	ALTA 28-06 Easement - Damage or Enforced Removal (Rev. 2-3-10)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 25
 Policy
Number:

  

  
 

 
 DELETION OF ARBITRATION - ALTA OWNER’S POLICY 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 
 File No.: NCS-762885-08-SA1 
  

	 	1.	The policy is hereby amended by deleting Paragraph 14 from the Conditions of the policy. 

 This endorsement is issued as
part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of
Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the
policy and of any prior endorsements. 
 Date: 

    First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	 Form 50-10879 (7-1-14)    
	  	
Page 25 of 26        
	  	Deletion of Arbitration - ALTA Owner’ Policy (6-05)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 26
 Policy
Number:

  

  
 

 
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Safeguarding Customer Information 
 In order to better serve your needs now and in the future, we may ask you to provide us with certain
information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to
us. Therefore, together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. 
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 This Privacy Policy governs our use of the information that you provide to us. It does not govern the manner in which we may use information we
have obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source. First
American calls these guidelines its Fair Information Values. 
 Types of Information 

Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include: 

	 	🌑	 	 Information we receive from you on applications, forms and in other communications to us, whether in writing, in person,
by telephone or any other means; 

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	 	🌑	 	 Information we receive from a consumer reporting agency. 

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legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested of
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or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and
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collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing agreements. 

Former Customers 
 Even if you are no longer our customer, our
Privacy Policy will continue to apply to you. 
 Confidentiality and Security 

We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal
information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be
handled responsibly and in accordance with this Privacy Policy and First American’s Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic
personal information. 
 Information Obtained Through Our Web Site 

First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information
about you we receive on the Internet. 
 In general, you can visit First American or its affiliates’ Web sites on the World Wide Web without
telling us who you are or revealing any information about yourself. Our Web servers collect the domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of
visits, average time spent on the site, pages viewed and similar information. First American uses this information to measure the use of our site and to develop ideas to improve the content of our site. 

There are times, however, when we may need information from you, such as your name and email address. When information is needed, we will use our best
efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific account/profile
information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above. 
 Business Relationships

 First American Financial Corporation’s site and its affiliates’ sites may contain links to other Web sites. While we try to link only
to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy practices employed by other sites. 
 Cookies

 Some of First American’s Web sites may make use of “cookie” technology to measure site activity and to customize information to
your personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the cookie on your hard drive. 
 FirstAm.com uses stored cookies. The goal of this technology is to better serve you when visiting our site, save you time when you are here and to provide you
with a more meaningful and productive Web site experience. 

					
	 	  		  	

 Fair Information Values 

Fairness We consider consumer expectations about their privacy in all our businesses. We only offer products and services that assure a favorable
balance between consumer benefits and consumer privacy. 
 Public Record We believe that an open public record creates significant value for
society, enhances consumer choice and creates consumer opportunity. We actively support an open public record and emphasize its importance and contribution to our economy. 

Use We believe we should behave responsibly when we use information about a consumer in our business. We will obey the laws governing the
collection, use and dissemination of data. 
 Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and
disseminate. Where possible, we will take reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source
of the erroneous data so that the consumer can secure the required corrections. 
 Education We endeavor to educate the users of our products and
services, our employees and others in our industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our industry to
collect and use information in a responsible manner. 
 Security We will maintain appropriate facilities and systems to protect against
unauthorized access to and corruption of the data we maintain. 
  

  

					
	 Form 50-PRIVACY (9/1/10)
	  	
                         
 Page 1 of 1
	  	Privacy Information (2001-2010 First American Financial Corporation)

 First American Title Insurance
Company 
  

			
	 

	  	

					
	 

	 		 	

			
	 Form No. 1402.06
 ALTA Owner’s Policy (6-17-06)
 1100302P050600
	 	

	 	Policy Page 1
	 	 	Policy Number:        
	 	 	

 OWNER’S POLICY OF TITLE INSURANCE 

ISSUED BY 
 First American Title
Insurance Company 
 Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given
to the Company at the address shown in Section 18 of the Conditions. 
 COVERED RISKS

 SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE
CONDITIONS, FIRST AMERICAN TITLE INSURANCE COMPANY, a Nebraska corporation (the “Company”) insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the
Amount of Insurance, sustained or incurred by the Insured by reason of: 

	1.	 Title being vested other than as stated in Schedule A. 

	2.	 Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against
loss from 

	 	(a)	 A defect in the Title caused by 

	 	(i)	 forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; 

	 	(ii)	 failure of any person or Entity to have authorized a transfer or conveyance; 

	 	(iii)	 a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered;

	 	(iv)	 failure to perform those acts necessary to create a document by electronic means authorized by law;

	 	(v)	 a document executed under a falsified, expired, or otherwise invalid power of attorney; 

	 	(vi)	 a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by
electronic means authorized by law; or 

	 	(vii)	 a defective judicial or administrative proceeding. 

	 	(b)	 The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but
unpaid. 

	 	(c)	 Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be
disclosed by an accurate and complete land survey of the Land. The term ”encroachment” includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements
located on adjoining land. 

	3.	 Unmarketable Title. 

	4.	 No right of access to and from the Land. 

	5.	 The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to
building and zoning) restricting, regulating, prohibiting, or relating to 

	 	(a)	 the occupancy, use, or enjoyment of the Land; 

	 	(b)	 the character, dimensions, or location of any improvement erected on the Land; 

	 	(c)	 the subdivision of land; or 

	 	(d)	 environmental protection 

if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce,
but only to the extent of the violation or enforcement referred to in that notice. 

	6.	 An enforcement action based on the exercise of a governmental

	 	 
police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement
referred to in that notice. 

	7.	 The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded
in the Public Records. 

	8.	 Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without
Knowledge. 

	9.	 Title being vested other than as stated in Schedule A or being defective 

	 	(a)	 as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer
of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state
insolvency, or similar creditors’ rights laws; or 

	 	(b)	 because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under
federal bankruptcy, state insolvency, or similar creditors’ rights laws by reason of the failure of its recording in the Public Records 

	 	(i)	 to be timely, or 

	 	(ii)	 to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 

	10.	 Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been
created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.

 The Company will also pay the costs, attorneys’ fees, and expenses incurred in defense of any matter insured against by
this policy, but only to the extent provided in the Conditions. 
 First American Title Insurance Company 

/s/ Dennis J.
Gilmore                         

Dennis J. Gilmore 
 President 

/s/ Jeffrey S.
Robinson                         

Jeffrey S. Robinson 
 Secretary 

 

 

  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 2
 Policy
Number:

  

 EXCLUSIONS FROM COVERAGE 

The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys’ fees,
or expenses that arise by reason of: 

	1.    		(a)    	 Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or
relating to 

	 	(i)	 the occupancy, use, or enjoyment of the Land; 

	 	(ii)	 the character, dimensions, or location of any improvement erected on the Land; 

	 	(iii)	 the subdivision of land; or 

	 	(iv)	 environmental protection; 

or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit
the coverage provided under Covered Risk 5. 

	 	(b)	 Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6.

	2.	 Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.

	3.	 Defects, liens, encumbrances, adverse claims, or other matters 

	 	(a)	 created, suffered, assumed, or agreed to by the Insured Claimant; 

	 	(b)	 not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and
not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; 

	 	(c)	 resulting in no loss or damage to the Insured Claimant; 

	 	(d)	 attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under
Covered Risks 9 and 10); or 

	 	(e)	 resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title.

	4.	 Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws,
that the transaction vesting the Title as shown in Schedule A, is 

	 	(a)	 a fraudulent conveyance or fraudulent transfer; or 

	 	(b)	 a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 

	5.	 Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching
between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 

CONDITIONS 

	1.	 DEFINITION OF TERMS 

The following terms when used in this policy mean: 

	 	(a)	 “Amount of Insurance”: The amount stated in Schedule A, as may be increased or decreased by endorsement to
this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. 

	 	(b)	 “Date of Policy”: The date designated as “Date of Policy” in Schedule A. 

	 	(c)	 “Entity”: A corporation, partnership, trust, limited liability company, or other similar legal entity.

	 	(d)	 “Insured”: The Insured named in Schedule A. 

	 	(i)	 The term “Insured” also includes 

	 	(A)	 successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees,
survivors, personal representatives, or next of kin; 

	 	(B)	 successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization; 

	 	(C)	 successors to an Insured by its conversion to another kind of Entity; 

	 	(D)	 a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title

	 	(1)	 if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured,

	 	(2)	 if the grantee wholly owns the named Insured, 

	 	(3)	 if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the
named Insured are both wholly-owned by the same person or Entity, or 

	 	(4)	 if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named
in Schedule A for estate planning purposes.

	 	(ii)	 With regard to (A), (B), (C), and (D) reserving, however, all rights and defenses as to any successor that the
Company would have had against any predecessor Insured. 

	 	(e)	 “Insured Claimant”: An Insured claiming loss or damage. 

	 	(f)	 “Knowledge” or “Known”: Actual knowledge, not constructive knowledge or notice that may be imputed
to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. 

	 	(g)	 “Land”: The land described in Schedule A, and affixed improvements that by law constitute real property. The
term “Land” does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not
modify or limit the extent that a right of access to and from the Land is insured by this policy. 

	 	(h)	 “Mortgage”: Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by
electronic means authorized by law. 

	 	(i)	 “Public Records”: Records established under state statutes at Date of Policy for the purpose of imparting
constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), “Public Records” shall also include environmental protection liens filed in the records of the clerk
of the United States District Court for the district where the Land is located. 

	 	(j)	 “Title”: The estate or interest described in Schedule A. 

	 	(k)	 “Unmarketable Title”: Title affected by an alleged or apparent matter that would permit a prospective
purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 

 

	2.	 CONTINUATION OF INSURANCE 

The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured
retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance
of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 

 

	3.	 NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT 

The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these
Conditions, (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy,
or (iii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company’s liability to the Insured Claimant under the policy shall be
reduced to the extent of the prejudice. 
  

	4.	 PROOF OF LOSS 

In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition
of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the
extent possible, the basis of calculating the amount of the loss or damage. 
  

	5.	 DEFENSE AND PROSECUTION OF ACTIONS 

	 	(a)	 Upon written request by the Insured, and subject to the options contained in Section 7 of these Conditions, the
Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those
stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those
stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs, or expenses incurred by the Insured in the defense of those causes of action that allege matters not
insured against by this policy. 

	 	(b)	 The Company shall have the right, in addition to the options contained in

 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 3
 Policy
Number:

  

  

	 	 	 Section 7 of these Conditions, at its own cost, to institute and prosecute any action or proceeding or to do any
other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate action under the terms of this policy, whether or not it
shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this subsection, it must do so diligently.

	 	(c)	 Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may
pursue the litigation to a final determination by a court of competent jurisdiction, and it expressly reserves the right, in its sole discretion, to appeal any adverse judgment or order. 

 

	6.	 DUTY OF INSURED CLAIMANT TO COOPERATE 

	 	(a)	 In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or
proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by
the Company, the Insured, at the Company’s expense, shall give the Company all reasonable aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any
other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the
Company’s obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation.

	 	(b)	 The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized
representative of the Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including
books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if
requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of
a third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of
the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from
third parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 

 

	7.	 OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY 

In case of a claim under this policy, the Company shall have the following additional options: 

	 	(a)	 To Pay or Tender Payment of the Amount of Insurance. 

	 	    	 To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys’ fees,
and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. Upon the exercise by the Company of this option, all liability and obligations
of the Company to the Insured under this policy, other than to make the payment required in this subsection, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. 

	 	(b)	 To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant. 

	 	(i)	 To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under
this policy. In addition, the Company will pay any costs, attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay; or

	 	(ii)	 To pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with
any costs,

	 	 
attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. 

	 	 Upon the exercise by the Company of either of the options provided for in subsections (b)(i) or (ii), the
Company’s obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation.

  

	8.	 DETERMINATION AND EXTENT OF LIABILITY 

This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has
suffered loss or damage by reason of matters insured against by this policy. 

	 	(a)	 The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of

	 	(i)	 the Amount of Insurance; or 

	 	(ii)	 the difference between the value of the Title as insured and the value of the Title subject to the risk insured against
by this policy. 

	 	(b)	 If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the
Title, as insured, 

	 	(i)	 the Amount of Insurance shall be increased by 10%, and 

	 	(ii)	 the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was
made by the Insured Claimant or as of the date it is settled and paid. 

	 	(c)	 In addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys’
fees, and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 

  

	9.	 LIMITATION OF LIABILITY 

	 	(a)	 If the Company establishes the Title, or removes the alleged defect, lien, or encumbrance, or cures the lack of a right
of access to or from the Land, or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its obligations with
respect to that matter and shall not be liable for any loss or damage caused to the Insured. 

	 	(b)	 In the event of any litigation, including litigation by the Company or with the Company’s consent, the Company
shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. 

	 	(c)	 The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in
settling any claim or suit without the prior written consent of the Company. 

  

	10.	 REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY 

All payments under this policy, except payments made for costs, attorneys’ fees, and expenses, shall reduce the Amount of
Insurance by the amount of the payment. 
  

	11.	 LIABILITY NONCUMULATIVE 

The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is
taken in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured
under this policy. 
  

	12.	 PAYMENT OF LOSS 

When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be
made within 30 days. 
  

	13.	 RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT 

	 	(a)	 Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the
rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys’ fees, and expenses
paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the
name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. 

If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its
right to recover until after the Insured Claimant shall have recovered its loss. 

 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 4
 Policy
Number:

  

	 	(b)	 The Company’s right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies
of insurance, or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 

  

	14.	 ARBITRATION 

Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title
Insurance Arbitration Rules of the American Land Title Association (“Rules”). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but
are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising
out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured. All arbitrable matters when the Amount of Insurance
is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s)
may be entered in any court of competent jurisdiction. 
  

	15.	 LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT 

	 	(a)	 This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract
between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. 

	 	(b)	 Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim shall be
restricted to this policy. 

	 	(c)	 Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or
expressly incorporated by Schedule A of this policy.

	 	(d)	 Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and
provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy, or (iv) increase the Amount of
Insurance. 

  

	16.	 SEVERABILITY 

        In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the
policy shall be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. 
  

	17.	 CHOICE OF LAW; FORUM 

	 	(a)	 Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined
the premium charged therefore in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located.

	 	    	 Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine
the validity of claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law.

	 	(b)	 Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a
state or federal court within the United States of America or its territories having appropriate jurisdiction. 

  

	18.	 NOTICES, WHERE SENT 

Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given
to the Company at 1 First American Way, Santa Ana, CA 92707, Attn: Claims Department. 

 

  
  

POLICY OF TITLE INSURANCE 
 

 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 5
 Policy
Number:

  

 SCHEDULE A 

First American Title Insurance Company 

Name and Address of the issuing Title Insurance Company: 

First American Title Insurance Company 
 18500 Von
Karman Ave, Suite 600 
 Irvine, CA 92612 
 File
No.:
NCS-762885-01-SA1                 
                                         
       Policy No.: 
 Address Reference: 1110, 1120, 1130,    1150, and 1180 Iron Point Road,
Folsom, CA 
 Amount of Insurance:
$36,700,000.00                                       
          Premium: $________ 
 Date of Policy: __/__/2017 at ___________ 

 

	1.	 Name of Insured: 

  

	 	 Keppel-KBS Iron Point, Inc., a Delaware corporation 

 

	2.	 The estate or interest in the Land that is insured by this policy is: 

 

	 	 A Fee. 

  

	3.	 Title is vested in: 

  

	 	 Keppel-KBS Iron Point, Inc., a Delaware corporation 

 

	4.	 The Land referred to in this policy is described as follows: 

 

	 	Real property in the City of Folsom, County of Sacramento, State of California, described as follows: 

  

	 	PARCELS 1, 2, 3, 4 AND 5, AS SHOWN ON THAT CERTAIN PARCEL MAP FILED IN THE OFFICE OF THE RECORDER OF THE COUNTY OF SACRAMENTO, STATE OF CALIFORNIA ON DECEMBER 20, 2002, IN BOOK 169 OF PARCEL MAPS, AT PAGE(S) 14.

  

	 	APN: 072-0880-024-0000 and 072-0880-025-0000 and 072-0880-026-0000 and 072-0880-027-0000 and 072-0880-028-0000

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 6
 Policy
Number:

  

 SCHEDULE B 

File No.:
NCS-762885-01-SA1                 
                                         
               Policy No.:  
 EXCEPTIONS FROM COVERAGE 

This Policy does not insure against loss or damage, and the Company will not pay costs, attorneys’ fees, or expenses that arise by reason of: 

 

					
		
	 1.
	 	 General and special taxes and assessments for the fiscal year 2017-2018.

		 	 First Installment:
	  	 $26,943.98, Payable but not yet due or delinquent

		 	 Penalty:
	  	 $0.00

		 	 Second Installment:
	  	 $26,943.98, Payable but not yet due or delinquent

		 	 Penalty:
	  	 $0.00

		 	 Tax Rate Area:
	  	 04-010

		 	 A. P. No.:
	  	
072-0880-024-0000

		
	 1A.
	 	 General and special taxes and assessments for the fiscal year 2017-2018.

		 	 First Installment:
	  	 $15,615.97, Payable but not yet due or delinquent

		 	 Penalty:
	  	 $0.00

		 	 Second Installment:
	  	 $15,615.97, Payable but not yet due or delinquent

		 	 Penalty:
	  	 $0.00

		 	 Tax Rate Area:
	  	 04-010

		 	 A. P. No.:
	  	
072-0880-025-0000

		
	 1B.
	 	 General and special taxes and assessments for the fiscal year 2017-2018.

		 	 First Installment:
	  	 $27,111.86, Payable but not yet due or delinquent

		 	 Penalty:
	  	 $0.00

		 	 Second Installment:
	  	 $27,111.86, Payable but not yet due or delinquent

		 	 Penalty:
	  	 $0.00

		 	 Tax Rate Area:
	  	 04-010

		 	 A. P. No.:
	  	
072-0880-026-0000

		
	 1C.
	 	 General and special taxes and assessments for the fiscal year 2017-2018.

		 	 First Installment:
	  	 $16,788.77, Payable but not yet due or delinquent

		 	 Penalty:
	  	 $0.00

		 	 Second Installment:
	  	 $16,788.77, Payable but not yet due or delinquent

		 	 Penalty:
	  	 $0.00

		 	 Tax Rate Area:
	  	 04-010

		 	 A. P. No.:
	  	
072-0880-027-0000

		
	 1D.
	 	 General and special taxes and assessments for the fiscal year 2017-2018.

		 	 First Installment:
	  	 $84,559.60, Payable but not yet due or delinquent

		 	 Penalty:
	  	 $0.00

		 	 Second Installment:
	  	 $84,559.60, Payable but not yet due or delinquent

		 	 Penalty:
	  	 $0.00

		 	 Tax Rate Area:
	  	 04-010

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 7
 Policy
Number:

  

					
		 	 A. P. No.:
	  	
072-0880-028-0000

  

	2.	 This item has been intentionally deleted. 

 

	3.	 This item has been intentionally deleted. 

 

	4.	 This item has been intentionally deleted. 

 

	5.	 This item has been intentionally deleted. 

 

	6.	The lien of special tax for the following community facilities district, which tax is collected with the county taxes.     

	 	District:                                   
          Natoma Station CFD No. 2 

  

	7.	The lien of supplemental taxes, if any, assessed pursuant to Chapter 3.5 commencing with Section 75 of the California Revenue and Taxation Code. 

 

	8.	This item has been intentionally deleted. 

  

	9.	Covenants, conditions, restrictions and easements in the document recorded March 25, 1982 as Book 8203-25 Page 230 of Official Records, which provide that a violation thereof
shall not defeat or render invalid the lien of any first mortgage or deed of trust made in good faith and for value, but deleting any covenant, condition or restriction indicating a preference, limitation or discrimination based on race, color,
religion, sex, handicap, familial status, national origin, sexual orientation, marital status, ancestry, source of income or disability, to the extent such covenants, conditions or restrictions violate Title 42, Section 3604(c), of the United
States Codes or Section 12955 of the California Government Code. Lawful restrictions under state and federal law on the age of occupants in senior housing or housing for older persons shall not be construed as restrictions based on familial
status. 

  

	 	Document(s) declaring modifications thereof recorded October 19, 1988 as Instrument No. 235501 in Book 1019 Page 1931 of Official Records. 

 

	10.	An easement shown or dedicated on the map of Natoma Station recorded May 23, 1989 on file in book 193, page 9, of Tract Maps. 

	 	For: Public utility and incidental purposes. 

  

	11.	The terms and provisions contained in the document entitled “Development Agreement” recorded August 21, 1989 as Book 8908-21 Page 974 of Official Records.

  

	 	The terms and provisions contained in the document entitled “Assignment and Assumption Agreement Relative to Natoma Station Development Agreement” recorded March 2, 1990 as Book 9003-02 Page 54 of Official Records. 

  

	 	The terms and provisions contained in the document entitled “Assignment and Assumption Agreement Relative to Natoma Station Development Agreement” recorded March 2, 1990 as Book 9003-02 Page 55 of Official Records. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 8
 Policy
Number:

  

	12.	Covenants, conditions, restrictions and easements in the document recorded December 11, 1989 as Book 8912-11 Page 2378 of Official Records, which provide that a violation
thereof shall not defeat or render invalid the lien of any first mortgage or deed of trust made in good faith and for value, but deleting any covenant, condition or restriction indicating a preference, limitation or discrimination based on race,
color, religion, sex, handicap, familial status, national origin, sexual orientation, marital status, ancestry, source of income or disability, to the extent such covenants, conditions or restrictions violate Title 42, Section 3604(c), of the
United States Codes or Section 12955 of the California Government Code. Lawful restrictions under state and federal law on the age of occupants in senior housing or housing for older persons shall not be construed as restrictions based on
familial status. 

 Document re-recorded November 2, 1990 as Book 9011-02, Page 1237 of Official Records. 
 Document(s) declaring modifications thereof recorded September 28,
1992 as Book 9209-28 Page 1360 of Official Records. 
  

	13.	The terms and provisions contained in the document entitled “Memorandum of Agreement” recorded August 14, 1990 as Book 9008-14 Page 1678 of Official Records.

  

	14.	An easement for (1) communication facilities and (2) electrical underground facilities and incidental purposes, recorded November    23, 1999 as Book
9911-23 Page 475 of Official Records. 

 In Favor
of:                                        
Pacific Bell and Sacramento Municipal Utilities District (SMUD) 

Affects:                        
                       As described therein 
  

	15.	An easement for electrical and communication facilities and incidental purposes, recorded June 8, 2000 as Book 200006-08 Page 276 of Official Records.    

 In Favor
of:                                         
 Sacramento Municipal Utility District 

Affects:                        
                        As described therein 
  

	16.	An easement shown or dedicated on the map of Parcel Map recorded December 20, 2002 on file in book 169, page 14, of Parcel Maps. 

	 	For: Public easement for the installation and maintenance of water, gas, sewer and drainage pipes, and for traffic control, appurtenances, poles and overhead and underground wires and conduits for electric, television
and telephone services together with any and all appurtenances pertaining thereto and for reciprocal water, sewer, drainage, utility, parking, ingress and egress easements across all parcels and incidental purposes. 

 

	17.	Matters in a document entitled “Declaration of Covenants, Conditions and Restrictions for Iron Point Business Park”, executed by and between Iron Point Capital Investors, recorded December 20, 2002 as
Book 20021220, Page 2224 of Official Records, including but not limited to covenants, conditions, restrictions, easements, assessments, liens and charges. 

  

	18.	This item has been intentionally deleted. 

  

	19.	This item has been intentionally deleted. 

  

	20.	Rights of tenants, as tenants only, under prior, unrecorded leases. Said leases contain no option to purchase or right of first refusal 

 

	21.	Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 9
 Policy
Number:

  

  
 

 
 COVENANTS, CONDITIONS AND RESTRICTIONS - 

IMPROVED LAND - OWNER’S POLICY ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 

File No.: NCS-762885-01-SA1 

 

	  1.	 The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the
Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions in the policy. 

  

	  2.	 For the purposes of this endorsement only, 

 

	 	  a.	 “Covenant” means a covenant, condition, limitation or restriction in a document or instrument in effect at
Date of Policy. 

  

	 	  b.	 “Improvement” means a building, structure located on the surface of the Land, road, walkway, driveway, or
curb, affixed to the Land at Date of Policy and that by law constitutes real property, but excluding any crops, landscaping, lawn, shrubbery, or trees. 

  

	  3.	 The Company insures against loss or damage sustained by the Insured by reason of: 

 

	 	  a.	 A violation on the Land at Date of Policy of an enforceable Covenant, unless an exception in Schedule B of the policy
identifies the violation; 

  

	 	  b.	 Enforced removal of an Improvement as a result of a violation, at Date of Policy, of a building setback line shown on a
plat of subdivision recorded or filed in the Public Records, unless an exception in Schedule B of the policy identifies the violation; or 

  

	 	  c.	 A notice of a violation, recorded in the Public Records at Date of Policy, of an enforceable Covenant relating to
environmental protection describing any part of the Land and referring to that Covenant, but only to the extent of the violation of the Covenant referred to in that notice, unless an exception in Schedule B of the policy identifies the notice of the
violation. 

  

	  4.	 This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or
expenses) resulting from: 

  

	 	  a.	 any Covenant contained in an instrument creating a lease; 

 

	 	  b.	 any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; or

  

	 	  c.	 except as provided in Section 3.c, any Covenant relating to environmental protection of any kind or nature,
including hazardous or toxic matters, conditions, or substances. 

 This endorsement is issued as part of the policy. Except as it expressly states,
it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 10
 Policy
Number:

  

 endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this
endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
 Date: 

    First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                     

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                     

    Jeffrey S. Robinson 

    Secretary 

  

					
	 Form 50-10801 (7-1-14)    
	  	
Page 10 of 21    
	 	ALTA 9.2-06 Covenants, Conditions and Restrictions Improved Land - Owner’s
Policy (Rev. 4-2-12)

 First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 11
 Policy
Number:

  

  
  
 

 
 MULTIPLE TAX PARCEL 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 
 File No.: NCS-762885-01-SA1 
 The Company
insures against loss or damage sustained by the Insured by reason of: 
  

	 	1.	those portions of the Land identified below not being assessed for real estate taxes under the listed tax identification numbers or those tax identification numbers including any additional land: 

 

			
	 Parcel:
	  	 Tax Identification Numbers:

		
	 Parcel 1
	  	
072-0880-024-0000

	 Parcel 2
	  	
072-0880-025-0000

	 Parcel 3
	  	
072-0880-026-0000

	 Parcel 4
	  	
072-0880-027-0000

	 Parcel 5
	  	
072-0880-028-0000

  

	 	2.	the easements, if any, described in Schedule A being cut off or disturbed by the nonpayment of real estate taxes, assessments or other charges imposed on the servient estate by a governmental authority.

 This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the
policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	
Form 50-10049 (7-1-14)            
	  	
Page 11 of 21            
	  	ALTA 18.1-06 Multiple Tax Parcel (6-17-06)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 12
 Policy
Number:

  

  
 

 
 SAME AS SURVEY ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 

File No.: NCS-762885-01-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of the Land as described in Schedule A to be the same as that identified on
the survey made by Bock & Clark Corp. dated 9/11/2017 last revised 9/18/2017, and designated Job No. 201703038-004. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	 Form 50-10059 (7-1-14)    
	  	
Page 12 of 21                    

	  	
ALTA 25-06 Same as Survey (10-16-08)
 CLTA 116.1-06
(10-16-08)

 First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 13
 Policy
Number:

  

  
 

 
 SUBDIVISION ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 

File No.: NCS-762885-01-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of the Land to constitute a lawfully created parcel according to the
subdivision statutes and local subdivision ordinances applicable to the Land. 
 This endorsement is issued as part of the policy. Except as it expressly states, it
does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a
previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	 Form 50-10061 (7-1-14)    
	  	
Page 13 of 21                    
    
	  	ALTA 26-06 Subdivision (10-16-08)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 14
 Policy
Number:

  

  
 

 
 ACCESS AND ENTRY 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 
 File No.: NCS-762885-01-SA1 
 The Company insures against
loss or damage sustained by the Insured if, at Date of Policy (i) the Land does not abut and have both actual vehicular and pedestrian access to and from both Iron Point Road, and Black Diamond Drive (collectively the “Streets”), (ii)
the Streets are not physically open and publicly maintained, or (iii) the Insured has no right to use existing curb cuts or entries along those portions of the Streets abutting the Land. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	 Form 50-10045 (7-1-14)
	  	 Page 14 of 21
	  	ALTA 17-06 Access and Entry (6-17-06)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 15
 Policy
Number:

  

  
 

 
 ZONING - COMPLETED 

STRUCTURE ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 
 File No.: NCS-762885-01-SA1 
  

	  1.	The Company insures against loss or damage sustained by the Insured in the event that, at Date of Policy, 

	 	  a.	according to applicable zoning ordinances and amendments, the Land is not classified Zone “BP-PD” Business and Professional, Planned Development (Iron Point Business
Park); 

	 	  b.	the following use or uses are not allowed under that classification: Professional Office 

	 	  c.	There shall be no liability under paragraph 1.b. if the use or uses are not allowed as the result of any lack of compliance with any conditions, restrictions, or requirements contained in the zoning ordinances and
amendments, including but not limited to the failure to secure necessary consents or authorizations as a prerequisite to the use or uses. This paragraph 1.c. does not modify or limit the coverage provided in Covered Risk 5. 

 

	  2.	The Company further insures against loss or damage sustained by the Insured by reason of a final decree of a court of competent jurisdiction either prohibiting the use of the Land, with any existing structure, as
specified in paragraph 1.b. or requiring the removal or alteration of the structure, because, at Date of Policy, the zoning ordinances and amendments have been violated with respect to any of the following matters: 

	 	  a.	Area, width, or depth of the Land as a building site for the structure 

	 	  b.	Floor space area of the structure 

	 	  c.	Setback of the structure from the property lines of the Land 

	 	  d.	Height of the structure, or 

	 	  e.	Number of parking spaces. 

  

	  3.	There shall be no liability under this endorsement based on: 

	 	  a.	the invalidity of the zoning ordinances and amendments until after a final decree of a court of competent jurisdiction adjudicating the invalidity, the effect of which is to prohibit the use or uses; 

	 	  b.	the refusal of any person to purchase, lease or lend money on the Title covered by this policy. 

 This endorsement is
issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount
of Insurance. To the extent a provision of the policy or a previous 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 16
 Policy
Number:

  

 endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this
endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
 Date: 

    First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	 Form 50-10576 (7-1-14)
	  	
Page 16 of 21        
	  	
ALTA 3.1-06 Zoning - Completed Structure (Rev. 10-22-09)

CLTA 123.2-06 (Rev. 10-22-09)

 First
American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 17
 Policy
Number:

  

  
 

 
 LOCATION ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 

File No.: NCS-762885-01-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of a 

Professional Office Building 
 known as 1110, 1120 ,
1130, 1150, and 1180 Iron Point Road, Folsom, CA, 
 to be located on the Land at Date of Policy. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	 Form 50-10054 (7-1-14)
	  	
Page 17 of 21        
	  	ALTA 22-06 Location (6-17-06)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 18
 Policy
Number:

  

  
 

 
 ENCROACHMENTS - BOUNDARIES AND EASEMENTS 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 
 File No.: NCS-762885-01-SA1 
  

	  1.	The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions
in the policy. 

  

	  2.	For purposes of this endorsement only, “Improvement” means an existing building, located on either the Land or adjoining land at Date of Policy and that by law constitutes real property. 

 

	  3.	The Company insures against loss or damage sustained by the Insured by reason of: 

  

	 	  a.	An encroachment of any Improvement located on the Land onto adjoining land or onto that portion of the Land subject to an easement, unless an exception in Schedule B of the policy identifies the encroachment;

  

	 	  b.	An encroachment of any Improvement located on adjoining land onto the Land at Date of Policy, unless an exception in Schedule B of the policy identifies the encroachment; 

 

	 	  c.	Enforced removal of any Improvement located on the Land as a result of an encroachment by the Improvement onto any portion of the Land subject to any easement, in the event that the owners of the easement shall, for the
purpose of exercising the right of use or maintenance of the easement, compel removal or relocation of the encroaching Improvement; or 

  

	 	  d.	Enforced removal of any Improvement located on the Land that encroaches onto adjoining land. 

  

	  4.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from the encroachments listed as Exceptions None of Schedule B.

 This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the
policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 19
 Policy
Number:

  

 endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this
endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
 Date: 

    First American Title Insurance Company 

    /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	 Form 50-10808 (7-1-14)    
	  	
Page 19 of 21            
	  	ALTA 28.1-06 - Encroachments - Boundaries and Easements (4-2-12)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 20
 Policy
Number:

  

  
 

 
 DELETION OF ARBITRATION - ALTA OWNER’S POLICY 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 
 File No.: NCS-762885-01-SA1 
  

	  1.	 The policy is hereby amended by deleting Paragraph 14 from the Conditions of the policy. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
     First American
Title Insurance Company 
     /s/ Dennis J.
Gilmore                         

    Dennis J. Gilmore 

    President 

    /s/ Jeffrey S.
Robinson                         

    Jeffrey S. Robinson 

    Secretary 

  

					
	 Form 50-10879 (7-1-14)    
	  	
Page 20 of 21        
	  	Deletion of Arbitration - ALTA Owner’s Policy (6-05)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 21
 Policy
Number:

  

  
 

 
 Privacy Information 
 We Are Committed to
Safeguarding Customer Information 
 In order to better serve your needs now and in the future, we may ask you to provide us with certain
information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to
us. Therefore, together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. 
 Applicability

 This Privacy Policy governs our use of the information that you provide to us. It does not govern the manner in which we may use information we
have obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source. First
American calls these guidelines its Fair Information Values. 
 Types of Information 

Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include: 

	 	●	 	 Information we receive from you on applications, forms and in other communications to us, whether in writing, in person,
by telephone or any other means; 

	 	●	 	 Information about your transactions with us, our affiliated companies, or others; and 

	 	●	 	 Information we receive from a consumer reporting agency. 

Use of Information 
 We request information from you for our own
legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested of
us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts
or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and
casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore, we may also provide all the information we
collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing agreements. 

Former Customers 
 Even if you are no longer our customer, our
Privacy Policy will continue to apply to you. 
 Confidentiality and Security 

We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal
information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be
handled responsibly and in accordance with this Privacy Policy and First American’s Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic
personal information. 
 Information Obtained Through Our Web Site 

First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information
about you we receive on the Internet. 
 In general, you can visit First American or its affiliates’ Web sites on the World Wide Web without
telling us who you are or revealing any information about yourself. Our Web servers collect the domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of
visits, average time spent on the site, pages viewed and similar information. First American uses this information to measure the use of our site and to develop ideas to improve the content of our site. 

There are times, however, when we may need information from you, such as your name and email address. When information is needed, we will use our best
efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific account/profile
information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above. 
 Business Relationships

 First American Financial Corporation’s site and its affiliates’ sites may contain links to other Web sites. While we try to link only
to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy practices employed by other sites. 
 Cookies

 Some of First American’s Web sites may make use of “cookie” technology to measure site activity and to customize information to
your personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the cookie on your hard drive. 
 FirstAm.com uses stored cookies. The goal of this technology is to better serve you when visiting our site, save you time when you are here and to provide you
with a more meaningful and productive Web site experience. 
  

					
	 	  		  	

 Fair Information Values 

Fairness We consider consumer expectations about their privacy in all our businesses. We only offer products and services that assure a favorable
balance between consumer benefits and consumer privacy. 
 Public Record We believe that an open public record creates significant value for
society, enhances consumer choice and creates consumer opportunity. We actively support an open public record and emphasize its importance and contribution to our economy. 

Use We believe we should behave responsibly when we use information about a consumer in our business. We will obey the laws governing the
collection, use and dissemination of data. 
 Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and
disseminate. Where possible, we will take reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source
of the erroneous data so that the consumer can secure the required corrections. 
 Education We endeavor to educate the users of our products and
services, our employees and others in our industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our industry to
collect and use information in a responsible manner. 
 Security We will maintain appropriate facilities and systems to protect against
unauthorized access to and corruption of the data we maintain. 
  

  

					
	 Form 50-PRIVACY (9/1/10)
	  	
Page 1 of 1                     
    
	  	Privacy Information (2001-2010 First American Financial Corporation)

 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	 

  

					
	 Form No. 1402.06
	 	

	  	Policy Page 1
	 ALTA Owner’s Policy (6-17-06)
	 	  	Policy Number: 762885-13
	 1100302P050600
	 	  	

 OWNER’S POLICY OF TITLE INSURANCE 

ISSUED BY 
 First American Title
Insurance Company 
 Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be
given to the Company at the address shown in Section 18 of the Conditions. 
 COVERED RISKS 

 

 SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE
CONDITIONS, FIRST AMERICAN TITLE INSURANCE COMPANY, a Nebraska corporation (the “Company”) insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the
Amount of Insurance, sustained or incurred by the Insured by reason of: 

	1.	 Title being vested other than as stated in Schedule A. 

	2.	 Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against
loss from 

	 	(a)	 A defect in the Title caused by 

	 	(i)	 forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; 

	 	(ii)	 failure of any person or Entity to have authorized a transfer or conveyance; 

	 	(iii)	 a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered;

	 	(iv)	 failure to perform those acts necessary to create a document by electronic means authorized by law;

	 	(v)	 a document executed under a falsified, expired, or otherwise invalid power of attorney; 

	 	(vi)	 a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by
electronic means authorized by law; or 

	 	(vii)	 a defective judicial or administrative proceeding. 

	 	(b)	 The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but
unpaid. 

	 	(c)	 Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be
disclosed by an accurate and complete land survey of the Land. The term ”encroachment” includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements
located on adjoining land. 

	3.	 Unmarketable Title. 

	4.	 No right of access to and from the Land. 

	5.	 The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to
building and zoning) restricting, regulating, prohibiting, or relating to 

	 	(a)	 the occupancy, use, or enjoyment of the Land; 

	 	(b)	 the character, dimensions, or location of any improvement erected on the Land; 

	 	(c)	 the subdivision of land; or 

	 	(d)	 environmental protection 

	 	 if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or
intention to enforce, but only to the extent of the violation or enforcement referred to in that notice. 

	6.	 An enforcement action based on the exercise of a governmental

	 	 police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is
recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 

	7.	 The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded
in the Public Records. 

	8.	 Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without
Knowledge. 

	9.	 Title being vested other than as stated in Schedule A or being defective 

	 	(a)	 as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer
of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state
insolvency, or similar creditors’ rights laws; or 

	 	(b)	 because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under
federal bankruptcy, state insolvency, or similar creditors’ rights laws by reason of the failure of its recording in the Public Records 

	 	(i)	 to be timely, or 

	 	(ii)	 to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 

	10.	 Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been
created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.

 The Company will also pay the costs, attorneys’ fees, and expenses incurred in defense of any matter insured against by this policy, but
only to the extent provided in the Conditions. 
 First American Title Insurance Company 

/s/ Dennis J.
Gilmore                         

Dennis J. Gilmore 
 President 

/s/ Jeffrey S.
Robinson                         

Jeffrey S. Robinson 
 Secretary

 

  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 2
 Policy
Number: 762885-13

  

 EXCLUSIONS FROM COVERAGE 

The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage, costs, attorneys’ fees,
or expenses that arise by reason of: 

	1.	 (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning)
restricting, regulating, prohibiting, or relating to 

	 	(i)	 the occupancy, use, or enjoyment of the Land; 

	 	(ii)	 the character, dimensions, or location of any improvement erected on the Land; 

	 	(iii)	 the subdivision of land; or 

	 	(iv)	 environmental protection; 

	 	 or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not
modify or limit the coverage provided under Covered Risk 5. 

	 	(b)	 Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6.

	2.	 Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.

	3.	 Defects, liens, encumbrances, adverse claims, or other matters 

	 	(a)	 created, suffered, assumed, or agreed to by the Insured Claimant; 

	 	(b)	 not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and
not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; 

	 	(c)	 resulting in no loss or damage to the Insured Claimant; 

	 	(d)	 attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under
Covered Risks 9 and 10); or 

	 	(e)	 resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title.

	4.	 Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws,
that the transaction vesting the Title as shown in Schedule A, is 

	 	(a)	 a fraudulent conveyance or fraudulent transfer; or 

	 	(b)	 a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 

	5.	 Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching
between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 

CONDITIONS 

	1.	 DEFINITION OF TERMS 

The following terms when used in this policy mean: 

	 	(a)	 “Amount of Insurance”: The amount stated in Schedule A, as may be increased or decreased by endorsement to
this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. 

	 	(b)	 “Date of Policy”: The date designated as “Date of Policy” in Schedule A. 

	 	(c)	 “Entity”: A corporation, partnership, trust, limited liability company, or other similar legal entity.

	 	(d)	 “Insured”: The Insured named in Schedule A. 

	 	(i)	 The term “Insured” also includes 

	 	(A)	 successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees,
survivors, personal representatives, or next of kin; 

	 	(B)	 successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization; 

	 	(C)	 successors to an Insured by its conversion to another kind of Entity; 

	 	(D)	 a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title

	 	(1)	 if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured,

	 	(2)	 if the grantee wholly owns the named Insured, 

	 	(3)	 if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the
named Insured are both wholly-owned by the same person or Entity, or 

	 	(4)	 if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named
in Schedule A for estate planning purposes.

	 	(ii)	 With regard to (A), (B), (C), and (D) reserving, however, all rights and defenses as to any successor that the
Company would have had against any predecessor Insured. 

	 	(e)	 “Insured Claimant”: An Insured claiming loss or damage. 

	 	(f)	 “Knowledge” or “Known”: Actual knowledge, not constructive knowledge or notice that may be imputed
to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. 

	 	(g)	 “Land”: The land described in Schedule A, and affixed improvements that by law constitute real property. The
term “Land” does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not
modify or limit the extent that a right of access to and from the Land is insured by this policy. 

	 	(h)	 “Mortgage”: Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by
electronic means authorized by law. 

	 	(i)	 “Public Records”: Records established under state statutes at Date of Policy for the purpose of imparting
constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), “Public Records” shall also include environmental protection liens filed in the records of the clerk
of the United States District Court for the district where the Land is located. 

	 	(j)	 “Title”: The estate or interest described in Schedule A. 

	 	(k)	 “Unmarketable Title”: Title affected by an alleged or apparent matter that would permit a prospective
purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 

 

	2.	 CONTINUATION OF INSURANCE 

The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured
retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance
of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 

 

	3.	 NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT 

The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these
Conditions, (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy,
or (iii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company’s liability to the Insured Claimant under the policy shall be
reduced to the extent of the prejudice. 
  

	4.	 PROOF OF LOSS 

In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition
of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the
extent possible, the basis of calculating the amount of the loss or damage. 
  

	5.	 DEFENSE AND PROSECUTION OF ACTIONS 

	 	(a)	 Upon written request by the Insured, and subject to the options contained in Section 7 of these Conditions, the
Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those
stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those
stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs, or expenses incurred by the Insured in the defense of those causes of action that allege matters not
insured against by this policy. 

	 	(b)	 The Company shall have the right, in addition to the options contained in

 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 3
 Policy
Number: 762885-13

  

	 	 	 Section 7 of these Conditions, at its own cost, to institute and prosecute any action or proceeding or to do any
other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate action under the terms of this policy, whether or not it
shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this subsection, it must do so diligently.

	 	(c)	 Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may
pursue the litigation to a final determination by a court of competent jurisdiction, and it expressly reserves the right, in its sole discretion, to appeal any adverse judgment or order. 

 

	6.	 DUTY OF INSURED CLAIMANT TO COOPERATE 

	 	(a)	 In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or
proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by
the Company, the Insured, at the Company’s expense, shall give the Company all reasonable aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any
other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the
Company’s obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation.

	 	(b)	 The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized
representative of the Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including
books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if
requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of
a third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of
the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from
third parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 

 

	7.	 OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY 

	 	 In case of a claim under this policy, the Company shall have the following additional options: 

	 	(a)	 To Pay or Tender Payment of the Amount of Insurance. 

	 	 	 To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys’ fees,
and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. Upon the exercise by the Company of this option, all liability and obligations
of the Company to the Insured under this policy, other than to make the payment required in this subsection, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. 

	 	(b)	 To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant. 

	 	(i)	 To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under
this policy. In addition, the Company will pay any costs, attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay; or

	 	(ii)	 To pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with
any costs, 

	 	 	 attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time
of payment and that the Company is obligated to pay. 

	 	 Upon the exercise by the Company of either of the options provided for in subsections (b)(i) or (ii), the
Company’s obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation.

  

	8.	 DETERMINATION AND EXTENT OF LIABILITY 

This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has
suffered loss or damage by reason of matters insured against by this policy. 

	 	(a)	 The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of

	 	(i)	 the Amount of Insurance; or 

	 	(ii)	 the difference between the value of the Title as insured and the value of the Title subject to the risk insured against
by this policy. 

	 	(b)	 If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the
Title, as insured, 

	 	(i)	 the Amount of Insurance shall be increased by 10%, and 

	 	(ii)	 the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was
made by the Insured Claimant or as of the date it is settled and paid. 

	 	(c)	 In addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys’
fees, and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 

  

	9.	 LIMITATION OF LIABILITY 

	 	(a)	 If the Company establishes the Title, or removes the alleged defect, lien, or encumbrance, or cures the lack of a right
of access to or from the Land, or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its obligations with
respect to that matter and shall not be liable for any loss or damage caused to the Insured. 

	 	(b)	 In the event of any litigation, including litigation by the Company or with the Company’s consent, the Company
shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. 

	 	(c)	 The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in
settling any claim or suit without the prior written consent of the Company. 

  

	10.	 REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY 

All payments under this policy, except payments made for costs, attorneys’ fees, and expenses, shall reduce the Amount of
Insurance by the amount of the payment. 
  

	11.	 LIABILITY NONCUMULATIVE 

The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is
taken in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured
under this policy. 
  

	12.	 PAYMENT OF LOSS 

When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be
made within 30 days. 
  

	13.	 RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT 

	 	(a)	 Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the
rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys’ fees, and expenses
paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the
name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. 

	 	 	 If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the
exercise of its right to recover until after the Insured Claimant shall have recovered its loss. 

 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 4
 Policy
Number: 762885-13

  

	 	(b)	 The Company’s right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies
of insurance, or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 

  

	14.	 ARBITRATION 

Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title
Insurance Arbitration Rules of the American Land Title Association (“Rules”). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but
are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising
out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured. All arbitrable matters when the Amount of Insurance
is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s)
may be entered in any court of competent jurisdiction. 
  

	15.	 LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT 

	 	(a)	 This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract
between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. 

	 	(b)	 Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim shall be
restricted to this policy. 

	 	(c)	 Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or
expressly incorporated by Schedule A of this policy. 

 

	 	(d)	 Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and
provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy, or (iv) increase the Amount of
Insurance. 

  

	16.	 SEVERABILITY 

In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy
shall be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. 
  

	17.	 CHOICE OF LAW; FORUM 

	 	(a)	 Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined
the premium charged therefore in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located.
Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In
neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. 

	 	(b)	 Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a
state or federal court within the United States of America or its territories having appropriate jurisdiction. 

  

	18.	 NOTICES, WHERE SENT 

Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given
to the Company at 1 First American Way, Santa Ana, CA 92707, Attn: Claims Department. 

 

  
  

POLICY OF TITLE INSURANCE 
  

 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 5
 Policy
Number: 762885-13

  

 SCHEDULE A 

First American Title Insurance Company 

Name and Address of the issuing Title Insurance Company: 

First American Title Insurance Company 

18500 Von Karman Ave, Suite 600 

Irvine, CA 92612 
  

			
	 File No.: NCS-762885-13-SA1 
	  	 Policy No.: 762885-13 

	 Address Reference: 10055, 10075, 10155, 10225, 10355, and 10385 Westmoor Drive, Westminster,
CO

	 Amount of Insurance: $117,075,000.00
	  	 Premium: $
                        

	 Date of Policy: Date of Recording at Time of Recording
	  	

  

					
	 1.
	  	 Name of Insured:
	  	
		
		  	 Keppel-KBS Westmoor Center, Inc., a Delaware corporation

		
	 2.
	  	 The estate or interest in the Land that is insured by this policy is:

		
		  	 Fee Simple as to Parcels 1-A, 2-A, 3-A, 4-A, 5-A, 6-A and Easement as to Parcels 1-B, 2-B, 3-B, 4- B, 5-B, 5-C, 6-B, 6-C, 6-D and 6-E

			
	 3.
	  	 Title is vested in:
	  	
		
		  	 Keppel-KBS Westmoor Center, Inc., a Delaware corporation

		
	 4.
	  	 The Land referred to in this policy is described as follows:

			
		  	 Parcel 1:
	  	
			
		  	 Parcel A:
	  	
		
		  	 Lot 1, Block 1, Westmoor Technology Park Final Plat recorded June 29, 1998 at Reception No.

		  	 F0640311, Plat Book 141, Pages 65 through 69,
	  	
		  	 County of Jefferson,
	  	
		  	 State of Colorado.
	  	
			
		  	 Parcel B:
	  	
		
		  	 Together with the beneficial easements created under the Reciprocal Easement and Maintenance

		  	 Agreement recorded January 7, 1998 at Reception No. F0536313,

		  	 County of Jefferson,
	  	
		  	 State of Colorado
	  	
			
		  	 Parcel 2:
	  	
			
		  	 Parcel A:
	  	
		
		  	 Lot 2, Block 1, Westmoor 1 Technology Park, Final Plat recorded June 29, 1998, at Reception No.

		  	 F0640311, Plat Book 141, Pages 65 through 69,
	  	
		  	 County of Jefferson,
	  	
		  	 State of Colorado
  

Parcel B:
	  	

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 6
 Policy
Number: 762885-13

  

 Together with the beneficial easements created under the Reciprocal Easement and
Maintenance 
 Agreement recorded January 7, 1998 at Reception No. F0536313, 

County of Jefferson, 

State of Colorado 

Parcel 3: 
 Parcel
A: 
 Lot 3, Block 1, Westmoor Technology Park, Final Plat recorded June 29, 1998 at Reception No. 

F0640311, Plat Book 141, Pages 65 through 69, 

County of Jefferson, 

State of Colorado 

Parcel B: 
 Together
with the beneficial easements created under the Reciprocal Easement and Maintenance 
 Agreement recorded January 7, 1998 at
Reception No F0536313, 
 County of Jefferson, 

State of Colorado 

Parcel 4: 
 Parcel
A: 
 Lot 4, Block 1, Westmoor Technology Park, Final Plat recorded June 29, 1998 at Reception No, 

F0640311, Plat Book 141, Pages 65 through 69, 

County of Jefferson, 

State of Colorado. 

Parcel B: 
 Together
with the beneficial easements created under the Reciprocal Easement and Maintenance 
 Agreement recorded January 7, 1998 at
Reception No. F0536313, 
 County of Jefferson, 

State of Colorado 

Parcel 5: 
 Parcel
A: 
 Lot 5A, Block 1, Westmoor Technology Park, 1st Replat recorded December 30, 1998 at 

Reception No. F0768465, Plat Book 145, Pages 35 through 36, 

County of Jefferson, 

State of Colorado 

Parcel B: 
 Together
with the beneficial easements created under the Reciprocal Easement and Maintenance 
 Agreement recorded 7, 1998 at Reception No
F0536313, 
 County of Jefferson, 

State of Colorado 

Parcel C: 
 Together
with the beneficial easements created under the Slope Easement recorded October 16, 
 1998 at Reception No. F0716003, 

County of Jefferson, 

State of Colorado 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 7
 Policy
Number: 762885-13

  

 Parcel 6: 

Parcel A: 
 Lot 5B,
Block 1, Westmoor Technology Park, 1st Replat recorded December 30, 1998 at 
 Reception No. F0768465, Plat Book 145, Pages 35
through 36, 
 County of Jefferson, 

State of Colorado. 

Parcel B: 
 Together
with the beneficial easements created under the Reciprocal Easement and Maintenance 
 Agreement recorded January 7, 1998 at
Reception No, F0536313, 
 County of, Jefferson, 

State of Colorado. 

Parcel C: 
 Together
with the beneficial easements created under the Slope Easement recorded October 16, 
 1998 at Reception No F0716003, 

County of Jefferson, 

State of Colorado. 

Parcel D: 
 Together
with the beneficial easements for Storm Drainage as granted on the 1st Replat of 
 Westmoor Technology Park, recorded
December 30, 1998 at Reception No. F0768465, Plat Book 
 145 at Pages 35 and 36, 

County of Jefferson, 

State of Colorado, 

Parcel E: 
 Together
with the beneficial easements created under Declaration of Non-exclusive Access 
 Easement
recorded December 30, 1998 at Reception No. F0768468, 
 County of Jefferson, 

State of Colorado 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 8
 Policy
Number: 762885-13

  

 SCHEDULE B 

File No.: NCS-762885-13-SA1
                                         
                                       Policy No.: 762885-13  
 EXCEPTIONS FROM COVERAGE 

This Policy does not insure against loss or damage, and the Company will not pay costs, attorneys’ fees, or expenses that arise by reason of: 

 

	1.	 This item has been intentionally deleted. 

 

	2.	 This item has been intentionally deleted. 

 

	3.	 This item has been intentionally deleted. 

 

	4.	 This item has been intentionally deleted. 

 

	5.	 This item has been intentionally deleted. 

 

	6.	 Water rights, claims or title to water, whether or not shown by the public records. 

 

	7.	 Any and all unpaid taxes, assessments and unredeemed tax sales. 

 

	8.	Rights of tenants, as tenants only, under unrecorded leases as shown on the attached rent roll, with no options to purchase or rights of first refusal to purchase all or any portion of the Land. 

 

	9.	Reservation of coal and minerals as set forth in Deed recorded June 13, 1895 in Book 94 at Page 400. 

  

	10.	Terms, conditions, provisions, obligations, easements and agreements as set forth in the Reciprocal Easement and Maintenance Agreement recorded January 7, 1998 at Reception No. F0536313. 

 

	11.	Easements, notes, covenants, restrictions and rights-of-way as shown on the plat of Final Plat Westmoor Technology Park, recorded
June 29, 1998 at Reception No. F0640311. 

  

	12.	Easements, notes, covenants, restrictions and rights-of-way as shown on the plat of Westmoor Technology Park, 1st Replat, recorded
December 30, 1998 at Reception No. F0768465. 

  

	13.	Terms, conditions, provisions, obligations, easements and agreements as set forth in the Slope Easement recorded October 16, 1998 at Reception No. F0716003. 

 

	14.	Terms, conditions, provisions, obligations, easements and agreements as set forth in the Easement Agreement recorded October 20, 1998 at Reception No. F0718309. 

 

	15.	Terms, conditions, provisions, obligations, easements and agreements as set forth in the Landscaping and Private Improvements Agreement for Westmoor Business Park, Lots 5A and 5B, Block 1 recorded December 30, 1998
at Reception No. F0768467. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 9
 Policy
Number: 762885-13

  

	16.	Terms, conditions, provisions, obligations, easements and agreements as set forth in the Declaration of Nonexclusive Access Easement recorded December 30, 1998 at Reception No. F0768468. 

 

	17.	Terms, conditions, provisions, obligations and agreements as set forth in the Exclusion and Service Agreement recorded November 4, 2005 at Reception No. 2005110073. 

 

	18.	Terms, conditions, provisions, obligations and agreements as set forth in the Conference Center Agreement recorded June 7, 2013 at Reception No. 2013068907. 

NOTE: Request for Notification of Surface Development in connection therewith recorded May 16, 2002 at Reception No. F1483927. 

 

	19.	Terms, conditions, provisions, obligations, easements and agreements as set forth in the Quit Claim Deed recorded November 3, 1897 in Book 12 at Page 582. 

NOTE: Quitclaim Deed from Dry Creek Valley Ditch Company to City of Westminster in connection therewith recorded May 17, 1999 at Reception No.
F0870218. 
 NOTE: Quit Claim from Dry Creek Valley Ditch Company to Westmoor Business Park Ltd., LLP in connection therewith recorded May 17,
1999 at Reception No. F0870219. 
 NOTE: Quit Claim from Dry Creek Valley Ditch Company to Countrydale Metropolitan District in connection therewith
recorded May 17, 1999 at Reception No. F0870220. 
 NOTE: Special Warranty Deed in connection therewith recorded May 17, 1999 at Reception
No. F0870227. 
  

	20.	This item has been intentionally deleted. 

  

	21.	This item has been intentionally deleted. 

  

	22.	This item has been intentionally deleted. 

  

	23.	This item has been intentionally deleted. 

  

	24.	This item has been intentionally deleted. 

  

	25.	This item has been intentionally deleted. 

  

	26.	This item has been intentionally deleted. 

  

	27.	This item has been intentionally deleted. 

  

	28.	This item has been intentionally deleted. 

  

	29.	The following matters disclosed by an ALTA/NSPS survey made by Flatirons, Inc. on September 29, 2017 and last revised ________, 2017`, designated Job No. 17-68,997:

 A) Pedestrian access across the east boundary of the property as evidenced by a concrete walk crossing said boundary. 

B) A 2.5’ encroachment of a concrete wall onto the land adjoining to the south. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 10
 Policy
Number: 762885-13

  

 C) Pedestrian access across the south boundary of the property as evidenced by a concrete walk crossing
said boundary. 
  

	30.	Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 11
 Policy
Number: 762885-13

  

 Anti-fraud Statement 

Pursuant to CRS 10-1-128(6)(a), it is unlawful to knowingly provide false,
incomplete, or misleading facts or information to an insurance company for the purpose of defrauding or attempting to defraud the company. Penalties may include imprisonment, fines, denial of insurance and civil damages. Any insurance company or
agent of an insurance company who knowingly provides false, incomplete, or misleading facts or information to a policyholder or claimant for the purpose of defrauding or attempting to defraud the policyholder or claimant with regard to a settlement
or award payable from insurance proceeds shall be reported to the Colorado division of insurance within the department of regulatory agencies. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 12
 Policy
Number: 762885-13

  

 

 
 ACCESS AND ENTRY 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 762885-13 

File No.: NCS-762885-13-SA1 

The Company insures against loss or damage sustained by the Insured if, at Date of Policy (i) Parcel 1A and Parcel 2A of the Land do not abut and have both actual
vehicular and pedestrian access to and from Westmoor Drive (the “Street”), (ii) the Street is not physically open and publicly maintained, or (iii) the Insured has no right to use existing curb cuts or entries along that portion of
the Street abutting the Land. 
 This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and
provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express
provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

  

					
	 Form 50-10045 (7-1-14)            
	  	
Page 12 of 29                    
         
	  	ALTA 17-06 Access and Entry (6-17-06)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 13
 Policy
Number: 762885-13

  

 

 
 LOCATION ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 762885-13 

File No.: NCS-762885-13-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of a 

Commercial Structure(s) 
 known as 10055 Westmoor Drive, 10075
Westmoor Drive, 10155 Westmoor Drive, 10355 Westmoor Drive, 
 10385 Westmoor Drive, and 10225 Westmoor Drive, Westminster, CO, 

to be located on the Land at Date of Policy. 
 This endorsement is
issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount
of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of
the policy and of any prior endorsements. 
 Date: 
  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10054 (7-1-14)            
	  	
Page 13 of 29                    
         
	  	ALTA 22-06 Location (6-17-06)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 14
 Policy
Number: 762885-13

  

 MULTIPLE TAX PARCEL 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 762885-13 

File No.: NCS-762885-13-SA1 

The Company insures against loss or damage sustained by the Insured by reason of: 

 

	1.	those portions of the Land identified below not being assessed for real estate taxes under the listed tax identification numbers or those tax identification numbers including any additional land: 

 

			
	 Parcel:            
	  	 Tax Identification Numbers:

	 1
	  	
29-091-01-014

	 2
	  	
29-091-01-013

	 3
	  	
29-091-01-012

	 4
	  	
29-091-01-011

	 5
	  	
29-091-01-018

	 6
	  	
29-091-01-017

  

	2.	the easements, if any, described in Schedule A being cut off or disturbed by the nonpayment of real estate taxes, assessments or other charges imposed on the servient estate by a governmental authority.

 This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the
policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10049 (7-1-14)            
	  	
Page 14 of 29                    
         
	  	ALTA 18.1-06 Multiple Tax Parcel (6-17-06)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 15
 Policy
Number: 762885-13

  

 

 
 SUBDIVISION ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 762885-13 

File No.: NCS-762885-13-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of the Land to constitute a lawfully created parcel according to the
subdivision statutes and local subdivision ordinances applicable to the Land. 
 This endorsement is issued as part of the policy. Except as it expressly states, it
does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a
previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10061 (7-1-14)            
	  	
Page 15 of 29                    
         
	  	ALTA 26-06 Subdivision (10-16-08)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 16
 Policy
Number: 762885-13

  

 

 
 EASEMENT - DAMAGE OR ENFORCED REMOVAL ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy Number.: 762885-13 

Fileno.: NCS-762885-13-SA1 

The Company insures against loss or damage sustained by the Insured if the exercise of the granted or reserved rights to use or maintain the easement(s) referred to in
the Exception(s) 11 through 16 and 19 of Schedule B results in: 
  

	 	(1)	 damage to an existing building located on the Land, or 

 

	 	(2)	 enforced removal or alteration of an existing building located on the Land. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of thepolicy and of any prior endorsements. 

Date: 
  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	 Form 50-10588 (7-1-14)            
	  	
Page 16 of 29                    
         
	  	ALTA 28-06 Easement - Damage or Enforced Removal (Rev.
2-3-10)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 17
 Policy
Number: 762885-13

  

 

 
 MINERALS AND OTHER SUBSURFACE 

SUBSTANCES - IMPROVEMENTS ENDORSEMENT 

Issued by 
 First American Title Insurance
Company 
 Attached to Policy No.: 762885-13 

File No.: NCS-762885-13-SA1 

 

	1.	The insurance provided by this endorsement is subject to the exclusion in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions in
the Policy. 

  

	2.	For purposes of this endorsement only, “Improvement” means a building, structure located on the surface of the Land, and any paved road, walkway, parking area, driveway, or curb, affixed to the Land at Date of
Policy and that by law constitutes real property, but excluding any crops, landscaping, lawn, shrubbery, or trees. 

  

	3.	The Company insures against loss or damage sustained by the Insured by reason of the enforced removal or alteration of any Improvement, resulting from the future exercise of any right existing at Date of Policy to use
the surface of the Land for the extraction or development of minerals or any other subsurface substances excepted from the description of the Land or excepted in Schedule B. 

 

	4.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from: 

	 	a.	contamination, explosion, fire, vibration, fracturing, earthquake or subsidence; or 

	 	b.	negligence by a person or an Entity exercising a right to extract or develop minerals or other subsurface substances. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 

  
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 18
 Policy
Number: 762885-13

  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	 Form 50-10838 (7-1-14)            
	  	
Page 18 of 29                    
         
	  	ALTA 35.1-06 Minerals and Other Subsurface Substances - Improvements
(4-2-12)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 19
 Policy
Number: 762885-13

  

 

 
 INDIRECT ACCESS AND 

ENTRY ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 762885-13 
 File No.: NCS-762885-13-SA1 
 The Company insures against
loss or damage sustained by the Insured if, at Date of Policy (i) the easement identified as Parcel(s) 1-B, 2-B, 3-B, 4-B, 5-B, 6-B and 6-E in Schedule A (the “Easement”) does not provide that portion of
the Land identified as Parcel(s) 1-A, 2-A, 3-A, 4-A,
5-A and 6-A, respectively in Schedule A both actual vehicular and pedestrian access to and from Westmoor Drive (the “Street”), (ii) the Street is not
physically open and publicly maintained, or (iii) the Insured has no right to use existing curb cuts or entries along that portion of the Street abutting the Easement. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	 Form 50-10046 (7-1-14)            
	  	
Page 19 of 29                    
         
	  	ALTA 17.1-06 Indirect Access and Entry (6-17-06)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 20
 Policy
Number: 762885-13

  

 

 
 ZONING - COMPLETED 

STRUCTURE ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 762885-13 

File No.: NCS-762885-13-SA1 

 

	1.	The Company insures against loss or damage sustained by the Insured in the event that, at Date of Policy, 

	 	a.	according to applicable zoning ordinances and amendments, the Land is not classified Zone “PUD” Planned Unit Development; 

	 	b.	the following use or uses are not allowed under that classification: Office 

	 	c.	There shall be no liability under paragraph 1.b. if the use or uses are not allowed as the result of any lack of compliance with any conditions, restrictions, or requirements contained in the zoning ordinances and
amendments, including but not limited to the failure to secure necessary consents or authorizations as a prerequisite to the use or uses. This paragraph 1.c. does not modify or limit the coverage provided in Covered Risk 5. 

 

	2.	The Company further insures against loss or damage sustained by the Insured by reason of a final decree of a court of competent jurisdiction either prohibiting the use of the Land, with any existing structure, as
specified in paragraph 1.b. or requiring the removal or alteration of the structure, because, at Date of Policy, the zoning ordinances and amendments have been violated with respect to any of the following matters: 

	 	a.	 Area, width, or depth of the Land as a building site for the structure 

	 	b.	Floor space area of the structure 

	 	c.	Setback of the structure from the property lines of the Land 

	 	d.	Height of the structure, or 

	 	e.	Number of parking spaces. 

  

	3.	There shall be no liability under this endorsement based on: 

	 	a.	the invalidity of the zoning ordinances and amendments until after a final decree of a court of competent jurisdiction adjudicating the invalidity, the effect of which is to prohibit the use or uses; 

	 	b.	the refusal of any person to purchase, lease or lend money on the Title covered by this policy. 

 This endorsement is
issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount
of Insurance. To the extent a provision of the policy or a previous 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 21
 Policy
Number: 762885-13

  

 endorsement is inconsistent with an express provision of this endorsement, this endorsement controls.
Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
 Date: 

 

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10576 (7-1-14)            
	  	
Page 21 of 29                    
         
	  	
ALTA 3.1-06 Zoning - Completed Structure (Rev. 10-22-09)

CLTA 123.2-06 (Rev. 10-22-09)

 First
American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 22
 Policy
Number: 762885-13

  

 

 
 CONTIGUITY - MULTIPLE 

PARCELS ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 762885-13 

File No.: NCS-762885-13-SA1 

The Company insures against loss or damage sustained by the Insured by reason of: 

 

	 	1.	the failure of Parcels 1 through 6 of the Land to be contiguous along their common boundary lines 

  

	 	 	; or 

  

	 	2.	the presence of any gaps, strips, or gores separating any of the contiguous boundary lines described above. 

 This
endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or
(iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of
the terms and provisions of the policy and of any prior endorsements. 
 Date: 

 

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	 Form 50-10050 (7-1-14)            
	  	
Page 22 of 29                    
         
	  	ALTA 19-06 Contiguity - Multiple Parcels (6-17-06)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 23
 Policy
Number: 762885-13

  

 

 
 COVENANTS, CONDITIONS AND RESTRICTIONS - 

IMPROVED LAND - OWNER’S POLICY ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 762885-13 

File No.: NCS-762885-13-SA1 

 

	1.	The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions
in the policy. 

  

	2.	For the purposes of this endorsement only, 

  

	 	a.	“Covenant” means a covenant, condition, limitation or restriction in a document or instrument in effect at Date of Policy. 

 

	 	b.	“Improvement” means a building, structure located on the surface of the Land, road, walkway, driveway, or curb, affixed to the Land at Date of Policy and that by law constitutes real property, but excluding
any crops, landscaping, lawn, shrubbery, or trees. 

  

	3.	The Company insures against loss or damage sustained by the Insured by reason of: 

  

	 	a.	A violation on the Land at Date of Policy of an enforceable Covenant, unless an exception in Schedule B of the policy identifies the violation; 

 

	 	b.	Enforced removal of an Improvement as a result of a violation, at Date of Policy, of a building setback line shown on a plat of subdivision recorded or filed in the Public Records, unless an exception in Schedule B of
the policy identifies the violation; or 

  

	 	c.	A notice of a violation, recorded in the Public Records at Date of Policy, of an enforceable Covenant relating to environmental protection describing any part of the Land and referring to that Covenant, but only to the
extent of the violation of the Covenant referred to in that notice, unless an exception in Schedule B of the policy identifies the notice of the violation. 

  

	4.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from: 

 

	 	a.	any Covenant contained in an instrument creating a lease; 

  

	 	b.	any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; or 

  

	 	c.	except as provided in Section 3.c, any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 24
 Policy
Number: 762885-13

  

 endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this
endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
 Date: 

 

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10801 (7-1-14)        
	  	
Page 24 of 29                 
	  	
ALTA 9.2-06 Covenants, Conditions and Restrictions Improved Land - Owner’s Policy (Rev. 4-2-12)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 25
 Policy
Number: 762885-13

  

 

 
 SAME AS SURVEY ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 762885-13 

File No.: NCS-762885-13-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of the Land as described in Schedule A to be the same as that identified on
the survey made by Flatirons, Inc. dated September 29, 2017 and last revised ________, 2017, and designated Job No. 17-68,997. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10059 (7-1-14)            
	  	
Page 25 of 29                    
         
	  	
ALTA 25-06 Same as Survey
(10-16-08)
 CLTA 116.1-06 (10-16-08)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 26
 Policy
Number: 762885-13

  

 

 
 ENCROACHMENTS - BOUNDARIES AND EASEMENTS 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 762885-13 
 File No.: NCS-762885-13-SA1 
  

	1.	The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions
in the policy. 

  

	2.	For purposes of this endorsement only, “Improvement” means an existing building, located on either the Land or adjoining land at Date of Policy and that by law constitutes real property. 

 

	3.	The Company insures against loss or damage sustained by the Insured by reason of: 

  

	 	a.	An encroachment of any Improvement located on the Land onto adjoining land or onto that portion of the Land subject to an easement, unless an exception in Schedule B of the policy identifies the encroachment;

  

	 	b.	An encroachment of any Improvement located on adjoining land onto the Land at Date of Policy, unless an exception in Schedule B of the policy identifies the encroachment; 

 

	 	c.	Enforced removal of any Improvement located on the Land as a result of an encroachment by the Improvement onto any portion of the Land subject to any easement, in the event that the owners of the easement shall, for the
purpose of exercising the right of use or maintenance of the easement, compel removal or relocation of the encroaching Improvement; or 

  

	 	d.	Enforced removal of any Improvement located on the Land that encroaches onto adjoining land. 

  

	4.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from the encroachments listed as Exceptions None of Schedule B.

 This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the
policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 27
 Policy
Number: 762885-13

  

 endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this
endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
 Date: 

 

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10808 (7-1-14)            
	  	
Page 27 of 29                    
         
	  	ALTA 28.1-06 - Encroachments - Boundaries and
Easements (4-2-12)

 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 28
 Policy
Number: 762885-13

  

 

 
 PRIVATE RIGHTS - OWNER’S POLICY 

Issued by 
 First American Title Insurance
Company 
 Attached to Policy No.: 762885-13 

File No.: NCS-762885-13-SA1 

 

	1.	The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions
in the policy. 

	2.	For the purposes of this endorsement only: 

	 	a.	“Covenant” means a covenant, condition, limitation or restriction in a document or instrument recorded in the Public Records at Date of Policy. 

	 	b.	“Private Right” means (i) an option to purchase; (ii) a right of first refusal; or (iii) a right of prior approval of a future purchaser or occupant. 

	3.	The Company insures against loss or damage sustained by the Insured under this Owner’s Policy if enforcement of a Private Right in a Covenant affecting the Title at Date of Policy based on a transfer of Title on or
before Date of Policy causes a loss of the Insured’s Title. 

	4.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from: 

	 	a.	any Covenant contained in an instrument creating a lease; 

	 	b.	any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; 

	 	c.	any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances; or 

	 	d.	any Private Right in an instrument identified in Exception(s) None in Schedule B. 

 This endorsement is issued as part of
the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To
the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of
any prior endorsements. 
 IN WITNESS WHEREOF, the Company has caused this endorsement to be issued and become valid when signed by an authorized
officer or licensed agent of the Company. 
 Date: 
  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	 Form 50-10892 (7-1-14)    
	  	
Page 28 of 29                    
         
	  	ALTA 9.9-06 Private Rights - Owner’s Policy (Rev. 4-2-13)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 29
 Policy
Number: 762885-13

  

 

 
 WATER - BUILDINGS ENDORSEMENT 

Issued by 
 First American Title Insurance
Company 
 Attached to Policy No.: 762885-13 

File No.: NCS-762885-13-SA1 

 

	1.	The insurance provided by this endorsement is subject to the exclusion in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions in
the policy. 

  

	2.	For purposes of this endorsement only, “Improvement” means a building on the Land at Date of Policy. 

  

	3.	The Company insures against loss or damage sustained by the Insured by reason of the enforced removal or alteration of any Improvement resulting from the future exercise of any right existing at Date of Policy to use
the surface of the Land for the extraction or development of water excepted from the description of the Land or excepted in Schedule B. 

  

	4.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from: 

 

	 	a.	contamination, explosion, fire, flooding, vibration, fracturing, earthquake or subsidence; 

	 	b.	A negligence by a person or an Entity exercising a right to extract or develop water; or 

	 	c.	the exercise of the rights described in None. 

 This endorsement is issued as part of the policy. Except as it expressly
states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy
or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	 Form 50-10949 (7-1-14)            
	  	
Page 29 of 29                    
         
	  	ALTA 41-06 Water - Buildings (12-2-13)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	

	  	 Owners ’ Policy of Title
Insurance T-1
  

	  	 ISSUED BY

 
 First American Title Insurance Company

	  

Owner’s Policy
	  	 POLICY
NUMBER

 Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy
must be given to the Company at the address shown in Section 18 of the Conditions. 
 COVERED RISKS 

SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS, FIRST AMERICAN TITLE INSURANCE
COMPANY, a Nebraska corporation (the “Company”) insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred
by the Insured by reason of: 
  

	 	1.	 Title being vested other than as stated in Schedule A. 

 

	 	2.	 Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against
loss from: 

  

	 	(a)	 A defect in the Title caused by: 

 

	 	(i)	 forgery, fraud, undue influence, duress, incompetency, incapacity or impersonation; 

 

	 	(ii)	 failure of any person or Entity to have authorized a transfer or conveyance; 

 

	 	(iii)	 a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized or delivered;

  

	 	(iv)	 failure to perform those acts necessary to create a document by electronic means authorized by law;

  

	 	(v)	 a document executed under a falsified, expired or otherwise invalid power of attorney; 

 

	 	(vi)	 a document not properly filed, recorded or indexed in the Public Records including failure to perform those acts by
electronic means authorized by law; or 

  

	 	(vii)	 a defective judicial or administrative proceeding. 

 

	 	(b)	 The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but
unpaid. 

  

	 	(c)	 Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed
by an accurate and complete land survey of the Land. The term “encroachment” includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on
adjoining land. 

  

	 	(d)	 Any statutory or constitutional mechanic’s, contractor’s, or materialman’s lien for labor or materials
having its inception on or before Date of Policy. 

  

	 	3.	 Lack of good and indefeasible Title. 

 

	 	4.	 No right of access to and from the Land. 

(Covered Risks Continued on Page 2 
  

 
  

In Witness Whereof, First American Title Insurance Company has caused its corporate name to be hereunto affixed by its authorized officers as of Date of Policy shown in
Schedule A. 
  

			
		 	First American Title Insurance Company
		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

		 	 President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

		 	 Secretary

  

			
	 (This Policy is valid only when Schedules A and B are attached)
	  	This jacket was created electronically and constitutes an original document

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 1 of 17                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 COVERED RISKS (Continued) 

	 	5.	 The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to
building and zoning) restricting, regulating, prohibiting or relating to: 

  

	 	(a)	 the occupancy, use or enjoyment of the Land; 

 

	 	(b)	 the character, dimensions or location of any improvement erected on the Land; 

 

	 	(c)	 subdivision of land; or 

  

	 	(d)	 environmental protection 

if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but
only to the extent of the violation or enforcement referred to in that notice. 
  

	 	6.	 An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of
the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 

 

	 	7.	 The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded
in the Public Records. 

  

	 	8.	 Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without
Knowledge. 

  

	 	9.	 Title being vested other than as stated in Schedule A or being defective: 

 

	 	(a)	 as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer
of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state
insolvency or similar creditors’ rights laws; or 

  

	 	(b)	 because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under
federal bankruptcy, state insolvency or similar creditors’ rights laws by reason of the failure of its recording in the Public Records: 

  

	 	(i)	 to be timely, or 

  

	 	(ii)	 to impart notice of its existence to a purchaser for value or a judgment or lien creditor. 

 

	 	10.	 Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been
created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.

 The Company will also pay the costs, attorneys’ fees and expenses incurred in defense of any matter insured against by this
Policy, but only to the extent provided in the Conditions. 
 EXCLUSIONS FROM COVERAGE

 The following matters are expressly excluded from the coverage of this policy and the Company will not pay
loss or damage, costs, attorneys’ fees or expenses that arise by reason of: 
  

	1.	 (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning)
restricting, regulating, prohibiting or relating to: 

	 	(i)	 the occupancy, use, or enjoyment of the Land; 

 

	 	(ii)	 the character, dimensions or location of any improvement erected on the Land; 

 

	 	(iii)	 subdivision of land; or 

  

	 	(iv)	 environmental protection; 

	 	 or the effect of any violation of these laws, ordinances or governmental regulations. This Exclusion 1(a) does not
modify or limit the coverage provided under Covered Risk 5. 

  

	 	(b)	 Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6.

  

	2.	 Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.

  

	3.	 Defects, liens, encumbrances, adverse claims or other matters: 

 

	 	(a)	 created, suffered, assumed or agreed to by the Insured Claimant;

	 	(b)	 not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and
not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; 

  

	 	(c)	 resulting in no loss or damage to the Insured Claimant; 

 

	 	(d)	 attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under
Covered Risk 9 and 10); or 

  

	 	(e)	 resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title.

  

	4.	 Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws,
that the transaction vesting the Title as shown in Schedule A, is: 

  

	 	(a)	 a fraudulent conveyance or fraudulent transfer; or 

 

	 	(b)	 a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 

 

	5.	 Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching
between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 

  

	6.	 The refusal of any person to purchase, lease or lend money on the estate or interest covered hereby in the land
described in Schedule A because of Unmarketable Title. 

 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 2 of 17                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

		  	

			
	 

	  	

  

 CONDITIONS 

 

	1.	 DEFINITION OF TERMS. 

The following terms when used in this policy mean: 

	 	(a)	 “Amount of Insurance”: the amount stated in Schedule A, as may be increased or decreased by endorsement to
this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. 

	 	(b)	 “Date of Policy”: The date designated as “Date of Policy” in Schedule A. 

	 	(c)	 “Entity”: A corporation, partnership, trust, limited liability company or other similar legal entity.

	 	(d)	 “Insured”: the Insured named in Schedule A. 

	 	(i)	 The term “Insured” also includes: 

	 	(A)	 successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees,
survivors, personal representatives or next of kin; 

	 	(B)	 successors to an Insured by dissolution, merger, consolidation, distribution or reorganization; 

	 	(C)	 successors to an Insured by its conversion to another kind of Entity; 

	 	(D)	 a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title;

	 	(1)	 If the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured,

	 	(2)	 If the grantee wholly owns the named Insured, 

	 	(3)	 If the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the
named Insured are both wholly-owned by the same person or Entity, or 

	 	(4)	 If the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named
in Schedule A for estate planning purposes. 

	 	(ii)	 With regard to (A), (B), (C) and (D) reserving, however, all rights and defenses as to any successor that the
Company would have had against any predecessor Insured. 

	 	(e)	 “Insured Claimant”: an Insured claiming loss or damage. 

	 	(f)	 “Knowledge” or “Known”: actual knowledge, not constructive knowledge or notice that may be imputed
to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. 

	 	(g)	 “Land”: the land described in Schedule A, and affixed improvements that by law constitute real property. The
term “Land” does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate or easement in abutting streets, roads, avenues, alleys, lanes, ways or waterways, but this does not
modify or limit the extent that a right of access to and from the Land is insured by this policy. 

	 	(h)	 “Mortgage”: mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by
electronic means authorized by law. 

	 	(i)	 “Public Records”: records established under state statutes at Date of Policy for the purpose of imparting
constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), “Public Records” shall also include environmental protection liens filed in the records of the clerk
of the United States District Court for the district where the Land is located. 

	 	(j)	 “Title”: the estate or interest described in Schedule A. 

	 	(k)	 “Unmarketable Title”: Title affected by an alleged or apparent matter that would permit a prospective
purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease or lend if there is a contractual condition requiring the delivery of marketable title. 

	2.	 CONTINUATION OF INSURANCE. 

The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured
retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance
of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 

	3.	 NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT. 

The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) below, or
(ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy. If the
Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company’s liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 

When, after the Date of the Policy, the Insured notifies the Company as required herein of a lien, encumbrance, adverse claim or other
defect in Title insured by this policy that is not excluded or excepted from the coverage of this policy, the Company shall promptly investigate the charge to determine whether the lien, encumbrance, adverse claim or defect or other matter is valid
and not barred by law or statute. The Company shall notify the Insured in writing, within a reasonable time, of its determination as to the validity or invalidity of the Insured’s claim or charge under the policy. If the Company concludes that
the lien, encumbrance, adverse claim or defect is not covered by this policy, or was otherwise addressed in the closing of the transaction in connection with which this policy was issued, the Company shall specifically advise the Insured of the
reasons for its determination. If the Company concludes that the lien, encumbrance, adverse claim or defect is valid, the Company shall take one of the following actions: (i) institute the necessary proceedings to clear the lien, encumbrance,
adverse claim or defect from the Title as insured; (ii) indemnify the Insured as provided in this policy; (iii) upon payment of appropriate premium and charges therefor, issue to the Insured Claimant or to a subsequent owner, mortgagee or
holder of the estate or interest in the Land insured by this policy, a policy of  

 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 3 of 17                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

		  	

			
	 

	  	

  

 CONDITIONS (Continued) 

 

 title insurance without exception for the lien, encumbrance, adverse claim or defect,
said policy to be in an amount equal to the current value of the Land or, if a loan policy, the amount of the loan; (iv) indemnify another title insurance company in connection with its issuance of a policy(ies) of title insurance without
exception for the lien, encumbrance, adverse claim or defect; (v) secure a release or other document discharging the lien, encumbrance, adverse claim or defect; or (vi) undertake a combination of (i) through (v) herein. 

 

	4.	 PROOF OF LOSS. 

In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of
payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the
extent possible, the basis of calculating the amount of the loss or damage. 
  

	5.	 DEFENSE AND PROSECUTION OF ACTIONS. 

 

	 	(a)	 Upon written request by the Insured, and subject to the options contained in Sections 3 and 7 of these Conditions, the
Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those
stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those
stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured
against by this policy. 

	 	(b)	 The Company shall have the right, in addition to the options contained in Sections 3 and 7, at its own cost, to
institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate
action under the terms of this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this
subsection, it must do so diligently. 

	 	(c)	 Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may
pursue the litigation to a final determination by a court of competent jurisdiction and it expressly reserves the right, in its sole discretion, to appeal from any adverse judgment or order. 

 

	6.	 DUTY OF INSURED CLAIMANT TO COOPERATE. 

 

	 	(a)	 In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or
proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by
the Company, the Insured, at the Company’s expense, shall give the Company all reasonable

 aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the
action or proceeding, or effecting settlement, and (ii) in any other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure
of the Insured to furnish the required cooperation, the Company’s obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or
matters requiring such cooperation. 

	 	(b)	 The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized
representative of the Company and to produce for examination, inspection and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including
books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if
requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect and copy all of these records in the custody or control of a
third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the
Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information or grant permission to secure reasonably necessary information from third
parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 

 

	7.	 OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY. 

In case of a claim under this policy, the Company shall have the following additional options: 

	 	(a)	 To Pay or Tender Payment of the Amount of Insurance. To pay or tender payment of the Amount of Insurance under this
policy together with any costs, attorneys’ fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. 

Upon the exercise by the Company of this option, all liability and obligations of the Company to the Insured under this policy, other
than to make the payment required in this subsection, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. (b) To Pay or Otherwise Settle With Parties Other than the Insured or With the
Insured Claimant. 

	 	(i)	 To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under
this policy. In addition, the Company will pay any costs, attorneys’ fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is 

 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 4 of 17                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

		  	

			
	 

	  	

  

 CONDITIONS (Continued)

	 	 	 obligated to pay; or 

	 	(ii)	 to pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with
any costs, attorneys’ fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. Upon the exercise by the Company of either of the options provided
for in subsections (b)(i) or (ii), the Company’s obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend,
prosecute or continue any litigation. 

  

	8.	 DETERMINATION AND EXTENT OF LIABILITY. 

This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has
suffered loss or damage by reason of matters insured against by this policy. 

	 	(a)	 The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of:

 (i) the Amount of Insurance; or 

(ii) the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by this
policy. 

	 	(b)	 If the Company pursues its rights under Section 3 or 5 and is unsuccessful in establishing the Title, as insured,

 (i) the Amount of Insurance shall be increased by 10%, and 

(ii) the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the
Insured Claimant or as of the date it is settled and paid. 

	 	(c)	 In addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys’
fees and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 

  

	9.	 LIMITATION OF LIABILITY. 

 

	 	(a)	 If the Company establishes the Title, or removes the alleged defect, lien or encumbrance, or cures the lack of a right
of access to or from the Land, all as insured, or takes action in accordance with Section 3 or 7, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its
obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. 

	 	(b)	 In the event of any litigation, including litigation by the Company or with the Company’s consent, the Company
shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. 

	 	(c)	 The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in
settling any claim or suit without the prior written consent of the Company. 

  

	10.	 REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY. 

All payments under this policy, except payments made for costs, attorneys’ fees and expenses, shall reduce the Amount of Insurance by the amount of
the payment. 

	11.	 LIABILITY NONCUMULATIVE. 

The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is
taken in Schedule B or to which the Insured has agreed, assumed, or taken subject or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured
under this policy. 
  

	12.	 PAYMENT OF LOSS. 

When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be
made within 30 days. 
  

	13.	 RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT. 

 

	 	(a)	 Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the
rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys’ fees and expenses
paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise or settle in the
name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. 

	 	 	 If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the
exercise of its right to recover until after the Insured Claimant shall have recovered its loss. 

	 	(b)	 The Company’s right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of
insurance or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 

  

	14.	 ARBITRATION. 

Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title
Insurance Arbitration Rules of the American Land Title Association (“Rules”). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but
are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising
out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured, unless the Insured is an individual person (as
distinguished from an Entity). All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall
be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction.

 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 5 of 17                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

		  	

			
	 

	  	

  

 CONDITIONS (Continued)

	15.	 LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT. 

	 	(a)	 This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract
between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. 

	 	(b)	 Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim, shall be
restricted to this policy. 

	 	(c)	 Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or
expressly incorporated by Schedule A of this policy. 

	 	(d)	 Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and
provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy or (iv) increase the Amount of
Insurance. Each Commitment, endorsement or other form, or provision in the Schedules to this policy that refers to a term defined in Section 1 of the Conditions shall be deemed to refer to the term regardless of whether the term is capitalized
in the Commitment, endorsement or other form, or Schedule. Each Commitment, endorsement or other form, or provision in the Schedules that refers to the Conditions and Stipulations shall be deemed to refer to the Conditions of this policy.

	16.	 SEVERABILITY. 

In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall
be deemed not to include that provision or such part held to be invalid and all other provisions shall remain in full force and effect. 

	17.	 CHOICE OF LAW; FORUM. 

	 	(a)	 Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the
premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies or enforcement of policies of title insurance of the jurisdiction where the Land is located.

 Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to
determine the validity of claims against the Title that are adverse to the Insured, and in interpreting and enforcing the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of laws principles to determine the
applicable law. 

	 	(b)	 Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a
state or federal court within the United States of America or its territories having appropriate jurisdiction. 

	18.	 NOTICES, WHERE SENT. 

Any notice of claim and any other notice or statement in writing required to be given to the Company under this Policy must be given to
the Company at First American Title Insurance Company, Attn: Claims National Intake Center, 1 First American Way, Santa Ana, California 92707. Phone: 888-632-1642.
 

 

  
 

 
 First American Title 
  

			
	 

	  	  

Owners Policy of Title Insurance (T-1)
  

	  	 ISSUED BY

 
 First American Title Insurance Company

 

	  

Schedule A
	  	 POLICY NUMBER

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 6 of 17                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

		  	

			
	 

	  	

  

 Name and Address of Title Insurance Company: 

First American Title Insurance Company, 1 First American Way, Santa Ana, CA 92707. 

File No.: NCS-762885-05-SA1
 
 Date of Policy: Date of Recording at Time of Recordingq 

Address for Reference only: 9600 Great Hills Trail, 8911 North 
 Amount of
Insurance: $33,150,000.00                             Premium: $TBD 

 

	  1.	 Name of Insured: 

Keppel-KBS Great Hills Plaza, Inc., a Delaware corporation 

 

	  2.	 The estate or interest in the Land that is insured by this policy is: 

Fee Simple 
  

	  3.	 Title is insured as vested in: 

Keppel-KBS Great Hills Plaza, Inc., a Delaware corporation 

 

	  4.	 The land referred to in this policy is described as follows: 

TRACT I 
 TRACTS
FIVE AND SIX, GREAT HILLS COMMERCIAL ONE, A SUBDIVISION IN THE CITY OF AUSTIN, TRAVIS COUNTY, TEXAS, ACCORDING TO THE MAP OR PLAT THEREOF RECORDED IN/UNDER VOLUME 77, PAGE 161 OF THE PLAT RECORDS OF TRAVIS COUNTY, TEXAS. 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 7 of 17                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

			
	 

	  	  

Owners Policy of Title Insurance (T-1)
  

	  	 ISSUED BY

First American Title Insurance Company

	  

Schedule B
	  	  

POLICY NUMBER

 File No.
NCS-762885-05-SA1 

EXCEPTIONS FROM COVERAGE 
 This policy does not insure against
loss or damage (and the Company will not pay costs, attorney’s fees or expenses) that arise by reason of the terms and conditions of the leases and easements, if any, shown in Schedule A and the following matters: 

 

	1.	The following restrictive covenants of record itemized below: 

 (the Company must either insert specific
recording data or delete this exception) 
 See Item 6(a) below. 
  

	2.	Any discrepancies, conflicts, orshortgages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements. 

 

	3.	Homestead or community property or survivorship rights, if any, of any spouse of any Insured. 

  

	4.	Any titles or rights asserted by anyone, including but not limited to, persons, the public, corporations, governments or other entities, 

 

	 	a.	 to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or
oceans, or 

  

	 	b.	 to lands beyond the line of the harbor or bulkhead lines as established or changed by any government, or

  

	 	c.	 to filled-in lands, or artificial islands, or 

 

	 	d.	 to statutory water rights, including riparian rights, or 

 

	 	e.	 to the area extending from the line of mean low tide to the line of vegetation, or the right of access to that area or
easement along and across that area. 

  

	5.	Standby fees, taxes and assessments by any taxing authority for the year 2017, and subsequent years; and subsequent taxes and assessments by any taxing authority for prior years due to change in land usage or ownership,
but not those taxes or assessments for prior years because of an exemption granted to a previous owner of the property under Section 11.13, Texas Tax Code, or because of improvements not assessed for a previous tax year. 

 

	6.	The following matters and all terms of the documents creating or offering evidence of the matters: (the Company must insert matters or delete this exception) 

The Following Matters Affect (All Tracts): 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 8 of 17                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

	 	a.	Any covenants, conditions or restrictions indicating a preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status, or national origin are hereby deleted to the extent such
covenants, conditions or restrictions violate 42 USC 3604 {c}. Tract 1: Restrictive Covenants recorded in/under Volume 8717, Page 328 and Volume 7188, Page 1359 of the Real Property Records of Travis County, Texas, and Restrictive Covenants recorded
in/under Volume 77, Page 161 of the Plat Records of Travis County, Texas.. 

  

	 	b.	This item has been intentionally deleted. 

  

	 	c.	This item has been intentionally deleted. 

  

	 	d.	This item has been intentionally deleted. 

  

	 	e.	Rights of tenants in possession, as tenants only, under unrecorded leases or rental agreements as shown on the attached rent roll attached hereto, which rights do not include any rights of first refusal or options to
purchase all or any portion of the Land. 

  

	 	f.	This item has been intentionally deleted. 

  

	 	g.	All leases, grants, exceptions or reservations of coal, lignite, oil, gas and other minerals, together with all rights, privileges, and immunities relating thereto, appearing in the Public Records whether listed in
Schedule B or not. There may be leases, grants, exceptions or reservations of mineral interest that are not listed. 

 The
Following Matters Affect (Tract I): 
  

	 	h.	The following, all according to plat recorded in Volume 77, Page 161 of the Plat Records of Travis County, Texas, and as approximately shown on that certain survey made by Chaparral Professional Land Surveying, Inc. on
September 29, 2017, designated Job No. 557-003. 

 Fifteen foot (15’) public
utility easement along the easterly and rear (Tract 5) property line(s). Seven and one-half foot (7.5’) public utility easement along the rear (Tract 5) property line(s). 

Thirty foot (30’) public utility easement along the rear (Tracts 5 and 6) property line(s). 

Twenty-five foot (25’) drainage easement along the northeast (Tract 5) and rear (Tract 6) property line(s). 

Twenty-five foot (25’) building line along the street frontage property line(s). 

Five foot (5’) slope easement along the southwesterly most lot line, per Volume 77, Page 369 of the Plat Records of Travis County, Texas. (Tract 5)

  

					
	 i.      
	  	Easement:	  	
		  	 Purpose:
	  	 Easement for electric lines and systems and telephone lines and systems

		  	 Recorded:
	  	 in Volume 6591, Page 1709, of the Real Property records, of Travis County, Texas.

			
	 j.   
	  	Easement:	  	
		  	 To:
	  	 City of Austin

		  	 Recorded:
	  	 in Volume 11305, Page 690, of the Real Property Records, of Travis County, Texas.

		  	 Purpose:
	  	 Underground telephone lines

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 9 of 17                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

					
	 k.  
	  	Terms, Conditions, and Stipulations in the Agreement by and between:
		  	Parties:	  	CarrAmerica Realty, G.P. Holding, Inc. and Time Warner Entertainment- Advance/Newhouse Partnership
		  	Recorded:	  	in County Clerk’s File No. 2001215749, of the Real Property records, of Travis County, Texas.
		  	Type:	  	Easement Agreement

  

	 	l.	Easement for drainage granted to the City of Austin as described in instrument recorded in/under Volume 6364, Page 138 of the Real Property Records of Travis County, Texas, as shown on plat recorded in/under Volume 77,
Page 161 of the Plat Records of Travis County, Texas. 

  

	 	m.	This item has been intentionally deleted. n. This item has been intentionally deleted. o. Section 14 of the Conditions of this policy is hereby deleted. 

 

	 	p.	The following matters disclosed by an ALTA/NSPS surveys made by Chaparral Professional Land Surveying, Inc. on September 29, 2017 and designated Job No. 557-003 (As to
Tract I): 

 A. Any rights, claims and/or easements in connection with the fire hydrants and water meter and water meter in various
locations on the subject property as depicted on the Survey. 
 B. Any rights, claims and/or easements in connection with the flowline 14 inch cast
iron pipes and wastewater cleanouts located on the northerly portion of the lot as depicted on the Survey. 
 C. Encroachment of the metal canopy over
the 25 foot drainage easement located along the southeasterly lot line as depicted on the Survey. 
 D. Any rights, claims and/or easements in
connection with the fire hydrants and fire department connections in various locations on the subject property as depicted on the Survey. 
 E. Any
rights, claims and/or easements in connection with the wastewater manholes and sanitary sewer manholes lying outside of the sanitary sewer easement as depicted on the Survey. 
  

	 	q.	Any and all liens arising by reason of unpaid bills or claims for work performed or materials furnished in connection with improvements placed, or to be placed, upon the subject land. However, the Company does insure
the Insured against loss, if any, sustained by the Insured under this Policy if such liens have been filed with the County Clerk of Austin County, Texas, prior to the date hereof. 

  

					
	
Form 5025548 (3-1-17)                
	 	Page 10 of 17                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 

 
 RESTRICTIONS, ENCROACHMENTS, MINERALS ENDORSEMENT - 

OWNER’S POLICY (FORM T-19.1) 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 
 File No.: NCS-762885-05-SA1 
  

	  1.	 The insurance provided by this endorsement is subject to the exclusions in Section 5 of this endorsement; and the
Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions in the policy. 

  

	  2.	 For the purposes of this endorsement only: 

	 	  a.	 “Covenant’’ means a covenant, condition, limitation or restriction in a document or instrument in effect
at Date of Policy. 

	 	  b.	 “Improvement” means a building, structure, road, walkway, driveway, or curb, affixed to either the Land or
adjoining land and that by law constitutes real property, but excluding any crops, landscaping, lawn, shrubbery, or trees. 

	 	  c.	 “Private Right” means (i) an option to purchase; (ii) a right of first refusal; or (iii) a
right of prior approval of a future purchaser or occupant. 

  

	  3.	 The Company insures against loss or damage sustained by the Insured by reason of: 

	 	  a.	 A violation on the Land at Date of Policy of an enforceable Covenant, unless an exception in Schedule B of the policy
identifies the violation; 

	 	  b.	 Enforced removal of an Improvement located on the Land at Date of Policy as a result of a violation, at Date of Policy,
of a building setback line shown on a plat of subdivision recorded or filed in the Public Records, unless an exception in Schedule B of the policy identifies the violation; 

	 	  c.	 A notice of a violation, recorded in the Public Records at Date of Policy, of an enforceable Covenant relating to
environmental protection describing any part of the Land and referring to that Covenant, but only to the extent of the violation of the Covenant referred to in that notice, unless an exception in Schedule B of the policy identifies the notice of the
violation; or 

	 	  d.	 Enforcement of a Private Right in a Covenant affecting the Title at Date of Policy based on a transfer of Title on or
before Date of Policy that causes a loss of the Insured’s Title. 

  

	  4.	 The Company insures against loss or damage sustained by reason of: 

	 	  a.	 An encroachment of: 

	 	  i.	 an Improvement located on the Land, at Date of Policy, onto adjoining land or onto that portion of the Land subject to
an easement; or 

	 	  ii.	 an Improvement located on adjoining land onto the Land at Date of Policy unless an exception in Schedule B of the policy
identifies the encroachment otherwise insured against in Sections 4.a.i. or 4.a.ii.; or 

	 	  b.	 A final court order or judgment requiring the removal from any land adjoining the Land of an encroachment identified in
Schedule B; or 

	 	  c.	 Damage to an Improvement located on the Land, at Date of Policy that is located on or encroaches onto that portion of
the Land subject to an easement excepted in Schedule B, which damage results from the exercise of the right to maintain the easement for the purpose for which it was granted or reserved; or 

	 	  d.	 Damage to an Improvement located on the Land on or after Date of Policy, resulting from the future exercise of a right
to use the surface of the Land for the extraction or development of minerals or any other subsurface substances excepted from the description of the Land or excepted in Schedule B. 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 11 of 17                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

	5.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from: 

	 	  a.	any Covenant contained in an instrument creating a lease; 

	 	  b.	any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; 

	 	  c.	except as provided in Paragraph 3.c., any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances; 

	 	  d.	contamination, explosion, fire, fracturing, vibration, earthquake, or subsidence; or 

	 	  e.	negligence by a person or an Entity exercising a right to extract or develop minerals or other subsurface substances. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 12 of 17                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 

 
 MINERALS AND SURFACE DAMAGE 

ENDORSEMENT (T-19.2) 

Issued by 
 First American Title
Insurance Company 
 Herein called the Company 

Attached to Policy No.: 
 File No.: NCS-762885-05-SA1 
 Applies to
Parcel(s): 
 The Company insures the insured against loss which the insured shall sustain by reason of damage to improvements (excluding lawns shrubbery, or trees)
located on the Land on or after Date of Policy resulting from the future exercise of any right existing at Date of Policy to use the surface of the Land for the extraction or development of coal, lignite, oil, gas or other minerals excepted or
excluded on Schedule A, Item 2 or excepted in Schedule B. This endorsement does not insure against loss resulting from subsidence. 
 This endorsement is issued as
part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of
Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the
policy and of any prior endorsements. 
 Dated: 
  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 13 of 17                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 

 
 ACCESS ENDORSEMENT (T-23) 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 
 File No.: NCS-762885-05-SA1 
 Issued by
FIRST AMERICAN TITLE INSURANCE COMPANY herein called the company 
 The Company insures against loss or damage sustained by the insured if, at Date of Policy:
(i) the land does not abut and have both actual vehicular and pedestrian access to and from Great Hills Trail (as to Tract 1) (the “Street”), or (ii) the street is not physically open. 

This endorsement is made a part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 14 of 17                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 

 
 ACCESS ENDORSEMENT (T-23) 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 
 File No.: NCS-762885-05-SA1 
 Issued by
FIRST AMERICAN TITLE INSURANCE COMPANY herein called the company 
 The Company insures against loss or damage sustained by the insured if, at Date of Policy:
(i) the land does not abut and have both actual vehicular and pedestrian access to and from Rian Creek Parkway (as to Tract 1) (the “Street”), or (ii) the street is not physically open. 

This endorsement is made a part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 15 of 17                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

			
	 

	 	
Important Notice
  

ISSUED BY
 First American Title Insurance
Company

  

			
	  

IMPORTANT NOTICE
	  	AVISO IMPORTANTE
	To obtain information or make a complaint:	  	Para obtener informacion o para someter una queja:
	 	 
	You may call First American Title Insurance Company’s	  	Usted puede llamar al numero de telefono gratis First
	toll-free telephone number for information or to make a	  	 American Title Insurance Company’s para
informacion

	complaint at:	  	para someter una queja al:
	1-888-632-1642
	  	1-888-632-1642
	 	 
	You may also write to First American Title Insurance	  	Usted tambien puede escribir a First American Title
	Company at:	  	Insurance Company:
	 	 
	1 First American Way	  	1 First American Way
	Santa Ana, California 92707	  	Santa Ana, California 92707
	 	 
	You may contact the Texas Department of Insurance to	  	Puede comunicarse con el Departamento de Seguros de
	obtain information on companies, coverages, rights or	  	Texas para obtener informacion acerca de companias,
	complaints at:	  	coberturas, derechos o quejas al:
	 	 
	1-800-252-3439
	  	1-800-252-3439
	 	 
	You may write the Texas Department of Insurance:	  	Puede escribir al Departamento de Seguros de Texas:
	 	 
	P.O. Box 149104	  	P.O. Box 149104
	Austin, TX 78714-9104	  	Austin, TX 78714-9104
	Fax: (512) 475-1771	  	Fax: (512) 475-1771
	Web: http://www.tdi.state.tx.us	  	Web: http://www.tdi.state.tx.us
	E-mail: ConsumerProtection@tdi.state.tx.us	  	E-mail: ConsumerProtection@tdi.state.tx.us
	 	 
	PREMIUM OR CLAIM DISPUTES:	  	DISPUTAS SOBRE PRIMAS O RECLAMOS:
	 Should you have a
dispute concerning your premium or
 about a claim you should contact First American Title

Insurance Company first. If the dispute is not resolved, you

may contact the Texas Department of Insurance.
	  	 Si tiene una disputa concerniente a su prima o a
un
 reclamo, debe comunicarse con el First American Title

Insurance Company primero. Si no se resuelve la disputa,

puede entonces comunicarse con el departamento (TDI).

	 	 
	ATTACH THIS NOTICE TO YOUR POLICY:	  	UNA ESTE AVISO A SU POLIZA:
	This notice is for information only and does not become a	  	Este aviso es solo para proposito de informacion y no se
	 part or
condition of the attached document.
  
	  	convierte en parte o condicion del documento adjunto.

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 16 of 17                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 

 
 Privacy Information 

We Are Committed to Safeguarding Customer Information 

In order to better serve your needs now and in the future, we may ask you to provide us with certain information. We understand that you may be concerned
about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to us. Therefore, together with our subsidiaries we
have adopted this Privacy Policy to govern the use and handling of your personal information. 
 Applicability 

This Privacy Policy governs our use of the information that you provide to us. It does not govern the manner in which we may use information we have
obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source. First
American calls these guidelines its Fair Information Values. 
 Types of Information 

Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include: 

	 	●	 	 Information we receive from you on applications, forms and in other communications to us, whether in writing, in person,
by telephone or any other means; 

	 	●	 	 Information about your transactions with us, our affiliated companies, or others; and 

	 	●	 	 Information we receive from a consumer reporting agency. 

Use of Information 
 We request information from
you for our own legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have
requested of us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality
control efforts or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title
insurers, property and casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore, we may also provide all the
information we collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing
agreements. 
 Former Customers 
 Even if you
are no longer our customer, our Privacy Policy will continue to apply to you. 
 Confidentiality and Security 

We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal
information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be
handled responsibly and in accordance with this Privacy Policy and First American’s Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic
personal information. 
 Information Obtained Through Our Web Site 

First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information
about you we receive on the Internet. 
 In general, you can visit First American or its affiliates’ Web sites on the World Wide Web without
telling us who you are or revealing any information about yourself. Our Web servers collect the domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of
visits, average time spent on the site, pages viewed and similar information. First American uses this information to measure the use of our site and to develop ideas to improve the content of our site. 

There are times, however, when we may need information from you, such as your name and email address. When information is needed, we will use our best
efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific account/profile
information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above. 
 Business
Relationships 
 First American Financial Corporation’s site and its affiliates’ sites may contain links to other Web sites. While we try
to link only to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy practices employed by other sites. 

Cookies 
 Some of First American’s Web sites
may make use of “cookie” technology to measure site activity and to customize information to your personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the cookie on your hard drive.

 FirstAm.com uses stored cookies. The goal of this
technology is to better serve you when visiting our site, save you time when you are here and to provide you with a more meaningful and productive Web site experience. 

--------------------------------------------------------------------------------------   

Fair Information Values 
 Fairness We
consider consumer expectations about their privacy in all our businesses. We only offer products and services that assure a favorable balance between consumer benefits and consumer privacy. 

Public Record We believe that an open public record creates significant value for society, enhances consumer choice and creates consumer
opportunity. We actively support an open public record and emphasize its importance and contribution to our economy. 
 Use We believe we should
behave responsibly when we use information about a consumer in our business. We will obey the laws governing the collection, use and dissemination of data. 

Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and disseminate. Where possible, we will take
reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer
can secure the required corrections. 
 Education We endeavor to educate the users of our products and services, our employees and others in our
industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our industry to collect and use information in a
responsible manner. 
 Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of
the data we maintain. 
  

					
	 Form 50-PRIVACY (9/1/10)
	  	Page 1 of 1	  	Privacy Information (2001-2010 First American Financial Corporation)

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 17 of 17                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

			
	 

	  	
Owner’s Policy of Title Insurance T-1

	  	  

ISSUED BY
  

First American Title Insurance Company

	  

Owner’s Policy
	  	 POLICY
NUMBER

 Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy
must be given to the Company at the address shown in Section 18 of the Conditions. 
 COVERED RISKS 

SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS, FIRST AMERICAN TITLE INSURANCE
COMPANY, a Nebraska corporation (the “Company”) insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred
by the Insured by reason of: 

	 	1.	 Title being vested other than as stated in Schedule A. 

	 	2.	 Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against
loss from: 

	 	(a)	 A defect in the Title caused by: 

	 	(i)	 forgery, fraud, undue influence, duress, incompetency, incapacity or impersonation; 

	 	(ii)	 failure of any person or Entity to have authorized a transfer or conveyance; 

	 	(iii)	 a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized or delivered;

	 	(iv)	 failure to perform those acts necessary to create a document by electronic means authorized by law;

	 	(v)	 a document executed under a falsified, expired or otherwise invalid power of attorney; 

	 	(vi)	 a document not properly filed, recorded or indexed in the Public Records including failure to perform those acts by
electronic means authorized by law; or 

	 	(vii)	 a defective judicial or administrative proceeding. 

	 	(b)	 The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but
unpaid. 

	 	(c)	 Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed
by an accurate and complete land survey of the Land. The term “encroachment” includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on
adjoining land. 

	 	(d)	 Any statutory or constitutional mechanic’s, contractor’s, or materialman’s lien for labor or materials
having its inception on or before Date of Policy. 

	 	3.	 Lack of good and indefeasible Title. 

	 	4.	 No right of access to and from the Land. 

(Covered Risks Continued on Page 2 
  

 
  

In Witness Whereof, First American Title Insurance Company has caused its corporate name to be hereunto affixed by its authorized officers as of Date of Policy shown in
Schedule A. 
  

	
	First American Title Insurance Company
	
	 /s/ Dennis J.
Gilmore                                        
            

	 Dennis J. Gilmore

	 President

	
	 /s/ Jeffrey S.
Robinson                                        
         

	 Jeffrey S. Robinson

	 Secretary

  

			
		  	This jacket was created electronically and constitutes an original document
	 (This Policy is valid only when Schedules A and B are attached)
	  	

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 1 of 16                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 COVERED RISKS (Continued) 

	 	5.	 The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to
building and zoning) restricting, regulating, prohibiting or relating to: 

	 	(a)	 the occupancy, use or enjoyment of the Land; 

	 	(b)	 the character, dimensions or location of any improvement erected on the Land; 

	 	(c)	 subdivision of land; or 

	 	(d)	 environmental protection 

if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but
only to the extent of the violation or enforcement referred to in that notice. 

	 	6.	 An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of
the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 

	 	7.	 The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded
in the Public Records. 

	 	8.	 Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without
Knowledge. 

	 	9.	 Title being vested other than as stated in Schedule A or being defective: 

	 	(a)	 as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer
of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state
insolvency or similar creditors’ rights laws; or 

	 	(b)	 because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under
federal bankruptcy, state insolvency or similar creditors’ rights laws by reason of the failure of its recording in the Public Records: 

	 	(i)	 to be timely, or 

	 	(ii)	 to impart notice of its existence to a purchaser for value or a judgment or lien creditor. 

	 	10.	 Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been
created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.

 The Company will also pay the costs, attorneys’ fees and expenses incurred in defense of any matter insured against by this
Policy, but only to the extent provided in the Conditions. 
 EXCLUSIONS FROM COVERAGE 

 

 The following matters are expressly excluded from the coverage of this policy and the Company will not pay
loss or damage, costs, attorneys’ fees or expenses that arise by reason of: 

	1.	 (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning)
restricting, regulating, prohibiting or relating to: 

	 	(i)	 the occupancy, use, or enjoyment of the Land; 

	 	(ii)	 the character, dimensions or location of any improvement erected on the Land; 

	 	(iii)	 subdivision of land; or 

	 	(iv)	 environmental protection; 

or the effect of any violation of these laws, ordinances or governmental regulations. This Exclusion 1(a) does not modify or limit the
coverage provided under Covered Risk 5. 

	 	(b)	 Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6.

	2.	 Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.

	3.	 Defects, liens, encumbrances, adverse claims or other matters: 

	 	(a)	 created, suffered, assumed or agreed to by the Insured Claimant; 

	 	(b)	 not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant

  

	 	

	 	 
and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; 

	 	(c)	 resulting in no loss or damage to the Insured Claimant; 

	 	(d)	 attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under
Covered Risk 9 and 10); or 

	 	(e)	 resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title.

	4.	 Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws,
that the transaction vesting the Title as shown in Schedule A, is: 

	 	(a)	 a fraudulent conveyance or fraudulent transfer; or 

	 	(b)	 a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 

 

	5.	 Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching
between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 

	6.	 The refusal of any person to purchase, lease or lend money on the estate or interest covered hereby in the land
described in Schedule A because of Unmarketable Title. 

 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 2 of 16                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 CONDITIONS 

 

	1.	DEFINITION OF TERMS. 

 The following terms when used in this policy mean: 

	 	(a)	 “Amount of Insurance”: the amount stated in Schedule A, as may be increased or decreased by endorsement to
this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. 

	 	(b)	 “Date of Policy”: The date designated as “Date of Policy” in Schedule A. 

	 	(c)	 “Entity”: A corporation, partnership, trust, limited liability company or other similar legal entity.

	 	(d)	 “Insured”: the Insured named in Schedule A. 

	 	(i)	 The term “Insured” also includes: 

	 	(A)	 successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees,
survivors, personal representatives or next of kin; 

	 	(B)	 successors to an Insured by dissolution, merger, consolidation, distribution or reorganization; 

	 	(C)	 successors to an Insured by its conversion to another kind of Entity; 

	 	(D)	 a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title;

	 	(1)	 If the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured,

	 	(2)	 If the grantee wholly owns the named Insured, 

	 	(3)	 If the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the
named Insured are both wholly-owned by the same person or Entity, or 

	 	(4)	 If the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named
in Schedule A for estate planning purposes. 

	 	(ii)	 With regard to (A), (B), (C) and (D) reserving, however, all rights and defenses as to any successor that the
Company would have had against any predecessor Insured. 

	 	(e)	 “Insured Claimant”: an Insured claiming loss or damage. 

	 	(f)	 “Knowledge” or “Known”: actual knowledge, not constructive knowledge or notice that may be imputed
to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. 

	 	(g)	 “Land”: the land described in Schedule A, and affixed improvements that by law constitute real property. The
term “Land” does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate or easement in abutting streets, roads, avenues, alleys, lanes, ways or waterways, but this does not
modify or limit the extent that a right of access to and from the Land is insured by this policy. 

	 	(h)	 “Mortgage”: mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by
electronic means authorized by law. 

	 	(i)	 “Public Records”: records established under state statutes at Date of Policy for the purpose of imparting
constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), “Public Records” shall also include environmental protection liens filed in the records of the clerk
of the United States District Court for the district where the Land is located. 

	 	(j)	 “Title”: the estate or interest described in Schedule A. 

	 	(k)	 “Unmarketable Title”: Title affected by an alleged or apparent matter that would permit a prospective
purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease or lend if there is a contractual condition requiring the delivery of marketable title. 

	2.	 CONTINUATION OF INSURANCE. 

The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured
retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance
of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 

	3.	 NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT. 

The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) below, or
(ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy. If the
Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company’s liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 

When, after the Date of the Policy, the Insured notifies the Company as required herein of a lien, encumbrance, adverse claim or other
defect in Title insured by this policy that is not excluded or excepted from the coverage of this policy, the Company shall promptly investigate the charge to determine whether the lien, encumbrance, adverse claim or defect or other matter is valid
and not barred by law or statute. The Company shall notify the Insured in writing, within a reasonable time, of its determination as to the validity or invalidity of the Insured’s claim or charge under the policy. If the Company concludes that
the lien, encumbrance, adverse claim or defect is not covered by this policy, or was otherwise addressed in the closing of the transaction in connection with which this policy was issued, the Company shall specifically advise the Insured of the
reasons for its determination. If the Company concludes that the lien, encumbrance, adverse claim or defect is valid, the Company shall take one of the following actions: (i) institute the necessary proceedings to clear the lien, encumbrance,
adverse claim or defect from the Title as insured; (ii) indemnify the Insured as provided in this policy; (iii) upon payment of appropriate premium and charges therefor, issue to the Insured Claimant or to a subsequent owner, mortgagee or
holder of the estate or interest in the Land insured by this policy, a policy of  

 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 3 of 16                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 CONDITIONS (Continued)

 title insurance without exception for the lien, encumbrance, adverse claim or
defect, said policy to be in an amount equal to the current value of the Land or, if a loan policy, the amount of the loan; (iv) indemnify another title insurance company in connection with its issuance of a policy(ies) of title insurance
without exception for the lien, encumbrance, adverse claim or defect; (v) secure a release or other document discharging the lien, encumbrance, adverse claim or defect; or (vi) undertake a combination of (i) through (v) herein. 

	4.	 PROOF OF LOSS. 

In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of
payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the
extent possible, the basis of calculating the amount of the loss or damage. 

	5.	 DEFENSE AND PROSECUTION OF ACTIONS. 

	 	(a)	 Upon written request by the Insured, and subject to the options contained in Sections 3 and 7 of these Conditions, the
Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those
stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those
stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured
against by this policy. 

	 	(b)	 The Company shall have the right, in addition to the options contained in Sections 3 and 7, at its own cost, to
institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate
action under the terms of this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this
subsection, it must do so diligently. 

	 	(c)	 Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may
pursue the litigation to a final determination by a court of competent jurisdiction and it expressly reserves the right, in its sole discretion, to appeal from any adverse judgment or order. 

	6.	 DUTY OF INSURED CLAIMANT TO COOPERATE. 

	 	(a)	 In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or
proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by
the Company, the Insured, at the Company’s expense, shall give the Company all reasonable

	 	 
aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful act that in the opinion of
the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company’s obligations to the Insured under the
policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. 

	 	(b)	 The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized
representative of the Company and to produce for examination, inspection and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including
books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if
requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect and copy all of these records in the custody or control of a
third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the
Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information or grant permission to secure reasonably necessary information from third
parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 

	7.	 OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY. 

In case of a claim under this policy, the Company shall have the following additional options: 

	 	(a)	 To Pay or Tender Payment of the Amount of Insurance. 

	 	 	 To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys’ fees and
expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. 

Upon the exercise by the Company of this option, all liability and obligations of the Company to the Insured under this policy, other
than to make the payment required in this subsection, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. 

	 	(b)	 To Pay or Otherwise Settle With Parties Other than the Insured or With the Insured Claimant. 

	 	(i)	 To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under
this policy. In addition, the Company will pay any costs, attorneys’ fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is 

 

  

					
	
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	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 CONDITIONS (Continued)

 obligated to pay; or  

	 	(ii)	 to pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with
any costs, attorneys’ fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. Upon the exercise by the Company of either of the options provided
for in subsections (b)(i) or (ii), the Company’s obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend,
prosecute or continue any litigation. 

  

	8.	 DETERMINATION AND EXTENT OF LIABILITY. 

This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has
suffered loss or damage by reason of matters insured against by this policy. 

	 	(a)	 The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of:

	 	(i)	 the Amount of Insurance; or 

	 	(ii)	 the difference between the value of the Title as insured and the value of the Title subject to the risk insured against
by this policy. 

	 	(b)	 If the Company pursues its rights under Section 3 or 5 and is unsuccessful in establishing the Title, as insured,

	 	(i)	 the Amount of Insurance shall be increased by 10%, and 

	 	(ii)	 the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made
by the Insured Claimant or as of the date it is settled and paid. 

	 	(c)	 In addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys’
fees and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 

  

	9.	 LIMITATION OF LIABILITY. 

 

	 	(a)	 If the Company establishes the Title, or removes the alleged defect, lien or encumbrance, or cures the lack of a right
of access to or from the Land, all as insured, or takes action in accordance with Section 3 or 7, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its
obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. 

	 	(b)	 In the event of any litigation, including litigation by the Company or with the Company’s consent, the Company
shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. 

	 	(c)	 The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in
settling any claim or suit without the prior written consent of the Company. 

  

	10.	 REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY. 

All payments under this policy, except payments made for costs, attorneys’ fees and expenses, shall reduce the Amount of Insurance by the amount of
the payment. 

	11.	 LIABILITY NONCUMULATIVE. 

The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is
taken in Schedule B or to which the Insured has agreed, assumed, or taken subject or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured
under this policy. 
  

	12.	 PAYMENT OF LOSS. 

When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be
made within 30 days. 
  

	13.	 RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT. 

 

	 	(a)	 Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the
rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys’ fees and expenses
paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise or settle in the
name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. 

If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its
right to recover until after the Insured Claimant shall have recovered its loss. 
  

	 	(b)	 The Company’s right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of
insurance or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 

  

	14.	 ARBITRATION. 

Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title
Insurance Arbitration Rules of the American Land Title Association (“Rules”). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but
are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising
out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured, unless the Insured is an individual person (as
distinguished from an Entity). All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall
be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction.

 

  

					
	
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	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 CONDITIONS (Continued)

	15.	 LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT. 

 

	 	(a)	 This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract
between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. 

  

	 	(b)	 Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim, shall be
restricted to this policy. 

  

	 	(c)	 Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or
expressly incorporated by Schedule A of this policy. 

  

	 	(d)	 Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and
provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy or (iv) increase the Amount of
Insurance. Each Commitment, endorsement or other form, or provision in the Schedules to this policy that refers to a term defined in Section 1 of the Conditions shall be deemed to refer to the term regardless of whether the term is capitalized
in the Commitment, endorsement or other form, or Schedule. Each Commitment, endorsement or other form, or provision in the Schedules that refers to the Conditions and Stipulations shall be deemed to refer to the Conditions of this policy.

	16.	 SEVERABILITY. 

In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall
be deemed not to include that provision or such part held to be invalid and all other provisions shall remain in full force and effect. 
  

	17.	 CHOICE OF LAW; FORUM. 

  

	 	(a)	 Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the
premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies or enforcement of policies of title insurance of the jurisdiction where the Land is located.

 Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to
determine the validity of claims against the Title that are adverse to the Insured, and in interpreting and enforcing the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of laws principles to determine the
applicable law. 

	 	(b)	 Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a
state or federal court within the United States of America or its territories having appropriate jurisdiction. 

  

	18.	 NOTICES, WHERE SENT. 

Any notice of claim and any other notice or statement in writing required to be given to the Company under this Policy must be given to
the Company at First American Title Insurance Company, Attn: Claims National Intake Center, 1 First American Way, Santa Ana, California 92707. Phone: 888-632-1642.
 

 

  
 

 
  

			
	  
 

     Schedule A
	  	  

Owner Policy of Title Insurance (T-1)
  

ISSUED BY 

First American Title Insurance Company
  

POLICY NUMBER

  

					
	
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	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 Name and Address of Title Insurance Company: 

First American Title Insurance Company, 1 First American Way, Santa Ana, CA 92707. 

File No.: NCS-762885-05B  

Date of Policy: Date of Recording at Time of Recording 
 Address for Reference only:

 Amount of Insurance:
$41,800,000.00                             Premium: $TBD 

 

	  1.	 Name of Insured: 

  

	 	 Keppel-KBS Westech 360, Inc., a Delaware corporation 

 

	  2.	 The estate or interest in the Land that is insured by this policy is: 

 

	   	 Fee Simple 

  

	  3.	 Title is insured as vested in: 

Keppel-KBS Westech 360, Inc., a Delaware corporation 

 

	  4.	 The land referred to in this policy is described as follows: 

LOT 1, OAKCHASE SECTION 2, A SUBDIVISION IN TRAVIS COUNTY, TEXAS, ACCORDING TO THE MAP OR PLAT THEREOF, RECORDED IN VOLUME 85, PAGE 195A, PLAT RECORDS
OF TRAVIS COUNTY, TEXAS. 

  

					
	
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	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 Schedule B
	 	  

Owner Policy of Title Insurance (T-1)
  

ISSUED BY
 First American Title Insurance Company

 
 POLICY NUMBER

 

 File No. NCS-762885-05B 

EXCEPTIONS FROM COVERAGE 
 This policy does not insure against
loss or damage (and the Company will not pay costs, attorney’s fees or expenses) that arise by reason of the terms and conditions of the leases and easements, if any, shown in Schedule A and the following matters: 

 

	1.	The following restrictive covenants of record itemized below: 

 (the Company must either insert specific
recording data or delete this exception) 
 See Item 6(a) below. 
  

	2.	Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements. 

 

	3.	Homestead or community property or survivorship rights, if any, of any spouse of any Insured. 

  

	4.	Any titles or rights asserted by anyone, including but not limited to, persons, the public, corporations, governments or other entities, 

 

	 	  a.	to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or oceans, or 

 

	 	  b.	to lands beyond the line of the harbor or bulkhead lines as established or changed by any government, or 

  

	 	  c.	to filled-in lands, or artificial islands, or 

  

	 	  d.	to statutory water rights, including riparian rights, or 

  

	 	  e.	to the area extending from the line of mean low tide to the line of vegetation, or the right of access to that area or easement along and across that area. 

 

	5.	Standby fees, taxes and assessments by any taxing authority for the year 2017, and subsequent years; and subsequent taxes and assessments by any taxing authority for prior years due to change in land usage or ownership,
but not those taxes or assessments for prior years because of an exemption granted to a previous owner of the property under Section 11.13, Texas Tax Code, or because of improvements not assessed for a previous tax year. 

 

	6.	The following matters and all terms of the documents creating or offering evidence of the matters: 

	 	(the Company must insert matters or delete this exception) 

 The Following Matters Affect (All
Tracts): 

  

					
	
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	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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	 	a.	Any covenants, conditions or restrictions indicating a preference, limitation or discrimination based on race, color, religion, sex, handicap, familial status, or national origin are hereby deleted to the extent such
covenants, conditions or restrictions violate 42 USC 3604 {c}. 

 Restrictive Covenants recorded in/under Volume 85, Page 195A of the
Plat Records of Travis County, Texas. 
  

	 	b.	This item has been intentionally deleted. 

  

	 	c.	This item has been intentionally deleted. 

  

	 	d.	Rights of tenants in possession, as tenants only, under unrecorded leases or rental agreements as shown on the attached rent roll, which rights do not include any rights of first refusal or options to purchase all or
any portion of the Land. 

  

	 	e.	This item has been intentionally deleted. 

  

	 	f.	All leases, grants, exceptions or reservations of coal, lignite, oil, gas and other minerals, together with all rights, privileges, and immunities relating thereto, appearing in the Public Records whether listed in
Schedule B or not. There may be leases, grants, exceptions or reservations of mineral interest that are not listed. 

  

	 	g.	The following, all according to plat recorded in Volume 85, Page 195A of the Plat Records of Travis County, Texas. 

Drainage easement along the rear property line(s). 

Twenty-five (25’) foot building line along the north property line(s). 

Greenbelt and drainage easement along the south property line(s). 

 

					
	h.	  	      Easement:	    	
		  	        To:	    	City of Austin
		  	        Recorded:	    	in Volume 4235, Page 1306, of the Real Property Records, of County, Texas.
		  	        Purpose:	    	Sanitary sewer easement
			
	i.	  	      Easement:	    	
		  	        To:	    	City of Austin
		  	        Recorded:	    	in Volume 9404, Page 600, of the Real Property Records, of County, Texas.
		  	        Purpose:	    	Public utility easement
		
	j.	  	      Terms, conditions and stipulations contained in Agreement:
		  	        Recorded:	    	Volume 8082, Page 699, Real Property Records, County, Texas.
		  	        Type:	    	Boundary Line Agreement

 The Following Matters Affect (All Tracts): 

 

	 	k.	This item has been intentionally deleted. 

  

	 	l.	Section 14 of the Conditions of this policy is hereby deleted. 

  

	 	m.	The following matters disclosed by an ALTA/NSPS surveys made by Chaparral Professional Land Surveying, Inc. on September 29, 2017 and designated Job No. 557-002 (As to
Tract III): 

  

					
	
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	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 A. Any rights, claims and/or easements in connection with the fire hydrants and fire department
connections in various locations on the subject property as depicted on the Survey. 
 B. Any rights, claims and/or easements in connection with the
wastewater manholes and sanitary sewer manholes lying outside of the sanitary sewer easement as depicted on the Survey. 
 C. Any rights, claims
and/or easements in connection with the water manhole and guy wire located along the north property line (Of Tract III) as depicted on the Survey. 

D. Encroachment of the 3 story glass and frame building and concrete wall over the 25 foot building setback line along the north property line (Of
Tract III) as depicted on the Survey. 
  

	 	n.	Any and all liens arising by reason of unpaid bills or claims for work performed or materials furnished in connection with improvements placed, or to be placed, upon the subject land. However, the Company does insure
the Insured against loss, if any, sustained by the Insured under this Policy if such liens have been filed with the County Clerk of Travis County, Texas, prior to the date hereof. 

  

					
	
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	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 RESTRICTIONS, ENCROACHMENTS, MINERALS ENDORSEMENT - 

OWNER’S POLICY (FORM T-19.1) 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 
 File No.: NCS-762885-05B 
  

	  1.	The insurance provided by this endorsement is subject to the exclusions in Section 5 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions
in the policy. 

  

	  2.	For the purposes of this endorsement only: 

	 	  a.	“Covenant’’ means a covenant, condition, limitation or restriction in a document or instrument in effect at Date of Policy. 

	 	  b.	“Improvement” means a building, structure, road, walkway, driveway, or curb, affixed to either the Land or adjoining land and that by law constitutes real property, but excluding any crops, landscaping, lawn,
shrubbery, or trees. 

	 	  c.	“Private Right” means (i) an option to purchase; (ii) a right of first refusal; or (iii) a right of prior approval of a future purchaser or occupant. 

 

	  3.	The Company insures against loss or damage sustained by the Insured by reason of: 

	 	  a.	A violation on the Land at Date of Policy of an enforceable Covenant, unless an exception in Schedule B of the policy identifies the violation; 

	 	  b.	Enforced removal of an Improvement located on the Land at Date of Policy as a result of a violation, at Date of Policy, of a building setback line shown on a plat of subdivision recorded or filed in the Public Records,
unless an exception in Schedule B of the policy identifies the violation; 

	 	  c.	A notice of a violation, recorded in the Public Records at Date of Policy, of an enforceable Covenant relating to environmental protection describing any part of the Land and referring to that Covenant, but only to the
extent of the violation of the Covenant referred to in that notice, unless an exception in Schedule B of the policy identifies the notice of the violation; or 

	 	  d.	Enforcement of a Private Right in a Covenant affecting the Title at Date of Policy based on a transfer of Title on or before Date of Policy that causes a loss of the Insured’s Title. 

 

	  4.	The Company insures against loss or damage sustained by reason of: 

	 	  a.	An encroachment of: 

	 	  i.	an Improvement located on the Land, at Date of Policy, onto adjoining land or onto that portion of the Land subject to an easement; or 

	 	  ii.	an Improvement located on adjoining land onto the Land at Date of Policy unless an exception in Schedule B of the policy identifies the encroachment otherwise insured against in Sections 4.a.i. or 4.a.ii.; or

	 	  b.	A final court order or judgment requiring the removal from any land adjoining the Land of an encroachment identified in Schedule B; or 

	 	  c.	Damage to an Improvement located on the Land, at Date of Policy that is located on or encroaches onto that portion of the Land subject to an easement excepted in Schedule B, which damage results from the exercise
of the right to maintain the easement for the purpose for which it was granted or reserved; or 

	 	  d.	Damage to an Improvement located on the Land on or after Date of Policy, resulting from the future exercise of a right to use the surface of the Land for the extraction or development of minerals or any other subsurface
substances excepted from the description of the Land or excepted in Schedule B. 

  

					
	
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	  5.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from: 

	 	  a.	any Covenant contained in an instrument creating a lease; 

	 	  b.	any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; 

	 	  c.	except as provided in Paragraph 3.c., any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances; 

	 	  d.	contamination, explosion, fire, fracturing, vibration, earthquake, or subsidence; or 

	 	  e.	negligence by a person or an Entity exercising a right to extract or develop minerals or other subsurface substances. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
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	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 MINERALS AND SURFACE DAMAGE 

ENDORSEMENT (T-19.2) 

Issued by 
 First American Title
Insurance Company 
 Herein called the Company 

Attached to Policy No.: 
 File No.: NCS-762885-05B 
 Applies to Parcel(s): 

The Company insures the insured against loss which the insured shall sustain by reason of damage to improvements (excluding lawns shrubbery, or trees) located on the
Land on or after Date of Policy resulting from the future exercise of any right existing at Date of Policy to use the surface of the Land for the extraction or development of coal, lignite, oil, gas or other minerals excepted or excluded on Schedule
A, Item 2 or excepted in Schedule B. This endorsement does not insure against loss resulting from subsidence. 
 This endorsement is issued as part of the policy.
Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a
provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior
endorsements. 
 Dated: 
  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
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	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 ACCESS ENDORSEMENT (T-23) 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 
 File No.: NCS-762885-05B 
 Issued by FIRST AMERICAN TITLE INSURANCE COMPANY
herein called the company 
 The Company insures against loss or damage sustained by the insured if, at Date of Policy: (i) the land does not abut and have both
actual vehicular and pedestrian access to and from Capital of Texas Highway (Loop 360) (the “Street”), or (ii) the street is not physically open. 

This endorsement is made a part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 14 of 16                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

			
	 

	 	
Important Notice
  

ISSUED BY
 First American Title Insurance
Company

  

			
	  	  	  
	IMPORTANT NOTICE	  	AVISO IMPORTANTE
	To obtain information or make a complaint:	  	Para obtener informacion o para someter una queja:
	 	 
	You may call First American Title Insurance Company’s	  	Usted puede llamar al numero de telefono gratis First
	toll-free telephone number for information or to make a	  	 American Title Insurance Company’s
para informacion o

	complaint at:	  	para someter una queja al:
	1-888-632-1642	  	1-888-632-1642
	 	 
	You may also write to First American Title Insurance	  	Usted tambien puede escribir a First American Title
	Company at:	  	Insurance Company:
	 	 
	1 First American Way	  	1 First American Way
	Santa Ana, California 92707	  	Santa Ana, California 92707
	 	 
	You may contact the Texas Department of Insurance to	  	Puede comunicarse con el Departamento de Seguros de
	obtain information on companies, coverages, rights or	  	Texas para obtener informacion acerca de companias,
	complaints at:	  	coberturas, derechos o quejas al:
	 	 
	1-800-252-3439	  	1-800-252-3439
	 	 
	You may write the Texas Department of Insurance:	  	Puede escribir al Departamento de Seguros de Texas:
	 	 
	P.O. Box 149104	  	P.O. Box 149104
	Austin, TX 78714-9104	  	Austin, TX 78714-9104
	Fax: (512) 475-1771	  	Fax: (512) 475-1771
	Web: http://www.tdi.state.tx.us	  	Web: http://www.tdi.state.tx.us
	E-mail: ConsumerProtection@tdi.state.tx.us	  	E-mail: ConsumerProtection@tdi.state.tx.us
	 	 
	PREMIUM OR CLAIM DISPUTES:	  	DISPUTAS SOBRE PRIMAS O RECLAMOS:
	Should you have a dispute concerning your premium or	  	Si tiene una disputa concerniente a su prima o a un
	about a claim you should contact First American Title	  	reclamo, debe comunicarse con el First American Title
	Insurance Company first. If the dispute is not resolved, you	  	Insurance Company primero. Si no se resuelve la disputa,
	may contact the Texas Department of Insurance.	  	puede entonces comunicarse con el departamento (TDI).
	 	 
	ATTACH THIS NOTICE TO YOUR POLICY:	  	UNA ESTE AVISO A SU POLIZA:
	This notice is for information only and does not become a	  	Este aviso es solo para proposito de informacion y no se
	part or condition of the attached document.	  	convierte en parte o condicion del documento adjunto.
	 	  	 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 15 of 16                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 

 
 Privacy Information 
 We Are Committed to
Safeguarding Customer Information 
 In order to better serve your needs now and in the future, we may ask you to provide us with certain
information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to
us. Therefore, together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. 
 Applicability

 This Privacy Policy governs our use of the information that you provide to us. It does not govern the manner in which we may use information we
have obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source. First
American calls these guidelines its Fair Information Values. 
 Types of Information 

Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include: 

	 	●	 	 Information we receive from you on applications, forms and in other communications to us, whether in writing, in person,
by telephone or any other means; 

	 	●	 	 Information about your transactions with us, our affiliated companies, or others; and 

	 	●	 	 Information we receive from a consumer reporting agency. 

Use of Information 
 We request information from you for our own
legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested of
us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts
or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and
casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore, we may also provide all the information we
collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing agreements. 

Former Customers 
 Even if you are no longer our customer, our
Privacy Policy will continue to apply to you. 
 Confidentiality and Security 

We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal
information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be
handled responsibly and in accordance with this Privacy Policy and First American’s Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic
personal information. 
 Information Obtained Through Our Web Site 

First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information
about you we receive on the Internet. 
 In general, you can visit First American or its affiliates’ Web sites on the World Wide Web without
telling us who you are or revealing any information about yourself. Our Web servers collect the domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of
visits, average time spent on the site, pages viewed and similar information. First American uses this information to measure the use of our site and to develop ideas to improve the content of our site. 

There are times, however, when we may need information from you, such as your name and email address. When information is needed, we will use our best
efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific account/profile
information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above. 
 Business Relationships

 First American Financial Corporation’s site and its affiliates’ sites may contain links to other Web sites. While we try to link only
to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy practices employed by other sites. 
 Cookies

 Some of First American’s Web sites may make use of “cookie” technology to measure site activity and to customize information to
your personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the cookie on your hard drive. 
 FirstAm.com uses stored cookies. The goal of this technology is to better serve you when visiting our site, save you time when you are here and to provide you
with a more meaningful and productive Web site experience. 
 ------------------------------------------------ 

Fair Information Values 
 Fairness We consider consumer
expectations about their privacy in all our businesses. We only offer products and services that assure a favorable balance between consumer benefits and consumer privacy. 

Public Record We believe that an open public record creates significant value for society, enhances consumer choice and creates consumer
opportunity. We actively support an open public record and emphasize its importance and contribution to our economy. 
 Use We believe we should
behave responsibly when we use information about a consumer in our business. We will obey the laws governing the collection, use and dissemination of data. 

Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and disseminate. Where possible, we will take
reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer
can secure the required corrections. 
 Education We endeavor to educate the users of our products and services, our employees and others in our
industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our industry to collect and use information in a
responsible manner. 
 Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of
the data we maintain. 
  

					
	 Form 50-PRIVACY (9/1/10)
	  	Page 1 of 1	  	Privacy Information (2001-2010 First American Financial Corporation)

  

					
	
Form 5025548 (3-1-17)                
	 	Page 16 of 16                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

			
	

	  	  

Owner Policy of Title Insurance T-1

 

	  	 
	  	 ISSUED BY

 
 First American Title Insurance Company

	Owner’s Policy	  	 POLICY NUMBER

 Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy
must be given to the Company at the address shown in Section 18 of the Conditions. 
 COVERED RISKS 

SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS, FIRST AMERICAN TITLE INSURANCE
COMPANY, a Nebraska corporation (the “Company”) insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred
by the Insured by reason of: 

	 	1.	 Title being vested other than as stated in Schedule A. 

	 	2.	 Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against
loss from: 

	 	(a)	 A defect in the Title caused by: 

	 	(i)	 forgery, fraud, undue influence, duress, incompetency, incapacity or impersonation; 

	 	(ii)	 failure of any person or Entity to have authorized a transfer or conveyance; 

	 	(iii)	 a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized or delivered;

	 	(iv)	 failure to perform those acts necessary to create a document by electronic means authorized by law;

	 	(v)	 a document executed under a falsified, expired or otherwise invalid power of attorney; 

	 	(vi)	 a document not properly filed, recorded or indexed in the Public Records including failure to perform those acts by
electronic means authorized by law; or 

	 	(vii)	 a defective judicial or administrative proceeding. 

	 	(b)	 The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but
unpaid. 

	 	(c)	 Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed
by an accurate and complete land survey of the Land. The term “encroachment” includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on
adjoining land. 

	 	(d)	 Any statutory or constitutional mechanic’s, contractor’s, or materialman’s lien for labor or materials
having its inception on or before Date of Policy. 

	 	3.	 Lack of good and indefeasible Title. 

	 	4.	 No right of access to and from the Land. 

(Covered Risks Continued on Page 2 
  

 
  

In Witness Whereof, First American Title Insurance Company has caused its corporate name to be hereunto affixed by its authorized officers as of Date of
Policy shown in Schedule A. 
  

			
	 First American Title Insurance Company

 
	  	
	 /s/ Dennis J.
Gilmore                                        
      
	  	
	 Dennis J. Gilmore
	  	
	 President
  
	  	
	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	 Jeffrey S. Robinson
	  	
	 Secretary
	  	

 This jacket was created electronically and constitutes an
original document  
 (This Policy is valid only when Schedules A and B are attached) 

  

					
	
Form 5025548 (3-1-17)                
	 	Page 1 of 18                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 COVERED RISKS (Continued) 

 

	 	5.	 The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to
building and zoning) restricting, regulating, prohibiting or relating to: 

	 	(a)	 the occupancy, use or enjoyment of the Land; 

	 	(b)	 the character, dimensions or location of any improvement erected on the Land; 

	 	(c)	 subdivision of land; or 

	 	(d)	 environmental protection 

if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but
only to the extent of the violation or enforcement referred to in that notice. 

	 	6.	 An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of
the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 

	 	7.	 The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded
in the Public Records. 

	 	8.	 Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without
Knowledge. 

	 	9.	 Title being vested other than as stated in Schedule A or being defective: 

	 	(a)	 as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer
of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state
insolvency or similar creditors’ rights laws; or 

	 	(b)	 because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under
federal bankruptcy, state insolvency or similar creditors’ rights laws by reason of the failure of its recording in the Public Records: 

	 	(i)	 to be timely, or 

	 	(ii)	 to impart notice of its existence to a purchaser for value or a judgment or lien creditor. 

	 	10.	 Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been
created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.

 The Company will also pay the costs, attorneys’ fees and expenses incurred in defense of any matter insured against by this
Policy, but only to the extent provided in the Conditions. 
 EXCLUSIONS FROM COVERAGE

 The following matters are expressly excluded from the coverage of this policy and the Company will not pay
loss or damage, costs, attorneys’ fees or expenses that arise by reason of: 

	1.	 (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning)
restricting, regulating, prohibiting or relating to: 

	 	(i)	 the occupancy, use, or enjoyment of the Land; 

	 	(ii)	 the character, dimensions or location of any improvement erected on the Land; 

	 	(iii)	 subdivision of land; or 

	 	(iv)	 environmental protection; 

or the effect of any violation of these laws, ordinances or governmental regulations. This Exclusion 1(a) does not modify or limit the
coverage provided under Covered Risk 5. 

	 	(b)	 Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6.

	2.	 Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.

	3.	 Defects, liens, encumbrances, adverse claims or other matters: 

	 	(a)	 created, suffered, assumed or agreed to by the Insured Claimant; 

	 	(b)	 not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant

	 	 
and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; 

	 	(c)	 resulting in no loss or damage to the Insured Claimant; 

	 	(d)	 attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under
Covered Risk 9 and 10); or 

	 	(e)	 resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title.

	4.	 Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws,
that the transaction vesting the Title as shown in Schedule A, is: 

	 	(a)	 a fraudulent conveyance or fraudulent transfer; or 

	 	(b)	 a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 

	5.	 Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching
between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 

	6.	 The refusal of any person to purchase, lease or lend money on the estate or interest covered hereby in the land
described in Schedule A because of Unmarketable Title. 

 

  

					
	
Form 5025548 (3-1-17)                
	 	Page 2 of 18                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 CONDITIONS

	1.	 DEFINITION OF TERMS. 

The following terms when used in this policy mean: 

	 	(a)	 “Amount of Insurance”: the amount stated in Schedule A, as may be increased or decreased by endorsement to
this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. 

	 	(b)	 “Date of Policy”: The date designated as “Date of Policy” in Schedule A. 

	 	(c)	 “Entity”: A corporation, partnership, trust, limited liability company or other similar legal entity.

	 	(d)	 “Insured”: the Insured named in Schedule A. 

	 	(i)	 The term “Insured” also includes: 

	 	(A)	 successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees,
survivors, personal representatives or next of kin; 

	 	(B)	 successors to an Insured by dissolution, merger, consolidation, distribution or reorganization; 

	 	(C)	 successors to an Insured by its conversion to another kind of Entity; 

	 	(D)	 a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title;

	 	(1)	 If the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured,

	 	(2)	 If the grantee wholly owns the named Insured, 

	 	(3)	 If the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the
named Insured are both wholly-owned by the same person or Entity, or 

	 	(4)	 If the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named
in Schedule A for estate planning purposes. 

	 	(ii)	 With regard to (A), (B), (C) and (D) reserving, however, all rights and defenses as to any successor that the
Company would have had against any predecessor Insured. 

	 	(e)	 “Insured Claimant”: an Insured claiming loss or damage. 

	 	(f)	 “Knowledge” or “Known”: actual knowledge, not constructive knowledge or notice that may be imputed
to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. 

	 	(g)	 “Land”: the land described in Schedule A, and affixed improvements that by law constitute real property. The
term “Land” does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate or easement in abutting streets, roads, avenues, alleys, lanes, ways or waterways, but this does not
modify or limit the extent that a right of access to and from the Land is insured by this policy. 

	 	(h)	 “Mortgage”: mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by
electronic means authorized by law. 

	 	(i)	 “Public Records”: records established under state statutes at Date of Policy for the purpose of imparting
constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), “Public Records” shall also include environmental protection liens filed in the records of the clerk
of the United States District Court for the district where the Land is located. 

	 	(j)	 “Title”: the estate or interest described in Schedule A. 

	 	(k)	 “Unmarketable Title”: Title affected by an alleged or apparent matter that would permit a prospective
purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease or lend if there is a contractual condition requiring the delivery of marketable title. 

	2.	 CONTINUATION OF INSURANCE. 

The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured
retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance
of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 

	3.	 NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT. 

The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) below, or
(ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy. If the
Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company’s liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 

When, after the Date of the Policy, the Insured notifies the Company as required herein of a lien, encumbrance, adverse claim or other
defect in Title insured by this policy that is not excluded or excepted from the coverage of this policy, the Company shall promptly investigate the charge to determine whether the lien, encumbrance, adverse claim or defect or other matter is valid
and not barred by law or statute. The Company shall notify the Insured in writing, within a reasonable time, of its determination as to the validity or invalidity of the Insured’s claim or charge under the policy. If the Company concludes that
the lien, encumbrance, adverse claim or defect is not covered by this policy, or was otherwise addressed in the closing of the transaction in connection with which this policy was issued, the Company shall specifically advise the Insured of the
reasons for its determination. If the Company concludes that the lien, encumbrance, adverse claim or defect is valid, the Company shall take one of the following actions: (i) institute the necessary proceedings to clear the lien, encumbrance,
adverse claim or defect from the Title as insured; (ii) indemnify the Insured as provided in this policy; (iii) upon payment of appropriate premium and charges therefor, issue to the Insured Claimant or to a subsequent owner, mortgagee or
holder of the estate or interest in the Land insured by this policy, a policy of 

 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 3 of 18                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 CONDITIONS (Continued)

 title insurance without exception for the lien, encumbrance, adverse claim or
defect, said policy to be in an amount equal to the current value of the Land or, if a loan policy, the amount of the loan; (iv) indemnify another title insurance company in connection with its issuance of a policy(ies) of title insurance
without exception for the lien, encumbrance, adverse claim or defect; (v) secure a release or other document discharging the lien, encumbrance, adverse claim or defect; or (vi) undertake a combination of (i) through (v) herein. 

	4.	 PROOF OF LOSS. 

In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of
payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the
extent possible, the basis of calculating the amount of the loss or damage. 

	5.	 DEFENSE AND PROSECUTION OF ACTIONS. 

	 	(a)	 Upon written request by the Insured, and subject to the options contained in Sections 3 and 7 of these Conditions, the
Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those
stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those
stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured
against by this policy. 

	 	(b)	 The Company shall have the right, in addition to the options contained in Sections 3 and 7, at its own cost, to
institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate
action under the terms of this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this
subsection, it must do so diligently. 

	 	(c)	 Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may
pursue the litigation to a final determination by a court of competent jurisdiction and it expressly reserves the right, in its sole discretion, to appeal from any adverse judgment or order. 

	6.	 DUTY OF INSURED CLAIMANT TO COOPERATE. 

	 	(a)	 In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or
proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by
the Company, the Insured, at the Company’s expense, shall give the Company all reasonable

	 	 
aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful act that in the opinion of
the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company’s obligations to the Insured under the
policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. 

	 	(b)	 The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized
representative of the Company and to produce for examination, inspection and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including
books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if
requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect and copy all of these records in the custody or control of a
third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the
Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information or grant permission to secure reasonably necessary information from third
parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 

	7.	 OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY. 

In case of a claim under this policy, the Company shall have the following additional options: 

	 	(a)	 To Pay or Tender Payment of the Amount of Insurance. 

To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys’ fees and expenses
incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. 

Upon the exercise by the Company of this option, all liability and obligations of the Company to the Insured under this policy, other
than to make the payment required in this subsection, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. 

	 	(b)	 To Pay or Otherwise Settle With Parties Other than the Insured or With the Insured Claimant. 

	 	(i)	 To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under
this policy. In addition, the Company will pay any costs, attorneys’ fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is 

 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 4 of 18                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 CONDITIONS (Continued)

	 	obligated	 to pay; or 

	 	(ii)	 to pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with
any costs, attorneys’ fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. Upon the exercise by the Company of either of the options provided
for in subsections (b)(i) or (ii), the Company’s obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend,
prosecute or continue any litigation. 

	8.	 DETERMINATION AND EXTENT OF LIABILITY. 

This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has
suffered loss or damage by reason of matters insured against by this policy. 

	 	(a)	 The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of:

	 	(i)	 the Amount of Insurance; or 

	 	(ii)	 the difference between the value of the Title as insured and the value of the Title subject to the risk insured against
by this policy. 

	 	(b)	 If the Company pursues its rights under Section 3 or 5 and is unsuccessful in establishing the Title, as insured,

	 	(i)	 the Amount of Insurance shall be increased by 10%, and 

	 	(ii)	 the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made
by the Insured Claimant or as of the date it is settled and paid. 

	 	(c)	 In addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys’
fees and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 

	9.	 LIMITATION OF LIABILITY. 

	 	(a)	 If the Company establishes the Title, or removes the alleged defect, lien or encumbrance, or cures the lack of a right
of access to or from the Land, all as insured, or takes action in accordance with Section 3 or 7, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its
obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. 

	 	(b)	 In the event of any litigation, including litigation by the Company or with the Company’s consent, the Company
shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. 

	 	(c)	 The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in
settling any claim or suit without the prior written consent of the Company. 

	10.	 REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY. 

All payments under this policy, except payments made for costs, attorneys’ fees and expenses, shall reduce the Amount of Insurance by the amount of
the payment. 

	11.	 LIABILITY NONCUMULATIVE. 

The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is
taken in Schedule B or to which the Insured has agreed, assumed, or taken subject or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured
under this policy. 

	12.	 PAYMENT OF LOSS. 

When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be
made within 30 days. 

	13.	 RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT. 

	 	(a)	 Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the
rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys’ fees and expenses
paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise or settle in the
name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. 

If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its
right to recover until after the Insured Claimant shall have recovered its loss. 

	 	(b)	 The Company’s right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of
insurance or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 

	14.	 ARBITRATION. 

Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title
Insurance Arbitration Rules of the American Land Title Association (“Rules”). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but
are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising
out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured, unless the Insured is an individual person (as
distinguished from an Entity). All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall
be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction.

 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 5 of 18                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 CONDITIONS (Continued)

	15.	 LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT. 

	 	(a)	 This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract
between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. 

	 	(b)	 Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim, shall be
restricted to this policy. 

	 	(c)	 Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or
expressly incorporated by Schedule A of this policy. 

	 	(d)	 Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and
provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy or (iv) increase the Amount of
Insurance. Each Commitment, endorsement or other form, or provision in the Schedules to this policy that refers to a term defined in Section 1 of the Conditions shall be deemed to refer to the term regardless of whether the term is capitalized
in the Commitment, endorsement or other form, or Schedule. Each Commitment, endorsement or other form, or provision in the Schedules that refers to the Conditions and Stipulations shall be deemed to refer to the Conditions of this policy.

	16.	 SEVERABILITY. 

In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall
be deemed not to include that provision or such part held to be invalid and all other provisions shall remain in full force and effect. 

	17.	 CHOICE OF LAW; FORUM. 

	 	(a)	 Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the
premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies or enforcement of policies of title insurance of the jurisdiction where the Land is located.

	 	 	 Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the
validity of claims against the Title that are adverse to the Insured, and in interpreting and enforcing the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of laws principles to determine the applicable law.

	 	(b)	 Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a
state or federal court within the United States of America or its territories having appropriate jurisdiction. 

	18.	 NOTICES, WHERE SENT. 

Any notice of claim and any other notice or statement in writing required to be given to the Company under this Policy must be given to
the Company at First American Title Insurance Company, Attn: Claims National Intake Center, 1 First American Way, Santa Ana, California 92707. Phone: 888-632-1642.
 

 

  
 

 
  

			
	 

    
	  	 Owner Policy of Title Insurance (T-1)
  

	  	 ISSUED BY

	  	First American Title Insurance Company
	  

Schedule A
  
	  	  

POLICY NUMBER

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 6 of 18                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 Name and Address of Title Insurance Company: 

First American Title Insurance Company, 1 First American Way, Santa Ana, CA 92707. 

File No.: NCS-762885-09-SA1  

Date of Policy: Date of recording at Time of recording 
 Address for Reference only:
1800 West Loop South, Houston, TX 
 Amount of Insurance: $78,550,000.00
                        Premium: $TBD 
  

	 	1.	Name of Insured: 

 Keppel-KBS 1800 West Loop, Inc., a Delaware
corporation 
  

	 	2.	The estate or interest in the Land that is insured by this policy is: 

 Fee Simple 

 

	 	3.	Title is insured as vested in: 

 Keppel-KBS 1800 West Loop, Inc.,
a Delaware corporation 
  

	 	4.	The land referred to in this policy is described as follows: 

 ALL THAT CERTAIN 1.8846 ACRES OF LAND IN
THE WILLIAM WHITE SURVEY, A-836, HOUSTON, HARRIS COUNTY, TEXAS AND BEING ALL OF THAT CERTAIN CALLED 1.8846 ACRE TRACT OF LAND DESCRIBED IN A DEED DATED 03-23-2004 FROM CRESCENT REAL ESTATE FUNDING VIII, L.P. TO 1800 WEST LOOP HOUSTON, LTD. FILED IN THE OFFICIAL PUBLIC RECORDS OF REAL PROPERTY OF HARRIS COUNTY, TEXAS, AT CLERK FILE NO. X-479543, FILM CODE NO. ###-##-####, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: 

COMMENCING AT A POINT BEING THE INTERSECTION OF THE SOUTH RIGHT-OF-WAY
LINE OF HALLMARK STREET (60’ WIDE) AND THE WEST RIGHT-OF-WAY LINE OF INTERSTATE HIGHWAY 610 (WEST LOOP SOUTH) (WIDTH VARIES) AND BEING A POINT ON A CURVE TO THE
RIGHT HAVING A CENTRAL ANGLE OF 01° 38’ 11”, A RADIUS OF 5,554.58’, THE CENTER BEING LOCATED ON A RADIAL LINE BEARING OF N 79° 04’ 14” W FROM SAID POINT; THENCE IN A SOUTHERLY DIRECTION WITH SAID CURVE AND WITH SAID
WEST RIGHT-OF-WAY LINE FOR AN ARC DISTANCE OF 158.64’ TO A FOUND 5/8” IRON ROD FOR THE POINT OF TANGENCY; THENCE S 12° 33’ 58” W - 188.93’,
CONTINUING WITH SAID WEST RIGHT-OF-WAY LINE TO A FOUND 5/8” IRON ROD WITH CAP FOR THE POINT OF BEGINNING; 

THENCE S 12° 33’ 58” W - 386.24’, CONTINUING WITH SAID WEST RIGHT-OF-WAY LINE TO A FOUND 5/8” IRON ROD WITH CAP FOR CORNER; 
 THENCE S 89° 08’ 16” W
- 64.45’, WITH THE SOUTH LINE OF THE SUBJECT TRACT BEING A CUTBACK LINE FOR SAID I.H. 610 TO A FOUND 5/8” IRON ROD WITH CAP FOR CORNER ON THE EASTERLY
RIGHT-OF-WAY LINE OF SAN FELIPE ROAD (AS WIDENED); 
 THENCE N 35°
17’ 22” W - 81.40’, CONTINUING WITH SAID EASTERLY RIGHT-OF-WAY LINE TO A FOUND 5/8” IRON ROD WITH CAP FOR CORNER; 

THENCE S 81° 11’ 20” W - 4.03’, CONTINUING WITH SAID EASTERLY
RIGHT-OF-WAY LINE TO A FOUND 5/8” IRON ROD WITH CAP FOR CORNER; 

THENCE N 31° 06’ 19” W - 48.39’, CONTINUING WITH SAID EASTERLY
RIGHT-OF-WAY LINE TO A FOUND 5/8” IRON ROD WITH CAP FOR CORNER; 

  

					
	
Form 5025548 (3-1-17)                
	 	
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	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 THENCE S 80° 28’ 59” W - 5.76’, CONTINUING WITH SAID EASTERLY RIGHT-OF-WAY LINE TO A FOUND 5/8” IRON ROD WITH CAP FOR CORNER; 

THENCE N 30° 41’ 38” W - 186.63’, CONTINUING WITH SAID EASTERLY RIGHT-OF-WAY LINE TO A FOUND 1/2” IRON ROD FOR CORNER; 
 THENCE WITH
THAT CERTAIN BOUNDARY LINE AGREEMENT DATED 08-06-1990 BETWEEN THE PRUDENTIAL INSURANCE COMPANY OF AMERICA, 1800 WEST LOOP TOWER ASSOCIATES AND AETNA INSURANCE COMPANY
FILED IN THE OFFICIAL PUBLIC RECORDS OF REAL PROPERTY OF HARRIS COUNTY, TEXAS, AT CLERK FILE NO. M-780636, FILM CODE NO.
###-##-####, THE FOLLOWING THREE (3) COURSES AND DISTANCES: 
 N
59° 21’ 04” E - 25.05’ TO A FOUND 5/8” IRON ROD IN CONCRETE; 
 NORTH - 76.08’ TO A FOUND 5/8” IRON ROD IN CONCRETE;

 N 80° 57’ 30” E - 238.44’ TO A FOUND 5/8” IRON ROD IN CONCRETE; 

THENCE S 77° 31’ 09” E - 70.06’, CONTINUING WITH SAID BOUNDARY LINE AGREEMENT TO THE POINT OF BEGINNING AND CONTAINING 1.8846 ACRES
(82,095 SQUARE FEET) OF LAND, MORE OR LESS. 
 Note: The Company is prohibited from insuring the area or quantity of the land described herein. Any
statement in the above legal description of the area or quantity of land is not a representation that such area or quantity is correct, but is made only for informational and/or identification purposes and does not override Item 2 of Schedule B
hereof. 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 8 of 18                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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..    
	  	 Owner Policy of
Title Insurance (T-1)

	  	  

ISSUED BY

	  	 First American Title Insurance
Company

	
Schedule B
	  	  

POLICY NUMBER
  

 File No.
NCS-762885-09-SA1 

EXCEPTIONS FROM COVERAGE 
 This policy does not insure against
loss or damage (and the Company will not pay costs, attorney’s fees or expenses) that arise by reason of the terms and conditions of the leases and easements, if any, shown in Schedule A and the following matters: 

 

	1.	The following restrictive covenants of record itemized below: 

 (the Company must either insert specific
recording data or delete this exception) 
 See Item 6 (l.) below. 
  

	2.	Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements. 

 

	3.	Homestead or community property or survivorship rights, if any, of any spouse of any Insured. 

  

	4.	Any titles or rights asserted by anyone, including but not limited to, persons, the public, corporations, governments or other entities, 

 

	 	  a.	to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or oceans, or 

 

	 	  b.	to lands beyond the line of the harbor or bulkhead lines as established or changed by any government, or 

  

	 	  c.	to filled-in lands, or artificial islands, or 

  

	 	  d.	to statutory water rights, including riparian rights, or 

  

	 	  e.	to the area extending from the line of mean low tide to the line of vegetation, or the right of access to that area or easement along and across that area. 

 

	5.	Standby fees, taxes and assessments by any taxing authority for the year 2017, and subsequent years; and subsequent taxes and assessments by any taxing authority for prior years due to change in land usage or ownership,
but not those taxes or assessments for prior years because of an exemption granted to a previous owner of the property under Section 11.13, Texas Tax Code, or because of improvements not assessed for a previous tax year. 

 

	6.	The following matters and all terms of the documents creating or offering evidence of the matters: 

  

	 	a.	This item has been intentionally deleted. 

  

	 	b.	This item has been intentionally deleted. 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 9 of 18                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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	 	  c.	 Rights of tenants in possession, as tenants only, under unrecorded leases or rental agreements as shown on the attached
rent roll attached hereto, which rights do not include any rights of first refusal or options to purchase all or any portion of the Land.. 

  

							
		 	   d.
	 	 Easement:
	  	
		 		 	 To:
	  	 Houston Lighting and Power Company, a Texas corporation

		 		 	 Recorded:
	  	 May 28, 1982 in County Clerk’s File No. H466847, of the Official Public Records, of Harris County, Texas.

		 		 	 Purpose:
	  	 Electrical distribution lines

				
		 		 	 Easement:
	  	
		 		 	 To:
	  	 Houston Lighting and Power Company, a Texas corporation

		 		 	 Recorded:
	  	 February 04, 1983 in County Clerk’s File No. H804770, of the Official Public Records, of Harris County, Texas.

		 		 	 Purpose:
	  	 Electrical distribution lines

			
		 		 	 As affected by Release of Easement recorded on February 18, 1983, in County Clerk’s File No. H822840 of the
Official Public Records of Harris County, Texas.

				
		 	   e.
	 	 Easement:
	  	
		 		 	 To:
	  	 City of Houston

		 		 	 Recorded:
	  	 August 24, 1982 in County Clerk’s File No. H586467, of the Official Public Records, of Harris County, Texas.

		 		 	 Purpose:
	  	 20’ by 10’ Water Meter Easement

			
		 	   f.
	 	 Terms, Conditions, and Stipulations in the Agreement by and between:

		 		 	 Parties:
	  	 The Prudential Insurance Company of America, a New Jersey corporation and 1800 West Loop Tower Associates, a Texas general
partnership

		 		 	 Recorded:
	  	 August 20, 1990 in County Clerk’s File No. M780636, of the Official Public records, of Harris County, Texas.

		 		 	 Type:
	  	 Boundary Line Agreement

  

	 	  g.	 The property covered herein is subject to the terms, conditions, provisions and stipulations of Ordinance #1999-262, of the City of Houston, passed March 24, 1999, and amendments, pertaining to the platting and replatting of real property and the establishment of building set back lines along major thoroughfares
within such boundaries. 

  

	 	  h.	 This item has been intentionally deleted. 

 

	 	  i.	 All leases, grants, exceptions or reservations of coal, lignite, oil, gas and other minerals, together with all rights,
privileges, and immunities relating thereto, appearing in the Public Records whether listed in Schedule B or not. There may be leases, grants, exceptions or reservations of mineral interest that are not listed. 

 

	 	  j.	 This item has been intentionally deleted. 

 

	 	  k.	 This item has been intentionally deleted. 

 

	 	  l.	 Item No. 1, Schedule B, is hereby deleted. 

 

	 	  m.	 Section 14 of the Conditions of this policy is hereby deleted. 

 

	 	  n.	 Any and all liens arising by reason of unpaid bills or claims for work performed or materials furnished in connection
with improvements placed, or to be placed, upon the subject land. 

  

					
	
Form 5025548 (3-1-17)                
	 	
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	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 However, the Company does insure the Insured against loss, if any, sustained by the Insured under this
Policy if such liens have been filed with the County Clerk of Harris County, Texas, prior to the date hereof. 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 11 of 18                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 RESTRICTIONS, ENCROACHMENTS, MINERALS ENDORSEMENT - 

OWNER’S POLICY (FORM T-19.1) 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 

File No.: NCS-762885-09-SA1 

 

	  1.	The insurance provided by this endorsement is subject to the exclusions in Section 5 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions
in the policy. 

  

	  2.	For the purposes of this endorsement only: 

	 	  a.	“Covenant’’ means a covenant, condition, limitation or restriction in a document or instrument in effect at Date of Policy. 

	 	  b.	“Improvement” means a building, structure, road, walkway, driveway, or curb, affixed to either the Land or adjoining land and that by law constitutes real property, but excluding any crops, landscaping, lawn,
shrubbery, or trees. 

	 	  c.	“Private Right” means (i) an option to purchase; (ii) a right of first refusal; or (iii) a right of prior approval of a future purchaser or occupant. 

 

	  3.	The Company insures against loss or damage sustained by the Insured by reason of: 

	 	  a.	A violation on the Land at Date of Policy of an enforceable Covenant, unless an exception in Schedule B of the policy identifies the violation; 

	 	  b.	Enforced removal of an Improvement located on the Land at Date of Policy as a result of a violation, at Date of Policy, of a building setback line shown on a plat of subdivision recorded or filed in the Public Records,
unless an exception in Schedule B of the policy identifies the violation; 

	 	  c.	A notice of a violation, recorded in the Public Records at Date of Policy, of an enforceable Covenant relating to environmental protection describing any part of the Land and referring to that Covenant, but only to the
extent of the violation of the Covenant referred to in that notice, unless an exception in Schedule B of the policy identifies the notice of the violation; or 

	 	  d.	Enforcement of a Private Right in a Covenant affecting the Title at Date of Policy based on a transfer of Title on or before Date of Policy that causes a loss of the Insured’s Title. 

 

	  4.	The Company insures against loss or damage sustained by reason of: 

	 	  a.	An encroachment of: 

	 	  i.	an Improvement located on the Land, at Date of Policy, onto adjoining land or onto that portion of the Land subject to an easement; or 

	 	  ii.	an Improvement located on adjoining land onto the Land at Date of Policy unless an exception in Schedule B of the policy identifies the encroachment otherwise insured against in Sections 4.a.i. or 4.a.ii.; or

	 	  b.	A final court order or judgment requiring the removal from any land adjoining the Land of an encroachment identified in Schedule B; or 

	 	  c.	Damage to an Improvement located on the Land, at Date of Policy that is located on or encroaches onto that portion of the Land subject to an easement excepted in Schedule B, which damage results from the exercise of the
right to maintain the easement for the purpose for which it was granted or reserved; or 

	 	  d.	Damage to an Improvement located on the Land on or after Date of Policy, resulting from the future exercise of a right to use the surface of the Land for the extraction or development of minerals or any other subsurface
substances excepted from the description of the Land or excepted in Schedule B. 

  

					
	
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	 	 Page 12 of 18        
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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	  5.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from: 

	 	  a.	any Covenant contained in an instrument creating a lease; 

	 	  b.	any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; 

	 	  c.	except as provided in Paragraph 3.c., any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances; 

	 	  d.	contamination, explosion, fire, fracturing, vibration, earthquake, or subsidence; or 

	 	  e.	negligence by a person or an Entity exercising a right to extract or develop minerals or other subsurface substances. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
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Page 13 of 18                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 MINERALS AND SURFACE DAMAGE 

ENDORSEMENT (T-19.2) 

Issued by 
 First American Title
Insurance Company 
 Herein called the Company 

Attached to Policy No.: 
 File No.: NCS-762885-09-SA1 
 Applies to
Parcel(s): 
 The Company insures the insured against loss which the insured shall sustain by reason of damage to improvements (excluding lawns shrubbery, or trees)
located on the Land on or after Date of Policy resulting from the future exercise of any right existing at Date of Policy to use the surface of the Land for the extraction or development of coal, lignite, oil, gas or other minerals excepted or
excluded on Schedule A, Item 2 or excepted in Schedule B. This endorsement does not insure against loss resulting from subsidence. 
 This endorsement is issued as
part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of
Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the
policy and of any prior endorsements. 
 Dated: 
  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
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	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 ACCESS ENDORSEMENT (T-23) 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 
 File No.: NCS-762885-09-SA1 
 Issued by
FIRST AMERICAN TITLE INSURANCE COMPANY herein called the company 
 The Company insures against loss or damage sustained by the insured if, at Date of Policy:
(i) the land does not abut and have both actual vehicular and pedestrian access to and from I.H. 610 (West Loop Fwy.) (the “Street”), or (ii) the street is not physically open. 

 
 This endorsement is made a part of the policy. Except as it expressly states, it does not
(i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous
endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

 

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 15 of 18                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 

 
 ACCESS ENDORSEMENT (T-23) 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 
 File No.: NCS-762885-09-SA1 
 Issued by
FIRST AMERICAN TITLE INSURANCE COMPANY herein called the company 
 The Company insures against loss or damage sustained by the insured if, at Date of Policy:
(i) the land does not abut and have both actual vehicular and pedestrian access to and from San Felipe Road (the “Street”), or (ii) the street is not physically open. 

 
 This endorsement is made a part of the policy. Except as it expressly states, it does not
(i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous
endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

 

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 16 of 18                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

			
	 

	  	
Important Notice
  

ISSUED BY
 First American Title Insurance
Company

  

			
	 	 
	IMPORTANT NOTICE	 	AVISO IMPORTANTE
	To obtain information or make a complaint:	 	Para obtener informacion o para someter una queja:
	 	 
	You may call First American Title Insurance Company’s	 	Usted puede llamar al numero de telefono gratis First
	toll-free telephone number for information or to make a	 	 American Title Insurance Company’s para
informacion o

	complaint at:	 	para someter una queja al:
	1-888-632-1642
	 	1-888-632-1642
	 	 
	You may also write to First American Title Insurance	 	Usted tambien puede escribir a First American Title
	Company at:	 	Insurance Company:
	 	 
	1 First American Way	 	1 First American Way
	Santa Ana, California 92707	 	Santa Ana, California 92707
	 	 
	You may contact the Texas Department of Insurance to	 	Puede comunicarse con el Departamento de Seguros de
	obtain information on companies, coverages, rights or	 	Texas para obtener informacion acerca de companias,
	complaints at:	 	coberturas, derechos o quejas al:
	 	 
	1-800-252-3439
	 	1-800-252-3439
	 	 
	You may write the Texas Department of Insurance:	 	Puede escribir al Departamento de Seguros de Texas:
	 	 
	P.O. Box 149104	 	P.O. Box 149104
	Austin, TX 78714-9104	 	Austin, TX 78714-9104
	Fax: (512) 475-1771	 	Fax: (512) 475-1771
	Web: http://www.tdi.state.tx.us	 	Web: http://www.tdi.state.tx.us
	E-mail: ConsumerProtection@tdi.state.tx.us	 	E-mail: ConsumerProtection@tdi.state.tx.us
	 	 
	PREMIUM OR CLAIM DISPUTES:	 	DISPUTAS SOBRE PRIMAS O RECLAMOS:
	Should you have a dispute concerning your premium or	 	Si tiene una disputa concerniente a su prima o a un
	about a claim you should contact First American Title	 	reclamo, debe comunicarse con el First American Title
	Insurance Company first. If the dispute is not resolved, you	 	Insurance Company primero. Si no se resuelve la disputa,
	may contact the Texas Department of Insurance.	 	puede entonces comunicarse con el departamento (TDI).
	 	 
	ATTACH THIS NOTICE TO YOUR POLICY:	 	UNA ESTE AVISO A SU POLIZA:
	This notice is for information only and does not become a	 	Este aviso es solo para proposito de informacion y no se
	 part or
condition of the attached document.
  
	 	 convierte en parte o condicion del
documento adjunto.
  

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 17 of 18                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 

 
 Privacy Information 
 We Are Committed to
Safeguarding Customer Information 
 In order to better serve your needs now and in the future, we may ask you to provide us with certain
information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to
us. Therefore, together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. 
 Applicability

 This Privacy Policy governs our use of the information that you provide to us. It does not govern the manner in which we may use information we
have obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source. 

First American calls these guidelines its Fair Information Values. 

Types of Information 
 Depending upon which of our services you
are utilizing, the types of nonpublic personal information that we may collect include: 

	 	•	 	 Information we receive from you on applications, forms and in other communications to us, whether in writing, in person,
by telephone or any other means; 

	 	•	 	 Information about your transactions with us, our affiliated companies, or others; and 

	 	•	 	 Information we receive from a consumer reporting agency. 

Use of Information 
 We request information from you for our own
legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested of
us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts
or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and
casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore, we may also provide all the information we
collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing agreements. 

Former Customers 
 Even if you are no longer our customer, our
Privacy Policy will continue to apply to you. 
 Confidentiality and Security 

We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal
information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be
handled responsibly and in accordance with this Privacy Policy and First American’s Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic
personal information. 
 Information Obtained Through Our Web Site 

First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information
about you we receive on the Internet. 
 In general, you can visit First American or its affiliates’ Web sites on the World Wide Web without
telling us who you are or revealing any information about yourself. Our Web servers collect the domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of
visits, average time spent on the site, pages viewed and similar information. First American uses this information to measure the use of our site and to develop ideas to improve the content of our site. 

There are times, however, when we may need information from you, such as your name and email address. When information is needed, we will use our best
efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific account/profile
information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above. 
 Business Relationships

 First American Financial Corporation’s site and its affiliates’ sites may contain links to other Web sites. While we try to link only
to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy practices employed by other sites. 
 Cookies

 Some of First American’s Web sites may make use of “cookie” technology to measure site activity and to customize information to
your personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the cookie on your hard drive. 

FirstAm.com uses stored cookies. The goal of this technology
is to better serve you when visiting our site, save you time when you are here and to provide you with a more meaningful and productive Web site experience. 

--------------------------------------------------------------------------------------   

Fair Information Values 
 Fairness We consider consumer
expectations about their privacy in all our businesses. We only offer products and services that assure a favorable balance between consumer benefits and consumer privacy. 

Public Record We believe that an open public record creates significant value for society, enhances consumer choice and creates consumer
opportunity. We actively support an open public record and emphasize its importance and contribution to our economy. 
 Use We believe we should
behave responsibly when we use information about a consumer in our business. We will obey the laws governing the collection, use and dissemination of data. 

Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and disseminate. Where possible, we will take
reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer
can secure the required corrections. 
 Education We endeavor to educate the users of our products and services, our employees and others in our
industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our industry to collect and use information in a
responsible manner. 
 Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of
the data we maintain. 
  

					
	
Form 50-PRIVACY (9/1/10)              
  
	 	
Page 1 of 1                     
   
	  	Privacy Information (2001-2010 First American Financial Corporation)

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 18 of 18                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

			
	 

	  	  

Owner’s Policy of Title Insurance T-1

 

	  	 ISSUED BY

 
 First American Title Insurance Company

	  

Owner’s Policy
	  	 POLICY
NUMBER

 Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy must be given to
the Company at the address shown in Section 18 of the Conditions. 
 COVERED RISKS 

SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS, FIRST AMERICAN TITLE INSURANCE
COMPANY, a Nebraska corporation (the “Company”) insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred
by the Insured by reason of: 
  

	 	1.	 Title being vested other than as stated in Schedule A. 

 

	 	2.	 Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against
loss from: 

  

	 	(a)	 A defect in the Title caused by: 

 

	 	(i)	 forgery, fraud, undue influence, duress, incompetency, incapacity or impersonation; 

 

	 	(ii)	 failure of any person or Entity to have authorized a transfer or conveyance; 

 

	 	(iii)	 a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized or delivered;

  

	 	(iv)	 failure to perform those acts necessary to create a document by electronic means authorized by law;

  

	 	(v)	 a document executed under a falsified, expired or otherwise invalid power of attorney; 

 

	 	(vi)	 a document not properly filed, recorded or indexed in the Public Records including failure to perform those acts by
electronic means authorized by law; or 

  

	 	(vii)	 a defective judicial or administrative proceeding. 

 

	 	(b)	 The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but
unpaid. 

  

	 	(c)	 Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed
by an accurate and complete land survey of the Land. The term “encroachment” includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on
adjoining land. 

  

	 	(d)	 Any statutory or constitutional mechanic’s, contractor’s, or materialman’s lien for labor or materials
having its inception on or before Date of Policy. 

  

	 	3.	 Lack of good and indefeasible Title. 

 

	 	4.	 No right of access to and from the Land. 

(Covered Risks Continued on Page 2 
  

 
  

In Witness Whereof, First American Title Insurance Company has caused its corporate name to be hereunto affixed by its authorized officers as of Date of Policy shown in
Schedule A. 
  
  

			
	 First American Title Insurance Company

 
	  	
	 /s/ Dennis J.
Gilmore                                        
      
	  	
	 Dennis J. Gilmore
	  	
	 President
  
	  	
	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	 Jeffrey S. Robinson
	  	
	 Secretary
	  	

 This jacket was created electronically and constitutes an
original document  
 (This Policy is valid only when Schedules A and B are attached) 

  

					
	
Form 5025548 (3-1-17)                
	 	Page 1 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 COVERED RISKS (Continued) 

 

	 	5.	 The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to
building and zoning) restricting, regulating, prohibiting or relating to: 

  

	 	(a)	 the occupancy, use or enjoyment of the Land; 

 

	 	(b)	 the character, dimensions or location of any improvement erected on the Land; 

 

	 	(c)	 subdivision of land; or 

  

	 	(d)	 environmental protection 

if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but
only to the extent of the violation or enforcement referred to in that notice. 
  

	 	6.	 An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of
the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 

 

	 	7.	 The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded
in the Public Records. 

  

	 	8.	 Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without
Knowledge. 

  

	 	9.	 Title being vested other than as stated in Schedule A or being defective: 

 

	 	(a)	 as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer
of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state
insolvency or similar creditors’ rights laws; or 

  

	 	(b)	 because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under
federal bankruptcy, state insolvency or similar creditors’ rights laws by reason of the failure of its recording in the Public Records: 

  

	 	(i)	 to be timely, or 

  

	 	(ii)	 to impart notice of its existence to a purchaser for value or a judgment or lien creditor. 

 

	 	10.	 Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been
created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.

 The Company will also pay the costs, attorneys’ fees and expenses incurred in defense of any matter insured against by this
Policy, but only to the extent provided in the Conditions. 
 EXCLUSIONS FROM COVERAGE 

The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys’ fees or
expenses that arise by reason of: 

 

	1.	 (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning)
restricting, regulating, prohibiting or relating to: 

  

	 	(i)	 the occupancy, use, or enjoyment of the Land; 

 

	 	(ii)	 the character, dimensions or location of any improvement erected on the Land; 

 

	 	(iii)	 subdivision of land; or 

  

	 	(iv)	 environmental protection; 

or the effect of any violation of these laws, ordinances or governmental regulations. This Exclusion 1(a) does not modify or limit the
coverage provided under Covered Risk 5. 
  

	 	(b)	 Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6.

  

	2.	 Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.

  

	3.	 Defects, liens, encumbrances, adverse claims or other matters: 

 

	 	(a)	 created, suffered, assumed or agreed to by the Insured Claimant; 

 

	 	(b)	 not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant

	 	 
and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; 

 

	 	(c)	 resulting in no loss or damage to the Insured Claimant; 

 

	 	(d)	 attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under
Covered Risk 9 and 10); or 

  

	 	(e)	 resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title.

  

	4.	 Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws,
that the transaction vesting the Title as shown in Schedule A, is: (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 

 

	5.	 Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching
between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 

  

	6.	 The refusal of any person to purchase, lease or lend money on the estate or interest covered hereby in the land
described in Schedule A because of Unmarketable Title. 

 

  

					
	
Form 5025548 (3-1-17)                
	 	Page 2 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 CONDITIONS 

 

	1.	 DEFINITION OF TERMS. 

The following terms when used in this policy mean: 

	 	(a)	 “Amount of Insurance”: the amount stated in Schedule A, as may be increased or decreased by endorsement to
this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. 

	 	(b)	 “Date of Policy”: The date designated as “Date of Policy” in Schedule A. 

	 	(c)	 “Entity”: A corporation, partnership, trust, limited liability company or other similar legal entity.

	 	(d)	 “Insured”: the Insured named in Schedule A. 

	 	(i)	 The term “Insured” also includes: 

	 	(A)	 successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees,
survivors, personal representatives or next of kin; 

	 	(B)	 successors to an Insured by dissolution, merger, consolidation, distribution or reorganization; 

	 	(C)	 successors to an Insured by its conversion to another kind of Entity; 

	 	(D)	 a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title;

	 	(1)	 If the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured,

	 	(2)	 If the grantee wholly owns the named Insured, 

	 	(3)	 If the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the
named Insured are both wholly-owned by the same person or Entity, or 

	 	(4)	 If the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named
in Schedule A for estate planning purposes. 

	 	(ii)	 With regard to (A), (B), (C) and (D) reserving, however, all rights and defenses as to any successor that the
Company would have had against any predecessor Insured. 

	 	(e)	 “Insured Claimant”: an Insured claiming loss or damage. 

	 	(f)	 “Knowledge” or “Known”: actual knowledge, not constructive knowledge or notice that may be imputed
to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. 

	 	(g)	 “Land”: the land described in Schedule A, and affixed improvements that by law constitute real property. The
term “Land” does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate or easement in abutting streets, roads, avenues, alleys, lanes, ways or waterways, but this does not
modify or limit the extent that a right of access to and from the Land is insured by this policy. 

	 	(h)	 “Mortgage”: mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by
electronic means authorized by law. 

	 	(i)	 “Public Records”: records established under state statutes at Date of Policy for the purpose of imparting
constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), “Public Records” shall also include environmental protection liens filed in the records of the clerk
of the United States District Court for the district where the Land is located. 

	 	(j)	 “Title”: the estate or interest described in Schedule A. (k) “Unmarketable Title”: Title affected by
an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease or lend if there is a contractual condition requiring the delivery of
marketable title. 

	2.	 CONTINUATION OF INSURANCE. 

The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured
retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance
of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 

	3.	 NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT. 

The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) below, or
(ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy. If the
Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company’s liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 

When, after the Date of the Policy, the Insured notifies the Company as required herein of a lien, encumbrance, adverse claim or other
defect in Title insured by this policy that is not excluded or excepted from the coverage of this policy, the Company shall promptly investigate the charge to determine whether the lien, encumbrance, adverse claim or defect or other matter is valid
and not barred by law or statute. The Company shall notify the Insured in writing, within a reasonable time, of its determination as to the validity or invalidity of the Insured’s claim or charge under the policy. If the Company concludes that
the lien, encumbrance, adverse claim or defect is not covered by this policy, or was otherwise addressed in the closing of the transaction in connection with which this policy was issued, the Company shall specifically advise the Insured of the
reasons for its determination. If the Company concludes that the lien, encumbrance, adverse claim or defect is valid, the Company shall take one of the following actions: (i) institute the necessary proceedings to clear the lien, encumbrance,
adverse claim or defect from the Title as insured; (ii) indemnify the Insured as provided in this policy; (iii) upon payment of appropriate premium and charges therefor, issue to the Insured Claimant or to a subsequent owner, mortgagee or
holder of the estate or interest in the Land insured by this policy, a policy of  

 

  

					
	
Form 5025548 (3-1-17)                
	 	Page 3 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 CONDITIONS (Continued) 

 

 title insurance without exception for the lien, encumbrance, adverse claim or defect,
said policy to be in an amount equal to the current value of the Land or, if a loan policy, the amount of the loan; (iv) indemnify another title insurance company in connection with its issuance of a policy(ies) of title insurance without
exception for the lien, encumbrance, adverse claim or defect; (v) secure a release or other document discharging the lien, encumbrance, adverse claim or defect; or (vi) undertake a combination of (i) through (v) herein. 

	4.	 PROOF OF LOSS. 

In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of
payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the
extent possible, the basis of calculating the amount of the loss or damage. 

	5.	 DEFENSE AND PROSECUTION OF ACTIONS. 

	 	(a)	 Upon written request by the Insured, and subject to the options contained in Sections 3 and 7 of these Conditions, the
Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those
stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those
stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured
against by this policy. 

	 	(b)	 The Company shall have the right, in addition to the options contained in Sections 3 and 7, at its own cost, to
institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate
action under the terms of this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this
subsection, it must do so diligently. 

	 	(c)	 Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may
pursue the litigation to a final determination by a court of competent jurisdiction and it expressly reserves the right, in its sole discretion, to appeal from any adverse judgment or order. 

	6.	 DUTY OF INSURED CLAIMANT TO COOPERATE. 

	 	(a)	 In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or
proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by
the Company, the Insured, at the Company’s expense, shall give the Company all reasonable

	 	 
aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful act that in the opinion of
the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company’s obligations to the Insured under the
policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. 

	 	(b)	 The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized
representative of the Company and to produce for examination, inspection and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including
books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if
requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect and copy all of these records in the custody or control of a
third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the
Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information or grant permission to secure reasonably necessary information from third
parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 

	7.	 OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY. 

In case of a claim under this policy, the Company shall have the following additional options: 

	 	(a)	 To Pay or Tender Payment of the Amount of Insurance. To pay or tender payment of the Amount of Insurance under this
policy together with any costs, attorneys’ fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. 

Upon the exercise by the Company of this option, all liability and obligations of the Company to the Insured under this policy, other
than to make the payment required in this subsection, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. 

	 	(b)	 To Pay or Otherwise Settle With Parties Other than the Insured or With the Insured Claimant. 

	 	(i)	 To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under
this policy. In addition, the Company will pay any costs, attorneys’ fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is 

 

  

					
	
Form 5025548 (3-1-17)                
	 	Page 4 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 CONDITIONS (Continued) 

 

         obligated to pay; or 

	 	(ii)	 to pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with
any costs, attorneys’ fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. Upon the exercise by the Company of either of the options provided
for in subsections (b)(i) or (ii), the Company’s obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend,
prosecute or continue any litigation. 

	8.	 DETERMINATION AND EXTENT OF LIABILITY. 

This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has
suffered loss or damage by reason of matters insured against by this policy. 

	 	(a)	 The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of:

	 	(i)	 the Amount of Insurance; or 

	 	(ii)	 the difference between the value of the Title as insured and the value of the Title subject to the risk insured against
by this policy. 

	 	(b)	 If the Company pursues its rights under Section 3 or 5 and is unsuccessful in establishing the Title, as insured,

	 	(i)	 the Amount of Insurance shall be increased by 10%, and 

	 	(ii)	 the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made
by the Insured Claimant or as of the date it is settled and paid. 

	 	(c)	 In addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys’
fees and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 

	9.	 LIMITATION OF LIABILITY. 

	 	(a)	 If the Company establishes the Title, or removes the alleged defect, lien or encumbrance, or cures the lack of a right
of access to or from the Land, all as insured, or takes action in accordance with Section 3 or 7, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its
obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. 

	 	(b)	 In the event of any litigation, including litigation by the Company or with the Company’s consent, the Company
shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. 

	 	(c)	 The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in
settling any claim or suit without the prior written consent of the Company. 

	10.	 REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY. 

All payments under this policy, except payments made for costs, attorneys’ fees and expenses, shall reduce the Amount of Insurance
by the amount of the payment. 

	11.	 LIABILITY NONCUMULATIVE. 

The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is
taken in Schedule B or to which the Insured has agreed, assumed, or taken subject or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured
under this policy. 

	12.	 PAYMENT OF LOSS. 

When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be
made within 30 days. 

	13.	 RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT. 

	 	(a)	 Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the
rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys’ fees and expenses
paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise or settle in the
name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. 

If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its
right to recover until after the Insured Claimant shall have recovered its loss. 

	 	(b)	 The Company’s right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of
insurance or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 

	14.	 ARBITRATION. 

Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title
Insurance Arbitration Rules of the American Land Title Association (“Rules”). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but
are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising
out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured, unless the Insured is an individual person (as
distinguished from an Entity). All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall
be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction.

 

  

							
	
Form 5025548 (3-1-17)                
	 	 Page 5 of 19
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 CONDITIONS (Continued) 

 

	15.	 LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT. 

	 	(a)	 This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract
between the Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. 

	 	(b)	 Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim, shall be
restricted to this policy. 

	 	(c)	 Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or
expressly incorporated by Schedule A of this policy. 

	 	(d)	 Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and
provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy or (iv) increase the Amount of
Insurance. 

 Each Commitment, endorsement or other form, or provision in the Schedules to this policy that refers
to a term defined in Section 1 of the Conditions shall be deemed to refer to the term regardless of whether the term is capitalized in the Commitment, endorsement or other form, or Schedule. Each Commitment, endorsement or other form, or
provision in the Schedules that refers to the Conditions and Stipulations shall be deemed to refer to the Conditions of this policy.

	16.	 SEVERABILITY. 

In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall
be deemed not to include that provision or such part held to be invalid and all other provisions shall remain in full force and effect. 

	17.	 CHOICE OF LAW; FORUM. 

	 	(a)	 Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the
premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies or enforcement of policies of title insurance of the jurisdiction where the Land is located.

 Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to
determine the validity of claims against the Title that are adverse to the Insured, and in interpreting and enforcing the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of laws principles to determine the
applicable law. 

	 	(b)	 Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a
state or federal court within the United States of America or its territories having appropriate jurisdiction. 

	18.	 NOTICES, WHERE SENT. 

Any notice of claim and any other notice or statement in writing required to be given to the Company under this Policy must be given to
the Company at First American Title Insurance Company, Attn: Claims National Intake Center, 1 First American Way, Santa Ana, California 92707. Phone: 888-632-1642.
 

 

  
 

 
  

			
	 

	  	  

Owner Policy of Title Insurance (T-1)
  

	  	 ISSUED BY

First American Title Insurance Company

	  

Schedule A
  
	  	 POLICY NUMBER

  

					
	
Form 5025548 (3-1-17)                
	 	Page 6 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 Name and Address of Title Insurance Company: 

First American Title Insurance Company, 1 First American Way, Santa Ana, CA 92707. 

File No.: NCS-762885-10-SA1 
 Date of Policy: Date
of Recording at Time of Recording 
 Address for Reference only: 6566-6575 West Loop South, Bellaire 

Amount of Insurance:
$46,300,000                            Premium: $TBD 

 

	  1.	 Name of Insured: 

Keppel-KBS West Loop I and II, Inc., a Delaware corporation 
  

	  2.	 The estate or interest in the Land that is insured by this policy is: Fee Simple 

 

	  3.	 Title is insured as vested in: 

Keppel-KBS West Loop I and II, Inc., a Delaware corporation 
  

	  4.	 The land referred to in this policy is described as follows: 

 

	 	TRACT	 I: 

DESCRIPTION OF A 3.883 ACRES (169,124 SQUARE FEET) TRACT OF LAND CONVEYED FROM FRM WEST LOOP ASSOCIATES #1, LTD. TO PROPERTY TEXAS SC ONE CORPORATION BY
DEED DATED DECEMBER 2, 1997, RECORDED IN HARRIS COUNTY CLERK’S FILE NO. S757408, BEING A PORTION OF LOT 38, BLOCK 4, OF WESTMORELAND FARMS AMENDED FIRST SUBDIVISION, AS RECORDED IN VOLUME 3, PAGES 60 AND 61 OF THE MAP RECORDS OF HARRIS COUNTY,
TEXAS, SAID 3.883 ACRES OF LAND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS (WITH BEARINGS REFERENCED TO HARRIS COUNTY CLERK’S FILE NO. S757408): 

COMMENCING AT A 5/8-INCH IRON ROD FOUND IN THE EAST RIGHT-OF-WAY LINE OF SOUTH POST OAK ROAD (WEST LOOP SOUTH) (LOOP 610) (VARIABLE WIDTH) AND THE NORTH
RIGHT-OF-WAY LINE OF LOCUST STREET (55 FOOT WIDTH), AS ABANDONED BY THE CITY OF BELLAIRE BY ORDINANCE NO. 79-028, DATED MAY 29, 1979, SAID POINT BEING LOCATED SOUTH 06° 51’ 16” EAST, 110.34 FEET FROM THE SOUTHWEST CORNER OF SAID LOT 38
AND THE NORTHWEST CORNER OF SAID LOT 37; 
 THENCE, NORTH 06° 51’ 16” WEST, ALONG THE EAST RIGHT-OF-WAY LINE OF SAID SOUTH POST OAK
ROAD, A DISTANCE OF 110.34 FEET TO A 5/8-INCH IRON ROD WITH CAP SET FOR THE SOUTHWEST CORNER OF SAID LOT 38 AND THE NORTHWEST CORNER OF SAID LOT 37; 

THENCE, NORTH 02° 20’ 53” WEST, ALONG THE EAST RIGHT-OF-WAY LINE OF SAID SOUTH POST OAK ROAD, A DISTANCE OF 25.00 FEET TO 5/8-INCH IRON
ROD WITH CAP SET FOR THE POINT OF BEGINNING AND THE SOUTHWEST CORNER OF THE HEREIN DESCRIBED TRACT, FROM WHICH A FOUND 1⁄2-INCH IRON ROD WITH CAP BEARS NORTH 31° 15’ EAST, 0.55 FOOT: 

THENCE, NORTH 02° 20’ 53” WEST, ALONG THE EAST RIGHT-OF-WAY LINE OF SAID SOUTH POST OAK ROAD, A DISTANCE OF 305.00 FEET TO A 5/8-INCH IRON
ROD WITH CAP SET FOR THE NORTHWEST CORNER OF SAID LOT 38 AND THE NORTHWEST CORNER OF THE HEREIN DESCRIBED TRACT, FROM WHICH A FOUND 1⁄2-INCH IRON ROD WITH CAP BEARS NORTH 48° 08’ EAST, 1.09 FEET; 

THENCE, NORTH 87° 40’ 01” EAST, ALONG THE NORTH LINE OF SAID LOT 38, A DISTANCE OF 554.79 FEET TO A 1⁄2-INCH IRON ROD FOUND FOR THE
NORTHEAST CORNER OF THE HEREIN DESCRIBED 

  

					
	
Form 5025548 (3-1-17)                
	 	Page 7 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 TRACT, SAID POINT BEING LOCATED SOUTH 87° 40’ 55” WEST, 66.00 FEET FROM THE NORTHEAST
CORNER OF SAID LOT 38, FROM WHICH A  1⁄2-INCH IRON ROD BEARS SOUTH 46° 30’ EAST, 0.41 FOOT; 

THENCE, SOUTH 02° 14’ 27” EAST, 66.00 FEET WEST OF AND PARALLEL TO THE EAST LINE OF SAID LOT 38, A DISTANCE OF 305.00 FEET TO A CUT
“X” IN CONCRETE FOUND FOR THE SOUTHEAST CORNER OF THE HEREIN DESCRIBED TRACT, SAID POINT BEING LOCATED SOUTH 87° 40’ 00” WEST, 66.00 FEET AND NORTH 02° 14’ 27” WEST, 25.00 FEET FROM THE SOUTHEAST CORNER OF SAID
LOT 38, FROM WHICH A FOUND PK NAIL BEARS SOUTH 35° 19’ 55” WEST, 0.51 FOOT; 
 THENCE, SOUTH 87° 40’ 00” WEST, 25.00 FEET
NORTH OF AND PARALLEL TO THE SOUTH LINE OF SAID LOT 38 AND THE NORTH LINE OF SAID LOT 37, A DISTANCE OF 554.22 FEET TO THE POINT OF BEGINNING AND CONTAINING A COMPUTED AREA OF 3.883 ACRES (169,124 SQUARE FEET) OF LAND. 

TRACT II: 
 DESCRIPTION OF A 1.706 ACRES (74,326
SQUARE FEET) TRACT OF LAND CONVEYED FROM FRM LOOP WEST ASSOCIATES #2, LTD., TO PROPERTY TEXAS SC ONE CORPORATION, BY DEED DATED DECEMBER 2, 1997, RECORDED UNDER HARRIS COUNTY CLERK’S FILE NO. S757409, BEING PART OF LOTS 37 AND 38, BLOCK 4,
OF WESTMORELAND FARMS AMENDED FIRST SUBDIVISION, AS RECORDED IN VOLUME 3, PAGES 60 AND 61 OF THE MAP RECORDS OF HARRIS COUNTY, TEXAS, SAID 1.706 ACRES OF LAND BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS (WITH BEARINGS REFERENCED
TO HARRIS COUNTY CLERK’S FILE NO. S757409): 
 BEGINNING AT A 5/8-INCH IRON ROD FOUND IN THE EAST RIGHT-OF-WAY LINE OF SOUTH POST OAK ROAD (WEST LOOP SOUTH) (LOOP 610) (VARIABLE WIDTH) AND THE NORTH
RIGHT-OF-WAY LINE OF LOCUST STREET (55 FOOT WIDTH), AS ABANDONED BY THE CITY OF BELLAIRE BY ORDINANCE NO. 79-028, DATED
MAY 29, 1979, SAID POINT BEING LOCATED SOUTH 06° 51’ 16” EAST, 110.34 FEET FROM THE SOUTHWEST CORNER OF SAID LOT 38 AND THE NORTHWEST CORNER OF SAID LOT 37, SAME POINT BEING THE SOUTHWEST CORNER OF THE HEREIN DESCRIBED TRACT; 

THENCE NORTH 06°51’16” WEST, ALONG THE EAST RIGHT-OF-WAY
LINE OF SOUTH POST OAK ROAD, A DISTANCE OF 110.34 FEET TO A 5/8-INCH IRON ROD WITH CAP SET FOR THE SOUTHWEST CORNER OF LOT 38 AND THE NORTHWEST CORNER OF SAID LOT 37; 

THENCE, NORTH 02° 20’ 53” WEST, ALONG THE EAST
RIGHT-OF-WAY LINE OF SAID SOUTH POST OAK ROAD, A DISTANCE OF 25.00 FEET TO A 5/8-INCH IRON ROD WITH CAP SET FOR THE NORTHWEST
CORNER OF THE HEREIN DESCRIBED TRACT, FROM WHICH A FOUND  1⁄2-INCH IRON ROD WITH CAP BEARS NORTH 31° 15’ EAST, 0.55 FOOT; 

THENCE, NORTH 87° 40’ 00” EAST, 25.00 FEET NORTH OF AND PARALLEL TO THE SOUTH LINE OF SAID LOT 38 AND THE NORTH LINE OF SAID LOT 37, A
DISTANCE OF 554.22 FEET TO A CUT “X” IN CONCRETE FOUND FOR THE NORTHEAST CORNER OF THE HEREIN DESCRIBED TRACT, SAID POINT BEING LOCATED SOUTH 87° 40’ 00” WEST, 66.00 FEET AND NORTH 02° 14’ 27” WEST, 25.00 FEET
FROM THE SOUTHEAST CORNER OF SAID LOT 38, FROM WHICH A FOUND PK NAIL BEARS SOUTH 35° 19’ 55” WEST, 0.51 FOOT; 
 THENCE, SOUTH 02°
14’ 27” EAST, 66.00 FEET WEST OF AND PARALLEL TO THE EAST LINE OF SAID LOT 37, A DISTANCE OF 135.00 FEET TO A 5/8-INCH IRON ROD FOUND FOR THE SOUTHEAST CORNER OF THE HEREIN DESCRIBED TRACT, SAID
POINT BEING IN THE NORTH RIGHT-OF-WAY LINE OF SAID LOCUST STREET; 

THENCE, SOUTH 87° 40’ 00” WEST, ALONG THE NORTH
RIGHT-OF-WAY LINE OF SAID LOCUST STREET, A DISTANCE OF 545.30 FEET TO THE POINT OF BEGINNING AND CONTAINING A COMPUTED AREA OF 1.706 ACRES (74,326 SQUARE FEET) OF LAND.

 Note: The Company is prohibited from insuring the area or quantity of the land described herein. Any statement in the above legal description of
the area or quantity of land is not a representation that such area or quantity is correct, but is made only for informational and/or identification purposes and does not override Item 2 of Schedule B hereof. 

  

					
	
Form 5025548 (3-1-17)                
	 	Page 8 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

			
	 

  
	  	  

Owner Policy of Title Insurance (T-1)
  

	  	 ISSUED BY

 
 First American Title Insurance Company

	  

Schedule B
	  	  

POLICY NUMBER

 File No.
NCS-762885-10-SA1 

EXCEPTIONS FROM COVERAGE 
 This policy does
not insure against loss or damage (and the Company will not pay costs, attorney’s fees or expenses) that arise by reason of the terms and conditions of the leases and easements, if any, shown in Schedule A and the following matters: 

 

	1.	 The following restrictive covenants of record itemized below: 

See Item 6 (k) below. 
  

	2.	 Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or
protrusions, or any overlapping of improvements. 

  

	3.	 Homestead or community property or survivorship rights, if any, of any spouse of any Insured. 

 

	4.	 Any titles or rights asserted by anyone, including but not limited to, persons, the public, corporations, governments or
other entities, 

  

	 	a.	 to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or
oceans, or 

  

	 	b.	 to lands beyond the line of the harbor or bulkhead lines as established or changed by any government, or

  

	 	c.	 to filled-in lands, or artificial islands, or 

 

	 	d.	 to statutory water rights, including riparian rights, or 

 

	 	e.	 to the area extending from the line of mean low tide to the line of vegetation, or the right of access to that area or
easement along and across that area. 

  

	5.	 Standby fees, taxes and assessments by any taxing authority for the year 2017, and subsequent years; and subsequent
taxes and assessments by any taxing authority for prior years due to change in land usage or ownership, but not those taxes or assessments for prior years because of an exemption granted to a previous owner of the property under Section 11.13,
Texas Tax Code, or because of improvements not assessed for a previous tax year. 

  

	6.	 The following matters and all terms of the documents creating or offering evidence of the matters:

  

	 	a.	 Rights of tenants in possession, as tenants only, under unrecorded leases or rental agreements as shown on the attached
rent roll attached hereto, which rights do not include any rights of first refusal or options to purchase all or any portion of the Land. 

  

	 	b.	 This item has been intentionally deleted. 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 9 of 19                     
   
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

							
		 	  c.
	  	 Easement:
	  	
		 		  	 To:
	  	 Houston Lighting and Power Company

		 		  	 Recorded:
	  	 June 23, 1978 in County Clerk’s File No. F652630, of the Official Public

		 		  		  	 Records, of Harris County, Texas.

		 		  	 Purpose:
	  	 Right of Way for distribution lines

				
		 		  	 (Affects Tract I)
	  	
				
		 	  d.    
	  	 Easement:
	  	
		 		  	 To:
	  	 Houston Lighting and Power Company

		 		  	 Recorded:
	  	 October 30, 1980 in County Clerk’s File No. G736456, of the Official Public

		 		  		  	 Records of Harris County, Texas. Affected by that Consent to Encroachment

		 		  		  	 as set forth in instrument filed for record January 19, 1981 under County

		 		  		  	 Clerk’s File No. G832552, of the Official Public Records, of Harris County,

		 		  		  	 Texas.

		 		  	 Purpose:
	  	 Electric distribution facilities

			
		 		  	 (Affects Tract I and II)

				
		 	  e.
	  	 Easement:
	  	
		 		  	 To:
	  	 Houston Lighting and Power Company

		 		  	 Recorded:
	  	 July 01, 1983 in County Clerk’s File No. P311779, of the Official Public

		 		  		  	 Records, of Harris County, Texas.

		 		  	 Purpose:
	  	 Electric distribution facilities

				
		 		  	 (Affects Tract I)
	  	
				
		 	  f.
	  	 Easement:
	  	
		 		  	 To:
	  	 City of Bellaire

		 		  	 Recorded:
	  	 January 27, 1981 in County Clerk’s File No. G844189, of the Official Public

		 		  		  	 Records, of Harris County, Texas.

		 		  	 Purpose:
	  	 Water main easement ten (10) feet in width

			
		 		  	 (Affects Tract I and II)

			
		 	  g.
	  	 Terms, conditions and stipulations contained in Agreement:

		 		  	 Recorded:
	  	 August 26, 1994 in County Clerk’s File No. R027686, Official Public Records,

		 		  		  	 Harris County, Texas.

		 		  	 Type:
	  	 Cable Television Service Agreement

			
		 		  	 (Affects Tract I and II)

  

	 	h.	All leases, grants, exceptions or reservations of coal, lignite, oil, gas and other minerals, together with all rights, privileges, and immunities relating thereto, appearing in the Public Records whether listed in
Schedule B or not. There may be leases, grants, exceptions or reservations of mineral interest that are not listed. 

  

	 	i.	 This item has been intentionally deleted. 

 

	 	j.	 This item has been intentionally deleted. 

 

	 	k.	 Item No. 1, Schedule B, is hereby deleted. 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 10 of 19                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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	 	l.	 Section 14 of the conditions of this policy are herein deleted. 

 

	 	m.	Any and all liens arising by reason of unpaid bills or claims for work performed or materials furnished in connection with improvements placed, or to be placed, upon the subject land. However, the Company does insure
the Insured against loss, if any, sustained by the Insured under this Policy if such liens have been filed with the County Clerk of Harris County, Texas, prior to the date hereof. 

  

					
	
Form 5025548 (3-1-17)                
	 	
Page 11 of 19                    
    
	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 

 
 RESTRICTIONS, ENCROACHMENTS, MINERALS ENDORSEMENT - 

OWNER’S POLICY (FORM T-19.1) 

Issued by 
 First American Title Insurance
Company 
 Attached to Policy No.: 
 File
No.: NCS-762885-10-SA1 
  

	 	1.	The insurance provided by this endorsement is subject to the exclusions in Section 5 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions
in the policy. 

  

	 	2.	For the purposes of this endorsement only: 

	 	a.	“Covenant’’ means a covenant, condition, limitation or restriction in a document or instrument in effect at Date of Policy. 

	 	b.	“Improvement” means a building, structure, road, walkway, driveway, or curb, affixed to either the Land or adjoining land and that by law constitutes real property, but excluding any crops, landscaping, lawn,
shrubbery, or trees. 

	 	c.	“Private Right” means (i) an option to purchase; (ii) a right of first refusal; or (iii) a right of prior approval of a future purchaser or occupant. 

 

	 	3.	The Company insures against loss or damage sustained by the Insured by reason of: 

	 	a.	A violation on the Land at Date of Policy of an enforceable Covenant, unless an exception in Schedule B of the policy identifies the violation; 

	 	b.	Enforced removal of an Improvement located on the Land at Date of Policy as a result of a violation, at Date of Policy, of a building setback line shown on a plat of subdivision recorded or filed in the Public Records,
unless an exception in Schedule B of the policy identifies the violation; 

	 	c.	A notice of a violation, recorded in the Public Records at Date of Policy, of an enforceable Covenant relating to environmental protection describing any part of the Land and referring to that Covenant, but only to the
extent of the violation of the Covenant referred to in that notice, unless an exception in Schedule B of the policy identifies the notice of the violation; or 

	 	d.	Enforcement of a Private Right in a Covenant affecting the Title at Date of Policy based on a transfer of Title on or before Date of Policy that causes a loss of the Insured’s Title. 

 

	 	4.	The Company insures against loss or damage sustained by reason of: 

	 	a.	An encroachment of: 

	 	i.	an Improvement located on the Land, at Date of Policy, onto adjoining land or onto that portion of the Land subject to an easement; or 

	 	ii.	an Improvement located on adjoining land onto the Land at Date of Policy unless an exception in Schedule B of the policy identifies the encroachment otherwise insured against in Sections 4.a.i. or 4.a.ii.; or

	 	b.	A final court order or judgment requiring the removal from any land adjoining the Land of an encroachment identified in Schedule B; or 

	 	c.	Damage to an Improvement located on the Land, at Date of Policy that is located on or encroaches onto that portion of the Land subject to an easement excepted in Schedule B, which damage results from the exercise of the
right to maintain the easement for the purpose for which it was granted or reserved; or 

	 	d.	 Damage to an Improvement located on the Land on or after Date of Policy, resulting from the future exercise of a right
to use the surface of the Land for the extraction or development of minerals or any other subsurface substances excepted from the description of the Land or excepted in Schedule B. 

  

					
	
Form 5025548 (3-1-17)                
	 	Page 12 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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	 	5.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from: 

	 	a.	any Covenant contained in an instrument creating a lease; 

	 	b.	any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; 

	 	c.	except as provided in Paragraph 3.c., any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances; 

	 	d.	contamination, explosion, fire, fracturing, vibration, earthquake, or subsidence; or 

	 	e.	negligence by a person or an Entity exercising a right to extract or develop minerals or other subsurface substances. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
Form 5025548 (3-1-17)                
	 	Page 13 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 MINERALS AND SURFACE DAMAGE 

ENDORSEMENT (T-19.2) 

Issued by 
 First American Title
Insurance Company 
 Herein called the Company 

Attached to Policy No.: 
 File No.:
NCS-762885-10-SA1 
 Applies to Parcel(s):

 The Company insures the insured against loss which the insured shall sustain by reason of damage to improvements (excluding lawns shrubbery, or trees) located on
the Land on or after Date of Policy resulting from the future exercise of any right existing at Date of Policy to use the surface of the Land for the extraction or development of coal, lignite, oil, gas or other minerals excepted or excluded on
Schedule A, Item 2 or excepted in Schedule B. This endorsement does not insure against loss resulting from subsidence. 
 This endorsement is issued as part of the
policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the
extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any
prior endorsements. 
 Dated: 
  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
Form 5025548 (3-1-17)                
	 	Page 14 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 CONTIGUITY ENDORSEMENT (T-25) 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 

File No.: NCS-762885-10-SA1 

Issued by First American Title Insurance Company HEREIN CALLED THE COMPANY 
 The
Company hereby insures against loss or damage sustained by the insured by reason of: 
  

	(1)	the failure [of the Southerly boundary line of Tract I of the land to be contiguous to the Northerly boundary line of Tract II 

  

	 	;or	

  

	(2)	the presence of any gaps, strips or gores separating any of the contiguous boundary lines described above. 

 This
endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or
(iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of
the terms and provisions of the policy and of any prior endorsements. 
  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
Form 5025548 (3-1-17)                
	 	Page 15 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 ACCESS ENDORSEMENT (T-23) 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 

File No.: NCS-762885-10-SA1 

Issued by FIRST AMERICAN TITLE INSURANCE COMPANY herein called the company 

The Company insures against loss or damage sustained by the insured if, at Date of Policy: (i) the land does not abut and have both actual vehicular and pedestrian
access to and from West Loop South (the “Street”), or (ii) the street is not physically open. 
 This endorsement is made a part of the policy. Except
as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a
provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior
endorsements. 
  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
Form 5025548 (3-1-17)                
	 	Page 16 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
 Texas

 

			
	 

	  	

			
	 

	  	

  

 

 
 ACCESS ENDORSEMENT (T-23) 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 

File No.: NCS-762885-10-SA1 

Issued by FIRST AMERICAN TITLE INSURANCE COMPANY herein called the company 

The Company insures against loss or damage sustained by the insured if, at Date of Policy: (i) the land does not abut and have both actual vehicular and pedestrian
access to and from Locust Street (the “Street”), or (ii) the street is not physically open. 
 This endorsement is made a part of the policy. Except as
it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision
of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.

  

					
	 

	  	 First American Title Insurance Company

 
	  	
	  	 /s/ Dennis J.
Gilmore                                        
      
	  	
	  	 Dennis J. Gilmore
	  	
	  	 President
  
	  	
	  	 /s/ Jeffrey S.
Robinson                                        
    
	  	
	  	 Jeffrey S. Robinson
	  	
	  	 Secretary
	  	

  

					
	
Form 5025548 (3-1-17)                
	 	Page 17 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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	  	 Important Notice

ISSUED BY
 First American Title Insurance
Company

  

			
	 	 
	IMPORTANT NOTICE	  	AVISO IMPORTANTE
	To obtain information or make a complaint:	  	Para obtener informacion o para someter una queja:
	You may call First American Title Insurance Company’s	  	  

Usted puede llamar al numero de telefono gratis First

	toll-free telephone number for information or to make a	  	American Title Insurance Company’s para informacion o
	complaint at:	  	para someter una queja al:
	1-888-632-1642
	  	1-888-632-1642

	You may also write to First American Title Insurance	  	  

Usted tambien puede escribir a First American Title

	Company at:	  	Insurance Company:
	1 First American Way	  	  

1 First American Way

	Santa Ana, California 92707	  	Santa Ana, California 92707
	You may contact the Texas Department of Insurance to	  	  

Puede comunicarse con el Departamento de Seguros de

	obtain information on companies, coverages, rights or	  	Texas para obtener informacion acerca de companias,
	complaints at:	  	coberturas, derechos o quejas al:
	1-800-252-3439
	  	  

1-800-252-3439

	You may write the Texas Department of Insurance:	  	  

Puede escribir al Departamento de Seguros de Texas:

	P.O. Box 149104	  	  

P.O. Box 149104

	Austin, TX 78714-9104	  	Austin, TX 78714-9104
	Fax: (512) 475-1771	  	Fax: (512) 475-1771
	Web: http://www.tdi.state.tx.us	  	Web: http://www.tdi.state.tx.us
	E-mail: ConsumerProtection@tdi.state.tx.us	  	E-mail: ConsumerProtection@tdi.state.tx.us
	PREMIUM OR CLAIM DISPUTES:	  	  

DISPUTAS SOBRE PRIMAS O RECLAMOS:

	Should you have a dispute concerning your premium or about a claim you should contact First American Title Insurance Company first. If the dispute is not
resolved, you may contact the Texas Department of Insurance.	  	Si tiene una disputa concerniente a su prima o a un reclamo, debe comunicarse con el First American Title Insurance Company primero. Si no se resuelve la
disputa, puede entonces comunicarse con el departamento (TDI).
	ATTACH THIS NOTICE TO YOUR POLICY:	  	  

UNA ESTE AVISO A SU POLIZA:

	This notice is for information only and does not become a	  	Este aviso es solo para proposito de informacion y no se
	 part or condition of the attached
document.
  
	  	 convierte en parte o condicion del
documento adjunto.
  

  

					
	
Form 5025548 (3-1-17)                
	 	Page 18 of 19                        	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 Privacy Information 
 We Are Committed to
Safeguarding Customer Information 
 In order to better serve your needs now and in the future, we may ask you to provide us with certain
information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to
us. Therefore, together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. 
 Applicability

 This Privacy Policy governs our use of the information that you provide to us. It does not govern the manner in which we may use information we
have obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source. First
American calls these guidelines its Fair Information Values. 
 Types of Information 

Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include: 

	 	●	 	 Information we receive from you on applications, forms and in other communications to us, whether in writing, in person,
by telephone or any other means; 

	 	●	 	 Information about your transactions with us, our affiliated companies, or others; and 

	 	●	 	 Information we receive from a consumer reporting agency. 

Use of Information 
 We request information from you for our own
legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested of
us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts
or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and
casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore, we may also provide all the information we
collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing agreements. 

Former Customers 
 Even if you are no longer our customer, our
Privacy Policy will continue to apply to you. 
 Confidentiality and Security 

We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal
information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be
handled responsibly and in accordance with this Privacy Policy and First American’s Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic
personal information. 
 Information Obtained Through Our Web Site 

First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information
about you we receive on the Internet. 
 In general, you can visit First American or its affiliates’ Web sites on the World Wide Web without
telling us who you are or revealing any information about yourself. Our Web servers collect the domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of
visits, average time spent on the site, pages viewed and similar information. First American uses this information to measure the use of our site and to develop ideas to improve the content of our site. 

There are times, however, when we may need information from you, such as your name and email address. When information is needed, we will use our best
efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific account/profile
information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above. 
 Business Relationships

 First American Financial Corporation’s site and its affiliates’ sites may contain links to other Web sites. While we try to link only
to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy practices employed by other sites. 
 Cookies

 Some of First American’s Web sites may make use of “cookie” technology to measure site activity and to customize information to
your personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the cookie on your hard drive. 
 FirstAm.com uses stored cookies. The goal of this technology is to better serve you when visiting our site, save you time when you are here and to provide you
with a more meaningful and productive Web site experience. 

————————————————————————————————————————  
 
 Fair Information Values 
 Fairness We consider consumer expectations
about their privacy in all our businesses. We only offer products and services that assure a favorable balance between consumer benefits and consumer privacy. 

Public Record We believe that an open public record creates significant value for society, enhances consumer choice and creates consumer opportunity. We actively
support an open public record and emphasize its importance and contribution to our economy. 
 Use We believe we should behave responsibly when we use
information about a consumer in our business. We will obey the laws governing the collection, use and dissemination of data. 
 Accuracy We will take reasonable
steps to help assure the accuracy of the data we collect, use and disseminate. Where possible, we will take reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take
all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer can secure the required corrections. 
 Education
We endeavor to educate the users of our products and services, our employees and others in our industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use
of data. We will encourage others in our industry to collect and use information in a responsible manner. 
 Security We will maintain appropriate facilities and
systems to protect against unauthorized access to and corruption of the data we maintain. 
  

					
	 Form 50-PRIVACY (9/1/10)
	  	Page 1 of 1	  	Privacy Information (2001-2010 First American Financial Corporation)

  

					
	
Form 5025548 (3-1-17)                
	 	Page 19 of 19                	  	 TX T-1 Owner’s Policy of Title Insurance (Rev. 1-3-14)

 
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 Policy No.  

OWNER’S POLICY OF TITLE INSURANCE 
 ISSUED BY

 First American Title Insurance Company 
 Any
notice of claim and any other notice or statement in writing required to be given to the Company under this Policy must be given to the Company at the address shown in Section 18 of the Conditions. 

COVERED RISKS 
 SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE
EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B, AND THE CONDITIONS, FIRST AMERICAN TITLE INSURANCE COMPANY, a Nebraska corporation (the “Company”) insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after
Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: 

 

	1.	Title being vested other than as stated in Schedule A. 

	2.	Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from 

	 	(a)	A defect in the Title caused by 

	 	(i)	forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; 

	 	(ii)	failure of any person or Entity to have authorized a transfer or conveyance; 

	 	(iii)	a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered; 

	 	(iv)	failure to perform those acts necessary to create a document by electronic means authorized by law; 

	 	(v)	a document executed under a falsified, expired, or otherwise invalid power of attorney; 

	 	(vi)	a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or 

	 	(vii)	a defective judicial or administrative proceeding. 

	 	(b)	The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. 

	 	(c)	Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term “encroachment” includes
encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land. 

	3.	Unmarketable Title. 

	4.	No right of access to and from the Land. 

	5.	The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to; 

	 	(a)	the occupancy, use, or enjoyment of the Land; 

	 	(b)	the character, dimensions, or location of any improvement erected on the Land; 

	 	(c)	the subdivision of land; or 

	 	(d)	environmental protection 

 if a notice, describing any part of the Land, is recorded in
the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement referred to in that notice.

	6.	An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but
only to the extent of the enforcement referred to in that notice. 

	7.	The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. 

	8.	Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 

	9.	Title being vested other than as stated in Schedule A or being defective 

	 	(a)	as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the title to or any interest in the Land occurring prior to the transaction
vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency, or similar creditors’ rights laws; or 

	 	(b)	because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state insolvency, or similar creditors’ rights laws by reason of the failure of
its recording in the Public Records 

	 	(i)	to be timely, or 

	 	(ii)	to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 

	10.	Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy
and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 

The Company will also pay the costs, attorneys’ fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the
extent provided in the Conditions. 

 

  

			
		 	First American Title Insurance Company
		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

 Fatic-526-A 
 ALTA Owner’s Policy (06/17/06) 

  
  

			
	 

	  	

			
	 

	  	

  

			
	  
 Form No. 1402.06
	  	Policy Page 2
	 ALTA Owner’s Policy (6-17-06)
	  	Policy Number:

 EXCLUSIONS FROM COVERAGE 

 

 The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or damage,
costs, attorneys’ fees, or expenses that arise by reason of: 
  

	1.	 (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting,
regulating, prohibiting, or relating to 

	 	(i)	 the occupancy, use, or enjoyment of the Land; 

	 	(ii)	 the character, dimensions, or location of any improvement erected on the Land; 

	 	(iii)	 the subdivision of land; or 

	 	(iv)	 environmental protection; 

or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit
the coverage provided under Covered Risk 5. 

	 	(b)	 Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6.

	2.	 Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.

	3.	 Defects, liens, encumbrances, adverse claims, or other matters

	 	(a)	 created, suffered, assumed, or agreed to by the Insured Claimant; 

	 	(b)	 not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not
disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; 

	 	(c)	 resulting in no loss or damage to the Insured Claimant; 

	 	(d)	 attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under
Covered Risk 9 and 10); or 

	 	(e)	 resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title.

	4.	 Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws,
that the transaction vesting the Title as shown in Schedule A, is 

	 	(a)	 a fraudulent conveyance or fraudulent transfer; or 

	 	(b)	 a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 

	5.	 Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching
between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.

 

  
 CONDITIONS 

 

	1.	 DEFINITIONS OF TERMS. 

The following terms when used in this policy mean: 

(a) “Amount of Insurance”: The amount stated in Schedule A, as may be increased or decreased by endorsement to this policy,
increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. 
 (b) “Date of Policy”: The date
designated as “Date of Policy” in Schedule A. 
 (c) “Entity”: A corporation, partnership, trust, limited
liability company, or other similar legal entity. 
 (d) “Insured”: The Insured named in Schedule A. 

(i) The term “Insured” also includes 

(A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors,
personal representatives, or next of kin; 
 (B) successors to an Insured by dissolution, merger, consolidation, distribution, or
reorganization; 
 (C) successors to an Insured by its conversion to another kind of Entity; 

(D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title 

(1) if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured, 

(2) if the grantee wholly owns the named Insured, 

(3) if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured
are both wholly-owned by the same person or Entity, or 
 (4) if the grantee is a trustee or beneficiary of a trust created by a
written instrument established by the Insured named in Schedule A for estate planning purposes. 
 (ii) With regard to (A), (B), (C),
and (D) reserving, however, all rights and defenses as to any successor that the Company would have had against any predecessor Insured. 

(e) “Insured Claimant”: An Insured claiming loss or damage. 

(f) “Knowledge” or “Known”: Actual knowledge, not constructive knowledge or notice that may be imputed to an Insured
by reason of the Public Records or any other records that impart constructive notice of maters affecting the Title. 
 (g)
“Land”: The land described in Schedule A, and affixed improvements that by law constitute real property. The term “Land” does not include any property beyond the lines of the area described in Schedule A, nor any right, title,
interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is insured by this policy. 

(h) “Mortgage”: Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by electronic means
authorized by law. 
 (i) “Public Records”: Records established under state statutes at Date of Policy for the purpose of
imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d),

 under the terms of this policy, whether or not it shall be liable to the Insured. The exercise of these
rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this subsection, it must do so diligently. 

(c) Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may pursue the
litigation to a final determination by a court of competent jurisdiction, and it expressly reserves the right, in its sole discretion, to appeal any adverse judgment or order. 

6. DUTY OF INSURED CLAIMANT TO COOPERATE. 

(a) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding
and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by the
Company, the Insured, at the Company’s expense, shall give the Company all reasonable aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful
act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company’s
obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. 

(b) The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the
Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including books, ledgers, checks,
memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if requested by any authorized representative of the Company, the
Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or damage.
All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the
claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from third parties as required in this subsection, unless
prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 
  

	7.	 OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY. 

In case of a claim under this policy, the Company shall have the following additional options:

 (b) In the event of any litigation, including litigation by the Company or with the
Company’s consent, the Company shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. 

(c) The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in settling any
claim or suit without the prior written consent of the Company. 
  

	10.	 REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY. 

All payments under this policy, except payments made for costs, attorneys’ fees, and expenses, shall reduce the Amount of Insurance
by the amount of the payment. 
 11. LIABILITY NONCUMULATIVE. 

The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken
in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured under
this policy. 
 12. PAYMENT OF LOSS. 

When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be
made within 30 days. 

	13.	 RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT. 

(a) Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the rights of the
Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys’ fees, and expenses paid by the
Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the name of the
Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. 
 If a payment on
account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its right to recover until after the Insured Claimant shall have recovered its loss. 

(b) The Company’s right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of insurance,
or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 
 14. ARBITRATION. (Does not
apply in Georgia or Kentucky) 
 Unless prohibited by applicable law, either the Company or the Insured may demand that the claim or
controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association (“Rules”). Except as provided in the Rules, there shall be no joinder or consolidation with

 

  
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Company 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
	  	Policy Page 3
	 ALTA Owner’s Policy (6-17-06)
	  	Policy Number:

 

 “Public Records” shall also include environmental protection liens filed in the records of the
clerk of the United States District Court for the district where the Land is located. 
 (j) “Title”: The estate or interest
described in Schedule A. 
 (k) “Unmarketable Title”: Title affected by an alleged or apparent matter that would permit a
prospective purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 

 

	2.	 CONTINUATION OF INSURANCE. 

The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured retains
an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the
Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 

 

	3.	 NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT. 

The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these Conditions,
(ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if the
Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company’s liability to the Insured Claimant under the policy shall be reduced to the extent
of the prejudice. 
  

	4.	 PROOF OF LOSS. 

In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of
payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the
extent possible, the basis of calculating the amount of the loss or damage. 
  

	5.	 DEFENSE AND PROSECUTION OF ACTIONS. 

(a) Upon written request by the Insured, and subject to the options contained in Section 7 of these Conditions, the Company, at its own
cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those stated causes of action
alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those stated causes of action. It
shall not be liable for and will not pay the fees of any other counsel. The company will not pay any fees, costs, or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured against by this policy.

 (b) The Company shall have the right, in addition to the options contained in Section 7 of theses Conditions, at its own cost, to
institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate
action 

 (a) To Pay or Tender Payment of the Amount of Insurance. 

To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys’ fees, and expenses incurred by the Insured
Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. 
 Upon the
exercise by the Company to this option, all liability and obligations of the Company to the Insured under this policy, other than to make the payment required in this subsection, shall terminate, including any liability or obligation to defend,
prosecute, or continue any litigation. 
 (b) To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured
Claimant. 
 (i) To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against
under this policy. In addition, the Company will pay any costs, attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay; or 

(ii) To pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with any costs,
attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. 

Upon the exercise by the Company of either of the options provided for in subsections (b)(i) or (ii), the Company’s obligations to the Insured under
this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation.  

 

	8.	 DETERMINATION AND EXTENT OF LIABILITY. 

This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has
suffered loss or damage by reason of matters insured against by this policy. 
 (a) The extent of liability of the Company for loss or
damage under this policy shall not exceed the lesser of 
 (i) the Amount of Insurance; or 

(ii) the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by this
policy. 
 (b) If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the Title, as
insured, 
 (i) the Amount of Insurance shall be increased by 10%, and 

(ii) the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the
Insured Claimant or as of the date it is settled and paid. 
 (c) In addition to the extent of liability under (a) and (b), the
Company will also pay those costs, attorneys’ fees, and expenses incurred in accordance with Sections 5 and 7 of these Conditions.  
  

	9.	 LIMITATION OF LIABILITY. 

(a) If the Company establishes the Title, or removes the alleged defect, lien, or encumbrance, or cures the lack of a right of access to
or from the Land, or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its obligations with respect to that
matter and shall not be liable for any loss or damage caused to the Insured.

 claims or controversies of other persons. Arbitrable matters may include, but are not limited to, any
controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising out of the transaction
giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured. All arbitrable matters when the Amount of Insurance is in excess of
$2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered
in any court of competent jurisdiction.  
  

	15.	 LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT. 

(a) This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the
Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. 
 (b) Any claim of
loss or damage that arises out of the status of the Title or by any action asserting such claim shall be restricted to this policy. 

(c) Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly
incorporated by Schedule A of this policy. 
 (d) Each endorsement to this policy issued at any time is made a part of this policy and
is subject to all of its terms and provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy, or (iv) increase the
Amount of Insurance. 
  

	16.	 SEVERABILITY. 

In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall
be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. 
  

	17.	 CHOICE OF LAW; FORUM. 

(a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium
charged therefore in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located. 

Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of
claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. 

(b) Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or
federal court within the United States of America or its territories having appropriate jurisdiction. 
  

	18.	 NOTICES, WHERE SENT. 

Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to
the Company at Attention: Claims Department, 1 First American Way, Santa Ana, California 92707, or to the office which issued this policy.

 

  
 First American Title Insurance
Company 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 4    

Policy Number:     

  

 SCHEDULE A 

First American Title Insurance Company 
 Name and
Address of the issuing Title Insurance Company: 
 First American Title Insurance Company 

18500 Von Karman Ave, Suite 600 
 Irvine, CA 92612 

File No.:
NCS-762885-04-SA1                 
                        Policy No.:  

Address Reference: 6190 Powers Ferry Road, Sandy Springs, GA 
 Amount of Insurance:
$18,725,000.00 
 Date of
Policy:                                        
 
  

	1.	Name of Insured: 

  

	 	Keppel-KBS Powers Ferry Landing, Inc., a Delaware corporation 

  

	2.	The estate or interest in the Land that is insured by this policy is: Fee Simple 

  

	3.	Title is vested in: 

  

	 	Keppel-KBS Powers Ferry Landing, Inc., a Delaware corporation 

  

	4.	The Land referred to in this policy is described as follows: 

 See Schedule A attached hereto and made
a part hereof 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 5    

Policy Number:     

  

 SCHEDULE A (Continued) 

File No.:
NCS-762885-04-SA1
                                         
                               Policy No.:  

Tract II: 6190 Powers Ferry-Parcel 14 
 All that tract or parcel of land lying and
being in Land Lots 174 and 205 of the 17th District of Fulton County, Georgia, and being more particularly described as follows: 
 Beginning at the intersection of
the southeasterly right-of-way line of Powers Ferry Road (80 foot right-of-way) and the
line common to Land Lots 174 and 205 of said district; proceeding thence northeasterly along said southeasterly right-of-way line of Powers Ferry Road North 29 degrees
23 minutes 03 seconds East a distance of 406.80 feet to a point; leaving said southeasterly right-of-way line and proceeding thence South 60 degrees 36 minutes 57
seconds East a distance of 255.17 feet to a point; proceeding thence northeasterly, easterly and southeasterly a distance of 115.93 feet along the arc of a curve to the right, said curve having a radius of 50.00 feet “and being subtended by a
chord having a bearing and distance of South 60 degrees 36 minutes 57 seconds East 91.65 feet to a point; proceeding thence South 60 degrees 36 minutes 57 seconds East a distance of 294.51 feet to a point; proceeding thence South 15 degrees 35
minutes 26 West a distance of 423.38 feet to an iron pin; proceeding thence South 89 degrees 35 minutes 17 seconds West a distance of 650.00 feet to a point on the line common to Land Lots 174 and 205 of said district; proceeding thence along said
common land lot line, North 00 degrees 49 minutes 17 seconds East a distance of 105.16 feet to a point; leaving said common land lot line and proceeding thence North 60 degrees 36 minutes 57 seconds West a distance of 127.93 feet to a point on said
southeasterly right-of-way line of Powers Ferry Road; proceeding thence northeasterly along said southeasterly right-of-way line North 29 degrees 23 minutes 03 seconds East a distance of 235.00 feet to the True Point of Beginning. 

Said tract or parcel of land contains 9.6636 acres. 
 Together with those easement
rights arising under that certain Utilities and Construction Easement Agreement by and between Powers Ferry Landing East Limited Partnership and Powers Ferry Landing, LLC, dated July 11, 1996, filed for record July 15, 1996 at 4:01 p.m.,
recorded in Deed Book 21150, Page 39, Records of Fulton County, Georgia. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 6    

Policy Number:     

  

 SCHEDULE B 

File No.:
NCS-762885-04-SA1
                                         
       Policy No.:  
 EXCEPTIONS FROM COVERAGE 

This Policy does not insure against loss or damage, and the Company will not pay costs, attorneys’ fees, or expenses that arise by reason of: 

 

	1.	 This item has been intentionally deleted. 

 

	2.	 This item has been intentionally deleted. 

 

	3.	 This item has been intentionally deleted. 

 

	4.	 This item has been intentionally deleted. 

 

	5.	 This item has been intentionally deleted. 

 

	6.	Taxes and assessments for the year 2017 and subsequent years, not yet due and payable, and taxes for prior years arising from reassessments or digest disputes. 

 

	7.	 This item has been intentionally deleted. 

 

	8.	 This item has been intentionally deleted. 

 

	9.	 No insurance is afforded as to the acreage or square footage contained in the Land. 

 

	10.	 This item has been intentionally deleted. 

 

	11.	Rights of parties in possession, as tenants only, under unrecorded leases as shown on the attached rent roll, which rights do not include any rights of first refusal or options to purchase all or any portion of the
Land. 

  

	12.	Agreement for Guy Wires and Anchors from T. O. Marshall, Executor of Estate of D. W. Rountree to Georgia Power Company, a Corporation, dated June 10, 1936, filed for record July 28, 1936, and recorded in Deed
Book 1640, Page 31, Fulton County, Georgia records. 

  

	13.	Easement from Powers-Ferry Nautilus to Georgia Power Company dated April 16, 1974, filed for record May 9, 1974, and recorded in Deed Book 6051, Page 308, aforesaid records. 

 

	14.	This item has been intentionally deleted. 

  

	15.	This item has been intentionally deleted. 

  

	16.	Slope Easement from New York Life Insurance Company, a New York Corporation, for itself and its successors and assigns to Financial Properties/Caron, a Joint Venture, for itself, its successors and assigns dated
December 22, 1980, filed for record December 31, 1980 and recorded in Deed Book 7740 Page 228, aforesaid records. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 7    

Policy Number:     

  

	17.	This item has been intentionally deleted. 

  

	18.	Sewer Easement from New York Life Ins. Co. to Fulton County, Georgia, dated January 27, 1984, filed for record March 19, 1984, and recorded in Deed Book 8890, Page 427, aforesaid records. 

 

	19.	This item has been intentionally deleted. 

  

	20.	This item has been intentionally deleted. 

  

	21.	Utilities and Construction Easement Agreement from Powers Ferry Landing East Limited Partnership to Powers Ferry Landing, LLC, dated July 11, 1996, filed for record July 15, 1996, and recorded in Deed Book
21150, Page 39, aforesaid records. 

  

	22.	This item has been intentionally deleted. 

  

	23.	Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 8    

Policy Number:     

  

 ENDORSEMENT 

Attached to Policy No. 
 Issued by 

First American Title Insurance Company 
 The Company
insures against loss or damage sustained by the Insured by reason of: 
 (1) damage to an existing building located on the Land, or 

(2) enforced removal or alteration of an existing building located on the Land, 

as a result of the exercise of the right of use or maintenance of the easement referred to in Exception 13 through 21 of Schedule B for the purpose for
which it was granted or reserved. 
 This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and
provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express
provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

American Land Title Association 
 Endorsement
28-06 (Easement - Damage or Enforced Removal) 
 Adopted 10/16/08 

  
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Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
	  	Policy Page 9
	 ALTA Owner’s Policy (6-17-06)
	  	Policy Number:

 ENDORSEMENT 

Attached to Policy No. 
 Issued by 

First American Title Insurance Company 
 The Company
insures against loss or damage sustained by the Insured if, at Date of Policy (i) the Land does not abut and have both actual vehicular and pedestrian access to and from Powers Ferry Road (the “Street(s)”), (ii) the Street(s)
is/are not physically open and publicly maintained, or (iii) the Insured has no right to use existing curb cuts or entries along that/those portion(s) of the Street(s) abutting the Land. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

American Land Title Association 
 Endorsement
17-06 (Access and Entry) 
 Adopted 6/17/06 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	  
 Form No. 1402.06
	  	Policy Page 10
	 ALTA Owner’s Policy (6-17-06)
	  	Policy Number:

 ENDORSEMENT 

Attached to Policy No. 
 Issued by 

First American Title Insurance Company 
 The Company
insures against loss or damage sustained by reason of the failure of (i) buildings known as 6151, 6190 and 6201 Powers Ferry Road, Sandy Springs, GA to be located on the Land at Date of Policy, or (ii) the map attached to this policy to
correctly show the location and dimensions of the Land according to the Public Records. 
 This endorsement is issued as part of the policy. Except as it expressly
states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy
or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

CLTA Form 116-06 (03-09-07) 

ALTA - Lender 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	  
 Form No. 1402.06
	  	Policy Page 11
	 ALTA Owner’s Policy (6-17-06)
	  	Policy Number:

 ENDORSEMENT 

Attached to Policy No. 
 Issued by 

First American Title Insurance Company 
 The Company
hereby insures the insured against loss or damage which the insured shall sustain by reason of the failure of the land to be the same as that delineated on the plat of a survey made by Moreland Altobel II Associates, Inc. on 9/06/2017, last revised
09/12/2017, designated Job No. 17330, a copy of which is attached hereto and made a part hereof. 
 This endorsement is issued as part of the policy. Except as
it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision
of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.

 CLTA Form 116.1-06 (03-09-07) 

ALTA - Owner 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 12
 Policy
Number:     

  

  
 

 
 SINGLE TAX PARCEL 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 

Attached to Policy No.: 
 File No.:
NCS-762885-04-SA1 
 The Company insures
against loss or damage sustained by the Insured by reason of the Land being taxed as part of a larger parcel of land or failing to constitute a separate tax parcel for real estate taxes. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10048
(7-1-14)
	  	Page 12 of 13	  	ALTA 18-06 Single Tax Parcel (6-17-06)

  
 First American Title Insurance
Company 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 13    

Policy Number:     

  

 ENDORSEMENT 

Attached to Policy No. 
 Issued by 

First American Title Insurance Company 
  

	1.	 The Company insures against loss or damage sustained by the Insured in the event that, at Date of Policy,

  

	 	a.	According to applicable zoning ordinances and amendments, the Land is not classified Zone O-I “Office Institutional District” ; 

 

	 	b.	The following use or uses are not allowed under that classification: Professional Office Uses 

  

	2.	There shall be no liability under this endorsement based on 

  

	 	a.	Lack of compliance with any conditions, restrictions, or requirements contained in the zoning ordinances and amendments, including but not limited to the failure to secure necessary consents or authorizations as a
prerequisite to the use or uses. This paragraph 2.a. does not modify or limit the coverage provided in Covered Risk 5. 

  

	 	b.	The invalidity of the zoning ordinances and amendments until after a final decree of a court of competent jurisdiction adjudicating the invalidity, the effect of which is to prohibit the use or uses. 

 

	 	c.	The refusal of any person to purchase, lease or lend money on the Title covered by this policy. 

 This endorsement is
issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount
of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of
the policy and of any prior endorsements. 
 American Land Title Association 

Endorsement 3-06 (Zoning) 
 Adopted 6/17/06 

  

	
	

 First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 14    

Policy Number:     

  

 ENDORSEMENT 

Attached to Policy No. 
 Issued by 

First American Title Insurance Company 

The Company insures against loss or damage sustained by the Insured by reason of: 
  

	1.	The existence, at Date of Policy, of any of the following unless expressly excepted in Schedule B: 

	 	a.	Present violations on the Land of any enforceable covenants, conditions, or restrictions, or any existing improvements on the Land that violate any building setback lines shown on a plat of subdivision recorded or filed
in the Public Records. 

	 	b.	Any instrument referred to in Schedule B as containing covenants, conditions, or restrictions on the Land that, in addition, (i) establishes an easement on the Land, (ii) provides for an option to purchase, a
right of first refusal, or the prior approval of a future purchaser or occupant, or (iii) provides a right of reentry, possibility of reverter, or right of forfeiture because of violations on the Land of any enforceable covenants, conditions,
or restrictions. 

	 	c.	Any encroachment of existing improvements located on the Land onto adjoining land, or any encroachment onto the Land of existing improvements located on adjoining land. 

	 	d.	Any encroachment of existing improvements located on the Land onto that portion of the Land subject to any easement excepted in Schedule B. 

	 	e.	Any notices of violation of covenants, conditions, or restrictions relating to environmental protection recorded or filed in the Public Records. 

 

	 	2.	Damage to existing buildings: 

	 	a.	That are located on or encroach upon that portion of the Land subject to any easement excepted in Schedule B, which damage results from the exercise of the right to maintain the easement for the purpose for which it was
granted or reserved; 

	 	b.	Resulting from the future exercise of any right existing at Date of Policy to use the surface of the Land for the extraction or development of minerals excepted from the description of the Land or excepted in Schedule
B. 

  

	 	3.	Any final court order or judgment requiring the removal from any land adjoining the Land of any encroachment, other than fences, landscaping, or driveways, excepted in Schedule B. 

 

	 	4.	Any final court order or judgment denying the right to maintain any existing building on the Land because of any violation of covenants, conditions, or restrictions, or building setback lines shown on a plat of
subdivision recorded or filed in the Public Records. 

 Wherever in this endorsement the words “covenants, conditions, or restrictions”
appear, they shall not be deemed to refer to or include the terms, covenants, conditions, or limitations contained in an instrument creating a lease. 
 As used in
paragraphs 1.a. and 4, the words “covenants, conditions, or restrictions” do not include any covenants, conditions, or restrictions (a) relating to obligations of any type to perform maintenance, repair, or remediation on the Land, or
(b) pertaining to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances, except to the extent that a notice of a violation or alleged violation affecting the Land has been recorded or
filed in the Public Records at Date of Policy and is not excepted in Schedule B. 

  
 First American Title Insurance
Company 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 15
 Policy
Number:

  

 This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the
terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with
an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

American Land Title Association 
 Endorsement
9.2-06 (Restrictions, Encroachments, Minerals- 
 Owner’s Policy - Improved Land) 

Adopted 6/17/06 

  
 First American Title Insurance
Company 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 16
 Policy
Number:

  

 

 
 Privacy Information 
 We Are Committed to
Safeguarding Customer Information 
 In order to better serve your needs now and in the future, we may ask you to provide us with certain
information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to
us. Therefore, together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. 
 Applicability

 This Privacy Policy governs our use of the information that you provide to us. It does not govern the manner in which we may use information we
have obtained from any other source, such as information obtained from a public record or from another person or entity. First American has also adopted broader guidelines that govern our use of personal information regardless of its source. First
American calls these guidelines its Fair Information Values. 
 Types of Information 

Depending upon which of our services you are utilizing, the types of nonpublic personal information that we may collect include: 

	 	●	 	 Information we receive from you on applications, forms and in other communications to us, whether in writing, in person,
by telephone or any other means; 

	 	●	 	 Information about your transactions with us, our affiliated companies, or others; and 

	 	●	 	 Information we receive from a consumer reporting agency. 

Use of Information 
 We request information from you for our own
legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have requested of
us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality control efforts
or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title insurers, property and
casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore, we may also provide all the information we
collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing agreements. 

Former Customers 
 Even if you are no longer our customer, our
Privacy Policy will continue to apply to you. 
 Confidentiality and Security 

We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal
information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be
handled responsibly and in accordance with this Privacy Policy and First American’s Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic
personal information. 
 Information Obtained Through Our Web Site 

First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information
about you we receive on the Internet. In general, you can visit First American or its affiliates’ Web sites on the World Wide Web without telling us who you are or revealing any information about yourself. Our Web servers collect the domain
names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of visits, average time spent on the site, pages viewed and similar information. First American uses this
information to measure the use of our site and to develop ideas to improve the content of our site. There are times, however, when we may need information from you, such as your name and email address. When information is needed, we will use our
best efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific
account/profile information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above. 

Business Relationships 
 First American Financial
Corporation’s site and its affiliates’ sites may contain links to other Web sites. While we try to link only to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy practices
employed by other sites. 
 Cookies 
 Some of First
American’s Web sites may make use of “cookie” technology to measure site activity and to customize information to your personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the
cookie on your hard drive. 
 FirstAm.com uses stored
cookies. The goal of this technology is to better serve you when visiting our site, save you time when you are here and to provide you with a more meaningful and productive Web site experience. 

                         
                                         
                                         
  
 Fair Information Values 

Fairness We consider consumer expectations about their privacy in all our businesses. We only offer products and services that assure a favorable
balance between consumer benefits and consumer privacy. 
 Public Record We believe that an open public record creates significant value for
society, enhances consumer choice and creates consumer opportunity. We actively support an open public record and emphasize its importance and contribution to our economy. 

Use We believe we should behave responsibly when we use information about a consumer in our business. We will obey the laws governing the
collection, use and dissemination of data. 
 Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and
disseminate. Where possible, we will take reasonable steps to correct inaccurate information. 
 When, as with the public record, we cannot correct
inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer can secure the required corrections. 

Education We endeavor to educate the users of our products and services, our employees and others in our industry about the importance of consumer
privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our industry to collect and use information in a responsible manner. 

Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of the data we maintain. 

  

					
	 Form 50-PRIVACY (9/1/10)        
	  	
Page 1 of 1                     

	  	                Privacy Information (2001-2010 First American Financial Corporation)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

 Policy No. 762885-11 

OWNER’S POLICY OF TITLE INSURANCE 
 ISSUED BY

 First American Title Insurance Company 

Any notice of claim and any other notice or statement in writing required to be given to the Company under this Policy must be given to the Company at the address
shown in Section 18 of the Conditions. 
 COVERED RISKS 

SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B, AND THE CONDITIONS, FIRST AMERICAN TITLE INSURANCE COMPANY, a Nebraska
corporation (the “Company”) insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by
reason of: 

 

	1.	Title being vested other than as stated in Schedule A. 

	2.	Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from 

	 	(a)	A defect in the Title caused by 

	 	(i)	forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; 

	 	(ii)	failure of any person or Entity to have authorized a transfer or conveyance; 

	 	(iii)	a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered; 

	 	(iv)	failure to perform those acts necessary to create a document by electronic means authorized by law; 

	 	(v)	a document executed under a falsified, expired, or otherwise invalid power of attorney; 

	 	(vi)	a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or 

	 	(vii)	a defective judicial or administrative proceeding. 

	 	(b)	The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. 

	 	(c)	Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term “encroachment” includes
encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land. 

	3.	Unmarketable Title. 

	4.	No right of access to and from the Land. 

	5.	The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to; 

	 	(a)	the occupancy, use, or enjoyment of the Land; 

	 	(b)	the character, dimensions, or location of any improvement erected on the Land; 

	 	(c)	the subdivision of land; or 

	 	(d)	 environmental protection 

if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but
only to the extent of the violation or enforcement referred to in that notice.

	6.	An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but
only to the extent of the enforcement referred to in that notice. 

	7.	The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. 

	8.	Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 

	9.	Title being vested other than as stated in Schedule A or being defective 

	 	(a)	as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the title to or any interest in the Land occurring prior to the transaction
vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency, or similar creditors’ rights laws; or 

	 	(b)	because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state insolvency, or similar creditors’ rights laws by reason of the failure of
its recording in the Public Records 

	 	(i)	to be timely, or 

	 	(ii)	to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 

	10.	Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy
and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 

The Company will also pay the costs, attorneys’ fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the
extent provided in the Conditions. 

 

  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

 Fatic-526-A 
 ALTA
Owner’s Policy (06/17/06) 

  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 2
 Policy
Number: 762885-11

  

 EXCLUSIONS FROM COVERAGE 

 

 The following matters are expressly excluded from the coverage of this policy, and the Company will not pay
loss or damage, costs, attorneys’ fees, or expenses that arise by reason of: 
  

	1. (a)	 Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting,
regulating, prohibiting, or relating to 

	 	(i)	 the occupancy, use, or enjoyment of the Land; 

	 	(ii)	 the character, dimensions, or location of any improvement erected on the Land; 

	 	(iii)	 the subdivision of land; or 

	 	(iv)	 environmental protection; 

or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not modify or limit the
coverage provided under Covered Risk 5. 

	 	(b)	 Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6.

	2.	 Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.

	3.	 Defects, liens, encumbrances, adverse claims, or other matters

	 	(a)	 created, suffered, assumed, or agreed to by the Insured Claimant; 

	 	(b)	 not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not
disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; 

	 	(c)	 resulting in no loss or damage to the Insured Claimant; 

	 	(d)	 attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under
Covered Risk 9 and 10); or 

	 	(e)	 resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title.

	4.	 Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights
laws, that the transaction vesting the Title as shown in Schedule A, is 

	 	(a)	 a fraudulent conveyance or fraudulent transfer; or 

	 	(b)	 a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 

	5.	 Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or
attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.

 

  
 CONDITIONS 

 

	1.	 DEFINITIONS OF TERMS. 

The following terms when used in this policy mean: 

(a) “Amount of Insurance”: The amount stated in Schedule A, as may be increased or decreased by endorsement to this policy,
increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. 
 (b) “Date of Policy”: The date
designated as “Date of Policy” in Schedule A. 
 (c) “Entity”: A corporation, partnership, trust, limited liability
company, or other similar legal entity. 
 (d) “Insured”: The Insured named in Schedule A. 

(i) The term “Insured” also includes 

(A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors,
personal representatives, or next of kin; 
 (B) successors to an Insured by dissolution, merger, consolidation, distribution, or
reorganization; 
 (C) successors to an Insured by its conversion to another kind of Entity; 

(D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title 

(1) if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured, 

(2) if the grantee wholly owns the named Insured, 

(3) if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured
are both wholly-owned by the same person or Entity, or 
 (4) if the grantee is a trustee or beneficiary of a trust created by a
written instrument established by the Insured named in Schedule A for estate planning purposes. 
 (ii) With regard to (A), (B), (C),
and (D) reserving, however, all rights and defenses as to any successor that the Company would have had against any predecessor Insured. 

(e) “Insured Claimant”: An Insured claiming loss or damage. 

(f) “Knowledge” or “Known”: Actual knowledge, not constructive knowledge or notice that may be imputed to an Insured
by reason of the Public Records or any other records that impart constructive notice of maters affecting the Title. 
 (g)
“Land”: The land described in Schedule A, and affixed improvements that by law constitute real property. The term “Land” does not include any property beyond the lines of the area described in Schedule A, nor any right, title,
interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is insured by this policy. 

(h) “Mortgage”: Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by electronic means
authorized by law. 

 (i) “Public Records”: Records established under state statutes at Date of Policy
for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), under the terms of this policy, whether or not it shall be liable to the Insured.
The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this subsection, it must do so diligently. 

(c) Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may pursue the
litigation to a final determination by a court of competent jurisdiction, and it expressly reserves the right, in its sole discretion, to appeal any adverse judgment or order. 
  

	6.	 DUTY OF INSURED CLAIMANT TO COOPERATE. 

(a) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding
and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by the
Company, the Insured, at the Company’s expense, shall give the Company all reasonable aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful
act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company’s
obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. 

(b) The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the
Company and to produce for examination, inspection, and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including books, ledgers, checks,
memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if requested by any authorized representative of the Company, the
Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or damage.
All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the
claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from third parties as required in this subsection, unless
prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 

 

	7.	 OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY. 

In case of a claim under this policy, the Company shall have the following additional options: 

(b) In the event of any litigation, including litigation by the Company or with the Company’s consent, the Company shall have no
liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. 

(c) The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in settling any
claim or suit without the prior written consent of the Company. 
  

	10.	 REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY. 

All payments under this policy, except payments made for costs, attorneys’ fees, and expenses, shall reduce the Amount of Insurance
by the amount of the payment. 
  

	11.	 LIABILITY NONCUMULATIVE. 

The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken
in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured under
this policy. 
  

	12.	 PAYMENT OF LOSS. 

When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be made
within 30 days. 
  

	13.	 RIGHTS OF RECOVERY UPON PAYMENT OR 

SETTLEMENT. 

(a) Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the rights of the
Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys’ fees, and expenses paid by the
Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the name of the
Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. 
 If a payment on
account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its right to recover until after the Insured Claimant shall have recovered its loss. 

(b) The Company’s right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of insurance,
or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 
 14. ARBITRATION.
(Does not apply in Georgia or Kentucky) 
 Unless prohibited by applicable law, either the Company or the Insured may demand that
the claim or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association (“Rules”). Except as provided in the Rules, there shall be no joinder or consolidation with

 

  

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 3
 Policy
Number: 762885-11

  

 
“Public Records” shall also include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. 

(j) “Title”: The estate or interest described in Schedule A. 

(k) “Unmarketable Title”: Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee
of the Title or lender on the Title to be released from the obligation to purchase, lease, or lend if there is a contractual condition requiring the delivery of marketable title. 

 

	2.	 CONTINUATION OF INSURANCE. 

The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured retains
an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the
Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 

 

	3.	 NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT. 

The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these Conditions,
(ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy, or (iii) if the
Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company’s liability to the Insured Claimant under the policy shall be reduced to the extent
of the prejudice. 
  

	4.	 PROOF OF LOSS. 

In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of
payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the
extent possible, the basis of calculating the amount of the loss or damage. 
  

	5.	 DEFENSE AND PROSECUTION OF ACTIONS. 

(a) Upon written request by the Insured, and subject to the options contained in Section 7 of these Conditions, the Company, at its own
cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those stated causes of action
alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those stated causes of action. It
shall not be liable for and will not pay the fees of any other counsel. The company will not pay any fees, costs, or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured against by this policy.

 (b) The Company shall have the right, in addition to the options contained in Section 7 of theses Conditions, at its own cost, to
institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate
action 

 (a) To Pay or Tender Payment of the Amount of Insurance. 

To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys’ fees, and expenses incurred by the Insured
Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. 
 Upon the
exercise by the Company to this option, all liability and obligations of the Company to the Insured under this policy, other than to make the payment required in this subsection, shall terminate, including any liability or obligation to defend,
prosecute, or continue any litigation. 
 (b) To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured
Claimant. 
 (i) To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against
under this policy. In addition, the Company will pay any costs, attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay; or 

(ii) To pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with any costs,
attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. 

Upon the exercise by the Company of either of the options provided for in subsections (b)(i) or (ii), the Company’s obligations to the Insured under
this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. 

 

	8.	 DETERMINATION AND EXTENT OF LIABILITY. 

This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has
suffered loss or damage by reason of matters insured against by this policy. 
 (a) The extent of liability of the Company for loss or
damage under this policy shall not exceed the lesser of 
 (i) the Amount of Insurance; or 

(ii) the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by this
policy. 
 (b) If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the Title, as
insured, 
 (i) the Amount of Insurance shall be increased by 10%, and 

(ii) the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the
Insured Claimant or as of the date it is settled and paid. 
 (c) In addition to the extent of liability under (a) and 

(b), the Company will also pay those costs, attorneys’ fees, and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 

 

	9.	 LIMITATION OF LIABILITY. 

(a) If the Company establishes the Title, or removes the alleged defect, lien, or encumbrance, or cures the lack of a right of access to
or from the Land, or cures the claim of Unmarketable Title, all as insured, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its obligations with respect to that
matter and shall not be liable for any loss or damage caused to the Insured.

 claims or controversies of other persons. Arbitrable matters may include, but are not limited to, any
controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising out of the transaction
giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured. All arbitrable matters when the Amount of Insurance is in excess of
$2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered
in any court of competent jurisdiction. 
  

	15.	 LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT. 

(a) This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the
Insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. 
 (b) Any claim of
loss or damage that arises out of the status of the Title or by any action asserting such claim shall be restricted to this policy. 

(c) Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly
incorporated by Schedule A of this policy. 
 (d) Each endorsement to this policy issued at any time is made a part of this policy and
is subject to all of its terms and provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy, or (iv) increase the
Amount of Insurance. 
  

	16.	 SEVERABILITY. 

In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall
be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. 
  

	17.	 CHOICE OF LAW; FORUM. 

(a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium
charged therefore in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located. 

Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of
claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. 

(b) Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or
federal court within the United States of America or its territories having appropriate jurisdiction. 
  

	18.	 NOTICES, WHERE SENT. 

Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given to
the Company at Attention: Claims Department, 1 First American Way, Santa Ana, California 92707, or to the office which issued this policy.

 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 4
 Policy
Number: 762885-11

  

 SCHEDULE A 

First American Title Insurance Company 
 Name and
Address of the issuing Title Insurance Company: 
 First American Title Insurance Company 

18500 Von Karman Ave, Suite 600 
 Irvine, CA 92612 

File No.: NCS-762885-11-SA1
                                         
                       Policy No.: 762885-11  

Address Reference: 365-375 Northridge Road, Atlanta, GA 

Amount of Insurance:     $20,325,000.00 
 Date of Policy: Date of
Recording at Time of Recording 
  

	1.	Name of Insured: 

  

	 	Keppel-KBS Northridge Center, Inc., a Delaware corporation 

  

	2.	The estate or interest in the Land that is insured by this policy is: 

  

	 	Fee Simple as to Parcel 1 

	 	Easement as to Parcel 2 

  

	3.	Title is vested in: 

  

	 	Keppel-KBS Northridge Center, Inc., a Delaware corporation 

  

	4.	The Land referred to in this policy is described as follows: 

 See Schedule A attached hereto and made
a part hereof 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 5
 Policy
Number: 762885-11

  

 SCHEDULE A (Continued) 

File No.: NCS-762885-11-SA1
                                         
               Policy No.: 762885-11  

PARCEL 1: 
 ALL THAT TRACT OR PARCEL OF LAND LYING AND BEING WITHIN THE CITY OF
ATLANTA, IN LAND LOT 25, 17TH DISTRICT, FULTON COUNTY, GEORGIA AND BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 BEGINNING AT AN IRON PIN FOUND ON WESTERN RIGHT-OF-WAY OF COLQUITT DRIVE (SAID RIGHT-OF-WAY BEING 80 FEET); 

THENCE PROCEED SOUTH 01 DEGREE 19 MINUTES 11 SECONDS EAST A DISTANCE OF 672.07 FEET TO AN IRON PIN; 

THENCE PROCEED SOUTH 87 DEGREES 25 MINUTES 34 SECONDS WEST A DISTANCE OF 893.13 FEET TO AN IRON PIN ALONG THE EASTERN RIGHT-OF-WAY OF ROSWELL ROAD (SAID RIGHT-OF-WAY BEING 104 FEET); 

THENCE PROCEED NORTH 12 DEGREES 18 MINUTES 47 SECONDS EAST AN ARC DISTANCE OF 188.43 FEET WITH A RADIUS OF 1946.86 FEET TO A POINT; 

THENCE PROCEED NORTH 09 DEGREES 06 MINUTES 53 SECONDS EAST AN ARC DISTANCE OF 28.96 FEET WITH A RADIUS OF 1946.86 FEET TO A POINT; 

THENCE PROCEED NORTH 06 DEGREES 12 MINUTES 09 SECONDS EAST AN ARC DISTANCE OF 168.90 FEET WITH A RADIUS OF 1948.86 FEET TO AN IRON PIN; 

THENCE PROCEED NORTH 72 DEGREES 03 MINUTES 42 SECONDS EAST A DISTANCE OF 32.73 FEET TO A POINT; 

THENCE PROCEED NORTH 01 DEGREE 29 MINUTES 13 SECONDS WEST AN ARC DISTANCE OF 1.77 FEET WITH A RADIUS OF 1978.20 FEET TO A POINT; 

THENCE PROCEED NORTH 71 DEGREES 59 MINUTES 13 SECONDS EAST A DISTANCE OF 200.01 FEET TO A POINT; 

THENCE PROCEED NORTH 03 DEGREES 36 MINUTES 23 SECONDS WEST A DISTANCE OF 184.95 FEET TO A POINT ON THE SOUTHERN RIGHT-OF-WAY OF NORTHRIDGE DRIVE (SAID RIGHT-OF-WAY BEING 100 FEET); 

THENCE PROCEED NORTH 78 DEGREES 01 MINUTE 43 SECONDS EAST AN ARC DISTANCE OF 98.70 FEET WITH A RADIUS OF 781.64 FEET TO AN IRON PIN; 

THENCE PROCEED NORTH 82 DEGREES 03 MINUTES 15 SECONDS EAST A DISTANCE OF 498.61 FEET TO AN IRON PIN; 

THENCE PROCEED SOUTH 40 DEGREES 51 MINUTES 22 SECONDS EAST A DISTANCE OF 21.34 FEET TO THE TRUE OF BEGINNING. 

LESS AND EXCEPT: 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 6
 Policy
Number: 762885-11

  

 LESS AND EXCEPT THE PROPERTY AS CONTAINED IN ORDER IN FULTON COUNTY SUPERIOR COURT CASE NO. 2005CV99924, STYLED
DEPARTMENT OF TRANSPORTATION AGAINST FOR 1031 NORTHRIDGE, LLC, ET.AL., FILED MARCH 22, 2007, RECORDED IN DEED BOOK 44685, PAGE 629, AFORESAID RECORDS. 
 PARCEL
2: 
 EASEMENTS AND OTHER RIGHTS IN REAL PROPERTY AS CONTAINED IN THAT CERTAIN DECLARATION OF RECIPROCAL EASEMENTS AMONG PHOENIX MUTUAL LIFE INSURANCE COMPANY,
PHOENIX FOUNDERS, INC. AND NORTHRIDGE CENTER PARTNERS II, DATED DECEMBER 31, 1985, RECORDED IN DEED BOOK 9972, PAGE 463, FULTON COUNTY, GEORGIA RECORDS, AS AMENDED AND RESTATED DECLARATION OF RECIPROCAL EASEMENTS DATED JUNE 1988, RECORDED IN
DEED BOOK 11755, PAGE 166, AFORESAID RECORDS AND AS AMENDED BY SECOND AMENDED AND RESTATED BY DECLARATION OF RECIPROCAL EASEMENTS DATED JUNE 7, 1990, RECORDED IN DEED BOOK 13763, PAGE 273, AFORESAID RECORDS. 

NOTICE: This is a pro-forma policy furnished to or on behalf of the party to be insured. It neither reflects the present
status of title, nor is it intended to be a commitment to insure. The inclusion of endorsements as part of the pro-forma policy in no way evidences the willingness of the Company to provide any affirmative
coverage shown therein. 
 There are requirements which must be met before a final policy can be issued in the same form as this
pro-forma policy. A commitment to insure setting forth these requirements should be obtained from the Company. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 7
 Policy
Number: 762885-11

  

 SCHEDULE B 

File No.: NCS-762885-11-SA1
                                         
               Policy No.: 762885-11  

EXCEPTIONS FROM COVERAGE 
 This Policy does not insure
against loss or damage, and the Company will not pay costs, attorneys’ fees, or expenses that arise by reason of: 
  

	1.	This item has been intentionally deleted. 

  

	2.	Rights of tenants in possession, as tenants only, under unrecorded leases as shown on the attached rent roll, which rights do not include any rights of first refusal or options to purchase all or any portion of the
Land. 

  

	3.	This item has been intentionally deleted. 

  

	4.	This item has been intentionally deleted. 

  

	5.	This item has been intentionally deleted. 

  

	6.	This item has been intentionally deleted. 

  

	7.	This item has been intentionally deleted. 

  

	8.	General and special taxes and assessments for the fiscal year 2017 and subsequent years, a lien not yet due or payable. 

  

	9.	Any additional taxes, interest and/or penalties which may be assessed for prior tax years by virtue of adjustment, re-appraisal,
re-assessment, appeal or other amendment to the tax records of the city or county in which the subject property is located. 

 

	10.	This item has been intentionally deleted. 

  

	11.	This item has been intentionally deleted. 

  

	12.	Easements as conveyed in Right-of-Way Deed from C.W. Buchanan to Fulton County dated December 27, 1979, filed for record
February 20, 1980, and recorded in Deed Book 7485, Page 229, aforesaid records. 

  

	13.	Easements as conveyed in Right-of-Way Deed from C.W. Buchanan to Fulton County dated December 27, 1979, filed for record
February 20, 1980, and recorded in Deed Book 7485, Page 230, aforesaid records. 

  

	14.	Easements as conveyed in Right-of-Way Deed from C.W. Buchanan to Fulton County dated December 27, 1979, filed for record
February 20, 1980, and recorded in Deed Book 7485, Page 231, aforesaid records. 

  

	15.	Sewer Easement from NOR Associates to Fulton County, Georgia, dated January 29, 1985, filed for record February 28, 1985, and recorded in Deed Book 9400, Page 397, aforesaid records. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 8
 Policy
Number: 762885-11

  

	16.	Water Meter Easement from NOR Associates to City of Atlanta, a municipal corporation of the State of Georgia, dated May 15, 1985, filed for record May 17, 1985, and recorded in Deed Book 9523, Page 191,
aforesaid records. 

  

	17.	Conveyance of Access Rights from Northridge Center Partners II, Phoenix Mutual Life Insurance Co. and Phoenix Founders to Department of Transportation dated May 26, 1988, filed for record June 2, 1988, and
recorded in Deed Book 11577, Page 34, in the records of the Clerk of the Superior Court of Fulton County, Georgia. 

  

	18.	Terms and provisions of that certain Declaration of Reciprocal Easements, by NOR Associates, Ltd., a Georgia limited partnership dated December 31, 1985, filed for record January 8, 1986, and recorded in Deed
Book 9912, Page 463, aforesaid records; as amended by that certain Amended and restated Declaration of Reciprocal Easements by Phoenix Mutual Life Insurance Company, a Connecticut corporation and Phoenix Founders, Inc., a Connecticut corporation,
dated June __, 1988, filed for record July 28, 1988, and recorded in Deed Book 11755, Page 166, aforesaid records; as amended by that certain Second Amended and Restated Declaration of Reciprocal Easements by Phoenix Mutual Life Insurance
Company, a Connecticut corporation, Phoenix Founders, Inc., a Connecticut corporation, and Northridge Center Partners II, dated June 7, 1990, filed for record October 9, 1990, and recorded in Deed Book 13763, Page 273, aforesaid records;
and as affected by that certain Statement of Non-Merger by Phoenix Founders, Inc., a Connecticut corporation, dated March 12, 1993, filed for record September 3, 1993, and recorded in Deed Book
17124, Page 158, aforesaid records. 

  

	19.	Easements as conveyed in Right-of-Way Deed from Annie C. Buchanan to State Highway Board of Georgia , filed for record January 13,
1941, and recorded in Deed Book 1750, Page 597, aforesaid records. 

  

	20.	Easements as conveyed in Right-of-Way Deed from Annie C. Buchanan to State Highway Board of Georgia , filed for record January 13,
1941, and recorded in Deed Book 1750, Page 597-598, aforesaid records. 

  

	21.	Easement from C.W. Buchanan to Georgia Power Company dated June 27, 1967, filed for record August 14, 1967, and recorded in Deed Book 4777, Page 174, aforesaid records. 

 

	22.	Sewer Easement from NOR Associates to Fulton County, Georgia, dated January 29, 1985, filed for record January 8, 1986, and recorded in Deed Book 9912, Page 461, aforesaid records. 

 

	23.	Easements as conveyed in Right-of-Way Deed from Northridge Center Partners to Fulton County, Georgia dated November 13, 1987, filed
for record February 15, 1988, and recorded in Deed Book 11330, Page 5, aforesaid records. 

  

	24.	Easements as conveyed in Right-of-Way Deed from Northridge Center Partners to Fulton County, Georgia dated November 13, 1987, filed
for record February 15, 1988, and recorded in Deed Book 11330, Page 7, aforesaid records. 

  

	25.	Terms and provisions of that certain Boundary Line Agreement, by and between Phoenix Founders, Inc., a Connecticut corporation and Shell Oil Company, a Delaware Corporation, dated April 20, 1988, filed for record
July 13, 1988, and recorded in Deed Book 11710, Page 202, aforesaid records. 

  

	26.	Statement of Non-Merger by Phoenix Founders, Inc. dated March 12, 1993, recorded in Deed Book 17124, Page 158, in the records of the Clerk of the Superior Court of Fulton
County, Georgia. 

  

	27.	Order and Judgment at Docket No. 2005 CV 99924 styled Department of Transportation vs. 1031 Northridge, LLC, et al., dated April 19, 2005, filed for record March 22, 2007, and recorded in 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 9
 Policy
Number: 762885-11

  

	 	Deed Book 44685, Page 629, Fulton County, Georgia records, in the original sum of $19,850.00, plus penalty and interest, if any. Order and Judgment in Fulton County Superior Court case no. 2005CV99924, styled Department
of Transportation against FOR 1031 Northridge, LLC, et.al., filed March 22, 2007, recorded in Deed Book 44685, Page 629, County Name, Georgia records. 

  

	28.	This item has been intentionally deleted. 

  

	29.	This item has been intentionally deleted. 

  

	30.	This item has been intentionally deleted. 

  

	31.	This item has been intentionally deleted. 

  

	32.	This item has been intentionally deleted. 

  

	33.	This item has been intentionally deleted. 

  

	34.	Easements as conveyed in Right-of-Way Deed from Northridge Center Partners to Fulton County dated November 13, 1987, filed for record
February 15, 1988, and recorded in Deed Book 11330, Page 9, aforesaid records. 

  

	35.	This item has been intentionally deleted. 

  

	36.	The following matters disclosed by an ALTA/NSPS survey made by Bock & Clark Corporation on September 13, 2017 and last revised September 15, 2017, designated Job
No. 201703038-001: 

  

	 	A) A 3.3’ encroachment of a fence into the street right of way of Northridge Road. 

  

	37.	Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 

  
 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 10
 Policy
Number: 762885-11

  

 

 
 COMMERCIAL ENVIRONMENTAL 

PROTECTION LIEN ENDORSEMENT 
 Issued by

 First American Title Insurance Company 

Attached to Policy No.: 762885-11 
 File No.: NCS-762885-11-SA1 
 The Company insures against
loss or damage sustained by the Insured by reason of an environmental protection lien that, at Date of Policy, is recorded in the Public Records or filed in the records of the Clerk of the United States District Court for the district in which the
Land is located, unless the environmental protection lien is set forth as an exception in Schedule B. 
 This endorsement is issued as part of the policy. Except as
it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision
of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements.

 Date: 
  

			
		 	First American Title Insurance Company
		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	  

Form 50-10021 (7-1-14)        
	  	  

Page 10 of 21
	  	  

                ALTA 8.2-06 Commercial Environmental Protection Lien
(10-16-08)
 CLTA 110.9.1-06 (10-16-08)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 11
 Policy
Number: 762885-11

  

 

 
 MULTIPLE TAX 

PARCEL ENDORSEMENT 
 Issued by 

First American Title Insurance Company 
 Attached to
Policy No.: 762885-11 
 File No.: NCS-762885-11-SA1 
 The Company insures against loss or damage sustained by the Insured by reason of: 

 

	  1.	Parcel 1 of the Land identified below not being assessed for real estate taxes under the listed tax identification numbers or those tax identification numbers including any additional land: 

Tax Identification Numbers: 
 17 0025 LL 062 6 

17 0025 LL 066 7 
 17 0025 LL 067 5 

17 0025 LL 070 9 
 17 0025 LL 071 7 

17 0025 LL 072 5 
 17 0025 LL 073 3 

 

	  2.	the easements, if any, described in Schedule A being cut off or disturbed by the nonpayment of real estate taxes, assessments or other charges imposed on the servient estate by a governmental authority.

 This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the
policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
  

			
		 	First American Title Insurance Company
		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	 Form 50-10049 (7-1-14)    
	  	Page 11 of 21                             	  	                ALTA 18.1-06 Multiple Tax Parcel (6-17-06)

First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 12
 Policy
Number: 762885-11

  

 

 
 COVENANTS, CONDITIONS AND RESTRICTIONS - 

IMPROVED LAND - OWNER’S POLICY ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 762885-11 

File No.: NCS-762885-11-SA1 

 

	  1.	The insurance provided by this endorsement is subject to the exclusions in Section 4 of this endorsement; and the Exclusions from Coverage, the Exceptions from Coverage contained in Schedule B, and the Conditions
in the policy. 

  

	  2.	For the purposes of this endorsement only, 

  

	 	  a.	“Covenant” means a covenant, condition, limitation or restriction in a document or instrument in effect at Date of Policy. 

 

	 	  b.	“Improvement” means a building, structure located on the surface of the Land, road, walkway, driveway, or curb, affixed to the Land at Date of Policy and that by law constitutes real property, but excluding
any crops, landscaping, lawn, shrubbery, or trees. 

  

	  3.	The Company insures against loss or damage sustained by the Insured by reason of: 

  

	 	  a.	A violation on the Land at Date of Policy of an enforceable Covenant, unless an exception in Schedule B of the policy identifies the violation; 

 

	 	  b.	Enforced removal of an Improvement as a result of a violation, at Date of Policy, of a building setback line shown on a plat of subdivision recorded or filed in the Public Records, unless an exception in Schedule B of
the policy identifies the violation; or 

  

	 	  c.	A notice of a violation, recorded in the Public Records at Date of Policy, of an enforceable Covenant relating to environmental protection describing any part of the Land and referring to that Covenant, but only to the
extent of the violation of the Covenant referred to in that notice, unless an exception in Schedule B of the policy identifies the notice of the violation. 

  

	  4.	This endorsement does not insure against loss or damage (and the Company will not pay costs, attorneys’ fees, or expenses) resulting from: 

 

	 	  a.	any Covenant contained in an instrument creating a lease; 

  

	 	  b.	any Covenant relating to obligations of any type to perform maintenance, repair, or remediation on the Land; or 

  

	 	  c.	except as provided in Section 3.c, any Covenant relating to environmental protection of any kind or nature, including hazardous or toxic matters, conditions, or substances. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous 

  

	
	

 First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 13
 Policy
Number: 762885-11

  

 endorsement is inconsistent with an express provision of this endorsement, this endorsement controls.
Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
 Date: 

 

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10801 (7-1-14) 
	  	Page 13 of 21 	  	ALTA 9.2-06 Covenants, Conditions and Restrictions Improved Land - Owner’s Policy
(Rev. 4-2-12)

 First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 14
 Policy
Number: 762885-11

  

  
 

 
 SAME AS SURVEY ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 762885-11 

File No.: NCS-762885-11-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of the Land as described in Schedule A to be the same as that identified on
the survey made by Bock & Clark Corporation dated September 13, 2017 and last revised September 15, 2017, and designated Job No. 201703038-001. 

This endorsement is issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy,
(ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this
endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
  

			
		 	First American Title Insurance Company
		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10059 (7-1-14)        
	  	
Page 14 of 21                    
         
	  	
                ALTA 25-06 Same as Survey (10-16-08)

CLTA 116.1-06 (10-16-08)

 First
American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 15
 Policy
Number: 762885-11

  

  
 

 
 SUBDIVISION ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 762885-11 

File No.: NCS-762885-11-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of the Land to constitute a lawfully created parcel according to the
subdivision statutes and local subdivision ordinances applicable to the Land. 
 This endorsement is issued as part of the policy. Except as it expressly states, it
does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the extent a provision of the policy or a
previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 

Date: 
  

			
		 	First American Title Insurance Company
		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10061 (7-1-14)        
	  	Page 15 of 21	  	                
ALTA 26-06 Subdivision (10-16-08)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 16
 Policy
Number: 762885-11

  

 

 
 ACCESS AND ENTRY 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 
 Attached to
Policy No.: 762885-11 
 File No.: NCS-762885-11-SA1 
 The Company insures against loss or damage sustained by the Insured if, at Date of Policy
(i) the Land does not abut and have both actual vehicular and pedestrian access to and from Colquitt Road, Northridge Road and Roswell Road (the “Street”), (ii) the Street is not physically open and publicly maintained, or
(iii) the Insured has no right to use existing curb cuts or entries along that portion of the Street abutting the Land. 
 This endorsement is issued as part of
the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To
the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of
any prior endorsements. 
 Date: 
  

			
		 	First American Title Insurance Company
		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10045 (7-1-14)        
	  	Page 16 of 21                 
            	  	                
ALTA 17-06 Access and Entry (6-17-06)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 17
 Policy
Number: 762885-11

  

 

 
 ZONING - COMPLETED 

STRUCTURE ENDORSEMENT 
 Issued by 

First American Title Insurance Company 
 Attached to
Policy No.: 762885-11 
 File No.: NCS-762885-11-SA1 
  

	  1.	The Company insures against loss or damage sustained by the Insured in the event that, at Date of Policy, 

	 	  a.	according to applicable zoning ordinances and amendments, the Land is not classified Zone “O-I” Office Institutional District within the Sandy Springs Suburban Overlay
District; 

	 	  b.	the following use or uses are not allowed under that classification: Financial Establishment / Institution, Health Club / Spa, and Office 

	 	  c.	There shall be no liability under paragraph 1.b. if the use or uses are not allowed as the result of any lack of compliance with any conditions, restrictions, or requirements contained in the zoning ordinances and
amendments, including but not limited to the failure to secure necessary consents or authorizations as a prerequisite to the use or uses. This paragraph 1.c. does not modify or limit the coverage provided in Covered Risk 5. 

 

	  2.	The Company further insures against loss or damage sustained by the Insured by reason of a final decree of a court of competent jurisdiction either prohibiting the use of the Land, with any existing structure, as
specified in paragraph 1.b. or requiring the removal or alteration of the structure, because, at Date of Policy, the zoning ordinances and amendments have been violated with respect to any of the following matters: 

	 	  a.	Area, width, or depth of the Land as a building site for the structure 

	 	  b.	Floor space area of the structure 

	 	  c.	Setback of the structure from the property lines of the Land 

	 	  d.	Height of the structure, or 

	 	  e.	Number of parking spaces. 

  

	  3.	There shall be no liability under this endorsement based on: 

	 	  a.	the invalidity of the zoning ordinances and amendments until after a final decree of a court of competent jurisdiction adjudicating the invalidity, the effect of which is to prohibit the use or uses; 

	 	  b.	the refusal of any person to purchase, lease or lend money on the Title covered by this policy. 

 This endorsement is
issued as part of the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount
of Insurance. To the extent a provision of the policy or a previous 

  

					
		  		  	

 First American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 18
 Policy
Number: 762885-11

  

 endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this
endorsement is subject to all of the terms and provisions of the policy and of any prior endorsements. 
 Date: 

 

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10576 (7-1-14)            
	  	Page 18 of 21                 
            	  	
                ALTA 3.1-06 Zoning - Completed Structure (Rev. 10-22-09)

CLTA 123.2-06 (Rev. 10-22-09)

 First
American Title Insurance Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 19
 Policy
Number: 762885-11

  

  
 

 
 LOCATION ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 762885-11 

File No.: NCS-762885-11-SA1 

The Company insures against loss or damage sustained by the Insured by reason of the failure of a 

Commercial Structure 
 known as 365 to 375 Northridge Road, Atlanta Georgia, 

to be located on the Land at Date of Policy. 
 This endorsement is issued as part of
the policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To
the extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of
any prior endorsements. 
 Date: 
  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

					
	
Form 50-10054 (7-1-14)            
	  	Page 19 of 21                 
            	  	                
ALTA 22-06 Location (6-17-06)

 First American Title Insurance Company 

 

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 20
 Policy
Number: 762885-11

  

 

 
 EASEMENT - DAMAGE OR ENFORCED REMOVAL ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy Number.: 762885-11 

File no.: NCS-762885-11-SA1 

The Company insures against loss or damage sustained by the Insured if the exercise of the granted or reserved rights to use or maintain the easement(s) referred to in
the Exception(s) 12-16, 18-24 and 34 of Schedule B results in: 
  

	 	(1)	damage to an existing building located on the Land, or 

  

	 	(2)	enforced removal or alteration of an existing building located on the Land. 

 This endorsement is issued as part of the
policy. Except as it expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsements, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. To the
extent a provision of the policy or a previous endorsement is inconsistent with an express provision of this endorsement, this endorsement controls. Otherwise, this endorsement is subject to all of the terms and provisions of the policy and of any
prior endorsements. 
 Date: 
  

			
		 	 First American Title Insurance Company

		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

  

			
	 By:
	 	
		 	 Authorized Countersignature

  

					
	
Form 50-10588 (7-1-14)            
	  	Page 20 of 21                 
            	  	ALTA 28-06 Easement - Damage or Enforced Removal (Rev.
2-3-10)                

 First American Title Insurance
Company 
  

			
	 

	  	

			
	 

	  	

  

			
	 Form No. 1402.06
 ALTA
Owner’s Policy (6-17-06)
	  	 Policy Page 21
 Policy
Number: 762885-11

  

  
 

 
 Privacy Information 
 We Are Committed to
Safeguarding Customer Information 
 In order to better serve your needs now and in the future, we may ask you to provide us with certain
information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to
us. Therefore, together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. 

Applicability 
 This Privacy Policy governs our
use of the information that you provide to us. It does not govern the manner in which we may use information we have obtained from any other source, such as information obtained from a public record or from another person or entity. First American
has also adopted broader guidelines that govern our use of personal information regardless of its source. First American calls these guidelines its Fair Information Values. 

Types of Information 
 Depending upon which of
our services you are utilizing, the types of nonpublic personal information that we may collect include: 

	 	●	 	 Information we receive from you on applications, forms and in other communications to us, whether in writing, in person,
by telephone or any other means; 

	 	●	 	 Information about your transactions with us, our affiliated companies, or others; and 

	 	●	 	 Information we receive from a consumer reporting agency. 

Use of Information 
 We request information from
you for our own legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have
requested of us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality
control efforts or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title
insurers, property and casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore, we may also provide all the
information we collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing
agreements. 
 Former Customers 
 Even if you
are no longer our customer, our Privacy Policy will continue to apply to you. 
 Confidentiality and Security 

We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal
information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be
handled responsibly and in accordance with this Privacy Policy and First American’s Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic
personal information. 
 Information Obtained Through Our Web Site 

First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information
about you we receive on the Internet. In general, you can visit First American or its affiliates’ Web sites on the World Wide Web without telling us who you are or revealing any information about yourself. Our Web servers collect the domain
names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of visits, average time spent on the site, pages viewed and similar information. First American uses this
information to measure the use of our site and to develop ideas to improve the content of our site. There are times, however, when we may need information from you, such as your name and email address. When information is needed, we will use our
best efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is used only by us to respond to your inquiry, process an order or allow you to access specific
account/profile information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above. 

Business Relationships 
 First American
Financial Corporation’s site and its affiliates’ sites may contain links to other Web sites. While we try to link only to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy
practices employed by other sites. 
 Cookies 

Some of First American’s Web sites may make use of “cookie” technology to measure site activity and to customize information to your
personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the cookie on your hard drive.  

FirstAm.com uses stored cookies. The goal of this technology
is to better serve you when visiting our site, save you time when you are here and to provide you with a more meaningful and productive Web site experience. 

——————————————————————————————————  
 
 Fair Information Values 
 Fairness
We consider consumer expectations about their privacy in all our businesses. We only offer products and services that assure a favorable balance between consumer benefits and consumer privacy. 

Public Record We believe that an open public record creates significant value for society, enhances consumer choice and creates consumer
opportunity. We actively support an open public record and emphasize its importance and contribution to our economy. 
 Use We believe we should
behave responsibly when we use information about a consumer in our business. We will obey the laws governing the collection, use and dissemination of data. 

Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and disseminate. Where possible, we will take
reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer
can secure the required corrections. 
 Education We endeavor to educate the users of our products and services, our employees and others in our
industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our industry to collect and use information in a
responsible manner. 
 Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of
the data we maintain. 

  

					
	 Form 50-PRIVACY (9/1/10)
	  	 Page 1 of 1
	  	Privacy Information (2001-2010 First American Financial Corporation)

 First American Title Insurance
Company 

			
	 

	  	

			
	 

	  	

  

			
	 

  

Owner’s Policy
	  	 Owner’s
Policy of Title Insurance
 (with Florida modifications)
  

ISSUED BY
 First American Title Insurance
Company
  
 POLICY NUMBER

5011412- 762885-14

 Any notice of claim and any other notice or statement in writing required to be given to the Company under this policy must be given
to the Company at the address shown in Section 18 of the Conditions. 
 COVERED RISKS 

SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B, AND THE CONDITIONS, FIRST AMERICAN TITLE INSURANCE COMPANY, a
Nebraska corporation (the “Company”) insures, as of Date of Policy against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: 

 

	1.	Title being vested other than as stated in Schedule A. 

	2.	Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from 

	 	(a)	A defect in the Title caused by 

	 	(i)	forgery, fraud, undue influence, duress, incompetency, incapacity, or impersonation; 

	 	(ii)	failure of any person or Entity to have authorized a transfer or conveyance; 

	 	(iii)	a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized, or delivered; 

	 	(iv)	failure to perform those acts necessary to create a document by electronic means authorized by law; 

	 	(v)	a document executed under a falsified, expired, or otherwise invalid power of attorney; 

	 	(vi)	a document not properly filed, recorded, or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or 

	 	(vii)	a defective judicial or administrative proceeding. 

	 	(b)	The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. 

	 	(c)	Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term “encroachment” includes
encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land. 

	3.	Unmarketable Title. 

	4.	No right of access to and from the Land. 

 (Covered Risks Continued on Page 2) 

 
  

 
 In Witness Whereof, First American Title
Insurance Company has caused its corporate name to be hereunto affixed by its authorized officers as of Date of Policy shown in Schedule A. 
  

			
		 	First American Title Insurance Company
		
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore

President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

 (This Policy is valid only when Schedules A and B are attached) 

Copyright 2006-2009 American Land Title Association. All rights reserved. The use of this form is restricted to ALTA licensees and ALTA members in good standing
as of the date of use. All other uses are prohibited. Reprinted under license from the American Land Title Association. 

  

					
	Form 5011412 (7-1-14)                	 	
Page 1 of 16                     
   
	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

 COVERED RISKS (Continued) 

	5.	The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting, or relating to 

	 	(a)	the occupancy, use, or enjoyment of the Land; 

	 	(b)	the character, dimensions, or location of any improvement erected on the Land; 

	 	(c)	the subdivision of land; or 

	 	(d)	environmental protection if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement
referred to in that notice. 

	6.	An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but
only to the extent of the enforcement referred to in that notice. 

	7.	The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. 

	8.	Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 

	9.	Title being vested other than as stated in Schedule A or being defective 

	 	(a)	as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the title to or any interest in the Land occurring prior to the transaction
vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency, or similar creditors’ rights laws; or 

	 	(b)	because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state insolvency, or similar creditors’ rights laws by reason of the failure of
its recording in the Public Records 

	 	(i)	to be timely, or 

	 	(ii)	to impart notice of its existence to a purchaser for value or to a judgment or lien creditor. 

	10.	Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy
and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 

 The Company
will also pay the costs, attorneys’ fees, and expenses incurred in defense of any matter insured against by this Policy, but only to the extent provided in the Conditions. 

EXCLUSIONS FROM COVERAGE

 The following matters are expressly excluded from the coverage of this policy, and the Company will not pay loss or
damage, costs, attorneys’ fees, or expenses that arise by reason of: 

	1.	 (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning)
restricting, regulating, prohibiting, or relating to 

	 	(i)	 the occupancy, use, or enjoyment of the Land; 

	 	(ii)	 the character, dimensions, or location of any improvement erected on the Land; 

	 	(iii)	 the subdivision of land; or 

	 	(iv)	 environmental protection; 

	 	 	 or the effect of any violation of these laws, ordinances, or governmental regulations. This Exclusion 1(a) does not
modify or limit the coverage provided under Covered Risk 5. 

	 	(b)	 Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6.

	2.	 Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.

	3.	 Defects, liens, encumbrances, adverse claims, or other matters 

	 	(a)	 created, suffered, assumed, or agreed to by the Insured Claimant;

	 	(b)	not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured
Claimant became an Insured under this policy; 

	 	(c)	resulting in no loss or damage to the Insured Claimant; 

	 	(d)	attaching or created subsequent to Date of Policy; or 

	 	(e)	resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 

	4.	Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors’ rights laws, that the transaction vesting the Title as shown in Schedule A, is 

	 	(a)	a fraudulent conveyance or fraudulent transfer; or 

	 	(b)	a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 

	5.	Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the
Public Records that vests Title as shown in Schedule A. 

 

  

					
	Form 5011412 (7-1-14)                	 	
Page 2 of 16                     
   
	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

 CONDITIONS

	1.	 DEFINITION OF TERMS 

The following terms when used in this policy mean: 

	 	(a)	“Amount of Insurance”: The amount stated in Schedule A, as may be increased or decreased by endorsement to this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions.

	 	(b)	“Date of Policy”: The date designated as “Date of Policy” in Schedule A. 

	 	(c)	“Entity”: A corporation, partnership, trust, limited liability company, or other similar legal entity. 

	 	(d)	“Insured”: The Insured named in Schedule A. 

	 	(i)	The term “Insured” also includes 

	 	(A)	successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, personal representatives, or next of kin; 

	 	(B)	successors to an Insured by dissolution, merger, consolidation, distribution, or reorganization; 

	 	(C)	successors to an Insured by its conversion to another kind of Entity; 

	 	(D)	a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title 

	 	(1)	if the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured, 

	 	(2)	if the grantee wholly owns the named Insured, 

	 	(3)	if the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured are both wholly-owned by the same person or Entity, or 

	 	(4)	if the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named in Schedule A for estate planning purposes. 

	 	(ii)	With regard to (A), (B), (C), and (D) reserving, however, all rights and defenses as to any successor that the Company would have had against any predecessor Insured. 

	 	(e)	“Insured Claimant”: An Insured claiming loss or damage. 

	 	(f)	“Knowledge” or “Known”: Actual knowledge, not constructive knowledge or notice that may be imputed to an Insured by reason of the Public Records or any other records that impart constructive notice
of matters affecting the Title. 

	 	(g)	“Land”: The land described in Schedule A, and affixed improvements that by law constitute real property. The term “Land” does not include any property beyond the lines of the area described in
Schedule A, nor any right, title, interest, estate, or easement in abutting streets, roads, avenues, alleys, lanes, ways, or waterways, but this does not modify or limit the extent that a right of access to and from the Land is insured by this
policy. 

	 	(h)	“Mortgage”: Mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by electronic means authorized by law. 

	 	(i)	“Public Records”: Records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge.
With respect to Covered Risk 5(d), “Public Records” shall also

	 	 
include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. 

	 	(j)	“Title”: The estate or interest described in Schedule A. 

	 	(k)	“Unmarketable Title”: Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase,
lease, or lend if there is a contractual condition requiring the delivery of marketable title. 

	2.	CONTINUATION OF INSURANCE 

 The coverage of this policy shall continue in force as of Date of
Policy in favor of an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have
liability by reason of warranties in any transfer or conveyance of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured
by a purchase money Mortgage given to the Insured. 

	3.	NOTICE OF CLAIM TO BE GIVEN BY INSURED 

 CLAIMANT 

The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) of these Conditions,
(ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy, or
(iii) if the Title, as insured, is rejected as Unmarketable Title. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company’s liability to the Insured Claimant under the policy shall be
reduced to the extent of the prejudice. 

	4.	PROOF OF LOSS 

 In the event the Company is unable to determine the amount of loss or damage, the
Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance, or other matter insured against by this policy that constitutes
the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage. 

	5.	DEFENSE AND PROSECUTION OF ACTIONS 

	 	(a)	Upon written request by the Insured, and subject to the options contained in Section 7 of these Conditions, the Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured
in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those stated causes of action alleging matters insured against by this policy. The Company shall have the right
to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company
will not pay any fees, costs, or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured against by this policy.

 

  

					
	Form 5011412 (7-1-14)                	 	
Page 3 of 16                     
   
	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

 CONDITIONS (Continued)

	 	(b)	The Company shall have the right, in addition to the options contained in Section 7 of these Conditions, at its own cost, to institute and prosecute any action or proceeding or to do any other act that in its
opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate action under the terms of this policy, whether or not it shall be liable to the
Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this subsection, it must do so diligently. 

	 	(c)	Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may pursue the litigation to a final determination by a court of competent jurisdiction, and it expressly
reserves the right, in its sole discretion, to appeal any adverse judgment or order. 

	6.	DUTY OF INSURED CLAIMANT TO COOPERATE 

	 	(a)	In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or
provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by the Company, the Insured, at the Company’s expense, shall give the Company all reasonable
aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful act that in the opinion of the Company may be necessary or desirable to establish
the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company’s obligations to the Insured under the policy shall terminate, including any liability or
obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. 

	 	(b)	The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the Company and to produce for examination, inspection, and copying, at such reasonable
times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including books, ledgers, checks, memoranda, correspondence, reports, e-mails,
disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in
writing, for any authorized representative of the Company to examine, inspect, and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or damage. All information designated as confidential by the
Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for
examination under oath, produce any reasonably requested information, or grant permission to secure reasonably necessary information from third parties as required in this subsection, unless prohibited by law or governmental regulation, shall
terminate any liability of the Company under this policy as to that claim.

	7.	OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY 

 In case of a claim under
this policy, the Company shall have the following additional options: 

	 	(a)	To Pay or Tender Payment of the Amount of Insurance. 

 To pay or tender payment of the Amount of
Insurance under this policy together with any costs, attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay.

 Upon the exercise by the Company of this option, all liability and obligations of the Company to the Insured under this policy, other than to
make the payment required in this subsection, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. 

	 	(b)	To Pay or Otherwise Settle With Parties Other Than the Insured or With the Insured Claimant. 

	 	(i)	To pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under this policy. In addition, the Company will pay any costs, attorneys’ fees, and expenses
incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay; or 

	 	(ii)	To pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with any costs, attorneys’ fees, and expenses incurred by the Insured Claimant that were authorized
by the Company up to the time of payment and that the Company is obligated to pay. 

 Upon the exercise by the Company of either of
the options provided for in subsections (b)(i) or (ii), the Company’s obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or
obligation to defend, prosecute, or continue any litigation. 

	8.	DETERMINATION AND EXTENT OF LIABILITY 

 This policy is a contract of indemnity against actual
monetary loss or damage sustained or incurred by the Insured Claimant who has suffered loss or damage by reason of matters insured against by this policy. 

	 	(a)	The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of 

	 	(i)	the Amount of Insurance; or 

	 	(ii)	the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by this policy. 

	 	(b)	If the Company pursues its rights under Section 5 of these Conditions and is unsuccessful in establishing the Title, as insured, 

	 	(i)	the Amount of Insurance shall be increased by 10%, and 

	 	(ii)	the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the Insured Claimant or as of the date it is settled and paid. 

	 	(c)	In addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys’ fees, and expenses incurred in accordance with Sections 5 and 7 of these Conditions.

 

  

					
	Form 5011412 (7-1-14)                	 	
Page 4 of 16                     
   
	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

 CONDITIONS (Continued)

	9.	LIMITATION OF LIABILITY 

	 	(a)	If the Company establishes the Title, or removes the alleged defect, lien, or encumbrance, or cures the lack of a right of access to or from the Land, or cures the claim of Unmarketable Title, all as insured, in a
reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured.

	 	(b)	In the event of any litigation, including litigation by the Company or with the Company’s consent, the Company shall have no liability for loss or damage until there has been a final determination by a court of
competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. 

	 	(c)	The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in settling any claim or suit without the prior written consent of the Company. 

	10.	REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY 

 All payments under this policy,
except payments made for costs, attorneys’ fees, and expenses, shall reduce the Amount of Insurance by the amount of the payment. 

	11.	LIABILITY NONCUMULATIVE 

 The Amount of Insurance shall be reduced by any amount the Company
pays under any policy insuring a Mortgage to which exception is taken in Schedule B or to which the Insured has agreed, assumed, or taken subject, or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title,
and the amount so paid shall be deemed a payment to the Insured under this policy. 

	12.	PAYMENT OF LOSS 

 When liability and the extent of loss or damage have been definitely fixed in
accordance with these Conditions, the payment shall be made within 30 days. 

	13.	RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT 

	 	(a)	Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the rights of the Insured Claimant in the Title and all other rights and remedies in respect to the
claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys’ fees, and expenses paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to
evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise, or settle in the name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or
litigation involving these rights and remedies. 

 If a payment on account of a claim does not fully cover the loss of the Insured
Claimant, the Company shall defer the exercise of its right to recover until after the Insured Claimant shall have recovered its loss. 

	 	(b)	The Company’s right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of insurance, or bonds, notwithstanding any terms or conditions contained in those instruments that
address subrogation rights. 

	14.	ARBITRATION 

 Unless prohibited by applicable law, arbitration pursuant to the Title Insurance
Arbitration Rules of the American Arbitration Association may be demanded if agreed to by both the Company and the Insured at the time of a controversy or claim. Arbitrable matters may include, but are not limited to, any controversy or claim
between the Company and the Insured arising out of or relating to this policy, and service of the

 Company in connection with its issuance or the breach of a policy provision or other obligation. effect
on the date the demand for arbitration is made, or, at the option of the Insured, the rules in effect at Date of Policy shall be binding upon the parties. The award may include attorneys’ fees only if the laws of the state in which the Land is
located permit a court to award attorneys’ fees to a prevailing party. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court having jurisdiction thereof. 

The law of the situs of the land shall apply to an arbitration under the Title Insurance Arbitration Rules. 

A copy of the Rules may be obtained from the Company upon request. 

	15.	LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT 

	 	(a)	This policy together with all endorsements, if any, attached to it by the Company is the entire policy and contract between the Insured and the Company. In interpreting any provision of this policy, this policy shall be
construed as a whole. 

	 	(b)	Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim whether or not based on negligence shall be restricted to this policy. 

	 	(c)	Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly incorporated by Schedule A of this policy. 

	 	(d)	Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and provisions. Except as the endorsement expressly states, it does not (i) modify any of the
terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy, or (iv) increase the Amount of Insurance. 

	16.	SEVERABILITY 

 In the event any provision of this policy, in whole or in part, is held invalid
or unenforceable under applicable law, the policy shall be deemed not to include that provision or such part held to be invalid, but all other provisions shall remain in full force and effect. 

	17.	CHOICE OF LAW; FORUM 

	 	(a)	Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefor in reliance upon the law affecting interests in real property and
applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located. 

Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against
the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law. 

	 	(b)	Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or federal court within the United States of America or its territories having appropriate
jurisdiction. 

	18.	NOTICES, WHERE SENT 

 Any notice of claim and any other notice or statement in writing required
to be given to the Company under this policy must be given to the Company at First American  
 Title Insurance Company, Attn: Claims
National Intake Center, 1 First American Way, Santa Ana, California 92707. Phone: 888-632-1642

 

  

					
	Form 5011412 (7-1-14)                	 	
Page 5 of 16                     
   
	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

			
	 

            
  

Schedule A
	  	 Owner’s Policy of Title
Insurance
  
 ISSUED BY

 
   First American Title Insurance Company

 
  POLICY NUMBER

5011412-762885-14

 Name and Address of Title Insurance Company: 

FIRST AMERICAN TITLE INSURANCE COMPANY, 1 First American Way, Santa 
 Ana,
California 92707 
 File No.:
NCS-762885-14-SA1 
 Address Reference: 495
North Keller Road, Maitland, FL 32751 
 Amount of Insurance: $40,225,000
                                         
                       Premium: $___________________ 

Date of Policy: Date of Recording at Time of Recording 
  

	1.	 Name of Insured: 

Keppel-KBS Maitland Promenade, Inc., a Delaware corporation 

 

	2.	 The estate or interest in the Land that is insured by this policy is: 

Fee Simple as to Parcels I and II 

Easement as to Parcels III and IV 
  

	3.	 Title is vested in: 

Keppel-KBS Maitland Promenade, Inc., a Delaware corporation 

 

	4.	 The Land referred to in this policy is described as follows: 

See Exhibit “A” attached hereto and made a part hereof 

By: 
       Authorized
Countersignature 
   (This Schedule A valid only when Schedule B is attached) 

  

					
	Form 5011412 (7-1-14)                	 	
Page 6 of 16                     
   
	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

			
	 

            
 Exhibit A
	  	  

ISSUED BY
 First American Title Insurance Company

 POLICY NUMBER

5011412-762885-14

 File No.:
NCS-762885-14-SA1 
 The land referred to
herein below is situated in the County of Orange, State of FL, and described as follows: 
 PARCEL I: 

LOT 2, MAITLAND PROMENADE, A SUBDIVISION ACCORDING TO THE PLAT THEREOF AS RECORDED IN PLAT BOOK 47, PAGES 14 AND 15, PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA. 

LESS AND EXCEPT: 
 THAT PORTION DEEDED TO THE STATE OF FLORIDA DEPARTMENT OF
TRANSPORTATION BY WARRANTY DEED, RECORDED JULY 24, 2013 IN OFFICIAL RECORDS BOOK 10606, PAGE 1869, PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA. 
 PARCEL II: 

A PORTION OF LOTS 91 AND 92, WILLIS R. MUNGER’S SUBDIVISION, IN SECTION 27, TOWNSHIP 21 SOUTH, RANGE 29 EAST, ACCORDING TO THE PLAT THEREOF AS, RECORDED IN PLAT
BOOK E, PAGE 7 OF THE PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA, BEING THE PARCEL DESCRIBED AS FDOT RIGHT-OF-WAY, AS CONTAINED IN THAT CERTAIN WARRANTY DEED, RECORDED IN
OFFICIAL RECORDS BOOK 3583, PAGE 1264; BEING MORE PARTICULARLY DESCRIBED AS FOLLOWS: 
 COMMENCE AT THE NORTHEAST CORNER OF THE NORTHWEST
 1⁄4 OF THE SOUTHEAST  1⁄4 OF SAID SECTION 27; RUN SOUTH
00o10’13” EAST ALONG THE EAST LINE OF SAID NORTHWEST  1⁄4 OF THE SOUTHEAST  1⁄4, A DISTANCE OF 657.89 FEET TO THE POINT OF BEGINNING, BEING THE NORTHEAST CORNER OF LANDS AS DESCRIBED IN THAT CERTAIN WARRANTY DEED, RECORDED IN OFFICIAL RECORDS BOOK 3583, PAGE 1264, OF THE PUBLIC RECORDS OF
ORANGE COUNTY, FLORIDA; THENCE CONTINUE ALONG THE EAST LINE OF SAID NORTHWEST  1⁄4 OF THE SOUTHEAST  1⁄4 RUN SOUTH 00o10’13” EAST, A DISTANCE OF 101.23 FEET; THENCE SOUTH 89o49’48” WEST, A DISTANCE OF 50.00 FEET; THENCE NORTH 00o10’12” WEST, A DISTANCE OF 41 .04 FEET;
THENCE SOUTH 89o36’36” WEST, A DISTANCE OF 341.34 FEET; THENCE NORTH 00o10’12” WEST, A DISTANCE OF 60.00 FEET: THENCE NORTH 89o36’36” EAST, A DISTANCE OF 391.34 FEET TO THE POINT OF BEGINNING. 

LESS AND EXCEPT: 
 ANY PORTION THEREOF CONVEYED TO THE CITY OF MAITLAND, FLORIDA, BY
VIRTUE OF THAT CERTAIN SPECIAL WARRANTY DEED, RECORDED IN OFFICIAL RECORDS BOOK 7710, PAGE 2471, PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA. 
 ALSO LESS AND EXCEPT:

 ANY PORTION THEREOF CONVEYED TO THE STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION BY VIRTUE OF THAT CERTAIN WARRANTY DEED, RECORDED IN OFFICIAL RECORDS BOOK 10606,
PAGE 1869, PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA. 
 PARCEL III: 
 EASEMENT
RIGHTS, AS CONTAINED IN THAT CERTAIN CROSS-ACCESS AGREEMENT EXECUTED BY THE CITY OF MAITLAND AND CONCOURSE AT MAITLAND ASSOCIATES, A FLORIDA GENERAL PARTNERSHIP, DATED NOVEMBER 27, 1989, APPROVED BY THAT CERTAIN RESOLUTION NO. 19-89 OF THE CITY OF MAITLAND , RECORDED IN OFFICIAL RECORDS BOOK 4153, PAGE 4589; AS AFFECTED BY THAT CERTAIN FIRST AMENDMENT TO CROSS EASEMENT AGREEMENT DATED AUGUST 27, 1998, APPROVED BY RESOLUTION NO. 9-98 BY THE CITY OF MAITLAND, RECORDED 

  

					
	Form 5011412 (7-1-14)                	 	Page 7 of 16                        	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

 IN OFFICIAL RECORDS BOOK 5571, PAGE 881, ALL OF THE PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA. 

PARCEL IV: 
 EASEMENT RIGHTS, AS CONTAINED IN THAT CERTAIN DECLARATION OF EASEMENTS
BY OPUS SOUTH CORPORATION, A FLORIDA CORPORATION, RECORDED IN OFFICIAL RECORDS BOOK 6070, PAGE 1202; AS AFFECTED BY THAT CERTAIN FIRST AMENDMENT TO DECLARATION OF EASEMENTS, RECORDED IN OFFICIAL RECORDS BOOK 6132, PAGE 3965; AS FURTHER AFFECTED BY
THAT CERTAIN SECOND AMENDMENT TO DECLARATION OF EASEMENTS, RECORDED IN OFFICIAL RECORDS BOOK 8242, PAGE 1157; AS FURTHER AFFECTED BY THAT CERTAIN THIRD AMENDMENT TO DECLARATION OF EASEMENTS, RECORDED IN OFFICIAL RECORDS BOOK 9842, PAGE 9303; ALL OF
THE PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA. 

  

					
	Form 5011412 (7-1-14)                	 	Page 8 of 16                        	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

			
	 

            
 Schedule B
	  	 Owner’s Policy of Title
Insurance
  
 ISSUED BY

 
   First American Title Insurance Company

 POLICY NUMBER

5011412-762885-14

 File No.:
NCS-762885-14-SA1 

EXCEPTIONS FROM COVERAGE 
 This policy does not insure
against loss or damage and the Company will not pay costs, attorneys’ fees, or expenses that arise by reason of: 
  

	1.	This item has been intentionally deleted. 

  

	2.	The lien of the taxes for the year 2017 and all subsequent years, which are not yet due and payable. 

  

	3.	This item has been intentionally deleted. 

  

	4.	Matters shown on the Plat of Maitland Promenade, recorded in Plat Book 47, Page 14; as affected by that certain Subordination of City Utility Interests recorded in Official Records Book 10312, Page 769.

  

	5.	Reservations unto the State of Florida for oil, gas, minerals, fissionable materials as contained in Deed recorded in Deed Book 730, Page 113. Note: The right of entry and exploration has been released pursuant to Sec.
270.11, F.S. 

  

	6.	Cooperation Agreement between City of Maitland, Florida, a municipal corporation and Harbert Properties Corporation, an Alabama corporation recorded in Official Records Book 3666, Page 1139; as affected by that certain
Resolution No. 21-93 recorded in Official Records Book 4663, Page 4578; as further affected by that certain Resolution No. 10-98 recorded in Official Records
Book 5571, Page 875. 

  

	7.	The terms, provisions and conditions contained in that certain Resolution No. 19-89 by the City of Maitland, Florida recorded in Official Records Book 4153, Page 4589; as
affected by that certain Resolution No. 9-98 recorded in Official Records Book 5571, Page 881. 

  

	8.	St. Johns River Water Management District Operation and Maintenance Agreement recorded in Official Records Book 4273, Page 3712. (Affects Parcels I and IV) 

 

	9.	Distribution Easement granted to Florida Power Corporation by instrument recorded in Official Records Book 5692, Page 4785; as affected by that certain Subordination of Utility Interests recorded in Official Records
Book 10492, Page 1342. 

  

	10.	Declaration of Easements by Opus South Corporation, a Florida corporation, recorded in Official Records Book 6070, Page 1202; as affected by that certain First Amendment to Declaration of Easements recorded in Official
Records Book 6132, Page 3965; as further affected by that certain Second Amendment to Declaration of Easements recorded in Official Records Book 8242, Page 1157; as further affected by that certain Third Amendment to Declaration of Easements
recorded in Official Records Book 9842, Page 9303. 

  

					
	Form 5011412 (7-1-14)                	 	Page 9 of 16                        	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

	11.	Drainage Easement Agreement between State of Florida, Department and Maitland Promenade Two, LLC, a Delaware corporation recorded in Official Records Book 6250, Page 2765 and Official Records Book 6261, Page 4835.
(Affects Parcels I, III and IV) 

  

	12.	Access Easement Agreement between Maitland Promenade II, L.L.C., a Delaware limited liability company and Sprint-Florida, incorporated, a Florida corporation recorded in Official Records Book 6286, Page 6235 and re-recorded in Official Records Book 6345, Page 5403; as affected by that certain Quitclaim Deed recorded in Official Records Book 10606, Page 1878. 

 

	13.	All of the terms and provisions set forth and contained in that certain unrecorded lease, by and between FDG Maitland Promenade LLC, a Delaware limited liability company, as Landlord, and Akerman, Senterfitt, and
Eidson, P.A., a Florida corporation, as Tenant, as evidenced by that certain Subordination, Non-Disturbance, and Attornment Agreement, recorded in Official Records Book 10319, Page 5261. 

 

	14.	Rights of ingress, egress, light, air and view in favor of the State of Florida Department of Transportation, as set forth in that certain Warranty Deed recorded in Official Records Book 10606, Page 1869.

  

	15.	All of the terms and provisions set forth and contained in that certain unrecorded lease, by and between FDG Maitland Promenade LLC, a Delaware limited liability company, as Landlord, and Centene Management Company,
LLC, a Wisconsin limited liability company, as Lessee, as evidenced by that certain Subordination, Non-Disturbance and Attornment Agreement, recorded in Official Records Book 10625, Page 3267.

  

	16.	Rights of tenants, as tenants only, with no rights of first refusal or options to purchase the property. 

  

	17.	The following matters disclosed by an ALTA/NSPS survey made by Bock & Clark Corporation on September 18, 2017 and last revised _______, 2017, designated Job No. 201703038, 005: 

A) Pedestrian access across the north boundary of the property as evidenced by a walk crossing said boundary. 

 

	18.	This item has been intentionally deleted. 

  

	19.	This item has been intentionally deleted. 

  

	20.	This item has been intentionally deleted. 

  

	21.	This item has been intentionally deleted. 

  

	22.	This item has been intentionally deleted. 

  

	23.	This item has been intentionally deleted. 

  

	24.	Any lien, or right to a lien, for services, labor or material theretofore or hereafter furnished, imposed by law and not shown by the public records. 

  

					
	Form 5011412 (7-1-14)                	 	Page 10 of 16                        	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

 

 
 FLORIDA CONTIGUITY 

ENDORSEMENT 
 Issued by 

First American Title Insurance Company 
 Attached to
Policy No.: 762885-14
                                         
           File No.: NCS-762885-14-SA1 

The Company insures the Insured herein against loss or damage by virtue of any inaccuracy in the following statement, to wit: 

Parcel I of the legal description and Parcel II of the legal description are contiguous to each other along the easterly and northerly line of Parcel 1 and westerly and
southerly line of Parcel 2, and, taken as a tract, constitute one Parcel of the land. 
 This endorsement is made a part of the policy and is subject to all of the
terms and provisions thereof and of prior endorsements thereto. Except to the extent expressly stated, it neither modifies any of the terms and provisions of the policy and any prior endorsements, nor does it extend the effective date of the policy
and any prior endorsements, nor does it increase the face amount thereof. 
 This endorsement shall not be valid or binding unless countersigned by a duly authorized
office or agent of the Company. 
 Date: 
  

			
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore
 President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

 By: 

Authorized Countersignature 

  

					
	
Form 50-11113 (11-1-14)                
	 	
Page 11 of 16                    
    
	  	Florida

 

			
	 

	  	

  

					
	Form 5011412 (7-1-14)                	 	
Page 11 of 16                    
    
	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

			
	 

	  	

  

 

 
 RESTRICTIONS, ENCROACHMENTS, MINERALS ENDORSEMENT - IMPROVED LAND - 

OWNER’S POLICY 
 (with Florida
Modifications) 
 Issued by 
 First
American Title Insurance Company 
  

			
	 Attached to Policy No.: 762885-14
	  	 File No.:
NCS-762885-14-SA1

 The insurance provided by this endorsement is subject to the Exclusions from Coverage, the Exceptions from Coverage contained in
Schedule B, and the Conditions in the policy. 
 The Company insures the Insured against loss or damage sustained by reason of: 

 

	  1.	The existence, at Date of Policy, of any of the following unless expressly excepted in Schedule B: 

	 	  (a)	Present violations on the Land of any enforceable covenants, conditions, or restrictions, or any existing improvements on the Land which violate any building setback lines shown on a plat of subdivision recorded or
filed in the Public Records. 

	 	  (b)	Any instrument referred to in Schedule B as containing covenants, conditions, or restrictions on the Land which, in addition, (i) establishes an easement on the Land; (ii) provides for an option to purchase, a
right of first refusal, or the prior approval of a future purchaser or occupant; or (iii) provides a right of re-entry, possibility of reverter, or right of forfeiture because of violations on the Land of
any enforceable covenants, conditions, or restrictions. 

	 	  (c)	Any encroachment of existing improvements located on the Land onto adjoining land, or any encroachment onto the Land of existing improvements located on adjoining land. 

	 	  (d)	Any encroachment of existing improvements located on the Land onto that portion of the Land subject to any easement excepted in Schedule B. 

	 	  (e)	Any notices of violation of covenants, conditions, or restrictions relating to environmental protection recorded or filed in the Public Records. 

 

	  2.	Damage to buildings existing at Date of Policy: 

	 	  (a)	Which are located on or encroach upon that portion of the Land subject to any easement excepted in Schedule B, which damage results from the exercise of the right to maintain the easement for the purpose for which it
was granted or reserved; 

	 	  (b)	Resulting from the future exercise of any right existing at Date of Policy to use the surface of the Land for the extraction or development of minerals excepted from the description of the Land or excepted in Schedule
B. 

  

	  3.	Any final court order or judgment requiring the removal from any land adjoining the Land of any encroachment, other than fences, landscaping, or driveways, excepted in Schedule B. 

 

	  4.	Any final court order or judgment denying the right to maintain any existing building on the Land because of any violation of covenants, conditions, or restrictions, or building setback lines shown on a plat of
subdivision recorded or filed in the Public Records at Date of Policy. 

 Wherever in this endorsement the words “covenants, conditions, or
restrictions” appear, they shall not be deemed to refer to or include the terms, covenants, conditions, or limitations contained in an instrument creating a lease. 

As used in paragraphs 1(a) and 4, the words “covenants, conditions, or restrictions” shall not be deemed to refer to or include any covenants, conditions or
limitations relating to environmental protection. 
 The failure to expressly except any matter delineated in paragraphs 1(a), (b) or (e) of this
endorsement constitutes the Company’s agreement to indemnify against actual monetary loss or damage resulting 

  

					
	Form 5011412 (7-1-14)                	 	
Page 12 of 16                    
    
	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

 from any matters delineated in paragraphs 1(a), (b) or (e) only and provides no coverage for any other matters set
forth in the covenants, conditions and restrictions. 
 This endorsement is made a part of the policy and is subject to all of the terms and provisions thereof and
any prior endorsements thereto. Except to the extent expressly stated, it neither modifies any of the terms and provisions of the policy and any prior endorsements, nor does it extend the effective date of the policy and any prior endorsements, nor
does it increase the face amount thereof. 
 This endorsement shall not be valid or binding unless countersigned by a duly authorized officer or agent of the Company.

 Date: 
 First
American Title Insurance Company 
  

			
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore
 President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

 By: 

Authorized Countersignature 
  

					
	Form 50-10973 (11-1-14)                	 	
Page 13 of 16                
	  	 ALTA 9.2-06 Restrictions, Encroachments, Minerals - Improved Land - Owner’s Policy (Rev. 6-17-06)
 Florida Modified (Rev.
12-1-13)

  
  

  

					
	Form 5011412 (7-1-14)                	 	
Page 13 of 16                
	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

 

 
 FLORIDA SURVEY ENDORSEMENT 

Issued by 
 First American Title
Insurance Company 
 Attached to Policy No.: 762885-14
                                    File No.: NCS-762885-14-SA1 
 The Company hereby acknowledges
the lands described in Schedule A are the same lands described in the survey prepared by Bock & Clark Corporation dated September 7, 2017 and last revised September 18, 2017, as Job
No. 201703038-5 however, the Company does not insure the accuracy or completeness of said survey. 
 This endorsement is
made a part of the policy and is subject to all of the terms and provisions thereof and of prior endorsements thereto. Except to the extent expressly stated, it neither modifies any of the terms and provisions of the policy and any prior
endorsements, nor does it extend the effective date of the policy and any prior endorsements, nor does it increase the face amount thereof. 
 This endorsement shall
not be valid or binding unless countersigned by a duly authorized officer or agent of the Company. 
 Date: 

First American Title Insurance Company 
  

			
		 	 /s/ Dennis J. Gilmore

		 	 Dennis J. Gilmore
 President

		
		 	 /s/ Jeffrey S. Robinson

		 	 Jeffrey S. Robinson

Secretary

 By: 

Authorized Countersignature 
  

					
	Form 50-11027(11-1-14)                	 	
Page 14 of 16                
	  	Florida

  

					
	Form 5011412 (7-1-14)                	 	
Page 14 of 16                    
    
	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

 

 
 Privacy Information 
 We Are Committed to
Safeguarding Customer Information 
 In order to better serve your needs now and in the future, we may ask you to provide us with certain
information. We understand that you may be concerned about what we will do with such information - particularly any personal or financial information. We agree that you have a right to know how we will utilize the personal information you provide to
us. Therefore, together with our subsidiaries we have adopted this Privacy Policy to govern the use and handling of your personal information. 

Applicability 
 This Privacy Policy governs our
use of the information that you provide to us. It does not govern the manner in which we may use information we have obtained from any other source, such as information obtained from a public record or from another person or entity. First American
has also adopted broader guidelines that govern our use of personal information regardless of its source. First American calls these guidelines its Fair Information Values. 

Types of Information 
 Depending upon which of
our services you are utilizing, the types of nonpublic personal information that we may collect include: 

	 	•	 	 Information we receive from you on applications, forms and in other communications to us, whether in writing, in person,
by telephone or any other means; 

	 	•	 	 Information about your transactions with us, our affiliated companies, or others; and 

	 	•	 	 Information we receive from a consumer reporting agency. 

Use of Information 
 We request information from
you for our own legitimate business purposes and not for the benefit of any nonaffiliated party. Therefore, we will not release your information to nonaffiliated parties except: (1) as necessary for us to provide the product or service you have
requested of us; or (2) as permitted by law. We may, however, store such information indefinitely, including the period after which any customer relationship has ceased. Such information may be used for any internal purpose, such as quality
control efforts or customer analysis. We may also provide all of the types of nonpublic personal information listed above to one or more of our affiliated companies. Such affiliated companies include financial service providers, such as title
insurers, property and casualty insurers, and trust and investment advisory companies, or companies involved in real estate services, such as appraisal companies, home warranty companies and escrow companies. Furthermore, we may also provide all the
information we collect, as described above, to companies that perform marketing services on our behalf, on behalf of our affiliated companies or to other financial institutions with whom we or our affiliated companies have joint marketing
agreements. 
 Former Customers 
 Even if you
are no longer our customer, our Privacy Policy will continue to apply to you. 
 Confidentiality and Security 

We will use our best efforts to ensure that no unauthorized parties have access to any of your information. We restrict access to nonpublic personal
information about you to those individuals and entities who need to know that information to provide products or services to you. We will use our best efforts to train and oversee our employees and agents to ensure that your information will be
handled responsibly and in accordance with this Privacy Policy and First American’s Fair Information Values. We currently maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic
personal information. 
 Information Obtained Through Our Web Site 

First American Financial Corporation is sensitive to privacy issues on the Internet. We believe it is important you know how we treat the information
about you we receive on the Internet. 
 In general, you can visit First American or its affiliates’ Web sites on the World Wide Web without
telling us who you are or revealing any information about yourself. Our Web servers collect the domain names, not the e-mail addresses, of visitors. This information is aggregated to measure the number of
visits, average time spent on the site, pages viewed and similar information. First American uses this information to measure the use of our site and to develop ideas to improve the content of our site. There are times, however, when we may need
information from you, such as your name and email address. When information is needed, we will use our best efforts to let you know at the time of collection how we will use the personal information. Usually, the personal information we collect is
used only by us to respond to your inquiry, process an order or allow you to access specific account/profile information. If you choose to share any personal information with us, we will only use it in accordance with the policies outlined above.

 Business Relationships 
 First American
Financial Corporation’s site and its affiliates’ sites may contain links to other Web sites. While we try to link only to sites that share our high standards and respect for privacy, we are not responsible for the content or the privacy
practices employed by other sites. 
 Cookies 

Some of First American’s Web sites may make use of “cookie” technology to measure site activity and to customize information to your
personal tastes. A cookie is an element of data that a Web site can send to your browser, which may then store the cookie on your hard drive. 
 FirstAm.com uses stored cookies. The goal of this technology is to better serve you when visiting our site, save you time when you are here and to provide you
with a more meaningful and productive Web site experience. 

--------------------------------------------------------------------------------------   

Fair Information Values 
 Fairness We
consider consumer expectations about their privacy in all our businesses. We only offer products and services that assure a favorable balance between consumer benefits and consumer privacy. 

Public Record We believe that an open public record creates significant value for society, enhances consumer choice and creates consumer
opportunity. We actively support an open public record and emphasize its importance and contribution to our economy. 
 Use We believe we should
behave responsibly when we use information about a consumer in our business. We will obey the laws governing the collection, use and dissemination of data. 

Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and disseminate. Where possible, we will take
reasonable steps to correct inaccurate information. When, as with the public record, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer
can secure the required corrections. 
 Education We endeavor to educate the users of our products and services, our employees and others in our
industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our industry to collect and use information in a
responsible manner. 
 Security We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of the data we
maintain. 
  

					
	 Form 50-PRIVACY (9/1/10)
	  	Page 1 of 1	  	Privacy Information (2001-2010 First American Financial Corporation)

  

					
	Form 5011412 (7-1-14)                	 	
Page 15 of 16                    
    
	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

			
	 

	  	

  

 Note: All of the recording information contained herein refers to the Public Records of Orange County, Florida, unless
otherwise indicated. Any reference herein to a Book and Page is a reference to the Official Record Books of said county, unless indicated to the contrary. 

Notices - Where Sent 
 All notices required to be given
the Company and any statement in writing required to be furnished the Company shall include the number of this policy and shall be addressed to the Company, Attention: Claims Department, 1 First American Way, Santa Ana, CA 92707. 

Service, Quality and Availability 
 First American Title
Insurance Company cares about its customers and their ability to obtain information and service on a convenient, timely and accurate basis. A qualified staff of service representatives is dedicated to serving you. A toll-free number is available for
your convenience in obtaining information about coverage and to provide assistance in resolving complaints at 1-800-854-3643.
Office hours are from 8:30 a.m. through 5:30 p.m. Monday through Friday. 

  

					
	Form 5011412 (7-1-14)                	 	
Page 16 of 16                    
    
	  	ALTA Owner’s Policy of Title Insurance (6-17-06) (with Florida modifications)

  

			
	 

	  	

 SCHEDULE 9 

BOXED SECTIONS OF THE PRELIMINARY PROSPECTUS AND THE PROSPECTUS 

  
 181 

 favourable terms or at all. If Keppel-KBS US REIT
is not able to fund such capital expenditures, the attractiveness, marketability and operating efficiency of the Properties may be adversely affected. 

Certain of the Properties are subject to non-compete clauses in favour of the tenants. 

Certain lease agreements in relation to the Properties contain non-compete clauses which prevent
the landlord from leasing premises to tenants which are in competition with existing tenants without the existing tenants consent. This limitation may cause competing properties to be more successful in attracting and retaining tenants. This may
reduce the income from the Properties, thereby adversely affecting the amount of funds available for distribution to Unitholders. 

Although the Manager is not aware of the abovementioned risks at the Properties having resulted in a material adverse impact on the
relevant vendor’s financials and/or operations, there is no assurance that the business, financial condition, results of operations and prospects of Keppel-KBS US REIT will not be adversely affected
arising from the abovementioned risks materialising at the relevant Properties. 
 Keppel-KBS US REIT will
be bound by existing restrictions and conditions in favour of the tenants. 
 A number of the tenancies in certain Properties
contain restrictions and conditions from the existing landlord to the tenant which Keppel-KBS US REIT or its related entities would be required to honour or comply. 

 

For example, Bellevue Technology Center, which consists of nine buildings built upon six lots of land,
is governed by a Declaration of Restrictive Covenants, Conditions, Restrictions, Reservations and Easements for Unigard Park (the “CC&Rs”). The CC&Rs provide for generally standard restrictions and conditions for Bellevue
Technology Center which include among others, restrictions on the use of Bellevue Technology Center by any other insurance company other than Unigard Insurance Company so long as Unigard Insurance Company owns any lot of land or is a lessee of any
portion of a lot of land. 
 As at the date of this Prospectus, Unigard Insurance Company is a tenant of Bellevue
Technology Center occupying Suite 100 of Building E and as such, in accordance with the CC&Rs, no other insurance company can be a tenant of Bellevue Technology Center. 

As the CC&Rs restrict insurance companies as part of the pool of potential tenants for
Bellevue Technology Center, this may adversely affect Keppel-KBS US REIT’s revenue and results of operations. Other similar restrictions and conditions in existing tenancies may likewise adversely affect Keppel-KBS US REIT’s revenue and results of operations. 

Keppel-KBS US REIT may not be able to put in place or maintain adequate insurance in relation to the
Properties and its potential liabilities to third parties or may suffer material losses in excess of insurance proceeds. 
 The
Properties face the risk of suffering physical damage caused by fire, terrorism, acts of God such as natural disasters like earthquakes or other causes, as well as potential public liability claims, including claims arising from the operations of
the Properties. Certain risks, such as floods and losses caused by the outbreak of contagious diseases, contamination or other environmental impairment, may be uninsurable or the cost of insurance may be prohibitive when compared to the risk.
Currently, Keppel-KBS US REIT’s property and casualty insurance policies for the Properties do not cover acts of war, intentional or dishonest acts, nuclear reaction or radio-active contamination,
asbestos contamination or other long-term environmental impairments. Keppel-KBS US REIT may also not have any insurance designed to limit any losses it may incur as a 

  
 72 

	 	•	 	 the adverse impact on the operations at the affected Property which may in turn adversely affect the revenue of Keppel-KBS US REIT; and 
	 

  

	 	•	 	 the adverse impact on the value of the affected Property. 

 

Further, asbestos-containing materials have been found on the premises of 1800 West Loop South and The
Plaza Buildings. 
 Under the various United States federal and state environmental laws, building owners have an
obligation to ensure that exposure of a person at the workplace to airborne asbestos should be eliminated so far as is reasonably practicable, and if it not reasonably practicable to eliminate exposure to airborne asbestos, exposure should be
minimised so far as is reasonably practicable. 
 Keppel-KBS US REIT will
seek to be compliant with the relevant regulations in relation to management of asbestos in the buildings. Keppel-KBS US REIT is currently in compliance with the relevant regulations in relation to management
of asbestos in 1800 West Loop South. An Asbestos Operations and Maintenance Programme is currently in place to manage the asbestos at 1800 West Loop South. If Keppel-KBS US REIT removes the asbestos or
renovates or demolishes the buildings, certain environmental regulations govern the manner in which the asbestos must be handled and removed, and Keppel-KBS US REIT could incur substantial costs complying with
such regulations. Keppel-KBS US REIT is unable to quantify such costs, which may vary if the relevant environmental regulations change. Keppel-KBS US REIT currently has
no plans to remove the asbestos or renovate or demolish the relevant buildings. 
 The Plaza
Buildings is in compliance with the relevant regulations. The Plaza Buildings has also implemented an asbestos remediation plan to direct how asbestos-containing materials will be handled if they are actually encountered as part of future
improvements. However, no friable asbestos-containing materials were found in the building. Rather, the asbestos remediation plan was recommended as part of the environmental review process purely due to the age of the building. 

In addition, Keppel-KBS US REIT may be required to make capital expenditures to comply with
these environmental laws. The discharge, release or disposal of air or water pollutants without a valid permit or the improper use, storage or handling of hazardous or toxic materials or substances may expose
Keppel-KBS US REIT to liability or materially adversely affect its ability to sell or lease a Property or to borrow using a Property as collateral. Accordingly, in such cases,
Keppel-KBS US REIT risks enforcement by environmental authorities and may be required to incur unbudgeted capital expenditures to remedy such issue and the financial position of tenants which are in violation
may be adversely impacted, affecting their ability to conduct business and to meet their tenancy obligations. 
 Keppel-KBS US REIT may not have any insurance designated to limit any losses that it may incur as a result of known or unknown environmental conditions. While Keppel-KBS US
REIT does not believe that there are environmental conditions at any of the Properties that will materially and adversely affect it and the Manager is not aware of any such environmental condition, there can be no assurance that environmental
conditions present at the Properties, now or in the future, or costs they may be required to incur in the future to address environmental contamination will not materially and adversely affect it. 

In general, a seller’s representation as to asbestos is not normally obtained in the United States. The scope of a seller’s
representations and warranties in commercial real estate transactions in the United States is a point of negotiation. However, in general, most sellers in the United States will not agree to make a representation to a buyer with respect to asbestos,
or the absence thereof. The general understanding between buyers and sellers is that it is a matter for the buyer’s due diligence, and that no adjustments to the purchase price will be made due to the presence of 

  
 74 

 asbestos in the buildings in the IPO Portfolio. in the United States, a property owner is
typically required to disclose its knowledge of the presence of asbestos in a building, but the property owner is generally not required to take remedial action unless the asbestos has become “friable” (i.e., released into the air).
Asbestos used in building materials in the United States does not typically become friable unless it is disturbed, as in the case where a building is being remodelled, and in such circumstances the property owner is only required to remediate the
specific areas/materials in which asbestos has become friable. This means that, for example, if a property owner were renovating one storey of a building, it would be required to remediate any asbestos present on that particular storey, but would
not be required to address asbestos present in other storeys of the building that are not the subject of such renovation. As a result, asbestos can remain present (in unfriable form) in a building for many years without issue; it is only when the
property owner commences a renovation or otherwise causes the asbestos to become friable that the property owner is required to take remedial action. A property owner will typically factor the remediation of asbestos into the budgeting for any
renovation or remodelling. In addition, buildings which were constructed before 1981 and in which asbestos-containing materials are detected must implement an “asbestos remediation plan” to direct how asbestos-containing materials will be
handled if they are encountered in the course of future improvements, but the owner is not typically required to take affirmative remediation steps unless and until asbestos-containing materials are actually encountered during the course of such
improvements. The presence of asbestos is not uncommon in older buildings and in general would not prevent or delay the sale of a building. 

Inquiries about indoor air quality may necessitate special investigation and, depending on the results, remediation beyond Keppel-KBS US REIT’s regular indoor air quality maintenance programs. Indoor air quality issues can stem from inadequate ventilation, chemical contaminants from indoor or outdoor sources, and biological
contaminants such as moulds, pollen, viruses and bacteria. Indoor exposure to chemical or biological contaminants above certain levels can be alleged to be connected to allergic reactions or other health effects and symptoms in susceptible
individuals. If these conditions were to occur at one of the Properties, it may need to undertake a targeted remediation program, including without limitation, steps to increase indoor ventilation rates and eliminate sources of contaminants. Such
remediation programs could be costly, necessitate the temporary relocation of some or all of the Property’s tenants or require rehabilitation of the affected Property. 

The current political debate about climate change has resulted in various treaties, laws and regulations which are intended to limit
carbon emissions. Such laws being enacted or proposed may cause energy costs at the Properties to increase in the future. Laws enacted to mitigate climate change may make some of the Properties obsolete, require or cause Keppel-KBS US REIT to make material investments in its properties which could materially and adversely affect Keppel-KBS US REIT’s financial condition and results of
operations. 
  

Some of the Properties may be exposed to potential liability arising from their non-compliance with the relevant local zoning regulations in the US. 

It is customary for institutional buyers of commercial real estate in the US to procure
athird-party company to prepare a zoning report to determine whether a property is in compliance with local zoning standards. In connection therewith, the Manager has engaged athird-party consultant that specialises in zoning due diligence to
prepare the zoning reports. Based on the zoning reports received for the Properties, some of the Properties do not comply with the relevant local zoning regulations with regards to matters including, among others, building set-back lines, building height limitations, floor area ratio and parking stall formula. For example, the Northridge Center is non-confirming as to parking set-backs, with approximately 35 parking stalls constructed too close to the property boundary. The city of Sandy Springs has confirmed that it currently has no plans to enforce the
set-back requirements or to require that the encroaching spaces be removed. However, these parking stalls would likely need to be removed if the city of Sandy Springs 

  
 75 

 
chooses to enforce the set-back requirements in the future. The
Property would still be in compliance with zoning requirements if such parking stalls were removed. Due to changes in local zoning requirements, Powers Ferry, West Loop I & II and The Plaza Buildings, which were built in compliance with
then-applicable zoning requirements, do not comply with the current relevant local zoning regulations. If such Properties sustain a casualty and the cost of repair does not exceed a specified threshold, the relevant building can be rebuilt as-is. However, if the cost of repair exceeds the specified threshold, Keppel-KBS US REIT would need to rebuild the building in conformance with the then-existing zoning
requirements, or seek a variance from the relevant zoning authority to rebuild the building as-is. If such variance is not granted, the building would need to be rebuilt in compliance with current zoning
regulations. (See “Overview of Relevant Laws and Regulations in the US – Relevant Laws and Regulations in the United States – Land Use (Zoning) and Building Controls”.) As of the date of this Prospectus, the Manager believes that
the non-confirming status of each of Northridge Center I & II, Powers Ferry, West Loop I & II and The Plaza Buildings would not have a significant adverse impact on Keppel-KBS US REIT. 
 Notwithstanding that the zoning reports do not recommend Keppel-KBS US REIT to take any remedial action to rectify the non-compliance, there is no assurance that the relevant authorities will not require Keppel-KBS US REIT to remedy the situation. In the event that Keppel-KBS US REIT is required to ensure Properties comply with the relevant local zoning regulations, additional
expenses might be incurred and this may have an adverse effect on the business, financial condition, results of operations and/or prospects of Keppel-KBS US REIT and its ability to make distributions to the
Unitholders. 
 Consistent with commercial real estate practices in the United States, Keppel-KBS US REIT will obtain a title insurance policy for each property in the IPO Portfolio which will insure Keppel-KBS US REIT against certain risks related to title of
the properties (and against violations of certain zoning requirements applicable to the Properties, for example issuing an endorsement providing coverage regarding (i) the zoning classification of the Property and (ii) the types of uses
allowed under such classification, save for Properties located in Texas, as such zoning endorsements are unavailable in Texas) for 100% of the relevant Property’s purchase price. (See “Overview of Relevant Laws and Regulations in the
United States – Relevant Laws and Regulations in the United States – Recording and Title Insurance”.) However, Keppel-KBS US REIT may not have recourse under the title insurance policies for all
losses or liabilities which it might suffer or incur in connection with the Properties. (See “Risk Factors – Risks relating to the Properties – The representations, warranties and indemnities granted in favour of Keppel-KBS US REIT by the vendors of the Properties are subject to limitations as to their scope, amount and timing of claims which can be made thereunder”.) 

Occurrence of any acts of God, natural disasters, war and terrorist attacks may adversely and materially affect the business and operations of the
Properties. 
 Acts of God, such as natural disasters like earthquakes, floods, war and terrorist attacks are beyond the control
of Keppel-KBS US REIT or the Manager. These may materially and adversely affect the economy, infrastructure and livelihood of the local population. Keppel-KBS US
REIT’s business and income available for distribution may be adversely affected should such acts of God, war or terrorist attacks occur. 

Keppel-KBS US REIT may have significant investments in large metropolitan markets that have been
or may be in the future the targets of actual or threatened terrorist attacks, including Washington, California, Colorado, Texas, Georgia and Florida. As a result, some tenants in these markets may choose to relocate their businesses to other
markets or to lower-profile office buildings within these markets that may be perceived to be less likely targets of future terrorist activity. This could result in an overall decrease in the demand for office space in these markets generally or in
the Properties in particular, which could increase vacancies in the Properties or necessitate that the Properties are leased on less favourable terms or both. In addition, future 

  
 76 

 IN WITNESS whereof this Agreement has been entered into on the date stated at the beginning. 

The Manager 
 KEPPEL-KBS US REIT
MANAGEMENT PTE. LTD. 
  

			
	 By:
	 	 /s/ David Snyder

		
	 Name:
	 	David Snyder
		
	 Title:
	 	CEO

  
  
  

Keppel-KBS US REIT – Underwriting Agreement 

 KPA 
 KBS PACIFIC ADVISORS PTE. LTD.

  

			
	 By:
	 	 /s/ RAHUL RANA

		
	 Name:
	 	 RAHUL RANA

		
	 Title:
	 	 Director

  
  
  

Keppel-KBS US REIT – Underwriting Agreement 

 KC 
 KEPPEL CAPITAL HOLDINGS PTE LTD

  

			
	 By:
	 	 /s/ PAUL THAM

	 Name:
	 	 PAUL THAM

	 Title:
	 	 Authorised Signatory

  
  
  

Keppel-KBS US REIT – Underwriting Agreement 

 KPA Guarantor  

GKP HOLDING LLC 
  

			
	 By:
	 	 /s/ Peter McMillan

		
	 Name:
	 	 Peter McMillan

		
	 Title:
	 	 Managing Partner

  
  

Keppel-KBS US REIT – Underwriting Agreement 

 KBS SORP 
 KBS SOR PROPERTIES LLC

  

			
	 By:
	 	 /s/ Jeffrey Waldvogel

		
	 Name:
	 	 Jeffrey Waldvogel

		
	 Title:
	 	 Chief Financial Officer

  
  

Keppel-KBS US REIT – Underwriting Agreement 

 KCIH 
 KEPPEL CAPITAL INVESTMENT
HOLDINGS PTE. LTD. 
  

			
	 By:
	 	 /s/ PAUL THAM

		
	 Name:
	 	 PAUL THAM

		
	 Title:
	 	 Director

  
  

Keppel-KBS US REIT – Underwriting Agreement 

 The Sole Financial Adviser and Issuer Manager and Joint Bookrunner and Underwriter  

DBS BANK LTD. 
  

			
	 By:
	 	 /s/ Tan Jeh Wuan

		
	 Name:
	 	 Tan Jeh Wuan

		
	 Title:
	 	 Managing Director and Head,
  

Capital Markets-Singapore

  
  

Keppel-KBS US REIT – Underwriting Agreement 

 The Joint Bookrunner and Underwriter 

MERRILL LYNCH (SINGAPORE) PTE. LTD. 
  

			
	 By:
	 	 /s/ Siah Geok Wah

		
	 Name:
	 	 Siah Geok Wah

		
	 Title:
	 	 Managing Director

  
  

Keppel-KBS US REIT – Underwriting Agreement 

 The Joint Bookrunner and Underwriter 

CITIGROUP GLOBAL MARKETS SINGAPORE PTE. LTD. 
  

			
	 By:
	 	 /s/ Jonathan Quek

	 Name:
	 	 Jonathan Quek

	 Title:
	 	 Managing Director

		 	 Co-Head—Asia Pacific

		 	 Real Estate and Lodging

Head—Singapore
 Investment Banking

  
  

Keppel-KBS US REIT – Underwriting Agreement 

 The Joint Bookrunner and Underwriter 

CREDIT SUISSE (SINGAPORE) LIMITED 
  

			
	 By:
	 	 /s/ Felicity Chan

	 Name:
	 	 Felicity Chan

	 Title:
	 	 Director

  

			
	 By:
	 	 /s/ Adrian Yeo

	 Name:
	 	 Adrian Yeo

	 Title:
	 	 Director General Counsel Division

  
 Keppel-KBS US REIT –
Underwriting Agreement

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