Document:

Deed of Trust (related to Bridgeway Technology Center in Newark, CA)

 Exhibit 10.138 
 STATE OF CALIFORNIA 
 COUNTY OF ALAMEDA 
 Recording
requested by: 
 And when recorded mail to: 
 Otten, Johnson,
Robinson, 
 Neff & Ragonetti, P.C. 
 950
Seventeenth Street 
 Suite 1600 
 Denver, Colorado 80202

 Attention: Kristin K. McCandless, Esq. 
 DEED OF TRUST, SECURITY AGREEMENT, FIXTURE FILING, FINANCING 
 STATEMENT AND ASSIGNMENT OF LEASES AND RENTS

  

			
	TRUSTOR:	  	KBS BRIDGEWAY TECHNOLOGY CENTER, LLC, a Delaware
		  	limited liability company
		  	c/o KBS Capital Advisors LLC
		  	620 Newport Center Drive, Suite 1300
		  	Newport Beach, California 92660
		
	BENEFICIARY:	  	MERIT LIFE INSURANCE COMPANY, an Indiana corporation
		  	c/o AIG Global Investment Corp.
		  	1 SunAmerica Center, 38th Floor
		  	Century City
		  	Los Angeles, California 90067-6022
		  	Attention: Director-Mortgage Lending and Real Estate
		
	TRUSTEE:	  	CHICAGO TITLE INSURANCE COMPANY, a California corporation
		  	16969 Von Karman Avenue
		  	Suite 200
		  	Irvine, California 92606
		
	AMOUNT SECURED:	  	$26,824,391.00
		
	GOVERNING LAW:	  	CALIFORNIA

 DEED OF TRUST, SECURITY AGREEMENT, FIXTURE FILING, FINANCING 
 STATEMENT AND ASSIGNMENT OF LEASES AND RENTS 
 THIS DEED OF TRUST, SECURITY AGREEMENT, FIXTURE FILING, FINANCING STATEMENT AND ASSIGNMENT OF LEASES AND RENTS (this “Deed of Trust”) is given as of July 16, 2007, by KBS BRIDGEWAY TECHNOLOGY
CENTER, LLC, a Delaware limited liability company (“Trustor”), to CHICAGO TITLE INSURANCE COMPANY (“Trustee”), for the use and benefit of MERIT LIFE INSURANCE COMPANY, an Indiana corporation (“Beneficiary”). 

ARTICLE 1 
 PARTIES,
PROPERTY, AND DEFINITIONS 
 The following terms and references shall have the meanings indicated: 
 1.1 Beneficiary: The Beneficiary named in the introductory paragraph of this Deed of Trust, whose legal address is c/o AIG Global
Investment Corp., 1 SunAmerica Center, 38th Floor, Century City, Los Angeles, California 90067-6022, together with any future holder of the Note. 
 1.2 Chattels: All goods, fixtures, inventory, equipment, building and other materials, supplies, and other tangible personal property of every nature, whether now owned or hereafter acquired by Trustor, used,
intended for use, or reasonably required in the construction, development, or operation of the Property, together with all accessions thereto, replacements and substitutions therefor, and proceeds thereof. 
 1.3 Default: Any matter which, with the giving of notice, passage of time, or both, would constitute an Event of Default. 
 1.4 Environmental Assessment: The Phase I Environmental Site Assessment dated June 26, 2007 prepared by Environ International
Corporation for the benefit of Beneficiary. 
 1.5 Environmental Claims: Any and all administrative, regulatory or judicial actions,
suits, demands, demand letters, claims, liens, notices of non-compliance or violation, investigations or proceedings relating in any way to any Environmental Law (hereafter “Claims”) or any permit issued under any such Environmental Law,
including without limitation (a) any and all Claims by governmental or regulatory authorities for enforcement, cleanup, removal, response, remedial or other actions or damages pursuant to any applicable Environmental Law, and (b) any and
all Claims by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting from Hazardous Substances or arising from alleged injury or threat of injury to health, safety or the
environment. 
 1.6 Environmental Law: Any federal, state or local law, whether common law, court or administrative decision, statute,
rule, regulation, ordinance, court order or decree, or 

 
administrative order or any administrative policy or guidelines concerning action levels of a governmental authority (federal, state or local) now or
hereafter in effect relating to the environment, public health, occupational safety, industrial hygiene, any Hazardous Substance (including, without limitation, the disposal, generation, manufacture, presence, processing, production, Release,
storage, transportation, treatment or use thereof), or the environmental conditions on, under or about the Property, as amended and as in effect from time to time (including, without limitation, the following statutes and all regulations thereunder
as amended and in effect from time to time: the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. §§ 9601, et seq.; the Superfund Amendments and Reauthorization Act of 1986,
Title III, 42 U.S.C. §§ 11001, et seq.; the Clean Air Act, 42 U.S.C. §§ 7401, et seq.; the Safe Drinking Water Act, 42 U.S.C. §§ 300(f), et seq.; the Solid Waste Disposal Act, 42
U.S.C. §§ 6901, et seq.; the Hazardous Materials Transportation Act, as amended, 49 U.S.C. §§ 5101, et seq.; the Resource Conservation and Recovery Act, as amended, 42 U.S.C. §§ 6901, et
seq.; the Federal Water Pollution Control Act, as amended, 33 U.S.C. §§ 1251, et seq.; the Toxic Substances Control Act of 1976, 15 U.S.C. §§ 2601, et seq.; the Occupational Safety and Health Act, 29
U.S.C. §§ 651, et seq.; and any successor statutes and regulations to the foregoing). 
 1.7 ERISA: The Employee
Retirement Income Security Act of 1974, as amended, together with all rules and regulations issued thereunder. 
 1.8 Event of
Default: As defined in Article 6. 
 1.9 Hazardous Substances: Collectively, (a) any chemicals, materials or substances
defined as or included in the definition of “hazardous substances,” “hazardous wastes,” “hazardous materials,” “extremely hazardous wastes,” “restricted hazardous wastes,” “toxic
substances,” “toxic pollutants,” “contaminants” or “pollutants,” or words of similar import, under any applicable Environmental Law; and (b) any other chemical, material or substance, exposure to which is
prohibited, limited or regulated by any governmental authority, including, without limitation, asbestos and asbestos-containing materials in any form, lead-based paint, any radioactive materials and polychlorinated biphenyls (“PCBs”), or
substances or compounds containing PCBs. 
 1.10 Indemnitees: Collectively, Beneficiary and Beneficiary’s officers, directors,
employees, agents, affiliates, successors and assigns. 
 1.11 Insurance Agreement: The Agreement Concerning Insurance Requirements of
even date herewith executed by Trustor for the benefit of Beneficiary. 
 1.12 Intangible Personalty: The right to use all trademarks
and trade names and symbols or logos used in connection therewith, or any modifications or variations thereof, in connection with the operation of the improvements existing or to be constructed on the Property, together with all accounts, deposit
accounts, letter of credit rights, investment property, monies in the possession of Beneficiary (including, without limitation, proceeds from insurance, retainages and deposits for taxes and insurance), Permits, contract rights (including, without
limitation, rights to receive insurance proceeds) and general intangibles (whether now owned or hereafter acquired, and including proceeds thereof) relating to or arising from Trustor’s 

  

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ownership, use, operation, leasing, or sale of all or any part of the Property, specifically including but in no way limited to any right which Trustor may
have or acquire to transfer any development rights from the Property to other real property, and any development rights which may be so transferred. 
 1.13 Lease Certificate: The Certificate of even date herewith made by Trustor to Beneficiary concerning Leases of the Property. 
 1.14 Leases: Any and all leases, subleases and other agreements under the terms of which any person other than Trustor has or acquires any right to occupy or use the Property, or any part thereof. 

1.15 Loan: The loan from Beneficiary to Trustor evidenced by the Note. 
 1.16 Loan Application: The Summary of Loan Terms executed as of June 14, 2007 on behalf of Trustor and Beneficiary with respect to the Loan.

 1.17 Loan Documents: The Note, all of the deeds of trust, mortgages, security agreements and other documents securing or executed
and delivered in connection with the Note, including this Deed of Trust, the Insurance Agreement, the Lease Certificate and each other document executed or delivered in connection with the transaction pursuant to which the Note has been executed and
delivered. The term “Loan Documents” also includes all modifications, extensions, renewals, and replacements of each document referred to above. 
 1.18 Material Adverse Effect: The occurrence or existence of a condition or event which would have a material adverse effect on (a) the business, profits, operations or financial condition of Trustor,
(b) the ability of Trustor to pay any amounts under the Loan Documents as they become due, or (c) the value of the Property. 
 1.19 Note: Trustor’s promissory note of even date herewith, payable to the order of Beneficiary in the principal face amount of $26,824,391.00, the last payment under which is due on August 1, 2013, or, if extended by
Beneficiary pursuant to its terms, August 1, 2018, unless such due date is accelerated, together with all renewals, extensions and modifications of such promissory note. All terms and provisions of the Note are incorporated by this reference in
this Deed of Trust. 
 1.20 Permits: All permits, licenses, certificates and authorizations necessary for the beneficial development,
ownership, use, occupancy, operation and maintenance of the Property. 
 1.21 Permitted Exceptions: The matters (excluding matters of
survey) set forth in Schedule B-I of the title insurance policy insuring the lien created by this Deed of Trust, in form and substance satisfactory to, and accepted by, Beneficiary, that Trustor has caused to be delivered to Beneficiary in
connection with the Loan. 
 1.22 Property: The tract or tracts of land described in Exhibit A attached, together with the
following: 
 (a) All buildings, structures, and improvements now or hereafter located on such tract or tracts, as well as all rights-of-way,
easements, and other appurtenances thereto; 
  

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 (b) Any land lying between the boundaries of such tract or tracts and the center line of any adjacent
street, road, avenue, or alley, whether opened or proposed; 
 (c) All of the rents, income, receipts, revenues, issues and profits of and
from such tract or tracts and improvements; 
 (d) All (i) water and water rights (whether decreed or undecreed, tributary,
nontributary or not nontributary, surface or underground, or appropriated or unappropriated); (ii) ditches and ditch rights; (iii) spring and spring rights; (iv) reservoir and reservoir rights; and (v) shares of stock in water,
ditch and canal companies and all other evidence of such rights, which are now owned or hereafter acquired by Trustor and which are appurtenant to or which have been used in connection with such tract or tracts or improvements; 
 (e) All minerals, crops, timber, trees, shrubs, flowers, and landscaping features now or hereafter located on, under or above such tract or tracts;

 (f) All machinery, apparatus, equipment, fittings, fixtures (whether actually or constructively attached, and including all trade,
domestic, and ornamental fixtures) now or hereafter located in, upon, or under such tract or tracts or improvements and used or usable in connection with any present or future operation thereof, including but not limited to all heating,
air-conditioning, freezing, lighting, laundry, incinerating and power equipment; engines; pipes; pumps; tanks; motors; conduits; switchboards; plumbing, lifting, cleaning, fire prevention, fire extinguishing, refrigerating, ventilating, cooking, and
communications apparatus; boilers, water heaters, ranges, furnaces, and burners; appliances; vacuum cleaning systems; elevators; escalators; shades; awnings; screens; storm doors and windows; stoves; refrigerators; attached cabinets; partitions;
ducts and compressors; rugs and carpets; draperies; and all additions thereto and replacements therefor; 
 (g) All development rights
associated with such tract or tracts, whether previously or subsequently transferred to such tract or tracts from other real property or now or hereafter susceptible of transfer from such tract or tracts to other real property; 
 (h) All awards and payments, including interest thereon, resulting from the exercise of any right of eminent domain or any other public or private
taking of, injury to, or decrease in the value of, any of such property; and 
 (i) All other and greater rights and interests of every
nature in such tract or tracts and in the possession or use thereof and income therefrom, whether now owned or subsequently acquired by Trustor. 
 1.23 Release: Disposing, discharging, injecting, spilling, leaking, leaching, dumping, emitting, escaping, emptying, seeping, placing and the like, into or upon any land or water or air, or otherwise entering into the environment.

  

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 1.24 Secured Obligations: All present and future obligations of Trustor to Beneficiary evidenced
by or contained in the Note, this Deed of Trust and all other Loan Documents, whether stated in the form of promises, covenants, representations, warranties, conditions, or prohibitions or in any other form, excluding, however, the provisions of
Section 4.26 of this Deed of Trust. If the maturity of the Note secured by this Deed of Trust is accelerated, the Secured Obligations shall include an amount equal to any prepayment premium which would be payable under the terms of the Note as
if the Note were prepaid in full on the date of the acceleration. If under the terms of the Note no voluntary prepayment would be permissible on the date of such acceleration, then the prepayment fee or premium to be included in the Secured
Obligations shall be equal to one hundred fifty percent (150%) of the highest prepayment fee or premium set forth in the Note, calculated as of the date of such acceleration, as if prepayment were permitted on such date. 
 1.25 Trustee: The Trustee named in the introductory paragraph of this Deed of Trust, whose address is 16969 Von Karman, Suite 200,
Irvine, California 92606. 
 1.26 Trustor: The Trustor named in the introductory paragraph of this Deed of Trust (Taxpayer I.D.
No. 20-0216462; Organizational I.D. No. 4355620), whose legal address is c/o KBS Capital Advisors LLC, 620 Newport Center Drive, Suite 1300, Newport Beach, California 92660, together with any future owner of the Property or
any part thereof or interest therein. 
 ARTICLE 2 
 GRANTING CLAUSE 
 2.1 Grant to Trustee. As security for the Secured Obligations, Trustor
hereby grants, bargains, sells, warrants and conveys the Property to Trustee, in trust, with power of sale, for the use and benefit of Beneficiary, and subject to all provisions hereof. 
 2.2 Security Interest to Beneficiary. As additional security for the Secured Obligations, Trustor hereby grants to Beneficiary a security interest
in the Property, Chattels and Intangible Personalty. To the extent any of the Property, Chattels or Intangible Personalty may be or have been acquired with funds advanced by Beneficiary under the Loan Documents, this security interest is a purchase
money security interest. This Deed of Trust constitutes a security agreement under the Uniform Commercial Code of the state in which the Property is located (the “Code”) with respect to any part of the Property, Chattels and Intangible
Personalty that may or might now or hereafter be or be deemed to be personal property, fixtures or property other than real estate (all collectively hereinafter called “Collateral”); all of the terms, provisions, conditions and agreements
contained in this Deed of Trust pertain and apply to the Collateral as fully and to the same extent as to any other property comprising the Property, and the following provisions of this Section shall not limit the generality or applicability
of any other provisions of this Deed of Trust but shall be in addition thereto: 
 (a) The Collateral shall be used by Trustor solely for
business purposes, and all Collateral (other than the Intangible Personalty) shall be installed upon the real estate comprising part of the Property for Trustor’s own use or as the equipment and furnishings furnished by Trustor, as landlord, to
tenants of the Property; 
  

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 (b) The Collateral (other than the Intangible Personalty) shall be kept at the real estate comprising a
part of the Property, and shall not be removed therefrom without the consent of Beneficiary (being the Secured Party as that term is used in the Code); and the Collateral (other than the Intangible Personalty) may be affixed to such real estate but
shall not be affixed to any other real estate; 
 (c) No financing statement covering any of the Collateral or any proceeds thereof is on
file in any public office (except for financing statements that will be terminated concurrently with the recording of this Deed of Trust); and Trustor will, at its cost and expense, upon demand, furnish to Beneficiary such further information and
will execute and deliver to Beneficiary such financing statements and other documents in form satisfactory to Beneficiary and will do all such acts and things as Beneficiary may at any time or from time to time reasonably request or as may be
necessary or appropriate to establish and maintain a perfected first-priority security interest in the Collateral as security for the Secured Obligations, subject to no adverse liens or encumbrances; and Trustor will pay the cost of filing the same
or filing or recording such financing statements or other documents and this instrument in all public offices wherever filing or recording is deemed by Beneficiary to be necessary or desirable; 
 (d) The terms and provisions contained in this Section and in Section 7.6 of this Deed of Trust shall, unless the context otherwise requires,
have the meanings and be construed as provided in the Code; and 
 (e) This Deed of Trust constitutes a financing statement under the Code
with respect to the Collateral. As such, this Deed of Trust covers all items of the Collateral that are or are to become fixtures. The filing of this Deed of Trust in the real estate records of the county where the Property is located shall
constitute a fixture filing in accordance with the Code. Information concerning the security interests created hereby may be obtained at the addresses set forth in Article 1 of this Deed of Trust. Trustor is the “Debtor” and
Beneficiary is the “Secured Party” (as those terms are defined and used in the Code) insofar as this Deed of Trust constitutes a financing statement. 
 ARTICLE 3 
 TRUSTOR’S REPRESENTATIONS AND WARRANTIES 
 3.1 Warranty of Title. Trustor represents and warrants to Beneficiary that: 
 (a) Trustor has good, marketable and indefeasible fee simple title to the Property, and such fee simple title is free and clear of all liens,
encumbrances, security interests and other claims whatsoever, subject only to the Permitted Exceptions; 
 (b) Trustor is the sole and
absolute owner of the Chattels and the Intangible Personalty, free and clear of all liens, encumbrances, security interests and other claims whatsoever, subject only to the Permitted Exceptions; 
  

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 (c) This Deed of Trust is a valid and enforceable first lien and security interest on the Property,
Chattels and Intangible Personalty, subject only to the Permitted Exceptions; 
 (d) Trustor, for itself and its successors and assigns,
hereby agrees to warrant and forever defend, all and singular of the property and property interests granted and conveyed pursuant to this Deed of Trust, against every person whomsoever lawfully claiming, or to claim, the same or any part thereof;
and 
 The representations, warranties and covenants contained in this Section shall survive foreclosure of this Deed of Trust, and
shall inure to the benefit of Beneficiary. 
 3.2 Due Authorization. If Trustor is other than a natural person, then each individual
who executes this document on behalf of Trustor represents and warrants to Beneficiary that such execution has been duly authorized by all necessary corporate, partnership, limited liability company or other action on the part of Trustor. Trustor
represents that Trustor has obtained all consents and approvals required in connection with the execution, delivery and performance of this Deed of Trust. 
 3.3 Other Representations and Warranties. Trustor represents and warrants to Beneficiary as follows: 
 (a) Trustor is a limited liability company, duly organized, validly existing and in good standing under the laws of the State of Delaware. Trustor is duly authorized to transact business in and is in good standing under the laws of the
State of California; 
 (b) The execution, delivery and performance by Trustor of the Loan Documents are within Trustor’s power and
authority and have been duly authorized by all necessary action; 
 (c) This Deed of Trust is, and each other Loan Document to which Trustor
is a party will, when delivered hereunder, be valid and binding obligations of Trustor enforceable against Trustor in accordance with their respective terms, except as limited by equitable principles and bankruptcy, insolvency and similar laws
affecting creditors’ rights; 
 (d) The execution, delivery and performance by Trustor of the Loan Documents will not contravene any
contractual or other restriction binding on or affecting Trustor and will not result in or require the creation of any lien, security interest, other charge or encumbrance (other than pursuant hereto) upon or with respect to any of its properties;

 (e) The execution, delivery and performance by Trustor of the Loan Documents does not contravene any applicable law; 
 (f) No authorization, approval, consent or other action by, and no notice to or filing with, any court, governmental authority or regulatory body is
required for the due execution, delivery and performance by Trustor of any of the Loan Documents or the effectiveness of any assignment of any of Trustor’s rights and interests of any kind to Beneficiary; 
  

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 (g) No part of the Property, Chattels, or Intangible Personalty is in the hands of a receiver, no
application for a receiver is pending with respect to any portion of the Property, Chattels, or Intangible Personalty, and no part of the Property, Chattels, or Intangible Personalty is subject to any foreclosure or similar proceeding; 

(h) Trustor has not made any assignment for the benefit of creditors, nor has Trustor filed, or had filed against it, any petition in bankruptcy;

 (i) There is no pending or, to the best of Trustor’s knowledge, threatened, litigation, action, proceeding or investigation,
including, without limitation, any condemnation proceeding, against Trustor or the Property before any court, governmental or quasi-governmental, arbitrator or other authority; 
 (j) Trustor is a “non-foreign person” within the meaning of Sections 1445 and 7701 of the United States Internal Revenue Code of 1986, as
amended, and the regulations issued thereunder; 
 (k) Except as otherwise disclosed by the survey made available by Trustor to Beneficiary,
access to and egress from the Property are available and provided by public streets, and Trustor has no knowledge of any federal, state, county, municipal or other governmental plans to change the highway or road system in the vicinity of the
Property or to restrict or change access from any such highway or road to the Property; 
 (l) All public utility services necessary for the
operation of all improvements constituting part of the Property for their intended purposes are available at the boundaries of the land constituting part of the Property, including water supply, storm and sanitary sewer facilities, and natural gas,
electric, telephone and cable television facilities; 
 (m) Except as otherwise disclosed to Beneficiary in writing prior to the date
hereof, and to the best of Trustor’s knowledge, the Property is located in a zoning district that permits the development, use and operation of the Property as it is currently operated as a permitted, and not as a non-conforming use. Except as
otherwise disclosed to Beneficiary in writing prior to the date hereof, and to the best of Trustor’s knowledge, the Property complies in all respects with all zoning ordinances, regulations, requirements, conditions and restrictions, including
but not limited to deed restrictions and restrictive covenants, applicable to the Property; 
 (n) Except as otherwise disclosed to
Beneficiary in writing prior to the date hereof, and to the best of Trustor’s knowledge, there are no special or other assessments for public improvements or otherwise now affecting the Property, nor does Trustor know of any pending or
threatened special assessments affecting the Property or any contemplated improvements affecting the Property that may result in special assessments. There are no tax abatements or exceptions affecting the Property; 
 (o) Trustor has filed all tax returns it is required to have filed, and has paid all taxes as shown on such returns or on any assessment received
pertaining to the Property; 
  

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 (p) Trustor has not received any notice from any governmental body having jurisdiction over the Property
as to any violation of any applicable law, or any notice from any insurance company or inspection or rating bureau setting forth any requirements as a condition to the continuation of any insurance coverage on or with respect to the Property or the
continuation thereof at premium rates existing at present which have not been remedied or satisfied; 
 (q) Trustor is not in default, in
any manner which would adversely affect its properties, assets, operations or condition (financial or otherwise), in the performance, observance or fulfillment of any of the obligations, covenants or conditions set forth in any agreement or
instrument to which it is a party or by which it or any of its properties, assets or revenues are bound; 
 (r) Except as set forth in the
Lease Certificate, there are no occupancy rights (written or oral), Leases or tenancies presently affecting any part of the Property. The Lease Certificate contains a true and correct description of all Leases presently affecting the Property. No
written or oral agreements or understandings exist between Trustor and the tenants under the Leases described in the Lease Certificate that grant such tenants any rights greater than those described in the Lease Certificate or that are in any way
inconsistent with the rights described in the Lease Certificate; 
 (s) There are no options, purchase contracts or other similar agreements
of any type (written or oral) presently affecting any part of the Property; 
 (t) Except as otherwise disclosed to Beneficiary in writing
prior to the date hereof, there exists no brokerage agreement with respect to any part of the Property; 
 (u) Except as otherwise disclosed
to Beneficiary in writing prior to the date hereof, (i) there are no contracts presently affecting the Property (“Contracts”) having a term in excess of one hundred eighty (180) days or not terminable by Trustor (without penalty)
on thirty (30) days’ notice; (ii) Trustor has heretofore delivered to Beneficiary true and correct copies of each of the Contracts together with all amendments thereto; (iii) Trustor is not in default of any obligations under any
of the Contracts; and (iv) the Contracts represent the complete agreement between Trustor and such other parties as to the services to be performed or materials to be provided thereunder and the compensation to be paid for such services or
materials, as applicable, and except as otherwise disclosed herein, such other parties possess no unsatisfied claims against Trustor. Trustor is not in default under any of the Contracts and no event has occurred which, with the passing of time or
the giving of notice, or both, would constitute a default under any of the Contracts; 
 (v) To the best of Trustor’s knowledge,
Trustor has obtained all Permits necessary for the operation, use, ownership, development, occupancy and maintenance of the Property as an office complex, as it is currently being operated. To the best of Trustor’s knowledge, none of the
Permits has been suspended or revoked, and all of the Permits are in full force and effect, are fully paid for, and Trustor has made or will make application for renewals of any of the Permits prior to the expiration thereof; 
  

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 (w) All insurance policies held by Trustor relating to or affecting the Property are in full force and
effect and shall remain in full force and effect until all Secured Obligations are satisfied. Trustor has not received any notice of default or notice terminating or threatening to terminate any such insurance policies. Trustor has made or will make
application for renewals of any of such insurance policies prior to the expiration thereof; 
 (x) Trustor either currently complies with or
is not subject to ERISA. Neither the making of the Loan nor the exercise by Beneficiary of any of its rights under the Loan Documents constitutes or will constitute a non-exempt, prohibited transaction under ERISA; 
 (y) Trustor’s exact legal name is correctly set out in the introductory paragraph of this Deed of Trust. Trustor’s organizational
identification number is correctly set forth in the definition of “Trustor” set forth in Article 1 hereof. Trustor’s location (as such term is used in Section 5.8 hereof) is the State of Delaware; 
 (z) to the best of Trustor’s knowledge, except as disclosed in the Environmental Assessment, Hazardous Substances have not at any time been
generated, used, treated or stored on, or transported to or from the Property in any quantity or manner which violates any Environmental Law; 
 (aa) to the best of Trustor’s knowledge, except as disclosed in the Environmental Assessment, Hazardous Substances have not at any time been Released (hereinafter defined) or disposed of on the Property in any quantity or manner which
violates any Environmental Law; 
 (bb) to the best of Trustor’s knowledge, except as disclosed in the Environmental Assessment,
Trustor is in compliance with all applicable Environmental Laws with respect to the Property and the requirements of any permits issued under such Environmental Laws with respect to the Property; 
 (cc) to the best of Trustor’s knowledge, there are no past, pending or threatened Environmental Claims against Trustor or the Property; 

(dd) to the best of Trustor’s knowledge, except as disclosed in the Environmental Assessment, there is no condition or occurrence at the
Property that could reasonably be anticipated (i) to form the basis of any Environmental Claim against Trustor or the Property, or (ii) to cause the Property to be subject to any restrictions on the ownership, occupancy, use or
transferability thereof under any Environmental Law; and 
 (ee) to the best of Trustor’s knowledge, except as disclosed in the
Environmental Assessment, there are not now and never have been any underground storage tanks located on the Property. 
 3.4 Continuing
Effect. Trustor shall be liable to Beneficiary for any damage suffered by Beneficiary if any of the foregoing representations are inaccurate as of the date hereof, regardless when such inaccuracy may be discovered by, or result in harm to,
Beneficiary. Trustor further represents and warrants that the foregoing representations and warranties, as well as all other representations and warranties of Trustor to Beneficiary relative to the Loan Documents, shall survive termination of this
Deed of Trust. 
  

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 ARTICLE 4 
 TRUSTOR’S AFFIRMATIVE COVENANTS 
 4.1 Payment of Note. Trustor will pay all principal,
interest, and other sums payable under the Note, on the date when such payments are due, without notice or demand. 
 4.2 Performance of
Other Obligations. Trustor will promptly and strictly perform and comply with all other covenants, conditions, and prohibitions required of Trustor by the terms of the Loan Documents. 
 4.3 Other Encumbrances. Trustor will promptly and strictly perform and comply with all covenants, conditions, and prohibitions required of Trustor
in connection with any other encumbrance affecting the Property, the Chattels, or the Intangible Personalty, or any part thereof, or any interest therein, regardless of whether such other encumbrance is superior or subordinate to the lien hereof.

 4.4 Payment of Taxes. 
 (a) Property Taxes. Unless Trustor is depositing money into reserves pursuant to Section 4.4(b), Trustor will (i) pay, before delinquency, all taxes and assessments, general or special, which may be levied or imposed at any
time against Trustor’s interest and estate in the Property, the Chattels, or the Intangible Personalty, and (ii) within ten days after each payment of any such tax or assessment, Trustor will deliver to Beneficiary, without notice or
demand, an official receipt for such payment. At Beneficiary’s option, Beneficiary may retain the services of a firm to monitor the payment of all taxes and assessments relating to the Property, the cost of which shall be borne by Trustor.

 (b) Deposit for Taxes. On or before the date hereof, Trustor shall deposit with Beneficiary an amount equal to 1/12th of the
amount which Beneficiary estimates will be required to make the next annual payment of taxes, assessments, and similar governmental charges referred to in this Section (collectively, the “Tax Reserves”), multiplied by the number of whole
or partial months that have elapsed since the date one month prior to the most recent due date for such taxes, assessments and similar governmental charges. Thereafter, with each monthly payment under the Note, Trustor shall deposit with Beneficiary
an amount equal to 1/12th of the amount which Beneficiary estimates will be required to pay the next annual payment of taxes, assessments, and similar governmental charges referred to in this Section. The purpose of these provisions is to provide
Beneficiary with sufficient funds on hand to pay all such taxes, assessments, and other governmental charges thirty (30) days before the date on which they become past due. If the Beneficiary, in its sole discretion, determines that the funds
reserved hereunder are, or will be, insufficient, Trustor shall upon demand pay such additional sums as Beneficiary shall determine necessary and shall pay any increased monthly charges requested by Beneficiary. Provided no Event of Default exists
hereunder, Beneficiary will apply the amounts so deposited to the payment of such taxes, assessments, and other charges 

  

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when due, but in no event will Beneficiary be liable for any interest on any amount so deposited, and any amount so deposited may be held and commingled with
Beneficiary’s own funds. Notwithstanding anything to the contrary in this Section 4.4(b), the initial Trustor named herein shall only be required to deposit Tax Reserves with Beneficiary following the occurrence and during the continuance
of any Event of Default. 
 (c) Intangible Taxes. If by reason of any statutory or constitutional amendment or judicial decision
adopted or rendered after the date hereof, any tax, assessment, or similar charge is imposed against the Note, against Beneficiary, or against any interest of Beneficiary in any real or personal property encumbered hereby, Trustor will pay such tax,
assessment, or other charge before delinquency and will indemnify Beneficiary against all loss, expense, or diminution of income in connection therewith. In the event Trustor is unable to do so, either for economic reasons or because the legal
provisions or decisions creating such tax, assessment or charge forbid Trustor from doing so, then the Note will, at Beneficiary’s option, become due and payable in full upon thirty (30) days’ notice to Trustor. 
 (d) Right to Contest. Notwithstanding any other provision of this Section, Trustor will not be deemed to be in default solely by reason of
Trustor’s failure to pay any tax, assessment or similar governmental charge so long as, in Beneficiary’s judgment, each of the following conditions is satisfied: 
 (i) Trustor is engaged in and diligently pursuing in good faith administrative or judicial proceedings appropriate to contest the validity or amount of
such tax, assessment, or charge; and 
 (ii) Trustor’s payment of such tax, assessment, or charge would necessarily and materially
prejudice Trustor’s prospects for success in such proceedings; and 
 (iii) Nonpayment of such tax, assessment, or charge will not
result in the loss or forfeiture of any property encumbered hereby or any interest of Beneficiary therein; and 
 (iv) Trustor deposits with
Beneficiary, as security for such payment which may ultimately be required, a sum equal to the amount of the disputed tax, assessment or charge plus the interest, penalties, advertising charges, and other costs which Beneficiary estimates are likely
to become payable if Trustor’s contest is unsuccessful. 
 If Beneficiary determines that any one or more of such conditions is not
satisfied or is no longer satisfied, Trustor will pay the tax, assessment, or charge in question, together with any interest and penalties thereon, within fifteen (15) days after Beneficiary gives notice of such determination. 
 4.5 Maintenance of Insurance. 
 (a)
Coverages Required. Trustor shall maintain or cause to be maintained, with financially sound and reputable insurance companies or associations satisfactory to Beneficiary, all insurance required under the terms of the Insurance Agreement, and
shall comply with each and every covenant and agreement contained in the Insurance Agreement. 
  

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 (b) Renewal Policies. Not less than thirty (30) days prior to the expiration date of each
insurance policy required pursuant to the Insurance Agreement, Trustor will deliver to Beneficiary an appropriate renewal policy (or a certified copy thereof), together with evidence satisfactory to Beneficiary that the applicable premium has been
prepaid. 
 (c) Deposit for Premiums. On or before the date hereof, Trustor shall deposit with Beneficiary an amount equal to 1/12th
of the amount which Beneficiary estimates will be required to make the next annual payments of the premiums for the policies of insurance referred to in this Section (the “Insurance Reserves”), multiplied by the number of whole and partial
months which have elapsed since the date one month prior to the most recent policy anniversary date for each such policy. Thereafter, with each monthly payment under the Note, Trustor will deposit an amount equal to 1/12th of the amount which
Beneficiary estimates will be required to pay the next required annual premium for each insurance policy referred to in this Section. The purpose of these provisions is to provide Beneficiary with sufficient funds on hand to pay all such premiums
thirty (30) days before the date on which they become past due. If Beneficiary, in its sole discretion, determines that the funds reserved hereunder are, or will be, insufficient, Trustor shall upon demand pay such additional sums as
Beneficiary shall determine necessary and shall pay any increased monthly charges requested by Beneficiary. Provided no Event of Default exists hereunder, Beneficiary will apply the amounts so deposited to the payment of such insurance premiums when
due, but in no event will Beneficiary be liable for any interest on any amounts so deposited, and the money so received may be held and commingled with Beneficiary’s own funds. Notwithstanding anything to the contrary in this
Section 4.5(c), the initial Trustor named herein shall only be required to deposit Insurance Reserves with Beneficiary following the occurrence and during the continuance of any Event of Default. 
 (d) Application of Hazard Insurance Proceeds. Trustor shall promptly notify Beneficiary of any damage or casualty to all or any portion of the
Property or Chattels. Beneficiary may participate in all negotiations and appear and participate in all judicial arbitration proceedings concerning any insurance proceeds which may be payable as a result of such casualty or damage, and may, in
Beneficiary’s sole discretion, compromise or settle, in the name of Beneficiary, Trustor, or both any claim for any such insurance proceeds. Any such insurance proceeds shall be paid to Beneficiary and shall be applied first to reimburse
Beneficiary for all costs and expenses, including attorneys’ fees, incurred by Beneficiary in connection with the collection of such insurance proceeds. The balance of any insurance proceeds received by Beneficiary with respect to an insured
casualty may, in Beneficiary’s sole discretion, either (i) be retained and applied by Beneficiary toward payment of the Secured Obligations, or (ii) be paid over, in whole or in part and subject to such conditions as Beneficiary may
impose, to Trustor to pay for repairs or replacements necessitated by the casualty; provided, however, that if all of the Secured Obligations have been performed or are discharged by the application of less than all of such insurance proceeds, then
any remaining proceeds will be paid over to Trustor. Notwithstanding the preceding sentence to the contrary, if (A) no Default or Event of Default shall exist hereunder, and (B) the proceeds received by Beneficiary (together with any other
funds delivered by Trustor to Beneficiary for such purpose) shall be sufficient, in 

  

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Beneficiary’s reasonable judgment, to pay for any restoration necessitated by the casualty, and (C) the cost of such restoration shall not exceed
$100,000.00, and (D) such restoration can be completed, in Beneficiary’s judgment, at least ninety (90) days prior to the maturity date of the Note, then Beneficiary shall apply such proceeds as provided in clause (ii) of the
preceding sentence. Beneficiary will have no obligation to see to the proper application of any insurance proceeds paid over to Trustor, nor will any such proceeds received by Beneficiary bear interest or be subject to any other charge for the
benefit of Trustor. Beneficiary may, prior to the application of insurance proceeds, commingle them with Beneficiary’s own funds and otherwise act with regard to such proceeds as Beneficiary may determine in Beneficiary’s sole discretion.

 (e) Successor’s Rights. Any person who acquires title to the Property or the Chattels upon foreclosure hereunder will succeed
to all of Trustor’s rights under all policies of insurance maintained pursuant to this Section. 
 4.6 Maintenance and Repair of
Property and Chattels. Trustor will at all times maintain the Property and the Chattels in good condition and repair, will diligently prosecute the completion of any building or other improvement which is at any time in the process of
construction on the Property, and will promptly repair, restore, replace, or rebuild any part of the Property or the Chattels which may be affected by any casualty or any public or private taking or injury to the Property or the Chattels. All costs
and expenses arising out of the foregoing shall be paid by Trustor whether or not the proceeds of any insurance or eminent domain shall be sufficient therefor. Trustor will comply with all statutes, ordinances, and other governmental or
quasi-governmental requirements and private covenants relating to the ownership, construction, use, or operation of the Property, including but not limited to any environmental or ecological requirements; provided, that so long as Trustor is not
otherwise in default hereunder, Trustor may, upon providing Beneficiary with security reasonably satisfactory to Beneficiary, proceed diligently and in good faith to contest the validity or applicability of any such statute, ordinance, or
requirement. Beneficiary and any person authorized by Beneficiary may enter and inspect the Property at all reasonable times, and may inspect the Chattels, wherever located, at all reasonable times. 
 4.7 Leases. Trustor shall timely pay and perform each of its obligations under or in connection with the Leases, and shall otherwise pay such sums
and take such action as shall be necessary or required in order to maintain each of the Leases in full force and effect in accordance with its terms. Trustor shall make reasonable efforts to promptly furnish to Beneficiary copies of any notices
given to Trustor by the lessee under any Lease, alleging the default by Trustor in the timely payment or performance of its obligations under such Lease and any subsequent communication related thereto. Trustor shall also promptly furnish to
Beneficiary copies of any notices given to Trustor by the lessee under any Lease, extending the term of any Lease, requiring or demanding the expenditure of any sum by Trustor (or demanding the taking of any action by Trustor), or relating to any
other material obligation of Trustor under such Lease and any subsequent communication related thereto. Trustor agrees that Beneficiary, in its sole discretion, may advance any sum or take any action which Beneficiary believes is necessary or
required to maintain the Leases in full force and effect, and all such sums advanced by Beneficiary, together with all costs and expenses incurred by Beneficiary in connection with action taken by Beneficiary pursuant to this Section, shall be due
and payable by Trustor to Beneficiary upon demand, shall bear interest until paid at the Default Rate (as defined in the Note), and shall be secured by this Deed of Trust. 
  

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 4.8 Eminent Domain; Private Damage. If all or any part of the Property is taken or damaged by
eminent domain or any other public or private action, Trustor will notify Beneficiary promptly of the time and place of all meetings, hearings, trials, and other proceedings relating to such action. Beneficiary may participate in all negotiations
and appear and participate in all judicial or arbitration proceedings concerning any award or payment which may be due as a result of such taking or damage, and may, in Beneficiary’s reasonable discretion, compromise or settle, in the names of
both Trustor and Beneficiary, any claim for any such award or payment. Any such award or payment is to be paid to Beneficiary and will be applied first to reimburse Beneficiary for all costs and expenses, including attorneys’ fees, incurred by
Beneficiary in connection with the ascertainment and collection of such award or payment. The balance, if any, of such award or payment may, in Beneficiary’s sole discretion, either (a) be retained by Beneficiary and applied toward the
Secured Obligations, or (b) be paid over, in whole or in part and subject to such conditions as Beneficiary may impose, to Trustor for the purpose of restoring, repairing, or rebuilding any part of the Property affected by the taking or damage.
Notwithstanding the preceding sentence, if (i) no Default or Event of Default shall have occurred and be continuing hereunder, and (ii) the proceeds received by Beneficiary (together with any other funds delivered by Trustor to Beneficiary
for such purpose) shall be sufficient, in Beneficiary’s reasonable judgment, to pay for any restoration necessitated by the taking or damage, and (iii) the cost of such restoration shall not exceed $100,000.00, and (iv) such
restoration can be completed, in Beneficiary’s judgment, at least ninety (90) days prior to the maturity date of the Note, and (v) the remaining Property shall constitute, in Beneficiary’s sole judgment, adequate security for the
Secured Obligations, then Beneficiary shall apply such proceeds as provided in clause (b) of the preceding sentence. Trustor’s duty to pay the Note in accordance with its terms and to perform the other Secured Obligations will not be
suspended by the pendency or discharged by the conclusion of any proceedings for the collection of any such award or payment, and any reduction in the Secured Obligations resulting from Beneficiary’s application of any such award or payment
will take effect only when Beneficiary receives such award or payment. If this Deed of Trust has been foreclosed prior to Beneficiary’s receipt of such award or payment, Beneficiary may nonetheless retain such award or payment to the extent
required to reimburse Beneficiary for all costs and expenses, including attorneys’ fees, incurred in connection therewith, and to discharge any deficiency remaining with respect to the Secured Obligations. 
 4.9 Mechanics’ Liens. Trustor will keep the Property free and clear of all liens and claims of liens by contractors, subcontractors,
mechanics, laborers, materialmen, and other such persons, and will cause any recorded statement of any such lien to be released of record within thirty (30) days after the recording thereof or such earlier date as may be necessary to stop a
foreclosure thereof. Notwithstanding the preceding sentence, however, Trustor will not be deemed to be in default under this Section if (i) the aggregate amount of any asserted liens does not exceed $100,000.00, or (ii) to the extent
such liens exceed $100,000.00, Trustor provides Beneficiary with such security as Beneficiary may require to protect Beneficiary against all loss, damage and expense which Beneficiary may incur as a result of such liens in excess of $100,000.00,
which security may consist of Trustor causing such liens in excess of $100,000.00 to be bonded over or insured over. Any initiation of proceedings to foreclose on any such lien, however, shall constitute a Default. 
  

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 4.10 Defense of Actions. Trustor will defend, at Trustor’s expense, any action, proceeding or
claim which affects any property encumbered hereby or any interest of Beneficiary in such property or in the Secured Obligations, and will indemnify and hold Beneficiary harmless from all loss, damage, cost, or expense, including attorneys’
fees, which Beneficiary may incur in connection therewith. 
 4.11 Expenses of Enforcement. Trustor will pay all costs and expenses,
including attorneys’ fees, which Beneficiary may incur in connection with any effort or action (whether or not litigation or foreclosure is involved) to enforce or defend Beneficiary’s rights and remedies under any of the Loan Documents,
including but not limited to all attorneys’ fees, appraisal fees, consultants’ fees, and other expenses incurred by Beneficiary in securing title to or possession of, and realizing upon, any security for the Secured Obligations. All such
costs and expenses (together with interest thereon at the Default Rate from the date incurred) shall constitute part of the Secured Obligations, and may be included in the computation of the amount owed to Beneficiary for purposes of foreclosing or
otherwise enforcing this Deed of Trust. 
 4.12 Financial Reports. During the term of the Loan, Trustor shall supply to Beneficiary
(a) within forty-five (45) days following the end of each quarter, Trustor’s quarterly and annual operating statements for the Property as of the end of and for the preceding quarter and fiscal year, as applicable, in each case
prepared consistent with the form of operating statements delivered to Beneficiary by Trustor prior to the date of this Deed of Trust; (b) contemporaneously with Trustor’s delivery of each of such operating statements, a certified rent
roll signed and dated by Trustor in the form delivered to Beneficiary prior to the date of this Deed of Trust; and (c) within ninety (90) days following the end of each year, an annual balance sheet and profit and loss statement of
Trustor. The financial statements and reports described in (a) and (c) above shall be in the detail set forth in the financial statements delivered to Beneficiary by Trustor prior to the date of this Deed of Trust, shall be prepared in
accordance with generally accepted accounting principles consistently applied, and shall be certified as true and correct by Trustor (or, if required by Beneficiary during the continuation of an Event of Default or if required to comply with
regulatory requirements to which Beneficiary may be subject, by an independent certified public accountant acceptable to Beneficiary). Trustor shall also furnish to Beneficiary within forty-five (45) days of Beneficiary’s request, any
other financial reports or statements of Trustor as Beneficiary may reasonably request to comply with regulatory requirements to which Beneficiary may be subject, or as requested by Beneficiary in its sole discretion during the continuation of an
Event of Default. Upon Beneficiary’s demand after any Event of Default, or if Beneficiary securitizes the Loan, Trustor shall supply to Beneficiary the items required in (a) and (b) above on a monthly basis. Notwithstanding the
foregoing, for so long as KBS Bridgeway Technology Center, LLC is Trustor, any request or requirement that Trustor deliver audited financials certified by an independent certified public accountant may be satisfied by delivery of the audited
financials for KBS Real Estate Investment Trust, Inc. 
 4.13 Priority of Leases. To the extent Trustor has the right, under the terms
of any Lease, to make such Lease subordinate to the lien hereof, Trustor will, at Beneficiary’s 

  

 16 

 
request and Trustor’s expense, take such action as may be required to effect such subordination. Conversely, Trustor will, at Beneficiary’s request
and Trustor’s expense, take such action as may be necessary to subordinate the lien hereof to any future Lease designated by Beneficiary. 
 4.14 Inventories; Assembly of Chattels. Upon the occurrence of any Event of Default hereunder, Trustor will at Beneficiary’s request assemble the Chattels and make them available to Beneficiary at any place designated by
Beneficiary which is reasonably convenient to both parties. 
 4.15 Compliance with Laws, Etc. Trustor shall comply in all material
respects with all applicable laws, rules, regulations and orders, such compliance to include, without limitation, maintaining all Permits and paying before the same become delinquent all taxes, assessments and governmental charges imposed upon
Trustor or the Property. 
 4.16 Records and Books of Account. Trustor shall keep accurate and complete records and books of
account, in which complete entries will be made in accordance with generally accepted accounting principles consistently applied, reflecting all financial transactions relating to the Property. 
 4.17 Inspection Rights. At any reasonable time, and from time to time, Trustor shall permit Beneficiary, or any agents or representatives thereof,
to examine and make copies of and abstracts from the records and books of account of Trustor, and to visit the Property and to discuss with Trustor the affairs, finances and accounts of Trustor. 
 4.18 Change of Trustor’s Address or State of Organization. Trustor shall promptly notify Beneficiary if changes are made in Trustor’s
address from that set forth in Section 9.10 hereof, or if Trustor shall either change its “location” (as such term is used in Section 5.8 hereof), its state of organization or if Trustor shall organize in any state other than the
State of Delaware. 
 4.19 Further Assurances; Estoppel Certificates. Trustor will execute and deliver to Beneficiary upon demand, and
pay the costs of preparation and recording thereof, any further documents which Beneficiary may request to confirm or perfect the liens and security interests created or intended to be created hereby, or to confirm or perfect any evidence of the
Secured Obligations. Trustor will also, within ten days after any request by Beneficiary, deliver to Beneficiary a signed and acknowledged statement certifying to Beneficiary, or to any proposed transferee of the Secured Obligations, (a) the
balance of principal, interest, and other sums then outstanding under the Note, and (b) whether Trustor claims to have any offsets or defenses with respect to the Secured Obligations and, if so, the nature of such offsets or defenses.

 4.20 Costs of Closing. Trustor shall on demand pay directly or reimburse Beneficiary for any actual costs or expenses pertaining to
the closing of the Loan, including, but not limited to, fees of counsel for Beneficiary, costs and expenses for which invoices were not available at the closing of the Loan, or costs and expenses which are incurred by Beneficiary after such closing,
including, without limitation, costs or expenses incurred to obtain originals or copies of recorded or filed Loan Documents and UCC financing statements. All such costs and expenses (together with interest thereon at the Default Rate from the date
incurred by 

  

 17 

 
Beneficiary) shall constitute a part of the Secured Obligations, and may be included in the computation of the amount owed to Beneficiary for purposes of
foreclosing or otherwise enforcing this Deed of Trust. 
 4.21 Fund for Electronic Transfer. All monthly payments of principal and
interest on the Note, and escrow deposits, if any, under this Deed of Trust, shall be made by Trustor by electronic funds transfer from a bank account established and maintained by Trustor for such purpose. Trustor shall establish and maintain such
an account until the Note is fully paid and shall direct the depository of such account in writing to so transmit such payments on or before the respective due dates to the account of Beneficiary as shall be designated by Beneficiary in writing.

 4.22 Use. Trustor shall use the Property solely for the operation of an office complex, and for no other use or purpose.

 4.23 Management. The Property shall be managed by CB Richard Ellis (“Property Manager”) under a management agreement
previously delivered to, and approved, by Beneficiary (the “Management Agreement”). If Trustor shall terminate or permit any amendment to or modification of the Management Agreement, or permit management of the Property by any person or
entity other than Property Manager (“New Property Manager”), Trustor shall promptly provide Beneficiary with notice thereof and any such New Property Manager shall have management expertise in managing properties similar in size and type
to the Property. Beneficiary hereby approves any of the following as New Property Managers: Jones Lang and PM Realty Group. Following a transfer of the Property by the initial Trustor named herein pursuant to the provisions of
Section 5.4(c), below, Beneficiary’s prior written consent shall be required for (a) any termination or modification of the Management Agreement, (b) management of the Property by any person or entity other than Property Manager,
and (c) any leasing agreement affecting the Property entered into by Trustor and any termination or modification of any such leasing agreement. 
 4.24 Secondary Market Transactions. Beneficiary shall have the right at any time: (a) to participate, syndicate or securitize all or any portion of its interest in the Loan, (b) to cause the Loan to
be split into senior and one or more junior or mezzanine Loans in whatever proportion Beneficiary deems appropriate (which Loans may be secured by mortgages, deeds of trust and/or a pledge of direct or indirect partnership or membership interests in
Trustor), and (c) to create one or more senior and subordinate notes (i.e., an A/B or A/B/C structure) or multiple components of such note or notes, and thereafter to sell, assign, participate, syndicate or securitize all or any part of any
variant of the Loan (any of the foregoing, a “Secondary Market Transaction”). Trustor shall cooperate with Beneficiary to facilitate any Secondary Market Transaction and the rating of the Loan (or any resulting variant thereof) and of each
securitization in which one or more Loans are included; provided that Trustor shall not be required to (i) incur any out-of-pocket expense in connection therewith unless Beneficiary agrees to pay for such out-of-pocket expenses as they are
incurred by Trustor, (ii) agree to a modification of any Loan document, or (iii) take any actions that would impose a significant burden on Trustor, including, without limitation, requesting executives of Trustor or other executives of
entities holding an interest (direct or indirect) in Trustor to participate in any form of presentation regarding the Property or the Loans. Trustor’s cooperation obligation shall continue until the Loan has been sold through a Secondary Market
Transaction. 
  

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 4.25 Cash Management. Following any transfer of the Property pursuant to the provisions of
Section 5.4(c), below, or at any time after the closing of the Loan upon no less than thirty (30) days’ prior written notice by Beneficiary, Trustor shall establish an account (the “Clearing Account”) under the sole dominion
and control of Beneficiary at a bank (the “Clearing Bank”) into which all proceeds from the Property will be deposited during the Loan term. The Clearing Bank will be selected by Trustor but must be acceptable to Beneficiary. Trustor shall
be required to notify each tenant of the Property to remit all amounts due with respect to the Property directly to the Clearing Account. Unless a Cash Management Period (as defined below) is continuing, all funds deposited into the Clearing Account
shall be swept by the Clearing Bank into Trustor’s operating account at the Clearing Bank. There shall be no restrictions on Trustor’s use of the operating account. During the continuance of a Cash Management Period, funds deposited into
the Clearing Account shall be transferred by the Clearing Bank on a daily basis into a deposit account (the “Deposit Account”) under the sole dominion and control of the Beneficiary at a bank selected by Beneficiary (the “Deposit
Bank”). All funds in the Deposit Account shall be applied as follows: (a) first, to be used to cover interest payments under the Note, (b) second, disbursed monthly to Trustor in an amount sufficient to allow Trustor to make Permitted
REIT Distributions (as that term is defined in the Note), (c) third, to fund any reserves established under the terms of the Loan Documents, and (d) fourth, to pay operating expenses and capital expenses of the Property. Notwithstanding
the foregoing subsections (c) and (d), during the continuance of a Cash Management Period, all amounts on deposit in the Deposit Account, after monthly payment to the Trustor of funds sufficient to allow Trustor to make Permitted REIT
Distributions, shall be additional cash collateral for the Loan and applied to Trustor’s outstanding obligations under the Loan as Beneficiary may elect. A “Cash Management Period” shall commence upon the occurrence and continuance of
an Event of Default, and shall end if the Event of Default has been cured. Except as otherwise expressly provided herein to the contrary, Trustor shall have the right under all circumstances to use proceeds from the Property first to make Permitted
REIT Distributions before applying such proceeds to any debt service or reserve or other payment obligations under the Loan. 
 4.26
Hazardous Substances. Trustor covenants and agrees as follows: 
 (a) Trustor will (i) comply with all Environmental Laws applicable
to the ownership or use of the Property, (ii) use its best efforts to cause all tenants and other persons occupying the Property to comply with all Environmental Laws, (iii) immediately pay or cause to be paid all costs and expenses
incurred in such compliance, and (iv) keep or cause the Property to be kept free and clear of any liens imposed thereon pursuant to any Environmental Laws. 
 (b) Trustor will not generate, use, treat, store, Release or dispose of, or permit the generation, use, treatment, storage, Release or disposal of, any Hazardous Substances on the Property, or transport or permit the
transportation of any Hazardous Substances to or from the Property, in each case in any quantity or manner which violates any Environmental Law. The foregoing to the contrary notwithstanding, (i) Trustor may store, maintain and use on the

  

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Property janitorial and maintenance supplies, paint and other Hazardous Substances of a type and in a quantity readily available for purchase by the general
public and normally stored, maintained and used by owners and managers of properties of a type similar to the Property, and (ii) tenants of the Property may store, maintain and use on the Property (and, if any tenant is a retail business, hold
in inventory and sell in the ordinary course of such tenant’s business) Hazardous Substances of a type and quantity readily available for purchase by the general public and normally stored, maintained and used (and, if tenant is a retail
business, sold) by tenants in similar lines of business on properties similar to the Property. 
 (c) If Beneficiary (i) has knowledge
of any pending or threatened Environmental Claim against Trustor or the Property or (ii) has reason to believe that the Trustor or the Property are in violation of any Environmental Law or (iii) receives a request for an environmental site
assessment report from a regulatory or other governmental entity with jurisdiction over Beneficiary, then at Beneficiary’s written request, at any time and from time to time, Trustor will provide to Beneficiary an environmental site assessment
report concerning the Property, prepared by an environmental consulting firm approved by Beneficiary, indicating the presence or absence of Hazardous Substances and the potential cost of any removal or remedial action in connection with any
Hazardous Substances on the Property (except that any request arising from clause (iii) above shall be at Beneficiary’s sole cost and expense). Except as provided above, any such environmental site assessment report shall be conducted at
Trustor’s sole cost and expense. If Trustor fails to deliver to Beneficiary any such environmental site assessment report within thirty (30) days after being requested to do so by Beneficiary pursuant to this Section 4.26, Beneficiary
may obtain the same, and Trustor hereby grants to Beneficiary and its agents access to the Property and specifically grants to Beneficiary an irrevocable nonexclusive license to undertake such an assessment, and the cost of such assessment (together
with interest thereon at the Default Rate as defined in the Note) will be payable by Trustor on demand. 
 (d) Beneficiary may, at its
option, at any time and from time to time, perform at its sole cost and expense an environmental site assessment report for the Property, and Trustor hereby grants to Beneficiary and its agents access to the Property upon reasonable prior notice to
Trustor, and specifically grants to Beneficiary an irrevocable non-exclusive license to undertake such an assessment, expressly excluding any invasive inspections. Trustor shall have the right to have an agent or representative of Trustor present
during any such inspection. 
 (e) Trustor will advise Beneficiary in writing immediately upon learning of any of the following: (i)any
pending or threatened Environmental Claim against Trustor or the Property; (ii) any condition or occurrence on the Property that (A) results in noncompliance by Trustor with any applicable Environmental Law, or (B) could reasonably be
anticipated to form the basis of an Environmental Claim against Trustor or the Property; (iii) any condition or occurrence on the Property that could reasonably be anticipated to cause the Property to be subject to any restrictions on the
ownership, occupancy, use or transferability of the Property under any Environmental Law; and (iv) the taking of any removal or remedial action in response to the actual or alleged presence, in any quantity or manner which violates any
Environmental Law, of any Hazardous Substances on the Property. Each such notice shall describe in reasonable detail the nature of the claim, investigation, condition, occurrence or removal or remedial action and Trustor’s response thereto. In
addition, Trustor will provide 

  

 20 

 
Beneficiary with copies of all communications to or from Trustor and any governmental agency relating to Environmental Laws, all communications to or from
Trustor and any person relating to Environmental Claims, and such detailed reports of any Environmental Claim as may be requested by Beneficiary. 
 (f) Beneficiary shall have the right but not the obligation to participate in or defend, as a party if it so elects, any Environmental Claim. Without Beneficiary’s prior written consent, Trustor shall not enter into any settlement,
consent or compromise with respect to any Environmental Claim that might impair the value of the Property. 
 (g) At its sole expense,
Trustor will conduct any investigation, study, sampling and testing, and undertake any cleanup, removal, remedial or other action necessary to remove and clean up all Hazardous Substances from the Property which must be so removed or cleaned up in
accordance with the requirements of any applicable Environmental Laws, to the reasonable satisfaction of a professional environmental consultant selected by Beneficiary, and in accordance with all such requirements and with orders and directives of
all governmental authorities. If all or any portion of the Loan shall be outstanding, Trustor may prepay the Loan in full, together with all applicable prepayment penalties, in lieu of complying with the preceding sentence. 
 (h) Trustor will defend (with attorneys satisfactory to the Indemnitees), protect, indemnify and hold harmless each of the Indemnitees and its
respective officers, directors, employees, attorneys and agents from and against any and all liabilities, obligations (including removal and remedial actions), losses, damages (including foreseeable and unforeseeable consequential damages and
punitive damages), penalties, actions, judgments, suits, claims, costs, expenses and disbursements (including reasonable attorneys’ and consultants’ fees and disbursements) of any kind or nature whatsoever that may at any time be incurred
by, imposed on or asserted against any of them directly or indirectly based on, or arising or resulting from (i) the actual or alleged presence of Hazardous Substances on the Property in any quantity or manner which violates Environmental Law,
or the removal, handling, transportation, disposal or storage of such Hazardous Substances, (ii) any Environmental Claim with respect to Trustor or the Property, or (iii) the exercise of any Indemnitee’s rights under this
Section 4.26 (collectively, the “Indemnified Matters”), regardless of when such Indemnified Matters arise, but excluding any Indemnified Matter arising out of the gross negligence or willful misconduct of any Indemnitee or with
respect to Hazardous Substances first Released on the Property after the earlier of (1) the date neither Trustor nor any of its affiliates holds title to or any other interest in or lien on the Property as a result of a transfer permitted under
Section 5.4(c), below, or through foreclosure (or deed in lieu thereof) of the lien of the Deed of Trust, or (2) the payment in full of the Secured Obligations. To the extent that this indemnity is unenforceable because it violates any law
or public policy, Trustor agrees to contribute the maximum portion that it is permitted to contribute under applicable law to the payment and satisfaction of all Indemnified Matters. For the purposes of the preceding sentence, “the Secured
Obligations have been paid in full” shall mean the Secured Obligations have been voluntarily repaid in full by Trustor in cash, only, and shall not include the acceptance by Beneficiary of a deed in lieu of foreclosure or the making of any bid
made by Beneficiary in connection with a foreclosure of the Property. 
  

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 (i) Trustor will reimburse each Indemnitee for all sums paid and costs incurred by such Indemnitee with
respect to any Indemnified Matter within ten (10) days following written demand therefor, with interest thereon at the Default Rate (as defined in the Note) if not paid within such ten (10) day period. 
 (j) Should any Indemnitee institute any action or proceeding at law or in equity, or in arbitration, to enforce any provision of this Deed of Trust
(including an action for declaratory relief or for damages by reason of any alleged breach of any provision of this Section 4.26) or otherwise in connection with this Deed of Trust or any provision hereof, it shall be entitled to recover from
Trustor its reasonable attorneys’ fees and disbursements incurred in connection therewith if it is the prevailing party in such action or proceeding. 
 (k) Trustor agrees that notwithstanding any term or provision contained in the Loan Documents to the contrary, the obligations of Trustor as set forth in this Section 4.26 shall be exceptions to any non-recourse
or exculpatory provision relating to the Loan, and Trustor shall be fully liable for the performance of its obligations under this Section, and such liability shall not be limited to the original principal amount of the Loan. 
 (l) The liability of Trustor under this Section 4.26 shall in no way be limited to or impaired by any amendment or modification of the provisions
of the Loan Documents unless such amendment or modification expressly refers to this Section 4.26. In addition, the liability of Trustor under this Section 4.26 shall in no way be limited or impaired by (i) any extensions of time for
performance required by any of the Loan Documents, (ii) any sale, assignment or foreclosure of the Note or any sale or transfer of all or any part of the Property, (iii) any exculpatory provision in any of the Loan Documents limiting any
Indemnitee’s recourse to property encumbered by this Deed of Trust or to any other security, or limiting the Indemnitees’ rights to a deficiency judgment against Trustor, (iv) the accuracy or inaccuracy of the representations and
warranties made by Trustor under any of the Loan Documents, (v) the release of Trustor or any other person from performance or observance of any of the agreements, covenants, terms or conditions contained in any of the Loan Documents by
operation of law, any Indemnitee’s voluntary act, or otherwise, (vi) the release or substitution in whole or in part of any security for the Note or (vii) Beneficiary’s failure to record this Deed of Trust or file any financing
statements (or Beneficiary’s improper recording or filing of any thereof) or to otherwise perfect, protect, secure or insure any security interest or lien given as security for the Note; and, in any such case, whether with or without notice to
Trustor and with or without consideration. Notwithstanding the foregoing, and notwithstanding anything else stated to the contrary in this Deed of Trust, none of the constituent members or partners in Trustor (nor any of their constituent members or
partners) shall have any liability whatsoever for any of Trustor’s obligations hereunder. 
 (m) The provisions of this
Section 4.26 shall be binding on and inure to the benefit of Trustor, the Indemnitees, and their respective successors and assigns. Without limiting the generality of the foregoing, the provisions of this Section 4.26 shall inure to the
benefit of each assignee or holder of the Note and each of such assignee’s or holder’s officers, directors, employees, agents and affiliates. Notwithstanding the foregoing, Trustor, without the prior written consent of Beneficiary in each
instance, may not assign, transfer or set over in whole or in part, all or any part of its benefits, rights, duties and obligations hereunder. 
  

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 (n) THE PROVISIONS OF THIS SECTION 4.26 SHALL SURVIVE FORECLOSURE, THE RECONVEYANCE, TERMINATION
AND RELEASE OF THIS DEED OF TRUST, BUT TRUSTOR’S LIABILITY HEREUNDER SHALL BE SUBJECT TO SECTION 18 OF THE NOTE. 
 ARTICLE 5 
 TRUSTOR’S NEGATIVE COVENANTS 
 5.1 Waste and Alterations. Trustor will not commit or permit any waste with respect to the Property or the Chattels. Trustor shall not cause or
permit any part of the Property, including but not limited to any building, structure, parking lot, driveway, landscape scheme, timber, or other ground improvement, to be removed, demolished, or materially altered without the prior written consent
of Beneficiary. 
 5.2 Zoning and Private Covenants. Trustor will not initiate, join in, or consent to any change in any zoning
ordinance or classification, any change in the “zone lot” or “zone lots” (or similar zoning unit or units) presently comprising the Property, any transfer of development rights, any change in any private restrictive covenant, or
any change in any other public or private restriction limiting or defining the uses which may be made of the Property or any part thereof, without the prior written consent of Beneficiary. If under applicable zoning provisions the use of all or any
part of the Property is or becomes a nonconforming use, Trustor will not cause such use to be discontinued or abandoned without the prior written consent of Beneficiary, and Trustor will use its best efforts to prevent the tenant under any Lease
from discontinuing or abandoning such use. 
 5.3 Interference with Leases. 
 (a) Subject to the provisions of Section 5.3(d) hereof, Trustor will neither do, nor neglect to do, anything which may cause or permit the
termination of any Lease of all or any part of the Property, or cause or permit the withholding or abatement of any rent payable under any such Lease. 
 (b) Subject to the provisions of Section 5.3(d) hereof, without Beneficiary’s prior written consent, which may be granted or withheld in Beneficiary’s sole discretion, Trustor shall not enter into or
modify any Lease of all or any part of the Property. Any submission by Trustor for Beneficiary’s approval of a Lease or modification thereof shall be accompanied by a copy of such Lease or modification, a Lease abstract, a then-current rent
roll for the Property, year-to-date and prior year operating statements for the Property, and a cover letter requesting Beneficiary’s approval which contains a signature line on which Beneficiary may evidence its approval of such Lease or
modification. 
 (c) Except with the prior written consent of Beneficiary, which may be granted or withheld in Beneficiary’s sole
discretion, Trustor will not (i) collect rent from all or any part of the Property for more than one month in advance, (ii) assign the rents from the Property or any part thereof, or (iii) subject to the provisions of
Section 5.3(d) hereof, consent to the cancellation or surrender of all or any part of any Lease, except that Trustor may in good faith terminate any Lease for nonpayment of rent or other material breach by the tenant. 
  

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 (d) Notwithstanding anything stated to the contrary in this Section 5.3, and provided that no Event
of Default exists and is continuing, Beneficiary’s approval shall not be required with respect to any new Lease entered into by the initial Trustor named herein for the Property in the future or with respect to any amendment, modification,
extension, expansion or termination of any existing Lease or future Lease; provided, however, that Trustor shall promptly deliver to Beneficiary a copy of any new Lease entered into by Trustor and any lease amendment, modification, extension,
expansion or termination of any existing Lease or future Lease entered into by Trustor. 
 (e) Without limiting the generality of the
foregoing, whether or not Beneficiary’s consent to the cancellation or surrender of any Lease is required hereunder, Beneficiary may (i) require that Trustor deposit into an escrow account acceptable to Beneficiary in its reasonable
discretion all cancellation penalties or other consideration paid to Trustor in an amount equal to or greater than $100,000.00 (and any such termination fees received by Trustor under said $100,000.00 may be retained by Trustor) in connection with
such cancellation or surrender (the “Termination Fees”); provided, however, that the amount of any Termination Fees required to be deposited by Trustor under this Section 5.3 shall be limited to the lesser of (1) the actual
amount of the Lease termination payment, and (2) the amount needed to cover the retenanting costs of the vacant space, and (ii) impose such restrictions and conditions on the timing and amount of disbursements of the Termination Fees from
such escrow account as Beneficiary may require in its reasonable discretion, including, without limitation (A) requiring that (1) such vacant space be relet to a tenant and under a Lease acceptable to Beneficiary in its reasonable
discretion (an “Approved Lease”), (2) the tenant under the Approved Lease is in occupancy of the Property and paying rent, (3) Trustor provide to Beneficiary a tenant estoppel certificate from the tenant under the Approved Lease
in a form acceptable to Beneficiary in Beneficiary’s reasonable discretion, and (4) Trustor provide to Beneficiary evidence acceptable to Beneficiary in its reasonable discretion that all improvements to the Property required by the
Approved Lease have been completed, and (B) limiting the amount of such disbursement to the lesser of the actual cost of retenanting such space or the amount calculated by dividing the Termination Fees by the total square feet of space vacated,
then multiplying that result by the number of square feet of newly leased space under the Approved Lease. If at any time the amount of Termination Fees held by Beneficiary exceeds the estimated amount needed for retenanting costs, such excess amount
shall be promptly remitted back to Trustor. Notwithstanding anything stated to the contrary herein, Permitted REIT Distributions (as defined in the Note) shall have priority over the requirement to deposit Termination Fees pursuant to this
Section 5.3(e) and the provisions of subsection 5.3(e)(ii)(A) shall apply only after a transfer of the Property by the initial Trustor named herein pursuant to the provisions of Section 5.4(c), below. Trustor hereby grants to
Beneficiary a security interest in the Termination Fees and agrees that, following the occurrence of any Event of Default, Beneficiary may apply the Termination Fees against the Secured Obligations in such order and manner as Beneficiary may elect
in its sole discretion. 
  

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 5.4 Transfer or Further Encumbrance of Property. 
 (a) Without Beneficiary’s prior written consent, which consent may be granted or withheld in Beneficiary’s sole and absolute discretion,
Trustor shall not (i) sell, assign, convey, transfer or otherwise dispose of any legal, beneficial or equitable interest in all or any part of the Property, (ii) permit or suffer any owner, directly or indirectly, of any beneficial
interest in the Property or Trustor to transfer such interest, whether by transfer of partnership, membership, stock or other beneficial interest in any entity or otherwise, or (iii) mortgage, hypothecate or otherwise encumber or permit to be
encumbered or grant or permit to be granted a security interest in all or any part of the Property or Trustor or any beneficial or equitable interest in either the Property or Trustor. The provisions of this Section shall not prohibit transfers
of title or interest under any will or testament or applicable law of descent. 
 (b) Notwithstanding the provisions of Section 5.4(a),
the initial Trustor named herein shall have the right to modify its organizational documents and/or structure without Beneficiary’s consent provided that such modifications do not result in a violation this Section 5.4. In addition, the
provisions of this Section 5.4 shall not prohibit transfers, pledges or the incurring of debt or other liabilities or obligations, or the signing of guarantees or other agreements by (or impose any financial covenants of any kind, including,
without limitation, net worth requirements, on) KBS Limited Partnership or any of the direct or indirect owners of KBS Limited Partnership, provided that (i) KBS Real Estate Investment Trust, Inc. (“KBS REIT”) continues to directly or
indirectly own Trustor and (ii) the sole asset manager of KBS REIT is any one or more of the following: (A) an entity indirectly or directly owned and controlled by Peter Bren and/or Charles Schreiber, Jr., or (B) an
entity reasonably acceptable to Beneficiary using commercial standards customarily applied by prudent institutional mortgage lenders for similar loans. 
 (c) Notwithstanding the provisions of Section 5.4(a) to the contrary, Beneficiary shall permit transfer of the Property twice, provided that all of the following conditions are satisfied with respect to each such
transfer: (i) no Event of Default has occurred and is continuing; (ii) Trustor has paid to Beneficiary an assumption fee of one percent (1%) of the outstanding principal balance of the Secured Obligations; (iii) if the proposed
transferee is a land trust, Beneficiary has received a first-lien collateral assignment of all beneficial interest therein; (iv) Beneficiary has received and has had a reasonable opportunity to review and approve all organizational
documentation of the proposed transferee, including, without limitation, certificates and articles of formation, partnership and operating agreements, bylaws, certificates of good standing and authorizing resolutions and review all documents and
agreements executed or to be executed in connection with the proposed transfer; (v) the non-economic terms (e.g., those terms other than interest rate, payment schedule, principal balance, and non-recourse nature (subject to exceptions thereto
customarily included by Beneficiary in loan documents)) of the Loan Documents have been modified as Beneficiary may request in good faith; (vi) the proposed transferee has assumed all of Trustor’s obligations under the Loan Documents;
(vii) Beneficiary has received at least thirty (30) days’ prior written notice of the proposed transfer; (viii) the proposed transferee (and, if applicable, its general partners) has a satisfactory history and recent experience
of owning, operating and leasing property similar to the Property; (ix) the proposed transferee (and, if applicable, its general partners) has, in the reasonable judgment of Beneficiary, a satisfactory credit history and professional reputation
and 

  

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character; (x) the Debt Service Coverage Ratio (as hereinafter defined) is not less than 1.75, and Beneficiary receives satisfactory evidence that such
ratio will be maintained for the succeeding twelve (12) months; (xi) the Loan-to-Value Ratio (as hereinafter defined), taking into account all obligations secured by liens on the Property does not exceed 54%; (xii) Trustor pays all
costs and expenses incurred by Beneficiary in connection with such transfer, including, without limitation, all legal, processing, accounting, title insurance, and appraisal fees, whether or not such transfer is actually consummated; (xiii) at
Beneficiary’s option, Beneficiary has received an endorsement to its mortgagee’s title insurance policy at Trustor’s expense, which endorsement states that the lien of this Deed of Trust remains a first and prior lien against the
Property subject to no exceptions other than as approved by Beneficiary; (xiv) principals of the proposed transferee satisfying, in the reasonable judgment of Beneficiary, Beneficiary’s then applicable credit review and underwriting
standards, execute a guaranty agreement guaranteeing the recourse obligations of Trustor under the Loan Documents and an environmental indemnity agreement in form and substance acceptable to Beneficiary in its sole discretion; (xv) a written
opinion of counsel for the proposed transferee and its principals satisfactory to Beneficiary shall be delivered to Beneficiary, including, without limitation, the existence, authority and due execution, and enforceability of the Loan Documents as
assumed by the proposed transferee and enforceability of any and all documents executed by the proposed transferee and its principals in connection with such transfer, (xvi) the proposed transferee, any person or entity executing any loan
documents in connection with the transfer, and their respective constituents, are not in violation of any laws relating to terrorism or money laundering, including without limitation, Executive Order No. 13224 on Terrorist Financing, effective
September 24, 2001, and relating to Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism, and the Bank Secrecy Act, as amended by the Uniting and Strengthening America by Providing
Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, as such laws have been or may hereafter be, renewed, extended, amended or replaced, (xvii) Beneficiary’s receipt of such new or increased impounds as Beneficiary
may require, including, without limitation, Tax Reserves, Insurance Reserves, tenant improvement and leasing commissions, capital improvements, capital expenditures and deferred maintenance, and the amendment of the Loan Documents to require the
proposed transferee to make monthly deposits of such new or increased impounds for such purposes thereafter; and (xviii) the proposed transferee establishes and maintains a Clearing Account (as defined in Section 4.25, above) in compliance
with the cash management provisions of Section 4.25 hereof. Upon the satisfaction of the foregoing conditions and execution of assumption documents in form and substance satisfactory to Beneficiary, Beneficiary shall release Trustor from
liability under the Loan Documents other than any such liability that arose on or prior to the effective date of the assumption or could be based on any event that occurred or any state of affairs that existed prior to or as of the effective date of
the assumption (including, without limitation, any liability arising under the exceptions to the non recourse provisions of the Loan Documents, and any liability arising under any environmental indemnity agreement). 
 (d) The term “Debt Service Coverage Ratio” shall mean the ratio, as reasonably determined by Beneficiary, of (i) Net Operating Income for
the Property for the preceding twelve (12) calendar months, to (ii) the annual debt service payments due under the loan evidenced by the Note (the “Loan”) and on all other indebtedness secured, or to be secured, by a lien on all
or any part of the Property, where “Net Operating Income” shall mean all gross revenues generated by the Property (excluding loans or contributions to capital), less operating 

  

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expenses (other than debt service payments due under the Loan), as determined on a cash accounting basis, as of the date of such calculation for the period
in question, adjusted, however, so that (A) operating expenses shall be deemed to include (1) a management fee equal to the greater of the actual management fee for the Property or four percent (4%) of gross revenues, and (2) a
tenant improvement, leasing commission, and capital improvement reserve equal to $0.75 per rentable square foot per year, (B) payments of operating expenses, including property taxes and assessments and insurance expenses, are to be spread out
over the period during which they accrued and shall be adjusted for any known future changes to any such expenses, (C) prepaid rents and other prepaid payments received are to be spread out over the periods during which such rents or payments
are earned or applicable, (D) security deposits shall not be included as items of income until duly applied or earned, (E) gross revenue shall be based on a lease-in-place analysis which reflects then current Leases in place, as determined
by Beneficiary, in its reasonable discretion, in accordance with its standard underwriting criteria, consistently applied, and excluding extraordinary, or one time items, and (F) any refunds or rebates to operating expenses are to be applied
and credited against the applicable operating expenses for the period that such operating expenses were incurred. Debt Service Coverage Ratio shall be calculated on a cash flow basis. The “Loan-to-Value Ratio” shall be the ratio, as
determined by Beneficiary, of the aggregate principal balance of the Note and all other indebtedness secured by liens or encumbrances against the Property to the fair market value of the Property, as such fair market value is determined by an M.A.I.
appraisal satisfactory to Beneficiary (the “Appraisal”). Upon Beneficiary’s request, Trustor shall deliver the appraisal to Beneficiary at Trustor’s sole cost and expense. 
 5.5 Further Encumbrance of Chattels. Trustor will neither create nor permit any lien, security interest or encumbrance against the Chattels or
Intangible Personalty or any part thereof or interest therein, other than the liens and security interests created by the Loan Documents, without the prior written consent of Beneficiary, which may be withheld for any reason. 
 5.6 Assessments Against Property. Trustor will not, without the prior written approval of Beneficiary, which may be withheld for any reason,
consent to or allow the creation of any so-called special districts, special improvement districts, benefit assessment districts or similar districts, or any other body or entity of any type, or allow to occur any other event, that would or might
result in the imposition of any additional taxes, assessments or other monetary obligations or burdens on the Property, and this provision shall serve as RECORD NOTICE to any such district or districts or any governmental entity under whose
authority such district or districts exist or are being formed that, should Trustor or any other person or entity include all or any portion of the Property in such district or districts, whether formed or in the process of formation, without first
obtaining Beneficiary’s express written consent, the rights of Beneficiary in the Property pursuant to this Deed of Trust or following any foreclosure of this Deed of Trust, and the rights of any person or entity to whom Beneficiary might
transfer the Property following a foreclosure of this Deed of Trust, shall be senior and superior to any taxes, charges, fees, assessments or other impositions of any kind or nature whatsoever, or liens (whether statutory, contractual or otherwise)
levied or imposed, or to be levied or imposed, upon the Property or any portion thereof as a result of inclusion of the Property in such district or districts. 
  

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 5.7 Transfer or Removal of Chattels. Trustor will not sell, transfer or remove from the Property
all or any part of the Chattels, unless the items sold, transferred, or removed are simultaneously replaced with similar items of equal or greater value. 
 5.8 Change of Name, Organizational I.D. No. or Location. Trustor will not change its name or the name under which it does business (or adopt or begin doing business under any other name or assumed or trade
name), change its organizational identification number, or change its location, without first notifying Beneficiary of its intention to do so and delivering to Beneficiary such organizational documents of Trustor and executed modifications or
supplements to this Deed of Trust (and to any financing statement which may be filed in connection herewith) as Beneficiary may require. For purposes of the foregoing, Trustor’s “location” shall mean (a) if Trustor is a
registered organization, Trustor’s state of registration, (b) if Trustor is an individual, the state of Trustor’s principal residence, or (c) if Trustor is neither a registered organization nor an individual, the state in which
Trustor’s place of business (or, if Trustor has more than one place of business, the Trustor’s chief executive office) is located. 
 5.9 Improper Use of Property or Chattels. Trustor will not use the Property or the Chattels for any purpose or in any manner which violates any applicable law, ordinance, or other governmental requirement, the requirements or
conditions of any insurance policy, or any private covenant. 
 5.10 ERISA. Trustor shall not engage in any transaction which would
cause the Note (or the exercise by Beneficiary of any of its rights under the Loan Documents) to be a non-exempt, prohibited transaction under ERISA (including for this purpose the parallel provisions of Section 4975 of the Internal Revenue
Code of 1986, as amended), or otherwise result in Beneficiary being deemed in violation of any applicable provisions of ERISA. Trustor shall indemnify, protect, defend, and hold Beneficiary harmless from and against any and all losses, liabilities,
damages, claims, judgments, costs, and expenses (including, without limitation attorneys’ fees and costs incurred in the investigation, defense, and settlement of claims and in obtaining any individual ERISA exemption or state administrative
exception that may be required, in Beneficiary’s sole and absolute discretion) that Beneficiary may incur, directly or indirectly, as the result of the breach by Trustor of any warranty or representation set forth in Section 3.3(x) hereof
or the breach by Trustor of any covenant contained in this Section. This indemnity shall survive any termination, satisfaction or foreclosure of this Deed of Trust and shall not be subject to the limitation on personal liability described in the
Note. 
 5.11 Use of Proceeds. Trustor will not use any funds advanced by Beneficiary under the Loan Documents for household or
agricultural purposes, to purchase margin stock, or for any purpose prohibited by law. 
 5.12 Single Purpose Entity. Trustor shall
not engage in any business other than the ownership, development, operation and disposition of the Property, and shall not own any assets other than those related to the Property, and shall not incur any subordinated debt or unsecured debt except
customary lease financings of non-fixture equipment in the ordinary course of Trustor’s business and except to trade creditors and service providers in the ordinary course of Trustor’s business. 
  

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 ARTICLE 6 
 EVENTS OF DEFAULT 
 Each of the following events will constitute an event of default (an “Event
of Default”) under this Deed of Trust and under each of the other Loan Documents: 
 6.1 Failure to Make Payments. Trustor’s
failure to make any payment due: (a) under the terms of the Note within five (5) days after the date such payment becomes due; or (b) under the terms of any other Loan Document when due, provided, however, that whether or not stated
in the applicable provision of any Loan Document, any payment or reimbursement obligation of Trustor (excluding, however, payments due under the Note) shall be due and payable within five (5) days following notice and demand therefor from
Beneficiary to Trustor. The notice and cure right described in clause (b) of the preceding sentence shall terminate upon transfer of the Property by the initial Trustor named herein pursuant to the provisions of Section 5.4(c), above.

 6.2 Due on Sale or Encumbrance. The occurrence of any violation of any covenant contained in Section 5.4, 5.5 or 5.7 hereof.

 6.3 Other Obligations. The failure of Trustor to properly perform any obligation contained herein or in any of the other Loan
Documents (other than the obligation to make payments under the Note or the other Loan Documents) and the continuance of such failure for a period of thirty (30) days following written notice thereof from Beneficiary to Trustor; provided,
however, that if such failure is not curable within such thirty (30) day period, then, so long as Trustor commences to cure such failure within such thirty (30) day period and is continually and diligently attempting to cure to completion,
such failure shall not constitute an Event of Default. 
 6.4 Levy Against Property. The levy against any of the Property, Chattels or
Intangible Personalty, of any execution, attachment, sequestration or other writ and the same is not released within sixty (60) days. 
 6.5 Liquidation. The liquidation, termination or dissolution of Trustor. 
 6.6 Appointment of Receiver. The
appointment of a trustee or receiver for the assets, or any part thereof, of Trustor, or the appointment of a trustee or receiver for any real or personal property, or the like, or any part thereof, representing the security for the Secured
Obligations and the same is not terminated within sixty (60) days. 
 6.7 Assignments. The making by Trustor of a transfer in
fraud of creditors or an assignment for the benefit of creditors. 
 6.8 Order for Relief. The entry in bankruptcy of an order for
relief for or against Trustor and the same is not terminated within sixty (60) days. 
 6.9 Bankruptcy. The filing of any
petition (or answer admitting the material allegations of any petition), or other pleading, seeking entry of an order for relief for or against 

  

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Trustor as a debtor or bankrupt or seeking an adjustment of any of such parties’ debts, or any other relief under any state or federal bankruptcy,
reorganization, debtor’s relief or insolvency laws now or hereafter existing, including, without limitation, a petition or answer seeking reorganization or admitting the material allegations of a petition filed against any such party in any
bankruptcy or reorganization proceeding, or the act of any of such parties in instituting or voluntarily being or becoming a party to any other judicial proceedings intended to effect a discharge of the debts of any such parties, in whole or in
part, or a postponement of the maturity or the collection thereof, or a suspension of any of the rights or powers of a trustee or of any of the rights or powers granted to Beneficiary herein, or in any other document executed in connection herewith.
Notwithstanding the foregoing, the filing of an involuntary bankruptcy petition against Trustor shall not constitute an Event of Default hereunder if such petition is dismissed within sixty (60) days after the date of such filing. 

6.10 Misrepresentation. If any representation or warranty made by Trustor in this Deed of Trust, any of the other Loan Documents, the Loan
Application or any other instrument or document modifying, renewing, extending, evidencing, securing or pertaining to the Note is false, misleading or erroneous in any material respect when made and shall cause a Material Adverse Effect. 

6.11 Judgments. The failure of Trustor to pay any money judgment in excess of $100,000.00 against any such party before the expiration of
thirty (30) days after such judgment becomes final and no longer appealable. 
 6.12 Admissions Regarding Debts. The
admission of Trustor in writing of its inability to pay its debts as they become due. 
 6.13 Assertion of Priority. The assertion of
any claim of priority over this Deed of Trust, by title, lien, or otherwise, unless Trustor within thirty (30) days after such assertion either causes the assertion to be withdrawn or provides Beneficiary with such security as Beneficiary may
require to protect Beneficiary against all loss, damage, or expense, including attorneys’ fees, which Beneficiary may incur in the event such assertion is upheld. 
 6.14 Other Loan Documents. The occurrence of any default by Trustor, after the lapse of any applicable grace or cure period, or the occurrence of any event or circumstance defined as an Event of Default, under
any of the Loan Documents other than this Deed of Trust. 
 6.15 Other Liens. The occurrence of any default by Trustor, after the
lapse of any applicable grace or cure period, or the occurrence of any event or circumstance defined as an Event of Default, under any other consensual lien encumbering the Property, or any part thereof or interest therein, or any document or
instrument evidencing obligations secured thereby. 
 ARTICLE 7 
 BENEFICIARY’S REMEDIES 
 Immediately upon or any time after the occurrence
of any Event of Default hereunder, Beneficiary may exercise any remedy available at law or in equity, including but not limited to those listed below and those listed in the other Loan Documents, in such sequence or combination as Beneficiary may
determine in Beneficiary’s sole discretion: 
  

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 7.1 Performance of Defaulted Obligations. Beneficiary may make any payment or perform any other
obligation under the Loan Documents or under Leases which Trustor has failed to make or perform, and Trustor hereby irrevocably appoints Beneficiary as the true and lawful attorney-in-fact for Trustor to make any such payment and perform any such
obligation in the name of Trustor. All payments made and expenses (including attorneys’ fees and expenses) incurred by Beneficiary in this connection, together with interest thereon at the Default Rate from the date paid or incurred until
repaid, will be part of the Secured Obligations and will be immediately due and payable by Trustor to Beneficiary. In lieu of advancing Beneficiary’s own funds for such purposes, Beneficiary may use any funds of Trustor which may be in
Beneficiary’s possession, including but not limited to insurance or condemnation proceeds and amounts deposited for taxes, insurance premiums, or other purposes. 
 7.2 Specific Performance and Injunctive Relief. Notwithstanding the availability of legal remedies, Beneficiary will be entitled to obtain specific performance, mandatory or prohibitory injunctive relief, or
other equitable relief requiring Trustor to cure or refrain from repeating any Default. 
 7.3 Acceleration of Secured Obligations.
Beneficiary may, without notice or demand, declare all of the Secured Obligations immediately due and payable in full. 
 7.4 Suit for
Monetary Relief. Subject to the non-recourse provisions of the Note, with or without accelerating the maturity of the Secured Obligations, Beneficiary may sue from time to time for any payment due under any of the Loan Documents, or for money
damages resulting from Trustor’s default under any of the Loan Documents. 
 7.5 Possession of Property. Beneficiary may enter
and take possession of the Property without seeking or obtaining the appointment of a receiver, may employ a managing agent for the Property, and may lease or rent all or any part of the Property, either in Beneficiary’s name or in the name of
Trustor, and may collect the rents, issues, and profits of the Property. Any revenues collected by Beneficiary under this Section will be applied first toward payment of all expenses (including attorneys’ fees) incurred by Beneficiary,
together with interest thereon at the Default Rate from the date incurred until repaid, and the balance, if any, will be applied against the Secured Obligations in such order and manner as Beneficiary may elect in its sole discretion. 
 7.6 Enforcement of Security Interests. Beneficiary may exercise all rights of a secured party under the Code with respect to the Chattels and the
Intangible Personalty, including but not limited to taking possession of, holding, and selling the Chattels and enforcing or otherwise realizing upon any accounts and general intangibles. Any requirement for reasonable notice of the time and place
of any public sale, or of the time after which any private sale or other disposition is to be made, will be satisfied by Beneficiary’s giving of such notice to Trustor at least five days prior to the time of any public sale or the time after
which any private sale or other intended disposition is to be made. 
  

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 7.7 Foreclosure Against Property. 
 (a) Beneficiary may foreclose this Deed of Trust, insofar as it encumbers the Property, either by judicial action or through Trustee. Should Beneficiary
elect to foreclose by exercise of the power of sale herein contained, Beneficiary shall notify Trustee and shall deposit with Trustee this Deed of Trust and the Note and such receipts and evidence of expenditures made and secured hereby as Trustee
may require. 
 (b) Upon receipt of such notice from Beneficiary, Trustee shall cause to be recorded, published and delivered to Trustor
such Notice of Default and Election to Sell as is then required by law and by this Deed of Trust. Trustee shall, without demand on Trustor, after lapse of such time as may then be required by law and after recordation of such Notice of Default and
after Notice of Sale having been given as required by law, sell the Property at the time and place of sale fixed by it in said Notice of Sale, either as a whole, or in separate lots or parcels or items as Trustee shall deem expedient, and in such
order as it may determine, at public auction to the highest bidder for cash in lawful money of the United States payable at the time of Sale. Trustee shall deliver to such purchaser or purchasers thereof its good and sufficient deed or deeds
conveying the property so sold, but without any covenant or warranty, express or implied. The recitals in such deed of any matters or facts shall be conclusive proof of the truthfulness thereof. Any person, including, without limitation, Trustor,
Trustee or Beneficiary, may purchase at such sale and Trustor hereby covenants to warrant and defend the title of such purchaser or purchasers. Trustor hereby constitutes and appoints Trustee as its attorney-in-fact with full power and authority to
execute, deliver, file, record or process on behalf of Trustor any and all instruments or documents or to take any other action on behalf of Trustor reasonably required to accomplish the vesting of the Property, or any part thereof, in the purchaser
or purchasers at any sale conducted hereunder. 
 (c) All fees, costs and expenses of any kind incurred by Beneficiary in connection with
foreclosure of this Deed of Trust, including, without limitation, the costs of any appraisals of the Property obtained by Beneficiary, the cost of any title reports or abstracts, all costs of any receivership for the Property advanced by
Beneficiary, and all attorneys’ and consultants’ fees and expenses incurred by Beneficiary, shall constitute a part of the Secured Obligations and may be included as part of the amount owing from Trustor to Beneficiary at any foreclosure
sale. The proceeds of any sale under this Section shall be applied first to the fees and expenses of the Trustee or other officer conducting the sale, and then to the reduction or discharge of the Secured Obligations; any surplus remaining
shall be paid over to Trustor or to such other person or persons as may be lawfully entitled to such surplus. 
 (d) Subject to California
Civil Code § 2924g, Trustee may postpone sale of all or any portion of the Property by public announcement at such time and place of sale, and from time to time thereafter may postpone such sale by public announcement at the time fixed by
the preceding postponement or subsequently noticed sale, and without further notice make such sale at the time fixed by the last postponement, or may in its discretion, give a new notice of sale. 
 (e) A sale of less than the whole of the Property or any defective or irregular sale made hereunder shall not exhaust the power of sale provided for
herein; and subsequent sales may be made hereunder until all obligations secured hereby have been satisfied, or the entire Property sold, without defect or irregularity. 
  

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 7.8 Appointment of Receiver. Beneficiary shall be entitled, as a matter of absolute right and
without regard to the value of any security for the Secured Obligations or the solvency of any person liable therefor, to the appointment of a receiver for the Property upon ex-parte application to any court of competent jurisdiction. Trustor waives
any right to any hearing or notice of hearing prior to the appointment of a receiver. Such receiver and its agents shall be empowered, but shall not be obligated, to (a) take possession of the Property and any businesses conducted by Trustor or
any other person thereon and any business assets used in connection therewith, (b) exclude Trustor and Trustor’s agents, servants, and employees from the Property, (c) collect the rents, issues, profits, and income therefrom,
(d) complete any construction which may be in progress, (e) do such maintenance and make such repairs and alterations as the receiver deems necessary, (f) use all stores of materials, supplies, and maintenance equipment on the
Property and replace such items at the expense of the receivership estate, (g) pay all taxes and assessments against the Property and the Chattels, all premiums for insurance thereon, all utility and other operating expenses, and all sums due
under any prior or subsequent encumbrance, and (h) generally do anything which Trustor could legally do if Trustor were in possession of the Property. All expenses incurred by the receiver or its agents shall constitute a part of the Secured
Obligations. Any revenues collected by the receiver shall be applied first to the expenses of the receivership, including attorneys’ fees incurred by the receiver and by Beneficiary, together with interest thereon at the Default Rate from the
date incurred until repaid, and the balance shall be applied toward the Secured Obligations or in such other manner as the court may direct. Unless sooner terminated with the express consent of Beneficiary, any such receivership will continue until
the Secured Obligations have been discharged in full, or until title to the Property has passed after foreclosure sale and all applicable periods of redemption have expired. 
 7.9 Right to Make Repairs, Improvements. Should any part of the Property come into the possession of Beneficiary, whether before or after an Event
of Default, Beneficiary may, but shall not be obligated to, use, operate, and/or make repairs, alterations, additions and improvements to the Property for the purpose of preserving it or its value. Trustor covenants to promptly reimburse and pay to
Beneficiary, at the place where the Note is payable, or at such other place as may be designated by Beneficiary in writing, the amount of all reasonable expenses (including the cost of any insurance, taxes, or other charges) incurred by Beneficiary
in connection with its custody, preservation, use or operation of the Property, together with interest thereon from the date incurred by Beneficiary at the Default Rate, and all such expenses, costs, taxes, interest, and other charges shall be a
part of the Secured Obligations. It is agreed, however, that the risk of accidental loss or damage to the Property is undertaken by Trustor and Beneficiary shall have no liability whatsoever for decline in value of the Property, for failure to
obtain or maintain insurance, or for failure to determine whether any insurance ever in force is adequate as to amount or as to the risks insured. 
 7.10 Surrender of Insurance. Beneficiary may surrender the insurance policies maintained pursuant to the terms hereof, or any part thereof, and receive and apply the unearned premiums as a credit on the Secured Obligations and, in
connection therewith, Trustor hereby appoints Beneficiary (or any officer of Beneficiary), as the true and lawful agent and attorney-in-fact for Trustor (with full powers of substitution), which power of attorney shall be deemed to be a power
coupled with an interest and therefore irrevocable, to collect such premiums. 
  

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 7.11 Prima Facie Evidence. Trustor agrees that, in any assignments, deeds, bills of
sale, notices of sale, or postings, given by Beneficiary, any and all statements of fact or other recitals therein made as to the identity of Beneficiary, or as to the occurrence or existence of any Event of Default, or as to the acceleration of the
maturity of the Secured Obligations, or as to the request to sell, posting of notice of sale, notice of sale, time, place, terms and manner of sale and receipt, distribution and application of the money realized therefrom, and without being limited
by the foregoing, as to any other act or thing having been duly done by Beneficiary, shall be taken by all courts of law and equity as prima facie evidence that such statements or recitals state facts and are without further question
to be so accepted, and Trustor does hereby ratify and confirm any and all acts that Beneficiary may lawfully do by virtue hereof. 
 ARTICLE 8 
 ASSIGNMENT OF LEASES AND RENTS 
 8.1 Assignment of Leases and Rents. Trustor hereby unconditionally and absolutely grants, transfers and assigns unto Beneficiary all rents,
royalties, issues, profits and income (“Rents”) now or hereafter due or payable for the occupancy or use of the Property, and all Leases, whether written or oral, with all security therefor, including all guaranties thereof, now or
hereafter affecting the Property; on the condition that Beneficiary hereby grants to Trustor a license to collect and retain such Rents prior to the occurrence of any Event of Default hereunder. Such license shall be revocable by Beneficiary without
notice to Trustor at any time after the occurrence of an Event of Default. Trustor represents that the Rents and the Leases have not been heretofore sold, assigned, transferred or set over by any instrument now in force and will not at any time
during the life of this assignment be sold, assigned, transferred or set over by Trustor or by any person or persons whomsoever; and Trustor has good right to sell, assign, transfer and set over the same and to grant to and confer upon Beneficiary
the rights, interest, powers and authorities herein granted and conferred. Failure of Beneficiary at any time or from time to time to enforce the assignment of Rents and Leases under this Section shall not in any manner prevent its subsequent
enforcement, and Beneficiary is not obligated to collect anything hereunder, but is accountable only for sums actually collected. 
 8.2
Further Assignments. Trustor shall give Beneficiary at any time upon demand any further or additional forms of assignment of transfer of such Rents, Leases and security as may be reasonably requested by Beneficiary, and shall deliver to
Beneficiary executed copies of all such Leases and security. 
 8.3 Application of Rents. Beneficiary shall be entitled to deduct and
retain a just and reasonable compensation from monies received hereunder for its services or that of its agents in collecting such monies. Any monies received by Beneficiary hereunder may be applied when received from time to time in payment of any
taxes, assessments or other liens affecting the Property regardless of the delinquency, such application to be in such order as Beneficiary may determine. The acceptance of this Deed of Trust by Beneficiary or the exercise of any rights by it
hereunder shall not be, or be construed to be, an affirmation by it of any Lease nor an assumption of any liability under any Lease. 
  

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 8.4 Collection of Rents. Upon or at any time after an Event of Default shall have occurred and be
continuing, Beneficiary may declare all sums secured hereby immediately due and payable, and may, at its option, without notice, and whether or not the Secured Obligations shall have been declared due and payable, either in person or by agent, with
or without bringing any action or proceeding, or by a receiver to be appointed by a court, (i) enter upon, take possession of, manage and operate the Property, or any part thereof (including without limitation making necessary repairs,
alterations and improvements to the Property); (ii) make, cancel, enforce or modify Leases; (iii) obtain and evict tenants; (iv) fix or modify Rents; (v) do any acts which Beneficiary deems reasonably proper to protect the
security thereof; and (vi) either with or without taking possession of the Property, in its own name sue for or otherwise collect and receive such Rents, including those past due and unpaid. In connection with the foregoing, Beneficiary shall
be entitled and empowered to employ attorneys, and management, rental and other agents in and about the Property and to effect the matters which Beneficiary is empowered to do, and in the event Beneficiary shall itself effect such matters,
Beneficiary shall be entitled to charge and receive reasonable management, rental and other fees therefor as may be customary in the area in which the Property is located; and the reasonable fees, charges, costs and expenses of Beneficiary or such
persons shall be additional Secured Obligations. Beneficiary may apply all funds collected as aforesaid, less costs and expenses of operation and collection, including reasonable attorneys’ and agents’ fees, charges, costs and expenses, as
aforesaid, upon any Secured Obligations, and in such order as Beneficiary may determine. The entering upon and taking possession of the Property, the collection of such Rents and the application thereof as aforesaid shall not cure or waive any
default or waive, modify or affect notice of default under the Note or this Deed of Trust or invalidate any act done pursuant to such notice. 
 8.5 Authority of Beneficiary. Any tenants or occupants of any part of the Property are hereby authorized to recognize the claims of Beneficiary hereunder without investigating the reason for any action taken by Beneficiary, or the
validity or the amount of indebtedness owing to Beneficiary, or the existence of any default in the Note or this Deed of Trust, or under or by reason of this assignment of Rents and Leases, or the application to be made by Beneficiary of any amounts
to be paid to Beneficiary. The sole signature of Beneficiary shall be sufficient for the exercise of any rights under this assignment and the sole receipt of Beneficiary for any sums received shall be a full discharge and release therefor to any
such tenant or occupant of the Property. Checks for all or any part of the rentals collected under this assignment of Rents and Leases shall be drawn to the exclusive order of Beneficiary. 
 8.6 Indemnification of Beneficiary. Nothing herein contained shall be deemed to obligate Beneficiary to perform or discharge any obligation, duty
or liability of any lessor under any Lease of the Property, and Trustor shall and does hereby indemnify and hold Beneficiary harmless from any and all liability, loss or damage which Beneficiary may or might incur under any Lease of the Property or
by reason of this assignment; and any and all such liability, loss or damage incurred by Beneficiary, together with the costs and expenses, including reasonable attorneys’ fees, incurred by Beneficiary in defense of any claims or demands
therefor (whether successful or not), shall be additional Secured Obligations, and Trustor shall reimburse Beneficiary therefor on demand. 
  

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 ARTICLE 9 
 MISCELLANEOUS PROVISIONS 
 9.1 Time of the Essence. Time is of the essence with respect to all
of Trustor’s obligations under the Loan Documents. 
 9.2 Joint and Several Obligations. If Trustor is more than one person or
entity, then (a) all persons or entities comprising Trustor are jointly and severally liable for all of the Secured Obligations; (b) all representations, warranties, and covenants made by Trustor shall be deemed representations,
warranties, and covenants of each of the persons or entities comprising Trustor; (c) any breach, Default or Event of Default by any persons or entities comprising Trustor hereunder shall be deemed to be a breach, Default or Event of Default of
Trustor; (d) any reference herein contained to the knowledge or awareness of Trustor shall mean the knowledge or awareness of any of the persons or entities comprising Trustor; and (e) any event creating personal liability of any of the
persons or entities comprising Trustor shall create personal liability for all such persons or entities. 
 9.3 Waiver of Homestead and
Other Exemptions. To the extent permitted by law, Trustor hereby waives all rights to any homestead or other exemption to which Trustor would otherwise be entitled under any present or future constitutional, statutory, or other provision of
applicable state or federal law. Trustor hereby waives any right it may have to require Beneficiary to marshal all or any portion of the security for the Secured Obligations. 
 9.4 Non-Recourse; Exceptions to Non-Recourse. Except as expressly set forth in the Note, the recourse of Beneficiary with respect to the
obligations evidenced by the Note, this Deed of Trust and the other Loan Documents shall be solely to the Property, Chattels and Intangible Personalty, and any other collateral given as security for the Note. 
 9.5 Rights and Remedies Cumulative. Beneficiary’s rights and remedies under each of the Loan Documents are cumulative of the rights and
remedies available to Beneficiary under each of the other Loan Documents and those otherwise available to Beneficiary at law or in equity. No act of Beneficiary shall be construed as an election to proceed under any particular provision of any Loan
Document to the exclusion of any other provision in the same or any other Loan Document, or as an election of remedies to the exclusion of any other remedy which may then or thereafter be available to Beneficiary. 
 9.6 No Implied Waivers. Beneficiary shall not be deemed to have waived any provision of any Loan Document unless such waiver is in writing and is
signed by Beneficiary. Without limiting the generality of the preceding sentence, neither Beneficiary’s acceptance of any payment with knowledge of a Default by Trustor, nor any failure by Beneficiary to exercise any remedy following a Default
by Trustor shall be deemed a waiver of such Default, and no waiver by Beneficiary of any particular Default on the part of Trustor shall be deemed a waiver of any other Default or of any similar Default in the future. 
  

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 9.7 No Third-Party Rights. No person shall be a third-party beneficiary of any provision of any of
the Loan Documents. All provisions of the Loan Documents favoring Beneficiary are intended solely for the benefit of Beneficiary, and no third party shall be entitled to assume or expect that Beneficiary will waive or consent to modification of any
such provision in Beneficiary’s sole discretion. 
 9.8 Preservation of Liability and Priority. Without affecting the liability
of Trustor or of any other person (except a person expressly released in writing) for payment and performance of all of the Secured Obligations, and without affecting the rights of Beneficiary with respect to any security not expressly released in
writing, and without impairing in any way the priority of this Deed of Trust over the interests of any person acquired or first evidenced by recording subsequent to the recording hereof, Beneficiary may, either before or after the maturity of the
Note, and without notice or consent: (a) release any person liable for payment or performance of all or any part of the Secured Obligations; (b) make any agreement altering the terms of payment or performance of all or any of the Secured
Obligations; (c) exercise or refrain from exercising, or waive, any right or remedy which Beneficiary may have under any of the Loan Documents; (d) accept additional security of any kind for any of the Secured Obligations; or
(e) release or otherwise deal with any real or personal property securing the Secured Obligations. Any person acquiring or recording evidence of any interest of any nature in the Property, the Chattels, or the Intangible Personalty shall be
deemed, by acquiring such interest or recording any evidence thereof, to have agreed and consented to any or all such actions by Beneficiary. 
 9.9 Subrogation of Beneficiary. Beneficiary shall be subrogated to the lien of any previous encumbrance discharged with funds advanced by Beneficiary under the Loan Documents, regardless of whether such previous encumbrance has been
released of record. 
 9.10 Notices. Any notice required or permitted to be given by Trustor or Beneficiary under this Deed of Trust
shall be in writing and will be deemed given (a) upon personal delivery, (b) on the first business day after receipted delivery to a courier service which guarantees next-business-day delivery, or (c) on the third business day after
mailing, by registered or certified United States mail, postage prepaid, in any case to the appropriate party at its address set forth below: 
 If to Trustor: 
 KBS Bridgeway Technology Center, LLC 
 c/o KBS Capital Advisors LLC 
 620 Newport Center Drive 
 Suite 1300 
 Newport Beach, California 92660 
 Attention: Ms. Stacie Yamane and Mr. David Kray 
  

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 with a copy to: 
 Morgan Lewis & Bockius LLP 
 5 Park Plaza, Suite 1750 
 Irvine, California 92614 
 Attention: Bruce
Fischer, Esq. 
 If to Beneficiary: 
 Merit Life Insurance Company 
 c/o AIG Global Investment Corp. 
 1 SunAmerica Center, 38th Floor 
 Century City 
 Los Angeles, California 90067-6022 
 Attention: Director-Mortgage Lending and Real Estate 

Either party may change such party’s address for notices or copies of notices by giving notice to the other party in accordance with this Section. 
 9.11 Defeasance. Upon payment and performance in full of all of the Secured Obligations, Beneficiary will execute and deliver to Trustor such
documents as may be required to release this Deed of Trust of record. 
 9.12 Illegality. If any provision of this Deed of Trust is
held to be illegal, invalid, or unenforceable under present or future laws effective during the term of this Deed of Trust, the legality, validity, and enforceability of the remaining provisions of this Deed of Trust shall not be affected thereby,
and in lieu of each such illegal, invalid or unenforceable provision there shall be added automatically as a part of this Deed of Trust a provision as similar in terms to such illegal, invalid, or unenforceable provision as may be possible and be
legal, valid, and enforceable. If the rights and liens created by this Deed of Trust shall be invalid or unenforceable as to any part of the Secured Obligations, then the unsecured portion of the Secured Obligations shall be completely paid prior to
the payment of the remaining and secured portion of the Secured Obligations, and all payments made on the Secured Obligations shall be considered to have been paid on and applied first to the complete payment of the unsecured portion of the Secured
Obligations. 
 9.13 Usury Savings Clause. It is expressly stipulated and agreed to be the intent of Beneficiary and Trustor at all
times to comply with the applicable law governing the highest lawful interest rate. If the applicable law is ever judicially interpreted so as to render usurious any amount called for under the Note or under any of the other Loan Documents, or
contracted for, charged, taken, reserved or received with respect to the Loan, or if acceleration of the maturity of the Note, any prepayment by Trustor, or any other circumstance whatsoever, results in Trustor having paid any interest in excess of
that permitted by applicable law, then it is the express intent of Trustor and Beneficiary that all excess amounts theretofore collected by Beneficiary be credited on the principal balance of the Note (or, at Beneficiary’s option, paid over to
Trustor), and the provisions of the Note and other Loan Documents immediately be deemed reformed and the amounts thereafter collectible hereunder and thereunder reduced, 

  

 38 

 
without the necessity of the execution of any new document, so as to comply with the applicable law, but so as to permit the recovery of the fullest amount
otherwise called for hereunder and thereunder. The right to accelerate maturity of the Note does not include the right to accelerate any interest which has not otherwise accrued on the date of such acceleration, and Beneficiary does not intend to
collect any unearned interest in the event of acceleration. All sums paid or agreed to be paid to Beneficiary for the use, forbearance or detention of the Secured Obligations evidenced hereby or by the Note shall, to the extent permitted by
applicable law, be amortized, prorated, allocated and spread throughout the full term of such Secured Obligations until payment in full so that the rate or amount of interest on account of such Secured Obligations does not exceed the maximum rate or
amount of interest permitted under applicable law. The term “applicable law” as used herein shall mean any federal or state law applicable to the Loan. 
 9.14 Obligations Binding Upon Trustor’s Successors. This Deed of Trust is binding upon Trustor and Trustor’s successors and assigns, and shall inure to the benefit of Beneficiary, and its successors
and assigns, and the provisions hereof shall likewise be covenants running with the land. The duties, covenants, conditions, obligations, and warranties of Trustor in this Deed of Trust shall be joint and several obligations of Trustor and
Trustor’s successors and assigns. 
 9.15 Construction. All pronouns and any variations of pronouns herein shall be deemed to
refer to the masculine, feminine, or neuter, singular or plural, as the identity of the parties may require. Whenever the terms herein are singular, the same shall be deemed to mean the plural, as the identity of the parties or the context requires.

 9.16 Attorneys’ Fees. Any reference in this Deed of Trust to attorneys’ or counsel’s fees paid or incurred by
Beneficiary shall be deemed to include paralegals’ fees and legal assistants’ fees. Moreover, wherever provision is made herein for payment of attorneys’ or counsel’s fees or expenses incurred by Beneficiary, such provision shall
include but not be limited to, such fees or expenses incurred in any and all judicial, bankruptcy, reorganization, administrative, or other proceedings, including appellate proceedings, whether such fees or expenses arise before proceedings are
commenced, during such proceedings or after entry of a final judgment. 
 9.17 Waiver and Agreement. TRUSTOR HEREBY EXPRESSLY WAIVES
ANY RIGHT IT MAY HAVE UNDER APPLICABLE LAW TO PREPAY THE NOTE, IN WHOLE OR IN PART, WITHOUT CHARGE, FEE OR PENALTY, UPON ACCELERATION OF THE MATURITY DATE OF THE NOTE, AND AGREES THAT, IF FOR ANY REASON A PREPAYMENT OF ALL OR ANY PART OF THE NOTE IS
MADE, WHETHER VOLUNTARILY OR FOLLOWING ANY ACCELERATION OF THE MATURITY DATE OF THE NOTE BY BENEFICIARY ON ACCOUNT OF THE OCCURRENCE OF ANY EVENT OF DEFAULT ARISING FOR ANY REASON, INCLUDING, WITHOUT LIMITATION, AS A RESULT OF ANY PROHIBITED OR
RESTRICTED TRANSFER, FURTHER ENCUMBRANCE OR DISPOSITION OF THE PROPERTY OR ANY PART THEREOF SECURING THE NOTE, OR ANY PROHIBITED DIRECT OR INDIRECT INTEREST IN TRUSTOR, THEN TRUSTOR SHALL BE OBLIGATED TO PAY, CONCURRENTLY WITH SUCH PREPAYMENT, THE
PREPAYMENT PREMIUM PROVIDED FOR IN THE NOTE (OR, IN THE EVENT OF ACCELERATION WHEN THE 

  

 39 

 
NOTE IS CLOSED TO PREPAYMENT, AS PROVIDED IN THE DEFINITION OF “SECURED OBLIGATIONS” SET FORTH IN ARTICLE 1 HEREOF) AND ANY AND ALL OTHER
CHARGES AND FEES DUE UNDER THE LOAN DOCUMENTS. TRUSTOR HEREBY EXPRESSLY WAIVES ANY RIGHT IT MAY HAVE UNDER CALIFORNIA CIVIL CODE SECTION 2954.10 WITH RESPECT TO THE FOREGOING. TRUSTOR HEREBY DECLARES THAT BENEFICIARY’S AGREEMENT TO MAKE
THE LOAN AT THE INTEREST RATE AND FOR THE TERM SET FORTH IN THE NOTE CONSTITUTES ADEQUATE CONSIDERATION, GIVEN INDIVIDUAL WEIGHT BY TRUSTOR, FOR THIS WAIVER AND AGREEMENT. 
              Trustor’s Initials 
 9.18 Waiver of Jury Trial. TRUSTOR HEREBY AGREES TO WAIVE TO THE FULLEST EXTENT NOT PROHIBITED BY LAW, ITS RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF: (A) THE LOAN OR THE PROPERTY,
(B) THE NOTE, THIS DEED OF TRUST, OR ANY OTHER LOAN DOCUMENT OR INSTRUMENT BETWEEN TRUSTOR AND BENEFICIARY RELATING TO THE NOTE, THE PROPERTY OR THE LOAN, OR (C) ANY DEALINGS BETWEEN TRUSTOR AND BENEFICIARY RELATING TO THE SUBJECT MATTER
OF THE NOTE OR THE LOAN. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THAT RELATIONSHIP, INCLUDING, WITHOUT LIMITATION, CONTRACT CLAIMS,
TORT CLAIMS, ANTITRUST CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. TRUSTOR HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH LEGAL COUNSEL OF ITS OWN CHOOSING, OR HAS HAD AN OPPORTUNITY TO
DO SO, AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS HAVING HAD THE OPPORTUNITY TO CONSULT WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL
APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS, OR MODIFICATIONS TO THIS DEED OF TRUST, THE NOTE OR ANY OTHER LOAN DOCUMENT. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS WRITTEN CONSENT TO A TRIAL BY THE COURT WITHOUT A
JURY. 
 9.19 Governing Laws. The substantive laws of the State of California shall govern the validity, construction, enforcement,
and interpretation of this Deed of Trust. 
 9.20 Entire Agreement; Inconsistency. The Loan Documents and the Loan Application
constitute the entire understanding and agreement between Trustor and Beneficiary with respect to the Loan and supersede all prior agreements, understandings or negotiations with respect thereto, whether written or oral. In the event of any
inconsistency between the terms of the Loan Documents and the terms the Loan Application, the terms of the Loan Documents shall govern and control in all respects. 
  

 40 

 9.21 Anti-Terrorism. Trustor represents, warrants and covenants to Beneficiary that: 

(a) Neither Trustor, nor or any of its constituents, affiliates, members, officers, directors or any individual who has the authority to execute or
authorize, or who has been authorized to execute, and/or whose consent is required for the execution of the Loan Documents on behalf of Trustor is in violation of any laws relating to terrorism or money laundering, including without limitation,
Executive Order No. 13224 on Terrorist Financing, effective September 24, 2001, and relating to Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism, (as the same has been, or may
hereafter be, renewed, extended, amended or replaced, the “Executive Order”) and the Bank Secrecy Act (31 U.S.C. § 5311 et seq.), as amended by the Uniting and Strengthening America by Providing Appropriate Tools
Required to Intercept and Obstruct Terrorism Act of 2001 (Public Law 107-56, as the same has been, or may hereafter be, renewed, extended, amended or replaced, the “Patriot Act”). As used herein, “Anti-Terrorism Laws” shall mean
any laws relating to terrorism or money laundering, including the Executive Order, the Patriot Act, the laws comprising or implementing the Bank Secrecy Act, and the laws administered by the United States Treasury Department’s Office of
Foreign Asset Control (as any of the foregoing laws may from time to time be renewed, extended, amended, or replaced). 
 (b) Neither
Trustor, nor any of its constituents, affiliates, members, officers, directors or any individual who has the authority to execute or authorize, or who has been authorized to execute, and/or whose consent is required for the execution of the Loan
Documents on behalf of Trustor, any person having a beneficial interest in Trustor, any person for whom Trustor is acting as agent or nominee, or, to Trustor’s actual knowledge without inquiry, any of its respective brokers or other agents
acting in any capacity in connection with the Loan or, to Trustor’s knowledge as of the date hereof, Trustor’s predecessor in interest to the Property is a “Prohibited Person,” which is defined as follows: 
 (i) a person or entity that is listed in the Annex to, or is otherwise subject to the provisions of, the Executive Order; 
 (ii) a person or entity owned or controlled by, or acting for or on behalf of, any person or entity that is listed in the Annex to, or is otherwise
subject to the provisions of, the Executive Order; 
 (iii) a person or entity with whom Beneficiary or any bank or other institutional
Beneficiary is prohibited from dealing or otherwise engaging in any Anti-Terrorism Law; 
 (iv) a person or entity who commits, threatens or
conspires to commit or supports “terrorism” as defined in the Executive Order; 
 (v) a person or entity that is named as a
“specially designated national” or “blocked person” on the most current list published by the U.S. Treasury Department Office of Foreign Assets Control at its official Website, http://www.treas.gov/ofac/t11sdn.pdf or at any
replacement Website or other replacement official publication of such list; and 
  

 41 

 (vi) a person or entity who is affiliated with a person or entity listed above. 
 (c) Neither Trustor, nor any of its constituents, affiliates, members, officers, directors or any individual who has the authority to execute or
authorize, or who has been authorized to execute, and/or whose consent is required for the execution of the Loan Documents on behalf of Trustor, or, to Trustor’s actual knowledge without inquiry, any of their respective brokers or other agents
acting in any capacity in connection with the Loan or, to Trustor’s knowledge as of the date hereof, the seller of the Property (if any portion of the Property is being acquired with proceeds of the Loan), does or shall (i) conduct any
business or engage in any transaction or dealing with any Prohibited Person, including making or receiving any contribution of funds, goods or services to or for the benefit of any Prohibited Person or leasing any portion of the Property to any
Prohibited Person, (ii) deal in, or otherwise engage in any transaction relating to, any property or interests in property blocked pursuant to the Executive Order, or (iii) engage in or conspire to engage in any transaction that evades or
avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set forth in any Anti-Terrorism Law. 
 (d) Trustor shall promptly deliver to Beneficiary any certification or other evidence reasonably requested from time to time by Beneficiary confirming Trustor’s compliance with this Section. The representations, warranties and
covenants set forth in this Section shall be deemed repeated and reaffirmed by Trustor as of each date that Trustor makes a payment to Beneficiary under the Note, this Deed of Trust and the other Loan Documents or receives any payment from
Beneficiary. Trustor shall promptly notify Beneficiary in writing should Trustor become aware of any change in the information set forth in these representations, warranties and covenants. 
 9.22 Limitation on Liability. Under no circumstances shall any of Trustor’s constituent members or partners (or any of their respective
constituent partners and/or members) have any personal liability for the payment or performance of any of Trustor’s obligations under the Note, this Deed of Trust or any other Loan Document. 
 [Balance of Page Intentionally Left Blank] 
  

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 IN WITNESS WHEREOF, Trustor has executed and delivered this Deed of Trust as of the date first mentioned
above. 
  

													
	 KBS BRIDGEWAY TECHNOLOGY CENTER, LLC, a Delaware
 limited liability company

		
	By:	 	 KBS Reit Acquisition XVI, LLC, a Delaware limited
 liability company, its sole member

			
		 	By:	 	 KBS Reit Properties, LLC, a Delaware limited
 liability company, its sole member

				
		 		 	By:	 	 KBS Limited Partnership, a Delaware limited
 partnership, its sole member

					
		 		 		 	By:	 	 KBS Real Estate Investment Trust, Inc., a
 Maryland corporation, general partner

						
		 		 		 		 	By:	 	 /s/ Charles J. Schreiber, Jr.

		 		 		 		 		 	Charles J. Schreiber, Jr.
		 		 		 		 		 	Chief Executive Officer

							
	State of California	 	)	 		  	
		 	)	 	ss	  	
	County of                                    
 	 	)	 		  	

 On
                        , 20    , before me,
                                        ,
personally appeared
                                        ,
personally known to me, or proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized
capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. 
 WITNESS my hand and official seal. 
  

	
	 /s/ Authorized Signatory

	Signature of NotaryPromissory Note (related to Royal Ridge Building in Alpharetta, GA)

 Exhibit 10.139 
 PROMISSORY NOTE 
  

			
	 U.S. $21,718,000.00
	  	August 1, 2007

 FOR VALUE RECEIVED, and at the times
hereinafter specified, KBS ROYAL RIDGE, LLC, a Delaware limited liability company (“Maker”), whose address is c/o KBS Capital Advisors LLC, 620 Newport Center Drive, Suite 1300, Newport Beach,
California 92660, hereby promises to pay to the order of AIG ANNUITY INSURANCE COMPANY, a Texas corporation (hereinafter referred to, together with each subsequent holder hereof, as “Holder”), at c/o AIG Global Investment Corp.,
1 SunAmerica Center, 38th Floor, Century City, Los Angeles, California 90067-6022, or at such other address as may be designated from
time to time hereafter by any Holder, the principal sum of TWENTY ONE MILLION SEVEN HUNDRED EIGHTEEN THOUSAND AND NO/100THS DOLLARS ($21,718,000.00), together with interest on the principal balance outstanding from time to time, as hereinafter
provided, in lawful money of the United States of America. 
 By its execution and delivery of this promissory note (this
“Note”), Maker covenants and agrees as follows: 
 1. Interest Rate and Payments. 
 (a) The balance of principal outstanding from time to time under this Note shall bear interest at the fixed rate of five and ninety-six one hundredths
percent (5.96%) per annum (the “Original Interest Rate”), based on a three hundred sixty (360) day year composed of twelve (12) months of thirty (30) days each; however, interest for partial months shall
be calculated by multiplying the principal balance of this Note by the applicable interest rate (i.e., the Original Interest Rate or the New Rate (hereinafter defined)), dividing the product by three hundred sixty (360), and multiplying that
result by the actual number of days elapsed. 
 (b) Interest only shall be payable on the date the loan evidenced by this Note (the
“Loan”) is funded by Holder (the “Funding Date”), in advance, for the period from and including the Funding Date through and including August 31, 2007 (the “Stub Interest Period”). 
 (c) Commencing on October 1, 2007, and on the first day of each month thereafter through and including August 1, 2013, payments of interest
only shall be payable, in arrears, in the amount of $107,866.07 each. 
 (d) The entire outstanding principal balance of this Note, together
with all accrued and unpaid interest and all other sums due hereunder, shall be due and payable in full on September 1, 2013 (the “Original Maturity Date”). 

 2. Holder’s Extension Option; Net Operating Income. Subject to the provisions of
Section 29 hereof: 
 (a) If Maker shall fail to pay the outstanding principal balance of this Note and all accrued interest and other
charges due hereon at the Original Maturity Date, Holder shall have the right, at Holder’s sole option and discretion, to extend the term of the Loan for an additional period of five (5) years (the “Extension Term”). If
Holder elects to extend the term of the Loan, Maker shall pay all fees of Holder incurred in connection with such extension, including, but not limited to, attorneys’ fees and title insurance premiums. Maker shall execute all documents
reasonably requested by Holder to evidence and secure the Loan, as extended, and shall obtain and provide to Holder any title insurance policy or endorsement requested by Holder. 
 (b) Should Holder elect to extend the term of the Loan as provided above, Holder shall (i) reset the interest rate borne by the then-existing
principal balance of the Loan to a rate per annum (the “New Rate”) equal to the greater of (A) the Original Interest Rate, or (B) Holder’s (or comparable lenders’, if Holder is no longer making such loans)
then-prevailing interest rate for five (5) year loans secured by properties similar to the Property (hereinafter defined), as determined by Holder in its sole discretion; (ii) re-amortize the then-existing principal balance of the
Loan over a thirty (30) year amortization period (the “New Amortization Period”); (iii) have the right to require Maker to enter into modifications of the non-economic terms of the Loan Documents as Holder may request (the
“Non-Economic Modifications”); and (iv) notwithstanding any provision set forth in the Loan Documents to the contrary, have the right to require Maker to make monthly payments into escrow for insurance premiums and real property
taxes, assessments and similar governmental charges. Hence, monthly principal and interest payments during the Extension Term shall be based upon the New Rate, and calculated to fully amortize the outstanding principal balance of the Loan over the
New Amortization Period. 
 (c) If Holder elects to extend the term of the Loan, Holder shall advise Maker of the New Rate within
fifteen (15) days following the Original Maturity Date. 
 (d) In addition to the required monthly payments of principal and
interest set forth above, commencing on the first day of the second month following the Original Maturity Date and continuing on the first day of each month thereafter during the Extension Term (each an “Additional Payment Date”), Maker
shall make monthly payments to Holder in an amount equal to all Net Operating Income (hereinafter defined) attributable to the Property for the calendar month ending on the last day of the month that is two months preceding each such Additional
Payment Date. For example, assuming the Original Maturity Date is January 1, then Net Operating Income for the period from January 1 through January 31 shall be payable to Holder on March 1; Net Operating Income for the period
from February 1 through February 28 shall be payable to Holder on April 1, and so on. 
 (e) Holder shall deposit all such
Net Operating Income received from Maker into an account or accounts maintained at a financial institution chosen by Holder or its servicer in its sole discretion (the “Deposit Account”) and all such funds shall be invested in a manner
acceptable to Holder in its sole discretion. All interest, dividends and earnings credited to the Deposit Account shall be held and applied in accordance with the terms hereof. 
  

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 (f) On the third Additional Payment Date and on each third Additional Payment Date thereafter, Holder
shall apply all Excess Funds (hereinafter defined), if any, to prepayment of amounts due under this Note, without premium or penalty. 
 (g)
As security for the repayment of the Loan and the performance of all other obligations of Maker under the Loan Documents, Maker hereby assigns, pledges, conveys, delivers, transfers and grants to Holder a first priority security interest in and to:
all Maker’s right, title and interest in and to the Deposit Account; all rights to payment from the Deposit Account and the money deposited therein or credited thereto (whether then due or in the future due and whether then or in the future on
deposit); all interest thereon; any certificates, instruments and securities, if any, representing the Deposit Account; all claims, demands, general intangibles, choses in action and other rights or interests of Maker in respect of the Deposit
Account; any monies then or at any time thereafter deposited therein; any increases, renewals, extensions, substitutions and replacements thereof; and all proceeds of the foregoing. 
 (h) From time to time, but not more frequently than monthly, Maker may request a disbursement (a “Disbursement”) from the Deposit Account for
capital expenses, tenant improvement expenses, leasing commissions and special contingency expenses. Holder may consent to or deny any such Disbursement in its sole discretion. 
 (i) Upon the occurrence of any Event of Default (hereinafter defined) (i) Maker shall not be entitled to any further Disbursement from the Deposit
Account; and (ii) Holder shall be entitled to take immediate possession and control of the Deposit Account (and all funds contained therein) and to pursue all of its rights and remedies available to Holder under the Loan Documents, at law and
in equity. 
 (j) All of the terms and conditions of the Loan shall apply during the Extension Term, except as expressly set forth above,
and except that no further extensions of the Loan shall be permitted. 
 (k) For the purposes of the foregoing: 
 (i) “Excess Funds” shall mean, on any Additional Payment Date, the amount of funds then existing in the Deposit Account
(including any Net Operating Income due on the applicable Additional Payment Date), less an amount equal to the sum of three regularly scheduled payments of principal and interest due on this Note; 
 (ii) “Net Operating Income” shall mean, for any particular period of time, Gross Revenue for the relevant period, less
Operating Expenses for the relevant period; provided, however, that if such amount is equal to or less than zero (0), Net Operating Income shall equal zero (0); 
 (iii) “Gross Revenue” shall mean all payments and other revenues (exclusive, however, of any payments attributable to sales
taxes) received by or 

  

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on behalf of Maker from all sources related to the ownership or operation of the Property, including, but not limited to, rents, room charges, parking fees,
interest, security deposits (unless required to be held in a segregated account), business interruption insurance proceeds, operating expense pass-through revenues and common area maintenance charges, for the relevant period for which the
calculation of Gross Revenue is being made; and 
 (iv) “Operating Expenses” shall mean the sum of all ordinary and
necessary operating expenses actually paid by Maker in connection with the operation of the Property during the relevant period for which the calculation of Operating Expenses is being made, including, but not limited to, (a) payments made by
Maker for taxes and insurance required under the Loan Documents, and (b) monthly debt service payments as required under this Note. 
 3. Budgets During Extension Term. Subject to the provisions of Section 29 hereof: 
 (a) Within
fifteen (15) days following the Original Maturity Date and on or before December 1 of each subsequent calendar year, Maker shall deliver to Holder a proposed revenue and expense budget for the Property for the remainder of the
calendar year in which the Original Maturity Date occurs or the immediately succeeding calendar year (as applicable). Such budget shall set forth Maker’s projection of Gross Revenue and Operating Expenses for the applicable calendar year, which
shall be subject to Holder’s reasonable approval. Once a proposed budget has been reviewed and approved by Holder, and Maker has made all revisions requested by Holder, if any, the revised budget shall be delivered to Holder and shall
thereafter become the budget for the Property hereunder (the “Budget”) for the applicable calendar year. If Maker and Holder are unable to agree upon a Budget for any calendar year, the budgeted Operating Expenses (excluding extraordinary
items) provided in the Budget for the Property for the preceding calendar year shall be considered the Budget for the Property for the subject calendar year until Maker and Holder agree upon a new Budget for such calendar year. 
 (b) During the Extension Term, Maker shall operate the Property in accordance with the Budget for the applicable calendar year, and the total of
expenditures relating to the Property exceeding one hundred and five percent (105%) of the aggregate of such expenses set forth in the Budget for the applicable time period shall not be treated as Operating Expenses for the purposes of
calculating “Net Operating Income,” without the prior written consent of Holder except for emergency expenditures which, in the Maker’s good faith judgment, are reasonably necessary to protect, or avoid immediate danger to, life or
property. 
 4. Reports During Extension Term. Subject to the provisions of Section 29 hereof: 
 (a) During the Extension Term, Maker shall deliver to Holder all financial statements reasonably required by Holder to calculate Net Operating Income,
including, without limitation, a monthly statement to be delivered to Holder concurrently with Maker’s payment of Net Operating Income that sets forth the amount of Net Operating Income 

  

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accompanying such statement and Maker’s calculation of Net Operating Income for the relevant calendar month. Such statements shall be certified by an
executive officer of Maker or Maker’s manager, managing member or general partner (as applicable) as having been prepared in accordance with the terms hereof and to be true, accurate and complete in all material respects. 
 (b) In addition, on or before February 1 of each calendar year during the Extension Term, Maker shall submit to Holder an annual income and expense
statement for the Property which shall include the calculation of Gross Revenue, Operating Expenses and Net Operating Income for the preceding calendar year and shall be accompanied by Maker’s reconciliation of any difference between the actual
aggregate amount of the Net Operating Income for such calendar year and the aggregate amount of Net Operating Income for such calendar year actually remitted to Holder. All such statements shall be certified by an executive officer of Maker or
Maker’s manager, managing member or general partner (as applicable) as having been prepared in accordance with the terms hereof and to be true, accurate and complete in all material respects. If any such annual financial statement discloses any
inconsistency between the calculation of Net Operating Income and the amount of Net Operating Income actually remitted to Holder, Maker shall immediately remit to Holder the amount of any underpayment of Net Operating Income for such calendar year
or, in the event of an overpayment by Maker, such amount may be withheld from any subsequent payment of Net Operating Income required hereunder. 
 (c) Holder may notify Maker within ninety (90) days after receipt of any statement or report required hereunder that Holder disputes any computation or item contained in any portion of such statement or report. If Holder so
notifies Maker, Holder and Maker shall meet in good faith within twenty (20) days after Holder’s notice to Maker to resolve such disputed items. If, despite such good faith efforts, the parties are unable to resolve the dispute at
such meeting or within ten (10) days thereafter, the items shall be resolved by an independent certified public accountant designated by Holder within fifteen (15) days after such ten (10) day period. The determination
of such accountant shall be final. All fees of such accountant shall be paid by Maker. Maker shall remit to Holder any additional amount of Net Operating Income found to be due for such periods within ten (10) days after the resolution of
such dispute by the parties or the accountant’s determination, as applicable. The amount of any overpayment found to have been made for such periods may be withheld from any required future remittance of Net Operating Income. 
 (d) Maker shall at all times keep and maintain full and accurate books of account and records adequate to reflect correctly all items required in
order to calculate Net Operating Income. 
 5. Prepayment. 
 (a) Maker shall have no right to prepay all or any part of this Note before the date that is twelve (12) calendar months from and after the first
day immediately following the Stub Interest Period (the “Lockout Expiration Date”). 
 (b) At any time on or after the Lockout
Expiration Date, Maker shall have the right to prepay the full principal amount of this Note and all accrued but unpaid interest 

  

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hereon as of the date of prepayment, provided that (i) Maker gives not less than thirty (30) days’ prior written notice to Holder of
Maker’s election to prepay this Note, and (ii) Maker pays a prepayment premium to Holder equal to the greater of (A) one percent (1%) of the outstanding principal amount of this Note or (B) the Present Value of this
Note (hereinafter defined), less the amount of principal being prepaid, calculated as of the prepayment date. 
 (c) Holder shall notify
Maker of the amount and basis of determination of the prepayment premium. Holder shall not be obligated to accept any prepayment of the principal balance of this Note unless such prepayment is accompanied by the applicable prepayment premium and all
accrued interest and other sums due under this Note. 
 (d) Except as expressly provided in this Note, in no event shall Maker be permitted
to make any partial prepayments of this Note. 
 (e) If Holder accelerates this Note for any reason, then in addition to Maker’s
obligation to pay the then outstanding principal balance of this Note and all accrued but unpaid interest thereon, Maker shall pay an additional amount equal to the prepayment premium that would be due to Holder if Maker were voluntarily prepaying
this Note at the time that such acceleration occurred, or if under the terms hereof no voluntary prepayment would be permissible on the date of such acceleration, Maker shall pay a prepayment premium calculated as set forth in the Deed to Secure
Debt (hereinafter defined). 
 (f) For the purposes of the foregoing: 
 (i) The “Present Value of this Note” with respect to any prepayment of this Note, as of any date, shall be determined by
discounting all scheduled payments of principal and interest remaining to maturity of this Note, attributed to the amount being prepaid, at the Discount Rate. If prepayment occurs on a date other than a regularly scheduled payment date, the actual
number of days remaining from the prepayment date to the next regularly scheduled payment date will be used to discount within such period; 
 (ii) The “Discount Rate” is the rate which, when compounded monthly, is equivalent to the Treasury Rate plus fifty (50) basis points, when compounded semi-annually; 
 (iii) The “Treasury Rate” is the semi-annual yield on the Treasury Constant Maturity Series with maturity equal to the
remaining weighted average life of this Note, for the week prior to the prepayment date, as reported in Federal Reserve Statistical Release H.15 - Selected Interest Rates, conclusively determined by Holder on the prepayment date. The rate
will be determined by linear interpolation between the yields reported in Release H.15, if necessary. In the event Release H.15 is no longer published, Holder shall select a comparable publication to determine the Treasury Rate.

 (g) Holder shall not be obligated actually to reinvest the amount prepaid in any treasury obligations as a condition precedent to
receiving any prepayment premium. 
  

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 (h) Notwithstanding the foregoing or anything stated to the contrary in this Note, (i) at any time
during the Extension Term, Maker shall have the right to prepay the full principal amount of this Note and all accrued but unpaid interest thereon as of the date of prepayment, without prepayment premium thereon, and (ii) no prepayment premium
shall be due in connection with the application of any insurance proceeds or condemnation awards to the principal balance of this Note, as provided in the Deed to Secure Debt, and (iii) Maker shall have the right to prepay the full principal
amount of this Note and all accrued but unpaid interest thereon as of the date of prepayment, without prepayment premium thereon at any time during the sixty (60) days prior to the Original Maturity Date. 
 6. Payments. Whenever any payment to be made under this Note shall be stated to be due on a Saturday, Sunday or public holiday or the equivalent
for banks generally under the laws of the State of Georgia (any other day being a “Business Day”), such payment may be made on the next succeeding Business Day. 
 7. Default Rate. 
 (a) The entire balance of principal, interest, and other sums due upon the
maturity hereof, by acceleration or otherwise, shall bear interest from the date due until paid at a per annum rate equal to five percent (5%) over the prime rate (for corporate loans at large United States money center
commercial banks) published in The Wall Street Journal on the first business day of each month (the “Default Rate”); provided, however, that such rate shall not exceed the maximum permitted by applicable state or federal law. In the
event The Wall Street Journal is no longer published or no longer publishes such prime rate, Holder shall select a comparable reference. 
 (b) If any payment under this Note is not made when due, interest shall accrue at the Default Rate from the date such payment was due until payment is actually made. 
 8. Late Charges. In addition to interest as set forth herein, Maker shall pay to Holder a late charge equal to four percent (4%) of any
amounts due under this Note in the event any such amount is not paid when due; provided, however, that Maker shall be permitted to make one (1) payment due under this Note within five (5) days following its due date in any consecutive
twelve (12) month period, without incurring a late charge. Such late charges shall only apply to the monthly payments due under this Note, and not to the amount due at maturity or upon acceleration. Such late charge is intended to compensate
Holder for the additional administrative expense of processing late payments and not as a penalty. 
 9. Application of Payments. All
payments hereunder shall be applied first to the payment of late charges, if any, then to the payment of prepayment premiums, if any, then to the repayment of any sums advanced by Holder for the payment of any insurance premiums, taxes, assessments,
or other charges against the property securing this Note (together with interest thereon at the Default Rate from the date of advance until repaid), then to the payment of accrued and unpaid interest, and then to the reduction of principal.

  

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 10. Immediately Available Funds. Payments under this Note shall be payable in immediately
available funds without setoff, counterclaim or deduction of any kind, and shall be made by electronic funds transfer from a bank account established and maintained by Maker for such purpose. 
 11. Security. This Note is secured by a Deed to Secure Debt, Security Agreement and Assignment of Leases and Rents of even date herewith granted
by Maker for the benefit of the named Holder hereof (the “Deed to Secure Debt”) encumbering certain real property and improvements thereon as more particularly described in such Deed to Secure Debt (the “Property”). 

12. Certain Definitions. Capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Deed to Secure Debt.

 13. Event of Default. Each of the following events will constitute an event of default (an “Event of Default”) under this
Note and under the Deed to Secure Debt and each other Loan Document, and any Event of Default under any Loan Document shall constitute an Event of Default hereunder and under each of the other Loan Documents: 
 (a) any failure to pay when due any sum hereunder within five (5) days after the date such payment becomes due; 
 (b) any failure of Maker to properly perform any obligation contained herein or in any of the other Loan Documents (other than the obligation to make
under this Note, or in any of the other Loan Documents, interest payments, scheduled payments, late charges or payments of other amounts which by their express terms require immediate payments without any grace period) and the continuance of such
failure for a period of thirty (30) days following written notice thereof from Holder to Maker; provided, however, that if such failure is not curable within such thirty (30) day period, then, so long as Maker commences to cure
such failure within such thirty (30) day period and is continually and diligently attempting to cure to completion, such failure shall not constitute an Event of Default; or 
 (c) subject to the provisions of Section 29 hereof, if, at any time during the Extension Term, Gross Revenue for any calendar month shall be less
than ninety-three percent (93%) of the amount of projected Gross Revenue for such month set forth in the applicable Budget. 
 14.
Acceleration. Upon the occurrence of any Event of Default, the entire balance of principal, accrued interest, and other sums owing hereunder shall, at the option of Holder, become at once due and payable without notice or demand. Upon the
occurrence of an Event of Default described in Section 13(c) hereof, Holder shall have the option, in its sole discretion, to either (a) exercise any remedies available to it under the Loan Documents, at law or in equity, or
(b) require Maker to submit a new proposed budget for Holder’s approval. If Holder agrees to accept such new proposed budget, then such budget shall become the Budget for all purposes hereunder. 
  

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 15. Conditions Precedent. Maker hereby certifies and declares that all acts, conditions and things
required to be done and performed and to have happened precedent to the creation and issuance of this Note, and to constitute this Note the legal, valid and binding obligation of Maker, enforceable in accordance with the terms hereof, have been done
and performed and happened in due and strict compliance with all applicable laws. 
 16. Certain Waivers and Consents. 
 (a) Maker and all parties now or hereafter liable for the payment hereof, primarily or secondarily, directly or indirectly, and whether as endorser,
guarantor, surety, or otherwise, hereby severally (i) waive presentment, demand, protest, notice of protest and/or dishonor, and all other demands or notices (other than notices expressly provided for under the Loan Documents) of any sort
whatever with respect to this Note, (ii) consent to impairment or release of collateral, extensions of time for payment, and acceptance of partial payments before, at, or after maturity, (iii) waive any right to require Holder to proceed
against any security for this Note before proceeding hereunder, (iv) waive diligence in the collection of this Note or in filing suit on this Note, and (v) agree to pay all costs and expenses, including reasonable attorneys’ fees,
which may be incurred in the collection of this Note or any part thereof or in preserving, securing possession of, and realizing upon any security for this Note. 
 (b) No failure to accelerate the debt evidenced hereby by reason of default hereunder, acceptance of a past due installment, or indulgence as granted from time to time shall be construed as a novation of this Note or
as a reinstatement of the indebtedness evidenced hereby or as a waiver of such right of acceleration or the right of Holder thereafter to insist upon strict compliance with the terms of this Note, or to prevent the right of such acceleration or any
right granted hereunder or under the laws of the State of Georgia; and Maker hereby expressly waives, to the extent possible, the benefit of any statute or rule of law or equity, now provided or which shall be provided which would produce a result
contrary or in conflict with the foregoing. No extension of time for the payment of this Note or any installment due hereunder made by agreement with any person now or hereafter liable for the payment of this Note shall operate to release,
discharge, modify, change or affect the original liability of Maker under this Note, either in whole or in part, unless Holder specifically and expressly agrees otherwise in writing. This Note may not be changed orally, but only by an agreement in
writing signed by the parties against whom enforcement of any waiver, change, modification or discharge is sought. 
 (c) Maker hereby
waives and renounces, to the extent same may be waived and renounced for itself, its representatives, successors and assigns, all rights for the benefit of any statute of limitations or any moratorium, reinstatement, marshalling, forbearance,
valuation, stay, extension, redemption, appraisement, exemption and homestead, now provided or which may hereafter be provided by the Constitution and the laws of the United States of America and of any State thereof, both as to itself and in and to
all of its property, real and personal, against the enforcement and collection of the obligations evidenced by this Note. To the extent Maker has the power to do so, Maker hereby transfers, conveys and assigns to Holder a sufficient amount of such
homestead and exemption as may be set apart in bankruptcy to pay this Note in full, with all costs of collection, and does hereby direct any trustee in bankruptcy 

  

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having possession of such homestead or exemption to deliver to Holder a sufficient amount of property or money set apart as exempt to pay the indebtedness
evidenced hereby or any renewal thereof, and does, to the extent possible, hereby appoint Holder the attorney-in-fact for Maker to claim any and all homesteads and exemptions allowed by law. 
 17. Usury Savings Clause. The provisions of this Note and of all agreements between Maker and Holder are, whether now existing or hereinafter
made, hereby expressly limited so that in no contingency or event whatever, whether by reason of acceleration of the maturity hereof, prepayment, demand for payment or otherwise, shall the amount paid, or agreed to be paid, to Holder for the use,
forbearance, or detention of the principal hereof or interest hereon, which remains unpaid from time to time, exceed the maximum amount permissible under applicable law, it particularly being the intention of the parties hereto to conform strictly
to Georgia and Federal law, whichever is applicable. If from any circumstance whatever, the performance or fulfillment of any provision hereof or of any other agreement between Maker and Holder shall, at the time performance or fulfillment of such
provision is due, involve or purport to require any payment in excess of the limits prescribed by law, then the obligation to be performed or fulfilled is hereby reduced to the limit of such validity, and if from any circumstance whatever Holder
should ever receive as interest an amount which would exceed the highest lawful rate, the amount which would be excessive interest shall be applied to the reduction of the principal balance owing hereunder (or, at Holder’s option, be paid over
to Maker) and shall not be counted as interest. To the extent permitted by applicable law, determination of the legal maximum amount of interest shall at all times be made by amortizing, prorating, allocating and spreading in equal parts during the
period of the full stated term of this Note, all interest at any time contracted for, charged, or received from Maker in connection with this Note and all other agreements between Maker and Holder, so that the actual rate of interest on account of
the indebtedness represented by this Note is uniform throughout the term hereof. 
 18. Non-Recourse; Exceptions to Non-Recourse. The
Loan will be non-recourse, except Maker (but not any of its constituent members, partners, shareholders, officers, directors, principals or employees) shall be liable for the amount of: 
 (a) any loss, damage or cost resulting from (i) fraud or intentional misrepresentation by Maker in connection with obtaining the Loan,
(ii) insurance proceeds or condemnation awards attributable to the Property not applied in accordance with the provisions of the Loan Documents, except to the extent that Maker did not have the legal right, because of a bankruptcy, receivership
or similar judicial proceeding, to direct disbursement of such sums or payments, (iii) the misappropriation or misapplication of rents, profits, issues, products and income of the Property received following any Event of Default under this Note
or any other Loan Document (including any received or collected by or on behalf of Maker after an Event of Default, except to the extent that Maker did not have the legal right, because of a bankruptcy, receivership or similar judicial proceeding,
to direct the disbursement of such sums), (iv) any act of intentional waste by Maker of the Property, (v) any breach by Maker of any covenant, agreement or representation and warranty relating to hazardous materials, (vi) failure to
pay property or other taxes, assessments or charges (other than amounts paid to Holder for taxes, assessments or payment of the taxes, assessments or charges pursuant to Holder’s impound requirements and where Holder elects not to apply such
impounds toward payment of the taxes, assessments or charges owed) when due to the extent that they create liens senior to the lien of 

  

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the Deed to Secure Debt on all or any portion of the Property, and (vii) any execution, amendment, modification or termination of any lease without the
prior written consent of Holder to the extent Holder’s consent is required under the Loan Documents; provided, however, the provisions of this clause (vii) shall not be applicable or of any force or effect so long as KBS Royal Ridge, LLC
is the borrower under the Loan. 
 (b) the Loan, in the event of (i) a breach of the due on sale or further encumbrance prohibition set
forth in Sections 5.4, 5.5 and 5.7 of the Deed to Secure Debt, (ii) a voluntary bankruptcy filing or other similar voluntary event by Maker or in the event of any involuntary bankruptcy filing or other similar involuntary event (other than
one filed by Holder) against Maker or the Property which is not dismissed within 90 days of filing, or (iii) any Event of Default resulting from Maker’s breach of Maker’s obligations to remit to Holder reserves for taxes, insurance
premiums or any other amounts required to be reserved pursuant to the Deed to Secure Debt or any other Loan Document. 
 19. Permitted
REIT Distributions. 
 (a) Except as otherwise expressly provided in this Section 19 and notwithstanding anything stated to the
contrary in this Note or in any of the other Loan Documents (but subject to this Section 19), Maker shall under all circumstances be entitled to receive income generated from the Property (including while an Event of Default may exist) to cover
Permitted REIT Distributions (as such term is defined below), except that, while an Event of Default continues in existence, Maker’s right to receive such income to cover Permitted REIT Distributions shall be conditioned upon: (i) the
payment of accrued and unpaid interest under the Loan, and (ii) if such Event of Default is the failure to pay principal on or after the Original Maturity Date (without any acceleration), the payment of such principal outstanding under the
Loan. 
 (b) “Permitted REIT Distributions” shall mean, subject to the Distribution Conditions (defined below), distributions
(directly or indirectly) by Maker to KBS Real Estate Investment Trust, Inc. (the “REIT”) (which indirectly owns 100% of Maker) to the extent that, if not distributed to the REIT: 
 (i) the REIT would, as the result of the failure of Maker to receive cash from the Property, be unable to distribute all REIT taxable
income with respect to the Property, or 
 (ii) the REIT would, as a result of the failure of Maker to receive cash from the
Property, fail to satisfy its obligations to pay REIT Operating Expenses (as such term is defined below). 
 (c) Maker’s right to
receive income generated from the Property in an amount (the “Permitted REIT Distribution Cash Flow”) sufficient to enable Maker to make Permitted REIT Distributions shall be subject to the following terms and conditions (collectively, the
“Distribution Conditions”): 
 (i) at least 14 days prior to the end of the then current Projection Period (as
defined below), Maker shall deliver to Holder: (A) written notice 

  

 11 

 
setting forth an estimate of the REIT’s taxable income for the Property and the Permitted REIT Operating Expenses (the “REIT Distribution
Notice”) for the immediate succeeding period of no less than one fiscal quarter and no more than one fiscal year (each, a “Projection Period”), which REIT Distribution Notice shall also set forth the amount of Permitted REIT
Distribution Cash Flow needed to make Permitted REIT Distributions related to such Projection Period, and (B) written confirmation from Ernst & Young or another “Big 4” accounting firm that the estimate of the
REIT’s taxable income generated by the Property for the applicable Projection Period, as reflected in the REIT Distribution Notice, is a reasonable estimate of the same, all in form and substance reasonably acceptable to Holder. Such estimate
shall be based on (1) the REIT’s actual taxable income for the Property and the actual Permitted REIT Operating Expenses for the then current calendar year and (2) the REIT’s projected taxable income for the Property and the
projected REIT Operating Expenses for the remainder of such calendar year. 
 (ii) Within 30 days following the end of each
fiscal quarter, Maker shall deliver to Holder a statement of the REIT’s best estimate of its taxable income for the Property (together with the REIT’s calculation thereof) and the actual REIT Operating Expenses for the immediately ended
fiscal quarter, and within thirty (30) days following the date that the REIT’s tax returns are filed for any fiscal year, Maker shall deliver to Holder a statement of the REIT’s actual taxable income for the Property for such fiscal
year together with evidence supporting such statement, and (A) if the Permitted REIT Distribution Cash Flow actually received by Maker for such fiscal quarter or fiscal year, as applicable, exceeded the actual cash needed to enable Maker to
make its Permitted REIT Distributions for such fiscal quarter or fiscal year, as applicable, the estimate of the Permitted REIT Distribution Cash Flow for the immediately succeeding fiscal quarter shall be adjusted to reduce the estimated amount of
the Permitted REIT Distribution Cash Flow by the amount of such excess, and (B) if the Permitted REIT Distribution Cash Flow actually received by Maker for such fiscal quarter or fiscal year, as applicable, was less than the actual cash needed
to enable Maker to make its Permitted REIT Distributions during such fiscal quarter or fiscal year, as applicable, the estimate of the Permitted REIT Distribution Cash Flow for the immediately succeeding fiscal quarter shall be adjusted to increase
the estimated amount of the Permitted REIT Distribution Cash Flow by the amount of such shortfall. 
 (iii) Notwithstanding
anything stated to the contrary in this Note or in any of the other Loan Documents, Holder acknowledges and agrees that, at all times prior to the Original Maturity Date, the funding of all reserves and other amounts are expressly subject to the
provisions permitting disbursement to Maker of Permitted REIT Distributions as provided herein. 
 (d) Notwithstanding anything to the
contrary in this Note or elsewhere in the Loan Documents, Maker shall have no right to receive Permitted REIT Distribution Cash Flow prior to Holder’s receipt of debt service, principal and any and all other amounts due under the Loan from and
after the occurrence of any assumption of the Loan pursuant to Section 5.4 of the Deed to Secure Debt. 
  

 12 

 (e) As used in this Note: 
 (i) “REIT Operating Expenses” shall mean the Allocated Share (as defined below) of all actual costs, expenses and/or amounts
incurred by, or payable or reimbursable by, the REIT or the REIT Operating Partnership (as such term is defined below) for any of the following: (A) charges and fees charged by banks, audit fees, tax preparation fees, legal fees, accounting
consulting fees related to emerging technical pronouncements, tax consulting fees relating to REIT issues, due diligence costs and fees arising from state and local taxes, fees and expenses incurred in connection with annual corporate filings, and
local, state and federal income taxes, and (B) professional fees related to corporate structuring and/or filings, consulting fees and filing fees arising from SEC reporting requirements including, without limitation, 10K filings, 10Q filings,
and 8k filings, consulting fees and other fees and costs related to Sarbanes-Oxley 404 compliance requirements. 
 (ii)
“Allocated Share” shall mean at any time, and from time to time, an amount expressed as a percentage that is calculated by dividing the cost basis of the Property by the cost basis of all real property owned directly or indirectly by the
REIT or the REIT Operating Partnership. 
 (iii) “REIT Operating Partnership” shall mean KBS Limited Partnership, a
Delaware limited partnership. 
 20. Severability. If any provision hereof or of any other document securing or related to the
indebtedness evidenced hereby is, for any reason and to any extent, invalid or unenforceable, then neither the remainder of the document in which such provision is contained, nor the application of the provision to other persons, entities, or
circumstances, nor any other document referred to herein, shall be affected thereby, but instead shall be enforceable to the maximum extent permitted by law. 
 21. Transfer of Note. Each provision of this Note shall be and remain in full force and effect notwithstanding any negotiation or transfer hereof and any interest herein to any other Holder or participant.

 22. Governing Law. Regardless of the place of its execution, this Note shall be construed and enforced in accordance with the laws
of the State of Georgia. 
 23. Time of Essence. Time is of the essence with respect to all of Maker’s obligations under this
Note. 
 24. Remedies Cumulative. The remedies provided to Holder in this Note, the Deed to Secure Debt and the other Loan Documents
are cumulative and concurrent and may be exercised singly, successively or together against Maker, the Property, and other security, or any guarantor of this Note, at the sole and absolute discretion of the Holder. 
 25. No Waiver. Holder shall not by any act or omission be deemed to waive any of its rights or remedies hereunder unless such waiver is in writing
and signed by the Holder and then only to the extent specifically set forth therein. A waiver of one event shall not be construed as continuing or as a bar to or waiver of any right or remedy granted to Holder hereunder in connection with a
subsequent event. 
  

 13 

 26. Joint and Several Obligation. If Maker is more than one person or entity, then (a) all
persons or entities comprising Maker are jointly and severally liable for all of the Maker’s obligations hereunder; (b) all representations, warranties, and covenants made by Maker shall be deemed representations, warranties, and covenants
of each of the persons or entities comprising Maker; (c) any breach, Default or Event of Default by any of the persons or entities comprising Maker hereunder shall be deemed to be a breach, Default, or Event of Default of Maker; and
(d) any reference herein contained to the knowledge or awareness of Maker shall mean the knowledge or awareness of any of the persons or entities comprising Maker. Holder acknowledges that, as of the date of this Note, Maker consist only of KBS
Royal Ridge, LLC. 
 27. WAIVER OF JURY TRIAL. MAKER AND HOLDER KNOWINGLY, IRREVOCABLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHT
EITHER MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION, PROCEEDING OR COUNTERCLAIM BASED ON THIS NOTE, OR ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS NOTE, THE DEED TO SECURE DEBT, OR ANY OTHER LOAN DOCUMENTS OR ANY COURSE OF CONDUCT,
COURSE OF DEALING, STATEMENT (WHETHER VERBAL OR WRITTEN) OR ACTIONS OF ANY PARTY HERETO OR TO ANY LOAN DOCUMENT. THIS PROVISION IS A MATERIAL INDUCEMENT FOR MAKER AND HOLDER TO ENTER INTO THE LOAN. 
 28. WAIVER OF PREPAYMENT RIGHT WITHOUT PREMIUM. MAKER HEREBY EXPRESSLY WAIVES ANY RIGHT IT MAY HAVE UNDER APPLICABLE LAW TO PREPAY THIS NOTE, IN
WHOLE OR IN PART, WITHOUT PREPAYMENT PREMIUM, UPON ACCELERATION OF THE ORIGINAL MATURITY DATE OF THIS NOTE, AND AGREES THAT, IF FOR ANY REASON A PREPAYMENT OF ALL OR ANY PART OF THIS NOTE IS MADE, WHETHER VOLUNTARILY OR FOLLOWING ANY ACCELERATION OF
THE ORIGINAL MATURITY DATE OF THIS NOTE BY HOLDER ON ACCOUNT OF THE OCCURRENCE OF ANY EVENT OF DEFAULT ARISING FOR ANY REASON, INCLUDING, WITHOUT LIMITATION, AS A RESULT OF ANY PROHIBITED OR RESTRICTED TRANSFER, FURTHER ENCUMBRANCE OR DISPOSITION OF
THE PROPERTY OR ANY PART THEREOF SECURING THIS NOTE, THEN MAKER SHALL BE OBLIGATED TO PAY, CONCURRENTLY WITH SUCH PREPAYMENT, THE PREPAYMENT PREMIUM PROVIDED FOR IN THIS NOTE OR, IN THE EVENT OF PREPAYMENT FOLLOWING ACCELERATION OF THE ORIGINAL
MATURITY DATE HEREOF WHEN THIS NOTE IS CLOSED TO PREPAYMENT, AS PROVIDED IN THE DEED TO SECURE DEBT. MAKER HEREBY DECLARES THAT HOLDER’S AGREEMENT TO MAKE THE LOAN AT THE INTEREST RATE AND FOR THE TERM SET FORTH IN THIS NOTE CONSTITUTES
ADEQUATE CONSIDERATION, GIVEN INDIVIDUAL WEIGHT BY MAKER, FOR THIS WAIVER AND AGREEMENT. 
 29. Applicability of Certain Provisions After
Loan Assumption. Notwithstanding anything to the contrary set forth in this Note: 
 (a) the provisions of Sections 2, 3, and 4 of
this Note shall be inapplicable and of no force and effect with respect to the named Maker hereof, but shall become applicable and remain in full force and effect immediately upon and after any permitted assumption of the Loan made pursuant to
Section 5.4 of the Deed to Secure Debt; and, 
  

 14 

 (b) the provisions of Section 19 of this Note shall apply only to the named Maker hereof and shall
become inapplicable and of no further force and effect immediately upon and after any permitted assumption of the Loan made pursuant to Section 5.4 of the Deed to Secure Debt. 
 30. Secondary Market Transactions. Holder shall have the right at any time: (a) to participate, syndicate or securitize all or any portion of
its interest in the Loan, (b) to cause the Loan to be split into senior and one or more junior or mezzanine Loans in whatever proportion Holder deems appropriate (which Loans may be secured by mortgages, deeds of trust and/or a pledge of direct
or indirect partnership or membership interests in Maker), and (c) to create one or more senior and subordinate notes (i.e., an A/B or A/B/C structure) or multiple components of such note or notes, and thereafter to sell, assign, participate,
syndicate or securitize all or any part of any variant of the Loan (any of the foregoing, a “Secondary Market Transaction”). Maker shall cooperate with Holder to facilitate any Secondary Market Transaction and the rating of the Loan
(or any resulting variant thereof) and of each securitization in which one or more Loans are included; provided that Maker shall not be required to (i) incur any out-of-pocket expense in connection therewith unless Holder agrees to pay for such
out-of-pocket expenses as they are incurred by Maker, (ii) agree to a modification of any Loan document, or (iii) take any actions that would impose a significant burden on Maker, including, without limitation, requesting executives of
Maker or other executives of entities holding an interest (direct or indirect) in Maker to participate in any form of presentation regarding the Property or the Loans. Maker’s cooperation obligation shall continue until the Loan has been sold
through a Secondary Market Transaction. 
 31. Limitation on Liability. Under no circumstances shall any of Maker’s constituent
members or partners (or any of their respective constituent partners and/or members) have any personal liability for the payment or performance of any of Maker’s obligations under this Note, the Deed to Secure Debt or any other Loan Document.

 [Balance of Page Intentionally Left Blank] 
  

 15 

 IN WITNESS WHEREOF and intending to be legally bound, Maker has duly executed this Note as of the date
first above written. 
  

															
		 		 	MAKER:
			
		 		 	 KBS ROYAL RIDGE, LLC, a Delaware
 limited
liability company

				
		 		 	By:	 	 KBS Reit Acquisition XVII, LLC, a Delaware
 limited liability company, its sole member

					
		 		 		 	By:	 	 KBS Reit Properties, LLC, a Delaware
 limited
liability company, its sole member

						
		 		 		 		 	By:	 	 KBS Limited Partnership, a Delaware
 limited
partnership, its sole member

							
		 		 		 		 		 	By:	 	 KBS Real Estate Investment
 Trust, Inc., a
Maryland
 corporation, general partner

								
		 		 		 		 		 		 	By:	 	 /s/ Charles J. Schreiber, Jr.

		 		 		 		 		 		 		 	Charles J. Schreiber, Jr.
		 		 		 		 		 		 		 	Chief Executive Officer

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