Document:

Form of Indemnification Agreement

 Exhibit 10.2 
 FORM OF INDEMNIFICATION AGREEMENT 
 THIS INDEMNIFICATION AGREEMENT
(“Agreement”) is made and entered into as of the [    ] day of [            ], 20[    ], by and between CytoDyn Inc., a Colorado
corporation (the “Company”), and [insert name] (“Indemnitee”). 
 WHEREAS, at the request of the Company,
Indemnitee currently serves as a [director or officer] of the Company and may, therefore, be subjected to claims, suits or proceedings arising as a result of such service; and 
 WHEREAS, as an inducement to Indemnitee to serve or continue to serve in such capacity, the Company has agreed to indemnify Indemnitee and to advance expenses and costs incurred by Indemnitee in
connection with any such claims, suits or proceedings, to the maximum extent permitted by law; and 
 WHEREAS, the parties by
this Agreement desire to set forth their agreement regarding indemnification and advance of expenses and to supersede any prior agreement to which the Company and Indemnitee are parties regarding these matters; 

NOW, THEREFORE, in consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and
agree as follows: 
 Section 1. Definitions. For purposes of this Agreement: 

(a) “Change in Control” means a change in control of the Company occurring after the Effective Date of a nature
that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule or form) promulgated under the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), whether or not the Company is then subject to such reporting requirement; provided, however, that, without limitation, such a Change in Control shall be deemed to have occurred if, after the Effective Date,
(i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the
Company representing 20% or more of the combined voting power of all of the Company’s then-outstanding securities entitled to vote generally in the election of directors without the prior approval of at least two-thirds of the members of the
Board of Directors in office immediately prior to such person’s attaining such percentage interest; or (ii) at any time, a majority of the members of the Board of Directors are not individuals (A) who were directors as of the
Effective Date or (B) whose election by the Board of Directors or nomination for election by the Company’s shareholders was approved by the affirmative vote of at least a majority of the directors then in office who were directors as of
the Effective Date or whose election or nomination for election was previously so approved. 

 (b) “Corporate Status” means the status of a person as a present
or former director, officer, employee or agent of the Company or as a director, trustee, officer, partner, manager, managing member, fiduciary, employee or agent of any other foreign or domestic corporation, partnership, limited liability company,
joint venture, trust, employee benefit plan or other enterprise of which such person is or was serving in such capacity at the request of the Company. As a clarification and without limiting the circumstances in which Indemnitee may be serving at
the request of the Company, service by Indemnitee will be deemed to be at the request of the Company: (i) if Indemnitee serves or served as a director, trustee, officer, partner, manager, managing member, fiduciary, employee or agent of any
corporation, partnership, limited liability company, joint venture, trust or other enterprise (1) of which a majority of the voting power or equity interest is owned directly or indirectly by the Company or (2) the management of which is
controlled directly or indirectly by the Company and (ii) if, as a result of Indemnitee’s service to the Company or any of its affiliated entities, Indemnitee is subject to duties by, or required to perform services for, an employee
benefit plan or its participants or beneficiaries, including as deemed fiduciary thereof. 
 (c)
“Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification and/or advance of Expenses is sought by Indemnitee. 

(d) “Effective Date” means the date set forth in the first paragraph of this Agreement. 

(e) “Expenses” means any and all reasonable and out-of-pocket attorneys’ fees and costs, retainers, court
costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, federal, state, local or foreign taxes imposed on Indemnitee as a result of
the actual or deemed receipt of any payments under this Agreement, ERISA excise taxes and penalties and any other disbursements or expenses incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or
preparing to be a witness in or otherwise participating in a Proceeding. Expenses shall also include Expenses incurred in connection with any appeal resulting from any Proceeding, including, without limitation, the premium, security for and other
costs relating to any cost bond, supersedeas bond or other appeal bond or its equivalent. 
 (f)
“Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any
matter material to either such party (other than with respect to matters concerning Indemnitee under this Agreement or of other indemnitees under similar indemnification agreements), or (ii) any other party to or participant or witness in the
Proceeding giving rise to a claim for indemnification or advance of Expenses hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct
then prevailing, would have a conflict of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. 

  
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 (g) “Proceeding” means any threatened, pending or completed
action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other proceeding, whether brought by or in the right of the Company or otherwise and whether of a civil (including intentional
or unintentional tort claims), criminal, administrative or investigative (formal or informal) nature, including any appeal therefrom. If Indemnitee reasonably believes that a given situation may lead to or culminate in the institution of a
Proceeding, such situation shall also be considered a Proceeding. 
 Section 2. Services by Indemnitee. Indemnitee
will serve in the capacity set forth in the first recital above. However, this Agreement shall not impose any independent obligation on Indemnitee or the Company to continue Indemnitee’s service to the Company. This Agreement is not an
employment contract between the Company (or any other entity) and Indemnitee. 
 Section 3. General. The Company
will indemnify, and advance Expenses to, Indemnitee (a) as provided in this Agreement and (b) otherwise to the maximum extent permitted by Colorado law in effect on the Effective Date and as amended from time to time; provided, however,
that no change in Colorado law shall have the effect of reducing the benefits available to Indemnitee hereunder for any act or omission occurring prior to any change in Colorado law. The rights of Indemnitee provided in this Section 3 include,
without limitation, the rights set forth in the other sections of this Agreement, including any additional indemnification permitted by Article 109 of the Colorado Business Corporation Act (the “CBCA”). 

Section 4. Standard for Indemnification. If, by reason of Indemnitee’s Corporate Status, Indemnitee is, or is threatened
to be, made a party to any Proceeding, the Company shall indemnify Indemnitee against all judgments, penalties, fines and amounts paid in settlement and all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in
connection with any such Proceeding unless it is established that (a) the act or omission of Indemnitee was committed in bad faith, (b) the Indemnitee did not reasonably believe (i) in the case of conduct in an official capacity with
the Company, that such conduct was in the Company’s best interest or (ii) in all other cases, that such conduct was at least not opposed to the Company’s best interest, or (c) in the case of any criminal Proceeding, Indemnitee
had reasonable cause to believe that Indemnitee’s conduct was unlawful. 
 Section 5. Certain Limits on
Indemnification. Notwithstanding any other provision of this Agreement (other than Section 6), Indemnitee shall not be entitled to: 
 (a) indemnification hereunder if the Proceeding was one by or in the right of the Company and Indemnitee is adjudged to be liable to the Company; or 

(b) indemnification hereunder in connection with any other Proceeding charging that Indemnitee derived an improper
personal benefit, whether or not involving action in an official capacity, in which Proceeding Indemnitee was adjudged liable on the basis that Indemnitee derived an improper personal benefit. 

  
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 Section 6. Court-Ordered Indemnification. Notwithstanding any other provision
of this Agreement, a court of appropriate jurisdiction, upon application of Indemnitee and such notice as the court shall require, may order indemnification of Indemnitee by the Company in the following circumstances: 

(a) if such court determines that the Indemnitee is entitled to mandatory indemnification under Section 7-109-103 of
the CBCA, the court shall order indemnification, in which case the court shall also order the Company to pay the Indemnitee’s reasonable expenses incurred to obtain court-ordered indemnification; or 

(b) if such court determines that the Indemnitee is fairly and reasonably entitled to indemnification in view of all the
relevant circumstances, whether or not the Indemnitee met the standard of conduct set forth in Section 7-109-102(1) of the CBCA or was adjudged liable in the circumstances described in Section 7-109-102(4) of the CBCA, the court may order
such indemnification as the court deems proper; except that the indemnification with respect to any proceeding in which liability shall have been adjudged in the circumstances described in Section 7-109-102(4) of the CBCA is limited to
reasonable expenses incurred in connection with the proceeding and reasonable expenses incurred to obtain court-ordered indemnification. 
 Section 7. Indemnification for Expenses of an Indemnitee Who is Wholly Successful. Notwithstanding any other provision of this Agreement, and without limiting any such provision, the Company
shall indemnify Indemnitee if Indemnitee is wholly successful, on the merits or otherwise, in the defense of any Proceeding to which Indemnitee was a party because of Indemnitee’s Corporate Status, against reasonable expenses incurred by
Indemnitee in connection with the Proceeding. 
 Section 8. Advance of Expenses for Indemnitee. If, by reason of
Indemnitee’s Corporate Status, Indemnitee is, or is threatened to be, made a party to any Proceeding, the Company shall advance all Expenses incurred by or on behalf of Indemnitee in connection with such Proceeding if (a) Indemnitee
furnishes to the Company a written affirmation, in substantially the form attached hereto as Exhibit A, of the Indemnitee’s good faith belief that Indemnitee has met the standard of conduct described in Section 7-109-102 of the
CBCA, (b) Indemnitee furnishes to the Company a written undertaking, in substantially the form attached hereto as Exhibit A, executed personally or on the Indemnitee’s behalf, to repay the advance if it is ultimately determined that
Indemnitee did not meet the standard of conduct, and (c) a determination is made in accordance with Section 7-109-106 of the CBCA that the facts then known to those making the determination would not preclude indemnification under the
CBCA. The Company shall make the determination required by Section 7-109-106 of the CBCA within ten days after the receipt by the Company of a written affirmation by Indemnitee and a written undertaking by or on behalf of Indemnitee and the
Company shall make such advance or advances within ten days after the determination, if it is determined that the facts then known to those making the determination would not preclude indemnification under the CBCA, whether prior to or after final
disposition of such Proceeding and may be in the form of, in the reasonable discretion of Indemnitee (but without duplication) (a) payment of such Expenses directly to third parties on behalf of Indemnitee, (b) advance of funds to
Indemnitee in an amount sufficient to pay such Expenses or (c) reimbursement to Indemnitee for Indemnitee’s payment of such Expenses. Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and shall
include or be preceded or accompanied by the written affirmation by Indemnitee and a written 

  
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undertaking by or on behalf of Indemnitee, in substantially the form attached hereto as Exhibit A. To the extent that Expenses advanced to Indemnitee do not relate to a specific claim,
issue or matter in the Proceeding, such Expenses shall be allocated on a reasonable and proportionate basis. The undertaking required by this Section 8 shall be an unlimited general obligation by or on behalf of Indemnitee and shall be accepted
without reference to Indemnitee’s financial ability to repay such advanced Expenses and without any requirement to post security therefor. 
 Section 9. Procedure for Determination of Entitlement to Indemnification. 
 (a) To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation and information as is reasonably available
to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. Indemnitee may submit one or more such requests from time to time and at such time(s) as Indemnitee deems appropriate in
Indemnitee’s sole discretion. The officer of the Company receiving any such request from Indemnitee shall, promptly upon receipt of such a request for indemnification, advise the Board of Directors in writing that Indemnitee has requested
indemnification. 
 (b) Upon written request by Indemnitee for indemnification pursuant to Section 9(a) above, a
determination, if required by applicable law, with respect to Indemnitee’s entitlement thereto shall promptly be made in the specific case: (i) if a Change in Control has occurred, by Independent Counsel, in a written opinion to the Board
of Directors, a copy of which shall be delivered to Indemnitee, which Independent Counsel shall be selected by the Indemnitee and approved by a majority vote of the full Board of Directors in accordance with Section 7-109-106(3)(a) of the CBCA,
which approval shall not be unreasonably withheld or delayed; or (ii) if a Change in Control has not occurred, (a) by the Board of Directors by a majority vote of those present at a meeting at which a quorum is present, and only those
directors not parties to the Proceeding shall be counted in satisfying the quorum; (b) if a quorum cannot be obtained, by a majority vote of a committee of the Board of Directors designated by the Board of Directors, which committee shall
consist of two or more directors not parties to the Proceeding; except that directors who are parties to the proceeding may participate in the designation of directors for the committee; or (c) if a quorum cannot be obtained as contemplated,
and a committee cannot be established, or, even if a quorum is obtained or a committee is designated, if a majority of the directors constituting such quorum or such committee so directs, the determination required to be made shall be made by
(i) Independent Counsel selected by a vote of the Board of Directors or the committee in the manner specified in accordance with Section 7-109-106(3)(a) of the CBCA or (ii) the shareholders. If it is so determined that Indemnitee is
entitled to indemnification, the Company shall make payment to Indemnitee within ten days after such determination. Indemnitee shall cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement
to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee
and reasonably necessary or appropriate to such determination in the discretion of the Board of Directors or Independent Counsel if retained. Any Expenses incurred by Indemnitee in so cooperating with the person, persons or entity making such
determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company shall indemnify and hold Indemnitee harmless therefrom. 

  
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 (c) The Company shall pay the reasonable fees and expenses of Independent Counsel, if one
is appointed. 
 Section 10. Remedies of Indemnitee. 

(a) If (i) a determination is made pursuant to Section 9(b) of this Agreement that Indemnitee is not entitled to
indemnification under this Agreement, (ii) advance of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 9(b) of
this Agreement within 60 days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Section 7 of this Agreement within ten days after receipt by the Company of a written
request therefor, or (v) payment of indemnification pursuant to any other section of this Agreement or the Articles of Incorporation or Bylaws of the Company is not made within ten days after a determination has been made that Indemnitee is
entitled to indemnification, Indemnitee shall be entitled to an adjudication in an appropriate court located in the State of Colorado, or in any other court of competent jurisdiction, or to arbitration, conducted by a single arbitrator pursuant to
the rules of the Arbitration Service of Portland, Inc., of Indemnitee’s entitlement to indemnification or advance of Expenses. Indemnitee shall commence a proceeding seeking an adjudication or an award in arbitration within 180 days following
the date on which Indemnitee first has the right to commence such proceeding pursuant to this Section 10(a); provided, however, that the foregoing clause shall not apply to a proceeding brought by Indemnitee to enforce Indemnitee’s rights
under Section 7 of this Agreement. Except as set forth herein, the provisions of Colorado law (without regard to its conflicts of laws rules) shall apply to any such arbitration. The Company shall not oppose Indemnitee’s right to seek any
such adjudication or award in arbitration. 
 (b) In any judicial proceeding or arbitration commenced pursuant to this
Section 10, Indemnitee shall be presumed to be entitled to indemnification or advance of Expenses, as the case may be, under this Agreement and the Company shall have the burden of proving that Indemnitee is not entitled to indemnification or
advance of Expenses, as the case may be. If Indemnitee commences a judicial proceeding or arbitration pursuant to this Section 10, Indemnitee shall not be required to reimburse the Company for any advances pursuant to Section 8 of this
Agreement until a final determination is made with respect to Indemnitee’s entitlement to indemnification (as to which all rights of appeal have been exhausted or lapsed). The Company shall, to the fullest extent not prohibited by law, be
precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 10 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or
before any such arbitrator that the Company is bound by all of the provisions of this Agreement. 
 (c) If a determination shall
have been made pursuant to Section 9(b) of this Agreement that Indemnitee is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 10,
absent a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification that was not introduced into
evidence in connection with the determination. 

  
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 (d) In the event that Indemnitee is successful in seeking, pursuant to this Section 10,
a judicial adjudication of or an award in arbitration to enforce Indemnitee’s rights under, or to recover damages for breach of, this Agreement, Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the Company
for, any and all Expenses actually and reasonably incurred by him in such judicial adjudication or arbitration. If it shall be determined in such judicial adjudication or arbitration that Indemnitee is entitled to receive part but not all of the
indemnification or advance of Expenses sought, the Expenses incurred by Indemnitee in connection with such judicial adjudication or arbitration shall be appropriately prorated. 

(e) Interest shall be paid by the Company to Indemnitee at the maximum rate allowed to be charged for judgments
under Title 13, Courts and Court Procedure, of the Colorado Revised Statutes for amounts which the Company pays or is obligated to pay for the period (i) commencing with either the tenth day after the date on which the Company was requested to
advance Expenses in accordance with Section 8 of this Agreement or the 60th day after the date on which the Company was requested to make the determination of entitlement to indemnification under Section 9(b) of this Agreement, as applicable, and (ii) ending on the
date such payment is made to Indemnitee by the Company. 
 Section 11. Defense of the Underlying Proceeding.

 (a) Indemnitee shall notify the Company promptly in writing upon being served with any summons, citation, subpoena,
complaint, indictment, request or other document relating to any Proceeding which may result in the right to indemnification or the advance of Expenses hereunder and shall include with such notice a description of the nature of the Proceeding and a
summary of the facts underlying the Proceeding. The failure to give any such notice shall not disqualify Indemnitee from the right, or otherwise affect in any manner any right of Indemnitee, to indemnification or the advance of Expenses under this
Agreement unless the Company’s ability to defend in such Proceeding or to obtain proceeds under any insurance policy is materially and adversely prejudiced thereby, and then only to the extent the Company is thereby actually so prejudiced.

 (b) Subject to the provisions of the last sentence of this Section 11(b) and of Section 11(c) below, the Company
shall have the right to defend Indemnitee in any Proceeding which may give rise to indemnification hereunder; provided, however, that the Company shall notify Indemnitee of any such decision to defend within 15 calendar days following receipt of
notice of any such Proceeding under Section 11(a) above. The Company shall not, without the prior written consent of Indemnitee, which shall not be unreasonably withheld or delayed, consent to the entry of any judgment against Indemnitee or
enter into any settlement or compromise which (i) includes an admission of fault of Indemnitee, (ii) does not include, as an unconditional term thereof, the full release of Indemnitee from all liability in respect of such Proceeding, which
release shall be in form and substance reasonably satisfactory to Indemnitee, or (iii) would impose any Expense, judgment, fine, penalty or limitation on Indemnitee. This Section 11(b) shall not apply to a Proceeding brought by Indemnitee
under Section 10 of this Agreement. 

  
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 (c) Notwithstanding the provisions of Section 11(b) above, if in a Proceeding to which
Indemnitee is a party by reason of Indemnitee’s Corporate Status, (i) Indemnitee reasonably concludes, based upon an opinion of counsel approved by the Company, which approval shall not be unreasonably withheld or delayed, that Indemnitee
may have separate defenses or counterclaims to assert with respect to any issue which may not be consistent with other defendants in such Proceeding, (ii) Indemnitee reasonably concludes, based upon an opinion of counsel approved by the
Company, which approval shall not be unreasonably withheld or delayed, that an actual or apparent conflict of interest or potential conflict of interest exists between Indemnitee and the Company, or (iii) if the Company fails to assume the
defense of such Proceeding in a timely manner, Indemnitee shall be entitled to be represented by separate legal counsel of Indemnitee’s choice, subject to the prior approval of the Company, which approval shall not be unreasonably withheld or
delayed, at the expense of the Company. In addition, if the Company fails to comply with any of its obligations under this Agreement or in the event that the Company or any other person takes any action to declare this Agreement void or
unenforceable, or institutes any Proceeding to deny or to recover from Indemnitee the benefits intended to be provided to Indemnitee hereunder, Indemnitee shall have the right to retain counsel of Indemnitee’s choice, subject to the prior
approval of the Company, which approval shall not be unreasonably withheld or delayed, at the expense of the Company (subject to Section 10(d) of this Agreement), to represent Indemnitee in connection with any such matter. 

Section 12. Non-Exclusivity; Survival of Rights; Subrogation. 

(a) The rights of indemnification and advance of Expenses provided by this Agreement shall not be deemed exclusive of any other rights to
which Indemnitee may at any time be entitled under applicable law, the charter or Bylaws of the Company, any agreement or a resolution of the shareholders entitled to vote generally in the election of directors or of the Board of Directors, or
otherwise. Unless consented to in writing by Indemnitee, no amendment, alteration or termination of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or
omitted by such Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration or termination, regardless of whether a claim with respect to such action or inaction is raised prior or subsequent to such amendment, alteration or
termination. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right or remedy shall be cumulative and in addition to every other right or remedy given hereunder or now or hereafter
existing at law or in equity or otherwise. The assertion of any right or remedy hereunder, or otherwise, shall not prohibit the concurrent assertion or employment of any other right or remedy. 

(b) In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights
of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights. 

  
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 Section 13. Insurance. 

(a) The Company will use its reasonable best efforts to acquire directors and officers liability insurance, on terms and conditions
deemed appropriate by the Board of Directors, with the advice of counsel, covering Indemnitee or any claim made against Indemnitee by reason of Indemnitee’s Corporate Status and covering the Company for any indemnification or advance of
Expenses made by the Company to Indemnitee for any claims made against Indemnitee by reason of Indemnitee’s Corporate Status. In the event of a Change in Control, the Company shall maintain in force any and all directors and officers liability
insurance policies that were maintained by the Company immediately prior to the Change in Control for a period of six years with the insurance carrier or carriers and through the insurance broker in place at the time of the Change in Control;
provided, however, (i) if the carriers will not offer the same policy and an expiring policy needs to be replaced, a policy substantially comparable in scope and amount shall be obtained and (ii) if any replacement insurance carrier is
necessary to obtain a policy substantially comparable in scope and amount, such insurance carrier shall have an AM Best rating that is the same or better than the AM Best rating of the existing insurance carrier; provided, further, however, in no
event shall the Company be required to expend in the aggregate in excess of 250% of the annual premium or premiums paid by the Company for directors and officers liability insurance in effect on the date of the Change in Control. In the event that
250% of the annual premium paid by the Company for such existing directors and officers liability insurance is insufficient for such coverage, the Company shall spend up to that amount to purchase such lesser coverage as may be obtained with such
amount. 
 (b) Without in any way limiting any other obligation under this Agreement, the Company shall indemnify Indemnitee for
any payment by Indemnitee arising out of the amount of any deductible or retention and the amount of any excess of the aggregate of all judgments, penalties, fines, settlements and Expenses incurred by Indemnitee in connection with a Proceeding over
the coverage of any insurance referred to in the previous sentence. The purchase, establishment and maintenance of any such insurance shall not in any way limit or affect the rights or obligations of the Company or Indemnitee under this Agreement
except as expressly provided herein, and the execution and delivery of this Agreement by the Company and the Indemnitee shall not in any way limit or affect the rights or obligations of the Company under any such insurance policies. If, at the time
the Company receives notice from any source of a Proceeding to which Indemnitee is a party or a participant (as a witness or otherwise), the Company has director and officer liability insurance in effect, the Company shall give prompt notice of such
Proceeding to the insurers in accordance with the procedures set forth in the respective policies. 
 Section 14.
Coordination of Payments. The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable or payable or reimbursable as Expenses hereunder if and to the extent that Indemnitee has otherwise actually
received such payment under any insurance policy, contract, agreement or otherwise. 
 Section 15. Contribution. If
the indemnification provided in this Agreement is unavailable in whole or in part and may not be paid to Indemnitee for any reason, other than for failure to satisfy the standard of conduct set forth in Section 4 or due to the provisions of
Section 5, then, in respect to any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), to the fullest extent permissible under applicable law, the Company, in lieu of indemnifying and
holding harmless Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for Expenses, judgments, penalties, and/or amounts paid or to be paid in settlement, in connection with any Proceeding without requiring
Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee. 

  
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 Section 16. Duration of Agreement; Binding Effect. 

(a) This Agreement shall continue until and terminate on the later of (i) the date that Indemnitee shall have ceased to serve
as a director, officer, employee or agent of the Company or as a director, trustee, officer, partner, manager, managing member, fiduciary, employee or agent of any other foreign or domestic corporation, real estate investment
trust, partnership, limited liability company, joint venture, trust, employee benefit plan or other enterprise that such person is or was serving in such capacity at the request of the Company and (ii) the date that Indemnitee is no longer
subject to any actual or possible Proceeding (including any rights of appeal thereto and any Proceeding commenced by Indemnitee pursuant to Section 10 of this Agreement). 
 (b) The indemnification and advance of Expenses provided by, or granted pursuant to, this Agreement shall be binding upon and be enforceable by the parties hereto and their respective successors and
assigns (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), shall continue as to an Indemnitee who has ceased to be a director, officer,
employee or agent of the Company or a director, trustee, officer, partner, manager, managing member, fiduciary, employee or agent of any other foreign or domestic corporation, partnership, limited liability company, joint venture, trust, employee
benefit plan or other enterprise that such person is or was serving in such capacity at the request of the Company, and shall inure to the benefit of Indemnitee and Indemnitee’s spouse, assigns, heirs, devisees, executors and administrators and
other legal representatives. No reduction or limitation of any indemnification right pursuant to any provision of the Articles or Bylaws, or of any agreement or vote of shareholders or directors, based on the fact that Indemnitee is no longer
serving as a director, officer, employee or agent of the Company will be deemed to reduce or limit any of Indemnitee’s rights hereunder. 
 (c) The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially all or a substantial part, of the business and/or
assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such
succession had taken place. 
 (d) The Company and Indemnitee agree that a monetary remedy for breach of this Agreement, at some
later date, may be inadequate, impracticable and difficult of proof, and further agree that such breach may cause Indemnitee irreparable harm. Accordingly, the parties hereto agree that Indemnitee may enforce this Agreement by seeking injunctive
relief and/or specific performance hereof, without any necessity of showing actual damage or irreparable harm and that by seeking injunctive relief and/or specific performance, Indemnitee shall not be precluded from seeking or obtaining any other
relief to which Indemnitee may be entitled. Indemnitee shall further be entitled to such specific performance and injunctive relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity of
posting bonds or other undertakings in connection therewith. The Company acknowledges that, in the absence of a waiver, a bond or undertaking may be required of Indemnitee by a court, and the Company hereby waives any such requirement of such a bond
or undertaking. 

  
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 Section 17. Severability. If any provision or provisions of this Agreement shall
be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any Section, paragraph or
sentence of this Agreement containing any such provision held to be invalid, illegal or unenforceable that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall remain enforceable to the
fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest
extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section, paragraph or sentence of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself
invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. 
 Section 18.
Identical Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement. 

Section 19. Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be
deemed to constitute part of this Agreement or to affect the construction thereof. 
 Section 20. Modification,
Termination and Waiver. No supplement, modification, amendment or termination of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or
shall constitute a waiver of any other provisions hereof (whether or not similar) nor, unless otherwise expressly stated, shall such waiver constitute a continuing waiver. 
 Section 21. Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given if (i) delivered by hand and
receipted for by the party to whom said notice or other communication shall have been directed, on the day of such delivery, or (ii) mailed by certified or registered mail with postage prepaid, on the third business day after the date on which
it is so mailed: 
 (a) If to Indemnitee, to the address set forth on the signature page hereto. 

(b) If to the Company, to: 
 CytoDyn Inc. 
 5 Centerpointe Drive, Suite 400 

Lake Oswego, Oregon 97035 
 Attn: Secretary 
 or to such other address as may have been furnished in writing to Indemnitee by
the Company or to the Company by Indemnitee, as the case may be. 
 Section 22. Governing Law. This Agreement shall
be governed by, and construed and enforced in accordance with, the laws of the State of Colorado, without regard to its conflicts of laws rules. 
 [SIGNATURE PAGE FOLLOWS] 

  
 -11-

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

			
	COMPANY:
	
	CYTODYN INC.
		
	By:	 	  

	Name:	 	
	Title:	 	
	
	INDEMNITEE
	
	  

	Name: [insert name]
	Address:

  
 -12-

 EXHIBIT A 
 AFFIRMATION AND UNDERTAKING TO REPAY EXPENSES ADVANCED 
  

	To:	The Board of Directors of CytoDyn Inc. 

  

	Re:	Affirmation and Undertaking 

 Ladies and
Gentlemen: 
 This Affirmation and Undertaking is being provided pursuant to that certain Indemnification Agreement dated the
[    ] day of [            ], 20[    ], by and between CytoDyn Inc., a Colorado corporation (the “Company”), and the undersigned Indemnitee
(the “Indemnification Agreement”), pursuant to which I am entitled to advance of Expenses in connection with [Description of Proceeding] (the “Proceeding”). 

Terms used herein and not otherwise defined shall have the meanings specified in the Indemnification Agreement. 

I am subject to the Proceeding by reason of my Corporate Status or by reason of alleged actions or omissions by me in such capacity. I
hereby affirm my good faith belief that at all times, insofar as I was involved as a [director or officer] of the Company in any of the facts or events giving rise to the Proceeding, I (1) did not act with bad faith or active or deliberate
dishonesty, (2) did not receive any improper personal benefit in money, property or services and (3) in the case of any criminal proceeding, had no reasonable cause to believe that any act or omission by me was unlawful. 

In consideration of the advance by the Company for Expenses incurred by me in connection with the Proceeding (the “Advanced
Expenses”), I hereby agree that if, in connection with the Proceeding, it is established that (1) an act or omission by me was committed in bad faith, (2) I did not reasonably believe (a) in a case of conduct in an official
capacity with the Company, that such conduct was in the Company’s best interests or (b) in all other cases, that such conduct was at least not opposed to the Company’s best interests, (3) I actually received an improper personal
benefit in money, property or services, (4) in connection with a Proceeding by or in the right of the Company I am adjudged liable to the Company, or (5) in the case of any criminal proceeding, I had reasonable cause to believe that the
act or omission was unlawful, then I shall promptly reimburse the portion of the Advanced Expenses relating to the claims, issues or matters in the Proceeding as to which the foregoing findings have been established. 

IN WITNESS WHEREOF, I have executed this Affirmation and Undertaking on this [    ] day of
[            ], 20[    ]. 
  

			
	Name:Officers' Certificate

 Exhibit 4.3 
 Officers’ Certificate 
 Pursuant to Sections 102, 201, 301 and 303 of
the Indenture 
 Dated: January 14, 2013 
 The undersigned, Tyler H. Rose, Executive Vice President, Chief Financial Officer and Secretary, and Michelle Ngo, Vice President and Treasurer, of Kilroy Realty Corporation, a Maryland corporation
(“KRC”), the guarantor (the “Guarantor”) of the Securities referred to below and the sole general partner (the “General Partner”) of Kilroy Realty, L.P., a Delaware limited partnership (the
“Company”), hereby certify as follows: 
 The undersigned, having read the appropriate provisions of the Indenture, dated as of
March 1, 2011 (the “Base Indenture”), among the Company, the Guarantor and U.S. Bank National Association, as trustee (the “Trustee”), as amended and supplemented by the Supplemental Indenture, dated as of
July 5, 2011 (the “Supplemental Indenture”), among the Company, the Guarantor and the Trustee (the Base Indenture, as so amended and supplemented, is called the “Indenture”), including Sections 201, 301 and 303
thereof and the definitions in such Indenture relating thereto, and certain other corporate documents and records, and having made such examination and investigation as, in the opinion of the undersigned, each considers necessary to enable the
undersigned to express an informed opinion as to whether (a) the conditions set forth in the Indenture relating to the establishment of the title and terms of the Company’s 3.800% Senior Notes due 2023 (the “Securities”),
the form of certificate evidencing the Securities and the form and terms of guarantees (the “Guarantees”) of the Guarantor to be endorsed on the certificates evidencing the Securities, have been satisfied, and (b) the
conditions in the Indenture relating to the authentication and delivery by the Trustee of the Securities have been satisfied, each hereby certify that: 
  

	 	(i)	the title and terms of the Securities and the terms of the Guarantees to be endorsed on the certificates evidencing the Securities were established by the undersigned
pursuant to authority delegated to them by resolutions duly adopted by the Board of Directors of KRC, on its own behalf and, in its capacity as General Partner, on behalf of the Company, on October 18, 2012, and the unanimous written consent of
the Pricing Committee of the Board of Directors of KRC, on its own behalf and, in its capacity as General Partner, on behalf of the Company, dated as of January 7, 2013 (collectively, the “Resolutions”) and such terms are set
forth in Annex I hereto; 

  

	 	(ii)	the form of certificate evidencing the Securities and the form of Guarantee to be endorsed on the certificates evidencing the Securities were established by the
undersigned pursuant to authority delegated to them by the Resolutions and shall be in substantially the forms attached as Annex II hereto (it being understood that, in the event that Securities are ever issued in definitive certificated
form, the legends appearing on the first page of such form of Securities may be removed); 

	 	(iii)	a true, complete and correct copy of the Resolutions, which are in full force and effect in the form adopted on the date hereof, are attached as
Annex III hereto and are also attached as an exhibit to the Certificate of the Secretary of the Company of even date herewith; 

  

	 	(iv)	the form, title and terms of the Securities and form and terms of Guarantees endorsed on the certificates evidencing the Securities have been established pursuant to
and in accordance with Sections 201 and 301 of the Indenture and comply with the Indenture and, in the opinion of the undersigned, all conditions provided for in the Indenture (including, without limitation, those set forth in Sections 201, 301 and
303 of the Indenture) relating to the establishment of the title and terms of the Securities and the terms of such Guarantees, the form of certificate evidencing the Securities and the form of such Guarantees and the execution, authentication and
delivery of the Securities and such Guarantees have been complied with and satisfied; and 

  

	 	(v)	to the best knowledge of the undersigned, no Event of Default (as defined in the Indenture) has occurred and is continuing with respect to the Securities.

 (SIGNATURE PAGE FOLLOWS) 

 IN WITNESS WHEREOF, we have hereunto set our hands as of the date first written above. 

 

	
	/s/ Tyler H. Rose
	 Tyler H. Rose
 Executive
Vice President, Chief Financial Officer and Secretary

  

	
	/s/ Michelle Ngo
	 Michelle Ngo
 Vice President
and Treasurer

 (Officer’s Certificate Pursuant to Sections 102, 201, 301 and 303 of the Indenture)

 ANNEX I 
 Capitalized terms used in this Annex I and not otherwise defined herein have the same definitions as in the Indenture referred to in the Officers’ Certificate of which this
Annex I constitutes a part. 
 (1) The Securities of the series established hereby shall be known and designated as
the “3.800% Senior Notes due 2023.” 
 (2) The aggregate principal amount of the Securities of such series which may
be authenticated and delivered under the Indenture is limited to $300,000,000, except for Securities of such series authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the same series
pursuant to Sections 304, 305, 306 or 1107 of the Indenture. However, such series may be re-opened by the Company for the issuance of additional Securities of such series, from time to time; provided that such additional Securities must be
treated as part of the same issue for U.S. federal income tax purposes as the Securities of such series issued on the date (the “Original Issue Date”) of the Officers’ Certificate of which this Annex I constitutes a part
and such additional Securities have the same terms, provisions and CUSIP number as the Securities of such series issued on the Original Issue Date (except for any difference in issue date, issue price, date from which Interest will begin to accrue,
Interest accrued prior to the issue date and first Interest Payment Date (as defined below)), and carry the same right to receive accrued and unpaid Interest, as the Securities of such series theretofore issued; provided, however, that,
notwithstanding the foregoing, such series may not be reopened if the Company has effected legal defeasance or covenant defeasance with respect to the Securities of such series pursuant to Section 402 of the Indenture or has effected
satisfaction and discharge with respect to the Securities of such series pursuant to Section 401 of the Indenture. All of the Securities of such series, including any additional Securities which may be issued upon a re-opening of such series,
shall constitute a single series of Securities under the Indenture. 
 (3) The Securities of such series are to be issuable only
as Registered Securities without coupons and may, but need not, bear a corporate seal. The Securities of such series shall initially be issued in book-entry form and represented by one or more permanent Global Securities of such series, the initial
depositary (the “Depositary”) for the Global Securities of such series shall be The Depository Trust Company and the depositary arrangements shall be those employed by whoever shall be the Depositary with respect to the Global
Securities of such series from time to time. Notwithstanding the foregoing, certificated Securities of such series in definitive form may be issued in exchange for Global Securities of such series under the circumstances contemplated by
Section 305 of the Indenture. Except as provided in Section 305 of the Indenture, beneficial owners of interests in a Global Security shall not be entitled to have certificates registered in their names, will not receive or be entitled to
receive physical delivery of certificates in definitive form and will not be considered Holders of such Global Security. 
 (4)
The Securities of such series shall be sold by the Company to the several underwriters named in the Underwriting Agreement, dated January 7, 2013, for whom J.P. Morgan Securities LLC, Barclays Capital Inc., Merrill Lynch, Pierce,
Fenner & Smith Incorporated and Wells Fargo Securities, LLC are acting as representatives, at a price equal to 

 
99.317% of the principal amount thereof and the initial price to public of the Securities of such series shall be 99.967% of the principal amount thereof plus accrued Interest from
January 14, 2013 if settlement occurs after that date, and underwriting discounts and commissions shall be 0.650% of the principal amount of such Securities. 
 (5) The final maturity date of the Securities of such series on which the principal thereof is due and payable shall be January 15, 2023. 

(6) The principal of the Securities of such series shall bear Interest at the rate of 3.800% per annum from January 14, 2013 or
from the most recent date to which Interest has been paid or duly provided for, payable semiannually in arrears on January 15 and July 15 (each, an “Interest Payment Date”) of each year, commencing July 15, 2013, to
the Persons in whose names such Securities (or one or more Predecessor Securities) are registered at the close of business on the January 1 or July 1, respectively, immediately prior to such Interest Payment Dates (each, a “Regular
Record Date”) regardless of whether such Regular Record Date is a Business Day. Interest on the Securities of such series will be computed on the basis of a 360-day year of twelve 30-day months. If any principal of, or premium, if any, or
Interest on, any of the Securities of such series is not paid when due, then such overdue principal and, to the extent permitted by law, such overdue premium or Interest, as the case may be, shall bear interest until paid or until such payment is
duly provided for at the rate of 3.800% per annum. 
 (7) Each of the Borough of Manhattan, The City
of New York and The City of Los Angeles, California is hereby designated as a Place of Payment for the Securities of such series. The place where the principal of and premium, if any, and Interest (including the Redemption Price upon redemption
pursuant to Article Eleven of the Indenture) on the Securities of such series shall be payable, where Securities of such series may be surrendered for the registration of transfer or exchange, and where notices or demands to or upon the Company or
the Guarantor in respect of the Securities of such series and the Indenture may be served shall be the office or agency maintained by the Company for such purpose in the Borough of Manhattan, The City of New York and in The City of Los Angeles,
California, which (i) with respect to the Borough of Manhattan, The City of New York, shall initially be the office of the Trustee in the Borough of Manhattan, The City of New York, which on the date hereof is located at U.S. Bank National
Association, 100 Wall Street, Suite 1600, New York, New York 10005; and (ii) with respect to The City of Los Angeles, California, shall initially be the office of the Trustee in The City of Los Angeles, California, which on the date hereof is
located at U.S. Bank National Association, 633 West Fifth Street, 24th Floor, Los Angeles, California 90071. 
 (8) The following redemption provisions
and definitions are hereby added to the Indenture for the benefit of the Securities of such series and the Holders of the Securities of such series and are hereby incorporated by reference in and made part of the Indenture for the benefit of the
Securities of such series and the Holders of the Securities of such series as if set forth in full therein. 
 The Securities of
such series are redeemable at the option of the Company, at any time or from time to time prior to October 15, 2022, either in whole or in part, at a Redemption Price equal to the greater of (i) 100% of the principal amount of the
Securities of such series to be redeemed and (ii) the sum of the present values of the remaining scheduled payments of 

 
principal of and Interest on the Securities of such series to be redeemed (exclusive of Interest accrued to the applicable Redemption Date) discounted to such Redemption Date on a semiannual
basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 30 basis points, plus in each case accrued and unpaid Interest on the principal amount of the Securities of such series being redeemed to such Redemption
Date. 
 On and after October 15, 2022, the Securities of such series are redeemable at the option of the Company, at any
time or from time to time, either in whole or in part, at a Redemption Price equal to 100% of the principal amount of the Securities of such series to be redeemed, plus accrued and unpaid Interest on the principal amount of the Securities of such
series being redeemed to the applicable Redemption Date. 
 Notwithstanding the foregoing, installments of Interest that are due
and payable on any Interest Payment Date falling on or prior to a Redemption Date with respect to the Securities of such series will be payable to the Holders of the Securities of such series (or one or more Predecessor Securities), registered as
such at the close of business on the relevant Regular Record Date according to their terms and the provisions of this Indenture. 
 If less than all of the Securities of such series are to be redeemed, the particular Securities of such series to be redeemed shall be selected in the manner provided in Section 1103 of the Indenture
in principal amounts of $2,000 and integral multiples of $1,000 in excess thereof; provided that, in the case of any Security of such series redeemed in part, the unredeemed portion thereof shall be in a principal amount of $2,000 or an integral
multiple of $1,000 in excess thereof. 
 Notwithstanding the foregoing, the Company shall not redeem the Securities of such
series on any date if the principal amount of the Securities of such series has been accelerated, and such acceleration has not been rescinded or cured on or prior to the applicable Redemption Date as provided in the Indenture. 

The redemption of the Securities of such series shall otherwise be made as provided in the Indenture, including Article Eleven thereof.

 Certain Definitions 
 “Treasury Rate” means, with respect to any Redemption Date for the Securities of such series, the rate per annum equal to the semi-annual equivalent yield to maturity of the Comparable
Treasury Issue, calculated by the Company using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. The Treasury Rate shall be calculated on
the third Business Day preceding the applicable Redemption Date. As used in the immediately preceding sentence and in the definition of “Reference Treasury Dealer Quotations” below, the term “Business Day” means any day, other
than a Saturday, Sunday or other day that is not a day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to close. 

“Comparable Treasury Issue” means, with respect to any Redemption Date for the Securities of such series, the United
States Treasury security selected by the Independent 

 
Investment Banker as having a maturity comparable to the remaining term of the Securities of such series to be redeemed that would be utilized, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the remaining term of the Securities of such series. 
 “Independent Investment Banker” means, with respect to any Redemption Date for the Securities of such series, J.P. Morgan Securities LLC and its successors, Barclays Capital Inc. and its
successors, Merrill Lynch, Pierce, Fenner & Smith Incorporated and its successors, or Wells Fargo Securities, LLC and its successors (whichever shall be appointed by the Company in respect of such Redemption Date) or, if all such firms or
the respective successors, if any, to such firms, as the case may be, are unwilling or unable to select the Comparable Treasury Issue, an independent investment banking institution of national standing appointed by the Company. 

“Comparable Treasury Price” means, with respect to any Redemption Date for the Securities of such series, (i) if
four Reference Treasury Dealer Quotations are obtained, the average (as calculated by the Company) of the remaining Reference Treasury Dealer Quotations for such Redemption Date after excluding the highest and lowest such Reference Treasury Dealer
Quotations from the four obtained, (ii) if fewer than four but more than one such Reference Treasury Dealer Quotations are obtained, the average (as calculated by the Company) of all such quotations, or (iii) if only one such Reference
Treasury Dealer Quotation is obtained, such Reference Treasury Dealer Quotation. 
 “Reference Treasury
Dealers” means J.P. Morgan Securities LLC, Barclays Capital Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and a Primary Treasury Dealer (as defined below) selected by Wells Fargo Securities, LLC (or their respective
affiliates which are Primary Treasury Dealers) and their respective successors; provided, however, that if any such firm (or, if applicable, any such affiliate) or any such successor, as the case may be, shall cease to be a primary U.S. Government
securities dealer in the United States (a “Primary Treasury Dealer”), the Company will substitute therefor another Primary Treasury Dealer. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date with respect to the Securities of such series, the average (as
calculated by the Company) of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by such Reference Treasury Dealer at 5:00 p.m., New York time,
on the third Business Day preceding such Redemption Date. 
 (9) The Securities of such series shall not be repayable or
redeemable at the option of the Holders prior to the final maturity date of the principal thereof (except as provided in Article Five of the Indenture) and shall not be subject to a sinking fund or analogous provision. 

(10) The Securities of such series shall be issued in denominations of $2,000 and integral multiples of $1,000 in excess thereof.

 (11) The Trustee shall be the initial trustee, Security Registrar, transfer agent and Paying Agent for the Securities of such
series. 

 (12) The entire outstanding principal amount of the Securities of such series shall be
payable upon acceleration of the maturity of the Securities of such series pursuant to Section 501 of the Indenture. 

(13) Payment of the principal of, and premium, if any, and Interest on (including the Redemption Price upon redemption pursuant to
Article Eleven of the Indenture) the Securities of such series shall be made in Dollars and the Securities of such series shall be denominated in Dollars. 
 (14) Other than amounts payable upon redemption of the Securities of such series at the option of the Company prior to October 15, 2022 in accordance with Section (8) above, the amount of
payments of principal of and premium, if any, and Interest on the Securities of such series shall not be determined with reference to an index, formula or other similar method. 

(15) Neither the Company nor the Holders of the Securities of such series shall have any right to elect the currency in which payments of
the principal of and premium, if any, and Interest on (including the Redemption Price upon redemption pursuant to Article Eleven of the Indenture) the Securities of the series are made. 

(16) In addition to the covenants set forth in the Indenture, the following covenants set forth below under the caption “Additional
Covenants” (the “Additional Covenants”) shall be and hereby are added to the Indenture for the benefit of the Securities of such series and the Holders of the Securities of such series, and the Additional Covenants, together
with the defined terms (the “Additional Definitions”) set forth in Section (25) below under the caption “Additional Definitions” are hereby incorporated by reference in and made part of the Indenture for the benefit
of the Securities of such series and the Holders of the Securities of such series as if set forth in full therein; provided that the Additional Covenants and the Additional Definitions set forth below shall only be applicable with respect to the
Securities of such series and the Additional Definitions and the Additional Covenants set forth below shall only be effective for so long as any of the Securities of such series is Outstanding: 

Additional Covenants 
 (a) Aggregate Debt Test. 
 (i) The Company will not, and will not permit any of
its Subsidiaries to, incur any Debt (including without limitation Acquired Debt) if, immediately after giving effect to the incurrence of such Debt and the application of the proceeds from such Debt on a pro forma basis, the aggregate principal
amount of all outstanding Debt of the Company and its Subsidiaries (determined on a consolidated basis in accordance with United States generally accepted accounting principles) is greater than 60% of the sum of the following (without duplication):

 (A) the Total Assets of the Company and its Subsidiaries as of the last day of the then most recently ended
fiscal quarter; and 

 (B) the aggregate purchase price of any real estate assets or mortgages
receivable acquired, and the aggregate amount of any securities offering proceeds received (to the extent such proceeds were not used to acquire real estate assets or mortgages receivable or used to reduce Debt), by the Company or any of its
Subsidiaries since the end of such fiscal quarter, including the proceeds obtained from the incurrence of such additional Debt. 

(ii) For purposes of this covenant, Debt will be deemed to be incurred by the Company or any of its Subsidiaries whenever the Company or
such Subsidiary shall create, assume, guarantee or otherwise become liable in respect thereof. 
 (b) Debt Service Test.

 (i) The Company will not, and will not permit any of its Subsidiaries to, incur any Debt (including without limitation
Acquired Debt) if the ratio of Consolidated Income Available for Debt Service to Annual Debt Service Charge for the period consisting of the four consecutive fiscal quarters most recently ended prior to the date on which such additional Debt is to
be incurred shall have been less than 1.5:1 on a pro forma basis after giving effect to the incurrence of such Debt and the application of the proceeds from such Debt (determined on a consolidated basis in accordance with United States generally
accepted accounting principles), and calculated on the following assumptions: 
 (A) such Debt and any other
Debt (including without limitation Acquired Debt) incurred by the Company or any of its Subsidiaries since the first day of such four-quarter period had been incurred, and the application of the proceeds from such Debt (including to repay or retire
other Debt) had occurred, on the first day of such period; 
 (B) the repayment or retirement of any other Debt
of the Company or any of its Subsidiaries since the first day of such four-quarter period had occurred on the first day of such period (except that, in making this computation, the amount of Debt under any revolving credit facility, line of credit
or similar facility will be computed based upon the average daily balance of such Debt during such period); and 

(C) in the case of any acquisition or disposition by the Company or any of its Subsidiaries of any asset or group of
assets with a fair market value in excess of $1.0 million since the first day of such four-quarter period, whether by merger, stock purchase or sale or asset purchase or sale or otherwise, such acquisition or disposition had occurred as of the first
day of such period with the appropriate adjustments with respect to such acquisition or disposition being included in such pro forma calculation. 
 (ii) If the Debt giving rise to the need to make the calculation described in this covenant or any other Debt incurred after the first day of the relevant
four-

 
quarter period bears interest at a floating rate, then, for purposes of calculating the Annual Debt Service Charge, the interest rate on such Debt will be computed on a pro forma basis by
applying the average daily rate which would have been in effect during the entire four-quarter period to the greater of the amount of such Debt outstanding at the end of such period or the average amount of such Debt outstanding during such period.
For purposes of this covenant, Debt will be deemed to be incurred by the Company or any of its Subsidiaries whenever the Company or such Subsidiary shall create, assume, guarantee or otherwise become liable in respect thereof. 

(c) Secured Debt Test. 
 (i) The Company will not, and will not permit any of its Subsidiaries to, incur any Debt (including without limitation Acquired Debt) secured by any Lien on any property or assets of the Company or any of
its Subsidiaries, whether owned on the Original Issue Date or subsequently acquired, if, immediately after giving effect to the incurrence of such Debt and the application of the proceeds from such Debt on a pro forma basis, the aggregate principal
amount (determined on a consolidated basis in accordance with United States generally accepted accounting principles) of all outstanding Debt of the Company and its Subsidiaries which is secured by a Lien on any property or assets of the Company or
any of its Subsidiaries is greater than 40% of the sum of (without duplication): 
 (A) the Total Assets of the
Company and its Subsidiaries as of the last day of the then most recently ended fiscal quarter; and 
 (B) the
aggregate purchase price of any real estate assets or mortgages receivable acquired, and the aggregate amount of any securities offering proceeds received (to the extent such proceeds were not used to acquire real estate assets or mortgages
receivable or used to reduce Debt), by the Company or any of its Subsidiaries since the end of such fiscal quarter, including the proceeds obtained from the incurrence of such additional Debt. 

(ii) For purposes of this covenant, Debt will be deemed to be incurred by the Company or any of its Subsidiaries whenever the Company or
such Subsidiary shall create, assume, guarantee or otherwise become liable in respect thereof. 
 (d) Maintenance of Total
Unencumbered Assets. The Company will not have at any time Total Unencumbered Assets of less than 150% of the aggregate principal amount of all outstanding Unsecured Debt of the Company and its Subsidiaries determined on a consolidated basis in
accordance with United States generally accepted accounting principles. 
 (17) Section 402 of the Indenture shall apply to
the Securities of such series, provided that (i) the Company may effect legal defeasance (as defined in the Indenture) and covenant defeasance (as defined in the Indenture) pursuant to Section 402 only with respect to all (and not less
than all) of the Outstanding Securities of such series and (ii) in addition to the covenants specifically referred to by section number in Section 402(3) of the Indenture, the Additional Covenants shall also be subject to covenant
defeasance pursuant to Section 402(3) of the 

 
Indenture; provided that, anything herein to the contrary notwithstanding, the only portions of Section 1004 of the Indenture that shall be subject to covenant defeasance are the portions
expressly identified in Section 402(3) of the Indenture as being subject to covenant defeasance. 
 (18) The Company shall
not be required to pay Additional Amounts with respect to the Securities of such series as contemplated by Section 1009 of the Indenture. 
 (19) The Securities of such series shall not be convertible or exchangeable into the General Partner’s Common Stock or Preferred Stock. 

(20) The obligations of the Company under the Securities of such series and the Indenture shall be guaranteed by the Guarantor as
provided in Article Sixteen of the Indenture and Guarantees endorsed on the certificates evidencing such Securities. 
 (21) The
Securities of such series will be senior unsecured obligations of the Company and the Guarantees of the Securities of such series set forth in Article Sixteen of the Indenture and endorsed on the certificates evidencing such Securities will be
senior unsecured obligations of the Guarantor. 
 (22) The provisions of Section 1010 of the Indenture shall be applicable
with respect to any term, provision or condition set forth in the Additional Covenants, in addition to any term, provision or condition set forth in Sections 1004 to 1007, inclusive, of the Indenture. 

(23) The Securities of such series and the Guarantees endorsed on certificates evidencing the Securities of such series shall have such
other terms and provisions as are set forth in the form of certificate evidencing the Securities of such series and form of related Guarantee endorsed thereon attached as Annex II to the Officers’ Certificate of which this
Annex I is a part, all of which terms and provisions are incorporated by reference in and made a part of this Annex I and the Indenture for the benefit of the Securities of such series and the Holders of the Securities of
such series as if set forth in full herein and therein. 
 (24) As used in the Indenture with respect to the Securities of such
series, in the certificates evidencing the Securities of such series and the Guarantees endorsed on the certificates evidencing the Securities of such series, all references to “premium” on the Securities of such series shall mean any
amounts (other than accrued Interest) payable upon the redemption of any Securities of such series in excess of 100% of the principal amount of such Securities. 
 (25) In addition to the definitions set forth in Article One of the Indenture, the terms of the Securities of such series shall include the additional definitions set forth below under the caption
“Additional Definitions” and, in the event of a conflict between such additional definitions and the Indenture, such additional definitions will apply: 
 Additional Definitions 
 “Acquired Debt” means Debt
of a Person: 
 (a) existing at the time such Person is merged or consolidated with or into the Company or any of its
Subsidiaries or becomes a Subsidiary of the Company; or 

 (b) assumed by the Company or any of its Subsidiaries in connection with the acquisition of
assets from such Person. 
 Acquired Debt shall be deemed to be incurred on the date the acquired Person is merged or consolidated with or into
the Company or any of its Subsidiaries or becomes a Subsidiary of the Company or the date of the related acquisition, as the case may be. 
 “Annual Debt Service Charge” means, for any period, the interest expense of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with United
States generally accepted accounting principles, including, without duplication: 
 (a) all amortization of debt discount and
premium; 
 (b) all accrued interest; 
 (c) all capitalized interest; and 
 (d) the interest component of capitalized lease
obligations. 
 “Consolidated Income Available for Debt Service” for any period means Consolidated Net Income
of the Company and its Subsidiaries for such period, plus amounts which have been deducted and minus amounts which have been added for, without duplication: 
 (a) interest expense on Debt; 
 (b) provision for taxes based on income;

 (c) amortization of debt discount, premium and deferred financing costs; 

(d) provisions for gains and losses on sales or other dispositions of properties and other investments; 

(e) property depreciation and amortization; 
 (f) the effect of any non-cash items; and 
 (g) amortization of deferred charges,

 all determined on a consolidated basis in accordance with United States generally accepted accounting principles. 

“Consolidated Net Income” for any period means the amount of net income (or loss) of the Company and its Subsidiaries
for such period, excluding, without duplication: 
 (a) extraordinary items; and 

(b) the portion of net income (but not losses) of the Company and its Subsidiaries allocable to minority interests in unconsolidated
Persons to the extent that cash 

 
dividends or distributions have not actually been received by the Company or one of its Subsidiaries, 
 all determined on a consolidated basis in accordance with United States generally accepted accounting principles. 
 “Debt” means, with respect to any Person, any indebtedness of such Person, whether or not contingent, in respect of: 

(a) borrowed money or evidenced by bonds, notes, debentures or similar instruments; 

(b) indebtedness secured by any Lien on any property or asset owned by such Person, but only to the extent of the lesser of (a) the
amount of indebtedness so secured and (b) the fair market value (determined in good faith by the Board of Directors of such Person or, in the case of the Company or a Subsidiary of the Company, by the General Partner’s Board of Directors)
of the property subject to such Lien; 
 (c) reimbursement obligations, contingent or otherwise, in connection with any letters
of credit actually issued or amounts representing the balance deferred and unpaid of the purchase price of any property except any such balance that constitutes an accrued expense or trade payable; or 

(d) any lease of property by such Person as lessee which is required to be reflected on such Person’s balance sheet as a capitalized
lease in accordance with United States generally accepted accounting principles, 
 and also includes, to the extent not otherwise included, any
obligation of such Person to be liable for, or to pay, as obligor, guarantor or otherwise (other than for purposes of collection in the ordinary course of business), Debt of the types referred to above of another Person (it being understood that
Debt shall be deemed to be incurred by such Person whenever such Person shall create, assume, guarantee or otherwise become liable in respect thereof). 
 “Total Assets” means the sum of, without duplication: 
 (a)
Undepreciated Real Estate Assets; and 
 (b) all other assets (excluding accounts receivable and intangibles) of the Company and
its Subsidiaries, 
 all determined on a consolidated basis in accordance with United States generally accepted accounting principles.

 “Total Unencumbered Assets” means the sum of, without duplication: 

(a) those Undepreciated Real Estate Assets which are not subject to a Lien securing Debt; and 

 (b) all other assets (excluding accounts receivable and intangibles) of the Company and its
Subsidiaries not subject to a Lien securing Debt, 
 all determined on a consolidated basis in accordance with United States generally accepted
accounting principles; provided, however, that, in determining Total Unencumbered Assets as a percentage of outstanding Unsecured Debt for purposes of the Additional Covenant entitled “Maintenance of Total Unencumbered Assets” as set forth
in Section 16(d) of this Annex I, all investments in unconsolidated limited partnerships, unconsolidated limited liability companies and other unconsolidated entities shall be excluded from Total Unencumbered Assets. 

“Undepreciated Real Estate Assets” means, as of any date, the cost (original cost plus capital improvements) of real
estate assets of the Company and its Subsidiaries on such date, before depreciation and amortization, all determined on a consolidated basis in accordance with United States generally accepted accounting principles. 

“Unsecured Debt” means Debt of the Company or any of its Subsidiaries which is not secured by a Lien on any property or
assets of the Company or any of its Subsidiaries. 

 ANNEX II 
 Form of 3.800% Note due 2023 
 and Form of Guarantee Endorsed Thereon 

 [Include only for Global Securities- UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (55 WATER STREET, NEW YORK, NEW YORK) (THE “DEPOSITARY,” WHICH TERM INCLUDES ANY SUCCESSOR DEPOSITARY FOR THIS SECURITY) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR
PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY (AND ANY PAYMENT HEREIN IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY
AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITARY), ANY TRANSFER, PLEDGE, OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.] 
 CUSIP: 49427RAJ1 
 ISIN: US49427RAJ14 
 KILROY REALTY, L.P 

3.800% SENIOR NOTES DUE 2023 

Kilroy Realty, L.P., a Delaware limited partnership (herein called the “Company,” which term includes any successor under the Indenture
referred to on the reverse hereof), for value received hereby promises to pay to             , or its registered assigns, the principal sum of
[            ] DOLLARS ($[            ]) on January 15, 2023 at the office or agency of the Company maintained for that
purpose in accordance with the terms of the Indenture, in such coin or currency of the United States of America as at the time of payment shall be legal tender for the payment of public and private debts, and to pay Interest, semi-annually in
arrears on January 15 and July 15 of each year, commencing July 15, 2013, on said principal sum at said office or agency, in like coin or currency, at the rate per annum of 3.800%, from the January 15 or July 15, as the case
may be, next preceding the date of this Note (as defined on the reverse hereof) to which Interest has been paid or duly provided for, unless no Interest has been paid or duly provided for on the Notes, in which case from January 14, 2013, until
payment of said principal sum has been made or duly provided for. Except as otherwise provided in or permitted pursuant to Section 307 of the Indenture (as defined on the reverse hereof), the principal of and premium, if any, and Interest on
the Notes shall be paid at the office or agency designated by the Company for such purpose. 
 The Company promises to pay
Interest on overdue principal and (to the extent that payment of such Interest is permitted by applicable law) overdue premium, if any, and Interest at the rate of 3.800% per annum. 

Reference is made to the further provisions of this Note set forth on the reverse hereof. Such further provisions shall for all purposes
have the same effect as though fully set forth at this place. 

 This Note shall not be valid or become obligatory for any purpose until the certificate of
authentication hereon shall have been signed manually by the Trustee or a duly authorized Authenticating Agent under the Indenture. 
 (Signature Page Follows) 

 IN WITNESS WHEREOF, the Company has caused this Note to be duly executed. 

 

							
	Dated:	 		 	KILROY REALTY, L.P.
			
		 		 	By: Kilroy Realty Corporation, as its sole general partner
				
		 		 	By:	 	 
		 		 		 	 Name:

Title:

				
		 		 	By:	 	 
		 		 		 	 Name:

Title:

				
	[Seal]	 		 		 	

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

This is one of the 3.800% Senior Notes due 2023 referred to in the within-mentioned Indenture. 

 

							
	Dated:	 		 	U.S. BANK NATIONAL ASSOCIATION, as Trustee
				
		 		 	By:	 	 
		 		 		 	Authorized Signatory

 [FORM OF REVERSE SIDE OF NOTE] 

KILROY REALTY, L.P. 
 3.800% SENIOR NOTES DUE 2023 
 This Note is one of a duly authorized issue
of Securities of the Company, designated as its 3.800% Senior Notes due 2023 (herein called the “Notes”), issued under and pursuant to an Indenture, dated as of March 1, 2011 (the “Base Indenture”), among the
Company, Kilroy Realty Corporation, a Maryland corporation (the “Guarantor”), and U.S. Bank National Association, as trustee (herein called the “Trustee,” which term includes any successor thereto under the
Indenture), as supplemented by the Supplemental Indenture, dated as of July 5, 2011 (the “First Supplemental Indenture”; the Base Indenture, as amended and supplemented by the First Supplemental Indenture and as the same may be
further amended and supplemented from time to time, is hereinafter called the “Indenture”), among the Company, the Guarantor and the Trustee and the Officers’ Certificate of the Company and the Guarantor dated January 14,
2013, delivered pursuant to Sections 102, 201, 301 and 303 of the Indenture (the “Officers’ Certificate”), to which reference is hereby made for a description of the rights, limitations of rights, obligations, duties and
immunities thereunder of the Trustee, the Company, the Guarantor and the Holders of the Notes. Terms (whether or not capitalized) that are defined in the Indenture and used but not otherwise defined in this Note shall have the respective meanings
ascribed thereto in the Indenture. 
 If an Event of Default with respect to the Notes occurs and is continuing, then the
principal of and accrued and unpaid Interest (including the Redemption Price upon redemption pursuant to Article Eleven of the Indenture and the Officers’ Certificate) on all of the Notes may be declared or, in the case of certain Events of
Default, shall automatically become immediately due and payable in the manner and with the effect provided in the Indenture. 

The Indenture contains provisions permitting the Company, the Guarantor and the Trustee, with the consent of the Holders of not less than
a majority in aggregate principal amount of the Notes at the time Outstanding, to execute supplemental indentures adding any provisions to or changing in any manner or eliminating any of the provisions of the Indenture or of any supplemental
indenture or the Notes or modifying in any manner the rights of the Holders of the Notes, subject to exceptions set forth in Section 902 of the Indenture. The Indenture also contains provisions permitting the Holders of specified percentages in
aggregate principal amount of the Notes then Outstanding, on behalf of the Holders of all of the Notes, to waive compliance by the Company or the Guarantor with certain provisions of the Indenture and certain past defaults or Events of Default with
respect to the Notes and their consequences. 
 No reference herein to the Indenture and no provision of this Note, the
Guarantee endorsed on this Note or the Indenture shall alter or impair, as among the Company and the Holder of this Note, the obligation of the Company, which is absolute and unconditional, to pay the principal of and premium, if any, and Interest
on this Note at the place, at the respective times, at the rate, in the respective amounts and in the coin or currency herein and in the Indenture prescribed. 

 Interest on the Notes shall be computed on the basis of a 360-day year of twelve 30-day
months. 
 The Notes are issuable in fully registered form, without coupons, in minimum denominations of $2,000 principal amount
and in integral multiples of $1,000 principal amount in excess thereof. As provided in the Indenture and subject to certain limitations set forth therein, the Notes may be surrendered for registration of transfer or for exchange for a like aggregate
principal amount of Notes of authorized denominations as requested by the Holders surrendering the same. No service charge shall be made for any registration of transfer or exchange of Notes, but the Company may require payment of a sum sufficient
to cover any tax or other governmental charge that may be imposed in connection therewith, subject to exceptions set forth in the Indenture. 
 The Company shall have the right to redeem the Notes, in whole at any time and from time to time in part, at the Redemption Price and on the terms and conditions set forth in the Indenture and the
Officers’ Certificate. 
 The Notes are not subject to redemption through the operation of any sinking fund. 

No recourse under or upon any obligation, covenant or agreement contained in the Indenture or the Notes or because of any indebtedness
evidenced thereby, shall be had against any past, present or future stockholder, employee, officer or director, as such, of the Company, the General Partner, the Guarantor or of any successor, either directly or through the Company, the General
Partner and the Guarantor or any successor, under any rule of law, statute or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and
released by the acceptance of the Notes by the Holders and as part of the consideration for the issue of the Notes. 
 This Note
shall be governed by, and construed in accordance with, the laws of the State of New York. 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription of the face of this Note, shall be construed as though they were written out in
full according to applicable laws or regulations. 
  

			
	TEN–COM	  	as tenants in common
		
	TEN–ENT	  	as tenant by the entireties
		
	UNIF GIFT MIN ACT        	  	Uniform Gifts to Minors Act
		
	Cust	  	Custodian
		
	JT–TEN	  	as joint tenants with right of survivorship and not under Uniform Gifts to Minors Act

					
			
		  		  	
		  		  	  
 (State)

 Additional abbreviations may also be used though not in the above list. 

 GUARANTEE 
 Kilroy Realty Corporation, a Maryland Corporation (hereinafter referred to as the “Guarantor,” which term includes any successor under the Indenture, referred to below), hereby
irrevocably and unconditionally guarantees on a senior basis on the terms set forth in the Indenture, the Guarantee Obligations, which include (i) the due and punctual payment of the principal of and premium, if any, and Interest (including the
Redemption Price upon redemption pursuant to Article Eleven of the Indenture) on the 3.800% Senior Notes due 2023 (the “Notes”) of Kilroy Realty, L.P., a Delaware limited partnership (the “Company,” which term
includes any successor thereto under the Indenture), whether at the Stated Maturity of the Notes, upon acceleration, upon redemption or otherwise, the due and punctual payment of Interest on any overdue principal and (to the extent permitted by law)
any overdue premium, if any, and Interest on the Notes, and the due and punctual performance of all other obligations of the Company to the Holders of the Notes or the Trustee all in accordance with the terms set forth in Article Sixteen of the
Indenture, and (ii) in case of any extension of time of payment or renewal of any Notes or any such other obligations, that the same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal,
whether at the Stated Maturity of the Notes, by acceleration, call for redemption or otherwise. 
 This Guarantee has been
issued under and pursuant to an Indenture, dated as of March 1, 2011 (the “Base Indenture”), among the Company, the Guarantor and U.S. Bank National Association, as trustee (herein called the “Trustee,” which
term includes any successor thereto under the Indenture), as supplemented by the Supplemental Indenture, dated as of July 5, 2011 (the “First Supplemental Indenture”; the Base Indenture, as amended and supplemented by the First
Supplemental Indenture and as the same may be further amended and supplemented from time to time, is hereinafter called the “Indenture”), among the Company, the Guarantor and the Trustee and the Officers’ Certificate of the
Company and the Guarantor dated January 14, 2013, delivered pursuant to Sections 102, 201, 301 and 303 of the Base Indenture (the “Officers’ Certificate”). Terms (whether or not capitalized) that are defined in the
Indenture and used but not otherwise defined in this Guarantee shall have the respective meanings ascribed thereto in the Indenture. 
 The obligations of the Guarantor to the Holders of the Notes and to the Trustee pursuant to this Guarantee and the Indenture are expressly set forth in Article Sixteen of the Indenture and reference is
hereby made to such Indenture for the precise terms of this Guarantee. 
 Without limitation to the provisions of Article
Sixteen of the Indenture, the Guarantor hereby waives diligence, presentment, demand of payment, filing of claims with a court in the event of merger or bankruptcy of the Company, any right to require a proceeding first against the Company, the
benefit of discussion, protest or notice with respect to the Notes and all demands whatsoever. 
 No recourse under or upon any
obligation, covenant or agreement contained in the Indenture or the Notes, or because of any indebtedness evidenced thereby, shall be had against any past, present or future stockholder, employee, officer or director, as such, of the Company, the
General Partner, or the Guarantor or of any successor, either directly or through the Company, the General Partner or the Guarantor or any successor, under any rule of law, statute 

 
or constitutional provision or by the enforcement of any assessment or by any legal or equitable proceeding or otherwise, all such liability being expressly waived and released by the acceptance
of the Notes by the Holders and as part of the consideration for the issue of the Notes. 
 This is a continuing Guarantee and
shall remain in full force and effect and shall be binding upon the Guarantor and its successors until full and final payment of all of the Company’s obligations under the Notes and Indenture or until legally discharged in accordance with the
Indenture and shall inure to the benefit of the successors and assigns of the Trustee and the Holders of the Notes, and, in the event of any transfer or assignment of rights by any Holder of the Notes or the Trustee, the rights and privileges herein
conferred upon that party shall automatically extend to and be vested in such transferee or assignee, all subject to the terms and conditions hereof. This is a Guarantee of payment and performance and not of collection. 

This Guarantee shall not be valid or become obligatory for any purpose until the certificate of authentication on the Note upon which
this Guarantee is endorsed shall have been signed manually by the Trustee or a duly authorized Authenticating Agent under the Indenture. 
 The obligations of the Guarantor under this Guarantee shall be limited as provided in Article Sixteen of the Indenture to the extent necessary to ensure that it does not constitute a fraudulent conveyance
or transfer. 
 THE TERMS OF ARTICLE SIXTEEN OF THE INDENTURE ARE INCORPORATED HEREIN BY REFERENCE. 

The Guarantee shall be governed by, and construed in accordance with, the laws of the State of New York. 

(Signature Page Follows) 

 IN WITNESS WHEREOF, the Guarantor has caused this instrument to be duly executed.

  

							
	Dated:	 		 	KILROY REALTY CORPORATION, as Guarantor
				
		 		 	By:	 	 
		 		 		 	 Name:

Title:

				
		 		 	By:	 	 
		 		 		 	 Name:

Title:

				
	 [Seal]
	 		 		 	

 ASSIGNMENT 
 For value received                     hereby sell(s) assign(s) and transfer(s) unto
                    (Please insert social security or other Taxpayer Identification Number of assignee) the within Note, and hereby irrevocably
constitutes and appoints                     attorney to transfer said Note on the books of the Company, with full power of substitution in the
premises. 
  

					
	Dated:	  	 	  	
		  		  	  

			
		  		  	  

		  		  	Signature(s)
			
		  		  	Signature(s) must be guaranteed by an “eligible guarantor institution” meeting the requirements of the Security Registrar, which requirements include membership
or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Security Registrar in addition to, or in substitution for, STAMP,
all in accordance with the Securities Exchange Act of 1934, as amended.
			
		  		  	  

		  		  	Signature Guarantee

 NOTICE: The signature on this Assignment must correspond with the name as written upon the face of the Note in every
particular without alteration or enlargement or any change whatever. 

 ANNEX III 

Resolutions

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