Document:

Mayor's Jeweler's, Inc., Employee Stock Purchase Plan

 Exhibit 4.3 
  
 MAYOR’S JEWELERS, INC. 
 EMPLOYEE STOCK PURCHASE PLAN 
  
 As Amended 
  
 The following constitute the
provisions of the Employee Stock Purchase Plan (herein called the “Plan”) of Mayor’s Jewelers, Inc. (the “Company”). 
  
 1. Purpose. The purpose of the Plan is to provide employees of the Company and its subsidiaries with an opportunity to purchase Common Stock of the
Company through payroll deductions. It is the intention of the Company to have the Plan qualify as an “Employee Stock Purchase Plan” under Section 423 of the Internal Revenue Code of 1954, as amended. The provisions of the Plan shall,
accordingly, be constructed so as to extend and limit participation in a manner consistent with the requirements of that section of the Code. 
  
 2. Definitions. 
  
 (a) “Board” shall mean the Board of Directors of the Company. 
  
 (b) “Common Stock” shall mean the Common Stock, .0001 par value, of the Company. 
  
 (c) “Company” shall mean Mayor’s Jewelers, Inc., a Delaware
corporation. 
  
 (d) “Compensation” shall mean all
regular straight time earnings, payments of overtime, shift premiums, incentive compensation, incentive payments, bonuses and commissions (except to the extent that the exclusion of any such items is specifically directed by the Board or its
committee). 
  
 (e) “Designated Subsidiaries” shall mean
the Subsidiaries which have been designated by the Board from time to time, in its sole discretion, as eligible to participate in the Plan. 
  
 (f) “Employee” means any person, excluding senior officers of the Company, who is customarily employed for at least twenty (20) hours per
week and has been so employed for at least four (4) months continuous by the Company or one of its Designated Subsidiaries. 
  
 (g) “Plan’” shall mean this Employee Stock Purchase Plan. 

 (h) ”Subsidiary” shall mean a corporation or affiliate entity (partnership, joint venture
or otherwise), domestic or foreign, of which not less than 50% of the voting shares or control are held directly or indirectly by the Company or an affiliate of the Company, whether or not such corporation or affiliate entity now exists or is
hereafter organized or acquired by the Company or an affiliate of the Company. 
  
 3. Eligibility. 
  
 (a) Any Employee as defined in paragraph 2 shall be eligible to participate in the Plan, subject to limitations imposed by Section 423(b) of the Internal Revenue Code of 1954, as amended. 
  
 (b) Any provisions of the Plan to the contrary notwithstanding, no
Employee shall be granted an option under the Plan (i) if, immediately after the grant, such Employee would own shares (including outstanding options to purchase) of stock possessing five percent (5%) or more of the total combined voting
power or value of all classes of shares of the Company or of any parent or subsidiary of the Company, or (ii) which permits his rights to purchase shares under all employee stock purchase plans of the Company and its parent and subsidiaries to
accrue at a rate which exceeds $25,000 of the fair market value of the shares (determined at the time such option is granted) for each calendar year in which such stock option is outstanding at any time. 
  
 4. Offering Dates. The Plan shall be implemented by one offering during
each six-month period of the Plan, commencing on or about July 1, 1987 and continuing thereafter until terminated, in accordance with paragraph 19 hereof. The Board of Directors of the Company shall have the power to change the duration of
offering periods with respect to future offerings without shareholder approval, if such change is announced at least fifteen (15) days prior to the scheduled beginning of the first offering period to be affected. 
  
 5. Participation. 
  
 (a) An eligible Employee may become a participant in the Plan by
completing a subscription agreement authorizing a payroll deduction on the form provided by the Company, and filing it with the Company’s or Designated Subsidiary’s payroll office prior to the applicable offering date. 
  
 (b) Payroll deductions for a participant shall commence on the first
payroll following the offering date and shall end on the termination date of the offering to which such authorization is applicable, unless sooner terminated by the participant as provided in paragraph 10. 
  

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 6. Payroll deductions. 
  
 (a) At the time a participant files his subscription agreement, he shall elect to have payroll deductions made on each
payday during the offering period at a rate not exceeding 10% of the Compensation which he is to receive on such payday, and the aggregate of such projected payroll deduction during the offering period shall not exceed ten percent (10%) of his
aggregate projected Compensation during said offering period. 
  
 (b) All payroll deductions authorized by participant shall be credited to his account under the Plan. A participant may not make any additional payments into such account. 
  
 (c) A participant may discontinue his participation in the Plan as provided in paragraph 10, or may lower, but not
increase, the rate of his payroll deductions during the offering by completing and filing with the Company or Designated Subsidiary a new authorization for payroll deduction. The change in rate shall be effective within fifteen (15) days
following the Company’s receipt of the new authorization. 
  
 7. Grant of Option. 
  
 (a) At the beginning
of each six-month offering period, each eligible Employee participating in the Plan shall be granted an option to purchase (at the per share option price set forth in Section 7(b)) up to a number of shares of the Company’s Common Stock
purchasable by each Employee’s projected accumulated payroll deduction (not to exceed an amount equal to ten percent (10%) of his Compensation as of the date of the commencement of the applicable offering period) divided by eighty-five
percent (85%) of the fair market value of a share of the Company’s Common Stock at the beginning of said offering period, subject to the limitations set forth in Section 3(b) and 12 hereof. Fair market value of a share of the
Company’s Common Stock shall be determined as provided in Section 7(b) herein. 
  
 (b) The option price per share of such shares shall be the lesser of: (i) 85% of the fair market value of a share of the Common Stock of the Company at the commencement of the six-month offering period; or
(ii) 85% of the fair market value of a share of the Common Stock of the Company at the time the option is exercised at the termination of the six-month offering period. The fair market value of the Company’s Common Stock on a given date
shall be the reported closing price for that date. 
  
 8. Exercise of Option. Unless a participant withdraws from the Plan as provided in paragraph 10, his option for the purchase of shares shall be exercised automatically at the end of the offering period, and the maximum number of full
shares subject to option shall be purchased for him at the applicable option price with the accumulated payroll deductions in his account. During his lifetime, a participant’s option to purchase shares hereunder is exercisable only by him.

  

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 9. Delivery. As promptly as practicable after the termination of each offering, the Company shall
arrange the delivery to each participant, as appropriate, of a certificate representing the shares purchased upon exercise of his option. Any cash remaining to the credit of a participant in his account under the Plan after a purchase of shares at
the termination of each offering period, or which is insufficient to purchase a full share of Common Stock of the Company, shall be returned to the participant. 
  

10. Withdrawal; Termination of Employment. 
  
 (a) A participant may withdraw all but not less than all the payroll deductions credited to his account under the Plan at any time prior to the end
of the offering period by giving written notice to the Company or Designated Subsidiary. All of the participant’s payroll deductions credited to his account shall be paid to him promptly after receipt of his notice of withdrawal and his option
for the current period shall be automatically terminated, and no further payroll deductions for the purchase of shares shall be made for him during the offering period. 
  
 (b) Upon termination of the participant’s employment prior to the end of the offering period for any reason,
including retirement or death, the payroll deductions credited to his account shall be returned to him or, in the case of his death, to the person or persons entitled thereto under paragraph 14, and his option shall be automatically terminated.

  
 (c) In the event an Employee fails to remain in the
continuous employ of the Company or a Designated Subsidiary for at least twenty (20) hours per week during the offering period in which the employee is a participant, he shall be deemed to have elected to withdraw from the Plan and the payroll
deductions credited to his account shall be returned to him and his option terminated. 
  
 (d) A participant’s withdrawal from an offering shall not have any effect upon his eligibility to participate in a succeeding offering or in any similar plan which may hereafter be adopted by the Company or
a Designated Subsidiary. 
  
 11. Interest. No interest shall
accrue on the payroll deductions of a participant in the Plan. 
  

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 12. Stock. 
  

(a) The maximum number of shares of the Company’s Common Stock which shall be made available for sale under the Plan shall be 1,062,500
shares, subject to adjustment upon changes in capitalization of the Company as provided in paragraph 18. The shares to be sold to participants under the Plan may, at the election of the Company, be either treasury shares, shares authorized but
unused, or shares purchased on the open market. If the total number of shares, which would otherwise be subject to options granted pursuant to Section 7(a) hereof, at the beginning of an offering period exceeds the number of shares then
available under the Plan (after deduction of all shares for which options have been exercised or are then outstanding), the Company shall allocate options for shares remaining available for option grant pro rata among the participants in accordance
with the amounts otherwise determined pursuant to Section 7(a). In such event, the Company shall give written notice of such reduction of the number of shares subject to the option to each participant affected thereby and shall similarly reduce
the rate of payroll deductions, if necessary. 
  
 (b) A
participant shall have no interest or voting right in shares covered by his option until such option has been exercised. 
  
 (c) Shares to be delivered to a participant under the Plan shall be registered either in the name of the participant or in the name of the
participant and his spouse. 
  
 13. Administration. The Plan
shall be administered by the Board of Director’s of the Company or a committee appointed by the Board. The administration, interpretation or application of the Plan by the Board or its committee shall be final, conclusive and binding upon all
participants. Members of the committee who are eligible Employees are permitted to participate in the Plan. 
  
 14. Designation of Beneficiary. 
  
 (a) A participant may file a written designation of a beneficiary who is to receive any shares or cash or both to which the participant may be
entitled under the Plan at the time of his death. 
  
 (b) Such designation of beneficiary may be changed by the participant at any time by written notice. In the event of the death of a participant and in the absence of a beneficiary validly designated under the Plan who is living at the
time of such participant’s death, the Company shall delivery any shares and any cash to which the participant was entitled to the executor or administrator of the estate of the participant, or if no such executor or administrator has been
appointed (to the knowledge of the Company), the Company, in its discretion, may deliver any such shares and any such cash to the spouse or children of the participant, or if no spouse or no child is known to the Company, then to such other person
as the Company may designate. 
  

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 15. Transferability. Neither payroll deductions credited to a participant’s account nor any
rights with regard to the exercise of any option or rights to receive shares under the Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent and distribution or as provided in
paragraph 14 hereof) by the participant. Any such attempt at assignment, transfer, pledge or other disposition shall be without effect, except that the Company may treat such act as an election to withdraw funds in accordance with paragraph 10.

  
 16. Use of Funds. All payroll deductions received or held
by the Company or a Designated Subsidiary under the Plan may be used by the Company or a Designated Subsidiary for any corporate purpose, and the Company or a Designated Subsidiary shall not be obligated to segregate such payroll deductions.

  
 17. Reports. Individual accounts shall be maintained for
each participant in the Plan. Statements of account shall be given to participating Employees semiannually promptly following the stock purchase date, which statements shall set forth the amount of payroll deductions, the per share purchase price,
the number of shares purchased and the remaining cash balance, if any. 
  
 18. Adjustments Upon Changes in Capitalization. Subject to any required action by the shareholders of the Company, the number of shares of Common Stock covered by each option under the plan which has not yet been exercised and the
number of shares of Common Stock which have been authorized for issuance under the Plan but have not yet been placed under option (collectively, the “Reserves”), as well as the price per share of Common Stock covered by each option under
the Plan which has not yet been exercised, shall be proportionately adjusted for any increase or decrease in the number of shares of Common Stock effected without receipt of consideration by the Company; provided, however, that conversion of any
convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Board, whose determination in that respect shall be final, binding and conclusive.
Except as expressly provided herein, no issue by the Company of shares of Stock of any class shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an Option.

  
 The Board may, if it so determines in the exercise of its sole
discretion, also make provision for adjusting the Reserves, as well as the price per share of Common Stock covered by each outstanding option, in the event that the Company effects one or more reorganizations, capitalizations, rights, offerings or
other increases or reductions of shares of its outstanding Common Stock, and in the event the Company is consolidated with or merged into any other corporation. 
  

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 19. Amendment or Termination. The Board of Directors of the Company may at any time terminate or
amend the Plan. No termination shall affect options previously granted. No amendment shall make any change in any option granted under the Plan which adversely affects the right of any participant. No amendment shall be made without prior approval
of the shareholders of the Company if such amendment would: 
  
 (a) Increase the number of shares that may be issued under the Plan; 
  
 (b) Permit payroll deductions at a rate in excess of ten percent (10%) of the participant’s Compensation; 
  
 (c) Materially modify the requirements as to eligibility for participation in the Plan; or 
  
 (d) Materially increase the benefits which may accrue to participants
under the Plan. 
  
 20. Notices. All notices or other
communications by a participant to the Company under or in connection with the Plan shall be deemed to have been duly given when received in the form specified by the Company at the location, or by the person, designated by the Company for the
receipt hereof. 
  
 21. Shareholder Approval. This Plan shall
be subject to approval by the affirmative vote of the holders of a majority of the outstanding shares of the Company present or represented and entitled to vote thereon. 
  
 22. Conditions Upon Issuance of Shares. Shares shall not be issued with respect to any option unless the exercise of
such option and issuance and delivery of such shares pursuant thereto shall comply with all applicable provisions of law, domestic or foreign, including, without limitation, the Securities Act of 1933, as amended, the Securities Exchange Act of
1934, as amended, the rules and regulations promulgated thereunder, and the requirements of any stock exchange upon which the shares may then be listed, and shall be further subject to the approval of counsel for the Company with respect to such
compliance. As a condition to the exercise of an option, the Company may require the person exercising such option to represent and warrant at the time of any such exercise that the shares are being purchased only for investment and without any
present intention to sell or distribute such shares if, in the opinion of counsel for the company, such a representation is required by any of the aforementioned applicable provisions of law. 
  

 7Amendment No. 2 to Fourth Amended and Restated Credit Agreement

 Exhibit 10.1 
 AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED 
 CREDIT AGREEMENT 
 THIS AMENDMENT NO. 2 TO FOURTH AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”) is made as of April 26, 2006, by and among
KILROY REALTY, L.P., a Delaware limited partnership (the “Borrower”), KILROY REALTY CORPORATION, as Guarantor (the “Guarantor”), the BANKS listed on the signature pages hereof, JPMORGAN CHASE BANK, N.A. (successor
to JPMorgan Chase Bank), as Administrative Agent, BANK OF AMERICA, N.A., COMMERZBANK AG and WACHOVIA BANK, NATIONAL ASSOCIATION, as Syndication Agents, J.P. MORGAN SECURITIES INC. and BANC OF AMERICA SECURITIES LLC, as Joint Lead Arrangers and Joint
Bookrunners, and KEYBANK NATIONAL ASSOCIATION and PNC BANK, NATIONAL ASSOCIATION, as Co-Documentation Agents. 
 W I T
N E S S E T H: 
 WHEREAS, the Borrower and the Banks have entered into the Fourth
Amended and Restated Revolving Credit Agreement, as of October 22, 2004, as amended by Amendment No. 1 to Fourth Amended and Restated Credit Agreement, dated as of June 30, 2005 (as so amended, the “Credit
Agreement”); and 
 WHEREAS, the parties desire to modify the Credit Agreement upon the terms and conditions set forth herein.

 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties do hereby
agree as follows: 
 1. Definitions. All capitalized terms not otherwise defined herein shall have the meanings ascribed to them in
the Credit Agreement. 
 2. Amendments to Definitions. 
 (a) Applicable Margin. The definition of “Applicable Margin” is hereby deleted and the following substituted therefor:

 “Applicable Margin” means, prior to the Adjustment Date, with respect to each Loan, the respective percentages per annum

 
determined, at any time, based on the range into which the Total Debt Ratio then falls, in accordance with the table set forth below: 
  

							
	 Total Debt Ratio
	  	Applicable Margin for
Euro-Dollar Loans
(% per annum)	 	 	 Applicable Margin for
Base Rate Loans
 (% per annum)
	 
	 less than 35%
	  	0.85	%	 	0.0	%
	 equal to or greater than 35% but less than 45%
	  	0.95	%	 	0.0	%
	 equal to or greater than 45% but less than 50%
	  	1.05	%	 	0.0	%
	 equal to or greater than 50% but less than 55%
	  	1.20	%	 	0.0	%
	 equal to or greater than 55% but less than 65%
	  	1.35	%	 	0.25	%

 From and after the Adjustment Date, the Applicable Margin with respect to each Loan shall mean the
respective percentages per annum determined, at any time, based on the range into which the Borrower’s Credit Rating (if any) then falls, in accordance with the table set forth below. Any change in the Borrower’s Credit Rating shall be
effective immediately as of the date on which any of the Rating Agencies announces a change in the Borrower’s Credit Rating or the date on which the Borrower (or, as applicable, the General Partner) has no credit rating, whichever is
applicable. In the event that the Borrower (or, as applicable, the General Partner) receives two (2) credit ratings that are not equivalent, the Applicable Margin shall be determined by the higher of such two (2) credit ratings. In the
event that Borrower (or, as applicable, the General Partner) receives more than two (2) credit ratings and such credit ratings are not equivalent, the Applicable Margin shall be determined by the lower of the two (2) highest ratings,
provided that each of said two (2) highest ratings shall be Investment Grade Ratings and at least one of which shall be an Investment Grade Rating from S&P or Moody’s. In the event that such two ratings are more than one rating apart,
the Applicable Margin will be 

  

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determined based on the rating which is one rating above the lower of the two ratings. 
  

							
	 Borrower’s Credit Rating
 (S&P/Moody’s Ratings)
	  	Applicable Margin for
Euro-Dollar Loans
(% per annum)	 	 	 Applicable Margin for
Base Rate Loans
 (% per annum)
	 
	 >BBB+/Baa1 (or better)
	  	0.525	%	 	0.0	%
	 BBB/Baa2
	  	0.65	%	 	0.0	%
	 BBB-/Baa3
	  	0.80	%	 	0.0	%
	 Less than Investment Grade Rating
	  	1.15	%	 	0.25	%

 (b) Documentation Agent. The definition of “Documentation Agent”
is hereby deleted and the following substituted therefor: “‘Co-Documentation Agents’ means Keybank National Association and PNC Bank, National Association, in their capacity as co-documentation agents for the Banks, and their
successors in such capacity.” 
 (c) Extended Maturity Date. The definition of “Extended Maturity Date”
is hereby deleted and the following substituted therefor: “‘Extended Maturity Date’ means April 26, 2011.” 
 (d) FMV Cap Rate. The definition of “FMV Cap Rate” is hereby deleted and the following substituted therefor: “‘FMV Cap Rate’ means 7.75% with respect to those Real Property
Assets that are located in California, and 8.25% with respect to those Real Property Assets that are located outside of California.” 
 (e) Interest Period. The phrase “one, two, three or, if available from all of the Banks, six months” in clause (i) of the definition of “Interest Period” is hereby deleted and
“one, two, three, six or, if available from all of the Banks, twelve months” substituted therefor. 
 (f) Loan
Amount. The definition of “Loan Amount” is hereby deleted and the following substituted therefor: 
 “Loan Amount”
means Five Hundred Fifty Million and 00/100 Dollars ($550,000,000) (as adjusted pursuant to Section 9.15). 
  

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 (g) Major Acquisition. The following is inserted to Section 1.1 in
alphabetical order: “‘Major Acquisition’ means the acquisition of any Real Property Asset or portfolio of Real Property Assets in a single transaction of $150,000,000 or more.” 
 (h) Original Maturity Date. The definition of “Original Maturity Date” is hereby deleted and the following substituted
therefor: “‘Original Maturity Date’ means April 26, 2010.” 
 (i) Required Banks. The
references to “two-thirds (i.e., 66 2/3%)” in the definition of “Required Banks” is hereby deleted and “fifty-one percent (51%)” substituted therefor. 
 (j) Revised Annual EBITDA. The following is inserted to Section 1.1 in alphabetical order: “‘Revised Annual
EBITDA’ means, for any period, Annual EBITDA for such period, minus (a) interest income, and (b) a management fee reserve in an amount equal to 3% of consolidated total revenue (after deduction of interest income of Borrower and
its subsidiaries for such period), plus (i) general and administrative expenses for such period to the extent included in Annual EBITDA and (ii) actual management fees relating to Real Property for such period.” 
 (k) Total Asset Value. The definition of “Total Asset Value” is hereby deleted and the following substituted therefor:

 “Total Asset Value” means, the sum of (w) with respect to those Real Property Assets owned for at least the four
previous consecutive quarters, the quotient of (i) Revised Annual EBITDA with respect thereto for the previous four (4) consecutive quarters, including the quarter then ended, but less reserves for Capital Expenditures of (A) $0.30
per square foot per annum for each Real Property Asset that is an office property, and (B) $0.15 per square foot per annum for each Real Property Asset that is an industrial property, divided by (ii) the FMV Cap Rate, (x) with respect
to those Real Property Assets owned for less than the four previous consecutive quarters, the greater of (i) the quotient of Net Operating Cash Flow applicable to each such Real Property Asset, calculated on an annualized basis, based upon
(A) the 

  

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actual amount of Net Operating Cash Flow for the period of the Borrower’s, the General Partner’s or their Subsidiary’s ownership of such Real
Property Asset, less replacement reserves of (1) $.30 per square foot per annum for each such Real Property Asset which is an office building and (2) $.15 per square foot per annum for each such Real Property Asset which is an industrial
building, divided by (B) the FMV Cap Rate, and (ii) the purchase price actually paid by the Borrower, the General Partner or any of their Subsidiaries (as applicable) for such Real Property, (y) with respect to land and Development
Properties, the lesser of (i) the cost actually paid by the Borrower, the General Partner or any of their Subsidiaries, and (ii) the market value, each as determined in accordance with GAAP, of such land or Development Properties, and
(z) Cash or Cash Equivalents of the Borrower, the General Partner and their Subsidiaries as of the date of determination. 
 (l) Unencumbered Asset Pool Net Operating Cash Flow. The definition of Unencumbered Asset Pool Net Operating Cash Flow is hereby amended by deleting clause (y) thereof and substituting the following therefor: “(y) reserves
for Capital Expenditures of $.30 per square foot per annum for each Unencumbered Asset Pool Property that is an office property, and $.15 per square foot per annum for each Unencumbered Asset Pool Property that is an industrial property.”

 (m) Unencumbered Asset Pool Properties Value. The definition of “Unencumbered Asset Pool Properties Value”
is hereby deleted and the following substituted therefor: 
 “Unencumbered Asset Pool Properties Value” means the sum of: (i)
with respect to the Unencumbered Asset Pool Properties owned by the Borrower, the General Partner or any of their Consolidated Subsidiaries for a period of at least twelve (12) calendar months, the quotient of (x) the Unencumbered Asset
Pool Net Operating Cash Flow, divided by (y) the FMV Cap Rate, and (ii) with respect to Unencumbered Asset Pool Properties owned by the Borrower, the General Partner or any of their Consolidated Subsidiaries for a period of less than
twelve (12) calendar months, the greater of (A) the quotient of (x) the Unencumbered Asset Pool Net Operating Cash Flow on an annualized basis based upon the Unencumbered Asset Pool Net Operating Cash Flow for the period of such
Person’s ownership of the Unencumbered Asset Pool Property in question, divided by (y) the 

  

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FMV Cap Rate and (B) the purchase price actually paid by the Borrower, the General Partner or any of their Consolidated Subsidiaries (as applicable) for
such Unencumbered Asset Pool Property; provided, however, that if any such Unencumbered Asset Pool Property shall have been purchased as part of a portfolio of properties and no purchase price shall have been specifically allocated
thereto, then the purchase price therefore shall be deemed to be equal to that percentage of the total purchase price for such portfolio as is equal to the percentage of the total Net Operating Cash Flow with respect to such portfolio represented by
the Net Operating Cash Flow attributable to the applicable Unencumbered Asset Pool Property, and (iii) with respect to Development Properties, the lesser of (A) the cost actually paid by the Borrower, the General Partner or any of their
Subsidiaries, and (B) the market value, each as determined in accordance with GAAP, of such Development Properties, provided that the value attributable to Development Properties shall not at any time exceed 20% of Unencumbered Asset Pool
Properties Value. 
 3. The Money Market Option. Section 2.3(a) is hereby deleted and the following substituted therefor:

 (a) The Money Market Option. In addition to Committed Borrowings pursuant to Section 2.1, at such time as the Borrower’s
Credit Rating is an Investment Grade Rating from at least two Rating Agencies, one of which shall be S&P or Moody’s, the Borrower may, as set forth in this Section 2.3, request the Banks during the Term to make offers to make Money
Market Loans to the Borrower, not to exceed, at such time, the lesser of (i) the aggregate Commitments less the Outstanding Balance, and (ii) 50% of the aggregate Commitments. The Banks may, but shall have no obligation to, make such
offers and the Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section. 
 4.
Letters of Credit. The reference in Section 2.16(c) to “Twenty-Five Million Dollars ($25,000,000)” is hereby deleted and “Fifty Million Dollars ($50,000,000)” substituted therefor. 
  

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 5. Fees. 
 (a) Section 2.8(a) is hereby deleted and the following substituted therefor: 
 (a) Unused/Facility Fee. During the Term, the Borrower shall pay to the Administrative Agent for the account of the Banks ratably in proportion to
their respective Commitments, an unused fee on the daily average undrawn and uncancelled Commitments in any given quarter determined as follows: 
 (i) prior to the Adjustment Date, the Borrower shall pay to the Administrative Agent for the account of the Banks ratably in proportion to their respective Commitments, an unused fee equal to (x) .20% per annum if the Outstanding
Balance is less than 33% of the then outstanding aggregate Commitments, or (y) .15% per annum if the Outstanding Balance is equal to or greater than 33% of the then outstanding aggregate Commitments, calculated upon the weighted average
daily Commitments less the Outstanding Balance, 
 (ii) from and after the Adjustment Date, the Borrower shall pay to the Administrative Agent
for the account of the Banks ratably in proportion to their respective Commitments, a facility fee on the daily average Commitments in any given quarter at the respective percentages per annum based upon the Borrower’s Credit Rating in
accordance with the following table: 
  

				
	 Borrower’s Credit Rating
	  	Applicable Facility Fee
(% per annum)	 
	 >BBB+/Baa1
	  	.175	%
	 BBB/Baa2
	  	.20	%
	 BBB-/Baa3
	  	.20	%
	 <BBB-/Baa3 or unrated
	  	.25	%

 The unused/facility fee shall be payable quarterly, in arrears, on each
January 1, April 1, July 1, and October 1 during the Term and any extensions thereof. Any change in the Borrower’s Credit Rating causing it to move into a different range on the table shall effect an immediate
change in the applicable percentage per annum. In the 

  

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event that the Borrower’s (or the General Partner’s) Credit Rating is such that the Rating Agencies’ ratings are split between a higher and a
lower rating, the applicable percentage per annum shall be based upon the higher of such two (2) Credit Ratings. In the event that Borrower (or, as applicable, the General Partner) receives more than two (2) credit ratings and such credit
ratings are not equivalent, the applicable fee shall be determined by the lower of the two (2) highest ratings, provided that each of said two (2) highest ratings shall be Investment Grade Ratings and at least one of which shall be an
Investment Grade Rating from S&P or Moody’s. In the event that such two ratings are more than one rating apart, the Applicable Margin will be determined based on the rating which is one rating above the lower of the two ratings. 

(b) The reference in Section 2.8(d) to “0.20%” is hereby deleted and “0.15%” substituted therefor. 

6. Swingline Loan Subfacility. Section 2.18(a) is hereby deleted and the following substituted therefor: 
 (a) Swingline Commitment. Subject to the terms and conditions of this Section 2.18, the Swingline Lender, in its individual capacity, agrees
to make certain revolving credit loans to the Borrower (each a “Swingline Loan” and, collectively, the “Swingline Loans”) from time to time during the Term hereof; provided, however, that the aggregate amount of
Swingline Loans outstanding at any time shall not exceed the lesser of (i) the aggregate Commitments less the Outstanding Balance, and (ii) 15% of the aggregate Commitments (the “Swingline Commitment”). Subject to the
limitations set forth herein, any amounts repaid in respect of Swingline Loans may be reborrowed. 
 7. Interest Rate Protection.
Section 5.15 is hereby deleted. 
 8. Financial Covenants. 
 (a) Total Debt to Total Asset Value. The following is hereby inserted at the end of the first sentence of Section 5.8(a):
“, provided that if as a result of a Major Acquisition, the ratio of Total Debt to Total Asset Value may exceed 60% for up to two (2) consecutive quarters, but in no event to exceed 65%”. In addition, the second sentence of
Section 5.8(a) is hereby deleted. 
  

 8 

 (b) EBITDA Debt Service Coverage. Section 5.8(b) is hereby deleted.

 (c) Limitation on Secured Debt. The second sentence of Section 5.8(d) is hereby deleted. 
 (d) Unsecured Debt Ratio. The following is hereby inserted at the end of the first sentence of Section 5.8(e): “,
provided that if as a result of a Major Acquisition, the ratio of Unencumbered Asset Pool Properties Value to Unsecured Debt may be less than 1.67:1 for up to two (2) consecutive quarters, but in no event to be less than 1.54:1”.

 (e) Minimum Consolidated Tangible Net Worth. The reference in Section 5.8(h) to “$575,000,000” is
hereby deleted and “$700,000,000” substituted therefor, and the reference to “90%” is hereby deleted and “75%” substituted therefor. In addition, the second sentence of Section 5.8(h) is hereby deleted. 

(f) Debt. Section 5.8(i) is hereby deleted. 
 9. Amendments and Waivers. Section 9.5 is hereby amended by deleting the reference to “$550,000,000” and substituting “$650,000,000” therefor. 
 10. The Increase Option. The following is hereby deemed added to the Credit Agreement as Section 9.15: 
 SECTION 9.15. Optional Increase in Commitments. At any time prior to the date that is forty-two (42) months after the date of this Agreement,
provided no Event of Default shall have occurred and then be continuing, the Borrower may, if it so elects, increase the aggregate amount of the Commitments (subject to proviso (b) in the next sentence), either by designating a Qualified
Institution not theretofore a Bank to become a Bank (such designation to be effective only with the prior written consent of the Administrative Agent, which consent will not be unreasonably withheld) and/or by agreeing with an existing Bank or Banks
that such Bank’s Commitment shall be increased. Upon execution and delivery by the Borrower and such Bank or other financial institution of an instrument in form reasonably satisfactory to the Administrative Agent, such existing Bank shall

  

 9 

 
have a Commitment as therein set forth or such Qualified Institution shall become a Bank with a Commitment as therein set forth and all the rights and
obligations of a Bank with such a Commitment hereunder; provided that: 
 (a) the Borrower shall provide prompt notice
of such increase to the Administrative Agent, who shall promptly notify the Banks; and 
 (b) the amount of such increase,
together with all other increases in the aggregate amount of the Commitments pursuant to this Section 9.15 since the date of this Agreement, does not cause the Loan Amount to exceed $650,000,000. 
 Upon any increase in the aggregate amount of the Commitments pursuant to this Section 9.15, within five Business Days (in the case of any Base Rate
Loans then outstanding) or at the end of the then current Interest Period with respect thereto (in the case of any Euro-Dollar Loans then outstanding), as applicable, each Bank’s pro rata share shall be recalculated to reflect such increase in
the Commitments and the outstanding principal balance of the Loans shall be reallocated among the Banks such that the outstanding principal amount of Loans owed to each Bank shall be equal to such Bank’s pro rata share (as recalculated). All
payments, repayments and other disbursements of funds by the Administrative Agent to Banks shall thereupon and, at all times thereafter be made in accordance with each Bank’s recalculated pro rata share. For purposes hereof, “Qualified
Institution” means a Bank, or one or more banks, finance companies, insurance or other financial institutions which (i) (A) has (or, in the case of a bank which is a subsidiary, such bank’s parent has) a rating of its senior
debt obligations of not less than Baa-1 by Moody’s or a comparable rating by a rating agency acceptable to the Administrative Agent and (B) has total assets in excess of Ten Billion Dollars ($10,000,000,000), or (ii) is reasonably
acceptable to the Administrative Agent. 
 11. Effective Date. This Amendment shall become effective upon receipt by the
Administrative Agent of counterparts hereof signed by the Borrower and the Required Banks (as defined in the Credit Agreement) together with each Bank that is 

  

 10 

 
not already a party to the Credit Agreement (the date of such receipt being deemed the “Effective Date”). 
 12. Representations and Warranties. Borrower hereby represents and warrants that as of the Effective Date, all the representations and warranties
set forth in the Credit Agreement, as amended hereby (other than representations and warranties which expressly speak as of a different date), are true and complete in all material respects. 
 13. Entire Agreement. This Amendment, together with a fee letter, dated as of even date herewith, among the Borrower, the Administrative Agent and
J.P. Morgan Securities Inc., constitutes the entire and final agreement among the parties hereto with respect to the subject matter hereof and there are no other agreements, understandings, undertakings, representations or warranties among the
parties hereto with respect to the subject matter hereof except as set forth herein. 
 14. Governing Law. This Amendment shall be
governed by, and construed in accordance with, the law of the State of New York. 
 15. Counterparts. This Amendment may be executed
in any number of counterparts, all of which taken together shall constitute one and the same agreement, and any of the parties hereto may execute this Amendment by signing any such counterpart. 
 16. Headings, Etc. Section or other headings contained in this Amendment are for reference purposes only and shall not in any way affect the
meaning or interpretation of this Amendment. 
 17. No Further Modifications. Except as modified herein, all of the terms and
conditions of the Credit Agreement, as modified hereby, shall remain in full force and effect and, as modified hereby, the Borrower confirms and ratifies all of the terms, covenants and conditions of the Credit Agreement in all respects. 

 

 11 

 IN WITNESS WHEREOF, this Agreement has been duly executed as of the date first above written. 

 

											
	BORROWER:	 		 	 KILROY REALTY, L.P., a Delaware limited
 partnership

					
		 		 		 	 By:
	 	 Kilroy Realty Corporation, a Maryland
 corporation, its general partner

						
		 		 		 		 	 By:
	 	/s/ Tyler H. Rose
		 		 		 		 		 	 Name: Tyler H. Rose
 Title:   Senior Vice
President & Treasurer

						
		 		 		 		 	 By:
	 	/s/ Heidi Roth
		 		 		 		 		 	 Name: Heidi Roth
 Title:   Senior Vice
President & Controller

 FOR PURPOSES OF AGREEING TO BE BOUND BY THE PROVISIONS OF THIS AMENDMENT: 
  

			
	KILROY REALTY CORPORATION
		
	By:	 	/s/ Tyler H. Rose
		 	 Name: Tyler H. Rose
 Title:   Senior Vice
President & Treasurer

  

			
		
	By:	 	/s/ Heidi Roth
		 	 Name: Heidi Roth
 Title:   Senior Vice
President & Controller

			
	JPMORGAN CHASE BANK, N.A., as Administrative Agent and as a Bank
		
	By:	 	/s/ Susan M. Tate
		 	 Name: Susan Tate
 Title: Vice
President

 Commitment: $40,000,000 

			
	BANK OF AMERICA, N.A.
		
	By:	 	/s/ James P. Johnson
		 	 Name: James P. Johnson
 Title: Senior Vice
President

 Commitment: $39,000,000 

			
	COMMERZBANK AKTIENGESELLSCHAFT, NEW YORK AND GRAND CAYMAN BRANCHES
		
	By:	 	/s/ James Brett
		 	 Name: James Brett
 Title: Assistant
Treasurer

  

			
	
		
	By:	 	/s/ Christian Berry
		 	 Name: Christian Berry
 Title: Vice
President

  
 Commitment: $39,000,000 

			
	WACHOVIA BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Cynthia A. Bean

		 	 Name: Cynthia A. Bean
 Title: Vice
President

 Commitment: $39,000,000 

			
	PNC BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Michael P. Gage

		 	 Name: Michael P. Gage
 Title: Senior Vice
President

 Commitment: $39,000,000 

			
	KEYBANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ Michael P. Szoba

		 	 Name: Michael P. Szoba
 Title: Vice
President

 Commitment: $39,000,000 

			
	UNION BANK OF CALIFORNIA
		
	By:	 	 /s/ Kandice K. Parsons

		 	 Name: Kandice K. Parsons
 Title: Vice
President

 Commitment: $30,000,000 

			
	 U.S. BANK

		
	By:	 	 /s/ Patrick Brown

		 	 Name: Patrick Brown
 Title: Vice
President

 Commitment: $30,000,000 

			
	 BANK OF THE WEST

		
	By:	 	 /s/ Chuck Weerasooriya

		 	 Name: Chuck Weerasooriya
 Title: Senior Vice
President

		
	By:	 	 /s/ Wendi Reed

		 	 Name: Wendi Reed
 Title: Vice
President

 Commitment: $30,000,000 

			
	 EMIGRANT BANK

		
	By:	 	 /s/ Patricia Goldstein

		 	 Name: Patricia Goldstein
 Title: Senior EVP and Chief
Credit Officer

 Commitment: $30,000,000 

			
	 THE ROYAL BANK OF SCOTLAND plc

		
	By:	 	 /s/ Bruce Ferguson

		 	 Name: Bruce Ferguson
 Title: Managing
Director

 Commitment: $30,000,000 

			
	 THE BANK OF NOVA SCOTIA

		
	By:	 	 /s/ Chris Osborn

		 	 Name: Chris Osborn
 Title: Managing
Director

 Commitment: $30,000,000 

			
	CHANG HWA COMMERCIAL BANK, LTD., LOS ANGELES BRANCH
		
	By:	 	 /s/ Wen-Che Chen

		 	 Name: Wen-Che Chen
 Title: VP and General
Manager

 Commitment: $10,000,000 

			
	KBC BANK N.V.
		
	By:	 	 /s/ Eric Raskin

		 	 Name: Eric Raskin
 Title: Vice
President

  

			
		
	By:	 	 /s/ Robert Snauffer

		 	 Name: Robert Snauffer
 Title: First Vice
President

 Commitment: $25,000,000 

			
	COMERICA BANK
		
	By:	 	 /s/ Adam Sheets

		 	 Name: Adam Sheets
 Title: Account
Officer

 Commitment: $25,000,000 

			
	ALLIED IRISH BANKS, p.l.c.
		
	By:	 	 /s/ Gabe Potyondy

		 	 Name: Gabe Potyondy
 Title: Vice
President

  

			
		
	By:	 	 /s/ Derrick Lynch

		 	 Name: Derrick Lynch
 Title: Assistant Vice
President

 Commitment: $25,000,000 

			
	CATHAY UNITED BANK
		
	By:	 	 /s/ Allen Peng

		 	 Name: Allen Peng
 Title: EVP and General
Manager

 Commitment: $10,000,000 

			
	CHEVY CHASE BANK
		
	By:	 	 /s/ Frederick H. Denecke

		 	 Name: Frederick H. Denecke
 Title: Vice
President

 Commitment: $15,000,000 

			
	 SUMITOMO MITSUI BANKING CORPORATION

		
	By:	 	 /s/ David A. Buck

		 	 Name: David A. Buck
 Title: Senior Vice
President

 Commitment: $25,000,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00102-of-00352.parquet"}]]