Document:

EX-10.1

 Exhibit 10.1 

COMSCORE, INC. 
 2018
EQUITY AND INCENTIVE COMPENSATION PLAN 
 (as Amended and Restated Effective as of July 9, 2020) 

1. Purpose; Prior Plan. The purpose of this Plan is to attract and retain non-employee
Directors, Employees and certain consultants to the Company and its Subsidiaries, and to provide to such persons incentives and rewards for service and/or performance. The Plan as set forth herein constitutes an amendment and restatement of the
Company’s 2018 Equity and Incentive Compensation Plan as in effect immediately prior to the Effective Date (the “Prior Plan”). This Plan shall supersede and replace in its entirety the Prior Plan; provided, however, that
notwithstanding any provisions herein to the contrary, except for the provisions of Section 3(a), each award granted under the Prior Plan prior to the Effective Date shall be subject to the terms and provisions applicable to such award under
the Prior Plan as in effect immediately prior to the Effective Date. 
 2. Definitions. As used in this Plan: 

(a) “Appreciation Right” means a right granted pursuant to Section 5 of this Plan.

 (b) “Base Price” means the price to be used as the basis for determining the Spread upon the exercise of an Appreciation Right.

 (c) “Board” means the Board of Directors of the Company. 

(d) “Cash Incentive Award” means a cash award granted pursuant to Section 8 of this
Plan. 
 (e) “Change in Control” has the meaning set forth in Section 12 of this
Plan. 
 (f) “Code” means the Internal Revenue Code of 1986, as amended from time to time. 

(g) “Committee” means the Compensation Committee of the Board (or its successor(s)), or any other committee of the Board designated
by the Board to administer this Plan pursuant to Section 10 of this Plan. 
 (h) “Common
Stock” means the common stock, par value $0.001 per share, of the Company or any security into which such common stock may be changed by reason of any transaction or event of the type referred to in
Section 11 of this Plan. 
 (i) “Company” means comScore, Inc., a Delaware
corporation, and its successors. 
 (j) “Date of Grant” means the date provided for by the Committee on which a grant of Option
Rights, Appreciation Rights, Performance Shares, Performance Units, Cash Incentive Awards, or other awards contemplated by Section 9 of this Plan, or a grant or sale of

 
Restricted Stock, Restricted Stock Units, or other awards contemplated by Section 9 of this Plan, will become effective (which date will not be
earlier than the date on which the Committee takes action with respect thereto). 
 (k) “Director” means a member of the Board.

 (l) “Effective Date” means July 9, 2020, the date on which this amendment and restatement of the Plan was approved by the
Stockholders. 
 (m) “Employee” means any person, including officers and Directors, employed by the Company or any Subsidiary.
Neither service as a Director nor payment of a director’s fee by the Company will be sufficient to constitute “employment” by the Company or any Subsidiary. 

(n) “Evidence of Award” means an agreement, certificate, resolution or other type or form of writing or other evidence approved by
the Committee that sets forth the terms and conditions of the awards granted under this Plan. An Evidence of Award may be in an electronic medium, may be limited to notation on the books and records of the Company and, unless otherwise determined by
the Committee, need not be signed by a representative of the Company or a Participant. 
 (o) “Exchange Act” means the Securities
Exchange Act of 1934, as amended, and the rules and regulations thereunder, as such law, rules and regulations may be amended from time to time. 

(p) “Incentive Stock Option” means an Option Right that is intended to qualify as an “incentive stock option” under
Section 422 of the Code or any successor provision. 
 (q) “Management Objectives” means the measurable performance objective
or objectives established pursuant to this Plan for Participants who have received grants of Performance Shares, Performance Units or Cash Incentive Awards or, when so determined by the Committee, Option Rights, Appreciation Rights, Restricted
Stock, Restricted Stock Units, dividend equivalents or other awards pursuant to this Plan. The Management Objectives shall be determined by the Committee and may be based upon, but shall not be limited to, one or more of the following performance
criteria: earnings, cash flow, cash value added performance, stockholder return and/or value, revenues or revenue growth, operating profits (including earnings before interest, taxes, depreciation and/or amortization or variations thereof), net
profits, earnings per share, stock price, cost reduction goals, debt ratios, financial return ratios, profit return and margins, market share, working capital, return on capital, safety, employee engagement, employee satisfaction, and other cultural
improvement goals. The Committee may select one criterion or multiple criteria for measuring performance. Management Objectives may be measured on Company, Subsidiary, business unit, business group, or corporate department performance, or on any
combination thereof. Further, a Management Objective may be based on comparative performance with other companies or other external measures of the selected objective. If the Committee determines that a change in the business, operations, corporate
structure or capital structure of the Company, or the manner in which it conducts its business, or other events or circumstances render the Management Objectives unsuitable, the Committee may in its discretion modify such Management Objectives or
the acceptable levels of achievement, in whole or in part, as the Committee deems appropriate and equitable. 

  
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 (r) “Market Value per Share” means, as of any particular date, if the Common Stock
is listed on any established stock exchange or traded on any established market, and unless otherwise determined by the Committee, the closing price of a share of Common Stock as quoted on such exchange or market on the date of determination, as
reported in a source the Committee deems reliable. If there is no closing price for the Common Stock on the particular date, then the Market Value per Share will be the closing price on the last preceding date for which such quotation exists. If
there is no regular public trading market for the shares of Common Stock, then the Market Value per Share shall be the fair market value as determined in good faith by the Committee. The Committee is authorized to adopt another fair market value
pricing method provided such method is stated in the applicable Evidence of Award and is in compliance with the fair market value pricing rules set forth in Section 409A of the Code. 

(s) “Optionee” means the optionee named in an Evidence of Award evidencing an outstanding Option Right. 

(t) “Option Price” means the purchase price payable on exercise of an Option Right. 

(u) “Option Right” means the right to purchase shares of Common Stock upon exercise of an award granted pursuant to
Section 4 of this Plan. 
 (v) “Participant” means a person who is selected by the
Committee to receive benefits under this Plan and who is at the time (i) an Employee, including a person who has agreed to commence serving in such capacity within 90 days of the Date of Grant, (ii) a consultant (provided that such
person satisfies the Form S-8 definition of “employee”), or (iii) a non-employee Director. 

(w) “Performance Period” means, in respect of a Cash Incentive Award, Performance Share or Performance Unit, a period of time
established pursuant to Section 8 of this Plan within which the Management Objectives relating to such Cash Incentive Award, Performance Share or Performance Unit are to be achieved. 

(x) “Performance Share” means a bookkeeping entry that records the equivalent of one share of Common Stock awarded pursuant to
Section 8 of this Plan. 
 (y) “Performance Unit” means a bookkeeping entry awarded
pursuant to Section 8 of this Plan that records a unit equivalent to $1.00 or such other value as is determined by the Committee. 

(z) “Person” means any individual, entity, or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act).

 (aa) “Plan” means this comScore, Inc. 2018 Equity and Incentive Compensation Plan, as may be amended or amended and restated
from time to time. 

  
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 (bb) “Predecessor Plan” means the comScore, Inc. 2007 Equity Incentive Plan, as
amended and restated from time to time. 
 (cc) “Prior Plan” has the meaning set forth in
Section 1 of the Plan. 
 (dd) “Restricted Stock” means shares of Common Stock
granted or sold pursuant to Section 6 of this Plan as to which neither the substantial risk of forfeiture nor the prohibition on transfers has expired. 

(ee) “Restricted Stock Units” means an award made pursuant to Section 7 of this Plan
of the right to receive shares of Common Stock, cash or a combination thereof at the end of the applicable Restriction Period. 
 (ff)
“Restriction Period” means the period of time during which Restricted Stock Units are subject to restrictions, as provided in Section 7 of this Plan. 

(gg) “Spread” means the excess of the Market Value per Share on the date when an Appreciation Right is exercised over the Base Price
provided for with respect to the Appreciation Right. 
 (hh) “Stockholder” means an individual or entity that owns one or more
shares of Common Stock. 
 (ii) “Subsidiary” means a corporation, company or other entity (i) more than 50% of whose
outstanding shares or securities (representing the right to vote for the election of directors or other managing authority) are, or (ii) which does not have outstanding shares or securities (as may be the case in a partnership, joint venture,
limited liability company, unincorporated association or other similar entity), but more than 50% of whose ownership interest representing the right generally to make decisions for such other entity is, now or hereafter, owned or controlled,
directly or indirectly, by the Company; provided, however, that for purposes of determining whether any person may be a Participant for purposes of any grant of Incentive Stock Options, “Subsidiary” shall be determined in
accordance with Section 424(f) of the Code or any successor provision. 
 3. Shares Available Under this Plan. 

(a) Maximum Shares Available Under this Plan. 
  

	 	(i)	 Subject to adjustment as provided in Section 11 of this Plan and
the share counting rules set forth in Section 3(b) of this Plan, the number of shares of Common Stock available under this Plan for awards of (A) Option Rights or Appreciation Rights,
(B) Restricted Stock, (C) Restricted Stock Units, (D) Performance Shares or Performance Units, (E) awards contemplated by Section 9 of this Plan, (F) dividend equivalents paid
with respect to awards made under this Plan, or (G) awards corresponding to those described in the preceding clauses (A) through (F) that were made under the Prior Plan will not exceed in the aggregate 20,250,000 shares of Common Stock.
Such shares may be shares of original issuance or treasury shares or a combination of the foregoing. 

  
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	 	(ii)	 The aggregate number of shares of Common Stock available under
Section 3(a)(i) of this Plan will be reduced by (A) one share of Common Stock for every one share of Common Stock subject to an award of Option Rights or Appreciation Rights granted under this Plan
or the Prior Plan, and (B) two shares of Common Stock for every one share of Common Stock subject to an award other than of Option Rights or Appreciation Rights granted under this Plan or the Prior Plan. 

(b) Share Counting Rules. 
  

	 	(i)	 Except as provided in Section 22 of this Plan, if any award
granted under this Plan or the Prior Plan (in whole or in part) is cancelled or forfeited, expires, is settled for cash, or is unearned, the shares of Common Stock subject to such award will, to the extent of such cancellation, forfeiture,
expiration, cash settlement, or unearned amount, again be available under Section 3(a)(i) above (at a rate of one share of Common Stock for every one share of Common Stock subject to awards of Option
Rights or Appreciation Rights and two shares of Common Stock for every one share of Common Stock subject to awards other than of Option Rights or Appreciation Rights). 

 

	 	(ii)	 If, after December 31, 2017, any shares of Common Stock subject to an award granted under the Predecessor
Plan are forfeited, or an award granted under the Predecessor Plan (in whole or in part) is cancelled or forfeited, expires, is settled for cash, or is unearned, the shares of Common Stock subject to such award will, to the extent of such
cancellation, forfeiture, expiration, cash settlement, or unearned amount, be available for awards under the Prior Plan or this Plan, as applicable (at a rate of one share of Common Stock for every one share of Common Stock subject to such award).

  

	 	(iii)	 Notwithstanding anything to the contrary contained in this Plan: (A) shares of Common Stock withheld by
the Company, tendered or otherwise used in payment of the Option Price of an Option Right (whether granted under this Plan or the Prior Plan) or the Base Price of an Appreciation Right (whether granted under this Plan or the Prior Plan) will not be
added (or added back, as applicable) to the aggregate number of shares of Common Stock available under Section 3(a)(i) of this Plan; (B) shares of Common Stock withheld by the Company, tendered or
otherwise used to satisfy tax withholding with respect to awards (whether granted under this Plan or the Prior Plan) other than as described in clause (C) will not be 

  
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added (or added back, as applicable) to the aggregate number of shares of Common Stock available under Section 3(a)(i) of this Plan; (C) shares
of Common Stock withheld by the Company, tendered or otherwise used prior to the expiration of this Plan to satisfy tax withholding with respect to awards (whether granted under this Plan or the Prior Plan) other than Option Rights or Appreciation
Rights shall be added back (but only to the extent such withholding did not exceed the minimum amounts of tax required to be withheld) to the aggregate number of shares of Common Stock available under
Section 3(a)(i) of this Plan; (D) shares of Common Stock subject to an Appreciation Right (whether granted under this Plan or the Prior Plan) that are not actually issued in connection with the
settlement of such Appreciation Right on the exercise thereof, will not be added back to the aggregate number of shares of Common Stock available under Section 3(a)(i) of this Plan; and (E) shares
of Common Stock reacquired by the Company on the open market or otherwise using cash proceeds from the exercise of Option Rights (whether granted under this Plan or the Prior Plan) will not be added (or added back, as applicable) to the aggregate
number of shares of Common Stock available under Section 3(a)(i) of this Plan. 

  

	 	(iv)	 If, under this Plan, a Participant has elected to give up the right to receive compensation in exchange for
shares of Common Stock based on fair market value, such shares of Common Stock will not count against the aggregate limit under Section 3(a)(i) of this Plan. 

(c) Limit on Incentive Stock Options. Notwithstanding anything to the contrary contained in this Plan, and subject to adjustment as
provided in Section 11 of this Plan, the aggregate number of shares of Common Stock actually issued or transferred by the Company upon the exercise of Incentive Stock Options (whether granted under this
Plan or the Prior Plan) will not exceed 20,250,000 shares of Common Stock. 
 (d) Individual Director Limit. Notwithstanding anything
to the contrary contained in this Plan, and subject to adjustment as provided in Section 11 of this Plan, in no event will any non-employee Director in any one
calendar year be granted compensation for such service having an aggregate maximum value (measured at the Date of Grant as applicable, and calculating the value of any awards under this Plan based on the grant date fair value for financial reporting
purposes) in excess of $900,000. 
 4. Option Rights. The Committee may, from time to time and upon such terms and conditions as it
may determine, authorize the granting to Participants of Option Rights. Each such grant may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions: 

(a) Each grant will specify the number of shares of Common Stock to which it pertains subject to the limitations set forth in
Section 3 of this Plan. 

  
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 (b) Each grant will specify an Option Price per share of Common Stock, which (except with
respect to awards under Section 22 of this Plan) may not be less than the Market Value per Share on the Date of Grant. 

(c) Each grant will specify whether the Option Price will be payable (i) in cash, by check acceptable to the Company or by wire transfer
of immediately available funds, (ii) by the actual or constructive transfer to the Company of shares of Common Stock owned by the Optionee having a value at the time of exercise equal to the total Option Price, (iii) subject to any
conditions or limitations established by the Committee, by the withholding of shares of Common Stock otherwise issuable upon exercise of an Option Right pursuant to a “net exercise” arrangement (it being understood that, solely for
purposes of determining the number of treasury shares held by the Company, the shares of Common Stock so withheld will not be treated as issued and acquired by the Company upon such exercise), (iv) by a combination of such methods of payment,
or (v) by such other methods as may be approved by the Committee. 
 (d) To the extent permitted by law, any grant may provide for
deferred payment of the Option Price from the proceeds of sale through a bank or broker on a date satisfactory to the Company of some or all of the shares of Common Stock to which such exercise relates. 

(e) Successive grants may be made to the same Participant whether or not any Option Rights previously granted to such Participant remain
unexercised. 
 (f) Each grant will specify the period or periods of continuous service by the Optionee with the Company or any Subsidiary,
if any, that is necessary before any Option Rights or installments thereof will become exercisable. Option Rights may provide for continued vesting or the earlier exercise of such Option Rights, including in the event of the retirement, death or
disability of a Participant or in the event of a Change in Control. 
 (g) Any grant of Option Rights may specify Management Objectives that
must be achieved as a condition to the exercise of such rights. 
 (h) Option Rights granted under this Plan may be (i) options,
including Incentive Stock Options, that are intended to qualify under particular provisions of the Code, (ii) options that are not intended to so qualify, or (iii) combinations of the foregoing. Incentive Stock Options may only be granted
to Participants who meet the definition of “employees” under Section 3401(c) of the Code. 
 (i) No Option Right will be
exercisable more than 10 years from the Date of Grant. The Committee may provide in any Evidence of Award for the automatic exercise of an Option Right upon such terms and conditions as established by the Committee. 

(j) Option Rights granted under this Plan may not provide for any dividends or dividend equivalents thereon. 

(k) Each grant of Option Rights will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will
contain such terms and provisions, consistent with this Plan, as the Committee may approve. 

  
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 5. Appreciation Rights. 

(a) The Committee may, from time to time and upon such terms and conditions as it may determine, authorize the granting to any Participant of
Appreciation Rights. An Appreciation Right will be the right of the Participant to receive from the Company an amount determined by the Committee, which will be expressed as a percentage of the Spread (not exceeding 100%) at the time of exercise.

 (b) Each grant of Appreciation Rights may utilize any or all of the authorizations, and will be subject to all of the requirements,
contained in the following provisions: 
  

	 	(i)	 Each grant may specify that the amount payable on exercise of an Appreciation Right will be paid by the Company
in cash, shares of Common Stock or any combination thereof. 

  

	 	(ii)	 Any grant may specify that the amount payable on exercise of an Appreciation Right may not exceed a maximum
specified by the Committee on the Date of Grant. 

  

	 	(iii)	 Any grant may specify waiting periods before exercise and permissible exercise dates or periods.

  

	 	(iv)	 Each grant will specify the period or periods of continuous service by the Participant with the Company or any
Subsidiary, if any, that is necessary before the Appreciation Rights or installments thereof will become exercisable. Appreciation Rights may provide for continued vesting or the earlier exercise of such Appreciation Rights, including in the event
of the retirement, death or disability of a Participant or in the event of a Change in Control. 

  

	 	(v)	 Any grant of Appreciation Rights may specify Management Objectives that must be achieved as a condition of the
exercise of such Appreciation Rights. 

  

	 	(vi)	 Appreciation Rights granted under this Plan may not provide for any dividends or dividend equivalents thereon.

  

	 	(vii)	 Successive grants of Appreciation Rights may be made to the same Participant regardless of whether any
Appreciation Rights previously granted to the Participant remain unexercised. 

  

	 	(viii)	 Each grant of Appreciation Rights will be evidenced by an Evidence of Award. Each Evidence of Award will be
subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee may approve. 

  
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 (c) Also, regarding Appreciation Rights: 

 

	 	(i)	 Each grant will specify in respect of each Appreciation Right a Base Price, which (except with respect to
awards under Section 22 of this Plan) may not be less than the Market Value per Share on the Date of Grant; and 

 

	 	(ii)	 No Appreciation Right granted under this Plan may be exercised more than 10 years from the Date of Grant. The
Committee may provide in any Evidence of Award for the automatic exercise of an Appreciation Right upon such terms and conditions as established by the Committee. 

6. Restricted Stock. The Committee may, from time to time and upon such terms and conditions as it may determine, authorize the grant
or sale of Restricted Stock to Participants. Each such grant or sale may utilize any or all of the authorizations, and will be subject to all of the requirements, contained in the following provisions: 

(a) Each such grant or sale will constitute an immediate transfer of the ownership of shares of Common Stock to the Participant in
consideration of the performance of services, entitling such Participant to voting, dividend and other ownership rights, but subject to the substantial risk of forfeiture and restrictions on transfer hereinafter described. 

(b) Each such grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less
than the Market Value per Share on the Date of Grant. 
 (c) Each such grant or sale will provide that the Restricted Stock covered by such
grant or sale will be subject to a “substantial risk of forfeiture” within the meaning of Section 83 of the Code for a period to be determined by the Committee on the Date of Grant or until achievement of Management Objectives
referred to in Section 6(e) of this Plan. 
 (d) Each such grant or sale will provide that
during or after the period for which such substantial risk of forfeiture is to continue, the transferability of the Restricted Stock will be prohibited or restricted in the manner and to the extent prescribed by the Committee on the Date of Grant
(which restrictions may include rights of repurchase or first refusal of the Company or provisions subjecting the Restricted Stock to a continuing substantial risk of forfeiture while held by any transferee). 

(e) Any grant of Restricted Stock may specify Management Objectives that, if achieved, will result in termination or early termination of the
restrictions applicable to such Restricted Stock. 
 (f) Notwithstanding anything to the contrary contained in this Plan, Restricted Stock
may provide for continued vesting or the earlier termination of restrictions on such Restricted Stock, including in the event of the retirement, death or disability of a Participant or in the event of a Change in Control. 

  
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 (g) Any such grant or sale of Restricted Stock will require that any and all dividends or
other distributions paid thereon during the period of such restrictions be automatically deferred and/or reinvested in additional Restricted Stock, which will be subject to the same restrictions as the underlying award. For the avoidance of doubt,
any such dividends or other distributions on Restricted Stock will be deferred until, and paid contingent upon, the vesting of such Restricted Stock. 

(h) Each grant or sale of Restricted Stock will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and
will contain such terms and provisions, consistent with this Plan, as the Committee may approve. Unless otherwise directed by the Committee, (i) all certificates representing Restricted Stock will be held in custody by the Company until all
restrictions thereon will have lapsed, together with a stock power or powers executed by the Participant in whose name such certificates are registered, endorsed in blank and covering such shares or (ii) all Restricted Stock will be held at the
Company’s transfer agent in book entry form with appropriate restrictions relating to the transfer of such Restricted Stock. 
 7.
Restricted Stock Units. The Committee may, from time to time and upon such terms and conditions as it may determine, authorize the granting or sale of Restricted Stock Units to Participants. Each such grant or sale may utilize any or all of
the authorizations, and will be subject to all of the requirements, contained in the following provisions: 
 (a) Each such grant or sale
will constitute the agreement by the Company to deliver shares of Common Stock or cash, or a combination thereof, to the Participant in the future in consideration of the performance of services, but subject to the fulfillment of such conditions
(which may include the achievement of Management Objectives) during the Restriction Period as the Committee may specify. 
 (b) Each such
grant or sale may be made without additional consideration or in consideration of a payment by such Participant that is less than the Market Value per Share on the Date of Grant. 

(c) Notwithstanding anything to the contrary contained in this Plan, Restricted Stock Units may provide for continued vesting or the earlier
lapse or other modification of the Restriction Period, including in the event of the retirement, death or disability of a Participant or in the event of a Change in Control. 

(d) During the Restriction Period, the Participant will have no right to transfer any rights under his or her award and will have no rights of
ownership in the shares of Common Stock deliverable upon payment of the Restricted Stock Units and will have no right to vote them, but the Committee may, at or after the Date of Grant, authorize the payment of dividend equivalents on such
Restricted Stock Units on a deferred and contingent basis, either in cash or in additional shares of Common Stock; provided, however, that dividend equivalents or other distributions on shares of Common Stock underlying Restricted
Stock Units will be deferred until and paid contingent upon the vesting of such Restricted Stock Units. 
 (e) Each grant or sale of
Restricted Stock Units will specify the time and manner of payment of the Restricted Stock Units that have been earned. Each grant or sale will specify that the amount payable with respect thereto will be paid by the Company in shares of Common
Stock or cash, or a combination thereof. 
 (f) Each grant or sale of Restricted Stock Units will be evidenced by an Evidence of Award. Each
Evidence of Award will be subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee may approve. 

  
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 8. Cash Incentive Awards, Performance Shares and Performance Units. The Committee
may, from time to time and upon such terms and conditions as it may determine, authorize the granting of Cash Incentive Awards, Performance Shares and Performance Units. Each such grant may utilize any or all of the authorizations, and will be
subject to all of the requirements, contained in the following provisions: 
 (a) Each grant will specify the number or amount of
Performance Shares or Performance Units, or amount payable with respect to a Cash Incentive Award, to which it pertains, which number or amount may be subject to adjustment to reflect changes in compensation or other factors. 

(b) The Performance Period with respect to each Cash Incentive Award or grant of Performance Shares or Performance Units will be such period
of time as will be determined by the Committee, which may be subject to continued vesting or earlier lapse or other modification, including in the event of the retirement, death or disability of a Participant or in the event of a Change in Control.

 (c) Each grant of a Cash Incentive Award, Performance Shares or Performance Units will specify Management Objectives which, if achieved,
will result in payment or early payment of the award, and each grant may specify in respect of such specified Management Objectives a minimum acceptable level or levels of achievement and may set forth a formula for determining the number of
Performance Shares or Performance Units, or amount payable with respect to a Cash Incentive Award, that will be earned if performance is at or above the minimum or threshold level or levels, or is at or above the target level or levels, but falls
short of maximum achievement of the specified Management Objectives. 
 (d) Each grant will specify the time and manner of payment of a Cash
Incentive Award, Performance Shares or Performance Units that have been earned. Any grant may specify that the amount payable with respect thereto may be paid by the Company in cash, in shares of Common Stock, in Restricted Stock or Restricted Stock
Units or in any combination thereof. 
 (e) Any grant of a Cash Incentive Award, Performance Shares or Performance Units may specify that
the amount payable or the number of shares of Common Stock, Restricted Stock or Restricted Stock Units payable with respect thereto may not exceed a maximum specified by the Committee on the Date of Grant. 

(f) The Committee may, on the Date of Grant of Performance Shares or Performance Units, provide for the payment of dividend equivalents to the
holder thereof either in cash or in additional shares of Common Stock, subject in all cases to deferral and payment on a contingent basis based on the Participant’s earning and vesting of the Performance Shares or Performance Units, as
applicable, with respect to which such dividend equivalents are paid. 
 (g) Each grant of a Cash Incentive Award, Performance Shares or
Performance Units will be evidenced by an Evidence of Award. Each Evidence of Award will be subject to this Plan and will contain such terms and provisions, consistent with this Plan, as the Committee may approve.

  
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 9. Other Awards. 

(a) Subject to applicable law and the applicable limits set forth in Section 3 of this Plan,
the Committee may authorize the grant to any Participant of shares of Common Stock or such other awards that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or relating to, shares of Common Stock
or factors that may influence the value of such shares, including, without limitation, convertible or exchangeable debt securities, other rights convertible or exchangeable into shares of Common Stock, purchase rights for shares of Common Stock,
awards with value and payment contingent upon performance of the Company or specified Subsidiaries, affiliates or other business units thereof or any other factors designated by the Committee, and awards valued by reference to the book value of the
shares of Common Stock or the value of securities of, or the performance of specified Subsidiaries or affiliates or other business units of the Company. The Committee will determine the terms and conditions of such awards. Shares of Common Stock
delivered pursuant to an award in the nature of a purchase right granted under this Section 9 will be purchased for such consideration, paid for at such time, by such methods, and in such forms,
including, without limitation, shares of Common Stock, other awards, notes or other property, as the Committee determines. 
 (b) Cash
awards, as an element of or supplement to any other award granted under this Plan, may also be granted pursuant to this Section 9. 

(c) The Committee may authorize the grant of shares of Common Stock as a bonus, or may authorize the grant of other awards in lieu of
obligations of the Company or a Subsidiary to pay cash or deliver other property under this Plan or under other plans or compensatory arrangements, subject to such terms as will be determined by the Committee in a manner that complies with
Section 409A of the Code. 
 (d) The Committee may, at or after the Date of Grant, authorize the payment of dividends or dividend
equivalents on awards granted under this Section 9 on a deferred and contingent basis, either in cash or in additional shares of Common Stock; provided, however, that dividend equivalents
or other distributions on shares of Common Stock underlying awards granted under this Section 9 will be deferred until and paid contingent upon the earning and vesting of such awards. 

(e) The Evidence of Award will specify the time and terms of delivery of an award granted under this
Section 9. 
 (f) Notwithstanding anything to the contrary contained in this Plan, awards
under this Section 9 may provide for the earning or vesting of, or earlier elimination of restrictions applicable to, such award, including in the event of the retirement, death or disability of a
Participant or in the event of a Change in Control. 

  
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 10. Administration of this Plan. 

(a) This Plan will be administered by the Committee. The Committee may from time to time delegate all or any part of its authority under this
Plan to a subcommittee thereof. To the extent of any such delegation, references in this Plan to the Committee will be deemed to be references to such subcommittee. 

(b) The interpretation and construction by the Committee of any provision of this Plan or of any Evidence of Award (or related documents) and
any determination by the Committee pursuant to any provision of this Plan or of any such agreement, notification or document will be final and conclusive. No member of the Committee shall be liable for any such action or determination made in good
faith. In addition, the Committee is authorized to take any action it determines in its sole discretion to be appropriate subject only to the express limitations contained in this Plan, and no authorization in any Plan section or other provision of
this Plan is intended or may be deemed to constitute a limitation on the authority of the Committee. 
 (c) To the extent permitted by law,
the Committee may delegate to one or more of its members, to one or more officers of the Company, or to one or more agents or advisors, such administrative duties or powers as it may deem advisable, and the Committee, the subcommittee, or any person
to whom duties or powers have been delegated as aforesaid, may employ one or more persons to render advice with respect to any responsibility the Committee, the subcommittee or such person may have under this Plan. The Committee may, by resolution,
authorize one or more officers of the Company to do one or both of the following on the same basis as the Committee: (i) designate employees to be recipients of awards under this Plan; and (ii) determine the size of any such awards;
provided, however, that (A) the Committee will not delegate such responsibilities to any such officer for awards granted to an employee who is an officer, Director, or more than 10% “beneficial owner” (as such term is
defined in Rule 13d-3 promulgated under the Exchange Act) of any class of the Company’s equity securities that is registered pursuant to Section 12 of the Exchange Act, as determined by the Committee
in accordance with Section 16 of the Exchange Act; (B) the resolution providing for such authorization shall set forth the total number of shares of Common Stock such officer(s) may grant; and (C) the officer(s) will report
periodically to the Committee regarding the nature and scope of the awards granted pursuant to the authority delegated. 
 11.
Adjustments. The Committee shall make or provide for such adjustments in the number of and kind of shares of Common Stock covered by outstanding Option Rights, Appreciation Rights, Restricted Stock, Restricted Stock Units, Performance Shares
and Performance Units granted hereunder and, if applicable, in the number of and kind of shares of Common Stock covered by other awards granted pursuant to Section 9 of this Plan, in the Option Price
and Base Price provided in outstanding Option Rights and Appreciation Rights, respectively, in Cash Incentive Awards, and in other award terms, as the Committee, in its sole discretion, exercised in good faith, determines is equitably required to
prevent dilution or enlargement of the rights of Participants that otherwise would result from (a) any extraordinary cash dividend, stock dividend, stock split, combination of shares, recapitalization or other change in the capital structure of
the Company, (b) any merger, consolidation, spin-off, split-off, spin-out, split-up,
reorganization, partial or complete liquidation or other distribution of assets, issuance of rights or warrants to purchase securities, or (c) any other corporate transaction or event having an effect

  
 13 

 
similar to any of the foregoing. Moreover, in the event of any such transaction or event or in the event of a Change in Control, the Committee may provide in substitution for any or all
outstanding awards under this Plan such alternative consideration (including cash), if any, as it, in good faith, may determine to be equitable in the circumstances and shall require in connection therewith the surrender of all awards so replaced in
a manner that complies with Section 409A of the Code. In addition, for each Option Right or Appreciation Right with an Option Price or Base Price, respectively, greater than the consideration offered in connection with any such transaction or
event or Change in Control, the Committee may in its discretion elect to cancel such Option Right or Appreciation Right without any payment to the Person holding such Option Right or Appreciation Right. The Committee shall also make or provide for
such adjustments in the number of shares of Common Stock specified in Section 3 of this Plan as the Committee in its sole discretion, exercised in good faith, determines is appropriate to reflect any
transaction or event described in this Section 11; provided, however, that any such adjustment to the number specified in Section 3(c) of
this Plan will be made only if and to the extent that such adjustment would not cause any Option Right intended to qualify as an Incentive Stock Option to fail to so qualify. 

12. Change in Control. For purposes of this Plan, except as may be otherwise prescribed by the Committee with respect to an
award made under this Plan, a “Change in Control” will be deemed to have occurred upon the occurrence (after the Effective Date) of any of the following events: 

(a) any Person becomes the beneficial owner (within the meaning of Rule 13d-3 promulgated under the
Exchange Act) of 50% or more of either (i) the then-outstanding Common Stock (the “Outstanding Company Common Stock”) or (ii) the combined voting power of the then-outstanding voting securities of the Company entitled to vote
generally in the election of Directors (the “Outstanding Company Voting Securities”); provided, however, that, for purposes of this definition, the following acquisitions shall not constitute a Change in Control: (A) any
acquisition directly from the Company, (B) any acquisition by the Company, (C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company, or
(D) any acquisition pursuant to a transaction that complies with Sections 12(c)(i), (c)(ii) and (c)(iii) below; 

(b) individuals who, as of the Effective Date, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at
least a majority of the Board; provided, however, that any individual becoming a Director subsequent to the Effective Date whose election, or nomination for election by the Stockholders, was approved by a vote of a majority of the
Directors then comprising the Incumbent Board (either by specific vote or by approval of the proxy statement of the Company in which such individual is named as a nominee for Director, without objection to such nomination) shall be considered as
though such individual was a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or
removal of Directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; 

(c) consummation of a reorganization, merger, statutory share exchange or consolidation or similar transaction involving the Company or any of
its Subsidiaries, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets 

  
 14 

 
or securities of another entity by the Company or any of its Subsidiaries (each, a “Business Combination”), in each case unless, following such Business Combination, (i) all or
substantially all of the individuals and entities that were the beneficial owners of the Outstanding Company Common Stock and the Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or
indirectly, more than 50% of the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) and the combined voting power of the then-outstanding voting securities entitled
to vote generally in the election of directors (or, for a non-corporate entity, equivalent governing body), as the case may be, of the entity resulting from such Business Combination (including, without
limitation, an entity that, as a result of such transaction, owns the Company or all or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership
immediately prior to such Business Combination of the Outstanding Company Common Stock and the Outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding any entity resulting from such Business Combination or any
employee benefit plan (or related trust) of the Company or such entity resulting from such Business Combination) beneficially owns, directly or indirectly, 50% or more of, respectively, the then-outstanding shares of common stock (or, for a non-corporate entity, equivalent securities) of the entity resulting from such Business Combination or the combined voting power of the then-outstanding voting securities of such entity, except to the extent that
such ownership existed prior to the Business Combination, and (iii) at least a majority of the members of the board of directors (or, for a non-corporate entity, equivalent governing body) of the entity
resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement or of the action of the Board providing for such Business Combination; or 

(d) approval by the Stockholders of a complete liquidation or dissolution of the Company. 

13. Detrimental Activity and Recapture Provisions. Any Evidence of Award may reference a clawback policy of the Company or provide for
the cancellation or forfeiture of an award or the forfeiture and repayment to the Company of any gain related to an award, or other provisions intended to have a similar effect, upon such terms and conditions as may be determined by the Committee
from time to time, if a Participant, either (a) during employment or other service with the Company or a Subsidiary, or (b) within a specified period after termination of such employment or service, engages in any detrimental activity, as
described in the applicable Evidence of Award or such clawback policy. In addition, notwithstanding anything in this Plan to the contrary, any Evidence of Award or such clawback policy may also provide for the cancellation or forfeiture of an award
or the forfeiture and repayment to the Company of any shares of Common Stock issued under and/or any other benefit related to an award, or other provisions intended to have a similar effect, upon such terms and conditions as may be required by the
Committee or under Section 10D of the Exchange Act and any applicable rules or regulations promulgated by the Securities and Exchange Commission or any national securities exchange or national securities association on which the shares of
Common Stock may be traded. 
 14. Non-U.S. Participants. In order to facilitate the making
of any grant or combination of grants under this Plan, the Committee may provide for such special terms for awards to Participants who are foreign nationals or who are employed by the Company or any Subsidiary outside of the United States of America
or who provide services to the Company or 

  
 15 

 
any Subsidiary under an agreement with a foreign nation or agency, as the Committee may consider necessary or appropriate to accommodate differences in local law, tax policy or custom. Moreover,
the Committee may approve such supplements to or amendments, restatements or alternative versions of this Plan (including sub-plans) as it may consider necessary or appropriate for such purposes, without
thereby affecting the terms of this Plan as in effect for any other purpose, and the secretary or other appropriate officer of the Company may certify any such document as having been approved and adopted in the same manner as this Plan. No such
special terms, supplements, amendments or restatements, however, will include any provisions that are inconsistent with the terms of this Plan as then in effect unless this Plan could have been amended to eliminate such inconsistency without further
approval by the Stockholders. 
 15. Transferability. 

(a) Except as otherwise determined by the Committee, no Option Right, Appreciation Right, Restricted Stock, Restricted Stock Unit, Performance
Share, Performance Unit, Cash Incentive Award, award contemplated by Section 9 of this Plan or dividend equivalents paid with respect to awards made under this Plan will be transferable by the
Participant except by will or the laws of descent and distribution. In no event will any such award granted under this Plan be transferred for value. Except as otherwise determined by the Committee, Option Rights and Appreciation Rights will be
exercisable during the Participant’s lifetime only by him or her or, in the event of the Participant’s legal incapacity to do so, by his or her guardian or legal representative acting on behalf of the Participant in a fiduciary capacity
under state law or court supervision. 
 (b) The Committee may specify on the Date of Grant that part or all of the shares of Common Stock
that are (i) to be issued or transferred by the Company upon the exercise of Option Rights or Appreciation Rights, upon the termination of the Restriction Period applicable to Restricted Stock Units or upon payment under any grant of
Performance Shares or Performance Units or (ii) no longer subject to the substantial risk of forfeiture and restrictions on transfer referred to in Section 6 of this Plan, will be subject to
further restrictions on transfer, including minimum holding periods. 
 16. Withholding Taxes. To the extent that the Company is
required to withhold federal, state, local or foreign taxes or other amounts in connection with any payment made or benefit realized by a Participant or other Person under this Plan, and the amounts available to the Company for such withholding are
insufficient, it will be a condition to the receipt of such payment or the realization of such benefit that the Participant or such other Person make arrangements satisfactory to the Company for payment of the balance of such taxes or other amounts
required to be withheld, which arrangements (in the discretion of the Committee) may include relinquishment of a portion of such benefit. If a Participant’s benefit is to be received in the form of shares of Common Stock, and such Participant
fails to make arrangements for the payment of taxes or other amounts, then, unless otherwise determined by the Committee, the Company will withhold shares of Common Stock having a value equal to the amount required to be withheld. Notwithstanding
the foregoing, when a Participant is required to pay the Company an amount required to be withheld under applicable income, employment, tax or other laws, the Participant may elect, unless otherwise determined by the Committee, to satisfy the
obligation, in whole or in part, by having withheld, from the shares of Common Stock required to be delivered to the Participant, shares of 

  
 16 

 
Common Stock having a value equal to the amount required to be withheld or by delivering to the Company other shares of Common Stock held by such Participant. The shares of Common Stock used for
tax or other withholding will be valued at an amount equal to the fair market value of such shares of Common Stock on the date the benefit is to be included in Participant’s income. In no event will the fair market value of the shares of Common
Stock to be withheld and delivered pursuant to this Section 16 exceed the minimum amount required to be withheld, unless (i) an additional amount can be withheld and not result in adverse
accounting consequences, (ii) such additional withholding amount is authorized by the Committee, and (iii) the total amount withheld does not exceed the Participant’s estimated tax obligations attributable to the applicable
transaction. Participants will also make such arrangements as the Company may require for the payment of any withholding tax or other obligation that may arise in connection with the disposition of shares of Common Stock acquired upon the exercise
of Option Rights. 
 17. Compliance with Section 409A of the Code. 

(a) To the extent applicable, it is intended that this Plan and any grants made hereunder comply with the provisions of Section 409A of
the Code, so that the income inclusion provisions of Section 409A(a)(1) of the Code do not apply to the Participants. This Plan and any grants made hereunder will be administered in a manner consistent with this intent. Any reference in this
Plan to Section 409A of the Code will also include any regulations or any other formal guidance promulgated with respect to such section by the U.S. Department of the Treasury or the Internal Revenue Service. 

(b) Neither a Participant nor any of a Participant’s creditors or beneficiaries will have the right to subject any deferred compensation
(within the meaning of Section 409A of the Code) payable under this Plan and grants hereunder to any anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment. Except as permitted under
Section 409A of the Code, any deferred compensation (within the meaning of Section 409A of the Code) payable to a Participant or for a Participant’s benefit under this Plan and grants hereunder may not be reduced by, or offset
against, any amount owed by a Participant to the Company or any of its Subsidiaries. 
 (c) If, at the time of a Participant’s
separation from service (within the meaning of Section 409A of the Code), (i) the Participant will be a specified employee (within the meaning of Section 409A of the Code and using the identification methodology selected by the
Company from time to time) and (ii) the Company makes a good faith determination that an amount payable hereunder constitutes deferred compensation (within the meaning of Section 409A of the Code) the payment of which is required to be
delayed pursuant to the six-month delay rule set forth in Section 409A of the Code in order to avoid taxes or penalties under Section 409A of the Code, then the Company will not pay such amount on
the otherwise scheduled payment date but will instead pay it, without interest, on the first business day of the seventh month after such separation from service. 

(d) Solely with respect to any award that constitutes nonqualified deferred compensation subject to Section 409A of the Code and that is
payable on account of a Change in Control (including any installments or stream of payments that are accelerated on account of a Change in Control), a Change in Control shall occur only if such event also constitutes a “change

  
 17 

 
in the ownership,” “change in effective control,” and/or a “change in the ownership of a substantial portion of assets” of the Company as those terms are defined under
Treasury Regulation §1.409A-3(i)(5), but only to the extent necessary to establish a time and form of payment that complies with Section 409A of the Code, without altering the definition of Change in
Control for any purpose in respect of such award. 
 (e) Notwithstanding any provision of this Plan and grants hereunder to the contrary, in
light of the uncertainty with respect to the proper application of Section 409A of the Code, the Company reserves the right to make amendments to this Plan and grants hereunder as the Company deems necessary or desirable to avoid the imposition
of taxes or penalties under Section 409A of the Code. In any case, a Participant will be solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on a Participant or for a Participant’s account in
connection with this Plan and grants hereunder (including any taxes and penalties under Section 409A of the Code), and neither the Company nor any of its affiliates will have any obligation to indemnify or otherwise hold a Participant harmless
from any or all of such taxes or penalties. 
 18. Amendments. 

(a) The Board may at any time and from time to time amend this Plan in whole or in part; provided, however, that if an amendment
to this Plan, for purposes of applicable stock exchange rules and except as permitted under Section 11 of this Plan, (i) would materially increase the benefits accruing to Participants under this
Plan, (ii) would materially increase the number of securities which may be issued under this Plan, (iii) would materially modify the requirements for participation in this Plan, or (iv) must otherwise be approved by the Stockholders
in order to comply with applicable law or the rules of the NASDAQ Stock Market or, if the shares of Common Stock are not traded on the NASDAQ Stock Market, the principal national securities exchange upon which the shares of Common Stock are traded
or quoted, all as determined by the Board, then, such amendment will be subject to Stockholder approval and will not be effective unless and until such approval has been obtained. 

(b) Except in connection with a corporate transaction or event described in Section 11 of this
Plan or in connection with a Change in Control, the terms of outstanding awards may not be amended to reduce the Option Price of outstanding Option Rights or the Base Price of outstanding Appreciation Rights, or cancel outstanding
“underwater” Option Rights or Appreciation Rights (including following a Participant’s voluntary surrender of “underwater” Option Rights or Appreciation Rights) in exchange for cash, other awards or Option Rights or
Appreciation Rights with an Option Price or Base Price, as applicable, that is less than the Option Price of the original Option Rights or Base Price of the original Appreciation Rights, as applicable, without Stockholder approval. This
Section 18(b) is intended to prohibit the repricing of “underwater” Option Rights and Appreciation Rights and will not be construed to prohibit the adjustments provided for in
Section 11 of this Plan. Notwithstanding any provision of this Plan to the contrary, this Section 18(b) may not be amended without approval by the
Stockholders. 
 (c) If permitted by Section 409A of the Code, but subject to the paragraph that follows, including in the case of
termination of employment or service, or in the case of unforeseeable emergency or other circumstances or in the event of a Change in Control, to the 

  
 18 

 
extent a Participant holds an Option Right or Appreciation Right not immediately exercisable in full, or any Restricted Stock as to which the substantial risk of forfeiture or the prohibition or
restriction on transfer has not lapsed, or any Restricted Stock Units as to which the Restriction Period has not been completed, or any Cash Incentive Awards, Performance Shares or Performance Units which have not been fully earned, or any dividend
equivalents or other awards made pursuant to Section 9 of this Plan subject to any vesting schedule or transfer restriction, or who holds shares of Common Stock subject to any transfer restriction
imposed pursuant to Section 15(b) of this Plan, the Committee may, in its sole discretion, provide for continued vesting or accelerate the time at which such Option Right, Appreciation Right or other
award may be exercised or the time at which such substantial risk of forfeiture or prohibition or restriction on transfer will lapse or the time when such Restriction Period will end or the time at which such Cash Incentive Awards, Performance
Shares or Performance Units will be deemed to have been fully earned or the time when such transfer restriction will terminate or may waive any other limitation or requirement under any such award. 

(d) Subject to Section 18(b) of this Plan, the Committee may amend the terms of any award
theretofore granted under this Plan prospectively or retroactively. Except for adjustments made pursuant to Section 11 of this Plan, no such amendment will materially impair the rights of any
Participant without his or her consent. The Board may, in its discretion, terminate this Plan at any time. Termination of this Plan will not affect the rights of Participants or their successors under any awards outstanding hereunder and not
exercised in full on the date of termination. 
 19. Governing Law. This Plan and all grants and awards and actions taken hereunder
will be governed by and construed in accordance with the internal substantive laws of the State of Delaware. 
 20. Effective
Date/Termination. This amended and restated Plan was adopted by the Board on May 26, 2020, and is subject to approval by the Stockholders at the 2020 annual meeting of the Stockholders. If this amendment and restatement is not so approved
by the Stockholders, then this amendment and restatement shall be void ab initio, and the Prior Plan shall continue in effect as if this amendment and restatement had not occurred, and any awards previously granted under the Prior Plan shall
continue in effect under the terms of the grant and the Prior Plan; provided, that thereafter awards may continue to be granted pursuant to the terms of the Prior Plan, as in effect prior to this amendment and restatement and as may be
otherwise amended thereafter. This amended and restated Plan shall become effective on the Effective Date if it is approved on such date by the Stockholders. No grants will be made on or after May 30, 2018 under the Predecessor Plan,
provided that outstanding awards granted under the Predecessor Plan will continue unaffected following such date. No grant will be made under this Plan on or after May 30, 2028, the tenth anniversary of the date the Prior Plan was
approved by the Stockholders, but all grants made prior to such date will continue in effect thereafter subject to the terms thereof and of this Plan. 

  
 19 

 21. Miscellaneous Provisions. 

(a) The Company will not be required to issue any fractional shares of Common Stock pursuant to this Plan. The Committee may provide for the
elimination of fractions or for the settlement of fractions in cash. 
 (b) This Plan will not confer upon any Participant any right with
respect to continuance of employment or other service with the Company or any Subsidiary, nor will it interfere in any way with any right the Company or any Subsidiary would otherwise have to terminate such Participant’s employment or other
service at any time. 
 (c) Except with respect to Section 21(e) of this Plan, to the extent
that any provision of this Plan would prevent any Option Right that was intended to qualify as an Incentive Stock Option from qualifying as such, that provision will be null and void with respect to such Option Right. Such provision, however, will
remain in effect for other Option Rights and there will be no further effect on any provision of this Plan. 
 (d) No award under this Plan
may be exercised by the holder thereof if such exercise, and the receipt of cash or stock thereunder, would be, in the opinion of counsel selected by the Company, contrary to law or the regulations of any duly constituted authority having
jurisdiction over this Plan. 
 (e) Absence on leave approved by a duly constituted officer of the Company or any of its Subsidiaries will
not be considered interruption or termination of service of any employee for any purposes of this Plan or awards granted hereunder. 
 (f)
No Participant will have any rights as a Stockholder with respect to any shares of Common Stock subject to awards granted to him or her under this Plan prior to the date as of which he or she is actually recorded as the holder of such shares of
Common Stock upon the stock records of the Company. 
 (g) The Committee may condition the grant of any award or combination of awards
authorized under this Plan on the surrender or deferral by the Participant of his or her right to receive a cash bonus or other compensation otherwise payable by the Company or a Subsidiary to the Participant. 

(h) Except with respect to Option Rights and Appreciation Rights, the Committee may permit Participants to elect to defer the issuance of
shares of Common Stock under this Plan pursuant to such rules, procedures or programs as it may establish for purposes of this Plan and which are intended to comply with the requirements of Section 409A of the Code. The Committee also may
provide that deferred issuances and settlements include the crediting of dividend equivalents or interest on the deferral amounts. 
 (i) If
any provision of this Plan is or becomes invalid or unenforceable in any jurisdiction, or would disqualify this Plan or any award under any law deemed applicable by the Committee, such provision will be construed or deemed amended or limited in
scope to conform to applicable laws or, in the discretion of the Committee, it will be stricken and the remainder of this Plan will remain in full force and effect. Notwithstanding anything in this Plan or an Evidence

  
 20 

 
of Award to the contrary, nothing in this Plan or in an Evidence of Award prevents a Participant from providing, without prior notice to the Company, information to governmental authorities
regarding possible legal violations or otherwise testifying or participating in any investigation or proceeding by any governmental authorities regarding possible legal violations, and for purpose of clarity a Participant is not prohibited from
providing information voluntarily to the Securities and Exchange Commission pursuant to Section 21F of the Exchange Act. 
 22.
Stock-Based Awards in Substitution for Awards Granted by Another Company. Notwithstanding anything in this Plan to the contrary: 

(a) Awards may be granted under this Plan in substitution for or in conversion of, or in connection with an assumption of, stock options,
stock appreciation rights, restricted stock, restricted stock units or other stock or stock-based awards held by awardees of an entity engaging in a corporate acquisition or merger transaction with the Company or any Subsidiary. Any conversion,
substitution or assumption will be effective as of the close of the merger or acquisition, and, to the extent applicable, will be conducted in a manner that complies with Section 409A of the Code. The awards so granted may reflect the original
terms of the awards being assumed or substituted or converted for and need not comply with other specific terms of this Plan, and may account for shares of Common Stock substituted for the securities covered by the original awards and the number of
shares subject to the original awards, as well as any exercise or purchase prices applicable to the original awards, adjusted to account for differences in stock prices in connection with the transaction. 

(b) In the event that a company acquired by the Company or any Subsidiary or with which the Company or any Subsidiary merges has shares
available under a pre-existing plan previously approved by stockholders and not adopted in contemplation of such acquisition or merger, the shares available for grant pursuant to the terms of such plan (as
adjusted, to the extent appropriate, to reflect such acquisition or merger) may be used for awards made after such acquisition or merger under this Plan; provided, however, that awards using such available shares may not be made after
the date awards or grants could have been made under the terms of the pre-existing plan absent the acquisition or merger, and may only be made to individuals who were not employees or directors of the Company
or any Subsidiary prior to such acquisition or merger. 
 (c) Any shares of Common Stock that are issued or transferred by, or that are
subject to any awards that are granted by, or become obligations of, the Company under Sections 22(a) or 22(b) of this Plan will not reduce the shares of Common Stock available for
issuance or transfer under this Plan or otherwise count against the limits contained in Section 3 of this Plan. In addition, no shares of Common Stock subject to an award that is granted by, or becomes
an obligation of, the Company under Sections 22(a) or 22(b) of this Plan, will be added to the aggregate limit contained in Section 3(a)(i)
of this Plan. 

  
 21EX-10.18

 Exhibit 10.18 

EXCHANGE AGREEMENT 

THIS EXCHANGE AGREEMENT (the “Agreement”) is made and entered into
as of July 1, 2020, by and among PACIFIC OAK RESIDENTIAL TRUST, INC. (formerly known as Reven Housing REIT, Inc.), a Maryland corporation
(“PORT”), PORT OP LP (formerly known as Reven Housing REIT OP, L.P.), a Delaware limited partnership (the “Operating Partnership”), Pacific Oak SOR Battery Point LLC, a Delaware limited
liability company (“SOR BPT LLC”), Battery Point Trust Inc., a Maryland corporation (“Battery Point”), and BPT Holdings LLC, a Delaware limited liability company (the “Special Common
Purchaser”). SOR BPT LLC and the Special Common Purchaser are hereinafter collectively referred to as the “Purchasers” and each individually as a “Purchaser.” 

RECITALS 

WHEREAS, the Operating Partnership is a Delaware limited partnership having PORT, as its limited partner,
and PORT OP GP LLC, a Delaware limited liability company and wholly-owned subsidiary of PORT, as its general partner; 

WHEREAS, PORT has elected to be qualified as a real estate investment trust under the Internal Revenue
Code of 1986, as amended (the “Code”); 
 WHEREAS, SOR BPT LLC is an indirect
subsidiary of Pacific Oak Strategic Opportunity REIT, Inc., a Maryland corporation that has elected to be qualified as a real estate investment trust under the Code (“SOR REIT”), which is also the indirect majority
stockholder of PORT; 
 WHEREAS, SOR BPT LLC holds 210,000 shares (the “SOR BPT Exchange
Shares”) of Series A-3 Cumulative Redeemable Preferred Stock, par value $0.01 per share, of Battery Point (the “Series A-3 Preferred
Shares”) and desires to contribute all of the SOR BPT Exchange Shares to PORT in exchange for shares of common stock, par value $0.001, of PORT (the “PORT Common Stock”), subject to the terms, conditions,
provisions and limitations of this Agreement; 
 WHEREAS, PORT and the Operating Partnership desire to
acquire from the Special Common Purchaser, and the Special Common Purchaser desires to transfer to the Operating Partnership, on the terms and conditions set forth herein, all of the shares of common stock, par value $0.01 per share, of Battery
Point (the “Common Shares”) owned by such Purchaser in Battery Point (which has elected to be qualified as a real estate investment trust under the Code) as set forth opposite the Special Common Purchaser’s name the
Schedule of Purchasers attached hereto as Exhibit A; 
 WHEREAS, the Special Common
Purchasers hold all of the issued and outstanding Common Shares, and PORT and SOR BPT LLC hold all of the issued and outstanding Series A-3 Preferred Shares, such that the exchange transactions contemplated by
this Agreement will constitute a share exchange as defined under Section 1-101(y) of the Maryland General Corporation Law and governed by the provisions
Section 3-105 of the Maryland General Corporation Law (the “MGCL”); 

WHEREAS, pursuant to the terms of this Agreement, PORT and the Operating Partnership, on the one hand,
and Battery Point, on the other, desire to combine their respective businesses and asset portfolios, subject to the terms, conditions, provisions and limitations of this Agreement; and 

 WHEREAS, Battery Point’s Series A Preferred Shares
and Series C Preferred Shares will remain outstanding immediately following the closing of the transactions contemplated by this Agreement. 

AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals and the mutual promises,
representations, warranties, and covenants hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 

1.    AGREEMENT TO EXCHANGE. 

1.1    Terms of Exchange between SOR BPT LLC and PORT. 

(a)    Subject to the terms and conditions hereof, at the SOR BPT Exchange Closing (as herein
defined) SOR BPT LLC shall exchange the SOR BPT Exchange Shares held by it for such number of shares of PORT Common Stock set forth on SOR BPT LLC’s signature page to this Agreement. By their respective signatures to this Agreement, PORT and
SOR BPT LLC shall be deemed to consent to the exchange. The transactions contemplated by this Section 1.1(a) shall be referred to herein as the “SOR BPT Exchange.” 

(b)    As a result of the SOR BPT Exchange described in Section 1.1(a) of this Agreement, PORT
shall become the sole holder, directly or indirectly through the Operating Partnership, of all of the Series A-3 Preferred Shares of Battery Point. 

1.2    Authorization of Operating Partnership Units; Terms of Exchange. 

(a)    The Operating Partnership, concurrently with the SOR BPT Closing (as defined in
Section 2.1), will have authorized: (A) (i) new Special Common Units (the “Special Common Units”), and (ii) Common Units of Operating Partnership (the “Common Units” and, together with
the LTIP Units, and the Special Common Units, the “Operating Partnership Units”); and (B) the issuance to the Special Common Purchaser of the Special Common Units in exchange for all of the Common Shares held by the
Special Common Purchaser. The newly authorized Special Common Units have the rights, preferences, privileges and restrictions set forth in the Amended and Restated Limited Partnership Agreement of the Operating Partnership, as attached hereto as
Exhibit B (the “Amended and Restated Operating Partnership Agreement”). 

(b)    Subject to the terms and conditions hereof, at the Share Exchange Closing (as herein defined)
the Special Common Purchaser shall exchange that number of Common Shares held by the Special Common Purchaser as set forth opposite the Special Common Purchaser’s name in the column captioned “Number of Common Shares Held
Immediately Prior to the Closing” on the Schedule of Purchasers attached hereto as 

  
 - 2 - 

 
Exhibit A for such number of Special Common Units set forth opposite the Special Common Purchaser’s name in the column captioned “Number of Special Common
Units to be Issued in Exchange at Closing” on the Schedule of Purchasers attached hereto as Exhibit A. By their signature to this Agreement, PORT, the Operating Partnership, Battery Point, and each such Purchaser shall be
deemed to consent to each such applicable exchange. 
 (c)    As a result of the Share Exchange
described in Section 1.2(b) of this Agreement, the Operating Partnership shall become the sole holder of the Common Shares, and the Special Common Purchaser shall become the holder of the Special Common Units. 

1.3    Closing of the SOR BPT Exchange and the Share Exchange. 

(a)    Subject to the terms and conditions hereof, at the SOR BPT Exchange Closing (as defined in
Section 2.1), PORT hereby agrees to issue to SOR BPT LLC, and SOR BPT LLC agrees to acquire from PORT, the number of shares of PORT Common Stock set forth on SOR BPT LLC’s signature page to this Agreement. 

(b)    Subject to the terms and conditions hereof, at the Share Exchange Closing (as defined in
Section 2.1), the Operating Partnership hereby agrees to issue to the Special Common Purchaser exchanging Common Shares at the Closing, severally and not jointly, and each such Special Common Purchaser agrees to acquire from the Operating
Partnership, severally and not jointly, the number of Special Common Units set forth opposite such Special Common Purchaser’s name in the column captioned “Number of Special Common Units to be Issued in Exchange at
Closing” on the Schedule of Purchasers attached hereto as Exhibit A in exchange for the number of Common Shares set forth opposite such Special Common Purchaser’s name in the column
captioned “Number of Common Shares Held Immediately Prior to the Closing” on the Schedule of Purchasers attached hereto as Exhibit A. 

1.4    Articles of Share Exchange. As soon as practicable on the Closing Date (as herein defined), PORT and
Battery Point and, if applicable, the Operating Partnership, will cause the SOR BPT Exchange and, if applicable, Share Exchange to be consummated by (a) executing, acknowledging and filing with the State Department of Assessments and Taxation
of the State of Maryland (the “SDAT”) articles of share exchange with respect to SOR BPT Exchange and, if applicable, the Share Exchange (the “Articles of Share Exchange”), in such form as required by,
and executed in accordance with, the relevant provisions of the MGCL, and (b) making any other filings, recordings or publications required to be made by the Operating Partnership or Battery Point under the MGCL or the Delaware Revised Uniform
Limited Partnership Act (the “DRULPA”). The SOR BPT Exchange and, if applicable, the Share Exchange, will become effective on the date and time at which the Articles of Share Exchange have been filed with, and accepted for
record by, the SDAT or on such later date and time (not to exceed thirty (30) days from the date the Articles of Share Exchange are accepted for record by the SDAT) as may be mutually agreed to by PORT and Battery Point and, if applicable, the
Operating Partnership in writing and specified in the Articles of Share Exchange (the “Effective Time”). 

  
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 1.5    No Rights of Objecting Stockholders. No
dissenters’ or appraisal rights or rights of objecting stockholders will be available with respect to the SOR BPT Exchange or the Share Exchange or the other transactions contemplated by this Agreement, including any remedy under Section 3-201 et seq. of the MGCL. 
 2.    CLOSINGS. 

2.1    Closings. The closing of the SOR BPT Exchange (the “SOR BPT Exchange
Closing”) and the closing of the Share Exchange (the “Share Exchange Closing” and together with the SOR BPT Exchange Closing, the “Closings” and each, a “Closing”)
under this Agreement shall each take place on the date hereof, remotely via the exchange of documents and signatures and shall be deemed to occur at the offices of DLA Piper LLP (US), 6225 Smith Avenue, Baltimore, Maryland 21209. The date of the
Closings is hereinafter referred to as the “Closing Date”. Each Closing shall be deemed for accounting purposes to have occurred as of 12:01 a.m. local time in New York City on the Closing Date. 

2.2    SOR BPT Exchange Closing. At the SOR BPT Exchange Closing, subject to the terms and conditions
hereof, PORT will instruct its transfer agent to issue to SOR BPT LLC (or its designee) the number of shares of PORT Common Stock set forth set forth on SOR BPT LLC’s signature page to this Agreement. If any of the SOR BPT Exchange Shares are
evidenced by one or more stock certificates, SOR BPT LLC shall be obligated to deliver to Battery Point for cancellation each such certificate or an affidavit of loss or destruction thereof as a condition to the obligations of PORT under this
Agreement. 
 2.3    Share Exchange Closing. At the Share Exchange Closing, subject to the terms and
conditions hereof, the Special Common Purchaser will enter into the Amended and Restated Operating Partnership Agreement attached hereto as Exhibit A, which will evidence the number of Special Common Units being acquired by the Special
Common Purchaser at the Share Exchange Closing against the exchange of the number of Common Shares being exchanged by the Special Common Purchaser as set forth on Exhibit A hereto. If any of the
Common Shares are evidenced by one or more stock certificates, the Special Common Purchaser shall be obligated to deliver to Battery Point for cancellation each such certificate or an affidavit of loss or destruction thereof as a condition to the
obligations of the Operating Partnership and Battery Point under this Agreement. 
 3.    REPRESENTATIONS AND
WARRANTIES OF PORT AND THE OPERATING PARTNERSHIP. 
 Except as set forth on the sections of the Disclosure Schedules for PORT and the
Operating Partnership, attached hereto as Exhibit C, (a) PORT hereby represents and warrants to SOR BPT LLC, and (b) each of PORT and the Operating Partnership hereby represent and warrant to Battery Point and to each
Purchaser, in each case, as of the Closing Date, as follows: 
 3.1    Organization, Good Standing and
Qualification. PORT is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Maryland, and the Operating Partnership is a limited partnership duly formed, validly existing and in good standing
under the laws of the State of Delaware. Each of PORT and the Operating 

  
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Partnership has all requisite corporate power and authority or limited partnership power and authority, as the case may be, to own, lease and operate their respective assets or properties and
conduct their respective businesses as presently owned, leased or operated or conducted, to execute and deliver this Agreement, and, in the case of PORT, to issue to SOR BPT LLC the number of shares of PORT Common Stock set forth set forth on SOR
BPT LLC’s signature page to this Agreement in accordance with this Agreement, and, in the case of the Operating Partnership, to execute, deliver and otherwise carry out the provisions of the Amended and Restated Operating Partnership Agreement
and, after giving effect to the Amended and Restated Operating Partnership Agreement at the Share Exchange Closing, to issue the Special Common Units in accordance with the provisions of this Agreement. Each of PORT and the Operating Partnership is
duly qualified and is authorized to do business and is in good standing (with respect to jurisdictions that recognize such concept) as a foreign corporation or foreign limited partnership, as the case may be, in each jurisdiction where the
ownership, leasing or operation of its assets or properties or conduct of its business requires such qualification, other than where any failure to be in good standing or qualified or to have such power or authority, would not and would not
reasonably be expected to, individually or in the aggregate, prevent, materially delay or materially impair the ability of PORT or the Operating Partnership, respectively, to consummate the transactions contemplated by this Agreement. 

3.2    Authorization; Binding Obligations. Each of PORT and the Operating Partnership has, as applicable,
all requisite corporate and limited partnership power and authority and has taken all corporate and limited partnership action necessary in order to execute and deliver this Agreement, perform its obligations hereunder, and, in the case of PORT, to
issue the shares of PORT Common Stock set forth set forth on SOR BPT LLC’s signature page to this Agreement and to consummate the SOR BPT Exchange and the other transactions contemplated by this Agreement, and, in the case of the Operating
Partnership, after the filing of the Articles of Share Exchange pursuant to Section 1.3, to consummate the Share Exchange and the other transactions contemplated by this Agreement. This Agreement, when executed and delivered, will be a valid
and binding obligation of each of PORT and the Operating Partnership, enforceable in accordance with its terms, except as limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application
affecting enforcement of creditors’ rights, and (b) general principles of equity that restrict the availability of equitable remedies. The SOR BPT Exchange and the issuance of shares of PORT Common Stock pursuant thereto, and the Share
Exchange and the issuance of the Special Common Units pursuant thereto, are not and will not be subject to any preemptive rights or rights of first refusal that have not been properly waived or complied with as of the respective Closings. 

3.3    Capital Structure of the Operating Partnership. 

(a)    Immediately prior to the Closings, except as set forth on Section 3.3(a) of the
Disclosure Schedules for PORT and the Operating Partnership: (i) the outstanding partnership interests of the Operating Partnership are as set forth on Section 3.3(a) of the Disclosure Schedules for PORT and the Operating Partnership;
(ii) PORT owns and has good and valid title to, directly or indirectly, all of the outstanding partnership interests of the Operating Partnership, free and clear of all mortgages, pledges, deeds of trust, hypothecations, assignments, deposit
arrangements, encumbrances, liens (statutory or other), charges, 

  
 - 5 - 

 
restrictions, or preference, priority or other security interests or preferential arrangements in the nature of a security interest of any kind or nature whatsoever (including any conditional
sales or other title retention agreements, any easements, rights of way or other encumbrances on title to real property, and financing leases having substantially the same economic effect as any of the foregoing, but excluding (A) liens for
taxes not yet due and payable or for which appropriate reserves have been made, (B) statutory landlord or mechanics liens for amounts not yet due and payable or for which appropriate reserves have been made, and (C) liens of mechanics or
materialmen incurred in the ordinary course of business consistent with past practice for amounts not yet due and payable or for which appropriate reserves have been made (collectively, “Liens” and each, a
“Lien”)); (iii) there are no securities convertible into or exercisable or exchangeable for any partnership interests of the Operating Partnership or any options, warrants or other rights or agreements, orally or in writing,
to purchase or acquire any partnership interests or other securities of the Operating Partnership; and (iv) there are no outstanding obligations or agreements, orally or in writing, for PORT or the Operating Partnership to repurchase, redeem or
otherwise acquire any partnership interests or other securities of the Operating Partnership. 

(b)    Immediately after the Closings, the outstanding partnership interests of the Operating
Partnership will be as set forth on Section 3.3(b) of the Disclosure Schedules for PORT and the Operating Partnership. 

3.4    No Governmental Filings. The execution, delivery, and performance by PORT and the Operating
Partnership of this Agreement and the consummation by PORT and the Operating Partnership of the Share Exchange and the other transactions contemplated by this Agreement require no authorization, consent, approval, waiting period expiration,
termination, authorization or permit of, other action by or in respect of, or filing with or notification to, any (a) federal, state, local, municipal, foreign or other government, (b) governmental, quasi-governmental, supranational,
administrative or regulatory authority (including any governmental division, department, agency, commission, instrumentality, organization, board, bureau, unit or body and any court or other tribunal), or (c) self-regulatory organization,
arbitration panel or similar entity (collectively or individually, a “Governmental Authority”), other than (i) as may be required under the MGCL, (ii) notices or other filings required by any applicable state or
federal securities, takeover or “blue sky” laws, (ii) as may be required in connection with federal, state and local transfer taxes, and (iv) where failure to obtain any such authorization, consent, approval, waiting period
expiration, termination, authorization or permit, other action, and make any such filing or notification, would not and would not reasonably be expected to, individually or in the aggregate, prevent, materially delay or materially impair the ability
of PORT and the Operating Partnership to consummate the SOR BPT Exchange, the Share Exchange and the other transactions contemplated by this Agreement. 

3.5    No Conflicts. The execution, delivery, and performance of this Agreement by PORT and the Operating
Partnership do not, and the consummation of the SOR BPT Exchange, the Share Exchange and the other transactions contemplated by this Agreement by PORT and the Operating Partnership, as applicable, will not, (i) result in a breach or violation
of the articles of incorporation or bylaws (each as amended or restated through the date hereof) of PORT or the certificate of limited partnership or limited partnership agreement (each as 

  
 - 6 - 

 
amended or restated through the date hereof) of the Operating Partnership, (ii) assuming compliance with the matters referred to in Section 3.4, result in a breach or violation of any
law to which PORT and the Operating Partnership is subject, or (iii) require any notice, consent or approval under, result in any breach of any obligation, constitute a default, or an event that, with or without notice or lapse of time or both,
would constitute a default, under, cause or permit the termination, modification, cancellation or acceleration (with or without notice or the lapse of time or both) pursuant to any material Contract (as herein defined) to which PORT and the
Operating Partnership is a party, except in the case of clauses (ii) and (iii) above, any such breach, violation, notice, consent, approval, material increase in any cost or obligation, default, termination, modification, cancellation or
acceleration of any right or obligation, loss of any benefit or creation of any Lien that would not and would not reasonably be expected to, individually or in the aggregate, prevent, materially delay or materially impair the ability of PORT and the
Operating Partnership to consummate the SOR BPT Exchange or the Share Exchange, as applicable, and the other transactions contemplated by this Agreement. 

3.6    No Litigation. As of the date hereof, (a) there is not currently any Action before any
Governmental Authority pending or threatened in writing against PORT or the Operating Partnership, or any of their respective material properties or assets, that would or would reasonably be expected to, individually or in the aggregate, prevent,
materially delay or materially impair the ability of PORT or the Operating Partnership to consummate, as applicable, the SOR BPT Exchange, the Share Exchange and the other transactions contemplated by this Agreement, and (b) neither PORT nor
the Operating Partnership is subject to any outstanding judgment, decision, ruling, order, writ, injunction, decree, assessment or award of any Governmental Authority that would or would reasonably be expected to, individually or in the aggregate,
prevent, materially delay or materially impair the ability of PORT or the Operating Partnership to consummate, as applicable, the SOR BPT Exchange, the Share Exchange and the other transactions contemplated by this Agreement. As used in this
Agreement, the term “Action” means any claim, controversy, action, charge, cause of action, suit, litigation, arbitration, mediation, investigation, opposition, interference, audit, assessment, hearing, complaint, demand or
other legal proceeding (whether sounding in contract, tort or otherwise, whether civil, criminal or administrative, and whether brought at law or in equity) that is commenced, brought, conducted, tried or heard by or before, or otherwise involving,
any Governmental Authority. 
 3.7    Exemption from Securities Act Registration. Assuming the accuracy of
the representations and warranties of the Purchasers contained in Section 5, the offer, issuance and exchange of the Special Common Units will be exempt from the registration requirements of the Securities Act of 1933, as amended (the
“Securities Act”), and will have been registered or qualified (or are exempt from registration and qualification) under the registration, permit or qualification requirements of all applicable state securities laws. Neither
PORT or the Operating Partnership nor any agent on their respective behalves has solicited or will solicit any offers to sell or has offered to sell or will offer to sell all or any part of the Operating Partnership Units to any person or persons so
as to bring the sale of such Operating Partnership Units by PORT nor the Operating Partnership within the registration provisions of the Securities Act or any state securities laws. 

  
 - 7 - 

 3.8    Brokers and Finders. Except for Robert A.
Stanger & Co., Inc. in respect of the Stanger Valuation (as herein defined), no broker, investment banker, financial advisor or other person is entitled to any broker’s, finder’s, financial advisor’s or other similar fee or
commission in connection with this Agreement, the SOR BPT Exchange, the Share Exchange or any other transactions contemplated by this Agreement based upon arrangements made by or on behalf of PORT or the Operating Partnership. 

3.9    Taxes. 

(a)    Except as set forth in Section 3.9(a) of the PORT Disclosure Schedule, each of PORT and
its subsidiaries has prepared and timely filed (taking in account extensions validly obtained) all federal income tax returns and all other material tax returns (including withholding tax returns) that are required to be filed, and all such filed
tax returns are true, accurate and complete in all material respects. PORT and its subsidiaries have paid all material taxes required to be paid by them (whether or not shown on any tax return), other than taxes that are not yet due or that are
being contested in good faith in appropriate proceedings and, in each case, which have been adequately reserved for in accordance with GAAP. PORT has delivered to Battery Point true, correct and complete copies of all such tax Returns, examination
reports and statements of deficiencies, adjustments and proposed deficiencies and adjustments in respect of PORT and any of the subsidiaries for each taxable period for which the statute of limitations has not expired. PORT has made available to
Battery Point copies of any private letter ruling requests, closing agreements or gain recognition agreements with respect to taxes requested or executed in the last six (6) years. 

(b)    PORT (i) upon the filing of its U.S. federal income tax return on IRS Form 1120-REIT for
its taxable year ended December 31, 2018, and through the taxable year ended December 31, 2019, will have been subject to taxation for such years as a real estate investment trust within the meaning of Sections 856 and 857 of the Code (a
“REIT”) and has satisfied all requirements for qualification and taxation as a REIT for such year; (ii) has operated since January 1, 2020 and will continue to operate after the Effective Time in a manner consistent
with the requirements for qualification and taxation as a REIT; and (iii) has not taken or omitted to take any action that could reasonably be expected to result in a challenge by the IRS to its status as a REIT, and to the Knowledge of PORT,
no such challenge is pending or threatened. No entity in which PORT owns an interest is a corporation for U.S. federal income tax purposes, other than a “qualified REIT subsidiary” within the meaning of Section 856(i)(2) of the Code
(“Qualified REIT Subsidiary”), a “taxable REIT subsidiary” within the meaning of Section 856(l) of the Code (“Taxable REIT Subsidiary”), or a REIT. Section 3.9(b) of the PORT
Disclosure Schedule sets forth a list of each Qualified REIT Subsidiary and Taxable REIT Subsidiary owned directly or indirectly by PORT, and each subsidiary not so set forth and identified in Section 3.9(b) of the PORT Disclosure Schedule is
and has been since its formation classified as a partnership or entity disregarded as separate from PORT or a subsidiary for U.S. federal income tax purposes and not as a corporation or an association taxable as a corporation. 

(c)    Each of PORT and its subsidiaries has complied in all respects with all applicable Laws
relating to the payment and withholding of taxes and all taxes that it is obligated to withhold from amounts owing to any employee, contractor, creditor or third party have been fully and timely paid or properly accrued. 

  
 - 8 - 

 (d)    The unaudited condensed consolidated
balance sheet of PORT and its subsidiaries as of December 31, 2019 (the “PORT Balance Sheet Date”) reflects all liabilities for material unpaid taxes of PORT and any of the subsidiaries for periods (or portions of
periods) through December 31, 2019. Neither PORT nor any of the subsidiaries has any liability for material unpaid taxes accruing after PORT Balance Sheet Date except for taxes arising in the ordinary course of business consistent with past
practice beginning January 1, 2020. 
 (e)    Neither PORT nor the Operating
Partnership’s ownership of the Common Shares will cause rents received or accrued by Battery Point during Battery Point’s taxable year that includes the Closing Date to fail to be to treated as “rents from real property” within
the meaning of Section 856(d) of the Code by reason of Section 856(d)(2)(B) of the Code in an amount sufficient to cause Battery Point not to meet either or both of the income tests under Section 856(c)(2) and (3) of the
Code.
 (f)    Neither PORT nor the Operating Partnership’s ownership of the Common Shares
will cause Battery Point to be “closely held” as determined under Section 856(h) of the Code at any time during Battery Point’s taxable year that includes the Closing Date.

3.10    No Other Representations or Warranties. Each of PORT and the Operating Partnership acknowledges and
agrees that, except for the representations and warranties expressly set forth in Section 4 and Section 5, respectively, (a) Battery Point and the Purchasers do not make, and have not made, any representations or warranties relating
to Battery Point and the Purchasers or any of their respective subsidiaries, or their respective properties, assets or businesses, or otherwise in connection with this Agreement or, as applicable, the SOR BPT Exchange or the Share Exchange, or the
other transactions contemplated by this Agreement, and no Purchaser is relying on any representation or warranty except for those expressly set forth in Section 4, as to Battery Point, or Section 5, as to the Purchasers, (b) no person
has been authorized by Battery Point or the Purchasers to make any representations or warranty relating to Battery Point or the Purchasers or any of their respective subsidiaries, or their respective properties, assets or businesses, or otherwise in
connection with this Agreement, or, as applicable, the SOR BPT Exchange or the Share Exchange, or the other transactions contemplated by this Agreement and, if made, any such representation or warranty will not be relied upon by PORT or the
Operating Partnership as having been authorized by Battery Point or the Purchasers, and (c) any estimates, projections, predictions, data, financial information, memoranda, presentations or any other information, documents or materials
provided, addressed or otherwise made available to each Purchaser are not and will not be deemed to be or include representations or warranties unless any such materials or information is the subject of any express representation or warranty set
forth in in Section 4, as to Battery Point, or Section 5, as to the Purchasers. 

  
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 4.    REPRESENTATIONS AND WARRANTIES OF BATTERY POINT. 

Except as disclosed in the section of the Disclosure Schedules for Battery Point attached hereto as Exhibit C (the
“Battery Point Disclosure Schedule”) (it being agreed that disclosure of any item in any section or subsection of the Battery Point Disclosure Schedule shall be deemed disclosure with respect to any other section or
subsection to the extent the relevance of such item to such other section or subsection is readily apparent on the face of such disclosure without the need to examine or understand any underlying document or information), Battery Point hereby
represents and warrants to PORT, the Operating Partnership and the Purchasers, in each case, as of the Closing Date, as follows: 

4.1    Organization, Good Standing and Qualification. Each of Battery Point and each of its subsidiaries is
a legal entity duly organized, validly existing, and in good standing (with respect to jurisdictions that recognize such concept) under the laws of its respective jurisdiction of organization, other than, with respect to only the subsidiaries, as
has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect (as herein defined). Each of Battery Point and each of its subsidiaries has all requisite corporate or similar power and authority
to own, lease, and operate its properties and assets and to carry on its business as presently conducted and as presently anticipated to be conducted and is qualified to do business and is in good standing (with respect to jurisdictions that
recognize such concept) as a foreign corporation or other legal entity in each jurisdiction where the ownership, leasing or operation of its assets or properties or conduct of its business requires such qualification, other than any failure to be in
good standing or qualified or to have such power or authority, as has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. Battery Point has made available to PORT, the Operating
Partnership and the Purchasers correct and complete copies of the articles of incorporation, bylaws, articles or certificate of organization or formation, limited liability company agreements, certificate of limited partnership, limited partnership
agreements or any similar organizational documents (collectively, the “Organizational Documents”) of Battery Point and each of its subsidiaries, each as amended through the date of this Agreement, and each as so delivered is
in full force and effect. Battery Point is not in default or violation of any term, condition or provision of its Organizational Documents. None of the subsidiaries of Battery Point is in default or violation of any term, condition or provision of
its Organizational Documents. As used herein, the term “Material Adverse Effect” means any change, effect, event, circumstance, occurrence, state of facts or development that, individually or in the
aggregate with other changes, effects, events, circumstances, occurrences, states of facts or developments taken as a whole, has had or is or would reasonably be expected to be materially adverse to the business, assets, liabilities, financial
condition or results of operations of Battery Point and its subsidiaries, taken as a whole; provided, however, that no change, effect, event, circumstance, occurrence or development, individually or in the aggregate, arising from or
related to the following shall, individually or in the aggregate, constitute a Material Adverse Effect or be taken into account, individually or in the aggregate, in determining whether a Material Adverse Effect has occurred, is occurring or is or
would reasonably be expected to occur: (i) conditions affecting the U.S. economy, or any other national or regional economy of the U.S. economy, (ii) political conditions (or changes in such conditions), acts of war, sabotage or terrorism,
natural disasters, epidemics or pandemics (including any escalation or general worsening of any of the foregoing) 

  
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in the United States, (iii) changes in the financial, credit, banking or securities markets in the United States (including any disruption thereof and any decline in the price of any
security or any market index), (iv) changes required by United States generally accepted accounting principles (“GAAP”) or other accounting standards (or interpretations thereof), or (v) changes in any laws or other
binding directives issued by any Governmental Authority (or interpretations thereof). 
 4.2    Authorization;
Binding Obligations. Battery Point has all requisite corporate power and authority and has taken all corporate action necessary in order to execute and deliver this Agreement, perform its obligations hereunder, and, subject only to approval of
the Share Exchange by the holders of a majority of the outstanding Common Shares (which are the only shares of stock of Battery Point entitled to vote on such matter), the filing of the Articles of Share Exchange pursuant to Section 1.3 to
consummate the Share Exchange and the other transactions contemplated by this Agreement. Battery Point has all requisite corporate power and authority and has taken all corporate action necessary in order to execute and deliver this Agreement,
perform its obligations hereunder, file the Articles of Share Exchange pursuant to Section 1.3 and to consummate the Share Exchange and the other transactions contemplated by this Agreement. This Agreement, when executed and delivered, will be
a legal, valid and binding obligation of Battery Point enforceable in accordance with its terms, except as limited by (a) applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws of general application affecting
enforcement of creditors’ rights, and (b) general principles of equity that restrict the availability of equitable remedies. 

4.3    Capital Structure. 

(a)    The authorized capital stock of Battery Point consists of 1,000,000,000 Common Shares and
100,000,000 shares of preferred stock, par value $0.01 per share (the “Preferred Shares”). As of the Closing Date, (i) 1,000,000 of the Common Shares are outstanding, and (ii) 125 of the Preferred Shares are designated as
Series A Accommodation Shares, all of which are outstanding, (iii) 1,500,000 of the Preferred Shares are designated as Series A-1 Cumulative Redeemable Preferred Stock, par value $0.01 per share, of Battery
Point (the “Series A-1 Preferred Shares”), none of which are outstanding, (iv) 25,000 of the Preferred Shares are designated as Series A-2
Cumulative Redeemable Preferred Stock, par value $0.01 per share, of Battery Point (the “Series A-2 Preferred Shares”), none of which are outstanding, (v) 640,000 of the Preferred
Shares are designated as Series A-3 Preferred Shares, of which 640,000 are outstanding, (vi) 25,000 of the Preferred Shares are designated as Series B Cumulative Redeemable Preferred Stock, par value $0.01 per
share, of Battery Point (the “Series B Preferred Shares”), none of which are outstanding, and (vii) 2,000 of the Preferred Shares are designated as Series C Cumulative Non-Voting
Preferred Stock, par value $0.01 per share, all of which are outstanding. At the close of business on the Closing Date, no Common Shares or Preferred Shares were reserved by Battery Point for issuance. All of the issued and outstanding Common
Shares, Series A Accommodation Shares, Series A-3 Preferred Shares and Series C Preferred Shares have been duly authorized and are validly issued, fully paid, and nonassessable. 

(b)    All of the outstanding shares of capital stock of each of the subsidiaries of Battery Pont
that is a corporation are duly authorized, validly issued, fully paid 

  
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and nonassessable. All equity interests in each of the subsidiaries of Battery Point that is a partnership or limited liability company are duly authorized and validly issued. All of the
outstanding shares of capital stock or other voting securities of each of the subsidiaries are owned free and clear of any Lien. 

(c)    Except as described in Section 4.3(a), there are no outstanding shares of capital stock
of, or other equity or other interests in, Battery Point, and there are no preemptive or similar rights, options, warrants, conversion rights, stock appreciation rights, redemption rights, repurchase rights, agreements, arrangements, calls,
commitments, or rights of any kind that obligate, or with the passage of time may obligate, Battery Point or any of its subsidiaries to issue or sell to any person any shares of capital stock or other securities of Battery Point or any of its
subsidiaries or any securities or obligations convertible or exchangeable into or exercisable for, or giving any person (other than Battery Point’s right to subscribe for or acquire securities of a subsidiary) a right to subscribe for or
acquire, any securities of Battery Point or any of its subsidiaries. As of the Closing Date, other than as set forth in the Organizational Documents of Battery Point, there are no outstanding Contracts of Battery Point or any of its subsidiaries to
repurchase, redeem or otherwise acquire any of the Common Shares or other outstanding securities of Battery Point or any of its subsidiaries. Except as set forth in Section 4.3(c) of the Battery Point Disclosure Schedules no Common Shares are
held by any of its subsidiaries. 
 (d)    Except as set forth in this Section 4.3, Battery
Point does not have outstanding any bonds, debentures, notes or other debt obligations the holders of which have the right to vote (or other securities convertible into or exercisable for equity securities having the right to vote) with its
stockholders (the “Stockholders”) on any matter or the right to subscribe for or acquire, any equity securities of Battery Point or any of its subsidiaries. 

(e)    Section 4.3(e) of the Battery Point Disclosure Schedule sets forth as of the date of this
Agreement: (i) each subsidiary of Battery Point, the percentage of ownership interest held, directly or indirectly, by Battery Point in each such subsidiary, the jurisdiction of incorporation or formation of each such subsidiary, and, to the
Knowledge of Battery Point, the name(s) of and percentage of ownership interest of any other person in each such subsidiary (if applicable), and (ii) any capital stock, equity interest or other ownership interest of Battery Point or any of its
subsidiaries in any other person, together with the jurisdiction of incorporation or formation of each such other person. As used in this Agreement, the term “Knowledge of Battery Point” means the actual knowledge of the
persons listed in Section 4.3(e) of the Battery Point Disclosure Schedule, in each case, following reasonable inquiry in connection with any matter which they would reasonably be expected to have by reason of the scope or nature of their duties
associated or inherent to their respective positions with or engagement by Battery Point and/or any of its subsidiaries 

(f)    Other than pursuant to the Organizational Documents of Battery Point or any of its
subsidiaries, Battery Point is not a party to or bound by, any Contracts concerning the voting (including voting trusts and proxies) of any shares of capital stock or other equity interests of Battery Point or any of its subsidiaries. 

  
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 4.4    No Governmental Filings. The execution, delivery,
and performance by Battery Point of this Agreement and the consummation by Battery Point of the Share Exchange and the other transactions contemplated by this Agreement require no authorization, consent, approval, waiting period expiration,
termination, authorization or permit of, other action by or in respect of, or filing with or notification to, any Governmental Authority, other than (i) as may be required under the MGCL, (ii) notices or other filings required by any
applicable state or federal securities, takeover or “blue sky” laws, (iii) as may be required in connection with federal, state and local transfer taxes, and (iv) where failure to obtain any such authorization, consent, approval,
waiting period expiration, termination, authorization or permit, other action, and make any such filing or notification, has not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

4.5    No Conflicts. The execution, delivery, and performance of this Agreement by Battery Point does not,
and the consummation of the Share Exchange and the other transactions contemplated by this Agreement by Battery Point will not, (i) result in a breach or violation of the Organizational Documents of Battery Point or any of its subsidiaries,
(ii) assuming compliance with the matters referred to in Section 4.4, result in a breach or violation of any law to which Battery Point or any of its subsidiaries is subject, or (iii) except as set forth in Section 4.5 of the
Battery Point Disclosure Schedules, require any notice, consent or approval under, result in any breach of any obligation, constitute a default, or an event that, with or without notice or lapse of time or both, would constitute a default, under,
cause or permit the termination, modification, cancellation or acceleration (with or without notice or the lapse of time or both) pursuant to any Material Contract (as herein defined) to which Battery Point or any of its subsidiaries is a party,
except in the case of clauses (ii) and (iii) above, any such breach, violation, notice, consent, approval, material increase in any cost or obligation, default, termination, modification, cancellation or acceleration of any right or obligation,
loss of any benefit or creation of any Lien that would not and would not reasonably be expected to, individually or in the aggregate, prevent, materially delay or materially impair the ability of Battery Point to consummate the Share Exchange and
the other transactions contemplated by this Agreement. 
 4.6    No Litigation. As of the date hereof,
(a) there is not currently any material Action before any Governmental Authority pending or, to the Knowledge of Battery Point, threatened in writing against Battery Point or any of its subsidiaries or any of their respective properties or
assets, including any Battery Point Property, and (b) neither Battery Point nor any of its subsidiaries is subject to any outstanding material judgment, decision, ruling, order, writ, injunction, decree, assessment or award of any Governmental
Authority. 
 4.7    Financial Statements. 

(a)    Each of the consolidated financial statements of Battery Point and its consolidated
subsidiaries (including, in each case, all related notes or schedules) as of and for the periods ended March 31, 2020, December 31, 2019 and December 31, 2018 (the “Battery Point Financial Statements”) were
prepared in accordance with GAAP applied on a consistent basis in all material respects during the periods involved (except as may be indicated in the notes thereto) and fairly presented in all material respects the consolidated financial position
of Battery Point and its subsidiaries as of the dates thereof and the 

  
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consolidated results of their operations, changes in shareholders’ equity and cash flows as of the dates thereof and for the periods shown (except as may be indicated in the notes thereto
and subject, in the case of unaudited statements, to normal year-end audit adjustments that are not material individually or in the aggregate). 

(b)    As of the Closing Date, except (i) as disclosed, reflected or reserved against in
Battery Point’s consolidated balance sheet as of March 31, 2020 (the “Battery Point Balance Sheet”) (or the notes thereto); (ii) for liabilities and obligations incurred in accordance with this
Agreement; (iii) for liabilities and obligations that have been incurred in the Ordinary Course of Business since March 31, 2020; (iv) for liabilities and obligations that have been discharged or paid in full; (v) for liabilities and
obligations that would not reasonably be expected to be material to Battery Point and its subsidiaries, taken as a whole; (vi) for liabilities and obligations that arise from future performance obligations under any contract entered into in the
Ordinary Course of Business (in the case of this clause (vi) to the extent such liabilities or obligations are not of a nature required by GAAP to be reflected in a consolidated balance sheet), and (v) as set forth on Section 4.7(b)
of the Battery Point Disclosure Schedule, none of Battery Point or its subsidiaries has any liabilities or obligations of any nature (whether accrued, absolute, contingent or otherwise). The term “Ordinary Course of Business”
with respect to Battery Point means the ordinary course of business of Battery Point through the applicable date, consistent with past practice in nature, scope and magnitude with the past practices of Battery Point and is taken in the ordinary
course of the day-to-day operations of Battery Point. 

(c)    Battery Point maintains a system of internal control over financial reporting reasonably
designed to provide reasonable assurance (i) that transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP applied consistently with past practice; (ii) that transactions are executed
only in accordance with the authorization of management; and (iii) regarding prevention or timely detection of the unauthorized acquisition, use or disposition of Battery Point’s properties or assets. 

4.8    Real Property. 

(a)    Section 4.8(a) of the Battery Point Disclosure Schedule sets forth all of the real properties
owned by Battery Point or any of its subsidiaries as of the Closing Date (each, a “Battery Point Owned Property” and, collectively, the “Battery Point Owned Properties”). Except as
would not reasonably be expected to be material to Battery Point and its subsidiaries, taken as a whole, (i) Battery Point or one or more of its subsidiaries owns fee simple title to each of Battery Point Owned Properties identified in
Section 4.8(a) of the Battery Point Disclosure Schedule and (ii) each Battery Point Owned Property is owned by Battery Point or one or more of its subsidiaries free and clear of all Liens, except as set forth in Section 4.8(a) of the
Battery Point Disclosure Schedule. Section 4.8(a) of the Battery Point Disclosure Schedule sets forth an accurate and complete list of each material real property that, as of the date of this Agreement, is under Contract for purchase by Battery
Point or any of its subsidiaries. 

  
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 (b)    Section 4.8(b) of the Battery Point
Disclosure Schedule sets forth all material real properties leased or subleased (for the avoidance of doubt, as lessee or sublessee) by Battery Point or any of its subsidiaries as of the date of this Agreement (each, a “Battery Point
Lease” and, together with Battery Point Owned Properties, the “Battery Point Property”). Battery Point has made available to PORT, the Operating Partnership and the Purchasers a correct and complete copy of
(a) for all properties leased in the Ordinary Course of Business, the form lease used by the Company, and (b) for all other properties, each Battery Point Lease and all amendments and other modifications thereto, in each case, as in effect
as of the date hereof. Except as would not reasonably be expected to be material to Battery Point and its subsidiaries, taken as a whole, (i) each Battery Point Lease is valid, binding and enforceable in accordance with its terms and is in full
force and effect with respect to Battery Point or the subsidiaries and, to the Knowledge of Battery Point, with respect to the other parties thereto, except, in each case, as enforceability may be limited by (1) applicable bankruptcy,
insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights, and (2) general principles of equity that restrict the availability of equitable remedies, and (ii) neither
Battery Point nor any of its subsidiaries is and, to the Knowledge of Battery Point, no other party is, in breach or violation of, or default under, any Battery Point Lease. Section 4.8(b) of the Battery Point Disclosure Schedule sets forth a
list of the addresses of each facility and real property which, as of the date of this Agreement, is required under a binding Contract to be leased or subleased by Battery Point or any of its subsidiaries where possession commences after the date of
this Agreement. 
 (c)    Except as would not reasonably be expected to be material to Battery
Point and its subsidiaries, taken as a whole, (i) the easements or other similar rights that are necessary to permit the current use of the buildings and improvements on any of Battery Point Owned Properties or that are necessary to permit the
current use of all parking areas, driveways, roads and other means of egress and ingress to and from any Battery Point Owned Property are in full force and effect, (ii) Battery Point and its subsidiaries have good and valid title to, or a valid
and enforceable leasehold interest in, or other right to use, all personal property owned, used or held for use by them as of the date of this Agreement (other than property owned by tenants and used or held in connection with the applicable tenancy
and other than property owned by any third party managers), and (iii) none of Battery Point’s or any of its subsidiaries’ ownership of or leasehold interest in any such personal property is subject to any Liens, except as set forth on
Section 4.8(c) of the Battery Point Disclosure Schedule. Section 4.8(c) of the Battery Point Disclosure Schedule sets forth all leased personal property of Battery Point or any of its subsidiaries with monthly lease obligations as of the
date hereof in excess of $10,000 and that are not terminable upon thirty (30) days’ notice. 

(d)    Battery Point has made available to PORT and the Operating Partnership the most current
policy of title insurance (each, a “Battery Point Title Insurance Policy”) insuring, or a valid marked-up title commitment (each, a “Battery Point Title Insurance
Commitment”) pursuant to which the title insurance company has committed to issue a policy of title insurance that will insure, as of the effective date of each such insurance policy, fee simple title interest held by Battery Point or
the applicable subsidiary with respect to each Battery Point Owned Property and/or held by any lender with respect to any Battery 

  
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Point Owned Property. To the Knowledge of Battery Point, each Battery Point Title Insurance Policy and Battery Point Title Insurance Commitment is, as of the date of this Agreement, in full force
and effect, and no material claim has been made against any Battery Point Title Insurance Policy that is outstanding as of the date of this Agreement. No material written claim has been made against any Battery Point Title Insurance Policy. 

(e)    Battery Point has made available to PORT and the Operating Partnership a schedule
identifying, as of May 1, 2020, each lease, sublease or other right of occupancy to which Battery Point or any of its subsidiaries is a party as landlord with respect to each Battery Point Owned Property (such leases, subleases or other rights
of occupancy, together with all amendments and other modifications thereto, collectively, the “Tenant Leases”) and specifying, for each of the Tenant Leases, the name of the tenant, rent, security and other deposits, lease move-in date and lease expiration date (such information, the “Rent Roll”). The Rent Roll is accurate and complete in all material respects. Except with respect to, and in accordance with the
terms of, the Property Management Contracts, as of the date hereof, (i) no material commission, fee or other compensation (“Leasing Costs”) is currently payable by Battery Point or any of its subsidiaries to any broker
with respect to any of the Tenant Leases, and (ii) except as set forth in Section 4.8(e) of the Battery Point Disclosure Schedule, there are no existing Contracts pertaining to material Leasing Costs in connection with new Tenant Leases,
or renewals or extensions of existing Tenant Leases. Except as set forth in Section 4.8(e) of the Battery Point Disclosure Schedule, as of the date set forth therein, there were no prepaid rents or any currently existing rent concessions or
setoffs, nor is any tenant under any of the Tenant Leases entitled to a rent concession for any period subsequent to the Closing Date, nor has Battery Point or any of its subsidiaries received any written notice from any such tenant asserting any
defense, setoff or counterclaim in connection with any of the Tenant Leases which remains unresolved, in each case, except as would not reasonably be expected to be material to Battery Point and its subsidiaries, taken as a whole. Prior to the date
hereof, Battery Point has provided PORT and the Operating Partnership true, complete and correct copies of its standard form of tenant lease for each applicable Battery Point Owned Property. Except as set forth in Section 4.8(e) of the Battery
Point Disclosure Schedule, as of the date set forth therein, (i) there were no unpaid Leasing Costs under the Tenant Leases and (ii) neither Battery Point nor any of its subsidiaries received written notice of any default under any of the
Tenant Leases, in each case, except as would not reasonably be expected to be material to Battery Point and its subsidiaries, taken as a whole. 

(f)    Neither Battery Point nor any of its subsidiaries has received any written notice to the
effect that (i) any condemnation or rezoning proceedings are pending or threatened with respect to any of Battery Point Owned Properties or (ii) any applicable law, including any zoning regulation or ordinance, board of fire underwriters
rules, building, fire, health or similar law, code, ordinance, order or regulation, has been violated in respect of any Battery Point Owned Property, except, in the case of clause (ii) above, as would not reasonably be expected to be material
to Battery Point and its subsidiaries, taken as a whole. There has not occurred any unrepaired casualty with respect to any Battery Point Owned Property that would reasonably be in excess of $100,000 in the aggregate. 

  
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 (g)    Section 4.8(g) to the Battery Point
Disclosure Schedules sets forth a listing as of May 1, 2020 of all outstanding options to purchase Battery Point Owned Properties. Except as set forth on such schedule, there are no unexpired options to purchase agreements, rights of first
refusal or first offer or any other rights to purchase or otherwise acquire any Battery Point Owned Property or any portion thereof or interest therein, and to the Knowledge of Battery Point, there are no other outstanding rights or Contracts to
enter into any Contract for sale, ground lease or letter of intent to sell or ground lease any Battery Point Owned Property or any portion thereof or interest therein, which, in each case, is in favor of any party other than Battery Point or any of
its subsidiaries. 
 (h)    No contractual or donative commitments relating to any Battery Point
Owned Property has been made by, for or on behalf of any of Battery Point or any of its subsidiaries to any Governmental Authority, which would impose any material obligation upon Battery Point or any of its subsidiaries to make any contribution or
dedication of money or land, or to construct, install or maintain any improvements of a public or private nature on or off a Battery Point Owned Property. 

(i)    Except as set forth in Section 4.8(i) of the Battery Point Disclosure Schedule, as of
the date set forth therein, there were no notices to Battery Point from homeowner associations or local governmental jurisdictions applicable to Battery Point Owned Property claiming any delinquencies, repair or maintenance violations or violations
of building codes, CCRs or HOA regulations that could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

(j)    Battery Point is not in violation of fair housing laws, ADA requirements, building codes or
other federal, state or local laws governing the rental of residential properties that could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

(k)    To the Knowledge of Battery Point, none of Battery Point Owned Property is subject to rent
control ordinances. 
 (l)    To the Knowledge of Battery Point, all rents and other receipts with
respect to Battery Point Owned Property that are collected by third-party property managers are deposited directly into bank accounts that are for the benefit of Battery Point or its subsidiaries, and monthly reports showing all deposits into
and withdrawals from such bank accounts have been timely provided to Battery Point or its subsidiaries, as applicable. 

(m)    Except as set forth in Section 4.8(m) of the Battery Point Disclosure Schedule, as of
the date set forth therein, for all Battery Point Owned Property for which Battery Point accepts Section 8 housing vouchers as partial payment of rent, to the Knowledge of Battery Point, Battery Point was in compliance in all material respects
with all conditions, requirements and regulations of Section 8 of the Housing Act of 1937, HUD and the public housing agencies that administer the Section 8 voucher program with respect to Section 8 housing units owned by Battery
Point. 

  
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 4.9    Environmental Matters. 

(a)    Battery Point and each of its subsidiaries are, and have been since the Applicable Date, in
compliance in all material respects with all Environmental Laws applicable to the operation of its business. As used in this Agreement, (i) the term “Environmental Law” means any applicable law, permit, order, judgment,
decree or injunction from any Governmental Authority, in each case in effect as of the date hereof, relating to Hazardous Substances, or the pollution or protection of the Environment; (ii) the term “Environment” means
ambient air, indoor air, surface water, groundwater, soil, sediment, substrata or surface land, flora, fauna or any other biota living in or on such media; and (iii) the term “Hazardous Substances” means (A) any
petrochemical or petroleum products, radioactive materials, asbestos, urea formaldehyde foam insulation, polychlorinated biphenyls, and radon gas, (B) any chemicals, materials, substances or wastes defined as or included in the definition of
“hazardous substances,” “hazardous wastes,” “hazardous materials,” “restricted hazardous materials,” “extremely hazardous substances,” “toxic substances,” “contaminants” or
“pollutants” or described as “hazardous,” “toxic,” “carcinogenic,” “explosive” or “radioactive” or, in each case, words of similar meaning and regulatory effect by or within the meaning of
any applicable Environmental Law, or (C) any other chemical, material or substance, exposure to which is prohibited, limited, or regulated by any applicable Environmental Law. 

(b)    Since the Applicable Date, neither Battery Point nor any of its subsidiaries has received any
written claim, notice of violation or citation from any Governmental Authority concerning any violation or alleged violation of or liability under any applicable Environmental Law or with respect to any release of Hazardous Substances, and to the
Knowledge of Battery Point, none of Battery Point or any of its subsidiaries is subject to any investigation by a Governmental Authority with respect to such matters, except for matters that have been fully resolved with no further obligations or
are no longer outstanding. 
 (c)    There is no order, judgment, decree or injunction or Action
pending or, to the Knowledge of Battery Point, threatened in writing involving any Battery Point Property and concerning compliance by Battery Point or any of its subsidiaries with any Environmental Law, except for matters that have been fully
resolved with no further obligations or are no longer outstanding. 
 (d)    Neither Battery Point
nor any of its subsidiaries has entered into or agreed to any material consent decree or order or is subject to any material judgment, decree or judicial, administrative or compliance order relating to compliance with Environmental Laws, Battery
Point Permits (as herein defined) relating to Hazardous Substances or the investigation, sampling, monitoring, treatment, remediation, removal or cleanup of Hazardous Substances, and no material investigation, litigation or other proceeding is
pending or, to the Knowledge of Battery Point, threatened against Battery Point or any of its subsidiaries under any Environmental Law. 

(e)    Neither Battery Point nor any of its subsidiaries has assumed, by Contract or, to the
Knowledge of Battery Point, by operation of Law, any material liability under any Environmental Law or relating to any Hazardous Substances, or is an indemnitor in connection with any threatened or asserted material claim by any third-party
indemnitee for any liability under any Environmental Law or relating to any Hazardous Substances. 

  
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 (f)    Neither Battery Point nor any of its
subsidiaries has caused, and to the Knowledge of Battery Point, no person has caused with respect to any Battery Point Owned Property, any release of a Hazardous Substance that could be the basis of material liability to Battery Point or any of its
subsidiaries or that would be required to be investigated or remediated by Battery Point or any of its subsidiaries under any Environmental Law. 

(g)    There is no site to which Battery Point or any of its subsidiaries has transported or
arranged for the transport of Hazardous Substances which, to the Knowledge of Battery Point, is or may become the subject of any material Action under Environmental Law. 

4.10    Permits. Battery Point and each of its subsidiaries has all authorizations, permits, licenses,
certificates, grants, consents, variances, exemptions, orders, approvals, franchises, certifications and clearances of all Governmental Authorities necessary for Battery Point and each subsidiary to own, lease and, to the extent applicable, operate
its properties or to conduct their respective businesses as they are being conducted as of the date hereof (collectively, the “Battery Point Permits”), except where the failure to have such Battery Point Permits
would not reasonably be expected to be material to Battery Point and its subsidiaries, taken as a whole. Since January 1, 2018 (the “Applicable Date”), (a) the business of Battery Point and each of its subsidiaries has
at all times maintained and been in compliance with all Battery Point Permits required to conduct their businesses as now being conducted; (b) there have been no breaches, violations of, or defaults under any such Battery Point Permits by
Battery Point or any of its subsidiaries; (c) each such Battery Point Permit is and has been in full force and effect and no modification nor any termination, cancellation, revocation, suspension or
non-renewal of any such Battery Point Permit is pending or, to the Knowledge of Battery Point, threatened; and (d) no event or occurrence exists that would reasonably be expected to (with or without the
lapse of time, giving of notice or both), directly or indirectly, (i) constitute or result in a violation of or a failure to comply with any material term or requirement of any Battery Point Permit, or (ii) result in the revocation,
withdrawal, suspension, cancellation or termination of, or any material modification to any Battery Point Permit (and no such notice regarding a possible violation, default or revocation of, any Battery Point Permit has been received by Battery
Point or any of its subsidiaries) except, with respect to any of the foregoing described in clause (a), (b), (c) or (d) above, as would not reasonably be expected to be material to Battery Point and its subsidiaries, taken as a whole. 

4.11    Taxes. 

(a)    Except as set forth in Section 4.11(a) of the Battery Point Disclosure Schedule, each of
Battery Point and its subsidiaries has prepared and timely filed (taking in account extensions validly obtained) all federal income tax returns and all other material tax returns (including withholding tax returns) that are required to be filed, and
all such filed tax returns are true, accurate and complete in all material respects. Battery Point and its subsidiaries have paid all material taxes required to be paid by them (whether or not shown on any tax return), other than taxes that are not
yet due or that are being contested in good 

  
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faith in appropriate proceedings and, in each case, which have been adequately reserved for in accordance with GAAP. Battery Point has delivered to PORT and the Operating Partnership true,
correct and complete copies of all such tax returns, examination reports and statements of deficiencies, adjustments and proposed deficiencies and adjustments in respect of Battery Point and any of the subsidiaries for each taxable period for which
the statute of limitations has not expired. Battery Point has made available to PORT and the Operating Partnership copies of any private letter ruling requests, closing agreements or gain recognition agreements with respect to taxes requested or
executed in the last six (6) years. 
 (b)    Battery Point (i) upon the filing of its
U.S. federal income tax return on IRS Form 1120-REIT for its taxable year ending December 31, 2016, and through the taxable year ending December 31, 2019, will have been subject to taxation for such years as a real estate investment trust
within the meaning of Sections 856 and 857 of the Code (a “REIT”) and has satisfied all requirements for qualification and taxation as a REIT for such year; (ii) has operated since January 1, 2020 and will continue
to operate until the Effective Time in a manner consistent with the requirements for qualification and taxation as a REIT, including distributing prior to the Closings any net capital gain and REIT taxable income earned prior to the Effective Time
(based on reasonable estimates agreed to in writing by Battery Point and PORT and the Operating Partnership); and (iii) has not taken or omitted to take any action that could reasonably be expected to result in a challenge by the IRS to its
status as a REIT, and to the Knowledge of Battery Point, no such challenge is pending or threatened. No entity in which Battery Point owns an interest is a corporation for U.S. federal income tax purposes, other than a Qualified REIT Subsidiary, a
Taxable REIT Subsidiary, or a REIT. Section 4.11(b) of the Battery Point Disclosure Schedule sets forth a list of each Qualified REIT Subsidiary and Taxable REIT Subsidiary owned directly or indirectly by Battery Point, and each subsidiary not
so set forth and identified in Section 4.11(b) of the Battery Point Disclosure Schedule is and has been since its formation classified as a partnership or entity disregarded as separate from Battery Point or a subsidiary for U.S. federal income
tax purposes and not as a corporation or an association taxable as a corporation. Taking into account all distributions to be made by Battery Point prior to the Effective Time, Battery Point will have distributed cash to the Stockholders for the
portion of its taxable year that includes the Closing Date ending at the Effective Time that is no less than Battery Point’s REIT taxable income and net capital gain through the Effective Time (based on reasonable estimates agreed to in writing
by Battery Point and PORT and the Operating Partnership); and Battery Point will not be subject to tax including under Section 857(b) or 4981 of the Code in respect of such portion of the taxable year. 

(c)    Each of Battery Point and its subsidiaries has complied in all respects with all applicable
Laws relating to the payment and withholding of taxes and all taxes that it is obligated to withhold from amounts owing to any employee, contractor, creditor or third party have been fully and timely paid or properly accrued. 

(d)    Battery Point Balance Sheet reflects all Liabilities for material unpaid taxes of Battery
Point and any of the subsidiaries for periods (or portions of periods) through December 31, 2019. Neither Battery Point nor any of the subsidiaries has any liability for material unpaid taxes accruing after Battery Point Balance Sheet Date
except for taxes arising in the Ordinary Course of Business consistent with past practice beginning January 1, 2020. 

  
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 4.12    Insurance. Section 4.12 of the Battery Point
Disclosure Schedule sets forth a complete and accurate list of all insurance policies (other than policies of title insurance) maintained by Battery Point or any of its subsidiaries as of the date of this Agreement (each, a “Battery Point
Insurance Policy” and, collectively, the “Battery Point Insurance Policies”). Each Battery Point Insurance Policy is in a form and amount that is customarily carried by persons conducting business similar to that
of Battery Point and its subsidiaries. Except as would not reasonably be expected to be, individually or in the aggregate, material to Battery Point and its subsidiaries, taken as a whole, (a) all Battery Point Insurance Policies are in full
force and effect, (b) no written notice of cancellation has been received with respect to any Battery Point Insurance Policy, (c) there is no existing default or event which, with the giving of notice or lapse of time or both, would
constitute a breach or default, by any insured thereunder, or permit termination or modification, of any of Battery Point Insurance Policies, (d) all premiums due with respect to all Battery Point Insurance Policies have been paid, (e) are
issued by an insurer that is, to the Knowledge of Battery Point, financially sound and reputable, (f) all Battery Point Insurance Policies taken together, provide adequate insurance coverage for the business, assets and operations of Battery
Point or any of its subsidiaries, taken as a whole, for all risks to which any of them is normally exposed and customary coverage to those within their industry, and (g) are sufficient for compliance with all laws applicable to any of them and
with all contracts to which any of them is a party or by which any of them is bound. There is no material claim pending under any of Battery Point Insurance Policies as to which coverage has been questioned, denied or disputed by the underwriters of
such policies, and there has been no threatened termination of, or material premium increase with respect to, any Battery Point Insurance Policy. 

4.13    Employees. 

(a)    Battery Point and each of its subsidiaries does not employ any person and has not employed any
person since July 1, 2018. Neither Battery Point or any of its subsidiaries is (i) involved in or, to the Knowledge of Battery Point, threatened with any labor dispute, grievance or proceeding relating to labor, safety or discrimination
matters, including charges of unfair labor practices or discrimination complaints, (ii) engaged in any unfair labor practices within the meaning of the National Labor Relations Act or (iii) a party to, or bound by, any collective
bargaining agreement. No collective bargaining agreement has been negotiated by Battery Point or any of its subsidiaries. No labor union or employee organization has been certified or recognized as the collective bargaining representative of any
employees of Battery Point or any of its subsidiaries. To the Knowledge of Battery Point, (A) no employee was represented by any labor union or similar association and (B) no labor union or group of employees of Battery Point or any of its
subsidiaries has made a pending demand for recognition or certification, and there are no union organizing campaigns or representation proceedings in process or threatened with respect to any employees of Battery Point or any of its subsidiaries.
There is no labor dispute, strike or work stoppage against Battery Point or any of its Subsidiaries pending or, to the Knowledge of Battery Point, threatened. 

  
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 (b)    Section 4.13(b) of the Battery Point Disclosure
Schedules sets forth all claims made to Battery Point or any of its subsidiaries by any former employee of Battery Point or any of its subsidiaries relating to the violation or alleged violation of any law. Battery Point and its subsidiaries are not
subject to any or are in compliance with its, to the extent applicable, obligations pursuant to the Worker Adjustment and Retraining Notification Act of 1988 and any similar Law (the “WARN Act”). Since January 1, 2020,
neither Battery Point or any of its subsidiaries has effectuated (i) a “mass layoff” (as defined in the WARN Act) affecting any site of employment or facility or operating unit within any site of employment or facility of any
Subsidiary or (ii) a “plant closing” (as defined in the WARN Act) in the United States affecting any such site of employment or facility. 

(c)    Neither Battery Point or any of its subsidiaries has any (i) contract with any employee or
(ii) other policy or plan relating to the terms or conditions of employment, compensation, benefits, retention, severance, severance pay, termination, termination pay or any other employment obligation. Battery Point and each of its
subsidiaries has properly classified each person providing services thereto as an employee or independent contractor and has properly classified all employees for overtime purposes, in each case under all laws. 

4.14    Material Contracts. 

(a)    Except for this Agreement, Section 4.14(a) of the Battery Point Disclosure Schedule
sets forth, as of the date of this Agreement, a true and complete list of the following agreements, leases, licenses, contracts, notes, bonds, debt instruments, mortgages, indentures, permits, arrangements or other obligations (each, whether written
or oral and including any amendments or modifications thereto, a “Contract”) to which Battery Point or any of its subsidiaries is a party or by which any their respective properties or assets are bound (each, a
“Material Contract”): 
 (i)    each Contract that restricts in any material
respect the ability of Battery Point or any of its subsidiaries to compete in any line of business or geographic area or contains any covenant granting “most favored nation” status; 

(ii)    each Contract (A) pursuant to which Indebtedness of Battery Point or any of its subsidiaries
in an amount in excess of $100,000 is outstanding or may be incurred by its terms or (B) that constitutes an interest rate cap, interest rate collar, interest rate swap or other Contract related to a hedging transaction; 

(iii)    each Contract relating to the formation, creation, operation, management or control of any
partnership or joint venture or the ownership of any material equity interest in any entity or business enterprise (other than any of Battery Point’s subsidiaries); 

(iv)    each Contract between Battery Point or any of its subsidiaries, on the one hand, and (A) any
present executive officer or director of Battery 

  
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Point or any of its subsidiaries, (B) to the Knowledge of Battery Point, any stockholder of Battery Point as of the Closing Date or (C) to the Knowledge of Battery Point, any affiliate
of any such officer, director or owner (other than Battery Point or any of its subsidiaries), on the other hand; 

(v)    each Contract that (A) relates to the acquisition or disposition by Battery Point or any of
its subsidiaries of any real estate assets or properties (whether by stock sale, asset sale, merger or otherwise) for aggregate consideration in excess of $100,000 that has not been performed in full as of the date hereof, (B) includes an
“earnout” or other contingent, deferred or fixed payment obligation of Battery Point or any of its subsidiaries in excess of $100,000 that has not been paid in full as of the date hereof, (C) requires, or grants, any unexpired option,
right of first offer, right of first negotiation or right of first refusal to, Battery Point or any of its subsidiaries to acquire real estate assets or properties for consideration in excess of $100,000, or (D) permits, or gives, any person
any unexpired option, right of first offer, right of first negotiation, right of first refusal or other similar right with respect to the purchase of any Battery Point Owned Property or material asset of Battery Point or any of its subsidiaries or
any portion thereof or otherwise obligates Battery Point or any of its subsidiaries to sell or otherwise dispose of any Battery Point Owned Property; 

(vi)    each Contract that involves any pending or contemplated merger, consolidation, sale, lease or
license of any Battery Point Owned Property or other material assets of Battery Point or any of its subsidiaries, or similar business combination transaction, other than in the Ordinary Course of Business; 

(vii)    each Contract (or series of related Contracts) for the purchase or sale of materials, supplies,
goods, services, equipment or other assets providing for annual payments by or to Battery Point or any of its subsidiaries, as the case may be, of amounts in excess of $100,000, which Contract is not terminable by either party on less than 365
days’ written notice without material penalty; 
 (viii)    each Contract between Battery Point or
any of its subsidiaries and any third-party service provider with respect to the management of any Battery Point Owned Property (each, a “Property Management Contract”); 

(ix)    each Contract that obligates Battery Point or any of its subsidiaries to indemnify any past or
present directors, officers or employees of Battery Point or any of its subsidiaries, other than the Organizational Documents of Battery Point or any of its subsidiaries; 

(x)    each Contract that is a settlement, conciliation or similar agreement that imposes any material
monetary or non-monetary obligations upon Battery Point or any of its subsidiaries after the Closing Date; 

(xi)    each Contract that contains restrictions on the ability of Battery Point or any of its
subsidiaries to pay dividends or other distributions (other than pursuant to the Organizational Documents of Battery Point or any of its subsidiaries or in 

  
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connection with any loan agreements to which Battery Point is a party set forth on Section 4.14(a)(xi) of the Battery Point Disclosure Schedule (collectively, the “Existing Loan
Agreements”); 
 (xii)    each Contract with a Governmental Authority (including agreements
with Fannie Mae or Freddie Mac); 
 (xiii)    each Contract that contains covenants expressly limiting,
in any material respect, the ability of Battery Point or any of its subsidiaries to sell, transfer, pledge or otherwise dispose of any material assets or properties (other than cash) or business of Battery Point or any of its subsidiaries (other
than in connection with the Existing Loan Agreements); 
 (xiv)    each Contract that constitutes a loan
to any person by Battery Point or any of its subsidiaries (other than receivables in the Ordinary Course of Business or advances made pursuant to and expressly disclosed in any Tenant Lease) in an aggregate amount in excess of $50,000; 

(xv)    each Contract pursuant to which intellectual property material to the operations of Battery Point
or any of its subsidiaries, taken as a whole, is licensed to Battery Point or any of its subsidiaries by any third party (other than commercially available software or software services) or is licensed by Battery Point or any of its subsidiaries to
any third party (other than non-exclusive licenses granted by Battery Point or any of its subsidiaries in the Ordinary Course of Business which do not contain any material restriction on the use or
exploitation of any intellectual property Battery Point or any of its subsidiaries); and 

(xvi)    each Contract that is with any investment banker, accountant, outside legal counsel or other
professional advisor. 
 (b)    Battery Point has made available to PORT, the Operating Partnership and
the Purchasers correct and complete copies of all written Material Contracts required to be listed in Section 4.14(a) of the Battery Point Disclosure Schedule, including all amendments thereto, as in effect as of the date of this Agreement.

 (c)    Each Material Contract (i) is a valid and binding agreement of Battery Point or any of its
subsidiaries party thereto, enforceable against Battery Point or any of its subsidiaries and, to the Knowledge of Battery Point, each other party thereto in accordance with its terms, in each case, subject to (1) applicable bankruptcy,
insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors’ rights, and (2) general principles of equity that restrict the availability of equitable remedies, and (ii) is in full
force and effect, except, in the case of clauses (i) or (ii), with respect to any Material Contract that expires by its terms or is terminated in accordance with the terms thereof (as in effect as of the date hereof) after the date hereof. 

(d)    (i) Battery Point or any of its subsidiaries has performed in all material respects all obligations
required to be performed by it prior to the date hereof 

  
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under each Material Contract and, to the Knowledge of Battery Point, each other party thereto has performed in all material respects all obligations required to be performed by it under such
Material Contract prior to the date hereof, (ii) neither Battery Point nor any of its subsidiaries and, to the Knowledge of Battery Point, no other party thereto, is (or, with or without notice or lapse of time, would be) in default under or
breach of the terms of any Material Contract in any material respect, (iii) none of Battery Point or any of its subsidiaries has received written notice of any violation or default under any Material Contract or is aware of any cause for
acceleration of any liability or loss of any rights of any party thereto and (iv) none of Battery Point or any of its subsidiaries has received written notice of termination under any Material Contract, and, to the Knowledge of Battery Point,
no party to any Material Contract has threatened to cancel any Material Contract. 
 (e)    As used in
this Agreement, the term “Indebtedness” means, with respect to any person, (i) any indebtedness of such person, whether or not contingent, for borrowed money (whether by loan or the issuance and sale of debt securities
evidenced by notes, debentures or similar instruments and including, reimbursement and all other obligations with respect to surety bonds, letters of credit and bankers’ acceptances, whether or not matured), (ii) any obligations of such person
for the deferred purchase price of property or services (other than trade payables, accrued compensation and other accrued liabilities, in each case, incurred in the Ordinary Course of Business of such person), including any earn-outs,
(iii) any obligations of such person evidenced by notes, bonds, debentures or other similar instruments, (iv) obligations of any person in respect of interest rate, currency or other swaps, hedges or similar derivative arrangements,
(v) any obligations of such person as lessee (or other agreement conveying the right to use) under leases to the extent such obligations are required to be classified and accounted for as capital leases in accordance with GAAP, (vi) any
obligations, contingent or otherwise, of such person under acceptance, letters of credit or similar facilities that have been drawn, (vii) all Indebtedness of others referred to in clauses (i) through (vi) above guaranteed directly or
indirectly in any manner by such person, (vii) all Indebtedness referred to in clauses (i) through (vi) above secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any
Lien on property owned by such person, even though such person has not assumed or become liable for the payment of such Indebtedness, and (viii) outstanding prepayment premium obligations of such person, if any, and accrued interest, fees and
expenses related to any indebtedness described in clauses (i) through (vii) above. 

4.15    Intellectual Property. 

(a)    The Company Intellectual Property (as herein defined) includes all Intellectual Property necessary
for or currently used in the conduct of its business. Battery Point or any of its subsidiaries either (i) owns the entire right, title and interest, free and clear of all Liens, or (ii) holds pursuant to existing, valid, enforceable and
written licenses, each item of Company Intellectual Property. Battery Point and each of its subsidiaries is in compliance with and has not breached, violated or defaulted under, or received written notice that it has breached, violated or defaulted
under, any of the 

  
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terms or conditions of any License (as herein defined), sublicense or other contract relating to any of the Company Intellectual Property nor, to the Knowledge of Battery Point, does any event or
occurrence exist that would reasonably be expected to constitute such a breach, violation or default (with or without the lapse of time, giving of notice or both). As used herein, “Company Intellectual Property” means the
Intellectual Property that is owned by or licensed to Battery Point or any of its subsidiaries. As used herein, “Intellectual Property” means all intangible property rights worldwide including, but not limited to, inventions,
discoveries, improvements, trade secrets, processes, formulae, know-how, domain names, computer software, United States and foreign patents, trade names, trademarks, service marks, logos, copyrights, and any
registrations or applications for registrations relating thereto and all reissues, divisions, divisionals, renewals, extensions, provisionals, continuations and
continuations-in-part thereof, as applicable, and any other proprietary rights relating to any of the foregoing. As used herein, “License” means
a license, permit, authorization, franchise, certification, clearance, approval or consent. 
 (b)    The
conduct of Battery Point and each of its subsidiaries’ business has not and does not infringe upon any Intellectual Property rights owned or controlled by any person. To the Knowledge of Battery Point, no person has or is infringing,
misappropriating or otherwise violating any Company Intellectual Property. No royalty or other fee is required to be paid by Battery Point or any of its subsidiaries to any other person in respect of the use of any Company Intellectual Property.

 (c)    Battery Point and each of its subsidiaries has taken reasonable measures to protect its
ownership of, and rights in, all Company Intellectual Property in accordance with standard industry practices. Battery Point and each of its subsidiaries has not made any of its trade secrets or other confidential or proprietary information
available to any other person except pursuant to reasonable written agreements requiring such person to maintain the confidentiality of such information. There has been no unauthorized access to, disclosure of or use of, or any security breach
relating to or affecting, any personal information or other confidential information and no person who has had access to personal information or other confidential information has violated any law or the terms of any confidentiality agreement. 

4.16    Benefit Plans. Neither Battery Point nor any of its subsidiaries has, or is liable under, any
employee benefit plan (as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974 (“ERISA”)). Neither Battery Point or any of its subsidiaries nor any ERISA Affiliate of Battery Point or any of its
subsidiaries has any liability under Title IV of ERISA or Section 412 of the Code. Neither Battery Point or any of its subsidiaries nor any ERISA Affiliate of Battery Point or any of its subsidiaries has used the services of workers provided by
third-party contract labor suppliers, temporary employees, “leased employees” (as defined in Section 414(n) of the Code) or individuals who have provided services as independent contractors to an extent that would reasonably be
expected to result in the imposition of penalties or excise taxes on Battery Point or any of its subsidiaries by any Governmental Authority. Neither Battery Point nor any of its subsidiaries has any liability in respect of post-employment or
post-retirement health or medical or life insurance benefits for retired, former or current employees, 

  
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except as required to avoid excise Tax under Section 4980B of the Code or as required to comply with applicable state Law. As used herein, “ERISA Affiliate” means,
with respect to any person, any other person that, together with such first person, would be treated as a single employer under Section 414 of the Code. 

4.17    Brokers and Finders. No broker, investment banker, financial advisor or other person is entitled to
any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with this Agreement, the Share Exchange or any other transactions contemplated by this Agreement based upon arrangements made by or on behalf
of Battery Point or any of its subsidiaries. 
 4.18    No Other Representations or
Warranties.    Battery Point acknowledges and agrees that, except for the representations and warranties expressly set forth in Section 3 and Section 5, respectively, (a) PORT, the Operating Partnership and the
Purchasers do not make, and have not made, any representations or warranties relating to PORT, the Operating Partnership or Purchasers or any of their respective subsidiaries, or their respective properties, assets or businesses, or otherwise in
connection with this Agreement, the Share Exchange or the other transactions contemplated by this Agreement, and Battery Point is not relying on any representation or warranty except for those expressly set forth in Section 3, as to PORT and
the Operating Partnership, or Section 5, as to the Purchasers, (b) no person has been authorized by PORT, the Operating Partnership or the Purchasers to make any representations or warranty relating to PORT, the Operating Partnership or
the Purchasers or any of their respective subsidiaries, or their respective properties, assets or businesses, or otherwise in connection with this Agreement, the Share Exchange or the other transactions contemplated by this Agreement and, if made,
any such representation or warranty will not be relied upon by Battery Point as having been authorized by PORT, the Operating Partnership or the Purchaser, and (c) any estimates, projections, predictions, data, financial information, memoranda,
presentations or any other information, documents or materials provided, addressed or otherwise made available to Battery Point are not and will not be deemed to be or include representations or warranties unless any such materials or information is
the subject of any express representation or warranty set forth in Section 3, as to PORT and the Operating Partnership, or Section 5, as to the Purchasers. 

5.    REPRESENTATIONS AND WARRANTIES OF PURCHASERS. 

Each Purchaser hereby represents and warrants to PORT, the Operating Partnership and Battery Point, severally and not jointly, as of the
Closing Date, as follows: 
 5.1    Authorization. This Agreement, when executed and delivered, will be a
valid and binding obligation of the Purchaser, enforceable in accordance with its terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of
creditors’ rights, and (b) general principles of equity that restrict the availability of equitable remedies. The Purchaser has full power and authority or, if any individual, legal capacity, to enter into this Agreement. 

5.2    Investment. The Purchaser is either acquiring the shares of PORT Common Stock or Special Common
Units, as applicable, set forth on the Schedule of Purchasers attached hereto as Exhibit A for investment for its own account and not with the view to the 

  
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public resale or distribution thereof within the meaning of the Securities Act, and such Purchaser has no present intention of selling, granting any participation in, or otherwise distributing
such securities. No other person has a direct or indirect beneficial interest, in whole or in part, in such shares of PORT Common Stock or Special Common Units, as applicable. The Purchaser understands that the shares of PORT Common Stock or Special
Common Units, as applicable, have not been registered under the Securities Act by reason of a specific exemption thereunder, which depends upon, among other things, the bona fide nature of the Purchaser’s investment intent as expressed herein.

 5.3    Relationship to Battery Point; Sophistication; Experience. The Purchaser either (a) has a
preexisting business or personal relationship with PORT or the Operating Partnership and/or any of its officers, directors or controlling persons or (b) such Purchaser, either alone or with his or her purchaser representative(s), has
such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of the prospective investment in, as applicable, the PORT Common Stock pursuant to the SOR BPT Exchange, or the Operating
Partnership Units to be acquired pursuant to the Share Exchange. Each purchaser representative, if any, in connection with the Purchaser’s investment in the PORT Common Stock or Operating Partnership Units, as applicable, set forth on the
Schedule of Purchasers attached hereto as Exhibit A, has confirmed in writing the specific details of any and all past, present or future relationships, actual or contemplated, between the Purchaser or the Purchaser’s affiliates
and Battery Point or any of the Purchaser’s affiliates. 
 5.4    Restrictions on Transfer. Purchaser
acknowledges and agrees that the shares of PORT Common Stock that it is acquiring pursuant to the SOR BPT Exchange, or the Special Common Units that it is acquiring pursuant to the Share Exchange, as applicable, are “restricted
securities” as defined in Rule 144 promulgated under the Securities Act as in effect from time to time and must be held indefinitely unless they are subsequently registered under the Securities Act or an exemption from such registration
is available. Purchaser has been advised or is aware of the provisions of Rule 144, which permits limited resale of securities purchased in a private placement subject to the satisfaction of certain conditions, including, among other things: the
availability of certain current public information about PORT or the Operating Partnership, as applicable, the resale occurring following the required holding period under Rule 144 and the number of shares being sold during any three-month period
not exceeding specified limitations. 
 5.5    No Public Market. The Purchaser understands that no public
market now exists for any of the shares of PORT Common Stock or Special Common Units, as applicable, that there can be no assurance that a public market will ever exist for the shares of PORT Common Stock or Special Common Units, as applicable, and
that neither PORT nor the Operating Partnership is under any obligation to register the Operating Partnership Units or any shares of PORT Common Stock (including into which any such Operating Partnership Units may be convertible). 

5.6    Exemption from Registration. The Purchaser further acknowledges that, in the event all of the
requirements of Rule 144 are not met, compliance with another registration exemption will be required; and that, although Rule 144 is not exclusive, the staff of the SEC has expressed its opinion that persons proposing to sell private placement
securities other than in a 

  
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registered offering and other than pursuant to Rule 144 will have a substantial burden of proof in establishing that an exemption from registration is available for such offers or sales, that
such persons and the brokers who participate in the transactions do so at their own risk, and that, therefore, there is no assurance that any exemption from registration under the Securities Act will be available or, if available, will allow such
person to dispose of, or otherwise transfer, all or any portion of the respective shares of PORT Common Stock or Special Common Units, as applicable, set forth on the Schedule of Purchasers attached hereto as Exhibit A. 

5.7    Access to Information. The Purchaser has had an opportunity to discuss the business, management and
financial affairs of PORT, the Operating Partnership and Battery Point with the respective management teams of PORT, the Operating Partnership and Battery Point and the opportunity to inspect such books and records and material contracts as the
Purchaser deemed necessary to its determination to participate in, as applicable, the SOR BPT Exchange and to acquires shares of PORT Common Stock, or the Share Exchange and to acquire its respective Operating Partnership Units pursuant thereto.

 5.8    Purchaser’s Liquidity. The Purchaser (a) has no need for liquidity in the
Purchaser’s investment, (b) is able to bear the substantial economic risks of an investment in the shares of PORT Common Stock or Operating Partnership Units, as applicable, for an indefinite period, and (c) at the present time, can
afford a complete loss of such investment. The Purchaser’s current commitments to illiquid investments is not disproportionate to the Purchaser’s net worth, and the Purchaser’s investment in the shares of PORT Common Stock or the
Operating Partnership Units, as applicable, will not cause such commitment to become disproportionate. 

5.9    Offer and Sale. The Purchaser understands that the sale of shares of PORT Common Stock pursuant to
the SOR BPT Exchange, or the sale of the Special Common Units pursuant to the Share Exchange, as applicable, has not been registered under the Securities Act in reliance upon an exemption therefrom. The Purchaser was not offered or sold the shares
of PORT Common Stock or the Operating Partnership Units, as applicable, directly or indirectly, by means of any form of general solicitation or general advertisement, including (a) any advertisement, article, notice or other communication
published in any newspaper, magazine or similar medium or broadcast over television or radio or (b) any seminar or other meeting whose attendees had been invited by general solicitation or general advertising. 

5.10    Risks. The Purchaser is aware that shares of PORT Common Stock and the Operating Partnership Units,
as applicable, are highly speculative and that there can be no assurance as to what return, if any, there may be. The Purchaser is aware that PORT or the Operating Partnership may issue additional securities in the future which could result in the
dilution of the Purchaser’s ownership interest in PORT or the Operating Partnership, as applicable. 

5.11    Reliance. The Purchaser has relied only upon the information provided to it in writing by PORT or
the Operating Partnership, or information from books and records of PORT or the Operating Partnership. No oral representations have been made or oral information furnished to Purchaser or his or her advisor(s) by PORT or the Operating Partnership in
connection with, as applicable, the SOR BPT Exchange or the Share Exchange which were not 

  
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contained therein or were inconsistent therewith. The Purchaser has consulted with Purchaser’s tax advisor with respect to the transactions contemplated by this Agreement and is not relying
on PORT or the Operating Partnership or their respective agents with respect to any tax matters. 

5.12    Investment Entity. The Purchaser, if a corporation, partnership, trust or other entity, is
authorized and otherwise duly qualified to purchase and hold its respective shares of PORT Common Stock or Operating Partnership Units, as applicable; such entity has its principal place of business as set forth on the signature page hereof; and
such entity has not been formed for the specific purpose of acquiring the shares of PORT Common Stock or the Operating Partnership Units, as applicable. The Purchaser, if an individual, is at least 21 years of age. 

5.13    Accredited Investor. The Purchaser is an “accredited investor” as defined in Rule 501(a)
of Regulation D promulgated under the Securities Act. 
 5.14    Transfer Restrictions. The Purchaser
understands that the shares of PORT Common Stock that it is acquiring pursuant to the SOR BPT Exchange, or the Special Common Units that it is acquiring pursuant to the Share Exchange, are subject to the restrictions set forth in the Limited
Partnership Agreement and under the Securities Act, as applicable. 
 5.15    Title to Exchanged Shares.
In the case of SOR BPT, SOR BPT LLC is the sole record and beneficial owner of the SOR BPT Exchange Shares set forth on the Schedule of Purchasers attached hereto as Exhibit A being exchanged at the Closing in the SOR BPT Exchange and,
in the case of the Special Common Purchaser, the Special Common Purchaser is the sole record and beneficial owner of the Common Shares, set forth on the Schedule of Purchasers attached hereto as Exhibit A being exchanged at the Closing
in the Share Exchange, in each case, free and clear of any Lien other than restrictions on transfer under applicable state and federal securities laws. 

5.16    Brokers and Finders. No broker, investment banker, financial advisor or other person is entitled to
any broker’s, finder’s, financial advisor’s or other similar fee or commission in connection with this Agreement, the SOR BPT Exchange, the Share Exchange or any other transactions contemplated by this Agreement based upon
arrangements made by or on behalf of the Purchaser. 
 5.17    No Other Representations or
Warranties.    The Purchaser acknowledges and agrees that, except for the representations and warranties expressly set forth in Section 3 and Section 4, respectively, (a) PORT, the Operating Partnership and
Battery Point do not make, and have not made, any representations or warranties relating to PORT, the Operating Partnership or Battery Point or any of their respective subsidiaries, or their respective properties, assets or businesses, or otherwise
in connection with this Agreement, the SOR BPT Exchange, the Share Exchange or the other transactions contemplated by this Agreement, and the Purchaser is not relying on any representation or warranty except for those expressly set forth in
Section 3, as to PORT and the Operating Partnership, or Section 4, as to Battery Point, (b) no person has been authorized by PORT, the Operating Partnership or Battery Point to make any representations or warranty relating to PORT,
the Operating Partnership or Battery Point or any of their respective subsidiaries, or their respective properties, assets or businesses, or otherwise 

  
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in connection with this Agreement, the SOR BPT Exchange, the Share Exchange or the other transactions contemplated by this Agreement and, if made, any such representation or warranty will not be
relied upon by the Purchaser as having been authorized by PORT, the Operating Partnership or Battery Point, and (c) any estimates, projections, predictions, data, financial information, memoranda, presentations or any other information,
documents or materials provided, addressed or otherwise made available to the Purchaser are not and will not be deemed to be or include representations or warranties unless any such materials or information is the subject of any express
representation or warranty set forth in in Section 3, as to PORT and the Operating Partnership, or Section 4, as to Battery Point. 

6.    CLOSING CONDITIONS. 

6.1    Closing Conditions of PORT and the Operating Partnership. The obligations of PORT and the Operating
Partnership to close the transactions contemplated by this Agreement shall be conditioned on the satisfaction or waiver in writing by PORT and the Operating Partnership of the following: 

(a)    Representations and Warranties. The representations and warranties made in
Section 4 hereof by Battery Point and in Section 5 by each Purchaser shall be true, complete and correct in all material respects, except those representations and warranties qualified as to materiality shall be true and correct in all
respects as so written (including the materiality qualifications). 
 (b)    Covenants. All
covenants, agreements, and conditions contained in this Agreement to be performed or complied with by Battery Point or the Purchasers on or prior to the Closing shall have been performed or complied with in all material respects. 

(c)    Limited Partnership Agreement. The Amended and Restated Limited Partnership Agreement
shall have been executed by the Special Common Purchaser. 
 (d)    Articles of Share
Exchange. The Articles of Share Exchange shall have been executed by an authorized officer of Battery Point. 

(e)    REIT Opinion. PORT shall have received a written opinion of Hunton Andrews Kurth LLP,
dated as of the Closing Date and substantially in the form shown on Exhibit D to the effect that, commencing with Battery Point’s taxable year ended December 31, 2016, Battery Point has been organized and operated in
conformity with the requirements for qualification and taxation as a REIT under the Code, and its actual method of operation has enabled Battery Point to meet, through the Closing, the requirements for qualification and taxation as a REIT under the
Code, which opinion will be based on customary representations contained in an officer’s certificate executed by a properly authorized officer of Battery Point and attached hereto as Exhibit E. 

(f)    Surrender of SOR BPT Exchange Shares. If the SOR BPT Exchange Shares held by SOR BPT
are certificated, then SOR BPT LLC shall have surrendered to PORT for cancellation all stock certificates evidencing the SOR BPT Exchange 

  
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Shares held by SOR BPT LLC as set forth on the Schedule of Purchaser’s attached hereto as Exhibit A, or an affidavit of loss or destruction thereof in a form reasonably
satisfactory to PORT. If the SOR BPT Exchange Shares held by SOR BPT are not certificated, then the SOR BPT LLC shall have executed and delivered such stock power or other acknowledgment of assignment in a form reasonably satisfactory to PORT. 

(g)    Surrender of Common Shares. If the Common Shares held by the Special Common Purchaser
are certificated, then the Special Common Purchaser shall have surrendered to the Operating Partnership for cancellation all stock certificates evidencing the Common Shares held by the Special Common Purchaser as set forth on the Schedule of
Purchaser’s attached hereto as Exhibit A, or an affidavit of loss or destruction thereof in a form reasonably satisfactory to the Operating Partnership. If the Common Shares held by the Special Common Purchaser are not
certificated, then the Special Common Purchaser shall have executed and delivered such letter of instruction or other acknowledgment of assignment in a form reasonably satisfactory to the Operating Partnership. 

6.2    Closing Conditions of Battery Point. The obligations of Battery Point to close the transactions
contemplated by this Agreement shall be conditioned on the satisfaction or waiver in writing by Battery Point of the following: 

(a)    Representations and Warranties. The representations and warranties made in
Section 3 hereof by PORT and the Operating Partnership and in Section 5 by each Purchaser shall be true, complete and correct in all material respects, except that all representations and warranties qualified as to materiality are true and
correct in all respects as so written (including the materiality qualifications). 

(b)    Covenants. All covenants, agreements, and conditions contained in this Agreement to be
performed or complied with by PORT, the Operating Partnership, and the Purchasers on or prior to the Closing have been performed or complied with in all material respects. 

(c)    Articles of Share Exchange. The Articles of Share Exchange shall be executed by an
authorized officer of PORT and, if applicable, the Operating Partnership. 
 6.3    Closing Conditions of the
Special Common Purchaser. The obligations of the Special Common Purchaser to close the transactions contemplated by this Agreement shall be conditioned on the satisfaction or waiver in writing by the Special Common Purchaser of the following:

 (a)    Representations and Warranties. The representations and warranties made in
Section 3 hereof by PORT and the Operating Partnership shall be true, complete and correct in all material respects, except that all representations and warranties qualified as to materiality are true and correct in all respects as so written
(including the materiality qualifications). 

  
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 (b)    Covenants. All covenants,
agreements, and conditions contained in this Agreement to be performed or complied with by PORT and Operating Partnership on or prior to the Closing have been performed or complied with in all material respects. 

(c)    Amended and Restated Limited Partnership Agreement. The Amended and Restated Limited
Partnership Agreement shall be executed by an authorized officer of, or by, the general partner of the Operating Partnership. 

6.4    Closing Conditions of SOR BPT LLC. The obligations of SOR BPT LLC to close the transactions
contemplated by this Agreement shall be conditioned on the satisfaction or waiver in writing by SOR BPT LLC of the following: 

(a)    Representations and Warranties. The representations and warranties made in
Section 3 hereof by PORT and the Operating Partnership shall be true, complete and correct in all material respects, except that all representations and warranties qualified as to materiality are true and correct in all respects as so written
(including the materiality qualifications). 
 (b)    Covenants. All covenants, agreements,
and conditions contained in this Agreement to be performed or complied with by PORT and Operating Partnership on or prior to the Closing have been performed or complied with in all material respects. 

(c)    Articles of Share Exchange. The Articles of Share Exchange shall be executed by an
authorized officer of PORT and, if applicable, the Operating Partnership. 
 7.    Survival; Indemnification.

 7.1    Survival. The representations and warranties of the Parties to one another, in each case,
contained in this Agreement shall survive for twenty-four months from the Closing Date; provided, however, that (a) the representations and warranties contained Sections 3.9, 4.7, 4.8(a), 4.11, 4.13 and 4.16 shall survive the Closing Date until
sixty (60) days after the expiration of the applicable statute of limitations in respect thereof, and (b) the representations and warranties contained Sections 3.1, 3.2, 3.3, 3.8, 4.1, 4.2, 4.3, 4.17, 5.1, 5.15 and 5.16 shall survive the
Closing Date indefinitely (the representations and warranties referenced in the foregoing clauses (a) and (b), collectively, the “Fundamental Representations”). The covenants and agreements of the Parties to or for the
benefit of one another contained in this Agreement to be performed or complied with after the Closing shall survive the Closing for the applicable statute of limitations period. No Party shall have any liability to another Party under this
Agreement, arising out of any breach of any representation and warranty or covenant identified or discovered following, and for which a written notice of a claim is not submitted prior to, the expiration of the applicable survival period for such
representation and warranty or covenant as provided in this Section 7.1; provided that if written notice of a claim has been given prior to the expiration of the applicable survival period for such representations and warranties, then the
relevant representations and warranties or covenant shall survive as to such claim, until such claim has been finally resolved. 

  
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 7.2    Indemnification. Subject to the limitations set
forth in this Section 7.2 or elsewhere in this Agreement, (a) PORT and the Operating Partnership shall severally (and not jointly) indemnify, defend and hold harmless each Purchaser and each of the respective affiliates, directors,
officers, managers, employees, agents, representatives, heirs, executors, successors and assigns of each such Purchaser, from and against all liabilities, losses, demands, penalties, obligations, claims and damages and reasonable attorneys’
fees, court costs and other out-of-pocket expenses (collectively, “Losses”) that arise out of or result from any breaches or inaccuracies in any
of the representations and warranties of PORT or the Operating Partnership or breaches by PORT or the Operating Partnership or any of their respective subsidiaries of the covenants of PORT or the Operating Partnership or their respective
subsidiaries set forth in this Agreement; (b) the Special Common Purchaser shall indemnify, defend and hold harmless PORT and the Operating Partnership and the respective affiliates, directors, officers, managers, employees, agents,
representatives, heirs, executors, successors and assigns of PORT and the Operating Partnership, from and against all Losses that arise out of or result from any breaches or inaccuracies by Battery Point of any of the representations or warranties
of Battery Point, or breaches by Battery Point of any covenants set forth in this Agreement; and (c) each Purchaser shall severally (and not jointly) indemnify, defend and hold harmless Battery Point, PORT and the Operating Partnership and the
respective affiliates, directors, officers, managers, employees, agents, representatives, heirs, executors, successors and assigns of Battery Point, PORT and the Operating Partnership from and against all Losses that arise out of or result from any
breaches or inaccuracies by such Purchaser of any of its respective representations or warranties or breaches by such Purchaser of any covenants set forth in this Agreement; provided that for purposes of determining any such breaches or inaccuracies
or measuring or calculating any such Losses, such determination, measurement or calculation, as applicable, shall be measured without giving effect to any “materiality”, “material adverse effect” or similar materiality qualifiers
contained therein; provided, however, that the measurement and calculation of any Losses shall be subject in all respects to the Basket and De Minimis Threshold (as defined below). The liability of PORT to the Purchasers, collectively, under this
Agreement in respect of any breach of the representations and warranties or covenants made by PORT to or for their respective benefits contained in this Agreement shall not exceed $5,250,000 in the aggregate (as may be allocated to the Purchasers in
proportion to their pro rata interests); provided, however, that Losses relating to the Fundamental Representations shall not be subject to, and shall be excluded from, the calculation of such maximum amount. The liability of the Operating
Partnership to the Purchasers, collectively, under this Agreement in respect of any breach of the representations and warranties or covenants made by the Operating Partnership to or for their respective benefits contained in this Agreement shall not
exceed $3,026,497 in the aggregate (as may be allocated to the Purchasers in proportion to their pro rata interests); provided, however, that Losses relating to the Fundamental Representations shall not be subject to, and shall be excluded from, the
calculation of such maximum amount. The Special Common Purchaser’s liability to PORT, the Operating Partnership or Battery Point, collectively, in respect of any breach of the representations and warranties or covenants made by Battery Point or
the Special Common Purchaser to or for their respective benefits contained in this Agreement shall not exceed $3,026,497 in the aggregate; provided, however, that Losses relating to the Fundamental 

  
 - 34 - 

 
Representations shall not be subject to, and shall be excluded from, the calculation of such maximum amount. SOR BPT LLC’s liability to PORT, the Operating Partnership or Battery Point,
collectively, in respect of any breach of the representations and warranties or covenants made by SOR BPT LLC to or for their respective benefits contained in this Agreement shall not exceed $5,250,000 in the aggregate; provided, however, that
Losses relating to the Fundamental Representations shall not be subject to, and shall be excluded from, the calculation of such maximum amount. No party shall be entitled to indemnification under this Section 7.2 unless and until the aggregate
indemnifiable Losses to such applicable party under this Agreement (other than those arising out of, or resulting from, the breach of any Fundamental Representation) exceed $250,000 (the “Basket”), in which case the Party
seeking indemnification shall be entitled to indemnification only for the aggregate amount of such Losses that exceed the Basket; provided that any individual Losses (other than those arising out of, or resulting from, the breach of any Fundamental
Representation) less than $50,000 (the “De Minimis Threshold”) shall not be taken into account in determining whether or the extent to which the Basket has been met or exceeded. No party shall be liable to any other party for
(and the definition of “Losses” shall not include) any damages resulting from lost profits, diminution in value or punitive damages, except to the extent any of the foregoing are actually awarded in a final, nonappealable
order or judgment of a court of competent jurisdiction in respect of an Action brought by a third-party unaffiliated with PORT, the Operating Partnership, Battery Point or any Purchaser or any of their respective Affiliates or subsidiaries. 

Without limiting the obligations of the Special Common Purchaser under this Section 7.2, but subject to, and included in, the Basket and
De Minimis Threshold, the Special Common Purchaser shall indemnify, defend and hold harmless Battery Point, PORT and the Operating Partnership and the respective affiliates, directors, officers, managers, employees, agents, representatives, heirs,
executors, successors and assigns of Battery Point, PORT and the Operating Partnership from and against all Losses that arise out of or result from the exercise of any option to purchase any Battery Point Owned Property listed on Section 4.8(g)
of the Battery Point Disclosure Schedules. Losses pursuant to the foregoing sentence in respect of any particular Battery Point Owned Property shall be equal to the “Delta” for such Battery Point Owned Property set forth on
Section 4.8(g) of the Battery Point Disclosure Schedules, as determined by subtracting the “Adjusted Option Price” for such Battery Point Owned Property from the “Pro Rated Value” in respect of such Battery Point Owned
Property, in each case, as set forth on Section 4.8(g) of the Battery Point Disclosure Schedules. For clarity, Losses calculated in accordance with this paragraph shall not be limited by the exclusion for damages resulting from lost profits,
diminution in value or punitive damages. 
 7.3    Indemnification Procedures. Any party seeking
indemnification under this Section 7 (an “Indemnified Party”) shall give the party from whom indemnification is being sought (an “Indemnifying Party”) notice of any matter which has given or could
give rise to a right of indemnification under this Agreement, promptly upon becoming aware of such matter, stating the amount of the Loss, if known, and method of computation thereof, and containing a reference to the provisions of this Agreement in
respect of which such right of indemnification is claimed or arises; provided, however, that the failure to provide such notice shall not release the Indemnifying Party from any of its obligations under this Section 7 except to
the extent (and only to the extent) the Indemnifying Party is actually prejudiced by such failure. The obligations and 

  
 - 35 - 

 
liabilities of an Indemnifying Party under this Section 7 with respect to Losses arising from claims of any third party which are subject to the indemnification provided for in
Section 7 (“Third Party Claims”) shall be governed by and contingent upon the following additional terms and conditions: if an Indemnified Party shall receive notice of any Third Party Claim, the Indemnified Party shall
give the Indemnifying Party notice of such Third Party Claim promptly upon the receipt by the Indemnified Party of such notice; provided, however, that the failure to provide such notice shall not release the Indemnifying Party from
any of its obligations under this Section 7 except to the extent (and only to the extent) the Indemnifying Party is actually prejudiced by such failure. If the Indemnifying Party acknowledges in writing its obligation to indemnify the
Indemnified Party hereunder against any Losses that may result from such Third Party Claim, then the Indemnifying Party shall be entitled to assume and control the defense of such Third Party Claim at its expense and through counsel of its choice
(which counsel must be reasonably acceptable to the Indemnified Party) if it gives notice of its intention to do so to the Indemnified Party within 20 business days (or sooner, if the nature of the Third Party Claim so requires) of the receipt of
such notice from the Indemnified Party; provided, however, that, if (i) the Indemnified Party shall have been advised by counsel that there are one or more legal or equitable defenses available to it that are different from or in
addition to those available to the Indemnifying Party, and, in the reasonable opinion of the Indemnified Party, counsel for the Indemnifying Party could not adequately represent the interests of the Indemnified Party because such interests could be
in conflict with those of the Indemnifying Party, or (ii) the Indemnifying Party shall not have assumed the defense of the Third Party Claim in a timely fashion, then the Indemnified Party shall be entitled to retain its own counsel, at the
expense of the Indemnifying Party; provided that in any case the Indemnifying Party shall not be obligated to pay the expenses of more than one separate counsel for all Indemnified Parties, taken together. In the event the Indemnifying Party
exercises the right to undertake any such defense against any such Third Party Claim as provided above, the Indemnified Party shall cooperate with the Indemnifying Party in such defense and make available to the Indemnifying Party all witnesses,
pertinent records, materials and information in the Indemnified Party’s possession or under the Indemnified Party’s control relating thereto as is reasonably required by the Indemnifying Party. Similarly, in the event the Indemnified Party
is, directly or indirectly, conducting the defense against any such Third Party Claim, the Indemnifying Party shall cooperate with the Indemnified Party in such defense and make available to the Indemnified Party, all such witnesses, records,
materials and information in the Indemnifying Party’s possession or under the Indemnifying Party’s control relating thereto as is reasonably required by the Indemnified Party. The Indemnifying Party shall not, without the prior written
consent of the Indemnified Party, (i) settle or compromise any Third Party Claim or consent to the entry of any judgment which does not include as an unconditional term thereof the delivery by the claimant or plaintiff to the Indemnified Party
of a written release from all liability in respect of such Third Party Claim or (ii) settle or compromise any Third Party Claim other than for money damages or other monetary payments which will be paid by the Indemnifying Party. No Third Party
Claim which is being defended in good faith by the Indemnifying Party in accordance with the terms of this Agreement shall be settled by the Indemnified Party without the prior written consent of the Indemnifying Party. 

  
 - 36 - 

 7.4    Equity in Lieu of Cash Indemnity. 

(a)    In the event that PORT or the Operating Partnership are entitled to an indemnity payment from the Special Common
Purchaser or any other Purchaser pursuant to Section 7.2 as a result any breach or inaccuracy of the representations and warranties or covenants made by Battery Point to or for the benefit of PORT and the Operating
Partnership contained in this Agreement, the Special Common Purchaser shall transfer to the Operating Partnership for cancellation the number of Operating Partnership Units it received (pro rata) as calculated below in subsection (b) of
this Section 7.4 and each other Purchaser shall transfer to PORT for cancellation the number of shares of PORT Common Stock it received (pro rata) as calculated below in as calculated below in subsection (b) of this
Section 7.4. In the event that any Purchaser is entitled to an indemnity payment from PORT or the Operating Partnership, PORT or the Operating Partnership may elect in writing whether such payment shall be made in cash or, as applicable, shares
of PORT Common Stock or Operating Partnership Units. If PORT or the Operating Partnership so elects to make payment in shares of PORT Common Stock or Operating Partnership Units, respectively, the number of shares of PORT Common Stock or the number
of Operating Partnership Units, as the case may be, shall calculated by applying subsection (b) of this Section 7.4 mutatis mutandis. 

(b)    The number of shares of PORT Common Stock or Operating Partnership Units that BPT SOR LLC or the Special Common
Purchaser, respectively, shall transfer to PORT or the Operating Partnership, respectively, for cancellation in accordance with this Section 7.4 shall be determined as follows: first, the total amount of Losses shall be calculated in respect of
the breach or inaccuracy giving rise to the indemnity obligation by the Special Common Purchaser; second, based upon the written financial opinion of Robert A. Stanger & Co., Inc. dated on or about the date hereof (the “Stanger
Valuation”), a new “equity value” for as applicable, the PORT Common Stock or the Common Shares shall be calculated taking into account such Losses as a “liability” of PORT or Battery Point, as applicable; third,
based on such new “equity value”, PORT, the Operating Partnership and the Battery Point Stockholders shall calculate the adjusted number of shares of PORT Common Stock or Operating Partnership Units that the Special Common Purchaser or
other Purchaser would have been entitled to receive at the Closing in exchange for the Common Shares; and fourth, the Purchaser shall transfer, as applicable, to PORT or, in case of the Special Common Purchaser, the Operating Partnership (on a
pro rata basis), as applicable, the number of shares of PORT Common Stock or Operating Partnership Units, in the aggregate, as shall be required to reduce the shares of PORT Common Stock and/or Operating Partnership Units to the number
calculated in accordance with the foregoing. For clarity, the value of PORT shall be deemed equivalent to the value of the Operating Partnership. 

7.5    Exclusive Remedy. The indemnification provisions of this Section 7 shall be the sole and
exclusive remedy with respect to any and all claims of relating to this Agreement (other than, in the case of claims for breaches of representations and warranties, claims relating to, or arising out of, fraud or intentional misrepresentations by a
Party and, in the case of claims for breaches of covenants, claims relating to or arising out of gross negligence or intentional misconduct by a Party). 

  
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 8.    MISCELLANEOUS. 

8.1    Governing Law; Waiver of Jury Trial; Dispute Resolution. 

(a)    This Agreement shall be governed by and construed under the laws of the State of Maryland
without application of conflicts of laws principles. 
 (b)    THE PARTIES TO THIS AGREEMENT
HEREBY WAIVE THEIR RIGHT TO A TRIAL BY JURY WITH RESPECT TO DISPUTES ARISING UNDER THIS AGREEMENT AND THE RELATED AGREEMENTS AND CONSENT TO A BENCH TRIAL WITH THE APPROPRIATE JUDGE ACTING AS THE FINDER OF FACT. 

(c)    Each of the Parties irrevocably (i) consents to submit itself to the personal
jurisdiction of the Circuit Court for Baltimore City, Maryland, or, if that court does not have jurisdiction, the U.S. District Court for the District of Maryland, Baltimore Division (such Circuit Court and District Court, the “Maryland
Courts”) in connection with any matter based upon or arising out of or relating to this Agreement, the SOR BPT Exchange, the Share Exchange or the other transactions contemplated by this Agreement, or the actions of the Parties in the
negotiation, administration, performance, and enforcement of this Agreement, (ii) agrees that it will not attempt to deny or defeat such personal jurisdiction by motion or other request for leave from any court, (iii) agrees that it will
not bring any action relating to this Agreement, the SOR BPT Exchange, the Share Exchange or the other transactions contemplated by this Agreement in any court other than the Maryland Courts, (iv) agrees to request and/or consent to the
assignment of any such proceeding to the Maryland Court’s Business and Technology Case Management Program and (v) consents to service being made through the notice procedures set forth in Section 8.8. Each of the Parties agrees that
service of any process, summons, notice, or document by U.S. registered mail to the respective addresses as specified in Section 8.8 will be effective service of process for any suit, action, or proceeding based upon, arising out of or relating
to this Agreement, the SOR BPT Exchange, the Share Exchange or the other transactions contemplated by this Agreement. Each Party irrevocably waives, and agrees not to assert, by way of motion, as a defense, counterclaim or otherwise, in any suit,
action or proceeding based upon, relating to or arising out of this Agreement, any claim that it is not personally subject to the jurisdiction of the above-named courts for any reason other than the failure to serve process in accordance with this
Section 8.1, that it or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through service of notice, attachment prior to judgment, attachment in aid of execution of
judgment, execution of judgment, or otherwise), and to the fullest extent permitted by applicable laws, that the suit, action, or proceeding in any such court is brought in an inconvenient forum, that the venue of such suit, action, or proceeding is
improper, or that this Agreement, or the subject matter hereof or thereof, may not be enforced in or by such courts and further irrevocably waives, to the fullest extent permitted by applicable laws, the benefit of any defense that would hinder,
fetter, or delay the levy, execution, or collection of any amount to which the Party is entitled pursuant to the final judgment of any court having jurisdiction. Each Party expressly acknowledges that the foregoing waiver is intended to be
irrevocable under the law of the State of Maryland and of the U.S. 

  
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 8.2    Further Assurances; Form D. 

(a)    In case at any time after the Closing any further action is necessary or desirable to carry
out the purposes of this Agreement, each of PORT, the Operating Partnership and the Purchasers will take (and the Operating Partnership will cause Battery Point to take) such further action (including the execution and delivery of such further
instruments and documents) as PORT or the Operating Partnership may reasonably request (at the sole cost and expense of PORT and the Operating Partnership). 

(b)    No later than 15 days after the Closing Date, the Operating Partnership will file (or PORT
will cause the Operating Partnership to file) a notice on Form D, “Notice of Sale of Securities Pursuant to Regulation D, Section 4(6), and/or Uniform Limited Offering Exemption” with the U.S. Securities and Exchange Commission and
with any state(s) requiring it in which Purchaser is located based upon the jurisdictions of residence for each Purchaser on the signature pages attached hereto. 

8.3    Successors and Assigns. Except as otherwise expressly provided herein or in the Amended and Restated
Operating Partnership Agreement, the provisions hereof shall inure to the benefit of, and be binding upon the parties hereto and their respective successors, permitted assigns, heirs, executors and administrators and shall inure to the benefit of
and be enforceable by each person who shall be a holder of the Operating Partnership Units from time to time; provided, however, that prior to the receipt by the Operating Partnership of adequate written notice of the transfer of any
Operating Partnership Units specifying the full name and address of the transferee, PORT or the Operating Partnership may deem and treat the person listed as the holder of such Operating Partnership in its records as the absolute owner and holder of
such Operating Partnership Units for all purposes; and provided, further, that the rights of any Purchaser under Sections 1 or 2 of this Agreement may not be assigned without the prior written consent of PORT and the Operating
Partnership in their sole and absolute discretion. 
 8.4    Entire Agreement. This Agreement, the
exhibits and schedules hereto, and the other documents delivered pursuant hereto constitute the full and entire understanding and agreement between the parties with regard to, as applicable, the SOR BPT Exchange or the Share Exchange and no party
shall be liable or bound to any other in any manner by any oral or written representations, warranties, covenants and agreements except as specifically set forth herein and therein. Each party to this Agreement expressly represents and warrants that
it is not relying on any oral or written representations, warranties, covenants or agreements outside of the Agreement. 

8.5    Severability. In the event that any provision of this Agreement becomes or is declared by a court of
competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision, which shall be replaced with an enforceable provision closest in intent and economic effect as the severed
provision; provided that no such severability shall be effective if it materially changes the economic benefit of this Agreement to any party to this Agreement. 

  
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 8.6    Amendment and Waiver. 

(a)    This Agreement may be amended or modified upon the written consent of PORT, the Operating
Partnership, a majority of the Special Common Purchaser and the Majority Purchasers. 
 (b)    The
obligations of PORT, the Operating Partnership, Battery Point, the Special Common Purchaser and the rights of the Purchasers under this Agreement may be waived with the written consent of the Majority Purchasers. 

8.7    Delays or Omissions. Except as expressly provided herein, no delay or omission to exercise any right,
power or remedy accruing to any party to this Agreement, upon any breach or default of another party under this Agreement, shall impair any such right, power or remedy of such party to this Agreement nor shall it be construed to be a waiver of any
such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring; nor shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter
occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party to this Agreement of any breach or default under this Agreement, or any waiver on the part of any party to this Agreement of any provisions or
conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. 

8.8    Notices. All notices required or permitted hereunder shall be in writing and shall be deemed
effectively given: (a) upon personal delivery to the party to be notified, (b) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, (c) one (1) day after deposit
with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt, or (d) upon confirmation of receipt (which may be electronic) upon transmission by facsimile or other electronic transmission.
All communications shall be sent to PORT, the Operating Partnership or Battery Point at the address as set forth on the signature page hereof and to a Purchaser at the address set forth under such Purchaser’s name on Exhibit
A attached hereto or at such other address as such party to this Agreement may designate by ten (10) days advance written notice to the other Parties hereto. 

8.9    Expenses. Each party to this Agreement shall, at the Closing, pay all costs and expenses that it
incurs with respect to the negotiation, execution, delivery and performance of this Agreement. 

8.10    Attorneys’ Fees. In the event that any suit or action is instituted under or in
relation to this Agreement, including without limitation to enforce any provision in this Agreement, the prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such
prevailing party under or with respect to this Agreement, including without limitation, such reasonable fees and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals. 

  
 - 40 - 

 8.11    Titles and Subtitles. The titles of the sections
and subsections of the Agreement are for convenience of reference only and are not to be considered in construing this Agreement. 

8.12    Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be
an original, but all of which together shall constitute one instrument. 
 8.13    Interpretative Matters.
Unless the context otherwise requires, (a) all references to articles, sections, schedules or exhibits are to Articles, Sections, Disclosure Schedules or Exhibits in this Agreement, (b) words in the singular or plural include the singular
and plural, and pronouns stated in either the masculine, feminine or neuter gender shall include the masculine, feminine and neuter, (c) the term “person” means any natural person, sole proprietorship, partnership, joint venture,
trust, unincorporated association, corporation, limited liability company or other business entity, and (d) the word “including” and words of similar import when used in this Agreement shall mean “including without
limitation,” unless otherwise specified. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent arises, this Agreement shall be construed as if drafted
jointly by the parties, and no presumption or burden of proof shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement. If the last day permitted for the giving of any notice or the
performance of any act required or permitted under this Agreement falls on a day which is not a business day, the time for the giving of such notice or the performance of such act will be extended to the next succeeding business day. 

8.14    Disclosure Generally. All Disclosure Schedules attached hereto are incorporated herein and expressly
made a part of this Agreement as though completely set forth herein. All references to this Agreement herein or in any of the Disclosure Schedules shall be deemed to refer to this entire Agreement, including all Disclosure Schedules;
provided, however, that information furnished in any particular section to the Disclosure Schedules shall be deemed to be included in another section only if the relevance of such information to such other sections is readily apparent
on the face of the disclosures or can reasonably be interpreted as having application to such other section notwithstanding the absence of a cross-reference contained therein. 

8.15    Specific Performance. The Parties acknowledge and agree that irreparable harm would occur, and the
Parties would not have any adequate remedy at law (i) for any actual or threatened breach of the provisions of this Agreement or (ii) in the event that any of the provisions of this Agreement (including failure to take such actions as are
required hereunder in order to consummate this Agreement) were not performed in accordance with their specific terms. It is accordingly agreed that each party to this Agreement shall be entitled to seek an injunction or injunctions to prevent
breaches or threatened breaches of this Agreement and to specifically enforce the terms and provisions of this Agreement and any other agreement or instrument executed in connection herewith; and the Parties further agree to waive any requirement
for the securing or posting of any bond or proving actual damages in connection with such remedy. Each Party hereby consents to the right of the other Parties to seek the issuance of such injunction or injunctions, and to the grant of such
injunction or injunctions. The 

  
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Parties further agree not to assert that a remedy of injunction or specific performance is unenforceable, invalid, contrary to law or inequitable for any reason, nor to assert that a remedy of
monetary damages would provide for an adequate remedy. 
 8.16    Waiver of Conflicts. Each party to this
Agreement acknowledges that DLA Piper LLP (US) (“DLA Piper”), outside general counsel to PORT and certain of the Purchasers and/or their respective affiliates, has in the past performed and is or may now be representing, or
in the future may represent one or more Purchasers or their affiliates in matters unrelated to the SOR BPT Exchange and the Share Exchange and/or the other transactions contemplated by this Agreement, including representation of PORT or such
Purchasers or their affiliates in financing, securities and general corporate matters. The applicable rules of professional conduct require that DLA Piper inform the parties hereunder of this representation and obtain their consent. DLA Piper has
served as outside general counsel to PORT and certain of the Purchasers and/or their respective affiliates and has negotiated the terms of the SOR BPT Exchange and the Share Exchange solely on behalf of PORT and its owner, SOR REIT, and its
subsidiaries, including, without limitation, the Operating Partnership. Each of the parties to this Agreement hereby (i) acknowledge that they have had an opportunity to ask for and have obtained information relevant to such representation,
including disclosure of the reasonably foreseeable adverse consequences of such representation; (ii) acknowledge that with respect to the SOR BPT Exchange and the Share Exchange, DLA Piper has represented PORT, SOR REIT and their subsidiaries,
including, without limitation, the Operating Partnership, and not any Purchaser (in its capacity as a Purchaser) or any stockholder, director or employee of PORT, SOR REIT and their subsidiaries, including, without limitation, the Operating
Partnership, or of any Purchaser; and (iii) gives its informed consent to DLA Piper’s representation of PORT, SOR REIT and their subsidiaries, including, without limitation, PORT in the SOR BPT Exchange and the Operating Partnership, in
the Share Exchange. 
 [Signature pages follow] 

  
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 IN WITNESS
WHEREOF, the parties hereto have executed this EXCHANGE AGREEMENT as of the date set forth in the first paragraph hereof. 

 

			
	PORT:
	
	PACIFIC OAK RESIDENTIAL TRUST, INC.
		
	By:	 	     /s/ Michael S. Gough

	Name:  Michael S. Gough
	      Title:    Chief Operating Officer

 

			
	Address:	 	   11246 Alumni Way

		 	  Jacksonville FL 32246
		
	 Email:
	 	  #############

  

			
	THE OPERATING PARTNERSHIP:
	
	PORT OP LP
	
	     By:  PORT OP GP LLC,
	             a Delaware limited liability company
	     Its:     General Partner

  

			
	             By:     Pacific Oak Residential
Trust,
               Inc., a Maryland corporation
	                Its:     Sole Member

  

			
	By:	 	     /s/ Michael S.
Gough

 
			
	    	 	Name: Michael S. Gough
		 	Title:   Chief Operating Officer

  

			
	Address:	 	   11246 Alumni Way

		 	  Jacksonville FL 32246
		
	 Email:
	 	  #############

  

			
	BATTERY POINT:
	
	BATTERY POINT TRUST INC.
		
	By:	 	     /s/ Michael S.
Gough

 
			
	        Name:  Michael S. Gough
	        Title:    Chief Operating Officer

  

			
	Address:	 	   11246 Alumni Way

		 	  Jacksonville FL 32246
		
	 Email:
	 	  #############

 
			
	PURCHASER:
	
	BPT HOLDINGS LLC
		
	By:	 	 /s/ T. Jeremiah Healey

			
	Name:	 	T. Jeremiah Healey
	Title:	 	Manager

  

			
	Address:	 	 c/o Pacific Oak Battery Point
 Holdings,
LLC
 11766 Wilshire Blvd., Suite 1670

		 	Los Angeles, CA 90025
		 	Attention: Ben Aitkenhead,
		 	Keith Hall, and Peter McMillan
	
	 Email: #############, #############,

            #############

  

	
	  

Number of
Common Shares Held

Immediately Prior to the Share

Exchange Closing to be

Exchanged
  

	 
	1,000,000

  

	
	 OR
  

	  

Number of
shares of PORT Common Stock to

be issued at SOR BPT Exchange

Closing in SOR BPT Exchange
  

	 
	N/A

 
											
	PURCHASER:	 	
		
	PACIFIC OAK SOR BATTERY POINT, LLC	 	

 
											
		
	By:  	 	PACIFIC OAK SOR X ACQUISITION I, LLC
		 	 (F/K/A KBS SOR X Acquisition I, LLC),

a Delaware limited liability company,
 its sole
member

 
											
			
	      	 	By:  	 	 PACIFIC OAK SOR EQUITY HOLDINGS X, LLC

  (F/K/A KBS SOR EQUITY HOLDINGS X, LLC),

a Delaware limited liability company,
 its sole
member

				
		 		 	By:  	 	 PACIFIC OAK STRATEGIC OPPORTUNITY

  (BVI) HOLDINGS, LTD. (F/K/A KBS SOR

  (BVI) HOLDINGS, LTD.)

a British Virgin Island company limited by shares,
 its sole
member

					
		 		 		 	By:  	 	 PACIFIC OAK STRATEGIC OPPORTUNITY

LIMITED PARTNERSHIP (F/K/A KBS

STRATEGIC OPPORTUNITY LIMITED

PARTNERSHIP)
 a Delaware limited
partnership,
 its sole member

						
		 		 		 		 	By:  	 	 PACIFIC OAK STRATEGIC OPPORTUNITY REIT, INC.
(F/K/A KBS STRATEGIC OPPORTUNITY REIT, INC.),
 a Maryland
corporation,
 its sole general partner

  

			
	By:	 	     /s/ Michal Bender

	Name:	 	Michael Bender
	Title:	 	Chief Financial Officer

  

			
	Address:	 	 c/o Pacific Oak Strategic
 Opportunity REIT,
Inc.
 11766 Wilshire Blvd., Suite 1670

		 	Los Angeles, CA 90025

 
			
	 Email:
	 	  #############

  

	
	  

Number of
 Common Shares
Held
 Immediately Prior to the Share

Exchange Closing to be

Exchanged
  

	  

N/A
  

	  
 OR

 

	  

Number of
 shares of PORT
Common Stock to
 be issued at SOR BPT Exchange

Closing in SOR BPT Exchange

	  

210,000
  

 * * * 

 LIST OF EXHIBITS 

 

					
	 Schedule of Purchasers
	  	 	Exhibit A	 
		
	 Amended and Restated Limited Partnership Agreement
	  	 	Exhibit B	 
		
	 Disclosure Schedules
	  	 	Exhibit C	 
		
	 Form of REIT Opinion
	  	 	Exhibit D	 
		
	 Form of REIT Officer’s Certificate in Support of REIT Opinion
	  	 	Exhibit E

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