Document:

Mortgage Loan Application

 Exhibit 10.56 

METROPOLITAN LIFE INSURANCE COMPANY 

Mortgage Loan Application 

Borrower applies for, and agrees to accept from Metropolitan Life Insurance Company (“MetLife”) the mortgage loan
described below (“Loan”), on the terms and conditions set forth below including, without limitation, the Closing Conditions which are attached hereto as Exhibit A. 

TERMS 
  

	1.	 	 GENERAL TERMS 

  

	 	(a)	 	 Property Name and Address: 300 North LaSalle Street, Chicago, Cook, Illinois 60654. 

 

	 	(b)	 	 Improvements: A Class A+ office building containing approximately 1,302,901 square feet and containing approximately 233 parking spaces
inside a 3-level underground parking garage. 

  

	 	(c)	 	 Real Property Description: approximately 1.1 acres in Chicago, IL. 

 

	 	(d)	 	 Loan Amount: $350,000,000 

  

	 	(e)	 	 Term: 5 years. 

  

	 	(f)	 	 Amortization: Based on three (3) years interest only, followed by a 30-year amortization schedule. 

 

	 	(g)	 	 Annual Interest Rate: shall be fixed for the term at the greater of (A) sum of (i) 220 basis points plus (ii) the yield on
securities issued by the United States Treasury having a maturity equal to five (5) years, and (B) 4.25%. 

  

	 	(h)	 	 Determination of Annual Interest Rate: The Annual Interest Rate will be determined by MetLife’s Treasury Trading Desk on the Business
Day MetLife receives this Application executed by Borrower in a form satisfactory to MetLife, together with the Non-Refundable Processing Fee and the Good Faith Deposit. If these items are received by MetLife after 2:00 P.M. Eastern Standard Time or
Eastern Daylight Time, as applicable, the rate will be locked on the next Business Day. Delivery Date means the date the Annual Interest Rate is locked. A Business Day is a day that both MetLife and the bond market are conducting
business. 

  

	 	(i)	 	 Monthly Payment Terms: Borrower shall pay interest only on the first day of the first month following the month in which Closing occurs and
the first day of each month thereafter through and including the thirty-sixth (36th) month. Commencing with the first day of the thirty-seventh (37th) month following the month in which the Closing occurs and on the first day of each month
thereafter during the term of the Loan, Borrower shall pay monthly installments of principal and interest in the amount of $____TBD___ Monthly installments are based on a 30 day month/360 day year. 

 

	 	(j)	 	 Prepayment Lockout Period: The Loan will be closed to prepayment for thirty (30) months following the Closing.

  

	 	(k)	 	 Expiration Date: The later of (i) 90 days after the Delivery Date, or (ii) October 7, 2010. 

 

	 	(l)	 	 Non-Refundable Processing Fee: $225,000 

  

	 	(m)	 	 Commitment Fee: None. 

  

	 	(n)	 	 Good Faith Deposit: $5,250,000 

  

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	 	(o)	 	 Borrower: KBSII 300 LaSalle, LLC, a Delaware limited liability company, an SPE whose sole member is KBSII REIT Acquisition XIV, LLC, Address:
c/o KBS Capital Advisors LLC, 620 Newport Center Drive, Suite 1300, Newport Beach, CA 92660 

  

	 	(p)	 	 Liable Party: KBS REIT Properties II, LLC, a Delaware limited liability company, whose address is c/o KBS Capital Advisors LLC 620 Newport
Center Drive, Suite 1300, Newport Beach, CA 92660 

  

	 	(q)	 	 Broker: HFF, LP - Chicago 

PROVISIONS 

2.          CLOSING.    If all of the terms and
provisions of this Application including the Closing Conditions have been fulfilled on or before the Expiration Date set forth on page 1, the disbursement of the Loan (the “Closing”) shall occur on the Expiration Date (or if
the Expiration Date is other than a business day, the first business day preceding the Expiration Date), or such other date as shall be mutually agreed upon by MetLife and Borrower. 

3.          PROPERTY.    “Property”
shall mean the Real Property, the Personal Property and the Intangible Property collectively. “Real Property” shall mean the land which is described in Provision 1(c) (although the actual description of the land will be set
forth in the Mortgage) and the Improvements and all other improvements located on the land, and all fixtures, together with all easements and appurtenances. “Personal Property” shall mean the appliances, equipment, machinery,
furnishings, furniture and other personal property (including intellectual property) at any time located on or used in connection with the Real Property, other than trade fixtures and other personal property of tenants. “Intangible
Property” shall mean Borrower’s interest in all leases, policies of insurance, licenses, franchises, permits, goodwill, trade names, service contracts and other agreements and rights relating to the Real Property. 

4.          DOCUMENTATION AND APPROVALS BY
METLIFE.    Borrower shall execute a note which evidences the Indebtedness (the “Note”), a mortgage, deed to secure debt, or deed of trust to secure the Note (the “Mortgage”), an
assignment of leases (the “Assignment”), an environmental unsecured indemnity agreement (the “Environmental Indemnity Agreement”) and such other documents as MetLife deems appropriate for the Loan. In addition, the
Liable Party shall execute a guaranty to guaranty the obligations of Borrower with respect to the recourse provisions of the Loan which are set forth in Provision 5(f) of this Application (the “Guaranty”), but expressly
excluding the recourse provisions appearing in Section 5(f)(vi) of this Application. The Note, Mortgage, Assignment, and such other documentation as MetLife may require in connection with the Loan are collectively referred to as “Loan
Documents”. The Environmental Indemnity Agreement and Guaranty are not Loan Documents. The Environmental Indemnity Agreement shall survive repayment of the Loan or other termination of the Loan Documents for a period of two (2) years
so long as Borrower delivers to MetLife at the time of payoff, and MetLife has Approved in its sole discretion, a satisfactory ESA (as defined in the Closing Conditions attached hereto and made a part hereof). The Loan Documents, the Environmental
Indemnity Agreement and the Guaranty shall be in a form Approved by MetLife. Whenever reference is made in this Application or in the Closing Conditions to “MetLife’s Approval” or “Approved by MetLife”, each
term means accepted or approved in writing by an officer of MetLife. 

5.          SPECIFIC PROVISIONS IN LOAN
DOCUMENTS.    In addition to any other provisions that MetLife may require, the Note and/or Mortgage shall provide for the following: 
  

	 	(a)	 	 Late Charge and Default Interest. 

Late Charge:        4% on amounts after 7 day grace period. 

Default Interest:   4% plus Annual Interest Rate. 

Notwithstanding the foregoing, Borrower shall be entitled to notice from MetLife (not to exceed either one time during
any 12 month period or 2 times during the term of the Loan) that a payment was not received by MetLife or otherwise due under the Loan Documents, and Borrower shall have an opportunity to cure such payment default within the ten (10) day period
following the date of such notice to Borrower. In addition, Borrower shall be provided a thirty (30) day period (or additional time, not to exceed 90 days following the date of notice, if it is of a nature that cannot be cured in 30 days, so
long as Borrower is working diligently to cure same) following the date of notice to cure all non-monetary defaults. In addition, the Loan Documents shall not contain any cash management provisions or re-margining provisions. 

 

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 (b)        Prepayment
Fee.    The Loan may not be prepaid in whole or in part (except as set forth in Section 5(d) herein) at any time prior to its maturity date except as follows. During the 90 day period prior to its maturity date,
Borrower may prepay without a Prepayment Fee (as defined below) the outstanding principal balance of the Loan, accrued interest and all other sums due and payable under the Loan Documents (the “Indebtedness”) on 30 days
prior written notice to MetLife. In addition, commencing on the first day of the first month following the Prepayment Lockout Period, Borrower may prepay the Indebtedness with a Prepayment Fee, on 30 days prior written notice to MetLife. Borrower
will not have any right to prepay the Note, in whole or in part, except as may be expressly provided in the Loan Documents. If a prepayment of all or any part of the Note is made following an acceleration of the maturity date, the application of
proceeds to the principal of the Loan after a casualty or condemnation, or in connection with a purchase of the Property at a foreclosure sale, then to compensate MetLife for the loss of the investment, Borrower shall pay an amount equal to the
Prepayment Fee. Notwithstanding the foregoing, so long as Borrower makes a good faith effort to recover any Prepayment Fee which would be due as a result of a casualty or condemnation, from the insurer in the case of a casualty or from the
condemning authority, then the Prepayment Fee due as a result of the casualty or condemnation shall be waived except to the extent recovered by Borrower. The “Prepayment Fee” shall be the greater of (a) (x) the present
value of all remaining payments of principal and interest including the outstanding principal due on the maturity date, discounted at the rate which, when compounded monthly, is equivalent to the Treasury Rate plus 35 basis points (0.35%),
compounded semi-annually, less (y) the amount of the principal then outstanding (to be adjusted in the event of a partial prepayment), or (b) one percent (1%) of the amount of the Loan being prepaid. The “Treasury
Rate” shall be set forth in the Loan Documents. 

(c)        Deposits for Impositions and Insurance
Premiums.    Borrower will begin making monthly deposits of all real estate and other taxes, assessments (collectively, “Impositions”) and insurance premiums upon the occurrence of any of the
following: (i) there is a default in existence under the Loan Documents, the Guaranty or the Environmental Indemnity Agreement; (ii) Borrower no longer owns the Property; (iii) there has been a change in the Borrower or, except as
expressly permitted in the second paragraph of (d) below, there is a change in the general partners, stockholders or members of Borrower or in the constituent general partners or controlling shareholders or controlling members of any of the
entities comprising Borrower; (iv) with respect to Impositions or insurance premiums, or both, as the case may be, such deposits are required in connection with a securitization or participation of the Loan; or (v) with respect to
insurance premiums only, at any time Borrower fails to furnish MetLife, not later than thirty (30) days before the dates on which any insurance premiums would become delinquent, receipts for the payment of such insurance premiums or appropriate
proof of issuance of a new policy which continues in force the insurance coverage of the expiring policy. In the event deposits of Impositions and/or insurance premiums are required pursuant to this provision, Borrower will make monthly deposits of
all Impositions and/or insurance premiums, as applicable, in an amount equal to one-twelfth (1/12) of the annual charges for these items as reasonably estimated by MetLife until such time as Borrower has deposited an amount equal to the annual
charges for these items. The deposits shall be held by MetLife without interest being payable to Borrower and MetLife may commingle the deposits with other funds of MetLife. 

(d)        Transfers.    Borrower may not cause
or permit, directly or indirectly, (i) any part of the Property or any interest in the Property, to be conveyed, transferred, assigned, encumbered, sold or otherwise disposed of, or (ii) any change in the individual(s) comprising, or
in the partners, or stockholders, or members or beneficiaries of, or the constituent entities owning, directly or indirectly, interests in Borrower from those set forth in this Application, or (iii) any merger, reorganization, dissolution or
other change in the ownership structure of Borrower or any of the general partners or members of Borrower, including, without limitation, any conversion of the Borrower or any member or general partner of Borrower to a limited partnership, a limited
liability partnership or a limited liability company (collectively, “Transfers”), any such Transfers shall be an event of default under the Loan Documents. However, these prohibitions will not apply to transfers of ownership as a
result of the death, or in connection with estate planning, of a natural person to a spouse, son or daughter or descendant of either, or to a stepson or stepdaughter or descendant of either. Borrower shall pay all costs and expenses, including
reasonable attorney’s fees and disbursements, incurred by MetLife in connection with any transfer. 

Notwithstanding anything stated to the contrary herein, any transfers (or the pledge or encumbrance) of equity interests
or other interests in KBS REIT Properties II, LLC, or in any of the direct or indirect owners of KBS REIT Properties II, LLC (including, without limitation, KBS Limited Partnership II, KBS REIT Holdings II, LLC or KBS Real Estate Investment Trust
II, Inc.) shall not be prohibited (and shall be expressly permitted) provided that KBS Real Estate Investment Trust II, Inc. continues to own, either directly or indirectly, 100% of the ownership interests in Borrower.

  

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The Mortgage shall provide that Borrower shall have a one time right to transfer the Property (or a one-time right to transfer all of the member interests in Borrower), subject to the following
conditions: (i) there being no event of default under the Loan Documents, the Environmental Indemnity Agreement or the Guaranty at the time of the transfer, (ii) MetLife’s Approval of the transferee, (iii) the transferee shall be
able to make the ERISA representations set forth in Provision 8 of this Application, and the representations set forth in Provision 9 of this Application (iv) the cash flow, in the opinion of MetLife, derived from the Property shall be no less
than (A) 2.75x times the annual payments required under the Loan if such transfer occurs during the interest only period of the Loan, or (B) 2.10x times the annual payments required under the Loan if such transfer occurs during the
amortizing period of the Loan, (v) the loan to value ratio of the Property at the time of the transfer shall not be greater than 55% as determined by MetLife, (vi) Borrower or the transferee shall pay a fee equal to one percent
(1%) of the outstanding principal balance of the Note at the time of the assumption together with a Non-Refundable Processing Fee in the amount of $25,000, (vii) the transferee shall expressly assume the Loan Documents and the
Environmental Indemnity Agreement in a manner satisfactory to MetLife and an additional Liable Party acceptable to MetLife shall execute a Guaranty with respect to (a) the recourse provisions of the Loan Documents, including, without
limitation, those relating to environmental matters and (b) the Environmental Indemnity Agreement with respect to events arising or occurring from and after the date of the transfer, which additional Liable Party must have (in the aggregate if
more than one) a net worth acceptable to MetLife in its sole discretion (viii) the transferee must have a net worth acceptable to MetLife in it sole discretion, (ix) the transferee must be experienced in the ownership, management and
leasing of properties similar to the Property, (x) Borrower or transferee shall pay all costs and expenses incurred by MetLife in connection with the transfer, including title insurance premiums, documentation costs and reasonable
attorneys’ fees (xi) if the Loan has been securitized, MetLife shall have received confirmation that the assumption of the Loan by the transferee will not result in an adverse change in the rating of the Securities by the Rating Agency and
(xii) any provisions of the Loan Documents requiring MetLife to give Borrower notice of any monetary default shall be inapplicable to the transferee. No transfer shall release Borrower or Liable Party from their respective obligations under the
Loan Documents, the Environmental Indemnity Agreement or the Guaranty with respect to events arising or occurring prior to the date of transfer; provided, however that Borrower and Liable Party shall be released from their obligations under the Loan
Documents and the Guaranty with respect to events arising or occurring after the date of transfer; and provided, further, that Borrower shall be released from its obligations under the Environmental Indemnity Agreement two (2) years after a
transfer pursuant to this paragraph, so long as Borrower delivers to MetLife at the time of transfer, and MetLife has Approved in its sole discretion, a satisfactory ESA (as defined in the Closing Conditions). Borrower shall have the right to pay
down the Loan in order to satisfy any of the financial tests set forth above, so long as such partial prepayment shall be accompanied by the applicable Prepayment Fee. 

(e)        Secondary Financing.    Subject to
the provisions below, it will be an event of default under the Loan Documents if there is (i) any financing in addition to the Loan that is secured by a lien, security interest or other encumbrance of any part of the Property, or (ii) any
pledge or encumbrance of a partnership, member, shareholder or beneficial interest or other direct or indirect interest in Borrower (individually or collectively, “Secondary Financing”). Notwithstanding the foregoing and so long as
no event of default exists beyond any applicable notice and cure periods, the following transactions shall not be prohibited and shall be expressly permitted: 
  

	 	(i)	 KBS REIT Properties II, LLC, KBS Limited Partnership II and KBS Real Estate Investment Trust II, Inc. shall each be permitted to execute guaranties
and/or indemnity agreements for their respective subsidiaries; and 

  

	 	(ii)	 KBS Limited Partnership II and KBS Real Estate Investment Trust II, Inc. shall be permitted to obtain loans from, or incur indebtedness to any
third-party lender (each a “Secondary Loan”) and pledge their respective interests in KBS Limited Partnership II and KBS REIT Properties II, LLC as security for any such Secondary Loan so long as (A) neither Borrower nor
Borrower’s sole member’s membership interest are pledged to secure such Secondary Loan, and (B) any default under a Secondary Loan resulting in a foreclosure of the pledged interests and a transfer of such interest to the lender of
the Secondary Loan shall be deemed an event of default under the Loan Documents. 

(f)        Exculpation of Borrower.    MetLife
will look solely to the Property and the Assignment as security for the repayment of the Loan and will not enforce a deficiency judgment against Borrower except as set forth in this provision. However, nothing contained in this provision shall limit
the rights of MetLife to proceed against Borrower and/or the Liable Party (but not any of their respective constituent members or partners, direct or indirect), if any, (i) to enforce any leases

  

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entered into by Borrower, or its affiliates, as a tenant under any of the Leases; (ii) to recover damages for fraud, material misrepresentation, material breach of warranty or intentional
material physical waste; (iii) to recover any condemnation proceeds or insurance proceeds or other similar funds which have been misapplied by Borrower in violation of the Loan Documents or which, under the terms of the Loan Documents, should
have been paid to MetLife; (iv) to recover any tenant security deposits, tenant letters of credit or other deposits or fees paid to Borrower in connection with the Property or prepaid rents for a period of more than 30 days after an event of
default occurs beyond all applicable notice and cure periods; (v) to recover Rents and Profits [as defined in the Mortgage] received by Borrower after the first day of the month in which an event of default occurs beyond all applicable
notice and cure periods and prior to the date MetLife acquires title to the Property which have not been applied to the Loan or in accordance with the Loan Documents to operating and maintenance expenses of the Property; (vi) to recover solely
from Borrower (and not Liable Party with respect to this Section 5(f)(vi)) damages, costs and expenses arising from, or in connection with, the provisions of the Mortgage pertaining to hazardous materials or the Environmental Indemnity
Agreement; (vii) to recover all amounts due and payable pursuant to Sections 11.06 and 11.07 of the Mortgage [the provisions of the Mortgage which refer to out-of-pocket expenses incurred by MetLife] excluding any amount expended by
MetLife in connection with the foreclosure of the Mortgage; (viii) to recover costs and damages arising from Borrower’s failure to pay any insurance premiums or Impositions in the event Borrower is not required to deposit such amounts with
lender pursuant to Section 5(c) hereof and/or (ix) to recover damages arising from Borrower’s failure to comply with the provisions of the Mortgage pertaining to ERISA. 

This limitation of liability shall not apply and the Loan will be a recourse loan to the Borrower and to the Liable Party
(but not their respective constituent members or partners, direct or indirect) in the event that Borrower commences a voluntary bankruptcy or insolvency proceeding or is involved in a collusive involuntary bankruptcy or insolvency proceeding which
is not dismissed within 120 days of filing. 
 Notwithstanding the foregoing, the Loan shall be fully recourse
to Borrower and the Liable Party, if any, (but not their respective constituent members or partners, direct or indirect) in the event there is a voluntary Transfer or voluntary Secondary Financing except as permitted in the Loan Documents or as
otherwise Approved by MetLife. For purposes of this paragraph “Transfers” shall only refer to transfers of ownership of the Property or of ownership interests in entities directly or indirectly owning the Property. 

(g)        Transfer of Loan.    The Loan
Documents shall provide that MetLife may, at any time, sell, transfer or assign all or any portion of the Loan, and its servicing rights with respect to the Loan, grant participations in the Loan or issue mortgage pass-through certificates or other
securities evidencing a beneficial interest in the Loan in a rated or unrated public offering or private placement (the “Securities”). MetLife may forward to each purchaser, transferee, assignee, servicer, participant, investor or
prospective investor in such Securities (collectively, the “Investor”), or any “Rating Agency” rating or assigning value to such Securities, or prospective Investor all documents and information MetLife has with respect to
the Loan. Borrower and Liable Party shall provide an estoppel certificate or any other documents to the Investor or the Rating Agency as may be reasonably requested by MetLife so long as such other documents do not cause Borrower to incur any
liability, potential liability, or any cost or expense. “Rating Agency” shall mean any credit rating agency which rates or assigns values to Securities. 

(h)        Reports.    
Borrower shall deliver to MetLife in a form satisfactory to MetLife (in addition to other financial reports related to the Property which may be required) (i) an annual
ARGUS© valuation file in electronic form which includes, without limitation, a then current rent roll, all
income of the Property, all Property expenses, (ii) quarterly operating statements and rent rolls for the Property, (iii) an annual operating budget presented on a monthly basis for the upcoming one (1) year period at least fifteen
(15) days prior to the beginning of each calendar year, and (iv) annual financial statements on the Liable Party. 

6.          LEASES. 

(a)        Form of Lease.    All existing
leases and leases entered into after the Closing (the “Leases”) shall be assigned to MetLife as security for the Loan. Subject to the Leasing Guidelines below, all future Leases shall be on a standard form of lease which shall
be subject to MetLife’s Approval (i) prior to Closing, and (ii) from time to time if changes are made to the form initially provided (unless such changes are of the nature that are not materially adverse to landlord and MetLife in
which event no prior MetLife Approval shall be required) (the “Form Lease”). Leases entered into after the 
  

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Closing which are not on the standard form or which do not comply with the Leasing Guidelines (as defined below) must be Approved by MetLife. 

(b)        Leasing
Guidelines.    “Leasing Guidelines” shall mean the guidelines approved in writing by MetLife at Closing, and from time to time at the request of Borrower with the approval of MetLife, with respect to the
Leasing of the Property in accordance with Provision 6(a) above. Borrower shall not, without the express written consent of MetLife, enter into or extend any Lease unless the Lease complies with the following Leasing Guidelines, which will be
contained in the Mortgage: 
  

	 	(i)	 All Leases shall be on the standard form of lease approved by MetLife in writing and contain only such changes as are not materially adverse to
landlord or MetLife; 

  

	 	(ii)	 All Leases shall have an initial term of at least 3 years but not more than 10 years; 

 

	 	(iii)	 None of the Leases shall be for more than 50,000 square feet of net leasable area; 

 

	 	(iv)	 All Leases shall have an annual minimum net rent payable of at least $25.50 per square foot for floors 1-23, $26.50 per square foot for floors 24-40
and $27.50 per square foot for floors 41-58; each with $0.50 per square foot per annum escalations. 

  

	 	(v)	 No Leases shall be entered into if there is an event of default (beyond all applicable notice and cure periods) under any of the Loan Documents;

  

	 	(vi)	 All payments of rent, additional rent or any other amounts due from a tenant to a landlord under any Lease shall be made in money of the United
States of America that at the time of payment shall be legal tender for the payment of all obligations; and 

  

	 	(vii)	 Borrower shall not, without MetLife’s prior written consent (not to be unreasonably withheld): 

 

	 	1.	 	 Cancel or terminate any Leases exceeding 50,000 square feet of net leaseable area except in the case of a tenant default unless Borrower has entered
into new Leases covering all of the premises of the Leases being terminated or surrendered; 

  

	 	2.	 	 Modify or amend any Lease in excess of 50,000 square feet in any material way, or reduce rent for any Lease in excess of 50,000 square feet;

  

	 	3.	 	 Unless tenants remain liable under Leases, consent to an assignment of the tenant’s interest or to a subletting of the demised premises under
any Lease exceeding 50,000 square feet of net leaseable area, unless, pursuant to the terms of any such Lease, Borrower is obligated to provide such consent based upon terms existing under (1) Leases as of the Closing, (2) Leases which do
not require MetLife’s consent, or (3) Leases that are otherwise Approved by MetLife from time to time; or 

  

	 	4.	 	 Accept payment of advance rents or security deposits in an amount in excess of one month’s rent; or 

 

	 	5.	 	 Grant any options to purchase the Property; or 

  

	 	6.	 	 Agree to any lease provision obligating the landlord to indemnify the tenant for any environmental issues. 

All requests for consents hereunder shall be in writing and shall be delivered to MetLife by certified mail or overnight
delivery service. Each request for an approval of a lease must be accompanied by (a) the proposed final draft of the lease (the “Final Lease Draft”), together with (b) a redline of the proposed Final Lease Draft as
compared against the Form Lease, and (c) such request shall include the following statement on the first page in all capital letters and boldface 

 

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type: “YOUR FAILURE TO RESPOND TO BORROWER’S REQUEST FOR FINAL APPROVAL OF THE MATTER DESCRIBED HEREIN RELATING TO A LEASE AT [300 North LaSalle, Chicago, Illinois and applicable
loan number], AS SET FORTH HEREIN WITHIN FIVE (5) BUSINESS DAYS SHALL BE DEEMED TO CONSTITUTE METLIFE’S APPROVAL OF SUCH REQUEST.” If MetLife shall not have delivered a notice of approval or disapproval to the Borrower within such
five (5) business days after receipt by MetLife of said request and all other information required herein, MetLife shall be deemed to have approved such Lease. In the event substantive changes materially affecting landlord and/or MetLife’s
position as landlord or potential landlord under the lease are made to the proposed Final Lease Draft after the date such draft was delivered and approved by MetLife, Borrower shall deliver, for MetLife’s approval a copy of the latest proposed
lease draft together with a redline of the version last viewed and approved by MetLife, and such process for approval outlined in subsection (c) of this paragraph shall be followed for each such approval. A final signed version of any Lease
shall be delivered to MetLife within a reasonable time after such execution. 

Subordination.    All existing Leases with respect to which an SNDA (as defined in the
Closing Conditions) is entered into shall be subordinate to the lien of the Mortgage and shall provide that MetLife may elect to make the Lease superior to the Mortgage and to require the tenant to attorn to MetLife. After Closing, MetLife may, at
its election, provide a non-disturbance agreement to any tenant. Any tenant to whom non-disturbance is granted, either before or after Closing, shall execute MetLife’s standard form of non-disturbance agreement, with such changes as shall be
approved by MetLife, in its reasonable discretion. For any lease in accordance with the Leasing Guidelines and which does not require any changes to MetLife’s standard form of non-disturbance agreement, a fee of $1,000 shall be paid to MetLife;
and with respect to any Lease requiring MetLife’s approval or requiring changes to MetLife’s standard form of non-disturbance agreement, a fee of $3,000 shall be paid to MetLife and if MetLife elects to retain special counsel the fees of
special counsel must be paid by Borrower. 
 7.          ENVIRONMENTAL
INDEMNITY AGREEMENT.    The Environmental Indemnity Agreement will indemnify and hold MetLife harmless from any losses, costs, damages or liabilities (including without limitation, reasonable attorneys’ fees and
disbursements and/or reasonable environmental investigation costs and fees) which result from the presence of hazardous materials on or under the Property, including costs incurred in enforcement proceedings. The Environmental Indemnity
Agreement is not a Loan Document and shall survive repayment of the Loan (i) with respect to claims relating to facts and circumstances arising during Borrower’s period of ownership of the Property and (ii) for a period of two
(2) years following a repayment of Loan or transfer of the Property pursuant to the last paragraph of Section 5(d) hereof, so long as Borrower delivers to MetLife, at the payoff of the Loan or the transfer of the Property, and MetLife has
Approved in its sole discretion, a satisfactory ESA (as defined in the Closing Conditions). Notwithstanding the foregoing, the Environmental Indemnity Agreement shall survive any other termination of the Mortgage pursuant to a foreclosure, deed in
lieu of foreclosure, bankruptcy or other termination of the Mortgage related to an event of default under the Loan. 

8.          ERISA REPRESENTATIONS.    The Loan
Documents shall contain a provision in substantially the following form, effective as of the date of the Closing: 
 Borrower
hereby represents, warrants and agrees that (i) it is acting on its own behalf and that it is not an employee benefit plan as defined in Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”), which is subject to Title 1 of ERISA, nor a plan as defined in Section 4975(e)(1) of the Internal Revenue Code of 1986, as amended (each of the foregoing hereinafter referred to collectively as a
“Plan”), (ii) Borrower’s assets do not constitute “plan assets” of one or more such Plans within the meaning of Department of Labor Regulation Section 2510.3-101 and (iii) it will not be reconstituted
as a Plan or as an entity whose assets constitute “plan assets”. 

9.          REPRESENTATIONS OF BORROWER.    Borrower
represents that, and agrees to furnish MetLife on request evidence confirming that: (i) no partner, member or stockholder of Borrower is an officer or director of MetLife or is a son, daughter, mother, father or spouse of an officer or director
of MetLife; (ii) neither Borrower nor any partner, member or stockholder of Borrower is a “foreign person” in accordance with those codes and regulations relating to FIRPTA (Sections 1445 and 7701 of the Internal Revenue Code of 1986,
as amended); (iii) neither Borrower nor any partner, member or stockholder of Borrower is, and no legal or beneficial interest in a partner, member or stockholder of Borrower (but expressly excluding stockholders of KBS Real Estate Investment
Trust II, Inc. from this representation) is or will be held, directly or indirectly by persons or entities appearing on a US Treasury Office of Foreign Assets Control (“OFAC”) list, with respect to which entering into
transactions with such a person or entity would violate OFAC or any other law; (iv) the information and statements contained in this Application are true and correct in all material respects; (v) neither Borrower

  

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nor any partner, member or stockholder of Borrower has been convicted of, or been indicted for a felony criminal offense; (vi) neither Borrower nor any partner, member or stockholder of
Borrower is in default under any mortgage, deed of trust, note, loan or credit agreement; and (vii) neither Borrower nor any partner, member or stockholder of Borrower is involved in any litigation, arbitration, or other proceeding or
governmental investigation pending which if determined adversely would materially adversely affect Borrower’s ability to perform in accordance with the Loan Documents. In addition, any provision in the Loan Documents requiring Borrower to make
representations and warranties as to the environmental condition of the Property shall be qualified as to Borrower’s knowledge and based upon information contained in a recent environmental assessment report. In connection with the terms of
Provision 9(iii), the following items shall be the only items required as evidence in order to confirm the requirements therein (collectively, the “OFAC Information”): 

 

	 	(a)	 	 Borrower’s organizational chart showing the names and percentage of direct or indirect ownership of an entity or person that owns, directly or
indirectly, more than 25% of the Borrower (each, a “Compliance Party”); 

  

	 	(b)	 	 For any entities, organizational structure charts and organizational documents; 

 

	 	(c)	 	 For each Compliance Party, MetLife shall require the following information: 

 

	 	(i)	 Legal name of Compliance Party, including type of entity and place or organization; 

	 	(ii)	 Tax Identification Number; 

	 	(iii)	 Indication of whether entity is publicly traded and if so, indication of its regulator: SEC, FINRA or Federal 

Reserve 

	 	(iv)	 A description of the nature of each entities business; 

	 	(v)	 The entity’s business address or individuals personal address (no P.O. Boxes); 

	 	(vi)	 The entity’s contact name and telephone number; 

	 	(vii)	 An individuals phone number together with a valid ID upon MetLife’s request (driver’s license, green card, 

etc.) 

	 	(viii)	 A description of the entity or individuals source of funds for any equity interest. 

10.        FEES AND GOOD FAITH DEPOSIT.    The following
fees and Good Faith Deposit shall be delivered to MetLife when Borrower submits this Application: 

(a)        Non-Refundable Processing
Fee.    Funds in the amount of the Non-Refundable Processing Fee shall be wire transferred to MetLife when Borrower submits this Application; however, the Non-Refundable Processing Fee will be earned at the time MetLife
countersigns the Application, which will constitute a commitment. If agreed to by MetLife, the Non-Refundable Processing Fee may also be in the form of a cashier’s or certified check. 

(b)        Intentionally Deleted 

(c)        Good Faith Deposit.    Funds in the
amount of the Good Faith Deposit shall be wire transferred to MetLife when Borrower submits this Application. If agreed to by MetLife, the Good Faith Deposit may also be in the form of a cashier’s or certified check, or a clean irrevocable
sight draft letter of credit, issued by a bank and in a form Approved by MetLife. The Good Faith Deposit will be returned to Borrower on the date of the Closing, subject to MetLife’s right to keep the Good Faith Deposit in the circumstances
described below. Borrower agrees that the acceptance of the Good Faith Deposit does not constitute an acceptance of this Application by MetLife. If MetLife does not accept this Application, the Good Faith Deposit shall be returned to Borrower except
for any out of pocket expenses incurred by MetLife in connection with this Application or the Closing Conditions. 
 METLIFE
WILL BE ENTERING INTO CONTRACTS WITH OTHER PARTIES IN RELIANCE UPON BORROWER’S FULFILLMENT OF BORROWER’S OBLIGATIONS UNDER THIS APPLICATION, INCLUDING AGREEMENTS WITH RESPECT TO THE FIXING OF THE INTEREST RATE PRIOR TO THE FUNDING OF THE
LOAN. IF BORROWER ATTEMPTS TO REVOKE THIS APPLICATION PRIOR TO THE DATE OF ITS ACCEPTANCE BY METLIFE OR IF METLIFE ACCEPTS THIS APPLICATION, AND THE TERMS OF THIS APPLICATION AND THE CLOSING CONDITIONS ARE NOT COMPLETED OR SATISFIED BY THE
EXPIRATION DATE (AS THE SAME MAY BE EXTENDED AS PROVIDED BELOW) AS A RESULT 
  

 Page 8 

 
OF BORROWER’S FAILURE TO USE BEST EFFORTS TO FULFILL THE REQUIREMENTS OF THIS APPLICATION AND CLOSING CONDITIONS AND METLIFE DOES NOT DISBURSE THE LOAN, METLIFE SHALL BE ENTITLED (AS ITS
SOLE AND EXCLUSIVE REMEDY) TO LIQUIDATED DAMAGES IN AN AMOUNT EQUAL TO THE AMOUNT OF THE GOOD FAITH DEPOSIT. THESE LIQUIDATED DAMAGES ARE INTENDED TO COMPENSATE METLIFE FOR LOSSES SUSTAINED ON ITS OTHER CONTRACTS, TIME SPENT, LABOR AND SERVICES
PERFORMED, LOSS OF INTEREST AND ANY OTHER LOSS WHICH MIGHT BE INCURRED BY METLIFE IN CONNECTION WITH THIS TRANSACTION. BOTH PARTIES AGREE THAT METLIFE’S DAMAGES AS A RESULT OF A DEFAULT ARE NOT FULLY CAPABLE OF BEING ASCERTAINED AT THIS TIME
AND THE AMOUNT OF LIQUIDATED DAMAGES REPRESENTS BORROWER’S AND METLIFE’S BEST ESTIMATION AT THIS TIME OF THESE DAMAGES. HOWEVER, NOTHING CONTAINED IN THIS PROVISION SHALL RELEASE BORROWER FROM OR LIMIT THE LIABILITY OF BORROWER FOR THE
COSTS AND EXPENSES SET FORTH IN PROVISION 11 OF THIS APPLICATION. IN THE EVENT METLIFE FAILS TO DISBURSE THE LOAN AS A RESULT OF A METLIFE DEFAULT THEN METLIFE SHALL RETURN THE GOOD FAITH DEPOSIT (INCLUDING THE BREAK UP FEE) AND THE NON-REFUNDABLE
PROCESSING FEE TO THE BORROWER. 
 Borrower shall be deemed to have used its best efforts pursuant to this Provision 10(c)
with respect to paragraphs 6, 7 or 8 of the Closing Conditions in the event it timely sends out and diligently pursues the return of the items required under Paragraph’s 6, 7 or 8 of the Closing Conditions but is unable to deliver all such
required items within the time specified herein. 
 Notwithstanding the foregoing, (i) if the Loan does not close
because Borrower does not acquire the Property on or before the Expiration Date, other than as a result of Borrower’s default under its purchase contract or an extension of the purchase contract beyond the Expiration Date, and (ii) neither
Borrower nor any entity that directly or indirectly is owned by, or is controlling, controlled by, or under common control with, Borrower acquires an interest in the Property within six months after the Expiration Date, then the Good Faith Deposit
shall be returned less out of pocket expenses incurred by MetLife in connection with this Application or the Closing Conditions, and less the Break Up Fee on the earlier to occur of (1) the day immediately after the date that is six months
after the Expiration Date, or (2) ten days after Borrower delivers to MetLife a certificate signed by the Liable Party and stating that neither the Liable Party nor any entity directly or indirectly owned by, or is controlling, controlled by,
or under common control with, Borrower or the Liable Party will acquire an interest in the Property within six months after the Expiration Date. The “Break Up Fee” shall be equal to $875,000, and represents an amount that the parties agree
represents Borrower’s and MetLife’s best estimation at this time of MetLife’s damages, acknowledging that MetLife’s damages are not fully capable of being ascertained at this time. For purposes of clarity, notwithstanding
anything stated in this Application, so long as Borrower has used best efforts to fulfill the Requirements of this Application and the Closing Conditions by the Expiration Date then MetLife shall return the Good Faith Deposit (including the Break Up
Fee) to Borrower less out of pocket expenses incurred by MetLife in connection with this Application or the Closing Conditions. 

MetLife acknowledges and agrees that, notwithstanding the foregoing, Borrower shall not be required to spend more than $1,000,000 in the
aggregate (the “Closing Condition Cap”) with respect to any condition in this Application to the closing of the Loan whether pre-closing or post-closing. Borrower’s expenditure of such amounts up to the Closing Condition Cap,
or Borrower’s agreement to spend such amounts on a post-closing basis up to the Closing Condition Cap, shall be conclusive evidence of Borrower using its best efforts to fulfill the requirements of this Application. 

11.        EXPENSES.    Borrower shall be responsible for
payment of all fees, costs, and expenses incurred by MetLife and/or Borrower in connection with the Loan and the transactions contemplated by this Application, including without limitation all survey costs, costs of inspections and reports required
in this Application or in the Closing Conditions, appraisal fees, brokerage commissions, title charges, title insurance premiums, recording charges, architect’s, engineer’s, environmental consultant’s and reasonable attorney’s
fees and expenses, taxes and revenue stamps applicable to the Note and/or Mortgage, travel expenses of MetLife’s Architectural and Engineering Services employees and a real estate tax service contract. These expenses shall be paid by Borrower
even if MetLife does not accept this Application or, if this Application is accepted and MetLife does not disburse the Loan, unless the failure to disburse constitutes a default by MetLife. Borrower’s obligation for the expenses set forth in
this provision is in addition to its obligation to pay the Commitment Fee, Non-Refundable Processing Fee and Good Faith Deposit. Notwithstanding the foregoing, Borrower shall 

 

 Page 9 

 
have no liability for the payment of any securitization or participation cost or costs incurred at MetLife’s request in connection with any such securitization or participation. 

12.        BROKER.    Borrower represents that Broker is its
broker in connection with this Application and agrees to pay the fees of Broker. MetLife shall have no obligation for, and Borrower shall indemnify and hold MetLife harmless from, the payment of any brokerage commissions or fees of any kind and any
legal fees and/or expenses incurred by MetLife in connection with any claims for brokerage commissions or fees with respect to this Application or the Loan. Borrower acknowledges that MetLife may be affiliated with, or may have been involved in
other transactions with Broker, and Borrower agrees that it shall have no rights against MetLife or defenses to Borrower’s obligations under this Application or under the Loan Documents because of any such relationship. 

13.        PROHIBITIONS ON ASSIGNMENT.    Borrower may not
assign or otherwise transfer its rights under this Application whether voluntarily or by operation of law without MetLife’s Approval, which may be given or withheld in its sole discretion. Any assignment or transfer without MetLife’s
Approval or except as otherwise provided in this Application, any change in Borrower’s structure (if Borrower is a legal entity other than an individual), including but not limited to, a change in partners, or stockholders, or members, or
trustees or beneficiaries, or other constituent entities owning directly or indirectly interests in Borrower, without MetLife’s Approval, which may be given or withheld in its sole discretion, shall constitute a default and release MetLife from
its obligations under this Application. MetLife may, at its option, assign this Application to, or enter into co-lending arrangements with, its subsidiaries and/or affiliates. 

14.        SINGLE PURPOSE ENTITY.    Borrower shall be a single
purpose entity and the Loan Documents and its organizational documents shall provide that Borrower shall not: (i) engage in business other than owning and operating the Property; (ii) acquire or own a material asset other than the Property
and incidental personal property; (iii) maintain assets in a way difficult to segregate and identify or commingle its assets with the assets of any other person or entity; (iv) fail to hold itself out to the public as a legal entity
separate from any other; (v) fail to conduct business solely in its name or fail to maintain records, accounts or bank accounts separate from any other person or entity; (vi) file or consent to a petition pursuant to applicable bankruptcy,
insolvency, liquidation or reorganization statutes, or make an assignment for benefit of creditors without the unanimous consent of its partners or members, as applicable; (vii) obtain additional loans; (viii) dissolve, liquidate,
consolidate, merge or sell all or substantially all of its assets; or (ix) modify, amend or revise its organizational documents, without MetLife’s prior written consent, which consent shall not be unreasonably withheld or delayed.

 15.        MISCELLANEOUS. 

(a)        The rights and obligations of the parties with respect to this
Application, the Closing Conditions and any commitment resulting from the acceptance by MetLife of the offer contained in this Application, shall be determined in accordance with the laws of the state of New York. The rights and obligations of the
parties with respect to the Loan Documents, the Environmental Indemnity Agreement and the Guaranty shall be determined in accordance with the laws of the state in which the Property is located. 

(b)        All waivers of any breach or default must be in writing to be
effective. No waiver shall be deemed or construed to be a waiver of any other breach or default. The failure on the part of either party to complain of any act, or failure to act, or to declare the other party in default shall not constitute a
waiver by such party of its rights under this Application or the Closing Conditions. 

(c)        This Application and the Closing Conditions contain the entire
agreement and understanding of the parties with respect to the Loan. All prior discussions, negotiations, commitments, and understandings related to the Loan are merged into this Application and the Closing Conditions. Except for the exercise of
unilateral rights which are granted to a party under this Application or the Closing Conditions, this Application cannot be changed, modified or amended except by an instrument in writing signed by the affected party. Titles used in this Application
and the Closing Conditions are for convenience only and neither limit nor amplify their provisions. 

(d)        Time is of the essence with respect to the performance of
Borrower’s obligations contained in this Application and the Closing Conditions. 
  

 Page 10 

 (e)        In order to
expedite the transaction contemplated herein, a telecopy of, or an electronic PDF file with, signatures may be used in place of original signatures on this Application. Borrower and MetLife intend to be bound by the signatures on the telecopy or PDF
file document, are aware that the other party will rely on the telecopy or PDF file signatures, and hereby waive any defenses to the enforcement of the terms of this Application based on the form of signature. 

(f)        At Closing, all information contained in material submitted by
Borrower shall be true and correct without material, adverse change and Borrower shall so certify. Except as may be otherwise permitted by MetLife neither Borrower, nor any person or entity comprising Borrower which is a partner, member or
shareholder of Borrower, nor any liable party, nor any tenant or combination of tenants renting 10% or more of the space in the Improvements, nor any guarantor of any lease of 10% or more of the space in the Improvements shall be involved as a
debtor in a bankruptcy or reorganization proceeding. Except as may be otherwise permitted by MetLife, no part of the Property shall have been damaged and not repaired to MetLife’s satisfaction nor taken in condemnation, or involved in a pending
condemnation proceeding. 
 16.        CLOSING
CONDITIONS.    If MetLife accepts this Application, its obligations shall be conditioned upon the fulfillment by Borrower of the terms of this Application as well as each of the Closing Conditions attached as
Exhibit A. 
 17.        IRREVOCABLE
OFFER.    This Application constitutes an offer to borrow which shall be irrevocable by Borrower for a period of 40 days following the date this Application has been received by MetLife, together with the Non-Refundable
Processing Fee and the Good Faith Deposit. MetLife may accept this offer by signing in the space provided on the enclosed copy and mailing the signed copy to Borrower. If MetLife accepts this offer to borrow, this Application shall constitute a
commitment (at which time the Non-Refundable Processing Fee will be earned) that shall be binding upon Borrower and MetLife and enforceable by both parties. If MetLife does not accept this offer within this 40 day period, this Application shall be
void (except provisions that impose obligations on the Borrower even if this Application is not accepted), in which case the Good Faith Deposit and the Non-Refundable Processing Fee shall be returned to Borrower (less MetLife’s out-of-pocket
expenses) unless MetLife, having the sole option to do so, extends the period in which this Application is irrevocable and the Expiration Date for 10 days by written notice to Borrower on or before the expiration of such 40-day period; provided
MetLife may only extend the Expiration Date of this Application one time, unless additional extensions are mutually agreed upon by the Borrower and MetLife. 

[Signature Page to Mortgage Loan Application to Follow] 

 

 Page 11 

 [Signature Page to Mortgage Loan Application] 

 

									
	
Dated:7/2/2010                     
           
	 		 	 KBSII 300 NORTH LASALLE, LLC,

a Delaware limited liability company

					
		 		 		 	By:	 	 KBSII REIT ACQUISITION XIV, LLC,

		 		 		 		 	 a Delaware limited liability company,

its sole member

																	
									
		 		 		 		 		 		 	    By:	 		 	 KBS REIT PROPERTIES II, LLC,

a Delaware limited liability company,

its sole member

																					
											
		 		 		 		 		 		 		 		 		 	 By:
	 	 KBS REAL ESTATE INVESTMENT

TRUST II, INC., a Maryland corporation

general partner

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

              Charles J. Schreiber, Jr.

              Chief Executive
Officer

 MetLife hereby accepts this Application this ______ day of ________________, 2009.

 METROPOLITAN LIFE INSURANCE COMPANY, 

a New York corporation 

By:                   
                                         
                       

Print
Name:                                        
                            

Title:                  
                                         
                    
 ECOA
Notice. If this Application is not accepted by MetLife, Borrower has the right to a written statement of the specific reasons for the non-acceptance. To obtain the statement, please contact the person whose name, address and telephone number is set
forth below as Borrower’s Loan Representative, within 60 days from the date Borrower is notified of MetLife’s decision. MetLife will send to Borrower a written statement of reasons for the denial within 30 days of receiving Borrower’s
request for the statement. 
 Notice: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against
credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public
assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning this creditor is the Federal Trade Commission –
Equal Credit Opportunity – Washington, D.C. 20580. 
 USA Patriot Act Notice. In accordance with the USA Patriot
Act, notice is hereby given that MetLife intends to obtain, verify and record information related to Borrower’s identity in connection with the transaction contemplated by this Application. In connection with the foregoing, Borrower hereby
consents to MetLife seeking and obtaining information that will allow MetLife to verify Borrower’s identity including requesting identifying documents (such as in the case of an individual, a driver’s license or other identifying
documents), checking references with financial institutions and using commercially available information and databases to verify Borrower’s identity. 
  

 Page 12 

 LOAN REPRESENTATIVE: 

Theresa Kloster 

MetLife Real Estate Investments 

125 South Wacker Drive 

Suite 1100 

Chicago, IL 60606 

tkloster@metlife.com 

(312) 529-2148 
  

 Page 13 

 EXHIBIT A 

CLOSING CONDITIONS 

Following is a summary list of MetLife’s due diligence conditions. Each of the items below shall be delivered by Borrower within the
time frame set forth below and is subject to MetLife’s Approval. 
 GENERAL REQUIREMENTS 

 

	1.)	 	 Certified financial statements – for Borrower and for any Liable Party (within 7 business days after Delivery Date).

  

	2.)	 	 Certified current operating expense statement and budget for Property (within 7 business days after Delivery Date).

  

	3.)	 	 Leases – the standard form of lease and each Lease affecting the Improvements including all amendments (within 7 days after Delivery
Date). 

  

	4.)	 	 Certified Rent Roll – listing all tenants (within 7 business days after Delivery Date). 

 

	5.)	 	 MAI appraisal – from an appraiser retained by MetLife or if agreed to by MetLife retained by Borrower and Approved by MetLife. If the
appraiser is retained by Borrower then the appraisal and a letter Approved by MetLife permitting MetLife to rely on the appraisal shall be provide to MetLife (within 21 days after the Delivery Date). 

 

	6.)	 	 Tenant estoppel certificates – from all tenants leasing no less than 85% of the leased space at the Property, including all tenants
leasing in excess of 45,000 square feet (within 25 days after MetLife’s acceptance of this Application). 

  

	7.)	 	 Evidence regarding Leasing Commissions – evidence that all leasing agreements to pay leasing commissions and brokers fees between
Borrower, as landlord, and its hired leasing agents are subordinate to the Mortgage, and evidence that the management agreement and all management fees are subordinate to the Mortgage and shall not be enforced against MetLife (within 25 days after
MetLife’s acceptance of this Application). 

  

	8.)	 	 Subordination, non-disturbance and attornment agreements (“SNDA’s”) – Borrower shall use its best efforts to provide
SNDA’s from all tenants with leases exceeding 45,000 square feet at the Property (within 25 days after MetLife’s acceptance of this Application). 

ARCHITECTURAL REQUIREMENTS 
  

	1.)	 	 Plans and Specifications, Architectural Reports and Flood Zone Information. Within 7 days after delivery of the Application,
(i) 2 copies of detailed plans and specifications or a PDF electronic version and 1 paper copy, (ii) any existing reports or studies such as environmental, architectural, geotechnical, structural, mechanical, electrical, plumbing, vertical
transportation, curtain wall and construction and (iii) evidence showing that no part of the Improvements or parking areas is located within a flood zone. 

 

	2.)	 	 Property Condition Assessment (“PCA”). Borrower shall provide to MetLife within 15 days after MetLife’s acceptance of
the Application, 3 copies of the PCA and a letter Approved by MetLife permitting MetLife to rely on the PCA. MetLife shall not be obligated to disburse the Loan unless all matters disclosed by or reflected in the inspections conducted by MetLife
have been Approved by MetLife. 

  

	3.)	 	 Probable Maximum Loss Study (“PML”). The PML Study is a required component of the PCA for properties located within high
risk seismic zones defined by the Uniform Building Code to be Zones 3 and 4. This study must be conducted by a consultant Approved by MetLife and must be satisfactory to MetLife in its sole discretion. 

 

	4.)	 	 Environmental Site Assessment (“ESA”). The Real Property shall not have been used for the disposal or storage of hazardous
wastes or toxic materials or otherwise subjected to hazardous wastes or toxic materials. Borrower shall provide to MetLife within 15 days after MetLife’s acceptance of the Application, 3 copies of the ESA from an

  

 Page 1 

 
environmental consultant acceptable to MetLife and a letter Approved by MetLife permitting MetLife to rely on the ESA. Based on the findings in the ESA, MetLife may require additional
investigations and reports, including without limitation, a Phase II site investigation and environmental audit of the Real Property and the immediate surrounding area in accordance with MetLife’s guidelines. Borrower shall comply fully with
all of the requirements and recommendations set forth in the reports and if appropriate, revised reports will be obtained and forwarded to MetLife, subject to the Closing Condition Cap and the other provisions of Section 10 (c) of the
Application. 
  

	5.)	 	 Streets and Utilities. Evidence that (i) all streets adjoining the Land have been completed, dedicated and accepted for
maintenance and public use by the appropriate governmental authorities, (ii) there is access from the streets adjoining the Land to the Real Property sufficient to support the operation of the Property for its intended use, and (iii) all
utilities for the Improvements enter the Land from public streets or through valid easements Approved by MetLife. 

  

	6.)	 	 Survey and Surveyor’s Certificate. Within 21 days after acceptance of the Application by MetLife, Borrower shall provide for
MetLife’s Approval a survey and licensed surveyor’s certificate dated after completion of the Improvements and not more than 90 days prior to the Expiration Date. The survey shall be made in accordance with the 2005 Minimum Standard Detail
Requirements for ALTA/ACSM Land Title Surveys including Items from Table A thereof as required by MetLife. In addition, the survey shall show any material property specific physical matters reasonably required by MetLife.

 LEGAL REQUIREMENTS 
  

	1.)	 	 Title and Title Insurance. Borrower shall furnish a title commitment and copies of all recorded documents affecting title within 7
business days after acceptance of the Application. The Mortgage shall be a first lien on the unencumbered, marketable, fee simple absolute title to the Real Property free of any (a) mechanics’ or materialmen’s liens which are or may
become prior to the Mortgage, or (b) special assessments for work completed or under construction on the Closing date. All title exceptions and endorsements shall be subject to MetLife’s Approval. Reciprocal easement agreements, operating
covenants and all other agreements affecting the use and occupancy of the Real Property in common with others shall be subject to MetLife’s Approval. Easements which benefit the Property shall not be affected by a tax foreclosure sale of the
property through which the easements run. 

 The pro-forma title insurance policy shall be
delivered to MetLife no later than 25 days after the acceptance of the Application insuring MetLife as the holder of the Mortgage. The title policy or policies, including endorsements required by MetLife, shall be issued by a company or companies
Approved by MetLife and in a form Approved by MetLife, with reinsurance as may be required by MetLife and shall be delivered at Closing. In addition, co-insurance shall be provided for loans of more than $100,000,000. 

 

	2.)	 	 Personal Property. Borrower shall furnish MetLife with preliminary UCC searches on the Borrower and Liable Party within 21 days after
acceptance of the Application. A first priority security interest in the Personal Property shall be created by the Mortgage or such other UCC instrument as MetLife shall reasonably require and be properly perfected under applicable state law.

  

	3.)	 	 Organizational Documents and Authorizations. Within 21 days after acceptance of the Application, Borrower shall submit organizational
documents, incumbency certificates and borrowing authorizations for itself and all Liable Party. 

  

	4.)	 	 Opinions. MetLife shall be represented by counsel selected by it. At the Closing, Borrower’s counsel and, if requested by
MetLife, MetLife’s counsel, shall deliver to MetLife an opinion addressed to MetLife, which shall be subject to MetLife’s Approval, concerning the legality, validity, enforceability and binding effect of all documents required in
connection with the Loan. A draft opinion letter shall be delivered to MetLife no later than 21 days after the acceptance of the Application by MetLife. 

 

	5.)	 	 Compliance with Governmental and Other Requirements. Within 21 days after acceptance of the Application and subject to the Closing
Condition Cap and the other provisions of Section 10(c) of the Application, Borrower shall furnish for MetLife’s Approval evidence establishing that (1) the Real Property, the Improvements and their use comply with all
(a) applicable zoning, subdivision, environmental, fire safety, building and other governmental laws, ordinances, codes, regulations and orders, and (b) all applicable state and federal laws with respect to design and construction,

  

 Page 2 

 
including but not limited to the Fair Housing Act of 1968 (as amended), the Americans with Disabilities Act of 1990, and (c) all covenants, conditions or restrictions affecting the Real
Property and (2) the Property is a separate subdivided lot with a separate tax assessment and billing and (3) the zoning and/or subdivision approval is based solely on the Real Property and on no other real property. This evidence may
include, without limitation, (i) a certificate of Borrower, (ii) a certificate or certificates of occupancy, (iii) title insurance endorsements, and (iv) letters from governmental agencies. 

Borrower shall also provide such evidence and such information as may be requested by MetLife so as to ensure compliance
with the USA Patriot Act. 
 INSURANCE REQUIREMENTS 

All coverages (including, without limitation, coverage for acts of terrorism), forms, amounts, issuers, deductibles and exclusions
subject to MetLife’s Approval. As evidence of insurance, MetLife will accept insurance policies and may accept certificates evidencing such insurance policies; however MetLife will not accept certificates which do not confer rights on MetLife
as certificate holder which are satisfactory to MetLife, in its sole discretion. Additionally, in the event MetLife accepts an insurance binder as evidence of insurance, an insurance policy or certificate, satisfactory to MetLife must be submitted
to MetLife at least 10 days prior to the expiration date of the binder. MetLife’s insurance requirements are summarized below. 
  

	1.	 	 Insurance must be provided on all insurable perils. (All Risk or Special form with Replacement Cost endorsement and agreed amount endorsement
waiving all co-insurance provisions). 

  

	2.	 	 MetLife must be included as a named Mortgagee and Loss Payee on all Property policies and a named Additional Insured on all Liability
policies regardless of the terms or requirements of the Loan. 

  

	3.	 	 Insurance must be provided by an AM Best “Excellent” rated company with a financial size X ($500mm - $750mm) and for areas
with the potential for catastrophic loss (e.g. earthquake, flood) an “A” rated company with a financial size of X. 

  

	4.	 	 Cut-through endorsements are not allowed. 

Property Program: (limits/sublimits for each type of coverage must be indicated as part of evidence of insurance provided).

  

			
	 All Risk
	  	Full Replacement Cost
	 All Risk Deductible
	  	 250,000

	 Loss of Rents/Business Income
	  	 24 Months

	 Extended Period of Indemnity (“EPI”)
	  	 12 months

	 Boiler & Machinery
	  	 Full Replacement Cost

	 Ordinance and Law
	  	 Full Replacement Cost plus increase cost of construction to conform to current codes

	 Windstorm
	  	 Full Replacement Cost plus loss of rents and EPI as above and subject to deductibles as Approved by MetLife

	 Terrorism
	  	 Full Replacement Cost

	 Earthquake
	  	 Required for UBC Zones 3 and 4 in an amount otherwise Approved by MetLife plus loss of rents and EPI

	 Flood
	  	 Required except for Flood Zones B, C or X - Replacement Cost or FEMA max

	 Environmental
	  	 Required

	
	 Liability Program: (“occurrence” form with combined single limits as set
forth below):

	 General Liability
	  	 $50,000,000 total coverage

	 Auto Liability
	  	 $1,000,000 owned/hired/non-owned

	 Workers Compensation:
	  	 Statutory

  

 Page 3 

			
	 Employer’s Liability:
	  	 $1,000,000 per accident/per disease/per employee and per disease in the aggregate

		
	 Fidelity:
	  	 If Coop or Condo association - $500,000

		
	 Other:
	  	 Other insurance as may be reasonably required by MetLife against other insurable hazards

		
	 Mortgagee Designation:
	  	 Metropolitan Life Insurance Company,

		  	 its affiliates and/or successors and assigns

		  	 10 Park Avenue

		  	 Morristown, New Jersey 07962

		  	 Attention: Insurance Risk Manager

  

 
  
  

 
  

 Page 4Exhibit 10.1

 Exhibit 10.1 

EMPLOYMENT AGREEMENT 

BETWEEN 

BCB COMMUNITY BANK AND DONALD MINDIAK 

This Employment Agreement (the “Agreement”) is made effective as of the
6th day of July, 2010 (the “Effective Date”), by
and between BCB Community Bank, a New Jersey chartered bank (the “Bank”) with its principal offices at Bayonne, New Jersey, and DONALD MINDIAK (“Executive”). Any reference to the “Company” shall mean BCB Bancorp, Inc.,
or any successor thereto. 
 WHEREAS, the Bank wishes to assure itself of the continued services of Executive for the
period provided in this Agreement; and 
 WHEREAS, in order to induce Executive to remain in the employ of the Bank and
to provide further incentive for Executive to achieve the financial and performance objectives of the Bank, the parties desire to enter into this Agreement; and 

WHEREAS, the Bank desires to set forth the rights and responsibilities of Executive and the compensation payable to Executive, as
modified from time to time. 
 NOW, THEREFORE, in consideration of the mutual covenants herein contained, and upon the
other terms and conditions hereinafter provided, the parties hereby agree as follows: 
  

	1.	POSITION AND RESPONSIBILITIES 

During the term of this Agreement Executive agrees to serve as President and Chief Executive Officer of the Bank (the “Executive
Position”), and will perform all duties and will have all powers associated with such position as set forth in any job description provided to Executive by the Bank and as may be set forth in the Bylaws of the Bank. In addition, Executive shall
be responsible for establishing the business objectives, policies and strategic plans of the Bank, in conjunction with the Boards of Directors of the Bank (“Board”). During the term of the Agreement, Executive also agrees to serve, if
elected, as an officer and/or director of any subsidiary or affiliate of the Bank and in such capacity carry out such duties and responsibilities reasonably appropriate to that office. 

 

	2.	TERM AND ANNUAL REVIEW 

(a) Term. The term of this Agreement will begin as of the Effective Date and will continue for thirty-six (36) full
calendar months thereafter. Commencing on the day following execution of this Agreement, the term of this Agreement shall extend for one day each day until such time as the Board or Executive elects not to extend the term of this Agreement by giving
written notice to the other party of non-renewal (“Non-Renewal Notice”), in which case the term of this Agreement shall become fixed and shall end on the third anniversary of the date of such Non-Renewal Notice. 

 (b) Annual Review. On an annual basis, at least thirty (30) and not more
than sixty (60) days prior to each anniversary of the Effective Date, the disinterested members of the Board will conduct a comprehensive performance evaluation and review of Executive’s performance, and the results thereof will be
included in the minutes of the Board’s meeting. 
 (c) Continued Employment Following Expiration of Term.
Nothing in this Agreement shall mandate or prohibit a continuation of Executive’s employment following the expiration of the term of this Agreement, upon such terms and conditions as the Bank and Executive may mutually agree. 

 

	3.	PERFORMANCE OF DUTIES 

During the period of his employment hereunder, except for periods of absence occasioned by illness, reasonable vacation periods, and
reasonable leaves of absence, Executive will devote all of his business time, attention, skill and efforts to the faithful performance of his duties under this Agreement, including activities and duties directed by the Board. Notwithstanding the
preceding sentence, subject to the approval of the Board, Executive may serve as a member of the board of directors of business, community and charitable organizations, provided that in each case such service shall not materially interfere with the
performance of his duties under this Agreement, adversely affect the reputation of the Bank or any other affiliates of the Bank, or present any conflict of interest. Executive will present annually to the Board for its review and approval, a list of
organizations in which Executive is participating or proposes to participate. Such service to and participation in outside organizations will be presumed for these purposes to be for the benefit of the Bank, and the Bank will reimburse Executive his
reasonable expenses associated therewith, to the extent Executive’s expenses are not reimbursed by such organizations. 
  

	4.	COMPENSATION AND REIMBURSEMENT 

(a) Base Salary. In consideration of Executive’s performance of the responsibilities and duties set forth in
Section 1, the Bank will provide Executive the compensation specified in this Agreement. The Bank will pay Executive a salary of not less than $217,500 per year (“Base Salary”). Such Base Salary will be payable in accordance
with the customary payroll practices of the Bank. During the period of this Agreement, Executive’s Base Salary shall be reviewed at least annually. Such review may be conducted by the compensation committee (the “Committee”)
designated by the Board. Any change in Base Salary will become the “Base Salary” for purposes of this Agreement. 

(b) Bonus and Incentive Compensation. Executive shall be eligible to receive up to $125,000 in a performance bonus for the
first calendar year in which the Agreement takes effect, and for each calendar year thereafter Executive shall be eligible to receive up to 50% of Base Salary in a performance bonus. Payment of a performance bonus, if applicable, shall be made no
later March 15 of the calendar year immediately following the year in which the performance bonus was earned. In addition, Executive may be entitled to participate in any other incentive compensation and bonus plans or arrangements of the Bank
or the Company. Any incentive compensation will be paid in cash in accordance with the terms of such plans or arrangements, or on a discretionary basis by the Committee. Nothing paid to Executive under any such plans or arrangements will be deemed
to be in lieu of other compensation to which Executive is entitled under this Agreement. 
  

 2 

 (c) Benefit Plans. Executive will be entitled to participate in all employee
benefit plans, arrangements and perquisites offered to employees and executives of the Company or the Bank. Without limiting the generality of the foregoing provisions of this Section 4(c), Executive also will be entitled to participate in any
employee benefit plans including but not limited to, stock benefit plans, retirement plans, supplemental retirement plans, pension plans, profit-sharing plans, health-and-accident plans, or any other employee benefit plan or arrangement made
available by the Bank in the future to its senior executives and key management employees, subject to and on a basis consistent with the terms, conditions and overall administration of such plans and arrangements. 

(d) Health, Dental, Life and Disability Coverage. The Bank shall provide Executive with life, medical, dental and
disability coverage made available by the Bank to its senior executives and key management employees, subject to and on a basis consistent with the terms, conditions and overall administration of such coverage. 

(e) Vacation and Leave. Executive will be entitled to paid vacation time each year during the term of this Agreement
measured on a fiscal or calendar year basis, in accordance with the Bank’s customary practices, as well as sick leave, holidays and other paid absences in accordance with the Bank’s policies and procedures for senior executives. Any unused
paid time off during an annual period will be treated in accordance with the Bank’s personnel policies as in effect from time to time. 

(f) Expense Reimbursements. The Bank will reimburse Executive for all reasonable travel, entertainment and other reasonable
expenses incurred by Executive during the course of performing his obligations under this Agreement, including, without limitation, fees for memberships in such organizations as Executive and the Board mutually agree are necessary and appropriate in
connection with the performance of his duties under this Agreement, upon substantiation of such expenses in accordance with applicable policies and procedures of the Bank. All reimbursements pursuant to this Section 4(f) shall be paid promptly
by the Bank and in any event no later than March 15 of the year immediately following the year in which the expense was incurred. 
  

	5.	WORKING FACILITIES 

Executive’s principal place of employment will be at the Bank’s principal executive offices. The Bank will provide Executive at
his principal place of employment with a private office, secretarial and other support services and facilities suitable to his position with the Bank and necessary or appropriate in connection with the performance of his duties under this Agreement.

  

 3 

	6.	TERMINATION AND TERMINATION PAY 

Subject to Section 7 of this Agreement which governs the occurrence of a Change in Control, Executive’s employment under this
Agreement may be terminated in the following circumstances: 
 (a) Death. Executive’s employment under this
Agreement will terminate upon his death during the term of this Agreement, in which event Executive’s estate or beneficiary will receive the compensation due to Executive through the last day of the calendar month in which his death occurred,
and the Bank will continue to provide to Executive’s family for one (1) year after Executive’s death, non-taxable medical and dental coverage substantially comparable (and on substantially the same terms and conditions) to the
coverage maintained by the Bank for Executive and his family immediately prior to Executive’s death. 
 (b)
Retirement. This Agreement will terminate upon Executive’s “Retirement” under the retirement benefit plan or plans of the Bank in which he participates. Executive will not be entitled to the termination benefits specified
in Section 6 or 7 hereof in the event of termination due to Retirement. For purposes of this Agreement, termination of Executive’s employment based on Retirement shall include termination of Executive’s employment by the Board for any
reason after Executive attains the age of sixty-five (65) or in accordance with any retirement arrangement established by the Board with Executive’s consent. 

(c) Disability. 
  

	 	(i)	Termination of Executive’s employment based on “Disability” shall mean termination because of any permanent and totally physical or mental impairment
that restricts Executive from performing all the essential functions of normal employment. A determination as to whether Executive has suffered a Disability shall be made by the Board with objective medical input. In the event of termination due to
Disability, Executive will be entitled to disability benefits, if any, provided under a long term disability plan sponsored by the Bank, if any. 

  

	 	(ii)	In the event the Board determines that Executive is Disabled, Executive will no longer be obligated to perform services under this Agreement. Upon Executive’s
termination due to Disability, the Bank will cause to continue to provide to Executive, life insurance and non-taxable medical and dental coverage substantially comparable (and on substantially the same terms and conditions) to the coverage
maintained by the Company or the Bank for Executive immediately prior to his termination for Disability. This coverage shall cease upon the earlier of (i) three (3) years from the date of termination, or (ii) the date Executive
becomes eligible for Medicare coverage; provided further that if Executive is covered by family coverage or coverage for self and spouse, then Executive’s family or spouse shall continue to be covered for the remainder of the three
(3) year period, or in the case of the spouse, until the spouse becomes eligible for Medicare coverage or obtains health care coverage elsewhere, whichever period is less. 

 

 4 

 (d) Termination for Cause. 

 

	 	(i)	The Board may by written notice to Executive in the form and manner specified in this paragraph, immediately terminate his employment at any time for “Cause.”
Executive shall have no right to receive compensation or other benefits for any period after termination for Cause, except for already vested benefits. Termination for Cause shall mean termination because of, in the good faith determination of the
Board, Executive’s: 

  

	 	(1)	material act of dishonesty in performing Executive’s duties on behalf of the Bank; 

 

	 	(2)	willful misconduct that in the judgment of the Board will likely cause economic damage to the Bank or injury to the business reputation of the Bank;

  

	 	(3)	incompetence (in determining incompetence, the acts or omissions shall be measured against standards generally prevailing in the savings institutions industry);

  

	 	(4)	breach of fiduciary duty involving personal profit; 

  

	 	(5)	intentional failure to perform stated duties under this Agreement after written notice thereof from the Board; 

 

	 	(6)	willful violation of any law, rule or regulation (other than traffic violations or similar offenses) that reflect adversely on the reputation of the Bank, any felony
conviction, any violation of law involving moral turpitude, or any violation of a final cease-and-desist order; or 

  

	 	(7)	material breach by Executive of any provision of this Agreement. 

  

	 	(ii)	Notwithstanding the foregoing, prior to a Change in Control, Executive’s termination for Cause will not become effective unless the Board has delivered to
Executive a copy of a notice of termination in accordance with Section 8(a) hereof. Following a Change in Control, Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a notice
of termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than a majority of the disinterested members of the Board that Executive was guilty of the conduct described above and specifying the
particulars of such conduct. 

  

 5 

 (e) Voluntary Termination by Executive. In addition to his other rights to
terminate his employment under this Agreement, Executive may voluntarily terminate employment during the term of this Agreement upon at least sixty (60) days prior written notice to the Board. Upon Executive’s voluntary termination, he
will receive only his compensation and vested rights and benefits to the date of his termination. Following his voluntary termination of employment under this Section 6(e), Executive will be subject to the restrictions set forth in Sections
9(a) and 9(b) of this Agreement. 
 (f) Termination Without Cause or With Good Reason. 

 

	 	(i)	The Board may, by written notice to Executive, immediately terminate his employment at any time for a reason other than Cause (a termination “Without Cause”),
and Executive may, by written notice to the Board, terminate this Agreement at any time within ninety (90) days following an event constituting “Good Reason,” as defined below (a termination “With Good Reason”); provided,
however, that the Bank shall have thirty (30) days to cure the “Good Reason” condition, but the Bank may waive its right to cure. Any termination of Executive’s employment, other than Termination for Cause shall have no effect on
or prejudice the vested rights of Executive under the Bank’s qualified or non-qualified retirement, pension, savings, thrift, profit-sharing or stock bonus plans, group life, health (including hospitalization, medical and major medical),
dental, accident and long term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant. 

 

	 	(ii)	In the event of termination under this Section 6(f), the Bank shall pay Executive, or in the event of Executive’s subsequent death, Executive’s
beneficiary or estate, as the case may be, as severance pay, a cash lump sum payment equal to three (3) times the sum of (i) the average annualized Base Salary paid to Executive during the three (3) years prior to Executive’s
date of termination or such fewer number of years Executive has been employed by the Bank, and (ii) the average rate of bonus paid to Executive during the three (3) years prior to Executive’s date of termination or such fewer number
of years Executive has been employed by the Bank. Such payment shall be payable within thirty (30) days following Executive’s date of termination, and will be subject to applicable withholding taxes. 

 

	 	(iii)	In addition, the Bank will continue to provide to Executive, life insurance coverage and non-taxable medical and dental insurance coverage substantially comparable (and
on substantially the same terms and conditions) to the coverage maintained by the Bank for Executive immediately prior to his termination. Such life insurance coverage and non-taxable medical and dental insurance coverage shall cease upon the
earlier of (i) the date which is three (3) years from the date of termination, or (ii) with respect to each such coverage (e.g., life insurance, medical and/or dental coverage), the date on which such coverage is made available to the
Executive through subsequent employment. 

  

 6 

	 	(iv)	“Good Reason” exists if, without Executive’s express written consent, any of the following occurs: 

 

	 	(1)	a failure to elect or reelect or to appoint or reappoint Executive to Executive Position; 

 

	 	(2)	a material change in Executive’s position to become one of lesser responsibility, importance, or scope from the position and attributes thereof described in
Section 1 above; 

  

	 	(3)	a liquidation or dissolution of the Bank other than liquidations or dissolutions that are caused by reorganizations that do not negatively affect the status of
Executive; 

  

	 	(4)	a material reduction in Executive’s Base Salary or benefits provided in this Agreement (other than a reduction authorized under Section 4(a), hereof or a
reduction or elimination of Executive’s benefits under one or more benefit plans maintained by the Bank as part of a good faith, overall reduction or elimination of such plans or benefits applicable to all participants in a manner that does not
discriminate against Executive (except as such discrimination may be necessary to comply with applicable law)); 

  

	 	(5)	a relocation of Executive’s principal place of employment by more than twenty-five (25) miles from its location as of the date of this Agreement; or

  

	 	(6)	a material breach of this Agreement by the Bank. 

(g) Termination and Board Membership. To the extent Executive is a member of the board of directors of the Company, the
Bank or any of their affiliates on the date of termination of employment with the Bank (other than a termination due to Retirement), Executive will resign from all of the boards of directors immediately following such termination of employment with
the Bank. Executive will be obligated to tender this resignation regardless of the method or manner of termination (other than termination due to Retirement), and such resignation will not be conditioned upon any event or payment. 

 

	7.	CHANGE IN CONTROL 

 (a)
Change in Control Defined. For purposes of this Agreement, a “Change in Control” shall mean (i) a change in the ownership of the Company or Bank, (ii) a change in the effective control of the Company or Bank, or
(iii) a change in the ownership of a substantial portion of the assets of the Company or Bank, as described below. 
  

 7 

	 	(i)	A change in the ownership of a corporation occurs on the date that any one person, or more than one person acting as a group (as defined in Treasury Regulation
1.409A-3(i)(5)(v)(B)), acquires ownership of stock of the Company or Bank that, together with stock held by such person or group, constitutes more than 50 percent of the total fair market value or total voting power of the stock of such corporation.
For these purposes, a change in ownership will not be deemed to have occurred if no stock of the Company or Bank is outstanding. 

  

	 	(ii)	A change in the effective control of the Company or Bank occurs on the date that either (i) any one person, or more than one person acting as a group (as defined
in Treasury Regulation 1.409A-3(i)(5)(vi)(D)) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Company or Bank possessing 30 percent or more
of the total voting power of the stock of the Company or Bank, or (ii) a majority of the members of the Company’s or Bank’s board of directors is replaced during any 12-month period by directors whose appointment or election is not
endorsed by a majority of the members of the Company’s or Bank’s board of directors prior to the date of the appointment or election, provided that this subsection “(ii)” is inapplicable where a majority shareholder of the
Company or Bank is another corporation. 

  

	 	(iii)	A change in a substantial portion of the Company’s or Bank’s assets occurs on the date that any one person or more than one person acting as a group (as
defined in Treasury Regulation 1.409A-3(i)(5)(vii)(C)) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the Company or Bank that have a total gross fair
market value equal to or more than 40 percent of the total gross fair market value of (i) all of the assets of the Company or Bank, or (ii) the value of the assets being disposed of, either of which is determined without regard to any
liabilities associated with such assets. For all purposes hereunder, the definition of Change in Control shall be construed to be consistent with the requirements of Treasury Regulation 1.409A-3(i)(5), except to the extent that such regulations are
superseded by subsequent guidance. 

 (b) Change In Control Benefits. Upon the occurrence of a Change
in Control, the Bank shall pay Executive a lump-sum cash payment equal to three (3) times the sum of (i) the average annualized Base Salary paid to Executive during the three (3) years prior to the Change in Control or such fewer
number of years Executive has been employed with the Bank, and (ii) the average rate of bonus paid to Executive during the three (3) years prior to the Change in Control or such fewer number of years Executive has been employed with the
Bank. Such payment shall be payable within thirty (30) days following the date of the Change in Control, and will be subject to all applicable withholding taxes. Notwithstanding the foregoing, the cash payment made pursuant to this
Section 7(b) shall be made in lieu of any cash payments that are subsequently triggered pursuant to Section 6(f)(ii) hereof. 
  

 8 

 (c) 280G Cutback. Notwithstanding anything in this Agreement to the contrary,
in no event shall the aggregate payments or benefits to be made or afforded to Executive under this Agreement, either as a stand-alone benefit or when aggregated with other payments to, or for the benefit of, Executive that are contingent on a
Change in Control, constitute an “excess parachute payment” under Section 280G of the Internal Revenue Code (“Code”) or any successor thereto, and in order to avoid such a result, Executive’s benefits hereunder shall be
reduced, if necessary, to an amount, the value of which is one dollar ($1.00) less than an amount equal to three (3) times Executive’s “base amount,” as determined in accordance with Code Section 280G. In the event a
reduction is necessary, the cash severance payable pursuant to this Section 7 hereof shall be reduced by the minimum amount necessary to result in no portion of the payments and benefits payable by the Bank under this Section 7 being
non-deductible pursuant to Code Section 280G and subject to excise tax imposed under Code Section 4999. 
  

	8.	NOTICE 

 (a) Notice
of Termination. A “notice of termination” shall mean a written notice which shall indicate the specific termination provision in this Agreement relied upon as a basis for termination of Executive’s employment. 

(b) Date of Termination. “Date of termination” shall mean (i) if Executive’s employment is terminated
for Disability, thirty (30) days after a notice of termination is given (provided that he shall not have returned to the performance of his duties on a full-time basis during such thirty (30) day period), (ii) if Executive terminates
employment With Good Reason, thirty (30) days after a notice of termination is given, or (iii) if Executive’s employment is terminated for any other reason, the date specified in the notice of termination. 

(c) Good Faith Resolution. If the party receiving a notice of termination desires to dispute or contest the basis or
reasons for termination, the party receiving the notice of termination must notify the other party within twenty (20) days after receiving the notice of termination that such a dispute exists, and shall pursue the resolution of such dispute in
good faith and with reasonable diligence pursuant to Section 17 of this Agreement. During the twenty (20) days after receiving notice of termination and during the pendency of any such dispute, the Bank shall not be obligated to pay
Executive compensation or other payments beyond the date of termination. Any amounts paid to Executive upon resolution of such dispute under this Section shall be offset against or reduce any other amounts due under this Agreement. 

 

	9.	POST-TERMINATION OBLIGATIONS/NON-COMPETE 

(a) Non-Solicitation/Non-Compete. Executive hereby covenants and agrees that, for a period of one (1) year following
his termination of employment with Bank (other than a termination of employment following a Change in Control), he shall not, without the written consent of Bank, either directly or indirectly: 

 

	 	(i)	 solicit, offer employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the
effect of causing any officer or employee of the Bank, or any of its respective subsidiaries or affiliates, to terminate his employment and 

 

 9 

	 	 
accept employment or become affiliated with, or provide services for compensation in any capacity whatsoever to, any business whatsoever that competes with the business of the Bank, or any of
their direct or indirect subsidiaries or affiliates, that has headquarters or offices within twenty-five (25) miles of any location(s) in which the Bank has business operations or has filed an application for regulatory approval to establish an
office; 

  

	 	(ii)	become an officer, employee, consultant, director, independent contractor, agent, joint venturer, partner or trustee of any savings bank, savings and loan association,
savings and loan holding company, credit union, bank or bank holding company, insurance company or agency, any mortgage or loan broker or any other entity that competes with the business of the Bank or any of their direct or indirect subsidiaries or
affiliates, that: (i) has a headquarters within twenty-five (25) miles of any location(s) in which the Bank has business operations or has filed an application for regulatory approval to establish an office (the “Restricted
Territory”) or (ii) has one or more offices, but is not headquartered, within the Restricted Territory, but in the latter case, only if Executive would be employed, conduct business or have other responsibilities or duties within the
Restricted Territory; or 

  

	 	(iii)	solicit, provide any information, advice or recommendation or take any other action intended (or that a reasonable person acting in like circumstances would expect) to
have the effect of causing any customer of the Bank to terminate an existing business or commercial relationship with the Bank. 

(b) Confidentiality. Executive recognizes and acknowledges that the knowledge of the business activities, plans for
business activities, and all other proprietary information of the Bank, as it may exist from time to time, are valuable, special and unique assets of the business of the Bank. Executive will not, during or after the term of his employment, disclose
any knowledge of the past, present, planned or considered business activities or any other similar proprietary information of the Bank to any person, firm, corporation, or other entity for any reason or purpose whatsoever unless expressly authorized
by the Board or required by law. Notwithstanding the foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and
activities of the Bank. Further, Executive may disclose information regarding the business activities of the Bank to any bank regulator having regulatory jurisdiction over the activities of the Bank pursuant to a formal regulatory request. In the
event of a breach or threatened breach by Executive of the provisions of this Section, the Bank will be entitled to an injunction restraining Executive from disclosing, in whole or in part, the knowledge of the past, present, planned or considered
business activities of the Bank or any other similar proprietary information, or from rendering any services to any person, firm, corporation, or other entity to whom such knowledge, in whole or in part, has been disclosed or is threatened to be
disclosed. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to the Bank for such breach or threatened breach, including the recovery of damages from Executive. 

 

 10 

 (c) Information/Cooperation. Executive shall, upon reasonable notice, furnish
such information and assistance to the Bank as may be reasonably required by the Bank, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; provided, however, that Executive shall not be
required to provide information or assistance with respect to any litigation between Executive and the Bank or any other subsidiaries or affiliates. 

(d) Reliance. All payments and benefits to Executive under this Agreement shall be subject to Executive’s compliance
with this Section 9, to the extent applicable. The parties hereto, recognizing that irreparable injury will result to the Bank, its business and property in the event of Executive’s breach of this Section 9, agree that, in the event
of any such breach by Executive, the Bank will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive and all persons acting for or with Executive. Executive represents
and admits that Executive’s experience and capabilities are such that Executive can obtain employment in a business engaged in other lines of business than the Bank, and that the enforcement of a remedy by way of injunction will not prevent
Executive from earning a livelihood. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to them for such breach or threatened breach, including the recovery of damages from Executive. 

 

	10.	SOURCE OF PAYMENTS/RELEASE 

(a) All payments provided in this Agreement shall be timely paid in cash or check from the general funds of the Bank. 

(b) Notwithstanding anything to the contrary in this Agreement, Executive shall not be entitled to any payments or benefits under
Section 6 of this Agreement unless and until Executive executes an unconditional release of any claims against the Company, the Bank, and their affiliates, including their officers, directors, successors and assigns, releasing said persons from
any and all claims, rights, demands, causes of action, suits, arbitrations or grievances relating to the employment relationship other than claims for benefits under tax-qualified plans or other benefit plans in which Executive is vested, claims for
benefits required by applicable law or claims with respect to obligations set forth in this Agreement that survive the termination of this Agreement. 
  

	11.	REQUIRED REGULATORY PROVISIONS 

(a) Notwithstanding anything herein contained to the contrary, any payments to Executive by the Bank whether pursuant to this
Agreement or otherwise, are subject to and conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. Section 1828(k), and the regulations promulgated thereunder in 12 C.F.R. Part 359.

 (b) Notwithstanding anything else in this Agreement to the contrary, Executive’s employment shall not be deemed
to have been terminated unless and until Executive has a Separation from Service within the meaning of Code Section 409A. For purposes of this Agreement, a “Separation from Service” shall have occurred if the Bank and Executive

  

 11 

 
reasonably anticipate that either no further services will be performed by Executive after the date of the termination (whether as an employee or as an independent contractor) or the level of
further services performed is less than 50% of the average level of bona fide services in the thirty-six (36) months immediately preceding the termination. For all purposes hereunder, the definition of Separation from Service shall be
interpreted consistent with Treasury Regulation Section 1.409A-1(h)(ii). 
 (c) Notwithstanding the foregoing, in
the event the Executive is a Specified Employee (as defined herein), then, solely, to the extent required to avoid penalties under Code Section 409A, the Executive’s payments shall be delayed until the first day of the seventh month
following the Executive’s Separation from Service. A “Specified Employee” shall be interpreted to comply with Code Section 409A and shall mean a key employee within the meaning of Code Section 416(i) (without regard to
paragraph 5 thereof), but an individual shall be a “Specified Employee” only if the Bank or Company is or becomes a publicly traded company. 
  

	12.	NO ATTACHMENT 

 Except as
required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale, assignment, encumbrance, charge, pledge, or hypothecation, or to execution, attachment, levy, or similar process or
assignment by operation of law, and any attempt, voluntary or involuntary, to effect any such action shall be null, void, and of no effect. 
  

	13.	ENTIRE AGREEMENT; MODIFICATION AND WAIVER 

(a) This Agreement contains the entire agreement of the parties relating to the subject matter hereof, and supersedes in its
entirety any and all prior agreements, understandings or representations relating to the subject matter hereof, except that the parties acknowledge that this Agreement shall not affect any of the rights and obligations of the parties under any
agreement or plan entered into with or by the Bank pursuant to which Executive may receive compensation or benefits except as set forth in Section 6(d) hereof. 

(b) This Agreement may not be modified or amended except by an instrument in writing signed by each of the parties hereto.

 (c) No term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel
against the enforcement of any provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall be deemed a continuing waiver unless specifically stated therein, and each such
waiver shall operate only as to the specific term or condition waived and shall not constitute a waiver of such term or condition for the future as to any act other than that specifically waived. 

 

	14.	SEVERABILITY 

 If, for any
reason, any provision of this Agreement, or any part of any provision, is held invalid, such invalidity shall not affect any other provision of this Agreement or any part of such provision not held so invalid, and each such other provision and part
thereof shall to the full extent consistent with law continue in full force and effect. 
  

 12 

	15.	HEADINGS FOR REFERENCE ONLY 

The headings of sections and paragraphs herein are included solely for convenience of reference and shall not control the meaning or
interpretation of any of the provisions of this Agreement. 
  

	16.	GOVERNING LAW 

 This
Agreement shall be governed by the laws of the State of New Jersey, but only to the extent not superseded by federal law. 
  

	17.	ARBITRATION 

 Any dispute
or controversy arising under or in connection with this Agreement shall be settled exclusively by binding arbitration, as an alternative to civil litigation and without any trial by jury to resolve such claims, conducted by a single arbitrator
mutually acceptable to the Bank and Executive, sitting in a location selected by the Bank within twenty-five (25) miles from the main office of the Bank, in accordance with the rules of the American Arbitration Association’s National Rules
for the Resolution of Employment Disputes then in effect. Judgment may be entered on the arbitrator’s award in any court having jurisdiction. 
  

	18.	PAYMENT OF LEGAL FEES 

 To
the extent that such payment(s) may be made without triggering penalty under Code Section 409A, all reasonable legal fees paid or incurred by Executive pursuant to any dispute or question of interpretation relating to this Agreement shall be
paid or reimbursed by the Bank, provided that (i) the dispute or interpretation has been settled by Executive and the Bank or resolved in Executive’s favor, (ii) Executive has provided prior written notice to the Bank of his intention
to retain counsel and the name of counsel, and (iii) such reimbursement shall occur no later than sixty (60) days after the end of the year in which the dispute is settled or resolved in Executive’s favor. 

 

	19.	INDEMNIFICATION 

 (a)
Indemnification. The Bank agrees to indemnify Executive (and his heirs, executors, and administrators), and to advance expenses related to this indemnification, to the fullest extent permitted under applicable law and regulations against
any and all expenses and liabilities that Executive reasonably incurs in connection with or arising out of any action, suit, or proceeding in which he may be involved by reason of his service as a director or officer of the Bank or any other
affiliates (whether or not he continues to be a director or officer at the time of incurring any such expenses or liabilities). Covered expenses and liabilities include, but are not limited to, judgments, court costs, and attorneys’ fees and
the costs of reasonable settlements, subject to Board approval, if the action is brought against Executive in his capacity as an officer or director of the Bank. Indemnification for expenses will not extend to matters related to Executive’s
termination for Cause. Notwithstanding anything in this Section 19 to the contrary, the Bank will not be required to provide indemnification prohibited by applicable law or regulation. The obligations of this Section 19 will survive the
term of this Agreement for a period of six (6) years. 
  

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 (b) Insurance. During the period for which the Bank must indemnify Executive,
the Bank will provide Executive with coverage under a directors’ and officers’ liability policy at the Bank’s expense, that is at least equivalent to the coverage provided to directors and senior executives of the Bank. 

 

	20.	SUCCESSORS AND ASSIGNS 

The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or
substantially all the business or assets of the Bank, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Agreement, in the same manner and to the same extent that the Bank would be required to perform
if no such succession or assignment had taken place. 
 [Signature Page to Follow] 

 

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 SIGNATURES 

IN WITNESS WHEREOF, the parties hereto have duly executed this Agreement on the dates set forth below. 

 

									
		 		 	BCB COMMUNITY BANK
				
	July 6, 2010	 		 	By:	 	 /s/ Mark Hogan

	Date	 		 		 	Name	 	Mark Hogan
		 		 		 	Title	 	Chairman of the Board
			
		 		 	EXECUTIVE
				
	July 6, 2010	 		 	By:	 	 /s/ Donald Mindiak

	Date	 		 		 	Donald Mindiak

  

 15

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