Document:

Limited Guaranty

 Exhibit 10.7 

Loan No. 1002012 
 LIMITED
GUARANTY 
 (Secured Loan) 

THIS LIMITED GUARANTY (“Guaranty”) is made as of April 30, 2010, by KBS REIT PROPERTIES II, LLC, a Delaware limited
liability company (“Guarantor”), in favor of WELLS FARGO BANK, NATIONAL ASSOCIATION (“Administrative Agent”), as administrative agent for itself and the Lenders from time to time a party to the Loan Agreement
(defined below). 
 R E C I T A L S 
  

	A.	 KBSII 350 Plumeria, LLC, a Delaware limited liability company, KBSII Mountain View, LLC, a Delaware limited liability company, KBSII One Main Place, LLC, a
Delaware limited liability company and KBSII Pierre Laclede Center, LLC, a Delaware limited liability company (collectively, the “Borrowers”), Administrative Agent and Lenders have entered into a Loan Agreement (the “Loan
Agreement”) whereby Administrative Agent and Lenders have agreed to loan to Borrowers, and Borrowers have agreed to borrow from Administrative Agent and Lender the original principal amount of up to $100,000,000 (the
“Loan”). 

  

	B.	 The Loan is evidenced by a Secured Promissory Note in the principal amount of One Hundred Million Dollars ($100,000,000) (as the same may be amended, modified
or replaced from time to time, the “Note”) executed by Borrowers in favor of Wells Fargo Bank, National Association, and is further evidenced by the documents described in the Loan Agreement as the “Loan Documents”.
The Note is secured by, among other things, the Security Documents. All capitalized terms not otherwise defined herein shall have the meanings given to them in the Loan Agreement. 

 

	C.	 Guarantor is the direct or indirect owner of each of the Borrowers and will benefit from the Loan Agreement. 

THEREFORE, to induce Administrative Agent and Lenders to enter into the Loan Agreement, and in consideration thereof, Guarantor unconditionally,
absolutely and irrevocably guarantees and agrees as follows: 
  

	1.	 GUARANTY.    Upon the occurrence of any event referred to in Section 11.1(f)(i) (provided, that, for purposes of
this Guaranty, the 60-day time period for dismissal referred to in Section 11.1(f)(i) shall be increased to 120 days) or Section 11.1(g) of the Loan Agreement, Guarantor guarantees and promises to pay to Administrative Agent,
or order, on demand, in lawful money of the United States, in immediately available funds, the entire principal sum which is now or hereafter due and owing under the Note or any of the other Loan Documents, together with interest and any other sums
payable under the Note. Guarantor further guarantees and promises to pay to Administrative Agent, or order, on demand, in lawful money of the United States, in immediately available funds, and to defend, indemnify and hold harmless Administrative
Agent and Lenders, their directors, officers, employees, successors and assigns from and against all losses, damages, liabilities, claims, actions, judgments, court costs and legal and other expenses (including, without limitation, attorneys’
fees and expenses) which Administrative Agent or any Lender may incur as a direct or indirect consequence of (a) fraud or willful misrepresentation by any Borrower, Guarantor, the Manager, KBS Real Estate Investment Trust II, Inc. (“KBS
REIT”), or any other Affiliate of Guarantor or KBS REIT (collectively, “Borrower or its Affiliate”); (b) intentional physical waste of any real property constituting collateral for the Loan (each a
“Property” and, together, the “Properties”) by any Borrower or its Affiliate; (c) intentional 

  

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	    	 misapplication or misappropriation by any Borrower or its Affiliate of (i) proceeds paid under any insurance policy by reason of damage, loss or
destruction affecting any portion of a Property, or (ii) any proceeds or awards resulting from condemnation of all or any part of a Property or any deed given in lieu thereof; (d) intentional misapplication or misappropriation by any
Borrower or its Affiliate of rents received after receipt by any Borrower of any notice of default, foreclosure or the exercise of the power of sale under any Security Document or any other remedies by Administrative Agent upon a default by any
Borrower; (e) intentional misappropriation or misapplication by any Borrower or its Affiliate of any funds disbursed to any Borrower from any Account; or (f) any Borrower’s breach of the covenants set forth in
Section 9.17(a) of the Loan Agreement. 

  

	2.	 REMEDIES.    If Guarantor fails to promptly perform its obligations under this Guaranty, Administrative Agent may from time
to time, and without first requiring performance by Borrowers or exhausting any or all security for the Loan, bring any action at law or in equity or both to compel Guarantor to perform its obligations hereunder, and to collect in any such action
compensation for all loss, cost, damage, injury and expense sustained or incurred by Administrative Agent and/or Lenders as a direct or indirect consequence of the failure of Guarantor to perform its obligations hereunder, together with interest
thereon at the rate of interest applicable to the principal balance of the Note. 

  

	3.	 RIGHTS OF ADMINISTRATIVE AGENT.    Guarantor authorizes Administrative Agent, without giving notice to Guarantor or
obtaining Guarantor’s consent and without affecting the liability of Guarantor, from time to time to: (a) renew or extend all or any portion of Borrowers’ obligations under the Note or any of the other Loan Documents; (b) declare
all sums owing to any Lender under the Note and the other Loan Documents due and payable upon the occurrence of a Default (as defined in the Loan Agreement) under the Loan Documents; (c) make non-material changes in the dates specified for
payments of any sums payable in periodic installments under the Note or any of the other Loan Documents; (d) otherwise modify the terms of any of the Loan Documents, except for (i) increases in the principal amount of the Note or changes
in the manner by which interest rates, fees or charges are calculated under the Note and the other Loan Documents (Guarantor acknowledges that if the Note or other Loan Documents so provide, said interest rates, fees and charges may vary from time
to time) or (ii) advancement of the Maturity Date of the Note where no Default has occurred under the Loan Documents; (e) take and hold security for the performance of Borrowers’ obligations under the Note or the other Loan Documents
and exchange, enforce, waive and release any such security; (f) apply such security and direct the order or manner of sale thereof as Administrative Agent in its discretion may determine; (g) release, substitute or add any one or more
endorsers of the Note or guarantors of Borrowers’ obligations under the Note or the other Loan Documents; (h) apply payments received by Administrative Agent from Borrowers to any obligations of Borrowers to Administrative Agent, in such
order as Administrative Agent shall determine in its sole discretion, whether or not any such obligations are covered by this Guaranty; (i) assign this Guaranty in whole or in part; and (j) assign, transfer or negotiate all or any part of
the indebtedness evidenced by the Note and the other Loan Documents. 

  

	4.	 GUARANTOR’S WAIVERS.  Guarantor waives: (a) any defense based upon any legal disability or other defense of any Borrower,
any other guarantor or other person, or by reason of the cessation or limitation of the liability of Borrowers from any cause other than full payment of all sums payable under the Note or any of the other Loan Documents; (b) any defense based
upon any lack of authority of the officers, directors, partners or agents acting or purporting to act on behalf of any Borrower or any principal of any Borrower or any defect in the formation of any Borrower or any principal of any Borrower;
(c) any defense based upon the application by any Borrower of the proceeds of the Loan for purposes other than the purposes represented by any Borrower to Administrative Agent or intended or understood by Administrative Agent or Guarantor;
(d) any right and defense arising out of an election of remedies by Administrative 

  

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	    	 Agent, even though that election of remedies, such as a nonjudicial foreclosure with respect to security for a guaranteed obligation, has destroyed
Guarantor’s rights of subrogation and reimbursement against any Borrower by the operation of Section 580d of the California Code of Civil Procedure or otherwise; (e) any defense based upon Administrative Agent’s failure to
disclose to Guarantor any information concerning any Borrower’s financial condition or any other circumstances bearing on any Borrower’s ability to pay all sums payable under the Note or any of the other Loan Documents; (f) any
defense based upon any statute or rule of law which provides that the obligation of a surety must be neither larger in amount nor in any other respects more burdensome than that of a principal; (g) any defense based upon Administrative
Agent’s election, in any proceeding instituted under the Federal Bankruptcy Code, of the application of Section 1111(b)(2) of the Federal Bankruptcy Code or any successor statute; (h) any defense based upon any borrowing or any grant
of a security interest under Section 364 of the Federal Bankruptcy Code; (i) any right of subrogation, any right to enforce any remedy which Administrative Agent may have against any Borrower and any right to participate in, or benefit
from, any security for the Note or the other Loan Documents now or hereafter held by Administrative Agent; (j) presentment, demand, protest and notice of any kind; (k) the benefit of any statute of limitations affecting the liability of
Guarantor hereunder or the enforcement hereof; and (l) any rights under California Code of Civil Procedure Sections 580a and 726(b), which provide, among other things, that (i) a creditor must file a complaint for deficiency within three
(3) months of a nonjudicial foreclosure sale or judicial foreclosure sale, as applicable, (ii) a fair market value hearing must be held, and (iii) the amount of the deficiency judgment shall be limited to the amount by which the
unpaid debt exceeds the fair market value of the security, but not more than the amount by which the unpaid debt exceeds the sale price of the security . Guarantor further waives any and all rights and defenses that Guarantor may have because
Borrowers’ debt is secured by real property; this means, among other things, that: (1) Administrative Agent may collect from Guarantor without first foreclosing on any real or personal property collateral pledged by any Borrower;
(2) if Administrative Agent forecloses on any real property collateral pledged by any Borrower, then (A) the amount of the debt may be reduced only by the price for which that collateral is sold at the foreclosure sale, even if the
collateral is worth more than the sale price, and (B) Administrative Agent may collect from Guarantor even if Administrative Agent, by foreclosing on the real property collateral, has destroyed any right Guarantor may have to collect from any
Borrower. The foregoing sentence is an unconditional and irrevocable waiver of any rights and defenses Guarantor may have because any Borrower’s debt is secured by real property. These rights and defenses being waived by Guarantor include, but
are not limited to, any rights or defenses based upon Section 580a, 580b, 580d or 726 of the California Code of Civil Procedure. Without limiting the generality of the foregoing or any other provision hereof, Guarantor further expressly waives
to the extent permitted by law any and all rights and defenses, including without limitation any rights of subrogation, reimbursement, indemnification and contribution, which might otherwise be available to Guarantor under California Civil Code
Sections 2787 to 2855, inclusive, 2899 and 3433, or under California Code of Civil Procedure Sections 580a, 580b, 580d and 726, or any of such sections. Finally, Guarantor agrees that the performance of any act or any payment which tolls any statute
of limitations applicable to the Note or any of the other Loan Documents shall similarly operate to toll the statute of limitations applicable to Guarantor’s liability hereunder. 

 

	5.	 GUARANTOR’S WARRANTIES.  Guarantor warrants and acknowledges that: (a) Administrative Agent and Lenders would not make the
Loan but for this Guaranty; (b) there are no conditions precedent to the effectiveness of this Guaranty; (c) Guarantor has established adequate means of obtaining from sources other than Administrative Agent, on a continuing basis,
financial and other information pertaining to Borrowers’ financial condition, the Properties and Borrowers’ activities relating thereto and the status of Borrowers’ performance of obligations under the Loan Documents, and Guarantor
agrees to keep adequately informed from such means of any facts, events or circumstances which might in any way affect Guarantor’s risks hereunder and Administrative Agent has made no representation to Guarantor as to any such matters;
(d) the most recent financial statements of Guarantor previously delivered to Administrative Agent are 

  

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	    	 true and correct in all respects, have been prepared in accordance with generally accepted accounting principles consistently applied (or other principles
acceptable to Administrative Agent and Lenders) and fairly present the financial condition of Guarantor as of the respective dates thereof, and no material adverse change has occurred in the financial condition of Guarantor since the respective
dates thereof; and (e) Guarantor has not and will not, without the prior written consent of Administrative Agent, sell, lease, assign, encumber, hypothecate, transfer or otherwise dispose of all or substantially all of Guarantor’s assets,
or any interest therein, other than in the ordinary course of Guarantor’s business. Notwithstanding the foregoing, or anything to the contrary, the calculation of the liabilities of Guarantor shall not include any fair value adjustments to the
carrying value of liabilities to record such liabilities at fair value pursuant to electing the fair value option election under FASB ASC 825-10-25 (formerly known as FAS 159, The Fair Value Option for Financial Assets and Financial
Liabilities) or other FASB standards allowing entities to elect fair value option for financial liabilities. Therefore, the amount of liabilities shall be the historical cost basis, which generally is the contractual amount owed adjusted for
amortization or accretion of any premium or discount. 

  

	6.	 SUBORDINATION.    Guarantor subordinates all present and future indebtedness owing by any Borrower to Guarantor to the
obligations at any time owing by any Borrower to Administrative Agent and/or Lenders under the Note and the other Loan Documents. Guarantor assigns all such indebtedness to Administrative Agent for the benefit of Lenders as security for this
Guaranty, the Note and the other Loan Documents. Guarantor agrees to make no claim for such indebtedness until all obligations of Borrowers under the Note and the other Loan Documents have been fully discharged. Guarantor agrees that it will not
take any action or initiate any proceedings, judicial or otherwise, to enforce Guarantor’s rights or remedies with respect to any such indebtedness, including without limitation any action to enforce remedies with respect to any defaults under
such indebtedness or to any collateral securing such indebtedness or to obtain any judgment or prejudgment remedy against any Borrower or any such collateral. Guarantor also agrees that it will not commence or join with any other creditor or
creditors of any Borrower in commencing any bankruptcy, reorganization or insolvency proceedings against any Borrower. Guarantor further agrees not to assign all or any part of such indebtedness unless Administrative Agent is given prior notice and
such assignment is expressly made subject to the terms of this Guaranty. If Administrative Agent so requests, (a) all instruments evidencing such indebtedness shall be duly endorsed and delivered to Administrative Agent, (b) all security
for such indebtedness shall be duly assigned and delivered to Administrative Agent, (c) such indebtedness shall be enforced, collected and held by Guarantor as trustee for Administrative Agent and shall be paid over to Administrative Agent on
account of the Loan but without reducing or affecting in any manner the liability of Guarantor under the other provisions of this Guaranty, and (d) Guarantor shall execute, file and record such documents and instruments and take such other
action as Administrative Agent deems necessary or appropriate to perfect, preserve and enforce Administrative Agent’s rights in and to such indebtedness and any security therefor. If Guarantor fails to take any such action, Administrative
Agent, as attorney-in-fact for Guarantor, is hereby authorized to do so in the name of Guarantor. The foregoing power of attorney is coupled with an interest and cannot be revoked. 

 

	7.	 BANKRUPTCY OF A BORROWER.    In any bankruptcy or other proceeding in which the filing of claims is required by law,
Guarantor shall file all claims which Guarantor may have against Borrowers relating to any indebtedness of Borrowers to Guarantor and shall assign to Administrative Agent all rights of Guarantor thereunder. If Guarantor does not file any such claim,
Administrative Agent, as attorney-in-fact for Guarantor, is hereby authorized to do so in the name of Guarantor or, in Administrative Agent’s discretion, to assign the claim to a nominee and to cause proof of claim to be filed in the name of
Administrative Agent’s nominee. The foregoing power of attorney is coupled with an interest and cannot be revoked. Administrative Agent or its nominee shall have the right, in its reasonable discretion, to accept or reject any plan proposed in
such proceeding and to take any other action which a party filing a claim is entitled to do. In all such cases, whether in administration, bankruptcy or otherwise, the person or persons authorized 

 

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	    	 to pay such claim shall pay to Administrative Agent the amount payable on such claim and, to the full extent necessary for that purpose, Guarantor hereby
assigns to Administrative Agent all of Guarantor’s rights to any such payments or distributions; provided, however, Guarantor’s obligations hereunder shall not be satisfied except to the extent that Administrative Agent
receives cash by reason of any such payment or distribution. If Administrative Agent receives anything hereunder other than cash, the same shall be held as collateral for amounts due under this Guaranty. If all or any portion of the obligations
guaranteed hereunder are paid or performed, the obligations of Guarantor hereunder shall continue and shall remain in full force and effect in the event that all or any part of such payment or performance is avoided or recovered directly or
indirectly from Administrative Agent as a preference, fraudulent transfer or otherwise under the Bankruptcy Code or other similar laws, irrespective of (a) any notice of revocation given by Guarantor prior to such avoidance or recovery, or
(b) full payment and performance of all of the indebtedness and obligations evidenced and secured by the Loan Documents. 

  

	8.	 LOAN SALES AND PARTICIPATIONS; DISCLOSURE OF INFORMATION.    Subject to the limitations set forth in the Loan Agreement,
Guarantor agrees that Administrative Agent may elect, at any time, to sell, assign, or grant participations in all or any portion of its rights and obligations under the Loan Documents and this Guaranty, and that any such sale, assignment or
participation may be to one or more financial institutions, private investors, and/or other entities, at Administrative Agent’s sole discretion. Guarantor further agrees that Administrative Agent may disseminate to any such actual or potential
purchaser(s), assignee(s) or participant(s) all documents and information (including, without limitation, all financial information) which has been or is hereafter provided to or known to Administrative Agent with respect to: (a) the Property
and its operation; (b) any party connected with the Loan (including, without limitation, the Guarantor, the Borrowers, any partner of Borrowers, any constituent partner of Borrowers, any other guarantor and any non-borrower trustor); and/or
(c) any lending relationship other than the Loan which Administrative Agent may have with any party connected with the Loan. In the event of any such sale, assignment or participation, Administrative Agent and the parties to such transaction
shall share in the rights and obligations of Administrative Agent as set forth in the Loan Documents only as and to the extent they agree among themselves. In connection with any such sale, assignment or participation, Guarantor further agrees that
the Guaranty shall be sufficient evidence of the obligations of Guarantor to each purchaser, assignee, or participant, and upon written request by Administrative Agent, Guarantor shall, within fifteen (15) days after request by Administrative
Agent, (x) deliver to Administrative Agent and any other party designated by Administrative Agent an estoppel certificate, in form and substance acceptable to Administrative Agent, verifying for the benefit of Administrative Agent and any such
other party the status, terms and provisions of this Guaranty, and (y) enter into such amendments or modifications to this Guaranty and the Loan Documents as Administrative Agent may reasonably request in order to evidence and facilitate any
such sale, assignment, or participation without impairing Guarantor’s rights or increasing Guarantor’s obligations hereunder. 

Anything in this Agreement to the contrary notwithstanding, and without the need to comply with any of the formal or procedural
requirements of this Agreement, including this Section, any lender may at any time and from time to time pledge and assign all or any portion of its rights under all or any of the Loan Documents to a Federal Reserve Bank; provided that no such
pledge or assignment shall release such lender from its obligations thereunder. 
  

	9.	 ADDITIONAL, INDEPENDENT AND UNSECURED OBLIGATIONS.    This Guaranty is a continuing guaranty of payment and not of
collection and cannot be revoked by Guarantor and shall continue to be effective with respect to any indebtedness referenced in Section 1 hereof arising or created after any attempted revocation hereof or after the death of Guarantor (if
Guarantor is a natural person, in which event this Guaranty shall be binding upon Guarantor’s estate and Guarantor’s legal representatives and heirs). The obligations of Guarantor hereunder shall be in addition to and shall not limit or in
any way affect the obligations of Guarantor under 

  

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	    	 any other existing or future guaranties unless said other guaranties are expressly modified or revoked in writing. This Guaranty is independent of the
obligations of Borrowers under the Note, the Security Documents and the other Loan Documents. Guarantor hereby authorizes and empowers Administrative Agent to exercise, in its sole discretion, any rights and remedies, or any combination thereof,
which may then be available, since it is the intent and purpose of Guarantor that the obligations hereunder shall be absolute, independent and unconditional under any and all circumstances. Administrative Agent may bring a separate action to enforce
the provisions hereof against Guarantor without taking action against any Borrower or any other party or joining any Borrower or any other party as a party to such action. Except as otherwise provided in this Guaranty, this Guaranty is not secured
and shall not be deemed to be secured by any security instrument unless such security instrument expressly recites that it secures this Guaranty. 

  

	10.	 ATTORNEYS’ FEES; ENFORCEMENT.    If any attorney is engaged by Administrative Agent to enforce or defend any provision
of this Guaranty, or any of the other Loan Documents, or as a consequence of any Default under the Loan Documents, with or without the filing of any legal action or proceeding, Guarantor shall pay to Administrative Agent, immediately upon demand all
attorneys’ fees and costs incurred by Administrative Agent in connection therewith, together with interest thereon from the date of such demand until paid at the rate of interest applicable to the principal balance of the Note as specified
therein. 

  

	11.	 RULES OF CONSTRUCTION.    The term “Borrowers” as used herein shall include both the named Borrowers and any other
person at any time assuming or otherwise becoming primarily liable for all or any part of the obligations of the named Borrowers under the Note and the other Loan Documents. The term “person” as used herein shall include any individual,
company, trust or other legal entity of any kind whatsoever. If this Guaranty is executed by more than one person, the term “Guarantor” shall include all such persons. When the context and construction so require, all words used in the
singular herein shall be deemed to have been used in the plural and vice versa. All headings appearing in this Guaranty are for convenience only and shall be disregarded in construing this Guaranty. 

 

	12.	 CREDIT REPORTS.    Each legal entity and individual obligated on this Guaranty hereby authorizes Administrative Agent to
order and obtain, from a credit reporting agency of Administrative Agent’s choice, a third party credit report on such legal entity and individual. 

 

	13.	 GOVERNING LAW.  This Guaranty shall be governed by, and construed in accordance with, the laws of the State of California, except to
the extent preempted by federal laws. Guarantor and all persons and entities in any manner obligated to Administrative Agent and Lenders under this Guaranty consent to the jurisdiction of any federal or state court within the State of California
having proper venue and also consent to service of process by any means authorized by California or federal law. 

  

	14.	 ELECTRONIC DOCUMENT DELIVERIES.  Documents required to be delivered pursuant to this Guaranty shall be delivered by electronic
communication and delivery, including, the internet, e-mail or intranet websites to which the Administrative Agent and each Lender have access (including a commercial, third-party website such as www.edgar.com <http://www.edgar.com> or a
website sponsored or hosted by the administrative agent or the borrowers) provided that the foregoing shall not apply to notices to a Lender that have not notified the Administrative Agent or Guarantor that it cannot or does not want to receive
electronic communications. The Administrative Agent or the Guarantor may, in its discretion, agree to accept notices and other communications to it hereunder by electronic delivery pursuant to procedures approved by it for all or particular notices
or communications. Documents or notices delivered electronically shall be deemed to have been delivered twenty-four (24) hours after the date and time on which the Administrative Agent or Guarantor posts such documents or the documents become
available on a commercial website and the Administrative Agent or Guarantor notify each Lender of said 

  

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	    	 posting and provides a link thereto provided if such notice or other communication is not sent or posted during the normal business hours of the recipient,
said posting date and time shall be deemed to have commenced as of 9:00 a.m. on the opening of business on the next business day for the recipient. 

  

	15.	 MISCELLANEOUS. The provisions of this Guaranty will bind and benefit the heirs, executors, administrators, legal representatives, nominees,
successors and assigns of Guarantor, Administrative Agent and Lenders. The liability of all persons and entities who are in any manner obligated hereunder shall be joint and several. If any provision of this Guaranty shall be determined by a court
of competent jurisdiction to be invalid, illegal or unenforceable, that portion shall be deemed severed from this Guaranty and the remaining parts shall remain in full force as though the invalid, illegal or unenforceable portion had never been part
of this Guaranty. This Guaranty shall be deemed to be continuing in nature and shall remain in full force and effect and shall survive the exercise of any remedy by Administrative Agent under any Security Document or any of the other Loan Documents,
including without limitation any foreclosure or deed in lieu thereof. 

  

	16.	 ADDITIONAL PROVISIONS.  Such additional terms, covenants and conditions as may be set forth on any exhibit executed by Guarantor and
attached hereto which recites that it is an exhibit to this Guaranty are incorporated herein by this reference. 

  

	17.	 ENFORCEABILITY.    Guarantor hereby acknowledges that: (a) the obligations undertaken by Guarantor in this Guaranty are
complex in nature, and (b) numerous possible defenses to the enforceability of these obligations may presently exist and/or may arise hereafter, and (c) as part of Administrative Agent and Lenders’ consideration for entering into this
transaction, Administrative Agent and Lenders have specifically bargained for the waiver and relinquishment by Guarantor of all such defenses, and (d) Guarantor has had the opportunity to seek and receive legal advice from skilled legal counsel
in the area of financial transactions of the type contemplated herein. Given all of the above, Guarantor does hereby represent and confirm to Administrative Agent and Lenders that Guarantor is fully informed regarding, and that Guarantor does
thoroughly understand: (i) the nature of all such possible defenses, and (ii) the circumstances under which such defenses may arise, and (iii) the benefits which such defenses might confer upon Guarantor, and (iv) the legal
consequences to Guarantor of waiving such defenses. Guarantor acknowledges that Guarantor makes this Guaranty with the intent that this Guaranty and all of the informed waivers herein shall each and all be fully enforceable by Administrative Agent
and Lenders, and that Administrative Agent and Lenders are induced to enter into this transaction in material reliance upon the presumed full enforceability thereof. 

 

	18.	 WAIVER OF RIGHT TO TRIAL BY JURY.    TO THE EXTENT PERMITTED BY THEN APPLICABLE LAW, EACH PARTY TO THIS GUARANTY, AND BY ITS
ACCEPTANCE HEREOF, ADMINISTRATIVE AGENT AND LENDERS, HEREBY EXPRESSLY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (a) ARISING UNDER THE LOAN DOCUMENTS, INCLUDING, WITHOUT LIMITATION, ANY PRESENT OR FUTURE
MODIFICATION THEREOF OR (b) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO THE LOAN DOCUMENTS (AS NOW OR HEREAFTER MODIFIED) OR ANY OTHER INSTRUMENT, DOCUMENT OR AGREEMENT
EXECUTED OR DELIVERED IN CONNECTION HEREWITH, OR THE TRANSACTIONS RELATED HERETO OR THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER SOUNDING IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY, ADMINISTRATIVE AGENT AND
LENDERS HEREBY AGREE AND CONSENT THAT ANY PARTY TO THIS GUARANTY AND ADMINISTRATIVE AGENT AND LENDERS MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO AND

  

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	    	 ADMINISTRATIVE AGENT AND LENDERS TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. THIS PROVISION IS A MATERIAL INDUCEMENT FOR ADMINISTRATIVE AGENT AND
LENDERS TO MAKE THE LOAN TO BORROWERS. 

  

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 IN WITNESS WHEREOF, Guarantor duly executed this Guaranty as of the date first written above.

  

							
	 “Guarantor”

	
	 KBS REIT PROPERTIES II, LLC,

a Delaware limited liability company

		
	 By:
	 	 KBS LIMITED PARTNERSHIP II,

		 	 a Delaware limited partnership,

		 	 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

  

			
	 Address of Guarantor:

	
	 c/o KBS Capital Advisors LLC

	 620 Newport Center Drive, Suite 1300

	 Newport Beach, CA 92660

	 Attn:
	  	 Stacie Yamane

	 Tel:
	  	 (949) 417-6560

	 Fax:
	  	 (949) 417-6520

	
	 Address of Administrative Agent:

	
	 Wells Fargo Bank, National Association

	 Real Estate Group

	 Orange County

	 2030 Main Street, Suite 800

	 Irvine, CA 92614

	 Attn:
	  	 Irie Dadabhoy

		  	 Vice President

	 Tel:
	  	 (949) 251-4322

	 Fax:
	  	 (949) 851-9728Secured Promissory Note

 Exhibit 10.8 

SECURED PROMISSORY NOTE 

(Revolving Note) 
  

			
	 $100,000,000
	 	April 30, 2010
		 	Irvine, California

 FOR VALUE RECEIVED, KBSII
350 PLUMERIA, LLC, a Delaware limited liability company, KBSII MOUNTAIN VIEW, LLC, a Delaware limited liability company, KBSII ONE MAIN PLACE, LLC, a Delaware limited liability company and KBSII PIERRE LACLEDE CENTER, LLC, a
Delaware limited liability company (“Borrowers”), HEREBY PROMISE TO PAY to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION (“Lender”) the principal sum of One Hundred Million Dollars ($100,000,000), or if
less, the aggregate unpaid principal amount of all disbursements disbursed by Lender pursuant to the requirements set forth in the Loan Agreement dated as of April 30, 2010 (as amended, supplemented or restated from time to time the
“Loan Agreement”), among Borrowers, Lender, certain other Lenders named therein or made parties thereto and Wells Fargo Bank, National Association, as Administrative Agent, together with interest on the unpaid principal balance
hereof at the rate (or rates) determined in accordance with Section 2.7 of the Loan Agreement from the date such principal is advanced until it is paid in full. It is contemplated that there will be advances and payments under this Note
from time to time, but no advances or payments under this Note (including payment in full of the unpaid balance of principal hereof prior to maturity) shall affect or impair the validity or enforceability of this Note as to future advances
hereunder. 
 This Note is one of the Notes referred to in and governed by the Loan Agreement, which Loan Agreement, among other things,
contains provisions for the acceleration of the maturity hereof and for the payment of certain additional sums to Lender upon the happening of certain stated events. Capitalized terms used in this Note without definition have the same meanings as in
the Loan Agreement. 
 The principal amount of this Note, unless accelerated in accordance with Loan Agreement as described below, if not
sooner paid, will be due and payable, together with all accrued and unpaid interest and other amounts due and unpaid under the Loan Agreement, on the Maturity Date. 

This Note is secured by, among other things, the Security Documents referred to in the Loan Agreement. 

Borrowers may from time to time during the term of this Note borrow, partially or wholly repay its outstanding borrowings, and reborrow, subject to
all of the limitations, terms and conditions of this Note, the Loan Agreement and of any other agreement executed in connection with this Note, provided that the outstanding principal balance of this Note shall at no time exceed the principal amount
stated above. The unpaid principal balance of this obligation at any time shall be the total amounts advanced hereunder by the holder hereof less the amount of principal payments made hereon by or for Borrowers, which principal balance may be
endorsed hereon from time to time by the holder. 
 Interest on the Loans is accrued and payable in arrears on the first Business Day of
each month during the term of the Loan Agreement, commencing with the first Business Day of the first calendar month to begin after the date of this Note. Interest will be computed on the basis of the actual number of days elapsed in the period
during which interest accrues and a year of three hundred sixty (360) days. The Loan Agreement provides for the payment by Borrower of various other charges and fees, in addition to the interest charges described in the Loan Agreement, as set
forth more fully in the Loan Agreement. 
 All payments of any amount becoming due under this Note shall be made in the manner provided in
the Loan Agreement, in Dollars. 
 Upon and after the occurrence of a Default, unless such Default is waived as provided in the Loan
Agreement, this Note may, at the option of Requisite Lenders and without further demand, notice or legal process of any kind, be declared by Administrative Agent, and in such case immediately shall become, due and payable. Upon and after the
occurrence of certain Defaults, this Note shall, without any 

 
action by Lenders and without demand, notice or legal process of any kind, automatically and immediately become due and payable. 

Demand, presentment, protest and notice of nonpayment and protest, notice of intention to accelerate maturity, notice of acceleration of maturity
and notice of dishonor are hereby waived by Borrowers. Subject to the terms of the Loan Agreement, Lender may extend the time of payment of this Note, postpone the enforcement hereof, grant any indulgences, release any party primarily or secondarily
liable hereon or agree to any subordination of Borrowers’ obligations hereunder without affecting or diminishing Lender’s right of recourse against Borrowers, which right is hereby expressly reserved. 

This Note has been delivered and accepted at Irvine, California. This Note shall be interpreted in accordance with, and the rights and liabilities
of the parties hereto shall be determined and governed by, the laws of the State of California. 
 All notices or other communications
required or permitted to be given pursuant to this Note shall be given to the Borrowers, Administrative Agent or Lenders at the address and in the manner provided for in the Loan Agreement. 

In no contingency or event whatsoever shall interest charged in respect of the Loan evidenced hereby, however such interest may be characterized or
computed, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable hereto. If such a court determines that Lenders have received interest hereunder in excess of the
highest rate applicable hereto, Lenders shall, at Administrative Agent’s election, either (a) promptly refund such excess interest to Borrowers or (b) credit such excess to the principal balance hereof. This provision shall control
over every other provision of all agreements between Borrowers, Administrative Agent and Lenders. 
 Whenever possible each provision of
this Note shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Note shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such
prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Note. 
 The
limitations on personal liability of the shareholders, partners and members of Borrowers contained in Section 13.27 of the Loan Agreement shall apply to this Note. 

[Signatures Follow on Next Page] 
  

 - 2 - 

 IN WITNESS WHEREOF, this Note has been executed as of the date first set forth above. 

 

															
	 “BORROWER”
	  		  	
			
	 KBSII 350 PLUMERIA, LLC,
 a
Delaware limited liability company
	  		  	
				
	By:	  	KBSII REIT ACQUISITION IV, 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 LIMITED PARTNERSHIP II,	  		  	
		  		  		  	 a Delaware limited partnership,
 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	  		  	

 [Signatures Continue on Next Page] 

															
	 “BORROWER”
	  		  	
			
	 KBSII PIERRE LACLEDE CENTER, LLC,

a Delaware limited liability company
	  		  	
				
	By:	  	KBSII REIT ACQUISITION VI, 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 LIMITED PARTNERSHIP II,	  		  	
		  		  		  	 a Delaware limited partnership,
 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	  		  	

 [Signatures Continue on Next Page] 

															
	 “BORROWER”
	  		  	
			
	 KBSII MOUNTAIN VIEW, LLC,

a Delaware limited liability company
	  		  	
				
	By:	  	KBSII REIT ACQUISITION III, 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 LIMITED PARTNERSHIP II,	  		  	
		  		  		  	 a Delaware limited partnership,
 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	  		  	

 [Signatures Continue on Next Page] 

															
	 “BORROWER”
	  		  	
			
	 KBSII ONE MAIN PLACE, LLC,

a Delaware limited liability company
	  		  	
				
	By:	  	KBSII REIT ACQUISITION VII, 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 LIMITED PARTNERSHIP II,	  		  	
		  		  		  	 a Delaware limited partnership,
 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

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