SEC Contract Filing

Filing Date: 2017-02-15

Document Content:
<DOCUMENT>
<TYPE>EX-10.49
<SEQUENCE>3
<FILENAME>exhibit1049.htm
<DESCRIPTION>EXHIBIT 10.49
<TEXT>
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<div><a name="s70f818a2627d40548b0f9017cf50ac3a"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit 10.49</font></div></div><div><br></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Amendment to Sales Agreement</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Dated as of September 29, 2016</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Jefferies LLC</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">520 Madison Avenue</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">New York, New York 10022</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ladies and Gentlemen:</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Reference is hereby made to the Sales Agreement dated December 12, 2014 (the &#8220;Sales Agreement&#8221;) among Kilroy Realty Corporation, a Maryland corporation (the &#8220;Company&#8221;), Kilroy Realty L.P., a Delaware limited partnership (the &#8220;Operating Partnership&#8221;), and Jefferies LLC (the &#8220;Agent&#8221;).</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The parties hereto agree that, from and after the date hereof, Section 1(i)(i) of the Sales Agreement is hereby amended and restated to read in full as follows: </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;padding-left:96px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#8220;(i)&#160;&#160;&#160;&#160;the Disclosure Package and the Prospectus under the captions (a)&#160;&#8220;Description of Capital Stock,&#8221; (b) &#8220;Description of Material Provisions of the Partnership Agreement of Kilroy Realty, L.P.,&#8221; (c) &#8220;Certain Provisions of Maryland Law and of the Company&#8217;s Charter and Bylaws,&#8221; (d) &#8220;United States Federal Income Tax Considerations,&#8221; and (e) &#8220;Plan of Distribution (Conflicts of Interest),&#8221; in each case as the same may be amended, supplemented or replaced from time to time by information in subsequent filings on Form 8-K or subsequent Proxy Statements on Schedule 14A that are or are deemed to be incorporated by reference in the Disclosure Package or the Prospectus; and&#8221;</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The parties hereto further agree that, as contemplated by the Sales Agreement, from and after the date hereof the term &#8220;Registration Statement,&#8221; as used in the Sales Agreement, shall include Company&#8217;s and the Operating Partnership&#8217;s registration statement on Form S-3 (File Nos. 333-213864 and 333-213864-01) filed with the Securities and Exchange Commission on September 29, 2016; the term &#8220;Base Prospectus,&#8221; as used in the Sales Agreement, shall include the Company&#8217;s and the Operating Partnership&#8217;s prospectus dated September 29, 2016; and the term &#8220;Prospectus Supplement,&#8221; as used in the Sales Agreement, shall include the Company&#8217;s prospectus supplement dated September 29, 2016 relating to the Company&#8217;s at-the-market common stock offering contemplated by the Sales Agreement.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The parties hereto further agree that the Sales Agreement, as amended hereby, shall remain in full force and effect.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">THIS AGREEMENT AND ANY CLAIM, CONTROVERSY OR DISPUTE RELATING TO OR ARISING UNDER THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.</font></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">[Signature Page Follows] </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br><