KILROY REALTY, L.P., as Issuer KILROY REALTY CORPORATION, as Guarantor U.S. BANK NATIONAL ASSOCIATION, as Trustee INDENTURE Dated as of November 3, 2010 5.000% Senior Notes due 2015Indenture • November 4th, 2010 • Kilroy Realty, L.P. • Real estate investment trusts • New York
INDENTURE dated as of November 3, 2010 among Kilroy Realty, L.P., a Delaware limited partnership (hereinafter called the “Issuer”), Kilroy Realty Corporation, a Maryland corporation (hereinafter referred to as the “Guarantor” or, in its capacity as general partner of the Issuer, the “General Partner”), each having its principal office at 12200 West Olympic Boulevard, Suite 200, Los Angeles, California 90064, and U.S. Bank National Association, as Trustee hereunder.
KILROY REALTY, L.P., as Company KILROY REALTY CORPORATION, as Guarantor U.S. BANK NATIONAL ASSOCIATION, as Trustee INDENTURE DATED AS OF MARCH 1, 2011Indenture • October 2nd, 2013 • Kilroy Realty, L.P. • Real estate investment trusts • New York
THIS INDENTURE, dated as of March 1, 2011, by and among KILROY REALTY, L.P., a Delaware limited partnership (the “Company”), KILROY REALTY CORPORATION, a Maryland corporation, the Company’s sole general partner (the “General Partner,” and in the capacity as guarantor of one or more series of Securities to be issued hereunder from time to time the “Guarantor”) each having its principal office at 12200 West Olympic Boulevard, Suite 200, Los Angeles, California 90064, and U.S. Bank National Association, as Trustee hereunder (the “Trustee”), having its Corporate Trust Officer at 633 West Fifth Street, 24th Floor, Los Angeles, California 90071.
KILROY REALTY, L.P., AS ISSUER KILROY REALTY CORPORATION, AS GUARANTORUnderwriting Agreement • January 12th, 2024 • Kilroy Realty, L.P. • Real estate investment trusts • New York
Kilroy Realty, L.P., a Delaware limited partnership (the “Operating Partnership”) and majority owned subsidiary of Kilroy Realty Corporation, a Maryland corporation (the “Company”), proposes to issue and sell to the several underwriters named in Schedule A (the “Underwriters”), $400,000,000 aggregate principal amount of the Operating Partnership’s 6.250% Senior Notes due 2036 (the “Securities”). The Securities will be issued pursuant to an Indenture dated as of March 1, 2011 (the “Base Indenture”) among the Operating Partnership, the Company and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association (the “Trustee”), as amended and supplemented by a Supplemental Indenture dated as of July 5, 2011 (the “Supplemental Indenture”) among the Operating Partnership, the Company and the Trustee (the Base Indenture, as amended and supplemented by the Supplemental Indenture, is hereinafter called the “Indenture”). BofA Securities, Inc., J.P. Morg
Date: February 18, 2020 To: Kilroy Realty CorporationConfirmation • February 21st, 2020 • Kilroy Realty, L.P. • Real estate investment trusts • New York
The purpose of this letter agreement is to confirm the terms and conditions of the Transaction entered into between Barclays Bank PLC (“Dealer”), acting through its agent Barclays Capital Inc. (the “Agent”), and Kilroy Realty Corporation (the “Counterparty”) on the Trade Date specified below (the “Transaction”). This letter agreement constitutes a “Confirmation” as referred to in the ISDA 2002 Master Agreement specified below. Dealer is not a member of the Securities Investor Protection Corporation. Dealer is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
KILROY REALTY CORPORATION SALES AGREEMENTSales Agreement • December 12th, 2014 • Kilroy Realty, L.P. • Real estate investment trusts • New York
Commission has not notified the Company of any objection to the use of the form of the Registration Statement or any post-effective amendment thereto; the Company has not received from the Commission any notice pursuant to Rule 401(g)(2) of the Securities Act objecting to the use of the automatic shelf registration statement form; and to our knowledge FINRA has not raised objection to the fairness and reasonableness of the underwriting terms and arrangements;
SEVENTH AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OF KILROY REALTY, L.P.Agreement of Limited Partnership • August 17th, 2012 • Kilroy Realty, L.P. • Real estate investment trusts • Delaware
THIS SEVENTH AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP, dated as of August 15, 2012, is entered into by and among Kilroy Realty Corporation, a Maryland corporation (the “Company”), as the General Partner and the Persons whose names are set forth on Exhibit A attached hereto, as the Limited Partners, together with any other Persons who become Partners in the Partnership as provided herein.
KILROY REALTY, L.P., as Issuer KILROY REALTY CORPORATION, as Guarantor U.S. BANK NATIONAL ASSOCIATION, as Trustee INDENTURE DATED AS OF [ ]Indenture • September 15th, 2010 • Kilroy Realty, L.P. • Real estate investment trusts • New York
THIS INDENTURE, dated as of [ ], by and among KILROY REALTY, L.P., a Delaware limited partnership (the “Company”), KILROY REALTY CORPORATION, a Maryland corporation, the Company’s sole general partner (the “General Partner,” and in the capacity as guarantor of one or more series of Securities to be issued hereunder from time to time the “Guarantor”) each having its principal office at 12200 West Olympic Boulevard, Suite 200, Los Angeles, California 90064, and U.S. Bank National Association, as Trustee hereunder (the “Trustee”), having its Corporate Trust Officer at 633 West Fifth Street, 24th Floor, Los Angeles, California 90071.
FOURTH AMENDED AND RESTATED GUARANTYGuaranty • May 3rd, 2024 • Kilroy Realty, L.P. • Real estate investment trusts
FOURTH AMENDED AND RESTATED GUARANTY (this “Guaranty”), made as of March 6, 2024, between KILROY REALTY CORPORATION, a Maryland corporation, having an address at 12200 West Olympic Boulevard, Suite 200, Los Angeles, California 90064 (“Guarantor”), and JPMORGAN CHASE BANK, N.A., having an office at 383 Madison Avenue, New York, NY 10179, as administrative agent (the “Administrative Agent”) for the banks (the “Banks”) listed on the signature pages of the Fourth Amended and Restated Credit Agreement (as the same may be amended, modified, supplemented or restated, the “Credit Agreement”), dated as of the date hereof, among Kilroy Realty, L.P. (“Borrower”), the Banks, JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent and the joint lead arrangers, joint bookrunners and other agents party thereto.
Amendment to Sales Agreement Dated as of September 29, 2016Sales Agreement • February 15th, 2017 • Kilroy Realty, L.P. • Real estate investment trusts • New York
KILROY REALTY CORPORATION Common Stock UNDERWRITING AGREEMENT dated August 8, 2018 Barclays Capital Inc. Citigroup Global Markets Inc.Underwriting Agreement • August 13th, 2018 • Kilroy Realty, L.P. • Real estate investment trusts • New York
Securities Exchange Act of 1934, as amended) by the undersigned (or any such spouse or family member), or publicly announce an intention to do any of the foregoing, for a period commencing on the date hereof and continuing through the close of trading (or, if the relevant day is not a day on which the Common Stock is being traded on the New York Stock Exchange, through 5:00 p.m. New York City time) on the date 45 days after the date of the final prospectus relating to the Offering (the “Lock-Up Period”). The restrictions set forth in the immediately preceding sentence shall not apply to:
AMENDMENT NO. 3 TO TERM LOAN AGREEMENTTerm Loan Agreement • May 3rd, 2024 • Kilroy Realty, L.P. • Real estate investment trusts • New York
Exhibit A - Form of Term Note Exhibit B - Unencumbered Asset Pool Properties (Fee Interests) Exhibit C - Unencumbered Asset Pool Properties (Leasehold Interests) Exhibit D - Form of Assignment and Assumption Exhibit E-1 - Form of U.S. Tax Certificate Exhibit E-2 - Form of U.S. Tax Certificate Exhibit E-3 - Form of U.S. Tax Certificate Exhibit E-4 - Form of U.S. Tax Certificate Schedule 1A - Loan Commitments Schedule 4.22 - Labor Matters Schedule 5.16 - - Specified Unencumbered Real Property Assets
KILROY REALTY CORPORATION 2006 INCENTIVE AWARD PLAN RESTRICTED STOCK UNIT AGREEMENT GRANT NOTICERestricted Stock Unit Agreement • April 30th, 2015 • Kilroy Realty, L.P. • Real estate investment trusts • Maryland
Kilroy Realty Corporation (the “Company”) has granted to the Participant named below an award of Restricted Stock Units (“RSUs”). The terms and conditions of the award are set forth in this Grant Notice (the “Grant Notice”), and Appendix A attached hereto and incorporated herein by this reference (collectively, this “Agreement”).
AMENDED AND RESTATED REVOLVING CREDIT AGREEMENT dated as of November 28, 2012 amongRevolving Credit Agreement • February 12th, 2013 • Kilroy Realty, L.P. • Real estate investment trusts • New York
KILROY REALTY CORPORATION 2006 INCENTIVE AWARD PLAN RESTRICTED STOCK UNIT AGREEMENT GRANT NOTICERestricted Stock Unit Agreement • February 15th, 2019 • Kilroy Realty, L.P. • Real estate investment trusts • Maryland
Kilroy Realty Corporation (the “Company”) has granted to the Participant named below an award of Restricted Stock Units (“RSUs”). The terms and conditions of the award are set forth in this Grant Notice (the “Grant Notice”) and Appendices A and B attached hereto and incorporated herein by this reference (collectively, this “Agreement”).
FOURTH AMENDED AND RESTATED CREDIT AGREEMENTCredit Agreement • May 3rd, 2024 • Kilroy Realty, L.P. • Real estate investment trusts • New York
FOURTH AMENDED AND RESTATED CREDIT AGREEMENT dated as of March 6, 2024, among KILROY REALTY, L.P. (the “Borrower”), JPMORGAN CHASE BANK, N.A., as Bank and as Administrative Agent for the Banks (the “Administrative Agent”), JPMORGAN CHASE BANK, N.A., as Joint Lead Arranger and Joint Bookrunner, BOFA SECURITIES, INC., as Joint Lead Arranger and Joint Bookrunner, WELLS FARGO SECURITIES, LLC, as Joint Lead Arranger and Joint Bookrunner, PNC CAPITAL MARKETS LLC, as Joint Lead Arranger and Joint Bookrunner, U.S. BANK NATIONAL ASSOCIATION, as Joint Lead Arranger and Joint Bookrunner, BMO CAPITAL MARKETS CORP., as Joint Lead Arranger, THE BANK OF NOVA SCOTIA, as Joint Lead Arranger, SUMITOMO MITSUI BANKING CORPORATION, as Joint Lead Arranger, BANK OF AMERICA, N.A., as Bank and Syndication Agent, WELLS FARGO BANK, N.A., PNC BANK, NATIONAL ASSOCIATION, U.S. BANK NATIONAL ASSOCIATION, BARCLAYS BANK PLC, BMO BANK, N.A., SUMITOMO MITSUI BANKING CORPORATION and THE BANK OF NOVA SCOTIA, as Banks and
KILROY REALTY CORPORATION 2006 INCENTIVE AWARD PLAN RESTRICTED STOCK UNIT AGREEMENT GRANT NOTICERestricted Stock Unit Agreement • April 28th, 2016 • Kilroy Realty, L.P. • Real estate investment trusts • Maryland
Pursuant to this Restricted Stock Unit Agreement dated January 9, 2016 (including Appendix A hereto, the “Agreement”), effective as of the Grant Date (as defined below), Kilroy Realty Corporation (the “Company”) hereby grants to Jeffrey C. Hawken (the “Participant”) the following award of Restricted Stock Units (“RSUs”), pursuant and subject to the terms and conditions of this Agreement and the Company’s 2006 Incentive Award Plan (and as may be amended from time to time, the “Plan”), the terms and conditions of which are hereby incorporated into this Agreement by reference. Each RSU is hereby granted in tandem with a corresponding Dividend Equivalent, as further described in Section 3 below. Except as otherwise expressly provided herein, all capitalized terms used in this Agreement shall have the meanings provided in the Plan. Subject to the terms and conditions of this Agreement, the principal features of this Award are as follows:
GUARANTYGuaranty • January 13th, 2011 • Kilroy Realty, L.P. • Real estate investment trusts • California
This GUARANTY (“Guaranty”) is executed as of January 12, 2011, by KILROY REALTY, L.P., a Delaware limited partnership (“Guarantor”), in favor of METROPOLITAN LIFE INSURANCE COMPANY, a New York corporation (“Lender”), with reference to the following facts:
KILROY REALTY, L.P. FIRST AMENDMENT Dated May 11, 2018 to NOTE PURCHASE AGREEMENT Dated September 14, 2016 Re: $175,000,000 3.35% Senior Notes, Series A, due February 17, 2027 $75,000,000 3.45% Senior Notes, Series B, due February 17, 2029Note Purchase Agreement • May 14th, 2018 • Kilroy Realty, L.P. • Real estate investment trusts • New York
KILROY REALTY, L.P., as Company KILROY REALTY CORPORATION, as Guarantor U.S. BANK NATIONAL ASSOCIATION, as Trustee SUPPLEMENTAL INDENTURE DATED AS OF JULY 5, 2011 TO INDENTURE DATED AS OF MARCH 1, 2011Supplemental Indenture • October 2nd, 2013 • Kilroy Realty, L.P. • Real estate investment trusts • New York
Attention should also be directed to Section 318(c) of the 1939 Act, which provides that the provisions of Sections 310 to and including 317 of the 1939 Act that impose duties on any person are a part of and govern every qualified indenture, whether or not physically contained therein.
KILROY REALTY CORPORATION SALES AGREEMENTSales Agreement • March 1st, 2024 • Kilroy Realty, L.P. • Real estate investment trusts • New York
connection with a Terms Agreement—as of the date of the Terms Agreement and as of the applicable Delivery Date], and (z) and the Disclosure Package, as of the date hereof, [or, in the case of a certificate delivered in connection with a Terms Agreement—as of the Applicable Time with respect to such offering,] did not and do not contain any untrue statement of a material fact and did not and do not omit to state a material fact required to be stated therein or necessary to make the statements therein (except in the case of the Registration Statement (as amended, if applicable, as of the date hereof), in the light of the circumstances under which they were made) not misleading, and (2) no event has occurred that should have been set forth in a supplement or amendment to the Registration Statement, the Prospectus, any Issuer Free Writing Prospectus or any Disclosure Package (in each case as amended and supplemented, if applicable, as of the date hereof) that has not been so set forth; and
Amendment to Sales Agreement Dated as of October 2, 2013Sales Agreement • November 8th, 2013 • Kilroy Realty, L.P. • Real estate investment trusts • New York
Amendment to Sales Agreement Dated as of October 2, 2013Sales Agreement • November 8th, 2013 • Kilroy Realty, L.P. • Real estate investment trusts • New York
EMPLOYMENT AGREEMENTEmployment Agreement • July 31st, 2024 • Kilroy Realty, L.P. • Real estate investment trusts • California
THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into this 30th day of July, 2024, by and among Kilroy Realty Corporation, a Maryland corporation (“Kilroy”), Kilroy Realty, L.P., a Delaware limited partnership (“KRLP”), and Jeffrey Kuehling (the “Executive”). (For purposes of this Agreement, the term “Company” means Kilroy, KRLP, either of them, or both of them together, as the context may require.)
SEVENTH AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP OFLimited Partnership Agreement • July 29th, 2014 • Kilroy Realty, L.P. • Real estate investment trusts • Delaware
THIS SEVENTH AMENDED AND RESTATED AGREEMENT OF LIMITED PARTNERSHIP, dated as of August 15, 2012, is entered into by and among Kilroy Realty Corporation, a Maryland corporation (the “Company”), as the General Partner and the Persons whose names are set forth on Exhibit A attached hereto, as the Limited Partners, together with any other Persons who become Partners in the Partnership as provided herein.
DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING (IRVINE) Cover SheetDeed of Trust • July 5th, 2012 • Kilroy Realty, L.P. • Real estate investment trusts
THIS DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS, SECURITY AGREEMENT AND FIXTURE FILING (this “Deed of Trust”) is made as of June 28, 2012, by KR MML 12701, LLC, a Delaware limited liability company, having an address at 12200 West Olympic Boulevard, Suite 200, Los Angeles, California 90064 (“Borrower”), to CHICAGO TITLE COMPANY, a California corporation, having an address at 700 South Flower Street, Suite 800, Los Angeles, California 90017 (“Trustee”), for the use and benefit of MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, a Massachusetts corporation having an address in care of Cornerstone Real Estate Advisers LLC, One Financial Plaza, Hartford, Connecticut 06103, Attention: Paralegal, Finance Group (“Lender” and, to the extent applicable under Article 13 of the Loan Agreement, Cornerstone Real Estate Advisers Inc. “Administrative Agent”).
KILROY REALTY CORPORATION 2006 INCENTIVE AWARD PLAN RESTRICTED STOCK UNIT AGREEMENT GRANT NOTICERestricted Stock Unit Agreement • April 30th, 2015 • Kilroy Realty, L.P. • Real estate investment trusts • Maryland
Kilroy Realty Corporation (the “Company”) has granted to the Participant named below an award of Restricted Stock Units (“RSUs”). The terms and conditions of the award are set forth in this Grant Notice (the “Grant Notice”), and Appendices A and B attached hereto and incorporated herein by this reference (collectively, this “Agreement”).
Kilroy Realty Corporation Employment Agreement for Jeffrey C. Hawken (as amended and restated as of January 1, 2013)Employment Agreement • April 5th, 2013 • Kilroy Realty, L.P. • Real estate investment trusts • California
THIS EMPLOYMENT AGREEMENT by and between KILROY REALTY CORPORATION, a Maryland corporation (the “Company”), Kilroy Realty, L.P., a Delaware limited partnership (the “Operating Partnership”) and Jeffrey C. Hawken (“Executive”) effective as of January 1, 2007, is amended and restated as of January 1, 2013 (the “Effective Date”). This Employment Agreement (the “Agreement”), as amended, supersedes and replaces in its entirety Executive's Employment Agreement, effective as of January 1, 2007, with the Company and Operating Partnership, including any addendums thereto, and all other prior employment agreements with the Company and/or the Operating Partnership (the “Prior Employment Agreements”).
KILROY REALTY CORPORATION RESTRICTED STOCK UNIT AGREEMENT GRANT NOTICERestricted Stock Unit Agreement • July 31st, 2013 • Kilroy Realty, L.P. • Real estate investment trusts • Maryland
In accordance with the initial deferral election set forth in that certain letter dated _______________ made by ____________ (the “Participant”) in ________________, pursuant to this Restricted Stock Unit Agreement effective as of the Grant Date, as such term is defined below, (including Appendix A hereto, the “Agreement”), Kilroy Realty Corporation (the “Company”) hereby grants to the Participant the following award of Restricted Stock Units (“RSUs”) pursuant and subject to the terms and conditions of this Agreement and the Company's 2006 Incentive Award Plan, as amended (the “Plan”), the terms and conditions of each of which are hereby incorporated into this Agreement by reference. Each RSU is hereby granted in tandem with a corresponding Dividend Equivalent right, as further described in Section 3 below. Except as otherwise expressly provided herein, all capitalized terms used in this Agreement shall have the meanings provided in the Plan. Subject to the terms and conditions of this
Amendment to Sales Agreement Dated as of October 2, 2013Sales Agreement • November 8th, 2013 • Kilroy Realty, L.P. • Real estate investment trusts • New York
Reference is hereby made to the Sales Agreement dated July 25, 2011 (the “Sales Agreement”) among Kilroy Realty Corporation, a Maryland corporation (the “Company”), Kilroy Realty L.P., a Delaware limited partnership, and Merrill Lynch, Pierce, Fenner & Smith Incorporated (the “Agent”). Capitalized terms used herein and not defined have the respective meanings set forth in the Sales Agreement.
GENERAL PARTNER GUARANTY AGREEMENT Dated as of April 28, 2020 ofGeneral Partner Guaranty Agreement • April 30th, 2020 • Kilroy Realty, L.P. • Real estate investment trusts • New York
THIS GENERAL PARTNER GUARANTY AGREEMENT, dated as of April 28, 2020 (this “Guaranty Agreement”), is made by Kilroy Realty Corporation, a Maryland corporation (the “Guarantor”), in favor of the Purchasers (as defined below) and the other holders from time to time of the Notes (as defined below). The Purchasers and such other holders are herein collectively called the “holders” and individually a “holder.”
Kilroy Realty Corporation Employment Agreement - Tyler H. RoseEmployment Agreement • April 28th, 2016 • Kilroy Realty, L.P. • Real estate investment trusts • California
THIS EMPLOYMENT AGREEMENT by and between KILROY REALTY CORPORATION, a Maryland corporation (the “Company”), Kilroy Realty, L.P., a Delaware limited partnership (the “Operating Partnership”), and Tyler H. Rose (“Executive”) is effective as of January 28, 2016 (the “Effective Date”). This Employment Agreement (this “Agreement”) supersedes and replaces in its entirety Executive’s Employment Agreement, effective as of January 1, 2007 and as amended in December 2008, with the Company and Operating Partnership (the “Prior Employment Agreement”). Rights and obligations of the parties for periods prior to the Effective Date, and any related remedies, shall remain subject to the terms of the Prior Employment Agreement, which shall remain enforceable for that purpose.
Amendment to Sales Agreement Dated as of October 2, 2013Sales Agreement • November 8th, 2013 • Kilroy Realty, L.P. • Real estate investment trusts • New York
KILROY REALTY, L.P., AS ISSUER KILROY REALTY CORPORATION, AS GUARANTORUnderwriting Agreement • August 7th, 2020 • Kilroy Realty, L.P. • Real estate investment trusts • New York
Kilroy Realty, L.P., a Delaware limited partnership (the “Operating Partnership”) and majority owned subsidiary of Kilroy Realty Corporation, a Maryland corporation (the “Company”), proposes to issue and sell to the several underwriters named in Schedule A (the “Underwriters”), $425,000,000 aggregate principal amount of the Operating Partnership’s 2.500% Senior Notes due 2032 (the “Securities”). The Securities will be issued pursuant to an Indenture dated as of March 1, 2011 (the “Base Indenture”) among the Operating Partnership, the Company and U.S. Bank National Association, as trustee (the “Trustee”), as amended and supplemented by a Supplemental Indenture dated as of July 5, 2011 (the “Supplemental Indenture”) among the Operating Partnership, the Company and the Trustee (the Base Indenture, as amended and supplemented by the Supplemental Indenture, is hereinafter called the “Indenture”). BofA Securities, Inc. and Jefferies LLC have agreed to act as representatives of the several Un
RECOURSE GUARANTY AGREEMENTRecourse Guaranty Agreement • July 5th, 2012 • Kilroy Realty, L.P. • Real estate investment trusts
THIS RECOURSE GUARANTY AGREEMENT (this “Agreement”) is made as of June 28, 2012, by KILROY REALTY, L.P., a Delaware limited partnership (“Guarantor”), to and for the benefit of MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, a Massachusetts corporation (“Lender” and to the extent applicable under Article 13 of the Loan Agreement, Cornerstone Real Estate Advisers Inc. “Administrative Agent”), and for the benefit of the other Lender Parties. As used in this Agreement, “Lender Parties” shall mean Lender, Cornerstone Real Estate Advisers LLC (the investment advisor to Lender), Cornerstone Real Estate Advisers Inc., any present and future loan participants, co-lenders, loan servicers, custodians and trustees, and each of their respective directors, officers, employees, shareholders, agents, affiliates, heirs, legal representatives, successors and assigns.
Re: Extension of Employment AgreementEmployment Agreement • February 13th, 2020 • Kilroy Realty, L.P. • Real estate investment trusts
Reference is made to that certain Employment Agreement between you, Kilroy Realty Corporation, a Maryland corporation, and Kilroy Realty, L.P., a Delaware limited partnership, amended and restated effective as of December 31, 2015, and as subsequently amended by a letter agreement by and between such parties dated February 28, 2019 (the “Employment Agreement”). This letter is to confirm our agreement that the term of the Employment Agreement (as provided in Section 2 of the Employment Agreement) will be extended by one year so that the Term (as defined in the Employment Agreement) will end on March 1, 2021 (subject to earlier termination as provided in Sections 6 and 7 of the Employment Agreement, and subject to any further extension that may mutually be agreed to in writing).
