April 4, 2007Letter Agreement • April 11th, 2007 • Kilroy Realty Corp • Real estate investment trusts • New York
The purpose of this letter agreement (the “Amendment”) is to amend the terms and conditions of the call option (the “Transaction”) entered into among JPMorgan Chase Bank, National Association, London Branch (“JPMorgan”), Kilroy Realty, L.P. (“Counterparty”) and Kilroy Realty Corporation (“Parent”) pursuant to a letter agreement (the “Confirmation”) dated March 27, 2007, pursuant to which Counterparty and Parent purchased from JPMorgan a Number of Options equal to 133,334 in connection with the issuance by Counterparty of $400,000,000 principal amount of 3.250% Exchangeable Senior Notes due 2012 (the “Initial Exchangeable Notes”) under the Indenture to be dated April 2, 2007 among Counterparty, Parent, as guarantor, and U.S. Bank National Association, as trustee. This Amendment relates to, and sets forth the terms of, the purchase by Counterparty from JPMorgan of an additional number of Options (the “Additional Number of Options”) in connection with the issuance by Counterparty of an ad
