EX-10.1
from 8-K
3 pages
This Letter Agreement Sets Forth Certain Agreements and Understandings That Each of Pacific Oak Capital Advisors, LLC (The “Advisor”) and Pacific Oak Strategic Opportunity REIT II, Inc. (The “Company”) Has Agreed to Undertake in Connection With the Company’s Proposed Business Combination With Pacific Oak Strategic Opportunity REIT, Inc. (The “Merger”) Pursuant to the Agreement and Plan of Merger Among Them and Certain Affiliated Entities Dated as of the Date Hereof (The “Merger Agreement”). Capitalized Terms Used but Not Defined Herein Shall Have the Respective Meanings Given to Such Terms in the Advisory Agreement Between the Company and the Advisor, Dated November 1, 2019 (The “Advisory Agreement”). 1. Disposition Fees. (A) the Advisor Hereby Waives Any Claim for a Disposition Fee in Connection With the Proposed Merger. (B) in the Event the Company Completes a Sale, Including by Means of a Merger or Other Business Combination, in Connection With a Superior Proposal, the Advisor Shall Be Entitled to a Disposition Fee, the Amount of Which Shall Be Calculated as Set Forth in Section 8.03 of the Advisory Agreement. 2. Termination. the Advisor and the Company Hereby Terminate the Advisory Agreement, Effective Upon Consummation of the Merger
12/34/56
EX-10.1
from 425
3 pages
This Letter Agreement Sets Forth Certain Agreements and Understandings That Each of Pacific Oak Capital Advisors, LLC (The “Advisor”) and Pacific Oak Strategic Opportunity REIT II, Inc. (The “Company”) Has Agreed to Undertake in Connection With the Company’s Proposed Business Combination With Pacific Oak Strategic Opportunity REIT, Inc. (The “Merger”) Pursuant to the Agreement and Plan of Merger Among Them and Certain Affiliated Entities Dated as of the Date Hereof (The “Merger Agreement”). Capitalized Terms Used but Not Defined Herein Shall Have the Respective Meanings Given to Such Terms in the Advisory Agreement Between the Company and the Advisor, Dated November 1, 2019 (The “Advisory Agreement”). 1. Disposition Fees. (A) the Advisor Hereby Waives Any Claim for a Disposition Fee in Connection With the Proposed Merger. (B) in the Event the Company Completes a Sale, Including by Means of a Merger or Other Business Combination, in Connection With a Superior Proposal, the Advisor Shall Be Entitled to a Disposition Fee, the Amount of Which Shall Be Calculated as Set Forth in Section 8.03 of the Advisory Agreement. 2. Termination. the Advisor and the Company Hereby Terminate the Advisory Agreement, Effective Upon Consummation of the Merger
12/34/56