Kilroy Realty (KRC) 10-Q2019 Q1 Quarterly report

Filed: 7 May 19, 4:57pm

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New words: abated, adequacy, Approx, authoritative, bankruptcy, binary, broken, Centre, closure, conclusion, CPI, daily, damage, deal, delivered, enactment, exercised, extension, factor, floating, grossed, hindsight, hypothetical, intangible, iv, lesser, Living, Netflix, noncancellable, owner, Oyster, package, passed, possession, predominant, progressed, Proposition, realized, recoverable, reduction, relevant, rendered, Resi, restoration, science, situated, subprotection, Towne, transient, University, waterfront

Removed: Academy, adding, allocated, amortize, applying, ASC, Assuming, bore, collateral, comparative, Comparatively, consolidation, Conversely, counterparty, delayed, Derecognition, derivative, disclose, diversity, draft, earliest, extinguished, face, funding, indexed, investee, invoice, largely, maintaining, marked, mature, method, mitigate, modification, nonfinancial, optional, original, partial, periodic, pertaining, practice, predictability, prospective, prudent, reclassified, recognizing, refinanced, relief, requirement, seek, seller, sensitive, straight, tenure, transferring, unchanged, undiscounted, utilized

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Exhibit 10.1

February 28, 2019

Jeffrey C. Hawken

c/o Kilroy Realty Corporation

12200 W. Olympic Boulevard, Suite 200

Los Angeles, CA 90064


Re:	Extension of Employment Agreement

Dear Jeff:

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 (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, 2020 (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). Furthermore, Section 2 of the Employment Agreement is amended by replacing “March 1, 2019” therein with “March 1, 2020 (or a later date as may mutually be agreed to in writing)”.

Except as expressly set forth herein, the Employment Agreement shall remain in full force and effect in accordance with its current terms. This letter may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

If this letter accurately sets forth our agreement with respect to the foregoing matters, please sign this letter where indicated below and return it to me.



	KILROY REALTY CORPORATION

	By:	/s/ Tyler H. Rose
		Name: Tyler H. Rose Title: Executive Vice President and Chief Financial Officer

	By:	/s/ Heidi R. Roth
		Name: Heidi R. Roth Title: Executive Vice President and Chief Administrative Officer



KILROY REALTY, L.P.,

By:	KILROY REALTY CORPORATION
	its general partner
	By:	/s/ Tyler H. Rose
		Name: Tyler H. Rose Title: Executive Vice President and Chief Financial Officer

	By:	/s/ Heidi R. Roth
		Name: Heidi R. Roth Title: Executive Vice President and Chief Administrative Officer

Accepted and Agreed:

/s/ Jeffrey C. Hawken

Jeffrey C. Hawken

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