SUBORDINATED PROMISSORY NOTECredit Agreement • February 12th, 2014 • Pacific Office Properties Trust, Inc. • Real estate investment trusts • Delaware
FOR VALUE RECEIVED, PACIFIC OFFICE PROPERTIES, L.P., a Delaware limited partnership (the “Maker”), hereby promises to pay to the order of [_______________] (together with its successors and, subject to Section 13, assigns, the “Holder”), in the manner hereinafter provided, the principal sum of [_________________] DOLLARS ($[_________]), as it may be increased pursuant to the terms hereof, in immediately available funds and in lawful money of the United States of America, together with interest thereon, all in accordance with the provisions hereinafter specified. This Subordinated Promissory Note (the “Note”) is issued pursuant to the Indemnification Agreement and Release, dated as of February 6, 2014, among the Maker, Pacific Office Properties Trust, Inc., a Maryland corporation, and the Holder.
