Pacific Oak Strategic Opportunity REIT Inc.
11/05/2025 | Press release | Distributed by Public on 11/05/2025 12:52
Material Agreement (Form 8-K)
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On November 1, 2025, Pacific Oak Strategic Opportunity REIT, Inc. (the "Company," "we," "our" or "us") renewed the advisory agreement with Pacific Oak Capital Advisors, LLC (the "advisor"). The renewal is in accordance with the payment restrictions exceptions annex to the standstill agreement entered into in August 2025 with the trustee for holders of bonds issued by the Company's subsidiary, Pacific Oak SOR (BVI) Holdings, Ltd. The renewed advisory agreement shall have an initial term of one month from November 1, 2025 and will be automatically renewed for successive one-month terms until November 1, 2026, except that the agreement shall terminate on the date the Company ceases being subject to a standstill agreement entered into in August 2025 with the trustee for holders of bonds issued by the Company's subsidiary, Pacific Oak SOR (BVI) Holdings, Ltd., if such date occurs prior to November 1, 2026. The advisory agreement may be terminated effective as of the end of the then-current monthly term without cause or penalty by either the Company (acting in sole discretion and authority of the conflicts committee) or the advisor, by giving notice to the other party at any time during such term. The terms are otherwise consistent with those of the advisory agreement that was previously in effect.
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