ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT

Termination of Purchase and Sale Agreement for Sale of Union Bank Plaza

As previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on May 24, 2022, on May 18, 2022, KBS Real Estate Investment Trust II, Inc. (the "Company"), through an indirect wholly owned subsidiary, entered into a purchase and sale agreement and escrow instructions (the "Agreement") for the sale of Union Bank Plaza to Harbor Associates, LLC (the "Purchaser"). Union Bank Plaza is a 40-story office building located in Los Angeles, California containing 701,888 rentable square feet on approximately 3.7 acres of land. Pursuant to the Agreement, the Purchaser had an inspection period ending June 16, 2022 to conduct due diligence on the property.

Upon expiration of the due diligence period on June 16, 2022, the Purchaser did not deliver to the Company a notice to proceed indicating the Purchaser's election to proceed with the transaction contemplated by the Agreement. Accordingly, the Agreement was terminated pursuant to its terms by the Purchaser on June 16, 2022. As a result, the Purchaser will receive a refund of funds deposited as earnest money toward the purchase price.


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