Director Schanzer resigns; Bitterman appointed; Converium cooperation extended through Dec 2026

FRANKLIN STREET PROPERTIES CORP /MA/

Bruce Schanzer resigned from board effective Oct 9, 2025; no disagreement with company.
Jennifer Bitterman elected to board on Oct 15, 2025, filling vacancy; she is independent and serves on Audit and Compensation Committees.
Letter agreement extends certain Cooperation Agreement terms solely between Converium and company through Dec 31, 2026.
Company agrees to nominate Bitterman at 2026 annual meeting; Converium supports nomination.
Erez's obligations under Cooperation Agreement expected to terminate Nov 4, 2025.

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