BVI subsidiary's bond restructuring approved by Israeli court; Series B/D bonds at 11.5%, due June 2028

Pacific Oak Strategic Opportunity REIT, Inc.

Principal of Series B (NIS 388M) and Series D (NIS 587M) bonds unchanged; interest 11% then 11.5% after Completion Date.
Final maturity June 30, 2028; bondholders receive additional 1.5% incremental interest or 50% residual value.
Parent and OP may receive up to ~$2.9M discretionary funding from BVI under Second Loan; $540k already advanced.
BVI must maintain $6M liquidity reserve (min $2M); G&A capped at $5M (2026), $4M (2027), $3M (2028).
Bondholders gained board representation; Israeli court appointed administrator to decide creditor claims.

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