BXPBXP, Inc.

Certain Relationships and Related Person Transactions

“The Board of Directors has adopted a Related Person Transaction Approval and Disclosure Policy for the review and approval of any related person transaction. This written policy provides that all related person transactions must be reviewed and approved by a majority of the independent directors of our Board of Directors in advance of us or any of our subsidiaries entering into the transaction; provided that, if we or any of our subsidiaries enters into a transaction without recognizing that such transaction constitutes a related person transaction, the approval requirement will be satisfied if such transaction is promptly reviewed, approved and ratified by a majority of the independent directors of our Board of Directors. If any related person transaction is not approved or ratified by a majority of the independent directors of our Board, then to the extent permitted under applicable law, management shall use all reasonable efforts to amend, cancel or rescind the transaction. In addition, any related person transaction previously approved by a majority of the independent directors of our Board or otherwise already existing that is ongoing in nature shall be reviewed by a majority of the independent directors of our Board annually to ensure that such related person transaction has been conducted in accordance with the previous approval granted by such independent directors, if any, and remains appropriate.”

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Certain Relationships and Related Person Transactions

“The term “related person transaction” refers to a transaction required to be disclosed by us pursuant to Item 404 of Regulation S-K (or any successor provision) promulgated by the SEC other than a transaction for which an obligation to disclose under Item 404 of Regulation S-K (or any successor provision) arises solely from the fact that a beneficial owner of more than 5% of a class of the Company’s voting securities (or an immediate family member of any such beneficial owner) has an interest in the transaction. For purposes of determining whether disclosure is required, a related person will not be deemed to have a direct or indirect material interest in any transaction that is deemed to be immaterial (or would be deemed immaterial if such related person was a director) for purposes of determining director independence pursuant to the Company’s categorical standards of director independence. Please refer to the categorical standards under “Proposal 1 / Election of Directors - Director Independence” beginning on page 22.”

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Certain Relationships and Related Person Transactions

“We are partners with an affiliate of Norges Bank Investment Management in joint ventures that own Times Square Tower, 601 Lexington Avenue, 100 Federal Street, Atlantic Wharf Office, 290 Binney Street and 300 Binney Street. Based on a Schedule 13G/A filed with the SEC on April 4, 2025, Norges Bank (The Central Bank of Norway), an affiliate of Norges Bank Investment Management, is the beneficial owner of more than 5% of our common stock.”

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Certain Relationships and Related Person Transactions

“We lease office space at our Santa Monica Business Park property to an entity that was acquired by an affiliate of BlackRock, Inc. in August 2018. Additionally, effective as of June 2025, we lease office space at our The Quarry at Weston property to an entity owned by an affiliate of BlackRock, Inc. Based on a Schedule 13G/A filed with the SEC on October 17, 2025, BlackRock, Inc. is the beneficial owner of more than 5% of our common stock. Since January 1, 2025, the BlackRock, Inc. affiliates paid the Company approximately $1.14 million and $1.22 million, respectively, in lease payments.”

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Certain Relationships and Related Person Transactions

“Effective as of January 2025, we lease office space at our 601 Lexington Avenue property to an affiliate of State Street Corporation. Based on a Schedule 13G/A filed with the SEC on January 30, 2024, State Street Corporation is the beneficial owner of more than 5% of our common stock. Since January 1, 2025, the State Street Corporation affiliate paid the Company approximately $2.01 million in lease payments.”

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