FRANKLIN STREET PROPERTIES CORP /MA/

Under the discretionary plan component of our change-in-control program, our Board of Directors has the right, but not the obligation, to establish a discretionary pool of funds equal to 1% of our market capitalization immediately prior to the closing of the change-in-control. On December 31, 2024, there were 103,566,715 shares of our Common Stock outstanding and the closing price per share of our Common Stock was $1.83. Accordingly, on December 31, 2024, our market capitalization was $189,527,088, and 1% of our market capitalization equaled $1,895,271. Because the total amount of payments due and payable to all of our employees (including our Named Executive Officers) under the retention agreement component of our change-in-control program at December 31, 2024 exceeded 1% of our market capitalization at December 31, 2024, no funds would have been available for our Board of Directors to award under the discretionary plan component of our change-in-control program at December 31, 2024. As is the case with the retention agreement component of our change-in-control program, any payments under the discretionary plan component are subject to a possible reduction, if any, after the tax consequences are determined.