John Massocca

Mitch Germain

Ronald Kamdem

Tyler Batory

Bryan Maher

- **RMR Group Inc.'s** majority-owned subsidiary, **RMR LLC**, entered into a **Restructuring Support Agreement (RSA)** with Office Properties Income Trust (**OPI**) on **October 30, 2025**, following OPI's commencement of voluntary Chapter 11 bankruptcy cases.  **[1644378_0001104659-25-104971_tm2529929d1_8k.htm:1]** 
- Pursuant to the RSA, RMR LLC agreed to new business management and property management agreements with OPI, which will have an **initial term of five years** and are expected to take effect upon OPI's plan of reorganization.  **[1644378_0001104659-25-104971_tm2529929d1_8k.htm:1]** 
- Under the new business management agreement, RMR LLC will be paid an **annual fee of $14.0 million** for the first two years.  **[1644378_0001104659-25-104971_tm2529929d1_8k.htm:1]** 
- The new property management agreement will include a **3% property management fee** and a **5% construction supervision fee**, consistent with the existing property management agreement.  **[1644378_0001104659-25-104971_tm2529929d1_8k.htm:1]** 
- The restructuring is anticipated to **reduce OPI's total debt from approximately $2.4 billion to $1.3 billion** upon emergence from bankruptcy.  **[1644378_0001104659-25-104971_tm2529929d1_8k.htm:1]**

RMR GROUP (RMR)