I ran into this today. There is probably something wrong my setup, but still, it shouldn't cause exceptions. I'm using PUN 2.9
(Filename: C:/Projects/IncidentCommander/IC_Unity/Incident Commander/Assets/Plugins/Photon/PhotonUnityNetworking/Code/PhotonView.cs Line: 367)
NullReferenceException: Object reference not set to an instance of an object
at Photon.Pun.PhotonView.SerializeComponent (UnityEngine.Component component, Photon.Pun.PhotonStream stream, PhotonMessageInfo info) [0x0003b] in C:\Projects\IncidentCommander\IC_Unity\Incident Commander\Assets\Plugins\Photon\PhotonUnityNetworking\Code\PhotonView.cs:367
at Photon.Pun.PhotonView.SerializeView (Photon.Pun.PhotonStream stream, PhotonMessageInfo info) [0x00035] in C:\Projects\IncidentCommander\IC_Unity\Incident Commander\Assets\Plugins\Photon\PhotonUnityNetworking\Code\PhotonView.cs:329
at Photon.Pun.PhotonNetwork.OnSerializeWrite (Photon.Pun.PhotonView view) [0x00085] in C:\Projects\IncidentCommander\IC_Unity\Incident Commander\Assets\Plugins\Photon\PhotonUnityNetworking\Code\PhotonNetworkPart.cs:1520
at Photon.Pun.PhotonNetwork.RunViewUpdate () [0x000a9] in C:\Projects\IncidentCommander\IC_Unity\Incident Commander\Assets\Plugins\Photon\PhotonUnityNetworking\Code\PhotonNetworkPart.cs:1449
at Photon.Pun.PhotonHandler.LateUpdate () [0x00025] in C:\Projects\IncidentCommander\IC_Unity\Incident Commander\Assets\Plugins\Photon\PhotonUnityNetworking\Code\PhotonHandler.cs:132