Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 116

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 116
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 a Subsidiary of Borrower be included as a Pool Property in connection with the request of any Loan as contemplated by §5.1 and such Real Estate is approved for inclusion as a Pool Property in accordance with the terms hereof, subject to§5.4§5.5below, the Borrower shall cause each such Subsidiary to execute and deliver to Agent a Joinder Agreement wherein, as approved by the Agent, such Subsidiary shall become a Subsidiary Guarantor hereunderand shall join the applicable Pledge Agreements. Each such Subsidiary shall be authorized, in accordance with its respective organizational documents, to be a Subsidiary Guarantor hereunder and to executed such Loan Documents as Agent may require. Borrower shall further cause all representations, covenants and agreements in the Loan Documents with respect to the Subsidiary Guarantors to be true and correct with respect to each such Subsidiary from and after the date such Subsidiary executes and delivers a Joinder Agreement. In connection with the delivery of such Joinder Agreement, Borrower shall deliver to the Agent such organizational agreements, resolutions, consents, opinions and other documents and instruments as the Agent may reasonably require.

§14.5§5.4Release of Certain Subsidiary Guarantors.

(a) In the event that all Pool Properties owned by a Subsidiary Guarantor
shall have been released from the Pool in accordance with the terms of this Agreement, then such Subsidiary Guarantor shall be deemed to be fully released of all Obligations and all Hedge Obligations without the need of any further actions from
Agent or any Lender.

(b) Notwithstanding anything herein to the contrary, upon the Investment Grade
Pricing Date, no Subsidiary of the Borrower shall be required to become a Subsidiary Guarantor unless (i) such Subsidiary creates, incurs, acquires, assumes, suffers to exist or otherwise is or becomes liable

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(whether as a borrower, co-borrower, guarantor or otherwise) with respect to any
Indebtedness that is Recourse Indebtedness or Unsecured Indebtedness or (ii) the REIT Guarantor or the Borrower cease to have an Investment Grade Rating. Upon the occurrence of the Investment Grade Pricing Date, and provided that no Default or
Event of Default exists, the Agent shall promptly release any Pool