Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 23

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 23
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 of the
Borrower or any Subsidiary to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as
liabilities on a balance sheet of the Borrower and its Subsidiaries under GAAP and the amount of which obligations shall be the capitalized amount thereof determined in accordance with GAAP.

. On an annual basis, an amount equal to $0.25 per square foot. The Capital Reserve shall be calculated
based on the total rentable square footage of the Buildings owned (or ground leased) at the end of each fiscal quarter, less the square footage of unoccupied space held for development or redevelopment.

. All shares of capital stock (whether denominated as common or preferred stock), equity interests,
partnership, limited liability company, or membership interests, joint venture interests or other ownership interests in or equivalents of or in a Person (other than an individual), whether voting or non-voting.

. For any Real Estate, a percentage equal to (a) if such Real Estate is a CBDthe Bloc 83 Property or the TerracesProperty, 6.50%or,(b)if such Real Estate is the Park Tower Property, 8.00%, or (c)otherwise,7.258.75%.

. A lease under which the discounted future rental payment obligations of the lessee or the obligor
are required to be capitalized on the balance sheet of such Person in accordance with GAAP.

. A special deposit account established by the Agent pursuant to §12.7 and under its sole dominion and control.

. As of any date, (i) securities issued or directly and fully guaranteed or insured by the United
States government or any agency or instrumentality thereof having maturities of not more than one year from such date, (ii) time deposits and certificates of deposits having maturities of not more

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than one year from such date and issued by any domestic commercial bank having, (A) senior long term unsecured debt rated at least A or the equivalent thereof by S&P or A2 or the
equivalent thereof by Moody’s and (B) capital and surplus in excess of $100,000,000; (iii) repurchase agreements for securities of the type described in clause (a) above entered into only with commercial banks having the
qualifications described in clause (b) above, and (iv)