Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 156

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 156
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redemption and dividend reinvestment plans, for each quarter end for the preceding twelve month period, not to exceed (as applicable) the Payout Ratio set forth in §9.8 for any applicable period, and (c) the Borrower and its Subsidiaries
may make Distributions declared and paid ratably by Subsidiaries to the Borrower or REIT Guarantor with respect to their capital stock or equity interest.

§17.8 Asset Sales. The Credit Parties will not sell, transfer or otherwise dispose of any material
asset (including pursuant to a Division) other than pursuant to a bona fide arm’s length transaction or if replaced with an asset of equal value, and subject in all instances to §5.3§5.3 and the second paragraph of §8.4.

§17.9 Pool
Properties. The Credit Parties shall not, nor shall they permit any other Transaction Party or Subsidiary, directly or indirectly, to:

(a) use or occupy or conduct any activity on, or knowingly permit the use or occupancy of or the conduct of any
activity on any Pool Properties by any tenant, in any manner which violates any Legal Requirement or which constitutes a public or private nuisance in any manner which would have a Material Adverse Effect or which makes void, voidable, or cancelable
any insurance then in force with respect thereto or makes the maintenance of insurance in accordance with §7.7 commercially unreasonable (including by way of increased premium). Without limiting the foregoing, no Transaction Party shall, and
shall not knowingly suffer or permit a tenant under any Lease to, violate any Legal Requirements in any material respect affecting a Pool Property, including the Controlled Substances Act, and upon learning of any conduct contrary to this Section,
such Credit Party shall immediately take all actions reasonably expected under the circumstances to terminate any such use of the Pool Property, including: (i) to give timely notice to an appropriate law enforcement agency of information that
led such Transaction Party to know such conduct had occurred, and (ii) in a timely fashion to revoke or make a good faith attempt to revoke permission for those engaging in such conduct to use the Pool Property or to take

90

reasonable actions in consultation with a law enforcement agency to discourage or prevent the illegal use of the Pool Property;

(b) without the prior written consent of Agent (which consent shall not be unreasonably withheld, conditioned or
delayed), except in connection with any construction, development or redevelopment of any real estate,