Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 78

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 78
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 in §12.5.

(b) Unless the Agent shall have been notified by any Lender prior to the applicable Drawdown Date that such
Lender will not make available to Agent such Lender’s Applicable Percentage of a proposed Loan that it is required to make hereunder, Agent may in its discretion assume that such Lender has made such Loan available to Agent in accordance with
the provisions of this Agreement and the Agent may, if it chooses, in reliance upon such assumption make such Loan available to the Borrower, and such Lender shall be liable to the Agent for the amount of such advance. If such Lender does not pay
such corresponding amount upon the Agent’s demand therefor, the Agent will promptly notify the Borrower, and the Borrower shall promptly pay such corresponding amount to the Agent, with Agent agreeing to provide Borrower with at least thirty
(30) days to make such repayment, unless Borrower has requested that Agent provide such funds on behalf of the subject Lender, in which event such repayment shall be due within two (2) Business Days. The Agent shall also be entitled to
recover from such Lender or the Borrower (without duplication), as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Agent to the Borrower to the date such
corresponding amount is recovered by the Agent at a per annum rate equal to (i) from the Borrower at the applicable rate for such Loan or (ii) from a Lender at the Federal Funds Effective Rate.

§11.10 Use of Proceeds. The Borrower and its Subsidiaries will use the proceeds of the Loans and Letters of Credit
solely to (a) pay closing costs in connection with this Agreement; (b) repay existing loans, (c) fund acquisitions of Eligible Real Estate and redevelopment and/or development projectssimultaneously becoming Pool Properties, (d) fund capital and construction expenditures, tenant improvements, leasing commissions and property and equipment acquisitions; and (e) for general working capital purposes (including without limitation to finance direct and indirect acquisitions and other investments in real estate, interest shortfalls, for the buyback, redemption, retirement or other acquisition of shares of the REIT Guarantor’s Equity Interests, and for other general operating expenses, including without limitation taxes, insurance and other expenses) but excluding(i)direct advances for the payment of any interest due hereunder, and (ii) funding acquisitions