Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 161

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 161
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 that, if the Pool Leverage Ratio is greater than 60% during any applicable period, then the Borrower and REIT Guarantor shall be deemed to be in compliance with this (a)so long as (a) the Borrower
completed a Material Acquisition that was financed principally with Unsecured Debt during the quarter in which such ratio first exceeded the applicable forgoing percentage, (b) such ratio does not exceed 60% for a period of more than four
consecutive fiscal quarters immediately following the fiscal quarter in which such Material Acquisition was completed, and (c) such ratio is not greater than sixty five percent (65%) at any time.

(b) . The Pool Debt Yield shall not be less than ten and one-half percent
(10.5%) at any time.

Cash Collateral Requirement. If at any time the Pool Leverage Ratio exceeds fifty percent (50%) or the Pool Debt Yield is less than thirteen percent (13.00%), Borrower shall provide cash collateral in an amount such that, if applied to reduce theoutstanding principal balance of theLoans, would result in a Pool Leverage Ratio of no greater than fifty percent (50%) and a Pool Debt Yield of no less than thirteen percent (13.00%). Such cash collateral shall be held in a deposit account in Borrower’s name but under Agent’s sole dominion and control for the benefit of the Lenders (such account, the “Reserve Collateral Account”), and shall be held as collateral for the Obligations. The balance of the Reserve Collateral Account shall be promptly paid over to Borrower upon the satisfaction of the Reserve Collateral Account Release Condition.

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(c)Minimum Occupancy:The aggregate Occupancy Ratio of the Pool Properties must equal or exceed 80%.

(d)Pool Composition. The Pool shall consist of no less than seven (7) Pool Properties at any time.

(e)Pool Concentration. At all times, the Pool will be subject to the following concentration limits:

(i) No single Pool Property shall comprise (i) at any time prior to May 16, 2022, in excess of 35% of the Total Pool Value, or (ii) at any time thereafter, in excess of 30% of the Total Pool Value, in each case with any excess being excluded from Total Pool Value.

(ii) No single tenant’s revenues shall comprise in excess of 20% of the aggregate rental revenue from the Pool, with any excess being excluded from Pool NOI.

(iii)RemainingPool