Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 48

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 48
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 note, indemnity agreement or other document), or (v) result from the borrowing Subsidiary and/or its assets becoming the subject of a voluntary or involuntary bankruptcy,
insolvency or similar proceeding.

. Indebtedness of the REIT Guarantor, Borrower,
their respective Subsidiaries, or non wholly owned Affiliates of any such Person, which is secured by one or more parcels of Real Estate (other than a Pool Property) or interests therein or equipment and which is not a general obligation of the REIT
Guarantor, Borrower or such Subsidiary or non wholly owned Affiliate, the holder of such Indebtedness having recourse solely to the parcels of Real Estate, or interests therein, securing such Indebtedness or the direct owner of such real estate, the
leases thereon and the rents, profits and equity thereof or equipment, as applicable (except for recourse against the general credit of the Person obligated

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thereon for any Non-Recourse Exclusions), that in calculating the amount of Non-Recourse Indebtedness at any time, the Borrower’s reasonable estimate of the amount of any
Non-Recourse Exclusions which are the subject of a claim and action shall not be included in the Non-Recourse Indebtedness but shall constitute Recourse Indebtedness. Non-Recourse Indebtedness shall also include Indebtedness of a Subsidiary of the
REIT Guarantor or Borrower that is not a Subsidiary Guarantor or of a non wholly owned subsidiary which is a special purpose entity that is recourse solely to such Subsidiary or non wholly owned Affiliate , which is not cross-defaulted to other
Indebtedness of the Borrower and which does not constitute Indebtedness of any other Person (other than such Subsidiary or non wholly owned Affiliate which is the borrower thereunder).

. A promissory note in the form attached hereto as Exhibit A-1, A-2, or B payable to a Lender evidencing
certain of the Obligations of a Class ofthe Borrower to such Lender and executed by Borrower, as the same may be amended, supplemented, modified or restated from time to time; “ Notes” means, collectively, all of such Notes outstanding at any given time.

. See §19.

. The term “Obligations” shall mean and include:

A. The payment