Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 115

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 115
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3§5.2Release of Pool Property. Provided no Default or Event of Default shall have occurred hereunder and be continuing (or would exist immediately after giving effect to the transactions contemplated by this §5.35.3including any paydown of the Loans in connection with the transactions contemplated by this §5.35.3), the Agent shall release a Pool Property from the Pool,and release the Subsidiary Guarantor from the Guaranty and the Equity Interests in such Subsidiary Guarantor from the lien or security title of the Security Documentsupon the request oftheBorrower subject to and uponsatisfaction of each ofthe following terms and conditions:

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(a) The Borrower shall have provided the Agent with written
notice of its intention to remove any specified Pool Property from the Poolrelease the Subsidiary Guarantorat least ten (10) days prior to the requested release (which notice may be revoked by Borrower at any time), together with such financial information and documentation respecting the proposed sale or refinancingof such Real Estate asthe Agent may reasonably request;

(b) Borrower shall submit to the Agent with such request an
executed Borrowing Base Availability Certificate in the form of , adjusted in the best good faith estimate of Borrower solely to give effect to the proposed release and demonstrating that no Default or Event of Default with respect
to the covenants referred to therein shall exist after giving effect to such release and if the Borrower would not be in compliance, then any reduction in the outstanding amount of the Loans in connection with such release;

(c) all release documents to be executed by the Agent shall be in form and substance reasonably satisfactory to
the Agent;

(d) Borrower shall pay all reasonable costs and expenses of the Agent in connection with such
release, including without limitation, reasonable attorney’s fees;

(e) Borrower shall pay to the
Agent for the account of the Lenders any payment required to comply with §3.2, which payment shall be applied to reduce the outstanding principal balance of the Loans as provided in §3.2; and

(f) without limiting or affecting any other provision hereof, any release of a Pool Property will not cause the
Borrower to be in violation of the covenants set forth in §§9.1 through 9.7.

§14.4§5.3Additional Subsidiary Guarantors. As and to the extent that Borrower shall request that certain Real Estate owned directly or indirectly by