Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 152

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 152
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 in Real Estate; plus (ii) such Person’s pro rata share of any other Investments
valued at the GAAP book value.

For the avoidance of doubt, to the extent the same constitutes an Investment, this
§8.3 shall not prohibit any buyback, redemption, retirement or other acquisition of shares of the REIT Guarantor’s Equity Interests that is permitted to be made as a Distribution pursuant to §8.7.

§17.4 Merger, Consolidation. No Transaction Party will become a party to any dissolution, liquidation, disposition
of all or substantially all of its assets or business, Division, merger, reorganization, consolidation or other business combination or agree to effect any asset acquisition, stock acquisition or other acquisition individually or in a series of
transactions which may have a similar effect as any of the foregoing (including a Division), in each case without the prior written consent of the Majority Lenders except for (i) the merger or consolidation of one or more of the Subsidiaries of
Borrower (other than any Subsidiary that is a Pool Property Owner) with and into Borrower (it being understood and agreed that in any such event Borrower will be the surviving Person), (ii) the merger or consolidation of two or more
Subsidiaries of Borrower (other than any Subsidiary that is a Pool Property Owner), or (iii) in connection with the release of all Pool Properties owned by such Pool Property Owner.

Notwithstanding anything to the contrary in this §8.4 or in §8.8, the Borrower shall not, and shall not permit any
other Credit Party or any of their Subsidiaries to, consummate (i) any sale, merger, transfer, or any similar transaction with respect to any Real Estate or Equity Interests in any Person if the value or consideration of such transaction,
together with the value or consideration of all other similar transactions consummated in the immediately preceding twelve months, would exceed fifteen percent (15%) of the Total Asset Value on such date, unless the Borrower shall have
delivered to the Agent, at least five (5) Business Days prior to the expected consummation date for such transaction, written notice of such transaction (with reasonable detail) together with a Compliance Certificate evidencing that no Default
or Event of Default would exist after giving effect to such transaction or result therefrom, or (ii) any proposed merger that would resulting in an increase of