Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 9

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 9
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 form and substance reasonably satisfactory to the Agent.

(b) The closing of the first phase of the Phoenix Transaction shall have occurred, and Borrower shall have made
a prepayment of the Loans in an amount equal to the net proceeds of such sale (calculated based upon the gross proceeds less customary and reasonable closing costs, less the repayment of any property level debt and any amount that is being utilized
for a 1031 tax exchange or other tax distributions in connection with such sale, based on details provided by Borrower to Agent and approved by Agent in its discretion), such amount not to be less than $80,000,000.00;

(c) In connection with this Amendment, Agent shall have received all fees and amounts due and payable hereunder
on or prior to the date of this Amendment, including pursuant to that certain Fee Letter dated as of the date hereof and such other fees and amounts as agreed upon by Borrower and the Lenders, including, to the extent invoiced, reimbursement or
payment of all out-of-pocket expenses required to be reimbursed or paid by the Borrower hereunder;

(d) No
Default or Event of Default shall have occurred and be continuing; and

(e) After giving effect to this
Amendment, all representations and warranties made by the Credit Parties under the Loan Documents or otherwise made by or on behalf of the Borrower in connection therewith or after the date thereof shall have been true and correct in all material
respects when made and are true and correct in all material respects on and as of the date hereof (unless such representations are limited by their terms to a specific date in which case they shall be required to be true and correct only as of such
specified date) other than for changes in the ordinary course of business permitted by the Credit Agreement.

For the
avoidance of doubt, the holding of this Amendment in escrow shall in no way amend or modify the existing Credit Agreement and other Loan Documents, all of which remain in full force and effect, until such time as the documents become effective
pursuant to this Section 3 and escrow is broken, which must occur no later than November 16, 2025. The failure of the first phase of the Phoenix Transaction to close shall not on its own constitute a Default under the Credit Agreement.

§4. Except as specifically provided for herein, wherever located, all references in the Credit Agreement or the other
Loan Documents to the term “Credit Agreement” shall mean the Credit Agreement as amended by this