Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 134

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 134
---
 is qualified to elect or has elected status as a real estate investment trust
under Section 856 of the Code and currently is in compliance in all material respects with all provisions of the Code applicable to the qualification of the REIT Guarantor as a real estate investment trust.

§16. AFFIRMATIVE COVENANTS. The Borrower covenants and agrees that, so long as any Loan or Note is outstanding or any Lender has
any obligation to make any Loans:

§16.1 Punctual Payment. The Borrower will duly and punctually pay or cause
to be paid the principal and interest on the Loans and all interest and fees provided for in this Agreement, all in

76

accordance with the terms of this Agreement and the Notes, as well as all other sums owing
pursuant to the Loan Documents in accordance with the terms hereof.

§16.2 Maintenance of Office. Each Credit
Party will maintain its respective chief executive office at 1075 West Georgia Street, Suite 2600, Vancouver, BC Canada V6E 3C9, or at such other as the Borrower shall designate upon prompt written notice to the Agent and the Lenders, where notices,
presentations and demands to or upon the Borrower in respect of the Loan Documents may be given or made.

§16.3
Records and Accounts The Credit Parties will (a) keep, and cause each of their respective Subsidiaries to keep true and accurate records and books of account in which full, true and correct entries will be made in accordance with GAAP
(in each case, in all material respects) and (b) make adequate provision for the payment of all Taxes (including income taxes). Neither Borrower nor any of their respective Subsidiaries shall, without the prior written consent of the Agent
(x) make any material change to the accounting policies/principles used by such Person in preparing the financial statements and other information described in §6.4 or §7.4 (unless required by GAAP or other applicable accounting
standards), or (y) change its fiscal year.

§16.4 Financial Statements, Certificates and Information.
Borrower will deliver or cause to be delivered to the Agent:

(a) not later than one hundred twenty
(120) days after the end of each calendar year, the audited Consolidated balance sheet of the REIT Guarantor at the end of such year, and the related audited consolidated statements of income, changes in