Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 117

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 117
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, create, assume or otherwise become liable for, or repay or prepay, any indebtedness, or amend, modify                                                                                                                                         
 or refinance any indebtedness or any documents evidencing or securing any such indebtedness, in each case other than with respect to indebtedness solely among the Company and its wholly owned subsidiaries, except for any permitted draw down made in 
 the ordinary course pursuant to the terms of the Merger Agreement, or (ii) make any loans, advances or capital contributions to, or investments in, any other person, other than the Company or any direct or indirect wholly owned subsidiary of        
 the Company;                                                                                                                                                                                                                                             |

| • |     | incur or commit to incur any capital expenditure or authorization or commitment with respect thereto, except                                                                                                                                         
 (i) pursuant to the Company’s operating budget, (ii) capital expenditures for tenant improvements required under Company leases, (iii) capital expenditures for unplanned emergency building systems repairs for HVAC, elevator,                     
 mechanical or other building systems up to $500,000 upon prior written notice to Parent, and (iv) capital expenditures necessary to repair any casualty losses or restore any condemnation actions or other takings pursuant to any power of eminent 
 domain (collectively, “Takings”) in an amount up to $100,000 in the aggregate or to the extent such losses are covered by existing insurance proceeds or awards from such Takings, as applicable;                                                    |

| • |     | (i) pay, discharge, settle or satisfy any claims, liabilities or obligations (whether absolute, accrued, asserted                                                                                                                                      
 or unasserted, contingent or otherwise), other than the payment, discharge or satisfaction in the ordinary course of business consistent with past practice or as required by their terms as in effect on the date of this Agreement of claims,        
 liabilities or obligations reflected or reserved against in the most recent audited financial statements (or the notes thereto) of the Company included in the Company SEC Documents filed prior to the date hereof (for amounts not in excess of such 
 reserves) or incurred since the date of such financial statements in the ordinary course of business consistent with past practice, (ii) cancel any material Indebtedness owed to the Company or any of its Subsidiaries, (iii) make, waive,           
 release or transfer any title claim, or (iv) with respect to any Company Property (or real property that if owned or leased by the Company or any of the Company’s Subsidiaries on the date of this Agreement would be a