Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 104

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 104
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 Loans shall be determined by the Agent without
reference to the SOFR component of Base Rate) and (z) the component of Base Rate based upon Term SOFR will not be used in any determination of Base Rate, in each case, until the Agent revokes such notice. Upon receipt of such notice, the
Borrower may revoke any pending request for a borrowing of, conversion to or continuation of SOFR Loans or, failing that, will be deemed to have converted such request into a request for Base Rate Loans in the amount specified therein. Upon any such
conversion, the Borrower shall also pay any additional amounts required pursuant to §4.8.

(ii) If the Agent
determines (which determination shall be conclusive and binding on the Borrower) that Daily Simple SOFR, Adjusted Term SOFR, SOFR cannot be determined permanently pursuant to the definition thereof as a result of a Benchmark Transition Event, the
Agent will promptly so notify the Borrower and each Lender, and the provisions of §4.16 of this Agreement shall be applicable. Upon notice thereof by the Agent to the Borrower and the Lenders, (x) any obligation of the Lenders to make or
continue SOFR Loans or to convert Base Rate Loans to SOFR Loans shall be suspended, (y) all SOFR Loans shall be immediately converted to Base Rate Loans (the interest rate on which Base Rate

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Loans shall be determined by the Agent without reference to the SOFR component of Base Rate) and (z) the component of Base Rate based upon SOFR will not be used in any determination of Base
Rate. Upon receipt of such notice, the Borrower may revoke any pending request for a borrowing of, conversion to or continuation of SOFR Loans or, failing that, will be deemed to have converted such request into a request for Base Rate Loans in the
amount specified therein. Unless and until the Agent and the Borrower have amended this Agreement to provide for a Benchmark Replacement in accordance with §4.16 of this Agreement, all Loans shall be Base Rate Loans.

§13.7 Illegality. Notwithstanding any other provisions herein, if any Change in Law shall make it unlawful, or any
central bank or other Governmental Authority having jurisdiction over a Lender or its Applicable Lending Office shall assert that it is unlawful, for any Lender to make or maintain SOFR Loans, such Lender shall forthwith give notice of such
circumstances to the Agent and the