Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 234

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 234
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 the Company Disclosure Letter), and (B) the Company shall not, and it
shall not agree to, amend, modify, supplement or waive the terms and conditions of the outstanding Indebtedness, including, without limitation, changing any of the parties subject to the obligations of such Indebtedness of the Company, increasing
the principal amount or interest due or changing the maturity date.

(e) Notwithstanding anything to the contrary in this
Section 5.15 and Section 6.1(c), but subject in all respects to the terms of Section 5.1, the Company and its Subsidiaries shall be permitted to, without the prior consent of Parent, take such actions as are necessary in the ordinary
course of business for the Company and its Subsidiaries to maintain compliance with the debt obligations of the Company and its Subsidiaries.

Section 5.16 .

(a) The Company shall make available to Parent, (i) within three Business Days after the end of each calendar month, if requested in
writing by Parent for such calendar month and (ii) three Business Days prior to the anticipated Closing Date, an update of the type of ordinary course reports prepared and provided to the Company’s management team on a regular basis
regarding the Company’s business operations, as of (x) in respect of clause (i), the end of the preceding calendar month and (y) in respect of clause (ii), the most recent practicable date prior to the anticipated Closing Date.

(b) The Company shall update the rent rolls provided to Parent pursuant to Section 3.18(e) of the Company Disclosure Letter on a monthly
basis and deliver to Parent such updated rent roll (i) no later than the third Business Day following the last day of each preceding month and (ii) three Business Days prior to the anticipated Closing Date.

Section 5.17 . If requested in writing by Parent, the Company shall obtain and deliver to Parent
at the Closing, in form reasonably satisfactory to Parent, resignations effective as of the Merger Effective Time executed by each director and officer of Company and its Subsidiaries in office immediately prior to the Merger Effective Time.

Section 5.18 (a) The Company shall deliver to each holder of record of Company
Preferred Shares a notice of redemption (the “”) with respect to the Company Preferred Shares held by such holder in accordance with the requirements set forth in the Company Organizational
Documents; (b) at or prior to the Merger