Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 52

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 52
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 all asset sales and refinancings of any Real Estate owned by a Subsidiary or the Borrower, in each case, to secure the Obligations and the Hedge Obligations. In no event shall Borrower or any Subsidiary of Borrower be obligated to execute a pledge to Administrative Agent if such pledge would violate the terms of any secured Indebtedness permitted hereunder on any non-Pool Property. Administrative Agent agrees that no Equity Interests to be pledged shall be certificated. With respect to the pledge of Equity Interests, Agent agrees that such pledge shall include a requirement that Agent provide at least thirty (30) days advance written notice to Borrower prior to exercising any rights to the Equity Interests pledged thereunder.

. The collectively reference to all Pool Properties as of any date.

. As of any date of calculation, the ratio expressed as a percentage of (i) the Pool NOI,
divided by (ii) the aggregate Unsecured Debt, in each case, as of such date.

. As
of any date of calculation, the ratio expressed as a percentage of (i) the aggregate Unsecured Debt,to (ii) Total Pool Value.

. As of any date of
calculation, subject to 0,Net Operating Income from all Pool Properties as of the last day of the most recently ended calendar month.

28

. Eligible Real Estate that has been
approved as a Pool Property hereunder and as to which all documents and due diligence required hereunder has been submitted, and as applicable, executed and approved in accordance with §5.1; , that the Eligible Real Estate of any
Pool Property Owner released pursuant to
§5.3§5.3hereof shall automatically cease to be a Pool Property. Schedule PP set forth all of the Pool Properties admitted to the Pool as of the Closing Date.

. From time to time with respect to any Pool Property, a Wholly Owned Subsidiary of the
Borrower which is the owner of the fee simple interest in, or the approved ground or tax increment lessee or master lessee of, such Pool Property.

. As of any date of calculation for any Pool Property, subject to 0,the Value of such Pool Property as of such date.

. Any Real Estate of Borrower or a Pool Property Owner which is not at the time included
in the Pool and which consists of (i) Eligible Real Estate, or (ii) Real Estate which is capable of becoming Eligible