Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 154

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 154
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 Substances on, upon or into the Pool Properties or
any surrounding properties which would reasonably be expected to give rise to liability under CERCLA or any other Environmental Law, or (e) directly or indirectly transport or arrange for the transport of any Hazardous Substances (except in
compliance with all Environmental Laws), except, any such use, generation, conduct or other activity described in clauses (a) to (e) of this §8.6 would not reasonably be expected to have a Material Adverse Effect.

The Credit Parties shall, and shall cause the other Pool Property Owners to:

(i) in the event of any change in applicable Environmental Laws governing the assessment, release or removal of
Hazardous Substances, take all reasonable action as required by such Laws, and

(ii) if any Release or
disposal of Hazardous Substances which the Transaction Parties are legally obligated to contain, correct or otherwise remediate or which may otherwise expose such Borrower or a Subsidiary to liability shall occur or shall have occurred on any Pool
Property (including without limitation any such Release or disposal occurring prior to the acquisition or leasing of such Pool Property by the Borrower or the applicable Pool Property Owner), the relevant Credit Party shall, after obtaining
knowledge thereof, cause the performance of actions required by applicable Environmental Laws at the Pool Property in material compliance with all applicable Environmental Laws; , that each of the Transaction Parties shall be deemed
to be in compliance with Environmental Laws for the purpose of this clause (ii) so long as it or a responsible third party with sufficient financial resources is taking reasonable action to remediate or manage such event to the reasonable
satisfaction of the Agent or has taken and is diligently pursuing a challenge to any such alleged legal obligation through appropriate administrative or judicial proceedings. The Agent may engage its own Environmental Engineer to review the
environmental assessments and the compliance with the covenants contained herein.

At any time after an Event of Default
shall have occurred hereunder, the Agent may at its election (and will at the request of the Majority Lenders) obtain such environmental assessments of any or all of the Pool Properties prepared by an Environmental Engineer as may be reasonably
necessary or advisable for the purpose of evaluating or confirming (i) whether any Hazardous Substances are present in the soil or water at any such Pool Property in a quantity or condition that is required to be contained, corrected or
otherwise remediated by the owner or operator of the Pool Property pursuant to applicable Environmental Laws and (ii)