Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 147

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 147
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 course of
business but not incurred through (i) the borrowing of money, or (ii) the obtaining of credit except for credit on an open account basis customarily extended and in fact extended in connection with normal purchases of goods and services;

(iii) Indebtedness in respect of taxes, assessments, governmental charges or levies and claims for labor,
materials and supplies to the extent that payment therefor shall not at the time be required to be made in accordance with the provisions of §7.8;

(iv) Indebtedness in respect of judgments only to the extent, for the period and for an amount not resulting in
an Event of Default;

(v) endorsements for collection, deposit or negotiation and warranties of products or
services, in each case incurred in the ordinary course of business;

84

(vi) Indebtedness incurred to any other landowners, government
or quasi-government or entity or similar entity in the ordinary course of business in connection with the construction or development of any Real Estate, including, without limitation, subdivision improvement agreements, development agreements,
reimbursement agreements, infrastructure development agreements, agreements to construct or pay for on-site or off-site improvements and similar agreements incurred in the ordinary course of business in connection with the development of Real Estate
or construction of infrastructure in connection therewith;

(vii) To the extent constituting Indebtedness,
the redemption obligations set forth in the Partnership Agreement;

(viii) Indebtedness of the Borrower
under carve-out guaranties and environmental indemnifications on first mortgage or other property related loans of its Subsidiaries that are otherwise permitted hereunder, provided the Borrower shall use commercially reasonably efforts to have any
such guaranties or environmental indemnifications be provided by the REIT Guarantor before being provided by the Borrower;

(ix) Unsecured Debt (other than the Obligations) of the REIT Guarantor, Borrower and their Subsidiaries provided (i) the Borrower remains in compliance with covenants set forth in §9 and no payment of the Obligations is required under §3.2 after giving effect to such Unsecured Debt, and (ii) no such Indebtedness shall be incurred by a Pool Property Owner prior to the Investment Grade Pricing Date;

(ix)(x)Non-Recourse Indebtedness of a Subsidiary (but not any Pool Property Owner or parent thereof) of the Borrower which is secured only by the assets of such Subs