Company: CIO
Filing Date: 2025-08-15
Form Type: DEFA14A
Source: 0001193125-25-181889
Chunk: 220

Company: City Office REIT, Inc.
Filing Date: 2025-08-15
Form: DEFA14A
Chunk 220
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 agrees with the Lenders and Agent that neither of the Credit Parties shall claim any offset or other reduction of such
Credit Party’s obligations hereunder because of any such indebtedness and shall not take any action to obtain any of the assets of the other Credit Parties so long as the Loans are outstanding.

§45.7 Waiver of Rights Under Anti-Deficiency Rules. Without limiting any other provision of this §36,
each Credit Party understands and acknowledges that, if the Agent forecloses judicially or nonjudicially against any real property that may be security for the Obligations, such foreclosure could impair or destroy any right or ability that such
Credit Party may have to seek reimbursement, contribution, or indemnification for any amounts paid by such Credit Party under this Agreement. Each Credit Party further understands and acknowledges that in the absence of this waiver such potential
impairment or destruction of such Credit Party’s rights, if any, may entitle such Credit Party to assert a defense to this Agreement based on California Code of Civil Procedure §580d as interpreted in ,
(1968) 265 CA 2d 40, 71 CR 64, on the grounds, among others, that the Agent or the Lenders should be estopped from pursuing such Credit Party because their election to foreclose may have impaired or destroyed such subrogation, reimbursement,
contribution, or indemnification rights of such Credit Party. By execution of this Agreement, each Credit Party intentionally, freely, irrevocably, and unconditionally: (i) waives and relinquishes that defense and agrees that such Credit Party
will be liable under this Agreement even though the Agent has foreclosed judicially or nonjudicially against any real or personal property that is security for the Obligations; (ii) agrees that such Credit Party will not assert that defense in
any action or proceeding which the Agent or the Lenders may bring to enforce this Agreement; and (iii) acknowledges and agrees that until the Obligations have been indefeasibly paid in full, the rights and defenses waived by such Credit Party
in this Agreement include any right or defense that such Borrower may have or be entitled to assert based on or arising out of California Civil Code §2848, to the extent now or hereafter applicable.

§45.8 Further Waivers. Each Credit Party intentionally, freely, irrevocably and unconditionally waives and
relinquishes all rights which may be available to it under any provision of