LOAN AGREEMENT Dated as of July 18, 2014 Between CIO LAKE VISTA, LIMITED PARTNERSHIP, as Borrower and SECURITY BENEFIT LIFE INSURANCE COMPANY, as Lender Loan Amount: $18,460,000.00Loan Agreement • July 24th, 2014 • City Office REIT, Inc. • Real estate investment trusts • New York
THIS LOAN AGREEMENT, dated as of July 18, 2014 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this “Agreement”), between SECURITY BENEFIT LIFE INSURANCE COMPANY, a Kansas insurance company, having an address at One Security Benefit Place, Topeka, Kansas 66636 (“Lender”), and CIO LAKE VISTA, LIMITED PARTNERSHIP, a Delaware limited partnership, having its principal place of business at c/o City Office REIT, Inc., 1075 West Georgia Street, Suite 2600, Vancouver, British Columbia V6E 3C9, Canada (“Borrower”).
PROMISSORY NOTEPromissory Note • July 24th, 2014 • City Office REIT, Inc. • Real estate investment trusts
FOR VALUE RECEIVED, CIO LAKE VISTA, LIMITED PARTNERSHIP, a Delaware limited partnership, as maker, having its principal place of business at c/o City Office REIT, Inc., 1075 West Georgia Street, Suite 2600, Vancouver, British Columbia V6E 3C9, Canada (together with its respective permitted successors and assigns, “Borrower”), hereby unconditionally promises to pay to the order of SECURITY BENEFIT LIFE INSURANCE COMPANY, a Kansas insurance company, as payee, having an address at One Security Benefit Place, Topeka, Kansas 66636 (together with its successors and assigns, “Lender”), or at such other place as the holder hereof may from time to time designate in writing, the principal sum of EIGHTEEN MILLION FOUR HUNDRED SIXTY THOUSAND AND NO/100 DOLLARS ($18,460,000.00), in lawful money of the United States of America with interest thereon to be computed from the date of this Note at the Interest Rate, and to be paid in accordance with the terms of this Note and that certain Loan Agreement,
GUARANTY AGREEMENTGuaranty Agreement • July 24th, 2014 • City Office REIT, Inc. • Real estate investment trusts • New York
THIS GUARANTY AGREEMENT (this “Guaranty”) is executed as of July 18, 2014, by CITY OFFICE REIT, INC., a Maryland corporation, having an address at 1075 West Georgia Street, Suite 2600, Vancouver, British Columbia V6E 3C9, Canada (together with its permitted successors and assigns, whether one or more, collectively referred to as “Guarantor”), for the benefit of SECURITY BENEFIT LIFE INSURANCE COMPANY, a Kansas insurance company, having an address at One Security Benefit Place, Topeka, Kansas 66636 (together with its successors and assigns, “Lender”).
