Company: CIO
Filing Date: 2025-07-24
Form Type: DEFA14A
Source: 0001193125-25-163769
Chunk: 208

Company: City Office REIT, Inc.
Filing Date: 2025-07-24
Form: DEFA14A
Chunk 208
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 security deposit under its Lease. Notwithstanding anything to
the contrary contained in the Agreement, Seller may, but shall have no obligation to, pursue any Tenant for the payment of any Existing Unpaid Security Deposit prior to Closing. Following Closing, Buyer shall use commercially reasonable efforts to
pursue and collect all Existing Unpaid Security Deposits from the applicable Tenants and, to the extent so collected, Buyer shall promptly reimburse Seller for up to (but not in excess of) the amount of the Existing Unpaid Security Deposits for
which Seller provided a credit to Buyer at Closing.

9. Tax Clearance Certificates. Seller has heretofore made application
to the Community and the Arizona Department of Revenue (the “”) to obtain the tax clearance certificates required by Section 5.1.12 of the Agreement. Notwithstanding anything to the contrary contained in the Agreement, in
the event Seller is unable to obtain a tax clearance certificate, tax compliance certificate, certificate of good standing, or equivalent (collectively, a “”) from the ADOR or Community, as applicable, with
respect to any particular Property and/or Seller because taxes, other sums, or required filings are then outstanding, then Seller may pay all such outstanding taxes or other sums, or make all such outstanding filings, as applicable, prior to Closing
and if so paid or filed by Seller prior to Closing, and if Seller delivers to Buyer at or prior to Closing reasonably sufficient evidence that such payments and/or filings have been made, then such evidence shall suffice in lieu of delivery of a Tax
Clearance Certificate with respect to the applicable Seller and such Seller’s obligations under Section 5.1.12 of the Agreement shall thereupon be deemed to have been satisfied. Additionally, if Seller is unable to obtain any Tax Clearance
Certificate for any reason whatsoever by the Closing, then from and after the Closing, Seller shall indemnify, defend, and hold harmless Buyer for, from, and against any and all costs, loss, damages or expenses of any kind or nature arising out of
or resulting from Seller’s failure to pay any taxes, sums or other amounts owed to the ADOR or Community. This will survive the Closing.

10. Leasing Costs. Effective as of the Effective Date of the Agreement, Exhibit K attached to the Agreement is deleted in its
entirety and attached to this Amendment is inserted in its place. All references in the Agreement to “” shall hereafter be deemed to mean and refer to attached to this Amendment.

11. Full