Company: CIO
Filing Date: 2025-07-24
Form Type: DEFA14A
Source: 0001193125-25-163769
Chunk: 137

Company: City Office REIT, Inc.
Filing Date: 2025-07-24
Form: DEFA14A
Chunk 137
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, the Property upon the
terms and conditions set forth in this Agreement.

(vi)

2. .

2.1 . Subject to the terms, conditions and provisions of this Agreement, Buyer shall pay the Purchase Price for the
Property as hereinafter provided in this (as increased or decreased by prorations and adjustments as herein provided).

2.2 .

2.2.1
. For all purposes of this Agreement other than , the Initial Deposit is allocated between the Majority Real Property and the Pima Real Property as set forth on Exhibit M
attached hereto. As used herein, the term “Initial Deposit” shall mean, in each case, only the portion of the Initial Deposit allocated to the applicable property (i.e., the Majority Real Property or the Pima Real Property)
as set forth on Exhibit M, as the context requires. For the avoidance of doubt, each portion of the Initial Deposit shall be held, disbursed, and applied only with respect to the real property to which it is allocated; provided,
however, that if this Agreement is terminated pursuant to , below, then Seller shall be entitled to receive and retain the entirety of the Initial Deposit regardless of such allocation. Within two
(2) business days following the “Opening of Escrow,” as that term is defined in , below, Buyer shall deliver to each Escrow Holder the portion of the Initial Deposit allocated to the
applicable real property, as set forth on Exhibit M. Each Escrow Holder shall hold and disburse the portion of the Initial Deposit delivered to it in accordance with the terms of this Agreement. The Initial Deposit shall be deposited
by Escrow Holder in an interest-bearing account at a federally insured institution as Escrow Holder and Seller deem appropriate and consistent with the timing requirements of this Agreement. The interest thereon shall accrue to the benefit of the
party receiving the Deposit pursuant to the terms of this Agreement, and Buyer and Seller hereby acknowledge that there may be penalties or interest forfeitures if the applicable instrument is redeemed prior to its specified maturity. The term
“Deposit” hereunder shall include all interest so earned thereon. Buyer agrees to provide its Federal Tax Identification Number to Escrow Holder upon the Opening of Escrow. Concurrently with Buyer’s delivery of the Approval
Notice (as defined below) and the deposit of the Additional Deposit (as defined below), the Initial Deposit shall become non-refundable except as otherwise provided in this Agreement. If Buyer does not deliver
the Approval Notice and deposit the Additional Deposit on or