Company: CIO
Filing Date: 2025-07-24
Form Type: DEFA14A
Source: 0001193125-25-163769
Chunk: 186

Company: City Office REIT, Inc.
Filing Date: 2025-07-24
Form: DEFA14A
Chunk 186
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 change, and proceeding with the Close of Escrow, or
(ii) terminating this Agreement, in which event the Deposit and any other funds deposited by Buyer into the Escrow and all interest earned thereon shall be returned to Buyer so long as Buyer is not then in breach or default under this Agreement
(subject to any applicable notice and cure period expressly set forth in this Agreement). Any such election shall be made by Buyer not later than three (3) business days from Buyer receiving such written notice. Notwithstanding the foregoing,
if Buyer elects to proceed under above, Seller shall have the right, in its sole discretion, within three (3) business days following receipt of such election from Buyer, to elect by written notice to Buyer to cure such
matter prior to Closing (and for purposes of effectuating such cure Seller shall have the right to postpone the Closing Date for up to thirty (30) days by written notice thereof delivered to Buyer and Escrow Holder on or prior to the
then-scheduled Closing Date). If Seller makes such foregoing election, then Buyer’s original notice under above shall be deemed Buyer’s election to not terminate this Agreement and proceed pursuant to above. If Buyer does not timely elect to terminate this Agreement pursuant to this , then Buyer shall be deemed to have (i) irrevocably elected to waive its rights to terminate this Agreement
pursuant to this , (ii) elected to acquire the Property on the terms set forth in this Agreement, and (iii) waived all remedies at law or in equity with respect to any changed Seller’s Representations
resulting from the facts or circumstances disclosed by Seller in its written notice to Buyer prior to Closing and Seller’s Representations shall be deemed to have been modified by all such disclosures. Anything contained herein to the contrary
notwithstanding, if (x) Buyer has actual knowledge of any inaccuracy in any of Seller’s Representations, whether as a result of notice from Seller, Buyer’s own investigations or inquiries or otherwise, or (y) any information
contained in the Due Diligence Items or any other materials provided or made available to Buyer by Seller or received by Buyer from any third party (including without limitation any report provided to Buyer by any contractor or consultant engaged by
Buyer in connection with Buyer’s investigation of the Property), in each case that is provided or made available to or received by Buyer on or before the date that is five (5) business days prior to the expiration of the Property Approval
Period, is in any way inconsistent with any