Company: CIO
Filing Date: 2025-07-24
Form Type: DEFA14A
Source: 0001193125-25-163769
Chunk: 172

Company: City Office REIT, Inc.
Filing Date: 2025-07-24
Form: DEFA14A
Chunk 172
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 and not with respect to amount or any other factor;
provided that Seller shall be responsible for the payment of all unrealized Rent Concessions which become due and payable (whether before or after Closing) as a result of any renewals or modifications of the Leases entered into by Seller prior to
the Effective Date, and accordingly, Buyer shall receive a credit at Closing for all such amounts. Subject to the foregoing credit for unrealized Rent Concessions, from and after Closing, Buyer shall be solely responsible for all Rent Concessions
associated with the Leases.

(xxvi)

8.9 . Fixed monthly rents, ground rents, and any percentage rent,
escalation charges for real property taxes, parking charges, utility charges, administrative charges, operating expenses and maintenance escalation rents or charges, cost of living increases or other charges of a similar nature, if any, payable by
the ground tenants under the Pima Ground Subleases and Block 23 Ground Lease will be prorated at Closing. Seller will be responsible for all such amounts up to, but not including, the Closing Date and Buyer shall be responsible for all such amounts
thereafter.

8.10 . At least two (2) business days prior to the Close of Escrow, the parties shall agree
upon all of the prorations to be made and submit a statement to Escrow Holder setting forth the same. Buyer and Seller shall cooperate in good faith to make a final reconciliation of prorations, apportionments or computations made under this
within one hundred eighty (180) days after the Close of Escrow. In the event that any prorations, apportionments or computations made under this shall require final
adjustment following the Closing, then the parties shall make the appropriate adjustments promptly when accurate information becomes available and either party hereto shall be entitled to an adjustment to correct the same, but in no event shall such
final adjustment occur later than one hundred eighty (180) days following the Close of Escrow (other than with respect to the Final Reconciliation). Any corrected adjustment or proration shall be paid in cash to the party entitled thereto
within thirty (30) days after written demand and reasonable supporting documentation. The provisions of this shall survive the Close of Escrow.

9. . Seller hereby covenants with Buyer, as follows:

9.1 . Between the Effective Date and the expiration of the Property Approval Period, Seller may freely enter into any new
Contracts or any amendments, modifications, or supplements to existing Contracts (