Company: CIO
Filing Date: 2025-07-24
Form Type: DEFA14A
Source: 0001193125-25-163769
Chunk: 204

Company: City Office REIT, Inc.
Filing Date: 2025-07-24
Form: DEFA14A
Chunk 204
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 be payable by Seller
in connection with the termination of this Agreement under any other provision (i.e., other than Seller’s unilateral termination right set forth in this ) of this Agreement. As used herein, “Seller Termination Fee Payment Condition Precedent” means that Buyer has acknowledged in writing its acceptance of the Seller Termination Certification and that Buyer has duly executed and delivered to Seller a written release, in commercially
reasonable form and substance prepared by Seller, of all Claims of Buyer arising, or that may arise, under this Agreement (other than with respect to Seller’s obligation to pay the Seller Termination Fee upon the satisfaction of the Seller
Termination Fee Payment Condition Precedent), including, without limitation, any Claims relating to the facts or circumstances underlying Seller’s exercise of the Seller Termination Right. The provisions of this
shall survive the termination of this Agreement.

(xlvi)

27. . So long as Buyer provides Seller with drafts of each Subordination, Non-Disturbance and Attornment Agreement (“SNDA”) contemplated under this within twenty (20) days after the Effective Date, Seller agrees to deliver each
such SNDA to each tenant under the Leases, if any, that by their express terms are either not automatically self-subordinating to future deeds of trust or for which such self-subordination is conditioned upon receipt of a non-disturbance agreement from the applicable lender, at the same time that Seller delivers the Estoppel Certificates to such tenants, and Seller will request that each SNDA be signed and notarized and returned to
Seller. Buyer shall be responsible for the preparation of such SNDA form for each such tenant. Upon receipt of any such SNDAs so executed by tenants, Seller will deliver the same to Buyer. If any tenant requests to modify the form of the SNDA,
Seller shall submit such proposed modifications to Buyer for review and approval; provided that all communications with tenants regarding the SNDAs shall be conducted by Seller, and Buyer shall have no direct communication with tenants regarding the
SNDAs, unless Seller otherwise so directs in writing. In no event will Buyer’s receipt of executed SNDAs, or any of them, be a condition to Buyer’s obligation to close the transaction contemplated by this Agreement. In addition,
Seller’s failure to obtain any executed SNDAs will not constitute a default by Seller under this Agreement.

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(xlvii)

Page(s) IN WITNESS WHEREOF, the parties hereto have executed this Agreement