Company: CIO
Filing Date: 2025-07-24
Form Type: DEFA14A
Source: 0001193125-25-163769
Chunk: 191

Company: City Office REIT, Inc.
Filing Date: 2025-07-24
Form: DEFA14A
Chunk 191
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 award or proceeds applicable to pre-Closing periods, for example in the case of a temporary taking). If Buyer fails to deliver written notice to Seller of Buyer’s election within the time period specified in this paragraph, Buyer shall be
deemed to have elected alternative above. If Buyer elects to proceed under above, Seller shall not compromise, settle or adjust any claims to such award without Buyer’s prior written
consent.

13.4 . In the event that prior to the Close of
Escrow, any non-material portion of the Real Property is subject to a taking by any public or governmental authority, Buyer shall accept the Real Property in its then condition and proceed with the
consummation of the transaction contemplated by this Agreement, in which event Buyer shall be entitled to an assignment of all of Seller’s rights to any award or proceeds payable in connection with such taking (other than any award or proceeds
applicable to pre-Closing periods, for example in the case of a temporary taking). In the event of any such non-material taking, Seller shall not compromise, settle or
adjust any claims to such award without Buyer’s prior written consent.

13.5 . For purposes of this
, damage to the Real Property or a taking of a portion thereof shall be deemed to involve a material portion thereof if (i) the estimated cost of restoration or repair, as estimated by Buyer and Seller in
their reasonable discretion, of such damage shall exceed five percent (5%) of the Purchase Price, (ii) the amount of the condemnation award with respect to such taking shall exceed five percent (5%) of the Purchase Price, or (iii) the
landlord or lessor is entitled to terminate the Block 23 Ground Lease or Pima Ground Sublease as a result of such damage, unless such termination right is waived in writing prior to Buyer’s termination of this Agreement in accordance with the
foregoing provisions of this .

13.6 . Seller agrees to give
Buyer prompt written notice of any taking of, proposed taking of, damage to or destruction of the Real Property.

(xxxviii)

Page(s) 14. Notices. All notices, consents, requests, reports, demands or other communications hereunder (collectively, “ Notices”) shall be in writing and shall be given personally or by Federal Express (or other reputable overnight delivery service) or by email as follows:

| To Seller:          |     | c/o City Office REIT, Inc.                              |
|                     |     | 666 Burrard