Company: CIO
Filing Date: 2025-07-24
Form Type: DEFA14A
Source: 0001193125-25-163769
Chunk: 161

Company: City Office REIT, Inc.
Filing Date: 2025-07-24
Form: DEFA14A
Chunk 161
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 notice and cure periods expressly set forth in this Agreement), (ii)
Buyer’s representations and warranties set forth in this

(xix)

Agreement shall be true and correct in all material respects as of the Closing Date as if made on and as of the Closing Date, (iii) Pima Seller shall have obtained the Pima Ground Lease
Assignment Approvals relating to the Pima Assignment (the “Seller Pima Ground Lease Assignment Approvals Condition Precedent”), (iv) Block 23 Seller shall have obtained the Block 23 Ground Lease Assignment Approvals relating to the
Block 23 Assignment (the “Seller Block 23 Ground Lease Assignment Approvals Condition Precedent”), and (v) Seller shall not have exercised the Seller Termination Right pursuant to the provisions of
. Notwithstanding the foregoing or anything to the contrary in this Agreement:

4.5.1 If the Seller
Block 23 Ground Lease Assignment Approvals Condition Precedent has been satisfied as of the originally-scheduled Closing Date (regardless of the status of the Seller Pima Ground Lease Assignment Approvals Condition Precedent), then
(i) Seller and Buyer shall nevertheless proceed to consummate the Closing of the remaining Majority Real Property (i.e., excluding the Block 23 Real Property) and the Pima Real Property (if applicable in accordance with
below) in accordance with the terms and conditions of this Agreement, (ii) the Purchase Price and Deposit shall be allocated among the Block 23 Real Property, the remainder of the Majority Real Property,
and the Pima Real Property in accordance with attached hereto, and (iii) the Closing Date with respect to solely the Block 23 Real Property shall be automatically extended to the earlier of (the “Block 23 Delayed Closing Date”): (a) three hundred sixty-five (365) days after the originally-scheduled Closing Date (the “Block 23 Outside Date”); or (b) ten (10) days after Block 23 Seller obtains the Block 23 Ground Lease
Assignment Approvals. If the Seller Block 23 Ground Lease Assignment Approvals Condition Precedent has not been satisfied by the Block 23 Outside Date, then Buyer shall have the rights set forth in to terminate
this Agreement, in which event the portion of the Deposit allocated to the Block 23 Real Property will be returned to Buyer.

4.5.2 If
the Seller Pima Ground Lease Assignment Approvals Condition Precedent has been satisfied as of the originally-scheduled Closing Date (