Company: CIO
Filing Date: 2025-07-24
Form Type: DEFA14A
Source: 0001193125-25-163769
Chunk: 162

Company: City Office REIT, Inc.
Filing Date: 2025-07-24
Form: DEFA14A
Chunk 162
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regardless of the status of the Seller Block 23 Ground Lease Assignment Approvals Condition Precedent),
then (i) Seller and Buyer shall nevertheless proceed to consummate the Closing of the Majority Real Property (including the Block 23 Real Property, but only to the extent that portion of the Majority Real Property has not been excluded pursuant
to above) 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 Pima Real Property shall be automatically extended to the earlier of: (a) two hundred ten
(210) days after the originally-scheduled Closing Date (the “Pima Outside Date”); or (b) ten (10) days after Pima Seller obtains the Pima Ground Lease Assignment Approvals. If the Seller Pima Ground Lease Assignment
Approvals Condition Precedent has not been satisfied by the Pima Outside Date, then Buyer shall have the rights set forth in to terminate this Agreement solely with respect to the Pima Real Property, in which
event the portion of the Deposit allocated to the Pima Real Property will be returned to Buyer, and this Agreement shall continue in full force and effect with respect to the Block 23 Real Property to the extent that the Closing has not already
occurred for the Block 23 Real Property.

5. .

(xx)

5.1 . Seller hereby covenants and agrees to
deliver or cause to be delivered to Escrow Holder on or prior to the Closing Date (or other date specified) the following funds, instruments and documents, the delivery of each of which shall be a condition to the Close of Escrow:

5.1.1 . (i) a Special Warranty Deed (each, a “Deed” and collectively, the
“Deeds”) in the form of ExhibitB-1 attached hereto with respect to each applicable parcel of Real Property, duly executed and acknowledged in
recordable form by the applicable Seller, conveying such Seller’s interest in the applicable Real Property to Buyer, together with a corresponding Affidavit of Property Value based on the allocations set forth in Exhibit M;
(ii) an Assignment and Assumption of Ground Subleases (the “Pima Assignment”) in the form of ExhibitB-2 attached hereto with respect to the
Pima Real Property,