Company: CIO
Filing Date: 2025-07-24
Form Type: DEFA14A
Source: 0001193125-25-163769
Chunk: 148

Company: City Office REIT, Inc.
Filing Date: 2025-07-24
Form: DEFA14A
Chunk 148
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 their express terms, may be terminated on or before the Closing (the “Disapproved Contracts”); provided, however, in no event shall Seller be required to terminate any Contracts which by their terms are not terminable prior to the Closing or any elevator or life safety equipment maintenance Contracts with fixed terms and
that are not terminable without the payment of a significant termination penalty, charge, or premium (“Non-TerminableContracts”). Seller is responsible for payment of any penalty, charge or
premium required to terminate a Disapproved Contract. Seller shall provide written notice of termination to those applicable third parties with respect to such Disapproved Contracts on or before the Closing. Those Contracts not expressly disapproved
by Buyer and the Non-Terminable Contracts (collectively, the “Approved Contracts”) shall be assigned by Seller to Buyer at the Closing. In addition, (a) any and all Contracts with respect
to base building work, tenant improvement work, and any other work required to be performed by Seller under Leases at the Real Property (collectively, “Tenant Improvement Work”) and any ongoing capital improvement work at the Real
Property that has not be completed as of Closing (collectively, “Capital Improvement Work”), and (b) those certain real property tax consulting engagement letters by and between Seller and Integral Property Tax Services with
respect to real estate tax consulting services for the parcels of Real Property located at 1600 and 1700 North Desert Drive, Tempe, Arizona 85034; 3100 and 3200 West Ray Road, Chandler, Arizona 85226; and 6200–6390 East Thomas Road, Scottsdale,
Arizona 85251 (collectively, the “Tax Consulting Contracts”), shall all constitute Approved Contracts and shall be assigned to Buyer at Closing. Seller shall assign its rights and interests under the Approved Contracts to Buyer at
the Closing pursuant to the Assignment of Contracts and Assumption Agreement, in substantially the form attached hereto as ExhibitF and made a part hereof.

4.1.4 . If Buyer determines that it disapproves the Property, then Buyer shall have the right to terminate this Agreement
by delivering written notice thereof to Seller and Escrow Holder (the “Buyer’s Termination Notice”) prior to 5:00 p.m. (Pacific time) on the Contingency Date, and upon such timely delivery of such Termination Notice this
Agreement shall be automatically terminated and the Deposit, together with all interest accrued thereon, shall be returned to Buyer