Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 272

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 272
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AMELBACK, Limited Partnership, have been consummated in accordance with the terms of such agreement. We have assumed and relied upon without independent verification the accuracy and completeness of the financial, legal, regulatory, tax, accounting and other information provided to, reviewed by or discussed with us (including information that is available from generally recognized public sources) for the purposes of this opinion. With respect to the Projections, we have been advised by the Company, and, with your consent, we have assumed, without independent investigation, that they have been reasonably prepared and reflect the best currently available estimates and good faith judgment of Company management of the expected future competitive, operating and regulatory environments and related financial performance of the Company. We assume no responsibility for, and express no view with respect to the Projections, or any other forward-looking information or the assumptions on which they are based. We have relied, at your direction, upon the assurances of the management of the Company that it is unaware of any facts that would make the information provided to or reviewed by us incomplete or misleading. We have not performed an independent appraisal of the assets and liabilities (contingent, derivative, off-balance-sheetor otherwise) of the Company, including the Company’s real estate portfolio, nor have we been furnished with any such appraisals, and with your consent, we have relied upon and assumed, without independent verification, the accuracy of information provided by the Company. In particular, we do not express any opinion as to the value of any asset or liability of the Company or any of its subsidiaries, whether at current market prices or in the future. We have not assumed any obligation to conduct, nor have we conducted, any physical inspection of the properties or facilities of the Company. Representatives of the Company have advised us, and we have relied upon and assumed, without independent verification, that the terms of the Merger Agreement have been negotiated on an arms-length basis. In arriving at our opinion, we have not taken into account any litigation that is pending or may be brought against the Company or any of its respective affiliates or representatives. We have been advised by the Company that it has operated in conformity with the requirements for qualification as a REIT for U.S. federal income tax B-2

purposes since its formation as a REIT and further have assumed, at the direction of the Board of Directors of the Company (the “”), that the Merger will not adversely
affect the status or operations of the Company. In addition, we have not evaluated the solv