Company: CIO
Filing Date: 2025-09-08
Form Type: DEFM14A
Source: 0001193125-25-198418
Chunk: 142

Company: City Office REIT, Inc.
Filing Date: 2025-09-08
Form: DEFM14A
Chunk 142
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 by their terms are to be satisfied by actions taken at the closing, so long as such conditions are at the time of 
 delivery of the notice referred to in the third sub-bullet of this section capable of being satisfied as if such time were the closing);                                                                                                            |

| • |     | Parent and Merger Sub fail to consummate the Merger on the date the closing should have occurred pursuant to the 
 Merger Agreement;                                                                                                |

| • |     | on or after the date the closing of the Merger should have occurred pursuant to the Merger Agreement, we have 
 delivered written notice to Parent confirming that all of the mutual conditions                               |

90

| to the parties’ obligations to effect the Merger and the additional conditions to the obligations of Parent and Merger Sub to consummate the Merger have been satisfied or waived by Parent                       
 (other than those conditions that by their terms are to be satisfied by actions taken at the closing, so long as such conditions are at the time of delivery of the notice referred to in this sub-bullet of this 
 section capable of being satisfied as if such time were the closing) and we are willing and able to consummate the Merger at such time; and                                                                       |

| • |     | Parent fails to consummate the Merger within three business days after the delivery of the notice described in 
 the immediately preceding sub-bullet.                                                                          |

Termination by Parent Parent may also terminate the Merger Agreement by written notice to us at any time prior to the Effective Time, even after we have obtained the required Company Stockholder Approval (except as otherwise specified below), if:

| • |     | (i) there is any breach by the Company of any representation, warranty, covenant or agreement of the Company set                                                                                                                                  
 forth in the Merger Agreement that would give rise to the failure of any closing condition relating to our representations, warranties, covenants or agreements, (ii) Parent has delivered written notice to the Company of such breach, and      
 (iii) such breach cannot or be or has not been cured by the Company on or before the earlier of (a) the third Business Day prior to the Outside Date and (b) the date that is 30 calendar days following the date of our delivery of such         
 written notice to the Company; provided, however, that Parent does not have the right to terminate the Merger Agreement pursuant to this bullet if Parent is then in breach of any of its covenants or obligations under the Merger Agreement; or |