Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 127

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 127
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-NoSolicitation of Acquisition Proposals” or under this section “-Obligation of Our Board of Directors with Respect to Its Recommendation,” the Board will be permitted to (A) cause us to, and we will be permitted to, terminate the Merger Agreement in accordance with its terms to concurrently enter into a definitive Alternative Acquisition Agreement providing for the implementation of such acquisition proposal and/or (B) make any adverse recommendation change, if and only if:

| • |     | the Company and its subsidiaries have complied with the applicable obligations described in the section entitled “-No Solicitation of Acquisition Proposals,” and have complied in all material respects with the obligations described in this section “-Obligation of Our Board of Directors with Respect to Its 
 Recommendation”;                                                                                                                                                                                                                                                                                                   |

| • |     | the Board has determined in good faith, after consultation with our financial and outside legal advisors, that                                                                                                                                      
 such acquisition proposal constitutes a Superior Proposal and that, after consultation with our outside legal advisors, the failure to take such action would reasonably be expected to be inconsistent with our directors’ duties under applicable 
 law;                                                                                                                                                                                                                                                |

83

| • |     | we have provided at least five calendar days (the “Notice Period”) in advance, written notice (a                                                                                                                                                     
 “notice of superior proposal adverse recommendation change”) to Parent that we intend to take such action (it being understood the delivery of a notice of superior proposal adverse recommendation change and any amendment or update               
 thereto or the determination to so deliver such notice, amendment or update will not, by itself, constitute an adverse recommendation change), which notice includes written notice of the material terms of the Superior Proposal which enabled the 
 Board to make the determination that the acquisition proposal is a superior proposal and the information specified in the section entitled “-No Solicitation of Acquisition Proposals” with respect                                                  
 to such Superior Proposal;                                                                                                                                                                                                                           |

| • |     | we have, and have caused our representatives to, until the last day of the Notice Period, negotiate with Parent                                                                                                    
 in good faith (to the extent Parent desire to negotiate) to make such adjustments to the terms and conditions of the Merger Agreement so that such Superior Proposal ceases to constitute a superior proposal; and |

| • |     | following the end of the Notice Period, the Board has determined in good faith, after consultation with our                                                                                                                                             
 financial and outside legal advisors, taking into account any changes to the Merger Agreement offered in writing by Parent in response to the notice of superior proposal