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

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 22
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 of achievement of the performance-based vesting conditions applicable to such PSU 
 Award measured through immediately prior to the Effective Time as determined by the Board or a committee thereof in accordance with the terms of such PSU Award and be cancelled and converted into the right to receive an amount in cash equal to     
 (i) (A) the Common Stock Merger Consideration, multiplied by (B) the number of so-determined shares of Common Stock underlying such PSU Award, less (ii) any applicable withholding taxes.                                                              |

12

| Q: | When do you expect the Merger to be completed? |

| A: | If our stockholders vote to approve the Merger Proposal, and assuming that the other conditions to the Merger                                                                                                                                           
 are satisfied or waived, it is anticipated that the Merger will be completed in the fourth quarter of 2025. Pursuant to the Merger Agreement, the closing of the Merger will take place as soon as practicable (and, in any event, within two Business  
 Days) after satisfaction or waiver of the conditions to the Merger described under “The Merger Agreement-Conditions to the Merger” (other than those conditions that by their nature are to be satisfied or waived at the closing of the                
 Merger, but subject to the satisfaction or waiver of such conditions at the closing), subject to possible extension in the event that consents under certain of our loan documents have not yet been obtained, or at such other date as mutually agreed 
 by Parent and us. For further information regarding the timing of the closing of the Merger, see “The Merger Agreement-Effective Times; Closing Date.”                                                                                                  |

| Q: | What happens if the Merger is not completed? |

| A: | If the Merger Proposal is not approved by our stockholders, if the other conditions to the Merger are not                                                                                                                                               
 satisfied or waived, or if the Merger is not completed for any other reason, our stockholders will not receive any payment for their Common Stock pursuant to the Merger Agreement. Instead, City Office REIT, Inc. will remain a public company, our   
 Common Stock will continue to be registered under the Exchange Act and to be listed on the NYSE, and our Common Stock will remain outstanding. Upon termination of the Merger Agreement, under certain circumstances, we will be required to pay Parent 
 the Company Termination Fee. In certain other circumstances, Parent will be required to pay us the Parent Termination Fee upon termination of the Mer