Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 128

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 128
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 adverse recommendation change or otherwise, that the superior proposal giving 
 rise to the Notice of Superior Proposal Adverse Recommendation Change continues to constitute a Superior Proposal and that the failure to make such Adverse Recommendation Change and/or terminate the Merger Agreement in accordance with its terms to 
 concurrently enter into a definitive Alternative Acquisition Agreement providing for the implementation of such Superior Proposal would, after consultation with our outside legal advisors, continue to reasonably be expected to be inconsistent with 
 our directors’ duties under applicable law, in each case, if the revisions offered in writing by Parent were given effect.                                                                                                                              |

Intervening Event Prior to obtaining the required Company Stockholder Approval, if an Intervening Event (as defined herein) has occurred, the Board will be permitted to make an Adverse Recommendation Change if and only if:

| • |     | the acquired companies 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 outside legal advisors), that the failure to                         
 effect an adverse recommendation change would reasonably be expected to be inconsistent with our directors’ duties under applicable law; |

| • |     | we have provided at least five calendar days notice (the “intervening event notice period”) written                                                                                                                                        
 notice (a “notice of intervening event”) to Parent that we intend to take such action (it being understood that the delivery of a notice of intervening event and any amendment or update thereto and the determination to so deliver such 
 notice, amendment or update will not, by itself, constitute an adverse recommendation change), which notice includes reasonably detailed information describing the intervening event;                                                     |

| • |     | we have, and have caused our representatives to, until the last day of the Intervening Event Notice Period,                                                                                                                                          
 negotiate with Parent in good faith (to the extent Parent desires to negotiate) to make such adjustments to the terms and conditions of the Merger Agreement in response to such Intervening Event in order to obviate the need to make such Adverse 
 Recommendation Change; and                                                                                                                                                                                                                           |

| • |     | following the end of the Intervening Event Notice Period, the Board has determined in good faith, after                                                                                                                                              
 consultation with its outside legal advisors, taking into account any changes to the Merger Agreement offered