Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 15

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 15
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 or prior to the closing;                                           |

| • |     | from the date of the Merger Agreement through the closing date, there must not have occurred any event, change,                                                                           
 circumstance, occurrence, effect or state of facts that, individually or in the aggregate, has had or would reasonably be expected to have a Material Adverse Effect (as defined herein); |

| • |     | we and Parent must have received from the other party a certificate, dated as of the closing date, certifying                      
 that certain conditions have been satisfied, as described in the section entitled “The Merger Agreement—Conditions to the Merger”; |

| • |     | the absence of any event of default that is incapable of being cured or is capable of being cured but still 
 continuing (subject to a customary cure period) under certain of the Company’s loan documents; and          |

| • |     | the receipt of consents from the applicable third parties relating to certain ground leases required under the                                                                      
 Phoenix PSA (as defined in the Merger Agreement) or the sale of certain Phoenix Assets (as defined herein) has been consummated pursuant to and in accordance with the Phoenix PSA. |

Termination of the Merger Agreement(page 89) We and Parent may mutually agree to terminate the Merger Agreement and abandon the Merger at any time prior to the Effective Time, even after we have obtained the required Company Stockholder Approval. 7

Termination by Either the Company or Parent In addition, we, on the one hand, or Parent, on the other hand, may terminate the Merger Agreement upon notice to the other party at any time prior to the Effective Time (with respect to the first two bullets below, even after we have obtained the required Company Stockholder Approval), if:

| • |     | any governmental authority of competent jurisdiction has issued a judgment, order, injunction, rule or decree                                                                                                                             
 that has the effect of permanently restraining, enjoining, rendering illegal or otherwise prohibiting consummation of the Merger and such law or governmental order has become final and non-appealable                                   
 provided, however, that the right to terminate the Merger Agreement pursuant to this bullet may not be exercised by any party to the Merger Agreement whose failure (and in the case of Parent, the failure of Merger Sub) to perform any 
 covenant or obligation under the Merger Agreement has been the primary cause of, or the primary factor that resulted in the issuance of such judgment, order, injunction, rule