Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 96

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 96
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     | $       | 3,184,726 |     | $         | 1,661,751 |     | $            | 18,141 |     | $     | 4,864,618 |

| (1) | Consists of a lump sum cash severance payment, payable within 10 days following the named executive                                                                                                                                           
 officer’s termination, equal to the sum of (i) 2 times the sum of (A) the executive’s annual base salary for 2025, plus (B) the average of the annual cash bonuses paid to the named executive officer for the prior two fiscal years of the  
 Company ending prior to the change in corporate control (2024 and 2023), plus (C) the average amount granted to the named executive officer under the Company’s equity incentive plan for the prior two fiscal years of the Company (2024 and 
 2023), plus (i) a pro rata bonus for the 2025 calendar year                                                                                                                                                                                   |

61

| based on the annual bonus earned by the named executive officer for 2024. The cash severance payments are “double trigger,” subject to the named executive officer’s executing                                                           
 and not revoking a release of claims and are payable upon the named executive officer’s termination in connection with the Merger. For more details regarding these cash severance benefits, see the section entitled “-Interests of Our 
 Directors and Executive Officers in the Merger.”                                                                                                                                                                                         |

The amounts set forth in the table below are the estimates of the prorated cash bonus and cash severance payment that each named executive officer will receive.

| Named Executive Officer |     | Prorated   
 Cash Bonus |         |     | Cash      
 Severance 
 Payment   |           |
|:------------------------|:----|:-----------|--------:|:----|:----------|----------:|
| James Farrar            |     | $          | 546,575 |     | $         | 5,351,598 |
| Gregory Tylee           |     | $          | 546,575 |     | $         | 5,351,598 |
| Anthony Maretic         |     | $          | 402,696 |     | $         | 3,184,726 |

| Named Executive Officer |     | Value of      
 RSU Awards(2) |         |     | Value of  
 PSU       
 Awards(2) |           |     | Total |           |
|: