Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 94

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 94
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ified Party will have made an undertaking to repay such expenses if it is ultimately determined that such Indemnified Party was not entitled to indemnification under the Merger Agreement), judgments, fines, penalties or liabilities (including amounts paid in settlement or compromise) imposed upon or reasonably incurred by such Indemnified Party in connection with or arising out of any action, suit or legal proceeding (whether civil or criminal) in which such Indemnified Party may be involved or with which he or she may be threatened (regardless of whether as a named party or as a participant other than as a named party, including as a witness) (an “Indemnified Party Proceeding”), by reason of such Indemnified Party being or having been such director or officer, at or at any time prior to, the Effective Time, to the fullest extent permitted under applicable law, subject to certain limitations set forth in the Merger Agreement. Additionally, the Surviving Entity will (and 60

the Parent will cause the Surviving Entity to) fulfill and honor in all respects our obligations pursuant to specified agreements in effect as of the date of the Merger Agreement between the Company and any indemnified person and any indemnification provision (including advancement of expenses) and any exculpation provision set forth in our organizational documents as in effect on the date of the Merger Agreement. The parties have agreed not to terminate or modify the obligations described above regarding indemnification of indemnified persons in such a manner as to adversely affect such indemnified persons without the prior written consent of such indemnified persons. Subject to certain terms and conditions set forth in the Merger Agreement, we will, effective at the Effective time, extend coverage under our officers’ and directors’ liability insurance by obtaining prepaid extended reporting period coverage for our existing officers’ and directors’ liability insurance policies, or with other insurers on terms and conditions no less favorable to the insureds than such existing insurance, which provides coverage for an aggregate period of six years from and after the Effective Time with respect to claims arising from facts or events that occurred on or before the Effective Time; provided, however, neither Parent nor the Surviving Entity will be obligated to pay an aggregate amount for such extended reporting insurance in excess of 200% of the amount per annum that we paid for such insurance in the fiscal year ended December 31, 2024 (the “Annual Premium Amount”). If the aggregate amount for such extended reporting insurance exceeds the Annual Premium Amount, then we will be permitted to purchase as