Company: CIO
Filing Date: 2025-09-08
Form Type: DEFM14A
Source: 0001193125-25-198418
Chunk: 91

Company: City Office REIT, Inc.
Filing Date: 2025-09-08
Form: DEFM14A
Chunk 91
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 connection with the Merger, and the Company paid Raymond James a fee of $750,000 upon delivery of its opinion. The
Company has also agreed to pay Raymond James a fee of approximately $1.6 million contingent upon the closing of the sale of the Company’s seven Phoenix Assets, the first six of which closed on August 15, 2025, and an additional
$3.4 million for its services, which is contingent upon the closing of the Merger such that the aggregate fee for Raymond James for this engagement is expected to be approximately $5.7 million. The Company has also agreed to reimburse
Raymond James for its expenses, including reasonable and documented fees of outside counsel, incurred in connection with its engagement. In addition, the Company has agreed to indemnify Raymond James and its affiliates, and its and their respective
directors, officers, agents and employees and each other person, if any, controlling Raymond James or any of its affiliates, against certain liabilities and expenses, including certain liabilities under the federal securities laws, relating to,
arising out of or in connection with litigation and other actions relating to Raymond James’s engagement.

Interests of Our Directors and Executive Officers in the Merger

In considering the recommendation of the Board to approve the Merger, the Merger Agreement and the
other proposals described above, our stockholders should be aware that our directors and executive officers have certain interests in the Merger that are different from, or in addition to, the interests of our stockholders generally. These interests
may create potential conflicts of interest. The Board was aware of these interests and considered them, among other matters, in evaluating and negotiating the Merger Agreement, in reaching its decision to determine and declare the transactions
contemplated by the Merger Agreement, including the Merger, to be advisable and in our and our stockholders’ best interests to approve the execution, delivery and performance of the Merger Agreement and the consummation of the transactions
contemplated thereby, and to resolve to recommend that the stockholders approve the merger. These interests are discussed below.

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For a description regarding compensation and benefits to be provided to our employees generally following the Effective Time, see “The Merger Agreement-Employee Benefits.” For purposes of this discussion, our non-employee directors are John Sweet, Michael Mazan, John McLernon, Sabah Mirza, and Mark Murski, and our executive officers are James Farrar (Chief Executive Officer), Anthony Maretic (Chief