Company: CIO
Filing Date: 2025-09-08
Form Type: DEFM14A
Source: 0001193125-25-198418
Chunk: 110

Company: City Office REIT, Inc.
Filing Date: 2025-09-08
Form: DEFM14A
Chunk 110
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iving Entity entitled to such rights, duties and obligations as are more fully set forth in the limited liability company agreement of the Surviving Entity and (2) the officers of Merger Sub immediately prior to the
Effective Time will be the initial officers of the Surviving Entity.

Treatment of Common Stock, Preferred Stock and Compensatory Awards

Common Stock

The
Merger Agreement provides that, at the Effective Time, each share of our Common Stock issued and outstanding as of immediately prior to the Effective Time (other than Excluded Shares) will be automatically cancelled and extinguished and
automatically converted into the right to receive the Common Stock Merger Consideration, and less any applicable withholding taxes. Excluded Shares will be automatically cancelled and retired without any conversion thereof and will cease to exist
with no consideration being paid with respect thereto in connection with, or as a consequence of, the Merger.

Preferred Stock

The Merger Agreement provides that, immediately prior to the Effective Time, the Company will effect the redemption of all outstanding shares of Preferred
Stock, at a redemption price payable in cash, by or on behalf of the Company, in an amount equal to the Preferred Stock Merger Consideration. As of the Effective Time, the Preferred Stock will no longer be outstanding and all rights of the holders
thereof will terminate, except for the right to receive the Preferred Stock Merger Consideration.

Restricted Stock Unit Awards

The Merger Agreement provides that, immediately prior to the Effective Time, each RSU Award that is outstanding immediately prior to the Effective Time,
whether vested or unvested, will automatically become fully vested and be cancelled and converted into the right to receive an amount in cash equal to (i) (A) the Common Stock Merger Consideration, multiplied by (B) the number of shares of
Common Stock underlying such RSU Award, less (ii) any applicable withholding taxes.

Performance Stock Unit Awards

The Merger Agreement provides that, immediately prior to the Effective Time, each PSU Award that is outstanding immediately prior to the Effective Time,
whether vested or unvested, will automatically become fully vested with respect to a number of shares of Common Stock underlying such PSU Award based on the actual

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level of achievement of the performance-based vesting conditions applicable to such PSU Award measured through immediately prior to the Effective Time, as determined by the Board or a committee
thereof in accordance with the terms of such PSU Award, and be cancelled and converted into the right to receive an amount in cash equal to