Company: CIO
Filing Date: 2025-07-24
Form Type: DEFA14A
Source: 0001193125-25-163769
Chunk: 81

Company: City Office REIT, Inc.
Filing Date: 2025-07-24
Form: DEFA14A
Chunk 81
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 Effective Time, Parent shall cause the Surviving Company to indemnify and hold harmless each present and former
director and officer of the Company determined as of the Merger Effective Time (the “”), against any costs or expenses (including reasonable attorneys’ fees), judgments, fines, losses, claims, damages or
liabilities incurred in connection with any Action arising out of the fact that such Indemnified Party is or was a director or officer of the Company, whether asserted or claimed prior to, at or after the Merger Effective Time, to the fullest extent
that the Company would have been permitted under the Laws of the State of Maryland and the Company Group Organizational Documents in effect on the date of this Agreement to indemnify such Person (and Parent and the Surviving Company shall also
advance expenses as incurred to the fullest extent permitted under applicable Law and the Company Group Organizational Documents; , that the Person to whom expenses are advanced shall provide an undertaking to repay such advances if
it is ultimately determined that such Person is not entitled to indemnification).

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(b) For six years after the Merger Effective Time, Parent shall cause to be maintained in
effect the provisions in the Company Group Organizational Documents in existence on the date of this Agreement and made available to Parent regarding elimination of liability, indemnification of officers, directors and employees and advancement of
expenses that are in existence on the date hereof, and no such provision shall be amended, modified or repealed in any manner that would adversely affect the rights or protections thereunder of any such Indemnified Party in respect of acts or
omissions occurring or alleged to have occurred at or prior to the Merger Effective Time (including acts or omissions occurring in connection with the approval of this Agreement and the consummation of the Merger or any of the other transactions
contemplated by this Agreement).

(c) At or prior to the Merger Effective Time, the Company shall purchase a six year prepaid
“tail” policy on terms and conditions providing coverage retentions, limits and other material terms substantially equivalent to the current policies of directors’ and officers’ liability insurance and fiduciary liability
insurance maintained by the Company and its Subsidiaries, with respect to matters arising at or prior to the Merger Effective Time; , , that the Company shall not commit or spend on such “tail” policy, in the
aggregate, more than two hundred percent (200%) of the last aggregate annual premium paid by the Company prior to the date hereof for