Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 139

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 139
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91

| Acquisition Proposal (and in the case of a termination pursuant to the provision described in the third bullet in the section entitled “The Merger Agreement—Termination of the Merger                                                               
 Agreement—Termination by Either the Company or Parent,” such Acquisition Proposal or publicly proposed or announced intention was made prior to the date of the Special Meeting (including any adjournments and postponements thereof)), and         
 (2) within 12 months of such termination of the Merger Agreement, we enter into a definitive agreement providing for the implementation of any Acquisition Proposal or any Acquisition Proposal is consummated (provided, however, that for purposes 
 of this bullet, the references to “20%” in the definition of “Acquisition Proposal” will be deemed to be references to “80%”).                                                                                                                       |

The Company has also agreed that in the event the Merger Agreement is terminated by either the Company or Parent pursuant to the third bullet in the section entitled “The Merger Agreement—Termination of the Merger Agreement—Termination by Either the Company or Parent” under circumstances in which the Company Termination Fee is not payable pursuant to the third bullet in “The Merger Agreement—Termination Fees—Company Termination Fee,” then the Company shall reimburse Parent and its affiliates for all of their reasonable documented, out-of-pocketfees and expenses, up to a maximum of $2 million. Parent Termination Fee Parent has agreed to pay to us a termination fee of $35 million (the “Parent Termination Fee”) if we validly terminate the Merger Agreement pursuant to the provisions described in the third bullet in the section entitled “The Merger Agreement—Termination of the Merger Agreement—Termination by the Company.” Specific Performance The parties to the Merger Agreement have agreed that irreparable harm would occur in the event that any of the provisions of the Merger Agreement were not performed in accordance with their specific terms or were otherwise breached and that each party will be entitled, prior to the valid termination of the Merger Agreement, to an injunction, specific performance and other equitable relief to prevent breaches of the Merger Agreement and to enforce specifically the terms and provisions of the Merger Agreement (other than Parent and Merger Sub’s obligation to effect the closing, which is governed by the next sentence). The parties to the Merger Agreement have further agreed that, prior to the valid termination of the Merger Agreement and any dispute over the right to termination having been finally resolved, we will be entitled to an injunction, specific