Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 136

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 136
---
 certain ground leases required under the                         
 Phoenix PSA and the sale of the certain Phoenix Assets shall have been consummated pursuant to and in accordance with the Phoenix PSA. |

Our obligation to consummate the Merger is subject to the satisfaction, or waiver by us, at or prior to closing, of the following conditions:

| • |     | the representations and warranties of Parent and Merger must be true and correct in all material respects as of                                                                                                                                         
 the date hereof and as of the closing date as if made at and as of the closing date (except to the extent that any such representation and warranty expressly speaks as of an earlier date, in which case such representation and warranty must be true 
 and correct in all material respects only as of such earlier date);                                                                                                                                                                                     |

| • |     | each of Parent and Merger Sub must have performed in all material respects all obligations required to be 
 performed by it under the Merger Agreement on or prior to the closing date; and                           |

| • |     | we must have received at the closing a certificate signed on behalf of Parent by an executive officer of Parent 
 certifying that the conditions specified in the first and second bullet points above have been satisfied.       |

Termination of the Merger Agreement We and Parent may mutually agree to terminate the Merger Agreement and abandon the Merger at any time prior to the Effective Time, even after we have obtained the required Company Stockholder Approval. Termination by Either the Company or Parent In addition, we, on the one hand, or Parent, on the other hand, may terminate the Merger Agreement upon notice to the other party at any time prior to the Effective Time (with respect to the first two bullets below, even after we have obtained the required Company Stockholder Approval), if:

89

| whose failure (and in the case of Parent, the failure of Merger Sub) to perform any covenant or obligation under the Merger Agreement has been the primary factor that resulted in, the failure of 
 the Merger to be consummated by the Outside Date;                                                                                                                                                  |

| • |     | any governmental authority of competent jurisdiction has issued a judgment, order, injunction, rule or decree                                                                                                                             
 that has the effect of permanently restraining, enjoining, rendering illegal or otherwise prohibiting consummation of the Merger and such law or governmental order has become final and non-appealable                                   
 provided, however, that the right to terminate the Merger Agreement pursuant to this bullet may not be exercised by any party