Company: CIO
Filing Date: 2025-09-08
Form Type: DEFM14A
Source: 0001193125-25-198418
Chunk: 116

Company: City Office REIT, Inc.
Filing Date: 2025-09-08
Form: DEFM14A
Chunk 116
---
 declared), civil 
 disobedience, sabotage, armed hostilities, military or para-military actions or acts of terrorism;   |

| • |     | any changes in GAAP or any other accounting standards or principles or the interpretation of the foregoing; |

| • |     | any changes in applicable law or the interpretation thereof; |

| • |     | any change in the market price or trading volume of the equity securities of the Company; provided, however, that                                                                                           
 the exception in this bullet shall not prevent the underlying facts giving rise or contributing to such change from being taken into account in determining whether a Material Adverse Effect has occurred; |

| • |     | the failure of the Company to meet any internal or public projections for any period ending on or after the date                                                                                                                                        
 of this Agreement; provided, however, that the exception in this bullet shall not prevent the underlying facts giving rise or contributing to such failure from being taken into account in determining whether a Material Adverse Effect has occurred; |

| • |     | stockholder litigation arising from or relating to the Merger Agreement or the Merger (it being understood and                                                                                                                                     
 agreed that the exception in this bullet shall apply to the effects arising out of or relating to the bringing of such litigation and not those arising out of or resulting from an actual breach (or other claim) that is the subject thereof)the 
 availability or cost of equity, debt or other financing to Parent and Merger Sub;                                                                                                                                                                  |

| • |     | any action expressly required by the terms of the Merger Agreement, or taken with the prior written consent or at                                                    
 the written direction of Parent (or any action not taken as a result of Parent expressly withholding its consent to an action requiring Parent’s consent hereunder); |

| • |     | any damage or destruction of any owned property that is substantially covered by insurance; or |

| • |     | provided, that, with respect to the first, second, third, fourth and fifth bullets, if the impact of such event,                                                                                                                                   
 change, circumstance, occurrence, development, effect or state of facts has had a disproportionate adverse effect on the Company or any of the Company’s subsidiaries relative to other companies operating in the industry or industries in which 
 the Company and the Company’s subsidiaries operate then the incremental disproportionate adverse impact shall be taken into account for the purpose of determining whether a Material Adverse Effect exists or has occurred or is reasonably       
 expected to exist or occur.                                                                                                                                                                                                                        |

The Merger Agreement also contains customary representations