Company: CIO
Filing Date: 2025-09-08
Form Type: DEFM14A
Source: 0001193125-25-198418
Chunk: 111

Company: City Office REIT, Inc.
Filing Date: 2025-09-08
Form: DEFM14A
Chunk 111
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 (i) (A) the Common Stock Merger Consideration, multiplied by (B) the number of so-determined shares of Common Stock underlying such PSU Award, less (ii)
any applicable withholding taxes.

No Further Ownership Rights

From and after the Effective Time, holders of our Common Stock outstanding immediately prior to the Effective Time will cease to have any rights with respect
to such shares of Common Stock, except as otherwise provided for in the Merger Agreement or by applicable law. The Common Stock Merger Consideration paid in accordance with the terms of the Merger Agreement upon the conversion or surrender of the
shares of our Common Stock or stock awards will be deemed to have been paid in full satisfaction of all rights pertaining to such shares of our Common Stock or stock awards.

Payment Procedures

Prior to the
Effective Time, Parent will deposit, or cause to be deposited, with a paying agent reasonably acceptable to us, in trust for the benefit of the holders of the Common Stock and Preferred Stock, cash in an amount sufficient to pay the Common Stock
Merger Consideration and Preferred Stock Merger Consideration in respect of such shares outstanding immediately prior to the Effective Time. Parent will further cause the Surviving Entity to make the payments due to the holders of RSU Awards and PSU
Awards through the Surviving Entity’s payroll system as a special payroll (or, in the case of non-employees, through accounts payable) on the closing date, or at such later time as is necessary to avoid
the imposition of penalties or adverse tax consequences under Section 409A of the Code.

Within five business days after the Effective Time, Parent
and the Surviving Entity will cause the paying agent to, in accordance with, and as required by the paying agent’s customary procedures, mail to each holder of record of certificates that, immediately prior to the Effective Time, represented
outstanding shares of the Common Stock and Preferred Stock, whose shares of Common Stock and Preferred Stock were converted into the right to receive or be exchanged for the Common Stock Merger Consideration and Preferred Stock Merger Consideration,
a form of letter of transmittal and instructions for use in effecting the surrender of certificates previously representing such shares of Common Stock and Preferred Stock in exchange for payment therefor. Upon surrender to the paying agent of such
certificates (or an affidavit of loss in lieu of a certificate as described below), together with a properly executed letter of transmittal, the holder of such certificates will promptly receive in exchange therefor the amount of