Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 151

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 151
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 and subject to deduction for any required withholding
Tax (the “”), in accordance with Section 5 of the Articles Supplementary of the Articles of Amendment and Restatement of the Company (the “”). As of the
Merger Effective Time, all Company Preferred Shares shall no longer be outstanding and shall automatically be cancelled and shall cease to exist, and shall thereafter only represent the right to receive the Company Preferred Share Consideration, if
any, to be paid without interest.

(c) Each Company Common Share or Company Preferred Share owned, directly or indirectly, by the Parent
Parties or any Subsidiary of the Company immediately prior to the Merger Effective Time (collectively, “”) shall automatically be cancelled and shall cease to exist, and no consideration shall be delivered in
exchange therefor.

(d) The issued and outstanding equity of Merger Sub immediately prior to the Merger Effective Time shall not be
converted or otherwise affected by the Merger, but shall continue to represent the issued and outstanding equity of the Surviving Company.

(e) If at any time during the period between the date of this Agreement and the Merger Effective Time, any change in the outstanding shares of
capital stock of the Company, or securities convertible into or exchangeable into or exercisable for shares of such capital stock, shall occur as a result of any reclassification, recapitalization, stock split (including a reverse stock split) or
subdivision or combination, exchange or readjustment of shares, or any stock dividend or stock distribution with a record date during such period, merger or other similar transaction, the Merger Consideration shall be equitably adjusted so as to
provide Parent and the holders of Company Common Shares the same economic effect as contemplated by this Agreement prior to such event; , that nothing in this Section 2.1(d) shall be construed to permit the Company to take any
action with respect to its securities that is prohibited by the terms of this Agreement.

Section 2.2 .

(a) Immediately prior to the Merger Effective Time, each Company RSU Award that is outstanding as of immediately prior to the
Merger Effective Time, whether vested or unvested, shall, by virtue of the occurrence of the Merger Effective Time and without any action by Parent, the Company or the holder thereof, automatically become fully vested and be cancelled and converted
into the right to receive an amount in cash equal to (i) (A) the Merger Consideration, multiplied by (B) the number of Company Common