Company: CIO
Filing Date: 2025-09-08
Form Type: DEFM14A
Source: 0001193125-25-198418
Chunk: 95

Company: City Office REIT, Inc.
Filing Date: 2025-09-08
Form: DEFM14A
Chunk 95
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 Party may be involved or with which he or she may be threatened (regardless of whether as a named party or as a participant other than as a named party, including as a witness) (an “Indemnified Party Proceeding”), by reason of such Indemnified Party being or having been such director or officer, at or at any time prior to, the Effective Time, to the fullest extent permitted under applicable law, subject to certain limitations set forth in the Merger Agreement. Additionally, the Surviving Entity will (and 60

the Parent will cause the Surviving Entity to) fulfill and honor in all respects our obligations pursuant to specified agreements in effect as of the date of the Merger Agreement between the Company and any indemnified person and any indemnification provision (including advancement of expenses) and any exculpation provision set forth in our organizational documents as in effect on the date of the Merger Agreement. The parties have agreed not to terminate or modify the obligations described above regarding indemnification of indemnified persons in such a manner as to adversely affect such indemnified persons without the prior written consent of such indemnified persons. Subject to certain terms and conditions set forth in the Merger Agreement, we will, effective at the Effective time, extend coverage under our officers’ and directors’ liability insurance by obtaining prepaid extended reporting period coverage for our existing officers’ and directors’ liability insurance policies, or with other insurers on terms and conditions no less favorable to the insureds than such existing insurance, which provides coverage for an aggregate period of six years from and after the Effective Time with respect to claims arising from facts or events that occurred on or before the Effective Time; provided, however, neither Parent nor the Surviving Entity will be obligated to pay an aggregate amount for such extended reporting insurance in excess of 200% of the amount per annum that we paid for such insurance in the fiscal year ended December 31, 2024 (the “Annual Premium Amount”). If the aggregate amount for such extended reporting insurance exceeds the Annual Premium Amount, then we will be permitted to purchase as much coverage as reasonably practicable up to the Annual Premium Amount. We will in good faith cooperate with and consult Parent prior to the purchase of such insurance. Quantification of Potential Payments to Our Named Executive Officers in Connection with the Merger The information set forth in the table below is intended to comply with Item 402(t) of Regulation S-K,which requires disclosure of information about certain compensation for each of our named executive officers that is based on or