Company: CIO
Filing Date: 2025-09-08
Form Type: DEFM14A
Source: 0001193125-25-198418
Chunk: 133

Company: City Office REIT, Inc.
Filing Date: 2025-09-08
Form: DEFM14A
Chunk 133
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 the business, assets or operations of the Company or any of its subsidiaries that (A) is unknown (or if known, the probability or magnitude of consequences of which were not known) to the Board as of the date hereof or not reasonably foreseeable by the Board, and (B) does not relate to any Acquisition Proposal; provided, that in no event will any of the following constitute or be taken into account in determining whether an “Intervening Event” has occurred: (1) the receipt, terms or existence of any Acquisition Proposal or other inquiry, offer or proposal that would reasonably be expected to lead to an Acquisition Proposal, (2) the fact that, in and of itself, the market price or trading volume of the capital stock of the Company or any of its subsidiaries changes (provided, that the underlying reasons for the change in the market price or trading volume of the capital stock of the Company may constitute an Intervening Event unless excluded by any other exclusion in this definition), (3) the fact that, in and of itself, the Company exceeds any internal or published projections, estimates or expectations of the Company’s revenue, earnings or other financial performance or results of operations for any period, in and of itself (provided, that the underlying reasons for the Company exceeding such projections, estimates or expectations may constitute an Intervening Event unless excluded by any other exclusion in this definition) or (4) any effect arising out of the announcement or pendency of, or any actions required to be taken pursuant to the Merger Agreement. Nothing contained in the Merger Agreement prohibits us, the Board or our representatives from:

| • |     | taking and disclosing a position contemplated by Rule 14e 2(a), Rule 14d 9 or Item 1012(a) of Regulation M-A promulgated under the Exchange Act); or |

| • |     | making any “stop, look and listen” communication to the Common Stockholders pursuant to Rule 14d-9(f) promulgated under the Exchange Act if the Board (after consultation with outside legal counsel) concludes that its failure to do so would reasonably be expected to be inconsistent with its 
 fiduciary duties under applicable law.                                                                                                                                                                                                                                                             |

Provided, however, that the Board (or any committee thereof) will not make any Adverse Recommendation Change, except in accordance with the terms of the Merger Agreement. Employee Benefits For a period of 12 months after the Effective Time, Parent will, or will cause the Surviving Entity to