Company: CIO
Filing Date: 2025-08-22
Form Type: PREM14A
Source: 0001193125-25-186443
Chunk: 275

Company: City Office REIT, Inc.
Filing Date: 2025-08-22
Form: PREM14A
Chunk 275
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 to the Company. We have acted as financial advisor to the Board in connection with, and have participated in certain of the negotiations leading to, the Merger. We will receive a fee for our services as financial advisor to the Board in connection with the Merger, a portion of which is payable upon the rendering of this opinion and the remainder of which is payable upon the successful completion of the Merger. In addition, the Company has agreed to reimburse certain of our expenses and indemnify us for liabilities relating to or arising out of our engagement. We, as part of our investment banking business, are continually engaged in the valuation of businesses and their securities in connection with mergers and acquisitions, negotiated underwritings, competitive biddings, secondary distributions of listed and unlisted securities, private placements and valuations for corporate and other purposes. In the ordinary course of business, certain of our employees and affiliates, as well as investment funds in which they may have financial interests or with which they may co-invest,may acquire, hold or sell, long or short positions, or trade, in debt, equity, and other securities and financial instruments (including loans and other obligations) of, or investments in, the Company or any other party that may be involved in the Merger and their respective affiliates or any currency or commodity that may be involved in the Merger. During the two years preceding the date of this opinion, as disclosed to the Board, we and our affiliates have engaged in sales brokerage, consulting and financial advisory relationships with the Company or its affiliates for which we and our affiliates have received fees in connection with such services. During the two years preceding the date of this opinion, as disclosed to the Board, we and our affiliates have engaged in sales brokerage, consulting and financial advisory relationships with Parent or its affiliates for which we and our affiliates have received fees in connection with such services. Such relationships have included (i) arranging for placement of equity or debt financings on behalf of an affiliate of Parent, (ii) providing investment sales brokerage services to an affiliate of Parent, and (iii) providing investment advisory services on behalf of an affiliate of Parent, some of which have been completed and paid as of the date hereof and some of which are ongoing but unrelated to the Transaction. We and our affiliates may in the future provide financial advice and services to the Company, Parent or their respective affiliates for which we and our affiliates would expect to receive compensation. We provide a full range of financial advisory and securities services and, in the course of our