Company: CTLPP
Filing Date: 2025-07-24
Form Type: DEFM14A
Source: 0001140361-25-027048
Chunk: 173

Company: CANTALOUPE, INC.
Filing Date: 2025-07-24
Form: DEFM14A
Chunk 173
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 to perform any covenant or agreement on the part of 365, Holdco, Holdco II or Merger Subsidiary set forth in the Merger Agreement has occurred that would cause the conditions of Cantaloupe to effect the Merger to not be satisfied; provided that if such breach is curable by the End Date, Cantaloupe will not be entitled to terminate the Merger Agreement pursuant to this bullet prior to 30 days (or such shorter period of time as remains prior to the End Date, the shorter of such periods, which we refer to as the “365 Breach Notice Period”) following 365’s receipt of written notice of breach from Cantaloupe and of Cantaloupe’s intention to terminate the Merger Agreement pursuant to this bullet and the basis for such termination, it being understood that Cantaloupe will not be entitled to terminate the Merger Agreement pursuant to this bullet with respect to such breach or failure to perform if such breach or failure to perform is curable by the End Date and is cured prior to the end of the 365 Breach Notice Period; provided further that the right to terminate the Merger Agreement pursuant to this bullet will not be available to Cantaloupe if Cantaloupe’s breach of any provision of the Merger Agreement would cause the conditions of 365, Holdco, Holdco II and Merger Subsidiary to effect the Merger to not be satisfied. |

Termination Fee; Effect of Termination Under the Merger Agreement, Cantaloupe will be required to pay 365 a termination fee of $31.5 million if:

| • | 365 validly terminates the Merger Agreement in the event of an Adverse Recommendation Change or a Triggering Event; |

| • | Cantaloupe validly terminates the Merger Agreement to enter into a definitive agreement with a third party to effect a transaction contemplated by a Superior Proposal, as set forth in, and subject to the conditions of, the Merger Agreement; or |

| • | (i) after the date of the Merger Agreement and prior to the time of valid termination of the Merger Agreement, a bona fide Acquisition Proposal will have been made to the Board or is publicly announced by the person making such Acquisition Proposal, (ii) thereafter, the Merger Agreement is validly terminated by 365 or Cantaloupe due to the Merger having not been consummated on or before the End Date or due to the failure to obtain