Company: CTLPP
Filing Date: 2025-07-24
Form Type: DEFM14A
Source: 0001140361-25-027048
Chunk: 172

Company: CANTALOUPE, INC.
Filing Date: 2025-07-24
Form: DEFM14A
Chunk 172
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 the required Cantaloupe shareholder approval, an Adverse Recommendation Change has occurred; |

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TABLE OF CONTENTS

| • | prior to the receipt of the required Cantaloupe shareholder approval, a Triggering Event has occurred; or |

| • | a breach of any representation or warranty or failure to perform any covenant or agreement on the part of Cantaloupe set forth in the Merger Agreement has occurred that would cause the conditions of 365, Holdco, Holdco II and Merger Subsidiary to effect the Merger to not be satisfied; provided that if such breach is curable by the End Date, 365 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 “Company Breach Notice Period”) following Cantaloupe’s receipt of written notice of breach from 365 and of 365’s intention to terminate the Merger Agreement pursuant to this bullet and the basis for such termination, it being understood that 365 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 Company Breach Notice Period; provided further that the right to terminate this Agreement pursuant to this bullet will not be available to 365 if 365’s breach of any provision of the Merger Agreement would cause the conditions of Cantaloupe to consummate the Merger to not be satisfied (it being understood that 365, Holdco, Holdco II and Merger Subsidiary will be deemed a single party for purposes of the foregoing proviso). |

In addition, Cantaloupe may terminate the Merger Agreement if:

| • | prior to obtaining the required Cantaloupe shareholder approval, in accordance with, and subject to its compliance with the terms and conditions of Section 6.03 of the Merger Agreement, which include the obligation to not solicit Acquisition Proposals from third parties in order to enter into a Company Acquisition Agreement to effect a Superior Proposal (with such Company Acquisition Agreement being entered into substantially concurrently with the valid termination of the Merger Agreement); provided that, Cantaloupe pays a termination fee of $31.5 million pursuant to the Merger Agreement; or |

| • | a breach of any representation or warranty or failure