Company: STAA
Filing Date: 2025-08-05
Form Type: DEFA14A
Source: 0001193125-25-173098
Chunk: 3

Company: STAAR SURGICAL CO
Filing Date: 2025-08-05
Form: DEFA14A
Chunk 3
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 circumstances in the event that the Requisite Regulatory Approvals have not been obtained or a legal restraint in certain specified jurisdictions prohibits consummation of the Merger (the “End
Date”), (2) the Company’s stockholders fail to adopt the Merger Agreement, (3) a final and non-appealable order or action in certain specified jurisdictions enjoins, prohibits or otherwise makes
illegal the Merger, or (4) the other party breaches its representations, warranties or covenants in the Merger Agreement in a way that would entitle the party seeking to terminate the Merger Agreement not to consummate the Merger, subject to
the right of the breaching party to cure the breach. Alcon may terminate the Merger Agreement if, prior to receiving Company stockholder approval, the Board has changed its recommendation in favor of the Merger. The Company may terminate the
Merger Agreement prior to receiving stockholder approval in order to enter into a definitive agreement with respect to a superior proposal.

The Company
will be required to make a payment to Alcon equal to $43.4 million if the Merger Agreement is terminated because (1) Alcon has terminated the Merger Agreement because the Board has changed its recommendation in favor of the Merger;
provided that the termination fee will be reduced to $14.5 million if the change in recommendation occurs in response to a superior proposal received from a third party who provided an acquisition proposal during the 45-day “window shop” period following the date of the Merger Agreement that constitutes or could reasonably be expected to lead to a superior proposal (a “qualified bidder,” provided that such
third party will cease to be a qualified bidder if its proposal expires or is withdrawn), (2) the Company has terminated the Merger Agreement in order to enter into an agreement providing for a superior proposal; provided that the termination
fee will be reduced to $14.5 million if such termination occurs with respect to a superior proposal from a qualified bidder, or (3) (i) if the Company or Alcon terminates the Merger Agreement due to failure to obtain the Company
stockholder approval or because the End Date is reached prior to the Company obtaining stockholder approval, or Alcon terminates the Merger Agreement because of a material and uncured breach by the Company, (ii) an acquisition proposal is
announced and not withdrawn four business days prior to termination (or four business days before the stockholder meeting if terminated for a failure to obtain the stockholder approval