Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 296

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 296
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Termination of the Merger Agreement” above, the merger agreement will become void and have no effect, and none of HomeStreet, HomeStreet Bank, Mechanics, any of their respective subsidiaries or any of the officers or directors of any of them will have any liability of any nature whatsoever under the merger agreement, or in connection with the transactions contemplated by the merger agreement, except that (i) designated provisions of the merger agreement will survive any termination of the merger agreement, including those relating to the confidential treatment of information, public announcements, the effect of termination, including the termination fee and expense reimbursement provisions described below, and certain general provisions, and (ii) neither HomeStreet, HomeStreet Bank, nor Mechanics will be relieved or released from any liabilities or damages arising out of its fraud or its willful and material breach of any provision of the merger agreement.

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If the merger agreement is terminated in the following circumstances, HomeStreet will pay Mechanics a termination fee equal to $10 million in cash (the “termination fee”):

| • | in the event that after the date of the merger agreement and prior to the termination of the merger agreement, abona fideacquisition proposal has been communicated to or otherwise made known to the HomeStreet’s board of directors or HomeStreet’s senior management or directly to HomeStreet shareholders or any person has publicly announced (and not withdrawn at least two (2) business days prior to the HomeStreet special meeting) an acquisition proposal, in each case, with respect to HomeStreet and: |

| ○ | (i) thereafter, the merger agreement is terminated by (x) either the HomeStreet Parties or Mechanics because the requisite HomeStreet shareholder approval has not been obtained at the HomeStreet special meeting or at any adjournment or postponement thereof, (y) either the HomeStreet Parties or Mechanics because the merger has not been consummated by the termination date without the requisite HomeStreet shareholder approval having been obtained (and all other closing conditions were satisfied or were capable of being satisfied prior to such termination) or (z) Mechanics pursuant to the fourth item under the section entitled “—Termination of the Merger Agreement” above as a result of a willful breach; and |

| ○ | (ii) prior to the date that is 12 months after the date of such termination, HomeStreet enters into a definitive agreement or consummates a transaction with respect to an acquisition proposal (whether or not the same acquisition proposal as that referred to above) (provided that