Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 295

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 295
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 by its nature or timing cannot be cured during such period (or such fewer days as remain prior to the termination date); |

| 5. | by either the HomeStreet Parties or Mechanics if the requisite HomeStreet shareholder approval has not been obtained at the HomeStreet special meeting or at any adjournment or postponement thereof at which a vote on the HomeStreet share issuance proposal and HomeStreet articles amendment proposal is taken; |

| 6. | by the HomeStreet Parties if Mechanics failed to deliver to HomeStreet duly executed counterparts of the key shareholder voting agreements within 24 hours following the date of the merger agreement (this termination right is no longer applicable because such key shareholder voting agreements were delivered within 24 hours of the date of the merger agreement); and |

| 7. | by Mechanics prior to such time as the requisite HomeStreet shareholder approval is obtained, if (i) HomeStreet or the HomeStreet board of directors has made a recommendation change or (ii) HomeStreet or the HomeStreet board of directors has breached certain covenants related to stockholder approvals or acquisition proposals in any material respect. |

Effect of Termination; Termination Fee In the event of termination of the merger agreement by either the HomeStreet Parties or Mechanics as provided under the section entitled “—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