Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 491

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 491
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uciary duties under applicable law; provided that, prior to furnishing any confidential or nonpublic information permitted to be provided pursuant to this sentence, Parent shall have entered into a confidentiality agreement with the person making such Acquisition Proposal on terms no less favorable to it than the Confidentiality Agreement, which confidentiality agreement shall not provide such person with any exclusive right to negotiate with Parent. Parent will, and will cause its Subsidiaries and Representatives to, immediately cease and cause to be terminated any activities, discussions or negotiations conducted before the date of this Agreement with any person other than Company with respect to any Acquisition Proposal. In furtherance of the foregoing, as soon as practicable following the execution and delivery of this Agreement, Parent shall (i) request each person and its representatives (other than Parent and its representatives) that has, prior to the execution and delivery of this Agreement, executed a confidentiality agreement in connection with such person’s consideration of making an Acquisition Proposal, to promptly return or destroy all non-public information furnished to such person by or on behalf of Parent or any of the Parent Subsidiaries prior to the date of this Agreement and (ii) promptly terminate all physical and electronic data room access for such persons and their representatives to diligence or other information regarding Parent or any of the Parent Subsidiaries. Parent will promptly (within twenty-four (24) hours) advise Company following receipt of any Acquisition Proposal or any inquiry which could reasonably be expected to lead to an Acquisition Proposal, and the substance thereof (including the terms and conditions of and the identity of the person making such inquiry or Acquisition Proposal), will provide Company with an unredacted copy of any such Acquisition Proposal and any draft agreements, proposals or other materials received from or on behalf of the person making such inquiry or Acquisition Proposal in connection with any such inquiry or Acquisition Proposal, and will keep Company apprised of any related developments, discussions and negotiations on a current basis, including any amendments to or revisions of the material terms of such inquiry or Acquisition Proposal. Parent shall use its reasonable best efforts to enforce any existing confidentiality or standstill agreements to which it or any of its Subsidiaries is a party in accordance with the terms thereof. As used in this Agreement, “ Acquisition Proposal ” shall mean, other than the transactions contemplated by this Agreement, any offer, proposal or inquiry relating to, or any third-party or “group” (as defined in Section 13(d) of the Exchange Act) indication of interest in, (i) any acquisition or purchase, direct or indirect