Company: SSUP
Filing Date: 2025-08-15
Form Type: DEFM14A
Source: 0001140361-25-031532
Chunk: 128

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-08-15
Form: DEFM14A
Chunk 128
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 and consummate the Recapitalization Transaction and (ii) commitments to negotiate in good faith and use commercially reasonable efforts to execute and implement definitive documents that are consistent with the RSA. Pursuant to the RSA, the Consenting Parties have agreed to implement the Recapitalization Transaction by no later than 120 calendar days after the Petition Date in the event of prepackaged Chapter 11 Cases or 150 calendar days after the Petition Date in the event of prearranged Chapter 11 Cases, in each case, if the Effective Time has not occurred, which deadlines may be extended or waived in writing by the Requisite Consenting Term Loan Lenders in their sole discretion.

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TABLE OF CONTENTS

SUBSCRIPTION AGREEMENT This section describes the material terms of the Subscription Agreement. The description in this section and elsewhere in this proxy statement is qualified in its entirety by reference to the complete text of the Subscription Agreement, a copy of which is attached as Annex E to this proxy statement and is incorporated by reference herein in its entirety. This summary does not purport to be complete and may not contain all of the information about the Subscription Agreement. You are encouraged to read the Subscription Agreement carefully and in its entirety. Concurrently with the execution of the Merger Agreement on July 8, 2025, the Company entered into the Subscription Agreement with Parent, pursuant to which Parent agreed to purchase, and the Company agreed to issue and sell to Parent, (i) the Subscription Shares or (ii) such other number of Common Shares as may be mutually agreed by the Company and Parent, in each case, for a purchase price of $0.09 per share. On August 13, 2025, Parent purchased from the Company, and the Company issued to Parent, the Subscription Shares for an aggregate purchase price of $684,000 pursuant to the terms of the Subscription Agreement. The Subscription Agreement contains representations, warranties, covenants and conditions to closing that are customary for an agreement of this nature. In addition, if the Company enters into an Alternative Acquisition Agreement that constitutes a superior proposal as permitted by the Merger Agreement, Parent has agreed to vote its Subscription Shares at any meeting of Company stockholders:

| • | in favor of the transaction contemplated by such Alternative Acquisition Agreement, and each of the other actions contemplated by such Alternative Acquisition Agreement or necessary or desirable in furtherance of the alternative acquisition and the other transactions contemplated by such Alternative Acquisition Agreement; |

| • | against any action or agreement that could reasonably be expected to result in