Company: STAA
Filing Date: 2025-09-16
Form Type: DEFM14A
Source: 0001193125-25-204396
Chunk: 20

Company: STAAR SURGICAL CO
Filing Date: 2025-09-16
Form: DEFM14A
Chunk 20
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Prior to receipt of the Stockholder Approval, if STAAR receives a written Acquisition Proposal from a third party after August 4, 2025
that has not been withdrawn, the Board may, (x) effect a Recommendation Change (as defined in “The Merger Agreement—Recommendation of the Board; Recommendation Change”) or (y) only if the Acquisition Proposal did
not result from STAAR’s material breach of its non-solicitation obligations, cause

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STAAR to terminate the Merger Agreement pursuant to the Superior Offer Termination Right (as defined in “ The Merger Agreement—Termination of the Merger Agreement”), in each case if:

| • |     | the Board determines in good faith after consultation with its outside legal counsel and financial advisors that                                                                                             
 such Acquisition Proposal constitutes or would reasonably be expected to lead to a Superior Offer and that failure to take such action would be inconsistent with its fiduciary duties under applicable law; |

| • |     | (i) at least four (4) business days before making such a Recommendation Change or terminating the Merger                                                                                                                                          
 Agreement, STAAR provides to Alcon a written notice of its intention to make such Recommendation Change or terminate the Merger Agreement and (ii) during such four (4)-business day period, if requested by Alcon, has negotiated in good faith  
 with respect to any revisions to the terms of the Merger Agreement or another proposal to the extent proposed by Alcon such that the Acquisition Proposal would cease to constitute a Superior Offer (provided that any material modifications or 
 amendments to the terms of such Acquisition Proposal will commence a new notice period of two business days); and                                                                                                                                 |

| • |     | the Board determines in good faith after consultation with its outside legal counsel and financial advisors that                                                  
 such Acquisition Proposal constitutes a Superior Offer and that failure to take such action would be inconsistent with its fiduciary duties under applicable law. |

As described under the caption “ The Merger Agreement—Termination Fees,” if STAAR terminates the Merger Agreement after the date of the Merger Agreement but prior to the adoption of the Merger Agreement by STAAR stockholders for the purpose of entering into an agreement in respect of a Superior Offer, STAAR must pay the STAAR Termination Fee (as defined in “ The Merger Agreement—Termination Fees”) to Alcon. The STAAR Termination Fee is equal to $43,425,000, which is reduced in the case of an acquiror that made