Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 500

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 500
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�(i) In the event that after the date of this Agreement and prior to the termination of this Agreement, a bona fide Acquisition Proposal shall have been communicated to or otherwise made known to the Board of Directors or senior management of Parent or shall have been made directly to the shareholders of Parent or any person shall have publicly announced (and not withdrawn at least two (2) business days prior to the Parent Meeting) an Acquisition Proposal and (A) thereafter this Agreement is terminated by (x) either the Parent Parties or Company pursuant to Section 8.1(e)(i) (Requisite Parent Vote ), (y) either the Parent Parties or Company pursuant to Section 8.1(c) ( Termination Date ) without the Requisite Parent Vote having been obtained (and all other conditions set forth in Section 7.1 and Section 7.2 were satisfied or were capable of being satisfied prior to such termination) or (z) Company pursuant to Section 8.1(d) ( Breach of Representations or Covenants ) as a result of a willful breach and (B) prior to the date that is twelve (12) months after the date of such termination, Parent or any of its Subsidiaries (including any successors) enter 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), then Parent shall, on the earlier of the date it enters into such definitive agreement and the date of consummation of such transaction, pay Company, by wire transfer of same-day funds, a fee equal to $10,000,000 (the “ Termination Fee ”); provided that for purposes of this Section 8.2(b)(i) , all references in the definition of Acquisition Proposal to “twenty-five percent (25%)” shall instead refer to “fifty percent (50%).”

(i) In the event that this Agreement is terminated by Company pursuant to Section 8.1(f)(i) ( Recommendation Change ) or Section 8.1(f)(ii) ( Breach of Certain Covenants ), then Parent shall pay Company, by wire transfer of same-day funds, the Termination Fee within two (2) business days of the date of termination.

(c) Notwithstanding anything to the contrary in this Agreement, but without limiting the right of any Party to recover liabilities or damages to the extent permitted in this Agreement, in no event shall Parent be required to pay the Termination