Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 291

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 291
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Street 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key shareholder voting agreements within 24 hours following the date of the merger agreement (this termination right is no longer applicable because such key shareholder voting agreements were delivered within 24 hours of the date of the merger agreement); and |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 HomeStreet’s board of directors or HomeStreet’s senior management or directly to HomeStreet shareholders or any person has publicly announced (and not withdrawn at least two (2) business days prior to the HomeStreet special meeting) an acquisition proposal, in each case, with respect to HomeStreet and: |

| ○ | (i) thereafter, the merger agreement