Company: SSUP
Filing Date: 2025-07-09
Form Type: DEFA14A
Source: 0001193125-25-157148
Chunk: 113

Company: SUPERIOR INDUSTRIES INTERNATIONAL INC
Filing Date: 2025-07-09
Form: DEFA14A
Chunk 113
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 to receive the Preferred Stock Merger Consideration in accordance with Section 3.2(h) of the Merger Agreement.

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2. .

2.1 . This Agreement shall automatically terminate and be of no further force or effect upon the earliest to occur
of (a) the Effective Time (b) the valid termination of the Merger Agreement in accordance with its terms, and (c) a Fundamental Change (as defined below) (such earliest date, the “”); that the provisions set forth in and in through shall survive the termination of this Agreement; that the termination of this Agreement shall not prevent any party hereto from seeking any remedies (at law or in equity) against any other party hereto for that party’s Willful Breach. For purposes herein, “Fundamental
Change” means (a) the Merger Agreement, the RSA (as defined below) or any other agreement that seeks to or would alter the existing rights of holders of Series A Preferred Shares does not contemplate the holders of Series A Preferred
Shares receiving in the aggregate at least (i) 3.5% of the New Common Equity (as defined in the Recapitalization Term Sheet (the “”) attached to the Recapitalization Support Agreement, dated as of July 8, 2025,
by and among the Company, each of its subsidiaries and certain other parties thereto (the “”)), without taking into account dilution from equity or equity equivalents issued under the MIP (as defined in the Recap Term Sheet);
provided, that, the Existing Term Loan Claims (as defined in the Recap Term Sheet) shall not be converted into Take Back Term Loans (as defined in the Recap Term Sheet) to any extent that would result in (x) the aggregate principal
amount of funded debt (excluding, for the avoidance of doubt, unused revolver commitments, undrawn but outstanding letters of credit and obligations in respect of factoring facilities), preferred equity or other securities entitled to recover before
the New Common Equity, in each case, of Reorganized Superior, and its subsidiaries immediately following the Effective Time (y) the aggregate amount of unrestricted cash and cash equivalents of Reorganized Superior and its
subsidiaries immediately following the Effective Time, exceeding the Net Leverage Cap (as defined in the Recap Term Sheet), and (ii) an amount equal to (x) the Aggregate Merger Consideration (as defined in the RSA) plus the aggregate
consideration payable to the holders of Cash-Settled RSUs and