Company: MCHB
Filing Date: 2025-07-16
Form Type: 424B3
Source: 0001140361-25-026051
Chunk: 473

Company: Mechanics Bancorp
Filing Date: 2025-07-16
Form: 424B3
Chunk 473
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i) through (iii), collectively, the “ Parent Proposals ”). Parent (and its Board of Directors) shall use its reasonable best efforts to obtain from the shareholders of Parent (x) the Requisite Parent Vote, including by communicating to the shareholders of Parent its recommendation (and including such recommendation in the Proxy Statement) that the shareholders of Parent approve the Parent Share Issuance and the Parent Articles Amendment (the “ Parent Board Recommendation ”), and (y) the approval of the other Parent Proposals. Parent (and its Boards of Directors) shall not (i) withhold, withdraw, modify or qualify in a manner adverse to Company the Parent Board Recommendation, (ii) fail to make the Parent Board Recommendation in the Proxy Statement, (iii) adopt, approve, recommend or endorse an Acquisition Proposal, (iv) fail to publicly and without qualification (A) recommend against any Acquisition Proposal or (B) reaffirm the Parent Board Recommendation, in each case within ten (10) business days (or such fewer number of days as remains prior to the Parent Meeting) after an Acquisition Proposal is made public or any request by the Company to do so, or (v) publicly propose to do any of the foregoing (any of the foregoing clauses, a “ Recommendation Change ”).

(c) Notwithstanding anything in this Agreement to the contrary, subject to Section 8.1 and Section 8.2 , the Board of Directors of Parent may, prior to the receipt of the Requisite Parent Vote, effect a Recommendation Change, if (i)(A) the Board of Directors of Parent has received after the date of this Agreement a bona fide Acquisition Proposal which did not result from a breach of Section 6.11(a) , which it determines in good faith, after receiving the advice of its outside counsel and, with respect to the financial matters, its financial advisors, constitutes a Superior Proposal or (B) an Intervening Event has occurred, and (ii) the Board of Directors of Parent, after receiving the advice of its outside counsel and, with respect to financial matters, its financial advisors, determines in good faith that the failure to take such action would more likely than not result in a violation of its fiduciary duties under applicable law; provided that the Board of Directors of Parent may not take any actions under this Section 6.3(c) unless it (x) gives Parent at least three (3) business days’ prior written notice of its intention to take such action and a reasonable description of the event