Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 295

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 295
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 the consummation of the merger, unless the failure to obtain a requisite regulatory approval is due to the failure of the party seeking to terminate the merger agreement to perform or observe the obligations, covenants and agreements of such party set forth in the merger agreement; |

| 4. | by either the HomeStreet Parties or Mechanics (provided that the terminating party is not then in material breach of any representation, warranty, obligation, covenant or other agreement contained in the merger agreement) if there is a breach of any of the obligations, covenants or agreements or any of the representations or warranties (or any such representation or warranty ceases to be true or correct) set forth in the merger agreement on the part of the HomeStreet Parties, in the case of a termination by Mechanics, or on the part of Mechanics, in the case of a termination by the HomeStreet Parties, which breach or failure to be true, either individually or in the aggregate with all other breaches by such party (or failures of such representations or warranties to be true), would constitute, if occurring or continuing on the closing date, the failure of a closing condition of the terminating party and which is not cured within 45 days following written notice to the party committing such breach, or by its nature or timing cannot be cured during such period (or such fewer days as remain prior to the termination date); |

| 5. | by either the HomeStreet Parties or Mechanics if the requisite HomeStreet shareholder approval has not been obtained at the HomeStreet special meeting or at any adjournment or postponement thereof at which a vote on the HomeStreet 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key shareholder voting agreements within 24 hours following the date of the merger agreement (this termination right is no longer applicable because such key shareholder voting agreements were delivered within 24 hours of the date of the merger agreement); and |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 “—