Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 468

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 468
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 to become outstanding any shares of capital stock or voting securities or equity interests or securities convertible (whether currently convertible or convertible only after the passage of time of the occurrence of certain events) or exchangeable into, or exercisable for, any shares of its capital stock or other equity or voting securities, including any Parent Securities or Parent Subsidiary Securities, or any options, warrants, or other rights of any kind to acquire any shares of capital stock or other equity or voting securities, including any Parent Securities or Parent Subsidiary Securities, except pursuant to the settlement of Parent Equity Awards that are outstanding as of the date hereof as set forth on Section 5.3(b)(iii) of the Parent Disclosure Schedule, in each case in accordance with their terms, and the payment of Director fees as set forth Parent’s director compensation program as most recently disclosed in the Parent Reports filed prior to the date hereof;

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(c) sell, transfer, mortgage, encumber or otherwise dispose of any of its material properties or assets (other than Intellectual Property addressed in Section 5.3(d) below) to any individual, corporation or other entity other than a wholly owned Subsidiary, or cancel, release or assign any indebtedness to any such person or any claims held by any such person, in each case other than sales and dispositions of immaterial properties or assets in the ordinary course of business or pursuant to contracts or agreements set forth on Section 5.3(c) of the Parent Disclosure Schedule;

(d) sell, assign, license, transfer or otherwise dispose of, cancel, abandon or allow to lapse or expire any Intellectual Property owned by Parent or its Subsidiaries, except for (i) non-exclusive licenses granted in the ordinary course of business or (ii) cancellations, abandonments, lapses or expirations of Intellectual Property at the end of such Intellectual Property’s statutory term in the ordinary course;

(e) except for foreclosure or acquisitions of control in a fiduciary or similar capacity or in satisfaction of debts previously contracted in good faith in the ordinary course of business, make any material investment in or acquisition of (whether by purchase of stock or securities, contributions to capital, property transfers, merger or consolidation, or formation of a joint venture or otherwise) any other person or the property or assets of any other person, in each case other than a wholly owned Parent Subsidiary;

(f