Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 778

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 778
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 for purposes of the BHC Act (or being required by applicable law to divest all or any portion of its Company Equity Interests) and (ii) use reasonable best efforts to ensure that any security of the Company or of any successor or acquiring corporation or entity issued to a Rabobank Party in any transaction to which the Company is a party after the Effective Time (e.g., a merger or other acquisition) has characteristics (including that, if requested by any Rabobank Party, any shares of Class B Common Stock held by such Rabobank Party shall be exchanged for shares of Class B Common Stock or non-voting shares within the meaning of the Bank Holding Company Act and the Federal Reserve’s regulations thereunder with substantially the same terms as the Class B Common Stock) and protective provisions substantially the same as those applicable to the Company Equity Interests held by the Rabobank Parties (including the protective rights in this Article V); it being understood that the failure of the issuer of any such security to agree to issuing a security with such characteristics or protective provisions despite the Ford Shareholders and the Company’s compliance with this Section 5.1(b) shall not, and shall not be a basis for any Rabobank Party to take any action to, prevent, inhibit or delay the consummation of any such transaction; provided , further that, in the case of such a failure, the Rabobank Parties will be entitled to transfer the number of Company Equity Interests necessary to avoid the situations described in (i) above without compliance with any restrictions or limitations on the Rabobank Parties’ transfer of Company Equity Interests in this Agreement.

(c) Without limiting Section 5.1(a) and Section 5.1(b), none of the Rabobank Parties, the Company, the Bank the Ford Shareholders or any of their respective Affiliates shall take any action which it knows would or would reasonably be expected to cause a Company Control Effect; provided , that nothing in this Agreement shall be construed to prohibit the Company, the Bank or any of its Affiliates from undertaking any redemption, recapitalization or repurchase of Company Equity Interests, Rights or other securities; provided , further , that if it is reasonably likely that such action would result in a Company Control Effect or cause the Rabobank Parties to violate the Non-Control Determination (as defined in the Purchase Agreement) or other regulatory requirement, the Company shall give the Rabobank Parties the right to participate in such redemption, recapitalization