Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 782

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 782
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 provided , that failure to deliver any such notice or materials to any Observer shall not impair the validity of any action taken by the Board.

(v) Notwithstanding Sections 6.1(a)(i) and (iv), the Board may exclude the Observer from access to any Board materials or any Board meeting, or any portion of any Board meeting, to the same extent as it would exclude a similarly situated director in order to comply with applicable law or to the extent the Chairman of the Board or a majority of the members of the Board (or a majority of those present at a meeting, in the case of a meeting) determines in good faith after consultation with counsel that such

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exclusion is necessary or advisable to avoid an actual conflict of interest (including in the case of any dispute with a Rabobank Party or its Affiliates or any transaction between or among the Company or any of its Affiliates, on the one hand, and a Rabobank Party or any of its Affiliates, on the other hand) or to preserve attorney-client privilege.

(vi) The Rabobank Parties shall use their reasonable best efforts to cause the Observer to comply with the confidentiality provisions set forth in Section 6.4, and the Observer shall be required to comply with all laws and Company policies applicable to directors mutatis mutandis , provided , however, that nothing in this provision shall prevent the Observer from sharing information with the Rabobank Parties and their Affiliates and Representatives in accordance with Section 6.4.

(vii) The Company shall exculpate and indemnify the Observer from any and all loss, damage or claim against the Observer arising out of or relating to its position as an observer to the Board to the same extent as it exculpates and indemnifies directors, unless such loss, damage or claim is incurred by the Observer’s gross negligence or willful misconduct in the performance of its role as an observer.

(b) The Rabobank Parties shall have the right to remove or replace the Observer upon written notice to the Board subject to the Board’s reasonable approval (which approval shall not be unreasonably withheld, delayed or conditioned) of any such replacement. The initial Observer appointed by the Rabobank Parties is Marco Roddenhof.

(c) If, at any point in time, the Rabobank Parties acquire additional shares of voting Common Stock such that they beneficial