Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 764

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 764
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 the Non-Takedown Shareholder and its Affiliates in the aggregate (with (x) the Rabobank Representative to designate such allocation pro rata among the applicable Rabobank Parties based on the number of Registrable Equity Interests requested to be included by the Rabobank Parties and (y) the Ford Representative to designate such allocation pro rata among the applicable Ford Shareholders based on the number of Registrable Equity Interests requested to be included by the Ford Shareholders) and (ii) second, to the Company for any securities that the Company proposes to offer and sell for its own account or the account of other persons, including any persons holding securities that the Company is obligated to register pursuant to other registration rights arrangements who are not the Takedown Shareholder or Non-Takedown Shareholder, with such priorities among them as the Company shall determine (subject to the applicable terms of any agreements with other persons providing registration rights arrangements). Notwithstanding the foregoing, if the Rabobank Parties (A) hold in aggregate shares of Class B Common Stock that upon conversion into Class A Common Stock would have an aggregate value of less than $30,000,000 (based on the closing share price for the Class A Common Stock on the trading day immediately preceding the date that the Rabobank Parties submit a Takedown Request or notice pursuant to this Section 4.3(b) to include the Class B Common Stock in an Underwritten Shelf Takedown), and (B) elect to include 100% of their aggregate holdings of Class B Common Stock in an Underwritten Shelf Takedown, then the Rabobank Parties will not be subject to the cut-back allocation described above and, in such case, the total number of Registrable Equity Interests to be included in such Underwritten Shelf Takedown shall be allocated (I) first, to the Rabobank Parties in respect of the Class B Common Stock, (II) second, to the Ford Shareholders (the Ford Representative to designate such allocation pro rata among the applicable Ford Shareholders based on the number of Registrable Equity Interests requested to be included by the Ford Shareholders), (III) third, to the Rabobank Parties in respect of their Class A Common Stock (with the Rabobank Representative to designate such allocation pro rata among the applicable Rabobank Parties based on the number of Registrable Equity Interests requested to be included by the Rabobank Parties) and (IV) fourth, to the Company for any securities that the Company proposes to offer and