Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 494

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 494
---
15

#### Exemption from Liability Under Section 16(b)
. Prior to the Effective Time, Parent and Company shall each take such steps as may be necessary or appropriate to cause any disposition or acquisitions of shares of Company Common Stock or Parent Common Stock (or conversion of any derivative securities in respect of such shares of Company Common Stock or Parent Common Stock) in connection with the consummation of the transactions contemplated by this Agreement to be exempt under Rule 16b-3 promulgated under the Exchange Act.

6.16

#### Parent Articles Amendment
. Subject to the receipt of the Requisite Parent Vote, prior to the Effective Time, Parent shall take all such actions as may be necessary or advisable to amend the Parent Articles as set forth in Exhibit B hereto (such amendment, the “ Parent Articles Amendment ”), including filing the Parent Articles Amendment with the Washington Secretary and causing the Parent Articles Amendment to be effective prior to the Effective Time.

6.17

#### Parent Bylaw Amendment
. Prior to the Effective Time, the Board of Directors of Parent shall take all actions necessary to adopt and effect an amendment to the Parent Bylaws as set forth in Exhibit D hereto (such amendment, the “ Parent Bylaw Amendment ”).

<div align='center'>A-49</div>

#### TABLE OF CONTENTS
6.18

#### Directors and Officers of Parent
. Subject to the terms of the Parent Articles and Parent Bylaws and applicable law, prior to the Effective Time, Parent shall take all such action as may be necessary or appropriate such that immediately following the Effective Time, the Board of Directors of Parent shall consist of (i) the directors of Company as of immediately prior to the Effective Time and (ii) one (1) director of Parent as of immediately prior to the Effective Time that is selected by Company, such individuals to serve in such capacities until such time as their successors shall have been duly elected or appointed and qualified or until their earlier death, resignation, or removal from office.

6.19

#### New Parent Equity Incentive Plan
. Subject to obtaining the approval of the New Parent Equity Incentive Plan contemplated by Section 6.3(b) , Parent shall take all such actions as may be necessary or advisable to adopt and implement the New Parent Equity Incentive Plan effective as of or prior to the Closing.

## Article VII

### CONDITIONS PRECEDENT
7.1

#### Conditions to Each Party’s Obligations
. The respective obligations of the Parties to effect the Merger