Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 781

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 781
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#### TABLE OF CONTENTS
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 beneficially own, in the aggregate, 9.9% or more of the Company’s voting Common Stock (after receiving approval by the Federal Reserve pursuant to Section 3 of the BHC Act and in accordance with any other applicable law and Article V), then the Rabobank Parties shall have the option, subject to applicable law and prior consent of the Federal Reserve and to the extent consistent with Article V, to appoint one (1) director to the Board of Directors of the Company subject to the Board’s reasonable approval (which approval shall not be unreasonably withheld, delayed or conditioned) of any such director in lieu of the Observer rights set forth in this Section 6.1.

Section 6.2 Financial Information; Access