Document:

exv10w4

 

Exhibit 10.4

 

GUARANTEE AGREEMENT

by and between

FCB BANCORP

and

WILMINGTON TRUST COMPANY

Dated as of September 30, 2005

 

 

 

 

GUARANTEE AGREEMENT

     This GUARANTEE AGREEMENT (this “Guarantee”), dated as of September 30, 2005, is executed and
delivered by FCB Bancorp, a California corporation (the “Guarantor”), and Wilmington Trust Company,
a Delaware banking corporation, as trustee (the “Guarantee Trustee”), for the benefit of the
Holders (as defined herein) from time to time of the Capital Securities (as defined herein) of FCB
Statutory Trust I, a Delaware statutory trust (the “Issuer”).

     WHEREAS, pursuant to an Amended and Restated Declaration of Trust (the “Declaration”), dated
as of the date hereof among Wilmington Trust Company, not in its individual capacity but solely as
institutional trustee, the administrators of the Issuer named therein, the Guarantor, as sponsor,
and the holders from time to time of undivided beneficial interests in the assets of the Issuer,
the Issuer is issuing on the date hereof those undivided beneficial interests, having an aggregate
liquidation amount of $10,000,000.00 (the “Capital Securities”); and

     WHEREAS, as incentive for the Holders to purchase the Capital Securities, the Guarantor
desires irrevocably and unconditionally to agree, to the extent set forth in this Guarantee, to pay
to the Holders of Capital Securities the Guarantee Payments (as defined herein) and to make certain
other payments on the terms and conditions set forth herein;

     NOW, THEREFORE, in consideration of the purchase by each Holder of the Capital Securities,
which purchase the Guarantor hereby agrees shall benefit the Guarantor, the Guarantor executes and
delivers this Guarantee for the benefit of the Holders.

ARTICLE I

DEFINITIONS AND INTERPRETATION

     Section 1.1. Definitions and Interpretation. In this Guarantee, unless the context
otherwise requires:

     (a) capitalized terms used in this Guarantee but not defined in the preamble above have the
respective meanings assigned to them in this Section 1.1;

     (b) a term defined anywhere in this Guarantee has the same meaning throughout;

     (c) all references to “the Guarantee” or “this Guarantee” are to this Guarantee as modified,
supplemented or amended from time to time;

     (d) all references in this Guarantee to “Articles” or “Sections” are to Articles or Sections
of this Guarantee, unless otherwise specified;

     (e) terms defined in the Declaration as at the date of execution of this Guarantee have the
same meanings when used in this Guarantee, unless otherwise defined in this Guarantee or unless the
context otherwise requires; and

     (f) a reference to the singular includes the plural and vice versa.

     “Affiliate” has the same meaning as given to that term in Rule 405 of the Securities
Act of 1933, as amended, or any successor rule thereunder.

 

 

     “Beneficiaries” means any Person to whom the Issuer is or hereafter becomes indebted
or liable.

     “Capital Securities” has the meaning set forth in the recitals to this Guarantee.

     “Common Securities” means the common securities issued by the Issuer to the Guarantor
pursuant to the Declaration.

     “Corporate Trust Office” means the office of the Guarantee Trustee at which the
corporate trust business of the Guarantee Trustee shall, at any particular time, be principally
administered, which office at the date of execution of this Guarantee is located at Rodney Square
North, 1100 North Market Street, Wilmington, Delaware 19890-1600, Attention: Corporate Trust
Administration.

     “Covered Person” means any Holder of Capital Securities.

     “Debentures” means the debt securities of the Guarantor designated the Fixed/Floating
Rate Junior Subordinated Deferrable Interest Debentures due 2035 held by the Institutional Trustee
(as defined in the Declaration) of the Issuer.

     “Declaration Event of Default” means an “Event of Default” as defined in the
Declaration.

     “Event of Default” has the meaning set forth in Section 2.4(a).

     “Guarantee Payments” means the following payments or distributions, without
duplication, with respect to the Capital Securities, to the extent not paid or made by the Issuer:
(i) any accrued and unpaid Distributions (as defined in the Declaration) which are required to be
paid on such Capital Securities to the extent the Issuer shall have funds available therefor, (ii)
the Redemption Price to the extent the Issuer has funds available therefor, with respect to any
Capital Securities called for redemption by the Issuer, (iii) the Special Redemption Price to the
extent the Issuer has funds available therefor, with respect to Capital Securities redeemed upon
the occurrence of a Special Event, and (iv) upon a voluntary or involuntary liquidation,
dissolution, winding-up or termination of the Issuer (other than in connection with the
distribution of Debentures to the Holders of the Capital Securities in exchange therefor as
provided in the Declaration), the lesser of (a) the aggregate of the liquidation amount and all
accrued and unpaid Distributions on the Capital Securities to the date of payment, to the extent
the Issuer shall have funds available therefor, and (b) the amount of assets of the Issuer
remaining available for distribution to Holders in liquidation of the Issuer (in either case, the
“Liquidation Distribution”).

     “Guarantee Trustee” means Wilmington Trust Company, until a Successor Guarantee
Trustee has been appointed and has accepted such appointment pursuant to the terms of this
Guarantee and thereafter means each such Successor Guarantee Trustee.

     “Guarantor” means FCB Bancorp and each of its successors and assigns.

     “Holder” means any holder, as registered on the books and records of the Issuer, of
any Capital Securities; provided, however, that, in determining whether the Holders
of the requisite percentage of Capital Securities have given any request, notice, consent or waiver
hereunder, “Holder” shall not include the Guarantor or any Affiliate of the Guarantor.

     “Indemnified Person” means the Guarantee Trustee, any Affiliate of the Guarantee
Trustee, or any officers, directors, shareholders, members, partners, employees, representatives,
nominees, custodians or agents of the Guarantee Trustee.

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     “Indenture” means the Indenture dated as of the date hereof between the Guarantor and
Wilmington Trust Company, not in its individual capacity but solely as trustee, and any indenture
supplemental thereto pursuant to which the Debentures are to be issued to the institutional trustee
of the Issuer.

     “Issuer” has the meaning set forth in the opening paragraph to this Guarantee.

     “Liquidation Distribution” has the meaning set forth in the definition of “Guarantee
Payments” herein.

     “Majority in liquidation amount of the Capital Securities” means Holder(s) of
outstanding Capital Securities, voting together as a class, but separately from the holders of
Common Securities, of more than 50% of the aggregate liquidation amount (including the stated
amount that would be paid on redemption, liquidation or otherwise, plus accrued and unpaid
Distributions to the date upon which the voting percentages are determined) of all Capital
Securities then outstanding.

     “Obligations” means any costs, expenses or liabilities (but not including liabilities
related to taxes) of the Issuer other than obligations of the Issuer to pay to holders of any Trust
Securities the amounts due such holders pursuant to the terms of the Trust Securities.

     “Officer’s Certificate” means, with respect to any Person, a certificate signed by one
Authorized Officer of such Person. Any Officer’s Certificate delivered with respect to compliance
with a condition or covenant provided for in this Guarantee shall include:

     (a) a statement that the officer signing the Officer’s Certificate has read the
covenant or condition and the definitions relating thereto;

     (b) a brief statement of the nature and scope of the examination or investigation
undertaken by the officer in rendering the Officer’s Certificate;

     (c) a statement that the officer has made such examination or investigation as, in such
officer’s opinion, is necessary to enable such officer to express an informed opinion as to
whether or not such covenant or condition has been complied with; and

     (d) a statement as to whether, in the opinion of the officer, such condition or
covenant has been complied with.

     “Person” means a legal person, including any individual, corporation, estate,
partnership, joint venture, association, joint stock company, limited liability company, trust,
unincorporated association, or government or any agency or political subdivision thereof, or any
other entity of whatever nature.

     “Redemption Price” has the meaning set forth in the Indenture.

     “Responsible Officer” means, with respect to the Guarantee Trustee, any officer within
the Corporate Trust Office of the Guarantee Trustee including any Vice President, Assistant Vice
President, Secretary, Assistant Secretary or any other officer of the Guarantee Trustee customarily
performing functions similar to those performed by any of the above designated officers and also,
with respect to a particular corporate trust matter, any other officer to whom such matter is
referred because of that officer’s knowledge of and familiarity with the particular subject.

     “Special Event” has the meaning set forth in the Indenture.

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     “Special Redemption Price” has the meaning set forth in the Indenture.

     “Successor Guarantee Trustee” means a successor Guarantee Trustee possessing the
qualifications to act as Guarantee Trustee under Section 3.1.

     “Trust Securities” means the Common Securities and the Capital Securities.

ARTICLE II

POWERS, DUTIES AND RIGHTS OF

GUARANTEE TRUSTEE

     Section 2.1. Powers and Duties of the Guarantee Trustee.

     (a) This Guarantee shall be held by the Guarantee Trustee for the benefit of the Holders of
the Capital Securities, and the Guarantee Trustee shall not transfer this Guarantee to any Person
except a Holder of Capital Securities exercising his or her rights pursuant to Section 4.4(b) or to
a Successor Guarantee Trustee on acceptance by such Successor Guarantee Trustee of its appointment
to act as Successor Guarantee Trustee. The right, title and interest of the Guarantee Trustee
shall automatically vest in any Successor Guarantee Trustee, and such vesting and cessation of
title shall be effective whether or not conveyancing documents have been executed and delivered
pursuant to the appointment of such Successor Guarantee Trustee.

     (b) If an Event of Default actually known to a Responsible Officer of the Guarantee Trustee
has occurred and is continuing, the Guarantee Trustee shall enforce this Guarantee for the benefit
of the Holders of the Capital Securities.

     (c) The Guarantee Trustee, before the occurrence of any Event of Default and after curing all
Events of Default that may have occurred, shall undertake to perform only such duties as are
specifically set forth in this Guarantee, and no implied covenants shall be read into this
Guarantee against the Guarantee Trustee. In case an Event of Default has occurred (that has not
been waived pursuant to Section 2.4) and is actually known to a Responsible Officer of the
Guarantee Trustee, the Guarantee Trustee shall exercise such of the rights and powers vested in it
by this Guarantee, and use the same degree of care and skill in its exercise thereof, as a prudent
person would exercise or use under the circumstances in the conduct of his or her own affairs.

     (d) No provision of this Guarantee shall be construed to relieve the Guarantee Trustee from
liability for its own negligent action, its own negligent failure to act, or its own willful
misconduct, except that:

     (i) prior to the occurrence of any Event of Default and after the curing or waiving of
all such Events of Default that may have occurred:

     (A) the duties and obligations of the Guarantee Trustee shall be determined
solely by the express provisions of this Guarantee, and the Guarantee Trustee shall
not be liable except for the performance of such duties and obligations as are
specifically set forth in this Guarantee, and no implied covenants or obligations
shall be read into this Guarantee against the Guarantee Trustee; and

     (B) in the absence of bad faith on the part of the Guarantee Trustee, the
Guarantee Trustee may conclusively rely, as to the truth of the statements and the
correctness of the opinions expressed therein, upon any certificates or opinions
furnished

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to the Guarantee Trustee and conforming to the requirements of this Guarantee;
but in the case of any such certificates or opinions that by any provision hereof
are specifically required to be furnished to the Guarantee Trustee, the Guarantee
Trustee shall be under a duty to examine the same to determine whether or not they
conform to the requirements of this Guarantee;

     (ii) the Guarantee Trustee shall not be liable for any error of judgment made in good
faith by a Responsible Officer of the Guarantee Trustee, unless it shall be proved that such
Responsible Officer of the Guarantee Trustee or the Guarantee Trustee was negligent in
ascertaining the pertinent facts upon which such judgment was made;

     (iii) the Guarantee Trustee shall not be liable with respect to any action taken or
omitted to be taken by it in good faith in accordance with the written direction of the
Holders of not less than a Majority in liquidation amount of the Capital Securities relating
to the time, method and place of conducting any proceeding for any remedy available to the
Guarantee Trustee, or relating to the exercise of any trust or power conferred upon the
Guarantee Trustee under this Guarantee; and

     (iv) no provision of this Guarantee shall require the Guarantee Trustee to expend or
risk its own funds or otherwise incur personal financial liability in the performance of any
of its duties or in the exercise of any of its rights or powers, if the Guarantee Trustee
shall have reasonable grounds for believing that the repayment of such funds is not
reasonably assured to it under the terms of this Guarantee or security and indemnity,
reasonably satisfactory to the Guarantee Trustee, against such risk or liability is not
reasonably assured to it.

     Section 2.2. Certain Rights of Guarantee Trustee.

     (a) Subject to the provisions of Section 2.1:

     (i) The Guarantee Trustee may conclusively rely, and shall be fully protected in acting
or refraining from acting upon, any resolution, certificate, statement, instrument, opinion,
report, notice, request, direction, consent, order, bond, debenture, note, other evidence of
indebtedness or other paper or document believed by it to be genuine and to have been
signed, sent or presented by the proper party or parties.

     (ii) Any direction or act of the Guarantor contemplated by this Guarantee shall be
sufficiently evidenced by an Officer’s Certificate.

     (iii) Whenever, in the administration of this Guarantee, the Guarantee Trustee shall
deem it desirable that a matter be proved or established before taking, suffering or
omitting any action hereunder, the Guarantee Trustee (unless other evidence is herein
specifically prescribed) may, in the absence of bad faith on its part, request and
conclusively rely upon an Officer’s Certificate of the Guarantor which, upon receipt of such
request, shall be promptly delivered by the Guarantor.

     (iv) The Guarantee Trustee shall have no duty to see to any recording, filing or
registration of any instrument (or any re-recording, refiling or re-registration thereof).

     (v) The Guarantee Trustee may consult with counsel of its selection, and the advice or
opinion of such counsel with respect to legal matters shall be full and complete
authorization and protection in respect of any action taken, suffered or omitted by it
hereunder in good faith and

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in accordance with such advice or opinion. Such counsel may be counsel to the Guarantor
or any of its Affiliates and may include any of its employees. The Guarantee Trustee shall
have the right at any time to seek instructions concerning the administration of this
Guarantee from any court of competent jurisdiction.

     (vi) The Guarantee Trustee shall be under no obligation to exercise any of the rights
or powers vested in it by this Guarantee at the request or direction of any Holder, unless
such Holder shall have provided to the Guarantee Trustee such security and indemnity,
reasonably satisfactory to the Guarantee Trustee, against the costs, expenses (including
attorneys’ fees and expenses and the expenses of the Guarantee Trustee’s agents, nominees or
custodians) and liabilities that might be incurred by it in complying with such request or
direction, including such reasonable advances as may be requested by the Guarantee Trustee;
provided, however, that nothing contained in this Section 2.2(a)(vi) shall
relieve the Guarantee Trustee, upon the occurrence of an Event of Default, of its obligation
to exercise the rights and powers vested in it by this Guarantee.

     (vii) The Guarantee Trustee shall not be bound to make any investigation into the facts
or matters stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, direction, consent, order, bond, debenture, note, other evidence of
indebtedness or other paper or document, but the Guarantee Trustee, in its discretion, may
make such further inquiry or investigation into such facts or matters as it may see fit.

     (viii) The Guarantee Trustee may execute any of the trusts or powers hereunder or
perform any duties hereunder either directly or by or through agents, nominees, custodians
or attorneys, and the Guarantee Trustee shall not be responsible for any misconduct or
negligence on the part of any agent or attorney appointed with due care by it hereunder.

     (ix) Any action taken by the Guarantee Trustee or its agents hereunder shall bind the
Holders of the Capital Securities, and the signature of the Guarantee Trustee or its agents
alone shall be sufficient and effective to perform any such action. No third party shall be
required to inquire as to the authority of the Guarantee Trustee to so act or as to its
compliance with any of the terms and provisions of this Guarantee, both of which shall be
conclusively evidenced by the Guarantee Trustee’s or its agent’s taking such action.

     (x) Whenever in the administration of this Guarantee the Guarantee Trustee shall deem
it desirable to receive instructions with respect to enforcing any remedy or right or taking
any other action hereunder, the Guarantee Trustee (i) may request instructions from the
Holders of a Majority in liquidation amount of the Capital Securities, (ii) may refrain from
enforcing such remedy or right or taking such other action until such instructions are
received, and (iii) shall be protected in conclusively relying on or acting in accordance
with such instructions.

     (xi) The Guarantee Trustee shall not be liable for any action taken, suffered, or
omitted to be taken by it in good faith, without negligence, and reasonably believed by it
to be authorized or within the discretion or rights or powers conferred upon it by this
Guarantee.

     (b) No provision of this Guarantee shall be deemed to impose any duty or obligation on the
Guarantee Trustee to perform any act or acts or exercise any right, power, duty or obligation
conferred or imposed on it, in any jurisdiction in which it shall be illegal or in which the
Guarantee Trustee shall be unqualified or incompetent in accordance with applicable law to perform
any such act or acts or to exercise any such right, power, duty or obligation. No permissive power
or authority available to the Guarantee Trustee shall be construed to be a duty.

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     Section 2.3. Not Responsible for Recitals or Issuance of Guarantee. The recitals
contained in this Guarantee shall be taken as the statements of the Guarantor, and the Guarantee
Trustee does not assume any responsibility for their correctness. The Guarantee Trustee makes no
representation as to the validity or sufficiency of this Guarantee.

     Section 2.4. Events of Default; Waiver.

     (a) An Event of Default under this Guarantee will occur upon the failure of the Guarantor to
perform any of its payment or other obligations hereunder.

     (b) The Holders of a Majority in liquidation amount of the Capital Securities may, voting or
consenting as a class, on behalf of the Holders of all of the Capital Securities, waive any past
Event of Default and its consequences. Upon such waiver, any such Event of Default shall cease to
exist, and shall be deemed to have been cured, for every purpose of this Guarantee, but no such
waiver shall extend to any subsequent or other default or Event of Default or impair any right
consequent thereon.

     Section 2.5. Events of Default; Notice.

     (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default,
transmit by mail, first class postage prepaid, to the Holders of the Capital Securities and the
Guarantor, notices of all Events of Default actually known to a Responsible Officer of the
Guarantee Trustee, unless such defaults have been cured before the giving of such notice,
provided, however, that the Guarantee Trustee shall be protected in withholding
such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith
determines that the withholding of such notice is in the interests of the Holders of the Capital
Securities.

     (b) The Guarantee Trustee shall not be deemed to have knowledge of any Event of Default unless
the Guarantee Trustee shall have received written notice from the Guarantor or a Holder of the
Capital Securities (except in the case of a payment default), or a Responsible Officer of the
Guarantee Trustee charged with the administration of this Guarantee shall have obtained actual
knowledge thereof.

ARTICLE III

GUARANTEE TRUSTEE

     Section 3.1. Guarantee Trustee; Eligibility.

     (a) There shall at all times be a Guarantee Trustee which shall:

     (i) not be an Affiliate of the Guarantor, and

     (ii) be a corporation organized and doing business under the laws of the United States
of America or any State or Territory thereof or of the District of Columbia, or Person
authorized under such laws to exercise corporate trust powers, having a combined capital and
surplus of at least 50 million U.S. dollars ($50,000,000), and subject to supervision or
examination by Federal, State, Territorial or District of Columbia authority. If such
corporation publishes reports of condition at least annually, pursuant to law or to the
requirements of the supervising or examining authority referred to above, then, for the
purposes of this Section 3.1(a)(ii), the combined capital and surplus of such corporation
shall be deemed to be its combined capital and surplus as set forth in its most recent
report of condition so published.

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     (b) If at any time the Guarantee Trustee shall cease to be eligible to so act under Section
3.1(a), the Guarantee Trustee shall immediately resign in the manner and with the effect set out in
Section 3.2(c).

     (c) If the Guarantee Trustee has or shall acquire any “conflicting interest” within the
meaning of Section 310(b) of the Trust Indenture Act, the Guarantee Trustee shall either eliminate
such interest or resign to the extent and in the manner provided by, and subject to this Guarantee.

     Section 3.2. Appointment, Removal and Resignation of Guarantee Trustee.

     (a) Subject to Section 3.2(b), the Guarantee Trustee may be appointed or removed without cause
at any time by the Guarantor except during an Event of Default.

     (b) The Guarantee Trustee shall not be removed in accordance with Section 3.2(a) until a
Successor Guarantee Trustee has been appointed and has accepted such appointment by written
instrument executed by such Successor Guarantee Trustee and delivered to the Guarantor.

     (c) The Guarantee Trustee appointed to office shall hold office until a Successor Guarantee
Trustee shall have been appointed or until its removal or resignation. The Guarantee Trustee may
resign from office (without need for prior or subsequent accounting) by an instrument in writing
executed by the Guarantee Trustee and delivered to the Guarantor, which resignation shall not take
effect until a Successor Guarantee Trustee has been appointed and has accepted such appointment by
an instrument in writing executed by such Successor Guarantee Trustee and delivered to the
Guarantor and the resigning Guarantee Trustee.

     (d) If no Successor Guarantee Trustee shall have been appointed and accepted appointment as
provided in this Section 3.2 within 60 days after delivery of an instrument of removal or
resignation, the Guarantee Trustee resigning or being removed may petition any court of competent
jurisdiction for appointment of a Successor Guarantee Trustee. Such court may thereupon, after
prescribing such notice, if any, as it may deem proper, appoint a Successor Guarantee Trustee.

     (e) No Guarantee Trustee shall be liable for the acts or omissions to act of any Successor
Guarantee Trustee.

     (f) Upon termination of this Guarantee or removal or resignation of the Guarantee Trustee
pursuant to this Section 3.2, the Guarantor shall pay to the Guarantee Trustee all amounts owing to
the Guarantee Trustee under Sections 7.2 and 7.3 accrued to the date of such termination, removal
or resignation.

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ARTICLE IV

GUARANTEE

     Section 4.1. Guarantee.

     (a) The Guarantor irrevocably and unconditionally agrees to pay in full to the Holders the
Guarantee Payments (without duplication of amounts theretofore paid by the Issuer), as and when
due, regardless of any defense (except the defense of payment by the Issuer), right of set-off or
counterclaim that the Issuer may have or assert. The Guarantor’s obligation to make a Guarantee
Payment may be satisfied by direct payment of the required amounts by the Guarantor to the Holders
or by causing the Issuer to pay such amounts to the Holders.

     (b) The Guarantor hereby also agrees to assume any and all Obligations of the Issuer and in
the event any such Obligation is not so assumed, subject to the terms and conditions hereof, the
Guarantor hereby irrevocably and unconditionally guarantees to each Beneficiary the full payment,
when and as due, of any and all Obligations to such Beneficiaries. This Guarantee is intended to
be for the benefit of, and to be enforceable by, all such Beneficiaries, whether or not such
Beneficiaries have received notice hereof.

     Section 4.2. Waiver of Notice and Demand. The Guarantor hereby waives notice of
acceptance of this Guarantee and of any liability to which it applies or may apply, presentment,
demand for payment, any right to require a proceeding first against the Issuer or any other Person
before proceeding against the Guarantor, protest, notice of nonpayment, notice of dishonor, notice
of redemption and all other notices and demands.

     Section 4.3. Obligations Not Affected. The obligations, covenants, agreements and
duties of the Guarantor under this Guarantee shall in no way be affected or impaired by reason of
the happening from time to time of any of the following:

     (a) the release or waiver, by operation of law or otherwise, of the performance or observance
by the Issuer of any express or implied agreement, covenant, term or condition relating to the
Capital Securities to be performed or observed by the Issuer;

     (b) the extension of time for the payment by the Issuer of all or any portion of the
Distributions, Redemption Price, Special Redemption Price, Liquidation Distribution or any other
sums payable under the terms of the Capital Securities or the extension of time for the performance
of any other obligation under, arising out of or in connection with, the Capital Securities (other
than an extension of time for payment of Distributions, Redemption Price, Special Redemption Price,
Liquidation Distribution or other sum payable that results from the extension of any interest
payment period on the Debentures or any extension of the maturity date of the Debentures permitted
by the Indenture);

     (c) any failure, omission, delay or lack of diligence on the part of the Holders to enforce,
assert or exercise any right, privilege, power or remedy conferred on the Holders pursuant to the
terms of the Capital Securities, or any action on the part of the Issuer granting indulgence or
extension of any kind;

     (d) the voluntary or involuntary liquidation, dissolution, sale of any collateral,
receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization,
arrangement, composition or readjustment of debt of, or other similar proceedings affecting, the
Issuer or any of the assets of the Issuer;

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     (e) any invalidity of, or defect or deficiency in, the Capital Securities;

     (f) the settlement or compromise of any obligation guaranteed hereby or hereby incurred; or

     (g) any other circumstance whatsoever that might otherwise constitute a legal or equitable
discharge or defense of a guarantor, it being the intent of this Section 4.3 that the obligations
of the Guarantor hereunder shall be absolute and unconditional under any and all circumstances.

     There shall be no obligation of the Holders to give notice to, or obtain consent of, the
Guarantor with respect to the happening of any of the foregoing.

     Section 4.4. Rights of Holders.

     (a) The Holders of a Majority in liquidation amount of the Capital Securities have the right
to direct the time, method and place of conducting any proceeding for any remedy available to the
Guarantee Trustee in respect of this Guarantee or to direct the exercise of any trust or power
conferred upon the Guarantee Trustee under this Guarantee; provided, however, that
(subject to Section 2.1) the Guarantee Trustee shall have the right to decline to follow any such
direction if the Guarantee Trustee being advised by counsel determines that the action or
proceeding so directed may not lawfully be taken or if the Guarantee Trustee in good faith by its
board of directors or trustees, executive committees or a trust committee of directors or trustees
and/or Responsible Officers shall determine that the action or proceedings so directed would
involve the Guarantee Trustee in personal liability.

     (b) Any Holder of Capital Securities may institute a legal proceeding directly against the
Guarantor to enforce the Guarantee Trustee’s rights under this Guarantee, without first instituting
a legal proceeding against the Issuer, the Guarantee Trustee or any other Person. The Guarantor
waives any right or remedy to require that any such action be brought first against the Issuer, the
Guarantee Trustee or any other Person before so proceeding directly against the Guarantor.

     Section 4.5. Guarantee of Payment. This Guarantee creates a guarantee of payment and
not of collection.

     Section 4.6. Subrogation. The Guarantor shall be subrogated to all (if any) rights of
the Holders of Capital Securities against the Issuer in respect of any amounts paid to such Holders
by the Guarantor under this Guarantee; provided, however, that the Guarantor shall
not (except to the extent required by mandatory provisions of law) be entitled to enforce or
exercise any right that it may acquire by way of subrogation or any indemnity, reimbursement or
other agreement, in all cases as a result of payment under this Guarantee, if, after giving effect
to any such payment, any amounts are due and unpaid under this Guarantee. If any amount shall be
paid to the Guarantor in violation of the preceding sentence, the Guarantor agrees to hold such
amount in trust for the Holders and to pay over such amount to the Holders.

     Section 4.7. Independent Obligations. The Guarantor acknowledges that its obligations
hereunder are independent of the obligations of the Issuer with respect to the Capital Securities
and that the Guarantor shall be liable as principal and as debtor hereunder to make Guarantee
Payments pursuant to the terms of this Guarantee notwithstanding the occurrence of any event
referred to in subsections (a) through (g), inclusive, of Section 4.3 hereof.

     Section 4.8. Enforcement by a Beneficiary. A Beneficiary may enforce the obligations
of the Guarantor contained in Section 4.1(b) directly against the Guarantor and the Guarantor
waives any right or remedy to require that any action be brought against the Issuer or any other
person or entity before proceeding against the Guarantor. The Guarantor shall be subrogated to all
rights (if any) of any

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Beneficiary against the Issuer in respect of any amounts paid to the
Beneficiaries by the Guarantor under this Guarantee; provided, however, that the
Guarantor shall not (except to the extent required by mandatory provisions of law) be entitled to
enforce or exercise any rights that it may acquire by way of subrogation or any indemnity,
reimbursement or other agreement, in all cases as a result of payment under this Guarantee, if at
the time of any such payment, and after giving effect to such payment, any amounts are due and
unpaid under this Guarantee.

ARTICLE V

LIMITATION OF TRANSACTIONS; SUBORDINATION

     Section 5.1. Limitation of Transactions. So long as any Capital Securities remain
outstanding, if (a) there shall have occurred and be continuing an Event of Default or a
Declaration Event of Default or (b) the Guarantor shall have selected an Extension Period as
provided in the Declaration and such period, or any extension thereof, shall have commenced and be
continuing, then the Guarantor shall not and shall not permit any Affiliate to (x) declare or pay
any dividends or distributions on, or redeem, purchase, acquire, or make a liquidation payment with
respect to, any of the Guarantor’s or such Affiliate’s capital stock (other than payments of
dividends or distributions to the Guarantor) or make any guarantee payments with respect to the
foregoing or (y) make any payment of principal of or interest or premium, if any, on or repay,
repurchase or redeem any debt securities of the Guarantor or any Affiliate that rank pari passu in
all respects with or junior in interest to the Debentures (other than, with respect to clauses (x)
and (y) above, (i) repurchases, redemptions or other acquisitions of shares of capital stock of the
Guarantor in connection with any employment contract, benefit plan or other similar arrangement
with or for the benefit of one or more employees, officers, directors or consultants, in connection
with a dividend reinvestment or stockholder stock purchase plan or in connection with the issuance
of capital stock of the Guarantor (or securities convertible into or exercisable for such capital
stock) as consideration in an acquisition transaction entered into prior to the occurrence of the
Event of Default, Declaration Event of Default or Extension Period, as applicable, (ii) as a result
of any exchange or conversion of any class or series of the Guarantor’s capital stock (or any
capital stock of a subsidiary of the Guarantor) for any class or series of the Guarantor’s capital
stock or of any class or series of the Guarantor’s indebtedness for any class or series of the
Guarantor’s capital stock, (iii) the purchase of fractional interests in shares of the Guarantor’s
capital stock pursuant to the conversion or exchange provisions of such capital stock or the
security being converted or exchanged, (iv) any declaration of a dividend in connection with any
stockholders’ rights plan, or the issuance of rights, stock or other property under any
stockholders’ rights plan, or the redemption or repurchase of rights pursuant thereto, (v) any
dividend in the form of stock, warrants, options or other rights where the dividend stock or the
stock issuable upon exercise of such warrants, options or other rights is the same stock as that on
which the dividend is being paid or ranks pari passu with or junior to such stock and any cash
payments in lieu of fractional shares issued in connection therewith, or (vi) payments under this
Guarantee).

     Section 5.2. Ranking. This Guarantee will constitute an unsecured obligation of the
Guarantor and will rank subordinate and junior in right of payment to all present and future Senior
Indebtedness (as defined in the Indenture) of the Guarantor. By their acceptance thereof, each
Holder of Capital Securities agrees to the foregoing provisions of this Guarantee and the other
terms set forth herein.

     The right of the Guarantor to participate in any distribution of assets of any of its
subsidiaries upon any such subsidiary’s liquidation or reorganization or otherwise is subject to
the prior claims of creditors of that subsidiary, except to the extent the Guarantor may itself be
recognized as a creditor of that subsidiary. Accordingly, the Guarantor’s obligations under this
Guarantee will be effectively subordinated to all existing and future liabilities of the
Guarantor’s subsidiaries, and claimants should look only to the assets of the Guarantor for
payments hereunder. This Guarantee does not limit the

11

 

incurrence or issuance of other secured or
unsecured debt of the Guarantor, including Senior Indebtedness of the Guarantor, under any
indenture that the Guarantor may enter into in the future or otherwise.

ARTICLE VI

TERMINATION

     Section 6.1. Termination. This Guarantee shall terminate as to the Capital Securities
(i) upon full payment of the Redemption Price or Special Redemption Price of all Capital Securities
then outstanding, (ii) upon the distribution of all of the Debentures to the Holders of all of the
Capital Securities or (iii) upon full payment of the amounts payable in accordance with the
Declaration upon dissolution of the Issuer. This Guarantee will continue to be effective or will
be reinstated, as the case may be, if at any time any Holder of Capital Securities must restore
payment of any sums paid under the Capital Securities or under this Guarantee.

ARTICLE VII

INDEMNIFICATION

     Section 7.1. Exculpation.

     (a) No Indemnified Person shall be liable, responsible or accountable in damages or otherwise
to the Guarantor or any Covered Person for any loss, damage or claim incurred by reason of any act
or omission performed or omitted by such Indemnified Person in good faith in accordance with this
Guarantee and in a manner that such Indemnified Person reasonably believed to be within the scope
of the authority conferred on such Indemnified Person by this Guarantee or by law, except that an
Indemnified Person shall be liable for any such loss, damage or claim incurred by reason of such
Indemnified Person’s negligence or willful misconduct with respect to such acts or omissions.

     (b) An Indemnified Person shall be fully protected in relying in good faith upon the records
of the Issuer or the Guarantor and upon such information, opinions, reports or statements presented
to the Issuer or the Guarantor by any Person as to matters the Indemnified Person reasonably
believes are within such other Person’s professional or expert competence and who, if selected by
such Indemnified Person, has been selected with reasonable care by such Indemnified Person,
including information, opinions, reports or statements as to the value and amount of the assets,
liabilities, profits, losses, or any other facts pertinent to the existence and amount of assets
from which Distributions to Holders of Capital Securities might properly be paid.

     Section 7.2. Indemnification.

     (a) The Guarantor agrees to indemnify each Indemnified Person for, and to hold each
Indemnified Person harmless against, any and all loss, liability, damage, claim or expense incurred
without negligence or willful misconduct on the part of the Indemnified Person, arising out of or
in connection with the acceptance or administration of the trust or trusts hereunder, including,
but not limited to, the costs and expenses (including reasonable legal fees and expenses) of the
Indemnified Person defending itself against, or investigating, any claim or liability in connection
with the exercise or performance of any of the Indemnified Person’s powers or duties hereunder.
The obligation to indemnify as set forth in this Section 7.2 shall survive the resignation or
removal of the Guarantee Trustee and the termination of this Guarantee.

12

 

     (b) Promptly after receipt by an Indemnified Person under this Section 7.2 of notice of the
commencement of any action, such Indemnified Person will, if a claim in respect thereof is to be
made against the Guarantor under this Section 7.2, notify the Guarantor in writing of the
commencement thereof; but the failure so to notify the Guarantor (i) will not relieve the Guarantor
from liability under paragraph (a) above unless and to the extent that the Guarantor did not
otherwise learn of such action and such failure results in the forfeiture by the Guarantor of
substantial rights and defenses and (ii) will not, in any event, relieve the Guarantor from any
obligations to any Indemnified Person other than the indemnification obligation provided in
paragraph (a) above. The Guarantor shall be entitled to appoint counsel of the Guarantor’s choice
at the Guarantor’s expense to represent the Indemnified Person in any action for which
indemnification is sought (in which case the Guarantor shall not thereafter be responsible for the
fees and expenses of any separate counsel retained by the Indemnified Person or Persons except as
set forth below); provided, however, that such counsel shall be reasonably
satisfactory to the Indemnified Person. Notwithstanding the Guarantor’s election to appoint
counsel to represent the Guarantor in an action, the Indemnified Person shall have the right to
employ separate counsel (including local counsel), and the Guarantor shall bear the reasonable
fees, costs and expenses of such separate counsel if (i) the use of counsel chosen by the Guarantor
to represent the Indemnified Person would present such counsel with a conflict of interest, (ii)
the actual or potential defendants in, or targets of, any such action include both the Indemnified
Person and the Guarantor and the Indemnified Person shall have reasonably concluded that there may
be legal defenses available to it and/or other Indemnified Person(s) which are different from or
additional to those available to the Guarantor, (iii) the Guarantor shall not have employed counsel
satisfactory to the Indemnified Person to represent the Indemnified Person within a reasonable time
after notice of the institution of such action or (iv) the Guarantor shall authorize the
Indemnified Person to employ separate counsel at the expense of the Guarantor. The Guarantor will
not, without the prior written consent of the Indemnified Persons, settle or compromise or consent
to the entry of any judgment with respect to any pending or threatened claim, action, suit or
proceeding in respect of which indemnification or contribution may be sought hereunder (whether or
not the Indemnified Persons are actual or potential parties to such claim or action) unless such
settlement, compromise or consent includes an unconditional release of each Indemnified Person from
all liability arising out of such claim, action, suit or proceeding.

     Section 7.3. Compensation; Reimbursement of Expenses. The Guarantor agrees:

     (a) to pay to the Guarantee Trustee from time to time such compensation for all services
rendered by it hereunder as the parties shall agree to from time to time (which compensation shall
not be limited by any provision of law in regard to the compensation of a trustee of an express
trust); and

     (b) except as otherwise expressly provided herein, to reimburse the Guarantee Trustee upon
request for all reasonable expenses, disbursements and advances incurred or made by it in
accordance with any provision of this Guarantee (including the reasonable compensation and the
expenses and disbursements of its agents and counsel), except any such expense, disbursement or
advance as may be attributable to its negligence or willful misconduct.

     For purposes of clarification, this Section 7.3 does not contemplate the payment by the
Guarantor of acceptance or annual administration fees owing to the Guarantee Trustee for services
to be provided by the Guarantee Trustee under this Guarantee or the fees and expenses of the
Guarantee Trustee’s counsel in connection with the closing of the transactions contemplated by this
Guarantee. The provisions of this Section 7.3 shall survive the resignation or removal of the
Guarantee Trustee and the termination of this Guarantee.

13

 

ARTICLE VIII

MISCELLANEOUS

     Section 8.1. Successors and Assigns. All guarantees and agreements contained in this
Guarantee shall bind the successors, assigns, receivers, trustees and representatives of the
Guarantor and shall inure to the benefit of the Holders of the Capital Securities then outstanding.
Except in connection with any merger or consolidation of the Guarantor with or into another entity
or any sale, transfer or lease of the Guarantor’s assets to another entity, in each case, to the
extent permitted under the Indenture, the Guarantor may not assign its rights or delegate its
obligations under this Guarantee without the prior approval of the Holders of at least a Majority
in liquidation amount of the Capital Securities.

     Section 8.2. Amendments. Except with respect to any changes that do not adversely
affect the rights of Holders of the Capital Securities in any material respect (in which case no
consent of Holders will be required), this Guarantee may be amended only with the prior approval of
the Holders of not less than a Majority in liquidation amount of the Capital Securities. The
provisions of the Declaration with respect to amendments thereof apply to the giving of such
approval.

     Section 8.3. Notices. All notices provided for in this Guarantee shall be in writing,
duly signed by the party giving such notice, and shall be delivered, telecopied or mailed by first
class mail, as follows:

     (a) If given to the Guarantee Trustee, at the Guarantee Trustee’s mailing address set forth
below (or such other address as the Guarantee Trustee may give notice of to the Holders of the
Capital Securities and the Guarantor):

Wilmington Trust Company

Rodney Square North

1100 North Market Street

Wilmington, Delaware 19890-1600

Attention: Corporate Trust Administration

Telecopy: 302-636-4140

     (b) If given to the Guarantor, at the Guarantor’s mailing address set forth below (or such
other address as the Guarantor may give notice of to the Holders of the Capital Securities and to
the Guarantee Trustee):

FCB Bancorp

1100 Paseo Camarillo

Camarillo, California 93010

Attention: Romolo Santarosa

Telecopy: 805-383-1826

     (c) If given to any Holder of the Capital Securities, at the address set forth on the books
and records of the Issuer.

     All such notices shall be deemed to have been given when received in person, telecopied with
receipt confirmed, or mailed by first class mail, postage prepaid, except that if a notice or other
document is refused delivery or cannot be delivered because of a changed address of which no notice
was given,

14

 

such notice or other document shall be deemed to have been delivered on the date of such
refusal or inability to deliver.

     Section 8.4. Benefit. This Guarantee is solely for the benefit of the Beneficiaries
and, subject to Section 2.1(a), is not separately transferable from the Capital Securities.

     Section 8.5. Governing Law. THIS GUARANTEE SHALL BE GOVERNED BY, AND CONSTRUED AND
INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICT OF
LAWS PRINCIPLES THEREOF (OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW).

     Section 8.6. Counterparts. This Guarantee may be executed in one or more
counterparts, each of which shall be an original, but all of which taken together shall constitute
one and the same instrument.

     Section 8.7 Separability. In case one or more of the provisions contained in this
Guarantee shall for any reason be held to be invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provisions of this Guarantee,
but this Guarantee shall be construed as if such invalid or illegal or unenforceable provision had
never been contained herein.

Signatures appear on the following page

15

 

     THIS GUARANTEE is executed as of the day and year first above written.

	 	 	 	 	 
	 	 	FCB BANCORP, as Guarantor
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	          Name:
	 

	 	 	 	          Title:
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	WILMINGTON TRUST COMPANY, as Guarantee Trustee
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 

	 	 	 	          Name:
	 

	 	 	 	          Title:

16exv4w9xiiy

 

Exhibit 4.9(ii)

AMENDED AND RESTATED BYLAWS

OF

URS CORPORATION

a Nevada corporation

as of October 26, 2005

(Formerly known as URS GREINER WOODWARD-CLYDE INTERNATIONAL-AMERICAS, INC.)

(Formerly known as WOODWARD-CLYDE CONSULTANTS)

* * * * *

ARTICLE I

OFFICES

     Section 1.    The registered office shall be in Reno, Nevada.

     Section 2.    The corporation may also have offices at such other places both within and without
the State of Nevada as the board of directors may from time to time determine or the business of
the corporation may require.

ARTICLE II

MEETINGS OF STOCKHOLDERS

     Section 1.    All annual meetings of the stockholders shall be held in the City of San
Francisco, State of California. Special meetings of the stockholders may be held at such time and
place within or without the State of Nevada as shall be stated in the notice of the meeting, or in
a duly executed waiver of notice thereof.

     Section 2.    Annual meetings of stockholders shall be held on the first day of November, if
not a legal holiday, and if a legal holiday, then on the next secular day following at which they
shall elect by a plurality vote a board of directors, and transact such other business as may
properly be brought before the meeting.

     Section 3.    Special meetings of the stockholders, for any purpose or purposes, unless
otherwise prescribed by statute or by the articles of incorporation, may be called by the president
and shall be called by the president or secretary at the request in writing of a majority of the
board of directors, or at the request in writing of stockholders owning a majority in amount of the
entire capital stock of the corporation issued and outstanding and entitled to vote. Such request
shall state the purpose or purposes of the proposed meeting.

     Section 4.    Notices of meetings shall be in writing and signed by the president or a vice
president, or the secretary, or an assistant secretary, or by such other natural person or persons
as the directors shall designate. Such notice shall state the purpose or purposes for which the

 

 

meeting is called and the time when and the place where it is to be held. A copy of such notice
shall be either delivered personally to or shall be mailed, postage prepaid, to each stockholder of
record entitled to vote at such meeting not less than ten nor more than sixty days before such
meeting. If mailed, it shall be directed to a stockholder at his address as it appears upon the
records of the corporation and upon such mailing of any such notice, the service thereof shall be
complete, and the time of the notice shall begin to run from the date upon which such notice is
deposited in the mail for transmission to such stockholder. Personal delivery of any such notice to
any officer of a corporation or association, or to any member of a partnership shall constitute
delivery of such notice to such corporation, association or partnership. In the event of the
transfer of stock after delivery or mailing of the notice of and prior to the holding of the
meeting it shall not be necessary to deliver or mail notice of the meeting to the transferee.

     Section 5.    Business transacted at any special meeting of stockholders shall be limited to the
purposes stated in the notice.

     Section 6.    In no instance where action is authorized by unanimous written consent need a
meeting of stockholders be called or notice given.

     Section 7.    The holders of a majority of the stock issued and outstanding and entitled to vote
thereat, present in person or represented by proxy, shall constitute a quorum at all meetings of
the stockholders for the transaction of business except as otherwise provided by statute or by the
articles of incorporation. If, however, such quorum shall not be present or represented at any
meeting of the stockholders, the stockholders entitled to vote thereat, present in person or
represented by proxy, shall have power to adjourn the meeting from time to time, without notice
other than announcement at the meeting, until a quorum shall be present or represented. At such
adjourned meeting at which a quorum shall be present or represented, any business may be transacted
which might have been transacted at the meeting as originally notified.

     Section 8.    When a quorum is present or represented at any meeting, the vote of the holders
of a majority of the stock having voting power present in person or represented by proxy shall
decide any question brought before such meeting, unless the question is one upon which by express
provision of the statutes or of the articles of incorporation a different vote is required in which
case such express provision shall govern and control the decision of such question.

     Section 9.    Every stockholder of record of the corporation shall be entitled at each meeting
of stockholders to one vote for each share of stock standing in his name on the books of the
corporation.

     Section 10.    At any meeting of the stockholders, any stockholder may be represented and vote
by a proxy or proxies appointed by an instrument in writing. In the event that any such instrument
in writing shall designate two or more persons to act as proxies, a majority of such persons
present at the meeting, or, if only one shall be present, then that one shall have and may exercise
all of the powers conferred by such written instrument upon all of the persons so designated unless
the instrument shall otherwise provide. No such proxy shall be valid after the expiration of six
months from the date of its execution, unless coupled with an interest, or unless the person
executing it specifies therein the length of time for which it is to continue in force,

 

 

which in no case shall exceed seven years from the

date of its execution. Subject to the above, any proxy duly executed is not revoked and continues
in full force and effect until an instrument revoking it or a duly executed proxy bearing a later
date is filed with the secretary of the corporation.

     Section 11.    Any action, which may be taken by the vote of the stockholders at a meeting, may
be taken without a meeting if authorized by the written consent of stockholders holding at least a
majority of the voting power, unless the provisions of the statutes or of the articles of
incorporation require a greater proportion of voting power to authorize such action in which case
such greater proportion of written consents shall be required.

ARTICLE III

DIRECTORS

     Section 1.    The authorized number of directors shall be determined from time to time by
resolution of the Board of Directors, provided that the Board of Directors shall consist of at
least one member. The number of Directors may not be less than three except that where all the
shares of the corporation are owned beneficially and of record by either one or two Stockholders,
the number of Directors may be less than three but not less than the number of Stockholders.

     Section 2.    Vacancies, including those caused by an increase in the number of directors, may
be filled by a majority of the remaining directors though less than a quorum. When one or more
directors shall give notice of his or their resignation to the board, effective at a future date,
the board shall have power to fill such vacancy or vacancies to take effect when such resignation
or resignations shall become effective, each director so appointed to hold office during the
remainder of the term of office of the resigning director or directors.

     Section 3.    The business of the corporation shall be managed by its board of directors which
may exercise all such powers of the corporation and do all such lawful acts and things as are not
by statute or by the articles of incorporation or by these by-laws directed or required to be
exercised or done by the stockholders.

MEETINGS OF THE BOARD OF DIRECTORS

     Section 4.    The board of directors of the corporation may hold meetings, both regular and
special, either within or without the State of Nevada.

     Section 5.    The first meeting of each newly elected board of directors shall be held at such
time and place as shall be fixed by the vote of the stockholders at the annual meeting and no
notice of such meeting shall be necessary to the newly elected directors in order legally to
constitute the meeting, provided a quorum shall be present. In the event of the failure of the
stockholders to fix the time or place of such first meeting of the newly elected board of
directors, or in the event such meeting is not held at the time and place so fixed by the
stockholders, the meeting may be held at such time and place as shall be specified in a notice
given as hereinafter provided for special meetings of the board of directors, or as shall be
specified in a written waiver signed by all of the directors.

 

 

     Section 6.    Regular meetings of the board of directors may be held without notice at such time
and place as shall from time to time be determined by the board.

     Section 7.    Special meetings of the board of directors may be called by the president or
secretary on the written request of two directors. Written notice of special meetings of the board
of directors shall be given to each director at least two (2) days before the date of the meeting.

     Section 8.    A majority of the board of directors, at a meeting duly assembled, shall be
necessary to constitute a quorum for the transaction of business and the act of a majority of the
directors present at any meeting at which a quorum is present shall be the act of the board of
directors, except as may be otherwise specifically provided by statute or by the articles of
incorporation. Any action required or permitted to be taken at a meeting of the directors may be
taken without a meeting if a consent in writing, setting forth the action so taken, shall be signed
by all of the directors entitled to vote with respect to the subject matter thereof.

COMMlTTEES OF DIRECTORS

     Section 9.    The board of directors may, by resolution passed by a majority of the whole board,
designate one or more committees, each committee to consist of one or more of the directors of the
corporation, which, to the extent provided in the resolution, shall have and may exercise the
powers of the board of directors in the management of the business and affairs of the corporation,
and may have power to authorize the seal of the corporation to be affixed to all papers on which
the corporation desires to place a seal. Such committee or committees shall have such name or names
as may be determined from time to time by resolution adopted by the board of directors.

     Section 10.    The committees shall keep regular minutes of their proceedings and report the
same to the board when required.

COMPENSATION OF DIRECTORS

     Section 11.    The directors may be paid their expenses, if any, of attendance at each meeting
of the board of directors and may be paid a fixed sum for attendance at each meeting of the board
of directors or a stated salary as director. No such payment shall preclude any director from
serving the corporation in any other capacity and receiving compensation therefor. Members of
special or standing committees may be allowed like compensation for attending committee meetings.

ARTICLE IV

NOTICES

     Section 1.    Notices to directors and stockholders shall be in writing and delivered personally
or mailed to the directors or stockholders at their addresses appearing on the books of the
corporation. Notice by mail shall be deemed to be given at the time when the same shall be mailed.
Notice to directors may also be given by facsimile telecommunication.

 

 

     Section 2.    Whenever all parties entitled to vote at any meeting, whether of directors or
stockholders, consent, either by a writing on the records of the meeting or filed with the
secretary, or by presence at such meeting and oral consent entered on the minutes, or by taking
part in the deliberations at such meeting without objection, the doings of such meeting shall be as
valid as if had at a meeting regularly called and noticed, and at such meeting any business may be
transacted which is not excepted from the written consent or to the consideration of which no
objection for want of notice is made at the time, and if any meeting be irregular for want of
notice or of such consent, provided a quorum was present at such meeting, the proceedings of said
meeting may be ratified and approved and rendered likewise valid and the irregularity or defect
therein waived by a writing signed by all parties having the right to vote at such meetings; and
such consent or approval of stockholders may be by proxy or attorney, but all such proxies and
powers of attorney must be in writing.

     Section 3.    Whenever any notice whatever is required to be given under the provisions of the
statutes, of the articles of incorporation or of these by-laws, a waiver thereof in writing, signed
by the person or persons entitled to said notice, whether before or after the time stated therein,
shall be deemed equivalent thereto.

ARTICLE V

OFFICERS

     Section 1.    The officers of the corporation shall be chosen by the board of directors and
shall be a president, a vice president, a secretary and a treasurer. Any natural person may hold
two or more offices.

     Section 2.    The board of directors at its first meeting after each annual meeting of
stockholders shall choose a president, a vice president, a secretary and a treasurer, none of whom
need be a member of the board.

     Section 3.    The board of directors may appoint additional vice presidents, and assistant
secretaries and assistant treasurers and such other officers and agents as it shall deem necessary
who shall hold their offices for such terms and shall exercise such powers and perform such duties
as shall be determined from time to time by the board.

     Section 4.    The salaries of all officers and agents of the corporation shall be fixed by the
board of directors.

     Section 5.    The officers of the corporation shall hold office until their successors are
chosen and qualify. Any officer elected or appointed by the board of directors may be removed at
any time by the affirmative vote of a majority of the board of directors. Any vacancy occurring in
any office of the corporation by death, resignation, removal or otherwise shall be filled by the
board of directors.

 

 

THE PRESIDENT

     Section 6.    The president shall be the chief executive officer of the corporation, shall
preside at all meetings of the stockholders and the board of directors, shall have general and
active management of the business of the corporation, and shall see that all orders and resolutions
of the board of directors are carried into effect.

     Section 7.    He shall execute bonds, mortgages and other contracts requiring a seal, under the
seal of the corporation, except where required or permitted by law to be otherwise signed and
executed and except where the signing and execution thereof shall be expressly delegated by the
board of directors to some other officer or agent of the corporation.

THE VICE PRESIDENT

     Section 8.    The vice president shall, in the absence or disability of the president, perform
the duties and exercise the powers of the president and shall perform such other duties as the
board of directors may from time to time prescribe.

THE SECRETARY

     Section 9.    The secretary shall attend all meetings of the board of directors and all meetings
of the stockholders and record all the proceedings of the meetings of the corporation and of the
board of directors in a book to be kept for that purpose and shall perform like duties for the
standing committees when required. He shall give, or cause to be given, notice of all meetings of
the stockholders and special meetings of the board of directors, and shall perform such other
duties as may be prescribed by the board of directors or president, under whose supervision he
shall be. He shall keep in safe custody the seal of the corporation and, when authorized by the
board of directors, affix the same to any instrument requiring it and, when so affixed, it shall be
attested by his signature or by the signature of the treasurer or an assistant secretary.

THE TREASURER

     Section 10.    The treasurer shall have the custody of the corporate funds and securities and
shall keep full and accurate accounts of receipts and disbursements in books belonging to the
corporation and shall deposit all moneys and other valuable effects in the name and to the credit
of the corporation in such depositories as may be designated by the board of directors.

     Section 11.    He shall disburse the funds of the corporation as may be ordered by the board of
directors taking proper vouchers for such disbursements, and shall render to the president and the
board of directors, at the regular meetings of the board, or when the board of directors so
requires, an account of all his transactions as treasurer and of the financial condition of the
corporation.

 

 

     Section 12.    If required by the board of directors, he shall give the corporation a bond in
such sum and with such surety or sureties as shall be satisfactory to the board of directors for
the faithful performance of the duties of his office and for the restoration to the corporation,
in case of his death, resignation, retirement or removal from office, of all books, papers,
vouchers, money and other property of whatever kind in his possession or under his control
belonging to the corporation.

ARTICLE VI

CERTIFICATES OF STOCK

     Section 1.    Every stockholder shall be entitled to have a certificate, signed by the president
or a vice president and the treasurer or an assistant treasurer, or the secretary or an assistant
secretary of the corporation, certifying the number of shares owned by him in the corporation. If
the corporation is authorized to issue shares of more than one class or more than one series of any
class, there shall be set forth upon the face or back of the certificate, or the certificate shall
have a statement that the corporation will furnish to any stockholders upon request and without
charge, a full or summary statement of the designations, preferences and relative, participating,
optional or other special rights of the various classes of stock or series thereof and the
qualifications, limitations or restrictions of such rights, and, if the corporation shall be
authorized to issue only special stock, such certificate shall set forth in full or summarize the
rights of the holders of such stock.

     Section 2.    Whenever any certificate is countersigned or otherwise authenticated by a transfer
agent or transfer clerk, and by a registrar, then a facsimile of the signatures of the officers or
agents, the transfer agent or transfer clerk or the registrar of the corporation may be printed or
lithographed upon such certificate in lieu of the actual signatures. If the corporation uses
facsimile signatures of the officers and agents on its stock certificates, it cannot act as
registrar of its own stock, but its transfer agent and registrar may be identical if the
institution acting in those dual capacities countersigns or otherwise authenticates any stock
certificates in both capacities. In case any officer or officers who shall have signed, or whose
facsimile signature or signatures shall have been used on, any such certificate or certificates
shall cease to be such officer or officers of the corporation, whether because of death,
resignation or otherwise, before such certificate or certificates shall have been delivered by the
corporation, such certificate or certificates may nevertheless be adopted by the corporation and
be issued and delivered as though the person or persons who signed such certificate or
certificates, or whose facsimile signature or signatures shall have been used thereon, had not
ceased to be an officer or officers of such corporation.

LOST CERTIFICATES

     Section 3.    The board of directors may direct a new certificate or certificates to be issued
in place of any certificate or certificates theretofore issued by the corporation alleged to have
been lost or destroyed, upon the making of an affidavit of that fact by the person claiming the
certificate of stock to be lost or destroyed. When authorizing such issue of a new certificate or
certificates, the board of directors may, in its discretion and as a condition precedent to the

 

 

issuance thereof, require the owner of such lost or destroyed certificate or certificates, or his
legal representative, to advertise the same in such manner as it shall require and/or give the
corporation a bond in such sum as it may direct as indemnity against any claim that may be made
against the corporation with respect to the certificate alleged to have been lost or destroyed.

TRANSFER OF STOCK

     Section 4.    Upon surrender to the corporation or the transfer agent of the corporation of a
certificate for shares duly endorsed or accompanied by proper evidence of succession, assignment or
authority to transfer, it shall be the duty of the corporation to issue a new certificate to the
person entitled thereto, cancel the old certificate and record the transaction upon its books.

CLOSING OF TRANSFER BOOKS

     Section 5.    The directors may prescribe a period not exceeding sixty days prior to any meeting
of the stockholders during which no transfer of stock on the books of the corporation may be made,
or may fix a day not more than sixty days or less than 10 days prior to the holding of any such
meeting as the day as of which stockholders entitled to notice of and to vote at such meeting shall
be determined; and only stockholders of record on such day shall be entitled to notice or to vote
at such meeting.

REGISTERED STOCKHOLDERS

     Section 6.    The corporation shall be entitled to recognize the exclusive right of a person
registered on its books as the owner of shares to receive dividends, and to vote as such owner, and
to hold liable for calls and assessments a person registered on its books as the owner of shares,
and shall not be bound to recognize any equitable or other claim to or interest in such share or
shares on the part of any other person, whether or not it shall have express or other notice
thereof, except as otherwise provided by the laws of Nevada.

ARTICLE VII

GENERAL PROVISIONS

DIVIDENDS

     Section 1.    Dividends upon the capital stock of the corporation, subject to the provisions of
the articles of incorporation, if any, may be declared by the board of directors at any regular or
special meeting pursuant to law. Dividends may be paid in cash, in property, or in shares of the
capital stock, subject to the provisions of the articles of incorporation.

     Section 2.    Before payment of any dividend, there may be set aside out of any funds of the
corporation available for dividends such sum or sums as the directors from time to time, in their
absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing
dividends, or for repairing or maintaining any property of the corporation, or for such other
purpose as the directors shall think conducive to the interest of the corporation, and the

 

 

directors may modify or abolish any such reserves in the manner in which it was created.

CHECKS

     Section 3.    All checks or demands for money and notes of the corporation shall be signed by
such officer or officers or such other person or persons as the board of directors may from time to
time designate.

FISCAL YEAR

     Section 4.    The fiscal year of the corporation shall be fixed by resolution of the board of
directors.

SEAL

     Section 5.    The Corporate seal shall have inscribed thereon the name of the Corporation, the
year of its incorporation and the words, “Corporate Seal, Nevada”.

INDEMNITY OF OFFICERS, DIRECTORS, ETC.

     Section 6.    The Corporation shall indemnify any person who was or is a party or its threatened
to be made a party to any threatened, pending or completed action, suit or proceeding, whether
civil, criminal, administrative or investigative, except in an action by or in the right of the
Corporation by reason of the fact that he is or was a Director, officer, employee or agent of the
Corporation, or is or was serving at the request of the Corporation as a Director, officer,
employee or agent of another corporation, partnership, joint venture, trust or other enterprise,
against expenses including attorneys’ fees, judgments, fines and amounts paid in settlement
actually and reasonably incurred in connection with such action, suit or proceedings if he acted in
good faith and in a manner such person reasonably believed to be in or not opposed to the best
interests of the Corporation and with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful. The termination of any action, suit or
proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its
equivalent, shall not, of itself, create a presumption that the person did not act in good faith
and in a manner which he reasonably believed to be in or not opposed to the best interests of the
Corporation and that, with respect to any criminal action or proceeding, he had reasonable cause to
believe that his conduct was unlawful.

     Section 7.    The Corporation shall indemnify any person who was or is a party or is threatened
to be made a party to any threatened, pending or completed action or suit by or in the right of the
Corporation to procure a judgment in its favor by reason of the fact that he is or was a Director,
officer, employee, or agent of the Corporation, or is or was serving at the request of the
Corporation as a Director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, against expenses actually and reasonably incurred by him in

 

 

connection with the defense or settlement of such action or suit if he acted in good faith and in a
manner which he reasonably believed to be in or not opposed to the best interests of the
Corporation; except no indemnification shall be made by the Corporation in respect of any claim,
issue or matter as to which such person has been adjudged to be liable for negligence or misconduct
in the performance of his duty to the Corporation unless and only to the extent that the court in
which such action or suit was brought determines upon application that, despite the adjudication of
liability but in view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnification for such expenses as the court deems proper.

     Any indemnification under Section 6 or 7 of this Article, unless ordered by a court, shall be
made by the Corporation only as authorized in the specific case upon a determination that
indemnification of the Director, officer, employee or agent is proper in the circumstances because
he has met the applicable standard of conduct set forth in Sections 6 and 7. Determination as to
such conduct shall be made:

     (1) By the stockholders; or

     (2) By the Board of Directors by majority vote of a quorum consisting of Directors who were
not parties to such act, suit or proceeding; or

     (3) If such a quorum of disinterested Directors so orders, by independent legal counsel in a
written opinion; or

     (4) If such a quorum of disinterested Directors cannot be obtained, by independent legal
counsel in a written opinion.

     A Director, officer, employee or agent of the Corporation who is seeking indemnification shall
make a written request for such indemnification to the Board. Upon receipt of such request the
Board shall act promptly and in compliance with the procedure set forth above.

     Expenses incurred in defending any proceeding shall be advanced by the Corporation prior to
the final disposition of such proceeding upon receipt of an undertaking by or on behalf of the
Director, officer, employee or agent to repay such amount unless it shall be determined ultimately
that the agent is entitled to be indemnified as authorized in this Section.

     Section 8.    The Corporation shall indemnify any Director, officer, employee or agent of the
Corporation who has been successful on the merits or otherwise in defense of any action, suit or
proceeding referred to in this Section, or in defense of any item, issue or matter therein, against
expenses, including attorneys’ fees, actually and reasonably incurred by him in connection with
such defense.

 

 

ARTICLE VIII

STATEMENT OF PURPOSE

     Section 1.    URS Corporation is a multi-disciplinary professional service firm committed to
providing high quality professional consulting services. The purposes of the organization are to
meet the needs of clients, to provide sufficient earnings and to maintain an environment in which
the professional and financial goals of the firm and its employees may be achieved.

     Section 2.    The Corporation desires to engage in the practice of the disciplines of Civil
Engineering, Chemical Engineering, and Land Surveying in the State of Alaska. To engage in the
lawful practice of these disciplines, the Corporation will continually maintain a duly registered
professional in responsible charge of each discipline in the State of Alaska.

     Section 3.    The Corporation desires to engage in the practice of architecture in the State of
Washington. To engage in the lawful practice of this discipline the Corporation shall designate an
architect in responsible charge, with authority to make all final decisions for architectural
activities in the State of Washington.

     Section 4.    All engineering decisions pertaining to any project or engineering activities in
the State of Washington shall be made by the designated engineer in responsible charge named in a
resolution of the Board of Directors.

     Section 5.    All engineering decisions pertaining to any project or engineering activities in
the State of South Carolina shall be made by the designated engineer in responsible charge named in
a resolution of the Board of Directors.

     Section 6.    The Corporation desires to engage in the practice of architecture in Florida. To
engage in the lawful practice of architecture, the Corporation will continually maintain a duly
registered architect in responsible charge for the Corporation’s practice of architecture in
Florida with authority to make all final decisions for the architectural activities in the State of
Florida. The architect in responsible charge shall be a Director and/or principal officer of the
Corporation.

ARTICLE IX

AMENDMENTS

     Section 1.    These by-laws may be altered or repealed at any regular meeting of the
stockholders or of the board of directors or at any special meeting of the stockholders or of the
board of directors if notice of such alteration or repeal be contained in the notice of such
special meeting.

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