Document:

sybx-ex43_732.htm

Exhibit 4.3

DESCRIPTION OF THE REGISTRANT’S SECURITIES

REGISTERED PURSUANT TO SECTION 12 OF

THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

 

Synlogic, Inc. (the “Company” or “we”) has one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended: our common stock, par value $0.001 per share.

DESCRIPTION OF COMMON STOCK

 

We are authorized to issue 250,000,000 shares of common stock, par value $0.001 per share, and 5,000,000 shares of preferred stock, par value $0.001 per share.

 

The following summary of certain provisions of our common stock does not purport to be complete. You should refer to our restated certificate of incorporation and our amended and restated bylaws, both of which are incorporated by reference as exhibits to the Company’s Annual Report on Form 10-K of which this Exhibit is a part. The summary below is also qualified by provisions of applicable law.

General

 

Holders of our common stock are entitled to one vote for each share held on all matters submitted to a vote of stockholders and do not have cumulative voting rights. An election of directors by our stockholders shall be determined by a plurality of the votes cast by the stockholders entitled to vote on the election. Holders of common stock are entitled to receive proportionately any dividends as may be declared by our board of directors, subject to any preferential dividend rights of any series of preferred stock that we may designate and issue in the future. All shares of common stock outstanding as of the date of the Company’s Annual  Report on Form 10-K are fully paid and nonassessable.

 

In the event of our liquidation or dissolution, the holders of common stock are entitled to receive proportionately our net assets available for distribution to stockholders after the payment of all debts and other liabilities and subject to the prior rights of any outstanding preferred stock. Holders of common stock have no preemptive, subscription, redemption or conversion rights. There are no redemption or sinking fund provisions applicable to the common stock. Our outstanding shares of common stock are validly issued, fully paid and nonassessable. The rights, preferences and privileges of holders of common stock are subject to and may be adversely affected by the rights of the holders of shares of any series of preferred stock that we may designate and issue in the future.

Transfer Agent and Registrar

The transfer agent and registrar for our common stock is American Stock Transfer & Trust Company, LLC, with offices at 6201 15th Avenue, Brooklyn, New York 11219.

Stock Exchange Listing

Our common stock is listed for quotation on The Nasdaq Capital Market under the symbol “SYBX.”

 

CERTAIN PROVISIONS OF DELAWARE LAW AND OF THE COMPANY’S

CERTIFICATE OF INCORPORATION AND BYLAWS

Anti-Takeover Provisions

We are subject to Section 203 of the Delaware General Corporation Law. Subject to certain exceptions, Section 203 prevents a publicly held Delaware corporation from engaging in a “business combination” with any “interested stockholder” for three years following the date that the person became an interested stockholder, unless the interested stockholder attained such status with the approval of our board of directors or unless the business 

combination is approved in a prescribed manner. A “business combination” includes, among other things, a merger or consolidation involving us and the “interested stockholder” and the sale of more than 10% of our assets. In general, an “interested stockholder” is any entity or person beneficially owning 15% or more of our outstanding voting stock and any entity or person affiliated with or controlling or controlled by such entity or person.

Charter Documents

Our restated certificate of incorporation and amended and restated bylaws divide our board of directors into three classes with staggered three year terms. The provision for a classified board could prevent a party who acquires control of a majority of Synlogic’s outstanding voting stock from obtaining control of the Synlogic Board of Directors until the second annual stockholders meeting following the date the acquirer obtains the controlling stock interest. Synlogic’s classified board provision could discourage a potential acquirer from making a tender offer or otherwise attempting to obtain control of Synlogic and could increase the likelihood that incumbent directors will retain their positions. Synlogic’s restated certificate of incorporation provides that, subject to the special rights of holders of one or more series of preferred stock, directors may be removed at any time, but only for cause by the affirmative vote of the holders of at least 66 and 2/3% of the voting power of all outstanding voting stock of Synlogic.

Synlogic’s restated certificate of incorporation provides that certain amendments of Synlogic’s certificate of incorporation and amendments by Synlogic stockholders of Synlogic’s amended and restated bylaws require the approval of at least 66 and 2/3% of the voting power of all outstanding stock. These provisions could discourage a potential acquirer from making a tender offer or otherwise attempting to obtain control of Synlogic and could delay changes in management.

Synlogic’s amended and restated bylaws establish an advance notice procedure for stockholder proposals to be brought before an annual meeting of Synlogic stockholders, including proposed nominations of persons for election to the Synlogic Board of Directors. At an annual meeting, stockholders may only consider proposals or nominations specified in the notice of meeting or brought before the meeting by or at the direction of the Synlogic Board of Directors. Stockholders may also consider a proposal or nomination by a person who was a stockholder at the time of giving notice and at the time of the meeting, who is entitled to vote at the meeting and who has complied with the notice requirements of Synlogic’s amended and restated bylaws in all respects provided that such proposal is properly made in accordance with Rule 14a-8 under the Exchange Act. The amended and restated bylaws do not give the Synlogic Board of Directors the power to approve or disapprove stockholder nominations of candidates or proposals regarding other business to be conducted at a special or annual meeting of the stockholders. However, Synlogic’s amended and restated bylaws may have the effect of precluding the conduct of business at a meeting if the proper procedures are not followed. These provisions may also discourage or deter a potential acquirer from conducting a solicitation of proxies to elect the potential acquirer’s own slate of directors or otherwise attempting to obtain control of Synlogic.

Synlogic’s amended and restated bylaws provide that a special meeting of Synlogic stockholders may be called at any time by the Synlogic Board of Directors. Because Synlogic stockholders do not have the right to call a special meeting, a Synlogic stockholder cannot force stockholder consideration of a proposal over the opposition of the Synlogic Board of Directors by calling a special meeting of stockholders prior to such time as a majority of the Synlogic Board of Directors believed the matter should be considered and such Synlogic stockholder would only be able to force consideration of such proposal at the next annual meeting, provided that the requestor met the notice requirements. The restriction on the ability of Synlogic stockholders to call a special meeting means that a proposal to replace one or more directors on the Synlogic Board of Directors also could be delayed until the next annual meeting.

97295438v.1

 
Synlogic’s amended and restated bylaws do not allow stockholders to act by written consent without a meeting. Without the availability of stockholder action by written consent, a holder controlling a majority of Synlogic’s capital stock would not be able to amend Synlogic’s amended and restated bylaws or remove directors without holding a stockholders’ meeting.Exhibit 10.1

 

EXECUTION VERSION

 

SB ONE BANCORP VOTING AGREEMENT

 

This
Voting Agreement (this “Agreement”), dated as of March , 2020, is entered into by and between Provident
Financial Services, Inc., a Delaware corporation (“PFS”), and the undersigned (the “Shareholder”),
a shareholder of SB One Bancorp, a New Jersey corporation (“SBBX”).

 

WHEREAS, subject
to the terms and conditions of the Agreement and Plan of Merger (as the same may be amended, supplemented or modified, the “Merger
Agreement”), dated as of the date hereof, by and between PFS and SBBX, SBBX will be merged with and into PFS, with PFS
as the surviving corporation (the “Merger”);

 

WHEREAS,
as of the date of this Agreement, the Shareholder owns beneficially or of record, and has the power to vote or direct the voting
of, certain shares of common stock, no par value per share, of SBBX (“Common Stock”) (all such shares,
the “Existing Shares”); and

 

WHEREAS, as
a condition and inducement for PFS to enter into the Merger Agreement, PFS has required that the Shareholder, in his or her capacity
as a shareholder of SBBX, enter into this Agreement, and the Shareholder has agreed to enter into this Agreement.

 

NOW THEREFORE,
in consideration of the foregoing, the mutual covenants and agreements set forth herein, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

		1.	Definitions. Capitalized terms not defined in this Agreement have the meaning assigned
to those terms in the Merger Agreement. The following definition also applies to this Agreement:

 

		a.	Beneficial Ownership. For purposes of this Agreement, the terms “beneficial owner”
and “beneficially own” shall have the meaning set forth in Rule 13d-3 promulgated by the Securities and Exchange
Commission under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

 

		2.	Effectiveness; Termination. This Agreement shall be effective upon signing. If the
Merger Agreement is terminated for any reason in accordance with its terms, this Agreement shall automatically terminate and be
null and void and of no effect as of the date of the termination of the Merger Agreement; provided that (i) this Section
2 and Sections 8 through 13 hereof shall survive any such termination and (ii) such termination shall not relieve
any party of any liability or damages resulting from any willful or material breach of any of his or her representations, warranties,
covenants or other agreements set forth herein.

 

     

     

    

 

		3.	Voting Agreement. From the date hereof until the earlier of (a) the final adjournment
of the SBBX Shareholder Meeting or (b) the termination of this Agreement in accordance with its terms (the “Support Period”),
the Shareholder irrevocably and unconditionally hereby agrees, that at any meeting (whether annual or special and each adjourned
or postponed meeting) of SBBX’s shareholders, however called, or in connection with any written consent of SBBX’s shareholders,
the Shareholder shall (i) appear at such meeting or otherwise cause all of his or her Existing Shares and all other shares of Common
Stock or voting securities of SBBX over which such Shareholder has acquired beneficial or record ownership after the date hereof
and has the power to vote or direct the voting of (including any shares of Common Stock acquired by means of purchase, dividend
or distribution, or issued upon the exercise of any stock options to acquire Common Stock or the conversion of any convertible
securities, or pursuant to any other equity awards or derivative securities (including any SBBX Stock Options) or otherwise) (together
with the Existing Shares, the “Shares”), which such Shareholder owns or controls as of the applicable record
date, to be counted as present thereat for purposes of calculating a quorum, and (ii) vote or cause to be voted (including
by proxy or written consent, if applicable) all such Shares (A) in favor of the approval of the Merger Agreement and the approval
of the transactions contemplated thereby, including the Merger, (B) in favor of any proposal to adjourn or postpone such meeting
of SBBX’s shareholders to a later date if there are not sufficient votes to approve the Merger Agreement, (C) against any
action or proposal in favor of an Acquisition Proposal, without regard to the terms of such Acquisition Proposal, and (D) against
any action, proposal, transaction or agreement that would reasonably be likely to (1) result in a breach of any covenant, representation
or warranty or any other obligation or agreement of SBBX contained in the Merger Agreement, or of the Shareholder contained in
this Agreement, or (2) prevent, impede, interfere with, delay, postpone, discourage or frustrate the purposes of or adversely affect
the consummation of the transactions contemplated by the Merger Agreement, including the Merger; provided, that the foregoing
applies solely to the Shareholder in his or her capacity as a shareholder and Shareholder makes no agreement or understanding in
this Agreement in Shareholder’s capacity as a director or officer of SBBX or any of its subsidiaries (if Shareholder holds
such office), and nothing in this Agreement: (a) will limit or affect any actions or omissions taken by Shareholder in Shareholder’s
capacity as such a director or officer, including in exercising rights under the Merger Agreement, and no such actions or omissions
shall be deemed a breach of this Agreement; or (b) will be construed to prohibit, limit or restrict Shareholder from exercising
Shareholder’s fiduciary duties as an officer or director to SBBX or its shareholders. For the avoidance of doubt, the foregoing
commitments apply to any Shares held by any trust, limited partnership or other entity holding Shares for which the Shareholder
serves in any partner, shareholder or trustee capacity. To the extent the Shareholder does not control, by himself or herself,
the determinations of such shareholder entity, the Shareholder agrees to exercise all voting or other determination rights such
Shareholder has in such shareholder entity to carry out the intent and purposes of his, her or its support and voting obligations
in this paragraph and otherwise set forth in this Agreement. The Shareholder covenants and agrees that, except for this Agreement,
such Shareholder (x) has not entered into, and shall not enter into during the Support Period, any voting agreement or voting trust
with respect to the Shares and (y) has not granted, and shall not grant during the Support Period, a proxy, consent or power of
attorney with respect to the Shares except any proxy to carry out the intent of this Agreement and any proxy granted for ordinary
course proposals at an annual meeting. The Shareholder agrees not to enter into any agreement or commitment with any person the
effect of which would be inconsistent with or otherwise violate the provisions and agreements set forth herein.

 

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		4.	Transfer Restrictions. The Shareholder hereby agrees that such Shareholder will not,
during the Support Period, without the prior written consent of PFS, directly or indirectly, offer for sale, sell, transfer, assign,
give, tender in any tender or exchange offer, pledge, encumber, hypothecate or similarly dispose of (by merger, by testamentary
disposition, by operation of law or otherwise), either voluntarily or involuntarily, enter into any swap or other arrangements
that transfers to another, in whole or in part, any of the economic consequences of ownership of, enter into any contract, option
or other arrangement or understanding with respect to the sale, transfer, assignment, pledge, encumbrance, hypothecation or other
disposition of (by merger, by testamentary disposition, by operation of law or otherwise) or otherwise convey or dispose of, any
of the Shares, or any interest therein, including the right to vote any Shares, as applicable (a “Transfer”);
provided, that the Shareholder may (i) Transfer Shares pursuant to any currently existing pledge agreement or for estate
planning or philanthropic purposes so long as the transferee, prior to the date of Transfer, agrees in a signed writing to be bound
by and comply with the provisions of this Agreement and the Shareholder provides at least two (2) days’ prior written notice
(which shall include the written consent of the transferee agreeing to be bound by and comply with the provisions of this Agreement),
in which case the Shareholder shall remain jointly and severally liable for any breach of this Agreement by such transferee, (ii)
bequeath Shares by will or operation of law, in which case this Agreement shall bind the transferee, (iii) surrender Shares to
SBBX in connection with the vesting, settlement or exercise of SBBX equity awards to satisfy any withholding for the payment of
taxes incurred in connection with such vesting, settlement or exercise, or, in respect of SBBX equity awards, the exercise price
thereon, or (iv) Transfer Shares as is otherwise permitted by PFS in its sole discretion.

 

		5.	Representations of the Shareholder. The Shareholder represents and warrants to PFS
as follows: (a) the Shareholder has full legal right, capacity and authority to execute and deliver this Agreement, to perform
the Shareholder’s obligations hereunder and to consummate the transactions contemplated hereby; (b) this Agreement has been
duly and validly executed and delivered by the Shareholder and, assuming the due authorization, execution and delivery of this
Agreement by PFS, constitutes a valid and legally binding agreement of the Shareholder, enforceable against the Shareholder in
accordance with its terms, and no other action is necessary to authorize the execution and delivery of this Agreement by the Shareholder
or the performance of his or her obligations hereunder; (c) the execution and delivery of this Agreement by the Shareholder does
not, and the consummation of the transactions contemplated hereby and the compliance with the provisions hereof will not, conflict
with or violate any law or result in any breach of or violation of, or constitute a default (or an event that with notice or lapse
of time or both would become a default) under, or give to others any rights of termination, amendment, acceleration or cancellation
of, or result in the creation of a lien on any of the Shares pursuant to, any agreement or other instrument or obligation binding
upon the Shareholder or the Shares (including under the certificate of incorporation and bylaws of SBBX), nor require any authorization,
consent or approval of, or filing with, any Governmental Entity; (d) the Shareholder beneficially owns (as such term is used in
Rule 13d-3 of the Exchange Act) and has the power to vote or direct the voting of the Shares, and the number of such Shares as
of the date of this Agreement is identified on the signature page hereto; (e) the Shareholder beneficially owns the Shares free
and clear of any proxy, voting restriction, adverse claim or other lien (other than any restrictions created by this Agreement
or under applicable federal or state securities laws); and (f) the Shareholder has read and is familiar with the terms of the Merger
Agreement. The Shareholder agrees that the Shareholder shall not take any action that would make any representation or warranty
of the Shareholder contained herein untrue or incorrect or have the effect of preventing, impairing, delaying or adversely affecting
the performance by the Shareholder of his or her obligations under this Agreement. The Shareholder agrees, without further consideration,
to execute and deliver such additional documents and to take such further actions as are necessary or reasonably requested by PFS
to confirm and assure the rights and obligations set forth in this Agreement.

 

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		6.	Publicity. The Shareholder hereby authorizes PFS and SBBX to publish and disclose
in any announcement or disclosure in connection with the Merger, including in the Merger Registration Statement, the Proxy Statement-Prospectus
or any other filing with any Governmental Entity made in connection with the Merger, the Shareholder’s identity and ownership
of the Shares and the nature of the Shareholder’s obligations under this Agreement. The Shareholder agrees to notify PFS
as promptly as practicable of any inaccuracies or omissions in any information relating to the Shareholder that is so published
or disclosed.

 

		7.	Entire Agreement; Assignment. The recitals are incorporated as a part of this Agreement.
This Agreement and the Merger Agreement constitute the entire agreement among the parties with respect to the subject matter hereof
and supersedes all other prior agreements and understandings, both written and oral, among the parties with respect to the subject
matter hereof, other than, if the Shareholder is a director or officer of SBBX, with respect to any employment, non-competition,
non-solicit or consulting agreement between the Shareholder and either PFS or SBBX, or its affiliates. Nothing in this Agreement,
express or implied, is intended to or shall confer upon any person not a party to this Agreement any right, benefit or remedy of
any nature whatsoever under or by reason of this Agreement. This Agreement shall not be assigned by operation of law or otherwise
and shall be binding upon and inure solely to the benefit of each party hereto; provided, however, that the rights
under this Agreement are assignable by PFS to a majority-owned affiliate or any successor-in-interest of PFS, but no such assignment
shall relieve PFS of its obligations hereunder.

 

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		8.	Remedies/Specific Enforcement. Each of the parties hereto agrees that this Agreement
is intended to be legally binding and specifically enforceable pursuant to its terms and that PFS would be irreparably harmed if
any of the provisions of this Agreement are not performed in accordance with its specific terms and that monetary damages would
not provide adequate remedy in such event. Accordingly, in the event of any breach or threatened breach by the Shareholder of any
covenant or obligation contained in this Agreement, in addition to any other remedy to which PFS may be entitled (including monetary
damages), PFS shall be entitled to seek injunctive relief to prevent breaches or threatened breaches of this Agreement and to specifically
enforce the terms and provisions hereof, and the Shareholder hereby waives any defense in any action for specific performance or
an injunction or other equitable relief that a remedy at law would be adequate. The Shareholder further agrees that neither PFS
nor any other person or entity shall be required to obtain, furnish or post any bond or similar instrument in connection with or
as a condition to obtaining any remedy referred to in this paragraph, and the Shareholder irrevocably waives any right he or she
may have to require the obtaining, furnishing or posting of any such bond or similar instrument.

 

		9.	Governing Law. This Agreement is governed by, and shall be interpreted in accordance
with, the laws of the State of Delaware, without regard to any applicable conflict of law principles.

 

		10.	Notice. All notices and other communications hereunder shall be in writing and shall
be deemed given if delivered personally, telecopied (with confirmation), mailed by registered or certified mail (return receipt
requested) or delivered by an express courier (with confirmation) if to the Shareholder, to the address or e-mail address, as applicable,
set forth in Schedule A hereto, and if to PFS, in accordance with Section 12.4 of the Merger Agreement.

 

		11.	Severability. Whenever possible, each provision or portion of any provision of this
Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision or portion
of any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule
in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or portion of any provision
in such jurisdiction, and this Agreement shall be reformed, construed and enforced in such jurisdiction such that the invalid,
illegal or unenforceable provision or portion thereof shall be interpreted to be only so broad as is enforceable.

 

		12.	Amendments; Waivers. Any provision of this Agreement may be amended or waived if,
and only if, such amendment or waiver is in writing and signed (a) in the case of an amendment, by PFS and the Shareholder,
and (b) in the case of a waiver, by the party against whom the waiver is to be effective. No failure or delay by any party
in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

 

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		13.	Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY THAT
MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY
AND UNCONDITIONALLY WAIVES, TO THE EXTENT PERMITTED BY LAW AT THE TIME OF INSTITUTION OF THE APPLICABLE LITIGATION, ANY RIGHT SUCH
PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT.
EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT: (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY
OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER; (II) THE PARTY
UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER; (III) THE PARTY MAKES THIS WAIVER VOLUNTARILY; AND (IV) THE PARTY
HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION
13.

 

		14.	Counterparts. The parties may execute this Agreement in one or more counterparts,
including by facsimile or other electronic signature. All the counterparts will be construed together and will constitute one Agreement.

 

[Signature pages follow]

 

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IN WITNESS WHEREOF, the parties hereto
have duly executed and delivered this Agreement as of the date first written above.

 

	PROVIDENT FINANCIAL SERVICES, INC.
	 
	 
	By:	 	 
	 	Christopher Martin	 
	 	Title: Chairman, President and Chief	 
	 	          Executive Officer	 
	

 

[Additional Signatures on Next Page]

 

    

     

    

 

	SHAREHOLDER:  
	 
	 	 	 
	George Lista	 
	Senior Executive Vice President & Chief Operating Officer	 
	 
	 
	Number of Shares:	 	 	 
	 

 

    

     

    

 

Schedule A

 

Shareholder Information

 

	Name, Address and E-Mail Address for Notices

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