Document:

EX-4.4

 Exhibit 4.4 

DESCRIPTION OF THE REGISTRANT’S SECURITIES REGISTERED PURSUANT TO SECTION 12 OF THE SECURITIES EXCHANGE ACT OF 1934 

Unless the context otherwise requires, references in this Exhibit to the Annual Report on Form 10-K to the terms
“registrant” or “the Company” refer to Century Bancorp, Inc. and all of its consolidated subsidiaries. 
 The following description sets
forth certain material terms and provisions of the Company’s Class A Common Stock, the sole class of the Company’s securities that are registered under Section 12 of the Securities Exchange Act of 1934, as amended. This
description also contains summaries of the Massachusetts Business Corporation Act (“MBCA”), the Company’s Articles of Incorporation, as amended, restated and supplemented (“Articles of Incorporation”), and the Company’s
Bylaws, as amended and restated (“Bylaws”). Although the Company’s Class B Common Stock is not registered under Section 12 of the 1934 Act, we have included a discussion of certain rights of the holders of the Class B
Common Stock for context. The following summary of the material terms, rights and preferences of the securities is not complete and is subject to and qualified in its entirety by reference to the MBCA, the Articles of Incorporation and the Bylaws
each of which is incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this exhibit is a part. The Company encourages you to read the MBCA, the Articles of Incorporation and the
Bylaws. 
 GENERAL 
 Century Bancorp, Inc. is a Massachusetts
state-chartered bank holding company headquartered in Medford, Massachusetts. The Company is a Massachusetts corporation formed in 1972. 
 Under the
Company’s Articles of Incorporation, the Company is authorized to issue up to: 
 10,000,000 shares of Class A Common Stock, par value $1.00 per
share, 
 5,000,000 shares of Class B Common Stock, par value $1.00 per share and 

100,000 shares of preferred stock, par value $1.00 per share. 

As of February 28, 2020, the Company had 3,652,349 shares of Class A Common Stock outstanding, 1,915,560 shares of Class B Common Stock
outstanding, and no shares of preferred stock outstanding. All issued and outstanding shares of common stock are duly authorized, validly issued, fully paid and nonassessable. 

DESCRIPTION OF COMMON STOCK 
 The statements below describing the
common stock are in all respects subject to and qualified in their entirety by reference to the applicable provisions of the Company’s Articles of Incorporation and Bylaws (collectively, the “Charter Documents”). Although the
Company’s Class B Common Stock is not registered, we have included a discussion of certain rights of the holders of the Class B Common Stock for context. The Company’s Class A Common Stock and Class B Common Stock shall
be referred to herein collectively as the “Common Stock.” 
 Dividends: Subject to the preferential rights of any other class or series of stock,
holders of shares of the Company’s Class A Common Stock will be entitled to receive dividends, if and when they are authorized and declared by the Company’s Board of Directors, out of assets that the Company may legally use to pay
dividends, provided that no dividend shall be declared or paid upon the Class B Common Stock unless a dividend equal to 200% or more of such dividend per share is paid per share upon the Class A Common Stock or declared and a sum set aside
for payment thereof. 
 Voting Rights: Except as otherwise required by law and except as provided by the terms of any other class or series of stock,
holders of Class B Common Stock have the exclusive power to vote on all matters presented to the Company’s shareholders, including the election of Directors. Holders of the shares of Class A Common Stock are generally not entitled to
vote on any matter, including in the election of Directors, but, in limited circumstances, may be entitled to vote as a class on certain extraordinary transactions, including any merger or consolidation (other than one in which the Company is the
surviving corporation or one which by law may be approved by the directors 

 
without any stockholder vote) or the sale, lease, or exchange of all or substantially all of the property and assets of the Company. Since the vote of a majority of the shares of the
Company’s Class B Common Stock, voting as a separate class, is required to approve certain extraordinary corporate transactions, the holders of Class B Common Stock have the power to prevent any takeover of the Company not approved by
them. 
 Conversion Rights: At any time when (i) the number of the then outstanding shares of Class B Common Stock falls below 15% of the
aggregate number of the shares of Class B Common Stock outstanding at the date of the first issuance by the corporation of shares of the Class A Common Stock (as said numbers shall be appropriately adjusted to reflect stock splits, stock
dividends or the like) or (ii) the Board of Directors and the holders of a majority of the then outstanding shares of Class B Common Stock approve the conversion of all of the Class B Common Stock into Common Stock, then the
outstanding shares of Class B Common Stock and the then outstanding shares of Class A Common Stock shall both automatically be converted into a single class of voting Common Stock. 

Preemptive Rights and Right of First Refusal: Holders of the Company’s Common Stock do not have preemptive rights under the MBCA or the Company’s
Articles of Organization or by-laws. The Company does not have a right of first refusal on transfers of shares of Common Stock under the MBCA or the Company’s Articles of Organization or bylaws. 

Liquidation and Dissolution Rights: In the event the Company is liquidated, dissolved or the Company’s affairs are wound up, and subject to the
preferential rights of any other class or series of stock, holders of shares of the Company’s Common Stock are entitled to receive, in cash or in kind, in proportion to their holdings, the assets that the Company may legally use to pay
distributions after the Company pays or makes adequate provision for all of the Company’s debts and liabilities. 
 PREFERRED STOCK 

Pursuant to the Company’s Articles of Organization, the Company’s Directors have the authority, without further action by the stockholders, to issue
from time to time up to 100,000 shares of Preferred Stock in one or more series. No shares of Preferred Stock are outstanding as of the date of the Company’s Annual Report on Form 10-K with which this
Exhibit 4.4. is filed as an exhibit. 
 The Company’s Directors may designate the rights, preferences, privileges and restrictions of the Preferred
Stock, including the title of the series, the number of shares to contribute to such series, dividend rights, redemption rights, liquidation preference, sinking fund terms, conversion rights, voting rights and any other material term of the series.
The issuance of Preferred Stock could have the effect of restricting dividends on the Common Stock, diluting the voting power of the Common Stock, impairing the liquidation rights of the Common Stock or delaying, deterring or preventing a change in
control. 
 STOCK EXCHANGE LISTING. 
 The Class A Common
Stock of the Company is traded on the NASDAQ National Global Market under the symbol “CNBKA.” The Company’s Class B Common Stock is not traded on any national securities exchange or other public trading market. 

TRANSFER AGENT AND REGISTRAR 
 Computershare is the transfer
agent of the common stock. 
 ANTI-TAKEOVER EFFECTS OF MASSACHUSETTS LAW AND PROVISIONS OF THE COMPANY’S CHARTER DOCUMENTS 

Certain provisions of the MBCA and of the Company’s Charter Documents could have the effect of delaying, deferring or discouraging a future takeover or
change in control of the Company unless such takeover or change in control is approved by the Company’s Directors. 

  
 2 

 Voting control of the Company’s principal stockholders. As described above, per the Company’s
Articles of Organization, the vote of a majority of the shares of the Company’s Class B Common Stock, voting as a separate class, is required to approve certain extraordinary corporate transactions. As of December 31, 2019, to the
Company’s knowledge, the Sloane Family Enterprises, Limited Partnership owned, directly or indirectly, almost 90% of the voting power of the outstanding shares of the Company’s Class B Common Stock. As a result, the Sloane Family
Enterprises, Limited Partnership could effectively control most matters requiring approval by our stockholders, including the election of a majority of the directors, and could block certain extraordinary transactions such as mergers or
acquisitions. This voting control by the Sloane Family Enterprises, Limited Partnership may have the effect of delaying, deferring or preventing a change in control of the Company. 

Action by written consent; special meeting of stockholders. The Company’s bylaws provide that stockholder action can be taken only at an annual or
special meeting of stockholders or by the unanimous written consent of all stockholders entitled to vote in lieu of such a meeting. The bylaws also provide that, except as otherwise required by law, special meetings of the stockholders can only be
called by the President, Clerk, the Directors or holders of at least one-tenth in interest of our then outstanding capital stock entitled to vote at the meeting. Given the concentration in ownership of
Class B Common Stock, these restrictions may limit the ability of our stockholders to force consideration of a proposal. 
 Board composition and
filling vacancies. The Company’s bylaws provide that, subject to the rights of the holders of a majority of the outstanding Class B Common Stock voting as a single class to remove Directors with or without cause, Directors may be removed
only for cause by the vote of a majority of the entire number of Directors then in office. Furthermore, any vacancy on the Company’s Board of Directors, however occurring, including a vacancy resulting from an increase in the size of the Board,
may only be filled by the affirmative vote of a majority of our directors then in office, even if less than a quorum or of the holders of a majority of the outstanding Class B Common Stock. The limitations on removal of directors and treatment
of vacancies has the effect of making it more difficult for stockholders to change the composition of the Company’s Board of Directors. 
 Authorized
but unissued shares. The Company’s authorized but unissued shares of Class A Common Stock, Class B Common Stock and Preferred Stock are available for future issuance without stockholder approval. These additional shares may be
utilized for a variety of corporate purposes, including future public offerings to raise additional capital, corporate acquisitions and employee benefit plans. The existence of authorized but unissued shares of Class A Common Stock,
Class B Common Stock and Preferred Stock could render more difficult or discourage an attempt to obtain control of a majority of the Company’s Common Stock by means of a proxy contest, tender offer, merger or otherwise. 

Business combinations. Business combinations are governed by Chapter 110F of the MBCA, which generally prohibits a Massachusetts corporation from engaging in
a “business combination” with an “interested stockholder” for a three-year period following the time that this stockholder becomes an interested stockholder, unless the business combination is approved in a prescribed manner. A
Massachusetts corporation may “opt out” of these provisions with an express provision in its original articles of organization or an express provision in its articles of organization or bylaws resulting from a stockholders’ amendment
approved by at least a majority of the outstanding voting shares. The Company has not opted out of these provisions. The provisions of the MBCA and of the Company’s Articles of Organization could have the effect of discouraging others from
attempting takeovers and could make it more difficult to accomplish transactions that stockholders might otherwise deem to be in their best interest. 

Control Share Acquisitions. The Company is also subject to the provisions of Chapter 110D of the MBCA, which provides that any person, including his, her or
its affiliates, who acquires shares of a corporation that are subject to the control share acquisitions statute and whose shares represent one-fifth or more, one-third
or more, or a majority or more of the voting power of the corporation in the election of directors cannot exercise any voting power with respect to those shares, or any shares acquired by the person within 90 days before or after an acquisition of
this nature, unless these voting rights are authorized by the stockholders of the corporation. 

  
 3 

 The authorization of such voting rights requires the affirmative vote of the holders of a majority of the
outstanding voting shares of a corporation, excluding shares owned by: (i) the person making an acquisition of this nature; (ii) any officer of the corporation; and (iii) any employee who is also a director of the corporation. 

The MBCA permits a corporation, to the extent authorized by its articles of organization or bylaws, to redeem all shares acquired by an acquiring person in a
control share acquisition for fair value if (i) no control share acquisition statement is delivered by the acquiring person or (ii) a control share acquisition statement has been delivered and voting rights were not authorized for such
shares by the corporation’s stockholders in accordance with the applicable provision of Chapter 110D. The Company’s Charter Documents do not authorize such a redemption. 

There are several other types of share acquisitions that are not subject to these provisions of the MBCA, including acquisitions of shares under a tender
offer, merger or consolidation which is made in connection with an agreement to which the corporation is a party or to acquisitions of shares directly from the corporation or a wholly owned subsidiary thereof. 

The Company may amend its Articles of Organization or bylaws at any time to elect not to be governed by Chapter 110D of the MBCA, but such amendment would not
apply to an acquisition that occurred prior to the effective date of such amendment. 

  
 4Exhibit

Exhibit 4.3

DESCRIPTION OF REGISTRANT’S SECURITIES
REGISTERED UNDER SECTION 12 OF THE
SECURITIES EXCHANGE ACT OF 1934

The following is a summary of certain information concerning Twin River Worldwide Holding, Inc.’s (the “Company,” “Twin River,” “we,” “us,” or “our”) securities registered pursuant to Section 12 of the Securities and Exchange Act of 1934, as amended (the “Exchange Act”). The summaries and descriptions below do not purport to be complete statements of the relevant provisions the Company’s amended and restated certificate of incorporation (the “Certificate of Incorporation”) and amended and restated bylaws (the “Bylaws”). The summaries are qualified in their entirety by reference to the complete text of Twin River’s Certificate of Incorporation and Bylaws, which are included as exhibits to the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, of which this exhibit is a part, and by provisions of applicable law.

DESCRIPTION OF CAPITAL STOCK

General

Our authorized capital stock consists of 100,000,000 shares of common stock, par value $0.01 per share. The outstanding shares of our common stock are duly authorized, validly issued, fully paid and non-assessable.

Common Stock

Dividend Rights.   Dividends may be declared by our board of directors from time to time.

Voting Rights.   Each share of common stock is entitled to one vote. At each shareholders meeting, all matters will be decided by a majority of the votes (except with respect to the election of directors, who are elected by a plurality of the votes) cast at such meeting by the holders of shares of capital stock present or represented by proxy and entitled to vote thereon with a quorum being present (except in cases where a greater number of votes is required by law, our Certificate of Incorporation or our Bylaws).

Other Rights.   Our common stock has no preemptive rights or no cumulative voting rights and there are no redemption, sinking fund or conversion provisions in our Certificate of Incorporation or our Bylaws.

Anti-takeover Effects of Certain Provisions of our Certificate of Incorporation and our Bylaws

In addition to regulatory requirements applicable to us and the ownership of our shares, some provisions of the General Corporation Law of the State of Delaware (the “DGCL”) and our Certificate of Incorporation and our Bylaws could have the effect of delaying, deferring or discouraging another party from acquiring control of Twin River. These provisions, which are summarized below, are intended to discourage coercive takeover practices and inadequate takeover bids. These provisions are also designed to encourage persons seeking to acquire control of Twin River to first negotiate with our board of directors.

Requirements for Advance Notification of Shareholder Nominations and Proposals and Director Qualification Requirements.   Our Bylaws establish advance notice procedures with respect to shareholder proposals, other than proposals made by or at the direction of our board of directors. Proper notice must be timely, in proper written form, and must set forth certain details of the nomination or proposal. The Chairman of the meeting may determine that a nomination or proposal was defective and should be disregarded. In addition, our Bylaws provide that no person may serve as a member of our board of directors, or be elected or nominated for such a position, unless, at the time of such service, election or nomination, such person has been licensed by applicable regulatory authorities. Together, these provisions may have the effect of precluding the conduct of certain business at a meeting if the proper procedures are not followed, and may also discourage or deter a potential acquirer from conducting a solicitation of proxies to elect the acquirer’s own slate of directors or otherwise attempting to obtain control of us.

Classified Board of Directors.   Our Certificate of Incorporation provides that our board of directors is divided into three classes, each of which will hold office for a three-year term.

Calling Special Shareholder Meetings.   Our Bylaws provide that special meetings of our shareholders may be called only by the Chairman of our board of directors, by a majority of the whole board or by holders of our common stock who hold at least 20% of the outstanding common stock entitled to vote generally in the election of directors.

Removal of Directors.   Our Bylaws state that any director or the entire board of directors may be removed only for cause by the holders of a majority of the shares then entitled to vote at an election of directors.

Limitation on Financial Interest.   Our Certificate of Incorporation provides that we may not permit any person or entities to acquire a direct or indirect entity or economic interest in us equal to or greater than 5% of any class of equity or economic interests without the approval of the relevant gaming authorities (subject to certain specified exceptions). Any transfer of shares of our common stock that results in a person acquiring more than such 5% threshold shall not be recognized until the relevant gaming authorities have consented to such transfer. Our Certificate of Incorporation also provides that an additional license or consent from the gaming authorities is required for ownership equal to or greater than 20% of any class of equity interests of Twin River. In addition, our Bylaws also include limitations and restrictions on ownership of common stock relating to regulatory requirements and licenses, including restrictions on transfers that would violate applicable gaming laws and repurchase rights in the event that shareholders are determined to be unsuitable to hold our common shares.

Transfer Agent and Registrar

The transfer agent and registrar for our common stock is American Stock Transfer & Trust Company, LLC.

Listing

Our common stock is listed on the NYSE under the symbol “TRWH.”

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