Document:

Exhibit 4.4 

 

Form of Subordinated Note

 

(FACE OF SECURITY)

 

[Each Global Security shall bear substantially
the following legend:

 

UNLESS AND UNTIL IT IS EXCHANGED IN WHOLE OR
IN PART FOR SECURITIES IN DEFINITIVE REGISTERED FORM, THIS SECURITY MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY
TO A NOMINEE OF THE DEPOSITARY OR BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE
DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY. UNLESS THIS SECURITY IS PRESENTED
BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE ISSUER OR ITS
AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR
IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH
OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE
BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]

 

[If the Security has original issue discount
for U.S. federal income tax purposes, insert tax legend: 

 

[FOR PURPOSES OF SECTIONS 1272 , 1273, and
1275 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (“THE CODE”), THIS SECURITY IS BEING ISSUED WITH ORIGINAL ISSUE
DISCOUNT. THE AMOUNT OF ORIGINAL ISSUE DISCOUNT (AS DEFINED IN SECTION 1273(a)(1) OF THE CODE AND TREASURY REGULATION SECTION 1.1273-1(a))
WITH RESPECT TO THIS SECURITY IS                    , THE ISSUE DATE (AS DEFINED IN SECTION 1275(a)(2) OF THE CODE AND TREASURY REGULATION SECTION
1.1273-2(a)(2)) OF THIS SECURITY IS                   , THE ISSUE PRICE (AS DEFINED IN SECTION 1273(b) OF THE CODE AND TREASURY REGULATION SECTION
1.1273-2(a)) OF THIS SECURITY IS                   , AND THE YIELD TO MATURITY (AS DEFINED IN TREASURY REGULATION SECTION 1.1272-1(b)) OF THIS SECURITY
IS                   .] ] 

 

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BANKWELL FINANCIAL GROUP, INC.

 

[ Title of Security ]

 

	 	 
	No. [    ]	 CUSIP No.: [     ] 
	 	[Common Code][ISIN]: [     ] 
	 	[$       ] 
	 	 

 

BANKWELL FINANCIAL GROUP,
INC., a Connecticut corporation (“Issuer”, which term includes any successor corporation), for value received promises
to pay to [If the Security is a Global Security—CEDE & CO.][If the Security is not a Global Security—               
] or registered assigns, the principal sum of                   on               ,                (the “Maturity Date”) [If the Security is to bear interest prior
to maturity, insert—, and to pay interest thereon from                or from the most recent interest payment date to which interest has
been paid or duly provided for, [semiannually in arrears on                and in each year], commencing                ,                (each, an “Interest Payment
Date”) at the rate of [    % per annum], until the principal hereof is paid or made available for payment [If applicable
insert—, and (to the extent that the payment of such interest shall be legally enforceable) at the rate of     % per annum
on any overdue principal and on any overdue installment of interest]. The interest so payable, and punctually paid or duly provided
for, on any Interest Payment Date will, as provided in the Indenture (as defined below), be paid to the Holder in whose name this
Security (or one or more predecessor Securities) is registered at the close of business on the record date for such interest, which
shall be the                or (whether or not a Business Day), as the case may be, next preceding such Interest Payment Date (each, an “Interest
Record Date”). Interest will be computed on the basis of [a 360-day year of twelve 30-day months].]

 

[If the Security is not to bear interest
prior to maturity, insert—The principal of this Security shall not bear interest except in the case of a default in payment
of principal upon acceleration, upon redemption or at maturity and, in each such case, the overdue principal of this Security shall
bear interest at the rate of % per annum (to the extent that the payment of such interest shall be legally enforceable), which
shall accrue from the date of such default in payment to the date payment of such principal has been made or duly provided for.
Interest on any overdue principal shall be payable on demand.] 

 

Reference is made to the further provisions
set forth on the reverse of this Security contained herein, which will for all purposes have the same effect as if set forth at
this place.

 

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IN WITNESS WHEREOF, the
Issuer has caused this Security to be signed manually or by facsimile by its duly authorized officer under its corporate seal.

 

	 	BANKWELL FINANCIAL GROUP, INC.
	 	 
	 	By:	 
	 	 	Name:  	 
	 	 	Title:  	 

 

	Attest: 	 
	 	 
	By:	 	 
	 	Name:	 	 
	 	Title:	 	 

 

This is one of the Securities of the series
designated herein and referred to in the within-mentioned Indenture.

 

Dated: [    ]

 

	 	 	, as Trustee
	 	 	 
	 	By:	 
	 	 	Title:	 

 

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(REVERSE OF SECURITY)

 

BANKWELL FINANCIAL GROUP, INC.

 

[ Title of Security ]

 

		1.	Indenture

 

This Security is one
of a duly authorized issue of debentures, notes or other evidence of indebtedness (hereinafter called the “Securities”)
of the Issuer of the series hereinafter specified, which series is initially limited in aggregate principal amount to [$]                    
, all of such Securities issued and to be issued under an Indenture dated as of                     ,                     (the “Indenture”) between the Issuer
and as trustee (the “Trustee”). Capitalized terms herein are used as defined in the Indenture unless otherwise indicated.
The terms of the Securities include those stated in the Indenture and those made part of the Indenture by reference to the Trust
Indenture Act of 1939, as in effect on the date of the Indenture. The Securities are subject to all such terms, and Holders are
referred to the Indenture and the Trust Indenture Act for a statement of all such terms. To the extent permitted by applicable
law, in the event of any inconsistency between the terms of this Security and the terms of the Indenture, the terms of the Indenture
shall control.

 

This Security is one
of a series of Securities designated pursuant to the Indenture [and an [Supplemental Indenture] dated              ,               , issued pursuant
to Section 2.01 and Section 2.03 thereof (the “Supplement”)] as               . The Securities are general unsecured obligations
of the Issuer. The Issuer may, subject to the provisions of the Indenture and applicable law, issue additional Securities of any
series under the Indenture.

 

		2.	Method of Payment.

 

The Issuer shall pay
interest on the Securities (except defaulted interest) to the persons who are the registered Holders at the close of business on
the Interest Record Date immediately preceding the Interest Payment Date notwithstanding any transfer or exchange of such Security
subsequent to such Interest Record Date and prior to such Interest Payment Date. Holders must surrender Securities to the Trustee
to collect principal payments. The Issuer shall pay Principal and interest in money of [the United States] that at the time
of payment is legal tender for payment of public and private debts. [However, the payments of interest, and any portion of the
Principal (other than interest payable at maturity or on any redemption or repayment date or the final payment of Principal) shall
be made by the Paying Agent, upon receipt from the Issuer of immediately available funds by               [a./p.m.], New York City time
(or such other time as may be agreed to between the Issuer and the Paying Agent or the Issuer), directly to a Holder (by Federal
funds wire transfer or otherwise) if the Holder has delivered written instructions to the Trustee 15 days prior to such payment
date requesting that such payment will be so made and designating the bank account to which such payments shall be so made and
in the case of payments of Principal surrenders the same to the Trustee in exchange for a Security or Securities aggregating the
same principal amount as the unredeemed principal amount of the Securities surrendered.]

 

		3.	Redemption.

 

[The Securities of this series may be redeemed
at any time [on or after               ,               ], as a whole or in part, at the option of the Issuer, upon mailing notice of such redemption not less
than 30 and not more than 60 days to the Holders of such Securities, at a redemption price equal to               .] 

 

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		4.	Paying Agent and Security Registrar

 

Initially, the Trustee
will act as Paying Agent and Security Registrar. The Issuer may change any Paying Agent or Security Registrar without notice to
the Holders.

 

		5.	Denominations; Transfer; Exchange.

 

The Securities are in registered
form, without coupons, in denominations of [$1,000] and multiples of [$1,000]. A Holder shall register the transfer
of or exchange Securities in accordance with the Indenture. The Issuer may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents and to pay certain transfer taxes or similar governmental charges payable in connection therewith
as permitted by the Indenture. [The Issuer need not register the transfer of or exchange (a) any Securities for a period of
fifteen (15) days preceding the first mailing of notice that such Securities are to be redeemed, or (b) any Securities selected,
called or being called for redemption in whole or in part, except, in the case of any Security to be redeemed in part, the portion
thereof not to be so redeemed.]

 

		6.	Persons Deemed Owners.

 

The registered Holder of a Security shall be treated as
the owner of it for all purposes.

 

		7.	Unclaimed Funds.

 

If funds for the payment
of principal or interest remain unclaimed for two years, the Trustee and the Paying Agent will repay the funds to the Issuer. After
that, all liability of the Trustee and such Paying Agent with respect to such funds shall cease.

 

		8.	Defeasance.

 

The Indenture [as amended
by the Supplement] contains provisions for defeasance at any time of (a) the entire indebtedness of the Issuer on this Security
and (b) certain restrictive covenants and the related Events of Default, upon compliance by the Issuer with certain conditions
set forth therein, which provisions [apply] to this Security.

 

		9.	Amendment; Supplement; Waiver.

 

Subject to certain
exceptions, the Securities of this series, [the Supplement] and the provisions of the Indenture relating to the Securities of this
series may be amended or supplemented with the written consent of the Holders of at least a majority in aggregate principal amount
of the Securities of this series then outstanding, and any existing Default or Event of Default, other than the non-payment of
the principal amount of or interest on the Securities of this series, or compliance with certain provisions may be waived with
the consent of the Holders of a majority in aggregate principal amount of all the Securities of this series, then outstanding.
Without notice to or consent of any Holder, the parties thereto may amend or supplement the Indenture and the Securities to, among
other things, cure any ambiguity, defect or inconsistency, provide for uncertificated Securities in addition to or in place of
certificated Securities, or make any other change that does not adversely affect the rights of any Holder of a Security.

 

		10.	Defaults and Remedies.

 

If an Event of Default
(other than certain bankruptcy Events of Default with respect to the Issuer) occurs and is continuing, the Trustee or the Holders
of at least 25% in aggregate principal amount of

 

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Securities of this series then outstanding
(voting as a separate class) by notice in writing to the Issuer (and also to the Trustee if such notice is given by the Holders)
may declare [the entire principal] of the Securities of this series and the interest accrued thereon, if any, to be due
and payable immediately in the manner and with the effect provided in the Indenture. If a bankruptcy Event of Default with respect
to the Issuer occurs and is continuing, then [the entire principal] of the Securities then outstanding and interest accrued
thereon, if any, shall become due and payable immediately in the manner and with the effect provided in the Indenture. Holders
of Securities may not enforce the Indenture or the Securities except as provided in the Indenture. The Trustee is not obligated
to enforce the Indenture or the Securities unless it has received indemnity satisfactory to it. The Indenture permits, subject
to certain limitations therein provided, Holders of a majority in aggregate principal amount of the Securities then outstanding
to direct the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders of Securities notice of certain
continuing Defaults or Events of Default if it determines that withholding notice is in their interest.

 

		11.	Subordination.

 

Reference is made to
the Indenture, including, without limitation, provisions subordinating the payment of principal of and premium, if any, and interest
on the Securities to the prior payment in full of all Senior Indebtedness as defined in the Indenture. Such further provisions
shall for all purposes have the same effect as though fully set forth at this place.

 

		12.	Trustee Dealings with Issuer.

 

The Trustee under the
Indenture, in its individual or any other capacity, may become the owner or pledgee of Securities and may otherwise deal with the
Issuer as if it were not the Trustee.

 

		13.	No Recourse Against Others.

 

No stockholder, director,
officer, employee or incorporator, past, present or future as such, of the Issuer or any predecessor or successor corporation thereof
shall have any liability for any obligation under the Securities or the Indenture or for any claim based on, in respect of or by
reason of, such obligations or their creation. Each Holder of a Security by accepting a Security waives and releases all such liability.
The waiver and release are part of the consideration for the issuance of the Securities.

 

		14.	Authentication.

 

This Security shall
not be valid until the Trustee manually signs the certificate of authentication on this Security.

 

		15.	Abbreviations and Defined Terms.

 

Customary abbreviations
may be used in the name of a Holder of a Security or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by
the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (= Custodian), and U/G/M/A
(= Uniform Gifts to Minors Act).

 

		16.	CUSIP Numbers.

 

Pursuant to a recommendation promulgated by
the Committee on Uniform Security Identification Procedures, the Issuer has caused CUSIP numbers to be printed on the Securities
as a convenience to the Holders of the Securities. No representation is made as to the accuracy of such numbers as printed on the
Securities and reliance may be placed only on the other identification numbers printed hereon.

 

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		17.	Governing Law.

 

The laws of the State
of New York shall govern the Indenture and this Security thereof, and for all purposes this Security shall be governed by and construed
in accordance with the laws of such State without regard to any principle of conflict of laws that would require or permit the
application of the laws of any other jurisdiction, except as may otherwise be required by mandatory provisions of law.

 

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ASSIGNMENT FORM

 

I or we assign and transfer this Security to

 

 

(Print or type name, address and zip code of
assignee or transferee)

 

 

(Insert Social Security or other identifying
number of assignee or transferee)

 

and irrevocably appoint                       agent to transfer this Security
on

the books of the Issuer. The agent may substitute another
to act for

him.

 

	Dated: 	 	 	Signed:	 
	 	 	 	 	 	(Signed exactly as name appears on the other side of this Security)

 

	Signature 	 	 
	Guarantee:	 	 

Participant in a recognized Signature Guarantee Medallion
Program (or other signature guarantor program reasonably acceptable to the Trustee)

 

    	8q-ex101_744.htm

 

Exhibit 10.1

 

SUB-PLAN TO THE

QUINTILES TRANSNATIONAL HOLDINGS INC.  EMPLOYEE STOCK PURCHASE PLAN

 

(Effective 2015)

 

1.          Definitions.  Any capitalized term used in this Sub-Plan but not defined herein shall have the meaning given to such term in the Quintiles Transnational Holdings Inc. Employee Stock Purchase Plan (the “Plan”).

 

2.Purpose of the Sub-Plan.

 

(a)       The Company established the Plan to provide Eligible Employees with an opportunity to purchase shares of Common Stock through accumulated payroll deductions or by such other method(s) of contribution as may be permitted by the Committee or its designee.

 

(b)        Section 1 of the Plan provides that the Committee or its designee may, in its sole discretion, amend the terms of the Plan, or an Option, in order to reflect the impact of local law outside of the United States as applied to one or more Eligible Employees of a Non-U.S. Participating Company and may, where appropriate, establish one or more sub-plans to reflect such amended provisions; provided, however, in no event shall any sub-plan (a) be considered part of the Plan for purposes of Section 423 of the Code or (b) cause the Plan (other than the sub-plan) to fail to satisfy the requirements of Section 423 of the Code.  In the event of any inconsistency between a sub-plan and the Plan document, the terms of the sub-plan shall govern.

 

(c)        The Committee has determined that it is appropriate and advisable to establish a sub-plan to the Plan, outside the scope of Section 423 of the Code for the purpose of facilitating the participation of Eligible Employees of Non-U.S. Participating Companies and complying with applicable local laws in certain jurisdictions.

 

(d)        The rules of this Sub-Plan, together with the rules of the Plan, shall govern the offering of and the participation in the Plan with respect to all Eligible Employees of Non-U.S. Participating Companies in the jurisdictions that the Committee or its designee shall determine to be covered by this Sub-Plan.  To the extent there is a conflict between the rules of the Plan and this Sub- Plan, the provisions of the Sub-Plan shall control.

 

3.Terms of the Sub-Plan.

(a)     The rules set forth in the Sub-Plan, as may from time to time be established by the Committee or its designee, as amended from time to time, shall govern offers of participation to Eligible Employees of Non-U.S. Participating Companies residing in the applicable jurisdictions reflected in such Exhibits as the Committee or its designee shall establish hereto, which shall constitute part of this Sub-Plan.  For the avoidance of doubt, the Committee shall have discretion to exclude or include employees of entities that for U.S. tax purposes are considered disregarded entities in relation to a Participating Company. To the extent there is a conflict between the rules of the Plan and this Sub-Plan, the provisions of the Sub-Plan shall control. 

(b)   Subject to the terms of the Plan, the Committee reserves the right to amend or terminate the Sub-Plan, as contained herein, at any time.

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