Document:

Exhibit 4.2

TEXTRON INC.

 

OFFICERS’ CERTIFICATE

Pursuant to Section 3.1 of the Indenture

 

Textron Inc., a Delaware corporation (“Textron”),
hereby certifies, through its Vice President – Investor Relations and Treasurer, Eric Salander, and its Assistant Secretary,
Ann T. Willaman, pursuant to Section 3.1 of the Indenture dated as of September 10, 1999, between Textron and The Bank of New York
Mellon Trust Company, N.A. (successor trustee to The Bank of New York), as Trustee (the “Indenture”), as follows:

 

		1.	Pursuant to authority delegated by Textron’s Board of Directors on December 3, 2019 to the Chief Executive Officer and
Chief Financial Officer of Textron and the written action of Frank T. Connor, Executive Vice President and Chief Financial Officer
of Textron, dated as of March 10, 2020, Textron has created a series of senior debt securities of Textron, designated as the 3.0%
Notes due June 1, 2030 (the “Notes”), to be issued under the Indenture, and authorized the sale of up to $650,000,000
aggregate principal amount of the Notes.

 

		2.	The terms of the Notes as authorized and determined by written action of Frank T. Connor, Executive Vice President and Chief
Financial Officer of Textron, dated March 10, 2020, are as follows:

 

		(1)	The title of the Notes shall be 3.0% Notes due June 1, 2030 (CUSIP: 883203 CB5).

 

		(2)	The Notes shall be issued under the Indenture.

 

		(3)	The principal of the Notes shall be payable on June 1, 2030 in United States dollars.

 

		(4)	The Notes shall bear interest at an annual rate of 3.0% from March 17, 2020, payable semiannually in arrears on June 1 and
December 1 of each year, commencing December 1, 2020 until the principal of the Notes is paid or made available for payment. The
interest payable on the Notes shall be paid to the persons in whose name the Notes are registered at the close of business on May
15 or November 15 (whether or not a Business Day) next preceding such June 1 or December 1, respectively. Interest on the Notes
shall accrue from March 17, 2020. Principal and interest shall be paid in United States dollars.

 

		(5)	The Notes shall be issued in denominations of $2,000 and integral multiples of $1,000 in excess thereof in United States dollars.

 

		(6)	Payment of the principal of and interest on the Notes shall be made at the corporate trust office of the Trustee in the Borough
of Manhattan, The City of New York, New York, presently located at 240 Greenwich St., New York, New York, 10286; provided that, at the option
of Textron, payment of interest with respect to the Notes may be made by check mailed to the address of the person entitled thereto
as such address shall appear in the register for the Notes.

 

     

     

    

 

		(7)	The Notes shall be redeemable, at the option of Textron, in whole or in part on any date prior to the maturity date therefor
established in paragraph (3) hereof (the “Redemption Date”), at the Redemption Price (as defined herein), plus accrued
and unpaid interest on such Notes up to, but not including, such Redemption Date. For all purposes hereof:

 

“Adjusted Treasury Rate” means, with respect
to the redemption of Notes of on a Redemption Date, the annual rate equal to the semi-annual equivalent yield to maturity or interpolated
(on a day count basis) of the Comparable Treasury Issue for the Notes, assuming a price for the Comparable Treasury Issue (expressed
as a percentage of its principal amount) equal to such Comparable Treasury Price for such Redemption Date.

 

“Comparable Treasury Issue” means, with
respect to the redemption of Notes on a Redemption Date, the United States Treasury security selected by the Quotation Agent as
having an actual or interpolated maturity comparable to the remaining term of the Notes to be redeemed (assuming, for this purpose,
that the Notes matured on the Par Call Date) that would be used, at the time of selection and in accordance with customary financial
practice, in pricing new issues of corporate debt securities having such comparable maturity.

 

“Comparable Treasury Price” means, with
respect to the redemption of the Notes on a Redemption Date:

 

		(a)	the average of the Reference Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest such
Reference Treasury Dealer Quotations or

 

		(b)	if Textron obtains fewer than three such Reference Treasury Dealer Quotations, the average of all such Reference Treasury Dealer
Quotations.

 

“Par Call Date”
means March 1, 2030.

 

“Primary Treasury Dealer” means a primary
U.S. Government securities dealer in New York City.

 

“Quotation Agent” means the Reference
Treasury Dealer appointed by Textron.

 

    2
 

     

    

 

“Redemption Price” means (a) with
respect to the redemption of the Notes at any time prior to the Par Call Date, the greater of: (A) 100% of the principal
amount of Notes to be redeemed and (B) as determined by the Quotation Agent, the sum of the present values of the remaining
scheduled payments of principal of such Notes and interest on such Notes that would be due if such Notes matured on the Par
Call Date but for such redemption (not including any portion of such interest payments accrued as of such Redemption Date)
discounted to such Redemption Date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the
Adjusted Treasury Rate for such Notes plus 40 basis points, and (b) with respect to the
redemption of the Notes at any time on or after the Par Call Date and prior to the maturity date therefor, 100% of the
principal amount of the Notes to be redeemed.

 

“Reference Treasury Dealer”
means each of (a) J.P. Morgan Securities LLC and BofA Securities, Inc. and their successors, provided that if either of the foregoing
ceases to be a Primary Treasury Dealer, Textron shall substitute another Primary Treasury Dealer and (b) any other Primary Treasury
Dealers selected by Textron.

 

“Reference Treasury Dealer
Quotations” means, with respect to each Reference Treasury Dealer and the redemption of Notes on a Redemption Date, the average,
as determined by Textron, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage
of its principal amount) which such Reference Treasury Dealer quotes in writing to Textron at 5:00 p.m., New York City time, on
the third Business Day before such Redemption Date.

 

		(8)	The notice of redemption of the Notes may summarize the method by which the Redemption Price will be determined rather than
state the actual dollar amount.

 

		(9)	Upon the occurrence of a Change of Control Triggering Event (as defined herein), unless Textron has exercised its right to
redeem the Notes pursuant to paragraph (7) hereof, each Holder of the Notes will have the right to require Textron to repurchase
all or any part (equal to $1,000 or an integral multiple of $1,000
in excess thereof) of such Holder’s Notes as provided herein (the “Change of Control Offer”) at a purchase price
equal to 101% of the aggregate principal amount of such Notes plus accrued and unpaid interest, if any, on such Notes to the date
of purchase (the “Change of Control Payment”).

 

Within 30 days following any Change of Control
Triggering Event, Textron shall send, by first class mail, a notice to each Holder of the Notes, with a written copy to the Trustee,
which notice shall govern the terms of the Change of Control Offer. Such notice shall state:

 

    3
 

     

    

 

		(i)	a description of the transaction or transactions that constitute such Change of Control Triggering Event;

 

		(ii)	that the Change of Control Offer is being made pursuant to this paragraph (9) and that all Notes validly tendered will be accepted
for payment;

 

		(iii)	the Change of Control Payment and the date of the making thereof (the “Change of Control Payment Date”), which
shall be a Business Day that is no earlier than 30 days nor later than 60 days from the date such notice is mailed, other than
as may be required by law;

 

		(iv)	that any Note not tendered will continue to accrue interest;

 

		(v)	that any Note accepted for payment pursuant to the Change of Control Offer shall cease to accrue interest on and after the
Change of Control Payment Date unless Textron shall default in the Change of Control Payment and the only remaining right of the
Holder thereof is to receive the Change of Control Payment upon surrender of such Note to the Paying Agent;

 

		(vi)	that Holders of Notes electing to have a portion of a Note purchased pursuant to a Change of Control Offer may only elect to
have such Note purchased in a principal amount of $1,000 or integral multiples of $1,000 in excess thereof;

 

		(vii)	that if a Holder of Notes elects to have its Notes purchased pursuant to the Change of Control Offer it will be required to
surrender such Notes, with the form entitled “Option of Holder to Elect Purchase” on the reverse of such Notes completed,
or transfer by book-entry transfer, to the Paying Agent at the address specified in the notice prior to the close of business on
the third Business Day prior to the Change of Control Payment Date;

 

		(viii)	that a Holder of Notes will be entitled to withdraw its election if Textron receives, not later than the third Business Day
preceding the Change of Control Payment Date, a telegram, telex, facsimile transmission or letter setting forth the name of such
Holder, the principal amount of Notes such Holder delivered for purchase, and a statement that such Holder is withdrawing its election
to have such Notes purchased; and

 

		(ix)	that if Notes are purchased only in part a new Note of the same type will be issued in a principal amount equal to the unpurchased
portion of the Notes surrendered.

 

    4
 

     

    

 

On the Change of Control Payment Date, Textron shall,
to the extent lawful, (i) accept for payment all Notes or portions
thereof properly tendered pursuant to the Change of Control Offer, (ii) deposit with the Paying Agent an amount equal to the
Change of Control Payment in respect of all Notes or portions thereof properly tendered and (iii) deliver or cause to be delivered
to the Trustee for cancellation the Notes properly accepted together with an Officers’ Certificate stating the aggregate
principal amount of Notes or portions thereof being purchased by Textron. The Paying Agent shall promptly send to each Holder of
Notes properly tendered the Change of Control Payment for such Notes, and the Trustee, upon receipt of an order from Textron, shall
promptly authenticate and mail (or cause to be transferred by book entry) to such Holder a new Note equal in principal amount to
any unpurchased portion of the Notes surrendered by such Holder, if any, in denominations as set forth in the Indenture. Textron
shall comply with the requirements of Rule 14e-1 under the Exchange Act and any other securities laws and regulations thereunder
to the extent such laws and regulations are applicable in connection with the repurchase of Notes as a result of a Change of Control
Triggering Event. To the extent that the provisions of any securities laws or regulations conflict with this paragraph (9), Textron
will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under this
paragraph (9) by virtue of such conflict.

 

For all purposes hereof:

 

“Below Investment Grade Rating Event ”
means the ratings on the Notes are lowered by each of the Rating Agencies and the Notes are rated below an Investment Grade Rating
by each of the Rating Agencies on any date from the date of the public notice of an arrangement that could result in a Change of
Control until the end of the 60-day period following public notice of the occurrence of the Change of Control (which 60-day period
shall be extended so long as the rating of the Notes is under publicly announced consideration for possible downgrade by any of
the Rating Agencies); provided that a Below Investment Grade Rating Event otherwise arising by virtue of a particular reduction
in rating shall not be deemed to have occurred in respect of a particular Change of Control (and thus shall not be deemed a Below
Investment Grade Rating Event for purposes of the definition of Change of Control Triggering Event hereunder) if the Rating Agencies
making the reduction in rating to which this definition would otherwise apply do not announce or publicly confirm or inform the
Trustee or Textron in writing at the Trustee’s or Textron’s request that the reduction was the result, in whole or
in part, of any event or circumstance comprised of or arising as a result of, or in respect of, the applicable Change of Control
(whether or not the applicable Change of Control shall have occurred at the time of the Below Investment Grade Rating Event).

 

    5
 

     

    

 

“Capital Stock” of any Person means any
and all shares, interests, rights to purchase, warrants, options, participation or other equivalents of or interests in (however
designated) equity of such Person, including any preferred stock and limited liability or partnership interests (whether general
or limited), but excluding any debt securities convertible into such equity.

 

“Change of Control” means the occurrence
of any of the following:

 

(a) the direct or indirect sale,
transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions,
of all or substantially all of Textron’s properties or assets and of Textron’s subsidiaries’ properties or assets
taken as a whole to any Person or group of related “persons” (as that term is used in Section 13(d)(3) of the Exchange
Act) (a “Group”) other than Textron or one of Textron’s subsidiaries;

 

(b) the adoption of a plan relating
to liquidation or dissolution of Textron;

 

(c) the consummation of any transaction
(including, without limitation, any merger or consolidation) the result of which is that any Person or Group becomes the beneficial
owner, directly or indirectly, of more than 50% of the then outstanding number of shares of Textron’s Voting Stock; or

 

(d) the first day on which a
majority of the members of Textron’s Board of Directors are not Continuing Directors.

 

Notwithstanding the foregoing, a transaction will
not be considered to be a Change of Control if (1) Textron becomes a direct or indirect wholly owned subsidiary of a holding
company and (2) immediately following that transaction, (A) the direct or indirect holders of the Voting Stock of the holding
company are substantially the same as the holders of Textron’s Voting Stock immediately prior to that transaction or (B) no
Person or Group is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of the holding company.

 

“Change of Control Triggering Event” means
the occurrence of both a Change of Control and a Below Investment Grade Rating Event.

 

“Continuing Director” means, as of any
date of determination, any member of Textron’s Board of Directors who (1) was a member of Textron’s Board of Directors
on the date of the issuance of the Notes or (2) was nominated for election, elected or appointed to Textron’s Board of Directors
with the approval of a majority of the Continuing Directors who were members of Textron’s Board of Directors at the time
of such nomination, election or appointment.

 

    6
 

     

    

 

“Investment Grade Rating” means a rating
equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent) by S&P.

 

“Moody’s” means Moody’s Investors
Service, Inc., and its successors.

 

“Person” means any individual, corporation,
partnership, joint venture, association, joint stock company, trust, unincorporated organization, limited liability company, government
or any agency or political subdivision thereof or any other entity, and includes a “person” as used in Section 13(d)(3)
of the Exchange Act.

 

“Rating Agencies” means (1) each of Moody’s
and S&P and (2) if either of Moody’s or S&P ceases to rate the Notes or fails to make a rating of the Notes of that
publicly available for reasons outside of Textron’s control, a “nationally recognized statistical rating organization”
within the meaning of Rule 15c3-1(c)(2)(vi)(F) under the Exchange Act selected by Textron (as certified by a resolution of Textron’s
Board of Directors) as a replacement agency for Moody’s or S&P, or both of them, as the case may be.

 

“S&P” means S&P Global Ratings
(acting through Standard & Poor’s Financial Services LLC), a division of S&P Global Inc., and its successors.

 

“Voting Stock” of a Person means all classes
of Capital Stock of such Person then outstanding and normally entitled to vote in the election of directors, managers or trustees,
as applicable.

 

		(10)	The Notes shall not be subject to any optional or mandatory sinking fund.

 

		(11)	The Notes shall be issued only in registered form without coupons.

 

		(12)	The Notes shall be issuable in definitive form as prescribed by the Indenture.

 

		(13)	The Notes shall be represented by one or more Global Securities in the form attached as Exhibit A.

 

		(14)	Textron will not pay additional amounts on the Notes held by a Person who is not a United States Person in respect of any tax,
assessment or governmental charge withheld or deducted.

 

		(15)	Without notice to or consent of any Holder of Notes, Textron may, from time to time and at any time, issue and sell additional
Notes with the same applicable terms and conditions as set forth above (or the same applicable terms and conditions except for
the payment of interest accruing prior to the issue date of the additional Notes or except for the first payment of interest following
the issue date of the additional Notes).

 

    7
 

     

    

 

		(16)	The Trustee shall be the registrar and transfer agent for the Notes and the paying agent of Textron for the payment of the
principal of and interest on the Notes; the Trustee shall authenticate the Notes in accordance with the Company Order relating
thereto; and the register for the Notes shall be kept, and notices and demands to or upon Textron in respect of the Notes and the
Indenture may be served, at the corporate trust office of the Trustee in the Borough of Manhattan, The City of New York, New York.

 

Textron agrees (i) upon written request of
the Trustee to provide the Trustee with such reasonable information as it has in its possession to enable the Trustee to determine
whether any payments pursuant to the Indenture are subject to the withholding requirements described in Section 1471(b) of the
US Internal Revenue Code of 1986 (the “Code”) or otherwise imposed pursuant to Sections 1471 through 1474 of the Code
and any regulations, or agreements thereunder or official interpretations thereof (“Applicable Law”), and (ii) that
the Trustee shall be entitled to make any withholding or deduction from payments under the Indenture to the extent necessary to
comply with Applicable Law, for which the Trustee shall not have any liability.

 

Terms capitalized herein and not otherwise
defined shall have the meanings assigned to them in the Indenture.

 

    8
 

     

    

 

IN WITNESS WHEREOF, Textron Inc., through
the undersigned officers, signed this certificate and affixed the corporate seal of Textron Inc.

 

Dated: March 17, 2020

 

	 	TEXTRON INC.
	 
	 	By:	/s/ Eric Salander
	 	Name:	 Eric Salander
	 	Title:	Vice President – Investor Relations and Treasurer
	 
	 	By:	/s/ Ann T. Willaman
	 	Name:	Ann T. Willaman
	 	Title:	Assistant Secretary

 

[Signature Page to Officers’ Certificate
pursuant to Section 3.1 of the Indenture] 

 

     

     

    

 

Exhibit A 

 

(Included in Exhibit 4.1)rbb-ex42_598.htm

 

Exhibit 4.2

DESCRIPTION OF REGISTRANT’S SECURITIES

As of December 31, 2019, RBB Bancorp (the “Company,” “we,” or “our”) had one class of securities registered under Section 12 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”): our common stock, no par value per share (“common stock”).

DESCRIPTION OF CAPITAL STOCK

General

 

The following description of the current terms of our capital stock is a summary and is not meant to be complete. It is qualified in its entirety by reference to the California General Corporation Law (“CGCL”), federal law, the Company’s Articles of Incorporation (“Articles”) and the Company’s Bylaws, as amended (“Bylaws”).

 

Authorized Capital Stock

 

Our Articles authorize the issuance of up to 100,000,000 shares of common stock, no par value per share, and up to 100,000,000 shares of preferred stock.

 

Voting Rights

 

The holders of our common stock are entitled to one vote per share on any matter to be voted on by the shareholders. The holders of our common stock are entitled to cumulative voting rights with respect to the election of directors. A plurality of the shares voted shall elect all of the directors then standing for election at a meeting of shareholders at which a quorum is present.

 

No Preemptive or Similar Rights

 

The holders of our common stock have no preemptive or other subscription rights and there are no redemption, sinking fund or conversion privileges applicable to our common stock.

 

Dividend Rights

 

The holders of our common stock are entitled to share equally in any dividends that our Board of Directors (“Board”) may declare from time to time out of funds legally available for dividends, subject to limitations under the CGCL and any preferential rights of holders of our then outstanding preferred stock.

 

Anti-Takeover Considerations and Special Provisions of Our Articles, Bylaws and California Law

 

California law and certain provisions of our Articles and Bylaws could have the effect of delaying or deferring the removal of incumbent directors or delaying, deferring or discouraging another party from acquiring control of us, even if such removal or acquisition would be viewed 

 

by our shareholders to be in their best interests. These provisions, summarized below, are intended to encourage persons seeking to acquire control of us to first negotiate with our board of directors. These provisions also serve to discourage hostile takeover practices and inadequate takeover bids. We believe that these provisions are beneficial because the negotiation they encourage could result in improved terms of any unsolicited proposal.

 

Limitation on Right to Call a Special Meeting of Shareholders

 

Our Bylaws provide that special meetings of shareholders may only be called by our Board or our president or by the holders of not less than 10% of our outstanding shares of capital stock entitled to vote for the purpose or purposes for which the meeting is being called.

 

Advance Notice Provisions

 

Additionally, our Bylaws provide that nominations for directors must be made in accordance with the provisions of our Bylaws, which generally require, among other things, that such nominations be provided in writing to our corporate secretary, not less than 21 days prior to the meeting or 7 days after the date of mailing of the notice of meeting to shareholders, and that the notice to our corporate secretary contain certain information about the shareholder and the director nominee.

 

Filling of Board Vacancies; Removals

 

Any vacancies on our Board and any directorships resulting from any increase in the number of directors may be filled by a majority of the remaining directors, or if the number of directors then in office is less than a quorum, by (i) unanimous written consent of the directors then in office, (ii) the affirmative vote of a majority of the directors then in office at a meeting held pursuant to notice or waivers of notice, or (iii) a sole remaining director. However, a vacancy created by the removal of a director by the vote or written consent of the shareholders or by court order may be filled only by the affirmative vote of a majority of the shares represented and voting at a duly held meeting at which a quorum is present, or by the unanimous written consent of all shares entitled to vote thereon.

 

New or Amendment of the Bylaws

 

New bylaws may be adopted or our Bylaws may be amended or repealed by the vote or written consent of holders of a majority of the outstanding shares entitled to vote. Our Bylaws also provide that except for changing the range of directors which is currently set at 7 to 13, our Bylaws may be altered, amended or repealed by our Board without prior notice to or approval by our shareholders. Accordingly, our Board could take action to amend our Bylaws in a manner that could have the effect of delaying, deferring or discouraging another party from acquiring control of us.

 

 

 

 

2

 

Voting Provisions

 

Our Articles do not provide for certain heightened voting thresholds needed to consummate a change in control transaction, such as a merger, the sale of substantially all of our assets or other similar transaction. Accordingly, we will not be able to consummate a change in control transaction or sell all or substantially all of our assets without obtaining the affirmative vote of the holders of shares of our capital stock having at least a majority of the voting power of all outstanding capital stock entitled to vote thereon.

 

Elimination of Liability and Indemnification

 

Our Articles and Royal Business Bank’s (“Bank”) articles of incorporation provide that a director of the Company or the Bank will not incur any personal liability to us, the Bank or our shareholders for monetary damages for certain breaches of fiduciary duty as a director. A director’s liability, however, is not eliminated with respect to (i) any breach of the duty of loyalty, (ii) acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) paying a dividend or approving a stock repurchase which is illegal under certain provisions of state law, or, (iv) any transaction from which the director derived an improper personal benefit. Our Articles and Bylaws and the Bank’s articles of incorporation and bylaws also provide, among other things, for the indemnification of our or the Bank’s directors, officers and agents, and authorize our and/or the Bank’s board of directors to pay expenses incurred by, or to satisfy a judgment or fine rendered or levied against, such agents in connection with any personal legal liability incurred by the individual while acting for us and/or the Bank within the scope of his or her employment (subject to certain limitations). It is the policy of our and the Bank’s board of directors that our and the Bank’s directors, officers and agents shall be indemnified to the maximum extent permitted under applicable law and our and the Bank’s articles of incorporation and bylaws, and we have obtained director and officer liability insurance covering all of our and the Bank’s officers and directors.

 

Restrictions on Ownership of Company Common Stock

 

The ability of a third party to acquire our stock is also limited under applicable U.S. banking laws, including regulatory approval requirements. The Bank Holding Company Act of 1956 (the “BHCA”) requires any “bank holding company,” as defined in that BHCA, to obtain the approval of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) prior to acquiring more than 5% of our outstanding common stock. Any corporation or other company that becomes a holder of 25% or more of our outstanding common stock, or 5% or more of our common stock under certain circumstances, would be subject to regulation as a bank holding company under the BHCA. In addition, any person other than a bank holding company may be required to obtain prior approval of the Federal Reserve to acquire 10% or more of our outstanding common stock under the Change in Bank Control Act of 1978.

 

Stock Exchange Listing

 

Our common stock is listed on the NASDAQ Global Select Market under the symbol “RBB.”

3

 

Transfer Agent and Registrar

 

The transfer agent and registrar for our common stock is Issuer Direct, 500 Perimeter Park Drive, Suite D, Morrisville, North Carolina 27560, (919) 481-4000.

4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00306-of-00352.parquet"}]]