Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Section 2.02(b)(4) of the Massachusetts Business Corporations Act (the “MBCA”) provides that a
Massachusetts corporation may, in its articles of organization, eliminate or limit the personal liability of a director
for monetary damages for breach of fiduciary duty notwithstanding any law to the contrary, except for liabilities
involving (i) any breach of duty of loyalty to the corporation or to the shareholders, (ii) acts or omissions not in good
faith, intentional misconduct or knowing violations of law, (iii) certain improper distributions or (iv) any transaction
from which the director derived an improper personal benefit.
Section 8.51 of the MBCA authorizes a Massachusetts corporation to indemnify an individual who is a party
to a proceeding because he or she is a director against liability incurred in the proceeding if (1) (i) such individual
conducted himself/herself in good faith, (ii) such individual reasonably believed that his/her conduct was in the best
interests of the corporation or that his/her conduct was at least not opposed to the best interests of the corporation,
and (iii) in the case of any criminal proceeding, such individual had no reasonable cause to believe that his/her
conduct was unlawful or (2) such individual engaged in conduct for which he or she shall not be liable under a
provision of the articles of organization authorized by Section 2.02(b)(4) of the MBCA.
Section 8.52 of the MBCA provides that a corporation must indemnify a director who is wholly successful, on
the merits or otherwise, in the defense of any proceeding to which the director was a party because he or she was a
director of the corporation against reasonable expenses incurred by him or her in connection with the proceeding.
Section 8.56 of the MBCA authorizes a corporation to indemnify an officer of the corporation who is a party
to a proceeding because he or she is an officer of the corporation to the same extent as a director and, if he or she is
an officer but not a director, to such further extent as may be provided by the articles of organization, by-laws or a
resolution of the board of directors or contract, except for liability arising out of acts or omissions not in good faith
or which involve intentional misconduct or a knowing violation of law. Section 8.56 of the MBCA requires that a
Massachusetts corporation indemnify an officer of the corporation who was wholly successful, on the merits or
otherwise, in the defense of any proceeding to which such officer was a party because he or she was an officer of the
corporation.
Part D of Article VI of the Restated Articles of Organization of the Registrant provides that no director of the
Registrant shall be personally liable to the Registrant or its shareholders for monetary damages for any breach of
fiduciary duty as a director. Such paragraph provides further, however, that to the extent provided by applicable law
it will not eliminate or limit the liability of a director (i) for any breach of the director’s duty of loyalty to the
Registrant or its shareholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or
a knowing violation of law, (iii) under Section 61 or 62 of the Massachusetts Business Corporation Law, or (iv) for
any transactions from which the director derived an improper personal benefit.
Article V of the Registrant’s Amended and Restated By-laws provides that the Registrant shall indemnify, and
advance funds to pay for or reimburse the reasonable expenses incurred by, its directors and the officers that have
been appointed by the Board of Directors (including persons who serve at the Registrant’s request as a director,
officer, or trustee of another organization in which the Registrant has any interest, direct or indirect, as a
shareholder, creditor, or otherwise or who serve at the Registrant’s request in any capacity with respect to any
employee benefit plan) to the fullest extent permitted by law, and may indemnify, and advance funds to pay for or
reimburse the reasonable expenses incurred by, such other employees and agents as are identified by the Board of
Directors.