Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 286

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 286
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 HomeStreet’s shareholders of an equity compensation plan on such terms and in such form as are market-appropriate for HomeStreet following the consummation of the merger and as determined jointly by HomeStreet and Mechanics.

**Director and Officer Indemnification and Insurance**

From and after the effective time, HomeStreet will indemnify and hold harmless against and will advance expenses as incurred to all present and former directors, officers and employees of both HomeStreet and Mechanics and their respective subsidiaries for any costs or expenses (including reasonable attorneys’ fees), judgments, fines, losses, damages or liabilities incurred in connection with any threatened or actual claim, action, suit, proceeding or investigation arising out of or pertaining to the fact that such person is or was a director, officer or employee of HomeStreet or Mechanics or their subsidiaries and pertaining to matters, acts or omissions existing or occurring at or prior to the effective time, including the transactions contemplated by the merger agreement, to the extent such persons are indemnified or entitled to such advancement or expenses as of the date of the merger agreement under

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applicable law, by HomeStreet’ and Mechanics’ or their respective subsidiaries’ articles, bylaws or the governing or organizational documents, or any indemnification agreements in existence as of the closing date that are identified on the confidential disclosure schedules to the merger agreement.

HomeStreet will, and Mechanics may, obtain at or prior to the effective time a six (6) year “tail” policy under such respective party’s existing directors’ and officers’ insurance policy providing the same coverage and amounts and containing terms and conditions that are no less advantageous to the insured as the directors’ and officers’ liability insurance maintained by such party, as the case may be, as of the date of the merger agreement, with respect to claims against each present and former director, officer or employee of HomeStreet or Mechanics, as applicable, arising from facts or events that occurred at or before the effective time (including the approval of the transactions contemplated by the merger agreement), provided that neither party will expend, in the aggregate, an amount in excess of 300% of the current annual premium paid as of the date of the merger agreement by HomeStreet or Mechanics, as the case may be, for such tail policy. If the tail policy is not available, in the case of HomeStreet, or not available or obtained, in the case of Mechanics, then HomeStreet will cause to be maintained in effect the current policies of directors’ and