Company: MCHB
Filing Date: 2025-07-03
Form Type: S-4
Source: 0001140361-25-024872
Chunk: 287

Company: Mechanics Bancorp
Filing Date: 2025-07-03
Form: S-4
Chunk 287
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 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 officers’ liability insurance maintained by HomeStreet and Mechanics or certain substitute policies with respect to claims against each present and former director, officer or employee of HomeStreet and its subsidiaries or Mechanics and its subsidiaries from facts or events that occurred on or before the effective time (including the approval of the transactions contemplated by the merger agreement). HomeStreet will not be obligated to expend, on an annual basis, 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 insurance.

#### Certain Additional Covenants
The merger agreement also contains additional covenants, including, among others, covenants relating to (i) the filing of this proxy statement/prospectus/consent solicitation statement, (ii) obtaining consents, (iii) the listing of the shares of HomeStreet common stock on the Nasdaq or NYSE, and potential delisting of HomeStreet common stock from Nasdaq, (iv) access to information of the HomeStreet Parties or Mechanics, as applicable, (v) advice of changes, (vi) exemption from takeover restrictions, (vii) shareholder litigation relating to the transactions contemplated by the merger agreement, (viii) public announcements with respect