Company: MCHB
Filing Date: 2025-07-15
Form Type: S-4/A
Source: 0001140361-25-025920
Chunk: 485

Company: Mechanics Bancorp
Filing Date: 2025-07-15
Form: S-4/A
Chunk 485
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 or after the Effective Time, arising out of or pertaining to the fact that such person is or was a director, officer or employee of Company or any of its Subsidiaries or is or was serving at the request of Company or any of its Subsidiaries as a director, trustee, officer, employee, or agent of another corporation or a partnership, joint venture, trust, or other enterprise, and pertaining to matters, acts or omissions existing or occurring at or prior to the Effective Time, including matters, acts or omissions occurring in connection with the approval of this Agreement and the transactions contemplated by this Agreement; provided that in the case of advancement of expenses, any Indemnified Party to whom expenses are advanced provides an undertaking to repay such advances if it is ultimately determined that such Indemnified Party is not entitled to indemnification. Parent shall, and shall cause the Surviving Entity to, reasonably cooperate with the applicable Indemnified Party, and each Indemnified Party shall reasonably cooperate with Parent and the Surviving Entity, in the defense of any such claim, action, suit, proceeding or investigation. Without limiting the indemnification and other rights provided in this Section 6.7(a) , all rights to indemnification, all limitations on liability existing in favor of the Indemnified Parties and all other rights provided in any indemnification agreement in existence on the date of this Agreement shall survive the Merger and shall continue in full force and effect to the fullest extent permitted by law, and shall be honored by Parent, the Surviving Entity and their respective Subsidiaries or their respective successors as if they were the indemnifying party thereunder, without any amendment thereto.

(b) At Company’s sole cost, Company may obtain at or prior to the Effective Time a six (6)-year “tail” policy under Company’s existing directors’ and officers’ insurance policies, which may name Company and Parent as beneficiaries, 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 Company as of the date hereof, with respect to claims against the Company Indemnified Parties arising from facts or events which occurred at or before the Effective Time (including the approval of the transactions contemplated by this Agreement) if and to the extent that the same may be obtained for an amount that, in the aggregate, does not exceed 300% of the current annual premium paid as of the date of this Agreement