Document:

​

Exhibit 4.6
DEED OF INDEMNIFICATION AND ADVANCEMENT
​
This Deed of Indemnification and Advancement (“Deed”) is made as of                                  , 202     by and among:
​
Cian PLC (a public company incorporated in accordance with Cypriot law, registered with the Companies Registrar of the Republic of Cyprus on 7 July 2017 under number 371331, and having its registered office at 64 Agiou Georgiou Makri, Anna Maria Lena Court, Flat: 201, 6037 Larnaca, Cyprus) (“Cian”);
​
Irealtor LLC (a company incorporated in accordance with Russian law, registered on June 6, 2013 under the primary state registration number 1137746481190 with a registered address: 27 Elektrozavodskaya Str., building 8, premises I, floor 5, Moscow, 107023, Russian Federation) (“iRealtor”); and
​
[Name](passport number [_], of [_], a member of the Board of Directors of Cian (the “Indemnified Person”).                                                                                               
​
RECITALS:
​
WHEREAS, Cian’s Board of Directors (the “Board”) believes that highly competent persons have become more reluctant to serve publicly held corporations as directors, officers, or in other capacities unless they are provided with adequate protection through insurance or adequate indemnification and advancement of expenses against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of the corporation;
WHEREAS, the Board has determined that, in order to attract and retain qualified individuals, Cian will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving Cian and its subsidiaries from certain liabilities. Although the furnishing of such insurance has been a customary and widespread practice, Cian believes that, given current market conditions and trends, such insurance may be available to it in the future only at higher premiums and with more exclusions. At the same time, directors, officers, and other persons in service to corporations or business enterprises are being increasingly subjected to expensive and time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against Cian or business enterprise itself.
The articles of association of Cian (“Articles”) require indemnification of the officers and directors of Cian. The indemnification provisions of the Articles are not exclusive, and thereby contemplate that contracts may be entered into between Cian and members of the Board, officers and other persons with respect to indemnification and advancement of expenses;
WHEREAS, the uncertainties relating to such insurance, to indemnification, and to advancement of expenses may increase the difficulty of attracting and retaining such persons;
WHEREAS, the Board has determined that the increased difficulty in attracting and retaining such persons is detrimental to the best interests of Cian and its shareholders and that Cian should act to assure such persons that there will be increased certainty of such protection in the future;
​

-1-

​

WHEREAS, it is reasonable, prudent and necessary for such persons to be indemnified and have their expenses advanced to the fullest extent permitted by applicable law so that they will serve or continue to serve Cian free from undue concern that they will not be so indemnified;
​
WHEREAS, iRealtor is the entity within the Cian group best placed to provide such indemnification and advances;
​
WHEREAS, this Deed is a supplement to and in furtherance of the Articles and any resolutions adopted pursuant thereto, and is not a substitute therefor, nor diminishes or abrogates any rights of the Indemnified Person thereunder;
​
WHEREAS, all necessary corporate approvals of Cian and iRealtor authorizing entry into this Deed have been received; and
​
WHEREAS, the Indemnified Person does not regard the protection available under the Articles and insurance as adequate in the present circumstances, and may not be willing to serve or continue to serve as an officer or director without adequate additional protection, and Cian desires the Indemnified Person to serve in such capacity. The Indemnified Person is willing to serve and to take on additional service for or on behalf of Cian on the condition that the Indemnified Person be so indemnified and be advanced their expenses.
​
NOW, THEREFORE, in consideration of the premises and the covenants contained herein, iRealtor, Cian and the Indemnified Person do hereby covenant and agree as follows:
​
Section 1.   Services to Cian. The Indemnified Person agrees to serve as a director
/executive officer of Cian. The Indemnified Person may at any time and for any reason resign from such position (subject to any other contractual obligation or any obligation imposed by operation of law). This Deed does not create any obligation on Cian to continue the Indemnified Person in such position and is not an employment or service contract between Cian (or any of its subsidiaries or any Enterprise) and the Indemnified Person.
​
Section 2.   Definitions. As used in this Deed:
​
(a)“Agent” means any person who is authorized by Cian or an Enterprise to act for or represent the interests of Cian or an Enterprise, respectively.
​
(b)A “Change in Control” occurs upon the earliest to occur after the date of this Deed of any of the following events:
​
i.Acquisition of Shares by Third Party. Any Person (as defined below) is or becomes the Beneficial Owner (as defined below), directly or indirectly, of securities of Cian representing fifteen percent (15%) or more of the combined voting power of Cian’s then outstanding securities unless the change in relative beneficial ownership of Cian’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares of securities entitled to vote generally in the election of directors;
​
ii.Corporate Transactions. The effective date of a merger or consolidation of Cian with any other entity, other than a merger or consolidation which would result in the voting securities of Cian outstanding immediately prior to such merger or consolidation continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving
​

-2-

​

entity) more than 50% of the combined voting power of the voting securities of the surviving entity outstanding immediately after such merger or consolidation and with the power to elect at least a majority of the board of directors or other governing body of such surviving entity;
​
iii.Liquidation. The approval by the shareholders of Cian of a complete liquidation of Cian or an agreement for the sale or disposition by Cian of all or substantially all of Cian’s assets; and
​
iv.Other Events. There occurs any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated under the Exchange Act (as defined below), whether or not Cian is then subject to such reporting requirement.
​
		v.
	For purposes of this Section 2(b), the following terms have the following meanings:

​
1“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended from time to time.
​
2“Person” has the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act; provided, however, that Person excludes (i)Cian, (ii) iRealtor, (iii) the depositary appointed in connection with Cian’s American depositary receipt programme in its capacity as such, (iv) any trustee or other fiduciary holding securities under an employee benefit plan of Cian, and (v) any corporation owned, directly or indirectly, by the shareholders of Cian in substantially the same proportions as their ownership of stock of Cian.
​
3“Beneficial Owner” has the meaning given to such term in Rule 13d-3 under the Exchange Act; provided, however, that Beneficial Owner excludes any Person otherwise becoming a Beneficial Owner by reason of the shareholders of Cian approving a merger of Cian with another entity.
​
(c)“Corporate Status” describes the status of a person who is or was acting as a director, officer, employee, fiduciary, or Agent of Cian or an Enterprise.
​
(d)“Disinterested Director” means a director of Cian who is not and was not a party to the Proceeding in respect of which indemnification is sought by the Indemnified Person.
​
(e)“Enterprise” means any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other entity for which the Indemnified Person is or was serving at the request of Cian as a director, officer, employee, or Agent.
​
(f)“Expenses” includes all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees of experts and other professionals, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, any federal, state, local or foreign taxes imposed on the Indemnified Person as a result of the actual or deemed receipt of any payments under this Deed, ERISA excise taxes and penalties, and all other disbursements or expenses
​

-3-

​

of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding. Expenses also include (i) Expenses incurred in connection with any appeal resulting from any Proceeding, including without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent, and (ii) for purposes of Section 14(d) only, Expenses incurred by the Indemnified Person in connection with the interpretation, enforcement or defense of the Indemnified Person’s rights under this Deed, by litigation or otherwise. Expenses, however, do not include amounts paid in settlement by the Indemnified Person or the amount of judgments or fines against the Indemnified Person.
​
(g)“Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent: (i) Cian, iRealtor or the Indemnified Person in any matter material to either such party (other than with respect to matters concerning the Indemnified Person under this Deed, or of other Indemnified Persons under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” does not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing any of Cian, iRealtor or the Indemnified Person in an action to determine the Indemnified Person’s rights under this Deed.

​
(h)The term “Proceeding” includes any threatened, pending or completed action, suit, claim, counterclaim, cross claim, arbitration, mediation, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought in the right of Cian or iRealtor or otherwise and whether of a civil, criminal, administrative, legislative, or investigative (formal or informal) nature, including any appeal therefrom, in which the Indemnified Person was, is or will be involved as a party, potential party, non- party witness or otherwise by reason of the Indemnified Person’s Corporate Status or by reason of any action taken by the Indemnified Person (or a failure to take action by the Indemnified Person) or of any action (or failure to act) on the Indemnified Person’s part while acting pursuant to the Indemnified Person’s Corporate Status, in each case whether or not serving in such capacity at the time any liability or Expense is incurred for which indemnification, reimbursement, or advancement of Expenses can be provided under this Deed. A Proceeding also includes a situation the Indemnified Person believes in good faith may lead to or culminate in the institution of a Proceeding.

​
(i)“Sponsor Entities” means Speedtime Trading Limited, Ronder Investments Limited, Onlypiece Trading Limited and their respective affiliates.

​
(j)“Section” means a section of this Deed, unless stated otherwise.

​
Section 3. Indemnity in Third-Party Proceedings. iRealtor will indemnify the Indemnified Person in accordance with the provisions of this Section 3 if the Indemnified Person is, or is threatened to be made, a party to or a participant in any Proceeding, other than a Proceeding by or in the right of Cian or iRealtor to procure a judgment in its favor. Pursuant to this Section 3, iRealtor will indemnify the Indemnified Person to the fullest extent permitted by applicable law against all Expenses, judgments, fines and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, judgments, fines and amounts paid in settlement) actually and reasonably incurred by the Indemnified Person or on the Indemnified Person’s behalf in connection with such Proceeding or any claim, issue or matter therein,
​

-4-

​

if the Indemnified Person acted in good faith and in a manner the Indemnified Person reasonably believed to be in or not opposed to the best interests of Cian.
​
Section 4.  Indemnity in Proceedings by or in the Right of Cian or iRealtor. iRealtor will indemnify the Indemnified Person in accordance with the provisions of this Section 4 if the Indemnified Person is, or is threatened to be made, a party to or a participant in any Proceeding by or in the right of Cian or iRealtor to procure a judgment in its favor. Pursuant to this Section 4, iRealtor will indemnify the Indemnified Person to the fullest extent permitted by applicable law against all Expenses actually and reasonably incurred by the Indemnified Person or on the Indemnified Person’s behalf in connection with such Proceeding or any claim, issue or matter therein, if the Indemnified Person acted in good faith and in a manner the Indemnified Person reasonably believed to be in or not opposed to the best interests of Cian. iRealtor will not indemnify the Indemnified Person for Expenses under this Section 4 related to any claim, issue or matter in a Proceeding for which the Indemnified Person has been finally adjudged by a court to be liable to Cian or iRealtor, unless, and only to the extent that, the court or arbitral tribunal in which the Proceeding was brought determines upon application by the Indemnified Person that, despite the adjudication of liability but in view of all the circumstances of the case, the Indemnified Person is fairly and reasonably entitled to indemnification.
​
Section 5.  Indemnification for Expenses of a Party Who is Wholly or Partly Successful. To the fullest extent permitted by applicable law, iRealtor will indemnify the Indemnified Person against all Expenses actually and reasonably incurred by the Indemnified Person in connection with any Proceeding to the extent that the Indemnified Person is successful, on the merits or otherwise. If the Indemnified Person is not wholly successful in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, iRealtor will indemnify the Indemnified Person against all Expenses actually and reasonably incurred by the Indemnified Person or on the Indemnified Person’s behalf in connection with or related to each successfully resolved claim, issue or matter to the fullest extent permitted by law. For purposes of this Section 5 and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, will be deemed to be a successful result as to such claim, issue or matter.
​
Section 6.  Indemnification For Expenses of a Witness. To the fullest extent permitted by applicable law, iRealtor will indemnify the Indemnified Person against all Expenses actually and reasonably incurred by the Indemnified Person or on the Indemnified Person’s behalf in connection with any Proceeding to which the Indemnified Person is not a party but to which the Indemnified Person is a witness, deponent, interviewee, or otherwise asked to participate.
​
Section 7.  Partial Indemnification. If the Indemnified Person is entitled under any provision of this Deed to indemnification by iRealtor for some or a portion of Expenses, but not, however, for the total amount thereof, iRealtor will indemnify the Indemnified Person for the portion thereof to which the Indemnified Person is entitled.
​
Section 8.  Additional Indemnification. Notwithstanding any limitation in Sections 3, 4, or 5, iRealtor will indemnify the Indemnified Person to the fullest extent permitted by applicable law if the Indemnified Person is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of Cian or iRealtor to procure a judgment in its favor).
​

-5-

​

Section 9.  Exclusions. Notwithstanding any provision in this Deed, iRealtor is not obligated under this Deed to make any indemnification payment to the Indemnified Person in connection with any Proceeding:
​
(a)for which payment has actually been made to or on behalf of the Indemnified Person under any insurance policy or other indemnity provision, except to the extent provided in Section 15(b) and except with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision; or
​
(b)for (i) an accounting of profits made from the purchase and sale (or sale and purchase) by the Indemnified Person of securities of Cian within the meaning of Section 15(b) of the Exchange Act (as defined in Section 2(b) hereof) or similar provisions of state statutory law or common law, (ii) any reimbursement of Cian by the Indemnified Person of any bonus or other incentive-based or equity-based compensation or of any profits realized by the Indemnified Person from the sale of securities of Cian, as required in each case under the Exchange Act (including any such reimbursements that arise from an accounting restatement of Cian pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”), or the payment to Cian of profits arising from the purchase and sale by the Indemnified Person of securities in violation of Section 306 of the Sarbanes-Oxley Act) or (iii) any reimbursement of Cian by the Indemnified Person of any compensation pursuant to any compensation recoupment or clawback policy adopted by the Board or the compensation committee of the Board, including but not limited to any such policy adopted to comply with stock exchange listing requirements implementing Section 10D of the Exchange Act; or
​
(c)initiated by the Indemnified Person, including any Proceeding (or any part of any Proceeding) initiated by the Indemnified Person against Cian or iRealtor or their directors, officers, employees or other the Indemnified Persons, unless (i) the Proceeding or part of any Proceeding is to enforce the Indemnified Person’s rights to indemnification or advancement, of Expenses, including a Proceeding (or any part of any Proceeding) initiated pursuant to Section 14, (ii) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation or (iii) iRealtor provides the indemnification, in its sole discretion, pursuant to any powers vested in iRealtor under applicable law; or
​
(d)where the Indemnified Person has been fully adjudicated by a court to have acted with willful intent or gross negligence; or
​
(e)where, in the case of a criminal Proceeding, it is determined in a final, non- appealable decision of a competent court that the Indemnified Person’s conduct constitutes a criminal offence.
​
Section 10.Advances of Expenses.
​
(a)iRealtor will advance, to the extent not prohibited by applicable law, the Expenses incurred by the Indemnified Person in connection with any Proceeding (or any part of any Proceeding) not initiated by the Indemnified Person or any Proceeding (or any part of any Proceeding) initiated by the Indemnified Person if (i) the Proceeding or part of any Proceeding is to enforce the Indemnified Person’s rights to obtain indemnification or advancement of Expenses from iRealtor or an Enterprise, including a proceeding initiated pursuant to Section 14 or (ii) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation. iRealtor will advance the Expenses
​

-6-

​

within thirty (30) days after the receipt by Cian or iRealtor of a statement or statements requesting such advances from time to time, whether prior to or after final disposition of any Proceeding.
​
(b)Advances will be unsecured and interest-free. The Indemnified Person undertakes to repay (without interest) the amounts advanced by way of advancement or indemnification to the extent that it is ultimately determined that the Indemnified Person is not entitled to be indemnified by iRealtor. No other form of undertaking is required other than the execution of this Deed. iRealtor will make advances without regard to the Indemnified Person’s ability to repay the Expenses and without regard to the Indemnified Person’s ultimate entitlement to indemnification under the other provisions of this Deed.
​
Section 11.Procedure for Notification of Claim for Indemnification or Advancement.
​
(a)The Indemnified Person will notify Cian and iRealtor in writing of any Proceeding with respect to which the Indemnified Person intends to seek indemnification or advancement of Expenses hereunder as soon as reasonably practicable following the receipt by the Indemnified Person of written notice thereof. The Indemnified Person will include in the written notification a description of the nature of the Proceeding and the facts underlying the Proceeding and provide such documentation and information as is reasonably available to the Indemnified Person and is reasonably necessary to determine whether and to what extent the Indemnified Person is entitled to indemnification following the final disposition of such Proceeding. The Indemnified Person’s failure to notify Cian and iRealtor will not relieve iRealtor from any obligation it may have to the Indemnified Person under this Deed, and any delay in so notifying Cian and iRealtor will not constitute a waiver by the Indemnified Person of any rights under this Deed. Cian will, promptly upon receipt of such a request for indemnification or advancement, advise the Board in writing that the Indemnified Person has requested indemnification or advancement.
​
(b)Cian will be entitled to participate in the Proceeding at its own expense.
​
Section 12.Procedure Upon Application for Indemnification.
​
(a)Unless a Change in Control has occurred, the determination of the Indemnified Person’s entitlement to indemnification will be made:
​
i.by a majority vote of the Disinterested Directors, even though less than a quorum of the Board;
​
ii.by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum of the Board;
​
iii.if there are no such Disinterested Directors or, if such Disinterested Directors so direct, by written opinion provided by Independent Counsel selected by the Board; or
​
		iv.
	if so directed by the Board, by the shareholders of Cian.

​
(b)If a Change in Control has occurred, the determination of the Indemnified Person’s entitlement to indemnification will be made by written opinion provided by Independent Counsel selected by the Indemnified Person (unless the Indemnified Person requests such selection be made by the Board)
​

-7-

​

(c)The party selecting Independent Counsel pursuant to subsection (a)iii or (b) of this Section 12 will provide written notice of the selection to the other party. The notified party may, within ten (10) days after receiving written notice of the selection of Independent Counsel, deliver to the selecting party a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 2, and the objection will set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected will act as Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection is withdrawn or the relevant court or arbitral tribunal has determined that such objection is without merit. If, within thirty (30) days after the later of submission by the Indemnified Person of a written request for indemnification pursuant to Section 11(a) hereof and the final disposition of the Proceeding, Independent Counsel has not been selected or, if selected, any objection to has not been resolved, either iRealtor or the Indemnified Person may petition the relevant court or arbitral tribunal for the appointment as Independent Counsel of a person selected by the relevant court or arbitral tribunal or by such other person as relevant court or arbitral tribunal designates. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 14(a), Independent Counsel will be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing).
​
(d)the Indemnified Person will cooperate with the person, persons or entity making the determination with respect to the Indemnified Person’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to the Indemnified Person and reasonably necessary to such determination. iRealtor will advance and pay any Expenses incurred by the Indemnified Person in so cooperating with the person, persons or entity making the indemnification determination irrespective of the determination as to the Indemnified Person’s entitlement to indemnification and iRealtor hereby indemnifies and agrees to hold the Indemnified Person harmless therefrom. Cian promptly will advise the Indemnified Person in writing of the determination that the Indemnified Person is or is not entitled to indemnification, including a description of any reason or basis for which indemnification has been denied and providing a copy of any written opinion provided to the Board by Independent Counsel.
​
(e)If it is determined that the Indemnified Person is entitled to indemnification, iRealtor will make payment to the Indemnified Person within thirty (30) days after such determination.
​
Section 13.Presumptions and Effect of Certain Proceedings.
​
(a)In making a determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination will, to the fullest extent not prohibited by law, presume the Indemnified Person is entitled to indemnification under this Deed if the Indemnified Person has submitted a request for indemnification in accordance with Section 11(a), and Cian and iRealtor will, to the fullest extent not prohibited by law, have the burden of proof to overcome that presumption. Neither the failure of Cian and iRealtor (including by their directors or Independent Counsel) to have made a determination prior to the commencement of any action pursuant to this Deed that indemnification is proper in the circumstances because the Indemnified Person has met the applicable standard of conduct, nor an actual determination by the Cian or iRealtor (including by their directors or Independent Counsel) that the Indemnified Person has not met such applicable
​

-8-

​

standard of conduct, will be a defense to the action or create a presumption that the Indemnified Person has not met the applicable standard of conduct.
​
(b)If the determination of the Indemnified Person’s entitlement to indemnification has not been made pursuant to Section 12 within sixty (60) days after the later of (i) receipt by Cian and iRealtor of the Indemnified Person’s request for indemnification pursuant to Section 11(a) and (ii) the final disposition of the Proceeding for which the Indemnified Person requested Indemnification (the “Determination Period”), the requisite determination of entitlement to indemnification will, to the fullest extent not prohibited by law, be deemed to have been made and the Indemnified Person will be entitled to such indemnification, absent (i) a misstatement by the Indemnified Person of a material fact, or an omission of a material fact necessary to make the Indemnified Person’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law. The Determination Period may be extended for a reasonable time, not to exceed an additional thirty (30) days, if the person, persons or entity making the determination with respect to entitlement to indemnification in good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto; and provided, further, the Determination Period may be extended an additional fifteen (15) days if the determination of entitlement to indemnification is to be made by the shareholders pursuant to Section 12(a)(iii).
​
(c)The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, will not (except as otherwise expressly provided in this Deed) of itself adversely affect the right of the Indemnified Person to indemnification or create a presumption that the Indemnified Person did not act in good faith and in a manner which the Indemnified Person reasonably believed to be in or not opposed to the best interests of Cian or, with respect to any criminal Proceeding, that the Indemnified Person had reasonable cause to believe that the Indemnified Person’s conduct was unlawful.
​
(d)For purposes of any determination of good faith, the Indemnified Person will be deemed to have acted in good faith if the Indemnified Person acted based on the records or books of account of Cian, its subsidiaries, or an Enterprise, including financial statements, or on information supplied to the Indemnified Person by the directors or officers of Cian, its subsidiaries, or an Enterprise in the course of their duties, or on the advice of legal counsel for Cian, its subsidiaries, or an Enterprise or on information or records given or reports made to Cian or an Enterprise by an independent certified public accountant or by an appraiser, financial advisor or other expert selected with reasonable care by or on behalf of Cian, its subsidiaries, or an Enterprise. Further, the Indemnified Person will be deemed to have acted in a manner “not opposed to the best interests of Cian,” as referred to in this Deed if the Indemnified Person acted in good faith and in a manner the Indemnified Person reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan. The provisions of this Section 13(d) is not exclusive and does not limit in any way the other circumstances in which the Indemnified Person may be deemed to have met the applicable standard of conduct set forth in this Deed.
​
(e)The knowledge and/or actions, or failure to act, of any director, officer, trustee, partner, managing member, fiduciary, agent or employee of the Enterprise may not be imputed to the Indemnified Person for purposes of determining the Indemnified Person’s right to indemnification under this Deed.
​
Section 14.Remedies of the Indemnified Person.
​

-9-

​

(a)the Indemnified Person may commence litigation against iRealtor pursuant to Section 24 to obtain indemnification or advancement of Expenses provided by this Deed in the event that (i) a determination is made pursuant to Section 12 that the Indemnified Person is not entitled to indemnification under this Deed, (ii) iRealtor does not advance Expenses pursuant to Section 10, (iii) the determination of entitlement to indemnification is not made pursuant to Section 12 within the Determination Period, (iv) iRealtor does not indemnify the Indemnified Person pursuant to Section 5 or 6 or the second to last sentence of Section 12(d) within thirty (30) days after receipt by Cian and iRealtor of a written request therefor, (v) iRealtor does not indemnify the Indemnified Person pursuant to Section 3, 4, 7, or 8 within thirty (30) days after a determination has been made that the Indemnified Person is entitled to indemnification, or (vi) in the event that Cian, iRealtor or any other person takes or threatens to take any action to declare this Deed void or unenforceable, or institutes any litigation or other action or Proceeding designed to deny, or to recover from, the Indemnified Person the benefits provided or intended to be provided to the Indemnified Person hereunder. The Indemnified Person must commence such Proceeding seeking an adjudication or award in arbitration within one hundred and eighty (180) days following the date on which the Indemnified Person first has the right to commence such Proceeding pursuant to this Section 14(a); provided, however, that the foregoing clause does not apply in respect of a Proceeding brought by the Indemnified Person to enforce the Indemnified Person’s rights under Section 5. Neither Cian nor iRealtor will not oppose the Indemnified Person’s right to seek any such adjudication or award in arbitration.
​
(b)If a determination is made pursuant to Section 12 that the Indemnified Person is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 14 will be conducted in all respects as a de novo trial, or arbitration, on the merits and the Indemnified Person may not be prejudiced by reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 14, Cian and iRealtor will have the burden of proving the Indemnified Person is not entitled to indemnification or advancement of Expenses, as the case may be, and will not introduce evidence of the determination made pursuant to Section 12.
​
(c)If a determination is made pursuant to Section 12 that the Indemnified Person is entitled to indemnification, iRealtor will be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 14, absent (i) a misstatement by the Indemnified Person of a material fact, or an omission of a material fact necessary to make the Indemnified Person’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law.
​
(d)Cian and iRealtor are, to the fullest extent not prohibited by law, precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 14 that the procedures and presumptions of this Deed are not valid, binding and enforceable and will stipulate in any such court or before any such arbitrator that each of them is bound by all the provisions of this Deed.
​
(e)It is the intent of Cian and iRealtor that, to the fullest extent permitted by law, the Indemnified Person shall not be required to incur legal fees or other Expenses associated with the interpretation, enforcement or defense of the Indemnified Person’s rights under this Deed by litigation or otherwise because the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnified Person hereunder. iRealtor, to the fullest extent permitted by law, will (within thirty (30) days after receipt by Cian and iRealtor of a written request therefor) advance to the Indemnified Person such Expenses which are incurred by the Indemnified Person in
​

-10-

​

connection with any action concerning this Deed, the Indemnified Person’s right to indemnification or advancement of Expenses from iRealtor, or concerning any directors’ and officers’ liability insurance policies maintained by Cian, and will indemnify the Indemnified Person against any and all such Expenses unless the relevant court or arbitral tribunal determines that each of the Indemnified Person’s claims in such action were made in bad faith or were frivolous or are prohibited by law.
​
Section 15.Non-exclusivity; Survival of Rights; Insurance; Subrogation.
​
(a)The indemnification and advancement of Expenses provided by this Deed are not exclusive of any other rights to which the Indemnified Person may at any time be entitled under applicable law, the Articles, any agreement, a vote of shareholders of Cian or a resolution of the Board, or otherwise. The indemnification and advancement of Expenses provided by this Deed may not be limited or restricted by any amendment, alteration or repeal of this Deed in any way with respect to any action taken or omitted by the Indemnified Person in the Indemnified Person’s Corporate Status occurring prior to any amendment, alteration or repeal of this Deed. To the extent that a change in English, Cypriot or Russian law, whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded currently under this Deed or the Articles, it is the intent of the parties hereto that the Indemnified Person enjoy by this Deed the greater benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy is cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, will not prevent the concurrent assertion or employment of any other right or remedy.
​
(b)Cian and iRealtor each hereby acknowledge that the Indemnified Person may have certain rights to indemnification, advancement of Expenses and/or insurance provided by one or more other Persons with whom or which the Indemnified Person may be associated (including, without limitation, any Sponsor Entities). The relationship between iRealtor and such other Persons, other than an Enterprise, with respect to the Indemnified Person’s rights to indemnification, advancement of Expenses, and insurance is described by this subsection, subject to the provisions of subsection (d) of this Section 15 with respect to a Proceeding concerning the Indemnified Person’s Corporate Status with an Enterprise.
​
		i.
	iRealtor hereby acknowledges and agrees:

​
1)iRealtor is the indemnitor of first resort with respect to any request for indemnification or advancement of Expenses made pursuant to this Deed concerning any Proceeding;
​
2)iRealtor is primarily liable for all indemnification and indemnification or advancement of Expenses obligations for any Proceeding, whether created by law, organizational or constituent documents, contract (including this Deed) or otherwise;
​
3)any obligation of any other Persons with whom or which the Indemnified Person may be associated (including, without limitation, any Sponsor Entities) to indemnify the Indemnified Person and/or advance Expenses to the Indemnified Person in respect of any proceeding are secondary to the obligations of iRealtor’s obligations;
​

-11-

​

4)iRealtor will indemnify the Indemnified Person and advance Expenses to the Indemnified Person hereunder to the fullest extent provided herein without regard to any rights the Indemnified Person may have against any other Person with whom or which the Indemnified Person may be associated (including, any Sponsor Entities) or insurer of any such Person; and
​
ii.subject to Section 15(e), iRealtor irrevocably waives, relinquishes and releases (A) any other Person with whom or which the Indemnified Person may be associated (including, without limitation, any Sponsor Entities) from any claim of contribution, subrogation, reimbursement, exoneration or indemnification, or any other recovery of any kind in respect of amounts paid by iRealtor to the Indemnified Person pursuant to this Deed and (B) any right to participate in any claim or remedy of the Indemnified Person against any Person (including, without limitation, any Sponsor Entities), whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from any Person (including, without limitation, any Sponsor Entities), directly or indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right.
​
iii.In the event any other Person with whom or which the Indemnified Person may be associated (including, without limitation, any Sponsor Entities) or their insurers advances or extinguishes any liability or loss for the Indemnified Person, the payor has a right of subrogation against iRealtor or its insurers for all amounts so paid which would otherwise be payable by iRealtor or its insurers under this Deed. In no event will payment by any other Person with whom or which the Indemnified Person may be associated (including, without limitation, any Sponsor Entities) or their insurers affect the obligations of iRealtor hereunder or shift primary liability for iRealtor’s obligation to indemnify or advance of Expenses to any other Person with whom or which the Indemnified Person may be associated (including, without limitation, any Sponsor Entities).
​
iv.Any indemnification or advancement of Expenses provided by any other Person with whom or which the Indemnified Person may be associated (including, without limitation, any Sponsor Entities, but excluding any provider of director and officer liability insurance in respect of the Indemnified person) is specifically in excess over iRealtor’s obligation to indemnify and advance Expenses or any valid and collectible insurance (including but not limited to any malpractice insurance or professional errors and omissions insurance) provided by Cian.
​
(c)To the extent that Cian maintains an insurance policy or policies providing liability insurance for directors, officers, employees, or agents of Cian, Cian will obtain a policy or policies covering the Indemnified Person to the maximum extent of the coverage available for any such director, officer, employee or agent under such policy or policies, including coverage in the event iRealtor does not or cannot, for any reason, indemnify or advance Expenses to the Indemnified Person as required by this Deed. If, at the time of the receipt of a notice of a claim pursuant to this Deed, Cian has director and officer liability insurance in effect, Cian will give prompt notice of such claim or of the commencement of a Proceeding, as the case may be, to the insurers in accordance with the procedures set forth in the respective policies. Cian will thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnified Person, all amounts payable as a result of such Proceeding in accordance with the terms of such policies. The Indemnified Person agrees to assist Cian’s efforts to cause the insurers to pay such amounts and will comply with the terms of such policies, including selection of approved panel counsel, if required.
​
​

-12-

​

(d)iRealtor’s obligation to indemnify or advance Expenses hereunder to the Indemnified Person for any Proceeding concerning the Indemnified Person’s Corporate Status with an Enterprise will be reduced by any amount the Indemnified Person has actually received as indemnification or advancement of Expenses from such Enterprise. Cian, iRealtor and the Indemnified Person intend that any such Enterprise (and its insurers) be the indemnitor of first resort with respect to indemnification and advancement of Expenses for any Proceeding related to or arising from the Indemnified Person’s Corporate Status with such Enterprise. iRealtor’s obligation to indemnify and advance Expenses to the Indemnified Person is secondary to the obligations the Enterprise or its insurers owe to the Indemnified Person. The Indemnified Person agrees to take all reasonably necessary and desirable action to obtain from an Enterprise indemnification and advancement of Expenses for any Proceeding related to or arising from the Indemnified Person’s Corporate Status with such Enterprise.
​
(e)In the event of any payment made by iRealtor under this Deed, iRealtor will be subrogated to the extent of such payment to all of the rights of recovery of the Indemnified Person from any Enterprise or insurance carrier. For the avoidance of doubt, if iRealtor advances or extinguishes any liability or loss for the Indemnified Person, iRealtor has a right of subrogation against any provider of director and officer liability insurance in respect of the Indemnified Person for all amounts so paid that would otherwise be payable by such provider under such insurance. The Indemnified Person will execute all papers required and take all action necessary to secure such rights, including execution of such documents as are necessary to enable iRealtor to bring suit to enforce such rights.
​
Section 16.  Duration. This Deed continues until and terminates upon the later of: (a) ten (10)years after the date that the Indemnified Person ceases to have a Corporate Status or (b) one (1) year after the final termination of any Proceeding then pending in respect of which the Indemnified Person is granted rights of indemnification or advancement of Expenses hereunder and of any Proceeding commenced by the Indemnified Person pursuant to Section 14 relating thereto. The indemnification and advancement of Expenses rights provided by or granted pursuant to this Deed are binding upon and be enforceable by the parties hereto and their respective successors and assigns (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of iRealtor), continue as to an the Indemnified Person who has ceased to be a director, officer, employee or agent of Cian or of any other Enterprise, and inure to the benefit of the Indemnified Person and the Indemnified Person’s spouse, assigns, heirs, devisees, executors and administrators and other legal representatives.
​
Section 17. Severability. If any provision or provisions of this Deed is held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Deed (including without limitation, each portion of any Section containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) will not in any way be affected or impaired thereby and remain enforceable to the fullest extent permitted by law; (b) such provision or provisions will be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Deed (including, without limitation, each portion of any Section containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) will be construed so as to give effect to the intent manifested thereby.
​
​

-13-

​

​
Section 18.  Interpretation. Any ambiguity in the terms of this Deed will be resolved in favor of the Indemnified Person and in a manner to provide the maximum indemnification and advancement of Expenses permitted by law. Cian, iRealtor and the Indemnified Person intend that this Deed provide to the fullest extent permitted by law for indemnification and advancement in excess of that expressly provided, without limitation, by the Articles, vote of Cian shareholders or Disinterested Directors or applicable law.
​
Section 19.Enforcement.
​
(a)Cian and iRealtor expressly confirm and agree that they have entered into this Deed and assumed the obligations imposed on them hereby in order to induce the Indemnified Person to serve as a director or officer of Cian, and Cian and iRealtor acknowledge that the Indemnified Person is relying upon this Deed in serving as a director or officer of Cian.
​
(b)This Deed constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof; provided, however, that this Deed is a supplement to and in furtherance of the Articles and applicable law, and is not a substitute therefor, nor to diminish or abrogate any rights of the Indemnified Person thereunder.
​
Section 20.  Modification and Waiver. No supplement, modification or amendment of this Deed is binding unless executed in writing by the parties hereto. No waiver of any of the provisions of this Deed will be deemed or constitutes a waiver of any other provisions of this Deed nor will any waiver constitute a continuing waiver.
​
Section 21.  Notice by the Indemnified Person. The Indemnified Person agrees promptly to notify Cian and iRealtor in writing upon being served with any summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification or advancement of Expenses covered hereunder. The failure of the Indemnified Person to so notify Cian and iRealtor does not relieve iRealtor of any obligation which it may have to the Indemnified Person under this Deed or otherwise.
​
Section 22. Notices. All notices, requests, demands and other communications under this Deed will be in writing and will be deemed to have been duly given if (a) delivered by hand to the other party, (b) sent by reputable overnight courier to the other party or (c) sent by electronic mail, with receipt of oral confirmation that such communication has been received:
​
	​

	​
​

	(a)
	If to the Indemnified Person, at the address indicated on the signature page of this Deed, or such other address as the Indemnified Person provides to Cian and iRealtor.

	​
	​

	(b)
	If to Cian:

	​
	​

	​
	To: Fiduserve Management Ltd
Address: 4th Floor, 9 Kafkasou Str., Aglantzia, 2112 Nicosia, Cyprus Attention: For Cian PLC
Email: andreas.constantinides@fiduserve.com,
​

	​
	Сс: iRealtor LLC

​
​

-14-

​

	​

	​

	​
	Address: premises I, floor 5, 27 Elektrozavodskaya street, Bldg.8, Moscow,
107023, Russian Federation

	​
	Attention: Legal Department, Capital Markets and IR

	​
	Email: a.maslovskaya@cian.ru, v.kiseleva@cian.ru,

	​
	​

	(c)
	If to iRealtor:

	​
	​

	​
	To: iRealtor LLC

	​
	Address: premises I, floor 5, 27 Elektrozavodskaya street, Bldg.8, Moscow,
107023, Russian Federation

	​
	Attention: Legal Department, Capital Markets and IR
Email: a.maslovskaya@cian.ru, v.kiseleva@cian.ru,

	​
	​

	​
	Cc: Fiduserve Management Ltd

	​
	Address: 4th Floor, 9 Kafkasou Str., Aglantzia, 2112 Nicosia, Cyprus
Attention: For Cian PLC

	​
	Email: andreas.constantinides@fiduserve.com,

​
or to any other address as may have been furnished to the Indemnified Person by Cian or iRealtor.
​
Section 23. Contribution. To the fullest extent permissible under applicable law, if the indemnification provided for under Section 3 to Section 8 is unavailable to the Indemnified Person for any reason whatsoever, iRealtor, in lieu of indemnifying the Indemnified Person, will contribute to the amount incurred by the Indemnified Person, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with any claim relating to an indemnifiable event under this Deed, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by iRealtor and the Indemnified Person as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of iRealtor (and its directors, officers, employees and agents) and the Indemnified Person in connection with such event(s) and/or transaction(s).
​
Section 24. Applicable Law. This Deed and the legal relations among the parties are governed by, and construed and enforced in accordance with, the laws of England, without regard to its conflict of laws rules.
​
Section 25. Default jurisdiction. Except with respect to any arbitration commenced pursuant to Section 26, Cian, iRealtor and the Indemnified Person hereby irrevocably and unconditionally (i) agree that any action or Proceeding arising out of or in connection with this Deed or the breach termination or invalidity thereof shall be brought only in the courts of England and not in any other court in any other country, (ii) consent to submit to the exclusive jurisdiction of the courts of England for the purposes of any action or Proceeding arising out of or in connection with this Deed,
(iii) waive any objection to the laying of venue of any such action or Proceeding in the courts of England, and (iv) waive, and agree not to plead or to make, any claim that any such action or Proceeding brought in the courts of England has been brought in an improper or inconvenient forum.
​
Section 26. Option to arbitrate. Notwithstanding the provisions of Section 25, Cian, iRealtor and the Indemnified Person may agree in writing that any action or Proceeding arising out of or in connection with this Deed or the breach termination or invalidity thereof shall be finally settled by arbitration in accordance with the LCIA Rules of the London Court of International Arbitration. In
​

-15-

​

such case, the place of arbitration shall be London, England, the language used in the arbitral proceedings shall be English and the arbitral tribunal shall consist of three arbitrators. In the absence of written agreement between Cian, iRealtor and the Indemnified person to arbitrate under this Section 26, the provisions of Section 25 shall apply.
​
Section 27. Identical Counterparts. This Deed may be executed in one or more counterparts, each of which will for all purposes be deemed to be an original but all of which together constitutes one and the same agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Deed.
​
Section 28.  Headings. The headings of this Deed are inserted for convenience only and do not constitute part of this Deed or affect the construction thereof.
​
Signature page follows.
​

-16-

​

IN WITNESS WHEREOF, the parties have caused this document to be signed as a deed and is delivered and takes effect on the day and year first above written.
​
	;

	​

	Executed as a deed by IREALTOR LLC acting by the person indicated, who is permitted to execute this document for IREALTOR LLC under the laws of Russian Federation
	​

	​
	                                                           

	​
	Name:                                     

	​
	Position: General Director

	​
	(Authorised signatory)

	​
	​

	​
	​

	Executed as a deed by CIAN PLC acting by the person indicated, who is permitted to execute this document for CIAN PLC under the laws of Cyprus
	​

	​
	                                                           

	​
	Name:                                     

	​
	Position:                                    

	​
	(Authorised signatory)

	​
	​

	​
	​

	Signed as a deed by the person indicated in the presence of a witness
	                                                  

	​
	Name:

	​
	​

	​
	(Indemnified Party)

	​
	​

	​
	In the presence of:

	​
	​

	​
	                                                           

	​
	​

	​
	Name:

	​
	Witness occupation:

	​
	Witness address:

	​
	​

	​
	​

	​
	​

​

-17-Document

                                                                                                                               

EXHIBIT 10.1
GENERAL RELEASE AND SEPARATION AGREEMENT
    This General Release and Separation Agreement (“Agreement”) is entered into by Kevin Smith (“Employee”) and CNA Financial Corporation in order to resolve all matters between Employee and CNA Financial Corporation relating to Employee’s employment. For purposes of this Agreement, CNA Financial Corporation includes its past and present parents, subsidiaries, and affiliated companies; their respective predecessors, successors, and assigns; and their respective past and present shareholders, directors, trustees, officers, employees, agents, attorneys, benefit plans, and insurers (collectively, the “Company”) (together Employee and Company shall be considered the “Parties”). Employee is advised to consult an attorney before signing this Agreement.
1.    Termination of Employment. Employee has resigned from the Company and his employment with the Company will end on June 1, 2022 (“Separation Date”). As of such date, Employee shall cease to be employed by the Company and by each and every subsidiary or affiliate of the Company in any capacity. This Agreement constitutes Employee’s resignation on the Separation Date as an employee, officer, and/or director of, and from any other title or position with, the Company and each of the Company’s subsidiaries and affiliates.  From March 14, 2022 through the Separation Date (the “Transition Period”), Employee agrees to assist the Company in the transition of his duties in connection with his role as President & Chief Operating Officer, CNA Specialty, as instructed by the Company’s Executive Vice President & Global Head of Underwriting and Company’s Executive Vice President & Chief Human Resources Officer, or their designee(s).  During the Transition Period, Employee’s duties, responsibilities and authority may be modified at the Company’s discretion.  Notwithstanding the foregoing, through the Separation Date, Employee will remain an employee at will whose employment may be terminated by Employee or the Company for any reason (or without stated reason). If Employee’s employment is terminated for any reason prior to the Separation Date, the date of termination will become the Separation Date for all purposes of this Agreement. If Employee’s employment is terminated prior to the Separation Date by the Company without Cause (as defined below), Employee shall be entitled to the Consideration described in Paragraph 2. For purposes of this Agreement, “Cause” shall mean the Employee engaged in (i) criminal activity, unless Employee had no reasonable cause to believe his conduct was criminal or (ii) material willful misconduct that, if capable of being cured, is not cured after five (5) business days’ written notice from the Company of such misconduct.  For avoidance of doubt, material willful misconduct may include Employee’s refusal to effectuate transition of his duties and responsibilities as directed.  If Employee’s employment is terminated prior to the Separation Date as defined above, either voluntarily by Employee or by the Company for Cause, then Employee shall not be entitled to the Consideration described in Paragraph 2.
2.    Consideration.  In consideration of the covenants undertaken and releases given by Employee in this Agreement, the Company agrees to provide the following:
a.    The Company shall pay Employee the gross amount of $3,500,000 (three million five hundred thousand dollars), less statutory taxes and withholdings (the “Settlement Payment”).  The Settlement Payment will be paid in two (2) installments, the first installment payment of $2,500,000 to occur twenty (20) days after the Company receives this signed Agreement or within thirty (30) days after the Separation Date, whichever occurs later (and provided Employee signs, returns and does not revoke his signature on the Agreement), and the second installment payment of $1,000,000 to occur on or about the first payroll date in January 2023.  
b.    The Company shall pay Employee 100% of Employee’s 2021 Annual Incentive Bonus in the amount of $1,600,000 (one million six hundred thousand dollars) pursuant to the terms of the relevant Plan, which shall be payable to Employee on March 15, 2022, commensurate with other similarly situated employees of the Company, and subject to applicable withholdings.  Employee’s 2019 LTI will vest according to schedule on March 15, 2022.  
c.    After the Employee’s Separation Date, the Company will also provide Employee continued coverage under the Company’s CNA Health and Group Benefits Program and the CNA Insured Health and Group Benefits Program (“the Plans”), including dental and vision coverage, Accidental Death & Disability, contributory life insurance, and dependent life insurance at the Employee’s active rate for seven (7) months following the Separation Date (“Benefit Period”) if: (a) Employee was enrolled in that particular coverage on the Separation Date; (b) Employee elects to receive that continued coverage; and (c) Employee is not eligible for coverage under the plans of another employer, which is comparable to the terms and conditions of the plan Employee is enrolled in as of the Separation Date. Employee’s separate eligibility for continuation of health insurance as provided by the federal law known as COBRA begins to run at the Separation Date. Employee agrees to notify the Company promptly if he becomes eligible for coverage under another employer’s comparable plans.
3.    Acknowledgement of Consideration. The Company is not obligated to pay the Consideration described above. Rather, the Company agrees to provide these items of value only in return for Employee’s acceptance of this Agreement and release of legal rights.
                 1

4.     Taxes. The Company shall withhold required federal and state tax amounts on the gross amount described in the Consideration paragraph above. Employee understands and agrees that the Company is not providing any tax or legal advice in connection with this Agreement, and that the Company makes no representations regarding tax obligations or consequences, if any, related to this Agreement. Employee agrees that Employee shall be exclusively responsible for the payment of all federal and state taxes that may be due as the result of the Settlement Payment under this Agreement. Employee hereby agrees to indemnify and hold harmless the Company and any other releasee from payment of taxes, interest or penalties that may be required by any governmental agency at any time as the result of the Settlement Payment and continued insurance benefits to Employee as set forth herein. In addition, the Parties intend that any payments contemplated by this Agreement shall constitute “short-term deferral” and are not “deferred compensation” under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). In no event will the Company have any liability with respect to taxes for which Employee may become liable as a result of the application of Code Section 409A.
5.    Accrued Benefits. Whether or not Employee chooses to sign this Agreement, Employee will be paid his regular base salary through the Separation Date, and will receive payment for all earned unused paid time off due to Employee as of the Separation Date under Company policy, which shall be payable to Employee on the next regularly scheduled payday following the Separation Date. All applicable federal, state, and local withholdings will be deducted from this amount.
6.    No Admission of Wrongdoing. This Agreement is not an admission that the Company has any liability to Employee, or of any wrongdoing by the Company. The Company denies any liability of any kind to Employee.
7.    Waiver and Release of All Claims. In return for the Settlement Payment, Employee agrees to waive and release all legal claims that Employee may have against the Company except as specifically stated below. This means that Employee gives up all legal rights to recover any additional amounts or obtain any additional relief from the Company. The additional amounts referred to in this paragraph include, but are not limited to, salary, bonus, long term incentive, annual incentive bonus, severance, SUB Pay, stock incentives, or other compensation or benefits other than the Consideration specified in this Agreement. By signing this Agreement, Employee is giving up all claims Employee may have on the date Employee signs this Agreement, whether or not Employee knows about those claims. The claims Employee is giving up include all claims based upon Employee’s employment with the Company or the termination of Employee’s employment, including, but not limited to, any and all claims for:
•any pay/compensation/benefits (whether under the federal Fair Labor Standards Act or otherwise) including backpay, front pay, bonuses, commissions, equity, expenses, incentives, insurance, paid/unpaid leave/time off, profit sharing, salary, or separation pay/benefits; 
•compensatory/emotional/distress damages; punitive or liquidated damages, attorneys’ fees, costs, interest or penalties;
•any violation of express or implied employment contracts, covenants, promises or duties, intellectual property or other proprietary rights;
•unlawful or tortious conduct such as assault or battery; background check violations; defamation; detrimental reliance; fiduciary breach; fraud; indemnification; intentional or negligent infliction of emotional distress; interference with contractual or other legal rights; invasion of privacy; loss of consortium; misrepresentation; negligence (including negligent hiring, retention or supervision); personal injury; promissory estoppel; public policy violation; retaliatory discharge; safety violations; posting or records-related violations; wrongful discharge; or other federal, state or local statutory or common law matters;
•any violation of any city, local, state, or federal laws, statutes, ordinances, executive orders, regulations, or constitutions, including but not limited to discrimination or harassment based on age (including Age Discrimination in Employment Act or “ADEA” claims), ancestry, benefit entitlement, citizenship, color, concerted activity, disability, ethnicity, gender, gender identity, genetic information, harassment, immigration status, income source, jury duty, leave rights, marital status, military status, national origin, parental status, political affiliation, protected off-duty conduct, race, religion, retaliation, sexual orientation, union activity, veteran status, whistleblower activity, other legally protected status or activity; or any allegation that payment under this Agreement was affected by any such discrimination or harassment; 
•any violation of any city, local, state, or federal laws, statutes, ordinances, executive orders, regulations, or constitutions, including but not limited to ADEA, Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C. § 2000e et seq., the Civil Rights Act of 1866, 42 U.S.C. § 1981, the Fair Labor Standards Act of 1938, as amended, 29 U.S.C. § 201 et seq., the Americans with Disabilities Act of 1990, as amended, 42 U.S.C. § 12101 et seq., the Equal Pay Act of 1963, as amended, 29 U.S.C. § 206(d), the Family and Medical Leave Act of 1993, as amended, 29 U.S.C. § 2601 et seq.; Illinois Human Rights Act, as amended; Illinois 
2

Whistleblower Act; Illinois Arrest History Discrimination Law; Illinois Employment Contract Act; Illinois Labor Dispute Act; the Illinois Constitution; Illinois common law, as well as any and all other applicable federal, state, county or local law, statute, ordinance or regulation; and;
•any participation in any class, collective, or representative action against the Company.
8.     Release Exclusions/Additional Employee Protections. Nothing in the Waiver and Release above or any other part of this Agreement limits Employee’s right to make truthful statements or disclosures regarding alleged unlawful employment practices by the Company. In addition, neither the release provisions above nor anything else in this Agreement limit Employees right to: file a charge with an administrative agency such as the Equal Employment Opportunity Commission (“EEOC”) or a state fair employment practices agency, or communicate directly with or provide information (including testimony) to an agency, self-regulatory authority, or state or federal regulatory authority, such as the Financial Industry Regulatory Authority (“FINRA”) or the U.S. Securities and Exchange Commission (“SEC”), or otherwise participate in an agency proceeding; (ii) testify before the state legislature at the legislature’s written request or in court pursuant to subpoena or court order; or (iii) communicate with law enforcement or Employee’s attorney. However, Employee agrees not to accept any money or other individual relief that might be awarded to Employee. If relief is nonetheless awarded, Employee agrees that Employer shall be entitled to recover an amount equal to the Settlement Payment from any money awarded to Employee in connection with such proceedings minus $200. However, nothing in this Agreement limits Employee’s right to receive money from the SEC as a reward for information. 
9.    Agreement Not to Sue. Employee agrees not to sue the Company in any court with respect to any of the claims released in this Agreement except as specifically permitted in this paragraph below. If Employee, or anyone on Employee’s behalf, breaks this promise, then Employee shall be required to repay the Settlement Payment except for $200; alternatively, at the Company’s option, Employee shall be liable for the payment of all costs and attorneys’ fees paid by the Company in connection with such a lawsuit. This Agreement not to sue does not prohibit Employee from bringing a lawsuit to challenge the enforceability of this Agreement as it relates to age discrimination claims. Employee will not be required to repay the Settlement Payment in order to challenge the validity or enforceability of this Agreement under the Age Discrimination in Employment Act, and will not be liable for the payment of costs and fees paid by the Company in connection with such a challenge. This does not mean that Employee retains the right to obtain relief for age discrimination after signing this Agreement. After signing this Agreement, Employee may obtain relief for age discrimination only if Employee obtains a court order stating that this Agreement is not enforceable.
10.    Effect on Other Claims. This Agreement does not apply to claims based upon conduct or injuries that occur after the date this Agreement is signed. It also does not apply to or affect (a) any insurance claims or workers’ compensation claims filed before the date of this Agreement; (b) Employee’s right to retirement benefits; or (c) any state unemployment compensation benefits to which Employee may be entitled as a result of the termination of Employee’s employment with the Company.
11.    Confidentiality. Employee agrees to be bound by the Company’s Confidentiality, Computer Responsibility and Professional Certification Agreement, a copy of which Employee acknowledges having previously received. Employee agrees that all Confidential Information as defined below is commercially valuable and is the property of the Company, and agrees not to reveal or use Confidential Information learned as a result of Employee’s employment with the Company. Employee shall return all Confidential Information (whether it exists in written, electronic, computerized, or another form) to the Company before termination of Employee’s employment. For purposes of this Agreement, “Confidential Information” includes all information, knowledge, or data not generally known outside the Company concerning the business of: (a) the Company; and (b) the Company’s customers, employees, agents, brokers, and vendors. 
Notwithstanding the foregoing, in accordance with the Defend Trade Secrets Act of 2016, Employee is hereby notified that Employee will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that: (i) is made (A) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (B) solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding. If Employee files a lawsuit for retaliation by the Company for reporting a suspected violation of law, Employee may disclose the Company’s trade secrets to Employee’s attorney and use the trade secret information in the court proceeding if Employee (i) files any document containing the trade secret under seal; and (ii) does not disclose the trade secret, except pursuant to court order.
12.    Company Property. On or prior to the Separation Date, Employee shall return to the Company all Company property in his possession or use, including, without limitation, all automobiles, printers, cell phones, credit cards, building-access cards and keys, other electronic equipment and related materials, and any records, software or other data from Employee’s personal computers or laptops which are not themselves Company property, however stored, relating to the Company’s Confidential Information.
3

13.    Assistance with Claims. While employed at the Company and for twelve (12) months after the Separation Date, Employee will be available on a reasonable basis to assist the Company with any legal or regulatory proceedings involving Employee’s role as the Company’s President & Chief Operating Officer, CNA Specialty. Employee shall promptly inform the Company if Employee is requested: (a) to provide information or testimony in connection with or otherwise become involved in any claim against the Company; or (b) to assist with or participate in any investigation of the Company by others. 
14.    Non-Disparagement. Employee agrees that he will not, and will not encourage or induce others to, make, publish or communicate to any person or entity or in any public forum any defamatory or disparaging remarks, comments or statements concerning the Company, its subsidiaries, affiliates or shareholders or any of their respective past, present or future directors, officers, employees, agents, shareholders or members or any of their respective successors and assigns.  The Company will issue internal and external announcements regarding Employee’s separation stating that Employee has resigned as of the Separation Date.  Nothing in this Agreement is intended to or shall prevent any person, including Employee, from providing, or limiting testimony in response to a valid subpoena, court order, regulatory request or other judicial, administrative or legal process or otherwise as required by law. Subject to the foregoing, Employee shall not be held liable by the Company for giving accurate and truthful information at any interviews and accurate and truthful testimony in any legal proceedings or actions. It is acknowledged that the Company will be required to file a Form 8-K with the SEC announcing Employee’s resignation and to file a copy of this Agreement with the SEC.
15.    Agreement Not To Solicit Employees. While employed at the Company and for 12 months after the Separation Date, Employee will not employ or engage as a consultant, or offer to employ or engage as a consultant, or solicit for employment or engagement as a consultant, any person who is then an employee of the Company, or assist any other person or company in doing so. 
16.    Agreement Not to Interfere with Business Relationships. While employed at the Company and for 12 months after the Separation Date, Employee will not interfere, or try to interfere, with any business relationship between the Company and any other person or entity, including customers, agents, suppliers, vendors, contractors, employees, and business partners. Employee further agrees that, for a period of 12 months after the Separation Date, he will not solicit, or direct others to solicit, Company customers. Employee further agrees that, for a period of 12 months after the Separation Date, he will not solicit agents or brokers, or direct others to solicit agents or brokers, to move Company business away from Company or to limit or otherwise affect the amount of business the agents or brokers do with the Company. 
17.    Ownership of Claims. Employee states that he is not currently involved in a bankruptcy proceeding and that Employee has not given or transferred any claims Employee may have against the Company to any other person or entity.
18.    Time to Consider, Consult with Counsel, and Revoke. Employee will have up to 21 days after receiving this Agreement to consult with an attorney, sign it, and return it to Elizabeth Aguinaga, Executive Vice President, Chief Human Resources Officer, CNA, by mail to 151 N. Franklin, 18th Floor, Chicago, Illinois 60606, or by email to Elizabeth.Aguinaga@cna.com. Employee may sign this Agreement any time on or after the Separation Date, but should not sign it before the Separation Date. Employee will have up to seven days after signing this Agreement to change Employee’s mind and revoke this Agreement. To revoke this Agreement, Employee must give written notice to Elizabeth Aguinaga so that it is received no later than the eighth day after Employee signs the Agreement. 
19.    Severability; Enforcement. If any provision of this Agreement is held by a court of competent jurisdiction to be illegal, void or unenforceable, such provision shall have no effect; however, the remaining provisions shall be enforced to the maximum extent possible. Further, if a court should determine that any portion of this Agreement is overbroad or unreasonable, such provision shall be given effect to the maximum extent possible by narrowing or enforcing in part that aspect of the provision found overbroad or unreasonable. In addition, Employee agrees that his knowing failure to return Company property that relates to the maintenance of security of the Company’s Confidential Information shall entitle the Company to injunctive and other equitable relief. 
20.    Entire Agreement. This Agreement is the entire agreement between Employee and the Company concerning the subjects contained in it, and supersedes all other agreements and understandings, whether oral or written, regarding those subjects. In signing this Agreement, Employee has not relied on any promises or representations other than those set forth in this Agreement.
21.    Binding and Successors. The Parties agree that this Agreement shall be binding on, and inure to the benefit of, Employee’s and Company’s successors, heirs and/or assigns whether by merger, consolidation, or transfer of all or substantially all of Company’s assets.
22.    Choice of Law and Venue.  To the full extent permitted by law, the parties agree that all disputes between the Company and Employee relating to this Agreement will take place exclusively in the State of Illinois, and Employee 
4

consents to the personal and subject matter jurisdiction of federal and/or state courts in Cook County, Illinois.  The parties further agree that this Agreement, and the parties’ performance hereunder and the relationship between them shall be governed by, construed and enforced in accordance with the laws of the State of Illinois, without regard to the conflict of law rules thereof.  The Parties waive their rights to a jury trial to the full extent permitted by law.  
23.    Modification Only by Written Agreement. This Agreement may not be changed in any way except in a written agreement signed by both Employee and an authorized representative of the Company. 
24.    Knowing and Voluntary. Employee has carefully read and fully understands all of the provisions of this Agreement; knows and understands the rights Employee is giving up by signing this Agreement; and has entered into the Agreement knowingly and voluntarily.
25.    Counterparts. This Agreement may be executed in counterparts, and each counterpart shall have the same force and effect as an original and shall constitute an effective, binding agreement on the part of each of the undersigned. 

[Signatures on following page]

5

PLEASE READ CAREFULLY

1.THIS GENERAL RELEASE AND SETTLEMENT AGREEMENT IS A RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS, INCLUDING CLAIMS OF AGE DISCRIMINATION. IT DOES NOT WAIVE CLAIMS WHICH MAY ARISE AFTER THE DATE IT IS SIGNED OR CLAIMS SPECIFICALLY EXCLUDED;

2.EMPLOYEE IS WAIVING CLAIMS IN EXCHANGE FOR MONEY AND/OR BENEFITS TO WHICH HE IS NOT ALREADY ENTITLED;

3.EMPLOYEE IS ADVISED TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS GENERAL RELEASE AND SETTLEMENT AGREEMENT;

4.EMPLOYEE HAS 21 DAYS TO DECIDE WHETHER TO SIGN THIS GENERAL RELEASE AND SETTLEMENT AGREEMENT; AND

5.WITHIN SEVEN (7) DAYS AFTER SIGNING THIS GENERAL RELEASE AND SETTLEMENT AGREEMENT, EMPLOYEE MAY CHANGE HIS MIND AND REVOKE THIS GENERAL RELEASE AND SETTLEMENT AGREEMENT BY GIVING WRITTEN NOTICE TO THE COMPANY. THIS GENERAL RELEASE AND SETTLEMENT AGREEMENT SHALL NOT BECOME ENFORCEABLE UNTIL THIS SEVEN-DAY PERIOD HAS EXPIRED.

									
	/s/ Kevin Smith		March 14, 2022
	Kevin Smith, Employee		Date
			
	/s/ Elizabeth A. Aguinaga	By	March 14, 2022
	Elizabeth A. Aguinaga
Executive Vice President and
Chief Human Resources Officer for CNA Financial Corporation		Date

6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00344-of-00352.parquet"}]]