Company: ONBPP
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001104659-25-007256
Chunk: 154

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-29
Form: S-4/A
Chunk 154
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 continues until 60 days after Bremer receives written notice of the event giving rise to the Bremer purchase option. The closing of any purchase and sale of Bremer Class A common stock contemplated by the Bremer purchase option must occur not later than 120 days after Bremer | ​ | ​ | Not applicable.                  | ​ |

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| ​ | ​ | ​ | Bremer Governing Documents                                                                                                                                                                                                                                                                                                                                                           | ​ | ​ | Old National Governing Documents | ​ |
| ​ | ​ | ​ | exercises its right, or such longer period as reasonably required to obtain any necessary regulatory approvals. If Bremer or its assignee fails to exercise the Bremer purchase option within the option period, the holder of the Bremer Class A common stock may transfer the Bremer Class A common stock in their sole discretion.                                                
 Transferee’s option                                                                                                                                                                                                                                                                                                                                                                  
 In the event of a sale of all or substantially all of the shares of Bremer Class B common stock held by the Otto Bremer Trust, the Otto Bremer Trust, its assignee or the transferee of such stock has the right (the “transferee’s option”), to purchase all shares of Bremer Class A common stock that are outstanding at a cash purchase price equal to the greater of the below: 
 the book value per share as set forth on Bremer’s consolidated balance sheet as of the day of the immediately preceding fiscal quarter;                                                                                                                                                                                                                                              
 the average price per share realized by the Otto Bremer Trust for the sale of its Bremer Class A common stock and Bremer Class B common stock; or                                                                                                                                                                                                                                    
 with respect to any Bremer Class A common stock owned by the Bremer ESOP or any stock owned by a former Bremer ESOP participant which stock was distributed from the Bremer ESOP to such participant within the preceding 15 months, the fair market value of the stock as established by its most recent annual appraisal.                                                          
 The transferee’s option is effective upon written notice of exercise of the option to the holders of Bremer Class A common stock on or subsequent to the date upon                                                                                                                                                                                                                   | ​ | ​ | ​                                | ​ |

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| ​ | ​ | ​ | Bremer Governing Documents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | ​ | ​ | Old National Governing Documents | ​ |
| ​ | ​ | ​ | which the Otto Bremer Trust and the transferee execute a definitive purchase agreement for the Bremer