Company: FRME
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001193125-25-268801
Chunk: 122

Company: FIRST MERCHANTS CORP
Filing Date: 2025-11-06
Form: 424B3
Chunk 122
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2.5
. The title to all assets, real estate and other property owned by First Merchants and First Savings shall vest in the Continuing Company without reversion or impairment. All liabilities of First Savings shall be assumed
by the Continuing Company.

2.6 . If, at any time after the Effective Time, the Continuing Company shall consider
or be advised that any further deeds, assignments or assurances in law or any other acts are necessary or desirable (a) to vest, perfect or confirm, of record or otherwise, in the Continuing Company its right, title or interest in, to or under
any of the rights, properties or assets of First Savings or the Subsidiaries, or (b) otherwise carry out the purposes of this Agreement, First Savings and the Subsidiaries shall be deemed to have granted to the Continuing Company an irrevocable
power of attorney to execute and deliver all such deeds, assignments or assurances in law and to do all acts necessary or proper to vest, perfect or confirm title to and possession of such rights, properties or assets in the Continuing Company and
otherwise to carry out the purposes of this Agreement, and the officers and directors of the Continuing Company are authorized in the name of First Savings or the Subsidiaries to take any and all such action.

SECTION 3

CONSIDERATION TO BE DISTRIBUTED

3.1

(a) . Upon and by reason of the Merger becoming effective, the holders of record, at the
Effective Time, of First Savings common stock, $0.01 par value per share (“First Savings Common Stock”), shall be entitled to receive, in exchange for each share of First Savings Common Stock held, a 0.85 (the“Exchange Ratio”)share of First Merchants’ common stock(“First Merchants Common Stock”) (the “Merger Consideration”). The Exchange Ratio shall be subject to
adjustment as set forth in Section 3.3.

(b) . At the Effective Time, all of the
shares of First Savings Common Stock that, immediately prior to the Effective Time, are issued and outstanding shall, by virtue of the Merger and without any action on the part of First Merchants, First Savings or the holders thereof, be converted
in accordance with subsection (a) above into the right to receive, subject to the other provisions hereof, the Merger Consideration.

3.2 . Fractional shares of First Merchants Common Stock shall not be issued in respect of
fractional