Company: ONBPP
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001104659-25-007256
Chunk: 155

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-29
Form: S-4/A
Chunk 155
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 Class B common stock. The period to exercise the transferee’s option will continue for 60 days following the effective date of the sale of Bremer Class B common stock. The purchase and sale of Bremer Class A common stock pursuant to the transferee’s option must occur within 120 days following the exercise of the transferee’s option, or such longer period as reasonably required to obtain any necessary regulatory approvals.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
 Put option to transferee                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 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, each holder of Bremer Class A common stock has the right (the “put option to transferee”), to sell all of its Bremer Class A common stock shares to the Otto Bremer Trust or the Otto Bremer Trust’s designated assignee for a total cash purchase price per share equal to the average sales 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. The put option to transferee is effective commencing with the date on which the Otto Bremer Trust and its transferee execute an agreement providing for the sale of the Bremer Class B common stock and will continue for 30 days following the date on which the holder of Bremer Class A common stock receives written notice from the Otto Bremer Trust of the event giving rise to the put option to transferee. Holders of Bremer Class A common stock that wish to exercise their put option to transferee must provide written notice to the Otto Bremer | ​ | ​ | ​                                | ​ |

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TABLE OF CONTENTS

| ​ | ​ | ​ | Bremer Governing Documents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | ​ | ​ | Old National Governing Documents | ​ |
| ​ | ​ | ​ | Trust, its assignee or the transferee of such intent during the option period. The closing of the purchase and sale of Bremer Class A common stock pursuant to the put option to transferee (as determined by the Otto Bremer Trust, its assignee or transferee as the case may be) must occur on or before 60 days following the closing date of the sale of Bremer Class B common stock by the Otto Bremer Trust, or such later date as reasonably required to obtain any necessary regulatory approvals. 
 Put option to Bremer                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
 Upon the occurrence of certain events described below, which we