Company: ONBPP
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001104659-25-007256
Chunk: 128

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-29
Form: S-4/A
Chunk 128
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 Bremer board of directors has breached its obligations relating to shareholder approval or the non-solicitation of acquisition proposals in any material respect.

Except in the case of actual and intentional fraud or willful and material breach, the maximum aggregate amount of fees, liabilities or damages payable by Bremer under the merger agreement will be equal to the termination fee (together with any costs, fees and interest as specified in the merger agreement), as applicable, and in no event shall Bremer be required to pay the termination fee on more than one occasion.

#### Expenses and Fees
Except as otherwise provided in the merger agreement, all costs and expenses incurred in connection with the merger agreement and the transactions contemplated thereby will be paid by the party incurring such expense. The merger agreement provides that all filing and other fees paid to the SEC or any other governmental entity in connection with the mergers, the bank merger and the other transactions contemplated by the merger agreement will be borne equally by Old National and Bremer.

Amendment, Waiver and Extension of the Merger Agreement

Subject to compliance with applicable law, the merger agreement may be amended by the parties, by action taken or authorized by their respective boards of directors, at any time before or after the receipt of the requisite vote of the Bremer shareholders, except that after the receipt of the requisite vote of the Bremer shareholders, there may not be, without further approval of the Bremer shareholders, any amendment to the merger agreement that requires such further approval of such shareholders under applicable law.

At any time prior to the effective time of the mergers, each of the parties may, to the extent legally allowed, (i) extend the time for the performance of any of the obligations or other acts of the other party, (ii) waive any inaccuracies in the representations and warranties of the other party contained in the merger agreement or in any document delivered by such other parties pursuant to the merger agreement, and (iii) waive compliance with any of the agreements or satisfaction of any conditions contained in the merger agreement, except that after the receipt of the requisite Bremer vote, there may not be, without further approval of the Bremer shareholders, any extension or waiver of the merger agreement or any portion thereof that requires such further approval of such shareholders under applicable law.

#### Governing Law
The merger agreement is governed by and will be construed in accordance with the laws of the State of Indiana, without regard to any applicable conflicts of law, except the first step and second step Minnesota articles of merger will be governed by the laws