Company: NWBI
Filing Date: 2025-01-27
Form Type: S-4
Source: 0001193125-25-012768
Chunk: 230

Company: Northwest Bancshares, Inc.
Filing Date: 2025-01-27
Form: S-4
Chunk 230
---
 the same extent as if such debts, liabilities and duties had been incurred or contracted by it.

10. . This Agreement shall be terminated upon the agreement of the parties hereto. In addition, this Agreement shall
terminate automatically upon termination of the Merger Agreement prior to the consummation of the Parent Merger.

11. .
The respective obligations of each party hereto to effect the Jersey Shore State Bank Merger shall be subject to: (a) the consummation of the Parent Merger; and (b) the receipt of all approvals and consents of regulatory authorities
required by law to effect the Jersey Shore State Bank Merger.

12. . On or before the Effective Time, the parties may
amend, modify or supplement this Plan of Merger in the manner as may be agreed upon between the parties in writing.

13. . This Agreement may be executed in one or more counterparts (including by facsimile or other electronic means), each of which shall be deemed to be an original but all of which together shall constitute one agreement.

14. . This Agreement shall be governed in all respects by the laws of the Commonwealth of Pennsylvania.

A-79

15. . Any of the terms or conditions of this Agreement may be waived at any
time by the party that is entitled to the benefit thereof.

16. . This Agreement may not be assigned by any party hereto
without the prior written consent of the other party.

[Signature Page Follows]

A-80

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their duly authorized officers as of the date set forth above.

| NORTHWEST BANK |     |                                     |     | JERSEY SHORE STATE BANK |     |                          |
| By:            |     |                                     |     | By:                     |     |                          |
|                |     | Louis J. Torchio, President and CEO |     |                         |     | Richard A. Grafmyre, CEO |

A-81

Annex B December 16, 2024 Board of Directors Penns Woods Bancorp, Inc. 300 Market Street PO Box 967 Williamsport, PA 17703 Dear Members of the Board: We have acted as your financial advisor in connection with the proposed merger (the “Transaction”) of Penns Woods Bancorp, Inc. (the “Company”) with and into Northwest Bancshares, Inc. (the “Buyer”). You have requested that we provide our opinion (the “Opinion”)