Company: ONBPP
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001104659-25-007256
Chunk: 125

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-29
Form: S-4/A
Chunk 125
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 other party to such effect);

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the performance by the other party in all material respects of all obligations and covenants required to be performed by it under the merger agreement at or prior to the date on which the mergers are completed (and the receipt by each party of an officers’ certificate from the other party to such effect);

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receipt by each party of an opinion of legal counsel to the effect that on the basis of facts, representations and assumptions set forth or referred to in such opinion, the mergers, taken together, will qualify as a “reorganization” within the meaning of Section 368(a) of the Code; and

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solely with respect to Old National’s obligation to close, Bremer’s adjusted tangible shareholder’s equity as of the month-end at least five business days before the date on which the last of the other closing conditions is satisfied being equal to or exceeding $1.3 billion.

Neither Bremer nor Old National can provide assurance as to when or if all of the conditions to the mergers can or will be satisfied or waived by the appropriate party.

#### Termination of the Merger Agreement
The merger agreement can be terminated at any time prior to the consummation of the mergers, whether before or after the receipt of the requisite Bremer vote of its shareholders at the special meeting of shareholders, in the following circumstances:

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by mutual written consent of Old National and Bremer;

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by either Old National or Bremer if any governmental entity that must grant a requisite regulatory approval has denied approval of the mergers or the bank merger and such denial has become final and nonappealable or any governmental entity of competent jurisdiction has issued a final and nonappealable order, injunction, decree or other legal restraint or prohibition permanently enjoining or otherwise prohibiting or making illegal the mergers or the bank merger, unless the failure to obtain a requisite regulatory approval is due to the failure of the party seeking to terminate the merger agreement to perform or observe its covenants and agreements under the merger agreement;

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by either Old National or Bremer if the mergers have not been completed on or before November 25, 2025, unless the failure of the mergers to be completed by such date is due to the failure of the party seeking to terminate the merger agreement to perform or observe its covenants and agreements under the merger agreement; provided that, if on such date, the closing conditions relating to the requisite regulatory approvals shall not have been satisfied or waived, but all other conditions to closing have