Company: CCNE
Filing Date: 2025-01-10
Form Type: 425
Source: 0001193125-25-004105
Chunk: 96

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-01-10
Form: 425
Chunk 96
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, materially reduce the benefits of the Merger to such a degree that CNB, on the one hand, or ESSA, on the other hand, would not have entered into this Agreement had such condition, restriction or requirement been known at the date hereof.

(b) . The Merger Registration Statement shall have been declared effective by the SEC and
no stop order with respect thereto shall be in effect.

(c) . The shares of CNB Stock issuable pursuant to this
Agreement shall have been approved for listing on NASDAQ, subject to official notice of issuance.

(d) . No judgment, order, injunction or decree issued by any court or agency of competent jurisdiction or other legal restraint or prohibition preventing the consummation of any of the transactions contemplated by this Agreement shall be
in effect. No statute, rule, regulation, order, injunction or decree shall have been enacted, entered, promulgated or enforced by any Governmental Authority that prohibits or makes illegal the consummation of any of such transactions.

(e) . CNB shall have received a letter setting forth the written opinion of Hogan Lovells US LLP (or such other counsel
reasonably acceptable to ESSA) in and form and substance reasonably satisfactory to CNB, dated as of the Closing Date, and ESSA shall have received a letter setting forth the written opinion of Luse Gorman, PC (or such other counsel reasonably
acceptable to CNB) in form and substance reasonably satisfactory to ESSA, dated as of the Closing Date, in each case substantially to the effect that, on the basis of the facts, representations and assumptions set forth in such letter, the Merger
will constitute a tax free reorganization described in Section 368(a) of the Code.

(f) .

(i) This Agreement shall have been duly approved by the requisite vote of the holders of outstanding shares of ESSA Stock.

(ii) The CNB Share Issuance shall have been duly approved by the requisite vote of the holders of outstanding shares of CNB Stock.

47

Section 6.02 . The obligations of CNB to
consummate the Merger also are subject to the fulfillment or written waiver by CNB prior to the Closing Date of each of the following conditions:

(a) . The representations and warranties of ESSA and ESSA Bank set forth in this Agreement shall be true
and correct in all material respects as of the date of this Agreement and (except to the extent such representations and warranties speak as of an