Company: FRME
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001193125-25-268801
Chunk: 100

Company: FIRST MERCHANTS CORP
Filing Date: 2025-11-06
Form: 424B3
Chunk 100
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 Index Price” means the average of the closing price of the Index on each of 10 consecutive trading days immediately preceding the Determination Date. “FMC Market Value” shall be the average of the daily closing sales prices of a share of First Merchants Common Stock as reported on NASDAQ for the 10 consecutive trading days immediately preceding the Determination Date. “Index” means the NASDAQ Bank Index; provided, however, that if the NASDAQ Bank Index is not available for any reason, “Index” shall mean such substitute or similar index as substantially replicates the NASDAQ Bank Index. “Initial FMC Market Value” means the average of the daily closing sales prices of a share of First Merchants Common Stock, as reported on NASDAQ, for the 10 consecutive trading days immediately preceding the date of the Merger Agreement. “Initial Index Price” means the average of the closing prices of the Index for the 10 consecutive trading days immediately preceding the date of the Merger Agreement. If First Merchants or any company belonging to the Index declares or effects a stock split, stock dividend, recapitalization, reclassification, or similar transaction with respect to the outstanding common stock, and the record date therefor shall be after the date of the Merger Agreement and prior to the Determination Date, the prices for the common stock of such company shall be proportionately and appropriately adjusted for the purpose of applying item 13. 68

Upon termination for any of these reasons, the Merger Agreement will be void and of no further force or effect. However, if either First Merchants or First Savings willfully breaches any of the representations and warranties or agreements set forth in the Merger Agreement, then the other party will be entitled to recover appropriate damages for the breach. Notwithstanding the foregoing, if First Merchants terminates the Merger Agreement under items 10, 11 or 12 above or if First Savings terminates the Merger Agreement in accordance with item 9 above, First Savings must pay First Merchants $10,000,000 as a termination fee to reimburse First Merchants for the considerable time and expense invested by First Merchants in furtherance of the Merger. First Merchants and First Savings can agree to amend the Merger Agreement and can waive their right to require the other party to adhere to the terms and conditions of the Merger Agreement, where the law allows. However, First Merchants and First Savings cannot amend the Merger Agreement after the First Savings shareholders approve the Merger without their further approval if