Company: FRME
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001193125-25-268801
Chunk: 127

Company: FIRST MERCHANTS CORP
Filing Date: 2025-11-06
Form: 424B3
Chunk 127
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 be cancelled as of the day immediately preceding the Effective Time without any payment. First Savings shall prohibit the exercise of any First Savings Option on
and after the third (3) trading day immediately preceding the Effective Time. For purposes hereof, “Per Share Cash Equivalent Consideration” means the Exchange Ratio (as
adjusted pursuant to Section 3.3) multiplied by the First Merchants Average Price.

SECTION 4

NO DISSENTING SHAREHOLDERS

Holders of shares of First Savings Common Stock, pursuant to the Indiana Business Corporation Law, First Savings’s Articles of
Incorporation or Bylaws, contract or otherwise, do not have, and the Board of Directors of First Savings have not taken any action that would cause any holder of shares of First Savings Common Stock to have, the right of a shareholder to dissent and
obtain payment for shares under Section 23-1-44 of the Indiana Business Corporation Law or any successor statute.

SECTION 5

REPRESENTATIONS AND

WARRANTIES OF FIRST SAVINGS

Except (i) as disclosed in the First Savings Disclosure Letter or (ii) as disclosed in any registration statement, prospectus,
report, schedule or definitive proxy statement filed with or furnished to the Securities and Exchange Commission (the “SEC”) by First Savings between January 1, 2024 and the date hereof (but disregarding disclosures of risks
under the heading “Risk Factors” or in any “forward-looking statements” disclaimer or any other statements that are similarly nonspecific or cautionary, predictive or forward-looking in nature), First Savings hereby makes the
representations and warranties set forth below to First Merchants with respect to itself and the Subsidiaries. For the purposes of this Agreement, “First Savings Disclosure Letter” is defined as the disclosure letter
prepared by First Savings and delivered to First Merchants contemporaneously with the execution of this Agreement.

5.1 . First Savings, the Bank, and Southern are each a corporation duly organized and validly existing under the laws of the State of Indiana. Investments is a corporation duly organized and validly existing under the laws of the State
of Nevada. Q2 is a limited liability company duly organized and validly existing under the laws of the State of Indiana. Crimson is a limited liability company duly organized and validly existing under the laws of the Commonwealth of Kentucky. First
Savings and each of the Subsidiaries have the corporate power and authority to conduct their respective businesses in the manner and by the means