Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 96

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 96
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 the covenants of First Merchants have been complied with in all material respects from the date of the Merger Agreement through and as of the Effective Time; and 
 (c) that the conditions under “Conditions Applicable to Both Parties” applicable to First Merchants have been satisfied; and                                                                                                                          |

| 2. | First Savings must have received an opinion of Luse Gorman, PC that, for U.S. federal income tax purposes, the                                                                                                                                   
 Merger will be treated as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code, each of First Savings and First Merchants will be a party to such reorganization within the meaning of                           
 Section 368(b) of the Code, and no gain or loss will be recognized by holders of First Savings common stock upon the receipt of shares of First Merchants common stock in exchange for their shares of First Savings common stock, except to the 
 extent of any cash received in lieu of fractional shares of First Merchants common stock.                                                                                                                                                        |

Conditions Applicable to First Merchants First Merchants’ obligation to complete the Merger is subject to the satisfaction of the following additional conditions, at or prior to the effective time of the Merger:

| 1. | First Merchants must have received a certificate signed by the Chief Executive Officer and Secretary of First                                                                                                                                           
 Savings, dated the Effective Time, certifying (a) that all of the representations and warranties made by First Savings in the Merger Agreement are true, accurate, and correct in all material respects on and as of the Effective Time, except that    
 representations and warranties that are qualified by materiality or a Material Adverse Effect must be true and correct in all respects (except that those representations and warranties that address matters only as of an earlier date shall be true, 
 accurate, and correct as of such earlier date); (b) all the covenants of First Savings have been complied with in all material respects from the date of the Merger Agreement through and as of the Effective Time; (c) that the conditions under       
 “Conditions Applicable to Both Parties” applicable to First Savings have been satisfied; and (d) the number of shares of First Savings common stock that are issued and outstanding as of the effective time of the Merger; and                         |

| 2. | First Merchants must have received an opinion of Dentons Bingham Greenebaum LLP that, for U.S. federal income                                                                                                                                    
 tax purposes, the Merger will be