Company: FRME
Filing Date: 2025-10-17
Form Type: S-4/A
Source: 0001193125-25-242318
Chunk: 95

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-17
Form: S-4/A
Chunk 95
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 of shares of First Savings common stock as payment for the exercise price of stock options or for withholding taxes incurred in connection with the exercise of stock options or the vesting or settlement of equity compensation awards, in 
 each case, in accordance with past practice and the underlying option or award agreements;                                                                                                                                                              |

| 2. | authorize an additional class of stock or issue, or authorize the issuance of any capital stock or any options                                                                                                                                            
 or other instruments convertible into shares of capital stock, except in connection with the appropriate exercise of options outstanding as of the date of the Merger Agreement and the grant of any restricted shares in the ordinary course of business 
 and in amounts consistent with past practice;                                                                                                                                                                                                             |

| 3. | declare, distribute, or pay any dividends, authorize a stock split, or make any other distribution to their                                                                                                                                    
 shareholders, except for: (i) First Savings’ quarterly cash dividend in an amount not to exceed $0.16 per share; and (ii) dividends declared and paid by any Subsidiary; provided, however, First Savings and First Merchants will             
 coordinate their respective dividend schedules for the quarter in which the Merger is completed so that (x) holders of First Savings common stock do not receive dividends on both First Merchants common stock and First Savings common stock 
 attributable to the same calendar quarter and (y) First Merchants does not accelerate the record date of First Merchants’ standard quarterly dividend in a manner designed to cause holders of First Savings common stock to fail to receive   
 dividends on either First Savings common stock or First Merchants common stock with respect to a calendar quarter;                                                                                                                             |

| 4. | except for the fiduciary obligations of First Savings to entertain a superior third-party acquisition proposal,                                                                                                                                           
 merge, combine, or consolidate with or, other than in the ordinary course of business consistent with past practice (including the sale, transfer, or disposal of other real estate owned), sell their assets or securities to any other person or entity 
 or effect a share exchange or enter into any transaction not in the ordinary course of business;                                                                                                                                                          |

| 5. | incur any liability or obligation, make any commitment, payment, or disbursement, enter into any contract or                                                                                                                                           
 agreement, or acquire or dispose of any property, other than real estate owned, or asset having a fair market value in excess of $500,000 except for payments and disbursements made in the ordinary course of business consistent with past practice, 
 property acquired or