Company: NWFL
Filing Date: 2025-09-19
Form Type: S-4
Source: 0001193125-25-208580
Chunk: 369

Company: NORWOOD FINANCIAL CORP
Filing Date: 2025-09-19
Form: S-4
Chunk 369
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 or by reason of this Agreement.

Section 11.3 . All notices or other communications
which are required or permitted hereunder shall be in writing and sufficient if delivered personally, sent by a nationally recognized overnight delivery service or sent by first class or registered or certified mail, postage prepaid, telegram or
telex or other facsimile transmission addressed as follows:

If to Bankshares:

PB Bancshares, Inc.

185 E.
Lincoln Highway

Coatesville, Pennsylvania 19320

Attention: Janak M. Amin, President and Chief Executive Officer

Email: jamin@presencebank.com

With a copy to:

Barley Snyder,
LLP

126 East King Street

Lancaster, Pennsylvania 17602

Attn: Kimberly J. Decker, Esq.

Email: kdecker@barley.com

If to
Norwood, then to:

Norwood Financial Corp

717 Main Street

Honesdale,
Pennsylvania 18431

Attention: James O. Donnelly, President

Email: jim.donnelly@waynebank.com

With a copy to:

Jones Walker
LLP

1 M Street SE

Suite
600

Washington, DC 20003

Attention: John J. Spidi, Esq.

Email: jspidi@joneswalker.com

A-64

All such notices or other communications shall be deemed to have been delivered (i) upon receipt when
delivery is made by hand, (ii) on the business day after being deposited with a nationally recognized overnight delivery service, (iii) on the third (3rd) business day after deposit in the United States mail when delivery is made by first
class, registered or certified mail, and (iv) upon transmission when made by facsimile transmission or email if evidenced by a sender transmission completed confirmation.

Section 11.4 . If any term, provision, covenant or restriction contained in this Agreement
is held by a court of competent jurisdiction or other competent authority to be invalid, void or unenforceable or against public or regulatory policy, the remainder of the terms, provisions, covenants and restrictions contained in this Agreement
shall remain in full force and effect and in no way shall be affected, impaired or invalidated, if, but only if, pursuant to such remaining terms, provisions, covenants and restrictions the Merger may be consummated in substantially the same manner
as set forth in this Agreement as of the later of the date this Agreement was executed or