Company: FRME
Filing Date: 2025-10-10
Form Type: S-4
Source: 0001193125-25-237211
Chunk: 123

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-10
Form: S-4
Chunk 123
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 Agreement and authorized its
execution; and

WHEREAS, for federal income tax purposes, it is intended that the merger of First Savings with and into First
Merchants shall qualify as a “reorganization” within the meaning of Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”), and First Merchants and First Savings desire to and hereby adopt
this Agreement as a “plan of reorganization” for purposes of Sections 354 and 361 of the Code;

NOW, THEREFORE, in
consideration of the mutual promises, covenants, and agreements herein contained and other good and valuable consideration, the receipt of which is hereby acknowledged, First Merchants and First Savings hereby make this Agreement and prescribe the
terms and conditions of the merger

A-1

of First Savings with and into First Merchants and the merger of the Bank with and into FMB and the mode of carrying the transactions into effect as follows:

SECTION 1

THE MERGERS

1.1 . Subject to the terms and conditions of this Agreement, at the Effective Time (as defined in
Section 11 hereof), First Savings shall be merged with and into First Merchants pursuant to the terms and conditions of this Agreement and otherwise in accordance with the Indiana Business Corporation Law (the “Merger”).
First Merchants, as the continuing corporation, shall sometimes be referred to herein as the “Continuing Company” and shall continue its corporate existence under the laws of the State of Indiana, pursuant to the provisions of and
with the effect provided in the Indiana Business Corporation Law and particularly Indiana Code § 23-1-40.

1.2 . Subject to the terms and conditions of this Agreement, immediately following the Effective Time, the Bank shall be
merged with and into FMB pursuant to the terms and conditions of the Agreement and Plan of Merger attached hereto as (the “Bank Merger Agreement”) and otherwise in accordance with 12 U.S.C. §1828(c), and the
Indiana Financial Institutions Act, as amended, together with any regulations promulgated thereunder (the “Bank Merger”).

1.3 . The parties may, at any time prior to the Effective Time, change the method of effecting the Merger or the
Bank Merger if and to the extent the parties mutually deem such change to be desirable, including, without limitation, to provide for the merger of First Savings into a wholly-owned subsidiary of First Merchants and/or the