Company: FRME
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001193125-25-268801
Chunk: 180

Company: FIRST MERCHANTS CORP
Filing Date: 2025-11-06
Form: 424B3
Chunk 180
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 respect to this Agreement and the Merger, and/or (B) terminate this Agreement in order to
concurrently enter into an agreement with respect to such Superior Acquisition Proposal; , , that First Savings’s Board of Directors may not terminate this Agreement pursuant to this Section 7.5(b) unless and
until (x) five (5) business days have elapsed following the delivery to First Merchants of a written notice of such determination by First Savings’s Board of Directors and during such five
(5) business-day period, First Savings and the Subsidiaries otherwise cooperate with First Merchants with the intent of enabling the parties to engage in good faith negotiations so that the Merger and
other transactions contemplated hereby may be effected and (y) at the end of such five (5) business-day period First Savings’s Board of Directors continues reasonably to believe the Acquisition
Proposal at issue constitutes a Superior Acquisition Proposal. A “Superior Acquisition Proposal” shall mean any Acquisition Proposal containing terms which First Savings’s Board of Directors determines in its good faith
judgment (based on the advice of Piper Sandler & Co. or another independent financial advisor) to be more favorable to First Savings’s shareholders than the Merger and for which financing, to the extent required, is then committed or
which, in the good faith judgment of First Savings’s Board of Directors, is reasonably capable of being obtained by such third party, but shall exclude any Acquisition Proposal the terms of which (i) were initially made known to First
Savings’s Board of Directors prior to the date of this Agreement and (ii) have not been materially changed after the date of this Agreement to be more favorable to First Savings’s shareholders.

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(c) In addition to the obligations of First Savings set forth in Sections
7.5(a) and (b), First Savings shall advise First Merchants orally and in writing as soon as reasonably practicable of any request (whether oral or in writing) for information or of any inquiries, proposals, discussions or indications of interest
(whether oral or in writing) with respect to any Acquisition Proposal, the material terms and conditions of such request or Acquisition Proposal and the identity of the person or entity making such request or Acquisition Proposal. First Savings
shall keep First Merchants reasonably informed of the status and details (including amendments or proposed amendments) of any such request or Acquisition Proposal, including the status of any discussions or negotiations with respect to any Superior
Acquisition Proposal.

7.6 . In connection with the execution