Company: ONBPP
Filing Date: 2025-02-03
Form Type: 424B3
Source: 0001104659-25-008430
Chunk: 119

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-03
Form: 424B3
Chunk 119
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 the maximum coverage available at an annual premium equal to the premium cap. In lieu of the foregoing, Bremer, in consultation with Old National, may obtain at or prior to the effective time a six-year “tail” policy under Bremer’s existing directors and officers insurance policy providing equivalent coverage to that described in the preceding sentence if such a policy can be obtained for an amount that, in the aggregate, does not exceed the premium cap.

#### Certain Additional Covenants
The merger agreement also contains additional covenants, including, among others, covenants relating to the filing of this proxy statement/prospectus and regulatory applications, obtaining required Bremer shareholder approval, the listing of the shares of Old National common stock be issued in the mergers, access to information of the other company, advice of changes, exemption from takeover restrictions, shareholder litigation relating to the transactions contemplated by the merger agreement, the coordination of dividend declarations, the assumption by Old National of Bremer’s indebtedness, certain governance matters and public announcements with respect to the transactions contemplated by the merger agreement.

#### Agreement Not to Solicit Other Offers
Bremer has agreed that it will, and will cause its officers, directors, employees, agents, advisors and representatives (collectively, “representatives”), to, immediately cease and cause to be terminated, any

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activities, discussions or negotiations conducted before the date of the merger agreement with any person other than Old National with respect to any acquisition proposal.

Bremer has agreed that it will not, and will cause its subsidiaries and its and their respective representatives not to, directly or indirectly, (i) initiate, solicit, knowingly encourage or knowingly facilitate any inquiries or proposals with respect to any acquisition proposal, (ii) engage or participate in any negotiations concerning any acquisition proposal, (iii) provide any confidential or nonpublic information or data to, or have or participate in any discussions with, any person relating to any acquisition proposal or (iv) unless the merger agreement has been terminated in accordance with its terms, approve or enter into any term sheet, letter of intent, indication of interest, commitment, memorandum of understanding, agreement in principle, acquisition agreement, merger agreement or other agreement (other than a confidentiality agreement referred to and entered into in accordance with the merger agreement) in connection with or relating to any acquisition proposal, except in each case to notify a person that has made or, to the knowledge of Bremer, is making any inquiries with respect to, or is