Company: CCNE
Filing Date: 2025-01-10
Form Type: 425
Source: 0001193125-25-004105
Chunk: 98

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-01-10
Form: 425
Chunk 98
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B to such effect.

(b) . CNB and CNB Bank shall have performed in all material respects all obligations required to be
performed by it under this Agreement at or prior to the Closing Date, and ESSA shall have received a certificate, dated the Closing Date, signed on behalf of CNB by the Chief Executive Officer and the Chief Financial Officer of CNB to such effect.

(c) . The CNB Voting Agreements shall have been executed and delivered by each director and executive officer
set forth on concurrently with CNB’s execution and delivery of this Agreement and shall remain in effect and not have been revoked as of the Effective Time.

(d) . CNB shall have furnished ESSA with such certificates of its respective officers or others and such other documents
to evidence fulfillment of the conditions set forth in and as ESSA may reasonably request.

48

Section 6.04 . Neither CNB nor ESSA may rely on
the failure of any condition set forth in , or , as the case may be, to be satisfied if such failure was caused by such party’s
failure to use reasonable best efforts to consummate any of the transactions contemplated by this Agreement, as required by and subject to this Article VI.

ARTICLE VII

TERMINATION

Section 7.01 . This Agreement may be terminated, and the transactions contemplated by this Agreement may be abandoned:

(a) . At any time prior to the Effective Time, by the mutual consent of CNB and ESSA.

(b) . By CNB or ESSA, in the event the approval of any Governmental Authority required for consummation of the
transactions contemplated by this Agreement shall have been denied by final, nonappealable action by such Governmental Authority or an application therefor shall have been permanently withdrawn at the request of a Governmental Authority.

(c) . By either CNB or ESSA (provided that the terminating party shall not be in material breach of any of its
obligations under ), if the approval of the shareholders required to satisfy either of the conditions set forth in of
for the consummation of the transactions contemplated by this Agreement shall not have been obtained by reason of the failure to obtain the required vote at a duly held meeting of such ESSA shareholders in the case of the ESSA Meeting, or such CNB
shareholders in the case of the CNB Meeting, or at any adjournment or postponement of the ESSA Meeting or the CNB Meeting