Company: FRME
Filing Date: 2025-10-17
Form Type: S-4/A
Source: 0001193125-25-242318
Chunk: 187

Company: FIRST MERCHANTS CORP
Filing Date: 2025-10-17
Form: S-4/A
Chunk 187
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 counsel, required by the trustee to make such assumptions effective.

8.14 . Prior to the Effective Time, First Merchants shall take such steps as may be necessary or appropriate to cause
any acquisition of securities of First Merchants by the person who will join the First Merchants Board of Directors, and any other director, officer or employee of First Savings who will, following the Effective Time, be subject to Section 16
under the Exchange Act with respect to First Merchants,

A-41

in connection with the consummation of the Merger to be exempt under Rule 16b-3 promulgated under the 1934 Act.

8.15 . Promptly following the Effective Time, FMB shall form a new Bank Advisory Board of FMB (the “Advisory Board”), which shall remain in existence for at least three years after the Effective Time. Promptly following the Effective Time, FMB shall invite directors of First Savings who were serving in such capacity immediately prior to the
Effective Time, other than the director of First Savings contemplated by Section 8.12 (the selection of such directors to be mutually agreed to by First Merchants and First Savings), to join the Advisory Board. Each member of the Advisory Board
shall be elected/appointed for a one-year term and shall be eligible for reelection/reappointment. Each member of the Advisory Board shall receive cash compensation of Two Thousand Five Hundred Dollars
($2,500) for each meeting attended. The appointment and renominations will be consistent with all applicable corporate governance policies and guidelines of First Merchants, including each member of the Advisory Board entering into an FMB Regional
Bank Director Agreement and each member’s compliance with FMB’s Regional Bank Directors Expected Roles and Responsibilities.

SECTION 9

CONDITIONS PRECEDENT TO THE MERGER AND THE BANK MERGER

9.1 . The obligation of each of the parties to effect the Merger is subject to the satisfaction
or waiver of each of the following conditions at or prior to the Effective Time:

(a) . The
holders of First Savings Common Stock shall have approved this Agreement and Plan of Merger as required by applicable law.

(b) . First Merchants shall have registered its shares of First Merchants Common Stock
to be issued to shareholders of First Savings in accordance with this Agreement with the SEC pursuant to the 1933 Act, and all state securities and “blue sky” approvals and authorizations required to offer and sell such shares, if any,
shall have been received by First Merch