Company: FRME
Filing Date: 2025-09-25
Form Type: 425
Source: 0001193125-25-216443
Chunk: 84

Company: FIRST MERCHANTS CORP
Filing Date: 2025-09-25
Form: 425
Chunk 84
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 Merchants will be a party to such reorganization within the meaning of Section 368(b) of the Code; and (c) no gain
or loss will be recognized by holders of First Savings Common Stock upon the receipt of shares of First Merchants Common Stock in exchange for their shares of First Savings Common Stock, except to the extent of any cash received in lieu of
fractional shares of First Merchants Common Stock. Such opinion shall be based on factual representations received by counsel from First Savings and First Merchants in the form of certificates described in Sections 13.10(b) and 13.10(c).

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(b) . First Merchants shall have
received a certificate signed by the Chief Executive Officer and the Chief Financial Officer of First Savings, dated the Effective Time, certifying (a) that all of the representations and warranties of First Savings (disregarding all
materiality and Material Adverse Effect Qualifiers set forth therein) are true, accurate and correct on and as of the Effective Time (except for those representations and warranties which address matters only as of an earlier date, which shall be
true, accurate and correct as of such earlier date), except for any failures to be so true, accurate and correct that do not, in the aggregate, constitute a Material Adverse Effect with respect to First Savings; (b) that all the covenants of
First Savings have been complied with in all material respects from the date of this Agreement through and as of the Effective Time; (c) the conditions described in Section 9.1(a), 9.1(d) (with respect to First Savings) and 9.1(e) above
are satisfied; and (d) the number of shares of its First Savings Common Stock that are issued and outstanding as of the Effective Time.

SECTION 10

TERMINATION OF MERGER

10.1 . This Agreement and the transactions contemplated hereby may be terminated at any time prior to the
Effective Time by written notice delivered by First Merchants to First Savings or by First Savings to First Merchants only for the following reasons:

(a) By the mutual consent of First Merchants and First Savings;

(b) By First Merchants or First Savings in the event of either: (i) a breach by the other party of any representation or
warranty contained herein which breach, if uncured, would result in the failure of any condition set forth in Section 9.2 (if termination is by First Savings) or Section 9.3