Company: FRME
Filing Date: 2025-11-06
Form Type: 424B3
Source: 0001193125-25-268801
Chunk: 102

Company: FIRST MERCHANTS CORP
Filing Date: 2025-11-06
Form: 424B3
Chunk 102
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 or consolidate with or, other than in the ordinary course of business consistent with past practice (including the sale, transfer, or disposal of other real estate owned), sell their assets or securities to any other person or entity 
 or effect a share exchange or enter into any transaction not in the ordinary course of business;                                                                                                                                                          |

| 5. | incur any liability or obligation, make any commitment, payment, or disbursement, enter into any contract or                                                                                                                                           
 agreement, or acquire or dispose of any property, other than real estate owned, or asset having a fair market value in excess of $500,000 except for payments and disbursements made in the ordinary course of business consistent with past practice, 
 property acquired or disposed of in                                                                                                                                                                                                                    |

69

| connection with foreclosures of mortgages or enforcement of security interests, loans in the ordinary course of business, and deposit liabilities and advances from the Federal Home Loan Bank in 
 each case in the ordinary course of business;                                                                                                                                                     |

| 6. | subject any of their assets or properties to any mortgage, lien, or encumbrance, except in the ordinary course 
 of business consistent with past practice;                                                                     |

| 7. | promote or increase or decrease the rate of compensation or enter into any agreement to promote or increase or                                                                                                                          
 decrease the rate of compensation of any director, officer, or employee of First Savings or First Savings Bank, except for promotions and any increases in the ordinary course of business and in accordance with their past practices; |

| 8. | subject to certain exceptions, execute, create, institute, modify, or amend any employee benefit plan or                                                                                                                                               
 agreement for current or former directors, officers, or employees of First Savings or any Subsidiary, change the level of benefits or payments under any such employee benefit plan or agreement, or increase or decrease any severance or termination 
 pay benefits or any other fringe or employee benefits or pay any bonuses other than as specifically provided in the Merger Agreement;                                                                                                                  |

| 9. | amend their Articles of Incorporation or Bylaws from those in effect on the date of the Merger Agreement; |

| 10. | subject to certain exceptions, modify, amend, or institute new employment practices (other than in the ordinary                                                                                                                                        
 course of business consistent with past practice) or enter into, renew, modify, amend, or extend any employment or severance agreement with any present or former directors, officers, or employees of First Savings or any Subsidi