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

Company: FIRST MERCHANTS CORP
Filing Date: 2025-09-25
Form: 425
Chunk 25
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 constitute the legal, valid and binding obligation of the obligor and any
guarantor named therein; (iii) are evidenced by notes, instruments or other evidences of indebtedness which are true, genuine and what they purport to be; and (iv) to the extent that the Bank has a security interest in collateral or a
mortgage securing such loans, are secured by perfected security interests or mortgages naming the Bank as the secured party or mortgagee, except for such unperfected security interests or mortgages naming the Bank as secured party or mortgagee which
would not, on an aggregate basis, be material to the Bank.

5.9 . Except for events and conditions
relating to the business and interest rate environment in general, the accrual or payment of Merger-related expenses, or as set forth in the First Savings Disclosure Letter, since June 30, 2025, no events have occurred which could reasonably be
expected to have a Material Adverse Effect. Except as set forth in the First Savings Disclosure Letter, between the period from June 30, 2025 to the date of this Agreement, First Savings and each Subsidiary have carried on their respective
businesses in the ordinary and usual course consistent with their past practices (excluding the incurrence of fees and expenses of professional advisors related to this Agreement and the transactions contemplated hereby) and there has not been any
declaration, setting aside or payment of any dividend or other distribution (whether in cash, stock or property) with respect to First Savings’s Common Stock (other than normal quarterly cash dividends) or any split, combination or
reclassification of any stock of First Savings or any Subsidiary or, with the exception of the issuance of shares in the ordinary course of business consistent with past practice, any issuance or the authorization of any issuance of any securities
in respect of, or in lieu of, or in substitution for First Savings’s or any Subsidiary’s common shares or equity interests, as applicable.

5.10 . Except as set forth in the First Savings Disclosure Letter, neither First Savings nor the Bank
has any liabilities, whether accrued, absolute, contingent, or otherwise, existing or arising out of any transaction or state of facts existing on or prior to the date hereof, including any liabilities related to that certain Flow Loan Purchase
Agreement dated as of April 24, 2025, by and between the Bank and Alliant Credit Union, except (a) as and to the extent disclosed, reflected