Company: CCNE
Filing Date: 2025-03-03
Form Type: S-4/A
Source: 0001193125-25-044149
Chunk: 232

Company: CNB FINANCIAL CORP/PA
Filing Date: 2025-03-03
Form: S-4/A
Chunk 232
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 of the other; or |

| • |     | the expenses incurred by either party in investigating, negotiating, documenting, effecting and consummating the transactions contemplated by the merger agreement. |

Termination The merger agreement may be terminated, and the merger and the transactions contemplated by the merger agreement abandoned as follows:

| • |     | by mutual consent of the parties; |

| • |     | by CNB or ESSA if any regulatory approval required for consummation of the merger and the other transactions contemplated by the merger agreement has been denied by final, nonappealable action of any governmental authority, or an application for regulatory approval has been permanently withdrawn at the request of a governmental authority; |

| • |     | by CNB or ESSA if the approval of the shareholders of CNB and ESSA required to satisfy the closing conditions is not obtained at a duly held shareholder meeting or at any adjournment or postponement thereof (provided that the terminating party is not in material breach of any of its obligations under the shareholder approval provisions in the merger agreement); |

| • |     | by CNB or ESSA if the other party materially breaches any of its representations, warranties, covenants or other agreements set forth in the merger agreement (provided that the terminating party is not then in material breach of any representation, warranty, covenant or other agreement contained in the merger agreement), which breach is not cured within 30 days of written notice of the breach, or by its nature cannot be cured prior to the closing of the merger, and such breach, individually or together with all such other breaches, would entitle the non-breaching party not to consummate the merger; |

| • |     | by CNB if: |

| • |     | ESSA breaches the non-solicitation provisions in the merger agreement; |

| • |     | the ESSA Board of Directors fails to recommend approval of the merger agreement by the ESSA shareholders, or withdraws, modifies or changes such recommendation in a manner adverse to CNB’s interests; |

| • |     | the ESSA Board of Directors recommends, proposes or publicly announces its intention to recommend or propose to engage in an acquisition transaction with any person other than CNB or any of its subsidiaries; or |

| • |     | ESSA materially breaches its obligations under the merger agreement by failing to call, give notice of, convene and hold its special meeting in accordance with the merger agreement; or |

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