Company: NWBI
Filing Date: 2025-02-24
Form Type: 424B3
Source: 0001193125-25-033488
Chunk: 97

Company: Northwest Bancshares, Inc.
Filing Date: 2025-02-24
Form: 424B3
Chunk 97
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 | implement or adopt any change in its accounting principles, practices or methods other than as may be required by 
 generally accepted accounting principles;                                                                         |

| • |     | (i) terminate, amend, or waive any provision of, any material contract (“Material Contract”); (ii) make                                                                                                                                               
 any change in any instrument or agreement governing the terms of any of its securities, or material lease or any other Material Contract, other than normal renewals of leases and other Material Contracts without material adverse changes of terms 
 with respect to Penns Woods; (iii) enter into any Material Contract that (A) would constitute a Material Contract if it were in effect on the date of the Merger Agreement or (B) that has a term of one year or longer and that requires             
 payments or other obligations by Penns Woods or any Penns Woods subsidiary of $150,000 or more under the Material Contract; or (iv) enter into any Material Contract if the Material Contract, in the aggregate with all Material Contracts entered   
 into by Penns Woods or any Penns Woods subsidiary from and after the date of the Merger Agreement, would result in aggregate required payments by Penns Woods or any Penns Woods subsidiary in excess of $350,000;                                    |

| • |     | settle any claim, suit, action or proceeding brought against Penns Woods, except for any claim, action or                                                                                                                                              
 proceeding which does not involve precedent for other material claims, suits, actions or proceedings and which involves solely money damages in an amount, individually not to exceed $300,000 or in the aggregate not to exceed $750,000 for all such 
 claims, actions or proceedings, and provide notice to Northwest of at least five (5) business days before commencing any litigation other than in the ordinary course of business;                                                                     |

| • |     | take any action that is intended or is reasonably likely to result in (i) any of its representations and                                                                                                                                        
 warranties set forth in the Merger Agreement being or becoming untrue at any time at or prior to the Effective Time, (ii) any of the conditions to consummation of the Merger set forth in the Merger Agreement not being satisfied, or (iii) a 
 violation of any provision of the Merger Agreement except, in each case, as may be required by applicable law or by any governmental authority;                                                                                                 |

| • |     | implement or adopt any material change in its interest rate and other risk management policies, procedures or                                                                                                                                           
 practices,