Company: ONBPP
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001104659-25-007256
Chunk: 30

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-29
Form: S-4/A
Chunk 30
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 terminating party and which is not cured within forty-five (45) days following written notice to the party committing such breach, or by its nature or timing cannot be cured during such period (or such fewer days as remain prior to the termination date); or

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by Old National prior to such time as the requisite Bremer vote is obtained, if (i) the Bremer board of directors shall have (a) failed to recommend in this proxy statement/prospectus that the shareholders of Bremer approve the merger agreement, or withheld, withdrawn, modified or qualified such recommendation in a manner adverse to Old National, (b) adopted, approved, recommended or endorsed an alternative acquisition proposal or publicly disclosed its intention to do so, or failed to publicly and without qualification recommend such alternative acquisition proposal or reaffirm its recommendation that the shareholders of Bremer approve the merger agreement, within ten (10) business days (or such fewer number of days as remains prior to the Bremer special meeting) after an alternative acquisition proposal is made public or any request by Old National to do so, or (c) publicly proposed to do any of the foregoing, or (ii) Bremer or Bremer’s board of directors has breached in any material respect its obligations relating to shareholder approval or the non-solicitation of acquisition proposals.

For more information, see “The Merger Agreement — Termination of the Merger Agreement.”

#### Termination Fee (page 74)
If the merger agreement is terminated under certain circumstances Bremer will be required to pay to Old National a termination fee equal to $55,000,000.

For more information, see “The Merger Agreement — Termination Fee.”

The Rights of Bremer Shareholders Will Change as a Result of the Mergers (page 87)

The rights of Bremer shareholders will change as a result of the mergers due to differences in Old National’s and Bremer’s governing documents. The rights of Bremer shareholders are governed by Minnesota law and by Bremer’s restated articles of incorporation (the “Bremer articles of incorporation”), amended and restated bylaws (the “Bremer bylaws”) and that certain Plan of Reorganization, dated February 9, 1989 (the “Bremer plan of reorganization”). Upon the completion of the mergers, Bremer shareholders immediately prior to the effective time will become Old National shareholders, as the continuing legal entity after the mergers, and their rights as Old National shareholders will therefore be governed by Indiana law and the Old National amended and rest