At any time prior to the completion of the merger, each of the parties, by action taken or authorized by their respective board of directors, to the extent legally allowed, may: • extend the time for the performance of any of the obligations or other acts of the other party; • waive any inaccuracies in the representations and warranties of the other party in the merger agreement or in any document delivered pursuant to the merger agreement; or • waive compliance by the other party with any of the other agreements or conditions contained in the merger agreement. However, after any approval of the transactions contemplated by the merger agreement by the shareholders of William Penn and Mid Penn, there may not be, without further approval of such shareholders, any amendment to the merger agreement which reduces the amount or value or changes the form of consideration to be delivered to William Penn shareholders. 106
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