Page 5.24. Reorganization ................................................................. A-43 5.25. No Financing ................................................................... A-43 5.26. Intellectual Property ............................................................ A-43 5.27. Labor Matters ................................................................. A-43 5.28. Takeover Laws ................................................................. A-44 5.29. Quality of Representations ....................................................... A-44 5.30. No Other Representations or Warranties ........................................... A-44 ARTICLE VI COVENANTS OF WILLIAM PENN ...................................................... A-44 6.1. Conduct of Business .............................................................. A-44 6.2. Financial and Other Statements .................................................... A-48 6.3. Maintenance of Insurance ......................................................... A-49 6.4. Disclosure Supplements ........................................................... A-49 6.5. Consents and Approvals of Third Parties ............................................ A-49 6.6. Commercially Reasonable Efforts .................................................. A-49 6.7. Failure to Fulfill Conditions ....................................................... A-49 6.8. No Other Bids and Related Matters ................................................. A-49 6.9. Reserves and Merger-Related Costs ................................................ A-52 6.10. Board of Directors and Committee Meetings ........................................ A-52 6.11. Affiliate Letters ................................................................ A-53 6.12. Proxy Solicitor ................................................................. A-53 6.13. Approval of Bank Plan of Merger ................................................. A-53 6.14. Compliance with Section 409A .................................................... A-53 6.15. William Penn ESOP ............................................................. A-53 ARTICLE VII COVENANTS OF MID PENN ........................................................... A-54 7.1. Conduct of Business .............................................................. A-54 7.2. Maintenance of Insurance ......................................................... A-55 7.3. Disclosure Supplements ........................................................... A-55 7.4. Consents and Approvals of Third Parties ............................................ A-55 7.5. Commercially Reasonable Efforts .................................................. A-55 7.6. Failure to Fulfill Conditions ....................................................... A-55 7.7. Post-Closing Governance ......................................................... A-55 7.8. Employee Matters ............................................................... A-55 7.9. Directors and Officers Indemnification and Insurance ................................. A-57 7.10. Stock Reserve .................................................................. A-58 7.11. Exchange Listing ............................................................... A-58 7.12. Approval of Bank Plan of Merger ................................................. A-59 A-iii
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