Company: OSBC
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0001104659-25-046065
Chunk: 436

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-08
Form: 424B3
Chunk 436
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 to all of the terms of this Agreement.

(c)

#### Purchase Price Per Share
. The purchase price (“Purchase Price”) for the Stock to be paid upon the exercise of First Refusal Rights pursuant to this Paragraph 4 shall be:

(i) in the case of a proposed sale described in subparagraph 4(a)(iv) above, the per share price to be paid in the proposed sale of Stock as described in the notice provided by the Stockholder multiplied by the number of shares of Stock to be purchased by each subscriber; or

(ii) otherwise, the per share fair market value of such Stock, as determined by the Board of Directors of the Company, which amount shall in no event be less than the book value per share of the Stock, determined in accordance with generally accepted accounting principles.

(d)

#### Closing and Payment of Purchase Price
. Subject to subparagraph 4(e) below, the closing of a transfer pursuant to exercise by the Founding Directors, the Directors and/or the Company of their First Refusal Rights shall be held within thirty (30) business days of the transferring Stockholder’s delivery of the Subscription Notice.

(e)

#### Deferral of Closing Date of Purchase of Stock
. The closing date of any purchase of Stock by the Company may be deferred at the discretion of the Company for not more than ninety (90) calendar days in order to enable the Company to obtain such consents or approvals as may be required under applicable bank regulatory laws with regard to any redemption or change of control which may occur as a result of the Company’s purchase of such Stock.

(f) Rights of First Refusal in the Event of Certain Transfers . Notwithstanding any provision of this Agreement to the contrary, in the case of (a) an event described in subparagraph 4(a)(i) above or (b) a transfer during the Stockholder’s lifetime, the shares of the Stock may transfer to a Stockholder’s spouse, parent, sibling, child or grandchild (collectively referred to hereinafter as an “Immediate Family Member”) or into a trust, retirement account or other entity established primarily for the benefit of the Stockholder and/or his or her Immediate Family Members without being subject to the First Refusal Rights of the Founding Directors, the Directors and the Company, provided: (A) the transferee has agreed in writing to be bound as a “Stockholder” under this Agreement and to hold the Stock transferred subject to all of the terms and conditions of this Agreement; (B) the Stockholder or the Stock