Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 431

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 431
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 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 Stockholder’s estate, as applicable, provides written notice within a reasonable time prior to the transfer of the Immediate Family Member to whom the shares of the Stock are to be transferred; and (C) such transfer otherwise meets the requirements of this Agreement.

5.

#### Stock Legend
**. In order to implement the provisions of this Agreement, certificates representing the Stock shall bear a legend in substantially the following form:

THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD OR OFFERED FOR SALE IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER THAT ACT, OR AN OPIN